Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 31, 2013 | |
Entity Information [Line Items] | ' | ' |
Entity Registrant Name | 'METRO BANCORP, INC. | ' |
Entity Central Index Key | '0001085706 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Amendment Flag | 'false | ' |
Entity Common Stock, Shares Outstanding | ' | 14,155,303 |
Consolidated_Balance_Sheets_Un
Consolidated Balance Sheets (Unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Cash and cash equivalents | $59,382 | $56,582 |
Securities, available for sale at fair value | 612,151 | 675,109 |
Securities, held to maturity at cost (fair value 2013: $262,976; 2012: $273,671) | 277,224 | 269,783 |
Loans, held for sale | 5,011 | 15,183 |
Loans receivable, net of allowance for loan losses (allowance 2013: $27,425; 2012: $25,282) | 1,675,251 | 1,503,515 |
Restricted investments in bank stock | 18,538 | 15,450 |
Premises and equipment, net | 76,447 | 78,788 |
Other assets | 31,978 | 20,465 |
Total assets | 2,755,982 | 2,634,875 |
Liabilities and Stockholders' Equity | ' | ' |
Noninterest-bearing | 436,013 | 455,000 |
Interest-bearing | 1,741,058 | 1,776,291 |
Total deposits | 2,177,071 | 2,231,291 |
Short-term borrowings | 316,225 | 113,225 |
Long-term debt | 15,800 | 40,800 |
Other liabilities | 15,945 | 14,172 |
Total liabilities | 2,525,041 | 2,399,488 |
Stockholders' Equity: | ' | ' |
Preferred stock - Series A noncumulative; $10.00 par value; $1,000,000 liquidation preference; (1,000,000 shares authorized; 40,000 shares issued and outstanding) | 400 | 400 |
Common stock - $1.00 par value; 25,000,000 shares authorized; (issued and outstanding shares 2013: 14,150,737; 2012: 14,131,263) | 14,151 | 14,131 |
Surplus | 158,415 | 157,305 |
Retained earnings | 68,620 | 56,311 |
Accumulated other comprehensive income (loss) | -10,645 | 7,240 |
Total stockholders' equity | 230,941 | 235,387 |
Total liabilities and stockholders' equity | $2,755,982 | $2,634,875 |
Consolidated_Balance_Sheets_Un1
Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Current Assets: | ' | ' |
Securities, held to maturity fair value | $262,976,000 | $273,671,000 |
Allowance for loan losses | 27,425,000 | 25,282,000 |
Stockholders' Equity: | ' | ' |
Preferred stock, par value | $10 | $10 |
Preferred stock, liquidation preference | $1,000,000 | $1,000,000 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 40,000 | 40,000 |
Preferred stock, shares outstanding | 40,000 | 40,000 |
Common stock, par value | $1 | $1 |
Common stock, shares authorized | 25,000,000 | 25,000,000 |
Common stock, shares issued | 14,150,737 | 14,131,263 |
Common stock, shares outstanding | 14,150,737 | 14,131,263 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Loans receivable, including fees: | ' | ' | ' | ' |
Taxable | $18,752 | $18,084 | $55,239 | $53,919 |
Tax-exempt | 908 | 929 | 2,744 | 2,693 |
Securities: | ' | ' | ' | ' |
Taxable | 5,021 | 5,094 | 15,387 | 16,332 |
Tax-exempt | 185 | 148 | 553 | 267 |
Federal funds sold | 0 | 0 | 0 | 1 |
Total interest income | 24,866 | 24,255 | 73,923 | 73,212 |
Interest Expense | ' | ' | ' | ' |
Deposits | 1,503 | 1,842 | 4,647 | 5,924 |
Short-term borrowings | 189 | 43 | 501 | 170 |
Long-term debt | 307 | 592 | 974 | 1,754 |
Total interest expense | 1,999 | 2,477 | 6,122 | 7,848 |
Net interest income | 22,867 | 21,778 | 67,801 | 65,364 |
Provision for loan losses | 1,200 | 2,500 | 5,300 | 7,950 |
Net interest income after provision for loan losses | 21,667 | 19,278 | 62,501 | 57,414 |
Noninterest Income | ' | ' | ' | ' |
Service charges, fees and other operating income | 7,368 | 6,833 | 21,393 | 20,786 |
Net gains on sales of loans | 148 | 352 | 811 | 953 |
Total fees and other income | 7,516 | 7,185 | 22,204 | 21,739 |
Other-than-temporary impairment (OTTI) losses | 0 | 0 | 0 | -649 |
Portion recognized in other comprehensive income (before taxes) | 0 | 0 | 0 | 0 |
Net impairment loss on investment securities | 0 | 0 | 0 | -649 |
Net gains (losses) on sales/calls of securities | 0 | -37 | 21 | 959 |
Total noninterest income | 7,516 | 7,148 | 22,225 | 22,049 |
Noninterest Expenses | ' | ' | ' | ' |
Salaries and employee benefits | 10,761 | 10,021 | 31,977 | 30,725 |
Occupancy | 2,205 | 2,105 | 6,478 | 6,238 |
Furniture and equipment | 1,114 | 1,160 | 3,386 | 3,664 |
Advertising and marketing | 610 | 446 | 1,427 | 1,247 |
Data processing | 3,206 | 3,220 | 9,688 | 9,883 |
Regulatory assessments and related costs | 588 | 1,847 | 1,673 | 3,522 |
Telephone | 888 | 881 | 2,716 | 2,588 |
Loan expense | 306 | 339 | 1,675 | 1,030 |
Foreclosed real estate | 54 | 399 | 269 | 1,543 |
Pennsylvania shares tax | 552 | 437 | 1,690 | 1,456 |
Other | 2,159 | 2,198 | 6,153 | 6,762 |
Total noninterest expenses | 22,443 | 23,053 | 67,132 | 68,658 |
Income before taxes | 6,740 | 3,373 | 17,594 | 10,805 |
Provision for federal income taxes | 2,064 | 1,381 | 5,225 | 3,367 |
Net income | $4,676 | $1,992 | $12,369 | $7,438 |
Net Income per Common Share | ' | ' | ' | ' |
Basic (in dollars per share) | $0.33 | $0.14 | $0.87 | $0.52 |
Diluted (in dollars per share) | $0.33 | $0.14 | $0.86 | $0.52 |
Average Common and Common Equivalent Shares Outstanding | ' | ' | ' | ' |
Basic (in shares) | 14,145 | 14,129 | 14,138 | 14,128 |
Diluted (in shares) | 14,315 | 14,129 | 14,248 | 14,128 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Net income | $4,676 | $1,992 | $12,369 | $7,438 | ||||
Other comprehensive (loss) income, net of tax: | ' | ' | ' | ' | ||||
Net unrealized holding (losses) gains arising during the period (net of taxes for the three months 2013: ($1,450); 2012: $711, net of taxes for the nine months 2013: ($9,586); 2012: $1,858) | -2,692 | 1,381 | -18,118 | 3,608 | ||||
Reclassification adjustment for net realized losses (gains) on securities recorded in income [1] (net of taxes for the three months 2013: $0; 2012: $13, net of taxes for the nine months 2013: $125; 2012: ($213)) | 0 | [1] | 24 | [1] | 233 | [1] | -414 | [1] |
Reclassification for OTTI credit losses recorded in income (net of taxes for the nine months 2012: $221) | 0 | 0 | 0 | 428 | ||||
Other comprehensive (loss) income | -2,692 | 1,405 | -17,885 | 3,622 | ||||
Total comprehensive (loss) income | $1,984 | $3,397 | ($5,516) | $11,060 | ||||
[1] | Amounts are included in net gains on sales/calls of securities on the Consolidated Statements of Income in total noninterest income. |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Taxes, unrealized holding gains (losses) arising during the period | ($1,450) | $711 | ($9,586) | $1,858 |
Taxes, reclassification adjustment for net realized (gains) losses on securities recorded in income | 0 | 13 | 125 | -213 |
Taxes, reclassification for OTTI credit losses recorded in income | $0 | $0 | $0 | $221 |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (Unaudited) (USD $) | Total | Preferred Stock [Member] | Common Stock [Member] | Surplus [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive (Loss) Income [Member] |
In Thousands, unless otherwise specified | ||||||
Beginning balance at Dec. 31, 2011 | $220,020 | $400 | $14,125 | $156,184 | $45,497 | $3,814 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 7,438 | 0 | 0 | 0 | 7,438 | 0 |
Other comprehensive (loss) income | 3,622 | 0 | 0 | 0 | 0 | 3,622 |
Dividends declared on preferred stock | -60 | 0 | 0 | 0 | -60 | 0 |
Common stock issued under employee stock purchase plan | 0 | 0 | 0 | 0 | 0 | 0 |
Proceeds from issuance of common stock in connection with dividend reinvestment and stock purchase plan | 50 | 0 | 3 | 47 | 0 | 0 |
Common stock share-based awards | 752 | 0 | 0 | 752 | 0 | 0 |
Ending balance at Sep. 30, 2012 | 231,822 | 400 | 14,128 | 156,983 | 52,875 | 7,436 |
Beginning balance at Dec. 31, 2012 | 235,387 | 400 | 14,131 | 157,305 | 56,311 | 7,240 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 12,369 | 0 | 0 | 0 | 12,369 | 0 |
Other comprehensive (loss) income | -17,885 | 0 | 0 | 0 | 0 | -17,885 |
Dividends declared on preferred stock | -60 | 0 | 0 | 0 | -60 | 0 |
Common stock issued under stock option plans, including tax benefit | 252 | 0 | 18 | 234 | 0 | 0 |
Common stock issued under employee stock purchase plan | 1 | 0 | 0 | 1 | 0 | 0 |
Proceeds from issuance of common stock in connection with dividend reinvestment and stock purchase plan | 70 | 0 | 2 | 68 | 0 | 0 |
Common stock share-based awards | 807 | 0 | 0 | 807 | 0 | 0 |
Ending balance at Sep. 30, 2013 | $230,941 | $400 | $14,151 | $158,415 | $68,620 | ($10,645) |
Consolidated_Statements_of_Sto1
Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) (USD $) | 9 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Common stock, shares issued under stock option plans | 17,510 | 0 |
Tax benefit on exercise of stock options | $34 | $0 |
Common stock, shares issued under employee stock purchase plan (shares) | 30 | 30 |
Common stock, shares issued in connection with dividend reinvestment and stock purchase plan (shares) | 1,934 | 3,433 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Operating Activities | ' | ' |
Net income | $12,369 | $7,438 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Provision for loan losses | 5,300 | 7,950 |
Provision for depreciation and amortization | 3,907 | 4,447 |
Deferred income taxes (benefit) expense | -781 | 19 |
Amortization of securities premiums and accretion of discounts (net) | 722 | 1,162 |
Losses (gains) on sales of available for sales securities (net) | 358 | -627 |
Gains on sales/calls of held to maturity securities | -379 | -332 |
Other-than-temporary impairment losses on investment securities | 0 | 649 |
Proceeds from sales of other loans originated for sale | 44,337 | 55,558 |
Loans originated for sale | -33,297 | -54,097 |
Gains on sales of loans (net) | -811 | -953 |
Loss on write-down on foreclosed real estate | 27 | 257 |
Losses on sales of foreclosed real estate (net) | 48 | 785 |
Losses on disposal of premises and equipment (net) | 216 | 3 |
Stock-based compensation | 807 | 752 |
Amortization of deferred loan origination fees and costs (net) | 2,031 | 2,005 |
(Increase) decrease in other assets | -74 | 4,026 |
Increase (decrease) in other liabilities | 1,127 | -2,018 |
Net cash provided by operating activities | 35,907 | 27,024 |
Securities available for sale: | ' | ' |
Proceeds from principal repayments, calls and maturities | 116,049 | 124,827 |
Proceeds from sales | 76,262 | 252,563 |
Purchases | -157,777 | -378,959 |
Securities held to maturity: | ' | ' |
Proceeds from principal repayments, calls and maturities | 62,629 | 141,416 |
Proceeds from sales | 13,600 | 4,822 |
Purchases | -83,292 | -122,849 |
Proceeds from sale of loans receivable | 4,952 | 0 |
Proceeds from sales of foreclosed real estate | 1,547 | 3,450 |
Increase in loans receivable (net) | -186,249 | -76,290 |
(Purchase) redemption of restricted investment in bank stock (net) | -3,088 | 3,077 |
Proceeds from sale of premises and equipment | 316 | 14 |
Purchases of premises and equipment | -2,098 | -3,048 |
Net cash used by investing activities | -157,149 | -50,977 |
Financing Activities | ' | ' |
(Decrease) increase in demand, interest checking, money market, and savings deposits (net) | -40,477 | 193,994 |
Decrease in time and other noncore deposits (net) | -13,743 | -21,636 |
Increase (decrease) in short-term borrowings (net) | 203,000 | -65,000 |
Repayment of long-term borrowings | -25,000 | 0 |
Proceeds from common stock options exercised | 218 | 0 |
Proceeds from dividend reinvestment and common stock purchase plan | 70 | 50 |
Tax benefit on exercise of stock options | 34 | 0 |
Cash dividends on preferred stock | -60 | -60 |
Net cash provided by financing activities | 124,042 | 107,348 |
Increase in cash and cash equivalents | 2,800 | 83,395 |
Cash and cash equivalents at beginning of year | 56,582 | 55,073 |
Cash and cash equivalents at end of period | 59,382 | 138,468 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid for interest on deposits and borrowings | 6,211 | 8,049 |
Cash paid for income taxes | 4,925 | 2,450 |
Supplemental schedule of noncash activities: | ' | ' |
Transfer of loans to foreclosed assets | $2,732 | $1,989 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Summary of Significant Accounting Policies | ' |
Summary of Significant Accounting Policies | |
Consolidated Financial Statements | |
The consolidated balance sheet at December 31, 2012 has been derived from audited consolidated financial statements and the consolidated interim financial statements included herein have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted pursuant to such rules and regulations. These consolidated financial statements were prepared in accordance with GAAP for interim financial statements and with instructions for Form 10-Q and Regulation S-X Section 210.10-01. Further information on Metro Bancorp, Inc.'s (Metro or the Company) accounting policies are available in Note 1 (Significant Accounting Policies) of the Notes to Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2012. The accompanying consolidated financial statements reflect all adjustments that are, in the opinion of management, necessary to reflect a fair statement of the results for the interim periods presented. Such adjustments are of a normal, recurring nature. | |
These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2012. Events occurring subsequent to the balance sheet date through the date of issuance have been evaluated for potential recognition or disclosure in the consolidated financial statements. The results for the nine months ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013. | |
The consolidated financial statements include the accounts of the Company and its consolidated subsidiaries including Metro Bank (the Bank). All material intercompany transactions have been eliminated. | |
Use of Estimates | |
The consolidated financial statements are prepared in conformity with GAAP. Accounting principles generally accepted in the United States of America require management to make estimates and assumptions that affect reported amounts of assets and liabilities and require disclosure of contingent assets and liabilities. In the opinion of management, all adjustments considered necessary for fair presentation have been included and are of a normal, recurring nature. Actual results could differ from these estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses (allowance or ALL), impaired loans, the valuation of foreclosed assets, the valuation of securities available for sale, the valuation of deferred tax assets, the determination of other-than-temporary impairment (OTTI) on the Company's investment securities portfolio and fair value measurements. | |
Recent Accounting Standards | |
In July 2013, the Financial Accounting Standards Board (FASB) issued guidance on the presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carry forward, a Similar Tax Loss, or a Tax Credit Carry forward Exists. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carry forward, a similar tax loss, or a tax credit carry forward, except as follows: to the extent a net operating loss carry forward, a similar tax loss, or a tax credit carry forward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The effective date of this update for public entities is for fiscal years and interim periods, beginning after December 15, 2013. Early adoption is permitted. We do not believe the adoption of this guidance will have a material impact on our consolidated financial statements. |
Stockbased_Compensation
Stock-based Compensation | 9 Months Ended |
Sep. 30, 2013 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' |
Stock-Based Compensation | ' |
Stock-based Compensation | |
The fair value of each stock option grant was established at the date of grant using the Black-Scholes option pricing model. The Black-Scholes model used the following weighted-average assumptions for options granted during the nine months ended September 30, 2013 and 2012, respectively: risk-free interest rates of 1.4% and 1.7%; volatility factors of the expected market price of the Company's common stock of 41% and 48%; assumed forfeiture rates of 11.20% and 9.04%; weighted-average expected lives of the options of 7.5 years for both September 30, 2013 and September 30, 2012; and no cash dividends. Using these assumptions, the weighted-average fair value of options granted for the nine months ended September 30, 2013 and 2012 was $7.55 and $5.99 per option, respectively. In the first nine months of 2013, the Company granted 126,571 options to purchase shares of the Company's stock at exercise prices ranging from $16.53 to $21.01 per share. | |
The Company recorded stock-based compensation expense of approximately $807,000 and $752,000 during the first nine months ended September 30, 2013 and September 30, 2012, respectively. In accordance with Financial Accounting Standards Board (FASB) guidance on stock-based payments, during the first quarters of 2013 and 2012 the Company reversed $135,000 and $230,000, respectively, of expense that had been recorded in prior periods as a result of the reconcilement of projected option forfeitures to actual option forfeitures for all stock options granted during the first quarters of 2009 and 2008, respectively. |
Securities
Securities | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||
Securities | ' | ||||||||||||||||||
Securities | |||||||||||||||||||
 The amortized cost and fair value of securities are summarized in the following tables: | |||||||||||||||||||
September 30, 2013 | |||||||||||||||||||
(in thousands) | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | |||||||||||||||
Available for Sale: | |||||||||||||||||||
U.S. Government agency securities | $ | 33,995 | $ | — | $ | (3,623 | ) | $ | 30,372 | ||||||||||
Residential mortgage-backed securities | 67,323 | 12 | (2,274 | ) | 65,061 | ||||||||||||||
Agency collateralized mortgage obligations | 500,312 | 2,734 | (12,014 | ) | 491,032 | ||||||||||||||
Municipal securities | 26,897 | — | (1,211 | ) | 25,686 | ||||||||||||||
Total | $ | 628,527 | $ | 2,746 | $ | (19,122 | ) | $ | 612,151 | ||||||||||
Held to Maturity: | |||||||||||||||||||
U.S. Government agency securities | $ | 149,093 | $ | — | $ | (13,108 | ) | $ | 135,985 | ||||||||||
Residential mortgage-backed securities | 16,793 | 1,055 | — | 17,848 | |||||||||||||||
Agency collateralized mortgage obligations | 103,361 | 385 | (2,526 | ) | 101,220 | ||||||||||||||
Corporate debt securities | 5,000 | 94 | — | 5,094 | |||||||||||||||
Municipal securities | 2,977 | 4 | (152 | ) | 2,829 | ||||||||||||||
Total | $ | 277,224 | $ | 1,538 | $ | (15,786 | ) | $ | 262,976 | ||||||||||
December 31, 2012 | |||||||||||||||||||
(in thousands) | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | |||||||||||||||
Available for Sale: | |||||||||||||||||||
U.S. Government agency securities | $ | 33,994 | $ | 19 | $ | (252 | ) | $ | 33,761 | ||||||||||
Residential mortgage-backed securities | 55,614 | 1,596 | — | 57,210 | |||||||||||||||
Agency collateralized mortgage obligations | 547,641 | 9,971 | (745 | ) | 556,867 | ||||||||||||||
Municipal securities | 26,890 | 381 | — | 27,271 | |||||||||||||||
Total | $ | 664,139 | $ | 11,967 | $ | (997 | ) | $ | 675,109 | ||||||||||
Held to Maturity: | |||||||||||||||||||
U.S. Government agency securities | $ | 178,926 | $ | 700 | $ | (363 | ) | $ | 179,263 | ||||||||||
Residential mortgage-backed securities | 23,827 | 1,889 | — | 25,716 | |||||||||||||||
Agency collateralized mortgage obligations | 49,051 | 1,587 | — | 50,638 | |||||||||||||||
Corporate debt securities | 15,000 | 13 | — | 15,013 | |||||||||||||||
Municipal securities | 2,979 | 62 | — | 3,041 | |||||||||||||||
Total | $ | 269,783 | $ | 4,251 | $ | (363 | ) | $ | 273,671 | ||||||||||
The amortized cost and fair value of debt securities by contractual maturity at September 30, 2013 are shown in the following table. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations. | |||||||||||||||||||
Available for Sale | Held to Maturity | ||||||||||||||||||
(in thousands) | Amortized Cost | Fair Value | Amortized Cost | Fair Value | |||||||||||||||
Due in one year or less | $ | — | $ | — | $ | — | $ | — | |||||||||||
Due after one year through five years | — | — | 5,000 | 5,094 | |||||||||||||||
Due after five years through ten years | 47,482 | 43,453 | 70,000 | 63,648 | |||||||||||||||
Due after ten years | 13,410 | 12,605 | 82,070 | 75,166 | |||||||||||||||
60,892 | 56,058 | 157,070 | 143,908 | ||||||||||||||||
Residential mortgage-backed securities | 67,323 | 65,061 | 16,793 | 17,848 | |||||||||||||||
Agency collateralized mortgage obligations | 500,312 | 491,032 | 103,361 | 101,220 | |||||||||||||||
Total | $ | 628,527 | $ | 612,151 | $ | 277,224 | $ | 262,976 | |||||||||||
During the third quarter of 2013, the Company did not sell any securities and had no agency debentures that were called by their respective issuers. | |||||||||||||||||||
During the third quarter of 2012, the Company sold two private-label collateralized mortgage obligations (CMOs) with a total fair market value of $3.2 million and realized a net pretax loss of $37,000. Both bonds sold had been classified as available for sale. The Company also had $25.0 million of agency debentures and $5.0 million of corporate debentures that were called by their respective issuers during the third quarter of 2012. | |||||||||||||||||||
During the first nine months of 2013, the Company sold 21 securities with a total fair market value of $89.9 million. The Company also had $50.0 million of agency debentures that were called by their respective issuers. In total, the Company realized net security gains of $21,000. Of the investments sold, five were from the held to maturity (HTM) portfolio, four of which were amortizing securities that had already returned at least 85% of their respective principal, and one of which was a corporate bond within three months of its maturity date. In all cases, these could be sold without tainting the remaining HTM portfolio. | |||||||||||||||||||
During the first nine months of 2012, the Company sold four mortgage-backed securities (MBSs), 27 agency CMOs and seven private-label CMOs with a total fair market value of $257.4 million and realized a net pretax gain of $959,000. Five of the bonds sold had been classified as held to maturity, however, each remaining par value was less than 15% of its original purchased par value and, therefore, was sold without tainting the remaining HTM portfolio. Additionally, the Company had $160.3 million in a total of 11 agency debentures and one corporate debenture that were called by their respective issuers. | |||||||||||||||||||
The Company does not maintain a trading portfolio and there were no transfers of securities between the available for sale (AFS) and HTM portfolios. The Company uses the specific identification method to record security sales. | |||||||||||||||||||
At September 30, 2013, securities with a carrying value of $709.3 million were pledged to secure public deposits and for other purposes as required or permitted by law. | |||||||||||||||||||
The following table summarizes the Company's gains and losses on the sales or calls of debt securities and credit losses recognized for the OTTI of investments: | |||||||||||||||||||
(in thousands) | Gross Realized Gains | Gross Realized Losses | OTTI Credit Losses | Net Gains (Losses) | |||||||||||||||
Three Months Ended: | |||||||||||||||||||
September 30, 2013 | $ | — | $ | — | $ | — | $ | — | |||||||||||
September 30, 2012 | 5 | (42 | ) | — | (37 | ) | |||||||||||||
Nine Months Ended: | |||||||||||||||||||
September 30, 2013 | $ | 1,183 | $ | (1,162 | ) | $ | — | $ | 21 | ||||||||||
September 30, 2012 | 2,500 | (1,541 | ) | (649 | ) | 310 | |||||||||||||
