Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Nov. 01, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Trading Symbol | 'PCBK | ' |
Entity Registrant Name | 'PACIFIC CONTINENTAL CORP | ' |
Entity Central Index Key | '0001084717 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 17,717,214 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
ASSETS | ' | ' | ' |
Cash and due from banks | $18,671 | $19,410 | $26,568 |
Interest-bearing deposits with banks | 5,841 | 1,698 | 16,041 |
Total cash and cash equivalents | 24,512 | 21,108 | 42,609 |
Securities available-for-sale | 348,052 | 347,386 | 347,506 |
Loans, less allowance for loan losses and net deferred fees | 1,019,127 | 977,928 | 960,916 |
Interest receivable | 4,759 | 4,703 | 4,608 |
Federal Home Loan Bank stock | 10,125 | 10,425 | 10,523 |
Property and equipment, net of accumulated depreciation | 18,040 | 18,836 | 19,116 |
Goodwill and intangible assets | 23,525 | 23,616 | 23,710 |
Deferred tax asset | 7,247 | 9,598 | 9,438 |
Other real estate owned | 13,177 | 16,355 | 16,602 |
Bank-owned life insurance | 16,488 | 16,136 | 16,008 |
Other assets | 4,667 | 3,635 | 3,842 |
Total assets | 1,489,719 | 1,449,726 | 1,454,878 |
Deposits | ' | ' | ' |
Noninterest-bearing demand | 390,790 | 366,891 | 379,598 |
Savings and interest-bearing checking | 598,776 | 559,632 | 565,204 |
Core time deposits | 57,645 | 63,792 | 70,850 |
Total core deposits | 1,047,211 | 990,315 | 1,015,652 |
Other deposits | 98,024 | 100,666 | 101,877 |
Total deposits | 1,145,235 | 1,090,981 | 1,117,529 |
Federal funds and overnight funds purchased | 670 | 5,150 | ' |
Federal Home Loan Bank borrowings | 145,000 | 160,000 | 145,000 |
Junior subordinated debentures | 8,248 | 8,248 | 8,248 |
Accrued interest and other payables | 8,028 | 6,163 | 4,423 |
Total liabilities | 1,307,181 | 1,270,542 | 1,275,200 |
Shareholders' equity | ' | ' | ' |
Common stock, shares authorized: 50,000,000; shares issued and outstanding: 17,716,776 at September 30, 2014, 17,891,687 at December 31, 2013, and 17,888,251 at September 30, 2013 | 131,057 | 133,835 | 133,597 |
Retained earnings | 48,011 | 45,250 | 45,533 |
Accumulated other comprehensive income | 3,470 | 99 | 548 |
Total shareholders' equity | 182,538 | 179,184 | 179,678 |
Total liabilities and shareholders' equity | $1,489,719 | $1,449,726 | $1,454,878 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Statement of Financial Position [Abstract] | ' | ' | ' |
Common stock, shares authorized | 50,000,000 | 50,000,000 | 50,000,000 |
Common stock, shares issued | 17,716,776 | 17,891,687 | 17,888,251 |
Common stock, shares outstanding | 17,716,776 | 17,891,687 | 17,888,251 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Interest and dividend income | ' | ' | ' | ' |
Loans | $13,703 | $14,028 | $40,391 | $39,793 |
Taxable securities | 1,547 | 1,489 | 4,693 | 4,164 |
Tax-exempt securities | 500 | 488 | 1,471 | 1,430 |
Federal funds sold & interest-bearing deposits with banks | 3 | 2 | 7 | 7 |
Total interest and dividend income | 15,753 | 16,007 | 46,562 | 45,394 |
Interest expense | ' | ' | ' | ' |
Deposits | 843 | 801 | 2,469 | 2,586 |
Federal Home Loan Bank & Federal Reserve borrowings | 278 | 292 | 838 | 905 |
Junior subordinated debentures | 57 | 51 | 169 | 140 |
Federal funds purchased | 3 | 5 | 12 | 12 |
Total interest expense | 1,181 | 1,149 | 3,488 | 3,643 |
Net interest income | 14,572 | 14,858 | 43,074 | 41,751 |
Provision for loan losses | ' | ' | ' | 250 |
Net interest income after provision for loan losses | 14,572 | 14,858 | 43,074 | 41,501 |
Noninterest income | ' | ' | ' | ' |
Service charges on deposit accounts | 524 | 487 | 1,582 | 1,436 |
Other fee income, principally bankcard | 211 | 432 | 657 | 1,217 |
Bank-owned life insurance income | 118 | 131 | 352 | 387 |
Net gain (loss) on sale of investment securities | 3 | ' | -34 | -8 |
Impairment losses on investment securities (OTTI) | ' | ' | ' | -16 |
Other noninterest income | 341 | 397 | 1,119 | 1,248 |
Total noninterest income | 1,197 | 1,447 | 3,676 | 4,264 |
Noninterest expense | ' | ' | ' | ' |
Salaries and employee benefits | 5,939 | 5,541 | 17,851 | 16,344 |
Property and equipment | 958 | 919 | 2,825 | 2,746 |
Data processing | 657 | 659 | 2,019 | 1,954 |
Legal and professional services | 148 | 421 | 889 | 1,460 |
Business development | 344 | 421 | 1,059 | 1,375 |
FDIC insurance assessment | 209 | 231 | 647 | 674 |
Bankcard processing | 1 | 150 | 6 | 418 |
Other real estate expense | 100 | 1,185 | 338 | 1,762 |
Merger related expense | ' | ' | ' | 1,246 |
Other noninterest expense | 793 | 879 | 2,296 | 2,708 |
Total noninterest expense | 9,149 | 10,406 | 27,930 | 30,687 |
Income before provision for income taxes | 6,620 | 5,899 | 18,820 | 15,078 |
Provision for income taxes | 2,189 | 1,959 | 6,409 | 4,963 |
Net income | $4,431 | $3,940 | $12,411 | $10,115 |
Earnings per share | ' | ' | ' | ' |
Basic | $0.25 | $0.22 | $0.70 | $0.57 |
Diluted | $0.25 | $0.22 | $0.69 | $0.56 |
Weighted average shares outstanding | ' | ' | ' | ' |
Basic | 17,749,217 | 17,888,182 | 17,844,914 | 17,865,582 |
Common stock equivalents attributable to stock-based awards | 221,241 | 221,100 | 229,687 | 191,046 |
Diluted | 17,970,458 | 18,109,282 | 18,074,601 | 18,056,628 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income | $4,431 | $3,940 | $12,411 | $10,115 |
Available-for-sale securities: | ' | ' | ' | ' |
Unrealized (loss) gain arising during the period | -460 | 528 | 5,622 | -8,998 |
Reclassification adjustment for (losses) gains realized in net income | -3 | ' | 34 | 24 |
Income tax benefit (expense) | 180 | -206 | -2,206 | 3,500 |
Derivative agreements-cash flow hedge | ' | ' | ' | ' |
Unrealized gain (loss) arising during the period | 57 | -38 | -130 | 313 |
Income tax (expense) benefit | -22 | 15 | 51 | -122 |
Total other comprehensive (loss) income, net of tax | -248 | 299 | 3,371 | -5,283 |
Total comprehensive income | $4,183 | $4,239 | $15,782 | $4,832 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Shareholders' Equity (USD $) | Total | Common Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income [Member] |
In Thousands, except Share data | ||||
Balance at Dec. 31, 2012 | $183,381 | $133,017 | $44,533 | $5,831 |
Balance, shares at Dec. 31, 2012 | ' | 17,835,088 | ' | ' |
Net income | 13,767 | ' | 13,767 | ' |
Other comprehensive income, net of tax | -5,732 | ' | ' | -5,732 |
Comprehensive income | 8,035 | ' | ' | ' |
Stock issuance | ' | ' | ' | ' |
Stock issuance, shares | ' | 56,599 | ' | ' |
Share-based compensation expense | 1,102 | 1,102 | ' | ' |
Share-based compensation expense, shares | ' | ' | ' | ' |
Vested employee RSUs and SARs surrendered to cover tax consequences | -284 | -284 | ' | ' |
Cash dividends | -13,050 | ' | -13,050 | ' |
Balance at Dec. 31, 2013 | 179,184 | 133,835 | 45,250 | 99 |
Balance, shares at Dec. 31, 2013 | ' | 17,891,687 | ' | ' |
Net income | 12,411 | ' | 12,411 | ' |
Other comprehensive income, net of tax | 3,371 | ' | ' | 3,371 |
Comprehensive income | 15,782 | ' | ' | ' |
Stock issuance and related tax benefit | 203 | 203 | ' | ' |
Stock issuance and related tax benefit, shares | ' | 92,169 | ' | ' |
Stock repurchased | -3,600 | -3,600 | ' | ' |
Stock repurchased, shares | ' | -267,080 | ' | ' |
Share-based compensation expense | 1,127 | 1,127 | ' | ' |
Share-based compensation expense, shares | ' | ' | ' | ' |
Vested employee RSUs and SARs surrendered to cover tax consequences | -508 | -508 | ' | ' |
Cash dividends | -9,650 | ' | -9,650 | ' |
Balance at Sep. 30, 2014 | $182,538 | $131,057 | $48,011 | $3,470 |
Balance, shares at Sep. 30, 2014 | ' | 17,716,776 | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Cash flows from operating activities: | ' | ' |
Net income | $12,411 | $10,115 |
Adjustments to reconcile net income to net cash from operating activities: | ' | ' |
Depreciation and amortization, net of accretion | 5,155 | 6,798 |
Valuation adjustment on foreclosed assets | 82 | 1,436 |
Provision for loan losses | ' | 250 |
Deferred income taxes | 197 | 620 |
BOLI income | -352 | -387 |
Share-based compensation | 1,202 | 877 |
Loss on sale of investment securities | 34 | 8 |
Other than temporary impairment on investment securities | ' | 16 |
Gain on sale from foreclosed assets | -7 | ' |
Excess tax benefit of stock options exercised | 14 | ' |
Change in: | ' | ' |
Interest receivable | -56 | 162 |
Deferred loan fees | 102 | 114 |
Accrued interest payable and other liabilities | 1,803 | -1,758 |
Income taxes receivable | 80 | 1,415 |
Other assets | -1,242 | -462 |
Net cash provided by operating activities | 19,423 | 19,204 |
Cash flows from investing activities: | ' | ' |
Proceeds from maturities and sales of available-for-sale investment securities | 60,621 | 84,788 |
Purchase of available-for-sale investment securities | -59,612 | -56,908 |
Net loan principal originations | -43,029 | -44,425 |
Net purchase of property and equipment | -322 | -835 |
Proceeds on sale of foreclosed assets | 4,831 | 489 |
Redemption of Federal Home Loan Bank stock | 300 | 293 |
Cash consideration paid, net of cash acquired in merger | ' | -2,891 |
Net cash used by investing activities | -37,211 | -19,489 |
Cash flows from financing activities: | ' | ' |
Change in deposits | 54,255 | 8,165 |
Change in federal funds purchased and Federal Home Loan Bank short-term borrowings | -19,480 | 17,430 |
Proceeds from Federal Home Loan Bank term advances originated | ' | -2,000 |
Proceeds from stock options exercised | 189 | ' |
Excess tax benefit from stock options exercised | -14 | ' |
Dividends paid | -9,650 | -9,115 |
Repurchase of common stock | -3,600 | ' |
Vested SARs and RSUs surrendered by employee to cover tax consequence | -508 | -287 |
Net cash provided by financing activities | 21,192 | 14,193 |
Net change in cash and cash equivalents | 3,404 | 13,908 |
Cash and cash equivalents, beginning of period | 21,108 | 28,701 |
Cash and cash equivalents, end of period | 24,512 | 42,609 |
Noncash investing and financing activities: | ' | ' |
Transfers of loans to foreclosed assets | 1,728 | 555 |
Change in fair value of securities, net of deferred income taxes | 3,371 | -5,283 |
Cash paid during the period for: | ' | ' |
Income taxes | 6,258 | 3,550 |
Interest | $3,430 | $3,544 |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation | ' |
NOTE 1 - BASIS OF PRESENTATION | |
The accompanying interim consolidated financial statements include the accounts of Pacific Continental Corporation (the “Company”), a bank holding company, and its wholly owned subsidiary, Pacific Continental Bank (the “Bank”), and the Bank’s wholly owned subsidiaries, PCB Services Corporation and PCB Loan Services Corporation (both of which are presently inactive). All significant intercompany accounts and transactions have been eliminated in consolidation. | |
The accompanying consolidated financial statements have been prepared by the Company without audit and in conformity with generally accepted accounting principles in the United States of America for interim financial information. The consolidated financial statements include all adjustments and normal accruals, which the Company considers necessary for a fair presentation of the results of operations for such interim periods. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, as of the date of the balance sheets and income and expenses for the periods. Actual results could differ from those estimates. | |
The balance sheet data as of December 31, 2013, was derived from audited consolidated financial statements, but does not include all disclosures contained in the Company’s 2013 Form 10-K. The interim consolidated financial statements should be read in conjunction with the December 31, 2013, consolidated financial statements, including the notes thereto, included in the Company’s 2013 Form 10-K. |
Securities_AvailableforSale
Securities Available-for-Sale | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Securities Available-for-Sale | ' | ||||||||||||||||||||||||
NOTE 2 – SECURITIES AVAILABLE-FOR-SALE | |||||||||||||||||||||||||
The amortized cost and estimated fair values of securities available-for-sale at September 30, 2014, were as follows: | |||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair | ||||||||||||||||||||||
Gains | Losses | Value | |||||||||||||||||||||||
Unrealized Loss Positions | |||||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 8,080 | $ | — | $ | (77 | ) | $ | 8,003 | ||||||||||||||||
Obligations of states and political subdivisions | 15,349 | — | (281 | ) | 15,068 | ||||||||||||||||||||
Private-label mortgage-backed securities | 877 | — | (55 | ) | 822 | ||||||||||||||||||||
Mortgage-backed securities | 65,356 | — | (758 | ) | 64,598 | ||||||||||||||||||||
SBA variable rate pools | 10,390 | — | (139 | ) | 10,251 | ||||||||||||||||||||
$ | 100,052 | $ | — | $ | (1,310 | ) | $ | 98,742 | |||||||||||||||||
Unrealized Gain Positions | |||||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 30,562 | $ | 383 | $ | — | $ | 30,945 | |||||||||||||||||
Obligations of states and political subdivisions | 64,816 | 3,104 | — | 67,920 | |||||||||||||||||||||
Private-label mortgage-backed securities | 3,178 | 127 | — | 3,305 | |||||||||||||||||||||
Mortgage-backed securities | 138,247 | 3,076 | — | 141,323 | |||||||||||||||||||||
SBA variable rate pools | 5,783 | 34 | — | 5,817 | |||||||||||||||||||||
$ | 242,586 | $ | 6,724 | $ | — | $ | 249,310 | ||||||||||||||||||
$ | 342,638 | $ | 6,724 | $ | (1,310 | ) | $ | 348,052 | |||||||||||||||||
At September 30, 2014, of the 399 investment securities held, there were 77 in unrealized loss positions. Unrealized losses existed on certain securities classified as obligations of U.S. government agencies, obligations of state and political subdivisions, private-label mortgage-backed securities, mortgage-backed securities and SBA variable rate pools. The unrealized losses on mortgage-backed securities, securities that are obligations of U.S. government agencies, obligations of state and political subdivisions, and SBA variable rate pools were deemed to be temporary, as these securities retain strong credit ratings, continue to perform adequately, and are backed by various government-sponsored enterprises. These decreases in fair value are associated with the changes in market interest rates or the widening of market spreads subsequent to the initial purchase of the securities, and are not due to concerns regarding the underlying credit of the issuers or the underlying collateral. The decline in value of these securities resulted from current economic conditions. Although yields on these securities may be below market rates during the period, no loss of principal is expected. | |||||||||||||||||||||||||
The following table presents a summary of securities in a continuous unrealized loss position at September 30, 2014: | |||||||||||||||||||||||||
Securities in | Gross | Securities in | Gross | ||||||||||||||||||||||
Continuous | Unrealized Loss | Continuous | Unrealized Loss | ||||||||||||||||||||||
Unrealized | on Securities | Unrealized | on Securities | ||||||||||||||||||||||
Loss | in Loss | Loss | in Loss | ||||||||||||||||||||||
Position for | Position for | Position for | Position for | ||||||||||||||||||||||
Less Than | Less Than | 12 Months | 12 Months | ||||||||||||||||||||||
12 Months | 12 Months | or Longer | or Longer | ||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 5,061 | $ | 20 | $ | 2,941 | $ | 57 | |||||||||||||||||
Obligations of states and political subdivisions | 295 | 1 | 14,772 | 280 | |||||||||||||||||||||
Private-label mortgage-backed securities | 320 | 1 | 503 | 54 | |||||||||||||||||||||
Mortgage-backed securities | 32,898 | 151 | 31,701 | 607 | |||||||||||||||||||||
SBA variable rate pools | 10,251 | 139 | — | — | |||||||||||||||||||||
$ | 48,825 | $ | 312 | $ | 49,917 | $ | 998 | ||||||||||||||||||
During the third quarter 2014, management reviewed all private label mortgage backed securities for the presence of other-than-temporary impairment (“OTTI”) and determined no additional OTTI was required. Management’s OTTI evaluation included the use of independently generated third-party credit surveillance reports that analyze the loans underlying each security. These reports include estimates of default rates and severities, life collateral loss rates, and static voluntary prepayment assumptions to generate estimated cash flows at the individual security level. Additionally, management considered factors such as downgraded credit ratings, severity and duration of the impairments, the stability of the issuers, and any discounts paid when the securities were purchased. Management has considered all available information related to the collectability of the impaired investment securities and believes that the estimated credit loss is appropriate. | |||||||||||||||||||||||||
Following is a tabular roll-forward of the amount of credit-related OTTI recognized in earnings during the three and nine months ended September 30, 2014, and 2013: | |||||||||||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
Balance, beginning of period: | $ | 227 | $ | 220 | $ | 227 | $ | 220 | |||||||||||||||||
Additions: | |||||||||||||||||||||||||
Initial OTTI credit loss | — | — | — | — | |||||||||||||||||||||
Balance, end of period: | $ | 227 | $ | 220 | $ | 227 | $ | 220 | |||||||||||||||||
At September 30, 2014, six of the Company’s private-label mortgage-backed securities with an amortized cost of $1,950 were classified as substandard as their underlying credit was considered impaired. Securities with an amortized cost of $2,593 and $2,721 were classified as substandard at December 31, 2013, and September 30, 2013, respectively. | |||||||||||||||||||||||||
At September 30, 2014, the projected average life of the securities portfolio was 4.15 years. | |||||||||||||||||||||||||
The amortized cost and estimated fair values of securities available-for-sale at December 31, 2013, were as follows: | |||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Unrealized Loss Positions | |||||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 17,268 | $ | — | $ | (276 | ) | $ | 16,992 | ||||||||||||||||
Obligations of states and political subdivisions | 40,408 | — | (2,180 | ) | 38,228 | ||||||||||||||||||||
Private-label mortgage-backed securities | 2,679 | — | (245 | ) | 2,434 | ||||||||||||||||||||
Mortgage-backed securities | 103,851 | — | (1,928 | ) | 101,923 | ||||||||||||||||||||
SBA variable rate pools | 3,722 | — | (44 | ) | 3,678 | ||||||||||||||||||||
$ | 167,928 | $ | — | $ | (4,673 | ) | $ | 163,255 | |||||||||||||||||
Unrealized Gain Positions | |||||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 13,515 | $ | 340 | $ | — | $ | 13,855 | |||||||||||||||||
Obligations of states and political subdivisions | 39,210 | 1,357 | — | 40,567 | |||||||||||||||||||||
Private-label mortgage-backed securities | 2,790 | 90 | — | 2,880 | |||||||||||||||||||||
Mortgage-backed securities | 119,181 | 2,616 | — | 121,797 | |||||||||||||||||||||
SBA variable rate pools | 5,004 | 28 | — | 5,032 | |||||||||||||||||||||
$ | 179,700 | $ | 4,431 | $ | — | $ | 184,131 | ||||||||||||||||||
$ | 347,628 | $ | 4,431 | $ | (4,673 | ) | $ | 347,386 | |||||||||||||||||
At December 31, 2013, of the 445 investment securities held, there were 187 in unrealized loss positions. The following table presents a summary of securities in a continuous unrealized loss position at December 31, 2013: | |||||||||||||||||||||||||
Securities in | Gross | Securities in | Gross | ||||||||||||||||||||||
Continuous | Unrealized Loss | Continuous | Unrealized Loss | ||||||||||||||||||||||
Unrealized | on Securities | Unrealized | on Securities | ||||||||||||||||||||||
Loss | in Loss | Loss | in Loss | ||||||||||||||||||||||
Position for | Position for | Position for | Position for | ||||||||||||||||||||||
Less Than | Less Than | 12 Months | 12 Months | ||||||||||||||||||||||
12 Months | 12 Months | or Longer | or Longer | ||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 16,992 | $ | 276 | $ | — | $ | — | |||||||||||||||||
Obligations of states and political subdivisions | 36,873 | 2,053 | 1,356 | 127 | |||||||||||||||||||||
Private-label mortgage-backed securities | 1,256 | 44 | 1,178 | 201 | |||||||||||||||||||||
Mortgage-backed securities | 68,647 | 1,309 | 33,275 | 619 | |||||||||||||||||||||
SBA variable rate pools | 3,678 | 44 | — | — | |||||||||||||||||||||
$ | 127,446 | $ | 3,726 | $ | 35,809 | $ | 947 | ||||||||||||||||||
The amortized cost and estimated fair values of securities available-for-sale at September 30, 2013, were as follows: | |||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair | ||||||||||||||||||||||
Gains | Losses | Value | |||||||||||||||||||||||
Unrealized Loss Positions | |||||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 8,109 | $ | — | $ | (119 | ) | $ | 7,990 | ||||||||||||||||
Obligations of states and political subdivisions | 39,036 | — | (2,230 | ) | 36,806 | ||||||||||||||||||||
Private-label mortgage-backed securities | 2,987 | — | (238 | ) | 2,749 | ||||||||||||||||||||
Mortgage-backed securities | 104,093 | — | (1,799 | ) | 102,294 | ||||||||||||||||||||
$ | 154,225 | $ | — | $ | (4,386 | ) | $ | 149,839 | |||||||||||||||||
Unrealized Gain Positions | |||||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 18,523 | $ | 387 | $ | — | $ | 18,910 | |||||||||||||||||
Obligations of states and political subdivisions | 41,056 | 1,503 | — | 42,559 | |||||||||||||||||||||
Private-label mortgage-backed securities | 3,300 | 107 | — | 3,407 | |||||||||||||||||||||
Mortgage-backed securities | 129,817 | 2,974 | — | 132,791 | |||||||||||||||||||||
$ | 192,696 | $ | 4,971 | $ | — | $ | 197,667 | ||||||||||||||||||
$ | 346,921 | $ | 4,971 | $ | (4,386 | ) | $ | 347,506 | |||||||||||||||||
At September 30, 2013, of the 447 investments held, there were 184 investment securities in unrealized loss positions. The following table presents a summary of securities in a continuous unrealized loss position at September 30, 2013: | |||||||||||||||||||||||||
Securities in | Gross | Securities in | Gross | ||||||||||||||||||||||
Continuous | Unrealized Loss | Continuous | Unrealized Loss | ||||||||||||||||||||||
Unrealized | on Securities | Unrealized | on Securities | ||||||||||||||||||||||
Loss | in Loss | Loss | in Loss | ||||||||||||||||||||||
Position for | Position for | Position for | Position for | ||||||||||||||||||||||
Less Than | Less Than | 12 Months | 12 Months | ||||||||||||||||||||||
12 Months | 12 Months | or Longer | or Longer | ||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 7,990 | $ | 119 | $ | — | $ | — | |||||||||||||||||
Obligations of states and political subdivisions | 35,831 | 2,166 | 975 | 64 | |||||||||||||||||||||
Private-label mortgage-backed securities | 1,496 | 39 | 1,253 | 199 | |||||||||||||||||||||
Mortgage-backed securities | 76,814 | 1,254 | 25,480 | 545 | |||||||||||||||||||||
$ | 122,131 | $ | 3,578 | $ | 27,708 | $ | 808 | ||||||||||||||||||
The amortized cost and estimated fair value of securities at September 30, 2014, December 31, 2013, and September 30, 2013, by maturity are shown below. Obligations of U.S. government agencies and states and political subdivisions are shown by contractual maturity. Mortgage-backed securities and SBA variable pools are shown by projected average life. | |||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | September 30, 2013 | |||||||||||||||||||||||
Estimated | Estimated | Estimated | |||||||||||||||||||||||
Amortized | Fair | Amortized | Fair | Amortized | Fair | ||||||||||||||||||||
Cost | Value | Cost | Value | Cost | Value | ||||||||||||||||||||
Due in one year or less | $ | 12,824 | $ | 13,060 | $ | 18,707 | $ | 18,870 | $ | 17,285 | $ | 17,388 | |||||||||||||
Due after one year through 5 years | 214,577 | 217,088 | 217,713 | 219,375 | 179,366 | 181,527 | |||||||||||||||||||
Due after 5 years through 10 years | 76,484 | 78,143 | 66,103 | 65,432 | 140,288 | 139,523 | |||||||||||||||||||
Due after 10 years | 38,753 | 39,761 | 45,105 | 43,709 | 9,982 | 9,068 | |||||||||||||||||||
$ | 342,638 | $ | 348,052 | $ | 347,628 | $ | 347,386 | $ | 346,921 | $ | 347,506 | ||||||||||||||
No securities were sold during the third quarter 2014. However, a gain of $3 was recorded as a result of an adjustment in proceeds on a security sold during the prior quarter. | |||||||||||||||||||||||||
At September 30, 2014, securities with an aggregate amortized cost of $22,859 (estimated aggregate market value of $23,278) were pledged to secure certain public deposits as required by law. At September 30, 2014, securities with an aggregate amortized cost of $3,975 (estimated aggregate market value of $4,031) were pledged for repurchase accounts. At September 30, 2014, there was a balance of $1,067 for repurchase agreements. |
Loans_Allowance_for_Loan_Losse
Loans, Allowance for Loan Losses, and Credit Quality Indicators | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Loans, Allowance for Loan Losses, and Credit Quality Indicators | ' | ||||||||||||||||||||||||||||
NOTE 3 – LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY INDICATORS | |||||||||||||||||||||||||||||
Loans are stated at the amount of unpaid principal net of loan premiums or discounts for purchased loans, net deferred loan origination fees, discounts associated with retained portions of loans sold, and an allowance for loan losses. Interest on loans is calculated using the simple-interest method on daily balances of the principal amount outstanding. Loan origination fees, net of origination costs and discounts, are amortized over the lives of the loans as adjustments to yield. | |||||||||||||||||||||||||||||
Major classifications of period-end loans are as follows: | |||||||||||||||||||||||||||||
September 30, | % of Gross | December 31, | % of Gross | September 30, | % of Gross | ||||||||||||||||||||||||
2014 | Loans | 2013 | Loans | 2013 | Loans | ||||||||||||||||||||||||
Real estate loans | |||||||||||||||||||||||||||||
Multi-family residential | $ | 50,563 | 4.88 | % | $ | 46,217 | 4.65 | % | $ | 47,795 | 4.88 | % | |||||||||||||||||
Residential 1-4 family | 44,610 | 4.31 | % | 46,438 | 4.67 | % | 49,206 | 5.03 | % | ||||||||||||||||||||
Owner-occupied commercial | 249,657 | 24.1 | % | 249,311 | 25.06 | % | 244,828 | 25.02 | % | ||||||||||||||||||||
Nonowner-occupied commercial | 180,648 | 17.44 | % | 158,786 | 15.96 | % | 164,708 | 16.83 | % | ||||||||||||||||||||
Total permanent real estate loans | 525,478 | 50.73 | % | 500,752 | 50.34 | % | 506,537 | 51.76 | % | ||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
Multi-family residential | 19,178 | 1.85 | % | 23,419 | 2.35 | % | 22,929 | 2.34 | % | ||||||||||||||||||||
Residential 1-4 family | 35,421 | 3.42 | % | 26,512 | 2.67 | % | 29,880 | 3.05 | % | ||||||||||||||||||||
Commercial real estate | 32,946 | 3.18 | % | 30,516 | 3.07 | % | 24,106 | 2.46 | % | ||||||||||||||||||||
Commercial bare land and acquisition & development | 12,264 | 1.18 | % | 11,473 | 1.15 | % | 11,191 | 1.14 | % | ||||||||||||||||||||
Residential bare land and acquisition & development | 6,736 | 0.65 | % | 6,990 | 0.7 | % | 7,053 | 0.72 | % | ||||||||||||||||||||
Total construction real estate loans | 106,545 | 10.28 | % | 98,910 | 9.94 | % | 95,159 | 9.71 | % | ||||||||||||||||||||
Total real estate loans | 632,023 | 61.01 | % | 599,662 | 60.28 | % | 601,696 | 61.47 | % | ||||||||||||||||||||
Commercial loans | 398,702 | 38.49 | % | 390,301 | 39.24 | % | 372,129 | 38.02 | % | ||||||||||||||||||||
Consumer loans | 3,348 | 0.32 | % | 3,878 | 0.39 | % | 3,660 | 0.38 | % | ||||||||||||||||||||
Other loans | 1,802 | 0.18 | % | 928 | 0.09 | % | 1,188 | 0.13 | % | ||||||||||||||||||||
Gross loans | 1,035,875 | 100 | % | 994,769 | 100 | % | 978,673 | 100 | % | ||||||||||||||||||||
Deferred loan origination fees | (1,026 | ) | (924 | ) | (955 | ) | |||||||||||||||||||||||
1,034,849 | 993,845 | 977,718 | |||||||||||||||||||||||||||
Allowance for loan losses | (15,722 | ) | (15,917 | ) | (16,802 | ) | |||||||||||||||||||||||
Total loans, net of allowance for loan losses and net deferred fees | $ | 1,019,127 | $ | 977,928 | $ | 960,916 | |||||||||||||||||||||||
At September 30, 2014, outstanding loans to dental professionals totaled $307,088 and represented 29.65% of total outstanding loans, compared to dental professional loans of $307,268 or 30.89% of total outstanding loans at December 31, 2013, and $303,911 or 31.05% of total outstanding loans at September 30, 2013. See Note 4 for additional information on the dental loan portfolio. There are no other industry concentrations in excess of 10% of the total loan portfolio. However, as of September 30, 2014, 61.01% of the Company’s loan portfolio was collateralized by real estate and is, therefore, susceptible to changes in real estate market conditions. | |||||||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||
A summary of activity in the allowance for loan losses for the three and nine months ended September 30, 2014, and 2013 is as follows: | |||||||||||||||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Balance, beginning of period | $ | 15,675 | $ | 16,303 | $ | 15,917 | $ | 16,346 | |||||||||||||||||||||
Provision charged to income | — | — | — | 250 | |||||||||||||||||||||||||
Loans charged against allowance | (23 | ) | (221 | ) | (654 | ) | (1,049 | ) | |||||||||||||||||||||
Recoveries credited to allowance | 70 | 720 | 459 | 1,255 | |||||||||||||||||||||||||
Balance, end of period | $ | 15,722 | $ | 16,802 | $ | 15,722 | $ | 16,802 | |||||||||||||||||||||
The allowance for loan losses is established as an amount that management considers adequate to absorb possible losses on existing loans within the portfolio. The allowance consists of general, specific, and unallocated components. The general component is based upon all loans collectively evaluated for impairment. The specific component is based upon all loans individually evaluated for impairment. The unallocated component represents credit losses inherent in the loan portfolio that may not have been contemplated in the general risk factors or the specific allowance analysis. Loans are charged against the allowance when management believes the collection of principal or interest is unlikely. | |||||||||||||||||||||||||||||
The Company performs regular credit reviews of the loan portfolio to determine the credit quality and adherence to underwriting standards. When loans are originated, they are assigned a risk rating that is reassessed periodically during the term of the loan through the credit review process and on an ongoing basis by management. The Company’s internal risk rating methodology assigns risk ratings ranging from one to ten, where a higher rating represents higher risk. The ten-point risk rating categories are a primary factor in determining an appropriate amount for the allowance for loan losses. | |||||||||||||||||||||||||||||
Estimated credit losses reflect consideration of all significant factors that affect the collectability of the loan portfolio. The historical loss rate for each group of loans with similar risk characteristics is determined based on the Company’s own loss experience in that group. Historical loss experience and recent trends in losses provide a reasonable starting point for analysis, however they do not by themselves form a sufficient basis to determine the appropriate level for the allowance for loan losses. Qualitative or environmental factors that are likely to cause estimated credit losses to differ from historical losses are also considered, including but not limited to: | |||||||||||||||||||||||||||||
• | Changes in international, regional, and local economic and business conditions and developments that affect the collectability of the portfolio, including the condition of various market segments, | ||||||||||||||||||||||||||||
• | Changes in the nature and volume of the portfolio and in the terms of loans, | ||||||||||||||||||||||||||||
• | Changes in the experience, ability, and depth of lending management and other relevant staff, | ||||||||||||||||||||||||||||
• | Changes in the volume and severity of past due loans, the volume of nonaccrual loans, and the volume and severity of adversely classified or graded loans, | ||||||||||||||||||||||||||||
• | Changes in the quality of the institution’s loan review system, | ||||||||||||||||||||||||||||
• | Changes in the value of underlying collateral for collateral-dependent loans, | ||||||||||||||||||||||||||||
• | The existence and effect of any concentrations of credit, and changes in the level of such concentrations, | ||||||||||||||||||||||||||||
• | The effect of other external factors such as competition and legal and regulatory requirements on the level of estimated credit losses in the institution’s existing portfolio, | ||||||||||||||||||||||||||||
• | Changes in lending policies and procedures, including changes in underwriting standards and collection, charge-off, and recovery practices not considered elsewhere in estimating credit losses, and | ||||||||||||||||||||||||||||
