Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2014 | Mar. 13, 2015 | Jun. 30, 2014 |
Document Information [Line Items] | |||
Document Type | 10-K | ||
Amendment Flag | FALSE | ||
Document Period End Date | 31-Dec-14 | ||
Document Fiscal Year Focus | 2014 | ||
Document Fiscal Period Focus | FY | ||
Entity Registrant Name | MBT FINANCIAL CORP | ||
Entity Central Index Key | 1118237 | ||
Current Fiscal Year End Date | -19 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Filer Category | Accelerated Filer | ||
Entity Public Float | $97.70 | ||
Trading Symbol | MBTF | ||
Entity Common Stock, Shares Outstanding | 22,724,111 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Cash and due from banks | ||
Non-interest bearing | $15,957 | $15,448 |
Interest bearing | 36,165 | 62,350 |
Total cash and cash equivalents | 52,122 | 77,798 |
Securities - Held to Maturity (Note 3) | 32,613 | 34,846 |
Securities - Available for Sale (Note 3) | 473,176 | 394,956 |
Federal Home Loan Bank stock - at cost | 7,537 | 10,605 |
Loans held for sale | 548 | 668 |
Loans (Note 4) | 610,332 | 597,590 |
Allowance for Loan Losses (Note 5) | -13,208 | -16,209 |
Loans - Net | 597,124 | 581,381 |
Accrued interest receivable and other assets (Note 12) | 29,465 | 34,094 |
Other Real Estate Owned | 5,615 | 9,628 |
Bank Owned Life Insurance (Note 9) | 51,825 | 50,493 |
Premises and Equipment - Net (Note 6) | 28,632 | 28,213 |
Total assets | 1,278,657 | 1,222,682 |
Deposits: | ||
Non-interest bearing | 218,221 | 215,844 |
Interest-bearing (Note 7) | 893,590 | 853,874 |
Total deposits | 1,111,811 | 1,069,718 |
Federal Home Loan Bank advances (Note 8) | 0 | 12,000 |
Securities sold under repurchase agreements (Note 8) | 15,000 | 15,000 |
Interest payable and other liabilities (Note 9) | 17,310 | 15,356 |
Total liabilities | 1,144,121 | 1,112,074 |
Stockholders' Equity (Notes 10, 13 and 15) | ||
Common stock (no par value; 50,000,000 shares authorized, 22,718,077 and 20,605,493 shares issued and outstanding) | 23,037 | 14,671 |
Retained Earnings | 114,132 | 106,817 |
Unearned Compensation | 0 | -7 |
Accumulated other comprehensive loss | -2,633 | -10,873 |
Total stockholders' equity | 134,536 | 110,608 |
Total liabilities and stockholders' equity | $1,278,657 | $1,222,682 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets [Parenthetical] | Dec. 31, 2014 | Dec. 31, 2013 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Common stock, shares issued | 22,718,077 | 20,605,493 |
Common stock, shares outstanding | 22,718,077 | 20,605,493 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations and Comprehensive Income (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Interest Income | |||
Interest and fees on loans | $28,451 | $30,470 | $35,050 |
Interest on investment securities- | |||
Tax-exempt | 1,171 | 1,255 | 1,405 |
Taxable | 8,815 | 7,367 | 7,885 |
Interest on balances due from banks | 102 | 146 | 195 |
Total interest income | 38,539 | 39,238 | 44,535 |
Interest Expense | |||
Interest on deposits (Note 7) | 3,109 | 4,314 | 6,330 |
Interest on borrowed funds | 729 | 1,723 | 3,556 |
Total interest expense | 3,838 | 6,037 | 9,886 |
Net Interest Income | 34,701 | 33,201 | 34,649 |
Provision For Loan Losses (Note 5) | -500 | 2,200 | 7,350 |
Net Interest Income After Provision For (Recovery Of) Loan Losses | 35,201 | 31,001 | 27,299 |
Other Income | |||
Wealth management income | 4,749 | 4,351 | 4,028 |
Service charges and other fees | 3,979 | 4,325 | 4,564 |
Debit Card Income | 2,174 | 2,032 | 1,998 |
Net gain (loss) on sales of securities | -654 | 424 | 1,280 |
Net loss on other real estate owned | -946 | -1,442 | -1,078 |
Origination fees on mortgage loans sold | 378 | 702 | 902 |
Bank owned life insurance income | 1,416 | 1,466 | 1,458 |
Other real estate owned rent | 436 | 773 | 482 |
Other | 1,821 | 1,858 | 1,725 |
Total other income | 13,353 | 14,489 | 15,359 |
Other Expenses | |||
Salaries and employee benefits (Notes 9 and 15) | 23,238 | 21,520 | 20,313 |
Occupancy expense (Note 6) | 2,736 | 3,053 | 2,677 |
Equipment expense | 2,727 | 2,679 | 2,915 |
Marketing expense | 839 | 725 | 701 |
Professional fees | 2,132 | 1,965 | 2,263 |
Other real estate owned expense | 1,047 | 1,001 | 1,496 |
FDIC insurance premium | 1,949 | 2,773 | 2,744 |
Bonding and other insurance expense | 1,035 | 1,068 | 946 |
Telephone expense | 474 | 599 | 437 |
Other | 2,490 | 2,683 | 3,124 |
Total other expenses | 38,667 | 38,066 | 37,616 |
Income Before Provision For Income Taxes | 9,887 | 7,424 | 5,042 |
Provision For (Benefit From) Income Taxes (Note 12) | 2,572 | -18,113 | -3,503 |
Net Income | 7,315 | 25,537 | 8,545 |
Other Comprehensive Income (Loss), Net of Tax | |||
Unrealized gains (losses) on securities | 8,233 | -11,315 | 171 |
Reclassification adjustment for (gains) losses included in net income | 432 | -280 | -845 |
Postretirement benefit liability | -425 | 798 | -366 |
Total Other Comprehensive Income (Loss), net of tax | 8,240 | -10,797 | -1,040 |
Comprehensive Income | $15,555 | $14,740 | $7,505 |
Basic Earnings Per Common Share (Note 14) (in dollars per share) | $0.33 | $1.43 | $0.49 |
Diluted Earnings Per Common Share (Note 14) (in dollars per share) | $0.33 | $1.41 | $0.49 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Stockholders' Equity (USD $) | Total | Common Stock [Member] | Retained Earnings [Member] | Unearned Compensation [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
In Thousands, unless otherwise specified | |||||
Balance at Dec. 31, 2011 | $75,711 | $2,099 | $72,735 | ($87) | $964 |
Issuance of Common Stock | 243 | 243 | 0 | 0 | 0 |
Equity Compensation | 115 | 55 | 0 | 60 | 0 |
Comprehensive income: | |||||
Net income | 8,545 | 0 | 8,545 | 0 | 0 |
Other comprehensive loss - net of tax | -1,040 | 0 | 0 | 0 | -1,040 |
Balance at Dec. 31, 2012 | 83,574 | 2,397 | 81,280 | -27 | -76 |
SOSARs exercised | 19 | 19 | 0 | 0 | 0 |
Restricted stock units | 22 | 22 | 0 | 0 | 0 |
Other stock issued | 13,096 | 13,096 | 0 | 0 | 0 |
Stock Offering Expense | -1,013 | -1,013 | 0 | 0 | 0 |
Equity Compensation | 170 | 150 | 0 | 20 | 0 |
Comprehensive income: | |||||
Net income | 25,537 | 0 | 25,537 | 0 | 0 |
Other comprehensive loss - net of tax | -10,797 | 0 | 0 | 0 | -10,797 |
Balance at Dec. 31, 2013 | 110,608 | 14,671 | 106,817 | -7 | -10,873 |
SOSARs exercised | 1 | 1 | 0 | 0 | 0 |
Restricted stock awards | 0 | 29 | 0 | -29 | 0 |
Restricted stock units | 26 | 26 | 0 | 0 | 0 |
Other stock issued | 8,869 | 8,869 | 0 | 0 | 0 |
Stock Offering Expense | -754 | -754 | 0 | 0 | 0 |
Equity Compensation | 231 | 195 | 0 | 36 | 0 |
Comprehensive income: | |||||
Net income | 7,315 | 0 | 7,315 | 0 | 0 |
Other comprehensive loss - net of tax | 8,240 | 0 | 0 | 0 | 8,240 |
Balance at Dec. 31, 2014 | $134,536 | $23,037 | $114,132 | $0 | ($2,633) |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes in Stockholders' Equity [Parenthetical] | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Issuance of Common Stock (In shares) | 104,450 | ||
SOSARs exercised, (in shares) | 7,287 | 13,084 | |
Restricted stock awards (In shares) | 6,000 | ||
Restricted stock units (In shares) | 16,920 | 20,760 | |
Other stock issued (In Shares) | 2,082,377 | 3,175,470 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Cash Flows from Operating Activities | |||
Net Income | $7,315 | $25,537 | $8,545 |
Adjustments to reconcile net income (loss) to net cash from operating activities | |||
Provision for (recovery of) loan losses | -500 | 2,200 | 7,350 |
Depreciation | 1,656 | 1,819 | 1,964 |
(Increase) decrease in net deferred federal income tax asset | 2,503 | -18,155 | -5,000 |
Net amortization of investment premium and discount | 986 | 1,688 | 2,092 |
Writedowns on other real estate owned | 988 | 1,708 | 1,426 |
Net increase in interest payable and other liabilities | 1,311 | 2,569 | 1,057 |
Net (increase) decrease in interest receivable and other assets | -2,152 | -787 | 2,323 |
Equity based compensation expense | 258 | 151 | 185 |
Net (gain) loss on sale/settlement of securities | 654 | -424 | -1,280 |
Increase in cash surrender value of life insurance | -1,332 | -1,382 | -1,458 |
Net cash used for operating activities | 11,687 | 14,924 | 17,204 |
Cash Flows from Investing Activities | |||
Proceeds from maturities and redemptions of investment securities held to maturity | 8,823 | 20,652 | 13,576 |
Proceeds from maturities and redemptions of investment securities available for sale | 45,082 | 70,563 | 289,772 |
Proceeds from sales of investment securities available for sale | 122,579 | 81,875 | 53,034 |
Net (increase) decrease in loans | -18,154 | 22,036 | 29,978 |
Proceeds from sales of other real estate owned | 6,048 | 8,434 | 12,024 |
Proceeds from sales of other assets | 40 | 274 | 166 |
Purchase of investment securities held to maturity | -6,590 | -16,712 | -16,989 |
Purchase of investment securities available for sale | -231,324 | -172,459 | -383,516 |
Purchase of bank premises and equipment | -2,075 | -2,132 | -500 |
Net cash used for investing activities | -75,571 | 12,531 | -2,455 |
Cash Flows from Financing Activities | |||
Net increase in deposits | 42,093 | 20,888 | 26,520 |
Repayment of long term debt | 0 | -135 | 0 |
Repayment of Federal Home Loan Bank borrowings | -12,000 | -95,000 | 0 |
Repayment of repurchase agreements | 0 | 0 | -5,000 |
Issuance of common stock | 8,115 | 12,083 | 243 |
Net cash provided by financing activities | 38,208 | -62,164 | 21,763 |
Net Increase (Decrease) in Cash and Cash Equivalents | -25,676 | -34,709 | 36,512 |
Cash and Cash Equivalents at Beginning of Year (Note 1) | 77,798 | 112,507 | 75,995 |
Cash and Cash Equivalents at End of Year (Note 1) | 52,122 | 77,798 | 112,507 |
Supplemental Cash Flow Information | |||
Cash paid for interest | 3,880 | 6,211 | 10,010 |
Cash paid for federal income taxes | 69 | 0 | 69 |
Supplemental Schedule of Non Cash Investing Activities | |||
Transfer of loans to other real estate owned | 2,977 | 5,058 | 10,702 |
Transfer of loans to other assets | $54 | $127 | $145 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||||||||||
Dec. 31, 2014 | |||||||||||
Accounting Policies [Abstract] | |||||||||||
Basis of Presentation and Significant Accounting Policies [Text Block] | (1) Summary of Significant Accounting Policies | ||||||||||
The consolidated financial statements include the accounts of MBT Financial Corp. (the “Corporation”) and its wholly owned subsidiary, Monroe Bank & Trust (the “Bank”). The Bank includes the accounts of its wholly owned subsidiary, MB&T Financial Services, Inc. The Bank operates seventeen banking offices and a mortgage loan office in Monroe County, Michigan and seven banking offices in Wayne County, Michigan. The Bank’s primary source of revenue is from providing loans to customers, who are predominantly small and middle-market businesses and middle-income individuals. The Corporation’s sole business segment is community banking. | |||||||||||
The accounting and reporting policies of the Bank conform to practice within the banking industry and are in accordance with accounting principles generally accepted in the United States. Preparation of financial statements in conformity with generally accepted accounting principles requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near term are the determination of the allowance for loan losses, the fair value of investment securities, the valuation of other real estate owned, and the deferred tax asset. | |||||||||||
The significant accounting policies are as follows: | |||||||||||
PRINCIPLES OF CONSOLIDATION | |||||||||||
The consolidated financial statements include the accounts of the Corporation and its subsidiary. All material intercompany transactions and balances have been eliminated. Certain prior year amounts have been reclassified to conform to the current year presentation. | |||||||||||
SIGNIFICANT GROUP CONCENTRATIONS OF CREDIT RISK | |||||||||||
Most of the Corporation's activities are with customers located within southeast Michigan. Notes 3 and 4 discuss the types of securities and lending that the Corporation engages in. The Corporation does not have any significant concentrations in any one industry or to any one customer. | |||||||||||
INVESTMENT SECURITIES | |||||||||||
Investment securities that are classified as “held to maturity” are stated at cost, and adjusted for accumulated amortization of premium and accretion of discount. The Bank has the intention and, in Management’s opinion, the ability to hold these investment securities until maturity. Investment securities that are classified as “available for sale” are stated at estimated market value, with the related unrealized gains and losses reported as an amount, net of taxes, as a component of stockholders’ equity. The market value of securities is based on quoted market prices. For securities that do not have readily available market values, estimated market values are calculated based on the market values of comparable securities. | |||||||||||
Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Declines in the fair value of held-to-maturity and available-for-sale securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers the length of time and the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, and the intent and ability of the Corporation to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. | |||||||||||
Management evaluates securities for other-than-temporary impairment (“OTTI”) on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. When evaluating investment securities consideration is given to the length of time and the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, whether the market decline was affected by macroeconomic conditions and whether the Company has the intent to sell the debt security or more likely than not will be required to sell the debt security before its anticipated recovery. In analyzing an issuer’s financial condition, the Company may consider whether the securities are issued by the federal government or its agencies, or U.S. Government sponsored enterprises, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition. The assessment of whether an other-than-temporary decline exists involves a high degree of subjectivity and judgment and is based on the information available to management at a point in time. | |||||||||||
When OTTI occurs, the amount of the OTTI recognized in earnings depends on whether an entity intends to sell the security or it is more likely than not it will be required to sell the security before recovery of its amortized cost basis. If an entity intends to sell or it is more likely than not it will be required to sell the security before recovery of its amortized cost basis, the OTTI shall be recognized in earnings equal to the entire difference between the investment’s amortized cost basis and its fair value at the balance sheet date. The previous amortized cost basis less the OTTI recognized in earnings becomes the new amortized cost basis of the investment. If a security is determined to be other-than-temporarily impaired, but the entity does not intend to sell the security, only the credit portion of the estimated loss is recognized in earnings, with the other portion of the loss recognized in other comprehensive income. | |||||||||||
LOANS | |||||||||||
The Bank grants mortgage, commercial, and consumer loans to customers. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred fees or costs on originated loans. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. | |||||||||||
The accrual of interest on loans is discontinued at the time the loan is 90 days delinquent unless the credit is well secured and in the process of collection. In all cases, loans are placed on nonaccrual or charged off at an earlier date if principal or interest is considered doubtful. | |||||||||||
All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash basis or cost recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. | |||||||||||
FEDERAL HOME LOAN BANK STOCK | |||||||||||
The Bank is a member of the Federal Home Loan Bank of Indianapolis (FHLBI). Members are required to own a certain amount of stock based on the level of borrowings and other factors. Stock in the FHLBI is recorded at redemption value which approximates fair value. The Company periodically evaluates the FHLBI stock for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. | |||||||||||
LOANS HELD FOR SALE | |||||||||||
Loans held for sale consist of fixed rate residential mortgage loans with maturities of 15 to 30 years. Such loans are recorded at the lower of aggregate cost or estimated fair value. | |||||||||||
ALLOWANCE FOR LOAN LOSSES | |||||||||||
The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. | |||||||||||
The allowance for loan losses is evaluated on a regular basis by management and is based upon management's periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower's ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. | |||||||||||
The allowance consists of specific and general components. The specific component relates to loans that are classified as non-accrual or renegotiated. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and is based on historical loss experience, adjusted for qualitative factors. | |||||||||||
A loan is considered impaired when, based on current information and events, it is probable that the Corporation will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including length of the delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's obtainable market price, or the fair value of the collateral if the loan is collateral dependent. | |||||||||||
Troubled debt restructuring of loans is undertaken to improve the likelihood that the loan will be repaid in full under the modified terms in accordance with a reasonable repayment schedule. All modified loans are evaluated to determine whether the loans should be reported as Troubled Debt Restructurings (TDR). A loan is a TDR when the Bank, for economic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower by modifying a loan. To make this determination, the Bank must determine whether (a) the borrower is experiencing financial difficulties and (b) the Bank granted the borrower a concession. This determination requires consideration of all of the facts and circumstances surrounding the modification. An overall general decline in the economy or some deterioration in a borrower’s financial condition does not automatically mean the borrower is experiencing financial difficulties. | |||||||||||
Large groups of homogeneous loans are collectively evaluated for impairment. Accordingly, the Corporation does not separately identify individual consumer and residential loans for impairment disclosures. | |||||||||||
FORECLOSED ASSETS (INCLUDES OTHER REAL ESTATE OWNED) | |||||||||||
Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at the lower of fair value less costs to sell or the loan carrying amount at the date of the foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by Management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Expenses from operations and changes in the valuation allowance are included in net expenses from foreclosed assets. | |||||||||||
BANK PREMISES AND EQUIPMENT | |||||||||||
Bank premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are computed generally on the straight-line method over the estimated useful lives of the assets. Upon the sale or other disposition of assets, the cost and related accumulated depreciation are retired and the resulting gain or loss is recognized. Maintenance and repairs are charged to expense as incurred, while renewals and improvements are capitalized. Software costs related to externally developed systems are capitalized at cost less accumulated amortization. Amortization is computed on the straight-line method over the estimated useful life. | |||||||||||
BANK OWNED LIFE INSURANCE | |||||||||||
Bank owned life insurance policies are stated at the current cash surrender value of the policy, or the policy death proceeds less any obligation to provide a death benefit to an insured’s beneficiaries if that value is less than the cash surrender value. Increases in the asset value are recorded as earnings in other income. | |||||||||||
COMPREHENSIVE INCOME | |||||||||||
Accounting principles generally require that revenue, expenses, gains, and losses be included in net income. Certain changes in assets and liabilities, however, such as unrealized gains and losses on securities available for sale, and amounts recognized related to postretirement benefit plans (gains and losses, prior service costs, and transition assets or obligations), are reported as a direct adjustment to the equity section of the balance sheet. Such items, along with net income, are components of comprehensive income. | |||||||||||
The components of accumulated other comprehensive loss and related tax effects are as follows: | |||||||||||
Dollars in thousands | 2014 | 2013 | 2012 | ||||||||
Net unrealized gains (losses) on securities available for sale | $ | -1,722 | $ | -14,852 | $ | 2,717 | |||||
Post retirement benefit obligations | -2,267 | -1,624 | -2,832 | ||||||||
Tax effect | 1,356 | 5,603 | 39 | ||||||||
Accumulated other comprehensive loss | $ | -2,633 | $ | -10,873 | $ | -76 | |||||
CASH AND CASH EQUIVALENTS | |||||||||||
For the purpose of the consolidated statement of cash flows, cash and cash equivalents include cash and balances due from banks and federal funds sold which mature within 90 days. | |||||||||||
INCOME TAXES | |||||||||||
Deferred income tax assets and liabilities are determined using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is determined based on the tax effects of the various temporary differences between the book and tax bases of the various balance sheet assets and liabilities and gives current recognition to changes in tax rates and laws. | |||||||||||
STOCK-BASED COMPENSATION | |||||||||||
The amount of compensation is measured at the fair value of the awards when granted, and this cost is expensed over the required service period, which is normally the vesting period of the options. | |||||||||||
The weighted average fair value of options granted was $2.98, $1.43, and $1.11, in 2014, 2013, and 2012, respectively. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions used for grants in 2014, 2013, and 2012: expected option lives of seven years for all three; expected volatility of 60.11%, 62.09%, and 60.7%; risk-free interest rates of 2.27%, 1.25%, and 1.40%; and dividend yields of 0.00% for each year. | |||||||||||
OFF BALANCE SHEET INSTRUMENTS | |||||||||||
In the ordinary course of business, the Corporation has entered into commitments to extend credit, including commitments under credit card arrangements, commercial letters of credit and standby letters of credit. Such financial instruments are recorded when they are funded. Additional information regarding Off Balance Sheet Instruments is included in Note 17 in these Notes to Consolidated Financial Statements. | |||||||||||
FAIR VALUE | |||||||||||
The Corporation measures or monitors many of its assets and liabilities on a fair value basis. Fair value is used on a recurring basis for assets and liabilities that are elected to be accounted for under the Fair Value Option as well as for certain assets and liabilities in which fair value is the primary basis of accounting. Examples of these include derivative instruments and available for sale securities. Additionally, fair value is used on a non-recurring basis to evaluate assets or liabilities for impairment or for disclosure purposes. Examples of these non-recurring uses of fair value include certain loans held for sale accounted for on a lower of cost or market basis. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, the Corporation uses various valuation techniques and assumptions when estimating fair value. | |||||||||||
The Corporation applied the following fair value hierarchy: | |||||||||||
Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. The Corporation’s mutual fund investments where quoted prices are available in an active market generally are classified within Level 1 of the fair value hierarchy. | |||||||||||
Level 2 – Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. The Corporation’s borrowed funds and investments in U.S. government agency securities, government sponsored mortgage backed securities, and obligations of states and political subdivisions are generally classified in Level 2 of the fair value hierarchy. Fair values for these instruments are estimated using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. | |||||||||||
Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Private equity investments and trust preferred collateralized debt obligations are classified within Level 3 of the fair value hierarchy. Fair values are initially valued based on transaction price and are adjusted to reflect exit values. | |||||||||||
When determining the fair value measurements for assets and liabilities required or permitted to be recorded at and/or marked to fair value, the Corporation considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. When possible, the Corporation looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Corporation looks to market observable data for similar assets or liabilities. Nevertheless, certain assets and liabilities are not actively traded in observable markets and the Corporation must use alternative valuation techniques to derive a fair value measurement. | |||||||||||
RECENT ACCOUNTING PRONOUNCEMENTS | |||||||||||
The Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2014-09 (ASU 2014-09), “Revenue from Contracts with Customers (Topic 606)”. ASU 2014-09 adopts a standardized approach for revenue recognition and was a joint effort with the International Accounting Standards Board (IASB). The new revenue recognition standard is based on a core principle of recognizing revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 does not apply to financial instruments. ASU 2014-09 is effective for public entities for reporting periods beginning after December 15, 2016 (therefore, for the year ending December 31, 2017 for the Corporation). Early implementation is not allowed for public companies. Management is currently assessing the impact to the Corporation’s consolidated financial statements. | |||||||||||
Accounting Standards Update 2014-04 (ASU 2014-04), “Receivables – Troubled Debt Restructurings by Creditors – Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.” was issued in January 2014. ASU 2014-04 clarifies that an in substance foreclosure repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either: (a) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure; or (b) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additional disclosures are required. ASU 2014-04 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2014. The adoption of ASU 2014-04 by the Company is not expected to have a material effect on the consolidated financial statements. | |||||||||||
Cash_and_Due_from_Banks
Cash and Due from Banks | 12 Months Ended |
Dec. 31, 2014 | |
Cash and Cash Equivalents [Abstract] | |
Cash and Cash Equivalents Disclosure [Text Block] | (2) Cash and Due from Banks |
The Bank is required by regulatory agencies to maintain legal reserve requirements based on the level of balances in deposit categories. Cash balances restricted from usage due to these requirements were $4,374,000 and $4,364,000 at December 31, 2014 and 2013, respectively. Cash and due from banks includes uninsured deposits held at correspondent banks of $6,357,000 and $5,378,000 at December 31, 2014 and 2013, respectively. | |
Investment_Securities
Investment Securities | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | (3) Investment Securities | ||||||||||||||||||||
The following is a summary of the Bank’s investment securities portfolio as of December 31, 2014 and 2013 (000s omitted): | |||||||||||||||||||||
Held to Maturity | |||||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||
Amortized | Unrealized | Unrealized | Market | ||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||
Obligations of States and Political | |||||||||||||||||||||
Subdivisions | 32,113 | 1,287 | -69 | 33,331 | |||||||||||||||||
Corporate Debt Securities | 500 | - | - | 500 | |||||||||||||||||
$ | 32,613 | $ | 1,287 | $ | -69 | $ | 33,831 | ||||||||||||||
Held to Maturity | |||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||
Amortized | Unrealized | Unrealized | Market | ||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||
Obligations of States and Political | |||||||||||||||||||||
Subdivisions | 34,346 | 557 | -364 | 34,539 | |||||||||||||||||
Corporate Debt Securities | 500 | - | - | 500 | |||||||||||||||||
$ | 34,846 | $ | 557 | $ | -364 | $ | 35,039 | ||||||||||||||
Available for Sale | |||||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||
Amortized | Unrealized | Unrealized | Market | ||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||
Obligations of U.S. Government Agencies | $ | 343,703 | $ | 1,372 | $ | -3,027 | $ | 342,048 | |||||||||||||
Mortgage Backed Securities issued by U.S. Government Agencies | 105,890 | 406 | -890 | 105,406 | |||||||||||||||||
Obligations of States and Political Subdivisions | 19,286 | 377 | -82 | 19,581 | |||||||||||||||||
Corporate Debt Securities | 3,975 | 27 | - | 4,002 | |||||||||||||||||
Other Securities | 2,044 | 95 | - | 2,139 | |||||||||||||||||
$ | 474,898 | $ | 2,277 | $ | -3,999 | $ | 473,176 | ||||||||||||||
Available for Sale | |||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||
Amortized | Unrealized | Unrealized | Market | ||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||
Obligations of U.S. Government Agencies | $ | 277,383 | $ | 1,147 | $ | -11,817 | $ | 266,713 | |||||||||||||
Mortgage Backed Securities issued by U.S. Government Agencies | 97,168 | 995 | -1,637 | 96,526 | |||||||||||||||||
Obligations of States and Political Subdivisions | 15,197 | 289 | -123 | 15,363 | |||||||||||||||||
Trust Preferred CDO Securities | 9,509 | - | -3,758 | 5,751 | |||||||||||||||||
Corporate Debt Securities | 7,967 | 104 | - | 8,071 | |||||||||||||||||
Other Securities | 2,584 | 43 | -95 | 2,532 | |||||||||||||||||
$ | 409,808 | $ | 2,578 | $ | -17,430 | $ | 394,956 | ||||||||||||||
The amortized cost, estimated market value, and weighted average yield of securities at December 31, 2014, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties (000s omitted). | |||||||||||||||||||||
Held to Maturity | Available for Sale | ||||||||||||||||||||
Estimated | Weighted | Estimated | Weighted | ||||||||||||||||||
Amortized | Market | Average | Amortized | Market | Average | ||||||||||||||||
Cost | Value | Yield | Cost | Value | Yield | ||||||||||||||||
Maturing within | |||||||||||||||||||||
1 year | $ | 5,944 | $ | 5,967 | 1.61 | % | $ | 7,834 | $ | 7,872 | 1.96 | % | |||||||||
1 through 5 years | 13,187 | 13,475 | 2.51 | % | 115,782 | 114,759 | 1.61 | % | |||||||||||||
6 through 10 years | 10,617 | 11,146 | 3.73 | % | 230,364 | 230,136 | 2.07 | % | |||||||||||||
Over 10 years | 2,865 | 3,243 | 4.57 | % | 12,984 | 12,864 | 2.44 | % | |||||||||||||
Total | 32,613 | 33,831 | 2.92 | % | 366,964 | 365,631 | 1.94 | % | |||||||||||||
Mortgage Backed Securities | - | - | 0 | % | 105,890 | 105,406 | 2.75 | % | |||||||||||||
Securities with no stated maturity | - | - | 0 | % | 2,044 | 2,139 | 0 | % | |||||||||||||
Total | $ | 32,613 | $ | 33,831 | 2.92 | % | $ | 474,898 | $ | 473,176 | 2.11 | % | |||||||||
The investment securities portfolio is evaluated for impairment throughout the year. Impairment is recorded against individual securities, unless the decrease in fair value is attributable to interest rates or the lack of an active market, and management determines that the Company has the intent and ability to hold the investment for a period of time sufficient to allow for an anticipated recovery in the market value. The fair values of investments with an amortized cost in excess of their fair values at December 31, 2014 and December 31, 2013 are as follows (000s omitted): | |||||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||||
Gross | Gross | Gross | |||||||||||||||||||
Aggregate | Unrealized | Aggregate | Unrealized | Aggregate | Unrealized | ||||||||||||||||
Fair Value | Losses | Fair Value | Losses | Fair Value | Losses | ||||||||||||||||
Obligations of United States Government Agencies | $ | 47,695 | $ | 144 | $ | 159,650 | $ | 2,883 | $ | 207,345 | $ | 3,027 | |||||||||
Mortgage Backed Securities issued by U.S. Government Agencies | 32,756 | 175 | 40,556 | 715 | 73,312 | 890 | |||||||||||||||
Obligations of States and Political Subdivisions | 9,341 | 52 | 4,276 | 99 | 13,617 | 151 | |||||||||||||||
$ | 89,792 | $ | 371 | $ | 204,482 | $ | 3,697 | $ | 294,274 | $ | 4,068 | ||||||||||
December 31, 2013 | |||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||||
Aggregate | Gross | Aggregate | Gross | Aggregate | Gross | ||||||||||||||||
Fair Value | Unrealized | Fair Value | Unrealized | Fair Value | Unrealized | ||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||
Obligations of United States | |||||||||||||||||||||
Government Agencies | $ | 234,264 | $ | 10,828 | $ | 13,614 | $ | 989 | $ | 247,878 | $ | 11,817 | |||||||||
Mortgage Backed Securities issued by U.S. Government Agencies | 49,202 | 1,005 | 14,544 | 632 | 63,746 | 1,637 | |||||||||||||||
Obligations of States and | |||||||||||||||||||||
Political Subdivisions | 10,384 | 321 | 3,113 | 166 | 13,497 | 487 | |||||||||||||||
Trust Preferred CDO Securities | - | - | 5,751 | 3,758 | 5,751 | 3,758 | |||||||||||||||
Corporate Debt Securities | - | - | - | - | - | - | |||||||||||||||
Equity Securities | - | - | 445 | 95 | 445 | 95 | |||||||||||||||
$ | 293,850 | $ | 12,154 | $ | 37,467 | $ | 5,640 | $ | 331,317 | $ | 17,794 | ||||||||||
The amount of investment securities issued by government agencies, states, and political subdivisions with unrealized losses and the amount of unrealized losses on those investment securities are primarily the result of market interest rates and not the result of the credit quality of the issuers of the securities. The company has the ability and intent to hold these securities until recovery, which may be until maturity. The fair value of these securities is expected to recover as the securities approach maturity. As of December 31, 2014 and December 31, 2013, there were 116 and 175 securities in an unrealized loss position, respectively. | |||||||||||||||||||||
Investment securities carried at $111,151,000 and $107,950,000 were pledged or set aside to secure borrowings, public and trust deposits, and for other purposes required by law at December 31, 2014 and December 31, 2013, respectively. | |||||||||||||||||||||
At December 31, 2014, Obligations of U. S. Government Agencies included securities issued by the Federal Home Loan Banks with an estimated market value of $171,629,000 and securities issued by the Federal Farm Credit Banks with an estimated market value of $170,419,000. At December 31, 2014, Mortgage Backed Securities issued by U. S. Government Agencies included securities issued by the Government National Mortgage Association with an estimated market value of $105,406,000. At December 31, 2013, Obligations of U. S. Government Agencies included securities issued by the Federal Home Loan Banks with an estimated market value of $139,825,000 and securities issued by the Federal Farm Credit Banks with an estimated market value of $126,888,000. At December 31, 2013, Mortgage Backed Securities issued by U. S. Government Agencies included securities issued by the Government National Mortgage Association with an estimated market value of $96,526,000. | |||||||||||||||||||||
For the years ended December 31, 2014, 2013, and 2012, proceeds from sales of securities amounted to $122,579,000, $81,875,000, and $53,034,000, respectively. Gross realized gains amounted to $2,782,000, $823,000, and $1,546,000, respectively. Gross realized losses amounted to $3,436,000, $399,000, and $266,000, respectively. The tax provision (benefit) applicable to these net realized gains and losses amounted to ($222,000), $144,000, and $435,000, respectively. | |||||||||||||||||||||
