Document_And_Entity_Informatio
Document And Entity Information | 6 Months Ended | |
Jun. 30, 2014 | Jul. 31, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Jun-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Trading Symbol | 'BSRR | ' |
Entity Common Stock, Shares Outstanding | ' | 13,970,266 |
Entity Registrant Name | 'SIERRA BANCORP | ' |
Entity Central Index Key | '0001130144 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $44,796 | $51,342 |
Interest-bearing deposits in banks | 4,028 | 26,664 |
Total cash & cash equivalents | 48,824 | 78,006 |
Investment securities available for sale | 459,744 | 425,044 |
Loans held-for-sale | ' | 105 |
Loans and leases: | ' | ' |
Gross loans and leases | 893,041 | 803,242 |
Allowance for loan and lease losses | -11,634 | -11,677 |
Deferred loan and lease fees, net | 1,393 | 1,522 |
Net loans and leases | 882,800 | 793,087 |
Premises and equipment, net | 20,794 | 20,393 |
Foreclosed assets | 4,498 | 8,185 |
Goodwill | 5,544 | 5,544 |
Other assets | 75,835 | 79,885 |
TOTAL ASSETS | 1,498,039 | 1,410,249 |
Deposits: | ' | ' |
Non-interest bearing | 351,757 | 365,997 |
Interest bearing | 894,370 | 808,182 |
Total deposits | 1,246,127 | 1,174,179 |
Federal funds purchased and repurchase agreements | 6,094 | 5,974 |
Short-term borrowings | 7,750 | ' |
Long-term borrowings | ' | ' |
Junior subordinated debentures | 30,928 | 30,928 |
Other liabilities | 20,218 | 17,494 |
TOTAL LIABILITIES | 1,311,117 | 1,228,575 |
SHAREHOLDERS' EQUITY | ' | ' |
Common stock, no par value; 24,000,000 shares authorized; 14,009,139 and 14,179,439 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively | 65,310 | 65,780 |
Additional paid in capital | 2,539 | 2,648 |
Retained earnings | 115,580 | 112,817 |
Accumulated other comprehensive income | 3,493 | 429 |
TOTAL SHAREHOLDERS' EQUITY | 186,922 | 181,674 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $1,498,039 | $1,410,249 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
CONSOLIDATED BALANCE SHEETS [Abstract] | ' | ' |
Common stock, no par value | $0 | $0 |
Common stock, shares authorized | 24,000,000 | 24,000,000 |
Common stock, shares issued | 14,009,139 | 14,179,439 |
Common stock, shares outstanding | 14,009,139 | 14,179,439 |
CONSOLIDATED_STATEMENTS_OF_INC
CONSOLIDATED STATEMENTS OF INCOME (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Interest income: | ' | ' | ' | ' |
Interest and fees on loans | $11,057,000 | $11,368,000 | $21,408,000 | $22,275,000 |
Interest on investment securities: | ' | ' | ' | ' |
Taxable | 1,876,000 | 1,034,000 | 3,701,000 | 2,196,000 |
Tax-exempt | 733,000 | 672,000 | 1,474,000 | 1,291,000 |
Interest on federal funds sold and interest-bearing deposits | 16,000 | 16,000 | 51,000 | 44,000 |
Total interest income | 13,682,000 | 13,090,000 | 26,634,000 | 25,806,000 |
Interest expense: | ' | ' | ' | ' |
Interest on deposits | 553,000 | 628,000 | 1,111,000 | 1,288,000 |
Interest on short-term borrowings | 4,000 | 8,000 | 9,000 | 12,000 |
Interest on long-term borrowings | ' | ' | ' | 33,000 |
Interest on mandatorily redeemable trust preferred securities | 175,000 | 179,000 | 349,000 | 356,000 |
Total interest expense | 732,000 | 815,000 | 1,469,000 | 1,689,000 |
Net Interest Income | 12,950,000 | 12,275,000 | 25,165,000 | 24,117,000 |
Provision for loan losses | 200,000 | 450,000 | 350,000 | 2,050,000 |
Net Interest Income after Provision for Loan Losses | 12,750,000 | 11,825,000 | 24,815,000 | 22,067,000 |
Non-interest income: | ' | ' | ' | ' |
Service charges on deposit accounts | 2,039,000 | 2,215,000 | 3,925,000 | 4,288,000 |
Gains on investment securities available-for-sale | 183,000 | ' | 287,000 | 6,000 |
Other income, net | 1,796,000 | 1,807,000 | 3,513,000 | 3,844,000 |
Total non-interest income | 4,018,000 | 4,022,000 | 7,725,000 | 8,138,000 |
Non-interest expense: | ' | ' | ' | ' |
Salaries and employee benefits | 5,328,000 | 5,403,000 | 11,313,000 | 11,323,000 |
Occupancy expense | 1,532,000 | 1,596,000 | 3,037,000 | 3,147,000 |
Other | 4,148,000 | 3,718,000 | 7,386,000 | 8,068,000 |
Total non-interest expense | 11,008,000 | 10,717,000 | 21,736,000 | 22,538,000 |
Income before income taxes | 5,760,000 | 5,130,000 | 10,804,000 | 7,667,000 |
Provision for income taxes | 1,523,000 | 1,331,000 | 2,768,000 | 1,535,000 |
Net Income | 4,237,000 | 3,799,000 | 8,036,000 | 6,132,000 |
PER SHARE DATA | ' | ' | ' | ' |
Book value | $13.34 | $12.38 | $13.34 | $12.38 |
Cash dividends | $0.08 | $0.06 | $0.16 | $0.12 |
Earnings per share basic | $0.30 | $0.27 | $0.57 | $0.43 |
Earnings per share diluted | $0.30 | $0.27 | $0.56 | $0.43 |
Average shares outstanding, basic | 14,086,939 | 14,128,146 | 14,157,103 | 14,120,865 |
Average shares outstanding, diluted | 14,212,532 | 14,227,335 | 14,291,359 | 14,211,910 |
Total shareholder equity (in thousands) | 186,922,000 | 175,171,000 | 186,922,000 | 175,171,000 |
Shares outstanding | 14,009,139 | 14,144,439 | 14,009,139 | 14,144,439 |
Dividends Paid | $1,137,910 | $847,358 | $2,267,656 | $1,694,024 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) | 3 Months Ended | 6 Months Ended | ||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | ||||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract] | ' | ' | ' | ' | ||||
Net Income | $4,237 | $3,799 | $8,036 | $6,132 | ||||
Unrealized gains on securities: | ' | ' | ' | ' | ||||
Unrealized holding gains (losses) arising during period | 3,927 | -6,157 | 5,493 | -6,242 | ||||
Less: reclassification adjustment for gains included in net income | -183 | [1] | ' | [1] | -287 | [1] | -6 | [1] |
Other comprehensive income (loss), before tax | 3,744 | -6,157 | 5,206 | -6,248 | ||||
Income tax expense related to items of other comprehensive (loss) income, net of tax | -1,540 | 2,534 | -2,142 | 2,571 | ||||
Other comprehensive income (loss) | 2,204 | -3,623 | 3,064 | -3,677 | ||||
Comprehensive Income | $6,441 | $176 | $11,100 | $2,455 | ||||
[1] | Amounts are included in net gains on investment securities available-for-sale on the Consolidated Statements of Income in non-interest revenue. Income tax expense associated with the reclassification adjustment for the quarters ended June 30, 2014 and 2013 was $75 thousand and zero, respectively. Income tax expense associated with the reclassification adjustment for the six months ended June 30, 2014 and 2013 was $118 thousand and $2 thousand, respectively. |
CONSOLIDATED_STATEMENTS_OF_COM1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract] | ' | ' | ' | ' |
Investment securities available-for-sale on Income tax expense associated with reclassification adjustment | $75 | ' | $118 | $2 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 6 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
Cash flows from operating activities: | ' | ' |
Net income | $8,036,000 | $6,132,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Gain on sales of securities | -287,000 | -6,000 |
Gain on sales of loans | -3,000 | -68,000 |
Gain on disposal of fixed assets | ' | -15,000 |
(Gain) loss on sale on foreclosed assets | -469,000 | 269,000 |
Writedowns on foreclosed assets | 223,000 | 188,000 |
Share-based compensation expense | 33,000 | 150,000 |
Provision for loan losses | 350,000 | 2,050,000 |
Depreciation | 1,038,000 | 1,151,000 |
Net amortization on securities premiums and discounts | 3,285,000 | 4,337,000 |
Increase in unearned net loan fees | -129,000 | -81,000 |
Increase in cash surrender value of life insurance policies | -806,000 | -933,000 |
Proceeds from sales of loans portfolio | 108,000 | 2,288,000 |
Increase in loans held-for-sale | ' | -2,533,000 |
Decrease in interest receivable and other assets | 2,071,000 | 3,641,000 |
Decrease (increase) in other liabilites | 2,724,000 | -633,000 |
Net (Increase) decrease in FHLB stock | -190,000 | 438,000 |
Deferred income tax provision | 833,000 | 8,000 |
Excess tax benefit from equity based compensation | ' | -103,000 |
Net cash provided by operating activities | 16,817,000 | 16,280,000 |
Cash flows from investing activities: | ' | ' |
Maturities of securities available for sale | 450,000 | 439,000 |
Proceeds from sales/calls of securities available for sale | 9,210,000 | 1,221,000 |
Purchases of securities available for sale | -78,426,000 | -77,966,000 |
Principal pay downs on securities available for sale | 36,274,000 | 52,339,000 |
Net (increase) decrease in loans receivable, net | -90,117,000 | 63,776,000 |
Purchases of premises and equipment, net | -1,439,000 | -226,000 |
Proceeds from sales of foreclosed assets | 4,116,000 | 10,546,000 |
Net cash (used in) provided by investing activities | -119,932,000 | 50,129,000 |
Cash flows from financing activities: | ' | ' |
Increase (decrease) in deposits | 71,948,000 | -19,019,000 |
Increase (decrease) in borrowed funds | 7,750,000 | -41,650,000 |
Increase in Fed funds purchased | ' | 544,000 |
Increase in repurchase agreements | 120,000 | ' |
Cash dividends paid | -2,267,656 | -1,694,024 |
Repurchases of common stock | -4,281,000 | ' |
Stock options exercised | 664,000 | 471,000 |
Excess tax benefit from equity based compensation | ' | 103,000 |
Net cash provided by (used in) financing activities | 73,933,000 | -61,245,000 |
(Decrease) increase in cash and due from banks | -29,182,000 | 5,164,000 |
Cash and cash equivalents | ' | ' |
Beginning of period | 78,006,000 | 61,818,000 |
End of period | $48,824,000 | $66,982,000 |
The_Business_of_Sierra_Bancorp
The Business of Sierra Bancorp | 6 Months Ended |
Jun. 30, 2014 | |
The Business of Sierra Bancorp [Abstract] | ' |
The Business of Sierra Bancorp | ' |
Note 1 - The Business of Sierra Bancorp | |
Sierra Bancorp (the "Company") is a California corporation headquartered in Porterville, California, and is a registered bank holding company under federal banking laws. The Company was formed to serve as the holding company for Bank of the Sierra (the "Bank"), and has been the Bank's sole shareholder since August 2001. The Company exists primarily for the purpose of holding the stock of the Bank and of such other subsidiaries it may acquire or establish. At the present time, the Company's only other subsidiaries are Sierra Statutory Trust II and Sierra Capital Trust III, which were formed in March 2004 and June 2006, respectively, solely to facilitate the issuance of capital trust pass-through securities (TRUPS). Pursuant to the Financial Accounting Standards Board's (FASB's) standard on the consolidation of variable interest entities, these trusts are not reflected on a consolidated basis in the Company's financial statements. References herein to the "Company" include Sierra Bancorp and its consolidated subsidiary, the Bank, unless the context indicates otherwise. | |
The Bank is a California state-chartered bank headquartered in Porterville, California, that offers a full range of retail and commercial banking services primarily to communities in the central and southern regions of the San Joaquin Valley. Our branch footprint stretches from Fresno on the north to Bakersfield on the south, and on the southern end extends east through the Tehachapi plateau and into the northwestern tip of the Mojave Desert. The Bank was incorporated in September 1977 and opened for business in January 1978, and in the ensuing years has grown to be the largest independent bank headquartered in the South San Joaquin Valley. Our growth has primarily been organic, but includes the acquisition of Sierra National Bank in 2000. We currently operate 25 full service branch offices throughout our geographic footprint, as well as an internet branch which provides the ability to open deposit accounts online. In addition to our full-service branches the Bank has a real estate industries group, an agricultural credit division, an SBA lending unit, and offsite ATMs at six different non-branch locations. The Bank's deposit accounts are insured by the Federal Deposit Insurance Corporation (FDIC) up to maximum insurable amounts. | |
Basis_of_Presentation
Basis of Presentation | 6 Months Ended |
Jun. 30, 2014 | |
Basis Of Presentation [Abstract] | ' |
Basis of Presentation | ' |
Note 2 - Basis of Presentation | |
The accompanying unaudited consolidated financial statements have been prepared in a condensed format, and therefore do not include all of the information and footnotes required by US generally accepted accounting principles (GAAP) for complete financial statements. The information furnished in these interim statements reflects all adjustments that are, in the opinion of management, necessary for a fair statement of the results for such period. Such adjustments are of a normal recurring nature, unless otherwise disclosed in this Form 10-Q. In preparing the accompanying consolidated financial statements, management has taken subsequent events into consideration and recognized them where appropriate. The results of operations in the interim statements are not necessarily indicative of the results that may be expected for any other quarter, or for the full year. Certain amounts reported for 2013 have been reclassified to be consistent with the reporting for 2014. The interim financial information should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2013, as filed with the Securities and Exchange Commission. | |
Current_Accounting_Development
Current Accounting Developments | 6 Months Ended |
Jun. 30, 2014 | |
Current Accounting Developments [Abstract] | ' |
Current Accounting Developments | ' |
Note 3 - Current Accounting Developments | |
In January 2014, the FASB issued Accounting Standards Update (ASU) 2014-01, Investments-Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects, to provide additional flexibility with regard to accounting for investments in qualified affordable housing projects. ASU 2014-01 modifies the conditions that must be met to present the pretax impact and related tax benefits of such investments as a component of income taxes ("net" within income tax expense), to enable more investors to elect to use a "net" presentation for those investments. Investors that do not qualify for "net" presentation under the new guidance will continue to account for such investments under the equity method or cost method, which results in losses recognized in pretax income and tax benefits recognized in income taxes ("gross" presentation of investment results). For investments that qualify for the "net" presentation of investment performance, ASU 2014-01 introduces a "proportional amortization method" that can be elected to amortize the investment basis. If elected, the method is required for all eligible investments in qualified affordable housing projects. ASU 2014-01 also requires enhanced recurring disclosures for all investments in qualified affordable housing projects, regardless of the accounting method used for those investments. It is effective for interim and annual periods beginning after December 15, 2014, and early adoption is permitted. The Company currently expects to adopt ASU 2014-01 as of the first quarter of 2015. We will likely continue to account for our low-income housing tax credit investments using the equity method subsequent to our adoption of ASU 2014-01 and thus do not expect any impact on our income statement or balance sheet, but our disclosures with regard to low-income housing tax credit investments will be updated to reflect the new requirements. | |
In January 2014, the FASB issued ASU 2014-04, Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure, to resolve diversity in practice with respect to a creditor's reclassification of a collateralized consumer mortgage loan to other real estate owned (OREO). Current US GAAP requires a loan to be reclassified to OREO upon a troubled debt restructuring that is "in substance a repossession or foreclosure", where the creditor receives "physical possession" of the debtor's assets regardless of whether formal foreclosure proceedings take place. The terms "in substance a repossession or foreclosure" and "physical possession" are not defined in US GAAP; therefore, questions have arisen about when a creditor should reclassify a collateralized mortgage loan to OREO. ASU 2014-04 requires a creditor to reclassify a collateralized consumer mortgage loan to real estate property upon obtaining legal title to the real estate collateral, or when the borrower voluntarily conveys all interest in the real estate property to the lender to satisfy the loan through a deed in lieu of foreclosure or similar legal agreement. ASU 2014-04 is effective for public business entities for interim and annual periods beginning after December 15, 2014. It will be adopted by the Company for the first quarter of 2015, and we do not expect any impact upon our financial statements or operations upon adoption. | |
Supplemental_Disclosure_of_Cas
Supplemental Disclosure of Cash Flow Information | 6 Months Ended |
Jun. 30, 2014 | |
Supplemental Disclosure of Cash Flow Information [Abstract] | ' |
Supplemental Disclosure of Cash Flow Information | ' |
Note 4 - Supplemental Disclosure of Cash Flow Information | |
During the six months ended June 30, 2014 and 2013, cash paid for interest due on interest-bearing liabilities was $1.502 million and $1.794 million, respectively. There was $160,000 in cash paid for income taxes during the six months ended June 30, 2014, but no cash paid for income taxes for the six months ended June 30, 2013. Assets totaling $184,000 and $2.622 million were acquired in settlement of loans for the six months ended June 30, 2014 and June 30, 2013, respectively. We received $4.116 million in cash from the sale of foreclosed assets during the first six months of 2014 relative to $10.156 million during the first six months of 2013, which represents sales proceeds less loans extended to finance such sales. | |
Share_Based_Compensation
Share Based Compensation | 6 Months Ended |
Jun. 30, 2014 | |
Share Based Compensation [Abstract] | ' |
Share Based Compensation | ' |
Note 5 - Share Based Compensation | |
The 2007 Stock Incentive Plan (the "2007 Plan") was adopted by the Company in 2007. Our 1998 Stock Option Plan (the "1998 Plan") was concurrently terminated, although options to purchase 123,950 shares that were granted under the 1998 Plan were still outstanding as of June 30, 2014 and remain unaffected by that plan's termination. The 2007 Plan provides for the issuance of both "incentive" and "nonqualified" stock options to officers and employees, and of "nonqualified" stock options to non-employee directors of the Company. The 2007 Plan also provides for the potential issuance of restricted stock awards to these same classes of eligible participants, on such terms and conditions as are established at the discretion of the Board of Directors or the Compensation Committee. The total number of shares of the Company's authorized but unissued stock reserved for issuance pursuant to awards under the 2007 Plan was initially 1,500,000 shares, although the number remaining available for grant as of June 30, 2014 was 829,920. The dilutive impact of stock options outstanding is discussed below in Note 6, Earnings per Share. No restricted stock awards have been issued by the Company. | |
Pursuant to FASB's standards on stock compensation, the value of each option granted is reflected in our income statement as employee compensation or directors' expense by amortizing the value over the vesting period of such option or by expensing it as of the grant date for immediately vested options. The Company is utilizing the Black-Scholes model to value stock options, and the "multiple option" approach is used to allocate the resulting valuation to actual expense. Under the multiple option approach an employee's options for each vesting period are separately valued and amortized, which appears to be the preferred method for option grants with graded vesting. A pre-tax charge of $21,000 was reflected in the Company's income statement during the second quarter of 2014 and $57,000 was charged during the second quarter of 2013, as expense related to stock options. For the first half, the charges totaled $33,000 in 2014 and $151,000 in 2013. | |
Earnings_per_Share
Earnings per Share | 6 Months Ended |
Jun. 30, 2014 | |
Earnings per Share [Abstract] | ' |
Earnings per Share | ' |
Note 6 - Earnings per Share | |
The computation of earnings per share, as presented in the Consolidated Statements of Income, is based on the weighted average number of shares outstanding during each period. There were 14,086,939 weighted average shares outstanding during the second quarter of 2014, and 14,128,146 during the second quarter of 2013. There were 14,157,103 weighted average shares outstanding during the first six months of 2014, and 14,120,865 during the first six months of 2013. | |
Diluted earnings per share include the effect of the potential issuance of common shares, which for the Company is limited to shares that would be issued on the exercise of "in-the-money" stock options. The dilutive effect of options outstanding was calculated using the treasury stock method, excluding anti-dilutive shares and adjusting for unamortized expense and windfall tax benefits. For the second quarter and first six months of 2014 the dilutive effect of options outstanding calculated under the treasury stock method totaled 125,593 and 134,256, respectively, which were added to basic weighted average shares outstanding for purposes of calculating diluted earnings per share. Likewise, for the second quarter and first six months of 2013 shares totaling 99,189 and 91,045, respectively, were added to basic weighted average shares outstanding in order to calculate diluted earnings per share. | |
Comprehensive_Income
Comprehensive Income | 6 Months Ended |
Jun. 30, 2014 | |
Comprehensive Income [Abstract] | ' |
Comprehensive Income | ' |
Note 7 - Comprehensive Income | |
As presented in the Consolidated Statements of Comprehensive Income, comprehensive income includes net income and other comprehensive income. The Company's only source of other comprehensive income is unrealized gains and losses on available-for-sale investment securities. Gains or losses on investment securities that were realized and included in net income of the current period, which had previously been included in other comprehensive income as unrealized holding gains or losses in the period in which they arose, are considered to be reclassification adjustments that are excluded from other comprehensive income in the current period. | |
Financial_Instruments_with_Off
Financial Instruments with Off-Balance-Sheet Risk | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Financial Instruments with Off-Balance-Sheet Risk [Abstract] | ' | ||||||||
Financial Instruments with Off-Balance-Sheet Risk | ' | ||||||||
Note 8 - Financial Instruments with Off-Balance-Sheet Risk | |||||||||
The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business, in order to meet the financing needs of its customers. Those financial instruments consist of unused commitments to extend credit and standby letters of credit. They involve, to varying degrees, elements of risk in excess of the amount recognized in the balance sheet. The Company's exposure to credit loss in the event of nonperformance by counterparties for commitments to extend credit and letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and issuing letters of credit as it does for originating loans included on the balance sheet. The following financial instruments represent off-balance-sheet credit risk (dollars in thousands): | |||||||||
June 30, 2014 | December 31, 2013 | ||||||||
Commitments to extend credit | $ | 386,378 | $ | 420,707 | |||||
