Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Nov. 05, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-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 | 'Q3 | ' |
Entity Common Stock, Shares Outstanding | ' | 6,834,101 |
Trading Symbol | 'NRIM | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $44,312 | $33,112 |
Interest bearing deposits in other banks | 85,029 | 65,979 |
Investment securities available for sale | 237,562 | 248,688 |
Investment securities held to maturity | 2,202 | 2,208 |
Total portfolio investments | 239,764 | 250,896 |
Investment in Federal Home Loan Bank stock | 3,440 | 1,896 |
Loans held for sale | 10,325 | 11,301 |
Loans | 936,659 | 770,016 |
Allowance for loan losses | -16,243 | -16,282 |
Net loans | 930,741 | 765,035 |
Purchased receivables, net | 14,328 | 16,025 |
Accrued interest receivable | 3,483 | 2,729 |
Other real estate owned, net | 4,732 | 2,402 |
Premises and equipment, net | 34,720 | 28,324 |
Goodwill and intangible assets, net | 8,349 | 7,942 |
Other assets | 51,767 | 40,666 |
Total assets | 1,420,665 | 1,215,006 |
LIABILITIES | ' | ' |
Demand | 438,805 | 363,969 |
Interest-bearing demand | 176,030 | 143,703 |
Savings | 119,002 | 94,518 |
Alaska CDs | 112,667 | 112,702 |
Money market | 237,235 | 202,606 |
Certificates of deposit less than $100,000 | 49,358 | 35,432 |
Certificates of deposit greater than $100,000 | 59,270 | 50,793 |
Total deposits | 1,192,367 | 1,003,723 |
Securities sold under repurchase agreements | 19,931 | 21,143 |
Borrowings | 2,175 | 6,527 |
Junior subordinated debentures | 18,558 | 18,558 |
Other liabilities | 28,363 | 20,737 |
Total liabilities | 1,261,394 | 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, 6,834,101 and 6,537,652 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively | 6,834 | 6,538 |
Additional paid-in capital | 61,573 | 54,089 |
Retained earnings | 90,063 | 82,855 |
Accumulated other comprehensive income | 646 | 669 |
Total Northrim BanCorp shareholders' equity | 159,116 | 144,151 |
Noncontrolling interest | 155 | 167 |
Total shareholders' equity | 159,271 | 144,318 |
Total liabilities and shareholders' equity | $1,420,665 | $1,215,006 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 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 | 6,834,101 | 6,537,652 |
Common stock, shares outstanding | 6,834,101 | 6,537,652 |
Consolidated_Statements_Of_Inc
Consolidated Statements Of Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Interest Income | ' | ' | ' | ' |
Interest and fees on loans | $13,437 | $10,803 | $37,390 | $31,879 |
Interest on investment securities available for sale | 696 | 635 | 2,176 | 1,924 |
Interest on investment securities held to maturity | 24 | 29 | 69 | 88 |
Interest on deposits in other banks | 55 | 57 | 145 | 165 |
Total Interest Income | 14,212 | 11,524 | 39,780 | 34,056 |
Interest Expense | ' | ' | ' | ' |
Interest expense on deposits, borrowings and junior subordinated debentures | 487 | 502 | 1,411 | 1,543 |
Net Interest Income | 13,725 | 11,022 | 38,369 | 32,513 |
Provision (Benefit) for loan losses | 0 | -785 | -1,136 | -635 |
Net Interest Income After Provision (Benefit) for Loan Losses | 13,725 | 11,807 | 39,505 | 33,148 |
Other Operating Income | ' | ' | ' | ' |
Gain on sale of premises and equipment | 1,115 | 0 | 1,115 | 0 |
Employee benefit plan income | 899 | 541 | 2,653 | 1,742 |
Service charges on deposit accounts | 599 | 549 | 1,682 | 1,613 |
Electronic banking income | 590 | 567 | 1,694 | 1,607 |
Purchased receivable income | 582 | 757 | 1,547 | 2,227 |
Equity in earnings from RML | 384 | 336 | 608 | 1,116 |
Gain on sale of securities, net | 15 | 0 | 461 | 318 |
Other income | 750 | 493 | 2,014 | 1,461 |
Total Other Operating Income | 4,934 | 3,243 | 11,774 | 10,084 |
Other Operating Expense | ' | ' | ' | ' |
Salaries and other personnel expense | 7,107 | 6,108 | 19,866 | 17,429 |
Merger and acquisition expense | 1,031 | 158 | 1,736 | 160 |
Occupancy expense | 1,041 | 851 | 3,030 | 2,597 |
Marketing expense | 417 | 473 | 1,425 | 1,365 |
Equipment expense | 405 | 321 | 1,062 | 900 |
Software expense | 383 | 257 | 997 | 789 |
Amortization of low income housing tax investments | 331 | 240 | 1,003 | 732 |
Insurance expense | 319 | 205 | 788 | 610 |
Professional and outside services | 323 | 321 | 947 | 977 |
Internet banking expense | 264 | 207 | 677 | 580 |
Reserve for (recovery from) purchased receivables | 241 | 0 | 447 | -31 |
Intangible asset amortization expense | 81 | 58 | 214 | 175 |
OREO (income) expense, net rental income and gains on sale | -68 | -18 | -315 | -12 |
Other operating expense | 1,235 | 895 | 3,494 | 2,893 |
Total Other Operating Expense | 13,110 | 10,076 | 35,371 | 29,164 |
Income Before Provision for Income Taxes | 5,549 | 4,974 | 15,908 | 14,068 |
Provision for income taxes | 1,651 | 1,510 | 4,845 | 4,235 |
Net Income | 3,898 | 3,464 | 11,063 | 9,833 |
Less: Net income (loss) attributable to the noncontrolling interest | 191 | -10 | 329 | 189 |
Net Income Attributable to Northrim BanCorp | $3,707 | $3,474 | $10,734 | $9,644 |
Earnings Per Share, Basic (USD per share) | $0.54 | $0.53 | $1.59 | $1.48 |
Earnings Per Share, Diluted (USD per share) | $0.53 | $0.53 | $1.57 | $1.46 |
Weighted Average Shares Outstanding, Basic (shares) | 6,831,976 | 6,515,455 | 6,733,175 | 6,514,441 |
Weighted Average Shares Outstanding, Diluted (shares) | 6,919,993 | 6,607,201 | 6,822,288 | 6,594,482 |
Consolidated_Statements_Of_Com
Consolidated Statements Of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income | $3,898 | $3,464 | $11,063 | $9,833 |
Other comprehensive income, net of tax: | ' | ' | ' | ' |
Unrealized gains (loss) arising during the period | -307 | 156 | 400 | -763 |
Reclassification of net gains included in net income (net of tax expense $6 and $0 for the third quarter of 2014 and 2013, respectively and $190 and $131 for the first nine months of 2014 and 2013, respectively) | -9 | 0 | -271 | -187 |
Income tax expense (benefit) related to unrealized gains | 108 | -46 | -152 | 331 |
Other comprehensive income (loss) | -208 | 110 | -23 | -619 |
Comprehensive income | 3,690 | 3,574 | 11,040 | 9,214 |
Less: comprehensive income (loss) attributable to the noncontrolling interest | 191 | -10 | 329 | 189 |
Comprehensive income attributable to Northrim BanCorp | $3,499 | $3,584 | $10,711 | $9,025 |
Consolidated_Statements_Of_Com1
Consolidated Statements Of Comprehensive Income (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Reclassification of Net Gains | $6 | $0 | $190 | $131 |
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, unless otherwise specified | ||||||
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 | ' | 6,512,000 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Cash dividend declared | -4,212 | ' | ' | -4,212 | ' | ' |
Stock based compensation expense | 506 | ' | 506 | ' | ' | ' |
Exercise of stock options, shares | ' | 26,000 | ' | ' | ' | ' |
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 (loss) 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 | 6,538,000 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Acquisition adjustment, shares | ' | 290,000 | ' | ' | ' | ' |
Acquisition adjustment, value | 7,446 | 290 | 7,156 | ' | ' | ' |
Cash dividend declared | -3,526 | ' | ' | -3,526 | ' | ' |
Stock based compensation expense | 254 | ' | 254 | ' | ' | ' |
Exercise of stock options, shares | ' | 6,000 | ' | ' | ' | ' |
Exercise of stock options | 75 | 6 | 69 | ' | ' | ' |
Excess tax benefits from share-based payment arrangements | 5 | ' | 5 | ' | ' | ' |
Distributions to noncontrolling interest | -341 | ' | ' | ' | ' | -341 |
Change in unrealized holding (loss) on available for sale securities, net of tax | -23 | ' | ' | ' | -23 | ' |
Net income attributable to the noncontrolling interest | 329 | ' | ' | ' | ' | 329 |
Net income attributable to Northrim BanCorp | 10,734 | ' | ' | 10,734 | ' | ' |
Ending balance, value at Sep. 30, 2014 | $159,271 | $6,834 | $61,573 | $90,063 | $646 | $155 |
Ending balance, shares at Sep. 30, 2014 | 6,834,101 | 6,834,000 | ' | ' | ' | ' |
Consolidated_Statement_Of_Cash
Consolidated Statement Of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Operating Activities: | ' | ' |
Net income | $11,063 | $9,833 |
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: | ' | ' |
Gain on sale of securities, net | -461 | -318 |
Gain on sale of premises and equipment | -1,115 | 0 |
Depreciation and amortization of premises and equipment | 1,355 | 1,336 |
Amortization of software | 136 | 137 |
Intangible asset amortization | 214 | 175 |
Amortization of investment security premium, net of discount accretion | -126 | 34 |
Deferred tax liability | -1,503 | -306 |
Stock-based compensation | 254 | 391 |
Excess tax benefits from share-based payment arrangements | -5 | -31 |
Deferral of loan fees and costs, net | 627 | 377 |
Provision (benefit) for loan losses | -1,136 | -635 |
Reserve for (recovery from) purchased receivables | 447 | -31 |
Purchases of loans held for sale | -117,225 | -125,497 |
Proceeds from the sale of loans held for sale | 118,201 | 123,301 |
Gain on sale of other real estate owned | -470 | -190 |
Impairment on other real estate owned | 45 | 70 |
Equity in undistributed earnings from mortgage affiliate | -239 | 76 |
Net changes in assets and liabilities: | ' | ' |
(Increase) in accrued interest receivable | -754 | -144 |
Decrease in other assets | 1,685 | 514 |
Increase (decrease) in other liabilities | -2,606 | 1,352 |
Net Cash (Used) Provided by Operating Activities | 8,387 | 10,444 |
Investing Activities: | ' | ' |
Purchases of investment securities available for sale | -156,014 | -94,679 |
Proceeds from sales/maturities of securities available for sale | 173,239 | 59,316 |
Purchases of domestic certificates of deposit | -3,500 | -13,500 |
Proceeds from maturities of domestic certificates of deposit | 13,500 | 13,500 |
Proceeds from redemption of FHLB stock | 129 | 53 |
Alaska Pacific acquisition, net of cash received | 6,367 | 0 |
Decrease in purchased receivables, net | 1,250 | 5,252 |
(Increase) decrease in loans, net | -28,899 | -50,129 |
Proceeds from sale of other real estate owned | 1,828 | 1,307 |
(Increase) decrease in loan to Elliott Cove, net | 189 | -17 |
Purchases of premises and equipment | -4,104 | -1,622 |
Net Cash Provided (Used) by Investing Activities | 3,985 | -80,519 |
Financing Activities: | ' | ' |
(Decrease) increase in deposits | 37,206 | -1,900 |
(Decrease) increase in securities sold under repurchase agreements | -1,212 | 3,977 |
(Decrease) increase in borrowings | -4,352 | 2,099 |
Distributions to noncontrolling interest | -341 | -288 |
Proceeds from the issuance of common stock | 75 | 0 |
Excess tax benefits from share-based payment arrangements | 5 | 31 |
Cash dividends paid | -3,503 | -3,062 |
Net Cash (Used) Provided by Financing Activities | 27,878 | 857 |
Net (Decrease) increase in Cash and Cash Equivalents | 40,250 | -69,218 |
Cash and Cash Equivalents at Beginning of Period | 85,591 | 141,313 |
Cash and Cash Equivalents at End of Period | 125,841 | 72,095 |
Supplemental Information: | ' | ' |
Income taxes paid | 3,627 | 3,547 |
Interest paid | 1,408 | 1,538 |
Noncash commitments to invest in Low Income Housing Tax Credit Partnerships | 8,518 | 0 |
Transfer of loans to other real estate owned | 1,158 | 365 |
Transfer of premises to other real estate owned | 904 | 0 |
Cash dividends declared but not paid | 23 | 31 |
Assets acquired | 167,199 | 0 |
Liabilities assumed | $153,172 | $0 |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 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 September 30, 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. |
Significant_Accounting_Policie
Significant Accounting Policies and Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies and Recent Accounting Pronouncements | ' |
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. | |
The Company acquired Alaska Pacific Bancshares, Inc. ("Alaska Pacific") on April 1, 2014. The following accounting policies augment the disclosures included in the Company's Annual Report on Form 10-K for the year ended December 31, 2013 for new items in the Company's financial statements as a result of the acquisition: | |
Acquired Loans: Loans are recorded at their fair value at the acquisition date. Credit discounts are included in the determination of fair value; therefore, an allowance for loan losses is not recorded at the acquisition date. Purchased loans are evaluated upon acquisition and classified as either purchased impaired or purchased non-impaired. Purchased impaired loans reflect credit deterioration since origination such that it is probable at acquisition that the Company will be unable to collect all contractually required payments. | |
Purchased impaired loans were individually evaluated for credit impairment at acquisition using expected future cash flows or the estimated value of underlying collateral. A purchased impaired loan will be removed from impaired loans only if the loan is sold, foreclosed, or assets are received in full satisfaction of the loan, and it will be removed from impaired loans at its carrying value. If an individual loan is removed, the difference between its relative carrying amount and its cash, fair value of the collateral, or other assets received will be recognized in other income immediately as a gain and would not affect the effective yield used to recognize the accretable yield on impaired loans. | |
The excess of the undiscounted contractual balances due over the cash flows expected to be collected is considered to be the nonaccretable difference. The nonaccretable difference represents our estimate of the credit losses expected to occur and was considered in determining the fair value of the purchased impaired loans as of the acquisition date. Subsequent to the acquisition date, any increases in expected cash flows over those expected at purchase date in excess of fair value are adjusted through an increase to the accretable yield on a prospective basis. The purchased impaired loans are and will continue to be subject to the Company’s internal and external credit review and monitoring. If credit deterioration is experienced subsequent to the initial acquisition fair value amount, such deterioration will be measured, and a charge off will be recorded. | |
For purchased non-impaired loans, the difference between the fair value and unpaid principal balance of the loan at the acquisition date is amortized or accreted to interest income over the estimated life of the loans. | |
Mortgage Servicing Rights: The Company purchased mortgage servicing rights, ("MSR") in conjunction with the acquisition of Alaska Pacific. MSRs are the rights to service mortgage loans for others. The Company initially records all of our MSRs at fair value. Subsequently, MSRs are carried at fair value. The Company uses a model derived valuation methodology to estimate the fair value of MSRs. The model pools loans into buckets of homogeneous characteristics and performs a present value analysis of the future cash flows. The buckets are created by individual loan characteristics such as note rate, product type, and the remittance schedule. Current market rates are utilized for discounting the future cash flows. Significant assumptions used in the valuation of MSR include discount rates, projected prepayment speeds, escrow calculations, ancillary income, delinquencies and option adjusted spreads. Changes in the fair value of MSRs occur primarily due to the collection/realization of expected cash flows, as well as changes in valuation inputs and assumptions. Changes in the fair value of MSRs are reported in noninterest income in the period in which the change occurs. The amortization of MSRs is reported in noninterest income. | |
Recent Accounting Pronouncements: | |
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. | |
In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). The amendments to the Codification in ASU 2014-09 change the core principal for recognizing revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve the core principal, an entity should apply the following steps: 1) identify the contract(s) with a customer, 2) identify the performance obligations in the contract, 3) determine the transaction price, 4) allocate the transaction price to the performance obligations in the contract, and 5) recognize revenue when (or as) the entity satisfies a performance obligation. The guidance also specifies the accounting for some costs to obtain or fulfill a contract with a customer. An entity is required to disclose sufficient information to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. This ASU is effective for the Company’s financial statements for annual and interim periods beginning on or after December 15, 2016, 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. | |
In June 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-11, Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures (“ASU 2014-11”). The amendments to the Codification in ASU 2014-11 require two accounting changes. First, the amendments change the accounting for repurchase-to maturity transactions to secured borrowing accounting. Second, for repurchase financing agreements, the amendments require separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. 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. | |
In August 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-14, Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure (“ASU 2014-14”). The amendments to the Codification in ASU 2014-14 require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met: 1) the loan has a government guarantee that is not separable from the loan before foreclosure, 2) at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim, and 3) at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed. Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. 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. |
Business_Combinations
Business Combinations | 9 Months Ended | ||||||||||||||
Sep. 30, 2014 | |||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||
Business Combinations | ' | ||||||||||||||
Business Combinations | |||||||||||||||
On April 1, 2014, the Company completed the acquisition of 100% of of the outstanding shares of Alaska Pacific for a total purchase price of $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 assets acquired and liabilities assumed have been accounted for under the acquisition method of accounting and were recorded at their estimated fair values as of the April 1, 2014 acquisition date. Estimated fair values recorded in the transaction are subject to change for up to one year after the closing date of the acquisition. The primary reason for the acquisition was to expand the Company's geographic footprint in Alaska. | |||||||||||||||
The application of the acquisition method of accounting resulted in the recognition of a bargain purchase gain of $168,000 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 and is included in Other Income in the Consolidated Statements of Net Income in this Form 10-Q. 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. 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. The bargain purchase gain increased from April 1, 2014 to September 30, 2014, due to an adjustment to the fair value of accrued liabilities acquired. | |||||||||||||||
A summary of the net assets acquired and the estimated fair value adjustments of Alaska Pacific are presented below: | |||||||||||||||
Alaska Pacific | |||||||||||||||
(In Thousands) | April 1, 2014 | ||||||||||||||
Cost basis net assets | $14,733 | ||||||||||||||
Cash payment made | (6,423 | ) | |||||||||||||
Common stock issued | (7,446 | ) | |||||||||||||
Fair value adjustments: | |||||||||||||||
Net loans | (1,137 | ) | |||||||||||||
Premises and equipment | 547 | ||||||||||||||
Other intangible assets | 623 | ||||||||||||||
Mortgage servicing rights | (119 | ) | |||||||||||||
Deposits | (844 | ) | |||||||||||||
Other | 234 | ||||||||||||||
Bargain purchase gain | $168 | ||||||||||||||
A summary of assets acquired and liabilities assumed at their estimated fair values are presented below: | |||||||||||||||
Alaska Pacific | |||||||||||||||
(In Thousands) | April 1, 2014 | ||||||||||||||
Assets Acquired: | |||||||||||||||
Cash and equivalents | $12,956 | ||||||||||||||
Investment securities | 7,240 | ||||||||||||||
Net loans | 138,432 | ||||||||||||||
Premises and equipment | 3,436 | ||||||||||||||
Other intangibles | 623 | ||||||||||||||
Mortgage servicing rights | 1,170 | ||||||||||||||
Other real estate owned | 1,709 | ||||||||||||||
Other assets | 1,643 | ||||||||||||||
Total assets acquired | $167,209 | ||||||||||||||
Liabilities Assumed: | |||||||||||||||
Deposits | $151,438 | ||||||||||||||
Other liabilities | 1,734 | ||||||||||||||
Total liabilities assumed | $153,172 | ||||||||||||||
Alaska Pacific purchased loans not subject to the requirements of FASB ASC 310-30 Loans and Debt Securities Acquired with Deteriorated Credit Quality ("ASC 310-30") are presented below at acquisition: | |||||||||||||||
(In Thousands) | April 1, 2014 | ||||||||||||||
Contractually required principal payments | $133,921 | ||||||||||||||
Purchase adjustment for credit, interest rate, and liquidity | 612 | ||||||||||||||
Fair value of purchased non-credit impaired loans | $134,533 | ||||||||||||||
Alaska Pacific purchased loans subject to the requirements of FASB ASC 310-30 Loans and Debt Securities Acquired with Deteriorated Credit Quality. The Company identified eighteen purchased credit impaired loans as of April 1, 2014. This group of loans consists primarily of commercial and commercial real estate loans, and unlike a pool of consumer mortgages, it is not practicable for the Company to analyze the accretable yield of these loans. As such, the Company has elected the cost recovery method of income recognition for these loans, and thus no accretable difference has been identified for these loans. | |||||||||||||||
Purchased credit impaired loans at acquisition are presented below: | |||||||||||||||
(In Thousands) | April 1, 2014 | ||||||||||||||
Contractually required principal payments | $7,553 | ||||||||||||||
Nonaccretable difference | (3,654 | ) | |||||||||||||
Fair value of purchased credit impaired loans | $3,899 | ||||||||||||||
