Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Feb. 28, 2014 | Jun. 30, 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-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Amendment Flag | 'false | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 14,162,521 | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Public Float | ' | ' | $260,513,405 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Cash and cash equivalents | $44,996 | $56,582 |
Securities, available for sale at fair value | 585,923 | 675,109 |
Securities, held to maturity at cost (fair value 2013: $263,697; 2012: $273,671) | 283,814 | 269,783 |
Loans, held for sale | 6,225 | 15,183 |
Loans receivable, net of allowance for loan losses (allowance 2013: $23,110; 2012: $25,282) | 1,727,762 | 1,503,515 |
Restricted investments in bank stock | 20,564 | 15,450 |
Premises and equipment, net | 75,783 | 78,788 |
Other assets | 36,051 | 20,465 |
Total assets | 2,781,118 | 2,634,875 |
Liabilities and Stockholders' Equity | ' | ' |
Noninterest-bearing | 443,287 | 455,000 |
Interest-bearing | 1,796,334 | 1,776,291 |
Total deposits | 2,239,621 | 2,231,291 |
Short-term borrowing | 277,750 | 113,225 |
Long-term debt | 15,800 | 40,800 |
Other liabilities | 17,764 | 14,172 |
Total liabilities | 2,550,935 | 2,399,488 |
Stockholders' Equity: | ' | ' |
Preferred stock - Series A noncumulative; $10.00 par value; $1,000 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: 14,157,219; 2012: 14,131,263) | 14,157 | 14,131 |
Surplus | 158,650 | 157,305 |
Retained earnings | 73,491 | 56,311 |
Accumulated other comprehensive income (loss) | -16,515 | 7,240 |
Total stockholders' equity | 230,183 | 235,387 |
Total liabilities and stockholders' equity | $2,781,118 | $2,634,875 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Current Assets: | ' | ' |
Securities, held to maturity, fair value | $263,697,000 | $273,671,000 |
Allowance for loan losses | 23,110,000 | 25,282,000 |
Stockholders' Equity: | ' | ' |
Preferred stock, par value (in dollars per share) | $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 (in dollars per share) | $1 | $1 |
Common stock, shares authorized | 25,000,000 | 25,000,000 |
Common stock, shares issued | 14,157,219 | 14,131,263 |
Common stock, shares outstanding | 14,157,219 | 14,131,263 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Loans receivable, including fees: | ' | ' | ' |
Taxable | $74,404 | $71,760 | $71,307 |
Tax-exempt | 3,630 | 3,628 | 4,020 |
Securities: | ' | ' | ' |
Taxable | 20,552 | 21,468 | 22,362 |
Tax-exempt | 740 | 451 | 1 |
Federal funds sold | 0 | 1 | 5 |
Total interest income | 99,326 | 97,308 | 97,695 |
Interest Expense | ' | ' | ' |
Deposits | 6,204 | 7,701 | 11,443 |
Short-term borrowings | 712 | 203 | 439 |
Long-term debt | 1,280 | 2,206 | 2,814 |
Total interest expense | 8,196 | 10,110 | 14,696 |
Net interest income | 91,130 | 87,198 | 82,999 |
Provision for loan losses | 6,875 | 10,100 | 20,592 |
Net interest income after provision for loan losses | 84,255 | 77,098 | 62,407 |
Noninterest Income | ' | ' | ' |
Service charges on deposit accounts | 22,867 | 23,161 | 23,272 |
Loan service charges and fees | 2,764 | 2,838 | 2,366 |
Other | 2,940 | 2,373 | 2,135 |
Service charges, fees and other operating income | 28,571 | 28,372 | 27,773 |
Net gains on sales of loans | 955 | 1,220 | 2,728 |
Total fees and other income | 29,526 | 29,592 | 30,501 |
Other-than-temporary impairment (OTTI) losses | 0 | -649 | -324 |
Portion recognized in other comprehensive income (before taxes) | 0 | 0 | 0 |
Net impairment loss on investment securities | 0 | -649 | -324 |
Net gains on sales/calls of securities | 664 | 1,051 | 350 |
Debt prepayment charge | 0 | -140 | -75 |
Total noninterest income | 30,190 | 29,854 | 30,452 |
Noninterest Expenses | ' | ' | ' |
Salaries and employee benefits | 42,806 | 41,241 | 40,318 |
Occupancy | 8,710 | 8,439 | 9,155 |
Furniture and equipment | 4,540 | 4,842 | 5,465 |
Advertising and marketing | 2,418 | 1,870 | 2,016 |
Data processing | 12,838 | 13,590 | 14,211 |
Regulatory assessments and related fees | 2,227 | 4,063 | 3,638 |
Telephone | 3,643 | 3,480 | 3,434 |
Loan expense | 2,024 | 1,384 | 1,098 |
Foreclosed real estate | 422 | 1,335 | 2,275 |
Branding | 0 | 30 | 1,891 |
Consulting fees | 807 | 1,104 | 1,496 |
Pennsylvania shares tax | 2,176 | 1,789 | 1,507 |
Other | 7,258 | 7,977 | 7,510 |
Total noninterest expenses | 89,869 | 91,144 | 94,014 |
Income (loss) before taxes | 24,576 | 15,808 | -1,155 |
Provision (benefit) for federal income taxes | 7,316 | 4,914 | -1,444 |
Net income | $17,260 | $10,894 | $289 |
Net Income per Common Share | ' | ' | ' |
Basic (in dollars per share) | $1.21 | $0.77 | $0.02 |
Diluted (in dollars per share) | $1.20 | $0.77 | $0.02 |
Average Common and Common Equivalent Shares Outstanding | ' | ' | ' |
Basic (in shares) | 14,142 | 14,128 | 13,919 |
Diluted (in shares) | 14,290 | 14,128 | 13,919 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Net income | $17,260 | $10,894 | $289 | |||
Other comprehensive (loss) income, net of tax: | ' | ' | ' | |||
Net unrealized holding (losses) gains arising during the period (net of taxes 2013: ($12,750); 2012: $1,758; 2011: $4,872) | -23,988 | 3,413 | 9,457 | |||
Reclassification adjustment for net realized losses (gains) on securities recorded in income [1] (net of taxes 2013: $125; 2012: ($220); 2011: ($117)) | 233 | [1] | -409 | [1] | -227 | [1] |
Reclassification for OTTI credit losses recorded in income (net of taxes 2012: $227; 2011: $110) | 0 | 422 | 214 | |||
Other comprehensive (loss) income | -23,755 | 3,426 | 9,444 | |||
Total comprehensive (loss) income | ($6,495) | $14,320 | $9,733 | |||
[1] | [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 (Parenthetical) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Taxes, unrealized holding (losses) gains arising during the period | ($12,750) | $1,758 | $4,872 |
Taxes, reclassification adjustment for net realized (losses) gains on securities recorded in income | 125 | -220 | -117 |
Taxes, reclassification for OTTI credit losses recorded in income | $0 | $227 | $110 |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (USD $) | Total | Preferred Stock | Common Stock | Surplus | Retained Earnings | Accumulated Other Comprehensive Income (Loss) |
In Thousands, unless otherwise specified | ||||||
Beginning balance at Dec. 31, 2010 | $205,351 | $400 | $13,748 | $151,545 | $45,288 | ($5,630) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 289 | 0 | 0 | 0 | 289 | 0 |
Other comprehensive (loss) income | 9,444 | 0 | 0 | 0 | 0 | 9,444 |
Dividends declared on preferred stock | -80 | 0 | 0 | 0 | -80 | 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 | 3,802 | 0 | 377 | 3,425 | 0 | 0 |
Common stock share-based awards | 1,213 | 0 | 0 | 1,213 | 0 | 0 |
Ending 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 | 10,894 | 0 | 0 | 0 | 10,894 | 0 |
Other comprehensive (loss) income | 3,426 | 0 | 0 | 0 | 0 | 3,426 |
Dividends declared on preferred stock | -80 | 0 | 0 | 0 | -80 | 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 | 44 | 0 | 6 | 38 | 0 | 0 |
Common stock share-based awards | 1,082 | 0 | 0 | 1,082 | 0 | 0 |
Ending 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 | 17,260 | 0 | 0 | 0 | 17,260 | 0 |
Other comprehensive (loss) income | -23,755 | 0 | 0 | 0 | 0 | -23,755 |
Dividends declared on preferred stock | -80 | 0 | 0 | 0 | -80 | 0 |
Common stock issued under stock options plans | 355 | 0 | 24 | 331 | 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 | 67 | 0 | 2 | 65 | 0 | 0 |
Common stock share-based awards | 948 | 0 | 0 | 948 | 0 | 0 |
Ending balance at Dec. 31, 2013 | $230,183 | $400 | $14,157 | $158,650 | $73,491 | ($16,515) |
Consolidated_Statements_of_Sto1
Consolidated Statements of Stockholders' Equity (Parenthetical) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Common stock, shares issued under stock option plans | 23,645 | 0 | 0 |
Tax benefit, stock option plans | $51 | $0 | $0 |
Common stock, shares issued under employee stock purchase plan | 40 | 40 | 100 |
Common stock, shares issued in connection with dividend reinvestment and stock purchase plan | 2,271 | 5,877 | 376,862 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Operating Activities | ' | ' | ' |
Net income | $17,260 | $10,894 | $289 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Provision for loan losses | 6,875 | 10,100 | 20,592 |
Provision for depreciation and amortization | 5,157 | 5,824 | 6,476 |
Deferred income tax (benefit) expense | 137 | 118 | -1,511 |
Amortization of securities premiums and accretion of discounts (net) | 803 | 1,635 | 2,506 |
Losses (gains) on sales of available for sales securities (net) | 358 | -629 | -343 |
Gains on sales/calls of held to maturity securities | -1,022 | -422 | -7 |
Other-than-temporary impairment losses on investment securities | 0 | 649 | 324 |
Proceeds from sales and transfers of SBA loans originated for sale | 0 | 0 | 12,063 |
Proceeds/payments from sales of other loans originated for sale | 63,573 | 76,277 | 60,822 |
Loans originated for sale | -53,604 | -80,881 | -60,911 |
Gains on sales of loans (net) | -955 | -1,220 | -2,728 |
Loss on write-down on foreclosed real estate | 89 | 257 | 2,060 |
Losses (gains) on sales of foreclosed real estate (net) | 54 | 649 | -116 |
Losses on disposal of premises and equipment (net) | 217 | 79 | 1,265 |
Stock-based compensation | 948 | 1,082 | 1,250 |
Amortization of deferred loan origination fees and costs (net) | 2,688 | 2,647 | 2,069 |
Debt prepayment charge | 0 | 140 | 75 |
(Increase) decrease in other assets | -985 | 5,782 | 15,437 |
Increase (decrease) in other liabilities | 2,947 | -1,253 | -11,679 |
Net cash provided by operating activities | 44,540 | 31,728 | 47,933 |
Securities available for sale: | ' | ' | ' |
Proceeds from principal repayments, calls and maturities | 134,199 | 161,013 | 79,695 |
Proceeds from sales | 76,262 | 299,338 | 125,299 |
Purchases | -158,826 | -518,375 | -368,537 |
Securities held to maturity: | ' | ' | ' |
Proceeds from principal repayments, calls and maturities | 66,199 | 146,503 | 87,074 |
Proceeds from sales | 22,259 | 6,101 | 852 |
Purchases | -101,455 | -225,420 | -57,059 |
Proceeds from Sale of Loans Receivable | 4,952 | 0 | 0 |
Proceeds from sales of foreclosed real estate | 1,552 | 6,472 | 2,930 |
Increase in loans receivable (net) | -241,982 | -103,992 | -85,458 |
(Purchase) redemption of restricted investments in bank stock (net) | -5,114 | 1,352 | 3,812 |
Proceeds from sale of premises and equipment | 316 | 931 | 2 |
Purchases of premises and equipment | -2,685 | -3,508 | -1,695 |
Net cash used by investing activities | -204,323 | -229,585 | -213,085 |
Financing Activities | ' | ' | ' |
Increase in demand, interest checking, money market, and savings deposits (net) | 13,098 | 190,834 | 281,381 |
Decrease in time and other noncore deposits (net) | -4,768 | -31,117 | -41,986 |
Increase (decrease) in short-term borrowings (net) | 164,525 | 48,225 | -75,475 |
Repayment of long-term borrowings | -25,000 | -8,540 | -5,275 |
Proceeds from long-term borrowings | 0 | 0 | 25,000 |
Proceeds from common stock options exercised | 304 | 0 | 0 |
Proceeds from dividend reinvestment and common stock purchase plan | 67 | 44 | 3,802 |
Tax benefit on exercise of stock options | 51 | 0 | 0 |
Cash dividends on preferred stock | -80 | -80 | -80 |
Net cash provided by financing activities | 148,197 | 199,366 | 187,367 |
(Decrease) increase in cash and cash equivalents | -11,586 | 1,509 | 22,215 |
Cash and cash equivalents at beginning of year | 56,582 | 55,073 | 32,858 |
Cash and cash equivalents at year-end | 44,996 | 56,582 | 55,073 |
Cash paid for interest on deposits and borrowings | 8,283 | 10,261 | 14,870 |
Cash paid for income taxes | 7,325 | 3,250 | 700 |
Supplemental schedule of noncash activities: | ' | ' | ' |
Transfer of loans to foreclosed assets | $3,722 | $2,778 | $5,336 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||
Summary of Significant Accounting Policies | ' | |||||||||||
Summary of Significant Accounting Policies | ||||||||||||
Nature of Operations and Basis of Presentation | ||||||||||||
Metro Bancorp, Inc. (Metro or the Company) is a Pennsylvania business corporation, which is registered as a bank holding company under the Bank Holding Company Act of 1956, as amended. The Company was incorporated on April 23, 1999 and became an active bank holding company on July 1, 1999. The Company is a one-bank holding company headquartered in Harrisburg, Pennsylvania and provides full banking services through its subsidiary, Metro Bank (the Bank). The Company is subject to regulation by the Federal Reserve Bank (FRB). Metro Bank is the Company's operating entity and is headquartered in Lemoyne, Pennsylvania. The Bank became a state-chartered bank on November 7, 2008, following approval by the Pennsylvania Department of Banking of the Bank's application to convert from a national bank charter to a state bank charter. As a Pennsylvania state-chartered bank, Metro Bank is supervised jointly by the Pennsylvania Department of Banking and Securities and the Federal Deposit Insurance Corporation (FDIC). The Bank is a financial services retailer with 33 stores in the counties of Berks, Cumberland, Dauphin, Lancaster, Lebanon and York, Pennsylvania. | ||||||||||||
The consolidated financial statements presented include the accounts of Metro Bancorp, Inc. and its wholly-owned subsidiary Metro Bank. All material intercompany transactions have been eliminated. Events occurring subsequent to the date of the balance sheet have been evaluated for potential recognition or disclosure in the consolidated financial statements. | ||||||||||||
Use of Estimates | ||||||||||||
The consolidated financial statements are prepared in conformity with generally accepted accounting principles (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 other fair value measurements. | ||||||||||||
Other Comprehensive Income | ||||||||||||
Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale (AFS) securities, are reported as a separate component of the equity section of the balance sheet, such items, along with net income are components of comprehensive income. The only comprehensive income items that the Company presently has other than net income are net unrealized gains (losses) on securities available for sale and unrealized losses for noncredit-related losses on debt securities. These items are presented net of tax in the Statement of Comprehensive Income. | ||||||||||||
Significant Group Concentrations of Credit Risk | ||||||||||||
Most of the Company's activities are with customers located within the South Central Pennsylvania Region. Notes 4 and 6 discuss the types of lending that the Company engages in as well as loan concentrations. The Company does not have any significant concentrations to any one customer, or group of customers with similar economic characteristics. The types of securities the Company invests in is discussed in Note 3. | ||||||||||||
Securities | ||||||||||||
Securities classified as held to maturity are those debt securities that the Company has both the intent and ability to hold to maturity regardless of changes in market conditions, liquidity needs, or general economic conditions. These securities are carried at cost adjusted for amortization of premium and accretion of discount, computed by the interest method over the estimated average life of amortizing securities and to either the maturity or expected call date of nonamortizing securities. | ||||||||||||
Securities classified as available for sale are those debt securities that the Company intends to hold for an indefinite period of time, but not necessarily to maturity. Any decision to sell a security classified as available for sale would be based on various factors, including significant movements in interest rates, changes in the maturity mix of the Company's assets and liabilities, liquidity needs, regulatory capital considerations and other similar factors. Securities available for sale are carried at fair value. Unrealized gains or losses are reported in other comprehensive income, net of the related deferred tax effect. Realized gains or losses, determined on the basis of the cost of the specific securities sold, are included in earnings. Premiums and discounts are recognized in interest income using the interest method over the estimated average life of amortizing securities and to either the maturity or expected call date of nonamortizing securities. Management determines the appropriate classification of debt securities at the time of purchase. | ||||||||||||
Other-Than-Temporary Impairment | ||||||||||||
Beginning in 2013, the Company performed its own independent credit review of all nongovernment and nongovernmental agencies securities when determining whether a debt security is other-than-temporarily impaired. This includes a quarterly review of all existing debt securities as well as a pre-purchase analysis and review for securities purchased. This review considers, but does not rely upon, ratings by a nationally recognized statistical ratings organization. Management also assesses whether we have the intent to sell the security or it is more likely than not that we will be required to sell the security prior to its anticipated recovery. | ||||||||||||
Prior to 2013, the Company followed the fair value measurement guidance which clarifies the interaction of the factors that should be considered when determining whether a debt security is other-than-temporarily impaired. For debt securities, management assessed whether we had the intent to sell the security or it is more likely than not that we would be required to sell the security prior to its anticipated recovery. The Company forecasted recovery of the value of the security through either cash flows or market price. | ||||||||||||
In instances when a determination is made that an OTTI exists but we do not intend to sell the debt security and it is not likely that we will be required to sell the debt security prior to its anticipated recovery, the OTTI is separated into (a)Â the amount of the total OTTI related to a decrease in cash flows expected to be collected from the debt security (the credit loss) and (b)Â the amount related to all other factors. The amount of the OTTI related to the credit loss is recognized in earnings and the amount of the OTTI related to all other factors is recognized in other comprehensive income. | ||||||||||||
Loans Held for Sale | ||||||||||||
Loans held for sale are comprised of student loans and selected residential mortgage loans the Company originates with the intention of selling in the future. Prior to September 30, 2011, loans held for sale also included Small Business Administration (SBA) loans the Company originated with the intention of selling. Occasionally, loans held for sale also include selected business and industry loans that the Company decides to sell. Held for sale loans are carried at the lower of cost or estimated fair value, calculated in the aggregate. At the present time, the majority of the Company's residential loans are originated with the intent to sell to the secondary market unless a loan is nonconforming to the secondary market standards or if we agree not to sell the loan due to a customer's request. The residential mortgage loans that are designated as held for sale are sold to other financial institutions in correspondent relationships. The sale of these loans takes place typically within 30 days of funding. The Bank does not retain the servicing on its residential mortgage loans or its student loans. | ||||||||||||
The Company holds SBA loans in the Company's loan receivable portfolio unless or until the Company's management determines a sale of certain loans is appropriate. At the time such a decision would be made, the SBA loans will be moved from the loans receivable portfolio to the loans held for sale portfolio. During the first half of 2011, the Company was originating SBA loans with the intent to sell the guaranteed portion of the loans. The Company received proceeds of $12.1 million on sales of SBA loans in 2011 and recognized a gain of $1.9 million on those sales. There were no SBA loan sales in 2013 or 2012. | ||||||||||||
Total loans held for sale were $6.2 million and $15.2 million at December 31, 2013 and 2012, respectively. At December 31, 2013, loans held for sale were comprised of $3.1 million of student loans and $3.1 million of residential mortgages as compared to $3.8 million of student loans and $11.4 million of residential mortgages at December 31, 2012. | ||||||||||||
Loans Receivable | ||||||||||||
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 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. | ||||||||||||
A loan is considered past due or delinquent if payment is not received on or before the due date. The accrual of interest is generally discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collectibility of principal or interest, even though the loan may be currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. 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, interest is recognized as accrued. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time and the ultimate collectibility of the total contractual principal and interest is no longer in doubt. | ||||||||||||
Allowance for Loan Losses | ||||||||||||
The ALL is established through provisions for loan losses charged against income. Loans, or portions thereof, deemed to be uncollectible are charged against the ALL and subsequent recoveries, if any, are credited to the allowance. The evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. Loans are evaluated for impairment once the loan has been internally risk rated substandard or lower or has been modified as a troubled debt restructuring (TDR). | ||||||||||||
The allowance consists of specific and general components. The specific component relates to loans that are classified as impaired. For such loans, an allowance is established when the discounted cash flows, net collateral value or observable market price of the impaired loan is lower than the carrying value of the loan. The general component covers nonclassified loans and is based on historical loss experience adjusted for qualitative factors and includes an unallocated component. These qualitative factors represent a portion of the allowance established for losses inherent in the loan portfolio, which have not been identified by the quantitative processes. This determination inherently involves a higher degree of subjectivity and considers risk factors that may not have yet manifested themselves in historical loss experience. These factors include: | ||||||||||||
• | Changes in lending policies and procedures, including changes in underwriting standards; | |||||||||||
• | Changes in levels and trends of collection, charge-off and recovery practices; | |||||||||||
• | Changes in the volume and severity of past due loans, the volume of nonaccrual loans and the volume and severity of adversely classified or graded loans; | |||||||||||
• | Material changes in the mix, volume or duration of the portfolio; | |||||||||||
• | Changes in the value of underlying collateral for collateral-dependent loans; | |||||||||||
• | Changes in the quality of our loan review system; | |||||||||||
• | Changes in the experience, ability and depth of lending management and other relevant staff; | |||||||||||
• | The existence and effect of any concentrations of credit and changes in the level of such concentrations; and | |||||||||||
• | Changes in international, national, regional and local economic and business conditions and developments that affect the collectibility of the portfolio, including the condition of various market segments and the effect of other external factors such as competition and legal and regulatory requirements on the level of estimated credit losses in our existing portfolio. | |||||||||||
The ALL is maintained at a level considered adequate to provide for losses that can be reasonably anticipated. Management's periodic evaluation of the adequacy of the allowance is based on the Company's past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower's ability to repay, the estimated value of any underlying collateral, composition of the loan portfolio, current economic conditions and other relevant factors. | ||||||||||||
A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include, the borrower's ability to pay, payment status, borrower's financial condition, market conditions for the borrowers' type of industry and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays generally are not classified as impaired. Management determines the significance of payment delays on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay and the borrower's prior payment record. Impairment is measured on a loan-by-loan basis for commercial loans by either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's obtainable market price or the fair value of the collateral if the loan is collateral dependent. | ||||||||||||
All nonaccrual loans are evaluated individually to determine whether a charge-off is necessary due to the loan being impaired. | ||||||||||||
Restricted Investments in Bank Stock | ||||||||||||
Restricted investments in bank stock (restricted stock) consists of stock of the Federal Home Loan Bank (FHLB) of Pittsburgh and the Atlantic Community Bankers Bank (ACBB). Federal law requires a member institution of the FHLB system to hold stock of its district FHLB according to a predetermined formula. At December 31, 2013, the Company held $20.5 million of FHLB stock. Of this amount, $5.0 million was required for membership and $15.5 million was required to cover the Company's borrowing level at the FHLB. During 2013 the FHLB lifted the repurchase suspension that had been in place since December of 2008. The Company also owned $65,000 of ACBB stock. The stock is carried at cost. | ||||||||||||
Management evaluates the restricted stock for impairment in accordance with Financial Accounting Standards Board (FASB) guidance on Accounting by Certain Entities (including Entities with Trade Receivables that Lend to or Finance the Activities of Others). Management determines whether this investment is impaired based on an assessment of the ultimate recoverability of the cost rather than by recognizing temporary declines in value. The determination of whether a decline affects the ultimate recoverability of the cost is influenced by criteria such as (1) the significance of the decline in net assets of the FHLB as compared to the capital stock amount for the FHLB and the length of time this situation has persisted, (2) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance of the FHLB and (3) the impact of legislative and regulatory changes on institutions and, accordingly, on the customer base of the FHLB. Management believes no impairment charge was necessary related to the FHLB restricted stock as of December 31, 2013. | ||||||||||||
Premises and Equipment | ||||||||||||
Premises and equipment are carried at cost less accumulated depreciation and amortization. Depreciation is charged to operations over the estimated useful lives of the respective assets. Leasehold improvements are amortized over the terms of the respective leases or the estimated useful lives of the improvements, whichever is shorter. Depreciation and amortization are determined on the straight-line method for financial reporting purposes and accelerated methods for income tax purposes. | ||||||||||||
Foreclosed Assets | ||||||||||||
Assets acquired through, or in lieu of, loan foreclosures are held for sale and are initially recorded at fair value less estimated costs to sell the assets at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value, less estimated costs to sell the asset. Revenue and expenses from operations, changes in the valuation allowance and gains/losses on sales of foreclosed real estate are included in foreclosed real estate expense. Foreclosed assets are included in other assets and totaled $4.5 million as of December 31, 2013 as compared to $2.5 million as of December 31, 2012. | ||||||||||||
Net expenses associated with foreclosed assets are detailed below: | ||||||||||||
Years Ended December 31, | ||||||||||||
(in thousands) | 2013 | 2012 | 2011 | |||||||||
Operating expenses, net of rental income | $ | 279 | $ | 429 | $ | 331 | ||||||
Loss on write-down on foreclosed real estate | 89 | 257 | 2,060 | |||||||||
Net loss (gain) on sales of real estate | 54 | 649 | (116 | ) | ||||||||
Total | $ | 422 | $ | 1,335 | $ | 2,275 | ||||||
Income Taxes | ||||||||||||
Deferred income taxes are provided using the liability method whereby deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets and liabilities are adjusted through the provision for income taxes for the effects of changes in tax laws and rates on the date of enactment. The Company analyzes each tax position taken in its tax returns and determines the likelihood that the position will be realized. Only tax positions that are "more likely than not" to be realized can be recognized in the Company's financial statements. For tax positions that do not meet this recognition threshold, the Company will record an unrecognized tax benefit for the difference between the position taken on the tax return and the amount recognized in the financial statements. The Company does not have any material unrecognized tax benefits or accrued interest or penalties at December 31, 2013 or 2012 or during the years then ended. No unrecognized tax benefits are expected to arise within the next twelve months. The Company's policy is to account for interest as a component of interest expense and penalties, if any, as a component of other expenses. | ||||||||||||
Transfers of Financial Assets | ||||||||||||
Transfers of financial assets, including sales of loans and loan participations, are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. | ||||||||||||
Per Share Data | ||||||||||||
Basic net income per common share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted net income per common share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued as well as any adjustments to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate solely to outstanding common stock options and are determined using the treasury stock method or stock purchased through the Company's dividend reinvestment and stock purchase plan. | ||||||||||||
Off-Balance Sheet Financial Instruments | ||||||||||||
In the ordinary course of business, the Company has entered into off-balance sheet financial instruments consisting of commitments to extend credit, commercial letters of credit and standby letters of credit. Such financial instruments are recorded on the balance sheet when they become payable by the borrower to the Company. | ||||||||||||
Cash Flow Information | ||||||||||||
For purposes of the statements of cash flows, the Company considers cash and due from banks, interest-bearing deposits and federal funds sold as cash and cash equivalents. Generally, federal funds, a component of cash and cash equivalents are purchased and sold for one-day periods. | ||||||||||||
Stock-Based Compensation | ||||||||||||
The Company recognizes compensation costs related to share-based payment transactions in the income statement based on the grant-date fair value of the stock-based compensation issued. Compensation costs are recognized over the period that an employee provides service in exchange for the award. | ||||||||||||
The cash flows resulting from the tax benefits due to deductions in excess of the compensation cost recognized for options (excess tax benefits) are classified as financing cash flows. | ||||||||||||
Advertising Costs | ||||||||||||
The Company follows the policy of charging the costs of advertising to expense as incurred. | ||||||||||||
Recent Accounting Standards | ||||||||||||
In February 2013, FASB updated the Comprehensive Income guidance to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendment does not change the current requirements for reporting net income or other comprehensive income in the financial statements. However, the amendment requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under GAAP that provide additional detail about those amounts. The effective date of this update for public entities was for reporting periods beginning after December 15, 2012. Early adoption was permitted. The adoption of this guidance did not have an impact on our consolidated financial statements. | ||||||||||||
In July 2013, 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. | ||||||||||||
In January 2014, FASB clarified the Receivables – Troubled Debt Restructurings by Creditors guidance regarding Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The guidance clarifies when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate property recognized. The effective date of the adoption of this guidance is for interim and annual reporting periods beginning after December 15, 2014. We do not believe the adoption of the amendment to this guidance will have a material impact on our consolidated financial statements. | ||||||||||||
Segment Reporting | ||||||||||||
The Bank acts as an independent community financial services provider and offers traditional banking and related financial services to individual consumer, business and government customers. Through its stores, the Company offers a full array of commercial and retail financial services. | ||||||||||||
