Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 10, 2014 | Jun. 30, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'FNB Bancorp/CA/ | ' | ' |
Entity Central Index Key | '0001163199 | ' | ' |
Trading Symbol | 'fnbg | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Non-accelerated Filer | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 3,978,505 | ' |
Entity Public Float | ' | ' | $59,600,975 |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Cash and due from banks | $14,007 | $27,861 |
Interest-bearing time deposits with financial institutions | 5,543 | 13,216 |
Securities available-for-sale, at fair value | 263,988 | 234,945 |
Other equity securities | 5,300 | 5,464 |
Loans, net of deferred loan fees and allowance for loan losses of $9,879 and $9,124 on December 31, 2013 and December 31, 2012 | 552,343 | 541,563 |
Bank premises, equipment, and leasehold improvements, net | 12,512 | 12,706 |
Bank owned life insurance | 12,151 | 11,785 |
Accrued interest receivable | 3,808 | 3,760 |
Other real estate owned, net | 5,318 | 6,650 |
Goodwill | 1,841 | 1,841 |
Prepaid expenses | 701 | 1,372 |
Other assets | 14,418 | 14,177 |
Total assets | 891,930 | 875,340 |
Deposits | ' | ' |
Demand, noninterest bearing | 198,523 | 178,384 |
Demand, interest bearing | 80,746 | 75,465 |
Savings and money market | 370,194 | 343,437 |
Time | 124,152 | 171,066 |
Total deposits | 773,615 | 768,352 |
Federal Home Loan Bank advances | 15,000 | 1,220 |
Accrued expenses and other liabilities | 9,066 | 10,410 |
Total liabilities | 797,681 | 779,982 |
Commitments and Contingencies (Note 12) | ' | ' |
Stockholders' equity | ' | ' |
Preferred stock - series C - no par value, authorized and outstanding 9,450 shares at December 31, 2013 and 12,600 shares at December 31, 2012 (liquidation preference of $1,000 per share) | 9,450 | 12,600 |
Common stock, no par value, authorized 10,000,000 shares; issued and outstanding 3,978,505 shares at December 31, 2013 and 3,883,543 shares at December 31, 2012 | 59,317 | 52,610 |
Retained earnings | 26,738 | 26,280 |
Accumulated other comprehensive (loss) earnings, net of tax | -1,256 | 3,868 |
Total stockholders' equity | 94,249 | 95,358 |
Total liabilities and stockholders' equity | $891,930 | $875,340 |
Consolidated_Balance_Sheet_Par
Consolidated Balance Sheet (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Net of deferred loan fees and allowance for loan losses (in dollars) | $9,879 | $9,124 |
Preferred Stock, Series C, no par value (in dollars per share) | ' | ' |
Preferred Stock, Series C, shares authorized | 9,450 | 12,600 |
Preferred Stock, Series C, shares outstanding | 9,450 | 12,600 |
Preferred Stock, Series C, liquidation preference per share (in dollars per share) | $1,000 | $1,000 |
Common Stock, no par value (in dollars per share) | ' | ' |
Common stock, shares authorized | 10,000,000 | 10,000,000 |
Common Stock, shares issued | 3,978,505 | 3,883,543 |
Common Stock, shares outstanding | 3,978,505 | 3,698,612 |
Consolidated_Statements_of_Ear
Consolidated Statements of Earnings (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Interest income: | ' | ' | ' |
Interest and fees on loans | $31,937 | $28,942 | $29,320 |
Interest and dividends on taxable securities | 3,283 | 2,541 | 1,910 |
Interest on tax-exempt securities | 2,013 | 2,040 | 1,667 |
Interest on deposits with other financial institutions | 156 | 65 | ' |
Total interest income | 37,389 | 33,588 | 32,897 |
Interest expense: | ' | ' | ' |
Deposits | 2,376 | 2,724 | 3,327 |
Federal Home Loan Bank advances | 19 | 3 | ' |
Total interest expense | 2,395 | 2,727 | 3,327 |
Net interest income | 34,994 | 30,861 | 29,570 |
Provision for loan losses | 1,385 | 1,833 | 1,750 |
Net interest income after provision for loan losses | 33,609 | 29,028 | 27,820 |
Noninterest income: | ' | ' | ' |
Service charges | 2,630 | 2,903 | 3,107 |
Credit card fees | ' | 437 | 701 |
Net gain on sale of available-for-sale securities | 324 | 958 | 479 |
Bank-owned life insurance policy earnings | 366 | 769 | 325 |
Bargain purchase gain | ' | 3,666 | ' |
Other income | 863 | 426 | 467 |
Total noninterest income | 4,183 | 9,159 | 5,079 |
Noninterest expense: | ' | ' | ' |
Salaries and employee benefits | 17,156 | 15,432 | 13,726 |
Occupancy expense | 3,166 | 2,608 | 2,331 |
Equipment expense | 1,549 | 1,732 | 1,722 |
Professional fees | 1,661 | 1,585 | 1,668 |
FDIC assessment | 720 | 702 | 1,155 |
Acquisition expense | ' | 428 | ' |
Telephone, postage, supplies | 1,220 | 1,138 | 1,149 |
Operating losses | 69 | 77 | 571 |
Advertising expense | 458 | 343 | 570 |
Bankcard expense | -7 | 442 | 658 |
Data processing expense | 616 | 571 | 560 |
Low income housing expense | 438 | 294 | 278 |
Surety insurance | 265 | 299 | 267 |
Director expense | 252 | 252 | 216 |
Gain on sale of other real estate owned | -96 | -6 | -66 |
Loss on impairment of other real estate owned | 69 | 53 | 543 |
Other real estate owned expense | 249 | 315 | 439 |
Other expense | 1,243 | 1,474 | 1,287 |
Total noninterest expense | 29,028 | 27,739 | 27,074 |
Earnings before provision for income taxes | 8,764 | 10,448 | 5,825 |
Provision for income taxes | 1,325 | 1,645 | 1,568 |
Net earnings | 7,439 | 8,803 | 4,257 |
Dividends and discount accretion on preferred stock | 567 | 658 | 800 |
Net earnings available to common stockholders | $6,872 | $8,145 | $3,457 |
Earnings per share available to common stockholders: | ' | ' | ' |
Basic (in dollars per share) | $1.75 | $2.10 | $0.89 |
Diluted (in dollars per share) | $1.71 | $2.07 | $0.89 |
Weighted average shares outstanding: | ' | ' | ' |
Basic (in shares) | 3,935 | 3,879 | 3,873 |
Diluted (in shares) | 4,024 | 3,943 | 3,893 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' |
Net earnings | $7,439 | $8,803 | $4,257 |
Other comprehensive income: | ' | ' | ' |
Unrealized holding (loss) gain on available-for-sale securities net of tax benefit (expense) of $3,560, $(413), and $(2111) | -4,933 | 1,159 | 3,320 |
Reclassification adjustment for gains recognized on available-for-sale securities sold, net of tax expense of $133, $393 and $196 | -191 | -565 | -283 |
Total other comprehensive (loss) earnings | -5,124 | 594 | 3,037 |
Total comprehensive earnings | $2,315 | $9,397 | $7,294 |
CONSOLIDATED_STATEMENTS_OF_COM1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (Parentheticals) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' |
Tax on unrealized holding gain on available-for-sale securities (in dollars) | $3,560 | ($413) | ($2,111) |
Tax on reclassification adjustment for gain on available-for-sale (in dollars) | $133 | $393 | $196 |
Consolidated_Statement_of_Chan
Consolidated Statement of Changes in Stockholders' Equity (USD $) | Common stock | Preferred Stock series A | Preferred Stock series B | Preferred Stock series C | Retained earnings | Accumulated other comprehensive earnings (loss) | Total |
In Thousands, except Share data, unless otherwise specified | |||||||
Balance at Dec. 31, 2010 | $46,565 | $11,747 | $615 | ' | $21,760 | $237 | $80,924 |
Balance (in Shares) at Dec. 31, 2010 | 3,338 | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Preferred stock issued | ' | ' | ' | 12,600 | ' | ' | 12,600 |
Redemption of preferred stock | ' | -12,017 | -600 | ' | 17 | ' | -12,600 |
Net earnings | ' | ' | ' | ' | 4,257 | ' | 4,257 |
Total comprehensive earnings (losses) | ' | ' | ' | ' | ' | 3,037 | 3,037 |
Dividends and accretion on preferred stock | ' | 270 | -15 | ' | -800 | ' | -545 |
Dividends on common stock | ' | ' | ' | ' | -568 | ' | -568 |
Cash in lieu of fractional shares | ' | ' | ' | ' | -2 | ' | -2 |
Dividend declared | ' | ' | ' | ' | -211 | ' | -211 |
Stock dividend of 5% | 2,026 | ' | ' | ' | -2,026 | ' | ' |
Stock dividend of 5% (in Shares) | 167 | ' | ' | ' | ' | ' | ' |
Stock options exercised | 11 | ' | ' | ' | ' | ' | 11 |
Stock options exercised (in Shares) | 1 | ' | ' | ' | ' | ' | ' |
Stock-based compensation expense | 293 | ' | ' | ' | ' | ' | 293 |
Balance at Dec. 31, 2011 | 48,895 | ' | ' | 12,600 | 22,427 | 3,274 | 87,196 |
Balance (in Shares) at Dec. 31, 2011 | 3,506 | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Net earnings | ' | ' | ' | ' | 8,803 | ' | 8,803 |
Total comprehensive earnings (losses) | ' | ' | ' | ' | ' | 594 | 594 |
Dividends on preferred stock | ' | ' | ' | ' | -658 | ' | -658 |
Dividends on common stock | ' | ' | ' | ' | -667 | ' | -667 |
Cash in lieu of fractional shares | ' | ' | ' | ' | -5 | ' | -5 |
Dividend declared | ' | ' | ' | ' | -296 | ' | -296 |
Stock dividend of 5% | 3,324 | ' | ' | ' | -3,324 | ' | ' |
Stock dividend of 5% (in Shares) | 176 | ' | ' | ' | ' | ' | ' |
Stock options exercised | 151 | ' | ' | ' | ' | ' | 151 |
Stock options exercised (in Shares) | 17 | ' | ' | ' | ' | ' | ' |
Tax benefit-options exercised | 30 | ' | ' | ' | ' | ' | 30 |
Stock-based compensation expense | 210 | ' | ' | ' | ' | ' | 210 |
Balance at Dec. 31, 2012 | 52,610 | ' | ' | 12,600 | 26,280 | 3,868 | 95,358 |
Balance (in Shares) at Dec. 31, 2012 | 3,699 | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Redemption of preferred stock | ' | ' | ' | -3,150 | ' | ' | -3,150 |
Net earnings | ' | ' | ' | ' | 7,439 | ' | 7,439 |
Total comprehensive earnings (losses) | ' | ' | ' | ' | ' | -5,124 | -5,124 |
Dividends on preferred stock | ' | ' | ' | ' | -567 | ' | -567 |
Dividends on common stock | ' | ' | ' | ' | -1,054 | ' | -1,054 |
Cash in lieu of fractional shares | ' | ' | ' | ' | -4 | ' | -4 |
Dividend declared | ' | ' | ' | ' | -398 | ' | -398 |
Stock dividend of 5% | 4,958 | ' | ' | ' | -4,958 | ' | ' |
Stock dividend of 5% (in Shares) | 189 | ' | ' | ' | ' | ' | ' |
Stock options exercised | 1,067 | ' | ' | ' | ' | ' | 1,067 |
Stock options exercised (in Shares) | 91 | ' | ' | ' | ' | ' | ' |
Tax benefit-options exercised | 354 | ' | ' | ' | ' | ' | 354 |
Stock-based compensation expense | 328 | ' | ' | ' | ' | ' | 328 |
Balance at Dec. 31, 2013 | $59,317 | ' | ' | $9,450 | $26,738 | ($1,256) | $94,249 |
Balance (in Shares) at Dec. 31, 2013 | 3,979 | ' | ' | ' | ' | ' | ' |
Consolidated_Statement_of_Chan1
Consolidated Statement of Changes in Stockholders' Equity (Parentheticals) | 1 Months Ended | 12 Months Ended | ||
Oct. 28, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Statement of Stockholders' Equity [Abstract] | ' | ' | ' | ' |
Stock dividend, percentage | 5.00% | 5.00% | 5.00% | 5.00% |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash flows from operating activities: | ' | ' | ' |
Net earnings | $7,439 | $8,803 | $4,257 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ' | ' | ' |
Depreciation, amortization and accretion | 3,708 | 3,493 | 2,803 |
Gain on sale of securities available-for-sale | -324 | -958 | -479 |
Gain on sale of other real estate owned | -96 | -6 | -66 |
Loss on impairment of other real estate owned | 69 | 53 | 543 |
Stock-based compensation expense | 328 | 210 | 293 |
Earnings on bank owned life insurance | -366 | -769 | -325 |
Provision for loan losses | 1,385 | 1,833 | 1,750 |
Bargain purchase gain | ' | -3,666 | ' |
Deferred taxes | 341 | -271 | -308 |
(Increase) decrease in accrued interest receivable | -48 | 251 | 151 |
Decrease in prepaid expense | 671 | 735 | 736 |
(Increase) decrease in other assets | -278 | -3,177 | 1,832 |
Increase (decrease) increase in accrued expenses and other liabilities | 1,818 | 2,537 | -925 |
Net cash provided by operating activities | 14,647 | 9,068 | 10,262 |
Cash flows from investing activities: | ' | ' | ' |
Cash paid for acquisition, net of cash acquired | ' | -18,374 | ' |
Proceeds from matured/called/sold securities available-for-sale | 53,392 | 68,205 | 41,694 |
Purchases of securities available-for-sale | -93,256 | -102,212 | -98,861 |
Redemptions (purchases) of other equity securities | 164 | -856 | 638 |
Redemption of time deposits of other banks | 7,673 | 3,880 | ' |
Net (increase) decrease in loans | -12,115 | -1,345 | 28,738 |
Increase in bank-owned life insurance | ' | -1,879 | ' |
Proceeds from sale of other real estate owned | 1,384 | 932 | 4,078 |
Net investment in other real estate owned | -25 | -31 | -3 |
Proceeds from sales of bank premises, equipment, and leasehold improvements | 15 | ' | 2 |
Purchases of bank premises, equipment, and leasehold improvements | -1,068 | -850 | -1,181 |
Net cash used in investing activities | -43,836 | -52,530 | -24,895 |
Cash flows from financing activities: | ' | ' | ' |
Net increase in demand and savings deposits | 52,177 | 60,284 | 9,887 |
Net decrease in time deposits | -46,914 | -21,379 | -16,549 |
Net advances (repayment) of FHLB borrowings | 13,780 | -4,877 | ' |
Cash dividends paid on common stock | -1,054 | -667 | -568 |
Cash in lieu of fractional shares | -4 | -5 | -3 |
Exercise of stock options | 1,067 | 151 | 11 |
Cash dividends paid of preferred stock | ' | ' | -545 |
Redemption of preferred stock series A and B | ' | ' | -12,600 |
Net cash provided (used in) by financing activities | 15,335 | 32,849 | -7,767 |
Net decrease in cash and cash equivalents | -13,854 | -10,613 | -22,400 |
Cash and cash equivalents at beginning of year | 27,861 | 38,474 | 60,874 |
Cash and cash equivalents at end of year | 14,007 | 27,861 | 38,474 |
Additional cash flow information: | ' | ' | ' |
Interest paid | 2,519 | 2,676 | 3,345 |
Income taxes paid | 1,235 | 1,907 | 1,955 |
Non-cash investing and financing activities: | ' | ' | ' |
Accrued dividends | 398 | 296 | 210 |
Change in fair value of available-for-sale securities, net of tax effect | -5,124 | 594 | 3,037 |
Loans transferred to other real estate owned | ' | 4,863 | 619 |
Deemed dividends on preferred stock | ' | ' | 255 |
Acquisition: | ' | ' | ' |
Assets acquired | ' | 117,929 | ' |
Liabilities assumed | ' | 114,263 | ' |
Preferred Stock series C | ' | ' | ' |
Cash flows from financing activities: | ' | ' | ' |
Cash dividends paid of preferred stock | -567 | -658 | ' |
Issuance (redemption) of preferred stock series C | ($3,150) | ' | $12,600 |
The_Company_and_Summary_of_Sig
The Company and Summary of Significant Accounting Policies | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||
The Company and Summary of Significant Accounting Policies | ' | ||||||||||||
-1 | The Company and Summary of Significant Accounting Policies | ||||||||||||
FNB Bancorp (the “Company”) is a bank holding company registered under the Bank Holding Company Act of 1956, as amended. The Company was incorporated under the laws of the State of California on February 28, 2001. The consolidated financial statements include the accounts of FNB Bancorp and its wholly-owned subsidiary, First National Bank of Northern California (the “Bank”). The Bank provides traditional banking services in San Mateo and San Francisco counties, and operates a loan production office in Santa Clara county. | |||||||||||||
The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenue and expenses during the reporting period. Actual results could differ from those estimates. For the Bank, the significant accounting estimates are the allowance for loan losses, the valuation of goodwill, the valuation of the allowance for deferred tax assets and fair value determinations such as OREO and impaired loans. A summary of the significant accounting policies applied in the preparation of the accompanying consolidated financial statements follows. | |||||||||||||
(a) | Basis of Presentation | ||||||||||||
The accounting and reporting policies of the Company and its wholly-owned subsidiary are in accordance with accounting principles generally accepted in the United States of America. All intercompany balances and transactions have been eliminated. | |||||||||||||
(b) | Cash and Cash Equivalents | ||||||||||||
Cash and cash equivalents include cash on hand, amounts due from banks, and federal funds sold. Generally, federal funds are sold for one-day periods. The cash equivalents are readily convertible to known amounts of cash and present insignificant risk of changes in value due to original maturity dates of 90 days or less. Included in cash and cash equivalents are restricted balances at the Federal Reserve Bank of San Francisco which relate to a minimum cash reserve requirement of approximately $1,278,000 and $1,461,000 at December 31, 2013 and 2012, respectively. | |||||||||||||
(c) | Investment Securities | ||||||||||||
Investment securities consist of U.S. Treasury securities, U.S. agency securities, obligations of states and political subdivisions, obligations of U.S. corporations, mortgage-backed securities and other securities. At the time of purchase of a security, the Company designates the security as held-to-maturity or available-for-sale, based on its investment objectives, operational needs, and intent to hold. The Company classifies securities as held to maturity only if and when it has the positive intent and ability to hold the security to maturity. The Company does not purchase securities with the intent to engage in trading activity. Held to maturity securities are recorded at amortized cost, adjusted for amortization of premiums or accretion of discounts. The Company did not have any investments in the held-to-maturity portfolio at December 31, 2013 or 2012. Securities available-for-sale are recorded at fair value with unrealized holding gains or losses, net of the related tax effect, reported as a separate component of stockholders’ equity until realized. | |||||||||||||
An impairment charge will be recorded if the Company has the intent to sell a security that is currently in an unrealized loss position or where the Company may be required to sell a security that is currently in an unrealized loss position. A decline in the market value of any security available-for-sale or held-to-maturity below cost that is deemed other than temporary will cause a charge to earnings to be recorded and the corresponding establishment of a new cost basis for the security. Amortization of premiums and accretion of discounts on debt securities are included in interest income over the life of the related security held-to-maturity or available-for-sale using the effective interest method. Dividend and interest income are recognized when earned. Realized gains and losses for securities classified as available-for-sale and held-to-maturity are included in earnings and are derived using the specific identification method for determining the cost of securities sold. | |||||||||||||
Investments with fair values that are less than amortized cost are considered impaired. Impairment may result from either a decline in the financial condition of the issuing entity or, in the case of fixed interest rate investments, from rising interest rates. At each consolidated financial statement date, management assesses each investment to determine if impaired investments are temporarily impaired or if the impairment is other than temporary. This assessment includes a determination of whether the Company intends to sell the security, or if it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis less any current-period credit losses. For debt securities that are considered other than temporarily impaired and that the Company does not intend to sell and will not be required to sell prior to recovery of the amortized cost basis, the amount of impairment is separated into the amount that is credit related (credit loss component) and the amount due to all other factors. The credit loss component is recognized in earnings and is calculated as the difference between the security’s amortized cost basis and the present value of its expected future cash flows. The remaining difference between the security’s fair value and the present value of the future expected cash flows is deemed to be due to factors that are not credit related and is recognized in other comprehensive earnings. | |||||||||||||
(d) | Derivatives | ||||||||||||
All derivatives contracts and instruments are recognized as either assets or liabilities in the balance sheet and measured at fair value. The Company did not hold any derivative contracts at December 31, 2013 or 2012. | |||||||||||||
(e) | Loans | ||||||||||||
Loans are reported at the principal amount outstanding, net of deferred loan fees and the allowance for loan losses. An unearned discount on installment loans is recognized as income over the terms of the loans by the interest method. Interest on other loans is calculated by using the simple interest method on the daily balance of the principal amount outstanding. Loan fees net of certain direct costs of origination, which represent an adjustment to interest yield, are deferred and amortized over the contractual term of the loan using the interest method. | |||||||||||||
Loans on which the accrual of interest has been discontinued are designated as nonaccrual loans. Accrual of interest on loans is discontinued either when reasonable doubt exists as to the full and timely collection of interest or principal when a loan becomes contractually past due by 90 days or more with respect to interest or principal. When a loan is placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income. Interest accruals are resumed on such loans only when they are brought fully current with respect to interest and principal and when, in the judgment of management, the loans are estimated to be fully collectible as to both principal and interest. | |||||||||||||
A loan is considered impaired if, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due, according to the contractual terms of the loan agreement. An impaired loan is measured based upon the present value of future cash flows discounted at the loan’s effective rate, the loan’s observable market price, or the fair value of collateral if the loan is collateral dependent. Interest on impaired loans is recognized on a cash basis. If the measurement of the impaired loan is less than the recorded investment in the loan, an impairment is recognized by a charge to the allowance for loan losses. Large groups of smaller balance loans are collectively evaluated for impairment. | |||||||||||||
Restructured loans are loans on which concessions in terms have been granted because of the borrowers’ financial difficulties. Interest is generally accrued on such loans in accordance with the new terms, once the borrower has demonstrated a history of at least six months repayment. A loan is considered to be a troubled debt restructuring when the Bank, for economic or legal reasons related to the debtor’s financial difficulties grants a concession to the debtor that makes it easier for the debtor to make their required loan payments. The concession may take the form of a temporary reduction in the interest rate or monthly payment amount due or may extend the maturity date of the loan. Other financial concessions may be agreed to as conditions warrant. Troubled debt restructured loans are accounted for as impaired loans. For an impaired loan that has been restructured, the contractual terms of the loan agreement refer to the contractual terms specified by the original loan agreement, not the contractual terms specified by the restructuring agreement. | |||||||||||||
Loans acquired in business combinations are recorded on a loan-by-loan basis at their estimated fair value. The Company uses third party valuation specialists to determine the estimated fair value on all acquired loans. The Company acquires both performing and impaired loans (loans acquired with evidence of credit quality deterioration at the time of purchase) in its acquisitions. For acquired performing loans, any discount or premium related to fair value adjustments at the time of purchase is recognized as interest income over the estimated life of the loan using the effective yield method. Loans acquired with evidence of credit quality deterioration, at the time of purchase, are accounted for under ASC 310-30. Loans and Debt Securities Acquired with Deteriorated Credit Quality (“ASC 310-30 Loans”). For ASC 310-30 Loans, the excess of cash flows expected to be collected over a loan’s carrying value is considered to be the accreteable yield and is recognized as interest income over the estimated life of the loan using the effective yield method. The acquisition date estimates of accreteable yield may subsequently change due to changes in management’s estimates of timing and amounts of expected cash flows. The excess of the contractual amounts due over the cash flows expected to be collected is considered to be the nonaccretable difference. The nonaccretable difference represents the Company’s estimate of the credit losses expected to occur and is considered in determining the fair value of the loans as of the acquisition date. Subsequent to the acquisition date, any increases in expected cash flows over those expected at acquisition date in excess of fair value are adjusted through an increase to the accreteable yield on a prospective basis. Any subsequent decreases in cash flows attributable to credit deterioration are recognized by recording additional provision for loan losses. | |||||||||||||
(f) | Allowance for Loan Losses | ||||||||||||
The allowance for loan losses is established through a provision for loan losses charged to expense. Loans are charged off against the allowance for loan losses when management believes that the collectability of the principal is unlikely. The allowance is an amount that management believes will be adequate to absorb probable losses inherent in existing loans, standby letters of credit, overdrafts, and commitments to extend credit based on evaluations of collectability and prior loss experience. The evaluations take into consideration such factors as changes in the nature and volume of the portfolio, overall portfolio quality, loan concentrations, specific problem loans and current and anticipated economic conditions that may affect the borrowers’ ability to pay. While management uses these evaluations to determine the level of the allowance for loan losses, future provisions may be necessary based on changes in the factors used in the evaluations. Material estimates relating to the determination of the allowance for loan losses are particularly susceptible to significant change in the near term. Management believes that the allowance for loan losses is adequate as of December 31, 2013. While management uses available information to recognize losses on loans, future additions to the allowance may be necessary based on changes in economic conditions, and our borrowers’ ability to pay. In addition, the banking regulators, as an integral part of its examination process, periodically review the Bank’s allowance for loan losses. The banking regulators may require the Bank to recognize additions to the allowance based on their judgment about information available to them at the time of their examination. | |||||||||||||
(g) | Premises and Equipment | ||||||||||||
Premises and equipment are reported at cost less accumulated depreciation using the straight-line method over the estimated service lives of related assets ranging from 3 to 50 years. Leasehold improvements are amortized over the estimated lives of the respective leases or the service lives of the improvements, whichever is shorter. | |||||||||||||
(h) | Other Real Estate Owned | ||||||||||||
Real estate properties acquired through, or in lieu of, loan foreclosure are to be sold and are initially recorded at the lower of the carrying amount of the loan or fair value of the property at the date of foreclosure less selling costs. Subsequent to foreclosure, valuations are periodically performed, and any subsequent revisions in the estimate of fair value are reported as an adjustment to the carrying value of the real estate, provided the adjusted carrying amount does not exceed the original amount at foreclosure. Revenues and expenses from operations and changes in the valuation allowance are included in other operating expenses. The Company may make loans to facilitate the sale of foreclosed real estate. Gains and losses on financed sales are recorded in accordance with the appropriate accounting standard, taking into account the buyer’s initial and continuing investment in the property, potential subordination and transfer of ownership. | |||||||||||||
(i) | Goodwill and Other Intangible Assets | ||||||||||||
Goodwill is recognized in a business acquisition transaction when the acquisition purchase price exceeds the fair market value of identified tangible and intangible assets and liabilities. Goodwill is subsequently evaluated for possible impairment at least annually. If impairment is determined to exist, it is recorded in the period it is identified. The Company evaluated goodwill at December 31, 2013, and found no impairment. | |||||||||||||
Other intangible assets consist of core deposit and customer intangible assets that are initially recorded at fair value and subsequently amortized over their estimated useful lives, usually no longer than a seven year period. | |||||||||||||
(j) | Cash Dividends | ||||||||||||
The Company’s ability to pay cash dividends is subject to restrictions set forth in the California General Corporation Law. Funds for payment of any cash dividends by the Company would be obtained from its investments as well as dividends and/or management fees from the Bank. The Bank’s ability to pay cash dividends is also subject to restrictions imposed under the National Bank Act and regulations promulgated by the Office of the Comptroller of the Currency. | |||||||||||||
(k) | Stock Dividend | ||||||||||||
On October 28, 2013, the Company announced that its Board of Directors had declared a five percent (5%) stock dividend which resulted in 189,218 shares, payable at the rate of one share of Common Stock for every twenty (20) shares of Common Stock owned. The stock dividend was paid on December 23, 2013, to stockholders of record on December 2, 2013. The earnings per share data for all periods presented has been adjusted for stock dividends, except for the Consolidated Statement of Changes in Stockholders’ Equity and Comprehensive Earnings, which shows the historical rollforward of stock dividends declared. | |||||||||||||
(l) | Other Income | ||||||||||||
Other income includes the following major items: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Dividend income-other equity securities | 262 | 138 | 77 | ||||||||||
Rental Income-other real estate owned | 249 | 48 | 97 | ||||||||||
All other smaller items | 352 | 240 | 293 | ||||||||||
Total other income | 863 | 426 | 467 | ||||||||||
(m) | Other Expense | ||||||||||||
Other expense includes the following major items: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
dues and memberships | 109,000 | 111,000 | 104,000 | ||||||||||
real estate appraisals | 129,000 | 72,000 | 83,000 | ||||||||||
Training and seminars | 86,000 | 82,000 | 79,000 | ||||||||||
Amortization of deposit premium | 68,000 | 100,000 | 98,000 | ||||||||||
Mastercard | 98,000 | 97,000 | 100,000 | ||||||||||
Dunbar courier | 113,000 | 107,000 | 104,000 | ||||||||||
OCC Assessment | 215,000 | 171,000 | 261,000 | ||||||||||
All other smaller items | 425,000 | 734,000 | 458,000 | ||||||||||
Total other expense | 1,243,000 | 1,474,000 | 1,287,000 | ||||||||||
(n) | Income Taxes | ||||||||||||
Deferred income taxes are determined using the asset and liability method. Under this method, the net deferred tax asset or liability is recognized for tax consequences of temporary differences by applying current tax rates to differences between the financial reporting and the tax basis of existing assets and liabilities. Deferred tax assets and liabilities are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. A valuation allowance is established through the provision for income taxes for any deferred tax assets where the utilization of the asset is in doubt. During 2013, the Company recorded a reversal of the deferred tax asset valuation allowance of $934,000 for tax credit carry-forwards from the Bank’s investment in low income housing real estate partnerships. As changes in tax laws or rates are enacted, or as significant changes financial projections, deferred tax assets and liabilities are adjusted through the provision for income taxes. | |||||||||||||
The Company had unrecognized tax benefits of $718,000 and $725,000 as of December 31, 2013 and 2012, respectively. These unrecognized tax benefits are related to income tax uncertainties surrounding the Bank’s Enterprise Zone net interest deduction. The Bank is currently being audited by the Franchise Tax Board for the years ended December 31, 2005 through 2008, and the outcome of these audits is uncertain. | |||||||||||||
The Company recognizes interest accrued and penalties related to unrecognized tax benefits in tax expense. During the years ended December 31, 2013 and 2012, the Company believes that any penalties and interest penalties that may exist are not material and the Company has not accrued for them. | |||||||||||||
At December 31, 2013, the Bank had a $1,806,000 investment in six partnerships, which own low-income affordable housing projects that generate tax benefits in the form of federal and state housing tax credits. As a limited partner investor in these partnerships, the Company receives tax benefits in the form of tax deductions from partnership operating losses and federal and state income tax credits. The federal and state income tax credits are earned over a 10-year period as a result of the investment properties meeting certain criteria and are subject to recapture for noncompliance with such criteria over a 15-year period. The expected benefit resulting from the low-income housing tax credits is recognized in the period for which the tax benefit is recognized in the Company’s consolidated tax returns. These investments are accounted for using the historical cost method less depreciation and amortization and are recorded in other assets on the balance sheet. The Company recognizes tax credits as they are allocated and amortizes the initial cost of the investments over the period that tax credits are allocated to the Company. There is no residual value for the investment at the end of the tax credit allocation period. Cash received from operations of the limited partnership or sale of the properties, if any, will be included in earnings when realized. | |||||||||||||
(o) | Earnings per Share | ||||||||||||
Basic earnings per share is computed by dividing net income by the weighted average common shares outstanding, adjusted for stock dividends and splits. Diluted earnings per share reflects potential dilution from outstanding stock options, using the treasury stock method. There were 179,624, 271,655, and 342,030 anti-dilutive shares in the years ended December 31, 2013, 2012 and 2011, respectively, which were not included in the calculation. Reconciliation of weighted average shares used in computing basic and diluted earnings per share is as follows: | |||||||||||||
(Number of shares in thousands) | 2013 | 2012 | 2011 | ||||||||||
Weighted average common shares outstanding-used in computing basic earnings per share | 3,935 | 3,879 | 3,873 | ||||||||||
Dilutive effect of stock options outstanding, using the treasury stock method | 89 | 64 | 20 | ||||||||||
Shares used in computing diluted earnings per share | 4,024 | 3,943 | 3,893 | ||||||||||
(p) | Stock Option Plans | ||||||||||||
Measurement of the cost of stock options granted is based on the grant-date fair value of each stock option granted using the Black-Scholes valuation model. The cost is then amortized to expense on a straight-line basis over each option’s requisite service period. The amortized expense of the stock option’s fair value has been included in salaries and employee benefits expense for the three years ended December 31, 2013, 2012 and 2011. The expected term of options granted is derived from the output of the option valuation model and represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the contractual life of the option is based on the U. S. Treasury yield curve in effect at the time of the grant. The Company’s stock has limited liquidity and limited trading activity. Volatility was calculated using historical price changes on a monthly basis over the expected life of the option. | |||||||||||||
(q) | Fair Values of Financial Instruments | ||||||||||||
