Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2015 | Apr. 30, 2015 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | AMES NATIONAL CORPORATION | |
Document Type | 10-Q | |
Current Fiscal Year End Date | -19 | |
Entity Common Stock, Shares Outstanding | 9,310,913 | |
Amendment Flag | FALSE | |
Entity Central Index Key | 1132651 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Accelerated Filer | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | 31-Mar-15 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q1 |
Consolidated_Balance_Sheets_Un
Consolidated Balance Sheets (Unaudited) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
ASSETS | ||
Cash and due from banks | $24,944,438 | $23,730,257 |
Federal funds sold | 6,000 | |
Interest bearing deposits in financial institutions | 62,209,248 | 31,463,382 |
Securities available-for-sale | 554,649,829 | 542,502,381 |
Loans receivable, net | 660,790,412 | 658,440,998 |
Loans held for sale | 352,200 | 704,850 |
Bank premises and equipment, net | 15,798,836 | 15,956,989 |
Accrued income receivable | 7,518,141 | 7,471,023 |
Other real estate owned | 7,365,534 | 8,435,885 |
Deferred income taxes | 1,364,975 | 2,633,177 |
Core deposit intangible, net | 1,616,608 | 1,730,231 |
Goodwill | 6,732,216 | 6,732,216 |
Other assets | 1,388,911 | 1,223,328 |
Total assets | 1,344,731,348 | 1,301,030,717 |
Deposits | ||
Demand, noninterest bearing | 191,229,947 | 188,725,609 |
NOW accounts | 308,945,497 | 298,581,556 |
Savings and money market | 348,930,524 | 321,700,422 |
Time, $250,000 and over | 33,398,309 | 36,169,601 |
Other time | 200,285,917 | 206,946,069 |
Total deposits | 1,082,790,194 | 1,052,123,257 |
Securities sold under agreements to repurchase | 58,801,317 | 51,265,011 |
Federal Home Loan Bank (FHLB) advances | 14,449,174 | 14,467,737 |
Other borrowings | 22,944,947 | 23,000,000 |
Dividend payable | 1,862,183 | 1,675,964 |
Accrued expenses and other liabilities | 5,237,675 | 3,824,330 |
Total liabilities | 1,186,085,490 | 1,146,356,299 |
STOCKHOLDERS' EQUITY | ||
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 9,310,913 shares as of March 31, 2015 and December 31, 2014 | 18,621,826 | 18,621,826 |
Additional paid-in capital | 20,878,728 | 20,878,728 |
Retained earnings | 112,474,593 | 110,701,847 |
Accumulated other comprehensive income - net unrealized gain on securities available-for-sale | 6,670,711 | 4,472,017 |
Total stockholders' equity | 158,645,858 | 154,674,418 |
Total liabilities and stockholders' equity | $1,344,731,348 | $1,301,030,717 |
Consolidated_Balance_Sheets_Un1
Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Common stock, par value (in Dollars per share) | $2 | $2 |
Common stock, authorized | 18,000,000 | 18,000,000 |
Common stock, issued | 9,310,913 | 9,310,913 |
Common stock, outstanding | 9,310,913 | 9,310,913 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (Unaudited) (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Interest income: | ||
Loans, including fees | $7,399,690 | $6,409,431 |
Securities: | ||
Taxable | 1,566,398 | 1,763,603 |
Tax-exempt | 1,486,360 | 1,674,108 |
Interest bearing deposits and federal funds sold | 93,378 | 73,139 |
Total interest income | 10,545,826 | 9,920,281 |
Interest expense: | ||
Deposits | 762,396 | 892,010 |
Other borrowed funds | 338,163 | 294,486 |
Total interest expense | 1,100,559 | 1,186,496 |
Net interest income | 9,445,267 | 8,733,785 |
Provision for loan losses | 77,300 | 39,231 |
Net interest income after provision for loan losses | 9,367,967 | 8,694,554 |
Noninterest income: | ||
Wealth management income | 687,910 | 696,819 |
Service fees | 394,559 | 357,479 |
Securities gains, net | 4,949 | 135,081 |
Gain on sale of loans held for sale | 213,986 | 98,653 |
Merchant and card fees | 314,594 | 259,389 |
Gain (loss) on the sale of premises and equipment, net | -1,132 | 1,256,924 |
Other noninterest income | 151,353 | 141,439 |
Total noninterest income | 1,766,219 | 2,945,784 |
Noninterest expense: | ||
Salaries and employee benefits | 3,724,934 | 3,291,452 |
Data processing | 664,535 | 571,350 |
Occupancy expenses, net | 526,087 | 469,220 |
FDIC insurance assessments | 182,996 | 162,344 |
Professional fees | 292,438 | 282,447 |
Business development | 232,844 | 207,861 |
Other real estate owned expense, net | 148,063 | 704 |
Core deposit intangible amortization | 113,623 | 65,748 |
Other operating expenses, net | 253,337 | 277,976 |
Total noninterest expense | 6,138,857 | 5,329,102 |
Income before income taxes | 4,995,329 | 6,311,236 |
Provision for income taxes | 1,360,400 | 1,785,145 |
Net income | $3,634,929 | $4,526,091 |
Basic and diluted earnings per share (in Dollars per share) | $0.39 | $0.49 |
Dividends declared per share (in Dollars per share) | $0.20 | $0.18 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Net income | $3,634,929 | $4,526,091 |
Other comprehensive income, before tax: | ||
Unrealized holding gains arising during the period | 3,494,946 | 3,676,974 |
Less: reclassification adjustment for gains realized in net income | 4,949 | 135,081 |
Other comprehensive income before tax | 3,489,997 | 3,541,893 |
Tax effect related to other comprehensive income | -1,291,303 | -1,310,499 |
Other comprehensive income, net of tax | 2,198,694 | 2,231,394 |
Comprehensive income | $5,833,623 | $6,757,485 |
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, 2013 | $18,865,830 | $22,651,222 | $102,154,498 | $451,132 | ($2,016,498) | $142,106,184 |
Net income | 4,526,091 | 4,526,091 | ||||
Other comprehensive income | 2,231,394 | 2,231,394 | ||||
Cash dividends declared, per share | -1,675,964 | -1,675,964 | ||||
Balance at Mar. 31, 2014 | 18,865,830 | 22,651,222 | 105,004,625 | 2,682,526 | -2,016,498 | 147,187,705 |
Balance at Dec. 31, 2014 | 18,621,826 | 20,878,728 | 110,701,847 | 4,472,017 | 154,674,418 | |
Net income | 3,634,929 | 3,634,929 | ||||
Other comprehensive income | 2,198,694 | 2,198,694 | ||||
Cash dividends declared, per share | -1,862,183 | -1,862,183 | ||||
Balance at Mar. 31, 2015 | $18,621,826 | $20,878,728 | $112,474,593 | $6,670,711 | $158,645,858 |
Consolidated_Statements_of_Sto1
Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) (USD $) | 0 Months Ended | 3 Months Ended | |
Feb. 11, 2015 | Mar. 31, 2015 | Mar. 31, 2014 | |
Cash dividends declared | $0.20 | $0.20 | $0.18 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income | $3,634,929 | $4,526,091 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for loan losses | 77,300 | 39,231 |
Provision for off-balance sheet commitments | 35,000 | |
Amortization, net | 887,871 | 1,099,195 |
Amortization of core deposit intangible asset | 113,623 | 65,748 |
Depreciation | 259,680 | 187,611 |
Debit (credit) for deferred income taxes | -23,101 | 667,448 |
Securities gains, net | -4,949 | -135,081 |
(Gain) loss on sale of premises and equipment, net | 1,132 | -1,256,924 |
Impairment of other real estate owned | 27,453 | |
Loss on sale of other real estate owned, net | 55,742 | |
Change in assets and liabilities: | ||
Decrease in loans held for sale | 352,650 | 295,618 |
(Increase) decrease in accrued income receivable | -47,118 | 5,171 |
(Increase) in other assets | -167,275 | -150,386 |
Increase in accrued expenses and other liabilities | 1,413,345 | 1,128,595 |
Net cash provided by operating activities | 6,581,282 | 6,507,317 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Purchase of securities available-for-sale | -23,877,871 | -35,980,382 |
Proceeds from sale of securities available-for-sale | 517,076 | 3,478,851 |
Proceeds from maturities and calls of securities available-for-sale | 13,761,096 | 14,209,166 |
Net (increase) in interest bearing deposits in financial institutions | -30,745,866 | -16,738,691 |
Decrease in federal funds sold | 6,000 | |
Net (increase) decrease in loans | -2,390,660 | 15,939,754 |
Net proceeds from the sale of other real estate owned | 987,156 | |
Net proceeds from the sale of bank premises and equipment | 1,746,444 | |
Purchase of bank premises and equipment, net | -100,967 | -34,163 |
Other | -2,750 | |
Net cash (used in) investing activities | -41,844,036 | -17,381,771 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Increase in deposits | 30,690,209 | 16,028,464 |
Increase in securities sold under agreements to repurchase and federal funds purchased | 7,536,306 | 293,530 |
Payments on FHLB borrowings and other borrowings | -73,616 | -17,980 |
Proceeds from short-term FHLB borrowings, net | 2,200,000 | |
Dividends paid | -1,675,964 | -1,489,746 |
Net cash provided by financing activities | 36,476,935 | 17,014,268 |
Net increase in cash and due from banks | 1,214,181 | 6,139,814 |
CASH AND DUE FROM BANKS | ||
Beginning | 23,730,257 | 24,270,031 |
Ending | 24,944,438 | 30,409,845 |
Cash payments for: | ||
Interest | 1,179,859 | 1,275,692 |
Income taxes | 44,982 | 48,701 |
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES | ||
Transfer of loans receivable to other real estate owned | $16,610 |
Note_1_Significant_Accounting_
Note 1 - Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2015 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | 1. Significant Accounting Policies |
The consolidated financial statements for the three months ended March 31, 2015 and 2014 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, 2014 (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 March 31, 2015, Company management has performed a goodwill impairment analysis and determined goodwill was not impaired. |
Note_2_Branch_Acquisition
Note 2 - Branch Acquisition | 3 Months Ended | ||||
Mar. 31, 2015 | |||||
Business Combinations [Abstract] | |||||
Business Combination Disclosure [Text Block] | 2. Branch Acquisition | ||||
On August 29, 2014, First National Bank (FNB) completed the purchase of three bank branches of First Bank located in West Des Moines and Johnston, Iowa (the “Acquisition”). The Acquisition was consistent with the Bank’s strategy to strengthen and expand its Iowa market share. The acquired assets and liabilities were recorded at fair value at the date of acquisition and were reflected in the September 30, 2014 financial statements as such. These branches were purchased for cash consideration of $4.1 million. As a result of the acquisition, the Company recorded a core deposit intangible asset of $1,018,000 and goodwill of $1,131,000. The results of operations for this acquisition have been included since the transaction date of August 29, 2014. The fair value of credit deteriorated purchased loans related to this Acquisition is $1,507,000. These purchase loans are included in the impaired loan category in the financial statements. | |||||
The following table summarizes the fair value of the total consideration transferred as a part of the Acquisition as well as the fair value of identifiable assets acquired and liabilities assumed as of August 29, 2014, the effective date of the transaction. | |||||
Cash consideration transferred | $ | 4,147,680 | |||
Recognized amounts of identifiable assets acquired and liabilities assumed: | |||||
Cash and Due from Banks | $ | 20,576,661 | |||
Interest bearing deposits in financial institutions | 5,719,000 | ||||
Securities available-for-sale | 10,602,454 | ||||
Loans receivable | 44,620,021 | ||||
Accrued interest receivable | 230,332 | ||||
Bank premises and equipment | 3,864,900 | ||||
Other real estate owned | 1,267,720 | ||||
Core deposit intangible asset | 1,018,000 | ||||
Other assets | 748,511 | ||||
Deposits | (81,962,650 | ) | |||
Securities sold under agreements to repurchase | (2,815,297 | ) | |||
Accrued interest payable and other liabilities | (853,439 | ) | |||
Total identifiable net assets | $ | 3,016,213 | |||
Goodwill | $ | 1,131,467 | |||
On August 29, 2014, the contractual balance of loans receivable acquired was $45,584,000 and the contractual balance of the deposits assumed was $81,841,000. Loans receivable acquired include commercial real estate, 1-4 family real estate, commercial operating and consumer loans. | |||||
The acquired loans at contractual values as of August 29, 2014 were determined to be risk rated as follows: | |||||
Pass | $ | 29,840,000 | |||
Watch | 6,659,000 | ||||
Special Mention | 1,478,000 | ||||
Substandard | 5,460,000 | ||||
Deteriorated credit | 2,147,000 | ||||
Total loans acquired at book value | $ | 45,584,000 | |||
Loans acquired as deteriorated credit loans will be included with impaired loans. | |||||
The core deposit intangible asset is amortized to expense on a declining basis over a period of nine years. The loan market valuation is accreted to income on a declining basis over a six year period. The time deposits market valuation is amortized to expense on a declining basis over a two year period. | |||||
The excess cash in the transaction has been utilized through reductions in federal funds purchased and other borrowings at FNB. Going forward any excess cash will be used in the form of investment and or loan growth. |
Note_3_Dividends
Note 3 - Dividends | 3 Months Ended |
Mar. 31, 2015 | |
Dividends Disclosure [Abstract] | |
Dividends Disclosure [Text Block] | 3. Dividends |
On February 11, 2015, the Company declared a cash dividend on its common stock, payable on May 15, 2015 to stockholders of record as of May 1, 2015, equal to $0.20 per share. |
Note_4_Earnings_Per_Share
Note 4 - Earnings Per Share | 3 Months Ended |
Mar. 31, 2015 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | 4. 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 months ended March 31, 2015 and 2014 were 9,310,913. The Company had no potentially dilutive securities outstanding during the periods presented. |
Note_5_OffBalance_Sheet_Arrang
Note 5 - Off-Balance Sheet Arrangements | 3 Months Ended |
Mar. 31, 2015 | |
Loans And Leases Receivable Commitments [Abstract] | |
Loans And Leases Receivable Commitments [Text Block] | 5. 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, 2014. |
Note_6_Fair_Value_Measurements
Note 6 - Fair Value Measurements | 3 Months Ended | |||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ||||||||||||||||||
Fair Value Disclosures [Text Block] | 6. 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 March 31, 2015 and December 31, 2014. (in thousands) | ||||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
2015 | ||||||||||||||||||
U.S. government treasuries | $ | 1,472 | $ | 1,472 | $ | - | $ | - | ||||||||||
U.S. government agencies | 100,856 | - | 100,856 | - | ||||||||||||||
U.S. government mortgage-backed securities | 115,948 | - | 115,948 | - | ||||||||||||||
State and political subdivisions | 284,033 | - | 284,033 | - | ||||||||||||||
Corporate bonds | 48,600 | - | 48,600 | - | ||||||||||||||
Equity securities, common stock | 745 | 745 | - | - | ||||||||||||||
Equity securities, other | 2,996 | - | 2,996 | - | ||||||||||||||
$ | 554,650 | $ | 2,217 | $ | 552,433 | $ | - | |||||||||||
2014 | ||||||||||||||||||
U.S. government treasuries | $ | 1,447 | $ | 1,447 | $ | - | $ | - | ||||||||||
U.S. government agencies | 87,307 | - | 87,307 | - | ||||||||||||||
U.S. government mortgage-backed securities | 120,985 | - | 120,985 | - | ||||||||||||||
State and political subdivisions | 281,776 | - | 281,776 | - | ||||||||||||||
Corporate bonds | 47,320 | - | 47,320 | - | ||||||||||||||
Equity securities, common stock | 758 | 758 | - | - | ||||||||||||||
Equity securities, other | 2,909 | - | 2,909 | - | ||||||||||||||
$ | 542,502 | $ | 2,205 | $ | 540,297 | $ | - | |||||||||||
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. U.S government mortgage-backed securities, state and political subdivisions, most corporate bonds and other equity securities 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. | ||||||||||||||||||
The Company's policy is to recognize transfers between Levels at the end of each reporting period, if applicable. There were no transfers between Levels of the fair value hierarchy during the three months ended March 31, 2015. | ||||||||||||||||||
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 March 31, 2015 and December 31, 2014. (in thousands) | ||||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
2015 | ||||||||||||||||||
Loans receivable | $ | 684 | $ | - | $ | - | $ | 684 | ||||||||||
Other real estate owned | 7,366 | - | - | 7,366 | ||||||||||||||
Total | $ | 8,050 | $ | - | $ | - | $ | 8,050 | ||||||||||
2014 | ||||||||||||||||||
Loans receivable | $ | 692 | $ | - | $ | - | $ | 692 | ||||||||||
Other real estate owned | 8,436 | - | - | 8,436 | ||||||||||||||
Total | $ | 9,128 | $ | - | $ | - | $ | 9,128 | ||||||||||
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, with any impairment amount charged to the allowance for loan losses. Subsequent to the transfer, other real estate owned is carried at the lower of cost or fair value, less estimated selling costs, with any impairment amount recorded as a noninterest expense. 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 $6,392,000 as of March 31, 2015 and $6,389,000 as of December 31, 2014. 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 March 31, 2015 and December 31, 2014 are as follows: (in thousands) | ||||||||||||||||||
2015 | ||||||||||||||||||
Estimated | Valuation | Range of | Range | |||||||||||||||
Fair Value | Techniques | Unobservable Inputs | (Average) | |||||||||||||||
Impaired Loans | $ | 684 | Evaluation of collateral | Estimation of value | NM* | |||||||||||||
Other real estate owned | $ | 7,366 | Appraisal | Appraisal adjustment | 6% | - | 10% | (8% | ) | |||||||||
2014 | ||||||||||||||||||
Estimated | Valuation | Range of | Range | |||||||||||||||
Fair Value | Techniques | Unobservable Inputs | (Average) | |||||||||||||||
Impaired Loans | $ | 692 | Evaluation of collateral | Estimation of value | NM* | |||||||||||||
Other real estate owned | $ | 8,436 | Appraisal | Appraisal adjustment | 4% | - | 10% | (7% | ) | |||||||||
