Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 01, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'MetroCorp Bancshares, Inc. | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 18,699,121 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001068300 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (Unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $29,963 | $31,203 |
Federal funds sold and other short-term investments | 137,527 | 128,246 |
Total cash and cash equivalents | 167,490 | 159,449 |
Interest-bearing time deposits in banks | 15,616 | 15,321 |
Securities available-for-sale, at fair value | 145,344 | 119,422 |
Securities available-for-sale pledged with creditors’ right to repledge, at fair value | 38,313 | 44,626 |
Total securities available-for-sale | 183,657 | 164,048 |
Securities held-to-maturity (fair value $8,108 and $4,757 at September 30, 2013 and December 31, 2012, respectively) | 7,788 | 4,046 |
Other investments | 5,702 | 5,592 |
Loans, net of allowance for loan losses of $20,800 and $24,592 at September 30, 2013 and December 31, 2012, respectively | 1,163,864 | 1,075,745 |
Loans held-for-sale | 160 | ' |
Accrued interest receivable | 3,753 | 4,120 |
Premises and equipment, net | 3,788 | 4,046 |
Goodwill | 14,327 | 14,327 |
Deferred tax asset, net | 15,327 | 13,110 |
Customers' liability on acceptances | 5,828 | 7,045 |
Foreclosed assets, net | 9,373 | 12,555 |
Cash value of bank owned life insurance | 33,721 | 32,794 |
Prepaid FDIC assessment | ' | 3,439 |
Other assets | 4,055 | 4,175 |
Total assets | 1,634,449 | 1,519,812 |
Deposits: | ' | ' |
Noninterest-bearing | 330,067 | 309,696 |
Interest-bearing | 1,022,401 | 957,334 |
Total deposits | 1,352,468 | 1,267,030 |
Junior subordinated debentures | 36,083 | 36,083 |
Other borrowings | 46,000 | 25,000 |
Accrued interest payable | 280 | 233 |
Acceptances outstanding | 5,828 | 7,045 |
Other liabilities | 13,672 | 7,390 |
Total liabilities | 1,454,331 | 1,342,781 |
Shareholders' equity: | ' | ' |
Common stock, $1.00 par value, 50,000,000 shares authorized; 18,776,765 and 18,766,765 shares issued and 18,699,638 and 18,746,385 shares outstanding at September 30, 2013 and December 31, 2012, respectively | 18,777 | 18,767 |
Additional paid-in-capital | 75,164 | 74,998 |
Retained earnings | 91,403 | 82,881 |
Accumulated other comprehensive (loss) income | -4,466 | 567 |
Treasury stock, at cost, 77,127 and 20,380 shares at September 30, 2013 and December 31, 2012, respectively | -760 | -182 |
Total shareholders' equity | 180,118 | 177,031 |
Total liabilities and shareholders' equity | $1,634,449 | $1,519,812 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Fair value (in Dollars) | $8,108 | $4,757 |
Net of allowance for loan losses (in Dollars) | $20,800 | $24,592 |
Common stock, par value (in Dollars per share) | $1 | $1 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Common stock, shares issued | 18,776,765 | 18,766,765 |
Common stock, shares outstanding | 18,699,638 | 18,746,385 |
Treasury stock, shares | 77,127 | 20,380 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Interest income: | ' | ' | ' | ' | ||||
Loans | $14,695 | $14,593 | $42,530 | $44,346 | ||||
Securities: | ' | ' | ' | ' | ||||
Taxable | 892 | 1,020 | 2,530 | 3,051 | ||||
Tax-exempt | 186 | 145 | 499 | 407 | ||||
Other investments | 70 | 42 | 184 | 129 | ||||
Federal funds sold and other short-term investments (1) | 218 | [1] | 229 | [1] | 610 | [1] | 675 | [1] |
Total interest income | 16,061 | 16,029 | 46,353 | 48,608 | ||||
Interest expense: | ' | ' | ' | ' | ||||
Time deposits | 1,361 | 1,288 | 3,896 | 4,194 | ||||
Demand and savings deposits | 376 | 508 | 1,192 | 1,729 | ||||
Junior subordinated debentures | 328 | 338 | 973 | 1,007 | ||||
Other borrowings | 305 | 247 | 798 | 741 | ||||
Total interest expense | 2,370 | 2,381 | 6,859 | 7,671 | ||||
Net interest income | 13,691 | 13,648 | 39,494 | 40,937 | ||||
(Reduction in) provision for loan losses | -655 | -300 | -1,130 | 300 | ||||
Net interest income after provision for loan losses | 14,346 | 13,948 | 40,624 | 40,637 | ||||
Noninterest income: | ' | ' | ' | ' | ||||
Service fees | 1,002 | 1,099 | 2,913 | 3,347 | ||||
Loan-related fees | 125 | 139 | 424 | 326 | ||||
Letters of credit commissions and fees | 166 | 197 | 540 | 584 | ||||
(Loss) gain on securities, net | -4 | 24 | 33 | 108 | ||||
Total other-than-temporary impairments (“OTTIâ€) on securities | -36 | -14 | -129 | -101 | ||||
Less: Noncredit portion of OTTI | -27 | -7 | -54 | -17 | ||||
Net impairment on securities | -9 | -7 | -75 | -84 | ||||
Gain on sale of loans | 487 | ' | 558 | ' | ||||
Other noninterest income | 322 | 420 | 1,290 | 1,154 | ||||
Total noninterest income | 2,089 | 1,872 | 5,683 | 5,435 | ||||
Noninterest expense: | ' | ' | ' | ' | ||||
Salaries and employee benefits | 6,017 | 6,016 | 18,242 | 17,934 | ||||
Occupancy and equipment | 1,649 | 1,792 | 4,977 | 5,224 | ||||
Foreclosed assets, net | 309 | 552 | -450 | 1,915 | ||||
FDIC assessment | 486 | 480 | 1,463 | 1,362 | ||||
Other noninterest expense | 3,017 | 2,689 | 8,256 | 7,339 | ||||
Total noninterest expense | 11,478 | 11,529 | 32,488 | 33,774 | ||||
Income before provision for income taxes | 4,957 | 4,291 | 13,819 | 12,298 | ||||
Provision for income taxes | 1,509 | 1,410 | 4,548 | 4,023 | ||||
Net income | 3,448 | 2,881 | 9,271 | 8,275 | ||||
Dividends and discount – preferred stock | ' | -20 | ' | -1,429 | ||||
One-time adjustment from repurchase of preferred stock | ' | -149 | ' | 557 | ||||
Net income available to common shareholders | $3,448 | $2,712 | $9,271 | $7,403 | ||||
Earnings per common share: | ' | ' | ' | ' | ||||
Basic (in Dollars per share) | $0.19 | $0.15 | $0.50 | $0.47 | ||||
Diluted (in Dollars per share) | $0.18 | $0.15 | $0.49 | $0.47 | ||||
Weighted average shares outstanding: | ' | ' | ' | ' | ||||
Basic (in Shares) | 18,417 | 18,307 | 18,372 | 15,666 | ||||
Diluted (in Shares) | 18,814 | 18,648 | 18,757 | 15,876 | ||||
Dividends per common share (in Dollars per share) | $0.02 | ' | $0.04 | ' | ||||
[1] | Includes interest-bearing time deposits in banks |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Net income | $3,448 | $2,881 | $9,271 | $8,275 |
Other comprehensive income, net of taxes: | ' | ' | ' | ' |
Change in accumulated gain (loss) on effective cash flow hedging derivatives | 56 | 8 | 287 | 42 |
Securities with OTTI charges during the period | -23 | -9 | -82 | -65 |
Less: OTTI charges recognized in net income | -7 | -4 | -48 | -54 |
Net unrealized losses on investment securities with OTTI | -16 | -5 | -34 | -11 |
Unrealized holding (loss) gain on investment securities arising during the period | -594 | 623 | -5,265 | 1,126 |
Less: reclassification adjustment for (loss) gain included in net income | -3 | 15 | 21 | 69 |
Net unrealized (losses) gains on investment securities | -591 | 608 | -5,286 | 1,057 |
Other comprehensive (loss) income, net of taxes | -551 | 611 | -5,033 | 1,088 |
Total comprehensive income | $2,897 | $3,492 | $4,238 | $9,363 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Treasury Stock [Member] | Total |
In Thousands | ||||||
Balance at Dec. 31, 2012 | $18,767 | $74,998 | $82,881 | $567 | ($182) | $177,031 |
Balance (in Shares) at Dec. 31, 2012 | 18,767 | ' | ' | ' | ' | ' |
Issuance of common stock | 10 | 94 | ' | ' | ' | 104 |
Issuance of common stock (in Shares) | 10 | ' | ' | ' | ' | ' |
Repurchase of common stock | ' | ' | ' | ' | -578 | -578 |
Stock-based compensation expense related to stock options recognized in earnings | ' | 72 | ' | ' | ' | 72 |
Net income | ' | ' | 9,271 | ' | ' | 9,271 |
Other comprehensive loss | ' | ' | ' | -5,033 | ' | -5,033 |
Dividends – common stock ($0.04 per share) | ' | ' | -749 | ' | ' | -749 |
Balance at Sep. 30, 2013 | $18,777 | $75,164 | $91,403 | ($4,466) | ($760) | $180,118 |
Balance (in Shares) at Sep. 30, 2013 | 18,777 | ' | ' | ' | ' | ' |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Dividends – common stock, per share | $0.04 |
Condensed_Consolidated_Stateme4
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Net income | $9,271 | $8,275 |
Depreciation | 687 | 792 |
(Reduction in) provision for loan losses | -1,130 | 300 |
Impairment on securities | 75 | 84 |
Gain on securities transactions, net | -33 | -108 |
(Gain) loss on writedown and sale of foreclosed assets | -912 | 944 |
Loss on sale of premises and equipment | 6 | ' |
Gain on sale of loans | -558 | ' |
Amortization of premiums and discounts on securities, net | 535 | 330 |
Amortization of deferred loan fees and discounts | -889 | -858 |
Amortization of core deposit intangibles | 28 | 42 |
Stock-based compensation | 72 | 60 |
Changes in: | ' | ' |
Accrued interest receivable | 367 | 389 |
Other assets | 3,499 | -1,781 |
Accrued interest payable | 47 | -52 |
Other liabilities | 6,194 | 8,214 |
Net cash provided by operating activities | 17,259 | 16,631 |
Net change in interest-bearing deposits in banks | -295 | ' |
Purchases of securities available-for-sale | -53,026 | -105,708 |
Purchases of securities held-to-maturity | -3,746 | ' |
Purchases of other investments | -649 | -2 |
Proceeds from maturities, calls, and principal paydowns of securities available-for-sale | 24,695 | 101,146 |
Proceeds from sales and maturities of other investments | 360 | 711 |
Net change in loans | -92,640 | -60,259 |
Proceeds from sale of foreclosed assets | 11,032 | 15,958 |
Purchases of premises and equipment | -435 | -290 |
Net cash used in investing activities | -114,704 | -48,444 |
Net change in: | ' | ' |
Deposits | 85,438 | 13,482 |
Other borrowings | 21,000 | -315 |
Proceeds from issuance of common stock | ' | 45,969 |
Repurchase of common stock | -578 | -145 |
Repurchase of preferred stock | ' | -44,443 |
Cash dividends paid on preferred stock | ' | -1,433 |
Cash dividends paid on common stock | -374 | ' |
Net cash provided by financing activities | 105,486 | 13,115 |
Net increase (decrease) in cash and cash equivalents | 8,041 | -18,698 |
Cash and cash equivalents at beginning of period | 159,449 | 193,609 |
Cash and cash equivalents at end of period | 167,490 | 174,911 |
Supplemental information: | ' | ' |
Interest paid | 6,812 | 7,723 |
Income taxes paid | 2,450 | 3,482 |
Noncash investing and financing activities: | ' | ' |
Issuance of common stock – restricted shares | 104 | 3,024 |
Foreclosed assets acquired | 6,938 | 5,799 |
Loans originated to finance foreclosed assets | $6,120 | $6,501 |
Note_1_Basis_of_Presentation
Note 1 - Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies [Text Block] | ' |
1. BASIS OF PRESENTATION | |
The unaudited condensed consolidated financial statements include the accounts of MetroCorp Bancshares, Inc. (the “Company”) and wholly-owned subsidiaries, MetroBank, National Association (“MetroBank”) and Metro United Bank (“Metro United”), in Texas and California, respectively (collectively, the “Banks”). MetroBank is engaged in commercial banking activities through its thirteen branches in the greater Houston and Dallas, Texas metropolitan areas, and Metro United is engaged in commercial banking activities through its six branches in the San Diego, Los Angeles and San Francisco, California metropolitan areas. All significant intercompany accounts and transactions have been eliminated in consolidation. Certain principles which significantly affect the determination of financial position, results of operations and cash flows are summarized below. | |
A legal entity is referred to as a Variable Interest Entity (“VIE”) if any of the following conditions exist: (1) the total equity at risk is insufficient to permit the legal entity to finance its activities without additional subordinated financial support from other parties, or (2) the entity has equity investors that cannot make significant decisions about the entity’s operations or that do not absorb their proportionate share of the expected losses or receive the expected returns of the entity. In addition, as specified in VIE accounting guidance, a VIE must be consolidated by the Company if it is deemed to be the primary beneficiary of the VIE. The primary beneficiary is the party that has both (1) the power to direct the activities of an entity that most significantly impact the VIE’s economic performance, and (2) through its interests in the VIE, the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. All facts and circumstances are taken into consideration when determining whether the Company has variable interest that would deem it the primary beneficiary and, therefore, require consolidation of the related VIE or otherwise rise to the level where disclosure would provide useful information to the users of the Company’s financial statements. In the case of the Company’s sole VIE, MCBI Statutory Trust I, it is qualitatively clear based on the extent of the Company’s involvement that the Company is not the primary beneficiary of the VIE. Accordingly, the accounts of this entity are not consolidated in the Company’s financial statements. | |
The accompanying unaudited condensed consolidated financial statements were prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions for Form 10-Q. In the opinion of management, the unaudited condensed consolidated financial statements reflect all adjustments, consisting only of normal and recurring adjustments, necessary for a fair statement of the Company’s financial position at September 30, 2013, results of operations for the three and nine months ended September 30, 2013 and 2012, and cash flows for the nine months ended September 30, 2013 and 2012. Interim period results are not necessarily indicative of results for a full year period. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. generally accepted accounting principles. | |
Certain items in prior financial statements have been reclassified to conform to the 2013 presentation, with no impact on the balance sheet, net income, shareholders’ equity or cash flows. | |
These unaudited financial statements and the notes thereto should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. |
Note_2_Securities
Note 2 - Securities | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Investments Schedule [Abstract] | ' | ||||||||||||||||||||||||
Investment [Text Block] | ' | ||||||||||||||||||||||||
2. SECURITIES | |||||||||||||||||||||||||
The amortized cost and approximate fair value of securities is as follows: | |||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||
Amortized | Unrealized | Fair | |||||||||||||||||||||||
Cost | Gains | Losses | OTTI | Value | |||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Securities available-for-sale | |||||||||||||||||||||||||
Debt securities | |||||||||||||||||||||||||
U.S. Treasury and other U.S. government sponsored enterprises and agencies | $ | 86,395 | $ | - | $ | (4,649 | ) | $ | - | $ | 81,746 | ||||||||||||||
Obligations of state and political subdivisions | 17,899 | 156 | (912 | ) | - | 17,143 | |||||||||||||||||||
Corporate | 6,063 | 216 | - | - | 6,279 | ||||||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | |||||||||||||||||||||||||
Government issued or guaranteed | 63,874 | 782 | (929 | ) | - | 63,727 | |||||||||||||||||||
Privately issued residential | 588 | 379 | - | (299 | ) | 668 | |||||||||||||||||||
Asset backed securities | 152 | 143 | - | (152 | ) | 143 | |||||||||||||||||||
Equity Securities | |||||||||||||||||||||||||
Community Reinvestment Act (“CRA”) funds | 14,352 | - | (401 | ) | - | 13,951 | |||||||||||||||||||
Total available-for-sale securities | $ | 189,323 | $ | 1,676 | $ | (6,891 | ) | $ | (451 | ) | $ | 183,657 | |||||||||||||
Securities held-to-maturity | |||||||||||||||||||||||||
Obligations of state and political subdivisions | $ | 7,788 | $ | 372 | $ | (52 | ) | $ | - | $ | 8,108 | ||||||||||||||
Total held-to-maturity securities | $ | 7,788 | $ | 372 | $ | (52 | ) | $ | - | $ | 8,108 | ||||||||||||||
Other investments | |||||||||||||||||||||||||
Federal Home Loan Bank (“FHLB”)(1)/Federal Reserve Bank stock (2) | $ | 4,619 | $ | - | $ | - | $ | - | $ | 4,619 | |||||||||||||||
Investment in subsidiary trust (3) | 1,083 | - | - | - | 1,083 | ||||||||||||||||||||
Total other investments | $ | 5,702 | $ | - | $ | - | $ | - | $ | 5,702 | |||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||
Amortized | Unrealized | Fair | |||||||||||||||||||||||
Cost | Gains | Losses | OTTI | Value | |||||||||||||||||||||
Securities available-for-sale | |||||||||||||||||||||||||
Debt securities | |||||||||||||||||||||||||
U.S. Treasury and other U.S. government sponsored enterprises and agencies | $ | 70,892 | $ | 362 | $ | (73 | ) | $ | — | $ | 71,181 | ||||||||||||||
Obligations of state and political subdivisions | 12,810 | 579 | — | — | 13,389 | ||||||||||||||||||||
Corporate | 6,080 | 270 | — | — | 6,350 | ||||||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations: | |||||||||||||||||||||||||
Government issued or guaranteed | 56,572 | 1,369 | — | — | 57,941 | ||||||||||||||||||||
Privately issued residential | 718 | 330 | — | (365 | ) | 683 | |||||||||||||||||||
Asset backed securities | 187 | 129 | — | (173 | ) | 143 | |||||||||||||||||||
Equity securities | |||||||||||||||||||||||||
Investment in CRA funds | 14,128 | 233 | — | — | 14,361 | ||||||||||||||||||||
Total available-for-sale securities | $ | 161,387 | $ | 3,272 | $ | (73 | ) | $ | (538 | ) | $ | 164,048 | |||||||||||||
Securities held-to-maturity | |||||||||||||||||||||||||
Obligations of state and political subdivisions | $ | 4,046 | $ | 711 | $ | — | $ | — | $ | 4,757 | |||||||||||||||
Total held-to-maturity securities | $ | 4,046 | $ | 711 | $ | — | $ | — | $ | 4,757 | |||||||||||||||
Other investments | |||||||||||||||||||||||||
FHLB (1)/Federal Reserve Bank (2) stock | 4,509 | — | — | — | 4,509 | ||||||||||||||||||||
Investment in subsidiary trust (3) | 1,083 | — | — | — | 1,083 | ||||||||||||||||||||
Total other investments | $ | 5,592 | $ | — | $ | — | $ | — | $ | 5,592 | |||||||||||||||
-1 | FHLB stock held by the Banks is subject to certain restrictions under the membership requirements of the FHLB. Redemption of FHLB stock is dependent upon repayment of borrowings, if any, from the FHLB. | ||||||||||||||||||||||||
-2 | Federal Reserve Bank stock held by MetroBank is subject to certain restrictions under Federal Reserve Bank Policy. | ||||||||||||||||||||||||
-3 | The Company’s ownership of common securities of MCBI Trust I is carried at cost. | ||||||||||||||||||||||||
The following table displays the fair value and gross unrealized losses on securities available-for-sale as of September 30, 2013 and December 31, 2012 for which other-than-temporary impairments (“OTTI”) has not been recognized, that were in a continuous unrealized loss position for the periods indicated. There were no securities held-to-maturity in a continuous unrealized loss position as of December 31, 2012. | |||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||
Less Than 12 Months | Greater Than 12 Months | Total | |||||||||||||||||||||||
Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Securities available-for-sale | |||||||||||||||||||||||||
U.S. Treasury and other U.S. government sponsored enterprises and agencies | $ | 81,747 | $ | (4,649 | ) | $ | — | $ | — | $ | 81,747 | $ | (4,649 | ) | |||||||||||
Obligations of state and political subdivisions | 14,161 | (912 | ) | — | — | 14,161 | (912 | ) | |||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | |||||||||||||||||||||||||
Government issued or guaranteed | 35,108 | (929 | ) | — | — | 35,108 | (929 | ) | |||||||||||||||||
Privately issued residential | 17 | — | — | — | 17 | — | |||||||||||||||||||
CRA funds | 13,951 | (401 | ) | 13,951 | (401 | ) | |||||||||||||||||||
Total available-for-sale securities | $ | 144,984 | $ | (6,891 | ) | $ | — | $ | — | $ | 144,984 | $ | (6,891 | ) | |||||||||||
Securities held-to-maturity | |||||||||||||||||||||||||
Obligations of state and political subdivisions | $ | 2,158 | $ | (52 | ) | $ | — | $ | — | $ | 2,158 | $ | (52 | ) | |||||||||||
Total held-to-maturity securities | $ | 2,158 | $ | (52 | ) | $ | — | $ | — | $ | 2,158 | $ | (52 | ) | |||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||
Less Than 12 Months | Greater Than 12 Months | Total | |||||||||||||||||||||||
Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Securities available-for-sale | |||||||||||||||||||||||||
U.S. Treasury and other U.S. government sponsored enterprises and agencies | $ | 9,921 | $ | (73 | ) | $ | — | $ | — | $ | 9,921 | $ | (73 | ) | |||||||||||
Mortgage-backed securities and collateralized mortgage obligations | |||||||||||||||||||||||||
Privately issued residential | — | — | 72 | — | 72 | — | |||||||||||||||||||
Total securities | $ | 9,921 | $ | (73 | ) | $ | 72 | $ | — | $ | 9,993 | $ | (73 | ) | |||||||||||
As of September 30, 2013, management did not have the intent to sell any of the securities classified as available-for-sale in unrealized loss positions and believes it is not more likely than not that the Company will have to sell any such securities before a recovery of the cost. However, if strategic opportunities arise, the Company may consider selling selected securities. Any unrealized losses on such selected securities would be charged to earnings. | |||||||||||||||||||||||||
The unrealized losses are largely due to increases in the market interest rates over the yields available at the time the underlying securities were purchased. The fair value is expected to recover as the securities approach their maturity date or repricing date or if market yields for such securities decline. Management does not believe any of the unrealized losses above are due to credit quality. Accordingly, management believes the $6.9 million of unrealized losses of available-for-sale securities and the $52,000 of unrealized losses of held-to-maturity securities as of September 30, 2013 is temporary and the remaining $451,000 of OTTI as of September 30, 2013 represents unrealized losses for which an impairment has been recognized in other comprehensive loss. | |||||||||||||||||||||||||
Other-Than-Temporary Impairments (OTTI) | |||||||||||||||||||||||||
The following table presents a rollforward for the three and nine months ended September 30, 2013, of the credit loss component of OTTI losses that have been recognized in earnings related to debt securities that the Company does not intend to sell. | |||||||||||||||||||||||||
Impairment related to credit losses | |||||||||||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Credit losses at beginning of period | $ | 1,748 | $ | 1,716 | |||||||||||||||||||||
Additions to OTTI that were not previously recognized | 3 | 3 | |||||||||||||||||||||||
Additions to OTTI that was previously recognized when there is no intent to sell and no requirement to sell before recovery of the amortized cost basis | 4 | 4 | |||||||||||||||||||||||
Transfers from accumulated other comprehensive income (loss) to OTTI related to credit losses | 3 | 35 | |||||||||||||||||||||||
Credit losses at end of period | $ | 1,758 | $ | 1,758 | |||||||||||||||||||||
For the nine months ended September 30, 2013, credit-related losses of $30,000 on five non-agency residential mortgage-backed securities and $11,000 on one asset-backed security were recognized. There were no credit-related impairments included in accumulated other comprehensive income (loss) for the three or nine months ended September 30, 2013. | |||||||||||||||||||||||||
To measure credit losses, external credit ratings and other relevant collateral details and performance statistics on a security-by-security basis were considered. Securities exhibiting significant deterioration are subjected to further analysis. Assumptions were developed for prepayment speed, default rate, and loss severity for each security using third party sources and based on the collateral history. The resulting projections of future cash flows of the underlying collateral were then discounted by the underlying yield before any write-downs were considered to determine the net present value of the cash flows (“NPV”). The difference between the cost basis and the NPV was taken as a credit loss in the current period to the extent that these losses have not been previously recognized. The difference between the NPV and the quoted market price is considered a noncredit related loss and was included in other comprehensive income (loss). | |||||||||||||||||||||||||
Other Securities Information | |||||||||||||||||||||||||
There were no sales of available-for-sale securities or sales or transfers of held-to-maturity securities for the nine months ended September 30, 2013 or 2012. | |||||||||||||||||||||||||
At September 30, 2013, future contractual maturities of debt securities were as follows (in thousands): | |||||||||||||||||||||||||
Securities | Securities | ||||||||||||||||||||||||
Available-for-sale | Held-to-maturity | ||||||||||||||||||||||||
Amortized | Fair | Amortized | Fair | ||||||||||||||||||||||
Cost | Value | Cost | Value | ||||||||||||||||||||||
Within one year | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Within two to five years | 20,053 | 20,088 | — | — | |||||||||||||||||||||
Within six to ten years | 73,188 | 68,785 | — | — | |||||||||||||||||||||
After ten years | 17,268 | 16,438 | 7,788 | 8,108 | |||||||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | 64,462 | 64,395 | — | — | |||||||||||||||||||||
Total debt securities | $ | 174,971 | $ | 169,706 | $ | 7,788 | $ | 8,108 | |||||||||||||||||
The Company holds mortgage-backed securities which may mature at an earlier date than the contractual maturity due to prepayments. The Company also holds certain securities which may be called by the issuer at an earlier date than the contractual maturity date. |
Note_3_Loans
Note 3 - Loans | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||
3. LOANS | |||||||||||||||||||||||||||||
The loan portfolio is classified by major type as follows: | |||||||||||||||||||||||||||||
As of September 30, 2013 | As of December 31, 2012 | ||||||||||||||||||||||||||||
Amount | Percent | Amount | Percent | ||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 439,420 | 37 | % | $ | 383,641 | 34.78 | % | |||||||||||||||||||||
Real estate mortgage | |||||||||||||||||||||||||||||
Residential | 39,998 | 3.37 | 36,807 | 3.34 | |||||||||||||||||||||||||
Commercial | 694,980 | 58.52 | 665,244 | 60.32 | |||||||||||||||||||||||||
734,978 | 61.89 | 702,051 | 63.66 | ||||||||||||||||||||||||||
Real estate construction | |||||||||||||||||||||||||||||
Residential | 4,936 | 0.42 | 2,420 | 0.22 | |||||||||||||||||||||||||
Commercial | 3,747 | 0.31 | 7,284 | 0.66 | |||||||||||||||||||||||||
8,683 | 0.73 | 9,704 | 0.88 | ||||||||||||||||||||||||||
Consumer and other | 4,483 | 0.38 | 7,531 | 0.68 | |||||||||||||||||||||||||
Gross loans | 1,187,564 | 100 | % | 1,102,927 | 100 | % | |||||||||||||||||||||||
Unearned discounts, interest and deferred fees | (2,740 | ) | (2,590 | ) | |||||||||||||||||||||||||
Total loans | 1,184,824 | 1,100,337 | |||||||||||||||||||||||||||
Allowance for loan losses | (20,800 | ) | (24,592 | ) | |||||||||||||||||||||||||
Loans, net (1) | $ | 1,164,024 | $ | 1,075,745 | |||||||||||||||||||||||||
-1 | Includes loans held-for-sale. | ||||||||||||||||||||||||||||
The recorded investment in loans is the face amount increased or decreased by applicable accrued interest and unamortized premium, discount, or finance charges, and may also reflect a previous direct write-down of the loan. | |||||||||||||||||||||||||||||
The recorded investment in loans at the dates indicated is determined as follows (in thousands): | |||||||||||||||||||||||||||||
30-Sep-13 | Gross Loan | Deferred Loan | Accrued | Recorded | |||||||||||||||||||||||||
Balance | Fees | Interest | Investment | ||||||||||||||||||||||||||
Receivable | in Loans | ||||||||||||||||||||||||||||
Commercial and industrial | $ | 439,420 | $ | (956 | ) | $ | 1,137 | $ | 439,601 | ||||||||||||||||||||
Real estate mortgage | 734,978 | (1,549 | ) | 1,851 | 735,280 | ||||||||||||||||||||||||
Real estate construction | 8,683 | (101 | ) | 25 | 8,607 | ||||||||||||||||||||||||
Consumer and other | 4,483 | (134 | ) | 13 | 4,362 | ||||||||||||||||||||||||
Total | $ | 1,187,564 | $ | (2,740 | ) | $ | 3,026 | $ | 1,187,850 | ||||||||||||||||||||
31-Dec-12 | Gross Loan | Deferred Loan | Accrued | Recorded | |||||||||||||||||||||||||
Balance | Fees | Interest | Investment | ||||||||||||||||||||||||||
Receivable | in Loans | ||||||||||||||||||||||||||||
Commercial and industrial | $ | 383,641 | $ | (814 | ) | $ | 1,078 | $ | 383,905 | ||||||||||||||||||||
Real estate mortgage | 702,051 | (1,595 | ) | 2,024 | 702,480 | ||||||||||||||||||||||||
Real estate construction | 9,704 | (30 | ) | 18 | 9,692 | ||||||||||||||||||||||||
Consumer and other | 7,531 | (151 | ) | 21 | 7,401 | ||||||||||||||||||||||||