The acquisition of Alaska Pacific is not considered significant to the Company’s financial statements. The operations of Alaska Pacific are included in our operating results from April 1, 2014, and added revenue of $4.4 million, non-interest expense of $2.7 million, and net income of $1.8 million, before taxes, for the quarter ended September 30, 2014. Alaska Pacific’s results of operations prior to the acquisition are not included in our operating results. Additionally, merger-related costs of $1.3 million for the nine months ended September 30, 2014 have been incurred and expensed in connection with the acquisition of Alaska Pacific and recognized within the merger and acquisition expense on the Consolidated Statements of Income. | |||||||||||||||
The following table presents unaudited pro forma results of operations for the nine month periods ended September 30, 2014 and 2013 as if the acquisition of Alaska Pacific had occurred on January 1, 2013. The proforma results have been prepared for comparative purposes only and are not necessarily indicative of the results that would have been obtained had the acquisition actually occurred on January 1, 2013. | |||||||||||||||
(In Thousands, except earnings per share data) | September 30, 2014 | ||||||||||||||
Pro Forma | Pro Forma | ||||||||||||||
Company | Alaska Pacific1 | Adjustments | Combined | ||||||||||||
Net interest and other income | $50,143 | $2,095 | $— | 2 | $52,238 | ||||||||||
Net income attributable to Northrim BanCorp, Inc. | 10,734 | (1,282 | ) | (181 | ) | 3 | 9,271 | ||||||||
Earnings Per Share, Basic | $1.59 | $1.38 | |||||||||||||
Earnings Per Share, Diluted | $1.57 | $1.36 | |||||||||||||
Weighted Average Shares Outstanding, Basic | 6,733,175 | 6,733,175 | |||||||||||||
Weighted Average Shares Outstanding, Diluted | 6,822,288 | 6,822,288 | |||||||||||||
(In Thousands, except earnings per share data) | September 30, 2013 | ||||||||||||||
Pro Forma | Pro Forma | ||||||||||||||
Company | Alaska Pacific1 | Adjustments | Combined | ||||||||||||
Net interest and other income | $42,597 | $7,468 | ($28 | ) | 2 | $50,037 | |||||||||
Net income attributable to Northrim BanCorp, Inc. | 9,644 | 281 | 101 | 3 | 10,026 | ||||||||||
Earnings Per Share, Basic | $1.48 | $1.54 | |||||||||||||
Earnings Per Share, Diluted | $1.46 | $1.52 | |||||||||||||
Weighted Average Shares Outstanding, Basic | 6,514,441 | 6,514,441 | |||||||||||||
Weighted Average Shares Outstanding, Diluted | 6,594,482 | 6,594,482 | |||||||||||||
1 Alaska Pacific represents results from January 1 to March 31 for 2014 and represents results from January 1 to September 30 for 2013. | |||||||||||||||
2 Amount of amortization/ accretion of the fair value adjustments on loans and certificates of deposit. | |||||||||||||||
3 Amount of amortization/accretion of the fair value adjustments on loans and certificates of deposit, bargain purchase gain, amortization of cored deposit intangible, and the change in the provision for income taxes. |
Cash_and_Cash_Equivalents
Cash and Cash Equivalents | 9 Months Ended |
Sep. 30, 2014 | |
Cash and Due from Banks [Abstract] | ' |
Cash and Cash Equivalents | ' |
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 September 30, 2014, the Company had one certificate of deposit totaling $3.5 million in another bank with original maturity 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 | 9 Months Ended | ||||||||||||||||||
Sep. 30, 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 | |||||||||||||||
September 30, 2014 | |||||||||||||||||||
Securities available for sale | |||||||||||||||||||
U.S. Treasury and government sponsored entities | $178,773 | $94 | $165 | $178,702 | |||||||||||||||
Municipal securities | 14,893 | 333 | 3 | 15,223 | |||||||||||||||
U.S. Agency mortgage-backed securities | 1,094 | 8 | 8 | 1,094 | |||||||||||||||
Corporate bonds | 38,745 | 656 | — | 39,401 | |||||||||||||||
Preferred stock | 2,999 | 143 | — | 3,142 | |||||||||||||||
Total securities available for sale | $236,504 | $1,234 | $176 | $237,562 | |||||||||||||||
Securities held to maturity | |||||||||||||||||||
Municipal securities | $2,202 | $125 | $— | $2,327 | |||||||||||||||
Total securities held to maturity | $2,202 | $125 | $— | $2,327 | |||||||||||||||
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 September 30, 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 | |||||||||||||
September 30, 2014: | |||||||||||||||||||
Securities Available for Sale | |||||||||||||||||||
U.S. Treasury and government sponsored entities | $110,947 | $165 | $— | $— | $110,947 | $165 | |||||||||||||
U.S. Agency mortgage-backed securities | 390 | 8 | — | — | 390 | 8 | |||||||||||||
Municipal Securities | 323 | 3 | — | — | 323 | 3 | |||||||||||||
Total | $111,660 | $176 | $— | $— | $111,660 | $176 | |||||||||||||
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 twenty-one and twenty-six available-for-sale securities with unrealized losses as of September 30, 2014 and December 31, 2013, respectively, that have been in a loss position for less than twelve months. There were no securities as of September 30, 2014 and 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 September 30, 2014, $53.4 million in securities, or 22%, 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 September 30, 2014 and December 31, 2013. | |||||||||||||||||||
The amortized cost and fair values of debt securities at September 30, 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 | $178,294 | $178,219 | 1.07 | % | |||||||||||||||
5-10 years | 479 | 483 | 2.27 | % | |||||||||||||||
Total | $178,773 | $178,702 | 1.07 | % | |||||||||||||||
U.S. Agency mortgage-backed securities | |||||||||||||||||||
Within 1 year | $245 | $240 | 1.85 | % | |||||||||||||||
1-5 years | 81 | 84 | 2.4 | % | |||||||||||||||
5-10 years | 328 | 328 | 3.43 | % | |||||||||||||||
Over 10 years | 440 | 442 | 3.64 | % | |||||||||||||||
Total | $1,094 | $1,094 | 3.08 | % | |||||||||||||||
Corporate bonds | |||||||||||||||||||
Within 1 year | $736 | $741 | 0.87 | % | |||||||||||||||
1-5 years | 36,009 | 36,641 | 1.46 | % | |||||||||||||||
5-10 years | 2,000 | 2,019 | 1.04 | % | |||||||||||||||
Total | $38,745 | $39,401 | 1.42 | % | |||||||||||||||
Preferred stock | |||||||||||||||||||
Over 10 years | $2,999 | $3,142 | 5.61 | % | |||||||||||||||
Total | $2,999 | $3,142 | 5.61 | % | |||||||||||||||
Municipal securities | |||||||||||||||||||
Within 1 year | $6,571 | $6,583 | 0.88 | % | |||||||||||||||
1-5 years | 4,311 | 4,445 | 3.05 | % | |||||||||||||||
5-10 years | 6,213 | 6,522 | 4.43 | % | |||||||||||||||
Total | $17,095 | $17,550 | 2.72 | % | |||||||||||||||
The proceeds and resulting gains and losses, computed using specific identification, from sales of investment securities for the three months ending September 30, 2014 and 2013 respectively, are as follows: | |||||||||||||||||||
(In Thousands) | Proceeds | Gross Gains | Gross Losses | ||||||||||||||||
2014 | |||||||||||||||||||
Available for sale securities | $24,102 | $465 | $4 | ||||||||||||||||
2013 | |||||||||||||||||||
Available for sale securities | $22,013 | $318 | $— | ||||||||||||||||
A summary of interest income for the nine months ending September 30, 2014 and 2013 on available for sale investment securities is as follows: | |||||||||||||||||||
(In Thousands) | 2014 | 2013 | |||||||||||||||||
US Treasury and government sponsored entities | $1,186 | $638 | |||||||||||||||||
U.S. Agency mortgage-backed securities | 17 | 1 | |||||||||||||||||
Other | 671 | 856 | |||||||||||||||||
Total taxable interest income | $1,874 | $1,495 | |||||||||||||||||
Municipal securities | $302 | $429 | |||||||||||||||||
Total tax-exempt interest income | $302 | $429 | |||||||||||||||||
Total | $2,176 | $1,924 | |||||||||||||||||
Loans_Held_for_Sale
Loans Held for Sale | 9 Months Ended |
Sep. 30, 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 $117.2 million and sold $118.2 million in loans during the nine-month period ending September 30, 2014. The Company purchased $125.5 million and sold $123.3 million in loans during the nine-month period ending September 30, 2013. |
Loans
Loans | 9 Months Ended | |||||||||||||||||||||||||||||||||||
Sep. 30, 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 | |||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
AQR Pass | $311,714 | $40,144 | $65,212 | $111,148 | $276,870 | $51,087 | $31,511 | $33,206 | $920,892 | |||||||||||||||||||||||||||
AQR Special Mention | 3,889 | — | 788 | 6,174 | 3,432 | 582 | 405 | 42 | 15,312 | |||||||||||||||||||||||||||
AQR Substandard | 1,712 | 191 | — | 1,240 | 1,137 | 151 | 622 | 50 | 5,103 | |||||||||||||||||||||||||||
AQR Doubtful | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
AQR Loss | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Subtotal | $317,315 | $40,335 | $66,000 | $118,562 | $281,439 | $51,820 | $32,538 | $33,298 | $941,307 | |||||||||||||||||||||||||||
Less: Unearned origination fees, net of origination costs | (4,648 | ) | ||||||||||||||||||||||||||||||||||
Total loans | $936,659 | |||||||||||||||||||||||||||||||||||
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 $2.8 million and $1.8 million at September 30, 2014 and December 31, 2013, respectively. Nonaccrual loans at the periods indicated, by segment, are presented below: | ||||||||||||||||||||||||||||||||||||
(In Thousands) | September 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||||||
Commercial | $379 | $222 | ||||||||||||||||||||||||||||||||||
Real estate construction one-to-four family | 191 | — | ||||||||||||||||||||||||||||||||||
Real estate construction other | — | — | ||||||||||||||||||||||||||||||||||
Real estate term owner occupied | 370 | — | ||||||||||||||||||||||||||||||||||
Real estate term non-owner occupied | 1,137 | 151 | ||||||||||||||||||||||||||||||||||
Real estate term other | — | 1,136 | ||||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust | 623 | 187 | ||||||||||||||||||||||||||||||||||
Consumer other | 50 | 119 | ||||||||||||||||||||||||||||||||||
Total | $2,750 | $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 | ||||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
AQR Pass | $731 | $190 | $— | $— | $921 | $919,971 | $920,892 | |||||||||||||||||||||||||||||
AQR Special Mention | 180 | — | — | — | 180 | 15,132 | 15,312 | |||||||||||||||||||||||||||||
AQR Substandard | — | — | 11 | 2,750 | 2,761 | 2,342 | 5,103 | |||||||||||||||||||||||||||||
AQR Doubtful | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
AQR Loss | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Subtotal | $911 | $190 | $11 | $2,750 | $3,862 | $937,445 | $941,307 | |||||||||||||||||||||||||||||
Less: Unearned origination fees, net of origination costs | (4,648 | ) | ||||||||||||||||||||||||||||||||||
Total | $936,659 | |||||||||||||||||||||||||||||||||||
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 September 30, 2014 and December 31, 2013, the recorded investment in loans that are considered to be impaired was $10.6 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 | |||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
With no related allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial - AQR pass | $54 | $54 | $— | |||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 355 | 355 | — | |||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 1,629 | 1,773 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR pass | 504 | 504 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR special mention | 275 | 275 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR substandard | 1,201 | 1,201 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR pass | 568 | 568 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR special mention | 3,074 | 3,074 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR substandard | 1,095 | 1,095 | — | |||||||||||||||||||||||||||||||||
Real estate term other - AQR special mention | 788 | 788 | — | |||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 342 | 342 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 84 | 84 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 457 | 470 | — | |||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | — | — | — | |||||||||||||||||||||||||||||||||
Subtotal | $10,426 | $10,583 | $— | |||||||||||||||||||||||||||||||||
With an allowance recorded | ||||||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | $165 | $171 | $8 | |||||||||||||||||||||||||||||||||
Subtotal | $165 | $171 | $8 | |||||||||||||||||||||||||||||||||
Commercial - AQR pass | $54 | $54 | $— | |||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 355 | 355 | — | |||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 1,629 | 1,773 | — | |||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR pass | 504 | 504 | — | |||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR special mention | 275 | 275 | — | |||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR substandard | 1,201 | 1,201 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR pass | 568 | 568 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR special mention | 3,074 | 3,074 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR substandard | 1,095 | 1,095 | — | |||||||||||||||||||||||||||||||||
Real estate term other - AQR special mention | 788 | 788 | — | |||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 342 | 342 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 84 | 84 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 622 | 641 | 8 | |||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | — | — | — | |||||||||||||||||||||||||||||||||
Total | $10,591 | $10,754 | $8 | |||||||||||||||||||||||||||||||||
(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 September 30, 2014 and 2013, respectively: | ||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | 2014 | 2013 | ||||||||||||||||||||||||||||||||||
(In Thousands) | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||||
With no related allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial - AQR pass | $323 | $1 | $183 | $4 | ||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 358 | 10 | 327 | 8 | ||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 1,661 | 65 | 646 | 5 | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR pass | — | — | 470 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | — | — | 353 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR pass | — | — | 2,123 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR special mention | — | — | 797 | 29 | ||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR pass | 505 | 12 | 517 | 12 | ||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR special mention | 276 | 6 | 917 | 19 | ||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR substandard | 1,218 | 24 | 380 | 6 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR pass | 591 | 19 | 356 | 6 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR special mention | 3,103 | 168 | 816 | 23 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR substandard | 1,118 | — | 1,347 | 20 | ||||||||||||||||||||||||||||||||
Real estate term other - AQR special mention | 795 | 30 | — | — | ||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 424 | 3 | 1,386 | 4 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 84 | 1 | 90 | 1 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 467 | — | — | — | ||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | — | — | 68 | — | ||||||||||||||||||||||||||||||||
Subtotal | $10,923 | $339 | $10,776 | $137 | ||||||||||||||||||||||||||||||||
With an allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial - AQR doubtful | $— | $— | $255 | $— | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 165 | — | 192 | — | ||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | — | — | 158 | — | ||||||||||||||||||||||||||||||||
Subtotal | $165 | $— | $605 | $— | ||||||||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||||||||||
Commercial - AQR pass | $323 | $1 | $183 | $4 | ||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 358 | 10 | 327 | 8 | ||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 1,661 | 65 | 646 | 5 | ||||||||||||||||||||||||||||||||
Commercial - AQR doubtful | — | — | 255 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR pass | — | — | 470 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | — | — | 353 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR pass | — | — | 2,123 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR special mention | — | — | 797 | 29 | ||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR pass | 505 | 12 | 517 | 12 | ||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR special mention | 276 | 6 | 917 | 19 | ||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR substandard | 1,218 | 24 | 380 | 6 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR pass | 591 | 19 | 356 | 6 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR special mention | 3,103 | 168 | 816 | 23 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR substandard | 1,118 | — | 1,347 | 20 | ||||||||||||||||||||||||||||||||
Real estate term other - AQR special mention | 795 | 30 | — | — | ||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 424 | 3 | 1,386 | 4 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 84 | 1 | 90 | 1 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 632 | — | 192 | — | ||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | — | — | 226 | — | ||||||||||||||||||||||||||||||||
Total Impaired Loans | $11,088 | $339 | $11,381 | $137 | ||||||||||||||||||||||||||||||||
Nine Months Ended September 30, | 2014 | 2013 | ||||||||||||||||||||||||||||||||||
(In Thousands) | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||||
With no related allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial - AQR pass | $130 | $2 | $123 | $8 | ||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 281 | 20 | 381 | 28 | ||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 1,538 | 72 | 814 | 25 | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR pass | — | — | 158 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | 116 | 6 | 431 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR pass | — | — | 2,371 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR special mention | 271 | 29 | 269 | 29 | ||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR pass | 508 | 39 | 347 | 23 | ||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR special mention | 307 | 15 | 980 | 57 | ||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR substandard | 1,168 | 51 | 223 | 6 | ||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR loss | — | — | 134 | — | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR pass | 607 | 74 | 120 | 6 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR special mention | 2,447 | 209 | 857 | 61 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR substandard | 1,062 | — | 1,468 | 65 | ||||||||||||||||||||||||||||||||
Real estate term other - AQR special mention | 655 | 77 | — | — | ||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 245 | 10 | 1,490 | 17 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 85 | 3 | 91 | 4 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR special mention | — | — | 28 | 1 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 284 | — | — | — | ||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | 38 | — | 176 | 3 | ||||||||||||||||||||||||||||||||
Subtotal | $9,742 | $607 | $10,461 | $333 | ||||||||||||||||||||||||||||||||
With an allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial - AQR special mention | $61 | $6 | $— | $— | ||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 198 | — | 146 | — | ||||||||||||||||||||||||||||||||
Commercial - AQR doubtful | — | — | 86 | — | ||||||||||||||||||||||||||||||||
Commercial - AQR loss | — | — | 61 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR substandard | — | — | 510 | — | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 234 | — | 195 | — | ||||||||||||||||||||||||||||||||
Subtotal | $493 | $6 | $998 | $— | ||||||||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||||||||||
Commercial - AQR pass | $130 | $2 | $123 | $8 | ||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 342 | 26 | 381 | 28 | ||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 1,736 | 72 | 960 | 25 | ||||||||||||||||||||||||||||||||
Commercial - AQR doubtful | — | — | 86 | — | ||||||||||||||||||||||||||||||||
Commercial - AQR loss | — | — | 61 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR pass | — | — | 158 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | 116 | 6 | 431 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR substandard | — | — | 510 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR pass | — | — | 2,371 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR special mention | 271 | 29 | 269 | 29 | ||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR pass | 508 | 39 | 347 | 23 | ||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR special mention | 307 | 15 | 980 | 57 | ||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR substandard | 1,168 | 51 | 223 | 6 | ||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR loss | — | — | 134 | — | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR pass | 607 | 74 | 120 | 6 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR special mention | 2,447 | 209 | 857 | 61 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR substandard | 1,062 | — | 1,468 | 65 | ||||||||||||||||||||||||||||||||
Real estate term other - AQR special mention | 655 | 77 | — | — | ||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 245 | 10 | 1,490 | 17 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 85 | 3 | 91 | 4 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR special mention | — | — | 28 | 1 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 518 | — | 195 | — | ||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | 38 | — | 229 | 3 | ||||||||||||||||||||||||||||||||
Total Impaired Loans | $10,235 | $613 | $11,512 | $333 | ||||||||||||||||||||||||||||||||
As described in Note 3 above, the Company acquired eighteen purchased credit impaired loans from Alaska Pacific on April 1, 2014 subject to the requirements of FASB ASC 310-30 Loans and Debt Securities Acquired with Deteriorated Credit Quality. This group of loans consists primarily of commercial and commercial real estate loans, and unlike a pool of consumer mortgages, it is not practicable for the Company to analyze the accretable yield of these loans. As such, the Company has elected the cost recovery method of income recognition for these loans, and thus no accretable difference has been identified for these loans. At the acquisition date, April 1, 2014, the fair value of this group of loans was $3.9 million. The carrying value of these loans as of September 30, 2014 is $3.6 million. | ||||||||||||||||||||||||||||||||||||
