Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 14, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Entity Registrant Name | 'First Federal of Northern Michigan Bancorp, Inc. | ' |
Entity Central Index Key | '0001128227 | ' |
Trading Symbol | 'FFNM | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 2,884,049 |
Consolidated_Balance_Sheet
Consolidated Balance Sheet (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Cash and cash equivalents: | ' | ' |
Cash on hand and due from banks | $3,506,272 | $2,732,109 |
Overnight deposits with FHLB | 30,725 | 19,701 |
Total cash and cash equivalents | 3,536,997 | 2,751,810 |
Securities AFS | 50,280,668 | 50,763,551 |
Securities HTM | 2,305,000 | 2,345,000 |
Loans held for sale | 973,920 | 78,712 |
Loans receivable, net of allowance for loan losses of $1,793,258 and $1,749,915 as of September 30, 2013 and December 31, 2012, respectively | 138,005,242 | 138,911,989 |
Foreclosed real estate and other repossessed assets | 2,241,522 | 2,387,307 |
Federal Home Loan Bank stock, at cost | 3,266,100 | 3,266,100 |
Premises and equipment | 5,190,283 | 5,394,412 |
Accrued interest receivable | 953,288 | 970,450 |
Intangible assets | 69,378 | 158,316 |
Prepaid FDIC premiums | ' | 582,945 |
Deferred tax asset | 759,380 | 330,831 |
Originated mortgage servicing rights (net of valuation reserve) | 906,012 | 1,016,070 |
Bank owned life insurance | 4,575,291 | 4,474,563 |
Other assets | 812,188 | 402,090 |
Total assets | 213,875,269 | 213,834,146 |
Liabilities: | ' | ' |
Deposits | 158,054,264 | 158,350,134 |
Advances from borrowers for taxes and insurance | 216,038 | 132,823 |
Federal Home Loan Bank Advances | 25,015,573 | 26,357,962 |
REPO sweep accounts | 5,560,451 | 3,183,351 |
Accrued expenses and other liabilities | 1,179,461 | 1,375,092 |
Total liabilities | 190,025,787 | 189,399,362 |
Stockholders' equity: | ' | ' |
Common stock ($0.01 par value 20,000,000 shares authorized 3,191,799 shares issued and outstanding) at September 30, 2013 and December 31, 2012 | 31,918 | 31,918 |
Additional paid-in capital | 23,853,891 | 23,853,891 |
Retained earnings | 3,012,759 | 2,766,170 |
Treasury stock at cost (307,750 shares) at September 30, 2013 and December 31, 2012 | -2,963,918 | -2,963,918 |
Accumulated other comprehensive (loss) income | -85,168 | 746,723 |
Total stockholders' equity | 23,849,482 | 24,434,784 |
Total liabilities and stockholders' equity | $213,875,269 | $213,834,146 |
Consolidated_Balance_Sheet_Par
Consolidated Balance Sheet (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Consolidated Balance Sheet [Abstract] | ' | ' |
Allowance for loan losses | $1,793,258 | $1,749,915 |
Common stock, par value per share | $0.01 | $0.01 |
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, shares issued | 3,191,799 | 3,191,799 |
Common stock, shares outstanding | 3,191,799 | 3,191,799 |
Treasury stock, shares | 307,750 | 307,750 |
Consolidated_Statement_of_Inco
Consolidated Statement of Income (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Interest income: | ' | ' | ' | ' |
Interest and fees on loans | $1,786,663 | $1,995,749 | $5,429,925 | $6,047,447 |
Interest and dividends on investments | ' | ' | ' | ' |
Taxable | 121,899 | 136,100 | 361,219 | 423,308 |
Tax-exempt | 37,054 | 38,438 | 112,098 | 116,240 |
Interest on mortgage-backed securities | 119,852 | 142,309 | 342,018 | 486,153 |
Total interest income | 2,065,468 | 2,312,596 | 6,245,260 | 7,073,148 |
Interest expense: | ' | ' | ' | ' |
Interest on deposits | 201,046 | 249,442 | 631,586 | 793,620 |
Interest on borrowings | 73,553 | 144,584 | 249,017 | 491,872 |
Total interest expense | 274,599 | 394,026 | 880,603 | 1,285,492 |
Net interest income | 1,790,869 | 1,918,570 | 5,364,657 | 5,787,656 |
Provision for loan loss | 31,733 | 234,005 | 371,560 | 1,188,588 |
Net interest income after provision for loan losses | 1,759,136 | 1,684,565 | 4,993,097 | 4,599,068 |
Non-interest income: | ' | ' | ' | ' |
Service charges and other fees | 240,103 | 205,592 | 654,822 | 563,084 |
Mortgage banking activities | 155,869 | 441,445 | 487,993 | 876,090 |
Net loss on sale of premises and equipment, real estate owned and other repossessed assets | -11,462 | -10,691 | -10,712 | -80,796 |
Net gain on sale of investment securities | ' | 47,017 | ' | 47,017 |
Other | 74,468 | 119,519 | 231,831 | 234,961 |
Total non-interest income | 458,978 | 802,882 | 1,363,934 | 1,640,356 |
Non-interest expense: | ' | ' | ' | ' |
Compensation and employee benefits | 1,179,082 | 1,243,598 | 3,472,983 | 3,692,139 |
FDIC Insurance Premiums | 43,378 | 47,190 | 138,054 | 141,314 |
Advertising | 27,676 | 29,005 | 95,391 | 111,489 |
Occupancy | 237,924 | 239,900 | 689,578 | 719,148 |
Amortization of intangible assets | 29,646 | 29,646 | 88,938 | 146,893 |
Service bureau charges | 79,301 | 73,495 | 233,884 | 229,149 |
Professional services | 84,011 | 89,559 | 343,845 | 297,403 |
Collection activity and real estate owned expense | 42,840 | 41,165 | 106,603 | 156,434 |
Other | 311,798 | 283,738 | 941,166 | 1,026,775 |
Total non-interest expense | 2,035,656 | 2,077,296 | 6,110,442 | 6,520,744 |
Income (loss) before income tax benefit | 182,458 | 410,151 | 246,589 | -281,320 |
Income tax expense (benefit) | ' | 137,375 | ' | -884,822 |
Net income | 182,458 | 272,776 | 246,589 | 603,502 |
Other comprehensive income (loss): | ' | ' | ' | ' |
Net income | 182,458 | 272,776 | 246,589 | 603,502 |
Change in unrealized gain on available-for-sale securities, net of tax | -274,115 | -48,099 | -831,890 | 118,587 |
Comprehensive income (loss) | ($91,657) | $224,677 | ($585,301) | $722,089 |
Net income per share | ' | ' | ' | ' |
Basic | $0.06 | $0.09 | $0.09 | $0.21 |
Diluted | $0.06 | $0.09 | $0.09 | $0.21 |
Weighted average number of shares outstanding | ' | ' | ' | ' |
Basic | 2,884,049 | 2,884,049 | 2,884,049 | 2,884,049 |
Including dilutive stock options | ' | ' | ' | ' |
Dividends per common share | ' | ' | ' | ' |
Consolidated_Statement_of_Chan
Consolidated Statement of Changes in Stockholders' Equity (USD $) | Total | Common Stock [Member] | Treasury Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income [Member] |
Balance at Dec. 31, 2012 | $24,434,784 | $31,918 | ($2,963,918) | $23,853,891 | $2,766,170 | $746,723 |
Net income | 246,589 | ' | ' | ' | 246,589 | ' |
Change in unrealized gain on available-for-sale securities (net of tax of $428,550) | -831,891 | ' | ' | ' | ' | -831,891 |
Balance at Sep. 30, 2013 | $23,849,482 | $31,918 | ($2,963,918) | $23,853,891 | $3,012,759 | ($85,168) |
Consolidated_Statement_of_Chan1
Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Consolidated Statement of Changes in Stockholders' Equity [Abstract] | ' |
Change in unrealized gain on available-for-sale securities, tax | $428,550 |
Consolidated_Statement_of_Cash
Consolidated Statement of Cash Flows (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Cash Flows from Operating Activities: | ' | ' |
Net income | $246,589 | $603,502 |
Adjustments to reconcile net income to net cash from operating activities: | ' | ' |
Depreciation and amortization | 301,053 | 378,619 |
Provision for loan loss | 371,560 | 1,188,588 |
Amortization and accretion on securities | 439,662 | 371,770 |
Gain on sale of investment securities | ' | -47,017 |
Stock-based compensation | ' | 1,766 |
Gain on sale of loans held for sale | -207,229 | -393,692 |
Originations of loans held for sale | -12,443,497 | -26,174,538 |
Proceeds from sale of loans held for sale | 11,755,518 | 25,526,776 |
Loss on sale of fixed assets | -9,084 | 698 |
Loss on sale of real estate owned and other repossessed assets | 19,796 | 80,098 |
Net change in: | ' | ' |
Accrued interest receivable | 17,162 | 29,168 |
Other assets | -300,039 | -188,024 |
Prepaid FDIC insurance premiums | 582,945 | 131,569 |
Bank owned life insurance | -100,728 | -35,583 |
Deferred income tax (benefit) expense | ' | -807,808 |
Accrued expenses and other liabilities | -195,632 | -95,492 |
Net cash provided by operating activities | 478,076 | 570,400 |
Cash Flows from Investing Activities: | ' | ' |
Net (increase) decrease in loans | -678,131 | 47,965 |
Proceeds from maturity and sale of available-for-sale securities | 12,840,206 | 16,906,748 |
Proceeds from sale of property and equipment | 56,163 | 425 |
Purchase of securities | -14,017,425 | -16,446,962 |
Purchase of premises and equipment | -55,065 | -117,655 |
Proceeds from sale of real estate owned and other repossessed assets | 1,339,307 | 2,313,794 |
Net cash (used in) provided by investing activities | -514,945 | 2,704,315 |
Cash Flows from Financing Activities: | ' | ' |
Net (decrease) increase in deposits | -295,870 | 8,026,680 |
Net increase (decrease) in Repo Sweep accounts | 2,377,100 | -1,347,279 |
Net increase in advances from borrowers | 83,215 | 82,146 |
Advances from Federal Home Loan Bank and notes payable | 39,155,000 | 32,250,000 |
Repayments of Federal Home Loan Bank advances and notes payable | -40,497,389 | -41,750,000 |
Net cash provided by (used for) financing activities | 822,056 | -2,738,453 |
Net increase in cash and cash equivalents | 785,187 | 536,262 |
Cash and cash equivalents at beginning of period | 2,751,810 | 2,749,498 |
Cash and cash equivalents at end of period | 3,536,997 | 3,285,760 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid during the period for interest | 880,717 | 1,322,705 |
Cash paid during the period for: Income taxes | ' | ' |
Transfers of loans to foreclosed real estate and repossessed assets | $1,213,318 | $1,273,811 |
BASIS_OF_FINANCIAL_STATEMENT_P
BASIS OF FINANCIAL STATEMENT PRESENTATION | 9 Months Ended |
Sep. 30, 2013 | |
BASIS OF FINANCIAL STATEMENT PRESENTATION [Abstract] | ' |
BASIS OF FINANCIAL STATEMENT PRESENTATION | ' |
Note 1-BASIS OF FINANCIAL STATEMENT PRESENTATION | |
The accompanying unaudited condensed consolidated interim financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America and with the instructions to Form 10-Q. Accordingly, certain information and disclosures required by accounting principles generally accepted in the United States of America for complete financial statements are not included herein. The interim financial statements should be read in conjunction with the financial statements of First Federal of Northern Michigan Bancorp, Inc. and Subsidiaries and the notes thereto included in the Company's annual report on Form 10-K for the year ended December 31, 2012. | |
All adjustments, consisting only of normal recurring adjustments, which in the opinion of management are necessary for a fair presentation of financial position, results of operations and cash flows, have been made. The results of operations for the three and nine months ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013. |
PRINCIPLES_OF_CONSOLIDATION
PRINCIPLES OF CONSOLIDATION | 9 Months Ended |
Sep. 30, 2013 | |
PRINCIPLES OF CONSOLIDATION [Abstract] | ' |
PRINCIPLES OF CONSOLIDATION | ' |
Note 2- PRINCIPLES OF CONSOLIDATION | |
The consolidated financial statements include the accounts of First Federal of Northern Michigan Bancorp, Inc., First Federal of Northern Michigan (the "Bank"), and the Bank's wholly owned subsidiaries, Financial Services & Mortgage Corporation ("FSMC") and FFNM Agency. FSMC invests in real estate, which includes leasing, selling, developing, and maintaining real estate properties. The main activity of FFNM Agency is to collect the stream of income associated with the sale of the Blue Cross/Blue Shield override business to the Grotenhuis Group. All significant intercompany balances and transactions have been eliminated in the consolidation. |
SECURITIES
SECURITIES | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
SECURITIES [Abstract] | ' | ||||||||||||||||
SECURITIES | ' | ||||||||||||||||
Note 3-SECURITIES | |||||||||||||||||
Investment securities have been classified according to management's intent. The carrying value and estimated fair value of securities are as follows: | |||||||||||||||||
30-Sep-13 | |||||||||||||||||
Amortized | Gross | Gross | Market | ||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||
Gains | Losses | ||||||||||||||||
(dollars in thousands) | |||||||||||||||||
Securities Available for Sale | |||||||||||||||||
U.S. Government and agency obligations | $ | 7,130 | $ | 43 | $ | (98 | ) | 7,075 | |||||||||
Municipal obligations | 11,876 | 215 | (297 | ) | 11,794 | ||||||||||||
Corporate bonds & other obligations | 1,098 | 13 | - | 1,111 | |||||||||||||
Mortgage-backed securities | 30,304 | 340 | (346 | ) | 30,298 | ||||||||||||
Equity securities | 2 | 1 | - | 3 | |||||||||||||
Total | $ | 50,410 | $ | 612 | $ | (741 | ) | $ | 50,281 | ||||||||
Securities Held to Maturity | |||||||||||||||||
Municipal obligations | $ | 2,305 | $ | 145 | $ | - | $ | 2,450 | |||||||||
31-Dec-12 | |||||||||||||||||
Amortized | Gross | Gross | Market | ||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||
Gains | (Losses) | ||||||||||||||||
(in thousands) | |||||||||||||||||
Securities Available for Sale | |||||||||||||||||
U.S. Government and agency obligations | $ | 9,181 | $ | 66 | $ | - | $ | 9,247 | |||||||||
Municipal obligations | 10,413 | 368 | (23 | ) | 10,758 | ||||||||||||
Corporate bonds & other obligations | 1,135 | 15 | - | 1,150 | |||||||||||||
Mortgage-backed securities | 28,901 | 736 | (29 | ) | 29,608 | ||||||||||||
Equity securities | 3 | - | (2 | ) | 1 | ||||||||||||
Total | $ | 49,633 | $ | 1,185 | $ | (54 | ) | $ | 50,764 | ||||||||
Securities Held to Maturity | |||||||||||||||||
Municipal obligations | $ | 2,345 | $ | 225 | $ | - | $ | 2,570 | |||||||||
The amortized cost and estimated market value of securities at September 30, 2013, by contract 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. Securities with no specified maturity date are separately stated. | |||||||||||||||||
30-Sep-13 | |||||||||||||||||
Amortized | Market | ||||||||||||||||
Cost | Value | ||||||||||||||||
(dollars in thousands) | |||||||||||||||||
Available For Sale: | |||||||||||||||||
Due in one year or less | $ | 2,076 | $ | 2,086 | |||||||||||||
Due after one year through five years | 11,042 | 11,153 | |||||||||||||||
Due in five year through ten years | 6,740 | 6,451 | |||||||||||||||
Due after ten years | 246 | 290 | |||||||||||||||
Subtotal | 20,104 | 19,980 | |||||||||||||||
Equity securities | 2 | 3 | |||||||||||||||
Mortgage-backed securities | 30,304 | 30,298 | |||||||||||||||
Total | $ | 50,410 | $ | 50,281 | |||||||||||||
Held To Maturity: | |||||||||||||||||
Due in one year or less | $ | 90 | $ | 91 | |||||||||||||
Due after one year through five years | 1,615 | 1,695 | |||||||||||||||
Due in five year through ten years | 300 | 332 | |||||||||||||||
Due after ten years | 300 | 332 | |||||||||||||||
Total | $ | 2,305 | $ | 2,450 | |||||||||||||
At September 30, 2013 and December 31, 2012, securities with a carrying value and fair value of $37,820,000 and $44,135,000, respectively, were pledged to certain deposit accounts, FHLB advances and our line of credit at the Federal Reserve. | |||||||||||||||||
Gross proceeds from the sale of securities for the nine-months ended September 30, 2013 and 2012 were $0 and $1,553,000, respectively, resulting in gross gains of $0 and $54,000, respectively and gross losses of $0 and $7,000, respectively. | |||||||||||||||||
The following is a summary of temporarily impaired investments that have been impaired for less than and more than twelve months as of September 30, 2013 and December 31, 2012: | |||||||||||||||||
30-Sep-13 | |||||||||||||||||
Gross | Gross | ||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||
Losses | Losses | ||||||||||||||||
Fair Value | less than 12 | Fair Value | greater than 12 | ||||||||||||||
months | months | ||||||||||||||||
(dollars in thousands) | |||||||||||||||||
Available For Sale: | |||||||||||||||||
U.S. Government and agency obligations | $ | 901 | $ | (98 | ) | $ | - | $ | - | ||||||||
Municipal obligations | 6,773 | (274 | ) | 953 | (23 | ) | |||||||||||
Mortgage-backed securities | 13,131 | (282 | ) | 2,175 | (64 | ) | |||||||||||
Equity securities | - | - | - | - | |||||||||||||
Total | $ | 20,805 | $ | (654 | ) | $ | 3,128 | $ | (87 | ) | |||||||
Held to Maturity: | |||||||||||||||||
Municipal obligations | $ | - | $ | - | $ | - | $ | - | |||||||||
31-Dec-12 | |||||||||||||||||
Gross | Gross | ||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||
Losses | Losses | ||||||||||||||||
Fair Value | less than 12 | Fair Value | greater than 12 | ||||||||||||||
months | months | ||||||||||||||||
(in thousands) | |||||||||||||||||
Available For Sale: | |||||||||||||||||
U.S. Government and agency obligations | $ | - | $ | - | $ | - | $ | - | |||||||||
Municipal obligations | 1,537 | (23 | ) | - | - | ||||||||||||
Mortgage-backed securities | 2,725 | (13 | ) | 1,687 | (16 | ) | |||||||||||
Equity securities | - | - | 1 | (2 | ) | ||||||||||||
Total | $ | 4,262 | $ | (36 | ) | $ | 1,688 | $ | (18 | ) | |||||||
Held to Maturity: | |||||||||||||||||
Municipal obligations | $ | - | $ | - | $ | - | $ | - | |||||||||
As of September 30, 2013, there were 5 securities with an estimated fair value of $3,128,000 and unrealized losses of $87,000 in a continuous unrealized loss position for more than twelve months compared to 2 securities with an estimated fair value of $1,688,000 and unrealized losses of $18,000 at December 31, 2012. The Company had 26 securities with an estimated fair value of $20,805,000 and unrealized losses of $654,000 in a continuous unrealized loss position for less than twelve months compared to 7 securities with an estimated fair value of $4,262,000 and unrealized loss of $36,000 at December 31, 2012. | |||||||||||||||||