Management does not separately allocate expenses, including the cost of funding loan demand, between the commercial and retail operations of the Company. As such, discrete financial information is not available and segment reporting would not be meaningful. | ||||||||||||
Reclassifications | ||||||||||||
Certain amounts in the 2012 and 2011 financial statements have been reclassified to conform to the 2013 presentation format. Such reclassifications had no impact on the Company's net operations and stockholders' equity. |
Restrictions_on_Cash_and_Due_f
Restrictions on Cash and Due from Bank Accounts | 12 Months Ended |
Dec. 31, 2013 | |
Restricted Cash and Investments [Abstract] | ' |
Restrictions on Cash and Due from Bank Accounts | ' |
Restrictions on Cash and Due from Bank Accounts | |
The Bank is required to maintain average reserves, in the form of cash and balances with the FRB, against its deposit liabilities. The average amount of these reserve balances maintained for 2013 and 2012 was approximately $4.7 million and $3.6 million, respectively.  The Company has no due from balances with institutions in excess of FDIC insurance limitations. |
Securities
Securities | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | |||||||||||||||||||||||
Securities | ' | |||||||||||||||||||||||
Securities | ||||||||||||||||||||||||
The amortized cost and fair value of securities are summarized in the following tables: | ||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||
(in thousands) | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | ||||||||||||||||||||
Available for Sale: | ||||||||||||||||||||||||
U.S. Government agency securities | $ | 33,995 | $ | — | $ | (4,069 | ) | $ | 29,926 | |||||||||||||||
Residential mortgage-backed securities | 65,795 | — | (3,295 | ) | 62,500 | |||||||||||||||||||
Agency collateralized mortgage obligations | 483,591 | 1,141 | (17,668 | ) | 467,064 | |||||||||||||||||||
Municipal securities | 27,950 | — | (1,517 | ) | 26,433 | |||||||||||||||||||
Total | $ | 611,331 | $ | 1,141 | $ | (26,549 | ) | $ | 585,923 | |||||||||||||||
Held to Maturity: | ||||||||||||||||||||||||
U.S. Government agency securities | $ | 149,096 | $ | — | $ | (16,082 | ) | $ | 133,014 | |||||||||||||||
Residential mortgage-backed securities | 7,849 | 197 | — | 8,046 | ||||||||||||||||||||
Agency collateralized mortgage obligations | 118,893 | 251 | (4,465 | ) | 114,679 | |||||||||||||||||||
Corporate debt securities | 5,000 | 149 | — | 5,149 | ||||||||||||||||||||
Municipal securities | 2,976 | — | (167 | ) | 2,809 | |||||||||||||||||||
Total | $ | 283,814 | $ | 597 | $ | (20,714 | ) | $ | 263,697 | |||||||||||||||
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 December 31, 2013 are shown in the table that follows. 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 | 5,149 | ||||||||||||||||||||
Due after five years through ten years | 48,534 | 43,963 | 70,000 | 62,854 | ||||||||||||||||||||
Due after ten years | 13,411 | 12,396 | 82,072 | 72,969 | ||||||||||||||||||||
61,945 | 56,359 | 157,072 | 140,972 | |||||||||||||||||||||
Residential mortgage-backed securities | 65,795 | 62,500 | 7,849 | 8,046 | ||||||||||||||||||||
Agency collateralized mortgage obligations | 483,591 | 467,064 | 118,893 | 114,679 | ||||||||||||||||||||
Total | $ | 611,331 | $ | 585,923 | $ | 283,814 | $ | 263,697 | ||||||||||||||||
During 2013, the Company sold a total of 28 securities with a combined fair market value of $98.5 million. The Company realized net pretax gains of $512,000. Of the total, 16 securities with a combined fair market value of $76.3 million had been classified as available for sale. Securities sold from available for sale included 14 agency collateralized mortgage obligations (CMOs) and two mortgage-backed securities (MBSs). Ten agency MBSs and one agency CMO with a combined fair market value of $12.2 million had been classified as held to maturity, however, in each case the current par value had paid down to less than 15% of its purchased par value so they could be sold without tainting the remaining held to maturity (HTM) portfolio. In addition, one corporate bond with a fair market value of $10.0 million had been classified as held to maturity but was sold within three months of its final maturity. In addition to its sales, the Company had two agency debentures called during 2013. The combined par value was $50.0 million with a net pretax gain of $152,000. | ||||||||||||||||||||||||
During 2012, the Company sold a total of 48 securities with a combined fair market value of $305.4 million. The Company realized net pretax gains of $1.1 million, with a related tax expense of $368,000. Of the total, 41 securities with a combined fair market value of $299.3 million had been classified as available for sale. Seven agency MBSs with a fair market value of $6.1 million had been classified as held to maturity, however, in each case the current par value had paid down to less than 15% of its purchased par value so they could be sold without tainting the remaining HTM portfolio. Securities sold from available for sale included eight private-label CMOs with a combined fair market value of $20.1 million. The Company no longer owns any private-label CMOs. In addition to its sales, the Company had a total of 11 agency debentures and one corporate debenture called during 2012. The combined par value was $160.3 million and the Company realized no gain or loss on the calls. | ||||||||||||||||||||||||
In 2011, the Company sold a total of 13 securities with a combined fair market value of $126.2 million. All of the securities were U.S. agency CMOs. The Company realized net pretax gains of $350,000, with related tax expense of $119,000, on the combined sales. Of this total, 12 securities with a combined fair market value of $125.3 million had been classified as available for sale. One agency MBS with a fair market value of $852,000 had been classified as held to maturity, however, its current par value had paid down to less than 9% of its purchased par value, below the 15% threshold, so it could be sold without tainting the remaining HTM portfolio. Also during 2011, the Company had three agency debentures totaling $60.0 million called at par. The bonds had a combined market value of $60.0 million and no gain or loss was realized. | ||||||||||||||||||||||||
The Company does not maintain a trading portfolio and there were no transfers of securities between the AFS and HTM portfolios. The Company uses the specific identification method to record security sales. | ||||||||||||||||||||||||
At December 31, 2013 and 2012, securities with a carrying value of $691.3 million and $713.6 million, respectively, 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 | ||||||||||||||||||||
Years Ended: | ||||||||||||||||||||||||
December 31, 2013 | $ | 1,826 | $ | (1,162 | ) | $ | — | $ | 664 | |||||||||||||||
December 31, 2012 | 2,889 | (1,838 | ) | (649 | ) | 402 | ||||||||||||||||||
December 31, 2011 | 983 | (633 | ) | (324 | ) | 26 | ||||||||||||||||||
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 only. | ||||||||||||||||||||||||
The following tables show 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: | ||||||||||||||||||||||||
December 31, 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 | $ | 8,077 | $ | (918 | ) | $ | 21,849 | $ | (3,151 | ) | $ | 29,926 | $ | (4,069 | ) | |||||||||
Residential MBSs | 62,500 | (3,295 | ) | — | — | 62,500 | (3,295 | ) | ||||||||||||||||
Agency CMOs | 363,993 | (16,182 | ) | 15,574 | (1,486 | ) | 379,567 | (17,668 | ) | |||||||||||||||
Municipal securities | 26,433 | (1,517 | ) | — | — | 26,433 | (1,517 | ) | ||||||||||||||||
Total | $ | 461,003 | $ | (21,912 | ) | $ | 37,423 | $ | (4,637 | ) | $ | 498,426 | $ | (26,549 | ) | |||||||||
Held to Maturity: | ||||||||||||||||||||||||
U.S. Government agency securities | $ | 110,435 | $ | (13,661 | ) | $ | 22,579 | $ | (2,421 | ) | $ | 133,014 | $ | (16,082 | ) | |||||||||
Agency CMOs | 98,082 | (4,465 | ) | — | — | 98,082 | (4,465 | ) | ||||||||||||||||
Municipal securities | 2,809 | (167 | ) | — | — | 2,809 | (167 | ) | ||||||||||||||||
Total | $ | 211,326 | $ | (18,293 | ) | $ | 22,579 | $ | (2,421 | ) | $ | 233,905 | $ | (20,714 | ) | |||||||||
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 primarily 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 MBSs/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 December 31, 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, 46 CMOs and 10 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 28 municipal bonds that were in an unrealized loss position as of December 31, 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 tables below rolls forward the cumulative life to date credit losses which have been recognized in earnings for the private-label CMOs previously mentioned for the years ended December 31, 2012 and 2011, respectively. The Company did not hold private-label CMOs as of December 31, 2012 and had no activity in private-label CMOs during 2013. | ||||||||||||||||||||||||
Private-label CMOs | ||||||||||||||||||||||||
 (in thousands) | Available for Sale | Held to Maturity | Total | |||||||||||||||||||||
Cumulative OTTI credit losses at January 1, 2012 | $ | 2,949 | $ | — | $ | 2,949 | ||||||||||||||||||
Additional increases for OTTI previously recognized when there is | 649 | — | 649 | |||||||||||||||||||||
   no intent to sell and no requirement to sell before recovery of | ||||||||||||||||||||||||
   amortized cost basis | ||||||||||||||||||||||||
Reduction due to credit impaired security sold | (3,598 | ) | — | (3,598 | ) | |||||||||||||||||||
Cumulative OTTI credit losses recognized for securities still held | $ | — | $ | — | $ | — | ||||||||||||||||||
   at December 31, 2012 | ||||||||||||||||||||||||
Private-label CMOs | ||||||||||||||||||||||||
 (in thousands) | Available for Sale | Held to Maturity | Total | |||||||||||||||||||||
Cumulative OTTI credit losses at January 1, 2011 | $ | 2,625 | $ | — | $ | 2,625 | ||||||||||||||||||
Additional increases for OTTI previously recognized when there is | 324 | — | 324 | |||||||||||||||||||||
   no intent to sell and no requirement to sell before recovery of | ||||||||||||||||||||||||
   amortized cost basis | ||||||||||||||||||||||||
Cumulative OTTI credit losses recognized for securities still held | $ | 2,949 | $ | — | $ | 2,949 | ||||||||||||||||||
   at December 31, 2011 | ||||||||||||||||||||||||
Loans_Receivable_and_Allowance
Loans Receivable and Allowance for Loan Losses | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 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 $510.9 million at December 31, 2013, collateralize a letter of credit and a line of credit commitment the Bank has with the FHLB. | ||||||||||||||||||||||||||||
A summary of the Bank's loans receivable at December 31, 2013 and 2012 is as follows: | ||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||
(in thousands) | 2013 | 2012 | ||||||||||||||||||||||||||
Commercial and industrial | $ | 447,144 | $ | 376,988 | ||||||||||||||||||||||||
Commercial tax-exempt | 81,734 | 92,202 | ||||||||||||||||||||||||||
Owner occupied real estate | 302,417 | 268,372 | ||||||||||||||||||||||||||
Commercial construction and land development | 133,176 | 100,399 | ||||||||||||||||||||||||||
Commercial real estate | 473,188 | 394,404 | ||||||||||||||||||||||||||
Residential | 97,766 | 83,899 | ||||||||||||||||||||||||||
Consumer | 215,447 | 212,533 | ||||||||||||||||||||||||||
1,750,872 | 1,528,797 | |||||||||||||||||||||||||||
Less: allowance for loan losses | 23,110 | 25,282 | ||||||||||||||||||||||||||
Net loans receivable | $ | 1,727,762 | $ | 1,503,515 | ||||||||||||||||||||||||
Certain directors and executive officers of the Company, including their associates and companies, have loans with the Bank. Such loans were made in the ordinary course of business at the Bank's normal credit terms including interest rates and collateralization, as those prevailing at the time for comparable loans with persons not related to the Bank and do not represent more than a normal risk of collection. Total loans to these persons and companies amounted to approximately $6.9 million and $14.2 million at December 31, 2013 and 2012, respectively. During 2013, it was determined that $5.6 million of these loans to certain companies were no longer considered related as a result of changes in ownership of the entity. New advances of $3.5 million were made and repayments totaled $5.2 million during 2013. | ||||||||||||||||||||||||||||
The following table summarizes nonaccrual loans by loan type at December 31, 2013 and 2012: | ||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||
(in thousands) | 2013 | 2012 | ||||||||||||||||||||||||||
Nonaccrual loans: | ||||||||||||||||||||||||||||
   Commercial and industrial | $ | 10,217 | $ | 11,289 | ||||||||||||||||||||||||
   Commercial tax-exempt | — | — | ||||||||||||||||||||||||||
   Owner occupied real estate | 4,838 | 3,119 | ||||||||||||||||||||||||||
   Commercial construction and land development | 8,587 | 6,300 | ||||||||||||||||||||||||||
   Commercial real estate | 6,705 | 5,659 | ||||||||||||||||||||||||||
   Residential | 7,039 | 3,203 | ||||||||||||||||||||||||||
   Consumer | 2,577 | 2,846 | ||||||||||||||||||||||||||
Total nonaccrual loans | $ | 39,963 | $ | 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 Company does not believe it will collect all of the contractual 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 in accordance with its contractual terms. 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. Therefore, the total nonaccrual loan balance of $40.0 million exceeds the balance of total loans that are 90 days past due of $21.7 million at December 31, 2013, as presented in the aging analysis tables that follow. | ||||||||||||||||||||||||||||
No additional funds were committed on nonaccrual loans including restructured loans that were nonaccruing. Typically, commitments are canceled and no additional advances are made when a loan is placed on nonaccrual. | ||||||||||||||||||||||||||||
The following table is an age analysis of past due loan receivables as of December 31, 2013 and 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 | ||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||
Commercial and industrial | $ | 438,522 | $ | 1,830 | $ | 1,041 | $ | 5,751 | $ | 8,622 | $ | 447,144 | $ | 17 | ||||||||||||||
Commercial tax-exempt | 81,734 | — | — | — | — | 81,734 | — | |||||||||||||||||||||
Owner occupied real estate | 295,278 | 2,618 | 1,674 | 2,847 | 7,139 | 302,417 | — | |||||||||||||||||||||
Commercial construction and | 124,240 | 3,355 | 342 | 5,239 | 8,936 | 133,176 | — | |||||||||||||||||||||
land development | ||||||||||||||||||||||||||||
Commercial real estate | 465,765 | 2,142 | 444 | 4,837 | 7,423 | 473,188 | 235 | |||||||||||||||||||||
Residential | 85,352 | 4,194 | 6,304 | 1,916 | 12,414 | 97,766 | 117 | |||||||||||||||||||||
Consumer | 210,906 | 2,095 | 1,335 | 1,111 | 4,541 | 215,447 | — | |||||||||||||||||||||
Total | $ | 1,701,797 | $ | 16,234 | $ | 11,140 | $ | 21,701 | $ | 49,075 | $ | 1,750,872 | $ | 369 | ||||||||||||||
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 | ||||||||||||||
A summary of the ALL and balance of loans receivable by loan class and by impairment method as of December 31, 2013 and 2012 is detailed in the tables that follow. | ||||||||||||||||||||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. constr. | Comm. real estate | Resi-dential | Con-sumer | Unallo-cated | Total | |||||||||||||||||||
and land devel-opment | ||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||||
Individually evaluated | $ | 1,559 | $ | — | $ | 1,366 | $ | 1,660 | $ | — | $ | 524 | $ | 476 | $ | — | $ | 5,585 | ||||||||||
for impairment | ||||||||||||||||||||||||||||
Collectively evaluated | 6,619 | 72 | 814 | 3,899 | 4,161 | 436 | 827 | 697 | 17,525 | |||||||||||||||||||
for impairment | ||||||||||||||||||||||||||||
Total ALL | $ | 8,178 | $ | 72 | $ | 2,180 | $ | 5,559 | $ | 4,161 | $ | 960 | $ | 1,303 | $ | 697 | $ | 23,110 | ||||||||||
Loans receivable: | ||||||||||||||||||||||||||||
Loans evaluated | $ | 13,055 | $ | — | $ | 5,822 | $ | 11,669 | $ | 10,953 | $ | 7,979 | $ | 3,121 | $ | — | $ | 52,599 | ||||||||||
  individually | ||||||||||||||||||||||||||||
Loans evaluated | 434,089 | 81,734 | 296,595 | 121,507 | 462,235 | 89,787 | 212,326 | — | 1,698,273 | |||||||||||||||||||
  collectively | ||||||||||||||||||||||||||||
Total loans receivable | $ | 447,144 | $ | 81,734 | $ | 302,417 | $ | 133,176 | $ | 473,188 | $ | 97,766 | $ | 215,447 | $ | — | $ | 1,750,872 | ||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. constr. and land devel-opment | Comm. real estate | Resi-dential | Con-sumer | Unallo-cated | Total | |||||||||||||||||||
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 factors. | ||||||||||||||||||||||||||||
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 years ended December 31, 2013, 2012 and 2011: | ||||||||||||||||||||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. construction and land development | Comm. real estate | Resi-dential | Consumer | Unallo-cated | 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 | 524 | (11 | ) | 343 | 691 | 2,951 | 958 | 1,511 | (92 | ) | 6,875 | |||||||||||||||||
Recoveries of loans previously charged-off | 1,122 | — | 3 | 490 | — | 10 | 76 | — | 1,701 | |||||||||||||||||||
Loans charged-off | (3,427 | ) | — | (295 | ) | (2,844 | ) | (2,773 | ) | (332 | ) | (1,077 | ) | — | (10,748 | ) | ||||||||||||
Balance at December 31 | $ | 8,178 | $ | 72 | $ | 2,180 | $ | 5,559 | $ | 4,161 | $ | 960 | $ | 1,303 | $ | 697 | $ | 23,110 | ||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. construction and land development | Comm. real estate | Resi-dential | Consumer | Unallo-cated | Total | |||||||||||||||||||
2012 | ||||||||||||||||||||||||||||
Balance at January 1 | $ | 8,400 | $ | 79 | $ | 729 | $ | 7,840 | $ | 3,241 | $ | 435 | $ | 831 | $ | 65 | $ | 21,620 | ||||||||||
Provision charged to operating expenses | 3,634 | 4 | 2,165 | 243 | 2,498 | 193 | 639 | 724 | 10,100 | |||||||||||||||||||
Recoveries of loans previously charged-off | 227 | — | 7 | 517 | 97 | 4 | 67 | — | 919 | |||||||||||||||||||
Loans charged-off | (2,302 | ) | — | (772 | ) | (1,378 | ) | (1,853 | ) | (308 | ) | (744 | ) | — | (7,357 | ) | ||||||||||||
Balance at December 31 | $ | 9,959 | $ | 83 | $ | 2,129 | $ | 7,222 | $ | 3,983 | $ | 324 | $ | 793 | $ | 789 | $ | 25,282 | ||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. construction and land development | Comm. real estate | Resi-dential | Consumer | Unallo-cated | Total | |||||||||||||||||||
2011 | ||||||||||||||||||||||||||||
Balance at January 1 | $ | 9,679 | $ | 86 | $ | 910 | $ | 5,420 | $ | 4,002 | $ | 442 | $ | 702 | $ | 377 | $ | 21,618 | ||||||||||
Provision charged to operating expenses | 6,510 | (7 | ) | 13 | 13,038 | 76 | 113 | 1,161 | (312 | ) | 20,592 | |||||||||||||||||
Recoveries of loans previously charged-off | 156 | — | 60 | 11 | 15 | 68 | 135 | — | 445 | |||||||||||||||||||
Loans charged-off | (7,945 | ) | — | (254 | ) | (10,629 | ) | (852 | ) | (188 | ) | (1,167 | ) | — | (21,035 | ) | ||||||||||||
Balance at December 31 | $ | 8,400 | $ | 79 | $ | 729 | $ | 7,840 | $ | 3,241 | $ | 435 | $ | 831 | $ | 65 | $ | 21,620 | ||||||||||
The following table presents information regarding the Company's impaired loans as of December 31, 2013 and 2012: | ||||||||||||||||||||||||||||
December 31, 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 | $ | 9,838 | $ | 12,587 | $ | — | $ | 7,426 | $ | 11,746 | $ | — | ||||||||||||||||
   Commercial tax-exempt | — | — | — | — | — | — | ||||||||||||||||||||||
   Owner occupied real estate | 4,456 | 4,664 | — | 1,929 | 2,301 | — | ||||||||||||||||||||||
   Commercial construction and land | 8,514 | 9,047 | — | 7,716 | 8,500 | — | ||||||||||||||||||||||
development | ||||||||||||||||||||||||||||
   Commercial real estate | 10,953 | 12,795 | — | 12,965 | 14,619 | — | ||||||||||||||||||||||
   Residential | 4,901 | 5,366 | — | 4,163 | 4,423 | — | ||||||||||||||||||||||
   Consumer | 2,645 | 2,868 | — | 3,331 | 3,547 | — | ||||||||||||||||||||||
Total impaired loans with no related | 41,307 | 47,327 | — | 37,530 | 45,136 | — | ||||||||||||||||||||||
allowance | ||||||||||||||||||||||||||||
Loans with an allowance recorded: | ||||||||||||||||||||||||||||
   Commercial and industrial | 3,217 | 3,217 | 1,559 | 5,656 | 6,526 | 2,399 | ||||||||||||||||||||||
   Owner occupied real estate | 1,366 | 1,366 | 1,366 | 1,451 | 1,451 | 1,451 | ||||||||||||||||||||||
   Commercial construction and land | 3,155 | 3,155 | 1,660 | 7,833 | 7,833 | 2,470 | ||||||||||||||||||||||
development | ||||||||||||||||||||||||||||
   Commercial real estate | — | — | — | 4,171 | 4,172 | 800 | ||||||||||||||||||||||
   Residential | 3,078 | 3,078 | 524 | — | — | — | ||||||||||||||||||||||
   Consumer | 476 | 476 | 476 | — | — | — | ||||||||||||||||||||||
Total impaired loans with an | 11,292 | 11,292 | 5,585 | 19,111 | 19,982 | 7,120 | ||||||||||||||||||||||
allowance recorded | ||||||||||||||||||||||||||||
Total impaired loans: | ||||||||||||||||||||||||||||
   Commercial and industrial | 13,055 | 15,804 | 1,559 | 13,082 | 18,272 | 2,399 | ||||||||||||||||||||||
   Commercial tax-exempt | — | — | — | — | — | — | ||||||||||||||||||||||
   Owner occupied real estate | 5,822 | 6,030 | 1,366 | 3,380 | 3,752 | 1,451 | ||||||||||||||||||||||
   Commercial construction and land | 11,669 | 12,202 | 1,660 | 15,549 | 16,333 | 2,470 | ||||||||||||||||||||||
development | ||||||||||||||||||||||||||||
   Commercial real estate | 10,953 | 12,795 | — | 17,136 | 18,791 | 800 | ||||||||||||||||||||||
   Residential | 7,979 | 8,444 | 524 | 4,163 | 4,423 | — | ||||||||||||||||||||||
   Consumer | 3,121 | 3,344 | 476 | 3,331 | 3,547 | — | ||||||||||||||||||||||
Total impaired loans | $ | 52,599 | $ | 58,619 | $ | 5,585 | $ | 56,641 | $ | 65,118 | $ | 7,120 | ||||||||||||||||
The following table presents additional information regarding the Company's impaired loans for the twelve months ended December 31, 2013, 2012 and 2011: | ||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | December 31, 2011 | ||||||||||||||||||||||||||
(in thousands) | 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 | $ | 9,461 | $ | 164 | $ | 11,567 | $ | 171 | $ | 12,901 | $ | 141 | ||||||||||||||||
   Commercial tax-exempt | — | — | — | — | — | — | ||||||||||||||||||||||
   Owner occupied real estate | 3,087 | 3 | 3,846 | 150 | 5,333 | 191 | ||||||||||||||||||||||
   Commercial construction and | 7,122 | 172 | 10,319 | 510 | 11,803 | 231 | ||||||||||||||||||||||
     land development | ||||||||||||||||||||||||||||
   Commercial real estate | 15,267 | 366 | 12,434 | 319 | 9,500 | 192 | ||||||||||||||||||||||
   Residential | 5,020 | 64 | 3,994 | 43 | 3,557 | 6 | ||||||||||||||||||||||
   Consumer | 3,024 | 30 | 2,539 | 18 | 1,945 | — | ||||||||||||||||||||||
Total impaired loans with no | 42,981 | 799 | 44,699 | 1,211 | 45,039 | 761 | ||||||||||||||||||||||
  related allowance | ||||||||||||||||||||||||||||
Loans with an allowance recorded: | ||||||||||||||||||||||||||||
   Commercial and industrial | 4,563 | — | 5,258 | — | 7,974 | — | ||||||||||||||||||||||
   Owner occupied real estate | 1,407 | — | 1,571 | — | 453 | — | ||||||||||||||||||||||
   Commercial construction and | 7,926 | — | 11,375 | — | 4,637 | — | ||||||||||||||||||||||
     land development | ||||||||||||||||||||||||||||
   Commercial real estate | — | — | 655 | — | — | — | ||||||||||||||||||||||
   Residential | 1,805 | — | — | — | — | — | ||||||||||||||||||||||
   Consumer | 280 | — | — | — | — | — | ||||||||||||||||||||||
Total impaired loans with an | 15,981 | — | 18,859 | — | 13,064 | — | ||||||||||||||||||||||
  allowance recorded | ||||||||||||||||||||||||||||
Total impaired loans: | ||||||||||||||||||||||||||||
   Commercial and industrial | 14,024 | 164 | 16,825 | 171 | 20,875 | 141 | ||||||||||||||||||||||
   Commercial tax-exempt | — | — | — | — | — | — | ||||||||||||||||||||||
   Owner occupied real estate | 4,494 | 3 | 5,417 | 150 | 5,786 | 191 | ||||||||||||||||||||||
   Commercial construction and | 15,048 | 172 | 21,694 | 510 | 16,440 | 231 | ||||||||||||||||||||||
     land development | ||||||||||||||||||||||||||||
   Commercial real estate | 15,267 | 366 | 13,089 | 319 | 9,500 | 192 | ||||||||||||||||||||||
   Residential | 6,825 | 64 | 3,994 | 43 | 3,557 | 6 | ||||||||||||||||||||||
   Consumer | 3,304 | 30 | 2,539 | 18 | 1,945 | — | ||||||||||||||||||||||
Total impaired loans | $ | 58,962 | $ | 799 | $ | 63,558 | $ | 1,211 | $ | 58,103 | $ | 761 | ||||||||||||||||
Impaired loans averaged approximately $59.0 million, $63.6 million and $58.1 million during 2013, 2012 and 2011, 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 impaired loans that were still accruing and totaled $799,000, $1.2 million and $761,000 during 2013, 2012 and 2011, respectively. | ||||||||||||||||||||||||||||
The Bank assigns loan risk ratings to commercial loans as credit quality indicators of its loan portfolio: pass, special mention, substandard accrual, substandard nonaccrual and doubtful. Monthly, we track 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 years ended December 31, 2013 and 2012. There were no loans classified as doubtful for the years ended December 31, 2013 or December 31, 2012. | ||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||
(in thousands) | Pass | Special Mention | Substandard Accrual | Substandard Nonaccrual | Doubtful | Total | ||||||||||||||||||||||
Commercial credit exposure: | ||||||||||||||||||||||||||||
   Commercial and industrial | $ | 410,530 | $ | 8,064 | $ | 18,333 | $ | 10,217 | $ | — | $ | 447,144 | ||||||||||||||||
   Commercial tax-exempt | 81,734 | — | — | — | — | 81,734 | ||||||||||||||||||||||
   Owner occupied real estate | 285,416 | 3,624 | 8,539 | 4,838 | — | 302,417 | ||||||||||||||||||||||
   Commercial construction and land development | 120,687 | — | 3,902 | 8,587 | — | 133,176 | ||||||||||||||||||||||
   Commercial real estate | 464,408 | 318 | 1,757 | 6,705 | — | 473,188 | ||||||||||||||||||||||
     Total | $ | 1,362,775 | $ | 12,006 | $ | 32,531 | $ | 30,347 | $ | — | $ | 1,437,659 | ||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||
(in thousands) | Pass | Special Mention | Substandard Accrual | Substandard Nonaccrual | Doubtful | 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 credit exposures are rated as performing or nonperforming as detailed below at December 31, 2013 and 2012: | ||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||
(in thousands) | Performing | Nonperforming | Total | |||||||||||||||||||||||||
Consumer credit exposure: | ||||||||||||||||||||||||||||
   Residential | $ | 90,727 | $ | 7,039 | $ | 97,766 | ||||||||||||||||||||||
   Consumer | 212,870 | 2,577 | 215,447 | |||||||||||||||||||||||||
     Total | $ | 303,597 | $ | 9,616 | $ | 313,213 | ||||||||||||||||||||||
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 troubled debt restructuring is a loan in 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 twelve month periods ended December 31, 2013, 2012 and 2011. 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: | Twelve Months Ended | |||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | December 31, 2011 | ||||||||||||||||||||||||||
(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 | ||||||||||||||||||||||
Commercial and industrial: | ||||||||||||||||||||||||||||
   Material extension of time | — | $ | — | 1 | $ | 1,262 | 2 | $ | 629 | |||||||||||||||||||
   Forbearance agreement | — | — | — | — | 4 | 12,456 | ||||||||||||||||||||||
   Interest rate adjustment | — | — | 1 | 3,404 | — | — | ||||||||||||||||||||||
   Change in amortization period | 7 | 1,079 | — | — | 4 | 405 | ||||||||||||||||||||||
   Combination of concessions | 3 | 749 | 2 | 3,231 | — | — | ||||||||||||||||||||||
Owner occupied real estate: | ||||||||||||||||||||||||||||
   Material extension of time | 2 | 738 | — | — | — | — | ||||||||||||||||||||||
   Forbearance agreement | 1 | 193 | — | — | 1 | 87 | ||||||||||||||||||||||
   Combination of concessions | — | — | 1 | 1,451 | — | — | ||||||||||||||||||||||
Commercial construction and land development: | ||||||||||||||||||||||||||||
   Material extension of time | 4 | 2,738 | 5 | 3,396 | 16 | 10,932 | ||||||||||||||||||||||
   Forbearance agreement | — | — | — | — | 1 | 231 | ||||||||||||||||||||||
   Combination of concessions | — | — | 1 | 3,546 | — | — | ||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||
   Material extension of time | — | — | 1 | 68 | — | — | ||||||||||||||||||||||
   Forbearance agreement | — | — | — | — | 1 | 93 | ||||||||||||||||||||||
   Interest rate adjustment | — | — | — | — | 1 | 1,194 | ||||||||||||||||||||||
   Change in amortization period | — | — | — | — | 3 | 3,081 | ||||||||||||||||||||||
   Combination of concessions | 4 | 6,220 | 1 | 3,275 | — | — | ||||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||
   Material extension of time | 2 | 570 | 2 | 329 | — | — | ||||||||||||||||||||||
   Forbearance agreement | 1 | 3,096 | — | — | — | — | ||||||||||||||||||||||
   Interest rate adjustment | — | — | — | — | 1 | 195 | ||||||||||||||||||||||
   Change in amortization period | 1 | 346 | — | — | 1 | 355 | ||||||||||||||||||||||
   Combination of concessions | 1 | 134 | 1 | 195 | 1 | 78 | ||||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||
   Material extension of time | 1 | 35 | 4 | 426 | — | — | ||||||||||||||||||||||
   Forbearance agreement | 1 | 480 | — | — | — | — | ||||||||||||||||||||||
   Combination of concessions | — | — | 2 | 182 | — | — | ||||||||||||||||||||||
Total | 28 | $ | 16,378 | 22 | $ | 20,765 | 36 | $ | 29,736 | |||||||||||||||||||
Included in the 28 contracts in the table above for the twelve month period ended December 31, 2013, are eight contracts totaling $8.7 million that had been restructured prior to December 31, 2013 and which had additional concessions granted during 2013. | ||||||||||||||||||||||||||||
One commercial construction and land development loan identified as an accruing TDR had an unused commitment totaling $43,000 at December 31, 2013 as compared to two commercial construction and land development relationships identified as accruing TDRs that had additional unused commitments totaling $14,000 at December 31, 2012. | ||||||||||||||||||||||||||||
The following table represents loans receivable modified as TDRs within the 12 months previous to December 31, 2013, 2012 and 2011, respectively, and that subsequently defaulted during the 12 month periods ended December 31, 2013, 2012 and 2011, 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: | Twelve Months Ended | |||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | December 31, 2011 | ||||||||||||||||||||||||||
(dollars in thousands) | Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | ||||||||||||||||||||||
   Commercial and industrial | 8 | $ | 1,372 | 3 | $ | 3,901 | 4 | $ | 5,531 | |||||||||||||||||||
   Owner occupied real estate | 3 | 926 | — | — | — | — | ||||||||||||||||||||||
   Commercial construction | 2 | 2,288 | 6 | 6,169 | 11 | 9,162 | ||||||||||||||||||||||
     and land development | ||||||||||||||||||||||||||||
   Commercial real estate | 1 | 3,275 | 1 | 66 | 2 | 747 | ||||||||||||||||||||||
   Residential | 2 | 3,338 | 2 | 258 | 3 | 617 | ||||||||||||||||||||||
   Consumer | 2 | 553 | 4 | 308 | — | — | ||||||||||||||||||||||
Total | 18 | $ | 11,752 | 16 | $ | 10,702 | 20 | $ | 16,057 | |||||||||||||||||||
Of the 18 contracts that subsequently payment defaulted during the year ended December 31, 2013, 17 contracts totaling $11.1 million were still in payment default at December 31, 2013. Five of the 17 contracts, totaling $5.4 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 | 12 Months Ended | ||||||
Dec. 31, 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 underwriting and 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 December 31, 2013. The amount of the liability for guarantees under standby letters of credit issued was $48,000 as of December 31, 2012. | |||||||
In addition to standby letters of credit, in the normal course of business there are unadvanced loan commitments. At December 31, 2013, the Company had $561.0 million in total unused commitments, including the standby letters of credit. Management does not anticipate any material losses as a result of these transactions. | |||||||
The Company's maximum exposure to credit loss for loan commitments (unfunded loans and unused lines of credit, including home equity lines of credit) and standby letters of credit outstanding were as follows: | |||||||
December 31, | |||||||
(in thousands) | 2013 | 2012 | |||||
Unfunded commitments of existing commercial loans | $ | 385,674 | $ | 308,721 | |||
Unfunded commitments of existing consumer/residential loans | 106,024 | 98,903 | |||||
Standby letters of credit | 37,217 | 34,052 | |||||
Commitments to grant loans | 32,077 | 4,862 | |||||
Total | $ | 560,992 | $ | 446,538 | |||
Concentrations_of_Credit_Risk
Concentrations of Credit Risk | 12 Months Ended |
Dec. 31, 2013 | |
Risks and Uncertainties [Abstract] | ' |
Concentrations of Credit Risk | ' |
Concentrations of Credit Risk | |
The Company's loan portfolio is principally to borrowers throughout Cumberland, Dauphin, York, Lebanon, Lancaster and Berks counties of Pennsylvania where it has full-service stores. Commercial real estate loans and loan commitments for commercial real estate projects aggregated $697.9 million at December 31, 2013. Owner occupied real estate loans and loan commitments for commercial properties aggregated $320.0 million at December 31, 2013. | |