Loans classified as troubled debt restructurings (“TDR”) totaled $8.3 million and $7.9 million at September 30, 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 following table presents newly restructured loans that occurred during the nine months ended September 30, 2014 and restructured loans acquired from Alaska Pacific Bank on April 1, 2014: | ||||||||||||||||||||||||||||||||||||
Accrual Status | Nonaccrual Status | Total Modifications | ||||||||||||||||||||||||||||||||||
(In Thousands) | ||||||||||||||||||||||||||||||||||||
New Troubled Debt Restructurings | ||||||||||||||||||||||||||||||||||||
Commercial - AQR special mention | $ | 111 | $ | — | $ | 111 | ||||||||||||||||||||||||||||||
Commercial - AQR substandard | 253 | — | 253 | |||||||||||||||||||||||||||||||||
Real estate owner occupied - AQR substandard | — | 241 | 241 | |||||||||||||||||||||||||||||||||
Real estate non-owner occupied - AQR special mention | 2,119 | — | 2,119 | |||||||||||||||||||||||||||||||||
Real estate non-owner occupied - AQR substandard | — | 1,094 | 1,094 | |||||||||||||||||||||||||||||||||
Real estate other - AQR substandard | — | — | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | — | 124 | 124 | |||||||||||||||||||||||||||||||||
Subtotal | $ | 2,483 | $ | 1,459 | $ | 3,942 | ||||||||||||||||||||||||||||||
Existing Troubled Debt Restructurings | 4,170 | 191 | 4,361 | |||||||||||||||||||||||||||||||||
Total | $ | 6,653 | $ | 1,650 | $ | 8,303 | ||||||||||||||||||||||||||||||
The following table presents newly restructured loans that occurred during the nine months ended September 30, 2014 and restructured loans acquired from Alaska Pacific Bank on April 1, 2014, by concession (terms modified): | ||||||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
Number of Contracts | Rate Modification | Term Modification | Payment Modification | Combination Modification | Total Modifications | |||||||||||||||||||||||||||||||
(In Thousands) | ||||||||||||||||||||||||||||||||||||
Pre-Modification Outstanding Recorded Investment: | ||||||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 1 | $— | $— | $113 | $— | $113 | ||||||||||||||||||||||||||||||
Commercial - AQR substandard | 1 | — | 256 | — | — | 256 | ||||||||||||||||||||||||||||||
Real estate owner occupied - AQR substandard | 2 | — | — | — | 255 | 255 | ||||||||||||||||||||||||||||||
Real estate non-owner occupied - AQR special mention | 3 | — | — | — | 2,181 | 2,181 | ||||||||||||||||||||||||||||||
Real estate non-owner occupied - AQR substandard | 3 | — | — | — | 1,191 | 1,191 | ||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 1 | — | — | — | 133 | 133 | ||||||||||||||||||||||||||||||
Total | 11 | $— | $256 | $113 | $3,760 | $4,129 | ||||||||||||||||||||||||||||||
Post-Modification Outstanding Recorded Investment: | ||||||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 1 | $— | $— | $111 | $— | $111 | ||||||||||||||||||||||||||||||
Commercial - AQR substandard | 1 | — | 253 | — | — | 253 | ||||||||||||||||||||||||||||||
Real estate owner occupied - AQR substandard | 2 | — | — | — | 241 | 241 | ||||||||||||||||||||||||||||||
Real estate non-owner occupied - AQR special mention | 3 | — | — | — | 2,119 | 2,119 | ||||||||||||||||||||||||||||||
Real estate non-owner occupied - AQR substandard | 3 | — | — | — | 1,094 | 1,094 | ||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 1 | — | — | — | 124 | 124 | ||||||||||||||||||||||||||||||
Total | 11 | $— | $253 | $111 | $3,578 | $3,942 | ||||||||||||||||||||||||||||||
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 nine months ended September 30, 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 were no TDRs with specific impairment at September 30, 2014 and December 31, 2013, respectively. | ||||||||||||||||||||||||||||||||||||
At September 30, 2014, the Company had no TDRs that subsequently defaulted within the twelve month period ending September 30, 2014.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 | 9 Months Ended | |||||||||||||||||||||||||||||||||||
Sep. 30, 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 September 30, | 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 | $5,134 | $570 | $830 | $1,384 | $4,124 | $642 | $272 | $370 | $2,706 | $16,032 | ||||||||||||||||||||||||||
Charge-Offs | — | — | — | — | — | — | (13 | ) | (41 | ) | — | (54 | ) | |||||||||||||||||||||||
Recoveries | 259 | — | — | — | — | — | — | 6 | — | 265 | ||||||||||||||||||||||||||
Provision (benefit) | 22 | 64 | 285 | 177 | 87 | 254 | 7 | 53 | (949 | ) | — | |||||||||||||||||||||||||
Balance, end of period | $5,415 | $634 | $1,115 | $1,561 | $4,211 | $896 | $266 | $388 | $1,757 | $16,243 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Individually evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $— | $— | $— | $— | $— | $— | $8 | $— | $— | $8 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Collectively evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $5,415 | $634 | $1,115 | $1,561 | $4,211 | $896 | $258 | $388 | $1,757 | $16,235 | ||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $6,380 | $853 | $307 | $1,330 | $3,827 | $597 | $332 | $385 | $2,517 | $16,528 | ||||||||||||||||||||||||||
Charge-Offs | (399 | ) | — | — | — | — | — | — | — | — | (399 | ) | ||||||||||||||||||||||||
Recoveries | 675 | 18 | — | — | 489 | — | — | 2 | — | 1,184 | ||||||||||||||||||||||||||
Provision (benefit) | (359 | ) | (256 | ) | 111 | 36 | (242 | ) | (13 | ) | 13 | (14 | ) | (61 | ) | (785 | ) | |||||||||||||||||||
Balance, end of period | $6,297 | $615 | $418 | $1,366 | $4,074 | $584 | $345 | $373 | $2,456 | $16,528 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Individually evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $150 | $15 | $— | $— | $— | $— | $— | $19 | $— | $184 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Collectively evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $6,147 | $600 | $418 | $1,366 | $4,074 | $584 | $345 | $354 | $2,456 | $16,344 | ||||||||||||||||||||||||||
Nine Months Ended September 30, | 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 | ) | — | — | — | — | — | (52 | ) | (74 | ) | — | (446 | ) | ||||||||||||||||||||||
Recoveries | 889 | 625 | — | — | — | — | — | 29 | — | 1,543 | ||||||||||||||||||||||||||
Provision (benefit) | (933 | ) | (548 | ) | 576 | (22 | ) | (86 | ) | 359 | (4 | ) | 43 | (521 | ) | (1,136 | ) | |||||||||||||||||||
Balance, end of period | $5,415 | $634 | $1,115 | $1,561 | $4,211 | $896 | $266 | $388 | $1,757 | $16,243 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Individually evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $— | $— | $— | $— | $— | $— | $8 | $— | $— | $8 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Collectively evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $5,415 | $634 | $1,115 | $1,561 | $4,211 | $896 | $258 | $388 | $1,757 | $16,235 | ||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $6,308 | $1,029 | $326 | $1,441 | $4,065 | $539 | $344 | $388 | $1,968 | $16,408 | ||||||||||||||||||||||||||
Charge-Offs | (754 | ) | — | — | — | — | — | — | (14 | ) | — | (768 | ) | |||||||||||||||||||||||
Recoveries | 894 | 54 | 78 | — | 489 | — | — | 8 | — | 1,523 | ||||||||||||||||||||||||||
Provision (benefit) | (151 | ) | (468 | ) | 14 | (75 | ) | (480 | ) | 45 | 1 | (9 | ) | 488 | (635 | ) | ||||||||||||||||||||
Balance, end of period | $6,297 | $615 | $418 | $1,366 | $4,074 | $584 | $345 | $373 | $2,456 | $16,528 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Individually evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $150 | $15 | $— | $— | $— | $— | $— | $19 | $— | $184 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Collectively evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $6,147 | $600 | $418 | $1,366 | $4,074 | $584 | $345 | $354 | $2,456 | $16,344 | ||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
Balance, end of period | $317,315 | $40,335 | $66,000 | $118,562 | $281,439 | $51,820 | $32,538 | $33,298 | $941,307 | |||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Individually evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $2,038 | $191 | $788 | $1,980 | $4,737 | $151 | $706 | $— | $10,591 | |||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Collectively evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $315,277 | $40,144 | $65,212 | $116,582 | $276,702 | $51,669 | $31,832 | $33,298 | $930,716 | |||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | ||||||||||||||||||||||||||||||||||||
AQR Special Mention | $— | $— | $— | $— | $— | $— | $— | $— | $— | $— | ||||||||||||||||||||||||||
AQR Substandard | 8 | — | — | — | — | — | — | 8 | — | — | ||||||||||||||||||||||||||
Collectively evaluated for impairment: | ||||||||||||||||||||||||||||||||||||
AQR Pass | 13,415 | 4,594 | 634 | 1,115 | 1,354 | 4,204 | 891 | 252 | 371 | — | ||||||||||||||||||||||||||
AQR Special Mention | 1,039 | 814 | — | — | 207 | 6 | 5 | 6 | 1 | — | ||||||||||||||||||||||||||
AQR Substandard | 24 | 7 | — | — | — | 1 | — | — | 16 | — | ||||||||||||||||||||||||||
Unallocated | 1,757 | — | — | — | — | — | — | — | — | 1,757 | ||||||||||||||||||||||||||
$16,243 | $5,415 | $634 | $1,115 | $1,561 | $4,211 | $896 | $266 | $388 | $1,757 | |||||||||||||||||||||||||||
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
Purchased Receivables | 9 Months Ended | ||||||||||||
Sep. 30, 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 September 30, 2014, the Company has one segment and class of purchased receivables. There was one purchased receivable with a balance of $243,000 past due at September 30, 2014 and none past due at December 31, 2013, respectively, and there were no restructured purchased receivables at September 30, 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 September 30, 2014, the Company is accruing income on all purchased receivable balances outstanding except one with a balance of $243,000. | |||||||||||||
The following table summarizes the components of net purchased receivables for the periods indicated: | |||||||||||||
(In Thousands) | September 30, 2014 | December 31, 2013 | |||||||||||
Purchased receivables | $14,811 | $16,298 | |||||||||||
Reserve for purchased receivable losses | (483 | ) | (273 | ) | |||||||||
Total | $14,328 | $16,025 | |||||||||||
The following table sets forth information regarding changes in the purchased receivable reserve for the three and nine-month periods ending September 30, 2014 and 2013, respectively: | |||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||
(In Thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||
Balance at beginning of period | $242 | $292 | $273 | $323 | |||||||||
Charge-offs | — | — | (240 | ) | — | ||||||||
Recoveries | — | — | 3 | — | |||||||||
Charge-offs net of recoveries | — | — | (237 | ) | — | ||||||||
Reserve for purchased receivables | 241 | — | 447 | (31 | ) | ||||||||
Balance at end of period | $483 | $292 | $483 | $292 | |||||||||
The Company recorded one partial charge-off for $215,000 and one full charge-off for $25,000 in the first nine months of 2014 and did not record any charge-offs in the first nine months of 2013. The remaining purchased receivables related to these relationships are past due and are not currently performing. |
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 9 Months Ended |
Sep. 30, 2014 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ' |
Goodwill and Intangible Assets | ' |
Goodwill and Intangible Assets | |
The Company acquired Alaska Pacific on April 1, 2014. The Company did not record goodwill related to the acquisition of Alaska Pacific on April 1, 2014. The Company recorded a core deposit intangible of $623,000 related to deposits acquired from Alaska Pacific that will be amortized over its estimated useful life of ten years using an accelerated method. See Note 3 above for further discussion of this transaction. | |
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 September 30, 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. |
Deposit_Activities
Deposit Activities | 9 Months Ended |
Sep. 30, 2014 | |
Deposits [Abstract] | ' |
Deposit Activities | ' |
Deposit Activities | |
Total deposits at September 30, 2014 and December 31, 2013 were $1.2 billion and $1.0 billion, respectively. The only deposit category with stated maturity dates is certificates of deposit. At September 30, 2014, the Company had $108.6 million in certificates of deposit as compared to certificates of deposit of $86.2 million at December 31, 2013. At September 30, 2014, $86.5 million, or 80%, 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 | 9 Months Ended | ||||||||||
Sep. 30, 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 $24.2 million and $25.8 million at September 30, 2014 and December 31, 2013, respectively. At September 30, 2014, the notional amount of interest rate swaps is made up of two swaps totaling $12.1 million variable to fixed rate swap to a commercial loan customer and two swaps totaling $12.1 million fixed to variable rate swap with a counterparty. Changes in fair value from these four interest rate swaps offset each other in the third quarter of 2014. The Company did not recognize any fee income related to interest rate swaps in the nine month period ending September 30, 2014 and recognized $138,000 in fee income during the nine month period ending September 30, 2013. 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 September 30, 2014 and December 31, 2013: | |||||||||||
(In thousands) | Asset Derivatives | ||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||
Balance Sheet Location | Fair Value | Fair Value | |||||||||
Interest rate contracts | Other assets | $46 | $186 | ||||||||
(In thousands) | Liability Derivatives | ||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||
Balance Sheet Location | Fair Value | Fair Value | |||||||||
Interest rate contracts | Other Liabilities | $46 | $186 | ||||||||
Stock_Incentive_Plan
Stock Incentive Plan | 9 Months Ended |
Sep. 30, 2014 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' |
Stock Incentive Plan | ' |
Stock Incentive Plan | |
The Company adopted the 2014 Stock Option Plan (“2014 Plan”) following shareholder approval of the 2014 Plan at the 2014 Annual Meeting. Subsequent to the adoption of the 2014 Plan, no additional grants may be issued under the prior plans. The 2014 Plan provides for grants of up to 350,000 shares. | |
Stock Options: Under the 2014 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 September 30, 2014 and 2013, the Company recognized $16,000 and $37,000, respectively, in stock option compensation expense as a component of salaries and other personnel expense. For the nine months ended September 30, 2014 and 2013, the Company recognized $49,000 and $71,000, 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 September 30, 2014 and 2013, were $331,000 and $47,000, respectively. The Company withheld $320,000 and $46,000 to pay for stock option exercises or income taxes that resulted from the exercise of stock options in the three months ended September 30, 2014 and 2013, respectively. Proceeds from the exercise of stock options in the nine months ended September 30, 2014 and 2013, were $395,000 and $165,000, respectively. The Company withheld $320,000, and $170,000 to pay for stock option exercises or income taxes that resulted from the exercise of stock options in the nine months ended September 30, 2014 and 2013, respectively. | |
There were no stock options granted in the third 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 September 30, 2014 and 2013, the Company recognized $48,000 and $127,000, respectively, in restricted stock unit compensation expense as a component of salaries and other personnel expense. For the nine months ended September 30, 2014 and 2013, the Company recognized $205,000 and $320,000, 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 third quarter of 2014. |
Fair_Value_of_Assets_and_Liabi
Fair Value of Assets and Liabilities | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||
Fair Value of Assets and Liabilities | ' | |||||||||||||||||||
Fair 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 8). 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. | ||||||||||||||||||||
Mortgage servicing rights: MSR are measured at fair value on a recurring basis. These assets are classified as Level 3 as quoted prices are not available and the Company uses a model derived valuation methodology to estimate the fair value of MSR. The annual valuation is reviewed on a quarterly basis for significant changes in assumptions and current market rates. The model pools loans into tranches of homogeneous characteristics and performs a present value analysis of the expected future cash flows. The tranches are created by individual loan characteristics such as note rate, product type, and the remittance schedule. Applicable current market rate assumptions are utilized for discounting the future cash flows. | ||||||||||||||||||||
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: | ||||||||||||||||||||
September 30, 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 | $129,341 | $129,341 | $99,091 | $99,091 | ||||||||||||||||
Investment securities | 33,558 | 33,558 | 20,487 | 20,487 | ||||||||||||||||
Level 2 inputs: | ||||||||||||||||||||
Investment securities | 209,646 | 209,772 | 232,305 | 232,458 | ||||||||||||||||
Accrued interest receivable | 3,483 | 3,483 | 2,729 | 2,729 | ||||||||||||||||
Interest rate contracts | 46 | 46 | 186 | 186 | ||||||||||||||||
Level 3 inputs: | ||||||||||||||||||||
Loans and loans held for sale, net | 930,741 | 934,696 | 765,035 | 769,570 | ||||||||||||||||
Purchased receivables, net | 14,328 | 14,328 | 16,025 | 16,025 | ||||||||||||||||
Mortgage servicing rights | 1,169 | 1,169 | — | — | ||||||||||||||||
Financial liabilities: | ||||||||||||||||||||
Level 2 inputs: | ||||||||||||||||||||
Deposits | $1,192,367 | $1,192,152 | $1,003,723 | $1,003,816 | ||||||||||||||||
Securities sold under repurchase agreements | 19,931 | 19,931 | 21,143 | 21,143 | ||||||||||||||||
Borrowings | 2,175 | 2,256 | 6,527 | 6,448 | ||||||||||||||||
Accrued interest payable | 55 | 55 | 52 | 52 | ||||||||||||||||
Interest rate contracts | 46 | 46 | 186 | 186 | ||||||||||||||||
Level 3 inputs: | ||||||||||||||||||||
Junior subordinated debentures | 18,558 | 16,368 | 18,558 | 15,456 | ||||||||||||||||
Unrecognized financial instruments: | ||||||||||||||||||||
Commitments to extend credit(1) | $236,807 | $2,368 | $187,931 | $1,879 | ||||||||||||||||
Standby letters of credit(1) | 5,948 | 59 | 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) | ||||||||||||||||
September 30, 2014 | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Available for sale securities | ||||||||||||||||||||
U.S. Treasury and government sponsored entities | $178,702 | $15,509 | $163,193 | $— | ||||||||||||||||
Municipal securities | 15,223 | — | 15,223 | — | ||||||||||||||||
U.S. Agency mortgage-backed securities | 1,094 | — | 1,094 | — | ||||||||||||||||
Corporate bonds | 39,401 | 14,907 | 24,494 | — | ||||||||||||||||
Preferred stock | 3,142 | 3,142 | — | — | ||||||||||||||||
Total available for sale securities | $237,562 | $33,558 | $204,004 | $— | ||||||||||||||||
Other assets (interest rate contracts and MSR) | $1,215 | $— | $46 | $1,169 | ||||||||||||||||
Liabilities: | ||||||||||||||||||||
Other liabilities (interest rate contracts) | $46 | $— | $46 | $— | ||||||||||||||||
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 nine months ending September 30, 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 | |||||||||||||||
September 30, 2014 | ||||||||||||||||||||
Loans measured for impairment | $165 | $— | $— | $165 | ($3 | ) | ||||||||||||||
Other real estate owned | 227 | — | — | 227 | 45 | |||||||||||||||
Total | $392 | $— | $— | $392 | $42 | |||||||||||||||
September 30, 2013 | ||||||||||||||||||||
Loans measured for impairment | $498 | $— | $— | $498 | ($474 | ) | ||||||||||||||
Other real estate owned | 426 | — | — | 426 | 70 | |||||||||||||||
Total | $924 | $— | $— | $924 | ($404 | ) | ||||||||||||||
Significant_Accounting_Policie1
Significant Accounting Policies and Recent Accounting Pronouncements (Policies) | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Acquired Loans | ' |
Acquired Loans: Loans are recorded at their fair value at the acquisition date. Credit discounts are included in the determination of fair value; therefore, an allowance for loan losses is not recorded at the acquisition date. Purchased loans are evaluated upon acquisition and classified as either purchased impaired or purchased non-impaired. Purchased impaired loans reflect credit deterioration since origination such that it is probable at acquisition that the Company will be unable to collect all contractually required payments. | |
Purchased impaired loans were individually evaluated for credit impairment at acquisition using expected future cash flows or the estimated value of underlying collateral. A purchased impaired loan will be removed from impaired loans only if the loan is sold, foreclosed, or assets are received in full satisfaction of the loan, and it will be removed from impaired loans at its carrying value. If an individual loan is removed, the difference between its relative carrying amount and its cash, fair value of the collateral, or other assets received will be recognized in other income immediately as a gain and would not affect the effective yield used to recognize the accretable yield on impaired loans. | |
The excess of the undiscounted contractual balances due over the cash flows expected to be collected is considered to be the nonaccretable difference. The nonaccretable difference represents our estimate of the credit losses expected to occur and was considered in determining the fair value of the purchased impaired loans as of the acquisition date. Subsequent to the acquisition date, any increases in expected cash flows over those expected at purchase date in excess of fair value are adjusted through an increase to the accretable yield on a prospective basis. The purchased impaired loans are and will continue to be subject to the Company’s internal and external credit review and monitoring. If credit deterioration is experienced subsequent to the initial acquisition fair value amount, such deterioration will be measured, and a charge off will be recorded. | |
For purchased non-impaired loans, the difference between the fair value and unpaid principal balance of the loan at the acquisition date is amortized or accreted to interest income over the estimated life of the loans. | |
Mortgage Servicing Rights | ' |
