Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 13, 2014 | Jun. 30, 2013 | |
Document and Entity Information | ' | ' | ' |
Entity Registrant Name | 'CARDINAL FINANCIAL CORP | ' | ' |
Entity Central Index Key | '0001060523 | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Amendment Flag | 'false | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Public Float | ' | ' | $427,113,377 |
Entity Common Stock, Shares Outstanding | ' | 31,958,577 | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
CONSOLIDATED_STATEMENTS_OF_CON
CONSOLIDATED STATEMENTS OF CONDITION (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Cash and due from banks | $18,285 | $17,552 |
Federal funds sold | 10,924 | 49,588 |
Total cash and cash equivalents | 29,209 | 67,140 |
Investment securities available-for-sale | 349,319 | 271,903 |
Investment securities held-to-maturity (market value of $5,527 and $9,019 at December 31, 2013 and December 31, 2012, respectively) | 6,477 | 11,366 |
Investment securities - trading | 3,890 | 3,151 |
Total investment securities | 359,686 | 286,420 |
Other investments | 19,068 | 14,302 |
Loans held for sale | 373,993 | 785,751 |
Loans receivable, net of deferred fees and costs | 2,040,168 | 1,803,429 |
Allowance for loan losses | -27,864 | -27,400 |
Loans receivable, net | 2,012,304 | 1,776,029 |
Premises and equipment, net | 20,389 | 19,192 |
Deferred tax asset, net | 5,395 | ' |
Goodwill and intangibles, net | 10,144 | 10,292 |
Bank-owned life insurance | 32,063 | 31,652 |
Prepaid FDIC insurance premiums | ' | 2,165 |
Accrued interest receivable and other assets | 31,979 | 46,244 |
Total assets | 2,894,230 | 3,039,187 |
Liabilities and Shareholders' Equity | ' | ' |
Non-interest bearing deposits | 433,749 | 351,815 |
Interest bearing deposits | 1,625,110 | 1,891,943 |
Total deposits | 2,058,859 | 2,243,758 |
Other borrowed funds | 475,232 | 392,275 |
Mortgage funding checks | 6,528 | 51,679 |
Deferred tax liability, net | ' | 1,946 |
Escrow liabilities | 1,572 | 4,629 |
Accrued interest payable and other liabilities | 31,507 | 36,834 |
Total liabilities | 2,573,698 | 2,731,121 |
Common stock, $1 par value; 50,000,000 Shares authorized; 30,332,685 and 30,226,330 Shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively | 30,333 | 30,226 |
Additional paid-in capital | 174,001 | 172,021 |
Retained earnings | 111,323 | 92,777 |
Accumulated other comprehensive income, net | 4,875 | 13,042 |
Total shareholders' equity | 320,532 | 308,066 |
Total liabilities and shareholders' equity | $2,894,230 | $3,039,187 |
CONSOLIDATED_STATEMENTS_OF_CON1
CONSOLIDATED STATEMENTS OF CONDITION (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
CONSOLIDATED STATEMENTS OF CONDITION | ' | ' |
Investment securities held-to-maturity, market value (in dollars) | $5,527 | $9,019 |
Common stock, par value (in dollars per share) | $1 | $1 |
Common stock, Shares authorized | 50,000,000 | 50,000,000 |
Common stock, Shares issued | 30,332,685 | 30,226,330 |
Common stock, Shares outstanding | 30,332,685 | 30,226,330 |
CONSOLIDATED_STATEMENTS_OF_INC
CONSOLIDATED STATEMENTS OF INCOME (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Interest income: | ' | ' | ' |
Loans receivable | $86,152 | $84,615 | $78,237 |
Loans held for sale | 16,695 | 19,017 | 10,767 |
Federal funds sold | 266 | 173 | 88 |
Investment securities available-for-sale | 10,481 | 10,673 | 13,222 |
Investment securities held-to-maturity | 189 | 305 | 440 |
Other investments | 332 | 267 | 124 |
Total interest income | 114,115 | 115,050 | 102,878 |
Interest expense: | ' | ' | ' |
Deposits | 13,016 | 14,839 | 13,560 |
Other borrowed funds | 8,754 | 9,208 | 10,156 |
Total interest expense | 21,770 | 24,047 | 23,716 |
Net interest income | 92,345 | 91,003 | 79,162 |
Provision for loan losses | -32 | 7,123 | 6,910 |
Net interest income after provision for loan losses | 92,377 | 83,880 | 72,252 |
Non-interest income: | ' | ' | ' |
Service charges on deposit accounts | 1,992 | 1,914 | 1,767 |
Loan fees | 1,447 | 1,599 | 1,326 |
Title insurance & other income | 987 | 2,489 | 1,408 |
Investment fee income | 1,337 | 2,623 | 2,546 |
Realized and unrealized gains on mortgage banking activities | 21,615 | 47,794 | 20,529 |
Net realized gains on investment securities available-for-sale | ' | ' | 2,397 |
Net realized gains on investment securities-trading | 68 | 158 | 144 |
Management fee income | 1,981 | 4,082 | 3,406 |
Income from bank-owned life insurance | 411 | 3,072 | 796 |
Gain (loss) on sale of real estate | 30 | -333 | ' |
Other income (loss) | 43 | -6 | 14 |
Total non-interest income | 29,911 | 63,392 | 34,333 |
Non-interest expense: | ' | ' | ' |
Salary and benefits | 41,523 | 39,370 | 28,707 |
Occupancy | 8,389 | 7,186 | 6,032 |
Professional fees | 3,765 | 4,209 | 3,955 |
Depreciation | 3,196 | 2,669 | 2,517 |
Data processing and communications | 4,720 | 4,427 | 4,117 |
Advertising and marketing | 4,688 | 5,197 | 3,199 |
FDIC insurance assessment | 1,391 | 1,336 | 1,387 |
Mortgage loan repurchases and settlements | -49 | 962 | 670 |
Bank franchise taxes | 2,836 | 2,388 | 2,089 |
Amortization of intangibles | 148 | 198 | 198 |
Loss on extinguishment of debt | ' | ' | 2,271 |
Impairment of pooled trust preferred securities | 300 | ' | ' |
Impairment of other real estate owned | ' | ' | 911 |
Merger and acquisition expense | 464 | ' | ' |
Other operating expenses | 13,232 | 11,375 | 8,412 |
Total non-interest expense | 84,603 | 79,317 | 64,465 |
Income before income taxes | 37,685 | 67,955 | 42,120 |
Provision for income taxes | 12,175 | 22,658 | 14,122 |
Net income | $25,510 | $45,297 | $27,998 |
Earnings per common share - basic (in dollars per share) | $0.83 | $1.53 | $0.95 |
Earnings per common share - diluted (in dollars per share) | $0.82 | $1.51 | $0.94 |
Weighted-average common shares outstanding - basic (in shares) | 30,687 | 29,654 | 29,401 |
Weighted-average common shares outstanding - diluted (in shares) | 31,077 | 29,996 | 29,784 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | ' | ' | ' |
Net income | $25,510 | $45,297 | $27,998 |
Unrealized gain on available-for-sale investment securities: | ' | ' | ' |
Unrealized holding gain (loss) arising during the year, net of tax benefit of $5.1 million in 2013, net of tax expense of $391 thousand in 2012, and net of tax expense of $4.5 million in 2011 | -9,276 | 741 | 9,644 |
Less: reclassification adjustment for net gains included in net income, net of tax expense of $0 in 2013, $0 in 2012, and $804 thousand in 2011 | ' | ' | -1,593 |
Total unrealized gain (loss) on available-for-sale investment securities | -9,276 | 741 | 8,051 |
Unrealized gain (loss) on derivative instruments designated as cash flow hedges, net of tax expense of $589 thousand in 2013, net of tax expense of $470 thousand in 2012, and net of tax benefit of $572 thousand in 2011 | 1,109 | 785 | -960 |
Comprehensive income | $17,343 | $46,823 | $35,089 |
CONSOLIDATED_STATEMENTS_OF_COM1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | ' | ' | ' |
Unrealized holding gain (loss) arising during the period, tax expense (benefit) | ($5,100) | $391 | $4,500 |
Reclassification adjustment for net gains included in net income, tax expense | 0 | 0 | 804 |
Unrealized gain (loss) on derivative instruments designated as cash flow hedges, tax expense (benefit) | $589 | $470 | ($572) |
CONSOLIDATED_STATEMENTS_OF_CHA
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $) | Total | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income |
In Thousands, except Share data, unless otherwise specified | |||||
Balance at Dec. 31, 2010 | $222,902 | $28,770 | $160,859 | $28,848 | $4,425 |
Balance (in shares) at Dec. 31, 2010 | ' | 28,770,000 | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' |
Stock options exercised | 2,627 | 429 | 2,198 | ' | ' |
Stock options exercised (in shares) | ' | 429,000 | ' | ' | ' |
Stock compensation expense, net of tax benefit | 673 | ' | 673 | ' | ' |
Dividends on common stock of $0.23, $0.20 and $0.12 per share for the years ended 2013, 2012 and 2011, respectively | -3,474 | ' | ' | -3,474 | ' |
Change in accumulated other comprehensive income | 7,091 | ' | ' | ' | 7,091 |
Net income | 27,998 | ' | ' | 27,998 | ' |
Balance at Dec. 31, 2011 | 257,817 | 29,199 | 163,730 | 53,372 | 11,516 |
Balance (in shares) at Dec. 31, 2011 | ' | 29,199,000 | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' |
Stock options exercised | 9,090 | 1,027 | 8,063 | ' | ' |
Stock options exercised (in shares) | ' | 1,027,000 | ' | ' | ' |
Stock compensation expense, net of tax benefit | 228 | ' | 228 | ' | ' |
Dividends on common stock of $0.23, $0.20 and $0.12 per share for the years ended 2013, 2012 and 2011, respectively | -5,892 | ' | ' | -5,892 | ' |
Change in accumulated other comprehensive income | 1,526 | ' | ' | ' | 1,526 |
Net income | 45,297 | ' | ' | 45,297 | ' |
Balance at Dec. 31, 2012 | 308,066 | 30,226 | 172,021 | 92,777 | 13,042 |
Balance (in shares) at Dec. 31, 2012 | ' | 30,226,000 | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' |
Stock options exercised | 1,084 | 107 | 977 | ' | ' |
Stock options exercised (in shares) | ' | 107,000 | ' | ' | ' |
Stock compensation expense, net of tax benefit | 1,003 | ' | 1,003 | ' | ' |
Dividends on common stock of $0.23, $0.20 and $0.12 per share for the years ended 2013, 2012 and 2011, respectively | -6,964 | ' | ' | -6,964 | ' |
Change in accumulated other comprehensive income | -8,167 | ' | ' | ' | -8,167 |
Net income | 25,510 | ' | ' | 25,510 | ' |
Balance at Dec. 31, 2013 | $320,532 | $30,333 | $174,001 | $111,323 | $4,875 |
Balance (in shares) at Dec. 31, 2013 | ' | 30,333,000 | ' | ' | ' |
CONSOLIDATED_STATEMENTS_OF_CHA1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY | ' | ' | ' |
Dividends on common stock (in dollars per share) | $0.23 | $0.20 | $0.12 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash flows from operating activities: | ' | ' | ' |
Net income | $25,510 | $45,297 | $27,998 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ' | ' | ' |
Depreciation | 3,196 | 2,669 | 2,517 |
Amortization of premiums, discounts and intangibles | 137 | 34 | 292 |
Impairment of pooled trust preferred securities | 300 | ' | ' |
Provision for loan losses | -32 | 7,123 | 6,910 |
Loans held for sale originated | -5,782,912 | -6,577,775 | -3,893,935 |
Proceeds from the sale of loans held for sale | 6,216,285 | 6,369,318 | 3,591,011 |
Realized and unrealized gains on mortgage banking activities | -21,615 | -47,794 | -20,529 |
Proceeds from sale, maturity and call of investment securities-trading | ' | ' | 743 |
Purchase of investment securities-trading | -1,707 | -1,174 | -1,182 |
Unrealized (gain) loss on sale of investments securities-trading | -68 | -158 | -144 |
Gain on sale of investment securities available-for-sale | ' | ' | -2,397 |
(Gain) loss on sale of other assets | ' | 49 | ' |
Decrease in fair value of other real estate owned | ' | ' | 911 |
(Gain) Loss on sales of other real estate owned | -30 | 333 | ' |
Stock compensation expense, net of tax benefits | 1,003 | 228 | 673 |
Provision for deferred income taxes | -2,866 | 5,817 | 1,086 |
Increase in cash surrender value of bank-owned life insurance | -411 | -3,072 | -796 |
(Increase) decrease in accrued interest receivable, other assets and deferred tax asset | 15,391 | -19,125 | -12,952 |
Increase (decrease) in accrued interest payable, escrow liabilities and other liabilities | -6,901 | 10,390 | 11,339 |
Net cash provided by (used in) operating activities | 445,280 | -207,840 | -288,455 |
Cash flows from investing activities: | ' | ' | ' |
Net purchases of premises and equipment | -4,393 | -3,712 | -5,102 |
Proceeds from the sale of fixed assets | ' | 1,104 | ' |
Proceeds from maturity and call of investment securities available-for-sale | 11,484 | ' | 970 |
Proceeds from sale of mortgage-backed securities available-for-sale | ' | ' | 40,384 |
Proceeds from maturity and call of investment securities held-to-maturity | ' | ' | 5,618 |
Proceeds from sale of other investments | 255 | 3,608 | 24 |
Proceeds from bank-owned life insurance | ' | 6,574 | ' |
Purchase of investment securities available-for-sale | -66,372 | -22,810 | -18,266 |
Purchase of mortgage-backed securities available-for-sale | -67,834 | ' | -62,538 |
Purchase of other investments | -5,021 | -790 | -675 |
Redemptions of investment securities available-for-sale | 35,902 | 47,761 | 49,265 |
Redemptions of investment securities held-to-maturity | 1,790 | 1,546 | 3,325 |
Proceeds from the sale of other real estate owned | ' | 5,839 | 531 |
Net increase in loans receivable, net of deferred fees and costs | -236,213 | -180,555 | -230,779 |
Net cash used in investing activities | -330,402 | -141,435 | -217,243 |
Cash flows from financing activities: | ' | ' | ' |
Net increase (decrease) in deposits | -184,899 | 468,498 | 371,535 |
Net increase (decrease) in other borrowed funds | -17,043 | -38,110 | 108,070 |
Net increase (decrease) in mortgage funding checks | -45,151 | 25,690 | 25,327 |
Proceeds from FHLB advances | 100,000 | 55,000 | 110,000 |
Repayments of FHLB advances | ' | -135,000 | -97,271 |
Stock options exercised | 1,084 | 9,090 | 2,627 |
Excess tax benefit from stock option exercises | 164 | ' | 155 |
Dividends on common stock | -6,964 | -5,892 | -3,474 |
Net cash provided by (used in) financing activities | -152,809 | 379,276 | 516,969 |
Net increase (decrease) in cash and cash equivalents | -37,931 | 30,001 | 11,271 |
Cash and cash equivalents at beginning of year | 67,140 | 37,139 | 25,868 |
Cash and cash equivalents at end of year | 29,209 | 67,140 | 37,139 |
Supplemental disclosure of cash flow information: | ' | ' | ' |
Cash paid during the year for interest | 21,823 | 24,549 | 24,189 |
Cash paid for income taxes | 14,964 | 18,262 | 13,618 |
Supplemental schedule of noncash investing and financing activities: | ' | ' | ' |
Unsettled purchases of investment securities available-for-sale | 2,050 | ' | ' |
Transfer of investment securities from held-to-maturity to available-for-sale | 2,795 | ' | ' |
Transfer of loans to other real estate owned | ' | $3,126 | $3,238 |
Organization
Organization | 12 Months Ended |
Dec. 31, 2013 | |
Organization | ' |
Organization | ' |
(1) Organization | |
        Cardinal Financial Corporation (the "Company" or "Cardinal") is incorporated under the laws of the Commonwealth of Virginia as a financial holding company whose activities consist of investment in its wholly-owned subsidiaries. The principal operating subsidiary of the Company is Cardinal Bank (the "Bank"), a state-chartered institution and its subsidiary, George Mason Mortgage, LLC ("George Mason"), a mortgage banking company based in Fairfax, Virginia. The Company had a second mortgage subsidiary, Cardinal First Mortgage, LLC ("Cardinal First") also based in Fairfax, Virginia, but as of June 30, 2013, this subsidiary merged into George Mason. In addition to the Bank, the Company has one nonbank subsidiary, Cardinal Wealth Services, Inc. ("CWS"), an investment services subsidiary. As of June 30, 2013, the remaining operations of the Bank's trust division, Cardinal Trust and Investment Services, merged into CWS. Also as of June 30, 2013, Wilson/Bennett Capital Management, Inc., formerly the Company's second nonbank subsidiary, merged into CWS. | |
        On January 16, 2014, the Company announced the completion of its acquisition of United Financial Banking Companies, Inc. ("UFBC"), the holding company of The Business Bank ("TBB"), pursuant to a previously announced definitive merger agreement. The merger of UFBC into Cardinal was effective January 16, 2014. Under the terms of the merger agreement, UFBC shareholders received $19.13 in cash and 1.154 shares of the Company's common stock in exchange for each share of UFBC common stock they owned immediately prior to the merger. TBB, which was headquartered in Vienna, Virginia, merged into Cardinal Bank effective March 8, 2014 adding eight (8) banking locations in northern Virginia, one of the Company's target markets. | |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Summary of Significant Accounting Policies | ' | ||||||
Summary of Significant Accounting Policies | ' | ||||||
(2) Summary of Significant Accounting Policies | |||||||
(a) | |||||||
Use of Estimates | |||||||
        U.S. generally accepted accounting principles are complex and require management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and contingent liabilities, at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates affecting the Company's financial statements relate to accounting for business combinations and impairment testing of goodwill, the allowance for loan losses, accounting for impairment of identifiable intangible assets, the valuation of the deferred tax assets, other-than-temporary impairment assessments for investment securities, fair value measurements of certain assets and liabilities, fair values of derivatives and investment securities and reserves for repurchase of mortgage loans previously sold to investors. Actual results could differ from these estimates. | |||||||
(b) | |||||||
Principles of Consolidation | |||||||
        The consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation. | |||||||
(c) | |||||||
Accounting for Business Combinations | |||||||
        Business combinations are accounted for under the purchase method. The purchase method requires that the cost of an acquired entity be allocated to the assets acquired and liabilities assumed, based on their estimated fair values at the date of acquisition. The excess of the cost of an acquired entity over the net of the amounts assigned to assets acquired and liabilities assumed, including identifiable intangibles, is recorded as goodwill. | |||||||
(d) | |||||||
Cash and Cash Equivalents | |||||||
        For the consolidated statements of cash flows, the Company has defined cash and cash equivalents as cash and due from banks and federal funds sold. | |||||||
(e) | |||||||
Investment Securities | |||||||
        The Company classifies its investment securities into one of three categories: available-for-sale, held-to-maturity or trading. Held-to-maturity securities are those securities for which the Company has the ability and intent to hold until maturity. Trading securities are those securities for which the Company has purchased and holds for the purpose of selling in the near future. All other securities are classified as available-for-sale. | |||||||
        Held-to-maturity securities are carried at amortized cost. Available-for-sale and trading securities are carried at estimated fair value. Unrealized gains and losses, net of applicable tax, on available-for-sale securities are reported in other comprehensive income (loss). Unrealized market value adjustments, fees and realized gains and losses, on trading securities are reported in non-interest income. | |||||||
        At December 31, 2013 and 2012, the Company had investment securities classified as trading. These investments were purchased to economically hedge against fair value changes of the Company's nonqualified deferred compensation plan liability. Those investments were designated as trading securities, and as such, the changes in fair value are reflected in earnings. | |||||||
        Gains and losses on the sale of securities are determined using the specific identification method. | |||||||
        The Company regularly evaluates its securities whose values have declined below their amortized cost to assess whether the decline in fair value is other-than-temporary. The Company considers various factors in determining whether a decline in fair value is other-than-temporary including the issuer's financial condition and/or future prospects, the effects of changes in interest rates or credit spreads, the expected recovery period and other quantitative and qualitative information. The valuation of securities for impairment is a process subject to estimation, judgment and uncertainty and is intended to determine whether declines in the fair value of investments should be recognized in current period earnings. The risks and uncertainties include changes in general economic conditions and future changes in assessments of the aforementioned factors. It is expected that such factors will change in the future, which may result in future other-than-temporary impairments. For impairments of debt securities that are deemed to be other-than-temporary, the credit portion of an other-than-temporary impairment loss is recognized in earnings and the non-credit portion is recognized in accumulated other comprehensive income in those situations where the Company does not intend to sell the security and it is more likely than not that the Company will not be required to sell the security prior to recovery. | |||||||
        On December 10, 2013, the Office of the Comptroller of the Currency, the FDIC, the Board of Governors of the Federal Reserve System, the SEC, and the Commodity Futures Trading Commission (collectively, "the Agencies"), released final rules (the "Final Rules") to implement Section 619 of the Financial Reform Act, commonly known as the "Volcker Rule". The Volcker Rule, among other things, prohibits banking entities from engaging in proprietary trading and from sponsoring, having an ownership interest in or having certain relationships with hedge funds or private equity funds (referred to in the Final Rules as a covered fund), subject to certain exemptions. The Final Rules impact certain investments held by banks in collateralized debt obligations backed by trust preferred securities, which may constitute ownership interests in covered funds as those terms are defined in the Final Rules. On January 14, 2014, an interim rule was issued by the federal banking regulators to exempt certain of these trust preferred securities from the covered fund definition as issued in the Final Rules. | |||||||
        The Company owns four pooled trust preferred securities which were all previously classified as held-to-maturity within the investment securities portfolio. Based on the interim rule, only two of the four investments were exempt from the covered fund definition. For the two investments that were not exempt as a result of the interim rule, the Company will be required to divest its investment in these particular pooled trust preferred securities prior to the effectiveness of the Final Rule in July 2015. As a result of this new regulation, these two investments were reclassified to the available-for-sale investment securities portfolio and an other-than-temporary impairment of $300,000 was recognized as of December 31, 2013 as we no longer have the ability to hold until recovery. | |||||||
        Interest income and dividends on securities are recognized in interest income on an accrual basis. Premiums and discounts are recognized in interest income using the effective interest method. Prepayments of the mortgages securing mortgage-backed securities may affect the yield to maturity. The Company uses actual principal prepayment experience and estimates of future principal prepayments in calculating the yield necessary to apply the effective interest method. | |||||||
(f) | |||||||
Loans Held for Sale | |||||||
        Mortgage loans originated and intended for sale into the secondary market are carried at the lower of cost or estimated fair value, determined on an aggregate loan basis. The Company sells its mortgage loans forward to investors and the estimated fair value is largely dependent upon the terms of these outstanding loan purchase commitments as well as movement in market interest rates. Net unrealized losses, if any, are recognized through a valuation allowance by charges to operations. The carrying amount of loans held for sale includes principal balances, valuation allowances, origination premiums or discounts and fees and direct costs that are deferred at the time of origination. | |||||||
        The Company sells its originated mortgage loans to third party investors servicing released. Upon sale and delivery, the loans are legally isolated from the Company and the Company has no ability to restrict or constrain the ability of third-party investors to pledge or exchange the mortgage loans. The Company does not have the entitlement or ability to repurchase the mortgage loans or unilaterally cause third-party investors to put the mortgage loans back to the Company. | |||||||
(g) | |||||||
Loans Receivable and Allowance for Loan Losses | |||||||
        Loans receivable that management has the intent and ability to hold for the foreseeable future or until loan maturity or pay-off are reported at their outstanding principal balance adjusted for any charge-offs, and net of the allowance for loan losses and deferred fees and costs. Loan origination fees and certain direct origination costs are deferred and amortized as an adjustment of the yield using the payment terms required by the loan contract. | |||||||
        Loans are generally placed into nonaccrual status when they are past-due 90 days as to either principal or interest or when, in the opinion of management, the collection of principal and/or interest is in doubt. A loan remains in nonaccrual status until the loan is current as to payment of both principal and interest or past-due less than 90 days and the borrower demonstrates the ability to pay and remain current. Loans are charged-off when a loan or a portion thereof is considered uncollectible. When cash payments are received, they are applied to principal first, then to accrued interest. It is the Company's policy not to record interest income on nonaccrual loans until principal has become current. In certain instances, accruing loans that are past due 90 days or more as to principal or interest may not go on nonaccrual status if the Chief Credit Officer determines that the loans are well secured and are in the process of collection. | |||||||
        The Company determines and recognizes impairment of certain loans when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the loan agreement. A loan is not considered impaired during a period of delay in payment if the Company expects to collect all amounts due, including past-due interest. An impaired loan is measured at the present value of its expected future cash flows discounted at the loan's coupon rate, or at the loan's observable market price or fair value of the collateral if the loan is collateral dependent. Because substantially all of the Company's loans are collateral dependent, the Company generally measures impairment based on the estimated fair value of the collateral. The Company measures the collateral value on impaired loans by obtaining an updated appraisal of the underlying collateral and may discount further the appraised value, if necessary, to an amount equal to the expected cash proceeds in the event the loan is foreclosed upon and the collateral is sold. In addition, an estimate of costs to sell the collateral is assumed. | |||||||
        Nonperforming assets include nonaccrual loans, loans past due 90 days or more and other real estate owned. | |||||||
        The allowance for loan losses is increased by provisions for loan losses and recoveries of previously charged-off loans, and decreased by loan charge-offs. | |||||||
        The Company maintains the allowance for loan losses at a level that represents management's best estimate of known and inherent losses in the loan portfolio. Both the amount of the provision expense and the level of the allowance for loan losses are impacted by many factors, including general and industry-specific economic conditions, actual and expected credit losses, historical trends and specific conditions of the individual borrowers including the value of the underlying collateral. Unusual and infrequently occurring events, such as weather-related disasters, may impact the assessment of possible credit losses. As a part of its analysis, the Company uses comparative peer group data and qualitative factors, such as levels of and trends in delinquencies, nonaccrual loans, charged-off loans, changes in volume and terms of loans, effects of changes in lending policy, experience and ability and depth of management, national and local economic trends and conditions and concentrations of credit, competition, and loan review results to support estimates. | |||||||
        For purposes of this analysis, the Company categorizes loans into one of five categories: commercial and industrial, commercial real estate (including construction), home equity lines of credit, residential mortgages, and consumer loans. Typically, financial institutions use their historical loss experience and trends in losses for each category which are then adjusted for portfolio trends and economical and environmental factors in determining their allowance for loan losses. Prior to 2008, the Company experienced minimal loss history within its loan portfolio and it has only been since the economic downturn that the Company has recorded a higher level of loan losses. Because of this, the Company's allowance model uses the average loss rates of similar institutions (the custom peer group) as a baseline which is then adjusted based on its particular loan portfolio characteristics and environmental factors. The indicated loss factors resulting from this analysis are applied to each of the five categories of loans. | |||||||
        The Company's peer groups are defined by selecting commercial banking institutions of similar size within Virginia, Maryland and the District of Columbia. This is known as the custom peer group. The commercial banking institutions comprising the custom peer group can change based on certain factors including but not limited to the characteristics, size, and geographic footprint of the institution. The Company has identified 20 banks for the custom peer group which are within $500 million to $5 billion in total assets, the majority of whom are geographically concentrated in the Washington metropolitan area in which the Company operates as this area has seen less of an economic downturn than other areas of the country. The Company evaluates the loan quality indicators of the custom peer group to those within its national FDIC peer group, all banks in Virginia, and all banks in Maryland. These baseline peer group loss rates are then adjusted by an estimated loss emergence factor in order to determine loss coverage for pass-level credits. Finally, the Company makes adjustments to these loss factors based on an analysis of its loan portfolio characteristics, trends, economic considerations and other conditions that should be considered in assessing the Company's credit risk. Peer loss rates are updated on at least an annual basis. | |||||||
        In addition, the Company individually assigns loss factors to all loans that have been identified as having loss attributes, as indicated by deterioration in the financial condition of the borrower or a decline in underlying collateral value if the loan is collateral dependent. In certain cases, the Company applies, in accordance with regulatory guidelines, a 5% loss factor to all loans classified as special mention, a 15% loss factor to all loans classified as substandard and a 50% loss factor to all loans classified as doubtful. Loans classified as loss loans are fully reserved or charged-off. However, in most instances, the Company evaluates the impairment of certain loans on a loan by loan basis for those loans that are adversely risk rated. For these loans, the Company analyzes the fair value of the collateral underlying the loan and considers estimated costs to sell the collateral on a discounted basis. If the net collateral value is less than the loan balance (including accrued interest and any unamortized premium or discount associated with the loan) the Company recognizes an impairment and establishes a specific reserve for the impaired loan. Because of the limited number of impaired loans within the its portfolio, the Company is able to evaluate each impaired loan individually and therefore specific reserves for impaired loans are generally less than those recommended by the listed regulatory guidelines above. | |||||||
        In addition, various regulatory agencies, as part of their examination process, periodically review the Company's allowance for loan losses. These agencies may require the Company to recognize additions to the allowance based on their risk evaluation and credit judgment. Management believes that the allowance for loan losses at December 31, 2013 and 2012 is a reasonable estimate of known and inherent losses in the loan portfolio at those dates. | |||||||
        Loans considered to be troubled debt restructuring ("TDRs") are loans that have their terms restructured (e.g., interest rates, loan maturity date, payment and amortization period, etc.) in circumstances that provide payment relief to a borrower experiencing financial difficulty. All restructured loans are considered impaired loans and may either be in accruing status or nonaccruing status. Nonaccruing restructured loans may return to accruing status provided doubt has been removed concerning the collectability of principal and interest as evidenced by a sufficient period of payment performance in accordance with the restructured terms. Loans may be removed from the restructured category in the year subsequent to the restructuring if their revised loan terms are considered to be consistent with terms that can be obtained in the credit market for loans with comparable risk and if they meet certain performance criteria. | |||||||
(h) | |||||||
Premises and Equipment | |||||||
        Land is carried at cost. Premises, furniture, equipment, and leasehold improvements are carried at cost, less accumulated depreciation and amortization. Depreciation of premises, furniture and equipment is computed using the straight-line method over estimated useful lives from three to 25 years. Amortization of leasehold improvements is computed using the straight-line method over the useful lives of the improvements or the lease term, whichever is shorter. Purchased computer software which is capitalized is amortized over estimated useful lives of one to three years. Rent expense on operating leases is recorded using the straight-line method over the appropriate lease term. | |||||||
(i) | |||||||
Goodwill and Other Intangibles | |||||||
        Goodwill, which represents the excess of purchase price over fair value of net assets acquired, is not amortized but is evaluated at least annually for impairment by comparing its fair value with its carrying amount. Impairment is indicated when the carrying amount of a reporting unit exceeds its estimated fair value. | |||||||
        ASU 2011-08 simplifies testing for goodwill impairment by permitting entities to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is greater than its carrying value. If an entity can qualitatively demonstrate that a reporting unit's fair value is more likely than not greater than its carrying value, then it would not be required to perform the quantitative two-step goodwill impairment test. | |||||||
        A two-step valuation process is applied, as required by ASU 2011-08. In Step 1, each reporting unit's fair value is determined based on three metrics: (1) a primary market approach, which measures fair value based on trading multiples of independent publicly traded financial institutions of comparable size and character to the reporting units, (2) a secondary market approach, which measures fair value based on acquisition multiples of publicly traded financial institutions of comparable size and character which were recently acquired, and (3) an income approach, which estimates fair value based on discounted cash flows. If the fair value of any reporting unit exceeds its adjusted net book value, no write-down of goodwill is necessary. If the fair value of any reporting unit is less than its adjusted net book value, a Step 2 valuation procedure is required to assess the proper carrying value of the goodwill allocated to that reporting unit. The valuation procedures applied in a Step 2 valuation are similar to those that would be performed upon an acquisition, with the Step 1 fair value representing a hypothetical reporting unit purchase price. | |||||||
        No impairment was recorded for 2013, 2012, and 2011. | |||||||
(j) | |||||||
Bank-Owned Life Insurance | |||||||
        Under the Company's bank-owned life insurance policy, executives or other key individuals are the insureds and the Company is the owner and beneficiary of the policy. As such, the insured has no claim to the insurance policy, the policy's cash value, or a portion of the policy's death proceeds. The increase in the cash surrender value over time is recorded as other non-interest income. The Company monitors the financial strength and condition of the counterparty. | |||||||
        During 2012, the Company received a death benefit payment of $6.6 million which resulted in an increase in non-interest income of $2.4 million. | |||||||
(k) | |||||||
Realized and Unrealized Gains on Mortgage Banking Activities | |||||||
        Realized and unrealized gains on mortgage banking activities include income earned by George Mason from the origination and sale of mortgage loans to third party investors, and other activities incidental to mortgage banking activities. The Company enters into interest rate lock commitments to sell and deliver the mortgage loans, servicing released, to third party investors on a best efforts basis. Unrealized gains include the recognition of the fair value of the rate lock commitment derivative, which approximates the differential between the par value of the loan and the amount that will be received upon the delivery of the loan to the third party investor. | |||||||
(l) | |||||||
Management Fee Income | |||||||
        Management fee income represents income earned for the management and operational support provided by George Mason to other mortgage banking companies (the "managed companies") owned by local homebuilders. The relationship of George Mason to these managed companies is solely as service provider and there is no fiduciary relationship or equity investment involved. Fees earned by George Mason are accrued based on contractual arrangements with each of the managed companies and are generally determined as a percentage of the managed company's net income before income taxes. During the fourth quarter of 2013, the Company amended its agreement with the managed companies to record fee income on a per loan basis. As of the effective date of the amendment, George Mason charges $700 per loan originated by each of the managed companies. | |||||||
(m) | |||||||
Investment Fee Income | |||||||
        Investment fee income represents commissions paid by customers of CWS and asset management fees paid by the customers of Wilson/Bennett for investment services. Revenue from Trust Services is also a component of investment fee income and is recognized in the period earned in accordance with contractual percentage of assets under management or custody. Trust Services revenue is generally determined based upon the fair value of assets under management or custody at the end of the period. Fees are recognized in income as they are earned. As of June 30, 2013, the Company merged the remaining operations of its trust division and Wilson/Bennett, both of which had been included in the wealth management services segment, into CWS. Results for the year ended December 31, 2013 include six months of operations of these subsidiaries. | |||||||
(n) | |||||||
Income Taxes | |||||||
        Deferred tax assets and liabilities are recognized for the tax effects of differing carrying values of assets and liabilities for tax and financial statement purposes that will reverse in future periods. Deferred tax assets and liabilities are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. | |||||||
        When uncertainty exists concerning the recoverability of a deferred tax asset, the carrying value of the asset may be reduced by a valuation allowance. The amount of any valuation allowance established is based upon an estimate of the deferred tax asset that is more likely than not to be recovered. Increases or decreases in the valuation allowance result in increases or decreases to the provision for income taxes. | |||||||
        Uncertain tax positions, if any, are accounted for by applying a recognition threshold and measurement attribute for tax positions taken or expected to be taken on a tax return. Recognition and measurement of tax positions is based on management's evaluations of relevant tax code and appropriate industry information about audit proceedings for comparable positions at other organizations. Increases to unrecognized tax benefits will occur as a result of accruing for the nonrecognition of the position for the current year. Decreases will occur as a result of the lapsing of the statute of limitations for the oldest outstanding year which includes the position. | |||||||
(o) | |||||||
Earnings Per Common Share | |||||||
        Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted-average number of shares of common stock outstanding during the periods, including shares which will be issued to settle liabilities of the deferred compensation plans. Diluted earnings per share reflects the impact of dilutive potential common shares that would have been outstanding if common stock equivalents had been issued, as well as any adjustment to income that would result from the assumed issuance. Common stock equivalents that may be issued by the Company relate primarily to outstanding stock options, and the dilutive potential common shares resulting from outstanding stock options are determined using the treasury stock method. Common stock equivalents for diluted earnings per share purposes also includes common shares which may be issued, but are not required to be issued, to settle the Company's obligations under its deferred compensation plans. The effects of anti-dilutive common stock equivalents are excluded from the calculation of diluted earnings per share. | |||||||
(p) | |||||||
Derivative Instruments and Hedging Activities | |||||||
        The Company records its derivatives at their fair values in other assets and other liabilities on the statement of condition. The Company does not enter into derivative transactions for speculative purposes. For derivatives designated as accounting hedges, the Company contemporaneously documents the hedging relationship, including the risk management objective and strategy for undertaking the hedge, how effectiveness will be assessed at inception and at each reporting period and the method for measuring ineffectiveness. The Company evaluates the effectiveness of these transactions at inception and on an ongoing basis. Ineffectiveness is recorded through earnings. For derivatives designated as cash flow hedges, the fair value adjustment is recorded as a component of other comprehensive income, net of tax, except for the ineffective portion. For derivatives designated as fair value hedges, the fair value adjustments for both the hedged item and the hedging instrument are recorded through the income statement with any difference considered the ineffective portion of the hedge. The Company discontinues hedge accounting when i) the hedge is no longer considered highly effective or ii) the derivative matures or is sold or terminates. | |||||||
        In the normal course of business, the Company enters into rate lock commitments, to finance residential mortgage loans. These commitments, which contain fixed expiration dates, offer the borrower an interest rate guarantee provided the loan meets underwriting guidelines and closes within the timeframe established by the Company. Interest rate risk arises on these commitments and subsequently closed loans if interest rates change between the time of the interest rate lock and the delivery of the loan to the investor. Loan commitments related to residential mortgage loans intended to be sold are considered derivatives and are marked to market through earnings. In addition to the effects of the change in market interest rate, the fair value measurement of the derivative also contemplates the expected cash flows to be received from the counterparty to the future sale of the loan. For purposes of calculating the aggregate fair value of the rate lock derivatives at year end, the Company assumes an estimated loan closing and investor delivery rate based on historical experience. The measurement of the estimated fair value of the rate lock derivatives is presented as realized and unrealized gains from mortgage banking activities. | |||||||
        To mitigate the effect of interest rate risk inherent in providing rate lock commitments, the Company economically hedges its commitments by entering into best efforts forward delivery loan sales contracts. During the rate lock commitment period, these forward loan sales contract derivatives are marked to fair value. The fair values of loan commitments and the fair values of forward sales contracts generally move in opposite directions, and the net impact of the changes in these valuations on net income during the loan commitment period is generally inconsequential, excluding the effect of the fair value component associated with the projected cash flows from the loan delivery to the investor. At the closing of the loan, the rate lock commitment derivative matures and the Company records a loan held for sale and continues to be obligated under the same forward loan sales contract. The loans held for sale are then designated as the hedged item in a cash flow hedge. The derivative in this relationship is the forward loan sale commitment. | |||||||
        When hedge accounting is discontinued because it is probable an anticipated loan sale will not occur, the Company recognizes immediately in earnings any gains and losses that were accumulated in other comprehensive income. | |||||||
(q) | |||||||
Stock-Based Compensation | |||||||
        The Company recognizes in the income statement the grant-date fair value of stock options and other equity-based compensation. The Company classifies stock awards as either an equity award or a liability award. Equity classified awards are valued as of the grant date using either an observable market price or a valuation methodology. Liability classified awards are valued at fair value at each reporting date. For the periods presented, all of the Company's stock options are classified as equity awards. | |||||||
        The Company awards stock options with a graded-vesting period and as such has elected to recognize compensation costs over the requisite service period for the entire award. Total compensation costs charged against income for the years ended December 31, 2013, 2012, and 2011, was $687,000, $228,000, and $604,000, respectively. The total income tax benefit related to stock options exercised and recognized in the income statement for share-based compensation arrangements was $287,000, $600,000, and $361,000, for the years ended December 31, 2013, 2012, and 2011, respectively. | |||||||
        At December 31, 2013, the Company had two stock-based employee compensation plans, which are described more fully in Note 20. | |||||||
        Stock options are granted with an exercise price equal to the common stock's fair market value on the date of grant. Director stock options have ten year terms and vest and become fully exercisable on the grant date. Certain employee stock options have ten year terms and vest and become fully exercisable in 25% increments beginning as of the grant date. In addition, the Company has granted stock options to employees of the Company that have ten year terms and vest and become fully exercisable in 20% increments beginning after their first year of service. | |||||||
        The weighted average per share fair values of stock option grants made in 2013, 2012, and 2011, were $5.83, $4.65, and $4.84, respectively. The fair values of the options granted were estimated on the grant date using the Black-Scholes option-pricing model based on the following weighted average assumptions: | |||||||
2013 | 2012 | 2011 | |||||
Estimated option life | 6.5Â years | 6.5Â years | 6.5Â years | ||||
Risk free interest rate | 1.14 - 2.21% | 0.97 - 1.69% | 1.45 - 2.81% | ||||
Expected volatility | 39.50% | 42.10% | 44.70% | ||||
Expected dividend yield | 1.23% | 1.10% | 1.02% | ||||
        Expected volatility is based upon the average annual historical volatility of the Company's common stock. The estimated option life is derived from the "simplified method" formula as described in Staff Accounting Bulletin No. 110. The risk free interest rate is based upon the seven-year U.S. Treasury note rate in effect at the time of grant. The expected dividend yield is based upon implied and historical dividend declarations. | |||||||
Investment_Securities_and_Othe
Investment Securities and Other Investments | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Investment Securities and Other Investments | ' | |||||||||||||||||||
Investment Securities and Other Investments | ' | |||||||||||||||||||
(3) Investment Securities and Other Investments | ||||||||||||||||||||
        The approximate fair value and amortized cost of investment securities at December 31, 2013 and 2012 are shown below. | ||||||||||||||||||||
2013 | ||||||||||||||||||||
(In thousands) | Gross | Gross | Gross | Fair value | ||||||||||||||||
Amortized | Unrealized | Unrealized | ||||||||||||||||||
cost | Gains | Losses | ||||||||||||||||||
Investment Securities Available-for-Sale | ||||||||||||||||||||
U.S. government-sponsored agencies | $ | 75,562 | $ | 2,914 | $ | (1,548 | ) | $ | 76,928 | |||||||||||
Mortgage-backed securities | 144,609 | 3,566 | (346 | ) | 147,829 | |||||||||||||||
Municipal securities | 113,716 | 3,426 | (404 | ) | 116,738 | |||||||||||||||
U.S. treasury securities | 4,992 | 37 | — | 5,029 | ||||||||||||||||
Pooled trust preferred securities | 2,795 | — | — | 2,795 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total | $ | 341,674 | $ | 9,943 | $ | (2,298 | ) | $ | 349,319 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Investment Securities Held-to-Maturity | ||||||||||||||||||||
Mortgage-backed securities | 2,472 | 145 | — | 2,617 | ||||||||||||||||
Pooled trust preferred securities | 4,005 | — | (1,095 | ) | 2,910 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total | $ | 6,477 | $ | 145 | $ | (1,095 | ) | $ | 5,527 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
2012 | ||||||||||||||||||||
(In thousands) | Gross | Gross | Gross | Fair value | ||||||||||||||||
Amortized | Unrealized | Unrealized | ||||||||||||||||||
cost | Gains | Losses | ||||||||||||||||||
