Document_and_Entity_Informatio
Document and Entity Information (USD $) | 9 Months Ended | ||
Sep. 30, 2013 | Oct. 31, 2013 | Jun. 30, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'UNITED SECURITY BANCSHARES | ' | ' |
Entity Central Index Key | '0001137547 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Public Float | ' | ' | $43,148,493 |
Entity Common Stock, Shares Outstanding | ' | 14,653,336 | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'Q3 | ' | ' |
Document Type | '10-Q | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 30-Sep-13 | ' | ' |
Consolidated_Balance_Sheets_un
Consolidated Balance Sheets (unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | |
In Thousands, unless otherwise specified | |||
Assets | ' | ' | |
Cash and due from banks | $28,552 | $27,481 | |
Cash and due from FRB | 153,290 | 114,146 | |
Cash and cash equivalents | 181,842 | 141,627 | |
Interest-bearing deposits in other banks | 1,513 | 1,507 | |
Investment securities available for sale (at fair value) | 32,577 | [1] | 31,844 |
Loans and leases | 384,030 | 400,057 | |
Unearned fees and unamortized loan origination costs | -38 | -24 | |
Allowance for credit losses | -10,552 | -11,784 | |
Net loans | 373,440 | 388,249 | |
Accrued interest receivable | 1,397 | 1,694 | |
Premises and equipment - net | 12,088 | 12,262 | |
Other real estate owned | 17,125 | 23,932 | |
Intangible assets | 109 | 249 | |
Goodwill | 4,488 | 4,488 | |
Cash surrender value of life insurance | 17,072 | 16,681 | |
Investment in limited partnerships | 4,018 | 4,312 | |
Deferred income taxes - net | 10,130 | 9,724 | |
Other assets | 5,932 | 12,308 | |
Total assets | 661,731 | 648,877 | |
Deposits | ' | ' | |
Noninterest bearing | 236,112 | 217,014 | |
Interest bearing | 335,364 | 346,273 | |
Total deposits | 571,476 | 563,287 | |
Accrued interest payable | 57 | 71 | |
Accounts payable and other liabilities | 5,895 | 6,010 | |
Junior subordinated debentures (at fair value) | 10,804 | 10,068 | |
Total liabilities | 588,232 | 579,436 | |
Shareholders' Equity | ' | ' | |
Common stock, no par value 20,000,000 shares authorized, 14,653,336 issued and outstanding at September 30, 2013, and 14,217,303 at December 31, 2012 | 45,038 | 43,173 | |
Retained earnings | 28,662 | 26,179 | |
Accumulated other comprehensive (loss) income | -201 | 89 | |
Total shareholders' equity | 73,499 | 69,441 | |
Total liabilities and shareholders' equity | $661,731 | $648,877 | |
[1] | Recurring |
Consolidated_Balance_Sheets_un1
Consolidated Balance Sheets (unaudited) (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Shareholders' Equity | ' | ' |
Common stock, par value (in dollars per share) | ' | ' |
Common stock, shares authorized (in shares) | 20,000,000 | 20,000,000 |
Common stock, shares issued (in shares) | 14,653,336 | 14,217,303 |
Common stock, shares outstanding (in shares) | 14,653,336 | 14,217,303 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Interest Income: | ' | ' | ' | ' |
Loans, including fees | $5,545 | $5,670 | $16,565 | $17,678 |
Investment securities - AFS - taxable | 157 | 397 | 495 | 1,375 |
Interest on deposits in FRB | 88 | 62 | 223 | 157 |
Interest on deposits in other banks | 2 | 2 | 6 | 22 |
Total interest income | 5,792 | 6,131 | 17,289 | 19,232 |
Interest Expense: | ' | ' | ' | ' |
Interest on deposits | 301 | 441 | 1,043 | 1,356 |
Interest on other borrowings | 64 | 68 | 217 | 207 |
Total interest expense | 365 | 509 | 1,260 | 1,563 |
Net Interest Income Before Provision for Credit Losses | 5,427 | 5,622 | 16,029 | 17,669 |
Provision for Credit Losses | -1,150 | 4 | -1,120 | 1,010 |
Net Interest Income | 6,577 | 5,618 | 17,149 | 16,659 |
Noninterest Income: | ' | ' | ' | ' |
Customer service fees | 873 | 902 | 2,554 | 2,700 |
Increase in cash surrender value of bank-owned life insurance | 140 | 147 | 417 | 427 |
Loss on sale of securities | 0 | -10 | 0 | -10 |
Impairment loss on investment securities | 0 | -113 | 0 | -284 |
(Loss) gain on fair value of financial liability | 141 | -171 | -519 | -284 |
Gain on sale of other investment | 0 | 0 | 0 | 1,807 |
Other | 259 | 218 | 586 | 599 |
Total noninterest income | 1,413 | 973 | 3,038 | 4,955 |
Noninterest Expense: | ' | ' | ' | ' |
Salaries and employee benefits | 2,210 | 2,078 | 6,684 | 6,676 |
Occupancy expense | 905 | 1,004 | 2,693 | 2,608 |
Data processing | 33 | 15 | 126 | 53 |
Professional fees | 316 | 408 | 1,136 | 1,092 |
Regulatory assessments | 334 | 275 | 1,032 | 1,058 |
Director fees | 58 | 61 | 175 | 196 |
Amortization of intangibles | 47 | 79 | 140 | 248 |
Correspondent bank service charges | 72 | 75 | 229 | 235 |
Loss on California tax credit partnership | 86 | 23 | 151 | 207 |
Net cost (gain) on operation and sale of OREO | 182 | -91 | -1,036 | 238 |
Other | 711 | 520 | 1,851 | 1,722 |
Total noninterest expense | 4,954 | 4,447 | 13,181 | 14,333 |
Income Before Provision for Taxes | 3,036 | 2,144 | 7,006 | 7,281 |
Provision for Taxes on Income | 1,184 | 778 | 2,683 | 2,690 |
Net Income | $1,852 | $1,366 | $4,323 | $4,591 |
Net Income per common share | ' | ' | ' | ' |
Basic (in dollars per share) | $0.13 | $0.09 | $0.30 | $0.32 |
Diluted (in dollars per share) | $0.13 | $0.09 | $0.30 | $0.32 |
Shares on which net income per common shares were based | ' | ' | ' | ' |
Basic (in shares) | 14,653,336 | 14,507,796 | 14,650,992 | 14,507,796 |
Diluted (in shares) | 14,653,570 | 14,507,796 | 14,651,915 | 14,507,796 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net Income | $1,852 | $1,366 | $4,323 | $4,591 |
Unrealized holdings gains (losses) on securities | -127 | 811 | -542 | 1,494 |
Unrealized gains on unrecognized post retirement costs | 20 | 0 | 60 | 0 |
Other comprehensive (loss) income, before tax | -107 | 811 | -482 | 1,494 |
Tax benefit (expense) related to securities | 50 | -324 | 217 | -597 |
Tax expense related to unrecognized post retirement costs | -8 | 0 | -25 | 0 |
Total other comprehensive (loss) income | -65 | 487 | -290 | 897 |
Comprehensive income | $1,787 | $1,853 | $4,033 | $5,488 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Shareholders' Equity (unaudited) (USD $) | Total | Common Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
In Thousands, except Share data, unless otherwise specified | ||||
Balance at Dec. 31, 2011 | $62,173 | $41,435 | $21,447 | ($709) |
Balance (in shares) at Dec. 31, 2011 | ' | 13,531,832 | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' |
Other comprehensive (loss) income | 897 | ' | ' | 897 |
Common stock dividends | 0 | 984 | -984 | ' |
Common stock dividends (in shares) | ' | 409,985 | ' | ' |
Stock-based compensation expense | 13 | 13 | ' | ' |
Net Income | 4,591 | ' | 4,591 | ' |
Balance at Sep. 30, 2012 | 67,674 | 42,432 | 25,054 | 188 |
Balance (in shares) at Sep. 30, 2012 | ' | 13,941,817 | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' |
Other comprehensive (loss) income | -99 | ' | ' | -99 |
Common stock dividends | ' | 353 | -353 | ' |
Common stock dividends (in shares) | ' | 140,725 | ' | ' |
Common stock issuance | 383 | 383 | ' | ' |
Common stock issuance (in shares) | ' | 134,761 | ' | ' |
Stock-based compensation expense | 5 | 5 | ' | ' |
Net Income | 1,478 | ' | 1,478 | ' |
Balance at Dec. 31, 2012 | 69,441 | 43,173 | 26,179 | 89 |
Balance (in shares) at Dec. 31, 2012 | 14,217,303 | 14,217,303 | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' |
Other comprehensive (loss) income | -290 | ' | ' | -290 |
Common stock dividends | 0 | 1,840 | -1,840 | ' |
Common stock dividends (in shares) | ' | 430,831 | ' | ' |
Stock option exercised | 12 | 12 | ' | ' |
Stock option exercised (Shares) | ' | 5,202 | ' | ' |
Stock-based compensation expense | 13 | 13 | ' | ' |
Net Income | 4,323 | ' | 4,323 | ' |
Balance at Sep. 30, 2013 | $73,499 | $45,038 | $28,662 | ($201) |
Balance (in shares) at Sep. 30, 2013 | 14,653,336 | 14,653,336 | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Cash Flows From Operating Activities: | ' | ' |
Net Income | $4,323 | $4,591 |
Adjustments to reconcile net income to cash provided by operating activities: | ' | ' |
Provision for credit losses | -1,120 | 1,010 |
Depreciation and amortization | 967 | 923 |
Amortization of investment securities | 20 | 24 |
Accretion of investment securities | -49 | -150 |
Decrease in accrued interest receivable | 297 | 326 |
Decrease in accrued interest payable | -14 | -17 |
Increase (decrease) in accounts payable and accrued liabilities | 156 | -66 |
Increase (decrease) in unearned fees | 14 | -182 |
Increase in income taxes payable | 6,575 | 2,754 |
Stock-based compensation expense | 13 | 13 |
Deferred income taxes | 272 | 25 |
Gain on sale of other real estate owned | -1,949 | -386 |
Impairment loss on other real estate owned | 214 | 0 |
Impairment loss on investment securities | 0 | 284 |
Impairment loss on investment in bank stock | 0 | 76 |
Increase in surrender value of life insurance | -442 | -427 |
Loss on fair value option of financial liabilities | 519 | 284 |
Loss on tax credit limited partnership interest | 151 | 207 |
Amortization of Goodwill and CDI | 140 | 248 |
Loss on sale of investment securities | 0 | 10 |
Gain on sale of other investment | 0 | -1,807 |
Net (increase) decrease in other assets | -920 | -263 |
Net cash provided by operating activities | 9,167 | 7,477 |
Cash Flows From Investing Activities: | ' | ' |
Net (increase) decrease in interest-bearing deposits with banks | -6 | 681 |
Redemption of correspondent bank stock | 433 | 438 |
Purchases of available-for-sale securities | -8,302 | -11,022 |
Maturities and calls of available-for-sale securities | 3,600 | 3,508 |
Principal payments of available-for-sale securities | 3,458 | 5,088 |
SERP distributions | 0 | -31 |
Net decrease in loans | 17,806 | 29,139 |
Cash proceeds from sales of other real estate owned | 6,651 | 3,988 |
Cash proceeds from sale of other investment | 0 | 2,174 |
Cash proceeds from sale of premises and equipment | 0 | 36 |
Capital expenditures for premises and equipment | -793 | -769 |
Net cash provided by investing activities | 22,847 | 33,230 |
Cash Flows From Financing Activities: | ' | ' |
Net decrease in demand deposit and savings accounts | 16,372 | 10,752 |
Net decrease in certificates of deposit | -8,183 | -34,123 |
Proceeds from exercise of stock options | 12 | 0 |
Net cash provided by (used in) financing activities | 8,201 | -23,371 |
Net increase in cash and cash equivalents | 40,215 | 17,336 |
Cash and cash equivalents at beginning of period | 141,627 | 124,184 |
Cash and cash equivalents at end of period | $181,842 | $141,520 |
Organization_and_Summary_of_Si
Organization and Summary of Significant Accounting and Reporting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Organization and Summary of Significant Accounting and Reporting Policies | ' |
Organization and Summary of Significant Accounting and Reporting Policies | |
The consolidated financial statements include the accounts of United Security Bancshares, and its wholly owned subsidiary United Security Bank (the “Bank”) and two bank subsidiaries, USB Investment Trust (the “REIT”) and United Security Emerging Capital Fund, (collectively the “Company” or “USB”). Intercompany accounts and transactions have been eliminated in consolidation. | |
These unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information on a basis consistent with the accounting policies reflected in the audited financial statements of the Company included in its 2012 Annual Report on Form 10-K. These interim financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of a normal, recurring nature) considered necessary for a fair presentation have been included. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for any other interim period or for the year as a whole. | |
Certain reclassifications have been made to the 2012 financial statements to conform to the classifications used in 2013. | |
Recently Issued Accounting Standards: | |
In February 2013, The Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, to improve the transparency of reporting reclassifications out of accumulated other comprehensive income. ASU 2013-02 requires an organization to present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income–but only if the item reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. The amendments are effective for reporting periods beginning after December 15, 2012. The amounts reclassified out of net income were not significant and this ASU did not have a significant impact on the Company’s financial statements. | |
In January 2013, the FASB issued ASU No. 2013-01 Balance Sheet (Topic 210) Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, which clarifies that ordinary trade receivables and receivables are not in the scope of ASU 2011-11. It further clarifies that the scope of ASU No. 2011-11 applies to derivatives, repurchase agreements and reverse purchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with specific criteria contained in FASB Accounting Standards Codification® or subject to a master netting arrangement or similar agreement. Both ASU 2011-11 and ASU 2013-1 are effective for annual periods beginning on or after January 1, 2013, and interim periods within those annual periods. The Company adopted these ASUs during the first quarter of 2013 and they did not have a material impact on its financial statements. | |
In December 2011, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2011-11 Balance Sheet (Topic 210) Disclosures about Offsetting Assets and Liabilities. The ASU enhances disclosures in order to improve the comparability of offsetting (netting) assets and liabilities reported in accordance with U.S. generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS) by requiring entities to disclose both gross information and net information about both instruments and transactions eligible for offset in the statements of condition and instruments and transactions subject to an agreement similar to a master netting arrangement. This ASU did not have a significant impact on the Company’s financial statements. |
Investment_Securities_Availabl
Investment Securities Available for Sale and Other Investments | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | |||||||||||||||||||||||
Investment Securities Available for Sale and Other Investments | ' | |||||||||||||||||||||||
Investment Securities Available for Sale and Other Investments | ||||||||||||||||||||||||
Following is a comparison of the amortized cost and fair value of securities available-for-sale, as of September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||||
(In thousands) | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value (Carrying Amount) | ||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||
U.S. Government agencies | $ | 25,803 | $ | 675 | $ | (7 | ) | $ | 26,471 | |||||||||||||||
U.S. Government collateralized mortgage obligations | 2,172 | 147 | — | 2,319 | ||||||||||||||||||||
Mutual Funds | 4,000 | — | (213 | ) | 3,787 | |||||||||||||||||||
Total securities available for sale | $ | 31,975 | $ | 822 | $ | (220 | ) | $ | 32,577 | |||||||||||||||
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value (Carrying Amount) | |||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||
U.S. Government agencies | $ | 23,433 | $ | 933 | $ | — | $ | 24,366 | ||||||||||||||||
U.S. Government collateralized mortgage obligations | 3,266 | 251 | — | 3,517 | ||||||||||||||||||||
Mutual Funds | 4,000 | — | (39 | ) | 3,961 | |||||||||||||||||||
Total securities available for sale | $ | 30,699 | $ | 1,184 | $ | (39 | ) | $ | 31,844 | |||||||||||||||
The amortized cost and fair value of securities available for sale at September 30, 2013, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because issuers have the right to call or prepay obligations with or without call or prepayment penalties. Contractual maturities on collateralized mortgage obligations cannot be anticipated due to allowed paydowns. Mutual funds are included in the "due in one year or less" category below. | ||||||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||
Amortized Cost | Fair Value (Carrying Amount) | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Due in one year or less | $ | 4,023 | $ | 3,811 | ||||||||||||||||||||
Due after one year through five years | 12,234 | 12,271 | ||||||||||||||||||||||
Due after five years through ten years | 1,924 | 2,066 | ||||||||||||||||||||||
Due after ten years | 11,622 | 12,110 | ||||||||||||||||||||||
Collateralized mortgage obligations | 2,172 | 2,319 | ||||||||||||||||||||||
$ | 31,975 | $ | 32,577 | |||||||||||||||||||||
There were no realized gains or losses on sale of available-for-sale securities for the nine months ended September 30, 2013, compared to a $10,000 realized loss on sale of available-for sale securities for the same period ended September 30, 2012. There were no other-than-temporary impairment losses for the three and nine months ended September 30, 2013. There were other-than-temporary impairment losses on certain of the Company’s private label mortgage-backed securities of $113,000 and $284,000 for the three and nine months ended September 30, 2012. | ||||||||||||||||||||||||
At September 30, 2013 available-for-sale securities with an amortized cost of approximately $19,688,000 (fair value of $20,489,000) were pledged as collateral for FHLB borrowings and public funds balances. | ||||||||||||||||||||||||
The Company had no held-to-maturity or trading securities at September 30, 2013 or December 31, 2012. | ||||||||||||||||||||||||
Management periodically evaluates each available-for-sale investment security in an unrealized loss position to determine if the impairment is temporary or other-than-temporary. | ||||||||||||||||||||||||
The following summarizes temporarily impaired investment securities: | ||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
30-Sep-13 | Fair Value (Carrying Amount) | Unrealized Losses | Fair Value (Carrying Amount) | Unrealized Losses | Fair Value (Carrying Amount) | Unrealized Losses | ||||||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||
U.S. Government agencies | $ | 6,303 | $ | (7 | ) | $ | — | $ | — | $ | 6,303 | $ | (7 | ) | ||||||||||
U.S. Government agency collateral mortgage obligations | — | — | — | — | — | — | ||||||||||||||||||
Mutual Funds | 3,787 | (213 | ) | — | — | 3,787 | (213 | ) | ||||||||||||||||
Total impaired securities | $ | 10,090 | $ | (220 | ) | $ | — | $ | — | $ | 10,090 | $ | (220 | ) | ||||||||||
December 31, 2012: | ||||||||||||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||
U.S. Government agencies | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
U.S. Government agency collateral mortgage obligations | — | — | — | — | — | — | ||||||||||||||||||
Mutual Funds | 3,961 | (39 | ) | — | — | 3,961 | (39 | ) | ||||||||||||||||
Total impaired securities | $ | 3,961 | $ | (39 | ) | $ | — | $ | — | $ | 3,961 | $ | (39 | ) | ||||||||||
The Company evaluates investment securities for other-than-temporary impairment (OTTI) at least quarterly, and more frequently when economic or market conditions warrant such an evaluation. The investment securities portfolio is evaluated for OTTI by segregating the portfolio into two general segments and applying the appropriate OTTI model. Investment securities classified as available for sale or held-to-maturity are generally evaluated for OTTI under ASC Topic 320, Investments – Debt and Equity Instruments. Certain purchased beneficial interests, including non-agency mortgage-backed securities, asset-backed securities, and collateralized debt obligations, are evaluated under ASC Topic 325-40, Beneficial Interest in Securitized Financial Assets. | ||||||||||||||||||||||||
In the first segment, the Company considers many factors in determining OTTI, including: (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, (3) whether the market decline was affected by macroeconomic conditions, and (4) whether the Company has the intent to sell the debt security or more likely than not will be required to sell the debt security before its anticipated recovery. The assessment of whether an other-than-temporary decline exists involves a high degree of subjectivity and judgment and is based on the information available to the Company at the time of the evaluation. | ||||||||||||||||||||||||
The second segment of the portfolio uses the OTTI guidance that is specific to purchased beneficial interests including private label mortgage-backed securities. Under this model, the Company compares the present value of the remaining cash flows as estimated at the preceding evaluation date to the current expected remaining cash flows. An OTTI is deemed to have occurred if there has been an adverse change in the remaining expected future cash flows. | ||||||||||||||||||||||||
Other-than-temporary-impairment occurs when the Company intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis less any current-period credit loss. If an entity intends to sell or more likely than not will be required to sell the security before recovery of its amortized cost basis less any current-period credit loss, the other-than-temporary-impairment shall be recognized in earnings equal to the entire difference between the investment’s amortized cost basis and its fair value at the balance sheet date. If an entity does not intend to sell the security and it is not more likely than not that the entity will be required to sell the security before recovery of its amortized cost basis less any current-period loss, the other-than-temporary-impairment shall be separated into the amount representing the credit loss and the amount related to all other factors. The amount of the total other-than-temporary-impairment related to the credit loss is recognized in earnings, and is determined based on the difference between the present value of cash flows expected to be collected and the current amortized cost of the security. The amount of the total other-than-temporary-impairment related to other factors shall be recognized in other comprehensive (loss) income, net of applicable taxes. The previous amortized cost basis less the other-than-temporary-impairment recognized in earnings shall become the new amortized cost basis of the investment. | ||||||||||||||||||||||||
At September 30, 2013, the decline in market value of the impaired securities is attributable to changes in interest rates, and not credit quality. Because the Company does not have the intent to sell these impaired securities and it is not more likely than not that it will be required to sell the securities before their anticipated recovery, the Company does not consider these securities to be other-than-temporarily impaired at September 30, 2013. | ||||||||||||||||||||||||
At September 30, 2013 and December 31, 2012, the Company had no securities which have been impaired more than twelve months. At September 30, 2013, the Company had three U.S. Government agency securities and a mutual fund which have been impaired for less than twelve months. The three U.S. Government agency securities had an aggregate fair value of $6,303,000 and unrealized losses of $7,000. The mutual fund had a fair value of $3,787,000 and an unrealized loss of $213,000. | ||||||||||||||||||||||||
At September 30, 2012, the Company had three private label mortgage-backed securities which had been impaired more than twelve months. The three private label mortgage-backed securities had an aggregate fair value of $8,814,000 and unrealized losses of approximately $394,000 at September 30, 2012. All three private label mortgage-backed securities were rated less than high credit quality at September 30, 2012. The Company evaluated these three private label mortgage-backed securities for OTTI by comparing the present value of expected cash flows to previous estimates to determine whether there had been adverse changes in cash flows during the period. The OTTI evaluation was conducted utilizing the services of a third party specialist and consultant in Mortgage Backed Securities (MBS) and Collateralized Mortgage Obligations (CMO) products. The cash flow assumptions used in the evaluation at September 30, 2012 utilized a discounted cash flow valuation technique using a “Liquidation Scenario” whereby loans are evaluated by delinquency and are assigned probability of default and loss factors deemed appropriate in the current economic environment. The liquidation scenario assumes that all loans 60 or more days past due are liquidated and losses are realized over a period of between six and twenty-four months based upon current 3-month trailing loss severities obtained from reputable financial data sources. In determining fair value under the discounted cash flow analysis, all loans within the mortgage pools, including those less than 60 or more past due, are evaluated for other-than-temporary impairment utilizing the following components: | ||||||||||||||||||||||||
- Collateral Cash Flows: Loan level cash flows are evaluated based upon estimated prepayment speeds, default rates, and estimated loss severities of liquidated assets. | ||||||||||||||||||||||||
- Prepayment Assumptions: Prepayment speeds are based upon the borrower’s incentive to pay as well as their ability to pay based upon their credit. In addition, conditional prepayment rates (CPR) and conditional repayment rates (CRR) are evaluated. | ||||||||||||||||||||||||
- Default Rates: The default assumptions are vectored and are expressed as conditional default rates (CDR), which are based upon the current status of the loan. The model assumes that the 60 day plus population will move to repossession inventory subject to loss migration assumptions and liquidate over the next 24 months. Defaults vector from month 25 to month 36 to the month 37 CDR value. The loans less than 60 days delinquent influence the month 37 CDR value. The default assumptions continue from month 37 but vector down over an extended period of at least 15 years from the valuation date. Default rate assumptions are benchmarked to the recent results experienced by major servicers of of non-Agency MBS for securities with similar attributes and forecasts from the industry experts and industry research. | ||||||||||||||||||||||||
- Loss Severity: Estimates of loss severity for each loan are based upon initial LTV ratios, the loan’s lien position, mortgage insurance coverage, and any change in the property’s price since the loan was originated. | ||||||||||||||||||||||||
- Bond Waterfall: With other components of the individual loans within the collateralized mortgage pools evaluated, the cash flows are allocated to securities based upon contractual waterfall rules provided in the securities prospectus. | ||||||||||||||||||||||||
- Internal Rate of Return: Future estimated cash flow streams are discounted at pretax yield rates calculated using both credit and non-credit components to determine what the required IRRs would be for similar securities in a market that is generally illiquid. | ||||||||||||||||||||||||
As a result of the impairment evaluation, the Company determined that there had been adverse changes in cash flows in all three of the private label mortgage-backed securities, and concluded that these three private label mortgage-backed securities were other-than-temporarily impaired. At September 30, 2012, the three private label mortgage-backed securities had cumulative other-than-temporary-impairment losses of $2,645,000, $394,000 of which was recorded in other comprehensive loss. During the nine months ended September 30, 2012, the company recorded OTTI impairment expense of $284,000 on the three private label mortgage-backed securities. These three private label mortgage-backed securities remained classified as available for sale at September 30, 2012 and were subsequently sold during the fourth quarter of 2012. | ||||||||||||||||||||||||
The following table details the three private label mortgage-backed securities with other-than-temporary-impairment, their credit rating at September 30, 2012, the related credit losses recognized in earnings during the quarter, and impairment losses in other comprehensive loss: | ||||||||||||||||||||||||
30-Sep-12 | RALI 2006-QS1G | RALI 2006 QS8 | CWALT 2007- | |||||||||||||||||||||
A10 | A1 | 8CB A9 | ||||||||||||||||||||||
(in thousands) | Rated D | Rated D | Rated CCC | Total | ||||||||||||||||||||
Amortized cost – before OTTI | $ | 3,611 | $ | 1,101 | $ | 6,747 | $ | 11,459 | ||||||||||||||||
Credit loss | (771 | ) | (232 | ) | (1,248 | ) | (2,251 | ) | ||||||||||||||||
Other impairment (OCI) | (124 | ) | (5 | ) | (265 | ) | (394 | ) | ||||||||||||||||
Carrying amount – September 30, 2012 | $ | 2,716 | $ | 864 | $ | 5,234 | $ | 8,814 | ||||||||||||||||
Total impairment - September 30, 2012 | $ | (895 | ) | $ | (237 | ) | $ | (1,513 | ) | $ | (2,645 | ) | ||||||||||||
The following table summarizes amounts related to credit losses recognized in earnings for the three and nine months ended ended September 30, 2013 and 2012. | ||||||||||||||||||||||||
Three Months Ended | Three Months Ended | Nine Months Ended | Nine Months Ended | |||||||||||||||||||||
(in thousands) | September 30, 2013 | September 30, 2012 | September 30, 2013 | September 30, 2012 | ||||||||||||||||||||
Beginning balance - credit losses | $ | — | $ | 2,277 | $ | — | $ | 2,257 | ||||||||||||||||
Additions: | ||||||||||||||||||||||||
Initial credit impairments | — | — | — | — | ||||||||||||||||||||
Subsequent credit impairments | — | 113 | — | 284 | ||||||||||||||||||||
Reductions: | ||||||||||||||||||||||||
For securities sold or credit losses realized on principal payments | — | (139 | ) | — | (290 | ) | ||||||||||||||||||
Due to change in intent or requirement to sell | — | — | — | — | ||||||||||||||||||||
For increase expected in cash flows | — | — | — | — | ||||||||||||||||||||
Ending balance - credit losses | $ | — | $ | 2,251 | $ | — | $ | 2,251 | ||||||||||||||||
Loans_and_Leases
Loans and Leases | 9 Months Ended | |||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Loans and Leases | ' | |||||||||||||||||||||||||||||||||||
Loans and Leases | ||||||||||||||||||||||||||||||||||||
Loans are comprised of the following: | ||||||||||||||||||||||||||||||||||||
(In thousands) | September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||||
Commercial and business loans | $ | 68,606 | $ | 69,780 | ||||||||||||||||||||||||||||||||
Government program loans | 2,200 | 2,337 | ||||||||||||||||||||||||||||||||||
Total commercial and industrial | 70,806 | 72,117 | ||||||||||||||||||||||||||||||||||
Real estate – mortgage: | ||||||||||||||||||||||||||||||||||||
Commercial real estate | 142,366 | 133,599 | ||||||||||||||||||||||||||||||||||
Residential mortgages | 50,502 | 55,016 | ||||||||||||||||||||||||||||||||||
Home Improvement and Home Equity loans | 1,469 | 1,319 | ||||||||||||||||||||||||||||||||||
Total real estate mortgage | 194,337 | 189,934 | ||||||||||||||||||||||||||||||||||
RE construction and development | 83,676 | 90,941 | ||||||||||||||||||||||||||||||||||
Agricultural | 24,980 | 36,169 | ||||||||||||||||||||||||||||||||||
Installment | 10,231 | 10,884 | ||||||||||||||||||||||||||||||||||
Commercial lease financing | 0 | 12 | ||||||||||||||||||||||||||||||||||