Standby letters of credit | $ | 8,884 | $ | 8,703 | |||||
Commercial letters of credit | $ | 8,069 | $ | 8,070 | |||||
Commitments to extend credit consist primarily of the unused or unfunded portions of the following: home equity lines of credit; commercial real estate construction loans, where disbursements are made over the course of construction; commercial revolving lines of credit; mortgage warehouse lines of credit; unsecured personal lines of credit; and formalized (disclosed) deposit account overdraft lines. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many commitments are expected to expire without being drawn upon, the unused portions of committed amounts do not necessarily represent future cash requirements. | |||||||||
Standby letters of credit are generally unsecured and are issued by the Company to guarantee the performance of a customer to a third party, while commercial letters of credit represent the Company's commitment to pay a third party on behalf of a customer upon fulfillment of contractual requirements. The credit risk involved in issuing letters of credit is essentially the same as the risk involved in extending loans to customers. | |||||||||
The Company is also utilizing an $88 million letter of credit issued by the Federal Home Loan Bank on the Company's behalf as security for certain deposits. The letter of credit is backed by loans which are pledged to the Federal Home Loan Bank by the Company. | |||||||||
Fair_Value_Disclosures_and_Rep
Fair Value Disclosures and Reporting, the Fair Value Option and Fair Value Measurements | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Fair Value Disclosures and Reporting, the Fair Value Option and Fair Value Measurements [Abstract] | ' | ||||||||||||||||||||
Fair Value Disclosures and Reporting, the Fair Value Option and Fair Value Measurements | ' | ||||||||||||||||||||
Note 9 - Fair Value Disclosures and Reporting, the Fair Value Option and Fair Value Measurements | |||||||||||||||||||||
FASB's standards on financial instruments, and on fair value measurements and disclosures, require all entities to disclose in their financial statement footnotes the estimated fair values of financial instruments for which it is practicable to estimate fair values. In addition to disclosure requirements, FASB's standard on investments requires that our debt securities, which are classified as available for sale, and our equity securities that have readily determinable fair values, be measured and reported at fair value in our statement of financial position. Certain impaired loans are also reported at fair value, as explained in greater detail below, and foreclosed assets are carried at the lower of cost or fair value. FASB's standard on financial instruments permits companies to report certain other financial assets and liabilities at fair value, but we have not elected the fair value option for any additional financial assets or liabilities. | |||||||||||||||||||||
Fair value measurements and disclosure standards also establish a framework for measuring fair values. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability, in an orderly transaction between market participants on the measurement date. Further, the standards establish a fair value hierarchy that encourages an entity to maximize the use of observable inputs and limit the use of unobservable inputs when measuring fair values. The standards describe three levels of inputs that may be used to measure fair values: | |||||||||||||||||||||
· | Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. | ||||||||||||||||||||
· | Level 2: Significant observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, and other inputs that are observable or can be corroborated by observable market data. | ||||||||||||||||||||
· | Level 3: Significant unobservable inputs that reflect a company's own assumptions about the factors that market participants would likely consider in pricing an asset or liability. | ||||||||||||||||||||
Fair value estimates are made at a specific point in time based on relevant market data and information about the financial instruments. The estimates do not reflect any premium or discount that could result from offering the Company's entire holdings of a particular financial instrument for sale at one time, nor do they attempt to estimate the value of anticipated future business related to the instruments. In addition, the tax ramifications related to realized gains and losses could have a significant effect on fair value estimates but have not been considered in any estimates. Because no market exists for a significant portion of the Company's financial instruments, fair value disclosures are based on judgments regarding current economic conditions, risk characteristics of various financial instruments and other factors. The estimates are subjective and involve uncertainties and matters of significant judgment, and therefore cannot be determined with precision. Changes in assumptions could significantly affect the fair values presented. The following methods and assumptions were used by the Company to estimate the fair value of its financial instruments disclosed at June 30, 2014 and December 31, 2013: | |||||||||||||||||||||
· | Cash and cash equivalents and fed funds sold: The carrying amount is estimated to be fair value. | ||||||||||||||||||||
· | Investment securities: Fair values are determined by obtaining quoted prices on nationally recognized securities exchanges or by matrix pricing, which is a mathematical technique used widely in the industry to value debt securities by relying on their relationship to other benchmark quoted securities when quoted prices for specific securities are not readily available. | ||||||||||||||||||||
· | Loans and leases: For variable-rate loans and leases that re-price frequently with no significant change in credit risk or interest rate spread, fair values are based on carrying values. Fair values for other loans and leases are estimated by discounting projected cash flows at interest rates being offered at each reporting date for loans and leases with similar terms, to borrowers of comparable creditworthiness. The carrying amount of accrued interest receivable approximates its fair value. | ||||||||||||||||||||
· | Loans held for sale: Since loans designated by the Company as available-for-sale are typically sold shortly after making the decision to sell them, realized gains or losses are usually recognized within the same period and fluctuations in fair values are not relevant for reporting purposes. If available-for-sale loans are on our books for an extended period of time, the fair value of those loans is determined using quoted secondary-market prices. | ||||||||||||||||||||
· | Collateral-dependent impaired loans: Collateral-dependent impaired loans are carried at fair value when it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the original loan agreement and the loan has been written down to the fair value of its underlying collateral, net of expected disposition costs where applicable. | ||||||||||||||||||||
· | Cash surrender value of life insurance policies: Fair values are based on net cash surrender values at each reporting date. | ||||||||||||||||||||
· | Investments in, and capital commitments to, limited partnerships: The fair values of our investments in WNC Institutional Tax Credit Fund Limited Partnerships and any other limited partnerships are estimated using quarterly indications of value provided by the general partner. The fair values of undisbursed capital commitments are assumed to be the same as their book values. | ||||||||||||||||||||
· | Other investments: Certain investments for which no secondary market exists are carried at cost unless an impairment analysis indicates the need for adjustments, and the carrying amount for those investments approximates their estimated fair value. | ||||||||||||||||||||
· | Deposits: Fair values for non-maturity deposits are equal to the amount payable on demand at the reporting date, which is the carrying amount. Fair values for fixed-rate certificates of deposit are estimated using a cash flow analysis, discounted at interest rates being offered at each reporting date by the Bank for certificates with similar remaining maturities. The carrying amount of accrued interest payable approximates its fair value. | ||||||||||||||||||||
· | Short-term borrowings: The carrying amounts approximate fair values for federal funds purchased, overnight FHLB advances, borrowings under repurchase agreements, and other short-term borrowings maturing within ninety days of the reporting dates. Fair values of other short-term borrowings are estimated by discounting projected cash flows at the Company's current incremental borrowing rates for similar types of borrowing arrangements. | ||||||||||||||||||||
· | Long-term borrowings: Fair values are estimated using projected cash flows discounted at the Company's current incremental borrowing rates for similar types of borrowing arrangements. | ||||||||||||||||||||
· | Subordinated debentures: Fair values are determined based on the current market value for like instruments of a similar maturity and structure. | ||||||||||||||||||||
· | Commitments to extend credit and letters of credit: If funded, the carrying amounts for currently unused commitments would approximate fair values for the newly created financial assets at the funding date. However, because of the high degree of uncertainty with regard to whether or not those commitments will ultimately be funded, fair values for loan commitments and letters of credit in their current undisbursed state cannot reasonably be estimated, and only notional values are disclosed in the table below. | ||||||||||||||||||||
Estimated fair values for the Company's financial instruments are as follows, as of the dates noted: | |||||||||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||||||
(dollars in thousands, unaudited) | 30-Jun-14 | ||||||||||||||||||||
Estimated Fair Value | |||||||||||||||||||||
Carrying | Quoted Prices in | Significant | Significant | Total | |||||||||||||||||
Amount | Active Markets for | Observable Inputs | Unobservable Inputs | ||||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | |||||||||||||||||||
(Level 1) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 48,824 | $ | 48,824 | $ | - | $ | - | $ | 48,824 | |||||||||||
Investment securities available for sale | 459,744 | 2,487 | 457,257 | - | 459,744 | ||||||||||||||||
Loans and leases, net held for investment | 862,856 | - | 874,610 | - | 874,610 | ||||||||||||||||
Collateral dependent impaired loans | 19,944 | - | 19,944 | - | 19,944 | ||||||||||||||||
Loans held-for-sale | - | - | - | - | - | ||||||||||||||||
Cash surrender value of life insurance policies | 40,230 | - | 40,230 | - | 40,230 | ||||||||||||||||
Other investments | 6,122 | - | 6,122 | - | 6,122 | ||||||||||||||||
Investment in limited partnership | 7,883 | - | 7,883 | - | 7,883 | ||||||||||||||||
Accrued interest receivable | 5,196 | - | 5,196 | - | 5,196 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits: | |||||||||||||||||||||
Noninterest-bearing | $ | 351,757 | $ | 351,757 | $ | - | $ | - | $ | 351,757 | |||||||||||
Interest-bearing | 894,370 | - | 894,611 | - | 894,611 | ||||||||||||||||
Fed funds purchased and | 6,094 | - | 6,094 | - | 6,094 | ||||||||||||||||
repurchase agreements | |||||||||||||||||||||
Short-term borrowings | 7,750 | - | 7,750 | - | 7,750 | ||||||||||||||||
Long-term borrowings | - | - | - | - | - | ||||||||||||||||
Subordinated debentures | 30,928 | - | 11,267 | - | 11,267 | ||||||||||||||||
Limited partnership capital commitment | 914 | - | 914 | - | 914 | ||||||||||||||||
Accrued interest payable | 153 | - | 153 | - | 153 | ||||||||||||||||
Notional Amount | |||||||||||||||||||||
Off-balance-sheet financial instruments: | |||||||||||||||||||||
Commitments to extend credit | $ | 386,378 | |||||||||||||||||||
Standby letters of credit | 8,884 | ||||||||||||||||||||
Commercial lines of credit | 8,069 | ||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||
Estimated Fair Value | |||||||||||||||||||||
Carrying | Quoted Prices in | Significant | Significant | Total | |||||||||||||||||
Amount | Active Markets for | Observable | Unobservable | ||||||||||||||||||
Identical Assets | Inputs | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 78,006 | $ | 78,006 | $ | - | $ | - | $ | 78,006 | |||||||||||
Investment securities available for sale | 425,044 | 2,456 | 422,588 | - | 425,044 | ||||||||||||||||
Loans and leases, net held for investment | 778,382 | - | 797,383 | - | 797,383 | ||||||||||||||||
Collateral dependent impaired loans | 14,705 | - | 14,705 | - | 14,705 | ||||||||||||||||
Loans held-for-sale | 105 | 105 | - | - | 105 | ||||||||||||||||
Cash surrender value of life insurance policies | 39,424 | - | 39,424 | - | 39,424 | ||||||||||||||||
Other Investments | 5,932 | - | 5,932 | - | 5,932 | ||||||||||||||||
Investment in limited partnership | 9,204 | - | 9,204 | - | 9,204 | ||||||||||||||||
Accrued interest receivable | 4,990 | - | 4,990 | - | 4,990 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits: | |||||||||||||||||||||
Noninterest-bearing | $ | 365,997 | $ | 365,997 | $ | - | $ | - | $ | 365,997 | |||||||||||
Interest-bearing | 808,182 | - | 808,182 | - | 808,182 | ||||||||||||||||
Fed funds purchased and | 5,974 | - | 5,974 | - | 5,974 | ||||||||||||||||
repurchase agreements | |||||||||||||||||||||
Short-term borrowings | - | - | - | - | - | ||||||||||||||||
Long-term borrowings | - | - | - | - | - | ||||||||||||||||
Subordinated debentures | 30,928 | - | 11,175 | - | 11,175 | ||||||||||||||||
Limited partnership capital commitment | 962 | - | 962 | - | 962 | ||||||||||||||||
Accrued interest payable | 186 | - | 186 | - | 186 | ||||||||||||||||
Notional Amount | |||||||||||||||||||||
Off-balance-sheet financial instruments: | |||||||||||||||||||||
Commitments to extend credit | $ | 420,707 | |||||||||||||||||||
Standby letters of credit | 8,703 | ||||||||||||||||||||
Commercial lines of credit | 8,070 | ||||||||||||||||||||
For financial asset categories that were actually reported at fair value at June 30, 2014 and December 31, 2013, the Company used the following methods and significant assumptions: | |||||||||||||||||||||
· | Investment securities: Fair values are determined by obtaining quoted prices on nationally recognized securities exchanges or by matrix pricing, which is a mathematical technique used widely in the industry to value debt securities by relying on their relationship to other benchmark quoted securities. | ||||||||||||||||||||
· | Collateral-dependent impaired loans: Collateral-dependent impaired loans are carried at fair value when it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the original loan agreement and the loan has been written down to the fair value of its underlying collateral, net of expected disposition costs where applicable. | ||||||||||||||||||||
· | Foreclosed assets: Repossessed real estate (OREO) and other foreclosed assets are carried at the lower of cost or fair value. Fair value is the appraised value less expected selling costs for OREO and some other assets such as mobile homes, and for any other foreclosed assets fair value is represented by the estimated sales proceeds as determined using reasonably available sources. Foreclosed assets for which appraisals can be feasibly obtained are periodically measured for impairment using updated appraisals. Fair values for other foreclosed assets are adjusted as necessary, subsequent to a periodic re-evaluation of expected cash flows and the timing of resolution. If impairment is determined to exist, the book value of a foreclosed asset is immediately written down to its estimated impaired value through the income statement, thus the carrying amount is equal to the fair value and there is no valuation allowance. | ||||||||||||||||||||
Assets reported at fair value on a recurring basis are summarized below: | |||||||||||||||||||||
Fair Value Measurements - Recurring | |||||||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||||||
Fair Value Measurements at June 30, 2014, using | |||||||||||||||||||||
Quoted Prices in | Significant | Significant | Total | ||||||||||||||||||
Active Markets for | Observable Inputs | Unobservable Inputs | |||||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | |||||||||||||||||||
(Level 1) | |||||||||||||||||||||
Investment securities | |||||||||||||||||||||
US Government agencies | $ | - | $ | 4,672 | $ | - | $ | 4,672 | |||||||||||||
Mortgage-backed securities | - | 354,186 | - | 354,186 | |||||||||||||||||
State and poltical subdivisions | - | 98,399 | - | 98,399 | |||||||||||||||||
Equity securities | 2,487 | - | - | 2,487 | |||||||||||||||||
Total available-for-sale securities | $ | 2,487 | $ | 457,257 | $ | - | $ | 459,744 | |||||||||||||
Fair Value Measurements at December 31, 2013, using | |||||||||||||||||||||
Quoted Prices in | Significant | Significant | Total | ||||||||||||||||||
Active Markets for | Observable Inputs | Unobservable Inputs | |||||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | |||||||||||||||||||
(Level 1) | |||||||||||||||||||||
Investment securities | |||||||||||||||||||||
US Government agencies | $ | - | $ | 5,304 | $ | - | $ | 5,304 | |||||||||||||
Mortgage-backed securities | - | 320,721 | - | 320,721 | |||||||||||||||||
State and poltical subdivisions | - | 96,563 | - | 96,563 | |||||||||||||||||
Equity securities | 2,456 | - | - | 2,456 | |||||||||||||||||
Total available-for-sale securities | $ | 2,456 | $ | 422,588 | $ | - | $ | 425,044 | |||||||||||||
Assets reported at fair value on a nonrecurring basis are summarized below: | |||||||||||||||||||||
Fair Value Measurements - Nonrecurring | |||||||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||||||
Fair Value Measurements at June 30, 2014, Using | |||||||||||||||||||||
Quoted Prices in | Significant Observable Inputs | Significant | Total | ||||||||||||||||||
Active Markets for | (Level 2) | Unobservable Inputs | |||||||||||||||||||
Identical Assets | (Level 3) | ||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
Collateral dependent impaired loans | $ | - | $ | 19,944 | $ | - | $ | 19,944 | |||||||||||||
Foreclosed assets | $ | - | $ | 4,498 | $ | - | $ | 4,498 | |||||||||||||
Fair Value Measurements at December 31, 2013, using | |||||||||||||||||||||
Quoted Prices in | Significant Observable Inputs | Significant | Total | ||||||||||||||||||
Active Markets for | (Level 2) | Unobservable Inputs | |||||||||||||||||||
Identical Assets | (Level 3) | ||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
Collateral dependent impaired loans | $ | - | $ | 14,705 | $ | - | $ | 14,705 | |||||||||||||
Foreclosed assets | $ | - | $ | 8,185 | $ | - | $ | 8,185 | |||||||||||||
The table above includes collateral-dependent impaired loan balances for which a specific reserve has been established or on which a write-down has been taken. Information on the Company's total impaired loan balances, and specific loss reserves associated with those balances, is included in Note 11 below, and in Management's Discussion and Analysis of Financial Condition and Results of Operation in the "Nonperforming Assets" and "Allowance for Loan and Lease Losses" sections. | |||||||||||||||||||||
The unobservable inputs are based on management's best estimates of appropriate discounts in arriving at fair market value. Increases or decreases in any of those inputs could result in a significantly lower or higher fair value measurement. For example, a change in either direction of actual loss rates would have a directionally opposite change in the calculation of the fair value of unsecured impaired loans. | |||||||||||||||||||||
Investments
Investments | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Investments [Abstract] | ' | ||||||||||||||||
Investments | ' | ||||||||||||||||
Note 10 - Investments | |||||||||||||||||
Although the Company currently has the intent and the ability to hold the securities in its investment portfolio to maturity, the securities are all marketable and are classified as "available for sale" to allow maximum flexibility with regard to interest rate risk and liquidity management. Pursuant to FASB's guidance on accounting for debt and equity securities, available for sale securities are carried on the Company's financial statements at their estimated fair market values, with monthly tax-effected "mark-to-market" adjustments made vis-à-vis accumulated other comprehensive income in shareholders' equity. | |||||||||||||||||
The table below summarizes the Company's available-for-sale investment securities by type, as of the dates indicated: | |||||||||||||||||
Amortized Cost And Estimated Fair Value | |||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||
30-Jun-14 | |||||||||||||||||
Amortized Cost | Gross | Gross | Estimated Fair Value | ||||||||||||||
Unrealized Gains | Unrealized Losses | ||||||||||||||||
US Government agencies | $ | 4,743 | $ | 7 | $ | (78 | ) | $ | 4,672 | ||||||||
Mortgage-backed securities | 351,139 | 4,411 | (1,364 | ) | 354,186 | ||||||||||||
State and poltical subdivisions | 96,592 | 2,623 | (816 | ) | 98,399 | ||||||||||||
Equity securities | 1,336 | 1,151 | - | 2,487 | |||||||||||||
Total investment securities | $ | 453,810 | $ | 8,192 | $ | (2,258 | ) | $ | 459,744 | ||||||||
31-Dec-13 | |||||||||||||||||
Amortized Cost | Gross | Gross | Estimated Fair Value | ||||||||||||||
Unrealized Gains | Unrealized Losses | ||||||||||||||||
US Government agencies | $ | 5,395 | $ | 18 | $ | (109 | ) | $ | 5,304 | ||||||||
Mortgage-backed securities | 320,223 | 3,269 | (2,771 | ) | 320,721 | ||||||||||||
State and political subdivisons | 97,361 | 1,723 | (2,521 | ) | 96,563 | ||||||||||||
Equity securities | 1,336 | 1,120 | - | 2,456 | |||||||||||||
Total investment securities | $ | 424,315 | $ | 6,130 | $ | (5,401 | ) | $ | 425,044 | ||||||||
At June 30, 2014 and December 31, 2013, the Company had 158 securities and 197 securities, respectively, with unrealized losses. Management has evaluated those securities as of the respective dates, and does not believe that any of the associated unrealized losses are other than temporary. Information pertaining to our investment securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous loss position, is disclosed in the table below. | |||||||||||||||||
Investment Portfolio - Unrealized Losses | |||||||||||||||||
(dollars in thousands, unaudited) | 30-Jun-14 | ||||||||||||||||
Less than Twelve Months | Over Twelve Months | ||||||||||||||||
Gross | Fair Value | Gross | Fair Value | ||||||||||||||
Unrealized Losses | Unrealized Losses | ||||||||||||||||
US Government agencies | $ | (20 | ) | $ | 1,707 | $ | (58 | ) | $ | 2,332 | |||||||
Mortgage-backed securities | (338 | ) | 60,577 | (1,026 | ) | 72,589 | |||||||||||
State and political subdivisions | (44 | ) | 5,929 | (772 | ) | 26,249 | |||||||||||
Other securities | - | - | - | - | |||||||||||||
Total investment securities | $ | (402 | ) | $ | 68,213 | $ | (1,856 | ) | $ | 101,170 | |||||||
31-Dec-13 | |||||||||||||||||
Less than Twelve Months | Over Twelve Months | ||||||||||||||||
Gross | Fair Value | Gross | Fair Value | ||||||||||||||
Unrealized Losses | Unrealized Losses | ||||||||||||||||
US Government agencies | $ | (92 | ) | $ | 1,913 | $ | (17 | ) | $ | 1,920 | |||||||
Mortgage-backed securities | (642 | ) | 21,747 | (2,129 | ) | 124,317 | |||||||||||
State and political subdivisions | (461 | ) | 6,799 | (2,060 | ) | 38,083 | |||||||||||