The sales of securities available for sale resulted in a reclassifications of $654,000 ($432,000 net of tax) from accumulated other comprehensive loss to net loss on sales of securities in the consolidated statements of operations in the year ended December 31, 2014. The sales of securities available for sale resulted in a reclassifications of $424,000 ($280,000 net of tax) from accumulated other comprehensive income to net gain on sales of securities in the consolidated statements of operations in the years ended December 31, 2013. | |||||||||||||||||||||
Loans
Loans | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] | ||||||||
Accounts, Notes, Loans and Financing Receivable Disclosure [Text Block] | (4) Loans | |||||||
Loan balances outstanding as of December 31 consist of the following (000s omitted): | ||||||||
2014 | 2013 | |||||||
Residential real estate loans | $ | 223,701 | $ | 228,024 | ||||
Commercial and Construction real estate loans | 262,395 | 280,579 | ||||||
Agriculture and agricultural real estate loans | 16,700 | 14,997 | ||||||
Commercial and industrial loans | 62,761 | 59,440 | ||||||
Loans to individuals for household, family, and other personal expenditures | 44,775 | 14,550 | ||||||
Total loans, gross | $ | 610,332 | $ | 597,590 | ||||
Less: Allowance for loan losses | 13,208 | 16,209 | ||||||
$ | 597,124 | $ | 581,381 | |||||
Included in Loans are loans to certain officers, directors, and companies in which such officers and directors have 10 percent or more beneficial ownership in the aggregate amount of $2,813,000 and $3,436,000 at December 31, 2014 and 2013, respectively. In 2014, new loans and other additions amounted to $86,000, and repayments and other reductions amounted to $709,000. In 2013, new loans and other additions amounted to $414,000, and repayments and other reductions amounted to $3,433,000. In Management’s judgment, these loans were made on substantially the same terms and conditions as those made to other borrowers, and do not represent more than the normal risk of collectibility or present other unfavorable features. | ||||||||
No loans were pledged to secure debt or for any other purposes as of December 31, 2014 and December 31, 2013. | ||||||||
Allowance_For_Loan_Losses_and_
Allowance For Loan Losses and Credit Quality of Loans | 12 Months Ended | ||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||
Allowance For Loan Losses [Abstract] | |||||||||||||||||||||||
Allowance For Loan Losses [Text Block] | (5) Allowance For Loan Losses and Credit Quality of Loans | ||||||||||||||||||||||
The Company separates its loan portfolio into segments to perform the calculation and analysis of the allowance for loan losses. The six segments analyzed are Agriculture and Agricultural Real Estate, Commercial, Commercial Real Estate, Construction Real Estate, Residential Real Estate, and Consumer and Other. The Agriculture and Agricultural Real Estate segment includes all loans to finance agricultural production and all loans secured by agricultural real estate. This segment does not include loans to finance agriculture that are secured by residential real estate, which are included in the Residential Real Estate segment. The Commercial segment includes loans to finance commercial and industrial businesses that are not secured by real estate. The Commercial Real Estate segment includes loans secured by non-farm, non-residential real estate. The Construction Real Estate segment includes loans to finance construction and land development. This includes residential and commercial construction and land development. The Residential Real Estate segment includes all loans, other than construction loans, that are secured by single family and multi-family residential real estate properties. The Consumer and Other segment includes all loans not included in any other segment. These are primarily loans to consumers for household, family, and other personal expenditures, such as autos, boats, and recreational vehicles. | |||||||||||||||||||||||
Activity in the allowance for loan losses for the years ended December 31, 2014 and 2013 was as follows (000s omitted): | |||||||||||||||||||||||
Agriculture | |||||||||||||||||||||||
and | |||||||||||||||||||||||
Agricultural | Commercial | Construction | Residential | Consumer | |||||||||||||||||||
2014 | Real Estate | Commercial | Real Estate | Real Estate | Real Estate | and Other | Total | ||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||
Beginning Balance | $ | 171 | $ | 1,989 | $ | 7,030 | $ | 1,397 | $ | 4,606 | $ | 1,016 | $ | 16,209 | |||||||||
Charge-offs | -3 | -688 | -3,543 | -254 | -1,562 | -94 | -6,144 | ||||||||||||||||
Recoveries | 10 | 341 | 1,449 | 1,077 | 608 | 158 | 3,643 | ||||||||||||||||
Provision | 38 | -281 | 1,243 | -1,417 | -426 | 343 | -500 | ||||||||||||||||
Ending balance | $ | 216 | $ | 1,361 | $ | 6,179 | $ | 803 | $ | 3,226 | $ | 1,423 | $ | 13,208 | |||||||||
Ending balance individually evaluated for impairment | $ | 34 | $ | 554 | $ | 1,502 | $ | 671 | $ | 672 | $ | 222 | $ | 3,655 | |||||||||
Ending balance collectively evaluated for impairment | 182 | 807 | 4,677 | 132 | 2,554 | 1,201 | 9,553 | ||||||||||||||||
Ending balance | $ | 216 | $ | 1,361 | $ | 6,179 | $ | 803 | $ | 3,226 | $ | 1,423 | $ | 13,208 | |||||||||
Loans: | |||||||||||||||||||||||
Ending balance individually evaluated for impairment | $ | 917 | $ | 1,414 | $ | 19,013 | $ | 2,117 | $ | 11,675 | $ | 534 | $ | 35,670 | |||||||||
Ending balance collectively evaluated for impairment | 15,783 | 61,347 | 230,456 | 10,809 | 212,026 | 44,241 | 574,662 | ||||||||||||||||
Ending balance | $ | 16,700 | $ | 62,761 | $ | 249,469 | $ | 12,926 | $ | 223,701 | $ | 44,775 | $ | 610,332 | |||||||||
2013 | Agriculture | Commercial | Commercial | Construction | Residential | Consumer | Total | ||||||||||||||||
and | Real Estate | Real Estate | Real Estate | and Other | |||||||||||||||||||
Agricultural | |||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||
Beginning Balance | $ | 76 | $ | 2,224 | $ | 7,551 | $ | 2,401 | $ | 4,715 | $ | 332 | $ | 17,299 | |||||||||
Charge-offs | - | -928 | -2,920 | -103 | -1,391 | -282 | -5,624 | ||||||||||||||||
Recoveries | 5 | 349 | 811 | 352 | 661 | 156 | 2,334 | ||||||||||||||||
Provision | 90 | 344 | 1,588 | -1,253 | 621 | 810 | 2,200 | ||||||||||||||||
Ending balance | $ | 171 | $ | 1,989 | $ | 7,030 | $ | 1,397 | $ | 4,606 | $ | 1,016 | $ | 16,209 | |||||||||
Ending balance individually evaluated for impairment | $ | 1 | $ | 1,031 | $ | 2,697 | $ | 1,194 | $ | 1,809 | $ | 265 | $ | 6,997 | |||||||||
Ending balance collectively evaluated for impairment | 170 | 958 | 4,333 | 203 | 2,797 | 751 | 9,212 | ||||||||||||||||
Ending balance | $ | 171 | $ | 1,989 | $ | 7,030 | $ | 1,397 | $ | 4,606 | $ | 1,016 | $ | 16,209 | |||||||||
Loans: | |||||||||||||||||||||||
Ending balance individually evaluated for impairment | $ | 398 | $ | 2,409 | $ | 35,592 | $ | 4,780 | $ | 16,674 | $ | 618 | $ | 60,471 | |||||||||
Ending balance collectively evaluated for impairment | 14,599 | 57,031 | 230,320 | 9,887 | 211,350 | 13,932 | 537,119 | ||||||||||||||||
Ending balance | $ | 14,997 | $ | 59,440 | $ | 265,912 | $ | 14,667 | $ | 228,024 | $ | 14,550 | $ | 597,590 | |||||||||
Each period the provision for loan losses in the statement of operations results from the combination of an estimate by Management of loan losses that occurred during the current period and the ongoing adjustment of prior estimates of losses occurring in prior periods. | |||||||||||||||||||||||
The provision for loan losses increases the allowance for loan losses, a valuation account which appears on the consolidated balance sheets. As the specific customer and amount of a loan loss is confirmed by gathering additional information, taking collateral in full or partial settlement of the loan, bankruptcy of the borrower, etc., the loan is charged off, reducing the allowance for loan losses. If, subsequent to a charge off, the Bank is able to collect additional amounts from the customer or sell collateral worth more than earlier estimated, a recovery is recorded. | |||||||||||||||||||||||
To serve as a basis for making this provision, the Bank maintains an extensive credit risk monitoring process that considers several factors including: current economic conditions affecting the Bank’s customers, the payment performance of individual loans and pools of homogeneous loans, portfolio seasoning, changes in collateral values, and detailed reviews of specific loan relationships. | |||||||||||||||||||||||
The Company utilizes an internal loan grading system to assign a risk grade to all commercial loans and each credit relationship with more than $250,000 of aggregate credit exposure. Grades 1 through 4 are considered “pass” credits and grades 5 through 9 are considered “watch” credits and are subject to greater scrutiny. Loans with grades 6 and higher are considered substandard and most are evaluated for impairment. A description of the general characteristics of each grade is as follows: | |||||||||||||||||||||||
· | Grade 1 – Excellent – Loans secured by marketable collateral, with adequate margin, or supported by strong financial statements. Probability of serious financial deterioration is unlikely. Possess a sound repayment source and a secondary source. This classification will also include all loans secured by certificates of deposit or cash equivalents. | ||||||||||||||||||||||
· | Grade 2 – Satisfactory – Loans that have less than average risk and clearly demonstrate adequate debt service coverage. These loans may have some vulnerability, but are sufficiently strong to have minimal deterioration if adverse factors are encountered, and are expected to be fully collectable. | ||||||||||||||||||||||
· | Grade 3 – Average – Loans that have a reasonable amount of risk and may exhibit vulnerability to deterioration if adverse factors are encountered. These loans should demonstrate adequate debt service coverage but warrant a higher level of monitoring to ensure that weaknesses do not advance. | ||||||||||||||||||||||
· | Grade 4 – Pass/Watch – Loans that are considered “pass credits” yet appear on the “watch list”. Credit deficiency or potential weakness may include a lack of current or complete financial information. The level of risk is considered acceptable so long as the loan is given additional management supervision. | ||||||||||||||||||||||
· | Grade 5 – Watch – Loans that possess some credit deficiency or potential weakness that if not corrected, could increase risk in the future. The source of loan repayment is sufficient but may be considered inadequate by the Bank’s standards. | ||||||||||||||||||||||
· | Grade 6 – Substandard – Loans that exhibit one or more of the following characteristics: (1) uncertainty of repayment from primary source and financial deterioration currently underway; (2) inadequate current net worth and paying capacity of the obligor; (3) reliance on secondary source of repayment such as collateral liquidation or guarantees; (4) distinct possibility the Bank will sustain loss if deficiencies are not corrected; (5) unusual courses of action are needed to maintain probability of repayment; (6) insufficient cash flow to repay principal but continuing to pay interest; (7) the Bank is subordinated or unsecured due to flaws in documentation; (8) loans are restructured or are on nonaccrual status due to concessions to the borrower when compared to normal terms; (9) the Bank is contemplating foreclosure or legal action due to deterioration in the loan; or (10) there is deterioration in conditions and the borrower is highly vulnerable to these conditions. | ||||||||||||||||||||||
· | Grade 7 – Doubtful – Loans that exhibit one or more of the following characteristics: (1) loans with the weaknesses of Substandard loans and collection or liquidation is not probable to result in payment in full; (2) the primary source of repayment is gone and the quality of the secondary source is doubtful; or (3) the possibility of loss is high, but important pending factors may strengthen the loan. | ||||||||||||||||||||||
· | Grades 8 & 9 - Loss – Loans are considered uncollectible and of such little value that carrying them on the Bank’s financial statements is not feasible. | ||||||||||||||||||||||
The assessment of compensating factors may result in a rating plus or minus one grade from those listed above. These factors include, but are not limited to collateral, guarantors, environmental conditions, history, plan/projection reasonableness, quality of information, and payment delinquency. | |||||||||||||||||||||||
The portfolio segments in each credit risk grade as of December 31, 2014 and 2013 are as follows (000s omitted): | |||||||||||||||||||||||
2014 | Agriculture | Commercial | Commercial | Construction | Residential | Consumer | Total | ||||||||||||||||
and | Real Estate | Real Estate | Real Estate | and Other | |||||||||||||||||||
Agricultural | |||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||
Not Rated | $ | 122 | $ | 2,700 | $ | - | $ | 5,402 | $ | 138,355 | $ | 40,371 | $ | 186,950 | |||||||||
1 | - | 3,060 | - | - | - | 369 | 3,429 | ||||||||||||||||
2 | 330 | 287 | 830 | - | 132 | - | 1,579 | ||||||||||||||||
3 | 491 | 7,084 | 9,923 | - | 464 | - | 17,962 | ||||||||||||||||
4 | 13,458 | 41,441 | 176,685 | 4,357 | 58,902 | 3,260 | 298,103 | ||||||||||||||||
5 | 1,261 | 4,903 | 34,385 | 2,471 | 10,112 | 199 | 53,331 | ||||||||||||||||
6 | 1,038 | 3,286 | 27,646 | 696 | 15,736 | 576 | 48,978 | ||||||||||||||||
7 | - | - | - | - | - | - | - | ||||||||||||||||
8 | - | - | - | - | - | - | - | ||||||||||||||||
9 | - | - | - | - | - | - | - | ||||||||||||||||
Total | $ | 16,700 | $ | 62,761 | $ | 249,469 | $ | 12,926 | $ | 223,701 | $ | 44,775 | $ | 610,332 | |||||||||
Performing | $ | 15,702 | $ | 61,287 | $ | 231,461 | $ | 10,740 | $ | 211,143 | $ | 44,053 | $ | 574,386 | |||||||||
Nonperforming | 998 | 1,474 | 18,008 | 2,186 | 12,558 | 722 | 35,946 | ||||||||||||||||
Total | $ | 16,700 | $ | 62,761 | $ | 249,469 | $ | 12,926 | $ | 223,701 | $ | 44,775 | $ | 610,332 | |||||||||
2013 | Agriculture | Commercial | Commercial | Construction | Residential | Consumer | Total | ||||||||||||||||
and | Real Estate | Real Estate | Real Estate | and Other | |||||||||||||||||||
Agricultural | |||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||
Not Rated | $ | 144 | $ | 2,151 | $ | - | $ | 3,643 | $ | 141,102 | $ | 9,656 | $ | 156,696 | |||||||||
1 | - | 4,054 | - | - | - | 194 | 4,248 | ||||||||||||||||
2 | 31 | 153 | 931 | - | 142 | - | 1,257 | ||||||||||||||||
3 | 788 | 4,000 | 10,755 | 99 | 1,040 | - | 16,682 | ||||||||||||||||
4 | 12,304 | 34,130 | 172,592 | 4,825 | 53,047 | 3,743 | 280,641 | ||||||||||||||||
5 | 838 | 11,594 | 41,914 | 2,525 | 9,005 | 251 | 66,127 | ||||||||||||||||
6 | 892 | 3,358 | 39,720 | 3,575 | 23,688 | 706 | 71,939 | ||||||||||||||||
7 | - | - | - | - | - | - | - | ||||||||||||||||
8 | - | - | - | - | - | - | - | ||||||||||||||||
9 | - | - | - | - | - | - | - | ||||||||||||||||
Total | $ | 14,997 | $ | 59,440 | $ | 265,912 | $ | 14,667 | $ | 228,024 | $ | 14,550 | $ | 597,590 | |||||||||
Performing | $ | 14,428 | $ | 56,941 | $ | 235,531 | $ | 9,732 | $ | 211,149 | $ | 13,603 | $ | 541,384 | |||||||||
Nonperforming | 569 | 2,499 | 30,381 | 4,935 | 16,875 | 947 | 56,206 | ||||||||||||||||
Total | $ | 14,997 | $ | 59,440 | $ | 265,912 | $ | 14,667 | $ | 228,024 | $ | 14,550 | $ | 597,590 | |||||||||
Loans are considered past due when contractually required payment of interest or principal has not been received. The amount classified as past due is the entire principal balance outstanding of the loan, not just the amount of payments that are past due. The following is a summary of past due loans as of December 31, 2014 and 2013 (000s omitted): | |||||||||||||||||||||||
2014 | 30-59 Days | 60-89 Days | >90 Days | Total Past | Current | Total Loans | Recorded | ||||||||||||||||
Past Due | Past Due | Past Due | Due | Investment >90 | |||||||||||||||||||
Days Past Due | |||||||||||||||||||||||
and Accruing | |||||||||||||||||||||||
Agriculture and Agricultural Real Estate | $ | 449 | $ | - | $ | 80 | $ | 529 | $ | 16,171 | $ | 16,700 | $ | - | |||||||||
Commercial | 142 | 44 | 60 | 246 | 62,515 | 62,761 | 10 | ||||||||||||||||
Commercial Real Estate | 2,127 | 1,118 | 2,287 | 5,532 | 243,937 | 249,469 | - | ||||||||||||||||
Construction Real Estate | 334 | - | - | 334 | 12,592 | 12,926 | - | ||||||||||||||||
Residential Real Estate | 2,946 | 741 | 777 | 4,464 | 219,237 | 223,701 | - | ||||||||||||||||
Consumer and Other | 124 | 15 | 61 | 200 | 44,575 | 44,775 | - | ||||||||||||||||
Total | $ | 6,122 | $ | 1,918 | $ | 3,265 | $ | 11,305 | $ | 599,027 | $ | 610,332 | $ | 10 | |||||||||
2013 | 30-59 Days | 60-89 Days | >90 Days | Total Past | Current | Total Loans | Recorded | ||||||||||||||||
Past Due | Past Due | Past Due | Due | Investment | |||||||||||||||||||
>90 Days Past | |||||||||||||||||||||||
Due and | |||||||||||||||||||||||
Accruing | |||||||||||||||||||||||
Agriculture and Agricultural Real Estate | $ | 210 | $ | - | $ | 171 | $ | 381 | $ | 14,616 | $ | 14,997 | $ | - | |||||||||
Commercial | 87 | 93 | 210 | 390 | 59,050 | 59,440 | 46 | ||||||||||||||||
Commercial Real Estate | 1,640 | 535 | 3,506 | 5,681 | 260,231 | 265,912 | - | ||||||||||||||||
Construction Real Estate | 90 | 265 | 1,177 | 1,532 | 13,135 | 14,667 | - | ||||||||||||||||
Residential Real Estate | 2,612 | 803 | 2,342 | 5,757 | 222,267 | 228,024 | - | ||||||||||||||||
Consumer and Other | 150 | 52 | 153 | 355 | 14,195 | 14,550 | - | ||||||||||||||||
Total | $ | 4,789 | $ | 1,748 | $ | 7,559 | $ | 14,096 | $ | 583,494 | $ | 597,590 | $ | 46 | |||||||||
Loans are placed on non-accrual status when, in the opinion of Management, the collection of additional interest is doubtful. Loans are automatically placed on non-accrual status upon becoming ninety days past due, however, loans may be placed on non-accrual status regardless of whether or not they are past due. All cash received on non-accrual loans is applied to the principal balance. Loans are considered for return to accrual status on an individual basis when all principal and interest amounts contractually due are brought current and future payments are reasonably assured. | |||||||||||||||||||||||
The following is a summary of non-accrual loans as of December 31, 2014 and 2013 (000s omitted): | |||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||
Agriculture and Agricultural Real Estate | $ | 80 | $ | 172 | |||||||||||||||||||
Commercial | 315 | 1,035 | |||||||||||||||||||||
Commercial Real Estate | 6,287 | 13,289 | |||||||||||||||||||||
Construction Real Estate | 409 | 2,009 | |||||||||||||||||||||
Residential Real Estate | 5,760 | 6,865 | |||||||||||||||||||||
Consumer and Other | 189 | 340 | |||||||||||||||||||||
Total | $ | 13,040 | $ | 23,710 | |||||||||||||||||||
For loans deemed to be impaired due to an expectation that all contractual payments will probably not be received, impairment is measured by comparing the Bank’s recorded investment in the loan to the present value of expected cash flows discounted at the loan’s effective interest rate, the fair value of the collateral, or the loan’s observable market price. | |||||||||||||||||||||||
The following is a summary of impaired loans as of December 31, 2014 and 2013 (000s omitted): | |||||||||||||||||||||||
2014 | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||
Agriculture and Agricultural Real Estate | $ | 256 | $ | 256 | $ | - | $ | 258 | $ | 10 | |||||||||||||
Commercial | 363 | 412 | - | 491 | 21 | ||||||||||||||||||
Commercial Real Estate | 8,084 | 8,882 | - | 9,102 | 381 | ||||||||||||||||||
Construction Real Estate | 297 | 954 | - | 1,101 | 19 | ||||||||||||||||||
Residential Real Estate | 6,424 | 7,200 | - | 7,367 | 318 | ||||||||||||||||||
Consumer and Other | 3 | 3 | - | 5 | - | ||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||
Agriculture and Agricultural Real Estate | 661 | 661 | 34 | 691 | 37 | ||||||||||||||||||
Commercial | 1,051 | 1,062 | 554 | 1,118 | 54 | ||||||||||||||||||
Commercial Real Estate | 10,929 | 12,758 | 1,502 | 12,966 | 507 | ||||||||||||||||||
Construction Real Estate | 1,820 | 1,851 | 671 | 1,878 | 88 | ||||||||||||||||||
Residential Real Estate | 5,251 | 5,658 | 672 | 5,768 | 244 | ||||||||||||||||||
Consumer and Other | 531 | 529 | 222 | 569 | 27 | ||||||||||||||||||
Total: | |||||||||||||||||||||||
Agriculture and Agricultural Real Estate | $ | 917 | $ | 917 | $ | 34 | $ | 949 | $ | 47 | |||||||||||||
Commercial | 1,414 | 1,474 | 554 | 1,609 | 75 | ||||||||||||||||||
Commercial Real Estate | 19,013 | 21,640 | 1,502 | 22,068 | 888 | ||||||||||||||||||
Construction Real Estate | 2,117 | 2,805 | 671 | 2,979 | 107 | ||||||||||||||||||
Residential Real Estate | 11,675 | 12,858 | 672 | 13,135 | 562 | ||||||||||||||||||
Consumer and Other | 534 | 532 | 222 | 574 | 27 | ||||||||||||||||||
2013 | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||
Agriculture and Agricultural Real Estate | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||
Commercial | 869 | 966 | - | 1,057 | 51 | ||||||||||||||||||
Commercial Real Estate | 19,567 | 23,005 | - | 21,074 | 913 | ||||||||||||||||||
Construction Real Estate | 1,165 | 2,408 | - | 1,826 | 88 | ||||||||||||||||||
Residential Real Estate | 7,929 | 9,035 | - | 8,405 | 389 | ||||||||||||||||||
Consumer and Other | 33 | 36 | - | 35 | 3 | ||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||
Agriculture and Agricultural Real Estate | 398 | 397 | 1 | 642 | 33 | ||||||||||||||||||
Commercial | 1,540 | 1,627 | 1,031 | 1,653 | 69 | ||||||||||||||||||
Commercial Real Estate | 16,025 | 20,032 | 2,697 | 18,310 | 812 | ||||||||||||||||||
Construction Real Estate | 3,615 | 4,236 | 1,194 | 4,109 | 328 | ||||||||||||||||||
Residential Real Estate | 8,745 | 9,194 | 1,809 | 9,168 | 403 | ||||||||||||||||||
Consumer and Other | 585 | 581 | 265 | 596 | 23 | ||||||||||||||||||
Total: | |||||||||||||||||||||||
Agriculture and Agricultural Real Estate | $ | 398 | $ | 397 | $ | 1 | $ | 642 | $ | 33 | |||||||||||||
Commercial | 2,409 | 2,593 | 1,031 | 2,710 | 120 | ||||||||||||||||||
Commercial Real Estate | 35,592 | 43,037 | 2,697 | 39,384 | 1,725 | ||||||||||||||||||
Construction Real Estate | 4,780 | 6,644 | 1,194 | 5,935 | 416 | ||||||||||||||||||
Residential Real Estate | 16,674 | 18,229 | 1,809 | 17,573 | 792 | ||||||||||||||||||
Consumer and Other | 618 | 617 | 265 | 631 | 26 | ||||||||||||||||||
The Bank may agree to modify the terms of a loan in order to improve the Bank’s ability to collect amounts due. These modifications may include reduction of the interest rate, extension of the loan term, or in some cases, reduction of the principal balance. Modifications that are performed due to the debtor’s financial difficulties are considered Troubled Debt Restructurings (TDRs). | |||||||||||||||||||||||
Loans that were classified as TDRs during the years ended December 31, 2014 and December 31, 2013 are as follows (000s omitted from dollar amounts): | |||||||||||||||||||||||
December 31, 2014 | December 31, 2013 | ||||||||||||||||||||||
Number of | Pre | Post | Number of | Pre | Post | ||||||||||||||||||
Contracts | Modification | Modification | Contracts | Modification | Modification | ||||||||||||||||||
Recorded | Recorded | Recorded | Recorded | ||||||||||||||||||||
Principal | Principal | Principal | Principal | ||||||||||||||||||||
Balance | Balance | Balance | Balance | ||||||||||||||||||||
Agriculture and Agricultural Real Estate | 1 | $ | 314 | $ | 313 | - | $ | - | $ | - | |||||||||||||
Commercial | 4 | 295 | 53 | 16 | 2,635 | 689 | |||||||||||||||||
Commercial Real Estate | 6 | 1,990 | 1,496 | 11 | 2,534 | 1,626 | |||||||||||||||||
Construction Real Estate | 3 | 43 | 22 | - | - | - | |||||||||||||||||
Residential Real Estate | 17 | 1,118 | 749 | 32 | 3,042 | 2,205 | |||||||||||||||||
Consumer and Other | 2 | 21 | 20 | 7 | 540 | 295 | |||||||||||||||||
Total | 33 | $ | 3,781 | $ | 2,653 | 66 | $ | 8,751 | $ | 4,815 | |||||||||||||
The Bank considers TDRs that become past due under the modified terms as defaulted. Loans that became TDRs during the years ended December 31, 2014 and December 31, 2013 that subsequently defaulted during the years ended December 31, 2014 and December 31, 2013, respectively, are as follows (000s omitted from dollar amounts): | |||||||||||||||||||||||
December 31, 2014 | December 31, 2013 | ||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | ||||||||||||||||||||
Contracts | Principal | Contracts | Principal | ||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||
Agriculture and Agricultural Real Estate | - | $ | - | - | $ | - | |||||||||||||||||
Commercial | - | - | 2 | 12 | |||||||||||||||||||
Commercial Real Estate | - | - | - | - | |||||||||||||||||||
Construction Real Estate | - | - | - | - | |||||||||||||||||||
Residential Real Estate | 1 | 114 | 2 | 33 | |||||||||||||||||||
Consumer and Other | - | - | - | - | |||||||||||||||||||
Total | 1 | $ | 114 | 4 | $ | 45 | |||||||||||||||||
A modification of a loan constitutes a TDR when a borrower is experiencing financial difficulty and the modification constitutes a concession. The Corporation offers various types of concessions when modifying a loan, however, forgiveness of principal is rarely granted. Commercial loans modified in a TDR often involve temporary interest-only payments, term extensions, and converting revolving credit lines to term loans. Additional collateral, a co-borrower, or a guarantor may be requested. Loans modified in a TDR are typically already on nonaccrual status and partial charge-offs have in some cases already been taken against the outstanding loan balance. As a result, loans modified in a TDR for the Corporation may have the financial effect of increasing the specific allowance associated with the loan. The allowance for impaired loans that have been modified in a TDR is measured based on the estimated fair value of the collateral, less any selling costs, if the loan is collateral dependent or on the present value of expected future cash flows discounted at the loan’s effective interest rate. Management exercises significant judgment in developing these estimates. | |||||||||||||||||||||||
The regulatory guidance requires loans to be accounted for as collateral-dependent loans when borrowers have filed Chapter 7 bankruptcy, the debt has been discharged and the borrower has not reaffirmed the debt, regardless of the delinquency status of the loan. The filing of bankruptcy by the borrower is evidence of financial difficulty and the discharge of the obligation by the bankruptcy court is deemed to be a concession granted to the borrower. | |||||||||||||||||||||||
At December 31, 2014 the Corporation had no commitments to lend additional funds to the related debtors whose terms have been modified in a TDR. | |||||||||||||||||||||||
Bank_Premises_and_Equipment
Bank Premises and Equipment | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Property, Plant and Equipment [Abstract] | ||||||||
Property, Plant and Equipment Disclosure [Text Block] | (6) Bank Premises and Equipment | |||||||
Bank premises and equipment as of year-end are as follows (000s omitted): | ||||||||
2014 | 2013 | |||||||
Land, buildings and improvements | $ | 46,774 | $ | 45,955 | ||||
Equipment, furniture and fixtures | 23,944 | 22,705 | ||||||
Total Bank premises and equipment | $ | 70,718 | $ | 68,660 | ||||
Less accumulated depreciation | 42,086 | 40,447 | ||||||
Bank premises and equipment, net | $ | 28,632 | $ | 28,213 | ||||
Bank Premises and Equipment includes Construction in Progress of $245,000 as of December 31, 2014 and $1,772,000 as of December 31, 2013. The projects in progress will be completed in 2015. The estimated cost to complete all projects in process as of December 31, 2014 is $878,000. | ||||||||
The Company has entered into lease commitments for office and ATM locations. Rental expense charged to operations was $190,000, $231,000, and $203,000 for the years ended December 31, 2014, 2013, and 2012, respectively. The future minimum lease payments are as follows: | ||||||||
Year | Minimum | |||||||
Payment | ||||||||
2015 | $ | 176,000 | ||||||
2016 | 161,000 | |||||||
2017 | 73,000 | |||||||
2018 | 28,000 | |||||||
2019 | 21,000 | |||||||
Thereafter | 34,000 | |||||||
Deposits
Deposits | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Banking and Thrift [Abstract] | ||||||||
Deposit Liabilities Disclosures [Text Block] | (7) Deposits | |||||||
Interest expense on time certificates of deposit of $100,000 or more in the year 2014 amounted to $927,000, as compared with $1,324,000 in 2013, and $1,839,000 in 2012. At December 31, 2014, the balance of time certificates of deposit of $100,000 or more was $74,354,000, as compared with $82,595,000 at December 31, 2013. The amount of time deposits with a remaining term of more than 1 year was $97,834,000 at December 31, 2014 and $106,377,000 at December 31, 2013. The following table shows the scheduled maturities of Certificates of Deposit as of December 31, 2014 (000s omitted): | ||||||||
Under | $100,000 and | |||||||
$100,000 | over | |||||||
2015 | $ | 67,490 | $ | 40,456 | ||||
2016 | 30,463 | 13,213 | ||||||
2017 | 19,082 | 7,045 | ||||||
2018 | 6,691 | 5,001 | ||||||
2019 | 7,700 | 8,639 | ||||||
Thereafter | - | - | ||||||
Total | $ | 131,426 | $ | 74,354 | ||||
Time certificates of deposit under $100,000 include $8,675,000 of brokered certificates of deposit as of December 31, 2014, and $8,655,000 as of December 31, 2013. The Bank did not have any brokered certificates of deposit over $100,000 as of December 31, 2014 and December 31, 2013. | ||||||||
The aggregate amount of certificates of deposit that meet or exceed the $250,000 FDIC insurance limit was $21,176,000 and $21,316,000 as of December 31, 2014 and 2013, respectively. | ||||||||
Federal_Home_Loan_Bank_Advance
Federal Home Loan Bank Advances and Repurchase Agreements | 12 Months Ended |
Dec. 31, 2014 | |
Banking and Thrift [Abstract] | |
Federal Home Loan Bank Advances, Disclosure [Text Block] | (8) Federal Home Loan Bank Advances and Repurchase Agreements |
The Bank did not have any borrowings from the Federal Home Loan Bank of Indianapolis as of December 31, 2014. The Bank had one advance outstanding with the Federal Home Loan Bank of Indianapolis as of December 31, 2013.The amount of the advance was $12,000,000 and the advance matured on June 17, 2014. The advance had a floating rate of interest that reset quarterly based on the three month LIBOR rate plus 16 basis points. The advance was subject to prepayment penalties and the provisions and conditions of the credit policy of the Federal Home Loan Bank of Indianapolis. | |
The Bank maintains an overdraft line of credit with the Federal Home Loan Bank of Indianapolis. The amount outstanding on the line of credit was $0 as of December 31, 2014 and 2013. The amount of credit available was $20,000,000 as of December 31, 2014 and December 31, 2013. The interest rate on the line of credit is equal to the variable advance rate and is only charged on amounts advanced. The variable advance rate was 0.50% on December 31, 2014 and December 31, 2013. | |
As of December 31, 2014 investment securities totaling $26,410,000 were pledged to secure the Federal Home Loan Bank line of credit. As of December 31, 2013 investment securities totaling $39,520,000 were pledged to secure the Federal Home Loan Bank advance and the line of credit. | |
The Bank had one borrowing under a Repurchase Agreement as of December 31, 2014 and 2013. The amount of the borrowing was $15,000,000 as of December 31, 2014 and December 31, 2013. The Repurchase Agreement has a fixed interest rate of 4.65% and is scheduled to mature on June 8, 2016. The Repurchase Agreement is subject to a prepayment penalty. | |
Investment securities issued by U.S. Government agencies with a carrying value of $21,692,000 and $21,521,000 were pledged to secure the Repurchase Agreement borrowing at December 31, 2014 and December 31, 2013, respectively. | |
Retirement_Plans_and_Postretir
Retirement Plans and Postretirement Benefit Plans | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ||||||||||||||
Compensation and Employee Benefit Plans [Text Block] | (9) Retirement Plans and Postretirement Benefit Plans | |||||||||||||
In 2000, the Bank implemented a retirement plan that included both a money purchase pension plan, as well as a voluntary profit sharing 401(k) plan for all employees who meet certain age and length of service eligibility requirements. In 2002, the Bank amended its retirement plan to freeze the money purchase plan and retain the 401(k) plan. To ensure that the plan meets the Safe Harbor provisions of the applicable sections of the Internal Revenue Code, the Bank contributes an amount equal to 4% of the employee’s base salary to the 401(k) plan for all eligible employees who contribute at least 5% of their salary. In addition, an employee may contribute from 1 to 75 percent of his or her base salary, up to a maximum of $24,000 in 2014. In 2014, 2013, and 2012 the Bank made a matching contribution of 100% on the first 3% of employee deferrals and 50% on the next 2% of deferrals. Depending on the Bank’s profitability, an additional profit sharing contribution may be made by the Bank to the 401(k) plan. There were no profit sharing contributions in 2014, 2013, and 2012. The total retirement plan expense was $558,000, for the year ended December 31, 2014, $515,000 for the year ended December 31, 2013, and $474,000 for the year ended December 31, 2012. | ||||||||||||||
The Bank has a postretirement benefit plan that generally provides for the continuation of medical benefits for all employees hired before January 1, 2007 who retire from the Bank at age 55 or older, upon meeting certain length of service eligibility requirements. The Bank does not fund its postretirement benefit obligation. Rather, payments are made as costs are incurred by covered retirees. The amount of benefits paid under the postretirement benefit plan was $201,000 in 2014, $206,000 in 2013, and $177,000 in 2012. The amount of insurance premium paid by the Bank for retirees is capped at 200% of the cost of the premium as of December 31, 1992. | ||||||||||||||
A reconciliation of the accumulated postretirement benefit obligation (“APBO”) to the amounts recorded in the consolidated balance sheets in Interest Payable and Other Liabilities at December 31 is as follows (000s omitted): | ||||||||||||||
2014 | 2013 | |||||||||||||
APBO | $ | 3,865 | $ | 2,781 | ||||||||||
Unrecognized net transition obligation | - | - | ||||||||||||
Unrecognized prior service costs | - | -2 | ||||||||||||
Unrecognized net gain (loss) | -780 | 143 | ||||||||||||
Accrued benefit cost at fiscal year end | $ | 3,085 | $ | 2,922 | ||||||||||
The changes recorded in the accumulated postretirement benefit obligation were as follows (000s omitted): | ||||||||||||||
2014 | 2013 | |||||||||||||
APBO at beginning of year | $ | 2,781 | $ | 3,074 | ||||||||||
Service cost | 135 | 134 | ||||||||||||
Interest cost | 144 | 106 | ||||||||||||
Actuarial loss (gain) | 925 | -428 | ||||||||||||
Plan participants' contributions | 81 | 101 | ||||||||||||
Benefits paid during year | -201 | -206 | ||||||||||||
APBO at end of year | $ | 3,865 | $ | 2,781 | ||||||||||
Components of the Bank’s postretirement benefit expense were as follows: | ||||||||||||||
2014 | 2013 | 2012 | ||||||||||||
Service cost | $ | 135 | $ | 134 | $ | 109 | ||||||||
Interest cost | 144 | 106 | 109 | |||||||||||
Amortization of transition obligation | - | - | 54 | |||||||||||
Prior service costs | 2 | 4 | 4 | |||||||||||
Amortization of gains | 1 | - | - | |||||||||||
Net postretirement benefit expense | $ | 282 | $ | 244 | $ | 276 | ||||||||