The accounting standards provide for a fair value measurement framework that quantifies fair value estimates by the level of pricing precision. The degree of judgment utilized in measuring the fair value of assets generally correlates to the level of pricing precision. Financial instruments rarely traded or not quoted will generally have a higher degree of judgment utilized in measuring fair value. Pricing precision is impacted by a number of factors including the type of asset or liability, the availability of the asset or liability, the market demand for the asset or liability, and other conditions that were considered at the time of the valuation. | |||||||||||||
In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. | |||||||||||||
(r) | Bank Owned Life Insurance | ||||||||||||
The Company purchased insurance on the lives of certain executives. The policies accumulate asset values to meet future liabilities including the payment of employee benefits such as the deferred compensation plan. Changes in the cash surrender value are recorded as other noninterest income in the consolidated statements of earnings. | |||||||||||||
(s) | Federal Home Loan Bank Borrowings | ||||||||||||
The Bank maintains a collateralized line of credit with the Federal Home Loan Bank (“FHLB”) of San Francisco. Under this line, the Bank may borrow on a short term or a long term (over one year) basis. FHLB advances are recorded and carried at their historical cost. FHLB advances are not transferable and may contain prepayment penalties. In addition to the collateral pledged, the Company is required to hold prescribed amounts of FHLB stock that vary with the usage of FHLB borrowings. | |||||||||||||
(t) | Reclassifications | ||||||||||||
Certain prior year information has been reclassified to conform to current year presentation. The reclassifications had no impact on consolidated net earnings or retained earnings. | |||||||||||||
(u) | Recent Accounting Pronouncements | ||||||||||||
In January 2013, the FASB issued ASU No. 2013-01, Clarifying the Scope of disclosures about Offsetting Assets and Liabilities. The Update clarifies that ASU 2011-11 applies only to derivatives, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset or subject to an enforceable master netting arrangement or similar agreement. Entities with other types of financial assets and financial liabilities subject to a master netting agreement or similar agreement are no longer subject to the disclosure requirements in ASU 2011-11. The amendments are effective for annual and interim reporting periods beginning on or after January 1, 2013. The adoption of ASU did not have a material impact on the Company’s consolidated financial statements. | |||||||||||||
In February of 2013, the FASB issued ASU No. 2013-02 “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” The objective of this Update is to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendments in this Update seek to attain that objective by requiring an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. generally accepted accounting principles (GAAP) to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is reclassified to a balance sheet account (for example, inventory) instead of directly to income or expense in the same reporting period. The amendments are effective prospectively for reporting periods beginning after December 15, 2012. The adoption of ASU No. 2013-02 did not have a material impact on the Company’s consolidated financial statements. | |||||||||||||
In April 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740). This ASU requires an entity to present in the financial statements an unrecognized tax benefit as a liability and the unrecognized tax benefit should not be combined with deferred tax assets to the extent that a net operating loss carry-forward, tax loss or credit carry-forward is also not available at the reporting date. The amendment is to be applied prospectively to all unrecognized tax benefits and are effective for annual and interim reporting periods beginning after December 15, 2013. The Company does not expect this ASU to have a material impact on the Company’s consolidated financial statements. | |||||||||||||
Management has reviewed the remaining Accounting Standards Updates (ASU; 2013-03 through 2013-10) and concluded that none are applicable to the Company’s current operations. | |||||||||||||
In January 2014, the FASB issued ASU No. 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon foreclosure. ASU 2014-04 clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan Through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments are effective for annual and interim reports beginning on or after December 15, 2014 and can be applied with a modified retrospective transition method or prospectively. The adoption of ASU 2014-04 is not expected to have a material impact on the Company’s consolidated financial statements. |
Oceanic_Bank_Acquisition
Oceanic Bank Acquisition | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Business Combinations [Abstract] | ' | ||||
Oceanic Bank Acquisition | ' | ||||
2) | Oceanic Bank Acquisition | ||||
On September 21, 2012, FNB Bancorp completed its acquisition of all of the outstanding stock of Oceanic Bank Holding, Inc. And Oceanic Bank, a California banking corporation and the Company’s wholly-owned subsidiary. Effective the same date, Oceanic Bank was merged into First National Bank of Northern California and Oceanic Bank Holding, Inc. was merged into FNB Bancorp. | |||||
The following table presents the Oceanic Bank acquisition presented at fair value as of the acquisition date, September 21, 2012: | |||||
September 21, | |||||
(Dollars in thousands) | 2012 | ||||
Assets acquired: | |||||
Cash and due from banks | $ | (1,278 | ) | ||
Investment securities, available for sale | 13,387 | ||||
Loans | 103,194 | ||||
Premises and equipment, net | 12 | ||||
Core deposit intangible | 110 | ||||
Other assets | 2,504 | ||||
Total assets acquired | $ | 117,929 | |||
Liabilities assumed: | |||||
Noninterest-bearing deposits | 11,755 | ||||
Interest-bearing deposits | 95,914 | ||||
Borrowings | 6,097 | ||||
Accrued expenses and other liabilities | 497 | ||||
Total liabilities assumed | $ | 114,263 | |||
Net assets acquired/Bargain purchase gain | $ | 3,666 | |||
The Company was able to record a bargain purchase gain related to this acquisition in the amount of $3,666,000. The bargain purchase gain is shown as a separate line item in the Company’s 2012 Consolidated Statement of Earnings. On a pro forma basis, the earnings of Oceanic Bank would not have been material to the Company for the year ended December 31, 2012. | |||||
Subsequent to the acquisition, the Bank closed the Oceanic Bank branch that operated on the Island of Guam and also closed the San Francisco, CA branch that operated from Post Street. Additional space was leased to include all the downstairs space at the Battery Street location and the Post Street operations were consolidated into the Battery Street branch location. These branch closures and consolidations reduced our branch facilities costs by approximately $30,000 per month beginning in August, 2013. |
Restricted_Cash_Balance
Restricted Cash Balance | 12 Months Ended | ||
Dec. 31, 2013 | |||
Restricted Cash Disclosure [Abstract] | ' | ||
Restricted Cash Balance | ' | ||
-3 | Restricted Cash Balance | ||
Cash and due from banks includes balances with the Federal Reserve Bank of San Francisco (the FRB). The Bank is required to maintain specified minimum average balances with the FRB, based primarily upon the Bank’s deposit balances. As of December 31, 2013 and 2012, the Bank maintained deposits in excess of the FRB reserve requirement, which was $1,278,000 and $1,461,000, respectively. |
Securities_AvailableforSale
Securities Available-for-Sale | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Securities Available-for-Sale | ' | ||||||||||||||||||||||||
-4 | Securities Available-for-Sale | ||||||||||||||||||||||||
The amortized cost and carrying values of securities available-for-sale are as follows: | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Amortized | Unrealized | Unrealized | Carrying | |||||||||||||||||||||
cost | gains | losses | value | ||||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
U.S. Treasury securities | $ | 3,069 | $ | 12 | $ | (54 | ) | $ | 3,027 | ||||||||||||||||
Obligations of U.S. government agencies | 73,691 | 488 | (860 | ) | 73,319 | ||||||||||||||||||||
Mortgage-backed securities | 79,873 | 360 | (2,373 | ) | 77,860 | ||||||||||||||||||||
Obligations of states and political subdivisions | 82,526 | 1,467 | (1,317 | ) | 82,676 | ||||||||||||||||||||
Corporate debt | 26,958 | 330 | (182 | ) | 27,106 | ||||||||||||||||||||
$ | 266,117 | $ | 2,657 | $ | (4,786 | ) | $ | 263,988 | |||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||
U.S. Treasury securities | $ | 7,145 | $ | 135 | $ | — | $ | 7,280 | |||||||||||||||||
Obligations of U.S. government agencies | 71,061 | 1,206 | (7 | ) | 72,260 | ||||||||||||||||||||
Mortgage-backed securities | 53,934 | 1,383 | (137 | ) | 55,180 | ||||||||||||||||||||
Obligations of states and political subdivisions | 78,147 | 3,515 | (53 | ) | 81,609 | ||||||||||||||||||||
Corporate debt | 18,103 | 535 | (22 | ) | 18,616 | ||||||||||||||||||||
$ | 228,390 | $ | 6,774 | $ | (219 | ) | $ | 234,945 | |||||||||||||||||
An analysis of gross unrealized losses within the available-for-sale investment securities portfolio as of December 31, 2013 and December 31, 2012 follows: | |||||||||||||||||||||||||
Total | < 12 Months | Total | 12 Months or > | Total | Total | ||||||||||||||||||||
December 31, 2013: | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
(Dollar amounts in thousands) | Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||
U. S. Treasury securities | 2,002 | (54 | ) | — | — | 2,002 | (54 | ) | |||||||||||||||||
Obligations of U.S. government agencies | 40,108 | (860 | ) | — | — | 40,108 | (860 | ) | |||||||||||||||||
Mortgage-backed securities | 51,419 | (2,015 | ) | 5,664 | (358 | ) | 57,083 | (2,373 | ) | ||||||||||||||||
Obligations of states and political subdivisions | 33,265 | (1,248 | ) | 1,083 | (69 | ) | 34,348 | (1,317 | ) | ||||||||||||||||
Corporate debt | 10,857 | (180 | ) | 498 | (2 | ) | 11,355 | (182 | ) | ||||||||||||||||
Total | $ | 137,651 | $ | (4,357 | ) | $ | 7,245 | $ | (429 | ) | $ | 144,896 | $ | (4,786 | ) | ||||||||||
Total | < 12 Months | Total | 12 Months or > | Total | Total | ||||||||||||||||||||
December 31, 2012: | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
(Dollar amounts in thousands) | Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||
Obligations of U.S. government agencies | 4,093 | (7 | ) | — | — | 4,093 | (7 | ) | |||||||||||||||||
Mortgage-backed securities | 8,580 | (137 | ) | — | — | 8,580 | (137 | ) | |||||||||||||||||
Obligations of states and political subdivisions | 8,492 | (53 | ) | — | — | 8,492 | (53 | ) | |||||||||||||||||
Corporate debt | — | — | 478 | (22 | ) | 478 | (22 | ) | |||||||||||||||||
Total | $ | 21,165 | $ | (197 | ) | $ | 478 | $ | (22 | ) | $ | 21,643 | $ | (219 | ) | ||||||||||
At December 31, 2013, there were five securities in an unrealized loss position for greater than 12 consecutive months. At December 31, 2012, there was one security in an unrealized loss position for greater than 12 consecutive months. Management periodically evaluates each security in an unrealized loss position to determine if the impairment is temporary or other-than-temporary. Management has determined that no investment security is other-than-temporarily impaired at December 31, 2013 and 2012. The unrealized losses are due solely to interest rate changes, and the Company does not intend to sell nor expects it will be required to sell investment securities identified with impairments resulting from interest rate declines prior to the earliest of forecasted recovery or the maturity of the underlying investment security. | |||||||||||||||||||||||||
The amortized cost and carrying value of debt securities as of December 31, 2013, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Amortized | Carrying | |||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
Due in one year or less | $ | 14,443 | $ | 14,569 | |||||||||||||||||||||
Due after one through five years | 96,703 | 97,184 | |||||||||||||||||||||||
Due after five years through ten years | 116,484 | 114,537 | |||||||||||||||||||||||
Due after ten years | 38,487 | 37,698 | |||||||||||||||||||||||
$ | 266,117 | $ | 263,988 | ||||||||||||||||||||||
At December 31, 2013 and 2012, securities with an amortized cost of $70,678,000 and $81,978,000, and fair value of $70,640,000 and $84,399,000, respectively, were pledged as collateral for public deposits and for other purposes required by law. | |||||||||||||||||||||||||
As of December 31, 2013 and 2012, the Bank had investments in Federal Home Loan Bank stock classified as other equity security in the accompanying balance sheets of $3,988,000 and $4,154,000, respectively. As of December 31, 2013 and 2012, the Bank had investments in FRB of $1,062,000, also carried among other equity securities. These investments are carried at cost, and evaluated periodically for impairment. Federal Home Loan Bank and FRB stock can be redeemed at par by the government agencies. These securities cannot be sold to other investors. Management reviews the financial statements, credit rating and other pertinent financial information of these entities in order to determine if impairment has occurred. So long as there is sufficient evidence to support the ability of these entities to continue to redeem their stock, management believes these securities are not impaired. |
Loans
Loans | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||
Loans | ' | ||||||||||||||||||||||||||||
-5 | Loans | ||||||||||||||||||||||||||||
Loans are summarized as follows at December 31: | |||||||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||
FNB | Balance | ||||||||||||||||||||||||||||
Bancorp | 31-Dec | ||||||||||||||||||||||||||||
(Dollar amounts in thousands) | Originated | PNCI | PCI | 2013 | |||||||||||||||||||||||||
Commercial real estate | $ | 285,938 | $ | 37,936 | $ | 1,325 | $ | 325,199 | |||||||||||||||||||||
Real estate construction | 31,290 | 3,028 | — | 34,318 | |||||||||||||||||||||||||
Real estate multi-family | 34,357 | 11,786 | — | 46,143 | |||||||||||||||||||||||||
Real estate 1 to 4 family | 98,196 | 8,707 | — | 106,903 | |||||||||||||||||||||||||
Commercial & industrial | 38,287 | 10,217 | — | 48,504 | |||||||||||||||||||||||||
Consumer loans | 1,650 | — | — | 1,650 | |||||||||||||||||||||||||
Gross loans | 489,718 | 71,674 | 1,325 | 562,717 | |||||||||||||||||||||||||
Net deferred loan fees | (495 | ) | — | — | (495 | ) | |||||||||||||||||||||||
Allowance for loan losses | (9,869 | ) | (10 | ) | — | (9,879 | ) | ||||||||||||||||||||||
Net loans | $ | 479,354 | $ | 71,664 | $ | 1,325 | $ | 552,343 | |||||||||||||||||||||
Total | |||||||||||||||||||||||||||||
FNB | Balance | ||||||||||||||||||||||||||||
Bancorp | 31-Dec | ||||||||||||||||||||||||||||
(Dollar amounts in thousands) | Originated | PNCI | PCI | 2012 | |||||||||||||||||||||||||
Commercial real estate | $ | 254,449 | $ | 48,009 | $ | 1,402 | $ | 303,860 | |||||||||||||||||||||
Real estate construction | 14,866 | 3,594 | 486 | 18,946 | |||||||||||||||||||||||||
Real estate multi-family | 39,176 | 18,828 | — | 58,004 | |||||||||||||||||||||||||
Real estate 1 to 4 family | 97,329 | 15,390 | — | 112,719 | |||||||||||||||||||||||||
Commercial & industrial | 42,847 | 12,717 | — | 55,564 | |||||||||||||||||||||||||
Consumer loans | 1,824 | — | — | 1,824 | |||||||||||||||||||||||||
Gross loans | 450,491 | 98,538 | 1,888 | 550,917 | |||||||||||||||||||||||||
Net deferred loan fees | (230 | ) | — | — | (230 | ) | |||||||||||||||||||||||
Allowance for loan losses | (9,124 | ) | — | — | (9,124 | ) | |||||||||||||||||||||||
Net loans | $ | 441,137 | $ | 98,538 | $ | 1,888 | $ | 541,563 | |||||||||||||||||||||
A summary of impaired loans, the related allowance for loan losses, average investment and income recognized on impaired loans follows. The following tables include originated and purchased non-credit impaired loans. | |||||||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||
As of and For the Year Ended December 31, 2013 | |||||||||||||||||||||||||||||
(Dollar amounts in thousands) | |||||||||||||||||||||||||||||
Real | Real | ||||||||||||||||||||||||||||
Estate | Estate | ||||||||||||||||||||||||||||
Commercial | Commercial | Real Estate | Multi | 1 to | |||||||||||||||||||||||||
& industrial | Real estate | Construction | family | 4 family | Consumer | Total | |||||||||||||||||||||||
Allowance for credit losses | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,875 | $ | 4,812 | $ | 857 | $ | — | $ | 1,516 | $ | 64 | $ | 9,124 | |||||||||||||||
Charge-offs | (57 | ) | (262 | ) | (81 | ) | — | (385 | ) | (7 | ) | (792 | ) | ||||||||||||||||
Recoveries | 73 | 35 | 50 | — | 3 | 1 | 162 | ||||||||||||||||||||||
Provision | (654 | ) | 1,178 | (92 | ) | 293 | 654 | 6 | 1,385 | ||||||||||||||||||||
Ending balance | $ | 1,237 | $ | 5,763 | $ | 734 | $ | 293 | $ | 1,788 | $ | 64 | $ | 9,879 | |||||||||||||||
Ending balance: individually evaluated for impairment | $ | 176 | $ | 165 | $ | — | $ | — | $ | 254 | $ | — | $ | 595 | |||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 1,061 | $ | 5,598 | $ | 734 | $ | 293 | $ | 1,534 | $ | 64 | $ | 9,284 | |||||||||||||||
Real | Real | ||||||||||||||||||||||||||||
Estate | Estate | ||||||||||||||||||||||||||||
Commercial | Commercial | Real Estate | Multi | 1 to | |||||||||||||||||||||||||
& industrial | Real Estate | Construction | family | 4 family | Consumer | Total | |||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 48,504 | $ | 323,874 | $ | 34,318 | $ | 46,143 | $ | 106,903 | $ | 1,650 | $ | 561,392 | |||||||||||||||
Ending balance: individually evaluated for impairment | $ | 2,497 | $ | 17,974 | $ | 189 | $ | 375 | $ | 4,077 | $ | — | $ | 25,112 | |||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 46,007 | $ | 305,900 | $ | 34,129 | $ | 46,143 | $ | 102,826 | $ | 1,650 | $ | 536,655 | |||||||||||||||
There has been no additional impairment recognized on purchased credit impaired loans subsequent to acquisition. | |||||||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||
As of and For the Year Ended December 31, 2012 | |||||||||||||||||||||||||||||
(Dollar amounts in thousands) | |||||||||||||||||||||||||||||
Real | Real | ||||||||||||||||||||||||||||
Estate | Estate | ||||||||||||||||||||||||||||
Commercial | Commercial | Real Estate | Multi | 1 to | |||||||||||||||||||||||||
& industrial | Real estate | Construction | family | 4 family | Consumer | Total | |||||||||||||||||||||||
Allowance for credit losses | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,618 | $ | 4,745 | $ | 1,171 | $ | 671 | $ | 1,592 | $ | 100 | $ | 9,897 | |||||||||||||||
Charge-offs | (1,706 | ) | (738 | ) | (54 | ) | (242 | ) | (182 | ) | (11 | ) | (2,933 | ) | |||||||||||||||
Recoveries | 124 | 171 | — | — | 11 | 21 | 327 | ||||||||||||||||||||||
Provision | 1,839 | 634 | (260 | ) | (429 | ) | 95 | (46 | ) | 1,833 | |||||||||||||||||||
Ending balance | $ | 1,875 | $ | 4,812 | $ | 857 | $ | — | $ | 1,516 | $ | 64 | $ | 9,124 | |||||||||||||||
Ending balance: individually evaluated for impairment | $ | 384 | $ | 415 | $ | 232 | $ | — | $ | 306 | $ | — | $ | 1,337 | |||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 1,491 | $ | 4,397 | $ | 625 | $ | — | $ | 1,210 | $ | 64 | $ | 7,787 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 55,564 | $ | 302,458 | $ | 18,460 | $ | 58,004 | $ | 112,719 | $ | 1,824 | $ | 549,029 | |||||||||||||||
Ending balance: individually evaluated for impairment | $ | 4,167 | $ | 16,099 | $ | 681 | $ | — | $ | 4,771 | $ | — | $ | 25,718 | |||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 51,397 | $ | 286,359 | $ | 18,460 | $ | 58,004 | $ | 107,948 | $ | 1,824 | $ | 523,992 | |||||||||||||||
The following tables provide information pertaining to impaired loans originated and PNCI loans as of and for the years ended December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
As of and for the year ended December 31, 2013 | |||||||||||||||||||||||||||||
Unpaid | Average | ||||||||||||||||||||||||||||
(Dollar amounts in thousands) | Recorded | Principal | Related | Recorded | Income | ||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Recognized | |||||||||||||||||||||||||
With no related allowance recorded | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,059 | $ | 1,232 | $ | — | $ | 1,204 | $ | 66 | |||||||||||||||||||
Commercial real estate construction | — | — | — | — | — | ||||||||||||||||||||||||
Commercial real estate | 12,397 | 13,535 | — | 11,445 | 565 | ||||||||||||||||||||||||
Real estate multi family | 375 | 375 | — | 384 | 25 | ||||||||||||||||||||||||
Residential- 1 to 4 family | 1,163 | 1,284 | — | 1,009 | 37 | ||||||||||||||||||||||||
Total | 14,994 | 16,426 | — | 14,042 | 693 | ||||||||||||||||||||||||
With an allowance recorded | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,438 | $ | 1,871 | $ | 166 | $ | 1,710 | $ | 15 | |||||||||||||||||||
Commercial real estate construction | 189 | 196 | 10 | 198 | 18 | ||||||||||||||||||||||||
Commercial real estate | 5,577 | 5,588 | 165 | 4,972 | 254 | ||||||||||||||||||||||||
Residential- 1 to 4 family | 2,914 | 2,923 | 254 | 2,989 | 115 | ||||||||||||||||||||||||
Total | 10,118 | 10,578 | 595 | 9,869 | 402 | ||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 2,497 | $ | 3,103 | $ | 166 | $ | 2,914 | $ | 81 | |||||||||||||||||||
Commercial real estate construction | 189 | 196 | 10 | 198 | 18 | ||||||||||||||||||||||||
Commercial real estate | 17,974 | 19,123 | 165 | 16,417 | 819 | ||||||||||||||||||||||||
Real estate multi family | 375 | 375 | — | 384 | 25 | ||||||||||||||||||||||||
Residential - 1 to 4 family | 4,077 | 4,207 | 254 | 3,998 | 152 | ||||||||||||||||||||||||
Grand total | $ | 25,112 | $ | 27,004 | $ | 595 | $ | 23,911 | $ | 1,095 | |||||||||||||||||||
As of and for the year ended December 31, 2012 | |||||||||||||||||||||||||||||
Unpaid | Average | ||||||||||||||||||||||||||||
(Dollar amounts in thousands) | Recorded | Principal | Related | Recorded | Income | ||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Recognized | |||||||||||||||||||||||||
With no related allowance recorded | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 2,202 | $ | 2,338 | $ | — | $ | 2,298 | $ | 120 | |||||||||||||||||||
Commercial real estate construction | — | — | — | 6,187 | 333 | ||||||||||||||||||||||||
Commercial real estate | 10,666 | 11,580 | — | 4,874 | 86 | ||||||||||||||||||||||||
Residential- 1 to 4 family | 1,052 | 1,147 | — | 1,065 | 55 | ||||||||||||||||||||||||
Total | 13,920 | 15,065 | — | 14,424 | 594 | ||||||||||||||||||||||||
With an allowance recorded | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,965 | $ | 2,427 | $ | 384 | $ | 2,328 | $ | 30 | |||||||||||||||||||
Commercial real estate construction | 681 | 798 | 232 | 798 | 4 | ||||||||||||||||||||||||
Commercial real estate | 5,433 | 5,433 | 415 | 5,685 | 240 | ||||||||||||||||||||||||
Residential- 1 to 4 family | 3,719 | 3,722 | 306 | 3,283 | 150 | ||||||||||||||||||||||||
Total | 11,798 | 12,380 | 1,337 | 12,094 | 424 | ||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 4,167 | $ | 4,765 | $ | 384 | $ | 4,626 | $ | 150 | |||||||||||||||||||
Commercial real estate construction | 681 | 798 | 232 | 6,985 | 337 | ||||||||||||||||||||||||
Commercial real estate | 16,099 | 17,013 | 415 | 10,559 | 326 | ||||||||||||||||||||||||
Residential - 1 to 4 family | 4,771 | 4,869 | 306 | 4,348 | 205 | ||||||||||||||||||||||||
Grand total | $ | 25,718 | $ | 27,445 | $ | 1,337 | $ | 26,518 | $ | 1,018 | |||||||||||||||||||
Nonaccrual loans totaled $7,351,000 and $12,474,000 as of December 31, 2013 and 2012. Not all impaired loans are in a non-accrual status. The difference between impaired loans and nonaccrual loans is primarily due to loans that have been restructured, that were performing under modified loan agreements. Interest on these loans is accrued in accordance with the modified loan terms. | |||||||||||||||||||||||||||||
Loans on Nonaccrual Status as of | |||||||||||||||||||||||||||||
(Dollar amounts in thousands) | December 31, | December 31, | |||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Commercial & industrial | $ | 2,046 | $ | 2,618 | |||||||||||||||||||||||||
Real estate - construction | 189 | 1,898 | |||||||||||||||||||||||||||
Commercial real estate | 4,290 | 6,251 | |||||||||||||||||||||||||||
Real estate 1 to 4 family | 826 | 1,707 | |||||||||||||||||||||||||||
Total | $ | 7,351 | $ | 12,474 | |||||||||||||||||||||||||
Interest income on impaired loans of $1,095,000, $1,018,000 and $1,143,000 was recognized based upon cash payments received in 2013, 2012, and 2011, respectively. The amount of interest on impaired loans not collected in 2013, 2012 and 2011, was $656,000, $1,358,000 and $1,137,000, respectively. The cumulative amount of unpaid interest on impaired loans was $3,430,000, $2,774,000 and $1,967,000 at December 31, 2013, 2012 and 2011, respectively. | |||||||||||||||||||||||||||||
The following is a summary of the number and principal amounts outstanding for troubled debt restructurings added during the years ended December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
Modifications | |||||||||||||||||||||||||||||
For the Year Ended December 31, 2013 | |||||||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Outstanding | Outstanding | ||||||||||||||||||||||||||||
Number of | Recorded | Recorded | |||||||||||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||||||||||
(Dollar amounts in thousands) | |||||||||||||||||||||||||||||
Real Estate-construction | 1 | $ | 189 | $ | 189 | ||||||||||||||||||||||||
Real estate 1 to 4 family | 3 | 1,236 | 1,236 | ||||||||||||||||||||||||||
Commercial real estate | 6 | 4,566 | 4,566 | ||||||||||||||||||||||||||
Total | 10 | $ | 5,991 | $ | 5,991 | ||||||||||||||||||||||||
Modifications | |||||||||||||||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Outstanding | Outstanding | ||||||||||||||||||||||||||||
Number of | Recorded | Recorded | |||||||||||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||||||||||
(Dollar amounts in thousands) | |||||||||||||||||||||||||||||
Commercial & industrial | 7 | $ | 2,723 | $ | 2,723 | ||||||||||||||||||||||||
Real estate 1 to 4 family | 3 | 1,446 | 1,446 | ||||||||||||||||||||||||||
Commercial real estate | 3 | 1,409 | 1,409 | ||||||||||||||||||||||||||
Total | 13 | $ | 5,578 | $ | 5,578 | ||||||||||||||||||||||||
During the years ended December 31, 2013 and 2012, no loans defaulted within twelve months following the date of restructure. All restructurings were a modification of interest rate and/or payment. There were no principal reductions granted. | |||||||||||||||||||||||||||||
The following is a summary of the number and principal amounts outstanding for troubled debt restructurings at December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
Total troubled debt restructurings outstanding at year end | |||||||||||||||||||||||||||||
(dollars in thousands) | 31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||
Non- | Non- | ||||||||||||||||||||||||||||
Accrual | accrual | Total | Accrual | accrual | Total | ||||||||||||||||||||||||
status | status | modifications | status | status | modifications | ||||||||||||||||||||||||
Commercial & industrial | $ | 461 | $ | 1,951 | $ | 2,412 | $ | 1,216 | $ | 2,308 | $ | 3,524 | |||||||||||||||||
Real Estate construction | — | 189 | 189 | — | — | — | |||||||||||||||||||||||
Real estate 1 to 4 family | 2,121 | 529 | 2,650 | 333 | 1,113 | 1,446 | |||||||||||||||||||||||
Commercial real estate | 6,315 | 2,140 | 8,455 | 2,614 | 1,981 | 4,595 | |||||||||||||||||||||||
Total | $ | 8,897 | $ | 4,809 | $ | 13,706 | $ | 4,163 | $ | 5,402 | $ | 9,565 | |||||||||||||||||
Age Analysis of Past Due Loans | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
(Dollar amounts in thousands) | |||||||||||||||||||||||||||||
30-59 | 60-89 | Recorded | |||||||||||||||||||||||||||
Days | Days | Over | Total | Investment > | |||||||||||||||||||||||||
Past | Past | 90 | Past | Total | 90 Days and | ||||||||||||||||||||||||
Originated | Due | Due | Days | Due | Current | Loans | Accruing | ||||||||||||||||||||||
Commercial real estate | $ | 1,403 | $ | — | $ | 2,349 | $ | 3,752 | $ | 282,186 | $ | 285,938 | — | ||||||||||||||||
Real estate construction | — | — | — | — | 31,290 | 31,290 | — | ||||||||||||||||||||||
Real estate multi family | — | — | — | — | 34,357 | 34,357 | |||||||||||||||||||||||
Real estate 1 to 4 family | 161 | 75 | 826 | 1,062 | 97,134 | 98,196 | — | ||||||||||||||||||||||
Commercial & industrial | 563 | 210 | 2,046 | 2,819 | 35,468 | 38,287 | |||||||||||||||||||||||
Consumer | 116 | 19 | — | 135 | 1,515 | 1,650 | — | ||||||||||||||||||||||
Total | $ | 2,243 | $ | 304 | $ | 5,221 | $ | 7,768 | $ | 481,950 | $ | 489,718 | $ | — | |||||||||||||||
Purchased | |||||||||||||||||||||||||||||
Not credit impaired | |||||||||||||||||||||||||||||
Commercial real estate | $ | — | $ | — | $ | 616 | $ | 616 | $ | 37,320 | $ | 37,936 | |||||||||||||||||
Real estate construction | — | — | 189 | 189 | 2,839 | 3,028 | |||||||||||||||||||||||
Real estate multi-family | — | — | — | — | 11,786 | 11,786 | |||||||||||||||||||||||
Real estate 1 to 4 family | — | — | — | — | 8,707 | 8,707 | |||||||||||||||||||||||
Commercial & industrial | — | — | — | — | 10,217 | 10,217 | |||||||||||||||||||||||
Total | $ | — | $ | — | $ | 805 | $ | 805 | $ | 70,869 | $ | 71,674 | |||||||||||||||||
Purchased | |||||||||||||||||||||||||||||
Credit impaired | |||||||||||||||||||||||||||||
Commercial real estate | $ | — | $ | — | $ | 1,325 | $ | 1,325 | $ | — | $ | 1,325 | |||||||||||||||||
Real estate construction | — | — | — | — | — | — | |||||||||||||||||||||||
Real estate multi-family | — | — | — | — | — | — | |||||||||||||||||||||||
Real estate 1 to 4 family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial & industrial | — | — | — | — | — | — | |||||||||||||||||||||||
Total | $ | — | $ | — | $ | 1,325 | $ | 1,325 | $ | — | $ | 1,325 | |||||||||||||||||
All nonaccrual loans are included among loans that are over 90 days past due. | |||||||||||||||||||||||||||||
Age Analysis of Past Due Loans | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||
(Dollar amounts in thousands) | |||||||||||||||||||||||||||||
30-59 | 60-89 | Recorded | |||||||||||||||||||||||||||
Days | Days | Over | Total | Investment > | |||||||||||||||||||||||||
Past | Past | 90 | Past | Total | 90 Days and | ||||||||||||||||||||||||
Originated | Due | Due | Days | Due | Current | Loans | Accruing | ||||||||||||||||||||||
Commercial real estate | $ | 3,942 | — | 2,525 | 6,467 | 247,982 | 254,449 | — | |||||||||||||||||||||
Real estate construction | — | — | — | — | 14,866 | 14,866 | — | ||||||||||||||||||||||
Real estate multi family | — | — | — | — | 39,176 | 39,176 | — | ||||||||||||||||||||||
Real estate 1 to 4 family | 806 | 168 | 1,210 | 2,184 | 95,145 | 97,329 | — | ||||||||||||||||||||||
Commercial & industrial | 18 | 44 | 2,619 | 2,681 | 40,166 | 42,847 | — | ||||||||||||||||||||||
Consumer | — | — | — | — | 1,824 | 1,824 | — | ||||||||||||||||||||||
Total | $ | 4,766 | $ | 212 | $ | 6,354 | $ | 11,332 | $ | 439,159 | $ | 450,491 | $ | — | |||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Investment > | |||||||||||||||||||||||||||||
Purchased | 90 Days and | ||||||||||||||||||||||||||||
Not credit impaired | Accruing | ||||||||||||||||||||||||||||
Commercial real estate | $ | 690 | $ | — | $ | 2,212 | $ | 2,902 | $ | 45,107 | $ | 48,009 | — | ||||||||||||||||
Real estate construction | — | — | 1,411 | 1,411 | 2,183 | 3,594 | — | ||||||||||||||||||||||
Real estate multi-family | 75 | — | — | 75 | 18,753 | 18,828 | — | ||||||||||||||||||||||
Real estate 1 to 4 family | — | 119 | — | 119 | 15,271 | 15,390 | — | ||||||||||||||||||||||
Commercial & industrial | 50 | — | — | 50 | 12,667 | 12,717 | — | ||||||||||||||||||||||
Total | $ | 815 | $ | 119 | $ | 3,623 | $ | 4,557 | $ | 93,981 | $ | 98,538 | $ | — | |||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Investment > | |||||||||||||||||||||||||||||
Purchased | 90 Days and | ||||||||||||||||||||||||||||
Credit impaired | Accruing | ||||||||||||||||||||||||||||
Commercial real estate | $ | — | $ | — | $ | 1402 | $ | 1402 | $ | — | $ | 1,402 | — | ||||||||||||||||
Real estate construction | — | — | 486 | 486 | — | 486 | — | ||||||||||||||||||||||
Total | $ | — | $ | — | $ | 1,888 | $ | 1,888 | $ | — | $ | 1,888 | $ | — | |||||||||||||||
All nonaccrual loans are included among loans that are over 90 days past due. | |||||||||||||||||||||||||||||
Risk rating system | |||||||||||||||||||||||||||||
Loans to borrowers graded as pass or pooled loans represent loans to borrowers of acceptable or better credit quality. They demonstrate sound financial positions, repayment capacity and credit history. They have an identifiable and stable source of repayment. | |||||||||||||||||||||||||||||
Special mention loans have potential weaknesses that deserve management’s attention. If left uncorrected these potential weaknesses may result in a deterioration of the repayment prospects for the asset or in the Bank’s credit position at some future date. These assets are “not adversely classified” and do not expose the Bank to sufficient risk to warrant adverse classification. | |||||||||||||||||||||||||||||
Substandard loans are inadequately protected by current sound net worth, paying capacity of the borrower, or pledged collateral. Loans are normally classified as Substandard when there are unsatisfactory characteristics causing more than acceptable levels of risk. A substandard loan normally has one or more well-defined weakness that could jeopardize the repayment of the debt. For example, a) cash flow deficiency, which may jeopardize future payments; b) sale of non-collateral assets has become primary source of repayment; c) the borrower is bankrupt; or d) for any other reason, future repayment is dependent on court action. | |||||||||||||||||||||||||||||
Doubtful loans represent credits with weakness inherent in the Substandard classification and where collection or liquidation in full is highly questionable. To be classified Doubtful, there must be specific pending factors which prevent the Loan Review Officer from determining the amount of loss contained in the credit. When the amount of loss can be reasonably estimated, that amount is classified as “loss” and the remainder is classified as Substandard. | |||||||||||||||||||||||||||||
Commercial Real Estate Loans – Multi-Family | |||||||||||||||||||||||||||||
Our multi-family commercial real estate loans are secured by multi-family properties located primarily in San Mateo and San Francisco Counties. These loans are made to investors where the primary source of loan repayment is from cash flows generated by the properties, through rent collections. The borrowers’ promissory notes are secured with recorded liens on the underlying properties. The borrowers would normally also be required to personally guarantee repayment of the loans. The bank uses conservative underwriting standards in reviewing applications for credit. Generally, our borrowers have multiple sources of income, so if cash flow generated from the property declines, at least in the short term, the borrowers can normally cover these short term cash flow deficiencies from their available cash reserves. Risk of loss to the Bank is increased when there are cash flow decreases sufficiently large and for such a prolonged period of time that loan payments can no longer be made by the borrowers. | |||||||||||||||||||||||||||||
Commercial Real Estate Loans – Other | |||||||||||||||||||||||||||||
Commercial Real Estate loans consist of loans secured by non-farm, non-residential properties, including, but not limited to industrial, hotel, assisted care, retail, office and mixed use buildings. | |||||||||||||||||||||||||||||
Our commercial real estate loans are made primarily to investors or small businesses where our primary source of repayment is from cash flows generated by the properties, either through rent collection or business profits. The borrower’s promissory notes are secured with recorded liens on the underlying property. The borrowers would normally also be required to personally guarantee repayment of the loan. The Bank uses conservative underwriting standards in reviewing applications for credit. Generally, our borrowers have multiple sources of income, so if cash flow generated from the property declines, at least in the short term, the borrowers can normally cover these short term cash flow deficiencies from their available cash reserves. Risk of loss to the Bank is increased when there are cash flow decreases sufficiently large and for such a prolonged period of time that loan payments can no longer be made by the borrowers. | |||||||||||||||||||||||||||||