• | Changes in the current and future US political environment, including debt ceiling negotiations, government shutdown and healthcare reform, that may affect national, regional and local economic conditions, taxation, or disruption of national or global financial markets. | ||||||||||||||||||||||||||||
The adequacy of the allowance for loan losses and the reserve for unfunded commitments is determined using a systematic methodology and is monitored regularly based on management’s evaluation of numerous factors. For each portfolio segment, these factors include: | |||||||||||||||||||||||||||||
• | The quality of the current loan portfolio, | ||||||||||||||||||||||||||||
• | The trend in the migration of the loan portfolio’s risk ratings, | ||||||||||||||||||||||||||||
• | The velocity of migration of losses and potential losses, | ||||||||||||||||||||||||||||
• | Current economic conditions, | ||||||||||||||||||||||||||||
• | Loan concentrations, | ||||||||||||||||||||||||||||
• | Loan growth rates, | ||||||||||||||||||||||||||||
• | Past-due and nonperforming trends, | ||||||||||||||||||||||||||||
• | Evaluation of specific loss estimates for all significant problem loans, | ||||||||||||||||||||||||||||
• | Recovery experience, and | ||||||||||||||||||||||||||||
• | Peer comparison loss rates. | ||||||||||||||||||||||||||||
A summary of the activity in the allowance for loan losses by major loan classification follows: | |||||||||||||||||||||||||||||
For the three months ended September 30, 2014 | |||||||||||||||||||||||||||||
Commercial | Real Estate | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||||
and Other | |||||||||||||||||||||||||||||
Beginning balance | $ | 5,596 | $ | 7,429 | $ | 1,340 | $ | 59 | $ | 1,251 | $ | 15,675 | |||||||||||||||||
Charge-offs | — | (19 | ) | — | (4 | ) | — | (23 | ) | ||||||||||||||||||||
Recoveries | 67 | — | 3 | — | — | 70 | |||||||||||||||||||||||
Provision (reclassification) | (159 | ) | (151 | ) | 82 | (8 | ) | 236 | — | ||||||||||||||||||||
Ending balance | $ | 5,504 | $ | 7,259 | $ | 1,425 | $ | 47 | $ | 1,487 | $ | 15,722 | |||||||||||||||||
For the nine months ended September 30, 2014 | |||||||||||||||||||||||||||||
Commercial | Real Estate | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||||
and Other | |||||||||||||||||||||||||||||
Beginning balance | $ | 5,113 | $ | 7,668 | $ | 1,493 | $ | 68 | $ | 1,575 | $ | 15,917 | |||||||||||||||||
Charge-offs | (442 | ) | (49 | ) | (155 | ) | (8 | ) | — | (654 | ) | ||||||||||||||||||
Recoveries | 282 | 162 | 11 | 4 | — | 459 | |||||||||||||||||||||||
Provision (reclassification) | 551 | (522 | ) | 76 | (17 | ) | (88 | ) | — | ||||||||||||||||||||
Ending balance | $ | 5,504 | $ | 7,259 | $ | 1,425 | $ | 47 | $ | 1,487 | $ | 15,722 | |||||||||||||||||
At September 30, 2014, the allowance for loan losses on dental loans was $4,084 compared to $3,730 at December 31, 2013 and $2,688 at September 30, 2013. See Note 4 for additional information on the dental loan portfolio. | |||||||||||||||||||||||||||||
Balances as of September 30, 2014 | |||||||||||||||||||||||||||||
Commercial | Real Estate | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||||
and Other | |||||||||||||||||||||||||||||
Ending allowance: collectively evaluated for impairment | $ | 5,490 | $ | 7,255 | $ | 1,302 | $ | 47 | $ | 1,487 | $ | 15,581 | |||||||||||||||||
Ending allowance: individually evaluated for impairment | 14 | 4 | 123 | — | — | 141 | |||||||||||||||||||||||
Total ending allowance | $ | 5,504 | $ | 7,259 | $ | 1,425 | $ | 47 | $ | 1,487 | $ | 15,722 | |||||||||||||||||
Ending loan balance: collectively evaluated for impairment | $ | 397,609 | $ | 519,768 | $ | 106,184 | $ | 3,348 | $ | — | $ | 1,026,909 | |||||||||||||||||
Ending loan balance: individually evaluated for impairment | 2,895 | 5,710 | 361 | — | — | 8,966 | |||||||||||||||||||||||
Total ending loan balance | $ | 400,504 | $ | 525,478 | $ | 106,545 | $ | 3,348 | $ | — | $ | 1,035,875 | |||||||||||||||||
Balances as of December 31, 2013 | |||||||||||||||||||||||||||||
Commercial | Real Estate | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||||
and Other | |||||||||||||||||||||||||||||
Ending allowance: collectively evaluated for impairment | $ | 5,095 | $ | 7,667 | $ | 1,455 | $ | 68 | $ | 1,575 | $ | 15,860 | |||||||||||||||||
Ending allowance: individually evaluated for impairment | 18 | 1 | 38 | — | — | 57 | |||||||||||||||||||||||
Total ending allowance | $ | 5,113 | $ | 7,668 | $ | 1,493 | $ | 68 | $ | 1,575 | $ | 15,917 | |||||||||||||||||
Ending loan balance: collectively evaluated for impairment | $ | 386,332 | $ | 495,924 | $ | 98,627 | $ | 3,878 | $ | — | $ | 984,761 | |||||||||||||||||
Ending loan balance: individually evaluated for impairment | 4,897 | 4,828 | 283 | — | — | 10,008 | |||||||||||||||||||||||
Total ending loan balance | $ | 391,229 | $ | 500,752 | $ | 98,910 | $ | 3,878 | $ | — | $ | 994,769 | |||||||||||||||||
Balances as of September 30, 2013 | |||||||||||||||||||||||||||||
Commercial | Real Estate | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||||
and Other | |||||||||||||||||||||||||||||
Ending allowance: collectively evaluated for impairment | $ | 5,490 | $ | 8,043 | $ | 1,635 | $ | 70 | $ | 1,541 | $ | 16,779 | |||||||||||||||||
Ending allowance: individually evaluated for impairment | 21 | 2 | — | — | — | 23 | |||||||||||||||||||||||
Total ending allowance | $ | 5,511 | $ | 8,045 | $ | 1,635 | $ | 70 | $ | 1,541 | $ | 16,802 | |||||||||||||||||
Ending loan balance: collectively evaluated for impairment | $ | 368,944 | $ | 500,493 | $ | 94,876 | $ | 3,660 | $ | — | $ | 967,973 | |||||||||||||||||
Ending loan balance: individually evaluated for impairment | 4,373 | 6,044 | 283 | — | — | 10,700 | |||||||||||||||||||||||
Total ending loan balance | $ | 373,317 | $ | 506,537 | $ | 95,159 | $ | 3,660 | $ | — | $ | 978,673 | |||||||||||||||||
Management believes that the allowance for loan losses was adequate as of September 30, 2014. However, future loan losses may exceed the levels provided for in the allowance for loan losses and could possibly result in additional charges to the provision for loan losses. | |||||||||||||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||
The Company uses the following loan grades, which are also often used by regulators when assessing the credit quality of a loan portfolio. | |||||||||||||||||||||||||||||
Pass – Credit exposure in this category ranges between the highest credit quality to average credit quality. Primary repayment sources generate satisfactory debt service coverage under normal conditions. Cash flow from recurring sources is expected to continue to produce adequate debt service capacity. There are many levels of credit quality contained in the Pass definition, but none of the loans contained in this category rise to the level of Special Mention. This category includes loans with an internal risk rating of 1-6. | |||||||||||||||||||||||||||||
Special Mention – A Special Mention asset has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the institution’s credit position at some future date. Special Mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. The Bank strictly and carefully employs the FDIC definition in assessing assets that may apply to this category. It is apparent that in many cases asset weaknesses relevant to this definition either (1) better fit a definition of a “well-defined weakness,” or (2) in management’s experience ultimately migrate to worse risk grade categories, such as Substandard and Doubtful. Consequently, management elects to downgrade most potential Special Mention credits to Substandard or Doubtful, and therefore adopts a conservative risk grade process in the use of the Special Mention risk grade. This category includes loans with an internal risk rating of 7. | |||||||||||||||||||||||||||||
Substandard – A Substandard asset is inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. Loans in this category are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Loss potential, while existing in the aggregate amount of substandard assets, does not have to exist in individual assets classified Substandard. This category includes loans with an internal risk rating of 8. | |||||||||||||||||||||||||||||
Doubtful – An asset classified as Doubtful has all the weaknesses inherent in one classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values, highly questionable and improbable. This category includes loans with an internal risk rating of 9. | |||||||||||||||||||||||||||||
Management strives to consistently apply these definitions when allocating its loans by loan grade. The loan portfolio is continuously monitored for changes in credit quality and management takes appropriate action to update the loan risk ratings accordingly. Management has not changed the Company’s policy towards its use of credit quality indicators during the periods reported. | |||||||||||||||||||||||||||||
The following tables present the Company’s loan portfolio information by loan type and credit grade at September 30, 2014, December 31, 2013, and September 30, 2013: | |||||||||||||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||
Loan Grade | |||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Totals | |||||||||||||||||||||||||
Real estate loans | |||||||||||||||||||||||||||||
Multi-family residential | $ | 49,044 | $ | — | $ | 1,519 | $ | — | $ | 50,563 | |||||||||||||||||||
Residential 1-4 family | 36,819 | — | 7,791 | — | 44,610 | ||||||||||||||||||||||||
Owner-occupied commercial | 239,662 | 4,210 | 5,785 | — | 249,657 | ||||||||||||||||||||||||
Nonowner-occupied commercial | 176,696 | — | 3,952 | — | 180,648 | ||||||||||||||||||||||||
Total real estate loans | 502,221 | 4,210 | 19,047 | — | 525,478 | ||||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | 19,178 | — | — | — | 19,178 | ||||||||||||||||||||||||
Residential 1-4 family | 35,421 | — | — | — | 35,421 | ||||||||||||||||||||||||
Commercial real estate | 32,946 | — | — | — | 32,946 | ||||||||||||||||||||||||
Commercial bare land and acquisition & development | 12,028 | — | 236 | — | 12,264 | ||||||||||||||||||||||||
Residential bare land and acquisition & development | 5,993 | — | 743 | — | 6,736 | ||||||||||||||||||||||||
Total construction loans | 105,566 | — | 979 | — | 106,545 | ||||||||||||||||||||||||
Commercial and other | 388,470 | — | 12,034 | — | 400,504 | ||||||||||||||||||||||||
Consumer | 3,338 | — | 10 | — | 3,348 | ||||||||||||||||||||||||
Totals | $ | 999,595 | $ | 4,210 | $ | 32,070 | $ | — | $ | 1,035,875 | |||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
Loan Grade | |||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Totals | |||||||||||||||||||||||||
Real estate loans | |||||||||||||||||||||||||||||
Multi-family residential | $ | 44,677 | $ | — | $ | 1,540 | $ | — | $ | 46,217 | |||||||||||||||||||
Residential 1-4 family | 37,831 | — | 8,607 | — | 46,438 | ||||||||||||||||||||||||
Owner-occupied commercial | 239,539 | 4,278 | 5,494 | — | 249,311 | ||||||||||||||||||||||||
Nonowner-occupied commercial | 153,055 | — | 5,731 | — | 158,786 | ||||||||||||||||||||||||
Total real estate loans | 475,102 | 4,278 | 21,372 | — | 500,752 | ||||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | 23,419 | — | — | — | 23,419 | ||||||||||||||||||||||||
Residential 1-4 family | 26,145 | — | 367 | — | 26,512 | ||||||||||||||||||||||||
Commercial real estate | 28,978 | — | 1,538 | — | 30,516 | ||||||||||||||||||||||||
Commercial bare land and acquisition & development | 11,223 | — | 250 | — | 11,473 | ||||||||||||||||||||||||
Residential bare land and acquisition & development | 4,346 | — | 2,644 | — | 6,990 | ||||||||||||||||||||||||
Total construction loans | 94,111 | — | 4,799 | — | 98,910 | ||||||||||||||||||||||||
Commercial and other | 378,828 | — | 12,401 | — | 391,229 | ||||||||||||||||||||||||
Consumer | 3,856 | — | 22 | — | 3,878 | ||||||||||||||||||||||||
Totals | $ | 951,897 | $ | 4,278 | $ | 38,594 | $ | — | $ | 994,769 | |||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||
Loan Grade | |||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Totals | |||||||||||||||||||||||||
Real estate loans | |||||||||||||||||||||||||||||
Multi-family residential | $ | 46,487 | $ | — | $ | 1,308 | $ | — | $ | 47,795 | |||||||||||||||||||
Residential 1-4 family | 40,181 | — | 9,025 | — | 49,206 | ||||||||||||||||||||||||
Owner-occupied commercial | 234,794 | 4,297 | 5,737 | — | 244,828 | ||||||||||||||||||||||||
Nonowner-occupied commercial | 158,944 | — | 5,764 | — | 164,708 | ||||||||||||||||||||||||
Total real estate loans | 480,406 | 4,297 | 21,834 | — | 506,537 | ||||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | 22,929 | — | — | — | 22,929 | ||||||||||||||||||||||||
Residential 1-4 family | 29,683 | — | 197 | — | 29,880 | ||||||||||||||||||||||||
Commercial real estate | 22,548 | — | 1,558 | — | 24,106 | ||||||||||||||||||||||||
Commercial bare land and acquisition & development | 10,980 | — | 211 | — | 11,191 | ||||||||||||||||||||||||
Residential bare land and acquisition & development | 4,475 | — | 2,578 | — | 7,053 | ||||||||||||||||||||||||
Total construction loans | 90,615 | — | 4,544 | — | 95,159 | ||||||||||||||||||||||||
Commercial and other | 360,749 | — | 12,551 | 17 | 373,317 | ||||||||||||||||||||||||
Consumer | 3,630 | — | 30 | — | 3,660 | ||||||||||||||||||||||||
Totals | $ | 935,400 | $ | 4,297 | $ | 38,959 | $ | 17 | $ | 978,673 | |||||||||||||||||||
At September 30, 2014, December 31, 2013, and September 30, 2013, the Company had $534, $532 and $668, respectively, in unfunded commitments on its classified loans, which is included in the calculation of our classified asset ratio. | |||||||||||||||||||||||||||||
Past Due and Nonaccrual Loans | |||||||||||||||||||||||||||||
The Company uses the terms “past due” and “delinquent” interchangeably. Amortizing loans are considered past due or delinquent based upon the number of contractually required payments not made. Delinquency status for all contractually matured loans, commercial and commercial real estate loans with non-monthly amortization, and all other extensions of credit is determined based upon the number of calendar months past due. | |||||||||||||||||||||||||||||
The following tables present an aging analysis of past due and nonaccrual loans at September 30, 2014, December 31, 2013, and September 30, 2013: | |||||||||||||||||||||||||||||
Age Analysis of Loans Receivable | |||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||
Greater | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Than 90 days | Total Past | ||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Due and | Total | Total Loans | ||||||||||||||||||||||||
Still Accruing | Still Accruing | Still Accruing | Nonaccrual | Nonaccrual | Current | Receivable | |||||||||||||||||||||||
Real estate loans | |||||||||||||||||||||||||||||
Multi-family residential | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 50,563 | $ | 50,563 | |||||||||||||||
Residential 1-4 family | 187 | — | — | 459 | 646 | 43,964 | 44,610 | ||||||||||||||||||||||
Owner-occupied commercial | 184 | — | — | 787 | 971 | 248,686 | 249,657 | ||||||||||||||||||||||
Nonowner-occupied commercial | — | — | — | 1,245 | 1,245 | 179,403 | 180,648 | ||||||||||||||||||||||
Total real estate loans | 371 | — | — | 2,491 | 2,862 | 522,616 | 525,478 | ||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | 19,178 | 19,178 | ||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | — | 35,421 | 35,421 | ||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | 32,946 | 32,946 | ||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | — | 12,264 | 12,264 | ||||||||||||||||||||||
Residential bare land and acquisition & development | — | — | — | — | — | 6,736 | 6,736 | ||||||||||||||||||||||
Total construction loans | — | — | — | — | — | 106,545 | 106,545 | ||||||||||||||||||||||
Commercial and other | 1,269 | — | — | 762 | 2,031 | 398,473 | 400,504 | ||||||||||||||||||||||
Consumer | 12 | — | — | — | 12 | 3,336 | 3,348 | ||||||||||||||||||||||
Total | $ | 1,652 | $ | — | $ | — | $ | 3,253 | $ | 4,905 | $ | 1,030,970 | $ | 1,035,875 | |||||||||||||||
Age Analysis of Loans Receivable | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
Greater | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Than 90 days | Total Past | ||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Due and | Total | Total Loans | ||||||||||||||||||||||||
Still Accruing | Still Accruing | Still Accruing | Nonaccrual | Nonaccrual | Current | Receivable | |||||||||||||||||||||||
Real estate loans | |||||||||||||||||||||||||||||
Multi-family residential | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 46,217 | $ | 46,217 | |||||||||||||||
Residential 1-4 family | 137 | — | — | 636 | 773 | 45,665 | 46,438 | ||||||||||||||||||||||
Owner-occupied commercial | 488 | — | — | 1,685 | 2,173 | 247,138 | 249,311 | ||||||||||||||||||||||
Nonowner-occupied commercial | 1,188 | — | — | 136 | 1,324 | 157,462 | 158,786 | ||||||||||||||||||||||
Total real estate loans | 1,813 | — | — | 2,457 | 4,270 | 496,482 | 500,752 | ||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | 23,419 | 23,419 | ||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | — | 26,512 | 26,512 | ||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | 30,516 | 30,516 | ||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | — | 11,473 | 11,473 | ||||||||||||||||||||||
Residential bare land and acquisition & development | — | — | — | — | — | 6,990 | 6,990 | ||||||||||||||||||||||
Total construction loans | — | — | — | — | — | 98,910 | 98,910 | ||||||||||||||||||||||
Commercial and other | 436 | — | — | 2,886 | 3,322 | 387,907 | 391,229 | ||||||||||||||||||||||
Consumer | 5 | 1 | — | — | 6 | 3,872 | 3,878 | ||||||||||||||||||||||
Total | $ | 2,254 | $ | 1 | $ | — | $ | 5,343 | $ | 7,598 | $ | 987,171 | $ | 994,769 | |||||||||||||||
Age Analysis of Loans Receivable | |||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||
Greater | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Than 90 days | Total Past | ||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Due and | Total | Total Loans | ||||||||||||||||||||||||
Still Accruing | Still Accruing | Still Accruing | Nonaccrual | Nonaccrual | Current | Receivable | |||||||||||||||||||||||
Real estate loans | |||||||||||||||||||||||||||||
Multi-family residential | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 47,795 | $ | 47,795 | |||||||||||||||
Residential 1-4 family | — | — | — | 1,206 | 1,206 | 48,000 | 49,206 | ||||||||||||||||||||||
Owner-occupied commercial | 166 | 166 | — | 2,235 | 2,567 | 242,261 | 244,828 | ||||||||||||||||||||||
Nonowner-occupied commercial | 1,096 | 559 | — | 139 | 1,794 | 162,914 | 164,708 | ||||||||||||||||||||||
Total real estate loans | 1,262 | 725 | — | 3,580 | 5,567 | 500,970 | 506,537 | ||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | 22,929 | 22,929 | ||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | — | 29,880 | 29,880 | ||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | 24,106 | 24,106 | ||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | — | 11,191 | 11,191 | ||||||||||||||||||||||
Residential bare land and acquisition & development | — | — | — | — | — | 7,053 | 7,053 | ||||||||||||||||||||||
Total construction loans | — | — | — | — | — | 95,159 | 95,159 | ||||||||||||||||||||||
Commercial and other | 1,292 | 325 | — | 2,361 | 3,978 | 369,339 | 373,317 | ||||||||||||||||||||||
Consumer | 5 | — | — | — | 5 | 3,655 | 3,660 | ||||||||||||||||||||||
Total | $ | 2,559 | $ | 1,050 | $ | — | $ | 5,941 | $ | 9,550 | $ | 969,123 | $ | 978,673 | |||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
Regular credit reviews of the portfolio are performed to identify loans that are considered potentially impaired. A loan is considered impaired when, based on current information and events, the Company is unlikely to collect all principal and interest due according to the terms of the loan agreement. When the amount of the impairment represents a confirmed loss, it is charged off against the allowance for loan losses. Impaired loans are often reported net of government guarantees to the extent that the guarantees are expected to be collected. Impaired loans generally include all loans classified as nonaccrual and troubled debt restructurings. Impaired loans are included in the specific calculation of allowance for loan losses. | |||||||||||||||||||||||||||||
Accrual of interest is discontinued on impaired loans when management believes that, after considering economic and business conditions and collection efforts, the borrower’s financial condition is such that collection of principal or interest is doubtful. Accrued but uncollected interest is generally reversed when loans are placed on nonaccrual status. Interest income is subsequently recognized only to the extent cash payments are received satisfying all delinquent principal and interest amounts, and the prospects for future payments in accordance with the loan agreement appear relatively certain. In accordance with GAAP, payments received on nonaccrual loans are applied to the principal balance and no interest income is recognized. Interest income may be recognized on impaired loans that are not on nonaccrual status. | |||||||||||||||||||||||||||||
The following tables display an analysis of the Company’s impaired loans at September 30, 2014, December 31, 2013, and September 30, 2013: | |||||||||||||||||||||||||||||
Impaired Loan Analysis | |||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Investment | Investment | Related | |||||||||||||||||||||||||||
With No Specific | With Specific | Unpaid | Average | Specific | |||||||||||||||||||||||||
Allowance | Allowance | Recorded | Principal | Recorded | Allowance | ||||||||||||||||||||||||
Valuation | Valuation | Investment | Balance | Investment | Valuation | ||||||||||||||||||||||||
Real estate | |||||||||||||||||||||||||||||
Multi-family residential | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Residential 1-4 family | 709 | 315 | 1,024 | 1,350 | 1,183 | 4 | |||||||||||||||||||||||
Owner-occupied commercial | 1,843 | — | 1,843 | 2,076 | 2,636 | — | |||||||||||||||||||||||
Nonowner-occupied commercial | 2,843 | — | 2,843 | 2,862 | 1,685 | — | |||||||||||||||||||||||
Total real estate loans | 5,395 | 315 | 5,710 | 6,288 | 5,504 | 4 | |||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | — | |||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | — | — | |||||||||||||||||||||||
Residential bare land and acquisition & development | — | 361 | 361 | 361 | 370 | 123 | |||||||||||||||||||||||
Total construction loans | — | 361 | 361 | 361 | 370 | 123 | |||||||||||||||||||||||
Commercial and other | 2,377 | 518 | 2,895 | 3,200 | 4,405 | 14 | |||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||
Total impaired loans | $ | 7,772 | $ | 1,194 | $ | 8,966 | $ | 9,849 | $ | 10,279 | $ | 141 | |||||||||||||||||
Impaired Loan Analysis | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Investment | Investment | Related | |||||||||||||||||||||||||||
With No Specific | With Specific | Unpaid | Average | Specific | |||||||||||||||||||||||||
Allowance | Allowance | Recorded | Principal | Recorded | Allowance | ||||||||||||||||||||||||
Valuation | Valuation | Investment | Balance | Investment | Valuation | ||||||||||||||||||||||||
Real estate | |||||||||||||||||||||||||||||
Multi-family residential | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Residential 1-4 family | 912 | 317 | 1,229 | 1,633 | 2,229 | 1 | |||||||||||||||||||||||
Owner-occupied commercial | 2,767 | — | 2,767 | 3,000 | 3,359 | — | |||||||||||||||||||||||
Nonowner-occupied commercial | 832 | — | 832 | 835 | 799 | — | |||||||||||||||||||||||
Total real estate loans | 4,511 | 317 | 4,828 | 5,468 | 6,387 | 1 | |||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | — | |||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | 133 | — | |||||||||||||||||||||||
Residential bare land and acquisition & development | — | 283 | 283 | 373 | 413 | 38 | |||||||||||||||||||||||
Total construction loans | — | 283 | 283 | 373 | 546 | 38 | |||||||||||||||||||||||
Commercial and other | 4,368 | 529 | 4,897 | 10,627 | 4,100 | 18 | |||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||
Total impaired loans | $ | 8,879 | $ | 1,129 | $ | 10,008 | $ | 16,468 | $ | 11,033 | $ | 57 | |||||||||||||||||
Impaired Loan Analysis | |||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||
Recorded | Recorded | Recorded | Unpaid | Average | Related | ||||||||||||||||||||||||
Investment | Investment | Investment | Principal | Recorded | Specific | ||||||||||||||||||||||||
With No Specific | With Specific | Balance | Investment | Allowance | |||||||||||||||||||||||||
Allowance | Allowance | Valuation | |||||||||||||||||||||||||||
Valuation | Valuation | ||||||||||||||||||||||||||||
Real estate | |||||||||||||||||||||||||||||
Multi-family residential | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Residential 1-4 family | 1,489 | 318 | 1,807 | 2,158 | 2,491 | 2 | |||||||||||||||||||||||
Owner-occupied commercial | 3,329 | — | 3,329 | 3,800 | 3,551 | — | |||||||||||||||||||||||
Nonowner-occupied commercial | 908 | — | 908 | 908 | 786 | — | |||||||||||||||||||||||
Total real estate loans | 5,726 | 318 | 6,044 | 6,866 | 6,828 | 2 | |||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | — | |||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | 178 | — | |||||||||||||||||||||||
Residential bare land and acquisition & development | 283 | — | 283 | 283 | 457 | — | |||||||||||||||||||||||
Total construction loans | 283 | — | 283 | 283 | 635 | — | |||||||||||||||||||||||
Commercial and other | 3,839 | 534 | 4,373 | 9,475 | 3,616 | 21 | |||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||
Total impaired loans | $ | 9,848 | $ | 852 | $ | 10,700 | $ | 16,624 | $ | 11,079 | $ | 23 | |||||||||||||||||
The impaired balances reported above are not adjusted for government guarantees of $1,129, $1,532, and $1,354 at September 30, 2014, December 31, 2013, and September 30, 2013, respectively. The recorded investment in impaired loans, net of government guarantees, totaled $7,837, $8,476 and $9,346 at September 30, 2014, December 31, 2013, and September 30, 2013, respectively. | |||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
In the normal course of business, the Company may modify the terms of certain loans, attempting to protect as much of its investment as possible. Management evaluates the circumstances surrounding each modification to determine whether it is a troubled debt restructuring (“TDR”). TDRs exist when 1) the restructuring constitutes a concession, and 2) the debtor is experiencing financial difficulties. | |||||||||||||||||||||||||||||
The following table displays the Company’s TDRs by class at September 30, 2014, December 31, 2013, and September 30, 2013: | |||||||||||||||||||||||||||||
Troubled Debt Restructurings as of | |||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | September 30, 2013 | |||||||||||||||||||||||||||
Number of | Post-Modification | Number of | Post-Modification | Number of | Post-Modification | ||||||||||||||||||||||||
Contracts | Outstanding Recorded | Contracts | Outstanding Recorded | Contracts | Outstanding Recorded | ||||||||||||||||||||||||
Investment | Investment | Investment | |||||||||||||||||||||||||||
Real estate | |||||||||||||||||||||||||||||
Multifamily residential | — | $ | — | — | $ | — | — | $ | — | ||||||||||||||||||||
Residential 1-4 family | 7 | 781 | 7 | 819 | 8 | 1,108 | |||||||||||||||||||||||
Owner-occupied commercial | 4 | 1,244 | 5 | 1,949 | 5 | 1,973 | |||||||||||||||||||||||
Non owner-occupied commercial | 6 | 2,843 | 2 | 714 | 2 | 698 | |||||||||||||||||||||||
Total real estate loans | 17 | 4,868 | 14 | 3,482 | 15 | 3,779 | |||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multifamily residential | — | — | — | — | — | — | |||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | — | — | |||||||||||||||||||||||
Residential bare land and acquisition & development | — | — | — | — | — | — | |||||||||||||||||||||||
Total construction loans | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial and other | 11 | 2,527 | 10 | 2,379 | 11 | 2,406 | |||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 28 | $ | 7,395 | 24 | $ | 5,861 | 26 | $ | 6,185 | ||||||||||||||||||||
The recorded investment in TDRs on nonaccrual status totaled $2,044, $1,597, and $1,911 at September 30, 2014, December 31, 2013, and September 30, 2013, respectively. The Company’s policy is that loans placed on nonaccrual will typically remain on nonaccrual status until all principal and interest payments are brought current and the prospect for future payment in accordance with the loan agreement appears relatively certain. The Company’s policy generally refers to six months of payment performance as sufficient to warrant a return to accrual status. | |||||||||||||||||||||||||||||
For the nine months ended September 30, 2014, the Company identified seven TDRs that were newly considered impaired for which impairment was previously measured under the Company’s general loan loss allowance methodology. At September 30, 2014, the total recorded investment in such receivables was $2,992 with no associated allowance. | |||||||||||||||||||||||||||||
The types of modifications offered can generally be described in the following categories: | |||||||||||||||||||||||||||||
Rate Modification - A modification in which the interest rate is modified. | |||||||||||||||||||||||||||||
Term Modification - A modification in which the maturity date, timing of payments, or frequency of payments is changed. | |||||||||||||||||||||||||||||
Interest-only Modification - A modification in which the loan is converted to interest-only payments for a period of time. | |||||||||||||||||||||||||||||
Combination Modification - Any other type of modification, including the use of multiple types of modifications. | |||||||||||||||||||||||||||||
The following tables present newly restructured loans that occurred during the nine months ended September 30, 2014, and 2013, respectively: | |||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
Identified During the Nine Months ended September 30, 2014 | |||||||||||||||||||||||||||||
Rate | Term | Interest-only | Combination | ||||||||||||||||||||||||||
Modification | Modification | Modification | Modification | ||||||||||||||||||||||||||
Real estate | |||||||||||||||||||||||||||||
Multi-family residential | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Residential 1-4 family | — | — | — | — | |||||||||||||||||||||||||
Owner-occupied commercial | — | — | — | — | |||||||||||||||||||||||||
Nonowner-occupied commercial | — | 1,598 | 548 | — | |||||||||||||||||||||||||
Total real estate loans | — | 1,598 | 548 | — | |||||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | |||||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | |||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | |||||||||||||||||||||||||
Residential bare land and acquisition & development | — | — | — | — | |||||||||||||||||||||||||
Total construction loans | — | — | — | — | |||||||||||||||||||||||||
Commercial and other | — | 276 | 570 | — | |||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||
Total | $ | — | $ | 1,874 | $ | 1,118 | $ | — | |||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
Identified During the Nine Months ended September 30, 2013 | |||||||||||||||||||||||||||||
Rate | Term | Interest-only | Combination | ||||||||||||||||||||||||||
Modification | Modification | Modification | Modification | ||||||||||||||||||||||||||
Real estate | |||||||||||||||||||||||||||||
Multi-family residential | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Residential 1-4 family | 318 | — | — | 274 | |||||||||||||||||||||||||
Owner-occupied commercial | — | — | — | — | |||||||||||||||||||||||||
Nonowner-occupied commercial | 559 | — | — | — | |||||||||||||||||||||||||
Total real estate loans | 877 | — | — | 274 | |||||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | |||||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | |||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | |||||||||||||||||||||||||
Residential bare land and acquisition & development | — | — | — | — | |||||||||||||||||||||||||
Total construction loans | — | — | — | — | |||||||||||||||||||||||||
Commercial and other | — | 778 | 524 | 680 | |||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 877 | $ | 778 | $ | 524 | $ | 954 | |||||||||||||||||||||
Subsequent to a loan being classified as a TDR, a borrower may become unwilling or unable to abide by the terms of the modified agreement. In such cases of default, the Company takes appropriate action to recover principal and interest payments including the use of foreclosure proceedings. The following table presents loans receivable modified as TDRs that subsequently defaulted within the first twelve months of restructure during the period: | |||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
that Subsequently Defaulted During | |||||||||||||||||||||||||||||
the Nine Months ended September 30, | |||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||||||