Other securities | - | - | - | - | |||||||||||||
Total investment securities | $ | (1,195 | ) | $ | 30,459 | $ | (4,206 | ) | $ | 164,320 | |||||||
The table below summarizes the Company's gross realized gains and losses as well as gross proceeds from the sales of securities: | |||||||||||||||||
Investment Portfolio - Realized Gains/(Losses) | |||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||
Three months ended June 30, | Six months ended June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Proceeds from sales of securities available for sale | $ | 4,995 | $ | - | $ | 8,360 | $ | 264 | |||||||||
Gross gains on sale of securities available for sale | $ | 185 | $ | - | $ | 289 | $ | 6 | |||||||||
Gross losses on sale of securities available for sale | (2 | ) | - | (2 | ) | - | |||||||||||
Net gains on sale of securities available for sale | $ | 183 | $ | - | $ | 287 | $ | 6 | |||||||||
The amortized cost and estimated fair value of investment securities available-for-sale at June 30, 2014 and December 31, 2014 by contractual maturity are shown below. Expected maturities will differ from contraction maturities because the issuers of the securities may have the right to call or prepay obligations with or without penalties. | |||||||||||||||||
Estimated Fair Value of Contractual Maturities | |||||||||||||||||
(dollars in thousands, unaudited) | 30-Jun-14 | ||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||
Maturing within one year | $ | 3,062 | $ | 3,077 | |||||||||||||
Maturing after one year through five years | 222,327 | 225,395 | |||||||||||||||
Maturing after five years through ten years | 64,030 | 65,120 | |||||||||||||||
Maturing after ten years | 51,477 | 51,642 | |||||||||||||||
Investment securities not due at a single maturity date: | |||||||||||||||||
U.S Government agencies collateralized by | |||||||||||||||||
mortgage obligations | 111,578 | 112,024 | |||||||||||||||
Other securities | 1,336 | 2,486 | |||||||||||||||
$ | 453,810 | $ | 459,744 | ||||||||||||||
31-Dec-13 | |||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||
Maturing within one year | $ | 2,294 | $ | 2,316 | |||||||||||||
Maturing after one year through five years | 241,396 | 242,493 | |||||||||||||||
Maturing after five years through ten years | 59,572 | 59,402 | |||||||||||||||
Maturing after ten years | 49,674 | 47,737 | |||||||||||||||
Investment securities not due at a single maturity date: | |||||||||||||||||
U.S Government agencies collateralized by | |||||||||||||||||
mortgage obligations | 70,043 | 70,640 | |||||||||||||||
Other securities | 1,336 | 2,456 | |||||||||||||||
$ | 424,315 | $ | 425,044 | ||||||||||||||
At June 30, 2014, the Company's investment portfolio included securities issued by 246 different government municipalities and agencies located within 27 states with a fair value of $98.4 million. The largest exposure to any single municipality or agency was a $4.5 million (fair value) bond issued for water utility improvements by the Arizona State Water Infrastructure Finance Authority, to be repaid by future water revenue. | |||||||||||||||||
The Company's investments in bonds issued by states, municipalities and political subdivisions are evaluated in accordance with Supervision and Regulation Letter 12-15 (SR 12-15) issued by the Board of Governors of the Federal Reserve System, "Investing in Securities without Reliance on Nationally Recognized Statistical Rating Organization Ratings", and other regulatory guidance. Credit ratings are considered in our analysis only as a guide to the historical default rate associated with similarly-rated bonds. There have been no significant differences in our internal analyses compared with the ratings assigned by the third party credit rating agencies. | |||||||||||||||||
The following table summarizes the total general obligation and revenue bonds in the Company's investment securities portfolio at June 30, 2014, including the state in which the issuing government municipality or agency operates when such state represents an investment concentration: | |||||||||||||||||
Revenue and General Obligation Bonds by Location | |||||||||||||||||
dollars in thousands, unaudited | 30-Jun-14 | 31-Dec-13 | |||||||||||||||
Amortized | Fair Market | Amortized | Fair Market | ||||||||||||||
General obligation bonds | Cost | Value | Cost | Value | |||||||||||||
State of issuance | |||||||||||||||||
California | $ | 22,103 | $ | 23,139 | $ | 20,638 | $ | 21,272 | |||||||||
Texas | 12,450 | 12,496 | 11,340 | 11,024 | |||||||||||||
Illinois | 8,301 | 8,333 | 8,965 | 8,702 | |||||||||||||
Ohio | 7,646 | 7,669 | 7,659 | 7,485 | |||||||||||||
Washington | 5,997 | 6,087 | 5,487 | 5,340 | |||||||||||||
Arizona | 2,085 | 2,145 | 2,100 | 2,050 | |||||||||||||
Other states | 19,663 | 20,014 | 20,666 | 20,429 | |||||||||||||
Total General Obligation Bonds | 78,245 | 79,883 | 76,855 | 76,302 | |||||||||||||
Revenue bonds | |||||||||||||||||
State of issuance | |||||||||||||||||
Arizona | 4,645 | 4,482 | 4,700 | 4,341 | |||||||||||||
Texas | 3,294 | 3,362 | 2,762 | 2,719 | |||||||||||||
California | 2,169 | 2,235 | 2,519 | 2,579 | |||||||||||||
Washington | 1,169 | 1,206 | 1,170 | 1,211 | |||||||||||||
Ohio | 323 | 337 | 324 | 339 | |||||||||||||
Other states | 6,747 | 6,894 | 6,758 | 6,742 | |||||||||||||
Total Revenue Bonds | 18,347 | 18,516 | 18,233 | 17,931 | |||||||||||||
Certificates of participation (All California) | - | - | 2,273 | 2,330 | |||||||||||||
Total Obligations of States | |||||||||||||||||
and Political Subdivisions | $ | 96,592 | $ | 98,399 | $ | 97,361 | $ | 96,563 | |||||||||
At June 30, 2014, the revenue bonds in the Company's investment securities portfolios were issued by government municipalities and agencies to fund public services such as utilities (water, sewer, and power), educational facilities, and general public and economic improvements. The revenue bonds were payable from 12 different types of revenue sources. The revenue sources that represent 5% or more individually as a percent of the total revenue bonds are summarized in the following table: | |||||||||||||||||
Revenue Bonds by Type | |||||||||||||||||
dollars in thousands, unaudited | 30-Jun-14 | 31-Dec-13 | |||||||||||||||
Amortized | Fair Market | Amortized | Fair Market | ||||||||||||||
Revenue bonds | Cost | Value | Cost | Value | |||||||||||||
Revenue source: | |||||||||||||||||
Water | $ | 7,350 | $ | 7,295 | $ | 7,409 | $ | 7,144 | |||||||||
College & University | 2,739 | 2,812 | 2,203 | 2,187 | |||||||||||||
Electric & Power | 1,884 | 1,919 | 1,888 | 1,895 | |||||||||||||
Sales Tax | 1,673 | 1,713 | 1,673 | 1,688 | |||||||||||||
Lease | 1,356 | 1,337 | 1,155 | 1,063 | |||||||||||||
Other sources | 3,345 | 3,440 | 3,905 | 3,954 | |||||||||||||
Total Revenue Bonds | $ | 18,347 | $ | 18,516 | $ | 18,233 | $ | 17,931 | |||||||||
Credit_Quality_and_Nonperformi
Credit Quality and Nonperforming Assets | 6 Months Ended | ||||||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||||||
Credit Quality and Nonperforming Assets [Abstract] | ' | ||||||||||||||||||||||||||||||||
Credit Quality and Nonperforming Assets | ' | ||||||||||||||||||||||||||||||||
Note 11 - Credit Quality and Nonperforming Assets | |||||||||||||||||||||||||||||||||
Credit Quality Classifications | |||||||||||||||||||||||||||||||||
The Company monitors the credit quality of loans on a continuous basis using the regulatory and accounting classifications of pass, special mention, substandard and impaired to characterize the associated credit risk. Balances classified as "loss" are immediately charged off. The Company conforms to the following definitions for risk classifications utilized: | |||||||||||||||||||||||||||||||||
· | Pass: Larger non-homogeneous loans not meeting the risk rating definitions below, and smaller homogeneous loans that are not assessed on an individual basis. | ||||||||||||||||||||||||||||||||
· | Special mention: Loans which have potential issues that deserve the close attention of management. If left uncorrected, those potential weaknesses could eventually diminish the prospects for full repayment of principal and interest according to the contractual terms of the loan agreement, or could result in deterioration of the Company's credit position at some future date. | ||||||||||||||||||||||||||||||||
· | Substandard: Loans that have at least one clear and well-defined weakness which could jeopardize the ultimate recoverability of all principal and interest, such as a borrower displaying a highly leveraged position, unfavorable financial operating results and/or trends, uncertain repayment sources or a deteriorated financial condition. | ||||||||||||||||||||||||||||||||
· | Impaired: A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans include all nonperforming loans, restructured troubled debt (TDRs), and certain other loans that are still being maintained on accrual status. A TDR may be nonperforming or performing, depending on its accrual status and the demonstrated ability of the borrower to comply with restructured terms (see "Troubled Debt Restructurings" section below for additional information on TDRs). | ||||||||||||||||||||||||||||||||
Credit quality classifications for the Company's loan balances were as follows, as of the dates indicated: | |||||||||||||||||||||||||||||||||
Credit Quality Classifications | |||||||||||||||||||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Impaired | Total | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||
1-4 family residential construction | $ | 4,120 | $ | - | $ | - | $ | - | $ | 4,120 | |||||||||||||||||||||||
Other construction/land | 17,967 | 299 | 10 | 4,878 | 23,154 | ||||||||||||||||||||||||||||
1-4 family - closed end | 97,789 | 927 | 609 | 14,535 | 113,860 | ||||||||||||||||||||||||||||
Equity lines | 47,591 | 213 | 1,250 | 2,268 | 51,322 | ||||||||||||||||||||||||||||
Multi-family residential | 6,565 | 423 | - | - | 6,988 | ||||||||||||||||||||||||||||
Commercial real estate - owner occupied | 177,779 | 21,534 | 3,635 | 4,708 | 207,656 | ||||||||||||||||||||||||||||
Commercial real estate - non-owner occupied | 89,255 | 3,575 | 228 | 12,945 | 106,003 | ||||||||||||||||||||||||||||
Farmland | 122,982 | 2,459 | 79 | 173 | 125,693 | ||||||||||||||||||||||||||||
Total real estate | 564,048 | 29,430 | 5,811 | 39,507 | 638,796 | ||||||||||||||||||||||||||||
Agricultural | 24,812 | 646 | 357 | 327 | 26,142 | ||||||||||||||||||||||||||||
Commercial and Iindustrial | 95,907 | 1,900 | 289 | 3,252 | 101,348 | ||||||||||||||||||||||||||||
Mortgage Warehouse | 106,157 | - | - | - | 106,157 | ||||||||||||||||||||||||||||
Consumer loans | 17,018 | 416 | 113 | 3,051 | 20,598 | ||||||||||||||||||||||||||||
Total gross loans and leases | $ | 807,942 | $ | 32,392 | $ | 6,570 | $ | 46,137 | $ | 893,041 | |||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Impaired | Total | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||
1-4 family residential construction | $ | 1,720 | $ | - | $ | - | $ | - | $ | 1,720 | |||||||||||||||||||||||
Other construction/land | 18,243 | 334 | 203 | 6,751 | 25,531 | ||||||||||||||||||||||||||||
1-4 family - closed end | 67,051 | 1,305 | 770 | 17,898 | 87,024 | ||||||||||||||||||||||||||||
Equity lines | 51,019 | 254 | 1,429 | 1,021 | 53,723 | ||||||||||||||||||||||||||||
Multi-family residential | 8,059 | 426 | - | - | 8,485 | ||||||||||||||||||||||||||||
Commercial real estate - owner occupied | 158,155 | 17,033 | 3,261 | 7,563 | 186,012 | ||||||||||||||||||||||||||||
Commercial real estate - non-owner occupied | 89,475 | 3,630 | 240 | 13,495 | 106,840 | ||||||||||||||||||||||||||||
Farmland | 105,623 | 1,780 | 819 | 282 | 108,504 | ||||||||||||||||||||||||||||
Total real estate | 499,345 | 24,762 | 6,722 | 47,010 | 577,839 | ||||||||||||||||||||||||||||
Agricultural | 24,178 | 532 | - | 470 | 25,180 | ||||||||||||||||||||||||||||
Commercial and industrial | 93,224 | 3,358 | 1,236 | 5,444 | 103,262 | ||||||||||||||||||||||||||||
Mortgage Warehouse | 73,425 | - | - | - | 73,425 | ||||||||||||||||||||||||||||
Consumer loans | 19,387 | 478 | 208 | 3,463 | 23,536 | ||||||||||||||||||||||||||||
Total gross loans and leases | $ | 709,559 | $ | 29,130 | $ | 8,166 | $ | 56,387 | $ | 803,242 | |||||||||||||||||||||||
Past Due and Nonperforming Assets | |||||||||||||||||||||||||||||||||
Nonperforming assets are comprised of loans for which the Company is no longer accruing interest, and foreclosed assets, including mobile homes and other real estate owned (OREO). OREO consists of properties acquired by foreclosure or similar means, which the Company is offering or will offer for sale. Nonperforming loans and leases result when reasonable doubt surfaces with regard to the ability of the Company to collect all principal and interest. At that point, we stop accruing interest on the loan or lease in question and reverse any previously-recognized interest to the extent that it is uncollected or associated with interest-reserve loans. Any asset for which principal or interest has been in default for 90 days or more is also placed on non-accrual status even if interest is still being received, unless the asset is both well secured and in the process of collection. An aging of the Company's loan balances is presented in the following tables, by number of days past due as of the indicated dates: | |||||||||||||||||||||||||||||||||
Loan Portfolio Aging | |||||||||||||||||||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | 90 Days | Total Past Due | Current | Total Financing Receivables | Non-Accrual Loans(1) | |||||||||||||||||||||||||||
Past Due | Past Due | Or More | |||||||||||||||||||||||||||||||
Past Due(2) | |||||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||
1-4 family residential construction | $ | - | $ | 7 | $ | - | $ | 7 | $ | 4,113 | $ | 4,120 | $ | - | |||||||||||||||||||
Other construction/land | - | 3,682 | - | 3,682 | 19,472 | 23,154 | 3,682 | ||||||||||||||||||||||||||
1-4 family - closed end | 125 | 2,707 | - | 2,832 | 111,028 | 113,860 | 10,071 | ||||||||||||||||||||||||||
Equity lines | 6 | 86 | 838 | 930 | 50,392 | 51,322 | 1,997 | ||||||||||||||||||||||||||
Multi-family residential | - | - | - | - | 6,988 | 6,988 | - | ||||||||||||||||||||||||||
Commercial real estate - owner occupied | 218 | 362 | 1,640 | 2,220 | 205,436 | 207,656 | 3,485 | ||||||||||||||||||||||||||
Commercial real estate - non-owner occupied | 834 | 202 | 6,842 | 7,878 | 98,125 | 106,003 | 7,671 | ||||||||||||||||||||||||||
Farmland | 937 | - | - | 937 | 124,756 | 125,693 | 173 | ||||||||||||||||||||||||||
Total real estate | 2,120 | 7,046 | 9,320 | 18,486 | 620,310 | 638,796 | 27,079 | ||||||||||||||||||||||||||
Agricultural | 159 | 358 | 327 | 844 | 25,298 | 26,142 | 327 | ||||||||||||||||||||||||||
Commercial and industrial | 399 | - | 401 | 800 | 100,548 | 101,348 | 992 | ||||||||||||||||||||||||||
Mortgage Warehouse | - | - | - | - | 106,157 | 106,157 | - | ||||||||||||||||||||||||||
Consumer loans | 212 | - | 39 | 251 | 20,347 | 20,598 | 838 | ||||||||||||||||||||||||||
Total gross loans and leases | $ | 2,890 | $ | 7,404 | $ | 10,087 | $ | 20,381 | $ | 872,660 | $ | 893,041 | $ | 29,236 | |||||||||||||||||||
(1) Included in total financing receivables | |||||||||||||||||||||||||||||||||
(2) As of June 30, 2014 there were no loans over 90 days past due and still acrruing. | |||||||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | 90 Days | Total Past Due | Current | Total Financing Receivables | Non-Accrual Loans(1) | |||||||||||||||||||||||||||
Past Due | Past Due | Or More | |||||||||||||||||||||||||||||||
Past Due(2) | |||||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||
1-4 family residential construction | $ | - | $ | - | $ | - | $ | - | $ | 1,720 | $ | 1,720 | $ | - | |||||||||||||||||||
Other construction/land | 294 | - | 116 | 410 | 25,121 | 25,531 | 5,528 | ||||||||||||||||||||||||||
1-4 family - closed end | 2,181 | 300 | 171 | 2,652 | 84,372 | 87,024 | 13,168 | ||||||||||||||||||||||||||
Equity lines | 98 | - | 288 | 386 | 53,337 | 53,723 | 778 | ||||||||||||||||||||||||||
Multi-family residential | - | - | - | - | 8,485 | 8,485 | - | ||||||||||||||||||||||||||
Commercial real estate - owner occupied | 1,917 | 144 | 2,011 | 4,072 | 181,940 | 186,012 | 5,516 | ||||||||||||||||||||||||||
Commercial real estate - non-owner occupied | - | - | 7,667 | 7,667 | 99,173 | 106,840 | 8,058 | ||||||||||||||||||||||||||
Farmland | 331 | - | - | 331 | 108,173 | 108,504 | 282 | ||||||||||||||||||||||||||
Total real estate | 4,821 | 444 | 10,253 | 15,518 | 562,321 | 577,839 | 33,330 | ||||||||||||||||||||||||||
Agricultural | 892 | 327 | 125 | 1,344 | 23,836 | 25,180 | 470 | ||||||||||||||||||||||||||
Commercial and industrial | 1,318 | 587 | 1,298 | 3,203 | 100,059 | 103,262 | 2,622 | ||||||||||||||||||||||||||
Mortgage Warehouse | - | - | - | - | 73,425 | 73,425 | - | ||||||||||||||||||||||||||
Consumer loans | 181 | - | - | 181 | 23,355 | 23,536 | 992 | ||||||||||||||||||||||||||
Total gross loans and leases | $ | 7,212 | $ | 1,358 | $ | 11,676 | $ | 20,246 | $ | 782,996 | $ | 803,242 | $ | 37,414 | |||||||||||||||||||
(1) Included in total financing receivables | |||||||||||||||||||||||||||||||||
(2) As of December 31, 2013 there were no loans over 90 days past due and still accruing. | |||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||
A loan that is modified for a borrower who is experiencing financial difficulty is classified as a troubled debt restructuring (TDR), if the modification constitutes a concession. At June 30, 2014, the Company had a total of $34.6 million in TDRs, including $21.4 million in TDRs that were on non-accrual status. Generally, a non-accrual loan that has been modified as a TDR remains on non-accrual status for a period of at least six months to demonstrate the borrower's ability to comply with the modified terms. However, performance prior to the modification, or significant events that coincide with the modification, could result in a loan's return to accrual status after a shorter performance period or even at the time of loan modification. TDRs may have the TDR designation removed in the calendar year following the restructuring, if the loan is in compliance with all modified terms and is yielding a market rate of interest. Regardless of the period of time that has elapsed, if the borrower's ability to meet the revised payment schedule is uncertain then the loan will be kept on non-accrual status. Moreover, a TDR is generally considered to be in default when it appears that the customer will not likely be able to repay all principal and interest pursuant to the terms of the restructured agreement. | |||||||||||||||||||||||||||||||||
The Company may agree to different types of concessions when modifying a loan or lease. The tables below summarize TDRs which were modified during the noted periods, by type of concession: | |||||||||||||||||||||||||||||||||
Troubled Debt Restructurings, by Type of Loan Modification | |||||||||||||||||||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||||||||||||||||||
For the six months Ended Ended June 30, 2014 | |||||||||||||||||||||||||||||||||
Rate Modification | Term Modification | Interest Only Modification | Rate & Term Modification | Rate & Interest Only Modification | Term & Interest Only Modification | Rate, Term & Interest Only Modification | Total | ||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Other construction/land | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||
1-4 family - closed-end | - | 13 | - | - | - | - | - | 13 | |||||||||||||||||||||||||
Equity lines | - | 321 | - | 29 | - | - | - | 350 | |||||||||||||||||||||||||
Commercial real estate - owner occupied | 279 | 123 | - | - | - | - | - | 402 | |||||||||||||||||||||||||
Total real estate loans | 279 | 457 | - | 29 | - | - | - | 765 | |||||||||||||||||||||||||
Commercial and industrial | - | 133 | - | 4 | - | 30 | - | 167 | |||||||||||||||||||||||||
Consumer loans | - | 9 | - | - | - | - | - | 9 | |||||||||||||||||||||||||
$ | 279 | $ | 599 | $ | - | $ | 33 | $ | - | $ | 30 | $ | - | $ | 941 | ||||||||||||||||||
For the year ended December 31, 2013 | |||||||||||||||||||||||||||||||||
Rate Modification | Term Modification | Interest Only Modification | Rate & Term Modification | Rate & Interest Only Modification | Term & Interest Only Modification | Rate, Term & Interest Only Modification | Total | ||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||
Other construction/land | $ | - | $ | 416 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 416 | |||||||||||||||||
1-4 family - closed-end | - | 3,338 | - | 238 | - | - | 102 | 3,678 | |||||||||||||||||||||||||
Equity lines | - | - | 40 | - | - | - | - | 40 | |||||||||||||||||||||||||
Commercial real estate - owner occupied | - | - | - | 557 | - | - | - | 557 | |||||||||||||||||||||||||
Total real estate loans | - | 3,754 | 40 | 795 | - | - | 102 | 4,691 | |||||||||||||||||||||||||
Commercial and industrial | - | 1,563 | - | 308 | - | - | - | 1,871 | |||||||||||||||||||||||||
Consumer loans | - | 469 | - | - | - | - | 92 | 561 | |||||||||||||||||||||||||
$ | - | $ | 5,786 | $ | 40 | $ | 1,103 | $ | - | $ | - | $ | 194 | $ | 7,123 | ||||||||||||||||||
The following tables present, by class, additional details related to loans classified as TDRs during the referenced periods, including the recorded investment in the loan both before and after modification and balances that were modified during the period: | |||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||||||||||||||||||
For the three months Ended June 30, 2014 | |||||||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | ||||||||||||||||||||||||||||||||
Number of Loans | Outstanding | Outstanding | Reserve Difference(1) | Reserve | |||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||
Other Construction/Land | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||
1-4 family - closed-end | - | - | - | - | - | ||||||||||||||||||||||||||||
Equity Lines | 3 | 350 | 350 | 169 | 205 | ||||||||||||||||||||||||||||
Commercial RE- owner occupied | 1 | 279 | 279 | - | 139 | ||||||||||||||||||||||||||||
Total Real Estate Loans | 629 | 629 | 169 | 344 | |||||||||||||||||||||||||||||
Commercial and Industrial | 2 | 53 | 53 | 29 | 33 | ||||||||||||||||||||||||||||
Consumer loans | 2 | 7 | 7 | 1 | 2 | ||||||||||||||||||||||||||||
$ | 689 | $ | 689 | $ | 199 | $ | 379 | ||||||||||||||||||||||||||
(1) This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology. | |||||||||||||||||||||||||||||||||
For the six months Ended June 30, 2014 | |||||||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | ||||||||||||||||||||||||||||||||
Number of Loans | Outstanding | Outstanding | Reserve Difference(1) | Reserve | |||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||
Other Construction/Land | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||
1-4 family - closed-end | 1 | 13 | 13 | - | - | ||||||||||||||||||||||||||||
Equity Lines | 3 | 350 | 350 | 169 | 203 | ||||||||||||||||||||||||||||
Commercial RE- owner occupied | 2 | 402 | 402 | - | 141 | ||||||||||||||||||||||||||||
Total Real Estate Loans | 765 | 765 | 169 | 344 | |||||||||||||||||||||||||||||
Commercial and Industrial | 5 | 167 | 167 | 52 | 43 | ||||||||||||||||||||||||||||
Consumer loans | 3 | 9 | 9 | 1 | 2 | ||||||||||||||||||||||||||||
$ | 941 | $ | 941 | $ | 222 | $ | 389 | ||||||||||||||||||||||||||
(1) This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowancefor loan loss methodology. | |||||||||||||||||||||||||||||||||