Total Loans | $ | 384,030 | $ | 400,057 | ||||||||||||||||||||||||||||||||
The Company's loans are predominantly in the San Joaquin Valley and the greater Oakhurst/East Madera County area, as well as the Campbell area of Santa Clara County. Although the Company does participate in loans with other financial institutions, they are primarily in the state of California. | ||||||||||||||||||||||||||||||||||||
Commercial and industrial loans represent 18.4% of total loans at September 30, 2013 and are generally made to support the ongoing operations of small-to-medium sized commercial businesses. Commercial and industrial loans have a high degree of industry diversification and provide working capital, financing for the purchase of manufacturing plants and equipment, or funding for growth and general expansion of businesses. A substantial portion of commercial and industrial loans are secured by accounts receivable, inventory, leases, or other collateral including real estate. The remainder are unsecured; however, extensions of credit are predicated upon the financial capacity of the borrower. Repayment of commercial loans generally comes from the cash flow of the borrower. | ||||||||||||||||||||||||||||||||||||
Real estate mortgage loans, representing 50.6% of total loans at September 30, 2013, are secured by trust deeds on primarily commercial property, but are also secured by trust deeds on single family residences. Repayment of real estate mortgage loans generally comes from the cash flow of the borrower. | ||||||||||||||||||||||||||||||||||||
• | Commercial real estate mortgage loans comprise the largest segment of this loan category and are available on all types of income producing and commercial properties, including: office buildings and shopping centers; apartments and motels; owner-occupied buildings; manufacturing facilities and more. Commercial real estate mortgage loans can also be used to refinance existing debt. Although real estate associated with the business is the primary collateral for commercial real estate mortgage loans, the underlying real estate is not the source of repayment. Commercial real estate loans are made under the premise that the loan will be repaid from the borrower's business operations, rental income associated with the real property, or personal assets. | |||||||||||||||||||||||||||||||||||
• | Residential mortgage loans are provided to individuals to finance or refinance single-family residences. Residential mortgages are not a primary business line offered by the Company, and are generally of a shorter term than conventional mortgages, with maturities ranging from 3 to 15 years on average. | |||||||||||||||||||||||||||||||||||
• | Home Improvement and Home Equity loans comprise a relatively small portion of total real estate mortgage loans, and are offered to borrowers for the purpose of home improvements, although the proceeds may be used for other purposes. Home equity loans are generally secured by junior trust deeds, but may be secured by 1st trust deeds. | |||||||||||||||||||||||||||||||||||
Real estate construction and development loans, representing 21.8% of total loans at September 30, 2013, consist of loans for residential and commercial construction projects, as well as land acquisition and development, or land held for future development. Loans in this category are secured by real estate including improved and unimproved land, as well as single-family residential, multi-family residential, and commercial properties in various stages of completion. All real estate loans have established equity requirements. Repayment on construction loans generally comes from long-term mortgages with other lending institutions obtained at completion of the project. | ||||||||||||||||||||||||||||||||||||
Agricultural loans represent 6.5% of total loans at September 30, 2013 and are generally secured by land, equipment, inventory and receivables. Repayment is from the cash flow of the borrower. | ||||||||||||||||||||||||||||||||||||
Installment loans represent 2.7% of total loans at September 30, 2013 and generally consist of loans to individuals for household, family and other personal expenditures such as credit cards, automobiles or other consumer items. | ||||||||||||||||||||||||||||||||||||
Commercial lease financing loans, consist of loans to small businesses, which are secured by commercial equipment. Repayment of the lease obligation is from the cash flow of the borrower. The Company has no commercial lease financing loans at September 30, 2013. | ||||||||||||||||||||||||||||||||||||
In the normal course of business, the Company is party to financial instruments with off-balance sheet risk to meet the financing needs of its customers. At September 30, 2013 and December 31, 2012, these financial instruments include commitments to extend credit of $71,626,000 and $60,050,000, respectively, and standby letters of credit of $3,001,000 and $2,404,000, respectively. These instruments involve elements of credit risk in excess of the amount recognized on the balance sheet. The contract amounts of these instruments reflect the extent of the involvement the Company has in off-balance sheet financial instruments. | ||||||||||||||||||||||||||||||||||||
The Company’s exposure to credit loss in the event of nonperformance by the counterparty to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amounts of those instruments. The Company uses the same credit policies as it does for on-balance sheet instruments. | ||||||||||||||||||||||||||||||||||||
Commitments to extend credit are agreements to lend to a customer, as long as there is no violation of any condition established in the contract. Substantially all of these commitments are at floating interest rates based on the Prime rate. Commitments generally have fixed expiration dates. The Company evaluates each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management's credit evaluation. Collateral held varies but includes accounts receivable, inventory, leases, property, plant and equipment, residential real estate and income-producing properties. | ||||||||||||||||||||||||||||||||||||
Standby letters of credit are generally unsecured and are issued by the Company to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. | ||||||||||||||||||||||||||||||||||||
Past Due Loans | ||||||||||||||||||||||||||||||||||||
The Company monitors delinquency and potential problem loans on an ongoing basis through weekly reports to the Loan Committee and monthly reports to the Board of Directors. The following is a summary of delinquent loans at September 30, 2013 (in thousands): | ||||||||||||||||||||||||||||||||||||
30-Sep-13 | Loans | Loans | Loans | Total Past Due Loans | Current Loans | Total Loans | Accruing | |||||||||||||||||||||||||||||
30-60 Days Past Due | 61-89 Days Past Due | 90 or More | Loans 90 or | |||||||||||||||||||||||||||||||||
Days Past Due | More Days Past Due | |||||||||||||||||||||||||||||||||||
Commercial and Business Loans | $ | 352 | $ | — | $ | — | $ | 352 | $ | 68,254 | $ | 68,606 | $ | — | ||||||||||||||||||||||
Government Program Loans | — | — | — | 2,200 | 2,200 | — | ||||||||||||||||||||||||||||||
Total Commercial and Industrial | 352 | — | — | 352 | 70,454 | 70,806 | — | |||||||||||||||||||||||||||||
Commercial Real Estate Loans | 506 | 7,165 | 7,671 | 134,695 | 142,366 | — | ||||||||||||||||||||||||||||||
Residential Mortgages | 858 | 257 | 1,115 | 49,387 | 50,502 | — | ||||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | 92 | — | 92 | 1,377 | 1,469 | — | ||||||||||||||||||||||||||||||
Total Real Estate Mortgage | 92 | 1,364 | 7,422 | 8,878 | 185,459 | 194,337 | — | |||||||||||||||||||||||||||||
RE Construction and Development Loans | — | 315 | — | 315 | 83,361 | 83,676 | — | |||||||||||||||||||||||||||||
Agricultural Loans | — | — | — | — | 24,980 | 24,980 | — | |||||||||||||||||||||||||||||
Consumer Loans | 71 | — | — | 71 | 9,846 | 9,917 | — | |||||||||||||||||||||||||||||
Overdraft protection Lines | — | — | — | — | 97 | 97 | — | |||||||||||||||||||||||||||||
Overdrafts | — | — | — | — | 217 | 217 | — | |||||||||||||||||||||||||||||
Total Installment/other | 71 | — | — | 71 | 10,160 | 10,231 | — | |||||||||||||||||||||||||||||
Commercial Lease Financing | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Total Loans | $ | 515 | $ | 1,679 | $ | 7,422 | $ | 9,616 | $ | 374,414 | $ | 384,030 | $ | — | ||||||||||||||||||||||
The following is a summary of delinquent loans at December 31, 2012 (in thousands): | ||||||||||||||||||||||||||||||||||||
31-Dec-12 | Loans | Loans | Loans | Total Past Due Loans | Current Loans | Total Loans | Accruing | |||||||||||||||||||||||||||||
30-60 Days Past Due | 61-89 Days Past Due | 90 or More | Loans 90 or | |||||||||||||||||||||||||||||||||
Days Past Due | More Days Past Due | |||||||||||||||||||||||||||||||||||
Commercial and Business Loans | $ | 65 | $ | — | $ | 256 | $ | 321 | $ | 69,459 | $ | 69,780 | $ | — | ||||||||||||||||||||||
Government Program Loans | 88 | — | — | 88 | 2,249 | 2,337 | — | |||||||||||||||||||||||||||||
Total Commercial and Industrial | 153 | — | 256 | 409 | 71,708 | 72,117 | — | |||||||||||||||||||||||||||||
Commercial Real Estate Loans | 3,152 | 2,130 | 5,328 | 10,610 | 122,989 | 133,599 | — | |||||||||||||||||||||||||||||
Residential Mortgages | 333 | 322 | 437 | 1,092 | 53,924 | 55,016 | — | |||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | 119 | 140 | — | 259 | 1,060 | 1,319 | — | |||||||||||||||||||||||||||||
Total Real Estate Mortgage | 3,604 | 2,592 | 5,765 | 11,961 | 177,973 | 189,934 | — | |||||||||||||||||||||||||||||
RE Construction and Development Loans | — | — | — | — | 90,941 | 90,941 | — | |||||||||||||||||||||||||||||
Agricultural Loans | — | 136 | — | 136 | 36,033 | 36,169 | — | |||||||||||||||||||||||||||||
Consumer Loans | 305 | 34 | — | 339 | 10,300 | 10,639 | — | |||||||||||||||||||||||||||||
Overdraft protection Lines | — | — | — | — | 90 | 90 | — | |||||||||||||||||||||||||||||
Overdrafts | — | — | — | — | 155 | 155 | — | |||||||||||||||||||||||||||||
Total Installment | 305 | 34 | — | 339 | 10,545 | 10,884 | — | |||||||||||||||||||||||||||||
Commercial Lease Financing | — | — | — | — | 12 | 12 | — | |||||||||||||||||||||||||||||
Total Loans | $ | 4,062 | $ | 2,762 | $ | 6,021 | $ | 12,845 | $ | 387,212 | $ | 400,057 | $ | — | ||||||||||||||||||||||
Nonaccrual Loans | ||||||||||||||||||||||||||||||||||||
Commercial, construction and commercial real estate loans are placed on non-accrual status under the following circumstances: | ||||||||||||||||||||||||||||||||||||
- When there is doubt regarding the full repayment of interest and principal. | ||||||||||||||||||||||||||||||||||||
- When principal and/or interest on the loan has been in default for a period of 90-days or more, unless the asset is both well secured and in the process of collection that will result in repayment in the near future. | ||||||||||||||||||||||||||||||||||||
- When the loan is identified as having loss elements and/or is risk rated "8" Doubtful. | ||||||||||||||||||||||||||||||||||||
Other circumstances which jeopardize the ultimate collectability of the loan including certain troubled debt restructurings, identified loan impairment, and certain loans to facilitate the sale of OREO. | ||||||||||||||||||||||||||||||||||||
Loans meeting any of the preceding criteria are placed on non-accrual status and the accrual of interest for financial statement purposes is discontinued. Previously accrued but unpaid interest is reversed and charged against interest income. | ||||||||||||||||||||||||||||||||||||
All other loans where principal or interest is due and unpaid for 90 days or more are placed on non-accrual and the accrual of interest for financial statement purposes is discontinued. Previously accrued but unpaid interest is reversed and charged against interest income. | ||||||||||||||||||||||||||||||||||||
When a loan is placed on non-accrual status and subsequent payments of interest (and principal) are received, the interest received may be accounted for in two separate ways. | ||||||||||||||||||||||||||||||||||||
Cost recovery method: If the loan is in doubt as to full collection, the interest received in subsequent payments is diverted from interest income to a valuation reserve and treated as a reduction of principal for financial reporting purposes. | ||||||||||||||||||||||||||||||||||||
Cash basis: This method is only used if the recorded investment or total contractual amount is expected to be fully collectible, under which circumstances the subsequent payments of interest are credited to interest income as received. | ||||||||||||||||||||||||||||||||||||
Loans on non-accrual status are usually not returned to accrual status unless all delinquent principal and/or interest has been brought current, there is no identified element of loss, and current and continued satisfactory performance is expected (loss of the contractual amount not the carrying amount of the loan). Repayment ability is generally demonstrated through the timely receipt of at least six monthly payments on a loan with monthly amortization. | ||||||||||||||||||||||||||||||||||||
Nonaccrual loans totaled $11,925,000 and $13,425,000 at September 30, 2013 and December 31, 2012, respectively. There were no remaining undisbursed commitments to extend credit on nonaccrual loans at September 30, 2013 or December 31, 2012. | ||||||||||||||||||||||||||||||||||||
The following is a summary of nonaccrual loan balances at September 30, 2013 and December 31, 2012. | ||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||
Commercial and Business Loans | $ | — | $ | 1,093 | ||||||||||||||||||||||||||||||||
Government Program Loans | — | 88 | ||||||||||||||||||||||||||||||||||
Total Commercial and Industrial | — | 1,181 | ||||||||||||||||||||||||||||||||||
Commercial Real Estate Loans | 9,316 | 8,415 | ||||||||||||||||||||||||||||||||||
Residential Mortgages | 1,729 | 1,834 | ||||||||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | — | 10 | ||||||||||||||||||||||||||||||||||
Total Real Estate Mortgage | 11,045 | 10,259 | ||||||||||||||||||||||||||||||||||
RE Construction and Development Loans | 880 | 1,730 | ||||||||||||||||||||||||||||||||||
Agricultural Loans | — | 136 | ||||||||||||||||||||||||||||||||||
Consumer Loans | — | 119 | ||||||||||||||||||||||||||||||||||
Overdraft protection Lines | — | — | ||||||||||||||||||||||||||||||||||
Overdrafts | — | — | ||||||||||||||||||||||||||||||||||
Total Installment | — | 119 | ||||||||||||||||||||||||||||||||||
Commercial lease Financing | — | — | ||||||||||||||||||||||||||||||||||
Total Loans | $ | 11,925 | $ | 13,425 | ||||||||||||||||||||||||||||||||
Impaired Loans | ||||||||||||||||||||||||||||||||||||
A loan is considered impaired when based on current information and events, it is probable that the Company will be unable to collect all amounts due, including principal and interest, according to the contractual terms of the loan agreement. | ||||||||||||||||||||||||||||||||||||
The Company applies its normal loan review procedures in making judgments regarding probable losses and loan impairment. The Company evaluates for impairment those loans on non-accrual status, graded doubtful, graded substandard or those that are troubled debt restructures. The primary basis for inclusion in impaired status under generally accepted accounting pronouncements is that it is probable that the Bank will be unable to collect all amounts due according to the contractual terms of the loan agreement. | ||||||||||||||||||||||||||||||||||||
A loan is not considered impaired if there is merely an insignificant delay or shortfall in the amounts of payments and the Company expects to collect all amounts due, including interest accrued, at the contractual interest rate for the period of the delay. | ||||||||||||||||||||||||||||||||||||
Review for impairment does not include large groups of smaller balance homogeneous loans that are collectively evaluated to estimate the allowance for loan losses. The Company’s present allowance for loan losses methodology, including migration analysis, captures required reserves for these loans in the formula allowance. | ||||||||||||||||||||||||||||||||||||
For loans determined to be impaired, the Company evaluates impairment based upon either the fair value of underlying collateral, discounted cash flows of expected payments, or observable market price. | ||||||||||||||||||||||||||||||||||||
- | For loans secured by collateral including real estate and equipment, the fair value of the collateral less selling costs will determine the carrying value of the loan. The difference between the recorded investment in the loan and the fair value, less selling costs, determines the amount of impairment. The Company uses the measurement method based on fair value of collateral when the loan is collateral dependent and foreclosure is probable. | |||||||||||||||||||||||||||||||||||
- | The discounted cash flow method of measuring the impairment of a loan is used for unsecured loans or for loans secured by collateral where the fair value cannot be easily determined. Under this method, the Company assesses both the amount and timing of cash flows expected from impaired loans. The estimated cash flows are discounted using the loan's effective interest rate. The difference between the amount of the loan on the Bank's books and the discounted cash flow amounts determines the amount of impairment to be provided. This method is used for most of the Company’s troubled debt restructurings or other impaired loans where some payment stream is being collected. | |||||||||||||||||||||||||||||||||||
- | The observable market price method of measuring the impairment of a loan is only used by the Company when the sale of loans or a loan is in process. | |||||||||||||||||||||||||||||||||||
The method for recognizing interest income on impaired loans is dependent on whether the loan is on nonaccrual status or is a troubled debt restructuring. For income recognition, the existing nonaccrual and troubled debt restructuring policies are applied to impaired loans. Generally, except for certain troubled debt restructurings which are performing under the restructure agreement, the Company does not recognize interest income received on impaired loans, but reduces the carrying amount of the loan for financial reporting purposes. | ||||||||||||||||||||||||||||||||||||
Loans other than certain homogeneous loan portfolios are reviewed on a quarterly basis for impairment. Impaired loans are written down to estimated realizable values by the establishment of specific reserves or charge-offs when required. | ||||||||||||||||||||||||||||||||||||
The following is a summary of impaired loans at, and for the nine months ended September 30, 2013 (in thousands). | ||||||||||||||||||||||||||||||||||||
30-Sep-13 | Unpaid | Recorded | Recorded | Total | Related Allowance | Average | Interest Recognized | |||||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded Investment | Recorded Investment | ||||||||||||||||||||||||||||||||
Principal Balance | With No Allowance | With Allowance (1) | ||||||||||||||||||||||||||||||||||
Commercial and Business Loans | $ | 698 | $ | 284 | $ | 418 | $ | 702 | $ | 5 | $ | 882 | $ | 40 | ||||||||||||||||||||||
Government Program Loans | — | — | — | — | — | 47 | — | |||||||||||||||||||||||||||||
Total Commercial and Industrial | 698 | 284 | 418 | 702 | 5 | 929 | 40 | |||||||||||||||||||||||||||||
Commercial Real Estate Loans | 11,995 | 5,982 | 6,022 | 12,004 | 739 | 10,832 | 275 | |||||||||||||||||||||||||||||
Residential Mortgages | 5,444 | 1,710 | 3,744 | 5,454 | 109 | 6,391 | 162 | |||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | — | — | — | — | 18 | — | ||||||||||||||||||||||||||||||
Total Real Estate Mortgage | 17,439 | 7,692 | 9,766 | 17,458 | 848 | 17,241 | 437 | |||||||||||||||||||||||||||||
RE Construction and Development Loans | 3,420 | 3,126 | 316 | 3,442 | 88 | 2,425 | 66 | |||||||||||||||||||||||||||||
Agricultural Loans | 48 | 48 | — | 48 | — | 96 | 7 | |||||||||||||||||||||||||||||
Consumer Loans | 48 | 48 | — | 48 | — | 80 | 3 | |||||||||||||||||||||||||||||
Overdraft protection Lines | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Overdrafts | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Total Installment | 48 | 48 | — | 48 | — | 80 | 3 | |||||||||||||||||||||||||||||
Commercial Lease Financing | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Total Impaired Loans | $ | 21,653 | $ | 11,198 | $ | 10,500 | $ | 21,698 | $ | 941 | $ | 20,771 | $ | 553 | ||||||||||||||||||||||
(1) The recorded investment in loans includes accrued interest receivable of $45,000. | ||||||||||||||||||||||||||||||||||||
The following is a summary of impaired loans at, and for the year ended, December 31, 2012 (in thousands). | ||||||||||||||||||||||||||||||||||||
31-Dec-12 | Unpaid | Recorded | Recorded | Total | Related Allowance | Average | Interest Recognized | |||||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded Investment | Recorded Investment | ||||||||||||||||||||||||||||||||
Principal Balance | With No Allowance | With Allowance (1) | ||||||||||||||||||||||||||||||||||
Commercial and Business Loans | $ | 1,488 | $ | 767 | $ | 576 | $ | 1,343 | $ | 37 | $ | 5,468 | $ | 26 | ||||||||||||||||||||||
Government Program Loans | 109 | 88 | — | 88 | — | 147 | — | |||||||||||||||||||||||||||||
Total Commercial and Industrial | 1,597 | 855 | 576 | 1,431 | 37 | 5,615 | 26 | |||||||||||||||||||||||||||||
Commercial Real Estate Loans | 11,393 | 6,818 | 4,237 | 11,055 | 436 | 8,498 | 135 | |||||||||||||||||||||||||||||
Residential Mortgages | 7,461 | 3,726 | 3,666 | 7,392 | 185 | 4,416 | 251 | |||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | 10 | 10 | — | 10 | — | 21 | — | |||||||||||||||||||||||||||||
Total Real Estate Mortgage | 18,864 | 10,554 | 7,903 | 18,457 | 621 | 12,935 | 386 | |||||||||||||||||||||||||||||
RE Construction and Development Loans | 1,730 | 1,730 | — | 1,730 | — | 7,298 | — | |||||||||||||||||||||||||||||
Agricultural Loans | 504 | 192 | — | 192 | — | 991 | 50 | |||||||||||||||||||||||||||||
Consumer Loans | 139 | 121 | — | 121 | — | 200 | 6 | |||||||||||||||||||||||||||||
Overdraft protection Lines | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Overdrafts | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Total Installment | 139 | 121 | — | 121 | — | 200 | 6 | |||||||||||||||||||||||||||||
Lease Financing | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Total Impaired Loans | $ | 22,834 | $ | 13,452 | $ | 8,479 | $ | 21,931 | $ | 658 | $ | 27,039 | $ | 468 | ||||||||||||||||||||||
(1) The recorded investment in loans includes accrued interest receivable of 24,000, | ||||||||||||||||||||||||||||||||||||
In most cases, the Company uses the cash basis method of income recognition for impaired loans. In the case of certain troubled debt restructurings for which the loan is performing under the current contractual terms for a reasonable period of time, income is recognized under the accrual method. | ||||||||||||||||||||||||||||||||||||
The average recorded investment in impaired loans for the quarter ended September 30, 2013 and 2012 was $21,698,000 and $21,143,000, respectively. The average recorded investment in impaired loans for the nine months ended September 30, 2013 and 2012 was $20,771,000 and $28,317,000, respectively. | ||||||||||||||||||||||||||||||||||||
Interest income recognized on impaired loans for the quarters ended September 30, 2013 and 2012 was approximately $336,000 and $113,000, respectively. Interest income recognized on impaired loans for the nine months ended September 30, 2013 and 2012 was approximately $553,000 and $366,000, respectively. | ||||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||||||||||||
Under the circumstances, when the Company grants a concession to a borrower as part of a loan restructuring, the restructuring is accounted for as a troubled debt restructuring (TDR). TDRs are reported as a component of impaired loans. | ||||||||||||||||||||||||||||||||||||
A TDR is a type of restructuring in which the Company, for economic or legal reasons related to the borrower's financial difficulties, grants a concession (either imposed by court order, law, or agreement between the borrower and the Bank) to the borrower that it would not otherwise consider. Although the restructuring may take different forms, the Company's objective is to maximize recovery of its investment by granting relief to the borrower. | ||||||||||||||||||||||||||||||||||||
A TDR may include, but is not limited to, one or more of the following: | ||||||||||||||||||||||||||||||||||||
- A transfer from the borrower to the Company of receivables from third parties, real estate, other assets, or an equity interest in the borrower is granted to fully or partially satisfy the loan. | ||||||||||||||||||||||||||||||||||||
- A modification of terms of a debt such as one or a combination of: | ||||||||||||||||||||||||||||||||||||
◦ | The reduction (absolute or contingent) of the stated interest rate. | |||||||||||||||||||||||||||||||||||
◦ | The extension of the maturity date or dates at a stated interest rate lower than the current market rate for new debt with similar risk. | |||||||||||||||||||||||||||||||||||
◦ | The reduction (absolute or contingent) of the face amount or maturity amount of debt as stated in the instrument or agreement. | |||||||||||||||||||||||||||||||||||
◦ | The reduction (absolute or contingent) of accrued interest. | |||||||||||||||||||||||||||||||||||
For a restructured loan to return to accrual status there needs to be, among other factors, at least 6 months successful payment history. In addition, the Company performs a financial analysis of the credit to determine whether the borrower has the ability to continue to meet payments over the remaining life of the loan. This includes, but is not limited to, a review of financial statements and cash flow analysis of the borrower. Only after determination that the borrower has the ability to perform under the terms of the loans, will the restructured credit be considered for accrual status. Although the Company does not have a policy which specifically addresses when a loan may be removed from TDR classification, as a matter of practice, loans classified as TDRs generally remain classified as such until the loan either reaches maturity or its outstanding balance is paid off. | ||||||||||||||||||||||||||||||||||||
The following tables illustrates TDR activity for the periods indicated: | ||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||
Number of | Pre- | Post- | Number of Contracts in Default | Recorded Investment on Defaulted TDRs | ||||||||||||||||||||||||||||||||
Contracts | Modification | Modification | ||||||||||||||||||||||||||||||||||
Outstanding | Outstanding | |||||||||||||||||||||||||||||||||||
Recorded | Recorded | |||||||||||||||||||||||||||||||||||
Investment | Investment | |||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||||||||||||
Commercial and Business Loans | — | $ | — | $ | — | — | $ | — | ||||||||||||||||||||||||||||
Government Program Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial Real Estate Term Loans | — | — | — | 1 | 106 | |||||||||||||||||||||||||||||||
Single Family Residential Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
RE Construction and Development Loans | 40 | 2,561 | 2,540 | — | — | |||||||||||||||||||||||||||||||
Agricultural Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Overdraft protection Lines | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial Lease Financing | — | — | — | — | — | |||||||||||||||||||||||||||||||
Total Loans | 40 | $ | 2,561 | $ | 2,540 | 1 | $ | 106 | ||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||
Number of | Pre- | Post- | Number of Contracts in Default | Recorded Investment on Defaulted TDRs | ||||||||||||||||||||||||||||||||
Contracts | Modification | Modification | ||||||||||||||||||||||||||||||||||
Outstanding | Outstanding | |||||||||||||||||||||||||||||||||||
Recorded | Recorded | |||||||||||||||||||||||||||||||||||
Investment | Investment | |||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||||||||||||
Commercial and Business Loans | — | $ | — | $ | — | — | $ | — | ||||||||||||||||||||||||||||
Government Program Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial Real Estate Term Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Single Family Residential Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
RE Construction and Development Loans | 22 | 2,103 | 2,103 | — | — | |||||||||||||||||||||||||||||||
Agricultural Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Overdraft protection Lines | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial Lease Financing | — | — | — | — | — | |||||||||||||||||||||||||||||||
Total Loans | 22 | $ | 2,103 | $ | 2,103 | — | $ | — | ||||||||||||||||||||||||||||
Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||||||
Number of | Pre- | Post- | Number of Contracts in Default | Recorded Investment on Defaulted TDRs | ||||||||||||||||||||||||||||||||
Contracts | Modification | Modification | ||||||||||||||||||||||||||||||||||
Outstanding | Outstanding | |||||||||||||||||||||||||||||||||||
Recorded | Recorded | |||||||||||||||||||||||||||||||||||
Investment | Investment | |||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||||||||||||
Commercial and Business Loans | 2 | $ | 156 | $ | 151 | — | $ | — | ||||||||||||||||||||||||||||
Government Program Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial Real Estate Term Loans | 5 | 992 | 914 | — | — | |||||||||||||||||||||||||||||||
Single Family Residential Loans | 1 | 329 | 324 | — | — | |||||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
RE Construction and Development Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Agricultural Loans | — | — | 56 | — | — | |||||||||||||||||||||||||||||||
Consumer Loans | — | — | 20 | — | — | |||||||||||||||||||||||||||||||
Overdraft protection Lines | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial Lease Financing | — | — | — | — | — | |||||||||||||||||||||||||||||||
Total Loans | 8 | $ | 1,477 | $ | 1,465 | — | $ | — | ||||||||||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||||||||||||||||||
September 30, 2012 | ||||||||||||||||||||||||||||||||||||
Number of | Pre- | Post- | Number of Contracts in Default | Recorded Investment on Defaulted TDRs | ||||||||||||||||||||||||||||||||
Contracts | Modification | Modification | ||||||||||||||||||||||||||||||||||
Outstanding | Outstanding | |||||||||||||||||||||||||||||||||||
Recorded | Recorded | |||||||||||||||||||||||||||||||||||
Investment | Investment | |||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||||||||||||
Commercial and Business Loans | 2 | $ | 156 | $ | 151 | — | $ | — | ||||||||||||||||||||||||||||
Government Program Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial Real Estate Term Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Single Family Residential Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