Contracts | Investment | Contracts | Investment | ||||||||||||||||||||||||||
Real estate | |||||||||||||||||||||||||||||
Multi-family residential | — | $ | — | — | $ | — | |||||||||||||||||||||||
Residential 1-4 family | — | — | 1 | 274 | |||||||||||||||||||||||||
Owner-occupied commercial | — | — | 1 | 303 | |||||||||||||||||||||||||
Nonowner-occupied commercial | — | — | 1 | 559 | |||||||||||||||||||||||||
Total real estate loans | — | — | 3 | 1,136 | |||||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | |||||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | |||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | |||||||||||||||||||||||||
Residential bare land and acquisition & development | — | — | — | — | |||||||||||||||||||||||||
Total construction loans | — | — | — | — | |||||||||||||||||||||||||
Commercial and other | — | — | 4 | 289 | |||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||
Total | — | $ | — | 7 | $ | 1,425 | |||||||||||||||||||||||
At September 30, 2014, December 31, 2013, and September 30, 2013, the Company had no commitments to lend additional funds on loans restructured as TDRs. |
Dental_Loan_Portfolio
Dental Loan Portfolio | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||||||
Dental Loan Portfolio | ' | ||||||||||||||||||||||||||||
NOTE 4 – DENTAL LOAN PORTFOLIO | |||||||||||||||||||||||||||||
Dental lending is not operated as a business segment, and dental loans are made in the normal course of commercial lending activities throughout the Company. However, to assist in understanding the concentrations and risks associated with the Company’s loan portfolio, the following Note has been included to provide additional information relating to the Company’s dental loan portfolio. At September 30, 2014, December 31, 2013, and September 30, 2013, loans to dental professionals totaled $307,088, $307,268, and $303,911, respectively, and represented 29.65%, 30.89% and 31.05% in principal amount of total outstanding loans, respectively. As of September 30, 2014, December 31, 2013, and September 30, 2013, the dental loans were supported by government guarantees totaling $13,196, $16,470 and $17,491, respectively. These guarantees represented 4.30%, 5.36% and 5.76% in principal amount of the outstanding dental loan balances as of such respective dates. The Company defines a “dental loan” as a loan to dental professionals for the purpose of practice expansion, acquisition or other purpose supported by the cash flows of a dental practice. | |||||||||||||||||||||||||||||
Loan Classification | |||||||||||||||||||||||||||||
Major classifications of dental loans at September 30, 2014, December 31, 2013, and September 30, 2013, were as follows: | |||||||||||||||||||||||||||||
September 30, | December 31, | September 30, | |||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||
Real estate secured loans: | |||||||||||||||||||||||||||||
Owner-occupied commercial | $ | 60,871 | $ | 59,279 | $ | 59,868 | |||||||||||||||||||||||
Other dental real estate loans | 2,600 | 1,967 | 2,021 | ||||||||||||||||||||||||||
Total permanent real estate loans | 63,471 | 61,246 | 61,889 | ||||||||||||||||||||||||||
Dental construction loans | 416 | 5,810 | 5,186 | ||||||||||||||||||||||||||
Total real estate loans | 63,887 | 67,056 | 67,075 | ||||||||||||||||||||||||||
Commercial loans | 243,201 | 240,212 | 236,836 | ||||||||||||||||||||||||||
Gross loans | $ | 307,088 | $ | 307,268 | $ | 303,911 | |||||||||||||||||||||||
Market Area | |||||||||||||||||||||||||||||
The Bank’s defined “local market area” is within the states of Oregon and Washington, west of the Cascade Mountain Range. This area is serviced by branch locations in Eugene, Oregon; Portland, Oregon; and Seattle, Washington. The Company also makes national dental loans throughout the United States. National loan relationships are maintained and serviced by Bank personnel primarily located in Portland. The following table summarizes the Company’s dental lending by borrower location: | |||||||||||||||||||||||||||||
September 30, | December 31, | September 30, | |||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||
Local | $ | 164,271 | $ | 178,673 | $ | 181,396 | |||||||||||||||||||||||
National | 142,817 | 128,595 | 122,515 | ||||||||||||||||||||||||||
Total | $ | 307,088 | $ | 307,268 | $ | 303,911 | |||||||||||||||||||||||
Allowance | |||||||||||||||||||||||||||||
The allowance for loan losses identified for the dental loan portfolio is established as an amount that management considers adequate to absorb possible losses on existing loans within the dental loan portfolio. The allowance related to the dental loan portfolio consists of general and specific components. The general component is based upon all dental loans collectively evaluated for impairment, including qualitative conditions associated with loan type, national location, start-up financing, practice acquisition financing, and specialty practice financing. The specific component is based upon dental loans individually evaluated for impairment. | |||||||||||||||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Balance, beginning of period | $ | 4,136 | $ | 3,522 | $ | 3,730 | $ | 2,683 | |||||||||||||||||||||
Provision (reclassification) | (82 | ) | (854 | ) | 713 | 382 | |||||||||||||||||||||||
Loans charged against allowance | (19 | ) | — | (466 | ) | (444 | ) | ||||||||||||||||||||||
Recoveries credited to allowance | 49 | 20 | 107 | 67 | |||||||||||||||||||||||||
Balance, end of period | $ | 4,084 | $ | 2,688 | $ | 4,084 | $ | 2,688 | |||||||||||||||||||||
Credit Quality | |||||||||||||||||||||||||||||
Please refer to Note 3 for additional information on the definitions of the credit quality indicators. | |||||||||||||||||||||||||||||
The following tables present the Company’s dental loan portfolio by market and credit grade at September 30, 2014, December 31, 2013, and September 30, 2013: | |||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||
Loan Grade | |||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Totals | |||||||||||||||||||||||||
Local | $ | 160,184 | $ | — | $ | 4,087 | $ | — | $ | 164,271 | |||||||||||||||||||
National | 141,634 | — | 1,183 | — | 142,817 | ||||||||||||||||||||||||
Total | $ | 301,818 | $ | — | $ | 5,270 | $ | — | $ | 307,088 | |||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
Loan Grade | |||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Totals | |||||||||||||||||||||||||
Local | $ | 172,708 | $ | — | $ | 5,965 | $ | — | $ | 178,673 | |||||||||||||||||||
National | 127,842 | — | 753 | — | 128,595 | ||||||||||||||||||||||||
Total | $ | 300,550 | $ | — | $ | 6,718 | $ | — | $ | 307,268 | |||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||
Loan Grade | |||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Totals | |||||||||||||||||||||||||
Local | $ | 175,602 | $ | — | $ | 5,794 | $ | — | $ | 181,396 | |||||||||||||||||||
National | 121,757 | — | 758 | — | 122,515 | ||||||||||||||||||||||||
Total | $ | 297,359 | $ | — | $ | 6,552 | $ | — | $ | 303,911 | |||||||||||||||||||
Past Due and Nonaccrual Loans | |||||||||||||||||||||||||||||
The following tables present an aged analysis of the dental loan portfolio by market, including nonaccrual loans, as of September 30, 2014, December 31, 2013, and September 30, 2013: | |||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||
Greater | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Than 90 Days | Total Past | ||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Due and | Total | Total Loans | ||||||||||||||||||||||||
Still Accruing | Still Accruing | Still Accruing | Nonaccrual | Nonaccrual | Current | Receivable | |||||||||||||||||||||||
Local | $ | 601 | $ | — | $ | — | $ | 119 | $ | 720 | $ | 163,551 | $ | 164,271 | |||||||||||||||
National | — | — | — | 222 | 222 | 142,595 | 142,817 | ||||||||||||||||||||||
Total | $ | 601 | $ | — | $ | — | $ | 341 | $ | 942 | $ | 306,146 | $ | 307,088 | |||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
Greater | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Than 90 Days | Total Past | ||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Due and | Total | Total Loans | ||||||||||||||||||||||||
Still Accruing | Still Accruing | Still Accruing | Nonaccrual | Nonaccrual | Current | Receivable | |||||||||||||||||||||||
Local | $ | — | $ | — | $ | — | $ | 2,176 | $ | 2,176 | $ | 176,497 | $ | 178,673 | |||||||||||||||
National | — | — | — | 224 | 224 | 128,371 | 128,595 | ||||||||||||||||||||||
Total | $ | — | $ | — | $ | — | $ | 2,400 | $ | 2,400 | $ | 304,868 | $ | 307,268 | |||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||
Greater | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Than 90 Days | Total Past | ||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Due and | Total | Total Loans | ||||||||||||||||||||||||
Still Accruing | Still Accruing | Still Accruing | Nonaccrual | Nonaccrual | Current | Receivable | |||||||||||||||||||||||
Local | $ | 1,292 | $ | 346 | $ | — | $ | 1,225 | $ | 2,863 | $ | 178,533 | $ | 181,396 | |||||||||||||||
National | — | — | — | 224 | 224 | 122,291 | 122,515 | ||||||||||||||||||||||
Total | $ | 1,292 | $ | 346 | $ | — | $ | 1,449 | $ | 3,087 | $ | 300,824 | $ | 303,911 | |||||||||||||||
Federal_Funds_and_Overnight_Fu
Federal Funds and Overnight Funds Purchased | 9 Months Ended |
Sep. 30, 2014 | |
Text Block [Abstract] | ' |
Federal Funds and Overnight Funds Purchased | ' |
NOTE 5 – FEDERAL FUNDS AND OVERNIGHT FUNDS PURCHASED | |
At September 30, 2014, the Company had unsecured federal funds borrowing lines with various correspondent banks totaling $129,000. At September 30, 2014, and December 31, 2013 there was $670, and $5,150 outstanding on these lines, respectively. There were no borrowings outstanding on these lines at September 30, 2013. | |
The Company also has a secured overnight borrowing line available from the Federal Reserve Bank of San Francisco (“FRB”) that totaled $71,557, $92,579 and $92,712 at September 30, 2014, December 31, 2013, and September 30, 2013, respectively. At September 30, 2014, the FRB borrowing line was secured by the pledge of approximately $143,550 of commercial loans under the Company’s Borrower-In-Custody program. At September 30, 2014, December 31, 2013, and September 30, 2013, there were no outstanding borrowings on this line. |
Federal_Home_Loan_Bank_Borrowi
Federal Home Loan Bank Borrowings | 9 Months Ended | ||||||||||||||
Sep. 30, 2014 | |||||||||||||||
Banking and Thrift [Abstract] | ' | ||||||||||||||
Federal Home Loan Bank Borrowings | ' | ||||||||||||||
NOTE 6 – FEDERAL HOME LOAN BANK BORROWINGS | |||||||||||||||
The Company has a borrowing limit with the Federal Home Loan Bank (“FHLB”) equal to 30% of total assets, subject to the value of discounted collateral pledged. The Company does have the ability to access the FHLB excess stock pool, thus borrowing is not limited by FHLB stock held. At September 30, 2014, the maximum borrowing line was $446,916; however, the FHLB borrowing line was limited by the discounted value of collateral pledged. The Company had pledged $453,792 in real estate loans to the FHLB that had a discounted value of $299,083. There was $145,000 borrowed on this line at September 30, 2014. | |||||||||||||||
At December 31, 2013, the maximum FHLB borrowing line was $434,963, and the Company had pledged real estate loans and securities to the FHLB with a discounted value of $229,547. There was $160,000 borrowed on this line at December 31, 2013. | |||||||||||||||
At September 30, 2013, the maximum FHLB borrowing line was $436,463, and the Company had pledged real estate loans and securities to the FHLB with a discounted collateral value of $225,546. There was $145,000 borrowed on this line at September 30, 2013. | |||||||||||||||
Current | September 30, | December 31, | September 30, | ||||||||||||
Rates | 2014 | 2013 | 2013 | ||||||||||||
Cash management advance | NA | $ | — | $ | — | $ | — | ||||||||
2013 | — | — | — | 104,000 | |||||||||||
2014 | 0.21% - 0.30% | 104,000 | 119,000 | — | |||||||||||
2015 | 0.60% - 1.60% | 13,500 | 13,500 | 13,500 | |||||||||||
2016 | 1.84% - 2.36% | 22,500 | 22,500 | 22,500 | |||||||||||
2017 | 2.28% | 3,000 | 3,000 | 3,000 | |||||||||||
2018 | — | — | — | — | |||||||||||
Thereafter | 3.85% | 2,000 | 2,000 | 2,000 | |||||||||||
$ | 145,000 | $ | 160,000 | $ | 145,000 | ||||||||||
ShareBased_Compensation
Share-Based Compensation | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||||
Share-Based Compensation | ' | ||||||||||||||||||||
NOTE 7 – SHARE-BASED COMPENSATION | |||||||||||||||||||||
The Company’s 2006 Stock Option and Equity Compensation Plan (the “2006 SOEC Plan”) authorizes the award of up to 1,550,000 shares in share-based awards. The awards granted under this plan are performance-based and are subject to vesting. The Compensation Committee of the Board of Directors may impose any terms or conditions on the vesting of an award that it determines to be appropriate. Awards granted generally vest over four years and have a maximum life of ten years. Awards may be granted at exercise prices of not less than 100% of the fair market value of the Company’s common stock at the grant date. | |||||||||||||||||||||
Pursuant to the 2006 SOEC Plan, incentive stock options (“ISOs”), nonqualified stock options, restricted stock, restricted stock units (“RSUs”), or stock appreciation rights (“SARs”) may be awarded to attract and retain the best available personnel to the Company and its subsidiaries. SARs may be settled in common stock or cash as determined at the date of issuance. Liability-based awards (including all cash-settled SARs) have no impact on the number of shares available to be issued within the plan. Additionally, non-qualified option awards and restricted stock awards may be granted to directors under the terms of this plan. | |||||||||||||||||||||
Prior to April 2006, ISO and non-qualified option awards were granted to employees and directors under the Company’s 1999 Employees’ Stock Option Plan and the Company’s 1999 Directors’ Stock Option Plan. The Company has stock options outstanding under both of these plans. Subsequent to the annual shareholders’ meeting in April 2006, all shares available under these plans were deregistered and are no longer available for future grants. | |||||||||||||||||||||
For the nine months ended September 30, 2014, 14,996 restricted shares were granted and issued to directors with no restrictions imposed. Additionally, 127,051 RSUs were granted to employees during the first nine months of 2014. Of the 127,051 RSUs granted, 116,771 vest over four years, 9,902 vest over two years, and 378 vested immediately. Shares of common stock will be issued as soon as practicable upon vesting. For the nine months ended September 30, 2013, 10,179 restricted shares were granted and issued to directors with no restrictions imposed. Additionally, 145,420 RSUs were granted to employees during the first nine months of 2013, all of which vest over four years. No other awards were granted during the nine months ended September 30, 2014, and 2013. | |||||||||||||||||||||
The following table summarizes the shares and the grant-date fair market values of the equity-based awards granted during the nine months ended September 30, 2014, and 2013: | |||||||||||||||||||||
Nine months ended | |||||||||||||||||||||
September 30, | |||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||
Shares | Fair Market | Shares | Fair Market | ||||||||||||||||||
Value | Value | ||||||||||||||||||||
Equity-based awards: | |||||||||||||||||||||
Director restricted stock | 14,996 | $ | 200 | 10,179 | $ | 110 | |||||||||||||||
Employee stock options | — | — | — | — | |||||||||||||||||
Employee stock SARs | — | — | — | — | |||||||||||||||||
Employee RSUs | 127,051 | 1,679 | 145,420 | 1,366 | |||||||||||||||||
142,047 | $ | 1,879 | 155,599 | $ | 1,476 | ||||||||||||||||
The following table provides a summary of the Company’s RSU activity, including the weighted average grant date fair value, for the six months ended September 30, 2014: | |||||||||||||||||||||
Nine months ended | |||||||||||||||||||||
September 30, 2014 | |||||||||||||||||||||
Non-Vested | Weighted Average | ||||||||||||||||||||
Restricted Stock | Grant Date Fair | ||||||||||||||||||||
Units | Value | ||||||||||||||||||||
Balance, beginning of period | 299,696 | $ | 9.79 | ||||||||||||||||||
Granted | 127,051 | 13.21 | |||||||||||||||||||
Vested shares issued | (58,518 | ) | 9.65 | ||||||||||||||||||
Vested shares surrendered for taxes | (36,384 | ) | 9.65 | ||||||||||||||||||
Forfeited or expired | (17,682 | ) | 10.49 | ||||||||||||||||||
Balance, end of period | 314,163 | $ | 11.18 | ||||||||||||||||||
The following table identifies the compensation expense recorded and tax benefits received by the Company on its share-based compensation plans for the three and nine months ended September 30, 2014, and 2013: | |||||||||||||||||||||
Three months ended | |||||||||||||||||||||
September 30, | |||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||
Compensation | Tax Benefit | Compensation | Tax Benefit | ||||||||||||||||||
Expense | Expense | ||||||||||||||||||||
Equity-based awards: | |||||||||||||||||||||
Director restricted stock | $ | — | $ | — | $ | — | $ | — | |||||||||||||
Employee stock options | — | — | 13 | — | |||||||||||||||||
Employee stock SARs | — | — | 27 | 10 | |||||||||||||||||
Employee RSUs | 327 | 124 | 229 | 87 | |||||||||||||||||
Liability-based awards: | |||||||||||||||||||||
Employee cash SARs | 5 | 2 | 10 | 4 | |||||||||||||||||
$ | 332 | $ | 126 | $ | 279 | $ | 101 | ||||||||||||||
Nine months ended | |||||||||||||||||||||
September 30, | |||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||
Compensation | Tax Benefit | Compensation | Tax Benefit | ||||||||||||||||||
Expense | Expense | ||||||||||||||||||||
Equity-based awards: | |||||||||||||||||||||
Director restricted stock | $ | 200 | $ | 76 | $ | 110 | $ | 39 | |||||||||||||
Employee stock options | 13 | — | 56 | — | |||||||||||||||||
Employee stock SARs | 26 | 10 | 100 | 38 | |||||||||||||||||
Employee RSUs | 888 | 337 | 601 | 228 | |||||||||||||||||
Liability-based awards: | |||||||||||||||||||||
Employee cash SARs | 75 | 29 | 10 | 4 | |||||||||||||||||
$ | 1,202 | $ | 452 | $ | 877 | $ | 309 | ||||||||||||||
The following table identifies stock options, employee stock SARs, and employee cash SARs exercised during the three and nine months ended September 30, 2014: | |||||||||||||||||||||
Three months ended | |||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||
Number | Weighted | Intrinsic | Number of | Net Cash | |||||||||||||||||
Exercised | Average | Value | Shares | Payment to | |||||||||||||||||
Exercise | Issued | Employees | |||||||||||||||||||
Price | |||||||||||||||||||||
Stock options | — | $ | — | $ | — | — | NA | ||||||||||||||
Employee stock SARs | 2,901 | $ | 11.72 | $ | 3 | 234 | NA | ||||||||||||||
Employee cash SARs | 1,417 | $ | 12.07 | NA | NA | $ | 1 | ||||||||||||||
Nine months ended | |||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||
Number | Weighted | Intrinsic | Number of | Net Cash | |||||||||||||||||
Exercised | Average | Value | Shares | Payment to | |||||||||||||||||
Exercise | Issued | Employees | |||||||||||||||||||
Price | |||||||||||||||||||||
Stock options | 16,779 | $ | 11 | $ | 57 | — | NA | ||||||||||||||
Employee stock SARs | 17,151 | $ | 11.84 | $ | 28 | 1,876 | NA | ||||||||||||||
Employee cash SARs | 8,055 | $ | 12.18 | NA | NA | $ | 10 | ||||||||||||||
No liability-based or equity-based awards vested during the three and nine months ended September 30, 2014. | |||||||||||||||||||||
The following table identifies stock options, employee stock SARs, and employee cash SARs exercised during the three and nine months ended September 30, 2013: | |||||||||||||||||||||
Three months ended | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
Number | Weighted | Intrinsic | Number of | Net Cash | |||||||||||||||||
Exercised | Average | Value | Shares | Payment to | |||||||||||||||||
Exercise | Issued | Employees | |||||||||||||||||||
Price | |||||||||||||||||||||
Stock options | — | $ | — | $ | — | — | NA | ||||||||||||||
Employee stock SARs | 4,664 | $ | 11.78 | $ | 4 | 306 | NA | ||||||||||||||
Employee cash SARs | 845 | $ | 12.07 | NA | NA | $ | 1 | ||||||||||||||
Nine months ended | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
Number | Weighted | Intrinsic | Number of | Net Cash | |||||||||||||||||
Exercised | Average | Value | Shares | Payment to | |||||||||||||||||
Exercise | Issued | Employees | |||||||||||||||||||
Price | |||||||||||||||||||||
Stock options | — | $ | — | $ | — | — | NA | ||||||||||||||
Employee stock SARs | 4,664 | $ | 11.78 | $ | 4 | 306 | NA | ||||||||||||||
Employee cash SARs | 845 | $ | 12.07 | NA | NA | $ | 1 | ||||||||||||||
No liability-based or equity-based awards vested during the three and nine months ended September 30, 2013. | |||||||||||||||||||||
At September 30, 2014, the Company had estimated unrecognized compensation expense of approximately $2,714 for unvested RSUs. These amounts are based on historical forfeiture rates of 13.00% for all RSUs granted to employees. The weighted-average period of time the unrecognized compensation expense will be recognized for the unvested RSUs was approximately 2.72 years as of September 30, 2014. |
Fair_Value
Fair Value | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||||||
Fair Value | ' | ||||||||||||||||||||||||
NOTE 8 – FAIR VALUE | |||||||||||||||||||||||||
The following table presents estimated fair values of the Company’s financial instruments as of September 30, 2014, December 31, 2013, and September 30, 2013, in accordance with the provisions of FASB ASC 825 “Financial Instruments.” The use of different assumptions and estimation methods could have a significant effect on the reported fair value amounts. Accordingly, the estimates of fair value herein are not necessarily indicative of the amounts that might be realized in a current market exchange. | |||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | September 30, 2013 | |||||||||||||||||||||||
Carrying | Carrying | Carrying | |||||||||||||||||||||||
Amount | Fair Value | Amount | Fair Value | Amount | Fair Value | ||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 24,512 | $ | 24,512 | $ | 21,108 | $ | 21,108 | $ | 42,609 | $ | 42,609 | |||||||||||||
Securities available-for-sale | 348,052 | 348,052 | 347,386 | 347,386 | 347,506 | 347,506 | |||||||||||||||||||
Loans | 1,034,849 | 1,019,916 | 993,845 | 980,334 | 977,718 | 967,188 | |||||||||||||||||||
Federal Home Loan Bank stock | 10,125 | 10,125 | 10,425 | 10,425 | 10,523 | 10,523 | |||||||||||||||||||
Interest receivable | 4,759 | 4,759 | 4,703 | 4,703 | 4,608 | 4,608 | |||||||||||||||||||
Bank-owned life insurance | 16,488 | 16,488 | 16,136 | 16,136 | 16,008 | 16,008 | |||||||||||||||||||
Swap derivative | 275 | 275 | 405 | 405 | 313 | 313 | |||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||
Deposits | $ | 1,145,235 | $ | 1,145,558 | $ | 1,090,981 | $ | 1,091,355 | $ | 1,117,529 | $ | 1,117,840 | |||||||||||||
Federal funds and overnight funds purchased | 670 | 670 | 5,150 | 5,150 | — | — | |||||||||||||||||||
Federal Home Loan Bank borrowings | 145,000 | 145,818 | 160,000 | 160,984 | 145,000 | 146,032 | |||||||||||||||||||
Junior subordinated debentures | 8,248 | 2,365 | 8,248 | 2,265 | 8,248 | 2,235 | |||||||||||||||||||
Accrued interest payable | 194 | 194 | 193 | 193 | 195 | 195 | |||||||||||||||||||
Cash and cash equivalents – The carrying amount approximates fair value. | |||||||||||||||||||||||||
Securities available-for-sale – Fair value is based on quoted market prices. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. | |||||||||||||||||||||||||
Loans – For variable rate loans that reprice frequently and have no significant change in credit risk, fair value is based on carrying values. Fair value of fixed rate loans is estimated by discounting the future cash flows using current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Fair values for impaired loans are estimated using discounted cash flow analyses or underlying collateral values, where applicable, and consider credit risk. | |||||||||||||||||||||||||
Federal Home Loan Bank stock – The carrying amount approximates fair value. | |||||||||||||||||||||||||
Interest receivable and payable – The carrying amounts of accrued interest receivable and payable approximate their fair value. | |||||||||||||||||||||||||
Bank-owned life insurance – The carrying amount is based on cash surrender value which approximates fair value. | |||||||||||||||||||||||||
Swap derivative – Fair value is based on quoted market prices. | |||||||||||||||||||||||||
Deposits – Fair value of demand, interest bearing demand and savings deposits is the amount payable on demand at the reporting date. Fair value of time deposits is estimated using the interest rates currently offered for deposits of similar remaining maturities. The Company uses an independent third-party to establish the fair value of time deposits. | |||||||||||||||||||||||||
Federal funds and overnight funds purchased – The carrying amount is a reasonable estimate of fair value because of the short-term nature of these borrowings. | |||||||||||||||||||||||||
Federal Home Loan Bank borrowings – Fair value of Federal Home Loan Bank borrowings is estimated by discounting future cash flows at rates currently available for debt with similar terms and remaining maturities. | |||||||||||||||||||||||||
Junior subordinated debentures – Fair value of junior subordinated debentures is estimated by discounting future cash flows at rates currently available for debt with similar credit risk, terms and remaining maturities. | |||||||||||||||||||||||||
Off-balance sheet financial instruments – The carrying amount and fair value are based on fees charged for similar commitments and are not material. | |||||||||||||||||||||||||
The Company also adheres to the FASB guidance with regards to ASC 820, “Fair Value Measures.” This guidance defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. The statement requires fair value measurement disclosure of all assets and liabilities that are carried at fair value on either a recurring or nonrecurring basis. The Company determines fair value based upon quoted prices when available or through the use of alternative approaches, such as matrix or model pricing, when market quotes are not readily accessible or available. The valuation techniques used are based on observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. These two types of inputs create the following fair value hierarchy: | |||||||||||||||||||||||||
• | Level 1 – Quoted prices for identical instruments in active markets. | ||||||||||||||||||||||||
• | Level 2 – Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active or model-derived valuations whose inputs are observable or whose significant value drivers are observable. | ||||||||||||||||||||||||
• | Level 3 – Unobservable inputs are used to measure fair value to the extent that observable inputs are not available. The Company’s own data used to develop unobservable inputs is adjusted for market consideration when reasonably available. | ||||||||||||||||||||||||
Financial instruments, measured at fair value, are broken down in the tables below by recurring or nonrecurring measurement status. Recurring assets are initially measured at fair value and are required to be remeasured at fair value in the financial statements at each reporting date. Assets measured on a nonrecurring basis are assets that, due to an event or circumstance, were required to be remeasured at fair value after initial recognition in the financial statements at some time during the reporting period. | |||||||||||||||||||||||||
The following table presents information about the level in the fair value hierarchy for the Company’s assets and liabilities not measured and carried at fair value as of September 30, 2014, December 31, 2013, and September 30, 2013: | |||||||||||||||||||||||||
Carrying | Fair Value at September 30, 2014 | ||||||||||||||||||||||||
Amount | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 24,512 | $ | 24,512 | $ | — | $ | — | |||||||||||||||||
Loans | 1,034,849 | — | — | 1,019,916 | |||||||||||||||||||||
Federal Home Loan Bank stock | 10,125 | 10,125 | — | — | |||||||||||||||||||||
Accrued interest receivable | 4,759 | 4,759 | — | — | |||||||||||||||||||||
Bank-owned life insurance | 16,488 | 16,488 | — | — | |||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||
Deposits | $ | 1,145,235 | $ | — | $ | 1,145,558 | $ | — | |||||||||||||||||
Federal funds and overnight funds purchased | 670 | 670 | — | — | |||||||||||||||||||||
Federal Home Loan Bank borrowings | 145,000 | — | 145,818 | — | |||||||||||||||||||||
Junior subordinated debentures | 8,248 | — | 2,365 | — | |||||||||||||||||||||
Accrued interest payable | 194 | 194 | — | — | |||||||||||||||||||||
Carrying | Fair Value at December 31, 2013 | ||||||||||||||||||||||||
Amount | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 21,108 | $ | 21,108 | $ | — | $ | — | |||||||||||||||||
Loans | 993,845 | — | — | 980,334 | |||||||||||||||||||||
Federal Home Loan Bank stock | 10,425 | 10,425 | — | — | |||||||||||||||||||||
Accrued interest receivable | 4,703 | 4,703 | — | — | |||||||||||||||||||||
Bank-owned life insurance | 16,136 | 16,136 | — | — | |||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||
Deposits | $ | 1,090,981 | $ | — | $ | 1,091,355 | $ | — | |||||||||||||||||
Federal funds and overnight funds purchased | 5,150 | 5,150 | — | — | |||||||||||||||||||||
Federal Home Loan Bank borrowings | 160,000 | — | 160,984 | — | |||||||||||||||||||||
Junior subordinated debentures | 8,248 | — | 2,265 | — | |||||||||||||||||||||
Accrued interest payable | 193 | 193 | — | — | |||||||||||||||||||||
Carrying | Fair Value at September 30, 2013 | ||||||||||||||||||||||||
Amount | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 42,609 | $ | 42,609 | $ | — | $ | — | |||||||||||||||||
Loans | 977,718 | — | — | 967,188 | |||||||||||||||||||||
Federal Home Loan Bank stock | 10,523 | 10,523 | — | — | |||||||||||||||||||||
Accrued interest receivable | 4,608 | 4,608 | — | — | |||||||||||||||||||||
Bank-owned life insurance | 16,008 | 16,008 | — | — | |||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||
Deposits | $ | 1,117,529 | $ | — | $ | 1,117,840 | $ | — | |||||||||||||||||
Federal funds and overnight funds purchased | — | — | — | — | |||||||||||||||||||||
Federal Home Loan Bank borrowings | 145,000 | — | 146,032 | — | |||||||||||||||||||||
Junior subordinated debentures | 8,248 | — | 2,235 | — | |||||||||||||||||||||
Accrued interest payable | 4,423 | 4,423 | — | — | |||||||||||||||||||||
The tables below show assets measured at fair value on a recurring basis as of September 30, 2014, December 31, 2013, and September 30, 2013: | |||||||||||||||||||||||||
Carrying | Fair Value at September 30, 2014 | ||||||||||||||||||||||||
September 30, 2014 | Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Available-for-sale securities | |||||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 38,948 | $ | — | $ | 38,948 | $ | — | |||||||||||||||||
Obligations of states and political subdivisions | 82,988 | — | 82,988 | — | |||||||||||||||||||||
Mortgage-backed securities | 205,921 | — | 205,921 | — | |||||||||||||||||||||
Private-label mortgage-backed securities | 4,127 | — | 2,488 | 1,639 | |||||||||||||||||||||
SBA variable rate pools | 16,068 | — | 16,068 | — | |||||||||||||||||||||
Swap derivative | 275 | — | 275 | — | |||||||||||||||||||||
Total assets measured on a recurring basis | $ | 348,327 | $ | — | $ | 346,688 | $ | 1,639 | |||||||||||||||||
Carrying | Fair Value at December 31, 2013 | ||||||||||||||||||||||||
December 31, 2013 | Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Available-for-sale securities | |||||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 30,847 | $ | — | $ | 30,847 | $ | — | |||||||||||||||||
Obligations of states and political subdivisions | 78,795 | — | 78,795 | — | |||||||||||||||||||||
Mortgage-backed securities | 223,720 | — | 223,720 | — | |||||||||||||||||||||
Private-label mortgage-backed securities | 5,314 | — | 3,528 | 1,786 | |||||||||||||||||||||
SBA variable rate pools | 8,710 | — | 8,710 | — | |||||||||||||||||||||
Swap derivative | 405 | — | 405 | — | |||||||||||||||||||||
Total assets measured on a recurring basis | $ | 347,791 | $ | — | $ | 346,005 | $ | 1,786 | |||||||||||||||||
Fair Value at September 30, 2013 | |||||||||||||||||||||||||
September 30, 2013 | Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Available-for-sale securities | |||||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 26,900 | $ | — | $ | 26,900 | $ | — | |||||||||||||||||
Obligations of states and political subdivisions | 79,365 | — | 79,365 | — | |||||||||||||||||||||
Mortgage-backed securities | 235,085 | — | 235,085 | — | |||||||||||||||||||||
Private-label mortgage-backed securities | 6,156 | — | 4,624 | 1,532 | |||||||||||||||||||||
Swap derivative | 313 | — | 313 | — | |||||||||||||||||||||