The tables below summarize TDRs that defaulted during the periods noted, and any charge-offs on those TDRs resulting from such default. | |||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||||||||||||||||||
Subsequent default three months ended June 30, 2014 | |||||||||||||||||||||||||||||||||
Number of Loans | Recorded Investment | Charge-Offs | |||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||
Other Construction/Land | 3 | $ | 1,546 | $ | - | ||||||||||||||||||||||||||||
1-4 family - closed-end | 2 | 8,305 | - | ||||||||||||||||||||||||||||||
Commercial real estate- owner occupied | 1 | 222 | 31 | ||||||||||||||||||||||||||||||
Total Real Estate Loans | 10,073 | 31 | |||||||||||||||||||||||||||||||
Commercial and Industrial | - | - | - | ||||||||||||||||||||||||||||||
Consumer Loans | - | - | - | ||||||||||||||||||||||||||||||
$ | 10,073 | $ | 31 | ||||||||||||||||||||||||||||||
Subsequent default six months ended June 30, 2014 | |||||||||||||||||||||||||||||||||
Number of Loans | Recorded Investment | Charge-Offs | |||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||
Other Construction/Land | 3 | $ | 1,546 | $ | - | ||||||||||||||||||||||||||||
1-4 family - closed-end | 2 | 8,305 | - | ||||||||||||||||||||||||||||||
Commercial real estate- owner occupied | 1 | 222 | 31 | ||||||||||||||||||||||||||||||
Total Real Estate Loans | 10,073 | 31 | |||||||||||||||||||||||||||||||
Commercial and Industrial | 1 | 127 | - | ||||||||||||||||||||||||||||||
Consumer Loans | 2 | 133 | 58 | ||||||||||||||||||||||||||||||
$ | 10,333 | $ | 89 | ||||||||||||||||||||||||||||||
Allowance_for_Loan_and_Lease_L
Allowance for Loan and Lease Losses | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Abstract] | ' | ||||||||||||||||||||||||
Allowance for Loan and Lease Losses | ' | ||||||||||||||||||||||||
Note 12 - Allowance for Loan and Lease Losses | |||||||||||||||||||||||||
The Company's allowance for loan and lease losses, a contra-asset, is established through a provision for loan and lease losses. The allowance is maintained at a level that is considered adequate to absorb probable losses on certain specifically identified loans, as well as probable incurred losses inherent in the remaining loan portfolio. Specifically identifiable and quantifiable losses are immediately charged off against the allowance; recoveries are generally recorded only when cash payments are received subsequent to the charge off. We employ a systematic methodology, consistent with FASB guidelines on loss contingencies and impaired loans, for determining the appropriate level of the allowance for loan and lease losses and adjusting it at least quarterly. Pursuant to that methodology, impaired loans and leases are individually analyzed and a criticized asset action plan is completed specifying the financial status of the borrower and, if applicable, the characteristics and condition of collateral and any associated liquidation plan. A specific loss allowance is created for each impaired loan, if necessary. | |||||||||||||||||||||||||
The following tables disclose the unpaid principal balance, recorded investment (including accrued interest), average recorded investment, and interest income recognized for impaired loans on our books as of the dates indicated. Balances are shown by loan type, and are further broken out by those that required an allowance and those that did not, with the associated allowance disclosed for those that required such. Included in the valuation allowance for impaired loans shown in the tables below are specific reserves allocated to TDRs, totaling $3.878 million at June 30, 2014 and $3.321 million at December 31, 2013. | |||||||||||||||||||||||||
Impaired Loans | 30-Jun-14 | ||||||||||||||||||||||||
(dollars in thousands, unaudited) | Unpaid | Recorded | Related | Average | Interest | ||||||||||||||||||||
Principal | Investment(2) | Allowance | Recorded | Income | |||||||||||||||||||||
Balance(1) | Investment | Recognized(3) | |||||||||||||||||||||||
With an allowance recorded | |||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||
1-4 family residential construction | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
Other construction/land | 2,904 | 2,903 | 434 | 3,092 | 47 | ||||||||||||||||||||
1-4 Family - closed-end | 11,055 | 11,055 | 1,214 | 11,918 | 135 | ||||||||||||||||||||
Equity lines | 1,867 | 1,702 | 450 | 1,918 | 6 | ||||||||||||||||||||
Commercial real estate- owner occupied | 2,665 | 2,555 | 1,259 | 2,790 | 26 | ||||||||||||||||||||
Commercial real estate- non-owner occupied | 10,423 | 10,424 | 1,079 | 10,896 | 148 | ||||||||||||||||||||
Farmland | - | - | - | - | - | ||||||||||||||||||||
Total real estate | 28,914 | 28,639 | 4,436 | 30,614 | 362 | ||||||||||||||||||||
Agriculture | - | - | - | - | - | ||||||||||||||||||||
Commercial and industrial | 3,197 | 3,184 | 807 | 3,185 | 61 | ||||||||||||||||||||
Consumer loans | 2,929 | 2,927 | 336 | 3,131 | 81 | ||||||||||||||||||||
35,040 | 34,750 | 5,579 | 36,930 | 504 | |||||||||||||||||||||
With no related allowance recorded | |||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||
1-4 family residential construction | - | - | - | - | - | ||||||||||||||||||||
Other construction/land | 2,033 | 1,975 | - | 2,409 | - | ||||||||||||||||||||
1-4 family - closed-end | 3,637 | 3,480 | - | 4,339 | - | ||||||||||||||||||||
Equity lines | 746 | 566 | - | 759 | - | ||||||||||||||||||||
Commercial real estate- owner occupied | 3,483 | 2,153 | - | 3,773 | - | ||||||||||||||||||||
Commercial real estate- non-owner occupied | 2,669 | 2,521 | - | 2,790 | 58 | ||||||||||||||||||||
Farmland | 173 | 173 | - | 203 | - | ||||||||||||||||||||
Total real estate | 12,741 | 10,868 | - | 14,273 | 58 | ||||||||||||||||||||
Agriculture | 327 | 327 | - | 336 | - | ||||||||||||||||||||
Commercial and industrial | 93 | 68 | - | 123 | - | ||||||||||||||||||||
Consumer loans | 401 | 124 | - | 528 | - | ||||||||||||||||||||
13,562 | 11,387 | - | 15,260 | 58 | |||||||||||||||||||||
Total | $ | 48,602 | $ | 46,137 | $ | 5,579 | $ | 52,190 | $ | 562 | |||||||||||||||
(1) Contractual principal balance due from customer. | |||||||||||||||||||||||||
(2) Principal balance on Company's books, less any direct charge offs. | |||||||||||||||||||||||||
(3) Interest income is recognized on performing balances on a regular accrual basis. | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
Unpaid Principal Balance(1) | Recorded Investment(2) | Related Allowance | Average Recorded Investment | Interest Income Recognized(3) | |||||||||||||||||||||
With an allowance recorded | |||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||
1-4 family residential construction | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
Other construction/land | 2,972 | 2,972 | 502 | 3,000 | 98 | ||||||||||||||||||||
1-4 family - closed-end | 13,522 | 13,522 | 1,324 | 13,630 | 260 | ||||||||||||||||||||
Equity lines | 528 | 528 | 123 | 530 | 13 | ||||||||||||||||||||
Commercial real estate- owner occupied | 2,047 | 2,047 | 217 | 2,069 | 135 | ||||||||||||||||||||
Commercial real estate- non-owner occupied | 3,715 | 3,715 | 701 | 3,813 | 238 | ||||||||||||||||||||
Farmland | - | - | - | - | - | ||||||||||||||||||||
Total real estate | 22,784 | 22,784 | 2,867 | 23,042 | 744 | ||||||||||||||||||||
Agriculture | 125 | 125 | 126 | 131 | - | ||||||||||||||||||||
Commercial and industrial | 4,580 | 4,345 | 1,925 | 4,496 | 131 | ||||||||||||||||||||
Consumer loans | 3,411 | 3,411 | 431 | 3,591 | 172 | ||||||||||||||||||||
30,900 | 30,665 | 5,349 | 31,260 | 1,047 | |||||||||||||||||||||
With no related allowance recorded | |||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||
1-4 family residential construction | - | - | - | - | - | ||||||||||||||||||||
Other construction/land | 4,176 | 3,779 | - | 3,885 | - | ||||||||||||||||||||
1-4 family - closed-end | 4,655 | 4,376 | - | 4,687 | 1 | ||||||||||||||||||||
Equity lines | 565 | 493 | - | 493 | - | ||||||||||||||||||||
Commercial real estate- owner occupied | 7,436 | 5,516 | - | 5,568 | - | ||||||||||||||||||||
Commercial real estate- non-owner occupied | 10,077 | 9,780 | - | 9,820 | 115 | ||||||||||||||||||||
Farmland | 282 | 282 | - | 290 | - | ||||||||||||||||||||
Total real estate | 27,191 | 24,226 | - | 24,743 | 116 | ||||||||||||||||||||
Agriculture | 345 | 345 | - | 837 | - | ||||||||||||||||||||
Commercial and industrial | 1,249 | 1,099 | - | 1,607 | 57 | ||||||||||||||||||||
Consumer loans | 241 | 52 | - | 77 | - | ||||||||||||||||||||
29,026 | 25,722 | - | 27,264 | 173 | |||||||||||||||||||||
Total | $ | 59,926 | $ | 56,387 | $ | 5,349 | $ | 58,524 | $ | 1,220 | |||||||||||||||
(1) Contractual principal balance due from customer. | |||||||||||||||||||||||||
(2) Principal balance on Company's books, less any direct charge offs. | |||||||||||||||||||||||||
(3) Interest income is recognized on performing balances on a regular accrual basis. | |||||||||||||||||||||||||
The specific loss allowance for an impaired loan generally represents the difference between the face value of the loan and either the fair value of underlying collateral less estimated disposition costs, or the loan's net present value as determined by a discounted cash flow analysis. The discounted cash flow approach is typically used to measure impairment on loans for which it is anticipated that repayment will be provided from cash flows other than those generated solely by the disposition or operation of underlying collateral. However, historical loss rates may be used to determine a specific loss allowance if they indicate a higher potential reserve need than the discounted cash flow analysis. Any change in impairment attributable to the passage of time is accommodated by adjusting the loss allowance accordingly. | |||||||||||||||||||||||||
For loans where repayment is expected to be provided by the disposition or operation of the underlying collateral, impairment is measured using the fair value of the collateral. If the collateral value, net of the expected costs of disposition where applicable, is less than the loan balance, then a specific loss reserve is established for the shortfall in collateral coverage. If the discounted collateral value is greater than or equal to the loan balance, no specific loss reserve is required. At the time a collateral-dependent loan is designated as nonperforming, a new appraisal is ordered and typically received within 30 to 60 days if a recent appraisal is not already available. We generally use external appraisals to determine the fair value of the underlying collateral for nonperforming real estate loans, although the Company's licensed staff appraisers may update older appraisals based on current market conditions and property value trends. Until an updated appraisal is received, the Company uses the existing appraisal to determine the amount of the specific loss allowance that may be required, and adjusts the specific loss allowance, as necessary, once a new appraisal is received. Updated appraisals are generally ordered at least annually for collateral-dependent loans that remain impaired. Current appraisals were available for 70% of the Company's impaired real estate loan balances at June 30, 2014. Furthermore, the Company analyzes collateral-dependent loans on at least a quarterly basis, to determine if any portion of the recorded investment in such loans can be identified as uncollectible and would therefore constitute a confirmed loss. All amounts deemed to be uncollectible are promptly charged off against the Company's allowance for loan and lease losses, with the loan then carried at the fair value of the collateral, as appraised, less estimated costs of disposition if applicable. Once a charge-off or write-down is recorded, it will not be restored to the loan balance on the Company's accounting books. | |||||||||||||||||||||||||
Our methodology also provides that a "general" allowance be established for probable incurred losses inherent in loans and leases that are not impaired. Unimpaired loan balances are segregated by credit quality, and are then evaluated in pools with common characteristics. At the present time, pools are based on the same segmentation of loan types presented in our regulatory filings. While this methodology utilizes historical loss data and other measurable information, the classification of loans and the establishment of the allowance for loan and lease losses are both to some extent based on management's judgment and experience. Our methodology incorporates a variety of risk considerations, both quantitative and qualitative, in establishing an allowance for loan and lease losses that management believes is appropriate at each reporting date. Quantitative information includes our historical loss experience, delinquency and charge-off trends, and current collateral values. Qualitative factors include the general economic environment in our markets and, in particular, the condition of the agricultural industry and other key industries in the Central San Joaquin Valley. Lending policies and procedures (including underwriting standards), the experience and abilities of lending staff, the quality of loan review, credit concentrations (by geography, loan type, industry and collateral type), the rate of loan portfolio growth, and changes in legal or regulatory requirements are additional factors that are considered. The total general reserve established for probable incurred losses on unimpaired loans was $6.055 million at June 30, 2014. | |||||||||||||||||||||||||
During the three months ended June 30, 2014, there were no material changes to the methodology used to determine our allowance for loan and lease losses. As we add new products and expand our geographic coverage, and as the economic environment changes, we expect to continue to enhance our methodology to keep pace with the size and complexity of the loan and lease portfolio and respond to pressures created by external forces. We engage outside firms on a regular basis to assess our methodology and perform independent credit reviews of our loan and lease portfolio. In addition, the Company's external auditors, the FDIC, and the California DBO review the allowance for loan and lease losses as an integral part of their audit and examination processes. Management believes that the current methodology is appropriate given our size and level of complexity. | |||||||||||||||||||||||||
The tables that follow detail the activity in the allowance for loan and lease losses for the periods noted: | |||||||||||||||||||||||||
Allowance for Credit Losses and Recorded Investment in Financing Receivables | |||||||||||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||||||||||
For the Three Months Ended June 30, 2014 | |||||||||||||||||||||||||
Real Estate | Agricultural | Commercial and Industrial | Consumer | Unallocated | Total | ||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||
Beginning Balance | $ | 7,396 | $ | 847 | $ | 1,418 | $ | 1,438 | $ | 392 | $ | 11,491 | |||||||||||||
Charge-offs | (307 | ) | - | (226 | ) | (564 | ) | - | (1,097 | ) | |||||||||||||||
Recoveries | 892 | 1 | 54 | 93 | - | 1,040 | |||||||||||||||||||
Provision | (703 | ) | 505 | 270 | 496 | (368 | ) | 200 | |||||||||||||||||
Ending Balance | $ | 7,278 | $ | 1,353 | $ | 1,516 | $ | 1,463 | $ | 24 | $ | 11,634 | |||||||||||||
For the Six Months Ended June 30, 2014 | |||||||||||||||||||||||||
Real Estate | Agricultural | Commercial and Industrial | Consumer | Unallocated | Total | ||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||
Beginning Balance | $ | 5,544 | $ | 978 | $ | 3,787 | $ | 1,117 | $ | 251 | $ | 11,677 | |||||||||||||
Charge-offs | (434 | ) | (124 | ) | (412 | ) | (985 | ) | - | (1,955 | ) | ||||||||||||||
Recoveries | 1,199 | 2 | 98 | 263 | - | 1,562 | |||||||||||||||||||
Provision | 969 | 497 | (1,957 | ) | 1,068 | (227 | ) | 350 | |||||||||||||||||
Ending Balance | $ | 7,278 | $ | 1,353 | $ | 1,516 | $ | 1,463 | $ | 24 | $ | 11,634 | |||||||||||||
Reserves: | |||||||||||||||||||||||||
Specific | $ | 4,436 | $ | - | $ | 807 | $ | 336 | $ | - | $ | 5,579 | |||||||||||||
General | 2,842 | 1,353 | 709 | 1,127 | $ | 24 | 6,055 | ||||||||||||||||||
Ending Balance | $ | 7,278 | $ | 1,353 | $ | 1,516 | $ | 1,463 | $ | 24 | $ | 11,634 | |||||||||||||
Loans evaluated for impairment: | |||||||||||||||||||||||||
Individually | $ | 39,507 | $ | 327 | $ | 3,252 | $ | 3,051 | $ | - | $ | 46,137 | |||||||||||||
Collectively | 599,289 | 25,815 | 204,253 | 17,547 | - | 846,904 | |||||||||||||||||||
Ending Balance | $ | 638,796 | $ | 26,142 | $ | 207,505 | $ | 20,598 | $ | - | $ | 893,041 | |||||||||||||
For the Year Ended December 31, 2013 | |||||||||||||||||||||||||
Real Estate | Agricultural | Commercial and Industrial | Consumer | Unallocated | Total | ||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||
Beginning Balance | $ | 8,034 | $ | 258 | $ | 3,467 | $ | 2,114 | $ | - | $ | 13,873 | |||||||||||||
Charge-offs | (4,205 | ) | (473 | ) | (1,668 | ) | (1,917 | ) | - | (8,263 | ) | ||||||||||||||
Recoveries | 618 | - | 802 | 297 | - | 1,717 | |||||||||||||||||||
Provision | 1,097 | 1,193 | 1,186 | 623 | 251 | 4,350 | |||||||||||||||||||
Ending balance | $ | 5,544 | $ | 978 | $ | 3,787 | $ | 1,117 | $ | 251 | $ | 11,677 | |||||||||||||
Reserves: | |||||||||||||||||||||||||
Specific | $ | 2,867 | $ | 126 | $ | 1,925 | $ | 431 | $ | 5,349 | |||||||||||||||
General | 2,677 | 852 | 1,862 | 686 | 251 | 6,328 | |||||||||||||||||||
Ending balance | $ | 5,544 | $ | 978 | $ | 3,787 | $ | 1,117 | $ | 251 | $ | 11,677 | |||||||||||||
Loans evaluated for impairment: | |||||||||||||||||||||||||
Individually | $ | 47,010 | $ | 470 | $ | 5,444 | $ | 3,463 | $ | - | $ | 56,387 | |||||||||||||
Collectively | 530,829 | 24,710 | 171,243 | 20,073 | - | 746,855 | |||||||||||||||||||
Ending balance | $ | 577,839 | $ | 25,180 | $ | 176,687 | $ | 23,536 | $ | - | $ | 803,242 | |||||||||||||
Recent_Developments
Recent Developments | 6 Months Ended |
Jun. 30, 2014 | |
Recent Developments [Abstract] | ' |
Recent Developments | ' |
Note 13 - Recent Developments | |
On July 17, 2014 the Company entered into a definitive agreement to acquire Santa Clara Valley Bank (OTC: SCVE) of Santa Paula, California, a community bank with approximately $125 million in assets and branches located in Santa Paula, Santa Clarita, and Fillmore, California. The agreement calls for the payment of cash consideration of $12.3 million, or $6.00 per share, to SCVE's common shareholders and cash consideration of $3.0 million to SCVE's preferred shareholders to retire outstanding preferred stock and associated warrants. Included in the $12.3 million payment is $700,000 that the Company will pay to cash out existing in-the-money warrants. The transaction, which is subject to customary closing conditions including required regulatory approvals and approval by the shareholders of Santa Clara Valley Bank, is expected to close in the fourth quarter of 2014. | |
Financial_Instruments_with_Off1
Financial Instruments with Off-Balance-Sheet Risk (Tables) | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Financial Instruments with Off-Balance-Sheet Risk [Abstract] | ' | ||||||||
Schedule of Financial Instruments | ' | ||||||||
June 30, 2014 | December 31, 2013 | ||||||||
Commitments to extend credit | $ | 386,378 | $ | 420,707 | |||||
Standby letters of credit | $ | 8,884 | $ | 8,703 | |||||
Commercial letters of credit | $ | 8,069 | $ | 8,070 | |||||
Fair_Value_Disclosures_and_Rep1
Fair Value Disclosures and Reporting, the Fair Value Option and Fair Value Measurements (Tables) | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Fair Value Disclosures and Reporting, the Fair Value Option and Fair Value Measurements [Abstract] | ' | ||||||||||||||||||||
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments | ' | ||||||||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||||||
(dollars in thousands, unaudited) | 30-Jun-14 | ||||||||||||||||||||
Estimated Fair Value | |||||||||||||||||||||
Carrying | Quoted Prices in | Significant | Significant | Total | |||||||||||||||||
Amount | Active Markets for | Observable Inputs | Unobservable Inputs | ||||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | |||||||||||||||||||
(Level 1) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 48,824 | $ | 48,824 | $ | - | $ | - | $ | 48,824 | |||||||||||
Investment securities available for sale | 459,744 | 2,487 | 457,257 | - | 459,744 | ||||||||||||||||
Loans and leases, net held for investment | 862,856 | - | 874,610 | - | 874,610 | ||||||||||||||||
Collateral dependent impaired loans | 19,944 | - | 19,944 | - | 19,944 | ||||||||||||||||
Loans held-for-sale | - | - | - | - | - | ||||||||||||||||
Cash surrender value of life insurance policies | 40,230 | - | 40,230 | - | 40,230 | ||||||||||||||||
Other investments | 6,122 | - | 6,122 | - | 6,122 | ||||||||||||||||
Investment in limited partnership | 7,883 | - | 7,883 | - | 7,883 | ||||||||||||||||
Accrued interest receivable | 5,196 | - | 5,196 | - | 5,196 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits: | |||||||||||||||||||||
Noninterest-bearing | $ | 351,757 | $ | 351,757 | $ | - | $ | - | $ | 351,757 | |||||||||||
Interest-bearing | 894,370 | - | 894,611 | - | 894,611 | ||||||||||||||||
Fed funds purchased and | 6,094 | - | 6,094 | - | 6,094 | ||||||||||||||||
repurchase agreements | |||||||||||||||||||||
Short-term borrowings | 7,750 | - | 7,750 | - | 7,750 | ||||||||||||||||
Long-term borrowings | - | - | - | - | - | ||||||||||||||||
Subordinated debentures | 30,928 | - | 11,267 | - | 11,267 | ||||||||||||||||
Limited partnership capital commitment | 914 | - | 914 | - | 914 | ||||||||||||||||
Accrued interest payable | 153 | - | 153 | - | 153 | ||||||||||||||||
Notional Amount | |||||||||||||||||||||
Off-balance-sheet financial instruments: | |||||||||||||||||||||
Commitments to extend credit | $ | 386,378 | |||||||||||||||||||
Standby letters of credit | 8,884 | ||||||||||||||||||||
Commercial lines of credit | 8,069 | ||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||
Estimated Fair Value | |||||||||||||||||||||
Carrying | Quoted Prices in | Significant | Significant | Total | |||||||||||||||||
Amount | Active Markets for | Observable | Unobservable | ||||||||||||||||||
Identical Assets | Inputs | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 78,006 | $ | 78,006 | $ | - | $ | - | $ | 78,006 | |||||||||||
Investment securities available for sale | 425,044 | 2,456 | 422,588 | - | 425,044 | ||||||||||||||||
Loans and leases, net held for investment | 778,382 | - | 797,383 | - | 797,383 | ||||||||||||||||
Collateral dependent impaired loans | 14,705 | - | 14,705 | - | 14,705 | ||||||||||||||||
Loans held-for-sale | 105 | 105 | - | - | 105 | ||||||||||||||||
Cash surrender value of life insurance policies | 39,424 | - | 39,424 | - | 39,424 | ||||||||||||||||
Other Investments | 5,932 | - | 5,932 | - | 5,932 | ||||||||||||||||
Investment in limited partnership | 9,204 | - | 9,204 | - | 9,204 | ||||||||||||||||
Accrued interest receivable | 4,990 | - | 4,990 | - | 4,990 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits: | |||||||||||||||||||||
Noninterest-bearing | $ | 365,997 | $ | 365,997 | $ | - | $ | - | $ | 365,997 | |||||||||||
Interest-bearing | 808,182 | - | 808,182 | - | 808,182 | ||||||||||||||||
Fed funds purchased and | 5,974 | - | 5,974 | - | 5,974 | ||||||||||||||||
repurchase agreements | |||||||||||||||||||||
Short-term borrowings | - | - | - | - | - | ||||||||||||||||
Long-term borrowings | - | - | - | - | - | ||||||||||||||||