* 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 March 31, 2015 and December 31, 2014 are not carried at fair value in their entirety on the consolidated balance sheets. | ||||||||||||||||||
Cash and due from banks, federal funds sold 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. U.S government mortgage-backed securities, state and political subdivisions, some corporate bonds and other equity securities are reported at fair value utilizing Level 2 inputs. | ||||||||||||||||||
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. | ||||||||||||||||||
Loans held for sale: The fair value of loans held for sale is based on prevailing market prices. | ||||||||||||||||||
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: The carrying amounts of securities sold under agreements to repurchase 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 as of March 31, 2015 and December 31, 2014 are as follows: (in thousands) | ||||||||||||||||||
2015 | 2014 | |||||||||||||||||
Fair Value | Estimated | Estimated | ||||||||||||||||
Hierarchy | Carrying | Fair | Carrying | Fair | ||||||||||||||
Level | Amount | Value | Amount | Value | ||||||||||||||
Financial assets: | ||||||||||||||||||
Cash and due from banks | Level 1 | $ | 24,944 | $ | 24,944 | $ | 23,730 | $ | 23,730 | |||||||||
Federal funds sold | Level 1 | - | - | 6 | 6 | |||||||||||||
Interest bearing deposits | Level 1 | 62,209 | 62,209 | 31,463 | 31,463 | |||||||||||||
Securities available-for-sale | See previous table | 554,650 | 554,650 | 542,502 | 542,502 | |||||||||||||
Loans receivable, net | Level 2 | 660,790 | 661,330 | 658,441 | 656,896 | |||||||||||||
Loans held for sale | Level 2 | 352 | 352 | 705 | 705 | |||||||||||||
Accrued income receivable | Level 1 | 7,518 | 7,518 | 7,471 | 7,471 | |||||||||||||
Financial liabilities: | ||||||||||||||||||
Deposits | Level 2 | $ | 1,082,790 | $ | 1,084,437 | $ | 1,052,123 | $ | 1,052,082 | |||||||||
Securities sold under agreements to repurchase | Level 1 | 58,801 | 58,801 | 51,265 | 51,265 | |||||||||||||
FHLB advances | Level 2 | 14,449 | 15,302 | 14,468 | 15,281 | |||||||||||||
Other borrowings | Level 2 | 22,945 | 24,176 | 23,000 | 24,339 | |||||||||||||
Accrued interest payable | Level 1 | 480 | 480 | 536 | 536 | |||||||||||||
The methodologies used to determine fair value as of March 31, 2015 did not change from the methodologies described in the December 31, 2014 Annual Financial Statements. |
Note_7_Debt_and_Equity_Securit
Note 7 - Debt and Equity Securities | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 7. Debt and Equity Securities | ||||||||||||||||||||||||
The amortized cost of securities available-for-sale and their fair values as of March 31, 2015 and December 31, 2014 are summarized below: (in thousands) | |||||||||||||||||||||||||
2015:00:00 | Gross | Gross | |||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Estimated | ||||||||||||||||||||||
Cost | Gains | Losses | Fair Value | ||||||||||||||||||||||
U.S. government treasuries | $ | 1,435 | $ | 37 | $ | - | $ | 1,472 | |||||||||||||||||
U.S. government agencies | 99,548 | 1,464 | (156 | ) | 100,856 | ||||||||||||||||||||
U.S. government mortgage-backed securities | 112,732 | 3,216 | - | 115,948 | |||||||||||||||||||||
State and political subdivisions | 278,529 | 5,765 | (261 | ) | 284,033 | ||||||||||||||||||||
Corporate bonds | 48,192 | 706 | (298 | ) | 48,600 | ||||||||||||||||||||
Equity securities, common stock | 630 | 115 | - | 745 | |||||||||||||||||||||
Equity securities, other | 2,996 | - | - | 2,996 | |||||||||||||||||||||
$ | 544,062 | $ | 11,303 | $ | (715 | ) | $ | 554,650 | |||||||||||||||||
2014:00:00 | Gross | Gross | |||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Estimated | ||||||||||||||||||||||
Cost | Gains | Losses | Fair Value | ||||||||||||||||||||||
U.S. government treasuries | $ | 1,431 | $ | 16 | $ | - | $ | 1,447 | |||||||||||||||||
U.S. government agencies | 86,997 | 822 | (512 | ) | 87,307 | ||||||||||||||||||||
U.S. government mortgage-backed securities | 118,349 | 2,744 | (108 | ) | 120,985 | ||||||||||||||||||||
State and political subdivisions | 277,328 | 5,097 | (649 | ) | 281,776 | ||||||||||||||||||||
Corporate bonds | 47,760 | 471 | (911 | ) | 47,320 | ||||||||||||||||||||
Equity securities, common stock | 630 | 128 | - | 758 | |||||||||||||||||||||
Equity securities, other | 2,909 | - | - | 2,909 | |||||||||||||||||||||
$ | 535,404 | $ | 9,278 | $ | (2,180 | ) | $ | 542,502 | |||||||||||||||||
The proceeds, gains and losses from securities available-for-sale are summarized as follows: (in thousands) | |||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||
March 31, | |||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||
Proceeds from sales of securities available-for-sale | $ | 517 | $ | 3,479 | |||||||||||||||||||||
Gross realized gains on securities available-for-sale | 5 | 135 | |||||||||||||||||||||||
Gross realized losses on securities available-for-sale | - | - | |||||||||||||||||||||||
Tax provision applicable to net realized gains on securities available-for-sale | 2 | 50 | |||||||||||||||||||||||
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 of March 31, 2015 and December 31, 2014 are as follows: (in thousands) | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
2015:00:00 | Estimated Fair Value | Unrealized Losses | Estimated Fair Value | Unrealized Losses | Estimated Fair Value | Unrealized Losses | |||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. government agencies | $ | 12,489 | $ | (59 | ) | $ | 7,857 | $ | (97 | ) | $ | 20,346 | $ | (156 | ) | ||||||||||
State and political subdivisions | 26,025 | (169 | ) | 8,141 | (92 | ) | 34,166 | (261 | ) | ||||||||||||||||
Corporate bonds | 2,629 | (5 | ) | 16,936 | (293 | ) | 19,565 | (298 | ) | ||||||||||||||||
$ | 41,143 | $ | (233 | ) | $ | 32,934 | $ | (482 | ) | $ | 74,077 | $ | (715 | ) | |||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
2014:00:00 | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | |||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. government agencies | $ | 14,016 | $ | (64 | ) | $ | 17,523 | $ | (448 | ) | $ | 31,539 | $ | (512 | ) | ||||||||||
U.S. government mortgage-backed securities | 6,934 | (20 | ) | 16,123 | (88 | ) | 23,057 | (108 | ) | ||||||||||||||||
State and political subdivisions | 45,618 | (252 | ) | 24,880 | (397 | ) | 70,498 | (649 | ) | ||||||||||||||||
Corporate bonds | 89,637 | (73 | ) | 20,724 | (838 | ) | 110,361 | (911 | ) | ||||||||||||||||
$ | 156,205 | $ | (409 | ) | $ | 79,250 | $ | (1,771 | ) | $ | 235,455 | $ | (2,180 | ) | |||||||||||
Gross unrealized losses on debt securities totaled $715,000 as of March 31, 2015. 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_8_Loan_Receivable_and_Cre
Note 8 - Loan Receivable and Credit Disclosures | 3 Months Ended | ||||||||||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | |||||||||||||||||||||||||||||||||
Financing Receivables [Text Block] | 8 | Loans Receivable and Credit Disclosures | |||||||||||||||||||||||||||||||
Activity in the allowance for loan losses, on a disaggregated basis, for the three months ended March 31, 2015 and 2014 is as follows: (in thousands) | |||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2015 | |||||||||||||||||||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Agricultural | Consumer | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Real Estate | Commercial | Agricultural | and Other | Total | ||||||||||||||||||||||||||
Balance, December 31, 2014 | $ | 495 | $ | 1,648 | $ | 3,214 | $ | 737 | $ | 1,247 | $ | 1,312 | $ | 186 | $ | 8,839 | |||||||||||||||||
Provision (credit) for loan losses | 36 | 100 | 24 | 32 | (111 | ) | (14 | ) | 10 | 77 | |||||||||||||||||||||||
Recoveries of loans charged-off | 5 | 4 | - | - | 1 | 1 | 1 | 12 | |||||||||||||||||||||||||
Loans charged-off | - | - | - | - | - | (2 | ) | - | (2 | ) | |||||||||||||||||||||||
Balance, March 31, 2015 | $ | 536 | $ | 1,752 | $ | 3,238 | $ | 769 | $ | 1,137 | $ | 1,297 | $ | 197 | $ | 8,926 | |||||||||||||||||
Three Months Ended March 31, 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 | 48 | 18 | (31 | ) | 45 | (31 | ) | (58 | ) | 48 | 39 | ||||||||||||||||||||||
Recoveries of loans charged-off | - | 4 | - | - | 1 | - | 5 | 10 | |||||||||||||||||||||||||
Loans charged-off | - | (5 | ) | - | - | - | - | (48 | ) | (53 | ) | ||||||||||||||||||||||
Balance, March 31, 2014 | $ | 440 | $ | 1,540 | $ | 3,199 | $ | 731 | $ | 1,405 | $ | 1,107 | $ | 146 | $ | 8,568 | |||||||||||||||||
Allowance for loan losses disaggregated on the basis of impairment analysis method as of March 31, 2015 and December 31, 2014 is as follows: (in thousands) | |||||||||||||||||||||||||||||||||
2015 | 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 | $ | - | $ | 247 | $ | 30 | $ | - | $ | 50 | $ | - | $ | - | $ | 327 | |||||||||||||||||
Collectively evaluated for impairment | 536 | 1,505 | 3,208 | 769 | 1,087 | 1,297 | 197 | 8,599 | |||||||||||||||||||||||||
Balance March 31, 2015 | $ | 536 | $ | 1,752 | $ | 3,238 | $ | 769 | $ | 1,137 | $ | 1,297 | $ | 197 | $ | 8,926 | |||||||||||||||||
2014 | 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 | $ | - | $ | 244 | $ | 33 | $ | - | $ | 60 | $ | - | $ | - | $ | 337 | |||||||||||||||||
Collectively evaluated for impairment | 495 | 1,524 | 3,181 | 737 | 1,067 | 1,312 | 186 | 8,502 | |||||||||||||||||||||||||
Balance December 31, 2014 | $ | 495 | $ | 1,768 | $ | 3,214 | $ | 737 | $ | 1,127 | $ | 1,312 | $ | 186 | $ | 8,839 | |||||||||||||||||
Loans receivable disaggregated on the basis of impairment analysis method as of March 31, 2015 and December 31, 2014 is as follows (in thousands): | |||||||||||||||||||||||||||||||||
2015 | 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 | $ | 189 | $ | 897 | $ | 745 | $ | - | $ | 537 | $ | 11 | $ | 2 | $ | 2,381 | |||||||||||||||||
Collectively evaluated for impairment | 38,253 | 119,436 | 263,550 | 61,064 | 91,537 | 76,741 | 16,838 | 667,419 | |||||||||||||||||||||||||
Balance March 31, 2015 | $ | 38,442 | $ | 120,333 | $ | 264,295 | $ | 61,064 | $ | 92,074 | $ | 76,752 | $ | 16,840 | $ | 669,800 | |||||||||||||||||
2014 | 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 | $ | 195 | $ | 811 | $ | 833 | $ | - | $ | 540 | $ | 19 | $ | 9 | $ | 2,407 | |||||||||||||||||
Collectively evaluated for impairment | 35,821 | 121,966 | 256,221 | 57,449 | 92,163 | 85,590 | 15,754 | 664,964 | |||||||||||||||||||||||||
Balance December 31, 2014 | $ | 36,016 | $ | 122,777 | $ | 257,054 | $ | 57,449 | $ | 92,703 | $ | 85,609 | $ | 15,763 | $ | 667,371 | |||||||||||||||||
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. The credit deteriorated loans acquired as a part of the Acquisition have been included in the following information. 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 March 31, 2015 and December 31, 2014: (in thousands) | |||||||||||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||||||||||
Unpaid | Unpaid | ||||||||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Principal | Related | ||||||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Balance | Allowance | ||||||||||||||||||||||||||||
With no specific reserve recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | $ | 189 | $ | 343 | $ | - | $ | 195 | $ | 346 | $ | - | |||||||||||||||||||||
Real estate - 1 to 4 family residential | 119 | 122 | - | 24 | 29 | - | |||||||||||||||||||||||||||
Real estate - commercial | 590 | 1,132 | - | 675 | 1,204 | - | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial | 459 | 535 | - | 456 | 535 | - | |||||||||||||||||||||||||||
Agricultural | 11 | 11 | - | 19 | 19 | - | |||||||||||||||||||||||||||
Consumer and other | 2 | 2 | - | 9 | 6 | - | |||||||||||||||||||||||||||
Total loans with no specific reserve: | 1,370 | 2,145 | - | 1,378 | 2,139 | - | |||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | - | - | - | - | - | - | |||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 778 | 898 | 247 | 787 | 903 | 244 | |||||||||||||||||||||||||||
Real estate - commercial | 155 | 157 | 30 | 158 | 158 | 33 | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial | 78 | 78 | 50 | 84 | 84 | 60 | |||||||||||||||||||||||||||
Agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | |||||||||||||||||||||||||||
Total loans with specific reserve: | 1,011 | 1,133 | 327 | 1,029 | 1,145 | 337 | |||||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||||||
Real estate - construction | 189 | 343 | - | 195 | 346 | - | |||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 897 | 1,020 | 247 | 811 | 932 | 244 | |||||||||||||||||||||||||||
Real estate - commercial | 745 | 1,289 | 30 | 833 | 1,362 | 33 | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial | 537 | 613 | 50 | 540 | 619 | 60 | |||||||||||||||||||||||||||
Agricultural | 11 | 11 | - | 19 | 19 | - | |||||||||||||||||||||||||||
Consumer and other | 2 | 2 | - | 9 | 6 | - | |||||||||||||||||||||||||||
$ | 2,381 | $ | 3,278 | $ | 327 | $ | 2,407 | $ | 3,284 | $ | 337 | ||||||||||||||||||||||
The following is a recap of the average recorded investment and interest income recognized on impaired loans for the three months ended March 31, 2015 and 2014: (in thousands) | |||||||||||||||||||||||||||||||||
Three Months Ended March 31, | |||||||||||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||||||
With no specific reserve recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | $ | 192 | $ | - | $ | 503 | $ | - | |||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 72 | - | 274 | 5 | |||||||||||||||||||||||||||||
Real estate - commercial | 633 | - | 262 | 28 | |||||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | |||||||||||||||||||||||||||||
Commercial | 458 | 3 | 43 | - | |||||||||||||||||||||||||||||
Agricultural | 15 | - | 19 | - | |||||||||||||||||||||||||||||
Consumer and other | 6 | 1 | 38 | - | |||||||||||||||||||||||||||||
Total loans with no specific reserve: | 1,376 | 4 | 1,139 | 33 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | - | - | - | - | |||||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 783 | - | 349 | - | |||||||||||||||||||||||||||||
Real estate - commercial | 157 | - | 46 | - | |||||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | |||||||||||||||||||||||||||||
Commercial | 81 | - | 764 | - | |||||||||||||||||||||||||||||
Agricultural | - | - | 5 | - | |||||||||||||||||||||||||||||
Consumer and other | - | - | - | - | |||||||||||||||||||||||||||||
Total loans with specific reserve: | 1,021 | - | 1,164 | - | |||||||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||||||
Real estate - construction | 192 | - | 503 | - | |||||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 855 | - | 623 | 5 | |||||||||||||||||||||||||||||
Real estate - commercial | 790 | - | 308 | 28 | |||||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | |||||||||||||||||||||||||||||
Commercial | 539 | 3 | 807 | - | |||||||||||||||||||||||||||||
Agricultural | 15 | - | 24 | - | |||||||||||||||||||||||||||||
Consumer and other | 6 | 1 | 38 | - | |||||||||||||||||||||||||||||
$ | 2,397 | $ | 4 | $ | 2,303 | $ | 33 | ||||||||||||||||||||||||||
The interest foregone on nonaccrual loans for the three months ended March 31, 2015 and 2014 was approximately $44,000 and $37,000, respectively. | |||||||||||||||||||||||||||||||||
The Company had loans meeting the definition of a troubled debt restructuring (TDR) of $1,043,000 as of March 31, 2015, of which all were included in impaired loans and nonaccrual loans. The Company had TDRs of $1,129,000 as of December 31, 2014, all of which were included in impaired and nonaccrual loans. | |||||||||||||||||||||||||||||||||
The following table sets forth information on the Company’s TDRs, on a disaggregated basis, occurring in the three months ended March 31, 2015 and 2014: (dollars in thousands) | |||||||||||||||||||||||||||||||||
Three Months Ended March 31, | |||||||||||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||||||||||
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 | - | - | - | - | - | - | |||||||||||||||||||||||||||
Agricultural | - | - | - | 1 | 19 | 19 | |||||||||||||||||||||||||||
Consumer and other | - | - | - | 1 | 6 | 6 | |||||||||||||||||||||||||||
- | $ | - | $ | - | 3 | $ | 68 | $ | 68 | ||||||||||||||||||||||||
The Company did not grant any concessions on any loans experiencing financial difficulties during the three months ended March 31, 2015. | |||||||||||||||||||||||||||||||||
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 loan’s maturity dates were extended one year with interest only until maturity. | |||||||||||||||||||||||||||||||||
A TDR loan is considered to have payment default when it is past due 60 days or more. | |||||||||||||||||||||||||||||||||
No TDR loan modified during the three months ended March 31, 2015 had a payment default. There was one charge-off related to a TDR for the three months ended March 31, 2014 in the amount of $44,000. | |||||||||||||||||||||||||||||||||
An aging analysis of the recorded investments in loans, on a disaggregated basis, as of March 31, 2015 and December 31, 2014, is as follows: (in thousands) | |||||||||||||||||||||||||||||||||
2015 | 90 Days | 90 Days | |||||||||||||||||||||||||||||||
30-89 | or Greater | Total | or Greater | ||||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Current | Total | Accruing | ||||||||||||||||||||||||||||
Real estate - construction | $ | - | $ | - | $ | - | $ | 38,442 | $ | 38,442 | $ | - | |||||||||||||||||||||
Real estate - 1 to 4 family residential | 514 | 199 | 713 | 119,620 | 120,333 | 8 | |||||||||||||||||||||||||||
Real estate - commercial | - | - | - | 264,295 | 264,295 | - | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | 61,064 | 61,064 | - | |||||||||||||||||||||||||||
Commercial | 473 | 94 | 567 | 91,507 | 92,074 | - | |||||||||||||||||||||||||||
