Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2015 | Aug. 07, 2015 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | MERCANTILE BANK CORPORATION | |
Trading Symbol | MBWM | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 16,459,841 | |
Amendment Flag | false | |
Entity Central Index Key | 1,042,729 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Accelerated Filer | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | Jun. 30, 2015 | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | Q2 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | |
ASSETS | |||
Cash and due from banks | $ 44,811,000 | $ 43,754,000 | |
Interest-bearing deposits | 83,774,000 | 117,777,000 | |
Federal funds sold | 9,846,000 | 11,207,000 | |
Total cash and cash equivalents | 138,431,000 | 172,738,000 | |
Securities available for sale | [1] | 373,446,000 | 432,912,000 |
Federal Home Loan Bank stock | [2] | 7,567,000 | 13,699,000 |
Loans | 2,171,832,000 | 2,089,277,000 | |
Allowance for loan losses | (16,561,000) | (20,041,000) | |
Loans, net | 2,155,271,000 | 2,069,236,000 | |
Premises and equipment, net | 47,902,000 | 48,812,000 | |
Bank owned life insurance | 58,409,000 | 57,861,000 | |
Goodwill | 49,473,000 | 49,473,000 | |
Core deposit intangible | 14,061,000 | 15,624,000 | |
Other assets | 31,384,000 | 33,024,000 | |
Total assets | 2,875,944,000 | 2,893,379,000 | |
Deposits | |||
Noninterest-bearing | 612,222,000 | 558,738,000 | |
Interest-bearing | 1,666,572,000 | 1,718,177,000 | |
Total deposits | 2,278,794,000 | 2,276,915,000 | |
Securities sold under agreements to repurchase | 152,081,000 | 167,569,000 | |
Federal Home Loan Bank advances | 48,000,000 | 54,022,000 | |
Subordinated debentures | 54,813,000 | 54,472,000 | |
Accrued interest and other liabilities | 13,285,000 | 12,263,000 | |
Total liabilities | 2,546,973,000 | 2,565,241,000 | |
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; 16,571,474 shares outstanding at June 30, 2015 and 16,976,839 shares outstanding at December 31, 2014 | 310,136,000 | 317,904,000 | |
Retained earnings | 18,766,000 | 10,218,000 | |
Accumulated other comprehensive income | 69,000 | 16,000 | |
Total shareholders’ equity | 328,971,000 | 328,138,000 | |
Total liabilities and shareholders’ equity | $ 2,875,944,000 | $ 2,893,379,000 | |
[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 FHLBI stock due to transferability restrictions. |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares | Jun. 30, 2015 | Dec. 31, 2014 |
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 | 16,571,474 | 16,976,839 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Interest income | ||||
Loans, including fees | $ 25,587,000 | $ 16,657,000 | $ 50,898,000 | $ 28,756,000 |
Securities, taxable | 1,489,000 | 1,393,000 | 3,174,000 | 2,627,000 |
Securities, tax-exempt | 523,000 | 374,000 | 1,060,000 | 557,000 |
Other interest-earning assets | 64,000 | 58,000 | 120,000 | 130,000 |
Total interest income | 27,663,000 | 18,482,000 | 55,252,000 | 32,070,000 |
Interest expense | ||||
Deposits | 1,775,000 | 2,272,000 | 3,675,000 | 4,307,000 |
Short-term borrowings | 39,000 | 27,000 | 76,000 | 49,000 |
Federal Home Loan Bank advances | 151,000 | 156,000 | 303,000 | 306,000 |
Other borrowings | 657,000 | 474,000 | 1,308,000 | 791,000 |
Total interest expense | 2,622,000 | 2,929,000 | 5,362,000 | 5,453,000 |
Net interest income | 25,041,000 | 15,553,000 | 49,890,000 | 26,617,000 |
Provision for loan losses | (600,000) | (700,000) | (1,000,000) | (2,600,000) |
Net interest income after provision for loan losses | 25,641,000 | 16,253,000 | 50,890,000 | 29,217,000 |
Noninterest income | ||||
Services charges on accounts | 812,000 | 522,000 | 1,582,000 | 887,000 |
Credit and debit card income | 1,079,000 | 593,000 | 2,291,000 | 894,000 |
Mortgage banking activities | 999,000 | 349,000 | 1,687,000 | 412,000 |
Earnings on bank owned life insurance | 262,000 | 282,000 | 548,000 | 581,000 |
Other income | 869,000 | 542,000 | 1,607,000 | 1,020,000 |
Total noninterest income | 4,021,000 | 2,288,000 | 7,715,000 | 3,794,000 |
Noninterest expense | ||||
Salaries and benefits | 11,074,000 | 7,037,000 | 21,158,000 | 12,267,000 |
Occupancy | 1,479,000 | 914,000 | 3,052,000 | 1,626,000 |
Furniture and equipment | 596,000 | 368,000 | 1,220,000 | 615,000 |
Data processing costs | 1,872,000 | 1,440,000 | 3,642,000 | 2,376,000 |
FDIC insurance costs | 483,000 | 224,000 | 960,000 | 401,000 |
Merger-related costs | 0 | 3,453,000 | 0 | 3,830,000 |
Other expense | 4,846,000 | 2,630,000 | 9,559,000 | 4,158,000 |
Total noninterest expenses | 20,350,000 | 16,066,000 | 39,591,000 | 25,273,000 |
Income before federal income tax expense | 9,312,000 | 2,475,000 | 19,014,000 | 7,738,000 |
Federal income tax expense | 2,754,000 | 966,000 | 5,810,000 | 2,649,000 |
Net income | $ 6,558,000 | $ 1,509,000 | $ 13,204,000 | $ 5,089,000 |
Basic earnings per share (in Dollars per share) | $ 0.39 | $ 0.13 | $ 0.78 | $ 0.50 |
Diluted earnings per share (in Dollars per share) | 0.39 | 0.13 | 0.78 | 0.50 |
Cash dividends per share (in Dollars per share) | $ 0.14 | $ 2.12 | $ 0.28 | $ 2.24 |
Average basic shares outstanding (in Shares) | 16,767,393 | 11,406,908 | 16,852,002 | 10,080,242 |
Average diluted shares outstanding (in Shares) | 16,803,846 | 11,435,867 | 16,887,702 | 10,094,725 |
Condensed Consolidated Stateme5
Condensed Consolidated Statements of Comprehensive Income [Unaudited] - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Net income | $ 6,558,000 | $ 1,509,000 | $ 13,204,000 | $ 5,089,000 |
Other comprehensive income (loss): | ||||
Unrealized holding gains (losses) on securities available for sale | (2,722,000) | 1,537,000 | 165,000 | 4,148,000 |
Fair value of interest rate swap | 71,000 | (140,000) | (126,000) | (126,000) |
(2,651,000) | 1,397,000 | 39,000 | 4,022,000 | |
Tax effect of unrealized holding gains (losses) on securities available for sale | 981,000 | (568,000) | (30,000) | (1,481,000) |
Tax effect of fair value of interest rate swap | (25,000) | 49,000 | 44,000 | 45,000 |
956,000 | (519,000) | 14,000 | (1,436,000) | |
Other comprehensive income (loss), net of tax | (1,695,000) | 878,000 | 53,000 | 2,586,000 |
Comprehensive income | $ 4,863,000 | $ 2,387,000 | $ 13,257,000 | $ 7,675,000 |
Condensed Consolidated Stateme6
Condensed Consolidated Statements of Changes in Shareholders' Equity [Unaudited] - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balances, beginning at Dec. 31, 2013 | $ 0 | $ 162,999,000 | $ (4,101,000) | $ (5,573,000) | $ 153,325,000 |
Balances, ending at Jun. 30, 2014 | 0 | 318,452,000 | 673,000 | (2,987,000) | 316,138,000 |
Stock option exercises | 75,000 | 75,000 | |||
Stock grants to directors for retainer fees | 155,000 | 155,000 | |||
Stock-based compensation expense | 351,000 | 351,000 | |||
Cash dividends | (20,102,000) | (315,000) | (20,417,000) | ||
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 | 5,089,000 | 5,089,000 | |||
Change in net unrealized gain on securities available for sale, net of tax effect | 2,667,000 | 2,667,000 | |||
Change in fair value of interest rate swap, net of tax effect | (81,000) | (81,000) | |||
Balances, beginning at Dec. 31, 2014 | 0 | 317,904,000 | 10,218,000 | 16,000 | 328,138,000 |
Balances, ending at Jun. 30, 2015 | $ 0 | 310,136,000 | 18,766,000 | 69,000 | 328,971,000 |
Employee stock purchase plan (1,110 shares) | 23,000 | 23,000 | |||
Dividend reinvestment plan (13,788 shares) | 283,000 | 283,000 | |||
Stock option exercises | 275,000 | 275,000 | |||
Stock grants to directors for retainer fees | 402,000 | 402,000 | |||
Stock-based compensation expense | 359,000 | 359,000 | |||
Share repurchase program (463,060 shares) | $ (9,110,000) | (9,110,000) | |||
Cash dividends | (4,656,000) | (4,656,000) | |||
Net income | $ 13,204,000 | 13,204,000 | |||
Change in net unrealized gain on securities available for sale, net of tax effect | 135,000 | 135,000 | |||
Change in fair value of interest rate swap, net of tax effect | $ (82,000) | $ (82,000) |
Condensed Consolidated Stateme7
Condensed Consolidated Statements of Changes in Shareholders' Equity [Unaudited] (Parentheticals) - $ / shares | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Cash dividends per common share (in Dollars per share) | $ 0.28 | $ 2.24 |
Common Stock [Member] | ||
Employee stock purchase plan, shares | 1,110 | |
Dividend reinvestment plan, shares | 13,788 | |
Stock option exercises, shares | 26,375 | 5,920 |
Stock grants to directors for retainer fees | 20,094 | 7,375 |
Share repurchase program | 463,060 | |
Cash dividends per common share (in Dollars per share) | $ 0.28 | $ 2.24 |
Common stock issued in connection with Firstbank merger | 8,087,272 |
Condensed Consolidated Stateme8
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Cash flows from operating activities | ||
Net income | $ 13,204,000 | $ 5,089,000 |
Adjustments to reconcile net income to net cash from operating activities | ||
Depreciation and amortization | 5,588,000 | 1,967,000 |
Accretion of acquired loans | (2,910,000) | (512,000) |
Provision for loan losses | (1,000,000) | (2,600,000) |
Stock-based compensation expense | 359,000 | 351,000 |
Stock grants to directors for retainer fee | 402,000 | 155,000 |
Proceeds from sales of mortgage loans held for sale | 57,735,000 | 16,958,000 |
Origination of mortgage loans held for sale | (56,853,000) | (16,525,000) |
Net gain from sales of mortgage loans held for sale | (1,706,000) | (383,000) |
Net gain from sales and valuation write-down of foreclosed assets | (71,000) | (605,000) |
Net gain from sales of fixed assets | (10,000) | 0 |
Net gain from sales of available for sale securities | (5,000) | 0 |
Earnings on bank owned life insurance | (548,000) | (581,000) |
Net change in: | ||
Accrued interest receivable | 212,000 | 312,000 |
Other assets | (188,000) | (1,678,000) |
Accrued interest and other liabilities | 896,000 | 6,884,000 |
Net cash from operating activities | 15,105,000 | 8,832,000 |
Cash flows from investing activities | ||
Cash received in merger | 0 | 91,806,000 |
Loan originations and payments, net | (82,399,000) | (75,655,000) |
Purchases of securities available for sale | (4,868,000) | (11,679,000) |
Proceeds from maturities, calls and repayments of securities available for sale | 62,135,000 | 22,800,000 |
Proceeds from sales of securities available for sale | 665,000 | 0 |
Proceeds from sales of foreclosed assets | 1,131,000 | 1,940,000 |
Proceeds from FHLB stock redemption | 6,132,000 | 0 |
Purchases of premises and equipment | (589,000) | (874,000) |
Net cash from (for) investing activities | (17,793,000) | 28,338,000 |
Cash flows from financing activities | ||
Net decrease in time deposits | (84,451,000) | (15,516,000) |
Net increase (decrease) in all other deposits | 87,505,000 | (29,743,000) |
Net increase (decrease) in securities sold under agreements to repurchase | (15,488,000) | 319,000 |
Maturities of Federal Home Loan Bank advances | (6,000,000) | 0 |
Proceeds from stock option exercises | 275,000 | 75,000 |
Employee stock purchase plan | 23,000 | 0 |
Dividend reinvestment plan | 283,000 | 0 |
Repurchase of common stock shares | (9,110,000) | 0 |
Payment of cash dividends to common shareholders | (4,656,000) | (20,417,000) |
Net cash for financing activities | (31,619,000) | (65,282,000) |
Net change in cash and cash equivalents | (34,307,000) | (28,112,000) |
Cash and cash equivalents at beginning of period | 172,738,000 | 146,965,000 |
Cash and cash equivalents at end of period | 138,431,000 | 118,853,000 |
Cash paid during the period for: | ||
Interest | 5,564,000 | 5,336,000 |
Federal income tax | 5,700,000 | 1,400,000 |
Noncash financing and investing activities: | ||
Transfers from loans to foreclosed assets | $ 1,098,000 | $ 175,000 |
Note 1 - Significant Accounting
Note 1 - Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2015 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | 1. SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation 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 Approximately 100,000 unvested restricted shares were included in determining both basic and diluted earnings per share for the three and six months ended June 30, 2015. In addition, stock options for approximately 108,000 shares of common stock were included in determining diluted earnings per share for the three and six months ended June 30, 2015. Stock options for approximately 91,000 shares of common stock were antidilutive and not included in determining diluted earnings per share for the three and six months ended June 30, 2015. Stock options for approximately 159,000 shares of common stock were included in determining diluted earnings per share for the three and six months ended June 30, 2014. Stock options for approximately 177,000 shares of common stock were antidilutive and not included in determining diluted earnings per share for the three and six months ended June 30, 2014. Securities Interest income includes amortization of purchase premiums and accretion of discounts. Premiums and discounts on securities are amortized or accreted on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Declines in the fair value of debt securities below their amortized cost that are other than temporary (“OTTI”) are reflected in earnings or other comprehensive income, as appropriate. For those debt securities whose fair value is less than their amortized cost, we 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 whether we expect to recover the entire amortized cost of the security based on our assessment of the issuer’s financial condition. In analyzing an issuer’s financial condition, we consider whether the securities are issued by the federal government or its agencies, and whether downgrades by bond rating agencies have occurred. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement, and 2) OTTI related to other factors, such as liquidity conditions in the market or changes in market interest rates, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost. Loans 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 Held for Sale 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 $594 million as of June 30, 2015. Mortgage Banking Activities Servicing fee income is recorded for fees earned for serving mortgage 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 loan servicing rights is netted against mortgage loan servicing income and recorded in mortgage banking activities in the income statement. Troubled Debt Restructurings 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. Allowance for Loan Losses 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. Derivatives 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 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: Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers In June 2014, the FASB issued ASU 2014-11, Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures In August 2014, the FASB issued ASU 2014-14, Classification of Certain Government-Guaranteed Mortgage Loans Upon Foreclosure |
Note 2 - Business Combination
Note 2 - Business Combination | 6 Months Ended |
Jun. 30, 2015 | |
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. 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 $49.5 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 unaudited pro forma information for the results of operations for the three and six month periods ended June 30, 2014 as if the acquisition had occurred on January 1, 2014. These adjustments reflect the impact of certain purchase accounting fair value measurements, primarily comprised of Firstbank’s loan and deposit portfolios. 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 Six Months Ended Ended June 30, 2014 June 30, 2014 Net interest income $ 24,051,000 $ 47,934,000 Noninterest expense 19,698,000 39,716,000 Net income 5,708,000 11,965,000 Net income per diluted share 0.34 0.71 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. 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. |
Note 3 - Securities
Note 3 - Securities | 6 Months Ended |
Jun. 30, 2015 | |
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 are as follows: Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value June 30, 2015 U.S. Government agency debt obligations $ 162,342,000 $ 1,702,000 $ (2,336,000 ) $ 161,708,000 Mortgage-backed securities 79,018,000 1,083,000 (260,000 ) 79,841,000 Municipal general obligation bonds 119,609,000 824,000 (622,000 ) 119,811,000 Municipal revenue bonds 10,051,000 102,000 (4,000 ) 10,149,000 Other investments 1,940,000 0 (3,000 ) 1,937,000 $ 372,960,000 $ 3,711,000 $ (3,225,000 ) $ 373,446,000 December 31, 2014 U.S. Government agency debt obligations $ 194,894,000 $ 1,612,000 $ (3,038,000 ) $ 193,468,000 Mortgage-backed securities 92,656,000 1,123,000 (218,000 ) 93,561,000 Municipal general obligation bonds 132,347,000 1,042,000 (307,000 ) 133,082,000 Municipal revenue bonds 10,769,000 117,000 (13,000 ) 10,873,000 Other investments 1,925,000 3,000 0 1,928,000 $ 432,591,000 $ 3,897,000 $ (3,576,000 ) $ 432,912,000 Securities with unrealized losses at June 30, 2015 and December 31, 2014, 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 June 30, 2015 U.S. Government agency debt obligations $ 2,986,000 $ 13,000 $ 74,876,000 $ 2,323,000 $ 77,862,000 $ 2,336,000 Mortgage-backed securities 6,048,000 33,000 19,822,000 227,000 25,870,000 260,000 Municipal general obligation bonds 9,001,000 164,000 65,947,000 458,000 74,948,000 622,000 Municipal revenue bonds 0 0 2,305,000 4,000 2,305,000 4,000 Other investments 1,431,000 3,000 0 0 1,431,000 3,000 $ 19,466,000 $ 213,000 $ 162,950,000 $ 3,012,000 $ 182,416,000 $ 3,225,000 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2014 U.S. Government agency debt obligations $ 81,891,000 $ 202,000 $ 74,120,000 $ 2,836,000 $ 156,011,000 $ 3,038,000 Mortgage-backed securities 49,940,000 218,000 0 0 49,940,000 218,000 Municipal general obligation bonds 54,104,000 307,000 0 0 54,104,000 307,000 Municipal revenue bonds 4,644,000 13,000 0 0 4,644,000 13,000 Other investments 0 0 0 0 0 0 $ 190,579,000 $ 740,000 $ 74,120,000 $ 2,836,000 $ 264,699,000 $ 3,576,000 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 June 30, 2015, 316 debt securities and one mutual fund with fair values totaling $182.4 million have unrealized losses aggregating $3.2 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 June 30, 2015, 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 2015 0.88 % $ 6,702,000 $ 6,707,000 Due in 2016 through 2020 1.42 135,850,000 135,897,000 Due in 2021 through 2025 3.13 65,615,000 65,485,000 Due in 2026 and beyond 3.55 83,835,000 83,579,000 Mortgage-backed securities 1.68 79,018,000 79,841,000 Other investments 2.52 1,940,000 1,937,000 2.18 % $ 372,960,000 $ 373,446,000 Securities issued by the State of Michigan and all its political subdivisions had a combined amortized cost of $103.1 million and $113.1 million at June 30, 2015 and December 31, 2014, respectively, with estimated market values of $103.0 million and $113.9 million, respectively. Securities issued by all other states and their political subdivisions had a combined amortized cost of $26.6 million and $30.0 million at June 30, 2015 and December 31, 2014, respectively, with estimated market values of $27.0 million and $30.0 million, respectively. 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 $152.1 million and $167.6 million at June 30, 2015, and December 31, 2014, 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 fo
Note 4 - Loans and Allowance for Loan Losses | 6 Months Ended |
Jun. 30, 2015 | |