Investment Securities Available-for-Sale | ||||||||||||||||||||
U.S. government-sponsored agencies | $ | 55,756 | $ | 5,777 | $ | — | $ | 61,533 | ||||||||||||
Mortgage-backed securities | 110,214 | 8,704 | (5 | ) | 118,913 | |||||||||||||||
Municipal securities | 79,055 | 7,292 | — | 86,347 | ||||||||||||||||
U.S. treasury securities | 4,968 | 142 | — | 5,110 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total | $ | 249,993 | $ | 21,915 | $ | (5 | ) | $ | 271,903 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Investment Securities Held-to-Maturity | ||||||||||||||||||||
Mortgage-backed securities | 3,705 | 242 | — | 3,947 | ||||||||||||||||
Pooled trust preferred securities | 7,661 | — | (2,589 | ) | 5,072 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total | $ | 11,366 | $ | 242 | $ | (2,589 | ) | $ | 9,019 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
        The fair value and amortized cost of investment securities by contractual maturity at December 31, 2013 are shown below. Expected maturities may differ from contractual maturities because many issuers have the right to call or prepay obligations with or without call or prepayment penalties. | ||||||||||||||||||||
2013 | ||||||||||||||||||||
Available-for-Sale | Held-to-Maturity | |||||||||||||||||||
(In thousands) | Amortized | Fair | Amortized | Fair | ||||||||||||||||
cost | Value | cost | Value | |||||||||||||||||
Within One Year | $ | 8,549 | $ | 8,690 | $ | — | $ | — | ||||||||||||
After 1 year but within 5 years | $ | 30,120 | $ | 31,672 | $ | — | $ | — | ||||||||||||
After 5 years but within 10 years | 61,665 | 64,876 | — | — | ||||||||||||||||
After 10Â years | 96,731 | 96,252 | 4,005 | 2,910 | ||||||||||||||||
Mortgage-backed securities | 144,609 | 147,829 | 2,472 | 2,617 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total | $ | 341,674 | $ | 349,319 | $ | 6,477 | $ | 5,527 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
        For the years ended December 31, 2013, 2012, and 2011, proceeds from sales of investment securities available-for-sale amounted to $0, $0, and $40.4 million, respectively. Gross realized gains in 2013, 2012, and 2011, amounted to $0, $0, and $2.4 million, respectively. There were no gross realized losses for each of the years ended December 31, 2013, 2012, and 2011. | ||||||||||||||||||||
        The table below shows the Company's investment securities' gross unrealized losses and their fair value, aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position at December 31, 2013 and 2012. | ||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||
Less than 12Â months | 12Â months or more | Total | ||||||||||||||||||
Investment Securities Available-for-Sale | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||
(In thousands) | Value | loss | Value | loss | Value | loss | ||||||||||||||
U.S. government sponsored agencies | $ | 38,554 | $ | (1,548 | ) | $ | — | $ | — | $ | 38,554 | $ | (1,548 | ) | ||||||
Mortgage-backed securities | 46,563 | (335 | ) | 318 | (11 | ) | 46,881 | (346 | ) | |||||||||||
Municipal securities | 30,452 | (404 | ) | — | — | 30,452 | (404 | ) | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total temporarily impaired securities | $ | 115,569 | $ | (2,287 | ) | $ | 318 | $ | (11 | ) | $ | 115,887 | $ | (2,298 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Less than | 12Â months or more | Total | ||||||||||||||||||
12Â months | ||||||||||||||||||||
Investment Securities Held-to-Maturity | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||
(In thousands) | Value | loss | Value | loss | Value | loss | ||||||||||||||
Pooled trust preferred securities | $ | — | $ | — | $ | 2,910 | $ | (1,095 | ) | $ | 2,910 | $ | (1,095 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total temporarily impaired securities | $ | — | $ | — | $ | 2,910 | $ | (1,095 | ) | $ | 2,910 | $ | (1,095 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
At December 31, 2012 | ||||||||||||||||||||
Less than | 12Â months or more | Total | ||||||||||||||||||
12Â months | ||||||||||||||||||||
Investment Securities Available-for-Sale | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||
(In thousands) | Value | loss | Value | loss | Value | loss | ||||||||||||||
Mortgage-backed securities | $ | — | $ | — | $ | 362 | $ | (5 | ) | $ | 362 | $ | (5 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total temporarily impaired securities | $ | — | $ | — | $ | 362 | $ | (5 | ) | $ | 362 | $ | (5 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Less than | 12Â months or more | Total | ||||||||||||||||||
12Â months | ||||||||||||||||||||
Investment Securities Held-to-Maturity | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||
(In thousands) | Value | loss | Value | loss | Value | loss | ||||||||||||||
Pooled trust preferred securities | $ | — | $ | — | $ | 5,072 | $ | (2,589 | ) | $ | 5,072 | $ | (2,589 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total temporarily impaired securities | $ | — | $ | — | $ | 5,072 | $ | (2,589 | ) | $ | 5,072 | $ | (2,589 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        The Company estimates the fair value of its pooled trust preferred securities portfolio by using third party projected cash flows for each of the issuances in the portfolio, and a discount rate that is commensurate with the risk inherent in the expected cash flows is applied to arrive at the estimated fair value. | ||||||||||||||||||||
        The Company completes reviews for other-than-temporary impairment at least quarterly. As of December 31, 2013, the majority of the investment securities portfolio consisted of securities rated AAA by a leading rating agency. Investment securities which carry a AAA rating are judged to be of the best quality and carry the smallest degree of investment risk. At December 31, 2013, 98% of the Company's mortgage-backed securities are guaranteed by the Federal National Mortgage Association (FNMA), the Federal Home Loan Mortgage Corporation (FHLMC) and the Government National Mortgage Association (GNMA). | ||||||||||||||||||||
        The Company has $2.4 million in non-government non-agency mortgage-backed securities in its held-to-maturity portfolio. These securities are rated from AAA to AA. The various protective elements on the non agency securities may change in the future if market conditions or the financial stability of credit insurers changes, which could impact the ratings of these securities. | ||||||||||||||||||||
        At December 31, 2013, certain of the Company's investment grade securities were in an unrealized loss position. Investment securities with unrealized losses are a result of pricing changes due to recent and negative conditions in the current market environment and not as a result of permanent credit impairment. Contractual cash flows for the agency mortgage-backed securities are guaranteed and/or funded by the U.S. government. Other mortgage-backed securities and municipal securities have third party protective elements and there are no negative indications that the contractual cash flows will not be received when due. The Company does not intend to sell nor does the Company believe it will be required to sell any of its temporarily impaired securities prior to the recovery of the amortized cost. | ||||||||||||||||||||
        The Company owns four pooled trust preferred securities which were all previously classified as held-to-maturity within the investment securities portfolio. Based on the interim rule, only two of the four investments were exempt from the covered fund definition. For the two investments that were not exempt as a result of the interim rule, the Company will be required to divest its investment in these particular pooled trust preferred securities prior to the effectiveness of the Final Rule on July 21, 2015. As a result of this new regulation, these two investments which had a par value of $3.1 million and a carrying value of $2.8 million at December 31, 2013, were reclassified to the available-for-sale investment securities portfolio and an other-than-temporary impairment of $300,000 was recognized as of December 31, 2013 as the Company no longer has the ability to hold until recovery. The impairment recorded was determined based on the market bid price of these investments. | ||||||||||||||||||||
        The par value of the two pooled trust preferred securities still classified as held-to-maturity totaled $4.0 million at December 31, 2013. The collateral underlying these structured securities are instruments issued by financial institutions. The Company owns the A-3 tranches in each issuance. Each of the bonds is rated by more than one rating agency. One security has a composite rating of A- and the other security has a composite rating of BBB+. Observable trading activity remains limited for these types of securities. The Company has estimated the fair value of the securities through the use of internal calculations and through information provided by external pricing services. Given the level of subordination below the A-3 tranches, and the actual and expected performance of the underlying collateral, the Company expects to receive all contractual interest and principal payments recovering the amortized cost basis of each of the securities, and concluded that these securities are not other-than-temporarily impaired. The Company continuously monitors the financial condition of the underlying issues and the level of subordination below the A-3 tranches. The Company also utilizes a multi-scenario model which assumes varying levels of additional defaults and deferrals and the effects of such adverse developments on the contractual cash flows for the A-3 tranches. In each of the adverse scenarios, there was no indication of a break to the A-3 contractual cash flows. | ||||||||||||||||||||
        In one of the pooled trust preferred securities, 60% of the principal balance is subordinate to the Company's class of ownership, and it is estimated that a break in contractual cash flow would occur if $169 million of the remaining $233 million, or 73% of the performing collateral defaulted or deferred payment. In the other pooled trust preferred security, 56% of the principal balance is subordinate to the Company's class of ownership, and it is estimated that a break in contractual cash flow would occur if $155 million of the remaining $243 million, or 64% of the performing collateral defaulted or deferred payment. Significant judgment is involved in the evaluation of other-than-temporary impairment. The Company does not intend to sell nor does the Company believe it is probable that it will be required to sell these pooled trust preferred securities prior to the recovery of its investment. | ||||||||||||||||||||
        With the exception of the aforementioned impairment recorded on the Company's pooled trust preferred securities, no other-than-temporary impairment has been recognized for the remaining securities in the Company's investment portfolio as of December 31, 2013, 2012, and 2011. | ||||||||||||||||||||
        Investment securities that were pledged to secure borrowed funds and other balances as required at December 31, 2013 and 2012 had carrying values of $188.1 million and $235.9 million, respectively. The market values of these pledged securities at December 31, 2013 and 2012 were $197.1 million and $256.1 million, respectively. They were pledged as follows: | ||||||||||||||||||||
2013 | ||||||||||||||||||||
(In thousands) | Carrying Value | Market Value | ||||||||||||||||||
FHLB advances | $ | 6,510 | $ | 7,225 | ||||||||||||||||
Customer repurchase agreements | 119,883 | 125,703 | ||||||||||||||||||
Debtor in possession, public deposits, trust services division deposits and interest rate swap | 61,695 | 64,144 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
$ | 188,088 | $ | 197,072 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
2012 | ||||||||||||||||||||
(In thousands) | Carrying Value | Market Value | ||||||||||||||||||
FHLB advances | $ | 8,497 | $ | 9,731 | ||||||||||||||||
Customer repurchase agreements | 164,258 | 177,708 | ||||||||||||||||||
Debtor in possession, public deposits, trust services division deposits and interest rate swap | 63,180 | 68,699 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
$ | 235,935 | $ | 256,138 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
        Investment securities are pledged against certain customer deposit accounts (referred to as customer repurchase agreements). See Note 11 to the notes to consolidated financial statements for additional information. | ||||||||||||||||||||
        Other investments include Federal Home Loan Bank stock of $17.8 million and $13.6 million at December 31, 2013 and 2012, respectively, and $63,000 of Community Bankers' Bank stock at December 31, 2013 and 2012. As a member of the Federal Home Loan Bank of Atlanta ("FHLB"), the Company's banking subsidiary is required to hold stock in this entity. Stock membership in Community Bankers' Bank allows the Company to participate in loan purchases and sales. In addition, included in other investments at December 31, 2013 and 2012 is the Company's $619,000 investment in Cardinal Statutory Trust I. At December 31, 2013 and 2012, the Company has an equity investment in a local bank holding company of $50,000. These investments are carried at cost since no active trading markets exist. At December 31, 2013, the Company had low income housing fund investments of $524,000 compared to $2,000 at December 31, 2012. | ||||||||||||||||||||
        The Company's policy is to review for impairment of FHLB stock at each reporting period. At December 31, 2013, FHLB was in compliance with all of its regulatory capital requirements. The Company believes its holdings in the stock are ultimately recoverable at par value as of December 31, 2013. In addition, the Company has ample liquidity and does not require redemption of its FHLB stock in the foreseeable future. Based on the Company's analysis of positive and negative factors, it believes that as of December 31, 2013 and 2012, its FHLB stock was not impaired. | ||||||||||||||||||||
Investment_Securities_Trading
Investment Securities - Trading | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Investment Securities - Trading | ' | |||||||
Investment Securities - Trading | ' | |||||||
(4) Investment Securities—Trading | ||||||||
        The Company acquired investment assets and designated them as trading to economically hedge against fair value changes of the Company's nonqualified deferred compensation plan liability. Those investments were designated as trading securities, and as such, the changes in fair value are reflected in earnings. Trading securities at December 31, 2013 and 2012 are as follows: | ||||||||
(in thousands) | 2013 | 2012 | ||||||
Cash equivalents | $ | 506 | $ | 464 | ||||
Equities | — | 419 | ||||||
Mutual funds | 3,384 | 2,268 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 3,890 | $ | 3,151 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        The net realized gain on trading securities for the years ended December 31, 2013, 2012, and 2011 and was $68,000, $158,000, and $144,000, respectively. | ||||||||
Loans_Receivable_and_Allowance
Loans Receivable and Allowance for Loan Losses | 12 Months Ended | |||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||
Loans Receivable and Allowance for Loan Losses | ' | |||||||||||||||||||||||||
Loans Receivable and Allowance for Loan Losses | ' | |||||||||||||||||||||||||
(5) Loans Receivable and Allowance for Loan Losses | ||||||||||||||||||||||||||
        The loan portfolio at December 31, 2013 and 2012 consists of the following: | ||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | ||||||||||||||||||||||||
Commercial and industrial | $ | 219,156 | $ | 222,961 | ||||||||||||||||||||||
Real estate—commercial | 1,048,579 | 827,243 | ||||||||||||||||||||||||
Real estate—construction | 363,063 | 373,717 | ||||||||||||||||||||||||
Real estate—residential | 299,484 | 260,352 | ||||||||||||||||||||||||
Home equity lines | 109,481 | 117,647 | ||||||||||||||||||||||||
Consumer | 4,159 | 4,204 | ||||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
2,043,922 | 1,806,124 | |||||||||||||||||||||||||
Net deferred fees | (3,754 | ) | (2,695 | ) | ||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
Loans receivable, net of fees | 2,040,168 | 1,803,429 | ||||||||||||||||||||||||
Allowance for loan losses | (27,864 | ) | (27,400 | ) | ||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
Loans receivable, net | $ | 2,012,304 | $ | 1,776,029 | ||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
        Loans totaling $1.1 billion serve as collateral for the Company's Federal Home Loan Bank advance capacity at December 31, 2013. Loans held as collateral at the Federal Reserve for use of the Company's discount window line of credit total $109.8 million at December 31, 2013. | ||||||||||||||||||||||||||
        For purposes of monitoring the performance of the loan portfolio and estimating the allowance for loan losses, the Company's loans receivable portfolio is segmented as follows: commercial and industrial, real estate-commercial, real estate-construction, real estate-residential, home equity lines and consumer loans. | ||||||||||||||||||||||||||
        Commercial and Industrial Loans.    The Company makes commercial loans to qualified businesses within its market area. The commercial lending portfolio consists primarily of commercial and industrial loans for the financing of accounts receivable, property, plant and equipment. The Company has a government contract lending group which provides secured lending to government contracting firms and businesses based primarily on receivables from the federal government. In addition, the Company, which is certified as a preferred lender by the Small Business Administration (SBA), offers SBA guaranteed loans and asset-based lending arrangements to its customers. | ||||||||||||||||||||||||||
        Commercial and industrial loans generally have a higher degree of risk than other certain types of loans. Commercial loans typically are made on the basis of the borrower's ability to repay the loan from the cash flow from its business and are secured by business assets, such as commercial real estate, accounts receivable, equipment and inventory, the values of which may fluctuate over time and generally cannot be appraised with as much precision as residential real estate. As a result, the availability of funds for the repayment of commercial loans may be substantially dependent upon the commercial success of the business itself. To manage these risks, the Company's policy is to secure commercial loans originated with both the assets of the business, which are subject to the risks described above, and other additional collateral and guarantees that may be available. | ||||||||||||||||||||||||||
        Real Estate-Commercial Loans.    Real estate-commercial loans are primarily secured by various types of commercial real estate, including office, retail, warehouse, industrial and other non-residential types of properties and are made to the owners and/or occupiers of such property. | ||||||||||||||||||||||||||
        These loans typically involve larger loan balances concentrated with single borrowers or groups of related borrowers. Additionally, the repayment of loans secured by income-producing properties is typically dependent upon the successful operation of a business or real estate project and thus may be subject to adverse conditions in the commercial real estate market or in the general economy. The Company generally requires personal guarantees or endorsements with respect to these loans and loan-to-value ratios for real estate-commercial loans generally do not exceed 80%. | ||||||||||||||||||||||||||
        Real Estate-Construction Loans.    The Company's real estate-construction loan portfolio consists of single-family residential properties, multi-family properties and commercial projects. Construction lending entails significant additional risks as they often involve larger loan balances concentrated with single borrowers or groups of related borrowers. Construction loans also involve additional risks since funds are advanced while the property is under construction, which property has uncertain value prior to the completion of construction. Thus, it is more difficult to accurately evaluate the total loan funds required to complete a project and related loan-to-value ratios. To reduce the risks associated with construction lending, the Company generally limits loan-to-value ratios to 80% of when-completed appraised values for owner-occupied residential or commercial properties and for investor-owned residential or commercial properties. Construction loan agreements may include provisions which allow for the payment of contractual interest from an interest reserve. Amounts drawn from an interest reserve increase the amount of the outstanding balance of the construction loan. This is an industry standard practice. | ||||||||||||||||||||||||||
        Real Estate-Residential and Home Equity Loans.    Real estate-residential loans are originated by Cardinal Bank and George Mason. This portfolio consists of residential first and second mortgage loans, residential construction loans and home equity lines of credit and term loans secured primarily by the residences of borrowers. | ||||||||||||||||||||||||||
        Residential mortgage loans and home equity lines of credit secured by owner-occupied property generally are made with a loan-to-value ratio of up to 80%. Loan-to-value ratios of up to 90% may be allowed on residential owner-occupied property if the borrower exhibits unusually strong creditworthiness. | ||||||||||||||||||||||||||
        Consumer Loans.    The Company's consumer loans consist primarily of installment loans made to individuals for personal, family and household purposes. The specific types of consumer loans originated include home improvement loans, automobile loans, debt consolidation loans and other general consumer lending. | ||||||||||||||||||||||||||
        Consumer loans may entail greater risk than certain other types of loans, particularly in the case of consumer loans that are unsecured, such as lines of credit, or secured by rapidly depreciable assets, such as automobiles. | ||||||||||||||||||||||||||
        The Company's policy for consumer loans is to accept moderate risk while minimizing losses, primarily through a careful credit and financial analysis of the borrower. In evaluating consumer loans, the Company requires its lending officers to review the borrower's collateral and stability of income, past credit history, amount of debt currently outstanding and the impact of these factors on the ability of the borrower to repay the loan in a timely manner. | ||||||||||||||||||||||||||
        The Company also issues credit cards to certain of its customers. In determining to whom the Company will issue credit cards, the Company evaluates the borrower's level and stability of income, past credit history and other factors. Credit card receivables are included in the consumer loan portfolio. | ||||||||||||||||||||||||||
        Substantially all of the Company's loans, commitments and standby letters of credit have been granted to customers located in the Washington, D.C. metropolitan area. As a matter of regulatory restriction, the Company's banking subsidiary limits the amount of credit extended to any single borrower or group of related borrowers. At December 31, 2013, the amount of credit extended to any single borrower or group of related borrowers was limited to $51.5 million. Loans in process at December 31, 2013 and 2012 were $0 and $573,000, respectively. | ||||||||||||||||||||||||||
        The Company's allowance for loan losses is based first, on a segmentation of its loan portfolio by general loan type, or portfolio segments, as presented in the preceding table. Certain portfolio segments are further disaggregated and evaluated collectively for impairment based on class segments, which are largely based on the type of collateral underlying each loan. | ||||||||||||||||||||||||||
        An analysis of the change in the allowance for loan losses follows: | ||||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||||||||||||||||
Balance, beginning of year | $ | 27,400 | $ | 26,159 | $ | 24,210 | ||||||||||||||||||||
Provision for loan losses | (32 | ) | 7,123 | 6,910 | ||||||||||||||||||||||
Loans charged-off | (231 | ) | (6,919 | ) | (5,654 | ) | ||||||||||||||||||||
Recoveries | 727 | 1,037 | 693 | |||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||||||
Balance, end of year | $ | 27,864 | $ | 27,400 | $ | 26,159 | ||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||||||
        An analysis of the allowance for loan losses based on loan type, or segment, and the Company's loan portfolio, which identifies certain loans that are evaluated for individual or collective impairment, is below: | ||||||||||||||||||||||||||
Allowance for Loan Losses | ||||||||||||||||||||||||||
For the Year Ended December 31, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Commercial and | Real Estate— | Real Estate— | Real Estate— | Home Equity | Consumer | Total | ||||||||||||||||||||
Industrial | Commercial | Construction | Residential | Lines | ||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||
Beginning Balance, January 1 | $ | 525 | $ | 17,990 | $ | 7,675 | $ | 857 | $ | 266 | $ | 87 | 27,400 | |||||||||||||
Charge-offs | (42 | ) | — | — | (185 | ) | — | (4 | ) | (231 | ) | |||||||||||||||
Recoveries | 311 | 289 | 21 | 104 | — | 2 | 727 | |||||||||||||||||||
Provision for loan losses | 2,535 | (2,203 | ) | (2,360 | ) | 1,645 | 343 | 8 | (32 | ) | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance, December 31, 2013 | $ | 3,329 | $ | 16,076 | $ | 5,336 | $ | 2,421 | $ | 609 | $ | 93 | $ | 27,864 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance, December 31, 2013: | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Collectively evaluated for impairment | 3,329 | 16,076 | 5,336 | 2,421 | 609 | 93 | 27,864 | |||||||||||||||||||
Loans Receivable | ||||||||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Commercial and | Real Estate— | Real Estate— | Real Estate— | Home Equity | Consumer | Total | ||||||||||||||||||||
Industrial | Commercial | Construction | Residential | Lines | ||||||||||||||||||||||
Loans Receivable: | ||||||||||||||||||||||||||
Ending Balance, December 31, 2013 | $ | 219,156 | $ | 1,048,579 | $ | 363,063 | $ | 299,484 | $ | 109,481 | $ | 4,159 | $ | 2,043,922 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance, December 31, 2013: | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 814 | $ | 1,738 | $ | 775 | $ | — | $ | 51 | $ | — | $ | 3,378 | ||||||||||||
Collectively evaluated for impairment | 218,342 | 1,046,841 | 362,288 | 299,484 | 109,430 | 4,159 | 2,040,544 | |||||||||||||||||||
Allowance for Loan Losses | ||||||||||||||||||||||||||
For the Year Ended December 31, 2012 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Commercial and | Real Estate— | Real Estate— | Real Estate— | Home Equity | Consumer | Total | ||||||||||||||||||||
Industrial | Commercial | Construction | Residential | Lines | ||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||
Beginning Balance, January 1 | $ | 3,390 | $ | 13,377 | $ | 6,495 | $ | 1,709 | $ | 1,119 | $ | 69 | 26,159 | |||||||||||||
Charge-offs | (1,194 | ) | (4,959 | ) | — | (291 | ) | (460 | ) | (15 | ) | (6,919 | ) | |||||||||||||
Recoveries | 24 | 105 | 627 | 241 | 36 | 4 | 1,037 | |||||||||||||||||||
Provision for loan losses | (1,695 | ) | 9,467 | 553 | (802 | ) | (429 | ) | 29 | 7,123 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance, December 31, 2012 | $ | 525 | $ | 17,990 | $ | 7,675 | $ | 857 | $ | 266 | $ | 87 | $ | 27,400 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance, December 31, 2012: | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Collectively evaluated for impairment | 525 | 17,990 | 7,675 | 857 | 266 | 87 | 27,400 | |||||||||||||||||||
Loans Receivable | ||||||||||||||||||||||||||
At December 31, 2012 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Commercial and | Real Estate— | Real Estate— | Real Estate— | Home Equity | Consumer | Total | ||||||||||||||||||||
Industrial | Commercial | Construction | Residential | Lines | ||||||||||||||||||||||
Loans Receivable: | ||||||||||||||||||||||||||
Ending Balance, December 31, 2012 | $ | 222,961 | $ | 827,243 | $ | 373,717 | $ | 260,352 | $ | 117,647 | $ | 4,204 | $ | 1,806,124 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance, December 31, 2012: | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 2,064 | $ | 1,657 | $ | 4,725 | $ | — | $ | — | $ | — | $ | 8,446 | ||||||||||||
Collectively evaluated for impairment | 220,897 | 825,586 | 368,992 | 260,352 | 117,647 | 4,204 | 1,797,678 | |||||||||||||||||||
        The accounting policy related to the allowance for loan losses is considered a critical policy given the level of estimation, judgment and uncertainty in evaluating the levels of the allowance required for the inherent probable losses in the loan portfolio and the material effect such estimation, judgment and uncertainty can have on the consolidated financial results. | ||||||||||||||||||||||||||
        The Company's ongoing credit quality management process relies on a system of activities to assess and evaluate various factors that impact the estimation of the allowance for loan losses. These factors include, but are not limited to: current economic conditions; loan concentrations, collateral adequacy and value; past loss experience for particular types of loans, size, composition and nature of loans; migration of loans through the Company's loan rating methodology; trends in charge-offs and recoveries. This process also contemplates a disciplined approach to managing and monitoring credit exposures to ensure that the structure and pricing of credit is always consistent with the Company's assessment of the risk. The loan officer has frequent contact with the borrower and is a key player in the credit management process and must develop and diligently practice sound credit management skills and habits to ensure effectiveness. Under the direction of the Company's loan committee and the chief credit officer, the credit risk management function works with the loans officers and other groups within the Company to monitor the loan portfolio, maintain the watch list, and compile the analysis necessary to determine the allowance for loan losses. | ||||||||||||||||||||||||||
        Loans are added to the watch list when circumstances appear to warrant the inclusion of the relationship. As a general rule, loans are added to the watch list when they are deemed to be problem assets. Problem assets are defined as those that have been risk rated substandard or lower. Successful problem asset management requires early recognition of deteriorating credits and timely corrective or risk management actions. Generally, risk ratings are either approved or amended by the loan committee accordingly. Problem loans are maintained on the watch list until the loan is either paid off or circumstances around the borrower's situation improve to the point that the risk rating on the loan is adjusted upward. | ||||||||||||||||||||||||||
        In addition to internal activities, the Company also engages an external consultant on a quarterly basis to review the Company's loan portfolio. This external loan review function helps to evaluate the soundness of the loan portfolio through a third party review of existing exposures in the portfolio, supporting the commercial loan officers in the execution of its credit management responsibilities, and monitoring the adherence to the Company's credit risk management standards. | ||||||||||||||||||||||||||
        The following tables report the Company's nonaccrual and past due loans at December 31, 2013 and 2012. In addition, the credit quality of the loan portfolio is provided as of December 31, 2013 and 2012. | ||||||||||||||||||||||||||
Nonaccrual and Past Due Loans | ||||||||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
30Â -Â 59 | 60Â -Â 89 | 90 Days | Total | Current | Total Loans | 90 Days | Nonaccrual | |||||||||||||||||||
Days | Days | or More | Past Due | Past Due | Loans | |||||||||||||||||||||
Past Due | Past Due | Past Due | and Still | |||||||||||||||||||||||
(includes | Accruing | |||||||||||||||||||||||||
nonaccrual) | ||||||||||||||||||||||||||
Commercial and industrial | $ | 101 | $ | 316 | $ | — | $ | 417 | $ | 218,739 | 219,156 | $ | — | $ | — | |||||||||||
Real estate—commercial | ||||||||||||||||||||||||||
Owner occupied | — | — | — | — | 279,631 | 279,631 | — | — | ||||||||||||||||||
Non-owner occupied | 82 | — | 1,738 | 1,820 | 767,128 | 768,948 | — | 1,738 | ||||||||||||||||||
Real estate—construction | ||||||||||||||||||||||||||
Residential | — | — | — | — | 120,144 | 120,144 | — | — | ||||||||||||||||||
Commercial | — | — | 525 | 525 | 242,394 | 242,919 | — | 525 | ||||||||||||||||||
Real estate—residential | ||||||||||||||||||||||||||
Single family | 8 | — | — | 8 | 213,537 | 213,545 | — | — | ||||||||||||||||||
Multi-family | — | — | — | — | 85,939 | 85,939 | — | — | ||||||||||||||||||
Home equity lines | — | — | 51 | 51 | 109,430 | 109,481 | — | 51 | ||||||||||||||||||
Consumer | ||||||||||||||||||||||||||
Installment | — | — | — | — | 3,912 | 3,912 | — | — | ||||||||||||||||||
Credit cards | — | — | — | — | 247 | 247 | — | — | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 191 | $ | 316 | $ | 2,314 | $ | 2,821 | $ | 2,041,101 | $ | 2,043,922 | $ | — | $ | 2,314 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Nonaccrual and Past Due Loans | ||||||||||||||||||||||||||
At December 31, 2012 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
30Â -Â 59 | 60Â -Â 89 | 90 Days | Total | Current | Total Loans | 90 Days | Nonaccrual | |||||||||||||||||||
Days | Days | or More | Past Due | Past Due | Loans | |||||||||||||||||||||
Past Due | Past Due | Past Due | and Still | |||||||||||||||||||||||
(includes | Accruing | |||||||||||||||||||||||||
nonaccrual) | ||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | 2,064 | $ | 2,064 | $ | 220,897 | 222,961 | $ | — | $ | 2,064 | |||||||||||
Real estate—commercial | ||||||||||||||||||||||||||
Owner occupied | — | — | — | — | 255,343 | 255,343 | — | — | ||||||||||||||||||
Non-owner occupied | — | — | 3,800 | 3,800 | 568,100 | 571,900 | — | 3,800 | ||||||||||||||||||
Real estate—construction | ||||||||||||||||||||||||||
Residential | — | — | — | — | 84,551 | 84,551 | — | — | ||||||||||||||||||
Commercial | — | — | 1,762 | 1,762 | 287,404 | 289,166 | — | 1,762 | ||||||||||||||||||
Real estate—residential | ||||||||||||||||||||||||||
Single family | — | — | — | — | 209,740 | 209,740 | — | — | ||||||||||||||||||
Multi-family | — | — | — | — | 50,612 | 50,612 | — | — | ||||||||||||||||||
Home equity lines | — | — | — | — | 117,647 | 117,647 | — | — | ||||||||||||||||||
Consumer | ||||||||||||||||||||||||||
Installment | — | — | — | — | 3,916 | 3,916 | — | — | ||||||||||||||||||
Credit cards | — | — | — | — | 288 | 288 | — | — | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | — | $ | — | $ | 7,626 | $ | 7,626 | $ | 1,798,498 | $ | 1,806,124 | $ | — | $ | 7,626 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        At December 31, 2013, 2012, and 2011, the Company had impaired loans on nonaccrual status of $2.3 million, $7.6 million, and $14.6 million, respectively. The valuation allowance for impaired loans for each of the years ended December 31, 2013 and 2012 was $0. For the years ended December 31, 2013, 2012, and 2011, the Company charged-off $0, $4.8 million, and $5.1 million, respectively, related to impaired loans for the portion of the outstanding principal balance which was unsecured based on the estimated fair value of the underlying collateral. | ||||||||||||||||||||||||||
        The average balance of impaired loans was $4.2 million, $11.3 million, and $10.3 million, for 2013, 2012, and 2011, respectively. Interest income that would have been recorded had these loans been performing for the years ended December 31, 2013, 2012, and 2011, would have been $626,000, $491,000, and $766,000, respectively. The interest income realized prior to these loans being placed on nonaccrual status for December 31, 2013, 2012, and 2011, was $5,000, $111,000, and $341,000, respectively. For each of the years ended December 31, 2013 and 2012, the Company did not have any accruing loans past due 90 days or more as to principal or interest payments. | ||||||||||||||||||||||||||
        Additional information on the Company's impaired loans that were evaluated for specific reserves as of December 31, 2013 and 2012, including the recorded investment on the statement of condition and the unpaid principal balance, is shown below: | ||||||||||||||||||||||||||
Impaired Loans | ||||||||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Recorded | Unpaid Principal | Related | Interest Income | |||||||||||||||||||||||
Investment | Balance | Allowance | Recognized | |||||||||||||||||||||||
With no related allowance: | ||||||||||||||||||||||||||
Commercial and industrial | $ | 814 | $ | 814 | $ | — | $ | 23 | ||||||||||||||||||
Real estate—commercial | ||||||||||||||||||||||||||
Owner occupied | — | — | — | — | ||||||||||||||||||||||
Non-owner occupied | 1,738 | 3,872 | — | — | ||||||||||||||||||||||
Real estate—construction | ||||||||||||||||||||||||||
Residential | — | — | — | — | ||||||||||||||||||||||
Commercial | 775 | 2,928 | — | — | ||||||||||||||||||||||
Real estate—residential | ||||||||||||||||||||||||||
Single family | — | — | — | — | ||||||||||||||||||||||
Multi-family | — | — | — | — | ||||||||||||||||||||||
Home equity lines | 51 | 51 | — | — | ||||||||||||||||||||||
With related allowance: | ||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
Real estate—commercial | — | |||||||||||||||||||||||||
Owner occupied | — | — | — | — | ||||||||||||||||||||||
Non-owner occupied | — | — | — | — | ||||||||||||||||||||||
Real estate—construction | — | |||||||||||||||||||||||||
Residential | — | — | — | — | ||||||||||||||||||||||
Commercial | — | — | — | — | ||||||||||||||||||||||
Real estate—residential | — | |||||||||||||||||||||||||
Single family | — | — | — | — | ||||||||||||||||||||||
Multi-family | — | — | — | — | ||||||||||||||||||||||
Home equity lines | — | — | — | — | ||||||||||||||||||||||
By segment total: | ||||||||||||||||||||||||||
Commercial and industrial | $ | 814 | $ | 814 | $ | — | $ | 23 | ||||||||||||||||||
Real estate—commercial | 1,738 | 3,872 | — | — | ||||||||||||||||||||||
Real estate—construction | 775 | 2,928 | — | — | ||||||||||||||||||||||
Real estate—residential | — | — | — | — | ||||||||||||||||||||||
Home equity lines | 51 | 51 | — | — | ||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Total | $ | 3,378 | $ | 7,665 | $ | — | $ | 23 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
        The difference between the recorded investment and the unpaid principal balance in the above table is a result of partial loan charge-offs that the Company has recorded on these impaired loans. | ||||||||||||||||||||||||||
Impaired Loans | ||||||||||||||||||||||||||
At December 31, 2012 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Recorded | Unpaid Principal | Related | Interest Income | |||||||||||||||||||||||
Investment | Balance | Allowance | Recognized | |||||||||||||||||||||||
With no related allowance: | ||||||||||||||||||||||||||
Commercial and industrial | $ | 2,064 | $ | 2,985 | $ | — | $ | 269 | ||||||||||||||||||
Real estate—commercial | ||||||||||||||||||||||||||
Owner occupied | — | — | — | — | ||||||||||||||||||||||
Non-owner occupied | 4,370 | 6,943 | — | 35 | ||||||||||||||||||||||
Real estate—construction | ||||||||||||||||||||||||||
Residential | — | — | — | — | ||||||||||||||||||||||
Commercial | 2,012 | 5,449 | — | 469 | ||||||||||||||||||||||
Real estate—residential | ||||||||||||||||||||||||||
Single family | — | — | — | — | ||||||||||||||||||||||
Multi-family | — | — | — | — | ||||||||||||||||||||||
Home equity lines | — | — | — | — | ||||||||||||||||||||||
With related allowance: | ||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
Real estate—commercial | — | |||||||||||||||||||||||||
Owner occupied | — | — | — | — | ||||||||||||||||||||||
Non-owner occupied | — | — | — | — | ||||||||||||||||||||||
Real estate—construction | — | |||||||||||||||||||||||||
Residential | — | — | — | — | ||||||||||||||||||||||
Commercial | — | — | — | — | ||||||||||||||||||||||
Real estate—residential | — | |||||||||||||||||||||||||
Single family | — | — | — | — | ||||||||||||||||||||||
Multi-family | — | — | — | — | ||||||||||||||||||||||
Home equity lines | — | — | — | — | ||||||||||||||||||||||
By segment total: | ||||||||||||||||||||||||||
Commercial and industrial | $ | 2,064 | $ | 2,985 | $ | — | $ | 269 | ||||||||||||||||||
Real estate—commercial | 4,370 | 6,943 | — | 35 | ||||||||||||||||||||||
Real estate—construction | 2,012 | 5,449 | — | 469 | ||||||||||||||||||||||
Real estate—residential | — | — | — | — | ||||||||||||||||||||||
Home equity lines | — | — | — | — | ||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Total | $ | 8,446 | $ | 15,377 | $ | — | $ | 773 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
        In order to maximize the collection of certain loans, the Company will attempt to work with borrowers when necessary to extend or modify loan terms to better align with the borrower's ability to repay. Extensions and modifications to loans are made in accordance with the Company's policy and conform to regulatory guidance. Each occurrence is unique to the borrower and is evaluated separately. The Company considers regulatory guidelines when restructuring a loan to ensure that prudent lending practices are followed. As such, qualification criteria and payment terms consider the borrower's current and prospective ability to comply with the modified terms of the loan. | ||||||||||||||||||||||||||
        A modification is classified as a troubled debt restructuring ("TDR") if both of the following exist: (1) the borrower is experiencing financial difficulty and (2) the Company has granted a concession to the borrower. The Company determines that a borrower may be experiencing financial difficulty if the borrower is currently in default on any of its debt, or if the Company is concerned that the borrower may not be able to perform in accordance with the current terms of the loan agreement in the foreseeable future. Many aspects of the borrower's financial situation are assessed when determining whether they are experiencing financial difficulty, particularly as it relates to commercial borrowers due to the complex nature of the loan structure, business/industry risk, and borrower/guarantor structures. Concessions may include the reduction of an interest rate at a rate lower than current market rate for a new loan with similar risk, extension of the maturity date, reduction of accrued interest, or principal forgiveness. When evaluating whether a concession has been granted, the Company also considers whether the borrower has provided additional collateral or guarantors and whether such additions adequately compensate the Company for the restructured terms, or if the revised terms are consistent with those currently being offered to new loan customers. The assessments of whether a borrower is experiencing (or is likely to experience) financial difficulty and whether a concession has been granted is subjective in nature and management's judgment is required when determining whether a modification is a TDR. | ||||||||||||||||||||||||||
        Although each occurrence is unique to the borrower and is evaluated separately, for all portfolio segments, TDRs are typically modified through reductions in interest rates, reductions in payments, changing the payment terms from principal and interest to interest only, and/or extensions in term maturity. | ||||||||||||||||||||||||||
        Nonaccruing loans that are modified can be placed back on accrual status when both the principal and interest are current and it is probable that the Company will be able to collect all amounts due (both principal and interest) according to the terms of the loan agreement. The Company modified one loan as a TDR during the year ended December 31, 2013. The following table reconciles the beginning and ending balances on TDRs for the year ended December 31, 2013 and 2012, respectively: | ||||||||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Commercial and | Real Estate— | Real Estate— | Real Estate— | Home Equity | Consumer | Total | ||||||||||||||||||||
Industrial | Commercial | Construction | Residential | Lines | ||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||
Beginning Balance, January 1, 2013 | $ | 1,776 | $ | 3,800 | $ | 1,762 | $ | — | $ | — | $ | — | $ | 7,338 | ||||||||||||
New TDRs | — | 570 | — | — | — | — | 570 | |||||||||||||||||||
Increases to existing TDRs | — | — | — | — | — | — | — | |||||||||||||||||||
Charge-Offs Post Modification | — | — | — | — | — | — | — | |||||||||||||||||||
Sales, paydowns, or other decreases | (1,776 | ) | (2,632 | ) | (1,237 | ) | — | — | — | (5,645 | ) | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance, December 31, 2012 | $ | — | $ | 1,738 | $ | 525 | $ | — | $ | — | $ | — | $ | 2,263 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||
At December 31, 2012 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Commercial and | Real Estate— | Real Estate— | Real Estate— | Home Equity | Consumer | Total | ||||||||||||||||||||
Industrial | Commercial | Construction | Residential | Lines | ||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||
Beginning Balance, January 1, 2012 | $ | 3,497 | $ | 9,098 | $ | 2,750 | $ | — | $ | — | $ | — | $ | 15,345 | ||||||||||||
New TDRs | — | — | — | — | — | — | — | |||||||||||||||||||
Increases to existing TDRs | — | — | — | — | — | — | — | |||||||||||||||||||
Charge-Offs Post Modification | (1,068 | ) | (3,749 | ) | — | — | — | — | (4,817 | ) | ||||||||||||||||
Sales, paydowns, or other decreases | (653 | ) | (1,549 | ) | (988 | ) | — | — | — | (3,190 | ) | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance, December 31, 2012 | $ | 1,776 | $ | 3,800 | $ | 1,762 | $ | — | $ | — | $ | — | $ | 7,338 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        All of these TDRs are on nonaccrual as of December 31, 2013 and 2012, respectively, per the Company's policy for placing a loan on nonaccrual and are included in the impaired loans table above. Nonaccrual TDRs that are reasonably assured of repayment according to their modified terms may be returned to accrual status by the Company upon a detailed credit evaluation of the borrower's financial condition and prospects for repayment under the revised terms. Consistent with regulatory guidance, upon sustained performance and classification as a TDR over the Company's year-end, the loan will be removed from TDR status as long as the modified terms were market-based at the time of the modification. | ||||||||||||||||||||||||||
        As of December 31, 2013, the TDRs make up one relationship with the Bank. These loans are performing as expected post-modification. As of December 31, 2012, the TDRs make up three relationships with the Bank and were performing as expected post-modification. For restructured loans in the portfolio, the Company had no loan loss reserves for each of the years ended December 31, 2013 and 2012, respectively. There were no outstanding commitments to advance additional funds to customer relationships whose loans had been restructured for each of the years ended December 31, 2013 and 2012. | ||||||||||||||||||||||||||
        Loans modified as TDRs within the previous 12 months and for which there was a payment default during the period are calculated by first identifying TDRs that defaulted during the period and then determining whether they were modified within the 12 months prior to the default. For the year ended December 31, 2013, one loan identified as a TDR had a payment default within the last twelve months. For the year ended December 31, 2012, no loans identified as TDRs had a payment default within the last twelve months. | ||||||||||||||||||||||||||
        One of the most significant factors in assessing the credit quality of the Company's loan portfolio is the risk rating. The Company uses the following risk ratings to manage the credit quality of its loan portfolio: pass, substandard, doubtful and loss. During 2011, the Company added an additional risk rating, other loans especially mentioned ("OLEM"), for the monitoring of credit quality. Other loans especially mentioned are those loans in which the borrower exhibits potential weakness that may, if not corrected or reversed, weaken the bank's credit position at some future date. These loans may not show problems as yet due to the borrower's apparent ability to service the debt, but special circumstances surround the loans of which the Bank's management should be aware. Substandard risk rated loans are those loans whose full final collectability may not appear to be a matter for serious doubt, but which nevertheless have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt and require close supervision by management. Loans that have a risk rating of doubtful have all the weakness inherent in one graded substandard with the added provision that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and value, highly questionable. A loss loan is one that is considered uncollectible and will be charged-off immediately. All other loans not rated OLEM, substandard, doubtful or loss are considered to have a pass risk rating. Substandard and doubtful risk rated loans are evaluated for impairment. The following table presents a summary of the risk ratings by portfolio segment and class segment at December 31, 2013 and 2012, respectively. | ||||||||||||||||||||||||||
Internal Risk Rating Grades | ||||||||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Pass | OLEM | Substandard | Doubtful | Loss | ||||||||||||||||||||||
Commercial and industrial | $ | 217,755 | $ | 587 | $ | 814 | $ | — | $ | — | ||||||||||||||||
Real estate—commercial | ||||||||||||||||||||||||||
Owner occupied | 279,631 | — | — | — | — | |||||||||||||||||||||
Non-owner occupied | 753,872 | 13,338 | 1,738 | — | — | |||||||||||||||||||||
Real estate—construction | ||||||||||||||||||||||||||
Residential | 120,144 | — | — | — | — | |||||||||||||||||||||
Commercial | 242,144 | — | 775 | — | — | |||||||||||||||||||||
Real estate—residential | ||||||||||||||||||||||||||