Subordinated debentures | 30,928 | - | 11,175 | - | 11,175 | ||||||||||||||||
Limited partnership capital commitment | 962 | - | 962 | - | 962 | ||||||||||||||||
Accrued interest payable | 186 | - | 186 | - | 186 | ||||||||||||||||
Notional Amount | |||||||||||||||||||||
Off-balance-sheet financial instruments: | |||||||||||||||||||||
Commitments to extend credit | $ | 420,707 | |||||||||||||||||||
Standby letters of credit | 8,703 | ||||||||||||||||||||
Commercial lines of credit | 8,070 | ||||||||||||||||||||
Summary of Assets Reported at Fair Value on a Recurring Basis | ' | ||||||||||||||||||||
Fair Value Measurements - Recurring | |||||||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||||||
Fair Value Measurements at June 30, 2014, using | |||||||||||||||||||||
Quoted Prices in | Significant | Significant | Total | ||||||||||||||||||
Active Markets for | Observable Inputs | Unobservable Inputs | |||||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | |||||||||||||||||||
(Level 1) | |||||||||||||||||||||
Investment securities | |||||||||||||||||||||
US Government agencies | $ | - | $ | 4,672 | $ | - | $ | 4,672 | |||||||||||||
Mortgage-backed securities | - | 354,186 | - | 354,186 | |||||||||||||||||
State and poltical subdivisions | - | 98,399 | - | 98,399 | |||||||||||||||||
Equity securities | 2,487 | - | - | 2,487 | |||||||||||||||||
Total available-for-sale securities | $ | 2,487 | $ | 457,257 | $ | - | $ | 459,744 | |||||||||||||
Fair Value Measurements at December 31, 2013, using | |||||||||||||||||||||
Quoted Prices in | Significant | Significant | Total | ||||||||||||||||||
Active Markets for | Observable Inputs | Unobservable Inputs | |||||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | |||||||||||||||||||
(Level 1) | |||||||||||||||||||||
Investment securities | |||||||||||||||||||||
US Government agencies | $ | - | $ | 5,304 | $ | - | $ | 5,304 | |||||||||||||
Mortgage-backed securities | - | 320,721 | - | 320,721 | |||||||||||||||||
State and poltical subdivisions | - | 96,563 | - | 96,563 | |||||||||||||||||
Equity securities | 2,456 | - | - | 2,456 | |||||||||||||||||
Total available-for-sale securities | $ | 2,456 | $ | 422,588 | $ | - | $ | 425,044 | |||||||||||||
Summary of Assets Reported at Fair Value on a Non-Recurring Basis | ' | ||||||||||||||||||||
Fair Value Measurements - Nonrecurring | |||||||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||||||
Fair Value Measurements at June 30, 2014, Using | |||||||||||||||||||||
Quoted Prices in | Significant Observable Inputs | Significant | Total | ||||||||||||||||||
Active Markets for | (Level 2) | Unobservable Inputs | |||||||||||||||||||
Identical Assets | (Level 3) | ||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
Collateral dependent impaired loans | $ | - | $ | 19,944 | $ | - | $ | 19,944 | |||||||||||||
Foreclosed assets | $ | - | $ | 4,498 | $ | - | $ | 4,498 | |||||||||||||
Fair Value Measurements at December 31, 2013, using | |||||||||||||||||||||
Quoted Prices in | Significant Observable Inputs | Significant | Total | ||||||||||||||||||
Active Markets for | (Level 2) | Unobservable Inputs | |||||||||||||||||||
Identical Assets | (Level 3) | ||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
Collateral dependent impaired loans | $ | - | $ | 14,705 | $ | - | $ | 14,705 | |||||||||||||
Foreclosed assets | $ | - | $ | 8,185 | $ | - | $ | 8,185 | |||||||||||||
Investments_Tables
Investments (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Investments [Abstract] | ' | ||||||||||||||||
Schedule of Amortized Cost and Estimated Fair Value of Investment Securities | ' | ||||||||||||||||
Amortized Cost And Estimated Fair Value | |||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||
30-Jun-14 | |||||||||||||||||
Amortized Cost | Gross | Gross | Estimated Fair Value | ||||||||||||||
Unrealized Gains | Unrealized Losses | ||||||||||||||||
US Government agencies | $ | 4,743 | $ | 7 | $ | (78 | ) | $ | 4,672 | ||||||||
Mortgage-backed securities | 351,139 | 4,411 | (1,364 | ) | 354,186 | ||||||||||||
State and poltical subdivisions | 96,592 | 2,623 | (816 | ) | 98,399 | ||||||||||||
Equity securities | 1,336 | 1,151 | - | 2,487 | |||||||||||||
Total investment securities | $ | 453,810 | $ | 8,192 | $ | (2,258 | ) | $ | 459,744 | ||||||||
31-Dec-13 | |||||||||||||||||
Amortized Cost | Gross | Gross | Estimated Fair Value | ||||||||||||||
Unrealized Gains | Unrealized Losses | ||||||||||||||||
US Government agencies | $ | 5,395 | $ | 18 | $ | (109 | ) | $ | 5,304 | ||||||||
Mortgage-backed securities | 320,223 | 3,269 | (2,771 | ) | 320,721 | ||||||||||||
State and political subdivisons | 97,361 | 1,723 | (2,521 | ) | 96,563 | ||||||||||||
Equity securities | 1,336 | 1,120 | - | 2,456 | |||||||||||||
Total investment securities | $ | 424,315 | $ | 6,130 | $ | (5,401 | ) | $ | 425,044 | ||||||||
Schedule of Investment Securities with Unrealized Losses | ' | ||||||||||||||||
Investment Portfolio - Unrealized Losses | |||||||||||||||||
(dollars in thousands, unaudited) | 30-Jun-14 | ||||||||||||||||
Less than Twelve Months | Over Twelve Months | ||||||||||||||||
Gross | Fair Value | Gross | Fair Value | ||||||||||||||
Unrealized Losses | Unrealized Losses | ||||||||||||||||
US Government agencies | $ | (20 | ) | $ | 1,707 | $ | (58 | ) | $ | 2,332 | |||||||
Mortgage-backed securities | (338 | ) | 60,577 | (1,026 | ) | 72,589 | |||||||||||
State and political subdivisions | (44 | ) | 5,929 | (772 | ) | 26,249 | |||||||||||
Other securities | - | - | - | - | |||||||||||||
Total investment securities | $ | (402 | ) | $ | 68,213 | $ | (1,856 | ) | $ | 101,170 | |||||||
31-Dec-13 | |||||||||||||||||
Less than Twelve Months | Over Twelve Months | ||||||||||||||||
Gross | Fair Value | Gross | Fair Value | ||||||||||||||
Unrealized Losses | Unrealized Losses | ||||||||||||||||
US Government agencies | $ | (92 | ) | $ | 1,913 | $ | (17 | ) | $ | 1,920 | |||||||
Mortgage-backed securities | (642 | ) | 21,747 | (2,129 | ) | 124,317 | |||||||||||
State and political subdivisions | (461 | ) | 6,799 | (2,060 | ) | 38,083 | |||||||||||
Other securities | - | - | - | - | |||||||||||||
Total investment securities | $ | (1,195 | ) | $ | 30,459 | $ | (4,206 | ) | $ | 164,320 | |||||||
Schedule of Gross Realized Gains, Losses and Gross Proceeds | ' | ||||||||||||||||
Investment Portfolio - Realized Gains/(Losses) | |||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||
Three months ended June 30, | Six months ended June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Proceeds from sales of securities available for sale | $ | 4,995 | $ | - | $ | 8,360 | $ | 264 | |||||||||
Gross gains on sale of securities available for sale | $ | 185 | $ | - | $ | 289 | $ | 6 | |||||||||
Gross losses on sale of securities available for sale | (2 | ) | - | (2 | ) | - | |||||||||||
Net gains on sale of securities available for sale | $ | 183 | $ | - | $ | 287 | $ | 6 | |||||||||
Schedule of Contractual Maturities | ' | ||||||||||||||||
Estimated Fair Value of Contractual Maturities | |||||||||||||||||
(dollars in thousands, unaudited) | 30-Jun-14 | ||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||
Maturing within one year | $ | 3,062 | $ | 3,077 | |||||||||||||
Maturing after one year through five years | 222,327 | 225,395 | |||||||||||||||
Maturing after five years through ten years | 64,030 | 65,120 | |||||||||||||||
Maturing after ten years | 51,477 | 51,642 | |||||||||||||||
Investment securities not due at a single maturity date: | |||||||||||||||||
U.S Government agencies collateralized by | |||||||||||||||||
mortgage obligations | 111,578 | 112,024 | |||||||||||||||
Other securities | 1,336 | 2,486 | |||||||||||||||
$ | 453,810 | $ | 459,744 | ||||||||||||||
31-Dec-13 | |||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||
Maturing within one year | $ | 2,294 | $ | 2,316 | |||||||||||||
Maturing after one year through five years | 241,396 | 242,493 | |||||||||||||||
Maturing after five years through ten years | 59,572 | 59,402 | |||||||||||||||
Maturing after ten years | 49,674 | 47,737 | |||||||||||||||
Investment securities not due at a single maturity date: | |||||||||||||||||
U.S Government agencies collateralized by | |||||||||||||||||
mortgage obligations | 70,043 | 70,640 | |||||||||||||||
Other securities | 1,336 | 2,456 | |||||||||||||||
$ | 424,315 | $ | 425,044 | ||||||||||||||
Schedule of Revenue and General Obligation Bonds by Location | ' | ||||||||||||||||
Revenue and General Obligation Bonds by Location | |||||||||||||||||
dollars in thousands, unaudited | 30-Jun-14 | 31-Dec-13 | |||||||||||||||
Amortized | Fair Market | Amortized | Fair Market | ||||||||||||||
General obligation bonds | Cost | Value | Cost | Value | |||||||||||||
State of issuance | |||||||||||||||||
California | $ | 22,103 | $ | 23,139 | $ | 20,638 | $ | 21,272 | |||||||||
Texas | 12,450 | 12,496 | 11,340 | 11,024 | |||||||||||||
Illinois | 8,301 | 8,333 | 8,965 | 8,702 | |||||||||||||
Ohio | 7,646 | 7,669 | 7,659 | 7,485 | |||||||||||||
Washington | 5,997 | 6,087 | 5,487 | 5,340 | |||||||||||||
Arizona | 2,085 | 2,145 | 2,100 | 2,050 | |||||||||||||
Other states | 19,663 | 20,014 | 20,666 | 20,429 | |||||||||||||
Total General Obligation Bonds | 78,245 | 79,883 | 76,855 | 76,302 | |||||||||||||
Revenue bonds | |||||||||||||||||
State of issuance | |||||||||||||||||
Arizona | 4,645 | 4,482 | 4,700 | 4,341 | |||||||||||||
Texas | 3,294 | 3,362 | 2,762 | 2,719 | |||||||||||||
California | 2,169 | 2,235 | 2,519 | 2,579 | |||||||||||||
Washington | 1,169 | 1,206 | 1,170 | 1,211 | |||||||||||||
Ohio | 323 | 337 | 324 | 339 | |||||||||||||
Other states | 6,747 | 6,894 | 6,758 | 6,742 | |||||||||||||
Total Revenue Bonds | 18,347 | 18,516 | 18,233 | 17,931 | |||||||||||||
Certificates of participation (All California) | - | - | 2,273 | 2,330 | |||||||||||||
Total Obligations of States | |||||||||||||||||
and Political Subdivisions | $ | 96,592 | $ | 98,399 | $ | 97,361 | $ | 96,563 | |||||||||
Schedule of Revenue Bonds by Type | ' | ||||||||||||||||
Revenue Bonds by Type | |||||||||||||||||
dollars in thousands, unaudited | 30-Jun-14 | 31-Dec-13 | |||||||||||||||
Amortized | Fair Market | Amortized | Fair Market | ||||||||||||||
Revenue bonds | Cost | Value | Cost | Value | |||||||||||||
Revenue source: | |||||||||||||||||
Water | $ | 7,350 | $ | 7,295 | $ | 7,409 | $ | 7,144 | |||||||||
College & University | 2,739 | 2,812 | 2,203 | 2,187 | |||||||||||||
Electric & Power | 1,884 | 1,919 | 1,888 | 1,895 | |||||||||||||
Sales Tax | 1,673 | 1,713 | 1,673 | 1,688 | |||||||||||||
Lease | 1,356 | 1,337 | 1,155 | 1,063 | |||||||||||||
Other sources | 3,345 | 3,440 | 3,905 | 3,954 | |||||||||||||
Total Revenue Bonds | $ | 18,347 | $ | 18,516 | $ | 18,233 | $ | 17,931 | |||||||||
Credit_Quality_and_Nonperformi1
Credit Quality and Nonperforming Assets (Tables) | 6 Months Ended | ||||||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||||||
Credit Quality and Nonperforming Assets [Abstract] | ' | ||||||||||||||||||||||||||||||||
Schedule of Credit Quality Classifications | ' | ||||||||||||||||||||||||||||||||
Credit Quality Classifications | |||||||||||||||||||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Impaired | Total | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||
1-4 family residential construction | $ | 4,120 | $ | - | $ | - | $ | - | $ | 4,120 | |||||||||||||||||||||||
Other construction/land | 17,967 | 299 | 10 | 4,878 | 23,154 | ||||||||||||||||||||||||||||
1-4 family - closed end | 97,789 | 927 | 609 | 14,535 | 113,860 | ||||||||||||||||||||||||||||
Equity lines | 47,591 | 213 | 1,250 | 2,268 | 51,322 | ||||||||||||||||||||||||||||
Multi-family residential | 6,565 | 423 | - | - | 6,988 | ||||||||||||||||||||||||||||
Commercial real estate - owner occupied | 177,779 | 21,534 | 3,635 | 4,708 | 207,656 | ||||||||||||||||||||||||||||
Commercial real estate - non-owner occupied | 89,255 | 3,575 | 228 | 12,945 | 106,003 | ||||||||||||||||||||||||||||
Farmland | 122,982 | 2,459 | 79 | 173 | 125,693 | ||||||||||||||||||||||||||||
Total real estate | 564,048 | 29,430 | 5,811 | 39,507 | 638,796 | ||||||||||||||||||||||||||||
Agricultural | 24,812 | 646 | 357 | 327 | 26,142 | ||||||||||||||||||||||||||||
Commercial and Iindustrial | 95,907 | 1,900 | 289 | 3,252 | 101,348 | ||||||||||||||||||||||||||||
Mortgage Warehouse | 106,157 | - | - | - | 106,157 | ||||||||||||||||||||||||||||
Consumer loans | 17,018 | 416 | 113 | 3,051 | 20,598 | ||||||||||||||||||||||||||||
Total gross loans and leases | $ | 807,942 | $ | 32,392 | $ | 6,570 | $ | 46,137 | $ | 893,041 | |||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Impaired | Total | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||
1-4 family residential construction | $ | 1,720 | $ | - | $ | - | $ | - | $ | 1,720 | |||||||||||||||||||||||
Other construction/land | 18,243 | 334 | 203 | 6,751 | 25,531 | ||||||||||||||||||||||||||||
1-4 family - closed end | 67,051 | 1,305 | 770 | 17,898 | 87,024 | ||||||||||||||||||||||||||||
Equity lines | 51,019 | 254 | 1,429 | 1,021 | 53,723 | ||||||||||||||||||||||||||||
Multi-family residential | 8,059 | 426 | - | - | 8,485 | ||||||||||||||||||||||||||||
Commercial real estate - owner occupied | 158,155 | 17,033 | 3,261 | 7,563 | 186,012 | ||||||||||||||||||||||||||||
Commercial real estate - non-owner occupied | 89,475 | 3,630 | 240 | 13,495 | 106,840 | ||||||||||||||||||||||||||||
Farmland | 105,623 | 1,780 | 819 | 282 | 108,504 | ||||||||||||||||||||||||||||
Total real estate | 499,345 | 24,762 | 6,722 | 47,010 | 577,839 | ||||||||||||||||||||||||||||
Agricultural | 24,178 | 532 | - | 470 | 25,180 | ||||||||||||||||||||||||||||
Commercial and industrial | 93,224 | 3,358 | 1,236 | 5,444 | 103,262 | ||||||||||||||||||||||||||||
Mortgage Warehouse | 73,425 | - | - | - | 73,425 | ||||||||||||||||||||||||||||
Consumer loans | 19,387 | 478 | 208 | 3,463 | 23,536 | ||||||||||||||||||||||||||||
Total gross loans and leases | $ | 709,559 | $ | 29,130 | $ | 8,166 | $ | 56,387 | $ | 803,242 | |||||||||||||||||||||||
Schedule of Past Due and Nonaccrual Loans | ' | ||||||||||||||||||||||||||||||||
Loan Portfolio Aging | |||||||||||||||||||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | 90 Days | Total Past Due | Current | Total Financing Receivables | Non-Accrual Loans(1) | |||||||||||||||||||||||||||
Past Due | Past Due | Or More | |||||||||||||||||||||||||||||||
Past Due(2) | |||||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||
1-4 family residential construction | $ | - | $ | 7 | $ | - | $ | 7 | $ | 4,113 | $ | 4,120 | $ | - | |||||||||||||||||||
Other construction/land | - | 3,682 | - | 3,682 | 19,472 | 23,154 | 3,682 | ||||||||||||||||||||||||||
1-4 family - closed end | 125 | 2,707 | - | 2,832 | 111,028 | 113,860 | 10,071 | ||||||||||||||||||||||||||
Equity lines | 6 | 86 | 838 | 930 | 50,392 | 51,322 | 1,997 | ||||||||||||||||||||||||||
Multi-family residential | - | - | - | - | 6,988 | 6,988 | - | ||||||||||||||||||||||||||
Commercial real estate - owner occupied | 218 | 362 | 1,640 | 2,220 | 205,436 | 207,656 | 3,485 | ||||||||||||||||||||||||||
Commercial real estate - non-owner occupied | 834 | 202 | 6,842 | 7,878 | 98,125 | 106,003 | 7,671 | ||||||||||||||||||||||||||
Farmland | 937 | - | - | 937 | 124,756 | 125,693 | 173 | ||||||||||||||||||||||||||
Total real estate | 2,120 | 7,046 | 9,320 | 18,486 | 620,310 | 638,796 | 27,079 | ||||||||||||||||||||||||||
Agricultural | 159 | 358 | 327 | 844 | 25,298 | 26,142 | 327 | ||||||||||||||||||||||||||
Commercial and industrial | 399 | - | 401 | 800 | 100,548 | 101,348 | 992 | ||||||||||||||||||||||||||
Mortgage Warehouse | - | - | - | - | 106,157 | 106,157 | - | ||||||||||||||||||||||||||
Consumer loans | 212 | - | 39 | 251 | 20,347 | 20,598 | 838 | ||||||||||||||||||||||||||
Total gross loans and leases | $ | 2,890 | $ | 7,404 | $ | 10,087 | $ | 20,381 | $ | 872,660 | $ | 893,041 | $ | 29,236 | |||||||||||||||||||
(1) Included in total financing receivables | |||||||||||||||||||||||||||||||||
(2) As of June 30, 2014 there were no loans over 90 days past due and still acrruing. | |||||||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | 90 Days | Total Past Due | Current | Total Financing Receivables | Non-Accrual Loans(1) | |||||||||||||||||||||||||||
Past Due | Past Due | Or More | |||||||||||||||||||||||||||||||
Past Due(2) | |||||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||
1-4 family residential construction | $ | - | $ | - | $ | - | $ | - | $ | 1,720 | $ | 1,720 | $ | - | |||||||||||||||||||
Other construction/land | 294 | - | 116 | 410 | 25,121 | 25,531 | 5,528 | ||||||||||||||||||||||||||
1-4 family - closed end | 2,181 | 300 | 171 | 2,652 | 84,372 | 87,024 | 13,168 | ||||||||||||||||||||||||||
Equity lines | 98 | - | 288 | 386 | 53,337 | 53,723 | 778 | ||||||||||||||||||||||||||
Multi-family residential | - | - | - | - | 8,485 | 8,485 | - | ||||||||||||||||||||||||||
Commercial real estate - owner occupied | 1,917 | 144 | 2,011 | 4,072 | 181,940 | 186,012 | 5,516 | ||||||||||||||||||||||||||
Commercial real estate - non-owner occupied | - | - | 7,667 | 7,667 | 99,173 | 106,840 | 8,058 | ||||||||||||||||||||||||||
Farmland | 331 | - | - | 331 | 108,173 | 108,504 | 282 | ||||||||||||||||||||||||||
Total real estate | 4,821 | 444 | 10,253 | 15,518 | 562,321 | 577,839 | 33,330 | ||||||||||||||||||||||||||
Agricultural | 892 | 327 | 125 | 1,344 | 23,836 | 25,180 | 470 | ||||||||||||||||||||||||||
Commercial and industrial | 1,318 | 587 | 1,298 | 3,203 | 100,059 | 103,262 | 2,622 | ||||||||||||||||||||||||||
Mortgage Warehouse | - | - | - | - | 73,425 | 73,425 | - | ||||||||||||||||||||||||||
Consumer loans | 181 | - | - | 181 | 23,355 | 23,536 | 992 | ||||||||||||||||||||||||||
Total gross loans and leases | $ | 7,212 | $ | 1,358 | $ | 11,676 | $ | 20,246 | $ | 782,996 | $ | 803,242 | $ | 37,414 | |||||||||||||||||||
(1) Included in total financing receivables | |||||||||||||||||||||||||||||||||
(2) As of December 31, 2013 there were no loans over 90 days past due and still accruing. | |||||||||||||||||||||||||||||||||
Schedule of Troubled Debt Restructurings | ' | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings, by Type of Loan Modification | |||||||||||||||||||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||||||||||||||||||
For the six months Ended Ended June 30, 2014 | |||||||||||||||||||||||||||||||||
Rate Modification | Term Modification | Interest Only Modification | Rate & Term Modification | Rate & Interest Only Modification | Term & Interest Only Modification | Rate, Term & Interest Only Modification | Total | ||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Other construction/land | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||
1-4 family - closed-end | - | 13 | - | - | - | - | - | 13 | |||||||||||||||||||||||||
Equity lines | - | 321 | - | 29 | - | - | - | 350 | |||||||||||||||||||||||||
Commercial real estate - owner occupied | 279 | 123 | - | - | - | - | - | 402 | |||||||||||||||||||||||||
Total real estate loans | 279 | 457 | - | 29 | - | - | - | 765 | |||||||||||||||||||||||||
Commercial and industrial | - | 133 | - | 4 | - | 30 | - | 167 | |||||||||||||||||||||||||
Consumer loans | - | 9 | - | - | - | - | - | 9 | |||||||||||||||||||||||||
$ | 279 | $ | 599 | $ | - | $ | 33 | $ | - | $ | 30 | $ | - | $ | 941 | ||||||||||||||||||
For the year ended December 31, 2013 | |||||||||||||||||||||||||||||||||
Rate Modification | Term Modification | Interest Only Modification | Rate & Term Modification | Rate & Interest Only Modification | Term & Interest Only Modification | Rate, Term & Interest Only Modification | Total | ||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||
Other construction/land | $ | - | $ | 416 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 416 | |||||||||||||||||
1-4 family - closed-end | - | 3,338 | - | 238 | - | - | 102 | 3,678 | |||||||||||||||||||||||||
Equity lines | - | - | 40 | - | - | - | - | 40 | |||||||||||||||||||||||||
Commercial real estate - owner occupied | - | - | - | 557 | - | - | - | 557 | |||||||||||||||||||||||||
Total real estate loans | - | 3,754 | 40 | 795 | - | - | 102 | 4,691 | |||||||||||||||||||||||||
Commercial and industrial | - | 1,563 | - | 308 | - | - | - | 1,871 | |||||||||||||||||||||||||
Consumer loans | - | 469 | - | - | - | - | 92 | 561 | |||||||||||||||||||||||||
$ | - | $ | 5,786 | $ | 40 | $ | 1,103 | $ | - | $ | - | $ | 194 | $ | 7,123 | ||||||||||||||||||
Schedule of Additional Details Related to Loans Classified as TDR | ' | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||||||||||||||||||
For the three months Ended June 30, 2014 | |||||||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | ||||||||||||||||||||||||||||||||
Number of Loans | Outstanding | Outstanding | Reserve Difference(1) | Reserve | |||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||
Other Construction/Land | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||
1-4 family - closed-end | - | - | - | - | - | ||||||||||||||||||||||||||||
Equity Lines | 3 | 350 | 350 | 169 | 205 | ||||||||||||||||||||||||||||
Commercial RE- owner occupied | 1 | 279 | 279 | - | 139 | ||||||||||||||||||||||||||||
Total Real Estate Loans | 629 | 629 | 169 | 344 | |||||||||||||||||||||||||||||
Commercial and Industrial | 2 | 53 | 53 | 29 | 33 | ||||||||||||||||||||||||||||
Consumer loans | 2 | 7 | 7 | 1 | 2 | ||||||||||||||||||||||||||||
$ | 689 | $ | 689 | $ | 199 | $ | 379 | ||||||||||||||||||||||||||
(1) This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology. | |||||||||||||||||||||||||||||||||
For the six months Ended June 30, 2014 | |||||||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | ||||||||||||||||||||||||||||||||
Number of Loans | Outstanding | Outstanding | Reserve Difference(1) | Reserve | |||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||
Other Construction/Land | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||
1-4 family - closed-end | 1 | 13 | 13 | - | - | ||||||||||||||||||||||||||||
Equity Lines | 3 | 350 | 350 | 169 | 203 | ||||||||||||||||||||||||||||
Commercial RE- owner occupied | 2 | 402 | 402 | - | 141 | ||||||||||||||||||||||||||||
Total Real Estate Loans | 765 | 765 | 169 | 344 | |||||||||||||||||||||||||||||
Commercial and Industrial | 5 | 167 | 167 | 52 | 43 | ||||||||||||||||||||||||||||
Consumer loans | 3 | 9 | 9 | 1 | 2 | ||||||||||||||||||||||||||||
$ | 941 | $ | 941 | $ | 222 | $ | 389 | ||||||||||||||||||||||||||
(1) This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowancefor loan loss methodology. | |||||||||||||||||||||||||||||||||
Schedule of Troubled Debt Restructurings Defaulted During Period | ' | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||||||||||||||||||
Subsequent default three months ended June 30, 2014 | |||||||||||||||||||||||||||||||||
Number of Loans | Recorded Investment | Charge-Offs | |||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||
Other Construction/Land | 3 | $ | 1,546 | $ | - | ||||||||||||||||||||||||||||
1-4 family - closed-end | 2 | 8,305 | - | ||||||||||||||||||||||||||||||
Commercial real estate- owner occupied | 1 | 222 | 31 | ||||||||||||||||||||||||||||||
Total Real Estate Loans | 10,073 | 31 | |||||||||||||||||||||||||||||||
Commercial and Industrial | - | - | - | ||||||||||||||||||||||||||||||
Consumer Loans | - | - | - | ||||||||||||||||||||||||||||||
$ | 10,073 | $ | 31 | ||||||||||||||||||||||||||||||
Subsequent default six months ended June 30, 2014 | |||||||||||||||||||||||||||||||||
Number of Loans | Recorded Investment | Charge-Offs | |||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||||