RE Construction and Development Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Agricultural Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Overdraft protection Lines | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial Lease Financing | — | — | — | — | — | |||||||||||||||||||||||||||||||
Total Loans | 2 | $ | 156 | $ | 151 | — | $ | — | ||||||||||||||||||||||||||||
The Company makes various types of concessions when structuring TDRs including rate reductions, payment extensions, and forbearance. At September 30, 2013, the Company had 56 restructured loans totaling $13,340,000 as compared to 58 restructured loans totaling $16,773,000 at December 31, 2012. | ||||||||||||||||||||||||||||||||||||
The following tables summarize TDR activity by loan category for the nine months ended September 30, 2013 and September 30, 2012. | ||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | Commercial and Industrial | Commercial Real Estate | Residential Mortgages | Home Equity | RE Construction Development | Agricultural | Installment | Lease Financing | Total | |||||||||||||||||||||||||||
& Other | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 990 | $ | 5,395 | $ | 7,289 | $ | 10 | $ | 2,860 | $ | 191 | $ | 38 | $ | — | $ | 16,773 | ||||||||||||||||||
Defaults | — | (106 | ) | — | — | — | — | — | — | (106 | ) | |||||||||||||||||||||||||
Additions | — | — | — | 44 | 3,901 | — | — | — | 3,945 | |||||||||||||||||||||||||||
Principal reductions | (292 | ) | (1,113 | ) | (1,976 | ) | (54 | ) | (3,656 | ) | (143 | ) | (38 | ) | — | (7,272 | ) | |||||||||||||||||||
Ending balance | $ | 698 | $ | 4,176 | $ | 5,313 | $ | — | $ | 3,105 | $ | 48 | $ | — | $ | — | $ | 13,340 | ||||||||||||||||||
Allowance for loan loss | $ | 5 | $ | 739 | $ | 109 | $ | — | $ | 88 | $ | — | $ | — | $ | — | $ | 941 | ||||||||||||||||||
Nine Months Ended September 30, 2012 | Commercial and Industrial | Commercial Real Estate | Residential Mortgages | Home Equity | RE Construction Development | Agricultural | Installment | Lease Financing | Total | |||||||||||||||||||||||||||
& Other | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 2,619 | $ | 6,850 | $ | 3,457 | $ | 36 | $ | 6,034 | $ | — | $ | 54 | $ | — | $ | 19,050 | ||||||||||||||||||
Defaults | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Additions | 151 | 914 | 324 | — | — | 56 | 20 | — | 1,465 | |||||||||||||||||||||||||||
Principal reductions | (308 | ) | (1,456 | ) | (135 | ) | (25 | ) | (2,375 | ) | — | (34 | ) | — | (4,333 | ) | ||||||||||||||||||||
Ending balance | $ | 2,462 | $ | 6,308 | $ | 3,646 | $ | 11 | $ | 3,659 | $ | 56 | $ | 40 | $ | — | $ | 16,182 | ||||||||||||||||||
Allowance for loan loss | $ | 152 | $ | 325 | $ | 128 | $ | — | $ | 6 | $ | — | $ | — | $ | — | $ | 611 | ||||||||||||||||||
The following tables summarize TDR activity by loan category for the quarters ended September 30, 2013 and September 30, 2012. | ||||||||||||||||||||||||||||||||||||
Three months ended September 30, 2013 | Commercial and Industrial | Commercial Real Estate | Residential Mortgages | Home Equity | RE Construction Development | Agricultural | Installment | Lease Financing | Total | |||||||||||||||||||||||||||
& Other | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 812 | $ | 4,215 | $ | 6,783 | $ | 44 | $ | 2,411 | $ | 51 | $ | — | $ | — | $ | 14,316 | ||||||||||||||||||
Defaults | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Additions | — | — | — | — | 2,103 | — | — | — | 2,103 | |||||||||||||||||||||||||||
Principal reductions | (114 | ) | (39 | ) | (1,470 | ) | (44 | ) | (1,409 | ) | (3 | ) | — | — | (3,079 | ) | ||||||||||||||||||||
Ending balance | $ | 698 | $ | 4,176 | $ | 5,313 | $ | — | $ | 3,105 | $ | 48 | $ | — | $ | — | $ | 13,340 | ||||||||||||||||||
Allowance for loan loss | $ | 5 | $ | 739 | $ | 109 | $ | 0 | $ | 88 | $ | — | $ | — | $ | — | $ | 941 | ||||||||||||||||||
Three months ended September 30, 2012 | Commercial and Industrial | Commercial Real Estate | Residential Mortgages | Home Equity | RE Construction Development | Agricultural | Installment | Lease Financing | Total | |||||||||||||||||||||||||||
& Other | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 2,359 | $ | 6,355 | $ | 3,774 | $ | 12 | $ | 4,147 | $ | 57 | $ | 58 | $ | — | $ | 16,762 | ||||||||||||||||||
Defaults | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Additions | 151 | — | — | — | — | — | — | — | 151 | |||||||||||||||||||||||||||
Principal reductions | (48 | ) | (47 | ) | (128 | ) | (1 | ) | (488 | ) | (1 | ) | (18 | ) | — | (731 | ) | |||||||||||||||||||
Ending balance | $ | 2,462 | $ | 6,308 | $ | 3,646 | $ | 11 | $ | 3,659 | $ | 56 | $ | 40 | $ | — | $ | 16,182 | ||||||||||||||||||
Allowance for loan loss | $ | 152 | $ | 325 | $ | 128 | $ | — | $ | 6 | $ | — | $ | — | $ | — | $ | 611 | ||||||||||||||||||
Credit Quality Indicators | ||||||||||||||||||||||||||||||||||||
As part of its credit monitoring program, the Company utilizes a risk rating system which quantifies the risk the Company estimates it has assumed during the life of a loan. The system rates the strength of the borrower and the facility or transaction, and is designed to provide a program for risk management and early detection of problems. | ||||||||||||||||||||||||||||||||||||
For each new credit approval, credit extension, renewal, or modification of existing credit facilities, the Company assigns risk ratings utilizing the rating scale identified in this policy. In addition, on an on-going basis, loans and credit facilities are reviewed for internal and external influences impacting the credit facility that would warrant a change in the risk rating. Each loan credit facility is to be given a risk rating that takes into account factors that materially affect credit quality. | ||||||||||||||||||||||||||||||||||||
When assigning risk ratings, the Company evaluates two risk rating approaches, a facility rating and a borrower rating as follows: | ||||||||||||||||||||||||||||||||||||
Facility Rating: | ||||||||||||||||||||||||||||||||||||
The facility rating is determined by the analysis of positive and negative factors that may indicate that the quality of a particular loan or credit arrangement requires that it be rated differently from the risk rating assigned to the borrower. The Company assesses the risk impact of these factors: | ||||||||||||||||||||||||||||||||||||
Collateral - The rating may be affected by the type and quality of the collateral, the degree of coverage, the economic life of the collateral, liquidation value and the Company's ability to dispose of the collateral. | ||||||||||||||||||||||||||||||||||||
Guarantees - The value of third party support arrangements varies widely. Unconditional guaranties from persons with demonstrable ability to perform are more substantial than that of closely related persons to the borrower who offer only modest support. | ||||||||||||||||||||||||||||||||||||
Unusual Terms - Credit may be extended on terms that subject the Company to a higher level of risk than indicated in the rating of the borrower. | ||||||||||||||||||||||||||||||||||||
Borrower Rating: | ||||||||||||||||||||||||||||||||||||
The borrower rating is a measure of loss possibility based on the historical, current and anticipated financial characteristics of the borrower in the current risk environment. To determine the rating, the Company considers at least the following factors: | ||||||||||||||||||||||||||||||||||||
- Quality of management | ||||||||||||||||||||||||||||||||||||
- Liquidity | ||||||||||||||||||||||||||||||||||||
- Leverage/capitalization | ||||||||||||||||||||||||||||||||||||
- Profit margins/earnings trend | ||||||||||||||||||||||||||||||||||||
- Adequacy of financial records | ||||||||||||||||||||||||||||||||||||
- Alternative funding sources | ||||||||||||||||||||||||||||||||||||
- Geographic risk | ||||||||||||||||||||||||||||||||||||
- Industry risk | ||||||||||||||||||||||||||||||||||||
- Cash flow risk | ||||||||||||||||||||||||||||||||||||
- Accounting practices | ||||||||||||||||||||||||||||||||||||
- Asset protect ion | ||||||||||||||||||||||||||||||||||||
- Extraordinary risks | ||||||||||||||||||||||||||||||||||||
The Company assigns risk ratings to loans other than consumer loans and other homogeneous loan pools based on the following scale. The risk ratings are used when determining borrower ratings as well as facility ratings. When the borrower rating and the facility ratings differ, the lowest rating applied is: | ||||||||||||||||||||||||||||||||||||
- | Grades 1 and 2 – These grades include loans which are given to high quality borrowers with high credit quality and sound financial strength. Key financial ratios are generally above industry averages and the borrower’s strong earnings history or net worth. These may be secured by deposit accounts or high-grade investment securities. | |||||||||||||||||||||||||||||||||||
- | Grade 3 – This grade includes loans to borrowers with solid credit quality with minimal risk. The borrower’s balance sheet and financial ratios are generally in line with industry averages, and the borrower has historically demonstrated the ability to manage economic adversity. Real estate and asset-based loans assigned this risk rating must have characteristics, which place them well above the minimum underwriting requirements for those departments. Asset-based borrowers assigned this rating must exhibit extremely favorable leverage and cash flow characteristics, and consistently demonstrate a high level of unused borrowing capacity. | |||||||||||||||||||||||||||||||||||
- | Grades 4 and 5 – These include “pass” grade loans to borrowers of acceptable credit quality and risk. The borrower’s balance sheet and financial ratios may be below industry averages, but above the lowest industry quartile. Leverage is above and liquidity is below industry averages. Inadequacies evident in financial performance and/or management sufficiency are offset by readily available features of support, such as adequate collateral, or good guarantors having the liquid assets and/or cash flow capacity to repay the debt. The borrower may have recognized a loss over three or four years, however recent earnings trends, while perhaps somewhat cyclical, are improving and cash flows are adequate to cover debt service and fixed obligations. Real estate and asset-borrowers fully comply with all underwriting standards and are performing according to projections would be assigned this rating. These also include grade 5 loans which are “leveraged” or on management’s “watch list.” While still considered pass loans (loans given a grade 5), the borrower’s financial condition, cash flow or operations evidence more than average risk and short term weaknesses, these loans warrant a higher than average level of monitoring, supervision and attention from the Company, but do not reflect credit weakness trends that weaken or inadequately protect the Company’s credit position. Loans with a grade rating of 5 are not normally acceptable as new credits unless they are adequately secured or carry substantial endorser/guarantors. | |||||||||||||||||||||||||||||||||||
- | Grade 6 – This grade includes “special mention” loans which are loans that are currently protected but are potentially weak. This generally is an interim grade classification and should usually be upgraded to an Acceptable rating or downgraded to Substandard within a reasonable time period. Weaknesses in special mention loans may, if not checked or corrected, weaken the asset or inadequately protect the Company’s credit position at some future date. Special mention loans are often loans with weaknesses inherent from the loan origination, loan servicing, and perhaps some technical deficiencies. The main theme in special mention credits is the distinct probability that the classification will deteriorate to a more adverse class if the noted deficiencies are not addressed by the loan officer or loan management. | |||||||||||||||||||||||||||||||||||
- | Grade 7 – This grade includes “substandard” loans which are inadequately supported by the current sound net worth and paying capacity of the borrower or of the collateral pledged, if any. Substandard loans have a well-defined weakness or weaknesses that may impair the regular liquidation of the debt. Substandard loans exhibit a distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Substandard loans also include impaired loans. | |||||||||||||||||||||||||||||||||||
- | Grade 8 - This grade includes “doubtful” loans which exhibit the same characteristics as the Substandard loans with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The possibility of loss is extremely high, but because of certain important and reasonably specific pending factors, which may work to the advantage and strengthening of the loan, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include a proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral and refinancing plans. | |||||||||||||||||||||||||||||||||||
- | Grade 9 - This grade includes loans classified “loss” which are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off the asset even though partial recovery may be achieved in the future. | |||||||||||||||||||||||||||||||||||
The Company did not carry any loans graded as loss at September 30, 2013 or December 31, 2012. | ||||||||||||||||||||||||||||||||||||
The following tables summarize the credit risk ratings for commercial, construction, and other non-consumer related loans for September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial RE | RE Construction and Development | Agricultural | Total | ||||||||||||||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||||||||||||||
(000's) | ||||||||||||||||||||||||||||||||||||
Grades 1 and 2 | $ | 790 | $ | — | $ | — | $ | 70 | $ | 860 | ||||||||||||||||||||||||||
Grade 3 | 2,018 | 5,354 | 826 | — | 8,198 | |||||||||||||||||||||||||||||||
Grades 4 and 5 – pass | 67,153 | 127,235 | 65,430 | 24,910 | 284,728 | |||||||||||||||||||||||||||||||
Grade 6 – special mention | 698 | — | — | — | 698 | |||||||||||||||||||||||||||||||
Grade 7 – substandard | 147 | 9,777 | 17,420 | — | 27,344 | |||||||||||||||||||||||||||||||
Grade 8 – doubtful | — | — | — | — | — | |||||||||||||||||||||||||||||||
Total | $ | 70,806 | $ | 142,366 | $ | 83,676 | $ | 24,980 | $ | 321,828 | ||||||||||||||||||||||||||
Commercial and Industrial | Commercial RE | RE Construction and Development | Agricultural | Total | ||||||||||||||||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||||||||||
(000's) | ||||||||||||||||||||||||||||||||||||
Grades 1 and 2 | $ | 825 | $ | — | $ | — | $ | 60 | $ | 885 | ||||||||||||||||||||||||||
Grade 3 | 2,071 | 5,947 | 856 | — | 8,874 | |||||||||||||||||||||||||||||||
Grades 4 and 5 – pass | 66,098 | 116,606 | 75,191 | 35,973 | 293,868 | |||||||||||||||||||||||||||||||
Grade 6 – special mention | 1,867 | — | 141 | — | 2,008 | |||||||||||||||||||||||||||||||
Grade 7 – substandard | 1,256 | 11,046 | 14,753 | 136 | 27,191 | |||||||||||||||||||||||||||||||
Grade 8 – doubtful | — | — | — | — | — | |||||||||||||||||||||||||||||||
Total | $ | 72,117 | $ | 133,599 | $ | 90,941 | $ | 36,169 | $ | 332,826 | ||||||||||||||||||||||||||
The Company follows consistent underwriting standards outlined in its loan policy for consumer and other homogeneous loans but, does not specifically assign a risk rating when these loans are originated. Consumer loans are monitored for credit risk and are considered “pass” loans until some issue or event requires that the credit be downgraded to special mention or worse. | ||||||||||||||||||||||||||||||||||||
The following tables summarize the credit risk ratings for consumer related loans and other homogeneous loans for September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||||||
Residential Mortgages | Home | Installment | Total | Residential Mortgages | Home | Installment | Total | |||||||||||||||||||||||||||||
(000's) | Improvement and Home Equity | Improvement and Home Equity | ||||||||||||||||||||||||||||||||||
Not graded | $ | 28,985 | $ | 1,437 | $ | 8,721 | $ | 39,143 | $ | 30,727 | $ | 1,309 | $ | 9,221 | $ | 41,257 | ||||||||||||||||||||
Pass | 19,145 | 0 | 1,510 | 20,655 | 20,572 | 0 | 1,422 | 21,994 | ||||||||||||||||||||||||||||
Special Mention | — | 32 | — | 32 | 909 | 0 | 49 | 958 | ||||||||||||||||||||||||||||
Substandard | 2,372 | — | — | 2,372 | 2,808 | 10 | 192 | 3,010 | ||||||||||||||||||||||||||||
Total | $ | 50,502 | $ | 1,469 | $ | 10,231 | $ | 62,202 | $ | 55,016 | $ | 1,319 | $ | 10,884 | $ | 67,219 | ||||||||||||||||||||
Allowance for Loan Losses | ||||||||||||||||||||||||||||||||||||
The Company analyzes risk characteristics inherent in each loan portfolio segment as part of the quarterly review of the adequacy of the allowance for loan losses. The following summarizes some of the key risk characteristics for the eleven segments of the loan portfolio (Consumer loans include three segments): | ||||||||||||||||||||||||||||||||||||
Commercial and business loans – Commercial loans are subject to the effects of economic cycles and tend to exhibit increased risk as economic conditions deteriorate, or if the economic downturn is prolonged. The Company considers this segment to be one of higher risk given the size of individual loans and the balances in the overall portfolio. | ||||||||||||||||||||||||||||||||||||
Government program loans – This is a relatively a small part of the Company’s loan portfolio, but has historically had a high percentage of loans that have migrated from pass to substandard given there vulnerability to economic cycles. | ||||||||||||||||||||||||||||||||||||
Commercial real estate loans – This segment is considered to have more risk in part because of the vulnerability of commercial businesses to economic cycles as well as the exposure to fluctuations in real estate prices because most of these loans are secured by real estate. Losses in this segment have however been historically low because most of the loans are real estate secured. | ||||||||||||||||||||||||||||||||||||
Residential mortgages – This segment is considered to have low risk factors both from the Company and peer statistics. These loans are secured by first deeds of trust. The losses experienced over the past twelve quarters are isolated to approximately seven loans and are generally the result of short sales. | ||||||||||||||||||||||||||||||||||||
Home improvement and home equity loans – Because of their junior lien position, these loans have an inherently higher risk level. Because residential real estate has been severely distressed in the recent past, the anticipated risk for this loan segment has increased. | ||||||||||||||||||||||||||||||||||||
Real estate construction and development loans –In a normal economy, this segment of loans is considered to have a higher risk profile due to construction and market value issues in conjunction with normal credit risks. In the current distressed residential real estate markets the risk has increased. | ||||||||||||||||||||||||||||||||||||
Agricultural loans – This segment is considered to have risks associated with weather, insects, and marketing issues. In addition, concentrations in certain crops or certain agricultural areas can increase risk. | ||||||||||||||||||||||||||||||||||||
Installment loans (Includes consumer loans, overdrafts, and overdraft protection lines) – This segment is higher risk because many of the loans are unsecured. | ||||||||||||||||||||||||||||||||||||
Commercial lease financing – This segment of the portfolio is small, but is considered to be vulnerable to economic cycles given the nature of the leasing relationship where businesses are relatively small or have minimal cash flow. This lending program was terminated in 2005. | ||||||||||||||||||||||||||||||||||||
The following summarizes the activity in the allowance for credit losses by loan category for the nine months ended September 30, 2013 and 2012. | ||||||||||||||||||||||||||||||||||||
Nine Months Ended | Commercial and Industrial | Real Estate Mortgage | RE Construction Development | Agricultural | Installment & Other | Commercial Lease Financing | Unallocated | Total | ||||||||||||||||||||||||||||
September 30, 2013 (in 000's) | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 1,614 | $ | 1,292 | $ | 2,814 | $ | 352 | $ | 288 | $ | 1 | $ | 5,423 | $ | 11,784 | ||||||||||||||||||||
Provision for credit losses | 972 | 983 | 1,854 | 208 | 259 | (1 | ) | (5,395 | ) | (1,120 | ) | |||||||||||||||||||||||||
Charge-offs | (542 | ) | (265 | ) | — | (136 | ) | (258 | ) | — | — | (1,201 | ) | |||||||||||||||||||||||
Recoveries | 163 | 6 | 738 | 129 | 53 | — | — | 1,089 | ||||||||||||||||||||||||||||
Net charge-offs | (379 | ) | (259 | ) | 738 | (7 | ) | (205 | ) | — | — | (112 | ) | |||||||||||||||||||||||
Ending balance | $ | 2,207 | $ | 2,016 | $ | 5,406 | $ | 553 | $ | 342 | $ | — | $ | 28 | $ | 10,552 | ||||||||||||||||||||
Period-end amount allocated to: | ||||||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | 739 | 109 | — | 88 | — | — | 5 | 941 | ||||||||||||||||||||||||||||
Loans collectively evaluated for impairment | 1,468 | 1,907 | 5,406 | 465 | 342 | — | 23 | 9,611 | ||||||||||||||||||||||||||||
Ending balance | $ | 2,207 | $ | 2,016 | $ | 5,406 | $ | 553 | $ | 342 | $ | — | $ | 28 | $ | 10,552 | ||||||||||||||||||||
Nine Months Ended | Commercial and Industrial | Real Estate Mortgage | RE Construction Development | Agricultural | Installment & Other | Commercial Lease Financing | Unallocated | Total | ||||||||||||||||||||||||||||
September 30, 2012 (in 000's) | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 6,787 | $ | 1,416 | $ | 4,579 | $ | 508 | $ | 116 | $ | 1 | $ | 241 | $ | 13,648 | ||||||||||||||||||||
Provision for credit losses | (3,443 | ) | (286 | ) | (965 | ) | 2,081 | 520 | 1 | 3,102 | 1,010 | |||||||||||||||||||||||||
Charge-offs | (887 | ) | (165 | ) | (10 | ) | (2,317 | ) | (296 | ) | — | — | (3,675 | ) | ||||||||||||||||||||||
Recoveries | 125 | 8 | — | — | 44 | — | — | 177 | ||||||||||||||||||||||||||||
Net charge-offs | (762 | ) | (157 | ) | (10 | ) | (2,317 | ) | (252 | ) | — | — | (3,498 | ) | ||||||||||||||||||||||
Ending balance | $ | 2,582 | $ | 973 | $ | 3,604 | $ | 272 | $ | 384 | $ | 2 | $ | 3,343 | $ | 11,160 | ||||||||||||||||||||
Period-end amount allocated to: | ||||||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | 152 | 709 | 6 | — | 46 | — | — | 913 | ||||||||||||||||||||||||||||
Loans collectively evaluated for impairment | 2,430 | 264 | 3,598 | 272 | 338 | 2 | 3,343 | 10,247 | ||||||||||||||||||||||||||||
Ending balance | $ | 2,582 | $ | 973 | $ | 3,604 | $ | 272 | $ | 384 | $ | 2 | $ | 3,343 | $ | 11,160 | ||||||||||||||||||||
The following summarizes the activity in the allowance for credit losses by loan category for the quarters ended September 30, 2013 and 2012. | ||||||||||||||||||||||||||||||||||||
Three Months Ended | Commercial and Industrial | Real Estate Mortgage | RE Construction Development | Agricultural | Installment & Other | Commercial Lease Financing | Unallocated | Total | ||||||||||||||||||||||||||||
September 30, 2013 (in 000's) | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 2,665 | $ | 1,679 | $ | 2,972 | $ | 243 | $ | 315 | $ | — | $ | 3,283 | $ | 11,157 | ||||||||||||||||||||
Provision for credit losses | (390 | ) | 383 | 1,696 | 181 | 235 | — | (3,255 | ) | (1,150 | ) | |||||||||||||||||||||||||
Charge-offs | (193 | ) | (49 | ) | — | (232 | ) | — | — | (474 | ) | |||||||||||||||||||||||||
Recoveries | 125 | 3 | 738 | 129 | 24 | — | — | 1,019 | ||||||||||||||||||||||||||||
Net charge-offs | (68 | ) | (46 | ) | 738 | 129 | (208 | ) | — | — | 545 | |||||||||||||||||||||||||
Ending balance | $ | 2,207 | $ | 2,016 | $ | 5,406 | $ | 553 | $ | 342 | $ | — | $ | 28 | $ | 10,552 | ||||||||||||||||||||
Period-end amount allocated to: | ||||||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | 739 | 109 | — | 88 | — | — | 5 | 941 | ||||||||||||||||||||||||||||
Loans collectively evaluated for impairment | 1,468 | 1,907 | 5,406 | 465 | 342 | — | 23 | 9,611 | ||||||||||||||||||||||||||||
Ending balance | $ | 2,207 | $ | 2,016 | $ | 5,406 | $ | 553 | $ | 342 | $ | — | $ | 28 | $ | 10,552 | ||||||||||||||||||||
Three Months Ended | Commercial and Industrial | Real Estate Mortgage | RE Construction Development | Agricultural | Installment & Other | Commercial Lease Financing | Unallocated | Total | ||||||||||||||||||||||||||||
September 30, 2012 (in 000's) | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 3,564 | $ | 1,054 | $ | 5,800 | $ | 277 | $ | 346 | $ | 3 | $ | 565 | $ | 11,609 | ||||||||||||||||||||
Provision for credit losses | (922 | ) | 27 | (2,196 | ) | 143 | 175 | (1 | ) | 2,778 | 4 | |||||||||||||||||||||||||
Charge-offs | (124 | ) | (112 | ) | — | (148 | ) | (159 | ) | — | — | (543 | ) | |||||||||||||||||||||||
Recoveries | 64 | 4 | — | — | 22 | — | — | 90 | ||||||||||||||||||||||||||||
Net charge-offs | (60 | ) | (108 | ) | 0 | (148 | ) | (137 | ) | — | — | (453 | ) | |||||||||||||||||||||||
Ending balance | $ | 2,582 | $ | 973 | $ | 3,604 | $ | 272 | $ | 384 | $ | 2 | $ | 3,343 | $ | 11,160 | ||||||||||||||||||||
Period-end amount allocated to: | ||||||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | 152 | 709 | 6 | — | 46 | — | — | 913 | ||||||||||||||||||||||||||||
Loans collectively evaluated for impairment | 2,430 | 264 | 3,598 | 272 | 338 | 2 | 3,343 | 10,247 | ||||||||||||||||||||||||||||
Ending balance | $ | 2,582 | $ | 973 | $ | 3,604 | $ | 272 | $ | 384 | $ | 2 | $ | 3,343 | $ | 11,160 | ||||||||||||||||||||
The following summarizes information with respect to the loan balances at September 30, 2013 and December 31, 2012. | ||||||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||||||
Loans | Loans | Total Loans | Loans | Loans | Total Loans | |||||||||||||||||||||||||||||||
Individually | Collectively | Individually | Collectively | |||||||||||||||||||||||||||||||||
(000's) | Evaluated for Impairment | Evaluated for Impairment | Evaluated for Impairment | Evaluated for Impairment | ||||||||||||||||||||||||||||||||
Commercial and Business Loans | $ | 702 | $ | 67,904 | $ | 68,606 | $ | 1,343 | $ | 68,437 | $ | 69,780 | ||||||||||||||||||||||||
Government Program Loans | — | 2,200 | 2,200 | 88 | 2,249 | 2,337 | ||||||||||||||||||||||||||||||
Total Commercial and Industrial | 702 | 70,104 | 70,806 | 1,431 | 70,686 | 72,117 | ||||||||||||||||||||||||||||||
Commercial Real Estate Loans | 12,004 | 130,362 | 142,366 | 11,055 | 122,544 | 133,599 | ||||||||||||||||||||||||||||||
Residential Mortgage Loans | 5,454 | 45,048 | 50,502 | 7,392 | 47,624 | 55,016 | ||||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | — | 1,469 | 1,469 | 10 | 1,309 | 1,319 | ||||||||||||||||||||||||||||||
Total Real Estate Mortgage | 17,458 | 176,879 | 194,337 | 18,457 | 171,477 | 189,934 | ||||||||||||||||||||||||||||||
Total RE Construction and Development Loans | 3,442 | 80,234 | 83,676 | 1,730 | 89,211 | 90,941 | ||||||||||||||||||||||||||||||
Total Agricultural Loans | 48 | 24,932 | 24,980 | 192 | 35,977 | 36,169 | ||||||||||||||||||||||||||||||
Total Installment Loans | 48 | 10,183 | 10,231 | 121 | 10,763 | 10,884 | ||||||||||||||||||||||||||||||
Commercial Lease Financing | — | — | — | — | 12 | 12 | ||||||||||||||||||||||||||||||
Total Loans | $ | 21,698 | $ | 362,332 | $ | 384,030 | $ | 21,931 | $ | 378,126 | $ | 400,057 | ||||||||||||||||||||||||
Deposits
Deposits | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Deposits [Abstract] | ' | |||||||
Deposits | ' | |||||||
Deposits | ||||||||
Deposits include the following: | ||||||||
(In thousands) | September 30, 2013 | December 31, 2012 | ||||||
Noninterest-bearing deposits | $ | 236,112 | $ | 217,014 | ||||
Interest-bearing deposits: | ||||||||
NOW and money market accounts | 201,860 | 203,771 | ||||||
Savings accounts | 42,302 | 43,117 | ||||||
Time deposits: | ||||||||
Under $100,000 | 30,144 | 32,532 | ||||||
$100,000 and over | 61,058 | 66,853 | ||||||
Total interest-bearing deposits | 335,364 | 346,273 | ||||||
Total deposits | $ | 571,476 | $ | 563,287 | ||||
Total brokered deposits included in time deposits above | $ | 14,940 | $ | 17,984 | ||||
Shortterm_BorrowingsOther_Borr
Short-term Borrowings/Other Borrowings | 9 Months Ended |
Sep. 30, 2013 | |
Short term Borrowings/Other Borrowings [Abstract] | ' |
Short-term Borrowings/Other Borrowings | ' |
Short-term Borrowings/Other Borrowings | |
At September 30, 2013, the Company had collateralized lines of credit with the Federal Reserve Bank of San Francisco totaling $265,792,000, as well as Federal Home Loan Bank (FHLB) lines of credit totaling $7,498,000. All lines of credit are on an “as available” basis and can be revoked by the grantor at any time. There are currently no restrictions on these lines of credit, although under the current Written Agreement with the Federal Reserve, the Bank’s liquidity position as well as its use of borrowing lines is monitored closely. These lines of credit have interest rates that are generally tied to the Federal Funds rate or are indexed to short-term U.S. Treasury rates or LIBOR. FHLB lines of credit are collateralized by investment securities, while lines of credit with the Federal Reserve Bank are collateralized by certain qualifying loans. As of September 30, 2013, $7,898,000 in investment securities at FHLB were pledged as collateral for FHLB advances. Additionally, $344,261,000 in qualifying loans were pledged at September 30, 2013 as collateral for borrowing lines with the Federal Reserve Bank totaling $265,792,000. At September 30, 2013, the Company had no outstanding borrowings. | |
At December 31, 2012, the Company had collateralized and uncollateralized lines of credit with the Federal Reserve Bank of San Francisco totaling $217,841,000, as well as Federal Home Loan Bank (“FHLB”) lines of credit totaling $10,493,000. At December 31, 2012, the Company had no outstanding borrowing balances. These lines of credit generally have interest rates tied to the Federal Funds rate or are indexed to short-term U.S. Treasury rates or LIBOR. FHLB advances are collateralized by all of the Company’s stock in the FHLB, investment securities, and certain qualifying mortgage loans. As of December 31, 2012, $11,054,000 in investment securities at FHLB were pledged as collateral for FHLB advances. Additionally, $324,462,000 in real estate-secured loans were pledged at December 31, 2012, as collateral for used and unused borrowing lines with the Federal Reserve Bank totaling $217,841,000. All lines of credit are on an “as available” basis and can be revoked by the grantor at any time. At December 31, 2012, the Company had no outstanding borrowings. |
Supplemental_Cash_Flow_Disclos
Supplemental Cash Flow Disclosures | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Supplemental Cash Flow Information [Abstract] | ' | |||||||
Supplemental Cash Flow Disclosures | ' | |||||||
Supplemental Cash Flow Disclosures | ||||||||
Nine Months Ended September 30, | ||||||||
(In thousands) | 2013 | 2012 | ||||||
Cash paid during the period for: | ||||||||
Interest | $ | 1,056 | $ | 1,580 | ||||
Income Taxes | $ | — | $ | — | ||||
Noncash investing activities: | ||||||||
Loans transferred to foreclosed assets | $ | 437 | $ | — | ||||