Single family | 213,537 | 8 | — | — | — | |||||||||||||||||||||
Multi-family | 85,939 | — | — | — | — | |||||||||||||||||||||
Home equity lines | 109,430 | — | 51 | — | — | |||||||||||||||||||||
Consumer | ||||||||||||||||||||||||||
Installment | 3,912 | — | — | — | — | |||||||||||||||||||||
Credit cards | 247 | — | — | — | — | |||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
$ | 2,026,611 | $ | 13,933 | $ | 3,378 | $ | — | $ | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Internal Risk Rating Grades | ||||||||||||||||||||||||||
At December 31, 2012 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Pass | OLEM | Substandard | Doubtful | Loss | ||||||||||||||||||||||
Commercial and industrial | $ | 220,266 | $ | 631 | $ | 2,064 | $ | — | $ | — | ||||||||||||||||
Real estate—commercial | ||||||||||||||||||||||||||
Owner occupied | 255,343 | — | — | — | — | |||||||||||||||||||||
Non-owner occupied | 542,983 | 27,260 | 1,657 | — | — | |||||||||||||||||||||
Real estate—construction | ||||||||||||||||||||||||||
Residential | 84,551 | — | — | — | — | |||||||||||||||||||||
Commercial | 281,163 | 3,278 | 4,725 | — | — | |||||||||||||||||||||
Real estate—residential | ||||||||||||||||||||||||||
Single family | 209,740 | — | — | — | — | |||||||||||||||||||||
Multi-family | 50,612 | — | — | — | — | |||||||||||||||||||||
Home equity lines | 117,647 | — | — | — | — | |||||||||||||||||||||
Consumer | ||||||||||||||||||||||||||
Installment | 3,916 | — | — | — | — | |||||||||||||||||||||
Credit cards | 288 | — | — | — | — | |||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
$ | 1,766,509 | $ | 31,169 | $ | 8,446 | $ | — | $ | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
        Loans rated substandard and doubtful totaling $3.4 million and $8.4 million were evaluated for impairment at December 31, 2013 and 2012, respectively. For each of the years ended December 31, 2013 and 2012, there was no related allowance for impaired loans. Loans receivable—evaluated for impairment and measured at fair value on a non-recurring basis, net of the related allowance is $3.4 million and $8.4 million for the years ended December 31, 2013 and 2012, respectively (see Note 23 to the notes to consolidated financial statements for additional information). | ||||||||||||||||||||||||||
Other_Real_Estate_Owned
Other Real Estate Owned | 12 Months Ended |
Dec. 31, 2013 | |
Other Real Estate Owned | ' |
Other Real Estate Owned | ' |
(6) Other Real Estate Owned | |
        The Company had no other real estate owned as of December 31, 2013 and 2012. The balances in other real estate owned are at lower of carrying value or fair value less any costs to sell on the statement of condition. The fair value is determined by obtaining an updated appraisal of the foreclosed property which is then discounted for estimated selling costs. | |
        The Company recorded impairment charges of $911,000 during 2011 related to the decrease in fair values of the properties held in other real estate owned. No such expense was recorded during 2013 and 2012. The Company recorded a net gain on the sales of real estate of $30,000 for the year ended December 31, 2013. For the years ended December 31, 2012 and 2011, the Company recorded net losses on the sales of real estate of $333,000 and $0, respectively. | |
Loans_Held_for_Sale
Loans Held for Sale | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Loans Held for Sale | ' | |||||||
Loans Held for Sale | ' | |||||||
(7) Loans Held for Sale | ||||||||
        The loans held for sale portfolio at December 31, 2013 and 2012, consisted of the following: | ||||||||
(In thousands) | 2013 | 2012 | ||||||
Residential | $ | 311,493 | $ | 728,973 | ||||
Construction-to-permanent | 60,168 | 44,399 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
371,661 | 773,372 | |||||||
Net deferred costs | 2,332 | 12,379 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Loans held for sale, net | $ | 373,993 | $ | 785,751 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Loans that are classified as construction-to-permanent are those loans that provide variable rate financing for customers to construct their residences. Once the home has been completed, the loan converts to fixed rate financing and is sold into the secondary market. | ||||||||
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Goodwill and Other Intangible Assets | ' | |||||||||||||||||||
Goodwill and Other Intangible Assets | ' | |||||||||||||||||||
(8) Goodwill and Other Intangible Assets | ||||||||||||||||||||
        The Company performs its annual recoverability assessment during the third calendar quarter for its mortgage banking reporting unit. The Company adopted the provisions of ASU No. 2011-08, Testing Goodwill for Impairment ("ASU No. 2011-08"). For purposes of performing the recoverability assessment, ASU No. 2011-08 requires an entity to assess all relevant events and circumstances in evaluating whether it is more likely than not that the fair value of the mortgage banking reporting unit is less than its carrying value. After evaluating all relevant facts and circumstances, the Company determined that it is more likely than not that the fair value of the mortgage banking reporting unit exceeds its carrying value and no goodwill impairment was indicated for the year ended December 31, 2013. | ||||||||||||||||||||
        Information concerning amortizable intangibles follows: | ||||||||||||||||||||
Mortgage Banking | Wealth Management | Total | ||||||||||||||||||
and Trust Services | ||||||||||||||||||||
(In thousands) | Gross | Accumulated | Gross | Accumulated | Gross | Accumulated | ||||||||||||||
Carrying | Amortization | Carrying | Amortization | Carrying | Amortization | |||||||||||||||
Amount | Amount | Amount | ||||||||||||||||||
Balance at December 31, 2011 | $ | 1,781 | $ | 1,435 | $ | 616 | $ | 616 | $ | 2,397 | $ | 2,051 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
2012 activity: | ||||||||||||||||||||
Customer relationship intangibles | — | 198 | — | — | — | 198 | ||||||||||||||
Trade name | — | — | — | — | — | — | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance at December 31, 2012 | $ | 1,781 | $ | 1,633 | $ | 616 | $ | 616 | $ | 2,397 | $ | 2,249 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
2013 activity: | ||||||||||||||||||||
Customer relationship intangibles | — | 148 | — | — | — | 148 | ||||||||||||||
Trade name | — | — | — | — | — | — | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance at December 31, 2013 | $ | 1,781 | $ | 1,781 | $ | 616 | $ | 616 | $ | 2,397 | $ | 2,397 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        The aggregate amortization expense for 2013, 2012, and 2011, was $148,000, $198,000, and $198,000, respectively. There is no additional amortization expense as the Company's other identified intangibles are fully amortized. | ||||||||||||||||||||
        The carrying amount of goodwill for the years ended December 31, 2013 and 2012 were as follows: | ||||||||||||||||||||
(In thousands) | Commercial | Mortgage | Total | |||||||||||||||||
Banking | Banking | |||||||||||||||||||
Balance at December 31, 2013 and 2012 | $ | 24 | $ | 10,120 | $ | 10,144 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Premises_and_Equipment
Premises and Equipment | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Premises and Equipment | ' | |||||||
Premises and Equipment | ' | |||||||
(9) Premises and Equipment | ||||||||
        The components of premises and equipment at December 31, 2013 and 2012 were as follows: | ||||||||
(in thousands) | 2013 | 2012 | ||||||
Land | $ | 4,350 | $ | 4,350 | ||||
Buildings | 6,680 | 6,680 | ||||||
Furniture and equipment | 25,478 | 22,509 | ||||||
Leasehold improvements | 10,807 | 9,206 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total cost | 47,315 | 42,745 | ||||||
Less accumulated depreciation and amortization | (26,926 | ) | (23,553 | ) | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Premises and equipment, net | $ | 20,389 | $ | 19,192 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Depreciation expense for the years ended December 31, 2013, 2012, and 2011, was $3.2 million, $2.7 million, and $2.5 million, respectively. | ||||||||
        The Company has entered into operating leases for office space over various terms. The leases generally have options to renew and are subject to annual increases as well as allocations of real estate taxes and certain operating expenses. | ||||||||
        Minimum future rental payments under the no cancelable operating leases, as of December 31, 2013 were as follows: | ||||||||
Year ending December 31, | Amount | |||||||
(In thousands) | ||||||||
2014 | $ | 8,408 | ||||||
2015 | 6,933 | |||||||
2016 | 5,372 | |||||||
2017 | 3,830 | |||||||
2018 | 3,437 | |||||||
Thereafter | 8,900 | |||||||
​ | ​ | ​ | ​ | ​ | ||||
$ | 36,880 | |||||||
​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ||||
        The total rent expense was $7.9 million, $6.6 million, and $5.5 million for the years ended December 31, 2013, 2012, and 2011, respectively, and is recorded in occupancy expense on the consolidated statements of income. | ||||||||
        The Company subleased excess office space to third parties. Future minimum lease payments under noncancelable subleasing arrangements as of December 31, 2013 were as follows: | ||||||||
Year ending December 31, | Amount | |||||||
(In thousands) | ||||||||
2014 | $ | 47 | ||||||
2015 | 49 | |||||||
2016 | 50 | |||||||
2017 | 52 | |||||||
2018 | 31 | |||||||
Thereafter | — | |||||||
​ | ​ | ​ | ​ | ​ | ||||
$ | 229 | |||||||
​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ||||
        The total rent income was $158,000, $166,000, and $187,000, in 2013, 2012, and 2011, respectively, and is recorded as a reduction of occupancy expense in the consolidated statements of income. | ||||||||
Deposits
Deposits | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Deposits | ' | ||||||||||
Deposits | ' | ||||||||||
(10) Deposits | |||||||||||
        Deposits consist of the following at December 31, 2013 and 2012: | |||||||||||
(In thousands) | 2013 | 2012 | |||||||||
Non-interest bearing demand deposits | $ | 433,749 | $ | 351,815 | |||||||
Interest bearing deposits: | |||||||||||
Interest checking | 398,136 | 347,697 | |||||||||
Money market and statement savings | 475,707 | 430,391 | |||||||||
Certificates of deposit | 751,267 | 1,113,855 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total interest-bearing deposits | 1,625,110 | 1,891,943 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total deposits | $ | 2,058,859 | $ | 2,243,758 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        Interest expense by deposit categories is as follows: | |||||||||||
(In thousands) | 2013 | 2012 | 2011 | ||||||||
Interest checking | $ | 2,170 | $ | 2,457 | $ | 255 | |||||
Money market and statement savings | 1,389 | 1,689 | 1,534 | ||||||||
Certificates of deposit | 9,457 | 10,693 | 11,771 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total interest expense | $ | 13,016 | $ | 14,839 | $ | 13,560 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        The aggregate amount of certificates of deposit, each with a minimum denomination of $100,000 was $350.0 million and $565.1 million at December 31, 2013 and 2012, respectively. | |||||||||||
        At December 31, 2013, the scheduled maturities of certificates of deposit with a minimum denomination of $100,000 were as follows: | |||||||||||
Maturities: | |||||||||||
(In thousands) | Fixed Term | No-Penalty | Total | ||||||||
Three months or less | $ | 116,690 | $ | 7,196 | $ | 123,886 | |||||
Over three months through six months | 43,466 | 2,455 | 45,921 | ||||||||
Over six months through twelve months | 46,909 | 2,105 | 49,014 | ||||||||
Over twelve months | 90,186 | 40,970 | 131,156 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 297,251 | $ | 52,726 | $ | 349,977 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        No-penalty certificates of deposit can be redeemed at anytime at the request of the depositor. | |||||||||||
        Brokered certificates of deposits at December 31, 2013 and 2012 were $301.2 and $616.6 million, respectively. | |||||||||||
        At December 31, 2013, the scheduled maturities of certificates of deposit were as follows: | |||||||||||
(In thousands) | |||||||||||
2014 | $ | 428,637 | |||||||||
2015 | 157,204 | ||||||||||
2016 | 97,926 | ||||||||||
2017 | 45,997 | ||||||||||
2018 | 18,437 | ||||||||||
2019 | 3,066 | ||||||||||
​ | ​ | ​ | ​ | ​ | |||||||
$ | 751,267 | ||||||||||
​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | |||||||
Other_Borrowed_Funds
Other Borrowed Funds | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Other Borrowed Funds | ' | |||||||||||||||||||
Other Borrowed Funds | ' | |||||||||||||||||||
(11) Other Borrowed Funds | ||||||||||||||||||||
        At December 31, 2013 and 2012, other borrowed funds consisted of the following: | ||||||||||||||||||||
(In thousands) | 2013 | 2012 | ||||||||||||||||||
Fixed rate FHLB advances | $ | 315,000 | $ | 215,000 | ||||||||||||||||
Federal funds purchased | 45,000 | 50,000 | ||||||||||||||||||
Customer repurchase agreements | 94,613 | 106,656 | ||||||||||||||||||
Payable to Statutory Trust I | 20,619 | 20,619 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
$ | 475,232 | $ | 392,275 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
        The Company had fixed rate advances from the FHLB totaling $315.0 million and $215.0 million at December 31, 2013 and 2012, respectively. These advances mature through 2022 and have interest rates ranging from 0.17% to 4.85%. | ||||||||||||||||||||
        The contractual maturities of the fixed rate advances for each of December 31, 2013 and 2012 were as follows: | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||
Type of Advance | Interest Rate | Advance Term | Maturity Date | Balance | ||||||||||||||||
Fixed Rate Credit | 0.17% | 1Â month | 2014 | $ | 100,000 | |||||||||||||||
Fixed Rate Hybrid | 3.37Â -Â 3.50% | 48Â months | 2015 | 10,000 | ||||||||||||||||
Fixed Rate Hybrid | 2.03% | 48Â months | 2016 | 10,000 | ||||||||||||||||
Fixed Rate Hybrid | 3.45% | 60Â months | 2016 | 5,000 | ||||||||||||||||
Convertible | 3.93Â -Â 4.55% | 120Â months | 2016 | 50,000 | ||||||||||||||||
Fixed Rate Hybrid | 2.46Â -Â 2.65% | 60Â months | 2017 | 30,000 | ||||||||||||||||
Convertible | 3.10Â -Â 4.85% | 120Â months | 2017 | 60,000 | ||||||||||||||||
Convertible | 2.81Â -Â 4.00% | 120Â months | 2018 | 20,000 | ||||||||||||||||
Fixed Rate Hybrid | 2.98% | 84Â months | 2019 | 10,000 | ||||||||||||||||
Fixed Rate Hybrid | 3.80Â -Â 4.01% | 120Â months | 2022 | 20,000 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Total FHLB Advances | 3.09% | $ | 315,000 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
(In thousands) | ||||||||||||||||||||
At December 31, 2012 | ||||||||||||||||||||
Type of Advance | Interest Rate | Advance Term | Maturity Date | Balance | ||||||||||||||||
Fixed Rate Hybrid | 3.37Â -Â 3.50% | 48Â months | 2015 | $ | 10,000 | |||||||||||||||
Fixed Rate Hybrid | 2.03% | 48Â months | 2016 | 10,000 | ||||||||||||||||
Fixed Rate Hybrid | 3.45% | 60Â months | 2016 | 5,000 | ||||||||||||||||
Convertible | 3.93Â -Â 4.55% | 120Â months | 2016 | 50,000 | ||||||||||||||||
Fixed Rate Hybrid | 2.46Â -Â 2.65% | 60Â months | 2017 | 30,000 | ||||||||||||||||
Convertible | 3.10Â -Â 4.85% | 120Â months | 2017 | 60,000 | ||||||||||||||||
Convertible | 2.81Â -Â 4.00% | 120Â months | 2018 | 20,000 | ||||||||||||||||
Fixed Rate Hybrid | 2.98% | 84Â months | 2019 | 10,000 | ||||||||||||||||
Fixed Rate Hybrid | 3.80Â -Â 4.01% | 120Â months | 2022 | 20,000 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Total FHLB Advances | 3.61% | $ | 215,000 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
        The average balances of FHLB advances for the years ended December 31, 2013 and 2012 were $217.3 million and $230.5 million, respectively. The maximum amount outstanding at any month-end for the years ended December 31, 2013 and 2012 was $315.0 million and $295.0 million, respectively. Total interest expense on FHLB advances for the years ended December 31, 2013, 2012, and 2011 was $7.9 million, $8.2 million, and $9.6 million, respectively. | ||||||||||||||||||||
        Customer repurchase agreements generally mature within one to four days and are reflected in the consolidated statements of financial condition at the amount of cash received. The Company's deposit customers are the counterparties to these types of funding arrangements. The Company pledges investment securities to collateralize these borrowings. At December 31, 2013 and 2012, the Company had repurchase agreements of $94.6 million and $106.7 million, respectively. The weighted-average interest rate of these customer repurchase agreements was 0.16%, 0.21%, and 0.24%, at December 31, 2013, 2012, and 2011, respectively. The average balances of customer repurchase agreements during 2013, 2012, and 2011 were $104.8 million, $117.3 million, and $87.0 million, respectively, and the maximum amount outstanding at any month-end during 2013, 2012, and 2011, was $148.1 million, $160.1 million, and $106.7 million, respectively. Interest expense on customer repurchase agreements for 2013, 2012, and 2011, was $165,000, $249,000, and $210,000, respectively. | ||||||||||||||||||||
        At December 31, 2013 and 2012, the Company had federal funds purchased of $45.0 million and $50.0 million, respectively, outstanding with a weighted average interest rate of 0.43% and 0.38%, respectively. Interest expense on federal funds purchased in 2013, 2012, and 2011, was $24,000, $35,000, and $33,000, respectively. | ||||||||||||||||||||
        The Company has a line of credit at the Federal Reserve discount window in the amount of $94.5 million at December 31, 2013, none of which was drawn as of that date. There was no interest expense related to the discount window in 2013, 2012, and 2011. | ||||||||||||||||||||
        In July 2004, the Company formed a wholly-owned subsidiary, Cardinal Statutory Trust I (the "Trust"), for the purpose of issuing $20.0 million of floating rate junior subordinated deferrable interest debentures ("trust preferred securities"). These trust preferred securities are due in 2034 and have an interest rate of LIBOR (London Interbank Offered Rate) plus 2.40%, which adjusts quarterly. At December 31, 2013, the interest rate on trust preferred securities was 2.64%. These securities are redeemable at par beginning September 2009. The Company has guaranteed payment of these securities. The $20.6 million payable by the Company to the Trust is included in other borrowed funds. The Trust is an unconsolidated subsidiary since the Company is not the primary beneficiary of this entity. The additional $619,000 that is payable by the Company to the Trust represents the Company's unfunded capital investment in the Trust. The Company utilized the proceeds from the issuance of the trust preferred securities to make a capital contribution into the Bank. Interest expense on the trust preferred securities in 2013, 2012, and 2011, was $693,000, $834,000, and $816,000, respectively. | ||||||||||||||||||||
        During 2011, the Company extinguished $55.0 million in FHLB advances which had an average cost of 2.87%, or $1.6 million annually. As part of the prepayment arrangement with the FHLB, the Company paid a one-time penalty of $2.3 million related to these advances. The Company replaced these advances with lower-cost longer-term funding from the FHLB. This expense is reported in the non-interest expense section of the Company's consolidated statements of income and no such expense occurred during 2013 or 2012. | ||||||||||||||||||||
        The scheduled maturities of other borrowed funds at December 31, 2013 were as follows: | ||||||||||||||||||||
(In thousands) | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 and | ||||||||||||||
Thereafter | ||||||||||||||||||||
FHLB advances | $ | 100,000 | $ | 10,000 | $ | 65,000 | $ | 90,000 | $ | 20,000 | $ | 30,000 | ||||||||
Customer repurchase agreements | 94,613 | — | — | — | — | — | ||||||||||||||
Federal funds sold | 45,000 | — | — | — | — | — | ||||||||||||||
Payable to Statutory Trust I | — | — | — | — | — | 20,619 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 239,613 | $ | 10,000 | $ | 65,000 | $ | 90,000 | $ | 20,000 | $ | 50,619 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Income Taxes | ' | ||||||||||
Income Taxes | ' | ||||||||||
(12) Income Taxes | |||||||||||
        The Company and its subsidiaries file consolidated federal tax returns on a calendar-year basis. For the years ended December 31, 2013, 2012, and 2011, the Company recorded income tax expense of $12.2 million, $22.7 million, and $14.1 million, respectively. | |||||||||||
        The provision for income tax expense is reconciled to the amount computed by applying the federal corporate tax rate to income before taxes as follows: | |||||||||||
(In thousands) | 2013 | 2012 | 2011 | ||||||||
Income tax at federal corporate rate of 35% | $ | 13,189 | $ | 23,784 | $ | 14,742 | |||||
Change in valuation allowance | 245 | 671 | — | ||||||||
Change in the carrying rate of deferred tax assets and liabilities | — | — | 1 | ||||||||
Expected state tax benefit of losses of nonbank entities | — | — | — | ||||||||
State tax expense, net of federal tax benefit | 77 | 226 | 263 | ||||||||
Nontaxable income | (1,466 | ) | (2,152 | ) | (1,152 | ) | |||||
Nondeductible expenses | 184 | 400 | 27 | ||||||||
Other | (54 | ) | (271 | ) | 241 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 12,175 | $ | 22,658 | $ | 14,122 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        The components of income tax expense are as follows: | |||||||||||
(In thousands) | 2013 | 2012 | 2011 | ||||||||
Included in net income | |||||||||||
Current | |||||||||||
Federal | $ | 14,432 | $ | 16,355 | $ | 12,675 | |||||
State | 609 | 486 | 361 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total current | 15,041 | 16,841 | 13,036 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Deferred | |||||||||||
Federal | (2,799 | ) | 5,695 | 1,057 | |||||||
State | (67 | ) | 122 | 29 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total deferred | (2,866 | ) | 5,817 | 1,086 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total included in net income | $ | 12,175 | $ | 22,658 | $ | 14,122 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Included in shareholders' equity: | |||||||||||
Deferred tax expense related to the change in the net unrealized gain on investment securities available for sale | $ | (5,064 | ) | $ | 391 | $ | 4,468 | ||||
Deferred tax expense (benefit) related to the change in the net unrealized gain (loss) on derivative instruments designated as cash flow hedges | 589 | 470 | (572 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total included in shareholders' equity | $ | (4,475 | ) | $ | 861 | $ | 3,896 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        The tax effects of temporary differences between the financial reporting basis and income tax basis of assets and liabilities relate to the following: | |||||||||||
(In thousands) | 2013 | 2012 | |||||||||
Deferred tax assets: | |||||||||||
Allowance for loan losses | $ | 9,988 | $ | 9,761 | |||||||
Net operating state loss carryforwards | 2,490 | 2,258 | |||||||||
Unrealized losses on derivative instruments designated as cash flow hedges | 22 | 611 | |||||||||
Deferred compensation | 5,424 | 3,965 | |||||||||
Other | 991 | 1,999 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total gross deferred tax assets | 18,915 | 18,594 | |||||||||
Less valuation allowance | (2,490 | ) | (2,258 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Net deferred tax assets | 16,425 | 16,336 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Deferred tax liabilities: | |||||||||||
Unrealized gains on investment securities available-for-sale | (2,740 | ) | (7,805 | ) | |||||||
Goodwill and intangibles, net | (601 | ) | (149 | ) | |||||||
Fair value adjustments | (5,910 | ) | (8,751 | ) | |||||||
Depreciation | (926 | ) | (865 | ) | |||||||
Prepaid expenses | (190 | ) | (15 | ) | |||||||
Loan origination costs | (663 | ) | (697 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total gross deferred tax liabilities | (11,030 | ) | (18,282 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Net deferred tax asset (liability) | $ | 5,395 | $ | (1,946 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        Deferred tax assets and liabilities are recognized for the tax effects of differing carrying values of assets and liabilities for tax and financial statement purposes that will reverse in future periods. When uncertainty exists concerning the recoverability of a deferred tax asset, the carrying value of the asset may be reduced by a valuation allowance. Valuation allowances of $2.5 million and $2.3 million for December 31, 2013 and 2012, respectively, have been established for deferred tax assets. This valuation allowance relates primarily to the state net operating losses of the parent company, CWS and Wilson/Bennett as realization is dependent upon generating future taxable income within those entities and in the specific jurisdiction. There is uncertainty concerning the recoverability of these state net operating losses as the entities which own these losses have never operated profitably and future profitability is uncertain. Management believes that future operations of the Company will generate sufficient taxable income to realize the net deferred tax assets at each of December 31, 2013 and 2012. The Company has state net operating loss carryforwards of $41.5 million that begin to expire in 2017. | |||||||||||
        As of December 31, 2013 and 2012, the Company had no unrecognized tax benefits. The Company had no interest expense or tax penalties related to uncertain tax positions during the years ended December 31, 2013 and 2012. If the Company had such expenses, they would be classified in the consolidated statements of income as part of the provision for income tax expense. | |||||||||||
Derivative_Instruments_and_Hed
Derivative Instruments and Hedging Activities | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Derivative Instruments and Hedging Activities | ' | ||||
Derivative Instruments and Hedging Activities | ' | ||||
(13) Derivative Instruments and Hedging Activities | |||||
Forward Mortgage Loan Sales Commitments and Interest Rate Lock Commitments | |||||
        The Company enters into rate lock commitments with its mortgage customers. The Company is also a party to forward mortgage loan sales contracts to sell loans servicing released. The rate lock commitment and forward sale agreement are undesignated derivatives and marked to fair value through earnings. The fair value of the rate lock derivative includes the servicing premium and the interest spread for the difference between retail and wholesale mortgage rates. Realized and unrealized gains on mortgage banking activities presents the gain recognized for the period presented and associated with these elements of fair value. On the date the mortgage loan closes, the loan held for sale is designated as the hedged item in a cash flow hedge relationship and the forward loan sale commitment is designated as the hedging instrument. | |||||
        At December 31, 2013, accumulated other comprehensive income included an unrealized gain, net of tax, of $1.1 million related to forward loan sale contracts designated as the hedging instrument in the cash flow hedge. At December 31, 2012, accumulated other comprehensive income included an unrealized gain, net of tax, of $785,000 related to forward loan sale contracts designated as the hedging instrument in the cash flow hedge. Loans held for sale are generally sold within sixty days of closing and, therefore, substantially all of the amount recorded in accumulated other comprehensive income at December 31, 2013 which is related to the Company's cash flow hedges will be recognized in earnings during the first quarter of 2014. During 2013, 2012, and 2011, the Company recognized minimal amounts due to hedge ineffectiveness. | |||||
        At December 31, 2013, the Company had $210.9 million in residential mortgage rate lock commitments and associated forward sales and $293.2 million in forward loan sales associated with $374.0 million of loans that had closed and were presented as held for sale. At December 31, 2013, the derivative asset was $16.5 million and the derivative liability was $5.7 million. | |||||
        At December 31, 2012, the Company had $481.7 million in residential mortgage rate lock commitments and associated forward sales and $723.8 million in forward loan sales associated with $785.8 million of loans that had closed and were presented as held for sale. At December 31, 2012, the derivative asset was $27.2 million and the derivative liability was $4.2 million. | |||||
Interest Rate Risk Management—Cash Flow Hedging Instruments | |||||
        The Company uses long-term variable rate debt as a source of funds for use in the Company's lending and investment activities and other general business purposes. These debt obligations expose the Company to variability in interest payments due to changes in interest rates. If interest rates increase, interest expense increases. Conversely, if interest rates decrease, interest expense decreases. The Company believes it is prudent to limit the variability of a portion of its interest payments and, therefore, generally hedges a portion of its variable-rate interest payments. To meet this objective, the Company entered into interest rate swap agreements whereby the Company receives variable interest rate payments and makes fixed interest rate payments during the contract period. | |||||
        At December 31, 2012, information pertaining to outstanding interest rate swap agreements used to hedge variable rate debt (trust preferred securities which is included in other borrowed funds on the statement of condition) is shown below. These interest rate swap agreements matured during 2013. | |||||
(Dollars in thousands) | 2012 | ||||
Notional amount | $ | 10,000 | |||
Weighted average pay rate | 3.97 | % | |||
Weighted average receive rate | 1.54 | % | |||
Weighted average maturity in years | 1Â years | ||||
Unrealized gain (loss) relating to interest rate swaps | $ | 119 | |||
        These agreements provided for the Company to receive payments at a variable rate determined by a specific index (three month LIBOR) in exchange for making payments at a fixed rate. At December 31, 2012, the unrealized loss relating to interest rate swaps designated as hedging instruments of the variability of cash flows associated with long-term debt are reported in other comprehensive income. These amounts are subsequently reclassified into interest expense as a yield adjustment in the same period in which the related interest on the long-term debt affects earnings. The cash flow hedging relationships were highly effective during 2012 and the amount of ineffectiveness was de minimus. | |||||
Interest Rate Risk Management—Fair Value Hedging Instruments | |||||
        The Company originates fixed and variable rate loans. Fixed rate loans expose the Company to variability in their fair value due to changes in the level of interest rates. The Company believes it is prudent to limit the variability in the fair value of a portion of its fixed rate loan portfolio. The Company also believes it is economically prudent to keep hedge coverage ratios at acceptable risk levels, which may vary depending on current and expected interest rate movement. It is the Company's objective to hedge the change in fair value of fixed rate loans at coverage levels that are appropriate, given anticipated or existing interest rate levels and other market considerations, as well as the relationship of change in this asset to other assets of the Company. To meet this objective, the Company utilizes interest rate swaps as an asset/liability management strategy to hedge the change in value of the loans due to changes in expected interest rate assumptions. The Company entered into an interest rate swap to hedge the change in fair value of one loan receivable. This interest rate swap agreement requires a series of floating rate payments in exchange for receiving a series of fixed rate payments. | |||||
        At December 31, 2012, the information pertaining to the single outstanding interest rate swap agreement used to hedge fixed-rate loans is shown below. This interest rate swap agreement matured during 2013. | |||||
(Dollars in thousands) | 2012 | ||||
Notional amount | $ | 11,174 | |||
Weighted average pay rate | 5.42 | % | |||
Weighted average receive rate | 0.25 | % | |||
Weighted average maturity in years | 1Â year | ||||
Unrealized loss relating to interest rate swaps | $ | 478 | |||
        The agreement provided for the Company to make payments at a variable rate determined by a specified index (one month LIBOR) in exchange for receiving payments at a fixed rate. | |||||
        At December 31, 2012, the unrealized loss relating to use of interest rate swap was recorded in net income with an offsetting gain for the fair value of the loan. The fair value of the loan is included in loans receivable on the statement of condition. The hedge relationship has been effective since inception and is forecasted to remain effective. Ineffectiveness reflected in earnings is immaterial for the periods presented. | |||||
Fair_Value_of_Derivative_Instr
Fair Value of Derivative Instruments and Hedging Activities | 12 Months Ended | ||||||||||||||
Dec. 31, 2013 | |||||||||||||||
Fair Value of Derivative Instruments and Hedging Activities | ' | ||||||||||||||
Fair Value of Derivative Instruments and Hedging Activities | ' | ||||||||||||||
(14) Fair Value of Derivative Instruments and Hedging Activities | |||||||||||||||
        The following tables disclose the derivative instruments' location on the Company's statement of condition and the fair value of those instruments at December 31, 2013 and 2012. In addition, the gains and losses related to these derivative instruments is provided for the years ended December 31, 2013 and 2012. | |||||||||||||||
Derivative Instruments and Hedging Activities | |||||||||||||||
At December 31, 2013 | |||||||||||||||
(in thousands) | |||||||||||||||
Asset Derivatives | Liability Derivatives | ||||||||||||||
Balance Sheet | Fair Value | Balance Sheet | Fair Value | ||||||||||||
Location | Location | ||||||||||||||
Derivatives Designated as Hedging Instruments | |||||||||||||||
Forward Loan Sales Commitments | Accrued Interest | 5,489 | Accrued Interest | 4,043 | |||||||||||
Receivable and | Payable and Other | ||||||||||||||
Other Assets | Liabilities | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Derivatives Designated as Hedging Instruments | 5,489 | 4,043 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||
Rate Lock and Forward Loan Sales Commitments | Accrued Interest | 10,989 | Accrued Interest | 9 | |||||||||||
Receivable and | Payable and Other | ||||||||||||||
Other Assets | Liabilities | ||||||||||||||
Rate Lock Commitments | Accrued Interest | 9 | Accrued Interest | 1,554 | |||||||||||
Receivable and | Payable and Other | ||||||||||||||
Other Assets | Liabilities | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Derivatives Not Designated as Hedging Instruments | 10,998 | 1,563 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Derivatives | $ | 16,487 | $ | 5,606 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Derivative Instruments and Hedging Activities | |||||||||||||||
At December 31, 2012 | |||||||||||||||
(in thousands) | |||||||||||||||
Asset Derivatives | Liability Derivatives | ||||||||||||||
Balance Sheet | Fair Value | Balance Sheet | Fair Value | ||||||||||||
Location | Location | ||||||||||||||
Derivatives Designated as Hedging Instruments | |||||||||||||||
Interest Rate Swaps | Accrued Interest | $ | — | Accrued Interest | $ | 616 | |||||||||
Receivable and | Payable and Other | ||||||||||||||
Other Assets | Liabilities | ||||||||||||||
Forward Loan Sales Commitments | Accrued Interest | 2,136 | Accrued Interest | 3,623 | |||||||||||
Receivable and | Payable and Other | ||||||||||||||
Other Assets | Liabilities | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Derivatives Designated as Hedging Instruments | 2,136 | 4,239 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||
Rate Lock and Forward Loan Sales Commitments | Accrued Interest | 24,657 | Accrued Interest | 449 | |||||||||||
Receivable and | Payable and Other | ||||||||||||||
Other Assets | Liabilities | ||||||||||||||
Rate Lock Commitments | Accrued Interest Receivable and Other Assets | 449 | Accrued Interest Payable and Other Liabilities | 91 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Derivatives Not Designated as Hedging Instruments | 25,106 | 540 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Derivatives | $ | 27,242 | $ | 4,779 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Impact of Derivative Instruments on the Statement of Income | |||||||||||||||
For the Year Ended December 31, 2013 | |||||||||||||||
(in thousands) | |||||||||||||||
Derivatives in Fair Value Hedging | Locations of Gain | Amount of Gain | Location of Gain | Amount of Gain | |||||||||||
Relationships | (Loss) | (Loss) | (Loss) | (Loss) Recognized in | |||||||||||
Recognized | Recognized | Recognized | Income on | ||||||||||||
in Income on | in Income on | in Income on | Hedged Item | ||||||||||||
Derivative | Derivative | Hedged Item | |||||||||||||
Interest Rate Swaps | Other Income | $ | 478 | Other Income | $ | (478 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total | $ | 478 | $ | (478 | ) | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Derivatives in Cash Flow | Amount of Gain | Location of | Amount of Gain (Loss) | Location of Gain | Amount of Gain | ||||||||||
Hedging Relationships | (Loss) Recognized | Gain (Loss) | Reclassified | (Loss) Recognized in | (Loss) | ||||||||||
in Other | Reclassified | from Accumulated | Income on | Recognized | |||||||||||
Comprehensive | from Accumulated | Other | Derivative | in Income on | |||||||||||
Income on | Other | Comprehensive | (Ineffective Portion | Derivative | |||||||||||
Derivative (Effective | Comprehensive | Income into | and Amount | (Ineffective | |||||||||||
Portion) | Income into | Income (Effective | Excluded from | Portion and | |||||||||||
Income (Effective | Portion) | Effectiveness | Amount | ||||||||||||
Portion) | Testing) | Excluded | |||||||||||||
from | |||||||||||||||
Effectiveness | |||||||||||||||
Testing) | |||||||||||||||
Interest Rate Swaps | $ | 89 | Other Income | $ | — | Other Income | $ | — | |||||||
Forward Loan Sales Commitments | 1,020 | Other Income | 3,774 | Other Income | — | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | $ | 1,109 | $ | 3,774 | $ | — | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Derivatives Not Designated as Hedging Instruments | Amount of Gain | Location of Gain (Loss) | |||||||||||||
(Loss) Recognized | Recognized in Income on Derivative | ||||||||||||||
in Income on | |||||||||||||||
Derivative | |||||||||||||||
Interest Rate Lock Commitment | $ | 59,566 | Realized and unrealized gains on mortgage banking activities | ||||||||||||
Forward Loan Sales Commitments | 6,421 | Other Income | |||||||||||||
Rate Lock Commitments | (6,421 | ) | Other Income | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Total | $ | 59,566 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Impact of Derivative Instruments on the Statement of Income | |||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||
(in thousands) | |||||||||||||||
Derivatives in Fair Value Hedging | Locations of Gain | Amount of Gain | Location of Gain | Amount of Gain | |||||||||||
Relationships | (Loss) Recognized | (Loss) Recognized | (Loss) Recognized in | (Loss) Recognized in | |||||||||||
in Income | in Income | Income on | Income on | ||||||||||||
on Derivative | on Derivative | Hedged Item | Hedged Item | ||||||||||||
Interest Rate Swaps | Other Income | $ | 522 | Other Income | $ | (522 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total | $ | 522 | $ | (522 | ) | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Derivatives in Cash Flow | Amount of Gain | Location of Gain | Amount of Gain | Location of Gain | Amount of Gain | ||||||||||
Hedging Relationships | (Loss) Recognized | (Loss) Reclassified | (Loss) Reclassified | (Loss) Recognized in | (Loss) | ||||||||||
in Other | from Accumulated | from Accumulated | Income on | Recognized in | |||||||||||
Comprehensive | Other | Other Comprehensive | Derivative | Income on | |||||||||||
Income on Derivative | Comprehensive | Income into | (Ineffective | Derivative | |||||||||||
(Effective | Income into | Income (Effective | Portion and | (Ineffective | |||||||||||
Portion) | Income (Effective | Portion) | Amount Excluded | Portion and | |||||||||||
Portion) | from Effectiveness | Amount | |||||||||||||
Testing) | Excluded | ||||||||||||||
from Effectiveness | |||||||||||||||
Testing) | |||||||||||||||
Interest Rate Swaps | $ | 119 | Other Income | $ | — | Other Income | $ | — | |||||||
Forward Loan Sales Commitments | 666 | Other Income | (756 | ) | Other Income | — | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | $ | 785 | $ | (756 | ) | $ | — | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Derivatives Not Designated as Hedging Instruments | Amount of Gain | Location of Gain (Loss) | |||||||||||||
(Loss) Recognized | Recognized in Income on Derivative | ||||||||||||||
in Income | |||||||||||||||
on Derivative | |||||||||||||||
Interest Rate Lock Commitment | $ | 79,397 | Realized and unrealized gains on mortgage banking activities | ||||||||||||
Forward Loan Sales Commitments | (2,875 | ) | Other Income | ||||||||||||
Rate Lock Commitments | 2,875 | Other Income | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Total | $ | 79,397 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Regulatory_Matters
Regulatory Matters | 12 Months Ended | |||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||
Regulatory Matters | ' | |||||||||||||||||||||||||
Regulatory Matters | ' | |||||||||||||||||||||||||
(15) Regulatory Matters | ||||||||||||||||||||||||||
        The Bank, as a state-chartered bank, is subject to the dividend restrictions established by the State Corporation Commission of the Commonwealth of Virginia. Under such restrictions, the Bank may not, without the prior approval of the Bank's primary regulator, declare dividends in excess of the sum of the current year's earnings (as defined) plus the retained earnings (as defined) from the prior two years. At December 31, 2013, there were approximately $173.8 million of accumulated earnings at the Bank which could be paid as dividends to the Company. | ||||||||||||||||||||||||||
        The Bank is required to maintain a minimum non-interest earning clearing balance with the Federal Reserve Bank. The average amount of the clearing balance was $1.0 million for 2013. | ||||||||||||||||||||||||||
        The Federal Deposit Insurance Corporation Improvement Act of 1991 ("FDICIA") requires banking regulators to stratify banks into five quality tiers based upon their relative capital strengths and increase the regulation of the weaker institutions. The key measures of capital are: (1) total capital (Tier I capital plus the allowance for loan losses up to certain limitations) as a percent of total risk-weighted assets, (2) Tier I capital (as defined) as a percent of total risk-weighted assets (as defined), and (3) Tier I capital (as defined) as a percent of total average assets (as defined). | ||||||||||||||||||||||||||
        The regulatory capital of the Company at December 31, 2013 and 2012 is as follows: | ||||||||||||||||||||||||||
Actual | For Capital | To Be Well | ||||||||||||||||||||||||
Adequacy Purposes | Capitalized Under | |||||||||||||||||||||||||
Prompt Corrective | ||||||||||||||||||||||||||
Action Provisions | ||||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | |||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Total capital to risk weighted assets | $ | 349,894 | 12.89 | % | $ | 217,111 | ³ | 8 | % | $ | 271,389 | ³ | 10 | % | ||||||||||||
Tier I capital to risk weighted assets | 321,513 | 11.85 | % | 108,555 | ³ | 4 | % | 162,833 | ³ | 6 | % | |||||||||||||||
Tier I capital to average assets | 321,513 | 11.7 | % | 109,928 | ³ | 4 | % | 137,410 | ³ | 5 | % | |||||||||||||||
At December 31, 2012 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Total capital to risk weighted assets | $ | 328,547 | 13.04 | % | $ | 201,530 | ³ | 8 | % | $ | 251,913 | ³ | 10 | % | ||||||||||||
Tier I capital to risk weighted assets | 300,732 | 11.94 | % | 100,765 | ³ | 4 | % | 151,148 | ³ | 6 | % | |||||||||||||||
Tier I capital to average assets | 300,732 | 10.49 | % | 114,693 | ³ | 4 | % | 143,366 | ³ | 5 | % | |||||||||||||||
        The regulatory capital of the Bank at December 31, 2013 and 2012 is as follows: | ||||||||||||||||||||||||||
Actual | For Capital | Capitalized Under | ||||||||||||||||||||||||
Adequacy Purposes | Prompt Corrective | |||||||||||||||||||||||||
Action Provisions | ||||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | |||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Total capital to risk-weighted assets | $ | 343,392 | 12.73 | % | $ | 215,733 | ³ | 8 | % | $ | 269,666 | ³ | 10 | % | ||||||||||||
Tier I capital to risk-weighted assets | 315,011 | 11.68 | % | 107,867 | ³ | 4 | % | 161,800 | ³ | 6 | % | |||||||||||||||
Tier I capital to average assets | 315,011 | 11.54 | % | 109,212 | ³ | 4 | % | 136,515 | ³ | 5 | % | |||||||||||||||
At December 31, 2012 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Total capital to risk-weighted assets | $ | 315,511 | 12.59 | % | $ | 200,440 | ³ | 8 | % | $ | 250,550 | ³ | 10 | % | ||||||||||||
Tier I capital to risk-weighted assets | 287,695 | 11.48 | % | 100,220 | ³ | 4 | % | 150,330 | ³ | 6 | % | |||||||||||||||
Tier I capital to average assets | 287,695 | 10.08 | % | 114,196 | ³ | 4 | % | 142,745 | ³ | 5 | % | |||||||||||||||
        At December 31, 2013 and 2012, the Company and the Bank met all regulatory capital requirements and are considered "well-capitalized" from a regulatory perspective. | ||||||||||||||||||||||||||
        George Mason is also required to maintain defined capital levels under Department of Housing and Urban Development guidelines. At December 31, 2013 and 2012, George Mason maintained capital in excess of these required guidelines. | ||||||||||||||||||||||||||
RelatedParty_Transactions
Related-Party Transactions | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Related-Party Transactions | ' | |||||||
Related-Party Transactions | ' | |||||||
(16) Related-Party Transactions | ||||||||
        Certain directors, officers and employees and/or their related business interests are at present, as in the past, banking customers in the ordinary course of business of the Company. As such, the Company has had, and expects to have in the future, banking transactions in the ordinary course of its business with directors, officers, principal shareholders and their associates, on substantially the same terms, including interest rates and collateral on loans, as those prevailing at the same time for comparable transactions with non-related parties and do not involve more than normal risk of collectability or present other unfavorable features. | ||||||||
        Analysis of activity for loans to related parties follows: | ||||||||
(In thousands) | 2013 | 2012 | ||||||
Balance, beginning of year | $ | 32,604 | $ | 34,988 | ||||
New loans | 292 | 1,236 | ||||||
Loans paid off or paid down | (4,599 | ) | (3,620 | ) | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance, end of year | $ | 28,297 | $ | 32,604 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        George Mason leases its headquarters office space from a director of the Company who is the manager and a 3.1% owner of the limited liability company that owns the building in which the space is leased. The lease was extended during 2013 so that it now expires June 30, 2019. The rent that George Mason pays for the use of this space under the existing lease ranges from $1.0 to $1.2 million annually over the next six years. Rent payments totaled $789,000 in 2013, $912,000 in 2012, and $738,000 in 2011. The Company also leases branch office space from a director who has an indirect ownership in the building. Certain of his immediate family members own a minority interest in the limited liability company that owns the building. The rent the Bank pays for the use of this space under the existing lease is $31,000 to $32,000 annually for the next three years. Rent payments totaled $30,000 in 2013 and $34,000 in 2012. | ||||||||
Earnings_Per_Common_Share
Earnings Per Common Share | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Earnings Per Common Share | ' | ||||||||||
Earnings Per Common Share | ' | ||||||||||
(17) Earnings Per Common Share | |||||||||||
        The following is the calculation of basic and diluted earnings per common share. | |||||||||||
(In thousands, except per share data) | 2013 | 2012 | 2011 | ||||||||
Net income | $ | 25,510 | $ | 45,297 | $ | 27,998 | |||||
Weighted average shares for basic | 30,687 | 29,654 | 29,401 | ||||||||
Weighted average shares for diluted | 31,077 | 29,996 | 29,784 | ||||||||
Basic earnings per common share | $ | 0.83 | $ | 1.53 | $ | 0.95 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Diluted earnings per common share | $ | 0.82 | $ | 1.51 | $ | 0.94 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        The following shows the composition of basic outstanding shares for the years ended December 31, 2013, 2012, and 2011: | |||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||
Weighted average shares outstanding—basic | 30,271 | 29,244 | 28,938 | ||||||||
Weighted average shares attributable to deferred compensation plans | 416 | 410 | 463 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total weighted average shares—basic | 30,687 | 29,654 | 29,401 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Weighted average shares for the basic earnings per share calculation is increased by the number of shares required to be issued under the Company's various deferred compensation plans. These plans provide for a Company match. The Company match must be in common stock of the Company. | |||||||||||
        The following shows the composition of diluted outstanding shares for the years ended December 31, 2013, 2012, and 2011: | |||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||