The APBO as of December 31, 2014 and 2013 was calculated using assumed discount rates of 3.75% and 4.50%, respectively. Based on the provisions of the plan, the Bank’s expense is capped at 200% of the 1992 expense, with all expenses above the cap incurred by the retiree. The expense reached the cap in 2004, and accordingly the impact of an increase in health care costs on the APBO was not calculated. | ||||||||||||||
The Bank Owned Life Insurance policies fund a Death Benefit Only (DBO) obligation that the Bank has with 6 of its active directors, 5 retired directors, 11 active executives, and 11 retired executives. The DBO plan, which replaced previous split dollar agreements, provides a taxable death benefit. The benefit for directors is grossed up to provide a net benefit to each director’s beneficiaries based on that director’s length of service on the board. The directors’ net death benefits are $500,000 for director service of less than 3 years, $600,000 for service up to 5 years, $750,000 for service up to 10 years, and $1,000,000 for director service of 10 years or more. The active directors who participate in the plan have all waived the postretirement benefit. The executives’ beneficiaries will receive a grossed up benefit that will provide a net benefit equal to two times the executive’s base salary if death occurs during employment and a postretirement benefit equal to the executive’s final annual salary rate at the time of retirement if death occurs after retirement. | ||||||||||||||
Information for the postretirement death benefits and health care benefits is as follows as of the December 31 measurement date (000s): | ||||||||||||||
Postretirement Death Benefit | Postretirement Health Care | |||||||||||||
Obligations | Benefits | |||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||
Change in benefit obligation | ||||||||||||||
Benefit obligation at beginning of year | $ | 5,741 | 6,087 | $ | 2,781 | $ | 3,074 | |||||||
Service cost | 16 | 21 | 135 | 134 | ||||||||||
Interest cost | 252 | 223 | 144 | 106 | ||||||||||
Plan participants' contributions | - | - | 81 | 101 | ||||||||||
Actuarial loss (gain) | -117 | -590 | 925 | -428 | ||||||||||
Benefits paid | - | - | -201 | -206 | ||||||||||
Benefit obligation at end of year | $ | 5,892 | $ | 5,741 | $ | 3,865 | $ | 2,781 | ||||||
Change in accrued benefit cost | ||||||||||||||
Accrued benefit cost at beginning of year | $ | 3,976 | $ | 3,545 | $ | 2,922 | $ | 2,783 | ||||||
Service cost | 16 | 21 | 135 | 134 | ||||||||||
Interest cost | 252 | 223 | 144 | 106 | ||||||||||
Amortization | 161 | 187 | 3 | 4 | ||||||||||
Employer contributions | - | - | -120 | -105 | ||||||||||
Net gain | - | - | 1 | - | ||||||||||
Accrued benefit cost at end of year | $ | 4,405 | $ | 3,976 | $ | 3,085 | $ | 2,922 | ||||||
Change in plan assets | ||||||||||||||
Fair value of plan assets at beginning of year | $ | - | $ | - | $ | - | $ | - | ||||||
Employer contributions | - | - | 120 | 105 | ||||||||||
Plan participants' contributions | - | - | 81 | 101 | ||||||||||
Benefits paid during year | - | - | -201 | -206 | ||||||||||
Fair value of plan assets at end of year | $ | - | $ | - | $ | - | $ | - | ||||||
Funded status at end of year | $ | -5,892 | $ | -5,741 | $ | -3,865 | $ | -2,781 | ||||||
Amounts recognized in other liabilities as of December 31 consist of (000s): | ||||||||||||||
Postretirement Death Benefit | Postretirement Health Care | |||||||||||||
Obligations | Benefits | |||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||
Assets | $ | - | - | $ | - | $ | - | |||||||
Liabilities | 5,892 | 5,741 | 3,865 | 2,781 | ||||||||||
Total | $ | 5,892 | $ | 5,741 | $ | 3,865 | $ | 2,781 | ||||||
Amounts recognized in accumulated other comprehensive income as of December 31 consist of (000s): | ||||||||||||||
Postretirement Death Benefit | Postretirement Health Care | |||||||||||||
Obligations | Benefits | |||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||
Net loss (gain) | $ | -150 | -33 | $ | 780 | $ | -143 | |||||||
Transition obligation (asset) | - | - | - | - | ||||||||||
Prior service cost (credit) | 1,637 | 1,798 | - | 2 | ||||||||||
Total included in AOCI | $ | 1,487 | $ | 1,765 | $ | 780 | $ | -141 | ||||||
The projected payments under each postretirement plan for the next 10 years are as follows: | ||||||||||||||
Year | Postretirement Death | Postretirement Health | ||||||||||||
Benefit Obligations | Care Benefits | |||||||||||||
2015 | $ | 217,000 | $ | 105,000 | ||||||||||
2016 | 228,000 | 121,000 | ||||||||||||
2017 | 238,000 | 133,000 | ||||||||||||
2018 | 247,000 | 155,000 | ||||||||||||
2019 | 257,000 | 169,000 | ||||||||||||
2020 - 2024 | 1,468,000 | 1,033,000 | ||||||||||||
Stockholders_Equity
Stockholders' Equity | 12 Months Ended |
Dec. 31, 2014 | |
Stockholders' Equity Note [Abstract] | |
Stockholders' Equity Note Disclosure [Text Block] | (10) Stockholders’ Equity |
On March 3, 2014, the Company completed a private placement offering of 647,059 shares of its no par value common stock. The shares of common stock sold were not registered under the Securities Act of 1933 (the “Act”) in reliance of the exemption from registration provided by Section 4(2) of the Act and Rule 506 of SEC Regulation D. The 647,059 shares were sold for an aggregate purchase price of $2,750,000. | |
On May 2, 2014, the Company completed a rights offering of 1,411,765 shares of its no par value common stock. The shares of common stock sold were registered under the Securities Act of 1933 (the “Act”) under the Company’s registration statement on Form S-1 that was effective March 10, 2014. The 1,411,765 shares were sold for an aggregate purchase price of $6,000,000. | |
During 2014, the Company issued 23,533 shares of its no par value common stock to its Employee Stock Purchase Plan and for retirement and years of service awards. The aggregate value of these shares was $119,000. | |
On March 15, 2013, the Company completed a private placement offering of 500,000 shares of its no par value common stock. The shares of common stock sold were not registered under the Securities Act of 1933 (the “Act”) in reliance of the exemption from registration provided by Section 4(2) of the Act and Rule 506 of SEC Regulation D. The 500,000 shares were sold for an aggregate purchase price of $1,736,000. | |
On December 23, 2013, the Company completed a private placement offering of 2,647,059 shares of its no par value common stock. The shares of common stock sold were not registered under the Securities Act of 1933 (the “Act”) in reliance of the exemption from registration provided by Section 4(2) of the Act and Rule 506 of SEC Regulation D. The 2,647,059 shares were sold for an aggregate purchase price of $11,250,000. | |
During 2013, the Company issued 28,411 shares of its no par value common stock to its Employee Stock Purchase Plan and for retirement and years of service awards. The aggregate value of these shares was $113,000. | |
Disclosures_about_Fair_Value_o
Disclosures about Fair Value of Financial Instruments | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||
Fair Value By Asset Grouping Disclosure [Text Block] | (11) Disclosures about Fair Value of Financial Instruments | ||||||||||||||||
Certain of the Bank’s assets and liabilities are financial instruments that have fair values that differ from their carrying values in the accompanying consolidated balance sheets. These fair values, along with the methods and assumptions used to estimate such fair values, are discussed below. The fair values of all financial instruments not discussed below are estimated to be equal to their carrying amounts as of December 31, 2014 and 2013. | |||||||||||||||||
CASH AND CASH EQUIVALENTS | |||||||||||||||||
The carrying amounts of cash and cash equivalents approximate fair values. | |||||||||||||||||
INVESTMENT SECURITIES | |||||||||||||||||
Fair value for the Bank’s investment securities was determined using the market value in active markets, where available. When not available, fair values are estimated using the fair value hierarchy. In the fair value hierarchy, Level 2 fair values are determined using observable inputs other than Level 1 market prices, such as quoted prices for similar assets. Level 3 values are determined using unobservable inputs, such as discounted cash flow projections. These estimated market values are disclosed in Note 3 and the required fair value disclosures are in Note 19. The carrying value of Federal Home Loan Bank of Indianapolis stock approximates fair value based on the redemption provisions of the issuer. | |||||||||||||||||
LOANS AND LOANS HELD FOR SALE | |||||||||||||||||
Loans Held for Sale consists of fixed rate mortgage loans originated by the Bank. The fair value of Loans Held for Sale is the estimated value the Bank will receive upon sale of the loan. The fair value of all other loans is estimated by discounting the future cash flows associated with the loans, using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. | |||||||||||||||||
DEPOSIT LIABILITIES | |||||||||||||||||
The fair values for demand deposits are, by definition, equal to the amount payable on demand at the reporting date (i.e. the carrying amounts). The carrying amounts of variable rate certificates of deposit approximate their fair values at the reporting date. Fair values of fixed rate, fixed maturity, certificates of deposit is estimated by discounting the related cash flows using the rates currently offered for deposits of similar remaining maturities. | |||||||||||||||||
FHLB ADVANCES AND SECURITIES SOLD UNDER REPURCHASE AGREEMENTS | |||||||||||||||||
The estimated fair value of the Federal Home Loan Bank advances and Securities Sold under Repurchase Agreements is estimated by discounting the related cash flows using the rates currently available for similarly structured borrowings with similar maturities. | |||||||||||||||||
ACCRUED INTEREST | |||||||||||||||||
The carrying amounts of accrued interest approximate fair value. | |||||||||||||||||
OFF-BALANCE-SHEET FINANCIAL INSTRUMENTS | |||||||||||||||||
The fair values of commitments to extend credit and standby letters of credit and financial guarantees written are estimated using the fees currently charged to engage into similar agreements. The fair values of these instruments are not significant. | |||||||||||||||||
FAIR VALUES | |||||||||||||||||
The carrying amounts and approximate fair values as of December 31, 2014 and December 31, 2013 are as follows (000s omitted): | |||||||||||||||||
Total | |||||||||||||||||
Carrying | Estimated | ||||||||||||||||
December 31, 2014 | Value | Level 1 | Level 2 | Level 3 | Fair Value | ||||||||||||
Financial Assets: | |||||||||||||||||
Cash and due from banks | $ | 52,122 | $ | 52,122 | $ | - | $ | - | $ | 52,122 | |||||||
Securities - Held to Maturity | |||||||||||||||||
Obligations of States and Political Subdivisions | 32,113 | - | 33,331 | - | 33,331 | ||||||||||||
Corporate Debt Securities | 500 | - | 500 | - | 500 | ||||||||||||
Securities - Available for Sale | |||||||||||||||||
Obligations of U.S. Government Agencies | 342,048 | - | 342,048 | - | 342,048 | ||||||||||||
MBS issued by U.S. Government Agencies | 105,406 | - | 105,406 | - | 105,406 | ||||||||||||
Obligations of States and Political Subdivisions | 19,581 | - | 19,581 | - | 19,581 | ||||||||||||
Corporate Debt Securities | 4,002 | - | 4,002 | - | 4,002 | ||||||||||||
Other Securities | 2,139 | 2,139 | - | - | 2,139 | ||||||||||||
Federal Home Loan Bank Stock | 7,537 | - | 7,537 | - | 7,537 | ||||||||||||
Loans Held for Sale | 548 | - | - | 560 | 560 | ||||||||||||
Loans, net | 597,124 | - | - | 608,109 | 608,109 | ||||||||||||
Accrued Interest Receivable | 3,943 | - | - | 3,943 | 3,943 | ||||||||||||
Financial Liabilities: | |||||||||||||||||
Noninterest Bearing Deposits | 218,221 | 218,221 | - | - | 218,221 | ||||||||||||
Interest Bearings Deposits | 893,590 | - | 895,522 | - | 895,522 | ||||||||||||
Repurchase Agreements | 15,000 | - | 15,828 | - | 15,828 | ||||||||||||
Accrued Interest Payable | 137 | - | - | 137 | 137 | ||||||||||||
Total | |||||||||||||||||
Carrying | Estimated | ||||||||||||||||
December 31, 2013 | Value | Level 1 | Level 2 | Level 3 | Fair Value | ||||||||||||
Financial Assets: | |||||||||||||||||
Cash and due from banks | $ | 77,798 | $ | 77,798 | $ | - | $ | - | $ | 77,798 | |||||||
Securities - Held to Maturity | |||||||||||||||||
Obligations of States and Political Subdivisions | 34,346 | - | 34,539 | - | 34,539 | ||||||||||||
Corporate Debt Securities | 500 | - | 500 | - | 500 | ||||||||||||
Securities - Available for Sale | |||||||||||||||||
Obligations of U.S. Government Agencies | 266,713 | - | 266,713 | - | 266,713 | ||||||||||||
MBS issued by U.S. Government Agencies | 96,526 | - | 96,526 | - | 96,526 | ||||||||||||
Obligations of States and Political Subdivisions | 15,363 | - | 15,363 | - | 15,363 | ||||||||||||
Trust Preferred CDO Securities | 5,751 | - | - | 5,751 | 5,751 | ||||||||||||
Corporate Debt Securities | 8,071 | - | 8,071 | - | 8,071 | ||||||||||||
Other Securities | 2,532 | 2,087 | 445 | - | 2,532 | ||||||||||||
Federal Home Loan Bank Stock | 10,605 | - | 10,605 | - | 10,605 | ||||||||||||
Loans Held for Sale | 668 | - | - | 682 | 682 | ||||||||||||
Loans, net | 581,381 | - | - | 591,471 | 591,471 | ||||||||||||
Accrued Interest Receivable | 3,502 | - | - | 3,502 | 3,502 | ||||||||||||
Financial Liabilities: | |||||||||||||||||
Noninterest Bearing Deposits | 215,844 | 215,844 | - | - | 215,844 | ||||||||||||
Interest Bearings Deposits | 853,874 | - | 857,149 | - | 857,149 | ||||||||||||
Borrowed funds | |||||||||||||||||
FHLB Advances | 12,000 | - | 12,000 | - | 12,000 | ||||||||||||
Repurchase Agreements | 15,000 | - | 16,352 | - | 16,352 | ||||||||||||
Accrued Interest Payable | 179 | - | - | 179 | 179 | ||||||||||||
Federal_Income_Taxes
Federal Income Taxes | 12 Months Ended | ||||||||||
Dec. 31, 2014 | |||||||||||
Income Tax Disclosure [Abstract] | |||||||||||
Income Tax Disclosure [Text Block] | (12) Federal Income Taxes | ||||||||||
Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be reversed. The Corporation and the Bank file a consolidated Federal income tax return. | |||||||||||
The provision for Federal income taxes consists of the following (000s omitted): | |||||||||||
2014 | 2013 | 2012 | |||||||||
Federal income taxes currently payable | $ | 69 | $ | 42 | $ | 1,497 | |||||
Provision (credit) for deferred taxes on: | |||||||||||
Book (over) under tax loan loss provision | 1,059 | -466 | 1,386 | ||||||||
Accretion of bond discount | 161 | 45 | -5 | ||||||||
Net deferred loan origination fees | -419 | 10 | -56 | ||||||||
Accrued postretirement benefits | -224 | -280 | -296 | ||||||||
Tax over (under) book depreciation | -34 | -462 | 180 | ||||||||
Alternative minimum tax | -63 | - | - | ||||||||
Non-accrual loan interest | 274 | 602 | -770 | ||||||||
Other real estate owned | 136 | 805 | -253 | ||||||||
Other than temporary impairment AFS securities | 566 | - | - | ||||||||
Net operating loss carry forward | 630 | 1,559 | -697 | ||||||||
Other, net | 417 | -87 | -173 | ||||||||
Total deferred provision (benefit) | 2,503 | 1,726 | -684 | ||||||||
Valuation allowance deferred tax assets | - | -19,881 | -4,316 | ||||||||
Net deferred provision (benefit) | 2,503 | -18,155 | -5,000 | ||||||||
Tax expense (benefit) | $ | 2,572 | $ | -18,113 | $ | -3,503 | |||||
The effective tax rate differs from the statutory rate applicable to corporations as a result of permanent differences between accounting and taxable income as follows: | |||||||||||
2014 | 2013 | 2012 | |||||||||
Statutory rate | 34 | % | 34 | % | 34 | % | |||||
Municipal interest income | -3.9 | -5.4 | -7.9 | ||||||||
Other, net | -4.1 | -4.8 | -10 | ||||||||
Valuation allowance | - | -267.8 | -85.6 | ||||||||
Effective tax rate | 26 | % | -244 | % | -69.5 | % | |||||
In accordance with ASC 740, the Company is required to establish a valuation allowance for deferred tax assets when it is “more likely than not” that a portion or the entire deferred tax asset will not be realized. The evaluation requires significant judgment and extensive analysis of all available positive and negative evidence, the forecast of future income, applicable tax planning strategies, and assessments of current and future economic and business conditions. | |||||||||||
During 2009, the Company established a deferred tax valuation allowance of $13.9 million after evaluating all positive and negative evidence. The Company determined that it was more likely than not that it would not be able to utilize its entire deferred tax asset of $17.0 million. The expense for recording the valuation allowance was a non cash item, and recording the expense does not imply that the Company owes additional taxes. As business and economic conditions changed, the Company reevaluated the criteria related to the recognition of deferred tax assets, and during 2010, The Company increased its valuation allowance to $20.9 million, which equaled 100% of the deferred tax asset. After its review of the relevant data in 2011, the Company decided to continue to maintain its valuation allowance at 100% of the deferred tax asset of $24.2 million. | |||||||||||
In December 2012, the Company again evaluated the positive and negative evidence regarding its expected utilization of its deferred tax asset. Positive evidence included improving local and regional economic conditions, six consecutive quarterly profits, consistent improvement in asset quality, reduction in credit related expenses, and projections for continued improvements in earnings for the foreseeable future. Negative evidence included the large amount of net operating loss carry forwards that the Company had accumulated, persistent concern about the strength of the economic recovery, and still elevated problem asset levels at the Company. The Company determined that, as of December 31, 2012, it was more likely than not that the Company would be able to utilize a portion of its deferred tax asset, but it was not more likely than not that all of the deferred tax asset would be utilized. Based on its projection of the amount of deferred tax asset that it expected to utilize in the future, the Company concluded to reduce the valuation allowance by $5.0 million. The reduction in the valuation allowance was recorded by recognizing a benefit to federal income tax expense. | |||||||||||
In September, 2013, the Company’s evaluation of the positive and negative evidence regarding its expected utilization of its deferred tax asset indicated that that it was more likely than not that the Company would utilize its entire deferred tax asset. The positive evidence, consisting of nine consecutive profitable quarters and projections for future taxable earnings exceeded the negative evidence, which was primarily the prior net operating losses experienced. As a result, the Company eliminated the remaining $18.8 million valuation allowance in the third quarter of 2013 by recording a benefit to federal income tax expense. | |||||||||||
In the ordinary course of business, the Company enters into certain transactions that have tax consequences. From time to time, the Internal Revenue Service (IRS) questions and/or challenges the tax positions taken by the Company with respect to those transactions. The Company believes that its tax returns were filed based upon applicable statutes, regulations, and case law in effect at the time of the transactions. The IRS, an administrative authority of a court, if presented with the transactions could disagree with the Company’s interpretation of the tax law. | |||||||||||
The Company is currently under an audit of its tax returns filed for the 2004, 2005, 2007, 2008, 2009 and 2010 tax years. The Company recorded a tax liability in the second quarter of 2012 to reflect the amount of a settlement offer that the Company proposed to the IRS in an attempt to resolve the audit. Based on current knowledge, the Company believes that the accrued tax liability is adequate to absorb the effect relating to the ultimate resolution of the uncertain tax positions challenged by the IRS. | |||||||||||
The components of the net deferred Federal income tax asset (included in Interest Receivable and Other Assets on the accompanying consolidated balance sheets) at December 31 are as follows (000s omitted): | |||||||||||
2014 | 2013 | ||||||||||
Deferred Federal income tax assets: | |||||||||||
Allowance for loan losses | $ | 5,488 | $ | 6,547 | |||||||
Net deferred loan origination fees | 662 | 243 | |||||||||
Tax versus book depreciation differences | 494 | 460 | |||||||||
Net unrealized losses on securities available for sale | 586 | 5,050 | |||||||||
Accrued postretirement benefits | 3,708 | 3,265 | |||||||||
Alternative minimum tax | 834 | 771 | |||||||||
Non-accrual loan interest | 1,212 | 1,486 | |||||||||
Other real estate owned | 1,265 | 1,401 | |||||||||
Other than temporary impairment AFS securities | - | 566 | |||||||||
Net operating loss | 7,497 | 8,127 | |||||||||
Other, net | 1,223 | 1,248 | |||||||||
Total deferred tax asset | 22,969 | 29,164 | |||||||||
Deferred Federal income tax liabilities: | |||||||||||
Accretion of bond discount | $ | -224 | $ | -63 | |||||||
Net unrealized gains on securities available for sale | - | - | |||||||||
Tax versus book depreciation differences | - | - | |||||||||
Other | -737 | -345 | |||||||||
Total deferred federal tax liabilities | $ | -961 | $ | -408 | |||||||
Net deferred Federal income tax asset (liability) | $ | 22,008 | $ | 28,756 | |||||||
The Corporation has net operating loss carry forwards of approximately $22.1 million that are available to reduce future taxable income through the year ending December 31, 2032. | |||||||||||
Regulatory_Capital_Requirement
Regulatory Capital Requirements | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Regulatory Capital Requirements [Abstract] | ||||||||||||||
Regulatory Capital Requirements under Banking Regulations [Text Block] | (13) Regulatory Capital Requirements | |||||||||||||
The Corporation and the Bank are subject to various regulatory capital requirements administered by the Federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory (and possibly additional discretionary) actions by regulators that, if undertaken, could have a direct material effect on the Corporation’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Corporation and the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. | ||||||||||||||
Quantitative measures established by regulation to ensure capital adequacy require the Corporation and the Bank to maintain minimum amounts and ratios (set forth in the accompanying tables) of Total and Tier 1 capital to risk weighted assets and of Tier 1 capital to average assets. | ||||||||||||||
In 2013, the federal banking agencies issued revisions to the existing capital rules to incorporate certain changes to the Basel capital framework, including Basel III and other elements. The intent is to strengthen the definition of regulatory capital, increase risk based capital requirements, and make selected changes to the calculation of risk weighted assets. Beginning January 1, 2015, banks transitioned to the new rules and will report results with the first Call Report of 2015. As part of the new rules there are several provisions affecting the Company, such as implementation of a new common equity tier 1 ratio, the start of a capital conservation buffer, and increased prompt corrective action capital adequacy thresholds. | ||||||||||||||
As of December 31, 2014 and 2013, the Bank’s capital ratios exceeded the required minimums to be considered well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum Total risk based, Tier 1 risk based, and Tier 1 leverage ratios as set forth in the tables, as well as meeting other requirements specified by the federal banking regulators, including not being subject to any written agreement or order issued by the FDIC pursuant to section 8 of the Federal Deposit Insurance Act. | ||||||||||||||
From July 22, 2010 until June 30, 2014, the Bank was under a Consent Order (the “Consent Order”) with the FDIC and the Michigan DIFS. The Consent Order required the Bank to, among other things, increase its Tier 1 Leverage ratio to 9.0% and its Total Risk Based Capital ratio to 12.0%. Due to the existence of the Consent Order, the Bank was considered to be “Adequately Capitalized” as of December 31, 2013. The Bank is considered to be “Well Capitalized” as of December 31, 2014, and there are no conditions or events since December 31, 2014 that Management believes have changed the Bank’s category. | ||||||||||||||
The Corporation’s and Bank’s actual capital amounts and ratios are also presented in the table (000s omitted in dollar amounts). | ||||||||||||||
Actual | Minimum to Qualify as | |||||||||||||
Well Capitalized | ||||||||||||||
Amount | Ratio | Amount | Ratio | |||||||||||
As of December 31, 2014: | ||||||||||||||
Total Capital to Risk-Weighted Assets | ||||||||||||||
Consolidated | $ | 129,032 | 17.22 | % | $ | 74,917 | 10 | % | ||||||
Monroe Bank & Trust | 127,400 | 17.01 | % | 74,895 | 10 | % | ||||||||
Tier 1 Capital to Risk-Weighted Assets | ||||||||||||||
Consolidated | 119,573 | 15.96 | % | 44,950 | 6 | % | ||||||||
Monroe Bank & Trust | 117,944 | 15.75 | % | 44,937 | 6 | % | ||||||||
Tier 1 Capital to Average Assets | ||||||||||||||
Consolidated | 119,573 | 9.68 | % | 61,731 | 5 | % | ||||||||
Monroe Bank & Trust | 117,944 | 9.55 | % | 61,721 | 5 | % | ||||||||
Actual | Minimum to Qualify as | |||||||||||||
Well Capitalized* | ||||||||||||||
Amount | Ratio | Amount | Ratio | |||||||||||
As of December 31, 2013: | ||||||||||||||
Total Capital to Risk-Weighted Assets | ||||||||||||||
Consolidated | $ | 110,414 | 14.55 | % | $ | 75,899 | 10 | % | ||||||
Monroe Bank & Trust | 108,818 | 14.36 | % | 75,760 | 10 | % | ||||||||
Tier 1 Capital to Risk-Weighted Assets | ||||||||||||||
Consolidated | 100,839 | 13.29 | % | 45,540 | 6 | % | ||||||||
Monroe Bank & Trust | 99,242 | 13.1 | % | 45,456 | 6 | % | ||||||||
Tier 1 Capital to Average Assets | ||||||||||||||
Consolidated | 100,839 | 8.61 | % | 58,593 | 5 | % | ||||||||
Monroe Bank & Trust | 99,242 | 8.48 | % | 58,522 | 5 | % | ||||||||
* Although the Bank’s capital ratios exceed the “Well Capitalized” minimums, the Bank was categorized as “Adequately Capitalized” as of December 31, 2013 due to its Consent Order with the FDIC. | ||||||||||||||
Earnings_Per_Share
Earnings Per Share | 12 Months Ended | ||||||||||
Dec. 31, 2014 | |||||||||||
Earnings Per Share [Abstract] | |||||||||||
Earnings Per Share [Text Block] | (14) Earnings Per Share | ||||||||||
The calculation of earnings per common share for the years ended December 31 is as follows: | |||||||||||
2014 | 2013 | 2012 | |||||||||
Basic | |||||||||||
Net income | $ | 7,315,000 | $ | 25,537,000 | $ | 8,545,000 | |||||
Less preferred dividends | - | - | - | ||||||||
Net income applicable to common stock | $ | 7,315,000 | $ | 25,537,000 | $ | 8,545,000 | |||||
Average common shares outstanding | 22,109,911 | 17,882,070 | 17,332,012 | ||||||||
Income per common share - basic | $ | 0.33 | $ | 1.43 | $ | 0.49 | |||||
2014 | 2013 | 2012 | |||||||||
Diluted | |||||||||||
Net income | $ | 7,315,000 | $ | 25,537,000 | $ | 8,545,000 | |||||
Less preferred dividends | - | - | - | ||||||||
Net income applicable to common stock | $ | 7,315,000 | $ | 25,537,000 | $ | 8,545,000 | |||||
Average common shares outstanding | 22,109,911 | 17,882,070 | 17,332,012 | ||||||||
Stock option adjustment | 180,657 | 203,024 | 101,801 | ||||||||
Average common shares outstanding - diluted | 22,290,568 | 18,085,094 | 17,433,813 | ||||||||
Income per common share - diluted | $ | 0.33 | $ | 1.41 | $ | 0.49 | |||||
Stock options totaling 385,100, 283,900, and 396,835 shares were not included in the computation of diluted earnings per share in the years ended December 31, 2014, 2013, and 2012, respectively, because they were antidilutive. | |||||||||||
StockBased_Compensation_Plan
Stock-Based Compensation Plan | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | (15) Stock-Based Compensation Plan | |||||||||||||||||||
The Long-Term Incentive Compensation Plan approved by shareholders at the April 6, 2000 Annual Meeting of Shareholders of Monroe Bank & Trust authorized the Board of Directors to grant nonqualified stock options to key employees and non-employee directors. Such grants could be made until January 2, 2010 for up to 1,000,000 shares of the Corporation’s common stock. The amount that could be awarded to any one individual was limited to 100,000 shares in any one calendar year. The MBT Financial Corp. 2008 Stock Incentive Plan was approved by shareholders at the May 1, 2008 Annual meeting of shareholders of MBT Financial Corp. This plan replaced the Long-Term Incentive Compensation Plan and authorized the Board of Directors to grant equity incentive awards to key employees and non-employee directors. Such grants may be made until May 1, 2018 for up to 1,000,000 shares of the Corporation’s common stock. The amount that may be awarded to any one individual is limited to 100,000 shares in any one calendar year. As of December 31, 2014, the number of shares available under the plan is 100,201. This includes 185,648 shares that were previously awarded that have been forfeited. | ||||||||||||||||||||
Stock Option Awards - Stock options granted under the plans have exercise prices equal to the fair market value at the date of grant. Options granted under the plan may be exercised for a period of no more than ten years from the date of grant. All options granted are fully vested at December 31, 2014. | ||||||||||||||||||||
Stock Only Stock Appreciation Rights (SOSARs) – On March 7, 2014, Stock Only Stock Appreciation Rights (SOSARs) were awarded to certain executives in accordance with the MBT Financial Corp. 2008 Stock Incentive Plan. The SOSARs have a term of 10 years and vest in three equal annual installments beginning on December 31, 2014. SOSARs granted under the plan are structured as fixed grants with the exercise price equal to the market value of the underlying stock on the date of the grant. Upon exercise, the executive will generally receive common shares equal in value to the excess of the market value of the shares over the exercise price on the exercise date. | ||||||||||||||||||||
The fair value of each option and SOSAR grant is estimated on the date of grant using the Black-Scholes option pricing model with the assumptions disclosed in Note 1 to the consolidated financial statements. | ||||||||||||||||||||
A summary of the status of stock options and SOSARs under the plans is presented in the tables below. | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Stock Options | Shares | Weighted | Shares | Weighted | Shares | Weighted | ||||||||||||||
Average | Average | Average | ||||||||||||||||||
Exercise | Exercise | Exercise | ||||||||||||||||||
Price | Price | Price | ||||||||||||||||||
Options Outstanding, January 1 | 283,900 | $ | 18.41 | 396,835 | $ | 17.57 | 436,503 | $ | 17.34 | |||||||||||
Granted | - | - | - | - | - | - | ||||||||||||||
Exercised | - | - | - | - | - | - | ||||||||||||||
Forfeited | 1,500 | 15.33 | 49,600 | 18.31 | 17,500 | 16.57 | ||||||||||||||
Expired | 77,000 | 16.69 | 63,335 | 13.2 | 22,168 | 13.85 | ||||||||||||||
Options Outstanding, December 31 | 205,400 | $ | 19.08 | 283,900 | $ | 18.41 | 396,835 | $ | 17.57 | |||||||||||
Options Exercisable, December 31 | 205,400 | $ | 19.08 | 283,900 | $ | 18.41 | 396,835 | $ | 17.57 | |||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Stock Only Stock Appreciation | Shares | Weighted | Shares | Weighted | Shares | Weighted | ||||||||||||||
Rights (SOSARs) | Average | Average | Average | |||||||||||||||||
Exercise | Exercise | Exercise | ||||||||||||||||||
Price | Price | Price | ||||||||||||||||||
SOSARs Outstanding, January 1 | 472,271 | $ | 3.23 | 410,666 | $ | 3.53 | 320,000 | $ | 4.08 | |||||||||||
Granted | 110,000 | 4.9 | 112,369 | 2.35 | 104,000 | 1.85 | ||||||||||||||
Exercised | 18,998 | 2.15 | 35,464 | 2.28 | - | - | ||||||||||||||
Forfeited | 5,834 | 4.91 | 15,300 | 7.09 | 13,334 | 3.68 | ||||||||||||||
Expired | - | - | - | - | - | - | ||||||||||||||
SOSARs Outstanding, December 31 | 557,439 | $ | 3.58 | 472,271 | $ | 3.23 | 410,666 | $ | 3.53 | |||||||||||
SOSARs Exercisable, December 31 | 450,888 | $ | 3.45 | 373,560 | $ | 3.5 | 319,630 | $ | 4.01 | |||||||||||
Weighted Average Fair Value of Options or SOSARs Granted During Year | $ | 2.98 | $ | 1.43 | $ | 1.11 | ||||||||||||||
The options and SOSARs exercisable as of December 31, 2014 are exercisable at prices ranging from $1.52 to $23.40. The number of options and SOSARs and remaining life at each exercise price are as follows: | ||||||||||||||||||||
Outstanding and Exercisable Options | ||||||||||||||||||||
Exercise | Shares | Remaining Life | ||||||||||||||||||
Price | (in years) | |||||||||||||||||||
$ | 15.33 | 62,700 | 1.95 | |||||||||||||||||
$ | 16.24 | 53,200 | 0.98 | |||||||||||||||||
$ | 23.4 | 89,500 | 0.01 | |||||||||||||||||
205,400 | 0.85 | |||||||||||||||||||
Outstanding SOSARs | Exercisable SOSARs | |||||||||||||||||||
Exercise | Shares | Remaining Life | Shares | Remaining Life | ||||||||||||||||
Price | (in years) | (in years) | ||||||||||||||||||
$ | 1.52 | 12,000 | 5.01 | 12,000 | 5.01 | |||||||||||||||
$ | 1.85 | 165,336 | 6.42 | 165,336 | 6.42 | |||||||||||||||
$ | 2.35 | 105,703 | 7.97 | 72,505 | 7.97 | |||||||||||||||
$ | 3.03 | 94,700 | 3.92 | 94,700 | 3.92 | |||||||||||||||
$ | 4.9 | 110,000 | 9.18 | 36,647 | 9.18 | |||||||||||||||
$ | 8.53 | 69,700 | 3.49 | 69,700 | 3.49 | |||||||||||||||
557,439 | 6.44 | 450,888 | 5.88 | |||||||||||||||||
A summary of the status of the Corporation’s non-vested SOSARs as of December 31, 2014 and changes during the year ended December 31, 2014 is as follows: | ||||||||||||||||||||
Nonvested SOSAR Shares | Shares | Weighted Average | ||||||||||||||||||
Grant Date Fair | ||||||||||||||||||||
Value | ||||||||||||||||||||
Nonvested at January 1, 2014 | 98,711 | $ | 1.33 | |||||||||||||||||
Granted | 110,000 | 2.98 | ||||||||||||||||||
Vested | -98,826 | 1.91 | ||||||||||||||||||
Forfeited | -3,334 | 1.33 | ||||||||||||||||||
Nonvested at December 31, 2014 | 106,551 | $ | 2.5 | |||||||||||||||||
As of December 31, 2014, there was $266,000 of total unrecognized compensation cost related to nonvested share based compensation arrangements granted under the Plan. The cost is expected to be recognized over a weighted average period of 1.69 years. | ||||||||||||||||||||
Restricted Stock Awards – On March 7, 2014, 6,000 restricted shares were awarded to non-employee directors in accordance with the MBT Financial Corp. 2008 Stock Incentive Plan. The shares vested on December 31, 2014 | ||||||||||||||||||||
A summary of the status of the Corporation’s non-vested restricted stock awards as of December 31, 2014, 2013, and 2012, and changes during the years then ended is as follows: | ||||||||||||||||||||
Restricted Stock Awards | 2014 | 2013 | 2012 | |||||||||||||||||
Nonvested at January 1 | 25,000 | 50,000 | 120,000 | |||||||||||||||||
Granted | 6,000 | - | 10,000 | |||||||||||||||||
Vested | 31,000 | 25,000 | 80,000 | |||||||||||||||||
Forfeited | - | - | - | |||||||||||||||||
Nonvested at December 31 | - | 25,000 | 50,000 | |||||||||||||||||
The total expense recorded for the restricted stock awards was $37,000 in 2014, $20,000 in 2013, and $70,000 in 2012. The amount of unrecognized compensation cost related to the nonvested portion of restricted stock awards under the plan was $0 as of December 31, 2014, $7,000 as of December 31, 2013, and $27,000 as of December 31, 2012. | ||||||||||||||||||||