Agricultural | 327 | - | 327 | 76,425 | 76,752 | - | |||||||||||||||||||||||||||
Consumer and other | 29 | - | 29 | 16,811 | 16,840 | - | |||||||||||||||||||||||||||
$ | 1,343 | $ | 293 | $ | 1,636 | $ | 668,164 | $ | 669,800 | $ | 8 | ||||||||||||||||||||||
2014 | 90 Days | 90 Days | |||||||||||||||||||||||||||||||
30-89 | or Greater | Total | or Greater | ||||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Current | Total | Accruing | ||||||||||||||||||||||||||||
Real estate - construction | $ | 64 | $ | - | $ | 64 | $ | 35,952 | $ | 36,016 | $ | - | |||||||||||||||||||||
Real estate - 1 to 4 family residential | 888 | 57 | 945 | 121,832 | 122,777 | 36 | |||||||||||||||||||||||||||
Real estate - commercial | 467 | 45 | 512 | 256,542 | 257,054 | - | |||||||||||||||||||||||||||
Real estate - agricultural | 28 | - | 28 | 57,421 | 57,449 | - | |||||||||||||||||||||||||||
Commercial | 264 | 84 | 348 | 92,355 | 92,703 | - | |||||||||||||||||||||||||||
Agricultural | - | - | - | 85,609 | 85,609 | - | |||||||||||||||||||||||||||
Consumer and other | 63 | - | 63 | 15,700 | 15,763 | - | |||||||||||||||||||||||||||
$ | 1,774 | $ | 186 | $ | 1,960 | $ | 665,411 | $ | 667,371 | $ | 36 | ||||||||||||||||||||||
The credit risk profile by internally assigned grade, on a disaggregated basis, as of March 31, 2015 and December 31, 2014 is as follows: (in thousands) | |||||||||||||||||||||||||||||||||
2015 | Construction | Commercial | Agricultural | ||||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Commercial | Agricultural | Total | ||||||||||||||||||||||||||||
Pass | $ | 32,488 | $ | 231,612 | $ | 54,434 | $ | 77,919 | $ | 69,023 | $ | 465,476 | |||||||||||||||||||||
Watch | 3,764 | 18,490 | 6,307 | 11,110 | 7,447 | 47,118 | |||||||||||||||||||||||||||
Special Mention | - | 1,117 | - | 474 | 81 | 1,672 | |||||||||||||||||||||||||||
Substandard | 2,001 | 12,331 | 323 | 2,034 | 190 | 16,879 | |||||||||||||||||||||||||||
Substandard-Impaired | 189 | 745 | - | 537 | 11 | 1,482 | |||||||||||||||||||||||||||
$ | 38,442 | $ | 264,295 | $ | 61,064 | $ | 92,074 | $ | 76,752 | $ | 532,627 | ||||||||||||||||||||||
2014 | Construction | Commercial | Agricultural | ||||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Commercial | Agricultural | Total | ||||||||||||||||||||||||||||
Pass | $ | 30,055 | $ | 223,775 | $ | 51,024 | $ | 79,117 | $ | 78,387 | $ | 462,358 | |||||||||||||||||||||
Watch | 3,893 | 18,617 | 6,275 | 10,086 | 6,827 | 45,698 | |||||||||||||||||||||||||||
Special Mention | - | 1,296 | 88 | 585 | - | 1,969 | |||||||||||||||||||||||||||
Substandard | 1,873 | 12,532 | 62 | 2,376 | 395 | 17,238 | |||||||||||||||||||||||||||
Substandard-Impaired | 195 | 834 | - | 539 | - | 1,568 | |||||||||||||||||||||||||||
$ | 36,016 | $ | 257,054 | $ | 57,449 | $ | 92,703 | $ | 85,609 | $ | 528,831 | ||||||||||||||||||||||
The credit risk profile based on payment activity, on a disaggregated basis, as of March 31, 2015 and December 31, 2014 is as follows: | |||||||||||||||||||||||||||||||||
2015 | 1-4 Family | ||||||||||||||||||||||||||||||||
Residential | Consumer | ||||||||||||||||||||||||||||||||
Real Estate | and Other | Total | |||||||||||||||||||||||||||||||
Performing | $ | 119,396 | $ | 16,840 | $ | 136,236 | |||||||||||||||||||||||||||
Non-performing | 937 | - | 937 | ||||||||||||||||||||||||||||||
$ | 120,333 | $ | 16,840 | $ | 137,173 | ||||||||||||||||||||||||||||
2014 | 1-4 Family | ||||||||||||||||||||||||||||||||
Residential | Consumer | ||||||||||||||||||||||||||||||||
Real Estate | and Other | Total | |||||||||||||||||||||||||||||||
Performing | $ | 121,928 | $ | 15,756 | $ | 137,684 | |||||||||||||||||||||||||||
Non-performing | 849 | 7 | 856 | ||||||||||||||||||||||||||||||
$ | 122,777 | $ | 15,763 | $ | 138,540 | ||||||||||||||||||||||||||||
Note_9_Other_Real_Estate_Owned
Note 9 - Other Real Estate Owned | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Disclosure Text Block [Abstract] | |||||||||
Real Estate Owned [Text Block] | 9 | Other Real Estate Owned | |||||||
The following table provides the composition of other real estate owned as of March 31, 2015 and December 31, 2014: (in thousands) | |||||||||
2015 | 2014 | ||||||||
Construction and land development | $ | 5,386 | $ | 6,751 | |||||
1 to 4 family residential real estate | 1,149 | 1,316 | |||||||
Commercial real estate | 831 | 814 | |||||||
$ | 7,366 | $ | 8,881 | ||||||
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_10_Goodwill
Note 10 - Goodwill | 3 Months Ended |
Mar. 31, 2015 | |
Disclosure Text Block Supplement [Abstract] | |
Goodwill Disclosure [Text Block] | 10. Goodwill |
As of August 29, 2014, FNB acquired three bank branches located in West Des Moines and Johnston, Iowa, which resulted in the recognition of $1.1 million of goodwill. Goodwill recognized in the Acquisition was primarily attributable to an expanded market share and economies of scale expected from combining the operations of the West Des Moines and Johnston, Iowa branches with FNB. The goodwill is not amortized but is evaluated for impairment at least annually. For income tax purposes, goodwill is amortized over fifteen years. |
Note_11_Core_Deposit_Intangibl
Note 11 - Core Deposit Intangible Asset | 3 Months Ended | ||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||
Disclosure Text Block [Abstract] | |||||||||||||||||
Intangible Assets Disclosure [Text Block] | 11. Core deposit intangible asset | ||||||||||||||||
In conjunction with the Acquisition of the three bank branches in 2014, the Company recorded $1.0 million in core deposit intangible assets. The following sets forth the carrying amounts and accumulated amortization of core deposit intangible assets at March 31, 2015 and December 31, 2014: (in thousands) | |||||||||||||||||
2015 | 2014 | ||||||||||||||||
Gross | Accumulated | Gross | Accumulated | ||||||||||||||
Amount | Amortization | Amount | Amortization | ||||||||||||||
Core deposit intangible asset | $ | 2,518 | $ | 901 | $ | 2,518 | $ | 788 | |||||||||
The weighted average life of the core deposit intangible is 3 years as of March 31, 2015 and December 31, 2014. | |||||||||||||||||
The following sets forth the activity related to core deposit intangible assets for the three months ended March 31, 2015 and 2014: (in thousands) | |||||||||||||||||
Three Months Ended | |||||||||||||||||
March 31, | |||||||||||||||||
2015 | 2014 | ||||||||||||||||
Beginning core deposit intangible, net | $ | 1,730 | $ | 1,029 | |||||||||||||
Amortization | (113 | ) | (65 | ) | |||||||||||||
Ending core deposit intangible, net | $ | 1,617 | $ | 964 | |||||||||||||
Estimated remaining amortization expense on core deposit intangible for the years ending is as follows: (in thousands) | |||||||||||||||||
2015 | $ | 308 | |||||||||||||||
2016 | 354 | ||||||||||||||||
2017 | 299 | ||||||||||||||||
2018 | 251 | ||||||||||||||||
2019 | 127 | ||||||||||||||||
2020 | 71 | ||||||||||||||||
After | 207 | ||||||||||||||||
$ | 1,617 | ||||||||||||||||
Note_12_Secured_Borrowings
Note 12 - Secured Borrowings | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||
Debt Disclosure [Abstract] | |||||||||||||||||||||||||
Debt Disclosure [Text Block] | 12 | Secured Borrowings | |||||||||||||||||||||||
The following sets forth the pledged collateral at estimated fair value related to securities sold under repurchase agreements and term repurchase agreements as of March 31, 2015 and December 31, 2014: (in thousands) | |||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||
Remaining Contractual Matruity of the Agreements | |||||||||||||||||||||||||
Overnight | Greater than | Total | Overnight | Greater than | Total | ||||||||||||||||||||
90 days | 90 days | ||||||||||||||||||||||||
Securities sold under agreements to repurchase: | |||||||||||||||||||||||||
U.S. government treasuries | $ | 1,471 | $ | - | $ | 1,471 | $ | 1,447 | $ | - | $ | 1,447 | |||||||||||||
U.S. government agencies | 50,826 | - | 50,826 | 46,880 | - | 46,880 | |||||||||||||||||||
U.S. government mortgage-backed securities | 50,029 | - | 50,029 | 51,472 | - | 51,472 | |||||||||||||||||||
Total | $ | 102,326 | $ | - | $ | 102,326 | $ | 99,799 | $ | - | $ | 99,799 | |||||||||||||
Term repurchase agreements: | |||||||||||||||||||||||||
U.S. government agencies | $ | - | $ | 12,208 | $ | 12,208 | $ | - | $ | 12,151 | $ | 12,151 | |||||||||||||
U.S. government mortgage-backed securities | - | 1,620 | 1,620 | - | 1,771 | 1,771 | |||||||||||||||||||
Total | $ | - | $ | 13,828 | $ | 13,828 | $ | - | $ | 13,922 | $ | 13,922 | |||||||||||||
Total borrowings | $ | 102,326 | $ | 13,828 | $ | 116,154 | $ | 99,799 | $ | 13,922 | $ | 113,721 | |||||||||||||
In the event the repurchase agreements exceed the estimated fair value of the pledged securities available-for-sale, the Company has unpledged securities available-for-sale that may be pledged on the repurchase agreements. |
Note_13_Regulatory_Matters
Note 13 - Regulatory Matters | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | |||||||||||||||||||||||||
Regulatory Capital Requirements under Banking Regulations [Text Block] | 13 | Regulatory Matters | |||||||||||||||||||||||
The Company and the Banks capital amounts and ratios are as follows: | |||||||||||||||||||||||||
To Be Well | |||||||||||||||||||||||||
Capitalized Under | |||||||||||||||||||||||||
For Capital | Prompt Corrective | ||||||||||||||||||||||||
Actual | Adequacy Purposes | Action Provisions | |||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
As of March 31, 2015: | |||||||||||||||||||||||||
Total capital (to risk- weighted assets): | |||||||||||||||||||||||||
Consolidated | $ | 154,093 | 16.9 | % | $ | 73,103 | 8 | % | N/A | N/A | |||||||||||||||
Boone Bank & Trust | 14,066 | 15.8 | 7,105 | 8 | $ | 8,882 | 10 | % | |||||||||||||||||
First National Bank | 70,771 | 15.2 | 37,244 | 8 | 46,555 | 10 | |||||||||||||||||||
Reliance State Bank | 23,040 | 13.9 | 13,234 | 8 | 16,543 | 10 | |||||||||||||||||||
State Bank & Trust | 18,924 | 16.2 | 9,340 | 8 | 11,675 | 10 | |||||||||||||||||||
United Bank & Trust | 14,227 | 20.7 | 5,508 | 8 | 6,885 | 10 | |||||||||||||||||||
Tier 1 capital (to risk- weighted assets): | |||||||||||||||||||||||||
Consolidated | $ | 144,633 | 15.8 | % | $ | 54,827 | 6 | % | N/A | N/A | |||||||||||||||
Boone Bank & Trust | 13,199 | 14.9 | 5,329 | 6 | $ | 7,105 | 8 | % | |||||||||||||||||
First National Bank | 66,646 | 14.3 | 27,933 | 6 | 37,244 | 8 | |||||||||||||||||||
Reliance State Bank | 21,266 | 12.9 | 9,926 | 6 | 13,234 | 8 | |||||||||||||||||||
State Bank & Trust | 17,463 | 15 | 7,005 | 6 | 9,340 | 8 | |||||||||||||||||||
United Bank & Trust | 13,451 | 19.5 | 4,131 | 6 | 5,508 | 8 | |||||||||||||||||||
Tier 1 capital (to average- weighted assets): | |||||||||||||||||||||||||
Consolidated | $ | 144,633 | 11.1 | % | $ | 51,999 | 4 | % | N/A | N/A | |||||||||||||||
Boone Bank & Trust | 13,199 | 10.2 | 5,160 | 4 | $ | 6,450 | 5 | % | |||||||||||||||||
First National Bank | 66,646 | 9.5 | 28,012 | 4 | 35,015 | 5 | |||||||||||||||||||
Reliance State Bank | 21,266 | 10.3 | 8,267 | 4 | 10,334 | 5 | |||||||||||||||||||
State Bank & Trust | 17,463 | 10.8 | 6,489 | 4 | 8,111 | 5 | |||||||||||||||||||
United Bank & Trust | 13,451 | 12.4 | 4,326 | 4 | 5,407 | 5 | |||||||||||||||||||
Common equity tier 1 capital (to risk-weighted assets): | |||||||||||||||||||||||||
Consolidated | $ | 144,633 | 15.8 | % | $ | 41,121 | 4.5 | % | N/A | N/A | |||||||||||||||
Boone Bank & Trust | 13,199 | 14.9 | 3,997 | 4.5 | $ | 5,773 | 6.5 | % | |||||||||||||||||
First National Bank | 66,646 | 14.3 | 20,950 | 4.5 | 30,261 | 6.5 | |||||||||||||||||||
Reliance State Bank | 21,266 | 12.9 | 7,444 | 4.5 | 10,753 | 6.5 | |||||||||||||||||||
State Bank & Trust | 17,463 | 15 | 5,254 | 4.5 | 7,589 | 6.5 | |||||||||||||||||||
United Bank & Trust | 13,451 | 19.5 | 3,098 | 4.5 | 4,475 | 6.5 | |||||||||||||||||||
Actual | For Capital | To Be Well | |||||||||||||||||||||||
Adequacy Purposes | Capitalized Under | ||||||||||||||||||||||||
Prompt Corrective | |||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
As of December 31, 2014: | |||||||||||||||||||||||||
Total capital (to risk- weighted assets): | |||||||||||||||||||||||||
Consolidated | $ | 151,146 | 16.6 | % | $ | 72,879 | 8 | % | N/A | N/A | |||||||||||||||
Boone Bank & Trust | 13,948 | 15.7 | 7,123 | 8 | $ | 8,904 | 10 | % | |||||||||||||||||
First National Bank | 69,174 | 14.7 | 37,568 | 8 | 46,960 | 10 | |||||||||||||||||||
Reliance State Bank | 21,727 | 13.2 | 13,166 | 8 | 16,457 | 10 | |||||||||||||||||||
State Bank & Trust | 18,708 | 15.8 | 9,485 | 8 | 11,856 | 10 | |||||||||||||||||||
United Bank & Trust | 14,089 | 21.3 | 5,295 | 8 | 6,618 | 10 | |||||||||||||||||||
Tier 1 capital (to risk- weighted assets): | |||||||||||||||||||||||||
Consolidated | $ | 141,739 | 15.6 | % | $ | 36,440 | 4 | % | N/A | N/A | |||||||||||||||
Boone Bank & Trust | 13,084 | 14.7 | 3,562 | 4 | $ | 5,342 | 6 | % | |||||||||||||||||
First National Bank | 65,112 | 13.9 | 18,784 | 4 | 28,176 | 6 | |||||||||||||||||||
Reliance State Bank | 19,966 | 12.1 | 6,583 | 4 | 9,874 | 6 | |||||||||||||||||||
State Bank & Trust | 17,224 | 14.5 | 4,742 | 4 | 7,113 | 6 | |||||||||||||||||||
United Bank & Trust | 13,313 | 20.1 | 2,647 | 4 | 3,971 | 6 | |||||||||||||||||||
Tier 1 capital (to average- weighted assets): | |||||||||||||||||||||||||
Consolidated | $ | 141,739 | 11 | % | $ | 51,604 | 4 | % | N/A | N/A | |||||||||||||||
Boone Bank & Trust | 13,084 | 9.8 | 5,325 | 4 | $ | 6,656 | 5 | % | |||||||||||||||||
First National Bank | 65,112 | 9.4 | 27,671 | 4 | 34,589 | 5 | |||||||||||||||||||
Reliance State Bank | 19,966 | 9.6 | 8,321 | 4 | 10,402 | 5 | |||||||||||||||||||
State Bank & Trust | 17,224 | 10.9 | 6,318 | 4 | 7,898 | 5 | |||||||||||||||||||
United Bank & Trust | 13,313 | 12.3 | 4,315 | 4 | 5,394 | 5 | |||||||||||||||||||
The March 31, 2015 capital ratios are calculated under the Basel III capital rules that became effective on January 1, 2015. Prior period capital ratios were calculated under the prompt corrective capital rules that were in effect for those periods. | |||||||||||||||||||||||||
As disclosed in the Company's Form 10-K filed with the Securities and Exchange Commission on March 12, 2015, in July 2013, the Federal Reserve Board and the FDIC issued final rules implementing the Basel III regulatory capital framework and related Dodd-Frank Wall Street Reform and Consumer Protection Act changes. The rules revise minimum capital requirements and adjust prompt corrective action thresholds. The final rules revise the regulatory capital elements, add a new common equity Tier I capital ratio, increase the minimum Tier 1 capital ratio requirements and implement a new capital conservation buffer. The rules also permit certain banking organizations to retain, through a one-time election, the existing treatment for accumulated other comprehensive income. The Company and the Banks have made the election to retain the existing treatment for accumulated other comprehensive income. The final rules took effect for the Company and the Banks on January 1, 2015, subject to a transition period for certain parts of the rules. | |||||||||||||||||||||||||
The March 31, 2015 table above includes the new regulatory capital ratio requirements that became effective on January 1, 2015. Beginning in 2016, an additional capital conservation buffer will be added to the minimum requirements for capital adequacy purposes, subject to a three year phase-in period. The capital conservation buffer will be fully phased-in on January 1, 2019 at 2.5 percent. A banking organization with a conservation buffer of less than 2.5 percent (or the required phase-in amount in years prior to 2019) will be subject to limitations on capital distributions, including dividend payments and certain discretionary bonus payments to executive officers. At the present time, the ratios for the Company and the Banks are sufficient to meet the fully phased-in conservation buffer. |
Note_14_Subsequent_Events
Note 14 - Subsequent Events | 3 Months Ended |
Mar. 31, 2015 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | 14. Subsequent Events |
Management evaluated subsequent events through the date the financial statements were issued. There were no significant events or transactions occurring after March 31, 2015, but prior to May 7, 2015, that provided additional evidence about conditions that existed at March 31, 2015. There were no other significant events or transactions that provided evidence about conditions that did not exist at March 31, 2015. |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 3 Months Ended |
Mar. 31, 2015 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | The consolidated financial statements for the three months ended March 31, 2015 and 2014 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, 2014 (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, Goodwill, 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 March 31, 2015, Company management has performed a goodwill impairment analysis and determined goodwill was not impaired. |
Note_2_Branch_Acquisition_Tabl
Note 2 - Branch Acquisition (Tables) | 3 Months Ended | ||||
Mar. 31, 2015 | |||||
Business Combinations [Abstract] | |||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Cash consideration transferred | $ | 4,147,680 | ||
Recognized amounts of identifiable assets acquired and liabilities assumed: | |||||
Cash and Due from Banks | $ | 20,576,661 | |||
Interest bearing deposits in financial institutions | 5,719,000 | ||||
Securities available-for-sale | 10,602,454 | ||||
Loans receivable | 44,620,021 | ||||
Accrued interest receivable | 230,332 | ||||
Bank premises and equipment | 3,864,900 | ||||
Other real estate owned | 1,267,720 | ||||
Core deposit intangible asset | 1,018,000 | ||||
Other assets | 748,511 | ||||
Deposits | (81,962,650 | ) | |||
