Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2014 | 9-May-14 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Document Period End Date | 31-Mar-14 | ' |
Amendment Flag | 'false | ' |
Entity Registrant Name | 'NORTHRIM BANCORP INC | ' |
Entity Central Index Key | '0001163370 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Entity Common Stock, Shares Outstanding | ' | 6,827,864 |
Trading Symbol | 'NRIM | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $33,116 | $33,112 |
Interest bearing deposits in other banks | 75,725 | 65,979 |
Investment securities available for sale | 232,218 | 248,688 |
Investment securities held to maturity | 2,206 | 2,208 |
Total portfolio investments | 234,424 | 250,896 |
Investment in Federal Home Loan Bank stock | 1,818 | 1,896 |
Loans held for sale | 14,328 | 11,301 |
Loans | 763,065 | 770,016 |
Allowance for loan losses | -16,032 | -16,282 |
Net loans | 761,361 | 765,035 |
Purchased receivables, net | 9,900 | 16,025 |
Accrued interest receivable | 2,934 | 2,729 |
Other real estate owned, net | 3,443 | 2,402 |
Premises and equipment, net | 27,794 | 28,324 |
Goodwill and intangible assets, net | 7,889 | 7,942 |
Other assets | 45,170 | 40,666 |
Total assets | 1,203,574 | 1,215,006 |
LIABILITIES | ' | ' |
Demand | 355,043 | 363,969 |
Interest-bearing demand | 142,981 | 143,703 |
Savings | 99,034 | 94,518 |
Alaska CDs | 112,531 | 112,702 |
Money market | 202,678 | 202,606 |
Certificates of deposit less than $100,000 | 34,844 | 35,432 |
Certificates of deposit greater than $100,000 | 50,646 | 50,793 |
Total deposits | 997,757 | 1,003,723 |
Securities sold under repurchase agreements | 19,886 | 21,143 |
Borrowings | 2,197 | 6,527 |
Junior subordinated debentures | 18,558 | 18,558 |
Other liabilities | 19,246 | 20,737 |
Total liabilities | 1,057,644 | 1,070,688 |
SHAREHOLDERS' EQUITY | ' | ' |
Preferred stock, $1 par value, 2,500,000 shares authorized, none issued or outstanding | 0 | 0 |
Common stock, $1 par value, 10,000,000 shares authorized, 6,537,652 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively | 6,538 | 6,538 |
Additional paid-in capital | 54,196 | 54,089 |
Retained earnings | 84,391 | 82,855 |
Accumulated other comprehensive income | 668 | 669 |
Total Northrim BanCorp shareholders' equity | 145,793 | 144,151 |
Noncontrolling interest | 137 | 167 |
Total shareholders' equity | 145,930 | 144,318 |
Total liabilities and shareholders' equity | $1,203,574 | $1,215,006 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Statement of Financial Position [Abstract] | ' | ' |
Preferred stock, par value | $1 | $1 |
Preferred stock, shares authorized | 2,500,000 | 2,500,000 |
Preferred stock, issued | 0 | 0 |
Preferred stock, outstanding | 0 | 0 |
Common stock, par value | $1 | $1 |
Common stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, shares issued | 6,827,864 | 6,537,652 |
Common stock, shares outstanding | 6,827,864 | 6,537,652 |
Consolidated_Statements_Of_Inc
Consolidated Statements Of Income (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Interest Income | ' | ' |
Interest and fees on loans | $10,871 | $10,342 |
Interest on investment securities available for sale | 730 | 659 |
Interest on investment securities held to maturity | 23 | 29 |
Interest on deposits in other banks | 49 | 62 |
Total Interest Income | 11,673 | 11,092 |
Interest Expense | ' | ' |
Interest expense on deposits, borrowings and junior subordinated debentures | 440 | 530 |
Net Interest Income | 11,233 | 10,562 |
Provision for loan losses | 0 | 150 |
Net Interest Income After Provision for Loan Losses | 11,233 | 10,412 |
Other Operating Income | ' | ' |
Employee benefit plan income | 876 | 569 |
Electronic banking income | 500 | 504 |
Purchased receivable income | 481 | 702 |
Service charges on deposit accounts | 476 | 525 |
Gain on sale of securities | 97 | 218 |
Equity in earnings (loss) from RML | -131 | 242 |
Other income | 435 | 379 |
Total Other Operating Income | 2,734 | 3,139 |
Other Operating Expense | ' | ' |
Salaries and other personnel expense | 5,920 | 5,735 |
Occupancy expense | 877 | 888 |
Professional and outside services | 724 | 349 |
Marketing expense | 614 | 447 |
Amortization of low income housing tax investments | 342 | 245 |
Equipment expense | 298 | 278 |
Software expense | 260 | 265 |
Internet banking expense | 200 | 184 |
Insurance expense | 185 | 144 |
Intangible asset amortization expense | 52 | 58 |
OREO (income) expense, net rental income and gains on sale | -238 | -6 |
Other operating expense | 1,075 | 1,110 |
Total Other Operating Expense | 10,309 | 9,697 |
Income Before Provision for Income Taxes | 3,658 | 3,854 |
Provision for income taxes | 955 | 1,090 |
Net Income | 2,703 | 2,764 |
Less: Net income attributable to the noncontrolling interest | 45 | 90 |
Net Income Attributable to Northrim BanCorp | $2,658 | $2,674 |
Earnings Per Share, Basic (USD per share) | $0.41 | $0.41 |
Earnings per share, diluted (USD per share) | $0.40 | $0.41 |
Weighted Average Shares Outstanding, Basic (shares) | 6,537,652 | 6,512,455 |
Weighted Average Shares Outstanding, Diluted (shares) | 6,629,330 | 6,590,807 |
Consolidated_Statements_Of_Com
Consolidated Statements Of Comprehensive Income (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' |
Net income | $2,703 | $2,764 |
Other comprehensive income, net of tax: | ' | ' |
Unrealized gains arising during the period | 95 | 151 |
Reclassification of net gains included in net income (net of tax expense $40,000 and $90,000 in 2014 and 2013, respectively) | -57 | -128 |
Income tax expense related to unrealized gains | -39 | -63 |
Other comprehensive income (loss) | -1 | -40 |
Comprehensive income | 2,702 | 2,724 |
Less: comprehensive income attributable to the noncontrolling interest | 45 | 90 |
Comprehensive income attributable to Northrim BanCorp | $2,657 | $2,634 |
Consolidated_Statements_Of_Com1
Consolidated Statements Of Comprehensive Income (Parenthetical) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' |
Reclassification of Net Gains | $40 | $90 |
Consolidated_Statements_Of_Cha
Consolidated Statements Of Changes In Shareholders' Equity (USD $) | Total | Common Stock | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income | Non-controlling Interest |
In Thousands, except Share data | ||||||
Beginning balance, value at Dec. 31, 2012 | $136,353 | $6,512 | $53,638 | $74,742 | $1,368 | $93 |
Beginning balance, shares at Dec. 31, 2012 | ' | 6,512 | ' | ' | ' | ' |
Cash dividend declared | -4,212 | ' | ' | -4,212 | ' | ' |
Stock based compensation expense | 506 | ' | 506 | ' | ' | ' |
Exercise of stock options, shares | ' | 26 | ' | ' | ' | ' |
Exercise of stock options | -129 | 26 | -155 | ' | ' | ' |
Excess tax benefits from share-based payment arrangements | 100 | ' | 100 | ' | ' | ' |
Distributions to noncontrolling interest | -13 | ' | ' | ' | ' | -13 |
Change in unrealized holding gain on available for sale securities, net of tax | -699 | ' | ' | ' | -699 | ' |
Net income attributable to the noncontrolling interest | 87 | ' | ' | ' | ' | 87 |
Net Income Attributable to Northrim BanCorp | 12,325 | ' | ' | 12,325 | ' | ' |
Ending balance, value at Dec. 31, 2013 | 144,318 | 6,538 | 54,089 | 82,855 | 669 | 167 |
Ending balance, shares at Dec. 31, 2013 | 6,537,652 | 6,538 | ' | ' | ' | ' |
Cash dividend declared | -1,122 | ' | ' | -1,122 | ' | ' |
Stock based compensation expense | 107 | ' | 107 | ' | ' | ' |
Exercise of stock options, shares | ' | 0 | ' | ' | ' | ' |
Exercise of stock options | 0 | 0 | 0 | ' | ' | ' |
Excess tax benefits from share-based payment arrangements | 0 | ' | 0 | ' | ' | ' |
Distributions to noncontrolling interest | -75 | ' | ' | ' | ' | -75 |
Change in unrealized holding gain on available for sale securities, net of tax | -1 | ' | ' | ' | -1 | ' |
Net income attributable to the noncontrolling interest | 45 | ' | ' | ' | ' | 45 |
Net Income Attributable to Northrim BanCorp | 2,658 | ' | ' | 2,658 | ' | ' |
Ending balance, value at Mar. 31, 2014 | $145,930 | $6,538 | $54,196 | $84,391 | $668 | $137 |
Ending balance, shares at Mar. 31, 2014 | 6,827,864 | 6,538 | ' | ' | ' | ' |
Consolidated_Statement_Of_Cash
Consolidated Statement Of Cash Flows (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Operating Activities: | ' | ' |
Net income | $2,703 | $2,764 |
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: | ' | ' |
Gain on sale of securities, net | -97 | -218 |
Depreciation and amortization of premises and equipment | 420 | 443 |
Amortization of software | 45 | 49 |
Intangible asset amortization | 52 | 58 |
Amortization of investment security premium, net of discount accretion | -50 | 32 |
Deferred tax liability | 155 | 370 |
Stock-based compensation | 107 | 112 |
Excess tax benefits from share-based payment arrangements | 0 | -10 |
Deferral of loan fees and costs, net | -210 | 30 |
Provision for loan losses | 0 | 150 |
Reserve for purchased receivables | -37 | 84 |
Purchases of loans held for sale | -30,482 | -20,242 |
Proceeds from the sale of loans held for sale | 27,455 | 20,493 |
Gain on sale of other real estate owned | -294 | -21 |
Equity in undistributed earnings from mortgage affiliate | 148 | 192 |
Net changes in assets and liabilities: | ' | ' |
Decrease in accrued interest receivable | -205 | -352 |
(Increase) decrease in other assets | -4,899 | 1,015 |
Decrease in other liabilities | -1,501 | -2,724 |
Net Cash (Used) Provided by Operating Activities | -6,690 | 2,225 |
Investing Activities: | ' | ' |
Purchases of investment securities available for sale | -39,125 | -40,951 |
Proceeds from sales/maturities of securities available for sale | 55,742 | 23,528 |
Proceeds from redemption of FHLB stock | 78 | 17 |
Decrease in purchased receivables, net | 6,162 | 255 |
Decrease (Increase) in loans, net | 5,774 | -17,504 |
Proceeds from sale of other real estate owned | 1,294 | 201 |
Decrease in loan to Elliott Cove, net | 49 | 106 |
Purchases of premises and equipment | -794 | -447 |
Net Cash Provided (Used) by Investing Activities | 29,180 | -34,795 |
Financing Activities: | ' | ' |
Increase in deposits | -5,966 | -15,216 |
Increase in securities sold under repurchase agreements | -1,257 | -5,627 |
Increase (decrease) in borrowings | -4,330 | 2,196 |
Distributions to noncontrolling interest | -75 | -104 |
Excess tax benefits from share-based payment arrangements | 0 | 10 |
Cash dividends paid | -1,112 | -975 |
Net Cash Used by Financing Activities | -12,740 | -19,716 |
Net Increase (Decrease) in Cash and Cash Equivalents | 9,750 | -52,286 |
Cash and Cash Equivalents at Beginning of Period | 85,591 | 141,313 |
Cash and Cash Equivalents at End of Period | 95,341 | 89,027 |
Supplemental Information: | ' | ' |
Income taxes paid | 2 | 2 |
Interest paid | 442 | 529 |
Transfer of loans to other real estate owned | 1,137 | 161 |
Transfer of premises to other real estate owned | 904 | 0 |
Cash dividends declared but not paid | $10 | $10 |
Basis_of_Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2014 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation | ' |
Basis of Presentation | |
The accompanying unaudited consolidated financial statements have been prepared by Northrim BanCorp, Inc. (the “Company”) in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and with instructions to Form 10-Q under the Securities Exchange Act of 1934, as amended. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Certain reclassifications have been made to prior year amounts to maintain consistency with the current year with no impact on net income or total shareholders’ equity. The Company determined that it operates as a single operating segment. Operating results for the interim period ended March 31, 2014, are not necessarily indicative of the results anticipated for the year ending December 31, 2014. These consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. |
Summary_Of_Significant_Account
Summary Of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2014 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
Summary Of Significant Accounting Policies | ' |
Significant Accounting Policies and Recent Accounting Pronouncements | |
The Company’s significant accounting policies are discussed in Note 1 to the audited consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2013. | |
In March 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU 2014-08”). The amendments to the Codification in ASU 2014-08 change the requirements for reporting discontinued operations. A discontinued operation may include a component of an entity or a group of components of an entity, or a business or nonprofit activity. A disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when any of the following occurs: 1) the component of an entity or group of components of an entity meets the criteria to be classified as held for sale, 2) the component of an entity or group of components of an entity is disposed of by sale, or 3) the component of an entity or group of components of an entity is disposed of other than by sale (for example, by abandonment or in a distribution to owners in a spinoff). A component of an entity comprises operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity. A component of an entity may be a reportable segment or an operating segment, a reporting unit, a subsidiary, or an asset group. This ASU is effective for the Company’s financial statements for annual and interim periods beginning on or after December 15, 2014, and must be applied prospectively. The Company does not believe that the adoption of this standard will have a material impact on the Company’s consolidated financial position or results of operations. |
Cash_And_Due_From_Banks
Cash And Due From Banks | 3 Months Ended |
Mar. 31, 2014 | |
Cash and Due from Banks [Abstract] | ' |
Cash And Due From Banks | ' |
Cash and Cash Equivalents | |
For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, interest-bearing deposits with other banks, banker’s acceptances, commercial paper, securities purchased under agreement to resell, federal funds sold, and securities with maturities of less than 90 days at acquisition. As of March 31, 2014, the Company had two certificates of deposits totaling $13.5 million in another bank with original maturities greater than 90 days. Cash and cash equivalent balances placed with the Federal Reserve of San Francisco is the only concentration representing more than 10% of the Company’s equity. |
Investment_Securities
Investment Securities | 3 Months Ended | ||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||
Marketable Securities [Abstract] | ' | ||||||||||||||||||
Investment Securities | ' | ||||||||||||||||||
Investment Securities | |||||||||||||||||||
The carrying values and approximate fair values of investment securities at the periods indicated are presented below: | |||||||||||||||||||
(In Thousands) | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | |||||||||||||||
March 31, 2014 | |||||||||||||||||||
Securities available for sale | |||||||||||||||||||
U.S. Treasury and government sponsored entities | $159,935 | $130 | $334 | $159,731 | |||||||||||||||
Municipal securities | 19,423 | 301 | 53 | 19,671 | |||||||||||||||
U.S. Agency mortgage-backed securities | 25 | — | — | 25 | |||||||||||||||
Corporate bonds | 48,720 | 957 | 7 | 49,670 | |||||||||||||||
Preferred stock | 2,999 | 122 | — | 3,121 | |||||||||||||||
Total securities available for sale | $231,102 | $1,510 | $394 | $232,218 | |||||||||||||||
Securities held to maturity | |||||||||||||||||||
Municipal securities | $2,206 | $129 | $— | $2,335 | |||||||||||||||
Total securities held to maturity | $2,206 | $129 | $— | $2,335 | |||||||||||||||
December 31, 2013 | |||||||||||||||||||
Securities available for sale | |||||||||||||||||||
U.S. Treasury and government sponsored entities | $168,922 | $103 | $323 | $168,702 | |||||||||||||||
Municipal securities | 19,825 | 378 | 54 | 20,149 | |||||||||||||||
U.S. Agency mortgage-backed securities | 25 | — | — | 25 | |||||||||||||||
Corporate bonds | 55,798 | 1,000 | 20 | 56,778 | |||||||||||||||
Preferred stock | 2,999 | 35 | — | 3,034 | |||||||||||||||
Total securities available for sale | $247,569 | $1,516 | $397 | $248,688 | |||||||||||||||
Securities held to maturity | |||||||||||||||||||
Municipal securities | $2,208 | $153 | $— | $2,361 | |||||||||||||||
Total securities held to maturity | $2,208 | $153 | $— | $2,361 | |||||||||||||||
Gross unrealized losses on investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2014 and December 31, 2013 were as follows: | |||||||||||||||||||
Less Than 12 Months | More Than 12 Months | Total | |||||||||||||||||
(In Thousands) | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | |||||||||||||
March 31, 2014: | |||||||||||||||||||
Securities Available for Sale | |||||||||||||||||||
U.S. Treasury and government sponsored entities | $90,336 | $332 | $— | $— | $90,336 | $332 | |||||||||||||
Municipal Securities | — | — | 3,090 | 52 | 3,090 | 52 | |||||||||||||
Corporate Bonds | 2,000 | 6 | — | — | 2,000 | 6 | |||||||||||||
Total | $92,336 | $338 | $3,090 | $52 | $95,426 | $390 | |||||||||||||
December 31, 2013: | |||||||||||||||||||
Securities Available for Sale | |||||||||||||||||||
U.S. Treasury and government sponsored entities | $122,560 | $323 | $— | $— | $122,560 | $323 | |||||||||||||
Municipal Securities | 5,613 | 54 | — | — | 5,613 | 54 | |||||||||||||
Corporate Bonds | 6,051 | 20 | — | — | 6,051 | 20 | |||||||||||||
Total | $134,224 | $397 | $— | $— | $134,224 | $397 | |||||||||||||
There were twelve and twenty-six available-for-sale securities with unrealized losses as of March 31, 2014 and December 31, 2013, respectively, that have been in a loss position for less than twelve months. There were two securities with unrealized losses as of March 31, 2014 and no securities as of December 31, 2013 that have been in an unrealized loss position for more than twelve months. The contractual terms of the investments in a loss position do not permit the issuer to settle the securities at a price less than the amortized cost of the investment. Because the Company does not intend to sell, nor is it required to sell these investments until a market price recovery or maturity, these investments are not considered other-than-temporarily impaired. | |||||||||||||||||||
At March 31, 2014, $46.8 million in securities, or 20%, of the investment portfolio was pledged for deposits and borrowings, as compared to $46.8 million, or 19%, at December 31, 2013. We held no securities of any single issuer (other than government sponsored entities) that exceeded 10% of our shareholders’ equity at March 31, 2014 and December 31, 2013. | |||||||||||||||||||
The amortized cost and fair values of debt securities at March 31, 2014, are distributed by contractual maturity as shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Although preferred stock has no stated maturity, it is aggregated in the calculation of weighted average yields presented below in the category of investments that mature in ten years or more. | |||||||||||||||||||
(In Thousands) | Amortized Cost | Fair Value | Weighted Average Yield | ||||||||||||||||
US Treasury and government sponsored entities | |||||||||||||||||||
1-5 years | $159,935 | $159,731 | 0.86 | % | |||||||||||||||
Total | $159,935 | $159,731 | 0.86 | % | |||||||||||||||
U.S. Agency mortgage-backed securities | |||||||||||||||||||
5-10 years | $25 | $25 | 4.15 | % | |||||||||||||||
Total | $25 | $25 | 4.15 | % | |||||||||||||||
Corporate bonds | |||||||||||||||||||
1-5 years | $46,720 | $47,677 | 1.61 | % | |||||||||||||||
5-10 years | 2,000 | 1,993 | 1.04 | % | |||||||||||||||
Total | $48,720 | $49,670 | 1.59 | % | |||||||||||||||
Preferred stock | |||||||||||||||||||
Over 10 years | $2,999 | $3,121 | 5.61 | % | |||||||||||||||
Total | $2,999 | $3,121 | 5.61 | % | |||||||||||||||
Municipal securities | |||||||||||||||||||
Within 1 year | $7,632 | $7,656 | 1.35 | % | |||||||||||||||
1-5 years | 8,616 | 8,722 | 3.22 | % | |||||||||||||||
5-10 years | 5,381 | 5,629 | 4.78 | % | |||||||||||||||
Total | $21,629 | $22,007 | 2.95 | % | |||||||||||||||
The proceeds and resulting gains and losses, computed using specific identification, from sales of investment securities for the three months ending March 31, 2014 and 2013 respectively, are as follows: | |||||||||||||||||||
(In Thousands) | Proceeds | Gross Gains | Gross Losses | ||||||||||||||||
2014 | |||||||||||||||||||
Available for sale securities | $2,098 | $97 | $— | ||||||||||||||||
2013 | |||||||||||||||||||
Available for sale securities | $23,528 | $218 | $— | ||||||||||||||||
A summary of interest income for the three months ending March 31, 2014 and 2013 on available for sale investment securities is as follows: | |||||||||||||||||||
(In Thousands) | 2014 | 2013 | |||||||||||||||||