Real Estate Construction Loans | |||||||||||||||||||||||||||||
Our real estate construction loans are generally made to borrowers who are rehabilitating a building, converting a building use from one type of use to another, or developing land and building residential or commercial structures for sale or lease. The borrower’s promissory notes are secured with recorded liens on the underlying property. The borrowers would normally also be required to personally guarantee repayment of the loan. The Bank uses conservative underwriting standards in reviewing applications for credit. Generally, our borrowers have sufficient resources to make the required construction loan payments during the construction and absorption or lease-up period. After construction is complete, the loans are normally paid off from proceeds from the sale of the building or through a refinance to a commercial real estate loan. Risk of loss to the Bank is increased when there are material construction cost overruns, significant delays in the time to complete the project and/or there has been a material drop in the value of the projects in the marketplace since the inception of the loan. | |||||||||||||||||||||||||||||
Residential Real Estate Loans | |||||||||||||||||||||||||||||
Our residential real estate loans are generally made to borrowers who are buying or refinancing their primary personal residence or a rental property of 1-4 single family residential units. The Bank uses conservative underwriting standards in reviewing applications for credit. Risk of loss to the Bank is increased when borrowers lose their primary source of income and/or property values decline significantly. | |||||||||||||||||||||||||||||
Commercial and Industrial Loans | |||||||||||||||||||||||||||||
Our commercial and industrial loans are generally made to small businesses to provide them with at least some of the working capital necessary to fund their daily business operations. These loans are generally either unsecured or secured by fixed assets, accounts receivable and/or inventory. The borrowers would normally also be required to personally guarantee repayment of the loan. The Bank uses conservative underwriting standards in reviewing applications for credit. Risk of loss to the Bank is increased when our small business customers experience a significant business downturn, incur significant financial losses, or file for relief from creditors through bankruptcy proceedings. | |||||||||||||||||||||||||||||
Consumer and installment Loans | |||||||||||||||||||||||||||||
Our consumer and installment loans generally consist of personal loans, credit card loans, automobile loans or other loans secured by personal property. The Bank uses conservative underwriting standards in reviewing applications for credit. Risk of loss to the Bank is increased when borrowers lose their primary source of income, or file for relief from creditors through bankruptcy proceedings. | |||||||||||||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
(Dollar amounts in thousands) | |||||||||||||||||||||||||||||
Special | Sub- | Total | |||||||||||||||||||||||||||
Originated | Pass | mention | standard | Doubtful | loans | ||||||||||||||||||||||||
Commercial real estate | $ | 280,356 | $ | 2,330 | $ | 3,252 | $ | — | $ | 285,938 | |||||||||||||||||||
Real estate construction | 29,673 | 573 | 1,044 | — | 31,290 | ||||||||||||||||||||||||
Real estate multi-family | 34,357 | — | — | — | 34,357 | ||||||||||||||||||||||||
Real estate 1 to 4 family | 97,514 | — | 429 | 253 | 98,196 | ||||||||||||||||||||||||
Commercial & industrial | 36,837 | — | 1,439 | 11 | 38,287 | ||||||||||||||||||||||||
Consumer loans | 1,631 | — | 19 | — | 1,650 | ||||||||||||||||||||||||
Totals | $ | 480,368 | $ | 2,903 | $ | 6,183 | $ | 264 | $ | 489,718 | |||||||||||||||||||
Purchased | |||||||||||||||||||||||||||||
Not credit impaired | |||||||||||||||||||||||||||||
Commercial real estate | $ | 28,342 | $ | 4,951 | $ | 4,643 | $ | — | $ | 37,936 | |||||||||||||||||||
Real estate construction | 1,520 | — | 1,508 | — | 3,028 | ||||||||||||||||||||||||
Real estate multi-family | 11,786 | — | — | — | 11,786 | ||||||||||||||||||||||||
Real estate 1 to 4 family | 8,299 | — | 408 | — | 8,707 | ||||||||||||||||||||||||
Commercial & industrial | 10,217 | — | — | — | 10,217 | ||||||||||||||||||||||||
Total | $ | 60,164 | $ | 4,951 | $ | 6,559 | $ | — | $ | 71,674 | |||||||||||||||||||
Purchased | |||||||||||||||||||||||||||||
Credit impaired | |||||||||||||||||||||||||||||
Commercial real estate | $ | 1,325 | |||||||||||||||||||||||||||
Total | $ | 1,325 | |||||||||||||||||||||||||||
Purchased credit impaired loans are accounted as a pool and are not included in the Company’s risk-rated methodology. | |||||||||||||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||
(Dollar amounts in thousands) | |||||||||||||||||||||||||||||
Special | Sub- | Total | |||||||||||||||||||||||||||
Originated | Pass | mention | standard | Doubtful | loans | ||||||||||||||||||||||||
Commercial real estate | $ | 249,991 | $ | 2,372 | $ | 2,086 | $ | — | $ | 254,449 | |||||||||||||||||||
Real estate construction | 13,266 | — | 1,600 | — | 14,866 | ||||||||||||||||||||||||
Real estate multi-family | 39,176 | — | — | — | 39,176 | ||||||||||||||||||||||||
Real estate 1 to 4 family | 95,579 | — | 1,470 | 280 | 97,329 | ||||||||||||||||||||||||
Commercial & industrial | 39,446 | — | 2,564 | 837 | 42,847 | ||||||||||||||||||||||||
Consumer loans | 1,824 | — | — | — | 1,824 | ||||||||||||||||||||||||
Totals | $ | 439,282 | $ | 2,372 | $ | 7,720 | $ | 1,117 | $ | 450,491 | |||||||||||||||||||
Purchased | |||||||||||||||||||||||||||||
Not credit impaired | |||||||||||||||||||||||||||||
Commercial real estate | $ | 30,600 | $ | 7,902 | $ | 9,507 | $ | — | $ | 48,009 | |||||||||||||||||||
Real estate construction | — | 39 | 3,555 | — | 3,594 | ||||||||||||||||||||||||
Real estate multi-family | 18,828 | — | — | — | 18,828 | ||||||||||||||||||||||||
Real estate 1 to 4 family | 14,850 | — | 540 | — | 15,390 | ||||||||||||||||||||||||
Commercial & industrial | 12,717 | — | — | — | 12,717 | ||||||||||||||||||||||||
Total | $ | 76,995 | $ | 7,941 | $ | 13,602 | $ | — | $ | 98,538 | |||||||||||||||||||
Purchased | |||||||||||||||||||||||||||||
Credit impaired | |||||||||||||||||||||||||||||
Commercial real estate | $ | 1,402 | |||||||||||||||||||||||||||
Real estate construction | 486 | ||||||||||||||||||||||||||||
Total | $ | 1,888 |
Foreclosed_Assets
Foreclosed Assets | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Finance Loan And Lease Receivables Held For Investments Foreclosed Assets [Abstract] | ' | ||||||||||||
Foreclosed Assets | ' | ||||||||||||
-6 | Foreclosed Assets | ||||||||||||
A summary of the activity in the balance of foreclosed assets follows: | |||||||||||||
Year ended December 31, | |||||||||||||
(Dollar amounts in thousands) | 2013 | 2012 | 2011 | ||||||||||
Beginning balance, net | $ | 6,650 | $ | 2,747 | $ | 6,680 | |||||||
Additions/transfers from loans | 25 | 4,894 | 622 | ||||||||||
Disposition/sales | (1,288 | ) | (932 | ) | (4,012 | ) | |||||||
Valuation adjustments | (69 | ) | (59 | ) | (543 | ) | |||||||
Ending balance, net | $ | 5,318 | $ | 6,650 | $ | 2,747 | |||||||
Ending valuation allowance | $ | (122 | ) | $ | (1,965 | ) | $ | (2,041 | ) | ||||
Ending number of foreclosed assets | 4 | 5 | 4 | ||||||||||
Proceeds from sale of foreclosed assets | $ | 1,288 | $ | 932 | $ | 4,078 | |||||||
Gain on sale of foreclosed assets | $ | 96 | $ | 6 | $ | 66 |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Related Party Transactions [Abstract] | ' | ||||||||
Related Party Transactions | ' | ||||||||
-7 | Related Party Transactions | ||||||||
In the ordinary course of business, the Bank made loans and advances under lines of credit to directors, officers, and their related interests. The Bank’s policies require that all such loans be made at substantially the same terms as those prevailing at the time for comparable transactions with unrelated parties and do not involve more than normal risk or unfavorable features. The following summarizes activities of loans to such parties at December 31: | |||||||||
(Dollar amounts in thousands) | 2013 | 2012 | |||||||
Balance, beginning of year | $ | 10,225 | $ | 21,573 | |||||
Additions | 6,990 | 6,358 | |||||||
Repayments | (6,133 | ) | (17,706 | ) | |||||
Balance, end of year | $ | 11,082 | $ | 10,225 | |||||
2013 | 2012 | ||||||||
Related party deposits | $ | 3,491 | $ | 2,682 | |||||
Bank_Premises_Equipment_and_Le
Bank Premises, Equipment, and Leasehold Improvements | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Bank Premises, Equipment, and Leasehold Improvements | ' | ||||||||
-8 | Bank Premises, Equipment, and Leasehold Improvements | ||||||||
Bank premises, equipment and leasehold improvements are stated at cost, less accumulated depreciation and amortization, and are summarized as follows at December 31: | |||||||||
(Dollar amounts in thousands) | 2013 | 2012 | |||||||
Buildings | $ | 10,460 | $ | 10,453 | |||||
Equipment & furniture | 8,722 | 9,543 | |||||||
Leasehold improvements | 1,714 | 1,519 | |||||||
20,896 | 21,515 | ||||||||
Accumulated depreciation and amortization | (13,712 | ) | (14,137 | ) | |||||
7,184 | 7,378 | ||||||||
Land | 5,328 | 5,328 | |||||||
$ | 12,512 | $ | 12,706 | ||||||
Depreciation and amortization expense for the years ended December 31, 2013, 2012, and 2011 was $1,250,000, $1,415,000 and $1,487,000, respectively. |
Deposits
Deposits | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Debt Disclosure Text Block [Abstract] | ' | ||||
Deposits | ' | ||||
-9 | Deposits | ||||
The aggregate amount of jumbo time certificates, each with a minimum denomination of $100,000 or more, was $86,337,000 and $122,734,000 at December 31, 2013 and 2012, respectively. At December 31, 2013, the scheduled maturities of all time certificates of deposit are as follows: | |||||
Year ending December 31: | |||||
(Dollar amounts in thousands) | |||||
2014 | $ | 96,881 | |||
2015 | 12,946 | ||||
2016 | 10,745 | ||||
2017 | 3,462 | ||||
2018 | 118 | ||||
$ | 124,152 |
Federal_Home_Loan_Bank_Advance
Federal Home Loan Bank Advances | 12 Months Ended | ||
Dec. 31, 2013 | |||
Federal Home Loan Bank Advances Disclosure [Abstract] | ' | ||
Federal Home Loan Bank Advances | ' | ||
-10 | Federal Home Loan Bank Advances | ||
As of December 31, 2013, there were $15,000,000 Federal Home Loan Bank borrowings outstanding, consisting of $2,000,000 at 0.06% due January 2, 2014 and $13,000,000 at 0.20% due January 10, 2014. At December 31, 2012, there were $1,220,000 Federal Home Loan Bank (“FHLB”) borrowings outstanding, consisting of $500,000 at 1.05% due January 31, 2013; $330,000 at 1.85% due January 22, 2013, and $390,000 at 4.99% due January 31, 2013. | |||
At December 31, 2013, the Bank had a maximum borrowing capacity under Federal Home Loan Bank advances of $271,829,000, of which the entire amount was available. The Federal Home Loan Bank advances are secured by a blanket collateral agreement pledge of FHLB stock and certain other qualifying collateral, such as commercial and mortgage loans. Interest rates are at the prevailing rate when advances are made. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||
Commitments and Contingencies | ' | ||||
-11 | Commitments and Contingencies | ||||
Operating Lease Commitments | |||||
The Bank leases a portion of its facilities and equipment under non-cancelable operating leases expiring at various dates through 2024. Some of these leases provide that the Bank pay taxes, maintenance, insurance, and other occupancy expenses applicable to leased premises. Generally, the leases provide for renewal for various periods at stipulated rates. The minimum rental commitments under the operating leases as of December 31, 2013 are as follows: | |||||
Year ending December 31: | |||||
(Dollars in thousands) | |||||
2014 | $ | 971 | |||
2015 | 990 | ||||
2016 | 1,010 | ||||
2017 | 1,021 | ||||
2018 | 556 | ||||
Thereafter | 1,510 | ||||
$ | 6,058 | ||||
Total rent expense for operating leases was $1,339,000, $1,025,000 and $846,000, in 2013, 2012, and 2011, respectively. | |||||
Legal Commitments | |||||
The Bank is engaged in various lawsuits either as plaintiff or defendant in the ordinary course of business and, in the opinion of management, based upon the advice of counsel, the ultimate outcome of these lawsuits does not expect to have a material effect on the Bank’s financial condition or results of operations. |
Salary_Deferral_Plan
Salary Deferral Plan (Salary Deferral Plan) | 12 Months Ended | ||
Dec. 31, 2013 | |||
Salary Deferral Plan | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ||
Salary Deferral Plan | ' | ||
-12 | Salary Deferral Plan | ||
The Bank maintains a salary deferral 401(k) plan covering substantially all employees, known as the FNB Bancorp Savings Plan (the “Plan”). The Plan allows employees to make contributions to the Plan up to a maximum allowed by law, and the Bank’s contribution is discretionary. Beginning in 2008, the Board approved a safe harbor election related to the Plan which requires the Company to contribute 3% of qualifying employees wages as a profit sharing contribution. The Bank’s accrued contribution to the Plan for the years ended December 31, 2013, 2012, and 2011 was $398,000, $371,000, and $308,000, respectively. |
Salary_Continuation_and_Deferr
Salary Continuation and Deferred Compensation Plans (Salary Continuation and Deferred Compensation Plans) | 12 Months Ended | ||
Dec. 31, 2013 | |||
Salary Continuation and Deferred Compensation Plans | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ||
Salary Continuation and Deferred Compensation Plans | ' | ||
-13 | Salary Continuation and Deferred Compensation Plans | ||
The Bank maintains a Salary Continuation Plan for certain Bank officers. Officers participating in the Salary Continuation Plan are entitled to receive a monthly payment for a period of fifteen to twenty years upon retirement. The Company accrues such post-retirement benefits over the individual’s employment period. The Salary Continuation Plan expense for the years ended December 31, 2013, 2012, and 2011 was $401,879, $371,000, and $250,000, respectively. Accrued compensation payable under the salary continuation plan totaled $2,332,000 and $2,060,000 at December 31, 2013 and 2012, respectively. | |||
The Deferred Compensation Plan allows eligible officers to defer annually their compensation up to a maximum 80% of their base salary and 100% of their cash bonus. The officers are entitled to receive distribution upon reaching a specified age, passage of at least five years or termination of employment. As of December 31, 2013 and 2012, the related liability included in accrued expenses and other liabilities was $1,214,000 and $785,000, respectively. |
Preferred_Stock
Preferred Stock | 12 Months Ended | ||
Dec. 31, 2013 | |||
Stockholders' Equity Note [Abstract] | ' | ||
Preferred Stock | ' | ||
-14 | Preferred Stock | ||
On September 15, 2011, the Company issued Preferred Stock as part of the Treasury’s Small Business Lending Fund (“SBLF”) as Preferred Stock – Series C – Non-Cumulative. The initial dividend rate is five percent. Depending on the volume of our small business lending, the dividend rate can be reduced to as low as one percent. If lending does not increase in the first two years, the dividend rate will increase to seven percent. After 4.5 years, the dividend rate will increase to nine percent if the Company has not repaid the SBLF funding. | |||
On May 6, 2013, 25% or $3,150,000 of the original $12,600,000 was redeemed. Subsequent to December 31, 2013, the remaining SBLF obligation of $9,450,000 was paid in full. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Income Taxes | ' | ||||||||||||
-15 | Income Taxes | ||||||||||||
The provision (benefit) for income taxes for the years ended December 31, consists of the following: | |||||||||||||
(Dollar amounts in thousands) | 2013 | 2012 | 2011 | ||||||||||
Current: | |||||||||||||
Federal | $ | 697 | $ | 467 | $ | 1,201 | |||||||
State | 287 | 1,449 | 675 | ||||||||||
$ | 984 | $ | 1,916 | $ | 1,876 | ||||||||
Deferred: | |||||||||||||
Federal | $ | 197 | $ | 420 | $ | (75 | ) | ||||||
State | 144 | (691 | ) | (233 | ) | ||||||||
341 | (271 | ) | (308 | ) | |||||||||
Total provision for taxes | $ | 1,325 | $ | 1,645 | $ | 1,568 | |||||||
The reason for the differences between the statutory federal income tax rate and the effective tax rates for the years ending December 31, are summarized as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Statutory rates | 34 | % | 34 | % | 34 | % | |||||||
Increase (decrease) resulting from: | |||||||||||||
Tax exempt Income for federal purposes | -9.1 | % | -9 | % | -11.3 | % | |||||||
State taxes on income, net of federal benefit | 3.3 | % | 4.1 | % | 5 | % | |||||||
Benefits from low income housing credits | -1 | % | -0.9 | % | -4.8 | % | |||||||
Tax benefits related to an acquisition | — | -13.5 | % | — | |||||||||
True-up of prior year provision | -4.3 | % | — | — | |||||||||
Increase in the valuation reserve | -9.9 | % | 0.8 | % | — | ||||||||
Other, net | 2.1 | % | 0.2 | % | 4.1 | % | |||||||
Effective tax rate | 15.1 | % | 15.7 | % | 27 | % | |||||||
The tax effect of temporary differences giving rise to the Bank’s net deferred tax asset are as follows: | |||||||||||||
December 31, | |||||||||||||
(Dollar amounts in thousands) | 2013 | 2012 | 2011 | ||||||||||
Deferred tax assets | |||||||||||||
Allowance for loan losses | $ | 4,449 | $ | 4,081 | $ | 4,378 | |||||||
Accrued salaries and officers compensation | 1,492 | 1,276 | 1,399 | ||||||||||
Capitalized interest on buildings | 11 | 14 | — | ||||||||||
Expenses accrued on books, not yet deductible in tax return | 1,480 | 2,065 | 2,039 | ||||||||||
Depreciation | 405 | 501 | 565 | ||||||||||
Net operating loss carryforward | 89 | 334 | 408 | ||||||||||
Tax credit carryforwards | 878 | 1,185 | 820 | ||||||||||
Acquisition accounting differences | 885 | 1,620 | — | ||||||||||
Unrealized depreciation on available-for-sale securities | 876 | — | — | ||||||||||
10,565 | 11,076 | 9,609 | |||||||||||
Deferred tax liabilities | |||||||||||||
Unrealized appreciation on available-for-sale securities | $ | — | $ | 2,698 | $ | 2,283 | |||||||
State income taxes | 668 | 766 | 668 | ||||||||||
Core deposit intangible | 61 | 91 | 87 | ||||||||||
Expenses and credits deducted on tax return, not on books | 122 | 99 | 98 | ||||||||||
Total deferred tax liabilities | 851 | 3,654 | 3,136 | ||||||||||
Net deferred tax asset before valuation allowance | 9,714 | 7,422 | 6,473 | ||||||||||
Valuation allowance | — | (934 | ) | (820 | ) | ||||||||
Net deferred tax assets (included in other assets) | $ | 9,714 | $ | 6,488 | 5,653 | ||||||||
As of December 31, 2013, management believes that it is more likely than not that the deferred tax assets will be realized through recovery of taxes previously paid and/or future taxable income. In assessing the Company’s ability to realize the tax benefits of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income over the periods which the deferred tax assets are deductible, management believes it is more likely than not that the Company will realize the recorded benefits of these deductible differences. The Bank has federal net operating loss carry-forwards resulting from the acquisition of Sequoia National Bank which expire on December 31, 2020, totaling $262,000 as of December 31, 2013. These losses are limited to approximately $469,000 per year under IRS regulations. All operating loss carry-forwards are expected to be utilized prior to their expiration. |
Financial_Instruments
Financial Instruments | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Financial Instruments Disclosure [Abstract] | ' | ||||||||
Financial Instruments | ' | ||||||||
-16 | Financial Instruments | ||||||||
The Bank is a party to financial instruments with off-balance-sheet risk in the normal course of business. These financial instruments include commitments to extend credit in the form of loans or through standby letters of credit. These instruments involve, to varying degrees, elements of credit and interest-rate risk in excess of the amount recognized in the balance sheet. The Bank’s exposure to credit loss is represented by the contractual amount of those instruments and is usually limited to amounts funded or drawn. The contract or notional amounts of these agreements, which are not included in the balance sheets, are an indicator of the Bank’s credit exposure. Commitments to extend credit generally carry variable interest rates and are subject to the same credit standards used in the lending process for on-balance-sheet instruments. Additionally, the Bank periodically reassesses the customer’s creditworthiness through ongoing credit reviews. The Bank generally requires collateral or other security to support commitments to extend credit. The following table provides summary information on financial instruments whose contract amounts represent credit risk as of December 31: | |||||||||
(Dollars amounts in thousands) | 31-Dec | ||||||||
2013 | 2012 | ||||||||
Financial instruments whose contract amounts represent credit risk: | |||||||||
Undisbursed loan commitments | $ | 52,398 | $ | 32,529 | |||||
Lines of credit | 65,120 | 62,616 | |||||||
Mastercard/Visa lines | 5,992 | 4,998 | |||||||
Letters of credit | 6,199 | 2,409 | |||||||
$ | 129,709 | $ | 102,552 | ||||||
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. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer’s creditworthiness on a case-by-case basis, following normal lending policies. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management’s credit evaluation. Collateral held varies, but may include accounts receivable, inventory, property, plant and equipment, and income-producing commercial and residential properties. Equity reserves and unused credit card lines are additional commitments to extend credit. Many of these customers are not expected to draw down their total lines of credit, and therefore, the total contract amount of these lines does not necessarily represent future cash requirements. Standby letters of credit are conditional commitments issued by the Bank 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 loan facilities to customers. | |||||||||
The Bank issues both financial and performance standby letters of credit. The financial standby letters of credit are primarily to guarantee payment to third parties. As of December 31, 2013, there were financial standby letters of credit of $5,318,000 issued. The performance standby letters of credit are typically issued to municipalities as specific performance bonds. As of December 31, 2013 there were performance letters of credit of $881,000 issued. The terms of the guarantees will expire in 2014. The Bank has experienced no draws on these letters of credit, and does not expect to in the future. However, should a triggering event occur, the Bank either has collateral in excess of the letters of credit or embedded agreements of recourse from the customer. |
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||||||
-17 | Fair Value Measurements | ||||||||||||||||||||
The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 and 2012, and indicates the fair value techniques used by the Company to determine such fair value. | |||||||||||||||||||||
Fair Value Measurements | |||||||||||||||||||||
(Dollar amounts in thousands) | at December 31, 2013, Using | ||||||||||||||||||||
Quoted Prices | |||||||||||||||||||||
in Active | |||||||||||||||||||||
Markets | Other | Significant | |||||||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||||||
Fair Value | Assets | Inputs | Inputs | ||||||||||||||||||
Description | 12/31/13 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
U. S. Treasury securities | $ | 3,027 | $ | 3,027 | $ | — | $ | — | |||||||||||||
Obligations of U.S. Government agencies | 73,319 | — | 73,319 | — | |||||||||||||||||
Mortgage-backed securities | 77,860 | — | 77,860 | — | |||||||||||||||||
Obligations of states and political subdivisions | 82,676 | — | 82,676 | — | |||||||||||||||||
Corporate debt | 27,106 | — | 27,106 | — | |||||||||||||||||
Total assets measured at fair value | $ | 263,988 | $ | 3,027 | $ | 260,961 | $ | — | |||||||||||||
Fair Value Measurements | |||||||||||||||||||||
(Dollar amounts in thousands) | at December 31, 2012, Using | ||||||||||||||||||||
Quoted Prices | |||||||||||||||||||||
in Active | |||||||||||||||||||||
Markets | Other | Significant | |||||||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||||||
Fair Value | Assets | Inputs | Inputs | ||||||||||||||||||
Description | 12/31/12 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
U. S. Treasury securities | $ | 7,280 | $ | 7,280 | $ | — | $ | — | |||||||||||||
Obligations of U.S. Government agencies | 72,260 | — | 72,260 | — | |||||||||||||||||
Mortgage-backed securities | 55,180 | — | 55,180 | — | |||||||||||||||||
Obligations of states and political subdivisions | 81,609 | — | 81,609 | — | |||||||||||||||||
Corporate debt | 18,616 | — | 18,616 | — | |||||||||||||||||
Total assets measured at fair value | $ | 234,945 | $ | 7,280 | $ | 227,665 | $ | — | |||||||||||||
Fair values established for available-for-sale investment securities are based on estimates of fair values quoted for similar types of securities with similar maturities, risk and yield characteristics. The following table presents the recorded amount of assets measured at fair value on a non-recurring basis: | |||||||||||||||||||||
Fair Value Measurements | |||||||||||||||||||||
(Dollar amounts in thousands) | at December 31, 2013, Using | ||||||||||||||||||||
Quoted Prices in | |||||||||||||||||||||
Active Markets | Other | Significant | |||||||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||||||
Fair Value | Assets | Inputs | Inputs | ||||||||||||||||||
Description | 12/31/13 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
Impaired loans | $ | 4,810 | $ | — | $ | — | $ | 4,810 | |||||||||||||
Other real estate owned | 1,771 | — | — | 1,771 | |||||||||||||||||
Total impaired assets measured at fair value | $ | 6,581 | $ | — | $ | — | $ | 6,581 | |||||||||||||
Fair Value Measurements | |||||||||||||||||||||
(Dollar amounts in thousands) | at December 31, 2012, Using | ||||||||||||||||||||
Quoted Prices in | |||||||||||||||||||||
Active Markets | Other | Significant | |||||||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||||||
Fair Value | Assets | Inputs | Inputs | ||||||||||||||||||
Description | 12/31/12 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
Impaired loans | $ | 2,494 | $ | — | $ | — | $ | 2,494 | |||||||||||||
Other real estate owned | 4,710 | — | — | 4,710 | |||||||||||||||||
Total impaired assets measured at fair value | $ | 7,204 | $ | — | $ | — | $ | 7,204 | |||||||||||||
The following methods and assumptions were used by the Company in estimating the fair value disclosures for financial instruments that are not carried at fair value on either a recurring or non-recurring basis: | |||||||||||||||||||||
Cash and Cash Equivalents. | |||||||||||||||||||||
The carrying amounts reported in the balance sheet for cash and short-term instruments are a reasonable estimate of fair value, which will approximate their historical cost. | |||||||||||||||||||||
Securities Available-for-Sale. | |||||||||||||||||||||
Fair values for investment securities are based on quoted market prices, where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments. | |||||||||||||||||||||
Federal Home Loan Bank and Federal Reserve Bank stock. | |||||||||||||||||||||
Federal Home Loan Bank and Federal Reserve Bank stock can only be issued and redeemed at par by these entities. These securities cannot be sold in open market transactions. Fair value is estimated to be their carrying value. | |||||||||||||||||||||
Loans Receivable. | |||||||||||||||||||||
For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. For fixed rate loans, fair values are based on discounted cash flows, credit risk factors, and liquidity factors. | |||||||||||||||||||||
Bank Owned Life Insurance. | |||||||||||||||||||||
The fair value of bank owned life insurance is the cash surrender value of the policies, net of expenses. | |||||||||||||||||||||
Deposit liabilities. | |||||||||||||||||||||
The fair values disclosed for demand deposits (e.g., interest and non-interest checking, savings, and money market accounts) are, by definition, equal to the amount payable on demand at reporting date (i.e., their carrying amounts). The fair values for fixed-rate certificates of deposit are based on discounted cash flows. | |||||||||||||||||||||
Undisbursed loan commitments, lines of credit, Mastercard line and standby letters of credit. | |||||||||||||||||||||
The fair value of these off-balance sheet items are based on discounted cash flows of expected fundings. | |||||||||||||||||||||
The following table provides summary information on the estimated fair value of financial instruments at December 31, 2013 and 2012: | |||||||||||||||||||||
31-Dec-13 | Carrying | Fair | Fair value measurements | ||||||||||||||||||
(Dollar amounts in thousands) | amount | value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 14,007 | $ | 14,007 | $ | 14,007 | |||||||||||||||
Interest-bearing time deposits with financial institutions | $ | 5,543 | $ | 5,543 | $ | 5,543 | |||||||||||||||
Securities available for sale | $ | 263,988 | $ | 263,988 | $ | 3,027 | $ | 260,961 | |||||||||||||
Loans | $ | 562,717 | $ | 563,325 | $ | 563,325 | |||||||||||||||
Other equity securities | $ | 5,300 | $ | 5,300 | $ | 5,300 | |||||||||||||||
Accrued interest receivable | $ | 3,808 | $ | 3,808 | $ | 3,808 | |||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | 773,615 | $ | 774,012 | $ | 774,012 | |||||||||||||||
Federal Home Loan Bank advances | $ | 15,000 | $ | 15,000 | $ | 15,000 | |||||||||||||||
Accrued interest payable | $ | 224 | $ | 224 | $ | 224 | |||||||||||||||
Off-balance-sheet liabilities: | |||||||||||||||||||||
Undisbursed loan commitments, lines of credit, standby letters of credit and Mastercard lines of credit | — | $ | 1,297 | $ | 1,297 | ||||||||||||||||
31-Dec-12 | Carrying | Fair | Fair value measurements | ||||||||||||||||||
(Dollar amounts in thousands) | amount | value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 27,861 | $ | 27,861 | $ | 27,861 | |||||||||||||||
Interest-bearing time deposits with financial institutions | $ | 13,216 | $ | 13,216 | $ | 13,216 | |||||||||||||||
Securities available for sale | $ | 234,945 | $ | 234,945 | $ | 7,280 | $ | 227,665 | |||||||||||||
Loans | $ | 550,917 | $ | 547,740 | $ | 547,740 | |||||||||||||||
Other equity securities | $ | 5,464 | $ | 5,464 | $ | 5,464 | |||||||||||||||
Accrued interest receivable | $ | 3,760 | $ | 3,760 | $ | 3,760 | |||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | 768,352 | $ | 769,043 | $ | 769,043 | |||||||||||||||
Federal Home Loan Bank advances | $ | 1,220 | $ | 1,221 | $ | 1,221 | |||||||||||||||
Accrued interest payable | $ | 349 | $ | 349 | $ | 349 | |||||||||||||||
Off-balance-sheet liabilities: | |||||||||||||||||||||
Undisbursed loan commitments, lines of credit, standby letters of credit and Mastercard lines of credit | — | $ | 1,026 | $ | 1,026 |
Significant_Group_Concentratio
Significant Group Concentrations of Credit Risk | 12 Months Ended | ||
Dec. 31, 2013 | |||
Concentration Risk Disclosure [Abstract] | ' | ||
Significant Group Concentrations of Credit Risk | ' | ||
-18 | Significant Group Concentrations of Credit Risk | ||
Most of the Bank’s business activity is with customers located within San Mateo and San Francisco counties. Generally, loans are secured by assets of the borrowers. Loans are expected to be repaid from cash flows or proceeds from the sale of selected assets of the borrowers. The Bank does not have significant concentrations of loans to any one industry, but does have loan concentrations in commercial real estate loans that are considered high by regulatory standards. The Bank has mitigated this concentration to a large extent by utilizing underwriting standards that are more conservative than regulatory guidelines, and performing stress testing on this segment of the portfolio to insure that the commercial real estate loan portfolio will perform within management expectations given an additional downturn in commercial lease rates and commercial real estate valuations. The distribution of commitments to extend credit approximates the distribution of loans outstanding. Commercial and standby letters of credit were granted primarily to commercial borrowers. The contractual amounts of credit-related financial instruments such as commitments to extend credit, credit-card arrangements, and letters of credit represent the amounts of potential accounting loss should the contract be fully drawn upon, the customer default, and the value of any existing collateral become worthless. |
Regulatory_Matters
Regulatory Matters | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Regulatory Matters Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Regulatory matters | ' | ||||||||||||||||||||||||
-19 | Regulatory matters | ||||||||||||||||||||||||
The Company, as a bank holding company, is subject to regulation by the Board of Governors of the Federal Reserve System under the Bank Holding Company Act of 1956, as amended. The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. | |||||||||||||||||||||||||
Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of the Company’s and the Bank’s assets, liabilities and certain off balance-sheet items as calculated under regulatory accounting practices. | |||||||||||||||||||||||||
The capital amounts and classification are also subject to qualitative judgments by the regulators about asset groupings, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined). Management believes, as of December 31, 2013, that the Company and the Bank have met all regulatory capital requirements. | |||||||||||||||||||||||||
As of December 31, 2013, the most recent notification from the regulatory agencies categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized the Bank must maintain minimum total risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the Bank’s categories. | |||||||||||||||||||||||||
The consolidated actual capital amounts and ratios of the Company and the Bank are also presented in the following table: | |||||||||||||||||||||||||
December 31, 2013: | To be well | ||||||||||||||||||||||||
For capital | capitalized under | ||||||||||||||||||||||||
adequacy | prompt corrective | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Actual | purposes | action provisions | ||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
Total risk-based capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated Company | $ | 97,491 | 14.3 | % | $ | 5,454,042 | ≥ | 8 | % | $ | 68,164 | ≥ | n/a | ||||||||||||
Bank | $ | 96,247 | 14.12 | % | $ | 52,883 | ≥ | 8 | % | $ | 68,164 | ≥ | 10 | % | |||||||||||
Tier 1 capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated Company | $ | 88,949 | 13.05 | % | $ | 2,726,406 | ≥ | 4 | % | $ | 40,920 | ≥ | n/a | ||||||||||||
Bank | $ | 87,705 | 12.86 | % | $ | 26,358 | ≥ | 4 | % | $ | 40,920 | ≥ | 6 | % | |||||||||||
Tier 1 leverage capital (to total average assets) | |||||||||||||||||||||||||
Consolidated Company | $ | 88,949 | 9.81 | % | $ | 3,626,871 | ≥ | 4 | % | $ | 45,349 | ≥ | n/a | ||||||||||||
Bank | $ | 87,705 | 9.67 | % | $ | 3,627,921 | ≥ | 4 | % | $ | 45,349 | ≥ | 5 | % | |||||||||||
December 31, 2012: | To be well | ||||||||||||||||||||||||
For capital | capitalized under | ||||||||||||||||||||||||
adequacy | prompt corrective | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Actual | purposes | action provisions | ||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
Total risk-based capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated Company | $ | 94,556 | 14.65 | % | $ | 5,163,468 | ≥ | 8 | % | $ | 64,537 | ≥ | n/a | ||||||||||||
