Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 31, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'SOUTHERN FIRST BANCSHARES INC | ' |
Entity Central Index Key | '0001090009 | ' |
Amendment Flag | 'false | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 4,313,733 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Cash and cash equivalents: | ' | ' |
Cash and due from banks | $7,627 | $13,063 |
Interest-bearing deposits with banks | 16,089 | 16,350 |
Total cash and cash equivalents | 23,716 | 29,413 |
Investment securities: | ' | ' |
Investment securities available for sale | 70,170 | 78,222 |
Other investments | 7,466 | 7,794 |
Total investment securities | 77,636 | 86,016 |
Loans | 708,033 | 645,949 |
Less allowance for loan losses | -9,816 | -9,091 |
Loans, net | 698,217 | 636,858 |
Bank owned life insurance | 21,223 | 18,725 |
Property and equipment, net | 19,879 | 18,733 |
Deferred income taxes | 4,235 | 3,176 |
Other assets | 4,984 | 5,077 |
Total assets | 849,890 | 797,998 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ' | ' |
Deposits | 607,052 | 576,299 |
Federal funds purchased | 3,555 | 13,190 |
Federal Home Loan Bank advances and other borrowings | 154,100 | 124,100 |
Junior subordinated debentures | 13,403 | 13,403 |
Other liabilities | 7,004 | 6,881 |
Total liabilities | 785,114 | 733,873 |
Shareholders' equity: | ' | ' |
Preferred stock, par value $.01 per share, 10,000,000 shares authorized, 15,299 and 16,299 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively | 15,299 | 16,299 |
Common stock, par value $.01 per share, 10,000,000 shares authorized, 4,313,431 and 4,247,404 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively | 43 | 43 |
Nonvested restricted stock | -671 | -160 |
Additional paid-in capital | 43,418 | 42,396 |
Accumulated other comprehensive income (loss) | -789 | 1,178 |
Retained earnings | 7,476 | 4,369 |
Total shareholders' equity | 64,776 | 64,125 |
Total liabilities and shareholders' equity | $849,890 | $797,998 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Balance Sheets [Abstract] | ' | ' |
Preferred stock, par value (in dollars per share) | $0.01 | $0.01 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 15,299 | 16,299 |
Preferred stock, shares outstanding | 15,299 | 16,299 |
Common stock, par value (in dollars per share) | $0.01 | $0.01 |
Common stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, shares issued | 4,313,431 | 4,247,404 |
Common stock, shares outstanding | 4,313,431 | 4,247,404 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Interest income | ' | ' | ' | ' |
Loans | $8,639 | $8,343 | $25,371 | $24,351 |
Investment securities | 447 | 434 | 1,336 | 1,481 |
Federal funds sold | 14 | 13 | 47 | 48 |
Total interest income | 9,100 | 8,790 | 26,754 | 25,880 |
Interest expense | ' | ' | ' | ' |
Deposits | 673 | 942 | 2,203 | 3,241 |
Borrowings | 1,064 | 1,140 | 3,180 | 3,424 |
Total interest expense | 1,737 | 2,082 | 5,383 | 6,665 |
Net interest income | 7,363 | 6,708 | 21,371 | 19,215 |
Provision for loan losses | 775 | 1,125 | 2,650 | 3,600 |
Net interest income after provision for loan losses | 6,588 | 5,583 | 18,721 | 15,615 |
Noninterest income | ' | ' | ' | ' |
Loan fee income | 398 | 364 | 923 | 754 |
Service fees on deposit accounts | 207 | 230 | 635 | 583 |
Income from bank owned life insurance | 179 | 157 | 498 | 467 |
Gain on sale of investment securities | ' | 295 | ' | 363 |
Other income | 271 | 240 | 759 | 698 |
Total noninterest income | 1,055 | 1,286 | 2,815 | 2,865 |
Noninterest expenses | ' | ' | ' | ' |
Compensation and benefits | 3,134 | 2,625 | 9,104 | 7,398 |
Occupancy | 755 | 621 | 2,206 | 1,818 |
Real estate owned activity | 25 | 267 | 30 | 720 |
Data processing and related costs | 611 | 518 | 1,781 | 1,540 |
Insurance | 171 | 341 | 612 | 1,030 |
Marketing | 171 | 150 | 576 | 513 |
Professional fees | 246 | 248 | 609 | 675 |
Other | 397 | 255 | 1,122 | 765 |
Total noninterest expenses | 5,510 | 5,025 | 16,040 | 14,459 |
Income before income tax expense | 2,133 | 1,844 | 5,496 | 4,021 |
Income tax expense | 714 | 618 | 1,815 | 1,292 |
Net income | 1,419 | 1,226 | 3,681 | 2,729 |
Preferred stock dividend | 191 | 204 | 580 | 636 |
Discount accretion | ' | 180 | ' | 360 |
Redemption of preferred stock | ' | ' | 20 | 96 |
Net income available to common shareholders | $1,228 | $842 | $3,121 | $1,829 |
Earnings per common share | ' | ' | ' | ' |
Basic | $0.29 | $0.20 | $0.73 | $0.43 |
Diluted | $0.27 | $0.19 | $0.71 | $0.42 |
Weighted average common shares outstanding | ' | ' | ' | ' |
Basic | 4,271,652 | 4,229,819 | 4,267,693 | 4,226,145 |
Diluted | 4,490,026 | 4,349,971 | 4,428,164 | 4,351,568 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statements of Comprehensive Income (Loss) [Abstract] | ' | ' | ' | ' |
Net income | $1,419 | $1,226 | $3,681 | $2,729 |
Unrealized gain (loss) on securities available for sale: | ' | ' | ' | ' |
Unrealized holding gain (loss) arising during the period, pretax | -251 | 466 | -2,982 | 912 |
Tax (expense) benefit | 84 | -158 | 1,015 | -310 |
Reclassification to realized gain | ' | -295 | ' | -363 |
Tax expense | ' | 100 | ' | 123 |
Other comprehensive income (loss) | -167 | 113 | -1,967 | 362 |
Comprehensive income | $1,252 | $1,339 | $1,714 | $3,091 |
Consolidated_Statements_of_Sha
Consolidated Statements of Shareholders' Equity (Unaudited) (USD $) | Total | Common stock | Preferred stock | Nonvested restricted stock | Additional paid-in capital | Accumulated other comprehensive income (loss) | Retained earnings |
In Thousands, except Share data, unless otherwise specified | |||||||
Beginning balance at Dec. 31, 2011 | $62,539 | $38 | $16,596 | ($16) | $39,546 | $1,041 | $5,334 |
Beginning balance, shares at Dec. 31, 2011 | ' | 3,820,830 | 17,299 | ' | ' | ' | ' |
Net income | 2,729 | ' | ' | ' | ' | ' | 2,729 |
Preferred stock transactions: | ' | ' | ' | ' | ' | ' | ' |
Redemption of preferred stock | -904 | ' | -1,000 | ' | ' | ' | 96 |
Redemption of preferred stock, shares | ' | ' | -1,000 | ' | ' | ' | ' |
Redemption of CPP warrant | -1,100 | ' | ' | ' | -1,100 | ' | ' |
Cash dividends on Series T preferred stock | -643 | ' | ' | ' | ' | ' | -643 |
Discount accretion | ' | ' | 703 | ' | -343 | ' | -360 |
Proceeds from exercise of stock options | 57 | ' | ' | ' | 57 | ' | ' |
Proceeds from exercise of stock options, shares | ' | 9,075 | ' | ' | ' | ' | ' |
Stock dividend on stock options and restricted stock (10%) | ' | ' | ' | ' | 14 | ' | -14 |
Stock dividend on stock options and restricted stock (10%), shares | ' | 1,907 | ' | ' | ' | ' | ' |
Issuance of restricted stock | ' | ' | ' | -175 | 175 | ' | ' |
Issuance of restricted stock, shares | ' | 22,500 | ' | ' | ' | ' | ' |
Cash in lieu of fractional shares | -2 | ' | ' | ' | ' | ' | -2 |
Amortization of deferred compensation on restricted stock | 19 | ' | ' | 19 | ' | ' | ' |
Compensation expense related to stock options, net of tax | 230 | ' | ' | ' | 230 | ' | ' |
Other comprehensive income | 362 | ' | ' | ' | ' | 362 | ' |
Balance at Sep. 30, 2012 | 63,287 | 38 | 16,299 | -172 | 38,579 | 1,403 | 7,140 |
Balance, shares at Sep. 30, 2012 | ' | 3,854,312 | 16,299 | ' | ' | ' | ' |
Beginning balance at Dec. 31, 2012 | 64,125 | 43 | 16,299 | -160 | 42,396 | 1,178 | 4,369 |
Beginning balance, shares at Dec. 31, 2012 | ' | 4,247,404 | 16,299 | ' | ' | ' | ' |
Net income | 3,681 | ' | ' | ' | ' | ' | 3,681 |
Preferred stock transactions: | ' | ' | ' | ' | ' | ' | ' |
Redemption of preferred stock | -980 | ' | -1,000 | ' | ' | ' | 20 |
Redemption of preferred stock, shares | ' | ' | -1,000 | ' | ' | ' | ' |
Cash dividends on Series T preferred stock | -587 | ' | ' | ' | ' | ' | -587 |
Proceeds from exercise of stock options | 152 | ' | ' | ' | 152 | ' | ' |
Proceeds from exercise of stock options, shares | ' | 23,527 | ' | ' | ' | ' | ' |
Issuance of restricted stock | ' | ' | ' | -552 | 552 | ' | ' |
Issuance of restricted stock, shares | ' | 42,500 | ' | ' | ' | ' | ' |
Cash in lieu of fractional shares | -7 | ' | ' | ' | ' | ' | -7 |
Amortization of deferred compensation on restricted stock | 41 | ' | ' | 41 | ' | ' | ' |
Compensation expense related to stock options, net of tax | 318 | ' | ' | ' | 318 | ' | ' |
Other comprehensive income | -1,967 | ' | ' | ' | ' | -1,967 | ' |
Balance at Sep. 30, 2013 | $64,776 | $43 | $15,299 | ($671) | $43,418 | ($789) | $7,476 |
Balance, shares at Sep. 30, 2013 | ' | 4,313,431 | 15,299 | ' | ' | ' | ' |
Consolidated_Statements_of_Sha1
Consolidated Statements of Shareholders' Equity (Parenthetical) (Unaudited) | 9 Months Ended |
Sep. 30, 2012 | |
Statements of Stockholders' Equity [Abstract] | ' |
Percentage of stock dividend on stock options and restricted stock | 10.00% |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Operating activities | ' | ' |
Net income | $3,681 | $2,729 |
Adjustments to reconcile net income to cash provided by operating activities: | ' | ' |
Provision for loan losses | 2,650 | 3,600 |
Depreciation and other amortization | 897 | 732 |
Accretion and amortization of securities discounts and premium, net | 538 | 676 |
Gain on sale of investment securities | ' | -363 |
(Gain) loss on sale and write-down of real estate owned | -15 | 681 |
Compensation expense related to stock options and grants | 359 | 249 |
Increase in cash surrender value of bank owned life insurance | -498 | -467 |
(Increase) decrease in deferred tax asset | -44 | 108 |
(Increase) decrease in other assets, net | -47 | 934 |
Increase (decrease) in other liabilities, net | 123 | -1,005 |
Net cash provided by operating activities | 7,644 | 7,874 |
Increase (decrease) in cash realized from: | ' | ' |
Origination of loans, net | -65,322 | -43,676 |
Purchase of property and equipment | -2,043 | -974 |
Purchase of investment securities: | ' | ' |
Available for sale | -3,260 | -18,046 |
Other | -2,025 | ' |
Payments and maturity of investment securities: | ' | ' |
Available for sale | 7,592 | 9,702 |
Other | 2,353 | 130 |
Purchase of bank owned life insurance | -2,000 | ' |
Proceeds from sale of investment securities | 200 | 45,143 |
Proceeds from sale of real estate owned | 1,468 | 2,409 |
Net cash used for investing activities | -63,037 | -5,312 |
Increase (decrease) in cash realized from: | ' | ' |
Increase in deposits, net | 30,753 | 11,527 |
Decrease in short-term borrowings | -9,635 | ' |
Increase in FHLB advances and other borrowings | 30,000 | 1,400 |
Cash dividend on preferred stock | -587 | -643 |
Cash in lieu of fractional shares | -7 | -2 |
Redemption of preferred stock | -980 | -904 |
Redemption of CPP Warrant | ' | -1,100 |
Proceeds from the exercise of stock options and warrants | 152 | 57 |
Net cash provided by financing activities | 49,696 | 10,335 |
Net increase (decrease) in cash and cash equivalents | -5,697 | 12,897 |
Cash and cash equivalents at beginning of the period | 29,413 | 23,005 |
Cash and cash equivalents at end of the period | 23,716 | 35,902 |
Cash paid for | ' | ' |
Interest | 5,949 | 6,913 |
Income taxes | 1,860 | 1,184 |
Schedule of non-cash transactions | ' | ' |
Real estate acquired in settlement of loans | 1,313 | 1,380 |
Unrealized gain (loss) on securities, net of income taxes | ($1,967) | $602 |
Nature_of_Business_and_Basis_o
Nature of Business and Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Nature of Business and Basis of Presentation [Abstract] | ' |
Nature of Business and Basis of Presentation | ' |
NOTE 1 - Nature of Business and Basis of Presentation | |
Business Activity | |
Southern First Bancshares, Inc. (the "Company") is a South Carolina corporation that owns all of the capital stock of Southern First Bank (the "Bank") and all of the stock of Greenville First Statutory Trust I and II (collectively, the "Trusts"). The Trusts are special purpose non-consolidated entities organized for the sole purpose of issuing trust preferred securities. The Bank's primary federal regulator is the Federal Deposit Insurance Corporation (the "FDIC"). The Bank is also regulated and examined by the South Carolina Board of Financial Institutions. The Bank is primarily engaged in the business of accepting demand deposits and savings deposits insured by the FDIC, and providing commercial, consumer and mortgage loans to the general public. | |
Basis of Presentation | |
The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and nine month periods ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2012, as filed with the Securities and Exchange Commission (the "SEC") on March 5, 2013 (File No. 000-27719). The consolidated financial statements include the accounts of the Company and the Bank. In accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 810, "Consolidation," the financial statements related to the Trusts have not been consolidated. | |
Use of Estimates | |
The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amount of income and expenses during the reporting periods. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, other real estate owned, fair value of financial instruments, evaluating other-than-temporary-impairment of investment securities and valuation of deferred tax assets. | |
Reclassifications | |
Certain amounts, previously reported, have been reclassified to state all periods on a comparable basis and had no effect on shareholders' equity or net income. | |
Subsequent Events | |
Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date. Management performed an evaluation to determine whether there have been any subsequent events since the balance sheet date and determined that no subsequent events occurred requiring accrual or disclosure. | |
Recently Adopted Accounting Pronouncements | |
The following is a summary of recently adopted authoritative pronouncements that have impacted the accounting, reporting, and/or disclosure of financial information by the Company. | |
The Comprehensive Income topic of the ASC was amended in June 2011. The amendment eliminated the option to present other comprehensive income as a part of the statement of changes in stockholders' equity and required consecutive presentation of the statement of net income and other comprehensive income. The amendments were applicable to the Company January 1, 2012 and have been applied retrospectively. In December 2011, the topic was further amended to defer the effective date of presenting reclassification adjustments from other comprehensive income to net income on the face of the financial statements while the FASB redeliberated the presentation requirements for the reclassification adjustments. In February 2013, the FASB further amended the Comprehensive Income topic clarifying the conclusions from such redeliberations. Specifically, the amendments do not change the current requirements for reporting net income or other comprehensive income in financial statements. However, the amendments do require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, in certain circumstances 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. The amendments were effective for the Company on a prospective basis for reporting periods beginning after December 15, 2012. These amendments did not have a material effect on the Company's financial statements. | |
Preferred_Stock_Issuance_and_P
Preferred Stock Issuance and Partial Redemption | 9 Months Ended |
Sep. 30, 2013 | |
Preferred Stock Issuance and Partial Redemption [Abstract] | ' |
Preferred Stock Issuance and Partial Redemption | ' |
NOTE 2 - Preferred Stock Issuance and Partial Redemption | |
On February 27, 2009, as part of the Capital Purchase Program ("CPP"), the Company entered into a Securities Purchase Agreement with the U.S. Department of the Treasury (the "Treasury"), pursuant to which the Company sold 17,299 shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series T (the "Series T Preferred Stock") and a warrant to purchase 399,970.34 shares of the Company's common stock (the "Warrant") for an aggregate purchase price of $17.3 million in cash. The Series T Preferred Stock qualified as Tier 1 capital and was entitled to cumulative dividends at a rate of 5% per annum for the first five years and 9% per annum thereafter. The Warrant had a 10-year term and was immediately exercisable upon its issuance, with an exercise price, subject to anti-dilution adjustments equal to $6.487 per share of the common stock. | |
On June 28, 2012, the Treasury sold its Series T Preferred Stock through a public offering structured as a modified Dutch auction. The Company bid on a portion of the Series T Preferred Stock in the auction after receiving approval from its regulators to do so. The clearing price per share for the preferred shares was $904 (compared to a par value of $1,000 per share), and the Company was successful in repurchasing 1,000 shares of the 17,299 shares of Series T Preferred Stock outstanding through the auction process. The remaining 16,299 shares of Series T Preferred Stock held by the Treasury were sold to unrelated third-parties through the auction process. Included in the September 30, 2012 operating results are approximately $130,000 of costs incurred by the Company related to the offering. These costs are not tax-deductible. The net balance sheet impact was a reduction to shareholders' equity of $904,000 which is comprised of a decrease in Series T Preferred Stock of $1.0 million and a $96,000 increase to retained earnings related to the discount on the shares repurchased. The redemption of the $1.0 million in preferred shares will save the Company $50,000 annually in dividend expenses. | |
In addition, on July 25, 2012, the Company completed its repurchase of the Warrant from the Treasury for a mutually agreed upon price of $1.1 million. The difference between the fair value of the Warrant, as originally recorded, and the $1.1 million repurchase price was $343,000 which resulted in a decrease to additional paid in capital. The Company also recorded the remaining accretion of $180,000 on the Series T Preferred Stock which brought the Series T Preferred Stock to its par value. Following the settlement of the Warrant on July 25, 2012, the Treasury has completely eliminated its equity stake in the Company through the Capital Purchase Program. | |
In conjunction with the repurchase of the Warrant, the Company obtained an interest only line of credit for $1.5 million with another financial institution. Interest is payable quarterly at a rate of 5%, and the line of credit matures on February 3, 2014. | |
On January 3, 2013 and April 1, 2013, the Company redeemed a total of $1.0 million of its outstanding Series T preferred stock from three of its preferred shareholders. Since July of 2012, the Company has redeemed a cumulative $2.0 million of its outstanding Series T preferred stock and reduced the balance to $15.3 million. |
Investment_Securities
Investment Securities | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Securities | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