Restricted Stock Unit Awards – Restricted stock units granted under the plan result in an award of common shares to key employees based on selected performance metrics during the performance period. Key executives were granted 35,000 Restricted Stock Units (RSUs) on March 7, 2014. The RSUs will vest on December 31, 2016 based on the Bank achieving the performance targets in the following schedule, with up to 50% of the RSUs earned in 2014 and up to 50% of the RSUs earned in 2015. Restricted stock units are valued based on the share price at the date of grant multiplied by the number of units granted. The estimated payout is adjusted annually based on performance metrics in the individual agreement and the expectation of meeting those performance metrics in the future. The total value of the restricted stock units granted in 2014 was $172,000. | ||||||||||||||||||||
Performance Metric | Weighting | Performance | 2014 Performance | 2015 Performance | ||||||||||||||||
Percentage | Requirement | Threshold | Threshold | |||||||||||||||||
Net Income before tax | 50 | % | At or greater than | $ | 8,413,000 | $ | 9,232,000 | |||||||||||||
Classified Assets to Capital Ratio | 50 | % | At or less than | 50 | % | 30 | % | |||||||||||||
Both performance thresholds were achieved in 2014. As a result, 17,500 RSUs were earned and will be awarded upon completion of the vesting period. The current expectation is that the 17,500 RSUs that may be earned in 2015 will be awarded. | ||||||||||||||||||||
Key executives were granted 30,000 Restricted Stock Units (RSUs) on January 2, 2013. The RSUs will vest on December 31, 2015 based on the Bank achieving the performance targets in the following schedule, with up to 50% of the RSUs earned in 2013 and up to 50% of the RSUs earned in 2014. | ||||||||||||||||||||
Performance Metric | Weighting | Performance | 2013 Performance | 2014 Performance | ||||||||||||||||
Percentage | Requirement | Threshold | Threshold | |||||||||||||||||
Net Income before tax | 25 | % | At or greater than | $ | 6,400,000 | $ | 9,000,000 | |||||||||||||
Tier 1 leverage ratio | 25 | % | At or greater than | 7.75 | % | 8.25 | % | |||||||||||||
Texas Ratio | 50 | % | At or less than | 50 | % | 35 | % | |||||||||||||
The Texas ratio performance threshold was not achieved in 2013. As a result, 50% of the 15,000 RSUs (7,500) that could be earned in 2013 will be awarded upon completion of the vesting period. All three performance thresholds were achieved in 2014. As a result, 15,000 RSUs were earned in 2014 and 22,500 shares will be awarded on December 31, 2015. | ||||||||||||||||||||
Accordingly, the Company recorded expenses of $76,000 in 2014 and $38,000 in 2013 for the RSUs granted. The total unrecognized compensation costs associated with non-vested restricted stock units was $132,000 as of December 31, 2014. | ||||||||||||||||||||
Parent_Company
Parent Company | 12 Months Ended | ||||||||||
Dec. 31, 2014 | |||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | (16) Parent Company | ||||||||||
Condensed parent company financial statements, which include transactions with the subsidiary, are as follows (000s omitted): | |||||||||||
Balance Sheets | |||||||||||
December 31, | |||||||||||
2014 | 2013 | ||||||||||
Assets | |||||||||||
Cash and due from banks | $ | 1,719 | $ | 493 | |||||||
Securities | - | 446 | |||||||||
Investment in subsidiary bank | 132,352 | 109,039 | |||||||||
Other assets | 821 | 902 | |||||||||
Total assets | $ | 134,892 | $ | 110,880 | |||||||
Liabilities | |||||||||||
Accounts payable and accrued expenses | $ | 356 | $ | 272 | |||||||
Total liabilities | 356 | 272 | |||||||||
Stockholders' Equity | |||||||||||
Total stockholders' equity | 134,536 | 110,608 | |||||||||
Total liabilities and stockholders' equity | $ | 134,892 | $ | 110,880 | |||||||
Statements of Income | |||||||||||
Years Ended December 31, | |||||||||||
2014 | 2013 | 2012 | |||||||||
Income | |||||||||||
Dividends from subsidiary bank | $ | - | $ | - | $ | - | |||||
Net gain on sales of securities | 214 | - | - | ||||||||
Total income | 214 | - | - | ||||||||
Expense | |||||||||||
Interest on borrowed funds | - | 4 | 12 | ||||||||
Other expense | 282 | 274 | 272 | ||||||||
Total expense | 282 | 278 | 284 | ||||||||
Loss before tax and equity in undistributed net income of subsidiary bank | -68 | -278 | -284 | ||||||||
Income tax expense (benefit) | 2 | -432 | - | ||||||||
Income (Loss) before equity in undistributed net income of subsidiary bank | -70 | 154 | -284 | ||||||||
Equity in undistributed net income (loss) of subsidiary bank | 7,385 | 25,383 | 8,829 | ||||||||
Net Income | $ | 7,315 | $ | 25,537 | $ | 8,545 | |||||
Statements of Cash Flows | |||||||||||
Years Ended December 31, | |||||||||||
2014 | 2013 | 2012 | |||||||||
Cash Flows Used For Operating Activities: | |||||||||||
Net income | $ | 7,315 | $ | 25,537 | $ | 8,545 | |||||
Equity in undistributed net income of subsidiary bank | -7,385 | -25,383 | -8,829 | ||||||||
Gain on sales of investment securities | -214 | - | - | ||||||||
Net decrease in other liabilities | 84 | 134 | 138 | ||||||||
Net (increase) decrease in other assets | 57 | -605 | -1 | ||||||||
Net cash used for operating activities | $ | -143 | $ | -317 | $ | -147 | |||||
Cash Flows Used For Investing Activities: | |||||||||||
Sales and maturities of investment securities | $ | 754 | $ | - | $ | - | |||||
Investment in subsidiary | -7,500 | -11,350 | - | ||||||||
Net cash used for investing activities | $ | -6,746 | $ | -11,350 | $ | - | |||||
Cash Flows Provided By Financing Activities: | |||||||||||
Issuance of common stock | $ | 8,115 | $ | 12,083 | $ | 243 | |||||
Repayment of long term debt | - | -135 | - | ||||||||
Net cash provided by financing activities | $ | 8,115 | $ | 11,948 | $ | 243 | |||||
Net Increase In Cash And Cash Equivalents | $ | 1,226 | $ | 281 | $ | 96 | |||||
Cash and Cash Equivalents At Beginning Of Year | 493 | 212 | 116 | ||||||||
Cash And Cash Equivalents At End Of Year | $ | 1,719 | $ | 493 | $ | 212 | |||||
Under current regulations, the Bank is limited in the amount it may loan to the Corporation. Loans to the Corporation may not exceed ten percent of the Bank’s capital stock, surplus, and undivided profits plus the allowance for loan losses. Loans from the Bank to the Corporation are required to be collateralized. Accordingly, at December 31, 2014, Bank funds available for loans to the Corporation amounted to $14,819,000. The Bank has not made any loans to the Corporation. | |||||||||||
Federal and state banking laws place certain restrictions on the amount of dividends a bank may make to its parent company. Michigan law limits the amount of dividends that the Bank can pay to the Corporation without regulatory approval to the amount of net income then on hand. The Bank entered in to a Consent Order with the FDIC effective July 22, 2010 that prohibits the Bank from declaring dividends payable to the Company without regulatory approval. The Consent Order was terminated effective June 30, 2014, however the Bank remains under an informal agreement with its federal and state regulators that requires their approval of any dividend payments by the Bank. | |||||||||||
Financial_Instruments_with_Off
Financial Instruments with Off-Balance Sheet Risk | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Fair Value Off Balance Sheet Risk [Abstract] | ||||||||
Financial Instruments With Off - Balance Sheet Risk [Text Block] | (17) Financial Instruments with Off-Balance Sheet Risk | |||||||
The Bank is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. | ||||||||
The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Bank uses the same credit policies in making commitments and conditional obligations as it does for its other lending activities. | ||||||||
Financial instruments whose contractual amounts represent off-balance sheet credit risk at December 31 were as follows (000s omitted): | ||||||||
Contractual Amount | ||||||||
2014 | 2013 | |||||||
Commitments to extend credit: | ||||||||
Unused portion of commercial lines of credit | $ | 66,319 | $ | 68,159 | ||||
Unused portion of credit card lines of credit | 3,630 | 3,255 | ||||||
Unused portion of home equity lines of credit | 19,544 | 16,769 | ||||||
Standby letters of credit and financial guarantees written | 3,178 | 3,667 | ||||||
All other off-balance sheet assets | - | - | ||||||
Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Most commercial lines of credit are secured by real estate mortgages or other collateral, generally have fixed expiration dates or other termination clauses, and require payment of a fee. Since the lines of credit may expire without being drawn upon, the total committed amounts do not necessarily represent future cash requirements. Credit card lines of credit have various established expiration dates, but are fundable on demand. Home equity lines of credit are secured by real estate mortgages, a majority of which have ten year expiration dates, but are fundable on demand. The Bank evaluates each customer’s creditworthiness on a case by case basis. The amount of the collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on Management’s credit evaluation of the counter party. | ||||||||
Standby letters of credit written are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements and other business transactions. The letters of credit expire in 2015. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. | ||||||||
Various legal claims also arise from time to time in the normal course of business, which, in the opinion of management, will have no material effect on the Company’s consolidated financial statements. | ||||||||
Quarterly_Financial_Informatio
Quarterly Financial Information (Unaudited) | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ||||||||||||||
Quarterly Financial Information [Text Block] | (18) Quarterly Financial Information (Unaudited) (000s omitted): | |||||||||||||
2014 | First | Second | Third | Fourth | ||||||||||
Total Interest Income | $ | 9,536 | $ | 9,540 | $ | 9,797 | $ | 9,666 | ||||||
Total Interest Expense | 1,041 | 988 | 945 | 864 | ||||||||||
Net Interest Income | 8,495 | 8,552 | 8,852 | 8,802 | ||||||||||
Provision for (Recovery of) Loan Losses | 100 | 100 | -700 | - | ||||||||||
Other Income | 3,664 | 3,584 | 2,125 | 3,980 | ||||||||||
Other Expenses | 9,699 | 9,791 | 9,362 | 9,815 | ||||||||||
Income Before Provision For Income Taxes | 2,360 | 2,245 | 2,315 | 2,967 | ||||||||||
Provision For Income Taxes | 593 | 558 | 603 | 818 | ||||||||||
Net Income | $ | 1,767 | $ | 1,687 | $ | 1,712 | $ | 2,149 | ||||||
Basic Earnings Per Common Share | $ | 0.08 | $ | 0.08 | $ | 0.08 | $ | 0.09 | ||||||
Diluted Earnings Per Common Share | $ | 0.08 | $ | 0.08 | $ | 0.07 | $ | 0.09 | ||||||
Dividends Declared Per Share | $ | - | $ | - | $ | - | $ | - | ||||||
2013 | First | Second | Third | Fourth | ||||||||||
Total Interest Income | $ | 10,061 | $ | 9,741 | $ | 9,764 | $ | 9,672 | ||||||
Total Interest Expense | 2,017 | 1,652 | 1,225 | 1,143 | ||||||||||
Net Interest Income | 8,044 | 8,089 | 8,539 | 8,529 | ||||||||||
Provision for Loan Losses | 1,500 | 400 | 200 | 100 | ||||||||||
Other Income | 3,988 | 3,989 | 4,116 | 3,838 | ||||||||||
Other Expenses | 9,418 | 10,182 | 9,963 | 9,945 | ||||||||||
Income Before Provision For Income Taxes | 1,114 | 1,496 | 2,492 | 2,322 | ||||||||||
Provision For (Benefit From) Income Taxes | - | - | -18,795 | 682 | ||||||||||
Net Income | $ | 1,114 | $ | 1,496 | $ | 21,287 | $ | 1,640 | ||||||
Basic Earnings Per Common Share | $ | 0.06 | $ | 0.08 | $ | 1.19 | $ | 0.1 | ||||||
Diluted Earnings Per Common Share | $ | 0.06 | $ | 0.08 | $ | 1.17 | $ | 0.1 | ||||||
Dividends Declared Per Share | $ | - | $ | - | $ | - | $ | - | ||||||
Fair_Value_Disclosures
Fair Value Disclosures | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Fair Value Disclosures [Abstract] | ||||||||||||||
Fair Value Measurement Inputs [Text Block] | (19) Fair Value Disclosures | |||||||||||||
The following tables present information about the Corporation’s assets measured at fair value on a recurring basis at December 31, 2014 and 2013, and the valuation techniques used by the Corporation to determine those fair values. | ||||||||||||||
In general, fair values determined by Level 1 inputs use quoted prices in active markets for identical assets that the Company has the ability to access. | ||||||||||||||
Fair values determined by Level 2 inputs use other inputs that are observable, either directly or indirectly. These Level 2 inputs include quoted prices for similar assets in active markets, and other inputs such as interest rates and yield curves that are observable at commonly quoted intervals. | ||||||||||||||
Level 3 inputs are unobservable inputs, including inputs that are available in situations where there is little, if any, market activity for the related asset. | ||||||||||||||
In instances where inputs used to measure fair value fall into different levels in the above fair value hierarchy, fair value measurements in their entirety are categorized based on the lowest level input that is significant to the valuation. The Company’s assessment of the significance of particular inputs to these fair value measurements requires judgment and considers factors specific to each asset. | ||||||||||||||
Assets measured at fair value on a recurring basis are as follows (000’s omitted): | ||||||||||||||
Investment Securities Available for Sale at | Quoted Prices in | Significant Other | Significant | |||||||||||
December 31, 2014 | Active Markets | Observable | Unobservable | |||||||||||
for Identical | Inputs (Level 2) | Inputs (Level 3) | ||||||||||||
Assets (Level 1) | ||||||||||||||
Obligations of U.S. Government Agencies | $ | - | $ | 342,048 | $ | - | ||||||||
MBS issued by U.S. Government Agencies | 105,406 | |||||||||||||
Obligations of States and Political Subdivisions | - | 19,581 | - | |||||||||||
Corporate Debt Securities | - | 4,002 | - | |||||||||||
Other Securities | 2,139 | - | - | |||||||||||
Total Securities Available for Sale | $ | 2,139 | $ | 471,037 | $ | - | ||||||||
Investment Securities Available for Sale at | Quoted Prices in | Significant Other | Significant | |||||||||||
December 31, 2013 | Active Markets | Observable | Unobservable | |||||||||||
for Identical | Inputs (Level 2) | Inputs (Level 3) | ||||||||||||
Assets (Level 1) | ||||||||||||||
Obligations of U.S. Government Agencies | $ | - | $ | 266,713 | $ | - | ||||||||
MBS issued by U.S. Government Agencies | 96,526 | |||||||||||||
Obligations of States and Political Subdivisions | - | 15,363 | - | |||||||||||
Trust Preferred CDO Securities | - | - | 5,751 | |||||||||||
Corporate Debt Securities | - | 8,071 | - | |||||||||||
Other Securities | 2,087 | 445 | - | |||||||||||
Total Securities Available for Sale | $ | 2,087 | $ | 387,118 | $ | 5,751 | ||||||||
The changes in Level 3 assets measured at fair value on a recurring basis were (000’s omitted): | ||||||||||||||
Investment Securities - Available for Sale | 2014 | 2013 | ||||||||||||
Balance at January 1 | $ | 5,751 | $ | 5,406 | ||||||||||
Total realized and unrealized gains (losses) included in income | -2,574 | - | ||||||||||||
Total unrealized gains (losses) included in other comprehensive income | 3,758 | 361 | ||||||||||||
Net purchases, sales, calls and maturities | -6,935 | -16 | ||||||||||||
Net transfers in/out of Level 3 | - | - | ||||||||||||
Balance at December 31 | $ | - | $ | 5,751 | ||||||||||
The Level 3 assets held by the Company at December 31, 2013 consisted of three pooled Trust Preferred Collateralized Debt Obligations (TruP CDOs). The Company sold all of its Level 3 available for sale securities in 2014. The Company did not sell any of its Level 3 available for sale securities in 2013. The Company did not purchase any Level 3 available for sale securities during 2014 or 2013. | ||||||||||||||
Both observable and unobservable inputs may be used to determine the fair value of positions classified as Level 3 assets. As a result, the unrealized gains and losses for these assets presented in the tables above may include changes in fair value that were attributable to both observable and unobservable inputs. | ||||||||||||||
The Company also has assets that under certain conditions are subject to measurement at fair value on a non-recurring basis. These assets include held to maturity investments and loans. The Company estimated the fair values of these assets using Level 3 inputs, specifically discounted cash flow projections. | ||||||||||||||
Assets measured at fair value on a nonrecurring basis are as follows (000’s omitted): | ||||||||||||||
Balance at | Quoted Prices in | Significant Other | Significant | |||||||||||
December 31, | Active Markets for | Observable | Unobservable | |||||||||||
2014 | Identical Assets | Inputs (Level 2) | Inputs (Level 3) | |||||||||||
(Level 1) | ||||||||||||||
Impaired loans | $ | 35,670 | $ | - | $ | - | $ | 32,015 | ||||||
Other Real Estate Owned | $ | 5,615 | $ | - | $ | - | $ | 5,615 | ||||||
Balance at | Quoted Prices in | Significant Other | Significant | |||||||||||
December 31, | Active Markets for | Observable | Unobservable | |||||||||||
2013 | Identical Assets | Inputs (Level 2) | Inputs (Level 3) | |||||||||||
(Level 1) | ||||||||||||||
Impaired loans | $ | 60,471 | $ | - | $ | - | $ | 53,474 | ||||||
Other Real Estate Owned | $ | 9,628 | $ | - | $ | - | $ | 9,628 | ||||||
Impaired loans categorized as Level 3 assets consist of non-homogenous loans that are considered impaired. The Corporation estimates the fair value of the loans based on the present value of expected future cash flows using management’s best estimate of key assumptions. These assumptions include future payment ability, timing of payment streams, and estimated realizable values of available collateral (typically based on outside appraisals). Other Real Estate Owned (OREO) consists of property received in full or partial satisfaction of a receivable. The Corporation utilizes outside appraisals to estimate the fair value of OREO properties. | ||||||||||||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||||||||||
Dec. 31, 2014 | |||||||||||
Accounting Policies [Abstract] | |||||||||||
Consolidation, Policy [Policy Text Block] | PRINCIPLES OF CONSOLIDATION | ||||||||||
The consolidated financial statements include the accounts of the Corporation and its subsidiary. All material intercompany transactions and balances have been eliminated. Certain prior year amounts have been reclassified to conform to the current year presentation. | |||||||||||
Concentration Risk, Credit Risk, Policy [Policy Text Block] | SIGNIFICANT GROUP CONCENTRATIONS OF CREDIT RISK | ||||||||||
Most of the Corporation's activities are with customers located within southeast Michigan. Notes 3 and 4 discuss the types of securities and lending that the Corporation engages in. The Corporation does not have any significant concentrations in any one industry or to any one customer. | |||||||||||
Investment, Policy [Policy Text Block] | INVESTMENT SECURITIES | ||||||||||
Investment securities that are classified as “held to maturity” are stated at cost, and adjusted for accumulated amortization of premium and accretion of discount. The Bank has the intention and, in Management’s opinion, the ability to hold these investment securities until maturity. Investment securities that are classified as “available for sale” are stated at estimated market value, with the related unrealized gains and losses reported as an amount, net of taxes, as a component of stockholders’ equity. The market value of securities is based on quoted market prices. For securities that do not have readily available market values, estimated market values are calculated based on the market values of comparable securities. | |||||||||||
Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Declines in the fair value of held-to-maturity and available-for-sale securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers the length of time and the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, and the intent and ability of the Corporation to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. | |||||||||||
Management evaluates securities for other-than-temporary impairment (“OTTI”) on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. When evaluating investment securities consideration is given to the length of time and the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, whether the market decline was affected by macroeconomic conditions and whether the Company has the intent to sell the debt security or more likely than not will be required to sell the debt security before its anticipated recovery. In analyzing an issuer’s financial condition, the Company may consider whether the securities are issued by the federal government or its agencies, or U.S. Government sponsored enterprises, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition. The assessment of whether an other-than-temporary decline exists involves a high degree of subjectivity and judgment and is based on the information available to management at a point in time. | |||||||||||
When OTTI occurs, the amount of the OTTI recognized in earnings depends on whether an entity intends to sell the security or it is more likely than not it will be required to sell the security before recovery of its amortized cost basis. If an entity intends to sell or it is more likely than not it will be required to sell the security before recovery of its amortized cost basis, the OTTI shall be recognized in earnings equal to the entire difference between the investment’s amortized cost basis and its fair value at the balance sheet date. The previous amortized cost basis less the OTTI recognized in earnings becomes the new amortized cost basis of the investment. If a security is determined to be other-than-temporarily impaired, but the entity does not intend to sell the security, only the credit portion of the estimated loss is recognized in earnings, with the other portion of the loss recognized in other comprehensive income. | |||||||||||
Policy Loans Receivable, Policy [Policy Text Block] | LOANS | ||||||||||
The Bank grants mortgage, commercial, and consumer loans to customers. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred fees or costs on originated loans. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. | |||||||||||
The accrual of interest on loans is discontinued at the time the loan is 90 days delinquent unless the credit is well secured and in the process of collection. In all cases, loans are placed on nonaccrual or charged off at an earlier date if principal or interest is considered doubtful. | |||||||||||
All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash basis or cost recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. | |||||||||||
Federal Home Loan Bank Advances [Policy Text Block] | FEDERAL HOME LOAN BANK STOCK | ||||||||||
The Bank is a member of the Federal Home Loan Bank of Indianapolis (FHLBI). Members are required to own a certain amount of stock based on the level of borrowings and other factors. Stock in the FHLBI is recorded at redemption value which approximates fair value. The Company periodically evaluates the FHLBI stock for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. | |||||||||||
Loans Held For Sale [Policy Text Block] | LOANS HELD FOR SALE | ||||||||||
Loans held for sale consist of fixed rate residential mortgage loans with maturities of 15 to 30 years. Such loans are recorded at the lower of aggregate cost or estimated fair value. | |||||||||||
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | ALLOWANCE FOR LOAN LOSSES | ||||||||||
The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. | |||||||||||
The allowance for loan losses is evaluated on a regular basis by management and is based upon management's periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower's ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. | |||||||||||
The allowance consists of specific and general components. The specific component relates to loans that are classified as non-accrual or renegotiated. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and is based on historical loss experience, adjusted for qualitative factors. | |||||||||||
A loan is considered impaired when, based on current information and events, it is probable that the Corporation will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including length of the delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's obtainable market price, or the fair value of the collateral if the loan is collateral dependent. | |||||||||||
Troubled debt restructuring of loans is undertaken to improve the likelihood that the loan will be repaid in full under the modified terms in accordance with a reasonable repayment schedule. All modified loans are evaluated to determine whether the loans should be reported as Troubled Debt Restructurings (TDR). A loan is a TDR when the Bank, for economic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower by modifying a loan. To make this determination, the Bank must determine whether (a) the borrower is experiencing financial difficulties and (b) the Bank granted the borrower a concession. This determination requires consideration of all of the facts and circumstances surrounding the modification. An overall general decline in the economy or some deterioration in a borrower’s financial condition does not automatically mean the borrower is experiencing financial difficulties. | |||||||||||
Large groups of homogeneous loans are collectively evaluated for impairment. Accordingly, the Corporation does not separately identify individual consumer and residential loans for impairment disclosures. | |||||||||||
Foreclosed Assets [Policy Text Block] | FORECLOSED ASSETS (INCLUDES OTHER REAL ESTATE OWNED) | ||||||||||
Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at the lower of fair value less costs to sell or the loan carrying amount at the date of the foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by Management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Expenses from operations and changes in the valuation allowance are included in net expenses from foreclosed assets. | |||||||||||
Bank Premises And Equipment [Policy Text Block] | BANK PREMISES AND EQUIPMENT | ||||||||||
Bank premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are computed generally on the straight-line method over the estimated useful lives of the assets. Upon the sale or other disposition of assets, the cost and related accumulated depreciation are retired and the resulting gain or loss is recognized. Maintenance and repairs are charged to expense as incurred, while renewals and improvements are capitalized. Software costs related to externally developed systems are capitalized at cost less accumulated amortization. Amortization is computed on the straight-line method over the estimated useful life. | |||||||||||
Bank Owned Life Insurance [Policy Text Block] | BANK OWNED LIFE INSURANCE | ||||||||||
Bank owned life insurance policies are stated at the current cash surrender value of the policy, or the policy death proceeds less any obligation to provide a death benefit to an insured’s beneficiaries if that value is less than the cash surrender value. Increases in the asset value are recorded as earnings in other income. | |||||||||||
Comprehensive Income Policy [Policy Text Block] | COMPREHENSIVE INCOME | ||||||||||
Accounting principles generally require that revenue, expenses, gains, and losses be included in net income. Certain changes in assets and liabilities, however, such as unrealized gains and losses on securities available for sale, and amounts recognized related to postretirement benefit plans (gains and losses, prior service costs, and transition assets or obligations), are reported as a direct adjustment to the equity section of the balance sheet. Such items, along with net income, are components of comprehensive income. | |||||||||||
The components of accumulated other comprehensive loss and related tax effects are as follows: | |||||||||||
Dollars in thousands | 2014 | 2013 | 2012 | ||||||||
Net unrealized gains (losses) on securities available for sale | $ | -1,722 | $ | -14,852 | $ | 2,717 | |||||
Post retirement benefit obligations | -2,267 | -1,624 | -2,832 | ||||||||
Tax effect | 1,356 | 5,603 | 39 | ||||||||
Accumulated other comprehensive loss | $ | -2,633 | $ | -10,873 | $ | -76 | |||||
Cash and Cash Equivalents, Policy [Policy Text Block] | CASH AND CASH EQUIVALENTS | ||||||||||
For the purpose of the consolidated statement of cash flows, cash and cash equivalents include cash and balances due from banks and federal funds sold which mature within 90 days. | |||||||||||
Income Tax, Policy [Policy Text Block] | INCOME TAXES | ||||||||||
Deferred income tax assets and liabilities are determined using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is determined based on the tax effects of the various temporary differences between the book and tax bases of the various balance sheet assets and liabilities and gives current recognition to changes in tax rates and laws. | |||||||||||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | STOCK-BASED COMPENSATION | ||||||||||
The amount of compensation is measured at the fair value of the awards when granted, and this cost is expensed over the required service period, which is normally the vesting period of the options. | |||||||||||
The weighted average fair value of options granted was $2.98, $1.43, and $1.11, in 2014, 2013, and 2012, respectively. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions used for grants in 2014, 2013, and 2012: expected option lives of seven years for all three; expected volatility of 60.11%, 62.09%, and 60.7%; risk-free interest rates of 2.27%, 1.25%, and 1.40%; and dividend yields of 0.00% for each year. | |||||||||||
Off-Balance-Sheet Credit Exposure, Policy [Policy Text Block] | OFF BALANCE SHEET INSTRUMENTS | ||||||||||
In the ordinary course of business, the Corporation has entered into commitments to extend credit, including commitments under credit card arrangements, commercial letters of credit and standby letters of credit. Such financial instruments are recorded when they are funded. Additional information regarding Off Balance Sheet Instruments is included in Note 17 in these Notes to Consolidated Financial Statements. | |||||||||||
Fair Value Measurement, Policy [Policy Text Block] | FAIR VALUE | ||||||||||
The Corporation measures or monitors many of its assets and liabilities on a fair value basis. Fair value is used on a recurring basis for assets and liabilities that are elected to be accounted for under the Fair Value Option as well as for certain assets and liabilities in which fair value is the primary basis of accounting. Examples of these include derivative instruments and available for sale securities. Additionally, fair value is used on a non-recurring basis to evaluate assets or liabilities for impairment or for disclosure purposes. Examples of these non-recurring uses of fair value include certain loans held for sale accounted for on a lower of cost or market basis. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, the Corporation uses various valuation techniques and assumptions when estimating fair value. | |||||||||||
The Corporation applied the following fair value hierarchy: | |||||||||||
Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. The Corporation’s mutual fund investments where quoted prices are available in an active market generally are classified within Level 1 of the fair value hierarchy. | |||||||||||
Level 2 – Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. The Corporation’s borrowed funds and investments in U.S. government agency securities, government sponsored mortgage backed securities, and obligations of states and political subdivisions are generally classified in Level 2 of the fair value hierarchy. Fair values for these instruments are estimated using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. | |||||||||||
Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Private equity investments and trust preferred collateralized debt obligations are classified within Level 3 of the fair value hierarchy. Fair values are initially valued based on transaction price and are adjusted to reflect exit values. | |||||||||||
When determining the fair value measurements for assets and liabilities required or permitted to be recorded at and/or marked to fair value, the Corporation considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. When possible, the Corporation looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Corporation looks to market observable data for similar assets or liabilities. Nevertheless, certain assets and liabilities are not actively traded in observable markets and the Corporation must use alternative valuation techniques to derive a fair value measurement. | |||||||||||
New Accounting Pronouncements Policy [Policy Text Block] | RECENT ACCOUNTING PRONOUNCEMENTS | ||||||||||
The Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2014-09 (ASU 2014-09), “Revenue from Contracts with Customers (Topic 606)”. ASU 2014-09 adopts a standardized approach for revenue recognition and was a joint effort with the International Accounting Standards Board (IASB). The new revenue recognition standard is based on a core principle of recognizing revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 does not apply to financial instruments. ASU 2014-09 is effective for public entities for reporting periods beginning after December 15, 2016 (therefore, for the year ending December 31, 2017 for the Corporation). Early implementation is not allowed for public companies. Management is currently assessing the impact to the Corporation’s consolidated financial statements. | |||||||||||
Accounting Standards Update 2014-04 (ASU 2014-04), “Receivables – Troubled Debt Restructurings by Creditors – Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.” was issued in January 2014. ASU 2014-04 clarifies that an in substance foreclosure repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either: (a) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure; or (b) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additional disclosures are required. ASU 2014-04 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2014. The adoption of ASU 2014-04 by the Company is not expected to have a material effect on the consolidated financial statements. | |||||||||||
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2014 | |||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The components of accumulated other comprehensive loss and related tax effects are as follows: | ||||||||||
Dollars in thousands | 2014 | 2013 | 2012 | ||||||||
Net unrealized gains (losses) on securities available for sale | $ | -1,722 | $ | -14,852 | $ | 2,717 | |||||
Post retirement benefit obligations | -2,267 | -1,624 | -2,832 | ||||||||
Tax effect | 1,356 | 5,603 | 39 | ||||||||
Accumulated other comprehensive loss | $ | -2,633 | $ | -10,873 | $ | -76 | |||||
Investment_Securities_Tables
Investment Securities (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||
Schedule Of Investment Securities Portfolio [Table Text Block] | The following is a summary of the Bank’s investment securities portfolio as of December 31, 2014 and 2013 (000s omitted): | ||||||||||||||||||||
Held to Maturity | |||||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||
Amortized | Unrealized | Unrealized | Market | ||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||
Obligations of States and Political | |||||||||||||||||||||
Subdivisions | 32,113 | 1,287 | -69 | 33,331 | |||||||||||||||||
Corporate Debt Securities | 500 | - | - | 500 | |||||||||||||||||
$ | 32,613 | $ | 1,287 | $ | -69 | $ | 33,831 | ||||||||||||||
Held to Maturity | |||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||
Amortized | Unrealized | Unrealized | Market | ||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||
Obligations of States and Political | |||||||||||||||||||||
Subdivisions | 34,346 | 557 | -364 | 34,539 | |||||||||||||||||
Corporate Debt Securities | 500 | - | - | 500 | |||||||||||||||||