Bank | $ | 93,966 | 14.56 | % | $ | 51,630 | ≥ | 8 | % | $ | 64,537 | ≥ | 10 | % | |||||||||||
Tier 1 capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated Company | $ | 86,476 | 13.4 | % | $ | 2,581,373 | ≥ | 4 | % | $ | 38,716 | ≥ | n/a | ||||||||||||
Bank | $ | 85,886 | 13.31 | % | $ | 25,811 | ≥ | 4 | % | $ | 38,716 | ≥ | 6 | % | |||||||||||
Tier 1 leverage capital (to total average assets) | |||||||||||||||||||||||||
Consolidated Company | $ | 86,476 | 9.75 | % | $ | 3,547,733 | ≥ | 4 | % | $ | 44,363 | ≥ | n/a | ||||||||||||
Bank | $ | 85,886 | 9.68 | % | $ | 3,549,008 | ≥ | 4 | % | $ | 44,363 | ≥ | 5 | % |
Stock_Option_Plans
Stock Option Plans | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Stock Option Plans | ' | ||||||||||||||||
-20 | Stock Option Plans | ||||||||||||||||
In 1997, the Board of Directors of the Bank adopted the First National Bank of Northern California 1997 stock option plan. Pursuant to the holding company reorganization effective March 15, 2002, the Bank stock option plan became the FNB Bancorp stock option Plan. In 2002, the Company adopted an incentive employee stock option plan known as the 2002 FNB Bancorp plan. In 2008, the Company adopted an incentive employee stock option plan known as the 2008 FNB Bancorp stock option plan. The plans allow the Company as of December 31, 2013 to grant options to employees covering 133,657 shares. | |||||||||||||||||
Incentive stock options currently outstanding become exercisable in one to five years from the grant date, based on a vesting schedule of 20% per year and expire 10 years after the grant date. Nonqualified options to directors become vested on the date of grant. The options exercise price is the fair value of the per share price of the underlying stock options at the grant date. | |||||||||||||||||
The amount of compensation expense for options recorded in the years ended December 31, 2013, 2012, and 2011 was $328,000, $210,000, and $293,000, respectively. There was an income tax benefit related to stock option exercises for the years ended December 31, 2013 and 2012 of $354,000 and $30,000, respectively, but no tax benefit for 2011. | |||||||||||||||||
The amount of total unrecognized compensation expense related to non-vested options at December 31, 2013 was $910,000, and the weighted average period it will be amortized over is 4.0 years. The assumptions for options granted in 2013 were as follows: dividend yield of 1.35% for the year; risk-free interest rate of 2.55%; expected volatility of 24.71%; expected life of 9.3 years. This resulted in a weighted average fair value of $7.81 per share. There were no options granted in 2012. | |||||||||||||||||
A summary of option activity, adjusted for stock dividends, issued under the 2008 FNB Bancorp Plan as of December 31, 2013 and changes during the year then ended is presented below. | |||||||||||||||||
Weighted- | |||||||||||||||||
Average | |||||||||||||||||
2008 FNB Bancorp Plan | Weighted | Remaining | Aggregate | ||||||||||||||
Average | Contractual | Intrinsic | |||||||||||||||
Exercise | Term | Value | |||||||||||||||
Options | Shares | Price | (in years) | 0 | |||||||||||||
Outstanding at January 1, 2013 | 216,800 | $ | 8.76 | ||||||||||||||
Granted | 136,704 | $ | 22.86 | ||||||||||||||
Exercised | (51,914 | ) | $ | 8.27 | $ | 637 | |||||||||||
Forfeited or expired | — | — | |||||||||||||||
Outstanding at December 31, 2013 | 301,590 | $ | 15.23 | 7.7 | $ | 3,851 | |||||||||||
Exercisable at December 31, 2013 | 130,230 | $ | 10.57 | 6.3 | $ | 2,270 | |||||||||||
The following supplemental information applies to the three years ended December 31: | |||||||||||||||||
2008 FNB Bancorp Plan | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Options outstanding | 301,590 | 216,800 | 232,019 | ||||||||||||||
Range of exercise prices | $ | 6.14-$26.60 | $ | 6.14-$11.83 | $ | 6.14-$11.83 | |||||||||||
Weighted average remaining contractual life | 7.7 | 7 | 8 | ||||||||||||||
Fully vested options | 130,230 | 120,609 | 94,228 | ||||||||||||||
Weighted average exercise price | $ | 10.57 | $ | 8.18 | $ | 7.93 | |||||||||||
Aggregate intrinsic value | $ | 2,270,122 | $ | 1,144,601 | $ | 292,526 | |||||||||||
Weighted average remaining contractual life (in years) | 6.3 | 6.6 | 7.4 | ||||||||||||||
A summary of option activity under the 2002 FNB Bancorp Plan as of December 31, 2012 and changes during the year then ended is presented below. | |||||||||||||||||
Weighted- | |||||||||||||||||
Average | |||||||||||||||||
2002 FNB Bancorp Plan | Weighted | Remaining | Aggregate | ||||||||||||||
Average | Contractual | Intrinsic | |||||||||||||||
Exercise | Term | Value | |||||||||||||||
Options | Shares | Price | (in years) | 0 | |||||||||||||
Outstanding at January 1, 2013 | 220,010 | $ | 20.11 | ||||||||||||||
Granted | — | — | |||||||||||||||
Exercised | (52,630 | ) | $ | 15.87 | |||||||||||||
Forfeited or expired | (2,653 | ) | $ | 14.62 | |||||||||||||
Outstanding at December 31, 2013 | 164,727 | $ | 21.56 | 1.9 | $ | 1,061 | |||||||||||
Exercisable at December 31, 2013 | 164,727 | $ | 21.56 | 1.9 | $ | 1,061 | |||||||||||
The following supplemental information applies to the three years ended December 31: | |||||||||||||||||
2002 FNB Bancorp Plan | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Options outstanding | 164,727 | 220,010 | 257,454 | ||||||||||||||
Range of exercise prices | $ | 15.31-$24.54 | $ | 14.62-$24.54 | $ | 14.62-$24.54 | |||||||||||
Weighted average remaining contractual life | 1.9 | 2.4 | 3 | ||||||||||||||
Fully vested options | 164,727 | 220,010 | 252,079 | ||||||||||||||
Weighted average exercise price | $ | 21.56 | $ | 20.11 | $ | 19.36 | |||||||||||
Aggregate intrinsic value | $ | 1,061,071 | $ | 132,051 | $ | 0 | |||||||||||
Weighted average remaining contractual life (in years) | 1.9 | 2.4 | 2.9 | ||||||||||||||
A summary of option activity under the 1997 FNB Bancorp Plan as of December 31, 2013 and changes during the year then ended is presented below. | |||||||||||||||||
Weighted- | |||||||||||||||||
Average | |||||||||||||||||
1997 First National Bank Plan | Weighted | Remaining | Aggregate | ||||||||||||||
Average | Contractual | Intrinsic | |||||||||||||||
Exercise | Term | Value | |||||||||||||||
Options | Shares | Price | (in years) | 0 | |||||||||||||
Outstanding at January 1, 2013 | 30,112 | $ | 21.68 | ||||||||||||||
Granted | — | — | |||||||||||||||
Exercised | — | — | |||||||||||||||
Forfeited or expired | — | — | |||||||||||||||
Outstanding at December 31, 2013 | 30,112 | $ | 21.68 | 3.5 | $ | 190 | |||||||||||
Exercisable at December 31, 2013 | 30,112 | $ | 21.68 | 3.5 | $ | 190 | |||||||||||
The following supplemental information applies to the three years ended December 31: | |||||||||||||||||
1997 FNB Bancorp Plan | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Options outstanding | 30,112 | 30,112 | 30,112 | ||||||||||||||
Range of exercise prices | $ | 21.68-$21.68 | $ | 21.68-$21.58 | $ | 21.68-$21.58 | |||||||||||
Weighted average remaining contractual life | 3.5 | 4.5 | 5.5 | ||||||||||||||
Fully vested options | 30,112 | 30,112 | 24,087 | ||||||||||||||
Weighted average exercise price | $ | 21.68 | $ | 21.68 | $ | 21.68 | |||||||||||
Aggregate intrinsic value | $ | 190,437 | $ | 0 | $ | 0 | |||||||||||
Weighted average remaining contractual life (in years) | 3.5 | 4.5 | 5.5 |
Quarterly_Data_Unaudited
Quarterly Data (Unaudited) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Quarterly Data (Unaudited) | ' | ||||||||||||||||
-21 | Quarterly Data (Unaudited) | ||||||||||||||||
2013 | |||||||||||||||||
(Dollars in thousands) | First | Second | Third | Fourth | |||||||||||||
Interest income | $ | 9,397 | $ | 9,358 | $ | 9,259 | $ | 9,375 | |||||||||
Interest expense | 682 | 639 | 560 | 514 | |||||||||||||
Net interest income | 8,715 | 8,719 | 8,699 | 8,861 | |||||||||||||
Provision for loan losses | 600 | 510 | 225 | 50 | |||||||||||||
Net interest income, after provision for loan losses | 8,115 | 8,209 | 8,474 | 8,811 | |||||||||||||
Non-interest income | 976 | 1,092 | 978 | 1,137 | |||||||||||||
Non-interest expense | 7,739 | 7,385 | 6,950 | 6,954 | |||||||||||||
Income before income taxes | 1,352 | 1,916 | 2,502 | 2,994 | |||||||||||||
Provision (benefit) for income taxes | 422 | 537 | (629 | ) | 995 | ||||||||||||
Net earnings | 930 | 1,379 | 3,131 | 1,999 | |||||||||||||
Dividends and discount accretion on preferred stock | 158 | 172 | 118 | 119 | |||||||||||||
Net earnings available to common shareholders | $ | 772 | $ | 1,207 | $ | 3,013 | $ | 1,880 | |||||||||
Basic earnings per share | $ | 0.2 | $ | 0.31 | $ | 0.76 | $ | 0.47 | |||||||||
Diluted earnings per share | $ | 0.19 | $ | 0.3 | $ | 0.75 | $ | 0.46 | |||||||||
2012 | |||||||||||||||||
(Dollars in thousands) | First | Second | Third | Fourth | |||||||||||||
Interest income | $ | 7,882 | $ | 7,878 | $ | 8,361 | $ | 9,467 | |||||||||
Interest expense | 684 | 653 | 663 | 727 | |||||||||||||
Net interest income | 7,198 | 7,225 | 7,698 | 8,740 | |||||||||||||
Provision for loan losses | 400 | 400 | 400 | 633 | |||||||||||||
Net interest income, after provision for loan losses | 6,798 | 6,825 | 7,298 | 8,107 | |||||||||||||
Non-interest income | 1,920 | 1,415 | 4,764 | 1,060 | |||||||||||||
Non-interest expense | 7,053 | 6,498 | 6,631 | 7,557 | |||||||||||||
Income before income taxes | 1,665 | 1,742 | 5,431 | 1,610 | |||||||||||||
Provision for income taxes | 377 | 514 | 490 | 264 | |||||||||||||
Net earnings | 1,288 | 1,228 | 4,941 | 1,346 | |||||||||||||
Dividends and discount accretion on preferred stock | 186 | 157 | 158 | 157 | |||||||||||||
Net earnings available to common shareholders | $ | 1,102 | $ | 1,071 | $ | 4,783 | $ | 1,189 | |||||||||
Basic earnings per share | $ | 0.28 | $ | 0.28 | $ | 1.23 | $ | 0.31 | |||||||||
Diluted earnings per share | $ | 0.28 | $ | 0.27 | $ | 1.21 | $ | 0.3 |
Condensed_Financial_Informatio
Condensed Financial Information of Parent Company | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Condensed Financial Information of Parent Company | ' | ||||||||||||
-22 | Condensed Financial Information of Parent Company | ||||||||||||
The parent company-only condensed balance sheets, condensed statements of earnings, and condensed statements of cash flows information are presented as of and for the years ended December 31, as follows: | |||||||||||||
FNB Bancorp | Condensed balance sheets | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||
Assets: | |||||||||||||
Cash and due from banks | $ | 981 | $ | 512 | |||||||||
Investments in subsidiary | 93,005 | 94,768 | |||||||||||
Income tax receivable from subsidiary | 49 | 49 | |||||||||||
Dividend receivable from subsidiary | 398 | 296 | |||||||||||
Other assets | 242 | 50 | |||||||||||
Total assets | $ | 94,675 | $ | 95,675 | |||||||||
Liabilities: | |||||||||||||
Dividend declared | $ | 398 | $ | 296 | |||||||||
Other liabilities | 28 | 21 | |||||||||||
Total liabilities | 426 | 317 | |||||||||||
Stockholders’ equity | 94,249 | 95,358 | |||||||||||
Total liabilities and stockholders’ equity | $ | 94,675 | $ | 95,675 | |||||||||
FNB Bancorp | Condensed statements of earnings | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Income: | |||||||||||||
Dividends from subsidiary | $ | 3,955 | $ | 1,279 | $ | 1,269 | |||||||
Total income | 3,955 | 1,279 | 1,269 | ||||||||||
Expense: | |||||||||||||
Other expense | 111 | 85 | 64 | ||||||||||
Total expense | 111 | 85 | 64 | ||||||||||
Income before income taxes and equity in undistributed earnings of subsidiary | 3,844 | 1,194 | 1,205 | ||||||||||
Income tax expense/(benefit) | — | (41 | ) | (2 | ) | ||||||||
Income before equity in undistributed earnings of subsidiary | 3,844 | 1,235 | 1,207 | ||||||||||
Equity in undistributed earnings of subsidiary | 3,595 | 7,568 | 3,050 | ||||||||||
Net earnings | 7,439 | 8,803 | 4,257 | ||||||||||
Dividends and discount accretion on preferred stock | 567 | 658 | 800 | ||||||||||
Net earnings available to common shareholders | $ | 6,872 | $ | 8,145 | $ | 3,457 | |||||||
FNB Bancorp | Condensed statement of cash flows | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Net earnings | $ | 7,439 | $ | 8,803 | $ | 4,257 | |||||||
Income tax (receivable from) subsidiary | — | (42 | ) | 1 | |||||||||
Options expense (payable to) receivable from subsidiary | — | — | (215 | ) | |||||||||
Net increase in other assets | (192 | ) | (31 | ) | — | ||||||||
Net increase in other liabilities | 404 | 11 | — | ||||||||||
Undistributed earnings of subsidiary | (3,595 | ) | (7,568 | ) | (3,050 | ) | |||||||
Stock-based compensation expense | 328 | 210 | 293 | ||||||||||
Cash flows from operating activities | 4,384 | 1,383 | 1,286 | ||||||||||
Repayment of capital purchase program | (3,150 | ) | — | (12,600 | ) | ||||||||
Small Business Lending Fund funds received | — | — | 12,600 | ||||||||||
Stock options exercised, including tax benefits of $191 in 2013, $30 in 2012, and none in 2011 | 1,258 | 181 | 11 | ||||||||||
Dividends on common stock | (1,456 | ) | (968 | ) | (568 | ) | |||||||
Cash dividends on preferred stock series A, B, C | (567 | ) | (658 | ) | (545 | ) | |||||||
Cash flows provided by financing activities | (3,915 | ) | (1,445 | ) | (1,102 | ) | |||||||
Net (decrease) increase in cash | 469 | (62 | ) | 184 | |||||||||
Cash, beginning of year | 512 | 574 | 390 | ||||||||||
Cash, end of year | $ | 981 | $ | 512 | $ | 574 |
Subsequent_Event
Subsequent Event | 12 Months Ended | |
Dec. 31, 2013 | ||
Subsequent Events [Abstract] | ' | |
Subsequent Event | ' | |
-23 | Subsequent Event | |
On Thursday, January 23, 2014, FNB Bancorp (the “Company”) redeemed all the remaining outstanding preferred shares that had been issued to the United States Treasury Department through the Small Business Lending Fund (“SBLF”) in a cash redemption transaction. Subsequent to this redemption, the United States Treasury Department no longer has any equity interest in the Company of any kind. |
The_Company_and_Summary_of_Sig1
The Company and Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Dividends Payable [Line Items] | ' | ||||||||||||
Basis of Presentation | ' | ||||||||||||
(a) | Basis of Presentation | ||||||||||||
The accounting and reporting policies of the Company and its wholly-owned subsidiary are in accordance with accounting principles generally accepted in the United States of America. All intercompany balances and transactions have been eliminated. | |||||||||||||
Cash and Cash Equivalents | ' | ||||||||||||
(b) | Cash and Cash Equivalents | ||||||||||||
Cash and cash equivalents include cash on hand, amounts due from banks, and federal funds sold. Generally, federal funds are sold for one-day periods. The cash equivalents are readily convertible to known amounts of cash and present insignificant risk of changes in value due to original maturity dates of 90 days or less. Included in cash and cash equivalents are restricted balances at the Federal Reserve Bank of San Francisco which relate to a minimum cash reserve requirement of approximately $1,278,000 and $1,461,000 at December 31, 2013 and 2012, respectively. | |||||||||||||
Investment Securities | ' | ||||||||||||
(c) | Investment Securities | ||||||||||||
Investment securities consist of U.S. Treasury securities, U.S. agency securities, obligations of states and political subdivisions, obligations of U.S. corporations, mortgage-backed securities and other securities. At the time of purchase of a security, the Company designates the security as held-to-maturity or available-for-sale, based on its investment objectives, operational needs, and intent to hold. The Company classifies securities as held to maturity only if and when it has the positive intent and ability to hold the security to maturity. The Company does not purchase securities with the intent to engage in trading activity. Held to maturity securities are recorded at amortized cost, adjusted for amortization of premiums or accretion of discounts. The Company did not have any investments in the held-to-maturity portfolio at December 31, 2013 or 2012. Securities available-for-sale are recorded at fair value with unrealized holding gains or losses, net of the related tax effect, reported as a separate component of stockholders’ equity until realized. | |||||||||||||
An impairment charge will be recorded if the Company has the intent to sell a security that is currently in an unrealized loss position or where the Company may be required to sell a security that is currently in an unrealized loss position. A decline in the market value of any security available-for-sale or held-to-maturity below cost that is deemed other than temporary will cause a charge to earnings to be recorded and the corresponding establishment of a new cost basis for the security. Amortization of premiums and accretion of discounts on debt securities are included in interest income over the life of the related security held-to-maturity or available-for-sale using the effective interest method. Dividend and interest income are recognized when earned. Realized gains and losses for securities classified as available-for-sale and held-to-maturity are included in earnings and are derived using the specific identification method for determining the cost of securities sold. | |||||||||||||
Investments with fair values that are less than amortized cost are considered impaired. Impairment may result from either a decline in the financial condition of the issuing entity or, in the case of fixed interest rate investments, from rising interest rates. At each consolidated financial statement date, management assesses each investment to determine if impaired investments are temporarily impaired or if the impairment is other than temporary. This assessment includes a determination of whether the Company intends to sell the security, or if it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis less any current-period credit losses. For debt securities that are considered other than temporarily impaired and that the Company does not intend to sell and will not be required to sell prior to recovery of the amortized cost basis, the amount of impairment is separated into the amount that is credit related (credit loss component) and the amount due to all other factors. The credit loss component is recognized in earnings and is calculated as the difference between the security’s amortized cost basis and the present value of its expected future cash flows. The remaining difference between the security’s fair value and the present value of the future expected cash flows is deemed to be due to factors that are not credit related and is recognized in other comprehensive earnings. | |||||||||||||
Derivatives | ' | ||||||||||||
(d) | Derivatives | ||||||||||||
All derivatives contracts and instruments are recognized as either assets or liabilities in the balance sheet and measured at fair value. The Company did not hold any derivative contracts at December 31, 2013 or 2012. | |||||||||||||
Loans | ' | ||||||||||||
(e) | Loans | ||||||||||||
Loans are reported at the principal amount outstanding, net of deferred loan fees and the allowance for loan losses. An unearned discount on installment loans is recognized as income over the terms of the loans by the interest method. Interest on other loans is calculated by using the simple interest method on the daily balance of the principal amount outstanding. Loan fees net of certain direct costs of origination, which represent an adjustment to interest yield, are deferred and amortized over the contractual term of the loan using the interest method. | |||||||||||||
Loans on which the accrual of interest has been discontinued are designated as nonaccrual loans. Accrual of interest on loans is discontinued either when reasonable doubt exists as to the full and timely collection of interest or principal when a loan becomes contractually past due by 90 days or more with respect to interest or principal. When a loan is placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income. Interest accruals are resumed on such loans only when they are brought fully current with respect to interest and principal and when, in the judgment of management, the loans are estimated to be fully collectible as to both principal and interest. | |||||||||||||
A loan is considered impaired if, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due, according to the contractual terms of the loan agreement. An impaired loan is measured based upon the present value of future cash flows discounted at the loan’s effective rate, the loan’s observable market price, or the fair value of collateral if the loan is collateral dependent. Interest on impaired loans is recognized on a cash basis. If the measurement of the impaired loan is less than the recorded investment in the loan, an impairment is recognized by a charge to the allowance for loan losses. Large groups of smaller balance loans are collectively evaluated for impairment. | |||||||||||||
Restructured loans are loans on which concessions in terms have been granted because of the borrowers’ financial difficulties. Interest is generally accrued on such loans in accordance with the new terms, once the borrower has demonstrated a history of at least six months repayment. A loan is considered to be a troubled debt restructuring when the Bank, for economic or legal reasons related to the debtor’s financial difficulties grants a concession to the debtor that makes it easier for the debtor to make their required loan payments. The concession may take the form of a temporary reduction in the interest rate or monthly payment amount due or may extend the maturity date of the loan. Other financial concessions may be agreed to as conditions warrant. Troubled debt restructured loans are accounted for as impaired loans. For an impaired loan that has been restructured, the contractual terms of the loan agreement refer to the contractual terms specified by the original loan agreement, not the contractual terms specified by the restructuring agreement. | |||||||||||||
Loans acquired in business combinations are recorded on a loan-by-loan basis at their estimated fair value. The Company uses third party valuation specialists to determine the estimated fair value on all acquired loans. The Company acquires both performing and impaired loans (loans acquired with evidence of credit quality deterioration at the time of purchase) in its acquisitions. For acquired performing loans, any discount or premium related to fair value adjustments at the time of purchase is recognized as interest income over the estimated life of the loan using the effective yield method. Loans acquired with evidence of credit quality deterioration, at the time of purchase, are accounted for under ASC 310-30. Loans and Debt Securities Acquired with Deteriorated Credit Quality (“ASC 310-30 Loans”). For ASC 310-30 Loans, the excess of cash flows expected to be collected over a loan’s carrying value is considered to be the accreteable yield and is recognized as interest income over the estimated life of the loan using the effective yield method. The acquisition date estimates of accreteable yield may subsequently change due to changes in management’s estimates of timing and amounts of expected cash flows. The excess of the contractual amounts due over the cash flows expected to be collected is considered to be the nonaccretable difference. The nonaccretable difference represents the Company’s estimate of the credit losses expected to occur and is considered in determining the fair value of the loans as of the acquisition date. Subsequent to the acquisition date, any increases in expected cash flows over those expected at acquisition date in excess of fair value are adjusted through an increase to the accreteable yield on a prospective basis. Any subsequent decreases in cash flows attributable to credit deterioration are recognized by recording additional provision for loan losses. | |||||||||||||
Allowance for Loan Losses | ' | ||||||||||||
(f) | Allowance for Loan Losses | ||||||||||||
The allowance for loan losses is established through a provision for loan losses charged to expense. Loans are charged off against the allowance for loan losses when management believes that the collectability of the principal is unlikely. The allowance is an amount that management believes will be adequate to absorb probable losses inherent in existing loans, standby letters of credit, overdrafts, and commitments to extend credit based on evaluations of collectability and prior loss experience. The evaluations take into consideration such factors as changes in the nature and volume of the portfolio, overall portfolio quality, loan concentrations, specific problem loans and current and anticipated economic conditions that may affect the borrowers’ ability to pay. While management uses these evaluations to determine the level of the allowance for loan losses, future provisions may be necessary based on changes in the factors used in the evaluations. Material estimates relating to the determination of the allowance for loan losses are particularly susceptible to significant change in the near term. Management believes that the allowance for loan losses is adequate as of December 31, 2013. While management uses available information to recognize losses on loans, future additions to the allowance may be necessary based on changes in economic conditions, and our borrowers’ ability to pay. In addition, the banking regulators, as an integral part of its examination process, periodically review the Bank’s allowance for loan losses. The banking regulators may require the Bank to recognize additions to the allowance based on their judgment about information available to them at the time of their examination. | |||||||||||||
Premises and Equipment | ' | ||||||||||||
(g) | Premises and Equipment | ||||||||||||
Premises and equipment are reported at cost less accumulated depreciation using the straight-line method over the estimated service lives of related assets ranging from 3 to 50 years. Leasehold improvements are amortized over the estimated lives of the respective leases or the service lives of the improvements, whichever is shorter. | |||||||||||||
Other Real Estate Owned | ' | ||||||||||||
(h) | Other Real Estate Owned | ||||||||||||
Real estate properties acquired through, or in lieu of, loan foreclosure are to be sold and are initially recorded at the lower of the carrying amount of the loan or fair value of the property at the date of foreclosure less selling costs. Subsequent to foreclosure, valuations are periodically performed, and any subsequent revisions in the estimate of fair value are reported as an adjustment to the carrying value of the real estate, provided the adjusted carrying amount does not exceed the original amount at foreclosure. Revenues and expenses from operations and changes in the valuation allowance are included in other operating expenses. The Company may make loans to facilitate the sale of foreclosed real estate. Gains and losses on financed sales are recorded in accordance with the appropriate accounting standard, taking into account the buyer’s initial and continuing investment in the property, potential subordination and transfer of ownership. | |||||||||||||
Goodwill and Other Intangible Assets | ' | ||||||||||||
(i) | Goodwill and Other Intangible Assets | ||||||||||||
Goodwill is recognized in a business acquisition transaction when the acquisition purchase price exceeds the fair market value of identified tangible and intangible assets and liabilities. Goodwill is subsequently evaluated for possible impairment at least annually. If impairment is determined to exist, it is recorded in the period it is identified. The Company evaluated goodwill at December 31, 2013, and found no impairment. | |||||||||||||
Other intangible assets consist of core deposit and customer intangible assets that are initially recorded at fair value and subsequently amortized over their estimated useful lives, usually no longer than a seven year period. | |||||||||||||
Other Income | ' | ||||||||||||
(l) | Other Income | ||||||||||||
Other income includes the following major items: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Dividend income-other equity securities | 262 | 138 | 77 | ||||||||||
Rental Income-other real estate owned | 249 | 48 | 97 | ||||||||||
All other smaller items | 352 | 240 | 293 | ||||||||||
Total other income | 863 | 426 | 467 | ||||||||||
Other Expense | ' | ||||||||||||
(m) | Other Expense | ||||||||||||
Other expense includes the following major items: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
dues and memberships | 109,000 | 111,000 | 104,000 | ||||||||||
real estate appraisals | 129,000 | 72,000 | 83,000 | ||||||||||
Training and seminars | 86,000 | 82,000 | 79,000 | ||||||||||
Amortization of deposit premium | 68,000 | 100,000 | 98,000 | ||||||||||
Mastercard | 98,000 | 97,000 | 100,000 | ||||||||||
Dunbar courier | 113,000 | 107,000 | 104,000 | ||||||||||
OCC Assessment | 215,000 | 171,000 | 261,000 | ||||||||||
All other smaller items | 425,000 | 734,000 | 458,000 | ||||||||||
Total other expense | 1,243,000 | 1,474,000 | 1,287,000 | ||||||||||
Income Taxes | ' | ||||||||||||
(n) | Income Taxes | ||||||||||||
Deferred income taxes are determined using the asset and liability method. Under this method, the net deferred tax asset or liability is recognized for tax consequences of temporary differences by applying current tax rates to differences between the financial reporting and the tax basis of existing assets and liabilities. Deferred tax assets and liabilities are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. A valuation allowance is established through the provision for income taxes for any deferred tax assets where the utilization of the asset is in doubt. During 2013, the Company recorded a reversal of the deferred tax asset valuation allowance of $934,000 for tax credit carry-forwards from the Bank’s investment in low income housing real estate partnerships. As changes in tax laws or rates are enacted, or as significant changes financial projections, deferred tax assets and liabilities are adjusted through the provision for income taxes. | |||||||||||||
The Company had unrecognized tax benefits of $718,000 and $725,000 as of December 31, 2013 and 2012, respectively. These unrecognized tax benefits are related to income tax uncertainties surrounding the Bank’s Enterprise Zone net interest deduction. The Bank is currently being audited by the Franchise Tax Board for the years ended December 31, 2005 through 2008, and the outcome of these audits is uncertain. | |||||||||||||
The Company recognizes interest accrued and penalties related to unrecognized tax benefits in tax expense. During the years ended December 31, 2013 and 2012, the Company believes that any penalties and interest penalties that may exist are not material and the Company has not accrued for them. | |||||||||||||
At December 31, 2013, the Bank had a $1,806,000 investment in six partnerships, which own low-income affordable housing projects that generate tax benefits in the form of federal and state housing tax credits. As a limited partner investor in these partnerships, the Company receives tax benefits in the form of tax deductions from partnership operating losses and federal and state income tax credits. The federal and state income tax credits are earned over a 10-year period as a result of the investment properties meeting certain criteria and are subject to recapture for noncompliance with such criteria over a 15-year period. The expected benefit resulting from the low-income housing tax credits is recognized in the period for which the tax benefit is recognized in the Company’s consolidated tax returns. These investments are accounted for using the historical cost method less depreciation and amortization and are recorded in other assets on the balance sheet. The Company recognizes tax credits as they are allocated and amortizes the initial cost of the investments over the period that tax credits are allocated to the Company. There is no residual value for the investment at the end of the tax credit allocation period. Cash received from operations of the limited partnership or sale of the properties, if any, will be included in earnings when realized. | |||||||||||||
Earnings per Share | ' | ||||||||||||
(o) | Earnings per Share | ||||||||||||
Basic earnings per share is computed by dividing net income by the weighted average common shares outstanding, adjusted for stock dividends and splits. Diluted earnings per share reflects potential dilution from outstanding stock options, using the treasury stock method. There were 179,624, 271,655, and 342,030 anti-dilutive shares in the years ended December 31, 2013, 2012 and 2011, respectively, which were not included in the calculation. Reconciliation of weighted average shares used in computing basic and diluted earnings per share is as follows: | |||||||||||||
(Number of shares in thousands) | 2013 | 2012 | 2011 | ||||||||||
Weighted average common shares outstanding-used in computing basic earnings per share | 3,935 | 3,879 | 3,873 | ||||||||||
Dilutive effect of stock options outstanding, using the treasury stock method | 89 | 64 | 20 | ||||||||||
Shares used in computing diluted earnings per share | 4,024 | 3,943 | 3,893 | ||||||||||
Stock Option Plans | ' | ||||||||||||
(p) | Stock Option Plans | ||||||||||||
Measurement of the cost of stock options granted is based on the grant-date fair value of each stock option granted using the Black-Scholes valuation model. The cost is then amortized to expense on a straight-line basis over each option’s requisite service period. The amortized expense of the stock option’s fair value has been included in salaries and employee benefits expense for the three years ended December 31, 2013, 2012 and 2011. The expected term of options granted is derived from the output of the option valuation model and represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the contractual life of the option is based on the U. S. Treasury yield curve in effect at the time of the grant. The Company’s stock has limited liquidity and limited trading activity. Volatility was calculated using historical price changes on a monthly basis over the expected life of the option. | |||||||||||||
Fair Values of Financial Instruments | ' | ||||||||||||
(q) | Fair Values of Financial Instruments | ||||||||||||
The accounting standards provide for a fair value measurement framework that quantifies fair value estimates by the level of pricing precision. The degree of judgment utilized in measuring the fair value of assets generally correlates to the level of pricing precision. Financial instruments rarely traded or not quoted will generally have a higher degree of judgment utilized in measuring fair value. Pricing precision is impacted by a number of factors including the type of asset or liability, the availability of the asset or liability, the market demand for the asset or liability, and other conditions that were considered at the time of the valuation. | |||||||||||||
In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. | |||||||||||||
Bank Owned Life Insurance | ' | ||||||||||||
(r) | Bank Owned Life Insurance | ||||||||||||
The Company purchased insurance on the lives of certain executives. The policies accumulate asset values to meet future liabilities including the payment of employee benefits such as the deferred compensation plan. Changes in the cash surrender value are recorded as other noninterest income in the consolidated statements of earnings. | |||||||||||||
Federal Home Loan Bank Borrowings | ' | ||||||||||||
(s) | Federal Home Loan Bank Borrowings | ||||||||||||
The Bank maintains a collateralized line of credit with the Federal Home Loan Bank (“FHLB”) of San Francisco. Under this line, the Bank may borrow on a short term or a long term (over one year) basis. FHLB advances are recorded and carried at their historical cost. FHLB advances are not transferable and may contain prepayment penalties. In addition to the collateral pledged, the Company is required to hold prescribed amounts of FHLB stock that vary with the usage of FHLB borrowings. | |||||||||||||
Reclassifications | ' | ||||||||||||
(t) | Reclassifications | ||||||||||||
Certain prior year information has been reclassified to conform to current year presentation. The reclassifications had no impact on consolidated net earnings or retained earnings. | |||||||||||||