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 undiscounted 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 June 30, 2015 were $2.17 billion compared to $2.09 billion at December 31, 2014, an increase of $82.6 million, or 4.0%. The components of our loan portfolio disaggregated by class of loan within the loan portfolio segments at June 30, 2015 and December 31, 2014, and the percentage change in loans from the end of 2014 to the end of the second quarter of 2015, are as follows: Percent June 30, 2015 December 31, 2014 Increase Balance % Balance % (Decrease) Originated loans Commercial: Commercial and industrial $ 487,440,000 34.1 % $ 384,570,000 30.8 % 26.7 % Vacant land, land development, and residential construction 28,853,000 2.0 29,826,000 2.4 (3.3 ) Real estate – owner occupied 297,694,000 20.8 291,758,000 23.4 2.0 Real estate – non-owner occupied 469,433,000 32.9 410,977,000 33.0 14.2 Real estate – multi-family and residential rental 38,968,000 2.7 36,058,000 2.9 8.1 Total commercial 1,322,388,000 92.5 1,153,189,000 92.5 14.7 Retail: Home equity and other 60,417,000 4.2 50,059,000 4.0 20.7 1-4 family mortgages 46,818,000 3.3 42,868,000 3.5 9.2 Total retail 107,235,000 7.5 92,927,000 7.5 15.4 Total originated loans $ 1,429,623,000 100.0 % $ 1,246,116,000 100.0 % 14.7 % Percent June 30, 2015 December 31, 2014 Increase Balance % Balance % (Decrease) Acquired loans Commercial: Commercial and industrial $ 134,633,000 18.1 % $ 166,037,000 19.7 (18.9% ) Vacant land, land development, and residential construction 18,769,000 2.5 22,148,000 2.6 (15.3 ) Real estate – owner occupied 124,660,000 16.8 138,630,000 16.4 (10.1 ) Real estate – non-owner occupied 134,291,000 18.1 148,597,000 17.6 (9.6 ) Real estate – multi-family and residential rental 85,690,000 11.6 86,702,000 10.3 (1.2 ) Total commercial 498,043,000 67.1 562,114,000 66.6 (11.4 ) Retail: Home equity and other 89,077,000 12.0 109,219,000 13.0 (18.4 ) 1-4 family mortgages 155,089,000 20.9 171,828,000 20.4 (9.7 ) Total retail 244,166,000 32.9 281,047,000 33.4 (13.1 ) Total acquired loans $ 742,209,000 100.0 % $ 843,161,000 100.0 % (12.0% ) Percent June 30, 2015 December 31, 2014 Increase Balance % Balance % (Decrease) Total loans Commercial: Commercial and industrial $ 622,073,000 28.7 % $ 550,607,000 26.4 % 13.0 % Vacant land, land development, and residential construction 47,622,000 2.2 51,974,000 2.5 (8.4 ) Real estate – owner occupied 422,354,000 19.4 430,388,000 20.5 (1.9 ) Real estate – non-owner occupied 603,724,000 27.8 559,574,000 26.8 7.9 Real estate – multi-family and residential rental 124,658,000 5.7 122,760,000 5.9 1.5 Total commercial 1,820,431,000 83.8 1,715,303,000 82.1 6.1 Retail: Home equity and other 149,494,000 6.9 159,278,000 7.6 (6.1 ) 1-4 family mortgages 201,907,000 9.3 214,696,000 10.3 (6.0 ) Total retail 351,401,000 16.2 373,974,000 17.9 (6.0 ) Total loans $ 2,171,832,000 100.0 % $ 2,089,277,000 100.0 % 4.0 % The total outstanding balance and carrying value of acquired impaired loans was $29.4 million and $15.9 million, respectively, as of June 30, 2015. Changes in the accretable yield for acquired impaired loans for the three and six months ended June 30, 2015 were as follows: Balance at March 31, 2015 $ 5,241,000 Additions 0 Accretion income (681,000 ) Net reclassification from nonaccretable to accretable 708,000 Reductions (1) (153,000 ) Ending balance $ 5,115,000 Balance at December 31, 2014 $ 4,998,000 Additions 0 Accretion income (1,327,000 ) Net reclassification from nonaccretable to accretable 1,649,000 Reductions (1) (205,000 ) Ending balance $ 5,115,000 (1) Reductions primarily reflect the result of exit events, including loan payoffs and charge-offs. Nonperforming originated loans as of June 30, 2015 and December 31, 2014 were as follows: June 30, December 31, 2015 2014 Loans past due 90 days or more still accruing interest $ 0 $ 0 Nonaccrual loans 2,893,000 26,048,000 Total nonperforming originated loans $ 2,893,000 $ 26,048,000 Nonperforming acquired loans as of June 30, 2015 and December 31, 2014 were as follows: June 30, December 31, 2015 2014 Loans past due 90 days or more still accruing interest $ 0 $ 26,000 Nonaccrual loans 5,210,000 3,358,000 Total nonperforming acquired loans $ 5,210,000 $ 3,384,000 The recorded principal balance of nonperforming loans was as follows: June 30, December 31, 2015 2014 Commercial: Commercial and industrial $ 278,000 $ 6,478,000 Vacant land, land development, and residential construction 183,000 209,000 Real estate – owner occupied 2,558,000 18,062,000 Real estate – non-owner occupied 246,000 378,000 Real estate – multi-family and residential rental 2,580,000 106,000 Total commercial 5,845,000 25,233,000 Retail: Home equity and other 749,000 800,000 1-4 family mortgages 1,509,000 3,399,000 Total retail 2,258,000 4,199,000 Total nonperforming loans $ 8,103,000 $ 29,432,000 Acquired impaired loans 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 June 30, 2015: 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 $ 487,440,000 $ 487,440,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 28,853,000 28,853,000 0 Real estate – owner occupied 0 1,182,000 20,000 1,202,000 296,492,000 297,694,000 0 Real estate – non-owner occupied 0 0 0 0 469,433,000 469,433,000 0 Real estate – multi-family and residential rental 0 0 0 0 38,968,000 38,968,000 0 Total commercial 0 1,182,000 20,000 1,202,000 1,321,186,000 1,322,388,000 0 Retail: Home equity and other 64,000 0 0 64,000 60,353,000 60,417,000 0 1-4 family mortgages 0 73,000 312,000 385,000 46,433,000 46,818,000 0 Total retail 64,000 73,000 312,000 449,000 106,786,000 107,235,000 0 Total past due loans $ 64,000 $ 1,255,000 $ 332,000 $ 1,651,000 $ 1,427,972,000 $ 1,429,623,000 $ 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 $ 135,000 $ 0 $ 755,000 $ 890,000 $ 133,743,000 $ 134,633,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 18,769,000 18,769,000 0 Real estate – owner occupied 76,000 18,000 825,000 919,000 123,741,000 124,660,000 0 Real estate – non-owner occupied 85,000 0 246,000 331,000 133,960,000 134,291,000 0 Real estate – multi-family and residential rental 14,000 2,476,000 162,000 2,652,000 83,038,000 85,690,000 0 Total commercial 310,000 2,494,000 1,988,000 4,792,000 493,251,000 498,043,000 0 Retail: Home equity and other 198,000 33,000 162,000 393,000 88,684,000 89,077,000 0 1-4 family mortgages 929,000 136,000 530,000 1,595,000 153,494,000 155,089,000 0 Total retail 1,127,000 169,000 692,000 1,988,000 242,178,000 244,166,000 0 Total past due loans $ 1,437,000 $ 2,663,000 $ 2,680,000 $ 6,780,000 $ 735,429,000 $ 742,209,000 $ 0 An age analysis of past due loans is as follows as of December 31, 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 $ 384,570,000 $ 384,570,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 29,826,000 29,826,000 0 Real estate – owner occupied 0 0 120,000 120,000 291,638,000 291,758,000 0 Real estate – non-owner occupied 0 0 116,000 116,000 410,861,000 410,977,000 0 Real estate – multi-family and residential rental 0 0 0 0 36,058,000 36,058,000 0 Total commercial 0 0 236,000 236,000 1,152,953,000 1,153,189,000 0 Retail: Home equity and other 38,000 3,000 0 41,000 50,018,000 50,059,000 0 1-4 family mortgages 0 0 366,000 366,000 42,502,000 42,868,000 0 Total retail 38,000 3,000 366,000 407,000 92,520,000 92,927,000 0 Total past due loans $ 38,000 $ 3,000 $ 602,000 $ 643,000 $ 1,245,473,000 $ 1,246,116,000 $ 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 $ 29,000 $ 32,000 $ 76,000 $ 137,000 $ 165,900,000 $ 166,037,000 $ 0 Vacant land, land development, and residential construction 0 38,000 0 38,000 22,110,000 22,148,000 0 Real estate – owner occupied 51,000 425,000 1,625,000 2,101,000 136,529,000 138,630,000 0 Real estate – non-owner occupied 68,000 598,000 395,000 1,061,000 147,536,000 148,597,000 0 Real estate – multi-family and residential rental 37,000 0 105,000 142,000 86,560,000 86,702,000 0 Total commercial 185,000 1,093,000 2,201,000 3,479,000 558,635,000 562,114,000 0 Retail: Home equity and other 445,000 419,000 155,000 1,019,000 108,200,000 109,219,000 26,000 1-4 family mortgages 1,087,000 408,000 750,000 2,245,000 169,583,000 171,828,000 0 Total retail 1,532,000 827,000 905,000 3,264,000 277,783,000 281,047,000 26,000 Total past due loans $ 1,717,000 $ 1,920,000 $ 3,106,000 $ 6,743,000 $ 836,418,000 $ 843,161,000 $ 26,000 Impaired originated loans as of June 30, 2015, and average originated impaired loans for the three and six months ended June 30, 2015, were as follows: Second 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 $ 1,923,000 $ 1,923,000 $ 1,930,000 $ 1,674,000 Vacant land, land development and residential construction 0 0 98,000 135,000 Real estate – owner occupied 312,000 124,000 1,062,000 1,342,000 Real estate – non-owner occupied 5,761,000 5,761,000 2,937,000 2,362,000 Real estate – multi-family and residential rental 360,000 302,000 306,000 309,000 Total commercial 8,356,000 8,110,000 6,333,000 5,822,000 Retail: Home equity and other 206,000 188,000 189,000 190,000 1-4 family mortgages 1,309,000 697,000 615,000 597,000 Total retail 1,515,000 885,000 804,000 787,000 Total with no related allowance recorded $ 9,871,000 $ 8,995,000 $ 7,137,000 $ 6,609,000 Second 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 $ 513,000 $ 460,000 $ 436,000 $ 2,812,000 $ 3,617,000 Vacant land, land development and residential construction 2,530,000 2,184,000 376,000 2,092,000 2,061,000 Real estate – owner occupied 6,646,000 2,094,000 637,000 8,806,000 11,095,000 Real estate – non-owner occupied 4,955,000 4,955,000 206,000 10,319,000 12,195,000 Real estate – multi-family and residential rental 1,305,000 1,305,000 492,000 1,321,000 1,338,000 Total commercial 15,949,000 10,998,000 2,147,000 25,350,000 30,306,000 Retail: Home equity and other 198,000 163,000 126,000 165,000 138,000 1-4 family mortgages 165,000 132,000 51,000 217,000 811,000 Total retail 363,000 295,000 177,000 382,000 949,000 Total with an allowance recorded $ 16,312,000 $ 11,293,000 $ 2,324,000 $ 25,732,000 $ 31,255,000 Total impaired loans: Commercial $ 24,305,000 $ 19,108,000 $ 2,147,000 $ 31,683,000 $ 36,128,000 Retail 1,878,000 1,180,000 177,000 1,186,000 1,736,000 Total impaired loans $ 26,183,000 $ 20,288,000 $ 2,324,000 $ 32,869,000 $ 37,864,000 Impaired acquired loans as of June 30, 2015, and average impaired acquired loans for the three and six months ended June 30, 2015, were as follows: Second 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 $ 1,565,000 $ 1,532,000 $ 1,244,000 $ 1,356,000 Vacant land, land development and residential construction 0 0 0 0 Real estate – owner occupied 492,000 429,000 317,000 249,000 Real estate – non-owner occupied 586,000 545,000 427,000 393,000 Real estate – multi-family and residential rental 3,152,000 3,133,000 2,037,000 1,520,000 Total commercial 5,795,000 5,639,000 4,025,000 3,518,000 Retail: Home equity and other 485,000 361,000 365,000 456,000 1-4 family mortgages 803,000 680,000 801,000 823,000 Total retail 1,288,000 1,041,000 1,166,000 1,279,000 Total with no related allowance recorded $ 7,083,000 $ 6,680,000 $ 5,191,000 $ 4,797,000 Second 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 $ 80,000 $ 80,000 $ 9,000 $ 97,000 $ 65,000 Vacant land, land development and residential construction 0 0 0 0 0 Real estate – owner occupied 1,177,000 1,086,000 561,000 1,256,000 1,338,000 Real estate – non-owner occupied 0 0 0 0 0 Real estate – multi-family and residential rental 26,000 27,000 1,000 28,000 19,000 Total commercial 1,283,000 1,193,000 571,000 1,381,000 1,422,000 Retail: Home equity and other 0 0 0 0 0 1-4 family mortgages 342,000 282,000 13,000 283,000 189,000 Total retail 342,000 282,000 13,000 283,000 189,000 Total with an allowance recorded $ 1,625,000 $ 1,475,000 $ 584,000 $ 1,664,000 $ 1,611,000 Total impaired loans: Commercial $ 7,078,000 $ 6,832,000 $ 571,000 $ 5,406,000 $ 4,940,000 Retail 1,630,000 1,323,000 13,000 1,449,000 1,468,000 Total impaired loans $ 8,708,000 $ 8,155,000 $ 584,000 $ 6,855,000 $ 6,408,000 Impaired originated loans as of December 31, 2014, and average impaired originated loans for the three and six months ended June 30, 2014, were as follows: Second 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 $ 1,170,000 $ 1,164,000 $ 169,000 $ 283,000 Vacant land, land development and residential construction 540,000 209,000 171,000 235,000 Real estate – owner occupied 3,609,000 1,901,000 662,000 703,000 Real estate – non-owner occupied 1,210,000 1,210,000 1,169,000 1,024,000 Real estate – multi-family and residential rental 375,000 317,000 1,000 1,000 Total commercial 6,904,000 4,801,000 2,172,000 2,246,000 Retail: Home equity and other 207,000 191,000 647,000 585,000 1-4 family mortgages 1,144,000 560,000 585,000 606,000 Total retail 1,351,000 751,000 1,232,000 1,191,000 Total with no related allowance recorded $ 8,255,000 $ 5,552,000 $ 3,404,000 $ 3,437,000 Second 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 $ 5,299,000 $ 5,226,000 $ 1,578,000 $ 882,000 $ 1,068,000 Vacant land, land development and residential construction 2,000,000 2,000,000 151,000 3,604,000 3,782,000 Real estate – owner occupied 15,745,000 15,674,000 2,200,000 1,974,000 1,820,000 Real estate – non-owner occupied 16,033,000 15,949,000 4,779,000 18,591,000 19,418,000 Real estate – multi-family and residential rental 1,371,000 1,371,000 666,000 1,319,000 1,774,000 Total commercial 40,448,000 40,220,000 9,374,000 26,370,000 27,862,000 Retail: Home equity and other 115,000 84,000 84,000 91,000 157,000 1-4 family mortgages 2,194,000 2,000,000 694,000 2,136,000 2,168,000 Total retail 2,309,000 2,084,000 778,000 2,227,000 2,325,000 Total with an allowance recorded $ 42,757,000 $ 42,304,000 $ 10,152,000 $ 28,597,000 $ 30,187,000 Total impaired loans: Commercial $ 47,352,000 $ 45,021,000 $ 9,374,000 $ 28,542,000 $ 30,108,000 Retail 3,660,000 2,835,000 778,000 3,459,000 3,516,000 Total impaired loans $ 51,012,000 $ 47,856,000 $ 10,152,000 $ 32,001,000 $ 33,624,000 Impaired acquired loans as of December 31, 2014, and average impaired acquired loans for the three and six months ended June 30, 2014, were as follows: Second 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 $ 1,586,000 $ 1,579,000 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 0 Real estate – owner occupied 113,000 113,000 0 0 Real estate – non-owner occupied 326,000 326,000 0 0 Real estate – multi-family and residential rental 487,000 487,000 0 0 Total commercial 2,512,000 2,505,000 0 0 Retail: Home equity and other 641,000 639,000 0 0 1-4 family mortgages 866,000 866,000 0 0 Total retail 1,507,000 1,505,000 0 0 Total with no related allowance recorded $ 4,019,000 $ 4,010,000 $ 0 $ 0 Second 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 $ 0 $ 0 $ 0 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 0 0 Real estate – owner occupied 1,516,000 1,502,000 605,000 0 0 Real estate – non-owner occupied 0 0 0 0 0 Real estate – multi-family and residential rental 0 0 0 0 0 Total commercial 1,516,000 1,502,000 605,000 0 0 Retail: Home equity and other 0 0 0 0 0 1-4 family mortgages 0 0 0 0 0 Total retail 0 0 0 0 0 Total with an allowance recorded $ 1,516,000 $ 1,502,000 $ 605,000 $ 0 $ 0 Total impaired loans: Commercial $ 4,028,000 $ 4,007,000 $ 605,000 $ 0 $ 0 Retail 1,507,000 1,505,000 0 0 0 Total impaired loans $ 5,535,000 $ 5,512,000 $ 605,000 $ 0 $ 0 Impaired loans for which no allocation of the allowance for loan losses has been made generally reflect situations whereby the loans have been charged-down to estimated collateral value. No acquired loans were considered impaired as of June 30, 2014. Interest income recognized on accruing troubled debt restructurings totaled $0.4 million during both the second quarter of 2015 and 2014, while interest income recognized on accruing troubled debt restructurings totaled $0.8 million during both the first six months of 2015 and 2014. No interest income was recognized on nonaccrual loans during the second quarter and first six months of 2015 or during the respective 2014 periods. Credit Quality Indicators. Credit quality indicators were as follows as of June 30, 2015: Originated loans Commercial credit exposure – credit risk profiled by internal credit risk grades: Commercial Commercial Vacant Land, Commercial Commercial Real Estate - Commercial Land Development, Real Estate - Real Estate - Multi-Family and Residential Owner Non-Owner and Residential Industrial Construction Occupied Occupied Rental Internal credit risk grade groupings: Grades 1 – 4 $ 348,542,000 $ 15,243,000 $ 211,066,000 $ 342,030,000 $ 16,044,000 Grades 5 – 7 136,948,000 11,426,000 83,907,000 121,726,000 21,619,000 Grades 8 – 9 1,950,000 2,184,000 2,721,000 5,677,000 1,305,000 Total commercial $ 487,440,000 $ 28,853,000 $ 297,694,000 $ 469,433,000 $ 38,968,000 Retail credit exposure – credit risk profiled by collateral type: Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 60,417,000 $ 46,818,000 Acquired loans Commercial credit exposure – credit risk profiled by internal credit risk grades: 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 Internal credit risk grade groupings: Grades 1 – 4 $ 59,441,000 $ 5,382,000 $ 44,922,000 $ 67,258,000 $ 41,488,000 Grades 5 – 7 71,999,000 12,177,000 73,383,000 63,716,000 40,329,000 Grades 8 – 9 3,193,000 1,210,000 6,355,000 3,317,000 3,873,000 Total commercial $ 134,633,000 $ 18,769,000 $ 124,660,000 $ 134,291,000 $ 85,690,000 Retail credit exposure – credit risk profiled by collateral type: Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 89,077,000 $ 155,089,000 Credit quality indicators were as follows as of December 31, 2014: Originated loans Commercial credit exposure – credit risk profiled by internal credit risk grades: 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 Internal credit risk grade groupings: Grades 1 – 4 $ 266,631,000 $ 11,242,000 $ 190,656,000 $ 285,035,000 $ 12,394,000 Grades 5 – 7 109,639,000 16,375,000 83,123,000 113,982,000 22,282,000 Grades 8 – 9 8,300,000 2,209,000 17,979,000 11,960,000 1,382,000 Total commercial $ 384,570,000 $ 29,826,000 $ 291,758,000 $ 410,977,000 $ 36,058,000 Retail credit exposure – credit risk profiled by collateral type: Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 50,059,000 $ 42,868,000 Acquired loans Commercial credit exposure – credit risk profiled by internal credit risk grades: 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 Internal credit risk grade groupings: Grades 1 – 4 $ 72,411,000 $ 5,875,000 $ 39,496,000 $ 65,886,000 $ 35,858,000 Grades 5 – 7 90,320,000 14,472,000 92,212,000 78,103,000 49,781,000 Grades 8 – 9 3,306,000 1,801,000 6,922,000 4,608,000 1,063,000 Total commercial $ 166,037,000 $ 22,148,000 $ 138,630,000 $ 148,597,000 $ 86,702,000 Retail credit exposure – credit risk profiled by collateral type: Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 109,219,000 $ 171,828,000 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 six months ended June 30, 2015 are as follows: Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Balance at March 31, 2015 $ 18,977,000 $ 1,235,000 $ 39,000 $ 20,251,000 Provision for loan losses (1,151,000 ) 513,000 (5,000 ) (643,000 ) Charge-offs (4,199,000 ) (154,000 ) 0 (4,353,000 ) Recoveries 365,000 120,000 0 485,000 Ending balance $ 13,992,000 $ 1,714,000 $ 34,000 $ 15,740,000 Allowance for loan losses: Balance at December 31, 2014 $ 17,736,000 $ 1,487,000 $ 76,000 $ 19,299,000 Provision for loan losses (1,651,000 ) 592,000 (42,000 ) (1,101,000 ) Charge-offs (4,277,000 ) (517,000 ) 0 (4,794,000 ) Recoveries 2,184,000 152,000 0 2,336,000 Ending balance $ 13,992,000 $ 1,714,000 $ 34,000 $ 15,740,000 Ending balance: individually evaluated for impairment $ 2,146,000 $ 178,000 $ 0 $ 2,324,000 Ending balance: collectively evaluated for impairment $ 11,846,000 $ 1,536,000 $ 34,000 $ 13,416,000 Total loans: Ending balance $ 1,322,388,000 $ 107,235,000 $ 1,429,623,000 Ending balance: individually evaluated for impairment $ 19,108,000 $ 1,180,000 $ 20,288,000 Ending balance: collectively evaluated for impairment $ 1,303,280,000 $ 106,055,000 $ 1,409,335,000 Activity in the allowance for loan losses for acquired loans during the three and six months ended June 30, 2015 is as follows: Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Balance at March 31, 2015 $ 622,000 $ 177,000 $ 0 $ 799,000 Provision for loan losses (31,000 ) 74,000 0 43,000 Charge-offs (30,000 ) 0 0 (30,000 ) Recoveries 0 9,000 0 9,000 Ending balance $ 561,000 $ 260,000 $ 0 $ 821,000 Allowance for loan losses: Balance at December 31, 2014 $ 681,000 $ 61,000 $ 0 $ 742,000 Provision for loan losses (90,000 ) 191,000 0 101,000 Charge-offs (31,000 ) (7,000 ) 0 (38,000 ) Recoveries 1,000 15,000 0 16,000 Ending balance $ 561,000 $ 260,000 $ 0 $ 821,000 In accordance with acquisition accounting rules, acquired loans were recorded at fair value at the Merger Date and the prior allowance was eliminated. Activity in the allowance for loan losses and the recorded investments in originated loans as of and during the three and six months ended June 30, 2014 are as follows: Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Balance at March 31, 2014 $ 19,001,000 $ 1,957,000 $ (4,000 ) $ 20,954,000 Provision for loan losses (334,000 ) (345,000 ) (21,000 ) (700,000 ) Charge-offs (98,000 ) (5,000 ) 0 (103,000 ) Recoveries 538,000 167,000 0 705,000 Ending balance $ 19,107,000 $ 1,774,000 $ (25,000 ) $ 20,856,000 Allowance for loan losses: Balance at December 31, 2013 $ 20,455,000 $ 2,358,000 $ 8,000 $ 22,821,000 Provision for loan losses (1,788,000 ) (779,000 ) (33,000 ) (2,600,000 ) Charge-offs (684,000 ) (7,000 ) 0 (691,000 ) Recoveries 1,124,000 202,000 0 1,326,000 Ending balance $ 19,107,000 $ 1,774,000 $ (25,000 ) $ 20,856,000 Ending balance: individually evaluated for impairment $ 9,440,000 $ 922,000 $ 0 $ 10,362,000 Ending balance: collectively evaluated for impairment $ 9,667,000 $ 852,000 $ (25,000 ) $ 10,494,000 Total loans: Ending balance $ 1,076,609,000 $ 68,488,000 $ 1,145,097,000 Ending balance: individually evaluated for impairment $ |
Note 5 - Premises and Equipment
Note 5 - Premises and Equipment, Net | 6 Months Ended |
Jun. 30, 2015 | |
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: June 30, December 31, 2015 2014 Land and improvements $ 16,579,000 $ 16,579,000 Buildings 39,166,000 38,761,000 Furniture and equipment 16,795,000 16,622,000 72,540,000 71,962,000 Less: accumulated depreciation 24,638,000 23,150,000 Premises and equipment, net $ 47,902,000 $ 48,812,000 Depreciation expense totaled $0.8 million during the second quarter of 2015, compared to $0.5 million during the second quarter of 2014. Depreciation expense totaled $1.5 million during the first six months of 2015, compared to $0.8 million during the first six months of 2014. |
Note 6 - Deposits
Note 6 - Deposits | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block [Abstract] | |
Deposit Liabilities Disclosures [Text Block] | 6. DEPOSITS Our total deposits at June 30, 2015 totaled $2.28 billion, an increase of $1.9 million, or 0.1%, from December 31, 2014. The components of our outstanding balances at June 30, 2015 and December 31, 2014, and percentage change in deposits from the end of 2014 to the end of the second quarter of 2015, are as follows: Percent June 30, 2015 December 31, 2014 Increase Balance % Balance % (Decrease) Noninterest-bearing checking $ 612,222,000 26.9 % $ 558,738,000 24.5 % 9.6 % Interest-bearing checking 393,933,000 17.3 413,382,000 18.2 (4.7 ) Money market 272,225,000 12.0 235,587,000 10.3 15.6 Savings 347,292,000 15.2 330,459,000 14.5 5.1 Time, under $100,000 170,104,000 7.5 181,026,000 8.0 (6.0 ) Time, $100,000 and over 347,148,000 15.2 382,120,000 16.8 (9.2 ) 2,142,924,000 94.1 2,101,312,000 92.3 2.0 Out-of-area time, under $100,000 842,000 <0.1 2,422,000 0.1 (65.2 ) Out-of-area time, $100,000 and over 135,028,000 5.9 173,181,000 7.6 (22.0 ) 135,870,000 5.9 175,603,000 7.7 (22.6 ) Total deposits $ 2,278,794,000 100.0 % $ 2,276,915,000 100.0 % 0.1 % |
Note 7 - Securities Sold Under
Note 7 - Securities Sold Under Agreements to Repurchase | 6 Months Ended |
Jun. 30, 2015 | |
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: Six Months Ended Twelve Months Ended June 30, 2015 December 31, 2014 Outstanding balance at end of period $ 152,081,000 $ 167,569,000 Average interest rate at end of period 0.10 % 0.11 % Average daily balance during the period $ 144,598,000 $ 105,474,000 Average interest rate during the period 0.10 % 0.12 % Maximum daily balance during the period $ 168,211,000 $ 178,042,000 Repurchase agreements generally have maturities of one business day. 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 of Indianapolis Advances | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block [Abstract] | |
Federal Home Loan Bank Advances, Disclosure [Text Block] | 8. FEDERAL HOME LOAN BANK OF INDIANAPOLIS ADVANCES Federal Home Loan Bank of Indianapolis (“FHLBI”) advances totaled $48.0 million at June 30, 2015, and mature at varying dates from December 2016 through September 2017, with fixed rates of interest from 1.22% to 1.51% and averaging 1.33%. FHLBI advances totaled $54.0 million at December 31, 2014, and were expected to mature at varying dates ranging from January 2015 through September 2017, with fixed rates of interest from 0.62% to 1.51% and averaging 1.26%. 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 June 30, 2015 totaled about $531 million, with availability based on collateral approximating $483 million. Maturities of currently outstanding FHLBI advances are as follows: 2015 $ 0 2016 3,000,000 2017 45,000,000 2018 0 2019 0 |
Note 9 - Commitments and Off-ba
Note 9 - Commitments and Off-balance Sheet Risk | 6 Months Ended |
Jun. 30, 2015 | |