Total assets measured on a recurring basis | $ | 347,819 | $ | — | $ | 346,287 | $ | 1,532 | |||||||||||||||||
No transfers to or from Levels 1 and 2 occurred on assets measured at fair value on a recurring basis during the nine months ended September 30, 2014, and 2013, or during the year ended December 31, 2013. | |||||||||||||||||||||||||
The following is a description of the inputs and valuation methodologies used for assets recorded at fair value on a recurring basis. Fair value for all classes of available-for-sale securities is estimated by obtaining quoted market prices for identical assets, where available. If such prices are not available, fair value is based on independent asset pricing services and models, the inputs of which are market-based or independently sourced market parameters, including, but not limited to, yield curves, interest rates, prepayments, defaults, cumulative loss projections, and cash flows. Fair value of the swap derivative is determined by FTN Financial, and represents an active price quote which they would pay or the Bank would be charged to leave the swap early. There have been no significant changes in the valuation techniques during the periods reported. | |||||||||||||||||||||||||
The following table provides a reconciliation of assets measured at fair value on a recurring basis using unobservable inputs (Level 3) for the three and nine months ended September 30, 2014, and 2013: | |||||||||||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
Beginning balance | $ | 1,693 | $ | 1,589 | $ | 1,786 | $ | 1,682 | |||||||||||||||||
Transfers to Level 3 | — | — | — | — | |||||||||||||||||||||
Transfers out of Level 3 | — | — | — | — | |||||||||||||||||||||
Total gains or losses | — | — | |||||||||||||||||||||||
Included in earnings | — | — | — | — | |||||||||||||||||||||
Included in other comprehensive income | (19 | ) | 31 | (30 | ) | 98 | |||||||||||||||||||
Paydowns | (35 | ) | (88 | ) | (117 | ) | (248 | ) | |||||||||||||||||
Purchases, issuances, sales and settlements | — | — | |||||||||||||||||||||||
Purchases | — | — | — | — | |||||||||||||||||||||
Issuances | — | — | — | — | |||||||||||||||||||||
Sales | — | — | — | — | |||||||||||||||||||||
Settlements | — | — | — | — | |||||||||||||||||||||
Ending balance | $ | 1,639 | $ | 1,532 | $ | 1,639 | $ | 1,532 | |||||||||||||||||
The Company utilizes FTN Financial as a third-party pricing service to estimate fair value on all of its available-for-sale securities. The inputs used to value all securities include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, and reference data, including market research, market indicators, and industry and economic trends. Additional inputs specific to each asset type are as follows: | |||||||||||||||||||||||||
• | Obligations of U.S. government agencies – TRACE reported trades. | ||||||||||||||||||||||||
• | Obligations of states and political subdivisions – MSRB reported trades, material event notices, and Municipal Market Data (MMD) benchmark yields. | ||||||||||||||||||||||||
• | Private-label mortgage-backed securities – new issue data, monthly payment information, and collateral performance (whole loan collateral). | ||||||||||||||||||||||||
• | Mortgage-backed securities – TBA prices and monthly payment information. | ||||||||||||||||||||||||
• | SBA variable pools – TBA prices and monthly payment information. | ||||||||||||||||||||||||
Inputs may be prioritized differently on any given day for any security and not all inputs listed are available for use in the evaluation process on any given day for each security evaluation. | |||||||||||||||||||||||||
The valuation methodology used by asset type includes: | |||||||||||||||||||||||||
• | Obligations of U.S. government agencies – security characteristics, defined sector break-down, benchmark yields, applied base spread, yield to maturity (bullet structures), corporate action adjustment, and evaluations based on T+3 settlement. | ||||||||||||||||||||||||
• | Obligations of states and political subdivisions – security characteristics, benchmark yields, applied base spread, yield to worst or market convention, ratings updates, prepayment schedules (housing bonds), material event notice adjustments, and evaluations based on T+3 settlement. | ||||||||||||||||||||||||
• | Private-label mortgage-backed securities – security characteristics, prepayment speeds, cash flows, TBA, Treasury and swap curves, IO/PO strips or floating indexes, applied base spread, spread adjustments, yield to worst or market convention, ratings updates (whole-loan collateral), and evaluations based on T+0 settlement. | ||||||||||||||||||||||||
• | Mortgage-backed securities – security characteristics, TBA, Treasury, or floating index benchmarks, spread to TBA levels, prepayment speeds, applied spreads, and evaluations based on T+0 settlement. | ||||||||||||||||||||||||
• | SBA variable pools – security characteristics, TBA, Treasury, or floating index benchmarks, spread to TBA levels, prepayment speeds, applied spreads, and evaluations based on T+0 settlement. | ||||||||||||||||||||||||
The third-party pricing service follows multiple review processes to assess the available market, credit and deal-level information to support its valuation estimates. If sufficient objectively verifiable information is not available to support a security’s valuation, an alternate independent evaluation source will be used. | |||||||||||||||||||||||||
The Company’s securities portfolio was valued through its independent third-party pricing service using evaluated pricing models and quoted prices based on market data. For further assurance, the Company’s estimate of fair value was compared to an additional independent third-party estimate at September 30, 2014, and the Company obtained key inputs for a sample of securities across sectors and evaluated those inputs for reasonableness. This analysis was performed at the individual security level and no material variances were noted. | |||||||||||||||||||||||||
There have been no significant changes in the valuation techniques during the periods reported. | |||||||||||||||||||||||||
The tables below show assets measured at fair value on a nonrecurring basis as of September 30, 2014, December 31, 2013, and September 30, 2013: | |||||||||||||||||||||||||
Carrying | Fair Value | ||||||||||||||||||||||||
September 30, 2014 | Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Loans measured for impairment (net of government guarantees and specific reserves) | $ | 3,254 | $ | — | $ | — | $ | 3,254 | |||||||||||||||||
Other real estate owned | 13,177 | — | — | 13,177 | |||||||||||||||||||||
Total | $ | 16,431 | $ | — | $ | — | $ | 16,431 | |||||||||||||||||
Carrying | Fair Value | ||||||||||||||||||||||||
December 31, 2013 | Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Loans measured for impairment (net of government guarantees and specific reserves) | $ | 5,749 | $ | — | $ | — | $ | 5,749 | |||||||||||||||||
Other real estate owned | 16,355 | — | — | 16,355 | |||||||||||||||||||||
Total | $ | 22,104 | $ | — | $ | — | $ | 22,104 | |||||||||||||||||
Carrying | Fair Value | ||||||||||||||||||||||||
September 30, 2013 | Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Loans measured for impairment (net of government guarantees and specific reserves) | $ | 6,948 | $ | — | $ | — | $ | 6,948 | |||||||||||||||||
Other real estate owned | 16,602 | — | — | 16,602 | |||||||||||||||||||||
Total | $ | 23,550 | $ | — | $ | — | $ | 23,550 | |||||||||||||||||
The following is a description of the inputs and valuation methodologies used for assets recorded at fair value on a nonrecurring basis. | |||||||||||||||||||||||||
Loans measured for impairment (net of government guarantees and specific reserves) include the estimated fair value of collateral-dependent loans, less collectible government guarantees, as well as certain noncollateral-dependent loans measured for impairment with an allocated specific reserve. When a collateral-dependent loan is identified as impaired, the value of the loan is measured using the current fair value of the collateral less selling costs. The fair value of collateral is generally estimated by obtaining external appraisals which are usually updated every 6 to 12 months based on the nature of the impaired loans. Certain noncollateral-dependent loans measured for impairment with an allocated specific reserve are valued based upon the estimated net realizable value of the loan. If the estimated fair value of the impaired loan, less collectible government guarantees, is less than the recorded investment in the loan, impairment is recognized as a charge-off through the allowance for loan losses. The carrying value of the loan is adjusted to the estimated fair value. The carrying value of loans fully charged off is zero. | |||||||||||||||||||||||||
Other real estate owned represents real estate which the Company has taken control of in partial or full satisfaction of loans. At the time of foreclosure, other real estate owned is recorded at the lower of the carrying amount of the loan or fair value less costs to sell, which becomes the property’s new basis. Any write downs based on the asset’s fair value at the date of acquisition are charged to the allowance for loan losses. After foreclosure, management periodically orders appraisals or performs valuations to ensure that the real estate is carried at the lower of its new cost basis or fair value, net of estimated costs to sell. Appraisals are generally updated every 6 to 12 months on other real estate owned. Fair value adjustments on other real estate owned are recognized within net loss on real estate owned. The loss represents impairments on other real estate owned for fair value adjustments based on the fair value of the real estate. | |||||||||||||||||||||||||
There have been no significant changes in the valuation techniques during the periods reported. |
Derivative_Instruments
Derivative Instruments | 9 Months Ended |
Sep. 30, 2014 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' |
Derivative Instruments | ' |
NOTE 9 – DERIVATIVE INSTRUMENTS | |
Derivative instruments are entered into primarily as a risk management tool of the Company to help manage its interest rate risk position. Financial derivatives are recorded at fair value as other assets and other liabilities. The accounting for changes in the fair value of a derivative depends on whether it has been designated and qualifies as part of a hedging relationship. For a fair value hedge, changes in the fair value of the derivative instrument and changes in the fair value of the hedged asset or liability are recognized currently in earnings. For a cash flow hedge, changes in the fair value of the derivative instrument, to the extent that it is effective, are recorded in accumulated other comprehensive income and subsequently reclassified to earnings as the hedged transaction impacts net income. Any ineffective portion of a cash flow hedge is recognized currently in earnings. | |
During the second quarter 2013, the Company entered into an interest rate swap agreement with an $8,000 notional amount to convert its variable-rate Junior Subordinated Debenture debt into a fixed rate for a term of seven years at a rate of 2.73%. The derivative is designated as a cash flow hedge. The hedge meets the definition of highly effective and the Company expects the hedge to be highly effective throughout the remaining term of the swap. The fair value of the derivative instrument at September 30, 2014, was a $275 unrealized gain, which is recorded in the other asset section of the consolidated balance sheet, net of the tax effect. No gain or loss was recognized in earnings for the nine months ended September 30, 2014, related to interest rate swaps. | |
The Company maintains written documentation for the hedge. This documentation identifies the hedging objective and strategy, the hedging instrument, the instrument being hedged, the reasoning behind the assertion that the hedge is highly effective and the methodology for measuring ongoing hedge effectiveness and ineffectiveness. The Company pledged $400 under collateral arrangements to satisfy collateral requirements associated with the interest rate swap contract. |
Regulatory_Matters
Regulatory Matters | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Banking and Thrift [Abstract] | ' | ||||||||||||||||||||||||
Regulatory Matters | ' | ||||||||||||||||||||||||
NOTE 10 – REGULATORY MATTERS | |||||||||||||||||||||||||
The Company and the Bank are subject to the regulations of certain federal and state agencies and receive periodic examinations by those regulatory authorities. In addition, they are subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory – and possibly additional discretionary – actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company and the Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. | |||||||||||||||||||||||||
Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios of Total and Tier 1 capital to risk-weighted assets and of Tier 1 capital to leverage assets. Management believes that, as of September 30, 2014, the Company and the Bank met all capital adequacy requirements to which they are subject. | |||||||||||||||||||||||||
As of September 30, 2014, and according to Federal Reserve and FDIC guidelines, the Bank was considered to be well-capitalized. To be categorized as well-capitalized, the Bank must maintain minimum Total risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the following table. | |||||||||||||||||||||||||
To Be Well | |||||||||||||||||||||||||
Capitalized Under | |||||||||||||||||||||||||
For Capital | Prompt Corrective | ||||||||||||||||||||||||
Actual | Adequacy Purposes | Action Provisions | |||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
As of September 30, 2014: | |||||||||||||||||||||||||
Total capital (to risk weighted assets) | |||||||||||||||||||||||||
Bank: | $ | 176,519 | 15.59 | % | $ | 90,593 | 8 | % | $ | 113,241 | 10 | % | |||||||||||||
Company: | $ | 177,718 | 15.69 | % | NA | NA | |||||||||||||||||||
Tier I capital (to risk weighted assets) | |||||||||||||||||||||||||
Bank: | $ | 162,342 | 14.34 | % | $ | 45,297 | 4 | % | $ | 67,945 | 6 | % | |||||||||||||
Company: | $ | 163,541 | 14.44 | % | NA | NA | |||||||||||||||||||
Tier I capital (to leverage assets) | |||||||||||||||||||||||||
Bank: | $ | 162,342 | 11.12 | % | $ | 58,385 | 4 | % | $ | 72,981 | 5 | % | |||||||||||||
Company: | $ | 163,541 | 11.2 | % | NA | NA | |||||||||||||||||||
As of December 31, 2013: | |||||||||||||||||||||||||
Total capital (to risk weighted assets) | |||||||||||||||||||||||||
Bank: | $ | 174,311 | 15.89 | % | $ | 87,744 | 8 | % | $ | 109,680 | 10 | % | |||||||||||||
Company: | $ | 177,209 | 16.15 | % | NA | NA | |||||||||||||||||||
Tier I capital (to risk weighted assets) | |||||||||||||||||||||||||
Bank: | $ | 160,572 | 14.64 | % | $ | 43,872 | 4 | % | $ | 65,808 | 6 | % | |||||||||||||
Company: | $ | 163,470 | 14.9 | % | NA | NA | |||||||||||||||||||
Tier I capital (to leverage assets) | |||||||||||||||||||||||||
Bank: | $ | 160,572 | 11.29 | % | $ | 56,887 | 4 | % | $ | 71,109 | 5 | % | |||||||||||||
Company: | $ | 163,470 | 11.49 | % | NA | NA | |||||||||||||||||||
As of September 30, 2013: | |||||||||||||||||||||||||
Total capital (to risk weighted assets) | |||||||||||||||||||||||||
Bank: | $ | 174,025 | 16.16 | % | $ | 86,172 | 8 | % | $ | 107,715 | 10 | % | |||||||||||||
Company: | $ | 176,929 | 16.42 | % | NA | NA | |||||||||||||||||||
Tier I capital (to risk weighted assets) | |||||||||||||||||||||||||
Bank: | $ | 160,517 | 14.9 | % | $ | 43,086 | 4 | % | $ | 64,629 | 6 | % | |||||||||||||
Company: | $ | 163,421 | 15.16 | % | NA | NA | |||||||||||||||||||
Tier I capital (to leverage assets) | |||||||||||||||||||||||||
Bank: | $ | 160,517 | 11.36 | % | $ | 56,520 | 4 | % | $ | 70,650 | 5 | % | |||||||||||||
Company: | $ | 163,421 | 11.56 | % | NA | NA |
Basis_of_Presentation_Policies
Basis of Presentation (Policies) | 9 Months Ended | |||
Sep. 30, 2014 | ||||
Accounting Policies [Abstract] | ' | |||
Basis of Presentation | ' | |||
The accompanying consolidated financial statements have been prepared by the Company without audit and in conformity with generally accepted accounting principles in the United States of America for interim financial information. The consolidated financial statements include all adjustments and normal accruals, which the Company considers necessary for a fair presentation of the results of operations for such interim periods. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, as of the date of the balance sheets and income and expenses for the periods. Actual results could differ from those estimates. | ||||
The balance sheet data as of December 31, 2013, was derived from audited consolidated financial statements, but does not include all disclosures contained in the Company’s 2013 Form 10-K. The interim consolidated financial statements should be read in conjunction with the December 31, 2013, consolidated financial statements, including the notes thereto, included in the Company’s 2013 Form 10-K. | ||||
Loans | ' | |||
Loans are stated at the amount of unpaid principal net of loan premiums or discounts for purchased loans, net deferred loan origination fees, discounts associated with retained portions of loans sold, and an allowance for loan losses. Interest on loans is calculated using the simple-interest method on daily balances of the principal amount outstanding. Loan origination fees, net of origination costs and discounts, are amortized over the lives of the loans as adjustments to yield. | ||||
Allowance for Loan Losses | ' | |||
The allowance for loan losses is established as an amount that management considers adequate to absorb possible losses on existing loans within the portfolio. The allowance consists of general, specific, and unallocated components. The general component is based upon all loans collectively evaluated for impairment. The specific component is based upon all loans individually evaluated for impairment. The unallocated component represents credit losses inherent in the loan portfolio that may not have been contemplated in the general risk factors or the specific allowance analysis. Loans are charged against the allowance when management believes the collection of principal or interest is unlikely. | ||||
The Company performs regular credit reviews of the loan portfolio to determine the credit quality and adherence to underwriting standards. When loans are originated, they are assigned a risk rating that is reassessed periodically during the term of the loan through the credit review process and on an ongoing basis by management. The Company’s internal risk rating methodology assigns risk ratings ranging from one to ten, where a higher rating represents higher risk. The ten-point risk rating categories are a primary factor in determining an appropriate amount for the allowance for loan losses. | ||||
Estimated credit losses reflect consideration of all significant factors that affect the collectability of the loan portfolio. The historical loss rate for each group of loans with similar risk characteristics is determined based on the Company’s own loss experience in that group. Historical loss experience and recent trends in losses provide a reasonable starting point for analysis, however they do not by themselves form a sufficient basis to determine the appropriate level for the allowance for loan losses. Qualitative or environmental factors that are likely to cause estimated credit losses to differ from historical losses are also considered, including but not limited to: | ||||
• | Changes in international, regional, and local economic and business conditions and developments that affect the collectability of the portfolio, including the condition of various market segments, | |||
• | Changes in the nature and volume of the portfolio and in the terms of loans, | |||
• | Changes in the experience, ability, and depth of lending management and other relevant staff, | |||
• | Changes in the volume and severity of past due loans, the volume of nonaccrual loans, and the volume and severity of adversely classified or graded loans, | |||
• | Changes in the quality of the institution’s loan review system, | |||
• | Changes in the value of underlying collateral for collateral-dependent loans, | |||
• | The existence and effect of any concentrations of credit, and changes in the level of such concentrations, | |||
• | The effect of other external factors such as competition and legal and regulatory requirements on the level of estimated credit losses in the institution’s existing portfolio, | |||
• | Changes in lending policies and procedures, including changes in underwriting standards and collection, charge-off, and recovery practices not considered elsewhere in estimating credit losses, and | |||
• | Changes in the current and future US political environment, including debt ceiling negotiations, government shutdown and healthcare reform, that may affect national, regional and local economic conditions, taxation, or disruption of national or global financial markets. | |||
The adequacy of the allowance for loan losses and the reserve for unfunded commitments is determined using a systematic methodology and is monitored regularly based on management’s evaluation of numerous factors. For each portfolio segment, these factors include: | ||||
• | The quality of the current loan portfolio, | |||
• | The trend in the migration of the loan portfolio’s risk ratings, | |||
• | The velocity of migration of losses and potential losses, | |||
• | Current economic conditions, | |||
• | Loan concentrations, | |||
• | Loan growth rates, | |||
• | Past-due and nonperforming trends, | |||
• | Evaluation of specific loss estimates for all significant problem loans, | |||
• | Recovery experience, and | |||
• | Peer comparison loss rates. | |||
Fair Value Measurements | ' | |||
The Company also adheres to the FASB guidance with regards to ASC 820, “Fair Value Measures.” This guidance defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. The statement requires fair value measurement disclosure of all assets and liabilities that are carried at fair value on either a recurring or nonrecurring basis. The Company determines fair value based upon quoted prices when available or through the use of alternative approaches, such as matrix or model pricing, when market quotes are not readily accessible or available. The valuation techniques used are based on observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. These two types of inputs create the following fair value hierarchy: | ||||
• | Level 1 – Quoted prices for identical instruments in active markets. | |||
• | Level 2 – Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active or model-derived valuations whose inputs are observable or whose significant value drivers are observable. | |||
• | Level 3 – Unobservable inputs are used to measure fair value to the extent that observable inputs are not available. The Company’s own data used to develop unobservable inputs is adjusted for market consideration when reasonably available. | |||
Financial instruments, measured at fair value, are broken down in the tables below by recurring or nonrecurring measurement status. Recurring assets are initially measured at fair value and are required to be remeasured at fair value in the financial statements at each reporting date. Assets measured on a nonrecurring basis are assets that, due to an event or circumstance, were required to be remeasured at fair value after initial recognition in the financial statements at some time during the reporting period. | ||||
Derivative Instruments and Hedging Activities | ' | |||
Derivative instruments are entered into primarily as a risk management tool of the Company to help manage its interest rate risk position. Financial derivatives are recorded at fair value as other assets and other liabilities. The accounting for changes in the fair value of a derivative depends on whether it has been designated and qualifies as part of a hedging relationship. For a fair value hedge, changes in the fair value of the derivative instrument and changes in the fair value of the hedged asset or liability are recognized currently in earnings. For a cash flow hedge, changes in the fair value of the derivative instrument, to the extent that it is effective, are recorded in accumulated other comprehensive income and subsequently reclassified to earnings as the hedged transaction impacts net income. Any ineffective portion of a cash flow hedge is recognized currently in earnings. |
Securities_AvailableforSale_Ta
Securities Available-for-Sale (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Amortized Cost, Gross Unrealized Gains, Gross Unrealized Losses and Estimated Fair Values of Securities Available-for-Sale | ' | ||||||||||||||||||||||||
The amortized cost and estimated fair values of securities available-for-sale at September 30, 2014, were as follows: | |||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair | ||||||||||||||||||||||
Gains | Losses | Value | |||||||||||||||||||||||
Unrealized Loss Positions | |||||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 8,080 | $ | — | $ | (77 | ) | $ | 8,003 | ||||||||||||||||
Obligations of states and political subdivisions | 15,349 | — | (281 | ) | 15,068 | ||||||||||||||||||||
Private-label mortgage-backed securities | 877 | — | (55 | ) | 822 | ||||||||||||||||||||
Mortgage-backed securities | 65,356 | — | (758 | ) | 64,598 | ||||||||||||||||||||
SBA variable rate pools | 10,390 | — | (139 | ) | 10,251 | ||||||||||||||||||||
$ | 100,052 | $ | — | $ | (1,310 | ) | $ | 98,742 | |||||||||||||||||
Unrealized Gain Positions | |||||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 30,562 | $ | 383 | $ | — | $ | 30,945 | |||||||||||||||||
Obligations of states and political subdivisions | 64,816 | 3,104 | — | 67,920 | |||||||||||||||||||||
Private-label mortgage-backed securities | 3,178 | 127 | — | 3,305 | |||||||||||||||||||||
Mortgage-backed securities | 138,247 | 3,076 | — | 141,323 | |||||||||||||||||||||
SBA variable rate pools | 5,783 | 34 | — | 5,817 | |||||||||||||||||||||
$ | 242,586 | $ | 6,724 | $ | — | $ | 249,310 | ||||||||||||||||||
$ | 342,638 | $ | 6,724 | $ | (1,310 | ) | $ | 348,052 | |||||||||||||||||
The amortized cost and estimated fair values of securities available-for-sale at December 31, 2013, were as follows: | |||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Unrealized Loss Positions | |||||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 17,268 | $ | — | $ | (276 | ) | $ | 16,992 | ||||||||||||||||
Obligations of states and political subdivisions | 40,408 | — | (2,180 | ) | 38,228 | ||||||||||||||||||||
Private-label mortgage-backed securities | 2,679 | — | (245 | ) | 2,434 | ||||||||||||||||||||
Mortgage-backed securities | 103,851 | — | (1,928 | ) | 101,923 | ||||||||||||||||||||
SBA variable rate pools | 3,722 | — | (44 | ) | 3,678 | ||||||||||||||||||||
$ | 167,928 | $ | — | $ | (4,673 | ) | $ | 163,255 | |||||||||||||||||
Unrealized Gain Positions | |||||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 13,515 | $ | 340 | $ | — | $ | 13,855 | |||||||||||||||||
Obligations of states and political subdivisions | 39,210 | 1,357 | — | 40,567 | |||||||||||||||||||||
Private-label mortgage-backed securities | 2,790 | 90 | — | 2,880 | |||||||||||||||||||||
Mortgage-backed securities | 119,181 | 2,616 | — | 121,797 | |||||||||||||||||||||
SBA variable rate pools | 5,004 | 28 | — | 5,032 | |||||||||||||||||||||
$ | 179,700 | $ | 4,431 | $ | — | $ | 184,131 | ||||||||||||||||||
$ | 347,628 | $ | 4,431 | $ | (4,673 | ) | $ | 347,386 | |||||||||||||||||
The amortized cost and estimated fair values of securities available-for-sale at September 30, 2013, were as follows: | |||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair | ||||||||||||||||||||||
Gains | Losses | Value | |||||||||||||||||||||||
Unrealized Loss Positions | |||||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 8,109 | $ | — | $ | (119 | ) | $ | 7,990 | ||||||||||||||||
Obligations of states and political subdivisions | 39,036 | — | (2,230 | ) | 36,806 | ||||||||||||||||||||
Private-label mortgage-backed securities | 2,987 | — | (238 | ) | 2,749 | ||||||||||||||||||||
Mortgage-backed securities | 104,093 | — | (1,799 | ) | 102,294 | ||||||||||||||||||||
$ | 154,225 | $ | — | $ | (4,386 | ) | $ | 149,839 | |||||||||||||||||
Unrealized Gain Positions | |||||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 18,523 | $ | 387 | $ | — | $ | 18,910 | |||||||||||||||||
Obligations of states and political subdivisions | 41,056 | 1,503 | — | 42,559 | |||||||||||||||||||||
Private-label mortgage-backed securities | 3,300 | 107 | — | 3,407 | |||||||||||||||||||||
Mortgage-backed securities | 129,817 | 2,974 | — | 132,791 | |||||||||||||||||||||
$ | 192,696 | $ | 4,971 | $ | — | $ | 197,667 | ||||||||||||||||||
$ | 346,921 | $ | 4,971 | $ | (4,386 | ) | $ | 347,506 | |||||||||||||||||
Schedule of Investment Securities in Continuous Unrealized Loss Position | ' | ||||||||||||||||||||||||
The following table presents a summary of securities in a continuous unrealized loss position at September 30, 2014: | |||||||||||||||||||||||||
Securities in | Gross | Securities in | Gross | ||||||||||||||||||||||
Continuous | Unrealized Loss | Continuous | Unrealized Loss | ||||||||||||||||||||||
Unrealized | on Securities | Unrealized | on Securities | ||||||||||||||||||||||
Loss | in Loss | Loss | in Loss | ||||||||||||||||||||||
Position for | Position for | Position for | Position for | ||||||||||||||||||||||
Less Than | Less Than | 12 Months | 12 Months | ||||||||||||||||||||||
12 Months | 12 Months | or Longer | or Longer | ||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 5,061 | $ | 20 | $ | 2,941 | $ | 57 | |||||||||||||||||
Obligations of states and political subdivisions | 295 | 1 | 14,772 | 280 | |||||||||||||||||||||
Private-label mortgage-backed securities | 320 | 1 | 503 | 54 | |||||||||||||||||||||
Mortgage-backed securities | 32,898 | 151 | 31,701 | 607 | |||||||||||||||||||||
SBA variable rate pools | 10,251 | 139 | — | — | |||||||||||||||||||||
$ | 48,825 | $ | 312 | $ | 49,917 | $ | 998 | ||||||||||||||||||
At December 31, 2013, of the 445 investment securities held, there were 187 in unrealized loss positions. The following table presents a summary of securities in a continuous unrealized loss position at December 31, 2013: | |||||||||||||||||||||||||
Securities in | Gross | Securities in | Gross | ||||||||||||||||||||||
Continuous | Unrealized Loss | Continuous | Unrealized Loss | ||||||||||||||||||||||
Unrealized | on Securities | Unrealized | on Securities | ||||||||||||||||||||||
Loss | in Loss | Loss | in Loss | ||||||||||||||||||||||
Position for | Position for | Position for | Position for | ||||||||||||||||||||||
Less Than | Less Than | 12 Months | 12 Months | ||||||||||||||||||||||
12 Months | 12 Months | or Longer | or Longer | ||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 16,992 | $ | 276 | $ | — | $ | — | |||||||||||||||||
Obligations of states and political subdivisions | 36,873 | 2,053 | 1,356 | 127 | |||||||||||||||||||||
Private-label mortgage-backed securities | 1,256 | 44 | 1,178 | 201 | |||||||||||||||||||||
Mortgage-backed securities | 68,647 | 1,309 | 33,275 | 619 | |||||||||||||||||||||
SBA variable rate pools | 3,678 | 44 | — | — | |||||||||||||||||||||
$ | 127,446 | $ | 3,726 | $ | 35,809 | $ | 947 | ||||||||||||||||||
At September 30, 2013, of the 447 investments held, there were 184 investment securities in unrealized loss positions. The following table presents a summary of securities in a continuous unrealized loss position at September 30, 2013: | |||||||||||||||||||||||||
Securities in | Gross | Securities in | Gross | ||||||||||||||||||||||
Continuous | Unrealized Loss | Continuous | Unrealized Loss | ||||||||||||||||||||||
Unrealized | on Securities | Unrealized | on Securities | ||||||||||||||||||||||
Loss | in Loss | Loss | in Loss | ||||||||||||||||||||||
Position for | Position for | Position for | Position for | ||||||||||||||||||||||
Less Than | Less Than | 12 Months | 12 Months | ||||||||||||||||||||||
12 Months | 12 Months | or Longer | or Longer | ||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 7,990 | $ | 119 | $ | — | $ | — | |||||||||||||||||
Obligations of states and political subdivisions | 35,831 | 2,166 | 975 | 64 | |||||||||||||||||||||
Private-label mortgage-backed securities | 1,496 | 39 | 1,253 | 199 | |||||||||||||||||||||
Mortgage-backed securities | 76,814 | 1,254 | 25,480 | 545 | |||||||||||||||||||||
$ | 122,131 | $ | 3,578 | $ | 27,708 | $ | 808 | ||||||||||||||||||
Schedule of Roll-Forward Amount of Credit-Related OTTI | ' | ||||||||||||||||||||||||
Following is a tabular roll-forward of the amount of credit-related OTTI recognized in earnings during the three and nine months ended September 30, 2014, and 2013: | |||||||||||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
Balance, beginning of period: | $ | 227 | $ | 220 | $ | 227 | $ | 220 | |||||||||||||||||