NOTE 3 - Investment Securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The amortized costs and fair value of investment securities are as follows: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Gross Unrealized | Fair | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | Cost | Gains | Losses | Value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | $ | 8,755 | - | 750 | 8,005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | 5,904 | - | 451 | 5,453 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 23,868 | 396 | 501 | 23,763 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | 32,839 | 384 | 274 | 32,949 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total investment securities available for sale | $ | 71,366 | 780 | 1,976 | 70,170 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Gross Unrealized | Fair | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | $ | 7,781 | 14 | 10 | 7,785 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | 6,060 | 17 | 5 | 6,072 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 24,167 | 1,130 | 48 | 25,249 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | 38,428 | 702 | 14 | 39,116 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total investment securities available for sale | $ | 76,436 | 1,863 | 77 | 78,222 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contractual maturities and yields on our investment securities at September 30, 2013 and December 31, 2012 are shown in the following table. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less than one year | One to five years | Five to ten years | Over ten years | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | Amount | Yield | Amount | Yield | Amount | Yield | Amount | Yield | Amount | Yield | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | $ | - | - | - | - | 971 | 2.13 | % | 7,034 | 2.43 | % | 8,005 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | - | - | - | - | - | - | 5,453 | 1.87 | % | 5,453 | 1.87 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 777 | 1.02 | % | 3,071 | 0.63 | % | 5,566 | 3.18 | % | 14,349 | 2.94 | % | 23,763 | 2.63 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | - | - | - | - | 2,225 | 1.78 | % | 30,724 | 2.28 | % | 32,949 | 2.24 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 777 | 1.02 | % | 3,071 | 0.63 | % | 8,762 | 2.7 | % | 57,560 | 2.42 | % | 70,170 | 2.36 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less than one year | One to five years | Five to ten years | Over ten years | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount | Yield | Amount | Yield | Amount | Yield | Amount | Yield | Amount | Yield | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | $ | - | - | - | - | - | - | 7,785 | 2.42 | % | 7,785 | 2.42 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | - | - | - | - | - | - | 6,072 | 1.89 | % | 6,072 | 1.89 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 421 | 1.43 | % | 3,671 | 0.6 | % | 5,031 | 3.11 | % | 16,126 | 2.96 | % | 25,249 | 2.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | - | - | - | - | - | - | 39,116 | 2.29 | % | 39,116 | 2.29 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 421 | 1.43 | % | 3,671 | 0.6 | % | 5,031 | 3.11 | % | 69,099 | 2.42 | % | 78,222 | 2.37 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||
The tables below summarize gross unrealized losses on investment securities and the fair market value of the related securities at September 30, 2013 and December 31, 2012, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | # | Fair | Unrealized | # | Fair | Unrealized | # | Fair | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value | losses | value | losses | value | losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | 3 | $ | 8,005 | $ | 750 | - | $ | - | $ | - | 3 | $ | 8,005 | $ | 750 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | 2 | 5,453 | 451 | - | - | - | 2 | 5,453 | 451 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 27 | 11,112 | 501 | - | - | - | 27 | 11,112 | 501 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | 7 | 13,478 | 274 | - | - | - | 7 | 13,478 | 274 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 39 | $ | 38,048 | $ | 1,976 | - | $ | - | $ | - | 39 | $ | 38,048 | $ | 1,976 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
# | Fair | Unrealized | # | Fair | Unrealized | # | Fair | Unrealized | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value | losses | value | losses | value | losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | 1 | $ | 3,771 | $ | 10 | - | $ | - | $ | - | 1 | $ | 3,771 | $ | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | 1 | 2,015 | 5 | - | - | - | 1 | 2,015 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 16 | 6,608 | 48 | - | - | - | 16 | 6,608 | 48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | 2 | 3,669 | 14 | - | - | - | 2 | 3,669 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 20 | $ | 16,063 | $ | 77 | - | $ | - | $ | - | 20 | $ | 16,063 | $ | 77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
At September 30, 2013, the Company had 39 individual investments that were in an unrealized loss position for less than 12 months. The unrealized losses were primarily attributable to changes in interest rates, rather than deterioration in credit quality. The Company considers the length of time and extent to which the fair value of available-for-sale debt securities have been less than cost to conclude that such securities are not other-than-temporarily impaired. We also consider other factors such as the financial condition of the issuer including credit ratings and specific events affecting the operations of the issuer, volatility of the security, underlying assets that collateralize the debt security, and other industry and macroeconomic conditions. As the Company has no intent to sell securities with unrealized losses and it is not more-likely-than-not that the Company will be required to sell these securities before recovery of amortized cost, we have concluded that the securities are not impaired on an other-than-temporary basis. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other investments are comprised of the following and are recorded at cost which approximates fair value. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | 30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal Reserve Bank stock | $ | - | 1,485 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal Home Loan Bank stock | 6,964 | 5,807 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Certificates of deposit with other banks | 99 | 99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment in Trust Preferred securities | 403 | 403 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total other investments | $ | 7,466 | 7,794 |
Loans_and_Allowance_for_Loan_L
Loans and Allowance for Loan Losses | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
NOTE 3 - Investment Securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The amortized costs and fair value of investment securities are as follows: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Gross Unrealized | Fair | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | Cost | Gains | Losses | Value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | $ | 8,755 | - | 750 | 8,005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | 5,904 | - | 451 | 5,453 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 23,868 | 396 | 501 | 23,763 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | 32,839 | 384 | 274 | 32,949 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total investment securities available for sale | $ | 71,366 | 780 | 1,976 | 70,170 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Gross Unrealized | Fair | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | $ | 7,781 | 14 | 10 | 7,785 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | 6,060 | 17 | 5 | 6,072 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 24,167 | 48 | 25,249 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | 38,428 | 702 | 14 | 39,116 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total investment securities available for sale | $ | 76,436 | 1,863 | 77 | 78,222 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contractual maturities and yields on our investment securities at September 30, 2013 and December 31, 2012 are shown in the following table. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8,762 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less than one year | One to five years | Five to ten years | Over ten years | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | Amount | Yield | Amount | Yield | Amount | Yield | Amount | Yield | Amount | Yield | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | $ | - | - | - | - | 971 | 2.13 | % | 7,034 | 2.43 | % | 8,005 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | - | - | - | - | - | - | 5,453 | 1.87 | % | 5,453 | 1.87 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 777 | 1.02 | % | 3,071 | 0.63 | % | 5,566 | 3.18 | % | 14,349 | 2.94 | % | 23,763 | 2.63 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | - | - | - | - | 2,225 | 1.78 | % | 30,724 | 2.28 | % | 32,949 | 2.24 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 777 | 1.02 | % | 3,071 | 0.63 | % | 2.7 | % | 57,560 | 2.42 | % | 70,170 | 2.36 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less than one year | One to five years | Five to ten years | Over ten years | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount | Yield | Amount | Yield | Amount | Yield | Amount | Yield | Amount | Yield | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | $ | - | - | - | - | - | - | 7,785 | 2.42 | % | 7,785 | 2.42 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | - | - | - | - | - | - | 6,072 | 1.89 | % | 6,072 | 1.89 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 421 | 1.43 | % | 3,671 | 0.6 | % | 5,031 | 3.11 | % | 16,126 | 2.96 | % | 25,249 | 2.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | - | - | - | - | - | - | 39,116 | 2.29 | % | 39,116 | 2.29 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 421 | 1.43 | % | 3,671 | 0.6 | % | 5,031 | 3.11 | % | 69,099 | 2.42 | % | 78,222 | 2.37 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||
The tables below summarize gross unrealized losses on investment securities and the fair market value of the related securities at September 30, 2013 and December 31, 2012, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | # | Fair | Unrealized | # | Fair | Unrealized | # | Fair | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value | losses | value | losses | value | losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | 3 | $ | 8,005 | $ | 750 | - | $ | - | $ | - | 3 | $ | 8,005 | $ | 750 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | 2 | 5,453 | 451 | - | - | - | 2 | 5,453 | 451 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 27 | 11,112 | 501 | - | - | - | 27 | 11,112 | 501 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | 7 | 13,478 | 274 | - | - | - | 7 | 13,478 | 274 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 39 | $ | 38,048 | $ | 1,976 | - | $ | - | $ | - | 39 | $ | 38,048 | $ | 1,976 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
# | Fair | Unrealized | # | Fair | Unrealized | # | Fair | Unrealized | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value | losses | value | losses | value | losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | 1 | $ | 3,771 | $ | 10 | - | $ | - | $ | - | 1 | $ | 3,771 | $ | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | 1 | 2,015 | 5 | - | - | - | 1 | 2,015 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 16 | 6,608 | 48 | - | - | - | 16 | 6,608 | 48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | 2 | 3,669 | 14 | - | - | - | 2 | 3,669 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 20 | $ | 16,063 | $ | 77 | - | $ | - | $ | - | 20 | $ | 16,063 | $ | 77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
At September 30, 2013, the Company had 39 individual investments that were in an unrealized loss position for less than 12 months. The unrealized losses were primarily attributable to changes in interest rates, rather than deterioration in credit quality. The Company considers the length of time and extent to which the fair value of available-for-sale debt securities have been less than cost to conclude that such securities are not other-than-temporarily impaired. We also consider other factors such as the financial condition of the issuer including credit ratings and specific events affecting the operations of the issuer, volatility of the security, underlying assets that collateralize the debt security, and other industry and macroeconomic conditions. As the Company has no intent to sell securities with unrealized losses and it is not more-likely-than-not that the Company will be required to sell these securities before recovery of amortized cost, we have concluded that the securities are not impaired on an other-than-temporary basis. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other investments are comprised of the following and are recorded at cost which approximates fair value. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | 30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal Reserve Bank stock | $ | - | 1,485 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal Home Loan Bank stock | 6,964 | 5,807 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Certificates of deposit with other banks | 99 | 99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment in Trust Preferred securities | 403 | 403 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total other investments | $ | 7,466 | 7,794 |
Troubled_Debt_Restructurings
Troubled Debt Restructurings | 9 Months Ended | |||||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||||
Troubled Debt Restructurings [Abstract] | ' | |||||||||||||||||||||||||||||
Troubled Debt Restructurings | ' | |||||||||||||||||||||||||||||
NOTE 5 - Troubled Debt Restructurings | ||||||||||||||||||||||||||||||
At September 30, 2013, we had 36 loans totaling $12.5 million and at December 31, 2012 we had 36 loans totaling $14.2 million, which we considered as TDRs. The Company considers a loan to be a TDR when the debtor experiences financial difficulties and the Company provides concessions such that we will not collect all principal and interest in accordance with the original terms of the loan agreement. Concessions can relate to the contractual interest rate, maturity date, or payment structure of the note. As part of our workout plan for individual loan relationships, we may restructure loan terms to assist borrowers facing financial challenges. | ||||||||||||||||||||||||||||||
The following table summarizes the concession at the time of modification and the recorded investment in our TDRs before and after their modification during the nine months ended September 30, 2013 and 2012, respectively. | ||||||||||||||||||||||||||||||
For the nine months ended September 30, 2013 | ||||||||||||||||||||||||||||||
Pre-modification | Post-modification | |||||||||||||||||||||||||||||
Renewals | Reduced | Converted | Maturity | Total | outstanding | outstanding | ||||||||||||||||||||||||
deemed a | or deferred | to interest | date | number | recorded | recorded | ||||||||||||||||||||||||
(dollars in thousands) | concession | payments | only | extensions | of loans | investment | investment | |||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||
Owner occupied RE | - | - | - | - | - | $ | - | $ | - | |||||||||||||||||||||
Non-owner occupied RE | - | - | - | - | - | - | - | |||||||||||||||||||||||
Construction | - | - | - | - | - | - | - | |||||||||||||||||||||||
Business | 8 | - | - | - | 8 | 1,636 | 1,637 | |||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||||||||
Real estate | - | - | - | - | - | - | - | |||||||||||||||||||||||
Home equity | - | - | - | - | - | - | - | |||||||||||||||||||||||
Construction | - | - | - | - | - | - | - | |||||||||||||||||||||||
Other | 1 | - | - | - | 1 | 4 | 4 | |||||||||||||||||||||||
Total loans | 9 | - | - | - | 9 | $ | 1,640 | $ | 1,641 | |||||||||||||||||||||
For the nine months ended September 30, 2012 | ||||||||||||||||||||||||||||||
Pre-modification | Post-modification | |||||||||||||||||||||||||||||
Renewals | Reduced | Converted | Maturity | Total | outstanding | outstanding | ||||||||||||||||||||||||
deemed a | or deferred | to interest | date | number | recorded | recorded | ||||||||||||||||||||||||
concession | payments | only | extensions | of loans | investment | investment | ||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||
Owner occupied RE | - | - | - | - | - | $ | - | $ | - | |||||||||||||||||||||
Non-owner occupied RE | 1 | 1 | - | - | 2 | 3,918 | 3,918 | |||||||||||||||||||||||
Construction | - | - | - | - | - | - | - | |||||||||||||||||||||||
Business | 2 | - | 1 | - | 3 | 532 | 532 | |||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||||||||
Real estate | - | - | - | - | - | - | - | |||||||||||||||||||||||
Home equity | - | 1 | - | - | 1 | 166 | 166 | |||||||||||||||||||||||
Construction | - | - | - | - | - | - | - | |||||||||||||||||||||||
Other | - | - | - | - | - | - | - | |||||||||||||||||||||||
Total loans | 3 | 2 | 1 | - | 6 | $ | 4,616 | $ | 4,616 | |||||||||||||||||||||
The following table summarizes loans modified as TDRs within the previous 12 month period for which there was a payment default during the nine months ended September 30, 2013 and 2012, respectively. | ||||||||||||||||||||||||||||||
For the nine months ended September 30, | ||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | |||||||||||||||||||||||||||
(dollars in thousands) | Loans | Investment | Loans | Investment | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||
Owner occupied RE | - | $ - | 3 | $ 2,229 | ||||||||||||||||||||||||||
Non-owner occupied RE | - | - | - | - | ||||||||||||||||||||||||||
Construction | - | - | - | - | ||||||||||||||||||||||||||
Business | - | - | 2 | $ 112 | ||||||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||||||||
Real estate | 1 | $ 579 | - | - | ||||||||||||||||||||||||||
Home equity | - | - | - | - | ||||||||||||||||||||||||||
Construction | - | - | - | - | ||||||||||||||||||||||||||
Other | - | - | - | - | ||||||||||||||||||||||||||
Total loans | 1 | $ 579 | 5 | $ 2,341 | ||||||||||||||||||||||||||
Fair_Value_Accounting
Fair Value Accounting | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Fair Value Accounting [Abstract] | ' | |||||||||||||||||
Fair Value Accounting | ' | |||||||||||||||||
NOTE 6 - Fair Value Accounting | ||||||||||||||||||
FASB ASC 820, "Fair Value Measurement and Disclosures," defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. FASB ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: | ||||||||||||||||||
Level 1 - Quoted market price in active markets | ||||||||||||||||||
Quoted prices in active markets for identical assets or liabilities. Level 1 assets and liabilities include certain debt and equity securities that are traded in an active exchange market. | ||||||||||||||||||
Level 2 - Significant other observable inputs | ||||||||||||||||||
Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include fixed income securities and mortgage-backed securities that are held in the Company's available-for-sale portfolio and impaired loans. | ||||||||||||||||||
Level 3 - Significant unobservable inputs | ||||||||||||||||||
Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. These methodologies may result in a significant portion of the fair value being derived from unobservable data. | ||||||||||||||||||
Following is a description of valuation methodologies used for assets recorded at fair value. | ||||||||||||||||||
Investment Securities | ||||||||||||||||||
Securities available for sale are valued on a recurring basis at quoted market prices where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable securities. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange or U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include mortgage-backed securities and debentures issued by government sponsored entities, municipal bonds and corporate debt securities. In certain cases where there is limited activity or less transparency around inputs to valuations, securities are classified as Level 3 within the valuation hierarchy. Securities held to maturity are valued at quoted market prices or dealer quotes similar to securities available for sale. The carrying value of Other Investments, such as Federal Reserve Bank and Federal Home Loan Bank ("FHLB") stock, approximates fair value based on their redemption provisions. | ||||||||||||||||||
Loans | ||||||||||||||||||
The Company does not record loans at fair value on a recurring basis. However, from time to time, a loan may be considered impaired and an allowance for loan losses may be established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures the impairment in accordance with FASB ASC 310, "Receivables." The fair value of impaired loans is estimated using one of several methods, including collateral value, market value of similar debt, enterprise value, liquidation value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans. At September 30, 2013, substantially all of the impaired loans were evaluated based on the fair value of the collateral. In accordance with FASB ASC 820, "Fair Value Measurement and Disclosures," impaired loans where an allowance is established based on the fair value of collateral require classification in the fair value hierarchy. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company considers the impaired loan as nonrecurring Level 2. The Company's current loan and appraisal policies require the Bank to obtain updated appraisals on an "as is" basis at renewal, or in the case of an impaired loan, on an annual basis, either through a new external appraisal or an appraisal evaluation. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company considers the impaired loan as nonrecurring Level 3. The fair value of impaired loans may also be estimated using the present value of expected future cash flows to be realized on the loan, which is also considered a Level 3 valuation. These fair value estimates are subject to fluctuations in assumptions about the amount and timing of expected cash flows as well as the choice of discount rate used in the present value calculation. | ||||||||||||||||||
Other Real Estate Owned | ||||||||||||||||||
Other Real Estate Owned ("OREO"), consisting of properties obtained through foreclosure or in satisfaction of loans, is reported at the lower of cost or fair value, determined on the basis of current appraisals, comparable sales, and other estimates of value obtained principally from independent sources, adjusted for estimated selling costs (Level 2). At the time of foreclosure, any excess of the loan balance over the fair value of the real estate held as collateral is treated as a charge against the allowance for loan losses. Gains or losses on sale and generally any subsequent adjustments to the value are recorded as a component of real estate owned activity. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company considers the OREO as nonrecurring Level 3. | ||||||||||||||||||
Assets and Liabilities Recorded at Fair Value on a Recurring Basis | ||||||||||||||||||
The tables below present the recorded amount of assets measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012. | ||||||||||||||||||
30-Sep-13 | ||||||||||||||||||
(dollars in thousands) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | ||||||||||||||||||
Securities available for sale | ||||||||||||||||||
US Government agencies | $ | - | 8,005 | - | 8,005 | |||||||||||||
SBA securities | - | 5,453 | - | 5,453 | ||||||||||||||
State and political subdivisions | - | 23,763 | - | 23,763 | ||||||||||||||
Mortgage-backed securities | - | 32,949 | - | 32,949 | ||||||||||||||
Total assets measured at fair value on a recurring basis | $ | - | 70,170 | - | 70,170 | |||||||||||||
31-Dec-12 | ||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||||
Assets | ||||||||||||||||||
Securities available for sale | ||||||||||||||||||
US Government agencies | $ | - | 7,785 | - | 7,785 | |||||||||||||
SBA securities | - | 6,072 | - | 6,072 | ||||||||||||||
State and political subdivisions | - | 25,249 | - | 25,249 | ||||||||||||||
Mortgage-backed securities | - | 39,116 | - | 39,116 | ||||||||||||||
Total assets measured at fair value on a recurring basis | $ | - | 78,222 | - | 78,222 | |||||||||||||
The Company had no liabilities carried at fair value or measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012. | ||||||||||||||||||
Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis | ||||||||||||||||||
The Company is predominantly an asset based lender with real estate serving as collateral on more than 80% of loans as of September 30, 2013. Loans which are deemed to be impaired are valued net of the allowance for loan losses, and other real estate owned is valued at the lower of cost or net realizable value of the underlying | ||||||||||||||||||
real estate collateral. Such market values are generally obtained using independent appraisals, which the Company considers to be level 2 inputs. The tables below present the recorded amount of assets measured at fair value on a nonrecurring basis as of September 30, 2013 and December 31, 2012. | ||||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||
(dollars in thousands) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | ||||||||||||||||||
Impaired loans | $ | - | 9,143 | 2,178 | 11,321 | |||||||||||||
Other real estate owned | - | 1,561 | 18 | 1,579 | ||||||||||||||
Total assets measured at fair value on a nonrecurring basis | $ | - | 10,704 | 2,196 | 12,900 | |||||||||||||
As of December 31, 2012 | ||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||||
Assets | ||||||||||||||||||
Impaired loans | $ | - | 13,748 | 191 | 13,939 | |||||||||||||
Other real estate owned | - | 1,390 | 329 | 1,719 | ||||||||||||||
Total assets measured at fair value on a nonrecurring basis | $ | - | 15,138 | 520 | 15,658 | |||||||||||||
The Company had no liabilities carried at fair value or measured at fair value on a nonrecurring basis as of September 30, 2013 and December 31, 2012. | ||||||||||||||||||
For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of September 30, 2013, the significant unobservable inputs used in the fair value measurements were as follows: | ||||||||||||||||||
Valuation Technique | Significant Unobservable Inputs | |||||||||||||||||
Other investments | Carrying Value | None | ||||||||||||||||
Impaired loans | Appraised Value/ Discounted Cash | Appraisals and/or sales of comparable | ||||||||||||||||
Flows | properties | |||||||||||||||||
Other real estate owned | Appraised Value/ Comparable | Appraisals and/or sales of comparable | ||||||||||||||||
Sales | properties/ Independent quotes | |||||||||||||||||
Fair Value of Financial Instruments | ||||||||||||||||||
Financial instruments require disclosure of fair value information, whether or not recognized in the consolidated balance sheets, when it is practical to estimate the fair value. A financial instrument is defined as cash, evidence of an ownership interest in an entity or a contractual obligation which requires the exchange of cash. Certain items are specifically excluded from the disclosure requirements, including the Company's common stock, premises and equipment and other assets and liabilities. | ||||||||||||||||||
The following is a description of valuation methodologies used to estimate fair value for certain other financial instruments. | ||||||||||||||||||
Fair value approximates carrying value for the following financial instruments due to the short-term nature of the instrument: cash and due from banks, federal funds sold, federal funds purchased, and securities sold under agreement to repurchase. | ||||||||||||||||||
Bank Owned Life Insurance - The cash surrender value of bank owned life insurance policies held by the Bank approximates fair values of the policies. | ||||||||||||||||||
Deposits - Fair value for demand deposit accounts and interest-bearing accounts with no fixed maturity date is equal to the carrying value. The fair value of certificate of deposit accounts are estimated by discounting cash flows from expected maturities using current interest rates on similar instruments. | ||||||||||||||||||
FHLB Advances and Other Borrowings - Fair value for FHLB advances and other borrowings are estimated by discounting cash flows from expected maturities using current interest rates on similar instruments. | ||||||||||||||||||
Junior subordinated debentures - Fair value for junior subordinated debentures are estimated by discounting cash flows from expected maturities using current interest rates on similar instruments. | ||||||||||||||||||
The Company has used management's best estimate of fair value based on the above assumptions. Thus, the fair values presented may not be the amounts that could be realized in an immediate sale or settlement of the instrument. In addition, any income taxes or other expenses, which would be incurred in an actual sale or settlement, are not taken into consideration in the fair value presented. | ||||||||||||||||||
The estimated fair values of the Company's financial instruments at September 30, 2013 and December 31, 2012 are as follows: | ||||||||||||||||||
30-Sep-13 | ||||||||||||||||||
(dollars in thousands) | Carrying | Fair | Level 1 | Level 2 | Level 3 | |||||||||||||
Amount | Value | |||||||||||||||||
Financial Assets: | ||||||||||||||||||
Cash and cash equivalents | $ | 23,716 | 23,716 | 23,716 | - | - | ||||||||||||
Other investments, at cost | 7,466 | 7,466 | - | - | 7,466 | |||||||||||||
Loans, net | 708,033 | 715,592 | - | 9,143 | 706,449 | |||||||||||||
Bank owned life insurance | 21,223 | 21,223 | - | - | 21,223 | |||||||||||||
Financial Liabilities: | ||||||||||||||||||
Deposits | 607,052 | 575,239 | - | 575,239 | - | |||||||||||||
FHLB and other borrowings | 154,100 | 167,244 | - | 167,244 | - | |||||||||||||
Junior subordinated debentures | 13,403 | 5,115 | - | 5,115 | - | |||||||||||||
31-Dec-12 | ||||||||||||||||||
Carrying | Fair | Level 1 | Level 2 | Level 3 | ||||||||||||||
Amount | Value | |||||||||||||||||
Financial Assets: | ||||||||||||||||||
Cash and cash equivalents | $ | 29,413 | 29,413 | 29,413 | - | - | ||||||||||||
Other investments, at cost | 7,794 | 7,794 | - | - | 7,794 | |||||||||||||
Loans, net | 636,858 | 645,852 | - | 13,748 | 632,104 | |||||||||||||
Bank owned life insurance | 18,725 | 18,725 | - | - | 18,725 | |||||||||||||
Financial Liabilities: | ||||||||||||||||||
Deposits | 576,299 | 561,599 | - | 561,599 | - | |||||||||||||
FHLB and other borrowings | 124,100 | 140,455 | - | 140,455 | - | |||||||||||||
Junior subordinated debentures | 13,403 | 5,093 | - | 5,093 | - | |||||||||||||
Earnings_Per_Common_Share_and_
Earnings Per Common Share and Stock Dividend | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Earnings Per Common Share and Stock Dividend [Abstract] | ' | |||||||||||||||||
Earnings Per Common Share and Stock Dividend | ' | |||||||||||||||||
NOTE 7 - Earnings Per Common Share and Stock Dividend | ||||||||||||||||||
On January 15, 2013, the Company's Board of Directors approved a 10% stock dividend to the Company's shareholders. The record date for shareholders entitled to receive the stock dividend was February 1, 2013 and the distribution date was February 15, 2013. Certain amounts in our Consolidated Balance Sheets, including common shares outstanding, have been adjusted for the prior period to reflect the stock dividend. In addition, earnings per share and average shares outstanding in our Consolidated Statements of Income have been adjusted for the prior period to reflect the stock dividend. | ||||||||||||||||||
The following schedule reconciles the numerators and denominators of the basic and diluted earnings per share computations for the three and nine month periods ended September 30, 2013 and 2012. Dilutive common shares arise from the potentially dilutive effect of the Company's stock options that were outstanding at September 30, 2013. The assumed conversion of stock options can create a difference between basic and dilutive net income per common share. At September 30, 2013 and 2012, 24,624 and 80,302 options, respectively, were anti-dilutive in the calculation of earnings per share as their exercise price exceeded the fair market value. | ||||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||
(dollars in thousands, except share data) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||
Numerator: | ||||||||||||||||||
Net income | $ | 1,419 | $ | 1,226 | $ | 3,681 | $ | 2,729 | ||||||||||
Less: | Preferred stock dividend | 191 | 204 | 580 | 636 | |||||||||||||
Discount accretion | - | 180 | - | 360 | ||||||||||||||
Add: | Redemption of preferred stock | - | - | 20 | 96 | |||||||||||||
Net income available to common shareholders | $ | 1,228 | $ | 842 | $ | 3,121 | $ | 1,829 | ||||||||||
Denominator: | ||||||||||||||||||
Weighted-average common shares outstanding - basic | 4,271,652 | 4,229,819 | 4,267,693 | 4,226,145 | ||||||||||||||
Common stock equivalents | 218,374 | 120,152 | 160,471 | 125,423 | ||||||||||||||
Weighted-average common shares outstanding - diluted | 4,490,026 | 4,349,971 | 4,428,164 | 4,351,568 | ||||||||||||||
Earnings per common share: | ||||||||||||||||||
Basic | $ | 0.29 | $ | 0.2 | $ | 0.73 | $ | 0.43 | ||||||||||
Diluted | $ | 0.27 | $ | 0.19 | $ | 0.71 | $ | 0.42 | ||||||||||
Nature_of_Business_and_Basis_o1
Nature of Business and Basis of Presentation (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Nature of Business and Basis of Presentation [Abstract] | ' |
Business Activity | ' |
Business Activity | |
Southern First Bancshares, Inc. (the "Company") is a South Carolina corporation that owns all of the capital stock of Southern First Bank (the "Bank") and all of the stock of Greenville First Statutory Trust I and II (collectively, the "Trusts"). The Trusts are special purpose non-consolidated entities organized for the sole purpose of issuing trust preferred securities. The Bank's primary federal regulator is the Federal Deposit Insurance Corporation (the "FDIC"). The Bank is also regulated and examined by the South Carolina Board of Financial Institutions. The Bank is primarily engaged in the business of accepting demand deposits and savings deposits insured by the FDIC, and providing commercial, consumer and mortgage loans to the general public. | |
Basis of Presentation | ' |
Basis of Presentation | |
The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and nine month periods ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2012, as filed with the Securities and Exchange Commission (the "SEC") on March 5, 2013 (File No. 000-27719). The consolidated financial statements include the accounts of the Company and the Bank. In accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 810, "Consolidation," the financial statements related to the Trusts have not been consolidated. | |
Use of Estimates | ' |
Use of Estimates | |
The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amount of income and expenses during the reporting periods. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, other real estate owned, fair value of financial instruments, evaluating other-than-temporary-impairment of investment securities and valuation of deferred tax assets. | |
Reclassifications | ' |
Reclassifications | |
Certain amounts, previously reported, have been reclassified to state all periods on a comparable basis and had no effect on shareholders' equity or net income. | |
Subsequent Events | ' |
Subsequent Events | |
Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date. Management performed an evaluation to determine whether there have been any subsequent events since the balance sheet date and determined that no subsequent events occurred requiring accrual or disclosure. | |
Recently Adopted Accounting Pronouncements | ' |
Recently Adopted Accounting Pronouncements | |
The following is a summary of recently adopted authoritative pronouncements that have impacted the accounting, reporting, and/or disclosure of financial information by the Company. | |
The Comprehensive Income topic of the ASC was amended in June 2011. The amendment eliminated the option to present other comprehensive income as a part of the statement of changes in stockholders' equity and required consecutive presentation of the statement of net income and other comprehensive income. The amendments were applicable to the Company January 1, 2012 and have been applied retrospectively. In December 2011, the topic was further amended to defer the effective date of presenting reclassification adjustments from other comprehensive income to net income on the face of the financial statements while the FASB redeliberated the presentation requirements for the reclassification adjustments. In February 2013, the FASB further amended the Comprehensive Income topic clarifying the conclusions from such redeliberations. Specifically, the amendments do not change the current requirements for reporting net income or other comprehensive income in financial statements. However, the amendments do require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, in certain circumstances 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. The amendments were effective for the Company on a prospective basis for reporting periods beginning after December 15, 2012. These amendments did not have a material effect on the Company's financial statements. | |
Investment_Securities_Tables