Other Construction/Land | 3 | $ | 1,546 | $ | - | ||||||||||||||||||||||||||||
1-4 family - closed-end | 2 | 8,305 | - | ||||||||||||||||||||||||||||||
Commercial real estate- owner occupied | 1 | 222 | 31 | ||||||||||||||||||||||||||||||
Total Real Estate Loans | 10,073 | 31 | |||||||||||||||||||||||||||||||
Commercial and Industrial | 1 | 127 | - | ||||||||||||||||||||||||||||||
Consumer Loans | 2 | 133 | 58 | ||||||||||||||||||||||||||||||
$ | 10,333 | $ | 89 | ||||||||||||||||||||||||||||||
Allowance_for_Loan_and_Lease_L1
Allowance for Loan and Lease Losses (Tables) | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Impaired Loans | ' | ||||||||||||||||||||||||
Impaired Loans | 30-Jun-14 | ||||||||||||||||||||||||
(dollars in thousands, unaudited) | Unpaid | Recorded | Related | Average | Interest | ||||||||||||||||||||
Principal | Investment(2) | Allowance | Recorded | Income | |||||||||||||||||||||
Balance(1) | Investment | Recognized(3) | |||||||||||||||||||||||
With an allowance recorded | |||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||
1-4 family residential construction | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
Other construction/land | 2,904 | 2,903 | 434 | 3,092 | 47 | ||||||||||||||||||||
1-4 Family - closed-end | 11,055 | 11,055 | 1,214 | 11,918 | 135 | ||||||||||||||||||||
Equity lines | 1,867 | 1,702 | 450 | 1,918 | 6 | ||||||||||||||||||||
Commercial real estate- owner occupied | 2,665 | 2,555 | 1,259 | 2,790 | 26 | ||||||||||||||||||||
Commercial real estate- non-owner occupied | 10,423 | 10,424 | 1,079 | 10,896 | 148 | ||||||||||||||||||||
Farmland | - | - | - | - | - | ||||||||||||||||||||
Total real estate | 28,914 | 28,639 | 4,436 | 30,614 | 362 | ||||||||||||||||||||
Agriculture | - | - | - | - | - | ||||||||||||||||||||
Commercial and industrial | 3,197 | 3,184 | 807 | 3,185 | 61 | ||||||||||||||||||||
Consumer loans | 2,929 | 2,927 | 336 | 3,131 | 81 | ||||||||||||||||||||
35,040 | 34,750 | 5,579 | 36,930 | 504 | |||||||||||||||||||||
With no related allowance recorded | |||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||
1-4 family residential construction | - | - | - | - | - | ||||||||||||||||||||
Other construction/land | 2,033 | 1,975 | - | 2,409 | - | ||||||||||||||||||||
1-4 family - closed-end | 3,637 | 3,480 | - | 4,339 | - | ||||||||||||||||||||
Equity lines | 746 | 566 | - | 759 | - | ||||||||||||||||||||
Commercial real estate- owner occupied | 3,483 | 2,153 | - | 3,773 | - | ||||||||||||||||||||
Commercial real estate- non-owner occupied | 2,669 | 2,521 | - | 2,790 | 58 | ||||||||||||||||||||
Farmland | 173 | 173 | - | 203 | - | ||||||||||||||||||||
Total real estate | 12,741 | 10,868 | - | 14,273 | 58 | ||||||||||||||||||||
Agriculture | 327 | 327 | - | 336 | - | ||||||||||||||||||||
Commercial and industrial | 93 | 68 | - | 123 | - | ||||||||||||||||||||
Consumer loans | 401 | 124 | - | 528 | - | ||||||||||||||||||||
13,562 | 11,387 | - | 15,260 | 58 | |||||||||||||||||||||
Total | $ | 48,602 | $ | 46,137 | $ | 5,579 | $ | 52,190 | $ | 562 | |||||||||||||||
(1) Contractual principal balance due from customer. | |||||||||||||||||||||||||
(2) Principal balance on Company's books, less any direct charge offs. | |||||||||||||||||||||||||
(3) Interest income is recognized on performing balances on a regular accrual basis. | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
Unpaid Principal Balance(1) | Recorded Investment(2) | Related Allowance | Average Recorded Investment | Interest Income Recognized(3) | |||||||||||||||||||||
With an allowance recorded | |||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||
1-4 family residential construction | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
Other construction/land | 2,972 | 2,972 | 502 | 3,000 | 98 | ||||||||||||||||||||
1-4 family - closed-end | 13,522 | 13,522 | 1,324 | 13,630 | 260 | ||||||||||||||||||||
Equity lines | 528 | 528 | 123 | 530 | 13 | ||||||||||||||||||||
Commercial real estate- owner occupied | 2,047 | 2,047 | 217 | 2,069 | 135 | ||||||||||||||||||||
Commercial real estate- non-owner occupied | 3,715 | 3,715 | 701 | 3,813 | 238 | ||||||||||||||||||||
Farmland | - | - | - | - | - | ||||||||||||||||||||
Total real estate | 22,784 | 22,784 | 2,867 | 23,042 | 744 | ||||||||||||||||||||
Agriculture | 125 | 125 | 126 | 131 | - | ||||||||||||||||||||
Commercial and industrial | 4,580 | 4,345 | 1,925 | 4,496 | 131 | ||||||||||||||||||||
Consumer loans | 3,411 | 3,411 | 431 | 3,591 | 172 | ||||||||||||||||||||
30,900 | 30,665 | 5,349 | 31,260 | 1,047 | |||||||||||||||||||||
With no related allowance recorded | |||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||
1-4 family residential construction | - | - | - | - | - | ||||||||||||||||||||
Other construction/land | 4,176 | 3,779 | - | 3,885 | - | ||||||||||||||||||||
1-4 family - closed-end | 4,655 | 4,376 | - | 4,687 | 1 | ||||||||||||||||||||
Equity lines | 565 | 493 | - | 493 | - | ||||||||||||||||||||
Commercial real estate- owner occupied | 7,436 | 5,516 | - | 5,568 | - | ||||||||||||||||||||
Commercial real estate- non-owner occupied | 10,077 | 9,780 | - | 9,820 | 115 | ||||||||||||||||||||
Farmland | 282 | 282 | - | 290 | - | ||||||||||||||||||||
Total real estate | 27,191 | 24,226 | - | 24,743 | 116 | ||||||||||||||||||||
Agriculture | 345 | 345 | - | 837 | - | ||||||||||||||||||||
Commercial and industrial | 1,249 | 1,099 | - | 1,607 | 57 | ||||||||||||||||||||
Consumer loans | 241 | 52 | - | 77 | - | ||||||||||||||||||||
29,026 | 25,722 | - | 27,264 | 173 | |||||||||||||||||||||
Total | $ | 59,926 | $ | 56,387 | $ | 5,349 | $ | 58,524 | $ | 1,220 | |||||||||||||||
(1) Contractual principal balance due from customer. | |||||||||||||||||||||||||
(2) Principal balance on Company's books, less any direct charge offs. | |||||||||||||||||||||||||
(3) Interest income is recognized on performing balances on a regular accrual basis. | |||||||||||||||||||||||||
Schedule of Activity in Allowance for Loan and Lease Losses | ' | ||||||||||||||||||||||||
Allowance for Credit Losses and Recorded Investment in Financing Receivables | |||||||||||||||||||||||||
(dollars in thousands, unaudited) | |||||||||||||||||||||||||
For the Three Months Ended June 30, 2014 | |||||||||||||||||||||||||
Real Estate | Agricultural | Commercial and Industrial | Consumer | Unallocated | Total | ||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||
Beginning Balance | $ | 7,396 | $ | 847 | $ | 1,418 | $ | 1,438 | $ | 392 | $ | 11,491 | |||||||||||||
Charge-offs | (307 | ) | - | (226 | ) | (564 | ) | - | (1,097 | ) | |||||||||||||||
Recoveries | 892 | 1 | 54 | 93 | - | 1,040 | |||||||||||||||||||
Provision | (703 | ) | 505 | 270 | 496 | (368 | ) | 200 | |||||||||||||||||
Ending Balance | $ | 7,278 | $ | 1,353 | $ | 1,516 | $ | 1,463 | $ | 24 | $ | 11,634 | |||||||||||||
For the Six Months Ended June 30, 2014 | |||||||||||||||||||||||||
Real Estate | Agricultural | Commercial and Industrial | Consumer | Unallocated | Total | ||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||
Beginning Balance | $ | 5,544 | $ | 978 | $ | 3,787 | $ | 1,117 | $ | 251 | $ | 11,677 | |||||||||||||
Charge-offs | (434 | ) | (124 | ) | (412 | ) | (985 | ) | - | (1,955 | ) | ||||||||||||||
Recoveries | 1,199 | 2 | 98 | 263 | - | 1,562 | |||||||||||||||||||
Provision | 969 | 497 | (1,957 | ) | 1,068 | (227 | ) | 350 | |||||||||||||||||
Ending Balance | $ | 7,278 | $ | 1,353 | $ | 1,516 | $ | 1,463 | $ | 24 | $ | 11,634 | |||||||||||||
Reserves: | |||||||||||||||||||||||||
Specific | $ | 4,436 | $ | - | $ | 807 | $ | 336 | $ | - | $ | 5,579 | |||||||||||||
General | 2,842 | 1,353 | 709 | 1,127 | $ | 24 | 6,055 | ||||||||||||||||||
Ending Balance | $ | 7,278 | $ | 1,353 | $ | 1,516 | $ | 1,463 | $ | 24 | $ | 11,634 | |||||||||||||
Loans evaluated for impairment: | |||||||||||||||||||||||||
Individually | $ | 39,507 | $ | 327 | $ | 3,252 | $ | 3,051 | $ | - | $ | 46,137 | |||||||||||||
Collectively | 599,289 | 25,815 | 204,253 | 17,547 | - | 846,904 | |||||||||||||||||||
Ending Balance | $ | 638,796 | $ | 26,142 | $ | 207,505 | $ | 20,598 | $ | - | $ | 893,041 | |||||||||||||
For the Year Ended December 31, 2013 | |||||||||||||||||||||||||
Real Estate | Agricultural | Commercial and Industrial | Consumer | Unallocated | Total | ||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||
Beginning Balance | $ | 8,034 | $ | 258 | $ | 3,467 | $ | 2,114 | $ | - | $ | 13,873 | |||||||||||||
Charge-offs | (4,205 | ) | (473 | ) | (1,668 | ) | (1,917 | ) | - | (8,263 | ) | ||||||||||||||
Recoveries | 618 | - | 802 | 297 | - | 1,717 | |||||||||||||||||||
Provision | 1,097 | 1,193 | 1,186 | 623 | 251 | 4,350 | |||||||||||||||||||
Ending balance | $ | 5,544 | $ | 978 | $ | 3,787 | $ | 1,117 | $ | 251 | $ | 11,677 | |||||||||||||
Reserves: | |||||||||||||||||||||||||
Specific | $ | 2,867 | $ | 126 | $ | 1,925 | $ | 431 | $ | 5,349 | |||||||||||||||
General | 2,677 | 852 | 1,862 | 686 | 251 | 6,328 | |||||||||||||||||||
Ending balance | $ | 5,544 | $ | 978 | $ | 3,787 | $ | 1,117 | $ | 251 | $ | 11,677 | |||||||||||||
Loans evaluated for impairment: | |||||||||||||||||||||||||
Individually | $ | 47,010 | $ | 470 | $ | 5,444 | $ | 3,463 | $ | - | $ | 56,387 | |||||||||||||
Collectively | 530,829 | 24,710 | 171,243 | 20,073 | - | 746,855 | |||||||||||||||||||
Ending balance | $ | 577,839 | $ | 25,180 | $ | 176,687 | $ | 23,536 | $ | - | $ | 803,242 | |||||||||||||
The_Business_of_Sierra_Bancorp1
The Business of Sierra Bancorp (Details) | Jun. 30, 2014 |
The Business of Sierra Bancorp [Abstract] | ' |
Number of full service branch offices | 25 |
Non-branch ATM locations | 6 |
Recovered_Sheet1
Supplemental Disclosure Of Cash Flow Information (Details) (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Supplemental Disclosure of Cash Flow Information [Abstract] | ' | ' |
Cash paid for interest due on interest-bearing liabilities | $1,502 | $1,794 |
Cash paid for income taxes | 160 | ' |
Assets acquired in settlement of loans | 184 | 2,622 |
Proceeds from sales of foreclosed assets less loans extended to finance sales | $4,116 | $10,156 |
Share_Based_Compensation_Detai
Share Based Compensation (Details) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2007 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' |
Share-based compensation expense | ' | ' | $33 | $150 | ' |
1998 Plan [Member] | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' |
Number of Shares Outstanding | 123,950 | ' | 123,950 | ' | ' |
2007 Plan [Member] | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' |
Shares authorized but unissued | ' | ' | ' | ' | 1,500,000 |
Number of remaining shares available for grant | 829,920 | ' | 829,920 | ' | ' |
Share-based compensation expense | $21 | $57 | $33 | $151 | ' |
Earnings_Per_Share_Details
Earnings Per Share (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Earnings per Share [Abstract] | ' | ' | ' | ' |
Weighted average shares outstanding | 14,086,939 | 14,128,146 | 14,157,103 | 14,120,865 |
Increase in weighted average shares outstanding assuming dilution effect of options outstanding | 125,593 | 99,189 | 134,256 | 91,045 |
Financial_Instruments_with_Off2
Financial Instruments with Off-Balance-Sheet Risk (Narrative) (Details) (USD $) | Jun. 30, 2014 |
In Thousands, unless otherwise specified | |
Financial Instruments with Off-Balance-Sheet Risk [Abstract] | ' |
Letter of credit | $88,000 |
Financial_Instruments_with_Off3
Financial Instruments with Off-Balance-Sheet Risk (Schedule of Financial Instruments) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Commitments to extend credit [Member] | ' | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Financial instruments off-balance sheet credit risks | $386,378 | $420,707 |
Standby letters of credit [Member] | ' | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Financial instruments off-balance sheet credit risks | 8,884 | 8,703 |
Commercial letters of credit [Member] | ' | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Financial instruments off-balance sheet credit risks | $8,069 | $8,070 |
Fair_Value_Disclosures_and_Rep2
Fair Value Disclosures and Reporting, the Fair Value Option and Fair Value Measurements (Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financial Assets: | ' | ' |
Investment securities available for sale | $459,744 | $425,044 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and cash equivalents | 48,824 | 78,006 |
Investment securities available for sale | 2,487 | 2,456 |
Loans and leases, net | ' | ' |
Collateral dependent impaired loans | ' | ' |
Loans held-for-sale | ' | 105 |
Cash surrender value of life insurance policies | ' | ' |
Other investments | ' | ' |
Investment in limited partnership | ' | ' |
Accrued interest receivable | ' | ' |
Financial liabilities: | ' | ' |
Noninterest-bearing | 351,757 | 365,997 |
Interest-bearing | ' | ' |
Fed funds purchased and repurchase agreements | ' | ' |
Short-term borrowings | ' | ' |
Long-term borrowings | ' | ' |
Subordinated debentures | ' | ' |
Limited partnership capital commitment | ' | ' |
Accrued interest payable | ' | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and cash equivalents | ' | ' |
Investment securities available for sale | 457,257 | 422,588 |
Loans and leases, net | 874,610 | 797,383 |
Collateral dependent impaired loans | 19,944 | 14,705 |
Loans held-for-sale | ' | ' |
Cash surrender value of life insurance policies | 40,230 | 39,424 |
Other investments | 6,122 | 5,932 |
Investment in limited partnership | 7,883 | 9,204 |
Accrued interest receivable | 5,196 | 4,990 |
Financial liabilities: | ' | ' |
Noninterest-bearing | ' | ' |
Interest-bearing | 894,611 | 808,182 |
Fed funds purchased and repurchase agreements | 6,094 | 5,974 |
Short-term borrowings | 7,750 | ' |
Long-term borrowings | ' | ' |
Subordinated debentures | 11,267 | 11,175 |
Limited partnership capital commitment | 914 | 962 |
Accrued interest payable | 153 | 186 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and cash equivalents | ' | ' |
Investment securities available for sale | ' | ' |
Loans and leases, net | ' | ' |
Collateral dependent impaired loans | ' | ' |
Loans held-for-sale | ' | ' |
Cash surrender value of life insurance policies | ' | ' |
Other investments | ' | ' |
Investment in limited partnership | ' | ' |
Accrued interest receivable | ' | ' |
Financial liabilities: | ' | ' |
Noninterest-bearing | ' | ' |
Interest-bearing | ' | ' |
Fed funds purchased and repurchase agreements | ' | ' |
Short-term borrowings | ' | ' |
Long-term borrowings | ' | ' |
Subordinated debentures | ' | ' |
Limited partnership capital commitment | ' | ' |
Accrued interest payable | ' | ' |
Carrying Amount [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and cash equivalents | 48,824 | 78,006 |
Investment securities available for sale | 459,744 | 425,044 |
Loans and leases, net | 862,856 | 778,382 |
Collateral dependent impaired loans | 19,944 | 14,705 |
Loans held-for-sale | ' | 105 |
Cash surrender value of life insurance policies | 40,230 | 39,424 |
Other investments | 6,122 | 5,932 |
Investment in limited partnership | 7,883 | 9,204 |
Accrued interest receivable | 5,196 | 4,990 |
Financial liabilities: | ' | ' |
Noninterest-bearing | 351,757 | 365,997 |
Interest-bearing | 894,370 | 808,182 |
Fed funds purchased and repurchase agreements | 6,094 | 5,974 |
Short-term borrowings | 7,750 | ' |
Long-term borrowings | ' | ' |
Subordinated debentures | 30,928 | 30,928 |
Limited partnership capital commitment | 914 | 962 |
Accrued interest payable | 153 | 186 |
Carrying Amount [Member] | Commitments to extend credit [Member] | ' | ' |
Off-balance-sheet financial instruments: | ' | ' |
Notional Amount | 386,378 | 420,707 |
Carrying Amount [Member] | Standby letters of credit [Member] | ' | ' |
Off-balance-sheet financial instruments: | ' | ' |
Notional Amount | 8,884 | 8,703 |
Carrying Amount [Member] | Commercial lines of credit [Member] | ' | ' |
Off-balance-sheet financial instruments: | ' | ' |
Notional Amount | 8,069 | 8,070 |
Fair Value [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and cash equivalents | 48,824 | 78,006 |
Investment securities available for sale | 459,744 | 425,044 |
Loans and leases, net | 874,610 | 797,383 |
Collateral dependent impaired loans | 19,944 | 14,705 |
Loans held-for-sale | ' | 105 |
Cash surrender value of life insurance policies | 40,230 | 39,424 |
Other investments | 6,122 | 5,932 |
Investment in limited partnership | 7,883 | 9,204 |
Accrued interest receivable | 5,196 | 4,990 |
Financial liabilities: | ' | ' |
Noninterest-bearing | 351,757 | 365,997 |
Interest-bearing | 894,611 | 808,182 |
Fed funds purchased and repurchase agreements | 6,094 | 5,974 |
Short-term borrowings | 7,750 | ' |
Long-term borrowings | ' | ' |
Subordinated debentures | 11,267 | 11,175 |
Limited partnership capital commitment | 914 | 962 |
Accrued interest payable | $153 | $186 |
Fair_Value_Disclosures_and_Rep3
Fair Value Disclosures and Reporting, the Fair Value Option and Fair Value Measurements (Summary of Assets Reported at Fair Value on a Recurring Basis) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | $459,744 | $425,044 |
State and political subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | 98,400 | ' |
Equity securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | 2,487 | 2,456 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | 2,487 | 2,456 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | 457,257 | 422,588 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | ' | ' |
Fair Value, Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | 459,744 | 425,044 |
Fair Value, Measurements, Recurring [Member] | State and political subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | 98,399 | 96,563 |
Fair Value, Measurements, Recurring [Member] | U.S.Government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | 4,672 | 5,304 |
Fair Value, Measurements, Recurring [Member] | U.S. Government agencies collateralized by mortgage obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | 354,186 | 320,721 |
Fair Value, Measurements, Recurring [Member] | Equity securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | 2,487 | 2,456 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | 2,487 | 2,456 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | State and political subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | ' | ' |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | U.S.Government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | ' | ' |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | U.S. Government agencies collateralized by mortgage obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | ' | ' |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Equity securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | 2,487 | 2,456 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | 457,257 | 422,588 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | State and political subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | 98,399 | 96,563 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S.Government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | 4,672 | 5,304 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S. Government agencies collateralized by mortgage obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | 354,186 | 320,721 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Equity securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | ' | ' |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | ' | ' |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | State and political subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | ' | ' |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | U.S.Government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | ' | ' |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | U.S. Government agencies collateralized by mortgage obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | ' | ' |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Equity securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale | ' | ' |
Fair_Value_Disclosures_and_Rep4
Fair Value Disclosures and Reporting, the Fair Value Option and Fair Value Measurements (Summary of Assets Reported at Fair Value on a Non-Recurring Basis) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Foreclosed assets | $4,498 | $8,185 |
Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Collateral dependent impaired loans | 19,944 | 14,705 |
Foreclosed assets | 4,498 | 8,185 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Collateral dependent impaired loans | ' | ' |
Foreclosed assets | ' | ' |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Collateral dependent impaired loans | 19,944 | 14,705 |
Foreclosed assets | 4,498 | 8,185 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Collateral dependent impaired loans | ' | ' |
Foreclosed assets | ' | ' |
Investments_Narrative_Details
Investments (Narrative) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Investments [Abstract] | ' | ' |
Number of securities with unrealized losses | 158 | 197 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Investment securities available-for-sale | $459,744 | $425,044 |
States and political subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Investment securities available-for-sale | 98,400 | ' |
Arizona State Water Infrastructure Finance Authority [Member] | States and political subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Investment securities available-for-sale | $4,500 | ' |
Investments_Schedule_of_Amorti
Investments (Schedule of Amortized Cost and Estimated Fair Value of Investment Securities) (Details) (USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | $453,810 | $424,315 |
Gross Unrealized Gains | 8,192 | 6,130 |
Gross Unrealized Losses | -2,258 | -5,401 |
Estimated Fair Value | 459,744 | 425,044 |
U.S. Government agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 4,743 | 5,395 |
Gross Unrealized Gains | 7 | 18 |
Gross Unrealized Losses | -78 | -109 |
Estimated Fair Value | 4,672 | 5,304 |
Mortgage-backed securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 351,139 | 320,223 |
Gross Unrealized Gains | 4,411 | 3,269 |
Gross Unrealized Losses | -1,364 | -2,771 |
Estimated Fair Value | 354,186 | 320,721 |
States and political subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 96,592 | 97,361 |
Gross Unrealized Gains | 2,623 | 1,723 |
Gross Unrealized Losses | -816 | -2,521 |
Estimated Fair Value | 98,399 | 96,563 |
Equity Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 1,336 | 1,336 |
Gross Unrealized Gains | 1,151 | 1,120 |
Gross Unrealized Losses | ' | ' |
Estimated Fair Value | $2,487 | $2,456 |
Investments_Schedule_of_Invest
Investments (Schedule of Investment Securities with Unrealized Losses) (Details) (USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Gross Unrealized Losses, Less Than Twelve Months | ($402) | ($1,195) |
Fair Value, Less Than Twelve Months | 68,213 | 30,459 |
Gross Unrealized Losses, Over Twelve Months | -1,856 | -4,206 |
Fair Value, Over Twelve Months | 101,170 | 164,320 |
U.S. Government agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Gross Unrealized Losses, Less Than Twelve Months | -20 | -92 |
Fair Value, Less Than Twelve Months | 1,707 | 1,913 |
Gross Unrealized Losses, Over Twelve Months | -58 | -17 |
Fair Value, Over Twelve Months | 2,332 | 1,920 |
Mortgage-backed securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Gross Unrealized Losses, Less Than Twelve Months | -338 | -642 |
Fair Value, Less Than Twelve Months | 60,577 | 21,747 |