US Treasury and government sponsored entities | $335 | $207 | |||||||||||||||||
U.S. Agency mortgage-backed securities | — | — | |||||||||||||||||
Other | 258 | 307 | |||||||||||||||||
Total taxable interest income | $593 | $514 | |||||||||||||||||
Municipal securities | $137 | $145 | |||||||||||||||||
Total tax-exempt interest income | $137 | $145 | |||||||||||||||||
Total | $730 | $659 | |||||||||||||||||
Loans_Held_For_Sale
Loans Held For Sale | 3 Months Ended |
Mar. 31, 2014 | |
Loans and Leases Receivable Disclosure [Abstract] | ' |
Loans Held For Sale | ' |
Loans Held for Sale | |
From time to time, the Company has purchased residential loans from our mortgage affiliate, Residential Mortgage Holding Company LLC (“RML”). The Company then sells these loans in the secondary market. The Company purchased $30.5 million and sold $27.5 million in loans during the three-month period ending March 31, 2014. The Company purchased $20.2 million and sold $20.5 million in loans during the three-month period ending March 31, 2013. |
Loans
Loans | 3 Months Ended | |||||||||||||||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||||||||||||||
Loans [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Loans | ' | |||||||||||||||||||||||||||||||||||
Loans | ||||||||||||||||||||||||||||||||||||
The following table presents total portfolio loans by portfolio segment and class of financing receivable, based on our risk classification criteria: | ||||||||||||||||||||||||||||||||||||
(In Thousands) | Commercial | Real estate construction one-to-four family | Real estate construction other | Real estate term owner occupied | Real estate term non-owner occupied | Real estate term other | Consumer secured by 1st deeds of trust | Consumer other | Total | |||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||||||||||||
AQR Pass | $287,224 | $27,775 | $35,083 | $73,602 | $255,703 | $34,663 | $15,215 | $18,065 | $747,330 | |||||||||||||||||||||||||||
AQR Special Mention | 5,803 | 353 | 812 | 5,993 | 3,129 | 286 | 635 | 165 | 17,176 | |||||||||||||||||||||||||||
AQR Substandard | 973 | — | — | 865 | 47 | 154 | 239 | 92 | 2,370 | |||||||||||||||||||||||||||
AQR Doubtful | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
AQR Loss | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Subtotal | $294,000 | $28,128 | $35,895 | $80,460 | $258,879 | $35,103 | $16,089 | $18,322 | $766,876 | |||||||||||||||||||||||||||
Less: Unearned origination fees, net of origination costs | (3,811 | ) | ||||||||||||||||||||||||||||||||||
Total loans | $763,065 | |||||||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
AQR Pass | $293,803 | $28,227 | $31,633 | $84,191 | $251,384 | $28,684 | $15,877 | $17,694 | $751,493 | |||||||||||||||||||||||||||
AQR Special Mention | 6,022 | 1,934 | 966 | 6,235 | 2,620 | — | 397 | 196 | 18,370 | |||||||||||||||||||||||||||
AQR Substandard | 513 | — | — | 672 | 1,320 | 1,292 | 209 | 168 | 4,174 | |||||||||||||||||||||||||||
AQR Doubtful | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
AQR Loss | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Subtotal | $300,338 | $30,161 | $32,599 | $91,098 | $255,324 | $29,976 | $16,483 | $18,058 | $774,037 | |||||||||||||||||||||||||||
Less: Unearned origination fees, net of origination costs | (4,021 | ) | ||||||||||||||||||||||||||||||||||
Total loans | $770,016 | |||||||||||||||||||||||||||||||||||
Loans are carried at their principal amount outstanding, net of charge-offs, unamortized fees and direct loan origination costs. Loan balances are charged-off to the allowance for loan losses ("Allowance") when management believes that collection of principal is unlikely. Interest income on loans is accrued and recognized on the principal amount outstanding except for loans in a nonaccrual status. All classes of loans are placed on nonaccrual and considered impaired when management believes doubt exists as to the collectability of the interest or principal. Cash payments received on nonaccrual loans are directly applied to the principal balance. Generally, a loan may be returned to accrual status when the delinquent principal and interest is brought current in accordance with the terms of the loan agreement. Additionally, certain ongoing performance criteria, which generally includes a performance period of six months, must be met in order for a loan to be returned to accrual status. Loans are reported as past due when installment payments, interest payments, or maturity payments are past due based on contractual terms. | ||||||||||||||||||||||||||||||||||||
Nonaccrual loans totaled $999,000 and $1.8 million at March 31, 2014 and December 31, 2013, respectively. Nonaccrual loans at the periods indicated, by segment are presented below: | ||||||||||||||||||||||||||||||||||||
(In Thousands) | March 31, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||||||
Commercial | $653 | $222 | ||||||||||||||||||||||||||||||||||
Real estate construction one-to-four family | — | — | ||||||||||||||||||||||||||||||||||
Real estate construction other | — | — | ||||||||||||||||||||||||||||||||||
Real estate term owner occupied | — | — | ||||||||||||||||||||||||||||||||||
Real estate term non-owner occupied | 47 | 151 | ||||||||||||||||||||||||||||||||||
Real estate term other | — | 1,136 | ||||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust | 217 | 187 | ||||||||||||||||||||||||||||||||||
Consumer other | 82 | 119 | ||||||||||||||||||||||||||||||||||
Total | $999 | $1,815 | ||||||||||||||||||||||||||||||||||
Past due loans and nonaccrual loans at the periods indicated are presented below by loan class: | ||||||||||||||||||||||||||||||||||||
(In Thousands) | 30-59 Days | 60-89 Days | Greater Than | Nonaccrual | Total Past | Current | Total | |||||||||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | |||||||||||||||||||||||||||||||||
Still | Still | Still | ||||||||||||||||||||||||||||||||||
Accruing | Accruing | Accruing | ||||||||||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||||||||||||
AQR Pass | $725 | $— | $— | $— | $725 | $746,605 | $747,330 | |||||||||||||||||||||||||||||
AQR Special Mention | 577 | — | — | — | 577 | 16,599 | 17,176 | |||||||||||||||||||||||||||||
AQR Substandard | — | — | — | 999 | 999 | 1,371 | 2,370 | |||||||||||||||||||||||||||||
AQR Doubtful | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
AQR Loss | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Subtotal | $1,302 | $— | $— | $999 | $2,301 | $764,575 | $766,876 | |||||||||||||||||||||||||||||
Less: Unearned origination fees, net of origination costs | (3,811 | ) | ||||||||||||||||||||||||||||||||||
Total | $763,065 | |||||||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
AQR Pass | $672 | $— | $— | $127 | $799 | $750,694 | $751,493 | |||||||||||||||||||||||||||||
AQR Special Mention | 385 | — | — | — | 385 | 17,985 | 18,370 | |||||||||||||||||||||||||||||
AQR Substandard | — | — | — | 1,688 | 1,688 | 2,486 | 4,174 | |||||||||||||||||||||||||||||
AQR Doubtful | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
AQR Loss | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Subtotal | $1,057 | $— | $— | $1,815 | $2,872 | $771,165 | $774,037 | |||||||||||||||||||||||||||||
Less: Unearned origination fees, net of origination costs | (4,021 | ) | ||||||||||||||||||||||||||||||||||
Total | $770,016 | |||||||||||||||||||||||||||||||||||
The Company considers a loan to be impaired when it is probable that it will be unable to collect all amounts due according to the contractual terms of the loan agreement. Once a loan is determined to be impaired, the impairment is measured based on the present value of the expected future cash flows discounted at the loan’s effective interest rate, except that if the loan is collateral dependent, the impairment is measured by using the fair value of the loan’s collateral. Nonperforming loans greater than $50,000 are individually evaluated for impairment based upon the borrower’s overall financial condition, resources, and payment record, and the prospects for support from any financially responsible guarantors. | ||||||||||||||||||||||||||||||||||||
At March 31, 2014 and December 31, 2013, the recorded investment in loans that are considered to be impaired was $6.0 million and $8.8 million, respectively. The following table presents information about impaired loans by class as of the periods indicated: | ||||||||||||||||||||||||||||||||||||
(In Thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | |||||||||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||||||||||||
With no related allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial - AQR special mention | $125 | $125 | $— | |||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 390 | 535 | — | |||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | 353 | 353 | — | |||||||||||||||||||||||||||||||||
Real estate construction other - AQR special mention | 812 | 812 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR pass | 509 | 509 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR special mention | 280 | 280 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR substandard | 865 | 865 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR pass | 615 | 615 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR special mention | 979 | 979 | — | |||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 154 | 154 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 86 | 86 | — | |||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | 56 | 56 | — | |||||||||||||||||||||||||||||||||
Subtotal | $5,224 | $5,369 | $— | |||||||||||||||||||||||||||||||||
With an allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial - AQR special mention | $184 | $184 | $2 | |||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 440 | 760 | 275 | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 183 | 183 | 5 | |||||||||||||||||||||||||||||||||
Subtotal | $807 | $1,127 | $282 | |||||||||||||||||||||||||||||||||
Commercial - AQR special mention | $309 | $309 | $2 | |||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 830 | 1,295 | 275 | |||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | 353 | 353 | — | |||||||||||||||||||||||||||||||||
Real estate construction other - AQR special mention | 812 | 812 | — | |||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR pass | 509 | 509 | — | |||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR special mention | 280 | 280 | — | |||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR substandard | 865 | 865 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR pass | 615 | 615 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR special mention | 979 | 979 | — | |||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 154 | 154 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 86 | 86 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 183 | 183 | 5 | |||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | 56 | 56 | — | |||||||||||||||||||||||||||||||||
Total | $6,031 | $6,496 | $282 | |||||||||||||||||||||||||||||||||
(In Thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | |||||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
With no related allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial - AQR pass | $181 | $181 | $— | |||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 314 | 314 | — | |||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 343 | 488 | — | |||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | 353 | 353 | — | |||||||||||||||||||||||||||||||||
Real estate construction other - AQR pass | 1,686 | 1,686 | — | |||||||||||||||||||||||||||||||||
Real estate construction other - AQR special mention | 834 | 834 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied - AQR pass | 512 | 512 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied - AQR special mention | 484 | 484 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied - AQR substandard | 672 | 672 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR special mention | 786 | 786 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR substandard | 955 | 955 | — | |||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 1,292 | 1,571 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 88 | 88 | — | |||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | 65 | 65 | — | |||||||||||||||||||||||||||||||||
Subtotal | $8,565 | $8,989 | $— | |||||||||||||||||||||||||||||||||
With an allowance recorded | ||||||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | $186 | $186 | $11 | |||||||||||||||||||||||||||||||||
Subtotal | $186 | $186 | $11 | |||||||||||||||||||||||||||||||||
Commercial - AQR pass | $181 | $181 | $— | |||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 314 | 314 | — | |||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 343 | 488 | — | |||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | 353 | 353 | — | |||||||||||||||||||||||||||||||||
Real estate construction other - AQR pass | 1,686 | 1,686 | — | |||||||||||||||||||||||||||||||||
Real estate construction other - AQR special mention | 834 | 834 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied - AQR pass | 512 | 512 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied - AQR special mention | 484 | 484 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied - AQR substandard | 672 | 672 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR special mention | 786 | 786 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR substandard | 955 | 955 | — | |||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 1,292 | 1,571 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 88 | 88 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 186 | 186 | 11 | |||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | 65 | 65 | — | |||||||||||||||||||||||||||||||||
Total | $8,751 | $9,175 | $11 | |||||||||||||||||||||||||||||||||
The unpaid principal balance included in the table above represents the recorded investment at the dates indicated, plus amounts charged off for book purposes. | ||||||||||||||||||||||||||||||||||||
The following table summarizes our average recorded investment and interest income recognized on impaired loans for the three month periods ended March 31, 2014 and 2013, respectively: | ||||||||||||||||||||||||||||||||||||
Three Months Ended March 31, | 2014 | 2013 | ||||||||||||||||||||||||||||||||||
(In Thousands) | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||||
With no related allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial - AQR special mention | $132 | $1 | $486 | $11 | ||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 393 | 4 | 962 | 14 | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | 353 | 6 | 470 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR pass | — | — | 2,623 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR special mention | 823 | 30 | — | — | ||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR pass | 511 | 11 | — | — | ||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR special mention | 281 | 6 | 1,082 | 20 | ||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR substandard | 869 | 13 | — | — | ||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR loss | — | — | 406 | 5 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR pass | 618 | 19 | — | — | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR special mention | 979 | 15 | 550 | 9 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR substandard | — | — | 1,691 | 33 | ||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 154 | 3 | 1,607 | 7 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 87 | 1 | 92 | 1 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR special mention | — | — | 86 | 1 | ||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | 61 | — | 232 | 1 | ||||||||||||||||||||||||||||||||
Subtotal | $5,261 | $109 | $10,287 | $102 | ||||||||||||||||||||||||||||||||
With an allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial - AQR special mention | $185 | $6 | $— | $— | ||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 600 | — | 315 | — | ||||||||||||||||||||||||||||||||
Commercial - AQR loss | — | — | 187 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR substandard | — | — | 782 | — | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 185 | — | 199 | — | ||||||||||||||||||||||||||||||||
Subtotal | $970 | $6 | $1,483 | $— | ||||||||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||||||||||
Commercial - AQR special mention | $317 | $7 | $486 | $11 | ||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 993 | 4 | 1,277 | 14 | ||||||||||||||||||||||||||||||||
Commercial - AQR loss | — | — | 187 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | 353 | 6 | 470 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR substandard | — | — | 782 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR pass | — | — | 2,623 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR special mention | 823 | 30 | — | — | ||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR pass | 511 | 11 | — | — | ||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR special mention | 281 | 6 | 1,082 | 20 | ||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR substandard | 869 | 13 | — | — | ||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR loss | — | — | 406 | 5 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR pass | 618 | 19 | — | — | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR special mention | 979 | 15 | 550 | 9 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR substandard | — | — | 1,691 | 33 | ||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 154 | 3 | 1,607 | 7 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 87 | 1 | 92 | 1 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR special mention | — | — | 86 | 1 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 185 | — | 199 | — | ||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | 61 | — | 232 | 1 | ||||||||||||||||||||||||||||||||
Total Impaired Loans | $6,231 | $115 | $11,770 | $102 | ||||||||||||||||||||||||||||||||
Loans classified as troubled debt restructurings (“TDR”) totaled $4.8 million and $7.9 million at March 31, 2014 and December 31, 2013, respectively. A TDR is a loan to a borrower that is experiencing financial difficulty that has been modified from its original terms and conditions in such a way that the Company is granting the borrower a concession that it would not grant otherwise. The Company has granted a variety of concessions to borrowers in the form of loan modifications. The modifications granted can generally be described in the following categories: | ||||||||||||||||||||||||||||||||||||
Rate Modification: A modification in which the interest rate is changed. | ||||||||||||||||||||||||||||||||||||
Term Modification: A modification in which the maturity date, timing of payments, or frequency of payments is changed. | ||||||||||||||||||||||||||||||||||||
Payment Modification: A modification in which the dollar amount of the payment is changed, or in which a loan is converted to interest only payments for a period of time is included in this category. | ||||||||||||||||||||||||||||||||||||
Combination Modification: Any other type of modification, including the use of multiple categories above. | ||||||||||||||||||||||||||||||||||||
AQR pass graded loans included above in the impaired loan data are loans classified as TDRs. By definition, TDRs are considered impaired loans. All of the Company's TDRs are included in impaired loans. | ||||||||||||||||||||||||||||||||||||
The Company did not have any newly restructured loans during the three months ended March 31, 2014. | ||||||||||||||||||||||||||||||||||||
The Company had no commitments to extend additional credit to borrowers whose terms have been modified in TDRs. There were no charge offs in the three months ended March 31, 2014 on loans that were later classified as TDRs. | ||||||||||||||||||||||||||||||||||||
All TDRs are also classified as impaired loans and are included in the loans individually evaluated for impairment in the calculation of the Allowance. There was one TDR with a recorded investment of $184,000 and a specific impairment amount totaling $2,000 at March 31, 2014 and no TDRs with specific impairment at December 31, 2013. | ||||||||||||||||||||||||||||||||||||
The loans in the following table are past due, and they are nonaccrual loans. The following table presents TDRs that occurred during the last twelve months that subsequently defaulted, for the periods ending March 31, 2014 and 2013, respectively: | ||||||||||||||||||||||||||||||||||||
March 31, 2014 | March 31, 2013 | |||||||||||||||||||||||||||||||||||
Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | |||||||||||||||||||||||||||||||||
(In Thousands) | ||||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings that Subsequently Defaulted: | ||||||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | 1 | $353 | — | $— | ||||||||||||||||||||||||||||||||
Total | 1 | $353 | — | $— | ||||||||||||||||||||||||||||||||
At March 31, 2014, the Company had one TDR that subsequently defaulted within the twelve month period ending March 31, 2014. At March 31, 2014 this restructured loan that defaulted is not past due and is accruing interest. At December 31, 2013, the Company had no TDRs that subsequently defaulted within the twelve month period ending December 31, 2013. |
Allowance_For_Loan_Losses
Allowance For Loan Losses | 3 Months Ended | |||||||||||||||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||||||||||||||
Loans and Leases Receivable, Allowance [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Allowance For Loan Losses | ' | |||||||||||||||||||||||||||||||||||
Allowance for Loan Losses | ||||||||||||||||||||||||||||||||||||
The following tables detail activity in the Allowance for the periods indicated: | ||||||||||||||||||||||||||||||||||||
Three Months Ended March 31, | Commercial | Real estate construction one-to-four family | Real estate construction other | Real estate term owner occupied | Real estate term non-owner occupied | Real estate term other | Consumer secured by 1st deed of trust | Consumer other | Unallocated | Total | ||||||||||||||||||||||||||
2014 | ||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $5,779 | $557 | $539 | $1,583 | $4,297 | $537 | $322 | $390 | $2,278 | $16,282 | ||||||||||||||||||||||||||
Charge-Offs | (320 | ) | — | — | — | — | — | — | (9 | ) | — | (329 | ) | |||||||||||||||||||||||
Recoveries | 54 | 12 | — | — | — | — | — | 13 | — | 79 | ||||||||||||||||||||||||||
Provision (benefit) | 144 | (56 | ) | 84 | (176 | ) | (4 | ) | 118 | (9 | ) | (10 | ) | (91 | ) | — | ||||||||||||||||||||
Balance, end of period | $5,657 | $513 | $623 | $1,407 | $4,293 | $655 | $313 | $384 | $2,187 | $16,032 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Individually evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $277 | $— | $— | $— | $— | $— | $5 | $— | $— | $282 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Collectively evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $5,380 | $513 | $623 | $1,407 | $4,293 | $655 | $308 | $384 | $2,187 | $15,750 | ||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $6,308 | $1,029 | $326 | $1,441 | $4,065 | $539 | $344 | $388 | $1,968 | $16,408 | ||||||||||||||||||||||||||
Charge-Offs | — | — | — | — | — | — | — | (14 | ) | — | (14 | ) | ||||||||||||||||||||||||
Recoveries | 76 | — | 18 | — | — | — | — | 3 | — | 97 | ||||||||||||||||||||||||||
Provision (benefit) | 533 | (303 | ) | 227 | (7 | ) | 377 | 116 | 7 | 25 | (825 | ) | 150 | |||||||||||||||||||||||
Balance, end of period | $6,917 | $726 | $571 | $1,434 | $4,442 | $655 | $351 | $402 | $1,143 | $16,641 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Individually evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $395 | $242 | $— | $— | $— | $— | $22 | $— | $— | $659 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Collectively evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $6,522 | $484 | $571 | $1,434 | $4,442 | $655 | $329 | $402 | $1,143 | $15,982 | ||||||||||||||||||||||||||
The following is a detail of the recorded investment in the loan portfolio, segregated by amounts evaluated individually or collectively in the Allowance at the periods indicated: | ||||||||||||||||||||||||||||||||||||
(In Thousands) | Commercial | Real estate construction one-to-four family | Real estate construction other | Real estate term owner occupied | Real estate term non-owner occupied | Real estate term other | Consumer secured by 1st deed of trust | Consumer other | Total | |||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||||||||||||
Balance, end of period | $294,000 | $28,128 | $35,895 | $80,460 | $258,879 | $35,103 | $16,089 | $18,322 | $766,876 | |||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Individually evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $1,139 | $353 | $812 | $1,654 | $1,594 | $154 | $269 | $56 | $6,031 | |||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Collectively evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $292,861 | $27,775 | $35,083 | $78,806 | $257,285 | $34,949 | $15,820 | $18,266 | $760,845 | |||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
Balance, end of period | $300,338 | $30,161 | $32,599 | $91,098 | $255,324 | $29,976 | $16,483 | $18,058 | $774,037 | |||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Individually evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $838 | $353 | $2,520 | $1,668 | $1,741 | $1,292 | $274 | $65 | $8,751 | |||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Collectively evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $299,500 | $29,808 | $30,079 | $89,430 | $253,583 | $28,684 | $16,209 | $17,993 | $765,286 | |||||||||||||||||||||||||||
The following represents the balance of the Allowance for the periods indicated segregated by segment and class: | ||||||||||||||||||||||||||||||||||||
(In Thousands) | Total | Commercial | Real estate construction 1-4 family | Real estate construction other | Real estate term owner occupied | Real estate term non-owner occupied | Real estate term other | Consumer secured by 1st deeds of trust | Consumer other | Unallocated | ||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | ||||||||||||||||||||||||||||||||||||
AQR Special Mention | $2 | $2 | $— | $— | $— | $— | $— | $— | $— | $— | ||||||||||||||||||||||||||
AQR Substandard | 280 | 275 | — | — | — | — | — | 5 | — | — | ||||||||||||||||||||||||||
Collectively evaluated for impairment: | ||||||||||||||||||||||||||||||||||||
AQR Pass | 12,953 | 5,077 | 513 | 623 | 1,206 | 4,255 | 650 | 261 | 368 | — | ||||||||||||||||||||||||||
AQR Special Mention | 580 | 288 | — | — | 201 | 35 | 5 | 45 | 6 | — | ||||||||||||||||||||||||||
AQR Substandard | 30 | 15 | — | — | — | 3 | — | 2 | 10 | — | ||||||||||||||||||||||||||
Unallocated | 2,187 | — | — | — | — | — | — | — | — | 2,187 | ||||||||||||||||||||||||||
$16,032 | $5,657 | $513 | $623 | $1,407 | $4,293 | $655 | $313 | $384 | $2,187 | |||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment: | ||||||||||||||||||||||||||||||||||||
AQR Substandard | $11 | $— | $— | $— | $— | $— | $— | $11 | $— | $— | ||||||||||||||||||||||||||
Collectively evaluated for impairment: | ||||||||||||||||||||||||||||||||||||
AQR Pass | 13,325 | 5,482 | 527 | 537 | 1,381 | 4,225 | 537 | 274 | 362 | — | ||||||||||||||||||||||||||
AQR Special Mention | 586 | 278 | 30 | 2 | 202 | 30 | — | 36 | 8 | — | ||||||||||||||||||||||||||
AQR Substandard | 82 | 19 | — | — | — | 42 | — | 1 | 20 | — | ||||||||||||||||||||||||||
Unallocated | 2,278 | — | — | — | — | — | — | — | — | 2,278 | ||||||||||||||||||||||||||
$16,282 | $5,779 | $557 | $539 | $1,583 | $4,297 | $537 | $322 | $390 | $2,278 | |||||||||||||||||||||||||||
Purchased_Receivables_Notes
Purchased Receivables (Notes) | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Purchased Receivables [Abstract] | ' | ||||||
Purchased Receivables | ' | ||||||
Purchased Receivables | |||||||
We purchase accounts receivable from our business customers and provide them with short-term working capital. We provide this service to our customers in Alaska and in Washington and the greater west coast through Northrim Funding Services. Our purchased receivable activity is guided by policies that outline risk management, documentation, and approval limits. The policies are reviewed and approved annually by the Board of Directors. | |||||||
Purchased receivables are carried at their principal amount outstanding, net of a reserve for anticipated losses that have not yet been identified, and have a maturity of less than one year. Purchased receivable balances are charged against this reserve when management believes that collection of principal is unlikely. Management evaluates the adequacy of the reserve for purchased receivable losses based on historical loss experience by segment and class of receivable and its assessment of current economic conditions. As of March 31, 2014, the Company has one segment and class of purchased receivables. There are no purchased receivables past due at March 31, 2014 or December 31, 2013, respectively, and there were no restructured purchased receivables at March 31, 2014 or December 31, 2013. | |||||||
Income on purchased receivables is accrued and recognized on the principal amount outstanding using an effective interest method except when management believes doubt exists as to the collectability of the income or principal. As of March 31, 2014, the Company is accruing income on all purchased receivable balances outstanding. | |||||||
The following table summarizes the components of net purchased receivables for the periods indicated: | |||||||
(In Thousands) | March 31, 2014 | December 31, 2013 | |||||
Purchased receivables | $10,136 | $16,298 | |||||
Reserve for purchased receivable losses | (236 | ) | (273 | ) | |||
Total | $9,900 | $16,025 | |||||
The following table sets forth information regarding changes in the purchased receivable reserve for the periods indicated: | |||||||
(In Thousands) | March 31, 2014 | December 31, 2013 | |||||
Balance at beginning of period | $273 | $323 | |||||
Charge-offs | — | (150 | ) | ||||
Recoveries | — | — | |||||
Charge-offs net of recoveries | — | (150 | ) | ||||
Reserve of purchased receivables | (37 | ) | 100 | ||||
Balance at end of period | $236 | $273 | |||||
The Company recorded one partial charge-off for $150,000 in 2013. The remaining purchased receivables related to this relationship are not past due and are currently performing. |
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 3 Months Ended |
Mar. 31, 2014 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ' |
Goodwill and Intangible Assets | ' |
Goodwill and Intangible Assets | |
The Company performs goodwill impairment testing annually in accordance with the policy described in Note 1 of the Company's Annual Report on Form 10-K for the year ended December 31, 2013. There was no indication of impairment as of March 31, 2014. The Company continues to monitor the Company’s goodwill for potential impairment on an ongoing basis. No assurance can be given that there will not be an impairment charge to earnings during 2014 for goodwill impairment, if, for example, our stock price declines and trades at a significant discount to its book value, although there are many qualitative and quantitative factors that we analyze in determining the impairment of goodwill. |
Deposits
Deposits | 3 Months Ended |
Mar. 31, 2014 | |
Deposits [Abstract] | ' |
Deposits | ' |
Deposit Activities | |
Total deposits at March 31, 2014 and December 31, 2013 were $997.8 million and $1.0 billion, respectively. The only deposit category with stated maturity dates is certificates of deposit. At March 31, 2014, the Company had $85.5 million in certificates of deposit as compared to certificates of deposit of $86.2 million at December 31, 2013. At March 31, 2014, $56.0 million, or 65%, of the Company’s certificates of deposits are scheduled to mature over the next 12 months as compared to $55.4 million, or 64%, of total certificates of deposit at December 31, 2013. |
Derivatives
Derivatives | 3 Months Ended | ||||||||||
Mar. 31, 2014 | |||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||||
Derivatives | ' | ||||||||||
Derivatives | |||||||||||
The Company enters into commercial loan interest rate swap agreements in order to provide commercial loan customers the ability to convert from variable to fixed interest rates. Under these agreements, the Company enters into a variable-rate loan agreement with a customer in addition to a swap agreement that effectively converts the customer’s variable rate loan into a fixed rate. The Company then simultaneously enters into a corresponding swap agreement with a third party financial institution (“counterparty”) in order to offset its exposure on the fixed component of the customer’s interest rate swap. The Company has an agreement with its counterparty that contains a provision that provides that if the Company fails to maintain its status as a well-capitalized institution, then the counterparty could terminate the derivative positions and the Company would be required to settle its obligations under the agreement. This agreement also requires that the Company and the counterparty collateralize any fair value shortfalls that exceed $250,000 with eligible collateral, which includes cash and securities backed with the full faith and credit of the federal government. Similarly, the Company could be required to settle its obligations under the agreement if specific regulatory events occur, such as if the Company were issued a prompt corrective action directive or a cease and desist order, or if certain regulatory ratios fall below specified levels. | |||||||||||
The interest rate swap agreements with our customers and the counterparty are not designated as hedging instruments under the Derivatives and Hedging topic of the FASB ASC 815, rather they are accounted for as free standing derivatives with changes in fair value reported in income. The Company had interest rate swaps with an aggregate notional amount of $25.3 million and $25.8 million at March 31, 2014 and December 31, 2013, respectively. At March 31, 2014, the notional amount of interest rate swaps is made up of two swaps totaling $12.6 million variable to fixed rate swap to a commercial loan customer and two swaps totaling $12.6 million fixed to variable rate swap with a counterparty. Changes in fair value from these four interest rate swaps offset each other in the first quarter of 2014. The Company did not recognize any fee income related to interest rate swaps in either of the three month periods ending March 31, 2014 and 2013, respectively. Interest rate swap income is recorded in other income on the Consolidated Statements of Income. | |||||||||||
The following table presents the fair value of derivatives not designated as hedging instruments at March 31, 2014 and December 31, 2013: | |||||||||||
(In thousands) | Asset Derivatives | ||||||||||
March 31, 2014 | December 31, 2013 | ||||||||||
Balance Sheet Location | Fair Value | Fair Value | |||||||||
Interest rate contracts | Other assets | $97 | $186 | ||||||||
(In thousands) | Liability Derivatives | ||||||||||
March 31, 2013 | December 31, 2013 | ||||||||||
Balance Sheet Location | Fair Value | Fair Value | |||||||||
Interest rate contracts | Other Liabilities | $97 | $186 | ||||||||
Stock_Based_Compensation_Notes
Stock Based Compensation (Notes) | 3 Months Ended |
Mar. 31, 2014 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' |
Stock Based Compensation | ' |
Stock Incentive Plan | |
The Company adopted the 2010 Stock Option Plan (“2010 Plan”) following shareholder approval of the 2010 Plan at the 2010 Annual Meeting. Subsequent to the adoption of the 2010 Plan, no additional grants may be issued under the prior plans. The 2010 Plan provides for grants of up to 348,232 shares, which includes any shares subject to stock awards under the previous stock option plans. | |
Stock Options: Under the 2010 Plan and previous plans, certain key employees have been granted the option to purchase set amounts of common stock at the market price on the day the option was granted. Optionees, at their own discretion, may cover the cost of exercise through the exchange at the then fair value of already owned shares of the Company’s stock. Options are granted for a 10-year period and vest on a pro-rata basis over the initial three years from grant. | |
The Company measures the fair value of each stock option at the date of grant using the Black-Scholes option pricing model. For the quarters ended March 31, 2014 and 2013, the Company recognized $16,000 and $17,000, respectively, in stock option compensation expense as a component of salaries and other personnel expense. | |
Proceeds from the exercise of stock options in the three months ended March 31, 2014 and 2013, were $0 and $48,000, respectively. The Company withheld $0 and $54,000 to pay for stock option exercises or income taxes that resulted from the exercise of stock options in the three months ended March 31, 2014 and 2013, respectively. | |
There were no stock options granted in the first quarter of 2014. | |
Restricted Stock Units: The Company grants restricted stock units to certain key employees periodically. Recipients of restricted stock units do not pay any cash consideration to the Company for the shares and receive all dividends with respect to such shares when the shares vest. Restricted stock units cliff vest at the end of a three-year time period. For the three months ended March 31, 2014 and 2013, the Company recognized $91,000 and $95,000, respectively, in restricted stock unit compensation expense as a component of salaries and other personnel expense. | |
There were no restricted stock units granted in the first quarter of 2014. |
Fair_Value_Measurements_Notes
Fair Value Measurements (Notes) | 3 Months Ended | |||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||
Fair Value Measurements | ' | |||||||||||||||||||
air Value of Assets and Liabilities | ||||||||||||||||||||
The Company groups its assets and liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: | ||||||||||||||||||||
• | Level 1: Valuation is based upon quoted prices for identical instruments traded in active exchange markets, such as the New York Stock Exchange. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. | |||||||||||||||||||
• | Level 2: Valuation is based upon quoted market prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. | |||||||||||||||||||
• | Level 3: Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s estimation of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques. | |||||||||||||||||||
The following methods and assumptions were used to estimate fair value disclosures. All financial instruments are held for other than trading purposes.Cash, due from banks and deposits in other banks: Due to the short term nature of these instruments, the carrying amounts reported in the balance sheet represent their fair values. | ||||||||||||||||||||
Investment securities: 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. Investments in Federal Home Loan Bank stock are recorded at cost, which also represents fair value. | ||||||||||||||||||||
Loans held for sale: Due to the short term nature of these instruments, the carrying amounts reported in the balance sheet represent their fair values. | ||||||||||||||||||||
Loans: Fair values were generally determined by discounting both principal and interest cash flows on pools of loans expected to be collected using a discount rate for similar instruments with adjustments that the Company believes a market participant would consider in determining fair value. The Company estimates the cash flows expected to be collected using internal credit risk, interest rate and prepayment risk models that incorporate the Corporation’s best estimate of current key assumptions, such as default rates, loss severity and prepayment speeds for the life of the loan. The carrying value of loans is presented net of the Allowance (see Note 7). Impaired loans are carried at fair value. Specific valuation allowances are included in the Allowance. | ||||||||||||||||||||
Purchased receivables: Fair values for purchased receivables are based on their carrying amounts due to their short duration and repricing frequency. Generally, purchased receivables have a duration of less than one year. | ||||||||||||||||||||
Accrued interest receivable: Due to the short term nature of these instruments, the carrying amounts reported in the balance sheet represent their fair values. | ||||||||||||||||||||
Deposits: The fair value for deposits with stated maturities was determined by discounting contractual cash flows using current market rates for instruments with similar maturities. For deposits with no stated maturities, the carrying value was considered to approximate fair value and does not take into account the significant value of the cost advantage and stability of the Company's long-term relationships with depositors. | ||||||||||||||||||||
Accrued interest payable: Due to the short term nature of these instruments, the carrying amounts reported in the balance sheet represent their fair values. | ||||||||||||||||||||
Securities sold under repurchase agreements: Fair values for securities sold under repurchase agreements are based on their carrying amounts due to their short duration and repricing frequency. | ||||||||||||||||||||