Total | $ | 1,102,927 | $ | (2,590 | ) | $ | 3,141 | $ | 1,103,478 | ||||||||||||||||||||
Loan Origination/Risk Management | |||||||||||||||||||||||||||||
The Company selectively extends credit for the purpose of establishing long-term relationships with its customers. The Company mitigates the risks inherent in lending by focusing on businesses and individuals with demonstrated payment history, historically favorable profitability trends and stable cash flows. In addition to these primary sources of repayment, the Company looks to tangible collateral and personal guarantees as secondary sources of repayment. Lending officers are provided with detailed underwriting policies covering all lending activities in which the Company is engaged and that require all lenders to obtain appropriate approvals for the extension of credit. The Company also maintains documentation requirements and extensive credit quality assurance practices in order to identify credit portfolio weaknesses as early as possible so any exposures that are discovered may be reduced. | |||||||||||||||||||||||||||||
The Company has certain lending procedures in place that are designed to maximize loan income within an acceptable level of risk. These procedures include the approval of lending policies and underwriting guidelines by the Board of Directors of each Bank, and separate policy, administrative and approval oversight by the Directors’ Loan Committee of MetroBank, and by the Directors’ Credit Committee of Metro United. Additionally, MetroBank’s loan portfolio is reviewed by its internal loan review department, and Metro United's loan portfolio is reviewed by an external third-party company. These procedures also serve to timely identify changes in asset quality and to ensure proper recording and reporting of nonperforming assets. | |||||||||||||||||||||||||||||
Inherent in all lending is the risk of nonpayment. The types of collateral required, the terms of the loans and the underwriting practices discussed under each loan category below are all designed to minimize the risk of nonpayment. In addition, as further risk protection, the Banks rarely make loans at their respective legal lending limit. MetroBank generally does not make loans larger than $13 million to one borrower and Metro United generally does not make loans larger than $8 million to one borrower. Loans greater than the Banks’ lending limits are subject to participation with other financial institutions, including with each other. Loans originated by MetroBank are approved by the Chief Lending Officer, Chief Credit Officer, the Loan Committee or the Director’s Loan Committee based on the size of the loan relationship and its risk rating. Loans originated by Metro United are approved by the Management Credit Committee or Director’s Credit Committee except for certain consumer loans, which are approved under individual authority. Control systems and procedures are in place to ensure all loans are approved in accordance with credit policies. | |||||||||||||||||||||||||||||
Commercial and Industrial Loans. Generally, the Company’s commercial loans are underwritten on the basis of the borrower’s ability to service such debt as reflected by cash flow projections. Commercial loans are generally collateralized by business assets, which may include real estate, accounts receivable and inventory, certificates of deposit, securities, guarantees or other collateral. The Company also generally obtains personal guarantees from the principals of the business. Working capital loans are primarily collateralized by short-term assets, whereas term loans are primarily collateralized by long-term assets. As a result, commercial loans involve additional complexities, variables and risks and require more thorough underwriting and servicing than other types of loans. Indigenous to individuals in the Asian business community is the desire to own the building and land which house their businesses. Accordingly, while a loan may be principally driven and classified by the type of business operated, real estate is frequently the primary source of collateral. | |||||||||||||||||||||||||||||
Real Estate Mortgage - Commercial and Residential Mortgage Loans. The Company makes commercial mortgage loans to finance the purchase of real property, which generally consists of developed real estate. The Company’s commercial mortgage loans are collateralized by first liens on real estate. For MetroBank, these loans typically have variable rates and amortize over a 15 to 20 year period, with balloon payments due at the end of five to seven years. For Metro United, these loans have both variable and fixed rates and amortize over a 25 to 30 year period, with balloon payments due at the end of five to ten years. Payments on loans collateralized by such properties are dependent on the successful operation or management of the properties. Accordingly, repayment of these loans may be subject to adverse conditions in the real estate market or the economy to a greater extent than other types of loans. In underwriting commercial mortgage loans, consideration is given to the property’s historical cash flow, current and projected occupancy, location and physical condition. The underwriting analysis also includes credit checks, appraisals, environmental impact reports and a review of the financial condition of the borrower. The Company also originates two to seven year balloon residential mortgage loans with a 15 to 30-year amortization primarily collateralized by owner occupied residential properties, which are retained in the Company’s residential mortgage portfolio. | |||||||||||||||||||||||||||||
Real Estate Construction Loans. The Company makes loans to finance the construction of residential and non-residential properties. The majority of the Company’s residential construction loans in Texas are for single-family dwellings that are pre-sold or are under earnest money contracts. The Company also originates loans to finance the construction of commercial properties such as multi-family, office, industrial, warehouse and retail centers. Construction loans involve additional risks attributable to the fact that loan funds are advanced upon the security of a project under construction, and the project is of uncertain value prior to its completion. Because of uncertainties inherent in estimating construction costs, the market value of the completed project and the effects of governmental regulation on real property, it can be difficult to accurately evaluate the total funds required to complete a project and the related loan to value ratio. As a result of these uncertainties, construction lending often involves the disbursement of substantial funds with repayment dependent, in part, on the success of the ultimate project rather than the ability of a borrower or guarantor to repay the loan. If the Company is forced to foreclose on a project prior to completion, there is no assurance that the Company will be able to recover the entire unpaid portion of the loan. In addition, the Company may be required to fund additional amounts to complete a project and may have to hold the property for an indeterminable period of time. While the Company has underwriting procedures designed to identify what it believes to be acceptable levels of risks in construction lending, no assurance can be given that these procedures will prevent losses from the risks described above. | |||||||||||||||||||||||||||||
Consumer Loans. The Company, through its subsidiary Metro United, offers a variety of loan products to retail customers through its branch network. Loans to retail customers include automobile loans, lines of credit and other personal loans. The terms of these loans typically range from 12 to 60 months depending on the nature of the collateral and the size of the loan. | |||||||||||||||||||||||||||||
Loan review process. In addition to the Banks’ loan portfolio reviews by by external third-party companies, other ongoing reviews are performed by loan officers and involve the grading of each loan by its respective loan officer. Depending on the grade, a loan will be aggregated with other loans of similar grade and a loss factor is applied to the total loans in each group to establish the required level of allowance for loan losses. For both Banks, grades of 1-10 are applied to each loan, with loans graded 7-10 requiring the most allowance for loan losses. Factors utilized in the grading process include but are not limited to historical performance, payment status, collateral value and financial strength of the borrower. Oversight of the loan review process is the responsibility of the Chief Risk Officer. Differences of opinion are resolved among the Loan Officer, Chief Risk Officer and the Chief Credit Officer. See “Allowance for Loan Losses and Reserve for Unfunded Lending Commitments” for additional discussion on loan grades. | |||||||||||||||||||||||||||||
MetroBank’s credit department reports credit risk grade changes on a monthly basis to its management and the Board of Directors. MetroBank performs monthly and quarterly, and Metro United performs monthly concentration analyses based on industries, collateral types and business lines. Findings are reported monthly to the Directors’ Loan Committee of MetroBank and the Directors’ Credit Committee of Metro United and quarterly to the Board of Directors of each respective Bank. | |||||||||||||||||||||||||||||
In addition, the Company reviews the real estate values, and when necessary, orders new appraisals on loans collateralized by real estate when loans are renewed, prior to foreclosure and at other times as necessary, particularly in problem loan situations. In instances where updated appraisals reflect reduced collateral values, an evaluation of the borrower’s overall financial condition is made to determine the need, if any, for possible charge-offs or appropriate additions to the allowance for loan losses. The Company records other real estate at fair value at the time of acquisition less estimated costs to sell. | |||||||||||||||||||||||||||||
The following table presents the recorded investment in loans by credit risk profile, and which were updated as of the date indicated (in thousands): | |||||||||||||||||||||||||||||
As of September 30, 2013 | Commercial and industrial | Real estate | Real estate construction | Consumer and other | Total | ||||||||||||||||||||||||
mortgage | |||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||
1-6 - “Pass” | $ | 425,498 | $ | 673,267 | $ | 8,607 | $ | 4,362 | $ | 1,111,734 | |||||||||||||||||||
7 - “Special Mention”/ “Watch” | 2,851 | 17,714 | — | — | 20,565 | ||||||||||||||||||||||||
8 - “Substandard” | 11,252 | 44,299 | — | — | 55,551 | ||||||||||||||||||||||||
9 -“Doubtful" | — | — | — | — | — | ||||||||||||||||||||||||
Total | $ | 439,601 | $ | 735,280 | $ | 8,607 | $ | 4,362 | $ | 1,187,850 | |||||||||||||||||||
As of December 31, 2012 | Commercial and industrial | Real estate | Real estate construction | Consumer and other | Total | ||||||||||||||||||||||||
mortgage | |||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||
1-6 - “Pass” | $ | 366,571 | $ | 611,159 | $ | 5,163 | $ | 7,401 | $ | 990,294 | |||||||||||||||||||
7 - “Special Mention”/ “Watch” | 4,393 | 14,593 | — | — | 18,986 | ||||||||||||||||||||||||
8 - “Substandard” | 12,941 | 76,728 | 4,529 | — | 94,198 | ||||||||||||||||||||||||
9 -“Doubtful" | — | — | — | — | — | ||||||||||||||||||||||||
Total | $ | 383,905 | $ | 702,480 | $ | 9,692 | $ | 7,401 | $ | 1,103,478 | |||||||||||||||||||
There can be no assurance, however, that the Company’s loan portfolio will not become subject to increasing pressures from deteriorating borrowers’ financial condition due to general economic and other factors. While future deterioration in the loan portfolio is possible, management is continuing its risk assessment and resolution program. In addition, management is focusing its attention on minimizing the Company’s credit risk through diversification. | |||||||||||||||||||||||||||||
Nonperforming Assets | |||||||||||||||||||||||||||||
The Company generally places a loan on nonaccrual status and ceases accruing interest when, in the opinion of management, full payment of loan principal or interest is in doubt. All loans past due 90 days are placed on nonaccrual status unless the loan is both well collateralized and in the process of collection. Cash payments received while a loan is classified as nonaccrual are recorded as a reduction of principal as long as significant doubt exists as to collection of the principal. Loans are restored to accrual status only when interest and principal payments are brought current and, in management’s judgment, future payments are reasonably assured. In addition to nonaccrual loans, the Company evaluates on an ongoing basis other loans which are potential problem loans as to risk exposure in determining the adequacy of the allowance for loan losses. | |||||||||||||||||||||||||||||
A loan is considered impaired based on current information and events if it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Impairment is evaluated in total for smaller-balance loans of a similar nature and on an individual basis for other loans. The measurement of impaired loans is based on the present value of expected future cash flows discounted at the loan’s effective interest rate or the loan’s observable market price or based on the fair value of the collateral if the loan is collateral-dependent. | |||||||||||||||||||||||||||||
Loans are classified as a troubled debt restructuring in cases where a borrower is experiencing financial difficulty and the Banks make concessionary modifications to contractual terms. Restructured loans typically involve a modification of terms such as a reduction of the stated interest rate and an extension of the maturity date(s). Generally, a nonaccrual loan that is restructured remains on nonaccrual for a minimum period of six months to demonstrate that the borrower can meet the restructured terms. Once performance has been demonstrated, the loan may be returned to performing status after the calendar year end. | |||||||||||||||||||||||||||||
The Company requires that nonperforming assets be monitored by the special assets department or senior lenders for MetroBank, and by the special asset team consisting of internal credit personnel with the assistance of third party consultants and attorneys for Metro United. All nonperforming assets are actively managed pursuant to the Company’s loan policy. Senior management is apprised on a weekly basis of the workout endeavors and provides assistance as necessary to determine the best strategy for problem loan resolution and maximizing repayment on nonperforming assets. | |||||||||||||||||||||||||||||
In addition to the Banks’ loan review process described in the preceding paragraphs, the Office of the Comptroller of the Currency (“OCC”) periodically examines and evaluates MetroBank, while the Federal Deposit Insurance Corporation (“FDIC”) and California Department of Business Oversight, Division of Financial Institutions (“CDBO”) periodically examine and evaluate Metro United. Based upon such examinations, the regulators may revalue the assets of the institution and require that it charge-off certain assets, establish specific reserves to compensate for the difference between the regulators-determined value and the book value of such assets or take other regulatory action designed to lessen the risk in the asset portfolio. | |||||||||||||||||||||||||||||
The following table provides an analysis of the age of the recorded investment in loans by portfolio segment at the date indicated (in thousands): | |||||||||||||||||||||||||||||
As of September 30, 2013 | 30-59 Days | 60-89 Days | Greater Than | Total Past | Current | Total Recorded | Recorded | ||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | Investment | Investment | ||||||||||||||||||||||||
in Loans | 90 Days | ||||||||||||||||||||||||||||
and Accruing | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,974 | $ | 414 | $ | 1,178 | $ | 3,566 | $ | 436,035 | $ | 439,601 | $ | — | |||||||||||||||
Real estate mortgage: | |||||||||||||||||||||||||||||
Residential | 482 | — | 124 | 606 | 39,468 | 40,074 | — | ||||||||||||||||||||||
Commercial | 16,891 | — | 8,596 | 25,487 | 669,719 | 695,206 | — | ||||||||||||||||||||||
Real estate construction: | |||||||||||||||||||||||||||||
Residential | — | — | — | — | 4,911 | 4,911 | — | ||||||||||||||||||||||
Commercial | — | — | — | — | 3,696 | 3,696 | — | ||||||||||||||||||||||
Consumer and other | 8 | — | — | 8 | 4,354 | 4,362 | — | ||||||||||||||||||||||
Total | $ | 19,355 | $ | 414 | $ | 9,898 | $ | 29,667 | $ | 1,158,183 | $ | 1,187,850 | $ | — | |||||||||||||||
As of December 31, 2012 | 30-59 Days | 60-89 Days | Greater Than | Total Past | Current | Total Recorded | Recorded | ||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | Investment | Investment | ||||||||||||||||||||||||
in Loans | 90 Days | ||||||||||||||||||||||||||||
and Accruing | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 2,233 | $ | 817 | $ | 1,308 | $ | 4,358 | $ | 379,547 | $ | 383,905 | $ | — | |||||||||||||||
Real estate mortgage: | |||||||||||||||||||||||||||||
Residential | — | — | 239 | 239 | 36,667 | 36,906 | — | ||||||||||||||||||||||
Commercial | 114 | 3,817 | 18,141 | 22,072 | 643,502 | 665,574 | — | ||||||||||||||||||||||
Real estate construction: | |||||||||||||||||||||||||||||
Residential | — | — | 1,426 | 1,426 | 984 | 2,410 | — | ||||||||||||||||||||||
Commercial | 150 | — | 3,103 | 3,253 | 4,029 | 7,282 | — | ||||||||||||||||||||||
Consumer and other | — | — | — | — | 7,401 | 7,401 | — | ||||||||||||||||||||||
Total | $ | 2,497 | $ | 4,634 | $ | 24,217 | $ | 31,348 | $ | 1,072,130 | $ | 1,103,478 | $ | — | |||||||||||||||
The following table presents the recorded investment in nonaccrual loans, including nonaccruing troubled debt restructurings, by portfolio segment at the dates indicated (in thousands): | |||||||||||||||||||||||||||||
Recorded investment in nonaccrual loans | 30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||
Commercial and industrial | $ | 1,441 | $ | 1,308 | |||||||||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||||||||||||
Residential | 606 | 239 | |||||||||||||||||||||||||||
Commercial | 12,969 | 22,501 | |||||||||||||||||||||||||||
Real estate construction: | |||||||||||||||||||||||||||||
Residential | — | 1,426 | |||||||||||||||||||||||||||
Commercial | — | 3,103 | |||||||||||||||||||||||||||
Total | $ | 15,016 | $ | 28,577 | |||||||||||||||||||||||||
Information on impaired loans, which includes nonaccrual loans and troubled debt restructurings, and the related specific allowance for loan losses on such loans at September 30, 2013 and December 31, 2012, is presented below (in thousands): | |||||||||||||||||||||||||||||
As of September 30, 2013 | Recorded | Unpaid | Related | Average | |||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | ||||||||||||||||||||||||||
Balance | Investment | ||||||||||||||||||||||||||||
Impaired loans with no allowance | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,441 | $ | 1,441 | $ | — | $ | 1,036 | |||||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||||||||||||
Residential | 606 | 606 | — | 451 | |||||||||||||||||||||||||
Commercial | 12,700 | 12,713 | — | 14,204 | |||||||||||||||||||||||||
Real estate construction: | |||||||||||||||||||||||||||||
Residential | — | — | — | 713 | |||||||||||||||||||||||||
Commercial | — | — | — | 1,552 | |||||||||||||||||||||||||
Impaired loans with an allowance | |||||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | — | $ | 216 | |||||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||||||||||||
Commercial | 657 | 658 | 174 | 2,463 | |||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,441 | $ | 1,441 | $ | — | $ | 1,252 | |||||||||||||||||||||
Real estate mortgage | 13,963 | 13,977 | 174 | 17,118 | |||||||||||||||||||||||||
Real estate construction | — | — | — | 2,265 | |||||||||||||||||||||||||
As of December 31, 2012 | Recorded | Unpaid | Related | Average | |||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | ||||||||||||||||||||||||||
Balance | Investment | ||||||||||||||||||||||||||||
Impaired loans with no allowance | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,287 | $ | 1,289 | $ | — | $ | 5,162 | |||||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||||||||||||
Residential | 239 | 239 | — | 213 | |||||||||||||||||||||||||
Commercial | 18,369 | 18,369 | — | 19,732 | |||||||||||||||||||||||||
Real estate construction: | |||||||||||||||||||||||||||||
Residential | 1,426 | 1,426 | — | 1,529 | |||||||||||||||||||||||||
Commercial | 3,103 | 3,103 | — | 3,171 | |||||||||||||||||||||||||
Impaired loans with an allowance | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 21 | $ | 21 | $ | 21 | $ | 1,434 | |||||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||||||||||||
Commercial | 4,533 | 4,535 | 503 | 6,836 | |||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,308 | $ | 1,310 | $ | 21 | $ | 6,596 | |||||||||||||||||||||
Real estate mortgage | 23,141 | 23,143 | 503 | 26,781 | |||||||||||||||||||||||||
Real estate construction | 4,529 | 4,529 | — | 4,700 | |||||||||||||||||||||||||
For the nine months ended September 30, 2013 and 2012, interest income of $28,000 and $139,000 was recognized on impaired loans, which consisted of nonaccrual loans that were paid in full and accruing troubled debt restructurings (“TDRs”). | |||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
Loans are classified as a TDR in cases where a borrower is experiencing financial difficulty and the Banks make concessionary modifications to contractual terms. Restructured loans typically involve a modification of terms such as a reduction of the stated interest rate and/or an extension of the maturity date(s). Generally, a nonaccrual loan that is restructured remains on nonaccrual for a minimum period of six months to demonstrate that the borrower can meet the restructured terms. Once performance has been demonstrated the loan may be returned to performing status after the calendar year end. | |||||||||||||||||||||||||||||
As of September 30, 2013, there were no commitments to lend additional funds on loans that were modified as TDRs. As of September 30, 2013, there were no defaults on any loans that were modified as TDRs during the preceding twelve months. There were no new TDRs for the three months ended September 30, 2013. | |||||||||||||||||||||||||||||
The following table presents the recorded investment in TDRs that occurred for the nine months ended September 30, 2013 (dollars in thousands): | |||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||
Troubled Debt Restructurings | Number | Pre-Modification Outstanding | Post-Modification Outstanding | ||||||||||||||||||||||||||
of | Recorded | Recorded | |||||||||||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||||||||||
Commercial and industrial | 1 | $ | 229 | $ | 208 | ||||||||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||||||||||||
Residential | 1 | 696 | 482 | ||||||||||||||||||||||||||
Commercial | 4 | 3,074 | 2,636 | ||||||||||||||||||||||||||
For the nine months ended September 30, 2013, TDR activity was as follows: | |||||||||||||||||||||||||||||
Prior to restructure, one participation purchased by MetroBank and one participation purchased by Metro United secured by a mixed use property containing residential condominium, retail space and subterranean parking were classified as nonaccrual. A 72% principal reduction was received by each Metro Bank and Metro United and the participations were restructured into two loan participations for each Bank with more than sufficient collateral coverage based on the fair value of the collateral. Since the loans were classified and on nonaccrual status both before and after restructuring, the modifications had an insignificant impact on the Company’s determination of the allowance for loan losses. In September 2013, payoffs totaling $211,000 were received by the Banks for one of the restructured loan participations. | |||||||||||||||||||||||||||||
Two land loans to the same borrower were restructured as TDRs. The loans, previously on accrual status and paid according to contractual terms, had matured and were renewed without a principal reduction. The loans were classified and on accrual status both before and after restructuring. Prior to restructuring, the Company’s determination of the allowance for loan losses was based on Financial Accounting Standards Board Codification (“FASB Codification”) 450-20; after restructuring, the determination of the allowance for loan losses was based on FASB Codification 310-10-35 and therefore insignificantly reduced the allowance for loan losses. | |||||||||||||||||||||||||||||
One commercial retail loan was restructured by extending with no principal reduction at below market terms. The loan was classified and on accrual status before the restructuring and reclassified to nonaccrual status after the restructuring. Prior to restructuring, the Company’s determination of the allowance for loan losses was based on FASB Codification 450-20; after restructuring, the determination of the allowance for loan losses was based on FASB Codification 310-10-35 and therefore insignificantly reduced the allowance for loan losses. | |||||||||||||||||||||||||||||
One sufficiently collateralized land loan was previously on nonaccrual status and reported as an impaired loan prior to restructuring. The loan was restructured with no principal reduction at below market terms. Since the loan was classified and on nonaccrual status both before and after restructuring, the modification did not impact the Company’s determination of the allowance for loan losses. | |||||||||||||||||||||||||||||
Allowance for Loan Losses and Reserve for Unfunded Lending Commitments | |||||||||||||||||||||||||||||
The allowance for loan losses provides for the risk of losses inherent in the lending process and the Company allocates the allowance for loan losses according to management’s assessments of risk inherent in the portfolio. The allowance for loan losses is increased by provisions charged against current earnings and is reduced by net charge-offs. Loans are charged off when they are deemed to be uncollectible in whole or in part. Recoveries are recorded when cash payments are received. In developing the assessment, the Company relies on estimates and exercises judgment regarding matters where the ultimate outcome is uncertain. Circumstances may change and future assessments of credit risk may yield materially different results, resulting in an increase or decrease in the allowance for credit losses. | |||||||||||||||||||||||||||||
The allowance for credit losses consists of the allowance for loan losses and the reserve for unfunded lending commitments and is maintained at levels that the Company believes are adequate to absorb probable losses inherent in the loan portfolio and unfunded lending commitments as of the date of the financial statements. The Company employs a systematic methodology for determining the allowance for credit losses that consists of four components: (1) a formula-based general reserve derived from historical average losses by loan grade, (2) specific reserves on larger impaired individual credits that are based on the difference between the current loan balance and the loan’s collateral value, observable market price, or discounted present value, (3) a qualitative component that reflects current market conditions and other factors precedent to losses different from historical averages and (4) a reserve for unfunded lending commitments. | |||||||||||||||||||||||||||||
In setting the qualitative reserve portion of the allowance for loan losses, the factors the Company may consider include, but are not limited to, concentrations of credit, common characteristics of known problem loans, potential problem loans and other loans that exhibit weaknesses or deterioration, the general economic environment in the Company’s markets as well as the national economy, particularly the real estate markets, changes in value of the collateral securing loans, results of portfolio stress tests, and changes in lending processes, procedures and personnel. After the aforementioned assessment of the loan portfolio, the general economic environment and other relevant factors, management determines the appropriate allowance for loan loss level and makes the provision necessary to achieve that level. This methodology is consistently followed so that the level of the allowance for loan losses is reevaluated in response to changes in circumstances, economic conditions or other factors on an ongoing basis. | |||||||||||||||||||||||||||||
