Document_And_Entity_Informatio
Document And Entity Information | 6 Months Ended | |
Jun. 30, 2014 | Jul. 31, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'AMES NATIONAL CORPORATION | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 9,310,913 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001132651 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 30-Jun-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Consolidated_Balance_Sheets_Un
Consolidated Balance Sheets (Unaudited) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Cash and due from banks | $23,718,424 | $24,270,031 |
Interest bearing deposits in financial institutions | 26,426,762 | 23,628,117 |
Securities available-for-sale | 599,239,228 | 580,039,080 |
Loans receivable, net | 549,980,394 | 564,501,547 |
Loans held for sale | 697,145 | 295,618 |
Bank premises and equipment, net | 11,104,529 | 11,892,329 |
Accrued income receivable | 7,186,788 | 7,437,673 |
Other real estate owned | 8,928,652 | 8,861,107 |
Deferred income taxes | 1,325,200 | 5,027,103 |
Core deposit intangible, net | 902,816 | 1,029,564 |
Goodwill | 5,600,749 | 5,600,749 |
Other assets | 593,219 | 501,242 |
Total assets | 1,235,703,906 | 1,233,084,160 |
Deposits | ' | ' |
Demand, noninterest bearing | 167,184,250 | 179,946,472 |
NOW accounts | 280,415,844 | 299,788,852 |
Savings and money market | 301,022,762 | 289,307,102 |
Time, $100,000 and over | 94,395,668 | 97,077,717 |
Other time | 139,551,875 | 145,683,035 |
Total deposits | 982,570,399 | 1,011,803,178 |
Securities sold under agreements to repurchase and federal funds purchased | 61,151,643 | 39,616,644 |
Federal Home Loan Bank (FHLB) advances | 14,504,421 | 14,540,526 |
Other borrowings | 20,000,000 | 20,000,000 |
Dividend payable | 1,675,964 | 1,489,746 |
Accrued expenses and other liabilities | 3,476,535 | 3,527,882 |
Total liabilities | 1,083,378,962 | 1,090,977,976 |
STOCKHOLDERS' EQUITY | ' | ' |
Common stock, $2 par value, authorized 18,000,000 shares; issued 9,432,915 shares as of June 30, 2014 and December 31, 2013; outstanding 9,310,913 shares as of June 30, 2014 and December 31, 2013 | 18,865,830 | 18,865,830 |
Additional paid-in capital | 22,651,222 | 22,651,222 |
Retained earnings | 107,183,584 | 102,154,498 |
Accumulated other comprehensive income - net unrealized gain on securities available-for-sale | 5,640,806 | 451,132 |
Treasury stock, at cost; 122,002 shares at June 30, 2014 and December 31, 2013 | -2,016,498 | -2,016,498 |
Total stockholders' equity | 152,324,944 | 142,106,184 |
Total liabilities and stockholders' equity | $1,235,703,906 | $1,233,084,160 |
Consolidated_Balance_Sheets_Un1
Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Common stock, par value (in Dollars per share) | $2 | $2 |
Common stock, authorized | 18,000,000 | 18,000,000 |
Common stock, issued | 9,432,915 | 9,432,915 |
Common stock, outstanding | 9,310,913 | 9,310,913 |
Treasury stock, shares | 122,002 | 122,002 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (Unaudited) (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Interest income: | ' | ' | ' | ' |
Loans, including fees | $6,576,580 | $6,146,761 | $12,986,011 | $12,305,274 |
Securities: | ' | ' | ' | ' |
Taxable | 1,851,296 | 1,399,811 | 3,614,899 | 2,779,773 |
Tax-exempt | 1,645,094 | 1,746,378 | 3,319,202 | 3,474,811 |
Interest bearing deposits and federal funds sold | 72,937 | 108,313 | 146,076 | 218,046 |
Total interest income | 10,145,907 | 9,401,263 | 20,066,188 | 18,777,904 |
Interest expense: | ' | ' | ' | ' |
Deposits | 862,691 | 999,601 | 1,754,701 | 1,995,441 |
Other borrowed funds | 303,861 | 294,939 | 598,347 | 590,850 |
Total interest expense | 1,166,552 | 1,294,540 | 2,353,048 | 2,586,291 |
Net interest income | 8,979,355 | 8,106,723 | 17,713,140 | 16,191,613 |
Provision for loan losses | 35,644 | 60,000 | 74,875 | 73,574 |
Net interest income after provision for loan losses | 8,943,711 | 8,046,723 | 17,638,265 | 16,118,039 |
Noninterest income: | ' | ' | ' | ' |
Wealth management income | 724,376 | 558,747 | 1,421,195 | 1,098,769 |
Service fees | 410,795 | 402,002 | 768,274 | 777,827 |
Securities gains, net | ' | 364,250 | 135,081 | 433,241 |
Gain on sale of loans held for sale | 150,526 | 345,377 | 249,179 | 700,920 |
Merchant and card fees | 290,250 | 272,612 | 549,639 | 613,098 |
Gain (loss) on the sale of premises and equipment | -14,715 | ' | 1,242,209 | ' |
Other noninterest income | 172,740 | 146,032 | 314,179 | 308,133 |
Total noninterest income | 1,733,972 | 2,089,020 | 4,679,756 | 3,931,988 |
Noninterest expense: | ' | ' | ' | ' |
Salaries and employee benefits | 3,430,736 | 3,231,314 | 6,722,188 | 6,447,396 |
Data processing | 595,570 | 627,216 | 1,166,920 | 1,199,851 |
Occupancy expenses, net | 349,588 | 339,457 | 818,808 | 745,181 |
FDIC insurance assessments | 163,352 | 172,443 | 325,696 | 332,751 |
Professional fees | 348,441 | 267,573 | 630,888 | 540,028 |
Business development | 215,616 | 202,033 | 423,477 | 393,384 |
Other real estate owned, net | 19,006 | 672,919 | 19,710 | 667,738 |
Core deposit intangible amortization | 61,000 | 68,425 | 126,748 | 142,198 |
Other operating expenses, net | 225,798 | 256,809 | 503,774 | 488,758 |
Total noninterest expense | 5,409,107 | 5,838,189 | 10,738,209 | 10,957,285 |
Income before income taxes | 5,268,576 | 4,297,554 | 11,579,812 | 9,092,742 |
Provision for income taxes | 1,413,653 | 1,018,858 | 3,198,798 | 2,228,112 |
Net income | $3,854,923 | $3,278,696 | $8,381,014 | $6,864,630 |
Basic and diluted earnings per share (in Dollars per share) | $0.41 | $0.35 | $0.90 | $0.74 |
Dividends declared per share (in Dollars per share) | $0.18 | $0.16 | $0.36 | $0.32 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Net income | $3,854,923 | $3,278,696 | $8,381,014 | $6,864,630 |
Unrealized holding gains (losses) arising during the period | 4,695,686 | -17,374,504 | 8,372,660 | -18,988,433 |
Less: reclassification adjustment for gains realized in net income | ' | 364,250 | 135,081 | 433,241 |
Other comprehensive income (loss) before tax | 4,695,686 | -17,738,754 | 8,237,579 | -19,421,674 |
Tax effect related to other comprehensive income (loss) | -1,737,406 | 6,563,339 | -3,047,905 | 7,186,019 |
Other comprehensive income (loss), net of tax | 2,958,280 | -11,175,415 | 5,189,674 | -12,235,655 |
Comprehensive income (loss) | $6,813,203 | ($7,896,719) | $13,570,688 | ($5,371,025) |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (Unaudited) (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income, Net of Taxes [Member] | Treasury Stock [Member] | Total |
Balance at Dec. 31, 2012 | $18,865,830 | $22,651,222 | $94,159,839 | $11,075,342 | ($2,016,498) | $144,735,735 |
Net income | ' | ' | 6,864,630 | ' | ' | 6,864,630 |
Other comprehensive income (loss) | ' | ' | ' | -12,235,655 | ' | -12,235,655 |
Cash dividends declared, per share | ' | ' | -2,979,492 | ' | ' | -2,979,492 |
Balance at Jun. 30, 2013 | 18,865,830 | 22,651,222 | 98,044,977 | -1,160,313 | -2,016,498 | 136,385,218 |
Balance at Dec. 31, 2013 | 18,865,830 | 22,651,222 | 102,154,498 | 451,132 | -2,016,498 | 142,106,184 |
Net income | ' | ' | 8,381,014 | ' | ' | 8,381,014 |
Other comprehensive income (loss) | ' | ' | ' | 5,189,674 | ' | 5,189,674 |
Cash dividends declared, per share | ' | ' | -3,351,928 | ' | ' | -3,351,928 |
Balance at Jun. 30, 2014 | $18,865,830 | $22,651,222 | $107,183,584 | $5,640,806 | ($2,016,498) | $152,324,944 |
Consolidated_Statements_of_Sto1
Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) (USD $) | 6 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
Cash dividends declared | $0.36 | $0.32 |
Common Stock [Member] | ' | ' |
Cash dividends declared | $0.36 | $0.32 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 6 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' |
Net income | $8,381,014 | $6,864,630 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Provision for loan losses | 74,875 | 73,574 |
Provision for off-balance sheet commitments | 53,000 | 18,700 |
Amortization, net, securities available-for-sale | 2,128,926 | 3,347,318 |
Amortization of core deposit intangible asset | 126,748 | 142,198 |
Depreciation | 376,537 | 382,079 |
Credit for deferred income taxes | 653,998 | -245,368 |
Securities gains, net | -135,081 | -433,241 |
(Gain) on sale and disposal of premises and equipment, net | -1,242,209 | ' |
Impairment of other real estate owned | ' | 670,000 |
(Gain) loss on sale of other real estate owned, net | 2,620 | -29,047 |
Change in assets and liabilities: | ' | ' |
(Increase) in loans held for sale | -401,527 | -227,744 |
Decrease in accrued income receivable | 250,885 | 151,726 |
(Increase) decrease in other assets | -96,335 | 1,825,983 |
(Decrease) in accrued expenses and other liabilities | -104,347 | -136,559 |
Net cash provided by operating activities | 10,069,104 | 12,404,249 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' |
Purchase of securities available-for-sale | -56,828,154 | -119,770,411 |
Proceeds from sale of securities available-for-sale | 3,478,851 | 15,618,009 |
Proceeds from maturities and calls of securities available-for-sale | 40,239,443 | 67,598,062 |
Net (increase) decrease in interest bearing deposits in financial institutions | -2,798,645 | 8,230,196 |
Net decrease in loans | 14,438,281 | 3,924,528 |
Net proceeds from the sale of other real estate owned | 19,195 | 488,420 |
Net proceeds from the sale of bank premises and equipment | 1,746,444 | ' |
Purchase of bank premises and equipment, net | -88,614 | -328,928 |
Other | -2,750 | ' |
Net cash provided by (used in) investing activities | 204,051 | -24,240,124 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' |
(Decrease) in deposits | -29,157,946 | -4,159,116 |
Increase in securities sold under agreements to repurchase and federal funds purchased | 21,534,999 | 3,540,024 |
Proceeds from FHLB borrowings | ' | 2,000,000 |
Payments on FHLB borrowings | -36,105 | -2,034,974 |
Dividends paid | -3,165,710 | -2,886,373 |
Net cash used in financing activities | -10,824,762 | -3,540,439 |
Net (decrease) in cash and due from banks | -551,607 | -15,376,314 |
CASH AND DUE FROM BANKS | ' | ' |
Beginning | 24,270,031 | 34,805,371 |
Ending | 23,718,424 | 19,429,057 |
Cash payments for: | ' | ' |
Interest | 2,483,903 | 2,852,749 |
Income taxes | 2,700,776 | 2,549,386 |
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES | ' | ' |
Transfer of loans receivable to other real estate owned | $86,610 | $207,756 |
Note_1_Significant_Accounting_
Note 1 - Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies [Text Block] | ' |
1. Significant Accounting Policies | |
The consolidated financial statements for the three and six months ended June 30, 2014 and 2013 are unaudited. In the opinion of the management of Ames National Corporation (the "Company"), these financial statements reflect all adjustments, consisting only of normal recurring accruals, necessary to present fairly these consolidated financial statements. The results of operations for the interim periods are not necessarily indicative of results which may be expected for an entire year. Certain information and footnote disclosures normally included in complete financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted in accordance with the requirements for interim financial statements. The interim financial statements and notes thereto should be read in conjunction with the year-end audited financial statements contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2013 (the “Annual Report”). The consolidated financial statements include the accounts of the Company and its wholly-owned banking subsidiaries (the “Banks”). All significant intercompany balances and transactions have been eliminated in consolidation. | |
Goodwill: Goodwill represents the excess of cost over the fair value of net assets acquired. Goodwill resulting from acquisitions is not amortized, but is tested for impairment annually or whenever events change and circumstances indicate that it is more likely than not that an impairment loss has occurred. Goodwill is tested for impairment using a two-step process that begins with an estimation of the fair value of a reporting unit. The second step, if necessary, measures the amount of impairment, if any. | |
Significant judgment is applied when goodwill is assessed for impairment. This judgment includes developing cash flow projections, selecting appropriate discount rates, identifying relevant market comparables, incorporating general economic and market conditions and selecting an appropriate control premium. At June 30, 2014, Company management has performed a goodwill impairment analysis and determined goodwill was not impaired. | |
New Accounting Pronouncements: In January 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-04, Receivables—Troubled Debt Restructuring by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure. The update clarifies when an in substance foreclosure occurs, that is, when a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan. This is the point when the consumer mortgage loan should be derecognized and the real property recognized. For public companies, this update will be effective for interim and annual periods beginning after December 31, 2014 and early adoption is permitted. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. | |
In June 2014, the FASB issued ASU No. 2014-11, “Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.” The new guidance aligns the accounting for repurchase-to-maturity transactions and repurchase agreements executed as a repurchase financing with the accounting for other typical repurchase agreements. The amendments in the ASU also require expanded disclosures about the nature of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. The amendments in this ASU are effective for public companies for the first interim or annual period beginning after December 15, 2014. The adoption of this ASU may result in additional disclosures but is not expected to impact significantly the Company’s consolidated financial statements. |
Note_2_Dividends
Note 2 - Dividends | 6 Months Ended |
Jun. 30, 2014 | |
Dividends Disclosure [Abstract] | ' |
Dividends Disclosure [Text Block] | ' |
2. Dividends | |
On May 14, 2014, the Company declared a cash dividend on its common stock, payable on August 15, 2014 to stockholders of record as of August 1, 2014, equal to $0.18 per share. |
Note_3_Earnings_Per_Share
Note 3 - Earnings Per Share | 6 Months Ended |
Jun. 30, 2014 | |
Earnings Per Share [Abstract] | ' |
Earnings Per Share [Text Block] | ' |
3. Earnings Per Share | |
Earnings per share amounts were calculated using the weighted average shares outstanding during the periods presented. The weighted average outstanding shares for the three and six months ended June 30, 2014 and 2013 were 9,310,913. The Company had no potentially dilutive securities outstanding during the periods presented. |
Note_4_Offbalance_Sheet_Arrang
Note 4 - Off-balance Sheet Arrangements | 6 Months Ended |
Jun. 30, 2014 | |
Loans And Leases Receivable Commitments [Abstract] | ' |
Loans And Leases Receivable Commitments [Text Block] | ' |
4. Off-Balance Sheet Arrangements | |
The Company is party to financial instruments with off-balance sheet risk in the normal course of business. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the balance sheet. No material changes in the Company’s off-balance sheet arrangements have occurred since December 31, 2013. |
Note_5_Fair_Value_Measurements
Note 5 - Fair Value Measurements | 6 Months Ended | |||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||
Fair Value Disclosures [Text Block] | ' | |||||||||||||||||
5. Fair Value Measurements | ||||||||||||||||||
Assets and liabilities carried at fair value are required to be classified and disclosed according to the process for determining fair value. There are three levels of determining fair value. | ||||||||||||||||||
Level 1: Inputs to the valuation methodology are quoted prices, unadjusted, for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and shall be used to measure fair value whenever available. | ||||||||||||||||||
Level 2: Inputs to the valuation methodology include: quoted prices for similar assets or liabilities in active markets; quoted process for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatility, prepayment speeds, credit risk); or inputs derived principally from or can be corroborated by observable market data by correlation or other means. | ||||||||||||||||||
Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Level 3 assets and liabilities include financial instruments whose value is determined using discounted cash flow methodologies, as well as instruments for which the determination of fair value requires significant management judgment or estimation. | ||||||||||||||||||
The following table presents the balances of assets measured at fair value on a recurring basis by level as of June 30, 2014 and December 31, 2013. | ||||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
2014 | ||||||||||||||||||
U.S. government treasuries | $ | 959,000 | $ | 959,000 | $ | - | $ | - | ||||||||||
U.S. government agencies | 94,934,000 | - | 94,934,000 | - | ||||||||||||||
U.S. government mortgage-backed securities | 148,579,000 | - | 148,579,000 | - | ||||||||||||||
State and political subdivisions | 301,209,000 | - | 301,209,000 | - | ||||||||||||||
Corporate bonds | 49,846,000 | - | 49,846,000 | - | ||||||||||||||
Equity securities, financial industry common stock | 788,000 | 788,000 | - | - | ||||||||||||||
Equity securities, other | 2,924,000 | - | 2,924,000 | - | ||||||||||||||
$ | 599,239,000 | $ | 1,747,000 | $ | 597,492,000 | $ | - | |||||||||||
2013 | ||||||||||||||||||
U.S. government agencies | $ | 61,178,000 | $ | - | $ | 61,178,000 | $ | - | ||||||||||
U.S. government mortgage-backed securities | 155,142,000 | - | 155,142,000 | - | ||||||||||||||
State and political subdivisions | 315,224,000 | - | 315,224,000 | - | ||||||||||||||
Corporate bonds | 44,752,000 | - | 44,752,000 | - | ||||||||||||||
Equity securities, financial industry common stock | 841,000 | 841,000 | - | - | ||||||||||||||
Equity securities, other | 2,902,000 | - | 2,902,000 | - | ||||||||||||||
$ | 580,039,000 | $ | 841,000 | $ | 579,198,000 | $ | - | |||||||||||
Level 1 securities include equity securities traded on an active exchange, such as the New York Stock Exchange, as well as U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets. Other securities available-for-sale are reported at fair value utilizing Level 2 inputs. For these securities, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the security’s terms and conditions, among other things. | ||||||||||||||||||
Certain assets are measured at fair value on a nonrecurring basis; that is, they are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). The following table presents the assets carried on the balance sheet (after specific reserves) by caption and by level with the valuation hierarchy as of June 30, 2014 and December 31, 2013. | ||||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
2014 | ||||||||||||||||||
Loans receivable | $ | 374,000 | $ | - | $ | - | $ | 374,000 | ||||||||||
Other real estate owned | 8,929,000 | - | - | 8,929,000 | ||||||||||||||
Total | $ | 9,303,000 | $ | - | $ | - | $ | 9,303,000 | ||||||||||
2013 | ||||||||||||||||||
Loans receivable | $ | 648,000 | $ | - | $ | - | $ | 648,000 | ||||||||||
Other real estate owned | 8,861,000 | - | - | 8,861,000 | ||||||||||||||
Total | $ | 9,509,000 | $ | - | $ | - | $ | 9,509,000 | ||||||||||
Loans Receivable: Loans in the tables above consist of impaired credits held for investment. In accordance with the loan impairment guidance, impairment was measured based on the fair value of collateral less estimated selling costs for collateral dependent loans. Fair value for impaired loans is based upon appraised values of collateral adjusted for trends observed in the market. A valuation allowance was recorded for the excess of the loan’s recorded investment over the amounts determined by the collateral value method. This valuation is a component of the allowance for loan losses. The Company considers these fair value measurements as level 3. | ||||||||||||||||||
Other Real Estate Owned: Other real estate owned in the table above consists of real estate obtained through foreclosure. Other real estate owned is recorded at fair value less estimated selling costs, at the date of transfer. Subsequent to the transfer, other real estate owned is carried at the lower of cost or fair value, less estimated selling costs. The carrying value of other real estate owned is not re-measured to fair value on a recurring basis but is subject to fair value adjustments when the carrying value exceeds the fair value less estimated selling costs. Management uses appraised values and adjusts for trends observed in the market and for disposition costs in determining the value of other real estate owned. A valuation allowance was recorded for the excess of the asset’s recorded investment over the amount determined by the fair value, less estimated selling costs. This valuation allowance is a component of the allowance for other real estate owned. The valuation allowance was $4,644,000 as of June 30, 2014 and December 31, 2013. The Company considers these fair values level 3. | ||||||||||||||||||
The significant inputs used in the fair value measurements for Level 3 assets measured at fair value on a nonrecurring basis as of June 30, 2014 and December 31, 2013 are as follows: | ||||||||||||||||||
2014 | ||||||||||||||||||
Fair Value | Valuation | Range of | Range | |||||||||||||||
Techniques | Unobservable Inputs | (Average) | ||||||||||||||||
Impaired Loans | $ | 374,000 | Evaluation of collateral | Estimation of value | NM* | |||||||||||||
Other real estate owned | $ | 8,929,000 | Appraisal | Appraisal adjustment | 6% | - | 10% | -8% | ||||||||||
2013 | ||||||||||||||||||
Fair Value | Valuation | Range of | Range | |||||||||||||||
Techniques | Unobservable Inputs | (Average) | ||||||||||||||||
Impaired Loans | $ | 648,000 | Evaluation of collateral | Estimation of value | NM* | |||||||||||||
Other real estate owned | $ | 8,861,000 | Appraisal | Appraisal adjustment | 6% | - | 10% | -8% | ||||||||||
* Not Meaningful. Evaluations of the underlying assets are completed for each impaired loan with a specific reserve. The types of collateral vary widely and could include accounts receivables, inventory, a variety of equipment and real estate. Collateral evaluations are reviewed and discounted as appropriate based on knowledge of the specific type of collateral. In the case of real estate, an independent appraisal may be obtained. Types of discounts considered included aging of receivables, condition of the collateral, potential market for the collateral and estimated disposal costs. These discounts will vary from loan to loan, thus providing a range would not be meaningful. | ||||||||||||||||||
Accounting principles generally accepted in the United State of America (GAAP) requires disclosure of the fair value of financial assets and financial liabilities, including those that are not measured and reported at fair value on a recurring basis or nonrecurring basis. The methodologies for estimating the fair value of financial assets and financial liabilities that are measured at fair value on a recurring or nonrecurring basis are discussed above. The methodologies for other financial assets and financial liabilities are discussed below. | ||||||||||||||||||
Fair value of financial instruments: | ||||||||||||||||||
Disclosure of fair value information about financial instruments, for which it is practicable to estimate that value, is required whether or not recognized in the consolidated balance sheets. In cases in which quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimate of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases could not be realized in immediate settlement of the instruments. Certain financial instruments with a fair value that is not practicable to estimate and all non-financial instruments are excluded from the disclosure requirements. Accordingly, the aggregate fair value amounts presented do not necessarily represent the underlying value of the Company. | ||||||||||||||||||
The following disclosures represent financial instruments in which the ending balances at June 30, 2014 and December 31, 2013 are not carried at fair value in their entirety on the consolidated balance sheets. | ||||||||||||||||||
Cash and due from banks and interest bearing deposits in financial institutions: The recorded amount of these assets approximates fair value. | ||||||||||||||||||
Securities available-for-sale: Fair value measurement for Level 1 securities is based upon quoted prices. Fair value measurement for Level 2 securities are based upon quoted prices, if available. If quoted prices are not available, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the security’s terms and conditions, among other things. Level 1 securities include equity securities traded on an active exchange, such as the New York Stock Exchange, as well as U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets. Other securities available-for-sale are reported at fair value utilizing Level 2 inputs. | ||||||||||||||||||
Loans held for sale: The fair value of loans held for sale is based on prevailing market prices. | ||||||||||||||||||
Loans receivable: The fair value of loans is calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates, which reflect the credit and interest rate risk inherent in the loan. The estimate of maturity is based on the historical experience, with repayments for each loan classification modified, as required, by an estimate of the effect of current economic and lending conditions. The effect of nonperforming loans is considered in assessing the credit risk inherent in the fair value estimate. | ||||||||||||||||||
Deposit liabilities: Fair values of deposits with no stated maturity, such as noninterest-bearing demand deposits, savings and NOW accounts, and money market accounts, are equal to the amount payable on demand as of the respective balance sheet date. Fair values of certificates of deposit are based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently offered for deposits of similar remaining maturities. The fair value estimates do not include the benefit that results from the low-cost funding provided by the deposit liabilities compared to the cost of borrowing funds in the market. | ||||||||||||||||||
Securities sold under agreements to repurchase and federal funds purchased: The carrying amounts of securities sold under agreements to repurchase and federal funds purchased approximate fair value because of the generally short-term nature of the instruments. | ||||||||||||||||||
FHLB advances and other borrowings: Fair values of FHLB advances and other borrowings are estimated using discounted cash flow analysis based on interest rates currently being offered with similar terms. | ||||||||||||||||||
Accrued income receivable and accrued interest payable: The carrying amounts of accrued income receivable and accrued interest payable approximate fair value. | ||||||||||||||||||
Commitments to extend credit and standby letters of credit: The fair values of commitments to extend credit and standby letters of credit are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreement and credit worthiness of the counterparties. The carry value and fair value of the commitments to extend credit and standby letters of credit are not considered significant. | ||||||||||||||||||
Limitations: Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. | ||||||||||||||||||
The estimated fair values of the Company’s financial instruments as described above were as follows: | ||||||||||||||||||
June 30, | December 31, | |||||||||||||||||
2014 | 2013 | |||||||||||||||||
Fair Value | ||||||||||||||||||
Hierarchy | Carrying | Fair | Carrying | Fair | ||||||||||||||
Level | Amount | Value | Amount | Value | ||||||||||||||
Financial assets: | ||||||||||||||||||
Cash and due from banks | Level 1 | $ | 23,718,424 | $ | 23,718,000 | $ | 24,270,031 | $ | 24,270,000 | |||||||||
Interest bearing deposits | Level 1 | 26,426,762 | 26,427,000 | 23,628,117 | 23,628,000 | |||||||||||||
Securities available-for-sale | See previous table | 599,239,228 | 599,239,000 | 580,039,080 | 580,039,000 | |||||||||||||
Loans receivable, net | Level 2 | 549,980,394 | 549,972,000 | 564,501,547 | 562,073,000 | |||||||||||||
Loans held for sale | Level 2 | 697,145 | 697,000 | 295,618 | 296,000 | |||||||||||||
Accrued income receivable | Level 1 | 7,186,788 | 7,187,000 | 7,437,673 | 7,438,000 | |||||||||||||
Financial liabilities: | ||||||||||||||||||
Deposits | Level 2 | $ | 982,570,399 | $ | 984,720,000 | $ | 1,011,803,178 | $ | 1,014,150,000 | |||||||||
Securities sold under agreements to repurchase | Level 1 | 61,151,643 | 61,152,000 | 39,616,644 | 39,617,000 | |||||||||||||
FHLB advances | Level 2 | 14,504,421 | 15,336,000 | 14,540,526 | 15,441,000 | |||||||||||||
Other borrowings | Level 2 | 20,000,000 | 21,574,000 | 20,000,000 | 22,033,000 | |||||||||||||
Accrued interest payable | Level 1 | 538,201 | 538,000 | 594,223 | 594,000 | |||||||||||||
The methodologies used to determine fair value as of June 30, 2014 did not change from the methodologies described in the December 31, 2013 Annual Financial Statements. |
Note_6_Debt_and_Equity_Securit
Note 6 - Debt and Equity Securities | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ' | ||||||||||||||||||||||||
6. Debt and Equity Securities | |||||||||||||||||||||||||
The amortized cost of securities available-for-sale and their fair values are summarized below: | |||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | |||||||||||||||||||||||
Cost | Gains | Losses | Fair Value | ||||||||||||||||||||||
June 30, 2014: | |||||||||||||||||||||||||
U.S. government treasuries | $ | 948,899 | $ | 9,617 | $ | - | $ | 958,516 | |||||||||||||||||
U.S. government agencies | 94,351,719 | 1,269,063 | (687,018 | ) | 94,933,764 | ||||||||||||||||||||
U.S. government mortgage-backed securities | 145,402,327 | 3,562,782 | (385,843 | ) | 148,579,266 | ||||||||||||||||||||
State and political subdivisions | 295,942,426 | 6,268,608 | (1,002,228 | ) | 301,208,806 | ||||||||||||||||||||
Corporate bonds | 50,086,295 | 744,469 | (984,488 | ) | 49,846,276 | ||||||||||||||||||||
Equity securities, financial industry common stock | 629,700 | 158,700 | - | 788,400 | |||||||||||||||||||||
Equity securities, other | 2,924,200 | - | - | 2,924,200 | |||||||||||||||||||||
$ | 590,285,566 | $ | 12,013,239 | $ | (3,059,577 | ) | $ | 599,239,228 | |||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | |||||||||||||||||||||||
Cost | Gains | Losses | Fair Value | ||||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
U.S. government agencies | $ | 61,569,302 | $ | 1,116,644 | $ | (1,508,155 | ) | $ | 61,177,791 | ||||||||||||||||
U.S. government mortgage-backed securities | 153,857,058 | 2,846,821 | (1,561,923 | ) | 155,141,956 | ||||||||||||||||||||
State and political subdivisions | 314,177,458 | 5,055,906 | (4,009,231 | ) | 315,224,133 | ||||||||||||||||||||
Corporate bonds | 46,186,879 | 756,222 | (2,191,401 | ) | 44,751,700 | ||||||||||||||||||||
Equity securities, financial industry common stock | 629,700 | 211,200 | - | 840,900 | |||||||||||||||||||||
Equity securities, other | 2,902,600 | - | - | 2,902,600 | |||||||||||||||||||||
$ | 579,322,997 | $ | 9,986,793 | $ | (9,270,710 | ) | $ | 580,039,080 | |||||||||||||||||
The proceeds, gains and losses from securities available-for-sale are summarized as follows: | |||||||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
Proceeds from sales of securities available-for-sale | $ | - | $ | 13,916,614 | $ | 3,478,851 | $ | 15,618,009 | |||||||||||||||||
Gross realized gains on securities available-for-sale | - | 364,251 | 135,081 | 434,753 | |||||||||||||||||||||
Gross realized losses on securities available-for-sale | - | 1 | - | 1,512 | |||||||||||||||||||||
Tax provision applicable to net realized gains on securities available-for-sale | - | 136,000 | 50,000 | 162,000 | |||||||||||||||||||||
Unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are summarized as follows: | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||||||||||
June 30, 2014: | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. government agencies | $ | 18,400,184 | $ | (62,881 | ) | $ | 17,384,728 | $ | (624,137 | ) | $ | 35,784,912 | $ | (687,018 | ) | ||||||||||
U.S. government mortgage-backed securities | 7,162,161 | (37,358 | ) | 31,556,783 | (348,485 | ) | 38,718,944 | (385,843 | ) | ||||||||||||||||
State and political subdivisions | 24,182,013 | (106,993 | ) | 52,699,767 | (895,235 | ) | 76,881,780 | (1,002,228 | ) | ||||||||||||||||
