Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 04, 2014 | Jun. 30, 2013 | |
Document Information [Line Items] | ' | ' | ' |
Entity Registrant Name | 'WEST BANCORPORATION INC | ' | ' |
Entity Central Index Key | '0001166928 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Document Type | '10-K | ' | ' |
Document Period Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Amendment Flag | 'false | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 15,976,204 | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Public Float | ' | ' | $183,532,991 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $41,126 | $60,417 |
Federal funds sold and other short-term investments | 1,299 | 111,057 |
Cash and cash equivalents | 42,425 | 171,474 |
Investment securities available for sale | 345,216 | 292,314 |
Federal Home Loan Bank stock, at cost | 11,851 | 11,789 |
Loans held for sale | 2,230 | 3,363 |
Loans | 991,720 | 927,401 |
Allowance for loan losses | -13,791 | -15,529 |
Loans, net | 977,929 | 911,872 |
Premises and equipment, net | 7,487 | 5,609 |
Accrued interest receivable | 4,007 | 3,652 |
Bank-owned life insurance | 26,376 | 25,730 |
Other real estate owned | 5,800 | 8,304 |
Deferred tax assets, net | 9,193 | 6,991 |
Other assets | 9,890 | 7,077 |
Total assets | 1,442,404 | 1,448,175 |
LIABILITIES | ' | ' |
Noninterest-bearing demand | 332,230 | 367,281 |
Interest-bearing demand | 233,613 | 160,745 |
Savings | 451,855 | 428,710 |
Time of $100,000 or more | 83,653 | 100,627 |
Other time | 62,491 | 77,213 |
Total deposits | 1,163,842 | 1,134,576 |
Federal funds purchased and securities sold under agreements to repurchase | 16,622 | 55,596 |
Subordinated notes | 20,619 | 20,619 |
Federal Home Loan Bank advances, net of discount | 95,392 | 93,890 |
Long-term debt | 15,935 | 0 |
Accrued expenses and other liabilities | 6,369 | 8,907 |
Total liabilities | 1,318,779 | 1,313,588 |
STOCKHOLDERS' EQUITY | ' | ' |
Preferred stock, $0.01 par value, authorized 50,000,000 shares; no shares issued and outstanding at December 31, 2013 and 2012 | 0 | 0 |
Common stock, no par value; authorized 50,000,000 shares; 15,976,204 and 17,403,882 shares issued and outstanding at December 31, 2013 and 2012, respectively | 3,000 | 3,000 |
Additional paid-in capital | 18,411 | 33,805 |
Retained earnings | 105,752 | 95,856 |
Accumulated other comprehensive income (loss) | -3,538 | 1,926 |
Total stockholders' equity | 123,625 | 134,587 |
Total liabilities and stockholders' equity | $1,442,404 | $1,448,175 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Preferred Stock: | ' | ' |
Preferred stock, par value ($ per share) | $0.01 | $0.01 |
Preferred stock, shares authorized | 50,000,000 | 50,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common Stock: | ' | ' |
Common stock, par value ($ per share) | ' | ' |
Common stock, share authorized | 50,000,000 | 50,000,000 |
Common stock, share issued | 15,976,204 | 17,403,882 |
Common stock, share outstanding | 15,976,204 | 17,403,882 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 12 Months Ended | |||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Interest income: | ' | ' | ' | |||
Loans, including fees | $44,992 | $44,277 | $46,640 | |||
Investment securities: | ' | ' | ' | |||
Taxable securities | 5,173 | 4,240 | 4,193 | |||
Tax-exempt securities | 2,457 | 1,954 | 2,252 | |||
Federal funds sold and other short-term investments | 119 | 191 | 234 | |||
Total interest income | 52,741 | 50,662 | 53,319 | |||
Interest expense: | ' | ' | ' | |||
Deposits | 3,413 | 4,535 | 6,941 | |||
Federal funds purchased and securities sold under agreements to repurchase | 85 | 114 | 174 | |||
Other short-term borrowings | 4 | 0 | 0 | |||
Subordinated notes | 711 | 751 | 715 | |||
Federal Home Loan Bank advances | 2,657 | 4,064 | 4,087 | |||
Long-term debt | 188 | 0 | 0 | |||
Total interest expense | 7,058 | 9,464 | 11,917 | |||
Net interest income | 45,683 | 41,198 | 41,402 | |||
Provision for loan losses | -850 | [1] | 625 | [1] | 550 | [1] |
Net interest income after provision for loan losses | 46,533 | 40,573 | 40,852 | |||
Noninterest income: | ' | ' | ' | |||
Service charges on deposit accounts | 2,923 | 3,009 | 3,244 | |||
Debit card usage fees | 1,787 | 1,586 | 1,453 | |||
Trust services | 997 | 817 | 792 | |||
Gains and fees on sales of residential mortgages | 1,275 | 3,104 | 1,454 | |||
Increase in cash value of bank-owned life insurance | 646 | 737 | 884 | |||
Gain from bank-owned life insurance | 0 | 841 | 637 | |||
Investment securities impairment losses | 0 | -203 | -99 | |||
Realized investment securities gains, net | 0 | 246 | 0 | |||
Other income | 875 | 857 | 996 | |||
Total noninterest income | 8,503 | 10,994 | 9,361 | |||
Noninterest expense: | ' | ' | ' | |||
Salaries and employee benefits | 15,757 | 14,532 | 13,194 | |||
Occupancy | 3,906 | 3,519 | 3,342 | |||
Data processing | 2,030 | 2,070 | 1,921 | |||
FDIC insurance expense | 733 | 672 | 1,298 | |||
Other real estate owned expense | 1,359 | 1,491 | 2,883 | |||
Professional fees | 1,200 | 1,064 | 878 | |||
Miscellaneous losses | 736 | 195 | 455 | |||
Other expenses | 5,104 | 5,249 | 4,902 | |||
Total noninterest expense | 30,825 | 28,792 | 28,873 | |||
Income before income taxes | 24,211 | 22,775 | 21,340 | |||
Income taxes | 7,320 | 6,764 | 6,072 | |||
Net income | 16,891 | 16,011 | 15,268 | |||
Preferred stock dividends and accretion of discount | 0 | 0 | -2,387 | |||
Net income available to common stockholders | $16,891 | $16,011 | $12,881 | |||
Basic earnings per common share | $1.02 | $0.92 | $0.74 | |||
Diluted earnings per common share | $1.02 | $0.92 | $0.74 | |||
[1] | The negative provisions for the various segments are either related to the decline in each of those portfolio segments during the time periods disclosed and/or improvement in the credit quality factors related to those portfolio segments. |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Net income | $16,891 | $16,011 | $15,268 |
Other comprehensive income (loss), before tax: | ' | ' | ' |
Unrealized gains (losses) on interest rate swaps arising during period before tax | 4,159 | -744 | 0 |
Other comprehensive income (loss), before tax | -8,813 | 2,051 | 5,325 |
Tax (expense) benefit related to other comprehensive income | 3,349 | -779 | -2,024 |
Other comprehensive income (loss), net of tax | -5,464 | 1,272 | 3,301 |
Comprehensive income | 11,427 | 17,283 | 18,569 |
Unrealized gains (losses) on securities for which a portion of an other than temporary impairment has been recorded in earnings before tax [Member] | ' | ' | ' |
Other comprehensive income (loss), before tax: | ' | ' | ' |
Unrealized holding gains (losses) arising during the period | 516 | 89 | -94 |
Less: reclassification adjustment for impairment losses realized in net income | 0 | 203 | 99 |
Net unrealized gains (losses) on securities before tax expense | 516 | 292 | 5 |
Unrealized gains (losses) on securities without other than temporary impairment before tax [Member] | ' | ' | ' |
Other comprehensive income (loss), before tax: | ' | ' | ' |
Unrealized holding gains (losses) arising during the period | -13,488 | 2,749 | 5,320 |
Less: reclassification adjustment for net gains realized in net income | 0 | -246 | 0 |
Net unrealized gains (losses) on securities before tax expense | ($13,488) | $2,503 | $5,320 |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (USD $) | Total | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
In Thousands, except Share data, unless otherwise specified | ||||||
Balance at Dec. 31, 2010 | $145,436 | $34,508 | $3,000 | $34,387 | $76,188 | ($2,647) |
Common stock, share outstanding at Dec. 31, 2010 | ' | ' | 17,403,882 | ' | ' | ' |
Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 15,268 | 0 | 0 | 0 | 15,268 | 0 |
Other comprehensive income (loss), net of tax | 3,301 | 0 | 0 | 0 | 0 | 3,301 |
Preferred stock discount accretion | 0 | 1,492 | 0 | 0 | -1,492 | 0 |
Redemption of preferred stock | -36,000 | -36,000 | 0 | 0 | 0 | 0 |
Repurchase of common stock warrant | -700 | 0 | 0 | -700 | 0 | 0 |
Cash dividends declared, common stock | -2,959 | 0 | 0 | 0 | -2,959 | 0 |
Preferred stock dividends declared | -895 | 0 | 0 | 0 | -895 | 0 |
Balance at Dec. 31, 2011 | 123,451 | 0 | 3,000 | 33,687 | 86,110 | 654 |
Common stock, share outstanding at Dec. 31, 2011 | ' | ' | 17,403,882 | ' | ' | ' |
Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 16,011 | 0 | 0 | 0 | 16,011 | 0 |
Other comprehensive income (loss), net of tax | 1,272 | 0 | 0 | 0 | 0 | 1,272 |
Cash dividends declared, common stock | -6,265 | 0 | 0 | 0 | -6,265 | 0 |
Preferred stock dividends declared | 0 | ' | ' | ' | ' | ' |
Stock-based compensation costs | 118 | 0 | 0 | 118 | 0 | 0 |
Balance at Dec. 31, 2012 | 134,587 | 0 | 3,000 | 33,805 | 95,856 | 1,926 |
Common stock, share outstanding at Dec. 31, 2012 | 17,403,882 | ' | 17,403,882 | ' | ' | ' |
Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 16,891 | 0 | 0 | 0 | 16,891 | 0 |
Other comprehensive income (loss), net of tax | -5,464 | 0 | 0 | 0 | 0 | -5,464 |
Cash dividends declared, common stock | -6,995 | 0 | 0 | 0 | -6,995 | 0 |
Preferred stock dividends declared | 0 | ' | ' | ' | ' | ' |
Stock Repurchased and Retired During Period, Value | -15,774 | 0 | 0 | -15,774 | 0 | 0 |
Stock Repurchased and Retired During Period, Shares | ' | ' | -1,440,592 | ' | ' | ' |
Stock-based compensation costs | 378 | 0 | 0 | 378 | 0 | 0 |
Issuance of common stock upon conversion of restricted stock units, net of shares withheld for payroll taxes, value | -14 | 0 | 0 | -14 | 0 | 0 |
Issuance of common stock upon conversion of restricted stock units, net of shares withheld for payroll taxes, shares | ' | ' | 12,914 | ' | ' | ' |
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation | 16 | 0 | 0 | 16 | 0 | 0 |
Balance at Dec. 31, 2013 | $123,625 | $0 | $3,000 | $18,411 | $105,752 | ($3,538) |
Common stock, share outstanding at Dec. 31, 2013 | 15,976,204 | ' | 15,976,204 | ' | ' | ' |
Balance at Jun. 03, 2013 | ' | ' | ' | ' | ' | ' |
Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Stock Repurchased and Retired During Period, Shares | ' | ' | -1,440,592 | ' | ' | ' |
Common stock, share outstanding at Jun. 05, 2013 | ' | ' | 15,969,464 | ' | ' | ' |
Consolidated_Statements_of_Sto1
Consolidated Statements of Stockholders' Equity (Parentheticals) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Stockholders' Equity Parenthetical [Abstract] | ' | ' | ' |
Cash dividends declared per common share | $0.42 | $0.36 | $0.17 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Cash Flows from Operating Activities: | ' | ' | ' | |||
Net income | $16,891 | $16,011 | $15,268 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' | |||
Provision for loan losses | -850 | [1] | 625 | [1] | 550 | [1] |
Net amortization and accretion | 4,832 | 4,303 | 3,142 | |||
(Gain) loss on disposition of premises and equipment | 9 | 125 | -8 | |||
Investment securities gains, net | 0 | -246 | 0 | |||
Investment securities impairment losses | 0 | 203 | 99 | |||
Stock-based compensation costs | 378 | 118 | 0 | |||
Gain on sale of loans | -1,083 | -2,614 | -1,321 | |||
Proceeds from sales of loans held for sale | 94,676 | 131,936 | 71,273 | |||
Originations of loans held for sale | -92,460 | -128,596 | -69,545 | |||
Gain on sale of other real estate owned | -111 | -114 | -339 | |||
Write-down of other real estate owned | 1,341 | 1,442 | 3,109 | |||
Gain from bank-owned life insurance | 0 | -841 | -637 | |||
Increase in value of bank-owned life insurance | -646 | -737 | -884 | |||
Depreciation | 786 | 697 | 612 | |||
Deferred income taxes | 1,147 | 639 | 731 | |||
Change in assets and liabilities: | ' | ' | ' | |||
(Increase) decrease in accrued interest receivable | -355 | 531 | 776 | |||
(Increase) decrease in other assets | 580 | -116 | 3,066 | |||
Increase (decrease) in accrued expenses and other liabilities | -1,744 | 923 | 138 | |||
Net cash provided by operating activities | 23,391 | 24,289 | 26,030 | |||
Cash Flows from Investing Activities: | ' | ' | ' | |||
Proceeds from sales, calls and maturities of securities available for sale | 74,202 | 87,606 | 84,726 | |||
Purchases of securities available for sale | -143,384 | -98,186 | -109,323 | |||
Purchases of Federal Home Loan Bank stock | -7,537 | -2,285 | -879 | |||
Proceeds from redemption of Federal Home Loan Bank stock | 7,475 | 1,848 | 738 | |||
Net (increase) decrease in loans | -65,436 | -90,301 | 46,101 | |||
Net proceeds from sales of other real estate owned | 1,744 | 1,320 | 6,141 | |||
Payments for other real estate owned improvements | -291 | 0 | 0 | |||
Proceeds from sales of premises and equipment | 0 | 0 | 51 | |||
Purchases of premises and equipment | -1,908 | -1,035 | -981 | |||
Proceeds of principal and earnings from bank-owned life insurance | 0 | 1,573 | 1,192 | |||
Net cash provided by (used in) investing activities | -135,135 | -99,460 | 27,766 | |||
Cash Flows from Financing Activities: | ' | ' | ' | |||
Net increase (decrease) in deposits | 29,266 | 177,203 | -14,699 | |||
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase | -38,974 | -245 | 3,746 | |||
Net (decrease) in other short-term borrowings | 0 | 0 | -2,914 | |||
Proceeds from long-term debt | 16,000 | 80,000 | 0 | |||
Principal payments on long-term debt | -830 | -80,000 | 0 | |||
Prepayment fees on Federal Home Loan Bank advances | 0 | -11,152 | 0 | |||
Common stock dividends paid | -6,995 | -6,265 | -2,959 | |||
Preferred stock dividends paid | 0 | 0 | -1,120 | |||
Redemption of preferred stock | 0 | 0 | -36,000 | |||
Repurchase of common stock warrant | 0 | 0 | -700 | |||
Repurchase and cancellation of common stock | -15,774 | 0 | 0 | |||
Tax withholding related to net share settlements of restricted stock units | -14 | 0 | 0 | |||
Excess tax benefits from vesting of restricted stock units | 16 | 0 | 0 | |||
Net cash provided by (used in) financing activities | -17,305 | 159,541 | -54,646 | |||
Net increase (decrease) in cash and cash equivalents | -129,049 | 84,370 | -850 | |||
Cash and Cash Equivalents: | ' | ' | ' | |||
Beginning | 171,474 | 87,104 | 87,954 | |||
Ending | 42,425 | 171,474 | 87,104 | |||
Supplemental Disclosure of Cash Flow Information: | ' | ' | ' | |||
Interest | 7,101 | 9,726 | 12,383 | |||
Income taxes | 6,755 | 4,682 | 4,784 | |||
Supplemental Disclosure of Noncash Investing and Financing Activities: | ' | ' | ' | |||
Transfer of loans to other real estate owned | 179 | 872 | 1,763 | |||
Sale of other real estate owned financed by issuance of a loan | 0 | 833 | 674 | |||
Purchases of premises financed by issuance of long-term debt | $765 | $0 | $0 | |||
[1] | The negative provisions for the various segments are either related to the decline in each of those portfolio segments during the time periods disclosed and/or improvement in the credit quality factors related to those portfolio segments. |
Organization_and_Nature_of_Bus
Organization and Nature of Business and Summary of Significant Accounting Policies (Notes) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Organization and Nature of Business and Summary of Significant Accounting Policies [Abstract] | ' | |||||||||||
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block] | ' | |||||||||||
Organization and Nature of Business and Summary of Significant Accounting Policies | ||||||||||||
Organization and nature of business: West Bancorporation, Inc. operates in the commercial banking industry through its wholly-owned subsidiary, West Bank. West Bank is state chartered and has its main office in West Des Moines, Iowa, with seven additional offices located in the Des Moines, Iowa metropolitan area, two offices located in Iowa City, Iowa, one office located in Coralville, Iowa, and one office located in Rochester, Minnesota. In addition, the Company owns an unconsolidated subsidiary, West Bancorporation Capital Trust I (the Trust), which was formed for the purpose of issuing trust preferred securities (TPS). As used herein, the term "Company" refers to West Bancorporation, Inc., or if the context dictates, West Bancorporation, Inc. and its subsidiary. | ||||||||||||
Significant accounting policies: | ||||||||||||
Accounting estimates and assumptions: The consolidated financial statements have been prepared in conformity with generally accepted accounting principles (GAAP) established by the Financial Accounting Standards Board (FASB). References to GAAP issued by the FASB in these footnotes are to the FASB Accounting Standards Codification, sometimes referred to as the Codification or ASC. In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses for the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term are the fair value and other than temporary impairment (OTTI) of financial instruments, the allowance for loan losses, and the valuation of other real estate owned. | ||||||||||||
Consolidation policy: The consolidated financial statements include the accounts of the Company, West Bank, West Bank's wholly-owned subsidiary WB Funding Corporation (which owns an interest in a partnership), and West Bank's 99.99 percent owned subsidiary ICD IV, LLC (a community development partnership). All significant intercompany transactions and balances have been eliminated in consolidation. In accordance with GAAP, the results of the Trust are recorded on the books of the Company using the equity method of accounting and are not consolidated. | ||||||||||||
Segment information: An operating segment is generally defined as a component of a business for which discrete financial information is available and whose operating results are regularly reviewed by the chief operating decision-maker. The Company has determined that its business is comprised of one operating segment, which is banking. The banking segment generates revenue through interest and fees on loans, service charges on deposit accounts, interest on investment securities, gains and fees on sales of residential mortgages, fees for trust services, and other miscellaneous banking related activities. This segment includes the Company, West Bank, and related elimination entries between the two, as the Company's operation is similar to that of West Bank. | ||||||||||||
Comprehensive income: Comprehensive income consists of net income and other comprehensive income. Other comprehensive income consists of the net change in unrealized gains and losses on the Company's securities available for sale, including the noncredit-related portion of unrealized gains (losses) of OTTI securities, and the effective portion of the change in fair value of derivative instruments. | ||||||||||||
Cash and cash equivalents and cash flows: For statement of cash flow purposes, the Company considers cash, due from banks, federal funds sold, and short-term investments with original maturities of 90 days or less to be cash and cash equivalents. Cash flows from loans and deposits are reported net. | ||||||||||||
Investment securities: Investment securities available for sale are reported at fair value, with unrealized gains and losses reported as a separate component of accumulated other comprehensive income, net of deferred income taxes. Available for sale investment securities may be sold for general liquidity needs, in response to market interest rate fluctuations, implementation of asset-liability management strategies, funding loan demand, changes in securities prepayment risk or other similar factors. Realized gains and losses on sales are computed on a specific identification basis based on amortized cost. | ||||||||||||
The amortized cost of debt securities classified as available for sale is adjusted for accretion of discounts to maturity and amortization of premiums over the estimated average life of each security or, in the case of callable securities, through the first call date, using the effective yield method. Such amortization and accretion is included in interest income. Interest income on securities is recognized using the interest method according to the terms of the investment security. | ||||||||||||
The Company evaluates each of its investment securities whose value has declined below amortized cost to determine whether the decline in fair value is OTTI. The investment portfolio is evaluated for OTTI by segregating the portfolio into two segments and applying the appropriate OTTI model. Investment securities classified as available for sale are generally evaluated for OTTI under FASB ASC 320, Investments - Debt and Equity Securities. However, certain purchased beneficial interests in securitized financial assets, including asset-backed securities and collateralized debt obligations, that had credit ratings below AA at the time of purchase, are evaluated using the model outlined in FASB ASC 325, Beneficial Interests in Securitized Financial Assets. | ||||||||||||
In determining OTTI under the FASB ASC 320 model, the review takes into consideration the severity and duration of the decline in fair value, the length of time expected for recovery, the financial condition of the issuer and other qualitative factors, as well as whether the Company intends to sell the security or whether it is likely the Company will be required to sell the debt security before its anticipated recovery. | ||||||||||||
Under the FASB ASC 325 model, for the second segment of the portfolio, the Company compares the present value of the remaining cash flows as estimated at the preceding evaluation date to the current expected remaining cash flows. An OTTI is deemed to have occurred if there has been an adverse change in the remaining expected future cash flows. | ||||||||||||
When OTTI occurs under either model, the amount of the OTTI recognized in earnings depends on whether the Company intends to sell the security or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If the Company intends to sell or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis, the OTTI is recognized in earnings equal to the entire difference between the investment's amortized cost basis and its fair value at the balance sheet date. If the Company does not intend to sell the security and it is not more likely than not that it will be required to sell before recovery of its amortized cost basis, the OTTI is separated into the amount representing the credit loss and the amount related to all other factors. The amount of the total OTTI related to the credit loss is determined based on the present value of cash flows expected to be collected using the original yield as the discount rate, and is recognized in earnings. The amount of the total OTTI related to other factors is recognized in other comprehensive income, net of applicable taxes. The previous amortized cost basis less the OTTI recognized in earnings becomes the new amortized cost basis of the investment. The assessment of whether an OTTI exists involves a high degree of subjectivity and judgment and is based on the information available to management at the time. | ||||||||||||
Federal Home Loan Bank stock: West Bank, as a member of the Federal Home Loan Bank (FHLB) system, is required to maintain an investment in capital stock of the FHLB in an amount equal to 0.12 percent of total assets plus 4.00 percent of outstanding advances from the FHLB and the outstanding principal balance of loans issued through the Mortgage Partnership Finance Program (MPF). No ready market exists for the FHLB stock, and it has no quoted market value. The Company evaluates this asset for impairment on a quarterly basis and determined there was no impairment. All shares of FHLB stock are issued and redeemed at a par value of $100. | ||||||||||||
Loans held for sale: Loans held for sale include residential real estate mortgages that were originated in accordance with secondary market pricing and underwriting standards and are stated at the lower of cost or fair value determined on an aggregate basis. Gains and losses on loan sales are recorded in noninterest income. West Bank does not retain servicing responsibility on loans sold. Specific terms within the agreements with investors purchasing residential mortgage loans from the Company contain recourse provisions in certain circumstances. | ||||||||||||
Loans: Loans are stated at the principal amounts outstanding, net of unamortized loan fees and costs, with interest income recognized on the interest method based upon those outstanding loan balances. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. Loans are reported by the portfolio segments identified and are analyzed by management on this basis. All loan policies identified below apply to all segments of the loan portfolio. | ||||||||||||
Delinquencies are determined based on the payment terms of the individual loan agreements. The accrual of interest on past due and other impaired loans is generally discontinued at 90 days or when, in the opinion of management, the borrower may be unable to make all payments pursuant to contractual terms. Unless considered collectible, all interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income, if accrued in the current year, or charged to the allowance for loan losses, if accrued in the prior year. Generally, all payments received while a loan is on nonaccrual status are applied to the principal balance of the loan. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured. | ||||||||||||