The Company follows a loan review program to evaluate the credit risk in the loan portfolio as discussed under “Nonperforming Assets.” The Company maintains an internally classified loan list which, along with the delinquency list of loans, helps management assess the overall quality of the loan portfolio and the adequacy of the allowance for loan losses. Loans classified as “substandard” are risk-rated as grade 8, and are those loans with well-defined weaknesses such as a highly-leveraged position, unfavorable financial ratios, uncertain repayment sources or poor financial condition, which may jeopardize recoverability of the debt. Loans classified as “doubtful” are risk-rated as grade 9, and are those loans which have characteristics similar to substandard loans but with an increased risk that a loss may occur, or at least a portion of the loan may require a charge-off if liquidated at present. Although loans classified as substandard do not duplicate loans classified as doubtful, both substandard and doubtful loans include some loans that are delinquent at least 30 days or on nonaccrual status. Loans classified as “loss” are risk-rated as grade 10 and are those loans which are charged off. | |||||||||||||||||||||||||||||
In addition to the internally classified loan list and delinquency list of loans, the Company maintains a separate “watch list” for loans risk-rated as grade 7, which further aids the Company in monitoring loan portfolios. Watch list loans show potential weaknesses where the present status portrays one or more deficiencies that require attention in the short-term or where pertinent ratios of the loan account have weakened to a point where more frequent monitoring is warranted. These loans do not have all of the characteristics of a classified loan (substandard or doubtful) but do show weakened elements compared with those of a satisfactory credit. The Company reviews these loans to assist in assessing the adequacy of the allowance for loan losses. | |||||||||||||||||||||||||||||
Policies and procedures have been developed to assess the adequacy of the allowance for loan losses and the reserve for unfunded lending commitments that include the monitoring of qualitative and quantitative trends described above. Management of both Banks review and approve their respective allowance for loan losses and the reserve for unfunded lending commitments monthly and perform a comprehensive analysis quarterly, which is also presented for approval by each Bank’s Board of Directors. The allowance for credit losses is also subject to federal and California State banking regulations. The Banks’ primary regulators conduct periodic examinations of the allowance for credit losses and make assessments regarding its adequacy and the methodology used in its determination. | |||||||||||||||||||||||||||||
The Company maintains a reserve for unfunded commitments to provide for the risk of loss inherent in its unfunded lending related commitments. The process used in determining the reserve is consistent with the process used for the allowance for loan losses discussed above. | |||||||||||||||||||||||||||||
The following table presents the allowance for loan losses and recorded investment in loans by portfolio segment at the dates indicated (in thousands): | |||||||||||||||||||||||||||||
As of and for the three months ended | Commercial | Real | Real estate - construction | Consumer | Unallocated | Total | |||||||||||||||||||||||
30-Sep-13 | and | estate- | and other | ||||||||||||||||||||||||||
industrial | mortgage | ||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 7,523 | $ | 13,176 | $ | 75 | $ | 70 | $ | 988 | $ | 21,832 | |||||||||||||||||
(Reduction in) provision for loan losses | (31 | ) | (918 | ) | 72 | (11 | ) | 233 | (655 | ) | |||||||||||||||||||
Charge-offs | (450 | ) | (41 | ) | (17 | ) | (9 | ) | — | (517 | ) | ||||||||||||||||||
Recoveries | 124 | 14 | — | 2 | — | 140 | |||||||||||||||||||||||
Allowance for loan losses at end of period | $ | 7,166 | $ | 12,231 | $ | 130 | $ | 52 | $ | 1,221 | $ | 20,800 | |||||||||||||||||
Ending allowance for loan losses balance for loans individually evaluated for impairment | $ | — | $ | 174 | $ | — | $ | — | $ | 174 | |||||||||||||||||||
Ending allowance for loan losses balance for loans collectively evaluated for impairment | $ | 7,166 | $ | 12,057 | $ | 130 | $ | 52 | $ | 19,405 | |||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Recorded investment in loans | $ | 439,601 | $ | 735,280 | $ | 8,607 | $ | 4,362 | $ | 1,187,850 | |||||||||||||||||||
Recorded investment in loans individually evaluated for impairment | $ | 1,441 | $ | 13,963 | $ | — | $ | — | $ | 15,404 | |||||||||||||||||||
Recorded investment in loans collectively evaluated for impairment | $ | 438,160 | $ | 721,317 | $ | 8,607 | $ | 4,362 | $ | 1,172,446 | |||||||||||||||||||
As of and for the three months ended | Commercial | Real | Real estate - construction | Consumer | Unallocated | Total | |||||||||||||||||||||||
30-Sep-12 | and | estate- | and other | ||||||||||||||||||||||||||
industrial | mortgage | ||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 9,146 | $ | 16,151 | $ | 185 | $ | 106 | $ | 1,723 | $ | 27,311 | |||||||||||||||||
(Reduction in) provision for loan losses | 922 | (574 | ) | (6 | ) | 50 | (692 | ) | (300 | ) | |||||||||||||||||||
Charge-offs | (1,464 | ) | (130 | ) | — | (31 | ) | — | (1,625 | ) | |||||||||||||||||||
Recoveries | 32 | 118 | — | 6 | — | 156 | |||||||||||||||||||||||
Allowance for loan losses at end of period | $ | 8,636 | $ | 15,565 | $ | 179 | $ | 131 | $ | 1,031 | $ | 25,542 | |||||||||||||||||
Ending allowance for loan losses balance for loans individually evaluated for impairment | $ | 23 | $ | 953 | $ | — | $ | — | $ | 976 | |||||||||||||||||||
Ending allowance for loan losses balance for loans collectively evaluated for impairment | $ | 8,613 | $ | 14,612 | $ | 179 | $ | 131 | $ | 23,535 | |||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Recorded investment in loans | $ | 377,309 | $ | 708,121 | $ | 7,907 | $ | 6,723 | $ | 1,100,060 | |||||||||||||||||||
Recorded investment in loans individually evaluated for impairment | $ | 7,357 | $ | 27,441 | $ | 5,492 | $ | 1 | $ | 40,291 | |||||||||||||||||||
Recorded investment in loans collectively evaluated for impairment | $ | 369,952 | $ | 680,680 | $ | 2,415 | $ | 6,722 | $ | 1,059,769 | |||||||||||||||||||
As of and for the nine months ended | Commercial | Real | Real estate - construction | Consumer | Unallocated | Total | |||||||||||||||||||||||
30-Sep-13 | and | estate- | and other | ||||||||||||||||||||||||||
industrial | mortgage | ||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 8,255 | $ | 14,748 | $ | 216 | $ | 143 | $ | 1,230 | $ | 24,592 | |||||||||||||||||
(Reduction in) provision for loan losses | (45 | ) | (923 | ) | (95 | ) | (58 | ) | (9 | ) | (1,130 | ) | |||||||||||||||||
Charge-offs | (1,336 | ) | (1,685 | ) | (26 | ) | (42 | ) | — | (3,089 | ) | ||||||||||||||||||
Recoveries | 292 | 91 | 35 | 9 | — | 427 | |||||||||||||||||||||||
Allowance for loan losses at end of period | $ | 7,166 | $ | 12,231 | $ | 130 | $ | 52 | $ | 1,221 | $ | 20,800 | |||||||||||||||||
Ending allowance for loan losses balance for loans individually evaluated for impairment | $ | — | $ | 174 | $ | — | $ | — | $ | 174 | |||||||||||||||||||
Ending allowance for loan losses balance for loans collectively evaluated for impairment | $ | 7,166 | $ | 12,057 | $ | 130 | $ | 52 | $ | 19,405 | |||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Recorded investment in loans | $ | 439,601 | $ | 735,280 | $ | 8,607 | $ | 4,362 | $ | 1,187,850 | |||||||||||||||||||
Recorded investment in loans individually evaluated for impairment | $ | 1,441 | $ | 13,963 | $ | — | $ | — | $ | 15,404 | |||||||||||||||||||
Recorded investment in loans collectively evaluated for impairment | $ | 438,160 | $ | 721,317 | $ | 8,607 | $ | 4,362 | $ | 1,172,446 | |||||||||||||||||||
As of and for the nine months ended | Commercial | Real | Real estate - construction | Consumer | Unallocated | Total | |||||||||||||||||||||||
30-Sep-12 | and | estate- | and other | ||||||||||||||||||||||||||
industrial | mortgage | ||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 7,966 | $ | 19,213 | $ | 320 | $ | 137 | $ | 685 | $ | 28,321 | |||||||||||||||||
(Reduction in) provision for loan losses | 2,531 | (3,166 | ) | 523 | 66 | 346 | 300 | ||||||||||||||||||||||
Charge-offs | (2,258 | ) | (1,415 | ) | (683 | ) | (92 | ) | — | (4,448 | ) | ||||||||||||||||||
Recoveries | 397 | 933 | 19 | 20 | — | 1,369 | |||||||||||||||||||||||
Allowance for loan losses at end of period | $ | 8,636 | $ | 15,565 | $ | 179 | $ | 131 | $ | 1,031 | $ | 25,542 | |||||||||||||||||
Ending allowance for loan losses balance for loans individually evaluated for impairment | $ | 23 | $ | 953 | $ | — | $ | — | $ | 976 | |||||||||||||||||||
Ending allowance for loan losses balance for loans collectively evaluated for impairment | $ | 8,613 | $ | 14,612 | $ | 179 | $ | 131 | $ | 23,535 | |||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Recorded investment in loans | $ | 377,309 | $ | 708,121 | $ | 7,907 | $ | 6,723 | $ | 1,100,060 | |||||||||||||||||||
Recorded investment in loans individually evaluated for impairment | $ | 7,357 | $ | 27,441 | $ | 5,492 | $ | 1 | $ | 40,291 | |||||||||||||||||||
Recorded investment in loans collectively evaluated for impairment | $ | 369,952 | $ | 680,680 | $ | 2,415 | $ | 6,722 | $ | 1,059,769 | |||||||||||||||||||
Note_4_Goodwill
Note 4 - Goodwill | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||
Goodwill and Intangible Assets Disclosure [Text Block] | ' | ||||
4. GOODWILL | |||||
Goodwill is recorded on the acquisition date of each entity, and evaluated annually for possible impairment. Goodwill is required to be tested for impairment on an annual basis or as events occur or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The Company’s only reporting unit with assigned goodwill is Metro United. | |||||
The Company utilized a third party consultant to perform its annual impairment test as of August 31, 2013 and determined there was no impairment of goodwill as of the test date. The review calculated the fair value of both Metro United and MetroBank on a controlling, marketable basis and reconciled the indicated equity value of the Company based on the concluded valuation of the two reporting units to its market capitalization. Various appraisal methods were considered and based on the specific facts and circumstances, the income approach and the market approach were used to derive the fair value of the reporting units. | |||||
Goodwill impairment, if any, is a noncash adjustment to the Company’s financial statements. As goodwill and other intangible assets are not included in the calculation of regulatory capital, the Company’s well capitalized regulatory ratios are not affected. Subsequent reversal of goodwill impairment is prohibited. | |||||
Balance as of January 1, 2013 | |||||
Goodwill | 21,827 | ||||
Accumulated impairment losses | 7,500 | ||||
Net goodwill | $ | 14,327 | |||
Impairment losses for the nine months ended September 30, 2013 | — | ||||
Balance as of September 30, 2013 | |||||
Goodwill | 21,827 | ||||
Accumulated impairment losses | 7,500 | ||||
Net goodwill | $ | 14,327 | |||
Note_5_Earnings_Per_Share
Note 5 - Earnings Per Share | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||||||
5. EARNINGS PER COMMON SHARE | |||||||||||||||||
Basic earnings per common share (“EPS”) is computed by dividing net income (after deducting dividends on preferred stock) by the weighted-average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income available to common shareholders by the weighted-average number of common shares and potentially dilutive common shares outstanding during the period. Stock options, restricted common shares and warrants can be dilutive common shares and are therefore considered in the earnings per share calculation, if dilutive. Stock options, restricted common shares and warrants that are antidilutive are excluded from earnings per share calculation. Stock options, restricted common shares and warrants are antidilutive when the exercise price is higher than the current market price of the Company’s common stock. For the three months ended September 30, 2013 and 2012, there were 130,836 and 302,406 antidilutive stock options, respectively. For the nine months ended September 30, 2013 and 2012, there were 212,811 and 520,343 antidilutive stock options including restricted common shares, respectively. The number of potentially dilutive common shares is determined using the treasury stock method. | |||||||||||||||||
As of and for the Three Months | As of and for the Nine Months | ||||||||||||||||
Ended September 30, | Ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(In thousands, except per share amounts) | |||||||||||||||||
Net income available to common shareholders | $ | 3,448 | $ | 2,712 | $ | 9,271 | $ | 7,403 | |||||||||
Weighted average common shares in basic EPS | 18,417 | 18,307 | 18,372 | 15,666 | |||||||||||||
Effect of dilutive securities | 397 | 341 | 385 | 210 | |||||||||||||
Weighted average common and potentially dilutive common shares used in diluted EPS | 18,814 | 18,648 | 18,757 | 15,876 | |||||||||||||
Earnings per common share: | |||||||||||||||||
Basic | $ | 0.19 | $ | 0.15 | $ | 0.5 | $ | 0.47 | |||||||||
Diluted | $ | 0.18 | $ | 0.15 | $ | 0.49 | $ | 0.47 | |||||||||
Note_6_Commitments_and_Conting
Note 6 - Commitments and Contingencies | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||
Commitments and Contingencies Disclosure [Text Block] | ' | ||||||||
6. COMMITMENTS AND CONTINGENCIES | |||||||||
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 various guarantees, commitments to extend credit and standby letters of credit. Additionally, these instruments may involve, to varying degrees, credit risk in excess of the amount recognized in the statement of financial condition. The Company’s maximum exposure to credit loss under such arrangements is represented by the contractual amount of those instruments. The Company applies the same credit policies and collateralization guidelines in making commitments and conditional obligations as they do for on-balance sheet instruments. Off-balance sheet financial instruments include commitments to extend credit and guarantees under standby and other letters of credit. | |||||||||
The contractual amount of the Company’s financial instruments with off-balance sheet risk as of September 30, 2013 and December 31, 2012 is presented below (in thousands): | |||||||||
As of | As of | ||||||||
30-Sep-13 | 31-Dec-12 | ||||||||
Unfunded loan commitments including unfunded lines of credit | $ | 154,827 | $ | 99,474 | |||||
Standby letters of credit | 5,873 | 10,387 | |||||||
Commercial letters of credit | 5,972 | 1,595 | |||||||
Operating leases | 5,899 | 7,337 | |||||||
Total financial instruments with off-balance sheet risk | $ | 172,571 | $ | 118,793 | |||||
Litigation. The Company is involved in various litigation that arises from time to time in the normal course of business. In the opinion of management, after consultations with its legal counsel, such litigation is not expected to have a material adverse effect of the Company’s consolidated financial position, results of operations or cash flows. |
Note_7_Regulatory_Matters
Note 7 - Regulatory Matters | 9 Months Ended | |||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | |||||||||||||||||||||||||
Regulatory Capital Requirements under Banking Regulations [Text Block] | ' | |||||||||||||||||||||||||
7. REGULATORY MATTERS | ||||||||||||||||||||||||||
The Banks are subject to regulations and, among others things, may be limited in their ability to pay dividends or otherwise transfer funds to the holding company. In addition, dividends paid by the Banks to the Parent would be prohibited if the effect thereof would cause the Banks’ capital to be reduced below applicable minimum capital requirements. | ||||||||||||||||||||||||||
As of September 30, 2013, the most recent notifications from the OCC with respect to MetroBank, and the CDBO with respect to Metro United categorized the Banks as “well capitalized” under the regulatory framework for prompt corrective action. There are no conditions or events since the notifications that management believes have changed the Banks’ level of capital adequacy. | ||||||||||||||||||||||||||
The Company’s and the Banks’ actual capital amounts and ratios as of the dates indicated are presented in the following table (dollars in thousands): | ||||||||||||||||||||||||||
Actual | Minimum | To be Categorized | ||||||||||||||||||||||||
Required For | as Well Capitalized | |||||||||||||||||||||||||
Capital Adequacy | under Prompt | |||||||||||||||||||||||||
Purposes | Corrective Action | |||||||||||||||||||||||||
Provisions | ||||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | |||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||||
Total risk-based capital ratio | ||||||||||||||||||||||||||
MetroCorp Bancshares, Inc. | $ | 221,088 | 17.22 | % | $ | 102,719 | 8 | % | $ | N/A | N/A | % | ||||||||||||||
MetroBank, N.A. | 152,143 | 16.4 | 74,199 | 8 | 92,749 | 10 | ||||||||||||||||||||
Metro United Bank | 55,536 | 15.67 | 28,351 | 8 | 35,439 | 10 | ||||||||||||||||||||
Tier 1 risk-based capital ratio | ||||||||||||||||||||||||||
MetroCorp Bancshares, Inc. | 204,969 | 15.96 | 51,359 | 4 | N/A | N/A | ||||||||||||||||||||
MetroBank, N.A. | 140,511 | 15.15 | 37,099 | 4 | 55,649 | 6 | ||||||||||||||||||||
Metro United Bank | 51,076 | 14.41 | 14,176 | 4 | 21,263 | 6 | ||||||||||||||||||||
Leverage ratio | ||||||||||||||||||||||||||
MetroCorp Bancshares, Inc. | 204,969 | 12.85 | 63,801 | 4 | N/A | N/A | ||||||||||||||||||||
MetroBank, N.A. | 140,511 | 12.33 | 45,587 | 4 | 56,984 | 5 | ||||||||||||||||||||
Metro United Bank | 51,076 | 11.16 | 18,299 | 4 | 22,873 | 5 | ||||||||||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||||||
Total risk-based capital ratio | ||||||||||||||||||||||||||
MetroCorp Bancshares, Inc. | $ | 212,083 | 17.95 | % | $ | 94,509 | 8 | % | $ | N/A | N/A | % | ||||||||||||||
MetroBank, N.A. | 152,613 | 17.8 | 68,587 | 8 | 85,734 | 10 | ||||||||||||||||||||
Metro United Bank | 52,714 | 16.34 | 25,814 | 8 | 32,267 | 10 | ||||||||||||||||||||
Tier 1 risk-based capital ratio | ||||||||||||||||||||||||||
MetroCorp Bancshares, Inc. | 197,077 | 16.68 | 47,255 | 4 | N/A | N/A | ||||||||||||||||||||
MetroBank, N.A. | 141,702 | 16.53 | 34,293 | 4 | 51,440 | 6 | ||||||||||||||||||||
Metro United Bank | 48,636 | 15.07 | 12,907 | 4 | 19,360 | 6 | ||||||||||||||||||||
Leverage ratio | ||||||||||||||||||||||||||
MetroCorp Bancshares, Inc. | 197,077 | 13.18 | 59,812 | 4 | N/A | N/A | ||||||||||||||||||||
MetroBank, N.A. | 141,702 | 12.7 | 44,613 | 4 | 55,766 | 5 | ||||||||||||||||||||
Metro United Bank | 48,636 | 12.76 | 15,243 | 4 | 19,053 | 5 | ||||||||||||||||||||
Note_8_Accumulated_Other_Compr
Note 8 - Accumulated Other Comprehensive Income | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Accumulated Other Comprehensive Income Loss [Abstract] | ' | ||||||||||||||||||||||||
Accumulated Other Comprehensive Income Loss [Text Block] | ' | ||||||||||||||||||||||||
8. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME | |||||||||||||||||||||||||
The tax effects allocated to each component of other comprehensive (loss) income were as follows (in thousands): | |||||||||||||||||||||||||
Three months ended September 30, 2013 | Three months ended September 30, 2012 | ||||||||||||||||||||||||
Before Tax Amount | Tax Expense (Benefit) | Net of Tax Amount | Before Tax Amount | Tax Expense (Benefit) | Net of Tax Amount | ||||||||||||||||||||
Change in accumulated gain (loss) on effective cash flow hedging derivative | $ | 87 | $ | 31 | $ | 56 | $ | 12 | $ | 4 | $ | 8 | |||||||||||||
Unrealized loss on investment securities with OTTI: | |||||||||||||||||||||||||
Securities with OTTI charges during the period | (36 | ) | (13 | ) | (23 | ) | (14 | ) | (5 | ) | (9 | ) | |||||||||||||
Less: OTTI charges recognized in net income | (9 | ) | (2 | ) | (7 | ) | (7 | ) | (3 | ) | (4 | ) | |||||||||||||
Net unrealized losses on investment securities with OTTI | (27 | ) | (11 | ) | (16 | ) | (7 | ) | (2 | ) | (5 | ) | |||||||||||||
Unrealized (losses) gain on investment securities: | |||||||||||||||||||||||||
Unrealized holding (loss) gain arising during the period | (914 | ) | (320 | ) | (594 | ) | 974 | 351 | 623 | ||||||||||||||||
Less: reclassification adjustment for (loss) gain included in net income | (4 | ) | (1 | ) | (3 | ) | 24 | 9 | 15 | ||||||||||||||||
Net unrealized (losses) gains on investment securities | (910 | ) | (319 | ) | (591 | ) | 950 | 342 | 608 | ||||||||||||||||
Other comprehensive (loss) income | $ | (850 | ) | $ | (299 | ) | $ | (551 | ) | $ | 955 | $ | 344 | $ | 611 | ||||||||||
Nine months ended September 30, 2013 | Nine months ended September 30, 2012 | ||||||||||||||||||||||||
Before Tax Amount | Tax Expense (Benefit) | Net of Tax Amount | Before Tax Amount | Tax Expense (Benefit) | Net of Tax Amount | ||||||||||||||||||||
Change in accumulated gain on effective cash flow hedging derivative | $ | 448 | $ | 161 | $ | 287 | $ | 65 | $ | 23 | $ | 42 | |||||||||||||
Unrealized loss on investment securities with OTTI: | |||||||||||||||||||||||||
Securities with OTTI charges during the period | (129 | ) | (47 | ) | (82 | ) | (101 | ) | (36 | ) | (65 | ) | |||||||||||||
Less: OTTI charges recognized in net income | (75 | ) | (27 | ) | (48 | ) | (84 | ) | (30 | ) | (54 | ) | |||||||||||||
Net unrealized losses on investment securities with OTTI | (54 | ) | (20 | ) | (34 | ) | (17 | ) | (6 | ) | (11 | ) | |||||||||||||
Unrealized (losses) gains on investment securities: | |||||||||||||||||||||||||
Unrealized holding (loss) gain arising during the period | (8,241 | ) | (2,976 | ) | (5,265 | ) | 1,761 | 635 | 1,126 | ||||||||||||||||
Less: reclassification adjustment for gains included in net income | 33 | 12 | 21 | 108 | 39 | 69 | |||||||||||||||||||
Net unrealized (losses) gains on investment securities | (8,274 | ) | (2,988 | ) | (5,286 | ) | 1,653 | 596 | 1,057 | ||||||||||||||||
Other comprehensive (loss) income | $ | (7,880 | ) | $ | (2,847 | ) | $ | (5,033 | ) | $ | 1,701 | $ | 613 | $ | 1,088 | ||||||||||
The balance of and changes in each component of accumulated other comprehensive loss as of and for the nine months ended September 30, 2013 are as follows (net of taxes) (in thousands): | |||||||||||||||||||||||||
Gains (Losses) on Effective Cash Hedging Derivatives | Net Unrealized Gains (Losses) on Investments with OTTI | Net Unrealized Investment Gains (Losses) | Total Accumulated Other Comprehensive Income (Loss) | ||||||||||||||||||||||
Accumulated other comprehensive income (loss) December 31, 2012 | $ | (1,136 | ) | $ | (1,017 | ) | $ | 2,720 | $ | 567 | |||||||||||||||
Other comprehensive income (losses) before reclassifications | 287 | (34 | ) | (5,265 | ) | (5,012 | ) | ||||||||||||||||||
Amounts reclassified from other comprehensive income (loss) (1) | — | — | (21 | ) | (21 | ) | |||||||||||||||||||
Net current-period other comprehensive income (loss) | 287 | (34 | ) | (5,286 | ) | (5,033 | ) | ||||||||||||||||||
Accumulated other comprehensive loss September 30, 2013 | $ | (849 | ) | $ | (1,051 | ) | $ | (2,566 | ) | $ | (4,466 | ) | |||||||||||||
-1 | Amounts reclassified from other comprehensive income were transferred to gain (loss) on securities, net. | ||||||||||||||||||||||||
Note_9_Derivative_Financial_In
Note 9 - Derivative Financial Instruments | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' | ||||||||||||||||||||
9. DERIVATIVE FINANCIAL INSTRUMENTS | |||||||||||||||||||||
The fair value of derivative positions outstanding is included in other liabilities in the accompanying condensed consolidated balance sheets and in the net change in this financial statement line item in the accompanying condensed consolidated statements of cash flows. | |||||||||||||||||||||
Interest Rate Derivatives. During the third quarter of 2009, the Company entered into a forward-starting interest rate swap contract on its junior subordinated debentures with a notional amount of $17.5 million. The interest rate swap contract was designated as a hedging instrument in a cash flow hedge with the objective of protecting the quarterly interest payments on a portion of the Company’s $36.1 million of junior subordinated debentures issued to the Company’s unconsolidated subsidiary trust MCBI Statutory Trust I throughout the five-year period beginning in December 2010 and ending in December 2015 from the risk of variability of those payments resulting from changes in the three-month LIBOR interest rate. Under the swap contract, beginning in December 2010, the Company pays a fixed interest rate of 5.38% and receives a variable interest rate of three-month LIBOR plus a margin of 1.55% on a total notional amount of $17.5 million, with quarterly settlements, which began in March 2011. | |||||||||||||||||||||
The Company applies hedge accounting to interest rate derivatives when qualified. To qualify for hedge accounting, a derivative must be highly effective at reducing the risk associated with the exposure being hedged. In addition, for a derivative to be designated as a hedge, the risk management objective and strategy must be documented. Hedge documentation must identify the derivative hedging instrument, the asset or liability and type of risk to be hedged, and how the effectiveness of the derivative will be assessed prospectively and retrospectively. To assess effectiveness, the Company compares the dollar-value of the change in the fair value of the derivative to the change in the fair value or cash flows of the hedged item. The extent to which a derivative has been, and is expected to continue to be, effective at offsetting changes in the fair value or cash flows of the hedged item must be assessed and documented at least quarterly. Any hedge ineffectiveness (i.e., the amount by which the gain or loss on the designated derivative instrument does not exactly offset the gain or loss on the hedged item attributable to the hedged risk) must be reported in current-period earnings. If it is determined that a derivative is not highly effective at hedging the designated exposure, hedge accounting is discontinued. | |||||||||||||||||||||
At the beginning of the third quarter of 2011, the Company entered into an interest rate cap with a notional amount of $15.0 million with the objective of mitigating the effect of potential future interest rate increases. The interest rate cap contract is not designated nor accounted for as a hedging instrument. The interest rate cap contract was effective July 1, 2011 for a five-year term. Under the interest rate cap contract, beginning October 3, 2011 and ending July 1, 2016, the Company will receive quarterly settlements for the difference between the three-month LIBOR interest rate and the cap rate of 2.0%, if the three-month LIBOR interest rate exceeds the cap rate on the settlement date. | |||||||||||||||||||||
The Company obtains dealer quotations to value its interest rate derivative contract designated as a hedge of cash flows and its non-hedging interest rate derivative. The notional amounts and estimated fair values of interest rate derivative contracts outstanding at September 30, 2013 and December 31, 2012 are presented in the following table (in thousands): | |||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
Notional Amount | Estimated Fair Value | Notional Amount | Estimated Fair Value | ||||||||||||||||||
Interest rate derivative contract designated as a hedge of cash flows | $ | 17,500 | $ | (1,327 | ) | $ | 17,500 | $ | (1,775 | ) | |||||||||||
Interest rate derivative contract not designated as a hedge of cash flows | $ | 15,000 | $ | 63 | $ | 15,000 | $ | 41 | |||||||||||||
Gains, Losses and Derivative Cash Flows. For cash flow hedges, the effective portion of the gain or loss due to changes in the fair value of the derivative hedging instrument is included in other comprehensive income, while the ineffective portion (indicated by the excess of the cumulative change in the fair value of the derivative over that which is necessary to offset the cumulative change in expected future cash flows on the hedge transaction) is included in other non-interest income or other non-interest expense. Net cash flows from the interest rate swap on junior subordinated debentures designated as a hedging instrument in an effective hedge of cash flows are included in interest expense on junior subordinated debentures. | |||||||||||||||||||||
Amounts included in the condensed consolidated statements of income and in other comprehensive income (loss) for the period related to interest rate derivatives designated as hedges of cash flows were as follows: | |||||||||||||||||||||