Mortgage Servicing Rights: The Company purchased mortgage servicing rights, ("MSR") in conjunction with the acquisition of Alaska Pacific. MSRs are the rights to service mortgage loans for others. The Company initially records all of our MSRs at fair value. Subsequently, MSRs are carried at fair value. The Company uses a model derived valuation methodology to estimate the fair value of MSRs. The model pools loans into buckets of homogeneous characteristics and performs a present value analysis of the future cash flows. The buckets are created by individual loan characteristics such as note rate, product type, and the remittance schedule. Current market rates are utilized for discounting the future cash flows. Significant assumptions used in the valuation of MSR include discount rates, projected prepayment speeds, escrow calculations, ancillary income, delinquencies and option adjusted spreads. Changes in the fair value of MSRs occur primarily due to the collection/realization of expected cash flows, as well as changes in valuation inputs and assumptions. Changes in the fair value of MSRs are reported in noninterest income in the period in which the change occurs. The amortization of MSRs is reported in noninterest income. | |
Recent Accounting Pronouncements | ' |
Recent Accounting Pronouncements: | |
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. | |
In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). The amendments to the Codification in ASU 2014-09 change the core principal for recognizing revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve the core principal, an entity should apply the following steps: 1) identify the contract(s) with a customer, 2) identify the performance obligations in the contract, 3) determine the transaction price, 4) allocate the transaction price to the performance obligations in the contract, and 5) recognize revenue when (or as) the entity satisfies a performance obligation. The guidance also specifies the accounting for some costs to obtain or fulfill a contract with a customer. An entity is required to disclose sufficient information to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. This ASU is effective for the Company’s financial statements for annual and interim periods beginning on or after December 15, 2016, 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. | |
In June 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-11, Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures (“ASU 2014-11”). The amendments to the Codification in ASU 2014-11 require two accounting changes. First, the amendments change the accounting for repurchase-to maturity transactions to secured borrowing accounting. Second, for repurchase financing agreements, the amendments require separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. 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. | |
In August 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-14, Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure (“ASU 2014-14”). The amendments to the Codification in ASU 2014-14 require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met: 1) the loan has a government guarantee that is not separable from the loan before foreclosure, 2) at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim, and 3) at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed. Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. 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. |
Business_Combinations_Tables
Business Combinations (Tables) | 9 Months Ended | ||||||||||||||
Sep. 30, 2014 | |||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||
Schedule of Business Acquisitions by Acquisition | ' | ||||||||||||||
A summary of the net assets acquired and the estimated fair value adjustments of Alaska Pacific are presented below: | |||||||||||||||
Alaska Pacific | |||||||||||||||
(In Thousands) | April 1, 2014 | ||||||||||||||
Cost basis net assets | $14,733 | ||||||||||||||
Cash payment made | (6,423 | ) | |||||||||||||
Common stock issued | (7,446 | ) | |||||||||||||
Fair value adjustments: | |||||||||||||||
Net loans | (1,137 | ) | |||||||||||||
Premises and equipment | 547 | ||||||||||||||
Other intangible assets | 623 | ||||||||||||||
Mortgage servicing rights | (119 | ) | |||||||||||||
Deposits | (844 | ) | |||||||||||||
Other | 234 | ||||||||||||||
Bargain purchase gain | $168 | ||||||||||||||
Assets Acquired and Liabilities Assumed | ' | ||||||||||||||
A summary of assets acquired and liabilities assumed at their estimated fair values are presented below: | |||||||||||||||
Alaska Pacific | |||||||||||||||
(In Thousands) | April 1, 2014 | ||||||||||||||
Assets Acquired: | |||||||||||||||
Cash and equivalents | $12,956 | ||||||||||||||
Investment securities | 7,240 | ||||||||||||||
Net loans | 138,432 | ||||||||||||||
Premises and equipment | 3,436 | ||||||||||||||
Other intangibles | 623 | ||||||||||||||
Mortgage servicing rights | 1,170 | ||||||||||||||
Other real estate owned | 1,709 | ||||||||||||||
Other assets | 1,643 | ||||||||||||||
Total assets acquired | $167,209 | ||||||||||||||
Liabilities Assumed: | |||||||||||||||
Deposits | $151,438 | ||||||||||||||
Other liabilities | 1,734 | ||||||||||||||
Total liabilities assumed | $153,172 | ||||||||||||||
Schedule of Loans Acquired | ' | ||||||||||||||
Alaska Pacific purchased loans not subject to the requirements of FASB ASC 310-30 Loans and Debt Securities Acquired with Deteriorated Credit Quality ("ASC 310-30") are presented below at acquisition: | |||||||||||||||
(In Thousands) | April 1, 2014 | ||||||||||||||
Contractually required principal payments | $133,921 | ||||||||||||||
Purchase adjustment for credit, interest rate, and liquidity | 612 | ||||||||||||||
Fair value of purchased non-credit impaired loans | $134,533 | ||||||||||||||
Loans Acquired with Deteriorating Quality | ' | ||||||||||||||
Purchased credit impaired loans at acquisition are presented below: | |||||||||||||||
(In Thousands) | April 1, 2014 | ||||||||||||||
Contractually required principal payments | $7,553 | ||||||||||||||
Nonaccretable difference | (3,654 | ) | |||||||||||||
Fair value of purchased credit impaired loans | $3,899 | ||||||||||||||
Pro Forma Information | ' | ||||||||||||||
The following table presents unaudited pro forma results of operations for the nine month periods ended September 30, 2014 and 2013 as if the acquisition of Alaska Pacific had occurred on January 1, 2013. The proforma results have been prepared for comparative purposes only and are not necessarily indicative of the results that would have been obtained had the acquisition actually occurred on January 1, 2013. | |||||||||||||||
(In Thousands, except earnings per share data) | September 30, 2014 | ||||||||||||||
Pro Forma | Pro Forma | ||||||||||||||
Company | Alaska Pacific1 | Adjustments | Combined | ||||||||||||
Net interest and other income | $50,143 | $2,095 | $— | 2 | $52,238 | ||||||||||
Net income attributable to Northrim BanCorp, Inc. | 10,734 | (1,282 | ) | (181 | ) | 3 | 9,271 | ||||||||
Earnings Per Share, Basic | $1.59 | $1.38 | |||||||||||||
Earnings Per Share, Diluted | $1.57 | $1.36 | |||||||||||||
Weighted Average Shares Outstanding, Basic | 6,733,175 | 6,733,175 | |||||||||||||
Weighted Average Shares Outstanding, Diluted | 6,822,288 | 6,822,288 | |||||||||||||
(In Thousands, except earnings per share data) | September 30, 2013 | ||||||||||||||
Pro Forma | Pro Forma | ||||||||||||||
Company | Alaska Pacific1 | Adjustments | Combined | ||||||||||||
Net interest and other income | $42,597 | $7,468 | ($28 | ) | 2 | $50,037 | |||||||||
Net income attributable to Northrim BanCorp, Inc. | 9,644 | 281 | 101 | 3 | 10,026 | ||||||||||
Earnings Per Share, Basic | $1.48 | $1.54 | |||||||||||||
Earnings Per Share, Diluted | $1.46 | $1.52 | |||||||||||||
Weighted Average Shares Outstanding, Basic | 6,514,441 | 6,514,441 | |||||||||||||
Weighted Average Shares Outstanding, Diluted | 6,594,482 | 6,594,482 | |||||||||||||
1 Alaska Pacific represents results from January 1 to March 31 for 2014 and represents results from January 1 to September 30 for 2013. | |||||||||||||||
2 Amount of amortization/ accretion of the fair value adjustments on loans and certificates of deposit. | |||||||||||||||
3 Amount of amortization/accretion of the fair value adjustments on loans and certificates of deposit, bargain purchase gain, amortization of cored deposit intangible, and the change in the provision for income taxes. |
Investment_Securities_Tables
Investment Securities (Tables) | 9 Months Ended | ||||||||||||||||||
Sep. 30, 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 | |||||||||||||||
September 30, 2014 | |||||||||||||||||||
Securities available for sale | |||||||||||||||||||
U.S. Treasury and government sponsored entities | $178,773 | $94 | $165 | $178,702 | |||||||||||||||
Municipal securities | 14,893 | 333 | 3 | 15,223 | |||||||||||||||
U.S. Agency mortgage-backed securities | 1,094 | 8 | 8 | 1,094 | |||||||||||||||
Corporate bonds | 38,745 | 656 | — | 39,401 | |||||||||||||||
Preferred stock | 2,999 | 143 | — | 3,142 | |||||||||||||||
Total securities available for sale | $236,504 | $1,234 | $176 | $237,562 | |||||||||||||||
Securities held to maturity | |||||||||||||||||||
Municipal securities | $2,202 | $125 | $— | $2,327 | |||||||||||||||
Total securities held to maturity | $2,202 | $125 | $— | $2,327 | |||||||||||||||
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 September 30, 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 | |||||||||||||
September 30, 2014: | |||||||||||||||||||
Securities Available for Sale | |||||||||||||||||||
U.S. Treasury and government sponsored entities | $110,947 | $165 | $— | $— | $110,947 | $165 | |||||||||||||
U.S. Agency mortgage-backed securities | 390 | 8 | — | — | 390 | 8 | |||||||||||||
Municipal Securities | 323 | 3 | — | — | 323 | 3 | |||||||||||||
Total | $111,660 | $176 | $— | $— | $111,660 | $176 | |||||||||||||
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 September 30, 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 | $178,294 | $178,219 | 1.07 | % | |||||||||||||||
5-10 years | 479 | 483 | 2.27 | % | |||||||||||||||
Total | $178,773 | $178,702 | 1.07 | % | |||||||||||||||
U.S. Agency mortgage-backed securities | |||||||||||||||||||
Within 1 year | $245 | $240 | 1.85 | % | |||||||||||||||
1-5 years | 81 | 84 | 2.4 | % | |||||||||||||||
5-10 years | 328 | 328 | 3.43 | % | |||||||||||||||
Over 10 years | 440 | 442 | 3.64 | % | |||||||||||||||
Total | $1,094 | $1,094 | 3.08 | % | |||||||||||||||
Corporate bonds | |||||||||||||||||||
Within 1 year | $736 | $741 | 0.87 | % | |||||||||||||||
1-5 years | 36,009 | 36,641 | 1.46 | % | |||||||||||||||
5-10 years | 2,000 | 2,019 | 1.04 | % | |||||||||||||||
Total | $38,745 | $39,401 | 1.42 | % | |||||||||||||||
Preferred stock | |||||||||||||||||||
Over 10 years | $2,999 | $3,142 | 5.61 | % | |||||||||||||||
Total | $2,999 | $3,142 | 5.61 | % | |||||||||||||||
Municipal securities | |||||||||||||||||||
Within 1 year | $6,571 | $6,583 | 0.88 | % | |||||||||||||||
1-5 years | 4,311 | 4,445 | 3.05 | % | |||||||||||||||
5-10 years | 6,213 | 6,522 | 4.43 | % | |||||||||||||||
Total | $17,095 | $17,550 | 2.72 | % | |||||||||||||||
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 September 30, 2014 and 2013 respectively, are as follows: | |||||||||||||||||||
(In Thousands) | Proceeds | Gross Gains | Gross Losses | ||||||||||||||||
2014 | |||||||||||||||||||
Available for sale securities | $24,102 | $465 | $4 | ||||||||||||||||
2013 | |||||||||||||||||||
Available for sale securities | $22,013 | $318 | $— | ||||||||||||||||
Summary Of Interest Income On Available-For-Sale Investment Securities | ' | ||||||||||||||||||
A summary of interest income for the nine months ending September 30, 2014 and 2013 on available for sale investment securities is as follows: | |||||||||||||||||||
(In Thousands) | 2014 | 2013 | |||||||||||||||||
US Treasury and government sponsored entities | $1,186 | $638 | |||||||||||||||||
U.S. Agency mortgage-backed securities | 17 | 1 | |||||||||||||||||
Other | 671 | 856 | |||||||||||||||||
Total taxable interest income | $1,874 | $1,495 | |||||||||||||||||
Municipal securities | $302 | $429 | |||||||||||||||||
Total tax-exempt interest income | $302 | $429 | |||||||||||||||||
Total | $2,176 | $1,924 | |||||||||||||||||
Loans_Tables
Loans (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||||||
Loans [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Loan Portfolio Segmented By Risk Class | ' | |||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
AQR Pass | $311,714 | $40,144 | $65,212 | $111,148 | $276,870 | $51,087 | $31,511 | $33,206 | $920,892 | |||||||||||||||||||||||||||
AQR Special Mention | 3,889 | — | 788 | 6,174 | 3,432 | 582 | 405 | 42 | 15,312 | |||||||||||||||||||||||||||
AQR Substandard | 1,712 | 191 | — | 1,240 | 1,137 | 151 | 622 | 50 | 5,103 | |||||||||||||||||||||||||||
AQR Doubtful | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
AQR Loss | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Subtotal | $317,315 | $40,335 | $66,000 | $118,562 | $281,439 | $51,820 | $32,538 | $33,298 | $941,307 | |||||||||||||||||||||||||||
Less: Unearned origination fees, net of origination costs | (4,648 | ) | ||||||||||||||||||||||||||||||||||
Total loans | $936,659 | |||||||||||||||||||||||||||||||||||
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) | September 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||||||
Commercial | $379 | $222 | ||||||||||||||||||||||||||||||||||
Real estate construction one-to-four family | 191 | — | ||||||||||||||||||||||||||||||||||
Real estate construction other | — | — | ||||||||||||||||||||||||||||||||||
Real estate term owner occupied | 370 | — | ||||||||||||||||||||||||||||||||||
Real estate term non-owner occupied | 1,137 | 151 | ||||||||||||||||||||||||||||||||||
Real estate term other | — | 1,136 | ||||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust | 623 | 187 | ||||||||||||||||||||||||||||||||||
Consumer other | 50 | 119 | ||||||||||||||||||||||||||||||||||
Total | $2,750 | $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 | ||||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
AQR Pass | $731 | $190 | $— | $— | $921 | $919,971 | $920,892 | |||||||||||||||||||||||||||||
AQR Special Mention | 180 | — | — | — | 180 | 15,132 | 15,312 | |||||||||||||||||||||||||||||
AQR Substandard | — | — | 11 | 2,750 | 2,761 | 2,342 | 5,103 | |||||||||||||||||||||||||||||
AQR Doubtful | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
AQR Loss | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Subtotal | $911 | $190 | $11 | $2,750 | $3,862 | $937,445 | $941,307 | |||||||||||||||||||||||||||||
Less: Unearned origination fees, net of origination costs | (4,648 | ) | ||||||||||||||||||||||||||||||||||
Total | $936,659 | |||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
With no related allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial - AQR pass | $54 | $54 | $— | |||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 355 | 355 | — | |||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 1,629 | 1,773 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR pass | 504 | 504 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR special mention | 275 | 275 | — | |||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR substandard | 1,201 | 1,201 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR pass | 568 | 568 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR special mention | 3,074 | 3,074 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR substandard | 1,095 | 1,095 | — | |||||||||||||||||||||||||||||||||
Real estate term other - AQR special mention | 788 | 788 | — | |||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 342 | 342 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 84 | 84 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 457 | 470 | — | |||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | — | — | — | |||||||||||||||||||||||||||||||||
Subtotal | $10,426 | $10,583 | $— | |||||||||||||||||||||||||||||||||
With an allowance recorded | ||||||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | $165 | $171 | $8 | |||||||||||||||||||||||||||||||||
Subtotal | $165 | $171 | $8 | |||||||||||||||||||||||||||||||||
Commercial - AQR pass | $54 | $54 | $— | |||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 355 | 355 | — | |||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 1,629 | 1,773 | — | |||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR pass | 504 | 504 | — | |||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR special mention | 275 | 275 | — | |||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR substandard | 1,201 | 1,201 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR pass | 568 | 568 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR special mention | 3,074 | 3,074 | — | |||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR substandard | 1,095 | 1,095 | — | |||||||||||||||||||||||||||||||||
Real estate term other - AQR special mention | 788 | 788 | — | |||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 342 | 342 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 84 | 84 | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 622 | 641 | 8 | |||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | — | — | — | |||||||||||||||||||||||||||||||||
Total | $10,591 | $10,754 | $8 | |||||||||||||||||||||||||||||||||
(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 September 30, 2014 and 2013, respectively: | ||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | 2014 | 2013 | ||||||||||||||||||||||||||||||||||
(In Thousands) | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||||
With no related allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial - AQR pass | $323 | $1 | $183 | $4 | ||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 358 | 10 | 327 | 8 | ||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 1,661 | 65 | 646 | 5 | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR pass | — | — | 470 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | — | — | 353 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR pass | — | — | 2,123 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR special mention | — | — | 797 | 29 | ||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR pass | 505 | 12 | 517 | 12 | ||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR special mention | 276 | 6 | 917 | 19 | ||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR substandard | 1,218 | 24 | 380 | 6 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR pass | 591 | 19 | 356 | 6 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR special mention | 3,103 | 168 | 816 | 23 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR substandard | 1,118 | — | 1,347 | 20 | ||||||||||||||||||||||||||||||||
Real estate term other - AQR special mention | 795 | 30 | — | — | ||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 424 | 3 | 1,386 | 4 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 84 | 1 | 90 | 1 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 467 | — | — | — | ||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | — | — | 68 | — | ||||||||||||||||||||||||||||||||
Subtotal | $10,923 | $339 | $10,776 | $137 | ||||||||||||||||||||||||||||||||
With an allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial - AQR doubtful | $— | $— | $255 | $— | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 165 | — | 192 | — | ||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | — | — | 158 | — | ||||||||||||||||||||||||||||||||
Subtotal | $165 | $— | $605 | $— | ||||||||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||||||||||
Commercial - AQR pass | $323 | $1 | $183 | $4 | ||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 358 | 10 | 327 | 8 | ||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 1,661 | 65 | 646 | 5 | ||||||||||||||||||||||||||||||||
Commercial - AQR doubtful | — | — | 255 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR pass | — | — | 470 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | — | — | 353 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR pass | — | — | 2,123 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR special mention | — | — | 797 | 29 | ||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR pass | 505 | 12 | 517 | 12 | ||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR special mention | 276 | 6 | 917 | 19 | ||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR substandard | 1,218 | 24 | 380 | 6 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR pass | 591 | 19 | 356 | 6 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR special mention | 3,103 | 168 | 816 | 23 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR substandard | 1,118 | — | 1,347 | 20 | ||||||||||||||||||||||||||||||||
Real estate term other - AQR special mention | 795 | 30 | — | — | ||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 424 | 3 | 1,386 | 4 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 84 | 1 | 90 | 1 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 632 | — | 192 | — | ||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | — | — | 226 | — | ||||||||||||||||||||||||||||||||
Total Impaired Loans | $11,088 | $339 | $11,381 | $137 | ||||||||||||||||||||||||||||||||
Nine Months Ended September 30, | 2014 | 2013 | ||||||||||||||||||||||||||||||||||
(In Thousands) | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||||
With no related allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial - AQR pass | $130 | $2 | $123 | $8 | ||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 281 | 20 | 381 | 28 | ||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 1,538 | 72 | 814 | 25 | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR pass | — | — | 158 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | 116 | 6 | 431 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR pass | — | — | 2,371 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR special mention | 271 | 29 | 269 | 29 | ||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR pass | 508 | 39 | 347 | 23 | ||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR special mention | 307 | 15 | 980 | 57 | ||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR substandard | 1,168 | 51 | 223 | 6 | ||||||||||||||||||||||||||||||||
Real estate term owner occupied- AQR loss | — | — | 134 | — | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR pass | 607 | 74 | 120 | 6 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR special mention | 2,447 | 209 | 857 | 61 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied- AQR substandard | 1,062 | — | 1,468 | 65 | ||||||||||||||||||||||||||||||||