Commercial real estate loans are collateralized by the related project (principally multi-family residential, office building, lodging, land development and other properties) and typically require owner guarantees. Maximum terms and maximum advance rates are established according to our underwriting guidelines based on our assessment of the overall risk of the project being financed. |
Premises_Equipment_and_Leases
Premises, Equipment and Leases | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Property, Plant and Equipment [Abstract] | ' | ||||||
Premises, Equipment and Leases | ' | ||||||
Premises, Equipment and Leases | |||||||
Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization expense for 2013, 2012 and 2011 was $5.2 million, $5.8 million and $6.5 million, respectively, and is computed on the straight-line method over the estimated useful lives of the related assets or the term of the lease, whichever is shorter, as listed in the table below. The estimated life for leasehold improvements is based on the shorter of the useful life or the lease term. | |||||||
Years | |||||||
Buildings and leasehold improvements | Jan-40 | ||||||
Furniture, fixtures and equipment | 10-Feb | ||||||
A summary of premises and equipment is as follows: | |||||||
December 31, | |||||||
(in thousands) | 2013 | 2012 | |||||
Land | $ | 16,736 | $ | 16,736 | |||
Buildings | 67,394 | 67,047 | |||||
Construction in process | 990 | 1,199 | |||||
Leasehold improvements | 2,679 | 2,677 | |||||
Furniture, fixtures and equipment | 34,586 | 32,938 | |||||
122,385 | 120,597 | ||||||
Less accumulated depreciation and amortization | 46,602 | 41,809 | |||||
Total | $ | 75,783 | $ | 78,788 | |||
Land, buildings and equipment are leased under noncancelable operating lease agreements that expire at various dates through 2032. Total rental expense for operating leases in 2013, 2012 and 2011 was $3.0 million, $2.9 million and $3.1 million, respectively. At December 31, 2013 future minimum lease payments for noncancelable operating leases are payable as follows: | |||||||
(in thousands) | |||||||
2014 | $ | 2,578 | |||||
2015 | 2,360 | ||||||
2016 | 2,212 | ||||||
2017 | 2,023 | ||||||
2018 | 1,970 | ||||||
Thereafter | 15,076 | ||||||
Total minimum lease payments | $ | 26,219 | |||||
Deposits
Deposits | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Deposits [Abstract] | ' | ||||||
Deposits | ' | ||||||
Deposits | |||||||
The composition of the Bank's deposits at December 31, 2013 and 2012 is as follows: | |||||||
December 31, | |||||||
(in thousands) | 2013 | 2012 | |||||
Noninterest-bearing demand | $ | 443,287 | $ | 455,000 | |||
Interest checking and money market | 1,110,568 | 1,133,765 | |||||
Savings | 496,495 | 444,976 | |||||
Time certificates of $100,000 or more | 105,620 | 103,980 | |||||
Other time certificates | 83,651 | 93,570 | |||||
Total | $ | 2,239,621 | $ | 2,231,291 | |||
At December 31, 2013, the scheduled maturities of time deposits are as follows: | |||||||
(in thousands) | |||||||
2014 | $ | 136,723 | |||||
2015 | 20,503 | ||||||
2016 | 4,951 | ||||||
2017 | 4,205 | ||||||
2018 | 22,889 | ||||||
Total | $ | 189,271 | |||||
Shortterm_Borrowings
Short-term Borrowings | 12 Months Ended |
Dec. 31, 2013 | |
Debt Disclosure [Abstract] | ' |
Short-term Borrowings | ' |
Short-term Borrowings | |
Short-term borrowings consist of one borrowing facility. The Bank has a line of credit commitment from the FHLB for borrowings and letters of credit up to $687.5 million and certain qualifying assets of the Bank collateralize the line. There was $277.8 million outstanding with a weighted-average interest rate of 0.24% at December 31, 2013 and $113.2 million outstanding with a weighted-average interest rate of 0.22% at December 31, 2012 on this line of credit. In addition there was $75.1 million and $35.1 million of letters of credit outstanding at December 31, 2013 and December 31, 2012, respectively. At December 31, 2013, $510.9 million of loans collateralized the outstanding balance and the letters of credit. In addition, the Bank has available a $15.0 million federal funds line of credit with one correspondent bank and a $20.0 million federal funds line of credit with another correspondent bank. As of December 31, 2013 and 2012, the outstanding balance on both of these lines was $0 . |
Longterm_Debt
Long-term Debt | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Debt Disclosure [Abstract] | ' | |||
Long-term Debt | ' | |||
Long-term Debt | ||||
On June 15, 2000, the Company issued $5.0 million of 11% fixed rate Trust Capital Securities through Trust I, a Delaware business trust subsidiary. The Trust Capital Securities evidenced a preferred ownership interest in the Trust, of which the Company owned 100% of the common equity. During the fourth quarter of 2011, the Company repurchased and retired the $5.0 million of Trust Capital Securities and incurred a $75,000 early repayment charge. | ||||
On September 28, 2001, the Company issued $8.0 million of 10% fixed rate Trust Capital Securities through Trust II, a Delaware business trust subsidiary. The Trust Capital Securities evidenced a preferred ownership interest in Trust II of which the Company owned 100% of the common equity. During the fourth quarter of 2012, the Company repurchased and retired the $8.0 million of Trust Capital Securities and incurred a $140,000 early repayment charge. | ||||
On September 29, 2006, the Company issued $15.0 million of 7.75% fixed rate Trust Capital Securities through Trust III, a Delaware business trust subsidiary. The issuance of the Trust Capital Securities has similar properties as Trust II. The Trust Capital Securities evidence a preferred ownership interest in Trust III of which the Company owns 100% of the common equity. The proceeds from the issuance of the Trust Capital Securities were invested in substantially similar Junior Subordinated Debt of the Company. The Company unconditionally guarantees the Trust Capital Securities. Interest on the debt is payable quarterly in arrears on March 31, June 30, September 30 and December 31 of each year. The Trust Capital Securities are scheduled to mature on September 29, 2036. The Trust Capital Securities may be redeemed in whole or in part at the option of the Company at 100% of the principal plus accrued interest, if any. All $15.0 million of the Trust Capital Securities qualifies as Tier 1 capital for regulatory capital purposes. | ||||
The Company had a $25.0 million FHLB fixed borrowing with an interest rate of 1.01% which matured March 18, 2013. There was $25.0 million outstanding on this borrowing at December 31, 2012 which was collateralized by $42.2 million of loans of the Bank. | ||||
The remaining $800,000 in long-term debt represents the Company's ownership interest in the one remaining nonbank subsidiary Trust. | ||||
The scheduled maturities for long-term debt over the next five years and thereafter are as follows: | ||||
(in thousands) | ||||
2014-2018 | $ | — | ||
Thereafter | 15,800 | |||
Total | $ | 15,800 | ||
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||
Income Taxes | ' | |||||||||
Income Taxes | ||||||||||
A reconciliation of the provision (benefit) for income taxes and the amount that would have been provided at statutory rates is as follows: | ||||||||||
Years Ended December 31, | ||||||||||
(in thousands) | 2013 | 2012 | 2011 | |||||||
Provision (benefit) at statutory rate on pretax income (loss) | $ | 8,601 | $ | 5,533 | $ | (392 | ) | |||
Tax-exempt income on loans and investments | (1,498 | ) | (1,390 | ) | (1,314 | ) | ||||
Stock-based compensation | 162 | 203 | 222 | |||||||
Civil money penalty | — | 525 | — | |||||||
Other | 51 | 43 | 40 | |||||||
Total | $ | 7,316 | $ | 4,914 | $ | (1,444 | ) | |||
The statutory tax rate used to calculate the provision in 2013 and 2012 was 35%, and used to calculate the benefit in 2011 was 34%. | ||||||||||
The components of income tax expense (benefit) are as follows:Â | ||||||||||
Years Ended December 31, | ||||||||||
(in thousands) | 2013 | 2012 | 2011 | |||||||
Current expense | $ | 7,179 | $ | 4,796 | $ | 67 | ||||
Deferred expense (benefit) | 137 | 118 | (1,511 | ) | ||||||
Total | $ | 7,316 | $ | 4,914 | $ | (1,444 | ) | |||
The components of the net deferred tax asset were as follows: | ||||||||||
December 31, | ||||||||||
(in thousands) | 2013 | 2012 | ||||||||
Deferred tax assets: | ||||||||||
Allowance for loan losses | $ | 8,089 | $ | 8,596 | ||||||
Unrealized losses on securities | 8,893 | — | ||||||||
Stock-based compensation | 1,295 | 1,094 | ||||||||
Nonaccrual interest | 1,330 | 1,605 | ||||||||
Other | 902 | 447 | ||||||||
Total deferred tax assets | 20,509 | 11,742 | ||||||||
Deferred tax liabilities: | ||||||||||
Premises and equipment | (3,599 | ) | (3,762 | ) | ||||||
Unrealized gains on securities | — | (3,730 | ) | |||||||
Prepaid expenses | (353 | ) | (254 | ) | ||||||
Deferred loan fees | (1,046 | ) | (971 | ) | ||||||
Total deferred tax liabilities | (4,998 | ) | (8,717 | ) | ||||||
Net deferred tax asset | $ | 15,511 | $ | 3,025 | ||||||
At December 31, 2013, the Company had a net deferred tax asset of $15.5 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 in previous years to make the assessment. Management concluded that a valuation allowance was not necessary at December 31, 2013. | ||||||||||
Tax expense of $232,000, $368,000 and $119,000 was recognized on net securities gains during 2013, 2012 and 2011, respectively. The Company received a tax benefit on its federal income tax return totaling $51,000 for 2013 related to the exercise of nonqualified stock options and disqualified dispositions of employee stock from options exercised. It did not receive such a tax benefit during 2012 or 2011. The Company, or one of its subsidiaries, files income tax returns in the U.S. Federal jurisdiction and various states. The Company is no longer subject to U.S. Federal, state and local examinations by tax authorities for years before 2010. |
Stockholders_Equity
Stockholders' Equity | 12 Months Ended |
Dec. 31, 2013 | |
Equity [Abstract] | ' |
Stockholders' Equity | ' |
Stockholders' Equity | |
At December 31, 2013 and 2012 40,000 shares of the Company's Series A $10 par value noncumulative nonvoting preferred stock was issued and outstanding. The preferred stock is redeemable at the option of the Company at the price of $25 per share plus any unpaid dividends. Dividends on the preferred stock are payable quarterly at a rate of $2 per share per annum. | |
The Company has a dividend reinvestment and stock purchase plan (the Plan). Holders of the Company's common stock may participate in the Plan in which reinvested dividends and voluntary cash payments of not less than $100 per month and not more than $10,000 per month may be reinvested in additional common shares. Officers are eligible to participate immediately and employees who have been continuously employed for at least one year are also eligible to participate in the Plan. The minimum investment is $25 per month for employees and $50 for officers with a maximum of $10,000 per month. Prior to January 1, 2012 the maximum monthly purchase amount was $25,000. A total of 2,311, 5,917 and 376,962 common shares were issued pursuant to this Plan in 2013, 2012 and 2011, respectively. At December 31, 2013, the Company had reserved approximately 513,000 common shares to be issued in connection with the Plan. | |
On August 6, 2009, Metro filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC) which allowed the Company, from time to time, to offer and sell up to a total aggregate of $250.0 million of common stock, preferred stock, debt securities, or warrants, either separately or together in any combination. The Company subsequently completed a stock offering, including a 10% over-allotment, of 6.875 million shares with total net proceeds of $77.8 million in September 2009. The shelf registration statement also registered trust preferred securities. The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) excludes from regulatory capital trust preferred securities issued after May 19, 2010. Consequently, Metro has no plans to issue additional trust preferred securities. While Metro has always been well-capitalized under federal regulatory guidelines, the shelf registration better positioned the Company to take advantage of potential opportunities for growth and to address current economic conditions. See the table for risk-based and leverage capital amounts and ratios in Note 15. |
Earnings_per_Share
Earnings per Share | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||||||||||
Earnings per Share | ' | ||||||||||||||||||||||||
Earnings per Share | |||||||||||||||||||||||||
The following table sets forth the computation of basic and diluted earnings per share: | |||||||||||||||||||||||||
For the Years Ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
(in thousands, except per share amounts) | Income | Weighted-average Shares | Per Share | Income | Weighted-average Shares | Per Share | Income | Weighted-average Shares | Per Share | ||||||||||||||||
Amount | Amount | Amount | |||||||||||||||||||||||
Basic earnings per share: | |||||||||||||||||||||||||
Net income | $ | 17,260 | $ | 10,894 | $ | 289 | |||||||||||||||||||
Preferred stock dividends | (80 | ) | (80 | ) | (80 | ) | |||||||||||||||||||
Income available to | 17,180 | 14,142 | $ | 1.21 | 10,814 | 14,128 | $ | 0.77 | 209 | 13,919 | $ | 0.02 | |||||||||||||
common stockholders | |||||||||||||||||||||||||
Effect of dilutive securities: | |||||||||||||||||||||||||
Stock options | 148 | — | — | ||||||||||||||||||||||
Diluted earnings per share: | |||||||||||||||||||||||||
Income available to | $ | 17,180 | 14,290 | $ | 1.2 | $ | 10,814 | 14,128 | $ | 0.77 | $ | 209 | 13,919 | $ | 0.02 | ||||||||||
 common stockholders plus | |||||||||||||||||||||||||
assumed conversions | |||||||||||||||||||||||||
There were 603,813 options that were excluded from the computation of diluted earnings per share for the year ended December 31, 2013. For the year ended December 31, 2012 there were 1,273,731 options excluded from the computation of diluted earnings per share and there were 1,076,067 options excluded from the computation of diluted loss per share for the year ended December 31, 2011. These options were excluded because of their anti-dilutive impact. |
Stock_Option_Plans
Stock Option Plans | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||
Stock Option Plans | ' | |||||||||||||||
Stock Option Plans | ||||||||||||||||
In 2005, the board of directors adopted and the Company's stockholders approved the adoption of the 2006 Employee Stock Option Plan (the Plan) for the officers and employees of the Company. The Plan commenced January 1, 2006 and replaced the 1996 Employee Stock Option Plan, which expired December 31, 2005. The Plan covers 1,000,000 authorized shares of common stock reserved for issuance upon the exercise of options granted or available for grant to employees and will expire on December 31, 2015. The Plan provides that the option price of qualified incentive stock options will be fixed by the board of directors, but will not be less than 100% of the fair market value of the stock at the date of grant. In addition, the Plan provides that the option price of nonqualified stock options (NQSO's) also will be fixed by the board of directors, however for NQSO's the option price may be less than 100% of the fair market value of the stock at the date of grant. Options granted are exercisable one year after the grant date, will vest over a four-year period and expire ten years after the grant date. | ||||||||||||||||
In 2000, the board of directors adopted and the Company's stockholders approved the adoption of the 2001 Directors' Stock Option Plan(the Directors' Plan). The Directors' Plan commenced January 1, 2001 and replaced the 1990 Directors' Stock Option Plan, which expired December 31, 2000. The stock Plan covered 343,100 authorized shares of common stock reserved for issuance upon exercise of options granted or available for grant to nonemployee directors and expired on December 31, 2010. In 2010, the Company's stockholders approved the adoption of the 2011 Directors' Stock Option Plan (the Directors Plan). The Directors' Plan commenced January 1, 2011 and replaced the 2001 Directors' Plan which expired December 31, 2010. The Directors' Plan covers 200,000 authorized shares of common stock reserved for issuance upon exercise of options granted or available for grant to directors, directors emeritus, advisory directors, consultants and others with outstanding abilities to help the Company and will expire on December 31, 2020. Under the Company's Directors' Plan, nonemployee directors of the Company, consultants and others who are not regularly employed on a salaried basis by the Company may be entitled to an option to acquire shares, as determined by the board of directors, of the Company's common stock during each year in which the director serves on the board. The Directors' Plan provides that the option price will be fixed by the board of directors, but will not be less than 100% of the fair market value of the stock on the date of the grant. | ||||||||||||||||
As of December 31, 2013, there was $1.6 million of total unrecognized compensation cost related to nonvested stock option awards. The expense will be incurred over the next four year period with a weighted-average period of 2.2 years. Cash received from the exercise of options for 2013 was $304,000 and was $0 for both 2012 and 2011. | ||||||||||||||||
The fair value of each option grant was established at the date of grant using the Black-Scholes option pricing model. The Company used the Black-Scholes model and the following weighted-average assumptions for 2013, 2012 and 2011, respectively: risk-free interest rates of 1.4%, 1.7% and 3.0%; volatility factors of the expected market price of the Company's common stock of 41%, 48% and 46%; assumed forfeiture rates of 11.20%, 9.04% and 1.67%; weighted-average expected lives of the options of 7.5 years for the three years presented and no cash dividends. For 2013, 2012 and 2011, options vest at 25% per year after one year from date of grant. Based upon these assumptions, the weighted-average fair value of options granted was $7.55, $5.99 and $6.42 per option share for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||||||||||
The Company recorded stock-based compensation expense of approximately $948,000 for the year ended December 31, 2013 compared to $1.1 million and $1.2 million for the years ended December 31, 2012 and 2011, respectively. The tax benefit associated with compensation expense was $169,000, $171,000 and $203,000 for 2013, 2012 and 2011, respectively. | ||||||||||||||||
Combined stock option transactions under both Plans were as follows: | ||||||||||||||||
Years Ended December 31, | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Options | Weighted Avg. | Options | Weighted Avg. | Options | Weighted Avg. | |||||||||||
Exercise Price | Exercise Price | Exercise Price | ||||||||||||||
Outstanding at beginning of year | 1,273,731 | $ | 19.21 | 1,076,067 | $ | 20.86 | 1,069,774 | $ | 21.74 | |||||||
Granted | 126,571 | 16.55 | 241,575 | 11.5 | 242,300 | 12.01 | ||||||||||
Exercised | (25,105 | ) | 13.17 | — | — | — | — | |||||||||
Forfeited/expired | (108,859 | ) | 18.05 | (43,911 | ) | 17.25 | (236,007 | ) | 15.76 | |||||||
Outstanding at end of year | 1,266,338 | $ | 19.17 | 1,273,731 | $ | 19.21 | 1,076,067 | $ | 20.86 | |||||||
Exercisable at December 31 | 843,011 | $ | 22.18 | 789,129 | $ | 23.58 | 670,258 | $ | 25.08 | |||||||
Options available for grant at December 31 | 226,899 | 327,184 | 549,003 | |||||||||||||
Weighted-average fair value of options | $ | 7.55 | $ | 5.99 | $ | 6.42 | ||||||||||
  granted during the year | ||||||||||||||||
Options exercisable and outstanding at December 31, 2013 had an intrinsic value of $2.9 million. The intrinsic value of options exercised was $183,000 in 2013. There were no options exercised in 2012 and 2011. | ||||||||||||||||
The Company allows for option exercises to be paid for in cash or in whole or in part with Metro stock owned by the optionee. The value of the stock used to exercise the options is the fair market value on the date of exercise. Stock option exercises paid for with the Company's stock included 2,281 shares for the year ended December 31, 2013. | ||||||||||||||||
Exercise prices for options outstanding as of December 31, 2013 are presented in the following table: | ||||||||||||||||
Options | Weighted | Weighted Avg. | Options | Weighted | ||||||||||||
Outstanding | Avg. Exercise | Remaining | Exercisable | Avg. Exercise | ||||||||||||
 Price | Contractual | Price | ||||||||||||||
Life | ||||||||||||||||
Options with exercise prices ranging from | 662,525 | $ | 12.68 | 6.9 years | 363,394 | $ | 13.43 | |||||||||
   $8.46 to $16.41 | ||||||||||||||||
Options with exercise prices ranging from | 213,783 | 20.21 | 5.4 years | 89,587 | 25.28 | |||||||||||
   $16.42 to $25.38 | ||||||||||||||||
Options with exercise prices ranging from | 390,030 | 29.61 | 2.8 years | 390,030 | 29.61 | |||||||||||
   $25.39 to $33.50 | ||||||||||||||||
Total options outstanding with exercise | 1,266,338 | $ | 19.17 | 5.4 years | 843,011 | $ | 22.18 | |||||||||
   prices ranging from $8.46 to $33.50 | ||||||||||||||||
The remaining weighted-average contractual life for options exercisable at December 31, 2013 is 4.1 years. | ||||||||||||||||
The following table represents nonvested options as of December 31, 2013: | ||||||||||||||||
Number of | Weighted Avg. | |||||||||||||||
Shares | Grant Date | |||||||||||||||
Fair Value | ||||||||||||||||
Nonvested options, | December 31, 2012 | 484,602 | $ | 6.24 | ||||||||||||
Granted | 126,571 | 7.55 | ||||||||||||||
Vested | (172,158 | ) | 6.35 | |||||||||||||
Forfeited | (15,688 | ) | 6.29 | |||||||||||||
Nonvested options, | December 31, 2013 | 423,327 | $ | 6.59 | ||||||||||||
Regulatory_Matters
Regulatory Matters | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Regulatory Matters [Abstract] | ' | |||||||||||||||||||
Regulatory Matters | ' | |||||||||||||||||||
Regulatory Matters | ||||||||||||||||||||
The Company is a legal entity separate and distinct from its subsidiary, the Bank. There are various legal and regulatory limitations on the extent to which the Bank can, among other things, finance, or otherwise supply funds to, the Company. Specifically, dividends from the Bank are the principal source of the Company's cash funds and there are certain legal restrictions under Pennsylvania law and Pennsylvania banking regulations on the payment of dividends by state-chartered banks. The relevant regulatory agencies also have authority to prohibit the Company and the Bank from engaging in what, in the opinion of such regulatory body, constitutes an unsafe or unsound banking practice. The payment of dividends could, depending upon the financial condition of the Company and the Bank, be deemed to constitute such an unsafe or unsound practice. | ||||||||||||||||||||
The Company and the Bank are subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. | ||||||||||||||||||||
Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth below) of total and Tier 1 capital (as defined in the regulations) to risk-weighted assets and of Tier 1 capital to average assets. Management believes, as of December 31, 2013, that the Company and the Bank meet all capital adequacy requirements to which they are subject. | ||||||||||||||||||||
As of December 31, 2013 the Bank was categorized as well-capitalized under the regulatory framework for prompt corrective action. To be categorized as well-capitalized the Bank must maintain minimum total risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the table below. There are no conditions or events since that notification that management believes have changed the Bank's category. | ||||||||||||||||||||
The following table presents the risk-based and leverage capital amounts and ratios at December 31, 2013 and 2012 for the Company and the Bank: | ||||||||||||||||||||
Actual | For Capital | To Be Well-Capitalized | ||||||||||||||||||
Adequacy Purposes | Under Prompt Corrective | |||||||||||||||||||
Action Provisions | ||||||||||||||||||||
(dollars in thousands) | Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||
Company as of December 31, 2013 | ||||||||||||||||||||
Risk-based capital ratios: | ||||||||||||||||||||
Total capital | $ | 284,808 | 14.59 | % | ≥ | $ | 156,168 | ≥ | 8 | % | ≥ | N/A | ≥ | N/A | ||||||
Tier 1 capital | 261,697 | 13.41 | ≥ | 78,084 | ≥ | 4 | ≥ | N/A | ≥ | N/A | ||||||||||
Leverage ratio | 261,697 | 9.39 | ≥ | 111,482 | ≥ | 4 | ≥ | N/A | ≥ | N/A | ||||||||||
Bank as of December 31, 2013 | ||||||||||||||||||||
Risk-based capital ratios: | ||||||||||||||||||||
Total capital | $ | 274,954 | 14.09 | % | ≥ | $ | 156,101 | ≥ | 8 | % | ≥ | $ | 195,126 | ≥ | 10 | % | ||||
Tier 1 capital | 251,844 | 12.91 | ≥ | 78,050 | ≥ | 4 | ≥ | 117,076 | ≥ | 6 | ||||||||||
Leverage ratio | 251,844 | 9.04 | ≥ | 111,448 | ≥ | 4 | ≥ | 139,310 | ≥ | 5 | ||||||||||
Company as of December 31, 2012 | ||||||||||||||||||||
Risk-based capital ratios: | ||||||||||||||||||||
Total capital | $ | 264,944 | 15.22 | % | ≥ | $ | 139,227 | ≥ | 8 | % | ≥ | N/A | ≥ | N/A | ||||||
Tier 1 capital | 243,147 | 13.97 | ≥ | 69,614 | ≥ | 4 | ≥ | N/A | ≥ | N/A | ||||||||||
Leverage ratio | 243,147 | 9.61 | ≥ | 101,172 | ≥ | 4 | ≥ | N/A | ≥ | N/A | ||||||||||
Bank as of December 31, 2012 | ||||||||||||||||||||
Risk-based capital ratios: | ||||||||||||||||||||
Total capital | $ | 253,852 | 14.59 | % | ≥ | $ | 139,160 | ≥ | 8 | % | ≥ | $ | 173,950 | ≥ | 10 | % | ||||
Tier 1 capital | 232,065 | 13.34 | ≥ | 69,580 | ≥ | 4 | ≥ | 104,370 | ≥ | 6 | ||||||||||
Leverage ratio | 232,065 | 9.18 | ≥ | 101,167 | ≥ | 4 | ≥ | 126,459 | ≥ | 5 | ||||||||||
On April 29, 2010, the Bank consented and agreed to the issuance of a Consent Order (Order) by the FDIC, the Bank's federal banking regulator and a substantially similar consent order by the Pennsylvania Department of Banking, which in 2012 was renamed the Pennsylvania Department of Banking and Securities (PaDOB). The Order required the Bank to take all necessary steps, consistent with the Order and sound banking practices, to correct and prevent certain unsafe or unsound banking practices and violations of law or regulation alleged by the FDIC to have been committed by the Bank. Among other things, the Order required certain analyses and assessments, including an analysis and assessment of the Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) staffing needs and qualifications and an analysis and assessment of the independence and performance of the Company's directors and senior executive officers. It also required the development, adoption and implementation of a system of internal controls designed to ensure full compliance with BSA and OFAC provisions; training programs to ensure that all appropriate personnel are aware of and can comply with applicable requirements of BSA and OFAC provisions; periodic reviews by internal and external auditors of compliance with BSA and OFAC provisions; and a review by an independent third party of the Bank's compliance with the Order. The Bank paid a nonrecurring $1.5 million civil money penalty assessed by the FDIC during the third quarter of 2012 associated with alleged deficiencies as noted in the Order. The expense impact of the civil money penalty is included in the regulatory assessments line on the consolidated statement of income for the year ended December 31, 2012. Most of the Order remediation related expenses were captured under the consulting fees line item and made up the majority of this line item on the consolidated statement of income for the year ended December 31, 2011. The FDIC terminated the Order effective October 16, 2012. Earlier that year, the PaDOB had terminated their substantially similar order effective April 12, 2012. | ||||||||||||||||||||
Regulatory Capital Changes | ||||||||||||||||||||
In July 2013, the federal banking agencies issued final rules to implement the Basel III regulatory capital reforms and changes required by the Dodd-Frank Act. The phase-in period for community banking organizations begins January 1, 2015, while larger institutions (generally those with assets of $250 billion or more) must begin compliance on January 1, 2014. The final rules call for the following capital requirements: | ||||||||||||||||||||
• | A minimum ratio of common equity tier 1 capital to risk-weighted assets of 4.5%. | |||||||||||||||||||
• | A minimum ratio of tier 1 capital to risk-weighted assets of 6%. | |||||||||||||||||||
• | A minimum ratio of total capital to risk-weighted assets of 8% (no change from the current rule). | |||||||||||||||||||
• | A minimum leverage ratio of 4%. | |||||||||||||||||||
In addition, the final rules establish a common equity tier 1 capital conservation buffer of 2.5% of risk-weighted assets applicable to all banking organizations. If a banking organization fails to hold capital above the minimum capital ratios and the capital conservation buffer, it will be subject to certain restrictions on capital distributions and discretionary bonus payments. The phase-in period for the capital conservation and countercyclical capital buffers for all banking organizations will begin on January 1, 2016. | ||||||||||||||||||||
The Company is in the process of assessing the impact of these changes on the regulatory ratios as well as on the capital, operations, liquidity and earnings of the Company and the Bank. |
Employee_Benefit_Plan
Employee Benefit Plan | 12 Months Ended |
Dec. 31, 2013 | |
Postemployment Benefits [Abstract] | ' |
Employee Benefit Plan | ' |
Employee Benefit Plan | |
The Company has established a 401(k) Retirement Savings Plan for all of its employees who meet eligibility requirements. Employees may contribute up to 15% of their salary to the Plan. The Company currently provides a Safe Harbor matching contribution of 100% of the amount of the employee contribution up to 3% of the employee's salary and 50% of the amount of the employee contribution that exceeds 3% of the employee's salary for up to 5% of the employee's salary. The amount charged to expense for employer matching contributions and administrative fees was $865,000, $785,000 and $703,000 in 2013, 2012 and 2011, respectively. |
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | |||||||||||||||
Dec. 31, 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 year-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 year-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 December 31, 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) | ||||||||||||
December 31, 2013 | ||||||||||||||||
U.S. Government agency securities | $ | 29,926 | $ | — | $ | 29,926 | $ | — | ||||||||
Residential MBSs | 62,500 | — | 62,500 | — | ||||||||||||
Agency CMOs | 467,064 | — | 467,064 | — | ||||||||||||
Municipal securities | 26,433 | — | 26,433 | — | ||||||||||||
Securities available for sale | $ | 585,923 | $ | — | $ | 585,923 | $ | — | ||||||||
 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 December 31, 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, measured at fair value, include those loans 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 10% to 35% and the weighted-average rate was 21% and 19% as of December 31, 2013 and December 31, 2012, respectively; 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 December 31, 2013, the cumulative fair value of six impaired loans with individual allowance allocations totaled $5.7 million, net of valuation allowances of $5.6 million, and the current fair value of impaired loans that were partially charged off during 2013 totaled $10.4 million, net of charge-offs of $2.9 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. At December 31, 2013, the carrying value of foreclosed assets with valuation allowances recorded subsequent to initial foreclosure was $1.9 million, which was net of a valuation allowance of $62,000 that was established in 2013. There were no foreclosed assets with valuation allowances recorded subsequent to initial foreclosure at December 31, 2012. | ||||||||||||||||
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) | ||||||||||||
December 31, 2013 | ||||||||||||||||
Impaired loans with specific allocation | $ | 5,707 | $ | — | $ | — | $ | 5,707 | ||||||||
Impaired loans net of partial charge-offs | 10,428 | — | — | 10,428 | ||||||||||||
Foreclosed assets | 1,938 | — | — | 1,938 | ||||||||||||
Total | $ | 18,073 | $ | — | $ | — | $ | 18,073 | ||||||||
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 twelve months ended December 31, 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 December 31, 2013 and 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 years ended December 31, 2013 and 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 Investment 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 ACBB stock at December 31, 2013 and 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 December 31, 2013 and 2012: | ||||||||||||||||
Fair Value Measurements at December 31, 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 | $ | 44,996 | $ | 44,996 | $ | 44,996 | $ | — | $ | — | ||||||
Securities | 869,737 | 849,620 | — | 849,620 | — | |||||||||||
Loans, held for sale | 6,225 | 6,371 | — | — | 6,371 | |||||||||||
Loans receivable, net | 1,727,762 | 1,734,609 | — | — | 1,734,609 | |||||||||||