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 June 30, 2015 and December 31, 2014. A summary of the contractual amounts of our financial instruments with off-balance sheet risk at June 30, 2015 and December 31, 2014 follows: June 30, December 31, 2015 2014 Commercial unused lines of credit $ 487,753,000 $ 554,856,000 Unused lines of credit secured by 1 – 4 family residential properties 60,911,000 60,983,000 Credit card unused lines of credit 12,911,000 11,649,000 Other consumer unused lines of credit 7,321,000 8,673,000 Commitments to make loans 243,013,000 110,126,000 Standby letters of credit 34,774,000 35,461,000 $ 846,683,000 $ 781,748,000 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 June 30, 2015, the total notional amount of the underlying interest rate swap agreements was $15.0 million, with a net fair value from our commercial loan customers’ perspective of negative $2.3 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 | 6 Months Ended |
Jun. 30, 2015 | |
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 June 30, 2015 and December 31, 2014, the fair value of the interest rate swap agreement was recorded as a liability in the amount of $0.4 million and $0.3 million, respectively. |
Note 11 - Fair Values of Financ
Note 11 - Fair Values of Financial Instruments | 6 Months Ended |
Jun. 30, 2015 | |
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 June 30, 2015 and December 31, 2014 (dollars in thousands): Level in June 30, 2015 December 31, 2014 Fair Value Carrying Fair Carrying Fair Hierarchy Values Values Values Values Financial assets: Cash Level 1 $ 14,608 $ 14,608 $ 13,261 $ 13,261 Cash equivalents Level 2 123,823 123,823 159,477 159,477 Securities available for sale (1) 373,446 373,446 432,912 432,912 FHLBI stock (2) 7,567 7,567 13,699 13,699 Loans, net Level 3 2,152,874 2,153,142 2,067,662 2,062,566 Loans held for sale Level 2 2,397 2,397 1,574 1,574 Bank owned life insurance Level 2 58,409 58,409 57,861 57,861 Accrued interest receivable Level 2 7,822 7,822 8,033 8,033 Financial liabilities: Deposits Level 2 2,278,794 2,246,661 2,276,915 2,254,749 Repurchase agreements Level 2 152,081 152,081 167,569 167,569 FHLBI advances Level 2 48,000 48,371 54,022 54,720 Subordinated debentures Level 2 54,813 54,813 54,472 54,508 Accrued interest payable Level 2 1,740 1,740 1,942 1,942 Interest rate swap (1) 379 379 253 253 (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 FHLBI 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 FHLBI 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 | 6 Months Ended |
Jun. 30, 2015 | |
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. Derivatives Mortgage loans held for sale Loans Foreclosed Assets. 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 June 30, 2015 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 $ 161,708,000 $ 0 $ 161,708,000 $ 0 Mortgage-backed securities 79,841,000 0 79,841,000 0 Municipal general obligation bonds 119,811,000 0 111,022,000 8,789,000 Municipal revenue bonds 10,149,000 0 10,149,000 0 Other investments 1,937,000 0 1,937,000 0 Interest rate swap (379,000 ) 0 (379,000 ) 0 Total $ 373,067,000 $ 0 $ 364,278,000 $ 8,789,000 There were no transfers in or out of Level 1, Level 2 or Level 3 during the first six months of 2015. The balances of assets and liabilities measured at fair value on a recurring basis as of December 31, 2014 are as follows: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Available for sale securities U.S. Government agency debt obligations $ 193,468,000 $ 0 $ 193,468,000 $ 0 Mortgage-backed securities 93,561,000 0 93,561,000 0 Municipal general obligation bonds 133,082,000 0 122,801,000 10,281,000 Municipal revenue bonds 10,873,000 0 10,873,000 0 Other investments 1,928,000 0 1,928,000 0 Interest rate swap (253,000 ) 0 (253,000 ) 0 Total $ 432,659,000 $ 0 $ 422,378,000 $ 10,281,000 There were no transfers in or out of Level 1, Level 2 or Level 3 during 2014. Assets and Liabilities Measured at Fair Value on a Nonr ecurring Basis The balances of assets and liabilities measured at fair value on a nonrecurring basis as of June 30, 2015 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) $ 9,623,000 $ 0 $ 0 $ 9,623,000 Foreclosed assets (1) 2,033,000 0 0 2,033,000 Total $ 11,656,000 $ 0 $ 0 $ 11,656,000 The balances of assets and liabilities measured at fair value on a nonrecurring basis as of December 31, 2014 are as follows: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Impaired loans (1) $ 17,097,000 $ 0 $ 0 $ 17,097,000 Foreclosed assets (1) 1,995,000 0 0 1,995,000 Total $ 19,092,000 $ 0 $ 0 $ 19,092,000 (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 | 6 Months Ended |
Jun. 30, 2015 | |
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 June 30, 2015 and December 31, 2014, our bank was in the well capitalized category under the regulatory framework for prompt corrective action. There are no conditions or events since June 30, 2015 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 June 30, 2015 Total capital (to risk weighted assets) Consolidated $ 341,865 13.6 % $ 200,721 8.0 % $ NA NA Bank 345,719 13.8 200,822 8.0 251,028 10.0 % Tier 1 capital (to risk weighted assets) Consolidated 325,304 13.0 150,541 6.0 NA NA Bank 329,158 13.1 150,617 6.0 200,822 8.0 Common equity tier 1 (to risk weighted assets) Consolidated 274,601 10.9 112,997 4.5 NA NA Bank 329,158 13.1 112,963 4.5 163,168 6.5 Tier 1 capital (to average assets) Consolidated 325,304 11.6 112,364 4.0 NA NA Bank 329,158 11.7 112,487 4.0 140,608 5.0 Minimum Required to be Well Minimum Required Capitalized Under for Capital Prompt Corrective Actual Adequacy Purposes Action Regulations Amount Ratio Amount Ratio Amount Ratio December 31, 2014 Total capital (to risk weighted assets) Consolidated $ 334,793 14.4 % $ 185,553 8.0 % $ NA NA Bank 332,749 14.4 185,309 8.0 231,636 10.0 % Tier 1 capital (to risk weighted assets) Consolidated 314,752 13.6 92,777 4.0 NA NA Bank 312,708 13.5 92,655 4.0 138,982 6.0 Tier 1 capital (to average assets) Consolidated 314,752 11.2 112,949 4.0 NA NA Bank 312,708 11.1 112,856 4.0 141,070 5.0 Our consolidated capital levels as of June 30, 2015 and December 31, 2014 include $52.7 million and $52.4 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 June 30, 2015 and December 31, 2014, all $52.7 million and $52.4 million, respectively, of the trust preferred securities were included in our consolidated Tier 1 capital. Our regulatory capital calculations and the minimum requirements to be categorized as well capitalized and adequately capitalized under the prompt corrective action regulations were impacted by BASEL III, which became effective January 1, 2015 and are included in the June 30, 2015 table above. The net impact on our regulatory capital ratios and our overall capital position was not material. 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 15, 2015, our Board of Directors declared a cash dividend on our common stock in the amount of $0.14 per share that was paid on March 25, 2015 to shareholders of record as of March 13, 2015. On April 16, 2015, our Board of Directors declared a cash dividend on our common stock in the amount of $0.14 per share that was paid on June 24, 2015 to shareholders of record as of June 12, 2015. On July 16, 2015, our Board of Directors declared a cash dividend on our common stock in the amount of $0.15 per share that will be paid on September 23, 2015 to shareholders of record as of September 11, 2015. In addition, on January 30, 2015, we announced that our Board of Directors had authorized a new program to repurchase up to $20.0 million of our common stock from time to time in open market transactions at prevailing market prices or by other means in accordance with applicable regulations. We expect to fund a majority of such repurchases from cash dividends paid to us from our Bank. During the first six months of 2015, we purchased approximately 463,000 shares of common stock at an average price of $19.67, totaling about $9.1 million, under the stock repurchase program. The purchased shares were retired effective on the acquisition date. |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 6 Months Ended |
Jun. 30, 2015 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation 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 Approximately 100,000 unvested restricted shares were included in determining both basic and diluted earnings per share for the three and six months ended June 30, 2015. In addition, stock options for approximately 108,000 shares of common stock were included in determining diluted earnings per share for the three and six months ended June 30, 2015. Stock options for approximately 91,000 shares of common stock were antidilutive and not included in determining diluted earnings per share for the three and six months ended June 30, 2015. Stock options for approximately 159,000 shares of common stock were included in determining diluted earnings per share for the three and six months ended June 30, 2014. Stock options for approximately 177,000 shares of common stock were antidilutive and not included in determining diluted earnings per share for the three and six months ended June 30, 2014. |
Marketable Securities, Policy [Policy Text Block] | Securities Interest income includes amortization of purchase premiums and accretion of discounts. Premiums and discounts on securities are amortized or accreted on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Declines in the fair value of debt securities below their amortized cost that are other than temporary (“OTTI”) are reflected in earnings or other comprehensive income, as appropriate. For those debt securities whose fair value is less than their amortized cost, we 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 whether we expect to recover the entire amortized cost of the security based on our assessment of the issuer’s financial condition. In analyzing an issuer’s financial condition, we consider whether the securities are issued by the federal government or its agencies, and whether downgrades by bond rating agencies have occurred. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement, and 2) OTTI related to other factors, such as liquidity conditions in the market or changes in market interest rates, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost. |
Finance, Loan and Lease Receivables, Held-for-investment, Policy [Policy Text Block] | Loans 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. |
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block] | Loans Held for Sale 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 $594 million as of June 30, 2015. |
Loans and Leases Receivable, Mortgage Banking Activities, Policy [Policy Text Block] | Mortgage Banking Activities Servicing fee income is recorded for fees earned for serving mortgage 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 loan servicing rights is netted against mortgage loan servicing income and recorded in mortgage banking activities in the income statement. |
Loans and Leases Receivable, Troubled Debt Restructuring Policy [Policy Text Block] | Troubled Debt Restructurings 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. |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | Allowance for Loan Losses 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. |
Derivatives, Policy [Policy Text Block] | Derivatives 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 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: Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers In June 2014, the FASB issued ASU 2014-11, Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures In August 2014, the FASB issued ASU 2014-14, Classification of Certain Government-Guaranteed Mortgage Loans Upon Foreclosure |
Note 2 - Business Combination (
Note 2 - Business Combination (Tables) | 6 Months Ended |
Jun. 30, 2014 | |
Business Combinations [Abstract] | |
Business Acquisition, Pro Forma Information [Table Text Block] | Three Months Six Months Ended Ended June 30, 2014 June 30, 2014 Net interest income $ 24,051,000 $ 47,934,000 Noninterest expense 19,698,000 39,716,000 Net income 5,708,000 11,965,000 Net income per diluted share 0.34 0.71 |
Note 3 - Securities (Tables)
Note 3 - Securities (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
Available-for-sale Securities [Table Text Block] | Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value June 30, 2015 U.S. Government agency debt obligations $ 162,342,000 $ 1,702,000 $ (2,336,000 ) $ 161,708,000 Mortgage-backed securities 79,018,000 1,083,000 (260,000 ) 79,841,000 Municipal general obligation bonds 119,609,000 824,000 (622,000 ) 119,811,000 Municipal revenue bonds 10,051,000 102,000 (4,000 ) 10,149,000 Other investments 1,940,000 0 (3,000 ) 1,937,000 $ 372,960,000 $ 3,711,000 $ (3,225,000 ) $ 373,446,000 December 31, 2014 U.S. Government agency debt obligations $ 194,894,000 $ 1,612,000 $ (3,038,000 ) $ 193,468,000 Mortgage-backed securities 92,656,000 1,123,000 (218,000 ) 93,561,000 Municipal general obligation bonds 132,347,000 1,042,000 (307,000 ) 133,082,000 Municipal revenue bonds 10,769,000 117,000 (13,000 ) 10,873,000 Other investments 1,925,000 3,000 0 1,928,000 $ 432,591,000 $ 3,897,000 $ (3,576,000 ) $ 432,912,000 |
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 June 30, 2015 U.S. Government agency debt obligations $ 2,986,000 $ 13,000 $ 74,876,000 $ 2,323,000 $ 77,862,000 $ 2,336,000 Mortgage-backed securities 6,048,000 33,000 19,822,000 227,000 25,870,000 260,000 Municipal general obligation bonds 9,001,000 164,000 65,947,000 458,000 74,948,000 622,000 Municipal revenue bonds 0 0 2,305,000 4,000 2,305,000 4,000 Other investments 1,431,000 3,000 0 0 1,431,000 3,000 $ 19,466,000 $ 213,000 $ 162,950,000 $ 3,012,000 $ 182,416,000 $ 3,225,000 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss December 31, 2014 U.S. Government agency debt obligations $ 81,891,000 $ 202,000 $ 74,120,000 $ 2,836,000 $ 156,011,000 $ 3,038,000 Mortgage-backed securities 49,940,000 218,000 0 0 49,940,000 218,000 Municipal general obligation bonds 54,104,000 307,000 0 0 54,104,000 307,000 Municipal revenue bonds 4,644,000 13,000 0 0 4,644,000 13,000 Other investments 0 0 0 0 0 0 $ 190,579,000 $ 740,000 $ 74,120,000 $ 2,836,000 $ 264,699,000 $ 3,576,000 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Weighted Average Amortized Fair Yield Cost Value Due in 2015 0.88 % $ 6,702,000 $ 6,707,000 Due in 2016 through 2020 1.42 135,850,000 135,897,000 Due in 2021 through 2025 3.13 65,615,000 65,485,000 Due in 2026 and beyond 3.55 83,835,000 83,579,000 Mortgage-backed securities 1.68 79,018,000 79,841,000 Other investments 2.52 1,940,000 1,937,000 2.18 % $ 372,960,000 $ 373,446,000 |
Note 4 - Loans and Allowance 25
Note 4 - Loans and Allowance for Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items] | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Percent June 30, 2015 December 31, 2014 Increase Balance % Balance % (Decrease) Originated loans Commercial: Commercial and industrial $ 487,440,000 34.1 % $ 384,570,000 30.8 % 26.7 % Vacant land, land development, and residential construction 28,853,000 2.0 29,826,000 2.4 (3.3 ) Real estate – owner occupied 297,694,000 20.8 291,758,000 23.4 2.0 Real estate – non-owner occupied 469,433,000 32.9 410,977,000 33.0 14.2 Real estate – multi-family and residential rental 38,968,000 2.7 36,058,000 2.9 8.1 Total commercial 1,322,388,000 92.5 1,153,189,000 92.5 14.7 Retail: Home equity and other 60,417,000 4.2 50,059,000 4.0 20.7 1-4 family mortgages 46,818,000 3.3 42,868,000 3.5 9.2 Total retail 107,235,000 7.5 92,927,000 7.5 15.4 Total originated loans $ 1,429,623,000 100.0 % $ 1,246,116,000 100.0 % 14.7 % Percent June 30, 2015 December 31, 2014 Increase Balance % Balance % (Decrease) Acquired loans Commercial: Commercial and industrial $ 134,633,000 18.1 % $ 166,037,000 19.7 (18.9% ) Vacant land, land development, and residential construction 18,769,000 2.5 22,148,000 2.6 (15.3 ) Real estate – owner occupied 124,660,000 16.8 138,630,000 16.4 (10.1 ) Real estate – non-owner occupied 134,291,000 18.1 148,597,000 17.6 (9.6 ) Real estate – multi-family and residential rental 85,690,000 11.6 86,702,000 10.3 (1.2 ) Total commercial 498,043,000 67.1 562,114,000 66.6 (11.4 ) Retail: Home equity and other 89,077,000 12.0 109,219,000 13.0 (18.4 ) 1-4 family mortgages 155,089,000 20.9 171,828,000 20.4 (9.7 ) Total retail 244,166,000 32.9 281,047,000 33.4 (13.1 ) Total acquired loans $ 742,209,000 100.0 % $ 843,161,000 100.0 % (12.0% ) Percent June 30, 2015 December 31, 2014 Increase Balance % Balance % (Decrease) Total loans Commercial: Commercial and industrial $ 622,073,000 28.7 % $ 550,607,000 26.4 % 13.0 % Vacant land, land development, and residential construction 47,622,000 2.2 51,974,000 2.5 (8.4 ) Real estate – owner occupied 422,354,000 19.4 430,388,000 20.5 (1.9 ) Real estate – non-owner occupied 603,724,000 27.8 559,574,000 26.8 7.9 Real estate – multi-family and residential rental 124,658,000 5.7 122,760,000 5.9 1.5 Total commercial 1,820,431,000 83.8 1,715,303,000 82.1 6.1 Retail: Home equity and other 149,494,000 6.9 159,278,000 7.6 (6.1 ) 1-4 family mortgages 201,907,000 9.3 214,696,000 10.3 (6.0 ) Total retail 351,401,000 16.2 373,974,000 17.9 (6.0 ) Total loans $ 2,171,832,000 100.0 % $ 2,089,277,000 100.0 % 4.0 % |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Accretable Yield Movement [Table Text Block] | Balance at March 31, 2015 $ 5,241,000 Additions 0 Accretion income (681,000 ) Net reclassification from nonaccretable to accretable 708,000 Reductions (1) (153,000 ) Ending balance $ 5,115,000 Balance at December 31, 2014 $ 4,998,000 Additions 0 Accretion income (1,327,000 ) Net reclassification from nonaccretable to accretable 1,649,000 Reductions (1) (205,000 ) Ending balance $ 5,115,000 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | June 30, December 31, 2015 2014 Loans past due 90 days or more still accruing interest $ 0 $ 0 Nonaccrual loans 2,893,000 26,048,000 Total nonperforming originated loans $ 2,893,000 $ 26,048,000 June 30, December 31, 2015 2014 Loans past due 90 days or more still accruing interest $ 0 $ 26,000 Nonaccrual loans 5,210,000 3,358,000 Total nonperforming acquired loans $ 5,210,000 $ 3,384,000 June 30, December 31, 2015 2014 Commercial: Commercial and industrial $ 278,000 $ 6,478,000 Vacant land, land development, and residential construction 183,000 209,000 Real estate – owner occupied 2,558,000 18,062,000 Real estate – non-owner occupied 246,000 378,000 Real estate – multi-family and residential rental 2,580,000 106,000 Total commercial 5,845,000 25,233,000 Retail: Home equity and other 749,000 800,000 1-4 family mortgages 1,509,000 3,399,000 Total retail 2,258,000 4,199,000 Total nonperforming loans $ 8,103,000 $ 29,432,000 |
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 $ 487,440,000 $ 487,440,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 28,853,000 28,853,000 0 Real estate – owner occupied 0 1,182,000 20,000 1,202,000 296,492,000 297,694,000 0 Real estate – non-owner occupied 0 0 0 0 469,433,000 469,433,000 0 Real estate – multi-family and residential rental 0 0 0 0 38,968,000 38,968,000 0 Total commercial 0 1,182,000 20,000 1,202,000 1,321,186,000 1,322,388,000 0 Retail: Home equity and other 64,000 0 0 64,000 60,353,000 60,417,000 0 1-4 family mortgages 0 73,000 312,000 385,000 46,433,000 46,818,000 0 Total retail 64,000 73,000 312,000 449,000 106,786,000 107,235,000 0 Total past due loans $ 64,000 $ 1,255,000 $ 332,000 $ 1,651,000 $ 1,427,972,000 $ 1,429,623,000 $ 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 $ 135,000 $ 0 $ 755,000 $ 890,000 $ 133,743,000 $ 134,633,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 18,769,000 18,769,000 0 Real estate – owner occupied 76,000 18,000 825,000 919,000 123,741,000 124,660,000 0 Real estate – non-owner occupied 85,000 0 246,000 331,000 133,960,000 134,291,000 0 Real estate – multi-family and residential rental 14,000 2,476,000 162,000 2,652,000 83,038,000 85,690,000 0 Total commercial 310,000 2,494,000 1,988,000 4,792,000 493,251,000 498,043,000 0 Retail: Home equity and other 198,000 33,000 162,000 393,000 88,684,000 89,077,000 0 1-4 family mortgages 929,000 136,000 530,000 1,595,000 153,494,000 155,089,000 0 Total retail 1,127,000 169,000 692,000 1,988,000 242,178,000 244,166,000 0 Total past due loans $ 1,437,000 $ 2,663,000 $ 2,680,000 $ 6,780,000 $ 735,429,000 $ 742,209,000 $ 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 Originated loans Commercial: Commercial and industrial $ 0 $ 0 $ 0 $ 0 $ 384,570,000 $ 384,570,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 29,826,000 29,826,000 0 Real estate – owner occupied 0 0 120,000 120,000 291,638,000 291,758,000 0 Real estate – non-owner occupied 0 0 116,000 116,000 410,861,000 410,977,000 0 Real estate – multi-family and residential rental 0 0 0 0 36,058,000 36,058,000 0 Total commercial 0 0 236,000 236,000 1,152,953,000 1,153,189,000 0 Retail: Home equity and other 38,000 3,000 0 41,000 50,018,000 50,059,000 0 1-4 family mortgages 0 0 366,000 366,000 42,502,000 42,868,000 0 Total retail 38,000 3,000 366,000 407,000 92,520,000 92,927,000 0 Total past due loans $ 38,000 $ 3,000 $ 602,000 $ 643,000 $ 1,245,473,000 $ 1,246,116,000 $ 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 $ 29,000 $ 32,000 $ 76,000 $ 137,000 $ 165,900,000 $ 166,037,000 $ 0 Vacant land, land development, and residential construction 0 38,000 0 38,000 22,110,000 22,148,000 0 Real estate – owner occupied 51,000 425,000 1,625,000 2,101,000 136,529,000 138,630,000 0 Real estate – non-owner occupied 68,000 598,000 395,000 1,061,000 147,536,000 148,597,000 0 Real estate – multi-family and residential rental 37,000 0 105,000 142,000 86,560,000 86,702,000 0 Total commercial 185,000 1,093,000 2,201,000 3,479,000 558,635,000 562,114,000 0 Retail: Home equity and other 445,000 419,000 155,000 1,019,000 108,200,000 109,219,000 26,000 1-4 family mortgages 1,087,000 408,000 750,000 2,245,000 169,583,000 171,828,000 0 Total retail 1,532,000 827,000 905,000 3,264,000 277,783,000 281,047,000 26,000 Total past due loans $ 1,717,000 $ 1,920,000 $ 3,106,000 $ 6,743,000 $ 836,418,000 $ 843,161,000 $ 26,000 |