Gains/(losses) recorded in income and other comprehensive income | |||||||||||||||||||||
(loss), net of tax (in thousands) | |||||||||||||||||||||
Three months ended September 30, 2013 | Derivative | Hedge | Total income | Derivative | Total change | ||||||||||||||||
effective portion | ineffectiveness | statement | effective portion | in OCI | |||||||||||||||||
reclassified from | recorded directly | impact | recorded in OCI | for period | |||||||||||||||||
AOCI into income | in income | ||||||||||||||||||||
Interest rate derivative designated as a hedge of cash flows: | |||||||||||||||||||||
Interest rate swap | $ | — | $ | — | $ | — | $ | 87 | $ | 87 | |||||||||||
Three months ended September 30, 2012 | |||||||||||||||||||||
Interest rate derivative designated as a hedge of cash flows: | |||||||||||||||||||||
Interest rate swap | $ | — | $ | — | $ | — | $ | 11 | $ | 11 | |||||||||||
Gains/(losses) recorded in income and other comprehensive income | |||||||||||||||||||||
(loss), net of tax (in thousands) | |||||||||||||||||||||
Nine months ended September 30, 2013 | Derivative | Hedge | Total income | Derivative | Total change | ||||||||||||||||
effective portion | ineffectiveness | statement | effective portion | in OCI | |||||||||||||||||
reclassified from | recorded directly | impact | recorded in OCI | for period | |||||||||||||||||
AOCI into income | in income | ||||||||||||||||||||
Interest rate derivative designated as a hedge of cash flows: | |||||||||||||||||||||
Interest rate swap | $ | — | $ | — | $ | — | $ | 448 | $ | 448 | |||||||||||
Nine months ended September 30, 2012 | |||||||||||||||||||||
Interest rate derivative designated as a hedge of cash flows: | |||||||||||||||||||||
Interest rate swap | $ | — | $ | — | $ | — | $ | 65 | $ | 65 | |||||||||||
Amounts included in the consolidated statements of income for the period related to non-hedging interest rate derivatives were as follows (in thousands): | |||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||
Non-hedging interest rate derivative: | |||||||||||||||||||||
Other non-interest income | $ | (19 | ) | $ | (31 | ) | $ | 22 | $ | (139 | ) | ||||||||||
Counterparty Credit Risk. Derivative contracts involve the risk of dealing with institutional derivative counterparties and their ability to meet contractual terms. Derivative contracts are executed with a Credit Support Annex, or CSA, which is a bilateral ratings-sensitive agreement that requires collateral postings at established credit threshold levels. These agreements protect the interests of the Company and its counterparties, should either party suffer a credit rating deterioration. Institutional counterparties must have an investment grade credit rating. The Company’s credit exposure on interest rate swaps is limited to the net favorable value and interest payments of all swaps by each counterparty. Credit exposure may be reduced by the amount of collateral pledged by the counterparty. There are no credit-risk-related contingent features associated with any of the Company’s derivative contracts. The Company had no credit exposure relating to the interest rate swap at September 30, 2013. The amount of cash collateral posted by the Company related to derivative contracts was $1.6 million and $2.3 million at September 30, 2013 and December 31, 2012, respectively. |
Note_10_Operating_Segment_Info
Note 10 - Operating Segment Information | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||
10. OPERATING SEGMENT INFORMATION | |||||||||||||||||||||||||||||||||
The Company operates two community banks in distinct geographical areas, and manages its operations and prepares management reports and other information with a primary focus on these geographical areas. Performance assessment and resource allocation are based upon this geographical structure. The operating segment identified as “Other” includes the parent company and eliminations of transactions between segments. The accounting policies of the individual operating segments are the same as those of the Company as described in Note 1. Transactions between operating segments are primarily conducted at fair value, resulting in profits that are eliminated for reporting consolidated results of operations. Operating segments pay for centrally provided services based upon estimated or actual usage of those services. | |||||||||||||||||||||||||||||||||
The following is a summary of selected operating segment information as of and for the three and nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||||||||||
For the Three Months Ended | For the Three Months Ended | ||||||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||||||||||
MetroBank | Metro | Other | Consolidated Company | MetroBank | Metro | Other | Consolidated Company | ||||||||||||||||||||||||||
United | United | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||||||
Total interest income | $ | 11,404 | $ | 4,657 | $ | ─ | $ | 16,061 | $ | 11,926 | $ | 4,096 | $ | 7 | $ | 16,029 | |||||||||||||||||
Total interest expense | 1,353 | 696 | 321 | 2,370 | 1,483 | 548 | 350 | 2,381 | |||||||||||||||||||||||||
Net interest income | 10,051 | 3,961 | (321 | ) | 13,691 | 10,443 | 3,548 | (343 | ) | 13,648 | |||||||||||||||||||||||
(Reduction in) provision for loan losses | (800 | ) | 145 | ─ | (655 | ) | (300 | ) | ─ | ─ | (300 | ) | |||||||||||||||||||||
Net interest income after provision for loan losses | 10,851 | 3,816 | (321 | ) | 14,346 | 10,743 | 3,548 | (343 | ) | 13,948 | |||||||||||||||||||||||
Noninterest income | 2,115 | 321 | (347 | ) | 2,089 | 2,126 | 84 | (338 | ) | 1,872 | |||||||||||||||||||||||
Noninterest expenses | 8,336 | 2,749 | 393 | 11,478 | 8,281 | 2,870 | 378 | 11,529 | |||||||||||||||||||||||||
Income (loss) before income tax provision | 4,630 | 1,388 | (1,061 | ) | 4,957 | 4,588 | 762 | (1,059 | ) | 4,291 | |||||||||||||||||||||||
Provision (benefit) for income taxes | 1,517 | 349 | (357 | ) | 1,509 | 1,449 | 321 | (360 | ) | 1,410 | |||||||||||||||||||||||
Net income (loss) | $ | 3,113 | $ | 1,039 | $ | (704 | ) | $ | 3,448 | $ | 3,139 | $ | 441 | $ | (699 | ) | $ | 2,881 | |||||||||||||||
For the nine months ended | For the nine months ended | ||||||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||||||||||
MetroBank | Metro | Other | Consolidated Company | MetroBank | Metro | Other | Consolidated Company | ||||||||||||||||||||||||||
United | United | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||||||
Total interest income | $ | 33,361 | $ | 12,986 | $ | 6 | $ | 46,353 | $ | 36,483 | $ | 12,104 | $ | 21 | $ | 48,608 | |||||||||||||||||
Total interest expense | 3,990 | 1,910 | 959 | 6,859 | 4,834 | 1,793 | 1,044 | 7,671 | |||||||||||||||||||||||||
Net interest income | 29,371 | 11,076 | (953 | ) | 39,494 | 31,649 | 10,311 | (1,023 | ) | $ | 40,937 | ||||||||||||||||||||||
(Reduction in) provision for loan losses | (1,250 | ) | 120 | ─ | (1,130 | ) | 300 | ─ | ─ | 300 | |||||||||||||||||||||||
Net interest income after provision for loan losses | 30,621 | 10,956 | (953 | ) | 40,624 | 31,349 | 10,311 | (1,023 | ) | 40,637 | |||||||||||||||||||||||
Noninterest income | 6,117 | 620 | (1,054 | ) | 5,683 | 6,188 | 260 | (1,013 | ) | 5,435 | |||||||||||||||||||||||
Noninterest expenses | 23,362 | 7,805 | 1,321 | 32,488 | 25,143 | 8,043 | 588 | 33,774 | |||||||||||||||||||||||||
Income (loss) before income tax provision | 13,376 | 3,771 | (3,328 | ) | 13,819 | 12,394 | 2,528 | (2,624 | ) | 12,298 | |||||||||||||||||||||||
Provision (benefit) for income taxes | 4,310 | 1,358 | (1,120 | ) | 4,548 | 3,921 | 995 | (893 | ) | 4,023 | |||||||||||||||||||||||
Net income (loss) | $ | 9,066 | $ | 2,413 | $ | (2,208 | ) | $ | 9,271 | $ | 8,473 | $ | 1,533 | $ | (1,731 | ) | $ | 8,275 | |||||||||||||||
As of September 30, 2013 | As of September 30, 2012 | ||||||||||||||||||||||||||||||||
MetroBank | Metro | Other | Consolidated Company | MetroBank | Metro | Other | Consolidated Company | ||||||||||||||||||||||||||
United | United | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||||||
Net loans (1) | $ | 802,569 | $ | 361,455 | $ | — | $ | 1,164,024 | $ | 759,904 | $ | 311,409 | $ | — | $ | 1,071,313 | |||||||||||||||||
Total assets | 1,146,878 | 488,848 | (1,277 | ) | 1,634,449 | 1,128,652 | 396,019 | 1,417 | 1,526,088 | ||||||||||||||||||||||||
Deposits | 957,061 | 411,749 | (16,342 | ) | 1,352,468 | 946,206 | 325,646 | (6,795 | ) | 1,265,057 | |||||||||||||||||||||||
-1 | Includes loans held-for-sale. | ||||||||||||||||||||||||||||||||
Note_11_Fair_Value
Note 11 - Fair Value | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||
11. FAIR VALUE | |||||||||||||||||
Fair value is the price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is reported based on a hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that may be used to measure fair value are: | |||||||||||||||||
● | Level 1 – Quoted prices in active markets for identical assets or liabilities. | ||||||||||||||||
● | Level 2 – Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. | ||||||||||||||||
● | Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. | ||||||||||||||||
Financial assets measured at fair value on a recurring basis are as follows: | |||||||||||||||||
Securities. Where quoted prices are available in an active market, securities are reported at fair value utilizing Level 1 inputs. Level 1 securities are comprised of bond funds. If quoted market prices are not available, the Company obtains fair values from an independent pricing service. The fair value measurements consider data that may include proprietary pricing models, quoted prices of securities with similar characteristics or discounted cash flows. Level 2 securities are comprised of highly liquid government bonds, and collateralized mortgage and debt obligations. Market values provided by the pricing service are compared to prices from other sources for reasonableness. The Company has not adjusted the values from the pricing service. | |||||||||||||||||
Interest Rate Derivatives. The Company’s derivative position is classified within Level 2 in the fair value hierarchy and is valued using models generally accepted in the financial services industry that use actively quoted or observable market input values from external market data providers and/or non-binding broker-dealer quotations. The fair value of the derivative is determined using discounted cash flow models. These models’ key assumptions include the contractual terms of the respective contract, along with significant observable inputs, including interest rates, yield curves, non-performance risk and volatility. Derivative contracts are executed with a Credit Support Annex, which is a bilateral ratings-sensitive agreement that requires collateral postings at established credit threshold levels. These agreements protect the interests of the Company and its counterparties, should either party suffer a credit rating deterioration. | |||||||||||||||||
The following table presents the financial instruments carried at fair value on a recurring basis by caption on the consolidated balance sheets and by valuation hierarchy (as described above) at September 30, 2013 and December 31, 2012: | |||||||||||||||||
Fair Value Measurements, using | |||||||||||||||||
Quoted Prices in | Significant | Significant | Fair Value | ||||||||||||||
Active Markets | Other | Unobservable | Measurements | ||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||
Assets | Inputs | (Level 3) | |||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||
Securities available-for-sale at September 30, 2013 | |||||||||||||||||
U.S. Treasury and other U.S. government sponsored enterprises and agencies | $ | — | $ | 81,746 | $ | — | $ | 81,746 | |||||||||
Obligations of state and political subdivisions | — | 17,143 | — | 17,143 | |||||||||||||
Corporate | — | 6,279 | — | 6,279 | |||||||||||||
Mortgage-backed securities and collateralized mortgage obligations: | |||||||||||||||||
Government issued or guaranteed | — | 63,727 | — | 63,727 | |||||||||||||
Privately issued residential | — | 668 | — | 668 | |||||||||||||
Asset backed securities | — | 143 | — | 143 | |||||||||||||
Investment in CRA funds | 13,951 | — | — | 13,951 | |||||||||||||
Total available-for-sale securities | 13,951 | 169,706 | — | 183,657 | |||||||||||||
Derivative asset | |||||||||||||||||
Interest rate cap | — | 63 | — | 63 | |||||||||||||
Total assets measured at fair value on a recurring basis | $ | 13,951 | $ | 169,769 | $ | — | $ | 183,720 | |||||||||
Derivative liability at September 30, 2013 | |||||||||||||||||
Interest rate swap | $ | — | $ | (1,327 | ) | $ | — | $ | (1,327 | ) | |||||||
Securities available-for-sale at December 31, 2012 | |||||||||||||||||
U.S. Treasury and other U.S. government sponsored enterprises and agencies | $ | — | $ | 71,181 | $ | — | $ | 71,181 | |||||||||
Obligations of state and political subdivisions | — | 13,389 | — | 13,389 | |||||||||||||
Corporate | — | 6,350 | — | 6,350 | |||||||||||||
Mortgage-backed securities and collateralized mortgage obligations: | |||||||||||||||||
Government issued or guaranteed | — | 57,941 | — | 57,941 | |||||||||||||
Privately issued residential | — | 683 | — | 683 | |||||||||||||
Asset backed securities | — | 143 | — | 143 | |||||||||||||
Investment in CRA funds | 14,361 | — | — | 14,361 | |||||||||||||
Total available-for-sale securities | 14,361 | 149,687 | — | 164,048 | |||||||||||||
Derivative asset | |||||||||||||||||
Interest rate cap | — | 41 | — | 41 | |||||||||||||
Total assets measured at fair value on a recurring basis | $ | 14,361 | $ | 149,728 | $ | — | $ | 164,089 | |||||||||
Derivative liability at December 31, 2012 | |||||||||||||||||
Interest rate swap | $ | — | $ | (1,775 | ) | $ | — | $ | (1,775 | ) | |||||||
There were no transfers between Level 1 and Level 2 financial instruments carried at fair value on a recurring basis. | |||||||||||||||||
Certain non-financial assets measured at fair value on a recurring basis include reporting units measured at fair value in the first step of a goodwill impairment test. Certain non-financial assets measured at fair value on a non-recurring basis include non-financial assets and non-financial liabilities measured at fair value in the second step of a goodwill impairment test, and intangible assets measured at fair value for impairment assessment, as well as foreclosed assets. Certain financial assets are measured at fair value on a non-recurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). | |||||||||||||||||
Non-financial and financial assets measured at fair value on a non-recurring basis include the following: | |||||||||||||||||
Foreclosed Assets. Foreclosed assets are carried at fair value less costs to sell. The fair value measurements of foreclosed assets can include Level 2 measurement inputs such as real estate appraisals and comparable real estate sales information, in conjunction with Level 3 measurement inputs such as cash flow projections, qualitative adjustments, sales cost estimates, etc. As a result, the categorization of foreclosed assets is Level 3 of the fair value hierarchy. In connection with the measurement and initial recognition of certain foreclosed assets, the Company may recognize charge-offs through the allowance for loan losses, and subsequent to initial recognition based on updated appraisals or other factors, may remeasure foreclosed assets to fair value through a write-down included in other non-interest expense. | |||||||||||||||||
Impaired Loans. Certain impaired loans with a valuation reserve are measured for impairment using the practical expedient, whereby fair value of the loan is based on the fair value of the loan’s collateral, provided the loan is collateral dependent. The fair value measurements of loan collateral can include real estate appraisals, comparable real estate sales information, cash flow projections, realization estimates, etc., all of which can include observable and unobservable inputs. As a result, the categorization of impaired loans can be either Level 2 or Level 3 of the fair value hierarchy, depending on the nature of the inputs used for measuring the related collateral’s fair value. As of September 30, 2013 and December 31, 2012, certain impaired loans were remeasured and reported at fair value through a specific valuation allowance allocation of the allowance for loan losses based upon the fair value of the underlying collateral. | |||||||||||||||||
The following presents assets carried at fair value on a nonrecurring basis by caption on the condensed consolidated balance sheets and by valuation hierarchy (as described above) at September 30, 2013 and December 31, 2012 (in thousands): | |||||||||||||||||
As of September 30, 2013 | As of December 31, 2012 | ||||||||||||||||
Level 2 | Level 3 | Level 2 | Level 3 | ||||||||||||||
Assets | |||||||||||||||||
Foreclosed assets | $ | — | $ | 9,373 | $ | — | $ | 12,555 | |||||||||
Impaired loans (1) | 485 | — | 4,646 | — | |||||||||||||
(1) Impaired loans represent collateral dependent impaired loans with a specific valuation reserve. | |||||||||||||||||
The following presents losses related to fair value adjustments that are included in the consolidated statements of income for the three and six months ended September 30, 2013 and 2012 related to assets held at those dates (in thousands): | |||||||||||||||||
Three Months ended September 30, | Nine months ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Losses related to: | |||||||||||||||||
Foreclosed assets (1) | $ | 14 | $ | 598 | $ | 117 | $ | 1,520 | |||||||||
Impaired loans (2) | — | — | 50 | 451 | |||||||||||||
(1) Losses represent related losses on foreclosed properties that were written down subsequent to their initial classification as foreclosed properties. | |||||||||||||||||
(2) Losses on impaired loans represent charge-offs which are netted against the allowance for loan losses. | |||||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||
FASB Codification 825 requires disclosure of the fair value of financial assets and liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis. | |||||||||||||||||
The estimated fair values of financial instruments that are reported at amortized cost in the Company’s consolidated balance sheets, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value, were as follows: | |||||||||||||||||
As of September 30, 2013 | As of December 31, 2012 | ||||||||||||||||
Carrying or | Estimated | Carrying or | Estimated | ||||||||||||||
Contract Amount | Fair Value | Contract Amount | Fair Value | ||||||||||||||
(In thousands) | |||||||||||||||||
Financial Assets | |||||||||||||||||
Level 2 inputs: | |||||||||||||||||
Cash and cash equivalents | $ | 167,490 | $ | 167,490 | $ | 159,449 | $ | 159,449 | |||||||||
Interest-bearing deposits in banks | 15,616 | 15,616 | 15,321 | 15,321 | |||||||||||||
Investment securities held-to-maturity | 7,788 | 8,108 | 4,046 | 4,757 | |||||||||||||
Other investments | 5,702 | 5,702 | 5,592 | 5,592 | |||||||||||||
Cash value of bank owned life insurance | 33,721 | 33,721 | 32,794 | 32,794 | |||||||||||||
Accrued interest receivable | 3,753 | 3,753 | 4,120 | 4,120 | |||||||||||||
Level 3 inputs: | |||||||||||||||||
Loans held-for-investment, net (1) | 1,164,024 | 1,149,087 | 1,075,745 | 1,062,432 | |||||||||||||
Financial Liabilities | |||||||||||||||||
Level 2 inputs: | |||||||||||||||||
Deposit transaction accounts | 798,693 | 798,693 | 808,377 | 808,377 | |||||||||||||
Junior subordinated debentures | 36,083 | 36,083 | 36,083 | 36,083 | |||||||||||||
Accrued interest payable | 280 | 280 | 233 | 233 | |||||||||||||
Level 3 inputs: | |||||||||||||||||
Time deposits | 553,775 | 556,408 | 458,653 | 461,672 | |||||||||||||
Other borrowings | 46,000 | 46,737 | 25,000 | 25,008 | |||||||||||||
Off-balance sheet financial instruments | |||||||||||||||||
Unfunded loan commitments, including unfunded lines of credit | — | 214 | — | 251 | |||||||||||||
Standby letters of credit | — | 23 | — | 24 | |||||||||||||
-1 | Includes loans held-for-sale. | ||||||||||||||||
The following methodologies and assumptions were used to estimate the fair value of the Company’s financial instruments as disclosed in the table: | |||||||||||||||||
Assets for Which Fair Value Approximates Carrying Value. The fair values of certain financial assets and liabilities carried at cost, including cash and due from banks, interest-bearing deposits with banks, federal funds sold, cash value of bank owned life insurance, certificates of deposit with banks denominated in a foreign currency, due from customers on acceptances and accrued interest receivable, are considered to approximate their respective carrying values due to their short-term nature and/or negligible credit risks. | |||||||||||||||||
Investment Securities. Fair values are based primarily upon quoted market prices obtained from an independent pricing service. | |||||||||||||||||
Loans Held-for-Investment. The fair value of loans held-for-investment originated by the Banks is estimated by discounting the expected future cash flows using the current interest rates at which similar loans with similar terms would be made. The presence of floors on a large portion of the variable rate loans has supported the yields above current market levels and is the key factor causing the fair value of the variable rate loans with floors to exceed the book value. The fair value of the remainder of the variable rate loans approximates the carrying value while fixed rate loans are generally above the carrying values. Using these results, valuation adjustments are made for specific credit risks as well as general portfolio credit and market risks to arrive at the fair value. | |||||||||||||||||
Loans Held-for-Sale. The Company's loans held-for-sale are carried at the lower of cost or fair value utilizing Level 1 inputs based on contractual sales prices. These loans currently consist of SBA loans. | |||||||||||||||||
Liabilities for Which Fair Value Approximates Carrying Value. The estimated fair value for transactional deposit liabilities with no stated maturity (i.e., demand, savings, and money market deposits) approximates the carrying value. The estimated fair value of deposits does not take into account the value of the Company’s long-term relationships with depositors, commonly known as core deposit intangibles, which are separate intangible assets, and not considered financial instruments. Nonetheless, the company would likely realize a core deposit premium if its deposit portfolio were sold in the principal market for such deposits. | |||||||||||||||||
The fair value of acceptances outstanding, accounts payable and accrued liabilities are considered to approximate their respective carrying values due to their short-term nature. | |||||||||||||||||
Time Deposits. Fair values for fixed-rate time deposits are estimated using a discounted cash flow calculation that applies interest rates currently being offered on time deposits to a schedule of aggregated expected monthly maturities on time deposits. | |||||||||||||||||
Other Borrowings. The carrying amounts of federal funds purchased, borrowings under repurchase agreements, and other borrowings maturing within fourteen days approximate their fair values. Fair values of other borrowings are estimated using discounted cash flow analyses based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements. | |||||||||||||||||
Junior Subordinated Debentures. The fair value of the junior subordinated debentures approximates the carrying value as the debentures reprice quarterly. | |||||||||||||||||
Commitments to Extend Credit and Letters of Credit. The fair value of such instruments is estimated using the unamortized portion of fees collected for execution of such credit facility. |
Note_12_Income_Taxes
Note 12 - Income Taxes | 9 Months Ended |
Sep. 30, 2013 | |
Income Tax Disclosure [Abstract] | ' |
Income Tax Disclosure [Text Block] | ' |
12. INCOME TAXES | |
The Company’s effective tax rate was 30.4% for three months ended September 30, 2013 compared with 32.9% for the three months ended September 30, 2012. The decrease in the effective income tax rate in 2013 as compared to 2012 was partially the result of adjustments related to state income taxes, bank owned life insurance investment income and foreign taxes. Additionally, the effective income tax rates for the three months ended September 30, 2013 and 2012 were impacted by the amount of other non-deductible expense and non-taxable income in each respective period, and also relative to the pre-tax income upon which the effective income tax rate was calculated. The Texas state tax is based on the Company’s gross margin with limited deductions. Because the Texas state tax allows only limited deductions the tax may not correlate, from year to year, with pre-tax income. The California state tax is based on the unitary income of the consolidated group which can vary disproportionately from pre-tax income depending on the apportionment of income among members of the unitary group. Income tax expense for the nine months ended September 30, 2013 was $4.5 million, compared with $4.0 million for the same period in 2012. The Company’s effective tax rate was 32.9% for the nine months ended September 30, 2013 compared with 32.7% for the nine months ended September 30, 2012. | |
As of September 30, 2013, the Company had approximately $15.3 million in deferred tax assets. Deferred tax assets are subject to an evaluation of whether it is more likely than not that they will be realized. The Company has not provided a valuation allowance for the deferred tax assets at September 30, 2013 and December 31, 2012 due to its ability to offset reversals of net deductible temporary differences against income taxes paid in previous years and expected to be paid in future years. In making such judgments, significant weight is given to evidence that can be objectively verified. Because of historical losses that were recorded by the Company for the years ended December 31, 2010 and 2009, and if the Company is unable to generate sufficient taxable income in the future, then the Company may not be able to conclude it is more likely than not that the benefits of the deferred tax assets will be fully realized and may be required to recognize a valuation allowance and a corresponding income tax expense equal to the portion of the deferred tax assets that may not be realized. | |
The U.S. Federal and California State net operating loss carryforward period of 20 years provides enough time to utilize the deferred tax assets pertaining to the existing net operating loss carryforwards and any net operating losses that would be created by the reversal of the future net deductions which have not yet been taken on a tax return. |
Note_13_New_Authoritative_Acco
Note 13 - New Authoritative Accounting Guidance | 9 Months Ended |
Sep. 30, 2013 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | ' |
13. NEW AUTHORITATIVE ACCOUNTING GUIDANCE | |
Accounting Standards Update (“ASU”) No.2013-11 – “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists”. ASU No. 2013-11 eliminates the diversity in reporting an unrecognized tax benefit when a net operating loss carryforward or similar tax loss exists. ASU No. 2013-11 requires, in most circumstances, that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward or similar tax loss. The ASU will be effective prospectively for the Company for annual and interim periods beginning on January 1, 2014 and is not expected to have a material impact on the Company's financial condition, results of operations or cash flows. | |
ASU No. 2013-10 – “Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes”. ASU No. 2013-10 permits the Fed Funds Effective Swap Rate (OIS) to be used as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815, in addition to Treasury obligations of the U.S. government (UST) and London Interbank Offered Rate (LIBOR). The amendments also remove the restriction on using different benchmark rates for similar hedges. The ASU was effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013 and did not have a material impact on the Company’s financial condition, results of operation or cash flows. | |
ASU No. 2013-02–“Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income”. ASU No. 2013-02 does not change the current requirements for reporting net income or other comprehensive income in financial statements. However, the amendments require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under U.S. GAAP that provide additional detail about those amounts ASU No. 2013-02 was effective for the Company for annual and interim periods beginning on January 1, 2013 and did not have a material impact on the Company's financial condition, results of operations or cash flows. | |