Securities sold under agreements to repurchase | (2,815,297 | ) | |||
Accrued interest payable and other liabilities | (853,439 | ) | |||
Total identifiable net assets | $ | 3,016,213 | |||
Goodwill | $ | 1,131,467 | |||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Pass | $ | 29,840,000 | ||
Watch | 6,659,000 | ||||
Special Mention | 1,478,000 | ||||
Substandard | 5,460,000 | ||||
Deteriorated credit | 2,147,000 | ||||
Total loans acquired at book value | $ | 45,584,000 |
Note_6_Fair_Value_Measurements1
Note 6 - Fair Value Measurements (Tables) | 3 Months Ended | |||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ||||||||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Description | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
2015 | ||||||||||||||||||
U.S. government treasuries | $ | 1,472 | $ | 1,472 | $ | - | $ | - | ||||||||||
U.S. government agencies | 100,856 | - | 100,856 | - | ||||||||||||||
U.S. government mortgage-backed securities | 115,948 | - | 115,948 | - | ||||||||||||||
State and political subdivisions | 284,033 | - | 284,033 | - | ||||||||||||||
Corporate bonds | 48,600 | - | 48,600 | - | ||||||||||||||
Equity securities, common stock | 745 | 745 | - | - | ||||||||||||||
Equity securities, other | 2,996 | - | 2,996 | - | ||||||||||||||
$ | 554,650 | $ | 2,217 | $ | 552,433 | $ | - | |||||||||||
2014 | ||||||||||||||||||
U.S. government treasuries | $ | 1,447 | $ | 1,447 | $ | - | $ | - | ||||||||||
U.S. government agencies | 87,307 | - | 87,307 | - | ||||||||||||||
U.S. government mortgage-backed securities | 120,985 | - | 120,985 | - | ||||||||||||||
State and political subdivisions | 281,776 | - | 281,776 | - | ||||||||||||||
Corporate bonds | 47,320 | - | 47,320 | - | ||||||||||||||
Equity securities, common stock | 758 | 758 | - | - | ||||||||||||||
Equity securities, other | 2,909 | - | 2,909 | - | ||||||||||||||
$ | 542,502 | $ | 2,205 | $ | 540,297 | $ | - | |||||||||||
Fair Value Measurements, Nonrecurring [Table Text Block] | Description | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
2015 | ||||||||||||||||||
Loans receivable | $ | 684 | $ | - | $ | - | $ | 684 | ||||||||||
Other real estate owned | 7,366 | - | - | 7,366 | ||||||||||||||
Total | $ | 8,050 | $ | - | $ | - | $ | 8,050 | ||||||||||
2014 | ||||||||||||||||||
Loans receivable | $ | 692 | $ | - | $ | - | $ | 692 | ||||||||||
Other real estate owned | 8,436 | - | - | 8,436 | ||||||||||||||
Total | $ | 9,128 | $ | - | $ | - | $ | 9,128 | ||||||||||
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | 2015 | |||||||||||||||||
Estimated | Valuation | Range of | Range | |||||||||||||||
Fair Value | Techniques | Unobservable Inputs | (Average) | |||||||||||||||
Impaired Loans | $ | 684 | Evaluation of collateral | Estimation of value | NM* | |||||||||||||
Other real estate owned | $ | 7,366 | Appraisal | Appraisal adjustment | 6% | - | 10% | (8% | ) | |||||||||
2014 | ||||||||||||||||||
Estimated | Valuation | Range of | Range | |||||||||||||||
Fair Value | Techniques | Unobservable Inputs | (Average) | |||||||||||||||
Impaired Loans | $ | 692 | Evaluation of collateral | Estimation of value | NM* | |||||||||||||
Other real estate owned | $ | 8,436 | Appraisal | Appraisal adjustment | 4% | - | 10% | (7% | ) | |||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | 2015 | 2014 | ||||||||||||||||
Fair Value | Estimated | Estimated | ||||||||||||||||
Hierarchy | Carrying | Fair | Carrying | Fair | ||||||||||||||
Level | Amount | Value | Amount | Value | ||||||||||||||
Financial assets: | ||||||||||||||||||
Cash and due from banks | Level 1 | $ | 24,944 | $ | 24,944 | $ | 23,730 | $ | 23,730 | |||||||||
Federal funds sold | Level 1 | - | - | 6 | 6 | |||||||||||||
Interest bearing deposits | Level 1 | 62,209 | 62,209 | 31,463 | 31,463 | |||||||||||||
Securities available-for-sale | See previous table | 554,650 | 554,650 | 542,502 | 542,502 | |||||||||||||
Loans receivable, net | Level 2 | 660,790 | 661,330 | 658,441 | 656,896 | |||||||||||||
Loans held for sale | Level 2 | 352 | 352 | 705 | 705 | |||||||||||||
Accrued income receivable | Level 1 | 7,518 | 7,518 | 7,471 | 7,471 | |||||||||||||
Financial liabilities: | ||||||||||||||||||
Deposits | Level 2 | $ | 1,082,790 | $ | 1,084,437 | $ | 1,052,123 | $ | 1,052,082 | |||||||||
Securities sold under agreements to repurchase | Level 1 | 58,801 | 58,801 | 51,265 | 51,265 | |||||||||||||
FHLB advances | Level 2 | 14,449 | 15,302 | 14,468 | 15,281 | |||||||||||||
Other borrowings | Level 2 | 22,945 | 24,176 | 23,000 | 24,339 | |||||||||||||
Accrued interest payable | Level 1 | 480 | 480 | 536 | 536 |
Note_7_Debt_and_Equity_Securit1
Note 7 - Debt and Equity Securities (Tables) | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | 2015:00:00 | Gross | Gross | ||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Estimated | ||||||||||||||||||||||
Cost | Gains | Losses | Fair Value | ||||||||||||||||||||||
U.S. government treasuries | $ | 1,435 | $ | 37 | $ | - | $ | 1,472 | |||||||||||||||||
U.S. government agencies | 99,548 | 1,464 | (156 | ) | 100,856 | ||||||||||||||||||||
U.S. government mortgage-backed securities | 112,732 | 3,216 | - | 115,948 | |||||||||||||||||||||
State and political subdivisions | 278,529 | 5,765 | (261 | ) | 284,033 | ||||||||||||||||||||
Corporate bonds | 48,192 | 706 | (298 | ) | 48,600 | ||||||||||||||||||||
Equity securities, common stock | 630 | 115 | - | 745 | |||||||||||||||||||||
Equity securities, other | 2,996 | - | - | 2,996 | |||||||||||||||||||||
$ | 544,062 | $ | 11,303 | $ | (715 | ) | $ | 554,650 | |||||||||||||||||
2014:00:00 | Gross | Gross | |||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Estimated | ||||||||||||||||||||||
Cost | Gains | Losses | Fair Value | ||||||||||||||||||||||
U.S. government treasuries | $ | 1,431 | $ | 16 | $ | - | $ | 1,447 | |||||||||||||||||
U.S. government agencies | 86,997 | 822 | (512 | ) | 87,307 | ||||||||||||||||||||
U.S. government mortgage-backed securities | 118,349 | 2,744 | (108 | ) | 120,985 | ||||||||||||||||||||
State and political subdivisions | 277,328 | 5,097 | (649 | ) | 281,776 | ||||||||||||||||||||
Corporate bonds | 47,760 | 471 | (911 | ) | 47,320 | ||||||||||||||||||||
Equity securities, common stock | 630 | 128 | - | 758 | |||||||||||||||||||||
Equity securities, other | 2,909 | - | - | 2,909 | |||||||||||||||||||||
$ | 535,404 | $ | 9,278 | $ | (2,180 | ) | $ | 542,502 | |||||||||||||||||
Realized Gain (Loss) on Investments [Table Text Block] | Three Months Ended | ||||||||||||||||||||||||
March 31, | |||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||
Proceeds from sales of securities available-for-sale | $ | 517 | $ | 3,479 | |||||||||||||||||||||
Gross realized gains on securities available-for-sale | 5 | 135 | |||||||||||||||||||||||
Gross realized losses on securities available-for-sale | - | - | |||||||||||||||||||||||
Tax provision applicable to net realized gains on securities available-for-sale | 2 | 50 | |||||||||||||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | Less than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
2015:00:00 | Estimated Fair Value | Unrealized Losses | Estimated Fair Value | Unrealized Losses | Estimated Fair Value | Unrealized Losses | |||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. government agencies | $ | 12,489 | $ | (59 | ) | $ | 7,857 | $ | (97 | ) | $ | 20,346 | $ | (156 | ) | ||||||||||
State and political subdivisions | 26,025 | (169 | ) | 8,141 | (92 | ) | 34,166 | (261 | ) | ||||||||||||||||
Corporate bonds | 2,629 | (5 | ) | 16,936 | (293 | ) | 19,565 | (298 | ) | ||||||||||||||||
$ | 41,143 | $ | (233 | ) | $ | 32,934 | $ | (482 | ) | $ | 74,077 | $ | (715 | ) | |||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
2014:00:00 | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | |||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. government agencies | $ | 14,016 | $ | (64 | ) | $ | 17,523 | $ | (448 | ) | $ | 31,539 | $ | (512 | ) | ||||||||||
U.S. government mortgage-backed securities | 6,934 | (20 | ) | 16,123 | (88 | ) | 23,057 | (108 | ) | ||||||||||||||||
State and political subdivisions | 45,618 | (252 | ) | 24,880 | (397 | ) | 70,498 | (649 | ) | ||||||||||||||||
Corporate bonds | 89,637 | (73 | ) | 20,724 | (838 | ) | 110,361 | (911 | ) | ||||||||||||||||
$ | 156,205 | $ | (409 | ) | $ | 79,250 | $ | (1,771 | ) | $ | 235,455 | $ | (2,180 | ) |
Note_8_Loan_Receivable_and_Cre1
Note 8 - Loan Receivable and Credit Disclosures (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | |||||||||||||||||||||||||||||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Three Months Ended March 31, 2015 | ||||||||||||||||||||||||||||||||
1-4 Family | |||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Agricultural | Consumer | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Real Estate | Commercial | Agricultural | and Other | Total | ||||||||||||||||||||||||||
Balance, December 31, 2014 | $ | 495 | $ | 1,648 | $ | 3,214 | $ | 737 | $ | 1,247 | $ | 1,312 | $ | 186 | $ | 8,839 | |||||||||||||||||
Provision (credit) for loan losses | 36 | 100 | 24 | 32 | (111 | ) | (14 | ) | 10 | 77 | |||||||||||||||||||||||
Recoveries of loans charged-off | 5 | 4 | - | - | 1 | 1 | 1 | 12 | |||||||||||||||||||||||||
Loans charged-off | - | - | - | - | - | (2 | ) | - | (2 | ) | |||||||||||||||||||||||
Balance, March 31, 2015 | $ | 536 | $ | 1,752 | $ | 3,238 | $ | 769 | $ | 1,137 | $ | 1,297 | $ | 197 | $ | 8,926 | |||||||||||||||||
Three Months Ended March 31, 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 | 48 | 18 | (31 | ) | 45 | (31 | ) | (58 | ) | 48 | 39 | ||||||||||||||||||||||
Recoveries of loans charged-off | - | 4 | - | - | 1 | - | 5 | 10 | |||||||||||||||||||||||||
Loans charged-off | - | (5 | ) | - | - | - | - | (48 | ) | (53 | ) | ||||||||||||||||||||||
Balance, March 31, 2014 | $ | 440 | $ | 1,540 | $ | 3,199 | $ | 731 | $ | 1,405 | $ | 1,107 | $ | 146 | $ | 8,568 | |||||||||||||||||
Allowance for Loan Losses Disaggregated on Basis of Impairment Analysis Method [Table Text Block] | 2015 | 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 | $ | - | $ | 247 | $ | 30 | $ | - | $ | 50 | $ | - | $ | - | $ | 327 | |||||||||||||||||
Collectively evaluated for impairment | 536 | 1,505 | 3,208 | 769 | 1,087 | 1,297 | 197 | 8,599 | |||||||||||||||||||||||||
Balance March 31, 2015 | $ | 536 | $ | 1,752 | $ | 3,238 | $ | 769 | $ | 1,137 | $ | 1,297 | $ | 197 | $ | 8,926 | |||||||||||||||||
2014 | 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 | $ | - | $ | 244 | $ | 33 | $ | - | $ | 60 | $ | - | $ | - | $ | 337 | |||||||||||||||||
Collectively evaluated for impairment | 495 | 1,524 | 3,181 | 737 | 1,067 | 1,312 | 186 | 8,502 | |||||||||||||||||||||||||
Balance December 31, 2014 | $ | 495 | $ | 1,768 | $ | 3,214 | $ | 737 | $ | 1,127 | $ | 1,312 | $ | 186 | $ | 8,839 | |||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | 2015 | 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 | $ | 189 | $ | 897 | $ | 745 | $ | - | $ | 537 | $ | 11 | $ | 2 | $ | 2,381 | |||||||||||||||||
Collectively evaluated for impairment | 38,253 | 119,436 | 263,550 | 61,064 | 91,537 | 76,741 | 16,838 | 667,419 | |||||||||||||||||||||||||
Balance March 31, 2015 | $ | 38,442 | $ | 120,333 | $ | 264,295 | $ | 61,064 | $ | 92,074 | $ | 76,752 | $ | 16,840 | $ | 669,800 | |||||||||||||||||
2014 | 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 | $ | 195 | $ | 811 | $ | 833 | $ | - | $ | 540 | $ | 19 | $ | 9 | $ | 2,407 | |||||||||||||||||
Collectively evaluated for impairment | 35,821 | 121,966 | 256,221 | 57,449 | 92,163 | 85,590 | 15,754 | 664,964 | |||||||||||||||||||||||||
Balance December 31, 2014 | $ | 36,016 | $ | 122,777 | $ | 257,054 | $ | 57,449 | $ | 92,703 | $ | 85,609 | $ | 15,763 | $ | 667,371 | |||||||||||||||||
Impaired Financing Receivables [Table Text Block] | 2015 | 2014 | |||||||||||||||||||||||||||||||
Unpaid | Unpaid | ||||||||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Principal | Related | ||||||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Balance | Allowance | ||||||||||||||||||||||||||||
With no specific reserve recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | $ | 189 | $ | 343 | $ | - | $ | 195 | $ | 346 | $ | - | |||||||||||||||||||||
Real estate - 1 to 4 family residential | 119 | 122 | - | 24 | 29 | - | |||||||||||||||||||||||||||
Real estate - commercial | 590 | 1,132 | - | 675 | 1,204 | - | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial | 459 | 535 | - | 456 | 535 | - | |||||||||||||||||||||||||||
Agricultural | 11 | 11 | - | 19 | 19 | - | |||||||||||||||||||||||||||
Consumer and other | 2 | 2 | - | 9 | 6 | - | |||||||||||||||||||||||||||
Total loans with no specific reserve: | 1,370 | 2,145 | - | 1,378 | 2,139 | - | |||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | - | - | - | - | - | - | |||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 778 | 898 | 247 | 787 | 903 | 244 | |||||||||||||||||||||||||||
Real estate - commercial | 155 | 157 | 30 | 158 | 158 | 33 | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial | 78 | 78 | 50 | 84 | 84 | 60 | |||||||||||||||||||||||||||
Agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | |||||||||||||||||||||||||||
Total loans with specific reserve: | 1,011 | 1,133 | 327 | 1,029 | 1,145 | 337 | |||||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||||||
Real estate - construction | 189 | 343 | - | 195 | 346 | - | |||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 897 | 1,020 | 247 | 811 | 932 | 244 | |||||||||||||||||||||||||||
Real estate - commercial | 745 | 1,289 | 30 | 833 | 1,362 | 33 | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||||
Commercial | 537 | 613 | 50 | 540 | 619 | 60 | |||||||||||||||||||||||||||
Agricultural | 11 | 11 | - | 19 | 19 | - | |||||||||||||||||||||||||||
Consumer and other | 2 | 2 | - | 9 | 6 | - | |||||||||||||||||||||||||||
$ | 2,381 | $ | 3,278 | $ | 327 | $ | 2,407 | $ | 3,284 | $ | 337 | ||||||||||||||||||||||
Average Investment in Impaired Loans and Interest Income Recognized [Table Text Block] | Three Months Ended March 31, | ||||||||||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||||||
With no specific reserve recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | $ | 192 | $ | - | $ | 503 | $ | - | |||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 72 | - | 274 | 5 | |||||||||||||||||||||||||||||
Real estate - commercial | 633 | - | 262 | 28 | |||||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | |||||||||||||||||||||||||||||
Commercial | 458 | 3 | 43 | - | |||||||||||||||||||||||||||||
Agricultural | 15 | - | 19 | - | |||||||||||||||||||||||||||||
Consumer and other | 6 | 1 | 38 | - | |||||||||||||||||||||||||||||
Total loans with no specific reserve: | 1,376 | 4 | 1,139 | 33 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Real estate - construction | - | - | - | - | |||||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 783 | - | 349 | - | |||||||||||||||||||||||||||||
Real estate - commercial | 157 | - | 46 | - | |||||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | |||||||||||||||||||||||||||||
Commercial | 81 | - | 764 | - | |||||||||||||||||||||||||||||
Agricultural | - | - | 5 | - | |||||||||||||||||||||||||||||
Consumer and other | - | - | - | - | |||||||||||||||||||||||||||||
Total loans with specific reserve: | 1,021 | - | 1,164 | - | |||||||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||||||
Real estate - construction | 192 | - | 503 | - | |||||||||||||||||||||||||||||
Real estate - 1 to 4 family residential | 855 | - | 623 | 5 | |||||||||||||||||||||||||||||
Real estate - commercial | 790 | - | 308 | 28 | |||||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | - | |||||||||||||||||||||||||||||
Commercial | 539 | 3 | 807 | - | |||||||||||||||||||||||||||||
Agricultural | 15 | - | 24 | - | |||||||||||||||||||||||||||||
Consumer and other | 6 | 1 | 38 | - | |||||||||||||||||||||||||||||
$ | 2,397 | $ | 4 | $ | 2,303 | $ | 33 | ||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Three Months Ended March 31, | ||||||||||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||||||||||
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 | - | - | - | - | - | - | |||||||||||||||||||||||||||
Agricultural | - | - | - | 1 | 19 | 19 | |||||||||||||||||||||||||||
Consumer and other | - | - | - | 1 | 6 | 6 | |||||||||||||||||||||||||||
- | $ | - | $ | - | 3 | $ | 68 | $ | 68 | ||||||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | 2015 | 90 Days | 90 Days | ||||||||||||||||||||||||||||||
30-89 | or Greater | Total | or Greater | ||||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Current | Total | Accruing | ||||||||||||||||||||||||||||
Real estate - construction | $ | - | $ | - | $ | - | $ | 38,442 | $ | 38,442 | $ | - | |||||||||||||||||||||
Real estate - 1 to 4 family residential | 514 | 199 | 713 | 119,620 | 120,333 | 8 | |||||||||||||||||||||||||||
Real estate - commercial | - | - | - | 264,295 | 264,295 | - | |||||||||||||||||||||||||||
Real estate - agricultural | - | - | - | 61,064 | 61,064 | - | |||||||||||||||||||||||||||
Commercial | 473 | 94 | 567 | 91,507 | 92,074 | - | |||||||||||||||||||||||||||
Agricultural | 327 | - | 327 | 76,425 | 76,752 | - | |||||||||||||||||||||||||||
Consumer and other | 29 | - | 29 | 16,811 | 16,840 | - | |||||||||||||||||||||||||||
$ | 1,343 | $ | 293 | $ | 1,636 | $ | 668,164 | $ | 669,800 | $ | 8 | ||||||||||||||||||||||
2014 | 90 Days | 90 Days | |||||||||||||||||||||||||||||||
30-89 | or Greater | Total | or Greater | ||||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Current | Total | Accruing | ||||||||||||||||||||||||||||
Real estate - construction | $ | 64 | $ | - | $ | 64 | $ | 35,952 | $ | 36,016 | $ | - | |||||||||||||||||||||
Real estate - 1 to 4 family residential | 888 | 57 | 945 | 121,832 | 122,777 | 36 | |||||||||||||||||||||||||||