Corporate bonds | 3,043,661 | (22,192 | ) | 27,535,766 | (962,296 | ) | 30,579,427 | (984,488 | ) | ||||||||||||||||
$ | 52,788,019 | $ | (229,424 | ) | $ | 129,177,044 | $ | (2,830,153 | ) | $ | 181,965,063 | $ | (3,059,577 | ) | |||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. government agencies | $ | 31,806,447 | $ | (1,508,155 | ) | $ | - | $ | - | $ | 31,806,447 | $ | (1,508,155 | ) | |||||||||||
U.S. government mortgage-backed securities | 71,326,568 | (1,479,321 | ) | 2,771,874 | (82,602 | ) | 74,098,442 | (1,561,923 | ) | ||||||||||||||||
State and political subdivisions | 99,974,091 | (3,028,851 | ) | 15,438,484 | (980,380 | ) | 115,412,575 | (4,009,231 | ) | ||||||||||||||||
Corporate bonds | 21,382,087 | (1,150,658 | ) | 8,798,047 | (1,040,743 | ) | 30,180,134 | (2,191,401 | ) | ||||||||||||||||
$ | 224,489,193 | $ | (7,166,985 | ) | $ | 27,008,405 | $ | (2,103,725 | ) | $ | 251,497,598 | $ | (9,270,710 | ) | |||||||||||
Gross unrealized losses on debt securities totaled $3,059,577 as of June 30, 2014. These unrealized losses are generally due to changes in interest rates or general market conditions. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and industry analysts’ reports. Management concluded that the gross unrealized losses on debt securities were temporary. Due to potential changes in conditions, it is at least reasonably possible that changes in fair values and management’s assessments will occur in the near term and that such changes could materially affect the amounts reported in the Company’s financial statements. |
Note_7_Loan_Receivable_and_Cre
Note 7 - Loan Receivable and Credit Disclosures | 6 Months Ended | ||||||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||
Financing Receivables [Text Block] | ' | ||||||||||||||||||||||||||||||||
7. Loan Receivable and Credit Disclosures | |||||||||||||||||||||||||||||||||
Activity in the allowance for loan losses, on a disaggregated basis, for the three and six months ended June 30, 2014 and 2013 is as follows: (in thousands) | |||||||||||||||||||||||||||||||||
Three Months Ended June 30, 2014 | |||||||||||||||||||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Agricultural | Consumer | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Real Estate | Commercial | Agricultural | and Other | Total | ||||||||||||||||||||||||||
Balance, March 31 2014 | $ | 440 | $ | 1,540 | $ | 3,199 | $ | 731 | $ | 1,405 | $ | 1,107 | $ | 146 | $ | 8,568 | |||||||||||||||||
Provision (credit) for loan losses | 74 | 63 | (55 | ) | (37 | ) | (24 | ) | (1 | ) | 16 | 36 | |||||||||||||||||||||
Recoveries of loans charged-off | - | 3 | - | - | 15 | - | 6 | 24 | |||||||||||||||||||||||||
Loans charged-off | - | (103 | ) | - | - | - | - | (8 | ) | (111 | ) | ||||||||||||||||||||||
Balance, June 30 2014 | $ | 514 | $ | 1,503 | $ | 3,144 | $ | 694 | $ | 1,396 | $ | 1,106 | $ | 160 | $ | 8,517 | |||||||||||||||||
Six Months Ended June 30 2014 | |||||||||||||||||||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Agricultural | Consumer | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Real Estate | Commercial | Agricultural | and Other | Total | ||||||||||||||||||||||||||
Balance, December 31, 2013 | $ | 392 | $ | 1,523 | $ | 3,230 | $ | 686 | $ | 1,435 | $ | 1,165 | $ | 141 | $ | 8,572 | |||||||||||||||||
Provision (credit) for loan losses | 122 | 81 | (86 | ) | 8 | (55 | ) | (59 | ) | 64 | 75 | ||||||||||||||||||||||
Recoveries of loans charged-off | - | 7 | - | - | 16 | - | 11 | 34 | |||||||||||||||||||||||||
Loans charged-off | - | (108 | ) | - | - | - | - | (56 | ) | (164 | ) | ||||||||||||||||||||||
Balance, June 30, 2014 | $ | 514 | $ | 1,503 | $ | 3,144 | $ | 694 | $ | 1,396 | $ | 1,106 | $ | 160 | $ | 8,517 | |||||||||||||||||
Three Months Ended June 30, 2013 | |||||||||||||||||||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Agricultural | Consumer | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Real Estate | Commercial | Agricultural | and Other | Total | ||||||||||||||||||||||||||
Balance, March 31, 2013 | $ | 326 | $ | 1,492 | $ | 3,075 | $ | 524 | $ | 1,305 | $ | 904 | $ | 160 | $ | 7,786 | |||||||||||||||||
Provision (credit) for loan losses | 6 | (13 | ) | (73 | ) | 67 | 37 | 17 | 19 | 60 | |||||||||||||||||||||||
Recoveries of loans charged-off | - | 17 | - | - | 1 | - | 4 | 22 | |||||||||||||||||||||||||
Loans charged-off | - | (40 | ) | - | - | - | - | (9 | ) | (49 | ) | ||||||||||||||||||||||
Balance, June 30, 2013 | $ | 332 | $ | 1,456 | $ | 3,002 | $ | 591 | $ | 1,343 | $ | 921 | $ | 174 | $ | 7,819 | |||||||||||||||||
Six Months Ended June 30, 2013 | |||||||||||||||||||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Agricultural | Consumer | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Real Estate | Commercial | Agricultural | and Other | Total | ||||||||||||||||||||||||||
Balance, December 31, 2012 | $ | 375 | $ | 1,433 | $ | 2,859 | $ | 523 | $ | 1,461 | $ | 945 | $ | 177 | $ | 7,773 | |||||||||||||||||
Provision (credit) for loan losses | (43 | ) | 48 | 143 | 68 | (120 | ) | (24 | ) | 2 | 74 | ||||||||||||||||||||||
Recoveries of loans charged-off | - | 38 | - | - | 2 | - | 8 | 48 | |||||||||||||||||||||||||
Loans charged-off | - | (63 | ) | - | - | - | - | (13 | ) | (76 | ) | ||||||||||||||||||||||
Balance, June 30, 2013 | $ | 332 | $ | 1,456 | $ | 3,002 | $ | 591 | $ | 1,343 | $ | 921 | $ | 174 | $ | 7,819 | |||||||||||||||||
Allowance for loan losses disaggregated on the basis of impairment analysis method as of June 30, 2014 and December 31, 2013 is as follows: (in thousands) | |||||||||||||||||||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Agricultural | Consumer | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Real Estate | Commercial | Agricultural | and Other | Total | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | - | $ | 62 | $ | 34 | $ | - | $ | 247 | $ | 4 | $ | 5 | $ | 352 | |||||||||||||||||
Collectively evaluated for impairment | 514 | 1,441 | 3,110 | 694 | 1,149 | 1,102 | 155 | 8,165 | |||||||||||||||||||||||||
Balance June 30, 2014 | $ | 514 | $ | 1,503 | $ | 3,144 | $ | 694 | $ | 1,396 | $ | 1,106 | $ | 160 | $ | 8,517 | |||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Agricultural | Consumer | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Real Estate | Commercial | Agricultural | and Other | Total | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | - | $ | 122 | $ | 20 | $ | - | $ | 330 | $ | 5 | $ | - | $ | 477 | |||||||||||||||||
Collectively evaluated for impairment | 392 | 1,401 | 3,210 | 686 | 1,105 | 1,160 | 141 | 8,095 | |||||||||||||||||||||||||
Balance December 31, 2013 | $ | 392 | $ | 1,523 | $ | 3,230 | $ | 686 | $ | 1,435 | $ | 1,165 | $ | 141 | $ | 8,572 | |||||||||||||||||
Loans receivable disaggregated on the basis of impairment analysis method as of June 30, 2014 and December 31, 2013 is as follows (in thousands): | |||||||||||||||||||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Agricultural | Consumer | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Real Estate | Commercial | Agricultural | and Other | Total | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 425 | $ | 285 | $ | 202 | $ | - | $ | 371 | $ | 23 | $ | 13 | $ | 1,319 | |||||||||||||||||
Collectively evaluated for impairment | 30,416 | 115,402 | 186,104 | 53,110 | 88,903 | 70,047 | 13,259 | 557,241 | |||||||||||||||||||||||||
Balance June 30, 2014 | $ | 30,841 | $ | 115,687 | $ | 186,306 | $ | 53,110 | $ | 89,274 | $ | 70,070 | $ | 13,272 | $ | 558,560 | |||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Agricultural | Consumer | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Real Estate | Commercial | Agricultural | and Other | Total | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 510 | $ | 784 | $ | 526 | $ | - | $ | 816 | $ | 24 | $ | 61 | $ | 2,721 | |||||||||||||||||
Collectively evaluated for impairment | 23,418 | 107,506 | 205,585 | 53,834 | 86,007 | 81,302 | 12,734 | 570,386 | |||||||||||||||||||||||||
Balance December 31, 2013 | $ | 23,928 | $ | 108,290 | $ | 206,111 | $ | 53,834 | $ | 86,823 | $ | 81,326 | $ | 12,795 | $ | 573,107 | |||||||||||||||||
A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payment of principal and interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. The Company will apply its normal loan review procedures to identify loans that should be evaluated for impairment. The following is a recap of impaired loans, on a disaggregated basis, at June 30, 2014 and December 31, 2013: (in thousands) | |||||||||||||||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||
Unpaid | Unpaid | ||||||||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Principal | Related | ||||||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Balance | Allowance | ||||||||||||||||||||||||||||
With no specific reserve recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | $ | 425 | $ | 425 | $ | - | $ | 510 | $ | 510 | $ | - | |||||||||||||||||||||
Real estate - 1 to 4 family residential | 66 | 66 | - | 483 | 483 | - | |||||||||||||||||||||||||||
Real estate - commercial | 42 | 42 | - | 480 | 480 | - | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial | 33 | 33 | - | 43 | 43 | - | |||||||||||||||||||||||||||
Agricultural | 19 | 19 | - | 19 | 19 | - | |||||||||||||||||||||||||||
Consumer and other | 8 | 8 | - | 61 | 61 | - | |||||||||||||||||||||||||||
Total loans with no specific reserve: | 593 | 593 | - | 1,596 | 1,596 | - | |||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | - | - | - | - | - | - | |||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 219 | 219 | 62 | 301 | 301 | 122 | |||||||||||||||||||||||||||
Real estate - commercial | 160 | 160 | 34 | 46 | 46 | 20 | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial | 338 | 338 | 247 | 773 | 773 | 330 | |||||||||||||||||||||||||||
Agricultural | 4 | 4 | 4 | 5 | 5 | 5 | |||||||||||||||||||||||||||
Consumer and other | 5 | 5 | 5 | - | - | - | |||||||||||||||||||||||||||
Total loans with specific reserve: | 726 | 726 | 352 | 1,125 | 1,125 | 477 | |||||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||||||
Real estate - construction | 425 | 425 | - | 510 | 510 | - | |||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 285 | 285 | 62 | 784 | 784 | 122 | |||||||||||||||||||||||||||
Real estate - commercial | 202 | 202 | 34 | 526 | 526 | 20 | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial | 371 | 371 | 247 | 816 | 816 | 330 | |||||||||||||||||||||||||||
Agricultural | 23 | 23 | 4 | 24 | 24 | 5 | |||||||||||||||||||||||||||
Consumer and other | 13 | 13 | 5 | 61 | 61 | - | |||||||||||||||||||||||||||
$ | 1,319 | $ | 1,319 | $ | 352 | $ | 2,721 | $ | 2,721 | $ | 477 | ||||||||||||||||||||||
The following is a recap of the average recorded investment and interest income recognized on impaired loans for the three and six months ended June 30, 2014 and 2013: (in thousands) | |||||||||||||||||||||||||||||||||
Three Months Ended June 30, | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||||||
With no specific reserve recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | $ | 461 | $ | - | $ | 939 | $ | - | |||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 66 | - | 607 | - | |||||||||||||||||||||||||||||
Real estate - commercial | 43 | 177 | 1,440 | - | |||||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | |||||||||||||||||||||||||||||
Commercial | 38 | - | 65 | - | |||||||||||||||||||||||||||||
Agricultural | 19 | - | - | - | |||||||||||||||||||||||||||||
Consumer and other | 11 | - | 2 | - | |||||||||||||||||||||||||||||
Total loans with no specific reserve: | 638 | 177 | 3,053 | - | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | - | - | 410 | - | |||||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 308 | - | 419 | - | |||||||||||||||||||||||||||||
Real estate - commercial | 103 | - | 1,321 | - | |||||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | |||||||||||||||||||||||||||||
Commercial | 546 | 70 | 774 | - | |||||||||||||||||||||||||||||
Agricultural | 4 | - | 6 | - | |||||||||||||||||||||||||||||
Consumer and other | 3 | - | 1 | - | |||||||||||||||||||||||||||||
Total loans with specific reserve: | 964 | 70 | 2,931 | - | |||||||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||||||
Real estate - construction | 461 | - | 1,349 | - | |||||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 374 | - | 1,026 | - | |||||||||||||||||||||||||||||
Real estate - commercial | 146 | 177 | 2,761 | - | |||||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | |||||||||||||||||||||||||||||
Commercial | 584 | 70 | 839 | - | |||||||||||||||||||||||||||||
Agricultural | 23 | - | 6 | - | |||||||||||||||||||||||||||||
Consumer and other | 14 | - | 3 | - | |||||||||||||||||||||||||||||
$ | 1,602 | $ | 247 | $ | 5,984 | $ | - | ||||||||||||||||||||||||||
Six Months Ended June 30, | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||||||
With no specific reserve recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | $ | 477 | $ | - | $ | 979 | $ | - | |||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 205 | 5 | 623 | - | |||||||||||||||||||||||||||||
Real estate - commercial | 189 | 206 | 1,420 | 2 | |||||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | |||||||||||||||||||||||||||||
Commercial | 39 | - | 70 | - | |||||||||||||||||||||||||||||
Agricultural | 19 | - | - | - | |||||||||||||||||||||||||||||
Consumer and other | 28 | - | 3 | - | |||||||||||||||||||||||||||||
Total loans with no specific reserve: | 957 | 211 | 3,095 | 2 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | - | - | 417 | - | |||||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 305 | - | 434 | - | |||||||||||||||||||||||||||||
Real estate - commercial | 84 | - | 1,514 | - | |||||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | |||||||||||||||||||||||||||||
Commercial | 622 | 70 | 726 | - | |||||||||||||||||||||||||||||
Agricultural | 4 | - | 6 | - | |||||||||||||||||||||||||||||
Consumer and other | 2 | - | - | - | |||||||||||||||||||||||||||||
Total loans with specific reserve: | 1,017 | 70 | 3,097 | - | |||||||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||||||
Real estate - construction | 477 | - | 1,396 | - | |||||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 510 | 5 | 1,057 | - | |||||||||||||||||||||||||||||
Real estate - commercial | 273 | 206 | 2,934 | 2 | |||||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | |||||||||||||||||||||||||||||
Commercial | 661 | 70 | 796 | - | |||||||||||||||||||||||||||||
Agricultural | 23 | - | 6 | - | |||||||||||||||||||||||||||||
Consumer and other | 30 | - | 3 | - | |||||||||||||||||||||||||||||
$ | 1,974 | $ | 281 | $ | 6,192 | $ | 2 | ||||||||||||||||||||||||||
The interest foregone on nonaccrual loans for the three months ended June 30, 2014 and 2013 was approximately $25,000 and $81,000, respectively. The interest foregone on nonaccrual loans for the six months ended June 30, 2014 and 2013 was approximately $61,000 and $166,000, respectively. | |||||||||||||||||||||||||||||||||
The Company had loans meeting the definition of a troubled debt restructuring (TDR) of $733,000 as of June 30, 2014, of which all were included in impaired loans and nonaccrual loans. The Company had TDRs of $1,424,000 as of December 31, 2013, all of which were included in impaired loans, $1,237,000 was included as nonaccrual loans and $187,000 was on accrual status. | |||||||||||||||||||||||||||||||||
The following table sets forth information on the Company’s TDRs, on a disaggregated basis, occurring in the three and six months ended June 30, 2014 and 2013: (dollars in thousands) | |||||||||||||||||||||||||||||||||
Three Months Ended June 30, | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | Pre-Modification | Post-Modification | ||||||||||||||||||||||||||||||
Outstanding | Outstanding | Outstanding | Outstanding | ||||||||||||||||||||||||||||||
Number of | Recorded | Recorded | Number of | Recorded | Recorded | ||||||||||||||||||||||||||||
Contracts | Investment | Investment | Contracts | Investment | Investment | ||||||||||||||||||||||||||||
Real estate - construction | - | $ | - | $ | - | - | $ | - | $ | - | |||||||||||||||||||||||
Real estate - 1 to 4 family residential | - | - | - | - | - | - | |||||||||||||||||||||||||||
Real estate - commercial | - | - | - | - | - | - | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial | - | - | - | 1 | 130 | 130 | |||||||||||||||||||||||||||
Agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | |||||||||||||||||||||||||||