Restricted investments in bank stock | 20,564 | 20,564 | — | — | 20,564 | |||||||||||
Accrued interest receivable | 7,059 | 7,059 | 7,059 | — | — | |||||||||||
Financial liabilities: | ||||||||||||||||
Deposits | $ | 2,239,621 | $ | 2,241,179 | $ | — | $ | — | $ | 2,241,179 | ||||||
Short-term borrowings | 277,750 | 277,750 | 277,750 | — | — | |||||||||||
Long-term debt | 15,800 | 12,642 | — | — | 12,642 | |||||||||||
Accrued interest payable | 218 | 218 | 218 | — | — | |||||||||||
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 | — | — | — | — | — | |||||||||||
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies | ' |
Commitments and Contingencies | |
In January 2005, the Company entered into an agreement for naming rights to Metro Bank Park located on Harrisburg City Island, Harrisburg, Pennsylvania. Metro Bank Park is home of the Harrisburg Senators, an AA team affiliated with Major League Baseball. The term of the naming rights agreement is 15 years with a total obligation of $3.5 million spread over the term. | |
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. | |
On November 10, 2008, Metro announced it had entered into a services agreement with Fiserv Solutions, Inc. (Fiserv). The agreement, effective November 7, 2008, is for a period of seven years, following the date Fiserv Services are first used by Client in live production, subject to automatic renewal for additional terms of two years unless either party gives the other written notice of nonrenewal at least 180 days prior to the expiration date of the term. The initial investment with Fiserv was $3.4 million. As of December 31, 2013, the remaining expected obligation for support, license fees and processing services was $19.4 million over the next 2.5 years. The various services include: core system hosting, item processing, deposit and loan processing, electronic banking, data warehousing and other banking functions. | |
In addition, the Company is also 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. |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions | ' |
Related Party Transactions | |
  | |
The Company has engaged in certain transactions with entities which are considered related parties. Payments for goods and services to these related parties totaled $0, $128,000 and $0 in 2013, 2012 and 2011, respectively. Management believes disbursements made to related parties were substantially equivalent to those that would have been paid to unaffiliated companies for similar goods and services. |
Quarterly_Financial_Data_unaud
Quarterly Financial Data (unaudited) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||
Quarterly Financial Data (unaudited) | ' | ||||||||||||
Quarterly Financial Data (unaudited) | |||||||||||||
The following represents summarized unaudited quarterly financial data of the Company which, in the opinion of management, reflects adjustments (comprising only normal recurring accruals) necessary for fair presentation, note that certain balances may not cross foot due to rounding: | |||||||||||||
Three Months Ended | |||||||||||||
(in thousands, except per share amounts) | 31-Dec | 30-Sep | 30-Jun | 31-Mar | |||||||||
2013 | |||||||||||||
Interest income | $ | 25,403 | $ | 24,866 | $ | 24,612 | $ | 24,445 | |||||
Interest expense | 2,074 | 1,999 | 2,013 | 2,110 | |||||||||
Net interest income | 23,329 | 22,867 | 22,599 | 22,335 | |||||||||
Provision for loan losses | 1,575 | 1,200 | 1,800 | 2,300 | |||||||||
Noninterest income | 7,965 | 7,516 | 7,334 | 7,375 | |||||||||
Net gains (loss) on sales/calls of securities | 643 | — | (9 | ) | 30 | ||||||||
Noninterest expense | 22,737 | 22,443 | 22,360 | 22,329 | |||||||||
Provision for federal income taxes | 2,091 | 2,064 | 1,725 | 1,436 | |||||||||
Net income | 4,891 | 4,676 | 4,048 | 3,645 | |||||||||
Net income per share: | |||||||||||||
Basic | $ | 0.34 | $ | 0.33 | $ | 0.28 | $ | 0.26 | |||||
Diluted | 0.34 | 0.32 | 0.28 | 0.26 | |||||||||
2012 | |||||||||||||
Interest income | $ | 24,096 | $ | 24,255 | $ | 24,625 | $ | 24,332 | |||||
Interest expense | 2,262 | 2,477 | 2,655 | 2,716 | |||||||||
Net interest income | 21,834 | 21,778 | 21,970 | 21,616 | |||||||||
Provision for loan losses | 2,150 | 2,500 | 2,950 | 2,500 | |||||||||
Noninterest income | 7,805 | 7,148 | 7,460 | 7,441 | |||||||||
Net gains (loss) on sales of securities | 92 | (37 | ) | 12 | 984 | ||||||||
Noninterest expense | 22,486 | 23,053 | 22,674 | 22,931 | |||||||||
Provision for federal income taxes | 1,547 | 1,381 | 1,044 | 942 | |||||||||
Net income | 3,456 | 1,992 | 2,762 | 2,684 | |||||||||
Net income per share: | |||||||||||||
Basic | $ | 0.24 | $ | 0.14 | $ | 0.19 | $ | 0.19 | |||||
Diluted | 0.24 | 0.14 | 0.19 | 0.19 | |||||||||
Condensed_Financial_Statements
Condensed Financial Statements of Parent Company | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||
Condensed Financial Statements of Parent Company | ' | |||||||||
Condensed Financial Statements of Parent Company | ||||||||||
Balance Sheets | ||||||||||
December 31, | ||||||||||
(in thousands, except share and per share amounts) | 2013 | 2012 | ||||||||
Assets | ||||||||||
Cash | $ | 10,308 | $ | 11,765 | ||||||
Investment in subsidiaries: | ||||||||||
Banking subsidiary | 235,329 | 239,305 | ||||||||
Nonbanking subsidiaries | 800 | 800 | ||||||||
Other assets | 40 | 54 | ||||||||
Total assets | $ | 246,477 | $ | 251,924 | ||||||
Liabilities | ||||||||||
Long-term debt | $ | 15,800 | $ | 15,800 | ||||||
Other liabilities | 494 | 737 | ||||||||
Total liabilities | 16,294 | 16,537 | ||||||||
Stockholders' Equity | ||||||||||
Total stockholders' equity | 230,183 | 235,387 | ||||||||
Total liabilities and stockholders' equity | $ | 246,477 | $ | 251,924 | ||||||
Statements of Operations | ||||||||||
Years Ended December 31, | ||||||||||
(in thousands) | 2013 | 2012 | 2011 | |||||||
Income | ||||||||||
Interest income | $ | 62 | $ | 95 | $ | 122 | ||||
Debt prepayment charge | — | (140 | ) | (75 | ) | |||||
62 | (45 | ) | 47 | |||||||
Expenses | ||||||||||
Interest expense | 1,227 | 1,949 | 2,611 | |||||||
Other | 556 | 1,441 | 2,293 | |||||||
1,783 | 3,390 | 4,904 | ||||||||
Loss before income tax benefit and equity in undistributed net income of subsidiaries | (1,721 | ) | (3,435 | ) | (4,857 | ) | ||||
Income tax benefit | 595 | 1,168 | 1,651 | |||||||
(1,126 | ) | (2,267 | ) | (3,206 | ) | |||||
Equity in undistributed net income of bank subsidiary | 18,386 | 13,161 | 3,495 | |||||||
Net income | $ | 17,260 | $ | 10,894 | $ | 289 | ||||
Statements of Cash Flows | ||||||||||
Years Ended December 31, | ||||||||||
(in thousands) | 2013 | 2012 | 2011 | |||||||
Operating Activities | ||||||||||
Net income | $ | 17,260 | $ | 10,894 | $ | 289 | ||||
Adjustments to reconcile net income to net cash (used in) provided by operating activities: | ||||||||||
Amortization of financing costs | 2 | 29 | 8 | |||||||
Stock-based compensation | 948 | 1,082 | 1,250 | |||||||
Debt prepayment charge | — | 140 | 75 | |||||||
(Decrease) increase in other liabilities | (243 | ) | 217 | (108 | ) | |||||
(Increase) decrease in other assets | (11 | ) | 2,625 | 1,990 | ||||||
Equity in undistributed net income of bank subsidiary | (18,386 | ) | (13,161 | ) | (3,495 | ) | ||||
Net cash (used by) provided by operating activities | (430 | ) | 1,826 | 9 | ||||||
Investing Activities | ||||||||||
Investment in bank subsidiary | (1,369 | ) | (1,126 | ) | (5,052 | ) | ||||
Net cash used by investing activities | (1,369 | ) | (1,126 | ) | (5,052 | ) | ||||
Financing Activities | ||||||||||
Proceeds from common stock options exercised | 304 | — | — | |||||||
Proceeds from issuance of common stock under stock purchase plan | 67 | 44 | 3,802 | |||||||
Repayment of long-term debt | — | (8,540 | ) | (5,275 | ) | |||||
Tax benefit on exercise of stock options | 51 | — | — | |||||||
Cash dividends on preferred stock | (80 | ) | (80 | ) | (80 | ) | ||||
Net cash provided by (used by) financing activities | 342 | (8,576 | ) | (1,553 | ) | |||||
Decrease in cash and cash equivalents | (1,457 | ) | (7,876 | ) | (6,596 | ) | ||||
Cash and cash equivalents at beginning of the year | 11,765 | 19,641 | 26,237 | |||||||
Cash and cash equivalents at end of year | $ | 10,308 | $ | 11,765 | $ | 19,641 | ||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | |
Dec. 31, 2013 | ||
Accounting Policies [Abstract] | ' | |
Consolidated Financial Statements | ' | |
The consolidated financial statements presented include the accounts of Metro Bancorp, Inc. and its wholly-owned subsidiary Metro Bank. All material intercompany transactions have been eliminated. Events occurring subsequent to the date of the balance sheet have been evaluated for potential recognition or disclosure in the consolidated financial statements. | ||
Use of Estimates | ' | |
Use of Estimates | ||
The consolidated financial statements are prepared in conformity with generally accepted accounting principles (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 other fair value measurements. | ||
Other Comprehensive Income | ' | |
Other Comprehensive Income | ||
Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale (AFS) securities, are reported as a separate component of the equity section of the balance sheet, such items, along with net income are components of comprehensive income. The only comprehensive income items that the Company presently has other than net income are net unrealized gains (losses) on securities available for sale and unrealized losses for noncredit-related losses on debt securities. These items are presented net of tax in the Statement of Comprehensive Income. | ||
Significant Group Concentrations of Credit Risk | ' | |
Significant Group Concentrations of Credit Risk | ||
Most of the Company's activities are with customers located within the South Central Pennsylvania Region. Notes 4 and 6 discuss the types of lending that the Company engages in as well as loan concentrations. The Company does not have any significant concentrations to any one customer, or group of customers with similar economic characteristics. The types of securities the Company invests in is discussed in Note 3. | ||
Securities and Other-Than-Temporary Impairment | ' | |
Securities | ||
Securities classified as held to maturity are those debt securities that the Company has both the intent and ability to hold to maturity regardless of changes in market conditions, liquidity needs, or general economic conditions. These securities are carried at cost adjusted for amortization of premium and accretion of discount, computed by the interest method over the estimated average life of amortizing securities and to either the maturity or expected call date of nonamortizing securities. | ||
Securities classified as available for sale are those debt securities that the Company intends to hold for an indefinite period of time, but not necessarily to maturity. Any decision to sell a security classified as available for sale would be based on various factors, including significant movements in interest rates, changes in the maturity mix of the Company's assets and liabilities, liquidity needs, regulatory capital considerations and other similar factors. Securities available for sale are carried at fair value. Unrealized gains or losses are reported in other comprehensive income, net of the related deferred tax effect. Realized gains or losses, determined on the basis of the cost of the specific securities sold, are included in earnings. Premiums and discounts are recognized in interest income using the interest method over the estimated average life of amortizing securities and to either the maturity or expected call date of nonamortizing securities. Management determines the appropriate classification of debt securities at the time of purchase. | ||
Other-Than-Temporary Impairment | ||
Beginning in 2013, the Company performed its own independent credit review of all nongovernment and nongovernmental agencies securities when determining whether a debt security is other-than-temporarily impaired. This includes a quarterly review of all existing debt securities as well as a pre-purchase analysis and review for securities purchased. This review considers, but does not rely upon, ratings by a nationally recognized statistical ratings organization. Management also assesses whether we have the intent to sell the security or it is more likely than not that we will be required to sell the security prior to its anticipated recovery. | ||
Prior to 2013, the Company followed the fair value measurement guidance which clarifies the interaction of the factors that should be considered when determining whether a debt security is other-than-temporarily impaired. For debt securities, management assessed whether we had the intent to sell the security or it is more likely than not that we would be required to sell the security prior to its anticipated recovery. The Company forecasted recovery of the value of the security through either cash flows or market price. | ||
In instances when a determination is made that an OTTI exists but we do not intend to sell the debt security and it is not likely that we will be required to sell the debt security prior to its anticipated recovery, the OTTI is separated into (a)Â the amount of the total OTTI related to a decrease in cash flows expected to be collected from the debt security (the credit loss) and (b)Â the amount related to all other factors. The amount of the OTTI related to the credit loss is recognized in earnings and the amount of the OTTI related to all other factors is recognized in other comprehensive income. | ||
Loans Held for Sale | ' | |
Loans Held for Sale | ||
Loans held for sale are comprised of student loans and selected residential mortgage loans the Company originates with the intention of selling in the future. Prior to September 30, 2011, loans held for sale also included Small Business Administration (SBA) loans the Company originated with the intention of selling. Occasionally, loans held for sale also include selected business and industry loans that the Company decides to sell. Held for sale loans are carried at the lower of cost or estimated fair value, calculated in the aggregate. At the present time, the majority of the Company's residential loans are originated with the intent to sell to the secondary market unless a loan is nonconforming to the secondary market standards or if we agree not to sell the loan due to a customer's request. The residential mortgage loans that are designated as held for sale are sold to other financial institutions in correspondent relationships. The sale of these loans takes place typically within 30 days of funding. The Bank does not retain the servicing on its residential mortgage loans or its student loans. | ||
The Company holds SBA loans in the Company's loan receivable portfolio unless or until the Company's management determines a sale of certain loans is appropriate. At the time such a decision would be made, the SBA loans will be moved from the loans receivable portfolio to the loans held for sale portfolio. During the first half of 2011, the Company was originating SBA loans with the intent to sell the guaranteed portion of the loans. The Company received proceeds of $12.1 million on sales of SBA loans in 2011 and recognized a gain of $1.9 million on those sales. There were no SBA loan sales in 2013 or 2012. | ||
Total loans held for sale were $6.2 million and $15.2 million at December 31, 2013 and 2012, respectively. At December 31, 2013, loans held for sale were comprised of $3.1 million of student loans and $3.1 million of residential mortgages as compared to $3.8 million of student loans and $11.4 million of residential mortgages at December 31, 2012. | ||
Loans Receivable | ' | |
Loans Receivable | ||
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 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. | ||
A loan is considered past due or delinquent if payment is not received on or before the due date. The accrual of interest is generally discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collectibility of principal or interest, even though the loan may be currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. 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, interest is recognized as accrued. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time and the ultimate collectibility of the total contractual principal and interest is no longer in doubt. | ||
Allowance for Loan Losses | ' | |
Allowance for Loan Losses | ||
The ALL is established through provisions for loan losses charged against income. Loans, or portions thereof, deemed to be uncollectible are charged against the ALL and subsequent recoveries, if any, are credited to the allowance. The evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. Loans are evaluated for impairment once the loan has been internally risk rated substandard or lower or has been modified as a troubled debt restructuring (TDR). | ||
The allowance consists of specific and general components. The specific component relates to loans that are classified as impaired. For such loans, an allowance is established when the discounted cash flows, net collateral value or observable market price of the impaired loan is lower than the carrying value of the loan. The general component covers nonclassified loans and is based on historical loss experience adjusted for qualitative factors and includes an unallocated component. These qualitative factors represent a portion of the allowance established for losses inherent in the loan portfolio, which have not been identified by the quantitative processes. This determination inherently involves a higher degree of subjectivity and considers risk factors that may not have yet manifested themselves in historical loss experience. These factors include: | ||
• | Changes in lending policies and procedures, including changes in underwriting standards; | |
• | Changes in levels and trends of collection, charge-off and recovery practices; | |
• | Changes in the volume and severity of past due loans, the volume of nonaccrual loans and the volume and severity of adversely classified or graded loans; | |
• | Material changes in the mix, volume or duration of the portfolio; | |
• | Changes in the value of underlying collateral for collateral-dependent loans; | |
• | Changes in the quality of our loan review system; | |
• | Changes in the experience, ability and depth of lending management and other relevant staff; | |
• | The existence and effect of any concentrations of credit and changes in the level of such concentrations; and | |
• | Changes in international, national, regional and local economic and business conditions and developments that affect the collectibility of the portfolio, including the condition of various market segments and the effect of other external factors such as competition and legal and regulatory requirements on the level of estimated credit losses in our existing portfolio. | |
The ALL is maintained at a level considered adequate to provide for losses that can be reasonably anticipated. Management's periodic evaluation of the adequacy of the allowance is based on the Company's past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower's ability to repay, the estimated value of any underlying collateral, composition of the loan portfolio, current economic conditions and other relevant factors. | ||
A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include, the borrower's ability to pay, payment status, borrower's financial condition, market conditions for the borrowers' type of industry and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays generally are not classified as impaired. Management determines the significance of payment delays on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay and the borrower's prior payment record. Impairment is measured on a loan-by-loan basis for commercial loans by either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's obtainable market price or the fair value of the collateral if the loan is collateral dependent. | ||
All nonaccrual loans are evaluated individually to determine whether a charge-off is necessary due to the loan being impaired. | ||
Restricted Investments in Bank Stock | ' | |
Restricted Investments in Bank Stock | ||
Restricted investments in bank stock (restricted stock) consists of stock of the Federal Home Loan Bank (FHLB) of Pittsburgh and the Atlantic Community Bankers Bank (ACBB). Federal law requires a member institution of the FHLB system to hold stock of its district FHLB according to a predetermined formula. At December 31, 2013, the Company held $20.5 million of FHLB stock. Of this amount, $5.0 million was required for membership and $15.5 million was required to cover the Company's borrowing level at the FHLB. During 2013 the FHLB lifted the repurchase suspension that had been in place since December of 2008. The Company also owned $65,000 of ACBB stock. The stock is carried at cost. | ||
Management evaluates the restricted stock for impairment in accordance with Financial Accounting Standards Board (FASB) guidance on Accounting by Certain Entities (including Entities with Trade Receivables that Lend to or Finance the Activities of Others). Management determines whether this investment is impaired based on an assessment of the ultimate recoverability of the cost rather than by recognizing temporary declines in value. The determination of whether a decline affects the ultimate recoverability of the cost is influenced by criteria such as (1) the significance of the decline in net assets of the FHLB as compared to the capital stock amount for the FHLB and the length of time this situation has persisted, (2) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance of the FHLB and (3) the impact of legislative and regulatory changes on institutions and, accordingly, on the customer base of the FHLB. Management believes no impairment charge was necessary related to the FHLB restricted stock as of December 31, 2013. | ||
Premises and Equipment | ' | |
Premises and Equipment | ||
Premises and equipment are carried at cost less accumulated depreciation and amortization. Depreciation is charged to operations over the estimated useful lives of the respective assets. Leasehold improvements are amortized over the terms of the respective leases or the estimated useful lives of the improvements, whichever is shorter. Depreciation and amortization are determined on the straight-line method for financial reporting purposes and accelerated methods for income tax purposes. | ||
Foreclosed Assets | ' | |
Foreclosed Assets | ||
Assets acquired through, or in lieu of, loan foreclosures are held for sale and are initially recorded at fair value less estimated costs to sell the assets at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value, less estimated costs to sell the asset. Revenue and expenses from operations, changes in the valuation allowance and gains/losses on sales of foreclosed real estate are included in foreclosed real estate expense. Foreclosed assets are included in other assets and totaled $4.5 million as of December 31, 2013 as compared to $2.5 million as of December 31, 2012. | ||
Income Taxes | ' | |
Income Taxes | ||
Deferred income taxes are provided using the liability method whereby deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets and liabilities are adjusted through the provision for income taxes for the effects of changes in tax laws and rates on the date of enactment. The Company analyzes each tax position taken in its tax returns and determines the likelihood that the position will be realized. Only tax positions that are "more likely than not" to be realized can be recognized in the Company's financial statements. For tax positions that do not meet this recognition threshold, the Company will record an unrecognized tax benefit for the difference between the position taken on the tax return and the amount recognized in the financial statements. The Company does not have any material unrecognized tax benefits or accrued interest or penalties at December 31, 2013 or 2012 or during the years then ended. No unrecognized tax benefits are expected to arise within the next twelve months. The Company's policy is to account for interest as a component of interest expense and penalties, if any, as a component of other expenses. | ||
Transfers of Financial Assets | ' | |
Transfers of Financial Assets | ||
Transfers of financial assets, including sales of loans and loan participations, are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. | ||
Per Share Data | ' | |
Per Share Data | ||
Basic net income per common share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted net income per common share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued as well as any adjustments to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate solely to outstanding common stock options and are determined using the treasury stock method or stock purchased through the Company's dividend reinvestment and stock purchase plan. | ||
Off-Balance Sheet Financial Instruments | ' | |
Off-Balance Sheet Financial Instruments | ||
In the ordinary course of business, the Company has entered into off-balance sheet financial instruments consisting of commitments to extend credit, commercial letters of credit and standby letters of credit. Such financial instruments are recorded on the balance sheet when they become payable by the borrower to the Company. | ||
Cash Flow Information | ' | |
Cash Flow Information | ||
For purposes of the statements of cash flows, the Company considers cash and due from banks, interest-bearing deposits and federal funds sold as cash and cash equivalents. Generally, federal funds, a component of cash and cash equivalents are purchased and sold for one-day periods. | ||
Stock-Based Compensation | ' | |
Stock-Based Compensation | ||
The Company recognizes compensation costs related to share-based payment transactions in the income statement based on the grant-date fair value of the stock-based compensation issued. Compensation costs are recognized over the period that an employee provides service in exchange for the award. | ||
The cash flows resulting from the tax benefits due to deductions in excess of the compensation cost recognized for options (excess tax benefits) are classified as financing cash flows. | ||
Advertising Costs | ' | |
Advertising Costs | ||
The Company follows the policy of charging the costs of advertising to expense as incurred. | ||
Recent Accounting Standards | ' | |
Recent Accounting Standards | ||
In February 2013, FASB updated the Comprehensive Income guidance to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendment does not change the current requirements for reporting net income or other comprehensive income in the financial statements. However, the amendment requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under GAAP that provide additional detail about those amounts. The effective date of this update for public entities was for reporting periods beginning after December 15, 2012. Early adoption was permitted. The adoption of this guidance did not have an impact on our consolidated financial statements. | ||
In July 2013, 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. | ||
In January 2014, FASB clarified the Receivables – Troubled Debt Restructurings by Creditors guidance regarding Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The guidance clarifies when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate property recognized. The effective date of the adoption of this guidance is for interim and annual reporting periods beginning after December 15, 2014. We do not believe the adoption of the amendment to this guidance will have a material impact on our consolidated financial statements. | ||
Segment Reporting | ' | |
Segment Reporting | ||
The Bank acts as an independent community financial services provider and offers traditional banking and related financial services to individual consumer, business and government customers. Through its stores, the Company offers a full array of commercial and retail financial services. | ||
Management does not separately allocate expenses, including the cost of funding loan demand, between the commercial and retail operations of the Company. As such, discrete financial information is not available and segment reporting would not be meaningful. | ||
Reclassifications | ' | |
Reclassifications | ||
Certain amounts in the 2012 and 2011 financial statements have been reclassified to conform to the 2013 presentation format. Such reclassifications had no impact on the Company's net operations and stockholders' equity. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||
Schedule of Net Expenses Associated with Foreclosed Assets | ' | |||||||||||
Net expenses associated with foreclosed assets are detailed below: | ||||||||||||
Years Ended December 31, | ||||||||||||
(in thousands) | 2013 | 2012 | 2011 | |||||||||
Operating expenses, net of rental income | $ | 279 | $ | 429 | $ | 331 | ||||||
Loss on write-down on foreclosed real estate | 89 | 257 | 2,060 | |||||||||
Net loss (gain) on sales of real estate | 54 | 649 | (116 | ) | ||||||||
Total | $ | 422 | $ | 1,335 | $ | 2,275 | ||||||
Securities_Tables
Securities (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 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: | ||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||
(in thousands) | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | ||||||||||||||||||||
Available for Sale: | ||||||||||||||||||||||||
U.S. Government agency securities | $ | 33,995 | $ | — | $ | (4,069 | ) | $ | 29,926 | |||||||||||||||
Residential mortgage-backed securities | 65,795 | — | (3,295 | ) | 62,500 | |||||||||||||||||||
Agency collateralized mortgage obligations | 483,591 | 1,141 | (17,668 | ) | 467,064 | |||||||||||||||||||
Municipal securities | 27,950 | — | (1,517 | ) | 26,433 | |||||||||||||||||||
Total | $ | 611,331 | $ | 1,141 | $ | (26,549 | ) | $ | 585,923 | |||||||||||||||
Held to Maturity: | ||||||||||||||||||||||||
U.S. Government agency securities | $ | 149,096 | $ | — | $ | (16,082 | ) | $ | 133,014 | |||||||||||||||
Residential mortgage-backed securities | 7,849 | 197 | — | 8,046 | ||||||||||||||||||||
Agency collateralized mortgage obligations | 118,893 | 251 | (4,465 | ) | 114,679 | |||||||||||||||||||
Corporate debt securities | 5,000 | 149 | — | 5,149 | ||||||||||||||||||||
Municipal securities | 2,976 | — | (167 | ) | 2,809 | |||||||||||||||||||
Total | $ | 283,814 | $ | 597 | $ | (20,714 | ) | $ | 263,697 | |||||||||||||||
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 contractrual maturity | ' | |||||||||||||||||||||||
The amortized cost and fair value of debt securities by contractual maturity at December 31, 2013 are shown in the table that follows. 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 | 5,149 | ||||||||||||||||||||
Due after five years through ten years | 48,534 | 43,963 | 70,000 | 62,854 | ||||||||||||||||||||
Due after ten years | 13,411 | 12,396 | 82,072 | 72,969 | ||||||||||||||||||||
61,945 | 56,359 | 157,072 | 140,972 | |||||||||||||||||||||
Residential mortgage-backed securities | 65,795 | 62,500 | 7,849 | 8,046 | ||||||||||||||||||||
Agency collateralized mortgage obligations | 483,591 | 467,064 | 118,893 | 114,679 | ||||||||||||||||||||
Total | $ | 611,331 | $ | 585,923 | $ | 283,814 | $ | 263,697 | ||||||||||||||||
Gains (losses) on the sales 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 | ||||||||||||||||||||
Years Ended: | ||||||||||||||||||||||||
December 31, 2013 | $ | 1,826 | $ | (1,162 | ) | $ | — | $ | 664 | |||||||||||||||
December 31, 2012 | 2,889 | (1,838 | ) | (649 | ) | 402 | ||||||||||||||||||
December 31, 2011 | 983 | (633 | ) | (324 | ) | 26 | ||||||||||||||||||
Fair value and gross unrealized losses | ' | |||||||||||||||||||||||
The following tables show 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: | ||||||||||||||||||||||||
December 31, 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 | $ | 8,077 | $ | (918 | ) | $ | 21,849 | $ | (3,151 | ) | $ | 29,926 | $ | (4,069 | ) | |||||||||
Residential MBSs | 62,500 | (3,295 | ) | — | — | 62,500 | (3,295 | ) | ||||||||||||||||
Agency CMOs | 363,993 | (16,182 | ) | 15,574 | (1,486 | ) | 379,567 | (17,668 | ) | |||||||||||||||
Municipal securities | 26,433 | (1,517 | ) | — | — | 26,433 | (1,517 | ) | ||||||||||||||||
Total | $ | 461,003 | $ | (21,912 | ) | $ | 37,423 | $ | (4,637 | ) | $ | 498,426 | $ | (26,549 | ) | |||||||||
Held to Maturity: | ||||||||||||||||||||||||
U.S. Government agency securities | $ | 110,435 | $ | (13,661 | ) | $ | 22,579 | $ | (2,421 | ) | $ | 133,014 | $ | (16,082 | ) | |||||||||
Agency CMOs | 98,082 | (4,465 | ) | — | — | 98,082 | (4,465 | ) | ||||||||||||||||
Municipal securities | 2,809 | (167 | ) | — | — | 2,809 | (167 | ) | ||||||||||||||||
Total | $ | 211,326 | $ | (18,293 | ) | $ | 22,579 | $ | (2,421 | ) | $ | 233,905 | $ | (20,714 | ) | |||||||||
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 tables below rolls forward the cumulative life to date credit losses which have been recognized in earnings for the private-label CMOs previously mentioned for the years ended December 31, 2012 and 2011, respectively. The Company did not hold private-label CMOs as of December 31, 2012 and had no activity in private-label CMOs during 2013. | ||||||||||||||||||||||||
Private-label CMOs | ||||||||||||||||||||||||
 (in thousands) | Available for Sale | Held to Maturity | Total | |||||||||||||||||||||