Real estate term other - AQR special mention | 655 | 77 | — | — | ||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 245 | 10 | 1,490 | 17 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 85 | 3 | 91 | 4 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR special mention | — | — | 28 | 1 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 284 | — | — | — | ||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | 38 | — | 176 | 3 | ||||||||||||||||||||||||||||||||
Subtotal | $9,742 | $607 | $10,461 | $333 | ||||||||||||||||||||||||||||||||
With an allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial - AQR special mention | $61 | $6 | $— | $— | ||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 198 | — | 146 | — | ||||||||||||||||||||||||||||||||
Commercial - AQR doubtful | — | — | 86 | — | ||||||||||||||||||||||||||||||||
Commercial - AQR loss | — | — | 61 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR substandard | — | — | 510 | — | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 234 | — | 195 | — | ||||||||||||||||||||||||||||||||
Subtotal | $493 | $6 | $998 | $— | ||||||||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||||||||||
Commercial - AQR pass | $130 | $2 | $123 | $8 | ||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 342 | 26 | 381 | 28 | ||||||||||||||||||||||||||||||||
Commercial - AQR substandard | 1,736 | 72 | 960 | 25 | ||||||||||||||||||||||||||||||||
Commercial - AQR doubtful | — | — | 86 | — | ||||||||||||||||||||||||||||||||
Commercial - AQR loss | — | — | 61 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR pass | — | — | 158 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR special mention | 116 | 6 | 431 | — | ||||||||||||||||||||||||||||||||
Real estate construction one-to-four family - AQR substandard | — | — | 510 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR pass | — | — | 2,371 | — | ||||||||||||||||||||||||||||||||
Real estate construction other - AQR special mention | 271 | 29 | 269 | 29 | ||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR pass | 508 | 39 | 347 | 23 | ||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR special mention | 307 | 15 | 980 | 57 | ||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR substandard | 1,168 | 51 | 223 | 6 | ||||||||||||||||||||||||||||||||
Real estate term owner-occupied - AQR loss | — | — | 134 | — | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR pass | 607 | 74 | 120 | 6 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR special mention | 2,447 | 209 | 857 | 61 | ||||||||||||||||||||||||||||||||
Real estate term non-owner occupied - AQR substandard | 1,062 | — | 1,468 | 65 | ||||||||||||||||||||||||||||||||
Real estate term other - AQR special mention | 655 | 77 | — | — | ||||||||||||||||||||||||||||||||
Real estate term other - AQR substandard | 245 | 10 | 1,490 | 17 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR pass | 85 | 3 | 91 | 4 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR special mention | — | — | 28 | 1 | ||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 518 | — | 195 | — | ||||||||||||||||||||||||||||||||
Consumer other - AQR substandard | 38 | — | 229 | 3 | ||||||||||||||||||||||||||||||||
Total Impaired Loans | $10,235 | $613 | $11,512 | $333 | ||||||||||||||||||||||||||||||||
Restructured Loans | ' | |||||||||||||||||||||||||||||||||||
The following table presents newly restructured loans that occurred during the nine months ended September 30, 2014 and restructured loans acquired from Alaska Pacific Bank on April 1, 2014: | ||||||||||||||||||||||||||||||||||||
Accrual Status | Nonaccrual Status | Total Modifications | ||||||||||||||||||||||||||||||||||
(In Thousands) | ||||||||||||||||||||||||||||||||||||
New Troubled Debt Restructurings | ||||||||||||||||||||||||||||||||||||
Commercial - AQR special mention | $ | 111 | $ | — | $ | 111 | ||||||||||||||||||||||||||||||
Commercial - AQR substandard | 253 | — | 253 | |||||||||||||||||||||||||||||||||
Real estate owner occupied - AQR substandard | — | 241 | 241 | |||||||||||||||||||||||||||||||||
Real estate non-owner occupied - AQR special mention | 2,119 | — | 2,119 | |||||||||||||||||||||||||||||||||
Real estate non-owner occupied - AQR substandard | — | 1,094 | 1,094 | |||||||||||||||||||||||||||||||||
Real estate other - AQR substandard | — | — | — | |||||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | — | 124 | 124 | |||||||||||||||||||||||||||||||||
Subtotal | $ | 2,483 | $ | 1,459 | $ | 3,942 | ||||||||||||||||||||||||||||||
Existing Troubled Debt Restructurings | 4,170 | 191 | 4,361 | |||||||||||||||||||||||||||||||||
Total | $ | 6,653 | $ | 1,650 | $ | 8,303 | ||||||||||||||||||||||||||||||
The following table presents newly restructured loans that occurred during the nine months ended September 30, 2014 and restructured loans acquired from Alaska Pacific Bank on April 1, 2014, by concession (terms modified): | ||||||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
Number of Contracts | Rate Modification | Term Modification | Payment Modification | Combination Modification | Total Modifications | |||||||||||||||||||||||||||||||
(In Thousands) | ||||||||||||||||||||||||||||||||||||
Pre-Modification Outstanding Recorded Investment: | ||||||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 1 | $— | $— | $113 | $— | $113 | ||||||||||||||||||||||||||||||
Commercial - AQR substandard | 1 | — | 256 | — | — | 256 | ||||||||||||||||||||||||||||||
Real estate owner occupied - AQR substandard | 2 | — | — | — | 255 | 255 | ||||||||||||||||||||||||||||||
Real estate non-owner occupied - AQR special mention | 3 | — | — | — | 2,181 | 2,181 | ||||||||||||||||||||||||||||||
Real estate non-owner occupied - AQR substandard | 3 | — | — | — | 1,191 | 1,191 | ||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 1 | — | — | — | 133 | 133 | ||||||||||||||||||||||||||||||
Total | 11 | $— | $256 | $113 | $3,760 | $4,129 | ||||||||||||||||||||||||||||||
Post-Modification Outstanding Recorded Investment: | ||||||||||||||||||||||||||||||||||||
Commercial - AQR special mention | 1 | $— | $— | $111 | $— | $111 | ||||||||||||||||||||||||||||||
Commercial - AQR substandard | 1 | — | 253 | — | — | 253 | ||||||||||||||||||||||||||||||
Real estate owner occupied - AQR substandard | 2 | — | — | — | 241 | 241 | ||||||||||||||||||||||||||||||
Real estate non-owner occupied - AQR special mention | 3 | — | — | — | 2,119 | 2,119 | ||||||||||||||||||||||||||||||
Real estate non-owner occupied - AQR substandard | 3 | — | — | — | 1,094 | 1,094 | ||||||||||||||||||||||||||||||
Consumer secured by 1st deeds of trust - AQR substandard | 1 | — | — | — | 124 | 124 | ||||||||||||||||||||||||||||||
Total | 11 | $— | $253 | $111 | $3,578 | $3,942 | ||||||||||||||||||||||||||||||
Allowance_for_Loan_Losses_Tabl
Allowance for Loan Losses (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||||||||
Sep. 30, 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 September 30, | 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 | $5,134 | $570 | $830 | $1,384 | $4,124 | $642 | $272 | $370 | $2,706 | $16,032 | ||||||||||||||||||||||||||
Charge-Offs | — | — | — | — | — | — | (13 | ) | (41 | ) | — | (54 | ) | |||||||||||||||||||||||
Recoveries | 259 | — | — | — | — | — | — | 6 | — | 265 | ||||||||||||||||||||||||||
Provision (benefit) | 22 | 64 | 285 | 177 | 87 | 254 | 7 | 53 | (949 | ) | — | |||||||||||||||||||||||||
Balance, end of period | $5,415 | $634 | $1,115 | $1,561 | $4,211 | $896 | $266 | $388 | $1,757 | $16,243 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Individually evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $— | $— | $— | $— | $— | $— | $8 | $— | $— | $8 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Collectively evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $5,415 | $634 | $1,115 | $1,561 | $4,211 | $896 | $258 | $388 | $1,757 | $16,235 | ||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $6,380 | $853 | $307 | $1,330 | $3,827 | $597 | $332 | $385 | $2,517 | $16,528 | ||||||||||||||||||||||||||
Charge-Offs | (399 | ) | — | — | — | — | — | — | — | — | (399 | ) | ||||||||||||||||||||||||
Recoveries | 675 | 18 | — | — | 489 | — | — | 2 | — | 1,184 | ||||||||||||||||||||||||||
Provision (benefit) | (359 | ) | (256 | ) | 111 | 36 | (242 | ) | (13 | ) | 13 | (14 | ) | (61 | ) | (785 | ) | |||||||||||||||||||
Balance, end of period | $6,297 | $615 | $418 | $1,366 | $4,074 | $584 | $345 | $373 | $2,456 | $16,528 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Individually evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $150 | $15 | $— | $— | $— | $— | $— | $19 | $— | $184 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Collectively evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $6,147 | $600 | $418 | $1,366 | $4,074 | $584 | $345 | $354 | $2,456 | $16,344 | ||||||||||||||||||||||||||
Nine Months Ended September 30, | 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 | ) | — | — | — | — | — | (52 | ) | (74 | ) | — | (446 | ) | ||||||||||||||||||||||
Recoveries | 889 | 625 | — | — | — | — | — | 29 | — | 1,543 | ||||||||||||||||||||||||||
Provision (benefit) | (933 | ) | (548 | ) | 576 | (22 | ) | (86 | ) | 359 | (4 | ) | 43 | (521 | ) | (1,136 | ) | |||||||||||||||||||
Balance, end of period | $5,415 | $634 | $1,115 | $1,561 | $4,211 | $896 | $266 | $388 | $1,757 | $16,243 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Individually evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $— | $— | $— | $— | $— | $— | $8 | $— | $— | $8 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Collectively evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $5,415 | $634 | $1,115 | $1,561 | $4,211 | $896 | $258 | $388 | $1,757 | $16,235 | ||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $6,308 | $1,029 | $326 | $1,441 | $4,065 | $539 | $344 | $388 | $1,968 | $16,408 | ||||||||||||||||||||||||||
Charge-Offs | (754 | ) | — | — | — | — | — | — | (14 | ) | — | (768 | ) | |||||||||||||||||||||||
Recoveries | 894 | 54 | 78 | — | 489 | — | — | 8 | — | 1,523 | ||||||||||||||||||||||||||
Provision (benefit) | (151 | ) | (468 | ) | 14 | (75 | ) | (480 | ) | 45 | 1 | (9 | ) | 488 | (635 | ) | ||||||||||||||||||||
Balance, end of period | $6,297 | $615 | $418 | $1,366 | $4,074 | $584 | $345 | $373 | $2,456 | $16,528 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Individually evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $150 | $15 | $— | $— | $— | $— | $— | $19 | $— | $184 | ||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Collectively evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $6,147 | $600 | $418 | $1,366 | $4,074 | $584 | $345 | $354 | $2,456 | $16,344 | ||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
Balance, end of period | $317,315 | $40,335 | $66,000 | $118,562 | $281,439 | $51,820 | $32,538 | $33,298 | $941,307 | |||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Individually evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $2,038 | $191 | $788 | $1,980 | $4,737 | $151 | $706 | $— | $10,591 | |||||||||||||||||||||||||||
Balance, end of period: | ||||||||||||||||||||||||||||||||||||
Collectively evaluated | ||||||||||||||||||||||||||||||||||||
for impairment | $315,277 | $40,144 | $65,212 | $116,582 | $276,702 | $51,669 | $31,832 | $33,298 | $930,716 | |||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | ||||||||||||||||||||||||||||||||||||
AQR Special Mention | $— | $— | $— | $— | $— | $— | $— | $— | $— | $— | ||||||||||||||||||||||||||
AQR Substandard | 8 | — | — | — | — | — | — | 8 | — | — | ||||||||||||||||||||||||||
Collectively evaluated for impairment: | ||||||||||||||||||||||||||||||||||||
AQR Pass | 13,415 | 4,594 | 634 | 1,115 | 1,354 | 4,204 | 891 | 252 | 371 | — | ||||||||||||||||||||||||||
AQR Special Mention | 1,039 | 814 | — | — | 207 | 6 | 5 | 6 | 1 | — | ||||||||||||||||||||||||||
AQR Substandard | 24 | 7 | — | — | — | 1 | — | — | 16 | — | ||||||||||||||||||||||||||
Unallocated | 1,757 | — | — | — | — | — | — | — | — | 1,757 | ||||||||||||||||||||||||||
$16,243 | $5,415 | $634 | $1,115 | $1,561 | $4,211 | $896 | $266 | $388 | $1,757 | |||||||||||||||||||||||||||
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) | 9 Months Ended | ||||||||||||||||||||||||||||||
Sep. 30, 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) | September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||
Purchased receivables | $14,811 | $16,298 | |||||||||||||||||||||||||||||
Reserve for purchased receivable losses | (483 | ) | (273 | ) | |||||||||||||||||||||||||||
Total | $14,328 | $16,025 | |||||||||||||||||||||||||||||
Allowance on Net Purchased Receivables | ' | ||||||||||||||||||||||||||||||
The following tables detail activity in the Allowance for the periods indicated: | |||||||||||||||||||||||||||||||
Three Months Ended September 30, | 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 | $5,134 | $570 | $830 | $1,384 | $4,124 | $642 | $272 | $370 | $2,706 | $16,032 | |||||||||||||||||||||
Charge-Offs | — | — | — | — | — | — | (13 | ) | (41 | ) | — | (54 | ) | ||||||||||||||||||
Recoveries | 259 | — | — | — | — | — | — | 6 | — | 265 | |||||||||||||||||||||
Provision (benefit) | 22 | 64 | 285 | 177 | 87 | 254 | 7 | 53 | (949 | ) | — | ||||||||||||||||||||
Balance, end of period | $5,415 | $634 | $1,115 | $1,561 | $4,211 | $896 | $266 | $388 | $1,757 | $16,243 | |||||||||||||||||||||
Balance, end of period: | |||||||||||||||||||||||||||||||
Individually evaluated | |||||||||||||||||||||||||||||||
for impairment | $— | $— | $— | $— | $— | $— | $8 | $— | $— | $8 | |||||||||||||||||||||
Balance, end of period: | |||||||||||||||||||||||||||||||
Collectively evaluated | |||||||||||||||||||||||||||||||
for impairment | $5,415 | $634 | $1,115 | $1,561 | $4,211 | $896 | $258 | $388 | $1,757 | $16,235 | |||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||||
Balance, beginning of period | $6,380 | $853 | $307 | $1,330 | $3,827 | $597 | $332 | $385 | $2,517 | $16,528 | |||||||||||||||||||||
Charge-Offs | (399 | ) | — | — | — | — | — | — | — | — | (399 | ) | |||||||||||||||||||
Recoveries | 675 | 18 | — | — | 489 | — | — | 2 | — | 1,184 | |||||||||||||||||||||
Provision (benefit) | (359 | ) | (256 | ) | 111 | 36 | (242 | ) | (13 | ) | 13 | (14 | ) | (61 | ) | (785 | ) | ||||||||||||||
Balance, end of period | $6,297 | $615 | $418 | $1,366 | $4,074 | $584 | $345 | $373 | $2,456 | $16,528 | |||||||||||||||||||||
Balance, end of period: | |||||||||||||||||||||||||||||||
Individually evaluated | |||||||||||||||||||||||||||||||
for impairment | $150 | $15 | $— | $— | $— | $— | $— | $19 | $— | $184 | |||||||||||||||||||||
Balance, end of period: | |||||||||||||||||||||||||||||||
Collectively evaluated | |||||||||||||||||||||||||||||||
for impairment | $6,147 | $600 | $418 | $1,366 | $4,074 | $584 | $345 | $354 | $2,456 | $16,344 | |||||||||||||||||||||
Nine Months Ended September 30, | 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 | ) | — | — | — | — | — | (52 | ) | (74 | ) | — | (446 | ) | |||||||||||||||||
Recoveries | 889 | 625 | — | — | — | — | — | 29 | — | 1,543 | |||||||||||||||||||||
Provision (benefit) | (933 | ) | (548 | ) | 576 | (22 | ) | (86 | ) | 359 | (4 | ) | 43 | (521 | ) | (1,136 | ) | ||||||||||||||
Balance, end of period | $5,415 | $634 | $1,115 | $1,561 | $4,211 | $896 | $266 | $388 | $1,757 | $16,243 | |||||||||||||||||||||
Balance, end of period: | |||||||||||||||||||||||||||||||
Individually evaluated | |||||||||||||||||||||||||||||||
for impairment | $— | $— | $— | $— | $— | $— | $8 | $— | $— | $8 | |||||||||||||||||||||
Balance, end of period: | |||||||||||||||||||||||||||||||
Collectively evaluated | |||||||||||||||||||||||||||||||
for impairment | $5,415 | $634 | $1,115 | $1,561 | $4,211 | $896 | $258 | $388 | $1,757 | $16,235 | |||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||||
Balance, beginning of period | $6,308 | $1,029 | $326 | $1,441 | $4,065 | $539 | $344 | $388 | $1,968 | $16,408 | |||||||||||||||||||||
Charge-Offs | (754 | ) | — | — | — | — | — | — | (14 | ) | — | (768 | ) | ||||||||||||||||||
Recoveries | 894 | 54 | 78 | — | 489 | — | — | 8 | — | 1,523 | |||||||||||||||||||||
Provision (benefit) | (151 | ) | (468 | ) | 14 | (75 | ) | (480 | ) | 45 | 1 | (9 | ) | 488 | (635 | ) | |||||||||||||||
Balance, end of period | $6,297 | $615 | $418 | $1,366 | $4,074 | $584 | $345 | $373 | $2,456 | $16,528 | |||||||||||||||||||||
Balance, end of period: | |||||||||||||||||||||||||||||||
Individually evaluated | |||||||||||||||||||||||||||||||
for impairment | $150 | $15 | $— | $— | $— | $— | $— | $19 | $— | $184 | |||||||||||||||||||||
Balance, end of period: | |||||||||||||||||||||||||||||||
Collectively evaluated | |||||||||||||||||||||||||||||||
for impairment | $6,147 | $600 | $418 | $1,366 | $4,074 | $584 | $345 | $354 | $2,456 | $16,344 | |||||||||||||||||||||
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 three and nine-month periods ending September 30, 2014 and 2013, respectively: | |||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||
(In Thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||
Balance at beginning of period | $242 | $292 | $273 | $323 | |||||||||||||||||||||||||||
Charge-offs | — | — | (240 | ) | — | ||||||||||||||||||||||||||
Recoveries | — | — | 3 | — | |||||||||||||||||||||||||||
Charge-offs net of recoveries | — | — | (237 | ) | — | ||||||||||||||||||||||||||
Reserve for purchased receivables | 241 | — | 447 | (31 | ) | ||||||||||||||||||||||||||
Balance at end of period | $483 | $292 | $483 | $292 | |||||||||||||||||||||||||||
Derivatives_Tables
Derivatives (Tables) | 9 Months Ended | ||||||||||
Sep. 30, 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 September 30, 2014 and December 31, 2013: | |||||||||||
(In thousands) | Asset Derivatives | ||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||
Balance Sheet Location | Fair Value | Fair Value | |||||||||
Interest rate contracts | Other assets | $46 | $186 | ||||||||
(In thousands) | Liability Derivatives | ||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||
Balance Sheet Location | Fair Value | Fair Value | |||||||||
Interest rate contracts | Other Liabilities | $46 | $186 | ||||||||
Fair_Value_of_Assets_and_Liabi1
Fair Value of Assets and Liabilities (Tables) | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||
Schedule Of Estimated Fair Values | ' | |||||||||||||||||||
Estimated fair values as of the periods indicated are as follows: | ||||||||||||||||||||
September 30, 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 | $129,341 | $129,341 | $99,091 | $99,091 | ||||||||||||||||
Investment securities | 33,558 | 33,558 | 20,487 | 20,487 | ||||||||||||||||
Level 2 inputs: | ||||||||||||||||||||
Investment securities | 209,646 | 209,772 | 232,305 | 232,458 | ||||||||||||||||
Accrued interest receivable | 3,483 | 3,483 | 2,729 | 2,729 | ||||||||||||||||
Interest rate contracts | 46 | 46 | 186 | 186 | ||||||||||||||||
Level 3 inputs: | ||||||||||||||||||||
Loans and loans held for sale, net | 930,741 | 934,696 | 765,035 | 769,570 | ||||||||||||||||
Purchased receivables, net | 14,328 | 14,328 | 16,025 | 16,025 | ||||||||||||||||
Mortgage servicing rights | 1,169 | 1,169 | — | — | ||||||||||||||||
Financial liabilities: | ||||||||||||||||||||
Level 2 inputs: | ||||||||||||||||||||
Deposits | $1,192,367 | $1,192,152 | $1,003,723 | $1,003,816 | ||||||||||||||||
Securities sold under repurchase agreements | 19,931 | 19,931 | 21,143 | 21,143 | ||||||||||||||||
Borrowings | 2,175 | 2,256 | 6,527 | 6,448 | ||||||||||||||||
Accrued interest payable | 55 | 55 | 52 | 52 | ||||||||||||||||
Interest rate contracts | 46 | 46 | 186 | 186 | ||||||||||||||||
Level 3 inputs: | ||||||||||||||||||||
Junior subordinated debentures | 18,558 | 16,368 | 18,558 | 15,456 | ||||||||||||||||
Unrecognized financial instruments: | ||||||||||||||||||||
Commitments to extend credit(1) | $236,807 | $2,368 | $187,931 | $1,879 | ||||||||||||||||
Standby letters of credit(1) | 5,948 | 59 | 6,463 | 65 | ||||||||||||||||
(1) Carrying amounts reflect the notional amount of credit exposure under these financial instruments. | ||||||||||||||||||||
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) | ||||||||||||||||
September 30, 2014 | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Available for sale securities | ||||||||||||||||||||
U.S. Treasury and government sponsored entities | $178,702 | $15,509 | $163,193 | $— | ||||||||||||||||
Municipal securities | 15,223 | — | 15,223 | — | ||||||||||||||||
U.S. Agency mortgage-backed securities | 1,094 | — | 1,094 | — | ||||||||||||||||
Corporate bonds | 39,401 | 14,907 | 24,494 | — | ||||||||||||||||
Preferred stock | 3,142 | 3,142 | — | — | ||||||||||||||||
Total available for sale securities | $237,562 | $33,558 | $204,004 | $— | ||||||||||||||||
Other assets (interest rate contracts and MSR) | $1,215 | $— | $46 | $1,169 | ||||||||||||||||
Liabilities: | ||||||||||||||||||||
Other liabilities (interest rate contracts) | $46 | $— | $46 | $— | ||||||||||||||||
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 | ' | |||||||||||||||||||
As of and for the nine months ending September 30, 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 | |||||||||||||||
September 30, 2014 | ||||||||||||||||||||
Loans measured for impairment | $165 | $— | $— | $165 | ($3 | ) | ||||||||||||||
Other real estate owned | 227 | — | — | 227 | 45 | |||||||||||||||
Total | $392 | $— | $— | $392 | $42 | |||||||||||||||
September 30, 2013 | ||||||||||||||||||||
Loans measured for impairment | $498 | $— | $— | $498 | ($474 | ) | ||||||||||||||
Other real estate owned | 426 | — | — | 426 | 70 | |||||||||||||||
Total | $924 | $— | $— | $924 | ($404 | ) | ||||||||||||||
Business_Combinations_Summary_
Business Combinations - Summary of Fair Value Adjustments (Details) (Alaska Pacific Bank, USD $) | 0 Months Ended | |
In Thousands, unless otherwise specified | Apr. 01, 2014 | Apr. 02, 2014 |
Alaska Pacific Bank | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Cost basis net assets | ' | $14,733 |
Cash payment made | -6,423 | ' |
Common stock issued | -7,446 | ' |
Net loans | -1,137 | ' |
Premises and equipment | 547 | ' |
Other intangible assets | 623 | ' |
Mortgage servicing rights | -119 | ' |
Deposits | -844 | ' |
Other | 234 | ' |
Bargain purchase gain | $168 | ' |
Business_Combinations_Schedule
Business Combinations - Schedule of Assets Acquired and Liabilities Assumed (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 | Apr. 02, 2014 |
In Thousands, unless otherwise specified | Alaska Pacific Bank | ||