OREO financed | $ | 2,328 | $ | — | ||||
Common_Stock_Dividend
Common Stock Dividend | 9 Months Ended |
Sep. 30, 2013 | |
Common Stock Dividend [Abstract] | ' |
Common Stock Dividend | ' |
Common Stock Dividend | |
On September 24, 2013, the Company’s Board of Directors declared a one-percent (1%) stock dividend on the Company’s outstanding common stock. Based upon the number of outstanding common shares on the record date of October 11, 2013, 145,061 additional shares were issued to shareholders on October 23, 2013. Because the stock dividend was considered a “small stock dividend,” approximately $618,000 was transferred from retained earnings to common stock based upon the $4.26 closing price of the Company’s common stock on the declaration date of September 24, 2013. There were no fractional shares paid. Except for earnings-per-share calculations, shares issued for the stock dividend have been treated prospectively for financial reporting purposes. For purposes of earnings per share calculations, the Company’s weighted average shares outstanding and potentially dilutive shares used in the computation of earnings per share have been restated after giving retroactive effect to a 1% stock dividend to shareholders for all periods presented. | |
During the first quarter of 2013, the Company's Board of Director's issued a one-percent (1%) stock dividend on the Company's outstanding common stock. Approximately $619,000 was transferred from retained earnings to common stock and 142,157 additional shares were issued to shareholders. During the second quarter of 2013, the Company's Board of Director's issued a one-percent (1%) stock dividend on the Company's outstanding common stock. Approximately $603,000 was transferred from retained earnings to common stock and 143,613 additional shares were issued to shareholders. |
Net_Income_per_Common_Share
Net Income per Common Share | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||
Net Income per Common Share | ' | |||||||||||||||
Net Income per Common Share | ||||||||||||||||
The following table provides a reconciliation of the numerator and the denominator of the basic EPS computation with the numerator and the denominator of the diluted EPS computation: | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Net income available to common shareholders (in thousands) | $ | 1,852 | $ | 1,366 | $ | 4,323 | $ | 4,591 | ||||||||
Weighted average shares issued | 14,653,336 | 14,507,796 | 14,650,992 | 14,507,796 | ||||||||||||
Add: dilutive effect of stock options | 234 | — | 923 | — | ||||||||||||
Weighted average shares outstanding adjusted for potential dilution | 14,653,570 | 14,507,796 | 14,651,915 | 14,507,796 | ||||||||||||
Basic earnings per share | $ | 0.13 | $ | 0.09 | $ | 0.3 | $ | 0.32 | ||||||||
Diluted earnings per share | $ | 0.13 | $ | 0.09 | $ | 0.3 | $ | 0.32 | ||||||||
Anti-dilutive stock options excluded from earnings per share calculation | 187,000 | 159,000 | 191,000 | 159,000 | ||||||||||||
Taxes_on_Income
Taxes on Income | 9 Months Ended |
Sep. 30, 2013 | |
Income Tax Disclosure [Abstract] | ' |
Taxes on Income | ' |
Taxes on Income | |
The Company periodically reviews its tax positions under the accounting standards related to uncertainty in income taxes, which defines the criteria that an individual tax position would have to meet for some or all of the income tax benefit to be recognized in a taxable entity’s financial statements. Under the guidelines, an entity should recognize the financial statement benefit of a tax position if it determines that it is more likely than not that the position will be sustained on examination. The term “more likely than not” means a likelihood of more than 50 percent. In assessing whether the more-likely-than-not criterion is met, the entity should assume that the tax position will be reviewed by the applicable taxing authority and all available information is known to the taxing authority. | |
The Company periodically evaluates its deferred tax assets to determine whether a valuation allowance is required based upon a determination that some or all of the deferred assets may not be ultimately realized. At September 30, 2013 and December 31, 2012, the Company had a recorded valuation allowance of $2,686,000. The Company performs an analysis of the valuation allowance considering both tax planning strategies and future earnings as a basis for utilizing the deferred tax assets. The tax planning strategies include the sale of certain bank premise and the surrender of Bank Owned Life Insurance. In its review of a requirement for a valuation allowance, the Company identifies both positive and negative evidence to determine whether a valuation allowance is required. Negative evidence would include pretax losses recorded during each of the last three calendar years. These losses were the result of the severe economic downturn that began in 2008 resulting in substantial increases in the provision for loan losses as well as impairment losses related to other real estate owned through foreclosure, goodwill, and private label residential mortgage obligations. At December 31, 2012 and September 30, 2013, the Company performed an analysis of future projected earnings to provide positive evidence that sufficient earnings would be generated to utilize the deferred tax assets. Underlying assumptions included continued reductions in nonperforming assets and general improvements in the economy, resulting in reduced provisions for loans losses and impairment charges, as well as reductions in expenses related to other real estate owned. Based upon this analysis, the Company has concluded that the valuation allowance of $2,686,000 at September 30, 2013 and December 31, 2012 is reasonable. | |
The Company and its subsidiary file income tax returns in the U.S federal jurisdiction, and several states within the U.S. There are no filings in foreign jurisdictions. During 2010, the Company amended its federal tax returns for the year 2004 through 2009 to utilize the five-year NOL carry-back provisions allowed by the IRS for 2009. These amended tax returns were audited by the IRS and the examination was finalized during the first quarter of 2013 and the settlement did not have a material impact on the Company’s financial statements. The Company is not currently aware of any other tax jurisdictions where the Company or any subsidiary is subject to examination by federal, state, or local taxing authorities. |
Junior_Subordinated_DebtTrust_
Junior Subordinated Debt/Trust Preferred Securities | 9 Months Ended |
Sep. 30, 2013 | |
Junior Subordinated Debt/Trust Preferred Securities [Abstract] | ' |
Junior Subordinated Debt/Trust Preferred Securities | ' |
Junior Subordinated Debt/Trust Preferred Securities | |
Effective September 30, 2009 and beginning with the quarterly interest payment due October 1, 2009, the Company elected to defer interest payments on the Company's $15.0 million of junior subordinated debentures relating to its trust preferred securities. The terms of the debentures and trust indentures allow for the Company to defer interest payments for up to 20 consecutive quarters without default or penalty. During the period that the interest deferrals are elected, the Company will continue to record interest expense associated with the debentures. Upon the expiration of the deferral period, all accrued and unpaid interest will be due and payable. During the deferral period, the Company is precluded from paying cash dividends to shareholders or repurchasing its stock. | |
The fair value guidance generally permits the measurement of selected eligible financial instruments at fair value at specified election dates. Effective January 1, 2008, the Company elected the fair value option for its junior subordinated debt issued under USB Capital Trust II. The rate paid on the junior subordinated debt issued under USB Capital Trust II is 3-month LIBOR plus 129 basis points, and is adjusted quarterly. | |
At September 30, 2013 the Company performed a fair value measurement analysis on its junior subordinated debt using a cash flow model approach to determine the present value of those cash flows. The cash flow model utilizes the forward 3-month LIBOR curve to estimate future quarterly interest payments due over the thirty-year life of the debt instrument, adjusted for deferrals of interest payments per the Company’s election at September 30, 2009. These cash flows were discounted at a rate which incorporates a current market rate for similar-term debt instruments, adjusted for additional credit and liquidity risks associated with the junior subordinated debt. Although there is little market data in the current relatively illiquid credit markets, we believe the 8.08% discount rate used represents what a market participant would consider under the circumstances based on current market assumptions. | |
The fair value calculation performed at September 30, 2013 resulted in a pretax gain adjustment of $141,000 ($83,000, net of tax) for the quarter ended September 30, 2013 and a pretax loss adjustment of $519,000 ($305,000, net of tax) for the nine months ended September 30, 2013. The previous year’s fair value calculation performed at September 30, 2012 resulted in pretax loss adjustment of $171,000 ($101,000, net of tax) for the quarter ended September 30, 2012, and a pretax loss adjustment of $284,000 ($133,000, net of tax) for the nine months ended September 30, 2012. |
Fair_Value_Measurements_and_Di
Fair Value Measurements and Disclosure | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||
Fair Value Measurements and Disclosure | ' | |||||||||||||||||||
Fair Value Measurements and Disclosure | ||||||||||||||||||||
The following summary disclosures are made in accordance with the guidance provided by ASC Topic 825, Fair Value Measurements and Disclosures (formerly Statement of Financial Accounting Standards No. 107, Disclosures about Fair Value of Financial Instruments), which requires the disclosure of fair value information about both on- and off-balance sheet financial instruments where it is practicable to estimate that value. | ||||||||||||||||||||
Generally accepted accounting guidance clarifies the definition of fair value, describes methods used to appropriately measure fair value in accordance with generally accepted accounting principles and expands fair value disclosure requirements. This guidance applies whenever other accounting pronouncements require or permit fair value measurements. | ||||||||||||||||||||
The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels (Level 1, Level 2, and Level 3). Level 1 inputs are unadjusted quoted prices in active markets (as defined) for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability, and reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability (including assumptions about risk). | ||||||||||||||||||||
The table below is a summary of fair value estimates for financial instruments and the level of the fair value hierarchy within which the fair value measurements are categorized at the periods indicated: | ||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||
(In thousands) | Carrying Amount | Estimated Fair Value | Quoted Prices In Active Markets for Identical Assets Level 1 | Significant Other Observable Inputs Level 2 | Significant Unobservable Inputs Level 3 | |||||||||||||||
Financial Assets: | ||||||||||||||||||||
Cash and cash equivalents | $ | 181,842 | $ | 181,842 | $ | 181,842 | $ | — | $ | — | ||||||||||
Interest-bearing deposits | 1,513 | 1,513 | — | 1,513 | — | |||||||||||||||
Investment securities | 32,577 | 32,577 | 10,803 | 21,774 | — | |||||||||||||||
Loans | 373,440 | 369,388 | — | — | 369,388 | |||||||||||||||
Accrued interest receivable | 1,397 | 1,397 | — | 1,397 | — | |||||||||||||||
Financial Liabilities: | ||||||||||||||||||||
Deposits: | ||||||||||||||||||||
Noninterest-bearing | 236,112 | 236,112 | 236,112 | — | — | |||||||||||||||
NOW and money market | 201,860 | 201,860 | 201,860 | — | — | |||||||||||||||
Savings | 42,302 | 42,302 | 42,302 | — | — | |||||||||||||||
Time Deposits | 91,202 | 91,357 | — | — | 91,357 | |||||||||||||||
Total Deposits | 571,476 | 571,631 | 480,274 | 91,357 | ||||||||||||||||
Junior Subordinated Debt | 10,804 | 10,804 | — | — | 10,804 | |||||||||||||||
Accrued interest payable | 57 | 57 | — | 57 | — | |||||||||||||||
December 31, 2012 | ||||||||||||||||||||
(In thousands) | Carrying Amount | Estimated Fair Value | Quoted Prices In Active Markets for Identical Assets Level 1 | Significant Other Observable Inputs Level 2 | Significant Unobservable Inputs Level 3 | |||||||||||||||
Financial Assets: | ||||||||||||||||||||
Cash and cash equivalents | $ | 141,627 | $ | 141,627 | $ | 141,627 | $ | — | $ | — | ||||||||||
Interest-bearing deposits | 1,507 | 1,507 | — | 1,507 | — | |||||||||||||||
Investment securities | 31,844 | 31,844 | 13,593 | 18,251 | — | |||||||||||||||
Loans | 388,249 | 386,836 | — | — | 386,836 | |||||||||||||||
Accrued interest receivable | 1,694 | 1,694 | — | 1,694 | — | |||||||||||||||
Financial Liabilities: | ||||||||||||||||||||
Deposits: | ||||||||||||||||||||
Noninterest-bearing | 217,014 | 217,014 | 217,014 | — | — | |||||||||||||||
NOW and money market | 203,771 | 203,771 | 203,771 | — | — | |||||||||||||||
Savings | 43,117 | 43,117 | 43,117 | — | — | |||||||||||||||
Time Deposits | 99,385 | 99,529 | — | — | 99,529 | |||||||||||||||
Total Deposits | 563,287 | 563,431 | 463,902 | — | 99,529 | |||||||||||||||
Junior Subordinated Debt | 10,068 | 10,068 | — | — | 10,068 | |||||||||||||||
Accrued interest payable | 71 | 71 | — | 71 | — | |||||||||||||||
The Company performs fair value measurements on certain assets and liabilities as the result of the application of current accounting guidelines. Some fair value measurements, such as available-for-sale securities (AFS) and junior subordinated debt are performed on a recurring basis, while others, such as impairment of loans, other real estate owned, goodwill and other intangibles, are performed on a nonrecurring basis. | ||||||||||||||||||||
The Company’s Level 1 financial assets consist of money market funds and highly liquid mutual funds for which fair values are based on quoted market prices. The Company’s Level 2 financial assets include highly liquid debt instruments of U.S. government agencies, collateralized mortgage obligations, and debt obligations of states and political subdivisions, whose fair values are obtained from readily-available pricing sources for the identical or similar underlying security that may, or may not, be actively traded. The Company’s Level 3 financial assets include certain investments securities, certain impaired loans, other real estate owned, goodwill, and intangible assets where the assumptions may be made by us or third parties about assumptions that market participants would use in pricing the asset or liability. From time to time, the Company recognizes transfers between Level 1, 2, and 3 when a change in circumstances warrants a transfer. There were no significant transfers in or out of Level 1 and Level 2 fair value measurements during the three months ended September 30, 2013. | ||||||||||||||||||||
The following methods and assumptions were used in estimating the fair values of financial instruments: | ||||||||||||||||||||
Cash and Cash Equivalents - The carrying amounts reported in the balance sheets for cash and cash equivalents approximate their estimated fair values. | ||||||||||||||||||||
Interest-bearing Deposits – Interest bearing deposits in other banks consist of fixed-rate certificates of deposits. Accordingly, fair value has been estimated based upon interest rates currently being offered on deposits with similar characteristics and maturities. | ||||||||||||||||||||
Investments – Available for sale securities are valued based upon open-market price quotes obtained from reputable third-party brokers that actively make a market in those securities. Market pricing is based upon specific CUSIP identification for each individual security. To the extent there are observable prices in the market, the mid-point of the bid/ask price is used to determine fair value of individual securities. If that data is not available for the last 30 days, a Level 2-type matrix pricing approach based on comparable securities in the market is utilized. Level-2 pricing may include using a forward spread from the last observable trade or may use a proxy bond like a TBA mortgage to come up with a price for the security being valued. Changes in fair market value are recorded through other comprehensive loss as the securities are available for sale. | ||||||||||||||||||||
Loans - Fair values of variable rate loans, which reprice frequently and with no significant change in credit risk, are based on carrying values adjusted for credit risk. Fair values for all other loans, except impaired loans, are estimated using discounted cash flows over their remaining maturities, using interest rates at which similar loans would currently be offered to borrowers with similar credit ratings and for the same remaining maturities. | ||||||||||||||||||||
Impaired Loans - Fair value measurements for impaired loans are performed pursuant to authoritative accounting guidance and are based upon either collateral values supported by appraisals, observed market prices, or discounted cash flows. Changes are not recorded directly as an adjustment to current earnings or comprehensive income, but rather as an adjustment component in determining the overall adequacy of the loan loss reserve. Such adjustments to the estimated fair value of impaired loans may result in increases or decreases to the provision for credit losses recorded in current earnings. | ||||||||||||||||||||
Other Real Estate Owned - Nonrecurring adjustments to certain commercial and residential real estate properties classified as other real estate owned (OREO) are measured at the lower of carrying amount or fair value, less costs to sell. Fair values are generally based on third party appraisals of the property, resulting in a Level 3 classification. In cases where the carrying amount exceeds the fair value, less costs to sell, an impairment loss is recognized. | ||||||||||||||||||||
Goodwill and Core Deposit Intangibles - Goodwill is not amortized but is evaluated periodically for impairment. Fair value of goodwill is determined by comparing the fair value of the operating unit with its carrying value. Fair value is determined on a discounted cash flow methodology using estimated market discount rates and projections of future cash flows for the related operating unit. In addition to projected cash flows, other market metrics are utilized including industry multiples of earnings and price-to-book ratios to estimate what a market participant would pay for the operating unit in the current business environment. Determining the fair value involves a significant amount of judgment, including estimates of changes in revenue growth, changes in discount rates, competitive forces within the industry, and other specific industry and market valuation conditions. If it is determined that goodwill impairment exists, impairment amounts are recorded as an impairment loss in other non-interest expense, and the carrying value of goodwill is reduced by the amount of the impairment. Core deposit intangibles are amortized over the estimated useful lives of the related deposits and are evaluated for impairment periodically. Core deposit intangibles are reviewed for impairment utilizing a discounted cash flow methodology based upon the anticipated deposit runoff over the estimated lives of the deposits, generally six to eight years. If it is determined that impairment exists on the core deposit intangible, impairment amounts are recorded as an impairment loss in other non-interest expense, and the carrying value of the core deposit intangible is reduced by the amount of the impairment. | ||||||||||||||||||||
Deposits – In accordance with authoritative accounting guidance, fair values for transaction and savings accounts are equal to the respective amounts payable on demand at September 30, 2013 and December 31, 2012 (i.e., carrying amounts). The Company believes that the fair value of these deposits is clearly greater than that prescribed under authoritative accounting guidance. Fair values of fixed-maturity certificates of deposit were estimated using the rates currently offered for deposits with similar remaining maturities. | ||||||||||||||||||||
Junior Subordinated Debt – The fair value of the junior subordinated debt was determined based upon a discounted cash flows model utilizing observable market rates and credit characteristics for similar debt instruments. In its analysis, the Company used characteristics that market participants generally use, and considered factors specific to (a) the liability, (b) the principal (or most advantageous) market for the liability, and (c) market participants with whom the reporting entity would transact in that market. For the nine months ended September 30, 2013, cash flows were discounted at a rate which incorporates a current market rate for similar-term debt instruments, adjusted for credit and liquidity risks associated with similar junior subordinated debt and circumstances unique to the Company. The Company believes that the subjective nature of theses inputs, due primarily to the current economic environment, require the junior subordinated debt to be classified as a Level 3 fair value. | ||||||||||||||||||||
Accrued Interest Receivable and Payable - The carrying value of these instruments is a reasonable estimate of fair value. | ||||||||||||||||||||
Off-balance sheet instruments - Off-balance sheet instruments consist of commitments to extend credit, standby letters of credit and derivative contracts. Fair values of commitments to extend credit are estimated using the interest rate currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present counterparties’ credit standing. There was no material difference between the contractual amount and the estimated value of commitments to extend credit at September 30, 2013 and December 31, 2012. | ||||||||||||||||||||
Fair values of standby letters of credit are based on fees currently charged for similar agreements. The fair value of commitments generally approximates the fees received from the customer for issuing such commitments. These fees are not material to the Company’s consolidated balance sheet and results of operations. | ||||||||||||||||||||
The following table provides a description of the valuation technique, unobservable input, and qualitative information about the unobservable inputs for the Company’s assets and liabilities classified as Level 3 and measured at fair value on a recurring basis at September 30, 2013 and 2012: | ||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | |||||||||||||||||||
Financial Instrument | Valuation Technique | Unobservable Input | Weighted Average | Financial Instrument | Valuation Technique | Unobservable Input | Weighted Average | |||||||||||||
Subordinated Debt | Discounted cash flow | Discount Rate | 8.08% | Subordinated Debt | Discounted cash flow | Discount Rate | 7.23% | |||||||||||||
Management believes that the credit risk adjusted spread utilized in the fair value measurement of the junior subordinated debentures carried at fair value is indicative of the nonperformance risk premium a willing market participant would require under current market conditions, that is, the inactive market. Management attributes the change in fair value of the junior subordinated debentures during the period to market changes in the nonperformance expectations and pricing of this type of debt, and not as a result of changes to our entity-specific credit risk. The narrowing of the credit risk adjusted spread above the Company’s contractual spreads has primarily contributed to the negative fair value adjustments. Generally, an increase in the credit risk adjusted spread and/or a decrease in the three month LIBOR swap curve will result in positive fair value adjustments (and decrease the fair value measurement). Conversely, a decrease in the credit risk adjusted spread and/or an increase in the three month LIBOR swap curve will result in negative fair value adjustments (and increase the fair value measurement). | ||||||||||||||||||||
The following tables summarize the Company’s assets and liabilities that were measured at fair value on a recurring and non-recurring basis as of September 30, 2013 (in 000’s): | ||||||||||||||||||||
Description of Assets | 30-Sep-13 | Quoted Prices in | Significant Other | Significant | ||||||||||||||||
Active Markets | Observable Inputs | Unobservable | ||||||||||||||||||
for Identical | (Level 2) | Inputs | ||||||||||||||||||
Assets | (Level 3) | |||||||||||||||||||
(Level 1) | ||||||||||||||||||||
AFS Securities (2): | ||||||||||||||||||||
U.S. government agencies | $ | 26,471 | $ | 7,016 | $ | 19,455 | $ | — | ||||||||||||
U.S. government agency CMO’s | 2,319 | — | 2,319 | — | ||||||||||||||||
Mutual Funds | 3,787 | 3,787 | — | — | ||||||||||||||||
Total AFS securities | $ | 32,577 | $ | 10,803 | $ | 21,774 | $ | — | ||||||||||||
Impaired loans (1): | ||||||||||||||||||||
Commercial and industrial | 418 | — | — | 418 | ||||||||||||||||
Real estate mortgage | 9,766 | — | — | 9,766 | ||||||||||||||||
RE construction & development | 316 | — | — | 316 | ||||||||||||||||
Agricultural | — | — | — | — | ||||||||||||||||
Installment/Other | — | — | — | — | ||||||||||||||||
Total impaired loans | $ | 10,500 | $ | — | $ | — | $ | 10,500 | ||||||||||||
Other real estate owned (1) | 7,293 | — | — | 7,293 | ||||||||||||||||
Total | $ | 50,370 | $ | 10,803 | $ | 21,774 | $ | 17,793 | ||||||||||||
Description of Liabilities | September 30, 2013 | Quoted Prices | Significant | Significant | ||||||||||||||||
in Active | Other | Unobservable | ||||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||||
Identical | Inputs | (Level 3) | ||||||||||||||||||
Assets | (Level 2) | |||||||||||||||||||
(Level 1) | ||||||||||||||||||||
Junior subordinated debt (2) | $ | 10,804 | — | — | $ | 10,804 | ||||||||||||||
Total | $ | 10,804 | — | — | $ | 10,804 | ||||||||||||||
(1)Nonrecurring | ||||||||||||||||||||
(2)Recurring | ||||||||||||||||||||
The following tables summarize the Company’s assets and liabilities that were measured at fair value on a recurring and non-recurring basis as of December 31, 2012 (in 000’s): | ||||||||||||||||||||
Description of Assets | December 31, 2012 | Quoted Prices | Significant | Significant | ||||||||||||||||
in Active | Other | Unobservable | ||||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||||
Identical | Inputs | (Level 3) | ||||||||||||||||||
Assets | (Level 2) | |||||||||||||||||||
(Level 1) | ||||||||||||||||||||
AFS Securities: | ||||||||||||||||||||
U.S Govt agencies | $ | 24,366 | $ | 9,632 | $ | 14,734 | $ | — | ||||||||||||
U.S Govt collateralized mortgage obligations | 3,517 | — | 3,517 | — | ||||||||||||||||
Mutual Funds | 3,961 | 3,961 | — | — | ||||||||||||||||
Total AFS securities | 31,844 | 13,593 | 18,251 | $ | — | |||||||||||||||
Impaired Loans (1): | ||||||||||||||||||||
Commercial and industrial | 576 | — | — | 576 | ||||||||||||||||
Real estate mortgage | 7,903 | — | — | 7,903 | ||||||||||||||||
RE construction & development | — | — | — | — | ||||||||||||||||
Agricultural | — | — | — | — | ||||||||||||||||
Installment/Other | — | — | — | — | ||||||||||||||||
Total impaired loans | $ | 8,479 | $ | — | $ | — | $ | 8,479 | ||||||||||||
Other real estate owned (1) | 12,010 | — | — | 12,010 | ||||||||||||||||
Total | $ | 52,333 | $ | 13,593 | $ | 18,251 | $ | 20,489 | ||||||||||||
Description of Liabilities | 31-Dec-12 | Quoted Prices | Significant | Significant | ||||||||||||||||
in Active | Other | Unobservable | ||||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||||
Identical | Inputs | (Level 3) | ||||||||||||||||||
Assets | (Level 2) | |||||||||||||||||||
(Level 1) | ||||||||||||||||||||
Junior subordinated debt (2) | $ | 10,068 | $ | — | $ | — | $ | 10,068 | ||||||||||||
Total | $ | 10,068 | $ | — | $ | — | $ | 10,068 | ||||||||||||
(1)Nonrecurring | ||||||||||||||||||||
(2)Recurring | ||||||||||||||||||||
The Company recorded an impairment loss of $214,000 on other real estate owned during the nine months ended September 30, 2013. There were no fair value impairment adjustments for the nonrecurring fair value measurements performed during the nine months ended September 30, 2012. | ||||||||||||||||||||
The following tables provide a reconciliation of assets and liabilities at fair value using significant unobservable inputs (Level 3) on a recurring basis during the nine months ended September 30, 2013 and 2012 (in 000’s): | ||||||||||||||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2012 | |||||||||||||||||
Reconciliation of Assets: | Private label | Private label | Private label | Private label | ||||||||||||||||
mortgage-backed | mortgage-backed | mortgage-backed | mortgage-backed | |||||||||||||||||
securities | securities | securities | securities | |||||||||||||||||
Beginning balance | $ | — | $ | — | $ | 8,312 | $ | 7,973 | ||||||||||||
Total gains or (losses) included in earnings | — | — | (623 | ) | (284 | ) | ||||||||||||||
Total gains or (losses) included in other comprehensive income | — | — | 1,125 | 1,125 | ||||||||||||||||
Transfers in and/or out of Level 3 | — | — | — | — | ||||||||||||||||
Ending balance | $ | — | $ | — | $ | 8,814 | $ | 8,814 | ||||||||||||
The amount of total gains or (losses) for the period included in earnings (or other comprehensive loss) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date | $ | — | $ | — | $ | (623 | ) | $ | (284 | ) | ||||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2012 | |||||||||||||||||
Reconciliation of Liabilities: | Junior | Junior | Junior | Junior | ||||||||||||||||
Subordinated | Subordinated | Subordinated | Subordinated | |||||||||||||||||
Debt | Debt | Debt | Debt | |||||||||||||||||
Beginning balance | $ | 10,882 | $ | 10,068 | $ | 9,276 | $ | 9,027 | ||||||||||||
Total losses (gains) included in earnings (or changes in net assets) | (141 | ) | 519 | 171 | 284 | |||||||||||||||
Transfers in and/or (out) of Level 3 | 63 | 217 | 68 | 204 | ||||||||||||||||
Ending balance | $ | 10,804 | $ | 10,804 | $ | 9,515 | $ | 9,515 | ||||||||||||
The amount of total losses (gains) for the period included in earnings attributable to the change in unrealized gains or losses relating to liabilities still held at the reporting date | $ | (141 | ) | $ | 519 | $ | 171 | $ | 284 | |||||||||||
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||
Goodwill and Intangible Assets | ' | |||||||
Goodwill and Intangible Assets | ||||||||
At September 30, 2013 and December 31, 2012 the Company had goodwill, core deposit intangibles, and other identified intangible assets which were recorded in connection with various business combinations and purchases. The following table summarizes the carrying value of those assets at September 30, 2013 and December 31, 2012. | ||||||||
September 30, 2013 | December 31, 2012 | |||||||
Goodwill | $ | 4,488 | $ | 4,488 | ||||