A loan is classified as troubled debt restructured (TDR) when the Company separately concludes that a borrower is experiencing financial difficulties and a concession is granted that would not otherwise be considered. Concessions may include a restructuring of the loan terms to alleviate the burden of the borrower's cash requirements, such as an extension of the payment terms beyond the original maturity date or a change in the interest rate charged. TDR loans with extended payment terms are accounted for as impaired until performance is established. A change to the interest rate would change the classification of a loan to a TDR loan if the restructured loan yields a rate that is below a market rate for that of a new loan with comparable risk. TDR loans with below market rates are considered impaired until fully collected. TDR loans may be reported as nonaccrual or past due 90 days, rather than TDR, if they are not performing per the restructured terms. | ||||||||||||
Based upon its ongoing assessment of credit quality within the loan portfolio, the Company maintains a Watch List, which includes loans classified as Doubtful, Substandard and Watch according to West Bank's classification criteria. These loans involve the anticipated potential for payment defaults or collateral inadequacies. A loan on the Watch List is considered impaired when management believes it is probable the Company will be unable to collect all contractual principal and interest payments due in accordance with the terms of the loan agreement. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan's effective interest rate or, as a practical expedient, at the loan's observable market price or the fair value of the collateral if the loan is collateral dependent. The amount of impairment, if any, and any subsequent changes are included in the allowance for loan losses. | ||||||||||||
Allowance for loan losses: The allowance for loan losses is established through a provision for loan losses charged to expense. Loans in each of the Company's segments are charged against the allowance for loan losses when management believes that collectability of the principal is unlikely. The allowance is an amount that management believes will be adequate to absorb probable losses on existing loans based on an evaluation of the collectability of loans and prior loss experience. This evaluation also takes into consideration such factors as changes in the nature and volume of the loan portfolio, overall portfolio quality, the review of specific problem loans, and current economic conditions that may affect the borrowers' ability to pay. While management uses the best information available to make its evaluations, future adjustments to the allowance may be necessary if there are significant changes in economic conditions or the other factors relied upon. | ||||||||||||
The allowance for loan losses consists of specific and general components. The specific component relates to loans that meet the definition of impaired. The general component covers the remaining loans and is based on historical loss experience adjusted for qualitative factors such as delinquency trends, loan growth, economic elements and local market conditions. These same policies are applied to all segments of loans. In addition, regulatory agencies, as integral parts of their examination processes, periodically review the Company's allowance for loan losses, and may require the Company to make additions to the allowance based on their judgment about information available to them at the time of their examinations. | ||||||||||||
In the fourth quarter of 2013, the historical loss experience factor was modified to use the highest losses calculated over a rolling 12, 16 or 20 quarter period. The Company believes that using the highest of these time periods will self-select the factor that best represents where the Company is in the economic cycle. It is not possible to state the specific amount that was added to the allowance as a result of this change, but management believes it resulted in a higher amount than calculated using the previous factors. | ||||||||||||
Premises and equipment: Premises and equipment are stated at cost less accumulated depreciation. The straight-line method of depreciation and amortization is used for calculating expense. The estimated useful lives of premises and equipment range up to 40 years for buildings, up to 10 years for furniture and equipment, and the shorter of the estimated useful life or lease term for leasehold improvements. | ||||||||||||
Other real estate owned: Real estate properties acquired through or in lieu of foreclosure are initially recorded at fair value less estimated selling cost at the date of foreclosure, establishing a new cost basis. Fair value is determined by management by obtaining appraisals or other market value information at least annually. Any write-downs in value at the date of acquisition are charged to the allowance for loan losses. After foreclosure, valuations are periodically performed by management by obtaining updated appraisals or other market value information. Any subsequent write-downs are recorded as a charge to operations, if necessary, to reduce the carrying value of a property to the updated fair value less estimated selling cost. Net costs related to the holding of properties are included in noninterest expense. | ||||||||||||
Trust assets: Assets held by West Bank in fiduciary or agency capacities, other than trust cash on deposit at West Bank, are not included in the consolidated balance sheets of the Company, as such assets are not assets of West Bank. | ||||||||||||
Bank-owned life insurance: The carrying amount of bank-owned life insurance consists of the initial premium paid, plus increases in cash value, less the carrying amount associated with any death benefit received. Death benefits paid in excess of the applicable carrying amount are recognized as income. Increases in cash value and the portion of death benefits recognized as income are exempt from income taxes. | ||||||||||||
Derivatives: The Company uses derivative financial instruments (which consist of interest rate swaps) to assist in its interest rate risk management. All derivatives are measured and reported at fair value on the Company's consolidated balance sheet as other assets or other liabilities. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative and the resulting designation. As of December 31, 2013, the Company had only cash flow hedging relationships, which are derivatives to hedge the exposure to variability in expected future cash flows. To qualify for hedge accounting, the Company must comply with the detailed rules and documentation requirements at the inception of the hedge, and hedge effectiveness is assessed at inception and on a quarterly basis throughout the life of each hedging relationship. Hedge ineffectiveness, if any, is measured periodically throughout the life of the hedging relationship. The Company does not use derivatives for trading or speculative purposes. | ||||||||||||
For derivatives designated as cash flow hedges, the effective portion of changes in the fair value of the derivative is initially reported in other comprehensive income (loss), net of deferred taxes, and subsequently reclassified to interest income or expense when the hedged transaction affects earnings, while the ineffective portion of changes in the fair value of the derivative, if any, is recognized immediately in other noninterest income. The Company assesses the effectiveness of each hedging relationship by comparing the cumulative changes in cash flows of the derivative hedging instrument with the cumulative changes in cash flows of the designated hedged item or transaction. | ||||||||||||
Preferred stock: On December 31, 2008, the Company issued 36,000 shares of perpetual cumulative senior preferred stock to the U.S. Department of the Treasury (Treasury) under the Capital Purchase Program (CPP). On June 29, 2011, the Company redeemed all 36,000 shares of the outstanding preferred stock issued under the CPP with a payment to the Treasury of $36,220, consisting of $36,000 of principal and $220 of dividends. The preferred stock had a carrying value of $34,752 on the redemption date. Upon redemption, the remaining $1,248 preferred stock discount was recorded as a reduction to net income available to common stockholders. | ||||||||||||
Common stock warrants: In connection with the CPP described above, a common stock warrant exercisable for 474,100 shares of common stock was issued to the Treasury and was exercisable on or before December 31, 2018. The warrant entitled the Treasury to purchase 474,100 shares of common stock at $11.39 per share. The warrant was repurchased by the Company for $700 on August 31, 2011. | ||||||||||||
Common stock: At the Company's annual meeting of stockholders on April 26, 2012, the West Bancorporation, Inc. 2012 Equity Incentive Plan (the 2012 Plan) was approved by the stockholders. The 2012 Plan is administered by the Compensation Committee of the Board of Directors. As of December 31, 2013, restricted stock units (RSUs) totaling 144,293 shares had been granted under the 2012 Plan. | ||||||||||||
Stock-based compensation: Compensation expense for stock-based awards is recognized on a straight-line basis over the vesting period using the fair value of the award at the time of the grant. The fair value of nonvested RSUs granted under the 2012 Plan is equal to the fair market value of the underlying common stock at the grant date. Because the RSU participant does not have dividend rights prior to vesting, the initial unamortized expense amount is the discounted value of future cash flows omitting projected dividends during the vesting period. The Company currently assumes no projected forfeitures on its stock-based compensation, since all RSUs are expected to vest and no forfeitures have occurred as of December 31, 2013. | ||||||||||||
Deferred compensation: On October 24, 2012, the the Company's Board of Directors adopted the West Bancorporation, Inc. Deferred Compensation Plan (the Plan). The Plan is an unfunded, nonqualified deferred compensation plan intended to conform to the requirements of Section 409A of the Internal Revenue Code. The Plan became effective on January 1, 2013, and provides an opportunity for eligible participants, including directors and key officers of the Company, to voluntarily defer receipt of a portion of their respective cash compensation. The amount of compensation to be deferred by each individual participating in the Plan, if any, is determined in accordance with the Plan based on each participant's election. Additionally, the Company has the right to make discretionary contributions under the Plan on behalf of participants, though the Company has no intention at this time of making such Company contributions. Deferred compensation under the Plan is payable on a date or dates selected by each participant at the time of enrollment, subject to change in certain specified circumstances. In the event of a change in control of the Company, any amounts deferred by a participant will be distributed to the participant in a lump sum upon the change in control, and any Company contributions will be distributed in accordance with the participant's elections. As of December 31, 2013, no individuals had chosen to participate in the Plan. | ||||||||||||
Transfer of financial assets: Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right, free of conditions that constrain it from taking advantage of that right, to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. | ||||||||||||
Income taxes: The Company files a consolidated federal income tax return. Income tax expense is generally allocated as if the Company and its subsidiary file separate income tax returns. Deferred taxes are provided on an asset and liability method whereby deferred tax assets are recognized for deductible temporary differences, capital loss, operating loss, and tax credit carryforwards, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. | ||||||||||||
When tax returns are filed, it is highly certain that some tax positions taken will be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the positions taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the consolidated financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. The evaluation of a tax position taken is considered by itself and is not offset or aggregated with other positions. Tax positions that meet the more likely than not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. Management does not believe the Company has any material uncertain tax positions to disclose. | ||||||||||||
Interest and penalties related to income taxes are recorded as other noninterest expense in the consolidated income statements. | ||||||||||||
Earnings per common share: Basic earnings per common share are computed by dividing income available to common stockholders by the weighted average number of common shares outstanding for the period. Income available to common stockholders is net income less preferred stock dividends and accretion of discount on preferred stock treated as preferred stock dividends. Diluted earnings per common share reflect the potential dilution that could occur if the Company's outstanding RSUs were vested or if the Company's stock warrant was exercised prior to its redemption in 2011. The dilutive effect was computed using the treasury stock method, which assumes all stock-based awards are exercised and the hypothetical proceeds from exercise are used by the Company to purchase common stock at the average market price during the period, and assumes any outstanding warrants were exercised during the time period they were outstanding. The incremental shares, to the extent they would have been dilutive, were included in the denominator of the diluted earnings per common share calculation. | ||||||||||||
The calculation of earnings per common share and diluted earnings per common share for the years ended December 31, 2013, 2012 and 2011, is presented below. | ||||||||||||
(in thousands, except per share information) | 2013 | 2012 | 2011 | |||||||||
Net income | $ | 16,891 | $ | 16,011 | $ | 15,268 | ||||||
Preferred stock dividends | — | — | (895 | ) | ||||||||
Preferred stock discount accretion | — | — | (1,492 | ) | ||||||||
Net income available to common stockholders | $ | 16,891 | $ | 16,011 | $ | 12,881 | ||||||
Weighted average common shares outstanding | 16,582 | 17,404 | 17,404 | |||||||||
Restricted stock units | 47 | 40 | — | |||||||||
Diluted weighted average common shares outstanding | 16,629 | 17,444 | 17,404 | |||||||||
Basic earnings per common share | $ | 1.02 | $ | 0.92 | $ | 0.74 | ||||||
Diluted earnings per common share | $ | 1.02 | $ | 0.92 | $ | 0.74 | ||||||
Current accounting developments: In February 2013, the FASB issued Accounting Standards Update No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (AOCI), to improve the transparency of reporting reclassifications out of AOCI. The amendments in the Update do not change the current requirements for reporting net income or other comprehensive income in the financial statements. The new amendments require an organization to present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of AOCI if the item reclassified is required under GAAP to be reclassified to net income in its entirety in the same reporting period. Additionally, for other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP to provide additional detail about those amounts. For public companies, the amendments were effective for reporting periods beginning after December 15, 2012. The adoption of this guidance did not have a material impact on the Company's consolidated financial statements. | ||||||||||||
In July 2013, the FASB issued Accounting Standards Update No. 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The update requires an entity to present an unrecognized tax benefit, or portion thereof, in the statement of financial position as a reduction to a deferred tax asset for a net operating loss carryforward or a tax credit carryforward, except as follows: to the extent a net operating loss carryforward or tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position, or the tax law of the applicable jurisdiction does not require the entity to use and the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the statement of financial position as a liability and should not be combined with deferred tax assets. For public companies, this update will be effective for interim and annual periods beginning after December 31, 2013 and early adoption is permitted. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. | ||||||||||||
In January 2014, the FASB issued Accounting Standards Update No. 2014-04, Receivables—Troubled Debt Restructuring by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure. The update clarifies when an in substance foreclosure occurs, that is, when a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan. This is the point when the consumer mortgage loan should be derecognized and the real property recognized. For public companies, this update will be effective for interim and annual periods beginning after December 31, 2014 and early adoption is permitted. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. |
Investment_securities_Notes
Investment securities (Notes) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Available-for-sale Securities [Abstract] | ' | |||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ' | |||||||||||||||||||||||
Investment securities | ||||||||||||||||||||||||
The following tables show the amortized cost, unrealized gains and losses (pretax) included in AOCI, and estimated fair value by investment security type as of December 31, 2013 and 2012. | ||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||
Amortized | Gross Unrealized | Gross Unrealized | Fair | |||||||||||||||||||||
Cost | Gains | (Losses) | Value | |||||||||||||||||||||
U.S. government agencies and corporations | $ | 12,593 | $ | 278 | $ | — | $ | 12,871 | ||||||||||||||||
State and political subdivisions | 90,833 | 1,466 | (4,511 | ) | 87,788 | |||||||||||||||||||
Collateralized mortgage obligations (1) | 170,431 | 2,128 | (3,911 | ) | 168,648 | |||||||||||||||||||
Mortgage-backed securities (1) | 59,226 | 607 | (1,677 | ) | 58,156 | |||||||||||||||||||
Trust preferred securities | 5,923 | — | (3,178 | ) | 2,745 | |||||||||||||||||||
Corporate notes and equity securities | 15,332 | 75 | (399 | ) | 15,008 | |||||||||||||||||||
$ | 354,338 | $ | 4,554 | $ | (13,676 | ) | $ | 345,216 | ||||||||||||||||
2012 | ||||||||||||||||||||||||
Amortized | Gross Unrealized | Gross Unrealized | Fair | |||||||||||||||||||||
Cost | Gains | (Losses) | Value | |||||||||||||||||||||
U.S. government agencies and corporations | $ | 12,614 | $ | 420 | $ | — | $ | 13,034 | ||||||||||||||||
State and political subdivisions | 54,075 | 2,754 | (68 | ) | 56,761 | |||||||||||||||||||
Collateralized mortgage obligations (1) | 170,557 | 3,140 | (103 | ) | 173,594 | |||||||||||||||||||
Mortgage-backed securities (1) | 36,965 | 1,459 | — | 38,424 | ||||||||||||||||||||
Trust preferred securities | 5,913 | — | (3,818 | ) | 2,095 | |||||||||||||||||||
Corporate notes and equity securities | 8,341 | 69 | (4 | ) | 8,406 | |||||||||||||||||||
$ | 288,465 | $ | 7,842 | $ | (3,993 | ) | $ | 292,314 | ||||||||||||||||
(1) All collateralized mortgage obligations and mortgage-backed securities consist of residential mortgage pass-through securities guaranteed by GNMA or issued by FNMA and real estate mortgage investment conduits guaranteed by FHLMC or GNMA. | ||||||||||||||||||||||||
Investment securities with an amortized cost of approximately $6,803 and $72,367 as of December 31, 2013 and 2012, respectively, were pledged as collateral for the Federal Reserve discount window and for other purposes as required or permitted by law or regulation. | ||||||||||||||||||||||||
The amortized cost and fair value of investment securities available for sale as of December 31, 2013, by contractual maturity are shown below. Certain securities have call features which allow the issuer to call the securities prior to maturity. Expected maturities may differ from contractual maturities in collateralized mortgage obligations and mortgage-backed securities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Therefore, collateralized mortgage obligations and mortgage-backed securities are not included in the maturity categories in the following maturity summary. | ||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||
Amortized | Fair | |||||||||||||||||||||||
Cost | Value | |||||||||||||||||||||||
Due in one year or less | $ | 360 | $ | 364 | ||||||||||||||||||||
Due after one year through five years | 33,716 | 34,311 | ||||||||||||||||||||||
Due after five years through ten years | 19,029 | 19,091 | ||||||||||||||||||||||
Due after ten years | 70,092 | 63,470 | ||||||||||||||||||||||
123,197 | 117,236 | |||||||||||||||||||||||
Collateralized mortgage obligations and mortgage-backed securities | 229,657 | 226,804 | ||||||||||||||||||||||
Equity securities | 1,484 | 1,176 | ||||||||||||||||||||||
$ | 354,338 | $ | 345,216 | |||||||||||||||||||||
The details of the sales of investment securities for the years ended December 31, 2013, 2012 and 2011 are summarized in the following table. | ||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Proceeds from sales | $ | — | $ | 16,121 | $ | — | ||||||||||||||||||
Gross gains on sales | — | 288 | — | |||||||||||||||||||||
Gross losses on sales | — | 42 | — | |||||||||||||||||||||
The following tables show the fair value and gross unrealized losses, aggregated by investment type and length of time that individual securities have been in a continuous loss position, as of December 31, 2013 and 2012. | ||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | ||||||||||||||||||||||
Fair | Gross Unrealized | Fair | Gross Unrealized | Fair | Gross Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||
State and political subdivisions | $ | 49,324 | $ | (4,342 | ) | $ | 1,439 | $ | (169 | ) | $ | 50,763 | $ | (4,511 | ) | |||||||||
Collateralized mortgage obligations | 96,744 | (3,911 | ) | — | — | 96,744 | (3,911 | ) | ||||||||||||||||
Mortgage-backed securities | 44,224 | (1,677 | ) | — | — | 44,224 | (1,677 | ) | ||||||||||||||||
Trust preferred securities | — | — | 2,745 | (3,178 | ) | 2,745 | (3,178 | ) | ||||||||||||||||
Corporate notes and equity securities | 8,196 | (390 | ) | 508 | (9 | ) | 8,704 | (399 | ) | |||||||||||||||
$ | 198,488 | $ | (10,320 | ) | $ | 4,692 | $ | (3,356 | ) | $ | 203,180 | $ | (13,676 | ) | ||||||||||
2012 | ||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | ||||||||||||||||||||||
Fair | Gross Unrealized | Fair | Gross Unrealized | Fair | Gross Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||
State and political subdivisions | $ | 5,617 | $ | (62 | ) | $ | 305 | $ | (6 | ) | $ | 5,922 | $ | (68 | ) | |||||||||
Collateralized mortgage obligations | 19,477 | (103 | ) | — | — | 19,477 | (103 | ) | ||||||||||||||||
Trust preferred securities | — | — | 2,095 | (3,818 | ) | 2,095 | (3,818 | ) | ||||||||||||||||
Corporate notes and equity securities | 1,032 | (4 | ) | — | — | 1,032 | (4 | ) | ||||||||||||||||
$ | 26,126 | $ | (169 | ) | $ | 2,400 | $ | (3,824 | ) | $ | 28,526 | $ | (3,993 | ) | ||||||||||
See Note 1 for a discussion of financial reporting for investment securities with unrealized losses. As of December 31, 2013, the available for sale investment portfolio included two state and political subdivision securities, two TPSs and one corporate note with unrealized losses that have existed for longer than one year. | ||||||||||||||||||||||||
The majority of the Company's municipal obligations are with Iowa communities, and all are considered to have acceptable credit risks. During 2013, the Company purchased securities totaling approximately $34,800 originated by municipalities in states other than Iowa due to their higher yields compared to the securities issued by Iowa municipalities with similar credit risk. The Company believes the unrealized losses on investments in municipal obligations, collateralized mortgage obligations, mortgage-backed securities and corporate notes were due to market conditions, not reduced estimated cash flows. There was a significant increase in market interest rates in June 2013 and rates continued to rise during the second half of 2013, particularly in the long-term part of the interest rate curve. This caused a measurable decline in the fair market value of the bond portfolio. The Company does not intend to sell these securities, does not anticipate that these securities will be required to be sold before anticipated recovery, and expects full principal and interest to be collected. Therefore, the Company does not consider these investments to have OTTI at December 31, 2013. | ||||||||||||||||||||||||
The Company believes the unrealized loss of $857 as of December 31, 2013, on an investment in one single-issuer TPS issued by Heartland Financial, USA, Inc. was due to market conditions, not reduced estimated cash flows. The Company does not intend to sell this security, does not anticipate that this security will be required to be sold before anticipated recovery, and expects full principal and interest will be collected. Therefore, the Company did not consider this investment to have OTTI at December 31, 2013. | ||||||||||||||||||||||||