- | $ | - | $ | - | 1 | $ | 130 | $ | 130 | ||||||||||||||||||||||||
Six Months Ended June 30, | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | Pre-Modification | Post-Modification | ||||||||||||||||||||||||||||||
Outstanding | Outstanding | Outstanding | Outstanding | ||||||||||||||||||||||||||||||
Number of | Recorded | Recorded | Number of | Recorded | Recorded | ||||||||||||||||||||||||||||
Contracts | Investment | Investment | Contracts | Investment | Investment | ||||||||||||||||||||||||||||
Real estate - construction | - | $ | - | $ | - | - | $ | - | $ | - | |||||||||||||||||||||||
Real estate - 1 to 4 family residential | - | - | - | - | - | - | |||||||||||||||||||||||||||
Real estate - commercial | 1 | 43 | 43 | - | - | - | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial | - | - | - | 1 | 130 | 130 | |||||||||||||||||||||||||||
Agricultural | 1 | 19 | 19 | - | - | - | |||||||||||||||||||||||||||
Consumer and other | 1 | 6 | 6 | - | - | - | |||||||||||||||||||||||||||
3 | $ | 68 | $ | 68 | 1 | $ | 130 | $ | 130 | ||||||||||||||||||||||||
There was no new TDR activity in the three months ended June 30, 2014. However, during the three months ended March 31, 2014, the Company granted concessions to two borrowers experiencing financial difficulties. The commercial real estate loan was restructured as an interest only loan for a period of time. The agricultural and consumer loans maturity date was extended one year with interest only until maturity. | |||||||||||||||||||||||||||||||||
During the three months ended June 30, 2013, the Company restructured one loan by granting concessions to a borrower experiencing financial difficulties. The loan was restricted with a collateral shortfall. There was no new TDR activity in the three months ended March 31, 2013. | |||||||||||||||||||||||||||||||||
A TDR loan is considered to have payment default when it is past due 60 days or more. | |||||||||||||||||||||||||||||||||
One TDR loan modified during the twelve months ended June 30, 2014 had a payment default. This modified TDR loan had a balance as of June 30, 2014 of $94,000. Two TDR loans modified during the twelve months ended June 30, 2013 had payment defaults. These modified TDR loans had a balance as of June 30, 2013 of $138,000. | |||||||||||||||||||||||||||||||||
There was one charge-off related to a TDR for the six months ended June 30, 2014 in the amount of $44,000 and no charge-offs related to TDRs for the six months ended June 30, 2013. For the six months ended June 30, 2014, the specific reserves were reduced by $100,000 as a result of one TDR that is no longer considered impaired. For the six months ended June 30, 2013, there was no impact on specific reserves due to TDRs. | |||||||||||||||||||||||||||||||||
An aging analysis of the recorded investments in loans, on a disaggregated basis, as of June 30, 2014 and December 31, 2013, is as follows: (in thousands) | |||||||||||||||||||||||||||||||||
90 Days | 90 Days | ||||||||||||||||||||||||||||||||
30-89 | or Greater | Total | or Greater | ||||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Current | Total | Accruing | ||||||||||||||||||||||||||||
Real estate - construction | $ | - | $ | - | $ | - | $ | 30,841 | $ | 30,841 | $ | - | |||||||||||||||||||||
Real estate - 1 to 4 family residential | 1,033 | 94 | 1,127 | 114,560 | 115,687 | - | |||||||||||||||||||||||||||
Real estate - commercial | - | 45 | 45 | 186,261 | 186,306 | - | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | 53,110 | 53,110 | - | |||||||||||||||||||||||||||
Commercial | 573 | 227 | 800 | 88,474 | 89,274 | - | |||||||||||||||||||||||||||
Agricultural | 80 | - | 80 | 69,990 | 70,070 | - | |||||||||||||||||||||||||||
Consumer and other | 41 | - | 41 | 13,231 | 13,272 | - | |||||||||||||||||||||||||||
$ | 1,727 | $ | 366 | $ | 2,093 | $ | 556,467 | $ | 558,560 | $ | - | ||||||||||||||||||||||
90 Days | 90 Days | ||||||||||||||||||||||||||||||||
30-89 | or Greater | Total | or Greater | ||||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Current | Total | Accruing | ||||||||||||||||||||||||||||
Real estate - construction | $ | - | $ | - | $ | - | $ | 23,928 | $ | 23,928 | $ | - | |||||||||||||||||||||
Real estate - 1 to 4 family residential | 1,059 | 4,000 | 5,059 | 103,231 | 108,290 | 27 | |||||||||||||||||||||||||||
Real estate - commercial | - | 46 | 46 | 206,065 | 206,111 | - | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | 53,834 | 53,834 | - | |||||||||||||||||||||||||||
Commercial | 88 | 375 | 463 | 86,360 | 86,823 | - | |||||||||||||||||||||||||||
Agricultural | - | - | - | 81,326 | 81,326 | - | |||||||||||||||||||||||||||
Consumer and other | 35 | - | 35 | 12,760 | 12,795 | - | |||||||||||||||||||||||||||
$ | 1,182 | $ | 4,421 | $ | 5,603 | $ | 567,504 | $ | 573,107 | $ | 27 | ||||||||||||||||||||||
The credit risk profile by internally assigned grade, on a disaggregated basis, at June 30, 2014 and December 31, 2013 is as follows: (in thousands) | |||||||||||||||||||||||||||||||||
Construction | Commercial | Agricultural | |||||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Commercial | Agricultural | Total | ||||||||||||||||||||||||||||
Pass | $ | 24,772 | $ | 155,444 | $ | 50,194 | $ | 77,265 | $ | 66,153 | $ | 373,828 | |||||||||||||||||||||
Watch | 2,750 | 20,385 | 2,804 | 10,416 | 3,638 | 39,993 | |||||||||||||||||||||||||||
Special Mention | - | 738 | - | 30 | 89 | 857 | |||||||||||||||||||||||||||
Substandard | 2,894 | 9,537 | 112 | 1,192 | 167 | 13,902 | |||||||||||||||||||||||||||
Substandard-Impaired | 425 | 202 | - | 371 | 23 | 1,021 | |||||||||||||||||||||||||||
$ | 30,841 | $ | 186,306 | $ | 53,110 | $ | 89,274 | $ | 70,070 | $ | 429,601 | ||||||||||||||||||||||
Construction | Commercial | Agricultural | |||||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Commercial | Agricultural | Total | ||||||||||||||||||||||||||||
Pass | $ | 16,887 | $ | 169,659 | $ | 51,486 | $ | 73,073 | $ | 78,476 | $ | 389,581 | |||||||||||||||||||||
Watch | 3,545 | 20,267 | 2,051 | 10,717 | 1,963 | 38,543 | |||||||||||||||||||||||||||
Special Mention | - | 798 | - | 796 | 9 | 1,603 | |||||||||||||||||||||||||||
Substandard | 2,986 | 14,862 | 297 | 1,421 | 854 | 20,420 | |||||||||||||||||||||||||||
Substandard-Impaired | 510 | 526 | - | 816 | 24 | 1,876 | |||||||||||||||||||||||||||
$ | 23,928 | $ | 206,112 | $ | 53,834 | $ | 86,823 | $ | 81,326 | $ | 452,023 | ||||||||||||||||||||||
The credit risk profile based on payment activity, on a disaggregated basis, at June 30, 2014 and December 31, 2013 is as follows: | |||||||||||||||||||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Residential | Consumer | ||||||||||||||||||||||||||||||||
Real Estate | and Other | Total | |||||||||||||||||||||||||||||||
Performing | $ | 115,402 | $ | 13,259 | $ | 128,661 | |||||||||||||||||||||||||||
Non-performing | 285 | 13 | 298 | ||||||||||||||||||||||||||||||
$ | 115,687 | $ | 13,272 | $ | 128,959 | ||||||||||||||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Residential | Consumer | ||||||||||||||||||||||||||||||||
Real Estate | and Other | Total | |||||||||||||||||||||||||||||||
Performing | $ | 107,667 | $ | 12,740 | $ | 120,407 | |||||||||||||||||||||||||||
Non-performing | 623 | 55 | 678 | ||||||||||||||||||||||||||||||
$ | 108,290 | $ | 12,795 | $ | 121,085 | ||||||||||||||||||||||||||||
Note_8_Other_Real_Estate_Owned
Note 8 - Other Real Estate Owned | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Real Estate Owned [Text Block] | ' | ||||||||
8. Other Real Estate Owned | |||||||||
The following table provides the composition of other real estate owned as of June 30, 2014 and December 31, 2013: | |||||||||
2014 | 2013 | ||||||||
Construction and land development | $ | 6,745,298 | $ | 6,750,503 | |||||
1 to 4 family residential real estate | 1,368,977 | 1,296,227 | |||||||
Commercial real estate | 814,377 | 814,377 | |||||||
$ | 8,928,652 | $ | 8,861,107 | ||||||
The Company is actively marketing the assets referred in the table above. Management uses appraised values and adjusts for trends observed in the market and for disposition costs in determining the value of other real estate owned. The assets above are primarily located in the metropolitan Des Moines, Iowa and Ames, Iowa areas. |
Note_9_Goodwill
Note 9 - Goodwill | 6 Months Ended |
Jun. 30, 2014 | |
Disclosure Text Block Supplement [Abstract] | ' |
Goodwill Disclosure [Text Block] | ' |
9. Goodwill | |
Goodwill was recognized in 2012 due to an acquisition which resulted in an expanded market area. The goodwill resulted from a premium paid related to this acquisition. The goodwill is not amortized but is evaluated for impairment at least annually. For income tax purposes, goodwill is amortized over 15 years. |
Note_10_Core_Deposit_Intangibl
Note 10 - Core Deposit Intangible Asset | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||
Intangible Assets Disclosure [Text Block] | ' | ||||||||||||||||
10. Core deposit intangible asset | |||||||||||||||||
In conjunction with the 2012 acquisition mentioned in Note 9, the Corporation recorded a $1.5 million core deposit intangible asset. The following sets forth the carrying amounts and accumulated amortization of core deposit intangible assets at June 30, 2014 and December 31, 2013: | |||||||||||||||||
2014 | 2013 | ||||||||||||||||
Gross | Accumulated | Gross | Accumulated | ||||||||||||||
Amount | Amortization | Amount | Amortization | ||||||||||||||
Core deposit intangible asset | $ | 1,500,000 | $ | 597,184 | $ | 1,500,000 | $ | 470,436 | |||||||||
There were no additions of acquired intangible assets during 2014 or 2013. | |||||||||||||||||
Amortization expense on core deposit intangible assets totaled $61,000 and $68,425 for the three months ended June 30, 2014 and 2013, respectively. Amortization expense on core deposit intangible assets totaled $126,748 and $142,198 for the six months ended June 30, 2014 and 2013, respectively. | |||||||||||||||||
Estimated remaining amortization expense on core deposit intangible for the years ending is as follows: | |||||||||||||||||
2014 | $ | 117,252 | |||||||||||||||
2015 | 217,500 | ||||||||||||||||
2016 | 193,864 | ||||||||||||||||
2017 | 172,768 | ||||||||||||||||
2018 | 152,732 | ||||||||||||||||
2019 | 48,700 | ||||||||||||||||
$ | 902,816 | ||||||||||||||||
Note_11_Subsequent_Events
Note 11 - Subsequent Events | 6 Months Ended |
Jun. 30, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
11. Subsequent Events | |
Management evaluated subsequent events through the date the financial statements were issued. On April 30, 2014, First National Bank, Ames, Iowa, a 100% owned subsidiary of Ames National Corporation, entered into a purchase and assumption agreement with another financial institution to purchase substantially all of the assets of the other institution, including loans, and assume substantially all of the liabilities of the other institution, including deposits. At closing, First National Bank expects to provide the seller with a payment of approximately $4,700,000, adjusted for certain items at closing. The transaction is expected to close in the third quarter of 2014 and is subject to regulatory approval and other customary closing conditions. There were no other significant events or transactions occurring after June 30, 2014, but prior to August 6, 2014, that provided additional evidence about conditions that existed at June 30, 2014. There were no other significant events or transactions that provided evidence about conditions that did not exist at June 30, 2014. |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Consolidation, Policy [Policy Text Block] | ' |
The consolidated financial statements for the three and six months ended June 30, 2014 and 2013 are unaudited. In the opinion of the management of Ames National Corporation (the "Company"), these financial statements reflect all adjustments, consisting only of normal recurring accruals, necessary to present fairly these consolidated financial statements. The results of operations for the interim periods are not necessarily indicative of results which may be expected for an entire year. Certain information and footnote disclosures normally included in complete financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted in accordance with the requirements for interim financial statements. The interim financial statements and notes thereto should be read in conjunction with the year-end audited financial statements contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2013 (the “Annual Report”). The consolidated financial statements include the accounts of the Company and its wholly-owned banking subsidiaries (the “Banks”). All significant intercompany balances and transactions have been eliminated in consolidation. | |
Goodwill and Intangible Assets, Policy [Policy Text Block] | ' |
Goodwill: Goodwill represents the excess of cost over the fair value of net assets acquired. Goodwill resulting from acquisitions is not amortized, but is tested for impairment annually or whenever events change and circumstances indicate that it is more likely than not that an impairment loss has occurred. Goodwill is tested for impairment using a two-step process that begins with an estimation of the fair value of a reporting unit. The second step, if necessary, measures the amount of impairment, if any. | |
Significant judgment is applied when goodwill is assessed for impairment. This judgment includes developing cash flow projections, selecting appropriate discount rates, identifying relevant market comparables, incorporating general economic and market conditions and selecting an appropriate control premium. At June 30, 2014, Company management has performed a goodwill impairment analysis and determined goodwill was not impaired. | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
New Accounting Pronouncements: In January 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-04, Receivables—Troubled Debt Restructuring by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure. The update clarifies when an in substance foreclosure occurs, that is, when a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan. This is the point when the consumer mortgage loan should be derecognized and the real property recognized. For public companies, this update will be effective for interim and annual periods beginning after December 31, 2014 and early adoption is permitted. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. | |
In June 2014, the FASB issued ASU No. 2014-11, “Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.” The new guidance aligns the accounting for repurchase-to-maturity transactions and repurchase agreements executed as a repurchase financing with the accounting for other typical repurchase agreements. The amendments in the ASU also require expanded disclosures about the nature of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. The amendments in this ASU are effective for public companies for the first interim or annual period beginning after December 15, 2014. The adoption of this ASU may result in additional disclosures but is not expected to impact significantly the Company’s consolidated financial statements. |
Note_5_Fair_Value_Measurements1
Note 5 - Fair Value Measurements (Tables) | 6 Months Ended | |||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | ' | |||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
2014 | ||||||||||||||||||
U.S. government treasuries | $ | 959,000 | $ | 959,000 | $ | - | $ | - | ||||||||||
U.S. government agencies | 94,934,000 | - | 94,934,000 | - | ||||||||||||||
U.S. government mortgage-backed securities | 148,579,000 | - | 148,579,000 | - | ||||||||||||||
State and political subdivisions | 301,209,000 | - | 301,209,000 | - | ||||||||||||||
Corporate bonds | 49,846,000 | - | 49,846,000 | - | ||||||||||||||
Equity securities, financial industry common stock | 788,000 | 788,000 | - | - | ||||||||||||||
Equity securities, other | 2,924,000 | - | 2,924,000 | - | ||||||||||||||
$ | 599,239,000 | $ | 1,747,000 | $ | 597,492,000 | $ | - | |||||||||||
2013 | ||||||||||||||||||
U.S. government agencies | $ | 61,178,000 | $ | - | $ | 61,178,000 | $ | - | ||||||||||
U.S. government mortgage-backed securities | 155,142,000 | - | 155,142,000 | - | ||||||||||||||
State and political subdivisions | 315,224,000 | - | 315,224,000 | - | ||||||||||||||
Corporate bonds | 44,752,000 | - | 44,752,000 | - | ||||||||||||||