The unrealized losses on the securities held in the portfolio are not considered other than temporary and have not been recognized into income. This decision is based on the Company's ability and intent to hold any potentially impaired security until maturity. The performance of the security is based on the contractual terms of the agreement, the extent of the impairment and the financial condition and credit quality of the issuer. The decline in market value is considered temporary and a result of changes in interest rates and other market variables. |
LOANS
LOANS | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
LOANS [Abstract] | ' | ||||||||||||||||||||||||||||||||
LOANS | ' | ||||||||||||||||||||||||||||||||
Note 4-LOANS | |||||||||||||||||||||||||||||||||
The following table sets forth the composition of our loan portfolio by loan type at the dates indicated. | |||||||||||||||||||||||||||||||||
At September 30, | At December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
Residential mortgage | $ | 64,244 | $ | 66,539 | |||||||||||||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||||||||||
Secured by real estate | 53,022 | 54,673 | |||||||||||||||||||||||||||||||
Other | 12,429 | 8,102 | |||||||||||||||||||||||||||||||
Total commercial loans | 65,451 | 62,775 | |||||||||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||||||
Secured by real estate | 9,286 | 10,409 | |||||||||||||||||||||||||||||||
Other | 1,117 | 1,259 | |||||||||||||||||||||||||||||||
Total consumer loans | 10,403 | 11,668 | |||||||||||||||||||||||||||||||
Total gross loans | $ | 140,098 | $ | 140,982 | |||||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||||||
Net deferred loan fees | (300 | ) | (320 | ) | |||||||||||||||||||||||||||||
Allowance for loan losses | (1,793 | ) | (1,750 | ) | |||||||||||||||||||||||||||||
Total loans, net | $ | 138,005 | $ | 138,912 | |||||||||||||||||||||||||||||
The following table illustrates the contractual aging of the recorded investment in past due loans by class of loans as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
Contractual Aging of Recorded Balance in Past Due Loans by Class of Loan | |||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||||||
Greater than | Investment greater than 90 | ||||||||||||||||||||||||||||||||
30 - 59 Days | 60 - 89 Days | 90 Days | Total | Total Loans | Days and | ||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Current | Receivables | Accruing | |||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Commercial Real Estate: | |||||||||||||||||||||||||||||||||
Commercial Real Estate - construction | $ | - | $ | - | $ | 173 | $ | 173 | $ | - | $ | 173 | $ | - | |||||||||||||||||||
Commercial Real Estate - other | 39 | 1,305 | 2,151 | 3,495 | 49,354 | 52,849 | - | ||||||||||||||||||||||||||
Commercial - non real estate | 66 | 27 | - | 93 | 12,336 | 12,429 | - | ||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||
Consumer - Real Estate | 121 | 13 | - | 134 | 9,152 | 9,286 | - | ||||||||||||||||||||||||||
Consumer - Other | - | - | - | - | 1,117 | 1,117 | - | ||||||||||||||||||||||||||
Residential: | |||||||||||||||||||||||||||||||||
Residential | 1,631 | 552 | 759 | 2,942 | 61,302 | 64,244 | 85 | ||||||||||||||||||||||||||
Total | $ | 1,857 | $ | 1,897 | $ | 3,083 | $ | 6,837 | $ | 133,261 | $ | 140,098 | $ | 85 | |||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||||||
Greater than | Investment greater than 90 | ||||||||||||||||||||||||||||||||
30 - 59 Days | 60 - 89 Days | 90 Days | Total | Total Loans | Days and | ||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Current | Receivables | Accruing | |||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Commercial Real Estate: | |||||||||||||||||||||||||||||||||
Commercial Real Estate - construction | $ | - | $ | - | $ | 173 | $ | 173 | $ | 2,073 | $ | 2,246 | $ | - | |||||||||||||||||||
Commercial Real Estate - other | 3,210 | 540 | 282 | 4,032 | 48,395 | 52,427 | - | ||||||||||||||||||||||||||
Commercial - non real estate | 113 | - | - | 113 | 7,989 | 8,102 | - | ||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||
Consumer - Real Estate | 59 | - | 13 | 72 | 10,337 | 10,409 | - | ||||||||||||||||||||||||||
Consumer - Other | 11 | 5 | 6 | 22 | 1,237 | 1,259 | 6 | ||||||||||||||||||||||||||
Residential: | |||||||||||||||||||||||||||||||||
Residential | 2,047 | 796 | 1,198 | 4,041 | 62,498 | 66,539 | 61 | ||||||||||||||||||||||||||
Total | $ | 5,440 | $ | 1,341 | $ | 1,672 | $ | 8,453 | $ | 132,529 | $ | 140,982 | $ | 67 | |||||||||||||||||||
The Bank uses an eight tier risk rating system to grade its commercial loans. The grade of a loan may change during the life of the loans. The risk ratings are described as follows: | |||||||||||||||||||||||||||||||||
Risk Grade 1 (Excellent) - Prime loans based on liquid collateral, with adequate margin or supported by strong financial statements. Probability of serious financial deterioration is unlikely. High liquidity, minimum risk, strong ratios, and low handling costs are common to these loans. This classification also includes all loans secured by certificates of deposit or cash equivalents. | |||||||||||||||||||||||||||||||||
Risk Grade 2 (Good) - Desirable loans of somewhat less stature than Grade 1, but with strong financial statements. Probability of serious financial deterioration is unlikely. These loans possess a sound repayment source (and/or a secondary source). These loans represent less than the normal degree of risk associated with the type of financing contemplated. | |||||||||||||||||||||||||||||||||
Risk Grade 3 (Satisfactory) - Satisfactory loans of average risk - may have some minor deficiency or vulnerability to changing economic conditions, but still fully collectible. There may be some minor weakness but with offsetting features or other support readily available. These loans present a normal degree of risk associated with the type of financing. Actual and projected indicators and market conditions provide satisfactory assurance that the credit shall perform in accordance with agreed terms. | |||||||||||||||||||||||||||||||||
Risk Grade 4 (Acceptable) - Loans considered satisfactory, but which are of slightly "below average" credit risk due to financial weaknesses or uncertainty. The loans warrant a somewhat higher than average level of monitoring to insure that weaknesses do not advance. The level of risk is considered acceptable and within normal underwriting guidelines, so long as the loan is given the proper level of management supervision. | |||||||||||||||||||||||||||||||||
Risk Grade 4.5 (Monitored) - Loans are considered "below average" and monitored more closely due to some credit deficiency that poses additional risk but is not considered adverse to the point of being a "classified" credit. Possible reasons for additional monitoring may include characteristics such as temporary negative debt service coverage due to weak economic conditions; borrower may have experienced recent losses from operations, declining equity and/or increasing leverage, or marginal liquidity that may affect long-term sustainability. Loans of this grade have a higher degree of risk and warrant close monitoring to insure against further deterioration. In any tables presented subsequently, Risk Grade 4.5 credits are included with Risk Grade 4 credits. | |||||||||||||||||||||||||||||||||
Risk Grade 5 (Other Assets Especially Mentioned) (OAEM) - Loans which possess some credit deficiency or potential weakness, which deserve close attention, but which do not yet warrant substandard classification. Such loans pose unwarranted financial risk that, if not corrected, could weaken the loan and increase risk in the future. | |||||||||||||||||||||||||||||||||
Risk Grade 6 (Substandard) - Loans are "substandard" whose full, final collectability does not appear to be a matter of serious doubt, but which nevertheless portray some form of well defined weakness that requires close supervision by Bank management. The noted weaknesses involve more than normal banking risk. One or more of the following characteristics may be exhibited in loans classified Substandard: (1) Loans possess a defined credit weakness and the likelihood that the loan shall be paid from the primary source of repayment is uncertain; (2) Loans are not adequately protected by the current net worth and/or paying capacity of the obligor; (3) primary source of repayment is gone, and the Bank is forced to rely on a secondary source of repayment such as collateral liquidation or guarantees; (4) distinct possibility that the Bank shall sustain some loss if deficiencies are not corrected; (5) unusual courses of action are needed to maintain a high probability of repayment; (6) the borrower is not generating enough cash flow to repay loan principal, however, continues to make interest payments; (7) the Bank is forced into a subordinated or unsecured position due to flaws in documentation; (8) loans have been restructured so that payment schedules, terms, and collateral represent concessions to the borrower when compared to normal loan terms; (9) the Bank is contemplating foreclosure or legal action due to the apparent deterioration in the loan; or (10) there is a significant deterioration in the market conditions and the borrower is highly vulnerable to these conditions. | |||||||||||||||||||||||||||||||||
Grade 7 (Doubtful) - Loans have all the weaknesses of those classified Substandard. Additionally, however, these weaknesses make collection or liquidation in full, based on existing conditions, improbable. Loans in this category are typically not performing in conformance with established terms and conditions. Full repayment is considered "Doubtful", but extent of loss is not currently determinable. | |||||||||||||||||||||||||||||||||
Risk Grade 8 (Loss) - Loans are considered uncollectible and of such little value, that continuing to carry them as an asset on the Bank's financial statements is not feasible. | |||||||||||||||||||||||||||||||||
The following table presents the risk category of loans by class of loans based on the most recent analysis performed as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial Real Estate | Commercial Real Estate | ||||||||||||||||||||||||||||||||
Loan Grade | Construction | Other | Commercial | ||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
2-Jan | $ | - | $ | - | $ | - | |||||||||||||||||||||||||||
3 | - | 15,822 | 5,954 | ||||||||||||||||||||||||||||||
4 | - | 27,878 | 6,179 | ||||||||||||||||||||||||||||||
5 | - | 5,468 | 106 | ||||||||||||||||||||||||||||||
6 | 173 | 3,681 | 190 | ||||||||||||||||||||||||||||||
7 | - | - | - | ||||||||||||||||||||||||||||||
8 | - | - | - | ||||||||||||||||||||||||||||||
Total | $ | 173 | $ | 52,849 | $ | 12,429 | |||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Commercial Real Estate | Commercial Real Estate | ||||||||||||||||||||||||||||||||
Loan Grade | Construction | Other | Commercial | ||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
2-Jan | $ | - | $ | - | $ | - | |||||||||||||||||||||||||||
3 | 615 | 13,895 | 2,376 | ||||||||||||||||||||||||||||||
4 | 1,458 | 27,488 | 5,489 | ||||||||||||||||||||||||||||||
5 | - | 2,712 | 37 | ||||||||||||||||||||||||||||||
6 | 173 | 8,332 | 200 | ||||||||||||||||||||||||||||||
7 | - | - | - | ||||||||||||||||||||||||||||||
8 | - | - | - | ||||||||||||||||||||||||||||||
Total | $ | 2,246 | $ | 52,427 | $ | 8,102 | |||||||||||||||||||||||||||
For residential real estate and other consumer credit the Company also evaluates credit quality based on the aging status of the loan and by payment activity. Loans 60 or more days past due are monitored by the collection committee. | |||||||||||||||||||||||||||||||||
The following tables present the risk category of loans by class based on the most recent analysis performed as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Residential | |||||||||||||||||||||||||||||||||
Loan Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 63,089 | |||||||||||||||||||||||||||||||
Special Mention | - | ||||||||||||||||||||||||||||||||
Substandard | 1,155 | ||||||||||||||||||||||||||||||||
Total | $ | 64,244 | |||||||||||||||||||||||||||||||
Consumer - | |||||||||||||||||||||||||||||||||
Real Estate | Consumer - Other | ||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Performing | $ | 9,279 | $ | 1,117 | |||||||||||||||||||||||||||||
Nonperforming | 7 | - | |||||||||||||||||||||||||||||||
Total | $ | 9,286 | $ | 1,117 | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Residential | |||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Loan Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 64,668 | |||||||||||||||||||||||||||||||
Special Mention | - | ||||||||||||||||||||||||||||||||
Substandard | 1,871 | ||||||||||||||||||||||||||||||||
Total | $ | 66,539 | |||||||||||||||||||||||||||||||
Consumer - | |||||||||||||||||||||||||||||||||
Real Estate | Consumer - Other | ||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Performing | $ | 10,381 | $ | 1,253 | |||||||||||||||||||||||||||||
Nonperforming | 28 | 6 | |||||||||||||||||||||||||||||||
Total | $ | 10,409 | $ | 1,259 | |||||||||||||||||||||||||||||
The following table presents the recorded investment in non-accrual loans by class as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
As of | |||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Commercial Real Estate: | |||||||||||||||||||||||||||||||||
Commercial Real Estate - construction | $ | 173 | $ | 173 | |||||||||||||||||||||||||||||
Commercial Real Estate - other | 2,151 | 2,851 | |||||||||||||||||||||||||||||||
Commercial | - | - | |||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||
Consumer - real estate | 7 | 28 | |||||||||||||||||||||||||||||||
Consumer - other | - | 1 | |||||||||||||||||||||||||||||||
Residential: | |||||||||||||||||||||||||||||||||
Residential | 1,071 | 1,810 | |||||||||||||||||||||||||||||||
Total | $ | 3,402 | $ | 4,863 | |||||||||||||||||||||||||||||
The key features of the Company's loan modifications are determined on a loan-by-loan basis. Generally, our restructurings have related to interest rate reductions and loan term extensions. In the past the Company has granted reductions in interest rates, payment extensions and short-term payment forbearances as a means to maximize collectability of troubled credits. The Company has not forgiven principal to date, although this would be considered if necessary to ensure the long-term collectability of the loan. The Company's loan modifications are typically short-term in nature, although the Company would consider a long-term modification to ensure the long-term collectability of the credit. At a minimum, a borrower must make at least six consecutive timely payments before the Company would consider a return of a restructured loan to accruing status in accordance with Federal Deposit Insurance Corporation guidelines regarding restoration of credits to accrual status. | |||||||||||||||||||||||||||||||||
The Bank has classified approximately $2.4 million of its impaired loans as troubled debt restructurings as of September 30, 2013. There were no commitments to extend credit to borrowers with loans classified as troubled debt restructurings as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||||||
For the three months ended September 30, 2013 the Company did not have any new troubled debt restructurings or troubled debt restructurings that subsequently defaulted. | |||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | Troubled Debt Restructurings that Subsequently | ||||||||||||||||||||||||||||||||
Defaulted | |||||||||||||||||||||||||||||||||
For the three months ended September 30, 2012 | For the three months ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Number of | Pre-modification | Post-modification | Number of Loans | Recorded Investment | |||||||||||||||||||||||||||||
Loans | outstanding recorded | outstanding recorded | |||||||||||||||||||||||||||||||
investment | investment | ||||||||||||||||||||||||||||||||
(dollars in thousands) | (dollars in thousands) | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||
Commercial Real Estate - Construction | - | $ | - | $ | - | - | $ | - | |||||||||||||||||||||||||
Commercial Real Estate - Other | - | - | - | - | - | ||||||||||||||||||||||||||||
Commercial - non real estate | 2 | 1,914 | 1,454 | - | - | ||||||||||||||||||||||||||||
Residential | - | - | - | - | - | ||||||||||||||||||||||||||||
Total | 2 | $ | 1,914 | $ | 1,454 | - | $ | - | |||||||||||||||||||||||||
Troubled Debt Restructurings | Troubled Debt Restructurings that Subsequently | ||||||||||||||||||||||||||||||||
Defaulted | |||||||||||||||||||||||||||||||||
For the nine months ended September 30, 2013 | For the nine months ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Number of | Pre-modification | Post-modification | Number of Loans | Recorded Investment | |||||||||||||||||||||||||||||
Loans | outstanding recorded | outstanding recorded | |||||||||||||||||||||||||||||||
investment | investment | ||||||||||||||||||||||||||||||||
(dollars in thousands) | (dollars in thousands) | ||||||||||||||||||||||||||||||||
Commerical Real Estate - Construction | - | $ | - | $ | - | - | $ | - | |||||||||||||||||||||||||
Commercial Real Estate - Other | 2 | 2,442 | 2,434 | - | - | ||||||||||||||||||||||||||||
Consumer - Real Estate | - | - | - | - | - | ||||||||||||||||||||||||||||
Residential | 2 | 331 | 268 | 1 | 190 | ||||||||||||||||||||||||||||
Total | 4 | $ | 2,773 | $ | 2,702 | 1 | $ | 190 | |||||||||||||||||||||||||
Troubled Debt Restructurings | Troubled Debt Restructurings that Subsequently | ||||||||||||||||||||||||||||||||
Defaulted | |||||||||||||||||||||||||||||||||
For the nine months ended September 30, 2012 | For the nine months ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Number of | Pre-modification | Post-modification | Number of Loans | Recorded Investment | |||||||||||||||||||||||||||||