Cumulative OTTI credit losses at January 1, 2012 | $ | 2,949 | $ | — | $ | 2,949 | ||||||||||||||||||
Additional increases for OTTI previously recognized when there is | 649 | — | 649 | |||||||||||||||||||||
   no intent to sell and no requirement to sell before recovery of | ||||||||||||||||||||||||
   amortized cost basis | ||||||||||||||||||||||||
Reduction due to credit impaired security sold | (3,598 | ) | — | (3,598 | ) | |||||||||||||||||||
Cumulative OTTI credit losses recognized for securities still held | $ | — | $ | — | $ | — | ||||||||||||||||||
   at December 31, 2012 | ||||||||||||||||||||||||
Private-label CMOs | ||||||||||||||||||||||||
 (in thousands) | Available for Sale | Held to Maturity | Total | |||||||||||||||||||||
Cumulative OTTI credit losses at January 1, 2011 | $ | 2,625 | $ | — | $ | 2,625 | ||||||||||||||||||
Additional increases for OTTI previously recognized when there is | 324 | — | 324 | |||||||||||||||||||||
   no intent to sell and no requirement to sell before recovery of | ||||||||||||||||||||||||
   amortized cost basis | ||||||||||||||||||||||||
Cumulative OTTI credit losses recognized for securities still held | $ | 2,949 | $ | — | $ | 2,949 | ||||||||||||||||||
   at December 31, 2011 | ||||||||||||||||||||||||
Loans_Receivable_and_Allowance1
Loans Receivable and Allowance for Loan Losses (Tables) | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||
Receivables [Abstract] | ' | |||||||||||||||||||||||||||
Summary of Loans Receivable | ' | |||||||||||||||||||||||||||
A summary of the Bank's loans receivable at December 31, 2013 and 2012 is as follows: | ||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||
(in thousands) | 2013 | 2012 | ||||||||||||||||||||||||||
Commercial and industrial | $ | 447,144 | $ | 376,988 | ||||||||||||||||||||||||
Commercial tax-exempt | 81,734 | 92,202 | ||||||||||||||||||||||||||
Owner occupied real estate | 302,417 | 268,372 | ||||||||||||||||||||||||||
Commercial construction and land development | 133,176 | 100,399 | ||||||||||||||||||||||||||
Commercial real estate | 473,188 | 394,404 | ||||||||||||||||||||||||||
Residential | 97,766 | 83,899 | ||||||||||||||||||||||||||
Consumer | 215,447 | 212,533 | ||||||||||||||||||||||||||
1,750,872 | 1,528,797 | |||||||||||||||||||||||||||
Less: allowance for loan losses | 23,110 | 25,282 | ||||||||||||||||||||||||||
Net loans receivable | $ | 1,727,762 | $ | 1,503,515 | ||||||||||||||||||||||||
Summary of Nonaccrual Loans, by Type | ' | |||||||||||||||||||||||||||
The following table summarizes nonaccrual loans by loan type at December 31, 2013 and 2012: | ||||||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||||||
(in thousands) | 2013 | 2012 | ||||||||||||||||||||||||||
Nonaccrual loans: | ||||||||||||||||||||||||||||
   Commercial and industrial | $ | 10,217 | $ | 11,289 | ||||||||||||||||||||||||
   Commercial tax-exempt | — | — | ||||||||||||||||||||||||||
   Owner occupied real estate | 4,838 | 3,119 | ||||||||||||||||||||||||||
   Commercial construction and land development | 8,587 | 6,300 | ||||||||||||||||||||||||||
   Commercial real estate | 6,705 | 5,659 | ||||||||||||||||||||||||||
   Residential | 7,039 | 3,203 | ||||||||||||||||||||||||||
   Consumer | 2,577 | 2,846 | ||||||||||||||||||||||||||
Total nonaccrual loans | $ | 39,963 | $ | 32,416 | ||||||||||||||||||||||||
Age Analysis of Past Due Loan Receivables | ' | |||||||||||||||||||||||||||
The following table is an age analysis of past due loan receivables as of December 31, 2013 and 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 | ||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||
Commercial and industrial | $ | 438,522 | $ | 1,830 | $ | 1,041 | $ | 5,751 | $ | 8,622 | $ | 447,144 | $ | 17 | ||||||||||||||
Commercial tax-exempt | 81,734 | — | — | — | — | 81,734 | — | |||||||||||||||||||||
Owner occupied real estate | 295,278 | 2,618 | 1,674 | 2,847 | 7,139 | 302,417 | — | |||||||||||||||||||||
Commercial construction and | 124,240 | 3,355 | 342 | 5,239 | 8,936 | 133,176 | — | |||||||||||||||||||||
land development | ||||||||||||||||||||||||||||
Commercial real estate | 465,765 | 2,142 | 444 | 4,837 | 7,423 | 473,188 | 235 | |||||||||||||||||||||
Residential | 85,352 | 4,194 | 6,304 | 1,916 | 12,414 | 97,766 | 117 | |||||||||||||||||||||
Consumer | 210,906 | 2,095 | 1,335 | 1,111 | 4,541 | 215,447 | — | |||||||||||||||||||||
Total | $ | 1,701,797 | $ | 16,234 | $ | 11,140 | $ | 21,701 | $ | 49,075 | $ | 1,750,872 | $ | 369 | ||||||||||||||
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 December 31, 2013 and 2012 is detailed in the tables that follow. | ||||||||||||||||||||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. constr. | Comm. real estate | Resi-dential | Con-sumer | Unallo-cated | Total | |||||||||||||||||||
and land devel-opment | ||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||||
Individually evaluated | $ | 1,559 | $ | — | $ | 1,366 | $ | 1,660 | $ | — | $ | 524 | $ | 476 | $ | — | $ | 5,585 | ||||||||||
for impairment | ||||||||||||||||||||||||||||
Collectively evaluated | 6,619 | 72 | 814 | 3,899 | 4,161 | 436 | 827 | 697 | 17,525 | |||||||||||||||||||
for impairment | ||||||||||||||||||||||||||||
Total ALL | $ | 8,178 | $ | 72 | $ | 2,180 | $ | 5,559 | $ | 4,161 | $ | 960 | $ | 1,303 | $ | 697 | $ | 23,110 | ||||||||||
Loans receivable: | ||||||||||||||||||||||||||||
Loans evaluated | $ | 13,055 | $ | — | $ | 5,822 | $ | 11,669 | $ | 10,953 | $ | 7,979 | $ | 3,121 | $ | — | $ | 52,599 | ||||||||||
  individually | ||||||||||||||||||||||||||||
Loans evaluated | 434,089 | 81,734 | 296,595 | 121,507 | 462,235 | 89,787 | 212,326 | — | 1,698,273 | |||||||||||||||||||
  collectively | ||||||||||||||||||||||||||||
Total loans receivable | $ | 447,144 | $ | 81,734 | $ | 302,417 | $ | 133,176 | $ | 473,188 | $ | 97,766 | $ | 215,447 | $ | — | $ | 1,750,872 | ||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. constr. and land devel-opment | Comm. real estate | Resi-dential | Con-sumer | Unallo-cated | Total | |||||||||||||||||||
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 years ended December 31, 2013, 2012 and 2011: | ||||||||||||||||||||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. construction and land development | Comm. real estate | Resi-dential | Consumer | Unallo-cated | 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 | 524 | (11 | ) | 343 | 691 | 2,951 | 958 | 1,511 | (92 | ) | 6,875 | |||||||||||||||||
Recoveries of loans previously charged-off | 1,122 | — | 3 | 490 | — | 10 | 76 | — | 1,701 | |||||||||||||||||||
Loans charged-off | (3,427 | ) | — | (295 | ) | (2,844 | ) | (2,773 | ) | (332 | ) | (1,077 | ) | — | (10,748 | ) | ||||||||||||
Balance at December 31 | $ | 8,178 | $ | 72 | $ | 2,180 | $ | 5,559 | $ | 4,161 | $ | 960 | $ | 1,303 | $ | 697 | $ | 23,110 | ||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. construction and land development | Comm. real estate | Resi-dential | Consumer | Unallo-cated | Total | |||||||||||||||||||
2012 | ||||||||||||||||||||||||||||
Balance at January 1 | $ | 8,400 | $ | 79 | $ | 729 | $ | 7,840 | $ | 3,241 | $ | 435 | $ | 831 | $ | 65 | $ | 21,620 | ||||||||||
Provision charged to operating expenses | 3,634 | 4 | 2,165 | 243 | 2,498 | 193 | 639 | 724 | 10,100 | |||||||||||||||||||
Recoveries of loans previously charged-off | 227 | — | 7 | 517 | 97 | 4 | 67 | — | 919 | |||||||||||||||||||
Loans charged-off | (2,302 | ) | — | (772 | ) | (1,378 | ) | (1,853 | ) | (308 | ) | (744 | ) | — | (7,357 | ) | ||||||||||||
Balance at December 31 | $ | 9,959 | $ | 83 | $ | 2,129 | $ | 7,222 | $ | 3,983 | $ | 324 | $ | 793 | $ | 789 | $ | 25,282 | ||||||||||
(in thousands) | Comm. and industrial | Comm. tax-exempt | Owner occupied real estate | Comm. construction and land development | Comm. real estate | Resi-dential | Consumer | Unallo-cated | Total | |||||||||||||||||||
2011 | ||||||||||||||||||||||||||||
Balance at January 1 | $ | 9,679 | $ | 86 | $ | 910 | $ | 5,420 | $ | 4,002 | $ | 442 | $ | 702 | $ | 377 | $ | 21,618 | ||||||||||
Provision charged to operating expenses | 6,510 | (7 | ) | 13 | 13,038 | 76 | 113 | 1,161 | (312 | ) | 20,592 | |||||||||||||||||
Recoveries of loans previously charged-off | 156 | — | 60 | 11 | 15 | 68 | 135 | — | 445 | |||||||||||||||||||
Loans charged-off | (7,945 | ) | — | (254 | ) | (10,629 | ) | (852 | ) | (188 | ) | (1,167 | ) | — | (21,035 | ) | ||||||||||||
Balance at December 31 | $ | 8,400 | $ | 79 | $ | 729 | $ | 7,840 | $ | 3,241 | $ | 435 | $ | 831 | $ | 65 | $ | 21,620 | ||||||||||
Schedule of Impaired Loan Receivables | ' | |||||||||||||||||||||||||||
The following table presents additional information regarding the Company's impaired loans for the twelve months ended December 31, 2013, 2012 and 2011: | ||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | December 31, 2011 | ||||||||||||||||||||||||||
(in thousands) | 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 | $ | 9,461 | $ | 164 | $ | 11,567 | $ | 171 | $ | 12,901 | $ | 141 | ||||||||||||||||
   Commercial tax-exempt | — | — | — | — | — | — | ||||||||||||||||||||||
   Owner occupied real estate | 3,087 | 3 | 3,846 | 150 | 5,333 | 191 | ||||||||||||||||||||||
   Commercial construction and | 7,122 | 172 | 10,319 | 510 | 11,803 | 231 | ||||||||||||||||||||||
     land development | ||||||||||||||||||||||||||||
   Commercial real estate | 15,267 | 366 | 12,434 | 319 | 9,500 | 192 | ||||||||||||||||||||||
   Residential | 5,020 | 64 | 3,994 | 43 | 3,557 | 6 | ||||||||||||||||||||||
   Consumer | 3,024 | 30 | 2,539 | 18 | 1,945 | — | ||||||||||||||||||||||
Total impaired loans with no | 42,981 | 799 | 44,699 | 1,211 | 45,039 | 761 | ||||||||||||||||||||||
  related allowance | ||||||||||||||||||||||||||||
Loans with an allowance recorded: | ||||||||||||||||||||||||||||
   Commercial and industrial | 4,563 | — | 5,258 | — | 7,974 | — | ||||||||||||||||||||||
   Owner occupied real estate | 1,407 | — | 1,571 | — | 453 | — | ||||||||||||||||||||||
   Commercial construction and | 7,926 | — | 11,375 | — | 4,637 | — | ||||||||||||||||||||||
     land development | ||||||||||||||||||||||||||||
   Commercial real estate | — | — | 655 | — | — | — | ||||||||||||||||||||||
   Residential | 1,805 | — | — | — | — | — | ||||||||||||||||||||||
   Consumer | 280 | — | — | — | — | — | ||||||||||||||||||||||
Total impaired loans with an | 15,981 | — | 18,859 | — | 13,064 | — | ||||||||||||||||||||||
  allowance recorded | ||||||||||||||||||||||||||||
Total impaired loans: | ||||||||||||||||||||||||||||
   Commercial and industrial | 14,024 | 164 | 16,825 | 171 | 20,875 | 141 | ||||||||||||||||||||||
   Commercial tax-exempt | — | — | — | — | — | — | ||||||||||||||||||||||
   Owner occupied real estate | 4,494 | 3 | 5,417 | 150 | 5,786 | 191 | ||||||||||||||||||||||
   Commercial construction and | 15,048 | 172 | 21,694 | 510 | 16,440 | 231 | ||||||||||||||||||||||
     land development | ||||||||||||||||||||||||||||
   Commercial real estate | 15,267 | 366 | 13,089 | 319 | 9,500 | 192 | ||||||||||||||||||||||
   Residential | 6,825 | 64 | 3,994 | 43 | 3,557 | 6 | ||||||||||||||||||||||
   Consumer | 3,304 | 30 | 2,539 | 18 | 1,945 | — | ||||||||||||||||||||||
Total impaired loans | $ | 58,962 | $ | 799 | $ | 63,558 | $ | 1,211 | $ | 58,103 | $ | 761 | ||||||||||||||||
The following table presents information regarding the Company's impaired loans as of December 31, 2013 and 2012: | ||||||||||||||||||||||||||||
December 31, 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 | $ | 9,838 | $ | 12,587 | $ | — | $ | 7,426 | $ | 11,746 | $ | — | ||||||||||||||||
   Commercial tax-exempt | — | — | — | — | — | — | ||||||||||||||||||||||
   Owner occupied real estate | 4,456 | 4,664 | — | 1,929 | 2,301 | — | ||||||||||||||||||||||
   Commercial construction and land | 8,514 | 9,047 | — | 7,716 | 8,500 | — | ||||||||||||||||||||||
development | ||||||||||||||||||||||||||||
   Commercial real estate | 10,953 | 12,795 | — | 12,965 | 14,619 | — | ||||||||||||||||||||||
   Residential | 4,901 | 5,366 | — | 4,163 | 4,423 | — | ||||||||||||||||||||||
   Consumer | 2,645 | 2,868 | — | 3,331 | 3,547 | — | ||||||||||||||||||||||
Total impaired loans with no related | 41,307 | 47,327 | — | 37,530 | 45,136 | — | ||||||||||||||||||||||
allowance | ||||||||||||||||||||||||||||
Loans with an allowance recorded: | ||||||||||||||||||||||||||||
   Commercial and industrial | 3,217 | 3,217 | 1,559 | 5,656 | 6,526 | 2,399 | ||||||||||||||||||||||
   Owner occupied real estate | 1,366 | 1,366 | 1,366 | 1,451 | 1,451 | 1,451 | ||||||||||||||||||||||
   Commercial construction and land | 3,155 | 3,155 | 1,660 | 7,833 | 7,833 | 2,470 | ||||||||||||||||||||||
development | ||||||||||||||||||||||||||||
   Commercial real estate | — | — | — | 4,171 | 4,172 | 800 | ||||||||||||||||||||||
   Residential | 3,078 | 3,078 | 524 | — | — | — | ||||||||||||||||||||||
   Consumer | 476 | 476 | 476 | — | — | — | ||||||||||||||||||||||
Total impaired loans with an | 11,292 | 11,292 | 5,585 | 19,111 | 19,982 | 7,120 | ||||||||||||||||||||||
allowance recorded | ||||||||||||||||||||||||||||
Total impaired loans: | ||||||||||||||||||||||||||||
   Commercial and industrial | 13,055 | 15,804 | 1,559 | 13,082 | 18,272 | 2,399 | ||||||||||||||||||||||
   Commercial tax-exempt | — | — | — | — | — | — | ||||||||||||||||||||||
   Owner occupied real estate | 5,822 | 6,030 | 1,366 | 3,380 | 3,752 | 1,451 | ||||||||||||||||||||||
   Commercial construction and land | 11,669 | 12,202 | 1,660 | 15,549 | 16,333 | 2,470 | ||||||||||||||||||||||
development | ||||||||||||||||||||||||||||
   Commercial real estate | 10,953 | 12,795 | — | 17,136 | 18,791 | 800 | ||||||||||||||||||||||
   Residential | 7,979 | 8,444 | 524 | 4,163 | 4,423 | — | ||||||||||||||||||||||
   Consumer | 3,121 | 3,344 | 476 | 3,331 | 3,547 | — | ||||||||||||||||||||||
Total impaired loans | $ | 52,599 | $ | 58,619 | $ | 5,585 | $ | 56,641 | $ | 65,118 | $ | 7,120 | ||||||||||||||||
Credit Quality Indicators for Commercial Loans, by Loan Type | ' | |||||||||||||||||||||||||||
Credit quality indicators for commercial loans broken out by loan type are presented in the following tables for the years ended December 31, 2013 and 2012. There were no loans classified as doubtful for the years ended December 31, 2013 or December 31, 2012. | ||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||
(in thousands) | Pass | Special Mention | Substandard Accrual | Substandard Nonaccrual | Doubtful | Total | ||||||||||||||||||||||
Commercial credit exposure: | ||||||||||||||||||||||||||||
   Commercial and industrial | $ | 410,530 | $ | 8,064 | $ | 18,333 | $ | 10,217 | $ | — | $ | 447,144 | ||||||||||||||||
   Commercial tax-exempt | 81,734 | — | — | — | — | 81,734 | ||||||||||||||||||||||
   Owner occupied real estate | 285,416 | 3,624 | 8,539 | 4,838 | — | 302,417 | ||||||||||||||||||||||
   Commercial construction and land development | 120,687 | — | 3,902 | 8,587 | — | 133,176 | ||||||||||||||||||||||
   Commercial real estate | 464,408 | 318 | 1,757 | 6,705 | — | 473,188 | ||||||||||||||||||||||
     Total | $ | 1,362,775 | $ | 12,006 | $ | 32,531 | $ | 30,347 | $ | — | $ | 1,437,659 | ||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||
(in thousands) | Pass | Special Mention | Substandard Accrual | Substandard Nonaccrual | Doubtful | 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 credit exposures are rated as performing or nonperforming as detailed below at December 31, 2013 and 2012: | ||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||
(in thousands) | Performing | Nonperforming | Total | |||||||||||||||||||||||||
Consumer credit exposure: | ||||||||||||||||||||||||||||
   Residential | $ | 90,727 | $ | 7,039 | $ | 97,766 | ||||||||||||||||||||||
   Consumer | 212,870 | 2,577 | 215,447 | |||||||||||||||||||||||||
     Total | $ | 303,597 | $ | 9,616 | $ | 313,213 | ||||||||||||||||||||||
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 twelve month periods ended December 31, 2013, 2012 and 2011. 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: | Twelve Months Ended | |||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | December 31, 2011 | ||||||||||||||||||||||||||
(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 | ||||||||||||||||||||||
Commercial and industrial: | ||||||||||||||||||||||||||||
   Material extension of time | — | $ | — | 1 | $ | 1,262 | 2 | $ | 629 | |||||||||||||||||||
   Forbearance agreement | — | — | — | — | 4 | 12,456 | ||||||||||||||||||||||
   Interest rate adjustment | — | — | 1 | 3,404 | — | — | ||||||||||||||||||||||
   Change in amortization period | 7 | 1,079 | — | — | 4 | 405 | ||||||||||||||||||||||
   Combination of concessions | 3 | 749 | 2 | 3,231 | — | — | ||||||||||||||||||||||
Owner occupied real estate: | ||||||||||||||||||||||||||||
   Material extension of time | 2 | 738 | — | — | — | — | ||||||||||||||||||||||
   Forbearance agreement | 1 | 193 | — | — | 1 | 87 | ||||||||||||||||||||||
   Combination of concessions | — | — | 1 | 1,451 | — | — | ||||||||||||||||||||||
Commercial construction and land development: | ||||||||||||||||||||||||||||
   Material extension of time | 4 | 2,738 | 5 | 3,396 | 16 | 10,932 | ||||||||||||||||||||||
   Forbearance agreement | — | — | — | — | 1 | 231 | ||||||||||||||||||||||
   Combination of concessions | — | — | 1 | 3,546 | — | — | ||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||
   Material extension of time | — | — | 1 | 68 | — | — | ||||||||||||||||||||||
   Forbearance agreement | — | — | — | — | 1 | 93 | ||||||||||||||||||||||
   Interest rate adjustment | — | — | — | — | 1 | 1,194 | ||||||||||||||||||||||
   Change in amortization period | — | — | — | — | 3 | 3,081 | ||||||||||||||||||||||
   Combination of concessions | 4 | 6,220 | 1 | 3,275 | — | — | ||||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||
   Material extension of time | 2 | 570 | 2 | 329 | — | — | ||||||||||||||||||||||
   Forbearance agreement | 1 | 3,096 | — | — | — | — | ||||||||||||||||||||||
   Interest rate adjustment | — | — | — | — | 1 | 195 | ||||||||||||||||||||||
   Change in amortization period | 1 | 346 | — | — | 1 | 355 | ||||||||||||||||||||||
   Combination of concessions | 1 | 134 | 1 | 195 | 1 | 78 | ||||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||
   Material extension of time | 1 | 35 | 4 | 426 | — | — | ||||||||||||||||||||||
   Forbearance agreement | 1 | 480 | — | — | — | — | ||||||||||||||||||||||
   Combination of concessions | — | — | 2 | 182 | — | — | ||||||||||||||||||||||
Total | 28 | $ | 16,378 | 22 | $ | 20,765 | 36 | $ | 29,736 | |||||||||||||||||||
Loans Receivable Modified as Troubled Debt Restructurings, Previous 12 Months, Subsequently Defaulted | ' | |||||||||||||||||||||||||||
The following table represents loans receivable modified as TDRs within the 12 months previous to December 31, 2013, 2012 and 2011, respectively, and that subsequently defaulted during the 12 month periods ended December 31, 2013, 2012 and 2011, 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: | Twelve Months Ended | |||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | December 31, 2011 | ||||||||||||||||||||||||||
(dollars in thousands) | Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | ||||||||||||||||||||||
   Commercial and industrial | 8 | $ | 1,372 | 3 | $ | 3,901 | 4 | $ | 5,531 | |||||||||||||||||||
   Owner occupied real estate | 3 | 926 | — | — | — | — | ||||||||||||||||||||||
   Commercial construction | 2 | 2,288 | 6 | 6,169 | 11 | 9,162 | ||||||||||||||||||||||
     and land development | ||||||||||||||||||||||||||||
   Commercial real estate | 1 | 3,275 | 1 | 66 | 2 | 747 | ||||||||||||||||||||||
   Residential | 2 | 3,338 | 2 | 258 | 3 | 617 | ||||||||||||||||||||||
   Consumer | 2 | 553 | 4 | 308 | — | — | ||||||||||||||||||||||
Total | 18 | $ | 11,752 | 16 | $ | 10,702 | 20 | $ | 16,057 | |||||||||||||||||||
Loan_Commitments_and_Standby_L1
Loan Commitments and Standby Letters of Credit (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Guarantees [Abstract] | ' | ||||||
Schedule of Exposure to Credit Loss for Loan Commitments and Standby Letters of Credit | ' | ||||||
The Company's maximum exposure to credit loss for loan commitments (unfunded loans and unused lines of credit, including home equity lines of credit) and standby letters of credit outstanding were as follows: | |||||||
December 31, | |||||||
(in thousands) | 2013 | 2012 | |||||
Unfunded commitments of existing commercial loans | $ | 385,674 | $ | 308,721 | |||
Unfunded commitments of existing consumer/residential loans | 106,024 | 98,903 | |||||
Standby letters of credit | 37,217 | 34,052 | |||||
Commitments to grant loans | 32,077 | 4,862 | |||||
Total | $ | 560,992 | $ | 446,538 | |||
Premises_Equipment_and_Leases_
Premises, Equipment and Leases (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Property, Plant and Equipment [Abstract] | ' | ||||||
Premises and Equipment | ' | ||||||
The estimated life for leasehold improvements is based on the shorter of the useful life or the lease term. | |||||||
Years | |||||||
Buildings and leasehold improvements | Jan-40 | ||||||
Furniture, fixtures and equipment | 10-Feb | ||||||
A summary of premises and equipment is as follows: | |||||||
December 31, | |||||||
(in thousands) | 2013 | 2012 | |||||
Land | $ | 16,736 | $ | 16,736 | |||
Buildings | 67,394 | 67,047 | |||||
Construction in process | 990 | 1,199 | |||||
Leasehold improvements | 2,679 | 2,677 | |||||
Furniture, fixtures and equipment | 34,586 | 32,938 | |||||
122,385 | 120,597 | ||||||
Less accumulated depreciation and amortization | 46,602 | 41,809 | |||||
Total | $ | 75,783 | $ | 78,788 | |||
Schedule of Future Minimum Rental Payments for Operating Leases | ' | ||||||
At December 31, 2013 future minimum lease payments for noncancelable operating leases are payable as follows: | |||||||
(in thousands) | |||||||
2014 | $ | 2,578 | |||||
2015 | 2,360 | ||||||
2016 | 2,212 | ||||||
2017 | 2,023 | ||||||
2018 | 1,970 | ||||||
Thereafter | 15,076 | ||||||
Total minimum lease payments | $ | 26,219 | |||||
Deposits_Tables
Deposits (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Deposits [Abstract] | ' | ||||||
Deposit Liabilities | ' | ||||||
The composition of the Bank's deposits at December 31, 2013 and 2012 is as follows: | |||||||
December 31, | |||||||
(in thousands) | 2013 | 2012 | |||||
Noninterest-bearing demand | $ | 443,287 | $ | 455,000 | |||
Interest checking and money market | 1,110,568 | 1,133,765 | |||||
Savings | 496,495 | 444,976 | |||||
Time certificates of $100,000 or more | 105,620 | 103,980 | |||||
Other time certificates | 83,651 | 93,570 | |||||
Total | $ | 2,239,621 | $ | 2,231,291 | |||
Scheduled Maturities of Time Deposits | ' | ||||||
At December 31, 2013, the scheduled maturities of time deposits are as follows: | |||||||
(in thousands) | |||||||
2014 | $ | 136,723 | |||||
2015 | 20,503 | ||||||
2016 | 4,951 | ||||||
2017 | 4,205 | ||||||
2018 | 22,889 | ||||||
Total | $ | 189,271 | |||||
Longterm_Debt_Tables
Long-term Debt (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Debt Disclosure [Abstract] | ' | |||
Schedule of Maturities of Long-term Debt | ' | |||
The scheduled maturities for long-term debt over the next five years and thereafter are as follows: | ||||
(in thousands) | ||||
2014-2018 | $ | — | ||
Thereafter | 15,800 | |||
Total | $ | 15,800 | ||
Income_Taxes_Income_Taxes_Tabl
Income Taxes Income Taxes (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||
Reconciliation of Income Tax Provision (Benefit) | ' | |||||||||
A reconciliation of the provision (benefit) for income taxes and the amount that would have been provided at statutory rates is as follows: | ||||||||||
Years Ended December 31, | ||||||||||
(in thousands) | 2013 | 2012 | 2011 | |||||||
Provision (benefit) at statutory rate on pretax income (loss) | $ | 8,601 | $ | 5,533 | $ | (392 | ) | |||
Tax-exempt income on loans and investments | (1,498 | ) | (1,390 | ) | (1,314 | ) | ||||
Stock-based compensation | 162 | 203 | 222 | |||||||
Civil money penalty | — | 525 | — | |||||||
Other | 51 | 43 | 40 | |||||||
Total | $ | 7,316 | $ | 4,914 | $ | (1,444 | ) | |||
Components of Income Tax Expense (Benefit) | ' | |||||||||
The components of income tax expense (benefit) are as follows:Â | ||||||||||
Years Ended December 31, | ||||||||||
(in thousands) | 2013 | 2012 | 2011 | |||||||
Current expense | $ | 7,179 | $ | 4,796 | $ | 67 | ||||
Deferred expense (benefit) | 137 | 118 | (1,511 | ) | ||||||
Total | $ | 7,316 | $ | 4,914 | $ | (1,444 | ) | |||
Schedule of Deferred Tax Assets and Liabilities | ' | |||||||||
The components of the net deferred tax asset were as follows: | ||||||||||
December 31, | ||||||||||
(in thousands) | 2013 | 2012 | ||||||||
Deferred tax assets: | ||||||||||
Allowance for loan losses | $ | 8,089 | $ | 8,596 | ||||||
Unrealized losses on securities | 8,893 | — | ||||||||
Stock-based compensation | 1,295 | 1,094 | ||||||||
Nonaccrual interest | 1,330 | 1,605 | ||||||||
Other | 902 | 447 | ||||||||
Total deferred tax assets | 20,509 | 11,742 | ||||||||
Deferred tax liabilities: | ||||||||||
Premises and equipment | (3,599 | ) | (3,762 | ) | ||||||
Unrealized gains on securities | — | (3,730 | ) | |||||||
Prepaid expenses | (353 | ) | (254 | ) | ||||||
Deferred loan fees | (1,046 | ) | (971 | ) | ||||||
Total deferred tax liabilities | (4,998 | ) | (8,717 | ) | ||||||
Net deferred tax asset | $ | 15,511 | $ | 3,025 | ||||||
Earnings_per_Share_Tables
Earnings per Share (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Earnings (Loss) Per Share, Basic and Diluted | ' | ||||||||||||||||||||||||
The following table sets forth the computation of basic and diluted earnings per share: | |||||||||||||||||||||||||
For the Years Ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
(in thousands, except per share amounts) | Income | Weighted-average Shares | Per Share | Income | Weighted-average Shares | Per Share | Income | Weighted-average Shares | Per Share | ||||||||||||||||
Amount | Amount | Amount | |||||||||||||||||||||||
Basic earnings per share: | |||||||||||||||||||||||||
Net income | $ | 17,260 | $ | 10,894 | $ | 289 | |||||||||||||||||||
Preferred stock dividends | (80 | ) | (80 | ) | (80 | ) | |||||||||||||||||||
Income available to | 17,180 | 14,142 | $ | 1.21 | 10,814 | 14,128 | $ | 0.77 | 209 | 13,919 | $ | 0.02 | |||||||||||||
common stockholders | |||||||||||||||||||||||||
Effect of dilutive securities: | |||||||||||||||||||||||||
Stock options | 148 | — | — | ||||||||||||||||||||||
Diluted earnings per share: | |||||||||||||||||||||||||
Income available to | $ | 17,180 | 14,290 | $ | 1.2 | $ | 10,814 | 14,128 | $ | 0.77 | $ | 209 | 13,919 | $ | 0.02 | ||||||||||
 common stockholders plus | |||||||||||||||||||||||||
assumed conversions | |||||||||||||||||||||||||
Stock_Option_Plans_Tables
Stock Option Plans (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||
Stock Options, Activity | ' | |||||||||||||||
Combined stock option transactions under both Plans were as follows: | ||||||||||||||||
Years Ended December 31, | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Options | Weighted Avg. | Options | Weighted Avg. | Options | Weighted Avg. | |||||||||||
Exercise Price | Exercise Price | Exercise Price | ||||||||||||||
Outstanding at beginning of year | 1,273,731 | $ | 19.21 | 1,076,067 | $ | 20.86 | 1,069,774 | $ | 21.74 | |||||||
Granted | 126,571 | 16.55 | 241,575 | 11.5 | 242,300 | 12.01 | ||||||||||
Exercised | (25,105 | ) | 13.17 | — | — | — | — | |||||||||
Forfeited/expired | (108,859 | ) | 18.05 | (43,911 | ) | 17.25 | (236,007 | ) | 15.76 | |||||||
Outstanding at end of year | 1,266,338 | $ | 19.17 | 1,273,731 | $ | 19.21 | 1,076,067 | $ | 20.86 | |||||||
Exercisable at December 31 | 843,011 | $ | 22.18 | 789,129 | $ | 23.58 | 670,258 | $ | 25.08 | |||||||
Options available for grant at December 31 | 226,899 | 327,184 | 549,003 | |||||||||||||
Weighted-average fair value of options | $ | 7.55 | $ | 5.99 | $ | 6.42 | ||||||||||
  granted during the year | ||||||||||||||||
Shares Authorized under Stock Option Plans, by Exercise Price Range | ' | |||||||||||||||
Exercise prices for options outstanding as of December 31, 2013 are presented in the following table: | ||||||||||||||||
Options | Weighted | Weighted Avg. | Options | Weighted | ||||||||||||
Outstanding | Avg. Exercise | Remaining | Exercisable | Avg. Exercise | ||||||||||||
 Price | Contractual | Price | ||||||||||||||
Life | ||||||||||||||||
Options with exercise prices ranging from | 662,525 | $ | 12.68 | 6.9 years | 363,394 | $ | 13.43 | |||||||||
   $8.46 to $16.41 | ||||||||||||||||
Options with exercise prices ranging from | 213,783 | 20.21 | 5.4 years | 89,587 | 25.28 | |||||||||||
   $16.42 to $25.38 | ||||||||||||||||
Options with exercise prices ranging from | 390,030 | 29.61 | 2.8 years | 390,030 | 29.61 | |||||||||||
   $25.39 to $33.50 | ||||||||||||||||
Total options outstanding with exercise | 1,266,338 | $ | 19.17 | 5.4 years | 843,011 | $ | 22.18 | |||||||||
   prices ranging from $8.46 to $33.50 | ||||||||||||||||
Schedule of Nonvested Share Activity | ' | |||||||||||||||
The following table represents nonvested options as of December 31, 2013: | ||||||||||||||||
Number of | Weighted Avg. | |||||||||||||||
Shares | Grant Date | |||||||||||||||
Fair Value | ||||||||||||||||
Nonvested options, | December 31, 2012 | 484,602 | $ | 6.24 | ||||||||||||
Granted | 126,571 | 7.55 | ||||||||||||||
Vested | (172,158 | ) | 6.35 | |||||||||||||
Forfeited | (15,688 | ) | 6.29 | |||||||||||||
Nonvested options, | December 31, 2013 | 423,327 | $ | 6.59 | ||||||||||||
Regulatory_Matters_Tables
Regulatory Matters (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Regulatory Matters [Abstract] | ' | |||||||||||||||||||
Schedule of Compliance with Regulatory Capital Requirements Under Banking Regulations | ' | |||||||||||||||||||
The following table presents the risk-based and leverage capital amounts and ratios at December 31, 2013 and 2012 for the Company and the Bank: | ||||||||||||||||||||
Actual | For Capital | To Be Well-Capitalized | ||||||||||||||||||
Adequacy Purposes | Under Prompt Corrective | |||||||||||||||||||
Action Provisions | ||||||||||||||||||||
(dollars in thousands) | Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||
Company as of December 31, 2013 | ||||||||||||||||||||
Risk-based capital ratios: | ||||||||||||||||||||
Total capital | $ | 284,808 | 14.59 | % | ≥ | $ | 156,168 | ≥ | 8 | % | ≥ | N/A | ≥ | N/A | ||||||
Tier 1 capital | 261,697 | 13.41 | ≥ | 78,084 | ≥ | 4 | ≥ | N/A | ≥ | N/A | ||||||||||
Leverage ratio | 261,697 | 9.39 | ≥ | 111,482 | ≥ | 4 | ≥ | N/A | ≥ | N/A | ||||||||||
Bank as of December 31, 2013 | ||||||||||||||||||||
Risk-based capital ratios: | ||||||||||||||||||||
Total capital | $ | 274,954 | 14.09 | % | ≥ | $ | 156,101 | ≥ | 8 | % | ≥ | $ | 195,126 | ≥ | 10 | % | ||||
Tier 1 capital | 251,844 | 12.91 | ≥ | 78,050 | ≥ | 4 | ≥ | 117,076 | ≥ | 6 | ||||||||||
Leverage ratio | 251,844 | 9.04 | ≥ | 111,448 | ≥ | 4 | ≥ | 139,310 | ≥ | 5 | ||||||||||
Company as of December 31, 2012 | ||||||||||||||||||||
Risk-based capital ratios: | ||||||||||||||||||||
Total capital | $ | 264,944 | 15.22 | % | ≥ | $ | 139,227 | ≥ | 8 | % | ≥ | N/A | ≥ | N/A | ||||||
Tier 1 capital | 243,147 | 13.97 | ≥ | 69,614 | ≥ | 4 | ≥ | N/A | ≥ | N/A | ||||||||||
Leverage ratio | 243,147 | 9.61 | ≥ | 101,172 | ≥ | 4 | ≥ | N/A | ≥ | N/A | ||||||||||
Bank as of December 31, 2012 | ||||||||||||||||||||
Risk-based capital ratios: | ||||||||||||||||||||
Total capital | $ | 253,852 | 14.59 | % | ≥ | $ | 139,160 | ≥ | 8 | % | ≥ | $ | 173,950 | ≥ | 10 | % | ||||
Tier 1 capital | 232,065 | 13.34 | ≥ | 69,580 | ≥ | 4 | ≥ | 104,370 | ≥ | 6 | ||||||||||
Leverage ratio | 232,065 | 9.18 | ≥ | 101,167 | ≥ | 4 | ≥ | 126,459 | ≥ | 5 | ||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 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 December 31, 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) | ||||||||||||
December 31, 2013 | ||||||||||||||||
U.S. Government agency securities | $ | 29,926 | $ | — | $ | 29,926 | $ | — | ||||||||
Residential MBSs | 62,500 | — | 62,500 | — | ||||||||||||
Agency CMOs | 467,064 | — | 467,064 | — | ||||||||||||
Municipal securities | 26,433 | — | 26,433 | — | ||||||||||||
Securities available for sale | $ | 585,923 | $ | — | $ | 585,923 | $ | — | ||||||||
 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) | ||||||||||||
December 31, 2013 | ||||||||||||||||
Impaired loans with specific allocation | $ | 5,707 | $ | — | $ | — | $ | 5,707 | ||||||||
Impaired loans net of partial charge-offs | 10,428 | — | — | 10,428 | ||||||||||||
Foreclosed assets | 1,938 | — | — | 1,938 | ||||||||||||
Total | $ | 18,073 | $ | — | $ | — | $ | 18,073 | ||||||||
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 December 31, 2013 and 2012: | ||||||||||||||||
Fair Value Measurements at December 31, 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 | $ | 44,996 | $ | 44,996 | $ | 44,996 | $ | — | $ | — | ||||||
Securities | 869,737 | 849,620 | — | 849,620 | — | |||||||||||
Loans, held for sale | 6,225 | 6,371 | — | — | 6,371 | |||||||||||
Loans receivable, net | 1,727,762 | 1,734,609 | — | — | 1,734,609 | |||||||||||
Restricted investments in bank stock | 20,564 | 20,564 | — | — | 20,564 | |||||||||||
Accrued interest receivable | 7,059 | 7,059 | 7,059 | — | — | |||||||||||
Financial liabilities: | ||||||||||||||||
Deposits | $ | 2,239,621 | $ | 2,241,179 | $ | — | $ | — | $ | 2,241,179 | ||||||
Short-term borrowings | 277,750 | 277,750 | 277,750 | — | — | |||||||||||
Long-term debt | 15,800 | 12,642 | — | — | 12,642 | |||||||||||