Business Acquisition [Line Items] | ' | ' | ' |
Cash and equivalents | ' | ' | $12,956 |
Investment securities | ' | ' | 7,240 |
Net loans | ' | ' | 138,432 |
Premises and equipment | ' | ' | 3,436 |
Other intangibles | ' | ' | 623 |
Mortgage servicing rights | ' | ' | 1,170 |
Other real estate owned | ' | ' | 1,709 |
Other assets | ' | ' | 1,643 |
Total assets acquired | 167,199 | 0 | 167,209 |
Deposits | ' | ' | 151,438 |
Other liabilities | ' | ' | 1,734 |
Total liabilities assumed | $153,172 | $0 | $153,172 |
Business_Combinations_Schedule1
Business Combinations - Schedule of Loans Acquired (Details) (Alaska Pacific Bank, USD $) | Apr. 02, 2014 |
In Thousands, unless otherwise specified | |
Alaska Pacific Bank | ' |
Business Acquisition [Line Items] | ' |
Contractually required principal payments | $133,921 |
Purchase adjustment for credit, interest rate, and liquidity | 612 |
Fair value of purchased non-credit impaired loans | $134,533 |
Business_Combinations_Schedule2
Business Combinations - Schedule of Loans Acquired with Deteriorating Credit Quality (Details) (USD $) | Sep. 30, 2014 | Apr. 02, 2014 |
In Thousands, unless otherwise specified | ||
Business Acquisition [Line Items] | ' | ' |
Fair value of purchased credit impaired loans | $3,600 | $3,900 |
Alaska Pacific Bank | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Contractually required principal payments | ' | 7,553 |
Nonaccretable difference | ' | -3,654 |
Fair value of purchased credit impaired loans | ' | $3,899 |
Business_Combinations_Pro_Form
Business Combinations - Pro Forma Information (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | ||
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items] | ' | ' | ' | ' | ' | ||
Pro Forma Revenue | ' | ' | $50,143 | $42,597 | ' | ||
Net income attributable to Northrim BanCorp | 3,707 | 3,474 | 10,734 | 9,644 | 12,325 | ||
Earnings Per Share, Basic (USD per share) | $0.54 | $0.53 | $1.59 | $1.48 | ' | ||
Earnings Per Share, Diluted (USD per share) | $0.53 | $0.53 | $1.57 | $1.46 | ' | ||
Weighted Average Shares Outstanding, Basic (shares) | 6,831,976 | 6,515,455 | 6,733,175 | 6,514,441 | ' | ||
Weighted Average Shares Outstanding, Diluted (shares) | 6,919,993 | 6,607,201 | 6,822,288 | 6,594,482 | ' | ||
Pro Forma Information, Revenue Since Acquisition | ' | ' | 0 | [1] | -28 | [1] | ' |
Pro Forma Information, Net Income (Loss) since Acquisition, Adjustment | ' | ' | -181 | [2] | 101 | [2] | ' |
Pro Forma Revenue | ' | ' | 52,238 | 50,037 | ' | ||
Pro Forma Net Income (Loss) | ' | ' | 9,271 | 10,026 | ' | ||
Pro Forma Earnings Per Share, Basic (USD per share) | ' | ' | $1.38 | $1.54 | ' | ||
Pro Forma Earnings Per Share, Diluted (USD per share) | ' | ' | $1.36 | $1.52 | ' | ||
Alaska Pacific Bank | ' | ' | ' | ' | ' | ||
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items] | ' | ' | ' | ' | ' | ||
Pro Forma, Interest Income | 4,400 | ' | 2,095 | [3] | 7,468 | [3] | ' |
Pro Forma Information, Net Income (Loss) Since Acquisition | ' | ' | ($1,282) | [3] | $281 | [3] | ' |
[1] | Amount of amortization/ accretion of the fair value adjustments on loans and certificates of deposit. | ||||||
[2] | Amount of amortization/accretion of the fair value adjustments on loans and certificates of deposit, bargain purchase gain, amortization of cored deposit intangible, and the change in the provision for income taxes. | ||||||
[3] | Alaska Pacific represents results from January 1 to March 31 for 2014 and represents results from January 1 to September 30 for 2013. |
Business_Combinations_Narrativ
Business Combinations - Narrative (Details) (USD $) | 3 Months Ended | 9 Months Ended | 0 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | 0 Months Ended | |||||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Apr. 01, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Apr. 02, 2014 | Apr. 02, 2014 | Sep. 30, 2014 | Apr. 01, 2014 | |||
Alaska Pacific Bank | Alaska Pacific Bank | Alaska Pacific Bank | Alaska Pacific Bank | Alaska Pacific Bank | Alaska Pacific Bank | Alaska Pacific Bank | Alaska Pacific Bank | |||||||
purchased_loan | Weighted Average | Professional and Outside Services | Core Deposits | |||||||||||
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Intangible Assets Acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $623,000 | ||
Finite-Lived Intangible Assets, Core Deposit Percentage of Total | ' | ' | ' | ' | 0.50% | ' | ' | ' | ' | ' | ' | ' | ||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Voting interests acquired | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ||
Acquisition cost | ' | ' | ' | ' | 13,900,000 | ' | ' | ' | ' | ' | ' | ' | ||
Number of shares issued | ' | ' | ' | ' | 290,212 | ' | ' | ' | ' | ' | ' | ' | ||
Shares issued (USD per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | $25.66 | ' | ' | ||
Cash payment made | ' | ' | ' | ' | 6,423,000 | ' | ' | ' | ' | ' | ' | ' | ||
Bargain purchase gain | ' | ' | ' | ' | 168,000 | ' | ' | ' | ' | ' | ' | ' | ||
Purchased impaired loans | ' | ' | ' | ' | 18 | ' | ' | ' | ' | ' | ' | ' | ||
Accretable difference on purchased loans | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ||
Merger and acquisition expense | 1,031,000 | 158,000 | 1,736,000 | 160,000 | ' | ' | ' | ' | ' | ' | 1,300,000 | ' | ||
Pro Forma, Interest Income | ' | ' | ' | ' | ' | 4,400,000 | 2,095,000 | [1] | 7,468,000 | [1] | ' | ' | ' | ' |
Noninterest Expense | ' | ' | ' | ' | ' | 2,700,000 | ' | ' | ' | ' | ' | ' | ||
Net Income (Loss) Attributable to Parent | ' | ' | ' | ' | ' | $1,800,000 | ' | ' | ' | ' | ' | ' | ||
[1] | Alaska Pacific represents results from January 1 to March 31 for 2014 and represents results from January 1 to September 30 for 2013. |
Cash_and_Cash_Equivalents_Deta
Cash and Cash Equivalents (Details) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 |
Cash and Due from Banks [Abstract] | ' |
Maturity period of securities at acquisition | '90 days |
Domestic certificates of deposit | $3.50 |
Investment_Securities_Narrativ
Investment Securities - Narrative (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | security | security |
Marketable Securities [Abstract] | ' | ' |
Securities with unrealized losses | 21 | 26 |
Number of securities in unrealized loss position greater than 12 months | 0 | 0 |
Available-for-sale Securities Pledged as Collateral | $53.40 | $46.80 |
Available-for-sale Securities Pledged as Collateral, Percent of Portfolio | 22.00% | 19.00% |
Investment_Securities_Summary_
Investment Securities - Summary Of Investment Security Carrying and Fair Value (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Investment securities held to maturity | $2,202 | $2,208 |
Gross Unrealized Gains | 125 | 153 |
Gross Unrealized Losses | 0 | 0 |
Fair Value | 2,327 | 2,361 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total securities available for sale, Amortized Cost | 236,504 | 247,569 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 1,234 | 1,516 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | 176 | 397 |
Investment securities available for sale | 237,562 | 248,688 |
U.S. Treasury and government sponsored entities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total securities available for sale, Amortized Cost | 178,773 | 168,922 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 94 | 103 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | 165 | 323 |
Investment securities available for sale | 178,702 | 168,702 |
Municipal securities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total securities available for sale, Amortized Cost | 14,893 | 19,825 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 333 | 378 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | 3 | 54 |
Investment securities available for sale | 15,223 | 20,149 |
U.S. Agency mortgage-backed securities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total securities available for sale, Amortized Cost | 1,094 | 25 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 8 | 0 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | 8 | 0 |
Investment securities available for sale | 1,094 | 25 |
Corporate bonds | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total securities available for sale, Amortized Cost | 38,745 | 55,798 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 656 | 1,000 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | 0 | 20 |
Investment securities available for sale | 39,401 | 56,778 |
Preferred stock | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total securities available for sale, Amortized Cost | 2,999 | 2,999 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 143 | 35 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | 0 | 0 |
Investment securities available for sale | 3,142 | 3,034 |
Municipal securities | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Investment securities held to maturity | 2,202 | 2,208 |
Gross Unrealized Gains | 125 | 153 |
Gross Unrealized Losses | 0 | 0 |
Fair Value | $2,327 | $2,361 |
Investment_Securities_Unrealiz
Investment Securities - Unrealized Gain (Loss) on Investments (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than Twelve Months, Fair Value | $111,660 | $134,224 |
Less Than 12 Months Aggregate Losses, Accumulated In Investments | 176 | 397 |
Twelve Months or Longer, Fair Value | 0 | 0 |
12 Months Or Longer, Aggregate Losses Accumulated In Investments | 0 | 0 |
Fair Value | 111,660 | 134,224 |
Accumulated In Investments | 176 | 397 |
U.S. Treasury and government sponsored entities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than Twelve Months, Fair Value | 110,947 | 122,560 |
Less Than 12 Months Aggregate Losses, Accumulated In Investments | 165 | 323 |
Twelve Months or Longer, Fair Value | 0 | 0 |
12 Months Or Longer, Aggregate Losses Accumulated In Investments | 0 | 0 |
Fair Value | 110,947 | 122,560 |
Accumulated In Investments | 165 | 323 |
U.S. Agency mortgage-backed securities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than Twelve Months, Fair Value | 390 | ' |
Less Than 12 Months Aggregate Losses, Accumulated In Investments | 8 | ' |
Twelve Months or Longer, Fair Value | 0 | ' |
12 Months Or Longer, Aggregate Losses Accumulated In Investments | 0 | ' |
Fair Value | 390 | ' |
Accumulated In Investments | 8 | ' |
Municipal securities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than Twelve Months, Fair Value | 323 | 5,613 |
Less Than 12 Months Aggregate Losses, Accumulated In Investments | 3 | 54 |
Twelve Months or Longer, Fair Value | 0 | 0 |
12 Months Or Longer, Aggregate Losses Accumulated In Investments | 0 | 0 |
Fair Value | 323 | 5,613 |
Accumulated In Investments | 3 | 54 |
Corporate bonds | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than Twelve Months, Fair Value | ' | 6,051 |
Less Than 12 Months Aggregate Losses, Accumulated In Investments | ' | 20 |
Twelve Months or Longer, Fair Value | ' | 0 |
12 Months Or Longer, Aggregate Losses Accumulated In Investments | ' | 0 |
Fair Value | ' | 6,051 |
Accumulated In Investments | ' | $20 |
Investment_Securities_Schedule
Investment Securities - Schedule Of Amortized Cost And Fair Value By Contractual Maturity Of Available-For-Sale Securities (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total securities available for sale, Amortized Cost | $236,504 | $247,569 |
U.S. Treasury and government sponsored entities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
1-5 years, Amortized Cost | 178,294 | ' |
5-10 years, Amortized Cost | 479 | ' |
Total securities available for sale, Amortized Cost | 178,773 | 168,922 |
1-5 years, Fair Value | 178,219 | ' |
5-10 years, Fair Value | 483 | ' |
Total securities available for sale, Fair Value | 178,702 | ' |
1-5 years, Weighted Average Yield | 1.07% | ' |
5-10 years, Weighted Average Yield | 2.27% | ' |
Weighted Average Yield, Total | 1.07% | ' |
U.S. Agency mortgage-backed securities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Within 1 year, Amorized Cost | 245 | ' |
1-5 years, Amortized Cost | 81 | ' |
5-10 years, Amortized Cost | 328 | ' |
Over 10 years, Amortized Cost | 440 | ' |
Total securities available for sale, Amortized Cost | 1,094 | 25 |
Within 1 year, Fair Value | 240 | ' |
1-5 years, Fair Value | 84 | ' |
5-10 years, Fair Value | 328 | ' |
Over 10 years, Fair Value | 442 | ' |
Total securities available for sale, Fair Value | 1,094 | ' |
Within 1 year, Weighted Average Yield | 1.85% | ' |
1-5 years, Weighted Average Yield | 2.40% | ' |
5-10 years, Weighted Average Yield | 3.43% | ' |
Over 10 years, Weighted Average Yield | 3.64% | ' |
Weighted Average Yield, Total | 3.08% | ' |
Corporate bonds | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Within 1 year, Amorized Cost | 736 | ' |
1-5 years, Amortized Cost | 36,009 | ' |
5-10 years, Amortized Cost | 2,000 | ' |
Total securities available for sale, Amortized Cost | 38,745 | 55,798 |
Within 1 year, Fair Value | 741 | ' |
1-5 years, Fair Value | 36,641 | ' |
5-10 years, Fair Value | 2,019 | ' |
Total securities available for sale, Fair Value | 39,401 | ' |
Within 1 year, Weighted Average Yield | 0.87% | ' |
1-5 years, Weighted Average Yield | 1.46% | ' |
5-10 years, Weighted Average Yield | 1.04% | ' |
Weighted Average Yield, Total | 1.42% | ' |
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 | 3,142 | ' |
Total securities available for sale, Fair Value | $3,142 | ' |
Over 10 years, Weighted Average Yield | 5.61% | ' |
Weighted Average Yield, Total | 5.61% | ' |
Investment_Securities_Schedule1
Investment Securities - Schedule Of Amortized Cost And Fair Value By Contractual Maturity Of Debt Securities (Details) (Municipal securities, USD $) | Sep. 30, 2014 |
In Thousands, unless otherwise specified | |
Municipal securities | ' |
Schedule Of Debt Securities [Line Items] | ' |
Within 1 year, Amortized Cost | $6,571 |
1-5 years, Amortized Cost | 4,311 |
5-10 years, Amortized Cost | 6,213 |
Total debt securities, Amortized Cost | 17,095 |
Within 1 year, Fair Value | 6,583 |
1-5 years, Fair Value | 4,445 |
5-10 years, Fair Value | 6,522 |
Total debt securities, Fair Value | $17,550 |
Within 1 year, Weighted Average Yield | 0.88% |
1-5 years, Weighted Average Yield | 3.05% |
5-10 years, Weighted Average Yield | 4.43% |
Weighted Average Yield, Total | 2.72% |
Investment_Securities_Schedule2
Investment Securities - Schedule Of Available-For-Sale Securities Proceeds, Gains, And Losses (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Marketable Securities [Abstract] | ' | ' |
Proceeds | $24,102 | $22,013 |
Gross Gains | 465 | 318 |
Gross Losses | $4 | $0 |
Investment_Securities_Summary_1
Investment Securities - Summary Of Interest Income On Available-For-Sale Investment Securities (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total taxable interest income | $1,874 | $1,495 |
Total tax-exempt interest income | 302 | 429 |
Total interest income | 2,176 | 1,924 |
U.S. Treasury and government sponsored entities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total taxable interest income | 1,186 | 638 |
U.S. Agency mortgage-backed securities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total taxable interest income | 17 | 1 |
Other | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total taxable interest income | 671 | 856 |
Municipal securities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total tax-exempt interest income | $302 | $429 |
Loans_Held_for_Sale_Details
Loans Held for Sale (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Loans and Leases Receivable Disclosure [Abstract] | ' | ' |
Purchases of loans held for sale | $117,225 | $125,497 |
Proceeds from the sale of loans held for sale | $118,201 | $123,301 |
Loans_Narrative_Details
Loans - Narrative (Details) (USD $) | 9 Months Ended | 12 Months Ended | 0 Months Ended | |||
Sep. 30, 2014 | Dec. 31, 2013 | Apr. 02, 2014 | Apr. 01, 2014 | Sep. 30, 2014 | Apr. 02, 2014 | |
Contract | Contract | Alaska Pacific Bank | Alaska Pacific Bank | Alaska Pacific Bank | ||
financing_commitment | purchased_loan | |||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' |
Purchased impaired loans | ' | ' | ' | 18 | ' | ' |
Accretable difference on purchased loans | ' | ' | ' | ' | $0 | ' |
Nonaccrual loans | 2,750,000 | 1,815,000 | ' | ' | ' | ' |
Nonperforming loans minimum threshold for individual impairment evaluation | 50,000 | ' | ' | ' | ' | ' |
Recorded investment in loans considered to be impaired | 10,591,000 | 8,751,000 | ' | ' | ' | ' |
Loans classified as troubled debt restructuring | 8,303,000 | 7,900,000 | ' | ' | ' | ' |
Fair value of purchased credit impaired loans | 3,600,000 | ' | 3,900,000 | ' | ' | 3,899,000 |
Number of commitments on TDR | 0 | ' | ' | ' | ' | ' |
TDR Write-downs | $0 | ' | ' | ' | ' | ' |
TDR with specific allowance, Number of Contracts | 0 | 0 | ' | ' | ' | ' |
TDR that Subsequently Defaulted, Number of Contracts | 0 | 0 | ' | ' | ' | ' |
Loans_Loan_Portfolio_Segmented
Loans - Loan Portfolio Segmented By Risk Class (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | $941,307 | $774,037 |
Less: Unearned origination fee, net of origination costs | -4,648 | -4,021 |
Total loans | 936,659 | 770,016 |
Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 920,892 | 751,493 |
Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 15,312 | 18,370 |
Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 5,103 | 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 | 317,315 | 300,338 |
Commercial | Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 311,714 | 293,803 |
Commercial | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 3,889 | 6,022 |
Commercial | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 1,712 | 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 | 40,335 | 30,161 |
Real Estate Construction One-To- Four Family | Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 40,144 | 28,227 |
Real Estate Construction One-To- Four Family | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 0 | 1,934 |
Real Estate Construction One-To- Four Family | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 191 | 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 | 66,000 | 32,599 |
Real Estate Construction Other | Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 65,212 | 31,633 |
Real Estate Construction Other | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 788 | 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 | 118,562 | 91,098 |
Real Estate Term Owner Occupied | Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 111,148 | 84,191 |
Real Estate Term Owner Occupied | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 6,174 | 6,235 |
Real Estate Term Owner Occupied | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 1,240 | 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 | 281,439 | 255,324 |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 276,870 | 251,384 |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 3,432 | 2,620 |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 1,137 | 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 | 51,820 | 29,976 |
Real Estate Term Other | Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 51,087 | 28,684 |
Real Estate Term Other | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 582 | 0 |
Real Estate Term Other | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 151 | 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 | 32,538 | 16,483 |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 31,511 | 15,877 |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 405 | 397 |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 622 | 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 | 33,298 | 18,058 |
Consumer Other | Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 33,206 | 17,694 |
Consumer Other | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 42 | 196 |
Consumer Other | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Subtotal | 50 | 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 $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Nonaccrual Loans By Major Loan Type [Line Items] | ' | ' |
Total | $2,750 | $1,815 |
Commercial | ' | ' |
Nonaccrual Loans By Major Loan Type [Line Items] | ' | ' |
Total | 379 | 222 |
Real Estate Construction One-To- Four Family | ' | ' |
Nonaccrual Loans By Major Loan Type [Line Items] | ' | ' |
Total | 191 | 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 | 370 | 0 |
Real Estate Term Non-Owner Occupied | ' | ' |
Nonaccrual Loans By Major Loan Type [Line Items] | ' | ' |
Total | 1,137 | 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 | 623 | 187 |
Consumer Other | ' | ' |
Nonaccrual Loans By Major Loan Type [Line Items] | ' | ' |
Total | $50 | $119 |
Loans_Past_Due_Loans_And_Nonac
Loans - Past Due Loans And Nonaccrual Loans (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due Still Accruing, Subtotal | $911,000 | $1,057,000 |
60-89 Days Past Due Still Accruing, Subtotal | 190,000 | 0 |
Greater Than 90 Days Still Accruing, Subtotal | 11,000 | 0 |
Nonaccrual loans | 2,750,000 | 1,815,000 |
Total Past Due and Nonaccrual, Subtotal | 3,862,000 | 2,872,000 |
Total Current, Subtotal | 937,445,000 | 771,165,000 |
Total Financing Receivables | 941,307,000 | 774,037,000 |
Less: Unearned origination fee, net of origination costs | -4,648,000 | -4,021,000 |
Total loans | 936,659,000 | 770,016,000 |
Asset Quality Rating - Pass | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due Still Accruing, Subtotal | 731,000 | 672,000 |
60-89 Days Past Due Still Accruing, Subtotal | 190,000 | 0 |
Greater Than 90 Days Still Accruing, Subtotal | 0 | 0 |
Nonaccrual loans | 0 | 127,000 |
Total Past Due and Nonaccrual, Subtotal | 921,000 | 799,000 |
Total Current, Subtotal | 919,971,000 | 750,694,000 |
Total Financing Receivables | 920,892,000 | 751,493,000 |
Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due Still Accruing, Subtotal | 180,000 | 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 | 180,000 | 385,000 |
Total Current, Subtotal | 15,132,000 | 17,985,000 |
Total Financing Receivables | 15,312,000 | 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 | 11,000 | 0 |
Nonaccrual loans | 2,750,000 | 1,688,000 |
Total Past Due and Nonaccrual, Subtotal | 2,761,000 | 1,688,000 |
Total Current, Subtotal | 2,342,000 | 2,486,000 |
Total Financing Receivables | 5,103,000 | 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 | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | $10,426 | ' | $10,426 | ' | $8,565 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 10,583 | ' | 10,583 | ' | 8,989 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 165 | ' | 165 | ' | 186 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 171 | ' | 171 | ' | 186 |