Impaired Financing Receivables [Table Text Block] | Second 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 $ 1,923,000 $ 1,923,000 $ 1,930,000 $ 1,674,000 Vacant land, land development and residential construction 0 0 98,000 135,000 Real estate – owner occupied 312,000 124,000 1,062,000 1,342,000 Real estate – non-owner occupied 5,761,000 5,761,000 2,937,000 2,362,000 Real estate – multi-family and residential rental 360,000 302,000 306,000 309,000 Total commercial 8,356,000 8,110,000 6,333,000 5,822,000 Retail: Home equity and other 206,000 188,000 189,000 190,000 1-4 family mortgages 1,309,000 697,000 615,000 597,000 Total retail 1,515,000 885,000 804,000 787,000 Total with no related allowance recorded $ 9,871,000 $ 8,995,000 $ 7,137,000 $ 6,609,000 Second 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 $ 513,000 $ 460,000 $ 436,000 $ 2,812,000 $ 3,617,000 Vacant land, land development and residential construction 2,530,000 2,184,000 376,000 2,092,000 2,061,000 Real estate – owner occupied 6,646,000 2,094,000 637,000 8,806,000 11,095,000 Real estate – non-owner occupied 4,955,000 4,955,000 206,000 10,319,000 12,195,000 Real estate – multi-family and residential rental 1,305,000 1,305,000 492,000 1,321,000 1,338,000 Total commercial 15,949,000 10,998,000 2,147,000 25,350,000 30,306,000 Retail: Home equity and other 198,000 163,000 126,000 165,000 138,000 1-4 family mortgages 165,000 132,000 51,000 217,000 811,000 Total retail 363,000 295,000 177,000 382,000 949,000 Total with an allowance recorded $ 16,312,000 $ 11,293,000 $ 2,324,000 $ 25,732,000 $ 31,255,000 Total impaired loans: Commercial $ 24,305,000 $ 19,108,000 $ 2,147,000 $ 31,683,000 $ 36,128,000 Retail 1,878,000 1,180,000 177,000 1,186,000 1,736,000 Total impaired loans $ 26,183,000 $ 20,288,000 $ 2,324,000 $ 32,869,000 $ 37,864,000 Second 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 $ 1,565,000 $ 1,532,000 $ 1,244,000 $ 1,356,000 Vacant land, land development and residential construction 0 0 0 0 Real estate – owner occupied 492,000 429,000 317,000 249,000 Real estate – non-owner occupied 586,000 545,000 427,000 393,000 Real estate – multi-family and residential rental 3,152,000 3,133,000 2,037,000 1,520,000 Total commercial 5,795,000 5,639,000 4,025,000 3,518,000 Retail: Home equity and other 485,000 361,000 365,000 456,000 1-4 family mortgages 803,000 680,000 801,000 823,000 Total retail 1,288,000 1,041,000 1,166,000 1,279,000 Total with no related allowance recorded $ 7,083,000 $ 6,680,000 $ 5,191,000 $ 4,797,000 Second 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 $ 80,000 $ 80,000 $ 9,000 $ 97,000 $ 65,000 Vacant land, land development and residential construction 0 0 0 0 0 Real estate – owner occupied 1,177,000 1,086,000 561,000 1,256,000 1,338,000 Real estate – non-owner occupied 0 0 0 0 0 Real estate – multi-family and residential rental 26,000 27,000 1,000 28,000 19,000 Total commercial 1,283,000 1,193,000 571,000 1,381,000 1,422,000 Retail: Home equity and other 0 0 0 0 0 1-4 family mortgages 342,000 282,000 13,000 283,000 189,000 Total retail 342,000 282,000 13,000 283,000 189,000 Total with an allowance recorded $ 1,625,000 $ 1,475,000 $ 584,000 $ 1,664,000 $ 1,611,000 Total impaired loans: Commercial $ 7,078,000 $ 6,832,000 $ 571,000 $ 5,406,000 $ 4,940,000 Retail 1,630,000 1,323,000 13,000 1,449,000 1,468,000 Total impaired loans $ 8,708,000 $ 8,155,000 $ 584,000 $ 6,855,000 $ 6,408,000 Second 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 $ 1,170,000 $ 1,164,000 $ 169,000 $ 283,000 Vacant land, land development and residential construction 540,000 209,000 171,000 235,000 Real estate – owner occupied 3,609,000 1,901,000 662,000 703,000 Real estate – non-owner occupied 1,210,000 1,210,000 1,169,000 1,024,000 Real estate – multi-family and residential rental 375,000 317,000 1,000 1,000 Total commercial 6,904,000 4,801,000 2,172,000 2,246,000 Retail: Home equity and other 207,000 191,000 647,000 585,000 1-4 family mortgages 1,144,000 560,000 585,000 606,000 Total retail 1,351,000 751,000 1,232,000 1,191,000 Total with no related allowance recorded $ 8,255,000 $ 5,552,000 $ 3,404,000 $ 3,437,000 Second 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 $ 5,299,000 $ 5,226,000 $ 1,578,000 $ 882,000 $ 1,068,000 Vacant land, land development and residential construction 2,000,000 2,000,000 151,000 3,604,000 3,782,000 Real estate – owner occupied 15,745,000 15,674,000 2,200,000 1,974,000 1,820,000 Real estate – non-owner occupied 16,033,000 15,949,000 4,779,000 18,591,000 19,418,000 Real estate – multi-family and residential rental 1,371,000 1,371,000 666,000 1,319,000 1,774,000 Total commercial 40,448,000 40,220,000 9,374,000 26,370,000 27,862,000 Retail: Home equity and other 115,000 84,000 84,000 91,000 157,000 1-4 family mortgages 2,194,000 2,000,000 694,000 2,136,000 2,168,000 Total retail 2,309,000 2,084,000 778,000 2,227,000 2,325,000 Total with an allowance recorded $ 42,757,000 $ 42,304,000 $ 10,152,000 $ 28,597,000 $ 30,187,000 Total impaired loans: Commercial $ 47,352,000 $ 45,021,000 $ 9,374,000 $ 28,542,000 $ 30,108,000 Retail 3,660,000 2,835,000 778,000 3,459,000 3,516,000 Total impaired loans $ 51,012,000 $ 47,856,000 $ 10,152,000 $ 32,001,000 $ 33,624,000 Second 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 $ 1,586,000 $ 1,579,000 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 0 Real estate – owner occupied 113,000 113,000 0 0 Real estate – non-owner occupied 326,000 326,000 0 0 Real estate – multi-family and residential rental 487,000 487,000 0 0 Total commercial 2,512,000 2,505,000 0 0 Retail: Home equity and other 641,000 639,000 0 0 1-4 family mortgages 866,000 866,000 0 0 Total retail 1,507,000 1,505,000 0 0 Total with no related allowance recorded $ 4,019,000 $ 4,010,000 $ 0 $ 0 Second 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 $ 0 $ 0 $ 0 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 0 0 Real estate – owner occupied 1,516,000 1,502,000 605,000 0 0 Real estate – non-owner occupied 0 0 0 0 0 Real estate – multi-family and residential rental 0 0 0 0 0 Total commercial 1,516,000 1,502,000 605,000 0 0 Retail: Home equity and other 0 0 0 0 0 1-4 family mortgages 0 0 0 0 0 Total retail 0 0 0 0 0 Total with an allowance recorded $ 1,516,000 $ 1,502,000 $ 605,000 $ 0 $ 0 Total impaired loans: Commercial $ 4,028,000 $ 4,007,000 $ 605,000 $ 0 $ 0 Retail 1,507,000 1,505,000 0 0 0 Total impaired loans $ 5,535,000 $ 5,512,000 $ 605,000 $ 0 $ 0 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Commercial Commercial Vacant Land, Commercial Commercial Real Estate - Commercial Land Development, Real Estate - Real Estate - Multi-Family and Residential Owner Non-Owner and Residential Industrial Construction Occupied Occupied Rental Internal credit risk grade groupings: Grades 1 – 4 $ 348,542,000 $ 15,243,000 $ 211,066,000 $ 342,030,000 $ 16,044,000 Grades 5 – 7 136,948,000 11,426,000 83,907,000 121,726,000 21,619,000 Grades 8 – 9 1,950,000 2,184,000 2,721,000 5,677,000 1,305,000 Total commercial $ 487,440,000 $ 28,853,000 $ 297,694,000 $ 469,433,000 $ 38,968,000 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 Internal credit risk grade groupings: Grades 1 – 4 $ 59,441,000 $ 5,382,000 $ 44,922,000 $ 67,258,000 $ 41,488,000 Grades 5 – 7 71,999,000 12,177,000 73,383,000 63,716,000 40,329,000 Grades 8 – 9 3,193,000 1,210,000 6,355,000 3,317,000 3,873,000 Total commercial $ 134,633,000 $ 18,769,000 $ 124,660,000 $ 134,291,000 $ 85,690,000 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 Internal credit risk grade groupings: Grades 1 – 4 $ 266,631,000 $ 11,242,000 $ 190,656,000 $ 285,035,000 $ 12,394,000 Grades 5 – 7 109,639,000 16,375,000 83,123,000 113,982,000 22,282,000 Grades 8 – 9 8,300,000 2,209,000 17,979,000 11,960,000 1,382,000 Total commercial $ 384,570,000 $ 29,826,000 $ 291,758,000 $ 410,977,000 $ 36,058,000 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 Internal credit risk grade groupings: Grades 1 – 4 $ 72,411,000 $ 5,875,000 $ 39,496,000 $ 65,886,000 $ 35,858,000 Grades 5 – 7 90,320,000 14,472,000 92,212,000 78,103,000 49,781,000 Grades 8 – 9 3,306,000 1,801,000 6,922,000 4,608,000 1,063,000 Total commercial $ 166,037,000 $ 22,148,000 $ 138,630,000 $ 148,597,000 $ 86,702,000 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Balance at March 31, 2015 $ 18,977,000 $ 1,235,000 $ 39,000 $ 20,251,000 Provision for loan losses (1,151,000 ) 513,000 (5,000 ) (643,000 ) Charge-offs (4,199,000 ) (154,000 ) 0 (4,353,000 ) Recoveries 365,000 120,000 0 485,000 Ending balance $ 13,992,000 $ 1,714,000 $ 34,000 $ 15,740,000 Allowance for loan losses: Balance at December 31, 2014 $ 17,736,000 $ 1,487,000 $ 76,000 $ 19,299,000 Provision for loan losses (1,651,000 ) 592,000 (42,000 ) (1,101,000 ) Charge-offs (4,277,000 ) (517,000 ) 0 (4,794,000 ) Recoveries 2,184,000 152,000 0 2,336,000 Ending balance $ 13,992,000 $ 1,714,000 $ 34,000 $ 15,740,000 Ending balance: individually evaluated for impairment $ 2,146,000 $ 178,000 $ 0 $ 2,324,000 Ending balance: collectively evaluated for impairment $ 11,846,000 $ 1,536,000 $ 34,000 $ 13,416,000 Total loans: Ending balance $ 1,322,388,000 $ 107,235,000 $ 1,429,623,000 Ending balance: individually evaluated for impairment $ 19,108,000 $ 1,180,000 $ 20,288,000 Ending balance: collectively evaluated for impairment $ 1,303,280,000 $ 106,055,000 $ 1,409,335,000 Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Balance at March 31, 2015 $ 622,000 $ 177,000 $ 0 $ 799,000 Provision for loan losses (31,000 ) 74,000 0 43,000 Charge-offs (30,000 ) 0 0 (30,000 ) Recoveries 0 9,000 0 9,000 Ending balance $ 561,000 $ 260,000 $ 0 $ 821,000 Allowance for loan losses: Balance at December 31, 2014 $ 681,000 $ 61,000 $ 0 $ 742,000 Provision for loan losses (90,000 ) 191,000 0 101,000 Charge-offs (31,000 ) (7,000 ) 0 (38,000 ) Recoveries 1,000 15,000 0 16,000 Ending balance $ 561,000 $ 260,000 $ 0 $ 821,000 Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Balance at March 31, 2014 $ 19,001,000 $ 1,957,000 $ (4,000 ) $ 20,954,000 Provision for loan losses (334,000 ) (345,000 ) (21,000 ) (700,000 ) Charge-offs (98,000 ) (5,000 ) 0 (103,000 ) Recoveries 538,000 167,000 0 705,000 Ending balance $ 19,107,000 $ 1,774,000 $ (25,000 ) $ 20,856,000 Allowance for loan losses: Balance at December 31, 2013 $ 20,455,000 $ 2,358,000 $ 8,000 $ 22,821,000 Provision for loan losses (1,788,000 ) (779,000 ) (33,000 ) (2,600,000 ) Charge-offs (684,000 ) (7,000 ) 0 (691,000 ) Recoveries 1,124,000 202,000 0 1,326,000 Ending balance $ 19,107,000 $ 1,774,000 $ (25,000 ) $ 20,856,000 Ending balance: individually evaluated for impairment $ 9,440,000 $ 922,000 $ 0 $ 10,362,000 Ending balance: collectively evaluated for impairment $ 9,667,000 $ 852,000 $ (25,000 ) $ 10,494,000 Total loans: Ending balance $ 1,076,609,000 $ 68,488,000 $ 1,145,097,000 Ending balance: individually evaluated for impairment $ 27,199,000 $ 3,405,000 $ 30,604,000 Ending balance: collectively evaluated for impairment $ 1,049,410,000 $ 65,083,000 $ 1,114,493,000 |
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 4 $ 1,308,000 $ 1,308,000 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 originated commercial 4 1,308,000 1,308,000 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 $ 1,308,000 $ 1,308,000 Acquired loans Commercial: Commercial and industrial 2 $ 286,000 $ 286,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 3 119,000 119,000 Real estate – non-owner occupied 1 302,000 302,000 Real estate – multi-family and residential rental 3 265,000 265,000 Total acquired commercial 9 972,000 972,000 Retail: Home equity and other 1 161,000 161,000 1-4 family mortgages 0 0 0 Total acquired retail 1 161,000 161,000 Total acquired loans 10 $ 1,133,000 $ 1,133,000 Pre- Post- Modification Modification Recorded Recorded Number of Principal Principal Contracts Balance Balance Originated loans Commercial: Commercial and industrial 10 $ 1,876,000 $ 1,901,000 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 originated commercial 10 1,876,000 1,901,000 Retail: Home equity and other 0 0 0 1-4 family mortgages 0 0 0 Total originated retail 0 0 0 Total originated loans 10 $ 1,876,000 $ 1,901,000 Acquired loans Commercial: Commercial and industrial 2 $ 286,000 $ 286,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 5 169,000 169,000 Real estate – non-owner occupied 1 302,000 302,000 Real estate – multi-family and residential rental 3 265,000 265,000 Total acquired commercial 11 1,022,000 1,022,000 Retail: Home equity and other 1 161,000 161,000 1-4 family mortgages 0 0 0 Total acquired retail 1 161,000 161,000 Total acquired loans 12 $ 1,183,000 $ 1,183,000 Pre- Post- Modification Modification Recorded Recorded Number of Principal Principal Contracts Balance Balance Originated loans Commercial: Commercial and industrial 0 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 1 996,000 996,000 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total originated commercial 1 996,000 996,000 Retail: Home equity and other 0 0 0 1-4 family mortgages 0 0 0 Total originated retail 0 0 0 Total originated loans 1 $ 996,000 $ 996,000 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 Originated loans Commercial: Commercial and industrial 1 $ 14,000 $ 14,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 1 996,000 996,000 Real estate – non-owner occupied 1 146,000 146,000 Real estate – multi-family and residential rental 0 0 0 Total originated commercial 3 1,156,000 1,156,000 Retail: Home equity and other 0 0 0 1-4 family mortgages 0 0 0 Total originated retail 0 0 0 Total originated loans 3 $ 1,156,000 $ 1,156,000 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 |
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 1 1,182,000 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 1 1,182,000 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 1 $ 1,182,000 Recorded Number of Principal Contracts Balance Commercial: Commercial and industrial 0 $ 0 Vacant land, land development and residential construction 0 0 Real estate – owner occupied 1 1,182,000 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 1 1,182,000 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 1 $ 1,182,000 Recorded Number of Principal Contracts Balance Commercial: Commercial and industrial 0 $ 0 Vacant land, land development and residential construction 0 0 Real estate – owner occupied 1 18,000 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 1 18,000 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 1 $ 18,000 Recorded Number of Principal Contracts Balance Commercial: Commercial and industrial 0 $ 0 Vacant land, land development and residential construction 0 0 Real estate – owner occupied 1 18,000 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 1 18,000 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 1 $ 18,000 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 $ 6,556,000 $ 2,654,000 $ 16,966,000 $ 16,063,000 $ 498,000 Charge-Offs 0 0 (4,198,000 ) 0 0 Payments (5,380,000 ) (22,000 ) (10,550,000 ) (4,981,000 ) (7,000 ) Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 1,266,000 0 0 0 0 Ending Balance $ 2,442,000 $ 2,632,000 $ 2,218,000 $ 11,082,000 $ 491,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Retail Loan Portfolio: Beginning Balance $ 0 $ 302,000 Charge-Offs 0 (23,000 ) Payments 0 (9,000 ) Transfers to ORE 0 0 Net Additions/Deletions 0 0 Ending Balance $ 0 $ 270,000 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 $ 1,519,000 $ 0 $ 1,492,000 $ 62,000 $ 333,000 Charge-Offs 0 0 (31,000 ) 0 0 Payments (275,000 ) 0 (292,000 ) 0 (6,000 ) Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 277,000 0 181,000 299,000 253,000 Ending Balance $ 1,521,000 $ 0 $ 1,350,000 $ 361,000 $ 580,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Retail Loan Portfolio: Beginning Balance $ 0 $ 177,000 Charge-Offs 0 0 Payments 0 0 Transfers to ORE 0 0 Net Additions/Deletions 152,000 0 Ending Balance $ 152,000 $ 177,000 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 $ 7,026,000 $ 2,680,000 $ 17,160,000 $ 17,439,000 $ 505,000 Charge-Offs 0 0 (4,198,000 ) 0 0 Payments (6,535,000 ) (48,000 ) (10,744,000 ) (6,357,000 ) (14,000 ) Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 1,951,000 0 0 0 0 Ending Balance $ 2,442,000 $ 2,632,000 $ 2,218,000 $ 11,082,000 $ 491,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Retail Loan Portfolio: Beginning Balance $ 0 $ 1,967,000 Charge-Offs 0 (148,000 ) Payments 0 (1,549,000 ) Transfers to ORE 0 0 Net Additions/Deletions 0 0 Ending Balance $ 0 $ 270,000 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 $ 1,439,000 $ 0 $ 1,569,000 $ 64,000 $ 381,000 Charge-Offs 0 0 (31,000 ) 0 0 Payments (275,000 ) 0 (471,000 ) (2,000 ) (54,000 ) Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 357,000 0 283,000 299,000 253,000 Ending Balance $ 1,521,000 $ 0 $ 1,350,000 $ 361,000 $ 580,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Retail Loan Portfolio: Beginning Balance $ 26,000 $ 178,000 Charge-Offs 0 0 Payments (26,000 ) (1,000 ) Transfers to ORE 0 0 Net Additions/Deletions 152,000 0 Ending Balance $ 152,000 $ 177,000 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 $ 1,404,000 $ 4,250,000 $ 1,756,000 $ 21,629,000 $ 732,000 Charge-Offs (67,000 ) 0 0 0 0 Payments (161,000 ) (464,000 ) (42,000 ) (2,966,000 ) (13,000 ) Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 0 0 997,000 0 0 Ending Balance $ 1,176,000 $ 3,786,000 $ 2,711,000 $ 18,663,000 $ 719,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Retail Loan Portfolio: Beginning Balance $ 0 $ 2,122,000 Charge-Offs 0 0 Payments 0 (45,000 ) Transfers to ORE 0 0 Net Additions/Deletions 0 0 Ending Balance $ 0 $ 2,077,000 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 (427,000 ) (3,613,000 ) (90,000 ) (3,967,000 ) (1,481,000 ) Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 14,000 2,898,000 996,000 319,000 0 Ending Balance $ 1,176,000 $ 3,786,000 $ 2,711,000 $ 18,663,000 $ 719,000 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 (114,000 ) Transfers to ORE 0 0 Net Additions/Deletions 0 0 Ending Balance $ 0 $ 2,077,000 |
Allowance Related to Loans Categorized as Troubled Debt Restructurings [Table Text Block] | June 30, December 31, 2015 2014 Commercial: Commercial and industrial $ 252,000 $ 16,000 Vacant land, land development, and residential construction 288,000 151,000 Real estate – owner occupied 120,000 182,000 Real estate – non-owner occupied 206,000 4,778,000 Real estate – multi-family and residential rental 492,000 666,000 Total commercial 1,358,000 5,793,000 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total related allowance $ 1,358,000 $ 5,793,000 |
Retail Portfolio Segment [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 $ 60,417,000 $ 46,818,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 89,077,000 $ 155,089,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 50,059,000 $ 42,868,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 109,219,000 $ 171,828,000 |
Note 5 - Premises and Equipme26
Note 5 - Premises and Equipment, Net (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment [Table Text Block] | June 30, December 31, 2015 2014 Land and improvements $ 16,579,000 $ 16,579,000 Buildings 39,166,000 38,761,000 Furniture and equipment 16,795,000 16,622,000 72,540,000 71,962,000 Less: accumulated depreciation 24,638,000 23,150,000 Premises and equipment, net $ 47,902,000 $ 48,812,000 |
Note 6 - Deposits (Tables)
Note 6 - Deposits (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block [Abstract] | |
Summary of Deposits and Percentage Change in Deposits [Table Text Block] | Percent June 30, 2015 December 31, 2014 Increase Balance % Balance % (Decrease) Noninterest-bearing checking $ 612,222,000 26.9 % $ 558,738,000 24.5 % 9.6 % Interest-bearing checking 393,933,000 17.3 413,382,000 18.2 (4.7 ) Money market 272,225,000 12.0 235,587,000 10.3 15.6 Savings 347,292,000 15.2 330,459,000 14.5 5.1 Time, under $100,000 170,104,000 7.5 181,026,000 8.0 (6.0 ) Time, $100,000 and over 347,148,000 15.2 382,120,000 16.8 (9.2 ) 2,142,924,000 94.1 2,101,312,000 92.3 2.0 Out-of-area time, under $100,000 842,000 <0.1 2,422,000 0.1 (65.2 ) Out-of-area time, $100,000 and over 135,028,000 5.9 173,181,000 7.6 (22.0 ) 135,870,000 5.9 175,603,000 7.7 (22.6 ) Total deposits $ 2,278,794,000 100.0 % $ 2,276,915,000 100.0 % 0.1 % |
Note 7 - Securities Sold Unde28
Note 7 - Securities Sold Under Agreements to Repurchase (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block [Abstract] | |
Schedule of Repurchase Agreements [Table Text Block] | Six Months Ended Twelve Months Ended June 30, 2015 December 31, 2014 Outstanding balance at end of period $ 152,081,000 $ 167,569,000 Average interest rate at end of period 0.10 % 0.11 % Average daily balance during the period $ 144,598,000 $ 105,474,000 Average interest rate during the period 0.10 % 0.12 % Maximum daily balance during the period $ 168,211,000 $ 178,042,000 |
Note 8 - Federal Home Loan Ba29
Note 8 - Federal Home Loan Bank of Indianapolis Advances (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block [Abstract] | |
Maturities of Currently Outstanding FHLB Advances [Table Text Block] | 2015 $ 0 2016 3,000,000 2017 45,000,000 2018 0 2019 0 |
Note 9 - Commitments and Off-30
Note 9 - Commitments and Off-balance Sheet Risk (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block Supplement [Abstract] | |
Summary of Contractual Amounts of Financial Instruments with Off-balance Sheet Risk [Table Text Block] | June 30, December 31, 2015 2014 Commercial unused lines of credit $ 487,753,000 $ 554,856,000 Unused lines of credit secured by 1 – 4 family residential properties 60,911,000 60,983,000 Credit card unused lines of credit 12,911,000 11,649,000 Other consumer unused lines of credit 7,321,000 8,673,000 Commitments to make loans 243,013,000 110,126,000 Standby letters of credit 34,774,000 35,461,000 $ 846,683,000 $ 781,748,000 |
Note 11 - Fair Values of Fina31
Note 11 - Fair Values of Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Level in June 30, 2015 December 31, 2014 Fair Value Carrying Fair Carrying Fair Hierarchy Values Values Values Values Financial assets: Cash Level 1 $ 14,608 $ 14,608 $ 13,261 $ 13,261 Cash equivalents Level 2 123,823 123,823 159,477 159,477 Securities available for sale (1) 373,446 373,446 432,912 432,912 FHLBI stock (2) 7,567 7,567 13,699 13,699 Loans, net Level 3 2,152,874 2,153,142 2,067,662 2,062,566 Loans held for sale Level 2 2,397 2,397 1,574 1,574 Bank owned life insurance Level 2 58,409 58,409 57,861 57,861 Accrued interest receivable Level 2 7,822 7,822 8,033 8,033 Financial liabilities: Deposits Level 2 2,278,794 2,246,661 2,276,915 2,254,749 Repurchase agreements Level 2 152,081 152,081 167,569 167,569 FHLBI advances Level 2 48,000 48,371 54,022 54,720 Subordinated debentures Level 2 54,813 54,813 54,472 54,508 Accrued interest payable Level 2 1,740 1,740 1,942 1,942 Interest rate swap (1) 379 379 253 253 |
Note 12 - Fair Values (Tables)
Note 12 - Fair Values (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