Loans | outstanding recorded | outstanding recorded | |||||||||||||||||||||||||||||||
investment | investment | ||||||||||||||||||||||||||||||||
(dollars in thousands) | (dollars in thousands) | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||
Commercial Real Estate - Construction | - | $ | - | $ | - | - | $ | - | |||||||||||||||||||||||||
Commercial Real Estate - Other | - | - | - | 1 | 63 | ||||||||||||||||||||||||||||
Commercial - non real estate | 4 | 3,542 | 3,052 | - | - | ||||||||||||||||||||||||||||
Residential | - | - | - | - | - | ||||||||||||||||||||||||||||
Total | 4 | $ | 3,542 | $ | 3,052 | 1 | $ | 63 | |||||||||||||||||||||||||
For the majority of the Bank's impaired loans, the Bank will apply the observable market price methodology. However, the Bank may also utilize a measurement incorporating the present value of expected future cash flows discounted at the loan's effective rate of interest. To determine observable market price, collateral asset values securing an impaired loan are periodically evaluated. Maximum time of re-evaluation is every 12 months. In this process, third party evaluations are obtained and heavily relied upon. Until such time that updated evaluations are received, the Bank may discount the collateral value used. | |||||||||||||||||||||||||||||||||
The Bank uses the following guidelines, as stated in policy, to determine when to realize a charge-off, whether a partial or full loan balance. A charge down in whole or in part is realized when unsecured consumer loans, credit card credits and overdraft lines of credit reach 90 days delinquency. At 120 days delinquency, secured consumer loans are charged down to the value of collateral, if repossession of the collateral is assured and/or in the process of repossession. Consumer mortgage loan deficiencies are charged down upon the sale of the collateral or sooner upon the recognition of collateral deficiency. Commercial credits are charged down at 90 days delinquency, unless an established and approved work-out plan is in place or litigation of the credit will likely result in recovery of the loan balance. Upon notification of bankruptcy, unsecured debt is charged off. Additional charge-offs may be realized as further unsecured positions are recognized. | |||||||||||||||||||||||||||||||||
The following tables present loans individually evaluated for impairment by class of loans as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
For the Three Months Ended | For the Nine Months Ended | ||||||||||||||||||||||||||||||||
Impaired Loans | September 30, | September 30, | |||||||||||||||||||||||||||||||
As of September 30, 2013 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Unpaid Principal | Recorded | Related | Average | Interest | Average | Interest | |||||||||||||||||||||||||||
Balance | Investment | Allowance | Recorded | Income | Recorded | Income | |||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||||||
(dollars in thousands) | (dollars in thousands) | (dollars in thousands) | |||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Commercial Real Estate - Construction | 1,589 | 173 | - | 173 | - | 173 | - | ||||||||||||||||||||||||||
Commercial Real Estate - Other | 4,064 | 4,064 | - | 4,189 | 56 | 4,065 | 148 | ||||||||||||||||||||||||||
Consumer - Real Estate | 8 | 7 | - | 9 | - | 7 | - | ||||||||||||||||||||||||||
Consumer - Other | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Residential | 1,595 | 1,169 | - | 1,296 | - | 1,170 | - | ||||||||||||||||||||||||||
With a specific allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Commercial Real Estate - Construction | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Commercial Real Estate - Other | 2,030 | 2,030 | 510 | 2,030 | - | 2,030 | - | ||||||||||||||||||||||||||
Consumer - Real Estate | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Consumer - Other | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Residential | 73 | 64 | 21 | 64 | - | 64 | - | ||||||||||||||||||||||||||
Totals: | |||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Commercial Real Estate - Construction | $ | 1,589 | $ | 173 | $ | - | $ | 173 | $ | - | $ | 173 | $ | - | |||||||||||||||||||
Commercial Real Estate - Other | $ | 6,094 | $ | 6,094 | $ | 510 | $ | 6,219 | $ | 56 | $ | 6,095 | $ | 148 | |||||||||||||||||||
Consumer - Real Estate | $ | 8 | $ | 7 | $ | - | $ | 9 | $ | - | $ | 7 | $ | - | |||||||||||||||||||
Consumer - Other | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Residential | $ | 1,668 | $ | 1,233 | $ | 21 | $ | 1,360 | $ | - | $ | 1,234 | $ | - | |||||||||||||||||||
For the Three Months Ended | For the Nine Months Ended | ||||||||||||||||||||||||||||||||
Impaired Loans | September 30, | September 30, | |||||||||||||||||||||||||||||||
As of December 31, 2012 | 2012 | 2012 | |||||||||||||||||||||||||||||||
Unpaid Principal | Recorded | Related | Average | Interest | Average | Interest | |||||||||||||||||||||||||||
Balance | Investment | Allowance | Recorded | Income | Recorded | Income | |||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||||||
(dollars in thousands) | (dollars in thousands) | (dollars in thousands) | |||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Commercial Real Estate - Construction | 1,589 | 173 | - | 173 | - | 173 | - | ||||||||||||||||||||||||||
Commercial Real Estate - Other | 4,869 | 4,535 | - | 3,206 | 35 | 3,309 | 107 | ||||||||||||||||||||||||||
Consumer - Real Estate | 33 | 28 | - | 29 | - | 31 | - | ||||||||||||||||||||||||||
Consumer - Other | 1 | 1 | - | 3 | - | 4 | - | ||||||||||||||||||||||||||
Residential | 1,365 | 1,194 | - | 1,657 | - | 1,666 | - | ||||||||||||||||||||||||||
With a specific allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Commercial Real Estate - Construction | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Commercial Real Estate - Other | 2,138 | 2,127 | 101 | 2,167 | 20 | 2,175 | 61 | ||||||||||||||||||||||||||
Consumer - Real Estate | - | - | - | 96 | - | 96 | - | ||||||||||||||||||||||||||
Consumer - Other | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Residential | 616 | 616 | 141 | 45 | - | 45 | - | ||||||||||||||||||||||||||
Totals: | |||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Commercial Real Estate - Construction | $ | 1,589 | $ | 173 | $ | - | $ | 173 | $ | - | $ | 173 | $ | - | |||||||||||||||||||
Commercial Real Estate - Other | $ | 7,007 | $ | 6,662 | $ | 101 | $ | 5,373 | $ | 55 | $ | 5,484 | $ | 168 | |||||||||||||||||||
Consumer - Real Estate | $ | 33 | $ | 28 | $ | - | $ | 125 | $ | - | $ | 127 | $ | - | |||||||||||||||||||
Consumer - Other | $ | 1 | $ | 1 | $ | - | $ | 3 | $ | - | $ | 4 | $ | - | |||||||||||||||||||
Residential | $ | 1,981 | $ | 1,810 | $ | 141 | $ | 1,702 | $ | - | $ | 1,711 | $ | - | |||||||||||||||||||
The ALLL has a direct impact on the provision expense. An increase in the ALLL is funded through recoveries and provision expense. | |||||||||||||||||||||||||||||||||
Activity in the allowance for loan and lease losses was as follows for the quarter and year ended September 30, 2013 and September 30, 2012, respectively: | |||||||||||||||||||||||||||||||||
Allowance for Credit Losses and Recorded Investment in Financing Receivables | |||||||||||||||||||||||||||||||||
For the Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | |||||||||||||||||||||||||||||||
Construction | Real Estate | Commercial | Real Estate | Consumer | Residential | Unallocated | Total | ||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||||||||||
Beginning Balance | $ | - | $ | 673 | $ | 79 | $ | 75 | $ | 25 | $ | 839 | $ | - | $ | 1,691 | |||||||||||||||||
Charge-offs | - | - | - | (33 | ) | (1 | ) | (29 | ) | - | (63 | ) | |||||||||||||||||||||
Recoveries | - | 46 | - | 2 | - | 85 | - | 133 | |||||||||||||||||||||||||
Provision | - | 87 | (9 | ) | 24 | (4 | ) | (66 | ) | - | 32 | ||||||||||||||||||||||
Ending Balance | $ | - | $ | 806 | $ | 70 | $ | 68 | $ | 20 | $ | 829 | $ | - | $ | 1,793 | |||||||||||||||||
For the Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | |||||||||||||||||||||||||||||||
Construction | Real Estate | Commercial | Real Estate | Consumer | Residential | Unallocated | Total | ||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||||||||||
Beginning Balance | $ | 64 | $ | 579 | $ | 69 | $ | 99 | $ | 33 | $ | 906 | $ | - | $ | 1,750 | |||||||||||||||||
Charge-offs | - | (85 | ) | - | (40 | ) | (13 | ) | (397 | ) | - | (535 | ) | ||||||||||||||||||||
Recoveries | - | 57 | - | 34 | 5 | 110 | - | 206 | |||||||||||||||||||||||||
Provision | (64 | ) | 255 | 1 | (25 | ) | (5 | ) | 210 | - | 372 | ||||||||||||||||||||||
Ending Balance | $ | - | $ | 806 | $ | 70 | $ | 68 | $ | 20 | $ | 829 | $ | - | $ | 1,793 | |||||||||||||||||
Loan Balances Individually Evaluated for Impairment | |||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | |||||||||||||||||||||||||||||||
Construction | Real Estate | Commercial | Real Estate | Consumer | Residential | Unallocated | Total | ||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | - | $ | 510 | $ | - | $ | - | $ | - | $ | 21 | $ | - | $ | 531 | |||||||||||||||||
Ending balance: loans collectively evaluated for impairment | $ | - | $ | 296 | $ | 70 | $ | 68 | $ | 20 | $ | 808 | $ | - | $ | 1,262 | |||||||||||||||||
Ending balance: loans acquired with deteriorated credit quality | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||
Financing Receivables: | |||||||||||||||||||||||||||||||||
Ending Balance | $ | 173 | $ | 52,849 | $ | 12,429 | $ | 9,286 | $ | 1,117 | $ | 64,244 | $ | - | $ | 140,098 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 173 | $ | 6,094 | $ | - | $ | 7 | $ | - | $ | 1,233 | $ | - | $ | 7,507 | |||||||||||||||||
Ending balance: loans collectively evaluated for impairment | $ | - | $ | 46,755 | $ | 12,429 | $ | 9,279 | $ | 1,117 | $ | 63,011 | $ | - | $ | 132,591 | |||||||||||||||||
Ending balance: loans acquired with deteriorated credit quality | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||
For the Three Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | |||||||||||||||||||||||||||||||
Construction | Real Estate | Commercial | Real Estate | Consumer | Residential | Unallocated | Total | ||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||||||||||
Beginning Balance | $ | - | $ | 770 | $ | 40 | $ | 140 | $ | 15 | $ | 808 | $ | - | $ | 1,773 | |||||||||||||||||
Charge-offs | - | (138 | ) | - | (17 | ) | (20 | ) | (166 | ) | - | (341 | ) | ||||||||||||||||||||
Recoveries | - | 2 | - | 6 | 3 | 7 | - | 18 | |||||||||||||||||||||||||
Provision | 35 | (13 | ) | 36 | 1 | 36 | 139 | - | 234 | ||||||||||||||||||||||||
Ending Balance | $ | 35 | $ | 621 | $ | 76 | $ | 130 | $ | 34 | $ | 788 | $ | - | $ | 1,684 | |||||||||||||||||
For the Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | |||||||||||||||||||||||||||||||
Construction | Real Estate | Commercial | Real Estate | Consumer | Residential | Unallocated | Total | ||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||||||||||
Beginning Balance | $ | 10 | $ | 393 | $ | 53 | $ | 146 | $ | 46 | $ | 870 | $ | - | $ | 1,518 | |||||||||||||||||
Charge-offs | - | (265 | ) | - | (54 | ) | (29 | ) | (724 | ) | - | (1,072 | ) | ||||||||||||||||||||
Recoveries | - | 10 | - | 14 | 8 | 17 | - | 49 | |||||||||||||||||||||||||
Provision | 25 | 483 | 23 | 24 | 9 | 625 | - | 1,189 | |||||||||||||||||||||||||
Ending Balance | $ | 35 | $ | 621 | $ | 76 | $ | 130 | $ | 34 | $ | 788 | $ | - | $ | 1,684 | |||||||||||||||||
Loan Balances Individually Evaluated for Impairment | |||||||||||||||||||||||||||||||||
As of September 30, 2012 | |||||||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | |||||||||||||||||||||||||||||||
Construction | Real Estate | Commercial | Real Estate | Consumer | Residential | Unallocated | Total | ||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | - | $ | 175 | $ | - | $ | - | $ | 21 | $ | 5 | $ | - | $ | 201 | |||||||||||||||||
Ending balance: loans collectively evaluated for impairment | $ | 35 | $ | 446 | $ | 76 | $ | 130 | $ | 13 | $ | 783 | $ | - | $ | 1,483 | |||||||||||||||||
Ending balance: loans acquired with deteriorated credit quality | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||
Financing Receivables: | |||||||||||||||||||||||||||||||||
Ending Balance | $ | 487 | $ | 53,081 | $ | 8,414 | $ | 11,561 | $ | 1,276 | $ | 65,552 | $ | - | $ | 140,371 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 173 | $ | 2,573 | $ | - | $ | 174 | $ | 1 | $ | 1,556 | $ | - | $ | 4,477 | |||||||||||||||||
Ending balance: loans collectively | |||||||||||||||||||||||||||||||||
evaluated for impairment | $ | 314 | $ | 50,508 | $ | 8,414 | $ | 11,387 | $ | 1,275 | $ | 63,996 | $ | - | $ | 135,894 | |||||||||||||||||
Ending balance: loans acquired with deteriorated credit quality | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - |
DIVIDENDS
DIVIDENDS | 9 Months Ended |
Sep. 30, 2013 | |
DIVIDENDS [Abstract] | ' |
DIVIDENDS | ' |
Note 5-DIVIDENDS | |
We are dependent primarily upon the Bank for our earnings and funds to pay dividends on common stock. The payment of dividends also is subject to legal and regulatory restrictions. Any payment of dividends in the future will depend, in large part, on the Bank's earnings, capital requirements, financial condition and other factors considered by the Board of Directors. |
STOCKBASED_COMPENSATION
STOCK-BASED COMPENSATION | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
STOCK-BASED COMPENSATION [Abstract] | ' | ||||||||||||||||
STOCK-BASED COMPENSATION | ' | ||||||||||||||||
Note 6 - STOCK-BASED COMPENSATION | |||||||||||||||||
Effective January 1, 2006, the Company adopted FASB ASC 718-10, "Shareholder Based Payments", which requires that the grant-date fair value of awarded stock options be expensed over the requisite service period. The Company's 1996 Stock Option Plan (the "1996 Plan"), which was approved by shareholders, permits the grant of options to purchase shares of common stock to its employees and directors for up to 127,491 shares of common stock (retroactively adjusted for the exchange ratio applied in the Company's 2005 stock offering and related second-step conversion). The Company's 2006 Stock-Based Incentive Plan (the "2006 Plan"), which was approved by shareholders, permits the award of up to 242,740 shares of common stock of which the maximum number to be granted as stock options is 173,386 and the maximum to be granted as restricted stock awards is 69,354. Option awards are granted with an exercise price equal to the market price of the Company's stock at the date of grant. These option awards generally vest based on five years of continual service and have ten-year contractual terms. Certain options provide for accelerated vesting if there is a change in control (as defined in the Plans). | |||||||||||||||||
During the three and nine months ended September 30, 2013 the Company awarded no shares under the either the 2006 or the 1996 Stock-Based Incentive Plan. Shares issued under the 2006 Plan and exercised pursuant to the exercise of stock options may be either authorized but unissued shares or reacquired shares held by the Company as treasury stock. | |||||||||||||||||
Stock Options - A summary of option activity under the Plan during the nine months ended September 30, 2013 is presented below: | |||||||||||||||||
Weighted-Average | |||||||||||||||||
Weighted- | Remaining | ||||||||||||||||
Average | Contractual Term | Aggregate | |||||||||||||||
Options | Shares | Exercise Price | (Years) | Intrinsic Value | |||||||||||||
Outstanding at January 1, 2013 | 167,620 | $ | 9.53 | 3.4 | $ | - | |||||||||||
Granted | - | N/A | |||||||||||||||
Exercised | - | N/A | |||||||||||||||
Forfeited or expired | (4,900 | ) | $ | 9.54 | |||||||||||||
Oustanding at September 30, 2013 | 162,720 | $ | 9.53 | 2.6 | $ | - | |||||||||||
Options Exercisable at September 30, 2013 | 162,720 | $ | 9.53 | 2.6 | $ | - | |||||||||||
The aggregate intrinsic value of outstanding options shown in the table above represents the total pretax intrinsic value (i.e. the difference between the Company's closing stock price of $4.43 on September 30, 2013 and the exercise price times the number of shares) that would have been received by the option holder had all option holders exercised their options on September 30, 2013. This amount changes based on the fair market value of the stock. | |||||||||||||||||
As of September 30, 2013 the Company had no unrecognized compensation cost related to nonvested options under the Plan. There were no shares which vested during the quarter ended September 30, 2013. In addition, there were no non-vested options as of September 30, 2013. | |||||||||||||||||
Restricted Stock Awards - As of September 30, 2013 all restricted stock awards have vested, therefore the Company had no unrecognized compensation costs under the Plan. There were 5,304 shares available for future stock award grants as of September 30, 2013. |
COMMITMENTS_TO_EXTEND_CREDIT
COMMITMENTS TO EXTEND CREDIT | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
COMMITMENTS TO EXTEND CREDIT [Abstract] | ' | ||||
COMMITMENTS TO EXTEND CREDIT | ' | ||||
Note 7 - COMMITMENTS TO EXTEND CREDIT | |||||
The Company is a party to credit-related 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, standby letters of credit, and commercial lines of credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated balance sheet. The Company's exposure to credit loss is represented by the contracted amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance sheet instruments. | |||||
At September 30, 2013, the Company had outstanding commitments to originate loans of $21.6 million. These commitments include the following: | |||||
As of | |||||
30-Sep-13 | |||||