Investment Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized costs and fair value of investment securities | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Gross Unrealized | Fair | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | Cost | Gains | Losses | Value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | $ | 8,755 | - | 750 | 8,005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | 5,904 | - | 451 | 5,453 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 23,868 | 396 | 501 | 23,763 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | 32,839 | 384 | 274 | 32,949 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total investment securities available for sale | $ | 71,366 | 780 | 1,976 | 70,170 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Gross Unrealized | Fair | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | $ | 7,781 | 14 | 10 | 7,785 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | 6,060 | 17 | 5 | 6,072 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 24,167 | 1,130 | 48 | 25,249 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | 38,428 | 702 | 14 | 39,116 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total investment securities available for sale | $ | 76,436 | 1,863 | 77 | 78,222 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of contractual maturities and yields | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less than one year | One to five years | Five to ten years | Over ten years | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | Amount | Yield | Amount | Yield | Amount | Yield | Amount | Yield | Amount | Yield | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | $ | - | - | - | - | 971 | 2.13 | % | 7,034 | 2.43 | % | 8,005 | 2.4 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | - | - | - | - | - | - | 5,453 | 1.87 | % | 5,453 | 1.87 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 777 | 1.02 | % | 3,071 | 0.63 | % | 5,566 | 3.18 | % | 14,349 | 2.94 | % | 23,763 | 2.63 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | - | - | - | - | 2,225 | 1.78 | % | 30,724 | 2.28 | % | 32,949 | 2.24 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 777 | 1.02 | % | 3,071 | 0.63 | % | 8,762 | 2.7 | % | 57,560 | 2.42 | % | 70,170 | 2.36 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less than one year | One to five years | Five to ten years | Over ten years | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount | Yield | Amount | Yield | Amount | Yield | Amount | Yield | Amount | Yield | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | $ | - | - | - | - | - | - | 7,785 | 2.42 | % | 7,785 | 2.42 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | - | - | - | - | - | - | 6,072 | 1.89 | % | 6,072 | 1.89 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 421 | 1.43 | % | 3,671 | 0.6 | % | 5,031 | 3.11 | % | 16,126 | 2.96 | % | 25,249 | 2.6 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | - | - | - | - | - | - | 39,116 | 2.29 | % | 39,116 | 2.29 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 421 | 1.43 | % | 3,671 | 0.6 | % | 5,031 | 3.11 | % | 69,099 | 2.42 | % | 78,222 | 2.37 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | # | Fair | Unrealized | # | Fair | Unrealized | # | Fair | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value | losses | value | losses | value | losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | 3 | $ | 8,005 | $ | 750 | - | $ | - | $ | - | 3 | $ | 8,005 | $ | 750 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | 2 | 5,453 | 451 | - | - | - | 2 | 5,453 | 451 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 27 | 11,112 | 501 | - | - | - | 27 | 11,112 | 501 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | 7 | 13,478 | 274 | - | - | - | 7 | 13,478 | 274 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 39 | $ | 38,048 | $ | 1,976 | - | $ | - | $ | - | 39 | $ | 38,048 | $ | 1,976 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
# | Fair | Unrealized | # | Fair | Unrealized | # | Fair | Unrealized | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value | losses | value | losses | value | losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | 1 | $ | 3,771 | $ | 10 | - | $ | - | $ | - | 1 | $ | 3,771 | $ | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | 1 | 2,015 | 5 | - | - | - | 1 | 2,015 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 16 | 6,608 | 48 | - | - | - | 16 | 6,608 | 48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | 2 | 3,669 | 14 | - | - | - | 2 | 3,669 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 20 | $ | 16,063 | $ | 77 | - | $ | - | $ | - | 20 | $ | 16,063 | $ | 77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of gross unrealized losses on investment securities and fair market value of related securities | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | # | Fair | Unrealized | # | Fair | Unrealized | # | Fair | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value | losses | value | losses | value | losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | 3 | $ | 8,005 | $ | 750 | - | $ | - | $ | - | 3 | $ | 8,005 | $ | 750 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | 2 | 5,453 | 451 | - | - | - | 2 | 5,453 | 451 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 27 | 11,112 | 501 | - | - | - | 27 | 11,112 | 501 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | 7 | 13,478 | 274 | - | - | - | 7 | 13,478 | 274 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 39 | $ | 38,048 | $ | 1,976 | - | $ | - | $ | - | 39 | $ | 38,048 | $ | 1,976 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
# | Fair | Unrealized | # | Fair | Unrealized | # | Fair | Unrealized | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value | losses | value | losses | value | losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
US Government agencies | 1 | $ | 3,771 | $ | 10 | - | $ | - | $ | - | 1 | $ | 3,771 | $ | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
SBA securities | 1 | 2,015 | 5 | - | - | - | 1 | 2,015 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | 16 | 6,608 | 48 | - | - | - | 16 | 6,608 | 48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities | 2 | 3,669 | 14 | - | - | - | 2 | 3,669 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 20 | $ | 16,063 | $ | 77 | - | $ | - | $ | - | 20 | $ | 16,063 | $ | 77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of other investments | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | 30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal Reserve Bank stock | $ | - | 1,485 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal Home Loan Bank stock | 6,964 | 5,807 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Certificates of deposit with other banks | 99 | 99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment in Trust Preferred securities | 403 | 403 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total other investments | $ | 7,466 | 7,794 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans_and_Allowance_for_Loan_L1
Loans and Allowance for Loan Losses (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ||||||||||||||||||||||||
Composition of loan portfolio | ' | ||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||
(dollars in thousands) | Amount | % of Total | Amount | % of Total | |||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Owner occupied RE | $ | 180,243 | 25.5 | % | 158,790 | 24.6 | % | ||||||||||||||||||
Non-owner occupied RE | 167,039 | 23.6 | % | 165,163 | 25.6 | % | |||||||||||||||||||
Construction | 26,478 | 3.7 | % | 20,347 | 3.1 | % | |||||||||||||||||||
Business | 115,981 | 16.4 | % | 114,169 | 17.7 | % | |||||||||||||||||||
Total commercial loans | 489,741 | 69.2 | % | 458,469 | 71 | % | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Real estate | 109,370 | 15.4 | % | 86,559 | 13.4 | % | |||||||||||||||||||
Home equity | 80,304 | 11.3 | % | 77,895 | 12.1 | % | |||||||||||||||||||
Construction | 18,123 | 2.6 | % | 13,749 | 2.1 | % | |||||||||||||||||||
Other | 10,495 | 1.5 | % | 9,277 | 1.4 | % | |||||||||||||||||||
Total consumer loans | 218,292 | 30.8 | % | 187,480 | 29 | % | |||||||||||||||||||
Total gross loans, net of deferred fees | 708,033 | 100 | % | 645,949 | 100 | % | |||||||||||||||||||
Less—allowance for loan losses | (9,816 | ) | (9,091 | ) | |||||||||||||||||||||
Total loans, net | $ | 698,217 | 636,858 | ||||||||||||||||||||||
Loan maturity distribution by type and related interest rate | ' | ||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
(dollars in thousands) | One year | After one | After five | Total | |||||||||||||||||||||
or less | but within | years | |||||||||||||||||||||||
five years | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Owner occupied RE | $ | 24,338 | 95,628 | 60,277 | 180,243 | ||||||||||||||||||||
Non-owner occupied RE | 46,978 | 94,266 | 25,795 | 167,039 | |||||||||||||||||||||
Construction | 8,478 | 13,654 | 4,346 | 26,478 | |||||||||||||||||||||
Business | 59,989 | 49,043 | 6,949 | 115,981 | |||||||||||||||||||||
Total commercial loans | 139,783 | 252,591 | 97,367 | 489,741 | |||||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Real estate | 18,775 | 33,955 | 56,640 | 109,370 | |||||||||||||||||||||
Home equity | 4,771 | 26,750 | 48,783 | 80,304 | |||||||||||||||||||||
Construction | 11,223 | 30 | 6,870 | 18,123 | |||||||||||||||||||||
Other | 4,586 | 4,611 | 1,298 | 10,495 | |||||||||||||||||||||
Total consumer loans | 39,355 | 65,346 | 113,591 | 218,292 | |||||||||||||||||||||
Total gross loans, net of deferred fees | $ | 179,138 | 317,937 | 210,958 | 708,033 | ||||||||||||||||||||
Loans maturing after one year with: | |||||||||||||||||||||||||
Fixed interest rates | $ | 356,720 | |||||||||||||||||||||||
Floating interest rates | 172,175 | ||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
One year | After one | After five | Total | ||||||||||||||||||||||
or less | but within | years | |||||||||||||||||||||||
five years | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Owner occupied RE | $ | 23,833 | 92,681 | 42,276 | 158,790 | ||||||||||||||||||||
Non-owner occupied RE | 47,252 | 98,514 | 19,397 | 165,163 | |||||||||||||||||||||
Construction | 9,206 | 4,387 | 6,754 | 20,347 | |||||||||||||||||||||
Business | 57,947 | 50,084 | 6,138 | 114,169 | |||||||||||||||||||||
Total commercial loans | 138,238 | 245,666 | 74,565 | 458,469 | |||||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Real estate | 12,907 | 27,702 | 45,950 | 86,559 | |||||||||||||||||||||
Home equity | 7,083 | 17,832 | 52,980 | 77,895 | |||||||||||||||||||||
Construction | 6,032 | 1,530 | 6,187 | 13,749 | |||||||||||||||||||||
Other | 5,475 | 2,826 | 976 | 9,277 | |||||||||||||||||||||
Total consumer | 31,497 | 49,890 | 106,093 | 187,480 | |||||||||||||||||||||
Total gross loan, net of deferred fees | $ | 169,735 | 295,556 | 180,658 | 645,949 | ||||||||||||||||||||
Loans maturing after one year with: | |||||||||||||||||||||||||
Fixed interest rates | $ | 314,396 | |||||||||||||||||||||||
Floating interest rates | 161,818 | ||||||||||||||||||||||||
Summary of nonperforming assets, including nonaccruing TDRs | ' | ||||||||||||||||||||||||
(dollars in thousands) | 30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||
Owner occupied RE | $ | 276 | 155 | ||||||||||||||||||||||
Non-owner occupied RE | 424 | 1,255 | |||||||||||||||||||||||
Construction | 938 | 1,006 | |||||||||||||||||||||||
Business | 859 | 202 | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||
Real estate | 188 | 119 | |||||||||||||||||||||||
Home equity | 274 | 577 | |||||||||||||||||||||||
Construction | - | - | |||||||||||||||||||||||
Other | 4 | 44 | |||||||||||||||||||||||
Nonaccruing troubled debt restructurings | 5,533 | 4,809 | |||||||||||||||||||||||
Total nonaccrual loans, including nonaccruing TDRs | 8,496 | 8,167 | |||||||||||||||||||||||
Other real estate owned | 1,579 | 1,719 | |||||||||||||||||||||||
Total nonperforming assets | $ | 10,075 | 9,886 | ||||||||||||||||||||||
Nonperforming assets as a percentage of: | |||||||||||||||||||||||||
Total assets | 1.19 | % | 1.24 | % | |||||||||||||||||||||
Gross loans | 1.42 | % | 1.53 | % | |||||||||||||||||||||
Total loans over 90 days past due | $ | 3,299 | 5,027 | ||||||||||||||||||||||
Loans over 90 days past due and still accruing | - | - | |||||||||||||||||||||||
Accruing troubled debt restructurings | 6,953 | 9,421 | |||||||||||||||||||||||
Summary of key information for impaired loans | ' | ||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Recorded investment | |||||||||||||||||||||||||
Impaired loans | |||||||||||||||||||||||||
Unpaid | with related | Related | |||||||||||||||||||||||
Principal | Impaired | allowance for | allowance for | ||||||||||||||||||||||
(dollars in thousands) | Balance | loans | loan losses | loan losses | |||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Owner occupied RE | $ | 1,012 | 1,012 | 736 | 178 | ||||||||||||||||||||
Non-owner occupied RE | 5,725 | 5,390 | 4,701 | 924 | |||||||||||||||||||||
Construction | 5,086 | 2,344 | 2,300 | 738 | |||||||||||||||||||||
Business | 6,136 | 4,925 | 3,541 | 1,812 | |||||||||||||||||||||
Total commercial | 17,959 | 13,671 | 11,278 | 3,652 | |||||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Real estate | 1,109 | 1,086 | 614 | 186 | |||||||||||||||||||||
Home equity | 464 | 464 | 337 | 285 | |||||||||||||||||||||
Construction | - | - | - | - | |||||||||||||||||||||
Other | 228 | 228 | 8 | 5 | |||||||||||||||||||||
Total consumer | 1,801 | 1,778 | 959 | 476 | |||||||||||||||||||||
Total | $ | 19,760 | 15,449 | 12,237 | 4,128 | ||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Recorded investment | |||||||||||||||||||||||||
Impaired loans | |||||||||||||||||||||||||
Unpaid | with related | Related | |||||||||||||||||||||||
Principal | Impaired | allowance for | allowance for | ||||||||||||||||||||||
Balance | loans | loan losses | loan losses | ||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Owner occupied RE | $ | 3,071 | 2,271 | 2,116 | 398 | ||||||||||||||||||||
Non-owner occupied RE | 7,497 | 7,162 | 2,218 | 831 | |||||||||||||||||||||
Construction | 4,824 | 2,082 | 1,075 | 213 | |||||||||||||||||||||
Business | 4,048 | 4,048 | 3,329 | 2,092 | |||||||||||||||||||||
Total commercial | 19,440 | 15,563 | 8,738 | 3,534 | |||||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Real estate | 985 | 985 | 162 | 24 | |||||||||||||||||||||
Home equity | 770 | 770 | 605 | 91 | |||||||||||||||||||||
Construction | - | - | - | - | |||||||||||||||||||||
Other | 270 | 270 | - | - | |||||||||||||||||||||
Total consumer | 2,025 | 2,025 | 767 | 115 | |||||||||||||||||||||
Total | $ | 21,465 | 17,588 | 9,505 | 3,649 | ||||||||||||||||||||
Average recorded investment and interest income recognized on impaired loans | ' | ||||||||||||||||||||||||
Three months ended | Three months ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
(dollars in thousands) | Average | Recognized | Average | Recognized | |||||||||||||||||||||
recorded | interest | recorded | interest | ||||||||||||||||||||||
investment | income | investment | income | ||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Owner occupied RE | $ | 1,140 | 2 | 3,656 | - | ||||||||||||||||||||
Non-owner occupied RE | 5,487 | 61 | 7,196 | 93 | |||||||||||||||||||||
Construction | 2,118 | 19 | 2,080 | 10 | |||||||||||||||||||||
Business | 4,792 | 51 | 3,491 | 17 | |||||||||||||||||||||
Total commercial | 13,537 | 133 | 16,423 | 120 | |||||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Real estate | 1,078 | 9 | 1,417 | 11 | |||||||||||||||||||||
Home equity | 573 | 1 | 570 | 2 | |||||||||||||||||||||
Construction | - | - | - | - | |||||||||||||||||||||
Other | 225 | 2 | 232 | 2 | |||||||||||||||||||||
Total consumer | 1,876 | 12 | 2,219 | 15 | |||||||||||||||||||||
Total | $ | 15,413 | 145 | 18,642 | 135 | ||||||||||||||||||||
Nine months ended | Nine months ended | Year ended | |||||||||||||||||||||||
September 30, | September 30, | December 31, | |||||||||||||||||||||||
2013 | 2012 | 2012 | |||||||||||||||||||||||
(dollars in thousands) | Average recorded investment | Recognized interest income | Average recorded investment | Recognized interest income | Average recorded investment | Recognized interest income | |||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Owner occupied RE | $ | 1,416 | 4 | 4,283 | 72 | 3,881 | 17 | ||||||||||||||||||
Non-owner occupied RE | 5,996 | 206 | 5,474 | 272 | 5,811 | 392 | |||||||||||||||||||
Construction | 2,100 | 45 | 2,138 | 50 | 2,127 | 66 | |||||||||||||||||||
Business | 4,480 | 150 | 3,838 | 33 | 3,880 | 84 | |||||||||||||||||||
Total commercial | 13,992 | 405 | 15,733 | 427 | 15,699 | 559 | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Real estate | 1,031 | 53 | 1,500 | 32 | 1,397 | 44 | |||||||||||||||||||
Home equity | 671 | 6 | 455 | 7 | 518 | 12 | |||||||||||||||||||
Construction | - | - | - | - | - | - | |||||||||||||||||||
Other | 236 | 7 | 233 | 9 | 240 | 14 | |||||||||||||||||||
Total consumer | 1,938 | 66 | 2,188 | 48 | 2,155 | 70 | |||||||||||||||||||
Total | $ | 15,930 | 471 | 17,921 | 475 | 17,854 | 629 | ||||||||||||||||||
Summary of activity related to allowance for loan losses | ' | ||||||||||||||||||||||||
Nine months ended September 30, | |||||||||||||||||||||||||
(dollars in thousands) | 2013 | 2012 | |||||||||||||||||||||||
Balance, beginning of period | $ | 9,091 | 8,925 | ||||||||||||||||||||||
Provision for loan losses | 2,650 | 3,600 | |||||||||||||||||||||||
Loan charge-offs: | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Owner occupied RE | (386 | ) | (1,378 | ) | |||||||||||||||||||||
Non-owner occupied RE | (247 | ) | (384 | ) | |||||||||||||||||||||
Construction | - | - | |||||||||||||||||||||||
Business | (1,295 | ) | (1,117 | ) | |||||||||||||||||||||
Total commercial | (1,928 | ) | (2,879 | ) | |||||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Real estate | (22 | ) | (214 | ) | |||||||||||||||||||||
Home equity | (38 | ) | (198 | ) | |||||||||||||||||||||
Construction | - | - | |||||||||||||||||||||||
Other | (46 | ) | - | ||||||||||||||||||||||
Total consumer | (106 | ) | (412 | ) | |||||||||||||||||||||
Total loan charge-offs | (2,034 | ) | (3,291 | ) | |||||||||||||||||||||
Loan recoveries: | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Owner occupied RE | 2 | 4 | |||||||||||||||||||||||
Non-owner occupied RE | 1 | - | |||||||||||||||||||||||
Construction | - | 9 | |||||||||||||||||||||||
Business | 99 | - | |||||||||||||||||||||||
Total commercial | 102 | 13 | |||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Real estate | - | - | |||||||||||||||||||||||
Home equity | 7 | 1 | |||||||||||||||||||||||
Construction | - | - | |||||||||||||||||||||||
Other | - | 6 | |||||||||||||||||||||||
Total consumer | 7 | 7 | |||||||||||||||||||||||
Total recoveries | 109 | 20 | |||||||||||||||||||||||
Net loan charge-offs | (1,925 | ) | (3,271 | ) | |||||||||||||||||||||
Balance, end of period | $ | 9,816 | 9,254 | ||||||||||||||||||||||
Net charge-offs to average loans (annualized) | 0.38 | % | 0.71 | % | |||||||||||||||||||||
Allowance for loan losses to gross loans | 1.39 | % | 1.45 | % | |||||||||||||||||||||
Allowance for loan losses to nonperforming loans | 115.54 | % | 100.49 | % | |||||||||||||||||||||
Summary of allowance for loan losses by commercial and consumer portfolio segments | ' | ||||||||||||||||||||||||
Nine months September 30, 2013 | |||||||||||||||||||||||||
(dollars in thousands) | Commercial | Consumer | Total | ||||||||||||||||||||||
Balance, beginning of period | $ | 7,981 | 1,110 | 9,091 | |||||||||||||||||||||
Provision | 2,132 | 518 | 2,650 | ||||||||||||||||||||||
Loan charge-offs | (1,928 | ) | (106 | ) | (2,034 | ) | |||||||||||||||||||
Loan recoveries | 102 | 7 | 109 | ||||||||||||||||||||||
Net loan charge-offs | (1,826 | ) | (99 | ) | (1,925 | ) | |||||||||||||||||||
Balance, end of period | $ | 8,287 | 1,529 | 9,816 | |||||||||||||||||||||
Year ended December 31, 2012 | |||||||||||||||||||||||||
Commercial | Consumer | Total | |||||||||||||||||||||||
Balance, beginning of period | $ | 8,061 | 864 | 8,925 | |||||||||||||||||||||