Weighted average shares outstanding—basic | 30,271 | 29,244 | 28,938 | ||||||||
Weighted average shares attributable to deferred compensation plans | 628 | 664 | 694 | ||||||||
Weighted average shares attributable to vested stock options | 151 | 88 | 152 | ||||||||
Incremental shares from unvested stock options | 27 | — | — | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total weighted average shares—diluted | 31,077 | 29,996 | 29,784 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Employees and directors who participate in the Company's deferred compensation plans can allocate, at their discretion, their contributions to various investment options, including an option to invest in Company Common Stock. The incremental weighted average shares attributable to the deferred compensation plans included in diluted outstanding shares assumes the participants opt to invest all of their contributions into the Company's Common Stock investment option. | |||||||||||
        Antidilutive outstanding stock options excluded from the weighted average shares outstanding for the diluted earnings per share calculation for the years ended December 31, 2013 and 2011 were 157 and 19,412, respectively. There were no antidilutive outstanding stock options for the year ended December 31, 2012. These stock options have exercise prices that were greater than the average market price of the Company's common stock for the years presented. In addition, for the years ended December 31, 2013 and 2012, there were 26,995 and 14,739, respectively, incremental shares related to unvested stock options added to the diluted weighted average share calculation. No unvested incremental stock option shares were added to the earnings per share calculation for 2011 as the addition of these shares to the diluted weighted average share calculation would have been antidilutive. | |||||||||||
401k_Plan
401(k) Plan | 12 Months Ended |
Dec. 31, 2013 | |
401(k) Plan | ' |
401(k) Plan | ' |
(18) 401(k) Plan | |
        Employees who work twenty (20) hours or more a week and have been employed by the Company for a month can elect to participate in and make contributions into a 401(k) Plan. The Company contributes $0.50 for $1.00 of employee contributions up to a maximum of 3% of the employee's contribution. Expense related to the Company's match in 2013, 2012, and 2011, was $ 1.3 million, $1.1 million, and $682,000, respectively. Employees are immediately vested in the Company's matching contribution. | |
Deferred_Compensation_Plans
Deferred Compensation Plans | 12 Months Ended |
Dec. 31, 2013 | |
Deferred Compensation Plans | ' |
Deferred Compensation Plans | ' |
(19) Deferred Compensation Plans | |
        The Company has deferred compensation plans for its directors and certain employees. Under the directors' plan, a director may elect to defer all or a portion of any director-related fees including fees for serving on board committees. Under the employees' plan, certain employees may defer all or a portion of their compensation including any bonus or commission compensation. Director and employee deferrals, other than employees of George Mason, are matched 50% by the Company. Deferrals made by employees of George Mason are not eligible for the Company match. The amount of the Company match is deemed invested in Company common stock which vests immediately for the directors and over three years for employees. The maximum Company match per employee is $50,000 per year. There is no annual ceiling to the Company match for directors. Expense relating to the deferred compensation plans for the years ended December 31, 2013, 2012, and 2011, was $286,000, $215,000, and $253,000, respectively, the employee portion of which is included in salary and benefits expense and the directors portion of the expense is included in other operating expense in the consolidated statements of income. | |
        The deferred compensation plan liability at December 31, 2013 and 2012 was $8.3 million and $7.2 million, respectively. The trust established for the deferred compensation plan is funded. | |
        The Company has a supplemental executive retirement plan (SERP) that covers certain executive officers. Under the plan, the Company pays each participant, or their beneficiary, the amount of compensation deferred plus accrued interest beginning with the individual's retirement. A liability is accrued for the obligation under these plans. The expense incurred for the SERP in 2013, 2012, and 2011 was $210,000, $2.4 million, and $434,000, respectively. The SERP liability was $7.1 million and $6.9 million as of December 31, 2013 and 2012, respectively. | |
Director_and_Employee_StockBas
Director and Employee Stock-Based Compensation Plans | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Director and Employee Stock-Based Compensation Plans | ' | |||||||||||||||
Director and Employee Stock-Based Compensation Plans | ' | |||||||||||||||
(20) Director and Employee Stock-Based Compensation Plans | ||||||||||||||||
        At December 31, 2013, the Company had two stock-based employee compensation plans, the 1999 Stock Option Plan (the "Option Plan") and the 2002 Equity Compensation Plan (the "Equity Plan"). | ||||||||||||||||
        In 1998, the Company adopted the Option Plan pursuant to which the Company may grant stock options for up to 625,000 shares of the Company's common stock to employees and members of the Company's and its subsidiaries' boards of directors. As of November 23, 2008, the Option Plan expired, and therefore, there are no shares of common stock available to grant under this plan. | ||||||||||||||||
        In 2002, the Company adopted the Equity Plan. The Equity Plan authorizes the granting of options, which may be incentive stock options or non-qualified stock options, stock appreciation rights, restricted stock awards, phantom stock awards or performance share awards to directors, eligible officers and key employees of the Company. In 2011, the shareholders approved an amendment to the Equity Plan to increase the number of shares of common stock reserved for issuance under it from 2,420,000 to 3,170,000, an increase of 750,000 shares. In addition, the amendment extended the term of the Equity Plan to February 21, 2021. There are 701,818 shares of the Company's common stock available for future grants and awards in the Equity Plan as of December 31, 2013. | ||||||||||||||||
        The following tables present a summary of the Company's stock option activity for the years ended December 31, 2013, 2012, and 2011: | ||||||||||||||||
Number of | Weighted | Weighted | Aggregate | |||||||||||||
Shares | Average | Average | Intrinsic | |||||||||||||
Exercise | Remaining | Value | ||||||||||||||
Price | Contractual | |||||||||||||||
Term (Years) | ||||||||||||||||
Outstanding at December 31, 2012 | 851,358 | $ | 10.21 | |||||||||||||
Granted | 278,250 | 16.23 | ||||||||||||||
Exercised | (106,355 | ) | 8.64 | |||||||||||||
Forfeited | (11,700 | ) | 10.18 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
Outstanding at December 31, 2013 | 1,011,553 | $ | 12.03 | 5.44 | $ | 6,025,243 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
Options exercisable at December 31, 2013 | 722,403 | $ | 11.15 | 4.25 | $ | 4,943,418 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
Number of | Weighted | Weighted | Aggregate | |||||||||||||
Shares | Average | Average | Intrinsic | |||||||||||||
Exercise | Remaining | Value | ||||||||||||||
Price | Contractual | |||||||||||||||
Term (Years) | ||||||||||||||||
Outstanding at December 31, 2011 | 1,832,860 | $ | 9.38 | |||||||||||||
Granted | 63,750 | 12.11 | ||||||||||||||
Exercised | (1,027,702 | ) | 8.84 | |||||||||||||
Forfeited | (17,550 | ) | 10.2 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
Outstanding at December 31, 2012 | 851,358 | $ | 10.21 | 4.67 | $ | 5,182,708 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
Options exercisable at December 31, 2012 | 682,458 | $ | 10.19 | 3.84 | $ | 4,166,600 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
Number of | Weighted | Weighted | Aggregate | |||||||||||||
Shares | Average | Average | Intrinsic | |||||||||||||
Exercise | Remaining | Value | ||||||||||||||
Price | Contractual | |||||||||||||||
Term (Years) | ||||||||||||||||
Outstanding at December 31, 2010 | 2,197,289 | $ | 8.67 | |||||||||||||
Granted | 153,100 | 11.2 | ||||||||||||||
Exercised | (428,779 | ) | 6.13 | |||||||||||||
Forfeited | (88,750 | ) | 10.77 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
Outstanding at December 31, 2011 | 1,832,860 | $ | 9.38 | 4.19 | $ | 2,493,627 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
Options exercisable at December 31, 2011 | 1,659,160 | $ | 9.38 | 3.74 | $ | 2,250,771 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
        Information pertaining to stock options outstanding at December 31, 2013 is as follows: | ||||||||||||||||
At December 31, 2013 | ||||||||||||||||
Options Outstanding | Options Exercisable | |||||||||||||||
Weighed Average | ||||||||||||||||
Range of | Number | Remaining | Exercise | Number | Weighted Average | |||||||||||
Exercise Prices | Outstanding | Contractual Life | Price | Exercisable | Exercise | |||||||||||
Price | ||||||||||||||||
$5.95 - $8.28 | 88,510 | 5.1Â years | $ | 6.45 | 72,560 | $ | 6.52 | |||||||||
$8.39 - $9.59 | 62,500 | 1.9Â years | 8.89 | 60,700 | 8.9 | |||||||||||
$9.78 - $10.91 | 201,224 | 3.1Â years | 10.34 | 175,224 | 10.38 | |||||||||||
$11.03 - $12.65 | 368,069 | 4.5Â years | 11.6 | 311,469 | 11.58 | |||||||||||
$13.00 - $15.02 | 68,500 | 9.2Â years | 14.76 | 52,350 | 14.95 | |||||||||||
$15.32 - $17.82 | 222,750 | 9.2Â years | 16.54 | 50,100 | 16.57 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Outstanding at year end | 1,011,553 | 5.44 | 12.03 | 722,403 | 11.15 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Total intrinsic value of options exercised during the years ended December 31, 2013, 2012, and 2011, was $875,000, $7.7 million, and $2.0 million, respectively. | ||||||||||||||||
        A summary of the status of the Company's non-vested stock options and changes during the year ended December 31, 2013 is as follows: | ||||||||||||||||
Number of | Weighted | |||||||||||||||
Shares | Average | |||||||||||||||
Grant Date | ||||||||||||||||
Fair Value | ||||||||||||||||
Balance at December 31, 2010 | 211,500 | $ | 3.93 | |||||||||||||
Granted | 153,100 | 4.84 | ||||||||||||||
Vested | (144,750 | ) | 4.71 | |||||||||||||
Forfeited | (46,150 | ) | 4.47 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Balance at December 31, 2011 | 173,700 | $ | 3.94 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Granted | 63,750 | 4.65 | ||||||||||||||
Vested | (54,220 | ) | 3.99 | |||||||||||||
Forfeited | (14,330 | ) | 4.21 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Balance at December 31, 2012 | 168,900 | $ | 4.17 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Granted | 278,250 | 5.83 | ||||||||||||||
Vested | (150,250 | ) | 5.09 | |||||||||||||
Forfeited | (7,750 | ) | 4.21 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Balance at December 31, 2013 | 289,150 | $ | 5.29 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
        At December 31, 2013, there was $1.1 million of total unrecognized compensation expense related to non-vested share-based compensation arrangements granted under the plans. The expense is expected to be recognized over a weighted average period of 2.5 years. The total fair value of shares that vested during the years ended December 31, 2013, 2012, and 2011, was $765,000, $216,000, and $681,000, respectively. | ||||||||||||||||
Segment_Reporting
Segment Reporting | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Segment Reporting | ' | |||||||||||||||||||
Segment Reporting | ' | |||||||||||||||||||
(21) Segment Reporting | ||||||||||||||||||||
        The Company operates in three business segments: commercial banking, mortgage banking, and wealth management services. As of June 30, 2013, the Company merged the remaining operations of its trust division and Wilson/Bennett Capital Management, Inc., both of which had been included in the wealth management services segment, into CWS. In addition, as of June 30, 2013, the Company merged the operations of Cardinal First Mortgage, LLC into George Mason. Results for the year ended December 31, 2013 include six months of operations of these subsidiaries. | ||||||||||||||||||||
        The commercial banking segment includes both commercial and consumer lending and provides customers with such products as commercial loans, real estate loans, business financing and consumer loans. In addition, this segment provides customers with several choices of deposit products including demand deposit accounts, savings accounts and certificates of deposit. The mortgage banking segment engages primarily in the origination and acquisition of residential mortgages for sale into the secondary market on a best efforts basis. The wealth management services segment provides investment and financial advisory services to businesses and individuals, including financial planning, retirement/estate planning, and investment management. | ||||||||||||||||||||
        Information about the reportable segments and reconciliation of this information to the consolidated financial statements at and for the years ended December 31, 2013, 2012, and 2011 follows: | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||
At and for the Year Ended December 31, 2013: | ||||||||||||||||||||
Commercial | Mortgage | Wealth | Other | Intersegment | Consolidated | |||||||||||||||
Banking | Banking | Management | Elimination | |||||||||||||||||
Services | ||||||||||||||||||||
Net interest income | $ | 90,563 | $ | 2,474 | $ | — | $ | (692 | ) | $ | — | $ | 92,345 | |||||||
Provision for loan losses | (117 | ) | 85 | — | — | — | (32 | ) | ||||||||||||
Non-interest income | 3,767 | 24,760 | 1,337 | 85 | (38 | ) | 29,911 | |||||||||||||
Non-interest expense | 43,832 | 35,185 | 1,580 | 4,044 | (38 | ) | 84,603 | |||||||||||||
Provision (benefit) for income taxes | 16,734 | (2,821 | ) | (81 | ) | (1,657 | ) | — | 12,175 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net income (loss) | $ | 33,881 | $ | (5,215 | ) | $ | (162 | ) | $ | (2,994 | ) | $ | — | $ | 25,510 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total Assets | $ | 2,862,039 | $ | 380,124 | $ | 2,266 | $ | 347,288 | $ | (697,487 | ) | $ | 2,894,230 | |||||||
At and for the Year Ended December 31, 2012: | ||||||||||||||||||||
Commercial | Mortgage | Wealth | Other | Intersegment | Consolidated | |||||||||||||||
Banking | Banking | Management | Elimination | |||||||||||||||||
Services | ||||||||||||||||||||
Net interest income | $ | 89,472 | $ | 2,365 | $ | — | $ | (834 | ) | $ | — | $ | 91,003 | |||||||
Provision for loan losses | 6,865 | 258 | — | — | — | 7,123 | ||||||||||||||
Non-interest income | 5,868 | 54,794 | 2,623 | 176 | (69 | ) | 63,392 | |||||||||||||
Non-interest expense | 43,495 | 29,529 | 2,656 | 3,706 | (69 | ) | 79,317 | |||||||||||||
Provision (benefit) for income taxes | 14,436 | 9,764 | (14 | ) | (1,528 | ) | — | 22,658 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net income (loss) | $ | 30,544 | $ | 17,608 | $ | (19 | ) | $ | (2,836 | ) | $ | — | $ | 45,297 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total Assets | $ | 2,954,412 | $ | 815,820 | $ | 2,693 | $ | 329,328 | $ | (1,063,066 | ) | $ | 3,039,187 | |||||||
At and for the Year Ended December 31, 2011: | ||||||||||||||||||||
Commercial | Mortgage | Wealth | Other | Intersegment | Consolidated | |||||||||||||||
Banking | Banking | Management | Elimination | |||||||||||||||||
Services | ||||||||||||||||||||
Net interest income | $ | 77,456 | $ | 2,522 | $ | — | $ | (816 | ) | $ | — | $ | 79,162 | |||||||
Provision for loan losses | 6,910 | — | — | — | — | 6,910 | ||||||||||||||
Non-interest income | 6,116 | 25,592 | 2,552 | 161 | (88 | ) | 34,333 | |||||||||||||
Non-interest expense | 42,202 | 16,032 | 2,610 | 3,709 | (88 | ) | 64,465 | |||||||||||||
Provision (benefit) for income taxes | 11,397 | 4,291 | (29 | ) | (1,537 | ) | — | 14,122 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net income (loss) | $ | 23,063 | $ | 7,791 | $ | (29 | ) | $ | (2,827 | ) | $ | — | $ | 27,998 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total Assets | $ | 2,549,326 | $ | 531,403 | $ | 590 | $ | 278,820 | $ | (757,423 | ) | $ | 2,602,716 | |||||||
        The Company did not have any operating segments other than those reported. Parent company financial information is included in the "Other" category and represents an overhead function rather than an operating segment. The parent company's most significant assets are its net investments in its subsidiaries. The parent company's net interest expense is comprised of interest income from short-term investments and interest expense on trust preferred securities. | ||||||||||||||||||||
Financial_Instruments_with_Off
Financial Instruments with Off Balance Sheet Risk | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Financial Instruments with Off Balance Sheet Risk | ' | |||||||
Financial Instruments with Off Balance Sheet Risk | ' | |||||||
(22) Financial Instruments with Off Balance Sheet Risk | ||||||||
        The Company 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. Commitments to extend credit are agreements to lend to a customer so long as there is no violation of any condition established in the contract. Commitments usually have fixed expiration dates up to one year 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 represent obligations of the Company to extend credit or guarantee borrowings and are not recorded on the consolidated statements of financial condition. The rates and terms of these instruments are competitive with others in the market in which the Company operates. | ||||||||
        The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. The Company evaluates each customer's creditworthiness on a case-by-case basis and requires collateral to support financial instruments when deemed necessary. The amount of collateral obtained upon extension of credit is based upon management's evaluation of the counterparty. Collateral held varies but may include deposits held by the Company, marketable securities, accounts receivable, inventory, property, plant and equipment, and income-producing commercial properties. | ||||||||
        Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of the contractual obligations by a customer to a third party. The majority of these guarantees extend until satisfactory completion of the customer's contractual obligations. All standby letters of credit outstanding at December 31, 2013 are collateralized. | ||||||||
        Commitments to extend credit of $210.9 million as of December 31, 2013 are related to George Mason's mortgage loan funding commitments and are of a short term nature. Commitments to extend credit of $1.3 billion primarily have floating rates as of December 31, 2013. | ||||||||
        These off-balance sheet financial instruments may involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated statements of financial condition. Credit risk is defined as the possibility of sustaining a loss because the other parties to a financial instrument fail to perform in accordance with the terms of the contract. The Company's maximum exposure to credit loss under standby letters of credit and commitments to extend credit is represented by the contractual amounts of those instruments. It is uncertain as to the amount, if any, that the Company will be required to fund on these commitments as many such arrangements expire with no amounts drawn. | ||||||||
        A summary of the contract amount of the Bank's exposure to off-balance-sheet risk as of December 31, 2013 and 2012 is as follows: | ||||||||
        (In thousands) | ||||||||
2013 | 2012 | |||||||
Financial instruments whose contract amounts represent potential credit risk: | ||||||||
Commitments to extend credit | $ | 1,486,572 | $ | 1,248,766 | ||||
Standby letters of credit | 28,008 | 36,466 | ||||||
        The fair value of the liability associated with standby letters of credit and commitments to extend credit for the years ended December 31, 2013 and 2012 were $517,000 and $415,000, respectively. | ||||||||
        George Mason provides for its estimated exposure to repurchase loans previously sold to investors for which borrowers failed to provide full and accurate information on their loan application or for which appraisals were not acceptable or where the loan was not underwritten in accordance with the loan program specified by the loan investor, and for other exposure to its investors related to loan sales activities. The Company evaluates the merits of each claim and estimates its reserve based on actual and expected claims received and considers the historical amounts paid to settle such claims. The Company recognizes an expense when settlement is deemed probable and the amount of such a settlement is estimable. Given the steps that have been taken to limit the exposure coupled with the passage of time and the expiration of the statute of limitations for loans originated in certain prior years, the Company's current expectation is that future putback claims will be limited in number. | ||||||||
        During 2013 and 2012, George Mason either repurchased from or settled with investors on such loans for a total of $302,000 and $375,000, respectively. This reserve had a balance of $261,000 and $628,000 for the years ended December 31, 2013 and 2012, respectively. The expense (benefit) related to this reserve for the years ended December 31, 2013, 2012, and 2011, was ($49,000), $962,000, and $670,000, respectively. | ||||||||
        The Company has derivative counter-party risk which may arise from the possible inability of George Mason's third-party investors to meet the terms of their forward sales contracts. George Mason works with third-party investors that are generally well-capitalized, are investment grade and exhibit strong financial performance to mitigate this risk. The Company does not expect any third-party investor to fail to meet its obligation. | ||||||||
        The Company has guaranteed payment of the $20.0 million debt of Statutory Trust I. See Note 11 for further discussion of this debt. | ||||||||
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||
(23) Fair Value Measurements | |||||||||||||||||
        The fair value framework under U.S. generally accepted accounting principles defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. It also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring the fair value. There are three levels of inputs that may be used to measure fair value: | |||||||||||||||||
Level 1—Quoted prices in active markets for identical assets or liabilities as of the measurement date. | |||||||||||||||||
Level 2—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; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. | |||||||||||||||||
Level 3—Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. | |||||||||||||||||
Recurring Fair Value Measurements | |||||||||||||||||
        All classes of the Company's investment securities available-for-sale with the exception of its treasury securities, the Company's trading investment securities, which include cash equivalents and mutual funds, and bank-owned life insurance are recorded at fair value using reliable and unbiased evaluations by an industry-wide valuation service and therefore fall into the Level 2 category. This service uses evaluated pricing models that vary based on asset class and include available trade, bid, and other market information. Generally, the methodology includes broker quotes, proprietary models, vast descriptive terms and conditions databases, as well as extensive quality control programs. The Company's treasury securities are recorded at fair value using the unadjusted quoted market prices for identical securities and therefore fall under the Level 1 category. | |||||||||||||||||
        The Company had an interest rate swap to hedge against the change in fair value of one fixed rate commercial loan. The loan and associated interest rate swap matured during 2013. This loan was recorded at fair value using published yield curve rates from a national valuation service. These observable rates and inputs were applied to a third party industry-wide valuation model, and therefore, the valuations fall into a Level 2 category. Commercial and residential loans are evaluated for impairment and the carrying value of such loans is recorded at fair value based on appraisals of the underlying collateral completed by third parties using Level 2 valuation inputs. | |||||||||||||||||
        The Company had two additional interest rate swap derivatives designated as cash flow hedges which matured during 2013. These swaps were recorded at fair value using published yield curve rates from a national valuation service. These observable rates and inputs are applied to a third party industry-wide valuation model, and therefore, the valuations fall into a Level 2 category. | |||||||||||||||||
        The Company records its interest rate lock commitments and forward loan sales commitments at fair value determined as the amount that would be required to settle each of these derivative financial instruments at the balance sheet date. In the normal course of business, George Mason enters into contractual interest rate lock commitments to extend credit to borrowers with fixed expiration dates. The commitments become effective when the borrowers "lock-in" a specified interest rate within the time frames established by the mortgage company. All borrowers are evaluated for credit worthiness prior to the extension of the commitment. Market risk arises if interest rates move adversely between the time of the interest rate lock by the borrower and the sale date of the loan to an investor. To mitigate the effect of the interest rate risk inherent in providing rate lock commitments to borrowers, George Mason enters into best efforts forward sales contracts to sell loans to investors. The forward sales contracts lock in an interest rate and price for the sale of loans similar to the specific rate lock commitments. Both the rate lock commitments to the borrowers and the forward sales contracts to the investors through to the date the loan closes are undesignated derivatives and accordingly, are marked to fair value through earnings. These valuations fall into a Level 2 category. | |||||||||||||||||
        There was one significant transfer from Level 3 to Level 2 measurements in the fair value hierarchy during the year ended December 31, 2013. There were no significant transfers into and out of Level 1, Level 2 and Level 3 measurements in the fair value hierarchy during the years ended December 31, 2012 and 2011. Transfers between levels are recognized at the end of each reporting period. The valuation technique used for fair value measurements using significant other observable inputs (Level 2) is the market approach for each class of assets and liabilities. At December 31, 2013, pooled trust preferred investment securities of $2.8 million were moved to the available-for-sale investment portfolio and transferred from a Level 3 to a Level 2 fair value measurement as a result of the aforementioned interim rule to the Volcker Rule. The Company will be required to divest of these investments by July 2015, and therefore the Company now records a fair value measurement on these investments based on a live market bid at period end, which is a Level 2 measurement. An impairment of $300,000 was recorded for the year ended December 31, 2013 as a result of this change in fair value methodology. | |||||||||||||||||
        Assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 and 2012 are shown below: | |||||||||||||||||
At December 31, 2013 | |||||||||||||||||
(In thousands) | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Description | Balance | Quoted Prices in | Significant | Significant | |||||||||||||
Active markets for | Other | Unobservable | |||||||||||||||
Identical Assets | Observable | Inputs | |||||||||||||||
(Level 1) | Inputs | (Level 3) | |||||||||||||||
(Level 2) | |||||||||||||||||
Investment securities available-for-sale: | |||||||||||||||||
U.S. treasury securities | $ | 5,029 | $ | 5,029 | $ | — | $ | — | |||||||||
U.S. government-sponsored agencies | 76,928 | 76,928 | — | ||||||||||||||
Mortgage-backed securities | 147,829 | — | 147,829 | — | |||||||||||||
Municipal securities | 116,738 | — | 116,738 | — | |||||||||||||
Pooled trust preferred securities | 2,795 | — | 2,795 | — | |||||||||||||
Total investment securities available-for-sale | 349,319 | 5,029 | 344,290 | — | |||||||||||||
Investment securities—trading | 3,890 | — | 3,890 | — | |||||||||||||
Bank-owned life insurance | 32,063 | — | 32,063 | — | |||||||||||||
Derivative asset—rate lock and forward loan sales commitments | 16,478 | — | 16,478 | — | |||||||||||||
Derivative asset—interest rate lock commitments | 9 | — | 9 | — | |||||||||||||
Derivative liability—rate lock and forward loan sales commitments | 4,052 | — | 4,052 | — | |||||||||||||
Derivative liability—interest rate lock commitments | 1,554 | — | 1,554 | — | |||||||||||||
At December 31, 2012 | |||||||||||||||||
(In thousands) | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Description | Balance | Quoted Prices in | Significant | Significant | |||||||||||||
Active markets for | Other | Unobservable | |||||||||||||||
Identical Assets | Observable | Inputs | |||||||||||||||
(Level 1) | Inputs | (Level 3) | |||||||||||||||
(Level 2) | |||||||||||||||||
Investment securities available-for-sale: | |||||||||||||||||
U.S. treasury securities | $ | 5,110 | $ | 5,110 | $ | — | $ | — | |||||||||
U.S. government-sponsored agencies | 61,533 | 61,533 | — | ||||||||||||||
Mortgage-backed securities | 118,913 | — | 118,913 | — | |||||||||||||
Municipal securities | 86,347 | — | 86,347 | — | |||||||||||||
Total investment securities available-for-sale | 271,903 | 5,110 | 266,793 | — | |||||||||||||
Investment securities—trading | 3,151 | — | 3,151 | — | |||||||||||||
Loan receivable designated in fair value hedge | 11,652 | — | 11,652 | — | |||||||||||||
Bank-owned life insurance | 31,652 | — | 31,652 | — | |||||||||||||
Derivative liability—interest rate swaps | 616 | — | 616 | — | |||||||||||||
Derivative asset—rate lock and forward loan sales commitments | 26,793 | — | 26,793 | — | |||||||||||||
Derivative asset—interest rate lock commitments | 449 | — | 449 | — | |||||||||||||
Derivative liability—rate lock and forward loan sales commitments | 4,072 | — | 4,072 | — | |||||||||||||
Derivative liability—interest rate lock commitments | 91 | — | 91 | — | |||||||||||||
Nonrecurring Fair Value Measurements | |||||||||||||||||
        Certain assets and liabilities are measured at fair value on a nonrecurring basis and are not included in the tables above. These assets include the valuation of the Company's pooled trust preferred securities held in its held-to-maturity investment securities portfolio, loans receivable—evaluated for impairment and other real estate owned. | |||||||||||||||||
At December 31, 2013 | |||||||||||||||||
(In thousands) | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Description | Balance | Quoted Prices in | Significant | Significant | |||||||||||||
Active markets for | Other | Unobservable | |||||||||||||||
Identical Assets | Observable | Inputs | |||||||||||||||
(Level 1) | Inputs | (Level 3) | |||||||||||||||
(Level 2) | |||||||||||||||||
Pooled trust preferred securities | $ | 2,910 | $ | — | $ | — | $ | 2,910 | |||||||||
Loans receivable—evaluated for impairment | 3,378 | — | 301 | 3,077 | |||||||||||||
At December 31, 2012 | |||||||||||||||||
(In thousands) | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Description | Balance | Quoted Prices in | Significant | Significant | |||||||||||||
Active markets for | Other | Unobservable | |||||||||||||||
Identical Assets | Observable | Inputs | |||||||||||||||
(Level 1) | Inputs | (Level 3) | |||||||||||||||
(Level 2) | |||||||||||||||||
Pooled trust preferred securities | $ | 5,072 | $ | — | $ | — | $ | 5,072 | |||||||||
Loans receivable—evaluated for impairment | 8,446 | — | 820 | 7,626 | |||||||||||||
        The Company's held-to-maturity portfolio includes investments in two pooled trust preferred securities, totaling $4.0 million of par value at December 31, 2013. The collateral underlying these structured securities are instruments issued by financial institutions. The Company owns the A-3 tranches in each issuance. Observable trading activity remains limited for these types of securities. The Company has estimated the fair value of the securities through the use of internal calculations and through information provided by external pricing services. Given the level of subordination below the A-3 tranches, and the actual and expected performance of the underlying collateral, the Company expects to receive all contractual interest and principal payments recovering the amortized cost basis of each of the two securities, and concluded that these securities are not other-than-temporarily impaired. The Company also utilizes a multi-scenario model which assumes varying levels of additional defaults and deferrals and the effects of such adverse developments on the contractual cash flows for the A-3 tranches. In each of the adverse scenarios, there was no indication of a break to the A-3 contractual cash flows. | |||||||||||||||||
        The Company's loans receivable—evaluated for impairment are measured at the present value of its expected future cash flows discounted at the loan's coupon rate, or at the loan's observable market price or fair value of the collateral if the loan is collateral dependent. The Company measures the collateral value on loans receivable—evaluated for impairment by obtaining an updated appraisal of the underlying collateral and may discount further the appraised value, if necessary, to an amount equal to the expected cash proceeds in the event the loan is foreclosed upon and the collateral is sold. In addition, an estimate of costs to sell the collateral is assumed. The Company values other real estate owned by obtaining an updated appraisal of the property foreclosed upon, and discounts further the appraised value to an amount equal to the expected cash proceeds upon the sale of the property. Loans receivable—evaluated for impairment and other real estate owned are valued using third party appraisal data that is based on market comparisons and may be subject to further adjustment for certain non-observable criteria. | |||||||||||||||||
        Loans receivable—evaluated for impairment that are designated at fair value using Level 3 inputs on a nonrecurring basis total $3.1 million at December 31, 2013. The total amount for each period presented represents the entire population of loans receivable—evaluated for impairment, and of this amount, $3.1 million was determined to be impaired and recorded at fair value. Collateral is in the form of real estate or business assets including equipment, inventory, and accounts receivable. The vast majority of the Company's collateral is real estate. The value of real estate collateral is determined utilizing an income or market valuation approach based on an appraisal conducted by an independent, licensed appraiser using observable market data (Level 2). However, in certain instances, the Company applies a discount to the valuation of the collateral if the collateral being evaluated is in process of construction or a residence. In addition, the Company considers past experience of actual sales of collateral and may further discount the appraisal of the collateral being evaluated. This is considered a Level 3 valuation. The value of business equipment is based upon the net book value on the applicable business's financial statements if not considered significant using observable market data. Likewise, values for inventory and accounts receivable collateral are based on financial statement balances or aging reports (Level 3). Fair value adjustments are recorded in the period incurred as provision for loan losses on the consolidated statements of income. At December 31, 2013, the Company's Level 3 loans consisted of one relationship totaling $2.3 million which was secured primarily by commercial real estate which did not have a valuation allowance and one relationship totaling $814,000 which was primarily secured by business assets. | |||||||||||||||||
        Although management uses its best judgment in estimating the fair value of financial instruments, there are inherent limitations in any estimation technique. Because of the wide range of valuation techniques and the numerous estimates and assumptions which must be made, it may be difficult to make reasonable comparisons between the Company's fair value information and that of other banking institutions. It is important that the many uncertainties be considered when using the estimated fair value disclosures and that, because of these uncertainties, the aggregate fair value amount should not be construed as representative of the underlying value of the Company. | |||||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||
        The assumptions used and the estimates disclosed represent management's best judgment of appropriate valuation methods for estimating the fair value of financial instruments. These estimates are based on pertinent information available to management at the valuation date. In certain cases, fair values are not subject to precise quantification or verification and may change as economic and market factors and management's evaluation of those factors change. | |||||||||||||||||
        The following summarizes the significant methodologies and assumptions used in estimating the fair values presented in the following table, and not disclosed elsewhere in this footnote. | |||||||||||||||||
Cash and Cash Equivalents | |||||||||||||||||
        The carrying amount of cash and cash equivalents is used as a reasonable estimate of fair value. | |||||||||||||||||
Investment Securities Held-to-Maturity and Other Investments | |||||||||||||||||
        Fair values for investment securities held-to-maturity are based on quoted market prices or prices quoted for similar financial instruments. | |||||||||||||||||
Loans Held for Sale | |||||||||||||||||
        Loans held for sale are carried at the lower of cost or estimated fair value. The estimated fair value is based upon the related purchase price commitments from secondary market investors. | |||||||||||||||||
Loans Receivable, Net | |||||||||||||||||
        In order to determine the fair market value for loans receivable, the loan portfolio was segmented based on loan type, credit quality and maturities. For certain variable rate loans with no significant credit concerns and frequent repricings, estimated fair values are based on current carrying amounts. The fair values of other loans are estimated using discounted cash flow analyses, at interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. The fair value analysis also included other assumptions to estimate fair value, intended to approximate those a market participant would use in an orderly transaction, with adjustments for discount rates, interest rates, and liquidity, as appropriate. This method of estimating fair value does not incorporate the exit-price concept of fair value which is appropriate for this disclosure. | |||||||||||||||||
Deposits | |||||||||||||||||
        The fair values for demand deposits are equal to the carrying amount since they are payable on demand at the reporting date. The carrying amounts of variable rate, fixed-term money market accounts and certificates of deposit (CDs) approximate their fair value at the reporting date. Fair values for fixed-rate CDs are estimated using a discounted cash flow calculation that applies interest rates currently being offered on CDs to a schedule of aggregated expected monthly maturities on time deposits. | |||||||||||||||||
Other Borrowed Funds | |||||||||||||||||
        The fair value of other borrowed funds is estimated using a discounted cash flow calculation that applies interest rates currently available for loans with similar terms. | |||||||||||||||||
Accrued Interest Receivable | |||||||||||||||||
        The carrying amount of accrued interest receivable approximates its fair value. | |||||||||||||||||
        The following summarizes the carrying amount of these financial assets and liabilities that the Company has not recorded at fair value on a recurring basis at December 31, 2013 and 2012: | |||||||||||||||||
December 31, 2013 | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Carrying | Estimated | ||||||||||||||||
(In thousands) | Amount | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Financial assets: | |||||||||||||||||
Cash and cash equivalents | $ | 29,209 | $ | 29,209 | $ | 29,209 | $ | — | $ | — | |||||||
Investment securities available-for-sale | 349,319 | 349,319 | 5,029 | 344,290 | — | ||||||||||||
Investment securities held-to-maturity and other investments | 25,545 | 24,595 | — | 21,685 | 2,910 | ||||||||||||
Loans held for sale | 373,993 | 373,993 | — | 373,993 | — | ||||||||||||
Loans receivable, net | 2,012,304 | 2,024,835 | — | 301 | 2,024,534 | ||||||||||||
Accrued interest receivable | 7,939 | 7,939 | 7,939 | — | — | ||||||||||||
Financial liabilities: | |||||||||||||||||
Demand deposits | $ | 433,749 | $ | 433,749 | $ | 433,749 | $ | — | $ | — | |||||||
Interest checking | 398,136 | 398,136 | 398,136 | — | — | ||||||||||||
Money market and statement savings | 475,707 | 475,707 | 475,707 | — | — | ||||||||||||
Certificates of deposit | 751,267 | 756,191 | — | 756,191 | — | ||||||||||||
Other borrowed funds | 475,232 | 491,236 | — | 491,236 | — | ||||||||||||
Accrued interest payable | 869 | 869 | 869 | — | — | ||||||||||||
December 31, 2012 | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Carrying | Estimated | ||||||||||||||||
(In thousands) | Amount | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Financial assets: | |||||||||||||||||
Cash and cash equivalents | $ | 67,140 | $ | 67,140 | $ | 67,140 | $ | — | $ | — | |||||||
Investment securities available-for-sale | 271,903 | 271,903 | 5,110 | 266,793 | — | ||||||||||||
Investment securities held-to-maturity and other investments | 25,668 | 23,321 | — | 18,249 | 5,072 | ||||||||||||
Loans held for sale | 785,751 | 785,751 | — | 785,751 | — | ||||||||||||
Loans receivable, net | 1,776,029 | 1,823,356 | — | 12,472 | 1,810,884 | ||||||||||||
Accrued interest receivable | 7,333 | 7,333 | 7,333 | — | — | ||||||||||||
Financial liabilities: | |||||||||||||||||
Demand deposits | $ | 351,815 | $ | 351,815 | $ | 351,815 | $ | — | $ | — | |||||||
Interest checking | 347,697 | 347,697 | 347,697 | — | — | ||||||||||||
Money market and statement savings | 430,391 | 430,391 | 430,391 | — | — | ||||||||||||
Certificates of deposit | 1,113,855 | 1,124,235 | — | 1,124,235 | — | ||||||||||||
Other borrowed funds | 392,275 | 418,808 | — | 418,808 | — | ||||||||||||
Accrued interest payable | 974 | 974 | 974 | — | — |
Parent_Company_Only_Financial_
Parent Company Only Financial Statements | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Parent Company Only Financial Statements | ' | ||||||||||
Parent Company Only Financial Statements | ' | ||||||||||
(24) Parent Company Only Financial Statements | |||||||||||
        The Cardinal Financial Corporation (Parent Company only) condensed financial statements are as follows: | |||||||||||
PARENT COMPANY ONLY CONDENSED STATEMENTS OF CONDITION | |||||||||||
December 31, 2013 and 2012 | |||||||||||
(In thousands) | |||||||||||
2013 | 2012 | ||||||||||
Assets | |||||||||||
Cash and cash equivalents | $ | 4,311 | $ | 7,141 | |||||||
Investment securities—Trading | 3,890 | 3,151 | |||||||||
Other investments | 113 | 113 | |||||||||
Investment in subsidiaries | 333,076 | 315,367 | |||||||||
Premises and equipment, net | 632 | 671 | |||||||||
Goodwill | 24 | 24 | |||||||||
Other assets | 5,242 | 2,861 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total assets | $ | 347,288 | $ | 329,328 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Liabilities and Shareholders' Equity | |||||||||||
Debt to Cardinal Statutory Trust I | $ | 20,619 | $ | 20,619 | |||||||
Other liabilities | 6,137 | 643 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total liabilities | 26,756 | 21,262 | |||||||||
Total shareholders' equity | $ | 320,532 | $ | 308,066 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total liabilities and shareholders' equity | $ | 347,288 | $ | 329,328 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
PARENT COMPANY ONLY CONDENSED STATEMENTS OF OPERATIONS | |||||||||||
Years Ended December 31, 2013, 2012, and 2011 | |||||||||||
(In thousands) | |||||||||||
2013 | 2012 | 2011 | |||||||||
Income: | |||||||||||
Net interest expense | $ | (692 | ) | $ | (834 | ) | $ | (816 | ) | ||
Net realized and unrealized trading losses | 68 | 158 | 144 | ||||||||
Other income | 17 | 18 | 17 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total income (loss) | (607 | ) | (658 | ) | (655 | ) | |||||
Expense—general and administrative | 4,044 | 3,706 | 3,709 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net loss before income taxes and equity in undistributed earnings of subsidiaries | (4,651 | ) | (4,364 | ) | (4,364 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Income tax benefit | (1,657 | ) | (1,528 | ) | (1,537 | ) | |||||
Equity in undistributed earnings of subsidiaries | 28,504 | 48,133 | 30,825 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net income | $ | 25,510 | $ | 45,297 | $ | 27,998 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
PARENT COMPANY ONLY CONDENSED STATEMENTS OF CASH FLOWS | |||||||||||
Years ended December 31, 2013, 2012, and 2011 | |||||||||||
(In thousands) | |||||||||||
2013 | 2012 | 2011 | |||||||||
Cash flows from operating activities: | |||||||||||
Net income | $ | 25,510 | $ | 45,297 | $ | 27,998 | |||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Equity in undistributed earnings of subsidiaries | (28,504 | ) | (48,133 | ) | (30,825 | ) | |||||
Depreciation | 39 | 42 | 44 | ||||||||
Proceeds from sale of investment securities—trading | — | — | 743 | ||||||||
Purchase of investment securities—trading | (1,707 | ) | (1,174 | ) | (1,182 | ) | |||||
Unreliazed gain on investment securities—trading | (68 | ) | (158 | ) | (144 | ) | |||||
Impairment of goodwill and other intangible assets | — | — | — | ||||||||
Increase (decrease) in other assets and liabilities | 7,782 | 1,430 | (3,670 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) operating activities | 3,050 | (2,696 | ) | (7,036 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Cash flows from investing activities: | |||||||||||
Net cash used in investing activities | — | — | — | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Cash flows from financing activities: | |||||||||||
Dividends on common stock | (6,964 | ) | (5,892 | ) | (3,474 | ) | |||||
Stock options exercised | 1,084 | 9,090 | 2,627 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) financing activities | (5,880 | ) | 3,198 | (847 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net increase (decrease) in cash and cash equivalents | (2,830 | ) | 502 | (7,883 | ) | ||||||
Cash and cash equivalents at beginning of year | 7,141 | 6,639 | 14,522 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Cash and cash equivalents at end of year | $ | 4,311 | $ | 7,141 | $ | 6,639 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Other_Operating_Expenses
Other Operating Expenses | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Other Operating Expenses | ' | ||||||||||
Other Operating Expenses | ' | ||||||||||
(25) Other Operating Expenses | |||||||||||
        The following shows the composition of other operating expenses for the years ended December 31, 2013, 2012, and 2011: | |||||||||||
(In thousands) | 2013 | 2012 | 2011 | ||||||||
Stationary and supplies | $ | 1,808 | $ | 1,693 | $ | 1,183 | |||||
Other taxes | 624 | 467 | 284 | ||||||||
Travel and entertainment | 764 | 763 | 632 | ||||||||
Premises and equipment | 4,164 | 3,524 | 2,669 | ||||||||
Business memberships | 500 | 447 | 328 | ||||||||
Employment services | 141 | 253 | 172 | ||||||||
Board of directors expenses | 698 | 538 | 575 | ||||||||
Loan expense | 589 | 454 | 463 | ||||||||
Miscellaneous | 3,944 | 3,236 | 2,106 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total other operating expense | $ | 13,232 | $ | 11,375 | $ | 8,412 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events | ' |
Subsequent Events | ' |
(26) Subsequent Events | |
        On January 16, 2014, the Company announced the completion of its acquisition of United Financial Banking Companies, Inc. ("UFBC"), the holding company of The Business Bank ("TBB"), pursuant to a previously announced definitive merger agreement. The merger of UFBC into Cardinal was effective January 16, 2014. Under the terms of the merger agreement, UFBC shareholders received $19.13 in cash and 1.154 shares of the Company's common stock in exchange for each share of UFBC common stock they owned immediately prior to the merger, for a total purchase price of $53.6 million. TBB, which was headquartered in Vienna, Virginia, merged into Cardinal Bank effective March 8, 2014 adding eight (8) banking locations in northern Virginia, one of the Company's target markets. | |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Summary of Significant Accounting Policies | ' | ||||||
Use of Estimates | ' | ||||||
(a) | |||||||
Use of Estimates | |||||||
        U.S. generally accepted accounting principles are complex and require management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and contingent liabilities, at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates affecting the Company's financial statements relate to accounting for business combinations and impairment testing of goodwill, the allowance for loan losses, accounting for impairment of identifiable intangible assets, the valuation of the deferred tax assets, other-than-temporary impairment assessments for investment securities, fair value measurements of certain assets and liabilities, fair values of derivatives and investment securities and reserves for repurchase of mortgage loans previously sold to investors. Actual results could differ from these estimates. | |||||||
Principles of Consolidation | ' | ||||||
(b) | |||||||
Principles of Consolidation | |||||||
        The consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation. | |||||||