(dollars in thousands) | |||||
Commitments to grant loans | $ | 9,119 | |||
Unfunded commitments under lines of credit | 12,445 | ||||
Commercial and standby letters of credit | 59 |
FAIR_VALUE_MEASUREMENTS
FAIR VALUE MEASUREMENTS | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
FAIR VALUE MEASUREMENTS [Abstract] | ' | ||||||||||||||||||||
FAIR VALUE MEASUREMENTS | ' | ||||||||||||||||||||
Note 8 - FAIR VALUE MEASUREMENTS | |||||||||||||||||||||
The fair value of financial assets and liabilities recorded at fair value is categorized in three levels. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. These levels are as follows: | |||||||||||||||||||||
Level 1 - Valuations based on quoted prices in active markets, such as the New York Stock Exchange. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. | |||||||||||||||||||||
Level 2 - Valuations of assets and liabilities traded in less active dealer or broker markets. Valuations include quoted prices for similar assets and liabilities traded in the same market; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Valuations may be obtained from, or corroborated by, third-party pricing services. | |||||||||||||||||||||
Level 3 - Assets and liabilities with valuations that include methodologies and assumptions that may not be readily observable, including option pricing models, discounted cash flow models, yield curves and similar techniques. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities, but in all cases are corroborated by external data, which may include third-party pricing services. | |||||||||||||||||||||
The following table presents information about the Company's assets and liabilities measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012, and the valuation techniques used by the Company to determine those fair values. | |||||||||||||||||||||
Assets and Liabilities Measured at Fair Value on a Recurring Basis at September 30, 2013 | |||||||||||||||||||||
Quoted Prices in | Significant | Significant | Balance at | ||||||||||||||||||
Active Markets | Other | Unobservable | September 30, | ||||||||||||||||||
for Identical | Observable | Inputs | 2013 | ||||||||||||||||||
Assets (Level 1) | Inputs | (Level 3) | |||||||||||||||||||
(Level 2) | |||||||||||||||||||||
Assets | (dollars in thousands) | ||||||||||||||||||||
Investment securities- available-for-sale: | |||||||||||||||||||||
US Government and agency obligations | $ | - | $ | 7,075 | $ | - | $ | 7,075 | |||||||||||||
Municipal obligations | - | 11,794 | - | 11,794 | |||||||||||||||||
Corporate bonds & other obligations | 1,111 | 1,111 | |||||||||||||||||||
Mortgage-backed securities | - | 30,298 | - | 30,298 | |||||||||||||||||
Equity securities | - | 3 | - | 3 | |||||||||||||||||
Total investment securities - available-for-sale | $ | - | $ | 50,281 | $ | - | $ | 50,281 | |||||||||||||
Assets and Liabilities Measured at Fair Value on a Recurring Basis at December 31, 2012 | |||||||||||||||||||||
Quoted Prices in | Significant | Significant | Fair Value as | ||||||||||||||||||
Active Markets | Other | Unobservable | of December | ||||||||||||||||||
for Identical | Observable | Inputs | 31, 2012 | ||||||||||||||||||
Assets (Level 1) | Inputs | (Level 3) | |||||||||||||||||||
(Level 2) | |||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Assets | |||||||||||||||||||||
Investment securities - available-for-sale: | |||||||||||||||||||||
US Government and agency obligations | $ | - | $ | 9,247 | $ | - | $ | 9,247 | |||||||||||||
Municipal obligations | - | 10,758 | - | 10,758 | |||||||||||||||||
Corporate securities | - | 1,150 | 1,150 | ||||||||||||||||||
Mortgage-backed securities | - | 29,608 | - | 29,608 | |||||||||||||||||
Equity securities | - | 1 | - | 1 | |||||||||||||||||
Total investment securities - available-for-sale | $ | - | $ | 50,764 | $ | - | $ | 50,764 | |||||||||||||
Fair value measurements of U.S. Government agencies and mortgage backed securities use pricing models that vary and may consider various assumptions, including time value, yield curves, volatility factors, prepayment speeds, default rates, loss severity, current market and contractual prices for the underlying financial instruments, as well as other relevant economic measures. | |||||||||||||||||||||
There were no transfers between Levels 1 and 2 of the fair value hierarchy from December 31, 2012 to September 30, 2013. For the available for sale securities, the Company obtains fair value measurements from an independent third-party service. | |||||||||||||||||||||
The Company has assets that, under certain conditions, are subject to measurement at fair value on a nonrecurring basis. At September 30, 2013 and December 31, 2012, such assets consist primarily of impaired loans and other real estate owned. The Company has 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 at September 30, 2013 | |||||||||||||||||||||
Balance at | Quoted Prices in | Significant | Significant | ||||||||||||||||||
September 30, | Active Markets | Other | Unobservable | ||||||||||||||||||
2013 | for Identical | Observable | Inputs | ||||||||||||||||||
Assets (Level 1) | Inputs | (Level 3) | |||||||||||||||||||
(Level 2) | |||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Impaired loans accounted for under ASC 310-10 | $ | 6,267 | $ | - | $ | - | $ | 6,267 | |||||||||||||
Other real estate owned -residential mortgages | 279 | - | - | 279 | |||||||||||||||||
Other Real estate owned - commercial | 939 | - | - | 939 | |||||||||||||||||
Other Repossessed Assets | 1,023 | - | - | 1,023 | |||||||||||||||||
Total assets at fair value on a non-recurring basis | $ | 8,508 | |||||||||||||||||||
Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2012 | |||||||||||||||||||||
Balance at | Quoted Prices in | Significant | Significant | ||||||||||||||||||
December 31, | Active Markets | Other | Unobservable | ||||||||||||||||||
2012 | for Identical | Observable | Inputs (Level 3) | ||||||||||||||||||
Assets (Level 1) | Inputs (Level 2) | ||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Impaired loans accounted for under FASB ASC 310-10 | $ | 6,835 | $ | - | $ | - | $ | 6,835 | |||||||||||||
Other real estate owned -residential mortgages | 947 | - | - | 947 | |||||||||||||||||
Other real estate owned - commercial | 319 | - | - | 319 | |||||||||||||||||
Other repossessed assets | 1,121 | - | - | 1,121 | |||||||||||||||||
Total assets at fair value on a non-recurring basis | $ | 9,222 | |||||||||||||||||||
The following methods and assumptions were used by the Company in estimating fair value disclosures for financial instruments: | |||||||||||||||||||||
Cash and Cash Equivalents - The carrying amounts of cash and short-term instruments 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. | |||||||||||||||||||||
Loans Receivable - For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. Fair values for certain mortgage loans (e.g., one- to four-family residential), credit card loans, and other consumer loans are based on quoted market prices of similar loans sold in conjunction with securitization transactions, adjusted for differences in loan characteristics. Fair values for other loans (e.g., commercial real estate and investment property mortgage loans, commercial, and industrial loans) are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. Fair values for nonperforming loans are estimated using discounted cash flow analyses or underlying collateral values, where applicable. | |||||||||||||||||||||
Loans Held For Sale - Fair values of mortgage loans held for sale are based on commitments on hand from investors or prevailing market prices. | |||||||||||||||||||||
Federal Home Loan Bank Stock - The carrying value of Federal Home Loan Bank stock approximates fair value based on the redemption provisions of the Federal Home Loan Bank. | |||||||||||||||||||||
Deposit Liabilities - The fair values disclosed for demand deposits (e.g., interest and noninterest checking, passbook savings, and certain types of money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). The carrying amounts of variable-rate, fixed-term money market accounts and certificates of deposit approximate their fair values at the reporting date. Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits. | |||||||||||||||||||||
Federal Home Loan Bank Advances - The estimated fair value of the fixed and variable rate Federal Home Loan Bank advances are estimated by discounting the related cash flows using the rates currently available for similarly structured borrowings with similar maturities. | |||||||||||||||||||||
REPO Sweep Accounts - The fair values disclosed for REPO Sweeps are equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). | |||||||||||||||||||||
Accrued Interest - The carrying amounts of accrued interest approximate fair value. | |||||||||||||||||||||
The estimated fair values and related carrying or notional amounts of the Company's financial instruments are as follows: | |||||||||||||||||||||
30-Sep-13 | Carrying | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||
Value | Estimated | ||||||||||||||||||||
Fair Value | |||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 3,537 | $ | 3,537 | $ | - | $ | - | $ | 3,537 | |||||||||||
Securities available for sale | 50,281 | - | 50,281 | - | 50,281 | ||||||||||||||||
Securities held to maturity | 2,305 | - | 2,450 | - | 2,450 | ||||||||||||||||
Loans held for sale | 974 | - | - | 974 | 974 | ||||||||||||||||
Loans receivable - net | 138,005 | - | - | 137,759 | 137,759 | ||||||||||||||||
Federal Home Loan Bank stock | 3,226 | - | 3,226 | - | 3,226 | ||||||||||||||||
Accrued interest receivable | 953 | - | 953 | - | 953 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Customer deposits | 158,054 | - | 159,885 | - | 159,885 | ||||||||||||||||
Federal Home Loan Bank advances | 25,016 | - | 24,651 | - | 24,651 | ||||||||||||||||
REPO sweep accounts | 5,560 | - | 5,560 | - | 5,560 | ||||||||||||||||
Accrued interest payable | 100 | - | 100 | - | 100 | ||||||||||||||||
31-Dec-12 | Carrying | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||
Value | Estimated | ||||||||||||||||||||
Fair Value | |||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 2,752 | $ | 2,752 | $ | - | $ | - | $ | 2,752 | |||||||||||
Securities available for sale | 50,764 | - | 50,764 | - | 50,764 | ||||||||||||||||
Securities held to maturity | 2,345 | - | 2,570 | - | 2,570 | ||||||||||||||||
Loans held for sale | 79 | 84 | 84 | ||||||||||||||||||
Loans receivable - net | 138,912 | - | - | 140,877 | 140,877 | ||||||||||||||||
Federal Home Loan Bank stock | 3,266 | - | 3,266 | - | 3,266 | ||||||||||||||||
Accrued interest receivable | 970 | - | 970 | - | 970 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Customer deposits | 158,350 | - | 159,335 | - | 159,335 | ||||||||||||||||
Federal Home Loan Bank advances | 26,358 | - | 26,493 | - | 26,493 | ||||||||||||||||
REPO sweep accounts | 3,183 | - | 3,183 | - | 3,183 | ||||||||||||||||
Accrued interest payable | 100 | - | 100 | - | 100 |
SECURITIES_Tables
SECURITIES (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
SECURITIES [Abstract] | ' | ||||||||||||||||
Carrying Value and Estimated Fair Value of Securities | ' | ||||||||||||||||
30-Sep-13 | |||||||||||||||||
Amortized | Gross | Gross | Market | ||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||
Gains | Losses | ||||||||||||||||
(dollars in thousands) | |||||||||||||||||
Securities Available for Sale | |||||||||||||||||
U.S. Government and agency obligations | $ | 7,130 | $ | 43 | $ | (98 | ) | 7,075 | |||||||||
Municipal obligations | 11,876 | 215 | (297 | ) | 11,794 | ||||||||||||
Corporate bonds & other obligations | 1,098 | 13 | - | 1,111 | |||||||||||||
Mortgage-backed securities | 30,304 | 340 | (346 | ) | 30,298 | ||||||||||||
Equity securities | 2 | 1 | - | 3 | |||||||||||||
Total | $ | 50,410 | $ | 612 | $ | (741 | ) | $ | 50,281 | ||||||||
Securities Held to Maturity | |||||||||||||||||
Municipal obligations | $ | 2,305 | $ | 145 | $ | - | $ | 2,450 | |||||||||
31-Dec-12 | |||||||||||||||||
Amortized | Gross | Gross | Market | ||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||
Gains | (Losses) | ||||||||||||||||
(in thousands) | |||||||||||||||||
Securities Available for Sale | |||||||||||||||||
U.S. Government and agency obligations | $ | 9,181 | $ | 66 | $ | - | $ | 9,247 | |||||||||
Municipal obligations | 10,413 | 368 | (23 | ) | 10,758 | ||||||||||||
Corporate bonds & other obligations | 1,135 | 15 | - | 1,150 | |||||||||||||
Mortgage-backed securities | 28,901 | 736 | (29 | ) | 29,608 | ||||||||||||
Equity securities | 3 | - | (2 | ) | 1 | ||||||||||||
Total | $ | 49,633 | $ | 1,185 | $ | (54 | ) | $ | 50,764 | ||||||||
Securities Held to Maturity | |||||||||||||||||
Municipal obligations | $ | 2,345 | $ | 225 | $ | - | $ | 2,570 | |||||||||
Amortized Cost and Estimated Market Value of Securities by Contract Maturity | ' | ||||||||||||||||
30-Sep-13 | |||||||||||||||||
Amortized | Market | ||||||||||||||||
Cost | Value | ||||||||||||||||
(dollars in thousands) | |||||||||||||||||
Available For Sale: | |||||||||||||||||
Due in one year or less | $ | 2,076 | $ | 2,086 | |||||||||||||
Due after one year through five years | 11,042 | 11,153 | |||||||||||||||
Due in five year through ten years | 6,740 | 6,451 | |||||||||||||||
Due after ten years | 246 | 290 | |||||||||||||||
Subtotal | 20,104 | 19,980 | |||||||||||||||
Equity securities | 2 | 3 | |||||||||||||||
Mortgage-backed securities | 30,304 | 30,298 | |||||||||||||||
Total | $ | 50,410 | $ | 50,281 | |||||||||||||
Held To Maturity: | |||||||||||||||||
Due in one year or less | $ | 90 | $ | 91 | |||||||||||||
Due after one year through five years | 1,615 | 1,695 | |||||||||||||||
Due in five year through ten years | 300 | 332 | |||||||||||||||
Due after ten years | 300 | 332 | |||||||||||||||
Total | $ | 2,305 | $ | 2,450 | |||||||||||||
Summary of Temporily Impaired Investments Impaired | ' | ||||||||||||||||
30-Sep-13 | |||||||||||||||||
Gross | Gross | ||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||
Losses | Losses | ||||||||||||||||
Fair Value | less than 12 | Fair Value | greater than 12 | ||||||||||||||
months | months | ||||||||||||||||
(dollars in thousands) | |||||||||||||||||
Available For Sale: | |||||||||||||||||
U.S. Government and agency obligations | $ | 901 | $ | (98 | ) | $ | - | $ | - | ||||||||
Municipal obligations | 6,773 | (274 | ) | 953 | (23 | ) | |||||||||||
Mortgage-backed securities | 13,131 | (282 | ) | 2,175 | (64 | ) | |||||||||||
Equity securities | - | - | - | - | |||||||||||||
Total | $ | 20,805 | $ | (654 | ) | $ | 3,128 | $ | (87 | ) | |||||||
Held to Maturity: | |||||||||||||||||
Municipal obligations | $ | - | $ | - | $ | - | $ | - | |||||||||
31-Dec-12 | |||||||||||||||||
Gross | Gross | ||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||
Losses | Losses | ||||||||||||||||
Fair Value | less than 12 | Fair Value | greater than 12 | ||||||||||||||
months | months | ||||||||||||||||
(in thousands) | |||||||||||||||||
Available For Sale: | |||||||||||||||||
U.S. Government and agency obligations | $ | - | $ | - | $ | - | $ | - | |||||||||
Municipal obligations | 1,537 | (23 | ) | - | - | ||||||||||||
Mortgage-backed securities | 2,725 | (13 | ) | 1,687 | (16 | ) | |||||||||||
Equity securities | - | - | 1 | (2 | ) | ||||||||||||
Total | $ | 4,262 | $ | (36 | ) | $ | 1,688 | $ | (18 | ) | |||||||
Held to Maturity: | |||||||||||||||||
Municipal obligations | $ | - | $ | - | $ | - | $ | - |
LOANS_Tables
LOANS (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
LOANS [Abstract] | ' | ||||||||||||||||||||||||||||||||
Composition of Loan Portfolio by Loan Type | ' | ||||||||||||||||||||||||||||||||
At September 30, | At December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
Residential mortgage | $ | 64,244 | $ | 66,539 | |||||||||||||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||||||||||
Secured by real estate | 53,022 | 54,673 | |||||||||||||||||||||||||||||||
Other | 12,429 | 8,102 | |||||||||||||||||||||||||||||||
Total commercial loans | 65,451 | 62,775 | |||||||||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||||||
Secured by real estate | 9,286 | 10,409 | |||||||||||||||||||||||||||||||
Other | 1,117 | 1,259 | |||||||||||||||||||||||||||||||
Total consumer loans | 10,403 | 11,668 | |||||||||||||||||||||||||||||||
Total gross loans | $ | 140,098 | $ | 140,982 | |||||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||||||
Net deferred loan fees | (300 | ) | (320 | ) | |||||||||||||||||||||||||||||
Allowance for loan losses | (1,793 | ) | (1,750 | ) | |||||||||||||||||||||||||||||
Total loans, net | $ | 138,005 | $ | 138,912 | |||||||||||||||||||||||||||||
Contractual Aging of Recorded Investment in Past Due Loans by Class Loans | ' | ||||||||||||||||||||||||||||||||
Contractual Aging of Recorded Balance in Past Due Loans by Class of Loan | |||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||||||
Greater than | Investment greater than 90 | ||||||||||||||||||||||||||||||||
30 - 59 Days | 60 - 89 Days | 90 Days | Total | Total Loans | Days and | ||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Current | Receivables | Accruing | |||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Commercial Real Estate: | |||||||||||||||||||||||||||||||||
Commercial Real Estate - construction | $ | - | $ | - | $ | 173 | $ | 173 | $ | - | $ | 173 | $ | - | |||||||||||||||||||
Commercial Real Estate - other | 39 | 1,305 | 2,151 | 3,495 | 49,354 | 52,849 | - | ||||||||||||||||||||||||||
Commercial - non real estate | 66 | 27 | - | 93 | 12,336 | 12,429 | - | ||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||
Consumer - Real Estate | 121 | 13 | - | 134 | 9,152 | 9,286 | - | ||||||||||||||||||||||||||