$ | 34,846 | $ | 557 | $ | -364 | $ | 35,039 | ||||||||||||||
Available for Sale | |||||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||
Amortized | Unrealized | Unrealized | Market | ||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||
Obligations of U.S. Government Agencies | $ | 343,703 | $ | 1,372 | $ | -3,027 | $ | 342,048 | |||||||||||||
Mortgage Backed Securities issued by U.S. Government Agencies | 105,890 | 406 | -890 | 105,406 | |||||||||||||||||
Obligations of States and Political Subdivisions | 19,286 | 377 | -82 | 19,581 | |||||||||||||||||
Corporate Debt Securities | 3,975 | 27 | - | 4,002 | |||||||||||||||||
Other Securities | 2,044 | 95 | - | 2,139 | |||||||||||||||||
$ | 474,898 | $ | 2,277 | $ | -3,999 | $ | 473,176 | ||||||||||||||
Available for Sale | |||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||
Amortized | Unrealized | Unrealized | Market | ||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||
Obligations of U.S. Government Agencies | $ | 277,383 | $ | 1,147 | $ | -11,817 | $ | 266,713 | |||||||||||||
Mortgage Backed Securities issued by U.S. Government Agencies | 97,168 | 995 | -1,637 | 96,526 | |||||||||||||||||
Obligations of States and Political Subdivisions | 15,197 | 289 | -123 | 15,363 | |||||||||||||||||
Trust Preferred CDO Securities | 9,509 | - | -3,758 | 5,751 | |||||||||||||||||
Corporate Debt Securities | 7,967 | 104 | - | 8,071 | |||||||||||||||||
Other Securities | 2,584 | 43 | -95 | 2,532 | |||||||||||||||||
$ | 409,808 | $ | 2,578 | $ | -17,430 | $ | 394,956 | ||||||||||||||
Expected Maturities Of Amortized Cost and Estimated Market Value [Table Text Block] | The amortized cost, estimated market value, and weighted average yield of securities at December 31, 2014, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties (000s omitted). | ||||||||||||||||||||
Held to Maturity | Available for Sale | ||||||||||||||||||||
Estimated | Weighted | Estimated | Weighted | ||||||||||||||||||
Amortized | Market | Average | Amortized | Market | Average | ||||||||||||||||
Cost | Value | Yield | Cost | Value | Yield | ||||||||||||||||
Maturing within | |||||||||||||||||||||
1 year | $ | 5,944 | $ | 5,967 | 1.61 | % | $ | 7,834 | $ | 7,872 | 1.96 | % | |||||||||
1 through 5 years | 13,187 | 13,475 | 2.51 | % | 115,782 | 114,759 | 1.61 | % | |||||||||||||
6 through 10 years | 10,617 | 11,146 | 3.73 | % | 230,364 | 230,136 | 2.07 | % | |||||||||||||
Over 10 years | 2,865 | 3,243 | 4.57 | % | 12,984 | 12,864 | 2.44 | % | |||||||||||||
Total | 32,613 | 33,831 | 2.92 | % | 366,964 | 365,631 | 1.94 | % | |||||||||||||
Mortgage Backed Securities | - | - | 0 | % | 105,890 | 105,406 | 2.75 | % | |||||||||||||
Securities with no stated maturity | - | - | 0 | % | 2,044 | 2,139 | 0 | % | |||||||||||||
Total | $ | 32,613 | $ | 33,831 | 2.92 | % | $ | 474,898 | $ | 473,176 | 2.11 | % | |||||||||
Schedule Of Gross Unrealized Losses and Fair Value Of Investments With Unrealized Losses [Table Text Block] | The fair values of investments with an amortized cost in excess of their fair values at December 31, 2014 and December 31, 2013 are as follows (000s omitted): | ||||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||||
Gross | Gross | Gross | |||||||||||||||||||
Aggregate | Unrealized | Aggregate | Unrealized | Aggregate | Unrealized | ||||||||||||||||
Fair Value | Losses | Fair Value | Losses | Fair Value | Losses | ||||||||||||||||
Obligations of United States Government Agencies | $ | 47,695 | $ | 144 | $ | 159,650 | $ | 2,883 | $ | 207,345 | $ | 3,027 | |||||||||
Mortgage Backed Securities issued by U.S. Government Agencies | 32,756 | 175 | 40,556 | 715 | 73,312 | 890 | |||||||||||||||
Obligations of States and Political Subdivisions | 9,341 | 52 | 4,276 | 99 | 13,617 | 151 | |||||||||||||||
$ | 89,792 | $ | 371 | $ | 204,482 | $ | 3,697 | $ | 294,274 | $ | 4,068 | ||||||||||
December 31, 2013 | |||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||||
Aggregate | Gross | Aggregate | Gross | Aggregate | Gross | ||||||||||||||||
Fair Value | Unrealized | Fair Value | Unrealized | Fair Value | Unrealized | ||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||
Obligations of United States | |||||||||||||||||||||
Government Agencies | $ | 234,264 | $ | 10,828 | $ | 13,614 | $ | 989 | $ | 247,878 | $ | 11,817 | |||||||||
Mortgage Backed Securities issued by U.S. Government Agencies | 49,202 | 1,005 | 14,544 | 632 | 63,746 | 1,637 | |||||||||||||||
Obligations of States and | |||||||||||||||||||||
Political Subdivisions | 10,384 | 321 | 3,113 | 166 | 13,497 | 487 | |||||||||||||||
Trust Preferred CDO Securities | - | - | 5,751 | 3,758 | 5,751 | 3,758 | |||||||||||||||
Corporate Debt Securities | - | - | - | - | - | - | |||||||||||||||
Equity Securities | - | - | 445 | 95 | 445 | 95 | |||||||||||||||
$ | 293,850 | $ | 12,154 | $ | 37,467 | $ | 5,640 | $ | 331,317 | $ | 17,794 | ||||||||||
Loans_Tables
Loans (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] | ||||||||
Schedule Of Loan Balances Outstanding By Category [Table Text Block] | Loan balances outstanding as of December 31 consist of the following (000s omitted): | |||||||
2014 | 2013 | |||||||
Residential real estate loans | $ | 223,701 | $ | 228,024 | ||||
Commercial and Construction real estate loans | 262,395 | 280,579 | ||||||
Agriculture and agricultural real estate loans | 16,700 | 14,997 | ||||||
Commercial and industrial loans | 62,761 | 59,440 | ||||||
Loans to individuals for household, family, and other personal expenditures | 44,775 | 14,550 | ||||||
Total loans, gross | $ | 610,332 | $ | 597,590 | ||||
Less: Allowance for loan losses | 13,208 | 16,209 | ||||||
$ | 597,124 | $ | 581,381 | |||||
Allowance_For_Loan_Losses_and_1
Allowance For Loan Losses and Credit Quality of Loans (Tables) | 12 Months Ended | ||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||
Allowance For Loan Losses [Abstract] | |||||||||||||||||||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Activity in the allowance for loan losses for the years ended December 31, 2014 and 2013 was as follows (000s omitted): | ||||||||||||||||||||||
Agriculture | |||||||||||||||||||||||
and | |||||||||||||||||||||||
Agricultural | Commercial | Construction | Residential | Consumer | |||||||||||||||||||
2014 | Real Estate | Commercial | Real Estate | Real Estate | Real Estate | and Other | Total | ||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||
Beginning Balance | $ | 171 | $ | 1,989 | $ | 7,030 | $ | 1,397 | $ | 4,606 | $ | 1,016 | $ | 16,209 | |||||||||
Charge-offs | -3 | -688 | -3,543 | -254 | -1,562 | -94 | -6,144 | ||||||||||||||||
Recoveries | 10 | 341 | 1,449 | 1,077 | 608 | 158 | 3,643 | ||||||||||||||||
Provision | 38 | -281 | 1,243 | -1,417 | -426 | 343 | -500 | ||||||||||||||||
Ending balance | $ | 216 | $ | 1,361 | $ | 6,179 | $ | 803 | $ | 3,226 | $ | 1,423 | $ | 13,208 | |||||||||
Ending balance individually evaluated for impairment | $ | 34 | $ | 554 | $ | 1,502 | $ | 671 | $ | 672 | $ | 222 | $ | 3,655 | |||||||||
Ending balance collectively evaluated for impairment | 182 | 807 | 4,677 | 132 | 2,554 | 1,201 | 9,553 | ||||||||||||||||
Ending balance | $ | 216 | $ | 1,361 | $ | 6,179 | $ | 803 | $ | 3,226 | $ | 1,423 | $ | 13,208 | |||||||||
Loans: | |||||||||||||||||||||||
Ending balance individually evaluated for impairment | $ | 917 | $ | 1,414 | $ | 19,013 | $ | 2,117 | $ | 11,675 | $ | 534 | $ | 35,670 | |||||||||
Ending balance collectively evaluated for impairment | 15,783 | 61,347 | 230,456 | 10,809 | 212,026 | 44,241 | 574,662 | ||||||||||||||||
Ending balance | $ | 16,700 | $ | 62,761 | $ | 249,469 | $ | 12,926 | $ | 223,701 | $ | 44,775 | $ | 610,332 | |||||||||
2013 | Agriculture | Commercial | Commercial | Construction | Residential | Consumer | Total | ||||||||||||||||
and | Real Estate | Real Estate | Real Estate | and Other | |||||||||||||||||||
Agricultural | |||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||
Beginning Balance | $ | 76 | $ | 2,224 | $ | 7,551 | $ | 2,401 | $ | 4,715 | $ | 332 | $ | 17,299 | |||||||||
Charge-offs | - | -928 | -2,920 | -103 | -1,391 | -282 | -5,624 | ||||||||||||||||
Recoveries | 5 | 349 | 811 | 352 | 661 | 156 | 2,334 | ||||||||||||||||
Provision | 90 | 344 | 1,588 | -1,253 | 621 | 810 | 2,200 | ||||||||||||||||
Ending balance | $ | 171 | $ | 1,989 | $ | 7,030 | $ | 1,397 | $ | 4,606 | $ | 1,016 | $ | 16,209 | |||||||||
Ending balance individually evaluated for impairment | $ | 1 | $ | 1,031 | $ | 2,697 | $ | 1,194 | $ | 1,809 | $ | 265 | $ | 6,997 | |||||||||
Ending balance collectively evaluated for impairment | 170 | 958 | 4,333 | 203 | 2,797 | 751 | 9,212 | ||||||||||||||||
Ending balance | $ | 171 | $ | 1,989 | $ | 7,030 | $ | 1,397 | $ | 4,606 | $ | 1,016 | $ | 16,209 | |||||||||
Loans: | |||||||||||||||||||||||
Ending balance individually evaluated for impairment | $ | 398 | $ | 2,409 | $ | 35,592 | $ | 4,780 | $ | 16,674 | $ | 618 | $ | 60,471 | |||||||||
Ending balance collectively evaluated for impairment | 14,599 | 57,031 | 230,320 | 9,887 | 211,350 | 13,932 | 537,119 | ||||||||||||||||
Ending balance | $ | 14,997 | $ | 59,440 | $ | 265,912 | $ | 14,667 | $ | 228,024 | $ | 14,550 | $ | 597,590 | |||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | The portfolio segments in each credit risk grade as of December 31, 2014 and 2013 are as follows (000s omitted): | ||||||||||||||||||||||
2014 | Agriculture | Commercial | Commercial | Construction | Residential | Consumer | Total | ||||||||||||||||
and | Real Estate | Real Estate | Real Estate | and Other | |||||||||||||||||||
Agricultural | |||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||
Not Rated | $ | 122 | $ | 2,700 | $ | - | $ | 5,402 | $ | 138,355 | $ | 40,371 | $ | 186,950 | |||||||||
1 | - | 3,060 | - | - | - | 369 | 3,429 | ||||||||||||||||
2 | 330 | 287 | 830 | - | 132 | - | 1,579 | ||||||||||||||||
3 | 491 | 7,084 | 9,923 | - | 464 | - | 17,962 | ||||||||||||||||
4 | 13,458 | 41,441 | 176,685 | 4,357 | 58,902 | 3,260 | 298,103 | ||||||||||||||||
5 | 1,261 | 4,903 | 34,385 | 2,471 | 10,112 | 199 | 53,331 | ||||||||||||||||
6 | 1,038 | 3,286 | 27,646 | 696 | 15,736 | 576 | 48,978 | ||||||||||||||||
7 | - | - | - | - | - | - | - | ||||||||||||||||
8 | - | - | - | - | - | - | - | ||||||||||||||||
9 | - | - | - | - | - | - | - | ||||||||||||||||
Total | $ | 16,700 | $ | 62,761 | $ | 249,469 | $ | 12,926 | $ | 223,701 | $ | 44,775 | $ | 610,332 | |||||||||
Performing | $ | 15,702 | $ | 61,287 | $ | 231,461 | $ | 10,740 | $ | 211,143 | $ | 44,053 | $ | 574,386 | |||||||||
Nonperforming | 998 | 1,474 | 18,008 | 2,186 | 12,558 | 722 | 35,946 | ||||||||||||||||
Total | $ | 16,700 | $ | 62,761 | $ | 249,469 | $ | 12,926 | $ | 223,701 | $ | 44,775 | $ | 610,332 | |||||||||
2013 | Agriculture | Commercial | Commercial | Construction | Residential | Consumer | Total | ||||||||||||||||
and | Real Estate | Real Estate | Real Estate | and Other | |||||||||||||||||||
Agricultural | |||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||
Not Rated | $ | 144 | $ | 2,151 | $ | - | $ | 3,643 | $ | 141,102 | $ | 9,656 | $ | 156,696 | |||||||||
1 | - | 4,054 | - | - | - | 194 | 4,248 | ||||||||||||||||
2 | 31 | 153 | 931 | - | 142 | - | 1,257 | ||||||||||||||||
3 | 788 | 4,000 | 10,755 | 99 | 1,040 | - | 16,682 | ||||||||||||||||
4 | 12,304 | 34,130 | 172,592 | 4,825 | 53,047 | 3,743 | 280,641 | ||||||||||||||||
5 | 838 | 11,594 | 41,914 | 2,525 | 9,005 | 251 | 66,127 | ||||||||||||||||
6 | 892 | 3,358 | 39,720 | 3,575 | 23,688 | 706 | 71,939 | ||||||||||||||||
7 | - | - | - | - | - | - | - | ||||||||||||||||
8 | - | - | - | - | - | - | - | ||||||||||||||||
9 | - | - | - | - | - | - | - | ||||||||||||||||
Total | $ | 14,997 | $ | 59,440 | $ | 265,912 | $ | 14,667 | $ | 228,024 | $ | 14,550 | $ | 597,590 | |||||||||
Performing | $ | 14,428 | $ | 56,941 | $ | 235,531 | $ | 9,732 | $ | 211,149 | $ | 13,603 | $ | 541,384 | |||||||||
Nonperforming | 569 | 2,499 | 30,381 | 4,935 | 16,875 | 947 | 56,206 | ||||||||||||||||
Total | $ | 14,997 | $ | 59,440 | $ | 265,912 | $ | 14,667 | $ | 228,024 | $ | 14,550 | $ | 597,590 | |||||||||
Past Due Financing Receivables [Table Text Block] | The following is a summary of past due loans as of December 31, 2014 and 2013 (000s omitted): | ||||||||||||||||||||||
2014 | 30-59 Days | 60-89 Days | >90 Days | Total Past | Current | Total Loans | Recorded | ||||||||||||||||
Past Due | Past Due | Past Due | Due | Investment >90 | |||||||||||||||||||
Days Past Due | |||||||||||||||||||||||
and Accruing | |||||||||||||||||||||||
Agriculture and Agricultural Real Estate | $ | 449 | $ | - | $ | 80 | $ | 529 | $ | 16,171 | $ | 16,700 | $ | - | |||||||||
Commercial | 142 | 44 | 60 | 246 | 62,515 | 62,761 | 10 | ||||||||||||||||
Commercial Real Estate | 2,127 | 1,118 | 2,287 | 5,532 | 243,937 | 249,469 | - | ||||||||||||||||
Construction Real Estate | 334 | - | - | 334 | 12,592 | 12,926 | - | ||||||||||||||||
Residential Real Estate | 2,946 | 741 | 777 | 4,464 | 219,237 | 223,701 | - | ||||||||||||||||
Consumer and Other | 124 | 15 | 61 | 200 | 44,575 | 44,775 | - | ||||||||||||||||
Total | $ | 6,122 | $ | 1,918 | $ | 3,265 | $ | 11,305 | $ | 599,027 | $ | 610,332 | $ | 10 | |||||||||
2013 | 30-59 Days | 60-89 Days | >90 Days | Total Past | Current | Total Loans | Recorded | ||||||||||||||||
Past Due | Past Due | Past Due | Due | Investment | |||||||||||||||||||
>90 Days Past | |||||||||||||||||||||||
Due and | |||||||||||||||||||||||
Accruing | |||||||||||||||||||||||
Agriculture and Agricultural Real Estate | $ | 210 | $ | - | $ | 171 | $ | 381 | $ | 14,616 | $ | 14,997 | $ | - | |||||||||
Commercial | 87 | 93 | 210 | 390 | 59,050 | 59,440 | 46 | ||||||||||||||||
Commercial Real Estate | 1,640 | 535 | 3,506 | 5,681 | 260,231 | 265,912 | - | ||||||||||||||||
Construction Real Estate | 90 | 265 | 1,177 | 1,532 | 13,135 | 14,667 | - | ||||||||||||||||
Residential Real Estate | 2,612 | 803 | 2,342 | 5,757 | 222,267 | 228,024 | - | ||||||||||||||||
Consumer and Other | 150 | 52 | 153 | 355 | 14,195 | 14,550 | - | ||||||||||||||||
Total | $ | 4,789 | $ | 1,748 | $ | 7,559 | $ | 14,096 | $ | 583,494 | $ | 597,590 | $ | 46 | |||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | The following is a summary of non-accrual loans as of December 31, 2014 and 2013 (000s omitted): | ||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||
Agriculture and Agricultural Real Estate | $ | 80 | $ | 172 | |||||||||||||||||||
Commercial | 315 | 1,035 | |||||||||||||||||||||
Commercial Real Estate | 6,287 | 13,289 | |||||||||||||||||||||
Construction Real Estate | 409 | 2,009 | |||||||||||||||||||||
Residential Real Estate | 5,760 | 6,865 | |||||||||||||||||||||
Consumer and Other | 189 | 340 | |||||||||||||||||||||
Total | $ | 13,040 | $ | 23,710 | |||||||||||||||||||
Impaired Financing Receivables [Table Text Block] | The following is a summary of impaired loans as of December 31, 2014 and 2013 (000s omitted): | ||||||||||||||||||||||
2014 | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||
Agriculture and Agricultural Real Estate | $ | 256 | $ | 256 | $ | - | $ | 258 | $ | 10 | |||||||||||||
Commercial | 363 | 412 | - | 491 | 21 | ||||||||||||||||||
Commercial Real Estate | 8,084 | 8,882 | - | 9,102 | 381 | ||||||||||||||||||
Construction Real Estate | 297 | 954 | - | 1,101 | 19 | ||||||||||||||||||
Residential Real Estate | 6,424 | 7,200 | - | 7,367 | 318 | ||||||||||||||||||
Consumer and Other | 3 | 3 | - | 5 | - | ||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||
Agriculture and Agricultural Real Estate | 661 | 661 | 34 | 691 | 37 | ||||||||||||||||||
Commercial | 1,051 | 1,062 | 554 | 1,118 | 54 | ||||||||||||||||||
Commercial Real Estate | 10,929 | 12,758 | 1,502 | 12,966 | 507 | ||||||||||||||||||
Construction Real Estate | 1,820 | 1,851 | 671 | 1,878 | 88 | ||||||||||||||||||
Residential Real Estate | 5,251 | 5,658 | 672 | 5,768 | 244 | ||||||||||||||||||
Consumer and Other | 531 | 529 | 222 | 569 | 27 | ||||||||||||||||||
Total: | |||||||||||||||||||||||
Agriculture and Agricultural Real Estate | $ | 917 | $ | 917 | $ | 34 | $ | 949 | $ | 47 | |||||||||||||
Commercial | 1,414 | 1,474 | 554 | 1,609 | 75 | ||||||||||||||||||
Commercial Real Estate | 19,013 | 21,640 | 1,502 | 22,068 | 888 | ||||||||||||||||||
Construction Real Estate | 2,117 | 2,805 | 671 | 2,979 | 107 | ||||||||||||||||||
Residential Real Estate | 11,675 | 12,858 | 672 | 13,135 | 562 | ||||||||||||||||||
Consumer and Other | 534 | 532 | 222 | 574 | 27 | ||||||||||||||||||
2013 | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||
Agriculture and Agricultural Real Estate | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||
Commercial | 869 | 966 | - | 1,057 | 51 | ||||||||||||||||||
Commercial Real Estate | 19,567 | 23,005 | - | 21,074 | 913 | ||||||||||||||||||
Construction Real Estate | 1,165 | 2,408 | - | 1,826 | 88 | ||||||||||||||||||
Residential Real Estate | 7,929 | 9,035 | - | 8,405 | 389 | ||||||||||||||||||
Consumer and Other | 33 | 36 | - | 35 | 3 | ||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||
Agriculture and Agricultural Real Estate | 398 | 397 | 1 | 642 | 33 | ||||||||||||||||||
Commercial | 1,540 | 1,627 | 1,031 | 1,653 | 69 | ||||||||||||||||||
Commercial Real Estate | 16,025 | 20,032 | 2,697 | 18,310 | 812 | ||||||||||||||||||
Construction Real Estate | 3,615 | 4,236 | 1,194 | 4,109 | 328 | ||||||||||||||||||
Residential Real Estate | 8,745 | 9,194 | 1,809 | 9,168 | 403 | ||||||||||||||||||
Consumer and Other | 585 | 581 | 265 | 596 | 23 | ||||||||||||||||||
Total: | |||||||||||||||||||||||
Agriculture and Agricultural Real Estate | $ | 398 | $ | 397 | $ | 1 | $ | 642 | $ | 33 | |||||||||||||
Commercial | 2,409 | 2,593 | 1,031 | 2,710 | 120 | ||||||||||||||||||
Commercial Real Estate | 35,592 | 43,037 | 2,697 | 39,384 | 1,725 | ||||||||||||||||||
Construction Real Estate | 4,780 | 6,644 | 1,194 | 5,935 | 416 | ||||||||||||||||||
Residential Real Estate | 16,674 | 18,229 | 1,809 | 17,573 | 792 | ||||||||||||||||||
Consumer and Other | 618 | 617 | 265 | 631 | 26 | ||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Loans that were classified as TDRs during the years ended December 31, 2014 and December 31, 2013 are as follows (000s omitted from dollar amounts): | ||||||||||||||||||||||
December 31, 2014 | December 31, 2013 | ||||||||||||||||||||||
Number of | Pre | Post | Number of | Pre | Post | ||||||||||||||||||
Contracts | Modification | Modification | Contracts | Modification | Modification | ||||||||||||||||||
Recorded | Recorded | Recorded | Recorded | ||||||||||||||||||||
Principal | Principal | Principal | Principal | ||||||||||||||||||||
Balance | Balance | Balance | Balance | ||||||||||||||||||||
Agriculture and Agricultural Real Estate | 1 | $ | 314 | $ | 313 | - | $ | - | $ | - | |||||||||||||
Commercial | 4 | 295 | 53 | 16 | 2,635 | 689 | |||||||||||||||||
Commercial Real Estate | 6 | 1,990 | 1,496 | 11 | 2,534 | 1,626 | |||||||||||||||||
Construction Real Estate | 3 | 43 | 22 | - | - | - | |||||||||||||||||
Residential Real Estate | 17 | 1,118 | 749 | 32 | 3,042 | 2,205 | |||||||||||||||||
Consumer and Other | 2 | 21 | 20 | 7 | 540 | 295 | |||||||||||||||||
Total | 33 | $ | 3,781 | $ | 2,653 | 66 | $ | 8,751 | $ | 4,815 | |||||||||||||
Troubled Debt Restructurings On Financing Receivables Default [Table Text Block] | The Bank considers TDRs that become past due under the modified terms as defaulted. Loans that became TDRs during the years ended December 31, 2014 and December 31, 2013 that subsequently defaulted during the years ended December 31, 2014 and December 31, 2013, respectively, are as follows (000s omitted from dollar amounts): | ||||||||||||||||||||||
December 31, 2014 | December 31, 2013 | ||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | ||||||||||||||||||||
Contracts | Principal | Contracts | Principal | ||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||
Agriculture and Agricultural Real Estate | - | $ | - | - | $ | - | |||||||||||||||||
Commercial | - | - | 2 | 12 | |||||||||||||||||||
Commercial Real Estate | - | - | - | - | |||||||||||||||||||
Construction Real Estate | - | - | - | - | |||||||||||||||||||
Residential Real Estate | 1 | 114 | 2 | 33 | |||||||||||||||||||
Consumer and Other | - | - | - | - | |||||||||||||||||||
Total | 1 | $ | 114 | 4 | $ | 45 | |||||||||||||||||
Bank_Premises_and_Equipment_Ta
Bank Premises and Equipment (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Property, Plant and Equipment, Gross [Abstract] | ||||||||
Property, Plant and Equipment [Table Text Block] | Bank premises and equipment as of year-end are as follows (000s omitted): | |||||||
2014 | 2013 | |||||||
Land, buildings and improvements | $ | 46,774 | $ | 45,955 | ||||
Equipment, furniture and fixtures | 23,944 | 22,705 | ||||||
Total Bank premises and equipment | $ | 70,718 | $ | 68,660 | ||||
Less accumulated depreciation | 42,086 | 40,447 | ||||||
Bank premises and equipment, net | $ | 28,632 | $ | 28,213 | ||||
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block] | The future minimum lease payments are as follows: | |||||||
Year | Minimum | |||||||
Payment | ||||||||
2015 | $ | 176,000 | ||||||
2016 | 161,000 | |||||||
2017 | 73,000 | |||||||
2018 | 28,000 | |||||||
2019 | 21,000 | |||||||
Thereafter | 34,000 | |||||||
Deposits_Tables
Deposits (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Banking and Thrift [Abstract] | ||||||||
Maturities Of Certificates Of Deposit [Table Text Block] | The following table shows the scheduled maturities of Certificates of Deposit as of December 31, 2014 (000s omitted): | |||||||
Under | $100,000 and | |||||||
$100,000 | over | |||||||
2015 | $ | 67,490 | $ | 40,456 | ||||
2016 | 30,463 | 13,213 | ||||||
2017 | 19,082 | 7,045 | ||||||
2018 | 6,691 | 5,001 | ||||||
2019 | 7,700 | 8,639 | ||||||
Thereafter | - | - | ||||||
Total | $ | 131,426 | $ | 74,354 | ||||
Retirement_Plans_and_Postretir1
Retirement Plans and Postretirement Benefit Plans (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] | ||||||||||||||
ScheduleOfChangesInAccumulatedPostemploymentBenefitObligationsForInterestPayableAndOtherLiabilities [Table Text Block] | A reconciliation of the accumulated postretirement benefit obligation (“APBO”) to the amounts recorded in the consolidated balance sheets in Interest Payable and Other Liabilities at December 31 is as follows (000s omitted): | |||||||||||||
2014 | 2013 | |||||||||||||
APBO | $ | 3,865 | $ | 2,781 | ||||||||||
Unrecognized net transition obligation | - | - | ||||||||||||
Unrecognized prior service costs | - | -2 | ||||||||||||
Unrecognized net gain (loss) | -780 | 143 | ||||||||||||
Accrued benefit cost at fiscal year end | $ | 3,085 | $ | 2,922 | ||||||||||
Schedule of Changes in Accumulated Postemployment Benefit Obligations [Table Text Block] | The changes recorded in the accumulated postretirement benefit obligation were as follows (000s omitted): | |||||||||||||
2014 | 2013 | |||||||||||||
APBO at beginning of year | $ | 2,781 | $ | 3,074 | ||||||||||
Service cost | 135 | 134 | ||||||||||||
Interest cost | 144 | 106 | ||||||||||||
Actuarial loss (gain) | 925 | -428 | ||||||||||||
Plan participants' contributions | 81 | 101 | ||||||||||||
Benefits paid during year | -201 | -206 | ||||||||||||
APBO at end of year | $ | 3,865 | $ | 2,781 | ||||||||||
Schedule of Net Benefit Costs [Table Text Block] | Components of the Bank’s postretirement benefit expense were as follows: | |||||||||||||
2014 | 2013 | 2012 | ||||||||||||
Service cost | $ | 135 | $ | 134 | $ | 109 | ||||||||
Interest cost | 144 | 106 | 109 | |||||||||||
Amortization of transition obligation | - | - | 54 | |||||||||||
Prior service costs | 2 | 4 | 4 | |||||||||||
Amortization of gains | 1 | - | - | |||||||||||
Net postretirement benefit expense | $ | 282 | $ | 244 | $ | 276 | ||||||||
Schedule Of Postretirement Death And Health Benefits [Table Text Block] | Information for the postretirement death benefits and health care benefits is as follows as of the December 31 measurement date (000s): | |||||||||||||
Postretirement Death Benefit | Postretirement Health Care | |||||||||||||
Obligations | Benefits | |||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||
Change in benefit obligation | ||||||||||||||
Benefit obligation at beginning of year | $ | 5,741 | 6,087 | $ | 2,781 | $ | 3,074 | |||||||
Service cost | 16 | 21 | 135 | 134 | ||||||||||
Interest cost | 252 | 223 | 144 | 106 | ||||||||||
Plan participants' contributions | - | - | 81 | 101 | ||||||||||
Actuarial loss (gain) | -117 | -590 | 925 | -428 | ||||||||||
Benefits paid | - | - | -201 | -206 | ||||||||||
Benefit obligation at end of year | $ | 5,892 | $ | 5,741 | $ | 3,865 | $ | 2,781 | ||||||
Change in accrued benefit cost | ||||||||||||||
Accrued benefit cost at beginning of year | $ | 3,976 | $ | 3,545 | $ | 2,922 | $ | 2,783 | ||||||
Service cost | 16 | 21 | 135 | 134 | ||||||||||
Interest cost | 252 | 223 | 144 | 106 | ||||||||||
Amortization | 161 | 187 | 3 | 4 | ||||||||||
Employer contributions | - | - | -120 | -105 | ||||||||||
Net gain | - | - | 1 | - | ||||||||||
Accrued benefit cost at end of year | $ | 4,405 | $ | 3,976 | $ | 3,085 | $ | 2,922 | ||||||
Change in plan assets | ||||||||||||||
Fair value of plan assets at beginning of year | $ | - | $ | - | $ | - | $ | - | ||||||
Employer contributions | - | - | 120 | 105 | ||||||||||
Plan participants' contributions | - | - | 81 | 101 | ||||||||||
Benefits paid during year | - | - | -201 | -206 | ||||||||||
Fair value of plan assets at end of year | $ | - | $ | - | $ | - | $ | - | ||||||
Funded status at end of year | $ | -5,892 | $ | -5,741 | $ | -3,865 | $ | -2,781 | ||||||
Schedule of Amounts Recognized in Balance Sheet [Table Text Block] | Amounts recognized in other liabilities as of December 31 consist of (000s): | |||||||||||||
Postretirement Death Benefit | Postretirement Health Care | |||||||||||||
Obligations | Benefits | |||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||
Assets | $ | - | - | $ | - | $ | - | |||||||
Liabilities | 5,892 | 5,741 | 3,865 | 2,781 | ||||||||||
Total | $ | 5,892 | $ | 5,741 | $ | 3,865 | $ | 2,781 | ||||||
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | Amounts recognized in accumulated other comprehensive income as of December 31 consist of (000s): | |||||||||||||
Postretirement Death Benefit | Postretirement Health Care | |||||||||||||
Obligations | Benefits | |||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||
Net loss (gain) | $ | -150 | -33 | $ | 780 | $ | -143 | |||||||
Transition obligation (asset) | - | - | - | - | ||||||||||
Prior service cost (credit) | 1,637 | 1,798 | - | 2 | ||||||||||
Total included in AOCI | $ | 1,487 | $ | 1,765 | $ | 780 | $ | -141 | ||||||
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | The projected payments under each postretirement plan for the next 10 years are as follows: | |||||||||||||
Year | Postretirement Death | Postretirement Health | ||||||||||||
Benefit Obligations | Care Benefits | |||||||||||||
2015 | $ | 217,000 | $ | 105,000 | ||||||||||
2016 | 228,000 | 121,000 | ||||||||||||
2017 | 238,000 | 133,000 | ||||||||||||
2018 | 247,000 | 155,000 | ||||||||||||
2019 | 257,000 | 169,000 | ||||||||||||
2020 - 2024 | 1,468,000 | 1,033,000 | ||||||||||||
Disclosures_about_Fair_Value_o1
Disclosures about Fair Value of Financial Instruments (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||
Schedule Of Fair Value And Carrying Value [Table Text Block] | The carrying amounts and approximate fair values as of December 31, 2014 and December 31, 2013 are as follows (000s omitted): | ||||||||||||||||
Total | |||||||||||||||||
Carrying | Estimated | ||||||||||||||||
December 31, 2014 | Value | Level 1 | Level 2 | Level 3 | Fair Value | ||||||||||||
Financial Assets: | |||||||||||||||||
Cash and due from banks | $ | 52,122 | $ | 52,122 | $ | - | $ | - | $ | 52,122 | |||||||
Securities - Held to Maturity | |||||||||||||||||
Obligations of States and Political Subdivisions | 32,113 | - | 33,331 | - | 33,331 | ||||||||||||
Corporate Debt Securities | 500 | - | 500 | - | 500 | ||||||||||||
Securities - Available for Sale | |||||||||||||||||
Obligations of U.S. Government Agencies | 342,048 | - | 342,048 | - | 342,048 | ||||||||||||
MBS issued by U.S. Government Agencies | 105,406 | - | 105,406 | - | 105,406 | ||||||||||||
Obligations of States and Political Subdivisions | 19,581 | - | 19,581 | - | 19,581 | ||||||||||||
Corporate Debt Securities | 4,002 | - | 4,002 | - | 4,002 | ||||||||||||
Other Securities | 2,139 | 2,139 | - | - | 2,139 | ||||||||||||
Federal Home Loan Bank Stock | 7,537 | - | 7,537 | - | 7,537 | ||||||||||||
Loans Held for Sale | 548 | - | - | 560 | 560 | ||||||||||||
Loans, net | 597,124 | - | - | 608,109 | 608,109 | ||||||||||||
Accrued Interest Receivable | 3,943 | - | - | 3,943 | 3,943 | ||||||||||||
Financial Liabilities: | |||||||||||||||||
Noninterest Bearing Deposits | 218,221 | 218,221 | - | - | 218,221 | ||||||||||||
Interest Bearings Deposits | 893,590 | - | 895,522 | - | 895,522 | ||||||||||||
Repurchase Agreements | 15,000 | - | 15,828 | - | 15,828 | ||||||||||||
Accrued Interest Payable | 137 | - | - | 137 | 137 | ||||||||||||
Total | |||||||||||||||||
Carrying | Estimated | ||||||||||||||||
December 31, 2013 | Value | Level 1 | Level 2 | Level 3 | Fair Value | ||||||||||||
Financial Assets: | |||||||||||||||||
Cash and due from banks | $ | 77,798 | $ | 77,798 | $ | - | $ | - | $ | 77,798 | |||||||
Securities - Held to Maturity | |||||||||||||||||
Obligations of States and Political Subdivisions | 34,346 | - | 34,539 | - | 34,539 | ||||||||||||
Corporate Debt Securities | 500 | - | 500 | - | 500 | ||||||||||||
Securities - Available for Sale | |||||||||||||||||
Obligations of U.S. Government Agencies | 266,713 | - | 266,713 | - | 266,713 | ||||||||||||
MBS issued by U.S. Government Agencies | 96,526 | - | 96,526 | - | 96,526 | ||||||||||||
Obligations of States and Political Subdivisions | 15,363 | - | 15,363 | - | 15,363 | ||||||||||||
Trust Preferred CDO Securities | 5,751 | - | - | 5,751 | 5,751 | ||||||||||||
Corporate Debt Securities | 8,071 | - | 8,071 | - | 8,071 | ||||||||||||
Other Securities | 2,532 | 2,087 | 445 | - | 2,532 | ||||||||||||
Federal Home Loan Bank Stock | 10,605 | - | 10,605 | - | 10,605 | ||||||||||||
Loans Held for Sale | 668 | - | - | 682 | 682 | ||||||||||||
Loans, net | 581,381 | - | - | 591,471 | 591,471 | ||||||||||||
Accrued Interest Receivable | 3,502 | - | - | 3,502 | 3,502 | ||||||||||||
Financial Liabilities: | |||||||||||||||||
Noninterest Bearing Deposits | 215,844 | 215,844 | - | - | 215,844 | ||||||||||||
Interest Bearings Deposits | 853,874 | - | 857,149 | - | 857,149 | ||||||||||||
Borrowed funds | |||||||||||||||||
FHLB Advances | 12,000 | - | 12,000 | - | 12,000 | ||||||||||||
Repurchase Agreements | 15,000 | - | 16,352 | - | 16,352 | ||||||||||||
Accrued Interest Payable | 179 | - | - | 179 | 179 | ||||||||||||
Federal_Income_Taxes_Tables
Federal Income Taxes (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2014 | |||||||||||
Income Tax Disclosure [Abstract] | |||||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The provision for Federal income taxes consists of the following (000s omitted): | ||||||||||
2014 | 2013 | 2012 | |||||||||
Federal income taxes currently payable | $ | 69 | $ | 42 | $ | 1,497 | |||||
Provision (credit) for deferred taxes on: | |||||||||||
Book (over) under tax loan loss provision | 1,059 | -466 | 1,386 | ||||||||
Accretion of bond discount | 161 | 45 | -5 | ||||||||
Net deferred loan origination fees | -419 | 10 | -56 | ||||||||
Accrued postretirement benefits | -224 | -280 | -296 | ||||||||
Tax over (under) book depreciation | -34 | -462 | 180 | ||||||||
Alternative minimum tax | -63 | - | - | ||||||||
Non-accrual loan interest | 274 | 602 | -770 | ||||||||
Other real estate owned | 136 | 805 | -253 | ||||||||
Other than temporary impairment AFS securities | 566 | - | - | ||||||||
Net operating loss carry forward | 630 | 1,559 | -697 | ||||||||
Other, net | 417 | -87 | -173 | ||||||||
Total deferred provision (benefit) | 2,503 | 1,726 | -684 | ||||||||
Valuation allowance deferred tax assets | - | -19,881 | -4,316 | ||||||||
Net deferred provision (benefit) | 2,503 | -18,155 | -5,000 | ||||||||
Tax expense (benefit) | $ | 2,572 | $ | -18,113 | $ | -3,503 | |||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The effective tax rate differs from the statutory rate applicable to corporations as a result of permanent differences between accounting and taxable income as follows: | ||||||||||
2014 | 2013 | 2012 | |||||||||
Statutory rate | 34 | % | 34 | % | 34 | % | |||||
Municipal interest income | -3.9 | -5.4 | -7.9 | ||||||||
Other, net | -4.1 | -4.8 | -10 | ||||||||
Valuation allowance | - | -267.8 | -85.6 | ||||||||
Effective tax rate | 26 | % | -244 | % | -69.5 | % | |||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | The components of the net deferred Federal income tax asset (included in Interest Receivable and Other Assets on the accompanying consolidated balance sheets) at December 31 are as follows (000s omitted): | ||||||||||
2014 | 2013 | ||||||||||
Deferred Federal income tax assets: | |||||||||||
Allowance for loan losses | $ | 5,488 | $ | 6,547 | |||||||
Net deferred loan origination fees | 662 | 243 | |||||||||
Tax versus book depreciation differences | 494 | 460 | |||||||||
Net unrealized losses on securities available for sale | 586 | 5,050 | |||||||||
Accrued postretirement benefits | 3,708 | 3,265 | |||||||||
Alternative minimum tax | 834 | 771 | |||||||||
Non-accrual loan interest | 1,212 | 1,486 | |||||||||
Other real estate owned | 1,265 | 1,401 | |||||||||
Other than temporary impairment AFS securities | - | 566 | |||||||||
Net operating loss | 7,497 | 8,127 | |||||||||
Other, net | 1,223 | 1,248 | |||||||||
Total deferred tax asset | 22,969 | 29,164 | |||||||||
Deferred Federal income tax liabilities: | |||||||||||
Accretion of bond discount | $ | -224 | $ | -63 | |||||||
Net unrealized gains on securities available for sale | - | - | |||||||||
Tax versus book depreciation differences | - | - | |||||||||
Other | -737 | -345 | |||||||||
Total deferred federal tax liabilities | $ | -961 | $ | -408 | |||||||
Net deferred Federal income tax asset (liability) | $ | 22,008 | $ | 28,756 | |||||||
Regulatory_Capital_Requirement1
Regulatory Capital Requirements (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Regulatory Capital Requirements [Abstract] | ||||||||||||||
Regulatory Capital Requirements [Text Block] | The Corporation’s and Bank’s actual capital amounts and ratios are also presented in the table (000s omitted in dollar amounts). | |||||||||||||
Actual | Minimum to Qualify as | |||||||||||||
Well Capitalized | ||||||||||||||
Amount | Ratio | Amount | Ratio | |||||||||||
As of December 31, 2014: | ||||||||||||||
Total Capital to Risk-Weighted Assets | ||||||||||||||
Consolidated | $ | 129,032 | 17.22 | % | $ | 74,917 | 10 | % | ||||||
Monroe Bank & Trust | 127,400 | 17.01 | % | 74,895 | 10 | % | ||||||||
Tier 1 Capital to Risk-Weighted Assets | ||||||||||||||
Consolidated | 119,573 | 15.96 | % | 44,950 | 6 | % | ||||||||
Monroe Bank & Trust | 117,944 | 15.75 | % | 44,937 | 6 | % | ||||||||
Tier 1 Capital to Average Assets | ||||||||||||||
Consolidated | 119,573 | 9.68 | % | 61,731 | 5 | % | ||||||||
Monroe Bank & Trust | 117,944 | 9.55 | % | 61,721 | 5 | % | ||||||||
Actual | Minimum to Qualify as | |||||||||||||
Well Capitalized* | ||||||||||||||
Amount | Ratio | Amount | Ratio | |||||||||||
As of December 31, 2013: | ||||||||||||||
Total Capital to Risk-Weighted Assets | ||||||||||||||
Consolidated | $ | 110,414 | 14.55 | % | $ | 75,899 | 10 | % | ||||||
Monroe Bank & Trust | 108,818 | 14.36 | % | 75,760 | 10 | % | ||||||||
Tier 1 Capital to Risk-Weighted Assets | ||||||||||||||
Consolidated | 100,839 | 13.29 | % | 45,540 | 6 | % | ||||||||
Monroe Bank & Trust | 99,242 | 13.1 | % | 45,456 | 6 | % | ||||||||
Tier 1 Capital to Average Assets | ||||||||||||||
Consolidated | 100,839 | 8.61 | % | 58,593 | 5 | % | ||||||||