In determining fair market values for its portfolio holdings, the Company receives information from a third party provider which management evaluates and corroborates using amounts from one of its securities brokers. Under the current guidance, these values are considered Level 2 inputs, based upon mathematically derived matrix pricing and observed data from similar assets. They are not Level 1 direct quotes, nor do they reflect Level 3 inputs that would be derived from internal analysis or judgment. As the Company does not manage a trading portfolio and typically only sells from its AFS portfolio in order to manage interest rate risk or credit exposure, direct quotes, or street bids, are warranted on an as-needed basis. | |||||||||||||||||||
The following table shows the fair value and gross unrealized losses associated with the Company's investment portfolio, aggregated | |||||||||||||||||||
by investment category and length of time that individual securities have been in a continuous unrealized loss position:Â | |||||||||||||||||||
September 30, 2013 | |||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||
 (in thousands) | Fair Value | Unrealized | Fair Value | Unrealized | Fair Value | Unrealized | |||||||||||||
Losses | Losses | Losses | |||||||||||||||||
Available for Sale: | |||||||||||||||||||
U.S. Government agency securities | $ | 30,372 | $ | (3,623 | ) | $ | — | $ | — | $ | 30,372 | $ | (3,623 | ) | |||||
Residential mortgage-backed securities | 61,773 | (2,274 | ) | — | — | 61,773 | (2,274 | ) | |||||||||||
Agency CMOs | 276,814 | (12,014 | ) | — | — | 276,814 | (12,014 | ) | |||||||||||
Municipal securities | 25,686 | (1,211 | ) | — | — | 25,686 | (1,211 | ) | |||||||||||
Total | $ | 394,645 | $ | (19,122 | ) | $ | — | $ | — | $ | 394,645 | $ | (19,122 | ) | |||||
Held to Maturity: | |||||||||||||||||||
U.S. Government agency securities | $ | 135,985 | $ | (13,108 | ) | $ | — | $ | — | $ | 135,985 | $ | (13,108 | ) | |||||
Agency CMOs | 79,267 | (2,526 | ) | — | — | 79,267 | (2,526 | ) | |||||||||||
Municipal securities | 1,723 | (152 | ) | — | — | 1,723 | (152 | ) | |||||||||||
Total | $ | 216,975 | $ | (15,786 | ) | $ | — | $ | — | $ | 216,975 | $ | (15,786 | ) | |||||
December 31, 2012 | |||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||
 (in thousands) | Fair Value | Unrealized | Fair Value | Unrealized | Fair Value | Unrealized | |||||||||||||
Losses | Losses | Losses | |||||||||||||||||
Available for Sale: | |||||||||||||||||||
U.S. Government agency securities | $ | 24,748 | $ | (252 | ) | $ | — | $ | — | $ | 24,748 | $ | (252 | ) | |||||
Agency CMOs | 53,274 | (745 | ) | — | — | 53,274 | (745 | ) | |||||||||||
Total | $ | 78,022 | $ | (997 | ) | $ | — | $ | — | $ | 78,022 | $ | (997 | ) | |||||
Held to Maturity: | |||||||||||||||||||
U.S. Government agency securities | $ | 57,572 | $ | (363 | ) | $ | — | $ | — | $ | 57,572 | $ | (363 | ) | |||||
Total | $ | 57,572 | $ | (363 | ) | $ | — | $ | — | $ | 57,572 | $ | (363 | ) | |||||
The Company's investment securities portfolio consists of U.S. Government agency debentures, U.S. Government sponsored agency MBSs, agency CMOs, corporate bonds and municipal bonds. The Company considers securities of the U.S. Government sponsored agencies and the U.S. Government MBS/CMOs to have little credit risk because their principal and interest payments are backed by an agency of the U.S. Government. | |||||||||||||||||||
The unrealized losses in the Company's investment portfolio at September 30, 2013 were associated with two distinct types of securities. The first type, those backed by the U.S. Government or one of its agencies, included 11 debentures, 30 CMOs and nine MBSs. Management believes that the unrealized losses on these investments were primarily caused by the movement of interest rates from the date of purchase and notes the contractual cash flows of those investments are guaranteed by an agency of the U.S. Government. Accordingly, it is expected that the securities would not be settled at a price less than the amortized cost of the Company's investment. The Company also owns 26 municipal bonds that were in an unrealized loss position as of September 30, 2013. In all cases, the bonds are general obligations of either a Pennsylvania municipality or school district and are backed by the ad valorem taxing power of the entity. In all cases, the bonds carry an investment grade rating of no lower than single-A by either Moody's or Standard and Poors. The Company, however, conducts its own periodic, independent review and believes the unrealized losses in its municipal bond portfolio are the result of movements in long-term interest rates and are not reflective of any credit deterioration. The Company does not intend to sell these debt securities prior to recovery and it is more likely than not that the Company will not have to sell these debt securities prior to recovery. | |||||||||||||||||||
The table that follows rolls forward the cumulative life-to-date credit losses which have been recognized in earnings for the private-label CMOs for the three months and nine months ended September 30, 2013 and September 30, 2012. The Company did not incur any credit losses for the private-label CMOs in 2013 and does not currently hold private-label CMOs as of September 30, 2013. | |||||||||||||||||||
Private-label CMOs | |||||||||||||||||||
Available for Sale | |||||||||||||||||||
(in thousands) | 2013 | 2012 | |||||||||||||||||
Cumulative OTTI credit losses at July 1, | $ | — | $ | 252 | |||||||||||||||
Additional increases for OTTI previously recognized when | — | — | |||||||||||||||||
  there is no intent to sell and no requirement to sell before | |||||||||||||||||||
  recovery of amortized cost basis | |||||||||||||||||||
Reduction due to credit impaired securities sold | — | (112 | ) | ||||||||||||||||
Cumulative OTTI credit losses recognized for securities still | $ | — | $ | 140 | |||||||||||||||
  held at September 30, | |||||||||||||||||||
Private-label CMOs | |||||||||||||||||||
Available for Sale | |||||||||||||||||||
(in thousands) | 2013 | 2012 | |||||||||||||||||
Cumulative OTTI credit losses at January 1, | $ | — | $ | 2,949 | |||||||||||||||
Additional increases for OTTI previously recognized when | — | 649 | |||||||||||||||||
  there is no intent to sell and no requirement to sell before | |||||||||||||||||||
  recovery of amortized cost basis | |||||||||||||||||||
Reduction due to credit impaired securities sold | — | (3,458 | ) | ||||||||||||||||
Cumulative OTTI credit losses recognized for securities still | $ | — | $ | 140 | |||||||||||||||
  held at September 30, | |||||||||||||||||||
Loans_Receivable_and_Allowance
Loans Receivable and Allowance for Loan Losses | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||
Receivables [Abstract] | ' | |||||||||||||||||||||||||||
Loans Receivable and Allowance for Loan Losses | ' | |||||||||||||||||||||||||||
Loans Receivable and Allowance for Loan Losses | ||||||||||||||||||||||||||||
Loans receivable that management has the intent and ability to hold for the foreseeable future, or until maturity or payoff, are stated at their outstanding unpaid principal balances, net of an allowance for loan losses (allowance or ALL) and any deferred fees and costs. Interest income is accrued on the unpaid principal balance. Loan origination fees and costs are deferred and recognized as an adjustment of the yield (interest income) of the related loans. The Company is generally amortizing these amounts over the contractual life of the loan or to the first review date if the loan is on demand. Certain qualifying loans of the Bank totaling $599.2 million at September 30, 2013, collateralize a letter of credit and a line of credit commitment the Bank has with the Federal Home Loan Bank (FHLB). | ||||||||||||||||||||||||||||
A summary of the Bank's loans receivable at September 30, 2013 and December 31, 2012 is as follows: | ||||||||||||||||||||||||||||
(in thousands) | September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||
Commercial and industrial | $ | 435,508 | $ | 376,988 | ||||||||||||||||||||||||
Commercial tax-exempt | 82,507 | 92,202 | ||||||||||||||||||||||||||
Owner occupied real estate | 300,555 | 268,372 | ||||||||||||||||||||||||||
Commercial construction and land development | 124,376 | 100,399 | ||||||||||||||||||||||||||
Commercial real estate | 450,611 | 394,404 | ||||||||||||||||||||||||||
Residential | 94,227 | 83,899 | ||||||||||||||||||||||||||
Consumer | 214,892 | 212,533 | ||||||||||||||||||||||||||
1,702,676 | 1,528,797 | |||||||||||||||||||||||||||
Less: allowance for loan losses | 27,425 | 25,282 | ||||||||||||||||||||||||||
Net loans receivable | $ | 1,675,251 | $ | 1,503,515 | ||||||||||||||||||||||||
The following table summarizes nonaccrual loans by loan type at September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||||||||
(in thousands) | September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||
Nonaccrual loans: | ||||||||||||||||||||||||||||
   Commercial and industrial | $ | 9,967 | $ | 11,289 | ||||||||||||||||||||||||
   Commercial tax-exempt | — | — | ||||||||||||||||||||||||||
   Owner occupied real estate | 4,924 | 3,119 | ||||||||||||||||||||||||||
   Commercial construction and land development | 11,723 | 6,300 | ||||||||||||||||||||||||||
   Commercial real estate | 6,904 | 5,659 | ||||||||||||||||||||||||||
   Residential | 7,316 | 3,203 | ||||||||||||||||||||||||||
   Consumer | 2,541 | 2,846 | ||||||||||||||||||||||||||
Total nonaccrual loans | $ | 43,375 | $ | 32,416 | ||||||||||||||||||||||||
Generally, the Bank's policy is to move a loan to nonaccrual status when it becomes 90 days past due or when the Bank does not believe it will collect all of its principal and interest payments. In addition, when a loan is placed on nonaccrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against the ALL. Interest received on nonaccrual loans generally is either applied against principal or reported as interest income, according to management's judgment as to the collectibility of principal. If a loan is substandard and accruing, accrued interest is recognized as income. Once a loan is on nonaccrual status, it is not returned to accrual status unless the loan has been current for at least six consecutive months and the borrower and/or any guarantors demonstrate the ability to repay the loan. Under certain circumstances such as bankruptcy, if a loan is under collateralized, or if the borrower and/or guarantors do not show evidence of the ability to pay, the loan may be placed on nonaccrual status even though it is not past due by 90 days or more. The total nonaccrual loan balance of $43.4 million exceeds the balance of total loans that are 90 days past due of $19.4 million at September 30, 2013 as presented in the aging analysis tables that follow. | ||||||||||||||||||||||||||||
Typically, commitments are canceled and no additional advances are made when a loan is placed on nonaccrual. At September 30, 2013 there was one nonaccrual loan with an unused commitment of $132,000. | ||||||||||||||||||||||||||||
The following tables are an age analysis of past due loan receivables as of September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||||||||
Past Due Loans | Recorded Investment in Loans 90 Days and Greater and Still Accruing | |||||||||||||||||||||||||||
(in thousands) | Current | 30-59 Days Past Due | 60-89 Days Past Due | 90 Days Past Due and Greater | Total Past Due | Total Loan Receivables | ||||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||||||
Commercial and industrial | $ | 427,524 | $ | 2,105 | $ | 945 | $ | 4,934 | $ | 7,984 | $ | 435,508 | $ | — | ||||||||||||||
Commercial tax-exempt | 82,507 | — | — | — | — | 82,507 | — | |||||||||||||||||||||
Owner occupied real estate | 293,443 | 2,870 | 839 | 3,403 | 7,112 | 300,555 | — | |||||||||||||||||||||
Commercial construction and | 116,133 | 169 | — | 8,074 | 8,243 | 124,376 | — | |||||||||||||||||||||
land development | ||||||||||||||||||||||||||||
Commercial real estate | 439,855 | 3,937 | 6,241 | 578 | 10,756 | 450,611 | — | |||||||||||||||||||||
Residential | 90,874 | 570 | 1,243 | 1,540 | 3,353 | 94,227 | 119 | |||||||||||||||||||||
Consumer | 211,593 | 1,875 | 563 | 861 | 3,299 | 214,892 | — | |||||||||||||||||||||
Total | $ | 1,661,929 | $ | 11,526 | $ | 9,831 | $ | 19,390 | $ | 40,747 | $ | 1,702,676 | $ | 119 | ||||||||||||||
Past Due Loans | Recorded Investment in Loans 90 Days and Greater and Still Accruing | |||||||||||||||||||||||||||
(in thousands) | Current | 30-59 Days Past Due | 60-89 Days Past Due | 90 Days Past Due and Greater | Total Past Due | Total Loan Receivables | ||||||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||
Commercial and industrial | $ | 368,769 | $ | 1,096 | $ | 3,256 | $ | 3,867 | $ | 8,219 | $ | 376,988 | $ | 30 | ||||||||||||||
Commercial tax-exempt | 92,202 | — | — | — | — | 92,202 | — | |||||||||||||||||||||
Owner occupied real estate | 265,817 | 610 | 353 | 1,592 | 2,555 | 268,372 | — | |||||||||||||||||||||
Commercial construction and | 89,250 | 4,251 | 4,318 | 2,580 | 11,149 | 100,399 | 188 | |||||||||||||||||||||
land development | ||||||||||||||||||||||||||||
Commercial real estate | 386,821 | 3,846 | 78 | 3,659 | 7,583 | 394,404 | — | |||||||||||||||||||||
Residential | 76,587 | 4,303 | 1,252 | 1,757 | 7,312 | 83,899 | — | |||||||||||||||||||||
Consumer | 208,335 | 2,277 | 410 | 1,511 | 4,198 | 212,533 | 2 | |||||||||||||||||||||
Total | $ | 1,487,781 | $ | 16,383 | $ | 9,667 | $ | 14,966 | $ | 41,016 | $ | 1,528,797 | $ | 220 | ||||||||||||||
The past due portfolio is constantly moving through collection efforts which include: restructures when appropriate, foreclosures or ultimately charge-offs. During the first nine months of 2013, $13.2 million of past due loans at December 31, 2012 improved to current status at September 30, 2013. Another $3.5 million of past due loan balances paid off during the first nine months of 2013. Additionally, $3.2 million and $2.7 million of those loans past due at December 31, 2012, were charged off and moved to foreclosed real estate, respectively. Another $22.7 million in current loans at December 31, 2012, became delinquent and were reported as past due at September 30, 2013. Out of the $22.7 million of loans that became past due after December 31, 2012, $10.8 million were 30-59 days past due, $7.7 million were 60-89 days past due while the remainder, or $4.2 million were 90 days past due or greater at September 30, 2013. | ||||||||||||||||||||||||||||
A summary of the ALL and balance of loans receivable by loan class and by impairment method as of September 30, 2013 and December 31, 2012 is detailed in the tables that follow: | ||||||||||||||||||||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. construction and land development | Comm. real estate | Residential | Con | Unallocated | Total | |||||||||||||||||||
sumer | ||||||||||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||||
Individually evaluated | $ | 1,790 | $ | — | $ | 1,390 | $ | 4,050 | $ | 2,638 | $ | 523 | $ | 477 | $ | — | $ | 10,868 | ||||||||||
for impairment | ||||||||||||||||||||||||||||
Collectively evaluated | 7,473 | 75 | 787 | 3,439 | 3,113 | 356 | 839 | 475 | 16,557 | |||||||||||||||||||
for impairment | ||||||||||||||||||||||||||||
Total ALL | $ | 9,263 | $ | 75 | $ | 2,177 | $ | 7,489 | $ | 5,751 | $ | 879 | $ | 1,316 | $ | 475 | $ | 27,425 | ||||||||||
Loans receivable: | ||||||||||||||||||||||||||||
Loans evaluated | $ | 12,806 | $ | — | $ | 5,185 | $ | 14,946 | $ | 15,307 | $ | 8,187 | $ | 3,295 | $ | — | $ | 59,726 | ||||||||||
  individually | ||||||||||||||||||||||||||||
Loans evaluated | 422,702 | 82,507 | 295,370 | 109,430 | 435,304 | 86,040 | 211,597 | — | 1,642,950 | |||||||||||||||||||
  collectively | ||||||||||||||||||||||||||||
Total loans receivable | $ | 435,508 | $ | 82,507 | $ | 300,555 | $ | 124,376 | $ | 450,611 | $ | 94,227 | $ | 214,892 | $ | — | $ | 1,702,676 | ||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. construction and land development | Comm. real estate | Residential | Con | Unallocated | Total | |||||||||||||||||||
sumer | ||||||||||||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||||
Individually evaluated | $ | 2,399 | $ | — | $ | 1,451 | $ | 2,470 | $ | 800 | $ | — | $ | — | $ | — | $ | 7,120 | ||||||||||
for impairment | ||||||||||||||||||||||||||||
Collectively evaluated | 7,560 | 83 | 678 | 4,752 | 3,183 | 324 | 793 | 789 | 18,162 | |||||||||||||||||||
for impairment | ||||||||||||||||||||||||||||
Total ALL | $ | 9,959 | $ | 83 | $ | 2,129 | $ | 7,222 | $ | 3,983 | $ | 324 | $ | 793 | $ | 789 | $ | 25,282 | ||||||||||
Loans receivable: | ||||||||||||||||||||||||||||
Loans evaluated | $ | 13,082 | $ | — | $ | 3,380 | $ | 15,549 | $ | 17,136 | $ | 4,163 | $ | 3,331 | $ | — | $ | 56,641 | ||||||||||
  individually | ||||||||||||||||||||||||||||
Loans evaluated | 363,906 | 92,202 | 264,992 | 84,850 | 377,268 | 79,736 | 209,202 | — | 1,472,156 | |||||||||||||||||||
  collectively | ||||||||||||||||||||||||||||
Total loans receivable | $ | 376,988 | $ | 92,202 | $ | 268,372 | $ | 100,399 | $ | 394,404 | $ | 83,899 | $ | 212,533 | $ | — | $ | 1,528,797 | ||||||||||
The Bank may create a specific allowance for all of or a part of a particular loan in lieu of a charge-off or charge-down as a result of management's evaluation of impaired loans. In these instances, the Bank has determined that a loss is not imminent based upon available information surrounding the credit at the time of the analysis including, but not limited to, unresolved legal matters; however, management believes an allowance is appropriate to acknowledge the probable risk of loss. | ||||||||||||||||||||||||||||
Typically, commercial construction and land development and commercial real estate loans present a greater risk of nonpayment by a borrower than other types of loans. The market value of and cash flow from real estate, particularly real estate held for investment, can fluctuate significantly in a relatively short period of time. Commercial and industrial, tax exempt and owner occupied real estate loans generally carry a lower risk factor comparatively within the commercial portfolio because the repayment of these loans relies primarily on the cash flow from a business which is more stable and predictable. | ||||||||||||||||||||||||||||
Consumer loan collections are dependent on the borrower's continued financial stability and thus are more likely to be affected by adverse personal circumstances. Consumer and residential loans are also impacted by the market value of real estate. Furthermore, the application of various federal and state laws, including bankruptcy and insolvency laws, may limit the amount that can be recovered on these loans. The risk of nonpayment is affected by changes in economic conditions, the credit risks of a particular borrower, the term of the loan and, in the case of a collateralized loan, uncertainties as to the value of the collateral and other factors. | ||||||||||||||||||||||||||||
Management bases its quantitative analysis of probable future loan losses (when determining the ALL) on those loans collectively reviewed for impairment on a two-year period of actual historical losses. Management may increase or decrease the historical loss period at some point in the future based on the state of the local, regional and national economies and other circumstances. | ||||||||||||||||||||||||||||
The qualitative factors such as changes in levels and trends of charge-offs and delinquencies; material changes in the mix, volume or duration of the loan portfolio; changes in lending policies and procedures including underwriting standards; changes in the experience, ability and depth of lending management and other relevant staff; the existence and effect of any concentrations of credit; changes in the overall values of collateral; changes in the quality of the loan review program and changes in national and local economic trends and conditions among other things, are factors which have not been identified by the quantitative processes. The determination of qualitative factors inherently involves a higher degree of subjectivity and considers risk factors that may not have yet manifested themselves in historical loss experience. | ||||||||||||||||||||||||||||
The following tables summarize the transactions in the ALL for the three and nine months ended September 30, 2013 and 2012: | ||||||||||||||||||||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. construction and land development | Comm. real estate | Residential | Consumer | Unallocated | Total | |||||||||||||||||||
2013 | ||||||||||||||||||||||||||||
Balance at July 1 | $ | 10,549 | $ | 74 | $ | 2,207 | $ | 7,810 | $ | 5,059 | $ | 863 | $ | 1,258 | $ | 218 | $ | 28,038 | ||||||||||
Provision charged to operating expenses | (437 | ) | 1 | 4 | (33 | ) | 801 | 45 | 562 | 257 | 1,200 | |||||||||||||||||
Recoveries of loans previously charged-off | 613 | — | — | (21 | ) | — | 7 | 11 | — | 610 | ||||||||||||||||||
Loans charged-off | (1,462 | ) | — | (34 | ) | (267 | ) | (109 | ) | (36 | ) | (515 | ) | — | (2,423 | ) | ||||||||||||
Balance at September 30 | $ | 9,263 | $ | 75 | $ | 2,177 | $ | 7,489 | $ | 5,751 | $ | 879 | $ | 1,316 | $ | 475 | $ | 27,425 | ||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. construction and land development | Comm. real estate | Residential | Consumer | Unallocated | Total | |||||||||||||||||||
2013 | ||||||||||||||||||||||||||||
Balance at January 1 | $ | 9,959 | $ | 83 | $ | 2,129 | $ | 7,222 | $ | 3,983 | $ | 324 | $ | 793 | $ | 789 | $ | 25,282 | ||||||||||
Provision charged to operating expenses | 1,085 | (8 | ) | 315 | 82 | 2,100 | 711 | 1,329 | (314 | ) | 5,300 | |||||||||||||||||
Recoveries of loans previously charged-off | 945 | — | 3 | 477 | — | 10 | 69 | — | 1,504 | |||||||||||||||||||
Loans charged-off | (2,726 | ) | — | (270 | ) | (292 | ) | (332 | ) | (166 | ) | (875 | ) | — | (4,661 | ) | ||||||||||||
Balance at September 30 | $ | 9,263 | $ | 75 | $ | 2,177 | $ | 7,489 | $ | 5,751 | $ | 879 | $ | 1,316 | $ | 475 | $ | 27,425 | ||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. construction and land development | Comm. real estate | Residential | Consumer | Unallocated | Total | |||||||||||||||||||
2012 | ||||||||||||||||||||||||||||
Balance at July 1 | $ | 10,575 | $ | 74 | $ | 2,117 | $ | 8,917 | $ | 3,139 | $ | 438 | $ | 797 | $ | 101 | $ | 26,158 | ||||||||||
Provision charged to operating expenses | 398 | 6 | 294 | (762 | ) | 1,609 | 101 | 301 | 553 | 2,500 | ||||||||||||||||||
Recoveries of loans previously charged-off | 15 | — | — | 64 | 55 | 3 | 20 | — | 157 | |||||||||||||||||||
Loans charged-off | (487 | ) | — | — | (625 | ) | (1,580 | ) | (198 | ) | (329 | ) | — | (3,219 | ) | |||||||||||||
Balance at September 30 | $ | 10,501 | $ | 80 | $ | 2,411 | $ | 7,594 | $ | 3,223 | $ | 344 | $ | 789 | $ | 654 | $ | 25,596 | ||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. construction and land development | Comm. real estate | Residential | Consumer | Unallocated | Total | |||||||||||||||||||
2012 | ||||||||||||||||||||||||||||
Balance at January 1 | $ | 8,400 | $ | 79 | $ | 729 | $ | 7,840 | $ | 3,241 | $ | 435 | $ | 831 | $ | 65 | $ | 21,620 | ||||||||||
Provision charged to operating expenses | 2,832 | 1 | 1,766 | 464 | 1,749 | 168 | 381 | 589 | 7,950 | |||||||||||||||||||
Recoveries of loans previously charged-off | 216 | — | 8 | 513 | 85 | 4 | 65 | — | 891 | |||||||||||||||||||
Loans charged-off | (947 | ) | — | (92 | ) | (1,223 | ) | (1,852 | ) | (263 | ) | (488 | ) | — | (4,865 | ) | ||||||||||||
Balance at September 30 | $ | 10,501 | $ | 80 | $ | 2,411 | $ | 7,594 | $ | 3,223 | $ | 344 | $ | 789 | $ | 654 | $ | 25,596 | ||||||||||
The following table presents information regarding the Company's impaired loans as of September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | |||||||||||||||||||||||||||