Equity securities, financial industry common stock | 841,000 | 841,000 | - | - | ||||||||||||||
Equity securities, other | 2,902,000 | - | 2,902,000 | - | ||||||||||||||
$ | 580,039,000 | $ | 841,000 | $ | 579,198,000 | $ | - | |||||||||||
Fair Value Measurements, Nonrecurring [Table Text Block] | ' | |||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
2014 | ||||||||||||||||||
Loans receivable | $ | 374,000 | $ | - | $ | - | $ | 374,000 | ||||||||||
Other real estate owned | 8,929,000 | - | - | 8,929,000 | ||||||||||||||
Total | $ | 9,303,000 | $ | - | $ | - | $ | 9,303,000 | ||||||||||
2013 | ||||||||||||||||||
Loans receivable | $ | 648,000 | $ | - | $ | - | $ | 648,000 | ||||||||||
Other real estate owned | 8,861,000 | - | - | 8,861,000 | ||||||||||||||
Total | $ | 9,509,000 | $ | - | $ | - | $ | 9,509,000 | ||||||||||
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | ' | |||||||||||||||||
2014 | ||||||||||||||||||
Fair Value | Valuation | Range of | Range | |||||||||||||||
Techniques | Unobservable Inputs | (Average) | ||||||||||||||||
Impaired Loans | $ | 374,000 | Evaluation of collateral | Estimation of value | NM* | |||||||||||||
Other real estate owned | $ | 8,929,000 | Appraisal | Appraisal adjustment | 6% | - | 10% | -8% | ||||||||||
2013 | ||||||||||||||||||
Fair Value | Valuation | Range of | Range | |||||||||||||||
Techniques | Unobservable Inputs | (Average) | ||||||||||||||||
Impaired Loans | $ | 648,000 | Evaluation of collateral | Estimation of value | NM* | |||||||||||||
Other real estate owned | $ | 8,861,000 | Appraisal | Appraisal adjustment | 6% | - | 10% | -8% | ||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | |||||||||||||||||
June 30, | December 31, | |||||||||||||||||
2014 | 2013 | |||||||||||||||||
Fair Value | ||||||||||||||||||
Hierarchy | Carrying | Fair | Carrying | Fair | ||||||||||||||
Level | Amount | Value | Amount | Value | ||||||||||||||
Financial assets: | ||||||||||||||||||
Cash and due from banks | Level 1 | $ | 23,718,424 | $ | 23,718,000 | $ | 24,270,031 | $ | 24,270,000 | |||||||||
Interest bearing deposits | Level 1 | 26,426,762 | 26,427,000 | 23,628,117 | 23,628,000 | |||||||||||||
Securities available-for-sale | See previous table | 599,239,228 | 599,239,000 | 580,039,080 | 580,039,000 | |||||||||||||
Loans receivable, net | Level 2 | 549,980,394 | 549,972,000 | 564,501,547 | 562,073,000 | |||||||||||||
Loans held for sale | Level 2 | 697,145 | 697,000 | 295,618 | 296,000 | |||||||||||||
Accrued income receivable | Level 1 | 7,186,788 | 7,187,000 | 7,437,673 | 7,438,000 | |||||||||||||
Financial liabilities: | ||||||||||||||||||
Deposits | Level 2 | $ | 982,570,399 | $ | 984,720,000 | $ | 1,011,803,178 | $ | 1,014,150,000 | |||||||||
Securities sold under agreements to repurchase | Level 1 | 61,151,643 | 61,152,000 | 39,616,644 | 39,617,000 | |||||||||||||
FHLB advances | Level 2 | 14,504,421 | 15,336,000 | 14,540,526 | 15,441,000 | |||||||||||||
Other borrowings | Level 2 | 20,000,000 | 21,574,000 | 20,000,000 | 22,033,000 | |||||||||||||
Accrued interest payable | Level 1 | 538,201 | 538,000 | 594,223 | 594,000 |
Note_6_Debt_and_Equity_Securit1
Note 6 - Debt and Equity Securities (Tables) | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | ' | ||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | |||||||||||||||||||||||
Cost | Gains | Losses | Fair Value | ||||||||||||||||||||||
June 30, 2014: | |||||||||||||||||||||||||
U.S. government treasuries | $ | 948,899 | $ | 9,617 | $ | - | $ | 958,516 | |||||||||||||||||
U.S. government agencies | 94,351,719 | 1,269,063 | (687,018 | ) | 94,933,764 | ||||||||||||||||||||
U.S. government mortgage-backed securities | 145,402,327 | 3,562,782 | (385,843 | ) | 148,579,266 | ||||||||||||||||||||
State and political subdivisions | 295,942,426 | 6,268,608 | (1,002,228 | ) | 301,208,806 | ||||||||||||||||||||
Corporate bonds | 50,086,295 | 744,469 | (984,488 | ) | 49,846,276 | ||||||||||||||||||||
Equity securities, financial industry common stock | 629,700 | 158,700 | - | 788,400 | |||||||||||||||||||||
Equity securities, other | 2,924,200 | - | - | 2,924,200 | |||||||||||||||||||||
$ | 590,285,566 | $ | 12,013,239 | $ | (3,059,577 | ) | $ | 599,239,228 | |||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | |||||||||||||||||||||||
Cost | Gains | Losses | Fair Value | ||||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
U.S. government agencies | $ | 61,569,302 | $ | 1,116,644 | $ | (1,508,155 | ) | $ | 61,177,791 | ||||||||||||||||
U.S. government mortgage-backed securities | 153,857,058 | 2,846,821 | (1,561,923 | ) | 155,141,956 | ||||||||||||||||||||
State and political subdivisions | 314,177,458 | 5,055,906 | (4,009,231 | ) | 315,224,133 | ||||||||||||||||||||
Corporate bonds | 46,186,879 | 756,222 | (2,191,401 | ) | 44,751,700 | ||||||||||||||||||||
Equity securities, financial industry common stock | 629,700 | 211,200 | - | 840,900 | |||||||||||||||||||||
Equity securities, other | 2,902,600 | - | - | 2,902,600 | |||||||||||||||||||||
$ | 579,322,997 | $ | 9,986,793 | $ | (9,270,710 | ) | $ | 580,039,080 | |||||||||||||||||
Realized Gain (Loss) on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
Proceeds from sales of securities available-for-sale | $ | - | $ | 13,916,614 | $ | 3,478,851 | $ | 15,618,009 | |||||||||||||||||
Gross realized gains on securities available-for-sale | - | 364,251 | 135,081 | 434,753 | |||||||||||||||||||||
Gross realized losses on securities available-for-sale | - | 1 | - | 1,512 | |||||||||||||||||||||
Tax provision applicable to net realized gains on securities available-for-sale | - | 136,000 | 50,000 | 162,000 | |||||||||||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||||||||||
June 30, 2014: | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. government agencies | $ | 18,400,184 | $ | (62,881 | ) | $ | 17,384,728 | $ | (624,137 | ) | $ | 35,784,912 | $ | (687,018 | ) | ||||||||||
U.S. government mortgage-backed securities | 7,162,161 | (37,358 | ) | 31,556,783 | (348,485 | ) | 38,718,944 | (385,843 | ) | ||||||||||||||||
State and political subdivisions | 24,182,013 | (106,993 | ) | 52,699,767 | (895,235 | ) | 76,881,780 | (1,002,228 | ) | ||||||||||||||||
Corporate bonds | 3,043,661 | (22,192 | ) | 27,535,766 | (962,296 | ) | 30,579,427 | (984,488 | ) | ||||||||||||||||
$ | 52,788,019 | $ | (229,424 | ) | $ | 129,177,044 | $ | (2,830,153 | ) | $ | 181,965,063 | $ | (3,059,577 | ) | |||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. government agencies | $ | 31,806,447 | $ | (1,508,155 | ) | $ | - | $ | - | $ | 31,806,447 | $ | (1,508,155 | ) | |||||||||||
U.S. government mortgage-backed securities | 71,326,568 | (1,479,321 | ) | 2,771,874 | (82,602 | ) | 74,098,442 | (1,561,923 | ) | ||||||||||||||||
State and political subdivisions | 99,974,091 | (3,028,851 | ) | 15,438,484 | (980,380 | ) | 115,412,575 | (4,009,231 | ) | ||||||||||||||||
Corporate bonds | 21,382,087 | (1,150,658 | ) | 8,798,047 | (1,040,743 | ) | 30,180,134 | (2,191,401 | ) | ||||||||||||||||
$ | 224,489,193 | $ | (7,166,985 | ) | $ | 27,008,405 | $ | (2,103,725 | ) | $ | 251,497,598 | $ | (9,270,710 | ) |
Note_7_Loan_Receivable_and_Cre1
Note 7 - Loan Receivable and Credit Disclosures (Tables) | 6 Months Ended | ||||||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Three Months Ended June 30, 2014 | |||||||||||||||||||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Agricultural | Consumer | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Real Estate | Commercial | Agricultural | and Other | Total | ||||||||||||||||||||||||||
Balance, March 31 2014 | $ | 440 | $ | 1,540 | $ | 3,199 | $ | 731 | $ | 1,405 | $ | 1,107 | $ | 146 | $ | 8,568 | |||||||||||||||||
Provision (credit) for loan losses | 74 | 63 | (55 | ) | (37 | ) | (24 | ) | (1 | ) | 16 | 36 | |||||||||||||||||||||
Recoveries of loans charged-off | - | 3 | - | - | 15 | - | 6 | 24 | |||||||||||||||||||||||||
Loans charged-off | - | (103 | ) | - | - | - | - | (8 | ) | (111 | ) | ||||||||||||||||||||||
Balance, June 30 2014 | $ | 514 | $ | 1,503 | $ | 3,144 | $ | 694 | $ | 1,396 | $ | 1,106 | $ | 160 | $ | 8,517 | |||||||||||||||||
Six Months Ended June 30 2014 | |||||||||||||||||||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Agricultural | Consumer | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Real Estate | Commercial | Agricultural | and Other | Total | ||||||||||||||||||||||||||
Balance, December 31, 2013 | $ | 392 | $ | 1,523 | $ | 3,230 | $ | 686 | $ | 1,435 | $ | 1,165 | $ | 141 | $ | 8,572 | |||||||||||||||||
Provision (credit) for loan losses | 122 | 81 | (86 | ) | 8 | (55 | ) | (59 | ) | 64 | 75 | ||||||||||||||||||||||
Recoveries of loans charged-off | - | 7 | - | - | 16 | - | 11 | 34 | |||||||||||||||||||||||||
Loans charged-off | - | (108 | ) | - | - | - | - | (56 | ) | (164 | ) | ||||||||||||||||||||||
Balance, June 30, 2014 | $ | 514 | $ | 1,503 | $ | 3,144 | $ | 694 | $ | 1,396 | $ | 1,106 | $ | 160 | $ | 8,517 | |||||||||||||||||
Three Months Ended June 30, 2013 | |||||||||||||||||||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Agricultural | Consumer | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Real Estate | Commercial | Agricultural | and Other | Total | ||||||||||||||||||||||||||
Balance, March 31, 2013 | $ | 326 | $ | 1,492 | $ | 3,075 | $ | 524 | $ | 1,305 | $ | 904 | $ | 160 | $ | 7,786 | |||||||||||||||||
Provision (credit) for loan losses | 6 | (13 | ) | (73 | ) | 67 | 37 | 17 | 19 | 60 | |||||||||||||||||||||||
Recoveries of loans charged-off | - | 17 | - | - | 1 | - | 4 | 22 | |||||||||||||||||||||||||
Loans charged-off | - | (40 | ) | - | - | - | - | (9 | ) | (49 | ) | ||||||||||||||||||||||
Balance, June 30, 2013 | $ | 332 | $ | 1,456 | $ | 3,002 | $ | 591 | $ | 1,343 | $ | 921 | $ | 174 | $ | 7,819 | |||||||||||||||||
Six Months Ended June 30, 2013 | |||||||||||||||||||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Agricultural | Consumer | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Real Estate | Commercial | Agricultural | and Other | Total | ||||||||||||||||||||||||||
Balance, December 31, 2012 | $ | 375 | $ | 1,433 | $ | 2,859 | $ | 523 | $ | 1,461 | $ | 945 | $ | 177 | $ | 7,773 | |||||||||||||||||
Provision (credit) for loan losses | (43 | ) | 48 | 143 | 68 | (120 | ) | (24 | ) | 2 | 74 | ||||||||||||||||||||||
Recoveries of loans charged-off | - | 38 | - | - | 2 | - | 8 | 48 | |||||||||||||||||||||||||
Loans charged-off | - | (63 | ) | - | - | - | - | (13 | ) | (76 | ) | ||||||||||||||||||||||
Balance, June 30, 2013 | $ | 332 | $ | 1,456 | $ | 3,002 | $ | 591 | $ | 1,343 | $ | 921 | $ | 174 | $ | 7,819 | |||||||||||||||||
Allowance for Loan Losses Disaggregated on Basis of Impairment Analysis Method [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Agricultural | Consumer | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Real Estate | Commercial | Agricultural | and Other | Total | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | - | $ | 62 | $ | 34 | $ | - | $ | 247 | $ | 4 | $ | 5 | $ | 352 | |||||||||||||||||
Collectively evaluated for impairment | 514 | 1,441 | 3,110 | 694 | 1,149 | 1,102 | 155 | 8,165 | |||||||||||||||||||||||||
Balance June 30, 2014 | $ | 514 | $ | 1,503 | $ | 3,144 | $ | 694 | $ | 1,396 | $ | 1,106 | $ | 160 | $ | 8,517 | |||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Agricultural | Consumer | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Real Estate | Commercial | Agricultural | and Other | Total | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | - | $ | 122 | $ | 20 | $ | - | $ | 330 | $ | 5 | $ | - | $ | 477 | |||||||||||||||||
Collectively evaluated for impairment | 392 | 1,401 | 3,210 | 686 | 1,105 | 1,160 | 141 | 8,095 | |||||||||||||||||||||||||
Balance December 31, 2013 | $ | 392 | $ | 1,523 | $ | 3,230 | $ | 686 | $ | 1,435 | $ | 1,165 | $ | 141 | $ | 8,572 | |||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Agricultural | Consumer | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Real Estate | Commercial | Agricultural | and Other | Total | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 425 | $ | 285 | $ | 202 | $ | - | $ | 371 | $ | 23 | $ | 13 | $ | 1,319 | |||||||||||||||||
Collectively evaluated for impairment | 30,416 | 115,402 | 186,104 | 53,110 | 88,903 | 70,047 | 13,259 | 557,241 | |||||||||||||||||||||||||
Balance June 30, 2014 | $ | 30,841 | $ | 115,687 | $ | 186,306 | $ | 53,110 | $ | 89,274 | $ | 70,070 | $ | 13,272 | $ | 558,560 | |||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Agricultural | Consumer | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Real Estate | Commercial | Agricultural | and Other | Total | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 510 | $ | 784 | $ | 526 | $ | - | $ | 816 | $ | 24 | $ | 61 | $ | 2,721 | |||||||||||||||||
Collectively evaluated for impairment | 23,418 | 107,506 | 205,585 | 53,834 | 86,007 | 81,302 | 12,734 | 570,386 | |||||||||||||||||||||||||
Balance December 31, 2013 | $ | 23,928 | $ | 108,290 | $ | 206,111 | $ | 53,834 | $ | 86,823 | $ | 81,326 | $ | 12,795 | $ | 573,107 | |||||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||
Unpaid | Unpaid | ||||||||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Principal | Related | ||||||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Balance | Allowance | ||||||||||||||||||||||||||||
With no specific reserve recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | $ | 425 | $ | 425 | $ | - | $ | 510 | $ | 510 | $ | - | |||||||||||||||||||||
Real estate - 1 to 4 family residential | 66 | 66 | - | 483 | 483 | - | |||||||||||||||||||||||||||
Real estate - commercial | 42 | 42 | - | 480 | 480 | - | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial | 33 | 33 | - | 43 | 43 | - | |||||||||||||||||||||||||||
Agricultural | 19 | 19 | - | 19 | 19 | - | |||||||||||||||||||||||||||
Consumer and other | 8 | 8 | - | 61 | 61 | - | |||||||||||||||||||||||||||
Total loans with no specific reserve: | 593 | 593 | - | 1,596 | 1,596 | - | |||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | - | - | - | - | - | - | |||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 219 | 219 | 62 | 301 | 301 | 122 | |||||||||||||||||||||||||||
Real estate - commercial | 160 | 160 | 34 | 46 | 46 | 20 | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial | 338 | 338 | 247 | 773 | 773 | 330 | |||||||||||||||||||||||||||
Agricultural | 4 | 4 | 4 | 5 | 5 | 5 | |||||||||||||||||||||||||||
Consumer and other | 5 | 5 | 5 | - | - | - | |||||||||||||||||||||||||||
Total loans with specific reserve: | 726 | 726 | 352 | 1,125 | 1,125 | 477 | |||||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||||||
Real estate - construction | 425 | 425 | - | 510 | 510 | - | |||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 285 | 285 | 62 | 784 | 784 | 122 | |||||||||||||||||||||||||||
Real estate - commercial | 202 | 202 | 34 | 526 | 526 | 20 | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial | 371 | 371 | 247 | 816 | 816 | 330 | |||||||||||||||||||||||||||
Agricultural | 23 | 23 | 4 | 24 | 24 | 5 | |||||||||||||||||||||||||||
Consumer and other | 13 | 13 | 5 | 61 | 61 | - | |||||||||||||||||||||||||||
$ | 1,319 | $ | 1,319 | $ | 352 | $ | 2,721 | $ | 2,721 | $ | 477 | ||||||||||||||||||||||
Average Investment in Impaired Loans and Interest Income Recognized [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Three Months Ended June 30, | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||||||
With no specific reserve recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | $ | 461 | $ | - | $ | 939 | $ | - | |||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 66 | - | 607 | - | |||||||||||||||||||||||||||||
Real estate - commercial | 43 | 177 | 1,440 | - | |||||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | |||||||||||||||||||||||||||||
Commercial | 38 | - | 65 | - | |||||||||||||||||||||||||||||
Agricultural | 19 | - | - | - | |||||||||||||||||||||||||||||
Consumer and other | 11 | - | 2 | - | |||||||||||||||||||||||||||||
Total loans with no specific reserve: | 638 | 177 | 3,053 | - | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | - | - | 410 | - | |||||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 308 | - | 419 | - | |||||||||||||||||||||||||||||
Real estate - commercial | 103 | - | 1,321 | - | |||||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | |||||||||||||||||||||||||||||
Commercial | 546 | 70 | 774 | - | |||||||||||||||||||||||||||||