Additions: | |||||||||||||||||||||||||
Initial OTTI credit loss | — | — | — | — | |||||||||||||||||||||
Balance, end of period: | $ | 227 | $ | 220 | $ | 227 | $ | 220 | |||||||||||||||||
Schedule of Amortized Cost and Fair Value of Securities Available-for-Sale | ' | ||||||||||||||||||||||||
The amortized cost and estimated fair value of securities at September 30, 2014, December 31, 2013, and September 30, 2013, by maturity are shown below. Obligations of U.S. government agencies and states and political subdivisions are shown by contractual maturity. Mortgage-backed securities and SBA variable pools are shown by projected average life. | |||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | September 30, 2013 | |||||||||||||||||||||||
Estimated | Estimated | Estimated | |||||||||||||||||||||||
Amortized | Fair | Amortized | Fair | Amortized | Fair | ||||||||||||||||||||
Cost | Value | Cost | Value | Cost | Value | ||||||||||||||||||||
Due in one year or less | $ | 12,824 | $ | 13,060 | $ | 18,707 | $ | 18,870 | $ | 17,285 | $ | 17,388 | |||||||||||||
Due after one year through 5 years | 214,577 | 217,088 | 217,713 | 219,375 | 179,366 | 181,527 | |||||||||||||||||||
Due after 5 years through 10 years | 76,484 | 78,143 | 66,103 | 65,432 | 140,288 | 139,523 | |||||||||||||||||||
Due after 10 years | 38,753 | 39,761 | 45,105 | 43,709 | 9,982 | 9,068 | |||||||||||||||||||
$ | 342,638 | $ | 348,052 | $ | 347,628 | $ | 347,386 | $ | 346,921 | $ | 347,506 | ||||||||||||||
Loans_Allowance_for_Loan_Losse1
Loans, Allowance for Loan Losses, and Credit Quality Indicators (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||
Summary of Loan Classifications | ' | ||||||||||||||||||||||||||||
Major classifications of period-end loans are as follows: | |||||||||||||||||||||||||||||
September 30, | % of Gross | December 31, | % of Gross | September 30, | % of Gross | ||||||||||||||||||||||||
2014 | Loans | 2013 | Loans | 2013 | Loans | ||||||||||||||||||||||||
Real estate loans | |||||||||||||||||||||||||||||
Multi-family residential | $ | 50,563 | 4.88 | % | $ | 46,217 | 4.65 | % | $ | 47,795 | 4.88 | % | |||||||||||||||||
Residential 1-4 family | 44,610 | 4.31 | % | 46,438 | 4.67 | % | 49,206 | 5.03 | % | ||||||||||||||||||||
Owner-occupied commercial | 249,657 | 24.1 | % | 249,311 | 25.06 | % | 244,828 | 25.02 | % | ||||||||||||||||||||
Nonowner-occupied commercial | 180,648 | 17.44 | % | 158,786 | 15.96 | % | 164,708 | 16.83 | % | ||||||||||||||||||||
Total permanent real estate loans | 525,478 | 50.73 | % | 500,752 | 50.34 | % | 506,537 | 51.76 | % | ||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
Multi-family residential | 19,178 | 1.85 | % | 23,419 | 2.35 | % | 22,929 | 2.34 | % | ||||||||||||||||||||
Residential 1-4 family | 35,421 | 3.42 | % | 26,512 | 2.67 | % | 29,880 | 3.05 | % | ||||||||||||||||||||
Commercial real estate | 32,946 | 3.18 | % | 30,516 | 3.07 | % | 24,106 | 2.46 | % | ||||||||||||||||||||
Commercial bare land and acquisition & development | 12,264 | 1.18 | % | 11,473 | 1.15 | % | 11,191 | 1.14 | % | ||||||||||||||||||||
Residential bare land and acquisition & development | 6,736 | 0.65 | % | 6,990 | 0.7 | % | 7,053 | 0.72 | % | ||||||||||||||||||||
Total construction real estate loans | 106,545 | 10.28 | % | 98,910 | 9.94 | % | 95,159 | 9.71 | % | ||||||||||||||||||||
Total real estate loans | 632,023 | 61.01 | % | 599,662 | 60.28 | % | 601,696 | 61.47 | % | ||||||||||||||||||||
Commercial loans | 398,702 | 38.49 | % | 390,301 | 39.24 | % | 372,129 | 38.02 | % | ||||||||||||||||||||
Consumer loans | 3,348 | 0.32 | % | 3,878 | 0.39 | % | 3,660 | 0.38 | % | ||||||||||||||||||||
Other loans | 1,802 | 0.18 | % | 928 | 0.09 | % | 1,188 | 0.13 | % | ||||||||||||||||||||
Gross loans | 1,035,875 | 100 | % | 994,769 | 100 | % | 978,673 | 100 | % | ||||||||||||||||||||
Deferred loan origination fees | (1,026 | ) | (924 | ) | (955 | ) | |||||||||||||||||||||||
1,034,849 | 993,845 | 977,718 | |||||||||||||||||||||||||||
Allowance for loan losses | (15,722 | ) | (15,917 | ) | (16,802 | ) | |||||||||||||||||||||||
Total loans, net of allowance for loan losses and net deferred fees | $ | 1,019,127 | $ | 977,928 | $ | 960,916 | |||||||||||||||||||||||
Summary of Allowance for Loan Losses Activity | ' | ||||||||||||||||||||||||||||
A summary of activity in the allowance for loan losses for the three and nine months ended September 30, 2014, and 2013 is as follows: | |||||||||||||||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Balance, beginning of period | $ | 15,675 | $ | 16,303 | $ | 15,917 | $ | 16,346 | |||||||||||||||||||||
Provision charged to income | — | — | — | 250 | |||||||||||||||||||||||||
Loans charged against allowance | (23 | ) | (221 | ) | (654 | ) | (1,049 | ) | |||||||||||||||||||||
Recoveries credited to allowance | 70 | 720 | 459 | 1,255 | |||||||||||||||||||||||||
Balance, end of period | $ | 15,722 | $ | 16,802 | $ | 15,722 | $ | 16,802 | |||||||||||||||||||||
Summary of Allowance for Credit Losses Activity by Loan Segment | ' | ||||||||||||||||||||||||||||
A summary of the activity in the allowance for loan losses by major loan classification follows: | |||||||||||||||||||||||||||||
For the three months ended September 30, 2014 | |||||||||||||||||||||||||||||
Commercial | Real Estate | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||||
and Other | |||||||||||||||||||||||||||||
Beginning balance | $ | 5,596 | $ | 7,429 | $ | 1,340 | $ | 59 | $ | 1,251 | $ | 15,675 | |||||||||||||||||
Charge-offs | — | (19 | ) | — | (4 | ) | — | (23 | ) | ||||||||||||||||||||
Recoveries | 67 | — | 3 | — | — | 70 | |||||||||||||||||||||||
Provision (reclassification) | (159 | ) | (151 | ) | 82 | (8 | ) | 236 | — | ||||||||||||||||||||
Ending balance | $ | 5,504 | $ | 7,259 | $ | 1,425 | $ | 47 | $ | 1,487 | $ | 15,722 | |||||||||||||||||
For the nine months ended September 30, 2014 | |||||||||||||||||||||||||||||
Commercial | Real Estate | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||||
and Other | |||||||||||||||||||||||||||||
Beginning balance | $ | 5,113 | $ | 7,668 | $ | 1,493 | $ | 68 | $ | 1,575 | $ | 15,917 | |||||||||||||||||
Charge-offs | (442 | ) | (49 | ) | (155 | ) | (8 | ) | — | (654 | ) | ||||||||||||||||||
Recoveries | 282 | 162 | 11 | 4 | — | 459 | |||||||||||||||||||||||
Provision (reclassification) | 551 | (522 | ) | 76 | (17 | ) | (88 | ) | — | ||||||||||||||||||||
Ending balance | $ | 5,504 | $ | 7,259 | $ | 1,425 | $ | 47 | $ | 1,487 | $ | 15,722 | |||||||||||||||||
At September 30, 2014, the allowance for loan losses on dental loans was $4,084 compared to $3,730 at December 31, 2013 and $2,688 at September 30, 2013. See Note 4 for additional information on the dental loan portfolio. | |||||||||||||||||||||||||||||
Balances as of September 30, 2014 | |||||||||||||||||||||||||||||
Commercial | Real Estate | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||||
and Other | |||||||||||||||||||||||||||||
Ending allowance: collectively evaluated for impairment | $ | 5,490 | $ | 7,255 | $ | 1,302 | $ | 47 | $ | 1,487 | $ | 15,581 | |||||||||||||||||
Ending allowance: individually evaluated for impairment | 14 | 4 | 123 | — | — | 141 | |||||||||||||||||||||||
Total ending allowance | $ | 5,504 | $ | 7,259 | $ | 1,425 | $ | 47 | $ | 1,487 | $ | 15,722 | |||||||||||||||||
Ending loan balance: collectively evaluated for impairment | $ | 397,609 | $ | 519,768 | $ | 106,184 | $ | 3,348 | $ | — | $ | 1,026,909 | |||||||||||||||||
Ending loan balance: individually evaluated for impairment | 2,895 | 5,710 | 361 | — | — | 8,966 | |||||||||||||||||||||||
Total ending loan balance | $ | 400,504 | $ | 525,478 | $ | 106,545 | $ | 3,348 | $ | — | $ | 1,035,875 | |||||||||||||||||
Balances as of December 31, 2013 | |||||||||||||||||||||||||||||
Commercial | Real Estate | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||||
and Other | |||||||||||||||||||||||||||||
Ending allowance: collectively evaluated for impairment | $ | 5,095 | $ | 7,667 | $ | 1,455 | $ | 68 | $ | 1,575 | $ | 15,860 | |||||||||||||||||
Ending allowance: individually evaluated for impairment | 18 | 1 | 38 | — | — | 57 | |||||||||||||||||||||||
Total ending allowance | $ | 5,113 | $ | 7,668 | $ | 1,493 | $ | 68 | $ | 1,575 | $ | 15,917 | |||||||||||||||||
Ending loan balance: collectively evaluated for impairment | $ | 386,332 | $ | 495,924 | $ | 98,627 | $ | 3,878 | $ | — | $ | 984,761 | |||||||||||||||||
Ending loan balance: individually evaluated for impairment | 4,897 | 4,828 | 283 | — | — | 10,008 | |||||||||||||||||||||||
Total ending loan balance | $ | 391,229 | $ | 500,752 | $ | 98,910 | $ | 3,878 | $ | — | $ | 994,769 | |||||||||||||||||
Balances as of September 30, 2013 | |||||||||||||||||||||||||||||
Commercial | Real Estate | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||||
and Other | |||||||||||||||||||||||||||||
Ending allowance: collectively evaluated for impairment | $ | 5,490 | $ | 8,043 | $ | 1,635 | $ | 70 | $ | 1,541 | $ | 16,779 | |||||||||||||||||
Ending allowance: individually evaluated for impairment | 21 | 2 | — | — | — | 23 | |||||||||||||||||||||||
Total ending allowance | $ | 5,511 | $ | 8,045 | $ | 1,635 | $ | 70 | $ | 1,541 | $ | 16,802 | |||||||||||||||||
Ending loan balance: collectively evaluated for impairment | $ | 368,944 | $ | 500,493 | $ | 94,876 | $ | 3,660 | $ | — | $ | 967,973 | |||||||||||||||||
Ending loan balance: individually evaluated for impairment | 4,373 | 6,044 | 283 | — | — | 10,700 | |||||||||||||||||||||||
Total ending loan balance | $ | 373,317 | $ | 506,537 | $ | 95,159 | $ | 3,660 | $ | — | $ | 978,673 | |||||||||||||||||
Credit Quality Indicators | ' | ||||||||||||||||||||||||||||
The following tables present the Company’s loan portfolio information by loan type and credit grade at September 30, 2014, December 31, 2013, and September 30, 2013: | |||||||||||||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||
Loan Grade | |||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Totals | |||||||||||||||||||||||||
Real estate loans | |||||||||||||||||||||||||||||
Multi-family residential | $ | 49,044 | $ | — | $ | 1,519 | $ | — | $ | 50,563 | |||||||||||||||||||
Residential 1-4 family | 36,819 | — | 7,791 | — | 44,610 | ||||||||||||||||||||||||
Owner-occupied commercial | 239,662 | 4,210 | 5,785 | — | 249,657 | ||||||||||||||||||||||||
Nonowner-occupied commercial | 176,696 | — | 3,952 | — | 180,648 | ||||||||||||||||||||||||
Total real estate loans | 502,221 | 4,210 | 19,047 | — | 525,478 | ||||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | 19,178 | — | — | — | 19,178 | ||||||||||||||||||||||||
Residential 1-4 family | 35,421 | — | — | — | 35,421 | ||||||||||||||||||||||||
Commercial real estate | 32,946 | — | — | — | 32,946 | ||||||||||||||||||||||||
Commercial bare land and acquisition & development | 12,028 | — | 236 | — | 12,264 | ||||||||||||||||||||||||
Residential bare land and acquisition & development | 5,993 | — | 743 | — | 6,736 | ||||||||||||||||||||||||
Total construction loans | 105,566 | — | 979 | — | 106,545 | ||||||||||||||||||||||||
Commercial and other | 388,470 | — | 12,034 | — | 400,504 | ||||||||||||||||||||||||
Consumer | 3,338 | — | 10 | — | 3,348 | ||||||||||||||||||||||||
Totals | $ | 999,595 | $ | 4,210 | $ | 32,070 | $ | — | $ | 1,035,875 | |||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
Loan Grade | |||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Totals | |||||||||||||||||||||||||
Real estate loans | |||||||||||||||||||||||||||||
Multi-family residential | $ | 44,677 | $ | — | $ | 1,540 | $ | — | $ | 46,217 | |||||||||||||||||||
Residential 1-4 family | 37,831 | — | 8,607 | — | 46,438 | ||||||||||||||||||||||||
Owner-occupied commercial | 239,539 | 4,278 | 5,494 | — | 249,311 | ||||||||||||||||||||||||
Nonowner-occupied commercial | 153,055 | — | 5,731 | — | 158,786 | ||||||||||||||||||||||||
Total real estate loans | 475,102 | 4,278 | 21,372 | — | 500,752 | ||||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | 23,419 | — | — | — | 23,419 | ||||||||||||||||||||||||
Residential 1-4 family | 26,145 | — | 367 | — | 26,512 | ||||||||||||||||||||||||
Commercial real estate | 28,978 | — | 1,538 | — | 30,516 | ||||||||||||||||||||||||
Commercial bare land and acquisition & development | 11,223 | — | 250 | — | 11,473 | ||||||||||||||||||||||||
Residential bare land and acquisition & development | 4,346 | — | 2,644 | — | 6,990 | ||||||||||||||||||||||||
Total construction loans | 94,111 | — | 4,799 | — | 98,910 | ||||||||||||||||||||||||
Commercial and other | 378,828 | — | 12,401 | — | 391,229 | ||||||||||||||||||||||||
Consumer | 3,856 | — | 22 | — | 3,878 | ||||||||||||||||||||||||
Totals | $ | 951,897 | $ | 4,278 | $ | 38,594 | $ | — | $ | 994,769 | |||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||
Loan Grade | |||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Totals | |||||||||||||||||||||||||
Real estate loans | |||||||||||||||||||||||||||||
Multi-family residential | $ | 46,487 | $ | — | $ | 1,308 | $ | — | $ | 47,795 | |||||||||||||||||||
Residential 1-4 family | 40,181 | — | 9,025 | — | 49,206 | ||||||||||||||||||||||||
Owner-occupied commercial | 234,794 | 4,297 | 5,737 | — | 244,828 | ||||||||||||||||||||||||
Nonowner-occupied commercial | 158,944 | — | 5,764 | — | 164,708 | ||||||||||||||||||||||||
Total real estate loans | 480,406 | 4,297 | 21,834 | — | 506,537 | ||||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | 22,929 | — | — | — | 22,929 | ||||||||||||||||||||||||
Residential 1-4 family | 29,683 | — | 197 | — | 29,880 | ||||||||||||||||||||||||
Commercial real estate | 22,548 | — | 1,558 | — | 24,106 | ||||||||||||||||||||||||
Commercial bare land and acquisition & development | 10,980 | — | 211 | — | 11,191 | ||||||||||||||||||||||||
Residential bare land and acquisition & development | 4,475 | — | 2,578 | — | 7,053 | ||||||||||||||||||||||||
Total construction loans | 90,615 | — | 4,544 | — | 95,159 | ||||||||||||||||||||||||
Commercial and other | 360,749 | — | 12,551 | 17 | 373,317 | ||||||||||||||||||||||||
Consumer | 3,630 | — | 30 | — | 3,660 | ||||||||||||||||||||||||
Totals | $ | 935,400 | $ | 4,297 | $ | 38,959 | $ | 17 | $ | 978,673 | |||||||||||||||||||
Aged Analysis of Dental Loans Receivable | ' | ||||||||||||||||||||||||||||
The following tables present an aging analysis of past due and nonaccrual loans at September 30, 2014, December 31, 2013, and September 30, 2013: | |||||||||||||||||||||||||||||
Age Analysis of Loans Receivable | |||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||
Greater | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Than 90 days | Total Past | ||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Due and | Total | Total Loans | ||||||||||||||||||||||||
Still Accruing | Still Accruing | Still Accruing | Nonaccrual | Nonaccrual | Current | Receivable | |||||||||||||||||||||||
Real estate loans | |||||||||||||||||||||||||||||
Multi-family residential | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 50,563 | $ | 50,563 | |||||||||||||||
Residential 1-4 family | 187 | — | — | 459 | 646 | 43,964 | 44,610 | ||||||||||||||||||||||
Owner-occupied commercial | 184 | — | — | 787 | 971 | 248,686 | 249,657 | ||||||||||||||||||||||
Nonowner-occupied commercial | — | — | — | 1,245 | 1,245 | 179,403 | 180,648 | ||||||||||||||||||||||
Total real estate loans | 371 | — | — | 2,491 | 2,862 | 522,616 | 525,478 | ||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | 19,178 | 19,178 | ||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | — | 35,421 | 35,421 | ||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | 32,946 | 32,946 | ||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | — | 12,264 | 12,264 | ||||||||||||||||||||||
Residential bare land and acquisition & development | — | — | — | — | — | 6,736 | 6,736 | ||||||||||||||||||||||
Total construction loans | — | — | — | — | — | 106,545 | 106,545 | ||||||||||||||||||||||
Commercial and other | 1,269 | — | — | 762 | 2,031 | 398,473 | 400,504 | ||||||||||||||||||||||
Consumer | 12 | — | — | — | 12 | 3,336 | 3,348 | ||||||||||||||||||||||
Total | $ | 1,652 | $ | — | $ | — | $ | 3,253 | $ | 4,905 | $ | 1,030,970 | $ | 1,035,875 | |||||||||||||||
Age Analysis of Loans Receivable | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
Greater | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Than 90 days | Total Past | ||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Due and | Total | Total Loans | ||||||||||||||||||||||||
Still Accruing | Still Accruing | Still Accruing | Nonaccrual | Nonaccrual | Current | Receivable | |||||||||||||||||||||||
Real estate loans | |||||||||||||||||||||||||||||
Multi-family residential | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 46,217 | $ | 46,217 | |||||||||||||||
Residential 1-4 family | 137 | — | — | 636 | 773 | 45,665 | 46,438 | ||||||||||||||||||||||
Owner-occupied commercial | 488 | — | — | 1,685 | 2,173 | 247,138 | 249,311 | ||||||||||||||||||||||
Nonowner-occupied commercial | 1,188 | — | — | 136 | 1,324 | 157,462 | 158,786 | ||||||||||||||||||||||
Total real estate loans | 1,813 | — | — | 2,457 | 4,270 | 496,482 | 500,752 | ||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | 23,419 | 23,419 | ||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | — | 26,512 | 26,512 | ||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | 30,516 | 30,516 | ||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | — | 11,473 | 11,473 | ||||||||||||||||||||||
Residential bare land and acquisition & development | — | — | — | — | — | 6,990 | 6,990 | ||||||||||||||||||||||
Total construction loans | — | — | — | — | — | 98,910 | 98,910 | ||||||||||||||||||||||
Commercial and other | 436 | — | — | 2,886 | 3,322 | 387,907 | 391,229 | ||||||||||||||||||||||
Consumer | 5 | 1 | — | — | 6 | 3,872 | 3,878 | ||||||||||||||||||||||
Total | $ | 2,254 | $ | 1 | $ | — | $ | 5,343 | $ | 7,598 | $ | 987,171 | $ | 994,769 | |||||||||||||||
Age Analysis of Loans Receivable | |||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||
Greater | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Than 90 days | Total Past | ||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Due and | Total | Total Loans | ||||||||||||||||||||||||
Still Accruing | Still Accruing | Still Accruing | Nonaccrual | Nonaccrual | Current | Receivable | |||||||||||||||||||||||
Real estate loans | |||||||||||||||||||||||||||||
Multi-family residential | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 47,795 | $ | 47,795 | |||||||||||||||
Residential 1-4 family | — | — | — | 1,206 | 1,206 | 48,000 | 49,206 | ||||||||||||||||||||||
Owner-occupied commercial | 166 | 166 | — | 2,235 | 2,567 | 242,261 | 244,828 | ||||||||||||||||||||||
Nonowner-occupied commercial | 1,096 | 559 | — | 139 | 1,794 | 162,914 | 164,708 | ||||||||||||||||||||||
Total real estate loans | 1,262 | 725 | — | 3,580 | 5,567 | 500,970 | 506,537 | ||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | 22,929 | 22,929 | ||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | — | 29,880 | 29,880 | ||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | 24,106 | 24,106 | ||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | — | 11,191 | 11,191 | ||||||||||||||||||||||
Residential bare land and acquisition & development | — | — | — | — | — | 7,053 | 7,053 | ||||||||||||||||||||||
Total construction loans | — | — | — | — | — | 95,159 | 95,159 | ||||||||||||||||||||||
Commercial and other | 1,292 | 325 | — | 2,361 | 3,978 | 369,339 | 373,317 | ||||||||||||||||||||||
Consumer | 5 | — | — | — | 5 | 3,655 | 3,660 | ||||||||||||||||||||||
Total | $ | 2,559 | $ | 1,050 | $ | — | $ | 5,941 | $ | 9,550 | $ | 969,123 | $ | 978,673 | |||||||||||||||
Analysis of Impaired Loans | ' | ||||||||||||||||||||||||||||
The following tables display an analysis of the Company’s impaired loans at September 30, 2014, December 31, 2013, and September 30, 2013: | |||||||||||||||||||||||||||||
Impaired Loan Analysis | |||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Investment | Investment | Related | |||||||||||||||||||||||||||
With No Specific | With Specific | Unpaid | Average | Specific | |||||||||||||||||||||||||
Allowance | Allowance | Recorded | Principal | Recorded | Allowance | ||||||||||||||||||||||||
Valuation | Valuation | Investment | Balance | Investment | Valuation | ||||||||||||||||||||||||
Real estate | |||||||||||||||||||||||||||||
Multi-family residential | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Residential 1-4 family | 709 | 315 | 1,024 | 1,350 | 1,183 | 4 | |||||||||||||||||||||||
Owner-occupied commercial | 1,843 | — | 1,843 | 2,076 | 2,636 | — | |||||||||||||||||||||||
Nonowner-occupied commercial | 2,843 | — | 2,843 | 2,862 | 1,685 | — | |||||||||||||||||||||||
Total real estate loans | 5,395 | 315 | 5,710 | 6,288 | 5,504 | 4 | |||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | — | |||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | — | — | |||||||||||||||||||||||
Residential bare land and acquisition & development | — | 361 | 361 | 361 | 370 | 123 | |||||||||||||||||||||||
Total construction loans | — | 361 | 361 | 361 | 370 | 123 | |||||||||||||||||||||||
Commercial and other | 2,377 | 518 | 2,895 | 3,200 | 4,405 | 14 | |||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||
Total impaired loans | $ | 7,772 | $ | 1,194 | $ | 8,966 | $ | 9,849 | $ | 10,279 | $ | 141 | |||||||||||||||||
Impaired Loan Analysis | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Investment | Investment | Related | |||||||||||||||||||||||||||
With No Specific | With Specific | Unpaid | Average | Specific | |||||||||||||||||||||||||
Allowance | Allowance | Recorded | Principal | Recorded | Allowance | ||||||||||||||||||||||||
Valuation | Valuation | Investment | Balance | Investment | Valuation | ||||||||||||||||||||||||
Real estate | |||||||||||||||||||||||||||||
Multi-family residential | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Residential 1-4 family | 912 | 317 | 1,229 | 1,633 | 2,229 | 1 | |||||||||||||||||||||||
Owner-occupied commercial | 2,767 | — | 2,767 | 3,000 | 3,359 | — | |||||||||||||||||||||||
Nonowner-occupied commercial | 832 | — | 832 | 835 | 799 | — | |||||||||||||||||||||||
Total real estate loans | 4,511 | 317 | 4,828 | 5,468 | 6,387 | 1 | |||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | — | |||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | 133 | — | |||||||||||||||||||||||
Residential bare land and acquisition & development | — | 283 | 283 | 373 | 413 | 38 | |||||||||||||||||||||||
Total construction loans | — | 283 | 283 | 373 | 546 | 38 | |||||||||||||||||||||||
Commercial and other | 4,368 | 529 | 4,897 | 10,627 | 4,100 | 18 | |||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||
Total impaired loans | $ | 8,879 | $ | 1,129 | $ | 10,008 | $ | 16,468 | $ | 11,033 | $ | 57 | |||||||||||||||||
Impaired Loan Analysis | |||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||
Recorded | Recorded | Recorded | Unpaid | Average | Related | ||||||||||||||||||||||||
Investment | Investment | Investment | Principal | Recorded | Specific | ||||||||||||||||||||||||
With No Specific | With Specific | Balance | Investment | Allowance | |||||||||||||||||||||||||
Allowance | Allowance | Valuation | |||||||||||||||||||||||||||
Valuation | Valuation | ||||||||||||||||||||||||||||
Real estate | |||||||||||||||||||||||||||||
Multi-family residential | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Residential 1-4 family | 1,489 | 318 | 1,807 | 2,158 | 2,491 | 2 | |||||||||||||||||||||||
Owner-occupied commercial | 3,329 | — | 3,329 | 3,800 | 3,551 | — | |||||||||||||||||||||||
Nonowner-occupied commercial | 908 | — | 908 | 908 | 786 | — | |||||||||||||||||||||||
Total real estate loans | 5,726 | 318 | 6,044 | 6,866 | 6,828 | 2 | |||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | — | |||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | 178 | — | |||||||||||||||||||||||
Residential bare land and acquisition & development | 283 | — | 283 | 283 | 457 | — | |||||||||||||||||||||||
Total construction loans | 283 | — | 283 | 283 | 635 | — | |||||||||||||||||||||||
Commercial and other | 3,839 | 534 | 4,373 | 9,475 | 3,616 | 21 | |||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||
Total impaired loans | $ | 9,848 | $ | 852 | $ | 10,700 | $ | 16,624 | $ | 11,079 | $ | 23 | |||||||||||||||||
Schedule of Troubled Debt Restructurings by Class | ' | ||||||||||||||||||||||||||||
The following table displays the Company’s TDRs by class at September 30, 2014, December 31, 2013, and September 30, 2013: | |||||||||||||||||||||||||||||
Troubled Debt Restructurings as of | |||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | September 30, 2013 | |||||||||||||||||||||||||||
Number of | Post-Modification | Number of | Post-Modification | Number of | Post-Modification | ||||||||||||||||||||||||
Contracts | Outstanding Recorded | Contracts | Outstanding Recorded | Contracts | Outstanding Recorded | ||||||||||||||||||||||||
Investment | Investment | Investment | |||||||||||||||||||||||||||
Real estate | |||||||||||||||||||||||||||||
Multifamily residential | — | $ | — | — | $ | — | — | $ | — | ||||||||||||||||||||
Residential 1-4 family | 7 | 781 | 7 | 819 | 8 | 1,108 | |||||||||||||||||||||||
Owner-occupied commercial | 4 | 1,244 | 5 | 1,949 | 5 | 1,973 | |||||||||||||||||||||||
Non owner-occupied commercial | 6 | 2,843 | 2 | 714 | 2 | 698 | |||||||||||||||||||||||
Total real estate loans | 17 | 4,868 | 14 | 3,482 | 15 | 3,779 | |||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multifamily residential | — | — | — | — | — | — | |||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | — | — | |||||||||||||||||||||||
Residential bare land and acquisition & development | — | — | — | — | — | — | |||||||||||||||||||||||
Total construction loans | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial and other | 11 | 2,527 | 10 | 2,379 | 11 | 2,406 | |||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 28 | $ | 7,395 | 24 | $ | 5,861 | 26 | $ | 6,185 | ||||||||||||||||||||
Schedule of Restructured Loans | ' | ||||||||||||||||||||||||||||
The following tables present newly restructured loans that occurred during the nine months ended September 30, 2014, and 2013, respectively: | |||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
Identified During the Nine Months ended September 30, 2014 | |||||||||||||||||||||||||||||
Rate | Term | Interest-only | Combination | ||||||||||||||||||||||||||
Modification | Modification | Modification | Modification | ||||||||||||||||||||||||||
Real estate | |||||||||||||||||||||||||||||
Multi-family residential | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Residential 1-4 family | — | — | — | — | |||||||||||||||||||||||||
Owner-occupied commercial | — | — | — | — | |||||||||||||||||||||||||
Nonowner-occupied commercial | — | 1,598 | 548 | — | |||||||||||||||||||||||||
Total real estate loans | — | 1,598 | 548 | — | |||||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | |||||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | |||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | |||||||||||||||||||||||||
Residential bare land and acquisition & development | — | — | — | — | |||||||||||||||||||||||||
Total construction loans | — | — | — | — | |||||||||||||||||||||||||
Commercial and other | — | 276 | 570 | — | |||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||
Total | $ | — | $ | 1,874 | $ | 1,118 | $ | — | |||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
Identified During the Nine Months ended September 30, 2013 | |||||||||||||||||||||||||||||
Rate | Term | Interest-only | Combination | ||||||||||||||||||||||||||
Modification | Modification | Modification | Modification | ||||||||||||||||||||||||||
Real estate | |||||||||||||||||||||||||||||
Multi-family residential | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Residential 1-4 family | 318 | — | — | 274 | |||||||||||||||||||||||||
Owner-occupied commercial | — | — | — | — | |||||||||||||||||||||||||
Nonowner-occupied commercial | 559 | — | — | — | |||||||||||||||||||||||||
Total real estate loans | 877 | — | — | 274 | |||||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | |||||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | |||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | |||||||||||||||||||||||||
Residential bare land and acquisition & development | — | — | — | — | |||||||||||||||||||||||||
Total construction loans | — | — | — | — | |||||||||||||||||||||||||
Commercial and other | — | 778 | 524 | 680 | |||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 877 | $ | 778 | $ | 524 | $ | 954 | |||||||||||||||||||||
Schedule of Troubled Debt Restructurings that Subsequently Defaulted | ' | ||||||||||||||||||||||||||||
The following table presents loans receivable modified as TDRs that subsequently defaulted within the first twelve months of restructure during the period: | |||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
that Subsequently Defaulted During | |||||||||||||||||||||||||||||
the Nine Months ended September 30, | |||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||||||
Contracts | Investment | Contracts | Investment | ||||||||||||||||||||||||||
Real estate | |||||||||||||||||||||||||||||
Multi-family residential | — | $ | — | — | $ | — | |||||||||||||||||||||||
Residential 1-4 family | — | — | 1 | 274 | |||||||||||||||||||||||||
Owner-occupied commercial | — | — | 1 | 303 | |||||||||||||||||||||||||
Nonowner-occupied commercial | — | — | 1 | 559 | |||||||||||||||||||||||||
Total real estate loans | — | — | 3 | 1,136 | |||||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | |||||||||||||||||||||||||
Residential 1-4 family | — | — | — | — | |||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||
Commercial bare land and acquisition & development | — | — | — | — | |||||||||||||||||||||||||
Residential bare land and acquisition & development | — | — | — | — | |||||||||||||||||||||||||
Total construction loans | — | — | — | — | |||||||||||||||||||||||||
Commercial and other | — | — | 4 | 289 | |||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||
Total | — | $ | — | 7 | $ | 1,425 | |||||||||||||||||||||||
Dental Loan [Member] | ' | ||||||||||||||||||||||||||||
Credit Quality Indicators | ' | ||||||||||||||||||||||||||||
The following tables present the Company’s dental loan portfolio by market and credit grade at September 30, 2014, December 31, 2013, and September 30, 2013: | |||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||
Loan Grade | |||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Totals | |||||||||||||||||||||||||
Local | $ | 160,184 | $ | — | $ | 4,087 | $ | — | $ | 164,271 | |||||||||||||||||||
National | 141,634 | — | 1,183 | — | 142,817 | ||||||||||||||||||||||||
Total | $ | 301,818 | $ | — | $ | 5,270 | $ | — | $ | 307,088 | |||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
Loan Grade | |||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Totals | |||||||||||||||||||||||||
Local | $ | 172,708 | $ | — | $ | 5,965 | $ | — | $ | 178,673 | |||||||||||||||||||
National | 127,842 | — | 753 | — | 128,595 | ||||||||||||||||||||||||
Total | $ | 300,550 | $ | — | $ | 6,718 | $ | — | $ | 307,268 | |||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||
Loan Grade | |||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Totals | |||||||||||||||||||||||||
Local | $ | 175,602 | $ | — | $ | 5,794 | $ | — | $ | 181,396 | |||||||||||||||||||
National | 121,757 | — | 758 | — | 122,515 | ||||||||||||||||||||||||
Total | $ | 297,359 | $ | — | $ | 6,552 | $ | — | $ | 303,911 | |||||||||||||||||||
Aged Analysis of Dental Loans Receivable | ' | ||||||||||||||||||||||||||||
The following tables present an aged analysis of the dental loan portfolio by market, including nonaccrual loans, as of September 30, 2014, December 31, 2013, and September 30, 2013: | |||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||
Greater | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Than 90 Days | Total Past | ||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Due and | Total | Total Loans | ||||||||||||||||||||||||
Still Accruing | Still Accruing | Still Accruing | Nonaccrual | Nonaccrual | Current | Receivable | |||||||||||||||||||||||
Local | $ | 601 | $ | — | $ | — | $ | 119 | $ | 720 | $ | 163,551 | $ | 164,271 | |||||||||||||||
National | — | — | — | 222 | 222 | 142,595 | 142,817 | ||||||||||||||||||||||
Total | $ | 601 | $ | — | $ | — | $ | 341 | $ | 942 | $ | 306,146 | $ | 307,088 | |||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
Greater | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Than 90 Days | Total Past | ||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Due and | Total | Total Loans | ||||||||||||||||||||||||
Still Accruing | Still Accruing | Still Accruing | Nonaccrual | Nonaccrual | Current | Receivable | |||||||||||||||||||||||
Local | $ | — | $ | — | $ | — | $ | 2,176 | $ | 2,176 | $ | 176,497 | $ | 178,673 | |||||||||||||||
National | — | — | — | 224 | 224 | 128,371 | 128,595 | ||||||||||||||||||||||
Total | $ | — | $ | — | $ | — | $ | 2,400 | $ | 2,400 | $ | 304,868 | $ | 307,268 | |||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||