Real estate - commercial | 467 | 45 | 512 | 256,542 | 257,054 | - | |||||||||||||||||||||||||||
Real estate - agricultural | 28 | - | 28 | 57,421 | 57,449 | - | |||||||||||||||||||||||||||
Commercial | 264 | 84 | 348 | 92,355 | 92,703 | - | |||||||||||||||||||||||||||
Agricultural | - | - | - | 85,609 | 85,609 | - | |||||||||||||||||||||||||||
Consumer and other | 63 | - | 63 | 15,700 | 15,763 | - | |||||||||||||||||||||||||||
$ | 1,774 | $ | 186 | $ | 1,960 | $ | 665,411 | $ | 667,371 | $ | 36 | ||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | 2015 | Construction | Commercial | Agricultural | |||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Commercial | Agricultural | Total | ||||||||||||||||||||||||||||
Pass | $ | 32,488 | $ | 231,612 | $ | 54,434 | $ | 77,919 | $ | 69,023 | $ | 465,476 | |||||||||||||||||||||
Watch | 3,764 | 18,490 | 6,307 | 11,110 | 7,447 | 47,118 | |||||||||||||||||||||||||||
Special Mention | - | 1,117 | - | 474 | 81 | 1,672 | |||||||||||||||||||||||||||
Substandard | 2,001 | 12,331 | 323 | 2,034 | 190 | 16,879 | |||||||||||||||||||||||||||
Substandard-Impaired | 189 | 745 | - | 537 | 11 | 1,482 | |||||||||||||||||||||||||||
$ | 38,442 | $ | 264,295 | $ | 61,064 | $ | 92,074 | $ | 76,752 | $ | 532,627 | ||||||||||||||||||||||
2014 | Construction | Commercial | Agricultural | ||||||||||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Commercial | Agricultural | Total | ||||||||||||||||||||||||||||
Pass | $ | 30,055 | $ | 223,775 | $ | 51,024 | $ | 79,117 | $ | 78,387 | $ | 462,358 | |||||||||||||||||||||
Watch | 3,893 | 18,617 | 6,275 | 10,086 | 6,827 | 45,698 | |||||||||||||||||||||||||||
Special Mention | - | 1,296 | 88 | 585 | - | 1,969 | |||||||||||||||||||||||||||
Substandard | 1,873 | 12,532 | 62 | 2,376 | 395 | 17,238 | |||||||||||||||||||||||||||
Substandard-Impaired | 195 | 834 | - | 539 | - | 1,568 | |||||||||||||||||||||||||||
$ | 36,016 | $ | 257,054 | $ | 57,449 | $ | 92,703 | $ | 85,609 | $ | 528,831 | ||||||||||||||||||||||
Credit Risk Profile Based on Payment Activity on Disaggregated Basis [Table Text Block] | 2015 | 1-4 Family | |||||||||||||||||||||||||||||||
Residential | Consumer | ||||||||||||||||||||||||||||||||
Real Estate | and Other | Total | |||||||||||||||||||||||||||||||
Performing | $ | 119,396 | $ | 16,840 | $ | 136,236 | |||||||||||||||||||||||||||
Non-performing | 937 | - | 937 | ||||||||||||||||||||||||||||||
$ | 120,333 | $ | 16,840 | $ | 137,173 | ||||||||||||||||||||||||||||
2014 | 1-4 Family | ||||||||||||||||||||||||||||||||
Residential | Consumer | ||||||||||||||||||||||||||||||||
Real Estate | and Other | Total | |||||||||||||||||||||||||||||||
Performing | $ | 121,928 | $ | 15,756 | $ | 137,684 | |||||||||||||||||||||||||||
Non-performing | 849 | 7 | 856 | ||||||||||||||||||||||||||||||
$ | 122,777 | $ | 15,763 | $ | 138,540 |
Note_9_Other_Real_Estate_Owned1
Note 9 - Other Real Estate Owned (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Disclosure Text Block [Abstract] | |||||||||
Other Real Estate, Roll Forward [Table Text Block] | 2015 | 2014 | |||||||
Construction and land development | $ | 5,386 | $ | 6,751 | |||||
1 to 4 family residential real estate | 1,149 | 1,316 | |||||||
Commercial real estate | 831 | 814 | |||||||
$ | 7,366 | $ | 8,881 |
Note_11_Core_Deposit_Intangibl1
Note 11 - Core Deposit Intangible Asset (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||
Disclosure Text Block [Abstract] | |||||||||||||||||
Finite-lived Intangible Assets Amortization Expense [Table Text Block] | 2015 | 2014 | |||||||||||||||
Gross | Accumulated | Gross | Accumulated | ||||||||||||||
Amount | Amortization | Amount | Amortization | ||||||||||||||
Core deposit intangible asset | $ | 2,518 | $ | 901 | $ | 2,518 | $ | 788 | |||||||||
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Three Months Ended | ||||||||||||||||
March 31, | |||||||||||||||||
2015 | 2014 | ||||||||||||||||
Beginning core deposit intangible, net | $ | 1,730 | $ | 1,029 | |||||||||||||
Amortization | (113 | ) | (65 | ) | |||||||||||||
Ending core deposit intangible, net | $ | 1,617 | $ | 964 | |||||||||||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | 2015 | $ | 308 | ||||||||||||||
2016 | 354 | ||||||||||||||||
2017 | 299 | ||||||||||||||||
2018 | 251 | ||||||||||||||||
2019 | 127 | ||||||||||||||||
2020 | 71 | ||||||||||||||||
After | 207 | ||||||||||||||||
$ | 1,617 |
Note_12_Secured_Borrowings_Tab
Note 12 - Secured Borrowings (Tables) | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||
Debt Disclosure [Abstract] | |||||||||||||||||||||||||
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block] | 2015 | 2014 | |||||||||||||||||||||||
Remaining Contractual Matruity of the Agreements | |||||||||||||||||||||||||
Overnight | Greater than | Total | Overnight | Greater than | Total | ||||||||||||||||||||
90 days | 90 days | ||||||||||||||||||||||||
Securities sold under agreements to repurchase: | |||||||||||||||||||||||||
U.S. government treasuries | $ | 1,471 | $ | - | $ | 1,471 | $ | 1,447 | $ | - | $ | 1,447 | |||||||||||||
U.S. government agencies | 50,826 | - | 50,826 | 46,880 | - | 46,880 | |||||||||||||||||||
U.S. government mortgage-backed securities | 50,029 | - | 50,029 | 51,472 | - | 51,472 | |||||||||||||||||||
Total | $ | 102,326 | $ | - | $ | 102,326 | $ | 99,799 | $ | - | $ | 99,799 | |||||||||||||
Term repurchase agreements: | |||||||||||||||||||||||||
U.S. government agencies | $ | - | $ | 12,208 | $ | 12,208 | $ | - | $ | 12,151 | $ | 12,151 | |||||||||||||
U.S. government mortgage-backed securities | - | 1,620 | 1,620 | - | 1,771 | 1,771 | |||||||||||||||||||
Total | $ | - | $ | 13,828 | $ | 13,828 | $ | - | $ | 13,922 | $ | 13,922 | |||||||||||||
Total borrowings | $ | 102,326 | $ | 13,828 | $ | 116,154 | $ | 99,799 | $ | 13,922 | $ | 113,721 |
Note_13_Regulatory_Matters_Tab
Note 13 - Regulatory Matters (Tables) | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | |||||||||||||||||||||||||
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | To Be Well | ||||||||||||||||||||||||
Capitalized Under | |||||||||||||||||||||||||
For Capital | Prompt Corrective | ||||||||||||||||||||||||
Actual | Adequacy Purposes | Action Provisions | |||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
As of March 31, 2015: | |||||||||||||||||||||||||
Total capital (to risk- weighted assets): | |||||||||||||||||||||||||
Consolidated | $ | 154,093 | 16.9 | % | $ | 73,103 | 8 | % | N/A | N/A | |||||||||||||||
Boone Bank & Trust | 14,066 | 15.8 | 7,105 | 8 | $ | 8,882 | 10 | % | |||||||||||||||||
First National Bank | 70,771 | 15.2 | 37,244 | 8 | 46,555 | 10 | |||||||||||||||||||
Reliance State Bank | 23,040 | 13.9 | 13,234 | 8 | 16,543 | 10 | |||||||||||||||||||
State Bank & Trust | 18,924 | 16.2 | 9,340 | 8 | 11,675 | 10 | |||||||||||||||||||
United Bank & Trust | 14,227 | 20.7 | 5,508 | 8 | 6,885 | 10 | |||||||||||||||||||
Tier 1 capital (to risk- weighted assets): | |||||||||||||||||||||||||
Consolidated | $ | 144,633 | 15.8 | % | $ | 54,827 | 6 | % | N/A | N/A | |||||||||||||||
Boone Bank & Trust | 13,199 | 14.9 | 5,329 | 6 | $ | 7,105 | 8 | % | |||||||||||||||||
First National Bank | 66,646 | 14.3 | 27,933 | 6 | 37,244 | 8 | |||||||||||||||||||
Reliance State Bank | 21,266 | 12.9 | 9,926 | 6 | 13,234 | 8 | |||||||||||||||||||
State Bank & Trust | 17,463 | 15 | 7,005 | 6 | 9,340 | 8 | |||||||||||||||||||
United Bank & Trust | 13,451 | 19.5 | 4,131 | 6 | 5,508 | 8 | |||||||||||||||||||
Tier 1 capital (to average- weighted assets): | |||||||||||||||||||||||||
Consolidated | $ | 144,633 | 11.1 | % | $ | 51,999 | 4 | % | N/A | N/A | |||||||||||||||
Boone Bank & Trust | 13,199 | 10.2 | 5,160 | 4 | $ | 6,450 | 5 | % | |||||||||||||||||
First National Bank | 66,646 | 9.5 | 28,012 | 4 | 35,015 | 5 | |||||||||||||||||||
Reliance State Bank | 21,266 | 10.3 | 8,267 | 4 | 10,334 | 5 | |||||||||||||||||||
State Bank & Trust | 17,463 | 10.8 | 6,489 | 4 | 8,111 | 5 | |||||||||||||||||||
United Bank & Trust | 13,451 | 12.4 | 4,326 | 4 | 5,407 | 5 | |||||||||||||||||||
Common equity tier 1 capital (to risk-weighted assets): | |||||||||||||||||||||||||
Consolidated | $ | 144,633 | 15.8 | % | $ | 41,121 | 4.5 | % | N/A | N/A | |||||||||||||||
Boone Bank & Trust | 13,199 | 14.9 | 3,997 | 4.5 | $ | 5,773 | 6.5 | % | |||||||||||||||||
First National Bank | 66,646 | 14.3 | 20,950 | 4.5 | 30,261 | 6.5 | |||||||||||||||||||
Reliance State Bank | 21,266 | 12.9 | 7,444 | 4.5 | 10,753 | 6.5 | |||||||||||||||||||
State Bank & Trust | 17,463 | 15 | 5,254 | 4.5 | 7,589 | 6.5 | |||||||||||||||||||
United Bank & Trust | 13,451 | 19.5 | 3,098 | 4.5 | 4,475 | 6.5 | |||||||||||||||||||
Actual | For Capital | To Be Well | |||||||||||||||||||||||
Adequacy Purposes | Capitalized Under | ||||||||||||||||||||||||
Prompt Corrective | |||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
As of December 31, 2014: | |||||||||||||||||||||||||
Total capital (to risk- weighted assets): | |||||||||||||||||||||||||
Consolidated | $ | 151,146 | 16.6 | % | $ | 72,879 | 8 | % | N/A | N/A | |||||||||||||||
Boone Bank & Trust | 13,948 | 15.7 | 7,123 | 8 | $ | 8,904 | 10 | % | |||||||||||||||||
First National Bank | 69,174 | 14.7 | 37,568 | 8 | 46,960 | 10 | |||||||||||||||||||
Reliance State Bank | 21,727 | 13.2 | 13,166 | 8 | 16,457 | 10 | |||||||||||||||||||
State Bank & Trust | 18,708 | 15.8 | 9,485 | 8 | 11,856 | 10 | |||||||||||||||||||
United Bank & Trust | 14,089 | 21.3 | 5,295 | 8 | 6,618 | 10 | |||||||||||||||||||
Tier 1 capital (to risk- weighted assets): | |||||||||||||||||||||||||
Consolidated | $ | 141,739 | 15.6 | % | $ | 36,440 | 4 | % | N/A | N/A | |||||||||||||||
Boone Bank & Trust | 13,084 | 14.7 | 3,562 | 4 | $ | 5,342 | 6 | % | |||||||||||||||||
First National Bank | 65,112 | 13.9 | 18,784 | 4 | 28,176 | 6 | |||||||||||||||||||
Reliance State Bank | 19,966 | 12.1 | 6,583 | 4 | 9,874 | 6 | |||||||||||||||||||
State Bank & Trust | 17,224 | 14.5 | 4,742 | 4 | 7,113 | 6 | |||||||||||||||||||
United Bank & Trust | 13,313 | 20.1 | 2,647 | 4 | 3,971 | 6 | |||||||||||||||||||
Tier 1 capital (to average- weighted assets): | |||||||||||||||||||||||||
Consolidated | $ | 141,739 | 11 | % | $ | 51,604 | 4 | % | N/A | N/A | |||||||||||||||
Boone Bank & Trust | 13,084 | 9.8 | 5,325 | 4 | $ | 6,656 | 5 | % | |||||||||||||||||
First National Bank | 65,112 | 9.4 | 27,671 | 4 | 34,589 | 5 | |||||||||||||||||||
Reliance State Bank | 19,966 | 9.6 | 8,321 | 4 | 10,402 | 5 | |||||||||||||||||||
State Bank & Trust | 17,224 | 10.9 | 6,318 | 4 | 7,898 | 5 | |||||||||||||||||||
United Bank & Trust | 13,313 | 12.3 | 4,315 | 4 | 5,394 | 5 |
Note_1_Significant_Accounting_1
Note 1 - Significant Accounting Policies (Details) (USD $) | 3 Months Ended |
Mar. 31, 2015 | |
Accounting Policies [Abstract] | |
Goodwill, Impairment Loss | $0 |
Note_2_Branch_Acquisition_Deta
Note 2 - Branch Acquisition (Details) (USD $) | 3 Months Ended | 0 Months Ended | |
Mar. 31, 2015 | Aug. 29, 2014 | Dec. 31, 2014 | |
Note 2 - Branch Acquisition (Details) [Line Items] | |||
Goodwill | 6,732,216 | $6,732,216 | |
Core Deposits [Member] | First Bank Branches [Member] | |||
Note 2 - Branch Acquisition (Details) [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | 1,018,000 | ||
Finite-Lived Intangible Assets, Remaining Amortization Period | 9 years | ||
First Bank Branches [Member] | |||
Note 2 - Branch Acquisition (Details) [Line Items] | |||
Number of Businesses Acquired | 3 | ||
Payments to Acquire Businesses, Gross | 4,100,000 | ||
Goodwill | 1,131,000 | ||
Financing Receivable, Acquired with Deteriorated Credit Quality | 1,507,000 | ||
Business Combination, Acquired Receivables, Gross Contractual Amount | 45,584,000 | ||
Business Combination, Assumed Liabilities, Gross Contractual Amount | $81,841,000 | ||
Loan Market Valuation, Accretion Period | 6 years | ||
Time Deposits Market Valuation, Amortization Period | 2 years |
Note_2_Branch_Acquisition_Deta1
Note 2 - Branch Acquisition (Details) - Branch Acquisition (USD $) | 0 Months Ended | ||
Aug. 29, 2014 | Mar. 31, 2015 | Dec. 31, 2014 | |
Business Acquisition [Line Items] | |||
Goodwill | $6,732,216 | $6,732,216 | |
Loans Receivable [Member] | First Bank and Liberty [Member] | |||
Business Acquisition [Line Items] | |||
Acquired receivables | 44,620,021 | ||
Accrued Interest Receivable [Member] | First Bank and Liberty [Member] | |||
Business Acquisition [Line Items] | |||
Acquired receivables | 230,332 | ||
Core Deposits [Member] | First Bank and Liberty [Member] | |||
Business Acquisition [Line Items] | |||
Core deposit intangible asset | 1,018,000 | ||
First Bank and Liberty [Member] | |||
Business Acquisition [Line Items] | |||
Cash consideration transferred | 4,147,680 | ||
Cash and Due from Banks | 20,576,661 | ||
Interest bearing deposits in financial institutions | 5,719,000 | ||
Securities available-for-sale | 10,602,454 | ||
Bank premises and equipment | 3,864,900 | ||
Other real estate owned | 1,267,720 | ||
Other assets | 748,511 | ||
Deposits | -81,962,650 | ||
Securities sold under agreements to repurchase | -2,815,297 | ||
Accrued interest payable and other liabilities | -853,439 | ||
Total identifiable net assets | 3,016,213 | ||
Goodwill | $1,131,467 |
Note_2_Branch_Acquisition_Deta2
Note 2 - Branch Acquisition (Details) - Acquired Loans (First Bank Branches [Member], USD $) | Aug. 29, 2014 |
Note 2 - Branch Acquisition (Details) - Acquired Loans [Line Items] | |
Loans Acquired | $45,584,000 |
Pass [Member] | |
Note 2 - Branch Acquisition (Details) - Acquired Loans [Line Items] | |
Loans Acquired | 29,840,000 |
Watch [Member] | |
Note 2 - Branch Acquisition (Details) - Acquired Loans [Line Items] | |
Loans Acquired | 6,659,000 |
Special Mention [Member] | |
Note 2 - Branch Acquisition (Details) - Acquired Loans [Line Items] | |
Loans Acquired | 1,478,000 |
Substandard [Member] | |
Note 2 - Branch Acquisition (Details) - Acquired Loans [Line Items] | |
Loans Acquired | 5,460,000 |
Deteriorated Credit [Member] | |
Note 2 - Branch Acquisition (Details) - Acquired Loans [Line Items] | |
Loans Acquired | $2,147,000 |
Note_3_Dividends_Details
Note 3 - Dividends (Details) (USD $) | 0 Months Ended | 3 Months Ended | |
Feb. 11, 2015 | Mar. 31, 2015 | Mar. 31, 2014 | |
Dividends Disclosure [Abstract] | |||
Dividends Payable, Date Declared | 11-Feb-15 | ||
Dividends Payable, Date to be Paid | 15-May-15 | ||
Dividends Payable, Date of Record | 1-May-15 | ||
Common Stock, Dividends, Per Share, Declared | $0.20 | $0.20 | $0.18 |
Note_4_Earnings_Per_Share_Deta
Note 4 - Earnings Per Share (Details) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Earnings Per Share [Abstract] | ||
Weighted Average Number of Shares Outstanding, Basic and Diluted | 9,310,913 | 9,310,913 |
Weighted Average Number Diluted Shares Outstanding Adjustment | 0 | 0 |
Note_6_Fair_Value_Measurements2
Note 6 - Fair Value Measurements (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Fair Value Disclosures [Abstract] | ||
Real Estate Owned, Valuation Allowance | $6,392,000 | $6,389,000 |
Note_6_Fair_Value_Measurements3
Note 6 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
2015 | ||
Securities available-for-sale | $554,649,829 | $542,502,381 |
US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
2015 | ||
Securities available-for-sale | 1,472,000 | 1,447,000 |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
2015 | ||
Securities available-for-sale | 1,472,000 | 1,447,000 |
US Treasury Securities [Member] | ||
2015 | ||
Securities available-for-sale | 1,472,000 | 1,447,000 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
2015 | ||
Securities available-for-sale | 100,856,000 | 87,307,000 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
2015 | ||
Securities available-for-sale | 100,856,000 | 87,307,000 |
US Government Agencies Debt Securities [Member] | ||
2015 | ||
Securities available-for-sale | 100,856,000 | 87,307,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
2015 | ||
Securities available-for-sale | 115,948,000 | 120,985,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | ||
2015 | ||
Securities available-for-sale | 115,948,000 | 120,985,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
2015 | ||
Securities available-for-sale | 115,948,000 | 120,985,000 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
2015 | ||
Securities available-for-sale | 284,033,000 | 281,776,000 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
2015 | ||
Securities available-for-sale | 284,033,000 | 281,776,000 |
US States and Political Subdivisions Debt Securities [Member] | ||
2015 | ||
Securities available-for-sale | 284,033,000 | 281,776,000 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
2015 | ||
Securities available-for-sale | 48,600,000 | 47,320,000 |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
2015 | ||
Securities available-for-sale | 48,600,000 | 47,320,000 |
Corporate Debt Securities [Member] | ||
2015 | ||
Securities available-for-sale | 48,600,000 | 47,320,000 |
Equity Securities, Financial Industry Common Stock [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
2015 | ||
Securities available-for-sale | 745,000 | 758,000 |
Equity Securities, Financial Industry Common Stock [Member] | Fair Value, Measurements, Recurring [Member] | ||
2015 | ||
Securities available-for-sale | 745,000 | 758,000 |
Equity Securities, Financial Industry Common Stock [Member] | ||
2015 | ||
Securities available-for-sale | 745,000 | 758,000 |
Equity Securities, Other [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
2015 | ||
Securities available-for-sale | 2,996,000 | 2,909,000 |
Equity Securities, Other [Member] | Fair Value, Measurements, Recurring [Member] | ||
2015 | ||
Securities available-for-sale | 2,996,000 | 2,909,000 |
Equity Securities, Other [Member] | ||
2015 | ||
Securities available-for-sale | 2,996,000 | 2,909,000 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