ASU No. 2013-01 – “Balance Sheet (Topic 210) – Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities”. ASU No. 2013-01 addresses implementation issues about the scope of ASU No. 2011-11 “Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities” and clarifies that ASU No. 2011-11 applies to derivatives accounted for in accordance with Topic 815, Derivatives and Hedging, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with Section 210-20-45 or Section 815-10-45 or subject to an enforceable master netting arrangement or similar agreement . ASU No. 2013-01 was effective for the Company for annual and interim periods beginning on January 1, 2013 and did not have a material impact on the Company's financial condition, results of operations or cash flows. | |
ASU No. 2012-06 – “Business Combinations (Topic 805) - Subsequent Accounting for an Indemnification Asset Recognized at the Acquisition Date as a Result of a Government-Assisted Acquisition of a Financial Institution”. ASU No. 2012-06 states that when a reporting entity recognizes an indemnification asset (in accordance with Subtopic 805-20) as a result of a government-assisted acquisition of a financial institution and subsequently a change in the cash flows expected to be collected on the indemnification asset occurs, the reporting entity should subsequently account for the change in the measurement of the indemnification asset on the same basis as the change in the assets subject to indemnification. Any amortization of changes in value should be limited to the contractual term of the indemnification agreement (that is, the lesser of the term of the indemnification agreement and the remaining life of the indemnified assets). ASU No. 2012-06 was effective for the Company for annual and interim periods beginning on January 1, 2013 and did not have a material impact on the Company's financial condition, results of operations or cash flows. | |
ASU No. 2012-04 – “Technical Corrections and Improvements”. The amendments in ASU No. 2012-04 represent changes to clarify the FASB Codification, correct unintended application of guidance, or make minor improvements to the Codification that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The amendments are categorized as (1) source literature amendments (2) guidance clarification and reference corrections and (3) relocated guidance. Additionally, the amendments are intended to make the Codification easier to understand and the fair value measurement guidance easier to apply by eliminating inconsistencies and providing needed clarifications. The amendments in ASU No. 2012-04 that do not have transition guidance were effective October 1, 2012. The amendments that are subject to the transition guidance were effective for fiscal periods beginning on January 1, 2013. ASU No. 2012-04 did not have a material impact on the Company's financial condition, results of operations or cash flows. | |
ASU No. 2012-02 "Intangibles – Goodwill and Other (Topic 350) – Testing Indefinite-Lived Intangible Assets for Impairment". ASU No. 2012-02 gives entities the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that an indefinite-lived intangible asset is impaired. If, after assessing the totality of events or circumstances, an entity determines it is more likely than not that an indefinite-lived intangible asset is impaired, then the entity must perform the quantitative impairment test. If, under the quantitative impairment test, the carrying amount of the intangible asset exceeds its fair value, an entity should recognize an impairment loss in the amount of that excess. Permitting an entity to assess qualitative factors when testing indefinite-lived intangible assets for impairment results in guidance that is similar to the goodwill impairment testing guidance in ASU No. 2011-08. ASU No. 2012-02 was effective for the Company beginning January 1, 2013 and did not have a significant impact on the Company's financial condition, results of operations or cash flows. | |
ASU No. 2011-11, "Balance Sheet (Topic 210) - "Disclosures about Offsetting Assets and Liabilities". ASU No. 2011-11 amends Topic 210, "Balance Sheet," to require an entity to disclose both gross and net information about financial instruments, such as sales and repurchase agreements and reverse sale and repurchase agreements and securities borrowing/lending arrangements, and derivative instruments that are eligible for offset in the statement of financial position and/or subject to a master netting arrangement or similar agreement. ASU No. 2011-11 was effective for the Company for annual and interim periods beginning on January 1, 2013 and did not have a material impact on the Company's financial condition, results of operations or cash flows. |
Note_2_Securities_Tables
Note 2 - Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Investments Schedule [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | ' | ||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||
Amortized | Unrealized | Fair | |||||||||||||||||||||||
Cost | Gains | Losses | OTTI | Value | |||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Securities available-for-sale | |||||||||||||||||||||||||
Debt securities | |||||||||||||||||||||||||
U.S. Treasury and other U.S. government sponsored enterprises and agencies | $ | 86,395 | $ | - | $ | (4,649 | ) | $ | - | $ | 81,746 | ||||||||||||||
Obligations of state and political subdivisions | 17,899 | 156 | (912 | ) | - | 17,143 | |||||||||||||||||||
Corporate | 6,063 | 216 | - | - | 6,279 | ||||||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | |||||||||||||||||||||||||
Government issued or guaranteed | 63,874 | 782 | (929 | ) | - | 63,727 | |||||||||||||||||||
Privately issued residential | 588 | 379 | - | (299 | ) | 668 | |||||||||||||||||||
Asset backed securities | 152 | 143 | - | (152 | ) | 143 | |||||||||||||||||||
Equity Securities | |||||||||||||||||||||||||
Community Reinvestment Act (“CRA”) funds | 14,352 | - | (401 | ) | - | 13,951 | |||||||||||||||||||
Total available-for-sale securities | $ | 189,323 | $ | 1,676 | $ | (6,891 | ) | $ | (451 | ) | $ | 183,657 | |||||||||||||
Securities held-to-maturity | |||||||||||||||||||||||||
Obligations of state and political subdivisions | $ | 7,788 | $ | 372 | $ | (52 | ) | $ | - | $ | 8,108 | ||||||||||||||
Total held-to-maturity securities | $ | 7,788 | $ | 372 | $ | (52 | ) | $ | - | $ | 8,108 | ||||||||||||||
Other investments | |||||||||||||||||||||||||
Federal Home Loan Bank (“FHLB”)(1)/Federal Reserve Bank stock (2) | $ | 4,619 | $ | - | $ | - | $ | - | $ | 4,619 | |||||||||||||||
Investment in subsidiary trust (3) | 1,083 | - | - | - | 1,083 | ||||||||||||||||||||
Total other investments | $ | 5,702 | $ | - | $ | - | $ | - | $ | 5,702 | |||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||
Amortized | Unrealized | Fair | |||||||||||||||||||||||
Cost | Gains | Losses | OTTI | Value | |||||||||||||||||||||
Securities available-for-sale | |||||||||||||||||||||||||
Debt securities | |||||||||||||||||||||||||
U.S. Treasury and other U.S. government sponsored enterprises and agencies | $ | 70,892 | $ | 362 | $ | (73 | ) | $ | — | $ | 71,181 | ||||||||||||||
Obligations of state and political subdivisions | 12,810 | 579 | — | — | 13,389 | ||||||||||||||||||||
Corporate | 6,080 | 270 | — | — | 6,350 | ||||||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations: | |||||||||||||||||||||||||
Government issued or guaranteed | 56,572 | 1,369 | — | — | 57,941 | ||||||||||||||||||||
Privately issued residential | 718 | 330 | — | (365 | ) | 683 | |||||||||||||||||||
Asset backed securities | 187 | 129 | — | (173 | ) | 143 | |||||||||||||||||||
Equity securities | |||||||||||||||||||||||||
Investment in CRA funds | 14,128 | 233 | — | — | 14,361 | ||||||||||||||||||||
Total available-for-sale securities | $ | 161,387 | $ | 3,272 | $ | (73 | ) | $ | (538 | ) | $ | 164,048 | |||||||||||||
Securities held-to-maturity | |||||||||||||||||||||||||
Obligations of state and political subdivisions | $ | 4,046 | $ | 711 | $ | — | $ | — | $ | 4,757 | |||||||||||||||
Total held-to-maturity securities | $ | 4,046 | $ | 711 | $ | — | $ | — | $ | 4,757 | |||||||||||||||
Other investments | |||||||||||||||||||||||||
FHLB (1)/Federal Reserve Bank (2) stock | 4,509 | — | — | — | 4,509 | ||||||||||||||||||||
Investment in subsidiary trust (3) | 1,083 | — | — | — | 1,083 | ||||||||||||||||||||
Total other investments | $ | 5,592 | $ | — | $ | — | $ | — | $ | 5,592 | |||||||||||||||
Unrealized Gain (Loss) on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||
Less Than 12 Months | Greater Than 12 Months | Total | |||||||||||||||||||||||
Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Securities available-for-sale | |||||||||||||||||||||||||
U.S. Treasury and other U.S. government sponsored enterprises and agencies | $ | 81,747 | $ | (4,649 | ) | $ | — | $ | — | $ | 81,747 | $ | (4,649 | ) | |||||||||||
Obligations of state and political subdivisions | 14,161 | (912 | ) | — | — | 14,161 | (912 | ) | |||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | |||||||||||||||||||||||||
Government issued or guaranteed | 35,108 | (929 | ) | — | — | 35,108 | (929 | ) | |||||||||||||||||
Privately issued residential | 17 | — | — | — | 17 | — | |||||||||||||||||||
CRA funds | 13,951 | (401 | ) | 13,951 | (401 | ) | |||||||||||||||||||
Total available-for-sale securities | $ | 144,984 | $ | (6,891 | ) | $ | — | $ | — | $ | 144,984 | $ | (6,891 | ) | |||||||||||
Securities held-to-maturity | |||||||||||||||||||||||||
Obligations of state and political subdivisions | $ | 2,158 | $ | (52 | ) | $ | — | $ | — | $ | 2,158 | $ | (52 | ) | |||||||||||
Total held-to-maturity securities | $ | 2,158 | $ | (52 | ) | $ | — | $ | — | $ | 2,158 | $ | (52 | ) | |||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||
Less Than 12 Months | Greater Than 12 Months | Total | |||||||||||||||||||||||
Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Securities available-for-sale | |||||||||||||||||||||||||
U.S. Treasury and other U.S. government sponsored enterprises and agencies | $ | 9,921 | $ | (73 | ) | $ | — | $ | — | $ | 9,921 | $ | (73 | ) | |||||||||||
Mortgage-backed securities and collateralized mortgage obligations | |||||||||||||||||||||||||
Privately issued residential | — | — | 72 | — | 72 | — | |||||||||||||||||||
Total securities | $ | 9,921 | $ | (73 | ) | $ | 72 | $ | — | $ | 9,993 | $ | (73 | ) | |||||||||||
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block] | ' | ||||||||||||||||||||||||
Impairment related to credit losses | |||||||||||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Credit losses at beginning of period | $ | 1,748 | $ | 1,716 | |||||||||||||||||||||
Additions to OTTI that were not previously recognized | 3 | 3 | |||||||||||||||||||||||
Additions to OTTI that was previously recognized when there is no intent to sell and no requirement to sell before recovery of the amortized cost basis | 4 | 4 | |||||||||||||||||||||||
Transfers from accumulated other comprehensive income (loss) to OTTI related to credit losses | 3 | 35 | |||||||||||||||||||||||
Credit losses at end of period | $ | 1,758 | $ | 1,758 | |||||||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | ||||||||||||||||||||||||
Securities | Securities | ||||||||||||||||||||||||
Available-for-sale | Held-to-maturity | ||||||||||||||||||||||||
Amortized | Fair | Amortized | Fair | ||||||||||||||||||||||
Cost | Value | Cost | Value | ||||||||||||||||||||||
Within one year | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Within two to five years | 20,053 | 20,088 | — | — | |||||||||||||||||||||
Within six to ten years | 73,188 | 68,785 | — | — | |||||||||||||||||||||
After ten years | 17,268 | 16,438 | 7,788 | 8,108 | |||||||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | 64,462 | 64,395 | — | — | |||||||||||||||||||||
Total debt securities | $ | 174,971 | $ | 169,706 | $ | 7,788 | $ | 8,108 |
Note_3_Loans_Tables
Note 3 - Loans (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Note 3 - Loans (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||||||||||||||||||||||
30-Sep-13 | Gross Loan | Deferred Loan | Accrued | Recorded | |||||||||||||||||||||||||
Balance | Fees | Interest | Investment | ||||||||||||||||||||||||||
Receivable | in Loans | ||||||||||||||||||||||||||||
Commercial and industrial | $ | 439,420 | $ | (956 | ) | $ | 1,137 | $ | 439,601 | ||||||||||||||||||||
Real estate mortgage | 734,978 | (1,549 | ) | 1,851 | 735,280 | ||||||||||||||||||||||||
Real estate construction | 8,683 | (101 | ) | 25 | 8,607 | ||||||||||||||||||||||||
Consumer and other | 4,483 | (134 | ) | 13 | 4,362 | ||||||||||||||||||||||||
Total | $ | 1,187,564 | $ | (2,740 | ) | $ | 3,026 | $ | 1,187,850 | ||||||||||||||||||||
31-Dec-12 | Gross Loan | Deferred Loan | Accrued | Recorded | |||||||||||||||||||||||||
Balance | Fees | Interest | Investment | ||||||||||||||||||||||||||
Receivable | in Loans | ||||||||||||||||||||||||||||
Commercial and industrial | $ | 383,641 | $ | (814 | ) | $ | 1,078 | $ | 383,905 | ||||||||||||||||||||
Real estate mortgage | 702,051 | (1,595 | ) | 2,024 | 702,480 | ||||||||||||||||||||||||
Real estate construction | 9,704 | (30 | ) | 18 | 9,692 | ||||||||||||||||||||||||
Consumer and other | 7,531 | (151 | ) | 21 | 7,401 | ||||||||||||||||||||||||
Total | $ | 1,102,927 | $ | (2,590 | ) | $ | 3,141 | $ | 1,103,478 | ||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||
As of September 30, 2013 | Commercial and industrial | Real estate | Real estate construction | Consumer and other | Total | ||||||||||||||||||||||||
mortgage | |||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||
1-6 - “Pass” | $ | 425,498 | $ | 673,267 | $ | 8,607 | $ | 4,362 | $ | 1,111,734 | |||||||||||||||||||
7 - “Special Mention”/ “Watch” | 2,851 | 17,714 | — | — | 20,565 | ||||||||||||||||||||||||
8 - “Substandard” | 11,252 | 44,299 | — | — | 55,551 | ||||||||||||||||||||||||
9 -“Doubtful" | — | — | — | — | — | ||||||||||||||||||||||||
Total | $ | 439,601 | $ | 735,280 | $ | 8,607 | $ | 4,362 | $ | 1,187,850 | |||||||||||||||||||
As of December 31, 2012 | Commercial and industrial | Real estate | Real estate construction | Consumer and other | Total | ||||||||||||||||||||||||
mortgage | |||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||
1-6 - “Pass” | $ | 366,571 | $ | 611,159 | $ | 5,163 | $ | 7,401 | $ | 990,294 | |||||||||||||||||||
7 - “Special Mention”/ “Watch” | 4,393 | 14,593 | — | — | 18,986 | ||||||||||||||||||||||||
8 - “Substandard” | 12,941 | 76,728 | 4,529 | — | 94,198 | ||||||||||||||||||||||||
9 -“Doubtful" | — | — | — | — | — | ||||||||||||||||||||||||
Total | $ | 383,905 | $ | 702,480 | $ | 9,692 | $ | 7,401 | $ | 1,103,478 | |||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
As of September 30, 2013 | 30-59 Days | 60-89 Days | Greater Than | Total Past | Current | Total Recorded | Recorded | ||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | Investment | Investment | ||||||||||||||||||||||||
in Loans | 90 Days | ||||||||||||||||||||||||||||
and Accruing | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,974 | $ | 414 | $ | 1,178 | $ | 3,566 | $ | 436,035 | $ | 439,601 | $ | — | |||||||||||||||
Real estate mortgage: | |||||||||||||||||||||||||||||
Residential | 482 | — | 124 | 606 | 39,468 | 40,074 | — | ||||||||||||||||||||||
Commercial | 16,891 | — | 8,596 | 25,487 | 669,719 | 695,206 | — | ||||||||||||||||||||||
Real estate construction: | |||||||||||||||||||||||||||||
Residential | — | — | — | — | 4,911 | 4,911 | — | ||||||||||||||||||||||
Commercial | — | — | — | — | 3,696 | 3,696 | — | ||||||||||||||||||||||
Consumer and other | 8 | — | — | 8 | 4,354 | 4,362 | — | ||||||||||||||||||||||
Total | $ | 19,355 | $ | 414 | $ | 9,898 | $ | 29,667 | $ | 1,158,183 | $ | 1,187,850 | $ | — | |||||||||||||||
As of December 31, 2012 | 30-59 Days | 60-89 Days | Greater Than | Total Past | Current | Total Recorded | Recorded | ||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | Investment | Investment | ||||||||||||||||||||||||
in Loans | 90 Days | ||||||||||||||||||||||||||||
and Accruing | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 2,233 | $ | 817 | $ | 1,308 | $ | 4,358 | $ | 379,547 | $ | 383,905 | $ | — | |||||||||||||||
Real estate mortgage: | |||||||||||||||||||||||||||||
Residential | — | — | 239 | 239 | 36,667 | 36,906 | — | ||||||||||||||||||||||
Commercial | 114 | 3,817 | 18,141 | 22,072 | 643,502 | 665,574 | — | ||||||||||||||||||||||
Real estate construction: | |||||||||||||||||||||||||||||
Residential | — | — | 1,426 | 1,426 | 984 | 2,410 | — | ||||||||||||||||||||||
Commercial | 150 | — | 3,103 | 3,253 | 4,029 | 7,282 | — | ||||||||||||||||||||||
Consumer and other | — | — | — | — | 7,401 | 7,401 | — | ||||||||||||||||||||||
Total | $ | 2,497 | $ | 4,634 | $ | 24,217 | $ | 31,348 | $ | 1,072,130 | $ | 1,103,478 | $ | — | |||||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | ' | ||||||||||||||||||||||||||||
Recorded investment in nonaccrual loans | 30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||
Commercial and industrial | $ | 1,441 | $ | 1,308 | |||||||||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||||||||||||
Residential | 606 | 239 | |||||||||||||||||||||||||||
Commercial | 12,969 | 22,501 | |||||||||||||||||||||||||||
Real estate construction: | |||||||||||||||||||||||||||||
Residential | — | 1,426 | |||||||||||||||||||||||||||
Commercial | — | 3,103 | |||||||||||||||||||||||||||
Total | $ | 15,016 | $ | 28,577 | |||||||||||||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
As of September 30, 2013 | Recorded | Unpaid | Related | Average | |||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | ||||||||||||||||||||||||||
Balance | Investment | ||||||||||||||||||||||||||||
Impaired loans with no allowance | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,441 | $ | 1,441 | $ | — | $ | 1,036 | |||||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||||||||||||
Residential | 606 | 606 | — | 451 | |||||||||||||||||||||||||
Commercial | 12,700 | 12,713 | — | 14,204 | |||||||||||||||||||||||||
Real estate construction: | |||||||||||||||||||||||||||||
Residential | — | — | — | 713 | |||||||||||||||||||||||||
Commercial | — | — | — | 1,552 | |||||||||||||||||||||||||
Impaired loans with an allowance | |||||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | — | $ | 216 | |||||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||||||||||||
Commercial | 657 | 658 | 174 | 2,463 | |||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,441 | $ | 1,441 | $ | — | $ | 1,252 | |||||||||||||||||||||
Real estate mortgage | 13,963 | 13,977 | 174 | 17,118 | |||||||||||||||||||||||||
Real estate construction | — | — | — | 2,265 | |||||||||||||||||||||||||
As of December 31, 2012 | Recorded | Unpaid | Related | Average | |||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | ||||||||||||||||||||||||||
Balance | Investment | ||||||||||||||||||||||||||||
Impaired loans with no allowance | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,287 | $ | 1,289 | $ | — | $ | 5,162 | |||||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||||||||||||
Residential | 239 | 239 | — | 213 | |||||||||||||||||||||||||
Commercial | 18,369 | 18,369 | — | 19,732 | |||||||||||||||||||||||||
Real estate construction: | |||||||||||||||||||||||||||||
Residential | 1,426 | 1,426 | — | 1,529 | |||||||||||||||||||||||||
Commercial | 3,103 | 3,103 | — | 3,171 | |||||||||||||||||||||||||
Impaired loans with an allowance | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 21 | $ | 21 | $ | 21 | $ | 1,434 | |||||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||||||||||||
Commercial | 4,533 | 4,535 | 503 | 6,836 | |||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,308 | $ | 1,310 | $ | 21 | $ | 6,596 | |||||||||||||||||||||
Real estate mortgage | 23,141 | 23,143 | 503 | 26,781 | |||||||||||||||||||||||||
Real estate construction | 4,529 | 4,529 | — | 4,700 | |||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||
Troubled Debt Restructurings | Number | Pre-Modification Outstanding | Post-Modification Outstanding | ||||||||||||||||||||||||||
of | Recorded | Recorded | |||||||||||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||||||||||
Commercial and industrial | 1 | $ | 229 | $ | 208 | ||||||||||||||||||||||||
Real estate mortgage: | |||||||||||||||||||||||||||||
Residential | 1 | 696 | 482 | ||||||||||||||||||||||||||
Commercial | 4 | 3,074 | 2,636 | ||||||||||||||||||||||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
As of and for the three months ended | Commercial | Real | Real estate - construction | Consumer | Unallocated | Total | |||||||||||||||||||||||
30-Sep-13 | and | estate- | and other | ||||||||||||||||||||||||||
industrial | mortgage | ||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 7,523 | $ | 13,176 | $ | 75 | $ | 70 | $ | 988 | $ | 21,832 | |||||||||||||||||
(Reduction in) provision for loan losses | (31 | ) | (918 | ) | 72 | (11 | ) | 233 | (655 | ) | |||||||||||||||||||
Charge-offs | (450 | ) | (41 | ) | (17 | ) | (9 | ) | — | (517 | ) | ||||||||||||||||||
Recoveries | 124 | 14 | — | 2 | — | 140 | |||||||||||||||||||||||
Allowance for loan losses at end of period | $ | 7,166 | $ | 12,231 | $ | 130 | $ | 52 | $ | 1,221 | $ | 20,800 | |||||||||||||||||
Ending allowance for loan losses balance for loans individually evaluated for impairment | $ | — | $ | 174 | $ | — | $ | — | $ | 174 | |||||||||||||||||||
Ending allowance for loan losses balance for loans collectively evaluated for impairment | $ | 7,166 | $ | 12,057 | $ | 130 | $ | 52 | $ | 19,405 | |||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Recorded investment in loans | $ | 439,601 | $ | 735,280 | $ | 8,607 | $ | 4,362 | $ | 1,187,850 | |||||||||||||||||||
Recorded investment in loans individually evaluated for impairment | $ | 1,441 | $ | 13,963 | $ | — | $ | — | $ | 15,404 | |||||||||||||||||||
Recorded investment in loans collectively evaluated for impairment | $ | 438,160 | $ | 721,317 | $ | 8,607 | $ | 4,362 | $ | 1,172,446 | |||||||||||||||||||
As of and for the three months ended | Commercial | Real | Real estate - construction | Consumer | Unallocated | Total | |||||||||||||||||||||||
30-Sep-12 | and | estate- | and other | ||||||||||||||||||||||||||
industrial | mortgage | ||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 9,146 | $ | 16,151 | $ | 185 | $ | 106 | $ | 1,723 | $ | 27,311 | |||||||||||||||||
(Reduction in) provision for loan losses | 922 | (574 | ) | (6 | ) | 50 | (692 | ) | (300 | ) | |||||||||||||||||||
Charge-offs | (1,464 | ) | (130 | ) | — | (31 | ) | — | (1,625 | ) | |||||||||||||||||||
Recoveries | 32 | 118 | — | 6 | — | 156 | |||||||||||||||||||||||
Allowance for loan losses at end of period | $ | 8,636 | $ | 15,565 | $ | 179 | $ | 131 | $ | 1,031 | $ | 25,542 | |||||||||||||||||
Ending allowance for loan losses balance for loans individually evaluated for impairment | $ | 23 | $ | 953 | $ | — | $ | — | $ | 976 | |||||||||||||||||||
Ending allowance for loan losses balance for loans collectively evaluated for impairment | $ | 8,613 | $ | 14,612 | $ | 179 | $ | 131 | $ | 23,535 | |||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Recorded investment in loans | $ | 377,309 | $ | 708,121 | $ | 7,907 | $ | 6,723 | $ | 1,100,060 | |||||||||||||||||||
Recorded investment in loans individually evaluated for impairment | $ | 7,357 | $ | 27,441 | $ | 5,492 | $ | 1 | $ | 40,291 | |||||||||||||||||||
Recorded investment in loans collectively evaluated for impairment | $ | 369,952 | $ | 680,680 | $ | 2,415 | $ | 6,722 | $ | 1,059,769 | |||||||||||||||||||
As of and for the nine months ended | Commercial | Real | Real estate - construction | Consumer | Unallocated | Total | |||||||||||||||||||||||
30-Sep-13 | and | estate- | and other | ||||||||||||||||||||||||||
industrial | mortgage | ||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 8,255 | $ | 14,748 | $ | 216 | $ | 143 | $ | 1,230 | $ | 24,592 | |||||||||||||||||
(Reduction in) provision for loan losses | (45 | ) | (923 | ) | (95 | ) | (58 | ) | (9 | ) | (1,130 | ) | |||||||||||||||||
Charge-offs | (1,336 | ) | (1,685 | ) | (26 | ) | (42 | ) | — | (3,089 | ) | ||||||||||||||||||
Recoveries | 292 | 91 | 35 | 9 | — | 427 | |||||||||||||||||||||||
Allowance for loan losses at end of period | $ | 7,166 | $ | 12,231 | $ | 130 | $ | 52 | $ | 1,221 | $ | 20,800 | |||||||||||||||||
Ending allowance for loan losses balance for loans individually evaluated for impairment | $ | — | $ | 174 | $ | — | $ | — | $ | 174 | |||||||||||||||||||
Ending allowance for loan losses balance for loans collectively evaluated for impairment | $ | 7,166 | $ | 12,057 | $ | 130 | $ | 52 | $ | 19,405 | |||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Recorded investment in loans | $ | 439,601 | $ | 735,280 | $ | 8,607 | $ | 4,362 | $ | 1,187,850 | |||||||||||||||||||
Recorded investment in loans individually evaluated for impairment | $ | 1,441 | $ | 13,963 | $ | — | $ | — | $ | 15,404 | |||||||||||||||||||
Recorded investment in loans collectively evaluated for impairment | $ | 438,160 | $ | 721,317 | $ | 8,607 | $ | 4,362 | $ | 1,172,446 | |||||||||||||||||||
As of and for the nine months ended | Commercial | Real | Real estate - construction | Consumer | Unallocated | Total | |||||||||||||||||||||||
30-Sep-12 | and | estate- | and other | ||||||||||||||||||||||||||
industrial | mortgage | ||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 7,966 | $ | 19,213 | $ | 320 | $ | 137 | $ | 685 | $ | 28,321 | |||||||||||||||||
(Reduction in) provision for loan losses | 2,531 | (3,166 | ) | 523 | 66 | 346 | 300 | ||||||||||||||||||||||
Charge-offs | (2,258 | ) | (1,415 | ) | (683 | ) | (92 | ) | — | (4,448 | ) | ||||||||||||||||||
Recoveries | 397 | 933 | 19 | 20 | — | 1,369 | |||||||||||||||||||||||
Allowance for loan losses at end of period | $ | 8,636 | $ | 15,565 | $ | 179 | $ | 131 | $ | 1,031 | $ | 25,542 | |||||||||||||||||
Ending allowance for loan losses balance for loans individually evaluated for impairment | $ | 23 | $ | 953 | $ | — | $ | — | $ | 976 | |||||||||||||||||||
Ending allowance for loan losses balance for loans collectively evaluated for impairment | $ | 8,613 | $ | 14,612 | $ | 179 | $ | 131 | $ | 23,535 | |||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Recorded investment in loans | $ | 377,309 | $ | 708,121 | $ | 7,907 | $ | 6,723 | $ | 1,100,060 | |||||||||||||||||||
Recorded investment in loans individually evaluated for impairment | $ | 7,357 | $ | 27,441 | $ | 5,492 | $ | 1 | $ | 40,291 | |||||||||||||||||||
Recorded investment in loans collectively evaluated for impairment | $ | 369,952 | $ | 680,680 | $ | 2,415 | $ | 6,722 | $ | 1,059,769 | |||||||||||||||||||
Class of Financing Receivables [Member] | ' | ||||||||||||||||||||||||||||
Note 3 - Loans (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||||||||||||||||||||||
As of September 30, 2013 | As of December 31, 2012 | ||||||||||||||||||||||||||||
Amount | Percent | Amount | Percent | ||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 439,420 | 37 | % | $ | 383,641 | 34.78 | % | |||||||||||||||||||||
Real estate mortgage | |||||||||||||||||||||||||||||
Residential | 39,998 | 3.37 | 36,807 | 3.34 | |||||||||||||||||||||||||
Commercial | 694,980 | 58.52 | 665,244 | 60.32 | |||||||||||||||||||||||||
734,978 | 61.89 | 702,051 | 63.66 | ||||||||||||||||||||||||||
Real estate construction | |||||||||||||||||||||||||||||
Residential | 4,936 | 0.42 | 2,420 | 0.22 | |||||||||||||||||||||||||
Commercial | 3,747 | 0.31 | 7,284 | 0.66 | |||||||||||||||||||||||||
8,683 | 0.73 | 9,704 | 0.88 | ||||||||||||||||||||||||||
Consumer and other | 4,483 | 0.38 | 7,531 | 0.68 | |||||||||||||||||||||||||
Gross loans | 1,187,564 | 100 | % | 1,102,927 | 100 | % | |||||||||||||||||||||||
Unearned discounts, interest and deferred fees | (2,740 | ) | (2,590 | ) | |||||||||||||||||||||||||
Total loans | 1,184,824 | 1,100,337 | |||||||||||||||||||||||||||
Allowance for loan losses | (20,800 | ) | (24,592 | ) | |||||||||||||||||||||||||
Loans, net (1) | $ | 1,164,024 | $ | 1,075,745 |
Note_4_Goodwill_Tables
Note 4 - Goodwill (Tables) | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||
Schedule of Goodwill [Table Text Block] | ' | ||||
Balance as of January 1, 2013 | |||||
Goodwill | 21,827 | ||||
Accumulated impairment losses | 7,500 | ||||
Net goodwill | $ | 14,327 | |||
Impairment losses for the nine months ended September 30, 2013 | — | ||||
Balance as of September 30, 2013 | |||||
Goodwill | 21,827 | ||||
Accumulated impairment losses | 7,500 | ||||
Net goodwill | $ | 14,327 |
Note_5_Earnings_Per_Share_Tabl
Note 5 - Earnings Per Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||||||
As of and for the Three Months | As of and for the Nine Months | ||||||||||||||||
Ended September 30, | Ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(In thousands, except per share amounts) | |||||||||||||||||