Accounting for Business Combinations | ' | ||||||
(c) | |||||||
Accounting for Business Combinations | |||||||
        Business combinations are accounted for under the purchase method. The purchase method requires that the cost of an acquired entity be allocated to the assets acquired and liabilities assumed, based on their estimated fair values at the date of acquisition. The excess of the cost of an acquired entity over the net of the amounts assigned to assets acquired and liabilities assumed, including identifiable intangibles, is recorded as goodwill. | |||||||
Cash and Cash Equivalents | ' | ||||||
(d) | |||||||
Cash and Cash Equivalents | |||||||
        For the consolidated statements of cash flows, the Company has defined cash and cash equivalents as cash and due from banks and federal funds sold. | |||||||
Investment Securities | ' | ||||||
(e) | |||||||
Investment Securities | |||||||
        The Company classifies its investment securities into one of three categories: available-for-sale, held-to-maturity or trading. Held-to-maturity securities are those securities for which the Company has the ability and intent to hold until maturity. Trading securities are those securities for which the Company has purchased and holds for the purpose of selling in the near future. All other securities are classified as available-for-sale. | |||||||
        Held-to-maturity securities are carried at amortized cost. Available-for-sale and trading securities are carried at estimated fair value. Unrealized gains and losses, net of applicable tax, on available-for-sale securities are reported in other comprehensive income (loss). Unrealized market value adjustments, fees and realized gains and losses, on trading securities are reported in non-interest income. | |||||||
        At December 31, 2013 and 2012, the Company had investment securities classified as trading. These investments were purchased to economically hedge against fair value changes of the Company's nonqualified deferred compensation plan liability. Those investments were designated as trading securities, and as such, the changes in fair value are reflected in earnings. | |||||||
        Gains and losses on the sale of securities are determined using the specific identification method. | |||||||
        The Company regularly evaluates its securities whose values have declined below their amortized cost to assess whether the decline in fair value is other-than-temporary. The Company considers various factors in determining whether a decline in fair value is other-than-temporary including the issuer's financial condition and/or future prospects, the effects of changes in interest rates or credit spreads, the expected recovery period and other quantitative and qualitative information. The valuation of securities for impairment is a process subject to estimation, judgment and uncertainty and is intended to determine whether declines in the fair value of investments should be recognized in current period earnings. The risks and uncertainties include changes in general economic conditions and future changes in assessments of the aforementioned factors. It is expected that such factors will change in the future, which may result in future other-than-temporary impairments. For impairments of debt securities that are deemed to be other-than-temporary, the credit portion of an other-than-temporary impairment loss is recognized in earnings and the non-credit portion is recognized in accumulated other comprehensive income in those situations where the Company does not intend to sell the security and it is more likely than not that the Company will not be required to sell the security prior to recovery. | |||||||
        On December 10, 2013, the Office of the Comptroller of the Currency, the FDIC, the Board of Governors of the Federal Reserve System, the SEC, and the Commodity Futures Trading Commission (collectively, "the Agencies"), released final rules (the "Final Rules") to implement Section 619 of the Financial Reform Act, commonly known as the "Volcker Rule". The Volcker Rule, among other things, prohibits banking entities from engaging in proprietary trading and from sponsoring, having an ownership interest in or having certain relationships with hedge funds or private equity funds (referred to in the Final Rules as a covered fund), subject to certain exemptions. The Final Rules impact certain investments held by banks in collateralized debt obligations backed by trust preferred securities, which may constitute ownership interests in covered funds as those terms are defined in the Final Rules. On January 14, 2014, an interim rule was issued by the federal banking regulators to exempt certain of these trust preferred securities from the covered fund definition as issued in the Final Rules. | |||||||
        The Company owns four pooled trust preferred securities which were all previously classified as held-to-maturity within the investment securities portfolio. Based on the interim rule, only two of the four investments were exempt from the covered fund definition. For the two investments that were not exempt as a result of the interim rule, the Company will be required to divest its investment in these particular pooled trust preferred securities prior to the effectiveness of the Final Rule in July 2015. As a result of this new regulation, these two investments were reclassified to the available-for-sale investment securities portfolio and an other-than-temporary impairment of $300,000 was recognized as of December 31, 2013 as we no longer have the ability to hold until recovery. | |||||||
        Interest income and dividends on securities are recognized in interest income on an accrual basis. Premiums and discounts are recognized in interest income using the effective interest method. Prepayments of the mortgages securing mortgage-backed securities may affect the yield to maturity. The Company uses actual principal prepayment experience and estimates of future principal prepayments in calculating the yield necessary to apply the effective interest method. | |||||||
Loans Held for Sale | ' | ||||||
(f) | |||||||
Loans Held for Sale | |||||||
        Mortgage loans originated and intended for sale into the secondary market are carried at the lower of cost or estimated fair value, determined on an aggregate loan basis. The Company sells its mortgage loans forward to investors and the estimated fair value is largely dependent upon the terms of these outstanding loan purchase commitments as well as movement in market interest rates. Net unrealized losses, if any, are recognized through a valuation allowance by charges to operations. The carrying amount of loans held for sale includes principal balances, valuation allowances, origination premiums or discounts and fees and direct costs that are deferred at the time of origination. | |||||||
        The Company sells its originated mortgage loans to third party investors servicing released. Upon sale and delivery, the loans are legally isolated from the Company and the Company has no ability to restrict or constrain the ability of third-party investors to pledge or exchange the mortgage loans. The Company does not have the entitlement or ability to repurchase the mortgage loans or unilaterally cause third-party investors to put the mortgage loans back to the Company. | |||||||
Loans Receivable and Allowance for Loan Losses | ' | ||||||
(g) | |||||||
Loans Receivable and Allowance for Loan Losses | |||||||
        Loans receivable that management has the intent and ability to hold for the foreseeable future or until loan maturity or pay-off are reported at their outstanding principal balance adjusted for any charge-offs, and net of the allowance for loan losses and deferred fees and costs. Loan origination fees and certain direct origination costs are deferred and amortized as an adjustment of the yield using the payment terms required by the loan contract. | |||||||
        Loans are generally placed into nonaccrual status when they are past-due 90 days as to either principal or interest or when, in the opinion of management, the collection of principal and/or interest is in doubt. A loan remains in nonaccrual status until the loan is current as to payment of both principal and interest or past-due less than 90 days and the borrower demonstrates the ability to pay and remain current. Loans are charged-off when a loan or a portion thereof is considered uncollectible. When cash payments are received, they are applied to principal first, then to accrued interest. It is the Company's policy not to record interest income on nonaccrual loans until principal has become current. In certain instances, accruing loans that are past due 90 days or more as to principal or interest may not go on nonaccrual status if the Chief Credit Officer determines that the loans are well secured and are in the process of collection. | |||||||
        The Company determines and recognizes impairment of certain loans when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the loan agreement. A loan is not considered impaired during a period of delay in payment if the Company expects to collect all amounts due, including past-due interest. An impaired loan is measured at the present value of its expected future cash flows discounted at the loan's coupon rate, or at the loan's observable market price or fair value of the collateral if the loan is collateral dependent. Because substantially all of the Company's loans are collateral dependent, the Company generally measures impairment based on the estimated fair value of the collateral. The Company measures the collateral value on impaired loans by obtaining an updated appraisal of the underlying collateral and may discount further the appraised value, if necessary, to an amount equal to the expected cash proceeds in the event the loan is foreclosed upon and the collateral is sold. In addition, an estimate of costs to sell the collateral is assumed. | |||||||
        Nonperforming assets include nonaccrual loans, loans past due 90 days or more and other real estate owned. | |||||||
        The allowance for loan losses is increased by provisions for loan losses and recoveries of previously charged-off loans, and decreased by loan charge-offs. | |||||||
        The Company maintains the allowance for loan losses at a level that represents management's best estimate of known and inherent losses in the loan portfolio. Both the amount of the provision expense and the level of the allowance for loan losses are impacted by many factors, including general and industry-specific economic conditions, actual and expected credit losses, historical trends and specific conditions of the individual borrowers including the value of the underlying collateral. Unusual and infrequently occurring events, such as weather-related disasters, may impact the assessment of possible credit losses. As a part of its analysis, the Company uses comparative peer group data and qualitative factors, such as levels of and trends in delinquencies, nonaccrual loans, charged-off loans, changes in volume and terms of loans, effects of changes in lending policy, experience and ability and depth of management, national and local economic trends and conditions and concentrations of credit, competition, and loan review results to support estimates. | |||||||
        For purposes of this analysis, the Company categorizes loans into one of five categories: commercial and industrial, commercial real estate (including construction), home equity lines of credit, residential mortgages, and consumer loans. Typically, financial institutions use their historical loss experience and trends in losses for each category which are then adjusted for portfolio trends and economical and environmental factors in determining their allowance for loan losses. Prior to 2008, the Company experienced minimal loss history within its loan portfolio and it has only been since the economic downturn that the Company has recorded a higher level of loan losses. Because of this, the Company's allowance model uses the average loss rates of similar institutions (the custom peer group) as a baseline which is then adjusted based on its particular loan portfolio characteristics and environmental factors. The indicated loss factors resulting from this analysis are applied to each of the five categories of loans. | |||||||
        The Company's peer groups are defined by selecting commercial banking institutions of similar size within Virginia, Maryland and the District of Columbia. This is known as the custom peer group. The commercial banking institutions comprising the custom peer group can change based on certain factors including but not limited to the characteristics, size, and geographic footprint of the institution. The Company has identified 20 banks for the custom peer group which are within $500 million to $5 billion in total assets, the majority of whom are geographically concentrated in the Washington metropolitan area in which the Company operates as this area has seen less of an economic downturn than other areas of the country. The Company evaluates the loan quality indicators of the custom peer group to those within its national FDIC peer group, all banks in Virginia, and all banks in Maryland. These baseline peer group loss rates are then adjusted by an estimated loss emergence factor in order to determine loss coverage for pass-level credits. Finally, the Company makes adjustments to these loss factors based on an analysis of its loan portfolio characteristics, trends, economic considerations and other conditions that should be considered in assessing the Company's credit risk. Peer loss rates are updated on at least an annual basis. | |||||||
        In addition, the Company individually assigns loss factors to all loans that have been identified as having loss attributes, as indicated by deterioration in the financial condition of the borrower or a decline in underlying collateral value if the loan is collateral dependent. In certain cases, the Company applies, in accordance with regulatory guidelines, a 5% loss factor to all loans classified as special mention, a 15% loss factor to all loans classified as substandard and a 50% loss factor to all loans classified as doubtful. Loans classified as loss loans are fully reserved or charged-off. However, in most instances, the Company evaluates the impairment of certain loans on a loan by loan basis for those loans that are adversely risk rated. For these loans, the Company analyzes the fair value of the collateral underlying the loan and considers estimated costs to sell the collateral on a discounted basis. If the net collateral value is less than the loan balance (including accrued interest and any unamortized premium or discount associated with the loan) the Company recognizes an impairment and establishes a specific reserve for the impaired loan. Because of the limited number of impaired loans within the its portfolio, the Company is able to evaluate each impaired loan individually and therefore specific reserves for impaired loans are generally less than those recommended by the listed regulatory guidelines above. | |||||||
        In addition, various regulatory agencies, as part of their examination process, periodically review the Company's allowance for loan losses. These agencies may require the Company to recognize additions to the allowance based on their risk evaluation and credit judgment. Management believes that the allowance for loan losses at December 31, 2013 and 2012 is a reasonable estimate of known and inherent losses in the loan portfolio at those dates. | |||||||
        Loans considered to be troubled debt restructuring ("TDRs") are loans that have their terms restructured (e.g., interest rates, loan maturity date, payment and amortization period, etc.) in circumstances that provide payment relief to a borrower experiencing financial difficulty. All restructured loans are considered impaired loans and may either be in accruing status or nonaccruing status. Nonaccruing restructured loans may return to accruing status provided doubt has been removed concerning the collectability of principal and interest as evidenced by a sufficient period of payment performance in accordance with the restructured terms. Loans may be removed from the restructured category in the year subsequent to the restructuring if their revised loan terms are considered to be consistent with terms that can be obtained in the credit market for loans with comparable risk and if they meet certain performance criteria. | |||||||
Premises and Equipment | ' | ||||||
(h) | |||||||
Premises and Equipment | |||||||
        Land is carried at cost. Premises, furniture, equipment, and leasehold improvements are carried at cost, less accumulated depreciation and amortization. Depreciation of premises, furniture and equipment is computed using the straight-line method over estimated useful lives from three to 25 years. Amortization of leasehold improvements is computed using the straight-line method over the useful lives of the improvements or the lease term, whichever is shorter. Purchased computer software which is capitalized is amortized over estimated useful lives of one to three years. Rent expense on operating leases is recorded using the straight-line method over the appropriate lease term. | |||||||
Goodwill and Other Intangibles | ' | ||||||
(i) | |||||||
Goodwill and Other Intangibles | |||||||
        Goodwill, which represents the excess of purchase price over fair value of net assets acquired, is not amortized but is evaluated at least annually for impairment by comparing its fair value with its carrying amount. Impairment is indicated when the carrying amount of a reporting unit exceeds its estimated fair value. | |||||||
        ASU 2011-08 simplifies testing for goodwill impairment by permitting entities to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is greater than its carrying value. If an entity can qualitatively demonstrate that a reporting unit's fair value is more likely than not greater than its carrying value, then it would not be required to perform the quantitative two-step goodwill impairment test. | |||||||
        A two-step valuation process is applied, as required by ASU 2011-08. In Step 1, each reporting unit's fair value is determined based on three metrics: (1) a primary market approach, which measures fair value based on trading multiples of independent publicly traded financial institutions of comparable size and character to the reporting units, (2) a secondary market approach, which measures fair value based on acquisition multiples of publicly traded financial institutions of comparable size and character which were recently acquired, and (3) an income approach, which estimates fair value based on discounted cash flows. If the fair value of any reporting unit exceeds its adjusted net book value, no write-down of goodwill is necessary. If the fair value of any reporting unit is less than its adjusted net book value, a Step 2 valuation procedure is required to assess the proper carrying value of the goodwill allocated to that reporting unit. The valuation procedures applied in a Step 2 valuation are similar to those that would be performed upon an acquisition, with the Step 1 fair value representing a hypothetical reporting unit purchase price. | |||||||
        No impairment was recorded for 2013, 2012, and 2011. | |||||||
Bank-Owned Life Insurance | ' | ||||||
(j) | |||||||
Bank-Owned Life Insurance | |||||||
        Under the Company's bank-owned life insurance policy, executives or other key individuals are the insureds and the Company is the owner and beneficiary of the policy. As such, the insured has no claim to the insurance policy, the policy's cash value, or a portion of the policy's death proceeds. The increase in the cash surrender value over time is recorded as other non-interest income. The Company monitors the financial strength and condition of the counterparty. | |||||||
        During 2012, the Company received a death benefit payment of $6.6 million which resulted in an increase in non-interest income of $2.4 million. | |||||||
Realized and Unrealized Gains on Mortgage Banking Activities | ' | ||||||
(k) | |||||||
Realized and Unrealized Gains on Mortgage Banking Activities | |||||||
        Realized and unrealized gains on mortgage banking activities include income earned by George Mason from the origination and sale of mortgage loans to third party investors, and other activities incidental to mortgage banking activities. The Company enters into interest rate lock commitments to sell and deliver the mortgage loans, servicing released, to third party investors on a best efforts basis. Unrealized gains include the recognition of the fair value of the rate lock commitment derivative, which approximates the differential between the par value of the loan and the amount that will be received upon the delivery of the loan to the third party investor. | |||||||
Management Fee Income | ' | ||||||
(l) | |||||||
Management Fee Income | |||||||
        Management fee income represents income earned for the management and operational support provided by George Mason to other mortgage banking companies (the "managed companies") owned by local homebuilders. The relationship of George Mason to these managed companies is solely as service provider and there is no fiduciary relationship or equity investment involved. Fees earned by George Mason are accrued based on contractual arrangements with each of the managed companies and are generally determined as a percentage of the managed company's net income before income taxes. During the fourth quarter of 2013, the Company amended its agreement with the managed companies to record fee income on a per loan basis. As of the effective date of the amendment, George Mason charges $700 per loan originated by each of the managed companies. | |||||||
Investment Fee Income | ' | ||||||
(m) | |||||||
Investment Fee Income | |||||||
        Investment fee income represents commissions paid by customers of CWS and asset management fees paid by the customers of Wilson/Bennett for investment services. Revenue from Trust Services is also a component of investment fee income and is recognized in the period earned in accordance with contractual percentage of assets under management or custody. Trust Services revenue is generally determined based upon the fair value of assets under management or custody at the end of the period. Fees are recognized in income as they are earned. As of June 30, 2013, the Company merged the remaining operations of its trust division and Wilson/Bennett, both of which had been included in the wealth management services segment, into CWS. Results for the year ended December 31, 2013 include six months of operations of these subsidiaries. | |||||||
Income Taxes | ' | ||||||
(n) | |||||||
Income Taxes | |||||||
        Deferred tax assets and liabilities are recognized for the tax effects of differing carrying values of assets and liabilities for tax and financial statement purposes that will reverse in future periods. Deferred tax assets and liabilities are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. | |||||||
        When uncertainty exists concerning the recoverability of a deferred tax asset, the carrying value of the asset may be reduced by a valuation allowance. The amount of any valuation allowance established is based upon an estimate of the deferred tax asset that is more likely than not to be recovered. Increases or decreases in the valuation allowance result in increases or decreases to the provision for income taxes. | |||||||
        Uncertain tax positions, if any, are accounted for by applying a recognition threshold and measurement attribute for tax positions taken or expected to be taken on a tax return. Recognition and measurement of tax positions is based on management's evaluations of relevant tax code and appropriate industry information about audit proceedings for comparable positions at other organizations. Increases to unrecognized tax benefits will occur as a result of accruing for the nonrecognition of the position for the current year. Decreases will occur as a result of the lapsing of the statute of limitations for the oldest outstanding year which includes the position. | |||||||
Earnings Per Common Share | ' | ||||||
(o) | |||||||
Earnings Per Common Share | |||||||
        Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted-average number of shares of common stock outstanding during the periods, including shares which will be issued to settle liabilities of the deferred compensation plans. Diluted earnings per share reflects the impact of dilutive potential common shares that would have been outstanding if common stock equivalents had been issued, as well as any adjustment to income that would result from the assumed issuance. Common stock equivalents that may be issued by the Company relate primarily to outstanding stock options, and the dilutive potential common shares resulting from outstanding stock options are determined using the treasury stock method. Common stock equivalents for diluted earnings per share purposes also includes common shares which may be issued, but are not required to be issued, to settle the Company's obligations under its deferred compensation plans. The effects of anti-dilutive common stock equivalents are excluded from the calculation of diluted earnings per share. | |||||||
Derivative Instruments and Hedging Activities | ' | ||||||
(p) | |||||||
Derivative Instruments and Hedging Activities | |||||||
        The Company records its derivatives at their fair values in other assets and other liabilities on the statement of condition. The Company does not enter into derivative transactions for speculative purposes. For derivatives designated as accounting hedges, the Company contemporaneously documents the hedging relationship, including the risk management objective and strategy for undertaking the hedge, how effectiveness will be assessed at inception and at each reporting period and the method for measuring ineffectiveness. The Company evaluates the effectiveness of these transactions at inception and on an ongoing basis. Ineffectiveness is recorded through earnings. For derivatives designated as cash flow hedges, the fair value adjustment is recorded as a component of other comprehensive income, net of tax, except for the ineffective portion. For derivatives designated as fair value hedges, the fair value adjustments for both the hedged item and the hedging instrument are recorded through the income statement with any difference considered the ineffective portion of the hedge. The Company discontinues hedge accounting when i) the hedge is no longer considered highly effective or ii) the derivative matures or is sold or terminates. | |||||||
        In the normal course of business, the Company enters into rate lock commitments, to finance residential mortgage loans. These commitments, which contain fixed expiration dates, offer the borrower an interest rate guarantee provided the loan meets underwriting guidelines and closes within the timeframe established by the Company. Interest rate risk arises on these commitments and subsequently closed loans if interest rates change between the time of the interest rate lock and the delivery of the loan to the investor. Loan commitments related to residential mortgage loans intended to be sold are considered derivatives and are marked to market through earnings. In addition to the effects of the change in market interest rate, the fair value measurement of the derivative also contemplates the expected cash flows to be received from the counterparty to the future sale of the loan. For purposes of calculating the aggregate fair value of the rate lock derivatives at year end, the Company assumes an estimated loan closing and investor delivery rate based on historical experience. The measurement of the estimated fair value of the rate lock derivatives is presented as realized and unrealized gains from mortgage banking activities. | |||||||
        To mitigate the effect of interest rate risk inherent in providing rate lock commitments, the Company economically hedges its commitments by entering into best efforts forward delivery loan sales contracts. During the rate lock commitment period, these forward loan sales contract derivatives are marked to fair value. The fair values of loan commitments and the fair values of forward sales contracts generally move in opposite directions, and the net impact of the changes in these valuations on net income during the loan commitment period is generally inconsequential, excluding the effect of the fair value component associated with the projected cash flows from the loan delivery to the investor. At the closing of the loan, the rate lock commitment derivative matures and the Company records a loan held for sale and continues to be obligated under the same forward loan sales contract. The loans held for sale are then designated as the hedged item in a cash flow hedge. The derivative in this relationship is the forward loan sale commitment. | |||||||
        When hedge accounting is discontinued because it is probable an anticipated loan sale will not occur, the Company recognizes immediately in earnings any gains and losses that were accumulated in other comprehensive income. | |||||||
Stock-Based Compensation | ' | ||||||
(q) | |||||||
Stock-Based Compensation | |||||||
        The Company recognizes in the income statement the grant-date fair value of stock options and other equity-based compensation. The Company classifies stock awards as either an equity award or a liability award. Equity classified awards are valued as of the grant date using either an observable market price or a valuation methodology. Liability classified awards are valued at fair value at each reporting date. For the periods presented, all of the Company's stock options are classified as equity awards. | |||||||
        The Company awards stock options with a graded-vesting period and as such has elected to recognize compensation costs over the requisite service period for the entire award. Total compensation costs charged against income for the years ended December 31, 2013, 2012, and 2011, was $687,000, $228,000, and $604,000, respectively. The total income tax benefit related to stock options exercised and recognized in the income statement for share-based compensation arrangements was $287,000, $600,000, and $361,000, for the years ended December 31, 2013, 2012, and 2011, respectively. | |||||||
        At December 31, 2013, the Company had two stock-based employee compensation plans, which are described more fully in Note 20. | |||||||
        Stock options are granted with an exercise price equal to the common stock's fair market value on the date of grant. Director stock options have ten year terms and vest and become fully exercisable on the grant date. Certain employee stock options have ten year terms and vest and become fully exercisable in 25% increments beginning as of the grant date. In addition, the Company has granted stock options to employees of the Company that have ten year terms and vest and become fully exercisable in 20% increments beginning after their first year of service. | |||||||
        The weighted average per share fair values of stock option grants made in 2013, 2012, and 2011, were $5.83, $4.65, and $4.84, respectively. The fair values of the options granted were estimated on the grant date using the Black-Scholes option-pricing model based on the following weighted average assumptions: | |||||||
2013 | 2012 | 2011 | |||||
Estimated option life | 6.5Â years | 6.5Â years | 6.5Â years | ||||
Risk free interest rate | 1.14 - 2.21% | 0.97 - 1.69% | 1.45 - 2.81% | ||||
Expected volatility | 39.50% | 42.10% | 44.70% | ||||
Expected dividend yield | 1.23% | 1.10% | 1.02% | ||||
        Expected volatility is based upon the average annual historical volatility of the Company's common stock. The estimated option life is derived from the "simplified method" formula as described in Staff Accounting Bulletin No. 110. The risk free interest rate is based upon the seven-year U.S. Treasury note rate in effect at the time of grant. The expected dividend yield is based upon implied and historical dividend declarations. | |||||||
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Summary of Significant Accounting Policies | ' | ||||||
Schedule of weighted average assumptions used in estimation of the fair value of options granted as of the grant date using the Black-Scholes option-pricing model | ' | ||||||
2013 | 2012 | 2011 | |||||
Estimated option life | 6.5Â years | 6.5Â years | 6.5Â years | ||||
Risk free interest rate | 1.14 - 2.21% | 0.97 - 1.69% | 1.45 - 2.81% | ||||
Expected volatility | 39.50% | 42.10% | 44.70% | ||||
Expected dividend yield | 1.23% | 1.10% | 1.02% | ||||
        | |||||||
Investment_Securities_and_Othe1
Investment Securities and Other Investments (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Investment Securities and Other Investments | ' | |||||||||||||||||||
Schedule of approximate fair value and amortized cost of investment securities | ' | |||||||||||||||||||
2013 | ||||||||||||||||||||
(In thousands) | Gross | Gross | Gross | Fair value | ||||||||||||||||
Amortized | Unrealized | Unrealized | ||||||||||||||||||
cost | Gains | Losses | ||||||||||||||||||
Investment Securities Available-for-Sale | ||||||||||||||||||||
U.S. government-sponsored agencies | $ | 75,562 | $ | 2,914 | $ | (1,548 | ) | $ | 76,928 | |||||||||||
Mortgage-backed securities | 144,609 | 3,566 | (346 | ) | 147,829 | |||||||||||||||
Municipal securities | 113,716 | 3,426 | (404 | ) | 116,738 | |||||||||||||||
U.S. treasury securities | 4,992 | 37 | — | 5,029 | ||||||||||||||||
Pooled trust preferred securities | 2,795 | — | — | 2,795 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total | $ | 341,674 | $ | 9,943 | $ | (2,298 | ) | $ | 349,319 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Investment Securities Held-to-Maturity | ||||||||||||||||||||
Mortgage-backed securities | 2,472 | 145 | — | 2,617 | ||||||||||||||||
Pooled trust preferred securities | 4,005 | — | (1,095 | ) | 2,910 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total | $ | 6,477 | $ | 145 | $ | (1,095 | ) | $ | 5,527 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
2012 | ||||||||||||||||||||
(In thousands) | Gross | Gross | Gross | Fair value | ||||||||||||||||
Amortized | Unrealized | Unrealized | ||||||||||||||||||
cost | Gains | Losses | ||||||||||||||||||
Investment Securities Available-for-Sale | ||||||||||||||||||||
U.S. government-sponsored agencies | $ | 55,756 | $ | 5,777 | $ | — | $ | 61,533 | ||||||||||||
Mortgage-backed securities | 110,214 | 8,704 | (5 | ) | 118,913 | |||||||||||||||
Municipal securities | 79,055 | 7,292 | — | 86,347 | ||||||||||||||||
U.S. treasury securities | 4,968 | 142 | — | 5,110 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total | $ | 249,993 | $ | 21,915 | $ | (5 | ) | $ | 271,903 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Investment Securities Held-to-Maturity | ||||||||||||||||||||
Mortgage-backed securities | 3,705 | 242 | — | 3,947 | ||||||||||||||||
Pooled trust preferred securities | 7,661 | — | (2,589 | ) | 5,072 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total | $ | 11,366 | $ | 242 | $ | (2,589 | ) | $ | 9,019 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
        | ||||||||||||||||||||
Schedule of fair value and amortized cost of investment securities by contractual maturity | ' | |||||||||||||||||||
2013 | ||||||||||||||||||||
Available-for-Sale | Held-to-Maturity | |||||||||||||||||||
(In thousands) | Amortized | Fair | Amortized | Fair | ||||||||||||||||
cost | Value | cost | Value | |||||||||||||||||
Within One Year | $ | 8,549 | $ | 8,690 | $ | — | $ | — | ||||||||||||
After 1 year but within 5 years | $ | 30,120 | $ | 31,672 | $ | — | $ | — | ||||||||||||
After 5 years but within 10 years | 61,665 | 64,876 | — | — | ||||||||||||||||
After 10Â years | 96,731 | 96,252 | 4,005 | 2,910 | ||||||||||||||||
Mortgage-backed securities | 144,609 | 147,829 | 2,472 | 2,617 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total | $ | 341,674 | $ | 349,319 | $ | 6,477 | $ | 5,527 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
        | ||||||||||||||||||||
Schedule of the Company's investment securities' gross unrealized losses and their fair value, aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position | ' | |||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||
Less than 12Â months | 12Â months or more | Total | ||||||||||||||||||
Investment Securities Available-for-Sale | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||
(In thousands) | Value | loss | Value | loss | Value | loss | ||||||||||||||
U.S. government sponsored agencies | $ | 38,554 | $ | (1,548 | ) | $ | — | $ | — | $ | 38,554 | $ | (1,548 | ) | ||||||
Mortgage-backed securities | 46,563 | (335 | ) | 318 | (11 | ) | 46,881 | (346 | ) | |||||||||||
Municipal securities | 30,452 | (404 | ) | — | — | 30,452 | (404 | ) | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total temporarily impaired securities | $ | 115,569 | $ | (2,287 | ) | $ | 318 | $ | (11 | ) | $ | 115,887 | $ | (2,298 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Less than | 12Â months or more | Total | ||||||||||||||||||
12Â months | ||||||||||||||||||||
Investment Securities Held-to-Maturity | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||
(In thousands) | Value | loss | Value | loss | Value | loss | ||||||||||||||
Pooled trust preferred securities | $ | — | $ | — | $ | 2,910 | $ | (1,095 | ) | $ | 2,910 | $ | (1,095 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total temporarily impaired securities | $ | — | $ | — | $ | 2,910 | $ | (1,095 | ) | $ | 2,910 | $ | (1,095 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
At December 31, 2012 | ||||||||||||||||||||
Less than | 12Â months or more | Total | ||||||||||||||||||
12Â months | ||||||||||||||||||||
Investment Securities Available-for-Sale | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||
(In thousands) | Value | loss | Value | loss | Value | loss | ||||||||||||||
Mortgage-backed securities | $ | — | $ | — | $ | 362 | $ | (5 | ) | $ | 362 | $ | (5 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total temporarily impaired securities | $ | — | $ | — | $ | 362 | $ | (5 | ) | $ | 362 | $ | (5 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Less than | 12Â months or more | Total | ||||||||||||||||||
12Â months | ||||||||||||||||||||
Investment Securities Held-to-Maturity | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||
(In thousands) | Value | loss | Value | loss | Value | loss | ||||||||||||||
Pooled trust preferred securities | $ | — | $ | — | $ | 5,072 | $ | (2,589 | ) | $ | 5,072 | $ | (2,589 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total temporarily impaired securities | $ | — | $ | — | $ | 5,072 | $ | (2,589 | ) | $ | 5,072 | $ | (2,589 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        | ||||||||||||||||||||
Schedule of investment securities that were pledged to secure borrowed funds and other balances | ' | |||||||||||||||||||
2013 | ||||||||||||||||||||
(In thousands) | Carrying Value | Market Value | ||||||||||||||||||
FHLB advances | $ | 6,510 | $ | 7,225 | ||||||||||||||||
Customer repurchase agreements | 119,883 | 125,703 | ||||||||||||||||||
Debtor in possession, public deposits, trust services division deposits and interest rate swap | 61,695 | 64,144 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
$ | 188,088 | $ | 197,072 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
2012 | ||||||||||||||||||||
(In thousands) | Carrying Value | Market Value | ||||||||||||||||||
FHLB advances | $ | 8,497 | $ | 9,731 | ||||||||||||||||
Customer repurchase agreements | 164,258 | 177,708 | ||||||||||||||||||
Debtor in possession, public deposits, trust services division deposits and interest rate swap | 63,180 | 68,699 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
$ | 235,935 | $ | 256,138 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
        | ||||||||||||||||||||
Investment_Securities_Trading_
Investment Securities - Trading (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Investment Securities - Trading | ' | |||||||
Schedule of trading securities | ' | |||||||
(in thousands) | 2013 | 2012 | ||||||
Cash equivalents | $ | 506 | $ | 464 | ||||
Equities | — | 419 | ||||||
Mutual funds | 3,384 | 2,268 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 3,890 | $ | 3,151 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        | ||||||||
Loans_Receivable_and_Allowance1
Loans Receivable and Allowance for Loan Losses (Tables) | 12 Months Ended | |||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||
Loans Receivable and Allowance for Loan Losses | ' | |||||||||||||||||||||||||
Schedule of loan portfolio | ' | |||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | ||||||||||||||||||||||||
Commercial and industrial | $ | 219,156 | $ | 222,961 | ||||||||||||||||||||||
Real estate—commercial | 1,048,579 | 827,243 | ||||||||||||||||||||||||
Real estate—construction | 363,063 | 373,717 | ||||||||||||||||||||||||
Real estate—residential | 299,484 | 260,352 | ||||||||||||||||||||||||
Home equity lines | 109,481 | 117,647 | ||||||||||||||||||||||||
Consumer | 4,159 | 4,204 | ||||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
2,043,922 | 1,806,124 | |||||||||||||||||||||||||
Net deferred fees | (3,754 | ) | (2,695 | ) | ||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
Loans receivable, net of fees | 2,040,168 | 1,803,429 | ||||||||||||||||||||||||
Allowance for loan losses | (27,864 | ) | (27,400 | ) | ||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
Loans receivable, net | $ | 2,012,304 | $ | 1,776,029 | ||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||||||||
        | ||||||||||||||||||||||||||
Schedule of analysis of the change in the allowance for loan losses | ' | |||||||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||||||||||||||||
Balance, beginning of year | $ | 27,400 | $ | 26,159 | $ | 24,210 | ||||||||||||||||||||
Provision for loan losses | (32 | ) | 7,123 | 6,910 | ||||||||||||||||||||||
Loans charged-off | (231 | ) | (6,919 | ) | (5,654 | ) | ||||||||||||||||||||
Recoveries | 727 | 1,037 | 693 | |||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||||||
Balance, end of year | $ | 27,864 | $ | 27,400 | $ | 26,159 | ||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||||||
        | ||||||||||||||||||||||||||
Schedule of analysis of the allowance for loan losses based on loan type, or segment, and the Company's loan portfolio, which identifies certain loans that are evaluated for individual or collective impairment | ' | |||||||||||||||||||||||||
Allowance for Loan Losses | ||||||||||||||||||||||||||
For the Year Ended December 31, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Commercial and | Real Estate— | Real Estate— | Real Estate— | Home Equity | Consumer | Total | ||||||||||||||||||||
Industrial | Commercial | Construction | Residential | Lines | ||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||
Beginning Balance, January 1 | $ | 525 | $ | 17,990 | $ | 7,675 | $ | 857 | $ | 266 | $ | 87 | 27,400 | |||||||||||||
Charge-offs | (42 | ) | — | — | (185 | ) | — | (4 | ) | (231 | ) | |||||||||||||||
Recoveries | 311 | 289 | 21 | 104 | — | 2 | 727 | |||||||||||||||||||
Provision for loan losses | 2,535 | (2,203 | ) | (2,360 | ) | 1,645 | 343 | 8 | (32 | ) | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance, December 31, 2013 | $ | 3,329 | $ | 16,076 | $ | 5,336 | $ | 2,421 | $ | 609 | $ | 93 | $ | 27,864 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance, December 31, 2013: | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Collectively evaluated for impairment | 3,329 | 16,076 | 5,336 | 2,421 | 609 | 93 | 27,864 | |||||||||||||||||||
Loans Receivable | ||||||||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Commercial and | Real Estate— | Real Estate— | Real Estate— | Home Equity | Consumer | Total | ||||||||||||||||||||
Industrial | Commercial | Construction | Residential | Lines | ||||||||||||||||||||||
Loans Receivable: | ||||||||||||||||||||||||||
Ending Balance, December 31, 2013 | $ | 219,156 | $ | 1,048,579 | $ | 363,063 | $ | 299,484 | $ | 109,481 | $ | 4,159 | $ | 2,043,922 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance, December 31, 2013: | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 814 | $ | 1,738 | $ | 775 | $ | — | $ | 51 | $ | — | $ | 3,378 | ||||||||||||
Collectively evaluated for impairment | 218,342 | 1,046,841 | 362,288 | 299,484 | 109,430 | 4,159 | 2,040,544 | |||||||||||||||||||
Allowance for Loan Losses | ||||||||||||||||||||||||||
For the Year Ended December 31, 2012 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Commercial and | Real Estate— | Real Estate— | Real Estate— | Home Equity | Consumer | Total | ||||||||||||||||||||
Industrial | Commercial | Construction | Residential | Lines | ||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||
Beginning Balance, January 1 | $ | 3,390 | $ | 13,377 | $ | 6,495 | $ | 1,709 | $ | 1,119 | $ | 69 | 26,159 | |||||||||||||
Charge-offs | (1,194 | ) | (4,959 | ) | — | (291 | ) | (460 | ) | (15 | ) | (6,919 | ) | |||||||||||||
Recoveries | 24 | 105 | 627 | 241 | 36 | 4 | 1,037 | |||||||||||||||||||
Provision for loan losses | (1,695 | ) | 9,467 | 553 | (802 | ) | (429 | ) | 29 | 7,123 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance, December 31, 2012 | $ | 525 | $ | 17,990 | $ | 7,675 | $ | 857 | $ | 266 | $ | 87 | $ | 27,400 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance, December 31, 2012: | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Collectively evaluated for impairment | 525 | 17,990 | 7,675 | 857 | 266 | 87 | 27,400 | |||||||||||||||||||
Loans Receivable | ||||||||||||||||||||||||||
At December 31, 2012 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Commercial and | Real Estate— | Real Estate— | Real Estate— | Home Equity | Consumer | Total | ||||||||||||||||||||
Industrial | Commercial | Construction | Residential | Lines | ||||||||||||||||||||||
Loans Receivable: | ||||||||||||||||||||||||||
Ending Balance, December 31, 2012 | $ | 222,961 | $ | 827,243 | $ | 373,717 | $ | 260,352 | $ | 117,647 | $ | 4,204 | $ | 1,806,124 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance, December 31, 2012: | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 2,064 | $ | 1,657 | $ | 4,725 | $ | — | $ | — | $ | — | $ | 8,446 | ||||||||||||
Collectively evaluated for impairment | 220,897 | 825,586 | 368,992 | 260,352 | 117,647 | 4,204 | 1,797,678 | |||||||||||||||||||
        | ||||||||||||||||||||||||||
Schedule of Company's nonaccrual and past due loans | ' | |||||||||||||||||||||||||
Nonaccrual and Past Due Loans | ||||||||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
30Â -Â 59 | 60Â -Â 89 | 90 Days | Total | Current | Total Loans | 90 Days | Nonaccrual | |||||||||||||||||||
Days | Days | or More | Past Due | Past Due | Loans | |||||||||||||||||||||
Past Due | Past Due | Past Due | and Still | |||||||||||||||||||||||
(includes | Accruing | |||||||||||||||||||||||||
nonaccrual) | ||||||||||||||||||||||||||
Commercial and industrial | $ | 101 | $ | 316 | $ | — | $ | 417 | $ | 218,739 | 219,156 | $ | — | $ | — | |||||||||||
Real estate—commercial | ||||||||||||||||||||||||||
Owner occupied | — | — | — | — | 279,631 | 279,631 | — | — | ||||||||||||||||||
Non-owner occupied | 82 | — | 1,738 | 1,820 | 767,128 | 768,948 | — | 1,738 | ||||||||||||||||||
Real estate—construction | ||||||||||||||||||||||||||
Residential | — | — | — | — | 120,144 | 120,144 | — | — | ||||||||||||||||||
Commercial | — | — | 525 | 525 | 242,394 | 242,919 | — | 525 | ||||||||||||||||||
Real estate—residential | ||||||||||||||||||||||||||
Single family | 8 | — | — | 8 | 213,537 | 213,545 | — | — | ||||||||||||||||||
Multi-family | — | — | — | — | 85,939 | 85,939 | — | — | ||||||||||||||||||
Home equity lines | — | — | 51 | 51 | 109,430 | 109,481 | — | 51 | ||||||||||||||||||
Consumer | ||||||||||||||||||||||||||
Installment | — | — | — | — | 3,912 | 3,912 | — | — | ||||||||||||||||||
Credit cards | — | — | — | — | 247 | 247 | — | — | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 191 | $ | 316 | $ | 2,314 | $ | 2,821 | $ | 2,041,101 | $ | 2,043,922 | $ | — | $ | 2,314 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Nonaccrual and Past Due Loans | ||||||||||||||||||||||||||
At December 31, 2012 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
30Â -Â 59 | 60Â -Â 89 | 90 Days | Total | Current | Total Loans | 90 Days | Nonaccrual | |||||||||||||||||||
Days | Days | or More | Past Due | Past Due | Loans | |||||||||||||||||||||
Past Due | Past Due | Past Due | and Still | |||||||||||||||||||||||
(includes | Accruing | |||||||||||||||||||||||||
nonaccrual) | ||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | 2,064 | $ | 2,064 | $ | 220,897 | 222,961 | $ | — | $ | 2,064 | |||||||||||
Real estate—commercial | ||||||||||||||||||||||||||
Owner occupied | — | — | — | — | 255,343 | 255,343 | — | — | ||||||||||||||||||
Non-owner occupied | — | — | 3,800 | 3,800 | 568,100 | 571,900 | — | 3,800 | ||||||||||||||||||
Real estate—construction | ||||||||||||||||||||||||||
Residential | — | — | — | — | 84,551 | 84,551 | — | — | ||||||||||||||||||
Commercial | — | — | 1,762 | 1,762 | 287,404 | 289,166 | — | 1,762 | ||||||||||||||||||
Real estate—residential | ||||||||||||||||||||||||||
Single family | — | — | — | — | 209,740 | 209,740 | — | — | ||||||||||||||||||
Multi-family | — | — | — | — | 50,612 | 50,612 | — | — | ||||||||||||||||||
Home equity lines | — | — | — | — | 117,647 | 117,647 | — | — | ||||||||||||||||||
Consumer | ||||||||||||||||||||||||||
Installment | — | — | — | — | 3,916 | 3,916 | — | — | ||||||||||||||||||
Credit cards | — | — | — | — | 288 | 288 | — | — | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | — | $ | — | $ | 7,626 | $ | 7,626 | $ | 1,798,498 | $ | 1,806,124 | $ | — | $ | 7,626 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        | ||||||||||||||||||||||||||
Schedule of additional information on the Company's impaired loans that were evaluated for specific reserves, including the recorded investment on the statement of condition and the unpaid principal balance | ' | |||||||||||||||||||||||||
Impaired Loans | ||||||||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Recorded | Unpaid Principal | Related | Interest Income | |||||||||||||||||||||||
Investment | Balance | Allowance | Recognized | |||||||||||||||||||||||