Related Allowance | 8 | ' | 8 | ' | 11 |
Recorded Investment | 10,591 | ' | 10,591 | ' | 8,751 |
Unpaid Principal Balance | 10,754 | ' | 10,754 | ' | 9,175 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 10,923 | 10,776 | 9,742 | 10,461 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 339 | 137 | 607 | 333 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 165 | 605 | 493 | 998 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 6 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 11,088 | 11,381 | 10,235 | 11,512 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 339 | 137 | 613 | 333 | ' |
Commercial | Asset Quality Rating - Pass | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 54 | ' | 54 | ' | 181 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 54 | ' | 54 | ' | 181 |
Related Allowance | 0 | ' | 0 | ' | 0 |
Recorded Investment | 54 | ' | 54 | ' | 181 |
Unpaid Principal Balance | 54 | ' | 54 | ' | 181 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 323 | 183 | 130 | 123 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 4 | 2 | 8 | ' |
Impaired Financing Receivable, Average Recorded Investment | 323 | 183 | 130 | 123 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 1 | 4 | 2 | 8 | ' |
Commercial | Asset Quality Rating - Special Mention | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 355 | ' | 355 | ' | 314 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 355 | ' | 355 | ' | 314 |
Related Allowance | 0 | ' | 0 | ' | 0 |
Recorded Investment | 355 | ' | 355 | ' | 314 |
Unpaid Principal Balance | 355 | ' | 355 | ' | 314 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 358 | 327 | 281 | 381 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 10 | 8 | 20 | 28 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | ' | ' | 61 | 0 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | ' | ' | 6 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 358 | 327 | 342 | 381 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 10 | 8 | 26 | 28 | ' |
Commercial | Asset Quality Rating - Substandard | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 1,629 | ' | 1,629 | ' | 343 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 1,773 | ' | 1,773 | ' | 488 |
Related Allowance | 0 | ' | 0 | ' | 0 |
Recorded Investment | 1,629 | ' | 1,629 | ' | 343 |
Unpaid Principal Balance | 1,773 | ' | 1,773 | ' | 488 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,661 | 646 | 1,538 | 814 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 65 | 5 | 72 | 25 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | ' | ' | 198 | 146 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | ' | ' | 0 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 1,661 | 646 | 1,736 | 960 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 65 | 5 | 72 | 25 | ' |
Commercial | Asset Quality Rating - Doubtful | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 255 | 0 | 86 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 0 | 255 | 0 | 86 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | ' |
Commercial | Asset Quality Rating - Loss | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | ' | ' | 0 | 61 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | ' | ' | 0 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | ' | ' | 0 | 61 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | ' | ' | 0 | 0 | ' |
Real Estate Construction One-To- Four Family | Asset Quality Rating - Pass | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 470 | 0 | 158 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 0 | 470 | 0 | 158 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 0 | 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 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | ' | ' | ' | ' | 353 |
Related Allowance | ' | ' | ' | ' | 0 |
Recorded Investment | ' | ' | ' | ' | 353 |
Unpaid Principal Balance | ' | ' | ' | ' | 353 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 353 | 116 | 431 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 6 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 0 | 353 | 116 | 431 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 0 | 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 | 510 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | ' | ' | 0 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | ' | ' | 0 | 510 | ' |
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 | 2,123 | 0 | 2,371 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 0 | 2,123 | 0 | 2,371 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 0 | 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 | ' | ' | ' | ' | 834 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | ' | ' | ' | ' | 834 |
Related Allowance | ' | ' | ' | ' | 0 |
Recorded Investment | ' | ' | ' | ' | 834 |
Unpaid Principal Balance | ' | ' | ' | ' | 834 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 797 | 271 | 269 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 29 | 29 | 29 | ' |
Impaired Financing Receivable, Average Recorded Investment | 0 | 797 | 271 | 269 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 29 | 29 | 29 | ' |
Real Estate Term Owner Occupied | Asset Quality Rating - Pass | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 504 | ' | 504 | ' | 512 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 504 | ' | 504 | ' | 512 |
Related Allowance | 0 | ' | 0 | ' | 0 |
Recorded Investment | 504 | ' | 504 | ' | 512 |
Unpaid Principal Balance | 504 | ' | 504 | ' | 512 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 505 | 517 | 508 | 347 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 12 | 12 | 39 | 23 | ' |
Impaired Financing Receivable, Average Recorded Investment | 505 | 517 | 508 | 347 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 12 | 12 | 39 | 23 | ' |
Real Estate Term Owner Occupied | Asset Quality Rating - Special Mention | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 275 | ' | 275 | ' | 484 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 275 | ' | 275 | ' | 484 |
Related Allowance | 0 | ' | 0 | ' | 0 |
Recorded Investment | 275 | ' | 275 | ' | 484 |
Unpaid Principal Balance | 275 | ' | 275 | ' | 484 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 276 | 917 | 307 | 980 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 6 | 19 | 15 | 57 | ' |
Impaired Financing Receivable, Average Recorded Investment | 276 | 917 | 307 | 980 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 6 | 19 | 15 | 57 | ' |
Real Estate Term Owner Occupied | Asset Quality Rating - Substandard | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 1,201 | ' | 1,201 | ' | 672 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 1,201 | ' | 1,201 | ' | 672 |
Related Allowance | 0 | ' | 0 | ' | 0 |
Recorded Investment | 1,201 | ' | 1,201 | ' | 672 |
Unpaid Principal Balance | 1,201 | ' | 1,201 | ' | 672 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,218 | 380 | 1,168 | 223 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 24 | 6 | 51 | 6 | ' |
Impaired Financing Receivable, Average Recorded Investment | 1,218 | 380 | 1,168 | 223 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 24 | 6 | 51 | 6 | ' |
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 | 134 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | ' | ' | 0 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | ' | ' | 0 | 134 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | ' | ' | 0 | 0 | ' |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Pass | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 568 | ' | 568 | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 568 | ' | 568 | ' | ' |
Related Allowance | 0 | ' | 0 | ' | ' |
Recorded Investment | 568 | ' | 568 | ' | ' |
Unpaid Principal Balance | 568 | ' | 568 | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 591 | 356 | 607 | 120 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 19 | 6 | 74 | 6 | ' |
Impaired Financing Receivable, Average Recorded Investment | 591 | 356 | 607 | 120 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 19 | 6 | 74 | 6 | ' |
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 | 3,074 | ' | 3,074 | ' | 786 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 3,074 | ' | 3,074 | ' | 786 |
Related Allowance | 0 | ' | 0 | ' | 0 |
Recorded Investment | 3,074 | ' | 3,074 | ' | 786 |
Unpaid Principal Balance | 3,074 | ' | 3,074 | ' | 786 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 3,103 | 816 | 2,447 | 857 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 168 | 23 | 209 | 61 | ' |
Impaired Financing Receivable, Average Recorded Investment | 3,103 | 816 | 2,447 | 857 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 168 | 23 | 209 | 61 | ' |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Substandard | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 1,095 | ' | 1,095 | ' | 955 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 1,095 | ' | 1,095 | ' | 955 |
Related Allowance | 0 | ' | 0 | ' | 0 |
Recorded Investment | 1,095 | ' | 1,095 | ' | 955 |
Unpaid Principal Balance | 1,095 | ' | 1,095 | ' | 955 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,118 | 1,347 | 1,062 | 1,468 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 20 | 0 | 65 | ' |
Impaired Financing Receivable, Average Recorded Investment | 1,118 | 1,347 | 1,062 | 1,468 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 20 | 0 | 65 | ' |
Real Estate Term Other | Asset Quality Rating - Special Mention | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 788 | ' | 788 | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 788 | ' | 788 | ' | ' |
Related Allowance | 0 | ' | 0 | ' | ' |
Recorded Investment | 788 | ' | 788 | ' | ' |
Unpaid Principal Balance | 788 | ' | 788 | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 795 | 0 | 655 | 0 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 30 | 0 | 77 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 795 | 0 | 655 | 0 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 30 | 0 | 77 | 0 | ' |
Real Estate Term Other | Asset Quality Rating - Substandard | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 342 | ' | 342 | ' | 1,292 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 342 | ' | 342 | ' | 1,571 |
Related Allowance | 0 | ' | 0 | ' | 0 |
Recorded Investment | 342 | ' | 342 | ' | 1,292 |
Unpaid Principal Balance | 342 | ' | 342 | ' | 1,571 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 424 | 1,386 | 245 | 1,490 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 3 | 4 | 10 | 17 | ' |
Impaired Financing Receivable, Average Recorded Investment | 424 | 1,386 | 245 | 1,490 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 3 | 4 | 10 | 17 | ' |
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 | 84 | ' | 84 | ' | 88 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 84 | ' | 84 | ' | 88 |
Related Allowance | 0 | ' | 0 | ' | 0 |
Recorded Investment | 84 | ' | 84 | ' | 88 |
Unpaid Principal Balance | 84 | ' | 84 | ' | 88 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 84 | 90 | 85 | 91 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 1 | 3 | 4 | ' |
Impaired Financing Receivable, Average Recorded Investment | 84 | 90 | 85 | 91 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 1 | 1 | 3 | 4 | ' |
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 | 28 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | ' | ' | 0 | 1 | ' |
Impaired Financing Receivable, Average Recorded Investment | ' | ' | 0 | 28 | ' |
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 No Related Allowance, Recorded Investment | 457 | ' | 457 | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 470 | ' | 470 | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 165 | ' | 165 | ' | 186 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 171 | ' | 171 | ' | 186 |
Related Allowance | 8 | ' | 8 | ' | 11 |
Recorded Investment | 622 | ' | 622 | ' | 186 |
Unpaid Principal Balance | 641 | ' | 641 | ' | 186 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 467 | 0 | 284 | 0 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 165 | 192 | 234 | 195 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | ' |
Impaired Financing Receivable, Average Recorded Investment | 632 | 192 | 518 | 195 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | ' |
Consumer Other | Asset Quality Rating - Substandard | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | ' | 0 | ' | 65 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | ' | 0 | ' | 65 |
Related Allowance | 0 | ' | 0 | ' | 0 |
Recorded Investment | 0 | ' | 0 | ' | 65 |
Unpaid Principal Balance | 0 | ' | 0 | ' | 65 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 68 | 38 | 176 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 3 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 158 | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | ' | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | 0 | 226 | 38 | 229 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | $0 | $0 | $0 | $3 | ' |
Loans_Troubled_Debt_Restructur
Loans - Troubled Debt Restructurings (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Dec. 31, 2013 | |
Contract | ||
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 11 | ' |
Pre-Modification Recorded Investment | $4,129,000 | ' |
Post-Modification Recorded Investment | 3,942,000 | ' |
Existing Troubled Debt Restructuring | 4,361,000 | ' |
Loans classified as troubled debt restructuring | 8,303,000 | 7,900,000 |
Rate Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Term Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 256,000 | ' |
Post-Modification Recorded Investment | 253,000 | ' |
Payment Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 113,000 | ' |
Post-Modification Recorded Investment | 111,000 | ' |
Combination Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 3,760,000 | ' |
Post-Modification Recorded Investment | 3,578,000 | ' |
Commercial | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 1 | ' |
Pre-Modification Recorded Investment | 113,000 | ' |
Post-Modification Recorded Investment | 111,000 | ' |
Commercial | Asset Quality Rating - Special Mention | Rate Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Commercial | Asset Quality Rating - Special Mention | Term Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Commercial | Asset Quality Rating - Special Mention | Payment Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 113,000 | ' |
Post-Modification Recorded Investment | 111,000 | ' |
Commercial | Asset Quality Rating - Special Mention | Combination Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Commercial | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 1 | ' |
Pre-Modification Recorded Investment | 256,000 | ' |
Post-Modification Recorded Investment | 253,000 | ' |
Commercial | Asset Quality Rating - Substandard | Rate Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Commercial | Asset Quality Rating - Substandard | Term Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 256,000 | ' |
Post-Modification Recorded Investment | 253,000 | ' |
Commercial | Asset Quality Rating - Substandard | Payment Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Commercial | Asset Quality Rating - Substandard | Combination Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Real Estate Term Owner Occupied | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 2 | ' |
Pre-Modification Recorded Investment | 255,000 | ' |
Post-Modification Recorded Investment | 241,000 | ' |
Real Estate Term Owner Occupied | Asset Quality Rating - Substandard | Rate Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Real Estate Term Owner Occupied | Asset Quality Rating - Substandard | Term Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Real Estate Term Owner Occupied | Asset Quality Rating - Substandard | Payment Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Real Estate Term Owner Occupied | Asset Quality Rating - Substandard | Combination Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 255,000 | ' |
Post-Modification Recorded Investment | 241,000 | ' |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 3 | ' |
Pre-Modification Recorded Investment | 2,181,000 | ' |
Post-Modification Recorded Investment | 2,119,000 | ' |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Special Mention | Rate Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Special Mention | Term Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Special Mention | Payment Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Special Mention | Combination Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 2,181,000 | ' |
Post-Modification Recorded Investment | 2,119,000 | ' |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 3 | ' |
Pre-Modification Recorded Investment | 1,191,000 | ' |
Post-Modification Recorded Investment | 1,094,000 | ' |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Substandard | Rate Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Substandard | Term Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Substandard | Payment Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Substandard | Combination Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 1,191,000 | ' |
Post-Modification Recorded Investment | 1,094,000 | ' |
Real Estate Term Other | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Recorded Investment | 0 | ' |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 1 | ' |
Pre-Modification Recorded Investment | 133,000 | ' |
Post-Modification Recorded Investment | 124,000 | ' |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Substandard | Rate Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Substandard | Term Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Substandard | Payment Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 0 | ' |
Post-Modification Recorded Investment | 0 | ' |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Substandard | Combination Modification | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Pre-Modification Recorded Investment | 133,000 | ' |
Post-Modification Recorded Investment | 124,000 | ' |
Loans with Accrual Status | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Recorded Investment | 2,483,000 | ' |
Existing Troubled Debt Restructuring | 4,170,000 | ' |
Loans classified as troubled debt restructuring | 6,653,000 | ' |
Loans with Accrual Status | Commercial | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Recorded Investment | 111,000 | ' |
Loans with Accrual Status | Commercial | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Recorded Investment | 253,000 | ' |
Loans with Accrual Status | Real Estate Term Owner Occupied | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Recorded Investment | 0 | ' |
Loans with Accrual Status | Real Estate Term Non-Owner Occupied | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Recorded Investment | 2,119,000 | ' |
Loans with Accrual Status | Real Estate Term Non-Owner Occupied | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Recorded Investment | 0 | ' |
Loans with Accrual Status | Real Estate Term Other | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Recorded Investment | 0 | ' |
Loans with Accrual Status | Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Recorded Investment | 0 | ' |
Loans with Non-Accrual Status | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Recorded Investment | 1,459,000 | ' |
Existing Troubled Debt Restructuring | 191,000 | ' |
Loans classified as troubled debt restructuring | 1,650,000 | ' |
Loans with Non-Accrual Status | Commercial | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Recorded Investment | 0 | ' |
Loans with Non-Accrual Status | Commercial | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Recorded Investment | 0 | ' |
Loans with Non-Accrual Status | Real Estate Term Owner Occupied | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Recorded Investment | 241,000 | ' |
Loans with Non-Accrual Status | Real Estate Term Non-Owner Occupied | Asset Quality Rating - Special Mention | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Recorded Investment | 0 | ' |
Loans with Non-Accrual Status | Real Estate Term Non-Owner Occupied | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Recorded Investment | 1,094,000 | ' |
Loans with Non-Accrual Status | Real Estate Term Other | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Recorded Investment | 0 | ' |
Loans with Non-Accrual Status | Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Substandard | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Recorded Investment | $124,000 | ' |
Allowance_for_Loan_Losses_Allo
Allowance for Loan Losses - Allowance For Loan Losses (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Balance, beginning of period | $16,032 | $16,528 | $16,282 | $16,408 |
Charge-Offs | -54 | -399 | -446 | -768 |
Recoveries | 265 | 1,184 | 1,543 | 1,523 |
Provision (benefit) | 0 | -785 | -1,136 | -635 |
Balance, end of period | 16,243 | 16,528 | 16,243 | 16,528 |
Balance, end of period: Individually evaluated for impairment | 8 | 184 | 8 | 184 |
Balance, end of period: Collectively evaluated for impairment | 16,235 | 16,344 | 16,235 | 16,344 |
Commercial | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Balance, beginning of period | 5,134 | 6,380 | 5,779 | 6,308 |
Charge-Offs | 0 | -399 | -320 | -754 |
Recoveries | 259 | 675 | 889 | 894 |
Provision (benefit) | 22 | -359 | -933 | -151 |
Balance, end of period | 5,415 | 6,297 | 5,415 | 6,297 |
Balance, end of period: Individually evaluated for impairment | 0 | 150 | 0 | 150 |
Balance, end of period: Collectively evaluated for impairment | 5,415 | 6,147 | 5,415 | 6,147 |
Real Estate Construction One-To- Four Family | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Balance, beginning of period | 570 | 853 | 557 | 1,029 |
Charge-Offs | 0 | 0 | 0 | 0 |
Recoveries | 0 | 18 | 625 | 54 |
Provision (benefit) | 64 | -256 | -548 | -468 |
Balance, end of period | 634 | 615 | 634 | 615 |
Balance, end of period: Individually evaluated for impairment | 0 | 15 | 0 | 15 |
Balance, end of period: Collectively evaluated for impairment | 634 | 600 | 634 | 600 |
Real Estate Construction Other | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Balance, beginning of period | 830 | 307 | 539 | 326 |
Charge-Offs | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 78 |
Provision (benefit) | 285 | 111 | 576 | 14 |
Balance, end of period | 1,115 | 418 | 1,115 | 418 |
Balance, end of period: Individually evaluated for impairment | 0 | 0 | 0 | 0 |