Recent Accounting Pronouncements | ' | ||||||||||||
(u) | Recent Accounting Pronouncements | ||||||||||||
In January 2013, the FASB issued ASU No. 2013-01, Clarifying the Scope of disclosures about Offsetting Assets and Liabilities. The Update clarifies that ASU 2011-11 applies only to derivatives, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset or subject to an enforceable master netting arrangement or similar agreement. Entities with other types of financial assets and financial liabilities subject to a master netting agreement or similar agreement are no longer subject to the disclosure requirements in ASU 2011-11. The amendments are effective for annual and interim reporting periods beginning on or after January 1, 2013. The adoption of ASU did not have a material impact on the Company’s consolidated financial statements. | |||||||||||||
In February of 2013, the FASB issued ASU No. 2013-02 “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” The objective of this Update is to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendments in this Update seek to attain that objective by requiring an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. generally accepted accounting principles (GAAP) to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is reclassified to a balance sheet account (for example, inventory) instead of directly to income or expense in the same reporting period. The amendments are effective prospectively for reporting periods beginning after December 15, 2012. The adoption of ASU No. 2013-02 did not have a material impact on the Company’s consolidated financial statements. | |||||||||||||
In April 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740). This ASU requires an entity to present in the financial statements an unrecognized tax benefit as a liability and the unrecognized tax benefit should not be combined with deferred tax assets to the extent that a net operating loss carry-forward, tax loss or credit carry-forward is also not available at the reporting date. The amendment is to be applied prospectively to all unrecognized tax benefits and are effective for annual and interim reporting periods beginning after December 15, 2013. The Company does not expect this ASU to have a material impact on the Company’s consolidated financial statements. | |||||||||||||
Management has reviewed the remaining Accounting Standards Updates (ASU; 2013-03 through 2013-10) and concluded that none are applicable to the Company’s current operations. | |||||||||||||
In January 2014, the FASB issued ASU No. 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon foreclosure. ASU 2014-04 clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan Through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments are effective for annual and interim reports beginning on or after December 15, 2014 and can be applied with a modified retrospective transition method or prospectively. The adoption of ASU 2014-04 is not expected to have a material impact on the Company’s consolidated financial statements. | |||||||||||||
Cash Dividends | ' | ||||||||||||
Dividends Payable [Line Items] | ' | ||||||||||||
Cash Dividends and Stock Dividend | ' | ||||||||||||
(j) | Cash Dividends | ||||||||||||
The Company’s ability to pay cash dividends is subject to restrictions set forth in the California General Corporation Law. Funds for payment of any cash dividends by the Company would be obtained from its investments as well as dividends and/or management fees from the Bank. The Bank’s ability to pay cash dividends is also subject to restrictions imposed under the National Bank Act and regulations promulgated by the Office of the Comptroller of the Currency. | |||||||||||||
Stock Dividends | ' | ||||||||||||
Dividends Payable [Line Items] | ' | ||||||||||||
Cash Dividends and Stock Dividend | ' | ||||||||||||
(k) | Stock Dividend | ||||||||||||
On October 28, 2013, the Company announced that its Board of Directors had declared a five percent (5%) stock dividend which resulted in 189,218 shares, payable at the rate of one share of Common Stock for every twenty (20) shares of Common Stock owned. The stock dividend was paid on December 23, 2013, to stockholders of record on December 2, 2013. The earnings per share data for all periods presented has been adjusted for stock dividends, except for the Consolidated Statement of Changes in Stockholders’ Equity and Comprehensive Earnings, which shows the historical rollforward of stock dividends declared. |
The_Company_and_Summary_of_Sig2
The Company and Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||
Schedule of other income | ' | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
Dividend income-other equity securities | 262 | 138 | 77 | ||||||||||
Rental Income-other real estate owned | 249 | 48 | 97 | ||||||||||
All other smaller items | 352 | 240 | 293 | ||||||||||
Total other income | 863 | 426 | 467 | ||||||||||
Schedule of other expense | ' | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
dues and memberships | 109,000 | 111,000 | 104,000 | ||||||||||
real estate appraisals | 129,000 | 72,000 | 83,000 | ||||||||||
Training and seminars | 86,000 | 82,000 | 79,000 | ||||||||||
Amortization of deposit premium | 68,000 | 100,000 | 98,000 | ||||||||||
Mastercard | 98,000 | 97,000 | 100,000 | ||||||||||
Dunbar courier | 113,000 | 107,000 | 104,000 | ||||||||||
OCC Assessment | 215,000 | 171,000 | 261,000 | ||||||||||
All other smaller items | 425,000 | 734,000 | 458,000 | ||||||||||
Total other expense | 1,243,000 | 1,474,000 | 1,287,000 | ||||||||||
Schedule of reconciliation of weighted average shares used in computing basic and diluted earnings per share | ' | ||||||||||||
(Number of shares in thousands) | 2013 | 2012 | 2011 | ||||||||||
Weighted average common shares outstanding-used in computing basic earnings per share | 3,935 | 3,879 | 3,873 | ||||||||||
Dilutive effect of stock options outstanding, using the treasury stock method | 89 | 64 | 20 | ||||||||||
Shares used in computing diluted earnings per share | 4,024 | 3,943 | 3,893 |
Oceanic_Bank_Acquisition_Table
Oceanic Bank Acquisition (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Business Combinations [Abstract] | ' | ||||
Schedule of fair value of assets acquired and liabilities assumed | ' | ||||
September 21, | |||||
(Dollars in thousands) | 2012 | ||||
Assets acquired: | |||||
Cash and due from banks | $ | (1,278 | ) | ||
Investment securities, available for sale | 13,387 | ||||
Loans | 103,194 | ||||
Premises and equipment, net | 12 | ||||
Core deposit intangible | 110 | ||||
Other assets | 2,504 | ||||
Total assets acquired | $ | 117,929 | |||
Liabilities assumed: | |||||
Noninterest-bearing deposits | 11,755 | ||||
Interest-bearing deposits | 95,914 | ||||
Borrowings | 6,097 | ||||
Accrued expenses and other liabilities | 497 | ||||
Total liabilities assumed | $ | 114,263 | |||
Net assets acquired/Bargain purchase gain | $ | 3,666 | |||
Securities_AvailableforSale_Ta
Securities Available-for-Sale (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Schedule of amortized cost and carrying values of securities available-for-sale | ' | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Amortized | Unrealized | Unrealized | Carrying | |||||||||||||||||||||
cost | gains | losses | value | ||||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
U.S. Treasury securities | $ | 3,069 | $ | 12 | $ | (54 | ) | $ | 3,027 | ||||||||||||||||
Obligations of U.S. government agencies | 73,691 | 488 | (860 | ) | 73,319 | ||||||||||||||||||||
Mortgage-backed securities | 79,873 | 360 | (2,373 | ) | 77,860 | ||||||||||||||||||||
Obligations of states and political subdivisions | 82,526 | 1,467 | (1,317 | ) | 82,676 | ||||||||||||||||||||
Corporate debt | 26,958 | 330 | (182 | ) | 27,106 | ||||||||||||||||||||
$ | 266,117 | $ | 2,657 | $ | (4,786 | ) | $ | 263,988 | |||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||
U.S. Treasury securities | $ | 7,145 | $ | 135 | $ | — | $ | 7,280 | |||||||||||||||||
Obligations of U.S. government agencies | 71,061 | 1,206 | (7 | ) | 72,260 | ||||||||||||||||||||
Mortgage-backed securities | 53,934 | 1,383 | (137 | ) | 55,180 | ||||||||||||||||||||
Obligations of states and political subdivisions | 78,147 | 3,515 | (53 | ) | 81,609 | ||||||||||||||||||||
Corporate debt | 18,103 | 535 | (22 | ) | 18,616 | ||||||||||||||||||||
$ | 228,390 | $ | 6,774 | $ | (219 | ) | $ | 234,945 | |||||||||||||||||
Schedule of analysis of gross unrealized losses within available-for-sale investment securities portfolio | ' | ||||||||||||||||||||||||
Total | < 12 Months | Total | 12 Months or > | Total | Total | ||||||||||||||||||||
December 31, 2013: | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
(Dollar amounts in thousands) | Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||
U. S. Treasury securities | 2,002 | (54 | ) | — | — | 2,002 | (54 | ) | |||||||||||||||||
Obligations of U.S. government agencies | 40,108 | (860 | ) | — | — | 40,108 | (860 | ) | |||||||||||||||||
Mortgage-backed securities | 51,419 | (2,015 | ) | 5,664 | (358 | ) | 57,083 | (2,373 | ) | ||||||||||||||||
Obligations of states and political subdivisions | 33,265 | (1,248 | ) | 1,083 | (69 | ) | 34,348 | (1,317 | ) | ||||||||||||||||
Corporate debt | 10,857 | (180 | ) | 498 | (2 | ) | 11,355 | (182 | ) | ||||||||||||||||
Total | $ | 137,651 | $ | (4,357 | ) | $ | 7,245 | $ | (429 | ) | $ | 144,896 | $ | (4,786 | ) | ||||||||||
Total | < 12 Months | Total | 12 Months or > | Total | Total | ||||||||||||||||||||
December 31, 2012: | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
(Dollar amounts in thousands) | Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||
Obligations of U.S. government agencies | 4,093 | (7 | ) | — | — | 4,093 | (7 | ) | |||||||||||||||||
Mortgage-backed securities | 8,580 | (137 | ) | — | — | 8,580 | (137 | ) | |||||||||||||||||
Obligations of states and political subdivisions | 8,492 | (53 | ) | — | — | 8,492 | (53 | ) | |||||||||||||||||
Corporate debt | — | — | 478 | (22 | ) | 478 | (22 | ) | |||||||||||||||||
Total | $ | 21,165 | $ | (197 | ) | $ | 478 | $ | (22 | ) | $ | 21,643 | $ | (219 | ) | ||||||||||
Schedule of available-for-sale securities, debt maturities, basis of allocation | ' | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Amortized | Carrying | |||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
Due in one year or less | $ | 14,443 | $ | 14,569 | |||||||||||||||||||||
Due after one through five years | 96,703 | 97,184 | |||||||||||||||||||||||
Due after five years through ten years | 116,484 | 114,537 | |||||||||||||||||||||||
Due after ten years | 38,487 | 37,698 | |||||||||||||||||||||||
$ | 266,117 | $ | 263,988 |
Loans_Tables
Loans (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of summary of loans | ' | ||||||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||
FNB | Balance | ||||||||||||||||||||||||||||
Bancorp | 31-Dec | ||||||||||||||||||||||||||||
(Dollar amounts in thousands) | Originated | PNCI | PCI | 2013 | |||||||||||||||||||||||||
Commercial real estate | $ | 285,938 | $ | 37,936 | $ | 1,325 | $ | 325,199 | |||||||||||||||||||||
Real estate construction | 31,290 | 3,028 | — | 34,318 | |||||||||||||||||||||||||
Real estate multi-family | 34,357 | 11,786 | — | 46,143 | |||||||||||||||||||||||||
Real estate 1 to 4 family | 98,196 | 8,707 | — | 106,903 | |||||||||||||||||||||||||
Commercial & industrial | 38,287 | 10,217 | — | 48,504 | |||||||||||||||||||||||||
Consumer loans | 1,650 | — | — | 1,650 | |||||||||||||||||||||||||
Gross loans | 489,718 | 71,674 | 1,325 | 562,717 | |||||||||||||||||||||||||
Net deferred loan fees | (495 | ) | — | — | (495 | ) | |||||||||||||||||||||||
Allowance for loan losses | (9,869 | ) | (10 | ) | — | (9,879 | ) | ||||||||||||||||||||||
Net loans | $ | 479,354 | $ | 71,664 | $ | 1,325 | $ | 552,343 | |||||||||||||||||||||
Total | |||||||||||||||||||||||||||||
FNB | Balance | ||||||||||||||||||||||||||||
Bancorp | 31-Dec | ||||||||||||||||||||||||||||
(Dollar amounts in thousands) | Originated | PNCI | PCI | 2012 | |||||||||||||||||||||||||
Commercial real estate | $ | 254,449 | $ | 48,009 | $ | 1,402 | $ | 303,860 | |||||||||||||||||||||
Real estate construction | 14,866 | 3,594 | 486 | 18,946 | |||||||||||||||||||||||||
Real estate multi-family | 39,176 | 18,828 | — | 58,004 | |||||||||||||||||||||||||
Real estate 1 to 4 family | 97,329 | 15,390 | — | 112,719 | |||||||||||||||||||||||||
Commercial & industrial | 42,847 | 12,717 | — | 55,564 | |||||||||||||||||||||||||
Consumer loans | 1,824 | — | — | 1,824 | |||||||||||||||||||||||||
Gross loans | 450,491 | 98,538 | 1,888 | 550,917 | |||||||||||||||||||||||||
Net deferred loan fees | (230 | ) | — | — | (230 | ) | |||||||||||||||||||||||
Allowance for loan losses | (9,124 | ) | — | — | (9,124 | ) | |||||||||||||||||||||||
Net loans | $ | 441,137 | $ | 98,538 | $ | 1,888 | $ | 541,563 | |||||||||||||||||||||
Schedule of summary of changes in allowance for loan losses | ' | ||||||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||
As of and For the Year Ended December 31, 2013 | |||||||||||||||||||||||||||||
(Dollar amounts in thousands) | |||||||||||||||||||||||||||||
Real | Real | ||||||||||||||||||||||||||||
Estate | Estate | ||||||||||||||||||||||||||||
Commercial | Commercial | Real Estate | Multi | 1 to | |||||||||||||||||||||||||
& industrial | Real estate | Construction | family | 4 family | Consumer | Total | |||||||||||||||||||||||
Allowance for credit losses | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,875 | $ | 4,812 | $ | 857 | $ | — | $ | 1,516 | $ | 64 | $ | 9,124 | |||||||||||||||
Charge-offs | (57 | ) | (262 | ) | (81 | ) | — | (385 | ) | (7 | ) | (792 | ) | ||||||||||||||||
Recoveries | 73 | 35 | 50 | — | 3 | 1 | 162 | ||||||||||||||||||||||
Provision | (654 | ) | 1,178 | (92 | ) | 293 | 654 | 6 | 1,385 | ||||||||||||||||||||
Ending balance | $ | 1,237 | $ | 5,763 | $ | 734 | $ | 293 | $ | 1,788 | $ | 64 | $ | 9,879 | |||||||||||||||
Ending balance: individually evaluated for impairment | $ | 176 | $ | 165 | $ | — | $ | — | $ | 254 | $ | — | $ | 595 | |||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 1,061 | $ | 5,598 | $ | 734 | $ | 293 | $ | 1,534 | $ | 64 | $ | 9,284 | |||||||||||||||
Real | Real | ||||||||||||||||||||||||||||
Estate | Estate | ||||||||||||||||||||||||||||
Commercial | Commercial | Real Estate | Multi | 1 to | |||||||||||||||||||||||||
& industrial | Real Estate | Construction | family | 4 family | Consumer | Total | |||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 48,504 | $ | 323,874 | $ | 34,318 | $ | 46,143 | $ | 106,903 | $ | 1,650 | $ | 561,392 | |||||||||||||||
Ending balance: individually evaluated for impairment | $ | 2,497 | $ | 17,974 | $ | 189 | $ | 375 | $ | 4,077 | $ | — | $ | 25,112 | |||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 46,007 | $ | 305,900 | $ | 34,129 | $ | 46,143 | $ | 102,826 | $ | 1,650 | $ | 536,655 | |||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||
As of and For the Year Ended December 31, 2012 | |||||||||||||||||||||||||||||
(Dollar amounts in thousands) | |||||||||||||||||||||||||||||
Real | Real | ||||||||||||||||||||||||||||
Estate | Estate | ||||||||||||||||||||||||||||
Commercial | Commercial | Real Estate | Multi | 1 to | |||||||||||||||||||||||||
& industrial | Real estate | Construction | family | 4 family | Consumer | Total | |||||||||||||||||||||||
Allowance for credit losses | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,618 | $ | 4,745 | $ | 1,171 | $ | 671 | $ | 1,592 | $ | 100 | $ | 9,897 | |||||||||||||||
Charge-offs | (1,706 | ) | (738 | ) | (54 | ) | (242 | ) | (182 | ) | (11 | ) | (2,933 | ) | |||||||||||||||
Recoveries | 124 | 171 | — | — | 11 | 21 | 327 | ||||||||||||||||||||||
Provision | 1,839 | 634 | (260 | ) | (429 | ) | 95 | (46 | ) | 1,833 | |||||||||||||||||||
Ending balance | $ | 1,875 | $ | 4,812 | $ | 857 | $ | — | $ | 1,516 | $ | 64 | $ | 9,124 | |||||||||||||||
Ending balance: individually evaluated for impairment | $ | 384 | $ | 415 | $ | 232 | $ | — | $ | 306 | $ | — | $ | 1,337 | |||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 1,491 | $ | 4,397 | $ | 625 | $ | — | $ | 1,210 | $ | 64 | $ | 7,787 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 55,564 | $ | 302,458 | $ | 18,460 | $ | 58,004 | $ | 112,719 | $ | 1,824 | $ | 549,029 | |||||||||||||||
Ending balance: individually evaluated for impairment | $ | 4,167 | $ | 16,099 | $ | 681 | $ | — | $ | 4,771 | $ | — | $ | 25,718 | |||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 51,397 | $ | 286,359 | $ | 18,460 | $ | 58,004 | $ | 107,948 | $ | 1,824 | $ | 523,992 | |||||||||||||||
Schedule of summary of impaired loans | ' | ||||||||||||||||||||||||||||
As of and for the year ended December 31, 2013 | |||||||||||||||||||||||||||||
Unpaid | Average | ||||||||||||||||||||||||||||
(Dollar amounts in thousands) | Recorded | Principal | Related | Recorded | Income | ||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Recognized | |||||||||||||||||||||||||
With no related allowance recorded | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,059 | $ | 1,232 | $ | — | $ | 1,204 | $ | 66 | |||||||||||||||||||
Commercial real estate construction | — | — | — | — | — | ||||||||||||||||||||||||
Commercial real estate | 12,397 | 13,535 | — | 11,445 | 565 | ||||||||||||||||||||||||
Real estate multi family | 375 | 375 | — | 384 | 25 | ||||||||||||||||||||||||
Residential- 1 to 4 family | 1,163 | 1,284 | — | 1,009 | 37 | ||||||||||||||||||||||||
Total | 14,994 | 16,426 | — | 14,042 | 693 | ||||||||||||||||||||||||
With an allowance recorded | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,438 | $ | 1,871 | $ | 166 | $ | 1,710 | $ | 15 | |||||||||||||||||||
Commercial real estate construction | 189 | 196 | 10 | 198 | 18 | ||||||||||||||||||||||||
Commercial real estate | 5,577 | 5,588 | 165 | 4,972 | 254 | ||||||||||||||||||||||||
Residential- 1 to 4 family | 2,914 | 2,923 | 254 | 2,989 | 115 | ||||||||||||||||||||||||
Total | 10,118 | 10,578 | 595 | 9,869 | 402 | ||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 2,497 | $ | 3,103 | $ | 166 | $ | 2,914 | $ | 81 | |||||||||||||||||||
Commercial real estate construction | 189 | 196 | 10 | 198 | 18 | ||||||||||||||||||||||||
Commercial real estate | 17,974 | 19,123 | 165 | 16,417 | 819 | ||||||||||||||||||||||||
Real estate multi family | 375 | 375 | — | 384 | 25 | ||||||||||||||||||||||||
Residential - 1 to 4 family | 4,077 | 4,207 | 254 | 3,998 | 152 | ||||||||||||||||||||||||
Grand total | $ | 25,112 | $ | 27,004 | $ | 595 | $ | 23,911 | $ | 1,095 | |||||||||||||||||||
As of and for the year ended December 31, 2012 | |||||||||||||||||||||||||||||
Unpaid | Average | ||||||||||||||||||||||||||||
(Dollar amounts in thousands) | Recorded | Principal | Related | Recorded | Income | ||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Recognized | |||||||||||||||||||||||||
With no related allowance recorded | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 2,202 | $ | 2,338 | $ | — | $ | 2,298 | $ | 120 | |||||||||||||||||||
Commercial real estate construction | — | — | — | 6,187 | 333 | ||||||||||||||||||||||||
Commercial real estate | 10,666 | 11,580 | — | 4,874 | 86 | ||||||||||||||||||||||||
Residential- 1 to 4 family | 1,052 | 1,147 | — | 1,065 | 55 | ||||||||||||||||||||||||
Total | 13,920 | 15,065 | — | 14,424 | 594 | ||||||||||||||||||||||||
With an allowance recorded | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,965 | $ | 2,427 | $ | 384 | $ | 2,328 | $ | 30 | |||||||||||||||||||
Commercial real estate construction | 681 | 798 | 232 | 798 | 4 | ||||||||||||||||||||||||
Commercial real estate | 5,433 | 5,433 | 415 | 5,685 | 240 | ||||||||||||||||||||||||
Residential- 1 to 4 family | 3,719 | 3,722 | 306 | 3,283 | 150 | ||||||||||||||||||||||||
Total | 11,798 | 12,380 | 1,337 | 12,094 | 424 | ||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 4,167 | $ | 4,765 | $ | 384 | $ | 4,626 | $ | 150 | |||||||||||||||||||
Commercial real estate construction | 681 | 798 | 232 | 6,985 | 337 | ||||||||||||||||||||||||
Commercial real estate | 16,099 | 17,013 | 415 | 10,559 | 326 | ||||||||||||||||||||||||
Residential - 1 to 4 family | 4,771 | 4,869 | 306 | 4,348 | 205 | ||||||||||||||||||||||||
Grand total | $ | 25,718 | $ | 27,445 | $ | 1,337 | $ | 26,518 | $ | 1,018 | |||||||||||||||||||
Schedule of contractual provisions of non-accrual loans | ' | ||||||||||||||||||||||||||||
Loans on Nonaccrual Status as of | |||||||||||||||||||||||||||||
(Dollar amounts in thousands) | December 31, | December 31, | |||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Commercial & industrial | $ | 2,046 | $ | 2,618 | |||||||||||||||||||||||||
Real estate - construction | 189 | 1,898 | |||||||||||||||||||||||||||
Commercial real estate | 4,290 | 6,251 | |||||||||||||||||||||||||||
Real estate 1 to 4 family | 826 | 1,707 | |||||||||||||||||||||||||||
Total | $ | 7,351 | $ | 12,474 | |||||||||||||||||||||||||
Schedule of summary of number and principal amounts outstanding for troubled debt restructurings | ' | ||||||||||||||||||||||||||||
Modifications | |||||||||||||||||||||||||||||
For the Year Ended December 31, 2013 | |||||||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Outstanding | Outstanding | ||||||||||||||||||||||||||||
Number of | Recorded | Recorded | |||||||||||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||||||||||
(Dollar amounts in thousands) | |||||||||||||||||||||||||||||
Real Estate-construction | 1 | $ | 189 | $ | 189 | ||||||||||||||||||||||||
Real estate 1 to 4 family | 3 | 1,236 | 1,236 | ||||||||||||||||||||||||||
Commercial real estate | 6 | 4,566 | 4,566 | ||||||||||||||||||||||||||
Total | 10 | $ | 5,991 | $ | 5,991 | ||||||||||||||||||||||||
Modifications | |||||||||||||||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Outstanding | Outstanding | ||||||||||||||||||||||||||||
Number of | Recorded | Recorded | |||||||||||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||||||||||
(Dollar amounts in thousands) | |||||||||||||||||||||||||||||
Commercial & industrial | 7 | $ | 2,723 | $ | 2,723 | ||||||||||||||||||||||||
Real estate 1 to 4 family | 3 | 1,446 | 1,446 | ||||||||||||||||||||||||||
Commercial real estate | 3 | 1,409 | 1,409 | ||||||||||||||||||||||||||
Total | 13 | $ | 5,578 | $ | 5,578 | ||||||||||||||||||||||||
Schedule of summary of number and principal amounts outstanding for troubled debt restructurings | ' | ||||||||||||||||||||||||||||
Total troubled debt restructurings outstanding at year end | |||||||||||||||||||||||||||||
(dollars in thousands) | 31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||||||
Non- | Non- | ||||||||||||||||||||||||||||
Accrual | accrual | Total | Accrual | accrual | Total | ||||||||||||||||||||||||
status | status | modifications | status | status | modifications | ||||||||||||||||||||||||
Commercial & industrial | $ | 461 | $ | 1,951 | $ | 2,412 | $ | 1,216 | $ | 2,308 | $ | 3,524 | |||||||||||||||||
Real Estate construction | — | 189 | 189 | — | — | — | |||||||||||||||||||||||
Real estate 1 to 4 family | 2,121 | 529 | 2,650 | 333 | 1,113 | 1,446 | |||||||||||||||||||||||
Commercial real estate | 6,315 | 2,140 | 8,455 | 2,614 | 1,981 | 4,595 | |||||||||||||||||||||||
Total | $ | 8,897 | $ | 4,809 | $ | 13,706 | $ | 4,163 | $ | 5,402 | $ | 9,565 | |||||||||||||||||
Schedule of age analysis of past due loans | ' | ||||||||||||||||||||||||||||
Age Analysis of Past Due Loans | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
(Dollar amounts in thousands) | |||||||||||||||||||||||||||||
30-59 | 60-89 | Recorded | |||||||||||||||||||||||||||
Days | Days | Over | Total | Investment > | |||||||||||||||||||||||||
Past | Past | 90 | Past | Total | 90 Days and | ||||||||||||||||||||||||
Originated | Due | Due | Days | Due | Current | Loans | Accruing | ||||||||||||||||||||||
Commercial real estate | $ | 1,403 | $ | — | $ | 2,349 | $ | 3,752 | $ | 282,186 | $ | 285,938 | — | ||||||||||||||||
Real estate construction | — | — | — | — | 31,290 | 31,290 | — | ||||||||||||||||||||||
Real estate multi family | — | — | — | — | 34,357 | 34,357 | |||||||||||||||||||||||
Real estate 1 to 4 family | 161 | 75 | 826 | 1,062 | 97,134 | 98,196 | — | ||||||||||||||||||||||
Commercial & industrial | 563 | 210 | 2,046 | 2,819 | 35,468 | 38,287 | |||||||||||||||||||||||
Consumer | 116 | 19 | — | 135 | 1,515 | 1,650 | — | ||||||||||||||||||||||
Total | $ | 2,243 | $ | 304 | $ | 5,221 | $ | 7,768 | $ | 481,950 | $ | 489,718 | $ | — | |||||||||||||||
Purchased | |||||||||||||||||||||||||||||
Not credit impaired | |||||||||||||||||||||||||||||
Commercial real estate | $ | — | $ | — | $ | 616 | $ | 616 | $ | 37,320 | $ | 37,936 | |||||||||||||||||
Real estate construction | — | — | 189 | 189 | 2,839 | 3,028 | |||||||||||||||||||||||
Real estate multi-family | — | — | — | — | 11,786 | 11,786 | |||||||||||||||||||||||
Real estate 1 to 4 family | — | — | — | — | 8,707 | 8,707 | |||||||||||||||||||||||
Commercial & industrial | — | — | — | — | 10,217 | 10,217 | |||||||||||||||||||||||
Total | $ | — | $ | — | $ | 805 | $ | 805 | $ | 70,869 | $ | 71,674 | |||||||||||||||||
Purchased | |||||||||||||||||||||||||||||
Credit impaired | |||||||||||||||||||||||||||||
Commercial real estate | $ | — | $ | — | $ | 1,325 | $ | 1,325 | $ | — | $ | 1,325 | |||||||||||||||||
Real estate construction | — | — | — | — | — | — | |||||||||||||||||||||||
Real estate multi-family | — | — | — | — | — | — | |||||||||||||||||||||||
Real estate 1 to 4 family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial & industrial | — | — | — | — | — | — | |||||||||||||||||||||||
Total | $ | — | $ | — | $ | 1,325 | $ | 1,325 | $ | — | $ | 1,325 | |||||||||||||||||
Age Analysis of Past Due Loans | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||
(Dollar amounts in thousands) | |||||||||||||||||||||||||||||
30-59 | 60-89 | Recorded | |||||||||||||||||||||||||||
Days | Days | Over | Total | Investment > | |||||||||||||||||||||||||
Past | Past | 90 | Past | Total | 90 Days and | ||||||||||||||||||||||||
Originated | Due | Due | Days | Due | Current | Loans | Accruing | ||||||||||||||||||||||
Commercial real estate | $ | 3,942 | — | 2,525 | 6,467 | 247,982 | 254,449 | — | |||||||||||||||||||||
Real estate construction | — | — | — | — | 14,866 | 14,866 | — | ||||||||||||||||||||||
Real estate multi family | — | — | — | — | 39,176 | 39,176 | — | ||||||||||||||||||||||
Real estate 1 to 4 family | 806 | 168 | 1,210 | 2,184 | 95,145 | 97,329 | — | ||||||||||||||||||||||
Commercial & industrial | 18 | 44 | 2,619 | 2,681 | 40,166 | 42,847 | — | ||||||||||||||||||||||
Consumer | — | — | — | — | 1,824 | 1,824 | — | ||||||||||||||||||||||
Total | $ | 4,766 | $ | 212 | $ | 6,354 | $ | 11,332 | $ | 439,159 | $ | 450,491 | $ | — | |||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Investment > | |||||||||||||||||||||||||||||
Purchased | 90 Days and | ||||||||||||||||||||||||||||
Not credit impaired | Accruing | ||||||||||||||||||||||||||||
Commercial real estate | $ | 690 | $ | — | $ | 2,212 | $ | 2,902 | $ | 45,107 | $ | 48,009 | — | ||||||||||||||||
Real estate construction | — | — | 1,411 | 1,411 | 2,183 | 3,594 | — | ||||||||||||||||||||||
Real estate multi-family | 75 | — | — | 75 | 18,753 | 18,828 | — | ||||||||||||||||||||||
Real estate 1 to 4 family | — | 119 | — | 119 | 15,271 | 15,390 | — | ||||||||||||||||||||||
Commercial & industrial | 50 | — | — | 50 | 12,667 | 12,717 | — | ||||||||||||||||||||||
Total | $ | 815 | $ | 119 | $ | 3,623 | $ | 4,557 | $ | 93,981 | $ | 98,538 | $ | — | |||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Investment > | |||||||||||||||||||||||||||||
Purchased | 90 Days and | ||||||||||||||||||||||||||||
Credit impaired | Accruing | ||||||||||||||||||||||||||||
Commercial real estate | $ | — | $ | — | $ | 1402 | $ | 1402 | $ | — | $ | 1,402 | — | ||||||||||||||||
Real estate construction | — | — | 486 | 486 | — | 486 | — | ||||||||||||||||||||||
Total | $ | — | $ | — | $ | 1,888 | $ | 1,888 | $ | — | $ | 1,888 | $ | — | |||||||||||||||
Schedule of financing receivable credit quality indicators | ' | ||||||||||||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
(Dollar amounts in thousands) | |||||||||||||||||||||||||||||
Special | Sub- | Total | |||||||||||||||||||||||||||
Originated | Pass | mention | standard | Doubtful | loans | ||||||||||||||||||||||||
Commercial real estate | $ | 280,356 | $ | 2,330 | $ | 3,252 | $ | — | $ | 285,938 | |||||||||||||||||||
Real estate construction | 29,673 | 573 | 1,044 | — | 31,290 | ||||||||||||||||||||||||
Real estate multi-family | 34,357 | — | — | — | 34,357 | ||||||||||||||||||||||||
Real estate 1 to 4 family | 97,514 | — | 429 | 253 | 98,196 | ||||||||||||||||||||||||
Commercial & industrial | 36,837 | — | 1,439 | 11 | 38,287 | ||||||||||||||||||||||||
Consumer loans | 1,631 | — | 19 | — | 1,650 | ||||||||||||||||||||||||
Totals | $ | 480,368 | $ | 2,903 | $ | 6,183 | $ | 264 | $ | 489,718 | |||||||||||||||||||
Purchased | |||||||||||||||||||||||||||||
Not credit impaired | |||||||||||||||||||||||||||||
Commercial real estate | $ | 28,342 | $ | 4,951 | $ | 4,643 | $ | — | $ | 37,936 | |||||||||||||||||||
Real estate construction | 1,520 | — | 1,508 | — | 3,028 | ||||||||||||||||||||||||
Real estate multi-family | 11,786 | — | — | — | 11,786 | ||||||||||||||||||||||||
Real estate 1 to 4 family | 8,299 | — | 408 | — | 8,707 | ||||||||||||||||||||||||
Commercial & industrial | 10,217 | — | — | — | 10,217 | ||||||||||||||||||||||||
Total | $ | 60,164 | $ | 4,951 | $ | 6,559 | $ | — | $ | 71,674 | |||||||||||||||||||
Purchased | |||||||||||||||||||||||||||||
Credit impaired | |||||||||||||||||||||||||||||
Commercial real estate | $ | 1,325 | |||||||||||||||||||||||||||
Total | $ | 1,325 | |||||||||||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||
(Dollar amounts in thousands) | |||||||||||||||||||||||||||||
Special | Sub- | Total | |||||||||||||||||||||||||||
Originated | Pass | mention | standard | Doubtful | loans | ||||||||||||||||||||||||
Commercial real estate | $ | 249,991 | $ | 2,372 | $ | 2,086 | $ | — | $ | 254,449 | |||||||||||||||||||
Real estate construction | 13,266 | — | 1,600 | — | 14,866 | ||||||||||||||||||||||||
Real estate multi-family | 39,176 | — | — | — | 39,176 | ||||||||||||||||||||||||
Real estate 1 to 4 family | 95,579 | — | 1,470 | 280 | 97,329 | ||||||||||||||||||||||||
Commercial & industrial | 39,446 | — | 2,564 | 837 | 42,847 | ||||||||||||||||||||||||
Consumer loans | 1,824 | — | — | — | 1,824 | ||||||||||||||||||||||||
Totals | $ | 439,282 | $ | 2,372 | $ | 7,720 | $ | 1,117 | $ | 450,491 | |||||||||||||||||||
Purchased | |||||||||||||||||||||||||||||
Not credit impaired | |||||||||||||||||||||||||||||
Commercial real estate | $ | 30,600 | $ | 7,902 | $ | 9,507 | $ | — | $ | 48,009 | |||||||||||||||||||
Real estate construction | — | 39 | 3,555 | — | 3,594 | ||||||||||||||||||||||||
Real estate multi-family | 18,828 | — | — | — | 18,828 | ||||||||||||||||||||||||
Real estate 1 to 4 family | 14,850 | — | 540 | — | 15,390 | ||||||||||||||||||||||||
Commercial & industrial | 12,717 | — | — | — | 12,717 | ||||||||||||||||||||||||
Total | $ | 76,995 | $ | 7,941 | $ | 13,602 | $ | — | $ | 98,538 | |||||||||||||||||||
Purchased | |||||||||||||||||||||||||||||
Credit impaired | |||||||||||||||||||||||||||||
Commercial real estate | $ | 1,402 | |||||||||||||||||||||||||||
Real estate construction | 486 | ||||||||||||||||||||||||||||
Total | $ | 1,888 |
Foreclosed_Assets_Tables
Foreclosed Assets (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Finance Loan And Lease Receivables Held For Investments Foreclosed Assets [Abstract] | ' | ||||||||||||
Schedule of activity of foreclosed assets | ' | ||||||||||||
Year ended December 31, | |||||||||||||
(Dollar amounts in thousands) | 2013 | 2012 | 2011 | ||||||||||
Beginning balance, net | $ | 6,650 | $ | 2,747 | $ | 6,680 | |||||||
Additions/transfers from loans | 25 | 4,894 | 622 | ||||||||||
Disposition/sales | (1,288 | ) | (932 | ) | (4,012 | ) | |||||||
Valuation adjustments | (69 | ) | (59 | ) | (543 | ) | |||||||
Ending balance, net | $ | 5,318 | $ | 6,650 | $ | 2,747 | |||||||
Ending valuation allowance | $ | (122 | ) | $ | (1,965 | ) | $ | (2,041 | ) | ||||
Ending number of foreclosed assets | 4 | 5 | 4 | ||||||||||
Proceeds from sale of foreclosed assets | $ | 1,288 | $ | 932 | $ | 4,078 | |||||||
Gain on sale of foreclosed assets | $ | 96 | $ | 6 | $ | 66 |
Related_Party_Transactions_Tab
Related Party Transactions (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Related Party Transactions [Abstract] | ' | ||||||||
Schedule of activities of loans | ' | ||||||||
(Dollar amounts in thousands) | 2013 | 2012 | |||||||
Balance, beginning of year | $ | 10,225 | $ | 21,573 | |||||
Additions | 6,990 | 6,358 | |||||||
Repayments | (6,133 | ) | (17,706 | ) | |||||
Balance, end of year | $ | 11,082 | $ | 10,225 | |||||
2013 | 2012 | ||||||||
Related party deposits | $ | 3,491 | $ | 2,682 |
Bank_Premises_Equipment_and_Le1
Bank Premises, Equipment, and Leasehold Improvements (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Schedule of bank premises, equipment and leasehold improvements | ' | ||||||||
(Dollar amounts in thousands) | 2013 | 2012 | |||||||
Buildings | $ | 10,460 | $ | 10,453 | |||||
Equipment & furniture | 8,722 | 9,543 | |||||||
Leasehold improvements | 1,714 | 1,519 | |||||||
20,896 | 21,515 | ||||||||
Accumulated depreciation and amortization | (13,712 | ) | (14,137 | ) | |||||
7,184 | 7,378 | ||||||||
Land | 5,328 | 5,328 | |||||||
$ | 12,512 | $ | 12,706 |
Deposits_Tables
Deposits (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Debt Disclosure Text Block [Abstract] | ' | ||||
Schedule of maturities of all time certificates of deposit | ' | ||||
Year ending December 31: | |||||
(Dollar amounts in thousands) | |||||
2014 | $ | 96,881 | |||
2015 | 12,946 | ||||
2016 | 10,745 | ||||
2017 | 3,462 | ||||
2018 | 118 | ||||
$ | 124,152 |
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||
Schedule of minimum rental commitments under operating leases | ' | ||||
Year ending December 31: | |||||
(Dollars in thousands) | |||||
2014 | $ | 971 | |||
2015 | 990 | ||||
2016 | 1,010 | ||||
2017 | 1,021 | ||||
2018 | 556 | ||||
Thereafter | 1,510 | ||||
$ | 6,058 |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Schedule of provision (benefit) for income taxes | ' | ||||||||||||
(Dollar amounts in thousands) | 2013 | 2012 | 2011 | ||||||||||
Current: | |||||||||||||
Federal | $ | 697 | $ | 467 | $ | 1,201 | |||||||
State | 287 | 1,449 | 675 | ||||||||||
$ | 984 | $ | 1,916 | $ | 1,876 | ||||||||
Deferred: | |||||||||||||
Federal | $ | 197 | $ | 420 | $ | (75 | ) | ||||||
State | 144 | (691 | ) | (233 | ) | ||||||||
341 | (271 | ) | (308 | ) | |||||||||
Total provision for taxes | $ | 1,325 | $ | 1,645 | $ | 1,568 | |||||||
Schedule of differences between statutory federal income tax rate and effective tax rates | ' | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
Statutory rates | 34 | % | 34 | % | 34 | % | |||||||
Increase (decrease) resulting from: | |||||||||||||
Tax exempt Income for federal purposes | -9.1 | % | -9 | % | -11.3 | % | |||||||
State taxes on income, net of federal benefit | 3.3 | % | 4.1 | % | 5 | % | |||||||
Benefits from low income housing credits | -1 | % | -0.9 | % | -4.8 | % | |||||||
Tax benefits related to an acquisition | — | -13.5 | % | — | |||||||||
True-up of prior year provision | -4.3 | % | — | — | |||||||||
Increase in the valuation reserve | -9.9 | % | 0.8 | % | — | ||||||||
Other, net | 2.1 | % | 0.2 | % | 4.1 | % | |||||||
Effective tax rate | 15.1 | % | 15.7 | % | 27 | % | |||||||
Schedule of bank's net deferred tax asset | ' | ||||||||||||
December 31, | |||||||||||||
(Dollar amounts in thousands) | 2013 | 2012 | 2011 | ||||||||||
Deferred tax assets | |||||||||||||
Allowance for loan losses | $ | 4,449 | $ | 4,081 | $ | 4,378 | |||||||
Accrued salaries and officers compensation | 1,492 | 1,276 | 1,399 | ||||||||||
Capitalized interest on buildings | 11 | 14 | — | ||||||||||
Expenses accrued on books, not yet deductible in tax return | 1,480 | 2,065 | 2,039 | ||||||||||
Depreciation | 405 | 501 | 565 | ||||||||||
Net operating loss carryforward | 89 | 334 | 408 | ||||||||||
Tax credit carryforwards | 878 | 1,185 | 820 | ||||||||||
Acquisition accounting differences | 885 | 1,620 | — | ||||||||||