As of December 31, 2013, the Company had one pooled TPS, ALESCO Preferred Funding X, Ltd.; that it has considered to have OTTI since 2009. The Company engaged an independent consulting firm to assist in the valuation of this security. In accordance with ASC 325, a discounted cash flow model was used to determine the estimated fair value of this security. Based on that valuation, management determined the security had an estimated fair value of $1,850 at December 31, 2013. Based on the valuation work performed, no credit losses were recognized for the year ended December 31, 2013, and credit losses of $203 and $99 were recognized for the years ended December 31, 2012 and 2011, respectively. As of December 31, 2013, the unrealized loss of $2,321 is reflected in AOCI, net of taxes of $882. The Company will continue to periodically estimate the present value of cash flows expected to be collected over the life of the security. The pooled TPS was included on a list of permitted securities under the Volcker Rule issued by the regulatory authorities in January 2014. | ||||||||||||||||||||||||
The following table provides a roll forward of the amount of credit-related losses recognized in earnings for the pooled TPS for which a portion of OTTI has been recognized in other comprehensive income for the years ended December 31, 2013, 2012 and 2011. | ||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Balance at beginning of period | $ | 729 | $ | 526 | $ | 427 | ||||||||||||||||||
Current period credit loss recognized in earnings | — | 203 | 99 | |||||||||||||||||||||
Reductions for securities sold during the period | — | — | — | |||||||||||||||||||||
Reductions for securities where there is an intent to sell or requirement | ||||||||||||||||||||||||
to sell | — | — | — | |||||||||||||||||||||
Reductions for increases in cash flows expected to be collected | — | — | — | |||||||||||||||||||||
Balance at end of period | $ | 729 | $ | 729 | $ | 526 | ||||||||||||||||||
Loans_and_Allowance_for_Loan_L
Loans and Allowance for Loan Losses (Notes) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses [Abstract] | ' | ||||||||||||||||||||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses | |||||||||||||||||||||||||||||
Loans consisted of the following segments as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Commercial | $ | 258,010 | $ | 282,124 | |||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and land development | 117,394 | 121,911 | |||||||||||||||||||||||||||
1-4 family residential first mortgages | 50,349 | 49,280 | |||||||||||||||||||||||||||
Home equity | 25,205 | 25,536 | |||||||||||||||||||||||||||
Commercial | 532,139 | 441,857 | |||||||||||||||||||||||||||
Consumer and other loans | 9,236 | 7,099 | |||||||||||||||||||||||||||
992,333 | 927,807 | ||||||||||||||||||||||||||||
Net unamortized fees and costs | (613 | ) | (406 | ) | |||||||||||||||||||||||||
$ | 991,720 | $ | 927,401 | ||||||||||||||||||||||||||
The loan portfolio included $657,667 and $625,201 of fixed rate loans and $334,666 and $302,606 of variable rate loans as of December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||||
Real estate loans of approximately $480,000 and $397,000 were pledged as security for FHLB advances as of December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||||
The Company has had, and may be expected to have in the future, banking transactions in the ordinary course of business with directors, executive officers, their immediate families, affiliated companies in which they are principal stockholders, and five percent stockholders (commonly referred to as related parties), all of which have been originated, in the opinion of management, on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated parties. Loan transactions with related parties were as follows for the years ended December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Balance, beginning of year | $ | 25,216 | $ | 18,834 | |||||||||||||||||||||||||
New loans | 5,629 | 18,881 | |||||||||||||||||||||||||||
Repayments | (18,273 | ) | (12,409 | ) | |||||||||||||||||||||||||
Change in classification | — | (90 | ) | ||||||||||||||||||||||||||
Balance, end of year | $ | 12,572 | $ | 25,216 | |||||||||||||||||||||||||
The following table sets forth the recorded investment in nonperforming loans, disaggregated by segment, held by the Company as of December 31, 2013 and 2012. The recorded investment represents principal balances net of any partial charge-offs. Related accrued interest and net unamortized fees and costs are immaterial and are excluded from the table. | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Nonaccrual loans: | |||||||||||||||||||||||||||||
Commercial | $ | 882 | $ | 655 | |||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and land development | — | 3,356 | |||||||||||||||||||||||||||
1-4 family residential first mortgages | 846 | 406 | |||||||||||||||||||||||||||
Home equity | — | — | |||||||||||||||||||||||||||
Commercial | 670 | 1,983 | |||||||||||||||||||||||||||
Consumer and other loans | — | — | |||||||||||||||||||||||||||
Total nonaccrual loans | 2,398 | 6,400 | |||||||||||||||||||||||||||
Loans past due 90 days and still accruing interest: | |||||||||||||||||||||||||||||
Commercial | — | — | |||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and land development | — | — | |||||||||||||||||||||||||||
1-4 family residential first mortgages | — | — | |||||||||||||||||||||||||||
Home equity | — | — | |||||||||||||||||||||||||||
Commercial | — | — | |||||||||||||||||||||||||||
Consumer and other loans | — | — | |||||||||||||||||||||||||||
Total loans past due 90 days and still accruing interest | — | — | |||||||||||||||||||||||||||
Troubled debt restructured loans (1): | |||||||||||||||||||||||||||||
Commercial | — | 20 | |||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and land development | 424 | 470 | |||||||||||||||||||||||||||
1-4 family residential first mortgages | — | 273 | |||||||||||||||||||||||||||
Home equity | — | — | |||||||||||||||||||||||||||
Commercial | 93 | 93 | |||||||||||||||||||||||||||
Consumer and other loans | — | — | |||||||||||||||||||||||||||
Total troubled debt restructured loans | 517 | 856 | |||||||||||||||||||||||||||
Total nonperforming loans | $ | 2,915 | $ | 7,256 | |||||||||||||||||||||||||
-1 | While TDR loans are commonly reported by the industry as nonperforming, those not classified in the nonaccrual category are accruing interest due to payment performance. TDR loans on nonaccrual status, if any, are included in the nonaccrual category. As of December 31, 2013 and 2012, there was one TDR loan with a balance of $670 and $810, respectively, that was included in the nonaccrual category. | ||||||||||||||||||||||||||||
The pre- and post-modification recorded investment in TDR loans that have occurred during the years ended December 31, 2013, 2012 and 2011, totaled $31, $302 and $1,310, respectively. The financial impact for specific reserves or from charge-offs for these modified loans was immaterial. | |||||||||||||||||||||||||||||
The recorded investment in TDR loans that have been modified within the twelve months ended December 31, 2013, 2012 and 2011, which have subsequently had a payment default, totaled $31, $894 and $291, respectively. A TDR loan is considered to have a payment default when it is past due 30 days or more. | |||||||||||||||||||||||||||||
The following tables summarize the recorded investment in impaired loans by segment, broken down by loans with no related allowance and loans with a related allowance and the amount of that allowance as of December 31, 2013 and 2012, and the average recorded investment and interest income recognized on these loans for the years ended December 31, 2013, 2012 and 2011. | |||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Recorded | Unpaid | Related | ||||||||||||||||||||||||
Investment | Principal | Allowance | Investment | Principal | Allowance | ||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial | $ | 200 | $ | 345 | N/A | $ | 282 | $ | 292 | N/A | |||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and land development | 423 | 1,025 | N/A | 3,825 | 5,292 | N/A | |||||||||||||||||||||||
1-4 family residential first mortgages | 527 | 536 | N/A | 679 | 679 | N/A | |||||||||||||||||||||||
Home equity | — | — | N/A | — | — | N/A | |||||||||||||||||||||||
Commercial | 763 | 763 | N/A | 2,077 | 3,046 | N/A | |||||||||||||||||||||||
Consumer and other | — | — | N/A | — | — | N/A | |||||||||||||||||||||||
1,913 | 2,669 | N/A | 6,863 | 9,309 | N/A | ||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial | 807 | 807 | $ | 560 | 3,615 | 3,615 | $ | 1,297 | |||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and land development | 2,037 | 2,037 | 1,300 | 4,441 | 4,441 | 3,000 | |||||||||||||||||||||||
1-4 family residential first mortgages | 319 | 319 | 33 | — | — | — | |||||||||||||||||||||||
Home equity | — | — | — | 458 | 458 | 86 | |||||||||||||||||||||||
Commercial | — | — | — | 1,574 | 1,574 | 523 | |||||||||||||||||||||||
Consumer and other | — | — | — | — | — | — | |||||||||||||||||||||||
3,163 | 3,163 | 1,893 | 10,088 | 10,088 | 4,906 | ||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
Commercial | 1,007 | 1,152 | 560 | 3,897 | 3,907 | 1,297 | |||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and land development | 2,460 | 3,062 | 1,300 | 8,266 | 9,733 | 3,000 | |||||||||||||||||||||||
1-4 family residential first mortgages | 846 | 855 | 33 | 679 | 679 | — | |||||||||||||||||||||||
Home equity | — | — | — | 458 | 458 | 86 | |||||||||||||||||||||||
Commercial | 763 | 763 | — | 3,651 | 4,620 | 523 | |||||||||||||||||||||||
Consumer and other | — | — | — | — | — | — | |||||||||||||||||||||||
Total impaired loans | $ | 5,076 | $ | 5,832 | $ | 1,893 | $ | 16,951 | $ | 19,397 | $ | 4,906 | |||||||||||||||||
N/A - Not applicable | |||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | December 31, 2011 | |||||||||||||||||||||||||||
Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial | $ | 206 | $ | 9 | $ | 463 | $ | 80 | $ | 1,752 | $ | — | |||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and | |||||||||||||||||||||||||||||
land development | 1,475 | 17 | 2,712 | 9 | 126 | 6 | |||||||||||||||||||||||
1-4 family residential first mortgages | 574 | 1 | 1,024 | 5 | 1,021 | 2 | |||||||||||||||||||||||
Home equity | 2 | — | 24 | — | 62 | 3 | |||||||||||||||||||||||
Commercial | 1,759 | 7 | 3,373 | 55 | 4,120 | 65 | |||||||||||||||||||||||
Consumer and other | 5 | — | — | — | 11 | 1 | |||||||||||||||||||||||
4,021 | 34 | 7,596 | 149 | 7,092 | 77 | ||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial | 3,468 | 85 | 1,075 | 38 | 5,419 | 264 | |||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and | |||||||||||||||||||||||||||||
land development | 3,299 | 165 | 12,440 | 583 | 13,568 | 671 | |||||||||||||||||||||||
1-4 family residential first mortgages | 183 | 8 | 314 | 15 | 190 | 21 | |||||||||||||||||||||||
Home equity | 239 | 11 | 239 | 15 | 12 | 2 | |||||||||||||||||||||||
Commercial | 798 | 44 | 1,290 | 88 | 98 | 8 | |||||||||||||||||||||||
Consumer and other | — | — | 11 | 1 | 43 | 3 | |||||||||||||||||||||||
7,987 | 313 | 15,369 | 740 | 19,330 | 969 | ||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
Commercial | 3,674 | 94 | 1,538 | 118 | 7,171 | 264 | |||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and | |||||||||||||||||||||||||||||
land development | 4,774 | 182 | 15,152 | 592 | 13,694 | 677 | |||||||||||||||||||||||
1-4 family residential first mortgages | 757 | 9 | 1,338 | 20 | 1,211 | 23 | |||||||||||||||||||||||
Home equity | 241 | 11 | 263 | 15 | 74 | 5 | |||||||||||||||||||||||
Commercial | 2,557 | 51 | 4,663 | 143 | 4,218 | 73 | |||||||||||||||||||||||
Consumer and other | 5 | — | 11 | 1 | 54 | 4 | |||||||||||||||||||||||
Total impaired loans | $ | 12,008 | $ | 347 | $ | 22,965 | $ | 889 | $ | 26,422 | $ | 1,046 | |||||||||||||||||
The following table reconciles the balance of nonaccrual loans with impaired loans as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Nonaccrual loans | $ | 2,398 | $ | 6,400 | |||||||||||||||||||||||||
Troubled debt restructured loans | 517 | 856 | |||||||||||||||||||||||||||
Other impaired loans still accruing interest | 2,161 | 9,695 | |||||||||||||||||||||||||||
Total impaired loans | $ | 5,076 | $ | 16,951 | |||||||||||||||||||||||||
The balance of impaired loans at December 31, 2013 was comprised of loans to 17 different borrowers, and the balance of impaired loans at December 31, 2012 was comprised of loans to 22 different borrowers. As of December 31, 2013, 9 of the borrowers, comprising $3,843 of total impaired loans, were also considered impaired as of December 31, 2012. The Company has no commitments to advance additional funds on any of the impaired loans. | |||||||||||||||||||||||||||||
Interest income forgone on impaired loans was $333, $513 and $450, respectively, during the years ended December 31, 2013, 2012 and 2011. | |||||||||||||||||||||||||||||
The following tables provide an analysis of the payment status of the recorded investment in loans as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
30-59 | 60-89 Days | Greater | Total | Current | Total | Past Due 90 Days | |||||||||||||||||||||||
Days Past | Past Due | Than 90 | Past Due | Loans | and Still | ||||||||||||||||||||||||
Due | Days | Accruing | |||||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
Commercial | $ | 407 | $ | — | $ | 200 | $ | 607 | $ | 257,403 | $ | 258,010 | $ | — | |||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and | |||||||||||||||||||||||||||||
land development | — | — | — | — | 117,394 | 117,394 | — | ||||||||||||||||||||||
1-4 family residential | |||||||||||||||||||||||||||||
first mortgages | 103 | 240 | 539 | 882 | 49,467 | 50,349 | — | ||||||||||||||||||||||
Home equity | — | — | — | — | 25,205 | 25,205 | — | ||||||||||||||||||||||
Commercial | 110 | 268 | — | 378 | 531,761 | 532,139 | — | ||||||||||||||||||||||
Consumer and other | — | — | — | — | 9,236 | 9,236 | — | ||||||||||||||||||||||
Total | $ | 620 | $ | 508 | $ | 739 | $ | 1,867 | $ | 990,466 | $ | 992,333 | $ | — | |||||||||||||||
Nonaccrual loans included | |||||||||||||||||||||||||||||
above | $ | 407 | $ | 240 | $ | 739 | $ | 1,386 | $ | 1,012 | $ | 2,398 | |||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
30-59 | 60-89 Days | Greater | Total | Current | Total | Past Due 90 Days | |||||||||||||||||||||||
Days Past | Past Due | Than 90 | Past Due | Loans | and Still | ||||||||||||||||||||||||
Due | Days | Accruing | |||||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
Commercial | $ | 146 | $ | — | $ | 331 | $ | 477 | $ | 281,647 | $ | 282,124 | $ | — | |||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and | |||||||||||||||||||||||||||||
land development | — | — | 3,356 | 3,356 | 118,555 | 121,911 | — | ||||||||||||||||||||||
1-4 family residential | |||||||||||||||||||||||||||||
first mortgages | 89 | 143 | 152 | 384 | 48,896 | 49,280 | — | ||||||||||||||||||||||
Home equity | 279 | 27 | — | 306 | 25,230 | 25,536 | — | ||||||||||||||||||||||
Commercial | 38 | 236 | 1,744 | 2,018 | 439,839 | 441,857 | — | ||||||||||||||||||||||
Consumer and other | 195 | — | — | 195 | 6,904 | 7,099 | — | ||||||||||||||||||||||
Total | $ | 747 | $ | 406 | $ | 5,583 | $ | 6,736 | $ | 921,071 | $ | 927,807 | $ | — | |||||||||||||||
Nonaccrual loans included | |||||||||||||||||||||||||||||
above | $ | 74 | $ | 236 | $ | 5,583 | $ | 5,893 | $ | 507 | $ | 6,400 | |||||||||||||||||
The following tables show the recorded investment in loans by credit quality indicator and loan segment as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Pass | Watch | Substandard | Doubtful | Total | |||||||||||||||||||||||||
Commercial | $ | 244,766 | $ | 10,933 | $ | 2,311 | $ | — | $ | 258,010 | |||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and land development | 100,236 | 12,661 | 4,497 | — | 117,394 | ||||||||||||||||||||||||
1-4 family residential first mortgages | 48,766 | 408 | 1,175 | — | 50,349 | ||||||||||||||||||||||||
Home equity | 23,608 | 1,495 | 102 | — | 25,205 | ||||||||||||||||||||||||
Commercial | 517,441 | 7,309 | 7,389 | — | 532,139 | ||||||||||||||||||||||||
Consumer and other | 9,230 | 6 | — | — | 9,236 | ||||||||||||||||||||||||
Total | $ | 944,047 | $ | 32,812 | $ | 15,474 | $ | — | $ | 992,333 | |||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Pass | Watch | Substandard | Doubtful | Total | |||||||||||||||||||||||||
Commercial | $ | 258,677 | $ | 17,234 | $ | 6,213 | $ | — | $ | 282,124 | |||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and land development | 94,855 | 15,030 | 12,026 | — | 121,911 | ||||||||||||||||||||||||
1-4 family residential first mortgages | 47,392 | 861 | 1,027 | — | 49,280 | ||||||||||||||||||||||||
Home equity | 24,659 | 105 | 772 | — | 25,536 | ||||||||||||||||||||||||
Commercial | 420,888 | 8,101 | 12,868 | — | 441,857 | ||||||||||||||||||||||||
Consumer and other | 7,063 | 36 | — | — | 7,099 | ||||||||||||||||||||||||
Total | $ | 853,534 | $ | 41,367 | $ | 32,906 | $ | — | $ | 927,807 | |||||||||||||||||||
All loans are subject to the assessment of a credit quality indicator. Risk ratings are assigned for each loan at the time of approval, and they change as circumstances dictate during the term of the loan. The Company utilizes a 9-point risk rating scale as shown below, with ratings 1 - 5 included in the Pass column, rating 6 included in the Watch column, ratings 7 - 8 included in the Substandard column, and rating 9 included in the Doubtful column. All loans classified as impaired that are included in the specific evaluation of the allowance for loan losses are included in the Substandard column along with all other loans with ratings of 7 - 8. | |||||||||||||||||||||||||||||
Risk rating 1: The loan is secured by cash equivalent collateral. | |||||||||||||||||||||||||||||
Risk rating 2: The loan is secured by properly margined marketable securities, bonds or cash surrender value of life insurance. | |||||||||||||||||||||||||||||
Risk rating 3: The borrower is in strong financial condition and has strong debt service capacity. The loan is performing as agreed, and the financial characteristics and trends of the borrower exceed industry statistics. | |||||||||||||||||||||||||||||
Risk rating 4: The borrower is in satisfactory financial condition and has satisfactory debt service capacity. The loan is performing as agreed, and the financial characteristics and trends of the borrower fall in line with industry statistics. | |||||||||||||||||||||||||||||
Risk rating 5: The borrower's financial condition is less than satisfactory. The loan is still generally paying as agreed, but strained cash flow may cause some slowness in payments. The collateral values adequately preclude loss on the loan. Financial characteristics and trends lag industry statistics. There may be noncompliance with loan covenants. | |||||||||||||||||||||||||||||
Risk rating 6: The borrower's financial condition is deficient. Payment delinquencies may be more common. Collateral values still protect from loss, but margins are narrow. The loan may be reliant on secondary sources of repayment, including liquidation of collateral and guarantor support. | |||||||||||||||||||||||||||||
Risk rating 7: The loan is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Well-defined weaknesses exist that jeopardize the liquidation of the debt. The Company is inadequately protected by the valuation or paying capacity of the collateral pledged. If deficiencies are not corrected, there is a distinct possibility that a loss will be sustained. | |||||||||||||||||||||||||||||
Risk rating 8: All the characteristics of rating 7 exist with the added condition that the loan is past due more than 90 days or there is reason to believe the Company will not receive its principal and interest according to the terms of the loan agreement. | |||||||||||||||||||||||||||||
Risk rating 9: All the weaknesses inherent in risk ratings 7 and 8 exist with the added condition that collection or liquidation, on the basis of currently known facts, conditions and values, is highly questionable and improbable. A loan reaching this category would most likely be charged off. | |||||||||||||||||||||||||||||
Credit quality indicators for all loans and the Company's risk rating process are dynamic and updated on a continuous basis. Risk ratings are updated as circumstances that could affect the repayment of an individual loan are brought to management's attention through an established monitoring process. Individual lenders initiate changes as appropriate for ratings 1 through 5, and changes for ratings 6 through 9 are initiated via communications with management. The likelihood of loss increases as the risk rating increases and is generally preceded by a loan appearing on the Watch List, which consists of all loans with a risk rating of 6 or worse. Written action plans with firm target dates for resolution of identified problems are maintained and reviewed on a quarterly basis for all segments of criticized loans. | |||||||||||||||||||||||||||||
In addition to the Company's internal credit monitoring practices and procedures, an outsourced independent credit review function is in place to further assess assigned internal risk classifications and monitor compliance with internal lending policies and procedures. | |||||||||||||||||||||||||||||
In all portfolio segments, the primary risks are that a borrower's income stream diminishes to the point that it is not able to make scheduled principal and interest payments and any collateral securing the loan declines in value. The risk of declining collateral values is present for most types of loans. | |||||||||||||||||||||||||||||
Commercial loans consist primarily of loans to businesses for various purposes, including revolving lines to finance current operations, inventory and accounts receivable, and capital expenditure loans to finance equipment and other fixed assets. These loans generally have short maturities, have either adjustable or fixed interest rates, and are either unsecured or secured by inventory, accounts receivable and/or fixed assets. For commercial loans, the primary source of repayment is from the operation of the business. | |||||||||||||||||||||||||||||
Real estate loans include various types of loans for which the Company holds real property as collateral, and consist of loans on commercial properties and single and multifamily residences. Real estate loans are typically structured to mature or reprice every 5 years with payments based on amortization periods up to 30 years. The majority of construction loans are to contractors and developers for construction of commercial buildings or residential real estate. These loans typically have maturities up to 24 months. The Company's loan policy includes minimum appraisal and other credit guidelines. | |||||||||||||||||||||||||||||
Consumer loans include loans extended to individuals for household, family and other personal expenditures not secured by real estate. The majority of the Company's consumer lending is for vehicles, consolidation of personal debts and household improvements. The repayment source for consumer loans, including 1-4 family residential and home equity loans, is typically wages. | |||||||||||||||||||||||||||||
The following tables detail changes in the allowance for loan losses by segment for the years ended December 31, 2013, 2012 and 2011. | |||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | |||||||||||||||||||||||
Beginning balance | $ | 4,116 | $ | 4,616 | $ | 637 | $ | 568 | $ | 5,564 | $ | 28 | $ | 15,529 | |||||||||||||||
Charge-offs | (742 | ) | — | (116 | ) | (119 | ) | (624 | ) | (33 | ) | (1,634 | ) | ||||||||||||||||
Recoveries | 292 | 42 | 150 | 236 | 2 | 24 | 746 | ||||||||||||||||||||||
Provision (1) | 533 | (1,626 | ) | (58 | ) | (282 | ) | 543 | 40 | (850 | ) | ||||||||||||||||||
Ending balance | $ | 4,199 | $ | 3,032 | $ | 613 | $ | 403 | $ | 5,485 | $ | 59 | $ | 13,791 | |||||||||||||||
2012 | |||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | |||||||||||||||||||||||
Beginning balance | $ | 4,409 | $ | 3,572 | $ | 1,215 | $ | 832 | $ | 6,667 | $ | 83 | $ | 16,778 | |||||||||||||||
Charge-offs | (402 | ) | (1,508 | ) | (301 | ) | (343 | ) | (5 | ) | (25 | ) | (2,584 | ) | |||||||||||||||
Recoveries | 354 | — | 98 | 22 | 206 | 30 | 710 | ||||||||||||||||||||||
Provision (1) | (245 | ) | 2,552 | (375 | ) | 57 | (1,304 | ) | (60 | ) | 625 | ||||||||||||||||||
Ending balance | $ | 4,116 | $ | 4,616 | $ | 637 | $ | 568 | $ | 5,564 | $ | 28 | $ | 15,529 | |||||||||||||||
2011 | |||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | |||||||||||||||||||||||
Beginning balance | $ | 7,940 | $ | 3,787 | $ | 647 | $ | 658 | $ | 5,823 | $ | 232 | $ | 19,087 | |||||||||||||||
Charge-offs | (2,976 | ) | (2 | ) | (946 | ) | (97 | ) | (722 | ) | (21 | ) | (4,764 | ) | |||||||||||||||
Recoveries | 1,809 | 2 | 42 | 29 | 1 | 22 | 1,905 | ||||||||||||||||||||||
Provision (1) | (2,364 | ) | (215 | ) | 1,472 | 242 | 1,565 | (150 | ) | 550 | |||||||||||||||||||
Ending balance | $ | 4,409 | $ | 3,572 | $ | 1,215 | $ | 832 | $ | 6,667 | $ | 83 | $ | 16,778 | |||||||||||||||
-1 | The negative provisions for the various segments are either related to the decline in each of those portfolio segments during the time periods disclosed and/or improvement in the credit quality factors related to those portfolio segments. | ||||||||||||||||||||||||||||
The following tables show a breakdown of the allowance for loan losses disaggregated on the basis of impairment analysis method by segment as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | |||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 560 | $ | 1,300 | $ | 33 | $ | — | $ | — | $ | — | $ | 1,893 | |||||||||||||||