Gross Unrealized Losses, Over Twelve Months | -1,026 | -2,129 |
Fair Value, Over Twelve Months | 72,589 | 124,317 |
State and political subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Gross Unrealized Losses, Less Than Twelve Months | -44 | -461 |
Fair Value, Less Than Twelve Months | 5,929 | 6,799 |
Gross Unrealized Losses, Over Twelve Months | -772 | -2,060 |
Fair Value, Over Twelve Months | 26,249 | 38,083 |
Other Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Gross Unrealized Losses, Less Than Twelve Months | ' | ' |
Fair Value, Less Than Twelve Months | ' | ' |
Gross Unrealized Losses, Over Twelve Months | ' | ' |
Fair Value, Over Twelve Months | ' | ' |
Investments_Schedule_of_Gross_
Investments (Schedule of Gross Realized Gains, Losses and Gross Proceeds) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Investments [Abstract] | ' | ' | ' | ' |
Proceeds from sales of securities available for sale | $4,995 | ' | $8,360 | $264 |
Gross gains on sale of securities available for sale | 185 | ' | 289 | 6 |
Gross losses on sale of securities available for sale | -2 | ' | -2 | ' |
Net gains on sale of securities available for sale | $183 | ' | $287 | $6 |
Investments_Schedule_of_Contra
Investments (Schedule of Contractual Maturities) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Amortized Cost | ' | ' |
Maturing within one year | $3,062 | $2,294 |
Maturing after one year through five years | 222,327 | 241,396 |
Maturing after five years through ten years | 64,030 | 59,572 |
Maturing after ten years | 51,477 | 49,674 |
Fair Value | ' | ' |
Maturing within one year | 3,077 | 2,316 |
Maturing after one year through five years | 225,395 | 242,493 |
Maturing after five years through ten years | 65,120 | 59,402 |
Maturing after ten years | 51,642 | 47,737 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 453,810 | 424,315 |
Fair Value | 459,744 | 425,044 |
U.S Government agencies collateralized by mortgage obligations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 111,578 | 70,043 |
Fair Value | 112,024 | 70,640 |
Other securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 1,336 | 1,336 |
Fair Value | $2,486 | $2,456 |
Investments_Schedule_of_Revenu
Investments (Schedule of Revenue and General Obligation Bonds by Location) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | $453,810 | $424,315 |
Estimated Fair Value | 459,744 | 425,044 |
States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 96,592 | 97,361 |
Estimated Fair Value | 98,399 | 96,563 |
General Obligation Bonds [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 78,245 | 76,855 |
Estimated Fair Value | 79,883 | 76,302 |
General Obligation Bonds [Member] | California [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 22,103 | 20,638 |
Estimated Fair Value | 23,139 | 21,272 |
General Obligation Bonds [Member] | Texas [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 12,450 | 11,340 |
Estimated Fair Value | 12,496 | 11,024 |
General Obligation Bonds [Member] | Illinois [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 8,301 | 8,965 |
Estimated Fair Value | 8,333 | 8,702 |
General Obligation Bonds [Member] | Ohio [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 7,646 | 7,659 |
Estimated Fair Value | 7,669 | 7,485 |
General Obligation Bonds [Member] | Washington [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 5,997 | 5,487 |
Estimated Fair Value | 6,087 | 5,340 |
General Obligation Bonds [Member] | Arizona [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 2,085 | 2,100 |
Estimated Fair Value | 2,145 | 2,050 |
General Obligation Bonds [Member] | Other States [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 19,663 | 20,666 |
Estimated Fair Value | 20,014 | 20,429 |
Revenue Bonds [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 18,347 | 18,233 |
Estimated Fair Value | 18,516 | 17,931 |
Revenue Bonds [Member] | California [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 2,169 | 2,519 |
Estimated Fair Value | 2,235 | 2,579 |
Revenue Bonds [Member] | Texas [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 3,294 | 2,762 |
Estimated Fair Value | 3,362 | 2,719 |
Revenue Bonds [Member] | Ohio [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 323 | 324 |
Estimated Fair Value | 337 | 339 |
Revenue Bonds [Member] | Washington [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 1,169 | 1,170 |
Estimated Fair Value | 1,206 | 1,211 |
Revenue Bonds [Member] | Arizona [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 4,645 | 4,700 |
Estimated Fair Value | 4,482 | 4,341 |
Revenue Bonds [Member] | Other States [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 6,747 | 6,758 |
Estimated Fair Value | 6,894 | 6,742 |
Certificates Of Participation [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | ' | 2,273 |
Estimated Fair Value | ' | $2,330 |
Investments_Schedule_of_Revenu1
Investments (Schedule of Revenue Bonds by Type) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | $453,810 | $424,315 |
Estimated Fair Value | 459,744 | 425,044 |
States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 96,592 | 97,361 |
Estimated Fair Value | 98,399 | 96,563 |
Revenue Bonds [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 18,347 | 18,233 |
Estimated Fair Value | 18,516 | 17,931 |
Revenue Bonds [Member] | Water [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 7,350 | 7,409 |
Estimated Fair Value | 7,295 | 7,144 |
Revenue Bonds [Member] | College And University [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 2,739 | 2,203 |
Estimated Fair Value | 2,812 | 2,187 |
Revenue Bonds [Member] | Electric And Power [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 1,884 | 1,888 |
Estimated Fair Value | 1,919 | 1,895 |
Revenue Bonds [Member] | Sales Tax [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 1,673 | 1,673 |
Estimated Fair Value | 1,713 | 1,688 |
Revenue Bonds [Member] | Lease [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 1,356 | 1,155 |
Estimated Fair Value | 1,337 | 1,063 |
Revenue Bonds [Member] | Other Sources [Member] | States and political subdivisions [Member] | ' | ' |
Investment Holdings, Other than Securities [Line Items] | ' | ' |
Amortized Cost | 3,345 | 3,905 |
Estimated Fair Value | $3,440 | $3,954 |
Credit_Quality_and_Nonperformi2
Credit Quality and Nonperforming Assets (Narrative) (Details) (USD $) | 6 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 |
Credit Quality and Nonperforming Assets [Abstract] | ' |
Loan, classified as troubled debt restructuring | $34,600 |
Loan, classified as troubled debt restructuring, non-accrual status | $21,400 |
Credit_Quality_and_Nonperformi3
Credit Quality and Nonperforming Assets (Schedule of Credit Quality Classifications) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | $893,041 | $803,242 |
Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 638,796 | 577,839 |
Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 807,942 | 709,559 |
Pass | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 564,048 | 499,345 |
Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 32,392 | 29,130 |
Special Mention | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 29,430 | 24,762 |
Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 6,570 | 8,166 |
Substandard | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 5,811 | 6,722 |
Impaired | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 46,137 | 56,387 |
Impaired | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 39,507 | 47,010 |
1-4 Family residential construction [Member] | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 4,120 | 1,720 |
1-4 Family residential construction [Member] | Pass | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 4,120 | 1,720 |
1-4 Family residential construction [Member] | Special Mention | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | ' | ' |
1-4 Family residential construction [Member] | Substandard | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | ' | ' |
1-4 Family residential construction [Member] | Impaired | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | ' | ' |
Other construction/land [Member] | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 23,154 | 25,531 |
Other construction/land [Member] | Pass | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 17,967 | 18,243 |
Other construction/land [Member] | Special Mention | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 299 | 334 |
Other construction/land [Member] | Substandard | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 10 | 203 |
Other construction/land [Member] | Impaired | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 4,878 | 6,751 |
1-4 Family - closed end [Member] | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 113,860 | 87,024 |
1-4 Family - closed end [Member] | Pass | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 97,789 | 67,051 |
1-4 Family - closed end [Member] | Special Mention | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 927 | 1,305 |
1-4 Family - closed end [Member] | Substandard | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 609 | 770 |
1-4 Family - closed end [Member] | Impaired | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 14,535 | 17,898 |
Equity Lines [Member] | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 51,322 | 53,723 |
Equity Lines [Member] | Pass | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 47,591 | 51,019 |
Equity Lines [Member] | Special Mention | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 213 | 254 |
Equity Lines [Member] | Substandard | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 1,250 | 1,429 |
Equity Lines [Member] | Impaired | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 2,268 | 1,021 |
Multi-family residential [Member] | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 6,988 | 8,485 |
Multi-family residential [Member] | Pass | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 6,565 | 8,059 |
Multi-family residential [Member] | Special Mention | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 423 | 426 |
Multi-family residential [Member] | Substandard | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | ' | ' |
Multi-family residential [Member] | Impaired | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | ' | ' |
Commercial real estate - owner occupied [Member] | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 207,656 | 186,012 |
Commercial real estate - owner occupied [Member] | Pass | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 177,779 | 158,155 |
Commercial real estate - owner occupied [Member] | Special Mention | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 21,534 | 17,033 |
Commercial real estate - owner occupied [Member] | Substandard | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 3,635 | 3,261 |
Commercial real estate - owner occupied [Member] | Impaired | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 4,708 | 7,563 |
Commercial real estate - non-owner occupied [Member] | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 106,003 | 106,840 |
Commercial real estate - non-owner occupied [Member] | Pass | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 89,255 | 89,475 |
Commercial real estate - non-owner occupied [Member] | Special Mention | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 3,575 | 3,630 |
Commercial real estate - non-owner occupied [Member] | Substandard | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 228 | 240 |
Commercial real estate - non-owner occupied [Member] | Impaired | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 12,945 | 13,495 |
Farmland [Member] | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 125,693 | 108,504 |
Farmland [Member] | Pass | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 122,982 | 105,623 |
Farmland [Member] | Special Mention | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 2,459 | 1,780 |
Farmland [Member] | Substandard | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 79 | 819 |
Farmland [Member] | Impaired | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 173 | 282 |
Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 26,142 | 25,180 |
Agricultural [Member] | Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 24,812 | 24,178 |
Agricultural [Member] | Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 646 | 532 |
Agricultural [Member] | Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 357 | ' |
Agricultural [Member] | Impaired | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 327 | 470 |
Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 101,348 | 103,262 |
Commercial and Industrial [Member] | Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 95,907 | 93,224 |
Commercial and Industrial [Member] | Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 1,900 | 3,358 |
Commercial and Industrial [Member] | Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 289 | 1,236 |
Commercial and Industrial [Member] | Impaired | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 3,252 | 5,444 |
Mortgage Warehouse [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 106,157 | 73,425 |
Mortgage Warehouse [Member] | Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 106,157 | 73,425 |
Mortgage Warehouse [Member] | Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | ' | ' |
Mortgage Warehouse [Member] | Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | ' | ' |
Mortgage Warehouse [Member] | Impaired | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | ' | ' |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 20,598 | 23,536 |
Consumer [Member] | Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 17,018 | 19,387 |
Consumer [Member] | Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 416 | 478 |
Consumer [Member] | Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | 113 | 208 |
Consumer [Member] | Impaired | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Financing Receivable | $3,051 | $3,463 |
Credit_Quality_and_Nonperformi4
Credit Quality and Nonperforming Assets (Schedule of Past Due and Nonaccrual Loans) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | ||
In Thousands, unless otherwise specified | ||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30-59 Days Past Due | $2,890 | $7,212 | ||
60-89 Days Past Due | 7,404 | 1,358 | ||
90 Days or More Past Due | 10,087 | [1] | 11,676 | [2] |
Total Past Due | 20,381 | 20,246 | ||
Current | 872,660 | 782,996 | ||
Total Financing Receivables | 893,041 | 803,242 | ||
Non-Accrual Loans | 29,236 | [3] | 37,414 | [3] |
Agricultural [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30-59 Days Past Due | 159 | 892 | ||
60-89 Days Past Due | 358 | 327 | ||
90 Days or More Past Due | 327 | [1] | 125 | [2] |
Total Past Due | 844 | 1,344 | ||
Current | 25,298 | 23,836 | ||
Total Financing Receivables | 26,142 | 25,180 | ||
Non-Accrual Loans | 327 | [3] | 470 | [3] |
Commercial and Industrial [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30-59 Days Past Due | 399 | 1,318 | ||
60-89 Days Past Due | ' | 587 | ||
90 Days or More Past Due | 401 | [1] | 1,298 | [2] |
Total Past Due | 800 | 3,203 | ||
Current | 100,548 | 100,059 | ||
Total Financing Receivables | 101,348 | 103,262 | ||
Non-Accrual Loans | 992 | [3] | 2,622 | [3] |
Mortgage Warehouse [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30-59 Days Past Due | ' | ' | ||
60-89 Days Past Due | ' | ' | ||
90 Days or More Past Due | ' | [1] | ' | [2] |
Total Past Due | ' | ' | ||
Current | 106,157 | 73,425 | ||
Total Financing Receivables | 106,157 | 73,425 | ||
Non-Accrual Loans | ' | [3] | ' | [3] |
Consumer [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30-59 Days Past Due | 212 | 181 | ||
60-89 Days Past Due | ' | ' | ||
90 Days or More Past Due | 39 | [1] | ' | [2] |
Total Past Due | 251 | 181 | ||
Current | 20,347 | 23,355 | ||
Total Financing Receivables | 20,598 | 23,536 | ||
Non-Accrual Loans | 838 | [3] | 992 | [3] |
Real Estate Loans [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30-59 Days Past Due | 2,120 | 4,821 | ||
60-89 Days Past Due | 7,046 | 444 | ||
90 Days or More Past Due | 9,320 | [1] | 10,253 | [2] |
Total Past Due | 18,486 | 15,518 | ||
Current | 620,310 | 562,321 | ||
Total Financing Receivables | 638,796 | 577,839 | ||
Non-Accrual Loans | 27,079 | [3] | 33,330 | [3] |
Real Estate Loans [Member] | 1-4 Family residential construction [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30-59 Days Past Due | ' | ' | ||
60-89 Days Past Due | 7 | ' | ||
90 Days or More Past Due | ' | [1] | ' | [2] |
Total Past Due | 7 | ' | ||
Current | 4,113 | 1,720 | ||
Total Financing Receivables | 4,120 | 1,720 | ||
Non-Accrual Loans | ' | [3] | ' | [3] |
Real Estate Loans [Member] | Other construction/land [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30-59 Days Past Due | ' | 294 | ||
60-89 Days Past Due | 3,682 | ' | ||
90 Days or More Past Due | ' | [1] | 116 | [2] |
Total Past Due | 3,682 | 410 | ||
Current | 19,472 | 25,121 | ||
Total Financing Receivables | 23,154 | 25,531 | ||
Non-Accrual Loans | 3,682 | [3] | 5,528 | [3] |
Real Estate Loans [Member] | 1-4 Family - closed end [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30-59 Days Past Due | 125 | 2,181 | ||
60-89 Days Past Due | 2,707 | 300 | ||
90 Days or More Past Due | ' | [1] | 171 | [2] |
Total Past Due | 2,832 | 2,652 | ||
Current | 111,028 | 84,372 | ||
Total Financing Receivables | 113,860 | 87,024 | ||
Non-Accrual Loans | 10,071 | [3] | 13,168 | [3] |
Real Estate Loans [Member] | Equity Lines [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30-59 Days Past Due | 6 | 98 | ||
60-89 Days Past Due | 86 | ' | ||
90 Days or More Past Due | 838 | [1] | 288 | [2] |
Total Past Due | 930 | 386 | ||
Current | 50,392 | 53,337 | ||
Total Financing Receivables | 51,322 | 53,723 | ||
Non-Accrual Loans | 1,997 | [3] | 778 | [3] |
Real Estate Loans [Member] | Multi-family residential [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30-59 Days Past Due | ' | ' | ||
60-89 Days Past Due | ' | ' | ||
90 Days or More Past Due | ' | [1] | ' | [2] |
Total Past Due | ' | ' | ||
Current | 6,988 | 8,485 | ||
Total Financing Receivables | 6,988 | 8,485 | ||
Non-Accrual Loans | ' | [3] | ' | [3] |
Real Estate Loans [Member] | Commercial real estate - owner occupied [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30-59 Days Past Due | 218 | 1,917 | ||
60-89 Days Past Due | 362 | 144 | ||
90 Days or More Past Due | 1,640 | [1] | 2,011 | [2] |
Total Past Due | 2,220 | 4,072 | ||
Current | 205,436 | 181,940 | ||
Total Financing Receivables | 207,656 | 186,012 | ||
Non-Accrual Loans | 3,485 | [3] | 5,516 | [3] |
Real Estate Loans [Member] | Commercial real estate - non-owner occupied [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30-59 Days Past Due | 834 | ' | ||
60-89 Days Past Due | 202 | ' | ||
90 Days or More Past Due | 6,842 | [1] | 7,667 | [2] |
Total Past Due | 7,878 | 7,667 | ||
Current | 98,125 | 99,173 | ||
Total Financing Receivables | 106,003 | 106,840 | ||
Non-Accrual Loans | 7,671 | [3] | 8,058 | [3] |
Real Estate Loans [Member] | Farmland [Member] | ' | ' | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ||
30-59 Days Past Due | 937 | 331 | ||
60-89 Days Past Due | ' | ' | ||
90 Days or More Past Due | ' | [1] | ' | [2] |
Total Past Due | 937 | 331 | ||
Current | 124,756 | 108,173 | ||
Total Financing Receivables | 125,693 | 108,504 | ||
Non-Accrual Loans | $173 | [3] | $282 | [3] |
[1] | As of June 30, 2014 there were no loans over 90 days past due and still accruing. | |||
[2] | As of December 31, 2013 there were no loans over 90 days past due and still accruing. | |||
[3] | Included in total financing receivables |
Credit_Quality_and_Nonperformi5
Credit Quality and Nonperforming Assets (Schedule of Troubled Debt Restructurings) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | $689 | $941 | $7,123 |
Commercial and Industrial [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | 53 | 167 | 1,871 |
Consumer [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | 7 | 9 | 561 |
Real Estate Loans [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | 629 | 765 | 4,691 |
Real Estate Loans [Member] | Other construction/land [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | 416 |
Real Estate Loans [Member] | 1-4 Family - closed end [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | 13 | 3,678 |
Real Estate Loans [Member] | Equity Lines [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | 350 | 350 | 40 |
Real Estate Loans [Member] | Commercial real estate - owner occupied [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | 279 | 402 | 557 |
Rate Modification [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | 279 | ' |
Rate Modification [Member] | Commercial and Industrial [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Rate Modification [Member] | Consumer [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Rate Modification [Member] | Real Estate Loans [Member] | Other construction/land [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Rate Modification [Member] | Real Estate Loans [Member] | 1-4 Family - closed end [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Rate Modification [Member] | Real Estate Loans [Member] | Equity Lines [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Rate Modification [Member] | Real Estate Loans [Member] | Commercial real estate - owner occupied [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | 279 | ' |
Term Modification [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | 599 | 5,786 |
Term Modification [Member] | Commercial and Industrial [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | 133 | 1,563 |
Term Modification [Member] | Consumer [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | 9 | 469 |
Term Modification [Member] | Real Estate Loans [Member] | Other construction/land [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | 416 |
Term Modification [Member] | Real Estate Loans [Member] | 1-4 Family - closed end [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | 13 | 3,338 |
Term Modification [Member] | Real Estate Loans [Member] | Equity Lines [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | 321 | ' |
Term Modification [Member] | Real Estate Loans [Member] | Commercial real estate - owner occupied [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | 123 | ' |
Interest-Only Modification [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | 40 |
Interest-Only Modification [Member] | Commercial and Industrial [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Interest-Only Modification [Member] | Consumer [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Interest-Only Modification [Member] | Real Estate Loans [Member] | Other construction/land [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Interest-Only Modification [Member] | Real Estate Loans [Member] | 1-4 Family - closed end [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Interest-Only Modification [Member] | Real Estate Loans [Member] | Equity Lines [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | 40 |
Interest-Only Modification [Member] | Real Estate Loans [Member] | Commercial real estate - owner occupied [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Rate & Term Modification [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | 33 | 1,103 |
Rate & Term Modification [Member] | Commercial and Industrial [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | 4 | 308 |