2015 | ||
Securities available-for-sale | 2,217,000 | 2,205,000 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
2015 | ||
Securities available-for-sale | 552,433,000 | 540,297,000 |
Fair Value, Measurements, Recurring [Member] | ||
2015 | ||
Securities available-for-sale | $554,650,000 | $542,502,000 |
Note_6_Fair_Value_Measurements4
Note 6 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Nonrecurring Basis (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Fair Value, Inputs, Level 2 [Member] | ||
2015 | ||
Loans receivable | $661,330 | $656,896 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
2015 | ||
Loans receivable | 684 | 692 |
Other real estate owned | 7,366 | 8,436 |
Total | 8,050 | 9,128 |
Fair Value, Measurements, Nonrecurring [Member] | ||
2015 | ||
Loans receivable | 684 | 692 |
Other real estate owned | 7,366 | 8,436 |
Total | $8,050 | $9,128 |
Note_6_Fair_Value_Measurements5
Note 6 - Fair Value Measurements (Details) - Fair Value Quantitative Information (Fair Value, Inputs, Level 3 [Member], USD $) | 3 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 | ||
Evaluation of Collateral [Member] | Impaired Loan [Member] | Minimum [Member] | ||||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||||
Range | [1] | [1] | ||
Range (average) | [1] | [1] | ||
Evaluation of Collateral [Member] | Impaired Loan [Member] | ||||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||||
Assets fair value disclosure (in Dollars) | 684 | 692 | ||
Appraisal Valuation [Member] | Other Real Estate Owned [Member] | Minimum [Member] | ||||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||||
Range | 6.00% | 4.00% | ||
Range (average) | -6.00% | -4.00% | ||
Appraisal Valuation [Member] | Other Real Estate Owned [Member] | Maximum [Member] | ||||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||||
Range | 10.00% | 10.00% | ||
Range (average) | -10.00% | -10.00% | ||
Appraisal Valuation [Member] | Other Real Estate Owned [Member] | Weighted Average [Member] | ||||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||||
Range | 8.00% | 7.00% | ||
Range (average) | -8.00% | -7.00% | ||
Appraisal Valuation [Member] | Other Real Estate Owned [Member] | ||||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||||
Assets fair value disclosure (in Dollars) | 7,366 | 8,436 | ||
[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_6_Fair_Value_Measurements6
Note 6 - Fair Value Measurements (Details) - Estimated Fair Values of Financial Instruments (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Financial assets: | ||
Cash and due from banks | $24,944,438 | $23,730,257 |
Federal funds sold | 6,000 | |
Interest bearing deposits | 62,209,248 | 31,463,382 |
Securities available-for-sale | 554,649,829 | 542,502,381 |
Loans receivable, net | 660,790,412 | 658,440,998 |
Loans held for sale | 352,200 | 704,850 |
Accrued income receivable | 7,518,141 | 7,471,023 |
Financial liabilities: | ||
Deposits | 1,082,790,194 | 1,052,123,257 |
Fair Value, Inputs, Level 1 [Member] | ||
Financial assets: | ||
Cash and due from banks | 24,944,000 | 23,730,000 |
Cash and due from banks | 24,944,000 | 23,730,000 |
Federal funds sold | 6,000 | |
Interest bearing deposits | 62,209,000 | 31,463,000 |
Interest bearing deposits | 62,209,000 | 31,463,000 |
Accrued income receivable | 7,518,000 | 7,471,000 |
Accrued income receivable | 7,518,000 | 7,471,000 |
Financial liabilities: | ||
Securities sold under agreements to repurchase | 58,801,000 | 51,265,000 |
Securities sold under agreements to repurchase | 58,801,000 | 51,265,000 |
Accrued interest payable | 480,000 | 536,000 |
Fair Value, Inputs, Level 2 [Member] | ||
Financial assets: | ||
Loans receivable, net | 660,790,000 | 658,441,000 |
Loans receivable, net | 661,330,000 | 656,896,000 |
Loans held for sale | 352,000 | 705,000 |
Loans held for sale | 352,000 | 705,000 |
Financial liabilities: | ||
Deposits | 1,082,790,000 | 1,052,123,000 |
Deposits | 1,084,437,000 | 1,052,082,000 |
FHLB advances | 14,449,000 | 14,468,000 |
FHLB advances | 15,302,000 | 15,281,000 |
Other borrowings | 22,945,000 | 23,000,000 |
Other borrowings | $24,176,000 | $24,339,000 |
Note_7_Debt_and_Equity_Securit2
Note 7 - Debt and Equity Securities (Details) (USD $) | 3 Months Ended |
Mar. 31, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
Available-for-sale Securities, Gross Unrealized Loss | $715,000 |
Note_7_Debt_and_Equity_Securit3
Note 7 - Debt and Equity Securities (Details) - Securities Available-for-sale (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Note 7 - Debt and Equity Securities (Details) - Securities Available-for-sale [Line Items] | ||
Securities available-for-sale, amortized cost | $544,062,000 | $535,404,000 |
Securities available-for-sale, gross unrealized gains | 11,303,000 | 9,278,000 |
Securities available-for-sale, gross unrealize losses | -715,000 | -2,180,000 |
Securities available-for-sale, fair value | 554,649,829 | 542,502,381 |
US Treasury Securities [Member] | ||
Note 7 - Debt and Equity Securities (Details) - Securities Available-for-sale [Line Items] | ||
Securities available-for-sale, amortized cost | 1,435,000 | 1,431,000 |
Securities available-for-sale, gross unrealized gains | 37,000 | 16,000 |
Securities available-for-sale, fair value | 1,472,000 | 1,447,000 |
US Government Agencies Debt Securities [Member] | ||
Note 7 - Debt and Equity Securities (Details) - Securities Available-for-sale [Line Items] | ||
Securities available-for-sale, amortized cost | 99,548,000 | 86,997,000 |
Securities available-for-sale, gross unrealized gains | 1,464,000 | 822,000 |
Securities available-for-sale, gross unrealize losses | -156,000 | -512,000 |
Securities available-for-sale, fair value | 100,856,000 | 87,307,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Note 7 - Debt and Equity Securities (Details) - Securities Available-for-sale [Line Items] | ||
Securities available-for-sale, amortized cost | 112,732,000 | 118,349,000 |
Securities available-for-sale, gross unrealized gains | 3,216,000 | 2,744,000 |
Securities available-for-sale, gross unrealize losses | -108,000 | |
Securities available-for-sale, fair value | 115,948,000 | 120,985,000 |
US States and Political Subdivisions Debt Securities [Member] | ||
Note 7 - Debt and Equity Securities (Details) - Securities Available-for-sale [Line Items] | ||
Securities available-for-sale, amortized cost | 278,529,000 | 277,328,000 |
Securities available-for-sale, gross unrealized gains | 5,765,000 | 5,097,000 |
Securities available-for-sale, gross unrealize losses | -261,000 | -649,000 |
Securities available-for-sale, fair value | 284,033,000 | 281,776,000 |
Corporate Debt Securities [Member] | ||
Note 7 - Debt and Equity Securities (Details) - Securities Available-for-sale [Line Items] | ||
Securities available-for-sale, amortized cost | 48,192,000 | 47,760,000 |
Securities available-for-sale, gross unrealized gains | 706,000 | 471,000 |
Securities available-for-sale, gross unrealize losses | -298,000 | -911,000 |
Securities available-for-sale, fair value | 48,600,000 | 47,320,000 |
Equity Securities, Financial Industry Common Stock [Member] | ||
Note 7 - Debt and Equity Securities (Details) - Securities Available-for-sale [Line Items] | ||
Securities available-for-sale, amortized cost | 630,000 | 630,000 |
Securities available-for-sale, gross unrealized gains | 115,000 | 128,000 |
Securities available-for-sale, fair value | 745,000 | 758,000 |
Equity Securities, Other [Member] | ||
Note 7 - Debt and Equity Securities (Details) - Securities Available-for-sale [Line Items] | ||
Securities available-for-sale, amortized cost | 2,996,000 | 2,909,000 |
Securities available-for-sale, fair value | $2,996,000 | $2,909,000 |
Note_7_Debt_and_Equity_Securit4
Note 7 - Debt and Equity Securities (Details) - Proceeds, Gains and Losses from Securities Available-for-sale (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Proceeds, Gains and Losses from Securities Available-for-sale [Abstract] | ||
Proceeds from sales of securities available-for-sale | $517 | $3,479 |
Gross realized gains on securities available-for-sale | 5 | 135 |
Tax provision applicable to net realized gains on securities available-for-sale | $2 | $50 |
Note_7_Debt_and_Equity_Securit5
Note 7 - Debt and Equity Securities (Details) - Securities Available-for-sale Continuous Unrealized Loss Position (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Note 7 - Debt and Equity Securities (Details) - Securities Available-for-sale Continuous Unrealized Loss Position [Line Items] | ||
Securities available-for-sale, continuous unrealized loss position, less than 12 months, fair value | $41,143 | $156,205 |
Securities available-for-sale, continuous unrealized loss position, less than 12 months, unrealized losses | -233 | -409 |
Securities available-for-sale, continuous unrealized loss position, 12 months or more, fair value | 32,934 | 79,250 |
Securities available-for-sale, continuous unrealized loss position, 12 months or more, unrealized losses | -482 | -1,771 |
Securities available-for-sale, continuous unrealized loss position, fair value | 74,077 | 235,455 |
Securities available-for-sale, continuous unrealized loss position, unrealized losses | -715 | -2,180 |
US Government Agencies Debt Securities [Member] | ||
Note 7 - Debt and Equity Securities (Details) - Securities Available-for-sale Continuous Unrealized Loss Position [Line Items] | ||
Securities available-for-sale, continuous unrealized loss position, less than 12 months, fair value | 12,489 | 14,016 |
Securities available-for-sale, continuous unrealized loss position, less than 12 months, unrealized losses | -59 | -64 |
Securities available-for-sale, continuous unrealized loss position, 12 months or more, fair value | 7,857 | 17,523 |
Securities available-for-sale, continuous unrealized loss position, 12 months or more, unrealized losses | -97 | -448 |
Securities available-for-sale, continuous unrealized loss position, fair value | 20,346 | 31,539 |
Securities available-for-sale, continuous unrealized loss position, unrealized losses | -156 | -512 |
US States and Political Subdivisions Debt Securities [Member] | ||
Note 7 - Debt and Equity Securities (Details) - Securities Available-for-sale Continuous Unrealized Loss Position [Line Items] | ||
Securities available-for-sale, continuous unrealized loss position, less than 12 months, fair value | 26,025 | 45,618 |
Securities available-for-sale, continuous unrealized loss position, less than 12 months, unrealized losses | -169 | -252 |
Securities available-for-sale, continuous unrealized loss position, 12 months or more, fair value | 8,141 | 24,880 |
Securities available-for-sale, continuous unrealized loss position, 12 months or more, unrealized losses | -92 | -397 |
Securities available-for-sale, continuous unrealized loss position, fair value | 34,166 | 70,498 |
Securities available-for-sale, continuous unrealized loss position, unrealized losses | -261 | -649 |
Corporate Debt Securities [Member] | ||
Note 7 - Debt and Equity Securities (Details) - Securities Available-for-sale Continuous Unrealized Loss Position [Line Items] | ||
Securities available-for-sale, continuous unrealized loss position, less than 12 months, fair value | 2,629 | 89,637 |
Securities available-for-sale, continuous unrealized loss position, less than 12 months, unrealized losses | -5 | -73 |
Securities available-for-sale, continuous unrealized loss position, 12 months or more, fair value | 16,936 | 20,724 |
Securities available-for-sale, continuous unrealized loss position, 12 months or more, unrealized losses | -293 | -838 |
Securities available-for-sale, continuous unrealized loss position, fair value | 19,565 | 110,361 |
Securities available-for-sale, continuous unrealized loss position, unrealized losses | -298 | -911 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Note 7 - Debt and Equity Securities (Details) - Securities Available-for-sale Continuous Unrealized Loss Position [Line Items] | ||
Securities available-for-sale, continuous unrealized loss position, less than 12 months, fair value | 6,934 | |
Securities available-for-sale, continuous unrealized loss position, less than 12 months, unrealized losses | -20 | |
Securities available-for-sale, continuous unrealized loss position, 12 months or more, fair value | 16,123 | |
Securities available-for-sale, continuous unrealized loss position, 12 months or more, unrealized losses | -88 | |
Securities available-for-sale, continuous unrealized loss position, fair value | 23,057 | |
Securities available-for-sale, continuous unrealized loss position, unrealized losses | ($108) |
Note_8_Loan_Receivable_and_Cre2
Note 8 - Loan Receivable and Credit Disclosures (Details) (USD $) | 3 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | |
Receivables [Abstract] | |||
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | $44,000 | $37,000 | |
Financing Receivable, Modifications, Recorded Investment | 1,043,000 | 1,129,000 | |
Number of Restructured Loans Granting Concessions | 0 | 2 | |
Troubled Debt Restructuring Loan Payment Default Period | 60 days | ||
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $44,000 |
Note_8_Loan_Receivable_and_Cre3
Note 8 - Loan Receivable and Credit Disclosures (Details) - Activity in Allowance for Loan Losses (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Balance, beginning | $8,839 | $8,572 |
Balance, ending | 8,926 | 8,568 |
Provision (credit) for loan losses | 77 | 39 |
Recoveries of loans charged-off | 12 | 10 |
Loans charged-off | -2 | -53 |
Construction Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Balance, beginning | 495 | 392 |
Balance, ending | 536 | 440 |
Provision (credit) for loan losses | 36 | 48 |
Recoveries of loans charged-off | 5 | |
1-4 Family Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Balance, beginning | 1,648 | 1,523 |
Balance, ending | 1,752 | 1,540 |
Provision (credit) for loan losses | 100 | 18 |
Recoveries of loans charged-off | 4 | 4 |
Loans charged-off | -5 | |
Commercial Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Balance, beginning | 3,214 | 3,230 |
Balance, ending | 3,238 | 3,199 |
Provision (credit) for loan losses | 24 | -31 |
Agriculture Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Balance, beginning | 737 | 686 |
Balance, ending | 769 | 731 |
Provision (credit) for loan losses | 32 | 45 |
Commercial [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Balance, beginning | 1,247 | 1,435 |
Balance, ending | 1,137 | 1,405 |
Provision (credit) for loan losses | -111 | -31 |
Recoveries of loans charged-off | 1 | 1 |
Agriculture [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Balance, beginning | 1,312 | 1,165 |
Balance, ending | 1,297 | 1,107 |
Provision (credit) for loan losses | -14 | -58 |
Recoveries of loans charged-off | 1 | |
Loans charged-off | -2 | |
Consumer and Other [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Balance, beginning | 186 | 141 |
Balance, ending | 197 | 146 |
Provision (credit) for loan losses | 10 | 48 |
Recoveries of loans charged-off | 1 | 5 |
Loans charged-off | ($48) |
Note_8_Loan_Receivable_and_Cre4
Note 8 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses Impairment Analysis (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses Impairment Analysis [Line Items] | ||
Ending balance: Individually evaluated for impairment | $327 | $337 |
Ending balance: Collectively evaluated for impairment | 8,599 | 8,502 |
Ending balance | 8,926 | 8,839 |
Construction Real Estate [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses Impairment Analysis [Line Items] | ||
Ending balance: Collectively evaluated for impairment | 536 | 495 |
Ending balance | 536 | 495 |
1-4 Family Residential Real Estate [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses Impairment Analysis [Line Items] | ||
Ending balance: Individually evaluated for impairment | 247 | 244 |
Ending balance: Collectively evaluated for impairment | 1,505 | 1,524 |
Ending balance | 1,752 | 1,768 |
Commercial Real Estate [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses Impairment Analysis [Line Items] | ||
Ending balance: Individually evaluated for impairment | 30 | 33 |
Ending balance: Collectively evaluated for impairment | 3,208 | 3,181 |
Ending balance | 3,238 | 3,214 |
Agriculture Real Estate [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses Impairment Analysis [Line Items] | ||
Ending balance: Collectively evaluated for impairment | 769 | 737 |
Ending balance | 769 | 737 |
Commercial [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses Impairment Analysis [Line Items] | ||
Ending balance: Individually evaluated for impairment | 50 | 60 |
Ending balance: Collectively evaluated for impairment | 1,087 | 1,067 |
Ending balance | 1,137 | 1,127 |
Agriculture [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses Impairment Analysis [Line Items] | ||
Ending balance: Collectively evaluated for impairment | 1,297 | 1,312 |
Ending balance | 1,297 | 1,312 |
Consumer and Other [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Allowance for Loan Losses Impairment Analysis [Line Items] | ||
Ending balance: Collectively evaluated for impairment | 197 | 186 |
Ending balance | $197 | $186 |
Note_8_Loan_Receivable_and_Cre5
Note 8 - Loan Receivable and Credit Disclosures (Details) - Loans Receivable Impairment Analysis (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Ending balance: Individually evaluated for impairment | $2,381 | $2,407 |
Ending balance: Collectively evaluated for impairment | 667,419 | 664,964 |
Ending balance | 669,800 | 667,371 |
Construction Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Ending balance: Individually evaluated for impairment | 189 | 195 |
Ending balance: Collectively evaluated for impairment | 38,253 | 35,821 |
Ending balance | 38,442 | 36,016 |