Collectively evaluated for impairment | 3,639 | 1,732 | 580 | 403 | 5,485 | 59 | 11,898 | ||||||||||||||||||||||
Total | $ | 4,199 | $ | 3,032 | $ | 613 | $ | 403 | $ | 5,485 | $ | 59 | $ | 13,791 | |||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | |||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,297 | $ | 3,000 | $ | — | $ | 86 | $ | 523 | $ | — | $ | 4,906 | |||||||||||||||
Collectively evaluated for impairment | 2,819 | 1,616 | 637 | 482 | 5,041 | 28 | 10,623 | ||||||||||||||||||||||
Total | $ | 4,116 | $ | 4,616 | $ | 637 | $ | 568 | $ | 5,564 | $ | 28 | $ | 15,529 | |||||||||||||||
The following tables show the recorded investment in loans, exclusive of unamortized fees and costs, disaggregated on the basis of impairment analysis method by segment as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | |||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,007 | $ | 2,460 | $ | 846 | $ | — | $ | 763 | $ | — | $ | 5,076 | |||||||||||||||
Collectively evaluated for impairment | 257,003 | 114,934 | 49,503 | 25,205 | 531,376 | 9,236 | 987,257 | ||||||||||||||||||||||
Total | $ | 258,010 | $ | 117,394 | $ | 50,349 | $ | 25,205 | $ | 532,139 | $ | 9,236 | $ | 992,333 | |||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | |||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,897 | $ | 8,266 | $ | 679 | $ | 458 | $ | 3,651 | $ | — | $ | 16,951 | |||||||||||||||
Collectively evaluated for impairment | 278,227 | 113,645 | 48,601 | 25,078 | 438,206 | 7,099 | 910,856 | ||||||||||||||||||||||
Total | $ | 282,124 | $ | 121,911 | $ | 49,280 | $ | 25,536 | $ | 441,857 | $ | 7,099 | $ | 927,807 | |||||||||||||||
Premises_and_Equipment_Net_Not
Premises and Equipment, Net (Notes) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Premises and Equipment, Net [Abstract] | ' | |||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | |||||||
Premises and Equipment, Net | ||||||||
Premises and equipment consisted of the following as of December 31, 2013 and 2012. | ||||||||
2013 | 2012 | |||||||
Land | $ | 2,704 | $ | 1,244 | ||||
Buildings | 1,570 | 1,391 | ||||||
Leasehold improvements | 3,004 | 2,971 | ||||||
Furniture and equipment | 5,611 | 4,908 | ||||||
12,889 | 10,514 | |||||||
Accumulated depreciation | 5,402 | 4,905 | ||||||
$ | 7,487 | $ | 5,609 | |||||
Deposits_Notes
Deposits (Notes) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Deposits [Abstract] | ' | |||
Deposit Liabilities Disclosures [Text Block] | ' | |||
Deposits | ||||
The scheduled maturities of time deposits were as follows as of December 31, 2013. | ||||
2014 | $ | 87,834 | ||
2015 | 29,508 | |||
2016 | 15,608 | |||
2017 | 5,600 | |||
2018 | 7,594 | |||
$ | 146,144 | |||
Time deposits as of December 31, 2013 and 2012, included $37,669 and $47,824, respectively, of Certificate of Deposit Account Registry Service deposits, which is a program that coordinates, on a reciprocal basis, a network of banks to spread deposits exceeding the FDIC insurance coverage limits out to numerous institutions in order to provide insurance coverage for all participating deposits. | ||||
Also included in total deposits as of December 31, 2013 and 2012, were $64,009 and $25, respectively, of Insured Cash Sweep (ICS) interest-bearing checking and $100,651 and $61,016, respectively, of ICS money market deposits. These are also reciprocal programs providing insurance coverage for all participating deposits. The Insured Cash Sweep interest-bearing checking product was provided as a replacement for securities sold under agreements to repurchase. The change was implemented to eliminate the need to pledge securities. |
Subordinated_Notes_Notes
Subordinated Notes (Notes) | 12 Months Ended |
Dec. 31, 2013 | |
Subordinated Notes [Abstract] | ' |
Subordinated Borrowings Disclosure [Text Block] | ' |
Subordinated Notes | |
On July 18, 2003, the Company issued $20,619 in junior subordinated debentures to the Company's subsidiary trust, West Bancorporation Capital Trust I. The junior subordinated debentures are senior to the Company's common stock. As a result, the Company must make payments on the junior subordinated debentures (and the related TPS) before any dividends can be paid on its common stock and, in the event of the Company's bankruptcy, dissolution or liquidation, the holders of the debentures must be satisfied before any distribution can be made to the holders of the common stock. The Company has the right to defer distributions on the junior subordinated debentures (and the related TPS) for up to five years, during which time no dividends may be paid to holders of the Company's common stock. The junior subordinated debentures have a 30-year term, do not require any principal amortization, and are callable at the issuer's option. The interest rate is a variable rate based on the three-month LIBOR plus 3.05 percent. At December 31, 2013, the interest rate was 3.30 percent. Interest is payable quarterly, unless deferred. The effective cost of the junior subordinated debentures at December 31, 2013, including amortization of the discount fee, was 3.41 percent. Holders of the TPS associated with the junior subordinated debentures have no voting rights, are unsecured, and rank junior in priority to all the Company's indebtedness and senior to the Company's common stock. In June 2013, the Company entered into a forward-starting interest rate swap contract that effectively will convert the variable rate of the debentures to a fixed rate when the swap becomes effective on June 30, 2014. See Note 9 for additional information on the interest rate swaps |
Federal_Home_Loan_Bank_Advance
Federal Home Loan Bank Advances (Notes) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Federal Home Loan Bank Advances [Abstract] | ' | ||||||||||||||||||||
Federal Home Loan Bank Advances, Disclosure [Text Block] | ' | ||||||||||||||||||||
Federal Home Loan Bank Advances | |||||||||||||||||||||
The following table presents the terms of all FHLB advances as of December 31, 2013 and 2012. | |||||||||||||||||||||
December 31, 2013 | 31-Dec-12 | ||||||||||||||||||||
Maturity | Interest | Effective | Interest | Effective | |||||||||||||||||
Date | Variable/Fixed | Rate | Rate (1) | Balance | Rate | Rate (1) | Balance | ||||||||||||||
1/29/18 | Fixed (2) | 2.70% | 2.70% | $ | 25,000 | 2.7 | % | 2.7 | % | $ | 25,000 | ||||||||||
12/23/19 | Variable | 0.54% | 2.38% | 25,000 | 0.6 | % | 2.44 | % | 25,000 | ||||||||||||
6/22/20 | Variable | 0.56% | 2.40% | 25,000 | 0.62 | % | 2.46 | % | 25,000 | ||||||||||||
9/21/20 | Variable | 0.56% | 2.48% | 30,000 | 0.62 | % | 2.54 | % | 30,000 | ||||||||||||
105,000 | 105,000 | ||||||||||||||||||||
Discount for modification | (9,608 | ) | (11,110 | ) | |||||||||||||||||
Total FHLB advances, net of discount | $ | 95,392 | $ | 93,890 | |||||||||||||||||
-1 | The effective interest rate for the variable rate advances includes the effects of the discount fee amortization. | ||||||||||||||||||||
-2 | Callable quarterly. | ||||||||||||||||||||
Three of the FHLB advances totaling $80,000, were modified on December 21, 2012 to extend their terms and to convert the borrowings to a variable rate which is tied to three-month LIBOR. Two of the modifications were in amounts of $25,000 each and previously bore fixed interest rates of 4.01 and 4.23 percent, respectively. The third modification was in the amount of $30,000 and previously bore a fixed interest rate of 4.32 percent. In connection with these modifications, the Company paid a prepayment fee of $11,152, which is being amortized and recognized as interest expense over the remaining terms of the advances. For the years ended December 31, 2013 and 2012, the Company amortized $1,502 and $42, respectively, of interest expense related to the discount. The Company also entered into three forward-starting interest rate swap contracts that effectively convert the variable rate advances to fixed rate advances at future dates. Interest is payable quarterly on the FHLB advances. See Note 9 for additional information on the interest rate swaps. | |||||||||||||||||||||
The FHLB advances are collateralized by FHLB stock and real estate loans, as required by the FHLB's collateral policy. West Bank had additional borrowing capacity of approximately $121,098 at the FHLB as of December 31, 2013. | |||||||||||||||||||||
At December 31, 2013, West Bank had arrangements to borrow approximately $67,000 in unsecured federal funds lines of credit at correspondent banks that are available under the correspondent banks' normal terms. The lines have no stated expiration date. As of December 31, 2013, approximately $7,000 was outstanding under these arrangements. |
Longterm_debt_Notes
Long-term debt (Notes) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Long-term Debt, Unclassified [Abstract] | ' | |||
Long-term Debt [Text Block] | ' | |||
Long-Term Debt | ||||
On June 27, 2013, the Company borrowed $16,000 from a commercial bank in the form of a five-year amortizing secured term loan with a variable rate of 1.95 percent plus 30-day LIBOR, which totaled 2.12 percent as of December 31, 2013. The proceeds were used to finance the repurchase and cancellation of 1,440,592 shares of common stock discussed in Note 13. In the event that the Company defaults under the note, the interest rate would increase by an additional 5.00 percent. The Company also entered into a $5,000 secured line of credit that expires on June 27, 2014. The Company was not drawing on this line of credit as of December 31, 2013. Both the note and the secured line of credit are secured by a pledge of certain Company assets, including the stock of West Bank. | ||||
During June 2013, the Company purchased two commercial lots in Coralville for construction of a new eastern Iowa main office. A portion of the purchase was financed with a $765 eight-and-one-half-year variable payment contract with a fixed interest rate of 1.25 percent. | ||||
Future principal payments for long-term debt as of December 31, 2013 are shown in the table below. | ||||
2014 | $ | 3,260 | ||
2015 | 3,260 | |||
2016 | 3,286 | |||
2017 | 3,312 | |||
2018 | 2,513 | |||
Thereafter | 304 | |||
$ | 15,935 | |||
Derivatives_Notes
Derivatives (Notes) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Derivatives [Abstract] | ' | |||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' | |||||||||||||||||||
Derivatives | ||||||||||||||||||||
The Company uses interest rate swap agreements to assist in its interest rate risk management. The notional amounts of the interest rate swaps do not represent the amounts exchanged by the counterparties, but rather, the notional amount is used to determine, along with other terms of the derivative, the amounts to be exchanged between the counterparties. | ||||||||||||||||||||
The Company has variable rate FHLB advances, which create exposure to variability in interest payments due to changes in interest rates. In December 2012, to manage the interest rate risk related to the variability of interest payments, the Company entered into three forward-starting interest rate swap transactions with a total notional amount of $80,000. The interest rate swaps effectively convert $80,000 of variable rate FHLB advances to fixed rate debt as of the forward-starting dates. The forward-starting dates on the interest rate swaps range from December 2014 to December 2015. The three swap transactions were designated as cash flow hedges of the changes in cash flows attributable to changes in LIBOR, the benchmark interest rate being hedged, associated with the interest payments made on the underlying FHLB advances with quarterly interest rate reset dates. | ||||||||||||||||||||
In June 2013, the Company entered into a forward-starting interest rate swap transaction with a notional amount of $20,000 to effectively convert its $20,000 variable rate junior subordinated notes to fixed rate debt as of the forward-starting date of the swap transaction. The forward-starting date of this swap is June 30, 2014. This swap transaction was designated as a cash flow hedge of the variability in cash flows attributable to the change in LIBOR, the benchmark interest rate being hedged, associated with the interest payments made on $20,000 of the Company's junior subordinated debt, which has a quarterly interest rate reset date. | ||||||||||||||||||||
At the inception of each hedge transaction, the Company represented that the underlying principal balance would remain outstanding throughout the hedge transaction, making it probable that sufficient LIBOR-based interest payments would exist through the maturity date of the swaps. The cash flow hedges were determined to be fully effective during the remaining terms of the swaps. Therefore, the aggregate fair value of the swaps is recorded in other assets or other liabilities with changes in market value recorded in other comprehensive income, net of deferred taxes. See Note 17 for additional fair value information and disclosures. The amounts included in accumulated other comprehensive income will be reclassified to interest expense should the hedge no longer be considered effective. No amount of ineffectiveness was included in net income for the years ended December 31, 2013 and 2012, and the Company expects there will be an immaterial amount of reclassification from accumulated other comprehensive income to interest expense through December 31, 2014. The Company will continue to assess the effectiveness of the hedges on a quarterly basis. | ||||||||||||||||||||
The Company is exposed to credit risk in the event of nonperformance by the interest rate swap counterparty. The Company minimizes this risk by entering into derivative contracts with only large, stable financial institutions, and the Company has not experienced, and does not expect, any losses from counterparty nonperformance on the interest rate swaps. The Company monitors counterparty risk in accordance with the provisions of FASB ASC 815. In addition, the interest rate swap agreements contain language outlining collateral-pledging requirements for each counterparty. Collateral must be posted when the market value exceeds certain threshold limits. As of December 31, 2013, the counterparty had pledged $3,300 of required collateral in the form of cash on deposit with a third party. The Company was not required to pledge any collateral to the counterparty as of December 31, 2013. | ||||||||||||||||||||
The tables below identify the balance sheet category and fair values of the Company's derivative instruments designated as cash flow hedges as of December 31, 2013 and 2012. | ||||||||||||||||||||
December 31, 2013 | Notional | Fair Value | Balance Sheet | Weighted | Weighted | Maturity | ||||||||||||||
Amount | Category | Average | Average Pay | |||||||||||||||||
Receive Rate | Rate | |||||||||||||||||||
Interest rate swap | -1 | $ | 25,000 | $ | 820 | Other Assets | 0.54 | % | 2.1 | % | 12/23/19 | |||||||||
Interest rate swap | -2 | 25,000 | 1,002 | Other Assets | 0.56 | % | 2.34 | % | 6/22/20 | |||||||||||
Interest rate swap | -3 | 30,000 | 1,316 | Other Assets | 0.56 | % | 2.52 | % | 9/21/20 | |||||||||||
Interest rate swap | -4 | 20,000 | 277 | Other Assets | 3.3 | % | 4.88 | % | 6/30/19 | |||||||||||
December 31, 2012 | Notional | Fair Value | Balance Sheet | Weighted | Weighted | Maturity | ||||||||||||||
Amount | Category | Average | Average Pay | |||||||||||||||||
Receive Rate | Rate | |||||||||||||||||||
Interest rate swap | -1 | $ | 25,000 | $ | (239 | ) | Other Liabilities | 0.6 | % | 2.1 | % | 12/23/19 | ||||||||
Interest rate swap | -2 | 25,000 | (238 | ) | Other Liabilities | 0.62 | % | 2.34 | % | 6/22/20 | ||||||||||
Interest rate swap | -3 | 30,000 | (267 | ) | Other Liabilities | 0.62 | % | 2.52 | % | 9/21/20 | ||||||||||
The following tables identify the pretax gains (losses) recognized on the Company's derivative instruments designated as cash flow hedges for the years ended December 31, 2013 and 2012. | ||||||||||||||||||||
2013 | Effective Portion | Ineffective Portion | ||||||||||||||||||
Amount of | Reclassified from AOCI into | Recognized in Income on | ||||||||||||||||||
Pretax Gain | Income | Derivatives | ||||||||||||||||||
Recognized in | Amount of | Amount of | ||||||||||||||||||
OCI | Category | Gain (Loss) | Category | Gain (Loss) | ||||||||||||||||
Interest rate swap | -1 | $ | 1,059 | Interest Expense | $ | — | Other Income | $ | — | |||||||||||
Interest rate swap | -2 | 1,240 | Interest Expense | — | Other Income | — | ||||||||||||||
Interest rate swap | -3 | 1,583 | Interest Expense | — | Other Income | — | ||||||||||||||
Interest rate swap | -4 | 277 | Interest Expense | — | Other Income | — | ||||||||||||||
2012 | Effective Portion | Ineffective Portion | ||||||||||||||||||
Amount of | Reclassified from AOCI into | Recognized in Income on | ||||||||||||||||||
Pretax Loss | Income | Derivatives | ||||||||||||||||||
Recognized in | Amount of | Amount of | ||||||||||||||||||
OCI | Category | Gain (Loss) | Category | Gain (Loss) | ||||||||||||||||
Interest rate swap | -1 | $ | (239 | ) | Interest Expense | $ | — | Other Income | $ | — | ||||||||||
Interest rate swap | -2 | (238 | ) | Interest Expense | — | Other Income | — | |||||||||||||
Interest rate swap | -3 | (267 | ) | Interest Expense | — | Other Income | — | |||||||||||||
Income_Taxes_Notes
Income Taxes (Notes) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Income Taxes [Abstract] | ' | ||||||||||||||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||||||||||||||
Income Taxes | |||||||||||||||||||||
The Company files income tax returns in the U.S. federal and various state jurisdictions. Income tax returns for the years 2010 through 2013 remain open to examination by federal and state taxing authorities. | |||||||||||||||||||||
During the years ended December 31, 2013, 2012 and 2011, the Company recognized no material interest or penalties. No accrued interest or penalties are included in accrued tax expenses in the balance sheets as of December 31, 2013 and 2012. | |||||||||||||||||||||
The components of income tax expenses consisted of the following for the years ended December 31, 2013, 2012 and 2011. | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Current: | |||||||||||||||||||||
Federal | $ | 5,097 | $ | 5,129 | $ | 4,441 | |||||||||||||||
State | 1,076 | 996 | 900 | ||||||||||||||||||
Deferred: | |||||||||||||||||||||
Federal | 1,044 | 548 | 630 | ||||||||||||||||||
State | 103 | 91 | 101 | ||||||||||||||||||
Income taxes | $ | 7,320 | $ | 6,764 | $ | 6,072 | |||||||||||||||
Total income tax expenses for the years ended December 31, 2013, 2012 and 2011, differed from the amounts computed by applying the U.S. federal income tax rate of 35 percent to income before income taxes as a result of the following: | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Amount | Percent | Amount | Percent | Amount | Percent | ||||||||||||||||
of Pretax | of Pretax | of Pretax | |||||||||||||||||||
Income | Income | Income | |||||||||||||||||||
Computed expected tax expense | $ | 8,474 | 35 | % | $ | 7,971 | 35 | % | $ | 7,469 | 35 | % | |||||||||
State income tax expense, net of | |||||||||||||||||||||
federal income tax benefit | 687 | 2.8 | 639 | 2.8 | 557 | 2.6 | |||||||||||||||
Tax-exempt interest income | (1,331 | ) | (5.5 | ) | (1,095 | ) | (4.8 | ) | (1,328 | ) | (6.2 | ) | |||||||||
Nondeductible interest expense to | |||||||||||||||||||||
own tax-exempts | 46 | 0.2 | 42 | 0.2 | 54 | 0.3 | |||||||||||||||
Tax-exempt increase in cash value of | |||||||||||||||||||||
life insurance and gains | (226 | ) | (0.9 | ) | (553 | ) | (2.4 | ) | (532 | ) | (2.5 | ) | |||||||||
Valuation allowance | 116 | 0.4 | 98 | 0.4 | 227 | 1.1 | |||||||||||||||
New markets tax credit | (273 | ) | (1.1 | ) | (273 | ) | (1.2 | ) | (273 | ) | (1.3 | ) | |||||||||
Other, net | (173 | ) | (0.7 | ) | (65 | ) | (0.3 | ) | (102 | ) | (0.5 | ) | |||||||||
Income taxes | $ | 7,320 | 30.2 | % | $ | 6,764 | 29.7 | % | $ | 6,072 | 28.5 | % | |||||||||
Net deferred tax assets consist of the following components as of December 31, 2013 and 2012. | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Deferred tax assets: | |||||||||||||||||||||
Allowance for loan losses | $ | 5,241 | $ | 5,901 | |||||||||||||||||
Investment security impairment | 106 | 106 | |||||||||||||||||||
Net unrealized losses on securities available for sale | 3,466 | — | |||||||||||||||||||
Net unrealized losses on interest rate swaps | — | 283 | |||||||||||||||||||
Intangibles | 1,387 | 1,695 | |||||||||||||||||||
Other real estate owned | 1,572 | 1,475 | |||||||||||||||||||
Accrued expenses | 819 | 766 | |||||||||||||||||||
Restricted stock compensation | 140 | 45 | |||||||||||||||||||
State net operating loss carryforward | 647 | 529 | |||||||||||||||||||
Capital loss carryforward | 4,063 | 4,065 | |||||||||||||||||||
Other | 56 | 243 | |||||||||||||||||||
17,497 | 15,108 | ||||||||||||||||||||
Deferred tax liabilities: | |||||||||||||||||||||
Net deferred loan fees and costs | 280 | 272 | |||||||||||||||||||
Net unrealized gains on securities available for sale | — | 1,463 | |||||||||||||||||||
Net unrealized gains on interest rate swaps | 1,297 | — | |||||||||||||||||||
Premises and equipment | 559 | 513 | |||||||||||||||||||
Loans | 1,038 | 878 | |||||||||||||||||||
Other | 314 | 291 | |||||||||||||||||||
3,488 | 3,417 | ||||||||||||||||||||
Net deferred tax assets before valuation allowance | 14,009 | 11,691 | |||||||||||||||||||
Valuation allowance for deferred tax assets | (4,816 | ) | (4,700 | ) | |||||||||||||||||
Net deferred tax assets | $ | 9,193 | $ | 6,991 | |||||||||||||||||
The Company has approximately $10,790 of state net operating loss carryforwards available to the Company to offset future state taxable income. The Company has approximately $9,899 of federal capital loss carryforwards and $9,981 of state capital loss carryforwards available to offset future capital gains. The Company has recorded a valuation allowance against the tax effect of the state net operating loss carryforwards, federal and state capital loss carryforwards, and investment security impairment as management believes it is more likely than not that such carryforwards will expire without being utilized. The state net operating loss carryforwards expire in 2019 and thereafter, and the capital loss carryforwards expire in 2014 through 2016. |
Stock_Compensation_Plans_Notes
Stock Compensation Plans (Notes) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Stock Compensation Plans [Abstract] | ' | |||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | |||||||||||||
Stock Compensation Plans | ||||||||||||||
The West Bancorporation, Inc. 2012 Equity Incentive Plan (the 2012 Plan) was approved by the stockholders in April 2012 as a means to attract, retain and award selected participants. The 2012 Plan is administered by the Compensation Committee of the Board of Directors, and it will determine the specific individuals who will be granted awards under the 2012 Plan and the type and amount of any such awards. All employees and directors of, and service providers to, the Company and its subsidiary are eligible to become participants in the 2012 Plan, except that nonemployees may not be granted incentive stock options. Under the terms of the 2012 Plan, the Company may grant a total of 800,000 shares of the Company's common stock as nonqualified and incentive stock options, stock appreciation rights and stock awards. As of December 31, 2013 and 2012, 656,749 and 733,207 shares, respectively, of the Company's common stock remained available for future awards under the 2012 Plan. | ||||||||||||||
Under the 2012 Plan, the Company may grant RSU awards, as determined by the Compensation Committee, that vest upon the completion of future service requirements or specified performance criteria. All RSUs granted through December 31, 2013 under the 2012 plan were at no cost to the participants, and the participants will not be entitled to dividends until the RSUs have vested. Each RSU entitles the participant to receive one share of common stock on the vesting date or upon the participant's termination due to death or disability, or upon a change in control of the Company if the RSUs are not fully assumed or if the RSUs are assumed and the participant's employment is terminated by the Company without cause or by the participant for good reason. If a participant terminates employment prior to the end of the continuous service period other than due to death, disability or retirement, the award is forfeited. If a participant terminates service due to retirement, the RSUs will continue to vest, subject to provisions of the 2012 Plan. | ||||||||||||||
The following is a summary of nonvested RSU activity for the years ended December 31, 2013 and 2012. | ||||||||||||||
2013 | 2012 | |||||||||||||
Weighted Average | Weighted Average | |||||||||||||
Grant-Date | Grant-Date | |||||||||||||
(actual amounts, not in thousands) | Shares | Fair Value Per Share | Shares | Fair Value Per Share | ||||||||||
Nonvested shares, beginning of period | 66,793 | $ | 9.74 | — | $ | — | ||||||||
Granted | 77,500 | 11.1 | 66,793 | 9.74 | ||||||||||
Vested | (13,956 | ) | 10.17 | — | — | |||||||||
Forfeited | — | — | — | — | ||||||||||
Nonvested shares, end of period | 130,337 | $ | 10.5 | 66,793 | $ | 9.74 | ||||||||
The fair value of restricted stock unit awards that vested during 2013 was $175. Total compensation costs recorded for the RSUs were $378 and $118 for the years ended December 31, 2013 and 2012, respectively. As of December 31, 2013, there was $856 of unrecognized compensation cost related to nonvested RSUs, and the weighted average period over which these remaining costs are expected to be recognized is approximately 2.8 years. |