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 $ 161,708,000 $ 0 $ 161,708,000 $ 0 Mortgage-backed securities 79,841,000 0 79,841,000 0 Municipal general obligation bonds 119,811,000 0 111,022,000 8,789,000 Municipal revenue bonds 10,149,000 0 10,149,000 0 Other investments 1,937,000 0 1,937,000 0 Interest rate swap (379,000 ) 0 (379,000 ) 0 Total $ 373,067,000 $ 0 $ 364,278,000 $ 8,789,000 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 $ 193,468,000 $ 0 $ 193,468,000 $ 0 Mortgage-backed securities 93,561,000 0 93,561,000 0 Municipal general obligation bonds 133,082,000 0 122,801,000 10,281,000 Municipal revenue bonds 10,873,000 0 10,873,000 0 Other investments 1,928,000 0 1,928,000 0 Interest rate swap (253,000 ) 0 (253,000 ) 0 Total $ 432,659,000 $ 0 $ 422,378,000 $ 10,281,000 |
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) $ 9,623,000 $ 0 $ 0 $ 9,623,000 Foreclosed assets (1) 2,033,000 0 0 2,033,000 Total $ 11,656,000 $ 0 $ 0 $ 11,656,000 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) $ 17,097,000 $ 0 $ 0 $ 17,097,000 Foreclosed assets (1) 1,995,000 0 0 1,995,000 Total $ 19,092,000 $ 0 $ 0 $ 19,092,000 |
Note 13 - Regulatory Matters (T
Note 13 - Regulatory Matters (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
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 June 30, 2015 Total capital (to risk weighted assets) Consolidated $ 341,865 13.6 % $ 200,721 8.0 % $ NA NA Bank 345,719 13.8 200,822 8.0 251,028 10.0 % Tier 1 capital (to risk weighted assets) Consolidated 325,304 13.0 150,541 6.0 NA NA Bank 329,158 13.1 150,617 6.0 200,822 8.0 Common equity tier 1 (to risk weighted assets) Consolidated 274,601 10.9 112,997 4.5 NA NA Bank 329,158 13.1 112,963 4.5 163,168 6.5 Tier 1 capital (to average assets) Consolidated 325,304 11.6 112,364 4.0 NA NA Bank 329,158 11.7 112,487 4.0 140,608 5.0 Minimum Required to be Well Minimum Required Capitalized Under for Capital Prompt Corrective Actual Adequacy Purposes Action Regulations Amount Ratio Amount Ratio Amount Ratio December 31, 2014 Total capital (to risk weighted assets) Consolidated $ 334,793 14.4 % $ 185,553 8.0 % $ NA NA Bank 332,749 14.4 185,309 8.0 231,636 10.0 % Tier 1 capital (to risk weighted assets) Consolidated 314,752 13.6 92,777 4.0 NA NA Bank 312,708 13.5 92,655 4.0 138,982 6.0 Tier 1 capital (to average assets) Consolidated 314,752 11.2 112,949 4.0 NA NA Bank 312,708 11.1 112,856 4.0 141,070 5.0 |
Note 1 - Significant Accounti34
Note 1 - Significant Accounting Policies (Details) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015USD ($)shares | Jun. 30, 2014shares | Jun. 30, 2015USD ($)shares | Jun. 30, 2014shares | Dec. 31, 2014USD ($) | |
Note 1 - Significant Accounting Policies (Details) [Line Items] | |||||
Number of Second-Tier Subsidiaries | 2 | ||||
Number of Unconsolidated Business Trusts Formed to Issue Trust Preferred Securities | 5 | 5 | |||
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 | ||||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Mortgage (in Dollars) | $ | $ 2.4 | $ 2.4 | $ 1.6 | ||
Mortgage Loans [Member] | |||||
Note 1 - Significant Accounting Policies (Details) [Line Items] | |||||
Servicing Asset (in Dollars) | $ | $ 594 | $ 594 | |||
Restricted Stock [Member] | |||||
Note 1 - Significant Accounting Policies (Details) [Line Items] | |||||
Incremental Common Shares Attributable to Participating Nonvested Shares with Non-forfeitable Dividend Rights | 100,000 | 100,000 | |||
Employee Stock Option [Member] | |||||
Note 1 - Significant Accounting Policies (Details) [Line Items] | |||||
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 108,000 | 159,000 | 108,000 | 159,000 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 91,000 | 177,000 | 91,000 | 177,000 | |
Core Deposits [Member] | |||||
Note 1 - Significant Accounting Policies (Details) [Line Items] | |||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 10 years |
Note 2 - Business Combination35
Note 2 - Business Combination (Details) | Jun. 01, 2014USD ($)shares | Jun. 30, 2015USD ($) | Dec. 31, 2014USD ($) |
Note 2 - Business Combination (Details) [Line Items] | |||
Goodwill | $ 49,473,000 | $ 49,473,000 | |
Firstbank Corporation [Member] | |||
Note 2 - Business Combination (Details) [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | $ 1,500,000,000 | ||
Business Combination, Branches Acquired | 46 | ||
Business Acquisition, Conversion of Stock Per Share (in Shares) | shares | 1 | ||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | shares | 8,087,272 | ||
Goodwill | $ 49,500,000 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt | $ 36,100,000 | ||
Business Combination, Debt Assumed, Number of Trusts | 4 | ||
Firstbank Corporation [Member] | Estimate of Fair Value Measurement [Member] | |||
Note 2 - Business Combination (Details) [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt | $ 21,100,000 | ||
Minimum [Member] | Firstbank Corporation [Member] | Acquired Trusts [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||
Note 2 - Business Combination (Details) [Line Items] | |||
Debt Instrument, Basis Spread on Variable Rate | 1.27% | ||
Maximum [Member] | Firstbank Corporation [Member] | Acquired Trusts [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||
Note 2 - Business Combination (Details) [Line Items] | |||
Debt Instrument, Basis Spread on Variable Rate | 1.99% |
Note 2 - Business Combination36
Note 2 - Business Combination (Details) - Pro Forma Information - Jun. 30, 2014 - USD ($) | Total | Total |
Note 2 - Business Combination (Details) - Pro Forma Information [Line Items] | ||
Net interest income | $ 47,934,000 | |
Noninterest expense | 39,716,000 | |
Net income | $ 11,965,000 | |
Net income per diluted share (in Dollars per share) | $ 0.71 | |
Firstbank Corporation [Member] | ||
Note 2 - Business Combination (Details) - Pro Forma Information [Line Items] | ||
Net interest income | $ 24,051,000 | |
Noninterest expense | 19,698,000 | |
Net income | $ 5,708,000 | |
Net income per diluted share (in Dollars per share) | $ 0.34 |
Note 3 - Securities (Details)
Note 3 - Securities (Details) | 6 Months Ended | ||
Jun. 30, 2015USD ($) | Dec. 31, 2014USD ($) | ||
Note 3 - Securities (Details) [Line Items] | |||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | $ 182,416,000 | $ 264,699,000 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 3,225,000 | 3,576,000 | |
Available-for-sale Debt Securities, Amortized Cost Basis | 372,960,000 | ||
Available-for-sale Securities | [1] | $ 373,446,000 | 432,912,000 |
Debt Securities [Member] | |||
Note 3 - Securities (Details) [Line Items] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 316 | ||
Mutual Funds [Member] | |||
Note 3 - Securities (Details) [Line Items] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | ||
State of Michigan and all its Political Subdivisions [Member] | |||
Note 3 - Securities (Details) [Line Items] | |||
Available-for-sale Debt Securities, Amortized Cost Basis | $ 103,100,000 | 113,100,000 | |
Available-for-sale Securities | 103,000,000 | 113,900,000 | |
All Other States and Their Political Subdivisions [Member] | |||
Note 3 - Securities (Details) [Line Items] | |||
Available-for-sale Debt Securities, Amortized Cost Basis | 26,600,000 | 30,000,000 | |
Available-for-sale Securities | $ 27,000,000 | 30,000,000 | |
Securities Other Than U.S. Government Agencies and the State of Michigan and Political Subdivisions [Member] | Stockholders' Equity, Total [Member] | Securities Issued Concentration Risk [Member] | |||
Note 3 - Securities (Details) [Line Items] | |||
Concentration Risk, Percentage | 10.00% | ||
U.S. Government Agency Debt Obligations and Mortgage-Backed Securities [Member] | |||
Note 3 - Securities (Details) [Line Items] | |||
Available-for-sale Securities, Restricted | $ 152,100,000 | $ 167,600,000 | |
[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) -
Note 3 - Securities (Details) - Available-for-sale Securities - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | |
Schedule of Available-for-sale Securities [Line Items] | |||
Securities available for sale, amortized cost | $ 372,960,000 | $ 432,591,000 | |
Securities available for sale, gross unrealized gains | 3,711,000 | 3,897,000 | |
Securities available for sale, gross unrealized losses | (3,225,000) | (3,576,000) | |
Securities available for sale | [1] | 373,446,000 | 432,912,000 |
US Government Agencies Debt Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Securities available for sale, amortized cost | 162,342,000 | 194,894,000 | |
Securities available for sale, gross unrealized gains | 1,702,000 | 1,612,000 | |
Securities available for sale, gross unrealized losses | (2,336,000) | (3,038,000) | |
Securities available for sale | 161,708,000 | 193,468,000 | |
Collateralized Mortgage Backed Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Securities available for sale, amortized cost | 79,018,000 | 92,656,000 | |
Securities available for sale, gross unrealized gains | 1,083,000 | 1,123,000 | |
Securities available for sale, gross unrealized losses | (260,000) | (218,000) | |
Securities available for sale | 79,841,000 | 93,561,000 | |
Municipal General Obligation Bonds [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Securities available for sale, amortized cost | 119,609,000 | 132,347,000 | |
Securities available for sale, gross unrealized gains | 824,000 | 1,042,000 | |
Securities available for sale, gross unrealized losses | (622,000) | (307,000) | |
Securities available for sale | 119,811,000 | 133,082,000 | |
Municipal Revenue Bonds [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Securities available for sale, amortized cost | 10,051,000 | 10,769,000 | |
Securities available for sale, gross unrealized gains | 102,000 | 117,000 | |
Securities available for sale, gross unrealized losses | (4,000) | (13,000) | |
Securities available for sale | 10,149,000 | 10,873,000 | |
Other Debt Obligations [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Securities available for sale, amortized cost | 1,940,000 | 1,925,000 | |
Securities available for sale, gross unrealized gains | 0 | 3,000 | |
Securities available for sale, gross unrealized losses | (3,000) | 0 | |
Securities available for sale | $ 1,937,000 | $ 1,928,000 | |
[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)39
Note 3 - Securities (Details) - Securities in a Continuous Loss Position - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Note 3 - Securities (Details) - Securities in a Continuous Loss Position [Line Items] | ||
Securities available for sale, continuous unrealized loss position, less than 12 months | $ 19,466,000 | $ 190,579,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 213,000 | 740,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 162,950,000 | 74,120,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 3,012,000 | 2,836,000 |
Securities available for sale, continuous unrealized loss position | 182,416,000 | 264,699,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 3,225,000 | 3,576,000 |
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 | 2,986,000 | 81,891,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 13,000 | 202,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 74,876,000 | 74,120,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 2,323,000 | 2,836,000 |
Securities available for sale, continuous unrealized loss position | 77,862,000 | 156,011,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 2,336,000 | 3,038,000 |
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 | 6,048,000 | 49,940,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 33,000 | 218,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 19,822,000 | 0 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 227,000 | 0 |
Securities available for sale, continuous unrealized loss position | 25,870,000 | 49,940,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 260,000 | 218,000 |
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 | 9,001,000 | 54,104,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 164,000 | 307,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 65,947,000 | 0 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 458,000 | 0 |
Securities available for sale, continuous unrealized loss position | 74,948,000 | 54,104,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 622,000 | 307,000 |
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 | 0 | 4,644,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 0 | 13,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 2,305,000 | 0 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 4,000 | 0 |
Securities available for sale, continuous unrealized loss position | 2,305,000 | 4,644,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 4,000 | 13,000 |
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 | 1,431,000 | 0 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 3,000 | 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 | 1,431,000 | 0 |
Securities available for sale, continuous unrealized loss position, unrealized loss | $ 3,000 | $ 0 |
Note 3 - Securities (Details)40
Note 3 - Securities (Details) - Debt Securities by Maturity - Jun. 30, 2015 - USD ($) | Total |
Note 3 - Securities (Details) - Debt Securities by Maturity [Line Items] | |
Due in 2015 | 0.88% |
Due in 2015 | $ 6,702,000 |
Due in 2015 | $ 6,707,000 |
Due in 2016 through 2020 | 1.42% |
Due in 2016 through 2020 | $ 135,850,000 |
Due in 2016 through 2020 | $ 135,897,000 |
Due in 2021 through 2025 | 3.13% |
Due in 2021 through 2025 | $ 65,615,000 |
Due in 2021 through 2025 | $ 65,485,000 |
Due in 2026 and beyond | 3.55% |
Due in 2026 and beyond | $ 83,835,000 |
Due in 2026 and beyond | $ 83,579,000 |
2.18% | |
$ 372,960,000 | |
$ 373,446,000 | |
Collateralized Mortgage Backed Securities [Member] | |
Note 3 - Securities (Details) - Debt Securities by Maturity [Line Items] | |
No single maturity, weighted average yield | 1.68% |
No single maturity, amortized cost | $ 79,018,000 |
No single maturity, fair value | $ 79,841,000 |
Other Debt Obligations [Member] | |
Note 3 - Securities (Details) - Debt Securities by Maturity [Line Items] | |
No single maturity, weighted average yield | 2.52% |
No single maturity, amortized cost | $ 1,940,000 |
No single maturity, fair value | $ 1,937,000 |
Note 4 - Loans and Allowance 41
Note 4 - Loans and Allowance for Loan Losses (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Receivables [Abstract] | |||||
Loans and Leases Receivable, Net of Deferred Income | $ 2,171,832,000 | $ 2,171,832,000 | $ 2,089,277,000 | ||
Loans and Leases Receivable, Period Increase (Decrease) | $ 82,600,000 | ||||
Loans and Leases Receivable, Percentage, Period Increase (Decrease) | 4.00% | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance | 29,400,000 | $ 29,400,000 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 15,900,000 | 15,900,000 | |||
Impaired Financing Receivable, Interest Income, Accrual Method | 400,000 | $ 400,000 | 800,000 | $ 800,000 | |
Loans and Leases Receivable, Nonaccrual Loans, Interest Income Recognized | $ 0 | $ 0 | $ 0 | $ 0 | |
Minimum Number of Days Past Due at Period End for Loans Modified as Troubled Debt Restructurings | 30 days |
Note 4 - Loans and Allowance 42
Note 4 - Loans and Allowance for Loan Losses (Details) - Components of Loan Portfolio - USD ($) | 6 Months Ended | ||
Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 2,171,832,000 | $ 2,089,277,000 | |
Loans, percentage of portfolio | 100.00% | 100.00% | |
Loans, percentage of change in loans | 4.00% | ||
Originated Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 1,429,623,000 | $ 1,246,116,000 | $ 1,145,097,000 |
Loans, percentage of portfolio | 100.00% | 100.00% | |
Loans, percentage of change in loans | 14.70% | ||
Acquired Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 742,209,000 | $ 843,161,000 | |
Loans, percentage of portfolio | 100.00% | 100.00% | |
Loans, percentage of change in loans | (12.00%) | ||
Commercial Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 1,820,431,000 | $ 1,715,303,000 | |
Loans, percentage of portfolio | 83.80% | 82.10% | |
Loans, percentage of change in loans | 6.10% | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 622,073,000 | $ 550,607,000 | |
Loans, percentage of portfolio | 28.70% | 26.40% | |
Loans, percentage of change in loans | 13.00% | ||
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 47,622,000 | $ 51,974,000 | |
Loans, percentage of portfolio | 2.20% | 2.50% | |
Loans, percentage of change in loans | (8.40%) | ||
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 422,354,000 | $ 430,388,000 | |
Loans, percentage of portfolio | 19.40% | 20.50% | |
Loans, percentage of change in loans | (1.90%) | ||
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 603,724,000 | $ 559,574,000 | |
Loans, percentage of portfolio | 27.80% | 26.80% | |
Loans, percentage of change in loans | 7.90% | ||
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 124,658,000 | $ 122,760,000 | |
Loans, percentage of portfolio | 5.70% | 5.90% | |
Loans, percentage of change in loans | 1.50% | ||
Commercial Portfolio Segment [Member] | Originated Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 1,322,388,000 | $ 1,153,189,000 | 1,076,609,000 |
Loans, percentage of portfolio | 92.50% | 92.50% | |
Loans, percentage of change in loans | 14.70% | ||
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 487,440,000 | $ 384,570,000 | |
Loans, percentage of portfolio | 34.10% | 30.80% | |
Loans, percentage of change in loans | 26.70% | ||
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 28,853,000 | $ 29,826,000 | |
Loans, percentage of portfolio | 2.00% | 2.40% | |
Loans, percentage of change in loans | (3.30%) | ||
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 297,694,000 | $ 291,758,000 | |
Loans, percentage of portfolio | 20.80% | 23.40% | |
Loans, percentage of change in loans | 2.00% | ||
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 469,433,000 | $ 410,977,000 | |
Loans, percentage of portfolio | 32.90% | 33.00% | |
Loans, percentage of change in loans | 14.20% | ||
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Retail Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 38,968,000 | $ 36,058,000 | |
Loans, percentage of portfolio | 2.70% | 2.90% | |
Loans, percentage of change in loans | 8.10% | ||
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 38,968,000 | $ 36,058,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 498,043,000 | $ 562,114,000 | |
Loans, percentage of portfolio | 67.10% | 66.60% | |
Loans, percentage of change in loans | (11.40%) | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 134,633,000 | $ 166,037,000 | |
Loans, percentage of portfolio | 18.10% | 19.70% | |
Loans, percentage of change in loans | (18.90%) | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 18,769,000 | $ 22,148,000 | |
Loans, percentage of portfolio | 2.50% | 2.60% | |
Loans, percentage of change in loans | (15.30%) | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 124,660,000 | $ 138,630,000 | |
Loans, percentage of portfolio | 16.80% | 16.40% | |
Loans, percentage of change in loans | (10.10%) | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 134,291,000 | $ 148,597,000 | |
Loans, percentage of portfolio | 18.10% | 17.60% | |
Loans, percentage of change in loans | (9.60%) | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 85,690,000 | $ 86,702,000 | |
Loans, percentage of portfolio | 11.60% | 10.30% | |
Loans, percentage of change in loans | (1.20%) | ||
Retail Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 351,401,000 | $ 373,974,000 | |
Loans, percentage of portfolio | 16.20% | 17.90% | |
Loans, percentage of change in loans | (6.00%) | ||
Retail Portfolio Segment [Member] | Home Equity and Other [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 149,494,000 | $ 159,278,000 | |
Loans, percentage of portfolio | 6.90% | 7.60% | |
Loans, percentage of change in loans | (6.10%) | ||
Retail Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 201,907,000 | $ 214,696,000 | |
Loans, percentage of portfolio | 9.30% | 10.30% | |
Loans, percentage of change in loans | (6.00%) | ||
Retail Portfolio Segment [Member] | Originated Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 107,235,000 | $ 92,927,000 | $ 68,488,000 |
Loans, percentage of portfolio | 7.50% | 7.50% | |
Loans, percentage of change in loans | 15.40% | ||
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 60,417,000 | $ 50,059,000 | |
Loans, percentage of portfolio | 4.20% | 4.00% | |
Loans, percentage of change in loans | 20.70% | ||
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 46,818,000 | $ 42,868,000 | |
Loans, percentage of portfolio | 3.30% | 3.50% | |
Loans, percentage of change in loans | 9.20% | ||
Retail Portfolio Segment [Member] | Acquired Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 244,166,000 | $ 281,047,000 | |
Loans, percentage of portfolio | 32.90% | 33.40% | |
Loans, percentage of change in loans | (13.10%) | ||
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 89,077,000 | $ 109,219,000 | |
Loans, percentage of portfolio | 12.00% | 13.00% | |
Loans, percentage of change in loans | (18.40%) | ||
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans (in Dollars) | $ 155,089,000 | $ 171,828,000 | |
Loans, percentage of portfolio | 20.90% | 20.40% | |
Loans, percentage of change in loans | (9.70%) |
Note 4 - Loans and Allowance 43
Note 4 - Loans and Allowance for Loan Losses (Details) - Acquired Impaired Loans Accretable Yield - Jun. 30, 2015 - USD ($) | Total | Total | |
Acquired Impaired Loans Accretable Yield [Abstract] | |||
Beginning balance | $ 5,241,000 | $ 4,998,000 | |
Ending balance | 5,115,000 | 5,115,000 | |
Additions | 0 | 0 | |
Accretion income | (681,000) | (1,327,000) | |
Net reclassification from nonaccretable to accretable | 708,000 | 1,649,000 | |
Reductions | [1] | $ (153,000) | $ (205,000) |
[1] | Reductions primarily reflect the result of exit events, including loan payoffs and charge-offs. |
Note 4 - Loans and Allowance 44
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Nonperforming Financial Instruments [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Nonperforming loans | $ 8,103,000 | $ 29,432,000 |
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 |
Originated Loan [Member] | Nonperforming Financial Instruments [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 | 2,893,000 | 26,048,000 |
Nonperforming loans | 2,893,000 | 26,048,000 |
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 | 0 | 26,000 |
Acquired Loan [Member] | Nonperforming Financial Instruments [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 | 26,000 |
Nonaccrual loans | 5,210,000 | 3,358,000 |