(in thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | Recorded Investment | Unpaid Principal Balance | Related Allowance | ||||||||||||||||||||||
Loans with no related allowance: | ||||||||||||||||||||||||||||
   Commercial and industrial | $ | 9,577 | $ | 14,109 | $ | — | $ | 7,426 | $ | 11,746 | $ | — | ||||||||||||||||
   Commercial tax-exempt | — | — | — | — | — | — | ||||||||||||||||||||||
   Owner occupied real estate | 3,795 | 4,351 | — | 1,929 | 2,301 | — | ||||||||||||||||||||||
   Commercial construction and land | 5,574 | 5,987 | — | 7,716 | 8,500 | — | ||||||||||||||||||||||
     development | ||||||||||||||||||||||||||||
   Commercial real estate | 8,220 | 8,301 | — | 12,965 | 14,619 | — | ||||||||||||||||||||||
   Residential | 5,098 | 5,471 | — | 4,163 | 4,423 | — | ||||||||||||||||||||||
   Consumer | 2,818 | 3,095 | — | 3,331 | 3,547 | — | ||||||||||||||||||||||
Total impaired loans with no related | 35,082 | 41,314 | — | 37,530 | 45,136 | — | ||||||||||||||||||||||
  allowance | ||||||||||||||||||||||||||||
Loans with an allowance recorded: | ||||||||||||||||||||||||||||
   Commercial and industrial | 3,229 | 3,229 | 1,790 | 5,656 | 6,526 | 2,399 | ||||||||||||||||||||||
   Owner occupied real estate | 1,390 | 1,390 | 1,390 | 1,451 | 1,451 | 1,451 | ||||||||||||||||||||||
   Commercial construction and land | 9,372 | 9,372 | 4,050 | 7,833 | 7,833 | 2,470 | ||||||||||||||||||||||
     development | ||||||||||||||||||||||||||||
   Commercial real estate | 7,087 | 7,087 | 2,638 | 4,171 | 4,172 | 800 | ||||||||||||||||||||||
   Residential | 3,089 | 3,089 | 523 | — | — | — | ||||||||||||||||||||||
   Consumer | 477 | 477 | 477 | — | — | — | ||||||||||||||||||||||
Total impaired loans with an | 24,644 | 24,644 | 10,868 | 19,111 | 19,982 | 7,120 | ||||||||||||||||||||||
  allowance recorded | ||||||||||||||||||||||||||||
Total impaired loans: | ||||||||||||||||||||||||||||
   Commercial and industrial | 12,806 | 17,338 | 1,790 | 13,082 | 18,272 | 2,399 | ||||||||||||||||||||||
   Commercial tax-exempt | — | — | — | — | — | — | ||||||||||||||||||||||
   Owner occupied real estate | 5,185 | 5,741 | 1,390 | 3,380 | 3,752 | 1,451 | ||||||||||||||||||||||
   Commercial construction and land | 14,946 | 15,359 | 4,050 | 15,549 | 16,333 | 2,470 | ||||||||||||||||||||||
     development | ||||||||||||||||||||||||||||
   Commercial real estate | 15,307 | 15,388 | 2,638 | 17,136 | 18,791 | 800 | ||||||||||||||||||||||
   Residential | 8,187 | 8,560 | 523 | 4,163 | 4,423 | — | ||||||||||||||||||||||
   Consumer | 3,295 | 3,572 | 477 | 3,331 | 3,547 | — | ||||||||||||||||||||||
Total impaired loans | $ | 59,726 | $ | 65,958 | $ | 10,868 | $ | 56,641 | $ | 65,118 | $ | 7,120 | ||||||||||||||||
Compared to December 31, 2012, $25.8 million of impaired loans without a specific reserve remained impaired without a specific reserve at September 30, 2013. In addition $16.4 million of impaired loans with specific reserves at December 31, 2012 remained impaired with a specific reserve at September 30, 2013. A total of $13.2 million of loans were downgraded and deemed to be impaired subsequent to December 31, 2012, $3.8 million of these loans have a specific reserve related to them. A total of $2.4 million of loans impaired at December 31, 2012 were paid in full during the first nine months of 2013, $2.8 million were charged-off and $2.7 million were transferred to foreclosed real estate. | ||||||||||||||||||||||||||||
The following table presents additional information regarding the Company's impaired loans for the three and nine months ended September 30, 2013 and 2012: | ||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | September 30, 2013 | September 30, 2012 | |||||||||||||||||||||||||
(in thousands) | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||
Loans with no related allowance: | ||||||||||||||||||||||||||||
   Commercial and industrial | $ | 9,501 | $ | 47 | $ | 11,921 | $ | 48 | $ | 9,320 | $ | 121 | $ | 12,042 | $ | 140 | ||||||||||||
   Commercial tax-exempt | — | — | — | — | — | — | — | — | ||||||||||||||||||||
   Owner occupied real estate | 3,808 | — | 2,379 | 27 | 2,841 | — | 4,465 | 150 | ||||||||||||||||||||
   Commercial construction and | 6,366 | 43 | 9,682 | 166 | 7,399 | 133 | 10,668 | 417 | ||||||||||||||||||||
     land development | ||||||||||||||||||||||||||||
   Commercial real estate | 10,229 | 104 | 12,238 | 79 | 11,550 | 360 | 11,699 | 175 | ||||||||||||||||||||
   Residential | 5,355 | 13 | 4,270 | 13 | 4,942 | 49 | 3,946 | 31 | ||||||||||||||||||||
   Consumer | 3,190 | 8 | 2,632 | 6 | 3,186 | 22 | 2,301 | 8 | ||||||||||||||||||||
Total impaired loans with no | 38,449 | 215 | 43,122 | 339 | 39,238 | 685 | 45,121 | 921 | ||||||||||||||||||||
  related allowance | ||||||||||||||||||||||||||||
Loans with an allowance recorded: | ||||||||||||||||||||||||||||
   Commercial and industrial | 4,587 | — | 8,106 | — | 5,030 | — | 4,709 | — | ||||||||||||||||||||
   Owner occupied real estate | 1,399 | — | 2,036 | — | 1,418 | — | 1,436 | — | ||||||||||||||||||||
   Commercial construction and | 8,848 | — | 11,524 | — | 8,168 | — | 12,552 | — | ||||||||||||||||||||
     land development | ||||||||||||||||||||||||||||
   Commercial real estate | 5,129 | — | — | — | 4,486 | — | — | — | ||||||||||||||||||||
   Residential | 3,091 | — | — | — | 1,381 | — | — | — | ||||||||||||||||||||
   Consumer | 478 | — | — | — | 214 | — | — | — | ||||||||||||||||||||
Total impaired loans with an | 23,532 | — | 21,666 | — | 20,697 | — | 18,697 | — | ||||||||||||||||||||
  allowance recorded | ||||||||||||||||||||||||||||
Total impaired loans: | ||||||||||||||||||||||||||||
   Commercial and industrial | 14,088 | 47 | 20,027 | 48 | 14,350 | 121 | 16,751 | 140 | ||||||||||||||||||||
   Commercial tax-exempt | — | — | — | — | — | — | — | — | ||||||||||||||||||||
   Owner occupied real estate | 5,207 | — | 4,415 | 27 | 4,259 | — | 5,901 | 150 | ||||||||||||||||||||
   Commercial construction and | 15,214 | 43 | 21,206 | 166 | 15,567 | 133 | 23,220 | 417 | ||||||||||||||||||||
     land development | ||||||||||||||||||||||||||||
   Commercial real estate | 15,358 | 104 | 12,238 | 79 | 16,036 | 360 | 11,699 | 175 | ||||||||||||||||||||
   Residential | 8,446 | 13 | 4,270 | 13 | 6,323 | 49 | 3,946 | 31 | ||||||||||||||||||||
   Consumer | 3,668 | 8 | 2,632 | 6 | 3,400 | 22 | 2,301 | 8 | ||||||||||||||||||||
Total impaired loans | $ | 61,981 | $ | 215 | $ | 64,788 | $ | 339 | $ | 59,935 | $ | 685 | $ | 63,818 | $ | 921 | ||||||||||||
Impaired loans averaged approximately $59.9 million and $63.8 million for the nine months ended September 30, 2013 and 2012, respectively. All nonaccrual loans are considered impaired and interest income is handled as discussed earlier in the nonaccrual section of this Note. Interest income continued to accrue on certain impaired loans totaling $685,000 and $921,000 for the nine months ended September 30, 2013 and 2012, respectively. | ||||||||||||||||||||||||||||
The Bank assigns loan risk ratings as credit quality indicators of its loan portfolio: pass, special mention, substandard accrual, substandard nonaccrual and doubtful. Monthly, we track commercial loans that are no longer pass rated. We review the cash flow, operating results and financial condition of the borrower and any guarantors, as well as the collateral position against established policy guidelines as a means of providing a targeted list of loans and loan relationships that require additional attention within the loan portfolio. Special mention loans are those loans that are currently adequately protected, but potentially weak. The potential weaknesses may, if not corrected, weaken the loan's credit quality or inadvertently jeopardize our credit position in the future. Substandard accrual and substandard nonaccrual assets are characterized by well-defined weaknesses that jeopardize the liquidation of the debt and by the possibility that the Bank will sustain some loss if the weaknesses are not corrected. Substandard accrual loans would move from accrual to nonaccrual when the Bank does not believe it will collect all of its contractual principal and interest payments. Some identifiers used to determine the collectibility are as follows: when the loan is 90 days past due in principal or interest, there are triggering events in the borrower's or any guarantor's financial statements that show continuing deterioration, the borrower's or any guarantor's source of repayment is depleting, or if bankruptcy or other legal matters are present, regardless if the loan is 90 days past due or not. Doubtful loans have all of the weaknesses inherent in those classified as substandard accrual and substandard nonaccrual with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions and values, highly questionable and improbable. Pass rated loans are reviewed throughout the year through the recurring review process of an independent loan review function and through the application of other credit metrics. | ||||||||||||||||||||||||||||
Credit quality indicators for commercial loans broken out by loan type are presented in the following tables for the periods ended September 30, 2013 and December 31, 2012. There were no loans classified as doubtful for the periods ended September 30, 2013 or December 31, 2012. | ||||||||||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||||||
(in thousands) | Pass | Special Mention | Substandard Accrual | Substandard Nonaccrual | Total | |||||||||||||||||||||||
Commercial credit exposure: | ||||||||||||||||||||||||||||
   Commercial and industrial | $ | 393,313 | $ | 9,454 | $ | 22,774 | $ | 9,967 | $ | 435,508 | ||||||||||||||||||
   Commercial tax-exempt | 82,507 | — | — | — | 82,507 | |||||||||||||||||||||||
   Owner occupied real estate | 284,355 | 3,983 | 7,293 | 4,924 | 300,555 | |||||||||||||||||||||||
   Commercial construction and land development | 108,560 | — | 4,093 | 11,723 | 124,376 | |||||||||||||||||||||||
   Commercial real estate | 437,256 | 607 | 5,844 | 6,904 | 450,611 | |||||||||||||||||||||||
     Total | $ | 1,305,991 | $ | 14,044 | $ | 40,004 | $ | 33,518 | $ | 1,393,557 | ||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||
(in thousands) | Pass | Special Mention | Substandard Accrual | Substandard Nonaccrual | Total | |||||||||||||||||||||||
Commercial credit exposure: | ||||||||||||||||||||||||||||
   Commercial and industrial | $ | 335,463 | $ | 6,120 | $ | 24,116 | $ | 11,289 | $ | 376,988 | ||||||||||||||||||
   Commercial tax-exempt | 92,202 | — | — | — | 92,202 | |||||||||||||||||||||||
   Owner occupied real estate | 253,338 | 4,160 | 7,755 | 3,119 | 268,372 | |||||||||||||||||||||||
   Commercial construction and land development | 81,219 | 5,046 | 7,834 | 6,300 | 100,399 | |||||||||||||||||||||||
   Commercial real estate | 379,313 | 574 | 8,858 | 5,659 | 394,404 | |||||||||||||||||||||||
     Total | $ | 1,141,535 | $ | 15,900 | $ | 48,563 | $ | 26,367 | $ | 1,232,365 | ||||||||||||||||||
Consumer loan credit exposures are rated either performing or nonperforming as detailed below at September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||||||
(in thousands) | Performing | Nonperforming | Total | |||||||||||||||||||||||||
Consumer credit exposure: | ||||||||||||||||||||||||||||
   Residential | $ | 86,911 | $ | 7,316 | $ | 94,227 | ||||||||||||||||||||||
   Consumer | 212,351 | 2,541 | 214,892 | |||||||||||||||||||||||||
     Total | $ | 299,262 | $ | 9,857 | $ | 309,119 | ||||||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||
(in thousands) | Performing | Nonperforming | Total | |||||||||||||||||||||||||
Consumer credit exposure: | ||||||||||||||||||||||||||||
   Residential | $ | 80,696 | $ | 3,203 | $ | 83,899 | ||||||||||||||||||||||
   Consumer | 209,687 | 2,846 | 212,533 | |||||||||||||||||||||||||
     Total | $ | 290,383 | $ | 6,049 | $ | 296,432 | ||||||||||||||||||||||
A trouble debt restructuring (TDR) is a loan of which the contractual terms have been modified, resulting in the Bank granting a concession to a borrower who is experiencing financial difficulties, in order for the Bank to have a greater chance of collecting the indebtedness from the borrower. An additional benefit to the Bank in granting a concession is to possibly avoid foreclosure or repossession of loan collateral at a time when collateral values are low. | ||||||||||||||||||||||||||||
The following table presents the recorded investment at the time of restructure of new TDRs and their concession, modified during the three and nine month periods ended September 30, 2013 and 2012. The recorded investment at the time of restructure was the same pre-modification and post-modification, therefore there was no financial effect of the modification on the recorded investment. The loans included are considered TDRs as a result of the Bank implementing one or more of the following concessions: granting a material extension of time, entering into a forbearance agreement, adjusting the interest rate, accepting interest only payments for an extended period of time, a change in the amortization period or a combination of any of these concessions. | ||||||||||||||||||||||||||||
New TDRs with Concession Type: | Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | September 30, 2013 | September 30, 2012 | |||||||||||||||||||||||||
(dollars in thousands) | Number of Contracts | Recorded Investment at Time of Restructure | Number of Contracts | Recorded Investment at Time of Restructure | Number of Contracts | Recorded Investment at Time of Restructure | Number of Contracts | Recorded Investment at Time of Restructure | ||||||||||||||||||||
Commercial and industrial: | ||||||||||||||||||||||||||||
   Material extension of time | — | $ | — | — | $ | — | — | $ | — | 1 | $ | 1,262 | ||||||||||||||||
   Interest rate adjustment | — | — | 1 | 3,404 | — | — | 1 | 3,404 | ||||||||||||||||||||
   Change in amortization period | — | — | — | — | 7 | 1,079 | — | — | ||||||||||||||||||||
   Combination of concessions | — | — | — | — | 1 | 125 | — | — | ||||||||||||||||||||
Owner occupied real estate: | ||||||||||||||||||||||||||||
   Forbearance agreement | — | — | — | — | 1 | 193 | — | — | ||||||||||||||||||||
Commercial construction and land development: | ||||||||||||||||||||||||||||
   Material extension of time | 1 | 1,749 | — | — | 4 | 2,801 | 5 | 3,396 | ||||||||||||||||||||
   Combination of concessions | — | — | 1 | 3,546 | — | — | 1 | 3,546 | ||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||
   Material extension of time | — | — | — | — | — | — | 1 | 68 | ||||||||||||||||||||
   Change in amortization period | — | — | — | — | — | — | — | — | ||||||||||||||||||||
   Combination of concessions | — | — | 1 | 3,275 | 3 | 2,945 | 1 | 3,275 | ||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||
   Material extension of time | — | — | 1 | 49 | 1 | 260 | 2 | 329 | ||||||||||||||||||||
   Forbearance agreement | 1 | 3,096 | — | — | 1 | 3,096 | — | — | ||||||||||||||||||||
   Change in amortization period | 1 | 346 | — | — | 1 | 346 | — | — | ||||||||||||||||||||
   Combination of concessions | — | — | — | — | — | — | 1 | 195 | ||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||
   Material extension of time | — | — | 2 | 664 | 1 | 35 | 4 | 859 | ||||||||||||||||||||
   Forbearance agreement | 1 | 480 | — | — | 1 | 480 | — | — | ||||||||||||||||||||
Total | 4 | $ | 5,671 | 6 | $ | 10,938 | 21 | $ | 11,360 | 17 | $ | 16,334 | ||||||||||||||||
The following table represents loans receivable modified as TDR within the 12 months previous to September 30, 2013 and 2012, respectively, and that subsequently defaulted during the three and nine month periods ended September 30, 2013 and 2012, respectively. The Bank's policy is to consider a loan past due or delinquent if payment is not received on or before the due date. | ||||||||||||||||||||||||||||
TDRs That Subsequently Payment Defaulted: | Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | September 30, 2013 | September 30, 2012 | |||||||||||||||||||||||||
(dollars in thousands) | Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | ||||||||||||||||||||
   Commercial and industrial | 1 | $ | 179 | 1 | $ | 2 | 10 | $ | 5,051 | 2 | $ | 177 | ||||||||||||||||
   Commercial tax-exempt | — | — | — | — | — | — | — | — | ||||||||||||||||||||
   Owner occupied real estate | — | — | — | — | 2 | 1,580 | — | — | ||||||||||||||||||||
   Commercial construction | — | — | — | — | 2 | 2,426 | 4 | 2,575 | ||||||||||||||||||||
     and land development | ||||||||||||||||||||||||||||
   Commercial real estate | — | — | — | — | 3 | 2,943 | 2 | 1,011 | ||||||||||||||||||||
   Residential | 1 | 3,089 | 1 | 65 | 2 | 3,348 | 3 | 609 | ||||||||||||||||||||
   Consumer | 1 | 477 | — | — | 2 | 575 | 1 | 178 | ||||||||||||||||||||
Total | 3 | $ | 3,745 | 2 | $ | 67 | 21 | $ | 15,923 | 12 | $ | 4,550 | ||||||||||||||||
Of the 21 contracts that subsequently payment defaulted during the nine month period ended September 30, 2013, 20 were still in payment default at September 30, 2013. Thirteen of the 20 contracts totaling $13.0 million were less than 30 days past due. | ||||||||||||||||||||||||||||
All TDRs are considered impaired and, therefore, are individually evaluated for impairment in the calculation of the ALL. Prior to their classification as TDRs, certain of these loans had been collectively evaluated for impairment in the calculation of the ALL. |
Loan_Commitments_and_Standby_L
Loan Commitments and Standby Letters of Credit | 9 Months Ended |
Sep. 30, 2013 | |
Guarantees [Abstract] | ' |
Loan Commitments and Standby Letters of Credit | ' |
Loan Commitments and Standby Letters of Credit | |
Loan commitments are made to accommodate the financial needs of the Company's customers. Standby letters of credit commit the Company to make payments on behalf of customers when certain specified future events occur. They primarily are issued to facilitate the customers' normal course of business transactions. Standby performance letters of credit are written conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Historically, almost all of the Company's standby letters of credit expire unfunded. | |
The credit risk associated with letters of credit is essentially the same as that of traditional loan facilities and are subject to the Company's normal credit policies. Since the majority of the commitments are expected to expire without being drawn upon, the total commitment amount does not necessarily represent future funding requirements. Commitments generally have fixed expiration dates or other termination clauses. Management believes that the proceeds obtained through a liquidation of collateral, the enforcement of guarantees and normal collection activities against the borrower would be sufficient to cover the potential amount of future payment required under the corresponding letters of credit. | |
The Company does not issue any guarantees that would require liability recognition or disclosure, other than standby letters of credit. There was no liability for guarantees under standby letters of credit at September 30, 2013. The amount of liability for guarantees under standby letters of credit issued at December 31, 2012 was $48,000. The Company had $39.3 million and $34.1 million of standby letters of credit at September 30, 2013 and December 31, 2012, respectively. | |
In addition to standby letters of credit, in the normal course of business there are unadvanced loan commitments. At September 30, 2013, the Company had $522.0 million in total unused commitments, including the standby letters of credit. Management does not anticipate any material losses as a result of these transactions. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies | ' |
Commitments and Contingencies | |
The Company is subject to certain routine legal proceedings and claims arising in the ordinary course of business. It is management's opinion that the ultimate resolution of these claims will not have a material adverse effect on the Company's financial position and results of operations. | |
Future Facilities | |
The Company has entered into a land lease for the premises located at 2121 Lincoln Highway East, East Lampeter Township, Lancaster County, Pennsylvania. The Company plans to construct a full-service store on this property to be opened in the future. | |
The Company owns land at 105 N. George Street, York City, York County, Pennsylvania. The Company plans to construct a full-service store on this property to be opened in the future. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Fair Value Measurements | ' | |||||||||||||||
Fair Value Measurements | ||||||||||||||||
The Company uses its best judgment in estimating the fair value of its financial instruments and certain nonfinancial assets; however, there are inherent weaknesses in any estimation technique due to assumptions that are susceptible to significant change. Therefore, for substantially all financial instruments and certain nonfinancial assets, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sale transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective period-ends and have not been reevaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments and certain nonfinancial assets subsequent to the respective reporting dates may be different than the amounts reported at each period-end. | ||||||||||||||||
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company uses the following fair value hierarchy in selecting inputs with the highest priority given to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements):Â | ||||||||||||||||
Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; | ||||||||||||||||
Level 2: Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability; | ||||||||||||||||
Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported with little or no market activity). | ||||||||||||||||
As required, financial and certain nonfinancial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The following table sets forth the Company's financial assets that were measured at fair value on a recurring basis at September 30, 2013 and December 31, 2012, respectively, by level within the fair value hierarchy: | ||||||||||||||||
 Fair Value Measurements at Reporting Date Using | ||||||||||||||||
Description | Quoted Prices in | Significant Other | Significant | |||||||||||||
Active Markets for | Observable Inputs | Unobservable | ||||||||||||||
Identical Assets | Inputs | |||||||||||||||
(in thousands) | Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||
September 30, 2013 | ||||||||||||||||
U.S. Government agency securities | $ | 30,372 | $ | — | $ | 30,372 | $ | — | ||||||||
Residential MBSs | 65,061 | — | 65,061 | — | ||||||||||||
Agency CMOs | 491,032 | — | 491,032 | — | ||||||||||||
Municipal securities | 25,686 | — | 25,686 | — | ||||||||||||
Securities available for sale | $ | 612,151 | $ | — | $ | 612,151 | $ | — | ||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||
Description | Quoted Prices in | Significant Other | Significant | |||||||||||||
Active Markets for | Observable Inputs | Unobservable | ||||||||||||||
Identical Assets | Inputs | |||||||||||||||
(in thousands) | Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||
December 31, 2012 | ||||||||||||||||
U.S. Government agency securities | $ | 33,761 | $ | — | $ | 33,761 | $ | — | ||||||||
Residential MBSs | 57,210 | — | 57,210 | — | ||||||||||||
Agency CMOs | 556,867 | — | 556,867 | — | ||||||||||||
Municipal securities | 27,271 | — | 27,271 | — | ||||||||||||
Securities available for sale | $ | 675,109 | $ | — | $ | 675,109 | $ | — | ||||||||
As of September 30, 2013 and December 31, 2012, the Company did not have any liabilities that were measured at fair value on a recurring basis. | ||||||||||||||||
Impaired Loans (Generally Carried at Fair Value) | ||||||||||||||||