Employee_Savings_and_Stock_Own
Employee Savings and Stock Ownership Plan (Notes) | 12 Months Ended |
Dec. 31, 2013 | |
Employee Savings and Stock Ownership Plan [Abstract] | ' |
Compensation and Employee Benefit Plans [Text Block] | ' |
Employee Savings and Stock Ownership Plan | |
The Company has an employee savings and stock ownership plan covering substantially all its employees. The plan consists of two components. One component is an employee stock ownership plan. The other component is a discretionary contribution plan. Both components have a qualified cash or deferred arrangement under Internal Revenue Code Section 401(k). The purpose of the plan is to offer participants a systematic program for the accumulation of retirement and savings income, as well as a means by which to obtain beneficial interest of ownership in Company stock. The stock ownership component of the plan, which is optional, is intended to invest exclusively in common stock of the Company. | |
The contributions made by the Company to the discretionary contribution component are determined annually by the Board of Directors. Total discretionary contribution expense for the years ended December 31, 2013, 2012 and 2011, totaled $357, $338 and $437, respectively. | |
The plan allows eligible employees to defer a portion of their compensation ranging from one percent to the maximum dollar amount allowed by current law, with the Company matching a portion of the employees' contributions. Effective January 1, 2012, the Company's match was 100 percent of the first six percent of employee deferrals. Prior to January 1, 2012, the Company's match was 100 percent of the first three percent of employee deferrals and 50 percent of the next two percent of employee deferrals. Forfeitures are used to reduce employer contributions. Expense related to company matching contributions for the years ended December 31, 2013, 2012 and 2011, totaled $556, $503 and $315, respectively. | |
As of December 31, 2013 and 2012, the plan held 311,121 and 280,456 shares, respectively, of the Company's common stock. These shares are included in the computation of earnings per share. Dividends on shares held in the plan may be reinvested in Company common stock or paid in cash to the participants, at the election of the participants |
Common_Stock_Repurchase_Notes
Common Stock Repurchase (Notes) | 12 Months Ended |
Dec. 31, 2013 | |
Common Stock Repurchase [Abstract] | ' |
Stockholders' Equity Note Disclosure [Text Block] | ' |
Common Stock Repurchase | |
On June 4, 2013 the Company entered into an agreement to repurchase 1,440,592 shares of its common stock from American Equity Investment Life Holding Company and American Equity Life Insurance Company. The shares represented 8.27 percent of the total outstanding common shares of the Company as of that date. The purchase took place on June 5, 2013 at a price of $10.95 per share. The repurchased shares were canceled, thus reducing the Company's total issued and outstanding common shares to 15,969,464 as of that date. The purchase was financed as described in Note 8. | |
On July 24, 2013 the Board of Directors approved a stock repurchase plan which authorized management to purchase up to $2 million of the Company's common stock within a nine-month period ending April 24, 2014. The authorization does not require such purchases and is subject to certain restrictions. Shares of Company common stock may be repurchased on the open market or in privately negotiated transactions. The extent to which the shares are repurchased and the timing of such repurchase will depend on market conditions and other corporate considerations. No shares had been repurchased under the authorization as of December 31, 2013. |
Comprehensive_Income_Notes
Comprehensive Income (Notes) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Comprehensive Income [Abstract] | ' | |||||||||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | |||||||||||||||
Comprehensive Income | ||||||||||||||||
The following table summarizes the changes in the balances of each component of accumulated other comprehensive income (loss), net of tax, for the years ended December 31, 2013, 2012 and 2011. | ||||||||||||||||
Noncredit-related | ||||||||||||||||
Unrealized | Unrealized | Unrealized | Accumulated | |||||||||||||
Gains (Losses) | Gains (Losses) | Gains | Other | |||||||||||||
on Securities | on Securities | (Losses) on | Comprehensive | |||||||||||||
with OTTI | without OTTI | Derivatives | Income (Loss) | |||||||||||||
Balance, December 31, 2010 | $ | (1,943 | ) | $ | (704 | ) | $ | — | $ | (2,647 | ) | |||||
Current period, other comprehensive income | 3 | 3,298 | — | 3,301 | ||||||||||||
Balance, December 31, 2011 | (1,940 | ) | 2,594 | — | 654 | |||||||||||
Current period, other comprehensive income (loss) | 181 | 1,552 | (461 | ) | 1,272 | |||||||||||
Balance, December 31, 2012 | (1,759 | ) | 4,146 | (461 | ) | 1,926 | ||||||||||
Other comprehensive income (loss) before | ||||||||||||||||
reclassifications | 320 | (8,363 | ) | 2,579 | (5,464 | ) | ||||||||||
Amounts reclassified from accumulated other | ||||||||||||||||
comprehensive income | — | — | — | — | ||||||||||||
Net current period other comprehensive income (loss) | 320 | (8,363 | ) | 2,579 | (5,464 | ) | ||||||||||
Balance, December 31, 2013 | $ | (1,439 | ) | $ | (4,217 | ) | $ | 2,118 | $ | (3,538 | ) | |||||
The following tables show the tax effects allocated to each component of other comprehensive income (loss) for the years ended December 31, 2013, 2012 and 2011. | ||||||||||||||||
2013 | ||||||||||||||||
Before Tax | Tax (Expense) | Net of Tax | ||||||||||||||
Amount | Benefit | Amount | ||||||||||||||
Unrealized noncredit-related gains on securities with OTTI: | ||||||||||||||||
Unrealized holding gains arising during period | $ | 516 | $ | (196 | ) | $ | 320 | |||||||||
Less: reclassification adjustment for net losses realized in net income | — | — | — | |||||||||||||
Net unrealized holding gains for securities with OTTI | 516 | (196 | ) | 320 | ||||||||||||
Unrealized losses on securities without OTTI: | ||||||||||||||||
Unrealized holding losses arising during period | (13,488 | ) | 5,125 | (8,363 | ) | |||||||||||
Less: reclassification adjustment for net gains realized in net income | — | — | — | |||||||||||||
Net unrealized losses on securities without OTTI | (13,488 | ) | 5,125 | (8,363 | ) | |||||||||||
Unrealized gains on derivatives: | ||||||||||||||||
Unrealized gains on derivatives arising during period | 4,159 | (1,580 | ) | 2,579 | ||||||||||||
Other comprehensive (loss) | $ | (8,813 | ) | $ | 3,349 | $ | (5,464 | ) | ||||||||
2012 | ||||||||||||||||
Before Tax | Tax (Expense) | Net of Tax | ||||||||||||||
Amount | Benefit | Amount | ||||||||||||||
Unrealized noncredit-related gains on securities with OTTI: | ||||||||||||||||
Unrealized holding gains arising during period | $ | 89 | $ | (34 | ) | $ | 55 | |||||||||
Less: reclassification adjustment for net losses realized in net income | 203 | (77 | ) | 126 | ||||||||||||
Net unrealized holding gains for securities with OTTI | 292 | (111 | ) | 181 | ||||||||||||
Unrealized gains on securities without OTTI: | ||||||||||||||||
Unrealized holding gains arising during period | 2,749 | (1,045 | ) | 1,704 | ||||||||||||
Less: reclassification adjustment for net gains realized in net income | (246 | ) | 94 | (152 | ) | |||||||||||
Net unrealized gains on securities without OTTI | 2,503 | (951 | ) | 1,552 | ||||||||||||
Unrealized losses on derivatives: | ||||||||||||||||
Unrealized losses on derivatives arising during period | (744 | ) | 283 | (461 | ) | |||||||||||
Other comprehensive income | $ | 2,051 | $ | (779 | ) | $ | 1,272 | |||||||||
2011 | ||||||||||||||||
Before Tax | Tax (Expense) | Net of Tax | ||||||||||||||
Amount | Benefit | Amount | ||||||||||||||
Unrealized noncredit-related gains on securities with OTTI: | ||||||||||||||||
Unrealized holding losses arising during period | $ | (94 | ) | $ | 36 | $ | (58 | ) | ||||||||
Less: reclassification adjustment for net losses realized in net income | 99 | (38 | ) | 61 | ||||||||||||
Net unrealized holding gains for securities with OTTI | 5 | (2 | ) | 3 | ||||||||||||
Unrealized gains on securities without OTTI: | ||||||||||||||||
Unrealized holding gains arising during period | 5,320 | (2,022 | ) | 3,298 | ||||||||||||
Less: reclassification adjustment for net gains realized in net income | — | — | — | |||||||||||||
Net unrealized gains on securities without OTTI | 5,320 | (2,022 | ) | 3,298 | ||||||||||||
Other comprehensive income | $ | 5,325 | $ | (2,024 | ) | $ | 3,301 | |||||||||
Regulatory_Capital_Requirement
Regulatory Capital Requirements (Notes) | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||
Regulatory Capital Requirements [Abstract] | ' | |||||||||||||||||||||
Regulatory Capital Requirements under Banking Regulations [Text Block] | ' | |||||||||||||||||||||
Regulatory Capital Requirements | ||||||||||||||||||||||
The Company and West Bank are subject to various regulatory capital requirements administered by federal and state banking agencies. Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators which, if undertaken, could have a direct material effect on the Company's consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and West Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Company's and West Bank's capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. | ||||||||||||||||||||||
Quantitative measures established by regulation to ensure capital adequacy require the Company and West Bank to maintain minimum amounts and ratios (set forth in the following table) of total and Tier 1 capital to risk-weighted assets and of Tier 1 capital to average assets. Management believes the Company and West Bank met all capital adequacy requirements to which they were subject as of December 31, 2013. Prompt corrective action provisions are not applicable to the Company. | ||||||||||||||||||||||
The Company's and West Bank's capital amounts and ratios are presented in the following table as of December 31, 2013 and 2012. | ||||||||||||||||||||||
Actual | To Be Well-Capitalized For Capital | To Be Well-Capitalized | ||||||||||||||||||||
Adequacy Purposes | Under Prompt | |||||||||||||||||||||
Corrective | ||||||||||||||||||||||
Action Provisions | ||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | |||||||||||||||||
As of December 31, 2013: | ||||||||||||||||||||||
Total Capital (to Risk-Weighted Assets) | ||||||||||||||||||||||
Consolidated | $ | 160,737 | 13.94 | % | $ | 92,265 | 8 | % | N/A | N/A | ||||||||||||
West Bank | 155,666 | 13.86 | 89,859 | 8 | $ | 112,323 | 10 | % | ||||||||||||||
Tier 1 Capital (to Risk-Weighted Assets) | ||||||||||||||||||||||
Consolidated | 146,946 | 12.74 | 46,133 | 4 | N/A | N/A | ||||||||||||||||
West Bank | 141,875 | 12.63 | 44,929 | 4 | 67,394 | 6 | ||||||||||||||||
Tier 1 Capital (to Average Assets) | ||||||||||||||||||||||
Consolidated | 146,946 | 10.04 | 58,520 | 4 | N/A | N/A | ||||||||||||||||
West Bank | 141,875 | 9.8 | 57,882 | 4 | 72,353 | 5 | ||||||||||||||||
As of December 31, 2012: | ||||||||||||||||||||||
Total Capital (to Risk-Weighted Assets) | ||||||||||||||||||||||
Consolidated | $ | 165,995 | 15.56 | % | $ | 85,331 | 8 | % | N/A | N/A | ||||||||||||
West Bank | 145,252 | 14.03 | 82,844 | 8 | $ | 103,555 | 10 | % | ||||||||||||||
Tier 1 Capital (to Risk-Weighted Assets) | ||||||||||||||||||||||
Consolidated | 152,635 | 14.31 | 42,666 | 4 | N/A | N/A | ||||||||||||||||
West Bank | 132,276 | 12.77 | 41,422 | 4 | 62,133 | 6 | ||||||||||||||||
Tier 1 Capital (to Average Assets) | ||||||||||||||||||||||
Consolidated | 152,635 | 11.23 | 54,387 | 4 | N/A | N/A | ||||||||||||||||
West Bank | 132,276 | 9.85 | 53,722 | 4 | 67,153 | 5 | ||||||||||||||||
In early July 2013, the Federal Reserve Board and the FDIC issued final rules implementing the Basel III regulatory capital framework and related Dodd-Frank Wall Street Reform and Consumer Protection Act changes. The rules revise minimum capital requirements and adjust prompt corrective action thresholds. The final rules revise the regulatory capital elements, add a new common equity Tier 1 capital ratio, increase the minimum Tier 1 capital ratio requirement, and implement a new capital conservation buffer. The rules also permit certain banking organizations to retain, through a one-time election, the existing treatment for AOCI. The final rules will take effect for community banks beginning January 1, 2015, subject to a transition period for certain parts of the rules. The complex final rules require careful review and analysis, but management believes the Company and West Bank will remain well-capitalized under the new rules. | ||||||||||||||||||||||
The ability of the Company to pay dividends to its stockholders is dependent upon dividends paid by its subsidiary, West Bank. There are currently no restrictions on such dividends, besides the general restrictions imposed on all banks by applicable law. | ||||||||||||||||||||||
The Company's tangible common equity ratio at December 31, 2013, was 8.57 percent, down from 9.29 percent at December 31, 2012. The tangible common equity ratio is computed by dividing total equity less preferred stock and intangible assets by total assets less intangible assets. As of December 31, 2013 and 2012, the Company had no intangible assets |
Commitments_and_Contingencies_
Commitments and Contingencies (Notes) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Commitments and Contingencies [Abstract] | ' | |||||||
Commitments and Contingencies Disclosure [Text Block] | ' | |||||||
Commitments and Contingencies | ||||||||
The Company leases real estate under a number of noncancelable operating lease agreements. Rent expense related to these leases was $1,775, $1,583 and $1,541, for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||
Total approximate minimum rental commitments were as follows as of December 31, 2013. | ||||||||
2014 | $ | 1,725 | ||||||
2015 | 1,699 | |||||||
2016 | 1,688 | |||||||
2017 | 1,695 | |||||||
2018 | 1,703 | |||||||
Thereafter | 14,080 | |||||||
$ | 22,590 | |||||||
As of December 31, 2013, the Company had a $2,899 contractual commitment related to the construction of a new office in Coralville, Iowa and a $1,021 purchase agreement related to the acquisition of land in Rochester, Minnesota. Subject to regulatory approval, the Company anticipates building a permanent office in 2015. | ||||||||
Required reserve balances: West Bank is required to maintain an average reserve balance with the Federal Reserve Bank, which is included in cash and due from banks. Required reserve balances were approximately $5,535 and $3,201 as of December 31, 2013 and 2012, respectively. | ||||||||
Financial instruments with off-balance-sheet risk: The Company is party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. | ||||||||
The Company's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations that it uses for on-balance-sheet instruments. The Company's commitments consisted of the following approximate amounts as of December 31, 2013 and 2012. | ||||||||
2013 | 2012 | |||||||
Commitments to extend credit | $ | 388,197 | $ | 360,879 | ||||
Standby letters of credit | 3,546 | 10,488 | ||||||
$ | 391,743 | $ | 371,367 | |||||
Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments to extend credit generally expire within one year. Home equity commitments to extend credit of approximately $13,087 at December 31, 2013, expire within ten years. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained is based on management's credit evaluation of the party. Collateral held varies, but may include accounts receivable, inventory, equipment, and residential and commercial real estate. | ||||||||
Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party and generally expire within one year. Those guarantees are primarily issued to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. Collateral held varies as specified above and is required in instances the Company deems necessary. In the event the customer does not perform in accordance with the terms of the third-party agreement, West Bank would be required to fund the commitment. The maximum potential amount of future payments West Bank could be required to make is represented by the contractual amount for letters of credit shown in the table above. If the commitment is funded, West Bank would be entitled to seek recovery from the customer. At December 31, 2013 and 2012, no amounts have been recorded as liabilities for West Bank's potential obligations under these guarantees. | ||||||||
West Bank has executed MPF Master Commitments (Commitments) with the FHLB of Des Moines to deliver mortgage loans and to guarantee the payment of any realized losses that exceed the FHLB's first loss account for mortgages delivered under the Commitments. West Bank receives credit enhancement fees from the FHLB for providing this guarantee and continuing to assist with managing the credit risk of the MPF Program mortgage loans. The term of the current Commitment is through January 16, 2015. At December 31, 2013, the liability represented by the present value of the credit enhancement fees less any expected losses in the mortgages delivered under the Commitments was approximately $467. | ||||||||
Residential mortgage loans sold to investors in the secondary market are sold with varying recourse provisions. Essentially, all loan sales agreements require the repurchase of a mortgage loan by the seller in situations such as breach of representation, warranty, or covenant, untimely document delivery, false or misleading statements, failure to obtain certain certificates or insurance, and unmarketability, among other things. Certain loan sales agreements contain repurchase requirements based on payment-related defects that are defined in terms of the number of days/months since the purchase, the sequence number of the payment and/or the number of days of payment delinquency. Based on the specific terms stated in the agreements of investors purchasing residential mortgage loans from West Bank, the Company had approximately $147,000 and $116,000 of sold residential mortgage loans with recourse provisions still in effect at December 31, 2013 and 2012, respectively. West Bank did not repurchase any loans from secondary market investors under the terms of loan sale agreements during the years ended December 31, 2013 and 2012. In the opinion of management, the risk of recourse and the subsequent requirement that West Bank repurchase the loans is not significant, and accordingly, the only liability established relates to loans sold under the FHLB MPF Program. | ||||||||
Concentrations of credit risk: Substantially all of the Company's loans, commitments to extend credit, and standby letters of credit have been granted to customers in the Company's market areas (a 50-mile radius of the greater Des Moines, Iowa, metropolitan area, a 30-mile radius of the Iowa City, Iowa, metropolitan area and a 30-mile radius of the Rochester, Minnesota metropolitan area). The concentrations of credit by type of loan are set forth in Note 3. The distribution of commitments to extend credit approximates the distribution of loans outstanding. Standby letters of credit were granted primarily to commercial borrowers. The majority of the securities issued by state and political subdivisions involve governmental entities within the state of Iowa. Securities totaling $31,878 were issued by other states with similar credit risks. | ||||||||
Contingencies: On September 29, 2010, West Bank was sued in a purported class action lawsuit that, as amended, asserts that nonsufficient funds fees charged by West Bank to Iowa resident noncommercial customers on bank debit card transactions, but not checks or Automated Clearing House items, are usurious under Iowa law, rather than allowable fees, and that the sequence in which West Bank formerly posted items for payment in consumer demand accounts violated various alleged duties of good faith. As West Bank understands the current claims, plaintiffs are seeking alternative remedies that include injunctive relief, damages (including treble damages), punitive damages, refund of fees and attorney fees. West Bank believes the lawsuit allegations are incorrect both factually and legally in multiple ways and is vigorously defending the action. Substantial discovery has been completed. West Bank has filed three motions for summary judgment and the plaintiffs have filed a motion for class certification. Hearings were held on all motions in early January 2014. West Bank expects rulings on all of the motions during the next few months. The Iowa Rules of Civil Procedure provide a right to appeal an order certifying or refusing to certify an action as a class action to the Iowa Supreme Court. The summary judgment issues would also likely be considered in any such appeal. If an appeal related to the pending motions is taken, it will not be completed in 2014. The amount of potential loss, if any, cannot be reasonably estimated now because the multiple alternative claims involve different time periods and present different defenses related to potential liability, class certification and damages. | ||||||||
In the normal course of business, the Company and West Bank are involved in various other legal proceedings. In the opinion of management, any liability resulting from such proceedings would not have a material adverse effect on the consolidated financial statements |
Fair_Value_Measurements_Notes
Fair Value Measurements (Notes) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Fair Value Measurements [Abstract] | ' | |||||||||||||||||
Fair Value Disclosures [Text Block] | ' | |||||||||||||||||
Fair Value Measurements | ||||||||||||||||||
Accounting guidance on fair value measurements and disclosures defines fair value, establishes a framework for measuring the fair value of assets and liabilities using a hierarchy system, and defines required disclosures. It clarifies that fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the market in which the reporting entity transacts business. | ||||||||||||||||||
The Company's balance sheet contains investment securities available for sale and derivative instruments that are recorded at fair value on a recurring basis. The three-level valuation hierarchy for disclosure of fair value is as follows: | ||||||||||||||||||
Level 1 uses quoted market prices in active markets for identical assets or liabilities. | ||||||||||||||||||
Level 2 uses observable market-based inputs or unobservable inputs that are corroborated by market data. | ||||||||||||||||||
Level 3 uses unobservable inputs that are not corroborated by market data. | ||||||||||||||||||
The Company's policy is to recognize transfers between Levels at the end of each reporting period, if applicable. There were no transfers between Levels of the fair value hierarchy during 2013 or 2012. | ||||||||||||||||||
The following is a description of valuation methodologies used for assets and liabilities recorded at fair value on a recurring basis. | ||||||||||||||||||
Investment securities available for sale: When available, quoted market prices are used to determine the fair value of investment securities. If quoted market prices are not available, the Company determines fair value based on various sources and may apply matrix pricing with observable prices for similar bonds where a price for the identical bond is not observable. The fair values of these securities are determined by pricing models that consider observable market data such as interest rate volatilities, LIBOR yield curve, credit spreads, prices from market makers and live trading systems. Level 1 securities include certain corporate bonds and preferred stocks, and would include U.S. Treasuries, if any were held. Level 2 securities include U.S. government and agency securities, collateralized mortgage obligations, mortgage-backed securities, state and political subdivision securities, and certain corporate bonds and trust preferred securities. Certain investment securities are not valued based on observable inputs and are, therefore, classified as Level 3. The fair value of these securities is based on management's best estimates. | ||||||||||||||||||
Generally, management obtains the fair value of investment securities at the end of each reporting period via a third-party pricing service. Management, with the assistance of an independent investment advisory firm, reviewed the valuation process used by the third party and believed that process was valid. On a quarterly basis, management corroborates the fair values of investment securities by obtaining pricing from an independent investment advisory firm and compares the two sets of fair values. Any significant variances are reviewed and investigated. In addition, the Company instituted a practice of further testing the fair values of a sample of securities. For that sample, the prices are further validated by management, with assistance from an independent investment advisory firm, by obtaining details of the inputs used by the pricing service. Those inputs were independently tested, and management concluded the fair values were consistent with GAAP requirements and securities were properly classified in the fair value hierarchy. | ||||||||||||||||||