Agricultural | 4 | - | 6 | - | |||||||||||||||||||||||||||||
Consumer and other | 3 | - | 1 | - | |||||||||||||||||||||||||||||
Total loans with specific reserve: | 964 | 70 | 2,931 | - | |||||||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||||||
Real estate - construction | 461 | - | 1,349 | - | |||||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 374 | - | 1,026 | - | |||||||||||||||||||||||||||||
Real estate - commercial | 146 | 177 | 2,761 | - | |||||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | |||||||||||||||||||||||||||||
Commercial | 584 | 70 | 839 | - | |||||||||||||||||||||||||||||
Agricultural | 23 | - | 6 | - | |||||||||||||||||||||||||||||
Consumer and other | 14 | - | 3 | - | |||||||||||||||||||||||||||||
$ | 1,602 | $ | 247 | $ | 5,984 | $ | - | ||||||||||||||||||||||||||
Six Months Ended June 30, | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||||||
With no specific reserve recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | $ | 477 | $ | - | $ | 979 | $ | - | |||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 205 | 5 | 623 | - | |||||||||||||||||||||||||||||
Real estate - commercial | 189 | 206 | 1,420 | 2 | |||||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | |||||||||||||||||||||||||||||
Commercial | 39 | - | 70 | - | |||||||||||||||||||||||||||||
Agricultural | 19 | - | - | - | |||||||||||||||||||||||||||||
Consumer and other | 28 | - | 3 | - | |||||||||||||||||||||||||||||
Total loans with no specific reserve: | 957 | 211 | 3,095 | 2 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | - | - | 417 | - | |||||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 305 | - | 434 | - | |||||||||||||||||||||||||||||
Real estate - commercial | 84 | - | 1,514 | - | |||||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | |||||||||||||||||||||||||||||
Commercial | 622 | 70 | 726 | - | |||||||||||||||||||||||||||||
Agricultural | 4 | - | 6 | - | |||||||||||||||||||||||||||||
Consumer and other | 2 | - | - | - | |||||||||||||||||||||||||||||
Total loans with specific reserve: | 1,017 | 70 | 3,097 | - | |||||||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||||||
Real estate - construction | 477 | - | 1,396 | - | |||||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 510 | 5 | 1,057 | - | |||||||||||||||||||||||||||||
Real estate - commercial | 273 | 206 | 2,934 | 2 | |||||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | |||||||||||||||||||||||||||||
Commercial | 661 | 70 | 796 | - | |||||||||||||||||||||||||||||
Agricultural | 23 | - | 6 | - | |||||||||||||||||||||||||||||
Consumer and other | 30 | - | 3 | - | |||||||||||||||||||||||||||||
$ | 1,974 | $ | 281 | $ | 6,192 | $ | 2 | ||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Three Months Ended June 30, | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | Pre-Modification | Post-Modification | ||||||||||||||||||||||||||||||
Outstanding | Outstanding | Outstanding | Outstanding | ||||||||||||||||||||||||||||||
Number of | Recorded | Recorded | Number of | Recorded | Recorded | ||||||||||||||||||||||||||||
Contracts | Investment | Investment | Contracts | Investment | Investment | ||||||||||||||||||||||||||||
Real estate - construction | - | $ | - | $ | - | - | $ | - | $ | - | |||||||||||||||||||||||
Real estate - 1 to 4 family residential | - | - | - | - | - | - | |||||||||||||||||||||||||||
Real estate - commercial | - | - | - | - | - | - | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial | - | - | - | 1 | 130 | 130 | |||||||||||||||||||||||||||
Agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | |||||||||||||||||||||||||||
- | $ | - | $ | - | 1 | $ | 130 | $ | 130 | ||||||||||||||||||||||||
Six Months Ended June 30, | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | Pre-Modification | Post-Modification | ||||||||||||||||||||||||||||||
Outstanding | Outstanding | Outstanding | Outstanding | ||||||||||||||||||||||||||||||
Number of | Recorded | Recorded | Number of | Recorded | Recorded | ||||||||||||||||||||||||||||
Contracts | Investment | Investment | Contracts | Investment | Investment | ||||||||||||||||||||||||||||
Real estate - construction | - | $ | - | $ | - | - | $ | - | $ | - | |||||||||||||||||||||||
Real estate - 1 to 4 family residential | - | - | - | - | - | - | |||||||||||||||||||||||||||
Real estate - commercial | 1 | 43 | 43 | - | - | - | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial | - | - | - | 1 | 130 | 130 | |||||||||||||||||||||||||||
Agricultural | 1 | 19 | 19 | - | - | - | |||||||||||||||||||||||||||
Consumer and other | 1 | 6 | 6 | - | - | - | |||||||||||||||||||||||||||
3 | $ | 68 | $ | 68 | 1 | $ | 130 | $ | 130 | ||||||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
90 Days | 90 Days | ||||||||||||||||||||||||||||||||
30-89 | or Greater | Total | or Greater | ||||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Current | Total | Accruing | ||||||||||||||||||||||||||||
Real estate - construction | $ | - | $ | - | $ | - | $ | 30,841 | $ | 30,841 | $ | - | |||||||||||||||||||||
Real estate - 1 to 4 family residential | 1,033 | 94 | 1,127 | 114,560 | 115,687 | - | |||||||||||||||||||||||||||
Real estate - commercial | - | 45 | 45 | 186,261 | 186,306 | - | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | 53,110 | 53,110 | - | |||||||||||||||||||||||||||
Commercial | 573 | 227 | 800 | 88,474 | 89,274 | - | |||||||||||||||||||||||||||
Agricultural | 80 | - | 80 | 69,990 | 70,070 | - | |||||||||||||||||||||||||||
Consumer and other | 41 | - | 41 | 13,231 | 13,272 | - | |||||||||||||||||||||||||||
$ | 1,727 | $ | 366 | $ | 2,093 | $ | 556,467 | $ | 558,560 | $ | - | ||||||||||||||||||||||
90 Days | 90 Days | ||||||||||||||||||||||||||||||||
30-89 | or Greater | Total | or Greater | ||||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Current | Total | Accruing | ||||||||||||||||||||||||||||
Real estate - construction | $ | - | $ | - | $ | - | $ | 23,928 | $ | 23,928 | $ | - | |||||||||||||||||||||
Real estate - 1 to 4 family residential | 1,059 | 4,000 | 5,059 | 103,231 | 108,290 | 27 | |||||||||||||||||||||||||||
Real estate - commercial | - | 46 | 46 | 206,065 | 206,111 | - | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | 53,834 | 53,834 | - | |||||||||||||||||||||||||||
Commercial | 88 | 375 | 463 | 86,360 | 86,823 | - | |||||||||||||||||||||||||||
Agricultural | - | - | - | 81,326 | 81,326 | - | |||||||||||||||||||||||||||
Consumer and other | 35 | - | 35 | 12,760 | 12,795 | - | |||||||||||||||||||||||||||
$ | 1,182 | $ | 4,421 | $ | 5,603 | $ | 567,504 | $ | 573,107 | $ | 27 | ||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Construction | Commercial | Agricultural | |||||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Commercial | Agricultural | Total | ||||||||||||||||||||||||||||
Pass | $ | 24,772 | $ | 155,444 | $ | 50,194 | $ | 77,265 | $ | 66,153 | $ | 373,828 | |||||||||||||||||||||
Watch | 2,750 | 20,385 | 2,804 | 10,416 | 3,638 | 39,993 | |||||||||||||||||||||||||||
Special Mention | - | 738 | - | 30 | 89 | 857 | |||||||||||||||||||||||||||
Substandard | 2,894 | 9,537 | 112 | 1,192 | 167 | 13,902 | |||||||||||||||||||||||||||
Substandard-Impaired | 425 | 202 | - | 371 | 23 | 1,021 | |||||||||||||||||||||||||||
$ | 30,841 | $ | 186,306 | $ | 53,110 | $ | 89,274 | $ | 70,070 | $ | 429,601 | ||||||||||||||||||||||
Construction | Commercial | Agricultural | |||||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Commercial | Agricultural | Total | ||||||||||||||||||||||||||||
Pass | $ | 16,887 | $ | 169,659 | $ | 51,486 | $ | 73,073 | $ | 78,476 | $ | 389,581 | |||||||||||||||||||||
Watch | 3,545 | 20,267 | 2,051 | 10,717 | 1,963 | 38,543 | |||||||||||||||||||||||||||
Special Mention | - | 798 | - | 796 | 9 | 1,603 | |||||||||||||||||||||||||||
Substandard | 2,986 | 14,862 | 297 | 1,421 | 854 | 20,420 | |||||||||||||||||||||||||||
Substandard-Impaired | 510 | 526 | - | 816 | 24 | 1,876 | |||||||||||||||||||||||||||
$ | 23,928 | $ | 206,112 | $ | 53,834 | $ | 86,823 | $ | 81,326 | $ | 452,023 | ||||||||||||||||||||||
Credit Risk Profile Based on Payment Activity on Disaggregated Basis [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Residential | Consumer | ||||||||||||||||||||||||||||||||
Real Estate | and Other | Total | |||||||||||||||||||||||||||||||
Performing | $ | 115,402 | $ | 13,259 | $ | 128,661 | |||||||||||||||||||||||||||
Non-performing | 285 | 13 | 298 | ||||||||||||||||||||||||||||||
$ | 115,687 | $ | 13,272 | $ | 128,959 | ||||||||||||||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Residential | Consumer | ||||||||||||||||||||||||||||||||
Real Estate | and Other | Total | |||||||||||||||||||||||||||||||
Performing | $ | 107,667 | $ | 12,740 | $ | 120,407 | |||||||||||||||||||||||||||
Non-performing | 623 | 55 | 678 | ||||||||||||||||||||||||||||||
$ | 108,290 | $ | 12,795 | $ | 121,085 |
Note_8_Other_Real_Estate_Owned1
Note 8 - Other Real Estate Owned (Tables) | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Other Real Estate, Roll Forward [Table Text Block] | ' | ||||||||
2014 | 2013 | ||||||||
Construction and land development | $ | 6,745,298 | $ | 6,750,503 | |||||
1 to 4 family residential real estate | 1,368,977 | 1,296,227 | |||||||
Commercial real estate | 814,377 | 814,377 | |||||||
$ | 8,928,652 | $ | 8,861,107 |
Note_10_Core_Deposit_Intangibl1
Note 10 - Core Deposit Intangible Asset (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||
Schedule of Finite-Lived Intangible Assets [Table Text Block] | ' | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Gross | Accumulated | Gross | Accumulated | ||||||||||||||
Amount | Amortization | Amount | Amortization | ||||||||||||||
Core deposit intangible asset | $ | 1,500,000 | $ | 597,184 | $ | 1,500,000 | $ | 470,436 | |||||||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | ' | ||||||||||||||||
2014 | $ | 117,252 | |||||||||||||||
2015 | 217,500 | ||||||||||||||||
2016 | 193,864 | ||||||||||||||||
2017 | 172,768 | ||||||||||||||||
2018 | 152,732 | ||||||||||||||||
2019 | 48,700 | ||||||||||||||||
$ | 902,816 |
Note_1_Significant_Accounting_1
Note 1 - Significant Accounting Policies (Details) (USD $) | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Goodwill, Impairment Loss | $0 |
Note_2_Dividends_Details
Note 2 - Dividends (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Dividends Disclosure [Abstract] | ' | ' | ' | ' |
Dividends Payable, Date Declared | ' | ' | 14-May-14 | ' |
Dividends Payable, Date to be Paid | ' | ' | 15-Aug-14 | ' |
Dividends Payable, Date of Record | ' | ' | 1-Aug-14 | ' |
Common Stock, Dividends, Per Share, Declared | $0.18 | $0.16 | $0.36 | $0.32 |
Note_3_Earnings_Per_Share_Deta
Note 3 - 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 Number of Shares Outstanding, Basic and Diluted | 9,310,913 | 9,310,913 | 9,310,913 | 9,310,913 |
Weighted Average Number Diluted Shares Outstanding Adjustment | 0 | 0 | 0 | 0 |
Note_5_Fair_Value_Measurements2
Note 5 - Fair Value Measurements (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Fair Value Disclosures [Abstract] | ' | ' |
Real Estate Owned, Valuation Allowance | $4,644,000 | $4,644,000 |
Note_5_Fair_Value_Measurements3
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
2014 | ' | ' |
Available For Sale Securities | $599,239,228 | $580,039,080 |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 959,000 | ' |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 959,000 | ' |
US Treasury Securities [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 958,516 | ' |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 94,934,000 | 61,178,000 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 94,934,000 | 61,178,000 |
US Government Agencies Debt Securities [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 94,933,764 | 61,177,791 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 148,579,000 | 155,142,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 148,579,000 | 155,142,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 148,579,266 | 155,141,956 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 301,209,000 | 315,224,000 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 301,209,000 | 315,224,000 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 301,208,806 | 315,224,133 |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 49,846,000 | 44,752,000 |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 49,846,000 | 44,752,000 |
Corporate Debt Securities [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 49,846,276 | 44,751,700 |
Equity Securities, Financial Industry Common Stock [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 788,000 | 841,000 |
Equity Securities, Financial Industry Common Stock [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 788,000 | 841,000 |
Equity Securities, Financial Industry Common Stock [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 788,400 | 840,900 |
Equity Securities, Other [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 2,924,000 | 2,902,000 |
Equity Securities, Other [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 2,924,000 | 2,902,000 |
Equity Securities, Other [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 2,924,200 | 2,902,600 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 1,747,000 | 841,000 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | 597,492,000 | 579,198,000 |
Fair Value, Measurements, Recurring [Member] | ' | ' |
2014 | ' | ' |
Available For Sale Securities | $599,239,000 | $580,039,000 |
Note_5_Fair_Value_Measurements4
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Nonrecurring Basis (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
2014 | ' | ' |
Loans receivable | $374,000 | $648,000 |
Other real estate owned | 8,929,000 | 8,861,000 |
Total | 9,303,000 | 9,509,000 |
Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
2014 | ' | ' |
Loans receivable | 374,000 | 648,000 |
Other real estate owned | 8,929,000 | 8,861,000 |
Total | 9,303,000 | 9,509,000 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
2014 | ' | ' |
Loans receivable | $549,972,000 | $562,073,000 |
Note_5_Fair_Value_Measurements5
Note 5 - Fair Value Measurements (Details) - Fair Value Quantitative Information (Fair Value, Inputs, Level 3 [Member], USD $) | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2014 | Dec. 31, 2013 | |||
Evaluation Of Collateral [Member] | Impaired Loan [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Assets Fair Value Disclosure (in Dollars) | 374,000 | 648,000 | ||
Evaluation Of Collateral [Member] | Minimum [Member] | Impaired Loan [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Fair Value Inputs | ' | [1] | ' | [1] |
Appraisal Valuation [Member] | Other Real Estate Owned [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Assets Fair Value Disclosure (in Dollars) | 8,929,000 | 8,861,000 | ||
Appraisal Valuation [Member] | Minimum [Member] | Other Real Estate Owned [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Fair Value Inputs | 6.00% | 6.00% | ||
Appraisal Valuation [Member] | Maximum [Member] | Other Real Estate Owned [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Fair Value Inputs | 10.00% | 10.00% | ||
Appraisal Valuation [Member] | Weighted Average [Member] | Other Real Estate Owned [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Fair Value Inputs | -8.00% | -8.00% | ||
[1] | Not Meaningful. Evaluations of the underlying assets are completed for each impaired loan with a specific reserve. The types of collateral vary widely and could include accounts receivables, inventory, a variety of equipment and real estate. Collateral evaluations are reviewed and discounted as appropriate based on knowledge of the specific type of collateral. In the case of real estate, an independent appraisal may be obtained. Types of discounts considered included aging of receivables, condition of the collateral, potential market for the collateral and estimated disposal costs. These discounts will vary from loan to loan, thus providing a range would not be meaningful. |
Note_5_Fair_Value_Measurements6
Note 5 - Fair Value Measurements (Details) - Estimated Fair Values of Financial Instruments (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and due from banks | $23,718,424 | $24,270,031 |
Interest bearing deposits | 26,426,762 | 23,628,117 |
Securities available-for-sale | 599,239,228 | 580,039,080 |
Loans receivable, net | 549,980,394 | 564,501,547 |