Accrued interest payable | 218 | 218 | 218 | — | — | |||||||||||
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 | — | — | — | — | — | |||||||||||
Quarterly_Financial_Data_unaud1
Quarterly Financial Data (unaudited) (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||
Schedule of Quarterly Financial Information | ' | ||||||||||||
The following represents summarized unaudited quarterly financial data of the Company which, in the opinion of management, reflects adjustments (comprising only normal recurring accruals) necessary for fair presentation, note that certain balances may not cross foot due to rounding: | |||||||||||||
Three Months Ended | |||||||||||||
(in thousands, except per share amounts) | 31-Dec | 30-Sep | 30-Jun | 31-Mar | |||||||||
2013 | |||||||||||||
Interest income | $ | 25,403 | $ | 24,866 | $ | 24,612 | $ | 24,445 | |||||
Interest expense | 2,074 | 1,999 | 2,013 | 2,110 | |||||||||
Net interest income | 23,329 | 22,867 | 22,599 | 22,335 | |||||||||
Provision for loan losses | 1,575 | 1,200 | 1,800 | 2,300 | |||||||||
Noninterest income | 7,965 | 7,516 | 7,334 | 7,375 | |||||||||
Net gains (loss) on sales/calls of securities | 643 | — | (9 | ) | 30 | ||||||||
Noninterest expense | 22,737 | 22,443 | 22,360 | 22,329 | |||||||||
Provision for federal income taxes | 2,091 | 2,064 | 1,725 | 1,436 | |||||||||
Net income | 4,891 | 4,676 | 4,048 | 3,645 | |||||||||
Net income per share: | |||||||||||||
Basic | $ | 0.34 | $ | 0.33 | $ | 0.28 | $ | 0.26 | |||||
Diluted | 0.34 | 0.32 | 0.28 | 0.26 | |||||||||
2012 | |||||||||||||
Interest income | $ | 24,096 | $ | 24,255 | $ | 24,625 | $ | 24,332 | |||||
Interest expense | 2,262 | 2,477 | 2,655 | 2,716 | |||||||||
Net interest income | 21,834 | 21,778 | 21,970 | 21,616 | |||||||||
Provision for loan losses | 2,150 | 2,500 | 2,950 | 2,500 | |||||||||
Noninterest income | 7,805 | 7,148 | 7,460 | 7,441 | |||||||||
Net gains (loss) on sales of securities | 92 | (37 | ) | 12 | 984 | ||||||||
Noninterest expense | 22,486 | 23,053 | 22,674 | 22,931 | |||||||||
Provision for federal income taxes | 1,547 | 1,381 | 1,044 | 942 | |||||||||
Net income | 3,456 | 1,992 | 2,762 | 2,684 | |||||||||
Net income per share: | |||||||||||||
Basic | $ | 0.24 | $ | 0.14 | $ | 0.19 | $ | 0.19 | |||||
Diluted | 0.24 | 0.14 | 0.19 | 0.19 | |||||||||
Condensed_Financial_Statements1
Condensed Financial Statements of Parent Company (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||
Condensed Financial Statements of Parent Company | ' | |||||||||
Balance Sheets | ||||||||||
December 31, | ||||||||||
(in thousands, except share and per share amounts) | 2013 | 2012 | ||||||||
Assets | ||||||||||
Cash | $ | 10,308 | $ | 11,765 | ||||||
Investment in subsidiaries: | ||||||||||
Banking subsidiary | 235,329 | 239,305 | ||||||||
Nonbanking subsidiaries | 800 | 800 | ||||||||
Other assets | 40 | 54 | ||||||||
Total assets | $ | 246,477 | $ | 251,924 | ||||||
Liabilities | ||||||||||
Long-term debt | $ | 15,800 | $ | 15,800 | ||||||
Other liabilities | 494 | 737 | ||||||||
Total liabilities | 16,294 | 16,537 | ||||||||
Stockholders' Equity | ||||||||||
Total stockholders' equity | 230,183 | 235,387 | ||||||||
Total liabilities and stockholders' equity | $ | 246,477 | $ | 251,924 | ||||||
Statements of Operations | ||||||||||
Years Ended December 31, | ||||||||||
(in thousands) | 2013 | 2012 | 2011 | |||||||
Income | ||||||||||
Interest income | $ | 62 | $ | 95 | $ | 122 | ||||
Debt prepayment charge | — | (140 | ) | (75 | ) | |||||
62 | (45 | ) | 47 | |||||||
Expenses | ||||||||||
Interest expense | 1,227 | 1,949 | 2,611 | |||||||
Other | 556 | 1,441 | 2,293 | |||||||
1,783 | 3,390 | 4,904 | ||||||||
Loss before income tax benefit and equity in undistributed net income of subsidiaries | (1,721 | ) | (3,435 | ) | (4,857 | ) | ||||
Income tax benefit | 595 | 1,168 | 1,651 | |||||||
(1,126 | ) | (2,267 | ) | (3,206 | ) | |||||
Equity in undistributed net income of bank subsidiary | 18,386 | 13,161 | 3,495 | |||||||
Net income | $ | 17,260 | $ | 10,894 | $ | 289 | ||||
Statements of Cash Flows | ||||||||||
Years Ended December 31, | ||||||||||
(in thousands) | 2013 | 2012 | 2011 | |||||||
Operating Activities | ||||||||||
Net income | $ | 17,260 | $ | 10,894 | $ | 289 | ||||
Adjustments to reconcile net income to net cash (used in) provided by operating activities: | ||||||||||
Amortization of financing costs | 2 | 29 | 8 | |||||||
Stock-based compensation | 948 | 1,082 | 1,250 | |||||||
Debt prepayment charge | — | 140 | 75 | |||||||
(Decrease) increase in other liabilities | (243 | ) | 217 | (108 | ) | |||||
(Increase) decrease in other assets | (11 | ) | 2,625 | 1,990 | ||||||
Equity in undistributed net income of bank subsidiary | (18,386 | ) | (13,161 | ) | (3,495 | ) | ||||
Net cash (used by) provided by operating activities | (430 | ) | 1,826 | 9 | ||||||
Investing Activities | ||||||||||
Investment in bank subsidiary | (1,369 | ) | (1,126 | ) | (5,052 | ) | ||||
Net cash used by investing activities | (1,369 | ) | (1,126 | ) | (5,052 | ) | ||||
Financing Activities | ||||||||||
Proceeds from common stock options exercised | 304 | — | — | |||||||
Proceeds from issuance of common stock under stock purchase plan | 67 | 44 | 3,802 | |||||||
Repayment of long-term debt | — | (8,540 | ) | (5,275 | ) | |||||
Tax benefit on exercise of stock options | 51 | — | — | |||||||
Cash dividends on preferred stock | (80 | ) | (80 | ) | (80 | ) | ||||
Net cash provided by (used by) financing activities | 342 | (8,576 | ) | (1,553 | ) | |||||
Decrease in cash and cash equivalents | (1,457 | ) | (7,876 | ) | (6,596 | ) | ||||
Cash and cash equivalents at beginning of the year | 11,765 | 19,641 | 26,237 | |||||||
Cash and cash equivalents at end of year | $ | 10,308 | $ | 11,765 | $ | 19,641 | ||||
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
bank | |||
store | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Number of banks | 1 | ' | ' |
Number of financial services retailer stores | 33 | ' | ' |
Proceeds from sale of loans held for sale | $63,573,000 | $76,277,000 | $60,822,000 |
Gain on sales of loans | 955,000 | 1,220,000 | 2,728,000 |
Loans, held for sale | 6,225,000 | 15,183,000 | ' |
Loans Held-for-sale, Consumer, Installment, Student | 3,100,000 | 3,800,000 | ' |
Loans Held-for-sale, Mortgages | 3,100,000 | 11,400,000 | ' |
Federal Home Loan Bank Stock, Membership Requirement | 5,000,000 | ' | ' |
Federal Home Loan Bank Stock, Borrowing Requirement | 15,500,000 | ' | ' |
Other Assets [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Foreclosed assets | 4,500,000 | 2,500,000 | ' |
Federal Home Loan Bank Certificates and Obligations (FHLB) [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Restricted investments in bank stock | 20,500,000 | ' | ' |
Atlantic Central Bankers Bank (ACBB) Stock [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Restricted investments in bank stock | 65,000 | ' | ' |
SBA Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Proceeds from sale of loans held for sale | 0 | 0 | 12,100,000 |
Gain on sales of loans | ' | ' | $1,900,000 |
Maximum [Member] | Residential Mortgage [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Sale of loans held for sale, period from funding date to sale date | '30 days | ' | ' |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies (Expenses Associated with Foreclosed Assets) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Real Estate Properties [Line Items] | ' | ' | ' |
Net loss (gain) on sales of real estate | $54 | $649 | ($116) |
Total foreclosed real estate expense | 422 | 1,335 | 2,275 |
Foreclosed [Member] | ' | ' | ' |
Real Estate Properties [Line Items] | ' | ' | ' |
Operating expenses, net of rental income | 279 | 429 | 331 |
Loss on write-down on foreclosed real estate | 89 | 257 | 2,060 |
Net loss (gain) on sales of real estate | $54 | $649 | ($116) |
Restrictions_on_Cash_and_Due_f1
Restrictions on Cash and Due from Bank Accounts (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Restricted Cash and Investments [Abstract] | ' | ' |
Average reserve balances with FRB | $4.70 | $3.60 |
Securities_Amortized_cost_and_
Securities (Amortized cost and fair value of securities) (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Available-for-sale Securities | ' | ' |
Available-for-sale securities, amortized cost basis | $611,331,000 | $664,139,000 |
Securities available for sale, gross unrealized gains | 1,141,000 | 11,967,000 |
Securities available for sale, gross unrealized losses | -26,549,000 | -997,000 |
Available-for-sale securities, fair value | 585,923,000 | 675,109,000 |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 283,814,000 | 269,783,000 |
Securities held to maturity, gross unrealized gains | 597,000 | 4,251,000 |
Securities held to maturity, gross unrealized losses | -20,714,000 | -363,000 |
Securities, held to maturity, fair value | 263,697,000 | 273,671,000 |
Debt Securities [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 157,072,000 | ' |
Securities, held to maturity, fair value | 140,972,000 | ' |
U.S. Government agency securities [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 149,096,000 | 178,926,000 |
Securities held to maturity, gross unrealized gains | 0 | 700,000 |
Securities held to maturity, gross unrealized losses | -16,082,000 | -363,000 |
Securities, held to maturity, fair value | 133,014,000 | 179,263,000 |
Residential mortgage-backed securities [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 7,849,000 | 23,827,000 |
Securities held to maturity, gross unrealized gains | 197,000 | 1,889,000 |
Securities held to maturity, gross unrealized losses | 0 | 0 |
Securities, held to maturity, fair value | 8,046,000 | 25,716,000 |
Agency CMOs [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 118,893,000 | 49,051,000 |
Securities held to maturity, gross unrealized gains | 251,000 | 1,587,000 |
Securities held to maturity, gross unrealized losses | -4,465,000 | 0 |
Securities, held to maturity, fair value | 114,679,000 | 50,638,000 |
Corporate Debt Securities [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 5,000,000 | 15,000,000 |
Securities held to maturity, gross unrealized gains | 149,000 | 13,000 |
Securities held to maturity, gross unrealized losses | 0 | 0 |
Securities, held to maturity, fair value | 5,149,000 | 15,013,000 |
Municipal securities [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 2,976,000 | 2,979,000 |
Securities held to maturity, gross unrealized gains | 0 | 62,000 |
Securities held to maturity, gross unrealized losses | -167,000 | 0 |
Securities, held to maturity, fair value | 2,809,000 | 3,041,000 |
Debt Securities [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Available-for-sale securities, amortized cost basis | 61,945,000 | ' |
Available-for-sale securities, fair value | 56,359,000 | ' |
U.S. Government agency securities [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Available-for-sale securities, amortized cost basis | 33,995,000 | 33,994,000 |
Securities available for sale, gross unrealized gains | 0 | 19,000 |
Securities available for sale, gross unrealized losses | -4,069,000 | -252,000 |
Available-for-sale securities, fair value | 29,926,000 | 33,761,000 |
Residential mortgage-backed securities [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Available-for-sale securities, amortized cost basis | 65,795,000 | 55,614,000 |
Securities available for sale, gross unrealized gains | 0 | 1,596,000 |
Securities available for sale, gross unrealized losses | -3,295,000 | 0 |
Available-for-sale securities, fair value | 62,500,000 | 57,210,000 |
Agency CMOs [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Available-for-sale securities, amortized cost basis | 483,591,000 | 547,641,000 |
Securities available for sale, gross unrealized gains | 1,141,000 | 9,971,000 |
Securities available for sale, gross unrealized losses | -17,668,000 | -745,000 |
Available-for-sale securities, fair value | 467,064,000 | 556,867,000 |
Municipal securities [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Available-for-sale securities, amortized cost basis | 27,950,000 | 26,890,000 |
Securities available for sale, gross unrealized gains | 0 | 381,000 |
Securities available for sale, gross unrealized losses | -1,517,000 | 0 |
Available-for-sale securities, fair value | $26,433,000 | $27,271,000 |
Securities_Amortized_cost_and_1
Securities (Amortized cost and fair value of debt securities by contractrual maturity) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Available-for-sale Securities | ' | ' |
Securities available for sale, amortized cost | $611,331,000 | $664,139,000 |
Securities available for sale, fair value | 585,923,000 | 675,109,000 |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 283,814,000 | 269,783,000 |
Securities held to maturity, fair value | 263,697,000 | 273,671,000 |
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 | 5,000,000 | ' |
Due after five years through ten years, amortized cost | 70,000,000 | ' |
Due after ten years, amortized cost | 82,072,000 | ' |
Securities held to maturity, amortized cost | 157,072,000 | ' |
Due in one year or less, fair value | 0 | ' |
Due after one year through five years, fair value | 5,149,000 | ' |
Due after five years through ten years, fair value | 62,854,000 | ' |
Due after ten years, amortized cost | 72,969,000 | ' |
Securities held to maturity, fair value | 140,972,000 | ' |
Residential mortgage-backed securities [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 7,849,000 | 23,827,000 |
Securities held to maturity, fair value | 8,046,000 | 25,716,000 |
Agency CMOs [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Securities held to maturity, amortized cost | 118,893,000 | 49,051,000 |
Securities held to maturity, fair value | 114,679,000 | 50,638,000 |
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 | 48,534,000 | ' |
Due after ten years, amortized cost | 13,411,000 | ' |
Securities available for sale, amortized cost | 61,945,000 | ' |
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 | 43,963,000 | ' |
Due after ten years, fair value | 12,396,000 | ' |
Securities available for sale, fair value | 56,359,000 | ' |
Residential mortgage-backed securities [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Securities available for sale, amortized cost | 65,795,000 | 55,614,000 |
Securities available for sale, fair value | 62,500,000 | 57,210,000 |
Agency CMOs [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Securities available for sale, amortized cost | 483,591,000 | 547,641,000 |
Securities available for sale, fair value | $467,064,000 | $556,867,000 |
Securities_Gains_Losses_on_the
Securities (Gains (Losses) on the sales of debt securities and credit losses for OTTI of investments) (Details) (Debt Securities [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Debt Securities [Member] | ' | ' | ' |
Gain (Loss) on Investments [Line Items] | ' | ' | ' |
Gross Realized Gains | $1,826 | $2,889 | $983 |
Gross Realized (Losses) | -1,162 | -1,838 | -633 |
OTTI Credit Losses | 0 | -649 | -324 |
Net Gains | $664 | $402 | $26 |
Securities_Fair_value_and_gros
Securities (Fair value and gross unrealized losses) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Available-for-sale Securities | ' | ' |
Less than 12 months, fair value | $461,003 | $78,022 |
Less than 12 months, unrealized (losses) | -21,912 | -997 |
12 months or more, fair value | 37,423 | 0 |
12 months or more, unrealized (losses) | -4,637 | 0 |
Total, fair value | 498,426 | 78,022 |
Total, unrealized (losses) | -26,549 | -997 |
Held-to-maturity Securities | ' | ' |
Less than 12 months, fair value | 211,326 | 57,572 |
Less than 12 months, unrealized (losses) | -18,293 | -363 |
12 months or more, fair value | 22,579 | 0 |
12 months or more, unrealized (losses) | -2,421 | 0 |
Total, fair value | 233,905 | 57,572 |
Total, unrealized (losses) | -20,714 | -363 |
U.S. Government agency securities [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Less than 12 months, fair value | 110,435 | 57,572 |
Less than 12 months, unrealized (losses) | -13,661 | -363 |
12 months or more, fair value | 22,579 | 0 |
12 months or more, unrealized (losses) | -2,421 | 0 |
Total, fair value | 133,014 | 57,572 |
Total, unrealized (losses) | -16,082 | -363 |
Agency CMOs [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Less than 12 months, fair value | 98,082 | ' |
Less than 12 months, unrealized (losses) | -4,465 | ' |
12 months or more, fair value | 0 | ' |
12 months or more, unrealized (losses) | 0 | ' |
Total, fair value | 98,082 | ' |
Total, unrealized (losses) | -4,465 | ' |
Municipal securities [Member] | ' | ' |
Held-to-maturity Securities | ' | ' |
Less than 12 months, fair value | 2,809 | ' |
Less than 12 months, unrealized (losses) | -167 | ' |
12 months or more, fair value | 0 | ' |
12 months or more, unrealized (losses) | 0 | ' |
Total, fair value | 2,809 | ' |
Total, unrealized (losses) | -167 | ' |
U.S. Government agency securities [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Less than 12 months, fair value | 8,077 | 24,748 |
Less than 12 months, unrealized (losses) | -918 | -252 |
12 months or more, fair value | 21,849 | 0 |
12 months or more, unrealized (losses) | -3,151 | 0 |
Total, fair value | 29,926 | 24,748 |
Total, unrealized (losses) | -4,069 | -252 |
Residential mortgage-backed securities [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Less than 12 months, fair value | 62,500 | ' |
Less than 12 months, unrealized (losses) | -3,295 | ' |
12 months or more, fair value | 0 | ' |
12 months or more, unrealized (losses) | 0 | ' |
Total, fair value | 62,500 | ' |
Total, unrealized (losses) | -3,295 | ' |
Agency CMOs [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Less than 12 months, fair value | 363,993 | 53,274 |
Less than 12 months, unrealized (losses) | -16,182 | -745 |
12 months or more, fair value | 15,574 | 0 |
12 months or more, unrealized (losses) | -1,486 | 0 |
Total, fair value | 379,567 | 53,274 |
Total, unrealized (losses) | -17,668 | -745 |
Municipal securities [Member] | ' | ' |
Available-for-sale Securities | ' | ' |
Less than 12 months, fair value | 26,433 | ' |
Less than 12 months, unrealized (losses) | -1,517 | ' |
12 months or more, fair value | 0 | ' |
12 months or more, unrealized (losses) | 0 | ' |
Total, fair value | 26,433 | ' |
Total, unrealized (losses) | ($1,517) | ' |
Securities_Cumulative_life_cre
Securities (Cumulative life credit losses recognized in earnings) (Details) (Private-label CMOs [Member], USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 |
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward] | ' | ' |
Cumulative OTTI credit losses, beginning balance | $2,949 | $2,625 |
Additional increases for OTTI previously recognized when there is no intent to sell and no requirement to sell before recovery of amortized cost basis | 649 | 324 |
Reduction due to credit impaired securities sold | -3,598 | ' |
Cumulative OTTI credit losses recognized for securities still held, ending balance | 0 | 2,949 |
Available-for-sale Securities [Member] | ' | ' |
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward] | ' | ' |
Cumulative OTTI credit losses, beginning balance | 2,949 | 2,625 |
Additional increases for OTTI previously recognized when there is no intent to sell and no requirement to sell before recovery of amortized cost basis | 649 | 324 |
Reduction due to credit impaired securities sold | -3,598 | ' |
Cumulative OTTI credit losses recognized for securities still held, ending balance | 0 | 2,949 |
Held-to-maturity Securities [Member] | ' | ' |
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward] | ' | ' |
Cumulative OTTI credit losses, beginning balance | 0 | 0 |
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 |
Reduction due to credit impaired securities sold | 0 | ' |
Cumulative OTTI credit losses recognized for securities still held, ending balance | $0 | $0 |
Securities_Narrative_Details
Securities (Narrative) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
security_type | security | security | |||||||||
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of securities sold | ' | ' | ' | ' | ' | ' | ' | ' | ' | 48 | 13 |
Investment securities, fair value | ' | ' | ' | ' | $305,400,000 | ' | ' | ' | ' | $305,400,000 | $126,200,000 |
Net gains on sales/calls of securities | 643,000 | 0 | -9,000 | 30,000 | 92,000 | -37,000 | 12,000 | 984,000 | 664,000 | 1,051,000 | 350,000 |
Gain (Loss) on Sale of Securities, Tax | ' | ' | ' | ' | ' | ' | ' | ' | 232,000 | 368,000 | 119,000 |
Securities, held to maturity, fair value | 263,697,000 | ' | ' | ' | 273,671,000 | ' | ' | ' | 263,697,000 | 273,671,000 | ' |
Number of securities, type | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' |
Corporate Debt, Mortgage Back Securities And Collateralized Mortgage Obligations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of securities sold | ' | ' | ' | ' | ' | ' | ' | ' | 28 | ' | ' |
Investment securities, fair value | 98,500,000 | ' | ' | ' | ' | ' | ' | ' | 98,500,000 | ' | ' |
Net gains on sales/calls of securities | ' | ' | ' | ' | ' | ' | ' | ' | 512,000 | ' | ' |
Collateralized mortgage obligations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of securities, type | ' | ' | ' | ' | ' | ' | ' | ' | 46 | ' | ' |
Mortgage Backed Securities, Other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of securities, type | ' | ' | ' | ' | ' | ' | ' | ' | 10 | ' | ' |
Government Agency Debentures [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net gains on sales/calls of securities | ' | ' | ' | ' | ' | ' | ' | ' | 152,000 | ' | ' |
Investment securities, value called by issuing agency | ' | ' | ' | ' | ' | ' | ' | ' | 50,000,000 | ' | 60,000,000 |
Number of Securities Called at Par | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 11 | 3 |
Municipal Bonds [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of securities, type | ' | ' | ' | ' | ' | ' | ' | ' | 28 | ' | ' |
Corporate debentures [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Securities Called at Par | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' |
Agency and Corporate Debentures [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net gains on sales/calls of securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' |
Investment securities, value called by issuing agency | ' | ' | ' | ' | ' | ' | ' | ' | ' | 160,300,000 | ' |
Bonds [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net gains on sales/calls of securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 |
Securities, held to maturity, fair value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 60,000,000 |
U.S. Government agency securities [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of securities, type | ' | ' | ' | ' | ' | ' | ' | ' | 11 | ' | ' |
Securities Pledged as Collateral [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Securities pledged to secure public deposits and other | 691,300,000 | ' | ' | ' | 713,600,000 | ' | ' | ' | 691,300,000 | 713,600,000 | ' |
Actual [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Held to maturity securities, ratio of remaining par value to original purchases par value (less than) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.00% |
Threshold [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Held to maturity securities, ratio of remaining par value to original purchases par value (less than) | ' | ' | ' | ' | ' | ' | ' | ' | 15.00% | 15.00% | 15.00% |
Available-for-sale Securities [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of securities sold | ' | ' | ' | ' | ' | ' | ' | ' | 16 | 41 | 12 |
Investment securities, fair value | 76,300,000 | ' | ' | ' | 299,300,000 | ' | ' | ' | 76,300,000 | 299,300,000 | 125,300,000 |
Available-for-sale Securities [Member] | Mortgage Backed Securities, Other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of securities sold | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' |
Available-for-sale Securities [Member] | Private-label CMOs [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of securities sold | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8 | ' |
Securities, held to maturity, fair value | ' | ' | ' | ' | 20,100,000 | ' | ' | ' | ' | 20,100,000 | ' |
Available-for-sale Securities [Member] | Collateralized Mortgage Obligations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of securities sold | ' | ' | ' | ' | ' | ' | ' | ' | 14 | ' | ' |
Held-to-maturity Securities [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment securities, fair value | 12,200,000 | ' | ' | ' | ' | ' | ' | ' | 12,200,000 | ' | ' |
Held-to-maturity Securities [Member] | Mortgage Backed Securities, Other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of securities sold | ' | ' | ' | ' | ' | ' | ' | ' | 10 | 7 | 1 |
Securities, held to maturity, fair value | ' | ' | ' | ' | 6,100,000 | ' | ' | ' | ' | 6,100,000 | 852,000 |
Held-to-maturity Securities [Member] | Collateralized Mortgage Obligations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of securities sold | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' |
Held-to-maturity Securities [Member] | Bonds [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of securities sold | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' |
Held-to-maturity Securities [Member] | Sold Prior to Maturity [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment securities, fair value | $10,000,000 | ' | ' | ' | ' | ' | ' | ' | $10,000,000 | ' | ' |
Loans_Receivable_and_Allowance2
Loans Receivable and Allowance for Loan Losses (Summary of Loans Receivable) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Reclassified, no longer deemed related party transaction [Member] | Directors and Executive Officers [Member] | Directors and Executive Officers [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] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Qualifying loans pledged as FHLB collateral | $510,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Bank Loans Receivable, Net: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total loans receivable | 1,750,872,000 | 1,528,797,000 | ' | ' | -5,556,000 | ' | ' | 447,144,000 | 376,988,000 | ' | ' | 81,734,000 | 92,202,000 | ' | ' | 302,417,000 | 268,372,000 | ' | ' | 133,176,000 | 100,399,000 | ' | ' | 473,188,000 | 394,404,000 | ' | ' | 97,766,000 | 83,899,000 | ' | ' | 215,447,000 | 212,533,000 | ' | ' |
Less: allowance for loan losses | -23,110,000 | -25,282,000 | -21,620,000 | -21,618,000 | ' | ' | ' | -8,178,000 | -9,959,000 | -8,400,000 | -9,679,000 | -72,000 | -83,000 | -79,000 | -86,000 | -2,180,000 | -2,129,000 | -729,000 | -910,000 | -5,559,000 | -7,222,000 | -7,840,000 | -5,420,000 | -4,161,000 | -3,983,000 | -3,241,000 | -4,002,000 | -960,000 | -324,000 | -435,000 | -442,000 | -1,303,000 | -793,000 | -831,000 | -702,000 |
Net loans receivable | 1,727,762,000 | 1,503,515,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans receivable, related parties | ' | ' | ' | ' | ' | 6,900,000 | 14,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans receivable, advances to related parties | ' | ' | ' | ' | ' | 3,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans receivable, proceeds from related parties | ' | ' | ' | ' | ' | $5,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans_Receivable_and_Allowance3
Loans Receivable and Allowance for Loan Losses (Summary of Nonaccrual Loans, by Type) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans | $39,963 | $32,416 |
Period used to determine when a loan receivable is moved to nonaccrual status | '90 days | ' |
Loans receivable, equal to greater than 90 days past due | 21,701 | 14,966 |
Financing Receivable, Nonaccrual Status, Unused Commitment | 0 | ' |
Commercial and industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans | 10,217 | 11,289 |
Loans receivable, equal to greater than 90 days past due | 5,751 | 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 | 4,838 | 3,119 |
Loans receivable, equal to greater than 90 days past due | 2,847 | 1,592 |
Commercial construction and land development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans | 8,587 | 6,300 |
Loans receivable, equal to greater than 90 days past due | 5,239 | 2,580 |
Commercial real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans | 6,705 | 5,659 |
Loans receivable, equal to greater than 90 days past due | 4,837 | 3,659 |
Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans | 7,039 | 3,203 |
Loans receivable, equal to greater than 90 days past due | 1,916 | 1,757 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans | 2,577 | 2,846 |
Loans receivable, equal to greater than 90 days past due | $1,111 | $1,511 |
Loans_Receivable_and_Allowance4
Loans Receivable and Allowance for Loan Losses (Age Analysis of Past Due Loan Receivables) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Current | $1,701,797 | $1,487,781 |
30-59 Days Past Due | 16,234 | 16,383 |
60-89 Days Past Due | 11,140 | 9,667 |
90 Days Past Due and Greater | 21,701 | 14,966 |
Total Past Due | 49,075 | 41,016 |
Total loans receivable | 1,750,872 | 1,528,797 |
Recorded Investment in Loans 90 Days and Greater and Still Accruing | 369 | 220 |
Commercial and industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Current | 438,522 | 368,769 |
30-59 Days Past Due | 1,830 | 1,096 |
60-89 Days Past Due | 1,041 | 3,256 |
90 Days Past Due and Greater | 5,751 | 3,867 |
Total Past Due | 8,622 | 8,219 |
Total loans receivable | 447,144 | 376,988 |
Recorded Investment in Loans 90 Days and Greater and Still Accruing | 17 | 30 |
Commercial tax-exempt [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Current | 81,734 | 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 | 81,734 | 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 | 295,278 | 265,817 |
30-59 Days Past Due | 2,618 | 610 |
60-89 Days Past Due | 1,674 | 353 |
90 Days Past Due and Greater | 2,847 | 1,592 |
Total Past Due | 7,139 | 2,555 |
Total loans receivable | 302,417 | 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 | 124,240 | 89,250 |
30-59 Days Past Due | 3,355 | 4,251 |
60-89 Days Past Due | 342 | 4,318 |
90 Days Past Due and Greater | 5,239 | 2,580 |
Total Past Due | 8,936 | 11,149 |
Total loans receivable | 133,176 | 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 | 465,765 | 386,821 |
30-59 Days Past Due | 2,142 | 3,846 |
60-89 Days Past Due | 444 | 78 |
90 Days Past Due and Greater | 4,837 | 3,659 |
Total Past Due | 7,423 | 7,583 |
Total loans receivable | 473,188 | 394,404 |
Recorded Investment in Loans 90 Days and Greater and Still Accruing | 235 | 0 |
Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Current | 85,352 | 76,587 |
30-59 Days Past Due | 4,194 | 4,303 |
60-89 Days Past Due | 6,304 | 1,252 |
90 Days Past Due and Greater | 1,916 | 1,757 |
Total Past Due | 12,414 | 7,312 |
Total loans receivable | 97,766 | 83,899 |
Recorded Investment in Loans 90 Days and Greater and Still Accruing | 117 | 0 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Current | 210,906 | 208,335 |
30-59 Days Past Due | 2,095 | 2,277 |
60-89 Days Past Due | 1,335 | 410 |
90 Days Past Due and Greater | 1,111 | 1,511 |
Total Past Due | 4,541 | 4,198 |
Total loans receivable | 215,447 | 212,533 |
Recorded Investment in Loans 90 Days and Greater and Still Accruing | $0 | $2 |
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 $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Allowance for loan losses: | ' | ' |
Individually evaluated for impairment | $5,585 | $7,120 |
Individually evaluated for impairment | 5,585 | 7,120 |
Collectively evaluated for impairment | 17,525 | 18,162 |
Total allowance for loan losses | 23,110 | 25,282 |
Loans receivable: | ' | ' |
Loans evaluated individually | 52,599 | 56,641 |
Loans evaluated collectively | 1,698,273 | 1,472,156 |
Total loans receivable | 1,750,872 | 1,528,797 |
Period used to analyze future loan losses | '2 years | ' |
Commercial and industrial [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Individually evaluated for impairment | ' | 2,399 |
Individually evaluated for impairment | 1,559 | 2,399 |
Collectively evaluated for impairment | 6,619 | 7,560 |
Total allowance for loan losses | 8,178 | 9,959 |
Loans receivable: | ' | ' |
Loans evaluated individually | 13,055 | 13,082 |
Loans evaluated collectively | 434,089 | 363,906 |
Total loans receivable | 447,144 | 376,988 |
Commercial tax-exempt [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Individually evaluated for impairment | 0 | 0 |
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 72 | 83 |
Total allowance for loan losses | 72 | 83 |
Loans receivable: | ' | ' |
Loans evaluated individually | 0 | 0 |
Loans evaluated collectively | 81,734 | 92,202 |
Total loans receivable | 81,734 | 92,202 |
Owner occupied real estate [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Individually evaluated for impairment | ' | 1,451 |
Individually evaluated for impairment | 1,366 | 1,451 |
Collectively evaluated for impairment | 814 | 678 |
Total allowance for loan losses | 2,180 | 2,129 |
Loans receivable: | ' | ' |
Loans evaluated individually | 5,822 | 3,380 |
Loans evaluated collectively | 296,595 | 264,992 |
Total loans receivable | 302,417 | 268,372 |
Commercial construction and land development [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Individually evaluated for impairment | ' | 2,470 |
Individually evaluated for impairment | 1,660 | 2,470 |
Collectively evaluated for impairment | 3,899 | 4,752 |
Total allowance for loan losses | 5,559 | 7,222 |
Loans receivable: | ' | ' |