With no related allowance: | ||||||||||||||||||||||||||
Commercial and industrial | $ | 814 | $ | 814 | $ | — | $ | 23 | ||||||||||||||||||
Real estate—commercial | ||||||||||||||||||||||||||
Owner occupied | — | — | — | — | ||||||||||||||||||||||
Non-owner occupied | 1,738 | 3,872 | — | — | ||||||||||||||||||||||
Real estate—construction | ||||||||||||||||||||||||||
Residential | — | — | — | — | ||||||||||||||||||||||
Commercial | 775 | 2,928 | — | — | ||||||||||||||||||||||
Real estate—residential | ||||||||||||||||||||||||||
Single family | — | — | — | — | ||||||||||||||||||||||
Multi-family | — | — | — | — | ||||||||||||||||||||||
Home equity lines | 51 | 51 | — | — | ||||||||||||||||||||||
With related allowance: | ||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
Real estate—commercial | — | |||||||||||||||||||||||||
Owner occupied | — | — | — | — | ||||||||||||||||||||||
Non-owner occupied | — | — | — | — | ||||||||||||||||||||||
Real estate—construction | — | |||||||||||||||||||||||||
Residential | — | — | — | — | ||||||||||||||||||||||
Commercial | — | — | — | — | ||||||||||||||||||||||
Real estate—residential | — | |||||||||||||||||||||||||
Single family | — | — | — | — | ||||||||||||||||||||||
Multi-family | — | — | — | — | ||||||||||||||||||||||
Home equity lines | — | — | — | — | ||||||||||||||||||||||
By segment total: | ||||||||||||||||||||||||||
Commercial and industrial | $ | 814 | $ | 814 | $ | — | $ | 23 | ||||||||||||||||||
Real estate—commercial | 1,738 | 3,872 | — | — | ||||||||||||||||||||||
Real estate—construction | 775 | 2,928 | — | — | ||||||||||||||||||||||
Real estate—residential | — | — | — | — | ||||||||||||||||||||||
Home equity lines | 51 | 51 | — | — | ||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Total | $ | 3,378 | $ | 7,665 | $ | — | $ | 23 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Impaired Loans | ||||||||||||||||||||||||||
At December 31, 2012 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Recorded | Unpaid Principal | Related | Interest Income | |||||||||||||||||||||||
Investment | Balance | Allowance | Recognized | |||||||||||||||||||||||
With no related allowance: | ||||||||||||||||||||||||||
Commercial and industrial | $ | 2,064 | $ | 2,985 | $ | — | $ | 269 | ||||||||||||||||||
Real estate—commercial | ||||||||||||||||||||||||||
Owner occupied | — | — | — | — | ||||||||||||||||||||||
Non-owner occupied | 4,370 | 6,943 | — | 35 | ||||||||||||||||||||||
Real estate—construction | ||||||||||||||||||||||||||
Residential | — | — | — | — | ||||||||||||||||||||||
Commercial | 2,012 | 5,449 | — | 469 | ||||||||||||||||||||||
Real estate—residential | ||||||||||||||||||||||||||
Single family | — | — | — | — | ||||||||||||||||||||||
Multi-family | — | — | — | — | ||||||||||||||||||||||
Home equity lines | — | — | — | — | ||||||||||||||||||||||
With related allowance: | ||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
Real estate—commercial | — | |||||||||||||||||||||||||
Owner occupied | — | — | — | — | ||||||||||||||||||||||
Non-owner occupied | — | — | — | — | ||||||||||||||||||||||
Real estate—construction | — | |||||||||||||||||||||||||
Residential | — | — | — | — | ||||||||||||||||||||||
Commercial | — | — | — | — | ||||||||||||||||||||||
Real estate—residential | — | |||||||||||||||||||||||||
Single family | — | — | — | — | ||||||||||||||||||||||
Multi-family | — | — | — | — | ||||||||||||||||||||||
Home equity lines | — | — | — | — | ||||||||||||||||||||||
By segment total: | ||||||||||||||||||||||||||
Commercial and industrial | $ | 2,064 | $ | 2,985 | $ | — | $ | 269 | ||||||||||||||||||
Real estate—commercial | 4,370 | 6,943 | — | 35 | ||||||||||||||||||||||
Real estate—construction | 2,012 | 5,449 | — | 469 | ||||||||||||||||||||||
Real estate—residential | — | — | — | — | ||||||||||||||||||||||
Home equity lines | — | — | — | — | ||||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Total | $ | 8,446 | $ | 15,377 | $ | — | $ | 773 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
        | ||||||||||||||||||||||||||
Schedule of reconciliation of beginning and ending balances on TDR | ' | |||||||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Commercial and | Real Estate— | Real Estate— | Real Estate— | Home Equity | Consumer | Total | ||||||||||||||||||||
Industrial | Commercial | Construction | Residential | Lines | ||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||
Beginning Balance, January 1, 2013 | $ | 1,776 | $ | 3,800 | $ | 1,762 | $ | — | $ | — | $ | — | $ | 7,338 | ||||||||||||
New TDRs | — | 570 | — | — | — | — | 570 | |||||||||||||||||||
Increases to existing TDRs | — | — | — | — | — | — | — | |||||||||||||||||||
Charge-Offs Post Modification | — | — | — | — | — | — | — | |||||||||||||||||||
Sales, paydowns, or other decreases | (1,776 | ) | (2,632 | ) | (1,237 | ) | — | — | — | (5,645 | ) | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance, December 31, 2012 | $ | — | $ | 1,738 | $ | 525 | $ | — | $ | — | $ | — | $ | 2,263 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||
At December 31, 2012 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Commercial and | Real Estate— | Real Estate— | Real Estate— | Home Equity | Consumer | Total | ||||||||||||||||||||
Industrial | Commercial | Construction | Residential | Lines | ||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||
Beginning Balance, January 1, 2012 | $ | 3,497 | $ | 9,098 | $ | 2,750 | $ | — | $ | — | $ | — | $ | 15,345 | ||||||||||||
New TDRs | — | — | — | — | — | — | — | |||||||||||||||||||
Increases to existing TDRs | — | — | — | — | — | — | — | |||||||||||||||||||
Charge-Offs Post Modification | (1,068 | ) | (3,749 | ) | — | — | — | — | (4,817 | ) | ||||||||||||||||
Sales, paydowns, or other decreases | (653 | ) | (1,549 | ) | (988 | ) | — | — | — | (3,190 | ) | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance, December 31, 2012 | $ | 1,776 | $ | 3,800 | $ | 1,762 | $ | — | $ | — | $ | — | $ | 7,338 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        | ||||||||||||||||||||||||||
Summary of the risk ratings by portfolio segment and class segment | ' | |||||||||||||||||||||||||
Internal Risk Rating Grades | ||||||||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Pass | OLEM | Substandard | Doubtful | Loss | ||||||||||||||||||||||
Commercial and industrial | $ | 217,755 | $ | 587 | $ | 814 | $ | — | $ | — | ||||||||||||||||
Real estate—commercial | ||||||||||||||||||||||||||
Owner occupied | 279,631 | — | — | — | — | |||||||||||||||||||||
Non-owner occupied | 753,872 | 13,338 | 1,738 | — | — | |||||||||||||||||||||
Real estate—construction | ||||||||||||||||||||||||||
Residential | 120,144 | — | — | — | — | |||||||||||||||||||||
Commercial | 242,144 | — | 775 | — | — | |||||||||||||||||||||
Real estate—residential | ||||||||||||||||||||||||||
Single family | 213,537 | 8 | — | — | — | |||||||||||||||||||||
Multi-family | 85,939 | — | — | — | — | |||||||||||||||||||||
Home equity lines | 109,430 | — | 51 | — | — | |||||||||||||||||||||
Consumer | ||||||||||||||||||||||||||
Installment | 3,912 | — | — | — | — | |||||||||||||||||||||
Credit cards | 247 | — | — | — | — | |||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
$ | 2,026,611 | $ | 13,933 | $ | 3,378 | $ | — | $ | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Internal Risk Rating Grades | ||||||||||||||||||||||||||
At December 31, 2012 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Pass | OLEM | Substandard | Doubtful | Loss | ||||||||||||||||||||||
Commercial and industrial | $ | 220,266 | $ | 631 | $ | 2,064 | $ | — | $ | — | ||||||||||||||||
Real estate—commercial | ||||||||||||||||||||||||||
Owner occupied | 255,343 | — | — | — | — | |||||||||||||||||||||
Non-owner occupied | 542,983 | 27,260 | 1,657 | — | — | |||||||||||||||||||||
Real estate—construction | ||||||||||||||||||||||||||
Residential | 84,551 | — | — | — | — | |||||||||||||||||||||
Commercial | 281,163 | 3,278 | 4,725 | — | — | |||||||||||||||||||||
Real estate—residential | ||||||||||||||||||||||||||
Single family | 209,740 | — | — | — | — | |||||||||||||||||||||
Multi-family | 50,612 | — | — | — | — | |||||||||||||||||||||
Home equity lines | 117,647 | — | — | — | — | |||||||||||||||||||||
Consumer | ||||||||||||||||||||||||||
Installment | 3,916 | — | — | — | — | |||||||||||||||||||||
Credit cards | 288 | — | — | — | — | |||||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
$ | 1,766,509 | $ | 31,169 | $ | 8,446 | $ | — | $ | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
        | ||||||||||||||||||||||||||
Loans_Held_for_Sale_Tables
Loans Held for Sale (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Loans Held for Sale | ' | |||||||
Schedule of loans held for sale portfolio | ' | |||||||
(In thousands) | 2013 | 2012 | ||||||
Residential | $ | 311,493 | $ | 728,973 | ||||
Construction-to-permanent | 60,168 | 44,399 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
371,661 | 773,372 | |||||||
Net deferred costs | 2,332 | 12,379 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Loans held for sale, net | $ | 373,993 | $ | 785,751 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        | ||||||||
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Goodwill and Other Intangible Assets | ' | |||||||||||||||||||
Schedule of information concerning amortizable other intangible assets | ' | |||||||||||||||||||
Mortgage Banking | Wealth Management | Total | ||||||||||||||||||
and Trust Services | ||||||||||||||||||||
(In thousands) | Gross | Accumulated | Gross | Accumulated | Gross | Accumulated | ||||||||||||||
Carrying | Amortization | Carrying | Amortization | Carrying | Amortization | |||||||||||||||
Amount | Amount | Amount | ||||||||||||||||||
Balance at December 31, 2011 | $ | 1,781 | $ | 1,435 | $ | 616 | $ | 616 | $ | 2,397 | $ | 2,051 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
2012 activity: | ||||||||||||||||||||
Customer relationship intangibles | — | 198 | — | — | — | 198 | ||||||||||||||
Trade name | — | — | — | — | — | — | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance at December 31, 2012 | $ | 1,781 | $ | 1,633 | $ | 616 | $ | 616 | $ | 2,397 | $ | 2,249 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
2013 activity: | ||||||||||||||||||||
Customer relationship intangibles | — | 148 | — | — | — | 148 | ||||||||||||||
Trade name | — | — | — | — | — | — | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance at December 31, 2013 | $ | 1,781 | $ | 1,781 | $ | 616 | $ | 616 | $ | 2,397 | $ | 2,397 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        | ||||||||||||||||||||
Schedule of the carrying amount of goodwill | ' | |||||||||||||||||||
(In thousands) | Commercial | Mortgage | Total | |||||||||||||||||
Banking | Banking | |||||||||||||||||||
Balance at December 31, 2013 and 2012 | $ | 24 | $ | 10,120 | $ | 10,144 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Premises_and_Equipment_Tables
Premises and Equipment (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Premises and Equipment | ' | |||||||
Schedule of the components of premises and equipment | ' | |||||||
(in thousands) | 2013 | 2012 | ||||||
Land | $ | 4,350 | $ | 4,350 | ||||
Buildings | 6,680 | 6,680 | ||||||
Furniture and equipment | 25,478 | 22,509 | ||||||
Leasehold improvements | 10,807 | 9,206 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total cost | 47,315 | 42,745 | ||||||
Less accumulated depreciation and amortization | (26,926 | ) | (23,553 | ) | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Premises and equipment, net | $ | 20,389 | $ | 19,192 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        | ||||||||
Schedule of minimum future rental payments under the non cancelable operating leases | ' | |||||||
Year ending December 31, | Amount | |||||||
(In thousands) | ||||||||
2014 | $ | 8,408 | ||||||
2015 | 6,933 | |||||||
2016 | 5,372 | |||||||
2017 | 3,830 | |||||||
2018 | 3,437 | |||||||
Thereafter | 8,900 | |||||||
​ | ​ | ​ | ​ | ​ | ||||
$ | 36,880 | |||||||
​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ||||
        | ||||||||
Schedule of future minimum lease payments under noncancelable subleasing arrangements | ' | |||||||
Year ending December 31, | Amount | |||||||
(In thousands) | ||||||||
2014 | $ | 47 | ||||||
2015 | 49 | |||||||
2016 | 50 | |||||||
2017 | 52 | |||||||
2018 | 31 | |||||||
Thereafter | — | |||||||
​ | ​ | ​ | ​ | ​ | ||||
$ | 229 | |||||||
​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ||||
        | ||||||||
Deposits_Tables
Deposits (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Deposits | ' | ||||||||||
Schedule of components of deposits | ' | ||||||||||
(In thousands) | 2013 | 2012 | |||||||||
Non-interest bearing demand deposits | $ | 433,749 | $ | 351,815 | |||||||
Interest bearing deposits: | |||||||||||
Interest checking | 398,136 | 347,697 | |||||||||
Money market and statement savings | 475,707 | 430,391 | |||||||||
Certificates of deposit | 751,267 | 1,113,855 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total interest-bearing deposits | 1,625,110 | 1,891,943 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total deposits | $ | 2,058,859 | $ | 2,243,758 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        | |||||||||||
Schedule of interest expense by deposit categories | ' | ||||||||||
(In thousands) | 2013 | 2012 | 2011 | ||||||||
Interest checking | $ | 2,170 | $ | 2,457 | $ | 255 | |||||
Money market and statement savings | 1,389 | 1,689 | 1,534 | ||||||||
Certificates of deposit | 9,457 | 10,693 | 11,771 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total interest expense | $ | 13,016 | $ | 14,839 | $ | 13,560 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        | |||||||||||
Schedule of maturities of certificates of deposit with a minimum denomination of $100000 | ' | ||||||||||
At December 31, 2013, the scheduled maturities of certificates of deposit with a minimum denomination of $100,000 were as follows: | |||||||||||
Maturities: | |||||||||||
(In thousands) | Fixed Term | No-Penalty | Total | ||||||||
Three months or less | $ | 116,690 | $ | 7,196 | $ | 123,886 | |||||
Over three months through six months | 43,466 | 2,455 | 45,921 | ||||||||
Over six months through twelve months | 46,909 | 2,105 | 49,014 | ||||||||
Over twelve months | 90,186 | 40,970 | 131,156 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 297,251 | $ | 52,726 | $ | 349,977 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        | |||||||||||
Schedule of maturities of certificates of deposit | ' | ||||||||||
At December 31, 2013, the scheduled maturities of certificates of deposit were as follows: | |||||||||||
(In thousands) | |||||||||||
2014 | $ | 428,637 | |||||||||
2015 | 157,204 | ||||||||||
2016 | 97,926 | ||||||||||
2017 | 45,997 | ||||||||||
2018 | 18,437 | ||||||||||
2019 | 3,066 | ||||||||||
​ | ​ | ​ | ​ | ​ | |||||||
$ | 751,267 | ||||||||||
​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | |||||||
Other_Borrowed_Funds_Tables
Other Borrowed Funds (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Other Borrowed Funds | ' | |||||||||||||||||||
Schedule of other borrowed funds | ' | |||||||||||||||||||
(In thousands) | 2013 | 2012 | ||||||||||||||||||
Fixed rate FHLB advances | $ | 315,000 | $ | 215,000 | ||||||||||||||||
Federal funds purchased | 45,000 | 50,000 | ||||||||||||||||||
Customer repurchase agreements | 94,613 | 106,656 | ||||||||||||||||||
Payable to Statutory Trust I | 20,619 | 20,619 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
$ | 475,232 | $ | 392,275 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
        | ||||||||||||||||||||
Schedule of contractual maturities of the fixed rate advances | ' | |||||||||||||||||||
(In thousands) | ||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||
Type of Advance | Interest Rate | Advance Term | Maturity Date | Balance | ||||||||||||||||
Fixed Rate Credit | 0.17% | 1Â month | 2014 | $ | 100,000 | |||||||||||||||
Fixed Rate Hybrid | 3.37Â -Â 3.50% | 48Â months | 2015 | 10,000 | ||||||||||||||||
Fixed Rate Hybrid | 2.03% | 48Â months | 2016 | 10,000 | ||||||||||||||||
Fixed Rate Hybrid | 3.45% | 60Â months | 2016 | 5,000 | ||||||||||||||||
Convertible | 3.93Â -Â 4.55% | 120Â months | 2016 | 50,000 | ||||||||||||||||
Fixed Rate Hybrid | 2.46Â -Â 2.65% | 60Â months | 2017 | 30,000 | ||||||||||||||||
Convertible | 3.10Â -Â 4.85% | 120Â months | 2017 | 60,000 | ||||||||||||||||
Convertible | 2.81Â -Â 4.00% | 120Â months | 2018 | 20,000 | ||||||||||||||||
Fixed Rate Hybrid | 2.98% | 84Â months | 2019 | 10,000 | ||||||||||||||||
Fixed Rate Hybrid | 3.80Â -Â 4.01% | 120Â months | 2022 | 20,000 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Total FHLB Advances | 3.09% | $ | 315,000 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
(In thousands) | ||||||||||||||||||||
At December 31, 2012 | ||||||||||||||||||||
Type of Advance | Interest Rate | Advance Term | Maturity Date | Balance | ||||||||||||||||
Fixed Rate Hybrid | 3.37Â -Â 3.50% | 48Â months | 2015 | $ | 10,000 | |||||||||||||||
Fixed Rate Hybrid | 2.03% | 48Â months | 2016 | 10,000 | ||||||||||||||||
Fixed Rate Hybrid | 3.45% | 60Â months | 2016 | 5,000 | ||||||||||||||||
Convertible | 3.93Â -Â 4.55% | 120Â months | 2016 | 50,000 | ||||||||||||||||
Fixed Rate Hybrid | 2.46Â -Â 2.65% | 60Â months | 2017 | 30,000 | ||||||||||||||||
Convertible | 3.10Â -Â 4.85% | 120Â months | 2017 | 60,000 | ||||||||||||||||
Convertible | 2.81Â -Â 4.00% | 120Â months | 2018 | 20,000 | ||||||||||||||||
Fixed Rate Hybrid | 2.98% | 84Â months | 2019 | 10,000 | ||||||||||||||||
Fixed Rate Hybrid | 3.80Â -Â 4.01% | 120Â months | 2022 | 20,000 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Total FHLB Advances | 3.61% | $ | 215,000 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
        | ||||||||||||||||||||
Schedule of maturities of other borrowed funds | ' | |||||||||||||||||||
The scheduled maturities of other borrowed funds at December 31, 2013 were as follows: | ||||||||||||||||||||
(In thousands) | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 and | ||||||||||||||
Thereafter | ||||||||||||||||||||
FHLB advances | $ | 100,000 | $ | 10,000 | $ | 65,000 | $ | 90,000 | $ | 20,000 | $ | 30,000 | ||||||||
Customer repurchase agreements | 94,613 | — | — | — | — | — | ||||||||||||||
Federal funds sold | 45,000 | — | — | — | — | — | ||||||||||||||
Payable to Statutory Trust I | — | — | — | — | — | 20,619 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 239,613 | $ | 10,000 | $ | 65,000 | $ | 90,000 | $ | 20,000 | $ | 50,619 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Income Taxes | ' | ||||||||||
Schedule of reconciliation of provision for income tax expense computed by applying the federal corporate tax rate to income before taxes | ' | ||||||||||
(In thousands) | 2013 | 2012 | 2011 | ||||||||
Income tax at federal corporate rate of 35% | $ | 13,189 | $ | 23,784 | $ | 14,742 | |||||
Change in valuation allowance | 245 | 671 | — | ||||||||
Change in the carrying rate of deferred tax assets and liabilities | — | — | 1 | ||||||||
Expected state tax benefit of losses of nonbank entities | — | — | — | ||||||||
State tax expense, net of federal tax benefit | 77 | 226 | 263 | ||||||||
Nontaxable income | (1,466 | ) | (2,152 | ) | (1,152 | ) | |||||
Nondeductible expenses | 184 | 400 | 27 | ||||||||
Other | (54 | ) | (271 | ) | 241 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 12,175 | $ | 22,658 | $ | 14,122 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        | |||||||||||
Schedule of components of income tax expense | ' | ||||||||||
(In thousands) | 2013 | 2012 | 2011 | ||||||||
Included in net income | |||||||||||
Current | |||||||||||
Federal | $ | 14,432 | $ | 16,355 | $ | 12,675 | |||||
State | 609 | 486 | 361 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total current | 15,041 | 16,841 | 13,036 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Deferred | |||||||||||
Federal | (2,799 | ) | 5,695 | 1,057 | |||||||
State | (67 | ) | 122 | 29 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total deferred | (2,866 | ) | 5,817 | 1,086 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total included in net income | $ | 12,175 | $ | 22,658 | $ | 14,122 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Included in shareholders' equity: | |||||||||||
Deferred tax expense related to the change in the net unrealized gain on investment securities available for sale | $ | (5,064 | ) | $ | 391 | $ | 4,468 | ||||
Deferred tax expense (benefit) related to the change in the net unrealized gain (loss) on derivative instruments designated as cash flow hedges | 589 | 470 | (572 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total included in shareholders' equity | $ | (4,475 | ) | $ | 861 | $ | 3,896 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        | |||||||||||
Schedule of the tax effects of temporary differences between the financial reporting basis and income tax basis of assets and liabilities | ' | ||||||||||
(In thousands) | 2013 | 2012 | |||||||||
Deferred tax assets: | |||||||||||
Allowance for loan losses | $ | 9,988 | $ | 9,761 | |||||||
Net operating state loss carryforwards | 2,490 | 2,258 | |||||||||
Unrealized losses on derivative instruments designated as cash flow hedges | 22 | 611 | |||||||||
Deferred compensation | 5,424 | 3,965 | |||||||||
Other | 991 | 1,999 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total gross deferred tax assets | 18,915 | 18,594 | |||||||||
Less valuation allowance | (2,490 | ) | (2,258 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Net deferred tax assets | 16,425 | 16,336 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Deferred tax liabilities: | |||||||||||
Unrealized gains on investment securities available-for-sale | (2,740 | ) | (7,805 | ) | |||||||
Goodwill and intangibles, net | (601 | ) | (149 | ) | |||||||
Fair value adjustments | (5,910 | ) | (8,751 | ) | |||||||
Depreciation | (926 | ) | (865 | ) | |||||||
Prepaid expenses | (190 | ) | (15 | ) | |||||||
Loan origination costs | (663 | ) | (697 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total gross deferred tax liabilities | (11,030 | ) | (18,282 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Net deferred tax asset (liability) | $ | 5,395 | $ | (1,946 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Derivative_Instruments_and_Hed1
Derivative Instruments and Hedging Activities (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Derivatives in cash flow hedging relationships | ' | ||||
Derivative Instruments and Hedging Activities | ' | ||||
Schedule of information pertaining to outstanding interest rate swap agreements | ' | ||||
These interest rate swap agreements matured during 2013. | |||||
(Dollars in thousands) | 2012 | ||||
Notional amount | $ | 10,000 | |||
Weighted average pay rate | 3.97 | % | |||
Weighted average receive rate | 1.54 | % | |||
Weighted average maturity in years | 1Â years | ||||
Unrealized gain (loss) relating to interest rate swaps | $ | 119 | |||
        | |||||
Derivatives in fair value hedging relationships | ' | ||||
Derivative Instruments and Hedging Activities | ' | ||||
Schedule of information pertaining to outstanding interest rate swap agreements | ' | ||||
This interest rate swap agreement matured during 2013. | |||||
(Dollars in thousands) | 2012 | ||||
Notional amount | $ | 11,174 | |||
Weighted average pay rate | 5.42 | % | |||
Weighted average receive rate | 0.25 | % | |||
Weighted average maturity in years | 1Â year | ||||
Unrealized loss relating to interest rate swaps | $ | 478 | |||
        | |||||
Fair_Value_of_Derivative_Instr1
Fair Value of Derivative Instruments and Hedging Activities (Tables) | 12 Months Ended | ||||||||||||||
Dec. 31, 2013 | |||||||||||||||
Fair Value of Derivative Instruments and Hedging Activities | ' | ||||||||||||||
Schedule of the derivative instruments' location on the Company's statement of condition and the fair value of those instruments | ' | ||||||||||||||
Derivative Instruments and Hedging Activities | |||||||||||||||
At December 31, 2013 | |||||||||||||||
(in thousands) | |||||||||||||||
Asset Derivatives | Liability Derivatives | ||||||||||||||
Balance Sheet | Fair Value | Balance Sheet | Fair Value | ||||||||||||
Location | Location | ||||||||||||||
Derivatives Designated as Hedging Instruments | |||||||||||||||
Forward Loan Sales Commitments | Accrued Interest | 5,489 | Accrued Interest | 4,043 | |||||||||||
Receivable and | Payable and Other | ||||||||||||||
Other Assets | Liabilities | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Derivatives Designated as Hedging Instruments | 5,489 | 4,043 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||
Rate Lock and Forward Loan Sales Commitments | Accrued Interest | 10,989 | Accrued Interest | 9 | |||||||||||
Receivable and | Payable and Other | ||||||||||||||
Other Assets | Liabilities | ||||||||||||||
Rate Lock Commitments | Accrued Interest | 9 | Accrued Interest | 1,554 | |||||||||||
Receivable and | Payable and Other | ||||||||||||||
Other Assets | Liabilities | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Derivatives Not Designated as Hedging Instruments | 10,998 | 1,563 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Derivatives | $ | 16,487 | $ | 5,606 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Derivative Instruments and Hedging Activities | |||||||||||||||
At December 31, 2012 | |||||||||||||||
(in thousands) | |||||||||||||||
Asset Derivatives | Liability Derivatives | ||||||||||||||
Balance Sheet | Fair Value | Balance Sheet | Fair Value | ||||||||||||
Location | Location | ||||||||||||||
Derivatives Designated as Hedging Instruments | |||||||||||||||
Interest Rate Swaps | Accrued Interest | $ | — | Accrued Interest | $ | 616 | |||||||||
Receivable and | Payable and Other | ||||||||||||||
Other Assets | Liabilities | ||||||||||||||
Forward Loan Sales Commitments | Accrued Interest | 2,136 | Accrued Interest | 3,623 | |||||||||||
Receivable and | Payable and Other | ||||||||||||||
Other Assets | Liabilities | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Derivatives Designated as Hedging Instruments | 2,136 | 4,239 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||
Rate Lock and Forward Loan Sales Commitments | Accrued Interest | 24,657 | Accrued Interest | 449 | |||||||||||
Receivable and | Payable and Other | ||||||||||||||
Other Assets | Liabilities | ||||||||||||||
Rate Lock Commitments | Accrued Interest Receivable and Other Assets | 449 | Accrued Interest Payable and Other Liabilities | 91 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Derivatives Not Designated as Hedging Instruments | 25,106 | 540 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Derivatives | $ | 27,242 | $ | 4,779 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Schedule of the gains and losses related to derivative instruments | ' | ||||||||||||||
Impact of Derivative Instruments on the Statement of Income | |||||||||||||||
For the Year Ended December 31, 2013 | |||||||||||||||
(in thousands) | |||||||||||||||
Derivatives in Fair Value Hedging | Locations of Gain | Amount of Gain | Location of Gain | Amount of Gain | |||||||||||
Relationships | (Loss) | (Loss) | (Loss) | (Loss) Recognized in | |||||||||||
Recognized | Recognized | Recognized | Income on | ||||||||||||
in Income on | in Income on | in Income on | Hedged Item | ||||||||||||
Derivative | Derivative | Hedged Item | |||||||||||||
Interest Rate Swaps | Other Income | $ | 478 | Other Income | $ | (478 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total | $ | 478 | $ | (478 | ) | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Derivatives in Cash Flow | Amount of Gain | Location of | Amount of Gain (Loss) | Location of Gain | Amount of Gain | ||||||||||
Hedging Relationships | (Loss) Recognized | Gain (Loss) | Reclassified | (Loss) Recognized in | (Loss) | ||||||||||
in Other | Reclassified | from Accumulated | Income on | Recognized | |||||||||||
Comprehensive | from Accumulated | Other | Derivative | in Income on | |||||||||||
Income on | Other | Comprehensive | (Ineffective Portion | Derivative | |||||||||||
Derivative (Effective | Comprehensive | Income into | and Amount | (Ineffective | |||||||||||
Portion) | Income into | Income (Effective | Excluded from | Portion and | |||||||||||
Income (Effective | Portion) | Effectiveness | Amount | ||||||||||||
Portion) | Testing) | Excluded | |||||||||||||
from | |||||||||||||||
Effectiveness | |||||||||||||||
Testing) | |||||||||||||||
Interest Rate Swaps | $ | 89 | Other Income | $ | — | Other Income | $ | — | |||||||
Forward Loan Sales Commitments | 1,020 | Other Income | 3,774 | Other Income | — | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | $ | 1,109 | $ | 3,774 | $ | — | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Derivatives Not Designated as Hedging Instruments | Amount of Gain | Location of Gain (Loss) | |||||||||||||
(Loss) Recognized | Recognized in Income on Derivative | ||||||||||||||
in Income on | |||||||||||||||
Derivative | |||||||||||||||
Interest Rate Lock Commitment | $ | 59,566 | Realized and unrealized gains on mortgage banking activities | ||||||||||||
Forward Loan Sales Commitments | 6,421 | Other Income | |||||||||||||
Rate Lock Commitments | (6,421 | ) | Other Income | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Total | $ | 59,566 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Impact of Derivative Instruments on the Statement of Income | |||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||
(in thousands) | |||||||||||||||
Derivatives in Fair Value Hedging | Locations of Gain | Amount of Gain | Location of Gain | Amount of Gain | |||||||||||
Relationships | (Loss) Recognized | (Loss) Recognized | (Loss) Recognized in | (Loss) Recognized in | |||||||||||
in Income | in Income | Income on | Income on | ||||||||||||
on Derivative | on Derivative | Hedged Item | Hedged Item | ||||||||||||
Interest Rate Swaps | Other Income | $ | 522 | Other Income | $ | (522 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total | $ | 522 | $ | (522 | ) | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Derivatives in Cash Flow | Amount of Gain | Location of Gain | Amount of Gain | Location of Gain | Amount of Gain | ||||||||||
Hedging Relationships | (Loss) Recognized | (Loss) Reclassified | (Loss) Reclassified | (Loss) Recognized in | (Loss) | ||||||||||
in Other | from Accumulated | from Accumulated | Income on | Recognized in | |||||||||||
Comprehensive | Other | Other Comprehensive | Derivative | Income on | |||||||||||
Income on Derivative | Comprehensive | Income into | (Ineffective | Derivative | |||||||||||
(Effective | Income into | Income (Effective | Portion and | (Ineffective | |||||||||||
Portion) | Income (Effective | Portion) | Amount Excluded | Portion and | |||||||||||
Portion) | from Effectiveness | Amount | |||||||||||||
Testing) | Excluded | ||||||||||||||
from Effectiveness | |||||||||||||||
Testing) | |||||||||||||||
Interest Rate Swaps | $ | 119 | Other Income | $ | — | Other Income | $ | — | |||||||
Forward Loan Sales Commitments | 666 | Other Income | (756 | ) | Other Income | — | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | $ | 785 | $ | (756 | ) | $ | — | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Derivatives Not Designated as Hedging Instruments | Amount of Gain | Location of Gain (Loss) | |||||||||||||
(Loss) Recognized | Recognized in Income on Derivative | ||||||||||||||
in Income | |||||||||||||||
on Derivative | |||||||||||||||
Interest Rate Lock Commitment | $ | 79,397 | Realized and unrealized gains on mortgage banking activities | ||||||||||||
Forward Loan Sales Commitments | (2,875 | ) | Other Income | ||||||||||||
Rate Lock Commitments | 2,875 | Other Income | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Total | $ | 79,397 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Regulatory_Matters_Tables
Regulatory Matters (Tables) | 12 Months Ended | |||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||
Regulatory Matters | ' | |||||||||||||||||||||||||
Schedule of the regulatory capital | ' | |||||||||||||||||||||||||
Actual | For Capital | To Be Well | ||||||||||||||||||||||||
Adequacy Purposes | Capitalized Under | |||||||||||||||||||||||||
Prompt Corrective | ||||||||||||||||||||||||||
Action Provisions | ||||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | |||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Total capital to risk weighted assets | $ | 349,894 | 12.89 | % | $ | 217,111 | ³ | 8 | % | $ | 271,389 | ³ | 10 | % | ||||||||||||
Tier I capital to risk weighted assets | 321,513 | 11.85 | % | 108,555 | ³ | 4 | % | 162,833 | ³ | 6 | % | |||||||||||||||
Tier I capital to average assets | 321,513 | 11.7 | % | 109,928 | ³ | 4 | % | 137,410 | ³ | 5 | % | |||||||||||||||
At December 31, 2012 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Total capital to risk weighted assets | $ | 328,547 | 13.04 | % | $ | 201,530 | ³ | 8 | % | $ | 251,913 | ³ | 10 | % | ||||||||||||
Tier I capital to risk weighted assets | 300,732 | 11.94 | % | 100,765 | ³ | 4 | % | 151,148 | ³ | 6 | % | |||||||||||||||
Tier I capital to average assets | 300,732 | 10.49 | % | 114,693 | ³ | 4 | % | 143,366 | ³ | 5 | % | |||||||||||||||
Bank | ' | |||||||||||||||||||||||||
Regulatory Matters | ' | |||||||||||||||||||||||||
Schedule of the regulatory capital | ' | |||||||||||||||||||||||||
Actual | For Capital | Capitalized Under | ||||||||||||||||||||||||
Adequacy Purposes | Prompt Corrective | |||||||||||||||||||||||||
Action Provisions | ||||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | |||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Total capital to risk-weighted assets | $ | 343,392 | 12.73 | % | $ | 215,733 | ³ | 8 | % | $ | 269,666 | ³ | 10 | % | ||||||||||||
Tier I capital to risk-weighted assets | 315,011 | 11.68 | % | 107,867 | ³ | 4 | % | 161,800 | ³ | 6 | % | |||||||||||||||
Tier I capital to average assets | 315,011 | 11.54 | % | 109,212 | ³ | 4 | % | 136,515 | ³ | 5 | % | |||||||||||||||
At December 31, 2012 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Total capital to risk-weighted assets | $ | 315,511 | 12.59 | % | $ | 200,440 | ³ | 8 | % | $ | 250,550 | ³ | 10 | % | ||||||||||||
Tier I capital to risk-weighted assets | 287,695 | 11.48 | % | 100,220 | ³ | 4 | % | 150,330 | ³ | 6 | % | |||||||||||||||
Tier I capital to average assets | 287,695 | 10.08 | % | 114,196 | ³ | 4 | % | 142,745 | ³ | 5 | % | |||||||||||||||
        | ||||||||||||||||||||||||||
RelatedParty_Transactions_Tabl
Related-Party Transactions (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Related-Party Transactions | ' | |||||||
Schedule of analysis of activity for loans to related parties | ' | |||||||
(In thousands) | 2013 | 2012 | ||||||
Balance, beginning of year | $ | 32,604 | $ | 34,988 | ||||
New loans | 292 | 1,236 | ||||||
Loans paid off or paid down | (4,599 | ) | (3,620 | ) | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance, end of year | $ | 28,297 | $ | 32,604 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        | ||||||||
Earnings_Per_Common_Share_Tabl
Earnings Per Common Share (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Earnings Per Common Share | ' | ||||||||||
Schedule of calculation of basic and diluted earnings per common share | ' | ||||||||||
(In thousands, except per share data) | 2013 | 2012 | 2011 | ||||||||
Net income | $ | 25,510 | $ | 45,297 | $ | 27,998 | |||||
Weighted average shares for basic | 30,687 | 29,654 | 29,401 | ||||||||
Weighted average shares for diluted | 31,077 | 29,996 | 29,784 | ||||||||
Basic earnings per common share | $ | 0.83 | $ | 1.53 | $ | 0.95 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Diluted earnings per common share | $ | 0.82 | $ | 1.51 | $ | 0.94 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of composition of basic outstanding shares | ' | ||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||
Weighted average shares outstanding—basic | 30,271 | 29,244 | 28,938 | ||||||||
Weighted average shares attributable to deferred compensation plans | 416 | 410 | 463 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total weighted average shares—basic | 30,687 | 29,654 | 29,401 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of composition of diluted outstanding shares | ' | ||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||
Weighted average shares outstanding—basic | 30,271 | 29,244 | 28,938 | ||||||||
Weighted average shares attributable to deferred compensation plans | 628 | 664 | 694 | ||||||||
Weighted average shares attributable to vested stock options | 151 | 88 | 152 | ||||||||
Incremental shares from unvested stock options | 27 | — | — | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total weighted average shares—diluted | 31,077 | 29,996 | 29,784 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Director_and_Employee_StockBas1
Director and Employee Stock-Based Compensation Plans (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Director and Employee Stock-Based Compensation Plans | ' | |||||||||||||||
Summary of stock option activity | ' | |||||||||||||||
Number of | Weighted | Weighted | Aggregate | |||||||||||||
Shares | Average | Average | Intrinsic | |||||||||||||
Exercise | Remaining | Value | ||||||||||||||
Price | Contractual | |||||||||||||||
Term (Years) | ||||||||||||||||
Outstanding at December 31, 2012 | 851,358 | $ | 10.21 | |||||||||||||
Granted | 278,250 | 16.23 | ||||||||||||||
Exercised | (106,355 | ) | 8.64 | |||||||||||||
Forfeited | (11,700 | ) | 10.18 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
Outstanding at December 31, 2013 | 1,011,553 | $ | 12.03 | 5.44 | $ | 6,025,243 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
Options exercisable at December 31, 2013 | 722,403 | $ | 11.15 | 4.25 | $ | 4,943,418 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
Number of | Weighted | Weighted | Aggregate | |||||||||||||
Shares | Average | Average | Intrinsic | |||||||||||||
Exercise | Remaining | Value | ||||||||||||||
Price | Contractual | |||||||||||||||
Term (Years) | ||||||||||||||||
Outstanding at December 31, 2011 | 1,832,860 | $ | 9.38 | |||||||||||||
Granted | 63,750 | 12.11 | ||||||||||||||
Exercised | (1,027,702 | ) | 8.84 | |||||||||||||
Forfeited | (17,550 | ) | 10.2 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
Outstanding at December 31, 2012 | 851,358 | $ | 10.21 | 4.67 | $ | 5,182,708 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
Options exercisable at December 31, 2012 | 682,458 | $ | 10.19 | 3.84 | $ | 4,166,600 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
Number of | Weighted | Weighted | Aggregate | |||||||||||||
Shares | Average | Average | Intrinsic | |||||||||||||
Exercise | Remaining | Value | ||||||||||||||
Price | Contractual | |||||||||||||||
Term (Years) | ||||||||||||||||
Outstanding at December 31, 2010 | 2,197,289 | $ | 8.67 | |||||||||||||
Granted | 153,100 | 11.2 | ||||||||||||||
Exercised | (428,779 | ) | 6.13 | |||||||||||||
Forfeited | (88,750 | ) | 10.77 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
Outstanding at December 31, 2011 | 1,832,860 | $ | 9.38 | 4.19 | $ | 2,493,627 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
Options exercisable at December 31, 2011 | 1,659,160 | $ | 9.38 | 3.74 | $ | 2,250,771 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||
Schedule of information pertaining to stock options outstanding | ' | |||||||||||||||
At December 31, 2013 | ||||||||||||||||
Options Outstanding | Options Exercisable | |||||||||||||||
Weighed Average | ||||||||||||||||
Range of | Number | Remaining | Exercise | Number | Weighted Average | |||||||||||
Exercise Prices | Outstanding | Contractual Life | Price | Exercisable | Exercise | |||||||||||
Price | ||||||||||||||||
$5.95 - $8.28 | 88,510 | 5.1Â years | $ | 6.45 | 72,560 | $ | 6.52 | |||||||||
$8.39 - $9.59 | 62,500 | 1.9Â years | 8.89 | 60,700 | 8.9 | |||||||||||
$9.78 - $10.91 | 201,224 | 3.1Â years | 10.34 | 175,224 | 10.38 | |||||||||||
$11.03 - $12.65 | 368,069 | 4.5Â years | 11.6 | 311,469 | 11.58 | |||||||||||
$13.00 - $15.02 | 68,500 | 9.2Â years | 14.76 | 52,350 | 14.95 | |||||||||||
$15.32 - $17.82 | 222,750 | 9.2Â years | 16.54 | 50,100 | 16.57 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Outstanding at year end | 1,011,553 | 5.44 | 12.03 | 722,403 | 11.15 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Summary of the status of the Company's non-vested stock options and changes during the reporting period | ' | |||||||||||||||
Number of | Weighted | |||||||||||||||
Shares | Average | |||||||||||||||
Grant Date | ||||||||||||||||
Fair Value | ||||||||||||||||
Balance at December 31, 2010 | 211,500 | $ | 3.93 | |||||||||||||
Granted | 153,100 | 4.84 | ||||||||||||||
Vested | (144,750 | ) | 4.71 | |||||||||||||
Forfeited | (46,150 | ) | 4.47 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Balance at December 31, 2011 | 173,700 | $ | 3.94 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Granted | 63,750 | 4.65 | ||||||||||||||
Vested | (54,220 | ) | 3.99 | |||||||||||||
Forfeited | (14,330 | ) | 4.21 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Balance at December 31, 2012 | 168,900 | $ | 4.17 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Granted | 278,250 | 5.83 | ||||||||||||||
Vested | (150,250 | ) | 5.09 | |||||||||||||
Forfeited | (7,750 | ) | 4.21 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Balance at December 31, 2013 | 289,150 | $ | 5.29 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||
Segment_Reporting_Tables
Segment Reporting (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Segment Reporting | ' | |||||||||||||||||||
Schedule of information about the reportable segments and reconciliation of this information to the consolidated financial statements | ' | |||||||||||||||||||
(In thousands) | ||||||||||||||||||||
At and for the Year Ended December 31, 2013: | ||||||||||||||||||||
Commercial | Mortgage | Wealth | Other | Intersegment | Consolidated | |||||||||||||||
Banking | Banking | Management | Elimination | |||||||||||||||||
Services | ||||||||||||||||||||
Net interest income | $ | 90,563 | $ | 2,474 | $ | — | $ | (692 | ) | $ | — | $ | 92,345 | |||||||
Provision for loan losses | (117 | ) | 85 | — | — | — | (32 | ) | ||||||||||||
Non-interest income | 3,767 | 24,760 | 1,337 | 85 | (38 | ) | 29,911 | |||||||||||||
Non-interest expense | 43,832 | 35,185 | 1,580 | 4,044 | (38 | ) | 84,603 | |||||||||||||
Provision (benefit) for income taxes | 16,734 | (2,821 | ) | (81 | ) | (1,657 | ) | — | 12,175 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net income (loss) | $ | 33,881 | $ | (5,215 | ) | $ | (162 | ) | $ | (2,994 | ) | $ | — | $ | 25,510 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total Assets | $ | 2,862,039 | $ | 380,124 | $ | 2,266 | $ | 347,288 | $ | (697,487 | ) | $ | 2,894,230 | |||||||
At and for the Year Ended December 31, 2012: | ||||||||||||||||||||
Commercial | Mortgage | Wealth | Other | Intersegment | Consolidated | |||||||||||||||
Banking | Banking | Management | Elimination | |||||||||||||||||
Services | ||||||||||||||||||||
Net interest income | $ | 89,472 | $ | 2,365 | $ | — | $ | (834 | ) | $ | — | $ | 91,003 | |||||||
Provision for loan losses | 6,865 | 258 | — | — | — | 7,123 | ||||||||||||||
Non-interest income | 5,868 | 54,794 | 2,623 | 176 | (69 | ) | 63,392 | |||||||||||||
Non-interest expense | 43,495 | 29,529 | 2,656 | 3,706 | (69 | ) | 79,317 | |||||||||||||
Provision (benefit) for income taxes | 14,436 | 9,764 | (14 | ) | (1,528 | ) | — | 22,658 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net income (loss) | $ | 30,544 | $ | 17,608 | $ | (19 | ) | $ | (2,836 | ) | $ | — | $ | 45,297 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total Assets | $ | 2,954,412 | $ | 815,820 | $ | 2,693 | $ | 329,328 | $ | (1,063,066 | ) | $ | 3,039,187 | |||||||
At and for the Year Ended December 31, 2011: | ||||||||||||||||||||
Commercial | Mortgage | Wealth | Other | Intersegment | Consolidated | |||||||||||||||
Banking | Banking | Management | Elimination | |||||||||||||||||
Services | ||||||||||||||||||||
Net interest income | $ | 77,456 | $ | 2,522 | $ | — | $ | (816 | ) | $ | — | $ | 79,162 | |||||||
Provision for loan losses | 6,910 | — | — | — | — | 6,910 | ||||||||||||||
Non-interest income | 6,116 | 25,592 | 2,552 | 161 | (88 | ) | 34,333 | |||||||||||||
Non-interest expense | 42,202 | 16,032 | 2,610 | 3,709 | (88 | ) | 64,465 | |||||||||||||
Provision (benefit) for income taxes | 11,397 | 4,291 | (29 | ) | (1,537 | ) | — | 14,122 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net income (loss) | $ | 23,063 | $ | 7,791 | $ | (29 | ) | $ | (2,827 | ) | $ | — | $ | 27,998 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total Assets | $ | 2,549,326 | $ | 531,403 | $ | 590 | $ | 278,820 | $ | (757,423 | ) | $ | 2,602,716 |
Financial_Instruments_with_Off1
Financial Instruments with Off Balance Sheet Risk (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Financial Instruments with Off Balance Sheet Risk | ' | |||||||
Summary of the contract amount of the Bank's exposure to off-balance-sheet risk | ' | |||||||
(In thousands) | ||||||||
2013 | 2012 | |||||||
Financial instruments whose contract amounts represent potential credit risk: | ||||||||
Commitments to extend credit | $ | 1,486,572 | $ | 1,248,766 | ||||
Standby letters of credit | 28,008 | 36,466 |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||
Schedule of assets and liabilities measured at fair value on a recurring basis | ' | ||||||||||||||||
At December 31, 2013 | |||||||||||||||||
(In thousands) | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Description | Balance | Quoted Prices in | Significant | Significant | |||||||||||||
Active markets for | Other | Unobservable | |||||||||||||||
Identical Assets | Observable | Inputs | |||||||||||||||
(Level 1) | Inputs | (Level 3) | |||||||||||||||
(Level 2) | |||||||||||||||||
Investment securities available-for-sale: | |||||||||||||||||
U.S. treasury securities | $ | 5,029 | $ | 5,029 | $ | — | $ | — | |||||||||
U.S. government-sponsored agencies | 76,928 | 76,928 | — | ||||||||||||||
Mortgage-backed securities | 147,829 | — | 147,829 | — | |||||||||||||
Municipal securities | 116,738 | — | 116,738 | — | |||||||||||||
Pooled trust preferred securities | 2,795 | — | 2,795 | — | |||||||||||||
Total investment securities available-for-sale | 349,319 | 5,029 | 344,290 | — | |||||||||||||
Investment securities—trading | 3,890 | — | 3,890 | — | |||||||||||||
Bank-owned life insurance | 32,063 | — | 32,063 | — | |||||||||||||
Derivative asset—rate lock and forward loan sales commitments | 16,478 | — | 16,478 | — | |||||||||||||
Derivative asset—interest rate lock commitments | 9 | — | 9 | — | |||||||||||||
Derivative liability—rate lock and forward loan sales commitments | 4,052 | — | 4,052 | — | |||||||||||||
Derivative liability—interest rate lock commitments | 1,554 | — | 1,554 | — | |||||||||||||
At December 31, 2012 | |||||||||||||||||
(In thousands) | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Description | Balance | Quoted Prices in | Significant | Significant | |||||||||||||
Active markets for | Other | Unobservable | |||||||||||||||
Identical Assets | Observable | Inputs | |||||||||||||||
(Level 1) | Inputs | (Level 3) | |||||||||||||||
(Level 2) | |||||||||||||||||
Investment securities available-for-sale: | |||||||||||||||||
U.S. treasury securities | $ | 5,110 | $ | 5,110 | $ | — | $ | — | |||||||||
U.S. government-sponsored agencies | 61,533 | 61,533 | — | ||||||||||||||
Mortgage-backed securities | 118,913 | — | 118,913 | — | |||||||||||||
Municipal securities | 86,347 | — | 86,347 | — | |||||||||||||
Total investment securities available-for-sale | 271,903 | 5,110 | 266,793 | — | |||||||||||||
Investment securities—trading | 3,151 | — | 3,151 | — | |||||||||||||
Loan receivable designated in fair value hedge | 11,652 | — | 11,652 | — | |||||||||||||
Bank-owned life insurance | 31,652 | — | 31,652 | — | |||||||||||||
Derivative liability—interest rate swaps | 616 | — | 616 | — | |||||||||||||
Derivative asset—rate lock and forward loan sales commitments | 26,793 | — | 26,793 | — | |||||||||||||
Derivative asset—interest rate lock commitments | 449 | — | 449 | — | |||||||||||||
Derivative liability—rate lock and forward loan sales commitments | 4,072 | — | 4,072 | — | |||||||||||||
Derivative liability—interest rate lock commitments | 91 | — | 91 | — | |||||||||||||
Schedule of certain assets and liabilities measured at fair value on a nonrecurring basis | ' | ||||||||||||||||
At December 31, 2013 | |||||||||||||||||
(In thousands) | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Description | Balance | Quoted Prices in | Significant | Significant | |||||||||||||
Active markets for | Other | Unobservable | |||||||||||||||
Identical Assets | Observable | Inputs | |||||||||||||||
(Level 1) | Inputs | (Level 3) | |||||||||||||||
(Level 2) | |||||||||||||||||
Pooled trust preferred securities | $ | 2,910 | $ | — | $ | — | $ | 2,910 | |||||||||
Loans receivable—evaluated for impairment | 3,378 | — | 301 | 3,077 | |||||||||||||
At December 31, 2012 | |||||||||||||||||
(In thousands) | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Description | Balance | Quoted Prices in | Significant | Significant | |||||||||||||
Active markets for | Other | Unobservable | |||||||||||||||
Identical Assets | Observable | Inputs | |||||||||||||||
(Level 1) | Inputs | (Level 3) | |||||||||||||||
(Level 2) | |||||||||||||||||
Pooled trust preferred securities | $ | 5,072 | $ | — | $ | — | $ | 5,072 | |||||||||
Loans receivable—evaluated for impairment | 8,446 | — | 820 | 7,626 | |||||||||||||
        | |||||||||||||||||
Summary of the carrying amount of financial assets and liabilities that the Company has not recorded at fair value on a recurring basis | ' | ||||||||||||||||
31-Dec-13 | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Carrying | Estimated | ||||||||||||||||
(In thousands) | Amount | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Financial assets: | |||||||||||||||||
Cash and cash equivalents | $ | 29,209 | $ | 29,209 | $ | 29,209 | $ | — | $ | — | |||||||
Investment securities available-for-sale | 349,319 | 349,319 | 5,029 | 344,290 | — | ||||||||||||
Investment securities held-to-maturity and other investments | 25,545 | 24,595 | — | 21,685 | 2,910 | ||||||||||||
Loans held for sale | 373,993 | 373,993 | — | 373,993 | — | ||||||||||||
Loans receivable, net | 2,012,304 | 2,024,835 | — | 301 | 2,024,534 | ||||||||||||
Accrued interest receivable | 7,939 | 7,939 | 7,939 | — | — | ||||||||||||
Financial liabilities: | |||||||||||||||||
Demand deposits | $ | 433,749 | $ | 433,749 | $ | 433,749 | $ | — | $ | — | |||||||