Provision | 3,447 | 1,103 | 4,550 | ||||||||||||||||||||||
Loan charge-offs | (3,600 | ) | (905 | ) | (4,505 | ) | |||||||||||||||||||
Loan recoveries | 73 | 48 | 121 | ||||||||||||||||||||||
Net loan charge-offs | (3,527 | ) | (857 | ) | (4,384 | ) | |||||||||||||||||||
Balance, end of period | $ | 7,981 | 1,110 | 9,091 | |||||||||||||||||||||
Allowance for loan losses and recorded investment in loans by impairment methodology | ' | ||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Allowance for loan losses | Recorded investment in loans | ||||||||||||||||||||||||
(dollars in thousands) | Commercial | Consumer | Total | Commercial | Consumer | Total | |||||||||||||||||||
Individually evaluated | $ | 3,652 | 476 | 4,128 | 13,671 | 1,778 | 15,449 | ||||||||||||||||||
Collectively evaluated | 4,635 | 1,053 | 5,688 | 476,070 | 216,514 | 692,584 | |||||||||||||||||||
Total | $ | 8,287 | 1,529 | 9,816 | 489,741 | 218,292 | 708,033 | ||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Allowance for loan losses | Recorded investment in loans | ||||||||||||||||||||||||
Commercial | Consumer | Total | Commercial | Consumer | Total | ||||||||||||||||||||
Individually evaluated | $ | 3,534 | - | 3,534 | 15,563 | - | 15,563 | ||||||||||||||||||
Collectively evaluated | 4,447 | 1,110 | 5,557 | 442,906 | 187,480 | 630,386 | |||||||||||||||||||
Total | $ | 7,981 | 1,110 | 9,091 | 458,469 | 187,480 | 645,949 | ||||||||||||||||||
Commercial [Member] | ' | ||||||||||||||||||||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ||||||||||||||||||||||||
Summary of breakdown of outstanding loans by risk category | ' | ||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
(dollars in thousands) | Owner | Non-owner occupied RE | Construction | Business | Total | ||||||||||||||||||||
occupied RE | |||||||||||||||||||||||||
Pass | $ | 169,888 | 145,399 | 24,134 | 106,312 | 445,733 | |||||||||||||||||||
Special mention | 8,663 | 8,257 | - | 4,010 | 20,930 | ||||||||||||||||||||
Substandard | 1,692 | 13,383 | 2,344 | 5,659 | 23,078 | ||||||||||||||||||||
Doubtful | - | - | - | - | - | ||||||||||||||||||||
Loss | - | - | - | - | - | ||||||||||||||||||||
$ | 180,243 | 167,039 | 26,478 | 115,981 | 489,741 | ||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Owner | Non-owner occupied RE | Construction | Business | Total | |||||||||||||||||||||
occupied RE | |||||||||||||||||||||||||
Pass | $ | 148,255 | 141,352 | 18,265 | 105,024 | 412,896 | |||||||||||||||||||
Special mention | 7,446 | 9,358 | - | 2,750 | 19,554 | ||||||||||||||||||||
Substandard | 3,089 | 14,453 | 2,082 | 6,395 | 26,019 | ||||||||||||||||||||
Doubtful | - | - | - | - | - | ||||||||||||||||||||
Loss | - | - | - | - | - | ||||||||||||||||||||
$ | 158,790 | 165,163 | 20,347 | 114,169 | 458,469 | ||||||||||||||||||||
Outstanding loans which include loans on nonaccrual by past due status | ' | ||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
(dollars in thousands) | Owner occupied RE | Non-owner occupied RE | Construction | Business | Total | ||||||||||||||||||||
Current | $ | 179,513 | 165,418 | 25,540 | 114,544 | 485,015 | |||||||||||||||||||
30-59 days past due | - | 249 | - | 426 | 675 | ||||||||||||||||||||
60-89 days past due | - | 912 | - | 22 | 934 | ||||||||||||||||||||
Greater than 90 Days | 730 | 460 | 938 | 989 | 3,117 | ||||||||||||||||||||
$ | 180,243 | 167,039 | 26,478 | 115,981 | 489,741 | ||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Owner | Non-owner occupied RE | Construction | Business | Total | |||||||||||||||||||||
occupied RE | |||||||||||||||||||||||||
Current | $ | 157,036 | 163,700 | 19,341 | 112,322 | 452,399 | |||||||||||||||||||
30-59 days past due | 306 | - | - | 539 | 845 | ||||||||||||||||||||
60-89 days past due | - | 463 | - | 100 | 563 | ||||||||||||||||||||
Greater than 90 Days | 1,448 | 1,000 | 1,006 | 1,208 | 4,662 | ||||||||||||||||||||
$ | 158,790 | 165,163 | 20,347 | 114,169 | 458,469 | ||||||||||||||||||||
Consumer [Member] | ' | ||||||||||||||||||||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ||||||||||||||||||||||||
Summary of breakdown of outstanding loans by risk category | ' | ||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
(dollars in thousands) | Real estate | Home equity | Construction | Other | Total | ||||||||||||||||||||
Pass | $ | 105,809 | 77,032 | 18,123 | 10,005 | 210,969 | |||||||||||||||||||
Special mention | 1,838 | 2,176 | - | 378 | 4,392 | ||||||||||||||||||||
Substandard | 1,723 | 1,096 | - | 112 | 2,931 | ||||||||||||||||||||
Doubtful | - | - | - | - | - | ||||||||||||||||||||
Loss | - | - | - | - | - | ||||||||||||||||||||
$ | 109,370 | 80,304 | 18,123 | 10,495 | 218,292 | ||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Real estate | Home equity | Construction | Other | Total | |||||||||||||||||||||
Pass | $ | 83,173 | 73,718 | 13,749 | 8,752 | 179,392 | |||||||||||||||||||
Special mention | 2,307 | 2,290 | - | 170 | 4,767 | ||||||||||||||||||||
Substandard | 1,079 | 1,887 | - | 355 | 3,321 | ||||||||||||||||||||
Doubtful | - | - | - | - | - | ||||||||||||||||||||
Loss | - | - | - | - | - | ||||||||||||||||||||
$ | 86,559 | 77,895 | 13,749 | 9,277 | 187,480 | ||||||||||||||||||||
Outstanding loans which include loans on nonaccrual by past due status | ' | ||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
(dollars in thousands) | Real estate | Home equity | Construction | Other | Total | ||||||||||||||||||||
Current | $ | 108,397 | 80,107 | 18,123 | 10,487 | 217,114 | |||||||||||||||||||
30-59 days past due | 359 | 50 | - | 8 | 417 | ||||||||||||||||||||
60-89 days past due | 579 | - | - | - | 579 | ||||||||||||||||||||
Greater than 90 Days | 35 | 147 | - | - | 182 | ||||||||||||||||||||
$ | 109,370 | 80,304 | 18,123 | 10,495 | 218,292 | ||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Real estate | Home equity | Construction | Other | Total | |||||||||||||||||||||
Current | $ | 85,999 | 77,430 | 13,749 | 9,233 | 186,411 | |||||||||||||||||||
30-59 days past due | 560 | 100 | - | - | 660 | ||||||||||||||||||||
60-89 days past due | - | - | - | 44 | 44 | ||||||||||||||||||||
Greater than 90 Days | - | 365 | - | - | 365 | ||||||||||||||||||||
$ | 86,559 | 77,895 | 13,749 | 9,277 | 187,480 | ||||||||||||||||||||
Troubled_Debt_Restructurings_T
Troubled Debt Restructurings (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||||
Troubled Debt Restructurings [Abstract] | ' | |||||||||||||||||||||||||||||
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification | ' | |||||||||||||||||||||||||||||
For the nine months ended September 30, 2013 | ||||||||||||||||||||||||||||||
Pre-modification | Post-modification | |||||||||||||||||||||||||||||
Renewals | Reduced | Converted | Maturity | Total | outstanding | outstanding | ||||||||||||||||||||||||
deemed a | or deferred | to interest | date | number | recorded | recorded | ||||||||||||||||||||||||
(dollars in thousands) | concession | payments | only | extensions | of loans | investment | investment | |||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||
Owner occupied RE | - | - | - | - | - | $ | - | $ | - | |||||||||||||||||||||
Non-owner occupied RE | - | - | - | - | - | - | - | |||||||||||||||||||||||
Construction | - | - | - | - | - | - | - | |||||||||||||||||||||||
Business | 8 | - | - | - | 8 | 1,636 | 1,637 | |||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||||||||
Real estate | - | - | - | - | - | - | - | |||||||||||||||||||||||
Home equity | - | - | - | - | - | - | - | |||||||||||||||||||||||
Construction | - | - | - | - | - | - | - | |||||||||||||||||||||||
Other | 1 | - | - | - | 1 | 4 | 4 | |||||||||||||||||||||||
Total loans | 9 | - | - | - | 9 | $ | 1,640 | $ | 1,641 | |||||||||||||||||||||
For the nine months ended September 30, 2012 | ||||||||||||||||||||||||||||||
Pre-modification | Post-modification | |||||||||||||||||||||||||||||
Renewals | Reduced | Converted | Maturity | Total | outstanding | outstanding | ||||||||||||||||||||||||
deemed a | or deferred | to interest | date | number | recorded | recorded | ||||||||||||||||||||||||
concession | payments | only | extensions | of loans | investment | investment | ||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||
Owner occupied RE | - | - | - | - | - | $ | - | $ | - | |||||||||||||||||||||
Non-owner occupied RE | 1 | 1 | - | - | 2 | 3,918 | 3,918 | |||||||||||||||||||||||
Construction | - | - | - | - | - | - | - | |||||||||||||||||||||||
Business | 2 | - | 1 | - | 3 | 532 | 532 | |||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||||||||
Real estate | - | - | - | - | - | - | - | |||||||||||||||||||||||
Home equity | - | 1 | - | - | 1 | 166 | 166 | |||||||||||||||||||||||
Construction | - | - | - | - | - | - | - | |||||||||||||||||||||||
Other | - | - | - | - | - | - | - | |||||||||||||||||||||||
Total loans | 3 | 2 | 1 | - | 6 | $ | 4,616 | $ | 4,616 | |||||||||||||||||||||
Summary of loans modified as TDRs within the previous 12-month period | ' | |||||||||||||||||||||||||||||
For the nine months ended September 30, | ||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | |||||||||||||||||||||||||||
(dollars in thousands) | Loans | Investment | Loans | Investment | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||
Owner occupied RE | - | $ | - | 3 | $ | 2,229 | ||||||||||||||||||||||||
Non-owner occupied RE | - | - | - | - | ||||||||||||||||||||||||||
Construction | - | - | - | - | ||||||||||||||||||||||||||
Business | - | - | 2 | $ | 112 | |||||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||||||||
Real estate | 1 | $ | 579 | - | - | |||||||||||||||||||||||||
Home equity | - | - | - | - | ||||||||||||||||||||||||||
Construction | - | - | - | - | ||||||||||||||||||||||||||
Other | - | - | - | - | ||||||||||||||||||||||||||
Total loans | 1 | $ | 579 | 5 | $ | 2,341 | ||||||||||||||||||||||||
Fair_Value_Accounting_Tables
Fair Value Accounting (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Fair Value Accounting [Abstract] | ' | |||||||||||||||||
Schedule of assets and liabilities measured at fair value on recurring basis | ' | |||||||||||||||||
30-Sep-13 | ||||||||||||||||||
(dollars in thousands) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | ||||||||||||||||||
Securities available for sale | ||||||||||||||||||
US Government agencies | $ | - | 8,005 | - | 8,005 | |||||||||||||
SBA securities | - | 5,453 | - | 5,453 | ||||||||||||||
State and political subdivisions | - | 23,763 | - | 23,763 | ||||||||||||||
Mortgage-backed securities | - | 32,949 | - | 32,949 | ||||||||||||||
Total assets measured at fair value on a recurring basis | $ | - | 70,170 | - | 70,170 | |||||||||||||
31-Dec-12 | ||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||||
Assets | ||||||||||||||||||
Securities available for sale | ||||||||||||||||||
US Government agencies | $ | - | 7,785 | - | 7,785 | |||||||||||||
SBA securities | - | 6,072 | - | 6,072 | ||||||||||||||
State and political subdivisions | - | 25,249 | - | 25,249 | ||||||||||||||
Mortgage-backed securities | - | 39,116 | - | 39,116 | ||||||||||||||
Total assets measured at fair value on a recurring basis | $ | - | 78,222 | - | 78,222 | |||||||||||||
Schedule of assets and liabilities measured on a nonrecurring basis | ' | |||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||
(dollars in thousands) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | ||||||||||||||||||
Impaired loans | $ | - | 9,143 | 2,178 | 11,321 | |||||||||||||
Other real estate owned | - | 1,561 | 18 | 1,579 | ||||||||||||||
Total assets measured at fair value on a nonrecurring basis | $ | - | 10,704 | 2,196 | 12,900 | |||||||||||||
As of December 31, 2012 | ||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||||
Assets | ||||||||||||||||||
Impaired loans | $ | - | 13,748 | 191 | 13,939 | |||||||||||||
Other real estate owned | - | 1,390 | 329 | 1,719 | ||||||||||||||
Total assets measured at fair value on a nonrecurring basis | $ | - | 15,138 | 520 | 15,658 | |||||||||||||
Schedule of unobservable inputs used in the fair value measurements | ' | |||||||||||||||||
Valuation Technique | Significant Unobservable Inputs | |||||||||||||||||
Other investments | Carrying Value | None | ||||||||||||||||
Impaired loans | Appraised Value/ Discounted Cash | Appraisals and/or sales of comparable | ||||||||||||||||
Flows | properties | |||||||||||||||||
Other real estate owned | Appraised Value/ Comparable | Appraisals and/or sales of comparable | ||||||||||||||||
Sales | properties/ Independent quotes | |||||||||||||||||
Estimated fair values of the Company's financial instruments | ' | |||||||||||||||||
30-Sep-13 | ||||||||||||||||||
(dollars in thousands) | Carrying | Fair | Level 1 | Level 2 | Level 3 | |||||||||||||
Amount | Value | |||||||||||||||||
Financial Assets: | ||||||||||||||||||
Cash and cash equivalents | $ | 23,716 | 23,716 | 23,716 | - | - | ||||||||||||
Other investments, at cost | 7,466 | 7,466 | - | - | 7,466 | |||||||||||||
Loans, net | 708,033 | 715,592 | - | 9,143 | 706,449 | |||||||||||||
Bank owned life insurance | 21,223 | 21,223 | - | - | 21,223 | |||||||||||||
Financial Liabilities: | ||||||||||||||||||
Deposits | 607,052 | 575,239 | - | 575,239 | - | |||||||||||||
FHLB and other borrowings | 154,100 | 167,244 | - | 167,244 | - | |||||||||||||
Junior subordinated debentures | 13,403 | 5,115 | - | 5,115 | - | |||||||||||||
31-Dec-12 | ||||||||||||||||||
Carrying | Fair | Level 1 | Level 2 | Level 3 | ||||||||||||||
Amount | Value | |||||||||||||||||
Financial Assets: | ||||||||||||||||||
Cash and cash equivalents | $ | 29,413 | 29,413 | 29,413 | - | - | ||||||||||||
Other investments, at cost | 7,794 | 7,794 | - | - | 7,794 | |||||||||||||
Loans, net | 636,858 | 645,852 | - | 13,748 | 632,104 | |||||||||||||
Bank owned life insurance | 18,725 | 18,725 | - | - | 18,725 | |||||||||||||
Financial Liabilities: | ||||||||||||||||||
Deposits | 576,299 | 561,599 | - | 561,599 | - | |||||||||||||
FHLB and other borrowings | 124,100 | 140,455 | - | 140,455 | - | |||||||||||||
Junior subordinated debentures | 13,403 | 5,093 | - | 5,093 | - | |||||||||||||
Earnings_Per_Common_Share_and_1
Earnings Per Common Share and Stock Dividend (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Earnings Per Common Share and Stock Dividend [Abstract] | ' | |||||||||||||||||
Schedule of earnings per share reconciliation | ' | |||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||
(dollars in thousands, except share data) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||
Numerator: | ||||||||||||||||||
Net income | $ | 1,419 | $ | 1,226 | $ | 3,681 | $ | 2,729 | ||||||||||
Less: | Preferred stock dividend | 191 | 204 | 580 | 636 | |||||||||||||
Discount accretion | - | 180 | - | 360 | ||||||||||||||
Add: | Redemption of preferred stock | - | - | 20 | 96 | |||||||||||||
Net income available to common shareholders | $ | 1,228 | $ | 842 | $ | 3,121 | $ | 1,829 | ||||||||||
Denominator: | ||||||||||||||||||
Weighted-average common shares outstanding - basic | 4,271,652 | 4,229,819 | 4,267,693 | 4,226,145 | ||||||||||||||
Common stock equivalents | 218,374 | 120,152 | 160,471 | 125,423 | ||||||||||||||
Weighted-average common shares outstanding - diluted | 4,490,026 | 4,349,971 | 4,428,164 | 4,351,568 | ||||||||||||||
Earnings per common share: | ||||||||||||||||||
Basic | $ | 0.29 | $ | 0.2 | $ | 0.73 | $ | 0.43 | ||||||||||
Diluted | $ | 0.27 | $ | 0.19 | $ | 0.71 | $ | 0.42 | ||||||||||
Preferred_Stock_Issuance_and_P1
Preferred Stock Issuance and Partial Redemption (Details) (USD $) | 1 Months Ended | 2 Months Ended | ||||||
Apr. 30, 2013 | Sep. 30, 2012 | Jun. 28, 2012 | Feb. 27, 2009 | Jul. 25, 2012 | Sep. 30, 2013 | Apr. 01, 2013 | Dec. 31, 2012 | |
Shareholder | ||||||||
Preferred Stock Issuance and partial redemption (Textual) | ' | ' | ' | ' | ' | ' | ' | ' |
Shares of fixed rate cumulative perpetual preferred stock, Series T, Shares sold | ' | ' | ' | 17,299 | ' | ' | ' | ' |
Warrant issued with option to purchase additional common shares | ' | ' | ' | 399,970.34 | ' | ' | ' | ' |
Purchase price of fixed rate cumulative perpetual preferred stock, Series T | ' | ' | ' | $17,300,000 | ' | ' | ' | ' |
Cumulative dividend rate for first five years | ' | ' | ' | 5.00% | ' | ' | ' | ' |
Cumulative dividend rate after first five years | ' | ' | ' | 9.00% | ' | ' | ' | ' |
Capital purchase program warrant term | ' | ' | ' | '10 years | ' | ' | ' | ' |
Exercise price of CPP warrant | ' | ' | ' | $6.49 | ' | ' | ' | ' |
Preferred shares clearing price per share value | ' | ' | 904 | ' | ' | ' | ' | ' |
Series T Preferred Stock, par value | ' | ' | $1,000 | ' | ' | $0.01 | ' | $0.01 |
Number of preferred stock repurchased | ' | ' | 1,000 | ' | ' | ' | ' | ' |
Number of series T Preferred Stock held by the Treasury sold to unrelated third-parties through the auction process | ' | ' | 16,299 | ' | ' | 15,299 | ' | 16,299 |
Operating costs incurred as a result of TARP auction | ' | 130,000 | ' | ' | ' | ' | ' | ' |
Balance sheet impact - Shareholders' equity | ' | 904,000 | ' | ' | ' | ' | ' | ' |
Amount increase to retained earnings related to discount on the shares repurchased | ' | 96,000 | ' | ' | ' | ' | ' | ' |
Decrease in series T preferred stock value | ' | 1,000,000 | ' | ' | ' | ' | ' | ' |
Savings on payment of dividends, annually | ' | 50,000 | ' | ' | ' | ' | ' | ' |
Warrant repurchase, value | ' | ' | ' | ' | 1,100,000 | ' | ' | ' |
Difference between fair value of Warrant and repurchase value | ' | ' | ' | ' | 343,000 | ' | ' | ' |
Remaining accretion on the Series T Preferred Stock | ' | ' | ' | ' | 180,000 | ' | ' | ' |
Interest only line of credit, outstanding amount | ' | ' | ' | ' | 1,500,000 | ' | ' | ' |
Quarterly rate of interest | ' | ' | ' | ' | 5.00% | ' | ' | ' |
Line of credit facility, maturity date | ' | ' | ' | ' | 3-Feb-14 | ' | ' | ' |
Value of total redeemed outstanding preferred stock On January 3, 2013 and April 1, 2013 | ' | ' | ' | ' | ' | ' | 1,000,000 | ' |
Cumulative outstanding series T preferred stock redeemed | ' | ' | ' | ' | ' | ' | 2,000,000 | ' |
Number of preferred shareholders | 3 | ' | ' | ' | ' | ' | ' | ' |
Value of outstanding preferred stock after redemption | ' | ' | ' | ' | ' | ' | $15,300,000 | ' |
Investment_Securities_Details
Investment Securities (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Available for sale | ' | ' |
Total investment securities available for sale, Amortized Cost | $71,366 | $76,436 |
Total investment securities available for sale, Gross Unrealized Gains | 780 | 1,863 |
Total investment securities available for sale, Gross Unrealized Losses | 1,976 | 77 |
Available-for-sale securities, investment securities, Fair Value | 70,170 | 78,222 |
US Government agencies [Member] | ' | ' |
Available for sale | ' | ' |
Total investment securities available for sale, Amortized Cost | 8,755 | 7,781 |
Total investment securities available for sale, Gross Unrealized Gains | ' | 14 |
Total investment securities available for sale, Gross Unrealized Losses | 750 | 10 |
Available-for-sale securities, investment securities, Fair Value | 8,005 | 7,785 |
SBA securities [Member] | ' | ' |
Available for sale | ' | ' |
Total investment securities available for sale, Amortized Cost | 5,904 | 6,060 |