Impaired loans are those that the Company has measured impairment of based on the fair value of the loan's collateral. Fair value is generally determined based upon independent third party appraisals or valuations of the collateral properties. The discount rates used on collateral dependent loans vary based on the type of collateral. The range of discount rates used for real estate collateral ranges from 15% to 35%, the weighted-average rate was 22% as of September 30, 2013; inventory and equipment is generally discounted at 50% and accounts receivable are generally discounted by 20%. These assets are included as Level 3 fair values, based upon the lowest level of unobservable input that is significant to the fair value measurements. The fair value consists of the loan balance less any valuation allowance. The valuation allowance amount is calculated as the difference between the recorded investment in a loan and the present value of expected future cash flows or it is calculated based on discounted collateral values if the loan is collateral dependent. | ||||||||||||||||
At September 30, 2013, the cumulative fair value of 14 impaired loans with individual allowance allocations totaled $13.8 million, net of valuation allowances of $10.9 million and the current fair value of impaired loans that were partially charged off during the first nine months of 2013 totaled $3.8 million at September 30, 2013, net of charge-offs of $2.7 million. At December 31, 2012, the cumulative fair value of seven impaired loans with individual allowance allocations totaled $12.0 million, net of valuation allowances of $7.1 million and impaired loans that were partially charged off during 2012 totaled $4.2 million, net of charge-offs of $2.6 million. The Company's impaired loans are more fully discussed in Note 4. | ||||||||||||||||
Foreclosed Assets (Carried at Lower of Cost or Fair Value) | ||||||||||||||||
The fair value of real estate acquired through foreclosure is based on independent third party appraisals of the properties, less estimated selling costs. A standard discount rate of 15%, to cover estimated costs to sell the property, is generally used on the most recent appraisal to determine the fair value of the real estate. These assets are included as Level 3 fair values, based upon the lowest level of unobservable input that is significant to the fair value measurements. There were no foreclosed assets with valuation allowances recorded subsequent to initial foreclosure at September 30, 2013 and December 31, 2012, respectively. | ||||||||||||||||
The determination of the fair value of assets measured on a nonrecurring basis is sensitive to changes in economic conditions and can fluctuate in a relatively short period of time. For assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used were as follows: | ||||||||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||
Description | Quoted Prices in | Significant Other | Significant | |||||||||||||
Active Markets for | Observable Inputs | Unobservable | ||||||||||||||
Identical Assets | Inputs | |||||||||||||||
(in thousands) | Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||
September 30, 2013 | ||||||||||||||||
Impaired loans with specific allocation | $ | 13,776 | $ | — | $ | — | $ | 13,776 | ||||||||
Impaired loans net of partial charge-offs | 3,842 | — | — | 3,842 | ||||||||||||
Total | $ | 17,618 | $ | — | $ | — | $ | 17,618 | ||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||
 Description | Quoted Prices in | Significant Other | Significant | |||||||||||||
Active Markets for | Observable Inputs | Unobservable | ||||||||||||||
Identical Assets | Inputs | |||||||||||||||
(in thousands) | Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||
December 31, 2012 | ||||||||||||||||
Impaired loans with specific allocation | $ | 11,991 | $ | — | $ | — | $ | 11,991 | ||||||||
Impaired loans net of partial charge-offs | 4,227 | — | — | 4,227 | ||||||||||||
Total | $ | 16,218 | $ | — | $ | — | $ | 16,218 | ||||||||
The Company's policy is to recognize transfers between levels as of the beginning of the period. There were no transfers between Levels 1 and 2 or between Levels 2 and 3 for the nine months ended September 30, 2013. | ||||||||||||||||
The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company's assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company's disclosures and those of other companies may not be meaningful. The following valuation techniques were used to estimate the fair values of the Company's financial instruments at September 30, 2013 and December 31, 2012: | ||||||||||||||||
  | ||||||||||||||||
Cash and Cash Equivalents (Carried at Cost) | ||||||||||||||||
Cash and cash equivalents include cash, balances due from banks and federal funds sold, all of which have original maturities of 90 days or less. The carrying amounts reported in the balance sheet for cash and short-term instruments approximate those assets' fair values. | ||||||||||||||||
Securities | ||||||||||||||||
The fair value of securities available for sale (carried at fair value) and held to maturity (carried at amortized cost) are determined by matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities' relationship to other benchmark prices. In determining fair market values for its portfolio holdings, the Company receives information from a third party provider which management evaluates and corroborates. Under the current guidance, these values are considered Level 2 inputs, based upon mathematically derived matrix pricing and observed data from similar assets. They are not Level 1 direct quotes, nor do they reflect Level 3 inputs that would be derived from internal analysis or judgment. As the Company does not manage a trading portfolio and typically only sells from its AFS portfolio in order to manage interest rate risk or credit exposure, direct quotes, or street bids, are warranted on an as-needed basis only. | ||||||||||||||||
Loans Held for Sale (Carried at Lower of Cost or Fair Value) | ||||||||||||||||
The fair value of loans held for sale is determined, when possible, using quoted secondary-market prices.  If no such quoted prices exist, the fair value of a loan is determined using quoted prices for a similar loan or loans, adjusted for the specific attributes of that loan. The Company did not write down any loans held for sale during the nine months ended September 30, 2013 or the year ended December 31, 2012. | ||||||||||||||||
Loans Receivable (Carried at Cost) | ||||||||||||||||
The fair value of loans receivable, excluding all nonaccrual loans and accruing loans deemed impaired loans with specific loan allowances, are estimated using a discounted cash flow analysis, using market rates at the balance sheet date that reflect the credit and interest rate-risk inherent in the respective loans. Projected future cash flows are calculated based upon contractual maturity, projected repayments and prepayments of principal. Generally, for variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. | ||||||||||||||||
Restricted Investments in Bank Stock (Carried at Cost) | ||||||||||||||||
The carrying amount of restricted investments in bank stock approximates fair value and considers the limited marketability of such securities. The restricted investments in bank stock consisted of FHLB and Atlantic Community Bankers Bank (ACBB) stock at September 30, 2013 and December 31, 2012. | ||||||||||||||||
Accrued Interest Receivable and Payable (Carried at Cost) | ||||||||||||||||
The carrying amount of accrued interest receivable and accrued interest payable approximates its fair value. | ||||||||||||||||
Deposit Liabilities (Carried at Cost) | ||||||||||||||||
The fair values disclosed for demand deposits (e.g., interest and noninterest-bearing checking, savings and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for fixed-rate certificates of deposits (CDs) are estimated using a discounted cash flow calculation that applies interest rates currently being offered in the market on certificates to a schedule of aggregated expected monthly maturities on time deposits. | ||||||||||||||||
Short-Term Borrowings (Carried at Cost) | ||||||||||||||||
The carrying amounts of short-term borrowings approximate their fair values. | ||||||||||||||||
Long-Term Debt (Carried at Cost) | ||||||||||||||||
Long-term debt was estimated using a discounted cash flow analysis, based on quoted prices from a third party broker for new debt with similar characteristics, terms and remaining maturity. The price was obtained in an inactive market where these types of instruments are not traded regularly. | ||||||||||||||||
Off-Balance Sheet Financial Instruments (Disclosed at Cost) | ||||||||||||||||
Fair values for the Company's off-balance sheet financial instruments (lending commitments and letters of credit) are based on fees currently charged in the market to enter into similar agreements, taking into account, the remaining terms of the agreements and the counterparties' credit standing. | ||||||||||||||||
The estimated fair values of the Company's financial instruments were as follows at September 30, 2013 and December 31, 2012: | ||||||||||||||||
Fair Value Measurements at September 30, 2013 | ||||||||||||||||
Quoted Prices in | Significant Other | Significant | ||||||||||||||
Active Markets for | Observable Inputs | Unobservable | ||||||||||||||
Identical Assets | Inputs | |||||||||||||||
(in thousands) | Carrying | Fair | (Level 1) | (Level 2) | (Level 3) | |||||||||||
Amount | Value | |||||||||||||||
Financial assets: | ||||||||||||||||
     Cash and cash equivalents | $ | 59,382 | $ | 59,382 | $ | 59,382 | $ | — | $ | — | ||||||
     Securities | 889,375 | 875,127 | — | 875,127 | — | |||||||||||
     Loans, held for sale | 5,011 | 5,057 | — | — | 5,057 | |||||||||||
     Loans receivable, net | 1,675,251 | 1,682,652 | — | — | 1,682,652 | |||||||||||
     Restricted investments in bank stock | 18,538 | 18,538 | — | — | 18,538 | |||||||||||
     Accrued interest receivable | 7,257 | 7,257 | 7,257 | — | — | |||||||||||
Financial liabilities: | ||||||||||||||||
     Deposits | $ | 2,177,071 | $ | 2,177,891 | $ | — | $ | — | $ | 2,177,891 | ||||||
     Short-term borrowings | 316,225 | 316,225 | 316,225 | — | — | |||||||||||
     Long-term debt | 15,800 | 12,642 | — | — | 12,642 | |||||||||||
     Accrued interest payable | 217 | 217 | 217 | — | — | |||||||||||
Off-balance sheet instruments: | ||||||||||||||||
     Standby letters of credit | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||
     Commitments to extend credit | — | — | — | — | — | |||||||||||
Fair Value Measurements at December 31, 2012 | ||||||||||||||||
Quoted Prices in | Significant Other | Significant | ||||||||||||||
Active Markets for | Observable Inputs | Unobservable | ||||||||||||||
Identical Assets | Inputs | |||||||||||||||
(in thousands) | Carrying | Fair | (Level 1) | (Level 2) | (Level 3) | |||||||||||
Amount | Value | |||||||||||||||
Financial assets: | ||||||||||||||||
     Cash and cash equivalents | $ | 56,582 | $ | 56,582 | $ | 56,582 | $ | — | $ | — | ||||||
     Securities | 944,892 | 948,780 | — | 948,780 | — | |||||||||||
     Loans, held for sale | 15,183 | 15,415 | — | — | 15,415 | |||||||||||
     Loans receivable, net | 1,503,515 | 1,516,839 | — | — | 1,516,839 | |||||||||||
     Restricted investments in bank stock | 15,450 | 15,450 | — | — | 15,450 | |||||||||||
     Accrued interest receivable | 7,206 | 7,206 | 7,206 | — | — | |||||||||||
Financial liabilities: | ||||||||||||||||
     Deposits | $ | 2,231,291 | $ | 2,232,789 | $ | — | $ | — | $ | 2,232,789 | ||||||
     Short-term borrowings | 113,225 | 113,225 | 113,225 | — | — | |||||||||||
     Long-term debt | 40,800 | 35,629 | — | — | 35,629 | |||||||||||
     Accrued interest payable | 308 | 308 | 308 | — | — | |||||||||||
Off-balance sheet instruments: | ||||||||||||||||
     Standby letters of credit | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||
     Commitments to extend credit | — | — | — | — | — | |||||||||||
Income_Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2013 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
Income Taxes | |
The tax provision for federal income taxes was $2.1 million for the third quarter of 2013, compared to $1.4 million for the same period in 2012. The effective tax rate was 31% and 41% for the quarters ended September 30, 2013 and September 30, 2012, respectively. The reasons for the decrease in the effective tax rate for the third quarter of 2013 over the same quarter last year was the impact of a one-time nonrecurring regulatory expense of $1.5 million paid in the third quarter of 2012 which was not deductible for federal tax purposes, the proportion of tax free income to the Company's earnings before taxes which was higher during the third quarter of 2012 partially offset by a higher statutory rate and higher overall pretax income. | |
The tax provision for federal income taxes was $5.2 million for the first nine months of 2013, compared to $3.4 million for the same period in 2012. The effective tax rates were 30% and 31% for the first nine months months ended September 30, 2013 and September 30, 2012, respectively. The variance in effective tax rates was primarily the result of the proportion of tax free income to the Company's earnings before taxes which was higher during the first nine months of 2012, the previously mentioned $1.5 million one-time non-recurring regulatory expense paid in the third quarter of 2012 which was not deductible for federal tax purposes, both of which were partially offset by a higher statutory rate and higher overall pretax income during the first nine months of 2013. The Company's statutory tax rate was 35% for the nine months months ended September 30, 2013 compared to 34% in the first nine months of 2012. | |
At September 30, 2013, the Company had a net deferred tax asset of $13.3 million. An analysis was conducted to determine if a valuation allowance against its deferred tax assets was required. The Company used current forecasts of future expected income, possible tax planning strategies, current and future economic and business conditions (such as the possibility of a decrease in real estate value for properties the Bank holds as collateral on loans), the probability that taxable income will continue to be generated in future periods and the cumulative losses recorded in previous years to make the assessment. Management concluded that a valuation allowance was not necessary at September 30, 2013. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Consolidated Financial Statements | ' |
Consolidated Financial Statements | |
The consolidated balance sheet at December 31, 2012 has been derived from audited consolidated financial statements and the consolidated interim financial statements included herein have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted pursuant to such rules and regulations. These consolidated financial statements were prepared in accordance with GAAP for interim financial statements and with instructions for Form 10-Q and Regulation S-X Section 210.10-01. Further information on Metro Bancorp, Inc.'s (Metro or the Company) accounting policies are available in Note 1 (Significant Accounting Policies) of the Notes to Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2012. The accompanying consolidated financial statements reflect all adjustments that are, in the opinion of management, necessary to reflect a fair statement of the results for the interim periods presented. Such adjustments are of a normal, recurring nature. | |
These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2012. Events occurring subsequent to the balance sheet date through the date of issuance have been evaluated for potential recognition or disclosure in the consolidated financial statements. The results for the nine months ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013. | |
The consolidated financial statements include the accounts of the Company and its consolidated subsidiaries including Metro Bank (the Bank). All material intercompany transactions have been eliminated. | |
Use of Estimates | ' |
Use of Estimates | |
The consolidated financial statements are prepared in conformity with GAAP. Accounting principles generally accepted in the United States of America require management to make estimates and assumptions that affect reported amounts of assets and liabilities and require disclosure of contingent assets and liabilities. In the opinion of management, all adjustments considered necessary for fair presentation have been included and are of a normal, recurring nature. Actual results could differ from these estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses (allowance or ALL), impaired loans, the valuation of foreclosed assets, the valuation of securities available for sale, the valuation of deferred tax assets, the determination of other-than-temporary impairment (OTTI) on the Company's investment securities portfolio and fair value measurements. |
Securities_Tables
Securities (Tables) | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||
Schedule of Available for Sale and Held to Maturity Securities Reconciliation | ' | ||||||||||||||||||
The amortized cost and fair value of securities are summarized in the following tables: | |||||||||||||||||||
September 30, 2013 | |||||||||||||||||||
(in thousands) | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | |||||||||||||||
Available for Sale: | |||||||||||||||||||
U.S. Government agency securities | $ | 33,995 | $ | — | $ | (3,623 | ) | $ | 30,372 | ||||||||||
Residential mortgage-backed securities | 67,323 | 12 | (2,274 | ) | 65,061 | ||||||||||||||
Agency collateralized mortgage obligations | 500,312 | 2,734 | (12,014 | ) | 491,032 | ||||||||||||||
Municipal securities | 26,897 | — | (1,211 | ) | 25,686 | ||||||||||||||
Total | $ | 628,527 | $ | 2,746 | $ | (19,122 | ) | $ | 612,151 | ||||||||||
Held to Maturity: | |||||||||||||||||||
U.S. Government agency securities | $ | 149,093 | $ | — | $ | (13,108 | ) | $ | 135,985 | ||||||||||
Residential mortgage-backed securities | 16,793 | 1,055 | — | 17,848 | |||||||||||||||
Agency collateralized mortgage obligations | 103,361 | 385 | (2,526 | ) | 101,220 | ||||||||||||||
Corporate debt securities | 5,000 | 94 | — | 5,094 | |||||||||||||||
Municipal securities | 2,977 | 4 | (152 | ) | 2,829 | ||||||||||||||
Total | $ | 277,224 | $ | 1,538 | $ | (15,786 | ) | $ | 262,976 | ||||||||||
December 31, 2012 | |||||||||||||||||||
(in thousands) | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | |||||||||||||||
Available for Sale: | |||||||||||||||||||
U.S. Government agency securities | $ | 33,994 | $ | 19 | $ | (252 | ) | $ | 33,761 | ||||||||||
Residential mortgage-backed securities | 55,614 | 1,596 | — | 57,210 | |||||||||||||||
Agency collateralized mortgage obligations | 547,641 | 9,971 | (745 | ) | 556,867 | ||||||||||||||
Municipal securities | 26,890 | 381 | — | 27,271 | |||||||||||||||
Total | $ | 664,139 | $ | 11,967 | $ | (997 | ) | $ | 675,109 | ||||||||||
Held to Maturity: | |||||||||||||||||||
U.S. Government agency securities | $ | 178,926 | $ | 700 | $ | (363 | ) | $ | 179,263 | ||||||||||
Residential mortgage-backed securities | 23,827 | 1,889 | — | 25,716 | |||||||||||||||
Agency collateralized mortgage obligations | 49,051 | 1,587 | — | 50,638 | |||||||||||||||
Corporate debt securities | 15,000 | 13 | — | 15,013 | |||||||||||||||
Municipal securities | 2,979 | 62 | — | 3,041 | |||||||||||||||
Total | $ | 269,783 | $ | 4,251 | $ | (363 | ) | $ | 273,671 | ||||||||||
Amortized cost and fair value of debt securities by contractual maturity | ' | ||||||||||||||||||
The amortized cost and fair value of debt securities by contractual maturity at September 30, 2013 are shown in the following table. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations. | |||||||||||||||||||
Available for Sale | Held to Maturity | ||||||||||||||||||
(in thousands) | Amortized Cost | Fair Value | Amortized Cost | Fair Value | |||||||||||||||
Due in one year or less | $ | — | $ | — | $ | — | $ | — | |||||||||||
Due after one year through five years | — | — | 5,000 | 5,094 | |||||||||||||||
Due after five years through ten years | 47,482 | 43,453 | 70,000 | 63,648 | |||||||||||||||
Due after ten years | 13,410 | 12,605 | 82,070 | 75,166 | |||||||||||||||
60,892 | 56,058 | 157,070 | 143,908 | ||||||||||||||||
Residential mortgage-backed securities | 67,323 | 65,061 | 16,793 | 17,848 | |||||||||||||||
Agency collateralized mortgage obligations | 500,312 | 491,032 | 103,361 | 101,220 | |||||||||||||||
Total | $ | 628,527 | $ | 612,151 | $ | 277,224 | $ | 262,976 | |||||||||||
Gains (Losses) on the sales or calls of debt securities and credit losses for OTTI of investments | ' | ||||||||||||||||||
The following table summarizes the Company's gains and losses on the sales or calls of debt securities and credit losses recognized for the OTTI of investments: | |||||||||||||||||||
(in thousands) | Gross Realized Gains | Gross Realized Losses | OTTI Credit Losses | Net Gains (Losses) | |||||||||||||||
Three Months Ended: | |||||||||||||||||||
September 30, 2013 | $ | — | $ | — | $ | — | $ | — | |||||||||||
September 30, 2012 | 5 | (42 | ) | — | (37 | ) | |||||||||||||
Nine Months Ended: | |||||||||||||||||||
September 30, 2013 | $ | 1,183 | $ | (1,162 | ) | $ | — | $ | 21 | ||||||||||
September 30, 2012 | 2,500 | (1,541 | ) | (649 | ) | 310 | |||||||||||||
Fair value and gross unrealized losses | ' | ||||||||||||||||||
The following table shows the fair value and gross unrealized losses associated with the Company's investment portfolio, aggregated | |||||||||||||||||||
by investment category and length of time that individual securities have been in a continuous unrealized loss position:Â | |||||||||||||||||||
September 30, 2013 | |||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||
 (in thousands) | Fair Value | Unrealized | Fair Value | Unrealized | Fair Value | Unrealized | |||||||||||||
Losses | Losses | Losses | |||||||||||||||||
Available for Sale: | |||||||||||||||||||
U.S. Government agency securities | $ | 30,372 | $ | (3,623 | ) | $ | — | $ | — | $ | 30,372 | $ | (3,623 | ) | |||||
Residential mortgage-backed securities | 61,773 | (2,274 | ) | — | — | 61,773 | (2,274 | ) | |||||||||||
Agency CMOs | 276,814 | (12,014 | ) | — | — | 276,814 | (12,014 | ) | |||||||||||
Municipal securities | 25,686 | (1,211 | ) | — | — | 25,686 | (1,211 | ) | |||||||||||
Total | $ | 394,645 | $ | (19,122 | ) | $ | — | $ | — | $ | 394,645 | $ | (19,122 | ) | |||||
Held to Maturity: | |||||||||||||||||||
U.S. Government agency securities | $ | 135,985 | $ | (13,108 | ) | $ | — | $ | — | $ | 135,985 | $ | (13,108 | ) | |||||
Agency CMOs | 79,267 | (2,526 | ) | — | — | 79,267 | (2,526 | ) | |||||||||||
Municipal securities | 1,723 | (152 | ) | — | — | 1,723 | (152 | ) | |||||||||||
Total | $ | 216,975 | $ | (15,786 | ) | $ | — | $ | — | $ | 216,975 | $ | (15,786 | ) | |||||
December 31, 2012 | |||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||
 (in thousands) | Fair Value | Unrealized | Fair Value | Unrealized | Fair Value | Unrealized | |||||||||||||
Losses | Losses | Losses | |||||||||||||||||
Available for Sale: | |||||||||||||||||||
U.S. Government agency securities | $ | 24,748 | $ | (252 | ) | $ | — | $ | — | $ | 24,748 | $ | (252 | ) | |||||
Agency CMOs | 53,274 | (745 | ) | — | — | 53,274 | (745 | ) | |||||||||||
Total | $ | 78,022 | $ | (997 | ) | $ | — | $ | — | $ | 78,022 | $ | (997 | ) | |||||
Held to Maturity: | |||||||||||||||||||
U.S. Government agency securities | $ | 57,572 | $ | (363 | ) | $ | — | $ | — | $ | 57,572 | $ | (363 | ) | |||||
Total | $ | 57,572 | $ | (363 | ) | $ | — | $ | — | $ | 57,572 | $ | (363 | ) | |||||
Cumulative life credit losses recognized in earnings | ' | ||||||||||||||||||