Monroe Bank & Trust | 99,242 | 8.48 | % | 58,522 | 5 | % | ||||||||
* Although the Bank’s capital ratios exceed the “Well Capitalized” minimums, the Bank was categorized as “Adequately Capitalized” as of December 31, 2013 due to its Consent Order with the FDIC. | ||||||||||||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2014 | |||||||||||
Earnings Per Share [Abstract] | |||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | The calculation of earnings per common share for the years ended December 31 is as follows: | ||||||||||
2014 | 2013 | 2012 | |||||||||
Basic | |||||||||||
Net income | $ | 7,315,000 | $ | 25,537,000 | $ | 8,545,000 | |||||
Less preferred dividends | - | - | - | ||||||||
Net income applicable to common stock | $ | 7,315,000 | $ | 25,537,000 | $ | 8,545,000 | |||||
Average common shares outstanding | 22,109,911 | 17,882,070 | 17,332,012 | ||||||||
Income per common share - basic | $ | 0.33 | $ | 1.43 | $ | 0.49 | |||||
2014 | 2013 | 2012 | |||||||||
Diluted | |||||||||||
Net income | $ | 7,315,000 | $ | 25,537,000 | $ | 8,545,000 | |||||
Less preferred dividends | - | - | - | ||||||||
Net income applicable to common stock | $ | 7,315,000 | $ | 25,537,000 | $ | 8,545,000 | |||||
Average common shares outstanding | 22,109,911 | 17,882,070 | 17,332,012 | ||||||||
Stock option adjustment | 180,657 | 203,024 | 101,801 | ||||||||
Average common shares outstanding - diluted | 22,290,568 | 18,085,094 | 17,433,813 | ||||||||
Income per common share - diluted | $ | 0.33 | $ | 1.41 | $ | 0.49 | |||||
StockBased_Compensation_Plan_T
Stock-Based Compensation Plan (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||||||||||||||||||
Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity [Table Text Block] | A summary of the status of stock options and SOSARs under the plans is presented in the tables below. | |||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Stock Options | Shares | Weighted | Shares | Weighted | Shares | Weighted | ||||||||||||||
Average | Average | Average | ||||||||||||||||||
Exercise | Exercise | Exercise | ||||||||||||||||||
Price | Price | Price | ||||||||||||||||||
Options Outstanding, January 1 | 283,900 | $ | 18.41 | 396,835 | $ | 17.57 | 436,503 | $ | 17.34 | |||||||||||
Granted | - | - | - | - | - | - | ||||||||||||||
Exercised | - | - | - | - | - | - | ||||||||||||||
Forfeited | 1,500 | 15.33 | 49,600 | 18.31 | 17,500 | 16.57 | ||||||||||||||
Expired | 77,000 | 16.69 | 63,335 | 13.2 | 22,168 | 13.85 | ||||||||||||||
Options Outstanding, December 31 | 205,400 | $ | 19.08 | 283,900 | $ | 18.41 | 396,835 | $ | 17.57 | |||||||||||
Options Exercisable, December 31 | 205,400 | $ | 19.08 | 283,900 | $ | 18.41 | 396,835 | $ | 17.57 | |||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Stock Only Stock Appreciation | Shares | Weighted | Shares | Weighted | Shares | Weighted | ||||||||||||||
Rights (SOSARs) | Average | Average | Average | |||||||||||||||||
Exercise | Exercise | Exercise | ||||||||||||||||||
Price | Price | Price | ||||||||||||||||||
SOSARs Outstanding, January 1 | 472,271 | $ | 3.23 | 410,666 | $ | 3.53 | 320,000 | $ | 4.08 | |||||||||||
Granted | 110,000 | 4.9 | 112,369 | 2.35 | 104,000 | 1.85 | ||||||||||||||
Exercised | 18,998 | 2.15 | 35,464 | 2.28 | - | - | ||||||||||||||
Forfeited | 5,834 | 4.91 | 15,300 | 7.09 | 13,334 | 3.68 | ||||||||||||||
Expired | - | - | - | - | - | - | ||||||||||||||
SOSARs Outstanding, December 31 | 557,439 | $ | 3.58 | 472,271 | $ | 3.23 | 410,666 | $ | 3.53 | |||||||||||
SOSARs Exercisable, December 31 | 450,888 | $ | 3.45 | 373,560 | $ | 3.5 | 319,630 | $ | 4.01 | |||||||||||
Weighted Average Fair Value of Options or SOSARs Granted During Year | $ | 2.98 | $ | 1.43 | $ | 1.11 | ||||||||||||||
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | The options and SOSARs exercisable as of December 31, 2014 are exercisable at prices ranging from $1.52 to $23.40. The number of options and SOSARs and remaining life at each exercise price are as follows: | |||||||||||||||||||
Outstanding and Exercisable Options | ||||||||||||||||||||
Exercise | Shares | Remaining Life | ||||||||||||||||||
Price | (in years) | |||||||||||||||||||
$ | 15.33 | 62,700 | 1.95 | |||||||||||||||||
$ | 16.24 | 53,200 | 0.98 | |||||||||||||||||
$ | 23.4 | 89,500 | 0.01 | |||||||||||||||||
205,400 | 0.85 | |||||||||||||||||||
Outstanding SOSARs | Exercisable SOSARs | |||||||||||||||||||
Exercise | Shares | Remaining Life | Shares | Remaining Life | ||||||||||||||||
Price | (in years) | (in years) | ||||||||||||||||||
$ | 1.52 | 12,000 | 5.01 | 12,000 | 5.01 | |||||||||||||||
$ | 1.85 | 165,336 | 6.42 | 165,336 | 6.42 | |||||||||||||||
$ | 2.35 | 105,703 | 7.97 | 72,505 | 7.97 | |||||||||||||||
$ | 3.03 | 94,700 | 3.92 | 94,700 | 3.92 | |||||||||||||||
$ | 4.9 | 110,000 | 9.18 | 36,647 | 9.18 | |||||||||||||||
$ | 8.53 | 69,700 | 3.49 | 69,700 | 3.49 | |||||||||||||||
557,439 | 6.44 | 450,888 | 5.88 | |||||||||||||||||
Schedule Of Share Based Compensation Arrangement By Share Based Payment Award Stock Only Stock Appreciation Rights Vested And Expected To Vest Outstanding [Table Text Block] | A summary of the status of the Corporation’s non-vested SOSARs as of December 31, 2014 and changes during the year ended December 31, 2014 is as follows: | |||||||||||||||||||
Nonvested SOSAR Shares | Shares | Weighted Average | ||||||||||||||||||
Grant Date Fair | ||||||||||||||||||||
Value | ||||||||||||||||||||
Nonvested at January 1, 2014 | 98,711 | $ | 1.33 | |||||||||||||||||
Granted | 110,000 | 2.98 | ||||||||||||||||||
Vested | -98,826 | 1.91 | ||||||||||||||||||
Forfeited | -3,334 | 1.33 | ||||||||||||||||||
Nonvested at December 31, 2014 | 106,551 | $ | 2.5 | |||||||||||||||||
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block] | A summary of the status of the Corporation’s non-vested restricted stock awards as of December 31, 2014, 2013, and 2012, and changes during the years then ended is as follows: | |||||||||||||||||||
Restricted Stock Awards | 2014 | 2013 | 2012 | |||||||||||||||||
Nonvested at January 1 | 25,000 | 50,000 | 120,000 | |||||||||||||||||
Granted | 6,000 | - | 10,000 | |||||||||||||||||
Vested | 31,000 | 25,000 | 80,000 | |||||||||||||||||
Forfeited | - | - | - | |||||||||||||||||
Nonvested at December 31 | - | 25,000 | 50,000 | |||||||||||||||||
Schedule Of Share Based Compensation Arrangement By Share Based Payment Award Restricted Stock Units Awards Performance To Be Achieved [Table Text Block] | Performance Metric | Weighting | Performance | 2014 Performance | 2015 Performance | |||||||||||||||
Percentage | Requirement | Threshold | Threshold | |||||||||||||||||
Net Income before tax | 50 | % | At or greater than | $ | 8,413,000 | $ | 9,232,000 | |||||||||||||
Classified Assets to Capital Ratio | 50 | % | At or less than | 50 | % | 30 | % | |||||||||||||
Performance Metric | Weighting | Performance | 2013 Performance | 2014 Performance | ||||||||||||||||
Percentage | Requirement | Threshold | Threshold | |||||||||||||||||
Net Income before tax | 25 | % | At or greater than | $ | 6,400,000 | $ | 9,000,000 | |||||||||||||
Tier 1 leverage ratio | 25 | % | At or greater than | 7.75 | % | 8.25 | % | |||||||||||||
Texas Ratio | 50 | % | At or less than | 50 | % | 35 | % | |||||||||||||
Parent_Company_Tables
Parent Company (Tables ) | 12 Months Ended | ||||||||||
Dec. 31, 2014 | |||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |||||||||||
Condensed Balance Sheet [Table Text Block] | Condensed parent company financial statements, which include transactions with the subsidiary, are as follows (000s omitted): | ||||||||||
Balance Sheets | |||||||||||
December 31, | |||||||||||
2014 | 2013 | ||||||||||
Assets | |||||||||||
Cash and due from banks | $ | 1,719 | $ | 493 | |||||||
Securities | - | 446 | |||||||||
Investment in subsidiary bank | 132,352 | 109,039 | |||||||||
Other assets | 821 | 902 | |||||||||
Total assets | $ | 134,892 | $ | 110,880 | |||||||
Liabilities | |||||||||||
Accounts payable and accrued expenses | $ | 356 | $ | 272 | |||||||
Total liabilities | 356 | 272 | |||||||||
Stockholders' Equity | |||||||||||
Total stockholders' equity | 134,536 | 110,608 | |||||||||
Total liabilities and stockholders' equity | $ | 134,892 | $ | 110,880 | |||||||
Condensed Income Statement [Table Text Block] | Statements of Income | ||||||||||
Years Ended December 31, | |||||||||||
2014 | 2013 | 2012 | |||||||||
Income | |||||||||||
Dividends from subsidiary bank | $ | - | $ | - | $ | - | |||||
Net gain on sales of securities | 214 | - | - | ||||||||
Total income | 214 | - | - | ||||||||
Expense | |||||||||||
Interest on borrowed funds | - | 4 | 12 | ||||||||
Other expense | 282 | 274 | 272 | ||||||||
Total expense | 282 | 278 | 284 | ||||||||
Loss before tax and equity in undistributed net income of subsidiary bank | -68 | -278 | -284 | ||||||||
Income tax expense (benefit) | 2 | -432 | - | ||||||||
Income (Loss) before equity in undistributed net income of subsidiary bank | -70 | 154 | -284 | ||||||||
Equity in undistributed net income (loss) of subsidiary bank | 7,385 | 25,383 | 8,829 | ||||||||
Net Income | $ | 7,315 | $ | 25,537 | $ | 8,545 | |||||
Condensed Cash Flow Statement [Table Text Block] | Statements of Cash Flows | ||||||||||
Years Ended December 31, | |||||||||||
2014 | 2013 | 2012 | |||||||||
Cash Flows Used For Operating Activities: | |||||||||||
Net income | $ | 7,315 | $ | 25,537 | $ | 8,545 | |||||
Equity in undistributed net income of subsidiary bank | -7,385 | -25,383 | -8,829 | ||||||||
Gain on sales of investment securities | -214 | - | - | ||||||||
Net decrease in other liabilities | 84 | 134 | 138 | ||||||||
Net (increase) decrease in other assets | 57 | -605 | -1 | ||||||||
Net cash used for operating activities | $ | -143 | $ | -317 | $ | -147 | |||||
Cash Flows Used For Investing Activities: | |||||||||||
Sales and maturities of investment securities | $ | 754 | $ | - | $ | - | |||||
Investment in subsidiary | -7,500 | -11,350 | - | ||||||||
Net cash used for investing activities | $ | -6,746 | $ | -11,350 | $ | - | |||||
Cash Flows Provided By Financing Activities: | |||||||||||
Issuance of common stock | $ | 8,115 | $ | 12,083 | $ | 243 | |||||
Repayment of long term debt | - | -135 | - | ||||||||
Net cash provided by financing activities | $ | 8,115 | $ | 11,948 | $ | 243 | |||||
Net Increase In Cash And Cash Equivalents | $ | 1,226 | $ | 281 | $ | 96 | |||||
Cash and Cash Equivalents At Beginning Of Year | 493 | 212 | 116 | ||||||||
Cash And Cash Equivalents At End Of Year | $ | 1,719 | $ | 493 | $ | 212 | |||||
Financial_Instruments_with_Off1
Financial Instruments with Off-Balance Sheet Risk (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Fair Value Off Balance Sheet Risk [Abstract] | ||||||||
Schedule Of Unlunded Loan Commitments And Letters Of Credit [Table Text Block] | Financial instruments whose contractual amounts represent off-balance sheet credit risk at December 31 were as follows (000s omitted): | |||||||
Contractual Amount | ||||||||
2014 | 2013 | |||||||
Commitments to extend credit: | ||||||||
Unused portion of commercial lines of credit | $ | 66,319 | $ | 68,159 | ||||
Unused portion of credit card lines of credit | 3,630 | 3,255 | ||||||
Unused portion of home equity lines of credit | 19,544 | 16,769 | ||||||
Standby letters of credit and financial guarantees written | 3,178 | 3,667 | ||||||
All other off-balance sheet assets | - | - | ||||||
Quarterly_Financial_Informatio1
Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ||||||||||||||
Schedule of Quarterly Financial Information [Table Text Block] | 2014 | First | Second | Third | Fourth | |||||||||
Total Interest Income | $ | 9,536 | $ | 9,540 | $ | 9,797 | $ | 9,666 | ||||||
Total Interest Expense | 1,041 | 988 | 945 | 864 | ||||||||||
Net Interest Income | 8,495 | 8,552 | 8,852 | 8,802 | ||||||||||
Provision for (Recovery of) Loan Losses | 100 | 100 | -700 | - | ||||||||||
Other Income | 3,664 | 3,584 | 2,125 | 3,980 | ||||||||||
Other Expenses | 9,699 | 9,791 | 9,362 | 9,815 | ||||||||||
Income Before Provision For Income Taxes | 2,360 | 2,245 | 2,315 | 2,967 | ||||||||||
Provision For Income Taxes | 593 | 558 | 603 | 818 | ||||||||||
Net Income | $ | 1,767 | $ | 1,687 | $ | 1,712 | $ | 2,149 | ||||||
Basic Earnings Per Common Share | $ | 0.08 | $ | 0.08 | $ | 0.08 | $ | 0.09 | ||||||
Diluted Earnings Per Common Share | $ | 0.08 | $ | 0.08 | $ | 0.07 | $ | 0.09 | ||||||
Dividends Declared Per Share | $ | - | $ | - | $ | - | $ | - | ||||||
2013 | First | Second | Third | Fourth | ||||||||||
Total Interest Income | $ | 10,061 | $ | 9,741 | $ | 9,764 | $ | 9,672 | ||||||
Total Interest Expense | 2,017 | 1,652 | 1,225 | 1,143 | ||||||||||
Net Interest Income | 8,044 | 8,089 | 8,539 | 8,529 | ||||||||||
Provision for Loan Losses | 1,500 | 400 | 200 | 100 | ||||||||||
Other Income | 3,988 | 3,989 | 4,116 | 3,838 | ||||||||||
Other Expenses | 9,418 | 10,182 | 9,963 | 9,945 | ||||||||||
Income Before Provision For Income Taxes | 1,114 | 1,496 | 2,492 | 2,322 | ||||||||||
Provision For (Benefit From) Income Taxes | - | - | -18,795 | 682 | ||||||||||
Net Income | $ | 1,114 | $ | 1,496 | $ | 21,287 | $ | 1,640 | ||||||
Basic Earnings Per Common Share | $ | 0.06 | $ | 0.08 | $ | 1.19 | $ | 0.1 | ||||||
Diluted Earnings Per Common Share | $ | 0.06 | $ | 0.08 | $ | 1.17 | $ | 0.1 | ||||||
Dividends Declared Per Share | $ | - | $ | - | $ | - | $ | - | ||||||
Fair_Value_Disclosures_Tables
Fair Value Disclosures (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Fair Value Disclosures [Abstract] | ||||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Assets measured at fair value on a recurring basis are as follows (000’s omitted): | |||||||||||||
Investment Securities Available for Sale at | Quoted Prices in | Significant Other | Significant | |||||||||||
December 31, 2014 | Active Markets | Observable | Unobservable | |||||||||||
for Identical | Inputs (Level 2) | Inputs (Level 3) | ||||||||||||
Assets (Level 1) | ||||||||||||||
Obligations of U.S. Government Agencies | $ | - | $ | 342,048 | $ | - | ||||||||
MBS issued by U.S. Government Agencies | 105,406 | |||||||||||||
Obligations of States and Political Subdivisions | - | 19,581 | - | |||||||||||
Corporate Debt Securities | - | 4,002 | - | |||||||||||
Other Securities | 2,139 | - | - | |||||||||||
Total Securities Available for Sale | $ | 2,139 | $ | 471,037 | $ | - | ||||||||
Investment Securities Available for Sale at | Quoted Prices in | Significant Other | Significant | |||||||||||
December 31, 2013 | Active Markets | Observable | Unobservable | |||||||||||
for Identical | Inputs (Level 2) | Inputs (Level 3) | ||||||||||||
Assets (Level 1) | ||||||||||||||
Obligations of U.S. Government Agencies | $ | - | $ | 266,713 | $ | - | ||||||||
MBS issued by U.S. Government Agencies | 96,526 | |||||||||||||
Obligations of States and Political Subdivisions | - | 15,363 | - | |||||||||||
Trust Preferred CDO Securities | - | - | 5,751 | |||||||||||
Corporate Debt Securities | - | 8,071 | - | |||||||||||
Other Securities | 2,087 | 445 | - | |||||||||||
Total Securities Available for Sale | $ | 2,087 | $ | 387,118 | $ | 5,751 | ||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | The changes in Level 3 assets measured at fair value on a recurring basis were (000’s omitted): | |||||||||||||
Investment Securities - Available for Sale | 2014 | 2013 | ||||||||||||
Balance at January 1 | $ | 5,751 | $ | 5,406 | ||||||||||
Total realized and unrealized gains (losses) included in income | -2,574 | - | ||||||||||||
Total unrealized gains (losses) included in other comprehensive income | 3,758 | 361 | ||||||||||||
Net purchases, sales, calls and maturities | -6,935 | -16 | ||||||||||||
Net transfers in/out of Level 3 | - | - | ||||||||||||
Balance at December 31 | $ | - | $ | 5,751 | ||||||||||
Fair Value Assets Measured On Nonrecurring Basis [Table Text Block] | Assets measured at fair value on a nonrecurring basis are as follows (000’s omitted): | |||||||||||||
Balance at | Quoted Prices in | Significant Other | Significant | |||||||||||
December 31, | Active Markets for | Observable | Unobservable | |||||||||||
2014 | Identical Assets | Inputs (Level 2) | Inputs (Level 3) | |||||||||||
(Level 1) | ||||||||||||||
Impaired loans | $ | 35,670 | $ | - | $ | - | $ | 32,015 | ||||||
Other Real Estate Owned | $ | 5,615 | $ | - | $ | - | $ | 5,615 | ||||||
Balance at | Quoted Prices in | Significant Other | Significant | |||||||||||
December 31, | Active Markets for | Observable | Unobservable | |||||||||||
2013 | Identical Assets | Inputs (Level 2) | Inputs (Level 3) | |||||||||||
(Level 1) | ||||||||||||||
Impaired loans | $ | 60,471 | $ | - | $ | - | $ | 53,474 | ||||||
Other Real Estate Owned | $ | 9,628 | $ | - | $ | - | $ | 9,628 | ||||||
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Net unrealized gains (losses) on securities available for sale | ($1,722) | ($14,852) | $2,717 |
Post retirement benefit obligations | -2,267 | -1,624 | -2,832 |
Tax effect | 1,356 | 5,603 | 39 |
Accumulated other comprehensive loss | ($2,633) | ($10,873) | ($76) |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies (Details Textual) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Accounting Policies [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $2.98 | $1.43 | $1.11 |
Fair Value Assumptions, Expected Volatility Rate | 60.11% | 62.09% | 60.70% |
Fair Value Assumptions, Risk Free Interest Rate | 2.27% | 1.25% | 1.40% |
Fair Value Assumptions, Expected Dividend Rate | 0.00% | 0.00% | 0.00% |
Fair Value Assumptions, Expected Term | 7 years | 7 years | 7 years |
Minimum [Member] | |||
Accounting Policies [Line Items] | |||
Debt Instrument, Term | 15 years | ||
Maximum [Member] | |||
Accounting Policies [Line Items] | |||
Debt Instrument, Term | 30 years |
Cash_and_Due_from_Banks_Detail
Cash and Due from Banks (Details Textual) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Cash And Due From Banks [Line Items] | ||
Restricted Cash and Cash Equivalents | $4,374,000 | $4,364,000 |
Due from Banks | $6,357,000 | $5,378,000 |
Investment_Securities_Details
Investment Securities (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Investment Holdings [Line Items] | ||
Held to Maturity, Amortized Cost | $32,613 | $34,846 |
Held to Maturity, Gross Unrealized Gains | 1,287 | 557 |
Held to Maturity, Gross Unrealized Losses | -69 | -364 |
Securities - Held to Maturity Estimated Fair Value | 33,831 | 35,039 |
Available for Sale, Amortized Cost | 474,898 | 409,808 |
Available for Sale, Gross Unrealized Gains | 2,277 | 2,578 |
Available for Sale, Gross Unrealized Losses | -3,999 | -17,430 |
Available For Sale, Estimated Market Value | 473,176 | 394,956 |
Obligations of U.S. Government Agencies [Member] | ||
Investment Holdings [Line Items] | ||
Available for Sale, Amortized Cost | 343,703 | 277,383 |
Available for Sale, Gross Unrealized Gains | 1,372 | 1,147 |
Available for Sale, Gross Unrealized Losses | -3,027 | -11,817 |
Available For Sale, Estimated Market Value | 342,048 | 266,713 |
Mortgage Backed Securities issued by U.S. Government Agencies [Member] | ||
Investment Holdings [Line Items] | ||
Available for Sale, Amortized Cost | 105,890 | 97,168 |
Available for Sale, Gross Unrealized Gains | 406 | 995 |
Available for Sale, Gross Unrealized Losses | -890 | -1,637 |
Available For Sale, Estimated Market Value | 105,406 | 96,526 |
Obligations of States and Political Subdivisions [Member] | ||
Investment Holdings [Line Items] | ||
Held to Maturity, Amortized Cost | 32,113 | 34,346 |
Held to Maturity, Gross Unrealized Gains | 1,287 | 557 |
Held to Maturity, Gross Unrealized Losses | -69 | -364 |
Securities - Held to Maturity Estimated Fair Value | 33,331 | 34,539 |
Available for Sale, Amortized Cost | 19,286 | 15,197 |
Available for Sale, Gross Unrealized Gains | 377 | 289 |
Available for Sale, Gross Unrealized Losses | -82 | -123 |
Available For Sale, Estimated Market Value | 19,581 | 15,363 |
Trust Preferred CDO Securities [Member] | ||
Investment Holdings [Line Items] | ||
Available for Sale, Amortized Cost | 9,509 | |
Available for Sale, Gross Unrealized Gains | 0 | |
Available for Sale, Gross Unrealized Losses | -3,758 | |
Available For Sale, Estimated Market Value | 5,751 | |
Corporate Debt Securities [Member] | ||
Investment Holdings [Line Items] | ||
Held to Maturity, Amortized Cost | 500 | 500 |
Held to Maturity, Gross Unrealized Gains | 0 | 0 |
Held to Maturity, Gross Unrealized Losses | 0 | 0 |
Securities - Held to Maturity Estimated Fair Value | 500 | 500 |
Available for Sale, Amortized Cost | 3,975 | 7,967 |
Available for Sale, Gross Unrealized Gains | 27 | 104 |
Available for Sale, Gross Unrealized Losses | 0 | 0 |
Available For Sale, Estimated Market Value | 4,002 | 8,071 |
Other Equity Securities [Member] | ||
Investment Holdings [Line Items] | ||
Available for Sale, Amortized Cost | 2,044 | 2,584 |
Available for Sale, Gross Unrealized Gains | 95 | 43 |
Available for Sale, Gross Unrealized Losses | 0 | -95 |
Available For Sale, Estimated Market Value | $2,139 | $2,532 |
Investment_Securities_Details_
Investment Securities (Details 1) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Investment Holdings [Line Items] | ||
Available for Sale Amortized Cost 1 year | $7,834 | |
Available for Sale Amortized Cost After 1 through 5 years | 115,782 | |
Available for Sale Amortized Cost After 6 through 10 years | 230,364 | |
Available for Sale Amortized Cost Over 10 years | 12,984 | |
Total | 366,964 | |
Available For Sale Securities Debt Maturities Mortgage Backed Securities Amortized Cost | 105,890 | |
Available for Sale Securities with no stated maturity Amortized Cost | 2,044 | |
Available-for-sale Securities, Debt Maturities, Remainder of Fiscal Year, Amortized Cost Basis | 474,898 | |
Available-for-sale Securities, Debt Maturities, Next Rolling 1 year or less, Fair Value | 7,872 | |
Available-for-sale Securities, Debt Maturities, Rolling Year One Through Five, Fair Value | 114,759 | |
Available-for-sale Securities, Debt Maturities, Rolling Year Five Through Ten, Fair Value | 230,136 | |
Available-for-sale Securities, Debt Maturities, Rolling after Year Ten, Fair Value | 12,864 | |
Available For Sale Securities Debt Maturities Total | 365,631 | |
Available For Sale Securities Debt Maturities Mortgage Backed Securities Fair Value | 105,406 | |
Available-for-sale Securities, Debt Maturities, Securities with no stated maturity, Fair Value | 2,139 | |
Available-for-sale Securities, Debt Maturities, Remainder of Fiscal Year, Fair Value | 473,176 | |
Held To Maturity Securities Debt Maturities Next Rolling Twelve Months Amortized Cost | 5,944 | |
Held To Maturity Securities Debt Maturities Next Rolling Year One Through Five Amortized Cost | 13,187 | |
Held To Maturity Securities Debt Maturities Next Rolling Year Five Through Ten Amortized Cost | 10,617 | |
Held To Maturity Securities Debt Maturities Next Rolling Year After Ten Years Amortized Cost | 2,865 | |
Held To Maturity Debt Maturities Amortized Cost Total | 32,613 | |
Held To Maturity Securities Mortgage Backed Securities Amortized Cost | 0 | |
Held To Maturity Securities Debt Maturities, Securities with no stated maturity Amortized Cost | 0 | |
Held To Maturity Securities Amortized Cost Total | 32,613 | 34,846 |
Held-to-maturity Securities, Debt Maturities, Next Rolling 1 year or less, Fair Value | 5,967 | |
Held-to-maturity Securities, Debt Maturities, Rolling Year One Through Five, Fair Value | 13,475 | |
Held-to-maturity Securities, Debt Maturities, Rolling Year Five Through Ten, Fair Value | 11,146 | |
Held-to-maturity Securities, Debt Maturities, Rolling after Ten Years, Fair Value | 3,243 | |
Held To Maturity Debt Maturities Total | 33,831 | |
Held To Maturity Securities Debt Maturities Mortgage Backed Securities Fair Value | 0 | |
Held-to-maturity Securities, Debt Maturities, Securities with no stated maturity, Fair Value | 0 | |
Held-to-maturity Securities, Debt Maturities, Fair Value | $33,831 | $35,039 |
Available For Sale Securities Debt Maturities Within One Year Weighted Average Yield | 1.96% | |
Available For Sale Securities Debt Maturities After One Year Through Five Years Weighted Average Yield | 1.61% | |
Available For Sale Securities Debt Maturities After Five Year Through Ten Years Weighted Average Yield | 2.07% | |
Available For Sale Securities Debt Maturities After Ten Years Weighted Average Yield | 2.44% | |
Available For Sale Securities Debt Maturities Weighted Average Yield | 1.94% | |
Available For Sale Securities Debt Maturities Mortgage Backed Securities Weighted Average Yield | 2.75% | |
Available For Sale Securities Debt Maturities Single Maturity Date Weighted Average Yield | 0.00% | |
Available For Sale Securities Debt Maturities Remainder Of Fiscal Year Weighted Average Yield | 2.11% | |
Held To Maturity Securities Debt Maturities Within One Year Weighted Average Yield | 1.61% | |
Held To Maturity Securities Debt Maturities After One Year Through Five Years Weighted Average Yield | 2.51% | |
Held To Maturity Securities Debt Maturities After Six Year Through Ten Years Weighted Average Yield | 3.73% | |
Held To Maturity Securities Debt Maturities Over Ten Years Weighted Average Yield | 4.57% | |
Held To Maturity Securities Debt Maturating In Years Weighted Average Yield | 2.92% | |
Held To Maturity Securities Debt Maturities Mortgage Backed Securities Weighted Average Yield | 0.00% | |
Held To Maturity Securities Debt Maturities Without Single Maturity Weighted Average Yield | 0.00% | |
Held To Maturity Securities Debt Maturities Weighted Average Yield | 2.92% |
Investment_Securities_Details_1
Investment Securities (Details 2) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Investment Holdings [Line Items] | ||
Less than 12 months, Aggregate Fair Value | $89,792 | $293,850 |
Less than 12 months, Gross Unrealized Losses | 371 | 12,154 |
12 months or longer, Aggregate Fair Value | 204,482 | 37,467 |
12 months or longer, Gross Unrealized Losses | 3,697 | 5,640 |
Aggregate Fair Value, Total | 294,274 | 331,317 |
Gross Unrealized Losses, Total | 4,068 | 17,794 |
Obligations of U.S. Government Agencies [Member] | ||
Investment Holdings [Line Items] | ||
Less than 12 months, Aggregate Fair Value | 47,695 | 234,264 |
Less than 12 months, Gross Unrealized Losses | 144 | 10,828 |
12 months or longer, Aggregate Fair Value | 159,650 | 13,614 |
12 months or longer, Gross Unrealized Losses | 2,883 | 989 |
Aggregate Fair Value, Total | 207,345 | 247,878 |
Gross Unrealized Losses, Total | 3,027 | 11,817 |
Mortgage Backed Securities issued by U.S. Government Agencies [Member] | ||
Investment Holdings [Line Items] | ||
Less than 12 months, Aggregate Fair Value | 32,756 | 49,202 |
Less than 12 months, Gross Unrealized Losses | 175 | 1,005 |
12 months or longer, Aggregate Fair Value | 40,556 | 14,544 |
12 months or longer, Gross Unrealized Losses | 715 | 632 |
Aggregate Fair Value, Total | 73,312 | 63,746 |
Gross Unrealized Losses, Total | 890 | 1,637 |
Obligations of States and Political Subdivisions [Member] | ||
Investment Holdings [Line Items] | ||
Less than 12 months, Aggregate Fair Value | 9,341 | 10,384 |
Less than 12 months, Gross Unrealized Losses | 52 | 321 |
12 months or longer, Aggregate Fair Value | 4,276 | 3,113 |
12 months or longer, Gross Unrealized Losses | 99 | 166 |
Aggregate Fair Value, Total | 13,617 | 13,497 |
Gross Unrealized Losses, Total | 151 | 487 |
Trust Preferred CDO Securities [Member] | ||
Investment Holdings [Line Items] | ||
Less than 12 months, Aggregate Fair Value | 0 | |
Less than 12 months, Gross Unrealized Losses | 0 | |
12 months or longer, Aggregate Fair Value | 5,751 | |
12 months or longer, Gross Unrealized Losses | 3,758 | |
Aggregate Fair Value, Total | 5,751 | |
Gross Unrealized Losses, Total | 3,758 | |
Corporate Debt Securities [Member] | ||
Investment Holdings [Line Items] | ||
Less than 12 months, Aggregate Fair Value | 0 | |
Less than 12 months, Gross Unrealized Losses | 0 | |
12 months or longer, Aggregate Fair Value | 0 | |
12 months or longer, Gross Unrealized Losses | 0 | |
Aggregate Fair Value, Total | 0 | |
Gross Unrealized Losses, Total | 0 | |
Equity Securities [Member] | ||
Investment Holdings [Line Items] | ||
Less than 12 months, Aggregate Fair Value | 0 | |
Less than 12 months, Gross Unrealized Losses | 0 | |
12 months or longer, Aggregate Fair Value | 445 | |
12 months or longer, Gross Unrealized Losses | 95 | |
Aggregate Fair Value, Total | 445 | |
Gross Unrealized Losses, Total | $95 |
Investment_Securities_Details_2
Investment Securities (Details Textual) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Investment Holdings [Line Items] | |||
Securities Issued By Federal Home Loan Banks Estimated Market Value | $171,629,000 | $139,825,000 | |
Securities Issued By Federal Farm Credit Banks Estimated Market Value | 170,419,000 | 126,888,000 | |
Securities Issued By Mortgage Backed Securities Estimated Market Value | 105,406,000 | 96,526,000 | |
Available For Sale Securities Tax Benefit Provision | -222,000 | 144,000 | 435,000 |
Security Owned and Pledged as Collateral, Fair Value | 111,151,000 | 107,950,000 | |
Proceeds from Sale of Available-for-sale Securities, Total | 122,579,000 | 81,875,000 | 53,034,000 |
Available-for-sale Securities, Gross Realized Gains | 2,782,000 | 823,000 | 1,546,000 |
Available-for-sale Securities, Gross Realized Losses | 3,436,000 | 399,000 | 266,000 |
Net Gain On Sales Of Securities Available For Sale | -654,000 | 424,000 | 1,280,000 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | ($432,000) | $280,000 | $845,000 |
Loans_Details
Loans (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, gross | $610,332 | $597,590 | |
Less: Allowance for loan losses | 13,208 | 16,209 | 17,299 |
Loans - Net | 597,124 | 581,381 | |
Residential real estate loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, gross | 223,701 | 228,024 | |
Commercial and Construction real estate loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, gross | 262,395 | 280,579 | |
Agriculture and agricultural real estate loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, gross | 16,700 | 14,997 | |
Commercial and industrial loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, gross | 62,761 | 59,440 | |
Loans to individuals for household, family,and other personal expenditures [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, gross | $44,775 | $14,550 |
Loans_Details_Textual
Loans (Details Textual) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Related Parties | $2,813,000 | $3,436,000 |
Loans and Leases Receivable, Related Parties, Additions | 86,000 | 414,000 |
Loans and Leases Receivable, Related Parties, Collections | $709,000 | $3,433,000 |
Percentage of Beneficial Ownership | 10.00% |
Allowance_For_Loan_Losses_and_2
Allowance For Loan Losses and Credit Quality of Loans (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 |
Allowance for loan losses: | ||||||||||
Beginning Balance | $16,209 | $17,299 | $16,209 | $17,299 | ||||||
Charge-offs | -6,144 | -5,624 | ||||||||
Recoveries | 3,643 | 2,334 | ||||||||
Provision | 0 | 700 | -100 | -100 | -100 | -200 | -400 | -1,500 | -500 | 2,200 |
Ending balance | 13,208 | 16,209 | 13,208 | 16,209 | ||||||
Ending balance individually evaluated for impairment | 3,655 | 6,997 | 3,655 | 6,997 | ||||||
Ending balance collectively evaluated for impairment | 9,553 | 9,212 | 9,553 | 9,212 | ||||||
Ending balance | 13,208 | 16,209 | 13,208 | 16,209 | ||||||
Loans: | ||||||||||
Ending balance individually evaluated for impairment | 35,670 | 60,471 | 35,670 | 60,471 | ||||||
Ending balance collectively evaluated for impairment | 574,662 | 537,119 | 574,662 | 537,119 | ||||||
Ending balance | 610,332 | 597,590 | 610,332 | 597,590 | ||||||
Agriculture and Agricultural Real Estate [Member] | ||||||||||
Allowance for loan losses: | ||||||||||
Beginning Balance | 171 | 76 | 171 | 76 | ||||||
Charge-offs | -3 | 0 | ||||||||
Recoveries | 10 | 5 | ||||||||
Provision | 38 | 90 | ||||||||
Ending balance | 216 | 171 | 216 | 171 | ||||||
Ending balance individually evaluated for impairment | 34 | 1 | 34 | 1 | ||||||
Ending balance collectively evaluated for impairment | 182 | 170 | 182 | 170 | ||||||
Ending balance | 216 | 171 | 216 | 171 | ||||||
Loans: | ||||||||||
Ending balance individually evaluated for impairment | 917 | 398 | 917 | 398 | ||||||
Ending balance collectively evaluated for impairment | 15,783 | 14,599 | 15,783 | 14,599 | ||||||
Ending balance | 16,700 | 14,997 | 16,700 | 14,997 | ||||||
Commercial [Member] | ||||||||||
Allowance for loan losses: | ||||||||||
Beginning Balance | 1,989 | 2,224 | 1,989 | 2,224 | ||||||
Charge-offs | -688 | -928 | ||||||||
Recoveries | 341 | 349 | ||||||||
Provision | -281 | 344 | ||||||||
Ending balance | 1,361 | 1,989 | 1,361 | 1,989 | ||||||
Ending balance individually evaluated for impairment | 554 | 1,031 | 554 | 1,031 | ||||||
Ending balance collectively evaluated for impairment | 807 | 958 | 807 | 958 | ||||||
Ending balance | 1,361 | 1,989 | 1,361 | 1,989 | ||||||
Loans: | ||||||||||
Ending balance individually evaluated for impairment | 1,414 | 2,409 | 1,414 | 2,409 | ||||||
Ending balance collectively evaluated for impairment | 61,347 | 57,031 | 61,347 | 57,031 | ||||||
Ending balance | 62,761 | 59,440 | 62,761 | 59,440 | ||||||
Commercial Real Estate [Member] | ||||||||||
Allowance for loan losses: | ||||||||||
Beginning Balance | 7,030 | 7,551 | 7,030 | 7,551 | ||||||
Charge-offs | -3,543 | -2,920 | ||||||||
Recoveries | 1,449 | 811 | ||||||||
Provision | 1,243 | 1,588 | ||||||||
Ending balance | 6,179 | 7,030 | 6,179 | 7,030 | ||||||
Ending balance individually evaluated for impairment | 1,502 | 2,697 | 1,502 | 2,697 | ||||||
Ending balance collectively evaluated for impairment | 4,677 | 4,333 | 4,677 | 4,333 | ||||||
Ending balance | 6,179 | 7,030 | 6,179 | 7,030 | ||||||
Loans: | ||||||||||
Ending balance individually evaluated for impairment | 19,013 | 35,592 | 19,013 | 35,592 | ||||||
Ending balance collectively evaluated for impairment | 230,456 | 230,320 | 230,456 | 230,320 | ||||||
Ending balance | 249,469 | 265,912 | 249,469 | 265,912 | ||||||
Construction Real Estate [Member] | ||||||||||
Allowance for loan losses: | ||||||||||
Beginning Balance | 1,397 | 2,401 | 1,397 | 2,401 | ||||||
Charge-offs | -254 | -103 | ||||||||
Recoveries | 1,077 | 352 | ||||||||
Provision | -1,417 | -1,253 | ||||||||
Ending balance | 803 | 1,397 | 803 | 1,397 | ||||||
Ending balance individually evaluated for impairment | 671 | 1,194 | 671 | 1,194 | ||||||
Ending balance collectively evaluated for impairment | 132 | 203 | 132 | 203 | ||||||
Ending balance | 803 | 1,397 | 803 | 1,397 | ||||||
Loans: | ||||||||||
Ending balance individually evaluated for impairment | 2,117 | 4,780 | 2,117 | 4,780 | ||||||
Ending balance collectively evaluated for impairment | 10,809 | 9,887 | 10,809 | 9,887 | ||||||
Ending balance | 12,926 | 14,667 | 12,926 | 14,667 | ||||||
Residential Real Estate [Member] | ||||||||||
Allowance for loan losses: | ||||||||||
Beginning Balance | 4,606 | 4,715 | 4,606 | 4,715 | ||||||
Charge-offs | -1,562 | -1,391 | ||||||||
Recoveries | 608 | 661 | ||||||||
Provision | -426 | 621 | ||||||||
Ending balance | 3,226 | 4,606 | 3,226 | 4,606 | ||||||
Ending balance individually evaluated for impairment | 672 | 1,809 | 672 | 1,809 | ||||||
Ending balance collectively evaluated for impairment | 2,554 | 2,797 | 2,554 | 2,797 | ||||||
Ending balance | 3,226 | 4,606 | 3,226 | 4,606 | ||||||
Loans: | ||||||||||
Ending balance individually evaluated for impairment | 11,675 | 16,674 | 11,675 | 16,674 | ||||||
Ending balance collectively evaluated for impairment | 212,026 | 211,350 | 212,026 | 211,350 | ||||||
Ending balance | 223,701 | 228,024 | 223,701 | 228,024 | ||||||
Consumer and Other [Member] | ||||||||||
Allowance for loan losses: | ||||||||||
Beginning Balance | 1,016 | 332 | 1,016 | 332 | ||||||
Charge-offs | -94 | -282 | ||||||||
Recoveries | 158 | 156 | ||||||||
Provision | 343 | 810 | ||||||||
Ending balance | 1,423 | 1,016 | 1,423 | 1,016 | ||||||