Total investment securities available for sale, Gross Unrealized Gains | ' | 17 |
Total investment securities available for sale, Gross Unrealized Losses | 451 | 5 |
Available-for-sale securities, investment securities, Fair Value | 5,453 | 6,072 |
States and Political Subdivisions [Member] | ' | ' |
Available for sale | ' | ' |
Total investment securities available for sale, Amortized Cost | 23,868 | 24,167 |
Total investment securities available for sale, Gross Unrealized Gains | 396 | 1,130 |
Total investment securities available for sale, Gross Unrealized Losses | 501 | 48 |
Available-for-sale securities, investment securities, Fair Value | 23,763 | 25,249 |
Mortgage Backed Securities [Member] | ' | ' |
Available for sale | ' | ' |
Total investment securities available for sale, Amortized Cost | 32,839 | 38,428 |
Total investment securities available for sale, Gross Unrealized Gains | 384 | 702 |
Total investment securities available for sale, Gross Unrealized Losses | 274 | 14 |
Available-for-sale securities, investment securities, Fair Value | $32,949 | $39,116 |
Investment_Securities_Details_
Investment Securities (Details 1) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Loan maturity distribution by type and related interest rate | ' | ' |
Available-for-sale Securities, Contractual Maturities, Less than one year, Value | $777 | $421 |
Available-for-sale Securities, Contractual Maturities, Less than one year, Yield | 1.02% | 1.43% |
Available-for-sale Securities, Contractual Maturities, One to Five Years, Value | 3,071 | 3,671 |
Available-for-sale Securities, Contractual Maturities, One to Five Years, Yield | 0.63% | 0.60% |
Available-for-sale Securities, Contractual Maturities, Five to Ten Years, Value | 8,762 | 5,031 |
Available-for-sale Securities, Contractual Maturities, Five to Ten Years, Yield | 2.70% | 3.11% |
Available-for-sale Securities, Contractual Maturities, Over Ten Years, Value | 57,560 | 69,099 |
Available-for-sale Securities, Contractual Maturities, Over Ten Years, Yield | 2.42% | 2.42% |
Investment securities available for sale, Value | 70,170 | 78,222 |
Available-for-sale Securities, Contractual Securities, Yield Total | 2.36% | 2.37% |
US Government agencies [Member] | ' | ' |
Loan maturity distribution by type and related interest rate | ' | ' |
Available-for-sale Securities, Contractual Maturities, Less than one year, Value | ' | ' |
Available-for-sale Securities, Contractual Maturities, Less than one year, Yield | ' | ' |
Available-for-sale Securities, Contractual Maturities, One to Five Years, Value | ' | ' |
Available-for-sale Securities, Contractual Maturities, One to Five Years, Yield | ' | ' |
Available-for-sale Securities, Contractual Maturities, Five to Ten Years, Value | 971 | ' |
Available-for-sale Securities, Contractual Maturities, Five to Ten Years, Yield | 2.13% | ' |
Available-for-sale Securities, Contractual Maturities, Over Ten Years, Value | 7,034 | 7,785 |
Available-for-sale Securities, Contractual Maturities, Over Ten Years, Yield | 2.43% | 2.42% |
Investment securities available for sale, Value | 8,005 | 7,785 |
Available-for-sale Securities, Contractual Securities, Yield Total | 2.40% | 2.42% |
SBA securities [Member] | ' | ' |
Loan maturity distribution by type and related interest rate | ' | ' |
Available-for-sale Securities, Contractual Maturities, Less than one year, Value | ' | ' |
Available-for-sale Securities, Contractual Maturities, Less than one year, Yield | ' | ' |
Available-for-sale Securities, Contractual Maturities, One to Five Years, Value | ' | ' |
Available-for-sale Securities, Contractual Maturities, One to Five Years, Yield | ' | ' |
Available-for-sale Securities, Contractual Maturities, Five to Ten Years, Value | ' | ' |
Available-for-sale Securities, Contractual Maturities, Five to Ten Years, Yield | ' | ' |
Available-for-sale Securities, Contractual Maturities, Over Ten Years, Value | 5,453 | 6,072 |
Available-for-sale Securities, Contractual Maturities, Over Ten Years, Yield | 1.87% | 1.89% |
Investment securities available for sale, Value | 5,453 | 6,072 |
Available-for-sale Securities, Contractual Securities, Yield Total | 1.87% | 1.89% |
States and Political Subdivisions [Member] | ' | ' |
Loan maturity distribution by type and related interest rate | ' | ' |
Available-for-sale Securities, Contractual Maturities, Less than one year, Value | 777 | 421 |
Available-for-sale Securities, Contractual Maturities, Less than one year, Yield | 1.02% | 1.43% |
Available-for-sale Securities, Contractual Maturities, One to Five Years, Value | 3,071 | 3,671 |
Available-for-sale Securities, Contractual Maturities, One to Five Years, Yield | 0.63% | 0.60% |
Available-for-sale Securities, Contractual Maturities, Five to Ten Years, Value | 5,566 | 5,031 |
Available-for-sale Securities, Contractual Maturities, Five to Ten Years, Yield | 3.18% | 3.11% |
Available-for-sale Securities, Contractual Maturities, Over Ten Years, Value | 14,349 | 16,126 |
Available-for-sale Securities, Contractual Maturities, Over Ten Years, Yield | 2.94% | 2.96% |
Investment securities available for sale, Value | 23,763 | 25,249 |
Available-for-sale Securities, Contractual Securities, Yield Total | 2.63% | 2.60% |
Mortgage Backed Securities [Member] | ' | ' |
Loan maturity distribution by type and related interest rate | ' | ' |
Available-for-sale Securities, Contractual Maturities, Less than one year, Value | ' | ' |
Available-for-sale Securities, Contractual Maturities, Less than one year, Yield | ' | ' |
Available-for-sale Securities, Contractual Maturities, One to Five Years, Value | ' | ' |
Available-for-sale Securities, Contractual Maturities, One to Five Years, Yield | ' | ' |
Available-for-sale Securities, Contractual Maturities, Five to Ten Years, Value | 2,225 | ' |
Available-for-sale Securities, Contractual Maturities, Five to Ten Years, Yield | 1.78% | ' |
Available-for-sale Securities, Contractual Maturities, Over Ten Years, Value | 30,724 | 39,116 |
Available-for-sale Securities, Contractual Maturities, Over Ten Years, Yield | 2.28% | 2.29% |
Investment securities available for sale, Value | $32,949 | $39,116 |
Available-for-sale Securities, Contractual Securities, Yield Total | 2.24% | 2.29% |
Investment_Securities_Details_1
Investment Securities (Details 2) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Investment | Investment | |
Summary of gross unrealized losses on investment securities and fair market value of related securities | ' | ' |
Number of investments, Less than 12 months | 39 | 20 |
Available-for-sale Securities, Less than 12 months, Fair Value | $38,048 | $16,063 |
Available-for-sale Securities, Less than 12 Months, Unrealized losses | 1,976 | 77 |
Number of investments, 12 months or longer | ' | ' |
Available-for-sale Securities, 12 months or longer, Fair Value | ' | ' |
Available-for-sale Securities, 12 Months or Longer, Unrealized losses | ' | ' |
Number of investments, Total | 39 | 20 |
Available-for-sale Securities, Fair Value, Total | 38,048 | 16,063 |
Available-for-sale Securities, Unrealized Losses, Total | 1,976 | 77 |
US Government agencies [Member] | ' | ' |
Summary of gross unrealized losses on investment securities and fair market value of related securities | ' | ' |
Number of investments, Less than 12 months | 3 | 1 |
Available-for-sale Securities, Less than 12 months, Fair Value | 8,005 | 3,771 |
Available-for-sale Securities, Less than 12 Months, Unrealized losses | 750 | 10 |
Number of investments, 12 months or longer | ' | ' |
Available-for-sale Securities, 12 months or longer, Fair Value | ' | ' |
Available-for-sale Securities, 12 Months or Longer, Unrealized losses | ' | ' |
Number of investments, Total | 3 | 1 |
Available-for-sale Securities, Fair Value, Total | 8,005 | 3,771 |
Available-for-sale Securities, Unrealized Losses, Total | 750 | 10 |
SBA securities [Member] | ' | ' |
Summary of gross unrealized losses on investment securities and fair market value of related securities | ' | ' |
Number of investments, Less than 12 months | 2 | 1 |
Available-for-sale Securities, Less than 12 months, Fair Value | 5,453 | 2,015 |
Available-for-sale Securities, Less than 12 Months, Unrealized losses | 451 | 5 |
Number of investments, 12 months or longer | ' | ' |
Available-for-sale Securities, 12 months or longer, Fair Value | ' | ' |
Available-for-sale Securities, 12 Months or Longer, Unrealized losses | ' | ' |
Number of investments, Total | 2 | 1 |
Available-for-sale Securities, Fair Value, Total | 5,453 | 2,015 |
Available-for-sale Securities, Unrealized Losses, Total | 451 | 5 |
States and Political Subdivisions [Member] | ' | ' |
Summary of gross unrealized losses on investment securities and fair market value of related securities | ' | ' |
Number of investments, Less than 12 months | 27 | 16 |
Available-for-sale Securities, Less than 12 months, Fair Value | 11,112 | 6,608 |
Available-for-sale Securities, Less than 12 Months, Unrealized losses | 501 | 48 |
Number of investments, 12 months or longer | ' | ' |
Available-for-sale Securities, 12 months or longer, Fair Value | ' | ' |
Available-for-sale Securities, 12 Months or Longer, Unrealized losses | ' | ' |
Number of investments, Total | 27 | 16 |
Available-for-sale Securities, Fair Value, Total | 11,112 | 6,608 |
Available-for-sale Securities, Unrealized Losses, Total | 501 | 48 |
Mortgage Backed Securities [Member] | ' | ' |
Summary of gross unrealized losses on investment securities and fair market value of related securities | ' | ' |
Number of investments, Less than 12 months | 7 | 2 |
Available-for-sale Securities, Less than 12 months, Fair Value | 13,478 | 3,669 |
Available-for-sale Securities, Less than 12 Months, Unrealized losses | 274 | 14 |
Number of investments, 12 months or longer | ' | ' |
Available-for-sale Securities, 12 months or longer, Fair Value | ' | ' |
Available-for-sale Securities, 12 Months or Longer, Unrealized losses | ' | ' |
Number of investments, Total | 7 | 2 |
Available-for-sale Securities, Fair Value, Total | 13,478 | 3,669 |
Available-for-sale Securities, Unrealized Losses, Total | $274 | $14 |
Investment_Securities_Details_2
Investment Securities (Details 3) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Other investments | ' | ' |
Federal Reserve Bank stock | ' | $1,485 |
Federal Home Loan Bank stock | 6,964 | 5,807 |
Certificates of deposit with other banks | 99 | 99 |
Investment in Trust Preferred securities | 403 | 403 |
Total other investments | $7,466 | $7,794 |
Investment_Securities_Details_3
Investment Securities (Details Textual) | Sep. 30, 2013 | Dec. 31, 2012 |
Investment | Investment | |
Investment Securities (Textual) | ' | ' |
Number of investments, Less than 12 months | 39 | 20 |
Loans_and_Allowance_for_Loan_L2
Loans and Allowance for Loan Losses (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Composition of loan portfolio | ' | ' |
Total commercial loans | $489,741 | $458,469 |
Total consumer loans | 218,292 | 187,480 |
Total gross loans, net of deferred fees | 708,033 | 645,949 |
Total gross loans, net of deferred fees, (Percentage) | 100.00% | 100.00% |
Less allowance for loan losses | -9,816 | -9,091 |
Total loans, net | 698,217 | 636,858 |
Commercial [Member] | ' | ' |
Composition of loan portfolio | ' | ' |
Total commercial loans | 489,741 | 458,469 |
Total commercial loans, (Percentage) | 69.20% | 71.00% |
Total gross loans, net of deferred fees | 489,741 | 458,469 |
Commercial [Member] | Owner occupied RE [Member] | ' | ' |
Composition of loan portfolio | ' | ' |
Total commercial loans | 180,243 | 158,790 |
Total commercial loans, (Percentage) | 25.50% | 24.60% |
Commercial [Member] | Non-owner occupied RE [Member] | ' | ' |
Composition of loan portfolio | ' | ' |
Total commercial loans | 167,039 | 165,163 |
Total commercial loans, (Percentage) | 23.60% | 25.60% |
Commercial [Member] | Construction [Member] | ' | ' |
Composition of loan portfolio | ' | ' |
Total commercial loans | 26,478 | 20,347 |
Total commercial loans, (Percentage) | 3.70% | 3.10% |
Commercial [Member] | Business [Member] | ' | ' |
Composition of loan portfolio | ' | ' |
Total commercial loans | 115,981 | 114,169 |
Total commercial loans, (Percentage) | 16.40% | 17.70% |
Consumer [Member] | ' | ' |
Composition of loan portfolio | ' | ' |
Total consumer loans | 218,292 | 187,480 |
Total consumer loans, (Percentage) | 30.80% | 29.00% |
Total gross loans, net of deferred fees | 218,292 | 187,480 |
Consumer [Member] | Real estate [Member] | ' | ' |
Composition of loan portfolio | ' | ' |
Total consumer loans | 109,370 | 86,559 |
Total consumer loans, (Percentage) | 15.40% | 13.40% |
Consumer [Member] | Home equity [Member] | ' | ' |
Composition of loan portfolio | ' | ' |
Total consumer loans | 80,304 | 77,895 |
Total consumer loans, (Percentage) | 11.30% | 12.10% |
Consumer [Member] | Construction [Member] | ' | ' |
Composition of loan portfolio | ' | ' |
Total consumer loans | 18,123 | 13,749 |
Total consumer loans, (Percentage) | 2.60% | 2.10% |
Consumer [Member] | Other [Member] | ' | ' |
Composition of loan portfolio | ' | ' |
Total consumer loans | $10,495 | $9,277 |
Total consumer loans, (Percentage) | 1.50% | 1.40% |
Loans_and_Allowance_for_Loan_L3
Loans and Allowance for Loan Losses (Details 1) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Loan maturity distribution by type and related interest rate | ' | ' |
Total gross loans, net of deferred fees, One year or less | $179,138 | $169,735 |
Total gross loans, net of deferred fees, After one but within five years | 317,937 | 295,556 |
Total gross loans, net of deferred fees, After five years | 210,958 | 180,658 |
Total gross loans, net of deferred fees | 708,033 | 645,949 |
Loans maturing after one year with fixed interest rates | 356,720 | 314,396 |
Loans maturing after one year with floating interest rates | 172,175 | 161,818 |
Commercial [Member] | ' | ' |
Loan maturity distribution by type and related interest rate | ' | ' |
Total gross loans, net of deferred fees, One year or less | 139,783 | 138,238 |
Total gross loans, net of deferred fees, After one but within five years | 252,591 | 245,666 |
Total gross loans, net of deferred fees, After five years | 97,367 | 74,565 |
Total gross loans, net of deferred fees | 489,741 | 458,469 |
Commercial [Member] | Owner occupied RE [Member] | ' | ' |
Loan maturity distribution by type and related interest rate | ' | ' |
Total gross loans, net of deferred fees, One year or less | 24,338 | 23,833 |
Total gross loans, net of deferred fees, After one but within five years | 95,628 | 92,681 |
Total gross loans, net of deferred fees, After five years | 60,277 | 42,276 |
Total gross loans, net of deferred fees | 180,243 | 158,790 |
Commercial [Member] | Non-owner occupied RE [Member] | ' | ' |
Loan maturity distribution by type and related interest rate | ' | ' |
Total gross loans, net of deferred fees, One year or less | 46,978 | 47,252 |
Total gross loans, net of deferred fees, After one but within five years | 94,266 | 98,514 |
Total gross loans, net of deferred fees, After five years | 25,795 | 19,397 |
Total gross loans, net of deferred fees | 167,039 | 165,163 |
Commercial [Member] | Construction [Member] | ' | ' |
Loan maturity distribution by type and related interest rate | ' | ' |
Total gross loans, net of deferred fees, One year or less | 8,478 | 9,206 |
Total gross loans, net of deferred fees, After one but within five years | 13,654 | 4,387 |
Total gross loans, net of deferred fees, After five years | 4,346 | 6,754 |
Total gross loans, net of deferred fees | 26,478 | 20,347 |
Commercial [Member] | Business [Member] | ' | ' |
Loan maturity distribution by type and related interest rate | ' | ' |
Total gross loans, net of deferred fees, One year or less | 59,989 | 57,947 |
Total gross loans, net of deferred fees, After one but within five years | 49,043 | 50,084 |
Total gross loans, net of deferred fees, After five years | 6,949 | 6,138 |
Total gross loans, net of deferred fees | 115,981 | 114,169 |
Consumer [Member] | ' | ' |
Loan maturity distribution by type and related interest rate | ' | ' |
Total gross loans, net of deferred fees, One year or less | 39,355 | 31,497 |
Total gross loans, net of deferred fees, After one but within five years | 65,346 | 49,890 |
Total gross loans, net of deferred fees, After five years | 113,591 | 106,093 |
Total gross loans, net of deferred fees | 218,292 | 187,480 |
Consumer [Member] | Real estate [Member] | ' | ' |
Loan maturity distribution by type and related interest rate | ' | ' |
Total gross loans, net of deferred fees, One year or less | 18,775 | 12,907 |
Total gross loans, net of deferred fees, After one but within five years | 33,955 | 27,702 |
Total gross loans, net of deferred fees, After five years | 56,640 | 45,950 |
Total gross loans, net of deferred fees | 109,370 | 86,559 |
Consumer [Member] | Home equity [Member] | ' | ' |
Loan maturity distribution by type and related interest rate | ' | ' |
Total gross loans, net of deferred fees, One year or less | 4,771 | 7,083 |
Total gross loans, net of deferred fees, After one but within five years | 26,750 | 17,832 |
Total gross loans, net of deferred fees, After five years | 48,783 | 52,980 |
Total gross loans, net of deferred fees | 80,304 | 77,895 |
Consumer [Member] | Construction [Member] | ' | ' |
Loan maturity distribution by type and related interest rate | ' | ' |
Total gross loans, net of deferred fees, One year or less | 11,223 | 6,032 |
Total gross loans, net of deferred fees, After one but within five years | 30 | 1,530 |
Total gross loans, net of deferred fees, After five years | 6,870 | 6,187 |
Total gross loans, net of deferred fees | 18,123 | 13,749 |
Consumer [Member] | Other [Member] | ' | ' |
Loan maturity distribution by type and related interest rate | ' | ' |
Total gross loans, net of deferred fees, One year or less | 4,586 | 5,475 |
Total gross loans, net of deferred fees, After one but within five years | 4,611 | 2,826 |
Total gross loans, net of deferred fees, After five years | 1,298 | 976 |
Total gross loans, net of deferred fees | $10,495 | $9,277 |
Loans_and_Allowance_for_Loan_L4
Loans and Allowance for Loan Losses (Details 2) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | $489,741 | $458,469 |
Outstanding consumer loans | 218,292 | 187,480 |
Owner occupied RE [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | 180,243 | 158,790 |
Non-owner occupied RE [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | 167,039 | 165,163 |
Real estate [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding consumer loans | 109,370 | 86,559 |
Home equity [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding consumer loans | 80,304 | 77,895 |
Construction [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | 26,478 | 20,347 |
Outstanding consumer loans | 18,123 | 13,749 |
Business [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | 115,981 | 114,169 |
Other [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding consumer loans | 10,495 | 9,277 |
Pass [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | 445,733 | 412,896 |
Outstanding consumer loans | 210,969 | 179,392 |
Pass [Member] | Owner occupied RE [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | 169,888 | 148,255 |