1-4 Family Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Ending balance: Individually evaluated for impairment | 897 | 811 |
Ending balance: Collectively evaluated for impairment | 119,436 | 121,966 |
Ending balance | 120,333 | 122,777 |
Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Ending balance: Individually evaluated for impairment | 745 | 833 |
Ending balance: Collectively evaluated for impairment | 263,550 | 256,221 |
Ending balance | 264,295 | 257,054 |
Agriculture Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Ending balance: Collectively evaluated for impairment | 61,064 | 57,449 |
Ending balance | 61,064 | 57,449 |
Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Ending balance: Individually evaluated for impairment | 537 | 540 |
Ending balance: Collectively evaluated for impairment | 91,537 | 92,163 |
Ending balance | 92,074 | 92,703 |
Agriculture [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Ending balance: Individually evaluated for impairment | 11 | 19 |
Ending balance: Collectively evaluated for impairment | 76,741 | 85,590 |
Ending balance | 76,752 | 85,609 |
Consumer and Other [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Ending balance: Individually evaluated for impairment | 2 | 9 |
Ending balance: Collectively evaluated for impairment | 16,838 | 15,754 |
Ending balance | $16,840 | $15,763 |
Note_8_Loan_Receivable_and_Cre6
Note 8 - Loan Receivable and Credit Disclosures (Details) - Impaired Loans (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Impaired [Line Items] | ||
Loans with no specific reserve recorded, recorded investment | $1,370 | $1,378 |
Loans with no specific reserve recorded, unpaid principal balance | 2,145 | 2,139 |
Loans with an allowance recorded, recorded investment | 1,011 | 1,029 |
Loans with an allowance recorded, unpaid principal balance | 1,133 | 1,145 |
Loans, related allowance | 327 | 337 |
Loans, recorded investment | 2,381 | 2,407 |
Loans, unpaid principal balance | 3,278 | 3,284 |
Construction Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loans with no specific reserve recorded, recorded investment | 189 | 195 |
Loans with no specific reserve recorded, unpaid principal balance | 343 | 346 |
Loans, recorded investment | 189 | 195 |
Loans, unpaid principal balance | 343 | 346 |
1-4 Family Residential Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loans with no specific reserve recorded, recorded investment | 119 | 24 |
Loans with no specific reserve recorded, unpaid principal balance | 122 | 29 |
Loans with an allowance recorded, recorded investment | 778 | 787 |
Loans with an allowance recorded, unpaid principal balance | 898 | 903 |
Loans, related allowance | 247 | 244 |
Loans, recorded investment | 897 | 811 |
Loans, unpaid principal balance | 1,020 | 932 |
Commercial Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loans with no specific reserve recorded, recorded investment | 590 | 675 |
Loans with no specific reserve recorded, unpaid principal balance | 1,132 | 1,204 |
Loans with an allowance recorded, recorded investment | 155 | 158 |
Loans with an allowance recorded, unpaid principal balance | 157 | 158 |
Loans, related allowance | 30 | 33 |
Loans, recorded investment | 745 | 833 |
Loans, unpaid principal balance | 1,289 | 1,362 |
Commercial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loans with no specific reserve recorded, recorded investment | 459 | 456 |
Loans with no specific reserve recorded, unpaid principal balance | 535 | 535 |
Loans with an allowance recorded, recorded investment | 78 | 84 |
Loans with an allowance recorded, unpaid principal balance | 78 | 84 |
Loans, related allowance | 50 | 60 |
Loans, recorded investment | 537 | 540 |
Loans, unpaid principal balance | 613 | 619 |
Agriculture [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loans with no specific reserve recorded, recorded investment | 11 | 19 |
Loans with no specific reserve recorded, unpaid principal balance | 11 | 19 |
Loans, recorded investment | 11 | 19 |
Loans, unpaid principal balance | 11 | 19 |
Consumer and Other [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loans with no specific reserve recorded, recorded investment | 2 | 9 |
Loans with no specific reserve recorded, unpaid principal balance | 2 | 6 |
Loans, recorded investment | 2 | 9 |
Loans, unpaid principal balance | $2 | $6 |
Note_8_Loan_Receivable_and_Cre7
Note 8 - Loan Receivable and Credit Disclosures (Details) - Average Recorded Investment and Interest Income Recognized on Impaired Loans (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Note 8 - Loan Receivable and Credit Disclosures (Details) - Average Recorded Investment and Interest Income Recognized on Impaired Loans [Line Items] | ||
No Related Allowance - Average Recorded Investment | $1,376 | $1,139 |
No Related Allowance - Interest Income Recognized | 4 | 33 |
With Related Allowance - Average Recorded Investment | 1,021 | 1,164 |
Average Recorded Investment | 2,397 | 2,303 |
Interest Income Recognized | 4 | 33 |
Construction Real Estate [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Average Recorded Investment and Interest Income Recognized on Impaired Loans [Line Items] | ||
No Related Allowance - Average Recorded Investment | 192 | 503 |
Average Recorded Investment | 192 | 503 |
1-4 Family Residential Real Estate [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Average Recorded Investment and Interest Income Recognized on Impaired Loans [Line Items] | ||
No Related Allowance - Average Recorded Investment | 72 | 274 |
No Related Allowance - Interest Income Recognized | 5 | |
With Related Allowance - Average Recorded Investment | 783 | 349 |
Average Recorded Investment | 855 | 623 |
Interest Income Recognized | 5 | |
Commercial Real Estate [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Average Recorded Investment and Interest Income Recognized on Impaired Loans [Line Items] | ||
No Related Allowance - Average Recorded Investment | 633 | 262 |
No Related Allowance - Interest Income Recognized | 28 | |
With Related Allowance - Average Recorded Investment | 157 | 46 |
Average Recorded Investment | 790 | 308 |
Interest Income Recognized | 28 | |
Commercial [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Average Recorded Investment and Interest Income Recognized on Impaired Loans [Line Items] | ||
No Related Allowance - Average Recorded Investment | 458 | 43 |
No Related Allowance - Interest Income Recognized | 3 | |
With Related Allowance - Average Recorded Investment | 81 | 764 |
Average Recorded Investment | 539 | 807 |
Interest Income Recognized | 3 | |
Agriculture [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Average Recorded Investment and Interest Income Recognized on Impaired Loans [Line Items] | ||
No Related Allowance - Average Recorded Investment | 15 | 19 |
With Related Allowance - Average Recorded Investment | 5 | |
Average Recorded Investment | 15 | 24 |
Consumer and Other [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Average Recorded Investment and Interest Income Recognized on Impaired Loans [Line Items] | ||
No Related Allowance - Average Recorded Investment | 6 | 38 |
No Related Allowance - Interest Income Recognized | 1 | |
Average Recorded Investment | 6 | 38 |
Interest Income Recognized | $1 |
Note_8_Loan_Receivable_and_Cre8
Note 8 - Loan Receivable and Credit Disclosures (Details) - Troubled Debt Restructurings (USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 |
Financing Receivable, Modifications [Line Items] | |
Troubled debt restructuring, number of contracts | 3 |
Troubled debt restructuring, pre-modification outstanding, recorded investment | $68 |
Troubled debt restructuring, post-modification outstanding, recorded investment | 68 |
Commercial Real Estate [Member] | |
Financing Receivable, Modifications [Line Items] | |
Troubled debt restructuring, number of contracts | 1 |
Troubled debt restructuring, pre-modification outstanding, recorded investment | 43 |
Troubled debt restructuring, post-modification outstanding, recorded investment | 43 |
Agriculture [Member] | |
Financing Receivable, Modifications [Line Items] | |
Troubled debt restructuring, number of contracts | 1 |
Troubled debt restructuring, pre-modification outstanding, recorded investment | 19 |
Troubled debt restructuring, post-modification outstanding, recorded investment | 19 |
Consumer and Other [Member] | |
Financing Receivable, Modifications [Line Items] | |
Troubled debt restructuring, number of contracts | 1 |
Troubled debt restructuring, pre-modification outstanding, recorded investment | 6 |
Troubled debt restructuring, post-modification outstanding, recorded investment | $6 |
Note_8_Loan_Receivable_and_Cre9
Note 8 - Loan Receivable and Credit Disclosures (Details) - Past Due Loans (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans, 30-89 past due | $1,343 | $1,774 |
Loans, 90 days or greater past due | 293 | 186 |
Loans, past due | 1,636 | 1,960 |
Loans, current | 668,164 | 665,411 |
Loans | 669,800 | 667,371 |
Loans, 90 days or greater accruing | 8 | 36 |
Construction Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans, 30-89 past due | 64 | |
Loans, past due | 64 | |
Loans, current | 38,442 | 35,952 |
Loans | 38,442 | 36,016 |
1-4 Family Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans, 30-89 past due | 514 | 888 |
Loans, 90 days or greater past due | 199 | 57 |
Loans, past due | 713 | 945 |
Loans, current | 119,620 | 121,832 |
Loans | 120,333 | 122,777 |
Loans, 90 days or greater accruing | 8 | 36 |
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans, 30-89 past due | 467 | |
Loans, 90 days or greater past due | 45 | |
Loans, past due | 512 | |
Loans, current | 264,295 | 256,542 |
Loans | 264,295 | 257,054 |
Agriculture Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans, 30-89 past due | 28 | |
Loans, past due | 28 | |
Loans, current | 61,064 | 57,421 |
Loans | 61,064 | 57,449 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans, 30-89 past due | 473 | 264 |
Loans, 90 days or greater past due | 94 | 84 |
Loans, past due | 567 | 348 |
Loans, current | 91,507 | 92,355 |
Loans | 92,074 | 92,703 |
Agriculture [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans, 30-89 past due | 327 | |
Loans, past due | 327 | |
Loans, current | 76,425 | 85,609 |
Loans | 76,752 | 85,609 |
Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans, 30-89 past due | 29 | 63 |
Loans, past due | 29 | 63 |
Loans, current | 16,811 | 15,700 |
Loans | $16,840 | $15,763 |
Recovered_Sheet1
Note 8 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile by Internally Assigned Grade (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | $532,627 | $528,831 |
Construction Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 32,488 | 30,055 |
Construction Real Estate [Member] | Watch [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 3,764 | 3,893 |
Construction Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 2,001 | 1,873 |
Construction Real Estate [Member] | Substandard Impaired [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 189 | 195 |
Construction Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 38,442 | 36,016 |
Commercial Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 231,612 | 223,775 |
Commercial Real Estate [Member] | Watch [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 18,490 | 18,617 |
Commercial Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 1,117 | 1,296 |
Commercial Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 12,331 | 12,532 |
Commercial Real Estate [Member] | Substandard Impaired [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 745 | 834 |
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 264,295 | 257,054 |
Agriculture Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 54,434 | 51,024 |
Agriculture Real Estate [Member] | Watch [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 6,307 | 6,275 |
Agriculture Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 88 | |
Agriculture Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 323 | 62 |
Agriculture Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 61,064 | 57,449 |
Commercial [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 77,919 | 79,117 |
Commercial [Member] | Watch [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 11,110 | 10,086 |
Commercial [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 474 | 585 |
Commercial [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 2,034 | 2,376 |
Commercial [Member] | Substandard Impaired [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 537 | 539 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 92,074 | 92,703 |
Agriculture [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 69,023 | 78,387 |
Agriculture [Member] | Watch [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 7,447 | 6,827 |
Agriculture [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 81 | |
Agriculture [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 190 | 395 |
Agriculture [Member] | Substandard Impaired [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 11 | |
Agriculture [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 76,752 | 85,609 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 465,476 | 462,358 |
Watch [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 47,118 | 45,698 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 1,672 | 1,969 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | 16,879 | 17,238 |
Substandard Impaired [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loan and lease receivable other than consumer and residential | $1,482 | $1,568 |
Recovered_Sheet2
Note 8 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity [Line Items] | ||
Loan and lease receivable consumer and residential | $137,173 | $138,540 |
1-4 Family Residential Real Estate [Member] | Performing Financing Receivable [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity [Line Items] | ||
Loan and lease receivable consumer and residential | 119,396 | 121,928 |
1-4 Family Residential Real Estate [Member] | Nonperforming Financing Receivable [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity [Line Items] | ||
Loan and lease receivable consumer and residential | 937 | 849 |
1-4 Family Residential Real Estate [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity [Line Items] | ||
Loan and lease receivable consumer and residential | 120,333 | 122,777 |
Consumer and Other [Member] | Performing Financing Receivable [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity [Line Items] | ||
Loan and lease receivable consumer and residential | 16,840 | 15,756 |
Consumer and Other [Member] | Nonperforming Financing Receivable [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity [Line Items] | ||
Loan and lease receivable consumer and residential | 7 | |
Consumer and Other [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity [Line Items] | ||
Loan and lease receivable consumer and residential | 16,840 | 15,763 |
Performing Financing Receivable [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity [Line Items] | ||
Loan and lease receivable consumer and residential | 136,236 | 137,684 |
Nonperforming Financing Receivable [Member] | ||
Note 8 - Loan Receivable and Credit Disclosures (Details) - Credit Risk Profile Based on Payment Activity [Line Items] | ||
Loan and lease receivable consumer and residential | $937 | $856 |
Note_9_Other_Real_Estate_Owned2
Note 9 - Other Real Estate Owned (Details) - Components of Other Real Estate Owned (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Note 9 - Other Real Estate Owned (Details) - Components of Other Real Estate Owned [Line Items] | ||
Other real estate | $7,365,534 | $8,435,885 |
Construction And Land Development [Member] | ||
Note 9 - Other Real Estate Owned (Details) - Components of Other Real Estate Owned [Line Items] | ||
Other real estate | 5,386,000 | 6,751,000 |
One to Four Family Residential Real Estate [Member] | ||
Note 9 - Other Real Estate Owned (Details) - Components of Other Real Estate Owned [Line Items] | ||
Other real estate | 1,149,000 | 1,316,000 |
Real Estate: Commercial [Member] | ||
Note 9 - Other Real Estate Owned (Details) - Components of Other Real Estate Owned [Line Items] | ||
Other real estate | $831,000 | $814,000 |
Note_10_Goodwill_Details
Note 10 - Goodwill (Details) (USD $) | 3 Months Ended | 0 Months Ended | |
Mar. 31, 2015 | Aug. 29, 2014 | Dec. 31, 2014 | |
Note 10 - Goodwill (Details) [Line Items] | |||
Goodwill | $6,732,216 | $6,732,216 | |
Finite Tax Lived Intangible Asset, Usefule Life | 15 years | ||
First Bank Branches [Member] | |||
Note 10 - Goodwill (Details) [Line Items] | |||
Number of Businesses Acquired | 3 | ||
Goodwill | $1,131,000 |
Note_11_Core_Deposit_Intangibl2
Note 11 - Core Deposit Intangible Asset (Details) (USD $) | 3 Months Ended | 12 Months Ended | 0 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 | Aug. 29, 2014 |
Core Deposits [Member] | First Bank Branches [Member] | |||
Note 11 - Core Deposit Intangible Asset (Details) [Line Items] | |||
Finite-Lived Intangible Assets, Gross (in Dollars) | 1,000 | ||
Core Deposits [Member] | |||
Note 11 - Core Deposit Intangible Asset (Details) [Line Items] | |||
Finite-Lived Intangible Assets, Gross (in Dollars) | $2,518 | $2,518 | |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 3 years | 3 years | |
First Bank Branches [Member] | |||
Note 11 - Core Deposit Intangible Asset (Details) [Line Items] | |||
Number of Businesses Acquired | 3 |
Note_11_Core_Deposit_Intangibl3
Note 11 - Core Deposit Intangible Asset (Details) - Core Deposit Intangible Assets (Core Deposits [Member], USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Core Deposits [Member] | ||
Note 11 - Core Deposit Intangible Asset (Details) - Core Deposit Intangible Assets [Line Items] | ||
Core deposit intangible asset | $2,518 | $2,518 |