Borrowings: Due to the short term nature of these instruments, the carrying amount of short-term borrowings reported in the balance sheet approximate the fair value. Fair values for long-term borrowings are estimated using a discounted cash flow calculation that applies currently offered interest rates to a schedule of aggregate expected monthly payments. | ||||||||||||||||||||
Junior subordinated debentures: Fair value adjustments for junior subordinated debentures are based on discounted cash flows to maturity using current interest rates for similar financial instruments. Management utilized a market approach to determine the appropriate discount rate for junior subordinated debentures. | ||||||||||||||||||||
Interest Rate Contracts: Interest rate swap contracts are valued in a model, which uses as its basis a discounted cash flow technique incorporating credit valuation adjustments to reflect nonperformance risk in the measurement of fair value. Although the Bank has determined that the majority of inputs used to value its interest rate swap derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. However, as of December 31, 2014, the Bank has assessed the significance of the impact of these adjustments on the overall valuation of its interest rate swap positions and has determined that the they are not significant to the overall valuation of its interest rate swap derivatives. As a result, the Bank has classified its interest rate swap derivative valuations in Level 2 of the fair value hierarchy. | ||||||||||||||||||||
Assets subject to nonrecurring adjustment to fair value: The Company is also required to measure certain assets such as equity method investments, goodwill, intangible assets, impaired loans, and other real estate owned (“OREO”) at fair value on a nonrecurring basis in accordance with GAAP. Any nonrecurring adjustments to fair value usually result from the write down of individual assets. | ||||||||||||||||||||
The Company uses either in-house evaluations or external appraisals to estimate the fair value of OREO and impaired loans as of each reporting date. In-house appraisals are considered Level 3 inputs and external appraisals are considered Level 2 inputs. The Company’s determination of which method to use is based upon several factors. The Company takes into account compliance with legal and regulatory guidelines, the amount of the loan, the size of the assets, the location and type of property to be valued and how critical the timing of completion of the analysis is to the assessment of value. Those factors are balanced with the level of internal expertise, internal experience and market information available, versus external expertise available such as qualified appraisers, brokers, auctioneers and equipment specialists. | ||||||||||||||||||||
The Company uses external sources to estimate fair value for projects that are not fully constructed as of the date of valuation. These projects are generally valued as if complete, with an appropriate allowance for cost of completion, including contingencies developed from external sources such as vendors, engineers and contractors. The Company believes that recording other real estate owned that is not fully constructed based on as if complete values is more appropriate than recording other real estate owned that is not fully constructed using as is values. We concluded that as-is-complete values are appropriate for these types of projects based on the accounting guidance for capitalization of project costs and subsequent measurement of the value of real estate. GAAP specifically states that estimates and cost allocations must be reviewed at the end of each reporting period and reallocated based on revised estimates. The Company adjusts the carrying value of other real estate owned in accordance with this guidance for increases in estimated cost to complete that exceed the fair value of the real estate at the end of each reporting period. | ||||||||||||||||||||
Commitments to extend credit and standby letters of credit: The fair value of commitments is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of letters of credit is based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligation with the counterparties at the reporting date. | ||||||||||||||||||||
Limitations: Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. | ||||||||||||||||||||
Estimated fair values as of the periods indicated are as follows: | ||||||||||||||||||||
March 31, 2014 | December 31, 2013 | |||||||||||||||||||
(In Thousands) | Carrying Amount | Fair Value | Carrying Amount | Fair Value | ||||||||||||||||
Financial assets: | ||||||||||||||||||||
Level 1 inputs: | ||||||||||||||||||||
Cash, due from banks and deposits in other banks | $108,841 | $108,841 | $99,091 | $99,091 | ||||||||||||||||
Investment securities | 29,696 | 29,696 | 20,487 | 20,487 | ||||||||||||||||
Level 2 inputs: | ||||||||||||||||||||
Investment securities | 206,546 | 206,675 | 232,305 | 232,458 | ||||||||||||||||
Accrued interest receivable | 2,934 | 2,934 | 2,729 | 2,729 | ||||||||||||||||
Interest rate contracts | 97 | 97 | 186 | 186 | ||||||||||||||||
Level 3 inputs: | ||||||||||||||||||||
Loans and loans held for sale, net | 761,361 | 766,806 | 765,035 | 769,570 | ||||||||||||||||
Purchased receivables, net | 9,900 | 9,900 | 16,025 | 16,025 | ||||||||||||||||
Financial liabilities: | ||||||||||||||||||||
Level 2 inputs: | ||||||||||||||||||||
Deposits | $997,757 | $997,829 | $1,003,723 | $1,003,816 | ||||||||||||||||
Securities sold under repurchase agreements | 19,886 | 19,886 | 21,143 | 21,143 | ||||||||||||||||
Borrowings | 2,197 | 2,246 | 6,527 | 6,448 | ||||||||||||||||
Accrued interest payable | 50 | 50 | 52 | 52 | ||||||||||||||||
Interest rate contracts | 97 | 97 | 186 | 186 | ||||||||||||||||
Level 3 inputs: | ||||||||||||||||||||
Junior subordinated debentures | 18,558 | 15,932 | 18,558 | 15,456 | ||||||||||||||||
Unrecognized financial instruments: | ||||||||||||||||||||
Commitments to extend credit(1) | $189,612 | $1,896 | $187,931 | $1,879 | ||||||||||||||||
Standby letters of credit(1) | 6,464 | 65 | 6,463 | 65 | ||||||||||||||||
(1) Carrying amounts reflect the notional amount of credit exposure under these financial instruments. | ||||||||||||||||||||
The following table sets forth the balances as of the periods indicated of assets measured at fair value on a recurring basis: | ||||||||||||||||||||
(In Thousands) | Total | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | ||||||||||||||||
March 31, 2014 | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Available for sale securities | ||||||||||||||||||||
U.S. Treasury and government sponsored entities | $159,731 | $10,506 | $149,225 | $— | ||||||||||||||||
Municipal securities | 19,671 | — | 19,671 | — | ||||||||||||||||
U.S. Agency mortgage-backed securities | 25 | — | 25 | — | ||||||||||||||||
Corporate bonds | 49,670 | 16,069 | 33,601 | — | ||||||||||||||||
Preferred stock | 3,121 | 3,121 | — | — | ||||||||||||||||
Total available for sale securities | $232,218 | $29,696 | $202,522 | $— | ||||||||||||||||
Other assets (interest rate contracts) | $97 | $— | $97 | $— | ||||||||||||||||
Liabilities: | ||||||||||||||||||||
Other liabilities (interest rate contracts) | $97 | $— | $97 | $— | ||||||||||||||||
December 31, 2013 | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Available for sale securities | ||||||||||||||||||||
U.S. Treasury and government sponsored entities | $168,702 | $5,538 | $163,164 | $— | ||||||||||||||||
Municipal securities | 20,149 | 419 | 19,730 | — | ||||||||||||||||
U.S. Agency mortgage-backed securities | 25 | — | 25 | — | ||||||||||||||||
Corporate bonds | 56,778 | 11,496 | 45,282 | — | ||||||||||||||||
Preferred stock | 3,034 | 3,034 | — | — | ||||||||||||||||
Total available for sale securities | $248,688 | $20,487 | $228,201 | $— | ||||||||||||||||
Other assets (interest rate contracts) | $186 | $— | $186 | $— | ||||||||||||||||
Liabilities: | ||||||||||||||||||||
Other liabilities (interest rate contracts) | $186 | $— | $186 | $— | ||||||||||||||||
As of and for the three months ending March 31, 2014 and 2013, no impairment or valuation adjustment was recognized for assets recognized at fair value on a nonrecurring basis, except for certain assets as shown in the following table. For loans measured for impairment, the Company classifies fair value measurements using observable inputs, such as external appraisals, as Level 2 valuations in the fair value hierarchy, and unobservable inputs, such as in-house evaluations, as Level 3 valuations in the fair value hierarchy. | ||||||||||||||||||||
(In Thousands) | Total | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total (gains) losses | |||||||||||||||
March 31, 2014 | ||||||||||||||||||||
Loans measured for impairment | $807 | $— | $— | $807 | $271 | |||||||||||||||
Total | $807 | $— | $— | $807 | $271 | |||||||||||||||
March 31, 2013 | ||||||||||||||||||||
Loans measured for impairment | $1,459 | $— | $770 | $689 | $— | |||||||||||||||
Total | $1,459 | $— | $770 | $689 | $— | |||||||||||||||
Subsequent_Event_Notes
Subsequent Event (Notes) | 3 Months Ended |
Mar. 31, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Event | ' |
Subsequent Event | |
On April 1, 2014 the Company completed the acquisition of Alaska Pacific Bancshares, Inc. ("Alaska Pacific") pursuant to an Agreement and Plan of Merger, dated as of October 21, 2013 (the "Merger Agreement"). As a result of this transaction, Alaska Pacific was merged into the Company and Alaska Pacific Bank was merged into Northrim Bank. The primary reason for the acquisition was to expand the Company's geographic footprint in Alaska. Under the terms of the Merger Agreement, Northrim paid $17.57 per share in either cash, shares of the Company's common stock, or a combination thereof for each outstanding share of Alaska Pacific common stock. The total purchase price was $13.9 million, which was comprised of the issuance of 290,212 shares of the Company's common stock (at a volume weighted average closing price of $25.66 per share) and $6.4 million in cash. | |
The results of operations for Alaska Pacific will be included in the Company's consolidated financial statements from the date of acquisition. The assets acquired and liabilities assumed have been accounted for under the acquisition method of accounting. The assets and liabilities, both tangible and intangible, were recorded at their estimated fair values as of the April 1, 2014 acquisition date. | |
The application of the acquisition method of accounting resulted in the recognition of a bargain purchase gain of approximately $300,000 and a core deposit intangible of $623,000, or 0.5% of core deposits. The bargain purchase gain represents the excess of the estimated fair value of the net assets acquired in excess of the purchase price. This acquisition resulted in a bargain purchase gain primarily due to the inclusion of certain adjustments to the purchase price for potential risks identified by the Company during the due diligence and price negotiation stages of the acquisition that were concluded in October of 2013. As of the date of this Form 10-Q, the Company has concluded that the potential risks identified at that time do not represent a liability to the Company and, accordingly, they have not been allocated any value in the application of the acquisition method of accounting. |
Investment_Securities_Tables
Investment Securities (Tables) | 3 Months Ended | ||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||
Marketable Securities [Abstract] | ' | ||||||||||||||||||
Summary Of Investment Security Carrying and Fair Value | ' | ||||||||||||||||||
The carrying values and approximate fair values of investment securities at the periods indicated are presented below: | |||||||||||||||||||
(In Thousands) | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | |||||||||||||||
March 31, 2014 | |||||||||||||||||||
Securities available for sale | |||||||||||||||||||
U.S. Treasury and government sponsored entities | $159,935 | $130 | $334 | $159,731 | |||||||||||||||
Municipal securities | 19,423 | 301 | 53 | 19,671 | |||||||||||||||
U.S. Agency mortgage-backed securities | 25 | — | — | 25 | |||||||||||||||
Corporate bonds | 48,720 | 957 | 7 | 49,670 | |||||||||||||||
Preferred stock | 2,999 | 122 | — | 3,121 | |||||||||||||||
Total securities available for sale | $231,102 | $1,510 | $394 | $232,218 | |||||||||||||||
Securities held to maturity | |||||||||||||||||||
Municipal securities | $2,206 | $129 | $— | $2,335 | |||||||||||||||
Total securities held to maturity | $2,206 | $129 | $— | $2,335 | |||||||||||||||
December 31, 2013 | |||||||||||||||||||
Securities available for sale | |||||||||||||||||||
U.S. Treasury and government sponsored entities | $168,922 | $103 | $323 | $168,702 | |||||||||||||||
Municipal securities | 19,825 | 378 | 54 | 20,149 | |||||||||||||||
U.S. Agency mortgage-backed securities | 25 | — | — | 25 | |||||||||||||||
Corporate bonds | 55,798 | 1,000 | 20 | 56,778 | |||||||||||||||
Preferred stock | 2,999 | 35 | — | 3,034 | |||||||||||||||
Total securities available for sale | $247,569 | $1,516 | $397 | $248,688 | |||||||||||||||
Securities held to maturity | |||||||||||||||||||
Municipal securities | $2,208 | $153 | $— | $2,361 | |||||||||||||||
Total securities held to maturity | $2,208 | $153 | $— | $2,361 | |||||||||||||||
Unrealized Gain (Loss) on Investments | ' | ||||||||||||||||||
Gross unrealized losses on investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2014 and December 31, 2013 were as follows: | |||||||||||||||||||
Less Than 12 Months | More Than 12 Months | Total | |||||||||||||||||
(In Thousands) | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | |||||||||||||
March 31, 2014: | |||||||||||||||||||
Securities Available for Sale | |||||||||||||||||||
U.S. Treasury and government sponsored entities | $90,336 | $332 | $— | $— | $90,336 | $332 | |||||||||||||
Municipal Securities | — | — | 3,090 | 52 | 3,090 | 52 | |||||||||||||
Corporate Bonds | 2,000 | 6 | — | — | 2,000 | 6 | |||||||||||||
Total | $92,336 | $338 | $3,090 | $52 | $95,426 | $390 | |||||||||||||
December 31, 2013: | |||||||||||||||||||
Securities Available for Sale | |||||||||||||||||||
U.S. Treasury and government sponsored entities | $122,560 | $323 | $— | $— | $122,560 | $323 | |||||||||||||
Municipal Securities | 5,613 | 54 | — | — | 5,613 | 54 | |||||||||||||
Corporate Bonds | 6,051 | 20 | — | — | 6,051 | 20 | |||||||||||||
Total | $134,224 | $397 | $— | $— | $134,224 | $397 | |||||||||||||
Schedule Of Amortized Cost And Fair Value By Contractual Maturity | ' | ||||||||||||||||||
The amortized cost and fair values of debt securities at March 31, 2014, are distributed by contractual maturity as shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Although preferred stock has no stated maturity, it is aggregated in the calculation of weighted average yields presented below in the category of investments that mature in ten years or more. | |||||||||||||||||||
(In Thousands) | Amortized Cost | Fair Value | Weighted Average Yield | ||||||||||||||||
US Treasury and government sponsored entities | |||||||||||||||||||
1-5 years | $159,935 | $159,731 | 0.86 | % | |||||||||||||||
Total | $159,935 | $159,731 | 0.86 | % | |||||||||||||||
U.S. Agency mortgage-backed securities | |||||||||||||||||||
5-10 years | $25 | $25 | 4.15 | % | |||||||||||||||
Total | $25 | $25 | 4.15 | % | |||||||||||||||
Corporate bonds | |||||||||||||||||||
1-5 years | $46,720 | $47,677 | 1.61 | % | |||||||||||||||
5-10 years | 2,000 | 1,993 | 1.04 | % | |||||||||||||||
Total | $48,720 | $49,670 | 1.59 | % | |||||||||||||||
Preferred stock | |||||||||||||||||||
Over 10 years | $2,999 | $3,121 | 5.61 | % | |||||||||||||||
Total | $2,999 | $3,121 | 5.61 | % | |||||||||||||||
Municipal securities | |||||||||||||||||||
Within 1 year | $7,632 | $7,656 | 1.35 | % | |||||||||||||||
1-5 years | 8,616 | 8,722 | 3.22 | % | |||||||||||||||
5-10 years | 5,381 | 5,629 | 4.78 | % | |||||||||||||||
Total | $21,629 | $22,007 | 2.95 | % | |||||||||||||||
Schedule Of Available-For-Sale Securities Proceeds, Gains, And Losses | ' | ||||||||||||||||||
The proceeds and resulting gains and losses, computed using specific identification, from sales of investment securities for the three months ending March 31, 2014 and 2013 respectively, are as follows: | |||||||||||||||||||
(In Thousands) | Proceeds | Gross Gains | Gross Losses | ||||||||||||||||
2014 | |||||||||||||||||||
Available for sale securities | $2,098 | $97 | $— | ||||||||||||||||
2013 | |||||||||||||||||||
Available for sale securities | $23,528 | $218 | $— | ||||||||||||||||
Summary Of Interest Income On Available-For-Sale Investment Securities | ' | ||||||||||||||||||
A summary of interest income for the three months ending March 31, 2014 and 2013 on available for sale investment securities is as follows: | |||||||||||||||||||
(In Thousands) | 2014 | 2013 | |||||||||||||||||
US Treasury and government sponsored entities | $335 | $207 | |||||||||||||||||
U.S. Agency mortgage-backed securities | — | — | |||||||||||||||||
Other | 258 | 307 | |||||||||||||||||
Total taxable interest income | $593 | $514 | |||||||||||||||||
Municipal securities | $137 | $145 | |||||||||||||||||
Total tax-exempt interest income | $137 | $145 | |||||||||||||||||
Total | $730 | $659 | |||||||||||||||||
Loans_Tables
Loans (Tables) | 3 Months Ended | |||||||||||||||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||||||||||||||
Loans [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Loan Portfolio Segmented By Risk Class | ' | |||||||||||||||||||||||||||||||||||
(In Thousands) | Commercial | Real estate construction one-to-four family | Real estate construction other | Real estate term owner occupied | Real estate term non-owner occupied | Real estate term other | Consumer secured by 1st deeds of trust | Consumer other | Total | |||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||||||||||||
AQR Pass | $287,224 | $27,775 | $35,083 | $73,602 | $255,703 | $34,663 | $15,215 | $18,065 | $747,330 | |||||||||||||||||||||||||||
AQR Special Mention | 5,803 | 353 | 812 | 5,993 | 3,129 | 286 | 635 | 165 | 17,176 | |||||||||||||||||||||||||||
AQR Substandard | 973 | — | — | 865 | 47 | 154 | 239 | 92 | 2,370 | |||||||||||||||||||||||||||
AQR Doubtful | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
AQR Loss | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Subtotal | $294,000 | $28,128 | $35,895 | $80,460 | $258,879 | $35,103 | $16,089 | $18,322 | $766,876 | |||||||||||||||||||||||||||
Less: Unearned origination fees, net of origination costs | (3,811 | ) | ||||||||||||||||||||||||||||||||||
Total loans | $763,065 | |||||||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
AQR Pass | $293,803 | $28,227 | $31,633 | $84,191 | $251,384 | $28,684 | $15,877 | $17,694 | $751,493 | |||||||||||||||||||||||||||
AQR Special Mention | 6,022 | 1,934 | 966 | 6,235 | 2,620 | — | 397 | 196 | 18,370 | |||||||||||||||||||||||||||
AQR Substandard | 513 | — | — | 672 | 1,320 | 1,292 | 209 | 168 | 4,174 | |||||||||||||||||||||||||||
AQR Doubtful | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
AQR Loss | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Subtotal | $300,338 | $30,161 | $32,599 | $91,098 | $255,324 | $29,976 | $16,483 | $18,058 | $774,037 | |||||||||||||||||||||||||||
Less: Unearned origination fees, net of origination costs | (4,021 | ) | ||||||||||||||||||||||||||||||||||
Total loans | $770,016 | |||||||||||||||||||||||||||||||||||
Nonaccrual Loans By Segment | ' | |||||||||||||||||||||||||||||||||||
Nonaccrual loans at the periods indicated, by segment are presented below: | ||||||||||||||||||||||||||||||||||||
(In Thousands) | March 31, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||||||
Commercial | $653 | $222 | ||||||||||||||||||||||||||||||||||
Real estate construction one-to-four family | — | — | ||||||||||||||||||||||||||||||||||
Real estate construction other | — | — | ||||||||||||||||||||||||||||||||||
Real estate term owner occupied | — | — | ||||||||||||||||||||||||||||||||||
Real estate term non-owner occupied | 47 | 151 | ||||||||||||||||||||||||||||||||||
Real estate term other | — | 1,136 | ||||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust | 217 | 187 | ||||||||||||||||||||||||||||||||||
Consumer other | 82 | 119 | ||||||||||||||||||||||||||||||||||
Total | $999 | $1,815 | ||||||||||||||||||||||||||||||||||
Past Due Loans And Nonaccrual Loans | ' | |||||||||||||||||||||||||||||||||||
Past due loans and nonaccrual loans at the periods indicated are presented below by loan class: | ||||||||||||||||||||||||||||||||||||