Net income available to common shareholders | $ | 3,448 | $ | 2,712 | $ | 9,271 | $ | 7,403 | |||||||||
Weighted average common shares in basic EPS | 18,417 | 18,307 | 18,372 | 15,666 | |||||||||||||
Effect of dilutive securities | 397 | 341 | 385 | 210 | |||||||||||||
Weighted average common and potentially dilutive common shares used in diluted EPS | 18,814 | 18,648 | 18,757 | 15,876 | |||||||||||||
Earnings per common share: | |||||||||||||||||
Basic | $ | 0.19 | $ | 0.15 | $ | 0.5 | $ | 0.47 | |||||||||
Diluted | $ | 0.18 | $ | 0.15 | $ | 0.49 | $ | 0.47 |
Note_6_Commitments_and_Conting1
Note 6 - Commitments and Contingencies (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | ' | ||||||||
As of | As of | ||||||||
30-Sep-13 | 31-Dec-12 | ||||||||
Unfunded loan commitments including unfunded lines of credit | $ | 154,827 | $ | 99,474 | |||||
Standby letters of credit | 5,873 | 10,387 | |||||||
Commercial letters of credit | 5,972 | 1,595 | |||||||
Operating leases | 5,899 | 7,337 | |||||||
Total financial instruments with off-balance sheet risk | $ | 172,571 | $ | 118,793 |
Note_7_Regulatory_Matters_Tabl
Note 7 - Regulatory Matters (Tables) | 9 Months Ended | |||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | |||||||||||||||||||||||||
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | ' | |||||||||||||||||||||||||
Actual | Minimum | To be Categorized | ||||||||||||||||||||||||
Required For | as Well Capitalized | |||||||||||||||||||||||||
Capital Adequacy | under Prompt | |||||||||||||||||||||||||
Purposes | Corrective Action | |||||||||||||||||||||||||
Provisions | ||||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | |||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||||
Total risk-based capital ratio | ||||||||||||||||||||||||||
MetroCorp Bancshares, Inc. | $ | 221,088 | 17.22 | % | $ | 102,719 | 8 | % | $ | N/A | N/A | % | ||||||||||||||
MetroBank, N.A. | 152,143 | 16.4 | 74,199 | 8 | 92,749 | 10 | ||||||||||||||||||||
Metro United Bank | 55,536 | 15.67 | 28,351 | 8 | 35,439 | 10 | ||||||||||||||||||||
Tier 1 risk-based capital ratio | ||||||||||||||||||||||||||
MetroCorp Bancshares, Inc. | 204,969 | 15.96 | 51,359 | 4 | N/A | N/A | ||||||||||||||||||||
MetroBank, N.A. | 140,511 | 15.15 | 37,099 | 4 | 55,649 | 6 | ||||||||||||||||||||
Metro United Bank | 51,076 | 14.41 | 14,176 | 4 | 21,263 | 6 | ||||||||||||||||||||
Leverage ratio | ||||||||||||||||||||||||||
MetroCorp Bancshares, Inc. | 204,969 | 12.85 | 63,801 | 4 | N/A | N/A | ||||||||||||||||||||
MetroBank, N.A. | 140,511 | 12.33 | 45,587 | 4 | 56,984 | 5 | ||||||||||||||||||||
Metro United Bank | 51,076 | 11.16 | 18,299 | 4 | 22,873 | 5 | ||||||||||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||||||
Total risk-based capital ratio | ||||||||||||||||||||||||||
MetroCorp Bancshares, Inc. | $ | 212,083 | 17.95 | % | $ | 94,509 | 8 | % | $ | N/A | N/A | % | ||||||||||||||
MetroBank, N.A. | 152,613 | 17.8 | 68,587 | 8 | 85,734 | 10 | ||||||||||||||||||||
Metro United Bank | 52,714 | 16.34 | 25,814 | 8 | 32,267 | 10 | ||||||||||||||||||||
Tier 1 risk-based capital ratio | ||||||||||||||||||||||||||
MetroCorp Bancshares, Inc. | 197,077 | 16.68 | 47,255 | 4 | N/A | N/A | ||||||||||||||||||||
MetroBank, N.A. | 141,702 | 16.53 | 34,293 | 4 | 51,440 | 6 | ||||||||||||||||||||
Metro United Bank | 48,636 | 15.07 | 12,907 | 4 | 19,360 | 6 | ||||||||||||||||||||
Leverage ratio | ||||||||||||||||||||||||||
MetroCorp Bancshares, Inc. | 197,077 | 13.18 | 59,812 | 4 | N/A | N/A | ||||||||||||||||||||
MetroBank, N.A. | 141,702 | 12.7 | 44,613 | 4 | 55,766 | 5 | ||||||||||||||||||||
Metro United Bank | 48,636 | 12.76 | 15,243 | 4 | 19,053 | 5 |
Note_8_Accumulated_Other_Compr1
Note 8 - Accumulated Other Comprehensive Income (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Note 8 - Accumulated Other Comprehensive Income (Tables) [Line Items] | ' | ||||||||||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||||||||
Gains (Losses) on Effective Cash Hedging Derivatives | Net Unrealized Gains (Losses) on Investments with OTTI | Net Unrealized Investment Gains (Losses) | Total Accumulated Other Comprehensive Income (Loss) | ||||||||||||||||||||||
Accumulated other comprehensive income (loss) December 31, 2012 | $ | (1,136 | ) | $ | (1,017 | ) | $ | 2,720 | $ | 567 | |||||||||||||||
Other comprehensive income (losses) before reclassifications | 287 | (34 | ) | (5,265 | ) | (5,012 | ) | ||||||||||||||||||
Amounts reclassified from other comprehensive income (loss) (1) | — | — | (21 | ) | (21 | ) | |||||||||||||||||||
Net current-period other comprehensive income (loss) | 287 | (34 | ) | (5,286 | ) | (5,033 | ) | ||||||||||||||||||
Accumulated other comprehensive loss September 30, 2013 | $ | (849 | ) | $ | (1,051 | ) | $ | (2,566 | ) | $ | (4,466 | ) | |||||||||||||
Domestic Tax Authority [Member] | ' | ||||||||||||||||||||||||
Note 8 - Accumulated Other Comprehensive Income (Tables) [Line Items] | ' | ||||||||||||||||||||||||
Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||||||||
Three months ended September 30, 2013 | Three months ended September 30, 2012 | ||||||||||||||||||||||||
Before Tax Amount | Tax Expense (Benefit) | Net of Tax Amount | Before Tax Amount | Tax Expense (Benefit) | Net of Tax Amount | ||||||||||||||||||||
Change in accumulated gain (loss) on effective cash flow hedging derivative | $ | 87 | $ | 31 | $ | 56 | $ | 12 | $ | 4 | $ | 8 | |||||||||||||
Unrealized loss on investment securities with OTTI: | |||||||||||||||||||||||||
Securities with OTTI charges during the period | (36 | ) | (13 | ) | (23 | ) | (14 | ) | (5 | ) | (9 | ) | |||||||||||||
Less: OTTI charges recognized in net income | (9 | ) | (2 | ) | (7 | ) | (7 | ) | (3 | ) | (4 | ) | |||||||||||||
Net unrealized losses on investment securities with OTTI | (27 | ) | (11 | ) | (16 | ) | (7 | ) | (2 | ) | (5 | ) | |||||||||||||
Unrealized (losses) gain on investment securities: | |||||||||||||||||||||||||
Unrealized holding (loss) gain arising during the period | (914 | ) | (320 | ) | (594 | ) | 974 | 351 | 623 | ||||||||||||||||
Less: reclassification adjustment for (loss) gain included in net income | (4 | ) | (1 | ) | (3 | ) | 24 | 9 | 15 | ||||||||||||||||
Net unrealized (losses) gains on investment securities | (910 | ) | (319 | ) | (591 | ) | 950 | 342 | 608 | ||||||||||||||||
Other comprehensive (loss) income | $ | (850 | ) | $ | (299 | ) | $ | (551 | ) | $ | 955 | $ | 344 | $ | 611 | ||||||||||
Nine months ended September 30, 2013 | Nine months ended September 30, 2012 | ||||||||||||||||||||||||
Before Tax Amount | Tax Expense (Benefit) | Net of Tax Amount | Before Tax Amount | Tax Expense (Benefit) | Net of Tax Amount | ||||||||||||||||||||
Change in accumulated gain on effective cash flow hedging derivative | $ | 448 | $ | 161 | $ | 287 | $ | 65 | $ | 23 | $ | 42 | |||||||||||||
Unrealized loss on investment securities with OTTI: | |||||||||||||||||||||||||
Securities with OTTI charges during the period | (129 | ) | (47 | ) | (82 | ) | (101 | ) | (36 | ) | (65 | ) | |||||||||||||
Less: OTTI charges recognized in net income | (75 | ) | (27 | ) | (48 | ) | (84 | ) | (30 | ) | (54 | ) | |||||||||||||
Net unrealized losses on investment securities with OTTI | (54 | ) | (20 | ) | (34 | ) | (17 | ) | (6 | ) | (11 | ) | |||||||||||||
Unrealized (losses) gains on investment securities: | |||||||||||||||||||||||||
Unrealized holding (loss) gain arising during the period | (8,241 | ) | (2,976 | ) | (5,265 | ) | 1,761 | 635 | 1,126 | ||||||||||||||||
Less: reclassification adjustment for gains included in net income | 33 | 12 | 21 | 108 | 39 | 69 | |||||||||||||||||||
Net unrealized (losses) gains on investment securities | (8,274 | ) | (2,988 | ) | (5,286 | ) | 1,653 | 596 | 1,057 | ||||||||||||||||
Other comprehensive (loss) income | $ | (7,880 | ) | $ | (2,847 | ) | $ | (5,033 | ) | $ | 1,701 | $ | 613 | $ | 1,088 |
Note_9_Derivative_Financial_In1
Note 9 - Derivative Financial Instruments (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||||||
Schedule of Interest Rate Derivatives [Table Text Block] | ' | ||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
Notional Amount | Estimated Fair Value | Notional Amount | Estimated Fair Value | ||||||||||||||||||
Interest rate derivative contract designated as a hedge of cash flows | $ | 17,500 | $ | (1,327 | ) | $ | 17,500 | $ | (1,775 | ) | |||||||||||
Interest rate derivative contract not designated as a hedge of cash flows | $ | 15,000 | $ | 63 | $ | 15,000 | $ | 41 | |||||||||||||
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||||
Gains/(losses) recorded in income and other comprehensive income | |||||||||||||||||||||
(loss), net of tax (in thousands) | |||||||||||||||||||||
Three months ended September 30, 2013 | Derivative | Hedge | Total income | Derivative | Total change | ||||||||||||||||
effective portion | ineffectiveness | statement | effective portion | in OCI | |||||||||||||||||
reclassified from | recorded directly | impact | recorded in OCI | for period | |||||||||||||||||
AOCI into income | in income | ||||||||||||||||||||
Interest rate derivative designated as a hedge of cash flows: | |||||||||||||||||||||
Interest rate swap | $ | — | $ | — | $ | — | $ | 87 | $ | 87 | |||||||||||
Three months ended September 30, 2012 | |||||||||||||||||||||
Interest rate derivative designated as a hedge of cash flows: | |||||||||||||||||||||
Interest rate swap | $ | — | $ | — | $ | — | $ | 11 | $ | 11 | |||||||||||
Gains/(losses) recorded in income and other comprehensive income | |||||||||||||||||||||
(loss), net of tax (in thousands) | |||||||||||||||||||||
Nine months ended September 30, 2013 | Derivative | Hedge | Total income | Derivative | Total change | ||||||||||||||||
effective portion | ineffectiveness | statement | effective portion | in OCI | |||||||||||||||||
reclassified from | recorded directly | impact | recorded in OCI | for period | |||||||||||||||||
AOCI into income | in income | ||||||||||||||||||||
Interest rate derivative designated as a hedge of cash flows: | |||||||||||||||||||||
Interest rate swap | $ | — | $ | — | $ | — | $ | 448 | $ | 448 | |||||||||||
Nine months ended September 30, 2012 | |||||||||||||||||||||
Interest rate derivative designated as a hedge of cash flows: | |||||||||||||||||||||
Interest rate swap | $ | — | $ | — | $ | — | $ | 65 | $ | 65 | |||||||||||
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] | ' | ||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||
Non-hedging interest rate derivative: | |||||||||||||||||||||
Other non-interest income | $ | (19 | ) | $ | (31 | ) | $ | 22 | $ | (139 | ) |
Note_10_Operating_Segment_Info1
Note 10 - Operating Segment Information (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Note 10 - Operating Segment Information (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
For the Three Months Ended | For the Three Months Ended | ||||||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||||||||||
MetroBank | Metro | Other | Consolidated Company | MetroBank | Metro | Other | Consolidated Company | ||||||||||||||||||||||||||
United | United | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||||||
Total interest income | $ | 11,404 | $ | 4,657 | $ | ─ | $ | 16,061 | $ | 11,926 | $ | 4,096 | $ | 7 | $ | 16,029 | |||||||||||||||||
Total interest expense | 1,353 | 696 | 321 | 2,370 | 1,483 | 548 | 350 | 2,381 | |||||||||||||||||||||||||
Net interest income | 10,051 | 3,961 | (321 | ) | 13,691 | 10,443 | 3,548 | (343 | ) | 13,648 | |||||||||||||||||||||||
(Reduction in) provision for loan losses | (800 | ) | 145 | ─ | (655 | ) | (300 | ) | ─ | ─ | (300 | ) | |||||||||||||||||||||
Net interest income after provision for loan losses | 10,851 | 3,816 | (321 | ) | 14,346 | 10,743 | 3,548 | (343 | ) | 13,948 | |||||||||||||||||||||||
Noninterest income | 2,115 | 321 | (347 | ) | 2,089 | 2,126 | 84 | (338 | ) | 1,872 | |||||||||||||||||||||||
Noninterest expenses | 8,336 | 2,749 | 393 | 11,478 | 8,281 | 2,870 | 378 | 11,529 | |||||||||||||||||||||||||
Income (loss) before income tax provision | 4,630 | 1,388 | (1,061 | ) | 4,957 | 4,588 | 762 | (1,059 | ) | 4,291 | |||||||||||||||||||||||
Provision (benefit) for income taxes | 1,517 | 349 | (357 | ) | 1,509 | 1,449 | 321 | (360 | ) | 1,410 | |||||||||||||||||||||||
Net income (loss) | $ | 3,113 | $ | 1,039 | $ | (704 | ) | $ | 3,448 | $ | 3,139 | $ | 441 | $ | (699 | ) | $ | 2,881 | |||||||||||||||
For the nine months ended | For the nine months ended | ||||||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||||||||||
MetroBank | Metro | Other | Consolidated Company | MetroBank | Metro | Other | Consolidated Company | ||||||||||||||||||||||||||
United | United | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||||||
Total interest income | $ | 33,361 | $ | 12,986 | $ | 6 | $ | 46,353 | $ | 36,483 | $ | 12,104 | $ | 21 | $ | 48,608 | |||||||||||||||||
Total interest expense | 3,990 | 1,910 | 959 | 6,859 | 4,834 | 1,793 | 1,044 | 7,671 | |||||||||||||||||||||||||
Net interest income | 29,371 | 11,076 | (953 | ) | 39,494 | 31,649 | 10,311 | (1,023 | ) | $ | 40,937 | ||||||||||||||||||||||
(Reduction in) provision for loan losses | (1,250 | ) | 120 | ─ | (1,130 | ) | 300 | ─ | ─ | 300 | |||||||||||||||||||||||
Net interest income after provision for loan losses | 30,621 | 10,956 | (953 | ) | 40,624 | 31,349 | 10,311 | (1,023 | ) | 40,637 | |||||||||||||||||||||||
Noninterest income | 6,117 | 620 | (1,054 | ) | 5,683 | 6,188 | 260 | (1,013 | ) | 5,435 | |||||||||||||||||||||||
Noninterest expenses | 23,362 | 7,805 | 1,321 | 32,488 | 25,143 | 8,043 | 588 | 33,774 | |||||||||||||||||||||||||
Income (loss) before income tax provision | 13,376 | 3,771 | (3,328 | ) | 13,819 | 12,394 | 2,528 | (2,624 | ) | 12,298 | |||||||||||||||||||||||
Provision (benefit) for income taxes | 4,310 | 1,358 | (1,120 | ) | 4,548 | 3,921 | 995 | (893 | ) | 4,023 | |||||||||||||||||||||||
Net income (loss) | $ | 9,066 | $ | 2,413 | $ | (2,208 | ) | $ | 9,271 | $ | 8,473 | $ | 1,533 | $ | (1,731 | ) | $ | 8,275 | |||||||||||||||
Other Segment Information [Member] | ' | ||||||||||||||||||||||||||||||||
Note 10 - Operating Segment Information (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
As of September 30, 2013 | As of September 30, 2012 | ||||||||||||||||||||||||||||||||
MetroBank | Metro | Other | Consolidated Company | MetroBank | Metro | Other | Consolidated Company | ||||||||||||||||||||||||||
United | United | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||||||
Net loans (1) | $ | 802,569 | $ | 361,455 | $ | — | $ | 1,164,024 | $ | 759,904 | $ | 311,409 | $ | — | $ | 1,071,313 | |||||||||||||||||
Total assets | 1,146,878 | 488,848 | (1,277 | ) | 1,634,449 | 1,128,652 | 396,019 | 1,417 | 1,526,088 | ||||||||||||||||||||||||
Deposits | 957,061 | 411,749 | (16,342 | ) | 1,352,468 | 946,206 | 325,646 | (6,795 | ) | 1,265,057 |
Note_11_Fair_Value_Tables
Note 11 - Fair Value (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Note 11 - Fair Value (Tables) [Line Items] | ' | ||||||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||
Fair Value Measurements, using | |||||||||||||||||
Quoted Prices in | Significant | Significant | Fair Value | ||||||||||||||
Active Markets | Other | Unobservable | Measurements | ||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||
Assets | Inputs | (Level 3) | |||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||
Securities available-for-sale at September 30, 2013 | |||||||||||||||||
U.S. Treasury and other U.S. government sponsored enterprises and agencies | $ | — | $ | 81,746 | $ | — | $ | 81,746 | |||||||||
Obligations of state and political subdivisions | — | 17,143 | — | 17,143 | |||||||||||||
Corporate | — | 6,279 | — | 6,279 | |||||||||||||
Mortgage-backed securities and collateralized mortgage obligations: | |||||||||||||||||
Government issued or guaranteed | — | 63,727 | — | 63,727 | |||||||||||||
Privately issued residential | — | 668 | — | 668 | |||||||||||||
Asset backed securities | — | 143 | — | 143 | |||||||||||||
Investment in CRA funds | 13,951 | — | — | 13,951 | |||||||||||||
Total available-for-sale securities | 13,951 | 169,706 | — | 183,657 | |||||||||||||
Derivative asset | |||||||||||||||||
Interest rate cap | — | 63 | — | 63 | |||||||||||||
Total assets measured at fair value on a recurring basis | $ | 13,951 | $ | 169,769 | $ | — | $ | 183,720 | |||||||||
Derivative liability at September 30, 2013 | |||||||||||||||||
Interest rate swap | $ | — | $ | (1,327 | ) | $ | — | $ | (1,327 | ) | |||||||
Securities available-for-sale at December 31, 2012 | |||||||||||||||||
U.S. Treasury and other U.S. government sponsored enterprises and agencies | $ | — | $ | 71,181 | $ | — | $ | 71,181 | |||||||||
Obligations of state and political subdivisions | — | 13,389 | — | 13,389 | |||||||||||||
Corporate | — | 6,350 | — | 6,350 | |||||||||||||
Mortgage-backed securities and collateralized mortgage obligations: | |||||||||||||||||
Government issued or guaranteed | — | 57,941 | — | 57,941 | |||||||||||||
Privately issued residential | — | 683 | — | 683 | |||||||||||||
Asset backed securities | — | 143 | — | 143 | |||||||||||||
Investment in CRA funds | 14,361 | — | — | 14,361 | |||||||||||||
Total available-for-sale securities | 14,361 | 149,687 | — | 164,048 | |||||||||||||
Derivative asset | |||||||||||||||||
Interest rate cap | — | 41 | — | 41 | |||||||||||||
Total assets measured at fair value on a recurring basis | $ | 14,361 | $ | 149,728 | $ | — | $ | 164,089 | |||||||||
Derivative liability at December 31, 2012 | |||||||||||||||||
Interest rate swap | $ | — | $ | (1,775 | ) | $ | — | $ | (1,775 | ) | |||||||
Fair Value Measurements, Nonrecurring [Table Text Block] | ' | ||||||||||||||||
As of September 30, 2013 | As of December 31, 2012 | ||||||||||||||||
Level 2 | Level 3 | Level 2 | Level 3 | ||||||||||||||
Assets | |||||||||||||||||
Foreclosed assets | $ | — | $ | 9,373 | $ | — | $ | 12,555 | |||||||||
Impaired loans (1) | 485 | — | 4,646 | — | |||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||
Three Months ended September 30, | Nine months ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Losses related to: | |||||||||||||||||
Foreclosed assets (1) | $ | 14 | $ | 598 | $ | 117 | $ | 1,520 | |||||||||
Impaired loans (2) | — | — | 50 | 451 | |||||||||||||
Estimated Fair Value of Instruments [Member] | ' | ||||||||||||||||
Note 11 - Fair Value (Tables) [Line Items] | ' | ||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||
As of September 30, 2013 | As of December 31, 2012 | ||||||||||||||||
Carrying or | Estimated | Carrying or | Estimated | ||||||||||||||
Contract Amount | Fair Value | Contract Amount | Fair Value | ||||||||||||||
(In thousands) | |||||||||||||||||
Financial Assets | |||||||||||||||||
Level 2 inputs: | |||||||||||||||||
Cash and cash equivalents | $ | 167,490 | $ | 167,490 | $ | 159,449 | $ | 159,449 | |||||||||
Interest-bearing deposits in banks | 15,616 | 15,616 | 15,321 | 15,321 | |||||||||||||
Investment securities held-to-maturity | 7,788 | 8,108 | 4,046 | 4,757 | |||||||||||||
Other investments | 5,702 | 5,702 | 5,592 | 5,592 | |||||||||||||
Cash value of bank owned life insurance | 33,721 | 33,721 | 32,794 | 32,794 | |||||||||||||
Accrued interest receivable | 3,753 | 3,753 | 4,120 | 4,120 | |||||||||||||
Level 3 inputs: | |||||||||||||||||
Loans held-for-investment, net (1) | 1,164,024 | 1,149,087 | 1,075,745 | 1,062,432 | |||||||||||||
Financial Liabilities | |||||||||||||||||
Level 2 inputs: | |||||||||||||||||
Deposit transaction accounts | 798,693 | 798,693 | 808,377 | 808,377 | |||||||||||||
Junior subordinated debentures | 36,083 | 36,083 | 36,083 | 36,083 | |||||||||||||
Accrued interest payable | 280 | 280 | 233 | 233 | |||||||||||||
Level 3 inputs: | |||||||||||||||||
Time deposits | 553,775 | 556,408 | 458,653 | 461,672 | |||||||||||||
Other borrowings | 46,000 | 46,737 | 25,000 | 25,008 | |||||||||||||
Off-balance sheet financial instruments | |||||||||||||||||
Unfunded loan commitments, including unfunded lines of credit | — | 214 | — | 251 | |||||||||||||
Standby letters of credit | — | 23 | — | 24 |
Note_2_Securities_Details
Note 2 - Securities (Details) (USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Note 2 - Securities (Details) [Line Items] | ' | ' |
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | ' | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | $6,891,000 | $73,000 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss | 52,000 | ' |
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities | 451,000 | ' |
Credit Loss [Member] | ' | ' |
Note 2 - Securities (Details) [Line Items] | ' | ' |
Less OTTI Charges Recognized In Net Income Mortgage Backed Securities | 30,000 | ' |
Less OTTI Charges Recognized In Net Income Asset Backed Securities | $11,000 | ' |
Note_2_Securities_Details_The_
Note 2 - Securities (Details) - The Amortized Cost And Approximate Fair Value Of Securities Is As Follows: (USD $) | 9 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 12 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||||||
US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | Held To Maturity [Member] | Held To Maturity [Member] | Held To Maturity [Member] | Held To Maturity [Member] | Held To Maturity [Member] | Held To Maturity [Member] | Held To Maturity [Member] | Held To Maturity [Member] | Held To Maturity [Member] | Held To Maturity [Member] | Federal Reserve Bank Stock [Member] | Federal Reserve Bank Stock [Member] | Federal Reserve Bank Stock [Member] | Federal Reserve Bank Stock [Member] | Federal Reserve Bank Stock [Member] | Federal Reserve Bank Stock [Member] | Federal Reserve Bank Stock [Member] | Federal Reserve Bank Stock [Member] | Federal Reserve Bank Stock [Member] | Federal Reserve Bank Stock [Member] | Subsidiary Trust [Member] | Subsidiary Trust [Member] | Subsidiary Trust [Member] | Subsidiary Trust [Member] | Subsidiary Trust [Member] | Subsidiary Trust [Member] | Subsidiary Trust [Member] | Subsidiary Trust [Member] | Subsidiary Trust [Member] | Subsidiary Trust [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US Government Agencies Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Corporate Debt Securities [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Residential Mortgage Backed Securities [Member] | Residential Mortgage Backed Securities [Member] | Residential Mortgage Backed Securities [Member] | Residential Mortgage Backed Securities [Member] | Residential Mortgage Backed Securities [Member] | Residential Mortgage Backed Securities [Member] | Residential Mortgage Backed Securities [Member] | Residential Mortgage Backed Securities [Member] | Residential Mortgage Backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | CRA Funds [Member] | CRA Funds [Member] | CRA Funds [Member] | CRA Funds [Member] | CRA Funds [Member] | CRA Funds [Member] | CRA Funds [Member] | CRA Funds [Member] | CRA Funds [Member] | CRA Funds [Member] | CRA Funds [Member] | CRA Funds [Member] | Available-for-sale Securities [Member] | Available-for-sale Securities [Member] | Available-for-sale Securities [Member] | Available-for-sale Securities [Member] | Available-for-sale Securities [Member] | Amortized Cost [Member] | Amortized Cost [Member] | Unrealized Gains [Member] | Unrealized Losses [Member] | OTTI [Member] | OTTI [Member] | Fair Value [Member] | Fair Value [Member] | |||||||||||||||||||||||
Amortized Cost [Member] | Amortized Cost [Member] | Unrealized Gains [Member] | Unrealized Gains [Member] | Unrealized Losses [Member] | Unrealized Losses [Member] | OTTI [Member] | OTTI [Member] | Fair Value [Member] | Fair Value [Member] | Amortized Cost [Member] | Amortized Cost [Member] | Unrealized Gains [Member] | Unrealized Gains [Member] | Unrealized Losses [Member] | Unrealized Losses [Member] | OTTI [Member] | OTTI [Member] | Fair Value [Member] | Fair Value [Member] | Amortized Cost [Member] | Amortized Cost [Member] | Unrealized Gains [Member] | Unrealized Gains [Member] | Unrealized Losses [Member] | Unrealized Losses [Member] | OTTI [Member] | OTTI [Member] | Fair Value [Member] | Fair Value [Member] | Amortized Cost [Member] | Amortized Cost [Member] | Unrealized Gains [Member] | Unrealized Gains [Member] | Unrealized Losses [Member] | Unrealized Losses [Member] | OTTI [Member] | OTTI [Member] | Fair Value [Member] | Fair Value [Member] | Amortized Cost [Member] | Amortized Cost [Member] | Unrealized Gains [Member] | Unrealized Losses [Member] | Unrealized Losses [Member] | OTTI [Member] | OTTI [Member] | Fair Value [Member] | Fair Value [Member] | Amortized Cost [Member] | Amortized Cost [Member] | Unrealized Gains [Member] | Unrealized Gains [Member] | Unrealized Losses [Member] | Unrealized Losses [Member] | OTTI [Member] | OTTI [Member] | Fair Value [Member] | Fair Value [Member] | Amortized Cost [Member] | Amortized Cost [Member] | Unrealized Gains [Member] | Unrealized Gains [Member] | Unrealized Losses [Member] | Unrealized Losses [Member] | OTTI [Member] | OTTI [Member] | Fair Value [Member] | Fair Value [Member] | Amortized Cost [Member] | Amortized Cost [Member] | Unrealized Gains [Member] | Unrealized Gains [Member] | Unrealized Losses [Member] | Unrealized Losses [Member] | OTTI [Member] | OTTI [Member] | Fair Value [Member] | Fair Value [Member] | Amortized Cost [Member] | Amortized Cost [Member] | Unrealized Gains [Member] | Unrealized Gains [Member] | Unrealized Losses [Member] | OTTI [Member] | OTTI [Member] | Fair Value [Member] | Fair Value [Member] | Amortized Cost [Member] | Amortized Cost [Member] | Unrealized Gains [Member] | Unrealized Gains [Member] | Unrealized Losses [Member] | Unrealized Losses [Member] | OTTI [Member] | OTTI [Member] | Fair Value [Member] | Fair Value [Member] | Amortized Cost [Member] | Amortized Cost [Member] | Unrealized Gains [Member] | Unrealized Gains [Member] | Unrealized Losses [Member] | Unrealized Losses [Member] | OTTI [Member] | OTTI [Member] | Fair Value [Member] | Fair Value [Member] | Amortized Cost [Member] | Unrealized Gains [Member] | Unrealized Losses [Member] | OTTI [Member] | Fair Value [Member] | |||||||||||||||||||||||||||||||||||||||||||
Note 2 - Securities (Details) - The Amortized Cost And Approximate Fair Value Of Securities Is As Follows: [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||
Amortized Cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $86,395,000 | $70,892,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $17,899,000 | $12,810,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $6,063,000 | $6,080,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $63,874,000 | $56,572,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $588,000 | $718,000 | ' | ' | ' | ' | ' | ' | ' | $152,000 | $187,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $14,352,000 | $14,128,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $161,387,000 | ' | ' | ' | ' | $189,323,000 | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||
Unrealized Gains | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 362,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 156,000 | 579,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 216,000 | 270,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 782,000 | 1,369,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 379,000 | 330,000 | ' | ' | ' | ' | ' | ' | ' | 143,000 | 129,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 233,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,272,000 | ' | ' | ' | ' | ' | 1,676,000 | ' | ' | ' | ' | ' | ||||||||||||||||||||
Unrealized Losses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,649,000 | -73,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -912,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -929,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -401,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | -73,000 | ' | ' | ' | ' | ' | -6,891,000 | ' | ' | ' | ' | ||||||||||||||||||||
OTTI | 451,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -299,000 | -365,000 | ' | ' | ' | ' | ' | ' | ' | ' | -152,000 | -173,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | -538,000 | ' | ' | ' | ' | ' | -451,000 | ' | ' | ' | ||||||||||||||||||||
Fair Value | 183,657,000 | 164,048,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 81,746,000 | 71,181,000 | 81,746,000 | 71,181,000 | ' | ' | ' | ' | ' | ' | ' | ' | 17,143,000 | 13,389,000 | 17,143,000 | 13,389,000 | ' | ' | ' | ' | ' | ' | ' | ' | 6,279,000 | 6,350,000 | 6,279,000 | 6,350,000 | ' | ' | ' | ' | ' | ' | ' | ' | 63,727,000 | 57,941,000 | 63,727,000 | 57,941,000 | ' | ' | ' | ' | ' | ' | ' | 668,000 | 683,000 | ' | ' | ' | ' | ' | ' | ' | ' | 143,000 | 143,000 | 143,000 | 143,000 | ' | ' | ' | ' | ' | ' | ' | ' | 13,951,000 | 14,361,000 | 13,951,000 | 14,361,000 | ' | ' | ' | ' | 164,048,000 | ' | ' | ' | ' | ' | ' | 183,657,000 | ' | ||||||||||||||||||||