Rate & Term Modification [Member] | Consumer [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Rate & Term Modification [Member] | Real Estate Loans [Member] | Other construction/land [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Rate & Term Modification [Member] | Real Estate Loans [Member] | 1-4 Family - closed end [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | 238 |
Rate & Term Modification [Member] | Real Estate Loans [Member] | Equity Lines [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | 29 | ' |
Rate & Term Modification [Member] | Real Estate Loans [Member] | Commercial real estate - owner occupied [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | 557 |
Rate & Interest-Only Modification [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Rate & Interest-Only Modification [Member] | Commercial and Industrial [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Rate & Interest-Only Modification [Member] | Consumer [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Rate & Interest-Only Modification [Member] | Real Estate Loans [Member] | Other construction/land [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Rate & Interest-Only Modification [Member] | Real Estate Loans [Member] | 1-4 Family - closed end [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Rate & Interest-Only Modification [Member] | Real Estate Loans [Member] | Equity Lines [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Rate & Interest-Only Modification [Member] | Real Estate Loans [Member] | Commercial real estate - owner occupied [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Term & Interest-Only Modification [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | 30 | ' |
Term & Interest-Only Modification [Member] | Commercial and Industrial [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | 30 | ' |
Term & Interest-Only Modification [Member] | Consumer [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Term & Interest-Only Modification [Member] | Real Estate Loans [Member] | Other construction/land [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Term & Interest-Only Modification [Member] | Real Estate Loans [Member] | 1-4 Family - closed end [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Term & Interest-Only Modification [Member] | Real Estate Loans [Member] | Equity Lines [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Term & Interest-Only Modification [Member] | Real Estate Loans [Member] | Commercial real estate - owner occupied [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Rate, Term & Interest-Only Modification [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | 194 |
Rate, Term & Interest-Only Modification [Member] | Commercial and Industrial [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Rate, Term & Interest-Only Modification [Member] | Consumer [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | 92 |
Rate, Term & Interest-Only Modification [Member] | Real Estate Loans [Member] | Other construction/land [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Rate, Term & Interest-Only Modification [Member] | Real Estate Loans [Member] | 1-4 Family - closed end [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | 102 |
Rate, Term & Interest-Only Modification [Member] | Real Estate Loans [Member] | Equity Lines [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Rate, Term & Interest-Only Modification [Member] | Real Estate Loans [Member] | Commercial real estate - owner occupied [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Post-Modification Recorded Investment | ' | ' | ' |
Credit_Quality_and_Nonperformi6
Credit Quality and Nonperforming Assets (Schedule of Additional Details Related to Loans Classified as TDR) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ||
Pre-Modification Outstanding Recorded Investment | $689 | $941 | ' | ||
Post-Modification Outstanding Recorded Investment | 689 | 941 | 7,123 | ||
Reserve Difference | 199 | [1] | 222 | [1] | ' |
Reserve | 379 | 389 | ' | ||
Commercial and Industrial [Member] | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ||
Number of Loans | 2 | 5 | ' | ||
Pre-Modification Outstanding Recorded Investment | 53 | 167 | ' | ||
Post-Modification Outstanding Recorded Investment | 53 | 167 | 1,871 | ||
Reserve Difference | 29 | [1] | 52 | [1] | ' |
Reserve | 33 | 43 | ' | ||
Consumer [Member] | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ||
Number of Loans | 2 | 3 | ' | ||
Pre-Modification Outstanding Recorded Investment | 7 | 9 | ' | ||
Post-Modification Outstanding Recorded Investment | 7 | 9 | 561 | ||
Reserve Difference | 1 | [1] | 1 | [1] | ' |
Reserve | 2 | 2 | ' | ||
Real Estate Loans [Member] | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ||
Pre-Modification Outstanding Recorded Investment | 629 | 765 | ' | ||
Post-Modification Outstanding Recorded Investment | 629 | 765 | 4,691 | ||
Reserve Difference | 169 | [1] | 169 | [1] | ' |
Reserve | 344 | 344 | ' | ||
Real Estate Loans [Member] | Other construction/land [Member] | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ||
Number of Loans | ' | ' | ' | ||
Pre-Modification Outstanding Recorded Investment | ' | ' | ' | ||
Post-Modification Outstanding Recorded Investment | ' | ' | 416 | ||
Reserve Difference | ' | [1] | ' | [1] | ' |
Reserve | ' | ' | ' | ||
Real Estate Loans [Member] | 1-4 Family - closed end [Member] | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ||
Number of Loans | ' | 1 | ' | ||
Pre-Modification Outstanding Recorded Investment | ' | 13 | ' | ||
Post-Modification Outstanding Recorded Investment | ' | 13 | 3,678 | ||
Reserve Difference | ' | [1] | ' | [1] | ' |
Reserve | ' | ' | ' | ||
Real Estate Loans [Member] | Equity Lines [Member] | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ||
Number of Loans | 3 | 3 | ' | ||
Pre-Modification Outstanding Recorded Investment | 350 | 350 | ' | ||
Post-Modification Outstanding Recorded Investment | 350 | 350 | 40 | ||
Reserve Difference | 169 | [1] | 169 | [1] | ' |
Reserve | 205 | 203 | ' | ||
Real Estate Loans [Member] | Commercial real estate - owner occupied [Member] | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ||
Number of Loans | 1 | 2 | ' | ||
Pre-Modification Outstanding Recorded Investment | 279 | 402 | ' | ||
Post-Modification Outstanding Recorded Investment | 279 | 402 | 557 | ||
Reserve Difference | ' | [1] | ' | [1] | ' |
Reserve | $139 | $141 | ' | ||
[1] | This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology. |
Credit_Quality_and_Nonperformi7
Credit Quality and Nonperforming Assets (Schedule of Troubled Debt Restructurings Defaulted During Period) (Details) (USD $) | 3 Months Ended | 6 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2014 |
Financing Receivable, Modifications [Line Items] | ' | ' |
Recorded Investment | $10,073 | $10,333 |
Charge-Offs | 31 | 89 |
Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | ' | 1 |
Recorded Investment | ' | 127 |
Charge-Offs | ' | ' |
Consumer Loan [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | ' | 2 |
Recorded Investment | ' | 133 |
Charge-Offs | ' | 58 |
Real Estate Loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Recorded Investment | 10,073 | 10,073 |
Charge-Offs | 31 | 31 |
Real Estate Loans [Member] | Other construction/land [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 3 | 3 |
Recorded Investment | 1,546 | 1,546 |
Charge-Offs | ' | ' |
Real Estate Loans [Member] | 1-4 Family - closed end [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 2 | 2 |
Recorded Investment | 8,305 | 8,305 |
Charge-Offs | ' | ' |
Real Estate Loans [Member] | Commercial real estate - owner occupied [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 1 | 1 |
Recorded Investment | 222 | 222 |
Charge-Offs | $31 | $31 |
Allowance_for_Loan_and_Lease_L2
Allowance for Loan and Lease Losses (Narrative) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 |
In Thousands, unless otherwise specified | Minimum [Member] | Maximum [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled debt restructuring reserves amount | $3,878 | $3,321 | ' | ' |
Appraisal receiving period | ' | ' | '30 days | '60 days |
Percentage collateral to impaired loan balances | 70.00% | ' | ' | ' |
General | $6,055 | $6,328 | ' | ' |
Allowance_for_Loan_and_Lease_L3
Allowance for Loan and Lease Losses (Schedule of Impaired Loans) (Details) (USD $) | 6 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
With an Allowance Recorded Unpaid Principal Balance | $35,040 | [1] | $30,900 | [1] |
With an Allowance Recorded Recorded Investment | 34,750 | [2] | 30,665 | [2] |
With an Allowance Recorded Related Allowance | 5,579 | 5,349 | ||
With an Allowance Recorded Average Recorded Investment | 36,930 | 31,260 | ||
With an Allowance Recorded Interest Income Recognized | 504 | [3] | 1,047 | [3] |
With no Related Allowance Recorded Unpaid Principal Balance | 13,562 | [1] | 29,026 | [1] |
With no Related Allowance Recorded Recorded Investment | 11,387 | [2] | 25,722 | [2] |
With no Related Allowance Recorded Related Allowance | ' | ' | ||
With no Related Allowance Recorded Average Recorded Investment | 15,260 | 27,264 | ||
With no Related Allowance Recorded Interest Income Recognized | 58 | [3] | 173 | [3] |
Individually impaired loans Unpaid Principal Balance | 48,602 | [1] | 59,926 | [1] |
Individually impaired loans Recorded Investment | 46,137 | [2] | 56,387 | [2] |
Individually impaired loans Related Allowance | -5,579 | -5,349 | ||
Individually impaired loans Average Recorded Investment | 52,190 | 58,524 | ||
Individually impaired loans Interest Income Recognized | 562 | [3] | 1,220 | [3] |
Agricultural [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
With an Allowance Recorded Unpaid Principal Balance | ' | [1] | 125 | [1] |
With an Allowance Recorded Recorded Investment | ' | [2] | 125 | [2] |
With an Allowance Recorded Related Allowance | ' | 126 | ||
With an Allowance Recorded Average Recorded Investment | ' | 131 | ||
With an Allowance Recorded Interest Income Recognized | ' | [3] | ' | [3] |
With no Related Allowance Recorded Unpaid Principal Balance | 327 | [1] | 345 | [1] |
With no Related Allowance Recorded Recorded Investment | 327 | [2] | 345 | [2] |
With no Related Allowance Recorded Related Allowance | ' | ' | ||
With no Related Allowance Recorded Average Recorded Investment | 336 | 837 | ||
With no Related Allowance Recorded Interest Income Recognized | ' | [3] | ' | [3] |
Commercial and industrial [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
With an Allowance Recorded Unpaid Principal Balance | 3,197 | [1] | 4,580 | [1] |
With an Allowance Recorded Recorded Investment | 3,184 | [2] | 4,345 | [2] |
With an Allowance Recorded Related Allowance | 807 | 1,925 | ||
With an Allowance Recorded Average Recorded Investment | 3,185 | 4,496 | ||
With an Allowance Recorded Interest Income Recognized | 61 | [3] | 131 | [3] |
With no Related Allowance Recorded Unpaid Principal Balance | 93 | [1] | 1,249 | [1] |
With no Related Allowance Recorded Recorded Investment | 68 | [2] | 1,099 | [2] |
With no Related Allowance Recorded Related Allowance | ' | ' | ||
With no Related Allowance Recorded Average Recorded Investment | 123 | 1,607 | ||
With no Related Allowance Recorded Interest Income Recognized | ' | [3] | 57 | [3] |
Consumer [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
With an Allowance Recorded Unpaid Principal Balance | 2,929 | [1] | 3,411 | [1] |
With an Allowance Recorded Recorded Investment | 2,927 | [2] | 3,411 | [2] |
With an Allowance Recorded Related Allowance | 336 | 431 | ||
With an Allowance Recorded Average Recorded Investment | 3,131 | 3,591 | ||
With an Allowance Recorded Interest Income Recognized | 81 | [3] | 172 | [3] |
With no Related Allowance Recorded Unpaid Principal Balance | 401 | [1] | 241 | [1] |
With no Related Allowance Recorded Recorded Investment | 124 | [2] | 52 | [2] |
With no Related Allowance Recorded Related Allowance | ' | ' | ||
With no Related Allowance Recorded Average Recorded Investment | 528 | 77 | ||
With no Related Allowance Recorded Interest Income Recognized | ' | [3] | ' | [3] |
Real Estate Loans [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
With an Allowance Recorded Unpaid Principal Balance | 28,914 | [1] | 22,784 | [1] |
With an Allowance Recorded Recorded Investment | 28,639 | [2] | 22,784 | [2] |
With an Allowance Recorded Related Allowance | 4,436 | 2,867 | ||
With an Allowance Recorded Average Recorded Investment | 30,614 | 23,042 | ||
With an Allowance Recorded Interest Income Recognized | 362 | [3] | 744 | [3] |
With no Related Allowance Recorded Unpaid Principal Balance | 12,741 | [1] | 27,191 | [1] |
With no Related Allowance Recorded Recorded Investment | 10,868 | [2] | 24,226 | [2] |
With no Related Allowance Recorded Related Allowance | ' | ' | ||
With no Related Allowance Recorded Average Recorded Investment | 14,273 | 24,743 | ||
With no Related Allowance Recorded Interest Income Recognized | 58 | [3] | 116 | [3] |
Real Estate Loans [Member] | 1-4 family residential construction [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
With an Allowance Recorded Unpaid Principal Balance | ' | [1] | ' | [1] |
With an Allowance Recorded Recorded Investment | ' | [2] | ' | [2] |
With an Allowance Recorded Related Allowance | ' | ' | ||
With an Allowance Recorded Average Recorded Investment | ' | ' | ||
With an Allowance Recorded Interest Income Recognized | ' | [3] | ' | [3] |
With no Related Allowance Recorded Unpaid Principal Balance | ' | [1] | ' | [1] |
With no Related Allowance Recorded Recorded Investment | ' | [2] | ' | [2] |
With no Related Allowance Recorded Related Allowance | ' | ' | ||
With no Related Allowance Recorded Average Recorded Investment | ' | ' | ||
With no Related Allowance Recorded Interest Income Recognized | ' | [3] | ' | [3] |
Real Estate Loans [Member] | Other construction/land [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
With an Allowance Recorded Unpaid Principal Balance | 2,904 | [1] | 2,972 | [1] |
With an Allowance Recorded Recorded Investment | 2,903 | [2] | 2,972 | [2] |
With an Allowance Recorded Related Allowance | 434 | 502 | ||
With an Allowance Recorded Average Recorded Investment | 3,092 | 3,000 | ||
With an Allowance Recorded Interest Income Recognized | 47 | [3] | 98 | [3] |
With no Related Allowance Recorded Unpaid Principal Balance | 2,033 | [1] | 4,176 | [1] |
With no Related Allowance Recorded Recorded Investment | 1,975 | [2] | 3,779 | [2] |
With no Related Allowance Recorded Related Allowance | ' | ' | ||
With no Related Allowance Recorded Average Recorded Investment | 2,409 | 3,885 | ||
With no Related Allowance Recorded Interest Income Recognized | ' | [3] | ' | [3] |
Real Estate Loans [Member] | 1-4 Family - closed end [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
With an Allowance Recorded Unpaid Principal Balance | 11,055 | [1] | 13,522 | [1] |
With an Allowance Recorded Recorded Investment | 11,055 | [2] | 13,522 | [2] |
With an Allowance Recorded Related Allowance | 1,214 | 1,324 | ||
With an Allowance Recorded Average Recorded Investment | 11,918 | 13,630 | ||
With an Allowance Recorded Interest Income Recognized | 135 | [3] | 260 | [3] |
With no Related Allowance Recorded Unpaid Principal Balance | 3,637 | [1] | 4,655 | [1] |
With no Related Allowance Recorded Recorded Investment | 3,480 | [2] | 4,376 | [2] |
With no Related Allowance Recorded Related Allowance | ' | ' | ||
With no Related Allowance Recorded Average Recorded Investment | 4,339 | 4,687 | ||
With no Related Allowance Recorded Interest Income Recognized | ' | [3] | 1 | [3] |
Real Estate Loans [Member] | Equity Lines [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
With an Allowance Recorded Unpaid Principal Balance | 1,867 | [1] | 528 | [1] |
With an Allowance Recorded Recorded Investment | 1,702 | [2] | 528 | [2] |
With an Allowance Recorded Related Allowance | 450 | 123 | ||
With an Allowance Recorded Average Recorded Investment | 1,918 | 530 | ||
With an Allowance Recorded Interest Income Recognized | 6 | [3] | 13 | [3] |
With no Related Allowance Recorded Unpaid Principal Balance | 746 | [1] | 565 | [1] |
With no Related Allowance Recorded Recorded Investment | 566 | [2] | 493 | [2] |
With no Related Allowance Recorded Related Allowance | ' | ' | ||
With no Related Allowance Recorded Average Recorded Investment | 759 | 493 | ||
With no Related Allowance Recorded Interest Income Recognized | ' | [3] | ' | [3] |
Real Estate Loans [Member] | Commercial real estate - owner occupied [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
With an Allowance Recorded Unpaid Principal Balance | 2,665 | [1] | 2,047 | [1] |
With an Allowance Recorded Recorded Investment | 2,555 | [2] | 2,047 | [2] |
With an Allowance Recorded Related Allowance | 1,259 | 217 | ||
With an Allowance Recorded Average Recorded Investment | 2,790 | 2,069 | ||
With an Allowance Recorded Interest Income Recognized | 26 | [3] | 135 | [3] |
With no Related Allowance Recorded Unpaid Principal Balance | 3,483 | [1] | 7,436 | [1] |
With no Related Allowance Recorded Recorded Investment | 2,153 | [2] | 5,516 | [2] |
With no Related Allowance Recorded Related Allowance | ' | ' | ||
With no Related Allowance Recorded Average Recorded Investment | 3,773 | 5,568 | ||
With no Related Allowance Recorded Interest Income Recognized | ' | [3] | ' | [3] |
Real Estate Loans [Member] | Commercial real estate - non-owner occupied [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
With an Allowance Recorded Unpaid Principal Balance | 10,423 | [1] | 3,715 | [1] |
With an Allowance Recorded Recorded Investment | 10,424 | [2] | 3,715 | [2] |
With an Allowance Recorded Related Allowance | 1,079 | 701 | ||
With an Allowance Recorded Average Recorded Investment | 10,896 | 3,813 | ||
With an Allowance Recorded Interest Income Recognized | 148 | [3] | 238 | [3] |
With no Related Allowance Recorded Unpaid Principal Balance | 2,669 | [1] | 10,077 | [1] |
With no Related Allowance Recorded Recorded Investment | 2,521 | [2] | 9,780 | [2] |
With no Related Allowance Recorded Related Allowance | ' | ' | ||
With no Related Allowance Recorded Average Recorded Investment | 2,790 | 9,820 | ||
With no Related Allowance Recorded Interest Income Recognized | 58 | [3] | 115 | [3] |
Real Estate Loans [Member] | Farmland [Member] | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
With an Allowance Recorded Unpaid Principal Balance | ' | [1] | ' | [1] |
With an Allowance Recorded Recorded Investment | ' | [2] | ' | [2] |
With an Allowance Recorded Related Allowance | ' | ' | ||
With an Allowance Recorded Average Recorded Investment | ' | ' | ||
With an Allowance Recorded Interest Income Recognized | ' | [3] | ' | [3] |
With no Related Allowance Recorded Unpaid Principal Balance | 173 | [1] | 282 | [1] |
With no Related Allowance Recorded Recorded Investment | 173 | [2] | 282 | [2] |
With no Related Allowance Recorded Related Allowance | ' | ' | ||
With no Related Allowance Recorded Average Recorded Investment | 203 | 290 | ||
With no Related Allowance Recorded Interest Income Recognized | ' | [3] | ' | [3] |
[1] | Contractual principal balance due from customer. | |||
[2] | Principal balance on Company's books, less any direct charge offs. | |||
[3] | Interest income is recognized on performing balances on a regular accrual basis. |
Allowance_for_Loan_and_Lease_L4
Allowance for Loan and Lease Losses (Schedule of Activity in Allowance for Loan and Lease Losses) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Mar. 31, 2014 |
Allowance for credit losses: | ' | ' | ' | ' |
Beginning of year | ' | $11,677 | $13,873 | $11,491 |
Charge-offs | -1,097 | -1,955 | -8,263 | ' |
Recoveries | 1,040 | 1,562 | 1,717 | ' |
Provision | 200 | 350 | 4,350 | ' |
End of year | ' | 11,634 | 11,677 | 11,491 |
Reserves: | ' | ' | ' | ' |
Specific | ' | 5,579 | 5,349 | ' |
General | ' | 6,055 | 6,328 | ' |
Financing Receivable, Allowance for Credit Losses, Total | ' | 11,634 | 11,677 | 11,491 |
Loans evaluated for impairment: | ' | ' | ' | ' |
Individually | ' | 46,137 | 56,387 | ' |
Collectively | ' | 846,904 | 746,855 | ' |
Total Loans | ' | 893,041 | 803,242 | ' |
Real Estate [Member] | ' | ' | ' | ' |
Allowance for credit losses: | ' | ' | ' | ' |
Beginning of year | ' | 5,544 | 8,034 | 7,396 |
Charge-offs | -307 | -434 | -4,205 | ' |
Recoveries | 892 | 1,199 | 618 | ' |
Provision | -703 | 969 | 1,097 | ' |
End of year | ' | 7,278 | 5,544 | 7,396 |
Reserves: | ' | ' | ' | ' |
Specific | ' | 4,436 | 2,867 | ' |
General | ' | 2,842 | 2,677 | ' |
Financing Receivable, Allowance for Credit Losses, Total | ' | 7,278 | 5,544 | 7,396 |
Loans evaluated for impairment: | ' | ' | ' | ' |
Individually | ' | 39,507 | 47,010 | ' |
Collectively | ' | 599,289 | 530,829 | ' |
Total Loans | ' | 638,796 | 577,839 | ' |
Agricultural [Member] | ' | ' | ' | ' |
Allowance for credit losses: | ' | ' | ' | ' |
Beginning of year | ' | 978 | 258 | 847 |
Charge-offs | ' | -124 | -473 | ' |
Recoveries | 1 | 2 | ' | ' |
Provision | 505 | 497 | 1,193 | ' |
End of year | ' | 1,353 | 978 | 847 |
Reserves: | ' | ' | ' | ' |
Specific | ' | ' | 126 | ' |
General | ' | 1,353 | 852 | ' |
Financing Receivable, Allowance for Credit Losses, Total | ' | 1,353 | 978 | 847 |
Loans evaluated for impairment: | ' | ' | ' | ' |
Individually | ' | 327 | 470 | ' |
Collectively | ' | 25,815 | 24,710 | ' |
Total Loans | ' | 26,142 | 25,180 | ' |
Commercial and Industrial [Member] | ' | ' | ' | ' |
Allowance for credit losses: | ' | ' | ' | ' |
Beginning of year | ' | 3,787 | 3,467 | 1,418 |
Charge-offs | -226 | -412 | -1,668 | ' |
Recoveries | 54 | 98 | 802 | ' |
Provision | 270 | -1,957 | 1,186 | ' |
End of year | ' | 1,516 | 3,787 | 1,418 |
Reserves: | ' | ' | ' | ' |
Specific | ' | 807 | 1,925 | ' |
General | ' | 709 | 1,862 | ' |
Financing Receivable, Allowance for Credit Losses, Total | ' | 1,516 | 3,787 | 1,418 |
Loans evaluated for impairment: | ' | ' | ' | ' |
Individually | ' | 3,252 | 5,444 | ' |
Collectively | ' | 204,253 | 171,243 | ' |
Total Loans | ' | 207,505 | 176,687 | ' |
Consumer [Member] | ' | ' | ' | ' |
Allowance for credit losses: | ' | ' | ' | ' |
Beginning of year | ' | 1,117 | 2,114 | 1,438 |
Charge-offs | -564 | -985 | -1,917 | ' |
Recoveries | 93 | 263 | 297 | ' |
Provision | 496 | 1,068 | 623 | ' |
End of year | ' | 1,463 | 1,117 | 1,438 |
Reserves: | ' | ' | ' | ' |
Specific | ' | 336 | 431 | ' |
General | ' | 1,127 | 686 | ' |
Financing Receivable, Allowance for Credit Losses, Total | ' | 1,463 | 1,117 | 1,438 |
Loans evaluated for impairment: | ' | ' | ' | ' |
Individually | ' | 3,051 | 3,463 | ' |
Collectively | ' | 17,547 | 20,073 | ' |
Total Loans | ' | 20,598 | 23,536 | ' |
Unallocated [Member] | ' | ' | ' | ' |
Allowance for credit losses: | ' | ' | ' | ' |
Beginning of year | ' | 251 | ' | 392 |
Charge-offs | ' | ' | ' | ' |
Recoveries | ' | ' | ' | ' |
Provision | -368 | -227 | 251 | ' |
End of year | ' | 24 | 251 | 392 |
Reserves: | ' | ' | ' | ' |
Specific | ' | ' | ' | ' |
General | ' | 24 | 251 | ' |
Financing Receivable, Allowance for Credit Losses, Total | ' | 24 | 251 | 392 |
Loans evaluated for impairment: | ' | ' | ' | ' |
Individually | ' | ' | ' | ' |
Collectively | ' | ' | ' | ' |
Total Loans | ' | ' | ' | ' |
Recent_Developments_Details
Recent Developments (Details) (USD $) | 1 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Jul. 17, 2014 |
Recent Developments [Abstract] | ' |
Assets acquired | $125,000 |
Cash consideration | 12,300 |
Cash per share, common shareholders | $6 |
Cash, preferred shareholders | 3,000 |
Payment to cash out warrants | $700 |