Interest checking | 398,136 | 398,136 | 398,136 | — | — | ||||||||||||
Money market and statement savings | 475,707 | 475,707 | 475,707 | — | — | ||||||||||||
Certificates of deposit | 751,267 | 756,191 | — | 756,191 | — | ||||||||||||
Other borrowed funds | 475,232 | 491,236 | — | 491,236 | — | ||||||||||||
Accrued interest payable | 869 | 869 | 869 | — | — | ||||||||||||
December 31, 2012 | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Carrying | Estimated | ||||||||||||||||
(In thousands) | Amount | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||
Financial assets: | |||||||||||||||||
Cash and cash equivalents | $ | 67,140 | $ | 67,140 | $ | 67,140 | $ | — | $ | — | |||||||
Investment securities available-for-sale | 271,903 | 271,903 | 5,110 | 266,793 | — | ||||||||||||
Investment securities held-to-maturity and other investments | 25,668 | 23,321 | — | 18,249 | 5,072 | ||||||||||||
Loans held for sale | 785,751 | 785,751 | — | 785,751 | — | ||||||||||||
Loans receivable, net | 1,776,029 | 1,823,356 | — | 12,472 | 1,810,884 | ||||||||||||
Accrued interest receivable | 7,333 | 7,333 | 7,333 | — | — | ||||||||||||
Financial liabilities: | |||||||||||||||||
Demand deposits | $ | 351,815 | $ | 351,815 | $ | 351,815 | $ | — | $ | — | |||||||
Interest checking | 347,697 | 347,697 | 347,697 | — | — | ||||||||||||
Money market and statement savings | 430,391 | 430,391 | 430,391 | — | — | ||||||||||||
Certificates of deposit | 1,113,855 | 1,124,235 | — | 1,124,235 | — | ||||||||||||
Other borrowed funds | 392,275 | 418,808 | — | 418,808 | — | ||||||||||||
Accrued interest payable | 974 | 974 | 974 | — | — |
Parent_Company_Only_Financial_1
Parent Company Only Financial Statements (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Parent Company Only Financial Statements | ' | ||||||||||
Schedule of condensed financial statements | ' | ||||||||||
(In thousands) | |||||||||||
2013 | 2012 | ||||||||||
Assets | |||||||||||
Cash and cash equivalents | $ | 4,311 | $ | 7,141 | |||||||
Investment securities—Trading | 3,890 | 3,151 | |||||||||
Other investments | 113 | 113 | |||||||||
Investment in subsidiaries | 333,076 | 315,367 | |||||||||
Premises and equipment, net | 632 | 671 | |||||||||
Goodwill | 24 | 24 | |||||||||
Other assets | 5,242 | 2,861 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total assets | $ | 347,288 | $ | 329,328 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Liabilities and Shareholders' Equity | |||||||||||
Debt to Cardinal Statutory Trust I | $ | 20,619 | $ | 20,619 | |||||||
Other liabilities | 6,137 | 643 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total liabilities | 26,756 | 21,262 | |||||||||
Total shareholders' equity | $ | 320,532 | $ | 308,066 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total liabilities and shareholders' equity | $ | 347,288 | $ | 329,328 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Schedule of condensed statements of operations | ' | ||||||||||
(In thousands) | |||||||||||
2013 | 2012 | 2011 | |||||||||
Income: | |||||||||||
Net interest expense | $ | (692 | ) | $ | (834 | ) | $ | (816 | ) | ||
Net realized and unrealized trading losses | 68 | 158 | 144 | ||||||||
Other income | 17 | 18 | 17 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total income (loss) | (607 | ) | (658 | ) | (655 | ) | |||||
Expense—general and administrative | 4,044 | 3,706 | 3,709 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net loss before income taxes and equity in undistributed earnings of subsidiaries | (4,651 | ) | (4,364 | ) | (4,364 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Income tax benefit | (1,657 | ) | (1,528 | ) | (1,537 | ) | |||||
Equity in undistributed earnings of subsidiaries | 28,504 | 48,133 | 30,825 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net income | $ | 25,510 | $ | 45,297 | $ | 27,998 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of condensed statements of cash flows | ' | ||||||||||
(In thousands) | |||||||||||
2013 | 2012 | 2011 | |||||||||
Cash flows from operating activities: | |||||||||||
Net income | $ | 25,510 | $ | 45,297 | $ | 27,998 | |||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Equity in undistributed earnings of subsidiaries | (28,504 | ) | (48,133 | ) | (30,825 | ) | |||||
Depreciation | 39 | 42 | 44 | ||||||||
Proceeds from sale of investment securities—trading | — | — | 743 | ||||||||
Purchase of investment securities—trading | (1,707 | ) | (1,174 | ) | (1,182 | ) | |||||
Unreliazed gain on investment securities—trading | (68 | ) | (158 | ) | (144 | ) | |||||
Impairment of goodwill and other intangible assets | — | — | — | ||||||||
Increase (decrease) in other assets and liabilities | 7,782 | 1,430 | (3,670 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) operating activities | 3,050 | (2,696 | ) | (7,036 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Cash flows from investing activities: | |||||||||||
Net cash used in investing activities | — | — | — | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Cash flows from financing activities: | |||||||||||
Dividends on common stock | (6,964 | ) | (5,892 | ) | (3,474 | ) | |||||
Stock options exercised | 1,084 | 9,090 | 2,627 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net cash provided by (used in) financing activities | (5,880 | ) | 3,198 | (847 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net increase (decrease) in cash and cash equivalents | (2,830 | ) | 502 | (7,883 | ) | ||||||
Cash and cash equivalents at beginning of year | 7,141 | 6,639 | 14,522 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Cash and cash equivalents at end of year | $ | 4,311 | $ | 7,141 | $ | 6,639 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Other_Operating_Expenses_Table
Other Operating Expenses (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Other Operating Expenses | ' | ||||||||||
Schedule of the composition of other operating expenses | ' | ||||||||||
(In thousands) | 2013 | 2012 | 2011 | ||||||||
Stationary and supplies | $ | 1,808 | $ | 1,693 | $ | 1,183 | |||||
Other taxes | 624 | 467 | 284 | ||||||||
Travel and entertainment | 764 | 763 | 632 | ||||||||
Premises and equipment | 4,164 | 3,524 | 2,669 | ||||||||
Business memberships | 500 | 447 | 328 | ||||||||
Employment services | 141 | 253 | 172 | ||||||||
Board of directors expenses | 698 | 538 | 575 | ||||||||
Loan expense | 589 | 454 | 463 | ||||||||
Miscellaneous | 3,944 | 3,236 | 2,106 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total other operating expense | $ | 13,232 | $ | 11,375 | $ | 8,412 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Organization_Details
Organization (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Jan. 16, 2014 | Mar. 08, 2014 | |
item | UFBC | TBB | |
Subsequent event | Cardinal Bank | ||
Subsequent event | |||
item | |||
Organization | ' | ' | ' |
Number of nonbank subsidiaries | 1 | ' | ' |
Acquisition | ' | ' | ' |
Cash paid to UFBC shareholders in exchange for each share of UFBC common stock (in dollars per share) | ' | $19.13 | ' |
Number of shares paid to UFBC shareholders in exchange for each share of UFBC common stock | ' | $1.15 | ' |
Number of banking locations added | ' | ' | 8 |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2013 | Jan. 14, 2014 | |
item | Previously classified | Subsequent event | |
item | item | ||
Investment Securities | ' | ' | ' |
Number of pooled trust preferred securities classified as held-to-maturity securities | 2 | 4 | ' |
Number of pooled trust preferred securities exempt from the covered fund definition | ' | ' | 2 |
Number of pooled trust preferred securities not exempt from the covered fund definition | ' | ' | 2 |
Number of pooled trust preferred securities reclassified to available-for-sale securities | ' | ' | 2 |
Other-than-temporary impairment recognized | $300,000 | ' | ' |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies (Details 2) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2013 |
item | |
Loans Receivable and Allowance for Loan Losses | ' |
Number of loan categories | 5 |
Number of banks identified as custom peer group | 20 |
Bank | Minimum | ' |
Loans receivable and allowance for loan losses | ' |
Value of total assets for identifying the custom peer group | 500 |
Bank | Maximum | ' |
Loans receivable and allowance for loan losses | ' |
Value of total assets for identifying the custom peer group | 5,000 |
Summary_of_Significant_Account5
Summary of Significant Accounting Policies (Details 3) | 12 Months Ended |
Dec. 31, 2013 | |
Special mention | ' |
Loans Receivable and Allowance for Loan Losses | ' |
Loss factor (as a percent) | 5.00% |
Substandard | ' |
Loans Receivable and Allowance for Loan Losses | ' |
Loss factor (as a percent) | 15.00% |
Doubtful | ' |
Loans Receivable and Allowance for Loan Losses | ' |
Loss factor (as a percent) | 50.00% |
Summary_of_Significant_Account6
Summary of Significant Accounting Policies (Details 4) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
item | |||
Goodwill and Other Intangibles | ' | ' | ' |
Number of metrics based on which fair value of reporting unit is determined | 3 | ' | ' |
Write-down of goodwill | $0 | ' | ' |
Impairment charges | 0 | 0 | 0 |
Bank-Owned Life Insurance | ' | ' | ' |
Amount of insurance claim to insurance policy | 0 | ' | ' |
Amount of death benefit payment received | ' | 6,574,000 | ' |
Increase in non-interest income | ' | 2,400,000 | ' |
Management Fee Income | ' | ' | ' |
Management Fee Per Loan | $700 | ' | ' |
Furniture and equipment | Minimum | ' | ' | ' |
Premises and Equipment | ' | ' | ' |
Useful life | '3 years | ' | ' |
Furniture and equipment | Maximum | ' | ' | ' |
Premises and Equipment | ' | ' | ' |
Useful life | '25 years | ' | ' |
Purchased computer software | Minimum | ' | ' | ' |
Premises and Equipment | ' | ' | ' |
Useful life | '1 year | ' | ' |
Purchased computer software | Maximum | ' | ' | ' |
Premises and Equipment | ' | ' | ' |
Useful life | '3 years | ' | ' |
Summary_of_Significant_Account7
Summary of Significant Accounting Policies (Details 5) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Stock-based Compensation | ' | ' | ' |
Number of stock-based employee compensation plans | 2 | ' | ' |
Stock options | ' | ' | ' |
Stock-based Compensation | ' | ' | ' |
Total compensation cost charged against income | $687,000 | $228,000 | $604,000 |
Total income tax benefit recognized in the income statement for share-based compensation arrangements | $287,000 | $600,000 | $361,000 |
Weighted average per share fair values | $5.83 | $4.65 | $4.84 |
Weighted average assumptions used in estimation of fair values of options | ' | ' | ' |
Estimated option life | '6 years 6 months | '6 years 6 months | '6 years 6 months |
Risk free interest rate, low end of range (as a percent) | 1.14% | 0.97% | 1.45% |
Risk free interest rate, high end of range (as a percent) | 2.21% | 1.69% | 2.81% |
Expected volatility (as a percent) | 39.50% | 42.10% | 44.70% |
Expected dividend yield (as a percent) | 1.23% | 1.10% | 1.02% |
Term of the U.S. Treasury note on which the risk free interest rate is based | '7 years | ' | ' |
Stock options | Director | ' | ' | ' |
Stock-based Compensation | ' | ' | ' |
Term | '10 years | ' | ' |
Stock options | Employee | ' | ' | ' |
Stock-based Compensation | ' | ' | ' |
Term | '10 years | ' | ' |
Vesting rights, annual increments beginning on the grant date (as a percent) | 25.00% | ' | ' |
Vesting rights, annual increments beginning after the first year of service (as a percent) | 20.00% | ' | ' |
Investment_Securities_and_Othe2
Investment Securities and Other Investments (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Investment Securities Available-for-Sale | ' | ' | ' |
Gross Amortized cost | $341,674,000 | $249,993,000 | ' |
Gross Unrealized Gains | 9,943,000 | 21,915,000 | ' |
Gross Unrealized Losses | -2,298,000 | -5,000 | ' |
Fair Value | 349,319,000 | 271,903,000 | ' |
Investment Securities Held-to-Maturity | ' | ' | ' |
Gross Amortized cost | 6,477,000 | 11,366,000 | ' |
Gross Unrealized Gains | 145,000 | 242,000 | ' |
Gross Unrealized Losses | -1,095,000 | -2,589,000 | ' |
Fair Value | 5,527,000 | 9,019,000 | ' |
Available-for-Sale, Amortized cost | ' | ' | ' |
Within One Year | 8,549,000 | ' | ' |
After 1 year but within 5 years | 30,120,000 | ' | ' |
After 5 years but within 10 years | 61,665,000 | ' | ' |
After 10 years | 96,731,000 | ' | ' |
Mortgage-backed securities | 144,609,000 | ' | ' |
Total | 341,674,000 | ' | ' |
Available-for-Sale, Fair Value | ' | ' | ' |
Within One Year | 8,690,000 | ' | ' |
After 1 year but within 5 years | 31,672,000 | ' | ' |
After 5 years but within 10 years | 64,876,000 | ' | ' |
After 10 years | 96,252,000 | ' | ' |
Mortgage-backed securities | 147,829,000 | ' | ' |
Fair Value | 349,319,000 | 271,903,000 | ' |
Held-to-Maturity, Amortized cost | ' | ' | ' |
After 10 years | 4,005,000 | ' | ' |
Mortgage-backed securities | 2,472,000 | ' | ' |
Total | 6,477,000 | 11,366,000 | ' |
Held-to-Maturity, Fair Value | ' | ' | ' |
After 10 years | 2,910,000 | ' | ' |
Mortgage-backed securities | 2,617,000 | ' | ' |
Fair Value | 5,527,000 | 9,019,000 | ' |
Proceeds from sales of investment securities available-for-sale | 0 | 0 | 40,400,000 |
Gross realized gains on sale of investment securities available-for-sale | ' | ' | 2,397,000 |
Gross realized losses on sale of investment securities available-for-sale | 0 | 0 | 0 |
U.S. government-sponsored agencies | ' | ' | ' |
Investment Securities Available-for-Sale | ' | ' | ' |
Gross Amortized cost | 75,562,000 | 55,756,000 | ' |
Gross Unrealized Gains | 2,914,000 | 5,777,000 | ' |
Gross Unrealized Losses | -1,548,000 | ' | ' |
Fair Value | 76,928,000 | 61,533,000 | ' |
Available-for-Sale, Fair Value | ' | ' | ' |
Fair Value | 76,928,000 | 61,533,000 | ' |
Mortgage-backed securities | ' | ' | ' |
Investment Securities Available-for-Sale | ' | ' | ' |
Gross Amortized cost | 144,609,000 | 110,214,000 | ' |
Gross Unrealized Gains | 3,566,000 | 8,704,000 | ' |
Gross Unrealized Losses | -346,000 | -5,000 | ' |
Fair Value | 147,829,000 | 118,913,000 | ' |
Investment Securities Held-to-Maturity | ' | ' | ' |
Gross Amortized cost | 2,472,000 | 3,705,000 | ' |
Gross Unrealized Gains | 145,000 | 242,000 | ' |
Fair Value | 2,617,000 | 3,947,000 | ' |
Available-for-Sale, Fair Value | ' | ' | ' |
Fair Value | 147,829,000 | 118,913,000 | ' |
Held-to-Maturity, Fair Value | ' | ' | ' |
Fair Value | 2,617,000 | 3,947,000 | ' |
Municipal securities | ' | ' | ' |
Investment Securities Available-for-Sale | ' | ' | ' |
Gross Amortized cost | 113,716,000 | 79,055,000 | ' |
Gross Unrealized Gains | 3,426,000 | 7,292,000 | ' |
Gross Unrealized Losses | -404,000 | ' | ' |
Fair Value | 116,738,000 | 86,347,000 | ' |
Available-for-Sale, Fair Value | ' | ' | ' |
Fair Value | 116,738,000 | 86,347,000 | ' |
U.S. treasury securities | ' | ' | ' |
Investment Securities Available-for-Sale | ' | ' | ' |
Gross Amortized cost | 4,992,000 | 4,968,000 | ' |
Gross Unrealized Gains | 37,000 | 142,000 | ' |
Fair Value | 5,029,000 | 5,110,000 | ' |
Available-for-Sale, Fair Value | ' | ' | ' |
Fair Value | 5,029,000 | 5,110,000 | ' |
Pooled trust preferred securities | ' | ' | ' |
Investment Securities Available-for-Sale | ' | ' | ' |
Gross Amortized cost | 2,795,000 | ' | ' |
Fair Value | 2,795,000 | ' | ' |
Investment Securities Held-to-Maturity | ' | ' | ' |
Gross Amortized cost | 4,005,000 | 7,661,000 | ' |
Gross Unrealized Losses | -1,095,000 | -2,589,000 | ' |
Fair Value | 2,910,000 | 5,072,000 | ' |
Available-for-Sale, Fair Value | ' | ' | ' |
Fair Value | 2,795,000 | ' | ' |
Held-to-Maturity, Fair Value | ' | ' | ' |
Fair Value | $2,910,000 | $5,072,000 | ' |
Investment_Securities_and_Othe3
Investment Securities and Other Investments (Details 2) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Investment Securities Available-for-Sale, Total temporary impaired securities | ' | ' |
Less than 12 months, Fair Value | $115,569 | ' |
Less than 12 months, Unrealized loss | -2,287 | ' |
12 months or more, Fair Value | 318 | 362 |
12 months or more, Unrealized loss | -11 | -5 |
Total Fair Value | 115,887 | 362 |
Total Unrealized loss | -2,298 | -5 |
Investment Securities Held-to-Maturity, Total temporary impaired securities | ' | ' |
12 months or more, Fair Value | 2,910 | 5,072 |
12 months or more, Unrealized loss | -1,095 | -2,589 |
Total Fair Value | 2,910 | 5,072 |
Total Unrealized loss | -1,095 | -2,589 |
U.S. government-sponsored agencies | ' | ' |
Investment Securities Available-for-Sale, Total temporary impaired securities | ' | ' |
Less than 12 months, Fair Value | 38,554 | ' |
Less than 12 months, Unrealized loss | -1,548 | ' |
Total Fair Value | 38,554 | ' |
Total Unrealized loss | -1,548 | ' |
Mortgage-backed securities | ' | ' |
Investment Securities Available-for-Sale, Total temporary impaired securities | ' | ' |
Less than 12 months, Fair Value | 46,563 | ' |
Less than 12 months, Unrealized loss | -335 | ' |
12 months or more, Fair Value | 318 | 362 |
12 months or more, Unrealized loss | -11 | -5 |
Total Fair Value | 46,881 | 362 |
Total Unrealized loss | -346 | -5 |
Municipal securities | ' | ' |
Investment Securities Available-for-Sale, Total temporary impaired securities | ' | ' |
Less than 12 months, Fair Value | 30,452 | ' |
Less than 12 months, Unrealized loss | -404 | ' |
Total Fair Value | 30,452 | ' |
Total Unrealized loss | -404 | ' |
Pooled trust preferred securities | ' | ' |
Investment Securities Held-to-Maturity, Total temporary impaired securities | ' | ' |
12 months or more, Fair Value | 2,910 | 5,072 |
12 months or more, Unrealized loss | -1,095 | -2,589 |
Total Fair Value | 2,910 | 5,072 |
Total Unrealized loss | ($1,095) | ($2,589) |
Investment_Securities_and_Othe4
Investment Securities and Other Investments (Details 3) (USD $) | 12 Months Ended | 12 Months Ended | ||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Jan. 14, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
item | Previously classified | Subsequent event | Minimum | A- | Non-government non-agency mortgage-related securities | First pooled trust preferred securities | Other pooled trust preferred securities | |||
item | item | item | item | |||||||
Investment Securities and Other Investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of the company's mortgage-related securities guaranteed by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation and the Government National Mortgage Association | 98.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment | $6,477,000 | $11,366,000 | ' | ' | ' | ' | ' | $2,400,000 | ' | ' |
Number of pooled trust preferred securities | 2 | ' | ' | ' | ' | ' | 1 | ' | ' | ' |
Number of pooled trust preferred securities classified as held-to-maturity securities | 2 | ' | ' | 4 | ' | ' | ' | ' | ' | ' |
Number of pooled trust preferred securities exempt from the covered fund definition | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' |
Number of pooled trust preferred securities not exempt from the covered fund definition | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' |
Number of pooled trust preferred securities reclassified to available-for-sale securities | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' |
Par value of investments reclassified to the available-for-sale investment securities | 3,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Carrying value of pooled trust securities reclassified to the available-for-sale investment securities | 2,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other-than-temporary impairment recognized | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Par value of investments classified as held-to-maturity | 4,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of rating agencies that rate each bond | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' |
Percentage of principal balance subordinate to the entity's class of ownership | ' | ' | ' | ' | ' | ' | ' | ' | 60.00% | 56.00% |
Amount of performing collateral defaulted or deferred payment which is expected to result in the occurrence of a break in contractual cash flow | ' | ' | ' | ' | ' | ' | ' | ' | 169,000,000 | 155,000,000 |
Remaining performing collateral | ' | ' | ' | ' | ' | ' | ' | ' | 233,000,000 | 243,000,000 |
Percentage of the performing collateral defaulted or deferred payment which is expected to result in the occurrence of a break in contractual cash flow | ' | ' | ' | ' | ' | ' | ' | ' | 73.00% | 64.00% |
Other-than-temporary impairment recognized on remaining securities | $0 | $0 | $0 | ' | ' | ' | ' | ' | ' | ' |
Investment_Securities_and_Othe5
Investment Securities and Other Investments (Details 4) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Investment Securities and Other Investments | ' | ' |
Carrying value of investment securities pledged to secure borrowed funds and other balances | $188,100,000 | $235,900,000 |
Federal Home Loan Bank stock | 17,800,000 | 13,600,000 |
Community Bankers' Bank stock | 63,000 | 63,000 |
Low income housing fund investments | 524,000 | 2,000 |
Local bank holding company | ' | ' |
Investment Securities and Other Investments | ' | ' |
Equity investment in local holding company | 50,000 | 50,000 |
Cardinal Statutory Trust I | ' | ' |
Investment Securities and Other Investments | ' | ' |
Investment in cardinal Statutory Trust I | 619,000 | 619,000 |
Carrying Value | ' | ' |
Investment Securities and Other Investments | ' | ' |
FHLB advances | 6,510,000 | 8,497,000 |
Customer repurchase agreements | 119,883,000 | 164,258,000 |
Debtor in possession, public deposits, trust services division deposits and interest rate swap | 61,695,000 | 63,180,000 |
Total | 188,088,000 | 235,935,000 |
Market Value | ' | ' |
Investment Securities and Other Investments | ' | ' |
FHLB advances | 7,225,000 | 9,731,000 |
Customer repurchase agreements | 125,703,000 | 177,708,000 |
Debtor in possession, public deposits, trust services division deposits and interest rate swap | 64,144,000 | 68,699,000 |
Total | $197,072,000 | $256,138,000 |
Investment_Securities_Trading_1
Investment Securities - Trading (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Investment Securities - Trading | ' | ' | ' |
Investment securities - trading | $3,890 | $3,151 | ' |
Net realized gain | 68 | 158 | 144 |
Cash equivalents | ' | ' | ' |
Investment Securities - Trading | ' | ' | ' |
Investment securities - trading | 506 | 464 | ' |
Equities | ' | ' | ' |
Investment Securities - Trading | ' | ' | ' |
Investment securities - trading | ' | 419 | ' |
Mutual funds | ' | ' | ' |
Investment Securities - Trading | ' | ' | ' |
Investment securities - trading | $3,384 | $2,268 | ' |
Loans_Receivable_and_Allowance2
Loans Receivable and Allowance for Loan Losses (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Loans receivable and allowance for loan losses | ' | ' | ' |
Loans receivable, gross | $2,043,922,000 | $1,806,124,000 | ' |
Net deferred fees | -3,754,000 | -2,695,000 | ' |
Loans receivable, net of fees | 2,040,168,000 | 1,803,429,000 | ' |
Allowance for loan losses | -27,864,000 | -27,400,000 | -26,159,000 |
Loans receivable, net | 2,012,304,000 | 1,776,029,000 | ' |
Loans serve as collateral foe Federal Home Loan Bank Advance capacity | 1,100,000,000 | ' | ' |
Loans serve as collateral for Federal Reserve discount window Advance capacity | 109,800,000 | ' | ' |
Credit extended to any single borrower or group of related borrowers | 51,500,000 | ' | ' |
Loans in process | 0 | 573,000 | ' |
Allowance for loan losses | ' | ' | ' |
Balance at the beginning of the period | 27,400,000 | 26,159,000 | 24,210,000 |
Provision for loan losses | -32,000 | 7,123,000 | 6,910,000 |
Charge offs | -231,000 | -6,919,000 | -5,654,000 |
Recoveries | 727,000 | 1,037,000 | 693,000 |
Balance at the end of the period | 27,864,000 | 27,400,000 | 26,159,000 |
Ending Balance, Collectively evaluated for impairment | 27,864,000 | 27,400,000 | ' |
Loans Receivable | ' | ' | ' |
Ending Balance | 2,043,922,000 | 1,806,124,000 | ' |
Ending Balance, Individually evaluated for impairment | 3,378,000 | 8,446,000 | ' |
Ending Balance, Collectively evaluated for impairment | 2,040,544,000 | 1,797,678,000 | ' |
Commercial and industrial | ' | ' | ' |
Loans receivable and allowance for loan losses | ' | ' | ' |
Loans receivable, gross | 219,156,000 | 222,961,000 | ' |
Allowance for loan losses | -3,329,000 | -525,000 | ' |
Allowance for loan losses | ' | ' | ' |
Balance at the beginning of the period | 525,000 | 3,390,000 | ' |
Provision for loan losses | 2,535,000 | -1,695,000 | ' |
Charge offs | -42,000 | -1,194,000 | ' |
Recoveries | 311,000 | 24,000 | ' |
Balance at the end of the period | 3,329,000 | 525,000 | ' |
Ending Balance, Collectively evaluated for impairment | 3,329,000 | 525,000 | ' |
Loans Receivable | ' | ' | ' |
Ending Balance | 219,156,000 | 222,961,000 | ' |
Ending Balance, Individually evaluated for impairment | 814,000 | 2,064,000 | ' |
Ending Balance, Collectively evaluated for impairment | 218,342,000 | 220,897,000 | ' |
Real estate - commercial | ' | ' | ' |
Loans receivable and allowance for loan losses | ' | ' | ' |
Loans receivable, gross | 1,048,579,000 | 827,243,000 | ' |
Allowance for loan losses | -16,076,000 | -17,990,000 | ' |
Loan-to-value ratios for real estate commercial loans, maximum (as a percent) | 80.00% | ' | ' |
Allowance for loan losses | ' | ' | ' |
Balance at the beginning of the period | 17,990,000 | 13,377,000 | ' |
Provision for loan losses | -2,203,000 | 9,467,000 | ' |
Charge offs | ' | -4,959,000 | ' |
Recoveries | 289,000 | 105,000 | ' |
Balance at the end of the period | 16,076,000 | 17,990,000 | ' |
Ending Balance, Collectively evaluated for impairment | 16,076,000 | 17,990,000 | ' |
Loans Receivable | ' | ' | ' |
Ending Balance | 1,048,579,000 | 827,243,000 | ' |
Ending Balance, Individually evaluated for impairment | 1,738,000 | 1,657,000 | ' |
Ending Balance, Collectively evaluated for impairment | 1,046,841,000 | 825,586,000 | ' |
Real estate - construction | ' | ' | ' |
Loans receivable and allowance for loan losses | ' | ' | ' |
Loans receivable, gross | 363,063,000 | 373,717,000 | ' |
Allowance for loan losses | -5,336,000 | -7,675,000 | ' |
Loan-to-value ratios for real estate commercial loans, maximum (as a percent) | 80.00% | ' | ' |
Allowance for loan losses | ' | ' | ' |
Balance at the beginning of the period | 7,675,000 | 6,495,000 | ' |
Provision for loan losses | -2,360,000 | 553,000 | ' |
Recoveries | 21,000 | 627,000 | ' |
Balance at the end of the period | 5,336,000 | 7,675,000 | ' |
Ending Balance, Collectively evaluated for impairment | 5,336,000 | 7,675,000 | ' |
Loans Receivable | ' | ' | ' |
Ending Balance | 363,063,000 | 373,717,000 | ' |
Ending Balance, Individually evaluated for impairment | 775,000 | 4,725,000 | ' |
Ending Balance, Collectively evaluated for impairment | 362,288,000 | 368,992,000 | ' |
Real estate - residential | ' | ' | ' |
Loans receivable and allowance for loan losses | ' | ' | ' |
Loans receivable, gross | 299,484,000 | 260,352,000 | ' |
Allowance for loan losses | -2,421,000 | -857,000 | ' |
Loan-to-value ratios for real estate commercial loans, maximum (as a percent) | 80.00% | ' | ' |
Allowance for loan losses | ' | ' | ' |
Balance at the beginning of the period | 857,000 | 1,709,000 | ' |
Provision for loan losses | 1,645,000 | -802,000 | ' |
Charge offs | -185,000 | -291,000 | ' |
Recoveries | 104,000 | 241,000 | ' |
Balance at the end of the period | 2,421,000 | 857,000 | ' |
Ending Balance, Collectively evaluated for impairment | 2,421,000 | 857,000 | ' |
Loans Receivable | ' | ' | ' |
Ending Balance | 299,484,000 | 260,352,000 | ' |
Ending Balance, Collectively evaluated for impairment | 299,484,000 | 260,352,000 | ' |
Home Equity Lines | ' | ' | ' |
Loans receivable and allowance for loan losses | ' | ' | ' |
Loans receivable, gross | 109,481,000 | 117,647,000 | ' |
Allowance for loan losses | -609,000 | -266,000 | ' |
Loan-to-value ratios for real estate commercial loans, maximum (as a percent) | 90.00% | ' | ' |
Allowance for loan losses | ' | ' | ' |
Balance at the beginning of the period | 266,000 | 1,119,000 | ' |
Provision for loan losses | 343,000 | -429,000 | ' |
Charge offs | ' | -460,000 | ' |
Recoveries | ' | 36,000 | ' |
Balance at the end of the period | 609,000 | 266,000 | ' |
Ending Balance, Collectively evaluated for impairment | 609,000 | 266,000 | ' |
Loans Receivable | ' | ' | ' |
Ending Balance | 109,481,000 | 117,647,000 | ' |
Ending Balance, Individually evaluated for impairment | 51,000 | ' | ' |
Ending Balance, Collectively evaluated for impairment | 109,430,000 | 117,647,000 | ' |
Consumer | ' | ' | ' |
Loans receivable and allowance for loan losses | ' | ' | ' |
Loans receivable, gross | 4,159,000 | 4,204,000 | ' |
Allowance for loan losses | -93,000 | -87,000 | ' |
Allowance for loan losses | ' | ' | ' |
Balance at the beginning of the period | 87,000 | 69,000 | ' |
Provision for loan losses | 8,000 | 29,000 | ' |
Charge offs | -4,000 | -15,000 | ' |
Recoveries | 2,000 | 4,000 | ' |
Balance at the end of the period | 93,000 | 87,000 | ' |
Ending Balance, Collectively evaluated for impairment | 93,000 | 87,000 | ' |
Loans Receivable | ' | ' | ' |
Ending Balance | 4,159,000 | 4,204,000 | ' |
Ending Balance, Collectively evaluated for impairment | $4,159,000 | $4,204,000 | ' |
Loans_Receivable_and_Allowance3
Loans Receivable and Allowance for Loan Losses (Details 2) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Nonaccrual and Past Due Loans | ' | ' | ' |
30-59 Days Past Due | $191,000 | ' | ' |
60-89 Days Past Due | 316,000 | ' | ' |
90 Days or More Past Due (includes nonaccrual) | 2,314,000 | 7,626,000 | ' |
Total Past Due | 2,821,000 | 7,626,000 | ' |
Current | 2,041,101,000 | 1,798,498,000 | ' |
Total Loans | 2,043,922,000 | 1,806,124,000 | ' |
Nonaccrual Loans | 2,314,000 | 7,626,000 | 14,600,000 |
Valuation allowance for impaired loans | 0 | 0 | ' |
Charge offs related to impaired loans | 0 | 4,800,000 | 5,100,000 |
Average balance of impaired loans | 4,200,000 | 11,300,000 | 10,300,000 |
Interest income that would have been recorded had loans been performing | 626,000 | 491,000 | 766,000 |
Interest income realized on loans placed on nonaccrual status | 5,000 | 111,000 | 341,000 |
Commercial and industrial | ' | ' | ' |
Nonaccrual and Past Due Loans | ' | ' | ' |
30-59 Days Past Due | 101,000 | ' | ' |
60-89 Days Past Due | 316,000 | ' | ' |
90 Days or More Past Due (includes nonaccrual) | ' | 2,064,000 | ' |
Total Past Due | 417,000 | 2,064,000 | ' |
Current | 218,739,000 | 220,897,000 | ' |
Total Loans | 219,156,000 | 222,961,000 | ' |
Nonaccrual Loans | ' | 2,064,000 | ' |
Owner occupied | ' | ' | ' |
Nonaccrual and Past Due Loans | ' | ' | ' |
Current | 279,631,000 | 255,343,000 | ' |
Total Loans | 279,631,000 | 255,343,000 | ' |
Non-owner occupied | ' | ' | ' |
Nonaccrual and Past Due Loans | ' | ' | ' |
30-59 Days Past Due | 82,000 | ' | ' |
90 Days or More Past Due (includes nonaccrual) | 1,738,000 | 3,800,000 | ' |
Total Past Due | 1,820,000 | 3,800,000 | ' |
Current | 767,128,000 | 568,100,000 | ' |
Total Loans | 768,948,000 | 571,900,000 | ' |
Nonaccrual Loans | 1,738,000 | 3,800,000 | ' |
Residential | ' | ' | ' |
Nonaccrual and Past Due Loans | ' | ' | ' |
Current | 120,144,000 | 84,551,000 | ' |
Total Loans | 120,144,000 | 84,551,000 | ' |
Commercial | ' | ' | ' |
Nonaccrual and Past Due Loans | ' | ' | ' |
90 Days or More Past Due (includes nonaccrual) | 525,000 | 1,762,000 | ' |
Total Past Due | 525,000 | 1,762,000 | ' |
Current | 242,394,000 | 287,404,000 | ' |
Total Loans | 242,919,000 | 289,166,000 | ' |
Nonaccrual Loans | 525,000 | 1,762,000 | ' |
Single family | ' | ' | ' |
Nonaccrual and Past Due Loans | ' | ' | ' |
30-59 Days Past Due | 8,000 | ' | ' |
Total Past Due | 8,000 | ' | ' |
Current | 213,537,000 | 209,740,000 | ' |
Total Loans | 213,545,000 | 209,740,000 | ' |
Multi-family | ' | ' | ' |
Nonaccrual and Past Due Loans | ' | ' | ' |
Current | 85,939,000 | 50,612,000 | ' |
Total Loans | 85,939,000 | 50,612,000 | ' |
Home Equity Lines | ' | ' | ' |
Nonaccrual and Past Due Loans | ' | ' | ' |
90 Days or More Past Due (includes nonaccrual) | 51,000 | ' | ' |
Total Past Due | 51,000 | ' | ' |
Current | 109,430,000 | 117,647,000 | ' |
Total Loans | 109,481,000 | 117,647,000 | ' |
Nonaccrual Loans | 51,000 | ' | ' |
Installment | ' | ' | ' |
Nonaccrual and Past Due Loans | ' | ' | ' |
Current | 3,912,000 | 3,916,000 | ' |
Total Loans | 3,912,000 | 3,916,000 | ' |
Credit cards | ' | ' | ' |
Nonaccrual and Past Due Loans | ' | ' | ' |
Current | 247,000 | 288,000 | ' |
Total Loans | $247,000 | $288,000 | ' |
Loans_Receivable_and_Allowance4
Loans Receivable and Allowance for Loan Losses (Details 3) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Recorded Investment | ' | ' |
Total | $3,378 | $8,446 |
Unpaid Principal Balance | ' | ' |
Total | 7,665 | 15,377 |
Interest Income Recognized | ' | ' |
Total | 23 | 773 |
Commercial and industrial | ' | ' |
Recorded Investment | ' | ' |
With no related allowance | 814 | 2,064 |
Total | 814 | 2,064 |
Unpaid Principal Balance | ' | ' |
With no related allowance | 814 | 2,985 |
Total | 814 | 2,985 |
Interest Income Recognized | ' | ' |
With no related allowance | 23 | 269 |
Total | 23 | 269 |
Real estate - commercial | ' | ' |
Recorded Investment | ' | ' |
Total | 1,738 | 4,370 |
Unpaid Principal Balance | ' | ' |
Total | 3,872 | 6,943 |
Interest Income Recognized | ' | ' |
Total | ' | 35 |
Non-owner occupied | ' | ' |
Recorded Investment | ' | ' |
With no related allowance | 1,738 | 4,370 |
Unpaid Principal Balance | ' | ' |
With no related allowance | 3,872 | 6,943 |
Interest Income Recognized | ' | ' |
With no related allowance | ' | 35 |
Real estate - construction | ' | ' |
Recorded Investment | ' | ' |
Total | 775 | 2,012 |
Unpaid Principal Balance | ' | ' |
Total | 2,928 | 5,449 |
Interest Income Recognized | ' | ' |
Total | ' | 469 |
Commercial | ' | ' |
Recorded Investment | ' | ' |
With no related allowance | 775 | 2,012 |
Unpaid Principal Balance | ' | ' |
With no related allowance | 2,928 | 5,449 |
Interest Income Recognized | ' | ' |
With no related allowance | ' | 469 |
Home Equity Lines | ' | ' |
Recorded Investment | ' | ' |
With no related allowance | 51 | ' |
Total | 51 | ' |
Unpaid Principal Balance | ' | ' |
With no related allowance | 51 | ' |
Total | $51 | ' |
Loans_Receivable_and_Allowance5
Loans Receivable and Allowance for Loan Losses (Details 4) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
item | item | |
Reconciliation of beginning and ending balances on TDR | ' | ' |
Beginning Balance | $7,338,000 | $15,345,000 |
New TDRs | 570,000 | ' |
Charge-Offs Post Modification | ' | -4,817,000 |
Sales, paydowns, or other decreases | -5,645,000 | -3,190,000 |
Ending Balance | 2,263,000 | 7,338,000 |
Number of relationships with the Bank made by the TDRs | 1 | 3 |
Restructured loans, loan loss reserves | 0 | 0 |
Outstanding commitments to advance additional funds | 0 | 0 |
Troubled Debt Restructurings with Payment Default In The Previous Twelve Months | ' | ' |
Number of Loans | 1 | 0 |
Commercial and industrial | ' | ' |
Reconciliation of beginning and ending balances on TDR | ' | ' |
Beginning Balance | 1,776,000 | 3,497,000 |
Charge-Offs Post Modification | ' | -1,068,000 |
Sales, paydowns, or other decreases | -1,776,000 | -653,000 |
Ending Balance | ' | 1,776,000 |
Real estate - commercial | ' | ' |
Reconciliation of beginning and ending balances on TDR | ' | ' |
Beginning Balance | 3,800,000 | 9,098,000 |
New TDRs | 570,000 | ' |
Charge-Offs Post Modification | ' | -3,749,000 |
Sales, paydowns, or other decreases | -2,632,000 | -1,549,000 |
Ending Balance | 1,738,000 | 3,800,000 |
Real estate - construction | ' | ' |
Reconciliation of beginning and ending balances on TDR | ' | ' |
Beginning Balance | 1,762,000 | 2,750,000 |
Sales, paydowns, or other decreases | -1,237,000 | -988,000 |
Ending Balance | $525,000 | $1,762,000 |
Loans_Receivable_and_Allowance6
Loans Receivable and Allowance for Loan Losses (Details 5) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | $2,043,922,000 | $1,806,124,000 |
Allowance for impaired loans | 0 | 0 |
Loans receivable, net of related allowance | 3,400,000 | 8,400,000 |
Commercial and industrial | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 219,156,000 | 222,961,000 |
Real estate - commercial | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 1,048,579,000 | 827,243,000 |
Owner occupied | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 279,631,000 | 255,343,000 |
Non-owner occupied | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 768,948,000 | 571,900,000 |
Real estate - construction | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 363,063,000 | 373,717,000 |
Residential | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 120,144,000 | 84,551,000 |
Commercial | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 242,919,000 | 289,166,000 |
Real estate - residential | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 299,484,000 | 260,352,000 |
Single family | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 213,545,000 | 209,740,000 |
Multi-family | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 85,939,000 | 50,612,000 |
Home Equity Lines | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 109,481,000 | 117,647,000 |
Consumer | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 4,159,000 | 4,204,000 |
Installment | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 3,912,000 | 3,916,000 |
Credit cards | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 247,000 | 288,000 |
Pass | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 2,026,611,000 | 1,766,509,000 |
Pass | Commercial and industrial | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 217,755,000 | 220,266,000 |
Pass | Owner occupied | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 279,631,000 | 255,343,000 |
Pass | Non-owner occupied | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 753,872,000 | 542,983,000 |
Pass | Residential | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 120,144,000 | 84,551,000 |
Pass | Commercial | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 242,144,000 | 281,163,000 |
Pass | Single family | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 213,537,000 | 209,740,000 |
Pass | Multi-family | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 85,939,000 | 50,612,000 |
Pass | Home Equity Lines | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 109,430,000 | 117,647,000 |
Pass | Installment | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 3,912,000 | 3,916,000 |
Pass | Credit cards | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 247,000 | 288,000 |
OLEM | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 13,933,000 | 31,169,000 |
OLEM | Commercial and industrial | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 587,000 | 631,000 |
OLEM | Non-owner occupied | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 13,338,000 | 27,260,000 |
OLEM | Commercial | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | ' | 3,278,000 |
OLEM | Single family | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 8,000 | ' |
Substandard | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 3,378,000 | 8,446,000 |
Substandard | Commercial and industrial | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 814,000 | 2,064,000 |
Substandard | Non-owner occupied | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 1,738,000 | 1,657,000 |
Substandard | Commercial | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | 775,000 | 4,725,000 |
Substandard | Home Equity Lines | ' | ' |
Internal Risk Rating Grades | ' | ' |
Loans receivable, gross | $51,000 | ' |
Other_Real_Estate_Owned_Detail
Other Real Estate Owned (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Other Real Estate Owned | ' | ' | ' |
Other real estate owned | $0 | $0 | ' |
Impairment charges | ' | ' | 911 |
Gain (loss) on sales of other real estate owned | $30 | ($333) | ' |
Loans_Held_for_Sale_Details
Loans Held for Sale (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Loans Held for Sale | ' | ' |
Loans held for sale, gross | $371,661 | $773,372 |
Net deferred costs | 2,332 | 12,379 |
Loans held for sale, net | 373,993 | 785,751 |
Residential | ' | ' |
Loans Held for Sale | ' | ' |
Loans held for sale, gross | 311,493 | 728,973 |
Construction-to-permanent | ' | ' |
Loans Held for Sale | ' | ' |
Loans held for sale, gross | $60,168 | $44,399 |
Goodwill_and_Other_Intangible_2
Goodwill and Other Intangible Assets (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Goodwill and Other Intangible Assets | ' | ' | ' |
Write down of goodwill | $0 | ' | ' |
Gross Carrying Amount | ' | ' | ' |
Balance at the beginning of the period | 2,397 | 2,397 | ' |
Balance at the end of the period | 2,397 | 2,397 | 2,397 |
Accumulated Amortization | ' | ' | ' |
Balance at the beginning of the period | 2,249 | 2,051 | ' |
Aggregate amortization expense | 148 | 198 | 198 |
Balance at the end of the period | 2,397 | 2,249 | 2,051 |
Additional amortization expense | 0 | 0 | 0 |
Mortgage Banking | ' | ' | ' |
Gross Carrying Amount | ' | ' | ' |
Balance at the end of the period | 1,781 | 1,781 | 1,781 |
Accumulated Amortization | ' | ' | ' |
Balance at the end of the period | 1,781 | 1,633 | 1,435 |
Wealth Management Services | ' | ' | ' |
Gross Carrying Amount | ' | ' | ' |
Balance at the end of the period | 616 | 616 | 616 |
Accumulated Amortization | ' | ' | ' |
Balance at the end of the period | 616 | 616 | 616 |
Customer relationship intangibles | Mortgage Banking | ' | ' | ' |
Accumulated Amortization | ' | ' | ' |
Aggregate amortization expense | $148 | $198 | ' |
Goodwill_and_Other_Intangible_3
Goodwill and Other Intangible Assets (Details 2) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Goodwill | ' | ' |
Balance at the beginning of the period | $10,144 | $10,144 |
Balance at the end of the period | 10,144 | 10,144 |
Commercial Banking | ' | ' |
Goodwill | ' | ' |
Balance at the beginning of the period | 24 | 24 |
Balance at the end of the period | 24 | 24 |
Mortgage Banking | ' | ' |
Goodwill | ' | ' |
Balance at the beginning of the period | 10,120 | 10,120 |
Balance at the end of the period | $10,120 | $10,120 |
Premises_and_Equipment_Details
Premises and Equipment (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Premises and Equipment | ' | ' | ' |
Total cost | $47,315,000 | $42,745,000 | ' |
Less accumulated depreciation and amortization | -26,926,000 | -23,553,000 | ' |
Premises and equipment, net | 20,389,000 | 19,192,000 | ' |
Depreciation | 3,196,000 | 2,669,000 | 2,517,000 |
Minimum future rental payments under the noncancelable operating leases | ' | ' | ' |
2014 | 8,408,000 | ' | ' |
2015 | 6,933,000 | ' | ' |
2016 | 5,372,000 | ' | ' |
2017 | 3,830,000 | ' | ' |
2018 | 3,437,000 | ' | ' |
Thereafter | 8,900,000 | ' | ' |
Total | 36,880,000 | ' | ' |
Total rent expense | 7,900,000 | 6,600,000 | 5,500,000 |
Future minimum lease payments under noncancelable subleasing arrangements | ' | ' | ' |
2014 | 47,000 | ' | ' |
2015 | 49,000 | ' | ' |
2016 | 50,000 | ' | ' |
2017 | 52,000 | ' | ' |
2018 | 31,000 | ' | ' |
Total | 229,000 | ' | ' |
Total rent income | 158,000 | 166,000 | 187,000 |
Land | ' | ' | ' |
Premises and Equipment | ' | ' | ' |
Total cost | 4,350,000 | 4,350,000 | ' |
Buildings | ' | ' | ' |
Premises and Equipment | ' | ' | ' |
Total cost | 6,680,000 | 6,680,000 | ' |
Furniture and equipment | ' | ' | ' |
Premises and Equipment | ' | ' | ' |
Total cost | 25,478,000 | 22,509,000 | ' |
Leasehold improvements | ' | ' | ' |
Premises and Equipment | ' | ' | ' |
Total cost | $10,807,000 | $9,206,000 | ' |
Deposits_Details
Deposits (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Deposits | ' | ' | ' |
Non-interest bearing demand deposits | $433,749,000 | $351,815,000 | ' |
Interest bearing deposits: | ' | ' | ' |
Interest checking | 398,136,000 | 347,697,000 | ' |
Money market and statement savings | 475,707,000 | 430,391,000 | ' |
Certificates of deposit | 751,267,000 | 1,113,855,000 | ' |
Total interest-bearing deposits | 1,625,110,000 | 1,891,943,000 | ' |
Total deposits | 2,058,859,000 | 2,243,758,000 | ' |
Interest expense by deposit categories | ' | ' | ' |
Interest checking | 2,170,000 | 2,457,000 | 255,000 |
Money market and statement savings | 1,389,000 | 1,689,000 | 1,534,000 |
Certificates of deposit | 9,457,000 | 10,693,000 | 11,771,000 |
Total interest expense | 13,016,000 | 14,839,000 | 13,560,000 |
Certificates of deposit | ' | ' | ' |
Certificates of deposit with a minimum denomination | ' | ' | ' |
Three months or less | 123,886,000 | ' | ' |
Over three months through six months | 45,921,000 | ' | ' |
Over six months through twelve months | 49,014,000 | ' | ' |
Over twelve months | 131,156,000 | ' | ' |
Total | 349,977,000 | 565,100,000 | ' |
Brokered certificates of deposits | 301,200,000 | 616,600,000 | ' |
Maturities of certificates of deposit | ' | ' | ' |
2014 | 428,637,000 | ' | ' |
2015 | 157,204,000 | ' | ' |
2016 | 97,926,000 | ' | ' |
2017 | 45,997,000 | ' | ' |
2018 | 18,437,000 | ' | ' |
2019 | 3,066,000 | ' | ' |
Total | 751,267,000 | ' | ' |
Certificates of deposit | Fixed Term | ' | ' | ' |
Certificates of deposit with a minimum denomination | ' | ' | ' |
Three months or less | 116,690,000 | ' | ' |
Over three months through six months | 43,466,000 | ' | ' |
Over six months through twelve months | 46,909,000 | ' | ' |
Over twelve months | 90,186,000 | ' | ' |
Total | 297,251,000 | ' | ' |
Certificates of deposit | No-Penalty | ' | ' | ' |
Certificates of deposit with a minimum denomination | ' | ' | ' |
Three months or less | 7,196,000 | ' | ' |
Over three months through six months | 2,455,000 | ' | ' |
Over six months through twelve months | 2,105,000 | ' | ' |
Over twelve months | 40,970,000 | ' | ' |
Total | $52,726,000 | ' | ' |
Other_Borrowed_Funds_Details
Other Borrowed Funds (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Other Borrowed Funds | ' | ' |
Other borrowed funds | $475,232 | $392,275 |
Interest rate, low end of range (as a percent) | 0.17% | ' |
Interest rate, high end of range (as a percent) | 4.85% | ' |
Fixed rate FHLB advances | ' | ' |
Other Borrowed Funds | ' | ' |
Other borrowed funds | 315,000 | 215,000 |
Federal funds purchased | ' | ' |
Other Borrowed Funds | ' | ' |
Other borrowed funds | 45,000 | 50,000 |
Customer repurchase agreements | ' | ' |
Other Borrowed Funds | ' | ' |
Other borrowed funds | 94,613 | 106,656 |
Payable to Statutory Trust I | ' | ' |
Other Borrowed Funds | ' | ' |
Other borrowed funds | $20,619 | $20,619 |
Other_Borrowed_Funds_Details_2
Other Borrowed Funds (Details 2) (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jul. 31, 2004 | |
Other Borrowed Funds | ' | ' | ' | ' |
Balance | $475,232,000 | $392,275,000 | ' | ' |
Interest expense | 21,770,000 | 24,047,000 | 23,716,000 | ' |
Cardinal Statutory Trust I | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Interest expense | 693,000 | 834,000 | 816,000 | ' |
Trust preferred securities issued | ' | ' | ' | 20,000,000 |
Variable interest rate base | 'LIBOR | ' | ' | ' |
Interest rate added to base rate (as a percent) | 2.40% | ' | ' | ' |
Interest rate at period end (as a percent) | 2.64% | ' | ' | ' |
Fixed rate FHLB advances | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Interest Rate (as a percent) | 3.09% | 3.61% | ' | ' |
Balance | 315,000,000 | 215,000,000 | ' | ' |
Average balances of advances | 217,300,000 | 230,500,000 | ' | ' |
Maximum amount outstanding at any month-end | 315,000,000 | 295,000,000 | ' | ' |
Interest expense | 7,900,000 | 8,200,000 | 9,600,000 | ' |
Extinguishment of debt | ' | ' | 55,000,000 | ' |
Average cost of debt extinguished (as a percent) | ' | ' | 2.87% | ' |
Average cost of debt extinguished | ' | ' | 1,600,000 | ' |
Payment of prepayment penalty | 0 | 0 | 2,300,000 | ' |
Federal Home Loan Bank advance at 0.17% interest, due 2014 | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Interest Rate (as a percent) | 0.17% | ' | ' | ' |
Advance Term | '1 month | ' | ' | ' |
Balance | 100,000,000 | ' | ' | ' |
Federal Home Loan Bank advance at 3.37% to 3.50% interest, due 2015 | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Advance Term | '48 months | '48 months | ' | ' |
Balance | 10,000,000 | 10,000,000 | ' | ' |
Federal Home Loan Bank advance at 3.37% to 3.50% interest, due 2015 | Minimum | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Interest Rate (as a percent) | 3.37% | 3.37% | ' | ' |
Federal Home Loan Bank advance at 3.37% to 3.50% interest, due 2015 | Maximum | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Interest Rate (as a percent) | 3.50% | 3.50% | ' | ' |
Federal Home Loan Bank advance at 2.03% interest, due 2016 | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Interest Rate (as a percent) | 2.03% | 2.03% | ' | ' |
Advance Term | '48 months | '48 months | ' | ' |
Balance | 10,000,000 | 10,000,000 | ' | ' |
Federal Home Loan Bank advance at 3.45% interest, due 2016 | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Interest Rate (as a percent) | 3.45% | 3.45% | ' | ' |
Advance Term | '60 months | '60 months | ' | ' |
Balance | 5,000,000 | 5,000,000 | ' | ' |
Federal Home Loan Bank advance at 3.93% to 4.55% interest, due 2016 | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Advance Term | '120 months | '120 months | ' | ' |
Balance | 50,000,000 | 50,000,000 | ' | ' |
Federal Home Loan Bank advance at 3.93% to 4.55% interest, due 2016 | Minimum | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Interest Rate (as a percent) | 3.93% | 3.93% | ' | ' |
Federal Home Loan Bank advance at 3.93% to 4.55% interest, due 2016 | Maximum | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Interest Rate (as a percent) | 4.55% | 4.55% | ' | ' |
Federal Home Loan Bank advance at 2.46% to 2.65% interest, due 2017 | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Advance Term | '60 months | '60 months | ' | ' |
Balance | 30,000,000 | 30,000,000 | ' | ' |
Federal Home Loan Bank advance at 2.46% to 2.65% interest, due 2017 | Minimum | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Interest Rate (as a percent) | 2.46% | 2.46% | ' | ' |
Federal Home Loan Bank advance at 2.46% to 2.65% interest, due 2017 | Maximum | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Interest Rate (as a percent) | 2.65% | 2.65% | ' | ' |
Federal Home Loan Bank advance at 3.10% to 4.85% interest, due 2017 | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Advance Term | '120 months | '120 months | ' | ' |
Balance | 60,000,000 | 60,000,000 | ' | ' |
Federal Home Loan Bank advance at 3.10% to 4.85% interest, due 2017 | Minimum | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Interest Rate (as a percent) | 3.10% | 3.10% | ' | ' |