Amortized Cost | ' | ' | 7,788,000 | 4,046,000 | ' | ' | ' | ' | ' | ' | ' | ' | 7,788,000 | 4,046,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||
Unrealized Gains | ' | ' | ' | ' | 372,000 | 711,000 | ' | ' | ' | ' | ' | ' | ' | ' | 372,000 | 711,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||
Fair Value | 8,108,000 | 4,757,000 | ' | ' | ' | ' | ' | ' | ' | ' | 8,108,000 | 4,757,000 | ' | ' | ' | ' | ' | ' | ' | ' | 8,108,000 | 4,757,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||
Unrealized Losses | ' | ' | ' | ' | ' | ' | -52,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | -52,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||
OTTI | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||
Amortized Cost | 5,702,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,619,000 | [1],[2] | 4,509,000 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 4,619,000 | [1],[2] | 4,509,000 | [1],[2] | 1,083,000 | [3] | 1,083,000 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | 1,083,000 | [3] | 1,083,000 | [3] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,702,000 | 5,592,000 | 0 | 0 | ' | 0 | 5,702,000 | 5,592,000 |
Fair Value | 5,702,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,619,000 | [1],[2] | 4,509,000 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 4,619,000 | [1],[2] | 4,509,000 | [1],[2] | 1,083,000 | [3] | 1,083,000 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | 1,083,000 | [3] | 1,083,000 | [3] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,702,000 | 5,592,000 | 0 | 0 | ' | 0 | 5,702,000 | 5,592,000 |
Unrealized Gains | 5,702,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,619,000 | [1],[2] | 4,509,000 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 4,619,000 | [1],[2] | 4,509,000 | [1],[2] | 1,083,000 | [3] | 1,083,000 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | 1,083,000 | [3] | 1,083,000 | [3] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,702,000 | 5,592,000 | 0 | 0 | ' | 0 | 5,702,000 | 5,592,000 |
Unrealized Losses | -5,702,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,619,000 | [1],[2] | -4,509,000 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | 0 | [1],[2] | -4,619,000 | [1],[2] | -4,509,000 | [1],[2] | -1,083,000 | [3] | -1,083,000 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | -1,083,000 | [3] | -1,083,000 | [3] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,702,000 | -5,592,000 | 0 | 0 | ' | 0 | -5,702,000 | -5,592,000 |
OTTI | $5,592,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $4,619,000 | [1],[2] | $4,509,000 | [1],[2] | $0 | [1],[2] | $0 | [1],[2] | $0 | [1],[2] | $0 | [1],[2] | $0 | [1],[2] | $0 | [1],[2] | $4,619,000 | [1],[2] | $4,509,000 | [1],[2] | $1,083,000 | [3] | $1,083,000 | [3] | $0 | [3] | $0 | [3] | $0 | [3] | $0 | [3] | $0 | [3] | $0 | [3] | $1,083,000 | [3] | $1,083,000 | [3] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $5,702,000 | $5,592,000 | $0 | $0 | $0 | $0 | $5,702,000 | $5,592,000 |
[1] | FHLB stock held by the Banks is subject to certain restrictions under the membership requirements of the FHLB. Redemption of FHLB stock is dependent upon repayment of borrowings, if any, from the FHLB. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | Federal Reserve Bank stock held by MetroBank is subject to certain restrictions under Federal Reserve Bank Policy. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[3] | The Company's ownership of common securities of MCBI Trust I is carried at cost. |
Note_2_Securities_Details_Gros
Note 2 - Securities (Details) - Gross Unrealized Losses And Fair Value Of Securities Available For Sale Gross Of OTTI (USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Securities available-for-sale | ' | ' |
Less Than 12 Months Fair Value Available-for-sale | $144,984,000 | $9,921,000 |
Less Than 12 Months Gross Unrealized Losses Available-for-sale | -6,891,000 | -73,000 |
Greater Than 12 Months Fair Value Available-for-sale | 0 | 72,000 |
Greater Than 12 Months Gross Unrealized Losses Available-for-sale | 0 | 0 |
Total Fair Value Available-for-sale | 144,984,000 | 9,993,000 |
Total Gross Unrealized Losses Available-for-sale | -6,891,000 | -73,000 |
Less Than 12 Months Fair Value Held-to-maturity | 2,158,000 | ' |
Less Than 12 Months Gross Unrealized Losses Held-to-maturity | -52,000 | ' |
Greater Than 12 Months Fair Value Held-to-maturity | 0 | ' |
Greater Than 12 Months Gross Unrealized Losses Held-to-maturity | 0 | ' |
Total Fair Value Held-to-maturity | 2,158,000 | ' |
Total Gross Unrealized Losses Held-to-maturity | -52,000 | ' |
US Treasury and Government [Member] | ' | ' |
Securities available-for-sale | ' | ' |
Less Than 12 Months Fair Value Available-for-sale | 81,747,000 | 9,921,000 |
Less Than 12 Months Gross Unrealized Losses Available-for-sale | -4,649,000 | -73,000 |
Greater Than 12 Months Fair Value Available-for-sale | 0 | 0 |
Greater Than 12 Months Gross Unrealized Losses Available-for-sale | 0 | 0 |
Total Fair Value Available-for-sale | 81,747,000 | 9,921,000 |
Total Gross Unrealized Losses Available-for-sale | -4,649,000 | -73,000 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Securities available-for-sale | ' | ' |
Less Than 12 Months Fair Value Available-for-sale | 14,161,000 | ' |
Less Than 12 Months Gross Unrealized Losses Available-for-sale | -912,000 | ' |
Greater Than 12 Months Fair Value Available-for-sale | 0 | ' |
Greater Than 12 Months Gross Unrealized Losses Available-for-sale | 0 | ' |
Total Fair Value Available-for-sale | 14,161,000 | ' |
Total Gross Unrealized Losses Available-for-sale | -912,000 | ' |
Less Than 12 Months Fair Value Held-to-maturity | 2,158,000 | ' |
Less Than 12 Months Gross Unrealized Losses Held-to-maturity | -52,000 | ' |
Greater Than 12 Months Fair Value Held-to-maturity | 0 | ' |
Greater Than 12 Months Gross Unrealized Losses Held-to-maturity | 0 | ' |
Total Fair Value Held-to-maturity | 2,158,000 | ' |
Total Gross Unrealized Losses Held-to-maturity | -52,000 | ' |
US Government Agencies Debt Securities [Member] | ' | ' |
Securities available-for-sale | ' | ' |
Less Than 12 Months Fair Value Available-for-sale | 35,108,000 | ' |
Less Than 12 Months Gross Unrealized Losses Available-for-sale | -929,000 | ' |
Greater Than 12 Months Fair Value Available-for-sale | 0 | ' |
Greater Than 12 Months Gross Unrealized Losses Available-for-sale | 0 | ' |
Total Fair Value Available-for-sale | 35,108,000 | ' |
Total Gross Unrealized Losses Available-for-sale | -929,000 | ' |
Residential Mortgage Backed Securities [Member] | ' | ' |
Securities available-for-sale | ' | ' |
Less Than 12 Months Fair Value Available-for-sale | 17,000 | 0 |
Less Than 12 Months Gross Unrealized Losses Available-for-sale | 0 | 0 |
Greater Than 12 Months Fair Value Available-for-sale | 0 | 72,000 |
Greater Than 12 Months Gross Unrealized Losses Available-for-sale | 0 | 0 |
Total Fair Value Available-for-sale | 17,000 | 72,000 |
Total Gross Unrealized Losses Available-for-sale | 0 | 0 |
CRA Funds [Member] | ' | ' |
Securities available-for-sale | ' | ' |
Less Than 12 Months Fair Value Available-for-sale | 13,951,000 | ' |
Less Than 12 Months Gross Unrealized Losses Available-for-sale | -401,000 | ' |
Total Fair Value Available-for-sale | 13,951,000 | ' |
Total Gross Unrealized Losses Available-for-sale | ($401,000) | ' |
Note_2_Securities_Details_Cred
Note 2 - Securities (Details) - Credit Loss Component Of OTTI That Have Been Recognized In Income, Related To Debt Securities That The Company Does Not Intend To Sell (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | Not Previously Recognized [Member] | Not Previously Recognized [Member] | Previously Recognized With No Intent Or Requirement To Sell Before Recovery Of The Amortized Cost Basis [Member] | Previously Recognized With No Intent Or Requirement To Sell Before Recovery Of The Amortized Cost Basis [Member] | Other than Temporary Impairment, Credit Losses Recognized in Earnings, Categories of Investments [Member] | Other than Temporary Impairment, Credit Losses Recognized in Earnings, Categories of Investments [Member] | |||
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Credit losses at beginning of period | $1,758 | $1,748 | $1,716 | ' | ' | ' | ' | ' | ' |
Credit Loss Component Of OTTI | ' | ' | ' | 3 | 3 | 4 | 4 | 3 | 35 |
Credit losses at end of period | $1,758 | $1,748 | $1,716 | ' | ' | ' | ' | ' | ' |
Note_2_Securities_Details_Futu
Note 2 - Securities (Details) - Future Contractual Maturities Of Debt Securities (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Future Contractual Maturities Of Debt Securities [Abstract] | ' | ' |
Within one year | $0 | ' |
Within one year | 0 | ' |
Within one year | 0 | ' |
Within one year | 0 | ' |
Within two to five years | 20,053 | ' |
Within two to five years | 20,088 | ' |
Within two to five years | 0 | ' |
Within two to five years | 0 | ' |
Within six to ten years | 73,188 | ' |
Within six to ten years | 68,785 | ' |
Within six to ten years | 0 | ' |
Within six to ten years | 0 | ' |
After ten years | 17,268 | ' |
After ten years | 16,438 | ' |
After ten years | 7,788 | ' |
After ten years | 8,108 | ' |
Mortgage-backed securities and collateralized mortgage obligations | 64,462 | ' |
Mortgage-backed securities and collateralized mortgage obligations | 64,395 | ' |
Mortgage-backed securities and collateralized mortgage obligations | 0 | ' |
Mortgage-backed securities and collateralized mortgage obligations | 0 | ' |
Total debt securities | 174,971 | ' |
Total debt securities | 169,706 | ' |
Total debt securities | 7,788 | 4,046 |
Total debt securities | $8,108 | $4,757 |
Note_3_Loans_Details
Note 3 - Loans (Details) (USD $) | 9 Months Ended | 12 Months Ended | 1 Months Ended | |||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |
Consumer Loans [Member] | Consumer Loans [Member] | MetroBank [Member] | MetroBank [Member] | Metro United [Member] | Metro United [Member] | MetroBank Maximum [Member] | Metro United Maximum [Member] | Restructed Loan Participation Payoff [Member] | Minimum [Member] | Maximum [Member] | ||||
Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | |||||||||
Note 3 - Loans (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | ' | ' | ' | ' | ' | ' | ' | ' | $13,000,000 | $8,000,000 | ' | ' | ' |
Amortization Period | ' | ' | ' | '12 months | '60 months | '15 years | '20 years | '25 years | '30 years | ' | ' | ' | '15 years | '30 years |
Balloon Payment Period | ' | ' | ' | ' | ' | 'five | 'seven | 'five | 'ten | ' | ' | ' | 'two | 'seven |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 28,000 | 139,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Impaired, Commitment to Lend | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal Reduction, Percentage | 72.00% | ' | 72.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payments for Loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $211,000 | ' | ' |
Note_3_Loans_Details_Classifie
Note 3 - Loans (Details) - Classified By Major Type (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unearned discounts, interest and deferred fees | ($2,740) | ' | ($2,590) | ' | ' | ' |
Total loans | 1,184,824 | ' | 1,100,337 | ' | ' | ' |
Allowance for loan losses | -20,800 | ' | -24,592 | ' | ' | ' |
Loans, net (1) | 1,164,024 | ' | 1,075,745 | ' | ' | ' |
Commercial And Industrial [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Amount | 439,420 | ' | 383,641 | ' | ' | ' |
Percent | 37.00% | ' | 34.78% | ' | ' | ' |
Allowance for loan losses | -7,166 | -7,523 | -8,255 | -8,636 | -9,146 | -7,966 |
Real Estate Mortgage Residential [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Amount | 39,998 | ' | 36,807 | ' | ' | ' |
Percent | 3.37% | ' | 3.34% | ' | ' | ' |
Real Estate Mortgage Commercial [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Amount | 694,980 | ' | 665,244 | ' | ' | ' |
Percent | 58.52% | ' | 60.32% | ' | ' | ' |
Real Estate Mortgage [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Amount | 734,978 | ' | 702,051 | ' | ' | ' |
Percent | 61.89% | ' | 63.66% | ' | ' | ' |
Unearned discounts, interest and deferred fees | -1,549 | ' | -1,595 | ' | ' | ' |
Allowance for loan losses | -12,231 | -13,176 | -14,748 | -15,565 | -16,151 | -19,213 |
Real Estate Construction Residential [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Amount | 4,936 | ' | 2,420 | ' | ' | ' |
Percent | 0.42% | ' | 0.22% | ' | ' | ' |
Real Estate Construction Commercial [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Amount | 3,747 | ' | 7,284 | ' | ' | ' |
Percent | 0.31% | ' | 0.66% | ' | ' | ' |
Real Estate Construction [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Amount | 8,683 | ' | 9,704 | ' | ' | ' |
Percent | 0.73% | ' | 0.88% | ' | ' | ' |
Unearned discounts, interest and deferred fees | -101 | ' | -30 | ' | ' | ' |
Allowance for loan losses | -130 | -75 | -216 | -179 | -185 | -320 |
Consumer And Other [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Amount | 4,483 | ' | 7,531 | ' | ' | ' |
Percent | 0.38% | ' | 0.68% | ' | ' | ' |
Unearned discounts, interest and deferred fees | -134 | ' | -151 | ' | ' | ' |
Allowance for loan losses | -52 | -70 | -143 | -131 | -106 | -137 |
Variable And Fixed [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Amount | $1,187,564 | ' | $1,102,927 | ' | ' | ' |
Percent | 100.00% | ' | 100.00% | ' | ' | ' |
Note_3_Loans_Details_Recorded_
Note 3 - Loans (Details) - Recorded Investment In Loans At The Dates Indicated (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Deferred Loan Fees | ($2,740) | ($2,590) | ' |
Accrued Interest Receivable | 3,753 | 4,120 | ' |
Recorded Investment In Loans | 1,187,850 | 1,103,478 | 1,100,060 |
Commercial Portfolio Segment [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross Loan Balance | 439,420 | 383,641 | ' |
Deferred Loan Fees | -956 | -814 | ' |
Accrued Interest Receivable | 1,137 | 1,078 | ' |
Recorded Investment In Loans | 439,601 | 383,905 | ' |
Real Estate Mortgage [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross Loan Balance | 734,978 | 702,051 | ' |
Deferred Loan Fees | -1,549 | -1,595 | ' |
Accrued Interest Receivable | 1,851 | 2,024 | ' |
Recorded Investment In Loans | 735,280 | 702,480 | 708,121 |
Real Estate Construction [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross Loan Balance | 8,683 | 9,704 | ' |
Deferred Loan Fees | -101 | -30 | ' |
Accrued Interest Receivable | 25 | 18 | ' |
Recorded Investment In Loans | 8,607 | 9,692 | 7,907 |
Consumer And Other [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross Loan Balance | 4,483 | 7,531 | ' |
Deferred Loan Fees | -134 | -151 | ' |
Accrued Interest Receivable | 13 | 21 | ' |
Recorded Investment In Loans | 4,362 | 7,401 | 6,723 |
Recorded Investment [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross Loan Balance | 1,187,564 | 1,102,927 | ' |
Deferred Loan Fees | -2,740 | -2,590 | ' |
Accrued Interest Receivable | 3,026 | 3,141 | ' |
Recorded Investment In Loans | $1,187,850 | $1,103,478 | ' |
Note_3_Loans_Details_Recorded_1
Note 3 - Loans (Details) - Recorded Investment In Loans By Credit Risk Profile (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | $1,187,850 | $1,103,478 | $1,100,060 |
Commercial And Industrial [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 425,498 | 366,571 | ' |
Commercial And Industrial [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 2,851 | 4,393 | ' |
Commercial And Industrial [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 11,252 | 12,941 | ' |
Commercial And Industrial [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 0 | 0 | ' |
Commercial And Industrial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 439,601 | 383,905 | 377,309 |
Real Estate Mortgage [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 673,267 | 611,159 | ' |
Real Estate Mortgage [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 17,714 | 14,593 | ' |
Real Estate Mortgage [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 44,299 | 76,728 | ' |
Real Estate Mortgage [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 0 | 0 | ' |
Real Estate Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 735,280 | 702,480 | 708,121 |
Real Estate Construction [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 8,607 | 5,163 | ' |
Real Estate Construction [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 0 | 0 | ' |
Real Estate Construction [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 0 | 4,529 | ' |
Real Estate Construction [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 0 | 0 | ' |
Real Estate Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 8,607 | 9,692 | 7,907 |
Consumer And Other [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 4,362 | 7,401 | ' |
Consumer And Other [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 0 | 0 | ' |
Consumer And Other [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 0 | 0 | ' |
Consumer And Other [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 0 | 0 | ' |
Consumer And Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 4,362 | 7,401 | 6,723 |
Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 1,111,734 | 990,294 | ' |
Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 20,565 | 18,986 | ' |
Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | 55,551 | 94,198 | ' |
Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Grade | $0 | $0 | ' |
Note_3_Loans_Details_Age_Of_Th
Note 3 - Loans (Details) - Age Of The Recorded Investment In Loans By Portfolio (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | $19,355 | $2,497 | ' |
60-89 Days Past Due | 414 | 4,634 | ' |
Greater Than 90 Days | 9,898 | 24,217 | ' |
Total Past Due | 29,667 | 31,348 | ' |
Current | 1,158,183 | 1,072,130 | ' |
Loans | 1,187,850 | 1,103,478 | 1,100,060 |
Recorded Investment 90 Days and Accruing | 0 | 0 | ' |
Commercial And Industrial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 1,974 | 2,233 | ' |
60-89 Days Past Due | 414 | 817 | ' |
Greater Than 90 Days | 1,178 | 1,308 | ' |
Total Past Due | 3,566 | 4,358 | ' |
Current | 436,035 | 379,547 | ' |
Loans | 439,601 | 383,905 | 377,309 |
Recorded Investment 90 Days and Accruing | 0 | 0 | ' |
Real Estate Mortgage Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 482 | 0 | ' |
60-89 Days Past Due | 0 | 0 | ' |
Greater Than 90 Days | 124 | 239 | ' |
Total Past Due | 606 | 239 | ' |
Current | 39,468 | 36,667 | ' |
Loans | 40,074 | 36,906 | ' |
Recorded Investment 90 Days and Accruing | 0 | 0 | ' |
Real Estate Mortgage Commercial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 16,891 | 114 | ' |
60-89 Days Past Due | 0 | 3,817 | ' |
Greater Than 90 Days | 8,596 | 18,141 | ' |
Total Past Due | 25,487 | 22,072 | ' |
Current | 669,719 | 643,502 | ' |
Loans | 695,206 | 665,574 | ' |
Recorded Investment 90 Days and Accruing | 0 | 0 | ' |
Real Estate Construction Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 0 | 0 | ' |
60-89 Days Past Due | 0 | 0 | ' |
Greater Than 90 Days | 0 | 1,426 | ' |
Total Past Due | 0 | 1,426 | ' |
Current | 4,911 | 984 | ' |
Loans | 4,911 | 2,410 | ' |
Recorded Investment 90 Days and Accruing | 0 | 0 | ' |
Real Estate Construction Commercial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 0 | 150 | ' |
60-89 Days Past Due | 0 | 0 | ' |
Greater Than 90 Days | 0 | 3,103 | ' |
Total Past Due | 0 | 3,253 | ' |
Current | 3,696 | 4,029 | ' |
Loans | 3,696 | 7,282 | ' |
Recorded Investment 90 Days and Accruing | 0 | 0 | ' |
Consumer And Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 8 | 0 | ' |
60-89 Days Past Due | 0 | 0 | ' |
Greater Than 90 Days | 0 | 0 | ' |
Total Past Due | 8 | 0 | ' |
Current | 4,354 | 7,401 | ' |
Loans | 4,362 | 7,401 | 6,723 |
Recorded Investment 90 Days and Accruing | $0 | $0 | ' |
Note_3_Loans_Details_Recorded_2
Note 3 - Loans (Details) - Recorded Investment In Nonaccrual Loans (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 3 - Loans (Details) - Recorded Investment In Nonaccrual Loans [Line Items] | ' | ' |
Recorded Investment In Nonaccrual Loans | $15,016 | $28,577 |
Commercial And Industrial [Member] | ' | ' |
Note 3 - Loans (Details) - Recorded Investment In Nonaccrual Loans [Line Items] | ' | ' |
Recorded Investment In Nonaccrual Loans | 1,441 | 1,308 |
Real Estate Mortgage Residential [Member] | ' | ' |
Note 3 - Loans (Details) - Recorded Investment In Nonaccrual Loans [Line Items] | ' | ' |
Recorded Investment In Nonaccrual Loans | 606 | 239 |
Real Estate Mortgage Commercial [Member] | ' | ' |
Note 3 - Loans (Details) - Recorded Investment In Nonaccrual Loans [Line Items] | ' | ' |
Recorded Investment In Nonaccrual Loans | 12,969 | 22,501 |
Real Estate Construction Residential [Member] | ' | ' |
Note 3 - Loans (Details) - Recorded Investment In Nonaccrual Loans [Line Items] | ' | ' |
Recorded Investment In Nonaccrual Loans | 0 | 1,426 |
Real Estate Construction Commercial [Member] | ' | ' |
Note 3 - Loans (Details) - Recorded Investment In Nonaccrual Loans [Line Items] | ' | ' |
Recorded Investment In Nonaccrual Loans | $0 | $3,103 |
Note_3_Loans_Details_Informati
Note 3 - Loans (Details) - Information On Impaired Loans (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Commercial And Industrial [Member] | ' | ' |
Impaired loans with no allowance | ' | ' |
Recorded Investment | $1,441 | $1,287 |
Unpaid Principal Balance | 1,441 | 1,289 |
Average Recorded Investment | 1,036 | 5,162 |
Impaired loans with an allowance | ' | ' |
Recorded Investment | ' | 21 |
Unpaid Principal Balance | ' | 21 |
Related Allowance | ' | 21 |
Average Recorded Investment | 216 | 1,434 |
Total: | ' | ' |
Recorded Investment | 1,441 | 1,308 |
Unpaid Principal Balance | 1,441 | 1,310 |
Related Allowance | ' | 21 |
Average Recorded Investment | 1,252 | 6,596 |
Real Estate Mortgage Residential [Member] | ' | ' |
Impaired loans with no allowance | ' | ' |
Recorded Investment | 606 | 239 |
Unpaid Principal Balance | 606 | 239 |
Average Recorded Investment | 451 | 213 |
Real Estate Mortgage Commercial [Member] | ' | ' |
Impaired loans with no allowance | ' | ' |
Recorded Investment | 12,700 | 18,369 |
Unpaid Principal Balance | 12,713 | 18,369 |
Average Recorded Investment | 14,204 | 19,732 |
Impaired loans with an allowance | ' | ' |
Recorded Investment | 657 | 4,533 |
Unpaid Principal Balance | 658 | 4,535 |
Related Allowance | 174 | 503 |
Average Recorded Investment | 2,463 | 6,836 |
Total: | ' | ' |
Related Allowance | 174 | 503 |
Real Estate Construction Residential [Member] | ' | ' |
Impaired loans with no allowance | ' | ' |
Recorded Investment | 0 | 1,426 |
Unpaid Principal Balance | 0 | 1,426 |
Average Recorded Investment | 713 | 1,529 |
Real Estate Construction Commercial [Member] | ' | ' |
Impaired loans with no allowance | ' | ' |
Recorded Investment | 0 | 3,103 |
Unpaid Principal Balance | 0 | 3,103 |
Average Recorded Investment | 1,552 | 3,171 |
Real Estate Mortgage [Member] | ' | ' |
Impaired loans with an allowance | ' | ' |
Related Allowance | 174 | 503 |
Total: | ' | ' |
Recorded Investment | 13,963 | 23,141 |
Unpaid Principal Balance | 13,977 | 23,143 |
Related Allowance | 174 | 503 |
Average Recorded Investment | 17,118 | 26,781 |
Real Estate Construction [Member] | ' | ' |
Impaired loans with an allowance | ' | ' |
Related Allowance | 0 | 0 |
Total: | ' | ' |
Recorded Investment | 0 | 4,529 |
Unpaid Principal Balance | 0 | 4,529 |
Related Allowance | 0 | 0 |
Average Recorded Investment | $2,265 | $4,700 |
Note_3_Loans_Details_Recorded_3
Note 3 - Loans (Details) - Recorded Investment In Troubled Debt Restructurings (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
Commercial And Industrial [Member] | ' |
Financing Receivable, Modifications [Line Items] | ' |
Number of Contracts | 1 |
Pre-Modification Outstanding Recorded Investment | $229 |
Post-Modification Outstanding Recorded Investment | 208 |
Real Estate Mortgage Residential [Member] | ' |
Financing Receivable, Modifications [Line Items] | ' |
Number of Contracts | 1 |
Pre-Modification Outstanding Recorded Investment | 696 |
Post-Modification Outstanding Recorded Investment | 482 |
Commercial Real Estate Construction [Member] | ' |
Financing Receivable, Modifications [Line Items] | ' |
Number of Contracts | 4 |
Pre-Modification Outstanding Recorded Investment | 3,074 |
Post-Modification Outstanding Recorded Investment | $2,636 |
Note_3_Loans_Details_Allowance
Note 3 - Loans (Details) - Allowance For Loan Losses And Recorded Investment In Loans By Portfolio Segment (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||||||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 |
Commercial And Industrial [Member] | Commercial And Industrial [Member] | Commercial And Industrial [Member] | Commercial And Industrial [Member] | Commercial And Industrial [Member] | Real Estate Mortgage [Member] | Real Estate Mortgage [Member] | Real Estate Mortgage [Member] | Real Estate Mortgage [Member] | Real Estate Mortgage [Member] | Real Estate Construction [Member] | Real Estate Construction [Member] | Real Estate Construction [Member] | Real Estate Construction [Member] | Real Estate Construction [Member] | Consumer And Other [Member] | Consumer And Other [Member] | Consumer And Other [Member] | Consumer And Other [Member] | Consumer And Other [Member] | Unallocated [Member] | Unallocated [Member] | Unallocated [Member] | Unallocated [Member] | Period Beginning [Member] | Period Beginning [Member] | Period Beginning [Member] | Period Beginning [Member] | Period Ending [Member] | Period Ending [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses beginning | ' | ' | $24,592 | ' | ' | $7,523 | $9,146 | $8,255 | $7,966 | ' | $13,176 | $16,151 | $14,748 | $19,213 | ' | $75 | $185 | $216 | $320 | ' | $70 | $106 | $143 | $137 | ' | $988 | $1,723 | $1,230 | $685 | $21,832 | $24,592 | $27,311 | $28,321 | $20,800 | $25,542 |
(Reduction in) provision for loan losses | -655 | -300 | -1,130 | 300 | ' | -31 | 922 | -45 | 2,531 | ' | -918 | -574 | -923 | -3,166 | ' | 72 | -6 | -95 | 523 | ' | -11 | 50 | -58 | 66 | ' | 233 | -692 | -9 | 346 | ' | ' | ' | ' | ' | ' |
Charge-offs | -517 | -1,625 | -3,089 | -4,448 | ' | -450 | -1,464 | -1,336 | -2,258 | ' | -41 | -130 | -1,685 | -1,415 | ' | -17 | ' | -26 | -683 | ' | -9 | -31 | -42 | -92 | ' | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' |
Recoveries | 140 | 156 | 427 | 1,369 | ' | 124 | 32 | 292 | 397 | ' | 14 | 118 | 91 | 933 | ' | ' | 0 | 35 | 19 | ' | 2 | 6 | 9 | 20 | ' | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' |
Allowance for loan losses ending | 20,800 | ' | 20,800 | ' | ' | 7,166 | 8,636 | 7,166 | 8,636 | ' | 12,231 | 15,565 | 12,231 | 15,565 | ' | 130 | 179 | 130 | 179 | ' | 52 | 131 | 52 | 131 | ' | 1,221 | 1,031 | 1,221 | 1,031 | 21,832 | 24,592 | 27,311 | 28,321 | 20,800 | 25,542 |
Ending allowance for loan losses balance for loans individually evaluated for impairment | 174 | 976 | 174 | 976 | ' | ' | 23 | ' | 23 | ' | 174 | 953 | 174 | 953 | ' | 0 | 0 | 0 | 0 | ' | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending allowance for loan losses balance for loans collectively evaluated for impairment | 19,405 | 23,535 | 19,405 | 23,535 | ' | 7,166 | 8,613 | 7,166 | 8,613 | ' | 12,057 | 14,612 | 12,057 | 14,612 | ' | 130 | 179 | 130 | 179 | ' | 52 | 131 | 52 | 131 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recorded investment in loans | 1,187,850 | 1,100,060 | 1,187,850 | 1,100,060 | 1,103,478 | 439,601 | 377,309 | 439,601 | 377,309 | 383,905 | 735,280 | 708,121 | 735,280 | 708,121 | 702,480 | 8,607 | 7,907 | 8,607 | 7,907 | 9,692 | 4,362 | 6,723 | 4,362 | 6,723 | 7,401 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recorded investment in loans individually evaluated for impairment | 15,404 | 40,291 | 15,404 | 40,291 | ' | 1,441 | 7,357 | 1,441 | 7,357 | ' | 13,963 | 27,441 | 13,963 | 27,441 | ' | 0 | 5,492 | 0 | 5,492 | ' | 0 | 1 | 0 | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recorded investment in loans collectively evaluated for impairment | $1,172,446 | $1,059,769 | $1,172,446 | $1,059,769 | ' | $438,160 | $369,952 | $438,160 | $369,952 | ' | $721,317 | $680,680 | $721,317 | $680,680 | ' | $8,607 | $2,415 | $8,607 | $2,415 | ' | $4,362 | $6,722 | $4,362 | $6,722 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_4_Goodwill_Details
Note 4 - Goodwill (Details) (USD $) | 0 Months Ended | 9 Months Ended |
Aug. 31, 2013 | Sep. 30, 2013 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ' |
Goodwill, Impairment Loss | $0 | $0 |
Note_4_Goodwill_Details_Change
Note 4 - Goodwill (Details) - Changes In The Carrying Amount of the Company’s Goodwill (USD $) | 0 Months Ended | 9 Months Ended | |
Aug. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | |
Changes In The Carrying Amount of the Company’s Goodwill [Abstract] | ' | ' | ' |
Goodwill | ' | $21,827,000 | $21,827,000 |
Accumulated impairment losses | ' | 7,500,000 | 7,500,000 |