Ending balance individually evaluated for impairment | 222 | 265 | 222 | 265 | ||||||
Ending balance collectively evaluated for impairment | 1,201 | 751 | 1,201 | 751 | ||||||
Ending balance | 1,423 | 1,016 | 1,423 | 1,016 | ||||||
Loans: | ||||||||||
Ending balance individually evaluated for impairment | 534 | 618 | 534 | 618 | ||||||
Ending balance collectively evaluated for impairment | 44,241 | 13,932 | 44,241 | 13,932 | ||||||
Ending balance | $44,775 | $14,550 | $44,775 | $14,550 |
Allowance_For_Loan_Losses_and_3
Allowance For Loan Losses and Credit Quality of Loans (Details 1) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | $610,332 | $597,590 |
Performing [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 574,386 | 541,384 |
Nonperforming [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 35,946 | 56,206 |
Not Rated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 186,950 | 156,696 |
Risk Grade Rating 1 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 3,429 | 4,248 |
Risk Grade Rating 2 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 1,579 | 1,257 |
Risk Grade Rating 3 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 17,962 | 16,682 |
Risk Grade Rating 4 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 298,103 | 280,641 |
Risk Grade Rating 5 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 53,331 | 66,127 |
Risk Grade Rating 6 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 48,978 | 71,939 |
Risk Grade Rating 7 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Risk Grade Rating 8 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Risk Grade Rating 9 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Agriculture and Agricultural Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 16,700 | 14,997 |
Agriculture and Agricultural Real Estate [Member] | Performing [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 15,702 | 14,428 |
Agriculture and Agricultural Real Estate [Member] | Nonperforming [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 998 | 569 |
Agriculture and Agricultural Real Estate [Member] | Not Rated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 122 | 144 |
Agriculture and Agricultural Real Estate [Member] | Risk Grade Rating 1 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Agriculture and Agricultural Real Estate [Member] | Risk Grade Rating 2 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 330 | 31 |
Agriculture and Agricultural Real Estate [Member] | Risk Grade Rating 3 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 491 | 788 |
Agriculture and Agricultural Real Estate [Member] | Risk Grade Rating 4 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 13,458 | 12,304 |
Agriculture and Agricultural Real Estate [Member] | Risk Grade Rating 5 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 1,261 | 838 |
Agriculture and Agricultural Real Estate [Member] | Risk Grade Rating 6 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 1,038 | 892 |
Agriculture and Agricultural Real Estate [Member] | Risk Grade Rating 7 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Agriculture and Agricultural Real Estate [Member] | Risk Grade Rating 8 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Agriculture and Agricultural Real Estate [Member] | Risk Grade Rating 9 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Commercial [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 62,761 | 59,440 |
Commercial [Member] | Performing [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 61,287 | 56,941 |
Commercial [Member] | Nonperforming [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 1,474 | 2,499 |
Commercial [Member] | Not Rated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 2,700 | 2,151 |
Commercial [Member] | Risk Grade Rating 1 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 3,060 | 4,054 |
Commercial [Member] | Risk Grade Rating 2 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 287 | 153 |
Commercial [Member] | Risk Grade Rating 3 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 7,084 | 4,000 |
Commercial [Member] | Risk Grade Rating 4 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 41,441 | 34,130 |
Commercial [Member] | Risk Grade Rating 5 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 4,903 | 11,594 |
Commercial [Member] | Risk Grade Rating 6 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 3,286 | 3,358 |
Commercial [Member] | Risk Grade Rating 7 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Commercial [Member] | Risk Grade Rating 8 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Commercial [Member] | Risk Grade Rating 9 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Commercial Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 249,469 | 265,912 |
Commercial Real Estate [Member] | Performing [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 231,461 | 235,531 |
Commercial Real Estate [Member] | Nonperforming [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 18,008 | 30,381 |
Commercial Real Estate [Member] | Not Rated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Commercial Real Estate [Member] | Risk Grade Rating 1 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Commercial Real Estate [Member] | Risk Grade Rating 2 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 830 | 931 |
Commercial Real Estate [Member] | Risk Grade Rating 3 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 9,923 | 10,755 |
Commercial Real Estate [Member] | Risk Grade Rating 4 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 176,685 | 172,592 |
Commercial Real Estate [Member] | Risk Grade Rating 5 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 34,385 | 41,914 |
Commercial Real Estate [Member] | Risk Grade Rating 6 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 27,646 | 39,720 |
Commercial Real Estate [Member] | Risk Grade Rating 7 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Commercial Real Estate [Member] | Risk Grade Rating 8 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Commercial Real Estate [Member] | Risk Grade Rating 9 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Construction Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 12,926 | 14,667 |
Construction Real Estate [Member] | Performing [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 10,740 | 9,732 |
Construction Real Estate [Member] | Nonperforming [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 2,186 | 4,935 |
Construction Real Estate [Member] | Not Rated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 5,402 | 3,643 |
Construction Real Estate [Member] | Risk Grade Rating 1 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Construction Real Estate [Member] | Risk Grade Rating 2 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Construction Real Estate [Member] | Risk Grade Rating 3 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 99 |
Construction Real Estate [Member] | Risk Grade Rating 4 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 4,357 | 4,825 |
Construction Real Estate [Member] | Risk Grade Rating 5 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 2,471 | 2,525 |
Construction Real Estate [Member] | Risk Grade Rating 6 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 696 | 3,575 |
Construction Real Estate [Member] | Risk Grade Rating 7 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Construction Real Estate [Member] | Risk Grade Rating 8 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Construction Real Estate [Member] | Risk Grade Rating 9 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 223,701 | 228,024 |
Residential Real Estate [Member] | Performing [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 211,143 | 211,149 |
Residential Real Estate [Member] | Nonperforming [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 12,558 | 16,875 |
Residential Real Estate [Member] | Not Rated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 138,355 | 141,102 |
Residential Real Estate [Member] | Risk Grade Rating 1 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Residential Real Estate [Member] | Risk Grade Rating 2 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 132 | 142 |
Residential Real Estate [Member] | Risk Grade Rating 3 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 464 | 1,040 |
Residential Real Estate [Member] | Risk Grade Rating 4 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 58,902 | 53,047 |
Residential Real Estate [Member] | Risk Grade Rating 5 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 10,112 | 9,005 |
Residential Real Estate [Member] | Risk Grade Rating 6 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 15,736 | 23,688 |
Residential Real Estate [Member] | Risk Grade Rating 7 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Residential Real Estate [Member] | Risk Grade Rating 8 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Residential Real Estate [Member] | Risk Grade Rating 9 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Consumer and Other [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 44,775 | 14,550 |
Consumer and Other [Member] | Performing [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 44,053 | 13,603 |
Consumer and Other [Member] | Nonperforming [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 722 | 947 |
Consumer and Other [Member] | Not Rated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 40,371 | 9,656 |
Consumer and Other [Member] | Risk Grade Rating 1 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 369 | 194 |
Consumer and Other [Member] | Risk Grade Rating 2 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Consumer and Other [Member] | Risk Grade Rating 3 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Consumer and Other [Member] | Risk Grade Rating 4 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 3,260 | 3,743 |
Consumer and Other [Member] | Risk Grade Rating 5 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 199 | 251 |
Consumer and Other [Member] | Risk Grade Rating 6 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 576 | 706 |
Consumer and Other [Member] | Risk Grade Rating 7 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Consumer and Other [Member] | Risk Grade Rating 8 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | 0 | 0 |
Consumer and Other [Member] | Risk Grade Rating 9 [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Total loans, gross | $0 | $0 |
Allowance_For_Loan_Losses_and_4
Allowance For Loan Losses and Credit Quality of Loans (Details 2) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
30-59 Days Past Due | $6,122 | $4,789 |
60-89 Days Past Due | 1,918 | 1,748 |
>90 Days Past Due | 3,265 | 7,559 |
Total Past Due | 11,305 | 14,096 |
Current | 599,027 | 583,494 |
Total nonperforming loans | 610,332 | 597,590 |
Recorded Investment >90 Days Past Due and Accruing | 10 | 46 |
Agriculture and Agricultural Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
30-59 Days Past Due | 449 | 210 |
60-89 Days Past Due | 0 | 0 |
>90 Days Past Due | 80 | 171 |
Total Past Due | 529 | 381 |
Current | 16,171 | 14,616 |
Total nonperforming loans | 16,700 | 14,997 |
Recorded Investment >90 Days Past Due and Accruing | 0 | 0 |
Commercial [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
30-59 Days Past Due | 142 | 87 |
60-89 Days Past Due | 44 | 93 |
>90 Days Past Due | 60 | 210 |
Total Past Due | 246 | 390 |
Current | 62,515 | 59,050 |
Total nonperforming loans | 62,761 | 59,440 |
Recorded Investment >90 Days Past Due and Accruing | 10 | 46 |
Commercial Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
30-59 Days Past Due | 2,127 | 1,640 |
60-89 Days Past Due | 1,118 | 535 |
>90 Days Past Due | 2,287 | 3,506 |
Total Past Due | 5,532 | 5,681 |
Current | 243,937 | 260,231 |
Total nonperforming loans | 249,469 | 265,912 |
Recorded Investment >90 Days Past Due and Accruing | 0 | 0 |
Construction Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
30-59 Days Past Due | 334 | 90 |
60-89 Days Past Due | 0 | 265 |
>90 Days Past Due | 0 | 1,177 |
Total Past Due | 334 | 1,532 |
Current | 12,592 | 13,135 |
Total nonperforming loans | 12,926 | 14,667 |
Recorded Investment >90 Days Past Due and Accruing | 0 | 0 |
Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
30-59 Days Past Due | 2,946 | 2,612 |
60-89 Days Past Due | 741 | 803 |
>90 Days Past Due | 777 | 2,342 |
Total Past Due | 4,464 | 5,757 |
Current | 219,237 | 222,267 |
Total nonperforming loans | 223,701 | 228,024 |
Recorded Investment >90 Days Past Due and Accruing | 0 | 0 |
Consumer and Other [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
30-59 Days Past Due | 124 | 150 |
60-89 Days Past Due | 15 | 52 |
>90 Days Past Due | 61 | 153 |
Total Past Due | 200 | 355 |
Current | 44,575 | 14,195 |
Total nonperforming loans | 44,775 | 14,550 |
Recorded Investment >90 Days Past Due and Accruing | $0 | $0 |
Allowance_For_Loan_Losses_and_5
Allowance For Loan Losses and Credit Quality of Loans (Details 3) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Non accrual loans | $13,040 | $23,710 |
Agriculture and Agricultural Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Non accrual loans | 80 | 172 |
Commercial [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Non accrual loans | 315 | 1,035 |
Commercial Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Non accrual loans | 6,287 | 13,289 |
Construction Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Non accrual loans | 409 | 2,009 |
Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Non accrual loans | 5,760 | 6,865 |
Consumer and Other [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Non accrual loans | $189 | $340 |
Allowance_For_Loan_Losses_and_6
Allowance For Loan Losses and Credit Quality of Loans (Details 4) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Agriculture and Agricultural Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
With no related allowance recorded, Recorded Investment | $256 | $0 |
With no related allowance recorded, Unpaid Principal Balance | 256 | 0 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 258 | 0 |
With no related allowance recorded, Interest Income Recognized | 10 | 0 |
With an allowance recorded, Recorded Investment | 661 | 398 |
With an allowance recorded, Unpaid Principal Balance | 661 | 397 |
With an allowance recorded, Related Allowance | 34 | 1 |
With an allowance recorded, Average Recorded Investment | 691 | 642 |
With an allowance recorded, Interest Income Recognized | 37 | 33 |
Total, Recorded Investment | 917 | 398 |
Total, Unpaid Principal Balance | 917 | 397 |
Total, Related Allowance | 34 | 1 |
Total, Average Recorded Investment | 949 | 642 |
Total, Interest Income Recognized | 47 | 33 |
Commercial [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
With no related allowance recorded, Recorded Investment | 363 | 869 |
With no related allowance recorded, Unpaid Principal Balance | 412 | 966 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 491 | 1,057 |
With no related allowance recorded, Interest Income Recognized | 21 | 51 |
With an allowance recorded, Recorded Investment | 1,051 | 1,540 |
With an allowance recorded, Unpaid Principal Balance | 1,062 | 1,627 |
With an allowance recorded, Related Allowance | 554 | 1,031 |
With an allowance recorded, Average Recorded Investment | 1,118 | 1,653 |
With an allowance recorded, Interest Income Recognized | 54 | 69 |
Total, Recorded Investment | 1,414 | 2,409 |
Total, Unpaid Principal Balance | 1,474 | 2,593 |
Total, Related Allowance | 554 | 1,031 |
Total, Average Recorded Investment | 1,609 | 2,710 |
Total, Interest Income Recognized | 75 | 120 |
Commercial Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
With no related allowance recorded, Recorded Investment | 8,084 | 19,567 |
With no related allowance recorded, Unpaid Principal Balance | 8,882 | 23,005 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 9,102 | 21,074 |
With no related allowance recorded, Interest Income Recognized | 381 | 913 |
With an allowance recorded, Recorded Investment | 10,929 | 16,025 |
With an allowance recorded, Unpaid Principal Balance | 12,758 | 20,032 |
With an allowance recorded, Related Allowance | 1,502 | 2,697 |
With an allowance recorded, Average Recorded Investment | 12,966 | 18,310 |
With an allowance recorded, Interest Income Recognized | 507 | 812 |
Total, Recorded Investment | 19,013 | 35,592 |
Total, Unpaid Principal Balance | 21,640 | 43,037 |
Total, Related Allowance | 1,502 | 2,697 |
Total, Average Recorded Investment | 22,068 | 39,384 |
Total, Interest Income Recognized | 888 | 1,725 |
Construction Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
With no related allowance recorded, Recorded Investment | 297 | 1,165 |
With no related allowance recorded, Unpaid Principal Balance | 954 | 2,408 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 1,101 | 1,826 |
With no related allowance recorded, Interest Income Recognized | 19 | 88 |
With an allowance recorded, Recorded Investment | 1,820 | 3,615 |
With an allowance recorded, Unpaid Principal Balance | 1,851 | 4,236 |
With an allowance recorded, Related Allowance | 671 | 1,194 |
With an allowance recorded, Average Recorded Investment | 1,878 | 4,109 |
With an allowance recorded, Interest Income Recognized | 88 | 328 |
Total, Recorded Investment | 2,117 | 4,780 |
Total, Unpaid Principal Balance | 2,805 | 6,644 |
Total, Related Allowance | 671 | 1,194 |
Total, Average Recorded Investment | 2,979 | 5,935 |
Total, Interest Income Recognized | 107 | 416 |
Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
With no related allowance recorded, Recorded Investment | 6,424 | 7,929 |
With no related allowance recorded, Unpaid Principal Balance | 7,200 | 9,035 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 7,367 | 8,405 |
With no related allowance recorded, Interest Income Recognized | 318 | 389 |
With an allowance recorded, Recorded Investment | 5,251 | 8,745 |
With an allowance recorded, Unpaid Principal Balance | 5,658 | 9,194 |
With an allowance recorded, Related Allowance | 672 | 1,809 |
With an allowance recorded, Average Recorded Investment | 5,768 | 9,168 |
With an allowance recorded, Interest Income Recognized | 244 | 403 |
Total, Recorded Investment | 11,675 | 16,674 |
Total, Unpaid Principal Balance | 12,858 | 18,229 |
Total, Related Allowance | 672 | 1,809 |
Total, Average Recorded Investment | 13,135 | 17,573 |
Total, Interest Income Recognized | 562 | 792 |
Consumer and Other [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
With no related allowance recorded, Recorded Investment | 3 | 33 |
With no related allowance recorded, Unpaid Principal Balance | 3 | 36 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 5 | 35 |
With no related allowance recorded, Interest Income Recognized | 0 | 3 |
With an allowance recorded, Recorded Investment | 531 | 585 |
With an allowance recorded, Unpaid Principal Balance | 529 | 581 |
With an allowance recorded, Related Allowance | 222 | 265 |
With an allowance recorded, Average Recorded Investment | 569 | 596 |
With an allowance recorded, Interest Income Recognized | 27 | 23 |
Total, Recorded Investment | 534 | 618 |
Total, Unpaid Principal Balance | 532 | 617 |
Total, Related Allowance | 222 | 265 |
Total, Average Recorded Investment | 574 | 631 |
Total, Interest Income Recognized | $27 | $26 |
Allowance_For_Loan_Losses_and_7
Allowance For Loan Losses and Credit Quality of Loans (Details 5) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Contracts | Contracts | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Number of Contracts | 33 | 66 |
Pre-Modification Recorded Principal Balance | $3,781 | $8,751 |
Post-Modification Recorded Principal Balance | 2,653 | 4,815 |
Agriculture and Agricultural Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Number of Contracts | 1 | 0 |
Pre-Modification Recorded Principal Balance | 314 | 0 |
Post-Modification Recorded Principal Balance | 313 | 0 |
Commercial [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Number of Contracts | 4 | 16 |
Pre-Modification Recorded Principal Balance | 295 | 2,635 |
Post-Modification Recorded Principal Balance | 53 | 689 |
Commercial Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Number of Contracts | 6 | 11 |
Pre-Modification Recorded Principal Balance | 1,990 | 2,534 |
Post-Modification Recorded Principal Balance | 1,496 | 1,626 |
Construction Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Number of Contracts | 3 | 0 |
Pre-Modification Recorded Principal Balance | 43 | 0 |
Post-Modification Recorded Principal Balance | 22 | 0 |
Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Number of Contracts | 17 | 32 |
Pre-Modification Recorded Principal Balance | 1,118 | 3,042 |
Post-Modification Recorded Principal Balance | 749 | 2,205 |
Consumer and Other [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Number of Contracts | 2 | 7 |
Pre-Modification Recorded Principal Balance | 21 | 540 |
Post-Modification Recorded Principal Balance | $20 | $295 |
Allowance_For_Loan_Losses_and_8
Allowance For Loan Losses and Credit Quality of Loans (Details 6) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Contracts | Contracts | |
Number of contracts | 1 | 4 |
Record Principal Balance | $114 | $45 |
Agricultural and Agricultural Real Estate [Member] | ||
Number of contracts | 0 | 0 |
Record Principal Balance | 0 | 0 |
Commercial [Member] | ||
Number of contracts | 0 | 2 |
Record Principal Balance | 0 | 12 |
Commercial Real Estate [Member] | ||
Number of contracts | 0 | 0 |
Record Principal Balance | 0 | 0 |
Construction Real Estate [Member] | ||
Number of contracts | 0 | 0 |
Record Principal Balance | 0 | 0 |
Residential Real Estate Loans [Member] | ||
Number of contracts | 1 | 2 |
Record Principal Balance | 114 | 33 |
Consumer and Other [Member] | ||
Number of contracts | 0 | 0 |
Record Principal Balance | $0 | $0 |
Allowance_For_Loan_Losses_and_9
Allowance For Loan Losses and Credit Quality of Loans (Details Textual) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |
Minimum Aggregate Credit Exposure To Assign Grade | $250,000 |
Bank_Premises_and_Equipment_De
Bank Premises and Equipment (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ||
Total Bank premises and equipment | $70,718 | $68,660 |
Less accumulated depreciation | 42,086 | 40,447 |
Bank premises and equipment, net | 28,632 | 28,213 |
Land, buildings and improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total Bank premises and equipment | 46,774 | 45,955 |
Equipment, furniture and fixtures [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total Bank premises and equipment | $23,944 | $22,705 |
Bank_Premises_and_Equipment_De1
Bank Premises and Equipment (Details 1) (USD $) | Dec. 31, 2014 |
Property, Plant and Equipment [Line Items] | |
2015 | $176,000 |
2016 | 161,000 |
2017 | 73,000 |
2018 | 28,000 |
2019 | 21,000 |
Thereafter | $34,000 |
Bank_Premises_and_Equipment_De2
Bank Premises and Equipment (Details Textual) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Total Bank premises and equipment | $70,718,000 | $68,660,000 | |
Operating Leases, Rent Expense | 190,000 | 231,000 | 203,000 |
Estimated Cost To Complete All In Process Projects | 878,000 | ||
Construction in Progress [Member] | |||
Total Bank premises and equipment | $245,000 | $1,772,000 |
Deposits_Details
Deposits (Details) (USD $) | Dec. 31, 2014 |
In Thousands, unless otherwise specified | |
Time Deposits 100000 Or More [Member] | |
2015 | $40,456 |
2016 | 13,213 |
2017 | 7,045 |
2018 | 5,001 |
2019 | 8,639 |
Thereafter | 0 |
Total | 74,354 |
Time Deposits Less Than 100000 [Member] | |
2015 | 67,490 |
2016 | 30,463 |
2017 | 19,082 |
2018 | 6,691 |
2019 | 7,700 |
Thereafter | 0 |
Total | $131,426 |
Deposits_Details_Textual
Deposits (Details Textual) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Interest Expense, Time Deposits, $100,000 or More | $927,000 | $1,324,000 | $1,839,000 |
Time Deposits, $100,000 or More,Total | 74,354,000 | 82,595,000 | |
Interest-bearing Domestic Deposit, Brokered | 8,675,000 | 8,655,000 | |
Time Deposits Maturities, after Next Twelve Months, Total | 97,834,000 | 106,377,000 | |
Certificates of Deposit, at Carrying Value | 250,000 | ||
Certificates Of Deposit At Carrying Value Limit | $21,176,000 | $21,316,000 |
Federal_Home_Loan_Bank_Advance1
Federal Home Loan Bank Advances and Repurchase Agreements (Details Textual ) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Long-term Line of Credit | $0 | $0 |
Line of Credit Facility, Maximum Borrowing Capacity | 20,000,000 | 20,000,000 |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Weighted Average Interest Rate | 0.50% | 0.50% |
Maximum Balance Of Repurchase Agreements | 15,000,000 | 15,000,000 |
Weighted Average Interest Rate On Repurchase Agreements | 4.65% | 4.65% |
US Government Agencies Securities, at Carrying Value | 21,692,000 | 21,521,000 |
Federal Home Loan Bank Advances Branch Of Fhlb Bank Description | The advance had a floating rate of interest that reset quarterly based on the three month LIBOR rate plus 16 basis points. | |
Federal Home Loan Bank of Indianapolis [Member] | ||
Short-term Debt | 12,000,000 | |
Debt Instrument, Maturity Date | 17-Jun-14 | |
Securities Investment [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $26,410,000 | $39,520,000 |
Repurchase Agreements [Member] | ||
Debt Instrument, Maturity Date | 8-Jun-16 |
Retirement_Plans_and_Postretir2
Retirement Plans and Postretirement Benefit Plans (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||
APBO | $3,865 | $2,781 | $3,074 |
Unrecognized net transition obligation | 0 | 0 | |
Unrecognized Prior Service Costs | 0 | -2 | |
Unrecognized net gain (loss) | -780 | 143 | |
Accrued benefit cost at fiscal year end | $3,085 | $2,922 |
Retirement_Plans_and_Postretir3
Retirement Plans and Postretirement Benefit Plans (Details 1) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||
APBO at beginning of year | $2,781 | $3,074 | |
Service cost | 135 | 134 | 109 |
Interest cost | 144 | 106 | 109 |
Actuarial loss (gain) | 925 | -428 | |
Plan participants' contributions | 81 | 101 | |
Benefits paid during year | -201 | -206 | 177 |
APBO at end of year | $3,865 | $2,781 | $3,074 |
Retirement_Plans_and_Postretir4
Retirement Plans and Postretirement Benefit Plans (Details 2) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||
Service cost | $135 | $134 | $109 |
Interest cost | 144 | 106 | 109 |
Amortization of transition obligation | 0 | 0 | 54 |
Prior service costs | 2 | 4 | 4 |
Amortization of gains | 1 | 0 | 0 |
Net postretirement benefit expense | $282 | $244 | $276 |
Retirement_Plans_and_Postretir5
Retirement Plans and Postretirement Benefit Plans (Details 3) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Change in benefit obligation | |||
APBO at beginning of year | $2,781 | $3,074 | |
Service cost | 135 | 134 | 109 |
Interest cost | 144 | 106 | 109 |
Plan participants' contributions | 81 | 101 | |
Actuarial loss (gain) | 925 | -428 | |
Benefits paid | -201 | -206 | 177 |
APBO at end of year | 3,865 | 2,781 | 3,074 |
Change in plan assets | |||
Plan participants' contributions | 81 | 101 | |
Benefits paid during year | -201 | -206 | 177 |
Postretirement Death Benefit Obligations [Member] | |||
Change in benefit obligation | |||
APBO at beginning of year | 5,741 | 6,087 | |
Service cost | 16 | 21 | |
Interest cost | 252 | 223 | |
Plan participants' contributions | 0 | 0 | |
Actuarial loss (gain) | -117 | -590 | |
Benefits paid | 0 | 0 | |
APBO at end of year | 5,892 | 5,741 | |
Change in accrued benefit cost | |||
Accrued benefit cost at beginning of year | 3,976 | 3,545 | |
Service cost | 16 | 21 | |
Interest cost | 252 | 223 | |
Amortization | 161 | 187 | |
Employer contributions | 0 | 0 | |
Net gain | 0 | 0 | |
Accrued benefit cost at end of year | 4,405 | 3,976 | |
Change in plan assets | |||
Fair value of plan assets at beginning of year | 0 | 0 | |
Employer contributions | 0 | 0 | |
Plan participants' contributions | 0 | 0 | |
Benefits paid during year | 0 | 0 | |
Fair value of plan assets at end of year | 0 | 0 | |
Funded status at end of year | -5,892 | -5,741 | |
Post Retirement Health Care Benefits [Member] | |||
Change in benefit obligation | |||
APBO at beginning of year | 2,781 | 3,074 | |
Service cost | 135 | 134 | |
Interest cost | 144 | 106 | |
Plan participants' contributions | 81 | 101 | |
Actuarial loss (gain) | 925 | -428 | |
Benefits paid | -201 | -206 | |
APBO at end of year | 3,865 | 2,781 | |
Change in accrued benefit cost | |||
Accrued benefit cost at beginning of year | 2,922 | 2,783 | |
Service cost | 135 | 134 | |
Interest cost | 144 | 106 | |
Amortization | 3 | 4 | |
Employer contributions | -120 | -105 | |
Net gain | 1 | 0 | |
Accrued benefit cost at end of year | 3,085 | 2,922 | |
Change in plan assets | |||
Fair value of plan assets at beginning of year | 0 | 0 | |
Employer contributions | 120 | 105 | |
Plan participants' contributions | 81 | 101 | |
Benefits paid during year | -201 | -206 | |
Fair value of plan assets at end of year | 0 | 0 | |
Funded status at end of year | ($3,865) | ($2,781) |
Retirement_Plans_and_Postretir6
Retirement Plans and Postretirement Benefit Plans (Details 4) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Postretirement Death Benefit Obligations [Member] | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Assets | $0 | $0 |
Liabilities | 5,892 | 5,741 |
Total | 5,892 | 5,741 |
Post Retirement Health Care Benefits [Member] | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Assets | 0 | 0 |
Liabilities | 3,865 | 2,781 |
Total | $3,865 | $2,781 |
Retirement_Plans_and_Postretir7
Retirement Plans and Postretirement Benefit Plans (Details 5) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Postretirement Death Benefit Obligations [Member] | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Net loss (gain) | ($150) | ($33) |
Transition obligation (asset) | 0 | 0 |
Prior service cost (credit) | 1,637 | 1,798 |
Total included in AOCI | 1,487 | 1,765 |
Post Retirement Health Care Benefits [Member] | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Net loss (gain) | 780 | -143 |
Transition obligation (asset) | 0 | 0 |
Prior service cost (credit) | 0 | 2 |
Total included in AOCI | $780 | ($141) |
Retirement_Plans_and_Postretir8
Retirement Plans and Postretirement Benefit Plans (Details 6) (USD $) | Dec. 31, 2014 |
Postretirement Death Benefit Obligations [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
2015 | $217,000 |
2016 | 228,000 |
2017 | 238,000 |
2018 | 247,000 |
2019 | 257,000 |
2020 - 2024 | 1,468,000 |
Postretirement Health Care Benefits [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
2015 | 105,000 |
2016 | 121,000 |
2017 | 133,000 |
2018 | 155,000 |
2019 | 169,000 |
2020 - 2024 | $1,033,000 |
Retirement_Plans_and_Postretir9
Retirement Plans and Postretirement Benefit Plans (Details Textual) (USD $) | 1 Months Ended | 12 Months Ended | ||
Dec. 31, 1992 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Description of Defined Contribution Pension and Other Postretirement Plans | the Bank contributes an amount equal to 4% of the employees base salary to the 401(k) plan for all eligible employees who contribute at least 5% of their salary. In addition, an employee may contribute from 1 to 75 percent of his or her base salary, up to a maximum of $24,000 in 2014. In 2014, 2013, and 2012 the Bank made a matching contribution of 100% on the first 3% of employee deferrals and 50% on the next 2% of deferrals. | |||
Defined Contribution Plan, Administrative Expenses | $558,000 | $515,000 | $474,000 | |
Defined Benefit Plan, Benefits Paid | -201,000 | -206,000 | 177,000 | |
Percentage Of Debt Insurance Premium | 200.00% | |||
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 3.75% | 4.50% | ||
Percentage Of Banks Expenses | 200.00% | |||
Director [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Defined Contribution Plan, Number of Employees Covered | 6 | |||
Retired Director [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Defined Contribution Plan, Number of Employees Covered | 5 | |||
Executive Officer [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Defined Contribution Plan, Number of Employees Covered | 11 | |||
Retired Executive Officer [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Defined Contribution Plan, Number of Employees Covered | 11 | |||
For Director Service Of Less Than 3 Years [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Defined Benefit Plan, Benefits Paid | 500,000 | |||
For Director Service Up To 5 Years [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Defined Benefit Plan, Benefits Paid | 600,000 | |||
For Director Service Up To 10 Years [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Defined Benefit Plan, Benefits Paid | 750,000 | |||
For Director Service Of 10 Years Or More [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Defined Benefit Plan, Benefits Paid | $1,000,000 |
Stockholders_Equity_Details_Te
Stockholders' Equity (Details Textual) (USD $) | 0 Months Ended | 1 Months Ended | 0 Months Ended | 12 Months Ended | ||
2-May-14 | Mar. 03, 2014 | Dec. 23, 2013 | Mar. 15, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | |
Common Stock, Shares, Issued | 22,718,077 | 20,605,493 | ||||
Rights [Member] | ||||||
Common Stock, Shares, Issued | 1,411,765 | |||||
Development Stage Entities, Stock Issued, Shares, Issued for Cash | 1,411,765 | |||||
Proceeds from Issuance of Private Placement | $6,000,000 | |||||
Private Placement [Member] | ||||||
Common Stock, Shares, Issued | 647,059 | 2,647,059 | 500,000 | |||
Development Stage Entities, Stock Issued, Shares, Issued for Cash | 647,059 | 2,647,059 | 500,000 | |||
Proceeds from Issuance of Private Placement | 2,750,000 | 11,250,000 | 1,736,000 | |||
Common Stock [Member] | ||||||
Stock Issued During Period, Shares, Employee Stock Purchase Plans | 23,533 | 28,411 | ||||
Stock Issued During Period, Value, Employee Stock Purchase Plan | $119,000 | $113,000 |
Disclosures_about_Fair_Value_o2
Disclosures about Fair Value of Financial Instruments (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Financial Assets: | ||||
Cash and due from banks | $52,122 | $77,798 | $112,507 | $75,995 |
Securities - Held to Maturity (Note 3) | 32,613 | 34,846 | ||
Securities - Available for Sale (Note 3) | 473,176 | 394,956 | ||
Federal Home Loan Bank stock - at cost | 7,537 | 10,605 | ||
Loans held for sale | 548 | 668 | ||
Loans, net Carrying Value | 597,124 | 581,381 | ||
Accrued Interest Receivable Carrying Value | 3,943 | 3,502 | ||
Cash and due from banks Estimated Fair Value | 52,122 | 77,798 | ||
Securities - Held to Maturity Estimated Fair Value | 33,831 | 35,039 | ||
Federal Home Loan Bank Stock Estimated Fair Value | 7,537 | 10,605 | ||
Accrued Interest Receivable Estimated Fair Value | 3,943 | 3,502 | ||
Financial Liabilities: | ||||
Non-interest bearing | 218,221 | 215,844 | ||
Interest Bearings Deposits Carrying Value | 893,590 | 853,874 | ||
FHLB Advances Carrying Value | 12,000 | |||
Securities sold under repurchase agreements (Note 8) | 15,000 | 15,000 | ||
Accrued Interest Payable Carrying Value | 137 | 179 | ||
Noninterest Bearing Deposits Estimated Fair Value | 218,221 | 215,844 | ||
Interest Bearings Deposits Estimated Fair Value | 895,522 | 857,149 | ||
FHLB Advances Estimated Fair Value | 12,000 | |||
Repurchase Agreements Estimated Fair Value | 15,828 | 16,352 | ||
Accrued Interest Payable Estimated Fair Value | 137 | 179 | ||
Loans Held for Sale Estimated Fair Value | 560 | 682 | ||
Loans, net Estimated Fair Value | 608,109 | 591,471 | ||
Corporate Debt Securities [Member] | ||||
Financial Assets: | ||||
Securities - Held to Maturity (Note 3) | 500 | 500 | ||
Securities - Available for Sale (Note 3) | 4,002 | 8,071 | ||
Securities - Held to Maturity Estimated Fair Value | 500 | 500 | ||
Securities - Available for Sale Estimated Fair Value | 4,002 | 8,071 | ||
Fair Value, Inputs, Level 1 [Member] | ||||
Financial Assets: | ||||
Cash and due from banks | 52,122 | 77,798 | ||