Federal Home Loan Bank advance at 3.10% to 4.85% interest, due 2017 | Maximum | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Interest Rate (as a percent) | 4.85% | 4.85% | ' | ' |
Federal Home Loan Bank advance at 2.81% to 4.00% interest, due 2018 | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Advance Term | '120 months | '120 months | ' | ' |
Balance | 20,000,000 | 20,000,000 | ' | ' |
Federal Home Loan Bank advance at 2.81% to 4.00% interest, due 2018 | Minimum | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Interest Rate (as a percent) | 2.81% | 2.81% | ' | ' |
Federal Home Loan Bank advance at 2.81% to 4.00% interest, due 2018 | Maximum | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Interest Rate (as a percent) | 4.00% | 4.00% | ' | ' |
Federal Home Loan Bank advance at 2.98% interest, due 2019 | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Interest Rate (as a percent) | 2.98% | 2.98% | ' | ' |
Advance Term | '84 months | '84 months | ' | ' |
Balance | 10,000,000 | 10,000,000 | ' | ' |
Federal Home Loan Bank advance at 3.80% to 4.01% interest, due 2022 | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Advance Term | '120 months | '120 months | ' | ' |
Balance | 20,000,000 | 20,000,000 | ' | ' |
Federal Home Loan Bank advance at 3.80% to 4.01% interest, due 2022 | Minimum | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Interest Rate (as a percent) | 3.80% | 3.80% | ' | ' |
Federal Home Loan Bank advance at 3.80% to 4.01% interest, due 2022 | Maximum | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Interest Rate (as a percent) | 4.01% | 4.01% | ' | ' |
Line of credit at the Federal Reserve discount window | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Maximum amount outstanding at any month-end | 94,500,000 | ' | ' | ' |
Amounts drawn | 0 | ' | ' | ' |
Interest expense | 0 | 0 | 0 | ' |
Payable to Statutory Trust I | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Balance | 20,619,000 | 20,619,000 | ' | ' |
Payable to Statutory Trust I | Cardinal Statutory Trust I | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Balance | 20,600,000 | ' | ' | ' |
Additional amount payable for unfunded capital investment | 619,000 | ' | ' | ' |
Federal funds | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Balance | 45,000,000 | 50,000,000 | ' | ' |
Interest expense | 24,000 | 35,000 | 33,000 | ' |
Weighted-average interest rate (as a percent) | 0.43% | 0.38% | ' | ' |
Customer repurchase agreements | ' | ' | ' | ' |
Other Borrowed Funds | ' | ' | ' | ' |
Balance | 94,613,000 | 106,656,000 | ' | ' |
Interest expense | 165,000 | 249,000 | 210,000 | ' |
Weighted-average interest rate (as a percent) | 0.16% | 0.21% | 0.24% | ' |
Average balances | 104,800,000 | 117,300,000 | 87,000,000 | ' |
Maximum amount outstanding at any month-end | $148,100,000 | $160,100,000 | $106,700,000 | ' |
Other_Borrowed_Funds_Details_3
Other Borrowed Funds (Details 3) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Maturities of other borrowed funds | ' |
2014 | $239,613 |
2015 | 10,000 |
2016 | 65,000 |
2017 | 90,000 |
2018 | 20,000 |
2019 and Thereafter | 50,619 |
FHLB advances | ' |
Maturities of other borrowed funds | ' |
2014 | 100,000 |
2015 | 10,000 |
2016 | 65,000 |
2017 | 90,000 |
2018 | 20,000 |
2019 and Thereafter | 30,000 |
Customer repurchase agreements | ' |
Maturities of other borrowed funds | ' |
2014 | 94,613 |
Federal funds sold | ' |
Maturities of other borrowed funds | ' |
2014 | 45,000 |
Payable to Statutory Trust I | ' |
Maturities of other borrowed funds | ' |
2019 and Thereafter | $20,619 |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Taxes | ' | ' | ' |
Federal corporate rate (as a percent) | 35.00% | ' | ' |
Reconciliation of provision for income tax expense to the amount computed by applying the federal corporate tax rate to income before taxes | ' | ' | ' |
Income tax at federal corporate rate | $13,189 | $23,784 | $14,742 |
Change in valuation allowance | 245 | 671 | ' |
Change in the carrying rate of deferred tax assets and liabilities | ' | ' | 1 |
State tax expense, net of federal tax benefit | 77 | 226 | 263 |
Nontaxable income | -1,466 | -2,152 | -1,152 |
Nondeductible expenses | 184 | 400 | 27 |
Other | -54 | -271 | 241 |
Total | 12,175 | 22,658 | 14,122 |
Current | ' | ' | ' |
Federal | 14,432 | 16,355 | 12,675 |
State | 609 | 486 | 361 |
Total current | 15,041 | 16,841 | 13,036 |
Deferred | ' | ' | ' |
Federal | -2,799 | 5,695 | 1,057 |
State | -67 | 122 | 29 |
Total deferred | -2,866 | 5,817 | 1,086 |
Total | 12,175 | 22,658 | 14,122 |
Included in shareholders' equity: | ' | ' | ' |
Deferred tax expense related to the change in the net unrealized gain on investment securities available for sale | -5,064 | 391 | 4,468 |
Deferred tax expense (benefit) related to the change in the net unrealized gain (loss) on derivative instruments designated as cash flow hedges | 589 | 470 | -572 |
Total included in shareholders' equity | -4,475 | 861 | 3,896 |
Deferred tax assets: | ' | ' | ' |
Allowance for loan losses | 9,988 | 9,761 | ' |
Net operating state loss carryforwards | 2,490 | 2,258 | ' |
Unrealized losses on derivative instruments designated as cash flow hedges | 22 | 611 | ' |
Deferred compensation | 5,424 | 3,965 | ' |
Other | 991 | 1,999 | ' |
Total gross deferred tax assets | 18,915 | 18,594 | ' |
Less valuation allowance | -2,490 | -2,258 | ' |
Net deferred tax assets | 16,425 | 16,336 | ' |
Deferred tax liabilities: | ' | ' | ' |
Unrealized gains on investment securities available-for-sale | -2,740 | -7,805 | ' |
Goodwill and intangibles, net | -601 | -149 | ' |
Fair value adjustments | -5,910 | -8,751 | ' |
Depreciation | -926 | -865 | ' |
Prepaid expenses | -190 | -15 | ' |
Loan origination costs | -663 | -697 | ' |
Total gross deferred tax liabilities | -11,030 | -18,282 | ' |
Net deferred tax asset (liability) | $5,395 | ($1,946) | ' |
Income_Taxes_Details_2
Income Taxes (Details 2) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Operating loss carryforwards | ' | ' |
Unrecognized tax benefits | $0 | $0 |
Interest expense or tax penalties related to uncertain tax positions | 0 | 0 |
State | ' | ' |
Operating loss carryforwards | ' | ' |
Net operating loss carryforwards | $41,500,000 | ' |
Derivative_Instruments_and_Hed2
Derivative Instruments and Hedging Activities (Details) (USD $) | 12 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | |
Forward loan sales commitments | Forward loan sales commitments | Residential mortgage rate lock commitments and associated forward sales | Residential mortgage rate lock commitments and associated forward sales | Derivatives in cash flow hedging relationships | Derivatives in cash flow hedging relationships | Derivatives in cash flow hedging relationships | Derivatives in fair value hedging relationships | Derivatives in fair value hedging relationships | |||
Forward loan sales commitments | Forward loan sales commitments | Interest rate swaps | Interest rate swaps | Interest rate swaps | |||||||
item | |||||||||||
Derivative Instruments and Hedging Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax | ' | ' | ' | ' | ' | ' | $1,100,000 | $785,000 | ' | ' | ' |
Period from closing within which loans held for sale are generally sold | '60 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans closed and presented as held for sale | 373,993,000 | 785,751,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative assets | 16,487,000 | 27,242,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative liabilities | 5,606,000 | 4,779,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of loans receivable hedged | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 |
Notional amount | ' | ' | 293,200,000 | 723,800,000 | 210,900,000 | 481,700,000 | ' | ' | 10,000,000 | 11,174,000 | ' |
Weighted average pay rate | ' | ' | ' | ' | ' | ' | ' | ' | 3.97% | 5.42% | ' |
Weighted average receive rate | ' | ' | ' | ' | ' | ' | ' | ' | 1.54% | 0.25% | ' |
Weighted average maturity in years | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | '1 year | ' |
Unrealized gain (loss) relating to interest rate swaps (in dollars) | ' | ' | ' | ' | ' | ' | ' | ' | $119,000 | $478,000 | ' |
Variable rate basis | ' | ' | ' | ' | ' | ' | ' | ' | 'three month LIBOR | 'one month LIBOR | ' |
Fair_Value_of_Derivative_Instr2
Fair Value of Derivative Instruments and Hedging Activities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Derivative Instruments and Hedging Activities | ' | ' |
Asset Derivatives, Fair Value | $16,487 | $27,242 |
Liability Derivatives, Fair Value | 5,606 | 4,779 |
Derivatives Designated as Hedging Instruments | ' | ' |
Derivative Instruments and Hedging Activities | ' | ' |
Asset Derivatives, Fair Value | 5,489 | 2,136 |
Liability Derivatives, Fair Value | 4,043 | 4,239 |
Derivatives Designated as Hedging Instruments | Interest Rate Swaps | Accrued Interest Payable and Other Liabilities | ' | ' |
Derivative Instruments and Hedging Activities | ' | ' |
Liability Derivatives, Fair Value | ' | 616 |
Derivatives Designated as Hedging Instruments | Forward Loan Sales Commitments | Accrued Interest Receivable and Other Assets | ' | ' |
Derivative Instruments and Hedging Activities | ' | ' |
Asset Derivatives, Fair Value | 5,489 | 2,136 |
Derivatives Designated as Hedging Instruments | Forward Loan Sales Commitments | Accrued Interest Payable and Other Liabilities | ' | ' |
Derivative Instruments and Hedging Activities | ' | ' |
Liability Derivatives, Fair Value | 4,043 | 3,623 |
Derivatives Not Designated as Hedging Instruments | ' | ' |
Derivative Instruments and Hedging Activities | ' | ' |
Asset Derivatives, Fair Value | 10,998 | 25,106 |
Liability Derivatives, Fair Value | 1,563 | 540 |
Derivatives Not Designated as Hedging Instruments | Rate Lock and Forward Loan Sales Commitments | Accrued Interest Receivable and Other Assets | ' | ' |
Derivative Instruments and Hedging Activities | ' | ' |
Asset Derivatives, Fair Value | 10,989 | 24,657 |
Derivatives Not Designated as Hedging Instruments | Rate Lock and Forward Loan Sales Commitments | Accrued Interest Payable and Other Liabilities | ' | ' |
Derivative Instruments and Hedging Activities | ' | ' |
Liability Derivatives, Fair Value | 9 | 449 |
Derivatives Not Designated as Hedging Instruments | Rate Lock Commitments | Accrued Interest Receivable and Other Assets | ' | ' |
Derivative Instruments and Hedging Activities | ' | ' |
Asset Derivatives, Fair Value | 9 | 449 |
Derivatives Not Designated as Hedging Instruments | Rate Lock Commitments | Accrued Interest Payable and Other Liabilities | ' | ' |
Derivative Instruments and Hedging Activities | ' | ' |
Liability Derivatives, Fair Value | $1,554 | $91 |
Fair_Value_of_Derivative_Instr3
Fair Value of Derivative Instruments and Hedging Activities (Details 2) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Derivatives Not Designated as Hedging Instruments | ' | ' |
Impact of Derivative Instruments on the Statement of Income | ' | ' |
Amount of Gain (Loss) Recognized in Income on Derivative | $59,566 | $79,397 |
Forward Loan Sales Commitments | Derivatives Not Designated as Hedging Instruments | Other Income | ' | ' |
Impact of Derivative Instruments on the Statement of Income | ' | ' |
Amount of Gain (Loss) Recognized in Income on Derivative | 6,421 | -2,875 |
Rate Lock Commitments | Derivatives Not Designated as Hedging Instruments | Realized and unrealized gains on mortgage banking activities | ' | ' |
Impact of Derivative Instruments on the Statement of Income | ' | ' |
Amount of Gain (Loss) Recognized in Income on Derivative | 59,566 | 79,397 |
Rate Lock Commitments | Derivatives Not Designated as Hedging Instruments | Other Income | ' | ' |
Impact of Derivative Instruments on the Statement of Income | ' | ' |
Amount of Gain (Loss) Recognized in Income on Derivative | -6,421 | 2,875 |
Derivatives in Fair Value Hedging Relationships | ' | ' |
Impact of Derivative Instruments on the Statement of Income | ' | ' |
Amount of Gain (Loss) Recognized in Income on Derivative | 478 | 522 |
Amount of Gain (Loss) Recognized in Income on Hedged Item | -478 | -522 |
Derivatives in Fair Value Hedging Relationships | Interest Rate Swaps | Other Income | ' | ' |
Impact of Derivative Instruments on the Statement of Income | ' | ' |
Amount of Gain (Loss) Recognized in Income on Derivative | 478 | 522 |
Amount of Gain (Loss) Recognized in Income on Hedged Item | -478 | -522 |
Derivatives in Cash Flow Hedging Relationships | ' | ' |
Impact of Derivative Instruments on the Statement of Income | ' | ' |
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion) | 1,109 | 785 |
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion) | 3,774 | -756 |
Derivatives in Cash Flow Hedging Relationships | Interest Rate Swaps | Other Income | ' | ' |
Impact of Derivative Instruments on the Statement of Income | ' | ' |
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion) | 89 | 119 |
Derivatives in Cash Flow Hedging Relationships | Forward Loan Sales Commitments | Other Income | ' | ' |
Impact of Derivative Instruments on the Statement of Income | ' | ' |
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion) | 1,020 | 666 |
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion) | $3,774 | ($756) |
Regulatory_Matters_Details
Regulatory Matters (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Total capital to risk weighted assets | ' | ' |
Actual, Amount | $349,894,000 | $328,547,000 |
Actual, Ratio (as a percent) | 12.89% | 13.04% |
For Capital Adequacy Purposes, Amount | 217,111,000 | 201,530,000 |
For Capital Adequacy Purposes, Ratio (as a percent) | 8.00% | 8.00% |
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | 271,389,000 | 251,913,000 |
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent) | 10.00% | 10.00% |
Tier 1 capital to risk weighted assets | ' | ' |
Actual, Amount | 321,513,000 | 300,732,000 |
Actual, Ratio (as a percent) | 11.85% | 11.94% |
For Capital Adequacy Purposes, Amount | 108,555,000 | 100,765,000 |
For Capital Adequacy Purposes, Ratio (as a percent) | 4.00% | 4.00% |
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | 162,833,000 | 151,148,000 |
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent) | 6.00% | 6.00% |
Tier 1 capital to average assets | ' | ' |
Actual, Amount | 321,513,000 | 300,732,000 |
Actual, Ratio (as a percent) | 11.70% | 10.49% |
For Capital Adequacy Purposes, Amount | 109,928,000 | 114,693,000 |
For Capital Adequacy Purposes, Ratio (as a percent) | 4.00% | 4.00% |
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | 137,410,000 | 143,366,000 |
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent) | 5.00% | 5.00% |
Bank | ' | ' |
Regulatory Matters | ' | ' |
Number of prior years of retained earnings used by primary regulator in determining whether to restrict dividends declared | '2 years | ' |
Accumulated earnings, which could be paid as dividends | 173,800,000 | ' |
Average amount of clearing balance | 1,000,000 | ' |
Total capital to risk weighted assets | ' | ' |
Actual, Amount | 343,392,000 | 315,511,000 |
Actual, Ratio (as a percent) | 12.73% | 12.59% |
For Capital Adequacy Purposes, Amount | 215,733,000 | 200,440,000 |
For Capital Adequacy Purposes, Ratio (as a percent) | 8.00% | 8.00% |
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | 269,666,000 | 250,550,000 |
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent) | 10.00% | 10.00% |
Tier 1 capital to risk weighted assets | ' | ' |
Actual, Amount | 315,011,000 | 287,695,000 |
Actual, Ratio (as a percent) | 11.68% | 11.48% |
For Capital Adequacy Purposes, Amount | 107,867,000 | 100,220,000 |
For Capital Adequacy Purposes, Ratio (as a percent) | 4.00% | 4.00% |
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | 161,800,000 | 150,330,000 |
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent) | 6.00% | 6.00% |
Tier 1 capital to average assets | ' | ' |
Actual, Amount | 315,011,000 | 287,695,000 |
Actual, Ratio (as a percent) | 11.54% | 10.08% |
For Capital Adequacy Purposes, Amount | 109,212,000 | 114,196,000 |
For Capital Adequacy Purposes, Ratio (as a percent) | 4.00% | 4.00% |
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | $136,515,000 | $142,745,000 |
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent) | 5.00% | 5.00% |
RelatedParty_Transactions_Deta
Related-Party Transactions (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Analysis of activity for loans to related parties | ' | ' | ' |
Balance, beginning of year | $32,604,000 | $34,988,000 | ' |
New loans | 292,000 | 1,236,000 | ' |
Loans paid off or paid down | -4,599,000 | -3,620,000 | ' |
Balance, end of year | 28,297,000 | 32,604,000 | 34,988,000 |
Lease rent | 7,900,000 | 6,600,000 | 5,500,000 |
2014 | 8,408,000 | ' | ' |
2015 | 6,933,000 | ' | ' |
2016 | 5,372,000 | ' | ' |
2017 | 3,830,000 | ' | ' |
2018 | 3,437,000 | ' | ' |
George Mason | ' | ' | ' |
Analysis of activity for loans to related parties | ' | ' | ' |
Lease rent | 789,000 | 912,000 | 738,000 |
Remaining term of operating lease | '6 years | ' | ' |
George Mason | Minimum | ' | ' | ' |
Analysis of activity for loans to related parties | ' | ' | ' |
2014 | 1,000,000 | ' | ' |
2015 | 1,000,000 | ' | ' |
2016 | 1,000,000 | ' | ' |
2017 | 1,000,000 | ' | ' |
2018 | 1,000,000 | ' | ' |
2019 | 1,000,000 | ' | ' |
George Mason | Maximum | ' | ' | ' |
Analysis of activity for loans to related parties | ' | ' | ' |
2014 | 1,200,000 | ' | ' |
2015 | 1,200,000 | ' | ' |
2016 | 1,200,000 | ' | ' |
2017 | 1,200,000 | ' | ' |
2018 | 1,200,000 | ' | ' |
2019 | 1,200,000 | ' | ' |
Bank | Minimum | ' | ' | ' |
Analysis of activity for loans to related parties | ' | ' | ' |
2014 | 31,000 | ' | ' |
2015 | 31,000 | ' | ' |
2016 | 31,000 | ' | ' |
Bank | Maximum | ' | ' | ' |
Analysis of activity for loans to related parties | ' | ' | ' |
2014 | 32,000 | ' | ' |
2015 | 32,000 | ' | ' |
2016 | 32,000 | ' | ' |
Director | ' | ' | ' |
Analysis of activity for loans to related parties | ' | ' | ' |
Ownership percentage in company leasing office space to entity | 3.10% | ' | ' |
Immediate family member of director | Bank | ' | ' | ' |
Analysis of activity for loans to related parties | ' | ' | ' |
Lease rent | $30,000 | $34,000 | ' |
Remaining term of operating lease | '3 years | ' | ' |
Earnings_Per_Common_Share_Deta
Earnings Per Common Share (Details) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Calculation of basic and diluted earnings per common share | ' | ' | ' |
Net income (in dollars) | $25,510 | $45,297 | $27,998 |
Weighted average shares for basic (in shares) | 30,687,000 | 29,654,000 | 29,401,000 |
Weighted average shares for diluted (in shares) | 31,077,000 | 29,996,000 | 29,784,000 |
Basic earnings per common share (in dollars per share) | $0.83 | $1.53 | $0.95 |
Diluted earnings per common share (in dollars per share) | $0.82 | $1.51 | $0.94 |
Composition of basic outstanding shares | ' | ' | ' |
Weighted average shares outstanding - basic | 30,271,000 | 29,244,000 | 28,938,000 |
Weighted average shares attributable to deferred compensation plans | 416,000 | 410,000 | 463,000 |
Total weighted average shares - basic | 30,687,000 | 29,654,000 | 29,401,000 |
Composition of diluted outstanding shares | ' | ' | ' |
Weighted average shares outstanding - basic | 30,271,000 | 29,244,000 | 28,938,000 |
Weighted average shares attributable to deferred compensation plans | 628,000 | 664,000 | 694,000 |
Weighted average shares attributable to vested stock options | 151,000 | 88,000 | 152,000 |
Incremental shares from unvested stock options | 27,000 | 14,739 | ' |
Total weighted average shares - diluted | 31,077,000 | 29,996,000 | 29,784,000 |
Incremental weighted average shares attributable to deferred compensation plans | ' | ' | 0 |
Antidilutive outstanding stock options excluded from the weighted average shares outstanding for the diluted earnings per share calculation (in shares) | 157 | ' | 19,412 |
401k_Plan_Details
401(k) Plan (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
401(k) Plan | ' | ' | ' |
Minimum working hours per week required to participate and contribute into a 401(k) plan | '20 hours | ' | ' |
Employer's contribution (as a percent) | 50.00% | ' | ' |
Expense recognized | $1,300,000 | $1,100,000 | $682,000 |
Maximum | ' | ' | ' |
401(k) Plan | ' | ' | ' |
Employer's contribution (as a percent) | 3.00% | ' | ' |
Deferred_Compensation_Plans_De
Deferred Compensation Plans (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Deferred Compensation Plans | ' | ' | ' |
Expenses relating to the deferred compensation plans | $286,000 | $215,000 | $253,000 |
Deferred compensation plan liability | 8,300,000 | 7,200,000 | ' |
Director | ' | ' | ' |
Deferred Compensation Plans | ' | ' | ' |
Employers other than George Mason's contribution (as a percent) | 50.00% | ' | ' |
Employer's matching contribution per employee per year | 0 | ' | ' |
Employee | ' | ' | ' |
Deferred Compensation Plans | ' | ' | ' |
Vesting period | '3 years | ' | ' |
Employee | Maximum | ' | ' | ' |
Deferred Compensation Plans | ' | ' | ' |
Employer's matching contribution per employee per year | 50,000 | ' | ' |
Executive officers | ' | ' | ' |
Deferred Compensation Plans | ' | ' | ' |
Expenses relating to the deferred compensation plans | 210,000 | 2,400,000 | 434,000 |
Deferred compensation plan liability | $7,100,000 | $6,900,000 | ' |
Director_and_Employee_StockBas2
Director and Employee Stock-Based Compensation Plans (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Nov. 23, 2008 | Dec. 31, 1998 | Dec. 31, 2011 | Dec. 31, 2013 |
item | Stock options | Stock options | Stock options | Option Plan | Option Plan | Equity Plan | Equity Plan | |
Stock-based Compensation | ' | ' | ' | ' | ' | ' | ' | ' |
Number of stock-based employee compensation plans | 2 | ' | ' | ' | ' | ' | ' | ' |
Number of shares of common stock reserved for issuance | ' | ' | ' | ' | ' | 625,000 | 3,170,000 | ' |
Number of shares of common stock reserved for issuance before amendment | ' | ' | ' | ' | ' | ' | 2,420,000 | ' |
Increase in number of shares of common stock reserved for issuance | ' | ' | ' | ' | ' | ' | 750,000 | ' |
Number of shares of the company's common stock available for future grants and awards | ' | ' | ' | ' | 0 | ' | ' | 701,818 |
Stock option, number of shares | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding at the beginning of the period (in shares) | ' | 851,358 | 1,832,860 | 2,197,289 | ' | ' | ' | ' |
Granted (in shares) | ' | 278,250 | 63,750 | 153,100 | ' | ' | ' | ' |
Exercised (in shares) | ' | -106,355 | -1,027,702 | -428,779 | ' | ' | ' | ' |
Forfeited (in shares) | ' | -11,700 | -17,550 | -88,750 | ' | ' | ' | ' |
Outstanding at the end of the period (in shares) | ' | 1,011,553 | 851,358 | 1,832,860 | ' | ' | ' | ' |
Options exercisable at the end of the period (in shares) | ' | 722,403 | 682,458 | 1,659,160 | ' | ' | ' | ' |
Stock option, weighted average exercise price | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding at the beginning of the period (in dollars per share) | ' | $10.21 | $9.38 | $8.67 | ' | ' | ' | ' |
Granted (in dollars per share) | ' | $16.23 | $12.11 | $11.20 | ' | ' | ' | ' |
Exercised (in dollars per share) | ' | $8.64 | $8.84 | $6.13 | ' | ' | ' | ' |
Forfeited (in dollars per share) | ' | $10.18 | $10.20 | $10.77 | ' | ' | ' | ' |
Outstanding at the end of the period (in dollars per share) | ' | $12.03 | $10.21 | $9.38 | ' | ' | ' | ' |
Options exercisable at the end of the period (in dollars per share) | ' | $11.15 | $10.19 | $9.38 | ' | ' | ' | ' |
Stock option, weighted average remaining contractual term | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding at the end of the period | ' | '5 years 5 months 8 days | '4 years 8 months 1 day | '4 years 2 months 8 days | ' | ' | ' | ' |
Options exercisable at the end of the period | ' | '4 years 3 months | '3 years 10 months 2 days | '3 years 8 months 26 days | ' | ' | ' | ' |
Stock option, aggregate intrinsic value | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding at the end of the period (in dollars) | ' | $6,025,243 | $5,182,708 | $2,493,627 | ' | ' | ' | ' |
Options exercisable at the end of the period (in dollars) | ' | $4,943,418 | $4,166,600 | $2,250,771 | ' | ' | ' | ' |
Director_and_Employee_StockBas3
Director and Employee Stock-Based Compensation Plans (Details 2) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Information pertaining to stock options outstanding | ' | ' | ' |
Number of Options Outstanding (in shares) | 1,011,553 | ' | ' |
Weighted Average Remaining Contractual Life | '5 years 5 months 8 days | ' | ' |
Weighted Average Exercise Price (in dollars per share) | $12.03 | ' | ' |
Number of Options Exercisable (in shares) | 722,403 | ' | ' |
Weighted Average Exercise Price (in dollars per share) | $11.15 | ' | ' |
Intrinsic value of options exercised (in dollars) | $875,000 | $7,700,000 | $2,000,000 |
Additional stock-based compensation information | ' | ' | ' |
Total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the plans | 1,100,000 | ' | ' |
Expected weighted-average period for recognition of unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the plans | '2 years 6 months | ' | ' |
The total fair value of shares that vested | $765,000 | $216,000 | $681,000 |
Stock options | ' | ' | ' |
Non-vested stock options, number of shares | ' | ' | ' |
Balance at the beginning of the period (in shares) | 168,900 | 173,700 | 211,500 |
Granted (in shares) | 278,250 | 63,750 | 153,100 |
Vested (in shares) | -150,250 | -54,220 | -144,750 |
Forfeited (in shares) | -7,750 | -14,330 | -46,150 |
Balance at the end of the period (in shares) | 289,150 | 168,900 | 173,700 |
Non-vested stock options, weighted average grant date fair value | ' | ' | ' |
Balance at the beginning of the period (in dollars per share) | $4.17 | $3.94 | $3.93 |
Granted (in dollars per share) | $5.83 | $4.65 | $4.84 |
Vested (in dollars per share) | $5.09 | $3.99 | $4.71 |
Forfeited (in dollars per share) | $4.21 | $4.21 | $4.47 |
Balance at the end of the period (in dollars per share) | $5.29 | $4.17 | $3.94 |
$5.95 - $8.28 | ' | ' | ' |
Information pertaining to stock options outstanding | ' | ' | ' |
Exercise price, low end of range (in dollars per share) | $5.95 | ' | ' |
Exercise price, high end of range (in dollars per share) | $8.28 | ' | ' |
Number of Options Outstanding (in shares) | 88,510 | ' | ' |
Weighted Average Remaining Contractual Life | '5 years 1 month 6 days | ' | ' |
Weighted Average Exercise Price (in dollars per share) | $6.45 | ' | ' |
Number of Options Exercisable (in shares) | 72,560 | ' | ' |
Weighted Average Exercise Price (in dollars per share) | $6.52 | ' | ' |
$8.39 - $9.59 | ' | ' | ' |
Information pertaining to stock options outstanding | ' | ' | ' |
Exercise price, low end of range (in dollars per share) | $8.39 | ' | ' |
Exercise price, high end of range (in dollars per share) | $9.59 | ' | ' |
Number of Options Outstanding (in shares) | 62,500 | ' | ' |
Weighted Average Remaining Contractual Life | '1 year 10 months 24 days | ' | ' |
Weighted Average Exercise Price (in dollars per share) | $8.89 | ' | ' |
Number of Options Exercisable (in shares) | 60,700 | ' | ' |
Weighted Average Exercise Price (in dollars per share) | $8.90 | ' | ' |
$9.78 - $10.91 | ' | ' | ' |
Information pertaining to stock options outstanding | ' | ' | ' |
Exercise price, low end of range (in dollars per share) | $9.78 | ' | ' |
Exercise price, high end of range (in dollars per share) | $10.91 | ' | ' |
Number of Options Outstanding (in shares) | 201,224 | ' | ' |
Weighted Average Remaining Contractual Life | '3 years 1 month 6 days | ' | ' |
Weighted Average Exercise Price (in dollars per share) | $10.34 | ' | ' |
Number of Options Exercisable (in shares) | 175,224 | ' | ' |
Weighted Average Exercise Price (in dollars per share) | $10.38 | ' | ' |
$11.03 - $12.65 | ' | ' | ' |
Information pertaining to stock options outstanding | ' | ' | ' |
Exercise price, low end of range (in dollars per share) | $11.03 | ' | ' |
Exercise price, high end of range (in dollars per share) | $12.65 | ' | ' |
Number of Options Outstanding (in shares) | 368,069 | ' | ' |
Weighted Average Remaining Contractual Life | '4 years 6 months | ' | ' |
Weighted Average Exercise Price (in dollars per share) | $11.60 | ' | ' |
Number of Options Exercisable (in shares) | 311,469 | ' | ' |
Weighted Average Exercise Price (in dollars per share) | $11.58 | ' | ' |
$13.00 - $15.02 | ' | ' | ' |
Information pertaining to stock options outstanding | ' | ' | ' |
Exercise price, low end of range (in dollars per share) | $13 | ' | ' |
Exercise price, high end of range (in dollars per share) | $15.02 | ' | ' |
Number of Options Outstanding (in shares) | 68,500 | ' | ' |
Weighted Average Remaining Contractual Life | '9 years 2 months 12 days | ' | ' |
Weighted Average Exercise Price (in dollars per share) | $14.76 | ' | ' |
Number of Options Exercisable (in shares) | 52,350 | ' | ' |
Weighted Average Exercise Price (in dollars per share) | $14.95 | ' | ' |
$15.32 - $17.82 | ' | ' | ' |
Information pertaining to stock options outstanding | ' | ' | ' |
Exercise price, low end of range (in dollars per share) | $15.32 | ' | ' |
Exercise price, high end of range (in dollars per share) | $17.82 | ' | ' |
Number of Options Outstanding (in shares) | 222,750 | ' | ' |
Weighted Average Remaining Contractual Life | '9 years 2 months 12 days | ' | ' |
Weighted Average Exercise Price (in dollars per share) | $16.54 | ' | ' |
Number of Options Exercisable (in shares) | 50,100 | ' | ' |
Weighted Average Exercise Price (in dollars per share) | $16.57 | ' | ' |
Segment_Reporting_Details
Segment Reporting (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
item | |||
Segment Reporting | ' | ' | ' |
Number of business segments | 3 | ' | ' |
Segment reporting | ' | ' | ' |
Net interest income | $92,345 | $91,003 | $79,162 |
Provision for loan losses | -32 | 7,123 | 6,910 |
Non-interest income | 29,911 | 63,392 | 34,333 |
Non-interest expense | 84,603 | 79,317 | 64,465 |
Provision (benefit) for income taxes | 12,175 | 22,658 | 14,122 |
Net income | 25,510 | 45,297 | 27,998 |
Total Assets | 2,894,230 | 3,039,187 | 2,602,716 |
Operating segment | Commercial Banking | ' | ' | ' |
Segment reporting | ' | ' | ' |
Net interest income | 90,563 | 89,472 | 77,456 |
Provision for loan losses | -117 | 6,865 | 6,910 |
Non-interest income | 3,767 | 5,868 | 6,116 |
Non-interest expense | 43,832 | 43,495 | 42,202 |
Provision (benefit) for income taxes | 16,734 | 14,436 | 11,397 |
Net income | 33,881 | 30,544 | 23,063 |
Total Assets | 2,862,039 | 2,954,412 | 2,549,326 |
Operating segment | Mortgage Banking | ' | ' | ' |
Segment reporting | ' | ' | ' |
Net interest income | 2,474 | 2,365 | 2,522 |
Provision for loan losses | 85 | 258 | ' |
Non-interest income | 24,760 | 54,794 | 25,592 |
Non-interest expense | 35,185 | 29,529 | 16,032 |
Provision (benefit) for income taxes | -2,821 | 9,764 | 4,291 |
Net income | -5,215 | 17,608 | 7,791 |
Total Assets | 380,124 | 815,820 | 531,403 |
Operating segment | Wealth Management Services | ' | ' | ' |
Segment reporting | ' | ' | ' |
Non-interest income | 1,337 | 2,623 | 2,552 |
Non-interest expense | 1,580 | 2,656 | 2,610 |
Provision (benefit) for income taxes | -81 | -14 | -29 |
Net income | -162 | -19 | -29 |
Total Assets | 2,266 | 2,693 | 590 |
Other | ' | ' | ' |
Segment reporting | ' | ' | ' |
Net interest income | -692 | -834 | -816 |
Non-interest income | 85 | 176 | 161 |
Non-interest expense | 4,044 | 3,706 | 3,709 |
Provision (benefit) for income taxes | -1,657 | -1,528 | -1,537 |
Net income | -2,994 | -2,836 | -2,827 |
Total Assets | 347,288 | 329,328 | 278,820 |
Intersegment Elimination | ' | ' | ' |
Segment reporting | ' | ' | ' |
Non-interest income | -38 | -69 | -88 |
Non-interest expense | -38 | -69 | -88 |
Total Assets | ($697,487) | ($1,063,066) | ($757,423) |
Financial_Instruments_with_Off2
Financial Instruments with Off Balance Sheet Risk (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Financial Instruments with Off Balance Sheet Risk | ' | ' | ' |
Maximum expiration period of commitments | '1 year | ' | ' |
Financial Instruments with Off Balance Sheet Risk | ' | ' | ' |
Fair value of liability associated with standby letters of credit and commitments to extend credit | $517,000 | $415,000 | ' |
Expense (benefit) related to the reserve for estimated exposure to repurchase loans previously sold to investors | -49,000 | 962,000 | 670,000 |
Commitments to extend credit | ' | ' | ' |
Financial Instruments with Off Balance Sheet Risk | ' | ' | ' |
Financial instruments whose contract amounts represents potential credit risk | 1,486,572,000 | 1,248,766,000 | ' |
Floating rates | ' | ' | ' |
Financial Instruments with Off Balance Sheet Risk | ' | ' | ' |
Financial instruments whose contract amounts represents potential credit risk | 1,300,000,000 | ' | ' |
Standby letters of credit | ' | ' | ' |
Financial Instruments with Off Balance Sheet Risk | ' | ' | ' |
Financial instruments whose contract amounts represents potential credit risk | 28,008,000 | 36,466,000 | ' |
Amounts drawn | 0 | ' | ' |
George Mason | ' | ' | ' |
Financial Instruments with Off Balance Sheet Risk | ' | ' | ' |
Loans repurchased from or settled with investors | 302,000 | 375,000 | ' |
Reserve balance | 261,000 | 628,000 | ' |
Expense (benefit) related to the reserve for estimated exposure to repurchase loans previously sold to investors | -49,000 | 962,000 | 670,000 |
George Mason | Mortgage loan funding | ' | ' | ' |
Financial Instruments with Off Balance Sheet Risk | ' | ' | ' |
Financial instruments whose contract amounts represents potential credit risk | 210,900,000 | ' | ' |
Amounts drawn | 0 | ' | ' |
Cardinal Statutory Trust I | Payment guarantee | ' | ' | ' |
Financial Instruments with Off Balance Sheet Risk | ' | ' | ' |
Guaranteed payment of Statutory Trust 1 debt | $20,000,000 | ' | ' |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
item | |||
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | $349,319,000 | $271,903,000 | ' |
Investment securities - trading | 3,890,000 | 3,151,000 | ' |
Investment securities held-to-maturity | 5,527,000 | 9,019,000 | ' |
Number of pooled trust preferred securities | 2 | ' | ' |
Total par value | 4,000,000 | ' | ' |
Transfer in and out between level 1, level 2 and level 3 | ' | 0 | 0 |
Pooled trust securities reclassified to the available-for-sale investment portfolio | 2,800,000 | ' | ' |
Impairment of pooled trust preferred securities | 300,000 | ' | ' |
Derivatives in fair value hedging relationships | Interest rate swaps | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Number of fixed rate commercial loan hedged | 1 | ' | ' |
Derivatives designated as cash flow hedges | Interest rate swaps | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Number of derivatives | 2 | ' | ' |
U.S. treasury securities | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 5,029,000 | 5,110,000 | ' |
U.S. government-sponsored agencies | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 76,928,000 | 61,533,000 | ' |
Mortgage-backed securities | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 147,829,000 | 118,913,000 | ' |
Investment securities held-to-maturity | 2,617,000 | 3,947,000 | ' |
Municipal securities | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 116,738,000 | 86,347,000 | ' |
Pooled trust preferred securities | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 2,795,000 | ' | ' |
Investment securities held-to-maturity | 2,910,000 | 5,072,000 | ' |
Impairment of pooled trust preferred securities | 300,000 | ' | ' |
Quoted Prices in Active markets for Identical Assets (Level 1) | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 5,029,000 | 5,110,000 | ' |
Significant Other Observable Inputs (Level 2) | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 344,290,000 | 266,793,000 | ' |
Loans receivable - evaluated for impairment | 301,000 | 12,472,000 | ' |
Significant Unobservable Inputs (Level 3) | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Loans receivable - evaluated for impairment | 2,024,534,000 | 1,810,884,000 | ' |
Significant Unobservable Inputs (Level 3) | Loans secured primarily by commercial real estate | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Loans receivable - evaluated for impairment | 2,300,000 | ' | ' |
Number of relationships | 1 | ' | ' |
Significant Unobservable Inputs (Level 3) | Loans primarily secured by business assets | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Loans receivable - evaluated for impairment | 814,000 | ' | ' |
Number of relationships | 1 | ' | ' |
Significant Unobservable Inputs (Level 3) | Loans primarily secured by residence | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Number of relationships | 1 | ' | ' |
Recurring Fair Value Measurements | Balance | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 349,319,000 | 271,903,000 | ' |
Investment securities - trading | 3,890,000 | 3,151,000 | ' |
Loan receivable designated in fair value hedge | ' | 11,652,000 | ' |
Bank-owned life insurance | 32,063,000 | 31,652,000 | ' |
Recurring Fair Value Measurements | Balance | Rate Lock and Forward Loan Sales Commitments | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Derivative liability | 4,052,000 | 4,072,000 | ' |
Derivative asset | 16,478,000 | 26,793,000 | ' |
Recurring Fair Value Measurements | Balance | Interest rate lock commitments | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Derivative liability | 1,554,000 | 91,000 | ' |
Derivative asset | 9,000 | 449,000 | ' |
Recurring Fair Value Measurements | Balance | Interest rate swaps | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Derivative liability | ' | 616,000 | ' |
Recurring Fair Value Measurements | Balance | U.S. treasury securities | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 5,029,000 | 5,110,000 | ' |
Recurring Fair Value Measurements | Balance | U.S. government-sponsored agencies | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 76,928,000 | 61,533,000 | ' |
Recurring Fair Value Measurements | Balance | Mortgage-backed securities | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 147,829,000 | 118,913,000 | ' |
Recurring Fair Value Measurements | Balance | Municipal securities | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 116,738,000 | 86,347,000 | ' |
Recurring Fair Value Measurements | Balance | Pooled trust preferred securities | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 2,795,000 | ' | ' |
Recurring Fair Value Measurements | Quoted Prices in Active markets for Identical Assets (Level 1) | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 5,029,000 | 5,110,000 | ' |
Recurring Fair Value Measurements | Quoted Prices in Active markets for Identical Assets (Level 1) | U.S. treasury securities | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 5,029,000 | 5,110,000 | ' |
Recurring Fair Value Measurements | Significant Other Observable Inputs (Level 2) | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 344,290,000 | 266,793,000 | ' |
Investment securities - trading | 3,890,000 | 3,151,000 | ' |
Loan receivable designated in fair value hedge | ' | 11,652,000 | ' |
Bank-owned life insurance | 32,063,000 | 31,652,000 | ' |
Recurring Fair Value Measurements | Significant Other Observable Inputs (Level 2) | Rate Lock and Forward Loan Sales Commitments | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Derivative liability | 4,052,000 | 4,072,000 | ' |
Derivative asset | 16,478,000 | 26,793,000 | ' |
Recurring Fair Value Measurements | Significant Other Observable Inputs (Level 2) | Interest rate lock commitments | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Derivative liability | 1,554,000 | 91,000 | ' |
Derivative asset | 9,000 | 449,000 | ' |
Recurring Fair Value Measurements | Significant Other Observable Inputs (Level 2) | Interest rate swaps | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Derivative liability | ' | 616,000 | ' |
Recurring Fair Value Measurements | Significant Other Observable Inputs (Level 2) | U.S. government-sponsored agencies | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 76,928,000 | 61,533,000 | ' |
Recurring Fair Value Measurements | Significant Other Observable Inputs (Level 2) | Mortgage-backed securities | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 147,829,000 | 118,913,000 | ' |
Recurring Fair Value Measurements | Significant Other Observable Inputs (Level 2) | Municipal securities | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 116,738,000 | 86,347,000 | ' |
Recurring Fair Value Measurements | Significant Other Observable Inputs (Level 2) | Pooled trust preferred securities | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities available-for-sale | 2,795,000 | ' | ' |
Nonrecurring Fair Value Measurements | Balance | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Loans receivable - evaluated for impairment | 3,378,000 | 8,446,000 | ' |
Nonrecurring Fair Value Measurements | Balance | Pooled trust preferred securities | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities held-to-maturity | 2,910,000 | 5,072,000 | ' |
Nonrecurring Fair Value Measurements | Significant Other Observable Inputs (Level 2) | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Loans receivable - evaluated for impairment | 301,000 | 820,000 | ' |
Nonrecurring Fair Value Measurements | Significant Unobservable Inputs (Level 3) | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Loans receivable - evaluated for impairment | 3,077,000 | 7,626,000 | ' |
Nonrecurring Fair Value Measurements | Significant Unobservable Inputs (Level 3) | Pooled trust preferred securities | ' | ' | ' |
Fair Value Measurements | ' | ' | ' |
Investment securities held-to-maturity | $2,910,000 | $5,072,000 | ' |
Fair_Value_Measurements_Detail1
Fair Value Measurements (Details 2) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Financial assets: | ' | ' |
Investment securities available-for-sale | $349,319,000 | $271,903,000 |
Financial liabilities: | ' | ' |
Demand deposits | 433,749,000 | 351,815,000 |
Other borrowed funds | 475,232,000 | 392,275,000 |
Quoted Prices in Active markets for Identical Assets (Level 1) | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 29,209,000 | 67,140,000 |
Investment securities available-for-sale | 5,029,000 | 5,110,000 |
Accrued interest receivable | 7,939,000 | 7,333,000 |
Financial liabilities: | ' | ' |
Demand deposits | 433,749,000 | 351,815,000 |
Interest checking | 398,136,000 | 347,697,000 |
Money market and statement savings | 475,707,000 | 430,391,000 |
Accrued interest payable | 869,000 | 974,000 |
Significant Other Observable Inputs (Level 2) | ' | ' |
Financial assets: | ' | ' |
Investment securities available-for-sale | 344,290,000 | 266,793,000 |
Investment securities held-to-maturity and other investments | 21,685,000 | 18,249,000 |
Loans held for sale | 373,993,000 | 785,751,000 |
Loans receivable, net | 301,000 | 12,472,000 |
Financial liabilities: | ' | ' |
Certificates of deposit | 756,191,000 | 1,124,235,000 |
Other borrowed funds | 491,236,000 | 418,808,000 |
Significant Unobservable Inputs (Level 3) | ' | ' |
Financial assets: | ' | ' |
Investment securities held-to-maturity and other investments | 2,910,000 | 5,072,000 |
Loans receivable, net | 2,024,534,000 | 1,810,884,000 |
Carrying Amount | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 29,209,000 | 67,140,000 |
Investment securities available-for-sale | 349,319,000 | 271,903,000 |
Investment securities held-to-maturity and other investments | 25,545,000 | 25,668,000 |
Loans held for sale | 373,993,000 | 785,751,000 |
Loans receivable, net | 2,012,304,000 | 1,776,029,000 |
Accrued interest receivable | 7,939,000 | 7,333,000 |
Financial liabilities: | ' | ' |
Demand deposits | 433,749,000 | 351,815,000 |
Interest checking | 398,136,000 | 347,697,000 |
Money market and statement savings | 475,707,000 | 430,391,000 |
Certificates of deposit | 751,267,000 | 1,113,855,000 |
Other borrowed funds | 475,232,000 | 392,275,000 |
Accrued interest payable | 869,000 | 974,000 |
Estimated Fair Value | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 29,209,000 | 67,140,000 |
Investment securities available-for-sale | 349,319,000 | 271,903,000 |
Investment securities held-to-maturity and other investments | 24,595,000 | 23,321,000 |
Loans held for sale | 373,993,000 | 785,751,000 |
Loans receivable, net | 2,024,835,000 | 1,823,356,000 |
Accrued interest receivable | 7,939,000 | 7,333,000 |
Financial liabilities: | ' | ' |
Demand deposits | 433,749,000 | 351,815,000 |
Interest checking | 398,136,000 | 347,697,000 |
Money market and statement savings | 475,707,000 | 430,391,000 |
Certificates of deposit | 756,191,000 | 1,124,235,000 |
Other borrowed funds | 491,236,000 | 418,808,000 |
Accrued interest payable | $869,000 | $974,000 |
Parent_Company_Only_Financial_2
Parent Company Only Financial Statements (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Assets | ' | ' | ' | ' |
Cash and cash equivalents | $29,209,000 | $67,140,000 | $37,139,000 | $25,868,000 |
Investment securities - Trading | 3,890,000 | 3,151,000 | ' | ' |
Other investments | 19,068,000 | 14,302,000 | ' | ' |
Premises and equipment, net | 20,389,000 | 19,192,000 | ' | ' |
Goodwill | 10,144,000 | 10,144,000 | ' | ' |
Total assets | 2,894,230,000 | 3,039,187,000 | 2,602,716,000 | ' |
Liabilities and Shareholders' Equity | ' | ' | ' | ' |
Total liabilities | 2,573,698,000 | 2,731,121,000 | ' | ' |
Shareholders' equity: | ' | ' | ' | ' |
Total shareholders' equity | 320,532,000 | 308,066,000 | 257,817,000 | 222,902,000 |
Total liabilities and shareholders' equity | 2,894,230,000 | 3,039,187,000 | ' | ' |
Parent company | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash and cash equivalents | 4,311,000 | 7,141,000 | 6,639,000 | 14,522,000 |
Investment securities - Trading | 3,890,000 | 3,151,000 | ' | ' |
Other investments | 113,000 | 113,000 | ' | ' |
Investment in subsidiaries | 333,076,000 | 315,367,000 | ' | ' |
Premises and equipment, net | 632,000 | 671,000 | ' | ' |
Goodwill | 24,000 | 24,000 | ' | ' |
Other assets | 5,242,000 | 2,861,000 | ' | ' |
Total assets | 347,288,000 | 329,328,000 | ' | ' |
Liabilities and Shareholders' Equity | ' | ' | ' | ' |
Debt to Cardinal Statutory Trust I | 20,619,000 | 20,619,000 | ' | ' |
Other liabilities | 6,137,000 | 643,000 | ' | ' |
Total liabilities | 26,756,000 | 21,262,000 | ' | ' |
Shareholders' equity: | ' | ' | ' | ' |
Total shareholders' equity | 320,532,000 | 308,066,000 | ' | ' |
Total liabilities and shareholders' equity | $347,288,000 | $329,328,000 | ' | ' |
Parent_Company_Only_Financial_3
Parent Company Only Financial Statements (Details 2) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income: | ' | ' | ' |
Net interest expense | $92,345 | $91,003 | $79,162 |
Other income (loss) | 43 | -6 | 14 |
Net loss before income taxes and equity in undistributed earnings of subsidiaries | 37,685 | 67,955 | 42,120 |
Income tax benefit | 12,175 | 22,658 | 14,122 |
Net income | 25,510 | 45,297 | 27,998 |
Parent company | ' | ' | ' |
Income: | ' | ' | ' |
Net interest expense | -692 | -834 | -816 |
Net realized and unrealized trading losses | 68 | 158 | 144 |
Other income (loss) | 17 | 18 | 17 |
Total income (loss) | -607 | -658 | -655 |
Expense - general and administrative | 4,044 | 3,706 | 3,709 |
Net loss before income taxes and equity in undistributed earnings of subsidiaries | -4,651 | -4,364 | -4,364 |
Income tax benefit | -1,657 | -1,528 | -1,537 |
Equity in undistributed earnings of subsidiaries | 28,504 | 48,133 | 30,825 |
Net income | $25,510 | $45,297 | $27,998 |
Parent_Company_Only_Financial_4
Parent Company Only Financial Statements (Details 3) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ' | ' | ' |
Depreciation | $3,196 | $2,669 | $2,517 |
Proceeds from sale of investment securities - trading | ' | ' | 743 |
Purchase of investment securities - trading | -1,707 | -1,174 | -1,182 |
Unrealized gain on investment securities - trading | -68 | -158 | -144 |
Net cash provided by (used in) operating activities | 445,280 | -207,840 | -288,455 |
Cash flows from financing activities: | ' | ' | ' |
Dividends on common stock | -6,964 | -5,892 | -3,474 |
Stock options exercised | 1,084 | 9,090 | 2,627 |
Net cash provided by (used in) financing activities | -152,809 | 379,276 | 516,969 |
Net increase (decrease) in cash and cash equivalents | -37,931 | 30,001 | 11,271 |
Cash and cash equivalents at beginning of year | 67,140 | 37,139 | 25,868 |
Cash and cash equivalents at end of year | 29,209 | 67,140 | 37,139 |
Parent company | ' | ' | ' |
Cash flows from operating activities: | ' | ' | ' |
Net income | 25,510 | 45,297 | 27,998 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ' | ' | ' |
Equity in undistributed earnings of subsidiaries | -28,504 | -48,133 | -30,825 |
Depreciation | 39 | 42 | 44 |
Proceeds from sale of investment securities - trading | ' | ' | 743 |
Purchase of investment securities - trading | -1,707 | -1,174 | -1,182 |
Unrealized gain on investment securities - trading | -68 | -158 | -144 |
Increase (decrease) in other assets and liabilities | 7,782 | 1,430 | -3,670 |
Net cash provided by (used in) operating activities | 3,050 | -2,696 | -7,036 |
Cash flows from financing activities: | ' | ' | ' |
Dividends on common stock | -6,964 | -5,892 | -3,474 |
Stock options exercised | 1,084 | 9,090 | 2,627 |
Net cash provided by (used in) financing activities | -5,880 | 3,198 | -847 |
Net increase (decrease) in cash and cash equivalents | -2,830 | 502 | -7,883 |
Cash and cash equivalents at beginning of year | 7,141 | 6,639 | 14,522 |
Cash and cash equivalents at end of year | $4,311 | $7,141 | $6,639 |
Other_Operating_Expenses_Detai
Other Operating Expenses (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Other Operating Expenses | ' | ' | ' |
Stationary and supplies | $1,808 | $1,693 | $1,183 |
Other taxes | 624 | 467 | 284 |
Travel and entertainment | 764 | 763 | 632 |
Premises and equipment | 4,164 | 3,524 | 2,669 |
Business memberships | 500 | 447 | 328 |
Employment services | 141 | 253 | 172 |
Board of directors expenses | 698 | 538 | 575 |
Loan expense | 589 | 454 | 463 |
Miscellaneous | 3,944 | 3,236 | 2,106 |
Total other operating expense | $13,232 | $11,375 | $8,412 |
Subsequent_Events_Details
Subsequent Events (Details) (Subsequent event, USD $) | 0 Months Ended | |
In Billions, except Per Share data, unless otherwise specified | Jan. 16, 2014 | Mar. 08, 2014 |
UFBC | TBB | |
Cardinal Bank | ||
item | ||
Subsequent events | ' | ' |
Cash paid to UFBC shareholders in exchange for each share of UFBC common stock (in dollars per share) | $19.13 | ' |
Number of shares paid to UFBC shareholders in exchange for each share of UFBC common stock | $1.15 | ' |
Number of banking locations added | ' | 8 |
Total purchase price | $53.60 | ' |