The table that follows rolls forward the cumulative life-to-date credit losses which have been recognized in earnings for the private-label CMOs for the three months and nine months ended September 30, 2013 and September 30, 2012. The Company did not incur any credit losses for the private-label CMOs in 2013 and does not currently hold private-label CMOs as of September 30, 2013. | |||||||||||||||||||
Private-label CMOs | |||||||||||||||||||
Available for Sale | |||||||||||||||||||
(in thousands) | 2013 | 2012 | |||||||||||||||||
Cumulative OTTI credit losses at July 1, | $ | — | $ | 252 | |||||||||||||||
Additional increases for OTTI previously recognized when | — | — | |||||||||||||||||
  there is no intent to sell and no requirement to sell before | |||||||||||||||||||
  recovery of amortized cost basis | |||||||||||||||||||
Reduction due to credit impaired securities sold | — | (112 | ) | ||||||||||||||||
Cumulative OTTI credit losses recognized for securities still | $ | — | $ | 140 | |||||||||||||||
  held at September 30, | |||||||||||||||||||
Private-label CMOs | |||||||||||||||||||
Available for Sale | |||||||||||||||||||
(in thousands) | 2013 | 2012 | |||||||||||||||||
Cumulative OTTI credit losses at January 1, | $ | — | $ | 2,949 | |||||||||||||||
Additional increases for OTTI previously recognized when | — | 649 | |||||||||||||||||
  there is no intent to sell and no requirement to sell before | |||||||||||||||||||
  recovery of amortized cost basis | |||||||||||||||||||
Reduction due to credit impaired securities sold | — | (3,458 | ) | ||||||||||||||||
Cumulative OTTI credit losses recognized for securities still | $ | — | $ | 140 | |||||||||||||||
  held at September 30, | |||||||||||||||||||
Loans_Receivable_and_Allowance1
Loans Receivable and Allowance for Loan Losses (Tables) | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||
Receivables [Abstract] | ' | |||||||||||||||||||||||||||
Summary of Loans Receivable | ' | |||||||||||||||||||||||||||
A summary of the Bank's loans receivable at September 30, 2013 and December 31, 2012 is as follows: | ||||||||||||||||||||||||||||
(in thousands) | September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||
Commercial and industrial | $ | 435,508 | $ | 376,988 | ||||||||||||||||||||||||
Commercial tax-exempt | 82,507 | 92,202 | ||||||||||||||||||||||||||
Owner occupied real estate | 300,555 | 268,372 | ||||||||||||||||||||||||||
Commercial construction and land development | 124,376 | 100,399 | ||||||||||||||||||||||||||
Commercial real estate | 450,611 | 394,404 | ||||||||||||||||||||||||||
Residential | 94,227 | 83,899 | ||||||||||||||||||||||||||
Consumer | 214,892 | 212,533 | ||||||||||||||||||||||||||
1,702,676 | 1,528,797 | |||||||||||||||||||||||||||
Less: allowance for loan losses | 27,425 | 25,282 | ||||||||||||||||||||||||||
Net loans receivable | $ | 1,675,251 | $ | 1,503,515 | ||||||||||||||||||||||||
Summary of Nonaccrual Loans, by Type | ' | |||||||||||||||||||||||||||
The following table summarizes nonaccrual loans by loan type at September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||||||||
(in thousands) | September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||
Nonaccrual loans: | ||||||||||||||||||||||||||||
   Commercial and industrial | $ | 9,967 | $ | 11,289 | ||||||||||||||||||||||||
   Commercial tax-exempt | — | — | ||||||||||||||||||||||||||
   Owner occupied real estate | 4,924 | 3,119 | ||||||||||||||||||||||||||
   Commercial construction and land development | 11,723 | 6,300 | ||||||||||||||||||||||||||
   Commercial real estate | 6,904 | 5,659 | ||||||||||||||||||||||||||
   Residential | 7,316 | 3,203 | ||||||||||||||||||||||||||
   Consumer | 2,541 | 2,846 | ||||||||||||||||||||||||||
Total nonaccrual loans | $ | 43,375 | $ | 32,416 | ||||||||||||||||||||||||
Age Analysis of Past Due Loan Receivables | ' | |||||||||||||||||||||||||||
The following tables are an age analysis of past due loan receivables as of September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||||||||
Past Due Loans | Recorded Investment in Loans 90 Days and Greater and Still Accruing | |||||||||||||||||||||||||||
(in thousands) | Current | 30-59 Days Past Due | 60-89 Days Past Due | 90 Days Past Due and Greater | Total Past Due | Total Loan Receivables | ||||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||||||
Commercial and industrial | $ | 427,524 | $ | 2,105 | $ | 945 | $ | 4,934 | $ | 7,984 | $ | 435,508 | $ | — | ||||||||||||||
Commercial tax-exempt | 82,507 | — | — | — | — | 82,507 | — | |||||||||||||||||||||
Owner occupied real estate | 293,443 | 2,870 | 839 | 3,403 | 7,112 | 300,555 | — | |||||||||||||||||||||
Commercial construction and | 116,133 | 169 | — | 8,074 | 8,243 | 124,376 | — | |||||||||||||||||||||
land development | ||||||||||||||||||||||||||||
Commercial real estate | 439,855 | 3,937 | 6,241 | 578 | 10,756 | 450,611 | — | |||||||||||||||||||||
Residential | 90,874 | 570 | 1,243 | 1,540 | 3,353 | 94,227 | 119 | |||||||||||||||||||||
Consumer | 211,593 | 1,875 | 563 | 861 | 3,299 | 214,892 | — | |||||||||||||||||||||
Total | $ | 1,661,929 | $ | 11,526 | $ | 9,831 | $ | 19,390 | $ | 40,747 | $ | 1,702,676 | $ | 119 | ||||||||||||||
Past Due Loans | Recorded Investment in Loans 90 Days and Greater and Still Accruing | |||||||||||||||||||||||||||
(in thousands) | Current | 30-59 Days Past Due | 60-89 Days Past Due | 90 Days Past Due and Greater | Total Past Due | Total Loan Receivables | ||||||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||
Commercial and industrial | $ | 368,769 | $ | 1,096 | $ | 3,256 | $ | 3,867 | $ | 8,219 | $ | 376,988 | $ | 30 | ||||||||||||||
Commercial tax-exempt | 92,202 | — | — | — | — | 92,202 | — | |||||||||||||||||||||
Owner occupied real estate | 265,817 | 610 | 353 | 1,592 | 2,555 | 268,372 | — | |||||||||||||||||||||
Commercial construction and | 89,250 | 4,251 | 4,318 | 2,580 | 11,149 | 100,399 | 188 | |||||||||||||||||||||
land development | ||||||||||||||||||||||||||||
Commercial real estate | 386,821 | 3,846 | 78 | 3,659 | 7,583 | 394,404 | — | |||||||||||||||||||||
Residential | 76,587 | 4,303 | 1,252 | 1,757 | 7,312 | 83,899 | — | |||||||||||||||||||||
Consumer | 208,335 | 2,277 | 410 | 1,511 | 4,198 | 212,533 | 2 | |||||||||||||||||||||
Total | $ | 1,487,781 | $ | 16,383 | $ | 9,667 | $ | 14,966 | $ | 41,016 | $ | 1,528,797 | $ | 220 | ||||||||||||||
Summary of Allowances on Loan Receivables, by Class | ' | |||||||||||||||||||||||||||
A summary of the ALL and balance of loans receivable by loan class and by impairment method as of September 30, 2013 and December 31, 2012 is detailed in the tables that follow: | ||||||||||||||||||||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. construction and land development | Comm. real estate | Residential | Con | Unallocated | Total | |||||||||||||||||||
sumer | ||||||||||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||||
Individually evaluated | $ | 1,790 | $ | — | $ | 1,390 | $ | 4,050 | $ | 2,638 | $ | 523 | $ | 477 | $ | — | $ | 10,868 | ||||||||||
for impairment | ||||||||||||||||||||||||||||
Collectively evaluated | 7,473 | 75 | 787 | 3,439 | 3,113 | 356 | 839 | 475 | 16,557 | |||||||||||||||||||
for impairment | ||||||||||||||||||||||||||||
Total ALL | $ | 9,263 | $ | 75 | $ | 2,177 | $ | 7,489 | $ | 5,751 | $ | 879 | $ | 1,316 | $ | 475 | $ | 27,425 | ||||||||||
Loans receivable: | ||||||||||||||||||||||||||||
Loans evaluated | $ | 12,806 | $ | — | $ | 5,185 | $ | 14,946 | $ | 15,307 | $ | 8,187 | $ | 3,295 | $ | — | $ | 59,726 | ||||||||||
  individually | ||||||||||||||||||||||||||||
Loans evaluated | 422,702 | 82,507 | 295,370 | 109,430 | 435,304 | 86,040 | 211,597 | — | 1,642,950 | |||||||||||||||||||
  collectively | ||||||||||||||||||||||||||||
Total loans receivable | $ | 435,508 | $ | 82,507 | $ | 300,555 | $ | 124,376 | $ | 450,611 | $ | 94,227 | $ | 214,892 | $ | — | $ | 1,702,676 | ||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. construction and land development | Comm. real estate | Residential | Con | Unallocated | Total | |||||||||||||||||||
sumer | ||||||||||||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||||
Individually evaluated | $ | 2,399 | $ | — | $ | 1,451 | $ | 2,470 | $ | 800 | $ | — | $ | — | $ | — | $ | 7,120 | ||||||||||
for impairment | ||||||||||||||||||||||||||||
Collectively evaluated | 7,560 | 83 | 678 | 4,752 | 3,183 | 324 | 793 | 789 | 18,162 | |||||||||||||||||||
for impairment | ||||||||||||||||||||||||||||
Total ALL | $ | 9,959 | $ | 83 | $ | 2,129 | $ | 7,222 | $ | 3,983 | $ | 324 | $ | 793 | $ | 789 | $ | 25,282 | ||||||||||
Loans receivable: | ||||||||||||||||||||||||||||
Loans evaluated | $ | 13,082 | $ | — | $ | 3,380 | $ | 15,549 | $ | 17,136 | $ | 4,163 | $ | 3,331 | $ | — | $ | 56,641 | ||||||||||
  individually | ||||||||||||||||||||||||||||
Loans evaluated | 363,906 | 92,202 | 264,992 | 84,850 | 377,268 | 79,736 | 209,202 | — | 1,472,156 | |||||||||||||||||||
  collectively | ||||||||||||||||||||||||||||
Total loans receivable | $ | 376,988 | $ | 92,202 | $ | 268,372 | $ | 100,399 | $ | 394,404 | $ | 83,899 | $ | 212,533 | $ | — | $ | 1,528,797 | ||||||||||
The following tables summarize the transactions in the ALL for the three and nine months ended September 30, 2013 and 2012: | ||||||||||||||||||||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. construction and land development | Comm. real estate | Residential | Consumer | Unallocated | Total | |||||||||||||||||||
2013 | ||||||||||||||||||||||||||||
Balance at July 1 | $ | 10,549 | $ | 74 | $ | 2,207 | $ | 7,810 | $ | 5,059 | $ | 863 | $ | 1,258 | $ | 218 | $ | 28,038 | ||||||||||
Provision charged to operating expenses | (437 | ) | 1 | 4 | (33 | ) | 801 | 45 | 562 | 257 | 1,200 | |||||||||||||||||
Recoveries of loans previously charged-off | 613 | — | — | (21 | ) | — | 7 | 11 | — | 610 | ||||||||||||||||||
Loans charged-off | (1,462 | ) | — | (34 | ) | (267 | ) | (109 | ) | (36 | ) | (515 | ) | — | (2,423 | ) | ||||||||||||
Balance at September 30 | $ | 9,263 | $ | 75 | $ | 2,177 | $ | 7,489 | $ | 5,751 | $ | 879 | $ | 1,316 | $ | 475 | $ | 27,425 | ||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. construction and land development | Comm. real estate | Residential | Consumer | Unallocated | Total | |||||||||||||||||||
2013 | ||||||||||||||||||||||||||||
Balance at January 1 | $ | 9,959 | $ | 83 | $ | 2,129 | $ | 7,222 | $ | 3,983 | $ | 324 | $ | 793 | $ | 789 | $ | 25,282 | ||||||||||
Provision charged to operating expenses | 1,085 | (8 | ) | 315 | 82 | 2,100 | 711 | 1,329 | (314 | ) | 5,300 | |||||||||||||||||
Recoveries of loans previously charged-off | 945 | — | 3 | 477 | — | 10 | 69 | — | 1,504 | |||||||||||||||||||
Loans charged-off | (2,726 | ) | — | (270 | ) | (292 | ) | (332 | ) | (166 | ) | (875 | ) | — | (4,661 | ) | ||||||||||||
Balance at September 30 | $ | 9,263 | $ | 75 | $ | 2,177 | $ | 7,489 | $ | 5,751 | $ | 879 | $ | 1,316 | $ | 475 | $ | 27,425 | ||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. construction and land development | Comm. real estate | Residential | Consumer | Unallocated | Total | |||||||||||||||||||
2012 | ||||||||||||||||||||||||||||
Balance at July 1 | $ | 10,575 | $ | 74 | $ | 2,117 | $ | 8,917 | $ | 3,139 | $ | 438 | $ | 797 | $ | 101 | $ | 26,158 | ||||||||||
Provision charged to operating expenses | 398 | 6 | 294 | (762 | ) | 1,609 | 101 | 301 | 553 | 2,500 | ||||||||||||||||||
Recoveries of loans previously charged-off | 15 | — | — | 64 | 55 | 3 | 20 | — | 157 | |||||||||||||||||||
Loans charged-off | (487 | ) | — | — | (625 | ) | (1,580 | ) | (198 | ) | (329 | ) | — | (3,219 | ) | |||||||||||||
Balance at September 30 | $ | 10,501 | $ | 80 | $ | 2,411 | $ | 7,594 | $ | 3,223 | $ | 344 | $ | 789 | $ | 654 | $ | 25,596 | ||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. construction and land development | Comm. real estate | Residential | Consumer | Unallocated | Total | |||||||||||||||||||
2012 | ||||||||||||||||||||||||||||
Balance at January 1 | $ | 8,400 | $ | 79 | $ | 729 | $ | 7,840 | $ | 3,241 | $ | 435 | $ | 831 | $ | 65 | $ | 21,620 | ||||||||||
Provision charged to operating expenses | 2,832 | 1 | 1,766 | 464 | 1,749 | 168 | 381 | 589 | 7,950 | |||||||||||||||||||
Recoveries of loans previously charged-off | 216 | — | 8 | 513 | 85 | 4 | 65 | — | 891 | |||||||||||||||||||
Loans charged-off | (947 | ) | — | (92 | ) | (1,223 | ) | (1,852 | ) | (263 | ) | (488 | ) | — | (4,865 | ) | ||||||||||||
Balance at September 30 | $ | 10,501 | $ | 80 | $ | 2,411 | $ | 7,594 | $ | 3,223 | $ | 344 | $ | 789 | $ | 654 | $ | 25,596 | ||||||||||
Schedule of Impaired Loan Receivables | ' | |||||||||||||||||||||||||||
The following table presents additional information regarding the Company's impaired loans for the three and nine months ended September 30, 2013 and 2012: | ||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | September 30, 2013 | September 30, 2012 | |||||||||||||||||||||||||
(in thousands) | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||
Loans with no related allowance: | ||||||||||||||||||||||||||||
   Commercial and industrial | $ | 9,501 | $ | 47 | $ | 11,921 | $ | 48 | $ | 9,320 | $ | 121 | $ | 12,042 | $ | 140 | ||||||||||||
   Commercial tax-exempt | — | — | — | — | — | — | — | — | ||||||||||||||||||||
   Owner occupied real estate | 3,808 | — | 2,379 | 27 | 2,841 | — | 4,465 | 150 | ||||||||||||||||||||
   Commercial construction and | 6,366 | 43 | 9,682 | 166 | 7,399 | 133 | 10,668 | 417 | ||||||||||||||||||||
     land development | ||||||||||||||||||||||||||||
   Commercial real estate | 10,229 | 104 | 12,238 | 79 | 11,550 | 360 | 11,699 | 175 | ||||||||||||||||||||
   Residential | 5,355 | 13 | 4,270 | 13 | 4,942 | 49 | 3,946 | 31 | ||||||||||||||||||||
   Consumer | 3,190 | 8 | 2,632 | 6 | 3,186 | 22 | 2,301 | 8 | ||||||||||||||||||||
Total impaired loans with no | 38,449 | 215 | 43,122 | 339 | 39,238 | 685 | 45,121 | 921 | ||||||||||||||||||||
  related allowance | ||||||||||||||||||||||||||||
Loans with an allowance recorded: | ||||||||||||||||||||||||||||
   Commercial and industrial | 4,587 | — | 8,106 | — | 5,030 | — | 4,709 | — | ||||||||||||||||||||
   Owner occupied real estate | 1,399 | — | 2,036 | — | 1,418 | — | 1,436 | — | ||||||||||||||||||||
   Commercial construction and | 8,848 | — | 11,524 | — | 8,168 | — | 12,552 | — | ||||||||||||||||||||
     land development | ||||||||||||||||||||||||||||
   Commercial real estate | 5,129 | — | — | — | 4,486 | — | — | — | ||||||||||||||||||||
   Residential | 3,091 | — | — | — | 1,381 | — | — | — | ||||||||||||||||||||
   Consumer | 478 | — | — | — | 214 | — | — | — | ||||||||||||||||||||
Total impaired loans with an | 23,532 | — | 21,666 | — | 20,697 | — | 18,697 | — | ||||||||||||||||||||
  allowance recorded | ||||||||||||||||||||||||||||
Total impaired loans: | ||||||||||||||||||||||||||||
   Commercial and industrial | 14,088 | 47 | 20,027 | 48 | 14,350 | 121 | 16,751 | 140 | ||||||||||||||||||||
   Commercial tax-exempt | — | — | — | — | — | — | — | — | ||||||||||||||||||||
   Owner occupied real estate | 5,207 | — | 4,415 | 27 | 4,259 | — | 5,901 | 150 | ||||||||||||||||||||
   Commercial construction and | 15,214 | 43 | 21,206 | 166 | 15,567 | 133 | 23,220 | 417 | ||||||||||||||||||||
     land development | ||||||||||||||||||||||||||||
   Commercial real estate | 15,358 | 104 | 12,238 | 79 | 16,036 | 360 | 11,699 | 175 | ||||||||||||||||||||
   Residential | 8,446 | 13 | 4,270 | 13 | 6,323 | 49 | 3,946 | 31 | ||||||||||||||||||||
   Consumer | 3,668 | 8 | 2,632 | 6 | 3,400 | 22 | 2,301 | 8 | ||||||||||||||||||||
Total impaired loans | $ | 61,981 | $ | 215 | $ | 64,788 | $ | 339 | $ | 59,935 | $ | 685 | $ | 63,818 | $ | 921 | ||||||||||||
The following table presents information regarding the Company's impaired loans as of September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | |||||||||||||||||||||||||||
(in thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | Recorded Investment | Unpaid Principal Balance | Related Allowance | ||||||||||||||||||||||
Loans with no related allowance: | ||||||||||||||||||||||||||||
   Commercial and industrial | $ | 9,577 | $ | 14,109 | $ | — | $ | 7,426 | $ | 11,746 | $ | — | ||||||||||||||||
   Commercial tax-exempt | — | — | — | — | — | — | ||||||||||||||||||||||
   Owner occupied real estate | 3,795 | 4,351 | — | 1,929 | 2,301 | — | ||||||||||||||||||||||
   Commercial construction and land | 5,574 | 5,987 | — | 7,716 | 8,500 | — | ||||||||||||||||||||||
     development | ||||||||||||||||||||||||||||
   Commercial real estate | 8,220 | 8,301 | — | 12,965 | 14,619 | — | ||||||||||||||||||||||
   Residential | 5,098 | 5,471 | — | 4,163 | 4,423 | — | ||||||||||||||||||||||
   Consumer | 2,818 | 3,095 | — | 3,331 | 3,547 | — | ||||||||||||||||||||||
Total impaired loans with no related | 35,082 | 41,314 | — | 37,530 | 45,136 | — | ||||||||||||||||||||||
  allowance | ||||||||||||||||||||||||||||
Loans with an allowance recorded: | ||||||||||||||||||||||||||||
   Commercial and industrial | 3,229 | 3,229 | 1,790 | 5,656 | 6,526 | 2,399 | ||||||||||||||||||||||
   Owner occupied real estate | 1,390 | 1,390 | 1,390 | 1,451 | 1,451 | 1,451 | ||||||||||||||||||||||
   Commercial construction and land | 9,372 | 9,372 | 4,050 | 7,833 | 7,833 | 2,470 | ||||||||||||||||||||||
     development | ||||||||||||||||||||||||||||
   Commercial real estate | 7,087 | 7,087 | 2,638 | 4,171 | 4,172 | 800 | ||||||||||||||||||||||
   Residential | 3,089 | 3,089 | 523 | — | — | — | ||||||||||||||||||||||
   Consumer | 477 | 477 | 477 | — | — | — | ||||||||||||||||||||||
Total impaired loans with an | 24,644 | 24,644 | 10,868 | 19,111 | 19,982 | 7,120 | ||||||||||||||||||||||
  allowance recorded | ||||||||||||||||||||||||||||
Total impaired loans: | ||||||||||||||||||||||||||||
   Commercial and industrial | 12,806 | 17,338 | 1,790 | 13,082 | 18,272 | 2,399 | ||||||||||||||||||||||
   Commercial tax-exempt | — | — | — | — | — | — | ||||||||||||||||||||||
   Owner occupied real estate | 5,185 | 5,741 | 1,390 | 3,380 | 3,752 | 1,451 | ||||||||||||||||||||||
   Commercial construction and land | 14,946 | 15,359 | 4,050 | 15,549 | 16,333 | 2,470 | ||||||||||||||||||||||
     development | ||||||||||||||||||||||||||||
   Commercial real estate | 15,307 | 15,388 | 2,638 | 17,136 | 18,791 | 800 | ||||||||||||||||||||||
   Residential | 8,187 | 8,560 | 523 | 4,163 | 4,423 | — | ||||||||||||||||||||||
   Consumer | 3,295 | 3,572 | 477 | 3,331 | 3,547 | — | ||||||||||||||||||||||
Total impaired loans | $ | 59,726 | $ | 65,958 | $ | 10,868 | $ | 56,641 | $ | 65,118 | $ | 7,120 | ||||||||||||||||
Credit Quality Indicators for Loans, by Loan Type | ' | |||||||||||||||||||||||||||
Credit quality indicators for commercial loans broken out by loan type are presented in the following tables for the periods ended September 30, 2013 and December 31, 2012. There were no loans classified as doubtful for the periods ended September 30, 2013 or December 31, 2012. | ||||||||||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||||||
(in thousands) | Pass | Special Mention | Substandard Accrual | Substandard Nonaccrual | Total | |||||||||||||||||||||||
Commercial credit exposure: | ||||||||||||||||||||||||||||
   Commercial and industrial | $ | 393,313 | $ | 9,454 | $ | 22,774 | $ | 9,967 | $ | 435,508 | ||||||||||||||||||
   Commercial tax-exempt | 82,507 | — | — | — | 82,507 | |||||||||||||||||||||||
   Owner occupied real estate | 284,355 | 3,983 | 7,293 | 4,924 | 300,555 | |||||||||||||||||||||||
   Commercial construction and land development | 108,560 | — | 4,093 | 11,723 | 124,376 | |||||||||||||||||||||||
   Commercial real estate | 437,256 | 607 | 5,844 | 6,904 | 450,611 | |||||||||||||||||||||||
     Total | $ | 1,305,991 | $ | 14,044 | $ | 40,004 | $ | 33,518 | $ | 1,393,557 | ||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||
(in thousands) | Pass | Special Mention | Substandard Accrual | Substandard Nonaccrual | Total | |||||||||||||||||||||||
Commercial credit exposure: | ||||||||||||||||||||||||||||
   Commercial and industrial | $ | 335,463 | $ | 6,120 | $ | 24,116 | $ | 11,289 | $ | 376,988 | ||||||||||||||||||
   Commercial tax-exempt | 92,202 | — | — | — | 92,202 | |||||||||||||||||||||||
   Owner occupied real estate | 253,338 | 4,160 | 7,755 | 3,119 | 268,372 | |||||||||||||||||||||||
   Commercial construction and land development | 81,219 | 5,046 | 7,834 | 6,300 | 100,399 | |||||||||||||||||||||||
   Commercial real estate | 379,313 | 574 | 8,858 | 5,659 | 394,404 | |||||||||||||||||||||||
     Total | $ | 1,141,535 | $ | 15,900 | $ | 48,563 | $ | 26,367 | $ | 1,232,365 | ||||||||||||||||||
Consumer loan credit exposures are rated either performing or nonperforming as detailed below at September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||||||
(in thousands) | Performing | Nonperforming | Total | |||||||||||||||||||||||||
Consumer credit exposure: | ||||||||||||||||||||||||||||
   Residential | $ | 86,911 | $ | 7,316 | $ | 94,227 | ||||||||||||||||||||||
   Consumer | 212,351 | 2,541 | 214,892 | |||||||||||||||||||||||||
     Total | $ | 299,262 | $ | 9,857 | $ | 309,119 | ||||||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||
(in thousands) | Performing | Nonperforming | Total | |||||||||||||||||||||||||
Consumer credit exposure: | ||||||||||||||||||||||||||||
   Residential | $ | 80,696 | $ | 3,203 | $ | 83,899 | ||||||||||||||||||||||
   Consumer | 209,687 | 2,846 | 212,533 | |||||||||||||||||||||||||
     Total | $ | 290,383 | $ | 6,049 | $ | 296,432 | ||||||||||||||||||||||
Troubled Debt Restructurings on Loan Receivables, by Concession Type | ' | |||||||||||||||||||||||||||
The following table presents the recorded investment at the time of restructure of new TDRs and their concession, modified during the three and nine month periods ended September 30, 2013 and 2012. The recorded investment at the time of restructure was the same pre-modification and post-modification, therefore there was no financial effect of the modification on the recorded investment. The loans included are considered TDRs as a result of the Bank implementing one or more of the following concessions: granting a material extension of time, entering into a forbearance agreement, adjusting the interest rate, accepting interest only payments for an extended period of time, a change in the amortization period or a combination of any of these concessions. | ||||||||||||||||||||||||||||
New TDRs with Concession Type: | Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | September 30, 2013 | September 30, 2012 | |||||||||||||||||||||||||
(dollars in thousands) | Number of Contracts | Recorded Investment at Time of Restructure | Number of Contracts | Recorded Investment at Time of Restructure | Number of Contracts | Recorded Investment at Time of Restructure | Number of Contracts | Recorded Investment at Time of Restructure | ||||||||||||||||||||
Commercial and industrial: | ||||||||||||||||||||||||||||
   Material extension of time | — | $ | — | — | $ | — | — | $ | — | 1 | $ | 1,262 | ||||||||||||||||
   Interest rate adjustment | — | — | 1 | 3,404 | — | — | 1 | 3,404 | ||||||||||||||||||||
   Change in amortization period | — | — | — | — | 7 | 1,079 | — | — | ||||||||||||||||||||
   Combination of concessions | — | — | — | — | 1 | 125 | — | — | ||||||||||||||||||||
Owner occupied real estate: | ||||||||||||||||||||||||||||
   Forbearance agreement | — | — | — | — | 1 | 193 | — | — | ||||||||||||||||||||
Commercial construction and land development: | ||||||||||||||||||||||||||||
   Material extension of time | 1 | 1,749 | — | — | 4 | 2,801 | 5 | 3,396 | ||||||||||||||||||||
   Combination of concessions | — | — | 1 | 3,546 | — | — | 1 | 3,546 | ||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||
   Material extension of time | — | — | — | — | — | — | 1 | 68 | ||||||||||||||||||||