Derivative instruments: The Company's derivative instruments consist of interest rate swaps, which are accounted for as cash flow hedges. The Company's derivative position is classified within Level 2 of the fair value hierarchy and is valued using models generally accepted in the financial services industry and that use actively quoted or observable market input values from external market data providers and/or non-binding broker-dealer quotations. The fair value of the derivative is determined using discounted cash flow models. These models’ key assumptions include the contractual terms of the respective contract along with significant observable inputs, including interest rates, yield curves, nonperformance risk and volatility. Derivative contracts are executed with a Credit Support Annex, which is a bilateral ratings-sensitive agreement that requires collateral postings at established credit threshold levels. These agreements protect the interests of the Company and its counterparties should either party suffer a credit rating deterioration. | ||||||||||||||||||
The following tables present the balances of assets and liabilities measured at fair value on a recurring basis by level as of December 31, 2013 and 2012. | ||||||||||||||||||
2013 | ||||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Investment securities available for sale: | ||||||||||||||||||
U.S. government agencies and corporations | $ | 12,871 | $ | — | $ | 12,871 | $ | — | ||||||||||
State and political subdivisions | 87,788 | — | 87,788 | — | ||||||||||||||
Collateralized mortgage obligations | 168,648 | — | 168,648 | — | ||||||||||||||
Mortgage-backed securities | 58,156 | — | 58,156 | — | ||||||||||||||
Trust preferred securities | 2,745 | — | 895 | 1,850 | ||||||||||||||
Corporate notes and equity securities | 15,008 | 14,708 | 300 | — | ||||||||||||||
Total investment securities available for sale | 345,216 | 14,708 | 328,658 | 1,850 | ||||||||||||||
Derivative instruments: | ||||||||||||||||||
Interest rate swaps | 3,415 | — | 3,415 | — | ||||||||||||||
Total assets measured at fair value on a recurring basis | $ | 348,631 | $ | 14,708 | $ | 332,073 | $ | 1,850 | ||||||||||
2012 | ||||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Investment securities available for sale: | ||||||||||||||||||
U.S. government agencies and corporations | $ | 13,034 | $ | — | $ | 13,034 | $ | — | ||||||||||
State and political subdivisions | 56,761 | — | 56,761 | — | ||||||||||||||
Collateralized mortgage obligations | 173,594 | — | 173,594 | — | ||||||||||||||
Mortgage-backed securities | 38,424 | — | 38,424 | — | ||||||||||||||
Trust preferred securities | 2,095 | — | 761 | 1,334 | ||||||||||||||
Corporate notes and equity securities | 8,406 | 7,780 | 626 | — | ||||||||||||||
Total assets measured at fair value on a recurring basis | 292,314 | 7,780 | 283,200 | 1,334 | ||||||||||||||
Derivative instruments: | ||||||||||||||||||
Interest rate swaps | $ | 744 | $ | — | $ | 744 | $ | — | ||||||||||
Total liabilities measured at fair value on a recurring basis | $ | 744 | $ | — | $ | 744 | $ | — | ||||||||||
The following table presents changes in investment securities available for sale with significant unobservable inputs (Level 3) for the years ended December 31, 2013, 2012 and 2011. The activity in the table consists of one pooled TPS (ALESCO Preferred Funding X, Ltd.) | ||||||||||||||||||
Investment securities available for sale: | 2013 | 2012 | 2011 | |||||||||||||||
Beginning balance | $ | 1,334 | $ | 1,245 | $ | 1,339 | ||||||||||||
Transfer into Level 3 | — | — | — | |||||||||||||||
Total gains or (losses): | ||||||||||||||||||
Included in earnings | — | (203 | ) | (99 | ) | |||||||||||||
Included in other comprehensive income | 516 | 292 | 5 | |||||||||||||||
Sale of security | — | — | — | |||||||||||||||
Principal payments | — | — | — | |||||||||||||||
Ending balance | $ | 1,850 | $ | 1,334 | $ | 1,245 | ||||||||||||
The following tables present additional quantitative information about assets measured on a recurring basis for which the Company has utilized Level 3 inputs to determine fair value as of December 31, 2013 and 2012. | ||||||||||||||||||
December 31, 2013 | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range (Average) | |||||||||||||||
ALESCO Preferred Funding X, Ltd. | $ | 1,850 | Discounted cash flow | Discount rate | N/A (17.0%) | |||||||||||||
Prepayment rate | 0.0% - 75.0% (5.6%) | |||||||||||||||||
Probability of default | 1.9% - 100.0% (18.9%) | |||||||||||||||||
Expected losses on | 20.0% - 100.0% (88.3%) | |||||||||||||||||
defaulted collateral | ||||||||||||||||||
Recovery probabilities | 0.0% - 75.0% (29.8%) | |||||||||||||||||
for deferring collateral | ||||||||||||||||||
December 31, 2012 | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range (Average) | |||||||||||||||
ALESCO Preferred Funding X, Ltd. | $ | 1,334 | Discounted cash flow | Discount rate | N/A (16.8%) | |||||||||||||
Prepayment rate | 0.0% - 75.0% (5.2%) | |||||||||||||||||
Probability of default | 2.8% - 100.0% (19.4%) | |||||||||||||||||
Expected losses on | 85.0% - 100.0% (88.5%) | |||||||||||||||||
defaulted collateral | ||||||||||||||||||
Recovery probabilities | 0.0% - 75.0% (26.3%) | |||||||||||||||||
for deferring collateral | ||||||||||||||||||
Certain assets are measured at fair value on a nonrecurring basis. That is, they are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). The following tables present those assets carried on the balance sheet by caption and by level within the valuation hierarchy as of December 31, 2013 and 2012. | ||||||||||||||||||
2013 | ||||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Assets: | ||||||||||||||||||
Impaired loans | $ | 1,270 | $ | — | $ | — | $ | 1,270 | ||||||||||
Other real estate owned | 5,800 | — | — | 5,800 | ||||||||||||||
Total | $ | 7,070 | $ | — | $ | — | $ | 7,070 | ||||||||||
2012 | ||||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Assets: | ||||||||||||||||||
Impaired loans | $ | 5,182 | $ | — | $ | — | $ | 5,182 | ||||||||||
Other real estate owned | 8,304 | — | — | 8,304 | ||||||||||||||
Total | $ | 13,486 | $ | — | $ | — | $ | 13,486 | ||||||||||
Loans in the previous tables consist of impaired loans for which a fair value adjustment was recorded. Impaired loans are evaluated and valued at the lower of cost or fair value when the loan is identified as impaired. Fair value is measured based on the value of the collateral securing these loans. Collateral may be real estate or business assets such as equipment, inventory or accounts receivable. Fair value is determined by management evaluations or independent appraisals. Appraised or reported values may be discounted based on management's opinions concerning market developments or the client's business. Other real estate owned in the tables above consists of property acquired through foreclosures and settlements of loans. Property acquired is carried at fair value of the property less estimated disposal costs. Fair value of other real estate owned is determined by management obtaining appraisals or other market value information at the time of acquisition, is updated at least annually and may be discounted. | ||||||||||||||||||
The following tables present additional quantitative information about assets measured at fair value on a nonrecurring basis for which the Company has utilized Level 3 inputs to determine fair value as of December 31, 2013 and 2012. | ||||||||||||||||||
December 31, 2013 | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range (Average) | |||||||||||||||
Impaired loans | $ | 1,270 | Evaluation of collateral | Estimation of value | NM* | |||||||||||||
Other real estate owned | 5,800 | Appraisal | Appraisal adjustment | 0.0% - 50.0% (10.6%) | ||||||||||||||
December 31, 2012 | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range (Average) | |||||||||||||||
Impaired loans | $ | 5,182 | Evaluation of collateral | Estimation of value | NM* | |||||||||||||
Other real estate owned | 8,304 | Appraisal | Appraisal adjustment | 0.0% - 50.0% (28.4%) | ||||||||||||||
* Not Meaningful. Evaluations of the underlying assets are completed for each impaired loan with a specific reserve. The types of collateral vary widely and could include accounts receivable, inventory, a variety of equipment and real estate. Collateral evaluations are reviewed and discounted as appropriate based on knowledge of the specific type of collateral. In the case of real estate, an independent appraisal may be obtained. Types of discounts considered include aging of receivables, condition of the collateral, potential market for the collateral and estimated disposal costs. These discounts will vary from loan to loan, thus providing a range would not be meaningful. | ||||||||||||||||||
GAAP requires disclosure of the fair value of financial assets and financial liabilities, including those that are not measured and reported at fair value on a recurring or nonrecurring basis. The methodologies for estimating the fair value of financial assets and financial liabilities that are measured at fair value on a recurring or nonrecurring basis are discussed above. The methodologies for other financial assets and financial liabilities are discussed below. | ||||||||||||||||||
Cash and due from banks: The carrying amount approximates fair value. | ||||||||||||||||||
Federal funds sold and other short-term investments: The carrying amount approximates fair value. | ||||||||||||||||||
FHLB stock: The fair value of this restricted stock is estimated at its carrying value and redemption price of $100 per share. | ||||||||||||||||||
Loans held for sale: The fair values of loans held for sale are based on estimated sales prices. | ||||||||||||||||||
Loans: The fair values of fixed rate loans are estimated using discounted cash flow analysis based on observable market interest rates currently being offered for loans with similar terms to borrowers with similar credit quality. The carrying values of variable rate loans approximate their fair values. | ||||||||||||||||||
Deposits: The carrying amounts for demand and savings deposits, which represent the amounts payable on demand, approximate their fair values. The fair values for fixed rate certificates of deposit are estimated using discounted cash flow analysis, based on observable market interest rates currently being offered on certificates with similar terms. The carrying values of variable rate certificates of deposit approximate their fair values. | ||||||||||||||||||
Accrued interest receivable and payable: The fair values of both accrued interest receivable and payable approximate their carrying amounts. | ||||||||||||||||||
Borrowings: The carrying amounts of federal funds purchased, securities sold under agreements to repurchase and variable rate long-term borrowings approximates their fair values. Fair values of FHLB advances, subordinated notes and other long-term borrowings are estimated using a discounted cash flow analysis, based on observable market interest rates currently being offered with similar terms. | ||||||||||||||||||
Commitments to extend credit and standby letters of credit: The approximate fair values of commitments and standby letters of credit are based on the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and creditworthiness of the counterparties. | ||||||||||||||||||
The following table presents the carrying amounts and approximate fair values of financial assets and liabilities as of December 31, 2013 and 2012. | ||||||||||||||||||
2013 | 2012 | |||||||||||||||||
Fair Value | Carrying | Approximate | Carrying | Approximate | ||||||||||||||
Hierarchy Level | Amount | Fair Value | Amount | Fair Value | ||||||||||||||
Financial assets: | ||||||||||||||||||
Cash and due from banks | Level 1 | $ | 41,126 | $ | 41,126 | $ | 60,417 | $ | 60,417 | |||||||||
Federal funds sold and other short-term | ||||||||||||||||||
investments | Level 1 | 1,299 | 1,299 | 111,057 | 111,057 | |||||||||||||
Investment securities available for sale | See previous table | 345,216 | 345,216 | 292,314 | 292,314 | |||||||||||||
Federal Home Loan Bank stock | Level 1 | 11,851 | 11,851 | 11,789 | 11,789 | |||||||||||||
Loans held for sale | Level 2 | 2,230 | 2,242 | 3,363 | 3,409 | |||||||||||||
Loans, net (1) | Level 2 | 977,929 | 990,811 | 911,872 | 928,048 | |||||||||||||
Accrued interest receivable | Level 1 | 4,007 | 4,007 | 3,652 | 3,652 | |||||||||||||
Interest rate swaps | See previous table | 3,415 | 3,415 | — | — | |||||||||||||
Financial liabilities: | ||||||||||||||||||
Deposits | Level 2 | $ | 1,163,842 | $ | 1,165,112 | $ | 1,134,576 | $ | 1,136,378 | |||||||||
Federal funds purchased and securities | ||||||||||||||||||
sold under agreements to repurchase | Level 1 | 16,622 | 16,622 | 55,596 | 55,596 | |||||||||||||
Accrued interest payable | Level 1 | 429 | 429 | 472 | 472 | |||||||||||||
Subordinated notes | Level 2 | 20,619 | 11,819 | 20,619 | 12,010 | |||||||||||||
Federal Home Loan Bank advances, net | Level 2 | 95,392 | 94,785 | 93,890 | 95,741 | |||||||||||||
Long-term debt | Level 2 | 15,935 | 16,112 | — | — | |||||||||||||
Interest rate swaps | See previous table | — | — | 744 | 744 | |||||||||||||
Off-balance-sheet financial instruments: | ||||||||||||||||||
Commitments to extend credit | Level 3 | — | — | — | — | |||||||||||||
Standby letters of credit | Level 3 | — | — | — | — | |||||||||||||
-1 | All loans are Level 2 except impaired loans of $1,270 and $5,182 as of December 31, 2013 and 2012, respectively, which are Level 3. |
West_Bancorporation_Inc_Parent
West Bancorporation, Inc. (Parent Company Only) Condensed Financial Statements (Notes) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
West Bancorporation, Inc. (Parent Company Ony) Condensed Financial Statements [Abstract] | ' | ||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | ' | ||||||||||||
West Bancorporation, Inc. (Parent Company Only) Condensed Financial Statements | |||||||||||||
Balance Sheets | |||||||||||||
December 31, 2013 and 2012 | |||||||||||||
2013 | 2012 | ||||||||||||
ASSETS | |||||||||||||
Cash | $ | 6,705 | $ | 6,999 | |||||||||
Investment securities available for sale | 1,850 | 1,334 | |||||||||||
Investment in West Bank | 139,822 | 135,987 | |||||||||||
Investment in West Bancorporation Capital Trust I | 619 | 619 | |||||||||||
Premises, net | 3,967 | 2,371 | |||||||||||
Other real estate owned | 5,456 | 6,907 | |||||||||||
Other assets | 1,869 | 1,285 | |||||||||||
Total assets | $ | 160,288 | $ | 155,502 | |||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||||||||
LIABILITIES | |||||||||||||
Accrued expenses and other liabilities | $ | 109 | $ | 296 | |||||||||
Subordinated notes | 20,619 | 20,619 | |||||||||||
Long-term debt | 15,935 | — | |||||||||||
Total liabilities | 36,663 | 20,915 | |||||||||||
STOCKHOLDERS' EQUITY | |||||||||||||
Preferred stock | — | — | |||||||||||
Common stock | 3,000 | 3,000 | |||||||||||
Additional paid-in capital | 18,411 | 33,805 | |||||||||||
Retained earnings | 105,752 | 95,856 | |||||||||||
Accumulated other comprehensive income (loss) | (3,538 | ) | 1,926 | ||||||||||
Total stockholders' equity | 123,625 | 134,587 | |||||||||||
Total liabilities and stockholders' equity | $ | 160,288 | $ | 155,502 | |||||||||
Statements of Income | |||||||||||||
Years Ended December 31, 2013, 2012, and 2011 | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Operating income: | |||||||||||||
Equity in net income of West Bank | $ | 18,609 | $ | 17,700 | $ | 17,398 | |||||||
Equity in net income of West Bancorporation Capital Trust I | 21 | 22 | 21 | ||||||||||
Interest and dividend income | — | 44 | 49 | ||||||||||
Investment securities impairment losses | — | (203 | ) | (99 | ) | ||||||||
Intercompany rental income | 145 | 36 | — | ||||||||||
Other income | — | — | 55 | ||||||||||
Total operating income | 18,775 | 17,599 | 17,424 | ||||||||||
Operating expenses: | |||||||||||||
Interest on subordinated notes | 711 | 751 | 715 | ||||||||||
Interest on long-term debt | 188 | — | — | ||||||||||
Occupancy | 49 | 10 | — | ||||||||||
Other real estate owned expense | 1,511 | 1,011 | 2,021 | ||||||||||
Other expenses | 686 | 590 | 512 | ||||||||||
Total operating expenses | 3,145 | 2,362 | 3,248 | ||||||||||
Income before income taxes | 15,630 | 15,237 | 14,176 | ||||||||||
Income tax benefits | (1,261 | ) | (774 | ) | (1,092 | ) | |||||||
Net income | $ | 16,891 | $ | 16,011 | $ | 15,268 | |||||||
Statements of Cash Flows | |||||||||||||
Years Ended December 31, 2013, 2012, and 2011 | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Cash Flows from Operating Activities: | |||||||||||||
Net income | $ | 16,891 | $ | 16,011 | $ | 15,268 | |||||||
Adjustments to reconcile net income to net cash provided by | |||||||||||||
operating activities: | |||||||||||||
Equity in net income of West Bank | (18,609 | ) | (17,700 | ) | (17,398 | ) | |||||||
Equity in net income of West Bancorporation Capital Trust I | (21 | ) | (22 | ) | (21 | ) | |||||||
Dividends received from West Bank | 19,200 | 12,500 | 42,035 | ||||||||||
Dividends received from West Bancorporation Capital Trust I | 21 | 22 | 21 | ||||||||||
Investment securities impairment losses | — | 203 | 99 | ||||||||||
Amortization | 20 | 14 | 14 | ||||||||||
Depreciation | 43 | 10 | — | ||||||||||
Loss on disposition of premises | — | 36 | — | ||||||||||
Write-down of other real estate owned | 1,341 | 943 | 1,902 | ||||||||||
Loss on sale of other real estate owned | 70 | — | 50 | ||||||||||
Deferred income tax benefits | (412 | ) | (343 | ) | (726 | ) | |||||||
Change in assets and liabilities: | |||||||||||||
(Increase) decrease in other assets | (219 | ) | 25 | 1,210 | |||||||||
Increase (decrease) in accrued expenses and other liabilities | (137 | ) | 65 | (214 | ) | ||||||||
Net cash provided by operating activities | 18,188 | 11,764 | 42,240 | ||||||||||
Cash Flows from Investing Activities: | |||||||||||||
Net change in loans | — | 2,000 | — | ||||||||||
Purchases of premises from West Bank | — | (2,339 | ) | — | |||||||||
Other purchases of premises | (874 | ) | (43 | ) | — | ||||||||
Net proceeds from sales of other real estate owned | 280 | — | 195 | ||||||||||
Payments for other real estate owned improvements | (291 | ) | — | — | |||||||||
Capital contribution to West Bank | (10,000 | ) | — | — | |||||||||
Net cash provided by (used in) investing activities | (10,885 | ) | (382 | ) | 195 | ||||||||
Cash Flows from Financing Activities: | |||||||||||||
Proceeds from long-term debt | 16,000 | — | — | ||||||||||
Principal payments on long-term debt | (830 | ) | — | — | |||||||||
Common stock cash dividends | (6,995 | ) | (6,265 | ) | (2,959 | ) | |||||||
Preferred stock dividends paid | — | — | (1,120 | ) | |||||||||
Redemption of preferred stock | — | — | (36,000 | ) | |||||||||
Repurchase of common stock warrant | — | — | (700 | ) | |||||||||
Repurchase and cancellation of common stock | (15,774 | ) | — | — | |||||||||
Tax withholding related to net share settlements of restricted stock units | (14 | ) | — | — | |||||||||
Excess tax benefits from vesting of restricted stock units | 16 | — | — | ||||||||||
Net cash used in financing activities | (7,597 | ) | (6,265 | ) | (40,779 | ) | |||||||
Net increase (decrease) in cash | (294 | ) | 5,117 | 1,656 | |||||||||
Cash: | |||||||||||||
Beginning | 6,999 | 1,882 | 226 | ||||||||||
Ending | $ | 6,705 | $ | 6,999 | $ | 1,882 | |||||||
Supplemental Disclosure of Noncash Investing and Financing Activities: | |||||||||||||
Purchase of premises financed by issuance of long-term debt | $ | 765 | $ | — | $ | — | |||||||
Selected_Quarterly_Financial_D
Selected Quarterly Financial Data (unaudited) (Notes) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Selected Quarterly Financial Data (unaudited) [Abstract] | ' | ||||||||||||||||
Quarterly Financial Information [Text Block] | ' | ||||||||||||||||
Selected Quarterly Financial Data (unaudited) | |||||||||||||||||
2013 | |||||||||||||||||
Three months ended | 31-Mar | 30-Jun | 30-Sep | 31-Dec | |||||||||||||
Interest income | $ | 12,572 | $ | 13,261 | $ | 13,444 | $ | 13,464 | |||||||||
Interest expense | 1,748 | 1,728 | 1,818 | 1,764 | |||||||||||||
Net interest income | 10,824 | 11,533 | 11,626 | 11,700 | |||||||||||||
Provision for loan losses | 150 | — | (1,000 | ) | — | ||||||||||||
Net interest income after provision for loan losses | 10,674 | 11,533 | 12,626 | 11,700 | |||||||||||||
Noninterest income | 2,221 | 2,017 | 2,130 | 2,135 | |||||||||||||
Noninterest expense | 7,246 | 7,415 | 8,413 | 7,751 | |||||||||||||
Income before income taxes | 5,649 | 6,135 | 6,343 | 6,084 | |||||||||||||
Income taxes | 1,701 | 1,837 | 1,980 | 1,802 | |||||||||||||
Net income | $ | 3,948 | $ | 4,298 | $ | 4,363 | $ | 4,282 | |||||||||
Basic earnings per common share | $ | 0.23 | $ | 0.25 | $ | 0.27 | $ | 0.27 | |||||||||
Diluted earnings per common share | $ | 0.23 | $ | 0.25 | $ | 0.27 | $ | 0.27 | |||||||||
2012 | |||||||||||||||||
Three months ended | 31-Mar | 30-Jun | 30-Sep | 31-Dec | |||||||||||||
Interest income | $ | 12,706 | $ | 12,896 | $ | 12,553 | $ | 12,507 | |||||||||
Interest expense | 2,528 | 2,505 | 2,296 | 2,135 | |||||||||||||
Net interest income | 10,178 | 10,391 | 10,257 | 10,372 | |||||||||||||
Provision for loan losses | — | — | 300 | 325 | |||||||||||||
Net interest income after provision for loan losses | 10,178 | 10,391 | 9,957 | 10,047 | |||||||||||||
Noninterest income | 2,401 | 3,346 | 2,548 | 2,699 | |||||||||||||
Noninterest expense | 6,865 | 7,813 | 7,104 | 7,010 | |||||||||||||
Income before income taxes | 5,714 | 5,924 | 5,401 | 5,736 | |||||||||||||
Income taxes | 1,737 | 1,541 | 1,649 | 1,837 | |||||||||||||
Net income | $ | 3,977 | $ | 4,383 | $ | 3,752 | $ | 3,899 | |||||||||
Basic earnings per common share | $ | 0.23 | $ | 0.25 | $ | 0.22 | $ | 0.22 | |||||||||
Diluted earnings per common share | $ | 0.23 | $ | 0.25 | $ | 0.22 | $ | 0.22 | |||||||||
Organization_and_Nature_of_Bus1
Organization and Nature of Business and Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Organization and Nature of Business and Summary of Significant Accounting Policies [Abstract] | ' |
Use of Estimates, Policy [Policy Text Block] | ' |
Accounting estimates and assumptions: The consolidated financial statements have been prepared in conformity with generally accepted accounting principles (GAAP) established by the Financial Accounting Standards Board (FASB). References to GAAP issued by the FASB in these footnotes are to the FASB Accounting Standards Codification, sometimes referred to as the Codification or ASC. In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses for the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term are the fair value and other than temporary impairment (OTTI) of financial instruments, the allowance for loan losses, and the valuation of other real estate owned. | |
Consolidation, Policy [Policy Text Block] | ' |
Consolidation policy: The consolidated financial statements include the accounts of the Company, West Bank, West Bank's wholly-owned subsidiary WB Funding Corporation (which owns an interest in a partnership), and West Bank's 99.99 percent owned subsidiary ICD IV, LLC (a community development partnership). All significant intercompany transactions and balances have been eliminated in consolidation. In accordance with GAAP, the results of the Trust are recorded on the books of the Company using the equity method of accounting and are not consolidated. | |
Segment Reporting, Policy [Policy Text Block] | ' |
Segment information: An operating segment is generally defined as a component of a business for which discrete financial information is available and whose operating results are regularly reviewed by the chief operating decision-maker. The Company has determined that its business is comprised of one operating segment, which is banking. The banking segment generates revenue through interest and fees on loans, service charges on deposit accounts, interest on investment securities, gains and fees on sales of residential mortgages, fees for trust services, and other miscellaneous banking related activities. This segment includes the Company, West Bank, and related elimination entries between the two, as the Company's operation is similar to that of West Bank. | |
Comprehensive Income, Policy [Policy Text Block] | ' |
Comprehensive income: Comprehensive income consists of net income and other comprehensive income. Other comprehensive income consists of the net change in unrealized gains and losses on the Company's securities available for sale, including the noncredit-related portion of unrealized gains (losses) of OTTI securities, and the effective portion of the change in fair value of derivative instruments. | |
Cash and Cash Equivalents, Policy [Policy Text Block] | ' |
Cash and cash equivalents and cash flows: For statement of cash flow purposes, the Company considers cash, due from banks, federal funds sold, and short-term investments with original maturities of 90 days or less to be cash and cash equivalents. Cash flows from loans and deposits are reported net. | |
Marketable Securities, Available-for-sale Securities, Policy [Policy Text Block] | ' |
Investment securities: Investment securities available for sale are reported at fair value, with unrealized gains and losses reported as a separate component of accumulated other comprehensive income, net of deferred income taxes. Available for sale investment securities may be sold for general liquidity needs, in response to market interest rate fluctuations, implementation of asset-liability management strategies, funding loan demand, changes in securities prepayment risk or other similar factors. Realized gains and losses on sales are computed on a specific identification basis based on amortized cost. | |