Core deposit intangible assets | 109 | 249 | ||||||
Total goodwill and intangible assets | $ | 4,597 | $ | 4,737 | ||||
Core deposit intangibles are amortized over their useful lives, while goodwill is not amortized. The Company conducts periodic impairment analysis on goodwill and intangible assets at least annually or more often as conditions require. | ||||||||
Goodwill: The largest component of goodwill is related to the Legacy merger (Campbell reporting unit) completed during February 2007 and totaled approximately $2.9 million at September 30, 2013. Annually, the Company conducts its impairment testing of the goodwill related to the Campbell reporting unit. Impairment testing for goodwill is a two-step process. | ||||||||
The first step in impairment testing is to identify potential impairment, which involves determining and comparing the fair value of the operating unit with its carrying value. If the fair value of the reporting unit exceeds its carrying value, goodwill is not impaired. If the carrying value exceeds fair value, there is an indication of possible impairment and the second step is performed to determine the amount of the impairment, if any. The fair value determined in the step one testing is determined based on a discounted cash flow methodology using estimated market discount rates and projections of future cash flows for the Campbell reporting unit. In addition to projected cash flows, the Company also utilizes other market metrics including industry multiples of earnings and price-to-book ratios to estimate what a market participant would pay for the operating unit in the current business environment. Determining the fair value involves a significant amount of judgment, including estimates of changes in revenue growth, changes is discount rates, competitive forces within the industry, and other specific industry and market valuation conditions. If, at the conclusion of the step 1 analysis, the Company concludes that the potential for goodwill impairment exists, step-two testing will be required to determine goodwill impairment and the amount of goodwill that might be impaired, if any. The second step in impairment analysis compares the fair value of the Campbell reporting unit to the aggregate fair values of its individual assets, liabilities and identified intangibles. Based on the results of the first step of the impairment analysis at March 31, 2013, the Company concluded that that the fair value of the reporting unit exceeds it carrying value. Therefore, goodwill was not impaired. | ||||||||
Core Deposit Intangibles: The core deposit intangible asset related to the Legacy Bank Merger, which totaled $3.0 million at the time of merger, was amortized over an estimated life of approximately seven years. At September 30, 2013, there was no remaining carrying value of the core deposit intangible related to the Legacy Bank merger. The Company recognized no amortization expense related to the Legacy operating unit during the nine months ended September 30, 2013. The Company recognized $12,000 in amortization expense related to the Legacy operating unit during the nine months ended September 30, 2012. At September 30, 2013, there was $109,000 in remaining carrying value of core deposit intangible related to the Taft branch acquisitions completed in April 2004. | ||||||||
The Company did not record an impairment loss for the three or nine months ended September 30, 2013 or September 30, 2012. |
Subsequent_Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
Subsequent Events | |
Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Unrecognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date. Management has reviewed events occurring through the date the financial statements were issued. |
Organization_and_Summary_of_Si1
Organization and Summary of Significant Accounting and Reporting Policies (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Recently Issued Accounting Standards | ' |
Recently Issued Accounting Standards: | |
In February 2013, The Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, to improve the transparency of reporting reclassifications out of accumulated other comprehensive income. ASU 2013-02 requires an organization to present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income–but only if the item reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. The amendments are effective for reporting periods beginning after December 15, 2012. The amounts reclassified out of net income were not significant and this ASU did not have a significant impact on the Company’s financial statements. | |
In January 2013, the FASB issued ASU No. 2013-01 Balance Sheet (Topic 210) Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, which clarifies that ordinary trade receivables and receivables are not in the scope of ASU 2011-11. It further clarifies that the scope of ASU No. 2011-11 applies to derivatives, repurchase agreements and reverse purchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with specific criteria contained in FASB Accounting Standards Codification® or subject to a master netting arrangement or similar agreement. Both ASU 2011-11 and ASU 2013-1 are effective for annual periods beginning on or after January 1, 2013, and interim periods within those annual periods. The Company adopted these ASUs during the first quarter of 2013 and they did not have a material impact on its financial statements. | |
In December 2011, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2011-11 Balance Sheet (Topic 210) Disclosures about Offsetting Assets and Liabilities. The ASU enhances disclosures in order to improve the comparability of offsetting (netting) assets and liabilities reported in accordance with U.S. generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS) by requiring entities to disclose both gross information and net information about both instruments and transactions eligible for offset in the statements of condition and instruments and transactions subject to an agreement similar to a master netting arrangement. This ASU did not have a significant impact on the Company’s financial statements. |
Investment_Securities_Availabl1
Investment Securities Available for Sale and Other Investments (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | |||||||||||||||||||||||
Comparison of Amortized Cost and Fair Value of Securities Available for Sale | ' | |||||||||||||||||||||||
Following is a comparison of the amortized cost and fair value of securities available-for-sale, as of September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||||
(In thousands) | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value (Carrying Amount) | ||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||
U.S. Government agencies | $ | 25,803 | $ | 675 | $ | (7 | ) | $ | 26,471 | |||||||||||||||
U.S. Government collateralized mortgage obligations | 2,172 | 147 | — | 2,319 | ||||||||||||||||||||
Mutual Funds | 4,000 | — | (213 | ) | 3,787 | |||||||||||||||||||
Total securities available for sale | $ | 31,975 | $ | 822 | $ | (220 | ) | $ | 32,577 | |||||||||||||||
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value (Carrying Amount) | |||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||
U.S. Government agencies | $ | 23,433 | $ | 933 | $ | — | $ | 24,366 | ||||||||||||||||
U.S. Government collateralized mortgage obligations | 3,266 | 251 | — | 3,517 | ||||||||||||||||||||
Mutual Funds | 4,000 | — | (39 | ) | 3,961 | |||||||||||||||||||
Total securities available for sale | $ | 30,699 | $ | 1,184 | $ | (39 | ) | $ | 31,844 | |||||||||||||||
Contractual Maturities on Collateralized Mortgage Obligation | ' | |||||||||||||||||||||||
The amortized cost and fair value of securities available for sale at September 30, 2013, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because issuers have the right to call or prepay obligations with or without call or prepayment penalties. Contractual maturities on collateralized mortgage obligations cannot be anticipated due to allowed paydowns. Mutual funds are included in the "due in one year or less" category below. | ||||||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||
Amortized Cost | Fair Value (Carrying Amount) | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Due in one year or less | $ | 4,023 | $ | 3,811 | ||||||||||||||||||||
Due after one year through five years | 12,234 | 12,271 | ||||||||||||||||||||||
Due after five years through ten years | 1,924 | 2,066 | ||||||||||||||||||||||
Due after ten years | 11,622 | 12,110 | ||||||||||||||||||||||
Collateralized mortgage obligations | 2,172 | 2,319 | ||||||||||||||||||||||
$ | 31,975 | $ | 32,577 | |||||||||||||||||||||
Temporarily Impaired Investment Securities | ' | |||||||||||||||||||||||
The following summarizes temporarily impaired investment securities: | ||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
30-Sep-13 | Fair Value (Carrying Amount) | Unrealized Losses | Fair Value (Carrying Amount) | Unrealized Losses | Fair Value (Carrying Amount) | Unrealized Losses | ||||||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||
U.S. Government agencies | $ | 6,303 | $ | (7 | ) | $ | — | $ | — | $ | 6,303 | $ | (7 | ) | ||||||||||
U.S. Government agency collateral mortgage obligations | — | — | — | — | — | — | ||||||||||||||||||
Mutual Funds | 3,787 | (213 | ) | — | — | 3,787 | (213 | ) | ||||||||||||||||
Total impaired securities | $ | 10,090 | $ | (220 | ) | $ | — | $ | — | $ | 10,090 | $ | (220 | ) | ||||||||||
December 31, 2012: | ||||||||||||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||
U.S. Government agencies | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
U.S. Government agency collateral mortgage obligations | — | — | — | — | — | — | ||||||||||||||||||
Mutual Funds | 3,961 | (39 | ) | — | — | 3,961 | (39 | ) | ||||||||||||||||
Total impaired securities | $ | 3,961 | $ | (39 | ) | $ | — | $ | — | $ | 3,961 | $ | (39 | ) | ||||||||||
Credit Losses and Impairment Losses Recognized | ' | |||||||||||||||||||||||
The following table details the three private label mortgage-backed securities with other-than-temporary-impairment, their credit rating at September 30, 2012, the related credit losses recognized in earnings during the quarter, and impairment losses in other comprehensive loss: | ||||||||||||||||||||||||
30-Sep-12 | RALI 2006-QS1G | RALI 2006 QS8 | CWALT 2007- | |||||||||||||||||||||
A10 | A1 | 8CB A9 | ||||||||||||||||||||||
(in thousands) | Rated D | Rated D | Rated CCC | Total | ||||||||||||||||||||
Amortized cost – before OTTI | $ | 3,611 | $ | 1,101 | $ | 6,747 | $ | 11,459 | ||||||||||||||||
Credit loss | (771 | ) | (232 | ) | (1,248 | ) | (2,251 | ) | ||||||||||||||||
Other impairment (OCI) | (124 | ) | (5 | ) | (265 | ) | (394 | ) | ||||||||||||||||
Carrying amount – September 30, 2012 | $ | 2,716 | $ | 864 | $ | 5,234 | $ | 8,814 | ||||||||||||||||
Total impairment - September 30, 2012 | $ | (895 | ) | $ | (237 | ) | $ | (1,513 | ) | $ | (2,645 | ) | ||||||||||||
The following table summarizes amounts related to credit losses recognized in earnings for the three and nine months ended ended September 30, 2013 and 2012. | ||||||||||||||||||||||||
Three Months Ended | Three Months Ended | Nine Months Ended | Nine Months Ended | |||||||||||||||||||||
(in thousands) | September 30, 2013 | September 30, 2012 | September 30, 2013 | September 30, 2012 | ||||||||||||||||||||
Beginning balance - credit losses | $ | — | $ | 2,277 | $ | — | $ | 2,257 | ||||||||||||||||
Additions: | ||||||||||||||||||||||||
Initial credit impairments | — | — | — | — | ||||||||||||||||||||
Subsequent credit impairments | — | 113 | — | 284 | ||||||||||||||||||||
Reductions: | ||||||||||||||||||||||||
For securities sold or credit losses realized on principal payments | — | (139 | ) | — | (290 | ) | ||||||||||||||||||
Due to change in intent or requirement to sell | — | — | — | — | ||||||||||||||||||||
For increase expected in cash flows | — | — | — | — | ||||||||||||||||||||
Ending balance - credit losses | $ | — | $ | 2,251 | $ | — | $ | 2,251 | ||||||||||||||||
Loans_and_Leases_Tables
Loans and Leases (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Loans | ' | |||||||||||||||||||||||||||||||||||
Loans are comprised of the following: | ||||||||||||||||||||||||||||||||||||
(In thousands) | September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||||
Commercial and business loans | $ | 68,606 | $ | 69,780 | ||||||||||||||||||||||||||||||||
Government program loans | 2,200 | 2,337 | ||||||||||||||||||||||||||||||||||
Total commercial and industrial | 70,806 | 72,117 | ||||||||||||||||||||||||||||||||||
Real estate – mortgage: | ||||||||||||||||||||||||||||||||||||
Commercial real estate | 142,366 | 133,599 | ||||||||||||||||||||||||||||||||||
Residential mortgages | 50,502 | 55,016 | ||||||||||||||||||||||||||||||||||
Home Improvement and Home Equity loans | 1,469 | 1,319 | ||||||||||||||||||||||||||||||||||
Total real estate mortgage | 194,337 | 189,934 | ||||||||||||||||||||||||||||||||||
RE construction and development | 83,676 | 90,941 | ||||||||||||||||||||||||||||||||||
Agricultural | 24,980 | 36,169 | ||||||||||||||||||||||||||||||||||
Installment | 10,231 | 10,884 | ||||||||||||||||||||||||||||||||||
Commercial lease financing | 0 | 12 | ||||||||||||||||||||||||||||||||||
Total Loans | $ | 384,030 | $ | 400,057 | ||||||||||||||||||||||||||||||||
Delinquent Loans | ' | |||||||||||||||||||||||||||||||||||
The Company monitors delinquency and potential problem loans on an ongoing basis through weekly reports to the Loan Committee and monthly reports to the Board of Directors. The following is a summary of delinquent loans at September 30, 2013 (in thousands): | ||||||||||||||||||||||||||||||||||||
30-Sep-13 | Loans | Loans | Loans | Total Past Due Loans | Current Loans | Total Loans | Accruing | |||||||||||||||||||||||||||||
30-60 Days Past Due | 61-89 Days Past Due | 90 or More | Loans 90 or | |||||||||||||||||||||||||||||||||
Days Past Due | More Days Past Due | |||||||||||||||||||||||||||||||||||
Commercial and Business Loans | $ | 352 | $ | — | $ | — | $ | 352 | $ | 68,254 | $ | 68,606 | $ | — | ||||||||||||||||||||||
Government Program Loans | — | — | — | 2,200 | 2,200 | — | ||||||||||||||||||||||||||||||
Total Commercial and Industrial | 352 | — | — | 352 | 70,454 | 70,806 | — | |||||||||||||||||||||||||||||
Commercial Real Estate Loans | 506 | 7,165 | 7,671 | 134,695 | 142,366 | — | ||||||||||||||||||||||||||||||
Residential Mortgages | 858 | 257 | 1,115 | 49,387 | 50,502 | — | ||||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | 92 | — | 92 | 1,377 | 1,469 | — | ||||||||||||||||||||||||||||||
Total Real Estate Mortgage | 92 | 1,364 | 7,422 | 8,878 | 185,459 | 194,337 | — | |||||||||||||||||||||||||||||
RE Construction and Development Loans | — | 315 | — | 315 | 83,361 | 83,676 | — | |||||||||||||||||||||||||||||
Agricultural Loans | — | — | — | — | 24,980 | 24,980 | — | |||||||||||||||||||||||||||||
Consumer Loans | 71 | — | — | 71 | 9,846 | 9,917 | — | |||||||||||||||||||||||||||||
Overdraft protection Lines | — | — | — | — | 97 | 97 | — | |||||||||||||||||||||||||||||
Overdrafts | — | — | — | — | 217 | 217 | — | |||||||||||||||||||||||||||||
Total Installment/other | 71 | — | — | 71 | 10,160 | 10,231 | — | |||||||||||||||||||||||||||||
Commercial Lease Financing | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Total Loans | $ | 515 | $ | 1,679 | $ | 7,422 | $ | 9,616 | $ | 374,414 | $ | 384,030 | $ | — | ||||||||||||||||||||||
The following is a summary of delinquent loans at December 31, 2012 (in thousands): | ||||||||||||||||||||||||||||||||||||
31-Dec-12 | Loans | Loans | Loans | Total Past Due Loans | Current Loans | Total Loans | Accruing | |||||||||||||||||||||||||||||
30-60 Days Past Due | 61-89 Days Past Due | 90 or More | Loans 90 or | |||||||||||||||||||||||||||||||||
Days Past Due | More Days Past Due | |||||||||||||||||||||||||||||||||||
Commercial and Business Loans | $ | 65 | $ | — | $ | 256 | $ | 321 | $ | 69,459 | $ | 69,780 | $ | — | ||||||||||||||||||||||
Government Program Loans | 88 | — | — | 88 | 2,249 | 2,337 | — | |||||||||||||||||||||||||||||
Total Commercial and Industrial | 153 | — | 256 | 409 | 71,708 | 72,117 | — | |||||||||||||||||||||||||||||
Commercial Real Estate Loans | 3,152 | 2,130 | 5,328 | 10,610 | 122,989 | 133,599 | — | |||||||||||||||||||||||||||||
Residential Mortgages | 333 | 322 | 437 | 1,092 | 53,924 | 55,016 | — | |||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | 119 | 140 | — | 259 | 1,060 | 1,319 | — | |||||||||||||||||||||||||||||
Total Real Estate Mortgage | 3,604 | 2,592 | 5,765 | 11,961 | 177,973 | 189,934 | — | |||||||||||||||||||||||||||||
RE Construction and Development Loans | — | — | — | — | 90,941 | 90,941 | — | |||||||||||||||||||||||||||||
Agricultural Loans | — | 136 | — | 136 | 36,033 | 36,169 | — | |||||||||||||||||||||||||||||
Consumer Loans | 305 | 34 | — | 339 | 10,300 | 10,639 | — | |||||||||||||||||||||||||||||
Overdraft protection Lines | — | — | — | — | 90 | 90 | — | |||||||||||||||||||||||||||||
Overdrafts | — | — | — | — | 155 | 155 | — | |||||||||||||||||||||||||||||
Total Installment | 305 | 34 | — | 339 | 10,545 | 10,884 | — | |||||||||||||||||||||||||||||
Commercial Lease Financing | — | — | — | — | 12 | 12 | — | |||||||||||||||||||||||||||||
Total Loans | $ | 4,062 | $ | 2,762 | $ | 6,021 | $ | 12,845 | $ | 387,212 | $ | 400,057 | $ | — | ||||||||||||||||||||||
Nonaccrual Loan Balances | ' | |||||||||||||||||||||||||||||||||||
The following is a summary of nonaccrual loan balances at September 30, 2013 and December 31, 2012. | ||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||
Commercial and Business Loans | $ | — | $ | 1,093 | ||||||||||||||||||||||||||||||||
Government Program Loans | — | 88 | ||||||||||||||||||||||||||||||||||
Total Commercial and Industrial | — | 1,181 | ||||||||||||||||||||||||||||||||||
Commercial Real Estate Loans | 9,316 | 8,415 | ||||||||||||||||||||||||||||||||||
Residential Mortgages | 1,729 | 1,834 | ||||||||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | — | 10 | ||||||||||||||||||||||||||||||||||
Total Real Estate Mortgage | 11,045 | 10,259 | ||||||||||||||||||||||||||||||||||
RE Construction and Development Loans | 880 | 1,730 | ||||||||||||||||||||||||||||||||||
Agricultural Loans | — | 136 | ||||||||||||||||||||||||||||||||||
Consumer Loans | — | 119 | ||||||||||||||||||||||||||||||||||
Overdraft protection Lines | — | — | ||||||||||||||||||||||||||||||||||
Overdrafts | — | — | ||||||||||||||||||||||||||||||||||
Total Installment | — | 119 | ||||||||||||||||||||||||||||||||||
Commercial lease Financing | — | — | ||||||||||||||||||||||||||||||||||
Total Loans | $ | 11,925 | $ | 13,425 | ||||||||||||||||||||||||||||||||
Impaired Loans | ' | |||||||||||||||||||||||||||||||||||
The following is a summary of impaired loans at, and for the nine months ended September 30, 2013 (in thousands). | ||||||||||||||||||||||||||||||||||||
30-Sep-13 | Unpaid | Recorded | Recorded | Total | Related Allowance | Average | Interest Recognized | |||||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded Investment | Recorded Investment | ||||||||||||||||||||||||||||||||
Principal Balance | With No Allowance | With Allowance (1) | ||||||||||||||||||||||||||||||||||
Commercial and Business Loans | $ | 698 | $ | 284 | $ | 418 | $ | 702 | $ | 5 | $ | 882 | $ | 40 | ||||||||||||||||||||||
Government Program Loans | — | — | — | — | — | 47 | — | |||||||||||||||||||||||||||||
Total Commercial and Industrial | 698 | 284 | 418 | 702 | 5 | 929 | 40 | |||||||||||||||||||||||||||||
Commercial Real Estate Loans | 11,995 | 5,982 | 6,022 | 12,004 | 739 | 10,832 | 275 | |||||||||||||||||||||||||||||
Residential Mortgages | 5,444 | 1,710 | 3,744 | 5,454 | 109 | 6,391 | 162 | |||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | — | — | — | — | 18 | — | ||||||||||||||||||||||||||||||
Total Real Estate Mortgage | 17,439 | 7,692 | 9,766 | 17,458 | 848 | 17,241 | 437 | |||||||||||||||||||||||||||||
RE Construction and Development Loans | 3,420 | 3,126 | 316 | 3,442 | 88 | 2,425 | 66 | |||||||||||||||||||||||||||||
Agricultural Loans | 48 | 48 | — | 48 | — | 96 | 7 | |||||||||||||||||||||||||||||
Consumer Loans | 48 | 48 | — | 48 | — | 80 | 3 | |||||||||||||||||||||||||||||
Overdraft protection Lines | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Overdrafts | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Total Installment | 48 | 48 | — | 48 | — | 80 | 3 | |||||||||||||||||||||||||||||
Commercial Lease Financing | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Total Impaired Loans | $ | 21,653 | $ | 11,198 | $ | 10,500 | $ | 21,698 | $ | 941 | $ | 20,771 | $ | 553 | ||||||||||||||||||||||
(1) The recorded investment in loans includes accrued interest receivable of $45,000. | ||||||||||||||||||||||||||||||||||||
The following is a summary of impaired loans at, and for the year ended, December 31, 2012 (in thousands). | ||||||||||||||||||||||||||||||||||||
31-Dec-12 | Unpaid | Recorded | Recorded | Total | Related Allowance | Average | Interest Recognized | |||||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded Investment | Recorded Investment | ||||||||||||||||||||||||||||||||
Principal Balance | With No Allowance | With Allowance (1) | ||||||||||||||||||||||||||||||||||
Commercial and Business Loans | $ | 1,488 | $ | 767 | $ | 576 | $ | 1,343 | $ | 37 | $ | 5,468 | $ | 26 | ||||||||||||||||||||||
Government Program Loans | 109 | 88 | — | 88 | — | 147 | — | |||||||||||||||||||||||||||||
Total Commercial and Industrial | 1,597 | 855 | 576 | 1,431 | 37 | 5,615 | 26 | |||||||||||||||||||||||||||||
Commercial Real Estate Loans | 11,393 | 6,818 | 4,237 | 11,055 | 436 | 8,498 | 135 | |||||||||||||||||||||||||||||
Residential Mortgages | 7,461 | 3,726 | 3,666 | 7,392 | 185 | 4,416 | 251 | |||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | 10 | 10 | — | 10 | — | 21 | — | |||||||||||||||||||||||||||||
Total Real Estate Mortgage | 18,864 | 10,554 | 7,903 | 18,457 | 621 | 12,935 | 386 | |||||||||||||||||||||||||||||
RE Construction and Development Loans | 1,730 | 1,730 | — | 1,730 | — | 7,298 | — | |||||||||||||||||||||||||||||
Agricultural Loans | 504 | 192 | — | 192 | — | 991 | 50 | |||||||||||||||||||||||||||||
Consumer Loans | 139 | 121 | — | 121 | — | 200 | 6 | |||||||||||||||||||||||||||||
Overdraft protection Lines | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Overdrafts | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Total Installment | 139 | 121 | — | 121 | — | 200 | 6 | |||||||||||||||||||||||||||||
Lease Financing | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Total Impaired Loans | $ | 22,834 | $ | 13,452 | $ | 8,479 | $ | 21,931 | $ | 658 | $ | 27,039 | $ | 468 | ||||||||||||||||||||||
Troubled Debt Restructuring Activity | ' | |||||||||||||||||||||||||||||||||||
The following tables illustrates TDR activity for the periods indicated: | ||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||
Number of | Pre- | Post- | Number of Contracts in Default | Recorded Investment on Defaulted TDRs | ||||||||||||||||||||||||||||||||
Contracts | Modification | Modification | ||||||||||||||||||||||||||||||||||
Outstanding | Outstanding | |||||||||||||||||||||||||||||||||||
Recorded | Recorded | |||||||||||||||||||||||||||||||||||
Investment | Investment | |||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||||||||||||
Commercial and Business Loans | — | $ | — | $ | — | — | $ | — | ||||||||||||||||||||||||||||
Government Program Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial Real Estate Term Loans | — | — | — | 1 | 106 | |||||||||||||||||||||||||||||||
Single Family Residential Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
RE Construction and Development Loans | 40 | 2,561 | 2,540 | — | — | |||||||||||||||||||||||||||||||
Agricultural Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Overdraft protection Lines | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial Lease Financing | — | — | — | — | — | |||||||||||||||||||||||||||||||
Total Loans | 40 | $ | 2,561 | $ | 2,540 | 1 | $ | 106 | ||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||
Number of | Pre- | Post- | Number of Contracts in Default | Recorded Investment on Defaulted TDRs | ||||||||||||||||||||||||||||||||
Contracts | Modification | Modification | ||||||||||||||||||||||||||||||||||
Outstanding | Outstanding | |||||||||||||||||||||||||||||||||||
Recorded | Recorded | |||||||||||||||||||||||||||||||||||
Investment | Investment | |||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||||||||||||
Commercial and Business Loans | — | $ | — | $ | — | — | $ | — | ||||||||||||||||||||||||||||
Government Program Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial Real Estate Term Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Single Family Residential Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
RE Construction and Development Loans | 22 | 2,103 | 2,103 | — | — | |||||||||||||||||||||||||||||||
Agricultural Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Overdraft protection Lines | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial Lease Financing | — | — | — | — | — | |||||||||||||||||||||||||||||||
Total Loans | 22 | $ | 2,103 | $ | 2,103 | — | $ | — | ||||||||||||||||||||||||||||
Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||||||
Number of | Pre- | Post- | Number of Contracts in Default | Recorded Investment on Defaulted TDRs | ||||||||||||||||||||||||||||||||
Contracts | Modification | Modification | ||||||||||||||||||||||||||||||||||
Outstanding | Outstanding | |||||||||||||||||||||||||||||||||||
Recorded | Recorded | |||||||||||||||||||||||||||||||||||
Investment | Investment | |||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||||||||||||
Commercial and Business Loans | 2 | $ | 156 | $ | 151 | — | $ | — | ||||||||||||||||||||||||||||
Government Program Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial Real Estate Term Loans | 5 | 992 | 914 | — | — | |||||||||||||||||||||||||||||||
Single Family Residential Loans | 1 | 329 | 324 | — | — | |||||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
RE Construction and Development Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Agricultural Loans | — | — | 56 | — | — | |||||||||||||||||||||||||||||||
Consumer Loans | — | — | 20 | — | — | |||||||||||||||||||||||||||||||
Overdraft protection Lines | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial Lease Financing | — | — | — | — | — | |||||||||||||||||||||||||||||||
Total Loans | 8 | $ | 1,477 | $ | 1,465 | — | $ | — | ||||||||||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||||||||||||||||||
September 30, 2012 | ||||||||||||||||||||||||||||||||||||
Number of | Pre- | Post- | Number of Contracts in Default | Recorded Investment on Defaulted TDRs | ||||||||||||||||||||||||||||||||
Contracts | Modification | Modification | ||||||||||||||||||||||||||||||||||
Outstanding | Outstanding | |||||||||||||||||||||||||||||||||||
Recorded | Recorded | |||||||||||||||||||||||||||||||||||
Investment | Investment | |||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||||||||||||
Commercial and Business Loans | 2 | $ | 156 | $ | 151 | — | $ | — | ||||||||||||||||||||||||||||
Government Program Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial Real Estate Term Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Single Family Residential Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
RE Construction and Development Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Agricultural Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer Loans | — | — | — | — | — | |||||||||||||||||||||||||||||||
Overdraft protection Lines | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial Lease Financing | — | — | — | — | — | |||||||||||||||||||||||||||||||
Total Loans | 2 | $ | 156 | $ | 151 | — | $ | — | ||||||||||||||||||||||||||||
TDR Activity by Loan Category | ' | |||||||||||||||||||||||||||||||||||
The following tables summarize TDR activity by loan category for the nine months ended September 30, 2013 and September 30, 2012. | ||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | Commercial and Industrial | Commercial Real Estate | Residential Mortgages | Home Equity | RE Construction Development | Agricultural | Installment | Lease Financing | Total | |||||||||||||||||||||||||||
& Other | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 990 | $ | 5,395 | $ | 7,289 | $ | 10 | $ | 2,860 | $ | 191 | $ | 38 | $ | — | $ | 16,773 | ||||||||||||||||||
Defaults | — | (106 | ) | — | — | — | — | — | — | (106 | ) | |||||||||||||||||||||||||
Additions | — | — | — | 44 | 3,901 | — | — | — | 3,945 | |||||||||||||||||||||||||||
Principal reductions | (292 | ) | (1,113 | ) | (1,976 | ) | (54 | ) | (3,656 | ) | (143 | ) | (38 | ) | — | (7,272 | ) | |||||||||||||||||||
Ending balance | $ | 698 | $ | 4,176 | $ | 5,313 | $ | — | $ | 3,105 | $ | 48 | $ | — | $ | — | $ | 13,340 | ||||||||||||||||||
Allowance for loan loss | $ | 5 | $ | 739 | $ | 109 | $ | — | $ | 88 | $ | — | $ | — | $ | — | $ | 941 | ||||||||||||||||||
Nine Months Ended September 30, 2012 | Commercial and Industrial | Commercial Real Estate | Residential Mortgages | Home Equity | RE Construction Development | Agricultural | Installment | Lease Financing | Total | |||||||||||||||||||||||||||
& Other | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 2,619 | $ | 6,850 | $ | 3,457 | $ | 36 | $ | 6,034 | $ | — | $ | 54 | $ | — | $ | 19,050 | ||||||||||||||||||
Defaults | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Additions | 151 | 914 | 324 | — | — | 56 | 20 | — | 1,465 | |||||||||||||||||||||||||||
Principal reductions | (308 | ) | (1,456 | ) | (135 | ) | (25 | ) | (2,375 | ) | — | (34 | ) | — | (4,333 | ) | ||||||||||||||||||||
Ending balance | $ | 2,462 | $ | 6,308 | $ | 3,646 | $ | 11 | $ | 3,659 | $ | 56 | $ | 40 | $ | — | $ | 16,182 | ||||||||||||||||||
Allowance for loan loss | $ | 152 | $ | 325 | $ | 128 | $ | — | $ | 6 | $ | — | $ | — | $ | — | $ | 611 | ||||||||||||||||||
The following tables summarize TDR activity by loan category for the quarters ended September 30, 2013 and September 30, 2012. | ||||||||||||||||||||||||||||||||||||
Three months ended September 30, 2013 | Commercial and Industrial | Commercial Real Estate | Residential Mortgages | Home Equity | RE Construction Development | Agricultural | Installment | Lease Financing | Total | |||||||||||||||||||||||||||
& Other | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 812 | $ | 4,215 | $ | 6,783 | $ | 44 | $ | 2,411 | $ | 51 | $ | — | $ | — | $ | 14,316 | ||||||||||||||||||
Defaults | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Additions | — | — | — | — | 2,103 | — | — | — | 2,103 | |||||||||||||||||||||||||||
Principal reductions | (114 | ) | (39 | ) | (1,470 | ) | (44 | ) | (1,409 | ) | (3 | ) | — | — | (3,079 | ) | ||||||||||||||||||||
Ending balance | $ | 698 | $ | 4,176 | $ | 5,313 | $ | — | $ | 3,105 | $ | 48 | $ | — | $ | — | $ | 13,340 | ||||||||||||||||||
Allowance for loan loss | $ | 5 | $ | 739 | $ | 109 | $ | 0 | $ | 88 | $ | — | $ | — | $ | — | $ | 941 | ||||||||||||||||||