Greater | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Than 90 Days | Total Past | ||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Due and | Total | Total Loans | ||||||||||||||||||||||||
Still Accruing | Still Accruing | Still Accruing | Nonaccrual | Nonaccrual | Current | Receivable | |||||||||||||||||||||||
Local | $ | 1,292 | $ | 346 | $ | — | $ | 1,225 | $ | 2,863 | $ | 178,533 | $ | 181,396 | |||||||||||||||
National | — | — | — | 224 | 224 | 122,291 | 122,515 | ||||||||||||||||||||||
Total | $ | 1,292 | $ | 346 | $ | — | $ | 1,449 | $ | 3,087 | $ | 300,824 | $ | 303,911 | |||||||||||||||
Dental_Loan_Portfolio_Tables
Dental Loan Portfolio (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||
Major Classifications of Dental Loans | ' | ||||||||||||||||
Major classifications of dental loans at September 30, 2014, December 31, 2013, and September 30, 2013, were as follows: | |||||||||||||||||
September 30, | December 31, | September 30, | |||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||
Real estate secured loans: | |||||||||||||||||
Owner-occupied commercial | $ | 60,871 | $ | 59,279 | $ | 59,868 | |||||||||||
Other dental real estate loans | 2,600 | 1,967 | 2,021 | ||||||||||||||
Total permanent real estate loans | 63,471 | 61,246 | 61,889 | ||||||||||||||
Dental construction loans | 416 | 5,810 | 5,186 | ||||||||||||||
Total real estate loans | 63,887 | 67,056 | 67,075 | ||||||||||||||
Commercial loans | 243,201 | 240,212 | 236,836 | ||||||||||||||
Gross loans | $ | 307,088 | $ | 307,268 | $ | 303,911 | |||||||||||
Dental Loan Total by Market | ' | ||||||||||||||||
The following table summarizes the Company’s dental lending by borrower location: | |||||||||||||||||
September 30, | December 31, | September 30, | |||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||
Local | $ | 164,271 | $ | 178,673 | $ | 181,396 | |||||||||||
National | 142,817 | 128,595 | 122,515 | ||||||||||||||
Total | $ | 307,088 | $ | 307,268 | $ | 303,911 | |||||||||||
Dental Portfolio Allowance Activity | ' | ||||||||||||||||
The specific component is based upon dental loans individually evaluated for impairment. | |||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Balance, beginning of period | $ | 4,136 | $ | 3,522 | $ | 3,730 | $ | 2,683 | |||||||||
Provision (reclassification) | (82 | ) | (854 | ) | 713 | 382 | |||||||||||
Loans charged against allowance | (19 | ) | — | (466 | ) | (444 | ) | ||||||||||
Recoveries credited to allowance | 49 | 20 | 107 | 67 | |||||||||||||
Balance, end of period | $ | 4,084 | $ | 2,688 | $ | 4,084 | $ | 2,688 | |||||||||
Federal_Home_Loan_Bank_Borrowi1
Federal Home Loan Bank Borrowings (Tables) | 9 Months Ended | ||||||||||||||
Sep. 30, 2014 | |||||||||||||||
Banking and Thrift [Abstract] | ' | ||||||||||||||
Federal Home Loan Bank Borrowings by Year of Maturity and Applicable Interest Rate | ' | ||||||||||||||
Current | September 30, | December 31, | September 30, | ||||||||||||
Rates | 2014 | 2013 | 2013 | ||||||||||||
Cash management advance | NA | $ | — | $ | — | $ | — | ||||||||
2013 | — | — | — | 104,000 | |||||||||||
2014 | 0.21% - 0.30% | 104,000 | 119,000 | — | |||||||||||
2015 | 0.60% - 1.60% | 13,500 | 13,500 | 13,500 | |||||||||||
2016 | 1.84% - 2.36% | 22,500 | 22,500 | 22,500 | |||||||||||
2017 | 2.28% | 3,000 | 3,000 | 3,000 | |||||||||||
2018 | — | — | — | — | |||||||||||
Thereafter | 3.85% | 2,000 | 2,000 | 2,000 | |||||||||||
$ | 145,000 | $ | 160,000 | $ | 145,000 | ||||||||||
ShareBased_Compensation_Tables
Share-Based Compensation (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||||
Summary of Shares and Grant-Date Fair Market Values | ' | ||||||||||||||||||||
The following table summarizes the shares and the grant-date fair market values of the equity-based awards granted during the nine months ended September 30, 2014, and 2013: | |||||||||||||||||||||
Nine months ended | |||||||||||||||||||||
September 30, | |||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||
Shares | Fair Market | Shares | Fair Market | ||||||||||||||||||
Value | Value | ||||||||||||||||||||
Equity-based awards: | |||||||||||||||||||||
Director restricted stock | 14,996 | $ | 200 | 10,179 | $ | 110 | |||||||||||||||
Employee stock options | — | — | — | — | |||||||||||||||||
Employee stock SARs | — | — | — | — | |||||||||||||||||
Employee RSUs | 127,051 | 1,679 | 145,420 | 1,366 | |||||||||||||||||
142,047 | $ | 1,879 | 155,599 | $ | 1,476 | ||||||||||||||||
Summary of Restricted Stock Unit Activity | ' | ||||||||||||||||||||
The following table provides a summary of the Company’s RSU activity, including the weighted average grant date fair value, for the six months ended September 30, 2014: | |||||||||||||||||||||
Nine months ended | |||||||||||||||||||||
September 30, 2014 | |||||||||||||||||||||
Non-Vested | Weighted Average | ||||||||||||||||||||
Restricted Stock | Grant Date Fair | ||||||||||||||||||||
Units | Value | ||||||||||||||||||||
Balance, beginning of period | 299,696 | $ | 9.79 | ||||||||||||||||||
Granted | 127,051 | 13.21 | |||||||||||||||||||
Vested shares issued | (58,518 | ) | 9.65 | ||||||||||||||||||
Vested shares surrendered for taxes | (36,384 | ) | 9.65 | ||||||||||||||||||
Forfeited or expired | (17,682 | ) | 10.49 | ||||||||||||||||||
Balance, end of period | 314,163 | $ | 11.18 | ||||||||||||||||||
Schedule of Compensation Expenses and Tax Benefits | ' | ||||||||||||||||||||
The following table identifies the compensation expense recorded and tax benefits received by the Company on its share-based compensation plans for the three and nine months ended September 30, 2014, and 2013: | |||||||||||||||||||||
Three months ended | |||||||||||||||||||||
September 30, | |||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||
Compensation | Tax Benefit | Compensation | Tax Benefit | ||||||||||||||||||
Expense | Expense | ||||||||||||||||||||
Equity-based awards: | |||||||||||||||||||||
Director restricted stock | $ | — | $ | — | $ | — | $ | — | |||||||||||||
Employee stock options | — | — | 13 | — | |||||||||||||||||
Employee stock SARs | — | — | 27 | 10 | |||||||||||||||||
Employee RSUs | 327 | 124 | 229 | 87 | |||||||||||||||||
Liability-based awards: | |||||||||||||||||||||
Employee cash SARs | 5 | 2 | 10 | 4 | |||||||||||||||||
$ | 332 | $ | 126 | $ | 279 | $ | 101 | ||||||||||||||
Nine months ended | |||||||||||||||||||||
September 30, | |||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||
Compensation | Tax Benefit | Compensation | Tax Benefit | ||||||||||||||||||
Expense | Expense | ||||||||||||||||||||
Equity-based awards: | |||||||||||||||||||||
Director restricted stock | $ | 200 | $ | 76 | $ | 110 | $ | 39 | |||||||||||||
Employee stock options | 13 | — | 56 | — | |||||||||||||||||
Employee stock SARs | 26 | 10 | 100 | 38 | |||||||||||||||||
Employee RSUs | 888 | 337 | 601 | 228 | |||||||||||||||||
Liability-based awards: | |||||||||||||||||||||
Employee cash SARs | 75 | 29 | 10 | 4 | |||||||||||||||||
$ | 1,202 | $ | 452 | $ | 877 | $ | 309 | ||||||||||||||
Summary of Stock Options, Employee Stock SARs, and Employee Cash SARs Exercised | ' | ||||||||||||||||||||
The following table identifies stock options, employee stock SARs, and employee cash SARs exercised during the three and nine months ended September 30, 2014: | |||||||||||||||||||||
Three months ended | |||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||
Number | Weighted | Intrinsic | Number of | Net Cash | |||||||||||||||||
Exercised | Average | Value | Shares | Payment to | |||||||||||||||||
Exercise | Issued | Employees | |||||||||||||||||||
Price | |||||||||||||||||||||
Stock options | — | $ | — | $ | — | — | NA | ||||||||||||||
Employee stock SARs | 2,901 | $ | 11.72 | $ | 3 | 234 | NA | ||||||||||||||
Employee cash SARs | 1,417 | $ | 12.07 | NA | NA | $ | 1 | ||||||||||||||
Nine months ended | |||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||
Number | Weighted | Intrinsic | Number of | Net Cash | |||||||||||||||||
Exercised | Average | Value | Shares | Payment to | |||||||||||||||||
Exercise | Issued | Employees | |||||||||||||||||||
Price | |||||||||||||||||||||
Stock options | 16,779 | $ | 11 | $ | 57 | — | NA | ||||||||||||||
Employee stock SARs | 17,151 | $ | 11.84 | $ | 28 | 1,876 | NA | ||||||||||||||
Employee cash SARs | 8,055 | $ | 12.18 | NA | NA | $ | 10 | ||||||||||||||
The following table identifies stock options, employee stock SARs, and employee cash SARs exercised during the three and nine months ended September 30, 2013: | |||||||||||||||||||||
Three months ended | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
Number | Weighted | Intrinsic | Number of | Net Cash | |||||||||||||||||
Exercised | Average | Value | Shares | Payment to | |||||||||||||||||
Exercise | Issued | Employees | |||||||||||||||||||
Price | |||||||||||||||||||||
Stock options | — | $ | — | $ | — | — | NA | ||||||||||||||
Employee stock SARs | 4,664 | $ | 11.78 | $ | 4 | 306 | NA | ||||||||||||||
Employee cash SARs | 845 | $ | 12.07 | NA | NA | $ | 1 | ||||||||||||||
Nine months ended | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
Number | Weighted | Intrinsic | Number of | Net Cash | |||||||||||||||||
Exercised | Average | Value | Shares | Payment to | |||||||||||||||||
Exercise | Issued | Employees | |||||||||||||||||||
Price | |||||||||||||||||||||
Stock options | — | $ | — | $ | — | — | NA | ||||||||||||||
Employee stock SARs | 4,664 | $ | 11.78 | $ | 4 | 306 | NA | ||||||||||||||
Employee cash SARs | 845 | $ | 12.07 | NA | NA | $ | 1 |
Fair_Value_Tables
Fair Value (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||||||
Estimated Fair Values of Financial Instruments | ' | ||||||||||||||||||||||||
The following table presents estimated fair values of the Company’s financial instruments as of September 30, 2014, December 31, 2013, and September 30, 2013, in accordance with the provisions of FASB ASC 825 “Financial Instruments.” The use of different assumptions and estimation methods could have a significant effect on the reported fair value amounts. Accordingly, the estimates of fair value herein are not necessarily indicative of the amounts that might be realized in a current market exchange. | |||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | September 30, 2013 | |||||||||||||||||||||||
Carrying | Carrying | Carrying | |||||||||||||||||||||||
Amount | Fair Value | Amount | Fair Value | Amount | Fair Value | ||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 24,512 | $ | 24,512 | $ | 21,108 | $ | 21,108 | $ | 42,609 | $ | 42,609 | |||||||||||||
Securities available-for-sale | 348,052 | 348,052 | 347,386 | 347,386 | 347,506 | 347,506 | |||||||||||||||||||
Loans | 1,034,849 | 1,019,916 | 993,845 | 980,334 | 977,718 | 967,188 | |||||||||||||||||||
Federal Home Loan Bank stock | 10,125 | 10,125 | 10,425 | 10,425 | 10,523 | 10,523 | |||||||||||||||||||
Interest receivable | 4,759 | 4,759 | 4,703 | 4,703 | 4,608 | 4,608 | |||||||||||||||||||
Bank-owned life insurance | 16,488 | 16,488 | 16,136 | 16,136 | 16,008 | 16,008 | |||||||||||||||||||
Swap derivative | 275 | 275 | 405 | 405 | 313 | 313 | |||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||
Deposits | $ | 1,145,235 | $ | 1,145,558 | $ | 1,090,981 | $ | 1,091,355 | $ | 1,117,529 | $ | 1,117,840 | |||||||||||||
Federal funds and overnight funds purchased | 670 | 670 | 5,150 | 5,150 | — | — | |||||||||||||||||||
Federal Home Loan Bank borrowings | 145,000 | 145,818 | 160,000 | 160,984 | 145,000 | 146,032 | |||||||||||||||||||
Junior subordinated debentures | 8,248 | 2,365 | 8,248 | 2,265 | 8,248 | 2,235 | |||||||||||||||||||
Accrued interest payable | 194 | 194 | 193 | 193 | 195 | 195 | |||||||||||||||||||
Fair Value Hierarchy for Assets and Liabilities Not Measured at Fair Value | ' | ||||||||||||||||||||||||
The following table presents information about the level in the fair value hierarchy for the Company’s assets and liabilities not measured and carried at fair value as of September 30, 2014, December 31, 2013, and September 30, 2013: | |||||||||||||||||||||||||
Carrying | Fair Value at September 30, 2014 | ||||||||||||||||||||||||
Amount | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 24,512 | $ | 24,512 | $ | — | $ | — | |||||||||||||||||
Loans | 1,034,849 | — | — | 1,019,916 | |||||||||||||||||||||
Federal Home Loan Bank stock | 10,125 | 10,125 | — | — | |||||||||||||||||||||
Accrued interest receivable | 4,759 | 4,759 | — | — | |||||||||||||||||||||
Bank-owned life insurance | 16,488 | 16,488 | — | — | |||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||
Deposits | $ | 1,145,235 | $ | — | $ | 1,145,558 | $ | — | |||||||||||||||||
Federal funds and overnight funds purchased | 670 | 670 | — | — | |||||||||||||||||||||
Federal Home Loan Bank borrowings | 145,000 | — | 145,818 | — | |||||||||||||||||||||
Junior subordinated debentures | 8,248 | — | 2,365 | — | |||||||||||||||||||||
Accrued interest payable | 194 | 194 | — | — | |||||||||||||||||||||
Carrying | Fair Value at December 31, 2013 | ||||||||||||||||||||||||
Amount | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 21,108 | $ | 21,108 | $ | — | $ | — | |||||||||||||||||
Loans | 993,845 | — | — | 980,334 | |||||||||||||||||||||
Federal Home Loan Bank stock | 10,425 | 10,425 | — | — | |||||||||||||||||||||
Accrued interest receivable | 4,703 | 4,703 | — | — | |||||||||||||||||||||
Bank-owned life insurance | 16,136 | 16,136 | — | — | |||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||
Deposits | $ | 1,090,981 | $ | — | $ | 1,091,355 | $ | — | |||||||||||||||||
Federal funds and overnight funds purchased | 5,150 | 5,150 | — | — | |||||||||||||||||||||
Federal Home Loan Bank borrowings | 160,000 | — | 160,984 | — | |||||||||||||||||||||
Junior subordinated debentures | 8,248 | — | 2,265 | — | |||||||||||||||||||||
Accrued interest payable | 193 | 193 | — | — | |||||||||||||||||||||
Carrying | Fair Value at September 30, 2013 | ||||||||||||||||||||||||
Amount | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 42,609 | $ | 42,609 | $ | — | $ | — | |||||||||||||||||
Loans | 977,718 | — | — | 967,188 | |||||||||||||||||||||
Federal Home Loan Bank stock | 10,523 | 10,523 | — | — | |||||||||||||||||||||
Accrued interest receivable | 4,608 | 4,608 | — | — | |||||||||||||||||||||
Bank-owned life insurance | 16,008 | 16,008 | — | — | |||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||
Deposits | $ | 1,117,529 | $ | — | $ | 1,117,840 | $ | — | |||||||||||||||||
Federal funds and overnight funds purchased | — | — | — | — | |||||||||||||||||||||
Federal Home Loan Bank borrowings | 145,000 | — | 146,032 | — | |||||||||||||||||||||
Junior subordinated debentures | 8,248 | — | 2,235 | — | |||||||||||||||||||||
Accrued interest payable | 4,423 | 4,423 | — | — | |||||||||||||||||||||
Assets Measured at Fair Value on Recurring Basis | ' | ||||||||||||||||||||||||
The tables below show assets measured at fair value on a recurring basis as of September 30, 2014, December 31, 2013, and September 30, 2013: | |||||||||||||||||||||||||
Carrying | Fair Value at September 30, 2014 | ||||||||||||||||||||||||
September 30, 2014 | Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Available-for-sale securities | |||||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 38,948 | $ | — | $ | 38,948 | $ | — | |||||||||||||||||
Obligations of states and political subdivisions | 82,988 | — | 82,988 | — | |||||||||||||||||||||
Mortgage-backed securities | 205,921 | — | 205,921 | — | |||||||||||||||||||||
Private-label mortgage-backed securities | 4,127 | — | 2,488 | 1,639 | |||||||||||||||||||||
SBA variable rate pools | 16,068 | — | 16,068 | — | |||||||||||||||||||||
Swap derivative | 275 | — | 275 | — | |||||||||||||||||||||
Total assets measured on a recurring basis | $ | 348,327 | $ | — | $ | 346,688 | $ | 1,639 | |||||||||||||||||
Carrying | Fair Value at December 31, 2013 | ||||||||||||||||||||||||
December 31, 2013 | Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Available-for-sale securities | |||||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 30,847 | $ | — | $ | 30,847 | $ | — | |||||||||||||||||
Obligations of states and political subdivisions | 78,795 | — | 78,795 | — | |||||||||||||||||||||
Mortgage-backed securities | 223,720 | — | 223,720 | — | |||||||||||||||||||||
Private-label mortgage-backed securities | 5,314 | — | 3,528 | 1,786 | |||||||||||||||||||||
SBA variable rate pools | 8,710 | — | 8,710 | — | |||||||||||||||||||||
Swap derivative | 405 | — | 405 | — | |||||||||||||||||||||
Total assets measured on a recurring basis | $ | 347,791 | $ | — | $ | 346,005 | $ | 1,786 | |||||||||||||||||
Fair Value at September 30, 2013 | |||||||||||||||||||||||||
September 30, 2013 | Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Available-for-sale securities | |||||||||||||||||||||||||
Obligations of U.S. government agencies | $ | 26,900 | $ | — | $ | 26,900 | $ | — | |||||||||||||||||
Obligations of states and political subdivisions | 79,365 | — | 79,365 | — | |||||||||||||||||||||
Mortgage-backed securities | 235,085 | — | 235,085 | — | |||||||||||||||||||||
Private-label mortgage-backed securities | 6,156 | — | 4,624 | 1,532 | |||||||||||||||||||||
Swap derivative | 313 | — | 313 | — | |||||||||||||||||||||
Total assets measured on a recurring basis | $ | 347,819 | $ | — | $ | 346,287 | $ | 1,532 | |||||||||||||||||
Reconciliation of Assets Measured at Fair Value on Recurring Basis | ' | ||||||||||||||||||||||||
The following table provides a reconciliation of assets measured at fair value on a recurring basis using unobservable inputs (Level 3) for the three and nine months ended September 30, 2014, and 2013: | |||||||||||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
Beginning balance | $ | 1,693 | $ | 1,589 | $ | 1,786 | $ | 1,682 | |||||||||||||||||
Transfers to Level 3 | — | — | — | — | |||||||||||||||||||||
Transfers out of Level 3 | — | — | — | — | |||||||||||||||||||||
Total gains or losses | — | — | |||||||||||||||||||||||
Included in earnings | — | — | — | — | |||||||||||||||||||||
Included in other comprehensive income | (19 | ) | 31 | (30 | ) | 98 | |||||||||||||||||||
Paydowns | (35 | ) | (88 | ) | (117 | ) | (248 | ) | |||||||||||||||||
Purchases, issuances, sales and settlements | — | — | |||||||||||||||||||||||
Purchases | — | — | — | — | |||||||||||||||||||||
Issuances | — | — | — | — | |||||||||||||||||||||
Sales | — | — | — | — | |||||||||||||||||||||
Settlements | — | — | — | — | |||||||||||||||||||||
Ending balance | $ | 1,639 | $ | 1,532 | $ | 1,639 | $ | 1,532 | |||||||||||||||||
Assets Measured at Fair Value on Nonrecurring Basis | ' | ||||||||||||||||||||||||
The tables below show assets measured at fair value on a nonrecurring basis as of September 30, 2014, December 31, 2013, and September 30, 2013: | |||||||||||||||||||||||||
Carrying | Fair Value | ||||||||||||||||||||||||
September 30, 2014 | Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Loans measured for impairment (net of government guarantees and specific reserves) | $ | 3,254 | $ | — | $ | — | $ | 3,254 | |||||||||||||||||
Other real estate owned | 13,177 | — | — | 13,177 | |||||||||||||||||||||
Total | $ | 16,431 | $ | — | $ | — | $ | 16,431 | |||||||||||||||||
Carrying | Fair Value | ||||||||||||||||||||||||
December 31, 2013 | Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Loans measured for impairment (net of government guarantees and specific reserves) | $ | 5,749 | $ | — | $ | — | $ | 5,749 | |||||||||||||||||
Other real estate owned | 16,355 | — | — | 16,355 | |||||||||||||||||||||
Total | $ | 22,104 | $ | — | $ | — | $ | 22,104 | |||||||||||||||||
Carrying | Fair Value | ||||||||||||||||||||||||
September 30, 2013 | Value | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Loans measured for impairment (net of government guarantees and specific reserves) | $ | 6,948 | $ | — | $ | — | $ | 6,948 | |||||||||||||||||
Other real estate owned | 16,602 | — | — | 16,602 | |||||||||||||||||||||
Total | $ | 23,550 | $ | — | $ | — | $ | 23,550 | |||||||||||||||||
Regulatory_Matters_Tables
Regulatory Matters (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Banking and Thrift [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Compliance with Regulatory Capital Requirements | ' | ||||||||||||||||||||||||
To be categorized as well-capitalized, the Bank must maintain minimum Total risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the following table. | |||||||||||||||||||||||||
To Be Well | |||||||||||||||||||||||||
Capitalized Under | |||||||||||||||||||||||||
For Capital | Prompt Corrective | ||||||||||||||||||||||||
Actual | Adequacy Purposes | Action Provisions | |||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
As of September 30, 2014: | |||||||||||||||||||||||||
Total capital (to risk weighted assets) | |||||||||||||||||||||||||
Bank: | $ | 176,519 | 15.59 | % | $ | 90,593 | 8 | % | $ | 113,241 | 10 | % | |||||||||||||
Company: | $ | 177,718 | 15.69 | % | NA | NA | |||||||||||||||||||
Tier I capital (to risk weighted assets) | |||||||||||||||||||||||||
Bank: | $ | 162,342 | 14.34 | % | $ | 45,297 | 4 | % | $ | 67,945 | 6 | % | |||||||||||||
Company: | $ | 163,541 | 14.44 | % | NA | NA | |||||||||||||||||||
Tier I capital (to leverage assets) | |||||||||||||||||||||||||
Bank: | $ | 162,342 | 11.12 | % | $ | 58,385 | 4 | % | $ | 72,981 | 5 | % | |||||||||||||
Company: | $ | 163,541 | 11.2 | % | NA | NA | |||||||||||||||||||
As of December 31, 2013: | |||||||||||||||||||||||||
Total capital (to risk weighted assets) | |||||||||||||||||||||||||
Bank: | $ | 174,311 | 15.89 | % | $ | 87,744 | 8 | % | $ | 109,680 | 10 | % | |||||||||||||
Company: | $ | 177,209 | 16.15 | % | NA | NA | |||||||||||||||||||
Tier I capital (to risk weighted assets) | |||||||||||||||||||||||||
Bank: | $ | 160,572 | 14.64 | % | $ | 43,872 | 4 | % | $ | 65,808 | 6 | % | |||||||||||||
Company: | $ | 163,470 | 14.9 | % | NA | NA | |||||||||||||||||||
Tier I capital (to leverage assets) | |||||||||||||||||||||||||
Bank: | $ | 160,572 | 11.29 | % | $ | 56,887 | 4 | % | $ | 71,109 | 5 | % | |||||||||||||
Company: | $ | 163,470 | 11.49 | % | NA | NA | |||||||||||||||||||
As of September 30, 2013: | |||||||||||||||||||||||||
Total capital (to risk weighted assets) | |||||||||||||||||||||||||
Bank: | $ | 174,025 | 16.16 | % | $ | 86,172 | 8 | % | $ | 107,715 | 10 | % | |||||||||||||
Company: | $ | 176,929 | 16.42 | % | NA | NA | |||||||||||||||||||
Tier I capital (to risk weighted assets) | |||||||||||||||||||||||||
Bank: | $ | 160,517 | 14.9 | % | $ | 43,086 | 4 | % | $ | 64,629 | 6 | % | |||||||||||||
Company: | $ | 163,421 | 15.16 | % | NA | NA | |||||||||||||||||||
Tier I capital (to leverage assets) | |||||||||||||||||||||||||
Bank: | $ | 160,517 | 11.36 | % | $ | 56,520 | 4 | % | $ | 70,650 | 5 | % | |||||||||||||
Company: | $ | 163,421 | 11.56 | % | NA | NA |
Securities_AvailableforSale_Sc
Securities Available-for-Sale - Schedule of Amortized Cost, Gross Unrealized Gains, Gross Unrealized Losses and Estimated Fair Values of Securities Available-for-Sale (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | $342,638 | $347,628 | $346,921 |
Gross Unrealized Gains | 6,724 | 4,431 | 4,971 |
Gross Unrealized Losses | -1,310 | -4,673 | -4,386 |
Estimated Fair Value | 348,052 | 347,386 | 347,506 |
Unrealized Loss Positions [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 100,052 | 167,928 | 154,225 |
Gross Unrealized Losses | -1,310 | -4,673 | -4,386 |
Estimated Fair Value | 98,742 | 163,255 | 149,839 |
Unrealized Loss Positions [Member] | Obligations of U.S. government agencies [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 8,080 | 17,268 | 8,109 |
Gross Unrealized Losses | -77 | -276 | -119 |
Estimated Fair Value | 8,003 | 16,992 | 7,990 |
Unrealized Loss Positions [Member] | Obligations of states and political subdivisions [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 15,349 | 40,408 | 39,036 |
Gross Unrealized Losses | -281 | -2,180 | -2,230 |
Estimated Fair Value | 15,068 | 38,228 | 36,806 |
Unrealized Loss Positions [Member] | Private-label mortgage-backed securities [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 877 | 2,679 | 2,987 |
Gross Unrealized Losses | -55 | -245 | -238 |
Estimated Fair Value | 822 | 2,434 | 2,749 |
Unrealized Loss Positions [Member] | Mortgage-backed securities [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 65,356 | 103,851 | 104,093 |
Gross Unrealized Losses | -758 | -1,928 | -1,799 |
Estimated Fair Value | 64,598 | 101,923 | 102,294 |
Unrealized Loss Positions [Member] | SBA variable rate pools [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 10,390 | 3,722 | ' |
Gross Unrealized Losses | -139 | -44 | ' |
Estimated Fair Value | 10,251 | 3,678 | ' |
Unrealized Gain Positions [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 242,586 | 179,700 | 192,696 |
Gross Unrealized Gains | 6,724 | 4,431 | 4,971 |
Estimated Fair Value | 249,310 | 184,131 | 197,667 |
Unrealized Gain Positions [Member] | Obligations of U.S. government agencies [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 30,562 | 13,515 | 18,523 |
Gross Unrealized Gains | 383 | 340 | 387 |
Estimated Fair Value | 30,945 | 13,855 | 18,910 |
Unrealized Gain Positions [Member] | Obligations of states and political subdivisions [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 64,816 | 39,210 | 41,056 |
Gross Unrealized Gains | 3,104 | 1,357 | 1,503 |
Estimated Fair Value | 67,920 | 40,567 | 42,559 |
Unrealized Gain Positions [Member] | Private-label mortgage-backed securities [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 3,178 | 2,790 | 3,300 |
Gross Unrealized Gains | 127 | 90 | 107 |
Estimated Fair Value | 3,305 | 2,880 | 3,407 |
Unrealized Gain Positions [Member] | Mortgage-backed securities [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 138,247 | 119,181 | 129,817 |
Gross Unrealized Gains | 3,076 | 2,616 | 2,974 |
Estimated Fair Value | 141,323 | 121,797 | 132,791 |
Unrealized Gain Positions [Member] | SBA variable rate pools [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 5,783 | 5,004 | ' |
Gross Unrealized Gains | 34 | 28 | ' |
Estimated Fair Value | $5,817 | $5,032 | ' |
Securities_AvailableforSale_Ad
Securities Available-for-Sale - Additional Information (Detail) (USD $) | 0 Months Ended | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Securities | Securities | Securities | Securities | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Available for sale securities number of securities | 77 | 77 | 77 | 445 | 447 |
Amortized Cost | $342,638 | $342,638 | $342,638 | $347,628 | $346,921 |
Projected average life of securities portfolio | ' | ' | '4 years 1 month 24 days | ' | ' |
Number of investment securities sold | ' | 0 | ' | ' | ' |
Gross realized gain from investment securities sold | ' | 3 | ' | ' | ' |
Balance of repurchase agreement | 1,067 | ' | ' | ' | ' |
Securities pledged as collateral [Member] | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Amortized Cost | 22,859 | 22,859 | 22,859 | ' | ' |
Estimated market value of pledged securities | 23,278 | 23,278 | 23,278 | ' | ' |
Repurchase accounts [Member] | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Amortized Cost | 3,975 | 3,975 | 3,975 | ' | ' |
Estimated market value of pledged securities | 4,031 | 4,031 | 4,031 | ' | ' |
Substandard [Member] | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Amortized Cost | 1,950 | 1,950 | 1,950 | 2,593 | 2,721 |
Private-label mortgage-backed securities [Member] | Substandard [Member] | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Number of private-label mortgage-backed securities | 6 | 6 | 6 | ' | ' |
Unrealized Loss Positions [Member] | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Investment securities in unrealized loss positions, number of positions | 399 | 399 | 399 | 187 | 184 |
Amortized Cost | 100,052 | 100,052 | 100,052 | 167,928 | 154,225 |
Unrealized Loss Positions [Member] | Private-label mortgage-backed securities [Member] | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Amortized Cost | $877 | $877 | $877 | $2,679 | $2,987 |
Securities_AvailableforSale_Sc1
Securities Available-for-Sale - Schedule of Investment Securities in Continuous Unrealized Loss Position (Detail) (Unrealized Loss Positions [Member], USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Securities in Continuous Unrealized Loss Position for Less Than 12 Months | $48,825 | $122,131 | $127,446 |
Gross Unrealized Loss on Securities in Loss Position for Less Than 12 Months | 312 | 3,578 | 3,726 |
Securities in Continuous Unrealized Loss Position for 12 Months or Longer | 49,917 | 27,708 | 35,809 |
Gross Unrealized Loss on Securities in Loss Position for 12 Months or Longer | 998 | 808 | 947 |
Obligations of U.S. government agencies [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Securities in Continuous Unrealized Loss Position for Less Than 12 Months | 5,061 | 7,990 | 16,992 |
Gross Unrealized Loss on Securities in Loss Position for Less Than 12 Months | 20 | 119 | 276 |
Securities in Continuous Unrealized Loss Position for 12 Months or Longer | 2,941 | ' | ' |
Gross Unrealized Loss on Securities in Loss Position for 12 Months or Longer | 57 | ' | ' |
Obligations of states and political subdivisions [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Securities in Continuous Unrealized Loss Position for Less Than 12 Months | 295 | 35,831 | 36,873 |
Gross Unrealized Loss on Securities in Loss Position for Less Than 12 Months | 1 | 2,166 | 2,053 |
Securities in Continuous Unrealized Loss Position for 12 Months or Longer | 14,772 | 975 | 1,356 |
Gross Unrealized Loss on Securities in Loss Position for 12 Months or Longer | 280 | 64 | 127 |
Private-label mortgage-backed securities [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Securities in Continuous Unrealized Loss Position for Less Than 12 Months | 320 | 1,496 | 1,256 |
Gross Unrealized Loss on Securities in Loss Position for Less Than 12 Months | 1 | 39 | 44 |
Securities in Continuous Unrealized Loss Position for 12 Months or Longer | 503 | 1,253 | 1,178 |
Gross Unrealized Loss on Securities in Loss Position for 12 Months or Longer | 54 | 199 | 201 |
Mortgage-backed securities [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Securities in Continuous Unrealized Loss Position for Less Than 12 Months | 32,898 | 76,814 | 68,647 |
Gross Unrealized Loss on Securities in Loss Position for Less Than 12 Months | 151 | 1,254 | 1,309 |
Securities in Continuous Unrealized Loss Position for 12 Months or Longer | 31,701 | 25,480 | 33,275 |
Gross Unrealized Loss on Securities in Loss Position for 12 Months or Longer | 607 | 545 | 619 |
SBA variable rate pools [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Securities in Continuous Unrealized Loss Position for Less Than 12 Months | 10,251 | ' | 3,678 |
Gross Unrealized Loss on Securities in Loss Position for Less Than 12 Months | $139 | ' | $44 |
Securities_AvailableforSale_Sc2
Securities Available-for-Sale - Schedule of Roll-Forward Amount of Credit-Related OTTI (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Investments, Debt and Equity Securities [Abstract] | ' | ' | ' | ' |
Balance, beginning of period: | $227 | $220 | $227 | $220 |
Initial OTTI credit loss | ' | ' | ' | ' |
Balance, end of period: | $227 | $220 | $227 | $220 |
Securities_AvailableforSale_Sc3
Securities Available-for-Sale - Schedule of Amortized Cost and Fair Value of Securities Available-for-Sale (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Investments, Debt and Equity Securities [Abstract] | ' | ' | ' |
Due in one year or less, Amortized Cost | $12,824 | $18,707 | $17,285 |
Due after one year through 5 years, Amortized Cost | 214,577 | 217,713 | 179,366 |
Due after 5 years through 10 years, Amortized Cost | 76,484 | 66,103 | 140,288 |
Due after 10 years, Amortized Cost | 38,753 | 45,105 | 9,982 |
Amortized Cost | 342,638 | 347,628 | 346,921 |
Due in one year or less, Estimated Fair Value | 13,060 | 18,870 | 17,388 |
Due after one year through 5 years, Estimated Fair Value | 217,088 | 219,375 | 181,527 |
Due after 5 years through 10 years, Estimated Fair Value | 78,143 | 65,432 | 139,523 |
Due after 10 years, Estimated Fair Value | 39,761 | 43,709 | 9,068 |
Estimated Fair Value | $348,052 | $347,386 | $347,506 |
Loans_Allowance_for_Loan_Losse2
Loans, Allowance for Loan Losses, and Credit Quality Indicators - Summary of Loan Classifications (Detail) (USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | $1,035,875 | $978,673 | $994,769 |
Deferred loan origination fees | -1,026 | -955 | -924 |
Gross loans, net of deferred income | 1,034,849 | 977,718 | 993,845 |
Allowance for loan losses | -15,722 | -16,802 | -15,917 |
Total loans, net of allowance for loan losses and net deferred fees | 1,019,127 | 960,916 | 977,928 |
Percentage of gross loans | 100.00% | 100.00% | 100.00% |
Commercial loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 398,702 | 372,129 | 390,301 |
Percentage of gross loans | 38.49% | 38.02% | 39.24% |
Consumer loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 3,348 | 3,660 | 3,878 |
Percentage of gross loans | 0.32% | 0.38% | 0.39% |