Nonperforming loans | 5,210,000 | 3,384,000 |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Nonperforming loans | 5,845,000 | 25,233,000 |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Commercial and Industrial [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Nonperforming loans | 278,000 | 6,478,000 |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Nonperforming loans | 183,000 | 209,000 |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Real Estate Owner Occupied Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Nonperforming loans | 2,558,000 | 18,062,000 |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Nonperforming loans | 246,000 | 378,000 |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Nonperforming loans | 2,580,000 | 106,000 |
Commercial Portfolio Segment [Member] | 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 |
Commercial Portfolio Segment [Member] | 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 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | 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 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | 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 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | 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 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | 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 |
Commercial Portfolio Segment [Member] | 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 | 0 | 0 |
Commercial Portfolio Segment [Member] | 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 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | 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 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | 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 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | 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 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | 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 |
Retail Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Nonperforming loans | 2,258,000 | 4,199,000 |
Retail Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Home Equity and Other [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Nonperforming loans | 749,000 | 800,000 |
Retail Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | 1-4 Family Mortgages [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Nonperforming loans | 1,509,000 | 3,399,000 |
Retail Portfolio Segment [Member] | 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 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 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 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 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 |
Retail Portfolio Segment [Member] | 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 | 0 | 26,000 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 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 | 26,000 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 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 |
Note 4 - Loans and Allowance 45
Note 4 - Loans and Allowance for Loan Losses (Details) - Age Analysis of Past Due Loans - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans | $ 2,171,832,000 | $ 2,089,277,000 | |
Originated Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 1,651,000 | 643,000 | |
Loans, current | 1,427,972,000 | 1,245,473,000 | |
Loans | 1,429,623,000 | 1,246,116,000 | $ 1,145,097,000 |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Originated Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 64,000 | 38,000 | |
Originated Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 1,255,000 | 3,000 | |
Originated Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 332,000 | 602,000 | |
Acquired Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 6,780,000 | 6,743,000 | |
Loans, current | 735,429,000 | 836,418,000 | |
Loans | 742,209,000 | 843,161,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 26,000 | |
Acquired Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 1,437,000 | 1,717,000 | |
Acquired Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 2,663,000 | 1,920,000 | |
Acquired Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 2,680,000 | 3,106,000 | |
Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans | 1,820,431,000 | 1,715,303,000 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans | 622,073,000 | 550,607,000 | |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans | 47,622,000 | 51,974,000 | |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans | 422,354,000 | 430,388,000 | |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans | 603,724,000 | 559,574,000 | |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans | 124,658,000 | 122,760,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 1,202,000 | 236,000 | |
Loans, current | 1,321,186,000 | 1,152,953,000 | |
Loans | 1,322,388,000 | 1,153,189,000 | 1,076,609,000 |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 1,182,000 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 20,000 | 236,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Loans, current | 487,440,000 | 384,570,000 | |
Loans | 487,440,000 | 384,570,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Loans, current | 28,853,000 | 29,826,000 | |
Loans | 28,853,000 | 29,826,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 1,202,000 | 120,000 | |
Loans, current | 296,492,000 | 291,638,000 | |
Loans | 297,694,000 | 291,758,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 1,182,000 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 20,000 | 120,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 116,000 | |
Loans, current | 469,433,000 | 410,861,000 | |
Loans | 469,433,000 | 410,977,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 116,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Loans, current | 38,968,000 | 36,058,000 | |
Loans | 38,968,000 | 36,058,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 4,792,000 | 3,479,000 | |
Loans, current | 493,251,000 | 558,635,000 | |
Loans | 498,043,000 | 562,114,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 310,000 | 185,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 2,494,000 | 1,093,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 1,988,000 | 2,201,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 890,000 | 137,000 | |
Loans, current | 133,743,000 | 165,900,000 | |
Loans | 134,633,000 | 166,037,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 135,000 | 29,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 32,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 755,000 | 76,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 38,000 | |
Loans, current | 18,769,000 | 22,110,000 | |
Loans | 18,769,000 | 22,148,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 38,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 919,000 | 2,101,000 | |
Loans, current | 123,741,000 | 136,529,000 | |
Loans | 124,660,000 | 138,630,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 76,000 | 51,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 18,000 | 425,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 825,000 | 1,625,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 331,000 | 1,061,000 | |
Loans, current | 133,960,000 | 147,536,000 | |
Loans | 134,291,000 | 148,597,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 85,000 | 68,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 598,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 246,000 | 395,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 2,652,000 | 142,000 | |
Loans, current | 83,038,000 | 86,560,000 | |
Loans | 85,690,000 | 86,702,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 14,000 | 37,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 2,476,000 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 162,000 | 105,000 | |
Retail Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans | 351,401,000 | 373,974,000 | |
Retail Portfolio Segment [Member] | Home Equity and Other [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans | 149,494,000 | 159,278,000 | |
Retail Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans | 201,907,000 | 214,696,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 449,000 | 407,000 | |
Loans, current | 106,786,000 | 92,520,000 | |
Loans | 107,235,000 | 92,927,000 | $ 68,488,000 |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 64,000 | 38,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 73,000 | 3,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 312,000 | 366,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 64,000 | 41,000 | |
Loans, current | 60,353,000 | 50,018,000 | |
Loans | 60,417,000 | 50,059,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 64,000 | 38,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 3,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 385,000 | 366,000 | |
Loans, current | 46,433,000 | 42,502,000 | |
Loans | 46,818,000 | 42,868,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 0 | 0 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 73,000 | 0 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 312,000 | 366,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 1,988,000 | 3,264,000 | |
Loans, current | 242,178,000 | 277,783,000 | |
Loans | 244,166,000 | 281,047,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 26,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 1,127,000 | 1,532,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 169,000 | 827,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 692,000 | 905,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 393,000 | 1,019,000 | |
Loans, current | 88,684,000 | 108,200,000 | |
Loans | 89,077,000 | 109,219,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 26,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 198,000 | 445,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 33,000 | 419,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 162,000 | 155,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 1,595,000 | 2,245,000 | |
Loans, current | 153,494,000 | 169,583,000 | |
Loans | 155,089,000 | 171,828,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 929,000 | 1,087,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | 136,000 | 408,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Loans, past due | $ 530,000 | $ 750,000 |
Note 4 - Loans and Allowance 46
Note 4 - Loans and Allowance for Loan Losses (Details) - Impaired Loans - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Originated Loan [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | $ 9,871,000 | $ 9,871,000 | $ 8,255,000 | ||
Recorded principal balance, with no related allowance | 8,995,000 | 8,995,000 | 5,552,000 | ||
Average recorded principal balance, with no related allowance | 7,137,000 | $ 3,404,000 | 6,609,000 | $ 3,437,000 | |
Unpaid contractual principal balance, with a related allowance | 16,312,000 | 16,312,000 | 42,757,000 | ||
Recorded principal balance, with a related allowance | 11,293,000 | 11,293,000 | 42,304,000 | ||
Related allowance | 2,324,000 | 2,324,000 | 10,152,000 | ||
Average recorded principal balance, with a related allowance | 25,732,000 | 28,597,000 | 31,255,000 | 30,187,000 | |
Upaid contractual principal balance | 26,183,000 | 26,183,000 | 51,012,000 | ||
Recorded principal balance | 20,288,000 | 20,288,000 | 47,856,000 | ||
Average recorded principal balance | 32,869,000 | 32,001,000 | 37,864,000 | 33,624,000 | |
Acquired Loan [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 7,083,000 | 7,083,000 | 4,019,000 | ||
Recorded principal balance, with no related allowance | 6,680,000 | 6,680,000 | 4,010,000 | ||
Average recorded principal balance, with no related allowance | 5,191,000 | 0 | 4,797,000 | 0 | |
Unpaid contractual principal balance, with a related allowance | 1,625,000 | 1,625,000 | 1,516,000 | ||
Recorded principal balance, with a related allowance | 1,475,000 | 1,475,000 | 1,502,000 | ||
Related allowance | 584,000 | 584,000 | 605,000 | ||
Average recorded principal balance, with a related allowance | 1,664,000 | 0 | 1,611,000 | 0 | |
Upaid contractual principal balance | 8,708,000 | 8,708,000 | 5,535,000 | ||
Recorded principal balance | 8,155,000 | 8,155,000 | 5,512,000 | ||
Average recorded principal balance | 6,855,000 | 0 | 6,408,000 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 8,356,000 | 8,356,000 | 6,904,000 | ||
Recorded principal balance, with no related allowance | 8,110,000 | 8,110,000 | 4,801,000 | ||
Average recorded principal balance, with no related allowance | 6,333,000 | 2,172,000 | 5,822,000 | 2,246,000 | |
Unpaid contractual principal balance, with a related allowance | 15,949,000 | 15,949,000 | 40,448,000 | ||
Recorded principal balance, with a related allowance | 10,998,000 | 10,998,000 | 40,220,000 | ||
Related allowance | 2,147,000 | 2,147,000 | 9,374,000 | ||
Average recorded principal balance, with a related allowance | 25,350,000 | 26,370,000 | 30,306,000 | 27,862,000 | |
Upaid contractual principal balance | 24,305,000 | 24,305,000 | 47,352,000 | ||
Recorded principal balance | 19,108,000 | 19,108,000 | 45,021,000 | ||
Average recorded principal balance | 31,683,000 | 28,542,000 | 36,128,000 | 30,108,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 1,923,000 | 1,923,000 | 1,170,000 | ||
Recorded principal balance, with no related allowance | 1,923,000 | 1,923,000 | 1,164,000 | ||
Average recorded principal balance, with no related allowance | 1,930,000 | 169,000 | 1,674,000 | 283,000 | |
Unpaid contractual principal balance, with a related allowance | 513,000 | 513,000 | 5,299,000 | ||
Recorded principal balance, with a related allowance | 460,000 | 460,000 | 5,226,000 | ||
Related allowance | 436,000 | 436,000 | 1,578,000 | ||
Average recorded principal balance, with a related allowance | 2,812,000 | 882,000 | 3,617,000 | 1,068,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 0 | 0 | 540,000 | ||
Recorded principal balance, with no related allowance | 0 | 0 | 209,000 | ||
Average recorded principal balance, with no related allowance | 98,000 | 171,000 | 135,000 | 235,000 | |
Unpaid contractual principal balance, with a related allowance | 2,530,000 | 2,530,000 | 2,000,000 | ||
Recorded principal balance, with a related allowance | 2,184,000 | 2,184,000 | 2,000,000 | ||
Related allowance | 376,000 | 376,000 | 151,000 | ||
Average recorded principal balance, with a related allowance | 2,092,000 | 3,604,000 | 2,061,000 | 3,782,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 312,000 | 312,000 | 3,609,000 | ||
Recorded principal balance, with no related allowance | 124,000 | 124,000 | 1,901,000 | ||
Average recorded principal balance, with no related allowance | 1,062,000 | 662,000 | 1,342,000 | 703,000 | |
Unpaid contractual principal balance, with a related allowance | 6,646,000 | 6,646,000 | 15,745,000 | ||
Recorded principal balance, with a related allowance | 2,094,000 | 2,094,000 | 15,674,000 | ||
Related allowance | 637,000 | 637,000 | 2,200,000 | ||
Average recorded principal balance, with a related allowance | 8,806,000 | 1,974,000 | 11,095,000 | 1,820,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 5,761,000 | 5,761,000 | 1,210,000 | ||
Recorded principal balance, with no related allowance | 5,761,000 | 5,761,000 | 1,210,000 | ||
Average recorded principal balance, with no related allowance | 2,937,000 | 1,169,000 | 2,362,000 | 1,024,000 | |
Unpaid contractual principal balance, with a related allowance | 4,955,000 | 4,955,000 | 16,033,000 | ||
Recorded principal balance, with a related allowance | 4,955,000 | 4,955,000 | 15,949,000 | ||
Related allowance | 206,000 | 206,000 | 4,779,000 | ||
Average recorded principal balance, with a related allowance | 10,319,000 | 18,591,000 | 12,195,000 | 19,418,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 360,000 | 360,000 | 375,000 | ||
Recorded principal balance, with no related allowance | 302,000 | 302,000 | 317,000 | ||
Average recorded principal balance, with no related allowance | 306,000 | 1,000 | 309,000 | 1,000 | |
Unpaid contractual principal balance, with a related allowance | 1,305,000 | 1,305,000 | 1,371,000 | ||
Recorded principal balance, with a related allowance | 1,305,000 | 1,305,000 | 1,371,000 | ||
Related allowance | 492,000 | 492,000 | 666,000 | ||
Average recorded principal balance, with a related allowance | 1,321,000 | 1,319,000 | 1,338,000 | 1,774,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 5,795,000 | 5,795,000 | 2,512,000 | ||
Recorded principal balance, with no related allowance | 5,639,000 | 5,639,000 | 2,505,000 | ||
Average recorded principal balance, with no related allowance | 4,025,000 | 0 | 3,518,000 | 0 | |
Unpaid contractual principal balance, with a related allowance | 1,283,000 | 1,283,000 | 1,516,000 | ||
Recorded principal balance, with a related allowance | 1,193,000 | 1,193,000 | 1,502,000 | ||
Related allowance | 571,000 | 571,000 | 605,000 | ||
Average recorded principal balance, with a related allowance | 1,381,000 | 0 | 1,422,000 | 0 | |
Upaid contractual principal balance | 7,078,000 | 7,078,000 | 4,028,000 | ||
Recorded principal balance | 6,832,000 | 6,832,000 | 4,007,000 | ||
Average recorded principal balance | 5,406,000 | 0 | 4,940,000 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 1,565,000 | 1,565,000 | 1,586,000 | ||
Recorded principal balance, with no related allowance | 1,532,000 | 1,532,000 | 1,579,000 | ||
Average recorded principal balance, with no related allowance | 1,244,000 | 0 | 1,356,000 | 0 | |
Unpaid contractual principal balance, with a related allowance | 80,000 | 80,000 | 0 | ||
Recorded principal balance, with a related allowance | 80,000 | 80,000 | 0 | ||
Related allowance | 9,000 | 9,000 | 0 | ||
Average recorded principal balance, with a related allowance | 97,000 | 0 | 65,000 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 0 | 0 | 0 | ||
Recorded principal balance, with no related allowance | 0 | 0 | 0 | ||
Average recorded principal balance, with no related allowance | 0 | 0 | 0 | 0 | |
Unpaid contractual principal balance, with a related allowance | 0 | 0 | 0 | ||
Recorded principal balance, with a related allowance | 0 | 0 | 0 | ||
Related allowance | 0 | 0 | 0 | ||
Average recorded principal balance, with a related allowance | 0 | 0 | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 492,000 | 492,000 | 113,000 | ||
Recorded principal balance, with no related allowance | 429,000 | 429,000 | 113,000 | ||
Average recorded principal balance, with no related allowance | 317,000 | 0 | 249,000 | 0 | |
Unpaid contractual principal balance, with a related allowance | 1,177,000 | 1,177,000 | 1,516,000 | ||
Recorded principal balance, with a related allowance | 1,086,000 | 1,086,000 | 1,502,000 | ||
Related allowance | 561,000 | 561,000 | 605,000 | ||
Average recorded principal balance, with a related allowance | 1,256,000 | 0 | 1,338,000 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 586,000 | 586,000 | 326,000 | ||
Recorded principal balance, with no related allowance | 545,000 | 545,000 | 326,000 | ||
Average recorded principal balance, with no related allowance | 427,000 | 0 | 393,000 | 0 | |
Unpaid contractual principal balance, with a related allowance | 0 | 0 | 0 | ||
Recorded principal balance, with a related allowance | 0 | 0 | 0 | ||
Related allowance | 0 | 0 | 0 | ||
Average recorded principal balance, with a related allowance | 0 | 0 | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 3,152,000 | 3,152,000 | 487,000 | ||
Recorded principal balance, with no related allowance | 3,133,000 | 3,133,000 | 487,000 | ||
Average recorded principal balance, with no related allowance | 2,037,000 | 0 | 1,520,000 | 0 | |
Unpaid contractual principal balance, with a related allowance | 26,000 | 26,000 | 0 | ||
Recorded principal balance, with a related allowance | 27,000 | 27,000 | 0 | ||
Related allowance | 1,000 | 1,000 | 0 | ||
Average recorded principal balance, with a related allowance | 28,000 | 0 | 19,000 | 0 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 1,515,000 | 1,515,000 | 1,351,000 | ||
Recorded principal balance, with no related allowance | 885,000 | 885,000 | 751,000 | ||
Average recorded principal balance, with no related allowance | 804,000 | 1,232,000 | 787,000 | 1,191,000 | |
Unpaid contractual principal balance, with a related allowance | 363,000 | 363,000 | 2,309,000 | ||
Recorded principal balance, with a related allowance | 295,000 | 295,000 | 2,084,000 | ||
Related allowance | 177,000 | 177,000 | 778,000 | ||
Average recorded principal balance, with a related allowance | 382,000 | 2,227,000 | 949,000 | 2,325,000 | |
Upaid contractual principal balance | 1,878,000 | 1,878,000 | 3,660,000 | ||
Recorded principal balance | 1,180,000 | 1,180,000 | 2,835,000 | ||
Average recorded principal balance | 1,186,000 | 3,459,000 | 1,736,000 | 3,516,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 206,000 | 206,000 | 207,000 | ||
Recorded principal balance, with no related allowance | 188,000 | 188,000 | 191,000 | ||
Average recorded principal balance, with no related allowance | 189,000 | 647,000 | 190,000 | 585,000 | |
Unpaid contractual principal balance, with a related allowance | 198,000 | 198,000 | 115,000 | ||
Recorded principal balance, with a related allowance | 163,000 | 163,000 | 84,000 | ||
Related allowance | 126,000 | 126,000 | 84,000 | ||
Average recorded principal balance, with a related allowance | 165,000 | 91,000 | 138,000 | 157,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 1,309,000 | 1,309,000 | 1,144,000 | ||
Recorded principal balance, with no related allowance | 697,000 | 697,000 | 560,000 | ||
Average recorded principal balance, with no related allowance | 615,000 | 585,000 | 597,000 | 606,000 | |
Unpaid contractual principal balance, with a related allowance | 165,000 | 165,000 | 2,194,000 | ||
Recorded principal balance, with a related allowance | 132,000 | 132,000 | 2,000,000 | ||
Related allowance | 51,000 | 51,000 | 694,000 | ||
Average recorded principal balance, with a related allowance | 217,000 | 2,136,000 | 811,000 | 2,168,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 1,288,000 | 1,288,000 | 1,507,000 | ||
Recorded principal balance, with no related allowance | 1,041,000 | 1,041,000 | 1,505,000 | ||
Average recorded principal balance, with no related allowance | 1,166,000 | 0 | 1,279,000 | 0 | |
Unpaid contractual principal balance, with a related allowance | 342,000 | 342,000 | 0 | ||
Recorded principal balance, with a related allowance | 282,000 | 282,000 | 0 | ||
Related allowance | 13,000 | 13,000 | 0 | ||
Average recorded principal balance, with a related allowance | 283,000 | 0 | 189,000 | 0 | |
Upaid contractual principal balance | 1,630,000 | 1,630,000 | 1,507,000 | ||