Core deposit intangible asset | $901 | $788 |
Note_11_Core_Deposit_Intangibl4
Note 11 - Core Deposit Intangible Asset (Details) - Core Deposit Intangible Assets Activity (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Finite-Lived Intangible Assets [Line Items] | ||
Balance | $1,730,231 | |
Amortization | -113,623 | -65,748 |
Balance | 1,616,608 | |
Core Deposits [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Balance | 1,730,000 | 1,029,000 |
Amortization | -113,000 | -65,000 |
Balance | $1,617,000 | $964,000 |
Note_11_Core_Deposit_Intangibl5
Note 11 - Core Deposit Intangible Asset (Details) - Estimated Remaining Amortization Expense on Core Deposits (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 |
Note 11 - Core Deposit Intangible Asset (Details) - Estimated Remaining Amortization Expense on Core Deposits [Line Items] | ||||
$1,616,608 | $1,730,231 | |||
Core Deposits [Member] | ||||
Note 11 - Core Deposit Intangible Asset (Details) - Estimated Remaining Amortization Expense on Core Deposits [Line Items] | ||||
2015 | 308,000 | |||
2016 | 354,000 | |||
2017 | 299,000 | |||
2018 | 251,000 | |||
2019 | 127,000 | |||
2020 | 71,000 | |||
After | 207,000 | |||
$1,617,000 | $1,730,000 | $964,000 | $1,029,000 |
Note_12_Secured_Borrowings_Det
Note 12 - Secured Borrowings (Details) - Pledged Collateral at Estimated Fair Value (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Financial Instruments Owned and Pledged as Collateral [Line Items] | ||
Securities sold under agreements to repurchase | $102,326 | $99,799 |
Term repurchase agreements | 13,828 | 13,922 |
Total borrowings | 116,154 | 113,721 |
US Treasury Securities [Member] | Maturity Overnight [Member] | ||
Financial Instruments Owned and Pledged as Collateral [Line Items] | ||
Securities sold under agreements to repurchase | 1,471 | 1,447 |
US Treasury Securities [Member] | ||
Financial Instruments Owned and Pledged as Collateral [Line Items] | ||
Securities sold under agreements to repurchase | 1,471 | 1,447 |
US Government Agencies Debt Securities [Member] | Maturity Overnight [Member] | ||
Financial Instruments Owned and Pledged as Collateral [Line Items] | ||
Securities sold under agreements to repurchase | 50,826 | 46,880 |
US Government Agencies Debt Securities [Member] | Maturity over 90 days [Member] | ||
Financial Instruments Owned and Pledged as Collateral [Line Items] | ||
Term repurchase agreements | 12,208 | 12,151 |
US Government Agencies Debt Securities [Member] | ||
Financial Instruments Owned and Pledged as Collateral [Line Items] | ||
Securities sold under agreements to repurchase | 50,826 | 46,880 |
Term repurchase agreements | 12,208 | 12,151 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Maturity Overnight [Member] | ||
Financial Instruments Owned and Pledged as Collateral [Line Items] | ||
Securities sold under agreements to repurchase | 50,029 | 51,472 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Maturity over 90 days [Member] | ||
Financial Instruments Owned and Pledged as Collateral [Line Items] | ||
Term repurchase agreements | 1,620 | 1,771 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Financial Instruments Owned and Pledged as Collateral [Line Items] | ||
Securities sold under agreements to repurchase | 50,029 | 51,472 |
Term repurchase agreements | 1,620 | 1,771 |
Maturity Overnight [Member] | ||
Financial Instruments Owned and Pledged as Collateral [Line Items] | ||
Securities sold under agreements to repurchase | 102,326 | 99,799 |
Total borrowings | 102,326 | 99,799 |
Maturity over 90 days [Member] | ||
Financial Instruments Owned and Pledged as Collateral [Line Items] | ||
Term repurchase agreements | 13,828 | 13,922 |
Total borrowings | $13,828 | $13,922 |
Note_13_Regulatory_Matters_Det
Note 13 - Regulatory Matters (Details) - Actual Capital Amounts and Ratios (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total capital (to risk-weighted assets), actual amount | $154,093 | $151,146 |
Total capital (to risk-weighted assets), actual ratio | 16.90% | 16.60% |
Total capital (to risk-weighted assets), amount for capital adequacy purposes | 73,103 | 72,879 |
Total capital (to risk-weighted assets), ratio for capital adequacy purposes | 8.00% | 8.00% |
Total capital (to risk-weighted assets), amount to be well capitalized under prompt corrective action provisions | ||
Tier 1 capital (to risk-weighted assets), actual amount | 144,633 | 141,739 |
Tier 1 capital (to risk-weighted assets), actual ratio | 15.80% | 15.60% |
Tier 1 capital (to risk-weighted assets), amount for capital adequacy purposes | 54,827 | 36,440 |
Tier 1 capital (to risk-weighted assets), ratio for capital adequacy purposes | 6.00% | 4.00% |
Tier 1 capital (to risk-weighted assets), amount to be well capitalized under prompt corrective action provisions | ||
Tier 1 capital (to average-weighted assets), actual amount | 144,633 | 141,739 |
Tier 1 capital (to average-weighted assets), actual ratio | 11.10% | 11.00% |
Tier 1 capital (to average-weighted assets), amount for capital adequacy purposes | 51,999 | 51,604 |
Tier 1 capital (to average-weighted assets), ratio for capital adequacy purposes | 4.00% | 4.00% |
Tier 1 capital (to average-weighted assets), amount to be well capitalized under prompt corrective action provisions | ||
Common equity tier 1 capital (to risk-weighted assets), actual amount | 144,633 | |
Common equity tier 1 capital (to risk-weighted assets), actual ratio | 15.80% | |
Common equity tier 1 capital (to risk-weighted assets), amount for capital adequacy purposes | 41,121 | |
Common equity tier 1 capital (to risk-weighted assets), ratio for capital adequacy purposes | 4.50% | |
Also Conducts Business Out of 3 Full Service Offices in Des Moines Metro Area [Member] | First National Bank [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total capital (to risk-weighted assets), actual amount | 70,771 | 69,174 |
Total capital (to risk-weighted assets), actual ratio | 15.20% | 14.70% |
Total capital (to risk-weighted assets), amount for capital adequacy purposes | 37,244 | 37,568 |
Total capital (to risk-weighted assets), ratio for capital adequacy purposes | 8.00% | 8.00% |
Total capital (to risk-weighted assets), amount to be well capitalized under prompt corrective action provisions | 46,555 | 46,960 |
Total capital (to risk-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 10.00% | 10.00% |
Tier 1 capital (to risk-weighted assets), actual amount | 66,646 | 65,112 |
Tier 1 capital (to risk-weighted assets), actual ratio | 14.30% | 13.90% |
Tier 1 capital (to risk-weighted assets), amount for capital adequacy purposes | 27,933 | 18,784 |
Tier 1 capital (to risk-weighted assets), ratio for capital adequacy purposes | 6.00% | 4.00% |
Tier 1 capital (to risk-weighted assets), amount to be well capitalized under prompt corrective action provisions | 37,244 | 28,176 |
Tier 1 capital (to risk-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 8.00% | 6.00% |
Tier 1 capital (to average-weighted assets), actual amount | 66,646 | 65,112 |
Tier 1 capital (to average-weighted assets), actual ratio | 9.50% | 9.40% |
Tier 1 capital (to average-weighted assets), amount for capital adequacy purposes | 28,012 | 27,671 |
Tier 1 capital (to average-weighted assets), ratio for capital adequacy purposes | 4.00% | 4.00% |
Tier 1 capital (to average-weighted assets), amount to be well capitalized under prompt corrective action provisions | 35,015 | 34,589 |
Tier 1 capital (to average-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 5.00% | 5.00% |
Common equity tier 1 capital (to risk-weighted assets), actual amount | 66,646 | |
Common equity tier 1 capital (to risk-weighted assets), actual ratio | 14.30% | |
Common equity tier 1 capital (to risk-weighted assets), amount for capital adequacy purposes | 20,950 | |
Common equity tier 1 capital (to risk-weighted assets), ratio for capital adequacy purposes | 4.50% | |
Common equity tier 1 capital (to risk-weighted assets), amount to be well capitalized under prompt corrective action provisions | 30,261 | |
Common equity tier 1 capital (to risk-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 6.50% | |
Conducts Business Out of Offices at Story City, Garner and Kleme, Iowa [Member] | Reliance State Bank [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total capital (to risk-weighted assets), actual amount | 23,040 | 21,727 |
Total capital (to risk-weighted assets), actual ratio | 13.90% | 13.20% |
Total capital (to risk-weighted assets), amount for capital adequacy purposes | 13,234 | 13,166 |
Total capital (to risk-weighted assets), ratio for capital adequacy purposes | 8.00% | 8.00% |
Total capital (to risk-weighted assets), amount to be well capitalized under prompt corrective action provisions | 16,543 | 16,457 |
Total capital (to risk-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 10.00% | 10.00% |
Tier 1 capital (to risk-weighted assets), actual amount | 21,266 | 19,966 |
Tier 1 capital (to risk-weighted assets), actual ratio | 12.90% | 12.10% |
Tier 1 capital (to risk-weighted assets), amount for capital adequacy purposes | 9,926 | 6,583 |
Tier 1 capital (to risk-weighted assets), ratio for capital adequacy purposes | 6.00% | 4.00% |
Tier 1 capital (to risk-weighted assets), amount to be well capitalized under prompt corrective action provisions | 13,234 | 9,874 |
Tier 1 capital (to risk-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 8.00% | 6.00% |
Tier 1 capital (to average-weighted assets), actual amount | 21,266 | 19,966 |
Tier 1 capital (to average-weighted assets), actual ratio | 10.30% | 9.60% |
Tier 1 capital (to average-weighted assets), amount for capital adequacy purposes | 8,267 | 8,321 |
Tier 1 capital (to average-weighted assets), ratio for capital adequacy purposes | 4.00% | 4.00% |
Tier 1 capital (to average-weighted assets), amount to be well capitalized under prompt corrective action provisions | 10,334 | 10,402 |
Tier 1 capital (to average-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 5.00% | 5.00% |
Common equity tier 1 capital (to risk-weighted assets), actual amount | 21,266 | |
Common equity tier 1 capital (to risk-weighted assets), actual ratio | 12.90% | |
Common equity tier 1 capital (to risk-weighted assets), amount for capital adequacy purposes | 7,444 | |
Common equity tier 1 capital (to risk-weighted assets), ratio for capital adequacy purposes | 4.50% | |
Common equity tier 1 capital (to risk-weighted assets), amount to be well capitalized under prompt corrective action provisions | 10,753 | |
Common equity tier 1 capital (to risk-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 6.50% | |
Boone Bank & Trust [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total capital (to risk-weighted assets), actual amount | 14,066 | 13,948 |
Total capital (to risk-weighted assets), actual ratio | 15.80% | 15.70% |
Total capital (to risk-weighted assets), amount for capital adequacy purposes | 7,105 | 7,123 |
Total capital (to risk-weighted assets), ratio for capital adequacy purposes | 8.00% | 8.00% |
Total capital (to risk-weighted assets), amount to be well capitalized under prompt corrective action provisions | 8,882 | 8,904 |
Total capital (to risk-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 10.00% | 10.00% |
Tier 1 capital (to risk-weighted assets), actual amount | 13,199 | 13,084 |
Tier 1 capital (to risk-weighted assets), actual ratio | 14.90% | 14.70% |
Tier 1 capital (to risk-weighted assets), amount for capital adequacy purposes | 5,329 | 3,562 |
Tier 1 capital (to risk-weighted assets), ratio for capital adequacy purposes | 6.00% | 4.00% |
Tier 1 capital (to risk-weighted assets), amount to be well capitalized under prompt corrective action provisions | 7,105 | 5,342 |
Tier 1 capital (to risk-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 8.00% | 6.00% |
Tier 1 capital (to average-weighted assets), actual amount | 13,199 | 13,084 |
Tier 1 capital (to average-weighted assets), actual ratio | 10.20% | 9.80% |
Tier 1 capital (to average-weighted assets), amount for capital adequacy purposes | 5,160 | 5,325 |
Tier 1 capital (to average-weighted assets), ratio for capital adequacy purposes | 4.00% | 4.00% |
Tier 1 capital (to average-weighted assets), amount to be well capitalized under prompt corrective action provisions | 6,450 | 6,656 |
Tier 1 capital (to average-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 5.00% | 5.00% |
Common equity tier 1 capital (to risk-weighted assets), actual amount | 13,199 | |
Common equity tier 1 capital (to risk-weighted assets), actual ratio | 14.90% | |
Common equity tier 1 capital (to risk-weighted assets), amount for capital adequacy purposes | 3,997 | |
Common equity tier 1 capital (to risk-weighted assets), ratio for capital adequacy purposes | 4.50% | |
Common equity tier 1 capital (to risk-weighted assets), amount to be well capitalized under prompt corrective action provisions | 5,773 | |
Common equity tier 1 capital (to risk-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 6.50% | |
State Bank and Trust [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total capital (to risk-weighted assets), actual amount | 18,924 | 18,708 |
Total capital (to risk-weighted assets), actual ratio | 16.20% | 15.80% |
Total capital (to risk-weighted assets), amount for capital adequacy purposes | 9,340 | 9,485 |
Total capital (to risk-weighted assets), ratio for capital adequacy purposes | 8.00% | 8.00% |
Total capital (to risk-weighted assets), amount to be well capitalized under prompt corrective action provisions | 11,675 | 11,856 |
Total capital (to risk-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 10.00% | 10.00% |
Tier 1 capital (to risk-weighted assets), actual amount | 17,463 | 17,224 |
Tier 1 capital (to risk-weighted assets), actual ratio | 15.00% | 14.50% |
Tier 1 capital (to risk-weighted assets), amount for capital adequacy purposes | 7,005 | 4,742 |
Tier 1 capital (to risk-weighted assets), ratio for capital adequacy purposes | 6.00% | 4.00% |
Tier 1 capital (to risk-weighted assets), amount to be well capitalized under prompt corrective action provisions | 9,340 | 7,113 |
Tier 1 capital (to risk-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 8.00% | 6.00% |
Tier 1 capital (to average-weighted assets), actual amount | 17,463 | 17,224 |
Tier 1 capital (to average-weighted assets), actual ratio | 10.80% | 10.90% |
Tier 1 capital (to average-weighted assets), amount for capital adequacy purposes | 6,489 | 6,318 |
Tier 1 capital (to average-weighted assets), ratio for capital adequacy purposes | 4.00% | 4.00% |
Tier 1 capital (to average-weighted assets), amount to be well capitalized under prompt corrective action provisions | 8,111 | 7,898 |
Tier 1 capital (to average-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 5.00% | 5.00% |
Common equity tier 1 capital (to risk-weighted assets), actual amount | 17,463 | |
Common equity tier 1 capital (to risk-weighted assets), actual ratio | 15.00% | |
Common equity tier 1 capital (to risk-weighted assets), amount for capital adequacy purposes | 5,254 | |
Common equity tier 1 capital (to risk-weighted assets), ratio for capital adequacy purposes | 4.50% | |
Common equity tier 1 capital (to risk-weighted assets), amount to be well capitalized under prompt corrective action provisions | 7,589 | |
Common equity tier 1 capital (to risk-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 6.50% | |
United Bank and Trust [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total capital (to risk-weighted assets), actual amount | 14,227 | 14,089 |
Total capital (to risk-weighted assets), actual ratio | 20.70% | 21.30% |
Total capital (to risk-weighted assets), amount for capital adequacy purposes | 5,508 | 5,295 |
Total capital (to risk-weighted assets), ratio for capital adequacy purposes | 8.00% | 8.00% |
Total capital (to risk-weighted assets), amount to be well capitalized under prompt corrective action provisions | 6,885 | 6,618 |
Total capital (to risk-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 10.00% | 10.00% |
Tier 1 capital (to risk-weighted assets), actual amount | 13,451 | 13,313 |
Tier 1 capital (to risk-weighted assets), actual ratio | 19.50% | 20.10% |
Tier 1 capital (to risk-weighted assets), amount for capital adequacy purposes | 4,131 | 2,647 |
Tier 1 capital (to risk-weighted assets), ratio for capital adequacy purposes | 6.00% | 4.00% |
Tier 1 capital (to risk-weighted assets), amount to be well capitalized under prompt corrective action provisions | 5,508 | 3,971 |
Tier 1 capital (to risk-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 8.00% | 6.00% |
Tier 1 capital (to average-weighted assets), actual amount | 13,451 | 13,313 |
Tier 1 capital (to average-weighted assets), actual ratio | 12.40% | 12.30% |
Tier 1 capital (to average-weighted assets), amount for capital adequacy purposes | 4,326 | 4,315 |
Tier 1 capital (to average-weighted assets), ratio for capital adequacy purposes | 4.00% | 4.00% |
Tier 1 capital (to average-weighted assets), amount to be well capitalized under prompt corrective action provisions | 5,407 | 5,394 |
Tier 1 capital (to average-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 5.00% | 5.00% |
Common equity tier 1 capital (to risk-weighted assets), actual amount | 13,451 | |
Common equity tier 1 capital (to risk-weighted assets), actual ratio | 19.50% | |
Common equity tier 1 capital (to risk-weighted assets), amount for capital adequacy purposes | 3,098 | |
Common equity tier 1 capital (to risk-weighted assets), ratio for capital adequacy purposes | 4.50% | |
Common equity tier 1 capital (to risk-weighted assets), amount to be well capitalized under prompt corrective action provisions | $4,475 | |
Common equity tier 1 capital (to risk-weighted assets), ratio to be well capitalized under prompt corrective action provisions | 6.50% |