(In Thousands) | 30-59 Days | 60-89 Days | Greater Than | Nonaccrual | Total Past | Current | Total | |||||||||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | |||||||||||||||||||||||||||||||||
Still | Still | Still | ||||||||||||||||||||||||||||||||||
Accruing | Accruing | Accruing | ||||||||||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||||||||||||
AQR Pass | $725 | $— | $— | $— | $725 | $746,605 | $747,330 | |||||||||||||||||||||||||||||
AQR Special Mention | 577 | — | — | — | 577 | 16,599 | 17,176 | |||||||||||||||||||||||||||||
AQR Substandard | — | — | — | 999 | 999 | 1,371 | 2,370 | |||||||||||||||||||||||||||||
AQR Doubtful | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
AQR Loss | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Subtotal | $1,302 | $— | $— | $999 | $2,301 | $764,575 | $766,876 | |||||||||||||||||||||||||||||
Less: Unearned origination fees, net of origination costs | (3,811 | ) | ||||||||||||||||||||||||||||||||||
Total | $763,065 | |||||||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
AQR Pass | $672 | $— | $— | $127 | $799 | $750,694 | $751,493 | |||||||||||||||||||||||||||||
AQR Special Mention | 385 | — | — | — | 385 | 17,985 | 18,370 | |||||||||||||||||||||||||||||
AQR Substandard | — | — | — | 1,688 | 1,688 | 2,486 | 4,174 | |||||||||||||||||||||||||||||
AQR Doubtful | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
AQR Loss | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Subtotal | $1,057 | $— | $— | $1,815 | $2,872 | $771,165 | $774,037 | |||||||||||||||||||||||||||||
Less: Unearned origination fees, net of origination costs | (4,021 | ) | ||||||||||||||||||||||||||||||||||
Total | $770,016 | |||||||||||||||||||||||||||||||||||
Impaired Loans | ' | |||||||||||||||||||||||||||||||||||
The following table presents information about impaired loans by class as of the periods indicated: | ||||||||||||||||||||||||||||||||||||
(In Thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | |||||||||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||||||||||||
With no related allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial - AQR special mention | $125 | $125 | $— | |||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 390 | 535 | — | |||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | 353 | 353 | — | |||||||||||||||||||||||||||||||||
Real estate construction other - AQR special mention | 812 | 812 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR pass | 509 | 509 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR special mention | 280 | 280 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR substandard | 865 | 865 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR pass | 615 | 615 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR special mention | 979 | 979 | — | |||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 154 | 154 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 86 | 86 | — | |||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | 56 | 56 | — | |||||||||||||||||||||||||||||||||
Subtotal | $5,224 | $5,369 | $— | |||||||||||||||||||||||||||||||||
With an allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial - AQR special mention | $184 | $184 | $2 | |||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 440 | 760 | 275 | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 183 | 183 | 5 | |||||||||||||||||||||||||||||||||
Subtotal | $807 | $1,127 | $282 | |||||||||||||||||||||||||||||||||
Commercial - AQR special mention | $309 | $309 | $2 | |||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 830 | 1,295 | 275 | |||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | 353 | 353 | — | |||||||||||||||||||||||||||||||||
Real estate construction other - AQR special mention | 812 | 812 | — | |||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR pass | 509 | 509 | — | |||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR special mention | 280 | 280 | — | |||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR substandard | 865 | 865 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR pass | 615 | 615 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR special mention | 979 | 979 | — | |||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 154 | 154 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 86 | 86 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 183 | 183 | 5 | |||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | 56 | 56 | — | |||||||||||||||||||||||||||||||||
Total | $6,031 | $6,496 | $282 | |||||||||||||||||||||||||||||||||
(In Thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | |||||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
With no related allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial - AQR pass | $181 | $181 | $— | |||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 314 | 314 | — | |||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 343 | 488 | — | |||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | 353 | 353 | — | |||||||||||||||||||||||||||||||||
Real estate construction other - AQR pass | 1,686 | 1,686 | — | |||||||||||||||||||||||||||||||||
Real estate construction other - AQR special mention | 834 | 834 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied - AQR pass | 512 | 512 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied - AQR special mention | 484 | 484 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied - AQR substandard | 672 | 672 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR special mention | 786 | 786 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR substandard | 955 | 955 | — | |||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 1,292 | 1,571 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 88 | 88 | — | |||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | 65 | 65 | — | |||||||||||||||||||||||||||||||||
Subtotal | $8,565 | $8,989 | $— | |||||||||||||||||||||||||||||||||
With an allowance recorded | ||||||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | $186 | $186 | $11 | |||||||||||||||||||||||||||||||||
Subtotal | $186 | $186 | $11 | |||||||||||||||||||||||||||||||||
Commercial - AQR pass | $181 | $181 | $— | |||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 314 | 314 | — | |||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 343 | 488 | — | |||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | 353 | 353 | — | |||||||||||||||||||||||||||||||||
Real estate construction other - AQR pass | 1,686 | 1,686 | — | |||||||||||||||||||||||||||||||||
Real estate construction other - AQR special mention | 834 | 834 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied - AQR pass | 512 | 512 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied - AQR special mention | 484 | 484 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied - AQR substandard | 672 | 672 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR special mention | 786 | 786 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR substandard | 955 | 955 | — | |||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 1,292 | 1,571 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 88 | 88 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 186 | 186 | 11 | |||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | 65 | 65 | — | |||||||||||||||||||||||||||||||||
Total | $8,751 | $9,175 | $11 | |||||||||||||||||||||||||||||||||
Newly Restructured Loans | ' | |||||||||||||||||||||||||||||||||||
The Company did not have any newly restructured loans during the three months ended March 31, 2014. | ||||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted | ' | |||||||||||||||||||||||||||||||||||
The following table presents TDRs that occurred during the last twelve months that subsequently defaulted, for the periods ending March 31, 2014 and 2013, respectively: | ||||||||||||||||||||||||||||||||||||
March 31, 2014 | March 31, 2013 | |||||||||||||||||||||||||||||||||||
Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | |||||||||||||||||||||||||||||||||
(In Thousands) | ||||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings that Subsequently Defaulted: | ||||||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | 1 | $353 | — | $— | ||||||||||||||||||||||||||||||||
Total | 1 | $353 | — | $— | ||||||||||||||||||||||||||||||||
Allowance_For_Loan_Losses_Tabl
Allowance For Loan Losses (Tables) | 3 Months Ended | |||||||||||||||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||||||||||||||
Loans and Leases Receivable, Allowance [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Allowance For Loan Losses | ' | |||||||||||||||||||||||||||||||||||
The following tables detail activity in the Allowance for the periods indicated: | ||||||||||||||||||||||||||||||||||||
Three Months Ended March 31, | Commercial | Real estate construction one-to-four family | Real estate construction other | Real estate term owner occupied | Real estate term non-owner occupied | Real estate term other | Consumer secured by 1st deed of trust | Consumer other | Unallocated | Total | ||||||||||||||||||||||||||
2014 | ||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $5,779 | $557 | $539 | $1,583 | $4,297 | $537 | $322 | $390 | $2,278 | $16,282 | ||||||||||||||||||||||||||
Charge-Offs | (320 | ) | — | — | — | — | — | — | (9 | ) | — | (329 | ) | |||||||||||||||||||||||
Recoveries | 54 | 12 | — | — | — | — | — | 13 | — | 79 | ||||||||||||||||||||||||||
Provision (benefit) | 144 | (56 | ) | 84 | (176 | ) | (4 | ) | 118 | (9 | ) | (10 | ) | (91 | ) | — | ||||||||||||||||||||
Balance, end of period | $5,657 | $513 | $623 | $1,407 | $4,293 | $655 | $313 | $384 | $2,187 | $16,032 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Individually evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $277 | $— | $— | $— | $— | $— | $5 | $— | $— | $282 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Collectively evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $5,380 | $513 | $623 | $1,407 | $4,293 | $655 | $308 | $384 | $2,187 | $15,750 | ||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $6,308 | $1,029 | $326 | $1,441 | $4,065 | $539 | $344 | $388 | $1,968 | $16,408 | ||||||||||||||||||||||||||
Charge-Offs | — | — | — | — | — | — | — | (14 | ) | — | (14 | ) | ||||||||||||||||||||||||
Recoveries | 76 | — | 18 | — | — | — | — | 3 | — | 97 | ||||||||||||||||||||||||||
Provision (benefit) | 533 | (303 | ) | 227 | (7 | ) | 377 | 116 | 7 | 25 | (825 | ) | 150 | |||||||||||||||||||||||
Balance, end of period | $6,917 | $726 | $571 | $1,434 | $4,442 | $655 | $351 | $402 | $1,143 | $16,641 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Individually evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $395 | $242 | $— | $— | $— | $— | $22 | $— | $— | $659 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Collectively evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $6,522 | $484 | $571 | $1,434 | $4,442 | $655 | $329 | $402 | $1,143 | $15,982 | ||||||||||||||||||||||||||
Recorded Investment Segregated By Amounts Individually Or Collectively In Allowance For Loan Losses | ' | |||||||||||||||||||||||||||||||||||
The following is a detail of the recorded investment in the loan portfolio, segregated by amounts evaluated individually or collectively in the Allowance at the periods indicated: | ||||||||||||||||||||||||||||||||||||
(In Thousands) | Commercial | Real estate construction one-to-four family | Real estate construction other | Real estate term owner occupied | Real estate term non-owner occupied | Real estate term other | Consumer secured by 1st deed of trust | Consumer other | Total | |||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||||||||||||
Balance, end of period | $294,000 | $28,128 | $35,895 | $80,460 | $258,879 | $35,103 | $16,089 | $18,322 | $766,876 | |||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Individually evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $1,139 | $353 | $812 | $1,654 | $1,594 | $154 | $269 | $56 | $6,031 | |||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Collectively evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $292,861 | $27,775 | $35,083 | $78,806 | $257,285 | $34,949 | $15,820 | $18,266 | $760,845 | |||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
Balance, end of period | $300,338 | $30,161 | $32,599 | $91,098 | $255,324 | $29,976 | $16,483 | $18,058 | $774,037 | |||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Individually evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $838 | $353 | $2,520 | $1,668 | $1,741 | $1,292 | $274 | $65 | $8,751 | |||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Collectively evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $299,500 | $29,808 | $30,079 | $89,430 | $253,583 | $28,684 | $16,209 | $17,993 | $765,286 | |||||||||||||||||||||||||||
Balance Of The Allowance Segregated By Segment And Class | ' | |||||||||||||||||||||||||||||||||||
The following represents the balance of the Allowance for the periods indicated segregated by segment and class: | ||||||||||||||||||||||||||||||||||||
(In Thousands) | Total | Commercial | Real estate construction 1-4 family | Real estate construction other | Real estate term owner occupied | Real estate term non-owner occupied | Real estate term other | Consumer secured by 1st deeds of trust | Consumer other | Unallocated | ||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | ||||||||||||||||||||||||||||||||||||
AQR Special Mention | $2 | $2 | $— | $— | $— | $— | $— | $— | $— | $— | ||||||||||||||||||||||||||
AQR Substandard | 280 | 275 | — | — | — | — | — | 5 | — | — | ||||||||||||||||||||||||||
Collectively evaluated for impairment: | ||||||||||||||||||||||||||||||||||||
AQR Pass | 12,953 | 5,077 | 513 | 623 | 1,206 | 4,255 | 650 | 261 | 368 | — | ||||||||||||||||||||||||||
AQR Special Mention | 580 | 288 | — | — | 201 | 35 | 5 | 45 | 6 | — | ||||||||||||||||||||||||||
AQR Substandard | 30 | 15 | — | — | — | 3 | — | 2 | 10 | — | ||||||||||||||||||||||||||
Unallocated | 2,187 | — | — | — | — | — | — | — | — | 2,187 | ||||||||||||||||||||||||||
$16,032 | $5,657 | $513 | $623 | $1,407 | $4,293 | $655 | $313 | $384 | $2,187 | |||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment: | ||||||||||||||||||||||||||||||||||||
AQR Substandard | $11 | $— | $— | $— | $— | $— | $— | $11 | $— | $— | ||||||||||||||||||||||||||
Collectively evaluated for impairment: | ||||||||||||||||||||||||||||||||||||
AQR Pass | 13,325 | 5,482 | 527 | 537 | 1,381 | 4,225 | 537 | 274 | 362 | — | ||||||||||||||||||||||||||
AQR Special Mention | 586 | 278 | 30 | 2 | 202 | 30 | — | 36 | 8 | — | ||||||||||||||||||||||||||
AQR Substandard | 82 | 19 | — | — | — | 42 | — | 1 | 20 | — | ||||||||||||||||||||||||||
Unallocated | 2,278 | — | — | — | — | — | — | — | — | 2,278 | ||||||||||||||||||||||||||
$16,282 | $5,779 | $557 | $539 | $1,583 | $4,297 | $537 | $322 | $390 | $2,278 | |||||||||||||||||||||||||||
Purchased_Receivables_Tables
Purchased Receivables (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ||||||||||||||||||||||||||||||
Summary Of Components Of Net Purchased Receivables | ' | ||||||||||||||||||||||||||||||
The following table summarizes the components of net purchased receivables for the periods indicated: | |||||||||||||||||||||||||||||||
(In Thousands) | March 31, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||
Purchased receivables | $10,136 | $16,298 | |||||||||||||||||||||||||||||
Reserve for purchased receivable losses | (236 | ) | (273 | ) | |||||||||||||||||||||||||||
Total | $9,900 | $16,025 | |||||||||||||||||||||||||||||
Allowance on Net Purchased Receivables | ' | ||||||||||||||||||||||||||||||
The following tables detail activity in the Allowance for the periods indicated: | |||||||||||||||||||||||||||||||
Three Months Ended March 31, | Commercial | Real estate construction one-to-four family | Real estate construction other | Real estate term owner occupied | Real estate term non-owner occupied | Real estate term other | Consumer secured by 1st deed of trust | Consumer other | Unallocated | Total | |||||||||||||||||||||
2014 | |||||||||||||||||||||||||||||||
Balance, beginning of period | $5,779 | $557 | $539 | $1,583 | $4,297 | $537 | $322 | $390 | $2,278 | $16,282 | |||||||||||||||||||||
Charge-Offs | (320 | ) | — | — | — | — | — | — | (9 | ) | — | (329 | ) | ||||||||||||||||||
Recoveries | 54 | 12 | — | — | — | — | — | 13 | — | 79 | |||||||||||||||||||||
Provision (benefit) | 144 | (56 | ) | 84 | (176 | ) | (4 | ) | 118 | (9 | ) | (10 | ) | (91 | ) | — | |||||||||||||||
Balance, end of period | $5,657 | $513 | $623 | $1,407 | $4,293 | $655 | $313 | $384 | $2,187 | $16,032 | |||||||||||||||||||||
Balance, end of period: | |||||||||||||||||||||||||||||||
Individually evaluated | |||||||||||||||||||||||||||||||
for impairment | $277 | $— | $— | $— | $— | $— | $5 | $— | $— | $282 | |||||||||||||||||||||
Balance, end of period: | |||||||||||||||||||||||||||||||
Collectively evaluated | |||||||||||||||||||||||||||||||
for impairment | $5,380 | $513 | $623 | $1,407 | $4,293 | $655 | $308 | $384 | $2,187 | $15,750 | |||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||||
Balance, beginning of period | $6,308 | $1,029 | $326 | $1,441 | $4,065 | $539 | $344 | $388 | $1,968 | $16,408 | |||||||||||||||||||||
Charge-Offs | — | — | — | — | — | — | — | (14 | ) | — | (14 | ) | |||||||||||||||||||
Recoveries | 76 | — | 18 | — | — | — | — | 3 | — | 97 | |||||||||||||||||||||
Provision (benefit) | 533 | (303 | ) | 227 | (7 | ) | 377 | 116 | 7 | 25 | (825 | ) | 150 | ||||||||||||||||||
Balance, end of period | $6,917 | $726 | $571 | $1,434 | $4,442 | $655 | $351 | $402 | $1,143 | $16,641 | |||||||||||||||||||||
Balance, end of period: | |||||||||||||||||||||||||||||||
Individually evaluated | |||||||||||||||||||||||||||||||
for impairment | $395 | $242 | $— | $— | $— | $— | $22 | $— | $— | $659 | |||||||||||||||||||||
Balance, end of period: | |||||||||||||||||||||||||||||||
Collectively evaluated | |||||||||||||||||||||||||||||||
for impairment | $6,522 | $484 | $571 | $1,434 | $4,442 | $655 | $329 | $402 | $1,143 | $15,982 | |||||||||||||||||||||
Purchased Receivable | ' | ||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ||||||||||||||||||||||||||||||
Allowance on Net Purchased Receivables | ' | ||||||||||||||||||||||||||||||
The following table sets forth information regarding changes in the purchased receivable reserve for the periods indicated: | |||||||||||||||||||||||||||||||
(In Thousands) | March 31, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||
Balance at beginning of period | $273 | $323 | |||||||||||||||||||||||||||||
Charge-offs | — | (150 | ) | ||||||||||||||||||||||||||||
Recoveries | — | — | |||||||||||||||||||||||||||||
Charge-offs net of recoveries | — | (150 | ) | ||||||||||||||||||||||||||||
Reserve of purchased receivables | (37 | ) | 100 | ||||||||||||||||||||||||||||
Balance at end of period | $236 | $273 | |||||||||||||||||||||||||||||
Derivatives_Tables
Derivatives (Tables) | 3 Months Ended | ||||||||||
Mar. 31, 2014 | |||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||||
Schedule of Derivative Instruments | ' | ||||||||||
The following table presents the fair value of derivatives not designated as hedging instruments at March 31, 2014 and December 31, 2013: | |||||||||||
(In thousands) | Asset Derivatives | ||||||||||
March 31, 2014 | December 31, 2013 | ||||||||||
Balance Sheet Location | Fair Value | Fair Value | |||||||||
Interest rate contracts | Other assets | $97 | $186 | ||||||||
(In thousands) | Liability Derivatives | ||||||||||
March 31, 2013 | December 31, 2013 | ||||||||||
Balance Sheet Location | Fair Value | Fair Value | |||||||||
Interest rate contracts | Other Liabilities | $97 | $186 | ||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 3 Months Ended | |||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||
Schedule Of Estimated Fair Values | ' | |||||||||||||||||||
Estimated fair values as of the periods indicated are as follows: | ||||||||||||||||||||
March 31, 2014 | December 31, 2013 | |||||||||||||||||||
(In Thousands) | Carrying Amount | Fair Value | Carrying Amount | Fair Value | ||||||||||||||||
Financial assets: | ||||||||||||||||||||
Level 1 inputs: | ||||||||||||||||||||
Cash, due from banks and deposits in other banks | $108,841 | $108,841 | $99,091 | $99,091 | ||||||||||||||||
Investment securities | 29,696 | 29,696 | 20,487 | 20,487 | ||||||||||||||||
Level 2 inputs: | ||||||||||||||||||||
Investment securities | 206,546 | 206,675 | 232,305 | 232,458 | ||||||||||||||||
Accrued interest receivable | 2,934 | 2,934 | 2,729 | 2,729 | ||||||||||||||||
Interest rate contracts | 97 | 97 | 186 | 186 | ||||||||||||||||
Level 3 inputs: | ||||||||||||||||||||