Unrealized depreciation on available-for-sale securities | 876 | — | — | ||||||||||
10,565 | 11,076 | 9,609 | |||||||||||
Deferred tax liabilities | |||||||||||||
Unrealized appreciation on available-for-sale securities | $ | — | $ | 2,698 | $ | 2,283 | |||||||
State income taxes | 668 | 766 | 668 | ||||||||||
Core deposit intangible | 61 | 91 | 87 | ||||||||||
Expenses and credits deducted on tax return, not on books | 122 | 99 | 98 | ||||||||||
Total deferred tax liabilities | 851 | 3,654 | 3,136 | ||||||||||
Net deferred tax asset before valuation allowance | 9,714 | 7,422 | 6,473 | ||||||||||
Valuation allowance | — | (934 | ) | (820 | ) | ||||||||
Net deferred tax assets (included in other assets) | $ | 9,714 | $ | 6,488 | 5,653 |
Financial_Instruments_Tables
Financial Instruments (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Financial Instruments Disclosure [Abstract] | ' | ||||||||
Schedule of financial instruments with credit risk | ' | ||||||||
(Dollars amounts in thousands) | 31-Dec | ||||||||
2013 | 2012 | ||||||||
Financial instruments whose contract amounts represent credit risk: | |||||||||
Undisbursed loan commitments | $ | 52,398 | $ | 32,529 | |||||
Lines of credit | 65,120 | 62,616 | |||||||
Mastercard/Visa lines | 5,992 | 4,998 | |||||||
Letters of credit | 6,199 | 2,409 | |||||||
$ | 129,709 | $ | 102,552 |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Schedule of assets and liabilities measured at fair value on a recurring basis | ' | ||||||||||||||||||||
Fair Value Measurements | |||||||||||||||||||||
(Dollar amounts in thousands) | at December 31, 2013, Using | ||||||||||||||||||||
Quoted Prices | |||||||||||||||||||||
in Active | |||||||||||||||||||||
Markets | Other | Significant | |||||||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||||||
Fair Value | Assets | Inputs | Inputs | ||||||||||||||||||
Description | 12/31/13 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
U. S. Treasury securities | $ | 3,027 | $ | 3,027 | $ | — | $ | — | |||||||||||||
Obligations of U.S. Government agencies | 73,319 | — | 73,319 | — | |||||||||||||||||
Mortgage-backed securities | 77,860 | — | 77,860 | — | |||||||||||||||||
Obligations of states and political subdivisions | 82,676 | — | 82,676 | — | |||||||||||||||||
Corporate debt | 27,106 | — | 27,106 | — | |||||||||||||||||
Total assets measured at fair value | $ | 263,988 | $ | 3,027 | $ | 260,961 | $ | — | |||||||||||||
Fair Value Measurements | |||||||||||||||||||||
(Dollar amounts in thousands) | at December 31, 2012, Using | ||||||||||||||||||||
Quoted Prices | |||||||||||||||||||||
in Active | |||||||||||||||||||||
Markets | Other | Significant | |||||||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||||||
Fair Value | Assets | Inputs | Inputs | ||||||||||||||||||
Description | 12/31/12 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
U. S. Treasury securities | $ | 7,280 | $ | 7,280 | $ | — | $ | — | |||||||||||||
Obligations of U.S. Government agencies | 72,260 | — | 72,260 | — | |||||||||||||||||
Mortgage-backed securities | 55,180 | — | 55,180 | — | |||||||||||||||||
Obligations of states and political subdivisions | 81,609 | — | 81,609 | — | |||||||||||||||||
Corporate debt | 18,616 | — | 18,616 | — | |||||||||||||||||
Total assets measured at fair value | $ | 234,945 | $ | 7,280 | $ | 227,665 | $ | — | |||||||||||||
Schedule of assets measured at fair value on a non-recurring basis | ' | ||||||||||||||||||||
Fair Value Measurements | |||||||||||||||||||||
(Dollar amounts in thousands) | at December 31, 2013, Using | ||||||||||||||||||||
Quoted Prices in | |||||||||||||||||||||
Active Markets | Other | Significant | |||||||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||||||
Fair Value | Assets | Inputs | Inputs | ||||||||||||||||||
Description | 12/31/13 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
Impaired loans | $ | 4,810 | $ | — | $ | — | $ | 4,810 | |||||||||||||
Other real estate owned | 1,771 | — | — | 1,771 | |||||||||||||||||
Total impaired assets measured at fair value | $ | 6,581 | $ | — | $ | — | $ | 6,581 | |||||||||||||
Fair Value Measurements | |||||||||||||||||||||
(Dollar amounts in thousands) | at December 31, 2012, Using | ||||||||||||||||||||
Quoted Prices in | |||||||||||||||||||||
Active Markets | Other | Significant | |||||||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||||||
Fair Value | Assets | Inputs | Inputs | ||||||||||||||||||
Description | 12/31/12 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
Impaired loans | $ | 2,494 | $ | — | $ | — | $ | 2,494 | |||||||||||||
Other real estate owned | 4,710 | — | — | 4,710 | |||||||||||||||||
Total impaired assets measured at fair value | $ | 7,204 | $ | — | $ | — | $ | 7,204 | |||||||||||||
Schedule of summary information on estimated fair value of financial instruments | ' | ||||||||||||||||||||
31-Dec-13 | Carrying | Fair | Fair value measurements | ||||||||||||||||||
(Dollar amounts in thousands) | amount | value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 14,007 | $ | 14,007 | $ | 14,007 | |||||||||||||||
Interest-bearing time deposits with financial institutions | $ | 5,543 | $ | 5,543 | $ | 5,543 | |||||||||||||||
Securities available for sale | $ | 263,988 | $ | 263,988 | $ | 3,027 | $ | 260,961 | |||||||||||||
Loans | $ | 562,717 | $ | 563,325 | $ | 563,325 | |||||||||||||||
Other equity securities | $ | 5,300 | $ | 5,300 | $ | 5,300 | |||||||||||||||
Accrued interest receivable | $ | 3,808 | $ | 3,808 | $ | 3,808 | |||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | 773,615 | $ | 774,012 | $ | 774,012 | |||||||||||||||
Federal Home Loan Bank advances | $ | 15,000 | $ | 15,000 | $ | 15,000 | |||||||||||||||
Accrued interest payable | $ | 224 | $ | 224 | $ | 224 | |||||||||||||||
Off-balance-sheet liabilities: | |||||||||||||||||||||
Undisbursed loan commitments, lines of credit, standby letters of credit and Mastercard lines of credit | — | $ | 1,297 | $ | 1,297 | ||||||||||||||||
31-Dec-12 | Carrying | Fair | Fair value measurements | ||||||||||||||||||
(Dollar amounts in thousands) | amount | value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 27,861 | $ | 27,861 | $ | 27,861 | |||||||||||||||
Interest-bearing time deposits with financial institutions | $ | 13,216 | $ | 13,216 | $ | 13,216 | |||||||||||||||
Securities available for sale | $ | 234,945 | $ | 234,945 | $ | 7,280 | $ | 227,665 | |||||||||||||
Loans | $ | 550,917 | $ | 547,740 | $ | 547,740 | |||||||||||||||
Other equity securities | $ | 5,464 | $ | 5,464 | $ | 5,464 | |||||||||||||||
Accrued interest receivable | $ | 3,760 | $ | 3,760 | $ | 3,760 | |||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | 768,352 | $ | 769,043 | $ | 769,043 | |||||||||||||||
Federal Home Loan Bank advances | $ | 1,220 | $ | 1,221 | $ | 1,221 | |||||||||||||||
Accrued interest payable | $ | 349 | $ | 349 | $ | 349 | |||||||||||||||
Off-balance-sheet liabilities: | |||||||||||||||||||||
Undisbursed loan commitments, lines of credit, standby letters of credit and Mastercard lines of credit | — | $ | 1,026 | $ | 1,026 |
Regulatory_Matters_Tables
Regulatory Matters (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Regulatory Matters Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Schedule of consolidated actual capital amounts and ratios | ' | ||||||||||||||||||||||||
December 31, 2013: | To be well | ||||||||||||||||||||||||
For capital | capitalized under | ||||||||||||||||||||||||
adequacy | prompt corrective | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Actual | purposes | action provisions | ||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
Total risk-based capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated Company | $ | 97,491 | 14.3 | % | $ | 5,454,042 | ≥ | 8 | % | $ | 68,164 | ≥ | n/a | ||||||||||||
Bank | $ | 96,247 | 14.12 | % | $ | 52,883 | ≥ | 8 | % | $ | 68,164 | ≥ | 10 | % | |||||||||||
Tier 1 capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated Company | $ | 88,949 | 13.05 | % | $ | 2,726,406 | ≥ | 4 | % | $ | 40,920 | ≥ | n/a | ||||||||||||
Bank | $ | 87,705 | 12.86 | % | $ | 26,358 | ≥ | 4 | % | $ | 40,920 | ≥ | 6 | % | |||||||||||
Tier 1 leverage capital (to total average assets) | |||||||||||||||||||||||||
Consolidated Company | $ | 88,949 | 9.81 | % | $ | 3,626,871 | ≥ | 4 | % | $ | 45,349 | ≥ | n/a | ||||||||||||
Bank | $ | 87,705 | 9.67 | % | $ | 3,627,921 | ≥ | 4 | % | $ | 45,349 | ≥ | 5 | % | |||||||||||
December 31, 2012: | To be well | ||||||||||||||||||||||||
For capital | capitalized under | ||||||||||||||||||||||||
adequacy | prompt corrective | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Actual | purposes | action provisions | ||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
Total risk-based capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated Company | $ | 94,556 | 14.65 | % | $ | 5,163,468 | ≥ | 8 | % | $ | 64,537 | ≥ | n/a | ||||||||||||
Bank | $ | 93,966 | 14.56 | % | $ | 51,630 | ≥ | 8 | % | $ | 64,537 | ≥ | 10 | % | |||||||||||
Tier 1 capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated Company | $ | 86,476 | 13.4 | % | $ | 2,581,373 | ≥ | 4 | % | $ | 38,716 | ≥ | n/a | ||||||||||||
Bank | $ | 85,886 | 13.31 | % | $ | 25,811 | ≥ | 4 | % | $ | 38,716 | ≥ | 6 | % | |||||||||||
Tier 1 leverage capital (to total average assets) | |||||||||||||||||||||||||
Consolidated Company | $ | 86,476 | 9.75 | % | $ | 3,547,733 | ≥ | 4 | % | $ | 44,363 | ≥ | n/a | ||||||||||||
Bank | $ | 85,886 | 9.68 | % | $ | 3,549,008 | ≥ | 4 | % | $ | 44,363 | ≥ | 5 | % |
Stock_Option_Plans_Tables
Stock Option Plans (Tables) (FNB Bancorp Plan 2008) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
FNB Bancorp Plan 2008 | ' | ||||||||||||||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | ' | ||||||||||||||||
Schedule of option activity under FNB Bancorp Plan | ' | ||||||||||||||||
Weighted- | |||||||||||||||||
Average | |||||||||||||||||
2008 FNB Bancorp Plan | Weighted | Remaining | Aggregate | ||||||||||||||
Average | Contractual | Intrinsic | |||||||||||||||
Exercise | Term | Value | |||||||||||||||
Options | Shares | Price | (in years) | 0 | |||||||||||||
Outstanding at January 1, 2013 | 216,800 | $ | 8.76 | ||||||||||||||
Granted | 136,704 | $ | 22.86 | ||||||||||||||
Exercised | (51,914 | ) | $ | 8.27 | $ | 637 | |||||||||||
Forfeited or expired | — | — | |||||||||||||||
Outstanding at December 31, 2013 | 301,590 | $ | 15.23 | 7.7 | $ | 3,851 | |||||||||||
Exercisable at December 31, 2013 | 130,230 | $ | 10.57 | 6.3 | $ | 2,270 | |||||||||||
Weighted- | |||||||||||||||||
Average | |||||||||||||||||
2002 FNB Bancorp Plan | Weighted | Remaining | Aggregate | ||||||||||||||
Average | Contractual | Intrinsic | |||||||||||||||
Exercise | Term | Value | |||||||||||||||
Options | Shares | Price | (in years) | 0 | |||||||||||||
Outstanding at January 1, 2013 | 220,010 | $ | 20.11 | ||||||||||||||
Granted | — | — | |||||||||||||||
Exercised | (52,630 | ) | $ | 15.87 | |||||||||||||
Forfeited or expired | (2,653 | ) | $ | 14.62 | |||||||||||||
Outstanding at December 31, 2013 | 164,727 | $ | 21.56 | 1.9 | $ | 1,061 | |||||||||||
Exercisable at December 31, 2013 | 164,727 | $ | 21.56 | 1.9 | $ | 1,061 | |||||||||||
Weighted- | |||||||||||||||||
Average | |||||||||||||||||
1997 First National Bank Plan | Weighted | Remaining | Aggregate | ||||||||||||||
Average | Contractual | Intrinsic | |||||||||||||||
Exercise | Term | Value | |||||||||||||||
Options | Shares | Price | (in years) | 0 | |||||||||||||
Outstanding at January 1, 2013 | 30,112 | $ | 21.68 | ||||||||||||||
Granted | — | — | |||||||||||||||
Exercised | — | — | |||||||||||||||
Forfeited or expired | — | — | |||||||||||||||
Outstanding at December 31, 2013 | 30,112 | $ | 21.68 | 3.5 | $ | 190 | |||||||||||
Exercisable at December 31, 2013 | 30,112 | $ | 21.68 | 3.5 | $ | 190 | |||||||||||
Schedule of supplemental information | ' | ||||||||||||||||
2008 FNB Bancorp Plan | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Options outstanding | 301,590 | 216,800 | 232,019 | ||||||||||||||
Range of exercise prices | $ | 6.14-$26.60 | $ | 6.14-$11.83 | $ | 6.14-$11.83 | |||||||||||
Weighted average remaining contractual life | 7.7 | 7 | 8 | ||||||||||||||
Fully vested options | 130,230 | 120,609 | 94,228 | ||||||||||||||
Weighted average exercise price | $ | 10.57 | $ | 8.18 | $ | 7.93 | |||||||||||
Aggregate intrinsic value | $ | 2,270,122 | $ | 1,144,601 | $ | 292,526 | |||||||||||
Weighted average remaining contractual life (in years) | 6.3 | 6.6 | 7.4 | ||||||||||||||
2002 FNB Bancorp Plan | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Options outstanding | 164,727 | 220,010 | 257,454 | ||||||||||||||
Range of exercise prices | $ | 15.31-$24.54 | $ | 14.62-$24.54 | $ | 14.62-$24.54 | |||||||||||
Weighted average remaining contractual life | 1.9 | 2.4 | 3 | ||||||||||||||
Fully vested options | 164,727 | 220,010 | 252,079 | ||||||||||||||
Weighted average exercise price | $ | 21.56 | $ | 20.11 | $ | 19.36 | |||||||||||
Aggregate intrinsic value | $ | 1,061,071 | $ | 132,051 | $ | 0 | |||||||||||
Weighted average remaining contractual life (in years) | 1.9 | 2.4 | 2.9 | ||||||||||||||
1997 FNB Bancorp Plan | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Options outstanding | 30,112 | 30,112 | 30,112 | ||||||||||||||
Range of exercise prices | $ | 21.68-$21.68 | $ | 21.68-$21.58 | $ | 21.68-$21.58 | |||||||||||
Weighted average remaining contractual life | 3.5 | 4.5 | 5.5 | ||||||||||||||
Fully vested options | 30,112 | 30,112 | 24,087 | ||||||||||||||
Weighted average exercise price | $ | 21.68 | $ | 21.68 | $ | 21.68 | |||||||||||
Aggregate intrinsic value | $ | 190,437 | $ | 0 | $ | 0 | |||||||||||
Weighted average remaining contractual life (in years) | 3.5 | 4.5 | 5.5 |
Quarterly_Data_Unaudited_Table
Quarterly Data (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of Quarterly Data (Unaudited) | ' | ||||||||||||||||
2013 | |||||||||||||||||
(Dollars in thousands) | First | Second | Third | Fourth | |||||||||||||
Interest income | $ | 9,397 | $ | 9,358 | $ | 9,259 | $ | 9,375 | |||||||||
Interest expense | 682 | 639 | 560 | 514 | |||||||||||||
Net interest income | 8,715 | 8,719 | 8,699 | 8,861 | |||||||||||||
Provision for loan losses | 600 | 510 | 225 | 50 | |||||||||||||
Net interest income, after provision for loan losses | 8,115 | 8,209 | 8,474 | 8,811 | |||||||||||||
Non-interest income | 976 | 1,092 | 978 | 1,137 | |||||||||||||
Non-interest expense | 7,739 | 7,385 | 6,950 | 6,954 | |||||||||||||
Income before income taxes | 1,352 | 1,916 | 2,502 | 2,994 | |||||||||||||
Provision (benefit) for income taxes | 422 | 537 | (629 | ) | 995 | ||||||||||||
Net earnings | 930 | 1,379 | 3,131 | 1,999 | |||||||||||||
Dividends and discount accretion on preferred stock | 158 | 172 | 118 | 119 | |||||||||||||
Net earnings available to common shareholders | $ | 772 | $ | 1,207 | $ | 3,013 | $ | 1,880 | |||||||||
Basic earnings per share | $ | 0.2 | $ | 0.31 | $ | 0.76 | $ | 0.47 | |||||||||
Diluted earnings per share | $ | 0.19 | $ | 0.3 | $ | 0.75 | $ | 0.46 | |||||||||
2012 | |||||||||||||||||
(Dollars in thousands) | First | Second | Third | Fourth | |||||||||||||
Interest income | $ | 7,882 | $ | 7,878 | $ | 8,361 | $ | 9,467 | |||||||||
Interest expense | 684 | 653 | 663 | 727 | |||||||||||||
Net interest income | 7,198 | 7,225 | 7,698 | 8,740 | |||||||||||||
Provision for loan losses | 400 | 400 | 400 | 633 | |||||||||||||
Net interest income, after provision for loan losses | 6,798 | 6,825 | 7,298 | 8,107 | |||||||||||||
Non-interest income | 1,920 | 1,415 | 4,764 | 1,060 | |||||||||||||
Non-interest expense | 7,053 | 6,498 | 6,631 | 7,557 | |||||||||||||
Income before income taxes | 1,665 | 1,742 | 5,431 | 1,610 | |||||||||||||
Provision for income taxes | 377 | 514 | 490 | 264 | |||||||||||||
Net earnings | 1,288 | 1,228 | 4,941 | 1,346 | |||||||||||||
Dividends and discount accretion on preferred stock | 186 | 157 | 158 | 157 | |||||||||||||
Net earnings available to common shareholders | $ | 1,102 | $ | 1,071 | $ | 4,783 | $ | 1,189 | |||||||||
Basic earnings per share | $ | 0.28 | $ | 0.28 | $ | 1.23 | $ | 0.31 | |||||||||
Diluted earnings per share | $ | 0.28 | $ | 0.27 | $ | 1.21 | $ | 0.3 |
Condensed_Financial_Informatio1
Condensed Financial Information of Parent Company (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Schedule of condensed balance sheets | ' | ||||||||||||
FNB Bancorp | Condensed balance sheets | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||
Assets: | |||||||||||||
Cash and due from banks | $ | 981 | $ | 512 | |||||||||
Investments in subsidiary | 93,005 | 94,768 | |||||||||||
Income tax receivable from subsidiary | 49 | 49 | |||||||||||
Dividend receivable from subsidiary | 398 | 296 | |||||||||||
Other assets | 242 | 50 | |||||||||||
Total assets | $ | 94,675 | $ | 95,675 | |||||||||
Liabilities: | |||||||||||||
Dividend declared | $ | 398 | $ | 296 | |||||||||
Other liabilities | 28 | 21 | |||||||||||
Total liabilities | 426 | 317 | |||||||||||
Stockholders’ equity | 94,249 | 95,358 | |||||||||||
Total liabilities and stockholders’ equity | $ | 94,675 | $ | 95,675 | |||||||||
Schedule of condensed statements of earnings | ' | ||||||||||||
FNB Bancorp | Condensed statements of earnings | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Income: | |||||||||||||
Dividends from subsidiary | $ | 3,955 | $ | 1,279 | $ | 1,269 | |||||||
Total income | 3,955 | 1,279 | 1,269 | ||||||||||
Expense: | |||||||||||||
Other expense | 111 | 85 | 64 | ||||||||||
Total expense | 111 | 85 | 64 | ||||||||||
Income before income taxes and equity in undistributed earnings of subsidiary | 3,844 | 1,194 | 1,205 | ||||||||||
Income tax expense/(benefit) | — | (41 | ) | (2 | ) | ||||||||
Income before equity in undistributed earnings of subsidiary | 3,844 | 1,235 | 1,207 | ||||||||||
Equity in undistributed earnings of subsidiary | 3,595 | 7,568 | 3,050 | ||||||||||
Net earnings | 7,439 | 8,803 | 4,257 | ||||||||||
Dividends and discount accretion on preferred stock | 567 | 658 | 800 | ||||||||||
Net earnings available to common shareholders | $ | 6,872 | $ | 8,145 | $ | 3,457 | |||||||
Schedule of condensed statements of cash flows | ' | ||||||||||||
FNB Bancorp | Condensed statement of cash flows | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Net earnings | $ | 7,439 | $ | 8,803 | $ | 4,257 | |||||||
Income tax (receivable from) subsidiary | — | (42 | ) | 1 | |||||||||
Options expense (payable to) receivable from subsidiary | — | — | (215 | ) | |||||||||
Net increase in other assets | (192 | ) | (31 | ) | — | ||||||||
Net increase in other liabilities | 404 | 11 | — | ||||||||||
Undistributed earnings of subsidiary | (3,595 | ) | (7,568 | ) | (3,050 | ) | |||||||
Stock-based compensation expense | 328 | 210 | 293 | ||||||||||
Cash flows from operating activities | 4,384 | 1,383 | 1,286 | ||||||||||
Repayment of capital purchase program | (3,150 | ) | — | (12,600 | ) | ||||||||
Small Business Lending Fund funds received | — | — | 12,600 | ||||||||||
Stock options exercised, including tax benefits of $191 in 2013, $30 in 2012, and none in 2011 | 1,258 | 181 | 11 | ||||||||||
Dividends on common stock | (1,456 | ) | (968 | ) | (568 | ) | |||||||
Cash dividends on preferred stock series A, B, C | (567 | ) | (658 | ) | (545 | ) | |||||||
Cash flows provided by financing activities | (3,915 | ) | (1,445 | ) | (1,102 | ) | |||||||
Net (decrease) increase in cash | 469 | (62 | ) | 184 | |||||||||
Cash, beginning of year | 512 | 574 | 390 | ||||||||||
Cash, end of year | $ | 981 | $ | 512 | $ | 574 |
The_Company_and_Summary_of_Sig3
The Company and Summary of Significant Accounting (Details) - Summary of Other income (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Accounting Policies [Abstract] | ' | ' | ' |
Dividend income-other equity securities | $262 | $138 | $77 |
Rental Income-other real estate owned | 249 | 48 | 97 |
All other smaller items | 352 | 240 | 293 |
Total other income | $863 | $426 | $467 |
The_Company_and_Summary_of_Sig4
The Company and Summary of Significant Accounting (Details) - Summary of Other expense (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Accounting Policies [Abstract] | ' | ' | ' |
dues and memberships | $109 | $111 | $104 |
real estate appraisals | 129 | 72 | 83 |
Training and seminars | 86 | 82 | 79 |
Amortization of deposit premium | 68 | 100 | 98 |
Mastercard | 98 | 97 | 100 |
Dunbar courier | 113 | 107 | 104 |
OCC Assessment | 215 | 171 | 261 |
All other smaller items | 425 | 734 | 458 |
Total other expense | $1,243 | $1,474 | $1,287 |
The_Company_and_Summary_of_Sig5
The Company and Summary of Significant Accounting (Detail) - Reconciliation of Weighted Average Share used in computing Basic & Diluted Earnings per Share | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Accounting Policies [Abstract] | ' | ' | ' |
Weighted average common shares outstanding-used in computing basic earnings per share | 3,935 | 3,879 | 3,873 |
Dilutive effect of stock options outstanding, using the treasury stock method | 89 | 64 | 20 |
Shares used in computing diluted earnings per share | 4,024 | 3,943 | 3,893 |
The_Company_and_Summary_of_Sig6
The Company and Summary of Significant Accounting (Detail) (USD $) | 1 Months Ended | 12 Months Ended | ||
Oct. 28, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Depreciation Useful Life [Line Items] | ' | ' | ' | ' |
Cash reserve requirements, federal reserve bank, minimum (in dollars) | ' | $1,278,000 | $1,461,000 | ' |
Dividends stock percentage | 5.00% | 5.00% | 5.00% | 5.00% |
Stock dividends, shares (in shares) | 189,218 | ' | ' | ' |
Common stock, dividend payment terms | ' | 'payable at the rate of one share of Common Stock for every twenty (20) shares of Common Stock owned. | ' | ' |
Valuation allowance, deferred tax asset, change in amount (in dollars) | ' | 934,000 | ' | ' |
Unrecognized tax benefits (in dollars) | ' | 718,000 | 725,000 | ' |
Real estate investments, other (in dollars) | ' | $1,806,000 | ' | ' |
Tax credit carryforward, description | ' | 'The federal and state income tax credits are earned over a 10-year period as a result of the investment properties meeting certain criteria and are subject to recapture for noncompliance with such criteria over a 15-year period. | ' | ' |
Antidilutive securities excluded from computation of earnings per share, amount (in shares) | ' | 179,624 | 271,655 | 342,030 |
Maximum | ' | ' | ' | ' |
Depreciation Useful Life [Line Items] | ' | ' | ' | ' |
Finite-lived intangible assets, amortization method | ' | 'seven | ' | ' |
Minimum | ' | ' | ' | ' |
Depreciation Useful Life [Line Items] | ' | ' | ' | ' |
Property, plant and equipment, estimated useful lives | ' | '3 years | ' | ' |
Maximum | ' | ' | ' | ' |
Depreciation Useful Life [Line Items] | ' | ' | ' | ' |
Property, plant and equipment, estimated useful lives | ' | '50 years | ' | ' |
Oceanic_Bank_Acquisition_Detai
Oceanic Bank Acquisition (Detail) - Table of Assets Acquired and Liabilities Assumed in Business Acquisition (USD $) | Sep. 21, 2012 |
In Thousands, unless otherwise specified | |
Assets acquired: | ' |
Cash and due from banks | ($1,278) |
Investment securities, available for sale | 13,387 |
Loans | 103,194 |
Premises and equipment, net | 12 |
Core deposit intangible | 110 |
Other assets | 2,504 |
Total assets acquired | 117,929 |
Liabilities assumed: | ' |
Noninterest-bearing deposits | 11,755 |
Interest-bearing deposits | 95,914 |
Borrowings | 6,097 |
Accrued expenses and other liabilities | 497 |
Total liabilities assumed | 114,263 |
Net assets acquired/Bargain purchase gain | $3,666 |
Oceanic_Bank_Acquisition_Detai1
Oceanic Bank Acquisition (Detail) (USD $) | 1 Months Ended | 12 Months Ended | |
Aug. 31, 2013 | Sep. 21, 2012 | Dec. 31, 2012 | |
Business Combinations [Abstract] | ' | ' | ' |
Bargain purchase gain | ' | $3,666,000 | $3,666,000 |
Reduction in branch facilities costs per month | $30,000 | ' | ' |
Restricted_Cash_Balance_Detail
Restricted Cash Balance (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Restricted Cash Disclosure [Abstract] | ' | ' |
Cash reserve requirements, federal reserve bank, minimum | $1,278,000 | $1,461,000 |
Securities_AvailableforSale_De
Securities Available-for-Sale (Detail) - Summary of Available-for-Sale Securities (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Net Investment Income [Line Items] | ' | ' |
Available-for-Sale Securities, Amortized cost | $266,117 | $228,390 |
Available-for-Sale Securities, Unrealized gains | 2,657 | 6,774 |
Available-for-Sale Securities, Unrealized losses | -4,786 | -219 |
Available-for-Sale Securities, Carrying value | 263,988 | 234,945 |
U.S. Treasury securities | ' | ' |
Net Investment Income [Line Items] | ' | ' |
Available-for-Sale Securities, Amortized cost | 3,069 | 7,145 |
Available-for-Sale Securities, Unrealized gains | 12 | 135 |
Available-for-Sale Securities, Unrealized losses | -54 | ' |
Available-for-Sale Securities, Carrying value | 3,027 | 7,280 |
Obligations of U.S. government agencies | ' | ' |
Net Investment Income [Line Items] | ' | ' |
Available-for-Sale Securities, Amortized cost | 73,691 | 71,061 |
Available-for-Sale Securities, Unrealized gains | 488 | 1,206 |
Available-for-Sale Securities, Unrealized losses | -860 | -7 |
Available-for-Sale Securities, Carrying value | 73,319 | 72,260 |
Mortgage-backed securities | ' | ' |
Net Investment Income [Line Items] | ' | ' |
Available-for-Sale Securities, Amortized cost | 79,873 | 53,934 |
Available-for-Sale Securities, Unrealized gains | 360 | 1,383 |
Available-for-Sale Securities, Unrealized losses | -2,373 | -137 |
Available-for-Sale Securities, Carrying value | 77,860 | 55,180 |
Obligations of states and political subdivisions | ' | ' |
Net Investment Income [Line Items] | ' | ' |
Available-for-Sale Securities, Amortized cost | 82,526 | 78,147 |
Available-for-Sale Securities, Unrealized gains | 1,467 | 3,515 |
Available-for-Sale Securities, Unrealized losses | -1,317 | -53 |
Available-for-Sale Securities, Carrying value | 82,676 | 81,609 |
Corporate debt | ' | ' |
Net Investment Income [Line Items] | ' | ' |
Available-for-Sale Securities, Amortized cost | 26,958 | 18,103 |
Available-for-Sale Securities, Unrealized gains | 330 | 535 |
Available-for-Sale Securities, Unrealized losses | -182 | -22 |
Available-for-Sale Securities, Carrying value | $27,106 | $18,616 |
Securities_AvailableforSale_De1
Securities Available-for-Sale (Detail) - Analysis of Gross Unrealized Losses within the Available-for-Sale Investment Securities Portfolio (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule Of Trading Securities And Other Trading Assets [Line Items] | ' | ' |
Available-for-Sale Securities, Total Fair Value | $137,651 | $21,165 |
Available-for-Sale Securities, less than 12 Months Unrealized Losses | -4,357 | -197 |
Available-for-Sale Securities, Total Fair Value | 7,245 | 478 |
Available-for-Sale Securities, 12 Months or More than Unrealized Losses | -429 | -22 |
Available-for-Sale Securities, Total Fair Value | 144,896 | 21,643 |
Available-for-Sale Securities, Total Unrealized Losses | -4,786 | -219 |
U.S. Treasury securities | ' | ' |
Schedule Of Trading Securities And Other Trading Assets [Line Items] | ' | ' |
Available-for-Sale Securities, Total Fair Value | 2,002 | ' |
Available-for-Sale Securities, less than 12 Months Unrealized Losses | -54 | ' |
Available-for-Sale Securities, Total Fair Value | ' | ' |
Available-for-Sale Securities, 12 Months or More than Unrealized Losses | ' | ' |
Available-for-Sale Securities, Total Fair Value | 2,002 | ' |
Available-for-Sale Securities, Total Unrealized Losses | -54 | ' |
Obligations of U.S. government agencies | ' | ' |
Schedule Of Trading Securities And Other Trading Assets [Line Items] | ' | ' |
Available-for-Sale Securities, Total Fair Value | 40,108 | 4,093 |
Available-for-Sale Securities, less than 12 Months Unrealized Losses | -860 | -7 |
Available-for-Sale Securities, Total Fair Value | ' | ' |
Available-for-Sale Securities, 12 Months or More than Unrealized Losses | ' | ' |
Available-for-Sale Securities, Total Fair Value | 40,108 | 4,093 |
Available-for-Sale Securities, Total Unrealized Losses | -860 | -7 |
Mortgage-backed securities | ' | ' |
Schedule Of Trading Securities And Other Trading Assets [Line Items] | ' | ' |
Available-for-Sale Securities, Total Fair Value | 51,419 | 8,580 |
Available-for-Sale Securities, less than 12 Months Unrealized Losses | -2,015 | -137 |
Available-for-Sale Securities, Total Fair Value | 5,664 | ' |
Available-for-Sale Securities, 12 Months or More than Unrealized Losses | -358 | ' |
Available-for-Sale Securities, Total Fair Value | 57,083 | 8,580 |
Available-for-Sale Securities, Total Unrealized Losses | -2,373 | -137 |
Obligations of states and political subdivisions | ' | ' |
Schedule Of Trading Securities And Other Trading Assets [Line Items] | ' | ' |
Available-for-Sale Securities, Total Fair Value | 33,265 | 8,492 |
Available-for-Sale Securities, less than 12 Months Unrealized Losses | -1,248 | -53 |
Available-for-Sale Securities, Total Fair Value | 1,083 | ' |
Available-for-Sale Securities, 12 Months or More than Unrealized Losses | -69 | ' |
Available-for-Sale Securities, Total Fair Value | 34,348 | 8,492 |
Available-for-Sale Securities, Total Unrealized Losses | -1,317 | -53 |
Corporate debt | ' | ' |
Schedule Of Trading Securities And Other Trading Assets [Line Items] | ' | ' |
Available-for-Sale Securities, Total Fair Value | 10,857 | ' |
Available-for-Sale Securities, less than 12 Months Unrealized Losses | -180 | ' |
Available-for-Sale Securities, Total Fair Value | 498 | 478 |
Available-for-Sale Securities, 12 Months or More than Unrealized Losses | -2 | -22 |
Available-for-Sale Securities, Total Fair Value | 11,355 | 478 |
Available-for-Sale Securities, Total Unrealized Losses | ($182) | ($22) |
Securities_AvailableforSale_De2
Securities Available-for-Sale (Detail) - Summary of Debt Securities by Contractual Maturity (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Available-for-sale: | ' | ' |
Due in one year or less, Amortized Cost | $14,443 | ' |
Due in one year or less, Carrying Value | 14,569 | ' |
Due after one through five years, Amortized Cost | 96,703 | ' |
Due after one through five years, Carrying Value | 97,184 | ' |
Due after five years through ten years, Amortized Cost | 116,484 | ' |
Due after five years through ten years, Carrying Value | 114,537 | ' |
Due after ten years, Amortized Cost | 38,487 | ' |
Due after ten years, Carrying Value | 37,698 | ' |
Available-for-sale, Amortized Cost | 266,117 | ' |
Available-for-Sale Securities, Carrying value | $263,988 | $234,945 |
Securities_AvailableforSale_De3
Securities Available-for-Sale (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Investment Holdings [Line Items] | ' | ' |
Available for sale securities pledged collateral amortized cost | $70,678,000 | $81,978,000 |
Fair Value Securities Pledged | 70,640,000 | 84,399,000 |
Federal home loan bank stock | 3,988,000 | 4,154,000 |
Other assets | 14,418,000 | 14,177,000 |
Federal Reserve Bank and Federal Home Loan Bank | ' | ' |
Investment Holdings [Line Items] | ' | ' |
Other assets | $1,062,000 | $1,062,000 |
Loans_Detail_Summary_of_Loans
Loans (Detail) - Summary of Loans (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | $562,717 | $550,917 | ' |
Net deferred loan fees | -495 | -230 | ' |
Allowance for loan losses | -9,879 | -9,124 | -9,897 |
Net loans | 552,343 | 541,563 | ' |
FNB Bancorp Originated | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 489,718 | 450,491 | ' |
Net deferred loan fees | -495 | -230 | ' |
Allowance for loan losses | -9,869 | -9,124 | ' |
Net loans | 479,354 | 441,137 | ' |
PNCI | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 71,674 | 98,538 | ' |
Net deferred loan fees | ' | ' | ' |
Allowance for loan losses | -10 | ' | ' |
Net loans | 71,664 | 98,538 | ' |
PCI | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 1,325 | 1,888 | ' |
Net deferred loan fees | ' | ' | ' |
Allowance for loan losses | ' | ' | ' |
Net loans | 1,325 | 1,888 | ' |
Commercial real estate | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 325,199 | 303,860 | ' |
Allowance for loan losses | ' | -4,812 | -4,745 |
Commercial real estate | FNB Bancorp Originated | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 285,938 | 254,449 | ' |
Commercial real estate | PNCI | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 37,936 | 48,009 | ' |
Commercial real estate | PCI | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 1,325 | 1,402 | ' |
Real estate construction | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 34,318 | 18,946 | ' |
Allowance for loan losses | ' | -857 | -1,171 |
Real estate construction | FNB Bancorp Originated | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 31,290 | 14,866 | ' |
Real estate construction | PNCI | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 3,028 | 3,594 | ' |
Real estate construction | PCI | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | ' | 486 | ' |
Real estate multi-family | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 46,143 | 58,004 | ' |
Allowance for loan losses | ' | ' | -671 |
Real estate multi-family | FNB Bancorp Originated | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 34,357 | 39,176 | ' |
Real estate multi-family | PNCI | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 11,786 | 18,828 | ' |
Real estate multi-family | PCI | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | ' | ' | ' |
Real estate 1 to 4 family | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 106,903 | 112,719 | ' |
Allowance for loan losses | ' | -1,516 | -1,592 |
Real estate 1 to 4 family | FNB Bancorp Originated | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 98,196 | 97,329 | ' |
Real estate 1 to 4 family | PNCI | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 8,707 | 15,390 | ' |
Real estate 1 to 4 family | PCI | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | ' | ' | ' |
Commercial & industrial | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 48,504 | 55,564 | ' |
Allowance for loan losses | ' | -1,875 | -1,618 |
Commercial & industrial | FNB Bancorp Originated | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 38,287 | 42,847 | ' |
Commercial & industrial | PNCI | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 10,217 | 12,717 | ' |
Commercial & industrial | PCI | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | ' | ' | ' |
Consumer loans | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 1,650 | 1,824 | ' |
Consumer loans | FNB Bancorp Originated | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | 1,650 | 1,824 | ' |
Consumer loans | PNCI | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | ' | ' | ' |
Consumer loans | PCI | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Gross loans | ' | ' | ' |
Loans_Detail_Summary_of_Allowa
Loans (Detail) - Summary of Allowances for Credit Losses and Recorded Investment in Loans (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Allowance for credit losses | ' | ' | ' |
Beginning balance | $9,124 | $9,897 | ' |
Charge-offs | -792 | -2,933 | ' |
Recoveries | 162 | 327 | ' |
Provision | 1,385 | 1,833 | 1,750 |
Ending balance | 9,879 | 9,124 | 9,897 |
Ending balance: individually evaluated for impairment | 595 | 1,337 | ' |
Ending balance: collectively evaluated for impairment | 9,284 | 7,787 | ' |
Loans: | ' | ' | ' |
Ending balance | 561,392 | 549,029 | ' |
Ending balance: individually evaluated for impairment | 25,112 | 25,718 | ' |
Ending balance: collectively evaluated for impairment | 536,655 | 523,992 | ' |
Commercial & industrial | ' | ' | ' |
Allowance for credit losses | ' | ' | ' |
Beginning balance | 1,875 | 1,618 | ' |
Charge-offs | -57 | -1,706 | ' |
Recoveries | 73 | 124 | ' |
Provision | -654 | 1,839 | ' |
Ending balance | 1,237 | 1,875 | ' |
Ending balance: individually evaluated for impairment | 176 | 384 | ' |
Ending balance: collectively evaluated for impairment | 1,061 | 1,491 | ' |
Loans: | ' | ' | ' |
Ending balance | 48,504 | 55,564 | ' |
Ending balance: individually evaluated for impairment | 2,497 | 4,167 | ' |
Ending balance: collectively evaluated for impairment | 46,007 | 51,397 | ' |
Commercial Real estate | ' | ' | ' |
Allowance for credit losses | ' | ' | ' |
Beginning balance | 4,812 | 4,745 | ' |
Charge-offs | -262 | -738 | ' |
Recoveries | 35 | 171 | ' |
Provision | 1,178 | 634 | ' |
Ending balance | 5,763 | 4,812 | ' |
Ending balance: individually evaluated for impairment | 165 | 415 | ' |