Loans evaluated individually | 11,669 | 15,549 |
Loans evaluated collectively | 121,507 | 84,850 |
Total loans receivable | 133,176 | 100,399 |
Commercial real estate [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Individually evaluated for impairment | ' | 800 |
Individually evaluated for impairment | 0 | 800 |
Collectively evaluated for impairment | 4,161 | 3,183 |
Total allowance for loan losses | 4,161 | 3,983 |
Loans receivable: | ' | ' |
Loans evaluated individually | 10,953 | 17,136 |
Loans evaluated collectively | 462,235 | 377,268 |
Total loans receivable | 473,188 | 394,404 |
Residential [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Individually evaluated for impairment | ' | 0 |
Individually evaluated for impairment | 524 | 0 |
Collectively evaluated for impairment | 436 | 324 |
Total allowance for loan losses | 960 | 324 |
Loans receivable: | ' | ' |
Loans evaluated individually | 7,979 | 4,163 |
Loans evaluated collectively | 89,787 | 79,736 |
Total loans receivable | 97,766 | 83,899 |
Consumer [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Individually evaluated for impairment | ' | 0 |
Individually evaluated for impairment | 476 | 0 |
Collectively evaluated for impairment | 827 | 793 |
Total allowance for loan losses | 1,303 | 793 |
Loans receivable: | ' | ' |
Loans evaluated individually | 3,121 | 3,331 |
Loans evaluated collectively | 212,326 | 209,202 |
Total loans receivable | 215,447 | 212,533 |
Unallocated Financing Receivables [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 697 | 789 |
Total allowance for loan losses | 697 | 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 | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning | ' | ' | ' | $25,282 | ' | ' | ' | $21,620 | $25,282 | $21,620 | $21,618 |
Provision charged to operating expenses | 1,575 | 1,200 | 1,800 | 2,300 | 2,150 | 2,500 | 2,950 | 2,500 | 6,875 | 10,100 | 20,592 |
Recoveries of loans previously charged-off | ' | ' | ' | ' | ' | ' | ' | ' | 1,701 | 919 | 445 |
Loans charged-off | ' | ' | ' | ' | ' | ' | ' | ' | -10,748 | -7,357 | -21,035 |
Allowance for loan losses, ending | 23,110 | ' | ' | ' | 25,282 | ' | ' | ' | 23,110 | 25,282 | 21,620 |
Commercial and industrial [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning | ' | ' | ' | 9,959 | ' | ' | ' | 8,400 | 9,959 | 8,400 | 9,679 |
Provision charged to operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 524 | 3,634 | 6,510 |
Recoveries of loans previously charged-off | ' | ' | ' | ' | ' | ' | ' | ' | 1,122 | 227 | 156 |
Loans charged-off | ' | ' | ' | ' | ' | ' | ' | ' | -3,427 | -2,302 | -7,945 |
Allowance for loan losses, ending | 8,178 | ' | ' | ' | 9,959 | ' | ' | ' | 8,178 | 9,959 | 8,400 |
Commercial tax-exempt [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning | ' | ' | ' | 83 | ' | ' | ' | 79 | 83 | 79 | 86 |
Provision charged to operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | -11 | 4 | -7 |
Recoveries of loans previously charged-off | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Loans charged-off | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Allowance for loan losses, ending | 72 | ' | ' | ' | 83 | ' | ' | ' | 72 | 83 | 79 |
Owner occupied real estate [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning | ' | ' | ' | 2,129 | ' | ' | ' | 729 | 2,129 | 729 | 910 |
Provision charged to operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 343 | 2,165 | 13 |
Recoveries of loans previously charged-off | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 7 | 60 |
Loans charged-off | ' | ' | ' | ' | ' | ' | ' | ' | -295 | -772 | -254 |
Allowance for loan losses, ending | 2,180 | ' | ' | ' | 2,129 | ' | ' | ' | 2,180 | 2,129 | 729 |
Commercial construction and land development [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning | ' | ' | ' | 7,222 | ' | ' | ' | 7,840 | 7,222 | 7,840 | 5,420 |
Provision charged to operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 691 | 243 | 13,038 |
Recoveries of loans previously charged-off | ' | ' | ' | ' | ' | ' | ' | ' | 490 | 517 | 11 |
Loans charged-off | ' | ' | ' | ' | ' | ' | ' | ' | -2,844 | -1,378 | -10,629 |
Allowance for loan losses, ending | 5,559 | ' | ' | ' | 7,222 | ' | ' | ' | 5,559 | 7,222 | 7,840 |
Commercial real estate [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning | ' | ' | ' | 3,983 | ' | ' | ' | 3,241 | 3,983 | 3,241 | 4,002 |
Provision charged to operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 2,951 | 2,498 | 76 |
Recoveries of loans previously charged-off | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 97 | 15 |
Loans charged-off | ' | ' | ' | ' | ' | ' | ' | ' | -2,773 | -1,853 | -852 |
Allowance for loan losses, ending | 4,161 | ' | ' | ' | 3,983 | ' | ' | ' | 4,161 | 3,983 | 3,241 |
Residential [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning | ' | ' | ' | 324 | ' | ' | ' | 435 | 324 | 435 | 442 |
Provision charged to operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 958 | 193 | 113 |
Recoveries of loans previously charged-off | ' | ' | ' | ' | ' | ' | ' | ' | 10 | 4 | 68 |
Loans charged-off | ' | ' | ' | ' | ' | ' | ' | ' | -332 | -308 | -188 |
Allowance for loan losses, ending | 960 | ' | ' | ' | 324 | ' | ' | ' | 960 | 324 | 435 |
Consumer [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning | ' | ' | ' | 793 | ' | ' | ' | 831 | 793 | 831 | 702 |
Provision charged to operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 1,511 | 639 | 1,161 |
Recoveries of loans previously charged-off | ' | ' | ' | ' | ' | ' | ' | ' | 76 | 67 | 135 |
Loans charged-off | ' | ' | ' | ' | ' | ' | ' | ' | -1,077 | -744 | -1,167 |
Allowance for loan losses, ending | 1,303 | ' | ' | ' | 793 | ' | ' | ' | 1,303 | 793 | 831 |
Unallocated Financing Receivables [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning | ' | ' | ' | 789 | ' | ' | ' | 65 | 789 | 65 | 377 |
Provision charged to operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | -92 | 724 | -312 |
Recoveries of loans previously charged-off | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Loans charged-off | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Allowance for loan losses, ending | $697 | ' | ' | ' | $789 | ' | ' | ' | $697 | $789 | $65 |
Loans_Receivable_and_Allowance7
Loans Receivable and Allowance for Loan Losses (Schedule of Impaired Loan Receivables) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Loans With No Related Allowance: | ' | ' |
Recorded Investment | $41,307 | $37,530 |
Unpaid Principal Balance | 47,327 | 45,136 |
Loans With An Allowance Recorded: | ' | ' |
Recorded Investment | 11,292 | 19,111 |
Unpaid Principal Balance | 11,292 | 19,982 |
Total Impaired Loans: | ' | ' |
Recorded Investment | 52,599 | 56,641 |
Unpaid Principal Balance | 58,619 | 65,118 |
Related Allowance | 5,585 | 7,120 |
Commercial and industrial [Member] | ' | ' |
Loans With No Related Allowance: | ' | ' |
Recorded Investment | 9,838 | 7,426 |
Unpaid Principal Balance | 12,587 | 11,746 |
Loans With An Allowance Recorded: | ' | ' |
Recorded Investment | 3,217 | 5,656 |
Unpaid Principal Balance | 3,217 | 6,526 |
Total Impaired Loans: | ' | ' |
Recorded Investment | 13,055 | 13,082 |
Unpaid Principal Balance | 15,804 | 18,272 |
Related Allowance | 1,559 | 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 | 4,456 | 1,929 |
Unpaid Principal Balance | 4,664 | 2,301 |
Loans With An Allowance Recorded: | ' | ' |
Recorded Investment | 1,366 | 1,451 |
Unpaid Principal Balance | 1,366 | 1,451 |
Total Impaired Loans: | ' | ' |
Recorded Investment | 5,822 | 3,380 |
Unpaid Principal Balance | 6,030 | 3,752 |
Related Allowance | 1,366 | 1,451 |
Commercial construction and land development [Member] | ' | ' |
Loans With No Related Allowance: | ' | ' |
Recorded Investment | 8,514 | 7,716 |
Unpaid Principal Balance | 9,047 | 8,500 |
Loans With An Allowance Recorded: | ' | ' |
Recorded Investment | 3,155 | 7,833 |
Unpaid Principal Balance | 3,155 | 7,833 |
Total Impaired Loans: | ' | ' |
Recorded Investment | 11,669 | 15,549 |
Unpaid Principal Balance | 12,202 | 16,333 |
Related Allowance | 1,660 | 2,470 |
Commercial real estate [Member] | ' | ' |
Loans With No Related Allowance: | ' | ' |
Recorded Investment | 10,953 | 12,965 |
Unpaid Principal Balance | 12,795 | 14,619 |
Loans With An Allowance Recorded: | ' | ' |
Recorded Investment | 0 | 4,171 |
Unpaid Principal Balance | 0 | 4,172 |
Total Impaired Loans: | ' | ' |
Recorded Investment | 10,953 | 17,136 |
Unpaid Principal Balance | 12,795 | 18,791 |
Related Allowance | 0 | 800 |
Residential [Member] | ' | ' |
Loans With No Related Allowance: | ' | ' |
Recorded Investment | 4,901 | 4,163 |
Unpaid Principal Balance | 5,366 | 4,423 |
Loans With An Allowance Recorded: | ' | ' |
Recorded Investment | 3,078 | 0 |
Unpaid Principal Balance | 3,078 | 0 |
Total Impaired Loans: | ' | ' |
Recorded Investment | 7,979 | 4,163 |
Unpaid Principal Balance | 8,444 | 4,423 |
Related Allowance | 524 | 0 |
Consumer [Member] | ' | ' |
Loans With No Related Allowance: | ' | ' |
Recorded Investment | 2,645 | 3,331 |
Unpaid Principal Balance | 2,868 | 3,547 |
Loans With An Allowance Recorded: | ' | ' |
Recorded Investment | 476 | 0 |
Unpaid Principal Balance | 476 | 0 |
Total Impaired Loans: | ' | ' |
Recorded Investment | 3,121 | 3,331 |
Unpaid Principal Balance | 3,344 | 3,547 |
Related Allowance | $476 | $0 |
Loans_Receivable_and_Allowance8
Loans Receivable and Allowance for Loan Losses (Schedule of Impaired Loan Receivables, Average) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Loans With No Related Allowance: | ' | ' | ' |
Average Recorded Investment | $42,981 | $44,699 | $45,039 |
Interest Income Recognized | 799 | 1,211 | 761 |
Loans With An Allowance Recorded: | ' | ' | ' |
Average Recorded Investment | 15,981 | 18,859 | 13,064 |
Interest Income Recognized | 0 | 0 | 0 |
Total Impaired Loans: | ' | ' | ' |
Average Recorded Investment | 58,962 | 63,558 | 58,103 |
Interest Income Recognized | 799 | 1,211 | 761 |
Commercial and industrial [Member] | ' | ' | ' |
Loans With No Related Allowance: | ' | ' | ' |
Average Recorded Investment | 9,461 | 11,567 | 12,901 |
Interest Income Recognized | 164 | 171 | 141 |
Loans With An Allowance Recorded: | ' | ' | ' |
Average Recorded Investment | 4,563 | 5,258 | 7,974 |
Interest Income Recognized | 0 | 0 | 0 |
Total Impaired Loans: | ' | ' | ' |
Average Recorded Investment | 14,024 | 16,825 | 20,875 |
Interest Income Recognized | 164 | 171 | 141 |
Commercial tax-exempt [Member] | ' | ' | ' |
Loans With No Related Allowance: | ' | ' | ' |
Average Recorded Investment | 0 | 0 | 0 |
Interest Income Recognized | 0 | 0 | 0 |
Total Impaired Loans: | ' | ' | ' |
Average Recorded Investment | 0 | 0 | 0 |
Interest Income Recognized | 0 | 0 | 0 |
Owner occupied real estate [Member] | ' | ' | ' |
Loans With No Related Allowance: | ' | ' | ' |
Average Recorded Investment | 3,087 | 3,846 | 5,333 |
Interest Income Recognized | 3 | 150 | 191 |
Loans With An Allowance Recorded: | ' | ' | ' |
Average Recorded Investment | 1,407 | 1,571 | 453 |
Interest Income Recognized | 0 | 0 | 0 |
Total Impaired Loans: | ' | ' | ' |
Average Recorded Investment | 4,494 | 5,417 | 5,786 |
Interest Income Recognized | 3 | 150 | 191 |
Commercial construction and land development [Member] | ' | ' | ' |
Loans With No Related Allowance: | ' | ' | ' |
Average Recorded Investment | 7,122 | 10,319 | 11,803 |
Interest Income Recognized | 172 | 510 | 231 |
Loans With An Allowance Recorded: | ' | ' | ' |
Average Recorded Investment | 7,926 | 11,375 | 4,637 |
Interest Income Recognized | 0 | 0 | 0 |
Total Impaired Loans: | ' | ' | ' |
Average Recorded Investment | 15,048 | 21,694 | 16,440 |
Interest Income Recognized | 172 | 510 | 231 |
Commercial real estate [Member] | ' | ' | ' |
Loans With No Related Allowance: | ' | ' | ' |
Average Recorded Investment | 15,267 | 12,434 | 9,500 |
Interest Income Recognized | 366 | 319 | 192 |
Loans With An Allowance Recorded: | ' | ' | ' |
Average Recorded Investment | 0 | 655 | 0 |
Interest Income Recognized | 0 | 0 | 0 |
Total Impaired Loans: | ' | ' | ' |
Average Recorded Investment | 15,267 | 13,089 | 9,500 |
Interest Income Recognized | 366 | 319 | 192 |
Residential [Member] | ' | ' | ' |
Loans With No Related Allowance: | ' | ' | ' |
Average Recorded Investment | 5,020 | 3,994 | 3,557 |
Interest Income Recognized | 64 | 43 | 6 |
Loans With An Allowance Recorded: | ' | ' | ' |
Average Recorded Investment | 1,805 | 0 | 0 |
Interest Income Recognized | 0 | 0 | 0 |
Total Impaired Loans: | ' | ' | ' |
Average Recorded Investment | 6,825 | 3,994 | 3,557 |
Interest Income Recognized | 64 | 43 | 6 |
Consumer [Member] | ' | ' | ' |
Loans With No Related Allowance: | ' | ' | ' |
Average Recorded Investment | 3,024 | 2,539 | 1,945 |
Interest Income Recognized | 30 | 18 | 0 |
Loans With An Allowance Recorded: | ' | ' | ' |
Average Recorded Investment | 280 | 0 | 0 |
Interest Income Recognized | 0 | 0 | 0 |
Total Impaired Loans: | ' | ' | ' |
Average Recorded Investment | 3,304 | 2,539 | 1,945 |
Interest Income Recognized | $30 | $18 | $0 |
Loans_Receivable_and_Allowance9
Loans Receivable and Allowance for Loan Losses (Credit Quality Indicators for Commercial Loans, by Loan Type) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | $1,437,659 | $1,232,365 |
Commercial and industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 447,144 | 376,988 |
Commercial tax-exempt [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 81,734 | 92,202 |
Owner occupied real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 302,417 | 268,372 |
Commercial construction and land development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 133,176 | 100,399 |
Commercial real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 473,188 | 394,404 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 1,362,775 | 1,141,535 |
Pass [Member] | Commercial and industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 410,530 | 335,463 |
Pass [Member] | Commercial tax-exempt [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 81,734 | 92,202 |
Pass [Member] | Owner occupied real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 285,416 | 253,338 |
Pass [Member] | Commercial construction and land development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 120,687 | 81,219 |
Pass [Member] | Commercial real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 464,408 | 379,313 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 12,006 | 15,900 |
Special Mention [Member] | Commercial and industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 8,064 | 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 | 3,624 | 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 | 318 | 574 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 32,531 | 48,563 |
Substandard [Member] | Commercial and industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 18,333 | 24,116 |
Substandard [Member] | Commercial tax-exempt [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 0 | 0 |
Substandard [Member] | Owner occupied real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 8,539 | 7,755 |
Substandard [Member] | Commercial construction and land development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 3,902 | 7,834 |
Substandard [Member] | Commercial real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 1,757 | 8,858 |
Substandard Nonaccrual [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 30,347 | 26,367 |
Substandard Nonaccrual [Member] | Commercial and industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 10,217 | 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 | 4,838 | 3,119 |
Substandard Nonaccrual [Member] | Commercial construction and land development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 8,587 | 6,300 |
Substandard Nonaccrual [Member] | Commercial real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 6,705 | 5,659 |
Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 0 | 0 |
Doubtful [Member] | Commercial and industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 0 | 0 |
Doubtful [Member] | Commercial tax-exempt [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 0 | 0 |
Doubtful [Member] | Owner occupied real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 0 | 0 |
Doubtful [Member] | Commercial construction and land development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | 0 | 0 |
Doubtful [Member] | Commercial real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposure for commercial loans | $0 | $0 |
Recovered_Sheet1
Loans Receivable and Allowance for Loan Losses (Consumer Loan Credit Exposures, Performing or Nonperforming) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer loans receivable | $313,213 | $296,432 |
Residential [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer loans receivable | 97,766 | 83,899 |
Consumer [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer loans receivable | 215,447 | 212,533 |
Performing [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer loans receivable | 303,597 | 290,383 |
Performing [Member] | Residential [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer loans receivable | 90,727 | 80,696 |
Performing [Member] | Consumer [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer loans receivable | 212,870 | 209,687 |
Nonperforming [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer loans receivable | 9,616 | 6,049 |
Nonperforming [Member] | Residential [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer loans receivable | 7,039 | 3,203 |
Nonperforming [Member] | Consumer [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer loans receivable | $2,577 | $2,846 |
Recovered_Sheet2
Loans Receivable and Allowance for Loan Losses (Troubled Debt Restructurings on Loan Receivables) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Contracts | Contracts | Contracts | |
concession | |||
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Concessions for Classifying Loans Receivable as TDR | 1 | ' | ' |
Number of contracts | 28 | 22 | 36 |
Recorded investment at time of restructure | $16,378 | $20,765 | $29,736 |
Commercial construction and land development [Member] | TDR with Additional Unused Commitments [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 1 | 2 | ' |
Unused commitments | 43 | 14 | ' |
Granting a Material Extension of Time [Member] | Commercial and industrial [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 0 | 1 | 2 |
Recorded investment at time of restructure | 0 | 1,262 | 629 |
Granting a Material Extension of Time [Member] | Owner occupied real estate [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 2 | 0 | 0 |
Recorded investment at time of restructure | 738 | 0 | 0 |
Granting a Material Extension of Time [Member] | Commercial construction and land development [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 4 | 5 | 16 |
Recorded investment at time of restructure | 2,738 | 3,396 | 10,932 |
Granting a Material Extension of Time [Member] | Commercial real estate [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 0 | 1 | 0 |
Recorded investment at time of restructure | 0 | 68 | 0 |
Granting a Material Extension of Time [Member] | Residential [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 2 | 2 | 0 |
Recorded investment at time of restructure | 570 | 329 | 0 |
Granting a Material Extension of Time [Member] | Consumer [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 1 | 4 | 0 |
Recorded investment at time of restructure | 35 | 426 | 0 |
Forbearance Agreement [Member] | Commercial and industrial [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 0 | 0 | 4 |
Recorded investment at time of restructure | 0 | 0 | 12,456 |
Forbearance Agreement [Member] | Owner occupied real estate [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 1 | 0 | 1 |
Recorded investment at time of restructure | 193 | 0 | 87 |
Forbearance Agreement [Member] | Commercial construction and land development [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 0 | 0 | 1 |
Recorded investment at time of restructure | 0 | 0 | 231 |
Forbearance Agreement [Member] | Commercial real estate [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 0 | 0 | 1 |
Recorded investment at time of restructure | 0 | 0 | 93 |
Forbearance Agreement [Member] | Residential [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 1 | 0 | 0 |
Recorded investment at time of restructure | 3,096 | 0 | 0 |
Forbearance Agreement [Member] | Consumer [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 1 | 0 | 0 |
Recorded investment at time of restructure | 480 | 0 | 0 |
Interest Rate Adjustment [Member] | Commercial and industrial [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 0 | 1 | 0 |
Recorded investment at time of restructure | 0 | 3,404 | 0 |
Interest Rate Adjustment [Member] | Commercial real estate [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 0 | 0 | 1 |
Recorded investment at time of restructure | 0 | 0 | 1,194 |
Interest Rate Adjustment [Member] | Residential [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 0 | 0 | 1 |
Recorded investment at time of restructure | 0 | 0 | 195 |
Change in Amortization Period [Member] | Commercial and industrial [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 7 | 0 | 4 |
Recorded investment at time of restructure | 1,079 | 0 | 405 |
Change in Amortization Period [Member] | Commercial real estate [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 0 | 0 | 3 |
Recorded investment at time of restructure | 0 | 0 | 3,081 |
Change in Amortization Period [Member] | Residential [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 1 | 0 | 1 |
Recorded investment at time of restructure | 346 | 0 | 355 |
Combination of Concessions [Member] | Commercial and industrial [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 3 | 2 | 0 |
Recorded investment at time of restructure | 749 | 3,231 | 0 |
Combination of Concessions [Member] | Owner occupied real estate [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 0 | 1 | 0 |
Recorded investment at time of restructure | 0 | 1,451 | 0 |
Combination of Concessions [Member] | Commercial construction and land development [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 0 | 1 | 0 |
Recorded investment at time of restructure | 0 | 3,546 | 0 |
Combination of Concessions [Member] | Commercial real estate [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 4 | 1 | 0 |
Recorded investment at time of restructure | 6,220 | 3,275 | 0 |
Combination of Concessions [Member] | Residential [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 1 | 1 | 1 |
Recorded investment at time of restructure | 134 | 195 | 78 |
Combination of Concessions [Member] | Consumer [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 0 | 2 | 0 |
Recorded investment at time of restructure | 0 | 182 | 0 |
YTD [Member] | Additional Concessions Granted [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 8 | ' | ' |
Recorded investment at time of restructure | $8,700 | ' | ' |
Recovered_Sheet3
Loans Receivable and Allowance for Loan Losses (Loans Receivable Modified as Troubled Debt Restructurings, Previous 12 Months) (Details) (TDR's, Subsequently Defaulted [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Contracts | Contracts | Contracts | |
Still in Payment Default at Year End [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | 17 | ' | ' |
Recorded Investment | $11,100 | ' | ' |
Less Than 30 Days Past Due [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | 5 | ' | ' |
Recorded Investment | 5,400 | ' | ' |
TDR contracts in payment default, period | '30 days | ' | ' |
YTD [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | 18 | 16 | 20 |
Recorded Investment | 11,752 | 10,702 | 16,057 |
YTD [Member] | Commercial and industrial [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | 8 | 3 | 4 |
Recorded Investment | 1,372 | 3,901 | 5,531 |
YTD [Member] | Owner occupied real estate [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | 3 | 0 | 0 |
Recorded Investment | 926 | 0 | 0 |
YTD [Member] | Commercial construction and land development [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | 2 | 6 | 11 |
Recorded Investment | 2,288 | 6,169 | 9,162 |
YTD [Member] | Commercial real estate [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | 1 | 1 | 2 |
Recorded Investment | 3,275 | 66 | 747 |
YTD [Member] | Residential [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | 2 | 2 | 3 |
Recorded Investment | 3,338 | 258 | 617 |
YTD [Member] | Consumer [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | 2 | 4 | 0 |
Recorded Investment | $553 | $308 | $0 |
Loan_Commitments_and_Standby_L2
Loan Commitments and Standby Letters of Credit (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Guarantor Obligations [Line Items] | ' | ' |
Maximum exposure to credit loss for loan commitments | $560,992,000 | $446,538,000 |
Commercial Loans [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Maximum exposure to credit loss for loan commitments | 385,674,000 | 308,721,000 |
Consumer and Residential Loans [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Maximum exposure to credit loss for loan commitments | 106,024,000 | 98,903,000 |
Standby Letters of Credit [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Liability related to guarantees under standby letters of credit | 0 | 48,000 |
Maximum exposure to credit loss for loan commitments | 37,217,000 | 34,052,000 |
Commitments to Extend Credit [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Maximum exposure to credit loss for loan commitments | 32,077,000 | 4,862,000 |
Commitments to Extend Credit [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Maximum exposure to credit loss for loan commitments | $560,992,000 | ' |
Concentrations_of_Credit_Risk_
Concentrations of Credit Risk (Details) (USD $) | Dec. 31, 2013 |
In Millions, unless otherwise specified | |
Commercial real estate [Member] | ' |
Concentration Risk [Line Items] | ' |
Commercial real estate loans and loan commitments | $697.90 |
Owner occupied real estate [Member] | ' |
Concentration Risk [Line Items] | ' |
Commercial real estate loans and loan commitments | $320 |
Premises_Equipment_and_Leases_1
Premises, Equipment and Leases (Depreciation and Useful Lives) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Depreciation and amortization expense | $5,157 | $5,824 | $6,476 |
Buildings and Leasehold Improvements [Member] | Minimum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Premises and equipment, estimated useful life | '1 year | ' | ' |
Buildings and Leasehold Improvements [Member] | Maximum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Premises and equipment, estimated useful life | '40 years | ' | ' |
Furniture, Fixtures and Equipment [Member] | Minimum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Premises and equipment, estimated useful life | '2 years | ' | ' |
Furniture, Fixtures and Equipment [Member] | Maximum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Premises and equipment, estimated useful life | '10 years | ' | ' |
Premises_Equipment_and_Leases_2
Premises, Equipment and Leases (Premises and Equipment) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | $122,385 | $120,597 |
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | 46,602 | 41,809 |
Property, Plant and Equipment, Net | 75,783 | 78,788 |
Land [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | 16,736 | 16,736 |
Buildings [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | 67,394 | 67,047 |
Construction in Process [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | 990 | 1,199 |
Leasehold Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | 2,679 | 2,677 |
Furniture, Fixtures and Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | $34,586 | $32,938 |
Premises_Equipment_and_Leases_3
Premises, Equipment and Leases (Future Minimum Lease Payments) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Property, Plant and Equipment [Abstract] | ' | ' | ' |
Rent expense, operating leases | $3,000,000 | $2,900,000 | $3,100,000 |
2014 | 2,578,000 | ' | ' |
2015 | 2,360,000 | ' | ' |
2016 | 2,212,000 | ' | ' |
2017 | 2,023,000 | ' | ' |
2018 | 1,970,000 | ' | ' |
Thereafter | 15,076,000 | ' | ' |
Total minimum lease payments | $26,219,000 | ' | ' |
Deposits_Deposit_Liabilities_D
Deposits (Deposit Liabilities) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deposits [Abstract] | ' | ' |
Noninterest-bearing demand | $443,287 | $455,000 |
Interest checking and money market | 1,110,568 | 1,133,765 |
Savings | 496,495 | 444,976 |
Time certificates of $100,000 or more | 105,620 | 103,980 |
Other time certificates | 83,651 | 93,570 |
Total deposits | $2,239,621 | $2,231,291 |
Deposits_Maturities_of_Time_De
Deposits (Maturities of Time Deposits) (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Deposits [Abstract] | ' |
2014 | $136,723 |
2015 | 20,503 |
2016 | 4,951 |
2017 | 4,205 |
2018 | 22,889 |
Total | $189,271 |
Shortterm_Borrowings_Details
Short-term Borrowings (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
bank | ||
borrowing_facility | ||
Short-term Debt [Line Items] | ' | ' |
Number of borrowing facilities | 1 | ' |
Letters of credit, amount outstanding | $75,100,000 | $35,100,000 |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | 510,900,000 | ' |
Number of banks | 1 | ' |
FHLB [Member] | ' | ' |
Short-term Debt [Line Items] | ' | ' |
Line of credit facility, maximum borrowing capacity | 687,500,000 | ' |
Line of credit facility, amount outstanding | 277,800,000 | 113,200,000 |
Line of credit facility, weighted average interest rate (percent) | 0.24% | 0.22% |
Correspondent Bank 1, Federal Funds [Member] | ' | ' |
Short-term Debt [Line Items] | ' | ' |
Line of credit facility, maximum borrowing capacity | 15,000,000 | ' |
Line of credit facility, amount outstanding | 0 | 0 |
Number of banks | 1 | ' |
Correspondent Bank 2, Federal Funds [Member] | ' | ' |
Short-term Debt [Line Items] | ' | ' |
Line of credit facility, maximum borrowing capacity | 20,000,000 | ' |
Line of credit facility, amount outstanding | $0 | $0 |
Longterm_Debt_Narrative_Detail
Long-term Debt (Narrative) (Details) (USD $) | 12 Months Ended | 3 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Mar. 18, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Jun. 15, 2000 | Dec. 31, 2012 | Dec. 31, 2013 | Sep. 28, 2001 | Dec. 31, 2013 | Sep. 29, 2006 | Dec. 31, 2013 | |
Federal Home Loan Bank Advances [Member] | Federal Home Loan Bank Advances [Member] | Ownership Interest in Nonbank Subsidiary Trusts [Member] | Wholly-owned subsidiary, Trust I [Member] | Wholly-owned subsidiary, Trust I [Member] | Wholly-owned subsidiary, Trust I [Member] | Wholly-owned subsidiary, Trust II [Member] | Wholly-owned subsidiary, Trust II [Member] | Wholly-owned subsidiary, Trust II [Member] | Wholly-owned subsidiary, Trust III [Member] | Wholly-owned subsidiary, Trust III [Member] | Wholly-owned subsidiary, Trust III [Member] | ||||
Trust Capital Securities [Member] | Trust Capital Securities [Member] | Trust Capital Securities [Member] | Trust Capital Securities [Member] | Trust Capital Securities [Member] | Trust Capital Securities [Member] | Trust Capital Securities [Member] | Trust Capital Securities [Member] | Trust Capital Securities [Member] | |||||||
Commerce Bancorp LLC [Member] | Commerce Bancorp LLC [Member] | Commerce Bancorp LLC [Member] | Commerce Bancorp LLC [Member] | Commerce Bancorp LLC [Member] | Commerce Bancorp LLC [Member] | TD Bank [Member] | |||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Face amount of long-term debt | ' | ' | ' | $25,000,000 | ' | ' | ' | ' | $5,000,000 | ' | ' | $8,000,000 | ' | $15,000,000 | ' |
Fixed percentage rate | ' | ' | ' | 1.01% | ' | ' | ' | ' | 11.00% | ' | ' | 10.00% | ' | 7.75% | ' |
Ownership percentage | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | 100.00% | ' | 100.00% | ' | ' |
Long-term debt | 15,800,000 | 40,800,000 | ' | ' | 25,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans pledged as collateral on long-term debt | ' | ' | ' | ' | 42,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt repurchased and retired | ' | ' | ' | ' | ' | ' | 5,000,000 | ' | ' | 8,000,000 | ' | ' | ' | ' | ' |
Debt prepayment charge | 0 | 140,000 | 75,000 | ' | ' | ' | 75,000 | ' | ' | 140,000 | ' | ' | ' | ' | ' |
Debt redemption price (percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% |
Debt qualified as Tier 1 capital | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,000,000 |
Other Long-term Debt | ' | ' | ' | ' | ' | $800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Longterm_Debt_Future_Maturitie
Long-term Debt (Future Maturities) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt Disclosure [Abstract] | ' | ' |
2014-2018 | $0 | ' |
Thereafter | 15,800 | ' |
Total | $15,800 | $40,800 |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Federal statutory income tax rate | 35.00% | 35.00% | 34.00% |
Net deferred tax asset | $15,511,000 | $3,025,000 | ' |
Tax expense recognized on net securities gains | 232,000 | 368,000 | 119,000 |
Tax benefit related to exercise of stock options | ($51,000) | $0 | $0 |
Income_Taxes_Income_Taxes_Reco
Income Taxes Income Taxes (Reconciliation) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Provision (benefit) at statutory rate on pretax income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | $8,601 | $5,533 | ($392) |
Tax-exempt income on loans and investments | ' | ' | ' | ' | ' | ' | ' | ' | -1,498 | -1,390 | -1,314 |
Stock-based compensation | ' | ' | ' | ' | ' | ' | ' | ' | 162 | 203 | 222 |