Balance, end of period: Collectively evaluated for impairment | 1,115 | 418 | 1,115 | 418 |
Real Estate Term Owner Occupied | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Balance, beginning of period | 1,384 | 1,330 | 1,583 | 1,441 |
Charge-Offs | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Provision (benefit) | 177 | 36 | -22 | -75 |
Balance, end of period | 1,561 | 1,366 | 1,561 | 1,366 |
Balance, end of period: Individually evaluated for impairment | 0 | 0 | 0 | 0 |
Balance, end of period: Collectively evaluated for impairment | 1,561 | 1,366 | 1,561 | 1,366 |
Real Estate Term Non-Owner Occupied | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Balance, beginning of period | 4,124 | 3,827 | 4,297 | 4,065 |
Charge-Offs | 0 | 0 | 0 | 0 |
Recoveries | 0 | 489 | 0 | 489 |
Provision (benefit) | 87 | -242 | -86 | -480 |
Balance, end of period | 4,211 | 4,074 | 4,211 | 4,074 |
Balance, end of period: Individually evaluated for impairment | 0 | 0 | 0 | 0 |
Balance, end of period: Collectively evaluated for impairment | 4,211 | 4,074 | 4,211 | 4,074 |
Real Estate Term Other | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Balance, beginning of period | 642 | 597 | 537 | 539 |
Charge-Offs | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Provision (benefit) | 254 | -13 | 359 | 45 |
Balance, end of period | 896 | 584 | 896 | 584 |
Balance, end of period: Individually evaluated for impairment | 0 | 0 | 0 | 0 |
Balance, end of period: Collectively evaluated for impairment | 896 | 584 | 896 | 584 |
Consumer Secured By 1st Deed Of Trust | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Balance, beginning of period | 272 | 332 | 322 | 344 |
Charge-Offs | -13 | 0 | -52 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Provision (benefit) | 7 | 13 | -4 | 1 |
Balance, end of period | 266 | 345 | 266 | 345 |
Balance, end of period: Individually evaluated for impairment | 8 | 0 | 8 | 0 |
Balance, end of period: Collectively evaluated for impairment | 258 | 345 | 258 | 345 |
Consumer Other | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Balance, beginning of period | 370 | 385 | 390 | 388 |
Charge-Offs | -41 | 0 | -74 | -14 |
Recoveries | 6 | 2 | 29 | 8 |
Provision (benefit) | 53 | -14 | 43 | -9 |
Balance, end of period | 388 | 373 | 388 | 373 |
Balance, end of period: Individually evaluated for impairment | 0 | 19 | 0 | 19 |
Balance, end of period: Collectively evaluated for impairment | 388 | 354 | 388 | 354 |
Unallocated | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Balance, beginning of period | 2,706 | 2,517 | 2,278 | 1,968 |
Charge-Offs | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Provision (benefit) | -949 | -61 | -521 | 488 |
Balance, end of period | 1,757 | 2,456 | 1,757 | 2,456 |
Balance, end of period: Individually evaluated for impairment | 0 | 0 | 0 | 0 |
Balance, end of period: Collectively evaluated for impairment | $1,757 | $2,456 | $1,757 | $2,456 |
Allowance_for_Loan_Losses_Reco
Allowance for Loan Losses - Recorded Investment Segregated By Amounts Individually Or Collectively In Allowance For Loan Losses (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total Financing Receivables | $941,307 | $774,037 |
Balance, end of period: Individually evaluated for impairment | 10,591 | 8,751 |
Balance, end of period: Collectively evaluated for impairment | 930,716 | 765,286 |
Commercial | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total Financing Receivables | 317,315 | 300,338 |
Balance, end of period: Individually evaluated for impairment | 2,038 | 838 |
Balance, end of period: Collectively evaluated for impairment | 315,277 | 299,500 |
Real Estate Construction One-To- Four Family | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total Financing Receivables | 40,335 | 30,161 |
Balance, end of period: Individually evaluated for impairment | 191 | 353 |
Balance, end of period: Collectively evaluated for impairment | 40,144 | 29,808 |
Real Estate Construction Other | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total Financing Receivables | 66,000 | 32,599 |
Balance, end of period: Individually evaluated for impairment | 788 | 2,520 |
Balance, end of period: Collectively evaluated for impairment | 65,212 | 30,079 |
Real Estate Term Owner Occupied | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total Financing Receivables | 118,562 | 91,098 |
Balance, end of period: Individually evaluated for impairment | 1,980 | 1,668 |
Balance, end of period: Collectively evaluated for impairment | 116,582 | 89,430 |
Real Estate Term Non-Owner Occupied | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total Financing Receivables | 281,439 | 255,324 |
Balance, end of period: Individually evaluated for impairment | 4,737 | 1,741 |
Balance, end of period: Collectively evaluated for impairment | 276,702 | 253,583 |
Real Estate Term Other | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total Financing Receivables | 51,820 | 29,976 |
Balance, end of period: Individually evaluated for impairment | 151 | 1,292 |
Balance, end of period: Collectively evaluated for impairment | 51,669 | 28,684 |
Consumer Secured By 1st Deed Of Trust | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total Financing Receivables | 32,538 | 16,483 |
Balance, end of period: Individually evaluated for impairment | 706 | 274 |
Balance, end of period: Collectively evaluated for impairment | 31,832 | 16,209 |
Consumer Other | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total Financing Receivables | 33,298 | 18,058 |
Balance, end of period: Individually evaluated for impairment | 0 | 65 |
Balance, end of period: Collectively evaluated for impairment | $33,298 | $17,993 |
Allowance_for_Loan_Losses_Bala
Allowance for Loan Losses - Balance Of The Allowance Segregated By Segment And Class (Details) (USD $) | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | $8 | ' | ' | $184 | ' | ' |
Collectively evaluated for impairment | 16,235 | ' | ' | 16,344 | ' | ' |
Total | 16,243 | 16,032 | 16,282 | 16,528 | 16,528 | 16,408 |
Asset Quality Rating - Pass | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Collectively evaluated for impairment | 13,415 | ' | 13,325 | ' | ' | ' |
Asset Quality Rating - Special Mention | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | ' | ' | ' | ' |
Collectively evaluated for impairment | 1,039 | ' | 586 | ' | ' | ' |
Asset Quality Rating - Substandard | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 8 | ' | 11 | ' | ' | ' |
Collectively evaluated for impairment | 24 | ' | 82 | ' | ' | ' |
Unallocated | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Collectively evaluated for impairment | 1,757 | ' | 2,278 | ' | ' | ' |
Commercial | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | ' | 150 | ' | ' |
Collectively evaluated for impairment | 5,415 | ' | ' | 6,147 | ' | ' |
Total | 5,415 | 5,134 | 5,779 | 6,297 | 6,380 | 6,308 |
Commercial | Asset Quality Rating - Pass | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Collectively evaluated for impairment | 4,594 | ' | 5,482 | ' | ' | ' |
Commercial | Asset Quality Rating - Special Mention | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | ' | ' | ' | ' |
Collectively evaluated for impairment | 814 | ' | 278 | ' | ' | ' |
Commercial | Asset Quality Rating - Substandard | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | 0 | ' | ' | ' |
Collectively evaluated for impairment | 7 | ' | 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 | ' | ' | 15 | ' | ' |
Collectively evaluated for impairment | 634 | ' | ' | 600 | ' | ' |
Total | 634 | 570 | 557 | 615 | 853 | 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 | 634 | ' | 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 | 1,115 | ' | ' | 418 | ' | ' |
Total | 1,115 | 830 | 539 | 418 | 307 | 326 |
Real Estate Construction Other | Asset Quality Rating - Pass | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Collectively evaluated for impairment | 1,115 | ' | 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 | 1,561 | ' | ' | 1,366 | ' | ' |
Total | 1,561 | 1,384 | 1,583 | 1,366 | 1,330 | 1,441 |
Real Estate Term Owner Occupied | Asset Quality Rating - Pass | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Collectively evaluated for impairment | 1,354 | ' | 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 | 207 | ' | 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 | 4,211 | ' | ' | 4,074 | ' | ' |
Total | 4,211 | 4,124 | 4,297 | 4,074 | 3,827 | 4,065 |
Real Estate Term Non-Owner Occupied | Asset Quality Rating - Pass | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Collectively evaluated for impairment | 4,204 | ' | 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 | 6 | ' | 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 | 1 | ' | 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 | 896 | ' | ' | 584 | ' | ' |
Total | 896 | 642 | 537 | 584 | 597 | 539 |
Real Estate Term Other | Asset Quality Rating - Pass | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Collectively evaluated for impairment | 891 | ' | 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 | 8 | ' | ' | 0 | ' | ' |
Collectively evaluated for impairment | 258 | ' | ' | 345 | ' | ' |
Total | 266 | 272 | 322 | 345 | 332 | 344 |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Pass | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Collectively evaluated for impairment | 252 | ' | 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 | 6 | ' | 36 | ' | ' | ' |
Consumer Secured By 1st Deed Of Trust | Asset Quality Rating - Substandard | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 8 | ' | 11 | ' | ' | ' |
Collectively evaluated for impairment | 0 | ' | 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 | ' | ' | 19 | ' | ' |
Collectively evaluated for impairment | 388 | ' | ' | 354 | ' | ' |
Total | 388 | 370 | 390 | 373 | 385 | 388 |
Consumer Other | Asset Quality Rating - Pass | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Collectively evaluated for impairment | 371 | ' | 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 | 1 | ' | 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 | 16 | ' | 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 | 1,757 | ' | ' | 2,456 | ' | ' |
Total | 1,757 | 2,706 | 2,278 | 2,456 | 2,517 | 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 | $1,757 | ' | $2,278 | ' | ' | ' |
Purchased_Receivables_Narrativ
Purchased Receivables - Narrative (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
purchased_receivable | purchased_receivable | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Number of segments and classes of purchased receivables | 1 | ' | 1 | ' | ' |
Allowance for purchased receivables | $54,000 | $399,000 | $446,000 | $768,000 | ' |
Purchased receivables past due | 3,862,000 | ' | 3,862,000 | ' | 2,872,000 |
Loans classified as troubled debt restructuring | 8,303,000 | ' | 8,303,000 | ' | 7,900,000 |
Purchased Receivable | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Number of purchased receivables past due | ' | ' | 1 | ' | 0 |
Allowance for purchased receivables | 0 | 0 | 240,000 | 0 | ' |
Purchased receivables past due | 243,000 | ' | 243,000 | ' | 0 |
Loans classified as troubled debt restructuring | 0 | ' | 0 | ' | 0 |
Partial Loan | Purchased Receivable | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Allowance for purchased receivables | ' | ' | 215,000 | ' | ' |
Full Loan | Purchased Receivable | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Allowance for purchased receivables | ' | ' | $25,000 | ' | ' |
Purchased_Receivables_Summary_
Purchased Receivables - Summary of Components of Net Purchased Receivables (Details) (USD $) | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||||
Purchased Receivables [Abstract] | ' | ' | ' | ' | ' | ' |
Purchased receivables | $14,811 | ' | $16,298 | ' | ' | ' |
Reserve for purchased receivable losses | -483 | -242 | -273 | -292 | -292 | -323 |
Total | $14,328 | ' | $16,025 | ' | ' | ' |
Purchased_Receivables_Allowanc
Purchased Receivables - Allowance on Net Purchase Receivables (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Purchased Receivable Allowance for Loan Loss Reserve [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | $242 | $292 | $273 | $323 |
Charge-offs | -54 | -399 | -446 | -768 |
Balance at end of period | 483 | 292 | 483 | 292 |
Purchased Receivable | ' | ' | ' | ' |
Purchased Receivable Allowance for Loan Loss Reserve [Roll Forward] | ' | ' | ' | ' |
Charge-offs | 0 | 0 | -240 | 0 |
Recoveries | 0 | 0 | 3 | 0 |
Charge-offs net of recoveries | 0 | 0 | -237 | 0 |
Reserve for purchased receivables | $241 | $0 | $447 | ($31) |
Goodwill_and_Intangible_Assets1
Goodwill and Intangible Assets - Narrative (Details) (Alaska Pacific Bank, Core Deposits, USD $) | 0 Months Ended |
In Thousands, unless otherwise specified | Apr. 01, 2014 |
Alaska Pacific Bank | Core Deposits | ' |
Finite-Lived Intangible Assets [Line Items] | ' |
Intangible Assets Acquired | $623 |
Useful Life of Intangible Assets | '10 years |
Deposit_Activities_Narrative_D
Deposit Activities - Narrative (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Deposits [Abstract] | ' | ' |
Deposits | $1,192,367,000 | $1,003,723,000 |
Certificates of deposit | 108,600,000 | 86,200,000 |
CD maturities over next twelve months | $86,500,000 | $55,400,000 |
CD maturities over next twelve months, percent | 80.00% | 64.00% |
Derivatives_Narrative_Details
Derivatives - Narrative (Details) (USD $) | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Collateral requirement threshold | $250,000 | ' | ' |
Derivative notional amount | 24,200,000 | ' | 25,800,000 |
Derivative fee income | 0 | 138,000 | ' |
Variable to Fixed | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Derivative notional amount | 12,100,000 | ' | ' |
Number of derivatives | 2 | ' | ' |
Fixed to Variable | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Derivative notional amount | $12,100,000 | ' | ' |
Number of derivatives | 2 | ' | ' |
Derivatives_Schedule_of_Deriva
Derivatives - Schedule of Derivative Instruments (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Derivatives, Fair Value [Line Items] | ' | ' |
Other liabilities (interest rate contracts) | $46 | $186 |
Other assets (interest rate contracts and MSR) | 1,215 | 186 |
Interest Rate Swap | Other Assets | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Other assets (interest rate contracts and MSR) | 46 | 186 |
Interest Rate Swap | Other Liabilities | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Other liabilities (interest rate contracts) | $46 | $186 |
Stock_Incentive_Plan_Narrative
Stock Incentive Plan - Narrative (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Shares of authorized stock for stock incentive plan | 350,000 | ' | 350,000 | ' |
Stock-based compensation expense | ' | ' | $254 | $391 |
Options granted | 0 | ' | ' | ' |
Stock Options And Restricted Stock Units | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Proceeds from exercise of stock options | 331 | 47 | 395 | 165 |
Shares withheld for stock option exercises and related income taxes | 320 | 46 | 320 | 170 |
Stock Options | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Share based compensation options contractual term | ' | ' | '10 years | ' |
Stock incentive plan vesting period, years | ' | ' | '3 years | ' |
Stock-based compensation expense | 16 | 37 | 49 | 71 |
Restricted Stock Units | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Stock incentive plan vesting period, years | ' | ' | '3 years | ' |
Stock-based compensation expense | $48 | $127 | $205 | $320 |
Restricted units granted | ' | ' | 0 | ' |
Fair_Value_of_Assets_and_Liabi2
Fair Value of Assets and Liabilities - Schedule Of Estimated Fair Values (Details) (USD $) | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 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 and MSR) | $1,215 | $186 | ||
Purchased receivables, net | 14,328 | 16,025 | ||
Other liabilities (interest rate contracts) | 46 | 186 | ||
Commitments to extend credit | 2,368 | [1] | 1,879 | [1] |
Standby letters of credit | 59 | [1] | 65 | [1] |
Carrying Amount | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Commitments to extend credit | 236,807 | [1] | 187,931 | [1] |
Standby letters of credit | 5,948 | [1] | 6,463 | [1] |
Level 1 inputs: | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Cash, due from banks and deposits in other banks | 129,341 | 99,091 | ||
Investment securities | 33,558 | 20,487 | ||
Other assets (interest rate contracts and MSR) | 0 | 0 | ||
Other liabilities (interest rate contracts) | ' | ' | ||
Level 1 inputs: | Carrying Amount | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Cash, due from banks and deposits in other banks | 129,341 | 99,091 | ||
Investment securities | 33,558 | 20,487 | ||
Level 2 inputs: | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities | 209,772 | 232,458 | ||
Accrued interest receivable | 3,483 | 2,729 | ||
Other assets (interest rate contracts and MSR) | 46 | 186 | ||
Deposits | 1,192,152 | 1,003,816 | ||
Securities sold under repurchase agreements | 19,931 | 21,143 | ||
Borrowings | 2,256 | 6,448 | ||
Accrued interest payable | 55 | 52 | ||
Other liabilities (interest rate contracts) | 46 | 186 | ||
Level 2 inputs: | Carrying Amount | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities | 209,646 | 232,305 | ||
Accrued interest receivable | 3,483 | 2,729 | ||
Other assets (interest rate contracts and MSR) | 46 | 186 | ||
Deposits | 1,192,367 | 1,003,723 | ||
Securities sold under repurchase agreements | 19,931 | 21,143 | ||
Borrowings | 2,175 | 6,527 | ||
Accrued interest payable | 55 | 52 | ||
Other liabilities (interest rate contracts) | 46 | 186 | ||
Level 3 inputs: | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Other assets (interest rate contracts and MSR) | 1,169 | 0 | ||
Loans and loans held for sale, net | 934,696 | 769,570 | ||
Purchased receivables, net | 14,328 | 16,025 | ||
Mortgage servicing rights | 1,169 | 0 | ||
Other liabilities (interest rate contracts) | ' | ' | ||
Junior subordinated debentures | 16,368 | 15,456 | ||
Level 3 inputs: | Carrying Amount | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Loans and loans held for sale, net | 930,741 | 765,035 | ||
Purchased receivables, net | 14,328 | 16,025 | ||
Mortgage servicing rights | 1,169 | 0 | ||
Junior subordinated debentures | $18,558 | $18,558 | ||
[1] | Carrying amounts reflect the notional amount of credit exposure under these financial instruments. |
Fair_Value_of_Assets_and_Liabi3
Fair Value of Assets and Liabilities - Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis (Details) (USD $) | Sep. 30, 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 | $237,562 | $248,688 |
Other assets (interest rate contracts and MSR) | 1,215 | 186 |
Other liabilities (interest rate contracts) | 46 | 186 |
Level 1 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 33,558 | 20,487 |
Other assets (interest rate contracts and MSR) | 0 | 0 |
Other liabilities (interest rate contracts) | ' | ' |
Level 2 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 204,004 | 228,201 |
Other assets (interest rate contracts and MSR) | 46 | 186 |
Other liabilities (interest rate contracts) | 46 | 186 |
Level 3 inputs: | ' | ' |
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 and MSR) | 1,169 | 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 | 178,702 | 168,702 |
U.S. Treasury and government sponsored entities | Level 1 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 15,509 | 5,538 |
U.S. Treasury and government sponsored entities | Level 2 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 163,193 | 163,164 |
U.S. Treasury and government sponsored entities | Level 3 inputs: | ' | ' |
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 | 15,223 | 20,149 |
Municipal securities | Level 1 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 419 |
Municipal securities | Level 2 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 15,223 | 19,730 |
Municipal securities | Level 3 inputs: | ' | ' |
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 | 1,094 | 25 |
U.S. Agency mortgage-backed securities | Level 1 inputs: | ' | ' |
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 | Level 2 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 1,094 | 25 |
U.S. Agency mortgage-backed securities | Level 3 inputs: | ' | ' |
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 | 39,401 | 56,778 |
Corporate bonds | Level 1 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 14,907 | 11,496 |
Corporate bonds | Level 2 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 24,494 | 45,282 |
Corporate bonds | Level 3 inputs: | ' | ' |
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 | 3,142 | 3,034 |
Preferred stock | Level 1 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 3,142 | 3,034 |
Preferred stock | Level 2 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Preferred stock | Level 3 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | $0 | $0 |
Fair_Value_of_Assets_and_Liabi4
Fair Value of Assets and Liabilities - Schedule Of Asset Impairment Or Valuation Adjustment Recognized At Fair Value On A Nonrecurring Basis (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Nonrecurring assets | $392 | $924 |
Nonrecurring asset, (gain) loss | -42 | 404 |
Level 1 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Nonrecurring assets | 0 | 0 |
Level 2 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Nonrecurring assets | 0 | 0 |
Level 3 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Nonrecurring assets | 392 | 924 |
Loans measured for impairment | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Nonrecurring assets | 165 | 498 |
Nonrecurring asset, (gain) loss | 3 | 474 |
Loans measured for impairment | Level 1 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Nonrecurring assets | 0 | 0 |
Loans measured for impairment | Level 2 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Nonrecurring assets | 0 | 0 |
Loans measured for impairment | Level 3 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Nonrecurring assets | 165 | 498 |
Other real estate owned | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Nonrecurring assets | 227 | 426 |
Nonrecurring asset, (gain) loss | -45 | -70 |
Other real estate owned | Level 1 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Nonrecurring assets | 0 | 0 |
Other real estate owned | Level 2 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Nonrecurring assets | 0 | 0 |
Other real estate owned | Level 3 inputs: | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Nonrecurring assets | $227 | $426 |