Ending balance: collectively evaluated for impairment | 5,598 | 4,397 | ' |
Loans: | ' | ' | ' |
Ending balance | 323,874 | 302,458 | ' |
Ending balance: individually evaluated for impairment | 17,974 | 16,099 | ' |
Ending balance: collectively evaluated for impairment | 305,900 | 286,359 | ' |
Real Estate construction | ' | ' | ' |
Allowance for credit losses | ' | ' | ' |
Beginning balance | 857 | 1,171 | ' |
Charge-offs | -81 | -54 | ' |
Recoveries | 50 | ' | ' |
Provision | -92 | -260 | ' |
Ending balance | 734 | 857 | ' |
Ending balance: individually evaluated for impairment | ' | 232 | ' |
Ending balance: collectively evaluated for impairment | 734 | 625 | ' |
Loans: | ' | ' | ' |
Ending balance | 34,318 | 18,460 | ' |
Ending balance: individually evaluated for impairment | 189 | 681 | ' |
Ending balance: collectively evaluated for impairment | 34,129 | 18,460 | ' |
Real Estate Multi family | ' | ' | ' |
Allowance for credit losses | ' | ' | ' |
Beginning balance | ' | 671 | ' |
Charge-offs | ' | -242 | ' |
Recoveries | ' | ' | ' |
Provision | 293 | -429 | ' |
Ending balance | 293 | ' | ' |
Ending balance: individually evaluated for impairment | ' | ' | ' |
Ending balance: collectively evaluated for impairment | 293 | ' | ' |
Loans: | ' | ' | ' |
Ending balance | 46,143 | 58,004 | ' |
Ending balance: individually evaluated for impairment | 375 | ' | ' |
Ending balance: collectively evaluated for impairment | 46,143 | 58,004 | ' |
Real Estate 1 to 4 family | ' | ' | ' |
Allowance for credit losses | ' | ' | ' |
Beginning balance | 1,516 | 1,592 | ' |
Charge-offs | -385 | -182 | ' |
Recoveries | 3 | 11 | ' |
Provision | 654 | 95 | ' |
Ending balance | 1,788 | 1,516 | ' |
Ending balance: individually evaluated for impairment | 254 | 306 | ' |
Ending balance: collectively evaluated for impairment | 1,534 | 1,210 | ' |
Loans: | ' | ' | ' |
Ending balance | 106,903 | 112,719 | ' |
Ending balance: individually evaluated for impairment | 4,077 | 4,771 | ' |
Ending balance: collectively evaluated for impairment | 102,826 | 107,948 | ' |
Consumer | ' | ' | ' |
Allowance for credit losses | ' | ' | ' |
Beginning balance | 64 | 100 | ' |
Charge-offs | -7 | -11 | ' |
Recoveries | 1 | 21 | ' |
Provision | 6 | -46 | ' |
Ending balance | 64 | 64 | ' |
Ending balance: individually evaluated for impairment | ' | ' | ' |
Ending balance: collectively evaluated for impairment | 64 | 64 | ' |
Loans: | ' | ' | ' |
Ending balance | 1,650 | 1,824 | ' |
Ending balance: individually evaluated for impairment | ' | ' | ' |
Ending balance: collectively evaluated for impairment | $1,650 | $1,824 | ' |
Loans_Detail_Table_of_Impaired
Loans (Detail) - Table of Impaired Loans with the Related Allowance for Loan Losses, Average Investment, and Income Recognized (Originated and purchased not credit impaired, USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | $25,112 | $25,718 |
Impaired Financing Receivable, Unpaid Principal Balance | 27,004 | 27,445 |
Impaired Financing Receivable, Related Allowance | 595 | 1,337 |
Impaired Financing Receivable, Average Recorded Investment | 23,911 | 26,518 |
Impaired Financing Receivable, Income Recognized | 1,095 | 1,018 |
Commercial and industrial | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 2,497 | 4,167 |
Impaired Financing Receivable, Unpaid Principal Balance | 3,103 | 4,765 |
Impaired Financing Receivable, Related Allowance | 166 | 384 |
Impaired Financing Receivable, Average Recorded Investment | 2,914 | 4,626 |
Impaired Financing Receivable, Income Recognized | 81 | 150 |
Commercial real estate construction | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 189 | 681 |
Impaired Financing Receivable, Unpaid Principal Balance | 196 | 798 |
Impaired Financing Receivable, Related Allowance | 10 | 232 |
Impaired Financing Receivable, Average Recorded Investment | 198 | 6,985 |
Impaired Financing Receivable, Income Recognized | 18 | 337 |
Commercial real estate | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 17,974 | 16,099 |
Impaired Financing Receivable, Unpaid Principal Balance | 19,123 | 17,013 |
Impaired Financing Receivable, Related Allowance | 165 | 415 |
Impaired Financing Receivable, Average Recorded Investment | 16,417 | 10,559 |
Impaired Financing Receivable, Income Recognized | 819 | 326 |
Real estate multi family | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 375 | ' |
Impaired Financing Receivable, Unpaid Principal Balance | 375 | ' |
Impaired Financing Receivable, Related Allowance | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 384 | ' |
Impaired Financing Receivable, Income Recognized | 25 | ' |
Residential - 1 to 4 family | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 4,077 | 4,771 |
Impaired Financing Receivable, Unpaid Principal Balance | 4,207 | 4,869 |
Impaired Financing Receivable, Related Allowance | 254 | 306 |
Impaired Financing Receivable, Average Recorded Investment | 3,998 | 4,348 |
Impaired Financing Receivable, Income Recognized | 152 | 205 |
Originated and PNCI, With no related allowance recorded | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 14,994 | 13,920 |
Impaired Financing Receivable, Unpaid Principal Balance | 16,426 | 15,065 |
Impaired Financing Receivable, Related Allowance | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 14,042 | 14,424 |
Impaired Financing Receivable, Income Recognized | 693 | 594 |
Originated and PNCI, With no related allowance recorded | Commercial and industrial | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 1,059 | 2,202 |
Impaired Financing Receivable, Unpaid Principal Balance | 1,232 | 2,338 |
Impaired Financing Receivable, Related Allowance | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 1,204 | 2,298 |
Impaired Financing Receivable, Income Recognized | 66 | 120 |
Originated and PNCI, With no related allowance recorded | Commercial real estate construction | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | ' |
Impaired Financing Receivable, Unpaid Principal Balance | ' | ' |
Impaired Financing Receivable, Related Allowance | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | ' | 6,187 |
Impaired Financing Receivable, Income Recognized | ' | 333 |
Originated and PNCI, With no related allowance recorded | Commercial real estate | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 12,397 | 10,666 |
Impaired Financing Receivable, Unpaid Principal Balance | 13,535 | 11,580 |
Impaired Financing Receivable, Related Allowance | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 11,445 | 4,874 |
Impaired Financing Receivable, Income Recognized | 565 | 86 |
Originated and PNCI, With no related allowance recorded | Real estate multi family | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 375 | ' |
Impaired Financing Receivable, Unpaid Principal Balance | 375 | ' |
Impaired Financing Receivable, Related Allowance | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 384 | ' |
Impaired Financing Receivable, Income Recognized | 25 | ' |
Originated and PNCI, With no related allowance recorded | Residential - 1 to 4 family | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 1,163 | 1,052 |
Impaired Financing Receivable, Unpaid Principal Balance | 1,284 | 1,147 |
Impaired Financing Receivable, Related Allowance | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 1,009 | 1,065 |
Impaired Financing Receivable, Income Recognized | 37 | 55 |
Originated and PNCI, With an allowance recorded | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 10,118 | 11,798 |
Impaired Financing Receivable, Unpaid Principal Balance | 10,578 | 12,380 |
Impaired Financing Receivable, Related Allowance | 595 | 1,337 |
Impaired Financing Receivable, Average Recorded Investment | 9,869 | 12,094 |
Impaired Financing Receivable, Income Recognized | 402 | 424 |
Originated and PNCI, With an allowance recorded | Commercial and industrial | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 1,438 | 1,965 |
Impaired Financing Receivable, Unpaid Principal Balance | 1,871 | 2,427 |
Impaired Financing Receivable, Related Allowance | 166 | 384 |
Impaired Financing Receivable, Average Recorded Investment | 1,710 | 2,328 |
Impaired Financing Receivable, Income Recognized | 15 | 30 |
Originated and PNCI, With an allowance recorded | Commercial real estate construction | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 189 | 681 |
Impaired Financing Receivable, Unpaid Principal Balance | 196 | 798 |
Impaired Financing Receivable, Related Allowance | 10 | 232 |
Impaired Financing Receivable, Average Recorded Investment | 198 | 798 |
Impaired Financing Receivable, Income Recognized | 18 | 4 |
Originated and PNCI, With an allowance recorded | Commercial real estate | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 5,577 | 5,433 |
Impaired Financing Receivable, Unpaid Principal Balance | 5,588 | 5,433 |
Impaired Financing Receivable, Related Allowance | 165 | 415 |
Impaired Financing Receivable, Average Recorded Investment | 4,972 | 5,685 |
Impaired Financing Receivable, Income Recognized | 254 | 240 |
Originated and PNCI, With an allowance recorded | Residential - 1 to 4 family | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, Recorded Investment | 2,914 | 3,719 |
Impaired Financing Receivable, Unpaid Principal Balance | 2,923 | 3,722 |
Impaired Financing Receivable, Related Allowance | 254 | 306 |
Impaired Financing Receivable, Average Recorded Investment | 2,989 | 3,283 |
Impaired Financing Receivable, Income Recognized | $115 | $150 |
Loans_Detail_Table_of_Loan_on_
Loans (Detail) - Table of Loan on Non-Accrual Status (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Impaired [Line Items] | ' | ' |
Nonaccrual loan | $7,351 | $12,474 |
Commercial & industrial | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Nonaccrual loan | 2,046 | 2,618 |
Real estate - construction | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Nonaccrual loan | 189 | 1,898 |
Commercial real estate | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Nonaccrual loan | 4,290 | 6,251 |
Real estate 1 to 4 family | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Nonaccrual loan | $826 | $1,707 |
Loans_Detail_Table_of_Impaired1
Loans (Detail) - Table of Impaired Loan Modifications (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Contract | Contract | |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 10 | 13 |
Pre- Modification Outstanding Recorded Investment | $5,991 | $5,578 |
Post- Modification Outstanding Recorded Investment | 5,991 | 5,578 |
Real Estate-construction | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 1 | ' |
Pre- Modification Outstanding Recorded Investment | 189 | ' |
Post- Modification Outstanding Recorded Investment | 189 | ' |
Commercial & industrial | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | 7 |
Pre- Modification Outstanding Recorded Investment | ' | 2,723 |
Post- Modification Outstanding Recorded Investment | ' | 2,723 |
Real estate 1 to 4 family | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 3 | 3 |
Pre- Modification Outstanding Recorded Investment | 1,236 | 1,446 |
Post- Modification Outstanding Recorded Investment | 1,236 | 1,446 |
Commercial real estate | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 6 | 3 |
Pre- Modification Outstanding Recorded Investment | 4,566 | 1,409 |
Post- Modification Outstanding Recorded Investment | $4,566 | $1,409 |
Loans_Detail_Table_of_Troubled
Loans (Detail) - Table of Troubled Debt Restructurings (TDR Receivables, USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Modifications [Line Items] | ' | ' |
Accrual status | $8,897 | $4,163 |
Non- accrual status | 4,809 | 5,402 |
Total modifications | 13,706 | 9,565 |
Commercial & industrial | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accrual status | 461 | 1,216 |
Non- accrual status | 1,951 | 2,308 |
Total modifications | 2,412 | 3,524 |
Real Estate construction | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accrual status | ' | ' |
Non- accrual status | 189 | ' |
Total modifications | 189 | ' |
Real estate 1 to 4 family | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accrual status | 2,121 | 333 |
Non- accrual status | 529 | 1,113 |
Total modifications | 2,650 | 1,446 |
Commercial real estate | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accrual status | 6,315 | 2,614 |
Non- accrual status | 2,140 | 1,981 |
Total modifications | $8,455 | $4,595 |
Loans_Detail_Summary_Age_Analy
Loans (Detail) - Summary Age Analysis of Past Due Loans (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | $552,343 | $541,563 |
30-59 Days Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | 2,243 | 4,766 |
30-59 Days Past Due | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | ' | 815 |
30-59 Days Past Due | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | ' | ' |
60-89 Days Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | 304 | 212 |
60-89 Days Past Due | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | ' | 119 |
60-89 Days Past Due | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | ' | ' |
Over 90 Days | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | 5,221 | 63,542 |
Over 90 Days | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | 805 | 3,623 |
Over 90 Days | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | 1,325 | 1,888 |
Total Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Total Past Due | 7,768 | 11,332 |
Total Past Due | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Total Past Due | 805 | 4,557 |
Total Past Due | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Total Past Due | 1,325 | 1,888 |
Current | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | 481,950 | 439,709 |
Current | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | 70,869 | 93,981 |
Current | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | ' | ' |
Total Loans | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | 489,718 | 450,491 |
Total Loans | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | 71,674 | 98,538 |
Total Loans | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | 1,325 | 1,888 |
Recorded Investment > 90 Days and Accruing | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment > 90 Days and Accruing | ' | ' |
Commercial real estate | 30-59 Days Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | 1,403 | 3,942 |
Commercial real estate | 30-59 Days Past Due | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | ' | 690 |
Commercial real estate | 30-59 Days Past Due | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | ' | ' |
Commercial real estate | 60-89 Days Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | ' | ' |
Commercial real estate | 60-89 Days Past Due | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | ' | ' |
Commercial real estate | 60-89 Days Past Due | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | ' | ' |
Commercial real estate | Over 90 Days | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | 2,349 | 2,525 |
Commercial real estate | Over 90 Days | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | 616 | 2,212 |
Commercial real estate | Over 90 Days | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | 1,325 | 1,402 |
Commercial real estate | Total Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Total Past Due | 3,752 | 6,467 |
Commercial real estate | Total Past Due | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Total Past Due | 616 | 2,902 |
Commercial real estate | Total Past Due | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Total Past Due | 1,325 | 1,402 |
Commercial real estate | Current | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | 282,186 | 247,982 |
Commercial real estate | Current | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | 37,320 | 45,107 |
Commercial real estate | Current | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | ' | ' |
Commercial real estate | Total Loans | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | 285,938 | 254,449 |
Commercial real estate | Total Loans | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | 37,936 | 48,009 |
Commercial real estate | Total Loans | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | 1,325 | 1,402 |
Commercial real estate | Recorded Investment > 90 Days and Accruing | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment > 90 Days and Accruing | ' | ' |
Real estate construction | 30-59 Days Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | ' | ' |
Real estate construction | 30-59 Days Past Due | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | ' | ' |
Real estate construction | 30-59 Days Past Due | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | ' | ' |
Real estate construction | 60-89 Days Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | ' | ' |
Real estate construction | 60-89 Days Past Due | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | ' | ' |
Real estate construction | 60-89 Days Past Due | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | ' | ' |
Real estate construction | Over 90 Days | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | ' | ' |
Real estate construction | Over 90 Days | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | 189 | 1,411 |
Real estate construction | Over 90 Days | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | ' | 486 |
Real estate construction | Total Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Total Past Due | ' | ' |
Real estate construction | Total Past Due | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Total Past Due | 189 | 1,411 |
Real estate construction | Total Past Due | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Total Past Due | ' | 486 |
Real estate construction | Current | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | 31,290 | 14,866 |
Real estate construction | Current | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | 2,839 | 2,183 |
Real estate construction | Current | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | ' | ' |
Real estate construction | Total Loans | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | 31,290 | 14,866 |
Real estate construction | Total Loans | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | 3,028 | 3,594 |
Real estate construction | Total Loans | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | ' | 486 |
Real estate construction | Recorded Investment > 90 Days and Accruing | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment > 90 Days and Accruing | ' | ' |
Real estate multi-family | 30-59 Days Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | ' | ' |
Real estate multi-family | 30-59 Days Past Due | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | ' | 75 |
Real estate multi-family | 30-59 Days Past Due | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | ' | ' |
Real estate multi-family | 60-89 Days Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | ' | ' |
Real estate multi-family | 60-89 Days Past Due | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | ' | ' |
Real estate multi-family | 60-89 Days Past Due | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | ' | ' |
Real estate multi-family | Over 90 Days | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | ' | ' |
Real estate multi-family | Over 90 Days | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | ' | ' |
Real estate multi-family | Over 90 Days | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | ' | ' |
Real estate multi-family | Total Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Total Past Due | ' | ' |
Real estate multi-family | Total Past Due | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Total Past Due | ' | 75 |
Real estate multi-family | Total Past Due | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Total Past Due | ' | ' |
Real estate multi-family | Current | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | 34,357 | 39,176 |
Real estate multi-family | Current | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | 11,786 | 18,753 |
Real estate multi-family | Current | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | ' | ' |
Real estate multi-family | Total Loans | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | 34,357 | 39,176 |
Real estate multi-family | Total Loans | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | 11,786 | 18,828 |
Real estate multi-family | Total Loans | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | ' | ' |
Real estate multi-family | Recorded Investment > 90 Days and Accruing | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment > 90 Days and Accruing | ' | ' |
Real estate 1 to 4 family | 30-59 Days Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | 161 | 806 |
Real estate 1 to 4 family | 30-59 Days Past Due | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | ' | ' |
Real estate 1 to 4 family | 30-59 Days Past Due | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | ' | ' |
Real estate 1 to 4 family | 60-89 Days Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | 75 | 168 |
Real estate 1 to 4 family | 60-89 Days Past Due | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | ' | 119 |
Real estate 1 to 4 family | 60-89 Days Past Due | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | ' | ' |
Real estate 1 to 4 family | Over 90 Days | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | 826 | 1,210 |
Real estate 1 to 4 family | Over 90 Days | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | ' | ' |
Real estate 1 to 4 family | Over 90 Days | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | ' | ' |
Real estate 1 to 4 family | Total Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Total Past Due | 1,062 | 2,184 |
Real estate 1 to 4 family | Total Past Due | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Total Past Due | ' | 119 |
Real estate 1 to 4 family | Total Past Due | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Total Past Due | ' | ' |
Real estate 1 to 4 family | Current | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | 97,134 | 95,145 |
Real estate 1 to 4 family | Current | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | 8,707 | 15,271 |
Real estate 1 to 4 family | Current | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | ' | ' |
Real estate 1 to 4 family | Total Loans | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | 98,196 | 97,329 |
Real estate 1 to 4 family | Total Loans | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | 8,707 | 15,390 |
Real estate 1 to 4 family | Total Loans | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | ' | ' |
Real estate 1 to 4 family | Recorded Investment > 90 Days and Accruing | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment > 90 Days and Accruing | ' | ' |
Commercial & industrial | 30-59 Days Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | 563 | 18 |
Commercial & industrial | 30-59 Days Past Due | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | ' | 50 |
Commercial & industrial | 30-59 Days Past Due | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | ' | ' |
Commercial & industrial | 60-89 Days Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | 210 | 44 |
Commercial & industrial | 60-89 Days Past Due | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | ' | ' |
Commercial & industrial | 60-89 Days Past Due | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | ' | ' |
Commercial & industrial | Over 90 Days | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | 2,046 | 2,619 |
Commercial & industrial | Over 90 Days | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | ' | ' |
Commercial & industrial | Over 90 Days | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | ' | ' |
Commercial & industrial | Total Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Total Past Due | 2,819 | 2,681 |
Commercial & industrial | Total Past Due | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Total Past Due | ' | 50 |
Commercial & industrial | Current | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | 35,468 | 40,166 |
Commercial & industrial | Current | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | 10,217 | 12,667 |
Commercial & industrial | Current | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | ' | ' |
Commercial & industrial | Total Loans | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | 38,287 | 42,847 |
Commercial & industrial | Total Loans | Purchased Not Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | 10,217 | 12,717 |
Commercial & industrial | Total Loans | Purchased Credit Impaired | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | ' | ' |
Commercial & industrial | Recorded Investment > 90 Days and Accruing | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment > 90 Days and Accruing | ' | ' |
Consumer | 30-59 Days Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, 30-59 Days Past Due | 116 | ' |
Consumer | 60-89 Days Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | 19 | ' |
Consumer | Over 90 Days | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Over 90 Days | ' | ' |
Consumer | Total Past Due | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Total Past Due | 135 | ' |
Consumer | Current | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Current | 1,515 | 1,824 |
Consumer | Total Loans | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing receivable, Total Loans | 1,650 | 1,824 |
Consumer | Recorded Investment > 90 Days and Accruing | Originated | ' | ' |
Purchased [Abstract] | ' | ' |
Financing Receivable, Recorded Investment > 90 Days and Accruing | ' | ' |
Loans_Detail_Table_of_Credit_Q
Loans (Detail) - Table of Credit Quality Indicators (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Purchased | ' | ' |
Loans, net | $552,343 | $541,563 |
Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 489,718 | 450,491 |
Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 71,674 | 98,538 |
Purchased Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 1,325 | 1,888 |
Pass | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 480,368 | 439,282 |
Pass | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 60,164 | 76,995 |
Special Mention | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 2,903 | 2,372 |
Special Mention | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 4,951 | 7,941 |
Substandard | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 6,183 | 7,720 |
Substandard | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 6,559 | 13,602 |
Doubtful | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 264 | 1,117 |
Commercial real estate | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 285,938 | 254,449 |
Commercial real estate | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 37,936 | 48,009 |
Commercial real estate | Purchased Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 1,325 | 1,402 |
Commercial real estate | Pass | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 280,356 | 249,991 |
Commercial real estate | Pass | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 28,342 | 30,600 |
Commercial real estate | Special Mention | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 2,330 | 2,372 |
Commercial real estate | Special Mention | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 4,951 | 7,902 |
Commercial real estate | Substandard | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 3,252 | 2,086 |
Commercial real estate | Substandard | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 4,643 | 9,507 |
Commercial real estate | Doubtful | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | ' | ' |
Commercial real estate | Doubtful | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | ' | ' |
Real estate construction | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 31,290 | 14,866 |
Real estate construction | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 3,028 | 3,594 |
Real estate construction | Purchased Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | ' | 486 |
Real estate construction | Pass | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 29,673 | 13,266 |
Real estate construction | Pass | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 1,520 | ' |
Real estate construction | Special Mention | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 573 | ' |
Real estate construction | Special Mention | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | ' | 39 |
Real estate construction | Substandard | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 1,044 | 1,600 |
Real estate construction | Substandard | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 1,508 | 3,555 |
Real estate construction | Doubtful | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | ' | ' |
Real estate construction | Doubtful | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | ' | ' |
Real estate multi-family | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 34,357 | 39,176 |
Real estate multi-family | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 11,786 | 18,828 |
Real estate multi-family | Pass | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 34,357 | 39,176 |
Real estate multi-family | Pass | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 11,786 | 18,828 |
Real estate multi-family | Special Mention | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | ' | ' |
Real estate multi-family | Substandard | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | ' | ' |
Real estate multi-family | Doubtful | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | ' | ' |
Real estate multi-family | Doubtful | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | ' | ' |
Real estate 1 to 4 family | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 98,196 | 97,329 |
Real estate 1 to 4 family | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 8,707 | 15,390 |
Real estate 1 to 4 family | Pass | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 97,514 | 95,579 |
Real estate 1 to 4 family | Pass | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 8,299 | 14,850 |
Real estate 1 to 4 family | Special Mention | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | ' | ' |
Real estate 1 to 4 family | Special Mention | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | ' | ' |
Real estate 1 to 4 family | Substandard | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 429 | 1,470 |
Real estate 1 to 4 family | Substandard | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 408 | 540 |
Real estate 1 to 4 family | Doubtful | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 253 | 280 |
Real estate 1 to 4 family | Doubtful | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | ' | ' |
Commercial & industrial | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 38,287 | 42,847 |
Commercial & industrial | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 10,217 | 12,717 |
Commercial & industrial | Pass | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 36,837 | 39,446 |
Commercial & industrial | Pass | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | 10,217 | 12,717 |
Commercial & industrial | Special Mention | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | ' | ' |
Commercial & industrial | Special Mention | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | ' | ' |
Commercial & industrial | Substandard | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 1,439 | 2,564 |
Commercial & industrial | Substandard | Purchased Not Credit Impaired | ' | ' |
Purchased | ' | ' |
Loans, net | ' | ' |
Commercial & industrial | Doubtful | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 11 | 837 |
Consumer loans | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 1,650 | 1,824 |
Consumer loans | Pass | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 1,631 | 1,824 |
Consumer loans | Special Mention | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | ' | ' |
Consumer loans | Substandard | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | 19 | ' |
Consumer loans | Doubtful | Originated | ' | ' |
Purchased | ' | ' |
Loans, net | ' | ' |
Loans_Detail
Loans (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Debt Disclosure [Abstract] | ' | ' | ' |
Nonaccrual Loans | $7,351,000 | $12,474,000 | ' |
Interest income on impaired loans | 1,095,000 | 1,018,000 | 1,143,000 |
Interest income on impaired loans not collected | 656,000 | 1,358,000 | 1,137,000 |
Cumulative unpaid interest on impaired loans | $3,430,000 | $2,774,000 | $1,967,000 |
Troubled Debt Restructuring, Debtor, Current Period, Description of Changes in Terms | 'During the years ended December 31, 2013 and 2012, no loans defaulted within twelve months following the date of restructure. All restructurings were a modification of interest rate and/or payment. There were no principal reductions granted. | ' | ' |
Foreclosed_Assets_A_summary_of
Foreclosed Assets - A summary of the activity in the balance of foreclosed assets follows (in thousands): (Detail) - Table of Foreclosed Assets (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Number | Number | Number | |
Finance Loan And Lease Receivables Held For Investments Foreclosed Assets [Abstract] | ' | ' | ' |
Beginning balance, net | $6,650 | $2,747 | $6,680 |
Additions/transfers from loans | 25 | 4,894 | 622 |
Disposition/sales | -1,288 | -932 | -4,012 |
Valuation adjustments | -69 | -59 | -543 |
Ending balance, net | 5,318 | 6,650 | 2,747 |
Ending valuation allowance | -122 | -1,965 | -2,041 |
Ending number of foreclosed assets | 4 | 5 | 4 |
Proceeds from sale of foreclosed assets | 1,288 | 932 | 4,078 |
Gain on sale of foreclosed assets | $96 | $6 | $66 |
Related_Party_Transactions_Det
Related Party Transactions (Detail) - Table of Related Party Transactions (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Related Party Transactions [Abstract] | ' | ' |
Balance, beginning of year | $10,225 | $21,573 |
Additions | 6,990 | 6,358 |
Repayments | -6,133 | -17,706 |
Balance, end of year | 11,082 | 10,225 |
Related party deposits | $3,491 | $2,682 |
Bank_Premises_Equipment_and_Le2
Bank Premises, Equipment, and Leasehold Improvements (Detail) - Table of Bank Premises, Equipment, and Leasehold Improvements (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Abstract] | ' | ' |
Buildings | $10,460 | $10,453 |
Equipment & furniture | 8,722 | 9,543 |
Leasehold improvements | 1,714 | 1,519 |
Buildings, equipment & furniture and leasehold improvements, gross | 20,896 | 21,515 |
Accumulated depreciation and amortization | -13,712 | -14,137 |
Buildings, equipment & furniture and leasehold improvements, net | 7,184 | 7,378 |
Land | 5,328 | 5,328 |
Buildings, equipment & furniture, leasehold improvements and land, net | $12,512 | $12,706 |
Bank_Premises_Equipment_and_Le3
Bank Premises, Equipment, and Leasehold Improvements (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Property, Plant and Equipment [Abstract] | ' | ' | ' |
Depreciation and amortization expense | $1,250,000 | $1,415,000 | $1,487,000 |
Deposits_Detail_Summary_of_Mat
Deposits (Detail) - Summary of Maturities of all Time Certificates of Deposit (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt Disclosure Text Block [Abstract] | ' | ' |
2014 | $96,881 | ' |
2015 | 12,946 | ' |
2016 | 10,745 | ' |
2017 | 3,462 | ' |
2018 | 118 | ' |
Total, maturities of all time certificates of deposit | $124,152 | $171,066 |
Deposits_Detail
Deposits (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Debt Disclosure Text Block [Abstract] | ' | ' |
Aggregate amount of time certificates each with minimum denomination of $100,000 or more | $86,337,000 | $122,734,000 |
Federal_Home_Loan_Bank_Advance1
Federal Home Loan Bank Advances (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' |
Federal Home Loan Bank (''FHLB'') borrowings outstanding | $15,000,000 | $1,220,000 |
Federal Home Loan Bank of San Francisco | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' |
Federal Home Loan Bank (''FHLB'') borrowings outstanding | 15,000,000 | 1,220,000 |
Maximum borrowing capacity under (''FHLB") | 271,829,000 | ' |
Federal Home Loan Bank of San Francisco | Fhlb Advance At 0.06 Percent Due On 2 January 2014 | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' |
Federal Home Loan Bank (''FHLB'') borrowings outstanding | 2,000,000 | ' |
Federal Home Loan Bank borrowings rate | 0.06% | ' |
Federal Home Loan Bank of San Francisco | Fhlb Advance At 0.20 Percent Due On 10 January 2014 | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' |
Federal Home Loan Bank (''FHLB'') borrowings outstanding | 13,000,000 | ' |