The amortized cost of debt securities classified as available for sale is adjusted for accretion of discounts to maturity and amortization of premiums over the estimated average life of each security or, in the case of callable securities, through the first call date, using the effective yield method. Such amortization and accretion is included in interest income. Interest income on securities is recognized using the interest method according to the terms of the investment security. | |
The Company evaluates each of its investment securities whose value has declined below amortized cost to determine whether the decline in fair value is OTTI. The investment portfolio is evaluated for OTTI by segregating the portfolio into two segments and applying the appropriate OTTI model. Investment securities classified as available for sale are generally evaluated for OTTI under FASB ASC 320, Investments - Debt and Equity Securities. However, certain purchased beneficial interests in securitized financial assets, including asset-backed securities and collateralized debt obligations, that had credit ratings below AA at the time of purchase, are evaluated using the model outlined in FASB ASC 325, Beneficial Interests in Securitized Financial Assets. | |
In determining OTTI under the FASB ASC 320 model, the review takes into consideration the severity and duration of the decline in fair value, the length of time expected for recovery, the financial condition of the issuer and other qualitative factors, as well as whether the Company intends to sell the security or whether it is likely the Company will be required to sell the debt security before its anticipated recovery. | |
Under the FASB ASC 325 model, for the second segment of the portfolio, the Company compares the present value of the remaining cash flows as estimated at the preceding evaluation date to the current expected remaining cash flows. An OTTI is deemed to have occurred if there has been an adverse change in the remaining expected future cash flows. | |
When OTTI occurs under either model, the amount of the OTTI recognized in earnings depends on whether the Company intends to sell the security or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If the Company intends to sell or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis, the OTTI is recognized in earnings equal to the entire difference between the investment's amortized cost basis and its fair value at the balance sheet date. If the Company does not intend to sell the security and it is not more likely than not that it will be required to sell before recovery of its amortized cost basis, the OTTI is separated into the amount representing the credit loss and the amount related to all other factors. The amount of the total OTTI related to the credit loss is determined based on the present value of cash flows expected to be collected using the original yield as the discount rate, and is recognized in earnings. The amount of the total OTTI related to other factors is recognized in other comprehensive income, net of applicable taxes. The previous amortized cost basis less the OTTI recognized in earnings becomes the new amortized cost basis of the investment. The assessment of whether an OTTI exists involves a high degree of subjectivity and judgment and is based on the information available to management at the time. | |
Federal Home Loan Bank Stock [Policy Text Block] | ' |
Federal Home Loan Bank stock: West Bank, as a member of the Federal Home Loan Bank (FHLB) system, is required to maintain an investment in capital stock of the FHLB in an amount equal to 0.12 percent of total assets plus 4.00 percent of outstanding advances from the FHLB and the outstanding principal balance of loans issued through the Mortgage Partnership Finance Program (MPF). No ready market exists for the FHLB stock, and it has no quoted market value. The Company evaluates this asset for impairment on a quarterly basis and determined there was no impairment. All shares of FHLB stock are issued and redeemed at a par value of $100. | |
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block] | ' |
Loans held for sale: Loans held for sale include residential real estate mortgages that were originated in accordance with secondary market pricing and underwriting standards and are stated at the lower of cost or fair value determined on an aggregate basis. Gains and losses on loan sales are recorded in noninterest income. West Bank does not retain servicing responsibility on loans sold. Specific terms within the agreements with investors purchasing residential mortgage loans from the Company contain recourse provisions in certain circumstances. | |
Loans and Leases Receivable, Origination Fees, Discounts or Premiums, and Direct Costs to Acquire Loans Policy [Policy Text Block] | ' |
Loans: Loans are stated at the principal amounts outstanding, net of unamortized loan fees and costs, with interest income recognized on the interest method based upon those outstanding loan balances. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. Loans are reported by the portfolio segments identified and are analyzed by management on this basis. All loan policies identified below apply to all segments of the loan portfolio. | |
Loans and Leases Receivable, Nonaccrual Loan and Lease Status, Policy [Policy Text Block] | ' |
Delinquencies are determined based on the payment terms of the individual loan agreements. The accrual of interest on past due and other impaired loans is generally discontinued at 90 days or when, in the opinion of management, the borrower may be unable to make all payments pursuant to contractual terms. Unless considered collectible, all interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income, if accrued in the current year, or charged to the allowance for loan losses, if accrued in the prior year. Generally, all payments received while a loan is on nonaccrual status are applied to the principal balance of the loan. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured. | |
Loans and Leases Receivable, Troubled Debt Restructuring Policy [Policy Text Block] | ' |
A loan is classified as troubled debt restructured (TDR) when the Company separately concludes that a borrower is experiencing financial difficulties and a concession is granted that would not otherwise be considered. Concessions may include a restructuring of the loan terms to alleviate the burden of the borrower's cash requirements, such as an extension of the payment terms beyond the original maturity date or a change in the interest rate charged. TDR loans with extended payment terms are accounted for as impaired until performance is established. A change to the interest rate would change the classification of a loan to a TDR loan if the restructured loan yields a rate that is below a market rate for that of a new loan with comparable risk. TDR loans with below market rates are considered impaired until fully collected. TDR loans may be reported as nonaccrual or past due 90 days, rather than TDR, if they are not performing per the restructured terms. | |
Impaired Financing Receivable, Policy [Policy Text Block] | ' |
Based upon its ongoing assessment of credit quality within the loan portfolio, the Company maintains a Watch List, which includes loans classified as Doubtful, Substandard and Watch according to West Bank's classification criteria. These loans involve the anticipated potential for payment defaults or collateral inadequacies. A loan on the Watch List is considered impaired when management believes it is probable the Company will be unable to collect all contractual principal and interest payments due in accordance with the terms of the loan agreement. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan's effective interest rate or, as a practical expedient, at the loan's observable market price or the fair value of the collateral if the loan is collateral dependent. The amount of impairment, if any, and any subsequent changes are included in the allowance for loan losses. | |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | ' |
Allowance for loan losses: The allowance for loan losses is established through a provision for loan losses charged to expense. Loans in each of the Company's segments are charged against the allowance for loan losses when management believes that collectability of the principal is unlikely. The allowance is an amount that management believes will be adequate to absorb probable losses on existing loans based on an evaluation of the collectability of loans and prior loss experience. This evaluation also takes into consideration such factors as changes in the nature and volume of the loan portfolio, overall portfolio quality, the review of specific problem loans, and current economic conditions that may affect the borrowers' ability to pay. While management uses the best information available to make its evaluations, future adjustments to the allowance may be necessary if there are significant changes in economic conditions or the other factors relied upon. | |
The allowance for loan losses consists of specific and general components. The specific component relates to loans that meet the definition of impaired. The general component covers the remaining loans and is based on historical loss experience adjusted for qualitative factors such as delinquency trends, loan growth, economic elements and local market conditions. These same policies are applied to all segments of loans. In addition, regulatory agencies, as integral parts of their examination processes, periodically review the Company's allowance for loan losses, and may require the Company to make additions to the allowance based on their judgment about information available to them at the time of their examinations. | |
In the fourth quarter of 2013, the historical loss experience factor was modified to use the highest losses calculated over a rolling 12, 16 or 20 quarter period. The Company believes that using the highest of these time periods will self-select the factor that best represents where the Company is in the economic cycle. It is not possible to state the specific amount that was added to the allowance as a result of this change, but management believes it resulted in a higher amount than calculated using the previous factors. | |
Property, Plant and Equipment, Policy [Policy Text Block] | ' |
Premises and equipment: Premises and equipment are stated at cost less accumulated depreciation. The straight-line method of depreciation and amortization is used for calculating expense. The estimated useful lives of premises and equipment range up to 40 years for buildings, up to 10 years for furniture and equipment, and the shorter of the estimated useful life or lease term for leasehold improvements. | |
Loans and Leases Receivable, Real Estate Acquired Through Foreclosure, Policy [Policy Text Block] | ' |
Other real estate owned: Real estate properties acquired through or in lieu of foreclosure are initially recorded at fair value less estimated selling cost at the date of foreclosure, establishing a new cost basis. Fair value is determined by management by obtaining appraisals or other market value information at least annually. Any write-downs in value at the date of acquisition are charged to the allowance for loan losses. After foreclosure, valuations are periodically performed by management by obtaining updated appraisals or other market value information. Any subsequent write-downs are recorded as a charge to operations, if necessary, to reduce the carrying value of a property to the updated fair value less estimated selling cost. Net costs related to the holding of properties are included in noninterest expense. | |
Trust Assets Policy [Policy Text Block] | ' |
Trust assets: Assets held by West Bank in fiduciary or agency capacities, other than trust cash on deposit at West Bank, are not included in the consolidated balance sheets of the Company, as such assets are not assets of West Bank. | |
Bank-Owned Life Insurance [Policy Text Block] | ' |
Bank-owned life insurance: The carrying amount of bank-owned life insurance consists of the initial premium paid, plus increases in cash value, less the carrying amount associated with any death benefit received. Death benefits paid in excess of the applicable carrying amount are recognized as income. Increases in cash value and the portion of death benefits recognized as income are exempt from income taxes. | |
Derivatives, Policy [Policy Text Block] | ' |
Derivatives: The Company uses derivative financial instruments (which consist of interest rate swaps) to assist in its interest rate risk management. All derivatives are measured and reported at fair value on the Company's consolidated balance sheet as other assets or other liabilities. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative and the resulting designation. As of December 31, 2013, the Company had only cash flow hedging relationships, which are derivatives to hedge the exposure to variability in expected future cash flows. To qualify for hedge accounting, the Company must comply with the detailed rules and documentation requirements at the inception of the hedge, and hedge effectiveness is assessed at inception and on a quarterly basis throughout the life of each hedging relationship. Hedge ineffectiveness, if any, is measured periodically throughout the life of the hedging relationship. The Company does not use derivatives for trading or speculative purposes. | |
For derivatives designated as cash flow hedges, the effective portion of changes in the fair value of the derivative is initially reported in other comprehensive income (loss), net of deferred taxes, and subsequently reclassified to interest income or expense when the hedged transaction affects earnings, while the ineffective portion of changes in the fair value of the derivative, if any, is recognized immediately in other noninterest income. The Company assesses the effectiveness of each hedging relationship by comparing the cumulative changes in cash flows of the derivative hedging instrument with the cumulative changes in cash flows of the designated hedged item or transaction. | |
Stockholders' Equity, Policy [Policy Text Block] | ' |
Preferred stock: On December 31, 2008, the Company issued 36,000 shares of perpetual cumulative senior preferred stock to the U.S. Department of the Treasury (Treasury) under the Capital Purchase Program (CPP). On June 29, 2011, the Company redeemed all 36,000 shares of the outstanding preferred stock issued under the CPP with a payment to the Treasury of $36,220, consisting of $36,000 of principal and $220 of dividends. The preferred stock had a carrying value of $34,752 on the redemption date. Upon redemption, the remaining $1,248 preferred stock discount was recorded as a reduction to net income available to common stockholders. | |
Common stock warrants: In connection with the CPP described above, a common stock warrant exercisable for 474,100 shares of common stock was issued to the Treasury and was exercisable on or before December 31, 2018. The warrant entitled the Treasury to purchase 474,100 shares of common stock at $11.39 per share. The warrant was repurchased by the Company for $700 on August 31, 2011. | |
Common stock: At the Company's annual meeting of stockholders on April 26, 2012, the West Bancorporation, Inc. 2012 Equity Incentive Plan (the 2012 Plan) was approved by the stockholders. The 2012 Plan is administered by the Compensation Committee of the Board of Directors. As of December 31, 2013, restricted stock units (RSUs) totaling 144,293 shares had been granted under the 2012 Plan. | |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' |
Stock-based compensation: Compensation expense for stock-based awards is recognized on a straight-line basis over the vesting period using the fair value of the award at the time of the grant. The fair value of nonvested RSUs granted under the 2012 Plan is equal to the fair market value of the underlying common stock at the grant date. Because the RSU participant does not have dividend rights prior to vesting, the initial unamortized expense amount is the discounted value of future cash flows omitting projected dividends during the vesting period. The Company currently assumes no projected forfeitures on its stock-based compensation, since all RSUs are expected to vest and no forfeitures have occurred as of December 31, 2013. | |
Deferred compensation [Policy Text Block] | ' |
Deferred compensation: On October 24, 2012, the the Company's Board of Directors adopted the West Bancorporation, Inc. Deferred Compensation Plan (the Plan). The Plan is an unfunded, nonqualified deferred compensation plan intended to conform to the requirements of Section 409A of the Internal Revenue Code. The Plan became effective on January 1, 2013, and provides an opportunity for eligible participants, including directors and key officers of the Company, to voluntarily defer receipt of a portion of their respective cash compensation. The amount of compensation to be deferred by each individual participating in the Plan, if any, is determined in accordance with the Plan based on each participant's election. Additionally, the Company has the right to make discretionary contributions under the Plan on behalf of participants, though the Company has no intention at this time of making such Company contributions. Deferred compensation under the Plan is payable on a date or dates selected by each participant at the time of enrollment, subject to change in certain specified circumstances. In the event of a change in control of the Company, any amounts deferred by a participant will be distributed to the participant in a lump sum upon the change in control, and any Company contributions will be distributed in accordance with the participant's elections. As of December 31, 2013, no individuals had chosen to participate in the Plan. | |
Transfers and Servicing of Financial Assets, Policy [Policy Text Block] | ' |
Transfer of financial assets: Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right, free of conditions that constrain it from taking advantage of that right, to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. | |
Income Tax, Policy [Policy Text Block] | ' |
Income taxes: The Company files a consolidated federal income tax return. Income tax expense is generally allocated as if the Company and its subsidiary file separate income tax returns. Deferred taxes are provided on an asset and liability method whereby deferred tax assets are recognized for deductible temporary differences, capital loss, operating loss, and tax credit carryforwards, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. | |
When tax returns are filed, it is highly certain that some tax positions taken will be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the positions taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the consolidated financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. The evaluation of a tax position taken is considered by itself and is not offset or aggregated with other positions. Tax positions that meet the more likely than not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. Management does not believe the Company has any material uncertain tax positions to disclose. | |
Interest and penalties related to income taxes are recorded as other noninterest expense in the consolidated income statements. | |
Earnings Per Share, Policy [Policy Text Block] | ' |
Earnings per common share: Basic earnings per common share are computed by dividing income available to common stockholders by the weighted average number of common shares outstanding for the period. Income available to common stockholders is net income less preferred stock dividends and accretion of discount on preferred stock treated as preferred stock dividends. Diluted earnings per common share reflect the potential dilution that could occur if the Company's outstanding RSUs were vested or if the Company's stock warrant was exercised prior to its redemption in 2011. The dilutive effect was computed using the treasury stock method, which assumes all stock-based awards are exercised and the hypothetical proceeds from exercise are used by the Company to purchase common stock at the average market price during the period, and assumes any outstanding warrants were exercised during the time period they were outstanding. The incremental shares, to the extent they would have been dilutive, were included in the denominator of the diluted earnings per common share calculation. | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
Current accounting developments: In February 2013, the FASB issued Accounting Standards Update No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (AOCI), to improve the transparency of reporting reclassifications out of AOCI. The amendments in the Update do not change the current requirements for reporting net income or other comprehensive income in the financial statements. The new amendments require an organization to present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of AOCI if the item reclassified is required under GAAP to be reclassified to net income in its entirety in the same reporting period. Additionally, for other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP to provide additional detail about those amounts. For public companies, the amendments were effective for reporting periods beginning after December 15, 2012. The adoption of this guidance did not have a material impact on the Company's consolidated financial statements. | |
In July 2013, the FASB issued Accounting Standards Update No. 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The update requires an entity to present an unrecognized tax benefit, or portion thereof, in the statement of financial position as a reduction to a deferred tax asset for a net operating loss carryforward or a tax credit carryforward, except as follows: to the extent a net operating loss carryforward or tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position, or the tax law of the applicable jurisdiction does not require the entity to use and the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the statement of financial position as a liability and should not be combined with deferred tax assets. For public companies, this update will be effective for interim and annual periods beginning after December 31, 2013 and early adoption is permitted. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. | |
In January 2014, the FASB issued Accounting Standards Update No. 2014-04, Receivables—Troubled Debt Restructuring by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure. The update clarifies when an in substance foreclosure occurs, that is, when a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan. This is the point when the consumer mortgage loan should be derecognized and the real property recognized. For public companies, this update will be effective for interim and annual periods beginning after December 31, 2014 and early adoption is permitted. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. | |
Off-Balance-Sheet Credit Exposure, Policy [Policy Text Block] | ' |
The Company is party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. | |
The Company's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations that it uses for on-balance-sheet instruments. | |
Fair Value Measurement, Policy [Policy Text Block] | ' |
Accounting guidance on fair value measurements and disclosures defines fair value, establishes a framework for measuring the fair value of assets and liabilities using a hierarchy system, and defines required disclosures. It clarifies that fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the market in which the reporting entity transacts business. | |
The Company's balance sheet contains investment securities available for sale and derivative instruments that are recorded at fair value on a recurring basis. The three-level valuation hierarchy for disclosure of fair value is as follows: | |
Level 1 uses quoted market prices in active markets for identical assets or liabilities. | |
Level 2 uses observable market-based inputs or unobservable inputs that are corroborated by market data. | |
Level 3 uses unobservable inputs that are not corroborated by market data. | |
The Company's policy is to recognize transfers between Levels at the end of each reporting period, if applicable. There were no transfers between Levels of the fair value hierarchy during 2013 or 2012. | |
The following is a description of valuation methodologies used for assets and liabilities recorded at fair value on a recurring basis. | |
Investment securities available for sale: When available, quoted market prices are used to determine the fair value of investment securities. If quoted market prices are not available, the Company determines fair value based on various sources and may apply matrix pricing with observable prices for similar bonds where a price for the identical bond is not observable. The fair values of these securities are determined by pricing models that consider observable market data such as interest rate volatilities, LIBOR yield curve, credit spreads, prices from market makers and live trading systems. Level 1 securities include certain corporate bonds and preferred stocks, and would include U.S. Treasuries, if any were held. Level 2 securities include U.S. government and agency securities, collateralized mortgage obligations, mortgage-backed securities, state and political subdivision securities, and certain corporate bonds and trust preferred securities. Certain investment securities are not valued based on observable inputs and are, therefore, classified as Level 3. The fair value of these securities is based on management's best estimates. | |