Loans held for sale | 697,145 | 295,618 |
Accrued income receivable | 7,186,788 | 7,437,673 |
Deposits | 982,570,399 | 1,011,803,178 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and due from banks | 23,718,424 | 24,270,031 |
Cash and due from banks | 23,718,000 | 24,270,000 |
Interest bearing deposits | 26,426,762 | 23,628,117 |
Interest bearing deposits | 26,427,000 | 23,628,000 |
Accrued income receivable | 7,186,788 | 7,437,673 |
Accrued income receivable | 7,187,000 | 7,438,000 |
Securities sold under agreements to repurchase | 61,151,643 | 39,616,644 |
Securities sold under agreements to repurchase | 61,152,000 | 39,617,000 |
Accrued interest payable | 538,201 | 594,223 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Loans receivable, net | 549,980,394 | 564,501,547 |
Loans receivable, net | 549,972,000 | 562,073,000 |
Loans held for sale | 697,145 | 295,618 |
Loans held for sale | 697,000 | 296,000 |
Deposits | 982,570,399 | 1,011,803,178 |
Deposits | 984,720,000 | 1,014,150,000 |
FHLB advances | 14,504,421 | 14,540,526 |
FHLB advances | 15,336,000 | 15,441,000 |
Other borrowings | 20,000,000 | 20,000,000 |
Other borrowings | $21,574,000 | $22,033,000 |
Note_6_Debt_and_Equity_Securit2
Note 6 - Debt and Equity Securities (Details) (USD $) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2014 | Dec. 31, 2013 | |
Investments, Debt and Equity Securities [Abstract] | ' | ' |
Available-for-sale Securities, Gross Unrealized Loss | $3,059,577 | $9,270,710 |
Note_6_Debt_and_Equity_Securit3
Note 6 - Debt and Equity Securities (Details) - Amortized Cost and Fair Value of Securities Available-for-sale (USD $) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2014 | Dec. 31, 2013 | |
Note 6 - Debt and Equity Securities (Details) - Amortized Cost and Fair Value of Securities Available-for-sale [Line Items] | ' | ' |
Available For Sale Securities - Amortized Cost | $590,285,566 | $579,322,997 |
Available For Sale Securities - Gross Unrealized Gains | 12,013,239 | 9,986,793 |
Available For Sale Securities - Gross Unrealize Losses | -3,059,577 | -9,270,710 |
Available For Sale Securities - Fair Value | 599,239,228 | 580,039,080 |
US Treasury Securities [Member] | ' | ' |
Note 6 - Debt and Equity Securities (Details) - Amortized Cost and Fair Value of Securities Available-for-sale [Line Items] | ' | ' |
Available For Sale Securities - Amortized Cost | 948,899 | ' |
Available For Sale Securities - Gross Unrealized Gains | 9,617 | ' |
Available For Sale Securities - Fair Value | 958,516 | ' |
US Government Agencies Debt Securities [Member] | ' | ' |
Note 6 - Debt and Equity Securities (Details) - Amortized Cost and Fair Value of Securities Available-for-sale [Line Items] | ' | ' |
Available For Sale Securities - Amortized Cost | 94,351,719 | 61,569,302 |
Available For Sale Securities - Gross Unrealized Gains | 1,269,063 | 1,116,644 |
Available For Sale Securities - Gross Unrealize Losses | -687,018 | -1,508,155 |
Available For Sale Securities - Fair Value | 94,933,764 | 61,177,791 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
Note 6 - Debt and Equity Securities (Details) - Amortized Cost and Fair Value of Securities Available-for-sale [Line Items] | ' | ' |
Available For Sale Securities - Amortized Cost | 145,402,327 | 153,857,058 |
Available For Sale Securities - Gross Unrealized Gains | 3,562,782 | 2,846,821 |
Available For Sale Securities - Gross Unrealize Losses | -385,843 | -1,561,923 |
Available For Sale Securities - Fair Value | 148,579,266 | 155,141,956 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Note 6 - Debt and Equity Securities (Details) - Amortized Cost and Fair Value of Securities Available-for-sale [Line Items] | ' | ' |
Available For Sale Securities - Amortized Cost | 295,942,426 | 314,177,458 |
Available For Sale Securities - Gross Unrealized Gains | 6,268,608 | 5,055,906 |
Available For Sale Securities - Gross Unrealize Losses | -1,002,228 | -4,009,231 |
Available For Sale Securities - Fair Value | 301,208,806 | 315,224,133 |
Corporate Debt Securities [Member] | ' | ' |
Note 6 - Debt and Equity Securities (Details) - Amortized Cost and Fair Value of Securities Available-for-sale [Line Items] | ' | ' |
Available For Sale Securities - Amortized Cost | 50,086,295 | 46,186,879 |
Available For Sale Securities - Gross Unrealized Gains | 744,469 | 756,222 |
Available For Sale Securities - Gross Unrealize Losses | -984,488 | -2,191,401 |
Available For Sale Securities - Fair Value | 49,846,276 | 44,751,700 |
Equity Securities, Financial Industry Common Stock [Member] | ' | ' |
Note 6 - Debt and Equity Securities (Details) - Amortized Cost and Fair Value of Securities Available-for-sale [Line Items] | ' | ' |
Available For Sale Securities - Amortized Cost | 629,700 | 629,700 |
Available For Sale Securities - Gross Unrealized Gains | 158,700 | 211,200 |
Available For Sale Securities - Fair Value | 788,400 | 840,900 |
Equity Securities, Other [Member] | ' | ' |
Note 6 - Debt and Equity Securities (Details) - Amortized Cost and Fair Value of Securities Available-for-sale [Line Items] | ' | ' |
Available For Sale Securities - Amortized Cost | 2,924,200 | 2,902,600 |
Available For Sale Securities - Fair Value | $2,924,200 | $2,902,600 |
Note_6_Debt_and_Equity_Securit4
Note 6 - Debt and Equity Securities (Details) - Realized Gain (Loss) from Securities Available-for-sale (USD $) | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Realized Gain (Loss) from Securities Available-for-sale [Abstract] | ' | ' | ' |
Proceeds from sales of securities available-for-sale | $13,916,614 | $3,478,851 | $15,618,009 |
Gross realized gains on securities available-for-sale | 364,251 | 135,081 | 434,753 |
Gross realized losses on securities available-for-sale | 1 | ' | 1,512 |
Tax provision applicable to net realized gains on securities available-for-sale | $136,000 | $50,000 | $162,000 |
Note_6_Debt_and_Equity_Securit5
Note 6 - Debt and Equity Securities (Details) - Securities Available-for-sale Continuous Unrealized Loss Position (USD $) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2014 | Dec. 31, 2013 | |
Note 6 - Debt and Equity Securities (Details) - Securities Available-for-sale Continuous Unrealized Loss Position [Line Items] | ' | ' |
Fair Value, Less than 12 Months | $52,788,019 | $224,489,193 |
Unrealized Losses, Less than 12 Months | -229,424 | -7,166,985 |
Fair Value, 12 Months or More | 129,177,044 | 27,008,405 |
Unrealized Losses, 12 Months or More | -2,830,153 | -2,103,725 |
Fair Value, Total | 181,965,063 | 251,497,598 |
Unrealized Losses, Total | -3,059,577 | -9,270,710 |
US Government Agencies Debt Securities [Member] | ' | ' |
Note 6 - Debt and Equity Securities (Details) - Securities Available-for-sale Continuous Unrealized Loss Position [Line Items] | ' | ' |
Fair Value, Less than 12 Months | 18,400,184 | 31,806,447 |
Unrealized Losses, Less than 12 Months | -62,881 | -1,508,155 |
Fair Value, 12 Months or More | 17,384,728 | ' |
Unrealized Losses, 12 Months or More | -624,137 | ' |
Fair Value, Total | 35,784,912 | 31,806,447 |
Unrealized Losses, Total | -687,018 | -1,508,155 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
Note 6 - Debt and Equity Securities (Details) - Securities Available-for-sale Continuous Unrealized Loss Position [Line Items] | ' | ' |
Fair Value, Less than 12 Months | 7,162,161 | 71,326,568 |
Unrealized Losses, Less than 12 Months | -37,358 | -1,479,321 |
Fair Value, 12 Months or More | 31,556,783 | 2,771,874 |
Unrealized Losses, 12 Months or More | -348,485 | -82,602 |
Fair Value, Total | 38,718,944 | 74,098,442 |
Unrealized Losses, Total | -385,843 | -1,561,923 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Note 6 - Debt and Equity Securities (Details) - Securities Available-for-sale Continuous Unrealized Loss Position [Line Items] | ' | ' |
Fair Value, Less than 12 Months | 24,182,013 | 99,974,091 |
Unrealized Losses, Less than 12 Months | -106,993 | -3,028,851 |
Fair Value, 12 Months or More | 52,699,767 | 15,438,484 |
Unrealized Losses, 12 Months or More | -895,235 | -980,380 |
Fair Value, Total | 76,881,780 | 115,412,575 |
Unrealized Losses, Total | -1,002,228 | -4,009,231 |
Corporate Debt Securities [Member] | ' | ' |
Note 6 - Debt and Equity Securities (Details) - Securities Available-for-sale Continuous Unrealized Loss Position [Line Items] | ' | ' |
Fair Value, Less than 12 Months | 3,043,661 | 21,382,087 |
Unrealized Losses, Less than 12 Months | -22,192 | -1,150,658 |
Fair Value, 12 Months or More | 27,535,766 | 8,798,047 |
Unrealized Losses, 12 Months or More | -962,296 | -1,040,743 |
Fair Value, Total | 30,579,427 | 30,180,134 |
Unrealized Losses, Total | ($984,488) | ($2,191,401) |
Note_7_Loan_Receivable_and_Cre2
Note 7 - Loan Receivable and Credit Disclosures (Details) (USD $) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Note 7 - Loan Receivable and Credit Disclosures (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | ' | ' | $25,000 | $81,000 | $61,000 | $166,000 | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 733,000 | ' | 733,000 | ' | 733,000 | ' | 733,000 | ' | 1,424,000 |
Number Of Restructured Loans Granting Concessions | ' | ' | ' | 1 | ' | ' | ' | ' | ' |
Troubled Debt Restructuring Loan Payment Default Period | ' | ' | ' | ' | '60 days | ' | ' | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | ' | ' | ' | ' | ' | ' | 1 | 2 | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 94,000 | 138,000 | ' | ' | ' | ' | ' | ' | ' |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | ' | ' | ' | ' | 44,000 | 0 | ' | ' | ' |
Impaired Loan [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 7 - Loan Receivable and Credit Disclosures (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | ' | ' | ' | ' | ' | ' | ' | ' | 1,237,000 |
Accrual Loan [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 7 - Loan Receivable and Credit Disclosures (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | ' | ' | ' | ' | ' | ' | ' | ' | 187,000 |
Troubled Debt Restructuring [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 7 - Loan Receivable and Credit Disclosures (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses, Period Increase (Decrease) | ' | ' | ' | ' | ($100,000) | ' | ' | ' | ' |
Note_7_Loan_Receivable_and_Cre3
Note 7 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Beginning Balance | $8,568 | $7,786 | $8,572 | $7,773 |
Ending Balance | 8,517 | 7,819 | 8,517 | 7,819 |
Provision (credit) for loan losses | 36 | 60 | 75 | 74 |
Recoveries of loans charged-off | 24 | 22 | 34 | 48 |
Loans charged-off | -111 | -49 | -164 | -76 |
Construction Real Estate [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Beginning Balance | 440 | 326 | 392 | 375 |
Ending Balance | 514 | 332 | 514 | 332 |
Provision (credit) for loan losses | 74 | 6 | 122 | -43 |
1-4 Family Residential Real Estate [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Beginning Balance | 1,540 | 1,492 | 1,523 | 1,433 |
Ending Balance | 1,503 | 1,456 | 1,503 | 1,456 |
Provision (credit) for loan losses | 63 | -13 | 81 | 48 |
Recoveries of loans charged-off | 3 | 17 | 7 | 38 |
Loans charged-off | -103 | -40 | -108 | -63 |
Commercial Real Estate [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Beginning Balance | 3,199 | 3,075 | 3,230 | 2,859 |
Ending Balance | 3,144 | 3,002 | 3,144 | 3,002 |
Provision (credit) for loan losses | -55 | -73 | -86 | 143 |
Agriculture Real Estate [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Beginning Balance | 731 | 524 | 686 | 523 |
Ending Balance | 694 | 591 | 694 | 591 |
Provision (credit) for loan losses | -37 | 67 | 8 | 68 |
Commercial [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Beginning Balance | 1,405 | 1,305 | 1,435 | 1,461 |
Ending Balance | 1,396 | 1,343 | 1,396 | 1,343 |
Provision (credit) for loan losses | -24 | 37 | -55 | -120 |
Recoveries of loans charged-off | 15 | 1 | 16 | 2 |
Agriculture [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Beginning Balance | 1,107 | 904 | 1,165 | 945 |
Ending Balance | 1,106 | 921 | 1,106 | 921 |
Provision (credit) for loan losses | -1 | 17 | -59 | -24 |
Consumer and Other [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Beginning Balance | 146 | 160 | 141 | 177 |
Ending Balance | 160 | 174 | 160 | 174 |
Provision (credit) for loan losses | 16 | 19 | 64 | 2 |
Recoveries of loans charged-off | 6 | 4 | 11 | 8 |
Loans charged-off | ($8) | ($9) | ($56) | ($13) |
Note_7_Loan_Receivable_and_Cre4
Note 7 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses Impairment Analysis (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 7 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses Impairment Analysis [Line Items] | ' | ' |
Individually evaluated for impairment | $352 | $477 |
Collectively evaluated for impairment | 8,165 | 8,095 |
Balance | 8,517 | 8,572 |
Construction Real Estate [Member] | ' | ' |
Note 7 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses Impairment Analysis [Line Items] | ' | ' |
Collectively evaluated for impairment | 514 | 392 |
Balance | 514 | 392 |
1-4 Family Residential Real Estate [Member] | ' | ' |
Note 7 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses Impairment Analysis [Line Items] | ' | ' |
Individually evaluated for impairment | 62 | 122 |
Collectively evaluated for impairment | 1,441 | 1,401 |
Balance | 1,503 | 1,523 |
Commercial Real Estate [Member] | ' | ' |
Note 7 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses Impairment Analysis [Line Items] | ' | ' |
Individually evaluated for impairment | 34 | 20 |
Collectively evaluated for impairment | 3,110 | 3,210 |
Balance | 3,144 | 3,230 |
Agriculture Real Estate [Member] | ' | ' |
Note 7 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses Impairment Analysis [Line Items] | ' | ' |
Collectively evaluated for impairment | 694 | 686 |
Balance | 694 | 686 |
Commercial [Member] | ' | ' |
Note 7 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses Impairment Analysis [Line Items] | ' | ' |
Individually evaluated for impairment | 247 | 330 |
Collectively evaluated for impairment | 1,149 | 1,105 |
Balance | 1,396 | 1,435 |
Agriculture [Member] | ' | ' |
Note 7 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses Impairment Analysis [Line Items] | ' | ' |
Individually evaluated for impairment | 4 | 5 |
Collectively evaluated for impairment | 1,102 | 1,160 |
Balance | 1,106 | 1,165 |
Consumer and Other [Member] | ' | ' |
Note 7 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses Impairment Analysis [Line Items] | ' | ' |
Individually evaluated for impairment | 5 | ' |
Collectively evaluated for impairment | 155 | 141 |
Balance | $160 | $141 |
Note_7_Loan_Receivable_and_Cre5
Note 7 - Loan Receivable and Credit Disclosures (Details) - Loans Receivable Impairment Analysis (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Individually evaluated for impairment | $1,319 | $2,721 |
Collectively evaluated for impairment | 557,241 | 570,386 |
Balance | 558,560 | 573,107 |
Construction Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Individually evaluated for impairment | 425 | 510 |
Collectively evaluated for impairment | 30,416 | 23,418 |
Balance | 30,841 | 23,928 |
1-4 Family Residential Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Individually evaluated for impairment | 285 | 784 |
Collectively evaluated for impairment | 115,402 | 107,506 |
Balance | 115,687 | 108,290 |
Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Individually evaluated for impairment | 202 | 526 |
Collectively evaluated for impairment | 186,104 | 205,585 |
Balance | 186,306 | 206,111 |
Agriculture Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Collectively evaluated for impairment | 53,110 | 53,834 |
Balance | 53,110 | 53,834 |
Commercial [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Individually evaluated for impairment | 371 | 816 |
Collectively evaluated for impairment | 88,903 | 86,007 |
Balance | 89,274 | 86,823 |
Agriculture [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Individually evaluated for impairment | 23 | 24 |
Collectively evaluated for impairment | 70,047 | 81,302 |
Balance | 70,070 | 81,326 |
Consumer and Other [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Individually evaluated for impairment | 13 | 61 |
Collectively evaluated for impairment | 13,259 | 12,734 |
Balance | $13,272 | $12,795 |
Note_7_Loan_Receivable_and_Cre6
Note 7 - Loan Receivable and Credit Disclosures (Details) - Impaired Loans (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, With no related allowance | $593 | $1,596 |