Other loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 1,802 | 1,188 | 928 |
Percentage of gross loans | 0.18% | 0.13% | 0.09% |
Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 525,478 | 506,537 | 500,752 |
Real estate loans [Member] | Multi-family residential [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 50,563 | 47,795 | 46,217 |
Real estate loans [Member] | Residential 1-4 family [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 44,610 | 49,206 | 46,438 |
Real estate loans [Member] | Owner-occupied commercial [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 249,657 | 244,828 | 249,311 |
Real estate loans [Member] | Nonowner-occupied commercial [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 180,648 | 164,708 | 158,786 |
Real estate secured loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 632,023 | 601,696 | 599,662 |
Percentage of gross loans | 61.01% | 61.47% | 60.28% |
Real estate secured loans [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 525,478 | 506,537 | 500,752 |
Percentage of gross loans | 50.73% | 51.76% | 50.34% |
Real estate secured loans [Member] | Real estate loans [Member] | Multi-family residential [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 50,563 | 47,795 | 46,217 |
Percentage of gross loans | 4.88% | 4.88% | 4.65% |
Real estate secured loans [Member] | Real estate loans [Member] | Residential 1-4 family [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 44,610 | 49,206 | 46,438 |
Percentage of gross loans | 4.31% | 5.03% | 4.67% |
Real estate secured loans [Member] | Real estate loans [Member] | Owner-occupied commercial [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 249,657 | 244,828 | 249,311 |
Percentage of gross loans | 24.10% | 25.02% | 25.06% |
Real estate secured loans [Member] | Real estate loans [Member] | Nonowner-occupied commercial [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 180,648 | 164,708 | 158,786 |
Percentage of gross loans | 17.44% | 16.83% | 15.96% |
Real estate secured loans [Member] | Construction loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 106,545 | 95,159 | 98,910 |
Percentage of gross loans | 10.28% | 9.71% | 9.94% |
Real estate secured loans [Member] | Construction loans [Member] | Multi-family residential [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 19,178 | 22,929 | 23,419 |
Percentage of gross loans | 1.85% | 2.34% | 2.35% |
Real estate secured loans [Member] | Construction loans [Member] | Residential 1-4 family [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 35,421 | 29,880 | 26,512 |
Percentage of gross loans | 3.42% | 3.05% | 2.67% |
Real estate secured loans [Member] | Construction loans [Member] | Commercial real estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 32,946 | 24,106 | 30,516 |
Percentage of gross loans | 3.18% | 2.46% | 3.07% |
Real estate secured loans [Member] | Construction loans [Member] | Commercial bare land and acquisition & development [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | 12,264 | 11,191 | 11,473 |
Percentage of gross loans | 1.18% | 1.14% | 1.15% |
Real estate secured loans [Member] | Construction loans [Member] | Residential bare land and acquisition & development [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Gross loans | $6,736 | $7,053 | $6,990 |
Percentage of gross loans | 0.65% | 0.72% | 0.70% |
Loans_Allowance_for_Loan_Losse3
Loans, Allowance for Loan Losses, and Credit Quality Indicators - Additional Information (Detail) (USD $) | 9 Months Ended | 12 Months Ended | ||||
Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2012 | |
TDRs | ||||||
Guarantor Obligations [Line Items] | ' | ' | ' | ' | ' | ' |
Outstanding loans to dental professionals | $307,088,000 | $303,911,000 | $307,268,000 | ' | ' | ' |
Percentage of total outstanding loans | 29.65% | 31.05% | 30.89% | ' | ' | ' |
Percentage of total loan portfolio | 10.00% | ' | ' | ' | ' | ' |
Percentage of loan portfolio collateralized by real estate | 61.01% | ' | ' | ' | ' | ' |
Allowance for loan losses | 15,722,000 | 16,802,000 | 15,917,000 | 15,675,000 | 16,303,000 | 16,346,000 |
Loan unfunded commitments on classified loans | 534,000 | 668,000 | 532,000 | ' | ' | ' |
Interest income recognized in the period | 0 | ' | ' | ' | ' | ' |
Government guarantees | 1,129,000 | 1,354,000 | 1,532,000 | ' | ' | ' |
Recorded investment in impaired loans, net of government guarantees | 7,837,000 | 9,346,000 | 8,476,000 | ' | ' | ' |
Recorded investment in nonaccrual status | 3,253,000 | 5,941,000 | 5,343,000 | ' | ' | ' |
Identified TDRs newly considered for impairment | 7 | ' | ' | ' | ' | ' |
Total recorded investment in receivables | 2,992,000 | ' | ' | ' | ' | ' |
Associated allowance for loan losses | 0 | ' | ' | ' | ' | ' |
Commitments to lend additional funds on loans restructured as TDRs | 0 | 0 | 0 | ' | ' | ' |
Dental Loan [Member] | ' | ' | ' | ' | ' | ' |
Guarantor Obligations [Line Items] | ' | ' | ' | ' | ' | ' |
Allowance for loan losses | 4,084,000 | 2,688,000 | 3,730,000 | 4,136,000 | 3,522,000 | 2,683,000 |
Troubled Debt Restructurings [Member] | ' | ' | ' | ' | ' | ' |
Guarantor Obligations [Line Items] | ' | ' | ' | ' | ' | ' |
Recorded investment in nonaccrual status | $2,044,000 | $1,911,000 | $1,597,000 | ' | ' | ' |
Minimum [Member] | ' | ' | ' | ' | ' | ' |
Guarantor Obligations [Line Items] | ' | ' | ' | ' | ' | ' |
Internal risk rating | 1 | ' | ' | ' | ' | ' |
Maximum [Member] | ' | ' | ' | ' | ' | ' |
Guarantor Obligations [Line Items] | ' | ' | ' | ' | ' | ' |
Internal risk rating | 10 | ' | ' | ' | ' | ' |
Loans_Allowance_for_Loan_Losse4
Loans, Allowance for Loan Losses, and Credit Quality Indicators - Summary of Allowance for Loan Losses Activity (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Receivables [Abstract] | ' | ' | ' | ' |
Balance, beginning of period | $15,675 | $16,303 | $15,917 | $16,346 |
Provision charged to income | ' | ' | ' | 250 |
Loans charged against allowance | -23 | -221 | -654 | -1,049 |
Recoveries credited to allowance | 70 | 720 | 459 | 1,255 |
Balance, end of period | $15,722 | $16,802 | $15,722 | $16,802 |
Loans_Allowance_for_Loan_Losse5
Loans, Allowance for Loan Losses, and Credit Quality Indicators - Summary of Allowance for Credit Losses Activity by Loan Segment (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning of period | $15,675 | $16,303 | $15,917 | $16,346 | ' |
Charge-offs | -23 | -221 | -654 | -1,049 | ' |
Recoveries | 70 | 720 | 459 | 1,255 | ' |
Provision (reclassification) | ' | ' | ' | 250 | ' |
Balance, end of period | 15,722 | 16,802 | 15,722 | 16,802 | ' |
Ending allowance: collectively evaluated for impairment | 15,581 | 16,779 | 15,581 | 16,779 | 15,860 |
Ending allowance: individually evaluated for impairment | 141 | 23 | 141 | 23 | 57 |
Total ending allowance | 15,722 | 16,802 | 15,722 | 16,802 | 15,917 |
Ending loan balance: collectively evaluated for impairment | 1,026,909 | 967,973 | 1,026,909 | 967,973 | 984,761 |
Ending loan balance: individually evaluated for impairment | 8,966 | 10,700 | 8,966 | 10,700 | 10,008 |
Total ending loan balance | 1,035,875 | 978,673 | 1,035,875 | 978,673 | 994,769 |
Commercial and Other [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning of period | 5,596 | ' | 5,113 | ' | ' |
Charge-offs | ' | ' | -442 | ' | ' |
Recoveries | 67 | ' | 282 | ' | ' |
Provision (reclassification) | -159 | ' | 551 | ' | ' |
Balance, end of period | 5,504 | ' | 5,504 | ' | ' |
Ending allowance: collectively evaluated for impairment | 5,490 | 5,490 | 5,490 | 5,490 | 5,095 |
Ending allowance: individually evaluated for impairment | 14 | 21 | 14 | 21 | 18 |
Total ending allowance | 5,504 | 5,511 | 5,504 | 5,511 | 5,113 |
Ending loan balance: collectively evaluated for impairment | 397,609 | 368,944 | 397,609 | 368,944 | 386,332 |
Ending loan balance: individually evaluated for impairment | 2,895 | 4,373 | 2,895 | 4,373 | 4,897 |
Total ending loan balance | 400,504 | 373,317 | 400,504 | 373,317 | 391,229 |
Real Estate [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning of period | 7,429 | ' | 7,668 | ' | ' |
Charge-offs | -19 | ' | -49 | ' | ' |
Recoveries | ' | ' | 162 | ' | ' |
Provision (reclassification) | -151 | ' | -522 | ' | ' |
Balance, end of period | 7,259 | ' | 7,259 | ' | ' |
Ending allowance: collectively evaluated for impairment | 7,255 | 8,043 | 7,255 | 8,043 | 7,667 |
Ending allowance: individually evaluated for impairment | 4 | 2 | 4 | 2 | 1 |
Total ending allowance | 7,259 | 8,045 | 7,259 | 8,045 | 7,668 |
Ending loan balance: collectively evaluated for impairment | 519,768 | 500,493 | 519,768 | 500,493 | 495,924 |
Ending loan balance: individually evaluated for impairment | 5,710 | 6,044 | 5,710 | 6,044 | 4,828 |
Total ending loan balance | 525,478 | 506,537 | 525,478 | 506,537 | 500,752 |
Construction [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning of period | 1,340 | ' | 1,493 | ' | ' |
Charge-offs | ' | ' | -155 | ' | ' |
Recoveries | 3 | ' | 11 | ' | ' |
Provision (reclassification) | 82 | ' | 76 | ' | ' |
Balance, end of period | 1,425 | ' | 1,425 | ' | ' |
Ending allowance: collectively evaluated for impairment | 1,302 | 1,635 | 1,302 | 1,635 | 1,455 |
Ending allowance: individually evaluated for impairment | 123 | ' | 123 | ' | 38 |
Total ending allowance | 1,425 | 1,635 | 1,425 | 1,635 | 1,493 |
Ending loan balance: collectively evaluated for impairment | 106,184 | 94,876 | 106,184 | 94,876 | 98,627 |
Ending loan balance: individually evaluated for impairment | 361 | 283 | 361 | 283 | 283 |
Total ending loan balance | 106,545 | 95,159 | 106,545 | 95,159 | 98,910 |
Consumer [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning of period | 59 | ' | 68 | ' | ' |
Charge-offs | -4 | ' | -8 | ' | ' |
Recoveries | ' | ' | 4 | ' | ' |
Provision (reclassification) | -8 | ' | -17 | ' | ' |
Balance, end of period | 47 | ' | 47 | ' | ' |
Ending allowance: collectively evaluated for impairment | 47 | 70 | 47 | 70 | 68 |
Total ending allowance | 47 | 70 | 47 | 70 | 68 |
Ending loan balance: collectively evaluated for impairment | 3,348 | 3,660 | 3,348 | 3,660 | 3,878 |
Total ending loan balance | 3,348 | 3,660 | 3,348 | 3,660 | 3,878 |
Unallocated [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, beginning of period | 1,251 | ' | 1,575 | ' | ' |
Provision (reclassification) | 236 | ' | -88 | ' | ' |
Balance, end of period | 1,487 | ' | 1,487 | ' | ' |
Ending allowance: collectively evaluated for impairment | 1,487 | 1,541 | 1,487 | 1,541 | 1,575 |
Total ending allowance | $1,487 | $1,541 | $1,487 | $1,541 | $1,575 |
Loans_Allowance_for_Loan_Losse6
Loans, Allowance for Loan Losses, and Credit Quality Indicators - Credit Quality Indicators (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | $1,035,875 | $994,769 | $978,673 |
Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 525,478 | 500,752 | 506,537 |
Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 106,545 | 98,910 | 95,159 |
Multi-family residential [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 50,563 | 46,217 | 47,795 |
Multi-family residential [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 19,178 | 23,419 | 22,929 |
Residential 1-4 family [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 44,610 | 46,438 | 49,206 |
Residential 1-4 family [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 35,421 | 26,512 | 29,880 |
Owner-occupied commercial [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 249,657 | 249,311 | 244,828 |
Nonowner-occupied commercial [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 180,648 | 158,786 | 164,708 |
Commercial real estate [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 32,946 | 30,516 | 24,106 |
Commercial bare land and acquisition & development [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 12,264 | 11,473 | 11,191 |
Residential bare land and acquisition & development [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 6,736 | 6,990 | 7,053 |
Commercial and other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 400,504 | 391,229 | 373,317 |
Consumer loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 3,348 | 3,878 | 3,660 |
Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 999,595 | 951,897 | 935,400 |
Pass [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 502,221 | 475,102 | 480,406 |
Pass [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 105,566 | 94,111 | 90,615 |
Pass [Member] | Multi-family residential [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 49,044 | 44,677 | 46,487 |
Pass [Member] | Multi-family residential [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 19,178 | 23,419 | 22,929 |
Pass [Member] | Residential 1-4 family [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 36,819 | 37,831 | 40,181 |
Pass [Member] | Residential 1-4 family [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 35,421 | 26,145 | 29,683 |
Pass [Member] | Owner-occupied commercial [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 239,662 | 239,539 | 234,794 |
Pass [Member] | Nonowner-occupied commercial [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 176,696 | 153,055 | 158,944 |
Pass [Member] | Commercial real estate [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 32,946 | 28,978 | 22,548 |
Pass [Member] | Commercial bare land and acquisition & development [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 12,028 | 11,223 | 10,980 |
Pass [Member] | Residential bare land and acquisition & development [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 5,993 | 4,346 | 4,475 |
Pass [Member] | Commercial and other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 388,470 | 378,828 | 360,749 |
Pass [Member] | Consumer loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 3,338 | 3,856 | 3,630 |
Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 4,210 | 4,278 | 4,297 |
Special Mention [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 4,210 | 4,278 | 4,297 |
Special Mention [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Special Mention [Member] | Multi-family residential [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Special Mention [Member] | Multi-family residential [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Special Mention [Member] | Residential 1-4 family [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Special Mention [Member] | Residential 1-4 family [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Special Mention [Member] | Owner-occupied commercial [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 4,210 | 4,278 | 4,297 |
Special Mention [Member] | Nonowner-occupied commercial [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Special Mention [Member] | Commercial real estate [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Special Mention [Member] | Commercial bare land and acquisition & development [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Special Mention [Member] | Residential bare land and acquisition & development [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Special Mention [Member] | Commercial and other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Special Mention [Member] | Consumer loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 32,070 | 38,594 | 38,959 |
Substandard [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 19,047 | 21,372 | 21,834 |
Substandard [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 979 | 4,799 | 4,544 |
Substandard [Member] | Multi-family residential [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 1,519 | 1,540 | 1,308 |
Substandard [Member] | Multi-family residential [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Substandard [Member] | Residential 1-4 family [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 7,791 | 8,607 | 9,025 |
Substandard [Member] | Residential 1-4 family [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | 367 | 197 |
Substandard [Member] | Owner-occupied commercial [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 5,785 | 5,494 | 5,737 |
Substandard [Member] | Nonowner-occupied commercial [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 3,952 | 5,731 | 5,764 |
Substandard [Member] | Commercial real estate [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | 1,538 | 1,558 |
Substandard [Member] | Commercial bare land and acquisition & development [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 236 | 250 | 211 |
Substandard [Member] | Residential bare land and acquisition & development [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 743 | 2,644 | 2,578 |
Substandard [Member] | Commercial and other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 12,034 | 12,401 | 12,551 |
Substandard [Member] | Consumer loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | 10 | 22 | 30 |
Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | 17 |
Doubtful [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Doubtful [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Doubtful [Member] | Multi-family residential [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Doubtful [Member] | Multi-family residential [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Doubtful [Member] | Residential 1-4 family [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Doubtful [Member] | Residential 1-4 family [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Doubtful [Member] | Owner-occupied commercial [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Doubtful [Member] | Nonowner-occupied commercial [Member] | Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Doubtful [Member] | Commercial real estate [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Doubtful [Member] | Commercial bare land and acquisition & development [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Doubtful [Member] | Residential bare land and acquisition & development [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Doubtful [Member] | Commercial and other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | 17 |
Doubtful [Member] | Consumer loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loan Grade | ' | ' | ' |
Loans_Allowance_for_Loan_Losse7
Loans, Allowance for Loan Losses, and Credit Quality Indicators - Aged Analysis of Dental Loans Receivable (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due Still Accruing | $1,652 | $2,254 | $2,559 |
60-89 Days Past Due Still Accruing | ' | 1 | 1,050 |
Greater Than 90 days Past Due Still Accruing | ' | ' | ' |
Nonaccrual | 3,253 | 5,343 | 5,941 |
Total Past Due and Nonaccrual | 4,905 | 7,598 | 9,550 |
Total Current | 1,030,970 | 987,171 | 969,123 |
Total ending loan balance | 1,035,875 | 994,769 | 978,673 |
Commercial and other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due Still Accruing | 1,269 | 436 | 1,292 |
60-89 Days Past Due Still Accruing | ' | ' | 325 |
Greater Than 90 days Past Due Still Accruing | ' | ' | ' |
Nonaccrual | 762 | 2,886 | 2,361 |
Total Past Due and Nonaccrual | 2,031 | 3,322 | 3,978 |
Total Current | 398,473 | 387,907 | 369,339 |
Total ending loan balance | 400,504 | 391,229 | 373,317 |
Consumer loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due Still Accruing | 12 | 5 | 5 |
60-89 Days Past Due Still Accruing | ' | 1 | ' |
Greater Than 90 days Past Due Still Accruing | ' | ' | ' |
Total Past Due and Nonaccrual | 12 | 6 | 5 |
Total Current | 3,336 | 3,872 | 3,655 |
Total ending loan balance | 3,348 | 3,878 | 3,660 |
Real estate loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due Still Accruing | 371 | 1,813 | 1,262 |
60-89 Days Past Due Still Accruing | ' | ' | 725 |
Greater Than 90 days Past Due Still Accruing | ' | ' | ' |
Nonaccrual | 2,491 | 2,457 | 3,580 |
Total Past Due and Nonaccrual | 2,862 | 4,270 | 5,567 |
Total Current | 522,616 | 496,482 | 500,970 |
Total ending loan balance | 525,478 | 500,752 | 506,537 |
Real estate loans [Member] | Multi-family residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Greater Than 90 days Past Due Still Accruing | ' | ' | ' |
Total Current | 50,563 | 46,217 | 47,795 |
Total ending loan balance | 50,563 | 46,217 | 47,795 |
Real estate loans [Member] | Residential 1-4 family [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due Still Accruing | 187 | 137 | ' |
Greater Than 90 days Past Due Still Accruing | ' | ' | ' |
Nonaccrual | 459 | 636 | 1,206 |
Total Past Due and Nonaccrual | 646 | 773 | 1,206 |
Total Current | 43,964 | 45,665 | 48,000 |
Total ending loan balance | 44,610 | 46,438 | 49,206 |
Real estate loans [Member] | Owner-occupied commercial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due Still Accruing | 184 | 488 | 166 |
60-89 Days Past Due Still Accruing | ' | ' | 166 |
Greater Than 90 days Past Due Still Accruing | ' | ' | ' |
Nonaccrual | 787 | 1,685 | 2,235 |
Total Past Due and Nonaccrual | 971 | 2,173 | 2,567 |
Total Current | 248,686 | 247,138 | 242,261 |
Total ending loan balance | 249,657 | 249,311 | 244,828 |
Real estate loans [Member] | Nonowner-occupied commercial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due Still Accruing | ' | 1,188 | 1,096 |
60-89 Days Past Due Still Accruing | ' | ' | 559 |
Greater Than 90 days Past Due Still Accruing | ' | ' | ' |
Nonaccrual | 1,245 | 136 | 139 |
Total Past Due and Nonaccrual | 1,245 | 1,324 | 1,794 |
Total Current | 179,403 | 157,462 | 162,914 |
Total ending loan balance | 180,648 | 158,786 | 164,708 |
Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Greater Than 90 days Past Due Still Accruing | ' | ' | ' |
Total Current | 106,545 | 98,910 | 95,159 |
Total ending loan balance | 106,545 | 98,910 | 95,159 |
Construction [Member] | Multi-family residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Greater Than 90 days Past Due Still Accruing | ' | ' | ' |
Total Current | 19,178 | 23,419 | 22,929 |
Total ending loan balance | 19,178 | 23,419 | 22,929 |
Construction [Member] | Residential 1-4 family [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Greater Than 90 days Past Due Still Accruing | ' | ' | ' |
Total Current | 35,421 | 26,512 | 29,880 |
Total ending loan balance | 35,421 | 26,512 | 29,880 |
Construction [Member] | Commercial real estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Greater Than 90 days Past Due Still Accruing | ' | ' | ' |
Total Current | 32,946 | 30,516 | 24,106 |
Total ending loan balance | 32,946 | 30,516 | 24,106 |
Construction [Member] | Commercial bare land and acquisition & development [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Greater Than 90 days Past Due Still Accruing | ' | ' | ' |
Total Current | 12,264 | 11,473 | 11,191 |
Total ending loan balance | 12,264 | 11,473 | 11,191 |
Construction [Member] | Residential bare land and acquisition & development [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Greater Than 90 days Past Due Still Accruing | ' | ' | ' |
Total Current | 6,736 | 6,990 | 7,053 |
Total ending loan balance | $6,736 | $6,990 | $7,053 |
Loans_Allowance_for_Loan_Losse8
Loans, Allowance for Loan Losses, and Credit Quality Indicators - Analysis of Impaired Loans (Detail) (USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Recorded Investment With No Specific Allowance Valuation | $7,772 | $9,848 | $8,879 |
Recorded Investment With Specific Allowance Valuation | 1,194 | 852 | 1,129 |
Recorded Investment | 8,966 | 10,700 | 10,008 |
Unpaid Principal Balance | 9,849 | 16,624 | 16,468 |
Average Recorded Investment | 10,279 | 11,079 | 11,033 |
Related Specific Allowance Valuation | 141 | 23 | 57 |
Commercial and other [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Recorded Investment With No Specific Allowance Valuation | 2,377 | 3,839 | 4,368 |
Recorded Investment With Specific Allowance Valuation | 518 | 534 | 529 |
Recorded Investment | 2,895 | 4,373 | 4,897 |
Unpaid Principal Balance | 3,200 | 9,475 | 10,627 |
Average Recorded Investment | 4,405 | 3,616 | 4,100 |
Related Specific Allowance Valuation | 14 | 21 | 18 |
Consumer loans [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Recorded Investment With No Specific Allowance Valuation | ' | ' | ' |
Recorded Investment With Specific Allowance Valuation | ' | ' | ' |
Recorded Investment | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' |
Average Recorded Investment | ' | ' | ' |
Related Specific Allowance Valuation | ' | ' | ' |
Real Estate [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Recorded Investment With No Specific Allowance Valuation | 5,395 | 5,726 | 4,511 |
Recorded Investment With Specific Allowance Valuation | 315 | 318 | 317 |
Recorded Investment | 5,710 | 6,044 | 4,828 |
Unpaid Principal Balance | 6,288 | 6,866 | 5,468 |
Average Recorded Investment | 5,504 | 6,828 | 6,387 |
Related Specific Allowance Valuation | 4 | 2 | 1 |
Real Estate [Member] | Multi-family residential [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Recorded Investment With No Specific Allowance Valuation | ' | ' | ' |
Recorded Investment With Specific Allowance Valuation | ' | ' | ' |
Recorded Investment | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' |
Average Recorded Investment | ' | ' | ' |
Related Specific Allowance Valuation | ' | ' | ' |
Real Estate [Member] | Residential 1-4 family [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Recorded Investment With No Specific Allowance Valuation | 709 | 1,489 | 912 |
Recorded Investment With Specific Allowance Valuation | 315 | 318 | 317 |
Recorded Investment | 1,024 | 1,807 | 1,229 |
Unpaid Principal Balance | 1,350 | 2,158 | 1,633 |
Average Recorded Investment | 1,183 | 2,491 | 2,229 |
Related Specific Allowance Valuation | 4 | 2 | 1 |
Real Estate [Member] | Owner-occupied commercial [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Recorded Investment With No Specific Allowance Valuation | 1,843 | 3,329 | 2,767 |
Recorded Investment With Specific Allowance Valuation | ' | ' | ' |
Recorded Investment | 1,843 | 3,329 | 2,767 |
Unpaid Principal Balance | 2,076 | 3,800 | 3,000 |
Average Recorded Investment | 2,636 | 3,551 | 3,359 |
Related Specific Allowance Valuation | ' | ' | ' |
Real Estate [Member] | Nonowner-occupied commercial [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Recorded Investment With No Specific Allowance Valuation | 2,843 | 908 | 832 |
Recorded Investment With Specific Allowance Valuation | ' | ' | ' |
Recorded Investment | 2,843 | 908 | 832 |
Unpaid Principal Balance | 2,862 | 908 | 835 |
Average Recorded Investment | 1,685 | 786 | 799 |
Related Specific Allowance Valuation | ' | ' | ' |
Construction [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Recorded Investment With No Specific Allowance Valuation | ' | 283 | ' |
Recorded Investment With Specific Allowance Valuation | 361 | ' | 283 |
Recorded Investment | 361 | 283 | 283 |
Unpaid Principal Balance | 361 | 283 | 373 |
Average Recorded Investment | 370 | 635 | 546 |
Related Specific Allowance Valuation | 123 | ' | 38 |
Construction [Member] | Multi-family residential [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Recorded Investment With No Specific Allowance Valuation | ' | ' | ' |
Recorded Investment With Specific Allowance Valuation | ' | ' | ' |
Recorded Investment | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' |
Average Recorded Investment | ' | ' | ' |
Related Specific Allowance Valuation | ' | ' | ' |
Construction [Member] | Residential 1-4 family [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Recorded Investment With No Specific Allowance Valuation | ' | ' | ' |
Recorded Investment With Specific Allowance Valuation | ' | ' | ' |
Recorded Investment | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' |
Average Recorded Investment | ' | ' | ' |
Related Specific Allowance Valuation | ' | ' | ' |
Construction [Member] | Commercial real estate [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Recorded Investment With No Specific Allowance Valuation | ' | ' | ' |
Recorded Investment With Specific Allowance Valuation | ' | ' | ' |
Recorded Investment | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' |
Average Recorded Investment | ' | ' | ' |
Related Specific Allowance Valuation | ' | ' | ' |
Construction [Member] | Commercial bare land and acquisition & development [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Recorded Investment With No Specific Allowance Valuation | ' | ' | ' |
Recorded Investment With Specific Allowance Valuation | ' | ' | ' |
Recorded Investment | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' |
Average Recorded Investment | ' | 178 | 133 |
Related Specific Allowance Valuation | ' | ' | ' |
Construction [Member] | Residential bare land and acquisition & development [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Recorded Investment With No Specific Allowance Valuation | ' | 283 | ' |
Recorded Investment With Specific Allowance Valuation | 361 | ' | 283 |
Recorded Investment | 361 | 283 | 283 |
Unpaid Principal Balance | 361 | 283 | 373 |
Average Recorded Investment | 370 | 457 | 413 |
Related Specific Allowance Valuation | $123 | ' | $38 |
Loans_Allowance_for_Loan_Losse9
Loans, Allowance for Loan Losses, and Credit Quality Indicators - Schedule of Troubled Debt Restructurings by Class (Detail) (USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Contract | Contract | Contract | |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | 28 | 26 | 24 |
Post-Modification Outstanding Recorded Investment | $7,395 | $6,185 | $5,861 |
Commercial and other [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | 11 | 11 | 10 |
Post-Modification Outstanding Recorded Investment | 2,527 | 2,406 | 2,379 |
Consumer loans [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | ' | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' | ' |
Real Estate [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | 17 | 15 | 14 |
Post-Modification Outstanding Recorded Investment | 4,868 | 3,779 | 3,482 |
Real Estate [Member] | Multi-family residential [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | ' | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' | ' |
Real Estate [Member] | Residential 1-4 family [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | 7 | 8 | 7 |
Post-Modification Outstanding Recorded Investment | 781 | 1,108 | 819 |
Real Estate [Member] | Owner-occupied commercial [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | 4 | 5 | 5 |
Post-Modification Outstanding Recorded Investment | 1,244 | 1,973 | 1,949 |
Real Estate [Member] | Nonowner-occupied commercial [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | 6 | 2 | 2 |
Post-Modification Outstanding Recorded Investment | 2,843 | 698 | 714 |
Construction [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | ' | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' | ' |
Construction [Member] | Multi-family residential [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | ' | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' | ' |
Construction [Member] | Residential 1-4 family [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | ' | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' | ' |
Construction [Member] | Commercial real estate [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | ' | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' | ' |
Construction [Member] | Commercial bare land and acquisition & development [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | ' | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' | ' |
Construction [Member] | Residential bare land and acquisition & development [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | ' | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' | ' |
Recovered_Sheet1
Loans, Allowance for Loan Losses, and Credit Quality Indicators - Schedule of Restructured Loans (Detail) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Financing Receivable, Modifications [Line Items] | ' | ' |
Rate Modification | ' | $877 |
Term Modification | 1,874 | 778 |
Interest-only Modification | 1,118 | 524 |
Combination Modification | ' | 954 |
Commercial and other [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Rate Modification | ' | ' |
Term Modification | 276 | 778 |
Interest-only Modification | 570 | 524 |
Combination Modification | ' | 680 |
Consumer loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Rate Modification | ' | ' |
Term Modification | ' | ' |
Interest-only Modification | ' | ' |
Combination Modification | ' | ' |
Real Estate [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Rate Modification | ' | 877 |
Term Modification | 1,598 | ' |
Interest-only Modification | 548 | ' |
Combination Modification | ' | 274 |
Real Estate [Member] | Multi-family residential [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Rate Modification | ' | ' |
Term Modification | ' | ' |
Interest-only Modification | ' | ' |
Combination Modification | ' | ' |
Real Estate [Member] | Residential 1-4 family [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Rate Modification | ' | 318 |
Term Modification | ' | ' |
Interest-only Modification | ' | ' |
Combination Modification | ' | 274 |
Real Estate [Member] | Owner-occupied commercial [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Rate Modification | ' | ' |
Term Modification | ' | ' |
Interest-only Modification | ' | ' |