Pass [Member] | Non-owner occupied RE [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | 145,399 | 141,352 |
Pass [Member] | Real estate [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding consumer loans | 105,809 | 83,173 |
Pass [Member] | Home equity [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding consumer loans | 77,032 | 73,718 |
Pass [Member] | Construction [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | 24,134 | 18,265 |
Outstanding consumer loans | 18,123 | 13,749 |
Pass [Member] | Business [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | 106,312 | 105,024 |
Pass [Member] | Other [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding consumer loans | 10,005 | 8,752 |
Special Mention [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | 20,930 | 19,554 |
Outstanding consumer loans | 4,392 | 4,767 |
Special Mention [Member] | Owner occupied RE [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | 8,663 | 7,446 |
Special Mention [Member] | Non-owner occupied RE [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | 8,257 | 9,358 |
Special Mention [Member] | Real estate [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding consumer loans | 1,838 | 2,307 |
Special Mention [Member] | Home equity [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding consumer loans | 2,176 | 2,290 |
Special Mention [Member] | Construction [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | ' | ' |
Outstanding consumer loans | ' | ' |
Special Mention [Member] | Business [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | 4,010 | 2,750 |
Special Mention [Member] | Other [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding consumer loans | 378 | 170 |
Substandard [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | 23,078 | 26,019 |
Outstanding consumer loans | 2,931 | 3,321 |
Substandard [Member] | Owner occupied RE [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | 1,692 | 3,089 |
Substandard [Member] | Non-owner occupied RE [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | 13,383 | 14,453 |
Substandard [Member] | Real estate [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding consumer loans | 1,723 | 1,079 |
Substandard [Member] | Home equity [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding consumer loans | 1,096 | 1,887 |
Substandard [Member] | Construction [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | 2,344 | 2,082 |
Outstanding consumer loans | ' | ' |
Substandard [Member] | Business [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | 5,659 | 6,395 |
Substandard [Member] | Other [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding consumer loans | 112 | 355 |
Doubtful [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | ' | ' |
Outstanding consumer loans | ' | ' |
Doubtful [Member] | Owner occupied RE [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | ' | ' |
Doubtful [Member] | Non-owner occupied RE [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | ' | ' |
Doubtful [Member] | Real estate [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding consumer loans | ' | ' |
Doubtful [Member] | Home equity [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding consumer loans | ' | ' |
Doubtful [Member] | Construction [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | ' | ' |
Outstanding consumer loans | ' | ' |
Doubtful [Member] | Business [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | ' | ' |
Doubtful [Member] | Other [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding consumer loans | ' | ' |
Loss [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | ' | ' |
Outstanding consumer loans | ' | ' |
Loss [Member] | Owner occupied RE [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | ' | ' |
Loss [Member] | Non-owner occupied RE [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | ' | ' |
Loss [Member] | Real estate [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding consumer loans | ' | ' |
Loss [Member] | Home equity [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding consumer loans | ' | ' |
Loss [Member] | Construction [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | ' | ' |
Outstanding consumer loans | ' | ' |
Loss [Member] | Business [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding commercial loans | ' | ' |
Loss [Member] | Other [Member] | ' | ' |
Outstanding commercial and consumer loans by risk category | ' | ' |
Outstanding consumer loans | ' | ' |
Loans_and_Allowance_for_Loan_L5
Loans and Allowance for Loan Losses (Details 3) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status as well as accruing TDRs | ' | ' |
Total commercial loans | $489,741 | $458,469 |
Total consumer loans | 218,292 | 187,480 |
Commercial [Member] | ' | ' |
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status as well as accruing TDRs | ' | ' |
Current | 485,015 | 452,399 |
30-59 days past due | 675 | 845 |
60-89 days past due | 934 | 563 |
Greater than 90 days | 3,117 | 4,662 |
Total commercial loans | 489,741 | 458,469 |
Commercial [Member] | Owner occupied RE [Member] | ' | ' |
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status as well as accruing TDRs | ' | ' |
Current | 179,513 | 157,036 |
30-59 days past due | ' | 306 |
60-89 days past due | ' | ' |
Greater than 90 days | 730 | 1,448 |
Total commercial loans | 180,243 | 158,790 |
Commercial [Member] | Non-owner occupied RE [Member] | ' | ' |
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status as well as accruing TDRs | ' | ' |
Current | 165,418 | 163,700 |
30-59 days past due | 249 | ' |
60-89 days past due | 912 | 463 |
Greater than 90 days | 460 | 1,000 |
Total commercial loans | 167,039 | 165,163 |
Commercial [Member] | Construction [Member] | ' | ' |
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status as well as accruing TDRs | ' | ' |
Current | 25,540 | 19,341 |
30-59 days past due | ' | ' |
60-89 days past due | ' | ' |
Greater than 90 days | 938 | 1,006 |
Total commercial loans | 26,478 | 20,347 |
Commercial [Member] | Business [Member] | ' | ' |
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status as well as accruing TDRs | ' | ' |
Current | 114,544 | 112,322 |
30-59 days past due | 426 | 539 |
60-89 days past due | 22 | 100 |
Greater than 90 days | 989 | 1,208 |
Total commercial loans | 115,981 | 114,169 |
Consumer [Member] | ' | ' |
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status as well as accruing TDRs | ' | ' |
Current | 217,114 | 186,411 |
30-59 days past due | 417 | 660 |
60-89 days past due | 579 | 44 |
Greater than 90 days | 182 | 365 |
Total consumer loans | 218,292 | 187,480 |
Consumer [Member] | Real estate [Member] | ' | ' |
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status as well as accruing TDRs | ' | ' |
Current | 108,397 | 85,999 |
30-59 days past due | 359 | 560 |
60-89 days past due | 579 | ' |
Greater than 90 days | 35 | ' |
Total consumer loans | 109,370 | 86,559 |
Consumer [Member] | Home equity [Member] | ' | ' |
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status as well as accruing TDRs | ' | ' |
Current | 80,107 | 77,430 |
30-59 days past due | 50 | 100 |
60-89 days past due | ' | ' |
Greater than 90 days | 147 | 365 |
Total consumer loans | 80,304 | 77,895 |
Consumer [Member] | Construction [Member] | ' | ' |
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status as well as accruing TDRs | ' | ' |
Current | 18,123 | 13,749 |
30-59 days past due | ' | ' |
60-89 days past due | ' | ' |
Greater than 90 days | ' | ' |
Total consumer loans | 18,123 | 13,749 |
Consumer [Member] | Other [Member] | ' | ' |
Outstanding commercial and consumer loans which include loans on nonaccrual by past due status as well as accruing TDRs | ' | ' |
Current | 10,487 | 9,233 |
30-59 days past due | 8 | ' |
60-89 days past due | ' | 44 |
Greater than 90 days | ' | ' |
Total consumer loans | $10,495 | $9,277 |
Loans_and_Allowance_for_Loan_L6
Loans and Allowance for Loan Losses (Details 4) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Summary of nonperforming assets including nonaccruing TDRs | ' | ' |
Nonaccruing troubled debt restructurings | $5,533 | $4,809 |
Total nonaccrual loans, including nonaccruing TDRs | 8,496 | 8,167 |
Other real estate owned | 1,579 | 1,719 |
Total nonperforming assets | 10,075 | 9,886 |
Nonperforming assets as a percentage of: | ' | ' |
Total assets | 1.19% | 1.24% |
Gross loans | 1.42% | 1.53% |
Total loans over 90 days past due | 3,299 | 5,027 |
Loans over 90 days past due and still accruing | ' | ' |
Accruing troubled debt restructurings | 6,953 | 9,421 |
Commercial [Member] | Owner occupied RE [Member] | ' | ' |
Summary of nonperforming assets including nonaccruing TDRs | ' | ' |
Total nonaccrual loans, including nonaccruing TDRs | 276 | 155 |
Commercial [Member] | Non-owner occupied RE [Member] | ' | ' |
Summary of nonperforming assets including nonaccruing TDRs | ' | ' |
Total nonaccrual loans, including nonaccruing TDRs | 424 | 1,255 |
Commercial [Member] | Construction [Member] | ' | ' |
Summary of nonperforming assets including nonaccruing TDRs | ' | ' |
Total nonaccrual loans, including nonaccruing TDRs | 938 | 1,006 |
Commercial [Member] | Business [Member] | ' | ' |
Summary of nonperforming assets including nonaccruing TDRs | ' | ' |
Total nonaccrual loans, including nonaccruing TDRs | 859 | 202 |
Consumer [Member] | Real estate [Member] | ' | ' |
Summary of nonperforming assets including nonaccruing TDRs | ' | ' |
Total nonaccrual loans, including nonaccruing TDRs | 188 | 119 |
Consumer [Member] | Home equity [Member] | ' | ' |
Summary of nonperforming assets including nonaccruing TDRs | ' | ' |
Total nonaccrual loans, including nonaccruing TDRs | 274 | 577 |
Consumer [Member] | Construction [Member] | ' | ' |
Summary of nonperforming assets including nonaccruing TDRs | ' | ' |
Total nonaccrual loans, including nonaccruing TDRs | ' | ' |
Consumer [Member] | Other [Member] | ' | ' |
Summary of nonperforming assets including nonaccruing TDRs | ' | ' |
Total nonaccrual loans, including nonaccruing TDRs | $4 | $44 |
Loans_and_Allowance_for_Loan_L7
Loans and Allowance for Loan Losses (Details 5) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Summary of key information for impaired loans | ' | ' |
Unpaid Principal Balance | $19,760 | $21,465 |
Impaired Loans | 15,449 | 17,588 |
Impaired loans with related allowance for loan losses | 12,237 | 9,505 |
Related allowance for loan losses | 4,128 | 3,649 |
Commercial [Member] | ' | ' |
Summary of key information for impaired loans | ' | ' |
Unpaid Principal Balance | 17,959 | 19,440 |
Impaired Loans | 13,671 | 15,563 |
Impaired loans with related allowance for loan losses | 11,278 | 8,738 |
Related allowance for loan losses | 3,652 | 3,534 |
Commercial [Member] | Owner occupied RE [Member] | ' | ' |
Summary of key information for impaired loans | ' | ' |
Unpaid Principal Balance | 1,012 | 3,071 |
Impaired Loans | 1,012 | 2,271 |
Impaired loans with related allowance for loan losses | 736 | 2,116 |
Related allowance for loan losses | 178 | 398 |
Commercial [Member] | Non-owner occupied RE [Member] | ' | ' |
Summary of key information for impaired loans | ' | ' |
Unpaid Principal Balance | 5,725 | 7,497 |
Impaired Loans | 5,390 | 7,162 |
Impaired loans with related allowance for loan losses | 4,701 | 2,218 |
Related allowance for loan losses | 924 | 831 |
Commercial [Member] | Construction [Member] | ' | ' |
Summary of key information for impaired loans | ' | ' |
Unpaid Principal Balance | 5,086 | 4,824 |
Impaired Loans | 2,344 | 2,082 |
Impaired loans with related allowance for loan losses | 2,300 | 1,075 |
Related allowance for loan losses | 738 | 213 |
Commercial [Member] | Business [Member] | ' | ' |
Summary of key information for impaired loans | ' | ' |
Unpaid Principal Balance | 6,136 | 4,048 |
Impaired Loans | 4,925 | 4,048 |
Impaired loans with related allowance for loan losses | 3,541 | 3,329 |
Related allowance for loan losses | 1,812 | 2,092 |
Consumer [Member] | ' | ' |
Summary of key information for impaired loans | ' | ' |
Unpaid Principal Balance | 1,801 | 2,025 |
Impaired Loans | 1,778 | 2,025 |
Impaired loans with related allowance for loan losses | 959 | 767 |
Related allowance for loan losses | 476 | 115 |
Consumer [Member] | Real estate [Member] | ' | ' |
Summary of key information for impaired loans | ' | ' |
Unpaid Principal Balance | 1,109 | 985 |
Impaired Loans | 1,086 | 985 |
Impaired loans with related allowance for loan losses | 614 | 162 |
Related allowance for loan losses | 186 | 24 |
Consumer [Member] | Home equity [Member] | ' | ' |
Summary of key information for impaired loans | ' | ' |
Unpaid Principal Balance | 464 | 770 |
Impaired Loans | 464 | 770 |
Impaired loans with related allowance for loan losses | 337 | 605 |
Related allowance for loan losses | 285 | 91 |
Consumer [Member] | Construction [Member] | ' | ' |
Summary of key information for impaired loans | ' | ' |
Unpaid Principal Balance | ' | ' |
Impaired Loans | ' | ' |
Impaired loans with related allowance for loan losses | ' | ' |
Related allowance for loan losses | ' | ' |
Consumer [Member] | Other [Member] | ' | ' |
Summary of key information for impaired loans | ' | ' |
Unpaid Principal Balance | 228 | 270 |
Impaired Loans | 228 | 270 |
Impaired loans with related allowance for loan losses | 8 | ' |
Related allowance for loan losses | $5 | ' |
Loans_and_Allowance_for_Loan_L8
Loans and Allowance for Loan Losses (Details 6) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Average recorded investment and interest income recognized on impaired loans | ' | ' | ' | ' | ' |
Average recorded investment | $15,413 | $18,642 | $15,930 | $17,921 | $17,854 |
Recognized interest income | 145 | 135 | 471 | 475 | 629 |
Commercial [Member] | ' | ' | ' | ' | ' |
Average recorded investment and interest income recognized on impaired loans | ' | ' | ' | ' | ' |
Average recorded investment | 13,537 | 16,423 | 13,992 | 15,733 | 15,699 |
Recognized interest income | 133 | 120 | 405 | 427 | 559 |
Commercial [Member] | Owner occupied RE [Member] | ' | ' | ' | ' | ' |
Average recorded investment and interest income recognized on impaired loans | ' | ' | ' | ' | ' |
Average recorded investment | 1,140 | 3,656 | 1,416 | 4,238 | 3,881 |
Recognized interest income | 2 | ' | 4 | 72 | 17 |
Commercial [Member] | Non-owner occupied RE [Member] | ' | ' | ' | ' | ' |
Average recorded investment and interest income recognized on impaired loans | ' | ' | ' | ' | ' |
Average recorded investment | 5,487 | 7,196 | 5,996 | 5,474 | 5,811 |
Recognized interest income | 61 | 93 | 206 | 272 | 392 |
Commercial [Member] | Construction [Member] | ' | ' | ' | ' | ' |
Average recorded investment and interest income recognized on impaired loans | ' | ' | ' | ' | ' |
Average recorded investment | 2,118 | 2,080 | 2,100 | 2,138 | 2,127 |
Recognized interest income | 19 | 10 | 45 | 50 | 66 |
Commercial [Member] | Business [Member] | ' | ' | ' | ' | ' |
Average recorded investment and interest income recognized on impaired loans | ' | ' | ' | ' | ' |
Average recorded investment | 4,792 | 3,491 | 4,480 | 3,838 | 3,880 |
Recognized interest income | 51 | 17 | 150 | 33 | 84 |
Consumer [Member] | ' | ' | ' | ' | ' |
Average recorded investment and interest income recognized on impaired loans | ' | ' | ' | ' | ' |
Average recorded investment | 1,876 | 2,219 | 1,938 | 2,188 | 2,155 |
Recognized interest income | 12 | 15 | 66 | 48 | 70 |
Consumer [Member] | Real estate [Member] | ' | ' | ' | ' | ' |
Average recorded investment and interest income recognized on impaired loans | ' | ' | ' | ' | ' |
Average recorded investment | 1,078 | 1,417 | 1,031 | 1,500 | 1,397 |
Recognized interest income | 9 | 11 | 53 | 32 | 44 |
Consumer [Member] | Home equity [Member] | ' | ' | ' | ' | ' |
Average recorded investment and interest income recognized on impaired loans | ' | ' | ' | ' | ' |
Average recorded investment | 573 | 570 | 671 | 455 | 518 |
Recognized interest income | 1 | 2 | 6 | 7 | 12 |
Consumer [Member] | Construction [Member] | ' | ' | ' | ' | ' |
Average recorded investment and interest income recognized on impaired loans | ' | ' | ' | ' | ' |
Average recorded investment | ' | ' | ' | ' | ' |
Recognized interest income | ' | ' | ' | ' | ' |
Consumer [Member] | Other [Member] | ' | ' | ' | ' | ' |
Average recorded investment and interest income recognized on impaired loans | ' | ' | ' | ' | ' |
Average recorded investment | 225 | 232 | 236 | 233 | 240 |
Recognized interest income | $2 | $2 | $7 | $9 | $14 |
Loans_and_Allowance_for_Loan_L9
Loans and Allowance for Loan Losses (Details 7) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Summary of activity related to our allowance for loan losses | ' | ' | ' | ' | ' |
Balance, beginning of period | ' | ' | $9,091 | $8,925 | $8,925 |
Provision for loan losses | 775 | 1,125 | 2,650 | 3,600 | 4,550 |
Total loan charge-offs | ' | ' | -2,034 | -3,291 | -4,505 |
Loan recoveries | ' | ' | 109 | 20 | 121 |
Net loan charge-offs | ' | ' | -1,925 | -3,271 | -4,384 |
Balance, end of period | 9,816 | 9,254 | 9,816 | 9,254 | 9,091 |
Net charge-offs to average loans (annualized) | ' | ' | 0.38% | 0.71% | ' |
Allowance for loan losses to gross loans | ' | ' | 1.39% | 1.45% | ' |
Allowance for loan losses to nonperforming loans | ' | ' | 115.54% | 100.49% | ' |
Commercial [Member] | ' | ' | ' | ' | ' |
Summary of activity related to our allowance for loan losses | ' | ' | ' | ' | ' |
Balance, beginning of period | ' | ' | 7,981 | ' | ' |
Total loan charge-offs | ' | ' | -1,928 | -2,879 | ' |
Loan recoveries | ' | ' | 102 | 13 | ' |
Balance, end of period | 8,287 | ' | 8,287 | ' | ' |
Commercial [Member] | Owner occupied RE [Member] | ' | ' | ' | ' | ' |
Summary of activity related to our allowance for loan losses | ' | ' | ' | ' | ' |
Total loan charge-offs | ' | ' | -386 | -1,378 | ' |
Loan recoveries | ' | ' | 2 | 4 | ' |
Commercial [Member] | Non-owner occupied RE [Member] | ' | ' | ' | ' | ' |
Summary of activity related to our allowance for loan losses | ' | ' | ' | ' | ' |
Total loan charge-offs | ' | ' | -247 | -384 | ' |
Loan recoveries | ' | ' | 1 | ' | ' |
Commercial [Member] | Construction [Member] | ' | ' | ' | ' | ' |
Summary of activity related to our allowance for loan losses | ' | ' | ' | ' | ' |
Total loan charge-offs | ' | ' | ' | ' | ' |
Loan recoveries | ' | ' | ' | 9 | ' |
Commercial [Member] | Business [Member] | ' | ' | ' | ' | ' |
Summary of activity related to our allowance for loan losses | ' | ' | ' | ' | ' |
Total loan charge-offs | ' | ' | -1,295 | -1,117 | ' |
Loan recoveries | ' | ' | 99 | ' | ' |
Consumer [Member] | ' | ' | ' | ' | ' |
Summary of activity related to our allowance for loan losses | ' | ' | ' | ' | ' |
Balance, beginning of period | ' | ' | 1,110 | ' | ' |
Total loan charge-offs | ' | ' | -106 | -412 | ' |
Loan recoveries | ' | ' | 7 | 7 | ' |
Balance, end of period | 1,529 | ' | 1,529 | ' | ' |
Consumer [Member] | Real estate [Member] | ' | ' | ' | ' | ' |
Summary of activity related to our allowance for loan losses | ' | ' | ' | ' | ' |
Total loan charge-offs | ' | ' | -22 | -214 | ' |
Loan recoveries | ' | ' | ' | ' | ' |
Consumer [Member] | Home equity [Member] | ' | ' | ' | ' | ' |