Loans and loans held for sale, net | 761,361 | 766,806 | 765,035 | 769,570 | ||||||||||||||||
Purchased receivables, net | 9,900 | 9,900 | 16,025 | 16,025 | ||||||||||||||||
Financial liabilities: | ||||||||||||||||||||
Level 2 inputs: | ||||||||||||||||||||
Deposits | $997,757 | $997,829 | $1,003,723 | $1,003,816 | ||||||||||||||||
Securities sold under repurchase agreements | 19,886 | 19,886 | 21,143 | 21,143 | ||||||||||||||||
Borrowings | 2,197 | 2,246 | 6,527 | 6,448 | ||||||||||||||||
Accrued interest payable | 50 | 50 | 52 | 52 | ||||||||||||||||
Interest rate contracts | 97 | 97 | 186 | 186 | ||||||||||||||||
Level 3 inputs: | ||||||||||||||||||||
Junior subordinated debentures | 18,558 | 15,932 | 18,558 | 15,456 | ||||||||||||||||
Unrecognized financial instruments: | ||||||||||||||||||||
Commitments to extend credit(1) | $189,612 | $1,896 | $187,931 | $1,879 | ||||||||||||||||
Standby letters of credit(1) | 6,464 | 65 | 6,463 | 65 | ||||||||||||||||
Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis | ' | |||||||||||||||||||
The following table sets forth the balances as of the periods indicated of assets measured at fair value on a recurring basis: | ||||||||||||||||||||
(In Thousands) | Total | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | ||||||||||||||||
March 31, 2014 | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Available for sale securities | ||||||||||||||||||||
U.S. Treasury and government sponsored entities | $159,731 | $10,506 | $149,225 | $— | ||||||||||||||||
Municipal securities | 19,671 | — | 19,671 | — | ||||||||||||||||
U.S. Agency mortgage-backed securities | 25 | — | 25 | — | ||||||||||||||||
Corporate bonds | 49,670 | 16,069 | 33,601 | — | ||||||||||||||||
Preferred stock | 3,121 | 3,121 | — | — | ||||||||||||||||
Total available for sale securities | $232,218 | $29,696 | $202,522 | $— | ||||||||||||||||
Other assets (interest rate contracts) | $97 | $— | $97 | $— | ||||||||||||||||
Liabilities: | ||||||||||||||||||||
Other liabilities (interest rate contracts) | $97 | $— | $97 | $— | ||||||||||||||||
December 31, 2013 | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Available for sale securities | ||||||||||||||||||||
U.S. Treasury and government sponsored entities | $168,702 | $5,538 | $163,164 | $— | ||||||||||||||||
Municipal securities | 20,149 | 419 | 19,730 | — | ||||||||||||||||
U.S. Agency mortgage-backed securities | 25 | — | 25 | — | ||||||||||||||||
Corporate bonds | 56,778 | 11,496 | 45,282 | — | ||||||||||||||||
Preferred stock | 3,034 | 3,034 | — | — | ||||||||||||||||
Total available for sale securities | $248,688 | $20,487 | $228,201 | $— | ||||||||||||||||
Other assets (interest rate contracts) | $186 | $— | $186 | $— | ||||||||||||||||
Liabilities: | ||||||||||||||||||||
Other liabilities (interest rate contracts) | $186 | $— | $186 | $— | ||||||||||||||||
Schedule Of Asset Impairment Or Valuation Adjustment Recognized At Fair Value On A Nonrecurring Basis | ' | |||||||||||||||||||
March 31, 2014 and 2013, no impairment or valuation adjustment was recognized for assets recognized at fair value on a nonrecurring basis, except for certain assets as shown in the following table. For loans measured for impairment, the Company classifies fair value measurements using observable inputs, such as external appraisals, as Level 2 valuations in the fair value hierarchy, and unobservable inputs, such as in-house evaluations, as Level 3 valuations in the fair value hierarchy. | ||||||||||||||||||||
(In Thousands) | Total | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total (gains) losses | |||||||||||||||
March 31, 2014 | ||||||||||||||||||||
Loans measured for impairment | $807 | $— | $— | $807 | $271 | |||||||||||||||
Total | $807 | $— | $— | $807 | $271 | |||||||||||||||
March 31, 2013 | ||||||||||||||||||||
Loans measured for impairment | $1,459 | $— | $770 | $689 | $— | |||||||||||||||
Total | $1,459 | $— | $770 | $689 | $— | |||||||||||||||
Cash_And_Due_From_Banks_Detail
Cash And Due From Banks (Details) (USD $) | 3 Months Ended |
In Millions, unless otherwise specified | Mar. 31, 2014 |
Cash and Due from Banks [Abstract] | ' |
Maturity period of securities at acquisition | '90 days |
Domestic certificates of deposit | $13.50 |
Investment_Securities_Narrativ
Investment Securities - Narrative (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | security | security |
Marketable Securities [Abstract] | ' | ' |
Securities with unrealized losses | 12 | 26 |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 2 | 0 |
Available-for-sale Securities Pledged as Collateral | $46.80 | $46.80 |
Available-for-sale Securities Pledged as Collateral, Percent of Portfolio | 20.00% | 19.00% |
Investment_Securities_Summary_
Investment Securities - Summary Of Available-For-Sale Securities (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | $231,102 | $247,569 |
Gross Unrealized Gains | 1,510 | 1,516 |
Gross Unrealized Losses | 394 | 397 |
Fair Value | 232,218 | 248,688 |
U.S Treasury And Government Sponsored Entities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 159,935 | 168,922 |
Gross Unrealized Gains | 130 | 103 |
Gross Unrealized Losses | 334 | 323 |
Fair Value | 159,731 | 168,702 |
Municipal Bonds | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 19,423 | 19,825 |
Gross Unrealized Gains | 301 | 378 |
Gross Unrealized Losses | 53 | 54 |
Fair Value | 19,671 | 20,149 |
U.S Agency Mortgage-Backed Securities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 25 | 25 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 0 | 0 |
Fair Value | 25 | 25 |
Corporate Bonds | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 48,720 | 55,798 |
Gross Unrealized Gains | 957 | 1,000 |
Gross Unrealized Losses | 7 | 20 |
Fair Value | 49,670 | 56,778 |
Preferred Stock | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 2,999 | 2,999 |
Gross Unrealized Gains | 122 | 35 |
Gross Unrealized Losses | 0 | 0 |
Fair Value | $3,121 | $3,034 |
Investment_Securities_Summary_1
Investment Securities - Summary Of Held-To-Maturity Securities (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Amortized Cost | $2,206 | $2,208 |
Gross Unrealized Gains | 129 | 153 |
Gross Unrealized Losses | 0 | 0 |
Fair Value | 2,335 | 2,361 |
Municipal Bonds | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Amortized Cost | 2,206 | 2,208 |
Gross Unrealized Gains | 129 | 153 |
Gross Unrealized Losses | 0 | 0 |
Fair Value | $2,335 | $2,361 |
Investment_Securities_Unrealiz
Investment Securities - Unrealized Gain (Loss) on Investments (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than Twelve Months, Fair Value | $92,336 | $134,224 |
Less Than 12 Months Aggregate Losses, Accumulated In Investments | 338 | 397 |
Twelve Months or Longer, Fair Value | 3,090 | 0 |
12 Months Or Longer, Aggregate Losses Accumulated In Investments | 52 | 0 |
Fair Value | 95,426 | 134,224 |
Accumulated In Investments | 390 | 397 |
U.S Treasury And Government Sponsored Entities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than Twelve Months, Fair Value | 90,336 | 122,560 |
Less Than 12 Months Aggregate Losses, Accumulated In Investments | 332 | 323 |
Twelve Months or Longer, Fair Value | 0 | 0 |
12 Months Or Longer, Aggregate Losses Accumulated In Investments | 0 | 0 |
Fair Value | 90,336 | 122,560 |
Accumulated In Investments | 332 | 323 |
Municipal Bonds | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than Twelve Months, Fair Value | 0 | 5,613 |
Less Than 12 Months Aggregate Losses, Accumulated In Investments | 0 | 54 |
Twelve Months or Longer, Fair Value | 3,090 | 0 |
12 Months Or Longer, Aggregate Losses Accumulated In Investments | 52 | 0 |
Fair Value | 3,090 | 5,613 |
Accumulated In Investments | 52 | 54 |
Corporate Bonds | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than Twelve Months, Fair Value | 2,000 | 6,051 |
Less Than 12 Months Aggregate Losses, Accumulated In Investments | 6 | 20 |
Twelve Months or Longer, Fair Value | 0 | 0 |
12 Months Or Longer, Aggregate Losses Accumulated In Investments | 0 | 0 |
Fair Value | 2,000 | 6,051 |
Accumulated In Investments | $6 | $20 |
Investment_Securities_Schedule
Investment Securities - Schedule Of Amortized Cost And Fair Value By Contractual Maturity Of Available-For-Sale Securities (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total securities available for sale, Amortized Cost | $231,102 | $247,569 |
U.S Treasury And Government Sponsored Entities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
1-5 years, Amortized Cost | 159,935 | ' |
Total securities available for sale, Amortized Cost | 159,935 | 168,922 |
1-5 years, Fair Value | 159,731 | ' |
1-5 years, Weighted Average Yield | 0.86% | ' |
Weighted Average Yield, Total | 0.86% | ' |
Total securities available for sale, Fair Value | 159,731 | ' |
U.S Agency Mortgage-Backed Securities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
5-10 years, Amortized Cost | 25 | ' |
Total securities available for sale, Amortized Cost | 25 | 25 |
5-10 years, Fair Value | 25 | ' |
5-10 years, Weighted Average Yield | 4.15% | ' |
Weighted Average Yield, Total | 4.15% | ' |
Total securities available for sale, Fair Value | 25 | ' |
Corporate Bonds | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
1-5 years, Amortized Cost | 46,720 | ' |
5-10 years, Amortized Cost | 2,000 | ' |
Total securities available for sale, Amortized Cost | 48,720 | 55,798 |
1-5 years, Fair Value | 47,677 | ' |
5-10 years, Fair Value | 1,993 | ' |
1-5 years, Weighted Average Yield | 1.61% | ' |
Available For Sale Securities After Six Through Ten Years Weighted Average Yield | 1.04% | ' |
Weighted Average Yield, Total | 1.59% | ' |
Total securities available for sale, Fair Value | 49,670 | ' |
Preferred Stock | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Over 10 years, Amortized Cost | 2,999 | ' |
Total securities available for sale, Amortized Cost | 2,999 | 2,999 |
Over 10 years, Fair Value | 3,121 | ' |
Over 10 years, Weighted Average Yield | 5.61% | ' |
Weighted Average Yield, Total | 5.61% | ' |
Total securities available for sale, Fair Value | $3,121 | ' |
Investment_Securities_Schedule1
Investment Securities - Schedule Of Amortized Cost And Fair Value By Contractual Maturity Of Debt Securities (Details) (Municipal Securities, USD $) | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |
Municipal Securities | ' |
Schedule Of Debt Securities [Line Items] | ' |
Within 1 year, Amortized Cost | $7,632 |
1-5 years, Amortized Cost | 8,616 |
5-10 years, Amortized Cost | 5,381 |
Total debt securities, Amortized Cost | 21,629 |
Within 1 year, Fair Value | 7,656 |
1-5 years, Fair Value | 8,722 |
5-10 years, Fair Value | 5,629 |
Total debt securities, Fair Value | $22,007 |
Within 1 year, Weighted Average Yield | 1.35% |
1-5 years, Weighted Average Yield | 3.22% |
5-10 years, Weighted Average Yield | 4.78% |
Weighted Average Yield, Total | 2.95% |
Investment_Securities_Schedule2
Investment Securities - Schedule Of Available-For-Sale Securities Proceeds, Gains, And Losses (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Marketable Securities [Abstract] | ' | ' |
Proceeds | $2,098 | $23,528 |
Gross Gains | 97 | 218 |
Gross Losses | $0 | $0 |
Investment_Securities_Summary_2
Investment Securities - Summary Of Interest Income On Available-For-Sale Investment Securities (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total taxable interest income | $593 | $514 |
Total tax-exempt interest income | 137 | 145 |
Total interest income | 730 | 659 |
U.S Treasury And Government Sponsored Entities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total taxable interest income | 335 | 207 |
U.S. Agency Mortgage-backed Securities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total taxable interest income | 0 | 0 |
Other | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total taxable interest income | 258 | 307 |
Municipal Bonds | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total tax-exempt interest income | $137 | $145 |
Loans_Held_For_Sale_Details
Loans Held For Sale (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Loans and Leases Receivable Disclosure [Abstract] | ' | ' |
Payments to Purchase Loans Held-for-sale | $30,482 | $20,242 |
Proceeds from the sale of loans held for sale | $27,455 | $20,493 |
Loans_Narrative_Details
Loans - Narrative (Details) (USD $) | 3 Months Ended | ||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | |
Contract | |||
Loans [Abstract] | ' | ' | ' |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | $0 | ' | $0 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | 0 | ' | ' |
Troubled Debt Restructurings With Specific Impairment Total Recorded Investment | 184,000 | ' | 0 |
Financing Receivable, Modifications with Specific Allowance, Number of Contracts | 1 | ' | ' |
Troubled Debt Restructurings that Subsequently Defaulted, Recorded Investment | 353,000 | 0 | ' |
Nonaccrual loans | 999,000 | ' | 1,815,000 |
Nonperforming loans minimum threshold for individual impairment evaluation | 50,000 | ' | ' |
Recorded investment in loans considered to be impaired | 6,031,000 | ' | 8,751,000 |
Loans classified as troubled debt restructuring | 4,800,000 | ' | 7,900,000 |
Troubled Debt Restructurings Total Recorded Investment Impairment Amount | $2,000 | ' | ' |
Loans_Loan_Portfolio_Segmented
Loans - Loan Portfolio Segmented By Risk Class (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | $766,876 | $774,037 |
Less: Unearned origination fee, net of origination costs | -3,811 | -4,021 |
Total loans | 763,065 | 770,016 |
Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 747,330 | 751,493 |
Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 17,176 | 18,370 |
Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 2,370 | 4,174 |
Asset Quality Rating - Doubtful | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Asset Quality Rating - Loss | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Commercial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 294,000 | 300,338 |
Commercial | Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 287,224 | 293,803 |
Commercial | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 5,803 | 6,022 |
Commercial | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 973 | 513 |
Commercial | Asset Quality Rating - Doubtful | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Commercial | Asset Quality Rating - Loss | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Real Estate Construction One-To- Four Family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 28,128 | 30,161 |
Real Estate Construction One-To- Four Family | Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 27,775 | 28,227 |
Real Estate Construction One-To- Four Family | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 353 | 1,934 |
Real Estate Construction One-To- Four Family | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Real Estate Construction One-To- Four Family | Asset Quality Rating - Doubtful | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Real Estate Construction One-To- Four Family | Asset Quality Rating - Loss | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Real Estate Construction Other | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 35,895 | 32,599 |
Real Estate Construction Other | Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 35,083 | 31,633 |
Real Estate Construction Other | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 812 | 966 |
Real Estate Construction Other | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Real Estate Construction Other | Asset Quality Rating - Doubtful | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Real Estate Construction Other | Asset Quality Rating - Loss | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Real Estate Term Owner Occupied | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 80,460 | 91,098 |
Real Estate Term Owner Occupied | Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 73,602 | 84,191 |
Real Estate Term Owner Occupied | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 5,993 | 6,235 |
Real Estate Term Owner Occupied | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 865 | 672 |
Real Estate Term Owner Occupied | Asset Quality Rating - Doubtful | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Real Estate Term Owner Occupied | Asset Quality Rating - Loss | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Real Estate Term Non-Owner Occupied | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 258,879 | 255,324 |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 255,703 | 251,384 |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 3,129 | 2,620 |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 47 | 1,320 |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Doubtful | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Loss | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Real Estate Term Other | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 35,103 | 29,976 |
Real Estate Term Other | Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 34,663 | 28,684 |
Real Estate Term Other | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 286 | 0 |
Real Estate Term Other | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 154 | 1,292 |
Real Estate Term Other | Asset Quality Rating - Doubtful | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Real Estate Term Other | Asset Quality Rating - Loss | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Consumer Secured By 1st Deed Of Trust | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 16,089 | 16,483 |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 15,215 | 15,877 |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 635 | 397 |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 239 | 209 |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Doubtful | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Loss | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Consumer Other | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 18,322 | 18,058 |
Consumer Other | Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 18,065 | 17,694 |
Consumer Other | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 165 | 196 |
Consumer Other | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 92 | 168 |
Consumer Other | Asset Quality Rating - Doubtful | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 0 |
Consumer Other | Asset Quality Rating - Loss | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | $0 | $0 |
Loans_Nonaccrual_Loans_By_Segm
Loans - Nonaccrual Loans By Segment (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Nonaccrual Loans By Major Loan Type [Line Items] | ' | ' |
Total | $999 | $1,815 |
Commercial | ' | ' |
Nonaccrual Loans By Major Loan Type [Line Items] | ' | ' |
Total | 653 | 222 |
Real Estate Construction One-To- Four Family | ' | ' |
Nonaccrual Loans By Major Loan Type [Line Items] | ' | ' |
Total | 0 | 0 |
Real Estate Construction Other | ' | ' |
Nonaccrual Loans By Major Loan Type [Line Items] | ' | ' |
Total | 0 | 0 |
Real Estate Term Owner Occupied | ' | ' |
Nonaccrual Loans By Major Loan Type [Line Items] | ' | ' |
Total | 0 | 0 |
Real Estate Term Non-Owner Occupied | ' | ' |
Nonaccrual Loans By Major Loan Type [Line Items] | ' | ' |
Total | 47 | 151 |
Real Estate Term Other | ' | ' |
Nonaccrual Loans By Major Loan Type [Line Items] | ' | ' |
Total | 0 | 1,136 |
Consumer Secured By 1st Deed Of Trust | ' | ' |
Nonaccrual Loans By Major Loan Type [Line Items] | ' | ' |
Total | 217 | 187 |
Consumer Other | ' | ' |
Nonaccrual Loans By Major Loan Type [Line Items] | ' | ' |
Total | $82 | $119 |
Loans_Past_Due_Loans_And_Nonac
Loans - Past Due Loans And Nonaccrual Loans (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due Still Accruing, Subtotal | $1,302,000 | $1,057,000 |
60-89 Days Past Due Still Accruing, Subtotal | 0 | 0 |
Greater Than 90 Days Still Accruing, Subtotal | 0 | 0 |
Nonaccrual loans | 999,000 | 1,815,000 |
Total Past Due and Nonaccrual, Subtotal | 2,301,000 | 2,872,000 |
Total Current, Subtotal | 764,575,000 | 771,165,000 |
Total Financing Receivables | 766,876,000 | 774,037,000 |
Less: Unearned origination fee, net of origination costs | -3,811,000 | -4,021,000 |
Total loans | 763,065,000 | 770,016,000 |
Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due Still Accruing, Subtotal | 725,000 | 672,000 |
60-89 Days Past Due Still Accruing, Subtotal | 0 | 0 |
Greater Than 90 Days Still Accruing, Subtotal | 0 | 0 |
Nonaccrual loans | 0 | 127,000 |
Total Past Due and Nonaccrual, Subtotal | 725,000 | 799,000 |
Total Current, Subtotal | 746,605,000 | 750,694,000 |
Total Financing Receivables | 747,330,000 | 751,493,000 |
Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due Still Accruing, Subtotal | 577,000 | 385,000 |