Civil money penalty | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 525 | 0 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 51 | 43 | 40 |
Total | $2,091 | $2,064 | $1,725 | $1,436 | $1,547 | $1,381 | $1,044 | $942 | $7,316 | $4,914 | ($1,444) |
Income_Taxes_Income_Taxes_Comp
Income Taxes Income Taxes (Components) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current expense | ' | ' | ' | ' | ' | ' | ' | ' | $7,179 | $4,796 | $67 |
Deferred expense (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 137 | 118 | -1,511 |
Total | $2,091 | $2,064 | $1,725 | $1,436 | $1,547 | $1,381 | $1,044 | $942 | $7,316 | $4,914 | ($1,444) |
Income_Taxes_Income_Taxes_Defe
Income Taxes Income Taxes (Deferred Tax Assets) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Income Tax Disclosure [Abstract] | ' | ' |
Allowance for loan losses | $8,089 | $8,596 |
Unrealized losses on securities | 8,893 | 0 |
Stock-based compensation | 1,295 | 1,094 |
Nonaccrual interest | 1,330 | 1,605 |
Other | 902 | 447 |
Total deferred tax assets | 20,509 | 11,742 |
Premises and equipment | -3,599 | -3,762 |
Unrealized gains on securities | 0 | -3,730 |
Prepaid expenses | -353 | -254 |
Deferred loan fees | -1,046 | -971 |
Total deferred tax liabilities | -4,998 | -8,717 |
Net deferred tax asset | $15,511 | $3,025 |
Stockholders_Equity_Stockholde
Stockholders' Equity Stockholders' Equity (Details) (USD $) | 12 Months Ended | 12 Months Ended | 1 Months Ended | |||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Aug. 06, 2009 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2009 | Sep. 30, 2009 | |
Dividend Reinvestment and Stock Purchase Plan [Member] | Dividend Reinvestment and Stock Purchase Plan [Member] | Dividend Reinvestment and Stock Purchase Plan [Member] | Dividend Reinvestment and Stock Purchase Plan [Member] | Dividend Reinvestment and Stock Purchase Plan [Member] | Dividend Reinvestment and Stock Purchase Plan [Member] | Dividend Reinvestment and Stock Purchase Plan [Member] | Dividend Reinvestment and Stock Purchase Plan [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Over-Allotment Option [Member] | Public Offering and Over-Allotment Option [Member] | |||||
Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | ||||||||||||
Employees [Member] | Officers [Member] | |||||||||||||||
Class of Stock [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, shares issued | 40,000 | 40,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,000 | 40,000 | ' | ' |
Preferred stock, shares outstanding | 40,000 | 40,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,000 | 40,000 | ' | ' |
Preferred stock, par value (in dollars per share) | $10 | $10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $10 | $10 | ' | ' |
Preferred stock, redemption price per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $25 | ' | ' | ' |
Dividends payable, amount per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2 | ' | ' | ' |
Stock issued during period, value, dividend reinvestment plan, monthly limitations | ' | ' | ' | ' | ' | ' | ' | $100 | $25 | $50 | $10,000 | $25,000 | ' | ' | ' | ' |
Common stock, shares issued in connection with dividend reinvestment and stock purchase plan | 2,271 | 5,877 | 376,862 | ' | 2,311 | 5,917 | 376,962 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividend reinvestment plan, shares authorized | ' | ' | ' | ' | 513,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Public offering, maximum amount authorized | ' | ' | ' | 250,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Over-allotment percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.1 | ' |
Number of shares issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,875,000 |
Net proceeds from the issuance of common stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $77,800,000 |
Earnings_per_Share_Basic_and_D
Earnings per Share (Basic and Diluted Earning Per Share) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Earnings Per Share [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | $4,891 | $4,676 | $4,048 | $3,645 | $3,456 | $1,992 | $2,762 | $2,684 | $17,260 | $10,894 | $289 |
Preferred stock dividends | ' | ' | ' | ' | ' | ' | ' | ' | -80 | -80 | -80 |
Income (loss) available to common stockholders, basic | ' | ' | ' | ' | ' | ' | ' | ' | 17,180 | 10,814 | 209 |
Weighted average number of shares outstanding, basic | ' | ' | ' | ' | ' | ' | ' | ' | 14,142 | 14,128 | 13,919 |
Earnings per share, basic (in dollars per share) | $0.34 | $0.33 | $0.28 | $0.26 | $0.24 | $0.14 | $0.19 | $0.19 | $1.21 | $0.77 | $0.02 |
Effect of dilutive securities, stock options | ' | ' | ' | ' | ' | ' | ' | ' | 148 | 0 | 0 |
Income (loss) available to common stockholders, diluted | ' | ' | ' | ' | ' | ' | ' | ' | $17,180 | $10,814 | $209 |
Weighted average number of shares outstanding, diluted | ' | ' | ' | ' | ' | ' | ' | ' | 14,290 | 14,128 | 13,919 |
Earnings per share, diluted (in dollars per share) | $0.34 | $0.32 | $0.28 | $0.26 | $0.24 | $0.14 | $0.19 | $0.19 | $1.20 | $0.77 | $0.02 |
Earnings_per_Share_Antidilutiv
Earnings per Share (Anti-dilutive Securities) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Antidilutive Securities Excluded from Computation of Earnings (Loss) Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average number of shares outstanding, diluted | ' | ' | ' | ' | ' | ' | ' | ' | 14,290,000 | 14,128,000 | 13,919,000 |
Weighted average number of shares outstanding, basic | ' | ' | ' | ' | ' | ' | ' | ' | 14,142,000 | 14,128,000 | 13,919,000 |
Net income | $4,891 | $4,676 | $4,048 | $3,645 | $3,456 | $1,992 | $2,762 | $2,684 | $17,260 | $10,894 | $289 |
Preferred stock dividends | ' | ' | ' | ' | ' | ' | ' | ' | 80 | 80 | 80 |
Earnings per share, basic (in dollars per share) | $0.34 | $0.33 | $0.28 | $0.26 | $0.24 | $0.14 | $0.19 | $0.19 | $1.21 | $0.77 | $0.02 |
Net Income (Loss) Available to Common Stockholders, Basic | ' | ' | ' | ' | ' | ' | ' | ' | 17,180 | 10,814 | 209 |
Effect of dilutive securities, stock options | ' | ' | ' | ' | ' | ' | ' | ' | 148,000 | 0 | 0 |
Earnings per share, diluted (in dollars per share) | $0.34 | $0.32 | $0.28 | $0.26 | $0.24 | $0.14 | $0.19 | $0.19 | $1.20 | $0.77 | $0.02 |
Income (loss) available to common stockholders, diluted | ' | ' | ' | ' | ' | ' | ' | ' | $17,180 | $10,814 | $209 |
Stock Options [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings (Loss) Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Antidilutive securities excluded from computation of earnings (loss) per share | ' | ' | ' | ' | ' | ' | ' | ' | 603,813 | 1,273,731 | 1,076,067 |
Stock_Option_Plans_Narrative_D
Stock Option Plans (Narrative) (Details) (USD $) | 12 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jan. 01, 2001 | Jan. 02, 2011 | Dec. 31, 2013 | |
Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | 2006 Employee Stock Option Plan [Member] | 2006 Employee Stock Option Plan [Member] | 2006 Employee Stock Option Plan [Member] | 2001 Directors' Stock Option Plan [Member] | 2011 Directors' Stock Option Plan [Member] | 2011 Directors' Stock Option Plan [Member] | ||||
Stock Options [Member] | Qualified Incentive Stock Options [Member] | Nonqualified Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | |||||||
Minimum [Member] | Minimum [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | ' | ' | ' | $2,900,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares authorized under stock option plan | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | 343,100 | 200,000 | ' |
Exercise price of stock options, percent of fair market value | ' | ' | ' | ' | ' | ' | ' | 100.00% | 100.00% | ' | ' | 100.00% |
Requisite service period under stock option plan | ' | ' | ' | ' | ' | ' | '1 year | ' | ' | ' | ' | ' |
Award vesting period under stock option plan | '1 year | ' | ' | ' | ' | ' | '4 years | ' | ' | ' | ' | ' |
Period from grant date to expiration under stock option plan | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' | ' | ' |
Total compensation cost not yet recognized | ' | ' | ' | 1,600,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Total compensation cost not yet recognized, period for recognition, upper limit | ' | ' | ' | '4 years | ' | ' | ' | ' | ' | ' | ' | ' |
Total compensation cost not yet recognized, period for recognition, weighted average | ' | ' | ' | '2 years 2 months 12 days | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from stock options exercised | 304,000 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value assumptions, risk-free interest rate | ' | ' | ' | 1.40% | 1.70% | 3.00% | ' | ' | ' | ' | ' | ' |
Fair value assumptions, expected volatility rate | ' | ' | ' | 41.00% | 48.00% | 46.00% | ' | ' | ' | ' | ' | ' |
Fair value assumptions, expected forfeiture rate | ' | ' | ' | 11.20% | 9.04% | 1.67% | ' | ' | ' | ' | ' | ' |
Fair value assumptions, weighted average expected term | ' | ' | ' | '7 years 6 months | '7 years 6 months | '7 years 6 months | ' | ' | ' | ' | ' | ' |
Stock options vesting percentage | 25.00% | 25.00% | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average grant date fair value | $7.55 | ' | ' | $7.55 | $5.99 | $6.42 | ' | ' | ' | ' | ' | ' |
Share-based compensation expense | ' | ' | ' | 948,000 | 1,100,000 | 1,200,000 | ' | ' | ' | ' | ' | ' |
Tax benefit from share-based compensation expense | ' | ' | ' | 169,000 | 171,000 | 203,000 | ' | ' | ' | ' | ' | ' |
Stock options exercisable, intrinsic value | ' | ' | ' | 183,000 | 0 | 0 | ' | ' | ' | ' | ' | ' |
Stock options outstanding, intrinsic value | ' | ' | ' | $2,900,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Stock options exercised, paid with stock | ' | ' | ' | 2,281 | ' | ' | ' | ' | ' | ' | ' | ' |
Stock options exercisable, weighted average remaining contractual life | ' | ' | ' | '4 years 1 month 6 days | ' | ' | ' | ' | ' | ' | ' | ' |
Stock_Option_Plans_Option_Acti
Stock Option Plans (Option Activity) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Options Outstanding [Roll Forward] | ' | ' | ' |
Outstanding at beginning of year | 1,273,731 | 1,076,067 | 1,069,774 |
Granted | 126,571 | 241,575 | 242,300 |
Exercised | -25,105 | 0 | 0 |
Forfeited/expired | -108,859 | -43,911 | -236,007 |
Outstanding at end of year | 1,266,338 | 1,273,731 | 1,076,067 |
Options exercisable | 843,011 | 789,129 | 670,258 |
Options available for grant | 226,899 | 327,184 | 549,003 |
Options, Weighted Average Exercise Price [Roll Forward] | ' | ' | ' |
Outstanding at beginning of year | $19.21 | $20.86 | $21.74 |
Granted | $16.55 | $11.50 | $12.01 |
Exercised | $13.17 | $0 | $0 |
Forfeited/expired | $18.05 | $17.25 | $15.76 |
Outstanding at end of year | $19.17 | $19.21 | $20.86 |
Options exercisable, Weighted Average Exercise Price | $22.18 | $23.58 | $25.08 |
Weighted-average fair value of options granted during the year | $7.55 | ' | ' |
Stock Options [Member] | ' | ' | ' |
Options, Weighted Average Exercise Price [Roll Forward] | ' | ' | ' |
Weighted-average fair value of options granted during the year | $7.55 | $5.99 | $6.42 |
Stock_Option_Plans_Exercise_Pr
Stock Option Plans (Exercise Prices) (Details) (Stock Options [Member], USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Options Outstanding | 1,266,338 |
Options Outstanding, Weighted Average Exercise Price | $19.17 |
Weighted Avg. Remaining Contractual Life | '5 years 4 months 24 days |
Options Exercisable | 843,011 |
Options Exercisable, Weighted Average Exercise Price | $22.18 |
Exercise Price Range $8.46 to $16.41 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Stock options outstanding, exercise price range, lower range limit | $8.46 |
Stock options outstanding, exercise price range, upper range limit | $16.41 |
Options Outstanding | 662,525 |
Options Outstanding, Weighted Average Exercise Price | $12.68 |
Weighted Avg. Remaining Contractual Life | '6 years 10 months 24 days |
Options Exercisable | 363,394 |
Options Exercisable, Weighted Average Exercise Price | $13.43 |
Exercise Price Range $16.42 to $25.38 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Stock options outstanding, exercise price range, lower range limit | $16.42 |
Stock options outstanding, exercise price range, upper range limit | $25.38 |
Options Outstanding | 213,783 |
Options Outstanding, Weighted Average Exercise Price | $20.21 |
Weighted Avg. Remaining Contractual Life | '5 years 4 months 24 days |
Options Exercisable | 89,587 |
Options Exercisable, Weighted Average Exercise Price | $25.28 |
Exercise Price Range $25.39 to $33.50 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Stock options outstanding, exercise price range, lower range limit | $25.39 |
Stock options outstanding, exercise price range, upper range limit | $33.50 |
Options Outstanding | 390,030 |
Options Outstanding, Weighted Average Exercise Price | $29.61 |
Weighted Avg. Remaining Contractual Life | '2 years 9 months 18 days |
Options Exercisable | 390,030 |
Options Exercisable, Weighted Average Exercise Price | $29.61 |
Stock_Option_Plans_Nonvested_O
Stock Option Plans (Nonvested Options) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward] | ' | ' | ' |
Nonvested options, Number of Shares, beginning balance | 484,602 | ' | ' |
Nonvested options, Granted | 126,571 | 241,575 | 242,300 |
Nonvested options, Vested | -172,158 | ' | ' |
Nonvested options, Forfeited | -15,688 | ' | ' |
Nonvested options, Number of Shares, ending balance | 423,327 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | ' | ' | ' |
Nonvested options, Weighted Average Grant Date Fair Value, beginning balance | ' | $6.24 | ' |
Nonvested options, Granted, Weighted Average Grant Date Fair Value | $7.55 | ' | ' |
Nonvested options, Vested, Weighted Average Grant Date Fair Value | $6.35 | ' | ' |
Nonvested options, Forfeited, Weighted Average Grant Date Fair Value | $6.29 | ' | ' |
Nonvested options, Weighted Average Grant Date Fair Value, ending balance | $6.59 | ' | ' |
Regulatory_Matters_Details
Regulatory Matters (Details) (USD $) | 3 Months Ended | ||||
Sep. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | |
Metro Bancorp, Inc. [Member] | Metro Bancorp, Inc. [Member] | Metro Bank [Member] | Metro Bank [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' | ' | ' | ' |
Total capital, Actual Amount | ' | $284,808,000 | $264,944,000 | $274,954,000 | $253,852,000 |
Total capital, Actual Ratio | ' | 14.59% | 15.22% | 14.09% | 14.59% |
Total capital, For Capital Adequacy Purposes, Amount | ' | 156,168,000 | 139,227,000 | 156,101,000 | 139,160,000 |
Total capital, For Capital Adequacy Purposes, Ratio | ' | 8.00% | 8.00% | 8.00% | 8.00% |
Total capital, To Be Well-Capitalized Under Prompt Corrective Action Provisions, Amount | ' | ' | ' | 195,126,000 | 173,950,000 |
Total capital, To Be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio | ' | ' | ' | 10.00% | 10.00% |
Tier 1 capital, Actual Amount | ' | 261,697,000 | 243,147,000 | 251,844,000 | 232,065,000 |
Tier 1 capital, Actual Ratio | ' | 13.41% | 13.97% | 12.91% | 13.34% |
Tier 1 capital, For Capital Adequacy Purposes, Amount | ' | 78,084,000 | 69,614,000 | 78,050,000 | 69,580,000 |
Tier 1 capital, For Capital Adequacy Purposes, Ratio | ' | 4.00% | 4.00% | 4.00% | 4.00% |
Tier 1 capital, To Be Well-Capitalized Under Prompt Corrective Action Provisions, Amount | ' | ' | ' | 117,076,000 | 104,370,000 |
Tier 1 capital, To Be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio | ' | ' | ' | 6.00% | 6.00% |
Leverage ratio, Actual Amount | ' | 261,697,000 | 243,147,000 | 251,844,000 | 232,065,000 |
Leverage ratio, Actual Ratio | ' | 9.39% | 9.61% | 9.04% | 9.18% |
Leverage ratio, For Capital Adequacy Purposes, Amount | ' | 111,482,000 | 101,172,000 | 111,448,000 | 101,167,000 |
Leverage ratio, For Capital Adequacy Purposes, Ratio | ' | 4.00% | 4.00% | 4.00% | 4.00% |
Leverage ratio, To Be Well-Capitalized Under Prompt Corrective Action Provisions, Amount | ' | ' | ' | 139,310,000 | 126,459,000 |
Leverage ratio, To Be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio | ' | ' | ' | 5.00% | 5.00% |
Civil money penalty, nonrecurring | $1,500,000 | ' | ' | ' | ' |
Employee_Benefit_Plan_Employee
Employee Benefit Plan Employee Benefit Plan (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ' | ' | ' |
Maximum annual contribution per employee | 15.00% | ' | ' |
Annual contributions by employer | $865 | $785 | $703 |
Up to 3% of Employee Salary [Member] | ' | ' | ' |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ' | ' | ' |
Employer matching contribution | 100.00% | ' | ' |
Contribution per employee | 3.00% | ' | ' |
From 3% to 5% of Employee Salary [Member] | ' | ' | ' |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ' | ' | ' |
Employer matching contribution | 50.00% | ' | ' |
From 3% to 5% of Employee Salary [Member] | Minimum [Member] | ' | ' | ' |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ' | ' | ' |
Contribution per employee | 3.00% | ' | ' |
From 3% to 5% of Employee Salary [Member] | Maximum [Member] | ' | ' | ' |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ' | ' | ' |
Contribution per employee | 5.00% | ' | ' |
Fair_Value_Measurements_Financ
Fair Value Measurements (Financial Assets Measured at Fair Value on Recurring Basis) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | $585,923 | $675,109 |
U.S. Government agency securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 29,926 | 33,761 |
Residential MBSs [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 62,500 | 57,210 |
Fair value measurements, recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 585,923 | 675,109 |
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 | 29,926 | 33,761 |
Fair value measurements, recurring [Member] | Residential MBSs [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 62,500 | 57,210 |
Fair value measurements, recurring [Member] | Municipal securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 26,433 | 27,271 |
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] | Quoted Prices in Active Markets for Identical Assets, Level 1 [Member] | U.S. Government agency securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Fair value measurements, recurring [Member] | Quoted Prices in Active Markets for Identical Assets, Level 1 [Member] | Residential MBSs [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Fair value measurements, recurring [Member] | Quoted Prices in Active Markets for Identical Assets, Level 1 [Member] | Municipal securities [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 | 585,923 | 675,109 |
Fair value measurements, recurring [Member] | Significant Other Observable Inputs, Level 2 [Member] | U.S. Government agency securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 29,926 | 33,761 |
Fair value measurements, recurring [Member] | Significant Other Observable Inputs, Level 2 [Member] | Residential MBSs [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 62,500 | 57,210 |
Fair value measurements, recurring [Member] | Significant Other Observable Inputs, Level 2 [Member] | Municipal securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 26,433 | 27,271 |
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] | Significant Unobservable Inputs, Level 3 [Member] | U.S. Government agency securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Fair value measurements, recurring [Member] | Significant Unobservable Inputs, Level 3 [Member] | Residential MBSs [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Fair value measurements, recurring [Member] | Significant Unobservable Inputs, Level 3 [Member] | Municipal securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Fair value measurements, recurring [Member] | Agency Securities [Member] | Collateralized Mortgage Obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 467,064 | 556,867 |
Fair value measurements, recurring [Member] | Agency Securities [Member] | Quoted Prices in Active Markets for Identical Assets, Level 1 [Member] | Collateralized Mortgage Obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Fair value measurements, recurring [Member] | Agency Securities [Member] | Significant Other Observable Inputs, Level 2 [Member] | Collateralized Mortgage Obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Securities available for sale | 467,064 | 556,867 |
Fair value measurements, recurring [Member] | Agency Securities [Member] | Significant Unobservable Inputs, Level 3 [Member] | Collateralized Mortgage Obligations [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 $) | Dec. 31, 2013 | Dec. 31, 2012 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans with specific allocation | $5,707,000 | $11,991,000 |
Impaired loans net of partial charge-offs | 10,428,000 | 4,227,000 |
Foreclosed assets | 1,938,000 | 0 |
Total | 18,073,000 | 16,218,000 |
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 |
Foreclosed assets | 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 |
Foreclosed assets | 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 | 5,707,000 | 11,991,000 |
Impaired loans net of partial charge-offs | 10,428,000 | 4,227,000 |
Foreclosed assets | 1,938,000 | ' |
Total | $18,073,000 | $16,218,000 |
Fair_Value_Measurements_Estima
Fair Value Measurements (Estimated Fair Values of Financial Instruments) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Carrying Amount [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | $44,996 | $56,582 |
Securities | 869,737 | 944,892 |
Loans Held-for-sale, Fair Value Disclosure | 6,225 | 15,183 |
Loans, net | 1,727,762 | 1,503,515 |
Restricted investments in bank stock | 20,564 | 15,450 |
Accrued interest receivable | 7,059 | 7,206 |
Financial liabilities: | ' | ' |
Deposits | 2,239,621 | 2,231,291 |
Short-term borrowings | 277,750 | 113,225 |
Long-term debt | 15,800 | 40,800 |
Accrued interest payable | 218 | 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 | 44,996 | 56,582 |
Securities | 849,620 | 948,780 |
Loans Held-for-sale, Fair Value Disclosure | 6,371 | 15,415 |
Loans, net | 1,734,609 | 1,516,839 |
Restricted investments in bank stock | 20,564 | 15,450 |
Accrued interest receivable | 7,059 | 7,206 |
Financial liabilities: | ' | ' |
Deposits | 2,241,179 | 2,232,789 |
Short-term borrowings | 277,750 | 113,225 |
Long-term debt | 12,642 | 35,629 |
Accrued interest payable | 218 | 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] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 44,996 | 56,582 |
Accrued interest receivable | 7,059 | 7,206 |
Financial liabilities: | ' | ' |
Short-term borrowings | 277,750 | 113,225 |
Accrued interest payable | 218 | 308 |
Fair Value [Member] | Fair Value, Inputs, Level 1 [Member] | Commitments to Extend Credit [Member] | ' | ' |
Financial liabilities: | ' | ' |
Off-balance sheet instruments | 0 | 0 |
Fair Value [Member] | Fair Value, Inputs, Level 1 [Member] | Standby Letters of Credit [Member] | ' | ' |
Financial liabilities: | ' | ' |
Off-balance sheet instruments | 0 | 0 |
Fair Value [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Financial assets: | ' | ' |
Securities | 849,620 | 948,780 |
Fair Value [Member] | Fair Value, Inputs, Level 2 [Member] | Commitments to Extend Credit [Member] | ' | ' |
Financial liabilities: | ' | ' |
Off-balance sheet instruments | 0 | 0 |
Fair Value [Member] | Fair Value, Inputs, Level 2 [Member] | Standby Letters of Credit [Member] | ' | ' |
Financial liabilities: | ' | ' |
Off-balance sheet instruments | 0 | 0 |
Fair Value [Member] | Fair value inputs, Level 3 [Member] | ' | ' |
Financial assets: | ' | ' |
Loans Held-for-sale, Fair Value Disclosure | 6,371 | 15,415 |
Loans, net | 1,734,609 | 1,516,839 |
Restricted investments in bank stock | 20,564 | 15,450 |
Financial liabilities: | ' | ' |
Deposits | 2,241,179 | 2,232,789 |
Long-term debt | 12,642 | 35,629 |
Fair Value [Member] | Fair value inputs, Level 3 [Member] | Commitments to Extend Credit [Member] | ' | ' |
Financial liabilities: | ' | ' |
Off-balance sheet instruments | 0 | 0 |
Fair Value [Member] | Fair value 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 $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Allowance related to impaired loans | 5,585,000 | 7,120,000 |
Fair value inputs, Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Number of impaired loans | 6 | 7 |
Fair value measurements, nonrecurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans with specific allocation | 5,707,000 | 11,991,000 |
Impaired loans net of partial charge-offs | 10,428,000 | 4,227,000 |
Foreclosed assets, carrying value | 1,938,000 | 0 |
Fair value measurements, nonrecurring [Member] | Fair value inputs, Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans with specific allocation | 5,707,000 | 11,991,000 |
Allowance related to impaired loans | 5,600,000 | 7,100,000 |
Impaired loans net of partial charge-offs | 10,428,000 | 4,227,000 |
Impaired loans, charge-offs | -2,900,000 | -2,600,000 |
Foreclosed assets, carrying value | 1,938,000 | ' |
Valuation allowances | 62,000 | ' |
Real Estate [Member] | Minimum [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, collateral, discount rate | 10.00% | ' |
Real Estate [Member] | Maximum [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, collateral, discount rate | 35.00% | ' |
Real Estate [Member] | Weighted Average [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, collateral, discount rate | 21.00% | 19.00% |
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% | ' |
Commitments_and_Contingencies_
Commitments and Contingencies Commitments and Contingencies (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Nov. 07, 2008 |
Metro Bank Park [Member] | ' | ' |
Long-term Purchase Commitment [Line Items] | ' | ' |
Term of naming rights agreement | '15 years | ' |
Naming rights agreement, commitment amount | $3.50 | ' |
Fiserv Service Agreement [Member] | ' | ' |
Long-term Purchase Commitment [Line Items] | ' | ' |
Service agreement, term | '7 years | ' |
Service agreement, renewal period | '2 years | ' |
Service agreement, period prior to expiration to terminate agreement | '180 days | ' |
Service agreement, initial payment | ' | 3.4 |
Service Agreement, remaining amount | $19.40 | ' |
Service agreement, remaining term | '2 years 6 months | ' |
Related_Party_Transactions_Rel
Related Party Transactions Related Party Transactions (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Related Party Transactions [Abstract] | ' | ' | ' |
Payments for goods and services, related parties | $0 | $128 | $0 |
Quarterly_Financial_Data_unaud2
Quarterly Financial Data (unaudited) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest income | $25,403 | $24,866 | $24,612 | $24,445 | $24,096 | $24,255 | $24,625 | $24,332 | $99,326 | $97,308 | $97,695 |
Interest expense | 2,074 | 1,999 | 2,013 | 2,110 | 2,262 | 2,477 | 2,655 | 2,716 | 8,196 | 10,110 | 14,696 |
Net interest income | 23,329 | 22,867 | 22,599 | 22,335 | 21,834 | 21,778 | 21,970 | 21,616 | 91,130 | 87,198 | 82,999 |
Provision for loan losses | 1,575 | 1,200 | 1,800 | 2,300 | 2,150 | 2,500 | 2,950 | 2,500 | 6,875 | 10,100 | 20,592 |
Noninterest income | 7,965 | 7,516 | 7,334 | 7,375 | 7,805 | 7,148 | 7,460 | 7,441 | 30,190 | 29,854 | 30,452 |
Net gains (loss) on sales/calls of securities | 643 | 0 | -9 | 30 | 92 | -37 | 12 | 984 | 664 | 1,051 | 350 |
Noninterest expense | 22,737 | 22,443 | 22,360 | 22,329 | 22,486 | 23,053 | 22,674 | 22,931 | 89,869 | 91,144 | 94,014 |
Provision (benefit) for federal income taxes | 2,091 | 2,064 | 1,725 | 1,436 | 1,547 | 1,381 | 1,044 | 942 | 7,316 | 4,914 | -1,444 |
Net income | $4,891 | $4,676 | $4,048 | $3,645 | $3,456 | $1,992 | $2,762 | $2,684 | $17,260 | $10,894 | $289 |
Earnings per share, basic (in dollars per share) | $0.34 | $0.33 | $0.28 | $0.26 | $0.24 | $0.14 | $0.19 | $0.19 | $1.21 | $0.77 | $0.02 |
Earnings per share, diluted (in dollars per share) | $0.34 | $0.32 | $0.28 | $0.26 | $0.24 | $0.14 | $0.19 | $0.19 | $1.20 | $0.77 | $0.02 |
Condensed_Financial_Statements2
Condensed Financial Statements of Parent Company (Balance Sheets) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Other assets | $36,051 | $20,465 | ' | ' |
Total assets | 2,781,118 | 2,634,875 | ' | ' |
Long-term debt | 15,800 | 40,800 | ' | ' |
Other liabilities | 17,764 | 14,172 | ' | ' |
Total liabilities | 2,550,935 | 2,399,488 | ' | ' |
Preferred stock - Series A noncumulative; $10.00 par value; $1,000 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: 14,157,219; 2012: 14,131,263) | 14,157 | 14,131 | ' | ' |
Surplus | 158,650 | 157,305 | ' | ' |
Retained earnings | 73,491 | 56,311 | ' | ' |
Accumulated other comprehensive income (loss) | -16,515 | 7,240 | ' | ' |
Total stockholders' equity | 230,183 | 235,387 | 220,020 | 205,351 |
Total liabilities and stockholders' equity | 2,781,118 | 2,634,875 | ' | ' |
Metro Bancorp, Inc. [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Cash | 10,308 | 11,765 | ' | ' |
Other assets | 40 | 54 | ' | ' |
Total assets | 246,477 | 251,924 | ' | ' |
Long-term debt | 15,800 | 15,800 | ' | ' |
Other liabilities | 494 | 737 | ' | ' |
Total liabilities | 16,294 | 16,537 | ' | ' |
Total stockholders' equity | 230,183 | 235,387 | ' | ' |
Total liabilities and stockholders' equity | 246,477 | 251,924 | ' | ' |
Metro Bancorp, Inc. [Member] | Banking Subsidiary [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Investments in subsidiaries | 235,329 | 239,305 | ' | ' |
Metro Bancorp, Inc. [Member] | Non-banking Subsidiaries [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Investments in subsidiaries | $800 | $800 | ' | ' |
Condensed_Financial_Statements3
Condensed Financial Statements of Parent Company Condensed Financial Statements of Parent Company (Statements of Operations) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt prepayment charge | ' | ' | ' | ' | ' | ' | ' | ' | $0 | ($140) | ($75) |
Interest expense | 2,074 | 1,999 | 2,013 | 2,110 | 2,262 | 2,477 | 2,655 | 2,716 | 8,196 | 10,110 | 14,696 |
Income tax benefit | -2,091 | -2,064 | -1,725 | -1,436 | -1,547 | -1,381 | -1,044 | -942 | -7,316 | -4,914 | 1,444 |
Net income | 4,891 | 4,676 | 4,048 | 3,645 | 3,456 | 1,992 | 2,762 | 2,684 | 17,260 | 10,894 | 289 |
Metro Bancorp, Inc. [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 62 | 95 | 122 |
Debt prepayment charge | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -140 | -75 |
Total income | ' | ' | ' | ' | ' | ' | ' | ' | 62 | -45 | 47 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 1,227 | 1,949 | 2,611 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 556 | 1,441 | 2,293 |
Total expenses | ' | ' | ' | ' | ' | ' | ' | ' | 1,783 | 3,390 | 4,904 |
Loss before income tax benefit and equity in undistributed net income of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | -1,721 | -3,435 | -4,857 |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | 595 | 1,168 | 1,651 |
Loss before equity in undistributed net income (loss) of subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | -1,126 | -2,267 | -3,206 |
Equity in undistributed net income (loss) of bank subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | 18,386 | 13,161 | 3,495 |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | $17,260 | $10,894 | $289 |
Condensed_Financial_Statements4
Condensed Financial Statements of Parent Company Condensed Financial Statements of Parent Company (Statements of Cash Flows) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net income | $17,260 | $10,894 | $289 |
Stock-based compensation | 948 | 1,082 | 1,250 |
Debt prepayment charge | 0 | 140 | 75 |
Increase (decrease) in other liabilities | 2,947 | -1,253 | -11,679 |
(Increase) decrease in other assets | -985 | 5,782 | 15,437 |
Net cash provided by (used in) operating activities | 44,540 | 31,728 | 47,933 |
Net cash used by investing activities | -204,323 | -229,585 | -213,085 |
Proceeds from common stock options exercised | 304 | 0 | 0 |
Proceeds from issuance of common stock under stock purchase plan | -1 | -1 | -1 |
Repayment of long-term debt | -25,000 | -8,540 | -5,275 |
Tax benefit on exercise of stock options | 51 | 0 | 0 |
Cash dividends on preferred stock | -80 | -80 | -80 |
Net cash (used in) provided by financing activities | 148,197 | 199,366 | 187,367 |
Decrease in cash and cash equivalents | -11,586 | 1,509 | 22,215 |
Metro Bancorp, Inc. [Member] | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net income | 17,260 | 10,894 | 289 |
Amortization of financing costs | 2 | 29 | 8 |
Stock-based compensation | 948 | 1,082 | 1,250 |
Debt prepayment charge | 0 | 140 | 75 |
Increase (decrease) in other liabilities | -243 | 217 | -108 |
(Increase) decrease in other assets | -11 | 2,625 | 1,990 |
Equity in undistributed net (income) loss of bank subsidiary | -18,386 | -13,161 | -3,495 |
Net cash provided by (used in) operating activities | -430 | 1,826 | 9 |
Net cash used by investing activities | -1,369 | -1,126 | -5,052 |
Proceeds from common stock options exercised | 304 | 0 | 0 |
Proceeds from issuance of common stock under stock purchase plan | 67 | 44 | 3,802 |
Repayment of long-term debt | 0 | -8,540 | -5,275 |
Tax benefit on exercise of stock options | 51 | 0 | 0 |
Cash dividends on preferred stock | -80 | -80 | -80 |
Net cash (used in) provided by financing activities | 342 | -8,576 | -1,553 |
Decrease in cash and cash equivalents | -1,457 | -7,876 | -6,596 |
Cash and cash equivalents at beginning of the year | 11,765 | 19,641 | 26,237 |
Cash and cash equivalents at end of year | 10,308 | 11,765 | 19,641 |
Metro Bancorp, Inc. [Member] | Banking Subsidiary [Member] | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Investment in bank subsidiary | ($1,369) | ($1,126) | ($5,052) |