Summary of activity related to our allowance for loan losses | ' | ' | ' | ' | ' |
Total loan charge-offs | ' | ' | -38 | -198 | ' |
Loan recoveries | ' | ' | 7 | 1 | ' |
Consumer [Member] | Construction [Member] | ' | ' | ' | ' | ' |
Summary of activity related to our allowance for loan losses | ' | ' | ' | ' | ' |
Total loan charge-offs | ' | ' | ' | ' | ' |
Loan recoveries | ' | ' | ' | ' | ' |
Consumer [Member] | Other [Member] | ' | ' | ' | ' | ' |
Summary of activity related to our allowance for loan losses | ' | ' | ' | ' | ' |
Total loan charge-offs | ' | ' | -46 | ' | ' |
Loan recoveries | ' | ' | ' | $6 | ' |
Recovered_Sheet1
Loans and Allowance for Loan Losses (Details 8) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Summary of activity related to our allowance for loan losses | ' | ' | ' | ' | ' |
Balance, beginning of period | ' | ' | $9,091 | $8,925 | $8,925 |
Provision | 775 | 1,125 | 2,650 | 3,600 | 4,550 |
Loan charge-offs | ' | ' | -2,034 | -3,291 | -4,505 |
Loan recoveries | ' | ' | 109 | 20 | 121 |
Net loan charge-offs | ' | ' | -1,925 | -3,271 | -4,384 |
Balance, end of period | 9,816 | 9,254 | 9,816 | 9,254 | 9,091 |
Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' |
Summary of activity related to our allowance for loan losses | ' | ' | ' | ' | ' |
Balance, beginning of period | ' | ' | 7,981 | 8,061 | 8,061 |
Provision | ' | ' | 2,132 | ' | 3,447 |
Loan charge-offs | ' | ' | -1,928 | ' | -3,600 |
Loan recoveries | ' | ' | 102 | ' | 73 |
Net loan charge-offs | ' | ' | -1,826 | ' | -3,527 |
Balance, end of period | 8,287 | ' | 8,287 | ' | 7,981 |
Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ' |
Summary of activity related to our allowance for loan losses | ' | ' | ' | ' | ' |
Balance, beginning of period | ' | ' | 1,110 | 864 | 864 |
Provision | ' | ' | 518 | ' | 1,103 |
Loan charge-offs | ' | ' | -106 | ' | -905 |
Loan recoveries | ' | ' | 7 | ' | 48 |
Net loan charge-offs | ' | ' | -99 | ' | -857 |
Balance, end of period | $1,529 | ' | $1,529 | ' | $1,110 |
Recovered_Sheet2
Loans and Allowance for Loan Losses (Details 9) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Allowance for loan losses and recorded investment in loans by impairment methodology | ' | ' | ' | ' |
Allowance for loan losses, Individually evaluated | $4,128 | $3,534 | ' | ' |
Allowance for loan losses, Collectively evaluated | 5,688 | 5,557 | ' | ' |
Allowance for loan losses, Total | 9,816 | 9,091 | 9,254 | 8,925 |
Recorded investment in loans, Individually evaluated | 15,449 | 15,563 | ' | ' |
Recorded investment in loans, Collectively evaluated | 692,584 | 630,386 | ' | ' |
Total gross loans, net of deferred fees | 708,033 | 645,949 | ' | ' |
Commercial [Member] | ' | ' | ' | ' |
Allowance for loan losses and recorded investment in loans by impairment methodology | ' | ' | ' | ' |
Allowance for loan losses, Individually evaluated | 3,652 | 3,534 | ' | ' |
Allowance for loan losses, Collectively evaluated | 4,635 | 4,447 | ' | ' |
Allowance for loan losses, Total | 8,287 | 7,981 | ' | ' |
Recorded investment in loans, Individually evaluated | 13,671 | 15,563 | ' | ' |
Recorded investment in loans, Collectively evaluated | 476,070 | 442,906 | ' | ' |
Total gross loans, net of deferred fees | 489,741 | 458,469 | ' | ' |
Consumer [Member] | ' | ' | ' | ' |
Allowance for loan losses and recorded investment in loans by impairment methodology | ' | ' | ' | ' |
Allowance for loan losses, Individually evaluated | 476 | ' | ' | ' |
Allowance for loan losses, Collectively evaluated | 1,053 | 1,110 | ' | ' |
Allowance for loan losses, Total | 1,529 | 1,110 | ' | ' |
Recorded investment in loans, Individually evaluated | 1,778 | ' | ' | ' |
Recorded investment in loans, Collectively evaluated | 216,514 | 187,480 | ' | ' |
Total gross loans, net of deferred fees | $218,292 | $187,480 | ' | ' |
Recovered_Sheet3
Loans and Allowance for Loan Losses (Details Textual) | Sep. 30, 2013 | Dec. 31, 2012 |
Loan and Allowance For Loan Losses (Textual) | ' | ' |
Part of loans of 30 days or More past due as a percentage of total loan portfolio | 0.83% | 1.11% |
Commercial [Member] | ' | ' |
Loan and Allowance For Loan Losses (Textual) | ' | ' |
Part of loans of 30 days or More past due as a percentage of total loan portfolio | 0.67% | 0.94% |
Consumer [Member] | ' | ' |
Loan and Allowance For Loan Losses (Textual) | ' | ' |
Part of loans of 30 days or More past due as a percentage of total loan portfolio | 0.17% | 0.17% |
Troubled_Debt_Restructurings_D
Troubled Debt Restructurings (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Investment | Investment | |
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification | ' | ' |
Renewals deemed concession | 9 | 3 |
Reduced or deferred payments | ' | 2 |
Converted to interest only | ' | 1 |
Maturity date extensions | ' | ' |
Total number of loans | 9 | 6 |
Pre-modification outstanding recorded investment | $1,640 | $4,616 |
Post-modification outstanding recorded investment | 1,641 | 4,616 |
Commercial [Member] | Owner occupied [Member] | ' | ' |
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification | ' | ' |
Renewals deemed concession | ' | ' |
Reduced or deferred payments | ' | ' |
Converted to interest only | ' | ' |
Maturity date extensions | ' | ' |
Total number of loans | ' | ' |
Pre-modification outstanding recorded investment | ' | ' |
Post-modification outstanding recorded investment | ' | ' |
Commercial [Member] | Non-owner occupied [Member] | ' | ' |
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification | ' | ' |
Renewals deemed concession | ' | 1 |
Reduced or deferred payments | ' | 1 |
Converted to interest only | ' | ' |
Maturity date extensions | ' | ' |
Total number of loans | ' | 2 |
Pre-modification outstanding recorded investment | ' | 3,918 |
Post-modification outstanding recorded investment | ' | 3,918 |
Commercial [Member] | Construction [Member] | ' | ' |
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification | ' | ' |
Renewals deemed concession | ' | ' |
Reduced or deferred payments | ' | ' |
Converted to interest only | ' | ' |
Maturity date extensions | ' | ' |
Total number of loans | ' | ' |
Pre-modification outstanding recorded investment | ' | ' |
Post-modification outstanding recorded investment | ' | ' |
Commercial [Member] | Business [Member] | ' | ' |
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification | ' | ' |
Renewals deemed concession | 8 | 2 |
Reduced or deferred payments | ' | ' |
Converted to interest only | ' | 1 |
Maturity date extensions | ' | ' |
Total number of loans | 8 | 3 |
Pre-modification outstanding recorded investment | 1,636 | 532 |
Post-modification outstanding recorded investment | 1,637 | 532 |
Consumer [Member] | Real estate [Member] | ' | ' |
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification | ' | ' |
Renewals deemed concession | ' | ' |
Reduced or deferred payments | ' | ' |
Converted to interest only | ' | ' |
Maturity date extensions | ' | ' |
Total number of loans | ' | ' |
Pre-modification outstanding recorded investment | ' | ' |
Post-modification outstanding recorded investment | ' | ' |
Consumer [Member] | Home equity [Member] | ' | ' |
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification | ' | ' |
Renewals deemed concession | ' | ' |
Reduced or deferred payments | ' | 1 |
Converted to interest only | ' | ' |
Maturity date extensions | ' | ' |
Total number of loans | ' | 1 |
Pre-modification outstanding recorded investment | ' | 166 |
Post-modification outstanding recorded investment | ' | 166 |
Consumer [Member] | Construction [Member] | ' | ' |
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification | ' | ' |
Renewals deemed concession | ' | ' |
Reduced or deferred payments | ' | ' |
Converted to interest only | ' | ' |
Maturity date extensions | ' | ' |
Total number of loans | ' | ' |
Pre-modification outstanding recorded investment | ' | ' |
Post-modification outstanding recorded investment | ' | ' |
Consumer [Member] | Other [Member] | ' | ' |
Summary of concession at the time of modification and the recorded investment in TDRs before and after their modification | ' | ' |
Renewals deemed concession | 1 | ' |
Reduced or deferred payments | ' | ' |
Converted to interest only | ' | ' |
Maturity date extensions | ' | ' |
Total number of loans | 1 | ' |
Pre-modification outstanding recorded investment | 4 | ' |
Post-modification outstanding recorded investment | $4 | ' |
Troubled_Debt_Restructurings_D1
Troubled Debt Restructurings (Details 1) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Investment | Investment | |
Summary of TDRs past due more than 60 days and subsequently defaulted | ' | ' |
Number of loans | 1 | 5 |
Recorded investment | $579 | $2,341 |
Commercial [Member] | Owner occupied RE [Member] | ' | ' |
Summary of TDRs past due more than 60 days and subsequently defaulted | ' | ' |
Number of loans | ' | 3 |
Recorded investment | ' | 2,229 |
Commercial [Member] | Non-owner occupied RE [Member] | ' | ' |
Summary of TDRs past due more than 60 days and subsequently defaulted | ' | ' |
Number of loans | ' | ' |
Recorded investment | ' | ' |
Commercial [Member] | Construction [Member] | ' | ' |
Summary of TDRs past due more than 60 days and subsequently defaulted | ' | ' |
Number of loans | ' | ' |
Recorded investment | ' | ' |
Commercial [Member] | Business [Member] | ' | ' |
Summary of TDRs past due more than 60 days and subsequently defaulted | ' | ' |
Number of loans | ' | 2 |
Recorded investment | ' | 112 |
Consumer [Member] | Construction [Member] | ' | ' |
Summary of TDRs past due more than 60 days and subsequently defaulted | ' | ' |
Number of loans | ' | ' |
Recorded investment | ' | ' |
Consumer [Member] | Real estate [Member] | ' | ' |
Summary of TDRs past due more than 60 days and subsequently defaulted | ' | ' |
Number of loans | 1 | ' |
Recorded investment | 579 | ' |
Consumer [Member] | Home equity [Member] | ' | ' |
Summary of TDRs past due more than 60 days and subsequently defaulted | ' | ' |
Number of loans | ' | ' |
Recorded investment | ' | ' |
Consumer [Member] | Other [Member] | ' | ' |
Summary of TDRs past due more than 60 days and subsequently defaulted | ' | ' |
Number of loans | ' | ' |
Recorded investment | ' | ' |
Troubled_Debt_Restructurings_D2
Troubled Debt Restructurings (Details Textual) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Investment | Investment | |
Troubled Debt Restructurings (Textual) | ' | ' |
Total number of loans classified under troubled debt restructurings (TDRs) | 36 | 36 |
Total sum of loans classified as troubled debt restructurings (TDRs) | $12.50 | $14.20 |
Number of months previous loan payment defaulted | '12 month period | ' |
Fair_Value_Accounting_Details
Fair Value Accounting (Details) (Fair Value, Measurements, Recurring [Member], USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Securities available for sale: | ' | ' |
US Government agencies | $8,005 | $7,785 |
SBA securities | 5,453 | 6,072 |
State and political subdivisions | 23,763 | 25,249 |
Mortgage-backed securities | 32,949 | 39,116 |
Total assets measured at fair value on a recurring basis | 70,170 | 78,222 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Securities available for sale: | ' | ' |
US Government agencies | ' | ' |
SBA securities | ' | ' |
State and political subdivisions | ' | ' |
Mortgage-backed securities | ' | ' |
Total assets measured at fair value on a recurring basis | ' | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Securities available for sale: | ' | ' |
US Government agencies | 8,005 | 7,785 |
SBA securities | 5,453 | 6,072 |
State and political subdivisions | 23,763 | 25,249 |
Mortgage-backed securities | 32,949 | 39,116 |
Total assets measured at fair value on a recurring basis | 70,170 | 78,222 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Securities available for sale: | ' | ' |
US Government agencies | ' | ' |
SBA securities | ' | ' |
State and political subdivisions | ' | ' |
Mortgage-backed securities | ' | ' |
Total assets measured at fair value on a recurring basis | ' | ' |
Fair_Value_Accounting_Details_
Fair Value Accounting (Details 1) (Fair Value, Measurements, Nonrecurring [Member], USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Impaired loans | $11,321 | $13,939 |
Other real estate owned | 1,579 | 1,719 |
Total assets measured at fair value on a non-recurring basis | 12,900 | 15,658 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets | ' | ' |
Impaired loans | ' | ' |
Other real estate owned | ' | ' |
Total assets measured at fair value on a non-recurring basis | ' | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets | ' | ' |
Impaired loans | 9,143 | 13,748 |
Other real estate owned | 1,561 | 1,390 |
Total assets measured at fair value on a non-recurring basis | 10,704 | 15,138 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets | ' | ' |
Impaired loans | 2,178 | 191 |
Other real estate owned | 18 | 329 |
Total assets measured at fair value on a non-recurring basis | $2,196 | $520 |
Fair_Value_Accounting_Details_1
Fair Value Accounting (Details 2) | 9 Months Ended |
Sep. 30, 2013 | |
Other investments [Member] | ' |
Schedule of unobservable inputs used in the fair value measurements | ' |
Valuation Technique | 'Carrying Value |
Significant Unobservable Inputs | 'None |
Impaired loans [Member] | ' |
Schedule of unobservable inputs used in the fair value measurements | ' |
Valuation Technique | 'Appraised Value/ Discounted Cash Flows |
Significant Unobservable Inputs | 'Appraisals and/or sales of comparable properties |
Other real estate owned [Member] | ' |
Schedule of unobservable inputs used in the fair value measurements | ' |
Valuation Technique | 'Appraised Value/ Comparable Sales |
Significant Unobservable Inputs | 'Appraisals and/or sales of comparable properties/ Independent quotes |
Fair_Value_Accounting_Details_2
Fair Value Accounting (Details 3) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Financial Assets: | ' | ' | ' | ' |
Cash and cash equivalents, Carrying Amount | $23,716 | $29,413 | $35,902 | $23,005 |
Other investments, at cost, Carrying Amount | 7,466 | 7,794 | ' | ' |
Loans, net, Carrying Amount | 708,033 | 636,858 | ' | ' |
Bank owned life insurance | 21,223 | 18,725 | ' | ' |
Cash and cash equivalents, Fair Value | 23,716 | 29,413 | ' | ' |
Other investments, fair value | 7,466 | 7,794 | ' | ' |
Loans, net, Fair Value | 715,592 | 645,852 | ' | ' |
Bank owned life insurance, Fair Value | 21,223 | 18,725 | ' | ' |
Financial Liabilities: | ' | ' | ' | ' |
Deposits, Carrying Amount | 607,052 | 576,299 | ' | ' |
FHLB and other borrowings, Carrying Amount | 154,100 | 124,100 | ' | ' |
Junior subordinated debentures, Carrying Amount | 13,403 | 13,403 | ' | ' |
Deposits, Fair Value | 575,239 | 561,599 | ' | ' |
FHLB and other borrowings, Fair Value | 167,244 | 140,455 | ' | ' |
Junior subordinated debentures, Fair Value | 5,115 | 5,093 | ' | ' |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | ' | ' | ' | ' |
Financial Assets: | ' | ' | ' | ' |
Cash and cash equivalents, Carrying Amount | ' | ' | ' | ' |
Other investments, at cost, Carrying Amount | ' | ' | ' | ' |
Loans, net, Carrying Amount | ' | ' | ' | ' |
Bank owned life insurance | ' | ' | ' | ' |
Cash and cash equivalents, Fair Value | 23,716 | 29,413 | ' | ' |
Other investments, fair value | ' | ' | ' | ' |
Loans, net, Fair Value | ' | ' | ' | ' |
Bank owned life insurance, Fair Value | ' | ' | ' | ' |
Financial Liabilities: | ' | ' | ' | ' |
Deposits, Carrying Amount | ' | ' | ' | ' |
FHLB and other borrowings, Carrying Amount | ' | ' | ' | ' |
Junior subordinated debentures, Carrying Amount | ' | ' | ' | ' |
Deposits, Fair Value | ' | ' | ' | ' |
FHLB and other borrowings, Fair Value | ' | ' | ' | ' |
Junior subordinated debentures, Fair Value | ' | ' | ' | ' |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | ' | ' | ' | ' |
Financial Assets: | ' | ' | ' | ' |
Cash and cash equivalents, Carrying Amount | ' | ' | ' | ' |
Other investments, at cost, Carrying Amount | ' | ' | ' | ' |
Loans, net, Carrying Amount | ' | ' | ' | ' |
Bank owned life insurance | ' | ' | ' | ' |
Cash and cash equivalents, Fair Value | ' | ' | ' | ' |
Other investments, fair value | ' | ' | ' | ' |
Loans, net, Fair Value | 9,143 | 13,748 | ' | ' |
Bank owned life insurance, Fair Value | ' | ' | ' | ' |
Financial Liabilities: | ' | ' | ' | ' |
Deposits, Carrying Amount | ' | ' | ' | ' |
FHLB and other borrowings, Carrying Amount | ' | ' | ' | ' |
Junior subordinated debentures, Carrying Amount | ' | ' | ' | ' |
Deposits, Fair Value | 575,239 | 561,599 | ' | ' |
FHLB and other borrowings, Fair Value | 167,244 | 140,455 | ' | ' |
Junior subordinated debentures, Fair Value | 5,115 | 5,093 | ' | ' |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | ' | ' | ' | ' |
Financial Assets: | ' | ' | ' | ' |
Cash and cash equivalents, Carrying Amount | ' | ' | ' | ' |
Other investments, at cost, Carrying Amount | ' | ' | ' | ' |
Loans, net, Carrying Amount | ' | ' | ' | ' |
Bank owned life insurance | ' | ' | ' | ' |
Cash and cash equivalents, Fair Value | ' | ' | ' | ' |
Other investments, fair value | 7,466 | 7,794 | ' | ' |
Loans, net, Fair Value | 706,449 | 632,104 | ' | ' |
Bank owned life insurance, Fair Value | 21,223 | 18,725 | ' | ' |
Financial Liabilities: | ' | ' | ' | ' |
Deposits, Carrying Amount | ' | ' | ' | ' |
FHLB and other borrowings, Carrying Amount | ' | ' | ' | ' |
Junior subordinated debentures, Carrying Amount | ' | ' | ' | ' |
Deposits, Fair Value | ' | ' | ' | ' |
FHLB and other borrowings, Fair Value | ' | ' | ' | ' |
Junior subordinated debentures, Fair Value | ' | ' | ' | ' |
Fair_Value_Accounting_Details_3
Fair Value Accounting (Details Textual) | 9 Months Ended |
Sep. 30, 2013 | |
Fair Value Accounting (Textual) | ' |
Percentage of loans collateralize by real estate | 'More than 80 |
Earnings_Per_Common_Share_and_2
Earnings Per Common Share and Stock Dividend (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Numerator: | ' | ' | ' | ' |
Net income | $1,419 | $1,226 | $3,681 | $2,729 |
Less: Preferred stock dividends | 191 | 204 | 580 | 636 |
Discount accretion | ' | 180 | ' | 360 |
Add: Redemption of preferred stock | ' | ' | 20 | 96 |
Net income available to common shareholders | $1,228 | $842 | $3,121 | $1,829 |
Denominator: | ' | ' | ' | ' |
Weighted-average common shares outstanding - basic | 4,271,652 | 4,229,819 | 4,267,693 | 4,226,145 |
Common stock equivalents | 218,374 | 120,152 | 160,471 | 125,423 |
Weighted-average common shares outstanding - diluted | 4,490,026 | 4,349,971 | 4,428,164 | 4,351,568 |
Earnings per common share: | ' | ' | ' | ' |
Basic | $0.29 | $0.20 | $0.73 | $0.43 |
Diluted | $0.27 | $0.19 | $0.71 | $0.42 |
Earnings_Per_Common_Share_and_3
Earnings Per Common Share and Stock Dividend (Details Textual) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Earnings Per Common Share and Stock Dividend (Textual) | ' | ' |
Dividends payable, date declared | 15-Jan-13 | ' |
Percentage of approved stock dividend to the Company's shareholders | ' | 10.00% |
Dividends payable, date of record | 1-Feb-13 | ' |
Dividends payable, distribution date | 15-Feb-13 | ' |
Antidilutive securities excluded from computation of earnings per share, amount | 24,624 | 80,302 |