Recorded principal balance | 1,323,000 | 1,323,000 | 1,505,000 | ||
Average recorded principal balance | 1,449,000 | 0 | 1,468,000 | 0 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 485,000 | 485,000 | 641,000 | ||
Recorded principal balance, with no related allowance | 361,000 | 361,000 | 639,000 | ||
Average recorded principal balance, with no related allowance | 365,000 | 0 | 456,000 | 0 | |
Unpaid contractual principal balance, with a related allowance | 0 | 0 | 0 | ||
Recorded principal balance, with a related allowance | 0 | 0 | 0 | ||
Related allowance | 0 | 0 | 0 | ||
Average recorded principal balance, with a related allowance | 0 | 0 | 0 | 0 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid contractual principal balance, with no related allowance | 803,000 | 803,000 | 866,000 | ||
Recorded principal balance, with no related allowance | 680,000 | 680,000 | 866,000 | ||
Average recorded principal balance, with no related allowance | 801,000 | 0 | 823,000 | 0 | |
Unpaid contractual principal balance, with a related allowance | 342,000 | 342,000 | 0 | ||
Recorded principal balance, with a related allowance | 282,000 | 282,000 | 0 | ||
Related allowance | 13,000 | 13,000 | $ 0 | ||
Average recorded principal balance, with a related allowance | $ 283,000 | $ 0 | $ 189,000 | $ 0 |
Note 4 - Loans and Allowance 47
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans by Credit Quality Indicators - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 |
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | $ 2,171,832,000 | $ 2,089,277,000 | |
Originated Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 1,429,623,000 | 1,246,116,000 | $ 1,145,097,000 |
Acquired Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 742,209,000 | 843,161,000 | |
Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 1,820,431,000 | 1,715,303,000 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 622,073,000 | 550,607,000 | |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 47,622,000 | 51,974,000 | |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 422,354,000 | 430,388,000 | |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 603,724,000 | 559,574,000 | |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 124,658,000 | 122,760,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 1,322,388,000 | 1,153,189,000 | $ 1,076,609,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 487,440,000 | 384,570,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 348,542,000 | 266,631,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 136,948,000 | 109,639,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 1,950,000 | 8,300,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 28,853,000 | 29,826,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 15,243,000 | 11,242,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 11,426,000 | 16,375,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 2,184,000 | 2,209,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 297,694,000 | 291,758,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 211,066,000 | 190,656,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 83,907,000 | 83,123,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 2,721,000 | 17,979,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 469,433,000 | 410,977,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 342,030,000 | 285,035,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 121,726,000 | 113,982,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 5,677,000 | 11,960,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 38,968,000 | 36,058,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 16,044,000 | 12,394,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 21,619,000 | 22,282,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 1,305,000 | 1,382,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 498,043,000 | 562,114,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 134,633,000 | 166,037,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 59,441,000 | 72,411,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 71,999,000 | 90,320,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 3,193,000 | 3,306,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 18,769,000 | 22,148,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 5,382,000 | 5,875,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 12,177,000 | 14,472,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 1,210,000 | 1,801,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 124,660,000 | 138,630,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 44,922,000 | 39,496,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 73,383,000 | 92,212,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 6,355,000 | 6,922,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 134,291,000 | 148,597,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 67,258,000 | 65,886,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 63,716,000 | 78,103,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 3,317,000 | 4,608,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 85,690,000 | 86,702,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 41,488,000 | 35,858,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 40,329,000 | 49,781,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | $ 3,873,000 | $ 1,063,000 |
Note 4 - Loans and Allowance 48
Note 4 - Loans and Allowance for Loan Losses (Details) - Retail Credit Risk by Collateral Type - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 |
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | $ 2,171,832,000 | $ 2,089,277,000 | |
Originated Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 1,429,623,000 | 1,246,116,000 | $ 1,145,097,000 |
Acquired Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 742,209,000 | 843,161,000 | |
Retail Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 351,401,000 | 373,974,000 | |
Retail Portfolio Segment [Member] | Home Equity and Other [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 149,494,000 | 159,278,000 | |
Retail Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 201,907,000 | 214,696,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 107,235,000 | 92,927,000 | $ 68,488,000 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 60,417,000 | 50,059,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 46,818,000 | 42,868,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 244,166,000 | 281,047,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | 89,077,000 | 109,219,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans | $ 155,089,000 | $ 171,828,000 |
Note 4 - Loans and Allowance 49
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 | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Provision for loan losses | $ (600,000) | $ (700,000) | $ (1,000,000) | $ (2,600,000) | |
Loans | 2,171,832,000 | 2,171,832,000 | $ 2,089,277,000 | ||
Originated Loan [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Loans | 1,429,623,000 | 1,429,623,000 | |||
Loans: individually evaluated for impairment | 20,288,000 | 20,288,000 | |||
Loans: collectively evaluated for impairment | 1,409,335,000 | 1,409,335,000 | |||
Originated Loan [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for loan losses | 20,251,000 | 20,954,000 | 19,299,000 | 22,821,000 | |
Allowance for loan losses | 15,740,000 | 20,856,000 | 15,740,000 | 20,856,000 | |
Allowance for loan losses: individually evaluated for impairment | 2,324,000 | 10,362,000 | 2,324,000 | 10,362,000 | |
Allowance for loan losses: collectively evaluated for impairment | 13,416,000 | 10,494,000 | 13,416,000 | 10,494,000 | |
Provision for loan losses | (643,000) | (700,000) | (1,101,000) | (2,600,000) | |
Charge-offs | (4,353,000) | (103,000) | (4,794,000) | (691,000) | |
Recoveries | 485,000 | 705,000 | 2,336,000 | 1,326,000 | |
Loans | 1,429,623,000 | 1,145,097,000 | 1,429,623,000 | 1,145,097,000 | 1,246,116,000 |
Loans: individually evaluated for impairment | 30,604,000 | 30,604,000 | |||
Loans: collectively evaluated for impairment | 1,114,493,000 | 1,114,493,000 | |||
Acquired Loan [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for loan losses | 799,000 | 742,000 | |||
Allowance for loan losses | 821,000 | 821,000 | |||
Provision for loan losses | 43,000 | 101,000 | |||
Charge-offs | (30,000) | (38,000) | |||
Recoveries | 9,000 | 16,000 | |||
Loans | 742,209,000 | 742,209,000 | 843,161,000 | ||
Commercial Portfolio Segment [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Loans | 1,820,431,000 | 1,820,431,000 | 1,715,303,000 | ||
Commercial Portfolio Segment [Member] | Originated Loan [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Loans | 1,322,388,000 | 1,322,388,000 | |||
Loans: individually evaluated for impairment | 19,108,000 | 19,108,000 | |||
Loans: collectively evaluated for impairment | 1,303,280,000 | 1,303,280,000 | |||
Commercial Portfolio Segment [Member] | Originated Loan [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for loan losses | 18,977,000 | 19,001,000 | 17,736,000 | 20,455,000 | |
Allowance for loan losses | 13,992,000 | 19,107,000 | 13,992,000 | 19,107,000 | |
Allowance for loan losses: individually evaluated for impairment | 2,146,000 | 9,440,000 | 2,146,000 | 9,440,000 | |
Allowance for loan losses: collectively evaluated for impairment | 11,846,000 | 9,667,000 | 11,846,000 | 9,667,000 | |
Provision for loan losses | (1,151,000) | (334,000) | (1,651,000) | (1,788,000) | |
Charge-offs | (4,199,000) | (98,000) | (4,277,000) | (684,000) | |
Recoveries | 365,000 | 538,000 | 2,184,000 | 1,124,000 | |
Loans | 1,322,388,000 | 1,076,609,000 | 1,322,388,000 | 1,076,609,000 | 1,153,189,000 |
Loans: individually evaluated for impairment | 27,199,000 | 27,199,000 | |||
Loans: collectively evaluated for impairment | 1,049,410,000 | 1,049,410,000 | |||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for loan losses | 622,000 | 681,000 | |||
Allowance for loan losses | 561,000 | 561,000 | |||
Provision for loan losses | (31,000) | (90,000) | |||
Charge-offs | (30,000) | (31,000) | |||
Recoveries | 0 | 1,000 | |||
Loans | 498,043,000 | 498,043,000 | 562,114,000 | ||
Retail Portfolio Segment [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Loans | 351,401,000 | 351,401,000 | 373,974,000 | ||
Retail Portfolio Segment [Member] | Originated Loan [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Loans | 107,235,000 | 107,235,000 | |||
Loans: individually evaluated for impairment | 1,180,000 | 1,180,000 | |||
Loans: collectively evaluated for impairment | 106,055,000 | 106,055,000 | |||
Retail Portfolio Segment [Member] | Originated Loan [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for loan losses | 1,235,000 | 1,957,000 | 1,487,000 | 2,358,000 | |
Allowance for loan losses | 1,714,000 | 1,774,000 | 1,714,000 | 1,774,000 | |
Allowance for loan losses: individually evaluated for impairment | 178,000 | 922,000 | 178,000 | 922,000 | |
Allowance for loan losses: collectively evaluated for impairment | 1,536,000 | 852,000 | 1,536,000 | 852,000 | |
Provision for loan losses | 513,000 | (345,000) | 592,000 | (779,000) | |
Charge-offs | (154,000) | (5,000) | (517,000) | (7,000) | |
Recoveries | 120,000 | 167,000 | 152,000 | 202,000 | |
Loans | 107,235,000 | 68,488,000 | 107,235,000 | 68,488,000 | 92,927,000 |
Loans: individually evaluated for impairment | 3,405,000 | 3,405,000 | |||
Loans: collectively evaluated for impairment | 65,083,000 | 65,083,000 | |||
Retail Portfolio Segment [Member] | Acquired Loan [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for loan losses | 177,000 | 61,000 | |||
Allowance for loan losses | 260,000 | 260,000 | |||
Provision for loan losses | 74,000 | 191,000 | |||
Charge-offs | 0 | (7,000) | |||
Recoveries | 9,000 | 15,000 | |||
Loans | 244,166,000 | 244,166,000 | $ 281,047,000 | ||
Unallocated Financing Receivables [Member] | Originated Loan [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for loan losses | 39,000 | (4,000) | 76,000 | 8,000 | |
Allowance for loan losses | 34,000 | (25,000) | 34,000 | (25,000) | |
Allowance for loan losses: individually evaluated for impairment | 0 | 0 | 0 | 0 | |
Allowance for loan losses: collectively evaluated for impairment | 34,000 | (25,000) | 34,000 | (25,000) | |
Provision for loan losses | (5,000) | (21,000) | (42,000) | (33,000) | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | $ 0 | 0 | $ 0 | |
Unallocated Financing Receivables [Member] | Acquired Loan [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for loan losses | 0 | 0 | |||
Allowance for loan losses | 0 | 0 | |||
Provision for loan losses | 0 | 0 | |||
Charge-offs | 0 | 0 | |||
Recoveries | $ 0 | $ 0 |
Note 4 - Loans and Allowance 50
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015USD ($) | Jun. 30, 2014USD ($) | Jun. 30, 2015USD ($) | Jun. 30, 2014USD ($) | |
Originated Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Loans modified, number of contracts | 4 | 1 | 10 | 3 |
Loans modified, pre-modification recorded principal balance | $ 1,308,000 | $ 996,000 | $ 1,876,000 | $ 1,156,000 |
Loans modified, post-modification recorded principal balance | $ 1,308,000 | $ 996,000 | $ 1,901,000 | $ 1,156,000 |
Acquired Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Loans modified, number of contracts | 10 | 0 | 12 | 0 |
Loans modified, pre-modification recorded principal balance | $ 1,133,000 | $ 0 | $ 1,183,000 | $ 0 |
Loans modified, post-modification recorded principal balance | $ 1,133,000 | $ 0 | $ 1,183,000 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Loans modified, number of contracts | 4 | 1 | 3 | |
Loans modified, pre-modification recorded principal balance | $ 1,308,000 | $ 996,000 | $ 1,156,000 | |
Loans modified, post-modification recorded principal balance | $ 1,308,000 | $ 996,000 | $ 1,156,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Loans modified, number of contracts | 4 | 0 | 10 | 1 |
Loans modified, pre-modification recorded principal balance | $ 1,308,000 | $ 0 | $ 1,876,000 | $ 14,000 |
Loans modified, post-modification recorded principal balance | $ 1,308,000 | $ 0 | $ 1,901,000 | $ 14,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
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 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Loans modified, number of contracts | 0 | 1 | 0 | 1 |
Loans modified, pre-modification recorded principal balance | $ 0 | $ 996,000 | $ 0 | $ 996,000 |
Loans modified, post-modification recorded principal balance | $ 0 | $ 996,000 | $ 0 | $ 996,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Loans modified, number of contracts | 0 | 0 | 0 | 1 |
Loans modified, pre-modification recorded principal balance | $ 0 | $ 0 | $ 0 | $ 146,000 |
Loans modified, post-modification recorded principal balance | $ 0 | $ 0 | $ 0 | $ 146,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
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 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Loans modified, number of contracts | 9 | 0 | 11 | 0 |
Loans modified, pre-modification recorded principal balance | $ 972,000 | $ 0 | $ 1,022,000 | $ 0 |
Loans modified, post-modification recorded principal balance | $ 972,000 | $ 0 | $ 1,022,000 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Loans modified, number of contracts | 2 | 0 | 2 | 0 |
Loans modified, pre-modification recorded principal balance | $ 286,000 | $ 0 | $ 286,000 | $ 0 |
Loans modified, post-modification recorded principal balance | $ 286,000 | $ 0 | $ 286,000 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
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 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Loans modified, number of contracts | 3 | 0 | 5 | 0 |
Loans modified, pre-modification recorded principal balance | $ 119,000 | $ 0 | $ 169,000 | $ 0 |
Loans modified, post-modification recorded principal balance | $ 119,000 | $ 0 | $ 169,000 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Loans modified, number of contracts | 1 | 0 | 1 | 0 |
Loans modified, pre-modification recorded principal balance | $ 302,000 | $ 0 | $ 302,000 | $ 0 |
Loans modified, post-modification recorded principal balance | $ 302,000 | $ 0 | $ 302,000 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Loans modified, number of contracts | 3 | 0 | 3 | 0 |
Loans modified, pre-modification recorded principal balance | $ 265,000 | $ 0 | $ 265,000 | $ 0 |
Loans modified, post-modification recorded principal balance | $ 265,000 | $ 0 | $ 265,000 | $ 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
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 Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
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 Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
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 Portfolio Segment [Member] | Acquired Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Loans modified, number of contracts | 1 | 0 | 1 | 0 |
Loans modified, pre-modification recorded principal balance | $ 161,000 | $ 0 | $ 161,000 | $ 0 |
Loans modified, post-modification recorded principal balance | $ 161,000 | $ 0 | $ 161,000 | $ 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Loans modified, number of contracts | 1 | 0 | 1 | 0 |
Loans modified, pre-modification recorded principal balance | $ 161,000 | $ 0 | $ 161,000 | $ 0 |
Loans modified, post-modification recorded principal balance | $ 161,000 | $ 0 | $ 161,000 | $ 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
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 |
Note 4 - Loans and Allowance 51
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 | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015USD ($) | Jun. 30, 2014USD ($) | Jun. 30, 2015USD ($) | Jun. 30, 2014USD ($) | |
Originated Loan [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 1 | 0 | 1 | 0 |
Recorded principal balance | $ 1,182,000 | $ 0 | $ 1,182,000 | $ 0 |
Acquired Loan [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 1 | 1 | ||
Recorded principal balance | $ 18,000 | $ 18,000 | ||
Commercial Portfolio Segment [Member] | Originated Loan [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 1 | 0 | 1 | 0 |
Recorded principal balance | $ 1,182,000 | $ 0 | $ 1,182,000 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 0 | 0 | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 0 | 0 | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 1 | 0 | 1 | 0 |
Recorded principal balance | $ 1,182,000 | $ 0 | $ 1,182,000 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 0 | 0 | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 0 | 0 | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 1 | 1 | ||
Recorded principal balance | $ 18,000 | $ 18,000 | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 0 | 0 | ||
Recorded principal balance | $ 0 | $ 0 | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 0 | 0 | ||
Recorded principal balance | $ 0 | $ 0 | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 1 | 1 | ||
Recorded principal balance | $ 18,000 | $ 18,000 | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 0 | 0 | ||
Recorded principal balance | $ 0 | $ 0 | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 0 | 0 | ||
Recorded principal balance | $ 0 | $ 0 | ||
Retail Portfolio Segment [Member] | Originated Loan [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 0 | 0 | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 | $ 0 | $ 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 0 | 0 | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 | $ 0 | $ 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 0 | 0 | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 | $ 0 | $ 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 0 | 0 | ||
Recorded principal balance | $ 0 | $ 0 | ||
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 0 | 0 | ||
Recorded principal balance | $ 0 | $ 0 | ||
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | ||||
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 [Line Items] | ||||
Number of contracts | 0 | 0 | ||
Recorded principal balance | $ 0 | $ 0 |
Note 4 - Loans and Allowance 52
Note 4 - Loans and Allowance for Loan Losses (Details) - Activity for Troubled Debt Restructurings - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||||
Commercial Loan Portfolio: | ||||
Beginning Balance | $ 6,556,000 | $ 1,404,000 | $ 7,026,000 | $ 1,656,000 |
Ending Balance | 2,442,000 | 1,176,000 | 2,442,000 | 1,176,000 |
Charge-Offs | 0 | (67,000) | 0 | (67,000) |
Payments | (5,380,000) | (161,000) | (6,535,000) | (427,000) |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 1,266,000 | 0 | 1,951,000 | 14,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||||
Commercial Loan Portfolio: | ||||
Beginning Balance | 2,654,000 | 4,250,000 | 2,680,000 | 4,501,000 |
Ending Balance | 2,632,000 | 3,786,000 | 2,632,000 | 3,786,000 |
Charge-Offs | 0 | 0 | 0 | 0 |
Payments | (22,000) | (464,000) | (48,000) | (3,613,000) |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 0 | 0 | 0 | 2,898,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||||
Commercial Loan Portfolio: | ||||
Beginning Balance | 16,966,000 | 1,756,000 | 17,160,000 | 1,816,000 |
Ending Balance | 2,218,000 | 2,711,000 | 2,218,000 | 2,711,000 |
Charge-Offs | (4,198,000) | 0 | (4,198,000) | (11,000) |
Payments | (10,550,000) | (42,000) | (10,744,000) | (90,000) |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 0 | 997,000 | 0 | 996,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||||
Commercial Loan Portfolio: | ||||
Beginning Balance | 16,063,000 | 21,629,000 | 17,439,000 | 22,311,000 |
Ending Balance | 11,082,000 | 18,663,000 | 11,082,000 | 18,663,000 |
Charge-Offs | 0 | 0 | 0 | 0 |
Payments | (4,981,000) | (2,966,000) | (6,357,000) | (3,967,000) |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 0 | 0 | 0 | 319,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||||
Commercial Loan Portfolio: | ||||
Beginning Balance | 498,000 | 732,000 | 505,000 | 2,620,000 |
Ending Balance | 491,000 | 719,000 | 491,000 | 719,000 |
Charge-Offs | 0 | 0 | 0 | (420,000) |
Payments | (7,000) | (13,000) | (14,000) | (1,481,000) |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 0 | 0 | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||||
Commercial Loan Portfolio: | ||||
Beginning Balance | 1,519,000 | 1,439,000 | ||
Ending Balance | 1,521,000 | 1,521,000 | ||
Charge-Offs | 0 | 0 | ||
Payments | (275,000) | (275,000) | ||
Transfers to ORE | 0 | 0 | ||
Net Additions/Deletions | 277,000 | 357,000 | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||||
Commercial Loan Portfolio: | ||||