Three months ended September 30, 2012 | Commercial and Industrial | Commercial Real Estate | Residential Mortgages | Home Equity | RE Construction Development | Agricultural | Installment | Lease Financing | Total | |||||||||||||||||||||||||||
& Other | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 2,359 | $ | 6,355 | $ | 3,774 | $ | 12 | $ | 4,147 | $ | 57 | $ | 58 | $ | — | $ | 16,762 | ||||||||||||||||||
Defaults | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Additions | 151 | — | — | — | — | — | — | — | 151 | |||||||||||||||||||||||||||
Principal reductions | (48 | ) | (47 | ) | (128 | ) | (1 | ) | (488 | ) | (1 | ) | (18 | ) | — | (731 | ) | |||||||||||||||||||
Ending balance | $ | 2,462 | $ | 6,308 | $ | 3,646 | $ | 11 | $ | 3,659 | $ | 56 | $ | 40 | $ | — | $ | 16,182 | ||||||||||||||||||
Allowance for loan loss | $ | 152 | $ | 325 | $ | 128 | $ | — | $ | 6 | $ | — | $ | — | $ | — | $ | 611 | ||||||||||||||||||
Credit Risk Rating for Commercial, Construction and Non-Consumer Related Loans | ' | |||||||||||||||||||||||||||||||||||
The following tables summarize the credit risk ratings for commercial, construction, and other non-consumer related loans for September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial RE | RE Construction and Development | Agricultural | Total | ||||||||||||||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||||||||||||||
(000's) | ||||||||||||||||||||||||||||||||||||
Grades 1 and 2 | $ | 790 | $ | — | $ | — | $ | 70 | $ | 860 | ||||||||||||||||||||||||||
Grade 3 | 2,018 | 5,354 | 826 | — | 8,198 | |||||||||||||||||||||||||||||||
Grades 4 and 5 – pass | 67,153 | 127,235 | 65,430 | 24,910 | 284,728 | |||||||||||||||||||||||||||||||
Grade 6 – special mention | 698 | — | — | — | 698 | |||||||||||||||||||||||||||||||
Grade 7 – substandard | 147 | 9,777 | 17,420 | — | 27,344 | |||||||||||||||||||||||||||||||
Grade 8 – doubtful | — | — | — | — | — | |||||||||||||||||||||||||||||||
Total | $ | 70,806 | $ | 142,366 | $ | 83,676 | $ | 24,980 | $ | 321,828 | ||||||||||||||||||||||||||
Commercial and Industrial | Commercial RE | RE Construction and Development | Agricultural | Total | ||||||||||||||||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||||||||||||||
(000's) | ||||||||||||||||||||||||||||||||||||
Grades 1 and 2 | $ | 825 | $ | — | $ | — | $ | 60 | $ | 885 | ||||||||||||||||||||||||||
Grade 3 | 2,071 | 5,947 | 856 | — | 8,874 | |||||||||||||||||||||||||||||||
Grades 4 and 5 – pass | 66,098 | 116,606 | 75,191 | 35,973 | 293,868 | |||||||||||||||||||||||||||||||
Grade 6 – special mention | 1,867 | — | 141 | — | 2,008 | |||||||||||||||||||||||||||||||
Grade 7 – substandard | 1,256 | 11,046 | 14,753 | 136 | 27,191 | |||||||||||||||||||||||||||||||
Grade 8 – doubtful | — | — | — | — | — | |||||||||||||||||||||||||||||||
Total | $ | 72,117 | $ | 133,599 | $ | 90,941 | $ | 36,169 | $ | 332,826 | ||||||||||||||||||||||||||
Credit Risk Ratings for Consumer Related Loans and Other Homogenous Loans | ' | |||||||||||||||||||||||||||||||||||
The following tables summarize the credit risk ratings for consumer related loans and other homogeneous loans for September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||||||
Residential Mortgages | Home | Installment | Total | Residential Mortgages | Home | Installment | Total | |||||||||||||||||||||||||||||
(000's) | Improvement and Home Equity | Improvement and Home Equity | ||||||||||||||||||||||||||||||||||
Not graded | $ | 28,985 | $ | 1,437 | $ | 8,721 | $ | 39,143 | $ | 30,727 | $ | 1,309 | $ | 9,221 | $ | 41,257 | ||||||||||||||||||||
Pass | 19,145 | 0 | 1,510 | 20,655 | 20,572 | 0 | 1,422 | 21,994 | ||||||||||||||||||||||||||||
Special Mention | — | 32 | — | 32 | 909 | 0 | 49 | 958 | ||||||||||||||||||||||||||||
Substandard | 2,372 | — | — | 2,372 | 2,808 | 10 | 192 | 3,010 | ||||||||||||||||||||||||||||
Total | $ | 50,502 | $ | 1,469 | $ | 10,231 | $ | 62,202 | $ | 55,016 | $ | 1,319 | $ | 10,884 | $ | 67,219 | ||||||||||||||||||||
Allowance for Credit Loses by Loan Category | ' | |||||||||||||||||||||||||||||||||||
The following summarizes the activity in the allowance for credit losses by loan category for the nine months ended September 30, 2013 and 2012. | ||||||||||||||||||||||||||||||||||||
Nine Months Ended | Commercial and Industrial | Real Estate Mortgage | RE Construction Development | Agricultural | Installment & Other | Commercial Lease Financing | Unallocated | Total | ||||||||||||||||||||||||||||
September 30, 2013 (in 000's) | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 1,614 | $ | 1,292 | $ | 2,814 | $ | 352 | $ | 288 | $ | 1 | $ | 5,423 | $ | 11,784 | ||||||||||||||||||||
Provision for credit losses | 972 | 983 | 1,854 | 208 | 259 | (1 | ) | (5,395 | ) | (1,120 | ) | |||||||||||||||||||||||||
Charge-offs | (542 | ) | (265 | ) | — | (136 | ) | (258 | ) | — | — | (1,201 | ) | |||||||||||||||||||||||
Recoveries | 163 | 6 | 738 | 129 | 53 | — | — | 1,089 | ||||||||||||||||||||||||||||
Net charge-offs | (379 | ) | (259 | ) | 738 | (7 | ) | (205 | ) | — | — | (112 | ) | |||||||||||||||||||||||
Ending balance | $ | 2,207 | $ | 2,016 | $ | 5,406 | $ | 553 | $ | 342 | $ | — | $ | 28 | $ | 10,552 | ||||||||||||||||||||
Period-end amount allocated to: | ||||||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | 739 | 109 | — | 88 | — | — | 5 | 941 | ||||||||||||||||||||||||||||
Loans collectively evaluated for impairment | 1,468 | 1,907 | 5,406 | 465 | 342 | — | 23 | 9,611 | ||||||||||||||||||||||||||||
Ending balance | $ | 2,207 | $ | 2,016 | $ | 5,406 | $ | 553 | $ | 342 | $ | — | $ | 28 | $ | 10,552 | ||||||||||||||||||||
Nine Months Ended | Commercial and Industrial | Real Estate Mortgage | RE Construction Development | Agricultural | Installment & Other | Commercial Lease Financing | Unallocated | Total | ||||||||||||||||||||||||||||
September 30, 2012 (in 000's) | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 6,787 | $ | 1,416 | $ | 4,579 | $ | 508 | $ | 116 | $ | 1 | $ | 241 | $ | 13,648 | ||||||||||||||||||||
Provision for credit losses | (3,443 | ) | (286 | ) | (965 | ) | 2,081 | 520 | 1 | 3,102 | 1,010 | |||||||||||||||||||||||||
Charge-offs | (887 | ) | (165 | ) | (10 | ) | (2,317 | ) | (296 | ) | — | — | (3,675 | ) | ||||||||||||||||||||||
Recoveries | 125 | 8 | — | — | 44 | — | — | 177 | ||||||||||||||||||||||||||||
Net charge-offs | (762 | ) | (157 | ) | (10 | ) | (2,317 | ) | (252 | ) | — | — | (3,498 | ) | ||||||||||||||||||||||
Ending balance | $ | 2,582 | $ | 973 | $ | 3,604 | $ | 272 | $ | 384 | $ | 2 | $ | 3,343 | $ | 11,160 | ||||||||||||||||||||
Period-end amount allocated to: | ||||||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | 152 | 709 | 6 | — | 46 | — | — | 913 | ||||||||||||||||||||||||||||
Loans collectively evaluated for impairment | 2,430 | 264 | 3,598 | 272 | 338 | 2 | 3,343 | 10,247 | ||||||||||||||||||||||||||||
Ending balance | $ | 2,582 | $ | 973 | $ | 3,604 | $ | 272 | $ | 384 | $ | 2 | $ | 3,343 | $ | 11,160 | ||||||||||||||||||||
The following summarizes the activity in the allowance for credit losses by loan category for the quarters ended September 30, 2013 and 2012. | ||||||||||||||||||||||||||||||||||||
Three Months Ended | Commercial and Industrial | Real Estate Mortgage | RE Construction Development | Agricultural | Installment & Other | Commercial Lease Financing | Unallocated | Total | ||||||||||||||||||||||||||||
September 30, 2013 (in 000's) | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 2,665 | $ | 1,679 | $ | 2,972 | $ | 243 | $ | 315 | $ | — | $ | 3,283 | $ | 11,157 | ||||||||||||||||||||
Provision for credit losses | (390 | ) | 383 | 1,696 | 181 | 235 | — | (3,255 | ) | (1,150 | ) | |||||||||||||||||||||||||
Charge-offs | (193 | ) | (49 | ) | — | (232 | ) | — | — | (474 | ) | |||||||||||||||||||||||||
Recoveries | 125 | 3 | 738 | 129 | 24 | — | — | 1,019 | ||||||||||||||||||||||||||||
Net charge-offs | (68 | ) | (46 | ) | 738 | 129 | (208 | ) | — | — | 545 | |||||||||||||||||||||||||
Ending balance | $ | 2,207 | $ | 2,016 | $ | 5,406 | $ | 553 | $ | 342 | $ | — | $ | 28 | $ | 10,552 | ||||||||||||||||||||
Period-end amount allocated to: | ||||||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | 739 | 109 | — | 88 | — | — | 5 | 941 | ||||||||||||||||||||||||||||
Loans collectively evaluated for impairment | 1,468 | 1,907 | 5,406 | 465 | 342 | — | 23 | 9,611 | ||||||||||||||||||||||||||||
Ending balance | $ | 2,207 | $ | 2,016 | $ | 5,406 | $ | 553 | $ | 342 | $ | — | $ | 28 | $ | 10,552 | ||||||||||||||||||||
Three Months Ended | Commercial and Industrial | Real Estate Mortgage | RE Construction Development | Agricultural | Installment & Other | Commercial Lease Financing | Unallocated | Total | ||||||||||||||||||||||||||||
September 30, 2012 (in 000's) | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 3,564 | $ | 1,054 | $ | 5,800 | $ | 277 | $ | 346 | $ | 3 | $ | 565 | $ | 11,609 | ||||||||||||||||||||
Provision for credit losses | (922 | ) | 27 | (2,196 | ) | 143 | 175 | (1 | ) | 2,778 | 4 | |||||||||||||||||||||||||
Charge-offs | (124 | ) | (112 | ) | — | (148 | ) | (159 | ) | — | — | (543 | ) | |||||||||||||||||||||||
Recoveries | 64 | 4 | — | — | 22 | — | — | 90 | ||||||||||||||||||||||||||||
Net charge-offs | (60 | ) | (108 | ) | 0 | (148 | ) | (137 | ) | — | — | (453 | ) | |||||||||||||||||||||||
Ending balance | $ | 2,582 | $ | 973 | $ | 3,604 | $ | 272 | $ | 384 | $ | 2 | $ | 3,343 | $ | 11,160 | ||||||||||||||||||||
Period-end amount allocated to: | ||||||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | 152 | 709 | 6 | — | 46 | — | — | 913 | ||||||||||||||||||||||||||||
Loans collectively evaluated for impairment | 2,430 | 264 | 3,598 | 272 | 338 | 2 | 3,343 | 10,247 | ||||||||||||||||||||||||||||
Ending balance | $ | 2,582 | $ | 973 | $ | 3,604 | $ | 272 | $ | 384 | $ | 2 | $ | 3,343 | $ | 11,160 | ||||||||||||||||||||
Summarized Loan Balances | ' | |||||||||||||||||||||||||||||||||||
The following summarizes information with respect to the loan balances at September 30, 2013 and December 31, 2012. | ||||||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||||||
Loans | Loans | Total Loans | Loans | Loans | Total Loans | |||||||||||||||||||||||||||||||
Individually | Collectively | Individually | Collectively | |||||||||||||||||||||||||||||||||
(000's) | Evaluated for Impairment | Evaluated for Impairment | Evaluated for Impairment | Evaluated for Impairment | ||||||||||||||||||||||||||||||||
Commercial and Business Loans | $ | 702 | $ | 67,904 | $ | 68,606 | $ | 1,343 | $ | 68,437 | $ | 69,780 | ||||||||||||||||||||||||
Government Program Loans | — | 2,200 | 2,200 | 88 | 2,249 | 2,337 | ||||||||||||||||||||||||||||||
Total Commercial and Industrial | 702 | 70,104 | 70,806 | 1,431 | 70,686 | 72,117 | ||||||||||||||||||||||||||||||
Commercial Real Estate Loans | 12,004 | 130,362 | 142,366 | 11,055 | 122,544 | 133,599 | ||||||||||||||||||||||||||||||
Residential Mortgage Loans | 5,454 | 45,048 | 50,502 | 7,392 | 47,624 | 55,016 | ||||||||||||||||||||||||||||||
Home Improvement and Home Equity Loans | — | 1,469 | 1,469 | 10 | 1,309 | 1,319 | ||||||||||||||||||||||||||||||
Total Real Estate Mortgage | 17,458 | 176,879 | 194,337 | 18,457 | 171,477 | 189,934 | ||||||||||||||||||||||||||||||
Total RE Construction and Development Loans | 3,442 | 80,234 | 83,676 | 1,730 | 89,211 | 90,941 | ||||||||||||||||||||||||||||||
Total Agricultural Loans | 48 | 24,932 | 24,980 | 192 | 35,977 | 36,169 | ||||||||||||||||||||||||||||||
Total Installment Loans | 48 | 10,183 | 10,231 | 121 | 10,763 | 10,884 | ||||||||||||||||||||||||||||||
Commercial Lease Financing | — | — | — | — | 12 | 12 | ||||||||||||||||||||||||||||||
Total Loans | $ | 21,698 | $ | 362,332 | $ | 384,030 | $ | 21,931 | $ | 378,126 | $ | 400,057 | ||||||||||||||||||||||||
Deposits_Tables
Deposits (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Deposits [Abstract] | ' | |||||||
Deposits Summary | ' | |||||||
Deposits include the following: | ||||||||
(In thousands) | September 30, 2013 | December 31, 2012 | ||||||
Noninterest-bearing deposits | $ | 236,112 | $ | 217,014 | ||||
Interest-bearing deposits: | ||||||||
NOW and money market accounts | 201,860 | 203,771 | ||||||
Savings accounts | 42,302 | 43,117 | ||||||
Time deposits: | ||||||||
Under $100,000 | 30,144 | 32,532 | ||||||
$100,000 and over | 61,058 | 66,853 | ||||||
Total interest-bearing deposits | 335,364 | 346,273 | ||||||
Total deposits | $ | 571,476 | $ | 563,287 | ||||
Total brokered deposits included in time deposits above | $ | 14,940 | $ | 17,984 | ||||
Supplemental_Cash_Flow_Disclos1
Supplemental Cash Flow Disclosures (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Supplemental Cash Flow Information [Abstract] | ' | |||||||
Supplemental Cash Flow Disclosures | ' | |||||||
Nine Months Ended September 30, | ||||||||
(In thousands) | 2013 | 2012 | ||||||
Cash paid during the period for: | ||||||||
Interest | $ | 1,056 | $ | 1,580 | ||||
Income Taxes | $ | — | $ | — | ||||
Noncash investing activities: | ||||||||
Loans transferred to foreclosed assets | $ | 437 | $ | — | ||||
OREO financed | $ | 2,328 | $ | — | ||||
Net_Income_per_Common_Share_Ta
Net Income per Common Share (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||
Computation of Income (Loss) Per Share | ' | |||||||||||||||
The following table provides a reconciliation of the numerator and the denominator of the basic EPS computation with the numerator and the denominator of the diluted EPS computation: | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Net income available to common shareholders (in thousands) | $ | 1,852 | $ | 1,366 | $ | 4,323 | $ | 4,591 | ||||||||
Weighted average shares issued | 14,653,336 | 14,507,796 | 14,650,992 | 14,507,796 | ||||||||||||
Add: dilutive effect of stock options | 234 | — | 923 | — | ||||||||||||
Weighted average shares outstanding adjusted for potential dilution | 14,653,570 | 14,507,796 | 14,651,915 | 14,507,796 | ||||||||||||
Basic earnings per share | $ | 0.13 | $ | 0.09 | $ | 0.3 | $ | 0.32 | ||||||||
Diluted earnings per share | $ | 0.13 | $ | 0.09 | $ | 0.3 | $ | 0.32 | ||||||||
Anti-dilutive stock options excluded from earnings per share calculation | 187,000 | 159,000 | 191,000 | 159,000 | ||||||||||||
Fair_Value_Measurements_and_Di1
Fair Value Measurements and Disclosure (Tables) | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||
Fair Value of Financial Instruments | ' | |||||||||||||||||||
The table below is a summary of fair value estimates for financial instruments and the level of the fair value hierarchy within which the fair value measurements are categorized at the periods indicated: | ||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||
(In thousands) | Carrying Amount | Estimated Fair Value | Quoted Prices In Active Markets for Identical Assets Level 1 | Significant Other Observable Inputs Level 2 | Significant Unobservable Inputs Level 3 | |||||||||||||||
Financial Assets: | ||||||||||||||||||||
Cash and cash equivalents | $ | 181,842 | $ | 181,842 | $ | 181,842 | $ | — | $ | — | ||||||||||
Interest-bearing deposits | 1,513 | 1,513 | — | 1,513 | — | |||||||||||||||
Investment securities | 32,577 | 32,577 | 10,803 | 21,774 | — | |||||||||||||||
Loans | 373,440 | 369,388 | — | — | 369,388 | |||||||||||||||
Accrued interest receivable | 1,397 | 1,397 | — | 1,397 | — | |||||||||||||||
Financial Liabilities: | ||||||||||||||||||||
Deposits: | ||||||||||||||||||||
Noninterest-bearing | 236,112 | 236,112 | 236,112 | — | — | |||||||||||||||
NOW and money market | 201,860 | 201,860 | 201,860 | — | — | |||||||||||||||
Savings | 42,302 | 42,302 | 42,302 | — | — | |||||||||||||||
Time Deposits | 91,202 | 91,357 | — | — | 91,357 | |||||||||||||||
Total Deposits | 571,476 | 571,631 | 480,274 | 91,357 | ||||||||||||||||
Junior Subordinated Debt | 10,804 | 10,804 | — | — | 10,804 | |||||||||||||||
Accrued interest payable | 57 | 57 | — | 57 | — | |||||||||||||||
December 31, 2012 | ||||||||||||||||||||
(In thousands) | Carrying Amount | Estimated Fair Value | Quoted Prices In Active Markets for Identical Assets Level 1 | Significant Other Observable Inputs Level 2 | Significant Unobservable Inputs Level 3 | |||||||||||||||
Financial Assets: | ||||||||||||||||||||
Cash and cash equivalents | $ | 141,627 | $ | 141,627 | $ | 141,627 | $ | — | $ | — | ||||||||||
Interest-bearing deposits | 1,507 | 1,507 | — | 1,507 | — | |||||||||||||||
Investment securities | 31,844 | 31,844 | 13,593 | 18,251 | — | |||||||||||||||
Loans | 388,249 | 386,836 | — | — | 386,836 | |||||||||||||||
Accrued interest receivable | 1,694 | 1,694 | — | 1,694 | — | |||||||||||||||
Financial Liabilities: | ||||||||||||||||||||
Deposits: | ||||||||||||||||||||
Noninterest-bearing | 217,014 | 217,014 | 217,014 | — | — | |||||||||||||||
NOW and money market | 203,771 | 203,771 | 203,771 | — | — | |||||||||||||||
Savings | 43,117 | 43,117 | 43,117 | — | — | |||||||||||||||
Time Deposits | 99,385 | 99,529 | — | — | 99,529 | |||||||||||||||
Total Deposits | 563,287 | 563,431 | 463,902 | — | 99,529 | |||||||||||||||
Junior Subordinated Debt | 10,068 | 10,068 | — | — | 10,068 | |||||||||||||||
Accrued interest payable | 71 | 71 | — | 71 | — | |||||||||||||||
Description of the Valuation Technique, Unobservable Input, and Qualitative Information about the Unobservable Inputs for the Company's Assets and Liabilities Classified as Level 3 and Measured at Fair Value on a Recurring Basis | ' | |||||||||||||||||||
The following table provides a description of the valuation technique, unobservable input, and qualitative information about the unobservable inputs for the Company’s assets and liabilities classified as Level 3 and measured at fair value on a recurring basis at September 30, 2013 and 2012: | ||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | |||||||||||||||||||
Financial Instrument | Valuation Technique | Unobservable Input | Weighted Average | Financial Instrument | Valuation Technique | Unobservable Input | Weighted Average | |||||||||||||
Subordinated Debt | Discounted cash flow | Discount Rate | 8.08% | Subordinated Debt | Discounted cash flow | Discount Rate | 7.23% | |||||||||||||
Assets and Liabilities Measured at Fair Value on Recurring and Non-recurring Basis | ' | |||||||||||||||||||
The following tables summarize the Company’s assets and liabilities that were measured at fair value on a recurring and non-recurring basis as of September 30, 2013 (in 000’s): | ||||||||||||||||||||
Description of Assets | 30-Sep-13 | Quoted Prices in | Significant Other | Significant | ||||||||||||||||
Active Markets | Observable Inputs | Unobservable | ||||||||||||||||||
for Identical | (Level 2) | Inputs | ||||||||||||||||||
Assets | (Level 3) | |||||||||||||||||||
(Level 1) | ||||||||||||||||||||
AFS Securities (2): | ||||||||||||||||||||
U.S. government agencies | $ | 26,471 | $ | 7,016 | $ | 19,455 | $ | — | ||||||||||||
U.S. government agency CMO’s | 2,319 | — | 2,319 | — | ||||||||||||||||
Mutual Funds | 3,787 | 3,787 | — | — | ||||||||||||||||
Total AFS securities | $ | 32,577 | $ | 10,803 | $ | 21,774 | $ | — | ||||||||||||
Impaired loans (1): | ||||||||||||||||||||
Commercial and industrial | 418 | — | — | 418 | ||||||||||||||||
Real estate mortgage | 9,766 | — | — | 9,766 | ||||||||||||||||
RE construction & development | 316 | — | — | 316 | ||||||||||||||||
Agricultural | — | — | — | — | ||||||||||||||||
Installment/Other | — | — | — | — | ||||||||||||||||
Total impaired loans | $ | 10,500 | $ | — | $ | — | $ | 10,500 | ||||||||||||
Other real estate owned (1) | 7,293 | — | — | 7,293 | ||||||||||||||||
Total | $ | 50,370 | $ | 10,803 | $ | 21,774 | $ | 17,793 | ||||||||||||
Description of Liabilities | September 30, 2013 | Quoted Prices | Significant | Significant | ||||||||||||||||
in Active | Other | Unobservable | ||||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||||
Identical | Inputs | (Level 3) | ||||||||||||||||||
Assets | (Level 2) | |||||||||||||||||||
(Level 1) | ||||||||||||||||||||
Junior subordinated debt (2) | $ | 10,804 | — | — | $ | 10,804 | ||||||||||||||
Total | $ | 10,804 | — | — | $ | 10,804 | ||||||||||||||
(1)Nonrecurring | ||||||||||||||||||||
(2)Recurring | ||||||||||||||||||||
The following tables summarize the Company’s assets and liabilities that were measured at fair value on a recurring and non-recurring basis as of December 31, 2012 (in 000’s): | ||||||||||||||||||||
Description of Assets | December 31, 2012 | Quoted Prices | Significant | Significant | ||||||||||||||||
in Active | Other | Unobservable | ||||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||||
Identical | Inputs | (Level 3) | ||||||||||||||||||
Assets | (Level 2) | |||||||||||||||||||
(Level 1) | ||||||||||||||||||||
AFS Securities: | ||||||||||||||||||||
U.S Govt agencies | $ | 24,366 | $ | 9,632 | $ | 14,734 | $ | — | ||||||||||||
U.S Govt collateralized mortgage obligations | 3,517 | — | 3,517 | — | ||||||||||||||||
Mutual Funds | 3,961 | 3,961 | — | — | ||||||||||||||||
Total AFS securities | 31,844 | 13,593 | 18,251 | $ | — | |||||||||||||||
Impaired Loans (1): | ||||||||||||||||||||
Commercial and industrial | 576 | — | — | 576 | ||||||||||||||||
Real estate mortgage | 7,903 | — | — | 7,903 | ||||||||||||||||
RE construction & development | — | — | — | — | ||||||||||||||||
Agricultural | — | — | — | — | ||||||||||||||||
Installment/Other | — | — | — | — | ||||||||||||||||
Total impaired loans | $ | 8,479 | $ | — | $ | — | $ | 8,479 | ||||||||||||
Other real estate owned (1) | 12,010 | — | — | 12,010 | ||||||||||||||||
Total | $ | 52,333 | $ | 13,593 | $ | 18,251 | $ | 20,489 | ||||||||||||
Description of Liabilities | 31-Dec-12 | Quoted Prices | Significant | Significant | ||||||||||||||||
in Active | Other | Unobservable | ||||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||||
Identical | Inputs | (Level 3) | ||||||||||||||||||
Assets | (Level 2) | |||||||||||||||||||
(Level 1) | ||||||||||||||||||||
Junior subordinated debt (2) | $ | 10,068 | $ | — | $ | — | $ | 10,068 | ||||||||||||
Total | $ | 10,068 | $ | — | $ | — | $ | 10,068 | ||||||||||||
(1)Nonrecurring | ||||||||||||||||||||
(2)Recurring | ||||||||||||||||||||
Significant Unobservable Inputs (Level 3) on a Recurring Basis | ' | |||||||||||||||||||
The following tables provide a reconciliation of assets and liabilities at fair value using significant unobservable inputs (Level 3) on a recurring basis during the nine months ended September 30, 2013 and 2012 (in 000’s): | ||||||||||||||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2012 | |||||||||||||||||
Reconciliation of Assets: | Private label | Private label | Private label | Private label | ||||||||||||||||
mortgage-backed | mortgage-backed | mortgage-backed | mortgage-backed | |||||||||||||||||
securities | securities | securities | securities | |||||||||||||||||
Beginning balance | $ | — | $ | — | $ | 8,312 | $ | 7,973 | ||||||||||||
Total gains or (losses) included in earnings | — | — | (623 | ) | (284 | ) | ||||||||||||||
Total gains or (losses) included in other comprehensive income | — | — | 1,125 | 1,125 | ||||||||||||||||
Transfers in and/or out of Level 3 | — | — | — | — | ||||||||||||||||
Ending balance | $ | — | $ | — | $ | 8,814 | $ | 8,814 | ||||||||||||
The amount of total gains or (losses) for the period included in earnings (or other comprehensive loss) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date | $ | — | $ | — | $ | (623 | ) | $ | (284 | ) | ||||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2012 | |||||||||||||||||
Reconciliation of Liabilities: | Junior | Junior | Junior | Junior | ||||||||||||||||
Subordinated | Subordinated | Subordinated | Subordinated | |||||||||||||||||
Debt | Debt | Debt | Debt | |||||||||||||||||
Beginning balance | $ | 10,882 | $ | 10,068 | $ | 9,276 | $ | 9,027 | ||||||||||||
Total losses (gains) included in earnings (or changes in net assets) | (141 | ) | 519 | 171 | 284 | |||||||||||||||
Transfers in and/or (out) of Level 3 | 63 | 217 | 68 | 204 | ||||||||||||||||
Ending balance | $ | 10,804 | $ | 10,804 | $ | 9,515 | $ | 9,515 | ||||||||||||
The amount of total losses (gains) for the period included in earnings attributable to the change in unrealized gains or losses relating to liabilities still held at the reporting date | $ | (141 | ) | $ | 519 | $ | 171 | $ | 284 | |||||||||||
Goodwill_and_Intangible_Assets1
Goodwill and Intangible Assets (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||
Goodwill and Intangible Assets | ' | |||||||
At September 30, 2013 and December 31, 2012 the Company had goodwill, core deposit intangibles, and other identified intangible assets which were recorded in connection with various business combinations and purchases. The following table summarizes the carrying value of those assets at September 30, 2013 and December 31, 2012. | ||||||||
September 30, 2013 | December 31, 2012 | |||||||
Goodwill | $ | 4,488 | $ | 4,488 | ||||
Core deposit intangible assets | 109 | 249 | ||||||
Total goodwill and intangible assets | $ | 4,597 | $ | 4,737 | ||||
Organization_and_Summary_of_Si2
Organization and Summary of Significant Accounting and Reporting Policies (Details) | 9 Months Ended |
Sep. 30, 2013 | |
subsidiary | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Number of subsidiaries | 2 |
Investment_Securities_Availabl2
Investment Securities Available for Sale and Other Investments (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |||
segment | security | ||||||
security | |||||||
Comparison of amortized cost and fair value of securities available for sale [Abstract] | ' | ' | ' | ' | ' | ||
Amortized Cost | $31,975,000 | ' | $31,975,000 | ' | $30,699,000 | ||
Gross Unrealized Gains | 822,000 | ' | 822,000 | ' | 1,184,000 | ||
Gross Unrealized Losses | -220,000 | ' | -220,000 | ' | -39,000 | ||
Fair Value (Carrying Amount) | 32,577,000 | ' | 32,577,000 | ' | 31,844,000 | ||
Amortized Cost [Abstract] | ' | ' | ' | ' | ' | ||
Due in one year or less | 4,023,000 | ' | 4,023,000 | ' | ' | ||
Due after one year through five years | 12,234,000 | ' | 12,234,000 | ' | ' | ||
Due after five years through ten years | 1,924,000 | ' | 1,924,000 | ' | ' | ||
Due after ten years | 11,622,000 | ' | 11,622,000 | ' | ' | ||
Collateralized mortgage obligations | 2,172,000 | ' | 2,172,000 | ' | ' | ||
Amortized Cost | 31,975,000 | ' | 31,975,000 | ' | 30,699,000 | ||
Fair Value (Carrying Amount) [Abstract] | ' | ' | ' | ' | ' | ||
Due in one year or less | 3,811,000 | ' | 3,811,000 | ' | ' | ||
Due after one year through five years | 12,271,000 | ' | 12,271,000 | ' | ' | ||
Due after five years through ten years | 2,066,000 | ' | 2,066,000 | ' | ' | ||
Due after ten years | 12,110,000 | ' | 12,110,000 | ' | ' | ||
Collateralized mortgage obligations | 2,319,000 | ' | 2,319,000 | ' | ' | ||
Fair Value (Carrying Amount) | 32,577,000 | [1] | ' | 32,577,000 | [1] | ' | 31,844,000 |
Realized gains on sales of available-for-sale securities | ' | ' | 0 | ' | ' | ||
Realized losses on sales of available-for-sale securities | 0 | 10,000 | 0 | 10,000 | ' | ||
Other-than-temporary impairment losses | ' | ' | 0 | ' | ' | ||
Amortized cost - before OTTI | 19,688,000 | ' | 19,688,000 | ' | ' | ||
Fair value of available-for-sale securities pledged as collateral for FHLB borrowings | 20,489,000 | ' | 20,489,000 | ' | ' | ||
Held-to-maturity securities | 0 | ' | 0 | ' | 0 | ||
Trading securities | 0 | ' | 0 | ' | 0 | ||
Summarizes temporarily impaired investment securities [Abstract] | ' | ' | ' | ' | ' | ||
Less than 12 Months, Fair Value (Carrying Amount) | 10,090,000 | ' | 10,090,000 | ' | 3,961,000 | ||
Less than 12 Months, Unrealized Losses | -220,000 | ' | -220,000 | ' | -39,000 | ||
12 Months or More, Fair Value (Carrying Amount) | 0 | ' | 0 | ' | 0 | ||
12 months or More, Unrealized Losses | 0 | ' | 0 | ' | 0 | ||
Total Fair Value (Carrying Amount) | 10,090,000 | ' | 10,090,000 | ' | 3,961,000 | ||
Total Unrealized Losses | -220,000 | ' | -220,000 | ' | -39,000 | ||
Number of general segments for the segregation of portfolio | ' | ' | 2 | ' | ' | ||
Number of securities impaired more than twelve months | ' | ' | 0 | ' | 0 | ||
Number of securities impaired less than twelve months | ' | ' | 3 | ' | ' | ||
Investment securities available for sale (at fair value) | 32,577,000 | [1] | ' | 32,577,000 | [1] | ' | 31,844,000 |
Terms of liquidation scenario | ' | ' | ' | 'all loans 60 or more days past due are liquidated | ' | ||
Impairment loss on investment securities | 0 | 113,000 | 0 | 284,000 | ' | ||
Summarizes amounts related to credit losses recognized in earnings [Roll Forward] | ' | ' | ' | ' | ' | ||
Beginning balance - credit losses | 0 | 2,277,000 | 0 | 2,257,000 | 2,257,000 | ||
Additions [Abstract] | ' | ' | ' | ' | ' | ||
Initial credit impairments | 0 | 0 | 0 | 0 | ' | ||
Subsequent credit impairments | 0 | 113,000 | 0 | 284,000 | ' | ||
Reductions [Abstract] | ' | ' | ' | ' | ' | ||
For securities sold or credit losses realized on principal payments | 0 | -139,000 | 0 | -290,000 | ' | ||
Due to change in intent or requirement to sell | 0 | 0 | 0 | 0 | ' | ||
For increase expected in cash flows | 0 | 0 | 0 | 0 | ' | ||
Ending balance - credit losses | 0 | 2,251,000 | 0 | 2,251,000 | 0 | ||
Minimum [Member] | ' | ' | ' | ' | ' | ||
Summarizes temporarily impaired investment securities [Abstract] | ' | ' | ' | ' | ' | ||
Period losses are realized based on 3 months trailing loss | ' | ' | ' | '6 months | ' | ||
Maximum [Member] | ' | ' | ' | ' | ' | ||
Summarizes temporarily impaired investment securities [Abstract] | ' | ' | ' | ' | ' | ||
Period losses are realized based on 3 months trailing loss | ' | ' | ' | '24 months | ' | ||
US Government Agencies Debt Securities [Member] | ' | ' | ' | ' | ' | ||
Comparison of amortized cost and fair value of securities available for sale [Abstract] | ' | ' | ' | ' | ' | ||
Amortized Cost | 25,803,000 | ' | 25,803,000 | ' | 23,433,000 | ||
Gross Unrealized Gains | 675,000 | ' | 675,000 | ' | 933,000 | ||
Gross Unrealized Losses | -7,000 | ' | -7,000 | ' | 0 | ||
Fair Value (Carrying Amount) | 26,471,000 | ' | 26,471,000 | ' | 24,366,000 | ||
Amortized Cost [Abstract] | ' | ' | ' | ' | ' | ||
Amortized Cost | 25,803,000 | ' | 25,803,000 | ' | 23,433,000 | ||
Summarizes temporarily impaired investment securities [Abstract] | ' | ' | ' | ' | ' | ||
Less than 12 Months, Fair Value (Carrying Amount) | 6,303,000 | ' | 6,303,000 | ' | 0 | ||
Less than 12 Months, Unrealized Losses | -7,000 | ' | -7,000 | ' | 0 | ||
12 Months or More, Fair Value (Carrying Amount) | 0 | ' | 0 | ' | 0 | ||
12 months or More, Unrealized Losses | 0 | ' | 0 | ' | 0 | ||
Total Fair Value (Carrying Amount) | 6,303,000 | ' | 6,303,000 | ' | 0 | ||
Total Unrealized Losses | -7,000 | ' | -7,000 | ' | 0 | ||
U.S. Government Collateralized Mortgage Obligations [Member] | ' | ' | ' | ' | ' | ||
Comparison of amortized cost and fair value of securities available for sale [Abstract] | ' | ' | ' | ' | ' | ||
Amortized Cost | 2,172,000 | ' | 2,172,000 | ' | 3,266,000 | ||
Gross Unrealized Gains | 147,000 | ' | 147,000 | ' | 251,000 | ||
Gross Unrealized Losses | 0 | ' | 0 | ' | 0 | ||
Fair Value (Carrying Amount) | 2,319,000 | ' | 2,319,000 | ' | 3,517,000 | ||
Amortized Cost [Abstract] | ' | ' | ' | ' | ' | ||