Federal Home Loan Bank borrowings rate | 0.20% | ' |
Federal Home Loan Bank of San Francisco | Fhlb Advance At 1.05 Percent Due On 31 January 2013 | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' |
Federal Home Loan Bank (''FHLB'') borrowings outstanding | ' | 500,000 |
Federal Home Loan Bank borrowings rate | ' | 1.05% |
Federal Home Loan Bank of San Francisco | Fhlb Advance At 1.85 Percent Due On 22 January 2013 | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' |
Federal Home Loan Bank (''FHLB'') borrowings outstanding | ' | 330,000 |
Federal Home Loan Bank borrowings rate | ' | 1.85% |
Federal Home Loan Bank of San Francisco | Fhlb Advance At 4.99 Percent Due On 31 January 2013 | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' |
Federal Home Loan Bank (''FHLB'') borrowings outstanding | ' | $390,000 |
Federal Home Loan Bank borrowings rate | ' | 4.99% |
Commitments_and_Contingencies_1
Commitments and Contingencies (Detail) - Table of Operating Lease Commitments (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Commitments and Contingencies Disclosure [Abstract] | ' |
2014 | $971 |
2015 | 990 |
2016 | 1,010 |
2017 | 1,021 |
2018 | 556 |
Thereafter | 1,510 |
Total | $6,058 |
Commitments_and_Contingencies_2
Commitments and Contingencies (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Commitments and Contingencies Disclosure [Abstract] | ' | ' | ' |
Rent expense for operating leases | $1,339,000 | $1,025,000 | $846,000 |
Salary_Deferral_Plan_Detail
Salary Deferral Plan (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Pension And Other Postretirement Benefits Disclosure [Abstract] | ' | ' | ' |
Percentage of qualifying employees wages as a profit sharing contribution | '3% | ' | ' |
Accrued contribution to 401(k) plan | $398,000 | $371,000 | $308,000 |
Salary_Continuation_and_Deferr1
Salary Continuation and Deferred Compensation Plans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Pension Plan [Line Items] | ' | ' | ' |
Accrued compensation payable under the salary continuation plan | $401,879 | $371,000 | $250,000 |
Salary Continuation Plan | ' | ' | ' |
Pension Plan [Line Items] | ' | ' | ' |
Accrued compensation payable under the salary continuation plan | 2,332,000 | 2,060,000 | ' |
Deferred Compensation Plan | ' | ' | ' |
Pension Plan [Line Items] | ' | ' | ' |
Accrued compensation payable under the salary continuation plan | $1,214,000 | $785,000 | ' |
Preferred_Stock_Detail
Preferred Stock (Detail) (USD $) | 12 Months Ended | 0 Months Ended | ||||
Dec. 31, 2013 | 6-May-13 | Dec. 31, 2012 | Sep. 15, 2011 | Sep. 15, 2011 | Sep. 15, 2011 | |
Payment Terms First Five Years | Payment Terms First Two Years | Payment Terms Four and a Half Years and After | ||||
Preferred Stock series C | Preferred Stock series C | Preferred Stock series C | ||||
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items] | ' | ' | ' | ' | ' | ' |
Preferred stock, dividend rate, percentage | 1.00% | ' | ' | 5.00% | 7.00% | 9.00% |
Preferred stock, dividend payment terms | ' | ' | ' | ' | 'Two years | '4.5 years |
Preferred stock, redemption amount percentage | ' | 25.00% | ' | ' | ' | ' |
Preferred stock, redemption amount | ' | $3,150,000 | ' | ' | ' | ' |
Preferred stock value | 9,450,000 | 12,600,000 | 12,600,000 | ' | ' | ' |
Payment of remaining SBLF obligation | $9,450,000 | ' | ' | ' | ' | ' |
Income_Taxes_Detail_Table_of_I
Income Taxes (Detail) - Table of Income Taxes (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Current: | ' | ' | ' |
Income tax provision (benefit), current | $984 | $1,916 | $1,876 |
Deferred: | ' | ' | ' |
Income tax provision (benefit), deferred | 341 | -271 | -308 |
Income tax expense (benefit) | 1,325 | 1,645 | 1,568 |
Federal | ' | ' | ' |
Current: | ' | ' | ' |
Income tax provision (benefit), current | 697 | 467 | 1,201 |
Deferred: | ' | ' | ' |
Income tax provision (benefit), deferred | 197 | 420 | -75 |
State | ' | ' | ' |
Current: | ' | ' | ' |
Income tax provision (benefit), current | 287 | 1,449 | 675 |
Deferred: | ' | ' | ' |
Income tax provision (benefit), deferred | $144 | ($691) | ($233) |
Income_Taxes_Detail_Summary_of
Income Taxes (Detail) - Summary of Federal Income Tax Differences in Statutory and Effective Tax Rates in Percentages | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Statutory rates | 34.00% | 34.00% | 34.00% |
Increase (decrease) resulting from: | ' | ' | ' |
Tax exempt Income for federal purposes | -9.10% | -9.00% | -11.30% |
State taxes on income, net of federal benefit | 3.30% | 4.10% | 5.00% |
Benefits from low income housing credits | -1.00% | -0.90% | -4.80% |
Tax benefits related to an acquisition | ' | -13.50% | ' |
True-up of prior year provision | -4.30% | ' | ' |
Increase in the valuation reserve | -9.90% | 0.80% | ' |
Other, net | 2.10% | 0.20% | 4.10% |
Effective tax rate | 15.10% | 15.70% | 27.00% |
Income_Taxes_Detail_Table_of_D
Income Taxes (Detail) - Table of Deferred Tax Assets and Liabilities (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Deferred tax assets | ' | ' | ' |
Allowance for loan losses | ($9,879) | ($9,124) | ($9,897) |
Deferred tax liabilities | ' | ' | ' |
Net deferred tax asset before valuation allowance | 9,714 | 7,422 | 6,473 |
Valuation allowance | ' | -934 | -820 |
Net deferred tax assets (included in other assets) | 9,714 | 6,488 | 5,653 |
Assets | ' | ' | ' |
Deferred tax assets | ' | ' | ' |
Allowance for loan losses | 4,449 | 4,081 | 4,378 |
Accrued salaries and officers compensation | 1,492 | 1,276 | 1,399 |
Capitalized interest on buildings | 11 | 14 | ' |
Expenses accrued on books, not yet deductible in tax return | 1,480 | 2,065 | 2,039 |
Depreciation | 405 | 501 | 565 |
Net operating loss carryforward | 89 | 334 | 408 |
Tax credit carryforwards | 878 | 1,185 | 820 |
Acquisition accounting differences | 885 | 1,620 | ' |
Unrealized depreciation on available-for-sale securities | 876 | ' | ' |
Deferred tax assets, net | 10,565 | 11,076 | 9,609 |
Liability | ' | ' | ' |
Deferred tax liabilities | ' | ' | ' |
Unrealized appreciation on available-for-sale securities | ' | 2,698 | 2,283 |
State income taxes | 668 | 766 | 668 |
Core deposit intangible | 61 | 91 | 87 |
Expenses and credits deducted on tax return, not on books | 122 | 99 | 98 |
Total deferred tax liabilities | $851 | $3,654 | $3,136 |
Income_Taxes_Detail
Income Taxes (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Tax Operating Loss Carryforward [Line Items] | ' |
Operating loss carry-forwards | $262,000 |
Tax credit carryforward, description | 'The federal and state income tax credits are earned over a 10-year period as a result of the investment properties meeting certain criteria and are subject to recapture for noncompliance with such criteria over a 15-year period. |
Life | ' |
Tax Operating Loss Carryforward [Line Items] | ' |
Tax credit carryforward, description | 'fifteen |
Maximum | ' |
Tax Operating Loss Carryforward [Line Items] | ' |
Deferred tax assets, operating loss carryforwards | $469,000 |
Financial_Instruments_Detail_S
Financial Instruments (Detail) - Summary of Financial Instruments whose contract amounts represent Credit Risk (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Financial instruments whose contract amounts represent credit risk: | ' | ' |
Credit risk of financial instruments | $129,709 | $102,552 |
Undisbursed loan commitments | ' | ' |
Financial instruments whose contract amounts represent credit risk: | ' | ' |
Credit risk of financial instruments | 52,398 | 32,529 |
Lines of credit | ' | ' |
Financial instruments whose contract amounts represent credit risk: | ' | ' |
Credit risk of financial instruments | 65,120 | 62,616 |
Mastercard/Visa lines | ' | ' |
Financial instruments whose contract amounts represent credit risk: | ' | ' |
Credit risk of financial instruments | 5,992 | 4,998 |
Letters of credit | ' | ' |
Financial instruments whose contract amounts represent credit risk: | ' | ' |
Credit risk of financial instruments | $6,199 | $2,409 |
Financial_Instruments_Detail
Financial Instruments (Detail) (USD $) | Dec. 31, 2013 |
Financial | ' |
Letters Of Credit [Line Items] | ' |
Standby letters of credit | $5,318,000 |
Performance | ' |
Letters Of Credit [Line Items] | ' |
Standby letters of credit | $881,000 |
Fair_Value_Measurements_Detail
Fair Value Measurements (Detail) - Table of Assets and Liabilities Measured at Fair Value on a Recurring Basis (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [LineItems] | ' | ' |
U. S. Treasury securities | $3,027 | $7,280 |
Obligations of U.S. Government agencies | 73,319 | 72,260 |
Mortgage-backed securities | 77,860 | 55,180 |
Obligations of states and political subdivisions | 82,676 | 81,609 |
Total assets measured at fair value | 263,988 | 234,945 |
Quoted Prices in Active Markets for Identical Assets (Level 1) | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [LineItems] | ' | ' |
U. S. Treasury securities | 3,027 | 7,280 |
Obligations of U.S. Government agencies | ' | ' |
Mortgage-backed securities | ' | ' |
Obligations of states and political subdivisions | ' | ' |
Total assets measured at fair value | 3,027 | 7,280 |
Other Observable Inputs (Level 2) | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [LineItems] | ' | ' |
U. S. Treasury securities | ' | ' |
Obligations of U.S. Government agencies | 73,319 | 72,260 |
Mortgage-backed securities | 77,860 | 55,180 |
Obligations of states and political subdivisions | 82,676 | 81,609 |
Total assets measured at fair value | 260,961 | 227,665 |
Significant Unobservable Inputs (Level 3) | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [LineItems] | ' | ' |
U. S. Treasury securities | ' | ' |
Obligations of U.S. Government agencies | ' | ' |
Mortgage-backed securities | ' | ' |
Obligations of states and political subdivisions | ' | ' |
Total assets measured at fair value | ' | ' |
Corporate Debt | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [LineItems] | ' | ' |
Corporate debt | 27,106 | 18,616 |
Corporate Debt | Quoted Prices in Active Markets for Identical Assets (Level 1) | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [LineItems] | ' | ' |
Corporate debt | ' | ' |
Corporate Debt | Other Observable Inputs (Level 2) | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [LineItems] | ' | ' |
Corporate debt | 27,106 | 18,616 |
Corporate Debt | Significant Unobservable Inputs (Level 3) | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [LineItems] | ' | ' |
Corporate debt | ' | ' |
Fair_Value_Measurements_Detail1
Fair Value Measurements (Detail) - Table of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [LineItems] | ' | ' |
Impaired loans | $563,325 | $547,740 |
Other real estate owned | 3,027 | 7,280 |
Total impaired assets measured at fair value | 263,988 | 234,945 |
Quoted Prices in Active Markets for Identical Assets (Level 1) | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [LineItems] | ' | ' |
Other real estate owned | 3,027 | 7,280 |
Total impaired assets measured at fair value | 3,027 | 7,280 |
Other Observable Inputs (Level 2) | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [LineItems] | ' | ' |
Other real estate owned | ' | ' |
Total impaired assets measured at fair value | 260,961 | 227,665 |
Significant Unobservable Inputs (Level 3) | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [LineItems] | ' | ' |
Impaired loans | 563,325 | 547,740 |
Other real estate owned | ' | ' |
Total impaired assets measured at fair value | ' | ' |
Impaired Asset | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [LineItems] | ' | ' |
Impaired loans | 4,810 | 2,494 |
Other real estate owned | 1,771 | 4,710 |
Total impaired assets measured at fair value | 6,581 | 7,204 |
Impaired Asset | Quoted Prices in Active Markets for Identical Assets (Level 1) | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [LineItems] | ' | ' |
Impaired loans | ' | ' |
Other real estate owned | ' | ' |
Total impaired assets measured at fair value | ' | ' |
Impaired Asset | Other Observable Inputs (Level 2) | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [LineItems] | ' | ' |
Impaired loans | ' | ' |
Other real estate owned | ' | ' |
Total impaired assets measured at fair value | ' | ' |
Impaired Asset | Significant Unobservable Inputs (Level 3) | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [LineItems] | ' | ' |
Impaired loans | 4,810 | 2,494 |
Other real estate owned | 1,771 | 4,710 |
Total impaired assets measured at fair value | $6,581 | $7,204 |
Fair_Value_Measurements_Detail2
Fair Value Measurements (Detail) - Table of Estimated Fair Value of Assets and Liabilities (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents, Carrying amount | $14,007,000 | $27,861,000 | $38,474,000 | $60,874,000 |
Cash and cash equivalents, Fair value | 14,007,000 | 27,861,000 | ' | ' |
Interest-bearing time deposits with financial Institutions, Carrying amount | 5,543,000 | 13,216,000 | ' | ' |
Interest-bearing time deposits with financial institutions, Fair value | 5,543,000 | 13,216,000 | ' | ' |
Securities available for sale, Carrying amount | 263,988,000 | 234,945,000 | ' | ' |
Securities available-for-sale, Fair value | 263,988,000 | 234,945,000 | ' | ' |
Loans, net, Carrying amount | 562,717,000 | 550,917,000 | ' | ' |
Loans, net ,Fair value | 563,325,000 | 547,740,000 | ' | ' |
Available-for-sale Securities, Equity Securities | 5,300,000 | 5,464,000 | ' | ' |
Other equity securities, Fair Value | 5,300,000 | 5,464,000 | ' | ' |
Accrued interest receivable, Carrying amount | 3,808,000 | 3,760,000 | ' | ' |
Accrued interest receivable,Fair value | 3,808,000 | 3,760,000 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits, Carrying amount | 773,615,000 | 768,352,000 | ' | ' |
Deposits, Fair value | 774,012,000 | 769,043,000 | ' | ' |
Federal Home Loan Bank advances, Carrying amount | 15,000,000 | 1,220,000 | ' | ' |
Federal Home Loan Bank advances, Fair value | 15,000,000 | 1,221,000 | ' | ' |
Accrued interest payable, Carrying amount | 224,000 | 349,000 | ' | ' |
Accrued interest payable, Fair value | 224,000 | 349,000 | ' | ' |
Off-balance-sheet liabilities: | ' | ' | ' | ' |
Undisbursed loan commitments, lines of credit, standby letters of credit and Mastercard lines of credit, Fair value | 1,297,000 | 1,026,000 | ' | ' |
Fair value measurements Level 1 | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents, Fair value | 14,007,000 | 27,861,000 | ' | ' |
Securities available-for-sale, Fair value | 3,027,000 | 7,280,000 | ' | ' |
Fair value measurements Level 2 | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Interest-bearing time deposits with financial institutions, Fair value | 5,543,000 | 13,216,000 | ' | ' |
Securities available-for-sale, Fair value | 260,961,000 | 227,665,000 | ' | ' |
Accrued interest receivable,Fair value | 3,808,000 | 3,760,000 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits, Fair value | 774,012,000 | 769,043,000 | ' | ' |
Federal Home Loan Bank advances, Fair value | 15,000,000 | 1,221,000 | ' | ' |
Accrued interest payable, Fair value | 224,000 | 349,000 | ' | ' |
Fair value measurements Level 3 | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Loans, net ,Fair value | 563,325,000 | 547,740,000 | ' | ' |
Other equity securities, Fair Value | 5,300,000 | 5,464,000 | ' | ' |
Off-balance-sheet liabilities: | ' | ' | ' | ' |
Undisbursed loan commitments, lines of credit, standby letters of credit and Mastercard lines of credit, Fair value | $1,297,000 | $1,026,000 | ' | ' |
Regulatory_Matters_Detail_Summ
Regulatory Matters (Detail) - Summary of Consolidated Actual Capital and Ratios (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Consolidated Company | Total to Risk-Weighted Assets | ' | ' |
Risk Based Capital [Line Items] | ' | ' |
Total risk-based capital, Actual Amount | $97,491 | $94,556 |
Total risk-based capital, Actual Ratio | 14.30% | 14.65% |
Total risk-based capital, For capital adequacy purposes, Amount | 5,454,042 | 5,163,468 |
Total risk-based capital, For capital adequacy purposes, Ratio | 8.00% | 8.00% |
Total risk-based capital,To be well capitalized under prompt corrective action provisions, Amount | 68,164 | 64,537 |
Total risk-based capital,To be well capitalized under prompt corrective action provisions, Ratio | ' | ' |
Consolidated Company | Tier 1 Capital to Risk-Weighted Assets | ' | ' |
Risk Based Capital [Line Items] | ' | ' |
Tier 1 capital , Actual, Amount | 88,949 | 86,476 |
Tier 1 capital, Actual, Ratio | 13.05% | 13.40% |
Tier 1 capital , For capital adequacy purposes, Amount | 2,726,406 | 2,581,373 |
Tier 1 capital , For capital adequacy purposes, Ratio | 4.00% | 4.00% |
Tier 1 capital ,To be well capitalized under prompt corrective action provisions, Amount | 40,920 | 38,716 |
Tier 1 capital ,To be well capitalized under prompt corrective action provisions, Ratio | ' | ' |
Consolidated Company | Tier 1 Leverage Capital to Total Average Assets | ' | ' |
Risk Based Capital [Line Items] | ' | ' |
Tier 1 leverage capital , Actual, Amount | 88,949 | 86,476 |
Tier 1 leverage capital, Actual,Ratio | 9.81% | 9.75% |
Tier 1 leverage capital, For capital adequacy purposes, Amount | 3,626,871 | 3,547,733 |
Tier 1 leverage capital, For capital adequacy purposes, Ratio | 4.00% | 4.00% |
Tier 1 leverage capital, To be well capitalized under prompt corrective action provisions, Amount | 45,349 | 44,363 |
Tier 1 leverage capital,To be well capitalized under prompt corrective action provisions, Ratio | ' | ' |
Bank | Total to Risk-Weighted Assets | ' | ' |
Risk Based Capital [Line Items] | ' | ' |
Total risk-based capital, Actual Amount | 96,247 | 93,966 |
Total risk-based capital, Actual Ratio | 14.12% | 14.56% |
Total risk-based capital, For capital adequacy purposes, Amount | 52,883 | 51,630 |
Total risk-based capital, For capital adequacy purposes, Ratio | 8.00% | 8.00% |
Total risk-based capital,To be well capitalized under prompt corrective action provisions, Amount | 68,164 | 64,537 |
Total risk-based capital,To be well capitalized under prompt corrective action provisions, Ratio | 10.00% | 10.00% |
Bank | Tier 1 Capital to Risk-Weighted Assets | ' | ' |
Risk Based Capital [Line Items] | ' | ' |
Tier 1 capital , Actual, Amount | 87,705 | 85,886 |
Tier 1 capital, Actual, Ratio | 12.86% | 13.31% |
Tier 1 capital , For capital adequacy purposes, Amount | 26,358 | 25,811 |
Tier 1 capital , For capital adequacy purposes, Ratio | 4.00% | 4.00% |
Tier 1 capital ,To be well capitalized under prompt corrective action provisions, Amount | 40,920 | 38,716 |
Tier 1 capital ,To be well capitalized under prompt corrective action provisions, Ratio | 6.00% | 6.00% |
Bank | Tier 1 Leverage Capital to Total Average Assets | ' | ' |
Risk Based Capital [Line Items] | ' | ' |
Tier 1 leverage capital , Actual, Amount | 87,705 | 85,886 |
Tier 1 leverage capital, Actual,Ratio | 9.67% | 9.68% |
Tier 1 leverage capital, For capital adequacy purposes, Amount | 3,627,921 | 3,549,008 |
Tier 1 leverage capital, For capital adequacy purposes, Ratio | 4.00% | 4.00% |
Tier 1 leverage capital, To be well capitalized under prompt corrective action provisions, Amount | $45,349 | $44,363 |
Tier 1 leverage capital,To be well capitalized under prompt corrective action provisions, Ratio | 5.00% | 5.00% |
Stock_Option_Plans_Detail_Tabl
Stock Option Plans (Detail) - Table of Stock Option Plans (USD $) | 12 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
FNB Bancorp Plan 2008 | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Outstanding at January 1, 2013 ,Shares | 216,800 | ' |
Outstanding at January 1, 2013, Weighted Average Exercise Price (in dollars per share) | $8.76 | ' |
Granted shares | 136,704 | ' |
Granted, Weighted Average Exercise Price (in dollars per share) | $22.86 | ' |
Exercised, Shares | -51,914 | -14,493 |
Exercised, Weighted Average Exercise Price (in dollars per share) | $8.27 | ' |
Exercised, Aggregate Intrinsic Value (in dollars) | $637 | ' |
Forfeited or expired, Shares | ' | ' |
Forfeited or expired, Weighted Average Exercise Price (in dollars per share) | ' | ' |
Outstanding at December 31, 2013, Shares | 301,590 | 216,800 |
Outstanding at December 31, 2013, Weighted Average Exercise Price (in dollars per share) | $15.23 | $8.76 |
Outstanding at December 31, 2013, Weighted- Average Remaining Contractual Term (in years) | '7 years 8 months 12 days | ' |
Outstanding at December 31, 2013, Aggregate Intrinsic Value (in dollars) | 3,851 | ' |
Exercisable at December 31, 2013, Shares | 130,230 | ' |
Exercisable at December 31, 2013, Weighted Average Exercise Price (in dollars per share) | $10.57 | ' |
Exercisable at December 31, 2013, Weighted- Average Remaining Contractual Term (in years) | '6 years 3 months 18 days | ' |
Exercisable at December 31, 2013 , Aggregate Intrinsic Value (in dollars) | 2,270 | ' |
FNB Bancorp Plan 2002 | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Outstanding at January 1, 2013 ,Shares | 220,010 | ' |
Outstanding at January 1, 2013, Weighted Average Exercise Price (in dollars per share) | $20.11 | ' |
Granted shares | ' | ' |
Granted, Weighted Average Exercise Price (in dollars per share) | ' | ' |
Exercised, Shares | -52,630 | -2,689 |
Exercised, Weighted Average Exercise Price (in dollars per share) | $15.87 | ' |
Exercised, Aggregate Intrinsic Value (in dollars) | ' | ' |
Forfeited or expired, Shares | -2,653 | ' |
Forfeited or expired, Weighted Average Exercise Price (in dollars per share) | $14.62 | ' |
Outstanding at December 31, 2013, Shares | 164,727 | 220,010 |
Outstanding at December 31, 2013, Weighted Average Exercise Price (in dollars per share) | $21.56 | $20.11 |
Outstanding at December 31, 2013, Weighted- Average Remaining Contractual Term (in years) | '1 year 10 months 24 days | ' |
Outstanding at December 31, 2013, Aggregate Intrinsic Value (in dollars) | 1,061 | ' |
Exercisable at December 31, 2013, Shares | 164,727 | ' |
Exercisable at December 31, 2013, Weighted Average Exercise Price (in dollars per share) | $21.56 | ' |
Exercisable at December 31, 2013, Weighted- Average Remaining Contractual Term (in years) | '1 year 10 months 24 days | ' |
Exercisable at December 31, 2013 , Aggregate Intrinsic Value (in dollars) | 1,061 | ' |
FNB Bancorp Bank 1997 | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Outstanding at January 1, 2013 ,Shares | 30,112 | ' |
Outstanding at January 1, 2013, Weighted Average Exercise Price (in dollars per share) | $21.68 | ' |
Granted shares | ' | ' |
Granted, Weighted Average Exercise Price (in dollars per share) | ' | ' |
Exercised, Shares | ' | ' |
Exercised, Weighted Average Exercise Price (in dollars per share) | ' | ' |
Exercised, Aggregate Intrinsic Value (in dollars) | ' | ' |
Forfeited or expired, Shares | ' | ' |
Forfeited or expired, Weighted Average Exercise Price (in dollars per share) | ' | ' |
Outstanding at December 31, 2013, Shares | 30,112 | ' |
Outstanding at December 31, 2013, Weighted Average Exercise Price (in dollars per share) | $21.68 | ' |
Outstanding at December 31, 2013, Weighted- Average Remaining Contractual Term (in years) | '3 years 6 months | ' |
Outstanding at December 31, 2013, Aggregate Intrinsic Value (in dollars) | 190 | ' |
Exercisable at December 31, 2013, Shares | 30,112 | ' |
Exercisable at December 31, 2013, Weighted Average Exercise Price (in dollars per share) | $21.68 | ' |
Exercisable at December 31, 2013, Weighted- Average Remaining Contractual Term (in years) | '3 years 6 months | ' |
Exercisable at December 31, 2013 , Aggregate Intrinsic Value (in dollars) | $190 | ' |
Stock_Option_Plans_Detail_Tabl1
Stock Option Plans (Detail) - Table of Stock Options Plan Supplemental Information (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
FNB Bancorp Plan 2008 | ' | ' | ' |
Pension Plan [Line Items] | ' | ' | ' |
Options outstanding | 301,590 | 216,800 | 232,019 |
Range of exercise prices - lower | $6.14 | $6.14 | $6.14 |
Range of exercise prices - upper | $26.60 | $11.83 | $11.83 |
Weighted average remaining contractual life | '7 years 8 months 12 days | '7 years | '8 years |
Fully vested options | 130,230 | 120,609 | 94,228 |
Weighted average exercise price | $10.57 | $8.18 | $7.93 |
Aggregate intrinsic value (in dollars) | $2,270,122 | $1,144,601 | $292,526 |
Weighted average remaining contractual life (in years) | '6 years 3 months 18 days | '6 years 7 months 6 days | '7 years 4 months 24 days |
FNB Bancorp Plan 2002 | ' | ' | ' |
Pension Plan [Line Items] | ' | ' | ' |
Options outstanding | 164,727 | 220,010 | 257,454 |
Range of exercise prices - lower | $15.31 | $14.62 | $14.62 |
Range of exercise prices - upper | $24.54 | $24.54 | $24.54 |
Weighted average remaining contractual life | '1 year 10 months 24 days | '2 years 4 months 24 days | '3 years |
Fully vested options | 164,727 | 220,010 | 252,079 |
Weighted average exercise price | $21.56 | $20.11 | $19.36 |
Aggregate intrinsic value (in dollars) | 1,061,071 | 132,051 | 0 |
Weighted average remaining contractual life (in years) | '1 year 10 months 24 days | '2 years 4 months 24 days | '2 years 10 months 24 days |
FNB Bancorp Bank 1997 | ' | ' | ' |
Pension Plan [Line Items] | ' | ' | ' |
Options outstanding | 30,112 | 30,112 | 30,112 |
Range of exercise prices - lower | $21.68 | $21.68 | $21.68 |
Range of exercise prices - upper | $21.68 | $21.58 | $21.58 |
Weighted average remaining contractual life | '3 years 6 months | '4 years 6 months | '5 years 6 months |
Fully vested options | 30,112 | 30,112 | 24,087 |
Weighted average exercise price | $21.68 | $21.68 | $21.68 |
Aggregate intrinsic value (in dollars) | $190,437 | $0 | $0 |
Weighted average remaining contractual life (in years) | '3 years 6 months | '4 years 6 months | '5 years 6 months |
Stock_Option_Plans_Detail
Stock Option Plans (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Share Based Compensation Options Terms [Line Items] | ' | ' | ' |
Share-based compensation arrangement by share-based payment award, number of shares authorized (in shares) | 133,657 | ' | ' |
Share-based compensation arrangement by share-based payment award, award vesting rights | '20% | ' | ' |
Allocated share-based compensation expense (in dollars) | $328,000 | $210,000 | $293,000 |
Income tax benefit related to stock option exercises | 354,000 | 30,000 | 0 |
Employee service share-based compensation, nonvested awards, total compensation cost not yet recognized, stock options (in dollars) | $910,000 | ' | ' |
Employee service share-based compensation, nonvested awards, total compensation cost not yet recognized, period for recognition | '4 years | ' | ' |
Share-based compensation arrangement by share-based payment award, fair value assumptions, expected dividend rate | 1.35% | ' | ' |
Share-based compensation arrangement by share-based payment award, fair value assumptions, risk free interest rate | 2.55% | ' | ' |
Share-based compensation arrangement by share-based payment award, fair value assumptions, expected volatility rate | 24.71% | ' | ' |
Share-based compensation arrangement by share-based payment award, fair value assumptions, expected term | '9 years 3 months 18 days | ' | ' |
Share-based compensation arrangement by share-based payment award, options, grants in period, weighted average grant date fair value (in dollars per share) | $7.81 | ' | ' |
Exercisable Period | Minimum | ' | ' | ' |
Share Based Compensation Options Terms [Line Items] | ' | ' | ' |
Share-based compensation arrangement by share-based payment award, options, exercisable, weighted average remaining contractual term | '1 year | ' | ' |
Exercisable Period | Maximum | ' | ' | ' |
Share Based Compensation Options Terms [Line Items] | ' | ' | ' |
Share-based compensation arrangement by share-based payment award, options, exercisable, weighted average remaining contractual term | '5 years | ' | ' |
Years to Expiration after Grant Date | ' | ' | ' |
Share Based Compensation Options Terms [Line Items] | ' | ' | ' |
Share-based compensation arrangement by share-based payment award, terms of award | '10 years | ' | ' |
Quarterly_Data_Unaudited_Detai
Quarterly Data (Unaudited) (Detail) - Summary of Quarterly Data (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Period [Line Items] | ' | ' | ' |
Interest income | $37,389 | $33,588 | $32,897 |
Interest expense | 2,395 | 2,727 | 3,327 |
Net interest income | 34,994 | 30,861 | 29,570 |
Provision for loan losses | 1,385 | 1,833 | 1,750 |
Net interest income after provision for loan losses | 33,609 | 29,028 | 27,820 |
Income before income taxes | 8,764 | 10,448 | 5,825 |
Provision (benefit) for income taxes | 1,325 | 1,645 | 1,568 |
Net earnings | 7,439 | 8,803 | 4,257 |
Net earnings available to common shareholders | 6,872 | 8,145 | 3,457 |
Basic earnings per share (in dollars per share) | $1.75 | $2.10 | $0.89 |
Diluted earnings per share (in dollars per share) | $1.71 | $2.07 | $0.89 |
First Quarter | ' | ' | ' |
Period [Line Items] | ' | ' | ' |
Interest income | 9,397 | 7,882 | ' |
Interest expense | 682 | 684 | ' |
Net interest income | 8,715 | 7,198 | ' |
Provision for loan losses | 600 | 400 | ' |
Net interest income after provision for loan losses | 8,115 | 6,798 | ' |
Non-interest income | 976 | 1,920 | ' |
Non-interest expense | 7,739 | 7,053 | ' |
Income before income taxes | 1,352 | 1,665 | ' |
Provision (benefit) for income taxes | 422 | 377 | ' |
Net earnings | 930 | 1,288 | 803 |
Dividends and discount accretion on preferred stock | 158 | 186 | ' |
Net earnings available to common shareholders | 772 | 1,102 | ' |
Basic earnings per share (in dollars per share) | $0.20 | $0.28 | ' |
Diluted earnings per share (in dollars per share) | $0.19 | $0.28 | ' |
Second Quarter | ' | ' | ' |
Period [Line Items] | ' | ' | ' |
Interest income | 9,358 | 7,878 | ' |
Interest expense | 639 | 653 | ' |
Net interest income | 8,719 | 7,225 | ' |
Provision for loan losses | 510 | 400 | ' |
Net interest income after provision for loan losses | 8,209 | 6,825 | ' |
Non-interest income | 1,092 | 1,415 | ' |
Non-interest expense | 7,385 | 6,498 | ' |
Income before income taxes | 1,916 | 1,742 | ' |
Provision (benefit) for income taxes | 537 | 514 | ' |
Net earnings | 1,379 | 1,228 | 1,180 |
Dividends and discount accretion on preferred stock | 172 | 157 | ' |
Net earnings available to common shareholders | 1,207 | 1,071 | ' |
Basic earnings per share (in dollars per share) | $0.31 | $0.28 | ' |
Diluted earnings per share (in dollars per share) | $0.30 | $0.27 | ' |
Third Quarter | ' | ' | ' |
Period [Line Items] | ' | ' | ' |
Interest income | 9,259 | 8,361 | ' |
Interest expense | 560 | 663 | ' |
Net interest income | 8,699 | 7,698 | ' |
Provision for loan losses | 225 | 400 | ' |
Net interest income after provision for loan losses | 8,474 | 7,298 | ' |
Non-interest income | 978 | 4,764 | ' |
Non-interest expense | 6,950 | 6,631 | ' |
Income before income taxes | 2,502 | 5,431 | ' |
Provision (benefit) for income taxes | -629 | 490 | ' |
Net earnings | 3,131 | 4,941 | 1,189 |
Dividends and discount accretion on preferred stock | 118 | 158 | ' |
Net earnings available to common shareholders | 3,013 | 4,783 | ' |
Basic earnings per share (in dollars per share) | $0.76 | $1.23 | ' |
Diluted earnings per share (in dollars per share) | $0.75 | $1.21 | ' |
Fourth Quarter | ' | ' | ' |
Period [Line Items] | ' | ' | ' |
Interest income | 9,375 | 9,467 | ' |
Interest expense | 514 | 727 | ' |
Net interest income | 8,861 | 8,740 | ' |
Provision for loan losses | 50 | 633 | ' |
Net interest income after provision for loan losses | 8,811 | 8,107 | ' |
Non-interest income | 1,137 | 1,060 | ' |
Non-interest expense | 6,954 | 7,557 | ' |
Income before income taxes | 2,994 | 1,610 | ' |
Provision (benefit) for income taxes | 995 | 264 | ' |
Net earnings | 1,999 | 1,346 | 1,085 |
Dividends and discount accretion on preferred stock | 119 | 157 | ' |
Net earnings available to common shareholders | $1,880 | $1,189 | ' |
Basic earnings per share (in dollars per share) | $0.47 | $0.31 | ' |
Diluted earnings per share (in dollars per share) | $0.46 | $0.30 | ' |
Condensed_Financial_Informatio2
Condensed Financial Information of Parent Company (Detail) - Condensed Balance Sheet of Parent Company (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Assets: | ' | ' | ' | ' |
Cash and due from banks | $14,007 | $27,861 | ' | ' |
Other assets | 14,418 | 14,177 | ' | ' |
Total assets | 891,930 | 875,340 | ' | ' |
Liabilities: | ' | ' | ' | ' |
Dividend declared | 398 | 296 | 210 | ' |
Total liabilities | 797,681 | 779,982 | ' | ' |
Stockholders' equity | 94,249 | 95,358 | 87,196 | 80,924 |
Total liabilities and stockholders' equity | 891,930 | 875,340 | ' | ' |
Parent | ' | ' | ' | ' |
Assets: | ' | ' | ' | ' |
Cash and due from banks | 981 | 512 | ' | ' |
Investments in subsidiary | 93,005 | 94,768 | ' | ' |
Income tax receivable from subsidiary | 49 | 49 | ' | ' |
Dividend receivable from subsidiary | 398 | 296 | ' | ' |
Other assets | 242 | 50 | ' | ' |
Total assets | 94,675 | 95,675 | ' | ' |
Liabilities: | ' | ' | ' | ' |
Dividend declared | 398 | 296 | ' | ' |
Other liabilities | 28 | 21 | ' | ' |
Total liabilities | 426 | 317 | ' | ' |
Stockholders' equity | 94,249 | 95,358 | 87,196 | ' |
Total liabilities and stockholders' equity | $94,675 | $95,675 | ' | ' |
Condensed_Financial_Informatio3
Condensed Financial Information of Parent Company (Detail) - Condensed Statement of Earnings (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income: | ' | ' | ' |
Total income | ($69) | ($77) | ($571) |
Expense: | ' | ' | ' |
Income tax expense/(benefit) | 1,325 | 1,645 | 1,568 |
Income before equity in undistributed earnings of subsidiary | 8,764 | 10,448 | 5,825 |
Net earnings | 7,439 | 8,803 | 4,257 |
Net earnings available to common shareholders | 6,872 | 8,145 | 3,457 |
Parent | ' | ' | ' |
Income: | ' | ' | ' |
Dividends from subsidiary | 3,955 | 1,279 | 1,269 |
Total income | 3,955 | 1,279 | 1,269 |
Expense: | ' | ' | ' |
Other expense | 111 | 85 | 64 |
Total expense | 111 | 85 | 64 |
Income before income taxes and equity in undistributed earnings of subsidiary | 3,844 | 1,194 | 1,205 |
Income tax expense/(benefit) | ' | -41 | -2 |
Income before equity in undistributed earnings of subsidiary | 3,844 | 1,235 | 1,207 |
Equity in undistributed earnings of subsidiary | 3,595 | 7,568 | 3,050 |
Net earnings | 7,439 | 8,803 | 4,257 |
Dividends and discount accretion on preferred stock | 567 | 658 | 800 |
Net earnings available to common shareholders | $6,872 | $8,145 | $3,457 |
Condensed_Financial_Informatio4
Condensed Financial Information of Parent Company (Detail) - Condensed Statement of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' | ' |
Net earnings | $7,439 | $8,803 | $4,257 |
Net increase in other assets | -278 | -3,177 | 1,832 |
Stock-based compensation expense | 328 | 210 | 293 |
Cash flows from operating activities | 14,647 | 9,068 | 10,262 |
Stock options exercised, including tax benefits of $191 in 2013, $30 in 2012, and none in 2011 | 1,067 | 151 | 11 |
Cash dividends on preferred stock series A, B, C | ' | ' | -545 |
Cash flows provided by financing activities | 15,335 | 32,849 | -7,767 |
Parent | ' | ' | ' |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' | ' |
Net earnings | 7,439 | 8,803 | 4,257 |
Income tax (receivable from) subsidiary | ' | -42 | 1 |
Options expense (payable to) receivable from subsidiary | ' | ' | -215 |
Net increase in other assets | -192 | -31 | ' |
Net increase in other liabilities | 404 | 11 | ' |
Undistributed earnings of subsidiary | -3,595 | -7,568 | -3,050 |
Stock-based compensation expense | 328 | 210 | 293 |
Cash flows from operating activities | 4,384 | 1,383 | 1,286 |
Repayment of capital purchase program | -3,150 | ' | -12,600 |
Small Business Lending Fund funds received | ' | ' | -12,600 |
Stock options exercised, including tax benefits of $191 in 2013, $30 in 2012, and none in 2011 | 1,258 | 181 | 11 |
Dividends on common stock | -1,456 | -968 | -568 |
Cash dividends on preferred stock series A, B, C | -567 | -658 | -545 |
Cash flows provided by financing activities | -3,915 | -1,445 | -1,102 |
Net (decrease) increase in cash | 469 | -62 | 184 |
Cash, beginning of year | 512 | 574 | 390 |
Cash, end of year | $981 | $512 | $574 |
Condensed_Financial_Informatio5
Condensed Financial Information of Parent Company (Detail) - Condensed Statement of Cash Flows (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' | ' |
Stock options tax benefits | $354,000 | $30,000 | $0 |
Parent | ' | ' | ' |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' | ' |
Stock options tax benefits | $191,000 | $30,000 | ' |