Combination Modification | ' | ' |
Real Estate [Member] | Nonowner-occupied commercial [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Rate Modification | ' | 559 |
Term Modification | 1,598 | ' |
Interest-only Modification | 548 | ' |
Combination Modification | ' | ' |
Construction [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Rate Modification | ' | ' |
Term Modification | ' | ' |
Interest-only Modification | ' | ' |
Combination Modification | ' | ' |
Construction [Member] | Multi-family residential [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Rate Modification | ' | ' |
Term Modification | ' | ' |
Interest-only Modification | ' | ' |
Combination Modification | ' | ' |
Construction [Member] | Residential 1-4 family [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Rate Modification | ' | ' |
Term Modification | ' | ' |
Interest-only Modification | ' | ' |
Combination Modification | ' | ' |
Construction [Member] | Commercial real estate [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Rate Modification | ' | ' |
Term Modification | ' | ' |
Interest-only Modification | ' | ' |
Combination Modification | ' | ' |
Construction [Member] | Commercial bare land and acquisition & development [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Rate Modification | ' | ' |
Term Modification | ' | ' |
Interest-only Modification | ' | ' |
Combination Modification | ' | ' |
Construction [Member] | Residential bare land and acquisition & development [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Rate Modification | ' | ' |
Term Modification | ' | ' |
Interest-only Modification | ' | ' |
Combination Modification | ' | ' |
Recovered_Sheet2
Loans, Allowance for Loan Losses, and Credit Quality Indicators - Schedule of Troubled Debt Restructurings that Subsequently Defaulted (Detail) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Contract | Contract | |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | 7 |
Recorded Investment | ' | $1,425 |
Commercial and other [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | 4 |
Recorded Investment | ' | 289 |
Consumer loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Real Estate [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | 3 |
Recorded Investment | ' | 1,136 |
Real Estate [Member] | Multi-family residential [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Real Estate [Member] | Residential 1-4 family [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | 1 |
Recorded Investment | ' | 274 |
Real Estate [Member] | Owner-occupied commercial [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | 1 |
Recorded Investment | ' | 303 |
Real Estate [Member] | Nonowner-occupied commercial [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | 1 |
Recorded Investment | ' | 559 |
Construction [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Construction [Member] | Multi-family residential [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Construction [Member] | Residential 1-4 family [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Construction [Member] | Commercial real estate [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Construction [Member] | Commercial bare land and acquisition & development [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Construction [Member] | Residential bare land and acquisition & development [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Dental_Loan_Portfolio_Addition
Dental Loan Portfolio - Additional Information (Detail) (USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Receivables [Abstract] | ' | ' | ' |
Loans to dental professionals | $307,088 | $303,911 | $307,268 |
Percentage of total outstanding loans | 29.65% | 31.05% | 30.89% |
Government guarantees | $13,196 | $17,491 | $16,470 |
Percentage of outstanding dental loan | 4.30% | 5.76% | 5.36% |
Dental_Loan_Portfolio_Major_Cl
Dental Loan Portfolio - Major Classifications of Dental Loans (Detail) (Dental Loan [Member], USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total Loans Receivable | $307,088 | $307,268 | $303,911 |
Commercial and Other [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total Loans Receivable | 243,201 | 240,212 | 236,836 |
Real estate secured loans [Member] | Residential portfolio segment [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total Loans Receivable | 63,887 | 67,056 | 67,075 |
Real estate secured loans [Member] | Residential portfolio segment [Member] | Owner-occupied commercial [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total Loans Receivable | 60,871 | 59,279 | 59,868 |
Real estate secured loans [Member] | Residential portfolio segment [Member] | Other dental real estate loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total Loans Receivable | 2,600 | 1,967 | 2,021 |
Real estate secured loans [Member] | Residential portfolio segment [Member] | Dental construction loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total Loans Receivable | 416 | 5,810 | 5,186 |
Real estate secured loans [Member] | Real estate loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total Loans Receivable | $63,471 | $61,246 | $61,889 |
Dental_Loan_Portfolio_Dental_L
Dental Loan Portfolio - Dental Loan Total by Market (Detail) (Dental Loan [Member], USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans Receivable | $307,088 | $307,268 | $303,911 |
Local [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans Receivable | 164,271 | 178,673 | 181,396 |
National [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans Receivable | $142,817 | $128,595 | $122,515 |
Dental_Loan_Portfolio_Dental_P
Dental Loan Portfolio - Dental Portfolio Allowance Activity (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Balance, beginning of period | $15,675 | $16,303 | $15,917 | $16,346 |
Provision (reclassification) | ' | ' | ' | 250 |
Loans charged against allowance | -23 | -221 | -654 | -1,049 |
Recoveries credited to allowance | 70 | 720 | 459 | 1,255 |
Balance, end of period | 15,722 | 16,802 | 15,722 | 16,802 |
Dental Loan [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Balance, beginning of period | 4,136 | 3,522 | 3,730 | 2,683 |
Provision (reclassification) | -82 | -854 | 713 | 382 |
Loans charged against allowance | -19 | ' | -466 | -444 |
Recoveries credited to allowance | 49 | 20 | 107 | 67 |
Balance, end of period | $4,084 | $2,688 | $4,084 | $2,688 |
Dental_Loan_Portfolio_Credit_Q
Dental Loan Portfolio - Credit Quality Indicators (Detail) (Dental Loan [Member], USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total Loans Receivable | $307,088 | $307,268 | $303,911 |
Local [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total Loans Receivable | 164,271 | 178,673 | 181,396 |
National [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total Loans Receivable | 142,817 | 128,595 | 122,515 |
Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total Loans Receivable | 301,818 | 300,550 | 297,359 |
Pass [Member] | Local [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total Loans Receivable | 160,184 | 172,708 | 175,602 |
Pass [Member] | National [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total Loans Receivable | 141,634 | 127,842 | 121,757 |
Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total Loans Receivable | ' | ' | ' |
Special Mention [Member] | Local [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total Loans Receivable | ' | ' | ' |
Special Mention [Member] | National [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total Loans Receivable | ' | ' | ' |
Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total Loans Receivable | 5,270 | 6,718 | 6,552 |
Substandard [Member] | Local [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total Loans Receivable | 4,087 | 5,965 | 5,794 |
Substandard [Member] | National [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total Loans Receivable | 1,183 | 753 | 758 |
Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total Loans Receivable | ' | ' | ' |
Doubtful [Member] | Local [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total Loans Receivable | ' | ' | ' |
Doubtful [Member] | National [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total Loans Receivable | ' | ' | ' |
Dental_Loan_Portfolio_Aged_Ana
Dental Loan Portfolio - Aged Analysis of Dental Loans Receivable (Detail) (Dental Loan [Member], USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
30-59 Days Past Due Still Accruing | $601 | ' | $1,292 |
60-89 Days Past Due Still Accruing | ' | ' | 346 |
Greater Than 90 Days Still Accruing | ' | ' | ' |
Nonaccrual | 341 | 2,400 | 1,449 |
Total Past Due and Nonaccrual | 942 | 2,400 | 3,087 |
Total Current | 306,146 | 304,868 | 300,824 |
Total Loans Receivable | 307,088 | 307,268 | 303,911 |
Local [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
30-59 Days Past Due Still Accruing | 601 | ' | 1,292 |
60-89 Days Past Due Still Accruing | ' | ' | 346 |
Greater Than 90 Days Still Accruing | ' | ' | ' |
Nonaccrual | 119 | 2,176 | 1,225 |
Total Past Due and Nonaccrual | 720 | 2,176 | 2,863 |
Total Current | 163,551 | 176,497 | 178,533 |
Total Loans Receivable | 164,271 | 178,673 | 181,396 |
National [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
30-59 Days Past Due Still Accruing | ' | ' | ' |
60-89 Days Past Due Still Accruing | ' | ' | ' |
Greater Than 90 Days Still Accruing | ' | ' | ' |
Nonaccrual | 222 | 224 | 224 |
Total Past Due and Nonaccrual | 222 | 224 | 224 |
Total Current | 142,595 | 128,371 | 122,291 |
Total Loans Receivable | $142,817 | $128,595 | $122,515 |
Federal_Funds_and_Overnight_Fu1
Federal Funds and Overnight Funds Purchased - Additional Information (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Federal Home Loan Banks [Abstract] | ' | ' | ' |
Unsecured federal funds borrowing lines | $129,000,000 | ' | ' |
Unsecured federal funds borrowing lines outstanding | 670,000 | 5,150,000 | 0 |
Secured overnight borrowing line from Federal Reserve Bank | 71,557,000 | 92,579,000 | 92,712,000 |
Commercial loans pledged for Federal Reserve Bank borrowing line | 143,550,000 | ' | ' |
Outstanding borrowings | $0 | $0 | $0 |
Federal_Home_Loan_Bank_Borrowi2
Federal Home Loan Bank Borrowings - Additional Information (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Banking and Thrift [Abstract] | ' | ' | ' |
Percentage of federal home loan bank borrowings | 30.00% | ' | ' |
FHLB maximum borrowing line | $446,916 | $434,963 | $436,463 |
Pledged real estate loans and securities | 453,792 | ' | ' |
Discounted value on pledged real estate loans and securities | 299,083 | 229,547 | 225,546 |
Federal Home Loan Bank borrowings | $145,000 | $160,000 | $145,000 |
Federal_Home_Loan_Bank_Borrowi3
Federal Home Loan Bank Borrowings - Federal Home Loan Bank Borrowings by Year of Maturity and Applicable Interest Rate (Detail) (USD $) | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' | ' |
Federal Home Loan Bank borrowings | $145,000 | $160,000 | $145,000 |
2013 [Member] | ' | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' | ' |
FHLB borrowings, maturity date | '2013 | ' | ' |
Federal Home Loan Bank borrowings | ' | ' | 104,000 |
2014 [Member] | ' | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' | ' |
FHLB borrowings, maturity date | '2014 | ' | ' |
Federal Home Loan Bank borrowings | 104,000 | 119,000 | ' |
2015 [Member] | ' | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' | ' |
FHLB borrowings, maturity date | '2015 | ' | ' |
Federal Home Loan Bank borrowings | 13,500 | 13,500 | 13,500 |
2016 [Member] | ' | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' | ' |
FHLB borrowings, maturity date | '2016 | ' | ' |
Federal Home Loan Bank borrowings | 22,500 | 22,500 | 22,500 |
2017 [Member] | ' | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' | ' |
FHLB borrowings, maturity date | '2017 | ' | ' |
Current Rates | 2.28% | ' | ' |
Federal Home Loan Bank borrowings | 3,000 | 3,000 | 3,000 |
2018 [Member] | ' | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' | ' |
FHLB borrowings, maturity date | '2018 | ' | ' |
Federal Home Loan Bank borrowings | ' | ' | ' |
Thereafter [Member] | ' | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' | ' |
Current Rates | 3.85% | ' | ' |
Federal Home Loan Bank borrowings | $2,000 | $2,000 | $2,000 |
Minimum [Member] | 2014 [Member] | ' | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' | ' |
Current Rates | 0.21% | ' | ' |
Minimum [Member] | 2015 [Member] | ' | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' | ' |
Current Rates | 0.60% | ' | ' |
Minimum [Member] | 2016 [Member] | ' | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' | ' |
Current Rates | 1.84% | ' | ' |
Maximum [Member] | 2013 [Member] | ' | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' | ' |
Current Rates | ' | ' | ' |
Maximum [Member] | 2014 [Member] | ' | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' | ' |
Current Rates | 0.30% | ' | ' |
Maximum [Member] | 2015 [Member] | ' | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' | ' |
Current Rates | 1.60% | ' | ' |
Maximum [Member] | 2016 [Member] | ' | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' | ' |
Current Rates | 2.36% | ' | ' |
Maximum [Member] | 2018 [Member] | ' | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' | ' |
Current Rates | ' | ' | ' |
ShareBased_Compensation_Additi
Share-Based Compensation - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Share-based compensation, authorized shares | 1,550,000 | ' | 1,550,000 | ' |
Maximum percentage of awards to be granted at exercise prices | ' | ' | 100.00% | ' |
Additional shares granted and issued during period | ' | ' | 0 | 0 |
Fair value of liability-based awards vested during period | $0 | $0 | $0 | $0 |
Employee Stock Options [Member] | Minimum [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Share-based compensation, awards vesting period | ' | ' | '4 years | ' |
Employee Stock Options [Member] | Maximum [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Share-based compensation, awards vesting period | ' | ' | '10 years | ' |
Director Restricted Stock [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Additional shares granted and issued during period | ' | ' | 14,996 | 10,179 |
Employee RSUs [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Share-based compensation, awards vesting period | ' | ' | ' | '4 years |
Additional shares granted and issued during period | ' | ' | 127,051 | 145,420 |
Additional shares vested during period | ' | ' | 58,518 | ' |
Unrecognized compensation expense | $2,714 | ' | $2,714 | ' |
Forfeiture rates | ' | ' | 13.00% | ' |
Weighted-average period of time | ' | ' | '2 years 8 months 19 days | ' |
Employee RSUs [Member] | Vesting Period Four Years [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Additional shares vested during period | ' | ' | 116,771 | ' |
Employee RSUs [Member] | Vesting Period Two Years [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Additional shares vested during period | ' | ' | 9,902 | ' |
Employee RSUs [Member] | Vesting Period Immediate [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Additional shares vested during period | ' | ' | 378 | ' |
ShareBased_Compensation_Summar
Share-Based Compensation - Summary of Shares and Grant-Date Fair Market Values (Detail) (USD $) | 9 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Shares | 142,047 | 155,599 |
Fair Market Value | $1,879 | $1,476 |
Director Restricted Stock [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Shares | 14,996 | 10,179 |
Fair Market Value | 200 | 110 |
Employee Stock Options [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Shares | ' | ' |
Fair Market Value | ' | ' |
Employee Stock SARs [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Shares | ' | ' |
Fair Market Value | ' | ' |
Employee RSUs [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Shares | 127,051 | 145,420 |
Fair Market Value | $1,679 | $1,366 |
ShareBased_Compensation_Summar1
Share-Based Compensation - Summary of Restricted Stock Unit Activity (Detail) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Non-Vested Restricted Stock Units, Granted | 0 | 0 |
Employee RSUs [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Non-Vested Restricted Stock Units, Balance, beginning of period | 299,696 | ' |
Non-Vested Restricted Stock Units, Granted | 127,051 | 145,420 |
Non-Vested Restricted Stock Units, Vested shares issued | -58,518 | ' |
Non-Vested Restricted Stock Units, Vested shares surrendered for taxes | -36,384 | ' |
Non-Vested Restricted Stock Units, Forfeited or expired | -17,682 | ' |
Non-Vested Restricted Stock Units, Balance, end of period | 314,163 | ' |
Weighted Average Grant Date Fair Value, Balance, beginning of period | 9.79 | ' |
Weighted Average Grant Date Fair Value, Granted | 13.21 | ' |
Weighted Average Grant Date Fair Value, Vested shares issued | 9.65 | ' |
Weighted Average Grant Date Fair Value, Vested shares surrendered for taxes | 9.65 | ' |
Weighted Average Grant Date Fair Value, Forfeited or expired | 10.49 | ' |
Weighted Average Grant Date Fair Value, Balance, end of period | 11.18 | ' |
ShareBased_Compensation_Schedu
Share-Based Compensation - Schedule of Compensation Expenses and Tax Benefits (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Compensation Expense | $332 | $279 | $1,202 | $877 |
Tax Benefit | 126 | 101 | 452 | 309 |
Director Restricted Stock [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Compensation Expense | ' | ' | 200 | 110 |
Tax Benefit | ' | ' | 76 | 39 |
Employee Stock Options [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Compensation Expense | ' | 13 | 13 | 56 |
Tax Benefit | ' | ' | ' | ' |
Employee Stock SARs [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Compensation Expense | ' | 27 | 26 | 100 |
Tax Benefit | ' | 10 | 10 | 38 |
Employee RSUs [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Compensation Expense | 327 | 229 | 888 | 601 |
Tax Benefit | 124 | 87 | 337 | 228 |
Employee Cash SARs [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Compensation Expense | 5 | 10 | 75 | 10 |
Tax Benefit | $2 | $4 | $29 | $4 |
ShareBased_Compensation_Summar2
Share-Based Compensation - Summary of Stock Options, Employee Stock SARs, and Employee Cash SARs Exercised (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Employee Stock Options [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Number Exercised | ' | ' | 16,779 | ' |
Weighted Average Exercise Price | ' | ' | $11 | ' |
Intrinsic Value | ' | ' | $57 | ' |
Number of Shares Issued | ' | ' | ' | ' |
Employee Stock SARs [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Number Exercised | 2,901 | 4,664 | 17,151 | 4,664 |
Weighted Average Exercise Price | $11.72 | $11.78 | $11.84 | $11.78 |
Intrinsic Value | 3 | 4 | 28 | 4 |
Number of Shares Issued | 234 | 306 | 1,876 | 306 |
Employee Cash SARs [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Number Exercised | 1,417 | 845 | 8,055 | 845 |
Weighted Average Exercise Price | $12.07 | $12.07 | $12.18 | $12.07 |
Net Cash Payment to Employees | $1 | $1 | $10 | $1 |
Fair_Value_Estimated_Fair_Valu
Fair Value - Estimated Fair Values of Financial Instruments (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Financial assets: | ' | ' | ' |
Cash and cash equivalents | $24,512 | $21,108 | $42,609 |
Securities available-for-sale | 348,052 | 347,386 | 347,506 |
Interest receivable | 4,759 | 4,703 | 4,608 |
Bank-owned life insurance | 16,488 | 16,136 | 16,008 |
Financial liabilities: | ' | ' | ' |
Deposits | 1,145,235 | 1,090,981 | 1,117,529 |
Federal funds and overnight funds purchased | 670 | 5,150 | ' |
Federal Home Loan Bank borrowings | 145,000 | 160,000 | 145,000 |
Junior subordinated debentures | 8,248 | 8,248 | 8,248 |
Carrying Amount [Member] | ' | ' | ' |
Financial assets: | ' | ' | ' |
Cash and cash equivalents | 24,512 | 21,108 | 42,609 |
Securities available-for-sale | 348,052 | 347,386 | 347,506 |
Loans | 1,034,849 | 993,845 | 977,718 |
Federal Home Loan Bank stock | 10,125 | 10,425 | 10,523 |
Interest receivable | 4,759 | 4,703 | 4,608 |
Bank-owned life insurance | 16,488 | 16,136 | 16,008 |
Swap derivative | 275 | 405 | 313 |
Financial liabilities: | ' | ' | ' |
Deposits | 1,145,235 | 1,090,981 | 1,117,529 |
Federal funds and overnight funds purchased | 670 | 5,150 | ' |
Federal Home Loan Bank borrowings | 145,000 | 160,000 | 145,000 |
Junior subordinated debentures | 8,248 | 8,248 | 8,248 |
Accrued interest payable | 194 | 193 | 195 |
Fair Value [Member] | ' | ' | ' |
Financial assets: | ' | ' | ' |
Cash and cash equivalents | 24,512 | 21,108 | 42,609 |
Securities available-for-sale | 348,052 | 347,386 | 347,506 |
Loans | 1,019,916 | 980,334 | 967,188 |
Federal Home Loan Bank stock | 10,125 | 10,425 | 10,523 |
Interest receivable | 4,759 | 4,703 | 4,608 |
Bank-owned life insurance | 16,488 | 16,136 | 16,008 |
Swap derivative | 275 | 405 | 313 |
Financial liabilities: | ' | ' | ' |
Deposits | 1,145,558 | 1,091,355 | 1,117,840 |
Federal funds and overnight funds purchased | 670 | 5,150 | ' |
Federal Home Loan Bank borrowings | 145,818 | 160,984 | 146,032 |
Junior subordinated debentures | 2,365 | 2,265 | 2,235 |
Accrued interest payable | $194 | $193 | $195 |
Fair_Value_Fair_Value_Hierarch
Fair Value - Fair Value Hierarchy for Assets and Liabilities Not Measured at Fair Value (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Financial assets: | ' | ' | ' |
Cash and cash equivalents | $24,512 | $21,108 | $42,609 |
Loans | 1,034,849 | 993,845 | 977,718 |
Federal Home Loan Bank stock | 10,125 | 10,425 | 10,523 |
Accrued interest receivable | 4,759 | 4,703 | 4,608 |
Bank-owned life insurance | 16,488 | 16,136 | 16,008 |
Financial liabilities: | ' | ' | ' |
Deposits | 1,145,235 | 1,090,981 | 1,117,529 |
Federal funds and overnight funds purchased | 670 | 5,150 | ' |
Federal Home Loan Bank borrowings | 145,000 | 160,000 | 145,000 |
Junior subordinated debentures | 8,248 | 8,248 | 8,248 |
Accrued interest payable | 194 | 193 | 4,423 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' | ' |
Financial assets: | ' | ' | ' |
Cash and cash equivalents | 24,512 | 21,108 | 42,609 |
Loans | ' | ' | ' |
Federal Home Loan Bank stock | 10,125 | 10,425 | 10,523 |
Accrued interest receivable | 4,759 | 4,703 | 4,608 |
Bank-owned life insurance | 16,488 | 16,136 | 16,008 |
Financial liabilities: | ' | ' | ' |
Deposits | ' | ' | ' |
Federal funds and overnight funds purchased | 670 | 5,150 | ' |
Federal Home Loan Bank borrowings | ' | ' | ' |
Junior subordinated debentures | ' | ' | ' |
Accrued interest payable | 194 | 193 | 4,423 |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' |
Financial assets: | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' |
Loans | ' | ' | ' |
Federal Home Loan Bank stock | ' | ' | ' |
Accrued interest receivable | ' | ' | ' |
Bank-owned life insurance | ' | ' | ' |
Financial liabilities: | ' | ' | ' |
Deposits | 1,145,558 | 1,091,355 | 1,117,840 |
Federal funds and overnight funds purchased | ' | ' | ' |
Federal Home Loan Bank borrowings | 145,818 | 160,984 | 146,032 |
Junior subordinated debentures | 2,365 | 2,265 | 2,235 |
Accrued interest payable | ' | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' |
Financial assets: | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' |
Loans | 1,019,916 | 980,334 | 967,188 |
Federal Home Loan Bank stock | ' | ' | ' |
Accrued interest receivable | ' | ' | ' |
Bank-owned life insurance | ' | ' | ' |
Financial liabilities: | ' | ' | ' |
Deposits | ' | ' | ' |
Federal funds and overnight funds purchased | ' | ' | ' |
Federal Home Loan Bank borrowings | ' | ' | ' |
Junior subordinated debentures | ' | ' | ' |
Accrued interest payable | ' | ' | ' |
Fair_Value_Assets_Measured_at_
Fair Value - Assets Measured at Fair Value on Recurring Basis (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | $348,052 | $347,386 | $347,506 |
Obligations of U.S. government agencies [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 38,948 | 30,847 | 26,900 |
Obligations of states and political subdivisions [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 82,988 | 78,795 | 79,365 |
Mortgage-backed securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 205,921 | 223,720 | 235,085 |
Private-label mortgage-backed securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 4,127 | 5,314 | 6,156 |
SBA variable rate pools [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 16,068 | 8,710 | ' |
Swap derivative [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 275 | 405 | 313 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | ' | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Obligations of U.S. government agencies [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | ' | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Obligations of states and political subdivisions [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | ' | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Mortgage-backed securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | ' | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Private-label mortgage-backed securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | ' | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | SBA variable rate pools [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | ' | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Swap derivative [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | ' | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 346,688 | 346,005 | 346,287 |
Significant Other Observable Inputs (Level 2) [Member] | Obligations of U.S. government agencies [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 38,948 | 30,847 | 26,900 |
Significant Other Observable Inputs (Level 2) [Member] | Obligations of states and political subdivisions [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 82,988 | 78,795 | 79,365 |
Significant Other Observable Inputs (Level 2) [Member] | Mortgage-backed securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 205,921 | 223,720 | 235,085 |
Significant Other Observable Inputs (Level 2) [Member] | Private-label mortgage-backed securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 2,488 | 3,528 | 4,624 |
Significant Other Observable Inputs (Level 2) [Member] | SBA variable rate pools [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 16,068 | 8,710 | ' |
Significant Other Observable Inputs (Level 2) [Member] | Swap derivative [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 275 | 405 | 313 |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 1,639 | 1,786 | 1,532 |
Significant Unobservable Inputs (Level 3) [Member] | Obligations of U.S. government agencies [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | ' | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | Obligations of states and political subdivisions [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | ' | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | Mortgage-backed securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | ' | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | Private-label mortgage-backed securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 1,639 | 1,786 | 1,532 |
Significant Unobservable Inputs (Level 3) [Member] | SBA variable rate pools [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | ' | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | Swap derivative [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | ' | ' | ' |
Fair_Value_Additional_Informat
Fair Value - Additional Information (Detail) (USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Security | Security | Security | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Transfer of security from levels 1 and 2 to level 3 | 0 | 0 | 0 |
Carrying value of loans fully charged off | $0 | ' | ' |
Other Real Estate Owned [Member] | Impaired Loans [Member] | Minimum [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Term period for external appraisals | '6 months | ' | ' |
Other Real Estate Owned [Member] | Impaired Loans [Member] | Maximum [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Term period for external appraisals | '12 months | ' | ' |
Fair_Value_Reconciliation_of_A
Fair Value - Reconciliation of Assets Measured at Fair Value on Recurring Basis (Detail) (Significant Unobservable Inputs (Level 3) [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' |
Beginning balance | $1,693 | $1,589 | $1,786 | $1,682 |
Transfers to Level 3 | ' | ' | ' | ' |
Transfers out of Level 3 | ' | ' | ' | ' |
Total gains or losses | ' | ' | ' | ' |
Included in earnings | ' | ' | ' | ' |
Included in other comprehensive income | -19 | 31 | -30 | 98 |
Paydowns | -35 | -88 | -117 | -248 |
Purchases, issuances, sales and settlements | ' | ' | ' | ' |
Purchases | ' | ' | ' | ' |
Issuances | ' | ' | ' | ' |
Sales | ' | ' | ' | ' |
Settlements | ' | ' | ' | ' |
Ending balance | $1,639 | $1,532 | $1,639 | $1,532 |
Fair_Value_Assets_Measured_at_1
Fair Value - Assets Measured at Fair Value on Nonrecurring Basis (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Loans measured for impairment (net of government guarantees and specific reserves) | $3,254 | $5,749 | $6,948 |
Other real estate owned | 13,177 | 16,355 | 16,602 |
Total | 16,431 | 22,104 | 23,550 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Loans measured for impairment (net of government guarantees and specific reserves) | ' | ' | ' |
Other real estate owned | ' | ' | ' |
Total | ' | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Loans measured for impairment (net of government guarantees and specific reserves) | ' | ' | ' |
Other real estate owned | ' | ' | ' |
Total | ' | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Loans measured for impairment (net of government guarantees and specific reserves) | 3,254 | 5,749 | 6,948 |
Other real estate owned | 13,177 | 16,355 | 16,602 |
Total | $16,431 | $22,104 | $23,550 |
Derivative_Instruments_Additio
Derivative Instruments - Additional Information (Detail) (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 |
Derivatives, Fair Value [Line Items] | ' |
Interest rate swap agreement notional amount | $8,000 |
Gain or loss recognized in earnings | 0 |
Pledging under collateral arrangements | 400 |
Junior Subordinated Debentures [Member] | ' |
Derivatives, Fair Value [Line Items] | ' |
Debt instrument maturity term | '7 years |
Debt instrument interest rate | 2.73% |
Cash Flow Hedging [Member] | ' |
Derivatives, Fair Value [Line Items] | ' |
Unrealized gain on fair value of derivative instrument | $275 |
Regulatory_Matters_Schedule_of
Regulatory Matters - Schedule of Compliance with Regulatory Capital Requirements (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Bank [Member] | ' | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' | ' |
Total capital (to risk weighted assets), Actual Amount | $176,519 | $174,311 | $174,025 |
Total capital (to risk weighted assets), Actual Ratio | 15.69% | 15.89% | 16.16% |
Tier 1 capital (to risk weighted assets), Actual Amount | 162,342 | 160,572 | 160,517 |
Tier 1 capital (to risk weighted assets), Actual Ratio | 14.34% | 14.64% | 14.90% |
Tier 1 capital (to leverage assets), Actual Amount | 162,342 | 160,572 | 160,517 |
Tier 1 capital (to leverage assets), Actual Ratio | 11.12% | 11.29% | 11.36% |
Total capital (to risk weighted assets), For Capital Adequacy Purposes Amount | 90,593 | 87,744 | 86,172 |
Tier 1 capital (to risk weighted assets), For Capital Adequacy Purposes Amount | 45,297 | 43,872 | 43,086 |
Tier 1 capital (to leverage assets), For Capital Adequacy Purposes Amount | 58,385 | 56,887 | 56,520 |
Total capital (to risk weighted assets), For Capital Adequacy Purposes Ratio | 8.00% | 8.00% | 8.00% |
Tier 1 capital (to risk weighted assets), For Capital Adequacy Purposes Ratio | 4.00% | 4.00% | 4.00% |
Tier 1 capital (to leverage assets), For Capital Adequacy Purposes Ratio | 4.00% | 4.00% | 4.00% |
Total capital (to risk weighted assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | 113,241 | 109,680 | 107,715 |
Tier 1 capital (to risk weighted assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | 67,945 | 65,808 | 64,629 |
Tier 1 capital (to leverage assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | 72,981 | 71,109 | 70,650 |
Total capital (to risk weighted assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 10.00% | 10.00% | 10.00% |
Tier 1 capital (to risk weighted assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 6.00% | 6.00% | 6.00% |
Tier 1 capital (to leverage assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 5.00% | 5.00% | 5.00% |
Company [Member] | ' | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' | ' |
Total capital (to risk weighted assets), Actual Amount | 177,718 | 177,209 | 176,929 |
Total capital (to risk weighted assets), Actual Ratio | 15.69% | 16.15% | 16.42% |
Tier 1 capital (to risk weighted assets), Actual Amount | 163,541 | 163,470 | 163,421 |
Tier 1 capital (to risk weighted assets), Actual Ratio | 14.44% | 14.90% | 15.16% |
Tier 1 capital (to leverage assets), Actual Amount | $163,541 | $163,470 | $163,421 |
Tier 1 capital (to leverage assets), Actual Ratio | 11.20% | 11.49% | 11.56% |