Amortized Cost | 2,172,000 | ' | 2,172,000 | ' | 3,266,000 | ||
Summarizes temporarily impaired investment securities [Abstract] | ' | ' | ' | ' | ' | ||
Less than 12 Months, Fair Value (Carrying Amount) | 0 | ' | 0 | ' | 0 | ||
Less than 12 Months, Unrealized Losses | 0 | ' | 0 | ' | 0 | ||
12 Months or More, Fair Value (Carrying Amount) | 0 | ' | 0 | ' | 0 | ||
12 months or More, Unrealized Losses | 0 | ' | 0 | ' | 0 | ||
Total Fair Value (Carrying Amount) | 0 | ' | 0 | ' | 0 | ||
Total Unrealized Losses | 0 | ' | 0 | ' | 0 | ||
Mutual Funds [Member] | ' | ' | ' | ' | ' | ||
Comparison of amortized cost and fair value of securities available for sale [Abstract] | ' | ' | ' | ' | ' | ||
Amortized Cost | 4,000,000 | ' | 4,000,000 | ' | 4,000,000 | ||
Gross Unrealized Gains | 0 | ' | 0 | ' | 0 | ||
Gross Unrealized Losses | -213,000 | ' | -213,000 | ' | -39,000 | ||
Fair Value (Carrying Amount) | 3,787,000 | ' | 3,787,000 | ' | 3,961,000 | ||
Amortized Cost [Abstract] | ' | ' | ' | ' | ' | ||
Amortized Cost | 4,000,000 | ' | 4,000,000 | ' | 4,000,000 | ||
Summarizes temporarily impaired investment securities [Abstract] | ' | ' | ' | ' | ' | ||
Less than 12 Months, Fair Value (Carrying Amount) | 3,787,000 | ' | 3,787,000 | ' | 3,961,000 | ||
Less than 12 Months, Unrealized Losses | -213,000 | ' | -213,000 | ' | -39,000 | ||
12 Months or More, Fair Value (Carrying Amount) | 0 | ' | 0 | ' | 0 | ||
12 months or More, Unrealized Losses | 0 | ' | 0 | ' | 0 | ||
Total Fair Value (Carrying Amount) | 3,787,000 | ' | 3,787,000 | ' | 3,961,000 | ||
Total Unrealized Losses | -213,000 | ' | -213,000 | ' | -39,000 | ||
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ' | ' | ' | ' | ' | ||
Fair Value (Carrying Amount) [Abstract] | ' | ' | ' | ' | ' | ||
Other-than-temporary impairment losses | 0 | 113,000 | 2,645,000 | 284,000 | ' | ||
Summarizes temporarily impaired investment securities [Abstract] | ' | ' | ' | ' | ' | ||
Number of securities impaired more than twelve months | ' | ' | 3 | ' | ' | ||
Impairment loss on investment securities | ' | ' | 394,000 | 284,000 | ' | ||
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ' | ' | ' | ' | ' | ||
Fair Value (Carrying Amount) [Abstract] | ' | ' | ' | ' | ' | ||
Fair Value (Carrying Amount) | ' | 8,814,000 | ' | 8,814,000 | ' | ||
Amortized cost - before OTTI | ' | 11,459,000 | ' | 11,459,000 | ' | ||
Summarizes temporarily impaired investment securities [Abstract] | ' | ' | ' | ' | ' | ||
Investment securities available for sale (at fair value) | ' | $8,814,000 | ' | $8,814,000 | ' | ||
[1] | Recurring |
Investment_Securities_Availabl3
Investment Securities Available for Sale and Other Investments (Details 1) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | |
In Thousands, unless otherwise specified | Private Label Mortgage-Backed Securities [Member] | Private Label Mortgage-Backed Securities [Member] | RALI 2006 QS1G A10 Rated D [Member] | RALI 2006 QS8 AI Rated D [Member] | CWALT 2007 8CB A9 Rated CCC [Member] | |||
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items] | ' | ' | ' | ' | ' | ' | ' | |
Amortized cost - before OTTI | $19,688 | ' | $11,459 | $11,459 | $3,611 | $1,101 | $6,747 | |
Credit loss | ' | ' | ' | -2,251 | -771 | -232 | -1,248 | |
Other impairment (OCI) | ' | ' | -394 | -394 | -124 | -5 | -265 | |
Carrying amount b September 30, 2012 | 32,577 | [1] | 31,844 | 8,814 | 8,814 | 2,716 | 864 | 5,234 |
Total impairment - September 30, 2012 | ' | ' | ' | ($2,645) | ($895) | ($237) | ($1,513) | |
[1] | Recurring |
Loans_and_Leases_Details
Loans and Leases (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | $384,030 | $400,057 |
Commitment to extend credit | 71,626 | 60,050 |
Standby letters of credit | 3,001 | 2,404 |
Total Commercial and Industrial [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | 70,806 | 72,117 |
Percentage of total loans (in hundredths) | 18.40% | ' |
Commercial and Business Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | 68,606 | 69,780 |
Government Program Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | 2,200 | 2,337 |
Total Real Estate Mortgage [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | 194,337 | 189,934 |
Percentage of total loans (in hundredths) | 50.60% | ' |
Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | 142,366 | 133,599 |
Residential Mortgages [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | 50,502 | 55,016 |
Residential Mortgages [Member] | Minimum [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Maturity period | '3 years | ' |
Residential Mortgages [Member] | Maximum [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Maturity period | '15 years | ' |
Home Improvement and Home Equity Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | 1,469 | 1,319 |
RE Construction and Development Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | 83,676 | 90,941 |
Percentage of total loans (in hundredths) | 21.80% | ' |
Agricultural [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | 24,980 | 36,169 |
Percentage of total loans (in hundredths) | 6.50% | ' |
Installment [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | 10,231 | 10,884 |
Percentage of total loans (in hundredths) | 2.70% | ' |
Commercial Lease Financing [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | $0 | $12 |
Loans_and_Leases_Part_II_Detai
Loans and Leases, Part II (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
payment | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans 30-60 Days Past Due | $515 | $4,062 |
Loans 61-89 Days Past Due | 1,679 | 2,762 |
Loans 90 or more Days Past Due | 7,422 | 6,021 |
Total Days Past Due | 9,616 | 12,845 |
Current Loans | 374,414 | 387,212 |
Total Loans | 384,030 | 400,057 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Minimum period of default | '90 days | ' |
Number of monthly payments to demonstrate repayment ability | 6 | ' |
Nonaccrual loans balances [Abstract] | ' | ' |
Total Loans | 11,925 | 13,425 |
Total Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans 30-60 Days Past Due | 352 | 153 |
Loans 61-89 Days Past Due | 0 | 0 |
Loans 90 or more Days Past Due | 0 | 256 |
Total Days Past Due | 352 | 409 |
Current Loans | 70,454 | 71,708 |
Total Loans | 70,806 | 72,117 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Nonaccrual loans balances [Abstract] | ' | ' |
Total Loans | 0 | 1,181 |
Commercial and Business Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans 30-60 Days Past Due | 352 | 65 |
Loans 61-89 Days Past Due | 0 | 0 |
Loans 90 or more Days Past Due | 0 | 256 |
Total Days Past Due | 352 | 321 |
Current Loans | 68,254 | 69,459 |
Total Loans | 68,606 | 69,780 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Nonaccrual loans balances [Abstract] | ' | ' |
Total Loans | 0 | 1,093 |
Government Program Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans 30-60 Days Past Due | 0 | 88 |
Loans 61-89 Days Past Due | 0 | 0 |
Loans 90 or more Days Past Due | ' | 0 |
Total Days Past Due | 0 | 88 |
Current Loans | 2,200 | 2,249 |
Total Loans | 2,200 | 2,337 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Nonaccrual loans balances [Abstract] | ' | ' |
Total Loans | 0 | 88 |
Total Real Estate Mortgage [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans 30-60 Days Past Due | 92 | 3,604 |
Loans 61-89 Days Past Due | 1,364 | 2,592 |
Loans 90 or more Days Past Due | 7,422 | 5,765 |
Total Days Past Due | 8,878 | 11,961 |
Current Loans | 185,459 | 177,973 |
Total Loans | 194,337 | 189,934 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Nonaccrual loans balances [Abstract] | ' | ' |
Total Loans | 11,045 | 10,259 |
Commercial Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans 30-60 Days Past Due | ' | 3,152 |
Loans 61-89 Days Past Due | 506 | 2,130 |
Loans 90 or more Days Past Due | 7,165 | 5,328 |
Total Days Past Due | 7,671 | 10,610 |
Current Loans | 134,695 | 122,989 |
Total Loans | 142,366 | 133,599 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Nonaccrual loans balances [Abstract] | ' | ' |
Total Loans | 9,316 | 8,415 |
Residential Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans 30-60 Days Past Due | ' | 333 |
Loans 61-89 Days Past Due | 858 | 322 |
Loans 90 or more Days Past Due | 257 | 437 |
Total Days Past Due | 1,115 | 1,092 |
Current Loans | 49,387 | 53,924 |
Total Loans | 50,502 | 55,016 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Nonaccrual loans balances [Abstract] | ' | ' |
Total Loans | 1,729 | 1,834 |
Home Improvement and Home Equity Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans 30-60 Days Past Due | 92 | 119 |
Loans 61-89 Days Past Due | ' | 140 |
Loans 90 or more Days Past Due | 0 | 0 |
Total Days Past Due | 92 | 259 |
Current Loans | 1,377 | 1,060 |
Total Loans | 1,469 | 1,319 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Nonaccrual loans balances [Abstract] | ' | ' |
Total Loans | 0 | 10 |
RE Construction and Development Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans 30-60 Days Past Due | 0 | 0 |
Loans 61-89 Days Past Due | 315 | 0 |
Loans 90 or more Days Past Due | 0 | 0 |
Total Days Past Due | 315 | 0 |
Current Loans | 83,361 | 90,941 |
Total Loans | 83,676 | 90,941 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Nonaccrual loans balances [Abstract] | ' | ' |
Total Loans | 880 | 1,730 |
Agricultural Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans 30-60 Days Past Due | 0 | 0 |
Loans 61-89 Days Past Due | 0 | 136 |
Loans 90 or more Days Past Due | 0 | 0 |
Total Days Past Due | 0 | 136 |
Current Loans | 24,980 | 36,033 |
Total Loans | 24,980 | 36,169 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Nonaccrual loans balances [Abstract] | ' | ' |
Total Loans | 0 | 136 |
Total Installment/Other [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans 30-60 Days Past Due | 71 | 305 |
Loans 61-89 Days Past Due | 0 | 34 |
Loans 90 or more Days Past Due | 0 | 0 |
Total Days Past Due | 71 | 339 |
Current Loans | 10,160 | 10,545 |
Total Loans | 10,231 | 10,884 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Nonaccrual loans balances [Abstract] | ' | ' |
Total Loans | 0 | 119 |
Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans 30-60 Days Past Due | 71 | 305 |
Loans 61-89 Days Past Due | 0 | 34 |
Loans 90 or more Days Past Due | 0 | 0 |
Total Days Past Due | 71 | 339 |
Current Loans | 9,846 | 10,300 |
Total Loans | 9,917 | 10,639 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Nonaccrual loans balances [Abstract] | ' | ' |
Total Loans | 0 | 119 |
Overdraft Protection Lines [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans 30-60 Days Past Due | 0 | 0 |
Loans 61-89 Days Past Due | 0 | 0 |
Loans 90 or more Days Past Due | 0 | 0 |
Total Days Past Due | 0 | 0 |
Current Loans | 97 | 90 |
Total Loans | 97 | 90 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Nonaccrual loans balances [Abstract] | ' | ' |
Total Loans | 0 | 0 |
Overdrafts [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans 30-60 Days Past Due | 0 | 0 |
Loans 61-89 Days Past Due | 0 | 0 |
Loans 90 or more Days Past Due | 0 | 0 |
Total Days Past Due | 0 | 0 |
Current Loans | 217 | 155 |
Total Loans | 217 | 155 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Nonaccrual loans balances [Abstract] | ' | ' |
Total Loans | 0 | 0 |
Commercial Lease Financing [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans 30-60 Days Past Due | 0 | 0 |
Loans 61-89 Days Past Due | 0 | 0 |
Loans 90 or more Days Past Due | 0 | 0 |
Total Days Past Due | 0 | 0 |
Current Loans | 0 | 12 |
Total Loans | 0 | 12 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Nonaccrual loans balances [Abstract] | ' | ' |
Total Loans | $0 | $0 |
Loans_and_Leases_Part_III_Deta
Loans and Leases, Part III (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | ||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Contractual Principal Balance | $21,653,000 | ' | $21,653,000 | ' | $22,834,000 | |||
Recorded Investment With No Allowance | 11,198,000 | ' | 11,198,000 | ' | 13,452,000 | |||
Recorded Investment With Allowance | 10,500,000 | [1] | ' | 10,500,000 | [1] | ' | 8,479,000 | [2] |
Total Recorded Investment | 21,698,000 | ' | 21,698,000 | ' | 21,931,000 | |||
Related Allowance | 941,000 | ' | 941,000 | ' | 658,000 | |||
Average recorded investment | 21,698,000 | 21,143,000 | 20,771,000 | 28,317,000 | 27,039,000 | |||
Interest recognized | 336,000 | 113,000 | 553,000 | 366,000 | 468,000 | |||
Accrued interest receivable | ' | ' | 45,000 | ' | 24,000 | |||
Total Commercial and Industrial [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Contractual Principal Balance | 698,000 | ' | 698,000 | ' | 1,597,000 | |||
Recorded Investment With No Allowance | 284,000 | ' | 284,000 | ' | 855,000 | |||
Recorded Investment With Allowance | 418,000 | [1] | ' | 418,000 | [1] | ' | 576,000 | [2] |
Total Recorded Investment | 702,000 | ' | 702,000 | ' | 1,431,000 | |||
Related Allowance | 5,000 | ' | 5,000 | ' | 37,000 | |||
Average recorded investment | ' | ' | 929,000 | ' | 5,615,000 | |||
Interest recognized | ' | ' | 40,000 | ' | 26,000 | |||
Commercial and Business Loans [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Contractual Principal Balance | 698,000 | ' | 698,000 | ' | 1,488,000 | |||
Recorded Investment With No Allowance | 284,000 | ' | 284,000 | ' | 767,000 | |||
Recorded Investment With Allowance | 418,000 | [1] | ' | 418,000 | [1] | ' | 576,000 | [2] |
Total Recorded Investment | 702,000 | ' | 702,000 | ' | 1,343,000 | |||
Related Allowance | 5,000 | ' | 5,000 | ' | 37,000 | |||
Average recorded investment | ' | ' | 882,000 | ' | 5,468,000 | |||
Interest recognized | ' | ' | 40,000 | ' | 26,000 | |||
Government Program Loans [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Contractual Principal Balance | 0 | ' | 0 | ' | 109,000 | |||
Recorded Investment With No Allowance | 0 | ' | 0 | ' | 88,000 | |||
Recorded Investment With Allowance | 0 | [1] | ' | 0 | [1] | ' | 0 | [2] |
Total Recorded Investment | 0 | ' | 0 | ' | 88,000 | |||
Related Allowance | 0 | ' | 0 | ' | 0 | |||
Average recorded investment | ' | ' | 47,000 | ' | 147,000 | |||
Interest recognized | ' | ' | 0 | ' | 0 | |||
Total Real Estate Mortgage [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Contractual Principal Balance | 17,439,000 | ' | 17,439,000 | ' | 18,864,000 | |||
Recorded Investment With No Allowance | 7,692,000 | ' | 7,692,000 | ' | 10,554,000 | |||
Recorded Investment With Allowance | 9,766,000 | [1] | ' | 9,766,000 | [1] | ' | 7,903,000 | [2] |
Total Recorded Investment | 17,458,000 | ' | 17,458,000 | ' | 18,457,000 | |||
Related Allowance | 848,000 | ' | 848,000 | ' | 621,000 | |||
Average recorded investment | ' | ' | 17,241,000 | ' | 12,935,000 | |||
Interest recognized | ' | ' | 437,000 | ' | 386,000 | |||
Commercial Real Estate Term Loans [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Contractual Principal Balance | 11,995,000 | ' | 11,995,000 | ' | 11,393,000 | |||
Recorded Investment With No Allowance | 5,982,000 | ' | 5,982,000 | ' | 6,818,000 | |||
Recorded Investment With Allowance | 6,022,000 | [1] | ' | 6,022,000 | [1] | ' | 4,237,000 | [2] |
Total Recorded Investment | 12,004,000 | ' | 12,004,000 | ' | 11,055,000 | |||
Related Allowance | 739,000 | ' | 739,000 | ' | 436,000 | |||
Average recorded investment | ' | ' | 10,832,000 | ' | 8,498,000 | |||
Interest recognized | ' | ' | 275,000 | ' | 135,000 | |||
Residential Mortgages [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Contractual Principal Balance | 5,444,000 | ' | 5,444,000 | ' | 7,461,000 | |||
Recorded Investment With No Allowance | 1,710,000 | ' | 1,710,000 | ' | 3,726,000 | |||
Recorded Investment With Allowance | 3,744,000 | [1] | ' | 3,744,000 | [1] | ' | 3,666,000 | [2] |
Total Recorded Investment | 5,454,000 | ' | 5,454,000 | ' | 7,392,000 | |||
Related Allowance | 109,000 | ' | 109,000 | ' | 185,000 | |||
Average recorded investment | ' | ' | 6,391,000 | ' | 4,416,000 | |||
Interest recognized | ' | ' | 162,000 | ' | 251,000 | |||
Home Improvement and Home Equity Loans [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Contractual Principal Balance | 0 | ' | 0 | ' | 10,000 | |||
Recorded Investment With No Allowance | 0 | ' | 0 | ' | 10,000 | |||
Recorded Investment With Allowance | ' | [1] | ' | ' | [1] | ' | 0 | [2] |
Total Recorded Investment | 0 | ' | 0 | ' | 10,000 | |||
Related Allowance | 0 | ' | 0 | ' | 0 | |||
Average recorded investment | ' | ' | 18,000 | ' | 21,000 | |||
Interest recognized | ' | ' | 0 | ' | 0 | |||
RE Construction and Development Loans [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Contractual Principal Balance | 3,420,000 | ' | 3,420,000 | ' | 1,730,000 | |||
Recorded Investment With No Allowance | 3,126,000 | ' | 3,126,000 | ' | 1,730,000 | |||
Recorded Investment With Allowance | 316,000 | [1] | ' | 316,000 | [1] | ' | 0 | [2] |
Total Recorded Investment | 3,442,000 | ' | 3,442,000 | ' | 1,730,000 | |||
Related Allowance | 88,000 | ' | 88,000 | ' | 0 | |||
Average recorded investment | ' | ' | 2,425,000 | ' | 7,298,000 | |||
Interest recognized | ' | ' | 66,000 | ' | 0 | |||
Agricultural Loans [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Contractual Principal Balance | 48,000 | ' | 48,000 | ' | 504,000 | |||
Recorded Investment With No Allowance | 48,000 | ' | 48,000 | ' | 192,000 | |||
Recorded Investment With Allowance | 0 | [1] | ' | 0 | [1] | ' | 0 | [2] |
Total Recorded Investment | 48,000 | ' | 48,000 | ' | 192,000 | |||
Related Allowance | 0 | ' | 0 | ' | 0 | |||
Average recorded investment | ' | ' | 96,000 | ' | 991,000 | |||
Interest recognized | ' | ' | 7,000 | ' | 50,000 | |||
Total Installment/Other [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Contractual Principal Balance | 48,000 | ' | 48,000 | ' | 139,000 | |||
Recorded Investment With No Allowance | 48,000 | ' | 48,000 | ' | 121,000 | |||
Recorded Investment With Allowance | 0 | [1] | ' | 0 | [1] | ' | 0 | [2] |
Total Recorded Investment | 48,000 | ' | 48,000 | ' | 121,000 | |||
Related Allowance | 0 | ' | 0 | ' | 0 | |||
Average recorded investment | ' | ' | 80,000 | ' | 200,000 | |||
Interest recognized | ' | ' | 3,000 | ' | 6,000 | |||
Consumer Loans [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Contractual Principal Balance | 48,000 | ' | 48,000 | ' | 139,000 | |||
Recorded Investment With No Allowance | 48,000 | ' | 48,000 | ' | 121,000 | |||
Recorded Investment With Allowance | 0 | [1] | ' | 0 | [1] | ' | 0 | [2] |
Total Recorded Investment | 48,000 | ' | 48,000 | ' | 121,000 | |||
Related Allowance | 0 | ' | 0 | ' | 0 | |||
Average recorded investment | ' | ' | 80,000 | ' | 200,000 | |||
Interest recognized | ' | ' | 3,000 | ' | 6,000 | |||
Overdraft Protection Lines [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Contractual Principal Balance | 0 | ' | 0 | ' | 0 | |||
Recorded Investment With No Allowance | 0 | ' | 0 | ' | 0 | |||
Recorded Investment With Allowance | 0 | [1] | ' | 0 | [1] | ' | 0 | [2] |
Total Recorded Investment | 0 | ' | 0 | ' | 0 | |||
Related Allowance | 0 | ' | 0 | ' | 0 | |||
Average recorded investment | ' | ' | 0 | ' | 0 | |||
Interest recognized | ' | ' | 0 | ' | 0 | |||
Overdrafts [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Contractual Principal Balance | 0 | ' | 0 | ' | 0 | |||
Recorded Investment With No Allowance | 0 | ' | 0 | ' | 0 | |||
Recorded Investment With Allowance | 0 | [1] | ' | 0 | [1] | ' | 0 | [2] |
Total Recorded Investment | 0 | ' | 0 | ' | 0 | |||
Related Allowance | 0 | ' | 0 | ' | 0 | |||
Average recorded investment | ' | ' | 0 | ' | 0 | |||
Interest recognized | ' | ' | 0 | ' | 0 | |||
Commercial Lease Financing [Member] | ' | ' | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' | |||
Unpaid Contractual Principal Balance | 0 | ' | 0 | ' | 0 | |||
Recorded Investment With No Allowance | 0 | ' | 0 | ' | 0 | |||
Recorded Investment With Allowance | 0 | [1] | ' | 0 | [1] | ' | 0 | [2] |
Total Recorded Investment | 0 | ' | 0 | ' | 0 | |||
Related Allowance | 0 | ' | 0 | ' | 0 | |||
Average recorded investment | ' | ' | 0 | ' | 0 | |||
Interest recognized | ' | ' | $0 | ' | $0 | |||
[1] | The recorded investment in loans includes accrued interest receivable of $45,000. | |||||||
[2] | The recorded investment in loans includes accrued interest receivable of 24,000, |
Loans_and_Leases_Part_IV_Detai
Loans and Leases, Part IV (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
contract | contract | contract | contract | loan | |
loan | loan | ||||
Troubled Debt Restructurings [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts | 22 | 2 | 40 | 8 | ' |
Pre-Modification Outstanding Recorded Investment | $2,103 | $156 | $2,561 | $1,477 | ' |
Post-Modification Outstanding Recorded Investment | 2,103 | 151 | 2,540 | 1,465 | ' |
Troubled debt restructuring that defaulted [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts in Default | 0 | 0 | 1 | 0 | ' |
Recorded Investment on Defaulted TDRs | 0 | 0 | 106 | 0 | ' |
Number of restructured loans | 56 | ' | 56 | ' | 58 |
Total restructured loans | 13,340 | ' | 13,340 | ' | 16,773 |
TDR activity by loan category [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 14,316 | 16,762 | 16,773 | 19,050 | ' |
Defaults | 0 | 0 | -106 | 0 | ' |
Additions | 2,103 | 151 | 3,945 | 1,465 | ' |
Principal reductions | -3,079 | -731 | -7,272 | -4,333 | ' |
Ending balance | 13,340 | 16,182 | 13,340 | 16,182 | ' |
Allowance for loan loss | 941 | 611 | 941 | 611 | ' |
Commercial and Business Loans [Member] | ' | ' | ' | ' | ' |
Troubled Debt Restructurings [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts | 0 | 2 | 0 | 2 | ' |
Pre-Modification Outstanding Recorded Investment | 0 | 156 | 0 | 156 | ' |
Post-Modification Outstanding Recorded Investment | 0 | 151 | 0 | 151 | ' |
Troubled debt restructuring that defaulted [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts in Default | 0 | 0 | 0 | 0 | ' |
Recorded Investment on Defaulted TDRs | 0 | 0 | 0 | 0 | ' |
Commercial and Industrial [Member] | ' | ' | ' | ' | ' |
TDR activity by loan category [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 812 | 2,359 | 990 | 2,619 | ' |
Defaults | 0 | 0 | 0 | 0 | ' |
Additions | 0 | 151 | 0 | 151 | ' |
Principal reductions | -114 | -48 | -292 | -308 | ' |
Ending balance | 698 | 2,462 | 698 | 2,462 | ' |
Allowance for loan loss | 5 | 152 | 5 | 152 | ' |
Government Program Loans [Member] | ' | ' | ' | ' | ' |
Troubled Debt Restructurings [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts | 0 | 0 | 0 | 0 | ' |
Pre-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 0 | ' |
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 0 | ' |
Troubled debt restructuring that defaulted [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts in Default | 0 | 0 | 0 | 0 | ' |
Recorded Investment on Defaulted TDRs | 0 | 0 | 0 | 0 | ' |
Commercial Real Estate Term Loans [Member] | ' | ' | ' | ' | ' |
Troubled Debt Restructurings [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts | 0 | 0 | 0 | 5 | ' |
Pre-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 992 | ' |
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 914 | ' |
Troubled debt restructuring that defaulted [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts in Default | 0 | 0 | 1 | 0 | ' |
Recorded Investment on Defaulted TDRs | 0 | 0 | 106 | 0 | ' |
TDR activity by loan category [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 4,215 | 6,355 | 5,395 | 6,850 | ' |
Defaults | 0 | 0 | -106 | 0 | ' |
Additions | 0 | 0 | 0 | 914 | ' |
Principal reductions | -39 | -47 | -1,113 | -1,456 | ' |
Ending balance | 4,176 | 6,308 | 4,176 | 6,308 | ' |
Allowance for loan loss | 739 | 325 | 739 | 325 | ' |
Residential Mortgages [Member] | ' | ' | ' | ' | ' |
TDR activity by loan category [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 6,783 | 3,774 | 7,289 | 3,457 | ' |
Defaults | 0 | 0 | 0 | 0 | ' |
Additions | 0 | 0 | 0 | 324 | ' |
Principal reductions | -1,470 | -128 | -1,976 | -135 | ' |
Ending balance | 5,313 | 3,646 | 5,313 | 3,646 | ' |
Allowance for loan loss | 109 | 128 | 109 | 128 | ' |
Single Family Residential Loans [Member] | ' | ' | ' | ' | ' |
Troubled Debt Restructurings [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts | 0 | 0 | 0 | 1 | ' |
Pre-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 329 | ' |
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 324 | ' |
Troubled debt restructuring that defaulted [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts in Default | 0 | 0 | 0 | 0 | ' |
Recorded Investment on Defaulted TDRs | 0 | 0 | 0 | 0 | ' |
Home Improvement and Home Equity Loans [Member] | ' | ' | ' | ' | ' |
Troubled Debt Restructurings [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts | 0 | 0 | 0 | 0 | ' |
Pre-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 0 | ' |
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 0 | ' |
Troubled debt restructuring that defaulted [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts in Default | 0 | 0 | 0 | 0 | ' |
Recorded Investment on Defaulted TDRs | 0 | 0 | 0 | 0 | ' |
TDR activity by loan category [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 44 | 12 | 10 | 36 | ' |
Defaults | 0 | 0 | 0 | 0 | ' |
Additions | 0 | 0 | 44 | 0 | ' |
Principal reductions | -44 | -1 | -54 | -25 | ' |
Ending balance | 0 | 11 | 0 | 11 | ' |
Allowance for loan loss | 0 | 0 | 0 | 0 | ' |
Installment and Other [Member] | ' | ' | ' | ' | ' |
TDR activity by loan category [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 0 | 58 | 38 | 54 | ' |
Defaults | 0 | 0 | 0 | 0 | ' |
Additions | 0 | 0 | 0 | 20 | ' |
Principal reductions | 0 | -18 | -38 | -34 | ' |
Ending balance | 0 | 40 | 0 | 40 | ' |
Allowance for loan loss | 0 | 0 | 0 | 0 | ' |
RE Construction and Development Loans [Member] | ' | ' | ' | ' | ' |
Troubled Debt Restructurings [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts | 22 | 0 | 40 | 0 | ' |
Pre-Modification Outstanding Recorded Investment | 2,103 | 0 | 2,561 | 0 | ' |
Post-Modification Outstanding Recorded Investment | 2,103 | 0 | 2,540 | 0 | ' |
Troubled debt restructuring that defaulted [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts in Default | 0 | 0 | 0 | 0 | ' |
Recorded Investment on Defaulted TDRs | 0 | 0 | 0 | 0 | ' |
TDR activity by loan category [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 2,411 | 4,147 | 2,860 | 6,034 | ' |
Defaults | 0 | 0 | 0 | 0 | ' |
Additions | 2,103 | 0 | 3,901 | 0 | ' |
Principal reductions | -1,409 | -488 | -3,656 | -2,375 | ' |
Ending balance | 3,105 | 3,659 | 3,105 | 3,659 | ' |
Allowance for loan loss | 88 | 6 | 88 | 6 | ' |
Agricultural [Member] | ' | ' | ' | ' | ' |
Troubled Debt Restructurings [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts | 0 | 0 | 0 | 0 | ' |
Pre-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 0 | ' |
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 56 | ' |
Troubled debt restructuring that defaulted [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts in Default | 0 | 0 | 0 | 0 | ' |
Recorded Investment on Defaulted TDRs | 0 | 0 | 0 | 0 | ' |
TDR activity by loan category [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 51 | 57 | 191 | 0 | ' |
Defaults | 0 | 0 | 0 | 0 | ' |
Additions | 0 | 0 | 0 | 56 | ' |
Principal reductions | -3 | -1 | -143 | 0 | ' |
Ending balance | 48 | 56 | 48 | 56 | ' |
Allowance for loan loss | 0 | 0 | 0 | 0 | ' |
Consumer Loans [Member] | ' | ' | ' | ' | ' |
Troubled Debt Restructurings [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts | 0 | 0 | 0 | 0 | ' |
Pre-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 0 | ' |
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 20 | ' |
Troubled debt restructuring that defaulted [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts in Default | 0 | 0 | 0 | 0 | ' |
Recorded Investment on Defaulted TDRs | 0 | 0 | 0 | 0 | ' |
Overdraft Protection Lines [Member] | ' | ' | ' | ' | ' |
Troubled Debt Restructurings [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts | 0 | 0 | 0 | 0 | ' |
Pre-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 0 | ' |
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 0 | ' |
Troubled debt restructuring that defaulted [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts in Default | 0 | 0 | 0 | 0 | ' |
Recorded Investment on Defaulted TDRs | 0 | 0 | 0 | 0 | ' |
Commercial Lease Financing [Member] | ' | ' | ' | ' | ' |
Troubled Debt Restructurings [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts | 0 | 0 | 0 | 0 | ' |
Pre-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 0 | ' |
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 0 | ' |
Troubled debt restructuring that defaulted [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts in Default | 0 | 0 | 0 | 0 | ' |
Recorded Investment on Defaulted TDRs | 0 | 0 | 0 | 0 | ' |
TDR activity by loan category [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 0 | 0 | 0 | 0 | ' |
Defaults | 0 | 0 | 0 | 0 | ' |
Additions | 0 | 0 | 0 | 0 | ' |
Principal reductions | 0 | 0 | 0 | 0 | ' |
Ending balance | 0 | 0 | 0 | 0 | ' |
Allowance for loan loss | $0 | $0 | $0 | $0 | ' |
Loans_and_Leases_Part_V_Detail
Loans and Leases, Part V (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
rating | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of risk rating approaches | 2 | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | $62,202 | $67,219 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 62,202 | 67,219 |
Commercial Risk, Construction, and Other Non-Consumer Loans [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 321,828 | 332,826 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 321,828 | 332,826 |
Commercial And Industrial [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 70,806 | 72,117 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 70,806 | 72,117 |
Commercial RE [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 142,366 | 133,599 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 142,366 | 133,599 |
RE Construction and Development Loans [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 83,676 | 90,941 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 83,676 | 90,941 |
Agricultural [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 24,980 | 36,169 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 24,980 | 36,169 |
Residential Mortgages [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 50,502 | 55,016 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 50,502 | 55,016 |
Home Improvement and Home Equity [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 1,469 | 1,319 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 1,469 | 1,319 |
Installment [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 10,231 | 10,884 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 10,231 | 10,884 |
Grades 1 and 2 [Member] | Commercial Risk, Construction, and Other Non-Consumer Loans [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 860 | 885 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 860 | 885 |
Grades 1 and 2 [Member] | Commercial And Industrial [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 790 | 825 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 790 | 825 |
Grades 1 and 2 [Member] | Commercial RE [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 0 | 0 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 0 | 0 |