Federal Home Loan Bank stock - at cost | 0 | 0 | ||
Loans held for sale | 0 | 0 | ||
Loans, net Carrying Value | 0 | 0 | ||
Accrued Interest Receivable Carrying Value | 0 | 0 | ||
Financial Liabilities: | ||||
Non-interest bearing | 218,221 | 215,844 | ||
Interest Bearings Deposits Carrying Value | 0 | 0 | ||
FHLB Advances Carrying Value | 0 | |||
Securities sold under repurchase agreements (Note 8) | 0 | 0 | ||
Accrued Interest Payable Carrying Value | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member] | ||||
Financial Assets: | ||||
Securities - Held to Maturity Estimated Fair Value | 0 | 0 | ||
Securities - Available for Sale Estimated Fair Value | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | ||||
Financial Assets: | ||||
Cash and due from banks | 0 | 0 | ||
Federal Home Loan Bank stock - at cost | 7,537 | 10,605 | ||
Loans held for sale | 0 | 0 | ||
Loans, net Carrying Value | 0 | 0 | ||
Accrued Interest Receivable Carrying Value | 0 | 0 | ||
Financial Liabilities: | ||||
Non-interest bearing | 0 | 0 | ||
Interest Bearings Deposits Carrying Value | 895,522 | 857,149 | ||
FHLB Advances Carrying Value | 12,000 | |||
Securities sold under repurchase agreements (Note 8) | 15,828 | 16,352 | ||
Accrued Interest Payable Carrying Value | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | ||||
Financial Assets: | ||||
Securities - Held to Maturity Estimated Fair Value | 500 | 500 | ||
Securities - Available for Sale Estimated Fair Value | 4,002 | 8,071 | ||
Fair Value, Inputs, Level 3 [Member] | ||||
Financial Assets: | ||||
Cash and due from banks | 0 | 0 | ||
Federal Home Loan Bank stock - at cost | 0 | 0 | ||
Loans held for sale | 560 | 682 | ||
Loans, net Carrying Value | 608,109 | 591,471 | ||
Accrued Interest Receivable Carrying Value | 3,943 | 3,502 | ||
Financial Liabilities: | ||||
Non-interest bearing | 0 | 0 | ||
Interest Bearings Deposits Carrying Value | 0 | 0 | ||
FHLB Advances Carrying Value | 0 | |||
Securities sold under repurchase agreements (Note 8) | 0 | 0 | ||
Accrued Interest Payable Carrying Value | 137 | 179 | ||
Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member] | ||||
Financial Assets: | ||||
Securities - Held to Maturity Estimated Fair Value | 0 | 0 | ||
Securities - Available for Sale Estimated Fair Value | 0 | 0 | ||
Obligations Of U.S. Government Agencies [Member] | ||||
Financial Assets: | ||||
Securities - Available for Sale (Note 3) | 342,048 | 266,713 | ||
Securities - Available for Sale Estimated Fair Value | 342,048 | 266,713 | ||
Obligations Of U.S. Government Agencies [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Financial Assets: | ||||
Securities - Available for Sale Estimated Fair Value | 0 | 0 | ||
Obligations Of U.S. Government Agencies [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Financial Assets: | ||||
Securities - Available for Sale Estimated Fair Value | 342,048 | 266,713 | ||
Obligations Of U.S. Government Agencies [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Financial Assets: | ||||
Securities - Available for Sale Estimated Fair Value | 0 | 0 | ||
Mortgage Backed Securities Issued By U.S. Government Agencies [Member] | ||||
Financial Assets: | ||||
Securities - Available for Sale (Note 3) | 105,406 | 96,526 | ||
Securities - Available for Sale Estimated Fair Value | 105,406 | 96,526 | ||
Mortgage Backed Securities Issued By U.S. Government Agencies [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Financial Assets: | ||||
Securities - Available for Sale Estimated Fair Value | 0 | 0 | ||
Mortgage Backed Securities Issued By U.S. Government Agencies [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Financial Assets: | ||||
Securities - Available for Sale Estimated Fair Value | 105,406 | 96,526 | ||
Mortgage Backed Securities Issued By U.S. Government Agencies [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Financial Assets: | ||||
Securities - Available for Sale Estimated Fair Value | 0 | 0 | ||
Obligations Of States and Political Subdivisions [Member] | ||||
Financial Assets: | ||||
Securities - Held to Maturity (Note 3) | 32,113 | 34,346 | ||
Securities - Available for Sale (Note 3) | 19,581 | 15,363 | ||
Securities - Held to Maturity Estimated Fair Value | 33,331 | 34,539 | ||
Securities - Available for Sale Estimated Fair Value | 19,581 | 15,363 | ||
Obligations Of States and Political Subdivisions [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Financial Assets: | ||||
Securities - Held to Maturity Estimated Fair Value | 0 | 0 | ||
Securities - Available for Sale Estimated Fair Value | 0 | 0 | ||
Obligations Of States and Political Subdivisions [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Financial Assets: | ||||
Securities - Held to Maturity Estimated Fair Value | 33,331 | 34,539 | ||
Securities - Available for Sale Estimated Fair Value | 19,581 | 15,363 | ||
Obligations Of States and Political Subdivisions [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Financial Assets: | ||||
Securities - Held to Maturity Estimated Fair Value | 0 | 0 | ||
Securities - Available for Sale Estimated Fair Value | 0 | 0 | ||
Trust Preferred Cdo Securities [Member] | ||||
Financial Assets: | ||||
Securities - Available for Sale (Note 3) | 5,751 | |||
Securities - Available for Sale Estimated Fair Value | 5,751 | |||
Trust Preferred Cdo Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Financial Assets: | ||||
Securities - Available for Sale Estimated Fair Value | 0 | |||
Trust Preferred Cdo Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Financial Assets: | ||||
Securities - Available for Sale Estimated Fair Value | 0 | |||
Trust Preferred Cdo Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Financial Assets: | ||||
Securities - Available for Sale Estimated Fair Value | 5,751 | |||
Other Securities [Member] | ||||
Financial Assets: | ||||
Securities - Available for Sale (Note 3) | 2,139 | 2,532 | ||
Securities - Available for Sale Estimated Fair Value | 2,139 | 2,532 | ||
Other Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Financial Assets: | ||||
Securities - Available for Sale Estimated Fair Value | 2,139 | 2,087 | ||
Other Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Financial Assets: | ||||
Securities - Available for Sale Estimated Fair Value | 0 | 445 | ||
Other Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Financial Assets: | ||||
Securities - Available for Sale Estimated Fair Value | $0 | $0 |
Federal_Income_Taxes_Details
Federal Income Taxes (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Investments, Owned, Federal Income Tax Note [Line Items] | |||||||||||
Federal income taxes currently payable | $69 | $42 | $1,497 | ||||||||
Provision (credit) for deferred taxes on: | |||||||||||
Book (over) under tax loan loss provision | 1,059 | -466 | 1,386 | ||||||||
Accretion of bond discount | 161 | 45 | -5 | ||||||||
Net deferred loan origination fees | -419 | 10 | -56 | ||||||||
Accrued postretirement benefits | -224 | -280 | -296 | ||||||||
Tax over (under) book depreciation | -34 | -462 | 180 | ||||||||
Alternative minimum tax | -63 | 0 | 0 | ||||||||
Non-accrual loan interest | 274 | 602 | -770 | ||||||||
Other real estate owned | 136 | 805 | -253 | ||||||||
Other than temporary impairment AFS securities | 566 | 0 | 0 | ||||||||
Net operating loss carry forward | 630 | 1,559 | -697 | ||||||||
Other, net | 417 | -87 | -173 | ||||||||
Total deferred provision (benefit) | 2,503 | 1,726 | -684 | ||||||||
Valuation allowance deferred tax assets | 0 | -19,881 | -4,316 | ||||||||
Net deferred provision (benefit) | 2,503 | -18,155 | -5,000 | ||||||||
Tax expense (benefit) | $818 | $603 | $558 | $593 | $682 | ($18,795) | $0 | $0 | $2,572 | ($18,113) | ($3,503) |
Federal_Income_Taxes_Details_1
Federal Income Taxes (Details 1) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Investments, Owned, Federal Income Tax Note [Line Items] | |||
Statutory rate | 34.00% | 34.00% | 34.00% |
Municipal interest income | -3.90% | -5.40% | -7.90% |
Other, net | -4.10% | -4.80% | -10.00% |
Valuation allowance | 0.00% | -267.80% | -85.60% |
Effective tax rate | 26.00% | -244.00% | -69.50% |
Federal_Income_Taxes_Details_2
Federal Income Taxes (Details 2) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Deferred Federal income tax assets: | ||
Allowance for loan losses | $5,488 | $6,547 |
Net deferred loan origination fees | 662 | 243 |
Tax versus book depreciation differences | 494 | 460 |
Net unrealized losses on securities available for sale | 586 | 5,050 |
Accrued postretirement benefits | 3,708 | 3,265 |
Alternative minimum tax | 834 | 771 |
Non-accrual loan interest | 1,212 | 1,486 |
Other real estate owned | 1,265 | 1,401 |
Other than temporary impairment AFS securities | 0 | 566 |
Net operating loss | 7,497 | 8,127 |
Other, net | 1,223 | 1,248 |
Total deferred tax asset | 22,969 | 29,164 |
Deferred Federal income tax liabilities: | ||
Accretion of bond discount | -224 | -63 |
Net unrealized gains on securities available for sale | 0 | 0 |
Tax versus book depreciation differences | 0 | 0 |
Other | -737 | -345 |
Total deferred federal tax liabilities | -961 | -408 |
Net deferred Federal income tax asset (liability) | $22,008 | $28,756 |
Federal_Income_Taxes_Details_T
Federal Income Taxes (Details Textual) (USD $) | 12 Months Ended | |||||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 |
Investments, Owned, Federal Income Tax Note [Line Items] | ||||||
Deferred Tax Assets, Valuation Allowance | $18.80 | $24.20 | $20.90 | $13.90 | ||
Deferred Tax Assets, Gross | 17 | |||||
Valuation Allowances and Reserves, Deductions | 5 | |||||
Operating Loss Carryforwards | $22.10 | |||||
Operating Loss Carryforwards Expiration | The Corporation has net operating loss carry forwards of approximately $22.1 million that are available to reduce future taxable income through the year ending December 31, 2032. |
Regulatory_Capital_Requirement2
Regulatory Capital Requirements (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | |
In Thousands, unless otherwise specified | |||
Regulatory Capital Requirements [Line Items] | |||
Total Capital to Risk-Weighted Assets Actual Amount | $129,032 | $110,414 | |
Total Capital to Risk-Weighted Assets Actual Ratio | 17.22% | 14.55% | |
Total Capital to Risk-Weighted Assets Minimum to Qualify as Well Capitalized Amount | 74,917 | 75,899 | [1] |
Total Capital to Risk-Weighted Assets Minimum to Qualify as Well Capitalized Ratio | 10.00% | 10.00% | [1] |
Tier 1 Capital to Risk-Weighted Assets Actual Amount | 119,573 | 100,839 | |
Tier 1 Capital to Risk-Weighted Assets Actual Ratio | 15.96% | 13.29% | |
Tier 1 Capital to Risk-Weighted Assets Minimum to Qualify as Well Capitalized Amount | 44,950 | 45,540 | [1] |
Tier 1 Capital to Risk-Weighted Assets Minimum to Qualify as Well Capitalized Ratio | 6.00% | 6.00% | [1] |
Tier 1 Capital to Average Assets Actual Amount | 119,573 | 100,839 | |
Tier 1 Capital to Average Assets Actual Ratio | 9.68% | 8.61% | |
Tier 1 Capital to Average Assets Minimum to Qualify as Well Capitalized Amount | 61,731 | 58,593 | [1] |
Tier 1 Capital to Average Assets Minimum to Qualify as Well Capitalized Ratio | 5.00% | 5.00% | [1] |
Monroe Bank Trust [Member] | |||
Regulatory Capital Requirements [Line Items] | |||
Total Capital to Risk-Weighted Assets Actual Amount | 127,400 | 108,818 | |
Total Capital to Risk-Weighted Assets Actual Ratio | 17.01% | 14.36% | |
Total Capital to Risk-Weighted Assets Minimum to Qualify as Well Capitalized Amount | 74,895 | 75,760 | [1] |
Total Capital to Risk-Weighted Assets Minimum to Qualify as Well Capitalized Ratio | 10.00% | 10.00% | [1] |
Tier 1 Capital to Risk-Weighted Assets Actual Amount | 117,944 | 99,242 | |
Tier 1 Capital to Risk-Weighted Assets Actual Ratio | 15.75% | 13.10% | |
Tier 1 Capital to Risk-Weighted Assets Minimum to Qualify as Well Capitalized Amount | 44,937 | 45,456 | [1] |
Tier 1 Capital to Risk-Weighted Assets Minimum to Qualify as Well Capitalized Ratio | 6.00% | 6.00% | [1] |
Tier 1 Capital to Average Assets Actual Amount | 117,944 | 99,242 | |
Tier 1 Capital to Average Assets Actual Ratio | 9.55% | 8.48% | |
Tier 1 Capital to Average Assets Minimum to Qualify as Well Capitalized Amount | $61,721 | $58,522 | [1] |
Tier 1 Capital to Average Assets Minimum to Qualify as Well Capitalized Ratio | 5.00% | 5.00% | [1] |
[1] | Although the Bankbs capital ratios exceed the bWell Capitalizedb minimums, the Bank was categorized as bAdequately Capitalizedb as of December 31, 2013 due to its Consent Order with the FDIC. |
Regulatory_Capital_Requirement3
Regulatory Capital Requirements (Details Textual) | Jul. 22, 2010 |
Regulatory Capital Requirements [Line Items] | |
Refers To Tier One Leverage Ratio | 9.00% |
Refers To Total Risk Based Capital Ratio | 12.00% |
Earnings_Per_Share_Details
Earnings Per Share (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Basic | |||||||||||
Net income | $2,149,000 | $1,712,000 | $1,687,000 | $1,767,000 | $1,640,000 | $21,287,000 | $1,496,000 | $1,114,000 | $7,315,000 | $25,537,000 | $8,545,000 |
Less preferred dividends | 0 | 0 | 0 | ||||||||
Net income applicable to common stock | 7,315,000 | 25,537,000 | 8,545,000 | ||||||||
Average common shares outstanding | 22,109,911 | 17,882,070 | 17,332,012 | ||||||||
Income per common share - basic (in dollars per share) | $0.09 | $0.08 | $0.08 | $0.08 | $0.10 | $1.19 | $0.08 | $0.06 | $0.33 | $1.43 | $0.49 |
Diluted | |||||||||||
Net income | 2,149,000 | 1,712,000 | 1,687,000 | 1,767,000 | 1,640,000 | 21,287,000 | 1,496,000 | 1,114,000 | 7,315,000 | 25,537,000 | 8,545,000 |
Less preferred dividends | 0 | 0 | 0 | ||||||||
Net income applicable to common stock | $7,315,000 | $25,537,000 | $8,545,000 | ||||||||
Average common shares outstanding | 22,109,911 | 17,882,070 | 17,332,012 | ||||||||
Stock option adjustment | 180,657 | 203,024 | 101,801 | ||||||||
Average common shares outstanding - diluted | 22,290,568 | 18,085,094 | 17,433,813 | ||||||||
Income per common share - diluted (in dollars per share) | $0.09 | $0.07 | $0.08 | $0.08 | $0.10 | $1.17 | $0.08 | $0.06 | $0.33 | $1.41 | $0.49 |
Earnings_Per_Share_Details_Tex
Earnings Per Share (Details Textual) (Employee Stock Option [Member]) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Employee Stock Option [Member] | |||
Earnings Per Share [Line Items] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 385,100 | 283,900 | 396,835 |
StockBased_Compensation_Plan_D
Stock-Based Compensation Plan (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Options Outstanding, January 1, Shares | 283,900 | 396,835 | 436,503 |
Granted, Shares | 0 | 0 | 0 |
Exercised, Shares | 0 | 0 | 0 |
Forfeited, Shares | 1,500 | 49,600 | 17,500 |
Expired, Shares | 77,000 | 63,335 | 22,168 |
Options Outstanding, December 31, Shares | 205,400 | 283,900 | 396,835 |
Options Exercisable, December 31, Shares | 205,400 | 283,900 | 396,835 |
Options Outstanding, January 1, Weighted Average Exercise Price | $18.41 | $17.57 | $17.34 |
Granted, Weighted Average Exercise Price | $0 | $0 | $0 |
Exercised, Weighted Average Exercise Price | $0 | $0 | $0 |
Forfeited, Weighted Average Exercise Price | $15.33 | $18.31 | $16.57 |
Expired, Weighted Average Exercise Price | $16.69 | $13.20 | $13.85 |
Options Outstanding, December 31, Weighted Average Exercise Price | $19.08 | $18.41 | $17.57 |
Options Exercisable, December 31, Weighted Average Exercise Price | $19.08 | $18.41 | $17.57 |
Weighted Average Fair Value of Options or SOSARs Granted During Year | $2.98 | $1.43 | $1.11 |
Stock Appreciation Rights (SARs) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Options Outstanding, January 1, Shares | 472,271 | 410,666 | 320,000 |
Granted, Shares | 110,000 | 112,369 | 104,000 |
Exercised, Shares | 18,998 | 35,464 | 0 |
Forfeited, Shares | 5,834 | 15,300 | 13,334 |
Expired, Shares | 0 | 0 | 0 |
Options Outstanding, December 31, Shares | 557,439 | 472,271 | 410,666 |
Options Exercisable, December 31, Shares | 450,888 | 373,560 | 319,630 |
Options Outstanding, January 1, Weighted Average Exercise Price | $3.23 | $3.53 | $4.08 |
Granted, Weighted Average Exercise Price | $4.90 | $2.35 | $1.85 |
Exercised, Weighted Average Exercise Price | $2.15 | $2.28 | $0 |
Forfeited, Weighted Average Exercise Price | $4.91 | $7.09 | $3.68 |
Expired, Weighted Average Exercise Price | $0 | $0 | $0 |
Options Outstanding, December 31, Weighted Average Exercise Price | $3.58 | $3.23 | $3.53 |
Options Exercisable, December 31, Weighted Average Exercise Price | $3.45 | $3.50 | $4.01 |
Weighted Average Fair Value of Options or SOSARs Granted During Year | $2.98 | $1.43 | $1.11 |
StockBased_Compensation_Plan_D1
Stock-Based Compensation Plan (Details 1) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Employee Stock Option [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Outstanding and Exercisable Options, Shares | 205,400 |
Outstanding and Exercisable Options, Remaining Life (in years) | 10 months 6 days |
Exercise Price 1 [Member] | Employee Stock Option [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Outstanding and Exercisable Options, Exercise Price | 15.33 |
Outstanding and Exercisable Options, Shares | 62,700 |
Outstanding and Exercisable Options, Remaining Life (in years) | 1 year 11 months 12 days |
Exercise Price 2 [Member] | Employee Stock Option [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Outstanding and Exercisable Options, Exercise Price | 16.24 |
Outstanding and Exercisable Options, Shares | 53,200 |
Outstanding and Exercisable Options, Remaining Life (in years) | 11 months 23 days |
Exercise Price 3 [Member] | Employee Stock Option [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Outstanding and Exercisable Options, Exercise Price | 23.4 |
Outstanding and Exercisable Options, Shares | 89,500 |
Outstanding and Exercisable Options, Remaining Life (in years) | 4 days |
Stock Appreciation Rights (SARs) [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Outstanding SOSARs, Shares | 557,439 |
Outstanding SOSARs, Remaining Life (in years) | 6 years 5 months 8 days |
Exercisable SOSARs, Shares | 450,888 |
Exercisable SOSARs, Remaining Life (in years) | 5 years 10 months 17 days |
Stock Appreciation Rights (SARs) [Member] | Exercise Price 1 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Outstanding SOSARs, Exercise Price | 1.52 |
Outstanding SOSARs, Shares | 12,000 |
Outstanding SOSARs, Remaining Life (in years) | 5 years 4 days |
Exercisable SOSARs, Shares | 12,000 |
Exercisable SOSARs, Remaining Life (in years) | 5 years 4 days |
Stock Appreciation Rights (SARs) [Member] | Exercise Price 2 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Outstanding SOSARs, Exercise Price | 1.85 |
Outstanding SOSARs, Shares | 165,336 |
Outstanding SOSARs, Remaining Life (in years) | 6 years 5 months 1 day |
Exercisable SOSARs, Shares | 165,336 |
Exercisable SOSARs, Remaining Life (in years) | 6 years 5 months 1 day |
Stock Appreciation Rights (SARs) [Member] | Exercise Price 3 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Outstanding SOSARs, Exercise Price | 2.35 |
Outstanding SOSARs, Shares | 105,703 |
Outstanding SOSARs, Remaining Life (in years) | 7 years 11 months 19 days |
Exercisable SOSARs, Shares | 72,505 |
Exercisable SOSARs, Remaining Life (in years) | 7 years 11 months 19 days |
Stock Appreciation Rights (SARs) [Member] | Exercise Price 4 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Outstanding SOSARs, Exercise Price | 3.03 |
Outstanding SOSARs, Shares | 94,700 |
Outstanding SOSARs, Remaining Life (in years) | 3 years 11 months 1 day |
Exercisable SOSARs, Shares | 94,700 |
Exercisable SOSARs, Remaining Life (in years) | 3 years 11 months 1 day |
Stock Appreciation Rights (SARs) [Member] | Exercise Price 5 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Outstanding SOSARs, Exercise Price | 4.9 |
Outstanding SOSARs, Shares | 110,000 |
Outstanding SOSARs, Remaining Life (in years) | 9 years 2 months 5 days |
Exercisable SOSARs, Shares | 36,647 |
Exercisable SOSARs, Remaining Life (in years) | 9 years 2 months 5 days |
Stock Appreciation Rights (SARs) [Member] | Exercise Price 6 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Outstanding SOSARs, Exercise Price | 8.53 |
Outstanding SOSARs, Shares | 69,700 |
Outstanding SOSARs, Remaining Life (in years) | 3 years 5 months 26 days |
Exercisable SOSARs, Shares | 69,700 |
Exercisable SOSARs, Remaining Life (in years) | 3 years 5 months 26 days |
StockBased_Compensation_Plan_D2
Stock-Based Compensation Plan (Details 2) (Stock Appreciation Rights (SARs) [Member], USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Stock Appreciation Rights (SARs) [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
SOSARs Outstanding, January 1, 2014, Shares | 98,711 |
Granted, Shares | 110,000 |
Vested, Shares | -98,826 |
Forfeited, Shares | -3,334 |
SOSARs Outstanding, December 31, 2014, Shares | 106,551 |
SOSARs Outstanding, January 1, 2014, Weighted Average Base Price | $1.33 |
Granted | $2.98 |
Vested | $1.91 |
Forfeited | $1.33 |
SOSARs Outstanding, December 31, 2014 Weighted Average Base Price | $2.50 |
StockBased_Compensation_Plan_D3
Stock-Based Compensation Plan (Details 3) (Restricted Stock [Member]) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Restricted Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
SOSARs Outstanding, January 1, 2014, Shares | 25,000 | 50,000 | 120,000 |
Granted, Shares | 6,000 | 0 | 10,000 |
Vested, Shares | 31,000 | 25,000 | 80,000 |
Forfeited, Shares | 0 | 0 | 0 |
SOSARs Outstanding, December 31, 2014, Shares | 0 | 25,000 | 50,000 |
StockBased_Compensation_Plan_D4
Stock-Based Compensation Plan (Details 4) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Vest on December 31, 2016 [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Net Income Loss Before Tax Weighting Percentage | 50.00% | |
Classified Assets to Capital Ratio Weighting Percentage | 50.00% | |
Net Income before Tax Performance Requirement | At or greater than | |
Classified Assets to Capital Ratio Performance Requirement | At or less than | |
Classified Assets to Capital Ratio 2014 Performance Threshold | 50.00% | |
Net Income Loss 2014 Performance Threshold | $8,413,000 | |
Net Income Loss Before Tax 2015 Performance Threshold | 9,232,000 | |
Classified Assets to Capital Ratio 2015 Performance Threshold | 30.00% | |
Vest on December 31, 2015 [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Net Income Loss Before Tax Weighting Percentage | 25.00% | |
Tier One Leverage Ratio Weighting Percentage | 25.00% | |
Texas Ratio Weighting Percentage | 50.00% | |
Net Income before Tax Performance Requirement | At or greater than | |
Tier One Leverage Ratio Performance Requirement | At or greater than | |
Texas Ratio Performance Requirement | At or less than | |
Net Income Loss 2014 Performance Threshold | 9,000,000 | |
Net Income Loss 2013 Performance Threshold | $6,400,000 | |
Tier One Leverage Ratio 2013 Performance Threshold | 7.75% | |
Texas Ratio 2013 Performance Threshold | 50.00% | |
Tier One Leverage Ratio 2014 Performance Threshold | 8.25% | |
Texas Ratio 2014 Performance Threshold | 35.00% |
StockBased_Compensation_Plan_D5
Stock-Based Compensation Plan (Details Textual) (USD $) | 12 Months Ended | 0 Months Ended | |||||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 07, 2014 | Dec. 31, 2015 | Apr. 06, 2000 | 1-May-08 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Share based Compensation Arrangement by Share based Payment Award, Equity Instruments Other than Options, Granted Percentage | 50.00% | ||||||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit | $1.52 | ||||||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit | $23.40 | ||||||
Restricted Stock Share Based Compensation Arrangement By Share Based Payment Award Vested During Period | 17,500 | -7,500 | |||||
Subsequent Event [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Share based Compensation Arrangement by Share based Payment Award, Equity Instruments Other than Options, Granted Percentage | 50.00% | ||||||
Restricted Stock Share Based Compensation Arrangement By Share Based Payment Award Vested During Period | 17,500 | ||||||
Stock Only Stock Appreciation Rights [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $266,000 | ||||||
Share Based Compensation Arrangement By Share Based Payment Award Expected Term | 10 years | ||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 1 year 8 months 8 days | ||||||
Restricted Stock Units (RSUs) [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Restricted Stock or Unit Expense | 76,000 | 38,000 | |||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | 132,000 | ||||||
Restricted Stock Share Based Compensation Arrangement By Share Based Payment Award Vested During Period | 22,500 | ||||||
Long Term Incentive Compensation Plan [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Maximum Shares Issuable | 1,000,000 | ||||||
Maximum Shares Issuable To Individual In One Calendar Year | 100,000 | ||||||
Stock Incentive Plan 2008 [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Maximum Shares Issuable | 1,000,000 | ||||||
Maximum Shares Issuable To Individual In One Calendar Year | 100,000 | ||||||
Shares, Outstanding | 100,201 | ||||||
Stock Issued During Period, Shares, Share-based Compensation, Forfeited | 185,648 | ||||||
Restricted Stock [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Restricted Stock or Unit Expense | 37,000 | 20,000 | 70,000 | ||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $0 | $7,000 | $27,000 | ||||
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 172,000 | ||||||
Executive Officer [Member] | Restricted Stock [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 35,000 | ||||||
Non Employee Directors [Member] | Restricted Stock Units (RSUs) [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 6,000 |
Parent_Company_Details
Parent Company (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Assets | ||||
Cash and due from banks | $52,122 | $77,798 | $112,507 | $75,995 |
Other assets | 29,465 | 34,094 | ||
Total assets | 1,278,657 | 1,222,682 | ||
Liabilities | ||||
Accounts payable and accrued expenses | 17,310 | 15,356 | ||
Total liabilities | 1,144,121 | 1,112,074 | ||
Stockholders' Equity | ||||
Total stockholders' equity | 134,536 | 110,608 | 83,574 | 75,711 |
Total liabilities and stockholders' equity | 1,278,657 | 1,222,682 | ||
Parent Company [Member] | ||||
Assets | ||||
Cash and due from banks | 1,719 | 493 | 212 | 116 |
Securities | 0 | 446 | ||
Investment in subsidiary bank | 132,352 | 109,039 | ||
Other assets | 821 | 902 | ||
Total assets | 134,892 | 110,880 | ||
Liabilities | ||||
Accounts payable and accrued expenses | 356 | 272 | ||
Total liabilities | 356 | 272 | ||
Stockholders' Equity | ||||
Total stockholders' equity | 134,536 | 110,608 | ||
Total liabilities and stockholders' equity | $134,892 | $110,880 |
Parent_Company_Details_1
Parent Company (Details 1) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Income | |||||||||||
Net gain on sales of securities | ($654) | $424 | $1,280 | ||||||||
Expense | |||||||||||
Income tax expense (benefit) | 818 | 603 | 558 | 593 | 682 | -18,795 | 0 | 0 | 2,572 | -18,113 | -3,503 |
Net Income | 2,149 | 1,712 | 1,687 | 1,767 | 1,640 | 21,287 | 1,496 | 1,114 | 7,315 | 25,537 | 8,545 |
Parent Company [Member] | |||||||||||
Income | |||||||||||
Dividends from subsidiary bank | 0 | 0 | 0 | ||||||||
Net gain on sales of securities | 214 | 0 | 0 | ||||||||
Total income | 214 | 0 | 0 | ||||||||
Expense | |||||||||||
Interest on borrowed funds | 0 | 4 | 12 | ||||||||
Other expense | 282 | 274 | 272 | ||||||||
Total expense | 282 | 278 | 284 | ||||||||
Loss before tax and equity in undistributed net loss of subsidiary bank | -68 | -278 | -284 | ||||||||
Income tax expense (benefit) | 2 | -432 | 0 | ||||||||
Income (Loss) before equity in undistributed net income of subsidiary bank | -70 | 154 | -284 | ||||||||
Equity in undistributed net income (loss) of subsidiary bank | 7,385 | 25,383 | 8,829 | ||||||||
Net Income | $7,315 | $25,537 | $8,545 |
Parent_Company_Details_2
Parent Company (Details 2) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Cash Flows Used For Operating Activities: | |||||||||||
Net Income | $2,149 | $1,712 | $1,687 | $1,767 | $1,640 | $21,287 | $1,496 | $1,114 | $7,315 | $25,537 | $8,545 |
Gain on sales of investment securities | 654 | -424 | -1,280 | ||||||||
Net cash used for operating activities | 11,687 | 14,924 | 17,204 | ||||||||
Cash Flows Used For Investing Activities: | |||||||||||
Net cash used for investing activities | -75,571 | 12,531 | -2,455 | ||||||||
Cash Flows Provided By Financing Activities: | |||||||||||
Issuance of common stock | 8,115 | 12,083 | 243 | ||||||||
Net cash provided by financing activities | 38,208 | -62,164 | 21,763 | ||||||||
Net Increase (Decrease) in Cash and Cash Equivalents | -25,676 | -34,709 | 36,512 | ||||||||
Cash and Cash Equivalents at Beginning of Year (Note 1) | 77,798 | 112,507 | 77,798 | 112,507 | 75,995 | ||||||
Cash and Cash Equivalents at End of Year (Note 1) | 52,122 | 77,798 | 52,122 | 77,798 | 112,507 | ||||||
Parent Company [Member] | |||||||||||
Cash Flows Used For Operating Activities: | |||||||||||
Net Income | 7,315 | 25,537 | 8,545 | ||||||||
Equity in undistributed net income of subsidiary bank | -7,385 | -25,383 | -8,829 | ||||||||
Gain on sales of investment securities | -214 | 0 | 0 | ||||||||
Net decrease in other liabilities | 84 | 134 | 138 | ||||||||
Net (increase) decrease in other assets | 57 | -605 | -1 | ||||||||
Net cash used for operating activities | -143 | -317 | -147 | ||||||||
Cash Flows Used For Investing Activities: | |||||||||||
Sales and maturities of investment securities | 754 | 0 | 0 | ||||||||
Investment in subsidiary | -7,500 | -11,350 | 0 | ||||||||
Net cash used for investing activities | -6,746 | -11,350 | 0 | ||||||||
Cash Flows Provided By Financing Activities: | |||||||||||
Issuance of common stock | 8,115 | 12,083 | 243 | ||||||||
Repayment of long term debt | 0 | -135 | 0 | ||||||||
Net cash provided by financing activities | 8,115 | 11,948 | 243 | ||||||||
Net Increase (Decrease) in Cash and Cash Equivalents | 1,226 | 281 | 96 | ||||||||
Cash and Cash Equivalents at Beginning of Year (Note 1) | 493 | 212 | 493 | 212 | 116 | ||||||
Cash and Cash Equivalents at End of Year (Note 1) | $1,719 | $493 | $1,719 | $493 | $212 |
Parent_Company_Details_Textual
Parent Company (Details Textual) (USD $) | Dec. 31, 2014 |
Maximum Funds Available For Loan To Corporation | $14,819,000 |
Financial_Instruments_with_Off2
Financial Instruments with Off-Balance Sheet Risk (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Commitments to extend credit: | ||
Standby letters of credit and financial guarantees written | $3,178 | $3,667 |
All other off-balance sheet assets | 0 | 0 |
Commercial Line Of Credit [Member] | ||
Commitments to extend credit: | ||
Unused portion of home equity lines of credit | 66,319 | 68,159 |
Credit Card Line Of Credit [Member] | ||
Commitments to extend credit: | ||
Unused portion of home equity lines of credit | 3,630 | 3,255 |
Home Equity Lines Of Credit [Member] | ||
Commitments to extend credit: | ||
Unused portion of home equity lines of credit | $19,544 | $16,769 |
Quarterly_Financial_Informatio2
Quarterly Financial Information (Unaudited) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Schedule Of Quarterly Financial Information [Line Items] | |||||||||||
Total Interest Income | $9,666 | $9,797 | $9,540 | $9,536 | $9,672 | $9,764 | $9,741 | $10,061 | $38,539 | $39,238 | $44,535 |
Total Interest Expense | 864 | 945 | 988 | 1,041 | 1,143 | 1,225 | 1,652 | 2,017 | 3,838 | 6,037 | 9,886 |
Net Interest Income | 8,802 | 8,852 | 8,552 | 8,495 | 8,529 | 8,539 | 8,089 | 8,044 | 34,701 | 33,201 | 34,649 |
Provision for (Recovery of) Loan Losses | 0 | -700 | 100 | 100 | 100 | 200 | 400 | 1,500 | 500 | -2,200 | |
Other Income | 3,980 | 2,125 | 3,584 | 3,664 | 3,838 | 4,116 | 3,989 | 3,988 | |||
Other Expenses | 9,815 | 9,362 | 9,791 | 9,699 | 9,945 | 9,963 | 10,182 | 9,418 | 2,490 | 2,683 | 3,124 |
Income Before Provision For Income Taxes | 2,967 | 2,315 | 2,245 | 2,360 | 2,322 | 2,492 | 1,496 | 1,114 | 9,887 | 7,424 | 5,042 |
Provision For Income Taxes | 818 | 603 | 558 | 593 | 682 | -18,795 | 0 | 0 | 2,572 | -18,113 | -3,503 |
Net Income | $2,149 | $1,712 | $1,687 | $1,767 | $1,640 | $21,287 | $1,496 | $1,114 | $7,315 | $25,537 | $8,545 |
Basic Earnings Per Common Share (in dollars per share) | $0.09 | $0.08 | $0.08 | $0.08 | $0.10 | $1.19 | $0.08 | $0.06 | $0.33 | $1.43 | $0.49 |
Diluted Earnings Per Common Share (in dollars per share) | $0.09 | $0.07 | $0.08 | $0.08 | $0.10 | $1.17 | $0.08 | $0.06 | $0.33 | $1.41 | $0.49 |
Dividends Declared Per Share (in dollars per share) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Fair_Value_Disclosures_Details
Fair Value Disclosures (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Inputs, Level 1 [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | $2,139 | $2,087 |
Fair Value, Inputs, Level 1 [Member] | Obligations Of U.S. Government Agencies [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | 471,037 | 387,118 |
Fair Value, Inputs, Level 2 [Member] | Obligations Of U.S. Government Agencies [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | 342,048 | 266,713 |
Fair Value, Inputs, Level 3 [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | 0 | 5,751 |
Fair Value, Inputs, Level 3 [Member] | Obligations Of U.S. Government Agencies [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | 0 | 0 |
Obligations Of States and Political Subdivisions [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | 0 | 0 |
Obligations Of States and Political Subdivisions [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | 19,581 | 15,363 |
Obligations Of States and Political Subdivisions [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | 0 | 0 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | 0 | 0 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | 4,002 | 8,071 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | 0 | 0 |
Mortgage Backed Securities Issued By U.S. Government Agencies [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | 105,406 | 96,526 |
Trust Preferred CDO Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | 0 | |
Trust Preferred CDO Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | 0 | |
Trust Preferred CDO Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | 5,751 | |
Other Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | 2,139 | 2,087 |
Other Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | 0 | 445 |
Other Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Disclosures about Fair Value of Financial Instruments [Line Items] | ||
Assets, Fair Value Disclosure, Recurring | $0 | $0 |
Fair_Value_Disclosures_Details1
Fair Value Disclosures (Details 1) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Balance at January 1 | $5,751 | $5,406 |
Total realized and unrealized gains (losses) included in income | -2,574 | 0 |
Total unrealized gains (losses) included in other comprehensive income | 3,758 | 361 |
Net purchases, sales, calls and maturities | -6,935 | -16 |
Net transfers in/out of Level 3 | 0 | 0 |
Balance at December 31 | $0 | $5,751 |
Fair_Value_Disclosures_Details2
Fair Value Disclosures (Details 2) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Impaired Loans Fair Value Disclosure Non Recurring | $35,670 | $60,471 |
Other Real Estate Owned Fair Value Disclosure Non Recurring | 5,615 | 9,628 |
Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Impaired Loans Fair Value Disclosure Non Recurring | 0 | 0 |
Other Real Estate Owned Fair Value Disclosure Non Recurring | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Impaired Loans Fair Value Disclosure Non Recurring | 0 | 0 |
Other Real Estate Owned Fair Value Disclosure Non Recurring | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Impaired Loans Fair Value Disclosure Non Recurring | 32,015 | 53,474 |
Other Real Estate Owned Fair Value Disclosure Non Recurring | $5,615 | $9,628 |