   Change in amortization period | — | — | — | — | — | — | — | — | ||||||||||||||||||||
   Combination of concessions | — | — | 1 | 3,275 | 3 | 2,945 | 1 | 3,275 | ||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||
   Material extension of time | — | — | 1 | 49 | 1 | 260 | 2 | 329 | ||||||||||||||||||||
   Forbearance agreement | 1 | 3,096 | — | — | 1 | 3,096 | — | — | ||||||||||||||||||||
   Change in amortization period | 1 | 346 | — | — | 1 | 346 | — | — | ||||||||||||||||||||
   Combination of concessions | — | — | — | — | — | — | 1 | 195 | ||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||
   Material extension of time | — | — | 2 | 664 | 1 | 35 | 4 | 859 | ||||||||||||||||||||
   Forbearance agreement | 1 | 480 | — | — | 1 | 480 | — | — | ||||||||||||||||||||
Total | 4 | $ | 5,671 | 6 | $ | 10,938 | 21 | $ | 11,360 | 17 | $ | 16,334 | ||||||||||||||||
Loans Receivable Modified as Troubled Debt Restructurings, Previous 12 Months, Subsequently Defaulted | ' | |||||||||||||||||||||||||||
The following table represents loans receivable modified as TDR within the 12 months previous to September 30, 2013 and 2012, respectively, and that subsequently defaulted during the three and nine month periods ended September 30, 2013 and 2012, respectively. The Bank's policy is to consider a loan past due or delinquent if payment is not received on or before the due date. | ||||||||||||||||||||||||||||
TDRs That Subsequently Payment Defaulted: | Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | September 30, 2013 | September 30, 2012 | |||||||||||||||||||||||||
(dollars in thousands) | Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | ||||||||||||||||||||
   Commercial and industrial | 1 | $ | 179 | 1 | $ | 2 | 10 | $ | 5,051 | 2 | $ | 177 | ||||||||||||||||
   Commercial tax-exempt | — | — | — | — | — | — | — | — | ||||||||||||||||||||
   Owner occupied real estate | — | — | — | — | 2 | 1,580 | — | — | ||||||||||||||||||||
   Commercial construction | — | — | — | — | 2 | 2,426 | 4 | 2,575 | ||||||||||||||||||||
     and land development | ||||||||||||||||||||||||||||
   Commercial real estate | — | — | — | — | 3 | 2,943 | 2 | 1,011 | ||||||||||||||||||||
   Residential | 1 | 3,089 | 1 | 65 | 2 | 3,348 | 3 | 609 | ||||||||||||||||||||
   Consumer | 1 | 477 | — | — | 2 | 575 | 1 | 178 | ||||||||||||||||||||
Total | 3 | $ | 3,745 | 2 | $ | 67 | 21 | $ | 15,923 | 12 | $ | 4,550 | ||||||||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Financial Assets Measured at Fair Value on Recurring Basis | ' | |||||||||||||||
The following table sets forth the Company's financial assets that were measured at fair value on a recurring basis at September 30, 2013 and December 31, 2012, respectively, by level within the fair value hierarchy: | ||||||||||||||||
 Fair Value Measurements at Reporting Date Using | ||||||||||||||||
Description | Quoted Prices in | Significant Other | Significant | |||||||||||||
Active Markets for | Observable Inputs | Unobservable | ||||||||||||||
Identical Assets | Inputs | |||||||||||||||
(in thousands) | Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||
September 30, 2013 | ||||||||||||||||
U.S. Government agency securities | $ | 30,372 | $ | — | $ | 30,372 | $ | — | ||||||||
Residential MBSs | 65,061 | — | 65,061 | — | ||||||||||||
Agency CMOs | 491,032 | — | 491,032 | — | ||||||||||||
Municipal securities | 25,686 | — | 25,686 | — | ||||||||||||
Securities available for sale | $ | 612,151 | $ | — | $ | 612,151 | $ | — | ||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||
Description | Quoted Prices in | Significant Other | Significant | |||||||||||||
Active Markets for | Observable Inputs | Unobservable | ||||||||||||||
Identical Assets | Inputs | |||||||||||||||
(in thousands) | Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||
December 31, 2012 | ||||||||||||||||
U.S. Government agency securities | $ | 33,761 | $ | — | $ | 33,761 | $ | — | ||||||||
Residential MBSs | 57,210 | — | 57,210 | — | ||||||||||||
Agency CMOs | 556,867 | — | 556,867 | — | ||||||||||||
Municipal securities | 27,271 | — | 27,271 | — | ||||||||||||
Securities available for sale | $ | 675,109 | $ | — | $ | 675,109 | $ | — | ||||||||
Financial Assets Measured at Fair Value on Nonrecurring Basis | ' | |||||||||||||||
For assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used were as follows: | ||||||||||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||
Description | Quoted Prices in | Significant Other | Significant | |||||||||||||
Active Markets for | Observable Inputs | Unobservable | ||||||||||||||
Identical Assets | Inputs | |||||||||||||||
(in thousands) | Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||
September 30, 2013 | ||||||||||||||||
Impaired loans with specific allocation | $ | 13,776 | $ | — | $ | — | $ | 13,776 | ||||||||
Impaired loans net of partial charge-offs | 3,842 | — | — | 3,842 | ||||||||||||
Total | $ | 17,618 | $ | — | $ | — | $ | 17,618 | ||||||||
Fair Value Measurements at Reporting Date Using | ||||||||||||||||
 Description | Quoted Prices in | Significant Other | Significant | |||||||||||||
Active Markets for | Observable Inputs | Unobservable | ||||||||||||||
Identical Assets | Inputs | |||||||||||||||
(in thousands) | Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||
December 31, 2012 | ||||||||||||||||
Impaired loans with specific allocation | $ | 11,991 | $ | — | $ | — | $ | 11,991 | ||||||||
Impaired loans net of partial charge-offs | 4,227 | — | — | 4,227 | ||||||||||||
Total | $ | 16,218 | $ | — | $ | — | $ | 16,218 | ||||||||
Estimated Fair Values of Financial Instruments | ' | |||||||||||||||
The estimated fair values of the Company's financial instruments were as follows at September 30, 2013 and December 31, 2012: | ||||||||||||||||
Fair Value Measurements at September 30, 2013 | ||||||||||||||||
Quoted Prices in | Significant Other | Significant | ||||||||||||||
Active Markets for | Observable Inputs | Unobservable | ||||||||||||||
Identical Assets | Inputs | |||||||||||||||
(in thousands) | Carrying | Fair | (Level 1) | (Level 2) | (Level 3) | |||||||||||
Amount | Value | |||||||||||||||
Financial assets: | ||||||||||||||||
     Cash and cash equivalents | $ | 59,382 | $ | 59,382 | $ | 59,382 | $ | — | $ | — | ||||||
     Securities | 889,375 | 875,127 | — | 875,127 | — | |||||||||||
     Loans, held for sale | 5,011 | 5,057 | — | — | 5,057 | |||||||||||
     Loans receivable, net | 1,675,251 | 1,682,652 | — | — | 1,682,652 | |||||||||||
     Restricted investments in bank stock | 18,538 | 18,538 | — | — | 18,538 | |||||||||||
     Accrued interest receivable | 7,257 | 7,257 | 7,257 | — | — | |||||||||||
Financial liabilities: | ||||||||||||||||
     Deposits | $ | 2,177,071 | $ | 2,177,891 | $ | — | $ | — | $ | 2,177,891 | ||||||
     Short-term borrowings | 316,225 | 316,225 | 316,225 | — | — | |||||||||||
     Long-term debt | 15,800 | 12,642 | — | — | 12,642 | |||||||||||
     Accrued interest payable | 217 | 217 | 217 | — | — | |||||||||||
Off-balance sheet instruments: | ||||||||||||||||
     Standby letters of credit | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||
     Commitments to extend credit | — | — | — | — | — | |||||||||||
Fair Value Measurements at December 31, 2012 | ||||||||||||||||
Quoted Prices in | Significant Other | Significant | ||||||||||||||
Active Markets for | Observable Inputs | Unobservable | ||||||||||||||
Identical Assets | Inputs | |||||||||||||||
(in thousands) | Carrying | Fair | (Level 1) | (Level 2) | (Level 3) | |||||||||||
Amount | Value | |||||||||||||||
Financial assets: | ||||||||||||||||
     Cash and cash equivalents | $ | 56,582 | $ | 56,582 | $ | 56,582 | $ | — | $ | — | ||||||
     Securities | 944,892 | 948,780 | — | 948,780 | — | |||||||||||
     Loans, held for sale | 15,183 | 15,415 | — | — | 15,415 | |||||||||||
     Loans receivable, net | 1,503,515 | 1,516,839 | — | — | 1,516,839 | |||||||||||
     Restricted investments in bank stock | 15,450 | 15,450 | — | — | 15,450 | |||||||||||
     Accrued interest receivable | 7,206 | 7,206 | 7,206 | — | — | |||||||||||
Financial liabilities: | ||||||||||||||||
     Deposits | $ | 2,231,291 | $ | 2,232,789 | $ | — | $ | — | $ | 2,232,789 | ||||||
     Short-term borrowings | 113,225 | 113,225 | 113,225 | — | — | |||||||||||
     Long-term debt | 40,800 | 35,629 | — | — | 35,629 | |||||||||||
     Accrued interest payable | 308 | 308 | 308 | — | — | |||||||||||
Off-balance sheet instruments: | ||||||||||||||||
     Standby letters of credit | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||
     Commitments to extend credit | — | — | — | — | — | |||||||||||
Stockbased_Compensation_Detail
Stock-based Compensation (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2013 | Mar. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Stock-based compensation | ' | ' | $807 | $752 |
Reversal of stock-based compensation, actual forfeitures | $135 | $230 | ' | ' |
Stock Options [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Fair value assumptions, risk free interest rate | ' | ' | 1.40% | 1.70% |
Fair value assumptions, weighted average volatility rate | ' | ' | 41.00% | 48.00% |
Stock options, expected forfeiture rate | ' | ' | 11.20% | 9.04% |
Fair value assumptions, weighted average expected lives | ' | ' | '7 years 6 months | '7 years 6 months |
Options granted in period, weighted average grant date fair value | ' | ' | $7.55 | $5.99 |
Stock options granted | ' | ' | 126,571 | ' |
Minimum [Member] | Stock Options [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Exercise price for stock options granted | ' | ' | $16.53 | ' |
Maximum [Member] | Stock Options [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Exercise price for stock options granted | ' | ' | $21.01 | ' |
Securities_Amortized_cost_and_
Securities (Amortized cost and fair value of securities) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Available-for-sale Securities | ' | ' |
Available-for-sale securities, amortized cost basis | $628,527 | $664,139 |
Securities available for sale, gross unrealized gains | 2,746 | 11,967 |
Securities available for sale, gross unrealized losses | -19,122 | -997 |
Available-for-sale securities, fair value | 612,151 | 675,109 |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 277,224 | 269,783 |
Securities held to maturity, gross unrealized gains | 1,538 | 4,251 |
Securities held to maturity, gross unrealized losses | -15,786 | -363 |
Securities held to maturity, fair value | 262,976 | 273,671 |
U.S. Government agency securities [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 149,093 | 178,926 |
Securities held to maturity, gross unrealized gains | 0 | 700 |
Securities held to maturity, gross unrealized losses | -13,108 | -363 |
Securities held to maturity, fair value | 135,985 | 179,263 |
Residential mortgage-backed securities [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 16,793 | 23,827 |
Securities held to maturity, gross unrealized gains | 1,055 | 1,889 |
Securities held to maturity, gross unrealized losses | 0 | 0 |
Securities held to maturity, fair value | 17,848 | 25,716 |
Agency CMOs [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 103,361 | 49,051 |
Securities held to maturity, gross unrealized gains | 385 | 1,587 |
Securities held to maturity, gross unrealized losses | -2,526 | 0 |
Securities held to maturity, fair value | 101,220 | 50,638 |
Corporate debt securities [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 5,000 | 15,000 |
Securities held to maturity, gross unrealized gains | 94 | 13 |
Securities held to maturity, gross unrealized losses | 0 | 0 |
Securities held to maturity, fair value | 5,094 | 15,013 |
Municipal securities [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 2,977 | 2,979 |
Securities held to maturity, gross unrealized gains | 4 | 62 |
Securities held to maturity, gross unrealized losses | -152 | 0 |
Securities held to maturity, fair value | 2,829 | 3,041 |
U.S. Government agency securities [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Available-for-sale securities, amortized cost basis | 33,995 | 33,994 |
Securities available for sale, gross unrealized gains | 0 | 19 |
Securities available for sale, gross unrealized losses | -3,623 | -252 |
Available-for-sale securities, fair value | 30,372 | 33,761 |
Residential mortgage-backed securities [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Available-for-sale securities, amortized cost basis | 67,323 | 55,614 |
Securities available for sale, gross unrealized gains | 12 | 1,596 |
Securities available for sale, gross unrealized losses | -2,274 | 0 |
Available-for-sale securities, fair value | 65,061 | 57,210 |
Agency CMOs [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Available-for-sale securities, amortized cost basis | 500,312 | 547,641 |
Securities available for sale, gross unrealized gains | 2,734 | 9,971 |
Securities available for sale, gross unrealized losses | -12,014 | -745 |
Available-for-sale securities, fair value | 491,032 | 556,867 |
Municipal securities [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Available-for-sale securities, amortized cost basis | 26,897 | 26,890 |
Securities available for sale, gross unrealized gains | 0 | 381 |
Securities available for sale, gross unrealized losses | -1,211 | 0 |
Available-for-sale securities, fair value | $25,686 | $27,271 |
Securities_Amortized_cost_and_1
Securities (Amortized cost and fair value of debt securities by contractrual maturity) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Available-for-sale Securities | ' | ' |
Securities available for sale, amortized cost | $628,527 | $664,139 |
Available-for-sale securities, fair value | 612,151 | 675,109 |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 277,224 | 269,783 |
Securities held to maturity, fair value | 262,976 | 273,671 |
Debt Securities [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Due in one year or less, amortized cost | 0 | ' |
Due after one year through five years, amortized cost | 5,000 | ' |
Due after five years through ten years, amortized cost | 70,000 | ' |
Due after ten years, amortized cost | 82,070 | ' |
Securities held to maturity, amortized cost | 157,070 | ' |
Due in one year or less, fair value | 0 | ' |
Due after one year through five years, fair value | 5,094 | ' |
Due after five years through ten years, fair value | 63,648 | ' |
Due after ten years, amortized cost | 75,166 | ' |
Securities held to maturity, fair value | 143,908 | ' |
Residential mortgage-backed securities [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 16,793 | 23,827 |
Securities held to maturity, fair value | 17,848 | 25,716 |
Agency CMOs [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 103,361 | 49,051 |
Securities held to maturity, fair value | 101,220 | 50,638 |
Debt Securities [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Due in one year or less, amortized cost | 0 | ' |
Due after one year through five years, amortized cost | 0 | ' |
Due after five years through ten years, amortized cost | 47,482 | ' |
Due after ten years, amortized cost | 13,410 | ' |
Securities available for sale, amortized cost | 60,892 | ' |
Due in one year or less, fair value | 0 | ' |
Due after one year through five years, fair value | 0 | ' |
Due after five years through ten years, fair value | 43,453 | ' |
Due after ten years, fair value | 12,605 | ' |
Available-for-sale securities, fair value | 56,058 | ' |
Residential mortgage-backed securities [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Securities available for sale, amortized cost | 67,323 | 55,614 |
Available-for-sale securities, fair value | 65,061 | 57,210 |
Agency CMOs [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Securities available for sale, amortized cost | 500,312 | 547,641 |
Available-for-sale securities, fair value | $491,032 | $556,867 |
Securities_Gains_Losses_on_the
Securities (Gains (Losses) on the sales of debt securities and credit losses for OTTI of investments) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Gain (Loss) on Investments [Line Items] | ' | ' | ' | ' |
Gross Realized (Losses) | ' | ($37,000) | ' | ' |
Net Gains (Losses) | ' | ' | -358,000 | 627,000 |
Debt Securities [Member] | ' | ' | ' | ' |
Gain (Loss) on Investments [Line Items] | ' | ' | ' | ' |
Gross Realized Gains | 0 | 5,000 | 1,183,000 | 2,500,000 |
Gross Realized (Losses) | 0 | -42,000 | -1,162,000 | -1,541,000 |
OTTI Credit Losses | 0 | 0 | 0 | -649,000 |
Net Gains (Losses) | $0 | ($37,000) | $21,000 | $310,000 |
Securities_Fair_value_and_gros
Securities (Fair value and gross unrealized losses) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Available-for-sale Securities | ' | ' |
Less than 12 months, fair value | $394,645 | $78,022 |
Less than 12 months, unrealized (losses) | -19,122 | -997 |
12 months or more, fair value | 0 | 0 |
12 months or more, unrealized (losses) | 0 | 0 |
Total, fair value | 394,645 | 78,022 |
Total, unrealized (losses) | -19,122 | -997 |
Held-to-maturity Securities | ' | ' |
Less than 12 months, fair value | 216,975 | 57,572 |
Less than 12 months, unrealized (losses) | -15,786 | -363 |
12 months or more, fair value | 0 | 0 |
12 months or more, unrealized (losses) | 0 | 0 |
Total, fair value | 216,975 | 57,572 |
Total, unrealized (losses) | -15,786 | -363 |
U.S. Government agency securities [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Less than 12 months, fair value | 135,985 | 57,572 |
Less than 12 months, unrealized (losses) | -13,108 | -363 |
12 months or more, fair value | 0 | 0 |
12 months or more, unrealized (losses) | 0 | 0 |
Total, fair value | 135,985 | 57,572 |
Total, unrealized (losses) | -13,108 | -363 |
Agency CMOs [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Less than 12 months, fair value | 79,267 | ' |
Less than 12 months, unrealized (losses) | -2,526 | ' |
12 months or more, fair value | 0 | ' |
12 months or more, unrealized (losses) | 0 | ' |
Total, fair value | 79,267 | ' |
Total, unrealized (losses) | -2,526 | ' |
Municipal securities [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Less than 12 months, fair value | 1,723 | ' |
Less than 12 months, unrealized (losses) | -152 | ' |
12 months or more, fair value | 0 | ' |
12 months or more, unrealized (losses) | 0 | ' |
Total, fair value | 1,723 | ' |
Total, unrealized (losses) | -152 | ' |
U.S. Government agency securities [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Less than 12 months, fair value | 30,372 | 24,748 |
Less than 12 months, unrealized (losses) | -3,623 | -252 |
12 months or more, fair value | 0 | 0 |
12 months or more, unrealized (losses) | 0 | 0 |
Total, fair value | 30,372 | 24,748 |
Total, unrealized (losses) | -3,623 | -252 |
Residential mortgage-backed securities [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Less than 12 months, fair value | 61,773 | ' |
Less than 12 months, unrealized (losses) | -2,274 | ' |
12 months or more, fair value | 0 | ' |
12 months or more, unrealized (losses) | 0 | ' |
Total, fair value | 61,773 | ' |
Total, unrealized (losses) | -2,274 | ' |
Agency CMOs [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Less than 12 months, fair value | 276,814 | 53,274 |
Less than 12 months, unrealized (losses) | -12,014 | -745 |
12 months or more, fair value | 0 | 0 |
12 months or more, unrealized (losses) | 0 | 0 |
Total, fair value | 276,814 | 53,274 |
Total, unrealized (losses) | -12,014 | -745 |
Municipal securities [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Less than 12 months, fair value | 25,686 | ' |
Less than 12 months, unrealized (losses) | -1,211 | ' |
12 months or more, fair value | 0 | ' |
12 months or more, unrealized (losses) | 0 | ' |
Total, fair value | 25,686 | ' |
Total, unrealized (losses) | ($1,211) | ' |
Securities_Cumulative_life_cre
Securities (Cumulative life credit losses recognized in earnings) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items] | ' | ' | ' | ' |
Available-for-sale Securities, Gross Realized Gain (Loss) | ' | ' | ($358) | $627 |
Debt Securities [Member] | ' | ' | ' | ' |
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items] | ' | ' | ' | ' |
Available-for-sale Securities, Gross Realized Gain (Loss) | 0 | -37 | 21 | 310 |
Private-label CMOs [Member] | ' | ' | ' | ' |
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward] | ' | ' | ' | ' |
Cumulative OTTI credit losses, beginning balance | 0 | 252 | 0 | 2,949 |
Additional increases for OTTI previously recognized when there is no intent to sell and no requirement to sell before recovery of amortized cost basis | 0 | 0 | 0 | 649 |
Reduction due to credit impaired securities sold | 0 | -112 | 0 | -3,458 |
Cumulative OTTI credit losses recognized for securities still held, ending balance | $0 | $140 | $0 | $140 |
Securities_Narrative_Details
Securities (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
security | ||||
security_type | ||||
transfer | ||||
Investment Securities [Line Items] | ' | ' | ' | ' |
Number of securities sold | ' | ' | 21 | ' |
Proceeds from sale of securities | ' | ' | $89,900,000 | ' |
Available-for-sale Securities, Gross Realized Losses | ' | 37,000 | ' | ' |
Proceeds from sale of available-for-sale securities | ' | 3,200,000 | 76,262,000 | 252,563,000 |
Held to maturity securities, ratio of remaining par value to original purchases par value | ' | ' | ' | 15.00% |
Investment securities, value called by issuing agency | ' | ' | ' | 160,300,000 |
Net security gains realized | 0 | -37,000 | 21,000 | 959,000 |
Number of securities, type | ' | ' | 2 | ' |
Transfers of securities between AFS and HTM portfolios, number | ' | ' | 0 | ' |
Securities pledged to secure public deposits and other | 709,300,000 | ' | 709,300,000 | ' |
Held-to-maturity Securities [Member] | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' |
Number of securities sold | ' | ' | 5 | ' |
Mortgage Backed Securities, Other [Member] | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' |
Number of securities sold | ' | ' | ' | 4 |
Number of securities, type | ' | ' | 9 | ' |
Collateralized mortgage obligations [Member] | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' |
Proceeds from sale of available-for-sale securities | ' | ' | ' | 257,400,000 |
Number of securities, type | ' | ' | 30 | ' |
Agency CMOs [Member] | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' |
Number of securities sold | ' | ' | ' | 27 |
Government Agency Debentures [Member] | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' |
Number of securities, type | ' | ' | 11 | ' |
Private-Label Collateralized Mortgage Obligations [Member] | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' |
Number of securities sold | ' | 2 | ' | 7 |
Bonds [Member] | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' |
Number of securities sold | ' | ' | ' | 5 |
Bonds [Member] | Held-to-maturity Securities [Member] | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' |
Number of securities sold | ' | ' | 1 | ' |
Agency Debentures [Member] | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' |
Investment securities, value called by issuing agency | ' | 25,000,000 | 50,000,000 | ' |
Number of securities, type | ' | ' | ' | 11 |
Number of securities called | 0 | ' | ' | ' |
Corporate debt securities [Member] | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' |
Investment securities, value called by issuing agency | ' | $5,000,000 | ' | ' |
Number of securities called | ' | ' | ' | 1 |
Amortizing Securities, Returned At Least 85% of Principal [Member] | Held-to-maturity Securities [Member] | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' |
Number of securities sold | ' | ' | 4 | ' |
Investment securities, return on principal, percentage (at least) | ' | ' | 85.00% | ' |
Municipal Bonds [Member] | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' |
Number of securities, type | ' | ' | 26 | ' |