Unpaid Principal Balance, With no related allowance | 593 | 1,596 |
Recorded Investment, With related allowance | 726 | 1,125 |
Unpaid Principal Balance, With related allowance | 726 | 1,125 |
Related Allowance | 352 | 477 |
Recorded Investment | 1,319 | 2,721 |
Unpaid Principal Balance | 1,319 | 2,721 |
Construction Real Estate [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, With no related allowance | 425 | 510 |
Unpaid Principal Balance, With no related allowance | 425 | 510 |
Recorded Investment | 425 | 510 |
Unpaid Principal Balance | 425 | 510 |
1-4 Family Residential Real Estate [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, With no related allowance | 66 | 483 |
Unpaid Principal Balance, With no related allowance | 66 | 483 |
Recorded Investment, With related allowance | 219 | 301 |
Unpaid Principal Balance, With related allowance | 219 | 301 |
Related Allowance | 62 | 122 |
Recorded Investment | 285 | 784 |
Unpaid Principal Balance | 285 | 784 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, With no related allowance | 42 | 480 |
Unpaid Principal Balance, With no related allowance | 42 | 480 |
Recorded Investment, With related allowance | 160 | 46 |
Unpaid Principal Balance, With related allowance | 160 | 46 |
Related Allowance | 34 | 20 |
Recorded Investment | 202 | 526 |
Unpaid Principal Balance | 202 | 526 |
Commercial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, With no related allowance | 33 | 43 |
Unpaid Principal Balance, With no related allowance | 33 | 43 |
Recorded Investment, With related allowance | 338 | 773 |
Unpaid Principal Balance, With related allowance | 338 | 773 |
Related Allowance | 247 | 330 |
Recorded Investment | 371 | 816 |
Unpaid Principal Balance | 371 | 816 |
Agriculture [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, With no related allowance | 19 | 19 |
Unpaid Principal Balance, With no related allowance | 19 | 19 |
Recorded Investment, With related allowance | 4 | 5 |
Unpaid Principal Balance, With related allowance | 4 | 5 |
Related Allowance | 4 | 5 |
Recorded Investment | 23 | 24 |
Unpaid Principal Balance | 23 | 24 |
Consumer and Other [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, With no related allowance | 8 | 61 |
Unpaid Principal Balance, With no related allowance | 8 | 61 |
Recorded Investment, With related allowance | 5 | ' |
Unpaid Principal Balance, With related allowance | 5 | ' |
Related Allowance | 5 | ' |
Recorded Investment | 13 | 61 |
Unpaid Principal Balance | $13 | $61 |
Note_7_Loan_Receivable_and_Cre7
Note 7 - Loan Receivable and Credit Disclosures (Details) - Average Recorded Investment and Interest Income Recognized on Impaired Loans (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
With no specific reserve recorded: | ' | ' | ' | ' |
No Related Allowance - Average Recorded Investment | $638 | $3,053 | $957 | $3,095 |
No Related Allowance - Interest Income Recognized | 177 | ' | 211 | 2 |
With an allowance recorded: | ' | ' | ' | ' |
With Related Allowance - Average Recorded Investment | 964 | 2,931 | 1,017 | 3,097 |
With Related Allowance - Interest Income Recognized | 70 | ' | 70 | ' |
Total | ' | ' | ' | ' |
Average Recorded Investment | 1,602 | 5,984 | 1,974 | 6,192 |
Interest Income Recognized | 247 | ' | 281 | 2 |
Construction Real Estate [Member] | ' | ' | ' | ' |
With no specific reserve recorded: | ' | ' | ' | ' |
No Related Allowance - Average Recorded Investment | 461 | 939 | 477 | 979 |
With an allowance recorded: | ' | ' | ' | ' |
With Related Allowance - Average Recorded Investment | ' | 410 | ' | 417 |
Total | ' | ' | ' | ' |
Average Recorded Investment | 461 | 1,349 | 477 | 1,396 |
1-4 Family Residential Real Estate [Member] | ' | ' | ' | ' |
With no specific reserve recorded: | ' | ' | ' | ' |
No Related Allowance - Average Recorded Investment | 66 | 607 | 205 | 623 |
No Related Allowance - Interest Income Recognized | ' | ' | 5 | ' |
With an allowance recorded: | ' | ' | ' | ' |
With Related Allowance - Average Recorded Investment | 308 | 419 | 305 | 434 |
Total | ' | ' | ' | ' |
Average Recorded Investment | 374 | 1,026 | 510 | 1,057 |
Interest Income Recognized | ' | ' | 5 | ' |
Commercial Real Estate [Member] | ' | ' | ' | ' |
With no specific reserve recorded: | ' | ' | ' | ' |
No Related Allowance - Average Recorded Investment | 43 | 1,440 | 189 | 1,420 |
No Related Allowance - Interest Income Recognized | 177 | ' | 206 | 2 |
With an allowance recorded: | ' | ' | ' | ' |
With Related Allowance - Average Recorded Investment | 103 | 1,321 | 84 | 1,514 |
Total | ' | ' | ' | ' |
Average Recorded Investment | 146 | 2,761 | 273 | 2,934 |
Interest Income Recognized | 177 | ' | 206 | 2 |
Commercial [Member] | ' | ' | ' | ' |
With no specific reserve recorded: | ' | ' | ' | ' |
No Related Allowance - Average Recorded Investment | 38 | 65 | 39 | 70 |
With an allowance recorded: | ' | ' | ' | ' |
With Related Allowance - Average Recorded Investment | 546 | 774 | 622 | 726 |
With Related Allowance - Interest Income Recognized | 70 | ' | 70 | ' |
Total | ' | ' | ' | ' |
Average Recorded Investment | 584 | 839 | 661 | 796 |
Interest Income Recognized | 70 | ' | 70 | ' |
Agriculture [Member] | ' | ' | ' | ' |
With no specific reserve recorded: | ' | ' | ' | ' |
No Related Allowance - Average Recorded Investment | 19 | ' | 19 | ' |
With an allowance recorded: | ' | ' | ' | ' |
With Related Allowance - Average Recorded Investment | 4 | 6 | 4 | 6 |
Total | ' | ' | ' | ' |
Average Recorded Investment | 23 | 6 | 23 | 6 |
Consumer and Other [Member] | ' | ' | ' | ' |
With no specific reserve recorded: | ' | ' | ' | ' |
No Related Allowance - Average Recorded Investment | 11 | 2 | 28 | 3 |
With an allowance recorded: | ' | ' | ' | ' |
With Related Allowance - Average Recorded Investment | 3 | 1 | 2 | ' |
Total | ' | ' | ' | ' |
Average Recorded Investment | $14 | $3 | $30 | $3 |
Note_7_Loan_Receivable_and_Cre8
Note 7 - Loan Receivable and Credit Disclosures (Details) - Troubled Debt Restructurings (USD $) | 3 Months Ended | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | 1 | 3 | 1 |
Pre-Modification Outstanding Recorded Investment | $130 | $68 | $130 |
Post-Modification Outstanding Recorded Investment | 130 | 68 | 130 |
Commercial Real Estate [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | ' | 1 | ' |
Pre-Modification Outstanding Recorded Investment | ' | 43 | ' |
Post-Modification Outstanding Recorded Investment | ' | 43 | ' |
Commercial [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | 1 | ' | 1 |
Pre-Modification Outstanding Recorded Investment | 130 | ' | 130 |
Post-Modification Outstanding Recorded Investment | 130 | ' | 130 |
Agriculture [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | ' | 1 | ' |
Pre-Modification Outstanding Recorded Investment | ' | 19 | ' |
Post-Modification Outstanding Recorded Investment | ' | 19 | ' |
Consumer and Other [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of Contracts | ' | 1 | ' |
Pre-Modification Outstanding Recorded Investment | ' | 6 | ' |
Post-Modification Outstanding Recorded Investment | ' | $6 | ' |
Note_7_Loan_Receivable_and_Cre9
Note 7 - Loan Receivable and Credit Disclosures (Details) - Past Due Loans (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 Past Due | $1,727 | $1,182 |
90 Days or Greater Past Due | 366 | 4,421 |
Total Past Due | 2,093 | 5,603 |
Current | 556,467 | 567,504 |
Total | 558,560 | 573,107 |
90 Days or Greater Accruing | ' | 27 |
Construction Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 30,841 | 23,928 |
Total | 30,841 | 23,928 |
1-4 Family Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 Past Due | 1,033 | 1,059 |
90 Days or Greater Past Due | 94 | 4,000 |
Total Past Due | 1,127 | 5,059 |
Current | 114,560 | 103,231 |
Total | 115,687 | 108,290 |
90 Days or Greater Accruing | ' | 27 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
90 Days or Greater Past Due | 45 | 46 |
Total Past Due | 45 | 46 |
Current | 186,261 | 206,065 |
Total | 186,306 | 206,111 |
Agriculture Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 53,110 | 53,834 |
Total | 53,110 | 53,834 |
Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 Past Due | 573 | 88 |
90 Days or Greater Past Due | 227 | 375 |
Total Past Due | 800 | 463 |
Current | 88,474 | 86,360 |
Total | 89,274 | 86,823 |
Agriculture [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 Past Due | 80 | ' |
Total Past Due | 80 | ' |
Current | 69,990 | 81,326 |
Total | 70,070 | 81,326 |
Consumer and Other [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 Past Due | 41 | 35 |
Total Past Due | 41 | 35 |
Current | 13,231 | 12,760 |
Total | $13,272 | $12,795 |
Recovered_Sheet1
Note 7 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile by Internally Assigned Grade (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | $429,601 | $452,023 |
Construction Real Estate [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 24,772 | 16,887 |
Construction Real Estate [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 2,750 | 3,545 |
Construction Real Estate [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 2,894 | 2,986 |
Construction Real Estate [Member] | Substandard Impaired [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 425 | 510 |
Construction Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 30,841 | 23,928 |
Commercial Real Estate [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 155,444 | 169,659 |
Commercial Real Estate [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 20,385 | 20,267 |
Commercial Real Estate [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 738 | 798 |
Commercial Real Estate [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 9,537 | 14,862 |
Commercial Real Estate [Member] | Substandard Impaired [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 202 | 526 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 186,306 | 206,112 |
Agriculture Real Estate [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 50,194 | 51,486 |
Agriculture Real Estate [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 2,804 | 2,051 |
Agriculture Real Estate [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 112 | 297 |
Agriculture Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 53,110 | 53,834 |
Commercial [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 77,265 | 73,073 |
Commercial [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 10,416 | 10,717 |
Commercial [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 30 | 796 |
Commercial [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 1,192 | 1,421 |
Commercial [Member] | Substandard Impaired [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 371 | 816 |
Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 89,274 | 86,823 |
Agriculture [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 66,153 | 78,476 |
Agriculture [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 3,638 | 1,963 |
Agriculture [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 89 | 9 |
Agriculture [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 167 | 854 |
Agriculture [Member] | Substandard Impaired [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 23 | 24 |
Agriculture [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 70,070 | 81,326 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 373,828 | 389,581 |
Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 39,993 | 38,543 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 857 | 1,603 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | 13,902 | 20,420 |
Substandard Impaired [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan and lease receivable other than consumer and residential | $1,021 | $1,876 |
Recovered_Sheet2
Note 7 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Note 7 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity [Line Items] | ' | ' |
Loan and lease receivable consumer and residential | $128,959 | $121,085 |
1-4 Family Residential Real Estate [Member] | Performing Financing Receivable [Member] | ' | ' |
Note 7 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity [Line Items] | ' | ' |
Loan and lease receivable consumer and residential | 115,402 | 107,667 |
1-4 Family Residential Real Estate [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 7 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity [Line Items] | ' | ' |
Loan and lease receivable consumer and residential | 285 | 623 |
1-4 Family Residential Real Estate [Member] | ' | ' |
Note 7 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity [Line Items] | ' | ' |
Loan and lease receivable consumer and residential | 115,687 | 108,290 |
Consumer and Other [Member] | Performing Financing Receivable [Member] | ' | ' |
Note 7 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity [Line Items] | ' | ' |
Loan and lease receivable consumer and residential | 13,259 | 12,740 |
Consumer and Other [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 7 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity [Line Items] | ' | ' |
Loan and lease receivable consumer and residential | 13 | 55 |
Consumer and Other [Member] | ' | ' |
Note 7 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity [Line Items] | ' | ' |
Loan and lease receivable consumer and residential | 13,272 | 12,795 |
Performing Financing Receivable [Member] | ' | ' |
Note 7 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity [Line Items] | ' | ' |
Loan and lease receivable consumer and residential | 128,661 | 120,407 |
Nonperforming Financing Receivable [Member] | ' | ' |
Note 7 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity [Line Items] | ' | ' |
Loan and lease receivable consumer and residential | $298 | $678 |
Note_8_Other_Real_Estate_Owned2
Note 8 - Other Real Estate Owned (Details) - Components of Other Real Estate Owned (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Note 8 - Other Real Estate Owned (Details) - Components of Other Real Estate Owned [Line Items] | ' | ' |
Other Real Estate Owned | $8,928,652 | $8,861,107 |
Construction And Land Development [Member] | ' | ' |
Note 8 - Other Real Estate Owned (Details) - Components of Other Real Estate Owned [Line Items] | ' | ' |
Other Real Estate Owned | 6,745,298 | 6,750,503 |
One to Four Family Residential Real Estate [Member] | ' | ' |
Note 8 - Other Real Estate Owned (Details) - Components of Other Real Estate Owned [Line Items] | ' | ' |
Other Real Estate Owned | 1,368,977 | 1,296,227 |
Real Estate: Commercial [Member] | ' | ' |
Note 8 - Other Real Estate Owned (Details) - Components of Other Real Estate Owned [Line Items] | ' | ' |
Other Real Estate Owned | $814,377 | $814,377 |
Note_9_Goodwill_Details
Note 9 - Goodwill (Details) | 6 Months Ended |
Jun. 30, 2014 | |
Disclosure Text Block Supplement [Abstract] | ' |
Finite Tax Lived Intangible Asset Usefule Life | '15 years |
Note_10_Core_Deposit_Intangibl2
Note 10 - Core Deposit Intangible Asset (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | |
Disclosure Text Block [Abstract] | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets, Gross | $1,500,000 | ' | $1,500,000 | ' | $1,500,000 | $1,500,000 |
Finite-lived Intangible Assets Acquired | ' | ' | 0 | 0 | ' | ' |
Amortization of Intangible Assets | $61,000 | $68,425 | $126,748 | $142,198 | ' | ' |
Note_10_Core_Deposit_Intangibl3
Note 10 - Core Deposit Intangible Asset (Details) - Core Deposit Intangible Assets (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 |
Core Deposit Intangible Assets [Abstract] | ' | ' | ' |
Core deposit intangible asset | $1,500,000 | $1,500,000 | $1,500,000 |
Core deposit intangible asset | $597,184 | ' | $470,436 |
Note_10_Core_Deposit_Intangibl4
Note 10 - Core Deposit Intangible Asset (Details) - Estimated Amortization Expense on Core Deposits (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Estimated Amortization Expense on Core Deposits [Abstract] | ' | ' |
2014 | $117,252 | ' |
2015 | 217,500 | ' |
2016 | 193,864 | ' |
2017 | 172,768 | ' |
2018 | 152,732 | ' |
2019 | 48,700 | ' |
$902,816 | $1,029,564 |
Note_11_Subsequent_Events_Deta
Note 11 - Subsequent Events (Details) (First National Bank [Member], USD $) | 3 Months Ended | |
Sep. 30, 2014 | Apr. 30, 2014 | |
Subsequent Event [Member] | ||
Note 11 - Subsequent Events (Details) [Line Items] | ' | ' |
Noncontrolling Interest, Ownership Percentage by Parent | ' | 100.00% |
Payments to Acquire Businesses, Gross | $4,700,000 | ' |