60-89 Days Past Due Still Accruing, Subtotal | 0 | 0 |
Greater Than 90 Days Still Accruing, Subtotal | 0 | 0 |
Nonaccrual loans | 0 | 0 |
Total Past Due and Nonaccrual, Subtotal | 577,000 | 385,000 |
Total Current, Subtotal | 16,599,000 | 17,985,000 |
Total Financing Receivables | 17,176,000 | 18,370,000 |
Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due Still Accruing, Subtotal | 0 | 0 |
60-89 Days Past Due Still Accruing, Subtotal | 0 | 0 |
Greater Than 90 Days Still Accruing, Subtotal | 0 | 0 |
Nonaccrual loans | 999,000 | 1,688,000 |
Total Past Due and Nonaccrual, Subtotal | 999,000 | 1,688,000 |
Total Current, Subtotal | 1,371,000 | 2,486,000 |
Total Financing Receivables | 2,370,000 | 4,174,000 |
Asset Quality Rating - Doubtful | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due Still Accruing, Subtotal | 0 | 0 |
60-89 Days Past Due Still Accruing, Subtotal | 0 | 0 |
Greater Than 90 Days Still Accruing, Subtotal | 0 | 0 |
Nonaccrual loans | 0 | 0 |
Total Past Due and Nonaccrual, Subtotal | 0 | 0 |
Total Current, Subtotal | 0 | 0 |
Total Financing Receivables | 0 | 0 |
Asset Quality Rating - Loss | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due Still Accruing, Subtotal | 0 | 0 |
60-89 Days Past Due Still Accruing, Subtotal | 0 | 0 |
Greater Than 90 Days Still Accruing, Subtotal | 0 | 0 |
Nonaccrual loans | 0 | 0 |
Total Past Due and Nonaccrual, Subtotal | 0 | 0 |
Total Current, Subtotal | 0 | 0 |
Total Financing Receivables | $0 | $0 |
Loans_Impaired_Loans_Details
Loans - Impaired Loans (Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | $5,224 | ' | $8,565 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 5,369 | ' | 8,989 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 807 | ' | 186 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 1,127 | ' | 186 |
Related Allowance | 282 | ' | 11 |
Recorded Investment | 6,031 | ' | 8,751 |
Unpaid Principal Balance | 6,496 | ' | 9,175 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 5,261 | 10,287 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 109 | 102 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 970 | 1,483 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 6 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 6,231 | 11,770 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 115 | 102 | ' |
Commercial | Asset Quality Rating - Pass | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | ' | ' | 181 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | ' | ' | 181 |
Related Allowance | ' | ' | 0 |
Recorded Investment | ' | ' | 181 |
Unpaid Principal Balance | ' | ' | 181 |
Commercial | Asset Quality Rating - Special Mention | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 125 | ' | 314 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 125 | ' | 314 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 184 | ' | ' |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 184 | ' | ' |
Related Allowance | 2 | ' | 0 |
Recorded Investment | 309 | ' | 314 |
Unpaid Principal Balance | 309 | ' | 314 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 132 | 486 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 11 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 185 | 0 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 6 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 317 | 486 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 7 | 11 | ' |
Commercial | Asset Quality Rating - Substandard | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 390 | ' | 343 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 535 | ' | 488 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 440 | ' | ' |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 760 | ' | ' |
Related Allowance | 275 | ' | 0 |
Recorded Investment | 830 | ' | 343 |
Unpaid Principal Balance | 1,295 | ' | 488 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 393 | 962 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 4 | 14 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 600 | 315 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 993 | 1,277 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 4 | 14 | ' |
Commercial | Asset Quality Rating - Loss | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 187 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 0 | 187 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 0 | ' |
Real Estate Construction One-To- Four Family | Asset Quality Rating - Special Mention | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 353 | ' | 353 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 353 | ' | 353 |
Related Allowance | 0 | ' | 0 |
Recorded Investment | 353 | ' | 353 |
Unpaid Principal Balance | 353 | ' | 353 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 353 | 470 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 6 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 353 | 470 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 6 | 0 | ' |
Real Estate Construction One-To- Four Family | Asset Quality Rating - Substandard | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 782 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 0 | 782 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 0 | ' |
Real Estate Construction Other | Asset Quality Rating - Pass | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | ' | ' | 1,686 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | ' | ' | 1,686 |
Related Allowance | ' | ' | 0 |
Recorded Investment | ' | ' | 1,686 |
Unpaid Principal Balance | ' | ' | 1,686 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 2,623 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 0 | 2,623 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 0 | ' |
Real Estate Construction Other | Asset Quality Rating - Special Mention | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 812 | ' | 834 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 812 | ' | 834 |
Related Allowance | 0 | ' | 0 |
Recorded Investment | 812 | ' | 834 |
Unpaid Principal Balance | 812 | ' | 834 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 823 | 0 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 30 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 823 | 0 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 30 | 0 | ' |
Real Estate Term Owner Occupied | Asset Quality Rating - Pass | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 509 | ' | 512 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 509 | ' | 512 |
Related Allowance | 0 | ' | 0 |
Recorded Investment | 509 | ' | 512 |
Unpaid Principal Balance | 509 | ' | 512 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 511 | 0 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 11 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 511 | 0 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 11 | 0 | ' |
Real Estate Term Owner Occupied | Asset Quality Rating - Special Mention | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 280 | ' | 484 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 280 | ' | 484 |
Related Allowance | 0 | ' | 0 |
Recorded Investment | 280 | ' | 484 |
Unpaid Principal Balance | 280 | ' | 484 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 281 | 1,082 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 6 | 20 | ' |
Impaired Financing Receivable, Average Recorded Investment | 281 | 1,082 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 6 | 20 | ' |
Real Estate Term Owner Occupied | Asset Quality Rating - Substandard | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 865 | ' | 672 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 865 | ' | 672 |
Related Allowance | 0 | ' | 0 |
Recorded Investment | 865 | ' | 672 |
Unpaid Principal Balance | 865 | ' | 672 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 869 | 0 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 13 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 869 | 0 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 13 | 0 | ' |
Real Estate Term Owner Occupied | Asset Quality Rating - Loss | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 406 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 5 | ' |
Impaired Financing Receivable, Average Recorded Investment | 0 | 406 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 5 | ' |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Pass | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 615 | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 615 | ' | ' |
Related Allowance | 0 | ' | ' |
Recorded Investment | 615 | ' | ' |
Unpaid Principal Balance | 615 | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 618 | 0 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 19 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 618 | 0 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 19 | 0 | ' |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Special Mention | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 979 | ' | 786 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 979 | ' | 786 |
Related Allowance | 0 | ' | 0 |
Recorded Investment | 979 | ' | 786 |
Unpaid Principal Balance | 979 | ' | 786 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 979 | 550 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 15 | 9 | ' |
Impaired Financing Receivable, Average Recorded Investment | 979 | 550 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 15 | 9 | ' |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Substandard | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | ' | ' | 955 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | ' | ' | 955 |
Related Allowance | ' | ' | 0 |
Recorded Investment | ' | ' | 955 |
Unpaid Principal Balance | ' | ' | 955 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 1,691 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 33 | ' |
Impaired Financing Receivable, Average Recorded Investment | 0 | 1,691 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 33 | ' |
Real Estate Term Other | Asset Quality Rating - Substandard | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 154 | ' | 1,292 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 154 | ' | 1,571 |
Related Allowance | 0 | ' | 0 |
Recorded Investment | 154 | ' | 1,292 |
Unpaid Principal Balance | 154 | ' | 1,571 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 154 | 1,607 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 3 | 7 | ' |
Impaired Financing Receivable, Average Recorded Investment | 154 | 1,607 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 3 | 7 | ' |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Pass | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 86 | ' | 88 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 86 | ' | 88 |
Related Allowance | 0 | ' | 0 |
Recorded Investment | 86 | ' | 88 |
Unpaid Principal Balance | 86 | ' | 88 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 87 | 92 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 1 | ' |
Impaired Financing Receivable, Average Recorded Investment | 87 | 92 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 1 | 1 | ' |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Special Mention | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 86 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 1 | ' |
Impaired Financing Receivable, Average Recorded Investment | 0 | 86 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 1 | ' |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Substandard | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 183 | ' | 186 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 183 | ' | 186 |
Related Allowance | 5 | ' | 11 |
Recorded Investment | 183 | ' | 186 |
Unpaid Principal Balance | 183 | ' | 186 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 185 | 199 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 185 | 199 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 0 | ' |
Consumer Other | Asset Quality Rating - Substandard | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 56 | ' | 65 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 56 | ' | 65 |
Related Allowance | 0 | ' | 0 |
Recorded Investment | 56 | ' | 65 |
Unpaid Principal Balance | 56 | ' | 65 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 61 | 232 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 1 | ' |
Impaired Financing Receivable, Average Recorded Investment | 61 | 232 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | $0 | $1 | ' |
Loans_Troubled_Debt_Restructur
Loans - Troubled Debt Restructurings That Subsequently Defaulted (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Contract | Contract | |
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled Debt Restructurings that Subsequently Defaulted, Number of Contracts | 1 | 0 |
Troubled Debt Restructurings that Subsequently Defaulted, Recorded Investment | $353 | $0 |
Real Estate Construction One-To- Four Family | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled Debt Restructurings that Subsequently Defaulted, Number of Contracts | 1 | 0 |
Troubled Debt Restructurings that Subsequently Defaulted, Recorded Investment | $353 | $0 |
Allowance_For_Loan_Losses_Allo
Allowance For Loan Losses - Allowance For Loan Losses (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Balance, beginning of period | $16,282 | $16,408 |
Charge-Offs | -329 | -14 |
Recoveries | 79 | 97 |
Provision (benefit) | 0 | 150 |
Balance, end of period | 16,032 | 16,641 |
Balance, end of period: Individually evaluated for impairment | 282 | 659 |
Balance, end of period: Collectively evaluated for impairment | 15,750 | 15,982 |
Commercial | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Balance, beginning of period | 5,779 | 6,308 |
Charge-Offs | -320 | 0 |
Recoveries | 54 | 76 |
Provision (benefit) | 144 | 533 |
Balance, end of period | 5,657 | 6,917 |
Balance, end of period: Individually evaluated for impairment | 277 | 395 |
Balance, end of period: Collectively evaluated for impairment | 5,380 | 6,522 |
Real Estate Construction One-To- Four Family | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Balance, beginning of period | 557 | 1,029 |
Charge-Offs | 0 | 0 |
Recoveries | 12 | 0 |
Provision (benefit) | -56 | -303 |
Balance, end of period | 513 | 726 |
Balance, end of period: Individually evaluated for impairment | 0 | 242 |
Balance, end of period: Collectively evaluated for impairment | 513 | 484 |
Real Estate Construction Other | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Balance, beginning of period | 539 | 326 |
Charge-Offs | 0 | 0 |
Recoveries | 0 | 18 |
Provision (benefit) | 84 | 227 |
Balance, end of period | 623 | 571 |
Balance, end of period: Individually evaluated for impairment | 0 | 0 |
Balance, end of period: Collectively evaluated for impairment | 623 | 571 |
Real Estate Term Owner Occupied | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Balance, beginning of period | 1,583 | 1,441 |
Charge-Offs | 0 | 0 |
Recoveries | 0 | 0 |
Provision (benefit) | -176 | -7 |
Balance, end of period | 1,407 | 1,434 |
Balance, end of period: Individually evaluated for impairment | 0 | 0 |
Balance, end of period: Collectively evaluated for impairment | 1,407 | 1,434 |
Real Estate Term Non-Owner Occupied | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Balance, beginning of period | 4,297 | 4,065 |
Charge-Offs | 0 | 0 |
Recoveries | 0 | 0 |
Provision (benefit) | -4 | 377 |
Balance, end of period | 4,293 | 4,442 |
Balance, end of period: Individually evaluated for impairment | 0 | 0 |
Balance, end of period: Collectively evaluated for impairment | 4,293 | 4,442 |
Real Estate Term Other | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Balance, beginning of period | 537 | 539 |
Charge-Offs | 0 | 0 |
Recoveries | 0 | 0 |
Provision (benefit) | 118 | 116 |
Balance, end of period | 655 | 655 |
Balance, end of period: Individually evaluated for impairment | 0 | 0 |
Balance, end of period: Collectively evaluated for impairment | 655 | 655 |
Consumer Secured By 1st Deed Of Trust | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Balance, beginning of period | 322 | 344 |
Charge-Offs | 0 | 0 |
Recoveries | 0 | 0 |
Provision (benefit) | -9 | 7 |
Balance, end of period | 313 | 351 |
Balance, end of period: Individually evaluated for impairment | 5 | 22 |
Balance, end of period: Collectively evaluated for impairment | 308 | 329 |
Consumer Other | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Balance, beginning of period | 390 | 388 |
Charge-Offs | -9 | -14 |
Recoveries | 13 | 3 |
Provision (benefit) | -10 | 25 |
Balance, end of period | 384 | 402 |
Balance, end of period: Individually evaluated for impairment | 0 | 0 |
Balance, end of period: Collectively evaluated for impairment | 384 | 402 |
Unallocated | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Balance, beginning of period | 2,278 | 1,968 |
Charge-Offs | 0 | 0 |
Recoveries | 0 | 0 |
Provision (benefit) | -91 | -825 |
Balance, end of period | 2,187 | 1,143 |
Balance, end of period: Individually evaluated for impairment | 0 | 0 |
Balance, end of period: Collectively evaluated for impairment | $2,187 | $1,143 |
Allowance_For_Loan_Losses_Reco
Allowance For Loan Losses - Recorded Investment Segregated By Amounts Individually Or Collectively In Allowance For Loan Losses (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total Financing Receivables | $766,876 | $774,037 |
Balance, end of period: Individually evaluated for impairment | 6,031 | 8,751 |
Balance, end of period: Collectively evaluated for impairment | 760,845 | 765,286 |
Commercial | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total Financing Receivables | 294,000 | 300,338 |
Balance, end of period: Individually evaluated for impairment | 1,139 | 838 |
Balance, end of period: Collectively evaluated for impairment | 292,861 | 299,500 |
Real Estate Construction One-To- Four Family | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total Financing Receivables | 28,128 | 30,161 |
Balance, end of period: Individually evaluated for impairment | 353 | 353 |
Balance, end of period: Collectively evaluated for impairment | 27,775 | 29,808 |
Real Estate Construction Other | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total Financing Receivables | 35,895 | 32,599 |
Balance, end of period: Individually evaluated for impairment | 812 | 2,520 |
Balance, end of period: Collectively evaluated for impairment | 35,083 | 30,079 |
Real Estate Term Owner Occupied | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total Financing Receivables | 80,460 | 91,098 |
Balance, end of period: Individually evaluated for impairment | 1,654 | 1,668 |
Balance, end of period: Collectively evaluated for impairment | 78,806 | 89,430 |
Real Estate Term Non-Owner Occupied | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total Financing Receivables | 258,879 | 255,324 |
Balance, end of period: Individually evaluated for impairment | 1,594 | 1,741 |
Balance, end of period: Collectively evaluated for impairment | 257,285 | 253,583 |
Real Estate Term Other | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total Financing Receivables | 35,103 | 29,976 |
Balance, end of period: Individually evaluated for impairment | 154 | 1,292 |
Balance, end of period: Collectively evaluated for impairment | 34,949 | 28,684 |
Consumer Secured By 1st Deed Of Trust | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total Financing Receivables | 16,089 | 16,483 |
Balance, end of period: Individually evaluated for impairment | 269 | 274 |
Balance, end of period: Collectively evaluated for impairment | 15,820 | 16,209 |
Consumer Other | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total Financing Receivables | 18,322 | 18,058 |
Balance, end of period: Individually evaluated for impairment | 56 | 65 |
Balance, end of period: Collectively evaluated for impairment | $18,266 | $17,993 |
Allowance_For_Loan_Losses_Bala
Allowance For Loan Losses - Balance Of The Allowance Segregated By Segment And Class (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | $282 | ' | $659 | ' |
Collectively evaluated for impairment | 15,750 | ' | 15,982 | ' |
Total | 16,032 | 16,282 | 16,641 | 16,408 |
Asset Quality Rating - Pass | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 12,953 | 13,325 | ' | ' |
Asset Quality Rating - Special Mention | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 2 | ' | ' | ' |
Collectively evaluated for impairment | 580 | 586 | ' | ' |
Asset Quality Rating - Substandard | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 280 | 11 | ' | ' |
Collectively evaluated for impairment | 30 | 82 | ' | ' |
Unallocated | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 2,187 | 2,278 | ' | ' |
Commercial | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 277 | ' | 395 | ' |