Consumer - Other | - | - | - | - | 1,117 | 1,117 | - | ||||||||||||||||||||||||||
Residential: | |||||||||||||||||||||||||||||||||
Residential | 1,631 | 552 | 759 | 2,942 | 61,302 | 64,244 | 85 | ||||||||||||||||||||||||||
Total | $ | 1,857 | $ | 1,897 | $ | 3,083 | $ | 6,837 | $ | 133,261 | $ | 140,098 | $ | 85 | |||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||||||
Greater than | Investment greater than 90 | ||||||||||||||||||||||||||||||||
30 - 59 Days | 60 - 89 Days | 90 Days | Total | Total Loans | Days and | ||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Current | Receivables | Accruing | |||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Commercial Real Estate: | |||||||||||||||||||||||||||||||||
Commercial Real Estate - construction | $ | - | $ | - | $ | 173 | $ | 173 | $ | 2,073 | $ | 2,246 | $ | - | |||||||||||||||||||
Commercial Real Estate - other | 3,210 | 540 | 282 | 4,032 | 48,395 | 52,427 | - | ||||||||||||||||||||||||||
Commercial - non real estate | 113 | - | - | 113 | 7,989 | 8,102 | - | ||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||
Consumer - Real Estate | 59 | - | 13 | 72 | 10,337 | 10,409 | - | ||||||||||||||||||||||||||
Consumer - Other | 11 | 5 | 6 | 22 | 1,237 | 1,259 | 6 | ||||||||||||||||||||||||||
Residential: | |||||||||||||||||||||||||||||||||
Residential | 2,047 | 796 | 1,198 | 4,041 | 62,498 | 66,539 | 61 | ||||||||||||||||||||||||||
Total | $ | 5,440 | $ | 1,341 | $ | 1,672 | $ | 8,453 | $ | 132,529 | $ | 140,982 | $ | 67 | |||||||||||||||||||
Risk Category of Loans by Class of Loans Based on Most Recent Analysis Performed | ' | ||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial Real Estate | Commercial Real Estate | ||||||||||||||||||||||||||||||||
Loan Grade | Construction | Other | Commercial | ||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
2-Jan | $ | - | $ | - | $ | - | |||||||||||||||||||||||||||
3 | - | 15,822 | 5,954 | ||||||||||||||||||||||||||||||
4 | - | 27,878 | 6,179 | ||||||||||||||||||||||||||||||
5 | - | 5,468 | 106 | ||||||||||||||||||||||||||||||
6 | 173 | 3,681 | 190 | ||||||||||||||||||||||||||||||
7 | - | - | - | ||||||||||||||||||||||||||||||
8 | - | - | - | ||||||||||||||||||||||||||||||
Total | $ | 173 | $ | 52,849 | $ | 12,429 | |||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Commercial Real Estate | Commercial Real Estate | ||||||||||||||||||||||||||||||||
Loan Grade | Construction | Other | Commercial | ||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
2-Jan | $ | - | $ | - | $ | - | |||||||||||||||||||||||||||
3 | 615 | 13,895 | 2,376 | ||||||||||||||||||||||||||||||
4 | 1,458 | 27,488 | 5,489 | ||||||||||||||||||||||||||||||
5 | - | 2,712 | 37 | ||||||||||||||||||||||||||||||
6 | 173 | 8,332 | 200 | ||||||||||||||||||||||||||||||
7 | - | - | - | ||||||||||||||||||||||||||||||
8 | - | - | - | ||||||||||||||||||||||||||||||
Total | $ | 2,246 | $ | 52,427 | $ | 8,102 | |||||||||||||||||||||||||||
Risk Category of Loans by Class Based on Most Recent Analysis Performed | ' | ||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Residential | |||||||||||||||||||||||||||||||||
Loan Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 63,089 | |||||||||||||||||||||||||||||||
Special Mention | - | ||||||||||||||||||||||||||||||||
Substandard | 1,155 | ||||||||||||||||||||||||||||||||
Total | $ | 64,244 | |||||||||||||||||||||||||||||||
Consumer - | |||||||||||||||||||||||||||||||||
Real Estate | Consumer - Other | ||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Performing | $ | 9,279 | $ | 1,117 | |||||||||||||||||||||||||||||
Nonperforming | 7 | - | |||||||||||||||||||||||||||||||
Total | $ | 9,286 | $ | 1,117 | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Residential | |||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Loan Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 64,668 | |||||||||||||||||||||||||||||||
Special Mention | - | ||||||||||||||||||||||||||||||||
Substandard | 1,871 | ||||||||||||||||||||||||||||||||
Total | $ | 66,539 | |||||||||||||||||||||||||||||||
Consumer - | |||||||||||||||||||||||||||||||||
Real Estate | Consumer - Other | ||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Performing | $ | 10,381 | $ | 1,253 | |||||||||||||||||||||||||||||
Nonperforming | 28 | 6 | |||||||||||||||||||||||||||||||
Total | $ | 10,409 | $ | 1,259 | |||||||||||||||||||||||||||||
Recorded Investment in Non-Accrual Loans by Class | ' | ||||||||||||||||||||||||||||||||
As of | |||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Commercial Real Estate: | |||||||||||||||||||||||||||||||||
Commercial Real Estate - construction | $ | 173 | $ | 173 | |||||||||||||||||||||||||||||
Commercial Real Estate - other | 2,151 | 2,851 | |||||||||||||||||||||||||||||||
Commercial | - | - | |||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||
Consumer - real estate | 7 | 28 | |||||||||||||||||||||||||||||||
Consumer - other | - | 1 | |||||||||||||||||||||||||||||||
Residential: | |||||||||||||||||||||||||||||||||
Residential | 1,071 | 1,810 | |||||||||||||||||||||||||||||||
Total | $ | 3,402 | $ | 4,863 | |||||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables | ' | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | Troubled Debt Restructurings that Subsequently | ||||||||||||||||||||||||||||||||
Defaulted | |||||||||||||||||||||||||||||||||
For the three months ended September 30, 2012 | For the three months ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Number of | Pre-modification | Post-modification | Number of Loans | Recorded Investment | |||||||||||||||||||||||||||||
Loans | outstanding recorded | outstanding recorded | |||||||||||||||||||||||||||||||
investment | investment | ||||||||||||||||||||||||||||||||
(dollars in thousands) | (dollars in thousands) | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||
Commercial Real Estate - Construction | - | $ | - | $ | - | - | $ | - | |||||||||||||||||||||||||
Commercial Real Estate - Other | - | - | - | - | - | ||||||||||||||||||||||||||||
Commercial - non real estate | 2 | 1,914 | 1,454 | - | - | ||||||||||||||||||||||||||||
Residential | - | - | - | - | - | ||||||||||||||||||||||||||||
Total | 2 | $ | 1,914 | $ | 1,454 | - | $ | - | |||||||||||||||||||||||||
Troubled Debt Restructurings | Troubled Debt Restructurings that Subsequently | ||||||||||||||||||||||||||||||||
Defaulted | |||||||||||||||||||||||||||||||||
For the nine months ended September 30, 2013 | For the nine months ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Number of | Pre-modification | Post-modification | Number of Loans | Recorded Investment | |||||||||||||||||||||||||||||
Loans | outstanding recorded | outstanding recorded | |||||||||||||||||||||||||||||||
investment | investment | ||||||||||||||||||||||||||||||||
(dollars in thousands) | (dollars in thousands) | ||||||||||||||||||||||||||||||||
Commerical Real Estate - Construction | - | $ | - | $ | - | - | $ | - | |||||||||||||||||||||||||
Commercial Real Estate - Other | 2 | 2,442 | 2,434 | - | - | ||||||||||||||||||||||||||||
Consumer - Real Estate | - | - | - | - | - | ||||||||||||||||||||||||||||
Residential | 2 | 331 | 268 | 1 | 190 | ||||||||||||||||||||||||||||
Total | 4 | $ | 2,773 | $ | 2,702 | 1 | $ | 190 | |||||||||||||||||||||||||
Troubled Debt Restructurings | Troubled Debt Restructurings that Subsequently | ||||||||||||||||||||||||||||||||
Defaulted | |||||||||||||||||||||||||||||||||
For the nine months ended September 30, 2012 | For the nine months ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Number of | Pre-modification | Post-modification | Number of Loans | Recorded Investment | |||||||||||||||||||||||||||||
Loans | outstanding recorded | outstanding recorded | |||||||||||||||||||||||||||||||
investment | investment | ||||||||||||||||||||||||||||||||
(dollars in thousands) | (dollars in thousands) | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||
Commercial Real Estate - Construction | - | $ | - | $ | - | - | $ | - | |||||||||||||||||||||||||
Commercial Real Estate - Other | - | - | - | 1 | 63 | ||||||||||||||||||||||||||||
Commercial - non real estate | 4 | 3,542 | 3,052 | - | - | ||||||||||||||||||||||||||||
Residential | - | - | - | - | - | ||||||||||||||||||||||||||||
Total | 4 | $ | 3,542 | $ | 3,052 | 1 | $ | 63 | |||||||||||||||||||||||||
Loans Individually Evaluated for Impairment by Class of Loans | ' | ||||||||||||||||||||||||||||||||
For the Three Months Ended | For the Nine Months Ended | ||||||||||||||||||||||||||||||||
Impaired Loans | September 30, | September 30, | |||||||||||||||||||||||||||||||
As of September 30, 2013 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Unpaid Principal | Recorded | Related | Average | Interest | Average | Interest | |||||||||||||||||||||||||||
Balance | Investment | Allowance | Recorded | Income | Recorded | Income | |||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||||||
(dollars in thousands) | (dollars in thousands) | (dollars in thousands) | |||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Commercial Real Estate - Construction | 1,589 | 173 | - | 173 | - | 173 | - | ||||||||||||||||||||||||||
Commercial Real Estate - Other | 4,064 | 4,064 | - | 4,189 | 56 | 4,065 | 148 | ||||||||||||||||||||||||||
Consumer - Real Estate | 8 | 7 | - | 9 | - | 7 | - | ||||||||||||||||||||||||||
Consumer - Other | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Residential | 1,595 | 1,169 | - | 1,296 | - | 1,170 | - | ||||||||||||||||||||||||||
With a specific allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Commercial Real Estate - Construction | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Commercial Real Estate - Other | 2,030 | 2,030 | 510 | 2,030 | - | 2,030 | - | ||||||||||||||||||||||||||
Consumer - Real Estate | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Consumer - Other | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Residential | 73 | 64 | 21 | 64 | - | 64 | - | ||||||||||||||||||||||||||
Totals: | |||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Commercial Real Estate - Construction | $ | 1,589 | $ | 173 | $ | - | $ | 173 | $ | - | $ | 173 | $ | - | |||||||||||||||||||
Commercial Real Estate - Other | $ | 6,094 | $ | 6,094 | $ | 510 | $ | 6,219 | $ | 56 | $ | 6,095 | $ | 148 | |||||||||||||||||||
Consumer - Real Estate | $ | 8 | $ | 7 | $ | - | $ | 9 | $ | - | $ | 7 | $ | - | |||||||||||||||||||
Consumer - Other | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Residential | $ | 1,668 | $ | 1,233 | $ | 21 | $ | 1,360 | $ | - | $ | 1,234 | $ | - | |||||||||||||||||||
For the Three Months Ended | For the Nine Months Ended | ||||||||||||||||||||||||||||||||
Impaired Loans | September 30, | September 30, | |||||||||||||||||||||||||||||||
As of December 31, 2012 | 2012 | 2012 | |||||||||||||||||||||||||||||||
Unpaid Principal | Recorded | Related | Average | Interest | Average | Interest | |||||||||||||||||||||||||||
Balance | Investment | Allowance | Recorded | Income | Recorded | Income | |||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||||||
(dollars in thousands) | (dollars in thousands) | (dollars in thousands) | |||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Commercial Real Estate - Construction | 1,589 | 173 | - | 173 | - | 173 | - | ||||||||||||||||||||||||||
Commercial Real Estate - Other | 4,869 | 4,535 | - | 3,206 | 35 | 3,309 | 107 | ||||||||||||||||||||||||||
Consumer - Real Estate | 33 | 28 | - | 29 | - | 31 | - | ||||||||||||||||||||||||||
Consumer - Other | 1 | 1 | - | 3 | - | 4 | - | ||||||||||||||||||||||||||
Residential | 1,365 | 1,194 | - | 1,657 | - | 1,666 | - | ||||||||||||||||||||||||||
With a specific allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Commercial Real Estate - Construction | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Commercial Real Estate - Other | 2,138 | 2,127 | 101 | 2,167 | 20 | 2,175 | 61 | ||||||||||||||||||||||||||
Consumer - Real Estate | - | - | - | 96 | - | 96 | - | ||||||||||||||||||||||||||
Consumer - Other | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Residential | 616 | 616 | 141 | 45 | - | 45 | - | ||||||||||||||||||||||||||
Totals: | |||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Commercial Real Estate - Construction | $ | 1,589 | $ | 173 | $ | - | $ | 173 | $ | - | $ | 173 | $ | - | |||||||||||||||||||
Commercial Real Estate - Other | $ | 7,007 | $ | 6,662 | $ | 101 | $ | 5,373 | $ | 55 | $ | 5,484 | $ | 168 | |||||||||||||||||||
Consumer - Real Estate | $ | 33 | $ | 28 | $ | - | $ | 125 | $ | - | $ | 127 | $ | - | |||||||||||||||||||
Consumer - Other | $ | 1 | $ | 1 | $ | - | $ | 3 | $ | - | $ | 4 | $ | - | |||||||||||||||||||
Residential | $ | 1,981 | $ | 1,810 | $ | 141 | $ | 1,702 | $ | - | $ | 1,711 | $ | - | |||||||||||||||||||
Schedule of Activity in Allowance for Loan and Lease Losses and Individually Evaluated for Impairment | ' | ||||||||||||||||||||||||||||||||
Allowance for Credit Losses and Recorded Investment in Financing Receivables | |||||||||||||||||||||||||||||||||
For the Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | |||||||||||||||||||||||||||||||
Construction | Real Estate | Commercial | Real Estate | Consumer | Residential | Unallocated | Total | ||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||||||||||
Beginning Balance | $ | - | $ | 673 | $ | 79 | $ | 75 | $ | 25 | $ | 839 | $ | - | $ | 1,691 | |||||||||||||||||
Charge-offs | - | - | - | (33 | ) | (1 | ) | (29 | ) | - | (63 | ) | |||||||||||||||||||||
Recoveries | - | 46 | - | 2 | - | 85 | - | 133 | |||||||||||||||||||||||||
Provision | - | 87 | (9 | ) | 24 | (4 | ) | (66 | ) | - | 32 | ||||||||||||||||||||||
Ending Balance | $ | - | $ | 806 | $ | 70 | $ | 68 | $ | 20 | $ | 829 | $ | - | $ | 1,793 | |||||||||||||||||
For the Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | |||||||||||||||||||||||||||||||
Construction | Real Estate | Commercial | Real Estate | Consumer | Residential | Unallocated | Total | ||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||||||||||
Beginning Balance | $ | 64 | $ | 579 | $ | 69 | $ | 99 | $ | 33 | $ | 906 | $ | - | $ | 1,750 | |||||||||||||||||
Charge-offs | - | (85 | ) | - | (40 | ) | (13 | ) | (397 | ) | - | (535 | ) | ||||||||||||||||||||
Recoveries | - | 57 | - | 34 | 5 | 110 | - | 206 | |||||||||||||||||||||||||
Provision | (64 | ) | 255 | 1 | (25 | ) | (5 | ) | 210 | - | 372 | ||||||||||||||||||||||
Ending Balance | $ | - | $ | 806 | $ | 70 | $ | 68 | $ | 20 | $ | 829 | $ | - | $ | 1,793 | |||||||||||||||||
Loan Balances Individually Evaluated for Impairment | |||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | |||||||||||||||||||||||||||||||
Construction | Real Estate | Commercial | Real Estate | Consumer | Residential | Unallocated | Total | ||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | - | $ | 510 | $ | - | $ | - | $ | - | $ | 21 | $ | - | $ | 531 | |||||||||||||||||
Ending balance: loans collectively evaluated for impairment | $ | - | $ | 296 | $ | 70 | $ | 68 | $ | 20 | $ | 808 | $ | - | $ | 1,262 | |||||||||||||||||
Ending balance: loans acquired with deteriorated credit quality | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||
Financing Receivables: | |||||||||||||||||||||||||||||||||
Ending Balance | $ | 173 | $ | 52,849 | $ | 12,429 | $ | 9,286 | $ | 1,117 | $ | 64,244 | $ | - | $ | 140,098 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 173 | $ | 6,094 | $ | - | $ | 7 | $ | - | $ | 1,233 | $ | - | $ | 7,507 | |||||||||||||||||
Ending balance: loans collectively evaluated for impairment | $ | - | $ | 46,755 | $ | 12,429 | $ | 9,279 | $ | 1,117 | $ | 63,011 | $ | - | $ | 132,591 | |||||||||||||||||
Ending balance: loans acquired with deteriorated credit quality | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||
For the Three Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | |||||||||||||||||||||||||||||||
Construction | Real Estate | Commercial | Real Estate | Consumer | Residential | Unallocated | Total | ||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||||||||||
Beginning Balance | $ | - | $ | 770 | $ | 40 | $ | 140 | $ | 15 | $ | 808 | $ | - | $ | 1,773 | |||||||||||||||||
Charge-offs | - | (138 | ) | - | (17 | ) | (20 | ) | (166 | ) | - | (341 | ) | ||||||||||||||||||||
Recoveries | - | 2 | - | 6 | 3 | 7 | - | 18 | |||||||||||||||||||||||||
Provision | 35 | (13 | ) | 36 | 1 | 36 | 139 | - | 234 | ||||||||||||||||||||||||
Ending Balance | $ | 35 | $ | 621 | $ | 76 | $ | 130 | $ | 34 | $ | 788 | $ | - | $ | 1,684 | |||||||||||||||||
For the Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | |||||||||||||||||||||||||||||||
Construction | Real Estate | Commercial | Real Estate | Consumer | Residential | Unallocated | Total | ||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||||||||||
Beginning Balance | $ | 10 | $ | 393 | $ | 53 | $ | 146 | $ | 46 | $ | 870 | $ | - | $ | 1,518 | |||||||||||||||||
Charge-offs | - | (265 | ) | - | (54 | ) | (29 | ) | (724 | ) | - | (1,072 | ) | ||||||||||||||||||||
Recoveries | - | 10 | - | 14 | 8 | 17 | - | 49 | |||||||||||||||||||||||||
Provision | 25 | 483 | 23 | 24 | 9 | 625 | - | 1,189 | |||||||||||||||||||||||||
Ending Balance | $ | 35 | $ | 621 | $ | 76 | $ | 130 | $ | 34 | $ | 788 | $ | - | $ | 1,684 | |||||||||||||||||
Loan Balances Individually Evaluated for Impairment | |||||||||||||||||||||||||||||||||
As of September 30, 2012 | |||||||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | |||||||||||||||||||||||||||||||
Construction | Real Estate | Commercial | Real Estate | Consumer | Residential | Unallocated | Total | ||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | - | $ | 175 | $ | - | $ | - | $ | 21 | $ | 5 | $ | - | $ | 201 | |||||||||||||||||
Ending balance: loans collectively evaluated for impairment | $ | 35 | $ | 446 | $ | 76 | $ | 130 | $ | 13 | $ | 783 | $ | - | $ | 1,483 | |||||||||||||||||