Loans_Receivable_and_Allowance2
Loans Receivable and Allowance for Loan Losses (Summary of Loans Receivable) (Details) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Qualifying loans pledged as FHLB collateral | $599,200,000 | ' | ' | ' | ' | ' |
Bank loans receivable, Gross | 1,702,676,000 | ' | 1,528,797,000 | ' | ' | ' |
Bank loans receivable, Allowance for loan losses | 27,425,000 | 28,038,000 | 25,282,000 | 25,596,000 | 26,158,000 | 21,620,000 |
Bank loans receivable, Net | 1,675,251,000 | ' | 1,503,515,000 | ' | ' | ' |
Commercial and industrial [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Bank loans receivable, Gross | 435,508,000 | ' | 376,988,000 | ' | ' | ' |
Bank loans receivable, Allowance for loan losses | 9,263,000 | 10,549,000 | 9,959,000 | 10,501,000 | 10,575,000 | 8,400,000 |
Commercial tax-exempt [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Bank loans receivable, Gross | 82,507,000 | ' | 92,202,000 | ' | ' | ' |
Bank loans receivable, Allowance for loan losses | 75,000 | 74,000 | 83,000 | 80,000 | 74,000 | 79,000 |
Owner occupied real estate [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Bank loans receivable, Gross | 300,555,000 | ' | 268,372,000 | ' | ' | ' |
Bank loans receivable, Allowance for loan losses | 2,177,000 | 2,207,000 | 2,129,000 | 2,411,000 | 2,117,000 | 729,000 |
Commercial construction and land development [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Bank loans receivable, Gross | 124,376,000 | ' | 100,399,000 | ' | ' | ' |
Bank loans receivable, Allowance for loan losses | 7,489,000 | 7,810,000 | 7,222,000 | 7,594,000 | 8,917,000 | 7,840,000 |
Commercial real estate [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Bank loans receivable, Gross | 450,611,000 | ' | 394,404,000 | ' | ' | ' |
Bank loans receivable, Allowance for loan losses | 5,751,000 | 5,059,000 | 3,983,000 | 3,223,000 | 3,139,000 | 3,241,000 |
Residential [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Bank loans receivable, Gross | 94,227,000 | ' | 83,899,000 | ' | ' | ' |
Bank loans receivable, Allowance for loan losses | 879,000 | 863,000 | 324,000 | 344,000 | 438,000 | 435,000 |
Consumer [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Bank loans receivable, Gross | 214,892,000 | ' | 212,533,000 | ' | ' | ' |
Bank loans receivable, Allowance for loan losses | $1,316,000 | $1,258,000 | $793,000 | $789,000 | $797,000 | $831,000 |
Loans_Receivable_and_Allowance3
Loans Receivable and Allowance for Loan Losses (Summary of Nonaccrual Loans, by Type) (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Nonaccrual_Loans | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Period used to determine when a loan receivable is moved to nonaccrual status | '90 days | ' |
Nonaccrual loans | $43,375 | $32,416 |
Loans receivable, equal to greater than 90 days past due | 19,390 | 14,966 |
Number of loans placed on nonaccrual status | 1 | ' |
Nonaccrual loans, unused commitment | 132 | ' |
Commercial and industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans | 9,967 | 11,289 |
Loans receivable, equal to greater than 90 days past due | 4,934 | 3,867 |
Commercial tax-exempt [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans | 0 | 0 |
Loans receivable, equal to greater than 90 days past due | 0 | 0 |
Owner occupied real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans | 4,924 | 3,119 |
Loans receivable, equal to greater than 90 days past due | 3,403 | 1,592 |
Commercial construction and land development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans | 11,723 | 6,300 |
Loans receivable, equal to greater than 90 days past due | 8,074 | 2,580 |
Commercial real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans | 6,904 | 5,659 |
Loans receivable, equal to greater than 90 days past due | 578 | 3,659 |
Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans | 7,316 | 3,203 |
Loans receivable, equal to greater than 90 days past due | 1,540 | 1,757 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans | 2,541 | 2,846 |
Loans receivable, equal to greater than 90 days past due | $861 | $1,511 |
Loans_Receivable_and_Allowance4
Loans Receivable and Allowance for Loan Losses (Age Analysis of Past Due Loan Receivables) (Details) (USD $) | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Current | $1,661,929 | ' | $1,487,781 |
30-59 Days Past Due | 11,526 | ' | 16,383 |
60-89 Days Past Due | 9,831 | ' | 9,667 |
90 Days Past Due and Greater | 19,390 | ' | 14,966 |
Total Past Due | 40,747 | ' | 41,016 |
Total loans receivable | 1,702,676 | ' | 1,528,797 |
Recorded Investment in Loans 90 Days and Greater and Still Accruing | 119 | ' | 220 |
Transfer of loans to foreclosed assets | 2,732 | 1,989 | ' |
Commercial and industrial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Current | 427,524 | ' | 368,769 |
30-59 Days Past Due | 2,105 | ' | 1,096 |
60-89 Days Past Due | 945 | ' | 3,256 |
90 Days Past Due and Greater | 4,934 | ' | 3,867 |
Total Past Due | 7,984 | ' | 8,219 |
Total loans receivable | 435,508 | ' | 376,988 |
Recorded Investment in Loans 90 Days and Greater and Still Accruing | 0 | ' | 30 |
Commercial tax-exempt [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Current | 82,507 | ' | 92,202 |
30-59 Days Past Due | 0 | ' | 0 |
60-89 Days Past Due | 0 | ' | 0 |
90 Days Past Due and Greater | 0 | ' | 0 |
Total Past Due | 0 | ' | 0 |
Total loans receivable | 82,507 | ' | 92,202 |
Recorded Investment in Loans 90 Days and Greater and Still Accruing | 0 | ' | 0 |
Owner occupied real estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Current | 293,443 | ' | 265,817 |
30-59 Days Past Due | 2,870 | ' | 610 |
60-89 Days Past Due | 839 | ' | 353 |
90 Days Past Due and Greater | 3,403 | ' | 1,592 |
Total Past Due | 7,112 | ' | 2,555 |
Total loans receivable | 300,555 | ' | 268,372 |
Recorded Investment in Loans 90 Days and Greater and Still Accruing | 0 | ' | 0 |
Commercial construction and land development [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Current | 116,133 | ' | 89,250 |
30-59 Days Past Due | 169 | ' | 4,251 |
60-89 Days Past Due | 0 | ' | 4,318 |
90 Days Past Due and Greater | 8,074 | ' | 2,580 |
Total Past Due | 8,243 | ' | 11,149 |
Total loans receivable | 124,376 | ' | 100,399 |
Recorded Investment in Loans 90 Days and Greater and Still Accruing | 0 | ' | 188 |
Commercial real estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Current | 439,855 | ' | 386,821 |
30-59 Days Past Due | 3,937 | ' | 3,846 |
60-89 Days Past Due | 6,241 | ' | 78 |
90 Days Past Due and Greater | 578 | ' | 3,659 |
Total Past Due | 10,756 | ' | 7,583 |
Total loans receivable | 450,611 | ' | 394,404 |
Recorded Investment in Loans 90 Days and Greater and Still Accruing | 0 | ' | 0 |
Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Current | 90,874 | ' | 76,587 |
30-59 Days Past Due | 570 | ' | 4,303 |
60-89 Days Past Due | 1,243 | ' | 1,252 |
90 Days Past Due and Greater | 1,540 | ' | 1,757 |
Total Past Due | 3,353 | ' | 7,312 |
Total loans receivable | 94,227 | ' | 83,899 |
Recorded Investment in Loans 90 Days and Greater and Still Accruing | 119 | ' | 0 |
Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Current | 211,593 | ' | 208,335 |
30-59 Days Past Due | 1,875 | ' | 2,277 |
60-89 Days Past Due | 563 | ' | 410 |
90 Days Past Due and Greater | 861 | ' | 1,511 |
Total Past Due | 3,299 | ' | 4,198 |
Total loans receivable | 214,892 | ' | 212,533 |
Recorded Investment in Loans 90 Days and Greater and Still Accruing | 0 | ' | 2 |
Improvement to Current Status [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Current | 13,200 | ' | ' |
Paid Off During the Quarter [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Current | 3,500 | ' | ' |
Current at Previous Fiscal Year End [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
30-59 Days Past Due | 10,800 | ' | ' |
60-89 Days Past Due | 7,700 | ' | ' |
90 Days Past Due and Greater | 4,200 | ' | ' |
Total Past Due | 22,700 | ' | ' |
Charged Off [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Write-off of financing receivable | 3,200 | ' | ' |
Transition to Foreclosed Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Transfer of loans to foreclosed assets | $2,700 | ' | ' |
Loans_Receivable_and_Allowance5
Loans Receivable and Allowance for Loan Losses (Summary of Loans, Allowances and Impairment Balances, by Class and Impairment Method) (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Allowance for loan losses: | ' | ' |
Individually evaluated for impairment | $10,868 | $7,120 |
Collectively evaluated for impairment | 16,557 | 18,162 |
Total allowance for loan losses | 27,425 | 25,282 |
Loans receivable: | ' | ' |
Loans evaluated individually | 59,726 | 56,641 |
Loans evaluated collectively | 1,642,950 | 1,472,156 |
Total loans receivable | 1,702,676 | 1,528,797 |
Period used to analyze future loan losses | '2 years | ' |
Commercial and industrial [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Individually evaluated for impairment | 1,790 | 2,399 |
Collectively evaluated for impairment | 7,473 | 7,560 |
Total allowance for loan losses | 9,263 | 9,959 |
Loans receivable: | ' | ' |
Loans evaluated individually | 12,806 | 13,082 |
Loans evaluated collectively | 422,702 | 363,906 |
Total loans receivable | 435,508 | 376,988 |
Commercial tax-exempt [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 75 | 83 |
Total allowance for loan losses | 75 | 83 |
Loans receivable: | ' | ' |
Loans evaluated individually | 0 | 0 |
Loans evaluated collectively | 82,507 | 92,202 |
Total loans receivable | 82,507 | 92,202 |
Owner occupied real estate [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Individually evaluated for impairment | 1,390 | 1,451 |
Collectively evaluated for impairment | 787 | 678 |
Total allowance for loan losses | 2,177 | 2,129 |
Loans receivable: | ' | ' |
Loans evaluated individually | 5,185 | 3,380 |
Loans evaluated collectively | 295,370 | 264,992 |
Total loans receivable | 300,555 | 268,372 |
Commercial construction and land development [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Individually evaluated for impairment | 4,050 | 2,470 |
Collectively evaluated for impairment | 3,439 | 4,752 |
Total allowance for loan losses | 7,489 | 7,222 |
Loans receivable: | ' | ' |
Loans evaluated individually | 14,946 | 15,549 |
Loans evaluated collectively | 109,430 | 84,850 |
Total loans receivable | 124,376 | 100,399 |
Commercial real estate [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Individually evaluated for impairment | 2,638 | 800 |
Collectively evaluated for impairment | 3,113 | 3,183 |
Total allowance for loan losses | 5,751 | 3,983 |
Loans receivable: | ' | ' |
Loans evaluated individually | 15,307 | 17,136 |
Loans evaluated collectively | 435,304 | 377,268 |
Total loans receivable | 450,611 | 394,404 |
Residential [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Individually evaluated for impairment | 523 | 0 |
Collectively evaluated for impairment | 356 | 324 |
Total allowance for loan losses | 879 | 324 |
Loans receivable: | ' | ' |
Loans evaluated individually | 8,187 | 4,163 |
Loans evaluated collectively | 86,040 | 79,736 |
Total loans receivable | 94,227 | 83,899 |
Consumer [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Individually evaluated for impairment | 477 | 0 |
Collectively evaluated for impairment | 839 | 793 |
Total allowance for loan losses | 1,316 | 793 |
Loans receivable: | ' | ' |
Loans evaluated individually | 3,295 | 3,331 |
Loans evaluated collectively | 211,597 | 209,202 |
Total loans receivable | 214,892 | 212,533 |
Unallocated [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 475 | 789 |
Total allowance for loan losses | 475 | 789 |
Loans receivable: | ' | ' |
Loans evaluated individually | 0 | 0 |
Loans evaluated collectively | 0 | 0 |
Total loans receivable | $0 | $0 |
Loans_Receivable_and_Allowance6
Loans Receivable and Allowance for Loan Losses (Summary of Allowances on Loans Receivable, by Class) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses, beginning | $28,038 | $26,158 | $25,282 | $21,620 |
Provision charged to operating expenses | 1,200 | 2,500 | 5,300 | 7,950 |
Recoveries of loans previously charged-off | 610 | 157 | 1,504 | 891 |
Loans charged-off | -2,423 | -3,219 | 4,661 | -4,865 |
Allowance for loan losses, ending | 27,425 | 25,596 | 27,425 | 25,596 |
Commercial and industrial [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses, beginning | 10,549 | 10,575 | 9,959 | 8,400 |
Provision charged to operating expenses | -437 | 398 | 1,085 | 2,832 |
Recoveries of loans previously charged-off | 613 | 15 | 945 | 216 |
Loans charged-off | -1,462 | -487 | -2,726 | -947 |
Allowance for loan losses, ending | 9,263 | 10,501 | 9,263 | 10,501 |
Commercial tax-exempt [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses, beginning | 74 | 74 | 83 | 79 |
Provision charged to operating expenses | 1 | 6 | -8 | 1 |
Recoveries of loans previously charged-off | 0 | 0 | 0 | 0 |
Loans charged-off | 0 | 0 | 0 | 0 |
Allowance for loan losses, ending | 75 | 80 | 75 | 80 |
Owner occupied real estate [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses, beginning | 2,207 | 2,117 | 2,129 | 729 |
Provision charged to operating expenses | 4 | 294 | 315 | 1,766 |
Recoveries of loans previously charged-off | 0 | 0 | 3 | 8 |
Loans charged-off | -34 | 0 | -270 | -92 |
Allowance for loan losses, ending | 2,177 | 2,411 | 2,177 | 2,411 |
Commercial construction and land development [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses, beginning | 7,810 | 8,917 | 7,222 | 7,840 |
Provision charged to operating expenses | -33 | -762 | 82 | 464 |
Recoveries of loans previously charged-off | -21 | 64 | 477 | 513 |
Loans charged-off | -267 | -625 | -292 | -1,223 |
Allowance for loan losses, ending | 7,489 | 7,594 | 7,489 | 7,594 |
Commercial real estate [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses, beginning | 5,059 | 3,139 | 3,983 | 3,241 |
Provision charged to operating expenses | 801 | 1,609 | 2,100 | 1,749 |
Recoveries of loans previously charged-off | 0 | 55 | 0 | 85 |
Loans charged-off | -109 | -1,580 | -332 | -1,852 |
Allowance for loan losses, ending | 5,751 | 3,223 | 5,751 | 3,223 |
Residential [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses, beginning | 863 | 438 | 324 | 435 |
Provision charged to operating expenses | 45 | 101 | 711 | 168 |
Recoveries of loans previously charged-off | 7 | 3 | 10 | 4 |
Loans charged-off | -36 | -198 | -166 | -263 |
Allowance for loan losses, ending | 879 | 344 | 879 | 344 |
Consumer [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses, beginning | 1,258 | 797 | 793 | 831 |
Provision charged to operating expenses | 562 | 301 | 1,329 | 381 |
Recoveries of loans previously charged-off | 11 | 20 | 69 | 65 |
Loans charged-off | -515 | -329 | -875 | -488 |
Allowance for loan losses, ending | 1,316 | 789 | 1,316 | 789 |
Unallocated [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses, beginning | 218 | 101 | 789 | 65 |
Provision charged to operating expenses | 257 | 553 | -314 | 589 |
Recoveries of loans previously charged-off | 0 | 0 | 0 | 0 |
Loans charged-off | 0 | 0 | 0 | 0 |
Allowance for loan losses, ending | $475 | $654 | $475 | $654 |
Loans_Receivable_and_Allowance7
Loans Receivable and Allowance for Loan Losses (Schedule of Impaired Loan Receivables) (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Loans With No Related Allowance: | ' | ' |
Recorded Investment | $35,082 | $37,530 |
Unpaid Principal Balance | 41,314 | 45,136 |
Loans With An Allowance Recorded: | ' | ' |
Recorded Investment | 24,644 | 19,111 |
Unpaid Principal Balance | 24,644 | 19,982 |
Total Impaired Loans: | ' | ' |
Recorded Investment | 59,726 | 56,641 |
Unpaid Principal Balance | 65,958 | 65,118 |
Related Allowance | 10,868 | 7,120 |
Proceeds from Collections of Impaired Financing Receivable | 2,400 | ' |
Commercial and industrial [Member] | ' | ' |
Loans With No Related Allowance: | ' | ' |
Recorded Investment | 9,577 | 7,426 |
Unpaid Principal Balance | 14,109 | 11,746 |
Loans With An Allowance Recorded: | ' | ' |
Recorded Investment | 3,229 | 5,656 |
Unpaid Principal Balance | 3,229 | 6,526 |
Total Impaired Loans: | ' | ' |
Recorded Investment | 12,806 | 13,082 |
Unpaid Principal Balance | 17,338 | 18,272 |
Related Allowance | 1,790 | 2,399 |
Commercial tax-exempt [Member] | ' | ' |
Loans With No Related Allowance: | ' | ' |
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Total Impaired Loans: | ' | ' |
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Related Allowance | 0 | 0 |
Owner occupied real estate [Member] | ' | ' |
Loans With No Related Allowance: | ' | ' |
Recorded Investment | 3,795 | 1,929 |
Unpaid Principal Balance | 4,351 | 2,301 |
Loans With An Allowance Recorded: | ' | ' |
Recorded Investment | 1,390 | 1,451 |
Unpaid Principal Balance | 1,390 | 1,451 |
Total Impaired Loans: | ' | ' |
Recorded Investment | 5,185 | 3,380 |
Unpaid Principal Balance | 5,741 | 3,752 |
Related Allowance | 1,390 | 1,451 |
Commercial construction and land development [Member] | ' | ' |
Loans With No Related Allowance: | ' | ' |
Recorded Investment | 5,574 | 7,716 |
Unpaid Principal Balance | 5,987 | 8,500 |
Loans With An Allowance Recorded: | ' | ' |
Recorded Investment | 9,372 | 7,833 |
Unpaid Principal Balance | 9,372 | 7,833 |
Total Impaired Loans: | ' | ' |
Recorded Investment | 14,946 | 15,549 |
Unpaid Principal Balance | 15,359 | 16,333 |
Related Allowance | 4,050 | 2,470 |
Commercial real estate [Member] | ' | ' |
Loans With No Related Allowance: | ' | ' |
Recorded Investment | 8,220 | 12,965 |
Unpaid Principal Balance | 8,301 | 14,619 |
Loans With An Allowance Recorded: | ' | ' |
Recorded Investment | 7,087 | 4,171 |
Unpaid Principal Balance | 7,087 | 4,172 |
Total Impaired Loans: | ' | ' |
Recorded Investment | 15,307 | 17,136 |
Unpaid Principal Balance | 15,388 | 18,791 |
Related Allowance | 2,638 | 800 |
Residential [Member] | ' | ' |
Loans With No Related Allowance: | ' | ' |
Recorded Investment | 5,098 | 4,163 |
Unpaid Principal Balance | 5,471 | 4,423 |
Loans With An Allowance Recorded: | ' | ' |
Recorded Investment | 3,089 | 0 |
Unpaid Principal Balance | 3,089 | 0 |
Total Impaired Loans: | ' | ' |
Recorded Investment | 8,187 | 4,163 |
Unpaid Principal Balance | 8,560 | 4,423 |
Related Allowance | 523 | 0 |
Consumer [Member] | ' | ' |
Loans With No Related Allowance: | ' | ' |
Recorded Investment | 2,818 | 3,331 |
Unpaid Principal Balance | 3,095 | 3,547 |
Loans With An Allowance Recorded: | ' | ' |
Recorded Investment | 477 | 0 |
Unpaid Principal Balance | 477 | 0 |
Total Impaired Loans: | ' | ' |
Recorded Investment | 3,295 | 3,331 |
Unpaid Principal Balance | 3,572 | 3,547 |
Related Allowance | 477 | 0 |
No Transition From Prior Year [Member] | ' | ' |
Loans With No Related Allowance: | ' | ' |
Recorded Investment | 25,800 | ' |
Loans With An Allowance Recorded: | ' | ' |
Recorded Investment | 16,400 | ' |
Downgraded as Impaired During the Period [Member] | ' | ' |
Loans With An Allowance Recorded: | ' | ' |
Recorded Investment | 3,800 | ' |
Total Impaired Loans: | ' | ' |
Recorded Investment | 13,200 | ' |
Charged Off [Member] | ' | ' |
Total Impaired Loans: | ' | ' |
Proceeds from Collections of Impaired Financing Receivable | 2,800 | ' |
Transferred to Foreclosed Real Estate [Member] | ' | ' |
Total Impaired Loans: | ' | ' |
Proceeds from Collections of Impaired Financing Receivable | $2,700 | ' |
Loans_Receivable_and_Allowance8
Loans Receivable and Allowance for Loan Losses (Schedule of Impaired Loan Receivables, Average) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Loans With No Related Allowance: | ' | ' | ' | ' |
Average Recorded Investment | $38,449 | $43,122 | $39,238 | $45,121 |
Interest Income Recognized | 215 | 339 | 685 | 921 |
Loans With An Allowance Recorded: | ' | ' | ' | ' |
Average Recorded Investment | 23,532 | 21,666 | 20,697 | 18,697 |
Interest Income Recognized | 0 | 0 | 0 | 0 |
Total Impaired Loans: | ' | ' | ' | ' |
Average Recorded Investment | 61,981 | 64,788 | 59,935 | 63,818 |
Interest Income Recognized | 215 | 339 | 685 | 921 |
Commercial and industrial [Member] | ' | ' | ' | ' |
Loans With No Related Allowance: | ' | ' | ' | ' |
Average Recorded Investment | 9,501 | 11,921 | 9,320 | 12,042 |
Interest Income Recognized | 47 | 48 | 121 | 140 |
Loans With An Allowance Recorded: | ' | ' | ' | ' |
Average Recorded Investment | 4,587 | 8,106 | 5,030 | 4,709 |
Interest Income Recognized | 0 | 0 | 0 | 0 |
Total Impaired Loans: | ' | ' | ' | ' |
Average Recorded Investment | 14,088 | 20,027 | 14,350 | 16,751 |
Interest Income Recognized | 47 | 48 | 121 | 140 |
Commercial tax-exempt [Member] | ' | ' | ' | ' |
Loans With No Related Allowance: | ' | ' | ' | ' |
Average Recorded Investment | 0 | 0 | 0 | 0 |
Interest Income Recognized | 0 | 0 | 0 | 0 |
Total Impaired Loans: | ' | ' | ' | ' |
Average Recorded Investment | 0 | 0 | 0 | 0 |
Interest Income Recognized | 0 | 0 | 0 | 0 |
Owner occupied real estate [Member] | ' | ' | ' | ' |
Loans With No Related Allowance: | ' | ' | ' | ' |
Average Recorded Investment | 3,808 | 2,379 | 2,841 | 4,465 |
Interest Income Recognized | 0 | 27 | 0 | 150 |
Loans With An Allowance Recorded: | ' | ' | ' | ' |
Average Recorded Investment | 1,399 | 2,036 | 1,418 | 1,436 |
Interest Income Recognized | 0 | 0 | 0 | 0 |
Total Impaired Loans: | ' | ' | ' | ' |
Average Recorded Investment | 5,207 | 4,415 | 4,259 | 5,901 |
Interest Income Recognized | 0 | 27 | 0 | 150 |
Commercial construction and land development [Member] | ' | ' | ' | ' |
Loans With No Related Allowance: | ' | ' | ' | ' |
Average Recorded Investment | 6,366 | 9,682 | 7,399 | 10,668 |
Interest Income Recognized | 43 | 166 | 133 | 417 |
Loans With An Allowance Recorded: | ' | ' | ' | ' |
Average Recorded Investment | 8,848 | 11,524 | 8,168 | 12,552 |
Interest Income Recognized | 0 | 0 | 0 | 0 |
Total Impaired Loans: | ' | ' | ' | ' |
Average Recorded Investment | 15,214 | 21,206 | 15,567 | 23,220 |
Interest Income Recognized | 43 | 166 | 133 | 417 |
Commercial real estate [Member] | ' | ' | ' | ' |
Loans With No Related Allowance: | ' | ' | ' | ' |
Average Recorded Investment | 10,229 | 12,238 | 11,550 | 11,699 |
Interest Income Recognized | 104 | 79 | 360 | 175 |
Loans With An Allowance Recorded: | ' | ' | ' | ' |
Average Recorded Investment | 5,129 | 0 | 4,486 | 0 |
Interest Income Recognized | 0 | 0 | 0 | 0 |
Total Impaired Loans: | ' | ' | ' | ' |
Average Recorded Investment | 15,358 | 12,238 | 16,036 | 11,699 |
Interest Income Recognized | 104 | 79 | 360 | 175 |
Residential [Member] | ' | ' | ' | ' |
Loans With No Related Allowance: | ' | ' | ' | ' |
Average Recorded Investment | 5,355 | 4,270 | 4,942 | 3,946 |
Interest Income Recognized | 13 | 13 | 49 | 31 |
Loans With An Allowance Recorded: | ' | ' | ' | ' |
Average Recorded Investment | 3,091 | 0 | 1,381 | 0 |
Interest Income Recognized | 0 | 0 | 0 | 0 |
Total Impaired Loans: | ' | ' | ' | ' |
Average Recorded Investment | 8,446 | 4,270 | 6,323 | 3,946 |
Interest Income Recognized | 13 | 13 | 49 | 31 |
Consumer [Member] | ' | ' | ' | ' |
Loans With No Related Allowance: | ' | ' | ' | ' |
Average Recorded Investment | 3,190 | 2,632 | 3,186 | 2,301 |
Interest Income Recognized | 8 | 6 | 22 | 8 |
Loans With An Allowance Recorded: | ' | ' | ' | ' |
Average Recorded Investment | 478 | 0 | 214 | 0 |
Interest Income Recognized | 0 | 0 | 0 | 0 |
Total Impaired Loans: | ' | ' | ' | ' |
Average Recorded Investment | 3,668 | 2,632 | 3,400 | 2,301 |
Interest Income Recognized | $8 | $6 | $22 | $8 |
Loans_Receivable_and_Allowance9
Loans Receivable and Allowance for Loan Losses (Credit Quality Indicators for Commercial Loans, by Loan Type) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
loan | loan | |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans classified as doubtful | 0 | 0 |
Credit exposure for commercial loans | $1,393,557 | $1,232,365 |