Collectively evaluated for impairment | 5,380 | ' | 6,522 | ' |
Total | 5,657 | 5,779 | 6,917 | 6,308 |
Commercial | Asset Quality Rating - Pass | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 5,077 | 5,482 | ' | ' |
Commercial | Asset Quality Rating - Special Mention | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 2 | ' | ' | ' |
Collectively evaluated for impairment | 288 | 278 | ' | ' |
Commercial | Asset Quality Rating - Substandard | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 275 | 0 | ' | ' |
Collectively evaluated for impairment | 15 | 19 | ' | ' |
Commercial | Unallocated | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 0 | 0 | ' | ' |
Real Estate Construction One-To- Four Family | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | 242 | ' |
Collectively evaluated for impairment | 513 | ' | 484 | ' |
Total | 513 | 557 | 726 | 1,029 |
Real Estate Construction One-To- Four Family | Asset Quality Rating - Pass | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 513 | 527 | ' | ' |
Real Estate Construction One-To- Four Family | Asset Quality Rating - Special Mention | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | ' | ' |
Collectively evaluated for impairment | 0 | 30 | ' | ' |
Real Estate Construction One-To- Four Family | Asset Quality Rating - Substandard | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | 0 | ' | ' |
Collectively evaluated for impairment | 0 | 0 | ' | ' |
Real Estate Construction One-To- Four Family | Unallocated | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 0 | 0 | ' | ' |
Real Estate Construction Other | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | 0 | ' |
Collectively evaluated for impairment | 623 | ' | 571 | ' |
Total | 623 | 539 | 571 | 326 |
Real Estate Construction Other | Asset Quality Rating - Pass | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 623 | 537 | ' | ' |
Real Estate Construction Other | Asset Quality Rating - Special Mention | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | ' | ' |
Collectively evaluated for impairment | 0 | 2 | ' | ' |
Real Estate Construction Other | Asset Quality Rating - Substandard | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | 0 | ' | ' |
Collectively evaluated for impairment | 0 | 0 | ' | ' |
Real Estate Construction Other | Unallocated | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 0 | 0 | ' | ' |
Real Estate Term Owner Occupied | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | 0 | ' |
Collectively evaluated for impairment | 1,407 | ' | 1,434 | ' |
Total | 1,407 | 1,583 | 1,434 | 1,441 |
Real Estate Term Owner Occupied | Asset Quality Rating - Pass | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 1,206 | 1,381 | ' | ' |
Real Estate Term Owner Occupied | Asset Quality Rating - Special Mention | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | ' | ' |
Collectively evaluated for impairment | 201 | 202 | ' | ' |
Real Estate Term Owner Occupied | Asset Quality Rating - Substandard | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | 0 | ' | ' |
Collectively evaluated for impairment | 0 | 0 | ' | ' |
Real Estate Term Owner Occupied | Unallocated | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 0 | 0 | ' | ' |
Real Estate Term Non-Owner Occupied | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | 0 | ' |
Collectively evaluated for impairment | 4,293 | ' | 4,442 | ' |
Total | 4,293 | 4,297 | 4,442 | 4,065 |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Pass | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 4,255 | 4,225 | ' | ' |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Special Mention | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | ' | ' |
Collectively evaluated for impairment | 35 | 30 | ' | ' |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Substandard | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | 0 | ' | ' |
Collectively evaluated for impairment | 3 | 42 | ' | ' |
Real Estate Term Non-Owner Occupied | Unallocated | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 0 | 0 | ' | ' |
Real Estate Term Other | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | 0 | ' |
Collectively evaluated for impairment | 655 | ' | 655 | ' |
Total | 655 | 537 | 655 | 539 |
Real Estate Term Other | Asset Quality Rating - Pass | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 650 | 537 | ' | ' |
Real Estate Term Other | Asset Quality Rating - Special Mention | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | ' | ' |
Collectively evaluated for impairment | 5 | 0 | ' | ' |
Real Estate Term Other | Asset Quality Rating - Substandard | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | 0 | ' | ' |
Collectively evaluated for impairment | 0 | 0 | ' | ' |
Real Estate Term Other | Unallocated | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 0 | 0 | ' | ' |
Consumer Secured By 1st Deed Of Trust | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 5 | ' | 22 | ' |
Collectively evaluated for impairment | 308 | ' | 329 | ' |
Total | 313 | 322 | 351 | 344 |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Pass | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 261 | 274 | ' | ' |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Special Mention | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | ' | ' |
Collectively evaluated for impairment | 45 | 36 | ' | ' |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Substandard | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 5 | 11 | ' | ' |
Collectively evaluated for impairment | 2 | 1 | ' | ' |
Consumer Secured By 1st Deed Of Trust | Unallocated | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 0 | 0 | ' | ' |
Consumer Other | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | 0 | ' |
Collectively evaluated for impairment | 384 | ' | 402 | ' |
Total | 384 | 390 | 402 | 388 |
Consumer Other | Asset Quality Rating - Pass | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 368 | 362 | ' | ' |
Consumer Other | Asset Quality Rating - Special Mention | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | ' | ' |
Collectively evaluated for impairment | 6 | 8 | ' | ' |
Consumer Other | Asset Quality Rating - Substandard | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | 0 | ' | ' |
Collectively evaluated for impairment | 10 | 20 | ' | ' |
Consumer Other | Unallocated | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 0 | 0 | ' | ' |
Unallocated | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | 0 | ' |
Collectively evaluated for impairment | 2,187 | ' | 1,143 | ' |
Total | 2,187 | 2,278 | 1,143 | 1,968 |
Unallocated | Asset Quality Rating - Pass | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | 0 | 0 | ' | ' |
Unallocated | Asset Quality Rating - Special Mention | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | ' | ' |
Collectively evaluated for impairment | 0 | 0 | ' | ' |
Unallocated | Asset Quality Rating - Substandard | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | 0 | ' | ' |
Collectively evaluated for impairment | 0 | 0 | ' | ' |
Unallocated | Unallocated | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Collectively evaluated for impairment | $2,187 | $2,278 | ' | ' |
Purchased_Receivables_Narrativ
Purchased Receivables - Narrative (Details) (USD $) | 3 Months Ended | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | |
Segment | Purchased Receivable | Purchased Receivable | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Number Of Segments And Classes Of Purchased Receivables | 1 | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses, Write-downs | $329,000 | $14,000 | ' | $0 | $150,000 |
Financing Receivable, Recorded Investment, Past Due | 2,301,000 | ' | 2,872,000 | 0 | 0 |
Financing Receivable, Modifications, Recorded Investment | $4,800,000 | ' | $7,900,000 | $0 | $0 |
Purchased_Receivables_Summary_
Purchased Receivables - Summary of Components of Net Purchased Receivables (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |||
Purchased Receivables [Abstract] | ' | ' | ' |
Purchased receivables | $10,136 | $16,298 | ' |
Reserve for purchased receivable losses | -236 | -273 | -323 |
Total | $9,900 | $16,025 | ' |
Purchased_Receivables_Allowanc
Purchased Receivables - Allowance on Net Purchase Receivables (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 |
Purchased Receivable | Purchased Receivable | |||
Purchased Receivable Allowance for Loan Loss Reserve [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | $273 | $323 | ' | ' |
Charge-offs | 329 | 14 | 0 | 150 |
Recoveries | ' | ' | 0 | 0 |
Charge-offs net of recoveries | ' | ' | 0 | 150 |
Reserve of purchased receivables | ' | ' | -37 | 100 |
Balance at end of period | $236 | ' | ' | ' |
Deposits_Narrative_Details
Deposits - Narrative (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Deposits [Abstract] | ' | ' |
Deposits | $997,757,000 | $1,003,723,000 |
Certificates of deposit | 85,500,000 | 86,200,000 |
Time Deposit Maturities, Next Rolling Twelve Months | $56,000,000 | $55,400,000 |
Time Deposit Maturities, Next Rolling Twelve Months, Percent of Total Time Deposits | 65.00% | 64.00% |
Derivatives_Additional_Informa
Derivatives - Additional Information (Details) (USD $) | 3 Months Ended | ||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Derivatives, Value Shortfalls Threshold Triggering Additional Collateral Requirements | $250,000 | ' | ' |
Derivative, Notional Amount | 25,300,000 | ' | 25,800,000 |
Banking Fees and Commissions | 0 | 0 | ' |
Variable to Fixed | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Derivative, Notional Amount | 12,600,000 | ' | ' |
Derivative, Number of Instruments Held | 2 | ' | ' |
Fixed to Variable | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Derivative, Notional Amount | $12,600,000 | ' | ' |
Derivative, Number of Instruments Held | 2 | ' | ' |
Derivatives_Schedule_of_Deriva
Derivatives - Schedule of Derivative Instruments (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Derivatives, Fair Value [Line Items] | ' | ' |
Other liabilities (interest rate contracts) | $97 | $186 |
Other assets (interest rate contracts) | 97 | 186 |
Interest Rate Swap | Other Assets | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Other assets (interest rate contracts) | 97 | 186 |
Interest Rate Swap | Other Liabilities | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Other liabilities (interest rate contracts) | $97 | $186 |
Stock_Based_Compensation_Narra
Stock Based Compensation - Narrative (Details) (USD $) | 3 Months Ended | |||||||
Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2012 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | |
Stock Options And Restricted Stock Units | Stock Options And Restricted Stock Units | Stock Options | Stock Options | Restricted Stock Units | Restricted Stock Units | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Shares of authorized stock for stock incentive plan | 348,232 | ' | ' | ' | ' | ' | ' | ' |
Share based compensation options contractual term | ' | ' | ' | ' | '10 years | ' | ' | ' |
Stock incentive plan vesting period, years | ' | ' | ' | ' | '3 years | ' | '3 years | ' |
Stock-based compensation expense | $107,000 | $112,000 | ' | ' | $16,000 | $17,000 | $91,000 | $95,000 |
Proceeds from exercise of stock options | ' | ' | 0 | 48,000 | ' | ' | ' | ' |
Shares withheld for stock option exercises and related income taxes | ' | ' | $0 | $54,000 | ' | ' | ' | ' |
Options, Grants in Period | 0 | ' | ' | ' | ' | ' | ' | ' |
Equity Instruments Other than Options, Grants in Period | ' | ' | ' | ' | ' | ' | 0 | ' |
Fair_Value_Measurements_Schedu
Fair Value Measurements - Schedule Of Estimated Fair Values (Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | |
Duration of purchased receivables | '1 year | ' | |
Other assets (interest rate contracts) | $97 | $186 | |
Purchased receivables, net | 9,900 | 16,025 | |
Other liabilities (interest rate contracts) | 97 | 186 | |
Fair Value | ' | ' | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | |
Commitments to extend credit | 1,896 | 1,879 | |
Standby letters of credit | 65 | 65 | |
Carrying Amount | ' | ' | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | |
Commitments to extend credit | 189,612 | 187,931 | [1] |
Standby letters of credit | 6,464 | 6,463 | [1] |
Quoted Prices In Active Markets for Identical Assets (Level 1) | ' | ' | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | |
Other assets (interest rate contracts) | 0 | 0 | |
Other liabilities (interest rate contracts) | ' | ' | |
Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value | ' | ' | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | |
Cash, due from banks and deposits in other banks | 108,841 | 99,091 | |
Investment securities | 29,696 | 20,487 | |
Quoted Prices In Active Markets for Identical Assets (Level 1) | Carrying Amount | ' | ' | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | |
Cash, due from banks and deposits in other banks | 108,841 | 99,091 | |
Investment securities | 29,696 | 20,487 | |
Significant Other Observable Inputs (Level 2) | ' | ' | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | |
Other assets (interest rate contracts) | 97 | 186 | |
Other liabilities (interest rate contracts) | 97 | 186 | |
Significant Other Observable Inputs (Level 2) | Fair Value | ' | ' | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | |
Investment securities | 206,675 | 232,458 | |
Accrued interest receivable | 2,934 | 2,729 | |
Other assets (interest rate contracts) | 97 | 186 | |
Deposits | 997,829 | 1,003,816 | |
Securities sold under repurchase agreements | 19,886 | 21,143 | |
Borrowings | 2,246 | 6,448 | |
Accrued interest payable | 50 | 52 | |
Other liabilities (interest rate contracts) | 97 | 186 | |
Significant Other Observable Inputs (Level 2) | Carrying Amount | ' | ' | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | |
Investment securities | 206,546 | 232,305 | |
Accrued interest receivable | 2,934 | 2,729 | |
Other assets (interest rate contracts) | 97 | 186 | |
Deposits | 997,757 | 1,003,723 | |
Securities sold under repurchase agreements | 19,886 | 21,143 | |
Borrowings | 2,197 | 6,527 | |
Accrued interest payable | 50 | 52 | |
Other liabilities (interest rate contracts) | 97 | 186 | |
Significant Unobservable Inputs (Level 3) | ' | ' | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | |
Other assets (interest rate contracts) | 0 | 0 | |
Other liabilities (interest rate contracts) | ' | ' | |
Significant Unobservable Inputs (Level 3) | Fair Value | ' | ' | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | |
Loans and loans held for sale, net | 766,806 | 769,570 | |
Purchased receivables, net | 9,900 | 16,025 | |
Junior subordinated debentures | 15,932 | 15,456 | |
Significant Unobservable Inputs (Level 3) | Carrying Amount | ' | ' | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | |
Loans and loans held for sale, net | 761,361 | 765,035 | |
Purchased receivables, net | 9,900 | 16,025 | |
Junior subordinated debentures | $18,558 | $18,558 | |
[1] | Carrying amounts reflect the notional amount of credit exposure under these financial instruments. |
Fair_Value_Measurements_Schedu1
Fair Value Measurements - Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | $232,218 | $248,688 |
Other assets (interest rate contracts) | 97 | 186 |
Other liabilities (interest rate contracts) | 97 | 186 |
Quoted Prices In Active Markets for Identical Assets (Level 1) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 29,696 | 20,487 |
Other assets (interest rate contracts) | 0 | 0 |
Other liabilities (interest rate contracts) | ' | ' |
Significant Other Observable Inputs (Level 2) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 202,522 | 228,201 |
Other assets (interest rate contracts) | 97 | 186 |
Other liabilities (interest rate contracts) | 97 | 186 |
Significant Unobservable Inputs (Level 3) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Other assets (interest rate contracts) | 0 | 0 |
Other liabilities (interest rate contracts) | ' | ' |
U.S Treasury And Government Sponsored Entities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 159,731 | 168,702 |
U.S Treasury And Government Sponsored Entities | Quoted Prices In Active Markets for Identical Assets (Level 1) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 10,506 | 5,538 |
U.S Treasury And Government Sponsored Entities | Significant Other Observable Inputs (Level 2) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 149,225 | 163,164 |
U.S Treasury And Government Sponsored Entities | Significant Unobservable Inputs (Level 3) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Municipal Securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 19,671 | 20,149 |
Municipal Securities | Quoted Prices In Active Markets for Identical Assets (Level 1) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 419 |
Municipal Securities | Significant Other Observable Inputs (Level 2) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 19,671 | 19,730 |
Municipal Securities | Significant Unobservable Inputs (Level 3) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
U.S Agency Mortgage-Backed Securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 25 | 25 |
U.S Agency Mortgage-Backed Securities | Quoted Prices In Active Markets for Identical Assets (Level 1) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
U.S Agency Mortgage-Backed Securities | Significant Other Observable Inputs (Level 2) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 25 | 25 |
U.S Agency Mortgage-Backed Securities | Significant Unobservable Inputs (Level 3) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Corporate Bonds | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 49,670 | 56,778 |
Corporate Bonds | Quoted Prices In Active Markets for Identical Assets (Level 1) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 16,069 | 11,496 |
Corporate Bonds | Significant Other Observable Inputs (Level 2) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 33,601 | 45,282 |
Corporate Bonds | Significant Unobservable Inputs (Level 3) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Preferred Stock | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 3,121 | 3,034 |
Preferred Stock | Quoted Prices In Active Markets for Identical Assets (Level 1) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 3,121 | 3,034 |
Preferred Stock | Significant Other Observable Inputs (Level 2) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Preferred Stock | Significant Unobservable Inputs (Level 3) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | $0 | $0 |
Fair_Value_Measurements_Schedu2
Fair Value Measurements - Schedule Of Asset Impairment Or Valuation Adjustment Recognized At Fair Value On A Nonrecurring Basis (Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Nonrecurring assets | $807 | ' | $1,459 |
Nonrecurring asset, (gain) loss | -271 | 0 | ' |
Quoted Prices In Active Markets for Identical Assets (Level 1) | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Nonrecurring assets | 0 | ' | 0 |
Significant Other Observable Inputs (Level 2) | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Nonrecurring assets | 0 | ' | 770 |
Significant Unobservable Inputs (Level 3) | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Nonrecurring assets | 807 | ' | 689 |
Loans Measured For Impairment | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Nonrecurring assets | 807 | ' | 1,459 |
Nonrecurring asset, (gain) loss | -271 | 0 | ' |
Loans Measured For Impairment | Quoted Prices In Active Markets for Identical Assets (Level 1) | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Nonrecurring assets | 0 | ' | 0 |
Loans Measured For Impairment | Significant Other Observable Inputs (Level 2) | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Nonrecurring assets | 0 | ' | 770 |
Loans Measured For Impairment | Significant Unobservable Inputs (Level 3) | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Nonrecurring assets | $807 | ' | $689 |
Subsequent_Event_Narrative_Det
Subsequent Event - Narrative (Details) (Alaska Pacific Bank, Subsequent Event, USD $) | 0 Months Ended |
Apr. 02, 2014 | |
Alaska Pacific Bank | Subsequent Event | ' |
Subsequent Event [Line Items] | ' |
Stock Issued During Period, Shares, Acquisitions | 290,212 |
Shares Issued, Weighted Average Price Per Share, Acquisition | $25.66 |
Business Acquisition, Share Price | $17.57 |
Business Combination, Consideration Transferred | $13,900,000 |
Payments to Acquire Businesses, Gross | 6,400,000 |
Business Combination, Bargain Purchase, Gain Recognized, Amount | 300,000 |
Finite-Lived Core Deposits, Gross | $623,000 |
Finite-Lived Intangible Assets, Core Deposit Core, Percentage of Total | 0.50% |