Ending balance: loans acquired with deteriorated credit quality | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||
Financing Receivables: | |||||||||||||||||||||||||||||||||
Ending Balance | $ | 487 | $ | 53,081 | $ | 8,414 | $ | 11,561 | $ | 1,276 | $ | 65,552 | $ | - | $ | 140,371 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 173 | $ | 2,573 | $ | - | $ | 174 | $ | 1 | $ | 1,556 | $ | - | $ | 4,477 | |||||||||||||||||
Ending balance: loans collectively | |||||||||||||||||||||||||||||||||
evaluated for impairment | $ | 314 | $ | 50,508 | $ | 8,414 | $ | 11,387 | $ | 1,275 | $ | 63,996 | $ | - | $ | 135,894 | |||||||||||||||||
Ending balance: loans acquired with deteriorated credit quality | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - |
STOCKBASED_COMPENSATION_Tables
STOCK-BASED COMPENSATION (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
STOCK-BASED COMPENSATION [Abstract] | ' | ||||||||||||||||
Summary of Stock Option Activity under Plan | ' | ||||||||||||||||
Weighted-Average | |||||||||||||||||
Weighted- | Remaining | ||||||||||||||||
Average | Contractual Term | Aggregate | |||||||||||||||
Options | Shares | Exercise Price | (Years) | Intrinsic Value | |||||||||||||
Outstanding at January 1, 2013 | 167,620 | $ | 9.53 | 3.4 | $ | - | |||||||||||
Granted | - | N/A | |||||||||||||||
Exercised | - | N/A | |||||||||||||||
Forfeited or expired | (4,900 | ) | $ | 9.54 | |||||||||||||
Oustanding at September 30, 2013 | 162,720 | $ | 9.53 | 2.6 | $ | - | |||||||||||
Options Exercisable at September 30, 2013 | 162,720 | $ | 9.53 | 2.6 | $ | - |
COMMITMENTS_TO_EXTEND_CREDIT_T
COMMITMENTS TO EXTEND CREDIT (Tables) | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
COMMITMENTS TO EXTEND CREDIT [Abstract] | ' | ||||
Schedule of Outstanding Commitments to Originate Loans | ' | ||||
As of | |||||
30-Sep-13 | |||||
(dollars in thousands) | |||||
Commitments to grant loans | $ | 9,119 | |||
Unfunded commitments under lines of credit | 12,445 | ||||
Commercial and standby letters of credit | 59 |
FAIR_VALUE_MEASUREMENTS_Tables
FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
FAIR VALUE MEASUREMENTS [Abstract] | ' | ||||||||||||||||||||
Assets and Liabilities Measured at Fair Value on Recurring Basis | ' | ||||||||||||||||||||
Assets and Liabilities Measured at Fair Value on a Recurring Basis at September 30, 2013 | |||||||||||||||||||||
Quoted Prices in | Significant | Significant | Balance at | ||||||||||||||||||
Active Markets | Other | Unobservable | September 30, | ||||||||||||||||||
for Identical | Observable | Inputs | 2013 | ||||||||||||||||||
Assets (Level 1) | Inputs | (Level 3) | |||||||||||||||||||
(Level 2) | |||||||||||||||||||||
Assets | (dollars in thousands) | ||||||||||||||||||||
Investment securities- available-for-sale: | |||||||||||||||||||||
US Government and agency obligations | $ | - | $ | 7,075 | $ | - | $ | 7,075 | |||||||||||||
Municipal obligations | - | 11,794 | - | 11,794 | |||||||||||||||||
Corporate bonds & other obligations | 1,111 | 1,111 | |||||||||||||||||||
Mortgage-backed securities | - | 30,298 | - | 30,298 | |||||||||||||||||
Equity securities | - | 3 | - | 3 | |||||||||||||||||
Total investment securities - available-for-sale | $ | - | $ | 50,281 | $ | - | $ | 50,281 | |||||||||||||
Assets and Liabilities Measured at Fair Value on a Recurring Basis at December 31, 2012 | |||||||||||||||||||||
Quoted Prices in | Significant | Significant | Fair Value as | ||||||||||||||||||
Active Markets | Other | Unobservable | of December | ||||||||||||||||||
for Identical | Observable | Inputs | 31, 2012 | ||||||||||||||||||
Assets (Level 1) | Inputs | (Level 3) | |||||||||||||||||||
(Level 2) | |||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Assets | |||||||||||||||||||||
Investment securities - available-for-sale: | |||||||||||||||||||||
US Government and agency obligations | $ | - | $ | 9,247 | $ | - | $ | 9,247 | |||||||||||||
Municipal obligations | - | 10,758 | - | 10,758 | |||||||||||||||||
Corporate securities | - | 1,150 | 1,150 | ||||||||||||||||||
Mortgage-backed securities | - | 29,608 | - | 29,608 | |||||||||||||||||
Equity securities | - | 1 | - | 1 | |||||||||||||||||
Total investment securities - available-for-sale | $ | - | $ | 50,764 | $ | - | $ | 50,764 | |||||||||||||
Assets Measured at Fair Value on Nonrecurring Basis | ' | ||||||||||||||||||||
Assets Measured at Fair Value on a Nonrecurring Basis at September 30, 2013 | |||||||||||||||||||||
Balance at | Quoted Prices in | Significant | Significant | ||||||||||||||||||
September 30, | Active Markets | Other | Unobservable | ||||||||||||||||||
2013 | for Identical | Observable | Inputs | ||||||||||||||||||
Assets (Level 1) | Inputs | (Level 3) | |||||||||||||||||||
(Level 2) | |||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Impaired loans accounted for under ASC 310-10 | $ | 6,267 | $ | - | $ | - | $ | 6,267 | |||||||||||||
Other real estate owned -residential mortgages | 279 | - | - | 279 | |||||||||||||||||
Other Real estate owned - commercial | 939 | - | - | 939 | |||||||||||||||||
Other Repossessed Assets | 1,023 | - | - | 1,023 | |||||||||||||||||
Total assets at fair value on a non-recurring basis | $ | 8,508 | |||||||||||||||||||
Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2012 | |||||||||||||||||||||
Balance at | Quoted Prices in | Significant | Significant | ||||||||||||||||||
December 31, | Active Markets | Other | Unobservable | ||||||||||||||||||
2012 | for Identical | Observable | Inputs (Level 3) | ||||||||||||||||||
Assets (Level 1) | Inputs (Level 2) | ||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Impaired loans accounted for under FASB ASC 310-10 | $ | 6,835 | $ | - | $ | - | $ | 6,835 | |||||||||||||
Other real estate owned -residential mortgages | 947 | - | - | 947 | |||||||||||||||||
Other real estate owned - commercial | 319 | - | - | 319 | |||||||||||||||||
Other repossessed assets | 1,121 | - | - | 1,121 | |||||||||||||||||
Total assets at fair value on a non-recurring basis | $ | 9,222 | |||||||||||||||||||
Estimated Fair Values and Related Carrying or Notional Amounts of Financial Instruments | ' | ||||||||||||||||||||
30-Sep-13 | Carrying | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||
Value | Estimated | ||||||||||||||||||||
Fair Value | |||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 3,537 | $ | 3,537 | $ | - | $ | - | $ | 3,537 | |||||||||||
Securities available for sale | 50,281 | - | 50,281 | - | 50,281 | ||||||||||||||||
Securities held to maturity | 2,305 | - | 2,450 | - | 2,450 | ||||||||||||||||
Loans held for sale | 974 | - | - | 974 | 974 | ||||||||||||||||
Loans receivable - net | 138,005 | - | - | 137,759 | 137,759 | ||||||||||||||||
Federal Home Loan Bank stock | 3,226 | - | 3,226 | - | 3,226 | ||||||||||||||||
Accrued interest receivable | 953 | - | 953 | - | 953 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Customer deposits | 158,054 | - | 159,885 | - | 159,885 | ||||||||||||||||
Federal Home Loan Bank advances | 25,016 | - | 24,651 | - | 24,651 | ||||||||||||||||
REPO sweep accounts | 5,560 | - | 5,560 | - | 5,560 | ||||||||||||||||
Accrued interest payable | 100 | - | 100 | - | 100 | ||||||||||||||||
31-Dec-12 | Carrying | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||
Value | Estimated | ||||||||||||||||||||
Fair Value | |||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 2,752 | $ | 2,752 | $ | - | $ | - | $ | 2,752 | |||||||||||
Securities available for sale | 50,764 | - | 50,764 | - | 50,764 | ||||||||||||||||
Securities held to maturity | 2,345 | - | 2,570 | - | 2,570 | ||||||||||||||||
Loans held for sale | 79 | 84 | 84 | ||||||||||||||||||
Loans receivable - net | 138,912 | - | - | 140,877 | 140,877 | ||||||||||||||||
Federal Home Loan Bank stock | 3,266 | - | 3,266 | - | 3,266 | ||||||||||||||||
Accrued interest receivable | 970 | - | 970 | - | 970 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Customer deposits | 158,350 | - | 159,335 | - | 159,335 | ||||||||||||||||
Federal Home Loan Bank advances | 26,358 | - | 26,493 | - | 26,493 | ||||||||||||||||
REPO sweep accounts | 3,183 | - | 3,183 | - | 3,183 | ||||||||||||||||
Accrued interest payable | 100 | - | 100 | - | 100 |
SECURITIES_Carrying_Value_and_
SECURITIES (Carrying Value and Estimated Fair Value of Securities) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Schedule of Investments [Line Items] | ' | ' |
Available for Sale, Amortized Cost | $50,410,000 | $49,633,000 |
Available for Sale, Gross Unrealized Gains | 612,000 | 1,185,000 |
Available for Sale, Gross Unrealized (Losses) | -741,000 | -54,000 |
Available for Sale, Market Value | 50,280,668 | 50,763,551 |
Held to Maturity, Amortized Cost | 2,305,000 | 2,345,000 |
Held to Maturity Securities, Gross Unrealized Gains | 145,000 | 225,000 |
Held to Maturity Securities, Gross Unrealized (Losses) | ' | ' |
Held to Maturity, Market Value | 2,450,000 | 2,570,000 |
U.S. Government and agency obligations [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 7,130,000 | 9,181,000 |
Available for Sale, Gross Unrealized Gains | 43,000 | 66,000 |
Available for Sale, Gross Unrealized (Losses) | -98,000 | ' |
Available for Sale, Market Value | 7,075,000 | 9,247,000 |
Municipal obligations [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 11,876,000 | 10,413,000 |
Available for Sale, Gross Unrealized Gains | 215,000 | 368,000 |
Available for Sale, Gross Unrealized (Losses) | -297,000 | -23,000 |
Available for Sale, Market Value | 11,794,000 | 10,758,000 |
Corporate bonds & other obligations [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 1,098,000 | 1,135,000 |
Available for Sale, Gross Unrealized Gains | 13,000 | 15,000 |
Available for Sale, Gross Unrealized (Losses) | ' | ' |
Available for Sale, Market Value | 1,111,000 | 1,150,000 |
Mortgage-backed securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 30,304,000 | 28,901,000 |
Available for Sale, Gross Unrealized Gains | 340,000 | 736,000 |
Available for Sale, Gross Unrealized (Losses) | -346,000 | -29,000 |
Available for Sale, Market Value | 30,298,000 | 29,608,000 |
Equity securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 2,000 | 3,000 |
Available for Sale, Gross Unrealized Gains | 1,000 | ' |
Available for Sale, Gross Unrealized (Losses) | ' | -2,000 |
Available for Sale, Market Value | $3,000 | $1,000 |
SECURITIES_Amortized_Cost_and_
SECURITIES (Amortized Cost and Estimated Market Value of Securities by Contract Maturity) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Investments Classified By Contractual Maturity Date [Line Items] | ' | ' |
Available for Sale amortized cost, Due in one year or less | $2,076,000 | ' |
Available for Sale amortized cost, Due after one year through five years | 11,042,000 | ' |
Available for Sale amortized cost, Due in five year through ten years | 6,740,000 | ' |
Available for Sale amortized cost, Due after ten years | 246,000 | ' |
Available for Sale amortized cost, Subtotal | 20,104,000 | ' |
Available for Sale, Amortized Cost | 50,410,000 | 49,633,000 |
Held to Maturity, Due in one year or less | 90,000 | ' |
Held to Maturity amortized cost, Due after one year through five years | 1,615,000 | ' |
Held to Maturity amortized cost, Due in five year through ten years | 300,000 | ' |
Held to Maturity amortized cost, Due after ten years | 300,000 | ' |
Held to Maturity, Amortized cost | 2,305,000 | 2,345,000 |
Available for sale market value, Due in one year or less | 2,086,000 | ' |
Available for sale market value, Due after one year through five years | 11,153,000 | ' |
Available for sale market value, Due in five year through ten years | 6,451,000 | ' |
Available for sale market value, Due after ten years | 290,000 | ' |
Available for sale market value, Subtotal | 19,980,000 | ' |
Available for Sale, Market Value | 50,280,668 | 50,763,551 |
Held to maturity market value, Due in one year or less | 91,000 | ' |
Held to maturity market value, Due after one year through five years | 1,695,000 | ' |
Held to maturity market value, Due in five year through ten years | 332,000 | ' |
Held to maturity market value, Due after ten years | 332,000 | ' |
Held to Maturity, Market Value | 2,450,000 | 2,570,000 |
Equity Securities [Member] | ' | ' |
Investments Classified By Contractual Maturity Date [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 2,000 | 3,000 |
Available for Sale, Market Value | 3,000 | 1,000 |
Mortgage-backed securities [Member] | ' | ' |
Investments Classified By Contractual Maturity Date [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 30,304,000 | 28,901,000 |
Available for Sale, Market Value | $30,298,000 | $29,608,000 |
SECURITIES_Additional_Informat
SECURITIES (Additional Information) (Details) (USD $) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
SECURITIES [Abstract] | ' | ' | ' |
Securities pledge as collateral, carrying value | $37,820,000 | ' | $44,135,000 |
Gross proceeds from sales of securities | 0 | 1,553,000 | ' |
Gross gains from sale of securities | 0 | 54,000 | ' |
Gross losses from sale of securities | 0 | 7,000 | ' |
Number of securities with unrealized losses twelve months or longer | 5 | ' | 2 |
Fair value of securities with unrealized losses twelve months or longer | 3,128,000 | ' | 1,688,000 |
Unrealized losses twelve months or longer | 87,000 | ' | 18,000 |
Number of securities with unrealized losses less than twelve months | 26 | ' | 7 |
Fair value of securities with unrealized losses less than twelve months | 20,805,000 | ' | 4,262,000 |
Unrealized losses less than twelve months | $654,000 | ' | $36,000 |
SECURITIES_Summary_of_Temporar
SECURITIES (Summary of Temporarily Impaired Investments Impaired) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Investments Unrealized Gain Loss Positions [Line Items] | ' | ' |
Fair value of securities with unrealized losses less than twelve months | $20,805 | $4,262 |
Available-for-Sale, Gross Unrealized Losses less than 12 months | -654 | -36 |
Fair value of securities with unrealized losses twelve months or longer | 3,128 | 1,688 |
Available-for-Sale, Gross Unrealized Losses longer than 12 months | -87 | -18 |
Held-to-Maturity, Fair Value Unrealized Losses less than 12 months | ' | ' |
Held-to-Maturity, Gross Unrealized Losses less than 12 months | ' | ' |
Held-to-Maturity, Fair Value Unrealized Losses longer than 12 months | ' | ' |
Held-to-Maturity, Gross Unrealized Losses longer than 12 months | ' | ' |
U.S. Government and agency obligations [Member] | ' | ' |
Investments Unrealized Gain Loss Positions [Line Items] | ' | ' |
Fair value of securities with unrealized losses less than twelve months | 901 | ' |
Available-for-Sale, Gross Unrealized Losses less than 12 months | -98 | ' |
Fair value of securities with unrealized losses twelve months or longer | ' | ' |
Available-for-Sale, Gross Unrealized Losses longer than 12 months | ' | ' |
Municipal obligations [Member] | ' | ' |
Investments Unrealized Gain Loss Positions [Line Items] | ' | ' |
Fair value of securities with unrealized losses less than twelve months | 6,773 | 1,537 |
Available-for-Sale, Gross Unrealized Losses less than 12 months | -274 | -23 |
Fair value of securities with unrealized losses twelve months or longer | 953 | ' |
Available-for-Sale, Gross Unrealized Losses longer than 12 months | -23 | ' |
Mortgage-backed securities [Member] | ' | ' |
Investments Unrealized Gain Loss Positions [Line Items] | ' | ' |
Fair value of securities with unrealized losses less than twelve months | 13,131 | 2,725 |
Available-for-Sale, Gross Unrealized Losses less than 12 months | -282 | -13 |
Fair value of securities with unrealized losses twelve months or longer | 2,175 | 1,687 |
Available-for-Sale, Gross Unrealized Losses longer than 12 months | -64 | -16 |
Equity securities [Member] | ' | ' |
Investments Unrealized Gain Loss Positions [Line Items] | ' | ' |
Fair value of securities with unrealized losses less than twelve months | ' | ' |
Available-for-Sale, Gross Unrealized Losses less than 12 months | ' | ' |
Fair value of securities with unrealized losses twelve months or longer | ' | 1 |
Available-for-Sale, Gross Unrealized Losses longer than 12 months | ' | ($2) |
LOANS_Composition_of_Loan_Port
LOANS (Composition of Loan Portfolio by Loan Type) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
Composition Of Loan Portfolio [Line Items] | ' | ' | ' |
Gross loans | $140,098,000 | $140,982,000 | $140,371,000 |
Net deferred loan fees | -300,000 | -320,000 | ' |
Allowance for loan losses | -1,793,258 | -1,749,915 | ' |
Total loans, net | 138,005,242 | 138,911,989 | ' |
Residential mortgage [Member] | ' | ' | ' |
Composition Of Loan Portfolio [Line Items] | ' | ' | ' |
Gross loans | 64,244,000 | 66,539,000 | 65,552,000 |
Commercial loans, secured by real estate [Member] | ' | ' | ' |
Composition Of Loan Portfolio [Line Items] | ' | ' | ' |
Gross loans | 53,022,000 | 54,673,000 | ' |
Commercial loans, other [Member] | ' | ' | ' |
Composition Of Loan Portfolio [Line Items] | ' | ' | ' |
Gross loans | 12,429,000 | 8,102,000 | 8,414,000 |
Commercial Loans [Member] | ' | ' | ' |
Composition Of Loan Portfolio [Line Items] | ' | ' | ' |
Gross loans | 65,451,000 | 62,775,000 | ' |
Consumer loans, secured by real estate [Member] | ' | ' | ' |
Composition Of Loan Portfolio [Line Items] | ' | ' | ' |
Gross loans | 9,286,000 | 10,409,000 | 11,561,000 |
Consumer loans, other [Member] | ' | ' | ' |
Composition Of Loan Portfolio [Line Items] | ' | ' | ' |
Gross loans | 1,117,000 | 1,259,000 | ' |
Consumer loans [Member] | ' | ' | ' |
Composition Of Loan Portfolio [Line Items] | ' | ' | ' |
Gross loans | $10,403,000 | $11,668,000 | ' |
LOANS_Contractual_Aging_of_Rec