Grades 1 and 2 [Member] | RE Construction and Development Loans [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 0 | 0 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 0 | 0 |
Grades 1 and 2 [Member] | Agricultural [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 70 | 60 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 70 | 60 |
Grade 3 [Member] | Commercial Risk, Construction, and Other Non-Consumer Loans [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 8,198 | 8,874 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 8,198 | 8,874 |
Grade 3 [Member] | Commercial And Industrial [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 2,018 | 2,071 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 2,018 | 2,071 |
Grade 3 [Member] | Commercial RE [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 5,354 | 5,947 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 5,354 | 5,947 |
Grade 3 [Member] | RE Construction and Development Loans [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 826 | 856 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 826 | 856 |
Grade 3 [Member] | Agricultural [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 0 | 0 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 0 | 0 |
Grade 4 and 5 Pass [Member] | Minimum [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Notes receivable, period of loss recognition | '3 years | ' |
Grade 4 and 5 Pass [Member] | Maximum [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Notes receivable, period of loss recognition | '4 years | ' |
Grade 4 and 5 Pass [Member] | Commercial Risk, Construction, and Other Non-Consumer Loans [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 284,728 | 293,868 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 284,728 | 293,868 |
Grade 4 and 5 Pass [Member] | Commercial And Industrial [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 67,153 | 66,098 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 67,153 | 66,098 |
Grade 4 and 5 Pass [Member] | Commercial RE [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 127,235 | 116,606 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 127,235 | 116,606 |
Grade 4 and 5 Pass [Member] | RE Construction and Development Loans [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 65,430 | 75,191 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 65,430 | 75,191 |
Grade 4 and 5 Pass [Member] | Agricultural [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 24,910 | 35,973 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 24,910 | 35,973 |
Grade 6 Special Mention [Member] | Commercial Risk, Construction, and Other Non-Consumer Loans [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 698 | 2,008 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 698 | 2,008 |
Grade 6 Special Mention [Member] | Commercial And Industrial [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 698 | 1,867 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 698 | 1,867 |
Grade 6 Special Mention [Member] | Commercial RE [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 0 | 0 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 0 | 0 |
Grade 6 Special Mention [Member] | RE Construction and Development Loans [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 0 | 141 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 0 | 141 |
Grade 6 Special Mention [Member] | Agricultural [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 0 | 0 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 0 | 0 |
Grade 7 Substandard [Member] | Commercial Risk, Construction, and Other Non-Consumer Loans [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 27,344 | 27,191 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 27,344 | 27,191 |
Grade 7 Substandard [Member] | Commercial And Industrial [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 147 | 1,256 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 147 | 1,256 |
Grade 7 Substandard [Member] | Commercial RE [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 9,777 | 11,046 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 9,777 | 11,046 |
Grade 7 Substandard [Member] | RE Construction and Development Loans [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 17,420 | 14,753 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 17,420 | 14,753 |
Grade 7 Substandard [Member] | Agricultural [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 0 | 136 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 0 | 136 |
Grade 8 Doubtful [Member] | Commercial Risk, Construction, and Other Non-Consumer Loans [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 0 | 0 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 0 | 0 |
Grade 8 Doubtful [Member] | Commercial And Industrial [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 0 | 0 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 0 | 0 |
Grade 8 Doubtful [Member] | Commercial RE [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 0 | 0 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 0 | 0 |
Grade 8 Doubtful [Member] | RE Construction and Development Loans [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 0 | 0 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 0 | 0 |
Grade 8 Doubtful [Member] | Agricultural [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 0 | 0 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 0 | 0 |
Not Graded [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 39,143 | 41,257 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 39,143 | 41,257 |
Not Graded [Member] | Residential Mortgages [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 28,985 | 30,727 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 28,985 | 30,727 |
Not Graded [Member] | Home Improvement and Home Equity [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 1,437 | 1,309 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 1,437 | 1,309 |
Not Graded [Member] | Installment [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 8,721 | 9,221 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 8,721 | 9,221 |
Pass [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 20,655 | 21,994 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 20,655 | 21,994 |
Pass [Member] | Residential Mortgages [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 19,145 | 20,572 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 19,145 | 20,572 |
Pass [Member] | Home Improvement and Home Equity [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 0 | 0 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 0 | 0 |
Pass [Member] | Installment [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 1,510 | 1,422 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 1,510 | 1,422 |
Special Mention [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 32 | 958 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 32 | 958 |
Special Mention [Member] | Residential Mortgages [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 0 | 909 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 0 | 909 |
Special Mention [Member] | Home Improvement and Home Equity [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 32 | 0 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 32 | 0 |
Special Mention [Member] | Installment [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 0 | 49 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 0 | 49 |
Substandard [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 2,372 | 3,010 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 2,372 | 3,010 |
Substandard [Member] | Residential Mortgages [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 2,372 | 2,808 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 2,372 | 2,808 |
Substandard [Member] | Home Improvement and Home Equity [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 0 | 10 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | 0 | 10 |
Substandard [Member] | Installment [Member] | ' | ' |
Credit risk ratings for commercial, construction, and other non-consumer related loans [Abstract] | ' | ' |
Total | 0 | 192 |
Credit risk ratings for consumer related loans and other homogenous loans [Abstract] | ' | ' |
Total | $0 | $192 |
Loans_and_Leases_Part_VI_Detai
Loans and Leases, Part VI (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
segment | |||||
loan | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Number of loan portfolio segment | ' | ' | 11 | ' | ' |
Number of loans entity experienced losses over past twelve quarters | ' | ' | 7 | ' | ' |
Summarizes activity in allowance for credit losses by loan category [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | $11,157 | $11,609 | $11,784 | $13,648 | ' |
Provisions for credit losses | -1,150 | 4 | -1,120 | 1,010 | ' |
Charge-offs | -474 | -543 | -1,201 | -3,675 | ' |
Recoveries | 1,019 | 90 | 1,089 | 177 | ' |
Net charge-offs | 545 | -453 | -112 | -3,498 | ' |
Ending balance | 10,552 | 11,160 | 10,552 | 11,160 | ' |
Period-end amount allocated to [Abstract] | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 941 | 913 | 941 | 913 | ' |
Loans collectively evaluated for impairment | 9,611 | 10,247 | 9,611 | 10,247 | ' |
Ending amount | 10,552 | 11,160 | 10,552 | 11,160 | ' |
Loans Individually Evaluated for Impairment | 21,698 | ' | 21,698 | ' | 21,931 |
Loans Collectively Evaluated for Impairment | 362,332 | ' | 362,332 | ' | 378,126 |
Total Loans | 384,030 | ' | 384,030 | ' | 400,057 |
Total Commercial and Industrial [Member] | ' | ' | ' | ' | ' |
Summarizes activity in allowance for credit losses by loan category [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 2,665 | 3,564 | 1,614 | 6,787 | ' |
Provisions for credit losses | -390 | -922 | 972 | -3,443 | ' |
Charge-offs | -193 | -124 | -542 | -887 | ' |
Recoveries | 125 | 64 | 163 | 125 | ' |
Net charge-offs | -68 | -60 | -379 | -762 | ' |
Ending balance | 2,207 | 2,582 | 2,207 | 2,582 | ' |
Period-end amount allocated to [Abstract] | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 739 | 152 | 739 | 152 | ' |
Loans collectively evaluated for impairment | 1,468 | 2,430 | 1,468 | 2,430 | ' |
Ending amount | 2,207 | 2,582 | 2,207 | 2,582 | ' |
Loans Individually Evaluated for Impairment | 702 | ' | 702 | ' | 1,431 |
Loans Collectively Evaluated for Impairment | 70,104 | ' | 70,104 | ' | 70,686 |
Total Loans | 70,806 | ' | 70,806 | ' | 72,117 |
Commercial and Business Loans [Member] | ' | ' | ' | ' | ' |
Period-end amount allocated to [Abstract] | ' | ' | ' | ' | ' |
Loans Individually Evaluated for Impairment | 702 | ' | 702 | ' | 1,343 |
Loans Collectively Evaluated for Impairment | 67,904 | ' | 67,904 | ' | 68,437 |
Total Loans | 68,606 | ' | 68,606 | ' | 69,780 |
Government Program Loans [Member] | ' | ' | ' | ' | ' |
Period-end amount allocated to [Abstract] | ' | ' | ' | ' | ' |
Loans Individually Evaluated for Impairment | 0 | ' | 0 | ' | 88 |
Loans Collectively Evaluated for Impairment | 2,200 | ' | 2,200 | ' | 2,249 |
Total Loans | 2,200 | ' | 2,200 | ' | 2,337 |
Total Real Estate Mortgage [Member] | ' | ' | ' | ' | ' |
Period-end amount allocated to [Abstract] | ' | ' | ' | ' | ' |
Loans Individually Evaluated for Impairment | 17,458 | ' | 17,458 | ' | 18,457 |
Loans Collectively Evaluated for Impairment | 176,879 | ' | 176,879 | ' | 171,477 |
Total Loans | 194,337 | ' | 194,337 | ' | 189,934 |
Commercial Real Estate Loans [Member] | ' | ' | ' | ' | ' |
Period-end amount allocated to [Abstract] | ' | ' | ' | ' | ' |
Loans Individually Evaluated for Impairment | 12,004 | ' | 12,004 | ' | 11,055 |
Loans Collectively Evaluated for Impairment | 130,362 | ' | 130,362 | ' | 122,544 |
Total Loans | 142,366 | ' | 142,366 | ' | 133,599 |
Residential Mortgages [Member] | ' | ' | ' | ' | ' |
Period-end amount allocated to [Abstract] | ' | ' | ' | ' | ' |
Loans Individually Evaluated for Impairment | 5,454 | ' | 5,454 | ' | 7,392 |
Loans Collectively Evaluated for Impairment | 45,048 | ' | 45,048 | ' | 47,624 |
Total Loans | 50,502 | ' | 50,502 | ' | 55,016 |
Home Improvement and Home Equity Loans [Member] | ' | ' | ' | ' | ' |
Period-end amount allocated to [Abstract] | ' | ' | ' | ' | ' |
Loans Individually Evaluated for Impairment | 0 | ' | 0 | ' | 10 |
Loans Collectively Evaluated for Impairment | 1,469 | ' | 1,469 | ' | 1,309 |
Total Loans | 1,469 | ' | 1,469 | ' | 1,319 |
Real Estate - Mortgage [Member] | ' | ' | ' | ' | ' |
Summarizes activity in allowance for credit losses by loan category [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 1,679 | 1,054 | 1,292 | 1,416 | ' |
Provisions for credit losses | 383 | 27 | 983 | -286 | ' |
Charge-offs | -49 | -112 | -265 | -165 | ' |
Recoveries | 3 | 4 | 6 | 8 | ' |
Net charge-offs | -46 | -108 | -259 | -157 | ' |
Ending balance | 2,016 | 973 | 2,016 | 973 | ' |
Period-end amount allocated to [Abstract] | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 109 | 709 | 109 | 709 | ' |
Loans collectively evaluated for impairment | 1,907 | 264 | 1,907 | 264 | ' |
Ending amount | 2,016 | 973 | 2,016 | 973 | ' |
RE Construction and Development Loans [Member] | ' | ' | ' | ' | ' |
Summarizes activity in allowance for credit losses by loan category [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 2,972 | 5,800 | 2,814 | 4,579 | ' |
Provisions for credit losses | 1,696 | -2,196 | 1,854 | -965 | ' |
Charge-offs | 0 | 0 | 0 | -10 | ' |
Recoveries | 738 | 0 | 738 | 0 | ' |
Net charge-offs | 738 | 0 | 738 | -10 | ' |
Ending balance | 5,406 | 3,604 | 5,406 | 3,604 | ' |
Period-end amount allocated to [Abstract] | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 0 | 6 | 0 | 6 | ' |
Loans collectively evaluated for impairment | 5,406 | 3,598 | 5,406 | 3,598 | ' |
Ending amount | 5,406 | 3,604 | 5,406 | 3,604 | ' |
Loans Individually Evaluated for Impairment | 3,442 | ' | 3,442 | ' | 1,730 |
Loans Collectively Evaluated for Impairment | 80,234 | ' | 80,234 | ' | 89,211 |
Total Loans | 83,676 | ' | 83,676 | ' | 90,941 |
Total Agricultural Loans [Member] | ' | ' | ' | ' | ' |
Summarizes activity in allowance for credit losses by loan category [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 243 | 277 | 352 | 508 | ' |
Provisions for credit losses | 181 | 143 | 208 | 2,081 | ' |
Charge-offs | ' | -148 | -136 | -2,317 | ' |
Recoveries | 129 | 0 | 129 | 0 | ' |
Net charge-offs | 129 | -148 | -7 | -2,317 | ' |
Ending balance | 553 | 272 | 553 | 272 | ' |
Period-end amount allocated to [Abstract] | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 88 | 0 | 88 | 0 | ' |
Loans collectively evaluated for impairment | 465 | 272 | 465 | 272 | ' |
Ending amount | 553 | 272 | 553 | 272 | ' |
Loans Individually Evaluated for Impairment | 48 | ' | 48 | ' | 192 |
Loans Collectively Evaluated for Impairment | 24,932 | ' | 24,932 | ' | 35,977 |
Total Loans | 24,980 | ' | 24,980 | ' | 36,169 |
Installment and Other [Member] | ' | ' | ' | ' | ' |
Summarizes activity in allowance for credit losses by loan category [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 315 | 346 | 288 | 116 | ' |
Provisions for credit losses | 235 | 175 | 259 | 520 | ' |
Charge-offs | -232 | -159 | -258 | -296 | ' |
Recoveries | 24 | 22 | 53 | 44 | ' |
Net charge-offs | -208 | -137 | -205 | -252 | ' |
Ending balance | 342 | 384 | 342 | 384 | ' |
Period-end amount allocated to [Abstract] | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 0 | 46 | 0 | 46 | ' |
Loans collectively evaluated for impairment | 342 | 338 | 342 | 338 | ' |
Ending amount | 342 | 384 | 342 | 384 | ' |
Total Installment Loans [Member] | ' | ' | ' | ' | ' |
Period-end amount allocated to [Abstract] | ' | ' | ' | ' | ' |
Loans Individually Evaluated for Impairment | 48 | ' | 48 | ' | 121 |
Loans Collectively Evaluated for Impairment | 10,183 | ' | 10,183 | ' | 10,763 |
Total Loans | 10,231 | ' | 10,231 | ' | 10,884 |
Commercial Lease Financing [Member] | ' | ' | ' | ' | ' |
Summarizes activity in allowance for credit losses by loan category [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 0 | 3 | 1 | 1 | ' |
Provisions for credit losses | 0 | -1 | -1 | 1 | ' |
Charge-offs | 0 | 0 | 0 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Net charge-offs | 0 | 0 | 0 | 0 | ' |
Ending balance | 0 | 2 | 0 | 2 | ' |
Period-end amount allocated to [Abstract] | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 0 | 0 | 0 | 0 | ' |
Loans collectively evaluated for impairment | 0 | 2 | 0 | 2 | ' |
Ending amount | 0 | 2 | 0 | 2 | ' |
Loans Individually Evaluated for Impairment | 0 | ' | 0 | ' | 0 |
Loans Collectively Evaluated for Impairment | 0 | ' | 0 | ' | 12 |
Total Loans | 0 | ' | 0 | ' | 12 |
Unallocated [Member] | ' | ' | ' | ' | ' |
Summarizes activity in allowance for credit losses by loan category [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 3,283 | 565 | 5,423 | 241 | ' |
Provisions for credit losses | -3,255 | 2,778 | -5,395 | 3,102 | ' |
Charge-offs | 0 | 0 | 0 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Net charge-offs | 0 | 0 | 0 | 0 | ' |
Ending balance | 28 | 3,343 | 28 | 3,343 | ' |
Period-end amount allocated to [Abstract] | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 5 | 0 | 5 | 0 | ' |
Loans collectively evaluated for impairment | 23 | 3,343 | 23 | 3,343 | ' |
Ending amount | $28 | $3,343 | $28 | $3,343 | ' |
Deposits_Details
Deposits (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deposits [Abstract] | ' | ' |
Noninterest-bearing deposits | $236,112 | $217,014 |
Interest-bearing deposits [Abstract] | ' | ' |
NOW and money market accounts | 201,860 | 203,771 |
Savings accounts | 42,302 | 43,117 |
Time deposits [Abstract] | ' | ' |
Under $100,000 | 30,144 | 32,532 |
$100,000 and over | 61,058 | 66,853 |
Total interest-bearing deposits | 335,364 | 346,273 |
Total deposits | 571,476 | 563,287 |
Total brokered deposits included in time deposits above | $14,940 | $17,984 |
Shortterm_BorrowingsOther_Borr1
Short-term Borrowings/Other Borrowings (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Short-term Debt [Line Items] | ' | ' |
Short-term debt outstanding | $0 | $0 |
Federal Reserve Bank of San Francisco [Member] | ' | ' |
Short-term Debt [Line Items] | ' | ' |
Short-term Debt | 265,792,000 | 217,841,000 |
Qualifying loans pledged as collateral for borrowing lines | 344,261,000 | 324,462,000 |
Unused borrowing lines | ' | 217,841,000 |
Federal Home Loan Bank (FHLB) [Member] | ' | ' |
Short-term Debt [Line Items] | ' | ' |
Short-term Debt | 7,498,000 | 10,493,000 |
Investment securities pledged as collateral | $7,898,000 | $11,054,000 |
Supplemental_Cash_Flow_Disclos2
Supplemental Cash Flow Disclosures (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Cash paid during the period for [Abstract] | ' | ' |
Interest | $1,056 | $1,580 |
Income Taxes | 0 | 0 |
Noncash investing activities [Abstract] | ' | ' |
Loans transferred to foreclosed assets | 437 | 0 |
OREO financed | $2,328 | $0 |
Common_Stock_Dividend_Details
Common Stock Dividend (Details) (USD $) | 0 Months Ended | 3 Months Ended | 9 Months Ended | 0 Months Ended | |||||
In Thousands, except Share data, unless otherwise specified | Sep. 24, 2013 | Jun. 25, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Oct. 23, 2013 |
Subsequent Event [Member] | |||||||||
Subsequent Event [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional number of shares issued to shareholders (in shares) | ' | ' | ' | 143,613 | 142,157 | ' | ' | ' | 145,061 |
Common stock dividend issued | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Amount transferred from retained earnings to common stocks based on closing price on declaration date | $618 | ' | ' | $603 | $619 | ' | ' | ' | ' |
Closing price of common stock on declaration date (in dollars per share) | $4.26 | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of stock dividend declared on common stocks outstanding (in hundredths) | ' | 1.00% | 1.00% | ' | ' | 1.00% | 1.00% | 1.00% | ' |
Common stock dividend declared | ' | ' | ' | ' | 1.00% | ' | ' | ' | ' |
Net_Income_per_Common_Share_De
Net Income per Common Share (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Net income available to common shareholders | $1,852 | $1,366 | $4,323 | $4,591 |
Weighted average shares issued (in shares) | 14,653,336 | 14,507,796 | 14,650,992 | 14,507,796 |
Add: dilutive effect of stock options (in shares) | 234 | 0 | 923 | 0 |
Weighted average shares outstanding adjusted for potential dilution (in shares) | 14,653,570 | 14,507,796 | 14,651,915 | 14,507,796 |
Basic earnings per share (in dollars per share) | $0.13 | $0.09 | $0.30 | $0.32 |
Diluted earnings per share (in dollars per share) | $0.13 | $0.09 | $0.30 | $0.32 |
Anti-dilutive shares excluded from earnings per share calculation (in shares) | 187,000 | 159,000 | 191,000 | 159,000 |
Taxes_on_Income_Details
Taxes on Income (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Income Tax Disclosure [Abstract] | ' | ' |
Likelihood of unfavorable settlement | 'more than 50 percent | ' |
Valuation allowance | $2,686 | $2,686 |
Number of calendar years pretax losses taken for determining valuation allowance | '3 years | ' |
Internal Revenue Service (IRS) [Member] | ' | ' |
Income Tax Examination [Line Items] | ' | ' |
Income tax examination, year under examination | '2010 | ' |
Income tax examination, description | 'During 2010, the Company amended its federal tax returns for the year 2004 through 2009 to utilize the five-year NOL carry-back provisions allowed by the IRS for 2009. | ' |
Junior_Subordinated_DebtTrust_1
Junior Subordinated Debt/Trust Preferred Securities (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Pretax loss adjustment related to fair value calculations | $141,000 | ($171,000) | ($519,000) | ($284,000) |
Adjustment related to fair value calculations net of tax | 83,000 | -101,000 | -305,000 | -133,000 |
Junior Subordinated Debt [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Amount of junior subordinated debentures relating to trust preferred securities | $15,000,000 | ' | $15,000,000 | ' |
Maximum number of consecutive quarters the entity defer interest payments without default or penalty | ' | ' | 20 | ' |
Rate paid on junior subordinated debt issued under USB Capital Trust II and adjusted quarterly | ' | ' | '3-month LIBOR plus 129 basis points | ' |
Basis spread on LIBOR | ' | ' | 1.29% | ' |
Life of debt instrument | ' | ' | '30 years | ' |
Discount rate used in the valuation of debt instrument (in hundredths) | ' | ' | 8.08% | ' |
Fair_Value_Measurements_and_Di2
Fair Value Measurements and Disclosure (Details 1) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Deposits [Abstract] | ' | ' | ||
Junior subordinated debt | $10,804 | [1] | $10,068 | [1] |
Carrying Amount [Member] | ' | ' | ||
Financial Assets [Abstract] | ' | ' | ||
Cash and cash equivalents | 181,842 | 141,627 | ||
Interest-bearing deposits | 1,513 | 1,507 | ||
Investment securities | 32,577 | 31,844 | ||
Loans | 373,440 | 388,249 | ||
Accrued interest receivable | 1,397 | 1,694 | ||
Deposits [Abstract] | ' | ' | ||
Noninterest-bearing | 236,112 | 217,014 | ||
NOW and money market | 201,860 | 203,771 | ||
Savings | 42,302 | 43,117 | ||
Time Deposits | 91,202 | 99,385 | ||
Total Deposits | 571,476 | 563,287 | ||
Junior subordinated debt | 10,804 | 10,068 | ||
Accrued interest payable | 57 | 71 | ||
Estimated Fair Value [Member] | ' | ' | ||
Financial Assets [Abstract] | ' | ' | ||
Cash and cash equivalents | 181,842 | 141,627 | ||
Interest-bearing deposits | 1,513 | 1,507 | ||
Investment securities | 32,577 | 31,844 | ||
Loans | 369,388 | 386,836 | ||
Accrued interest receivable | 1,397 | 1,694 | ||
Deposits [Abstract] | ' | ' | ||
Noninterest-bearing | 236,112 | 217,014 | ||
NOW and money market | 201,860 | 203,771 | ||
Savings | 42,302 | 43,117 | ||
Time Deposits | 91,357 | 99,529 | ||
Total Deposits | 571,631 | 563,431 | ||
Junior subordinated debt | 10,804 | 10,068 | ||
Accrued interest payable | 57 | 71 | ||
Quoted Prices in Active Markets for Identical Assets Level 1 [Member] | ' | ' | ||
Financial Assets [Abstract] | ' | ' | ||
Cash and cash equivalents | 181,842 | 141,627 | ||
Investment securities | 10,803 | 13,593 | ||
Deposits [Abstract] | ' | ' | ||
Noninterest-bearing | 236,112 | 217,014 | ||
NOW and money market | 201,860 | 203,771 | ||
Savings | 42,302 | 43,117 | ||
Total Deposits | 480,274 | 463,902 | ||
Significant Other Observable Inputs Level 2 [Member] | ' | ' | ||
Financial Assets [Abstract] | ' | ' | ||
Interest-bearing deposits | 1,513 | 1,507 | ||
Investment securities | 21,774 | 18,251 | ||
Accrued interest receivable | 1,397 | 1,694 | ||
Deposits [Abstract] | ' | ' | ||
Accrued interest payable | 57 | 71 | ||
Significant Unobservable Inputs Level 3 [Member] | ' | ' | ||
Financial Assets [Abstract] | ' | ' | ||
Loans | 369,388 | 386,836 | ||
Deposits [Abstract] | ' | ' | ||
Time Deposits | 91,357 | 99,529 | ||
Total Deposits | 91,357 | 99,529 | ||
Junior subordinated debt | $10,804 | $10,068 | ||
[1] | Recurring |
Fair_Value_Measurements_and_Di3
Fair Value Measurements and Disclosure (Details 2) (Junior Subordinated Debt [Member]) | 9 Months Ended |
Sep. 30, 2013 | |
Junior Subordinated Debt [Member] | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' |
Valuation Technique | 'Discounted cash flow |
Weighted Average (in hundredths) | 8.08% |
Fair_Value_Measurements_and_Di4
Fair Value Measurements and Disclosure (Details 3) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
AFS Securities [Abstract] | ' | ' | ||
U.S Govt agencies | $26,471 | [1] | $24,366 | |
U.S. government agency CMO's | 2,319 | [1] | ' | |
U.S Govt collateralized mortgage obligations | ' | 3,517 | ||
Mutual Funds | 3,787 | [1] | 3,961 | |
Fair Value (Carrying Amount) | 32,577 | [1] | 31,844 | |
Impaired loans [Abstract] | ' | ' | ||
Commercial and industrial | 418 | [2] | 576 | [2] |
Real estate mortgage | 9,766 | [2] | 7,903 | [2] |
RE construction & development | 316 | [2] | 0 | [2] |
Agricultural | 0 | [2] | 0 | [2] |
Installment/Other | 0 | [2] | 0 | [2] |
Total impaired loans | 10,500 | [2] | 8,479 | [2] |
Other real estate owned | 7,293 | [2] | 12,010 | [2] |
Total | 50,370 | 52,333 | ||
Description of Liabilities [Abstract] | ' | ' | ||
Junior subordinated debt | 10,804 | [1] | 10,068 | [1] |
Total | 10,804 | 10,068 | ||
Quoted Prices in Active Markets for Identical Assets Level 1 [Member] | ' | ' | ||
AFS Securities [Abstract] | ' | ' | ||
U.S Govt agencies | 7,016 | [1] | 9,632 | |
Mutual Funds | 3,787 | [1] | 3,961 | |
Fair Value (Carrying Amount) | 10,803 | [1] | 13,593 | |
Impaired loans [Abstract] | ' | ' | ||
Total impaired loans | 0 | [2] | 0 | [2] |
Total | 10,803 | 13,593 | ||
Significant Other Observable Inputs Level 2 [Member] | ' | ' | ||
AFS Securities [Abstract] | ' | ' | ||
U.S Govt agencies | 19,455 | [1] | 14,734 | |
U.S. government agency CMO's | 2,319 | [1] | ' | |
U.S Govt collateralized mortgage obligations | ' | 3,517 | ||
Fair Value (Carrying Amount) | 21,774 | [1] | 18,251 | |
Impaired loans [Abstract] | ' | ' | ||
Total impaired loans | 0 | [2] | 0 | [2] |
Total | 21,774 | 18,251 | ||
Significant Unobservable Inputs Level 3 [Member] | ' | ' | ||
AFS Securities [Abstract] | ' | ' | ||
Fair Value (Carrying Amount) | 0 | [1] | 0 | |
Impaired loans [Abstract] | ' | ' | ||
Commercial and industrial | 418 | [2] | 576 | [2] |
Real estate mortgage | 9,766 | [2] | 7,903 | [2] |
RE construction & development | 316 | [2] | 0 | [2] |
Agricultural | 0 | [2] | 0 | [2] |
Installment/Other | 0 | [2] | 0 | [2] |
Total impaired loans | 10,500 | [2] | 8,479 | [2] |
Other real estate owned | 7,293 | [2] | 12,010 | [2] |
Total | 17,793 | 20,489 | ||
Description of Liabilities [Abstract] | ' | ' | ||
Junior subordinated debt | 10,804 | [1] | 10,068 | [1] |
Total | $10,804 | $10,068 | ||
[1] | Recurring | |||
[2] | Nonrecurring |
Fair_Value_Measurements_and_Di5
Fair Value Measurements and Disclosure (Details 4) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Junior Subordinate Debt [Member] | ' | ' | ' | ' |
Reconciliation of Liabilities [Abstract] | ' | ' | ' | ' |
Beginning balance | $10,882 | $9,276 | $10,068 | $9,027 |
Total losses (gains) included in earnings (or changes in net assets) | -141 | 171 | 519 | 284 |
Transfers in and/or out of Level 3 | 63 | 68 | 217 | 204 |
Ending balance | 10,804 | 9,515 | 10,804 | 9,515 |
The amount of total losses (gains) for the period included in earnings attributable to the change in unrealized gains or losses relating to liabilities still held at the reporting date | -141 | 171 | 519 | 284 |
Private Label Mortgage-Backed Securities [Member] | ' | ' | ' | ' |
Reconciliation of Assets [Abstract] | ' | ' | ' | ' |
Beginning balance | 0 | 8,312 | 0 | 7,973 |
Total gains or (losses) included in earnings | 0 | -623 | 0 | -284 |
Total gains or (losses) included in other comprehensive income | 0 | 1,125 | 0 | 1,125 |
Transfers in and/or out of Level 3 | 0 | 0 | 0 | 0 |
Ending balance | 0 | 8,814 | 0 | 8,814 |
The amount of total gains or (losses) for the period included in earnings (or other comprehensive loss) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date | $0 | ($623) | $0 | ($284) |
Fair_Value_Measurements_and_Di6
Fair Value Measurements and Disclosure (Details-Textual) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Impairment loss on OREO | ($214) | $0 |
Core Deposits Intangible Assets [Member] | Minimum [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Estimated lives of intangibles | '6 years | ' |
Core Deposits Intangible Assets [Member] | Maximum [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Estimated lives of intangibles | '8 years | ' |
Goodwill_and_Intangible_Assets2
Goodwill and Intangible Assets (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Feb. 28, 2007 | |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' |
Goodwill | $4,488,000 | ' | $4,488,000 | ' | $4,488,000 | ' |
Total goodwill and intangible assets | 4,597,000 | ' | 4,597,000 | ' | 4,737,000 | ' |
Amortization of intangibles | 47,000 | 79,000 | 140,000 | 248,000 | ' | ' |
Legacy Merger [Member] | ' | ' | ' | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' |
Purchase price allocation, goodwill amount | 2,900,000 | ' | 2,900,000 | ' | ' | ' |
Taft Branch [Member] | ' | ' | ' | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' |
Date of acquisition agreement | ' | ' | 30-Apr-04 | ' | ' | ' |
Core Deposits Intangible Assets [Member] | ' | ' | ' | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' |
Core deposit intangible assets | 109,000 | ' | 109,000 | ' | 249,000 | ' |
Total amount of core deposit intangible asset at the time of merger | ' | ' | ' | ' | ' | 3,000,000 |
Estimated life of amortization | ' | ' | '7 years | ' | ' | ' |
Impairment losses | 0 | 0 | 0 | 0 | ' | ' |
Core Deposits Intangible Assets [Member] | Legacy Merger [Member] | ' | ' | ' | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' |
Amortization of intangibles | 0 | ' | 0 | 12,000 | ' | ' |
Core Deposits Intangible Assets [Member] | Taft Branch [Member] | ' | ' | ' | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' |
Core deposit intangible assets | $109,000 | ' | $109,000 | ' | ' | ' |