Beginning Balance | 0 | 0 | ||
Ending Balance | 0 | 0 | ||
Charge-Offs | 0 | 0 | ||
Payments | 0 | 0 | ||
Transfers to ORE | 0 | 0 | ||
Net Additions/Deletions | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||||
Commercial Loan Portfolio: | ||||
Beginning Balance | 1,492,000 | 1,569,000 | ||
Ending Balance | 1,350,000 | 1,350,000 | ||
Charge-Offs | (31,000) | (31,000) | ||
Payments | (292,000) | (471,000) | ||
Transfers to ORE | 0 | 0 | ||
Net Additions/Deletions | 181,000 | 283,000 | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||||
Commercial Loan Portfolio: | ||||
Beginning Balance | 62,000 | 64,000 | ||
Ending Balance | 361,000 | 361,000 | ||
Charge-Offs | 0 | 0 | ||
Payments | 0 | (2,000) | ||
Transfers to ORE | 0 | 0 | ||
Net Additions/Deletions | 299,000 | 299,000 | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||||
Commercial Loan Portfolio: | ||||
Beginning Balance | 333,000 | 381,000 | ||
Ending Balance | 580,000 | 580,000 | ||
Charge-Offs | 0 | 0 | ||
Payments | (6,000) | (54,000) | ||
Transfers to ORE | 0 | 0 | ||
Net Additions/Deletions | 253,000 | 253,000 | ||
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||||
Commercial Loan Portfolio: | ||||
Beginning Balance | 0 | 0 | 0 | 0 |
Ending Balance | 0 | 0 | 0 | 0 |
Charge-Offs | 0 | 0 | 0 | 0 |
Payments | 0 | 0 | 0 | 0 |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 0 | 0 | 0 | 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | ||||
Commercial Loan Portfolio: | ||||
Beginning Balance | 302,000 | 2,122,000 | 1,967,000 | 2,191,000 |
Ending Balance | 270,000 | 2,077,000 | 270,000 | 2,077,000 |
Charge-Offs | (23,000) | 0 | (148,000) | 0 |
Payments | (9,000) | (45,000) | (1,549,000) | (114,000) |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 0 | $ 0 | 0 | $ 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||||
Commercial Loan Portfolio: | ||||
Beginning Balance | 0 | 26,000 | ||
Ending Balance | 152,000 | 152,000 | ||
Charge-Offs | 0 | 0 | ||
Payments | 0 | (26,000) | ||
Transfers to ORE | 0 | 0 | ||
Net Additions/Deletions | 152,000 | 152,000 | ||
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | ||||
Commercial Loan Portfolio: | ||||
Beginning Balance | 177,000 | 178,000 | ||
Ending Balance | 177,000 | 177,000 | ||
Charge-Offs | 0 | 0 | ||
Payments | 0 | (1,000) | ||
Transfers to ORE | 0 | 0 | ||
Net Additions/Deletions | $ 0 | $ 0 |
Note 4 - Loans and Allowance 53
Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings - Originated Loan [Member] - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | $ 1,358,000 | $ 5,793,000 |
Commercial Portfolio Segment [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | 1,358,000 | 5,793,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | 252,000 | 16,000 |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | 288,000 | 151,000 |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | 120,000 | 182,000 |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | 206,000 | 4,778,000 |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | 492,000 | 666,000 |
Retail Portfolio Segment [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | 0 | 0 |
Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | 0 | 0 |
Retail Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | $ 0 | $ 0 |
Note 5 - Premises and Equipme54
Note 5 - Premises and Equipment, Net (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Property, Plant and Equipment [Abstract] | ||||
Depreciation | $ 0.8 | $ 0.5 | $ 1.5 | $ 0.8 |
Note 5 - Premises and Equipme55
Note 5 - Premises and Equipment, Net (Details) - Summary of Premises and Equipment - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Property, Plant and Equipment [Line Items] | ||
Premises and equipment | $ 72,540,000 | $ 71,962,000 |
Less: accumulated depreciation | 24,638,000 | 23,150,000 |
Premises and equipment, net | 47,902,000 | 48,812,000 |
Land and Land Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment | 16,579,000 | 16,579,000 |
Building [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment | 39,166,000 | 38,761,000 |
Furniture and Fixtures [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment | $ 16,795,000 | $ 16,622,000 |
Note 6 - Deposits (Details)
Note 6 - Deposits (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2015 | Dec. 31, 2014 | |
Disclosure Text Block [Abstract] | ||
Deposits | $ 2,278,794,000 | $ 2,276,915,000 |
Increase (Decrease) in Deposits | $ 1,900,000 | |
Percentage of Increase in Aggregate Deposits | 0.10% |
Note 6 - Deposits (Details) - S
Note 6 - Deposits (Details) - Summary of Deposits - USD ($) | 6 Months Ended | |
Jun. 30, 2015 | Dec. 31, 2014 | |
Summary of Deposits [Abstract] | ||
Noninterest-bearing checking (in Dollars) | $ 612,222,000 | $ 558,738,000 |
Noninterest-bearing checking | 26.90% | 24.50% |
Noninterest-bearing checking | 9.60% | |
Interest-bearing checking (in Dollars) | $ 393,933,000 | $ 413,382,000 |
Interest-bearing checking | 17.30% | 18.20% |
Interest-bearing checking | (4.70%) | |
Money market (in Dollars) | $ 272,225,000 | $ 235,587,000 |
Money market | 12.00% | 10.30% |
Money market | 15.60% | |
Savings (in Dollars) | $ 347,292,000 | $ 330,459,000 |
Savings | 15.20% | 14.50% |
Savings | 5.10% | |
Time, under $100,000 (in Dollars) | $ 170,104,000 | $ 181,026,000 |
Time, under $100,000 | 7.50% | 8.00% |
Time, under $100,000 | (6.00%) | |
Time, $100,000 and over (in Dollars) | $ 347,148,000 | $ 382,120,000 |
Time, $100,000 and over | 15.20% | 16.80% |
Time, $100,000 and over | (9.20%) | |
(in Dollars) | $ 2,142,924,000 | $ 2,101,312,000 |
94.10% | 92.30% | |
2.00% | ||
Out-of-area time, under $100,000 (in Dollars) | $ 842,000 | $ 2,422,000 |
Out-of-area time, under $100,000 | 0.10% | |
Out-of-area time, under $100,000 | (65.20%) | |
Out-of-area time, $100,000 and over (in Dollars) | $ 135,028,000 | $ 173,181,000 |
Out-of-area time, $100,000 and over | 5.90% | 7.60% |
Out-of-area time, $100,000 and over | (22.00%) | |
(in Dollars) | $ 135,870,000 | $ 175,603,000 |
5.90% | 7.70% | |
(22.60%) | ||
Total deposits (in Dollars) | $ 2,278,794,000 | $ 2,276,915,000 |
Total deposits | 100.00% | 100.00% |
Total deposits | 0.10% |
Note 7 - Securities Sold Unde58
Note 7 - Securities Sold Under Agreements to Repurchase (Details) | 6 Months Ended |
Jun. 30, 2015 | |
Maximum [Member] | |
Note 7 - Securities Sold Under Agreements to Repurchase (Details) [Line Items] | |
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements | 1 day |
Note 7 - Securities Sold Unde59
Note 7 - Securities Sold Under Agreements to Repurchase (Details) - Securities Sold Under Agreement To Repurchase - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Securities Sold Under Agreement To Repurchase [Abstract] | ||
Outstanding balance at end of period | $ 152,081,000 | $ 167,569,000 |
Average interest rate at end of period | 0.10% | 0.11% |
Average daily balance during the period | $ 144,598,000 | $ 105,474,000 |
Average interest rate during the period | 0.10% | 0.12% |
Maximum daily balance during the period | $ 168,211,000 | $ 178,042,000 |
Note 8 - Federal Home Loan Ba60
Note 8 - Federal Home Loan Bank of Indianapolis Advances (Details) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Note 8 - Federal Home Loan Bank of Indianapolis Advances (Details) [Line Items] | ||
Long-term Federal Home Loan Bank Advances (in Dollars) | $ 48,000,000 | $ 54,022,000 |
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars) | 531,000,000 | |
Line of Credit Facility, Remaining Borrowing Capacity (in Dollars) | 483,000,000 | |
Federal Home Loan Bank of Indianapolis [Member] | ||
Note 8 - Federal Home Loan Bank of Indianapolis Advances (Details) [Line Items] | ||
Long-term Federal Home Loan Bank Advances (in Dollars) | $ 48,000,000 | $ 54,000,000 |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate, Range from | 1.22% | 0.62% |
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 | 1.33% | 1.26% |
Note 8 - Federal Home Loan Ba61
Note 8 - Federal Home Loan Bank of Indianapolis Advances (Details) - Maturities of Currently Outstanding FHLB Advances | Jun. 30, 2015USD ($) |
Maturities of Currently Outstanding FHLB Advances [Abstract] | |
2,015 | $ 0 |
2,016 | 3,000,000 |
2,017 | 45,000,000 |
2,018 | 0 |
2,019 | $ 0 |
Note 9 - Commitments and Off-62
Note 9 - Commitments and Off-balance Sheet Risk (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2015 | Dec. 31, 2014 | |
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 |
Interest Rate Swap [Member] | ||
Note 9 - Commitments and Off-balance Sheet Risk (Details) [Line Items] | ||
Derivative, Notional Amount | 15,000,000 | |
Derivative, Fair Value, Net | $ (2,300,000) | |
Minimum [Member] | ||
Note 9 - Commitments and Off-balance Sheet Risk (Details) [Line Items] | ||
Fees Accreted Into Income During Interest Rate Swap Agreements, Term | 4 years | |
Maximum [Member] | ||
Note 9 - Commitments and Off-balance Sheet Risk (Details) [Line Items] | ||
Fees Accreted Into Income During Interest Rate Swap Agreements, Term | 15 years |
Note 9 - Commitments and Off-63
Note 9 - Commitments and Off-balance Sheet Risk (Details) - Exposure to Credit Losses - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
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 | $ 846,683,000 | $ 781,748,000 |
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 | 243,013,000 | 110,126,000 |
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 | 34,774,000 | 35,461,000 |
Commercial Portfolio Segment [Member] | Unused lines 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 | 487,753,000 | 554,856,000 |
1-4 Family Mortgages [Member] | Unused lines 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 | 60,911,000 | 60,983,000 |
Consumer Portfolio Segment [Member] | Unused lines 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 | 12,911,000 | 11,649,000 |
Consumer Other Financing Receivable 1 [Member] | Unused lines 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 | $ 7,321,000 | $ 8,673,000 |
Note 10 - Hedging Activities (D
Note 10 - Hedging Activities (Details) - USD ($) | 1 Months Ended | ||
Feb. 29, 2012 | Jun. 30, 2015 | Dec. 31, 2014 | |
Note 10 - Hedging Activities (Details) [Line Items] | |||
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust | $ 32,000,000 | $ 54,813,000 | $ 54,472,000 |
Fair Value of Interest Rate Swap Agreement Liability | $ 400,000 | $ 300,000 | |
London Interbank Offered Rate (LIBOR) [Member] | Junior Subordinated Debt [Member] | |||
Note 10 - Hedging Activities (Details) [Line Items] | |||
Debt Instrument, Basis Spread on Variable Rate | 2.18% | ||
Derivative, Notional Amount | $ 32,000,000 |
Note 11 - Fair Values of Fina65
Note 11 - Fair Values of Financial Instruments (Details) - Fair Value Hierarchy of Financial Instruments - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | |
Financial assets: | |||
Securities available for sale | [1] | $ 373,446,000 | $ 432,912,000 |
FHLBI stock | [2] | 7,567,000 | 13,699,000 |
FHLBI stock | [2] | 7,567,000 | 13,699,000 |
Bank owned life insurance | 58,409,000 | 57,861,000 | |
Financial liabilities: | |||
Deposits | 2,278,794,000 | 2,276,915,000 | |
Repurchase agreements | 152,081,000 | 167,569,000 | |
Accrued interest payable | 13,285,000 | 12,263,000 | |
Interest Rate Swap [Member] | |||
Financial liabilities: | |||
Interest rate swap | [1] | 379,000 | 253,000 |
Interest rate swap | [1] | 379,000 | 253,000 |
Fair Value, Inputs, Level 1 [Member] | |||
Financial assets: | |||
Cash | 14,608,000 | 13,261,000 | |
Cash | 14,608,000 | 13,261,000 | |
Fair Value, Inputs, Level 2 [Member] | |||
Financial assets: | |||
Cash equivalents | 123,823,000 | 159,477,000 | |
Cash equivalents | 123,823,000 | 159,477,000 | |
Loans held for sale | 2,397,000 | 1,574,000 | |
Loans held for sale | 2,397,000 | 1,574,000 | |
Bank owned life insurance | 58,409,000 | 57,861,000 | |
Bank owned life insurance | 58,409,000 | 57,861,000 | |
Accrued interest receivable | 7,822,000 | 8,033,000 | |
Accrued interest receivable | 7,822,000 | 8,033,000 | |
Financial liabilities: | |||
Deposits | 2,278,794,000 | 2,276,915,000 | |
Deposits | 2,246,661,000 | 2,254,749,000 | |
Repurchase agreements | 152,081,000 | 167,569,000 | |
Repurchase agreements | 152,081,000 | 167,569,000 | |
FHLBI advances | 48,000,000 | 54,022,000 | |
FHLBI advances | 48,371,000 | 54,720,000 | |
Subordinated debentures | 54,813,000 | 54,472,000 | |
Subordinated debentures | 54,813,000 | 54,508,000 | |
Accrued interest payable | 1,740,000 | 1,942,000 | |
Accrued interest payable | 1,740,000 | 1,942,000 | |
Fair Value, Inputs, Level 3 [Member] | |||
Financial assets: | |||
Loans, net | 2,152,874,000 | 2,067,662,000 | |
Loans, net | $ 2,153,142,000 | $ 2,062,566,000 | |
[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 FHLBI stock due to transferability restrictions. |
Note 12 - Fair Values (Details)
Note 12 - Fair Values (Details) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Note 12 - Fair Values (Details) [Line Items] | ||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Mortgage | $ 2,400,000 | $ 1,600,000 |
Available-for-sale Securities [Member] | ||
Note 12 - Fair Values (Details) [Line Items] | ||
Valuation Allowances and Reserves, Balance | $ 0 | $ 0 |
Note 12 - Fair Values (Detail67
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | |
Available for sale securities | |||
Available for sale securities | [1] | $ 373,446,000 | $ 432,912,000 |
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Derivative | (379,000) | (253,000) | |
Assets and liabilities measured at fair value on recurring basis | 373,067,000 | 432,659,000 | |
US Government Agencies Debt Securities [Member] | |||
Available for sale securities | |||
Available for sale securities | 161,708,000 | 193,468,000 | |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 161,708,000 | 193,468,000 | |
Collateralized Mortgage Backed Securities [Member] | |||
Available for sale securities | |||
Available for sale securities | 79,841,000 | 93,561,000 | |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 79,841,000 | 93,561,000 | |
Municipal General Obligation Bonds [Member] | |||
Available for sale securities | |||
Available for sale securities | 119,811,000 | 133,082,000 | |
Municipal General Obligation Bonds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 119,811,000 | 133,082,000 | |
Municipal Revenue Bonds [Member] | |||
Available for sale securities | |||
Available for sale securities | 10,149,000 | 10,873,000 | |
Municipal Revenue Bonds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 10,149,000 | 10,873,000 | |
Other Debt Obligations [Member] | |||
Available for sale securities | |||
Available for sale securities | 1,937,000 | 1,928,000 | |
Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 1,937,000 | 1,928,000 | |
Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Derivative | 0 | 0 | |
Assets and liabilities measured at fair value on recurring basis | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Municipal General Obligation Bonds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Municipal Revenue Bonds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Derivative | (379,000) | (253,000) | |
Assets and liabilities measured at fair value on recurring basis | 364,278,000 | 422,378,000 | |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 161,708,000 | 193,468,000 | |
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 79,841,000 | 93,561,000 | |
Fair Value, Inputs, Level 2 [Member] | Municipal General Obligation Bonds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 111,022,000 | 122,801,000 | |
Fair Value, Inputs, Level 2 [Member] | Municipal Revenue Bonds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 10,149,000 | 10,873,000 | |
Fair Value, Inputs, Level 2 [Member] | Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 1,937,000 | 1,928,000 | |
Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Derivative | 0 | 0 | |
Assets and liabilities measured at fair value on recurring basis | 8,789,000 | 10,281,000 | |
Fair Value, Inputs, Level 3 [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 3 [Member] | Municipal General Obligation Bonds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 8,789,000 | 10,281,000 | |
Fair Value, Inputs, Level 3 [Member] | Municipal Revenue Bonds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 3 [Member] | Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | $ 0 | $ 0 | |
[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 (Detail68
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis - Fair Value, Measurements, Nonrecurring [Member] - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | |
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis [Line Items] | |||
Impaired loans | [1] | $ 9,623,000 | $ 17,097,000 |
Foreclosed assets | [1] | 2,033,000 | 1,995,000 |
Assets and liabilities measured at fair value on a nonrecurring basis | 11,656,000 | 19,092,000 | |
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 | [1] | 0 | 0 |
Foreclosed assets | [1] | 0 | 0 |
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 | [1] | 0 | 0 |
Foreclosed assets | [1] | 0 | 0 |
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 | [1] | 9,623,000 | 17,097,000 |
Foreclosed assets | [1] | 2,033,000 | 1,995,000 |
Assets and liabilities measured at fair value on a nonrecurring basis | $ 11,656,000 | $ 19,092,000 | |
[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 (D
Note 13 - Regulatory Matters (Details) - USD ($) $ / shares in Units, $ in Millions | Jul. 16, 2015 | Jun. 24, 2015 | Apr. 16, 2015 | Mar. 25, 2015 | Jan. 15, 2015 | Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Jan. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2009 |
Note 13 - Regulatory Matters (Details) [Line Items] | ||||||||||||
Trust Preferred Securities Included in Tier One Capital | $ 52.7 | $ 52.7 | $ 52.4 | |||||||||
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 | $ 15,000 | |||||||||||
Preferred Securities of Subsidiary Trust | $ 52.7 | $ 52.7 | $ 52.4 | |||||||||
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share) | $ 0.14 | $ 0.14 | $ 0.14 | $ 2.12 | $ 0.28 | $ 2.24 | ||||||
Common Stock, Dividends, Per Share, Declared (in Dollars per share) | $ 0.14 | $ 0.14 | ||||||||||
Stock Repurchase Program, Authorized Amount | $ 20 | |||||||||||
Repurchased Stock [Member] | ||||||||||||
Note 13 - Regulatory Matters (Details) [Line Items] | ||||||||||||
Stock Repurchased During Period, Shares (in Shares) | 463,000 | |||||||||||
Share Price (in Dollars per share) | $ 19.67 | $ 19.67 | ||||||||||
Stock Repurchased During Period, Value | $ 9.1 | |||||||||||
Subsequent Event [Member] | ||||||||||||
Note 13 - Regulatory Matters (Details) [Line Items] | ||||||||||||
Common Stock, Dividends, Per Share, Declared (in Dollars per share) | $ 0.15 |
Note 13 - Regulatory Matters 70
Note 13 - Regulatory Matters (Details) - Actual Capital Levels and Minimum Levels - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Consolidated Entities [Member] | ||
Total capital (to risk weighted assets) | ||
Total capital (to risk weighted assets), actual amount | $ 341,865,000 | $ 334,793,000 |
Total capital (to risk weighted assets), actual ratio | 13.60% | 14.40% |
Total capital (to risk weighted assets), minimum required for capital adequacy purposes amount | $ 200,721,000 | $ 185,553,000 |
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 | ||
Tier 1 capital (to risk weighted assets) | ||
Tier 1 capital (to risk weighted assets), actual amount | $ 325,304,000 | $ 314,752,000 |
Tier 1 capital (to risk weighted assets), actual ratio | 13.00% | 13.60% |
Tier 1 capital (to risk weighted assets), minimum required for capital adequacy purposes amount | $ 150,541,000 | $ 92,777,000 |
Tier 1 capital (to risk weighted assets), minimum required for capital adequacy purposes ratio | 6.00% | 4.00% |
Tier 1 capital (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations amount | ||
Common equity tier 1 (to risk weighted assets) | ||
Common equity tier 1 (to risk weighted assets), actual amount | $ 274,601,000 | |
Common equity tier 1 (to risk weighted assets), actual ratio | 10.90% | |
Common equity tier 1 (to risk weighted assets), minimum required for capital adequacy purposes amount | $ 112,997,000 | |
Common equity tier 1 (to risk weighted assets), minimum required for capital adequacy purposes ratio | 4.50% | |
Common equity tier 1 (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations amount | ||
Tier 1 capital (to average assets) | ||
Tier 1 capital (to average assets), actual amount | $ 325,304,000 | $ 314,752,000 |
Tier 1 capital (to average assets), actual ratio | 11.60% | 11.20% |
Tier 1 capital (to average assets), minimum required for capital adequacy purposes amount | $ 112,364,000 | $ 112,949,000 |
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 | ||
Bank [Member] | ||
Total capital (to risk weighted assets) | ||
Total capital (to risk weighted assets), actual amount | $ 345,719,000 | $ 332,749,000 |
Total capital (to risk weighted assets), actual ratio | 13.80% | 14.40% |
Total capital (to risk weighted assets), minimum required for capital adequacy purposes amount | $ 200,822,000 | $ 185,309,000 |
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 | $ 0.100 | $ 0.100 |
Tier 1 capital (to risk weighted assets) | ||
Tier 1 capital (to risk weighted assets), actual amount | $ 329,158,000 | $ 312,708,000 |
Tier 1 capital (to risk weighted assets), actual ratio | 13.10% | 13.50% |
Tier 1 capital (to risk weighted assets), minimum required for capital adequacy purposes amount | $ 150,617,000 | $ 92,655,000 |
Tier 1 capital (to risk weighted assets), minimum required for capital adequacy purposes ratio | 6.00% | 4.00% |
Tier 1 capital (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations amount | $ 8,000 | $ 6,000 |
Common equity tier 1 (to risk weighted assets) | ||
Common equity tier 1 (to risk weighted assets), actual amount | $ 329,158,000 | |
Common equity tier 1 (to risk weighted assets), actual ratio | 13.10% | |
Common equity tier 1 (to risk weighted assets), minimum required for capital adequacy purposes amount | $ 112,963,000 | |
Common equity tier 1 (to risk weighted assets), minimum required for capital adequacy purposes ratio | 4.50% | |
Common equity tier 1 (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations amount | $ 6,500 | |
Tier 1 capital (to average assets) | ||
Tier 1 capital (to average assets), actual amount | $ 329,158,000 | $ 312,708,000 |
Tier 1 capital (to average assets), actual ratio | 11.70% | 11.10% |
Tier 1 capital (to average assets), minimum required for capital adequacy purposes amount | $ 112,487,000 | $ 112,856,000 |
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 | $ 5,000 | $ 5,000 |