LOANS (Contractual Aging of Recorded Investment in Past Due Loans by Class of Loans) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days past due | $1,857 | $5,440 | ' |
60-89 Days past due | 1,897 | 1,341 | ' |
Greater than 90 days past due | 3,083 | 1,672 | ' |
Total past due | 6,837 | 8,453 | ' |
Current | 133,261 | 132,529 | ' |
Total financing receivables | 140,098 | 140,982 | 140,371 |
Recorded investment > 90 days and accruing | 85 | 67 | ' |
Commercial Real Estate - Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days past due | ' | ' | ' |
60-89 Days past due | ' | ' | ' |
Greater than 90 days past due | 173 | 173 | ' |
Total past due | 173 | 173 | ' |
Current | ' | 2,073 | ' |
Total financing receivables | 173 | 2,246 | ' |
Recorded investment > 90 days and accruing | ' | ' | ' |
Commercial Real Estate - Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days past due | 39 | 3,210 | ' |
60-89 Days past due | 1,305 | 540 | ' |
Greater than 90 days past due | 2,151 | 282 | ' |
Total past due | 3,495 | 4,032 | ' |
Current | 49,354 | 48,395 | ' |
Total financing receivables | 52,849 | 52,427 | ' |
Recorded investment > 90 days and accruing | ' | ' | ' |
Commercial - non real estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days past due | 66 | 113 | ' |
60-89 Days past due | 27 | ' | ' |
Greater than 90 days past due | ' | ' | ' |
Total past due | 93 | 113 | ' |
Current | 12,336 | 7,989 | ' |
Total financing receivables | 12,429 | 8,102 | 8,414 |
Recorded investment > 90 days and accruing | ' | ' | ' |
Consumer - Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days past due | 121 | 59 | ' |
60-89 Days past due | 13 | ' | ' |
Greater than 90 days past due | ' | 13 | ' |
Total past due | 134 | 72 | ' |
Current | 9,152 | 10,337 | ' |
Total financing receivables | 9,286 | 10,409 | 11,561 |
Recorded investment > 90 days and accruing | ' | ' | ' |
Consumer - Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days past due | ' | 11 | ' |
60-89 Days past due | ' | 5 | ' |
Greater than 90 days past due | ' | 6 | ' |
Total past due | ' | 22 | ' |
Current | 1,117 | 1,237 | ' |
Total financing receivables | 1,117 | 1,259 | ' |
Recorded investment > 90 days and accruing | ' | 6 | ' |
Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days past due | 1,631 | 2,047 | ' |
60-89 Days past due | 552 | 796 | ' |
Greater than 90 days past due | 759 | 1,198 | ' |
Total past due | 2,942 | 4,041 | ' |
Current | 61,302 | 62,498 | ' |
Total financing receivables | 64,244 | 66,539 | 65,552 |
Recorded investment > 90 days and accruing | $85 | $61 | ' |
LOANS_Additional_Information_D
LOANS (Additional Information) (Details) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Trouble debt restructuring, impaired loan | 2.4 |
Unsecured Debt [Member] | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Delinquency period | '90 days |
Secured Debt [Member] | Consumer loans [Member] | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Delinquency period | '120 days |
Secured Debt [Member] | Commercial Loans [Member] | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Delinquency period | '90 days |
LOANS_Risk_Category_of_Loans_b
LOANS (Risk Category of Loans by Class of Loans Based on Most Recent Analysis Performed) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | $140,098 | $140,982 | $140,371 |
Commercial Real Estate - Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 173 | 2,246 | ' |
Commercial Real Estate - Construction [Member] | Loan Grade One to Two [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | ' | ' | ' |
Commercial Real Estate - Construction [Member] | Loan Grade Three [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | ' | 615 | ' |
Commercial Real Estate - Construction [Member] | Loan Grade Four [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | ' | 1,458 | ' |
Commercial Real Estate - Construction [Member] | Loan Grade Five [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | ' | ' | ' |
Commercial Real Estate - Construction [Member] | Loan Grade Six [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 173 | 173 | ' |
Commercial Real Estate - Construction [Member] | Loan Grade Seven [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | ' | ' | ' |
Commercial Real Estate - Construction [Member] | Loan Grade Eight [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | ' | ' | ' |
Commercial Real Estate - Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 52,849 | 52,427 | ' |
Commercial Real Estate - Other [Member] | Loan Grade One to Two [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | ' | ' | ' |
Commercial Real Estate - Other [Member] | Loan Grade Three [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 15,822 | 13,895 | ' |
Commercial Real Estate - Other [Member] | Loan Grade Four [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 27,878 | 27,488 | ' |
Commercial Real Estate - Other [Member] | Loan Grade Five [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 5,468 | 2,712 | ' |
Commercial Real Estate - Other [Member] | Loan Grade Six [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 3,681 | 8,332 | ' |
Commercial Real Estate - Other [Member] | Loan Grade Seven [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | ' | ' | ' |
Commercial Real Estate - Other [Member] | Loan Grade Eight [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | ' | ' | ' |
Commercial loans, other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 12,429 | 8,102 | 8,414 |
Commercial loans, other [Member] | Loan Grade One to Two [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | ' | ' | ' |
Commercial loans, other [Member] | Loan Grade Three [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 5,954 | 2,376 | ' |
Commercial loans, other [Member] | Loan Grade Four [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 6,179 | 5,489 | ' |
Commercial loans, other [Member] | Loan Grade Five [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 106 | 37 | ' |
Commercial loans, other [Member] | Loan Grade Six [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 190 | 200 | ' |
Commercial loans, other [Member] | Loan Grade Seven [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | ' | ' | ' |
Commercial loans, other [Member] | Loan Grade Eight [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | ' | ' | ' |
LOANS_Risk_Category_of_Loans_b1
LOANS (Risk Category of Loans by Class Based on Most Recent Analysis Performed) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | $140,098 | $140,982 | $140,371 |
Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 64,244 | 66,539 | 65,552 |
Residential [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 63,089 | 64,668 | ' |
Residential [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 1,155 | 1,871 | ' |
Residential [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | ' | ' | ' |
Consumer - Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 9,286 | 10,409 | 11,561 |
Consumer - Real Estate [Member] | Performing [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 9,279 | 10,381 | ' |
Consumer - Real Estate [Member] | Nonperforming [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 7 | 28 | ' |
Consumer - Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 1,117 | 1,259 | ' |
Consumer - Other [Member] | Performing [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | 1,117 | 1,253 | ' |
Consumer - Other [Member] | Nonperforming [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Gross loans | ' | $6 | ' |
LOANS_Recorded_Investment_in_N
LOANS (Recorded Investment in Non-Accrual Loans by Class) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded investment in non-accrual loans | $3,402 | $4,863 |
Commercial Real Estate - Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded investment in non-accrual loans | 173 | 173 |
Commercial Real Estate - Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded investment in non-accrual loans | 2,151 | 2,851 |
Commercial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded investment in non-accrual loans | ' | ' |
Consumer - Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded investment in non-accrual loans | 7 | 28 |
Consumer - Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded investment in non-accrual loans | ' | 1 |
Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded investment in non-accrual loans | $1,071 | $1,810 |
LOANS_Impaired_Loans_Classifie
LOANS (Impaired Loans Classified as Troubled Debt Restructurings) (Details) (Troubled Debt Restructuring [Member], USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 2 | 4 | 4 |
Pre-modification outstanding recorded investments | $1,914 | $2,773 | $3,542 |
Post-modification outstanding recorded investment | 1,454 | 2,702 | 3,052 |
Commercial Real Estate - Construction [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | ' | ' | ' |
Pre-modification outstanding recorded investments | ' | ' | ' |
Post-modification outstanding recorded investment | ' | ' | ' |
Commercial Real Estate - Other [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | ' | 2 | ' |
Pre-modification outstanding recorded investments | ' | 2,442 | ' |
Post-modification outstanding recorded investment | ' | 2,434 | ' |
Consumer - Real Estate [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | ' | ' | ' |
Pre-modification outstanding recorded investments | ' | ' | ' |
Post-modification outstanding recorded investment | ' | ' | ' |
Commercial - non real estate [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 2 | ' | 4 |
Pre-modification outstanding recorded investments | 1,914 | ' | 3,542 |
Post-modification outstanding recorded investment | 1,454 | ' | 3,052 |
Residential [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | ' | 2 | ' |
Pre-modification outstanding recorded investments | ' | 331 | ' |
Post-modification outstanding recorded investment | ' | $268 | ' |
LOANS_Debt_Restructurings_Defa
LOANS (Debt Restructurings Defaulted) (Details) (Troubled Debt Restructuring [Member], USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | ' | 1 | 1 |
Recorded Investment | ' | $190 | $63 |
Commercial Real Estate - Construction [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | ' | ' | ' |
Recorded Investment | ' | ' | ' |
Commercial Real Estate - Other [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | ' | ' | 1 |
Recorded Investment | ' | ' | 63 |
Consumer - Real Estate [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | ' | ' | ' |
Recorded Investment | ' | ' | ' |
Commercial - non real estate [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | ' | ' | ' |
Recorded Investment | ' | ' | ' |
Residential [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | ' | 1 | ' |
Recorded Investment | ' | $190 | ' |
LOANS_Loans_Individually_Evalu
LOANS (Loans Individually Evaluated for Impairment by Class of Loans) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Commercial [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Unpaid Principal Balance, With no related allowance recorded | ' | ' | ' | ' | ' |
Recorded Investment, With no related allowance recorded | ' | ' | ' | ' | ' |
Related Allowance, With no related allowance recorded | ' | ' | ' | ' | ' |
Average Recorded Investment, With no related allowance recorded | ' | ' | ' | ' | ' |
Interest Income Recognized, With no related allowance recorded | ' | ' | ' | ' | ' |
Unpaid Principal Balance, With a specific allowance recorded | ' | ' | ' | ' | ' |
Recorded Investment, With a specific allowance recorded | ' | ' | ' | ' | ' |
Related Allowance, With a specific allowance recorded | ' | ' | ' | ' | ' |
Average Recorded Investment, With a specific allowance recorded | ' | ' | ' | ' | ' |
Interest Income Recognized, With a specific allowance recorded | ' | ' | ' | ' | ' |
Unpaid Principal Balance, total | ' | ' | ' | ' | ' |
Recorded Investment, total | ' | ' | ' | ' | ' |
Related Allowance, total | ' | ' | ' | ' | ' |
Average Recorded Investment, total | ' | ' | ' | ' | ' |
Interest Income Recognized, total | ' | ' | ' | ' | ' |
Commercial Real Estate - Construction [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Unpaid Principal Balance, With no related allowance recorded | 1,589 | ' | 1,589 | ' | 1,589 |
Recorded Investment, With no related allowance recorded | 173 | ' | 173 | ' | 173 |
Related Allowance, With no related allowance recorded | ' | ' | ' | ' | ' |
Average Recorded Investment, With no related allowance recorded | 173 | 173 | 173 | 173 | ' |
Interest Income Recognized, With no related allowance recorded | ' | ' | ' | ' | ' |
Unpaid Principal Balance, With a specific allowance recorded | ' | ' | ' | ' | ' |
Recorded Investment, With a specific allowance recorded | ' | ' | ' | ' | ' |
Related Allowance, With a specific allowance recorded | ' | ' | ' | ' | ' |
Average Recorded Investment, With a specific allowance recorded | ' | ' | ' | ' | ' |
Interest Income Recognized, With a specific allowance recorded | ' | ' | ' | ' | ' |
Unpaid Principal Balance, total | 1,589 | ' | 1,589 | ' | 1,589 |
Recorded Investment, total | 173 | ' | 173 | ' | 173 |
Related Allowance, total | ' | ' | ' | ' | ' |
Average Recorded Investment, total | 173 | 173 | 173 | 173 | ' |
Interest Income Recognized, total | ' | ' | ' | ' | ' |
Commercial Real Estate - Other [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Unpaid Principal Balance, With no related allowance recorded | 4,064 | ' | 4,064 | ' | 4,869 |
Recorded Investment, With no related allowance recorded | 4,064 | ' | 4,064 | ' | 4,535 |
Related Allowance, With no related allowance recorded | ' | ' | ' | ' | ' |
Average Recorded Investment, With no related allowance recorded | 4,189 | 3,206 | 4,065 | 3,309 | ' |
Interest Income Recognized, With no related allowance recorded | 56 | 35 | 148 | 107 | ' |
Unpaid Principal Balance, With a specific allowance recorded | 2,030 | ' | 2,030 | ' | 2,138 |
Recorded Investment, With a specific allowance recorded | 2,030 | ' | 2,030 | ' | 2,127 |
Related Allowance, With a specific allowance recorded | 510 | ' | 510 | ' | 101 |
Average Recorded Investment, With a specific allowance recorded | 2,030 | 2,167 | 2,030 | 2,175 | ' |
Interest Income Recognized, With a specific allowance recorded | ' | 20 | ' | 61 | ' |
Unpaid Principal Balance, total | 6,094 | ' | 6,094 | ' | 7,007 |
Recorded Investment, total | 6,094 | ' | 6,094 | ' | 6,662 |
Related Allowance, total | 510 | ' | 510 | ' | 101 |
Average Recorded Investment, total | 6,219 | 5,373 | 6,095 | 5,484 | ' |
Interest Income Recognized, total | 56 | 55 | 148 | 168 | ' |
Consumer - Real Estate [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Unpaid Principal Balance, With no related allowance recorded | 8 | ' | 8 | ' | 33 |
Recorded Investment, With no related allowance recorded | 7 | ' | 7 | ' | 28 |
Related Allowance, With no related allowance recorded | ' | ' | ' | ' | ' |
Average Recorded Investment, With no related allowance recorded | 9 | 29 | 7 | 31 | ' |
Interest Income Recognized, With no related allowance recorded | ' | ' | ' | ' | ' |
Unpaid Principal Balance, With a specific allowance recorded | ' | ' | ' | ' | ' |
Recorded Investment, With a specific allowance recorded | ' | ' | ' | ' | ' |
Related Allowance, With a specific allowance recorded | ' | ' | ' | ' | ' |
Average Recorded Investment, With a specific allowance recorded | ' | 96 | ' | 96 | ' |
Interest Income Recognized, With a specific allowance recorded | ' | ' | ' | ' | ' |
Unpaid Principal Balance, total | 8 | ' | 8 | ' | 33 |
Recorded Investment, total | 7 | ' | 7 | ' | 28 |
Related Allowance, total | ' | ' | ' | ' | ' |
Average Recorded Investment, total | 9 | 125 | 7 | 127 | ' |
Interest Income Recognized, total | ' | ' | ' | ' | ' |
Consumer - Other [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Unpaid Principal Balance, With no related allowance recorded | ' | ' | ' | ' | 1 |
Recorded Investment, With no related allowance recorded | ' | ' | ' | ' | 1 |
Related Allowance, With no related allowance recorded | ' | ' | ' | ' | ' |
Average Recorded Investment, With no related allowance recorded | ' | 3 | ' | 4 | ' |
Interest Income Recognized, With no related allowance recorded | ' | ' | ' | ' | ' |
Unpaid Principal Balance, With a specific allowance recorded | ' | ' | ' | ' | ' |
Recorded Investment, With a specific allowance recorded | ' | ' | ' | ' | ' |
Related Allowance, With a specific allowance recorded | ' | ' | ' | ' | ' |
Average Recorded Investment, With a specific allowance recorded | ' | ' | ' | ' | ' |
Interest Income Recognized, With a specific allowance recorded | ' | ' | ' | ' | ' |
Unpaid Principal Balance, total | ' | ' | ' | ' | 1 |
Recorded Investment, total | ' | ' | ' | ' | 1 |
Related Allowance, total | ' | ' | ' | ' | ' |
Average Recorded Investment, total | ' | 3 | ' | 4 | ' |
Interest Income Recognized, total | ' | ' | ' | ' | ' |
Residential [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Unpaid Principal Balance, With no related allowance recorded | 1,595 | ' | 1,595 | ' | 1,365 |
Recorded Investment, With no related allowance recorded | 1,169 | ' | 1,169 | ' | 1,194 |
Related Allowance, With no related allowance recorded | ' | ' | ' | ' | ' |
Average Recorded Investment, With no related allowance recorded | 1,296 | 1,657 | 1,170 | 1,666 | ' |
Interest Income Recognized, With no related allowance recorded | ' | ' | ' | ' | ' |
Unpaid Principal Balance, With a specific allowance recorded | 73 | ' | 73 | ' | 616 |
Recorded Investment, With a specific allowance recorded | 64 | ' | 64 | ' | 616 |
Related Allowance, With a specific allowance recorded | 21 | ' | 21 | ' | 141 |
Average Recorded Investment, With a specific allowance recorded | 64 | 45 | 64 | 45 | ' |
Interest Income Recognized, With a specific allowance recorded | ' | ' | ' | ' | ' |
Unpaid Principal Balance, total | 1,668 | ' | 1,668 | ' | 1,981 |