Net goodwill | ' | 14,327,000 | 14,327,000 |
Impairment losses for the nine months ended September 30, 2013 | $0 | $0 | ' |
Note_5_Earnings_Per_Share_Deta
Note 5 - Earnings Per Share (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 130,836 | 302,406 | 212,811 | 520,343 |
Note_5_Earnings_Per_Share_Deta1
Note 5 - Earnings Per Share (Details) - Earnings Per Common Share: (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Earnings Per Common Share: [Abstract] | ' | ' | ' | ' |
Net income available to common shareholders (in Dollars) | $3,448 | $2,712 | $9,271 | $7,403 |
Weighted average common shares in basic EPS | 18,417 | 18,307 | 18,372 | 15,666 |
Effect of dilutive securities | 397 | 341 | 385 | 210 |
Weighted average common and potentially dilutive common shares used in diluted EPS | 18,814 | 18,648 | 18,757 | 15,876 |
Earnings per common share: | ' | ' | ' | ' |
Basic (in Dollars per share) | $0.19 | $0.15 | $0.50 | $0.47 |
Diluted (in Dollars per share) | $0.18 | $0.15 | $0.49 | $0.47 |
Note_6_Commitments_and_Conting2
Note 6 - Commitments and Contingencies (Details) - The Contractual Amount of the Company’s Financial Instruments with Off-Balance Sheet Risk (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Financial instruments with off-balance sheet risk | $172,571 | $118,793 |
Unfunded Loan Commitments [Member] | ' | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Financial instruments with off-balance sheet risk | 154,827 | 99,474 |
Standby Letters of Credit [Member] | ' | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Financial instruments with off-balance sheet risk | 5,873 | 10,387 |
Commercial Letters Of Credit [Member] | ' | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Financial instruments with off-balance sheet risk | 5,972 | 1,595 |
Operating Leases [Member] | ' | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Financial instruments with off-balance sheet risk | $5,899 | $7,337 |
Note_7_Regulatory_Matters_Deta
Note 7 - Regulatory Matters (Details) - Comparison Of The Company’s And Each Of The Banks’ Leverage And Risk-Weighted Capital Ratios (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
MetroCorp Bancshares Inc [Member] | ' | ' |
Total risk-based capital ratio | ' | ' |
Actual Amount (in Dollars) | $221,088 | $212,083 |
Actual Ratio | 17.22% | 17.95% |
Minimum Required For Capital Adequacy Purposes Amount (in Dollars) | 102,719 | 94,509 |
Minimum Required For Capital Adequacy Purposes Ratio | 8.00% | 8.00% |
Tier 1 risk-based capital ratio | ' | ' |
Actual Amount (in Dollars) | 204,969 | 197,077 |
Actual Ratio | 15.96% | 16.68% |
Minimum Required For Capital Adequacy Purposes Amount (in Dollars) | 51,359 | 47,255 |
Minimum Required For Capital Adequacy Purposes Ratio | 4.00% | 4.00% |
Leverage ratio | ' | ' |
Actual Amount (in Dollars) | 204,969 | 197,077 |
Actual Ratio | 12.85% | 13.18% |
Minimum Required For Capital Adequacy Purposes Amount (in Dollars) | 63,801 | 59,812 |
Minimum Required For Capital Adequacy Purposes Ratio | 4.00% | 4.00% |
MetroBank NA [Member] | ' | ' |
Total risk-based capital ratio | ' | ' |
Actual Amount (in Dollars) | 152,143 | 152,613 |
Actual Ratio | 16.40% | 17.80% |
Minimum Required For Capital Adequacy Purposes Amount (in Dollars) | 74,199 | 68,587 |
Minimum Required For Capital Adequacy Purposes Ratio | 8.00% | 8.00% |
To be Categorized as Well Capitalized under Prompt Corrective Action Provisions Amount (in Dollars) | 92,749 | 85,734 |
To be Categorized as Well Capitalized under Prompt Corrective Action Provisions Ratio | 10.00% | 10.00% |
Tier 1 risk-based capital ratio | ' | ' |
Actual Amount (in Dollars) | 140,511 | 141,702 |
Actual Ratio | 15.15% | 16.53% |
Minimum Required For Capital Adequacy Purposes Amount (in Dollars) | 37,099 | 34,293 |
Minimum Required For Capital Adequacy Purposes Ratio | 4.00% | 4.00% |
To be Categorized as Well Capitalized under Prompt Corrective Action Provisions Amount (in Dollars) | 55,649 | 51,440 |
To be Categorized as Well Capitalized under Prompt Corrective Action Provisions Ratio | 6.00% | 6.00% |
Leverage ratio | ' | ' |
Actual Amount (in Dollars) | 140,511 | 141,702 |
Actual Ratio | 12.33% | 12.70% |
Minimum Required For Capital Adequacy Purposes Amount (in Dollars) | 45,587 | 44,613 |
Minimum Required For Capital Adequacy Purposes Ratio | 4.00% | 4.00% |
To be Categorized as Well Capitalized under Prompt Corrective Action Provisions Amount (in Dollars) | 56,984 | 55,766 |
To be Categorized as Well Capitalized under Prompt Corrective Action Provisions Ratio | 5.00% | 5.00% |
Metro United [Member] | ' | ' |
Total risk-based capital ratio | ' | ' |
Actual Amount (in Dollars) | 55,536 | 52,714 |
Actual Ratio | 15.67% | 16.34% |
Minimum Required For Capital Adequacy Purposes Amount (in Dollars) | 28,351 | 25,814 |
Minimum Required For Capital Adequacy Purposes Ratio | 8.00% | 8.00% |
To be Categorized as Well Capitalized under Prompt Corrective Action Provisions Amount (in Dollars) | 35,439 | 32,267 |
To be Categorized as Well Capitalized under Prompt Corrective Action Provisions Ratio | 10.00% | 10.00% |
Tier 1 risk-based capital ratio | ' | ' |
Actual Amount (in Dollars) | 51,076 | 48,636 |
Actual Ratio | 14.41% | 15.07% |
Minimum Required For Capital Adequacy Purposes Amount (in Dollars) | 14,176 | 12,907 |
Minimum Required For Capital Adequacy Purposes Ratio | 4.00% | 4.00% |
To be Categorized as Well Capitalized under Prompt Corrective Action Provisions Amount (in Dollars) | 21,263 | 19,360 |
To be Categorized as Well Capitalized under Prompt Corrective Action Provisions Ratio | 6.00% | 6.00% |
Leverage ratio | ' | ' |
Actual Amount (in Dollars) | 51,076 | 48,636 |
Actual Ratio | 11.16% | 12.76% |
Minimum Required For Capital Adequacy Purposes Amount (in Dollars) | 18,299 | 15,243 |
Minimum Required For Capital Adequacy Purposes Ratio | 4.00% | 4.00% |
To be Categorized as Well Capitalized under Prompt Corrective Action Provisions Amount (in Dollars) | $22,873 | $19,053 |
To be Categorized as Well Capitalized under Prompt Corrective Action Provisions Ratio | 5.00% | 5.00% |
Note_8_Accumulated_Other_Compr2
Note 8 - Accumulated Other Comprehensive Income (Details) - Tax Effects Allocated to Each Component (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Note 8 - Accumulated Other Comprehensive Income (Details) - Tax Effects Allocated to Each Component [Line Items] | ' | ' | ' | ' |
Before Tax Amount | ($850) | $955 | ($7,880) | $1,701 |
Tax Expense (Benefit) | -299 | 344 | -2,847 | 613 |
Net of Tax Amount | -551 | 611 | -5,033 | 1,088 |
Change in Accumulated Gain (Loss) on Effective Cash Flow Derivatives [Member] | ' | ' | ' | ' |
Note 8 - Accumulated Other Comprehensive Income (Details) - Tax Effects Allocated to Each Component [Line Items] | ' | ' | ' | ' |
Before Tax Amount | 87 | 12 | 448 | 65 |
Tax Expense (Benefit) | 31 | 4 | 161 | 23 |
Net of Tax Amount | 56 | 8 | 287 | 42 |
Securities With OTTI Charges During the Period [Member] | ' | ' | ' | ' |
Note 8 - Accumulated Other Comprehensive Income (Details) - Tax Effects Allocated to Each Component [Line Items] | ' | ' | ' | ' |
Before Tax Amount | -36 | -14 | -129 | -101 |
Tax Expense (Benefit) | -13 | -5 | -47 | -36 |
Net of Tax Amount | -23 | -9 | -82 | -65 |
OTTI Charges Recognized in Net Income [Member] | ' | ' | ' | ' |
Note 8 - Accumulated Other Comprehensive Income (Details) - Tax Effects Allocated to Each Component [Line Items] | ' | ' | ' | ' |
Before Tax Amount | -9 | -7 | -75 | -84 |
Tax Expense (Benefit) | -2 | -3 | -27 | -30 |
Net of Tax Amount | -7 | -4 | -48 | -54 |
Net Unrealized Losses On Investment Securities With OTTI [Member] | ' | ' | ' | ' |
Note 8 - Accumulated Other Comprehensive Income (Details) - Tax Effects Allocated to Each Component [Line Items] | ' | ' | ' | ' |
Before Tax Amount | -27 | -7 | -54 | -17 |
Tax Expense (Benefit) | -11 | -2 | -20 | -6 |
Net of Tax Amount | -16 | -5 | -34 | -11 |
Unrealized Holding Gain Arising During the Period [Member] | ' | ' | ' | ' |
Note 8 - Accumulated Other Comprehensive Income (Details) - Tax Effects Allocated to Each Component [Line Items] | ' | ' | ' | ' |
Before Tax Amount | -914 | 974 | -8,241 | 1,761 |
Tax Expense (Benefit) | -320 | 351 | -2,976 | 635 |
Net of Tax Amount | -594 | 623 | -5,265 | 1,126 |
Reclassification Adjustment for Gain (Loss) Included in Net Income [Member] | ' | ' | ' | ' |
Note 8 - Accumulated Other Comprehensive Income (Details) - Tax Effects Allocated to Each Component [Line Items] | ' | ' | ' | ' |
Before Tax Amount | -4 | 24 | 33 | 108 |
Tax Expense (Benefit) | -1 | 9 | 12 | 39 |
Net of Tax Amount | -3 | 15 | 21 | 69 |
Net Unrealized Gains on Investment Securities [Member] | ' | ' | ' | ' |
Note 8 - Accumulated Other Comprehensive Income (Details) - Tax Effects Allocated to Each Component [Line Items] | ' | ' | ' | ' |
Before Tax Amount | -910 | 950 | -8,274 | 1,653 |
Tax Expense (Benefit) | -319 | 342 | -2,988 | 596 |
Net of Tax Amount | ($591) | $608 | ($5,286) | $1,057 |
Note_8_Accumulated_Other_Compr3
Note 8 - Accumulated Other Comprehensive Income (Details) - The Balance of and Changes in Each Component of Accumulated Other Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | |
Accumulated other comprehensive income (loss) December 31, 2012 | ' | ' | $567 | ' | |
Net current-period other comprehensive income (loss) | -551 | 611 | -5,033 | 1,088 | |
Accumulated other comprehensive loss September 30, 2013 | -4,466 | ' | -4,466 | ' | |
Gains (Losses) Effective Hedging [Member] | ' | ' | ' | ' | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | |
Accumulated other comprehensive income (loss) December 31, 2012 | ' | ' | -1,136 | ' | |
Other comprehensive income (losses) before reclassifications | ' | ' | 287 | ' | |
Amounts reclassified from other comprehensive income (loss) (1) | ' | ' | 0 | [1] | ' |
Net current-period other comprehensive income (loss) | ' | ' | 287 | ' | |
Accumulated other comprehensive loss September 30, 2013 | -849 | ' | -849 | ' | |
Unrealized Losses OTTI [Member] | ' | ' | ' | ' | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | |
Accumulated other comprehensive income (loss) December 31, 2012 | ' | ' | -1,017 | ' | |
Other comprehensive income (losses) before reclassifications | ' | ' | -34 | ' | |
Amounts reclassified from other comprehensive income (loss) (1) | ' | ' | 0 | [1] | ' |
Net current-period other comprehensive income (loss) | ' | ' | -34 | ' | |
Accumulated other comprehensive loss September 30, 2013 | -1,051 | ' | -1,051 | ' | |
Net Unrealized Investment Gain [Member] | ' | ' | ' | ' | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | |
Accumulated other comprehensive income (loss) December 31, 2012 | ' | ' | 2,720 | ' | |
Other comprehensive income (losses) before reclassifications | ' | ' | -5,265 | ' | |
Amounts reclassified from other comprehensive income (loss) (1) | ' | ' | -21 | [1] | ' |
Net current-period other comprehensive income (loss) | ' | ' | -5,286 | ' | |
Accumulated other comprehensive loss September 30, 2013 | -2,566 | ' | -2,566 | ' | |
Accumulated Other Comprehensive Income (Loss) [Member] | ' | ' | ' | ' | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | |
Accumulated other comprehensive income (loss) December 31, 2012 | ' | ' | 567 | ' | |
Other comprehensive income (losses) before reclassifications | ' | ' | -5,012 | ' | |
Amounts reclassified from other comprehensive income (loss) (1) | ' | ' | -21 | [1] | ' |
Net current-period other comprehensive income (loss) | ' | ' | -5,033 | ' | |
Accumulated other comprehensive loss September 30, 2013 | ($4,466) | ' | ($4,466) | ' | |
[1] | Amounts reclassified from other comprehensive income were transferred to gain (loss) on securities, net. |
Note_9_Derivative_Financial_In2
Note 9 - Derivative Financial Instruments (Details) (USD $) | 9 Months Ended | ||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2011 | Dec. 31, 2010 | Sep. 30, 2009 |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ' | ' | ' | ' |
Derivative Asset, Notional Amount | ' | ' | $15 | $17.50 | $17.50 |
Junior Subordinated Notes | ' | ' | ' | ' | 36.1 |
Average Term of Credit Risk Derivatives | '5 years | ' | ' | ' | ' |
Derivative, Fixed Interest Rate | ' | ' | ' | 5.38% | ' |
Derivative, Variable Interest Rate | ' | ' | ' | 1.55% | ' |
Derivative, Cap Interest Rate | ' | ' | 2.00% | ' | ' |
Derivative, Collateral, Right to Reclaim Cash | $1.60 | $2.30 | ' | ' | ' |
Note_9_Derivative_Financial_In3
Note 9 - Derivative Financial Instruments (Details) - Notional Amounts And Estimated Fair Values Of Interest Rate Derivative Contracts (USD $) | Sep. 30, 2011 | Dec. 31, 2010 | Sep. 30, 2009 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | |||
Note 9 - Derivative Financial Instruments (Details) - Notional Amounts And Estimated Fair Values Of Interest Rate Derivative Contracts [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Interest rate derivative contract | $15,000 | $17,500 | $17,500 | $17,500 | $17,500 | $15,000 | $15,000 |
Interest rate derivative contract | ' | ' | ' | ($1,327) | ($1,775) | $63 | $41 |
Note_9_Derivative_Financial_In4
Note 9 - Derivative Financial Instruments (Details) - Derivatives Designated As Cash Flow Hedges (Interest Rate Swap [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Note 9 - Derivative Financial Instruments (Details) - Derivatives Designated As Cash Flow Hedges [Line Items] | ' | ' | ' | ' |
Interest rate swap | $87 | $11 | $448 | $65 |
Derivative Effective Portion Reclassified From AOCI into Income [Member] | ' | ' | ' | ' |
Note 9 - Derivative Financial Instruments (Details) - Derivatives Designated As Cash Flow Hedges [Line Items] | ' | ' | ' | ' |
Interest rate swap | 0 | 0 | 0 | 0 |
Hedge Ineffectiveness Recorded Directly in Income [Member] | ' | ' | ' | ' |
Note 9 - Derivative Financial Instruments (Details) - Derivatives Designated As Cash Flow Hedges [Line Items] | ' | ' | ' | ' |
Interest rate swap | 0 | 0 | 0 | 0 |
Total Income Statement Impact [Member] | ' | ' | ' | ' |
Note 9 - Derivative Financial Instruments (Details) - Derivatives Designated As Cash Flow Hedges [Line Items] | ' | ' | ' | ' |
Interest rate swap | 0 | 0 | 0 | 0 |
Derivative Effective Portion Recorded in OCI [Member] | ' | ' | ' | ' |
Note 9 - Derivative Financial Instruments (Details) - Derivatives Designated As Cash Flow Hedges [Line Items] | ' | ' | ' | ' |
Interest rate swap | $87 | $11 | $448 | $65 |
Note_9_Derivative_Financial_In5
Note 9 - Derivative Financial Instruments (Details) - Non-hedging Interest Rate Derivatives (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Non-hedging interest rate derivative: | ' | ' | ' | ' |
Other non-interest income | $2,089 | $1,872 | $5,683 | $5,435 |
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | ' | ' | ' | ' |
Non-hedging interest rate derivative: | ' | ' | ' | ' |
Other non-interest income | ($19) | ($31) | $22 | ($139) |
Note_10_Operating_Segment_Info2
Note 10 - Operating Segment Information (Details) - Selected Operating Segment Information (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total interest income | $16,061 | $16,029 | $46,353 | $48,608 |
Total interest expense | 2,370 | 2,381 | 6,859 | 7,671 |
Net interest income | 13,691 | 13,648 | 39,494 | 40,937 |
(Reduction in) provision for loan losses | -655 | -300 | -1,130 | 300 |
Net interest income after provision for loan losses | 14,346 | 13,948 | 40,624 | 40,637 |
Noninterest income | 2,089 | 1,872 | 5,683 | 5,435 |
Noninterest expenses | 11,478 | 11,529 | 32,488 | 33,774 |
Income (loss) before income tax provision | 4,957 | 4,291 | 13,819 | 12,298 |
Provision (benefit) for income taxes | 1,509 | 1,410 | 4,548 | 4,023 |
Net income (loss) | 3,448 | 2,881 | 9,271 | 8,275 |
MetroBank [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total interest income | 11,404 | 11,926 | 33,361 | 36,483 |
Total interest expense | 1,353 | 1,483 | 3,990 | 4,834 |
Net interest income | 10,051 | 10,443 | 29,371 | 31,649 |
(Reduction in) provision for loan losses | -800 | -300 | -1,250 | 300 |
Net interest income after provision for loan losses | 10,851 | 10,743 | 30,621 | 31,349 |
Noninterest income | 2,115 | 2,126 | 6,117 | 6,188 |
Noninterest expenses | 8,336 | 8,281 | 23,362 | 25,143 |
Income (loss) before income tax provision | 4,630 | 4,588 | 13,376 | 12,394 |
Provision (benefit) for income taxes | 1,517 | 1,449 | 4,310 | 3,921 |
Net income (loss) | 3,113 | 3,139 | 9,066 | 8,473 |
Metro United [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total interest income | 4,657 | 4,096 | 12,986 | 12,104 |
Total interest expense | 696 | 548 | 1,910 | 1,793 |
Net interest income | 3,961 | 3,548 | 11,076 | 10,311 |
(Reduction in) provision for loan losses | 145 | 0 | 120 | 0 |
Net interest income after provision for loan losses | 3,816 | 3,548 | 10,956 | 10,311 |
Noninterest income | 321 | 84 | 620 | 260 |
Noninterest expenses | 2,749 | 2,870 | 7,805 | 8,043 |
Income (loss) before income tax provision | 1,388 | 762 | 3,771 | 2,528 |
Provision (benefit) for income taxes | 349 | 321 | 1,358 | 995 |
Net income (loss) | 1,039 | 441 | 2,413 | 1,533 |
Other Segments [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total interest income | ' | 7 | 6 | 21 |
Total interest expense | 321 | 350 | 959 | 1,044 |
Net interest income | -321 | -343 | -953 | -1,023 |
(Reduction in) provision for loan losses | 0 | 0 | 0 | 0 |
Net interest income after provision for loan losses | -321 | -343 | -953 | -1,023 |
Noninterest income | -347 | -338 | -1,054 | -1,013 |
Noninterest expenses | 393 | 378 | 1,321 | 588 |
Income (loss) before income tax provision | -1,061 | -1,059 | -3,328 | -2,624 |
Provision (benefit) for income taxes | -357 | -360 | -1,120 | -893 |
Net income (loss) | ($704) | ($699) | ($2,208) | ($1,731) |
Note_10_Operating_Segment_Info3
Note 10 - Operating Segment Information (Details) - Other Operating Segment Information (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | ||
In Thousands, unless otherwise specified | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ||
Net loans (1) | $1,163,864 | $1,075,745 | ' | ||
Total assets | 1,634,449 | 1,519,812 | 1,526,088 | ||
Deposits | 1,352,468 | 1,267,030 | 1,265,057 | ||
MetroBank [Member] | Includes Loans Held For Sale [Member] | ' | ' | ' | ||
Segment Reporting Information [Line Items] | ' | ' | ' | ||
Net loans (1) | 802,569 | [1] | ' | 759,904 | [1] |
MetroBank [Member] | ' | ' | ' | ||
Segment Reporting Information [Line Items] | ' | ' | ' | ||
Total assets | 1,146,878 | ' | 1,128,652 | ||
Deposits | 957,061 | ' | 946,206 | ||
Metro United [Member] | Includes Loans Held For Sale [Member] | ' | ' | ' | ||
Segment Reporting Information [Line Items] | ' | ' | ' | ||
Net loans (1) | 361,455 | [1] | ' | 311,409 | [1] |
Metro United [Member] | ' | ' | ' | ||
Segment Reporting Information [Line Items] | ' | ' | ' | ||
Total assets | 488,848 | ' | 396,019 | ||
Deposits | 411,749 | ' | 325,646 | ||
Other Segments [Member] | Includes Loans Held For Sale [Member] | ' | ' | ' | ||
Segment Reporting Information [Line Items] | ' | ' | ' | ||
Net loans (1) | 0 | [1] | ' | 0 | [1] |
Other Segments [Member] | ' | ' | ' | ||
Segment Reporting Information [Line Items] | ' | ' | ' | ||
Total assets | -1,277 | ' | 1,417 | ||
Deposits | -16,342 | ' | -6,795 | ||
Includes Loans Held For Sale [Member] | ' | ' | ' | ||
Segment Reporting Information [Line Items] | ' | ' | ' | ||
Net loans (1) | $1,164,024 | [1] | ' | $1,071,313 | [1] |
[1] | Includes loans held-for-sale. |
Note_11_Fair_Value_Details_Fin
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | $183,657 | $164,048 |
Derivative asset | ' | ' |
Total assets measured at fair value on a recurring basis | 183,720 | 164,089 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 0 | 0 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 81,746 | 71,181 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 0 | 0 |
US Government Agencies Debt Securities [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 81,746 | 71,181 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 17,143 | 13,389 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 17,143 | 13,389 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 0 | 0 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 6,279 | 6,350 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 0 | 0 |
Corporate Debt Securities [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 6,279 | 6,350 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 0 | 0 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 63,727 | 57,941 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 0 | 0 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 63,727 | 57,941 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 0 | 0 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 668 | 683 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 0 | 0 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 668 | 683 |
Asset-backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 0 | 0 |
Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 143 | 143 |
Asset-backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 0 | 0 |
Asset-backed Securities [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 143 | 143 |
CRA Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 13,951 | 14,361 |
CRA Funds [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 0 | 0 |
CRA Funds [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 0 | 0 |
CRA Funds [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 13,951 | 14,361 |
Derivative Interest Rate Cap (Member) | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Derivative asset | ' | ' |
Derivative Assets | 0 | 0 |
Derivative Interest Rate Cap (Member) | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Derivative asset | ' | ' |
Derivative Assets | 63 | 41 |
Derivative Interest Rate Cap (Member) | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Derivative asset | ' | ' |
Derivative Assets | 0 | 0 |
Derivative Interest Rate Cap (Member) | ' | ' |
Derivative asset | ' | ' |
Derivative Assets | 63 | 41 |
Derivative Interest Rate Swap (Member) | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Derivative liability at September 30, 2013 | ' | ' |
Derivative Liabilities | 0 | 0 |
Derivative Interest Rate Swap (Member) | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Derivative liability at September 30, 2013 | ' | ' |
Derivative Liabilities | -1,327 | -1,775 |
Derivative Interest Rate Swap (Member) | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Derivative liability at September 30, 2013 | ' | ' |
Derivative Liabilities | 0 | 0 |
Derivative Interest Rate Swap (Member) | ' | ' |
Derivative liability at September 30, 2013 | ' | ' |
Derivative Liabilities | -1,327 | -1,775 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 13,951 | 14,361 |
Derivative asset | ' | ' |
Total assets measured at fair value on a recurring basis | 13,951 | 14,361 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 169,706 | 149,687 |
Derivative asset | ' | ' |
Total assets measured at fair value on a recurring basis | 169,769 | 149,728 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value (Details) - Financial Instruments Carried At Fair Value On A Recurring Basis By Caption On The Consolidated Balance Sheets And By Valuation Hierarchy [Line Items] | ' | ' |
Securities Available-For-Sale | 0 | 0 |
Derivative asset | ' | ' |
Total assets measured at fair value on a recurring basis | $0 | $0 |
Note_11_Fair_Value_Details_Ass
Note 11 - Fair Value (Details) - Assets Carried At Fair Value On A Nonrecurring Basis By Caption On The Condensed Consolidated Balance Sheets And By Valuation Hierarchy (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Foreclosed Assets [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ||
Assets | ' | ' | ||
Assets | $0 | $0 | ||
Foreclosed Assets [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ||
Assets | ' | ' | ||
Assets | 9,373 | 12,555 | ||
Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ||
Assets | ' | ' | ||
Assets | 485 | [1] | 4,646 | [1] |
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ||
Assets | ' | ' | ||
Assets | $0 | [1] | $0 | [1] |
[1] | Impaired loans represent collateral dependent impaired loans with a specific valuation reserve. |
Note_11_Fair_Value_Details_Los
Note 11 - Fair Value (Details) - Losses Related to Fair Value Adjustments (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Foreclosed Assets [Member] | ' | ' | ' | ' | ||||
Losses related to: | ' | ' | ' | ' | ||||
Losses | $14 | [1] | $598 | [1] | $117 | [1] | $1,520 | [1] |
Impaired Loans [Member] | ' | ' | ' | ' | ||||
Losses related to: | ' | ' | ' | ' | ||||
Losses | ' | [2] | ' | [2] | $50 | [2] | $451 | [2] |
[1] | Losses represent related losses on foreclosed properties that were written down subsequent to their initial classification as foreclosed properties. | |||||||
[2] | Losses on impaired loans represent charge-offs which are netted against the allowance for loan losses. |
Note_11_Fair_Value_Details_Car
Note 11 - Fair Value (Details) - Carrying Value And Estimated Fair Values Of Financial Instruments (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2009 | ||
In Thousands, unless otherwise specified | |||||||
Level 2 inputs: | ' | ' | ' | ' | ' | ||
Cash and cash equivalents | $167,490 | $159,449 | $174,911 | $193,609 | ' | ||
Interest-bearing deposits in banks | 15,616 | 15,321 | ' | ' | ' | ||
Investment securities held-to-maturity | 7,788 | 4,046 | ' | ' | ' | ||
Investment securities held-to-maturity | 8,108 | 4,757 | ' | ' | ' | ||
Other investments | 5,702 | 5,592 | ' | ' | ' | ||
Cash value of bank owned life insurance | 33,721 | 32,794 | ' | ' | ' | ||
Accrued interest receivable | 3,753 | 4,120 | ' | ' | ' | ||
Level 3 inputs: | ' | ' | ' | ' | ' | ||
Loans held-for-investment, net (1) | 1,164,024 | 1,075,745 | ' | ' | ' | ||
Level 2 inputs: | ' | ' | ' | ' | ' | ||
Junior subordinated debentures | ' | ' | ' | ' | 36,100 | ||
Level 3 inputs: | ' | ' | ' | ' | ' | ||
Time deposits | 1,352,468 | 1,267,030 | 1,265,057 | ' | ' | ||
Reported Value Measurement [Member] | ' | ' | ' | ' | ' | ||
Level 2 inputs: | ' | ' | ' | ' | ' | ||
Cash and cash equivalents | 167,490 | 159,449 | ' | ' | ' | ||
Interest-bearing deposits in banks | 15,616 | 15,321 | ' | ' | ' | ||
Investment securities held-to-maturity | 7,788 | 4,046 | ' | ' | ' | ||
Other investments | 5,702 | 5,592 | ' | ' | ' | ||
Cash value of bank owned life insurance | 33,721 | 32,794 | ' | ' | ' | ||
Accrued interest receivable | 3,753 | 4,120 | ' | ' | ' | ||
Level 3 inputs: | ' | ' | ' | ' | ' | ||
Loans held-for-investment, net (1) | 1,164,024 | [1] | 1,075,745 | [1] | ' | ' | ' |
Level 2 inputs: | ' | ' | ' | ' | ' | ||
Deposit transaction accounts | 798,693 | 808,377 | ' | ' | ' | ||
Junior subordinated debentures | 36,083 | 36,083 | ' | ' | ' | ||
Accrued interest payable | 280 | 233 | ' | ' | ' | ||
Level 3 inputs: | ' | ' | ' | ' | ' | ||
Time deposits | 553,775 | 458,653 | ' | ' | ' | ||
Other borrowings | 46,000 | 25,000 | ' | ' | ' | ||
Off-balance sheet financial instruments | ' | ' | ' | ' | ' | ||
Unfunded loan commitments, including unfunded lines of credit | 0 | 0 | ' | ' | ' | ||
Standby letters of credit | 0 | 0 | ' | ' | ' | ||
Estimate of Fair Value Measurement [Member] | ' | ' | ' | ' | ' | ||
Level 2 inputs: | ' | ' | ' | ' | ' | ||
Cash and cash equivalents | 167,490 | 159,449 | ' | ' | ' | ||
Interest-bearing deposits in banks | 15,616 | 15,321 | ' | ' | ' | ||
Investment securities held-to-maturity | 8,108 | 4,757 | ' | ' | ' | ||
Other investments | 5,702 | 5,592 | ' | ' | ' | ||
Cash value of bank owned life insurance | 33,721 | 32,794 | ' | ' | ' | ||
Accrued interest receivable | 3,753 | 4,120 | ' | ' | ' | ||
Level 3 inputs: | ' | ' | ' | ' | ' | ||
Loans held-for-investment, net (1) | 1,149,087 | [1] | 1,062,432 | [1] | ' | ' | ' |
Level 2 inputs: | ' | ' | ' | ' | ' | ||
Deposit transaction accounts | 798,693 | 808,377 | ' | ' | ' | ||
Junior subordinated debentures | 36,083 | 36,083 | ' | ' | ' | ||
Accrued interest payable | 280 | 233 | ' | ' | ' | ||
Level 3 inputs: | ' | ' | ' | ' | ' | ||
Time deposits | 556,408 | 461,672 | ' | ' | ' | ||
Other borrowings | 46,737 | 25,008 | ' | ' | ' | ||
Off-balance sheet financial instruments | ' | ' | ' | ' | ' | ||
Unfunded loan commitments, including unfunded lines of credit | 214 | 251 | ' | ' | ' | ||
Standby letters of credit | $23 | $24 | ' | ' | ' | ||
[1] | Includes loans held-for-sale. |
Note_12_Income_Taxes_Details
Note 12 - Income Taxes (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' |
Effective Income Tax Rate Reconciliation, Percent | 30.40% | 32.90% | 32.90% | 32.70% |
Income Tax Expense (Benefit) (in Dollars) | $1,509,000 | $1,410,000 | $4,548,000 | $4,023,000 |
Deferred Tax Assets, Net (in Dollars) | $15,300,000 | ' | $15,300,000 | ' |
Operating Loss Carryforward Period | '20 years | ' | '20 years | ' |