Commercial and industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 435,508 | 376,988 |
Commercial tax-exempt [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 82,507 | 92,202 |
Owner occupied real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 300,555 | 268,372 |
Commercial construction and land development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 124,376 | 100,399 |
Commercial real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 450,611 | 394,404 |
Pass Rated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 1,305,991 | 1,141,535 |
Pass Rated Loans [Member] | Commercial and industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 393,313 | 335,463 |
Pass Rated Loans [Member] | Commercial tax-exempt [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 82,507 | 92,202 |
Pass Rated Loans [Member] | Owner occupied real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 284,355 | 253,338 |
Pass Rated Loans [Member] | Commercial construction and land development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 108,560 | 81,219 |
Pass Rated Loans [Member] | Commercial real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 437,256 | 379,313 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 14,044 | 15,900 |
Special Mention [Member] | Commercial and industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 9,454 | 6,120 |
Special Mention [Member] | Commercial tax-exempt [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 0 | 0 |
Special Mention [Member] | Owner occupied real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 3,983 | 4,160 |
Special Mention [Member] | Commercial construction and land development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 0 | 5,046 |
Special Mention [Member] | Commercial real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 607 | 574 |
Substandard Accrual [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 40,004 | 48,563 |
Substandard Accrual [Member] | Commercial and industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 22,774 | 24,116 |
Substandard Accrual [Member] | Commercial tax-exempt [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 0 | 0 |
Substandard Accrual [Member] | Owner occupied real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 7,293 | 7,755 |
Substandard Accrual [Member] | Commercial construction and land development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 4,093 | 7,834 |
Substandard Accrual [Member] | Commercial real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 5,844 | 8,858 |
Substandard Nonaccrual [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 33,518 | 26,367 |
Substandard Nonaccrual [Member] | Commercial and industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 9,967 | 11,289 |
Substandard Nonaccrual [Member] | Commercial tax-exempt [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 0 | 0 |
Substandard Nonaccrual [Member] | Owner occupied real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 4,924 | 3,119 |
Substandard Nonaccrual [Member] | Commercial construction and land development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 11,723 | 6,300 |
Substandard Nonaccrual [Member] | Commercial real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | $6,904 | $5,659 |
Recovered_Sheet1
Loans Receivable and Allowance for Loan Losses (Consumer Loan Credit Exposures, Performing or Nonperforming) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer loans receivable | $309,119 | $296,432 |
Residential [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer loans receivable | 94,227 | 83,899 |
Consumer [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer loans receivable | 214,892 | 212,533 |
Performing Financing Receivable [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer loans receivable | 299,262 | 290,383 |
Performing Financing Receivable [Member] | Residential [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer loans receivable | 86,911 | 80,696 |
Performing Financing Receivable [Member] | Consumer [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer loans receivable | 212,351 | 209,687 |
Nonperforming Financing Receivable [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer loans receivable | 9,857 | 6,049 |
Nonperforming Financing Receivable [Member] | Residential [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer loans receivable | 7,316 | 3,203 |
Nonperforming Financing Receivable [Member] | Consumer [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer loans receivable | $2,541 | $2,846 |
Recovered_Sheet2
Loans Receivable and Allowance for Loan Losses (Troubled Debt Restructurings on Loan Receivables) (Details) (USD $) | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
concession | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | Interest Rate Adjustment [Member] | Interest Rate Adjustment [Member] | Interest Rate Adjustment [Member] | Interest Rate Adjustment [Member] | Forbearance Agreement [Member] | Forbearance Agreement [Member] | Forbearance Agreement [Member] | Forbearance Agreement [Member] | Forbearance Agreement [Member] | Forbearance Agreement [Member] | Forbearance Agreement [Member] | Forbearance Agreement [Member] | Forbearance Agreement [Member] | Forbearance Agreement [Member] | Forbearance Agreement [Member] | Forbearance Agreement [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Material Extension of Time [Member] | Combination of Concessions [Member] | Combination of Concessions [Member] | Combination of Concessions [Member] | Combination of Concessions [Member] | Combination of Concessions [Member] | Combination of Concessions [Member] | Combination of Concessions [Member] | Combination of Concessions [Member] | Combination of Concessions [Member] | Combination of Concessions [Member] | Combination of Concessions [Member] | Combination of Concessions [Member] | Combination of Concessions [Member] | Combination of Concessions [Member] | Combination of Concessions [Member] | Combination of Concessions [Member] | Change in Amortization Period [Member] | Change in Amortization Period [Member] | Change in Amortization Period [Member] | Change in Amortization Period [Member] | Change in Amortization Period [Member] | Change in Amortization Period [Member] | Change in Amortization Period [Member] | Change in Amortization Period [Member] | Change in Amortization Period [Member] | Change in Amortization Period [Member] | Change in Amortization Period [Member] | Change in Amortization Period [Member] | |
Contracts | Contracts | Contracts | Contracts | Commercial and industrial [Member] | Commercial and industrial [Member] | Commercial and industrial [Member] | Commercial and industrial [Member] | Owner occupied real estate [Member] | Owner occupied real estate [Member] | Owner occupied real estate [Member] | Owner occupied real estate [Member] | Residential [Member] | Residential [Member] | Residential [Member] | Residential [Member] | Consumer [Member] | Consumer [Member] | Consumer [Member] | Consumer [Member] | Commercial and industrial [Member] | Commercial and industrial [Member] | Commercial and industrial [Member] | Commercial and industrial [Member] | Commercial construction and land development [Member] | Commercial construction and land development [Member] | Commercial construction and land development [Member] | Commercial construction and land development [Member] | Commercial real estate [Member] | Commercial real estate [Member] | Commercial real estate [Member] | Commercial real estate [Member] | Residential [Member] | Residential [Member] | Residential [Member] | Residential [Member] | Consumer [Member] | Consumer [Member] | Consumer [Member] | Consumer [Member] | Commercial and industrial [Member] | Commercial and industrial [Member] | Commercial and industrial [Member] | Commercial and industrial [Member] | Commercial construction and land development [Member] | Commercial construction and land development [Member] | Commercial construction and land development [Member] | Commercial construction and land development [Member] | Commercial real estate [Member] | Commercial real estate [Member] | Commercial real estate [Member] | Commercial real estate [Member] | Residential [Member] | Residential [Member] | Residential [Member] | Residential [Member] | Commercial and industrial [Member] | Commercial and industrial [Member] | Commercial and industrial [Member] | Commercial and industrial [Member] | Commercial real estate [Member] | Commercial real estate [Member] | Commercial real estate [Member] | Commercial real estate [Member] | Residential [Member] | Residential [Member] | Residential [Member] | Residential [Member] | ||
QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | ||||||
Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Contracts | ' | 4 | 6 | 21 | 17 | 0 | 1 | 0 | 1 | 0 | 0 | 1 | 0 | 1 | 0 | 1 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 4 | 5 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 2 | 0 | 2 | 1 | 4 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 1 | 0 | 1 | 3 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 7 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 |
Recorded Investment at Time of Restructure | ' | $5,671 | $10,938 | $11,360 | $16,334 | $0 | $3,404 | $0 | $3,404 | $0 | $0 | $193 | $0 | $3,096 | $0 | $3,096 | $0 | $480 | $0 | $480 | $0 | $0 | $0 | $0 | $1,262 | $1,749 | $0 | $2,801 | $3,396 | $0 | $0 | $0 | $68 | $0 | $49 | $260 | $329 | $0 | $664 | $35 | $859 | $0 | $0 | $125 | $0 | $0 | $3,546 | $0 | $3,546 | $0 | $3,275 | $2,945 | $3,275 | $0 | $0 | $0 | $195 | $0 | $0 | $1,079 | $0 | $0 | $0 | $0 | $0 | $346 | $0 | $346 | $0 |
Number of concessions for classifying loans receivable as TDR | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recovered_Sheet3
Loans Receivable and Allowance for Loan Losses (Loans Receivable Modified as Troubled Debt Restructurings, Previous 12 Months) (Details) (USD $) | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Contracts | YTD [Member] | Less Than 30 Days Past Due [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | TDR's, Subsequently Defaulted [Member] | |
Contracts | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | Commercial and industrial [Member] | Commercial and industrial [Member] | Commercial and industrial [Member] | Commercial and industrial [Member] | Commercial tax-exempt [Member] | Commercial tax-exempt [Member] | Commercial tax-exempt [Member] | Commercial tax-exempt [Member] | Owner occupied real estate [Member] | Owner occupied real estate [Member] | Owner occupied real estate [Member] | Owner occupied real estate [Member] | Commercial construction and land development [Member] | Commercial construction and land development [Member] | Commercial construction and land development [Member] | Commercial construction and land development [Member] | Commercial real estate [Member] | Commercial real estate [Member] | Commercial real estate [Member] | Commercial real estate [Member] | Residential [Member] | Residential [Member] | Residential [Member] | Residential [Member] | Consumer [Member] | Consumer [Member] | Consumer [Member] | Consumer [Member] | ||
Contracts | Contracts | Contracts | Contracts | Contracts | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | QTD [Member] | QTD [Member] | YTD [Member] | YTD [Member] | |||
Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | ||||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Contracts | 20 | 21 | 13 | 3 | 2 | 21 | 12 | 1 | 1 | 10 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 2 | 4 | 0 | 0 | 3 | 2 | 1 | 1 | 2 | 3 | 1 | 0 | 2 | 1 |
Recorded Investment | ' | ' | $13,000 | $3,745 | $67 | $15,923 | $4,550 | $179 | $2 | $5,051 | $177 | $0 | $0 | $0 | $0 | $0 | $0 | $1,580 | $0 | $0 | $0 | $2,426 | $2,575 | $0 | $0 | $2,943 | $1,011 | $3,089 | $65 | $3,348 | $609 | $477 | $0 | $575 | $178 |
TDR contracts in payment default, period | '30 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan_Commitments_and_Standby_L1
Loan Commitments and Standby Letters of Credit (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Commitments to Extend Credit [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Loan commitments, unused | $521,999,000 | ' |
Standby Letters of Credit [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Guarantor Obligations, Current Carrying Value | 0 | 48,000 |
Standby letters of credit | $39,265,000 | $34,052,000 |
Fair_Value_Measurements_Financ
Fair Value Measurements (Financial Assets Measured at Fair Value on Recurring Basis) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | $612,151 | $675,109 |
U.S. Government agency securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 30,372 | 33,761 |
Residential MBSs [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 65,061 | 57,210 |
Fair value measurements, recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 612,151 | 675,109 |
Fair value measurements, recurring [Member] | Quoted Prices in Active Markets for Identical Assets, Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Fair value measurements, recurring [Member] | Significant Other Observable Inputs, Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 612,151 | 675,109 |
Fair value measurements, recurring [Member] | Significant Unobservable Inputs, Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Fair value measurements, recurring [Member] | U.S. Government agency securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 30,372 | 33,761 |
Fair value measurements, recurring [Member] | U.S. Government agency securities [Member] | Quoted Prices in Active Markets for Identical Assets, Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Fair value measurements, recurring [Member] | U.S. Government agency securities [Member] | Significant Other Observable Inputs, Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 30,372 | 33,761 |
Fair value measurements, recurring [Member] | U.S. Government agency securities [Member] | Significant Unobservable Inputs, Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Fair value measurements, recurring [Member] | Residential MBSs [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 65,061 | 57,210 |
Fair value measurements, recurring [Member] | Residential MBSs [Member] | Quoted Prices in Active Markets for Identical Assets, Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Fair value measurements, recurring [Member] | Residential MBSs [Member] | Significant Other Observable Inputs, Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 65,061 | 57,210 |
Fair value measurements, recurring [Member] | Residential MBSs [Member] | Significant Unobservable Inputs, Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Fair value measurements, recurring [Member] | Collateralized Mortgage Obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 491,032 | 556,867 |
Fair value measurements, recurring [Member] | Collateralized Mortgage Obligations [Member] | Quoted Prices in Active Markets for Identical Assets, Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Fair value measurements, recurring [Member] | Collateralized Mortgage Obligations [Member] | Significant Other Observable Inputs, Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 491,032 | 556,867 |
Fair value measurements, recurring [Member] | Collateralized Mortgage Obligations [Member] | Significant Unobservable Inputs, Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Fair value measurements, recurring [Member] | Municipal Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 25,686 | 27,271 |
Fair value measurements, recurring [Member] | Municipal Securities [Member] | Quoted Prices in Active Markets for Identical Assets, Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Fair value measurements, recurring [Member] | Municipal Securities [Member] | Significant Other Observable Inputs, Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 25,686 | 27,271 |
Fair value measurements, recurring [Member] | Municipal Securities [Member] | Significant Unobservable Inputs, Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | $0 | $0 |
Fair_Value_Measurements_Financ1
Fair Value Measurements (Financial Assets Measured at Fair Value on Nonrecurring Basis) (Details) (Fair value measurements, nonrecurring [Member], USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans with specific allocation | $13,776 | $11,991 |
Impaired loans net of partial charge-offs | 3,842 | 4,227 |
Total | 17,618 | 16,218 |
Quoted Prices in Active Markets for Identical Assets, Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans with specific allocation | 0 | 0 |
Impaired loans net of partial charge-offs | 0 | 0 |
Total | 0 | 0 |
Significant Other Observable Inputs, Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans with specific allocation | 0 | 0 |
Impaired loans net of partial charge-offs | 0 | 0 |
Total | 0 | 0 |
Significant Unobservable Inputs, Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans with specific allocation | 13,776 | 11,991 |
Impaired loans net of partial charge-offs | 3,842 | 4,227 |
Total | $17,618 | $16,218 |
Fair_Value_Measurements_Estima
Fair Value Measurements (Estimated Fair Values of Financial Instruments) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Carrying Amount [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | $59,382 | $56,582 |
Securities | 889,375 | 944,892 |
Loans held for sale | 5,011 | 15,183 |
Loans, net | 1,675,251 | 1,503,515 |
Restricted investments in bank stock | 18,538 | 15,450 |
Accrued interest receivable | 7,257 | 7,206 |
Financial liabilities: | ' | ' |
Deposits | 2,177,071 | 2,231,291 |
Short-term borrowings | 316,225 | 113,225 |
Long-term debt | 15,800 | 40,800 |
Accrued interest payable | 217 | 308 |
Carrying Amount [Member] | Commitments to Extend Credit [Member] | ' | ' |
Financial liabilities: | ' | ' |
Off-balance sheet instruments | 0 | 0 |
Carrying Amount [Member] | Standby Letters of Credit [Member] | ' | ' |
Financial liabilities: | ' | ' |
Off-balance sheet instruments | 0 | 0 |
Fair Value [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 59,382 | 56,582 |
Securities | 875,127 | 948,780 |
Loans held for sale | 5,057 | 15,415 |
Loans, net | 1,682,652 | 1,516,839 |
Restricted investments in bank stock | 18,538 | 15,450 |
Accrued interest receivable | 7,257 | 7,206 |
Financial liabilities: | ' | ' |
Deposits | 2,177,891 | 2,232,789 |
Short-term borrowings | 316,225 | 113,225 |
Long-term debt | 12,642 | 35,629 |
Accrued interest payable | 217 | 308 |
Fair Value [Member] | Commitments to Extend Credit [Member] | ' | ' |
Financial liabilities: | ' | ' |
Off-balance sheet instruments | 0 | 0 |
Fair Value [Member] | Standby Letters of Credit [Member] | ' | ' |
Financial liabilities: | ' | ' |
Off-balance sheet instruments | 0 | 0 |
Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets, Level 1 [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 59,382 | 56,582 |
Securities | 0 | 0 |
Loans held for sale | 0 | 0 |
Loans, net | 0 | 0 |
Restricted investments in bank stock | 0 | 0 |
Accrued interest receivable | 7,257 | 7,206 |
Financial liabilities: | ' | ' |
Deposits | 0 | 0 |
Short-term borrowings | 316,225 | 113,225 |
Long-term debt | 0 | 0 |
Accrued interest payable | 217 | 308 |
Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets, Level 1 [Member] | Commitments to Extend Credit [Member] | ' | ' |
Financial liabilities: | ' | ' |
Off-balance sheet instruments | 0 | 0 |
Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets, Level 1 [Member] | Standby Letters of Credit [Member] | ' | ' |
Financial liabilities: | ' | ' |
Off-balance sheet instruments | 0 | 0 |
Fair Value [Member] | Significant Other Observable Inputs, Level 2 [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 0 | 0 |
Securities | 875,127 | 948,780 |
Loans held for sale | 0 | 0 |
Loans, net | 0 | 0 |
Restricted investments in bank stock | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Financial liabilities: | ' | ' |
Deposits | 0 | 0 |
Short-term borrowings | 0 | 0 |
Long-term debt | 0 | 0 |
Accrued interest payable | 0 | 0 |
Fair Value [Member] | Significant Other Observable Inputs, Level 2 [Member] | Commitments to Extend Credit [Member] | ' | ' |
Financial liabilities: | ' | ' |
Off-balance sheet instruments | 0 | 0 |
Fair Value [Member] | Significant Other Observable Inputs, Level 2 [Member] | Standby Letters of Credit [Member] | ' | ' |
Financial liabilities: | ' | ' |
Off-balance sheet instruments | 0 | 0 |
Fair Value [Member] | Significant Unobservable Inputs, Level 3 [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 0 | 0 |
Securities | 0 | 0 |
Loans held for sale | 5,057 | 15,415 |
Loans, net | 1,682,652 | 1,516,839 |
Restricted investments in bank stock | 18,538 | 15,450 |
Accrued interest receivable | 0 | 0 |
Financial liabilities: | ' | ' |
Deposits | 2,177,891 | 2,232,789 |
Short-term borrowings | 0 | 0 |
Long-term debt | 12,642 | 35,629 |
Accrued interest payable | 0 | 0 |
Fair Value [Member] | Significant Unobservable Inputs, Level 3 [Member] | Commitments to Extend Credit [Member] | ' | ' |
Financial liabilities: | ' | ' |
Off-balance sheet instruments | 0 | 0 |
Fair Value [Member] | Significant Unobservable Inputs, Level 3 [Member] | Standby Letters of Credit [Member] | ' | ' |
Financial liabilities: | ' | ' |
Off-balance sheet instruments | $0 | $0 |
Fair_Value_Measurements_Narrat
Fair Value Measurements (Narrative) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Impaired_Loans | Impaired_Loans | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Liabilities | $2,525,041,000 | $2,399,488,000 |
Number of impaired loans | 14 | 7 |
Allowance related to impaired loans | 10,868,000 | 7,120,000 |
Impaired loans, charge-offs | ' | 2,600,000 |
Fair value measurements, transfers between levels 1 and 2 | 0 | ' |
Fair value measurements, transfers between levels 2 and 3 | 0 | ' |
Loans Held-for-sale, Write Down | 0 | 0 |
Inventory and Equipment [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, collateral, discount rate | 50.00% | ' |
Accounts Receivable [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, collateral, discount rate | 20.00% | ' |
Foreclosed [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, collateral, discount rate | 15.00% | ' |
Minimum [Member] | Real Estate [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, collateral, discount rate | 15.00% | ' |
Maximum [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and cash equivalents, maximum original maturities | '90 days | '90 days |
Maximum [Member] | Real Estate [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, collateral, discount rate | 35.00% | ' |
Weighted average [Member] | Real Estate [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, collateral, discount rate | 22.00% | ' |
Fair value measurements, recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Liabilities | 0 | 0 |
Fair value measurements, nonrecurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans with specific allocation | 13,776,000 | 11,991,000 |
Impaired loans net of partial charge-offs | 3,842,000 | 4,227,000 |
Foreclosed assets, carrying value | 0 | 0 |
Fair value inputs, Level 3 [Member] | Fair value measurements, nonrecurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans with specific allocation | 13,776,000 | 11,991,000 |
Allowance related to impaired loans | 10,900,000 | 7,100,000 |
Impaired loans net of partial charge-offs | 3,842,000 | 4,227,000 |
Impaired loans, charge-offs | $2,700,000 | ' |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' |
Provision for federal income taxes | $2,064 | $1,381 | $5,225 | $3,367 |
Effective income tax rate | 31.00% | 41.00% | 30.00% | 31.00% |
One-time nonrecurring regulatory expense | ' | 1,500 | ' | 1,500 |
Statutory tax rate | ' | ' | 35.00% | 34.00% |
Deferred tax asset | $13,300 | ' | $13,300 | ' |