Recorded Investment, total | 1,233 | ' | 1,233 | ' | 1,810 |
Related Allowance, total | 21 | ' | 21 | ' | 141 |
Average Recorded Investment, total | 1,360 | 1,702 | 1,234 | 1,711 | ' |
Interest Income Recognized, total | ' | ' | ' | ' | ' |
LOANS_Activity_in_Allowance_fo
LOANS (Activity in Allowance for Loan and Lease Losses) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Allowance for credit losses: | ' | ' | ' | ' |
Beginning Balance | $1,691 | $1,773 | $1,750 | $1,518 |
Charge-offs | -63 | -341 | -535 | -1,072 |
Recoveries | 133 | 18 | 206 | 49 |
Provision | 32 | 234 | 372 | 1,189 |
Ending Balance | 1,793 | 1,684 | 1,793 | 1,684 |
Commercial Construction [Member] | ' | ' | ' | ' |
Allowance for credit losses: | ' | ' | ' | ' |
Beginning Balance | ' | ' | 64 | 10 |
Charge-offs | ' | ' | ' | ' |
Recoveries | ' | ' | ' | ' |
Provision | ' | 35 | -64 | 25 |
Ending Balance | ' | 35 | ' | 35 |
Commercial Real Estate [Member] | ' | ' | ' | ' |
Allowance for credit losses: | ' | ' | ' | ' |
Beginning Balance | 673 | 770 | 579 | 393 |
Charge-offs | ' | -138 | -85 | -265 |
Recoveries | 46 | 2 | 57 | 10 |
Provision | 87 | -13 | 255 | 483 |
Ending Balance | 806 | 621 | 806 | 621 |
Commercial - non real estate [Member] | ' | ' | ' | ' |
Allowance for credit losses: | ' | ' | ' | ' |
Beginning Balance | 79 | 40 | 69 | 53 |
Charge-offs | ' | ' | ' | ' |
Recoveries | ' | ' | ' | ' |
Provision | -9 | 36 | 1 | 23 |
Ending Balance | 70 | 76 | 70 | 76 |
Consumer - Real Estate [Member] | ' | ' | ' | ' |
Allowance for credit losses: | ' | ' | ' | ' |
Beginning Balance | 75 | 140 | 99 | 146 |
Charge-offs | -33 | -17 | -40 | -54 |
Recoveries | 2 | 6 | 34 | 14 |
Provision | 24 | 1 | -25 | 24 |
Ending Balance | 68 | 130 | 68 | 130 |
Consumer [Member] | ' | ' | ' | ' |
Allowance for credit losses: | ' | ' | ' | ' |
Beginning Balance | 25 | 15 | 33 | 46 |
Charge-offs | -1 | -20 | -13 | -29 |
Recoveries | ' | 3 | 5 | 8 |
Provision | -4 | 36 | -5 | 9 |
Ending Balance | 20 | 34 | 20 | 34 |
Residential [Member] | ' | ' | ' | ' |
Allowance for credit losses: | ' | ' | ' | ' |
Beginning Balance | 839 | 808 | 906 | 870 |
Charge-offs | -29 | -166 | -397 | -724 |
Recoveries | 85 | 7 | 110 | 17 |
Provision | -66 | 139 | 210 | 625 |
Ending Balance | 829 | 788 | 829 | 788 |
Unallocated Financing Receivables [Member] | ' | ' | ' | ' |
Allowance for credit losses: | ' | ' | ' | ' |
Beginning Balance | ' | ' | ' | ' |
Charge-offs | ' | ' | ' | ' |
Recoveries | ' | ' | ' | ' |
Provision | ' | ' | ' | ' |
Ending Balance | ' | ' | ' | ' |
LOANS_Loans_Individually_Evalu1
LOANS (Loans Individually Evaluated For Impairment) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Ending balance: individually evaluated for impairment | $531 | ' | $201 |
Ending balance: loans collectively evaluated for impairment | 1,262 | ' | 1,483 |
Ending balance: loans acquired with deteriorated credit quality | ' | ' | ' |
Financing Receivables | ' | ' | ' |
Gross loans | 140,098 | 140,982 | 140,371 |
Ending balance: individually evaluated for impairment | 7,507 | ' | 4,477 |
Ending balance: collectively evaluated for impairment | 132,591 | ' | 135,894 |
Ending balance: loans acquired with deteriorated credit quality | ' | ' | ' |
Commercial Construction [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Ending balance: individually evaluated for impairment | ' | ' | ' |
Ending balance: loans collectively evaluated for impairment | ' | ' | 35 |
Ending balance: loans acquired with deteriorated credit quality | ' | ' | ' |
Financing Receivables | ' | ' | ' |
Gross loans | 173 | ' | 487 |
Ending balance: individually evaluated for impairment | 173 | ' | 173 |
Ending balance: collectively evaluated for impairment | ' | ' | 314 |
Ending balance: loans acquired with deteriorated credit quality | ' | ' | ' |
Commercial Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Ending balance: individually evaluated for impairment | 510 | ' | 175 |
Ending balance: loans collectively evaluated for impairment | 296 | ' | 446 |
Ending balance: loans acquired with deteriorated credit quality | ' | ' | ' |
Financing Receivables | ' | ' | ' |
Gross loans | 52,849 | ' | 53,081 |
Ending balance: individually evaluated for impairment | 6,094 | ' | 2,573 |
Ending balance: collectively evaluated for impairment | 46,755 | ' | 50,508 |
Ending balance: loans acquired with deteriorated credit quality | ' | ' | ' |
Commercial - non real estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Ending balance: individually evaluated for impairment | ' | ' | ' |
Ending balance: loans collectively evaluated for impairment | 70 | ' | 76 |
Ending balance: loans acquired with deteriorated credit quality | ' | ' | ' |
Financing Receivables | ' | ' | ' |
Gross loans | 12,429 | 8,102 | 8,414 |
Ending balance: individually evaluated for impairment | ' | ' | ' |
Ending balance: collectively evaluated for impairment | 12,429 | ' | 8,414 |
Ending balance: loans acquired with deteriorated credit quality | ' | ' | ' |
Consumer Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Ending balance: individually evaluated for impairment | ' | ' | ' |
Ending balance: loans collectively evaluated for impairment | 68 | ' | 130 |
Ending balance: loans acquired with deteriorated credit quality | ' | ' | ' |
Financing Receivables | ' | ' | ' |
Gross loans | 9,286 | 10,409 | 11,561 |
Ending balance: individually evaluated for impairment | 7 | ' | 174 |
Ending balance: collectively evaluated for impairment | 9,279 | ' | 11,387 |
Ending balance: loans acquired with deteriorated credit quality | ' | ' | ' |
Consumer [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Ending balance: individually evaluated for impairment | ' | ' | 21 |
Ending balance: loans collectively evaluated for impairment | 20 | ' | 13 |
Ending balance: loans acquired with deteriorated credit quality | ' | ' | ' |
Financing Receivables | ' | ' | ' |
Gross loans | 1,117 | ' | 1,276 |
Ending balance: individually evaluated for impairment | ' | ' | 1 |
Ending balance: collectively evaluated for impairment | 1,117 | ' | 1,275 |
Ending balance: loans acquired with deteriorated credit quality | ' | ' | ' |
Residential [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Ending balance: individually evaluated for impairment | 21 | ' | 5 |
Ending balance: loans collectively evaluated for impairment | 808 | ' | 783 |
Ending balance: loans acquired with deteriorated credit quality | ' | ' | ' |
Financing Receivables | ' | ' | ' |
Gross loans | 64,244 | 66,539 | 65,552 |
Ending balance: individually evaluated for impairment | 1,233 | ' | 1,556 |
Ending balance: collectively evaluated for impairment | 63,011 | ' | 63,996 |
Ending balance: loans acquired with deteriorated credit quality | ' | ' | ' |
Unallocated Financing Receivables [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Ending balance: individually evaluated for impairment | ' | ' | ' |
Ending balance: loans collectively evaluated for impairment | ' | ' | ' |
Ending balance: loans acquired with deteriorated credit quality | ' | ' | ' |
Financing Receivables | ' | ' | ' |
Gross loans | ' | ' | ' |
Ending balance: individually evaluated for impairment | ' | ' | ' |
Ending balance: collectively evaluated for impairment | ' | ' | ' |
Ending balance: loans acquired with deteriorated credit quality | ' | ' | ' |
STOCKBASED_COMPENSATION_Additi
STOCK-BASED COMPENSATION (Additional Information) (Details) | 9 Months Ended |
Sep. 30, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Vesting period | '5 years |
Contractual term | '10 years |
Stock Option Plan 1996 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant of awards, authorized number of shares | 127,491 |
Stock Incentive Plan 2006 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant of awards, authorized number of shares | 242,740 |
Stock Incentive Plan 2006 [Member] | Stock Options [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant of awards, authorized number of shares | 173,386 |
Stock Incentive Plan 2006 [Member] | Restricted Stock [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant of awards, authorized number of shares | 69,354 |
Available for future grants | 5,304 |
STOCKBASED_COMPENSATION_Summar
STOCK-BASED COMPENSATION (Summary of Option Activity under Plan) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Shares | ' | ' |
Outstanding, Beginning balance | 167,620 | ' |
Granted | ' | ' |
Exercised | ' | ' |
Forfeited or expired | -4,900 | ' |
Outstanding, Ending balance | 162,720 | 167,620 |
Options Exercisable | 162,720 | ' |
Weighted-Average Exercise Price | ' | ' |
Outstanding, Beginning Balance | $9.53 | ' |
Forfeited or expired | $9.54 | ' |
Outstanding, Ending Balance | $9.53 | $9.53 |
Options Exercisable | $9.53 | ' |
Weighted Average Remaining Contractual Term | ' | ' |
Outstanding | '2 years 7 months 6 days | '3 years 4 months 24 days |
Options exercisable | '2 years 7 months 6 days | ' |
Aggregate intrinsic value | ' | ' |
Outstanding, Beginning Balance | ' | ' |
Outstanding, Ending Balance | ' | ' |
Options Exercisable | ' | ' |
Closing stock price | $4.43 | ' |
COMMITMENTS_TO_EXTEND_CREDIT_A
COMMITMENTS TO EXTEND CREDIT (Additional Information) (Details) (USD $) | Sep. 30, 2013 |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' |
Commitments to grant loans | $9,119,000 |
Loans outstanding commitments | 21,600,000 |
Unfunded commitments under lines of credit [Member] | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' |
Commitments to grant loans | 12,445,000 |
Commercial and standby letters of credit [Member] | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' |
Commitments to grant loans | $59,000 |
FAIR_VALUE_MEASUREMENTS_Assets
FAIR VALUE MEASUREMENTS (Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) (Available-for-sale Securities [Member], USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | $50,281 | $50,764 |
US Government and agency obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | 7,075 | 9,247 |
Municipal notes [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | 11,794 | 10,758 |
Corporate bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | 1,111 | 1,150 |
Mortgage-backed securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | 30,298 | 29,608 |
Equity securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | 3 | 1 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | US Government and agency obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Municipal notes [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Corporate bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Mortgage-backed securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | 50,281 | 50,764 |
Significant Other Observable Inputs (Level 2) [Member] | US Government and agency obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | 7,075 | 9,247 |
Significant Other Observable Inputs (Level 2) [Member] | Municipal notes [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | 11,794 | 10,758 |
Significant Other Observable Inputs (Level 2) [Member] | Corporate bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | 1,111 | 1,150 |
Significant Other Observable Inputs (Level 2) [Member] | Mortgage-backed securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | 30,298 | 29,608 |
Significant Other Observable Inputs (Level 2) [Member] | Equity securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | 3 | 1 |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | US Government and agency obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | Municipal notes [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | Corporate bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | Mortgage-backed securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | Equity securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure recurring, assets | ' | ' |
FAIR_VALUE_MEASUREMENTS_Assets1
FAIR VALUE MEASUREMENTS (Assets Measured at Fair Value on Nonrecurring Basis) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Impaired loans accounted for under FASB ASC 310-10 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure non-recurring, assets | $6,267 | $6,835 |
Other real estate owned -residential mortgages [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure non-recurring, assets | 279 | 947 |
Commercial Real Estate - Other [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure non-recurring, assets | 939 | 319 |
Other repossessed assets [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure non-recurring, assets | 1,023 | 1,121 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Impaired loans accounted for under FASB ASC 310-10 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure non-recurring, assets | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Other real estate owned -residential mortgages [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure non-recurring, assets | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Commercial Real Estate - Other [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure non-recurring, assets | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Other repossessed assets [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure non-recurring, assets | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | Impaired loans accounted for under FASB ASC 310-10 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure non-recurring, assets | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | Other real estate owned -residential mortgages [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure non-recurring, assets | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | Commercial Real Estate - Other [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure non-recurring, assets | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | Other repossessed assets [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure non-recurring, assets | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure non-recurring, assets | 8,508 | 9,222 |
Significant Unobservable Inputs (Level 3) [Member] | Impaired loans accounted for under FASB ASC 310-10 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure non-recurring, assets | 6,267 | 6,835 |
Significant Unobservable Inputs (Level 3) [Member] | Other real estate owned -residential mortgages [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure non-recurring, assets | 279 | 947 |
Significant Unobservable Inputs (Level 3) [Member] | Commercial Real Estate - Other [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure non-recurring, assets | 939 | 319 |
Significant Unobservable Inputs (Level 3) [Member] | Other repossessed assets [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items] | ' | ' |
Fair value disclosure non-recurring, assets | $1,023 | $1,121 |
FAIR_VALUE_MEASUREMENTS_Estima
FAIR VALUE MEASUREMENTS (Estimated Fair Values and Related Carrying or Notional Amounts of Financial Instruments) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Financial assets: | ' | ' |
Securities AFS | $50,280,668 | $50,763,551 |
Securities held to maturity | 2,450,000 | 2,570,000 |
Level 1 [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 3,537,000 | 2,752,000 |
Securities AFS | ' | ' |
Securities held to maturity | ' | ' |
Loans held for sale | ' | ' |
Loans receivable - net | ' | ' |
Federal Home Loan Bank stock | ' | ' |
Accrued interest receivable | ' | ' |
Financial liabilities: | ' | ' |
Customer deposits | ' | ' |
Federal Home Loan Bank advances | ' | ' |
REPO sweep accounts | ' | ' |
Accrued interest payable | ' | ' |
Level 2 [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | ' | ' |
Securities AFS | 50,281,000 | 50,764,000 |
Securities held to maturity | 2,450,000 | 2,570,000 |
Loans held for sale | ' | ' |
Loans receivable - net | ' | ' |
Federal Home Loan Bank stock | 3,226,000 | 3,266,000 |
Accrued interest receivable | 953,000 | 970,000 |
Financial liabilities: | ' | ' |
Customer deposits | 159,885,000 | 159,335,000 |
Federal Home Loan Bank advances | 24,651,000 | 26,493,000 |
REPO sweep accounts | 5,560,000 | 3,183,000 |
Accrued interest payable | 100,000 | 100,000 |
Level 3 [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | ' | ' |
Securities AFS | ' | ' |
Securities held to maturity | ' | ' |
Loans held for sale | 974,000 | 84,000 |
Loans receivable - net | 137,759,000 | 140,877,000 |
Federal Home Loan Bank stock | ' | ' |
Accrued interest receivable | ' | ' |
Financial liabilities: | ' | ' |
Customer deposits | ' | ' |
Federal Home Loan Bank advances | ' | ' |
REPO sweep accounts | ' | ' |
Accrued interest payable | ' | ' |
Carrying Value [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 3,537,000 | 2,752,000 |
Securities AFS | 50,281,000 | 50,764,000 |
Securities held to maturity | 2,305,000 | 2,345,000 |
Loans held for sale | 974,000 | 79,000 |
Loans receivable - net | 138,005,000 | 138,912,000 |
Federal Home Loan Bank stock | 3,226,000 | 3,266,000 |
Accrued interest receivable | 953,000 | 970,000 |
Financial liabilities: | ' | ' |
Customer deposits | 158,054,000 | 158,350,000 |
Federal Home Loan Bank advances | 25,016,000 | 26,358,000 |
REPO sweep accounts | 5,560,000 | 3,183,000 |
Accrued interest payable | 100,000 | 100,000 |
Total Estimated Fair Value [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 3,537,000 | 2,752,000 |
Securities AFS | 50,281,000 | 50,764,000 |
Securities held to maturity | 2,450,000 | 2,570,000 |
Loans held for sale | 974,000 | 84,000 |
Loans receivable - net | 137,759,000 | 140,877,000 |
Federal Home Loan Bank stock | 3,226,000 | 3,266,000 |
Accrued interest receivable | 953,000 | 970,000 |
Financial liabilities: | ' | ' |
Customer deposits | 159,885,000 | 159,335,000 |
Federal Home Loan Bank advances | 24,651,000 | 26,493,000 |
REPO sweep accounts | 5,560,000 | 3,183,000 |
Accrued interest payable | $100,000 | $100,000 |