Generally, management obtains the fair value of investment securities at the end of each reporting period via a third-party pricing service. Management, with the assistance of an independent investment advisory firm, reviewed the valuation process used by the third party and believed that process was valid. On a quarterly basis, management corroborates the fair values of investment securities by obtaining pricing from an independent investment advisory firm and compares the two sets of fair values. Any significant variances are reviewed and investigated. In addition, the Company instituted a practice of further testing the fair values of a sample of securities. For that sample, the prices are further validated by management, with assistance from an independent investment advisory firm, by obtaining details of the inputs used by the pricing service. Those inputs were independently tested, and management concluded the fair values were consistent with GAAP requirements and securities were properly classified in the fair value hierarchy. | |
Derivative instruments: The Company's derivative instruments consist of interest rate swaps, which are accounted for as cash flow hedges. The Company's derivative position is classified within Level 2 of the fair value hierarchy and is valued using models generally accepted in the financial services industry and that use actively quoted or observable market input values from external market data providers and/or non-binding broker-dealer quotations. The fair value of the derivative is determined using discounted cash flow models. These models’ key assumptions include the contractual terms of the respective contract along with significant observable inputs, including interest rates, yield curves, nonperformance risk and volatility. Derivative contracts are executed with a Credit Support Annex, which is a bilateral ratings-sensitive agreement that requires collateral postings at established credit threshold levels. These agreements protect the interests of the Company and its counterparties should either party suffer a credit rating deterioration. | |
Fair Value Transfer, Policy [Policy Text Block] | ' |
The Company's policy is to recognize transfers between Levels at the end of each reporting period, if applicable. | |
Fair Value of Financial Instruments, Policy [Policy Text Block] | ' |
GAAP requires disclosure of the fair value of financial assets and financial liabilities, including those that are not measured and reported at fair value on a recurring or nonrecurring basis. The methodologies for estimating the fair value of financial assets and financial liabilities that are measured at fair value on a recurring or nonrecurring basis are discussed above. The methodologies for other financial assets and financial liabilities are discussed below. | |
Cash and due from banks: The carrying amount approximates fair value. | |
Federal funds sold and other short-term investments: The carrying amount approximates fair value. | |
FHLB stock: The fair value of this restricted stock is estimated at its carrying value and redemption price of $100 per share. | |
Loans held for sale: The fair values of loans held for sale are based on estimated sales prices. | |
Loans: The fair values of fixed rate loans are estimated using discounted cash flow analysis based on observable market interest rates currently being offered for loans with similar terms to borrowers with similar credit quality. The carrying values of variable rate loans approximate their fair values. | |
Deposits: The carrying amounts for demand and savings deposits, which represent the amounts payable on demand, approximate their fair values. The fair values for fixed rate certificates of deposit are estimated using discounted cash flow analysis, based on observable market interest rates currently being offered on certificates with similar terms. The carrying values of variable rate certificates of deposit approximate their fair values. | |
Accrued interest receivable and payable: The fair values of both accrued interest receivable and payable approximate their carrying amounts. | |
Borrowings: The carrying amounts of federal funds purchased, securities sold under agreements to repurchase and variable rate long-term borrowings approximates their fair values. Fair values of FHLB advances, subordinated notes and other long-term borrowings are estimated using a discounted cash flow analysis, based on observable market interest rates currently being offered with similar terms. | |
Commitments to extend credit and standby letters of credit: The approximate fair values of commitments and standby letters of credit are based on the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and creditworthiness of the counterparties. |
Organization_and_Nature_of_Bus2
Organization and Nature of Business and Summary of Significant Accounting Policies Earnings per Share (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | |||||||||||
The calculation of earnings per common share and diluted earnings per common share for the years ended December 31, 2013, 2012 and 2011, is presented below. | ||||||||||||
(in thousands, except per share information) | 2013 | 2012 | 2011 | |||||||||
Net income | $ | 16,891 | $ | 16,011 | $ | 15,268 | ||||||
Preferred stock dividends | — | — | (895 | ) | ||||||||
Preferred stock discount accretion | — | — | (1,492 | ) | ||||||||
Net income available to common stockholders | $ | 16,891 | $ | 16,011 | $ | 12,881 | ||||||
Weighted average common shares outstanding | 16,582 | 17,404 | 17,404 | |||||||||
Restricted stock units | 47 | 40 | — | |||||||||
Diluted weighted average common shares outstanding | 16,629 | 17,444 | 17,404 | |||||||||
Basic earnings per common share | $ | 1.02 | $ | 0.92 | $ | 0.74 | ||||||
Diluted earnings per common share | $ | 1.02 | $ | 0.92 | $ | 0.74 | ||||||
Investment_securities_Tables
Investment securities (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Available-for-sale Securities [Abstract] | ' | |||||||||||||||||||||||
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | ' | |||||||||||||||||||||||
The following tables show the amortized cost, unrealized gains and losses (pretax) included in AOCI, and estimated fair value by investment security type as of December 31, 2013 and 2012. | ||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||
Amortized | Gross Unrealized | Gross Unrealized | Fair | |||||||||||||||||||||
Cost | Gains | (Losses) | Value | |||||||||||||||||||||
U.S. government agencies and corporations | $ | 12,593 | $ | 278 | $ | — | $ | 12,871 | ||||||||||||||||
State and political subdivisions | 90,833 | 1,466 | (4,511 | ) | 87,788 | |||||||||||||||||||
Collateralized mortgage obligations (1) | 170,431 | 2,128 | (3,911 | ) | 168,648 | |||||||||||||||||||
Mortgage-backed securities (1) | 59,226 | 607 | (1,677 | ) | 58,156 | |||||||||||||||||||
Trust preferred securities | 5,923 | — | (3,178 | ) | 2,745 | |||||||||||||||||||
Corporate notes and equity securities | 15,332 | 75 | (399 | ) | 15,008 | |||||||||||||||||||
$ | 354,338 | $ | 4,554 | $ | (13,676 | ) | $ | 345,216 | ||||||||||||||||
2012 | ||||||||||||||||||||||||
Amortized | Gross Unrealized | Gross Unrealized | Fair | |||||||||||||||||||||
Cost | Gains | (Losses) | Value | |||||||||||||||||||||
U.S. government agencies and corporations | $ | 12,614 | $ | 420 | $ | — | $ | 13,034 | ||||||||||||||||
State and political subdivisions | 54,075 | 2,754 | (68 | ) | 56,761 | |||||||||||||||||||
Collateralized mortgage obligations (1) | 170,557 | 3,140 | (103 | ) | 173,594 | |||||||||||||||||||
Mortgage-backed securities (1) | 36,965 | 1,459 | — | 38,424 | ||||||||||||||||||||
Trust preferred securities | 5,913 | — | (3,818 | ) | 2,095 | |||||||||||||||||||
Corporate notes and equity securities | 8,341 | 69 | (4 | ) | 8,406 | |||||||||||||||||||
$ | 288,465 | $ | 7,842 | $ | (3,993 | ) | $ | 292,314 | ||||||||||||||||
(1) All collateralized mortgage obligations and mortgage-backed securities consist of residential mortgage pass-through securities guaranteed by GNMA or issued by FNMA and real estate mortgage investment conduits guaranteed by FHLMC or GNMA. | ||||||||||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | |||||||||||||||||||||||
The amortized cost and fair value of investment securities available for sale as of December 31, 2013, by contractual maturity are shown below. Certain securities have call features which allow the issuer to call the securities prior to maturity. Expected maturities may differ from contractual maturities in collateralized mortgage obligations and mortgage-backed securities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Therefore, collateralized mortgage obligations and mortgage-backed securities are not included in the maturity categories in the following maturity summary. | ||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||
Amortized | Fair | |||||||||||||||||||||||
Cost | Value | |||||||||||||||||||||||
Due in one year or less | $ | 360 | $ | 364 | ||||||||||||||||||||
Due after one year through five years | 33,716 | 34,311 | ||||||||||||||||||||||
Due after five years through ten years | 19,029 | 19,091 | ||||||||||||||||||||||
Due after ten years | 70,092 | 63,470 | ||||||||||||||||||||||
123,197 | 117,236 | |||||||||||||||||||||||
Collateralized mortgage obligations and mortgage-backed securities | 229,657 | 226,804 | ||||||||||||||||||||||
Equity securities | 1,484 | 1,176 | ||||||||||||||||||||||
$ | 354,338 | $ | 345,216 | |||||||||||||||||||||
Schedule of Realized Gain (Loss) [Table Text Block] | ' | |||||||||||||||||||||||
The details of the sales of investment securities for the years ended December 31, 2013, 2012 and 2011 are summarized in the following table. | ||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Proceeds from sales | $ | — | $ | 16,121 | $ | — | ||||||||||||||||||
Gross gains on sales | — | 288 | — | |||||||||||||||||||||
Gross losses on sales | — | 42 | — | |||||||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] | ' | |||||||||||||||||||||||
The following tables show the fair value and gross unrealized losses, aggregated by investment type and length of time that individual securities have been in a continuous loss position, as of December 31, 2013 and 2012. | ||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | ||||||||||||||||||||||
Fair | Gross Unrealized | Fair | Gross Unrealized | Fair | Gross Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||
State and political subdivisions | $ | 49,324 | $ | (4,342 | ) | $ | 1,439 | $ | (169 | ) | $ | 50,763 | $ | (4,511 | ) | |||||||||
Collateralized mortgage obligations | 96,744 | (3,911 | ) | — | — | 96,744 | (3,911 | ) | ||||||||||||||||
Mortgage-backed securities | 44,224 | (1,677 | ) | — | — | 44,224 | (1,677 | ) | ||||||||||||||||
Trust preferred securities | — | — | 2,745 | (3,178 | ) | 2,745 | (3,178 | ) | ||||||||||||||||
Corporate notes and equity securities | 8,196 | (390 | ) | 508 | (9 | ) | 8,704 | (399 | ) | |||||||||||||||
$ | 198,488 | $ | (10,320 | ) | $ | 4,692 | $ | (3,356 | ) | $ | 203,180 | $ | (13,676 | ) | ||||||||||
2012 | ||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | ||||||||||||||||||||||
Fair | Gross Unrealized | Fair | Gross Unrealized | Fair | Gross Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||
State and political subdivisions | $ | 5,617 | $ | (62 | ) | $ | 305 | $ | (6 | ) | $ | 5,922 | $ | (68 | ) | |||||||||
Collateralized mortgage obligations | 19,477 | (103 | ) | — | — | 19,477 | (103 | ) | ||||||||||||||||
Trust preferred securities | — | — | 2,095 | (3,818 | ) | 2,095 | (3,818 | ) | ||||||||||||||||
Corporate notes and equity securities | 1,032 | (4 | ) | — | — | 1,032 | (4 | ) | ||||||||||||||||
$ | 26,126 | $ | (169 | ) | $ | 2,400 | $ | (3,824 | ) | $ | 28,526 | $ | (3,993 | ) | ||||||||||
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block] | ' | |||||||||||||||||||||||
The following table provides a roll forward of the amount of credit-related losses recognized in earnings for the pooled TPS for which a portion of OTTI has been recognized in other comprehensive income for the years ended December 31, 2013, 2012 and 2011. | ||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Balance at beginning of period | $ | 729 | $ | 526 | $ | 427 | ||||||||||||||||||
Current period credit loss recognized in earnings | — | 203 | 99 | |||||||||||||||||||||
Reductions for securities sold during the period | — | — | — | |||||||||||||||||||||
Reductions for securities where there is an intent to sell or requirement | ||||||||||||||||||||||||
to sell | — | — | — | |||||||||||||||||||||
Reductions for increases in cash flows expected to be collected | — | — | — | |||||||||||||||||||||
Balance at end of period | $ | 729 | $ | 729 | $ | 526 | ||||||||||||||||||
Loans_and_Allowance_for_Loan_L1
Loans and Allowance for Loan Losses (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||||||||||||||||||||||
Loans consisted of the following segments as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Commercial | $ | 258,010 | $ | 282,124 | |||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and land development | 117,394 | 121,911 | |||||||||||||||||||||||||||
1-4 family residential first mortgages | 50,349 | 49,280 | |||||||||||||||||||||||||||
Home equity | 25,205 | 25,536 | |||||||||||||||||||||||||||
Commercial | 532,139 | 441,857 | |||||||||||||||||||||||||||
Consumer and other loans | 9,236 | 7,099 | |||||||||||||||||||||||||||
992,333 | 927,807 | ||||||||||||||||||||||||||||
Net unamortized fees and costs | (613 | ) | (406 | ) | |||||||||||||||||||||||||
$ | 991,720 | $ | 927,401 | ||||||||||||||||||||||||||
Schedule of Loan Transactions with Related Parties [Table Text Block] | ' | ||||||||||||||||||||||||||||
Loan transactions with related parties were as follows for the years ended December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Balance, beginning of year | $ | 25,216 | $ | 18,834 | |||||||||||||||||||||||||
New loans | 5,629 | 18,881 | |||||||||||||||||||||||||||
Repayments | (18,273 | ) | (12,409 | ) | |||||||||||||||||||||||||
Change in classification | — | (90 | ) | ||||||||||||||||||||||||||
Balance, end of year | $ | 12,572 | $ | 25,216 | |||||||||||||||||||||||||
Nonperforming Loans [Table Text Block] | ' | ||||||||||||||||||||||||||||
The following table sets forth the recorded investment in nonperforming loans, disaggregated by segment, held by the Company as of December 31, 2013 and 2012. The recorded investment represents principal balances net of any partial charge-offs. Related accrued interest and net unamortized fees and costs are immaterial and are excluded from the table. | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Nonaccrual loans: | |||||||||||||||||||||||||||||
Commercial | $ | 882 | $ | 655 | |||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and land development | — | 3,356 | |||||||||||||||||||||||||||
1-4 family residential first mortgages | 846 | 406 | |||||||||||||||||||||||||||
Home equity | — | — | |||||||||||||||||||||||||||
Commercial | 670 | 1,983 | |||||||||||||||||||||||||||
Consumer and other loans | — | — | |||||||||||||||||||||||||||
Total nonaccrual loans | 2,398 | 6,400 | |||||||||||||||||||||||||||
Loans past due 90 days and still accruing interest: | |||||||||||||||||||||||||||||
Commercial | — | — | |||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and land development | — | — | |||||||||||||||||||||||||||
1-4 family residential first mortgages | — | — | |||||||||||||||||||||||||||
Home equity | — | — | |||||||||||||||||||||||||||
Commercial | — | — | |||||||||||||||||||||||||||
Consumer and other loans | — | — | |||||||||||||||||||||||||||
Total loans past due 90 days and still accruing interest | — | — | |||||||||||||||||||||||||||
Troubled debt restructured loans (1): | |||||||||||||||||||||||||||||
Commercial | — | 20 | |||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and land development | 424 | 470 | |||||||||||||||||||||||||||
1-4 family residential first mortgages | — | 273 | |||||||||||||||||||||||||||
Home equity | — | — | |||||||||||||||||||||||||||
Commercial | 93 | 93 | |||||||||||||||||||||||||||
Consumer and other loans | — | — | |||||||||||||||||||||||||||
Total troubled debt restructured loans | 517 | 856 | |||||||||||||||||||||||||||
Total nonperforming loans | $ | 2,915 | $ | 7,256 | |||||||||||||||||||||||||
-1 | While TDR loans are commonly reported by the industry as nonperforming, those not classified in the nonaccrual category are accruing interest due to payment performance. TDR loans on nonaccrual status, if any, are included in the nonaccrual category. As of December 31, 2013 and 2012, there was one TDR loan with a balance of $670 and $810, respectively, that was included in the nonaccrual category. | ||||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
The pre- and post-modification recorded investment in TDR loans that have occurred during the years ended December 31, 2013, 2012 and 2011, totaled $31, $302 and $1,310, respectively. | |||||||||||||||||||||||||||||
Troubled Debt Restructured Loans that Subsequently Defaulted [Table Text Block] | ' | ||||||||||||||||||||||||||||
The recorded investment in TDR loans that have been modified within the twelve months ended December 31, 2013, 2012 and 2011, which have subsequently had a payment default, totaled $31, $894 and $291, respectively. A TDR loan is considered to have a payment default when it is past due 30 days or more. | |||||||||||||||||||||||||||||
Schedule of Impaired Loans With and Without an Allowance [Table Text Block] | ' | ||||||||||||||||||||||||||||
The following tables summarize the recorded investment in impaired loans by segment, broken down by loans with no related allowance and loans with a related allowance and the amount of that allowance as of December 31, 2013 and 2012, and the average recorded investment and interest income recognized on these loans for the years ended December 31, 2013, 2012 and 2011. | |||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Recorded | Unpaid | Related | ||||||||||||||||||||||||
Investment | Principal | Allowance | Investment | Principal | Allowance | ||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial | $ | 200 | $ | 345 | N/A | $ | 282 | $ | 292 | N/A | |||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and land development | 423 | 1,025 | N/A | 3,825 | 5,292 | N/A | |||||||||||||||||||||||
1-4 family residential first mortgages | 527 | 536 | N/A | 679 | 679 | N/A | |||||||||||||||||||||||
Home equity | — | — | N/A | — | — | N/A | |||||||||||||||||||||||
Commercial | 763 | 763 | N/A | 2,077 | 3,046 | N/A | |||||||||||||||||||||||
Consumer and other | — | — | N/A | — | — | N/A | |||||||||||||||||||||||
1,913 | 2,669 | N/A | 6,863 | 9,309 | N/A | ||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial | 807 | 807 | $ | 560 | 3,615 | 3,615 | $ | 1,297 | |||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and land development | 2,037 | 2,037 | 1,300 | 4,441 | 4,441 | 3,000 | |||||||||||||||||||||||
1-4 family residential first mortgages | 319 | 319 | 33 | — | — | — | |||||||||||||||||||||||
Home equity | — | — | — | 458 | 458 | 86 | |||||||||||||||||||||||
Commercial | — | — | — | 1,574 | 1,574 | 523 | |||||||||||||||||||||||
Consumer and other | — | — | — | — | — | — | |||||||||||||||||||||||
3,163 | 3,163 | 1,893 | 10,088 | 10,088 | 4,906 | ||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
Commercial | 1,007 | 1,152 | 560 | 3,897 | 3,907 | 1,297 | |||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and land development | 2,460 | 3,062 | 1,300 | 8,266 | 9,733 | 3,000 | |||||||||||||||||||||||
1-4 family residential first mortgages | 846 | 855 | 33 | 679 | 679 | — | |||||||||||||||||||||||
Home equity | — | — | — | 458 | 458 | 86 | |||||||||||||||||||||||
Commercial | 763 | 763 | — | 3,651 | 4,620 | 523 | |||||||||||||||||||||||
Consumer and other | — | — | — | — | — | — | |||||||||||||||||||||||
Total impaired loans | $ | 5,076 | $ | 5,832 | $ | 1,893 | $ | 16,951 | $ | 19,397 | $ | 4,906 | |||||||||||||||||
N/A - Not applicable | |||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | December 31, 2011 | |||||||||||||||||||||||||||
Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial | $ | 206 | $ | 9 | $ | 463 | $ | 80 | $ | 1,752 | $ | — | |||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and | |||||||||||||||||||||||||||||
land development | 1,475 | 17 | 2,712 | 9 | 126 | 6 | |||||||||||||||||||||||
1-4 family residential first mortgages | 574 | 1 | 1,024 | 5 | 1,021 | 2 | |||||||||||||||||||||||
Home equity | 2 | — | 24 | — | 62 | 3 | |||||||||||||||||||||||
Commercial | 1,759 | 7 | 3,373 | 55 | 4,120 | 65 | |||||||||||||||||||||||
Consumer and other | 5 | — | — | — | 11 | 1 | |||||||||||||||||||||||
4,021 | 34 | 7,596 | 149 | 7,092 | 77 | ||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial | 3,468 | 85 | 1,075 | 38 | 5,419 | 264 | |||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and | |||||||||||||||||||||||||||||
land development | 3,299 | 165 | 12,440 | 583 | 13,568 | 671 | |||||||||||||||||||||||
1-4 family residential first mortgages | 183 | 8 | 314 | 15 | 190 | 21 | |||||||||||||||||||||||
Home equity | 239 | 11 | 239 | 15 | 12 | 2 | |||||||||||||||||||||||
Commercial | 798 | 44 | 1,290 | 88 | 98 | 8 | |||||||||||||||||||||||
Consumer and other | — | — | 11 | 1 | 43 | 3 | |||||||||||||||||||||||
7,987 | 313 | 15,369 | 740 | 19,330 | 969 | ||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
Commercial | 3,674 | 94 | 1,538 | 118 | 7,171 | 264 | |||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and | |||||||||||||||||||||||||||||
land development | 4,774 | 182 | 15,152 | 592 | 13,694 | 677 | |||||||||||||||||||||||
1-4 family residential first mortgages | 757 | 9 | 1,338 | 20 | 1,211 | 23 | |||||||||||||||||||||||
Home equity | 241 | 11 | 263 | 15 | 74 | 5 | |||||||||||||||||||||||
Commercial | 2,557 | 51 | 4,663 | 143 | 4,218 | 73 | |||||||||||||||||||||||
Consumer and other | 5 | — | 11 | 1 | 54 | 4 | |||||||||||||||||||||||
Total impaired loans | $ | 12,008 | $ | 347 | $ | 22,965 | $ | 889 | $ | 26,422 | $ | 1,046 | |||||||||||||||||
Reconciliation of Nonaccrual Loans with Impaired Loans [Table Text Block] | ' | ||||||||||||||||||||||||||||
The following table reconciles the balance of nonaccrual loans with impaired loans as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Nonaccrual loans | $ | 2,398 | $ | 6,400 | |||||||||||||||||||||||||
Troubled debt restructured loans | 517 | 856 | |||||||||||||||||||||||||||
Other impaired loans still accruing interest | 2,161 | 9,695 | |||||||||||||||||||||||||||
Total impaired loans | $ | 5,076 | $ | 16,951 | |||||||||||||||||||||||||
Past Due Loans [Table Text Block] | ' | ||||||||||||||||||||||||||||
The following tables provide an analysis of the payment status of the recorded investment in loans as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
30-59 | 60-89 Days | Greater | Total | Current | Total | Past Due 90 Days | |||||||||||||||||||||||
Days Past | Past Due | Than 90 | Past Due | Loans | and Still | ||||||||||||||||||||||||
Due | Days | Accruing | |||||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
Commercial | $ | 407 | $ | — | $ | 200 | $ | 607 | $ | 257,403 | $ | 258,010 | $ | — | |||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and | |||||||||||||||||||||||||||||
land development | — | — | — | — | 117,394 | 117,394 | — | ||||||||||||||||||||||
1-4 family residential | |||||||||||||||||||||||||||||
first mortgages | 103 | 240 | 539 | 882 | 49,467 | 50,349 | — | ||||||||||||||||||||||
Home equity | — | — | — | — | 25,205 | 25,205 | — | ||||||||||||||||||||||
Commercial | 110 | 268 | — | 378 | 531,761 | 532,139 | — | ||||||||||||||||||||||
Consumer and other | — | — | — | — | 9,236 | 9,236 | — | ||||||||||||||||||||||
Total | $ | 620 | $ | 508 | $ | 739 | $ | 1,867 | $ | 990,466 | $ | 992,333 | $ | — | |||||||||||||||
Nonaccrual loans included | |||||||||||||||||||||||||||||
above | $ | 407 | $ | 240 | $ | 739 | $ | 1,386 | $ | 1,012 | $ | 2,398 | |||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
30-59 | 60-89 Days | Greater | Total | Current | Total | Past Due 90 Days | |||||||||||||||||||||||
Days Past | Past Due | Than 90 | Past Due | Loans | and Still | ||||||||||||||||||||||||
Due | Days | Accruing | |||||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
Commercial | $ | 146 | $ | — | $ | 331 | $ | 477 | $ | 281,647 | $ | 282,124 | $ | — | |||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and | |||||||||||||||||||||||||||||
land development | — | — | 3,356 | 3,356 | 118,555 | 121,911 | — | ||||||||||||||||||||||
1-4 family residential | |||||||||||||||||||||||||||||
first mortgages | 89 | 143 | 152 | 384 | 48,896 | 49,280 | — | ||||||||||||||||||||||
Home equity | 279 | 27 | — | 306 | 25,230 | 25,536 | — | ||||||||||||||||||||||
Commercial | 38 | 236 | 1,744 | 2,018 | 439,839 | 441,857 | — | ||||||||||||||||||||||
Consumer and other | 195 | — | — | 195 | 6,904 | 7,099 | — | ||||||||||||||||||||||
Total | $ | 747 | $ | 406 | $ | 5,583 | $ | 6,736 | $ | 921,071 | $ | 927,807 | $ | — | |||||||||||||||
Nonaccrual loans included | |||||||||||||||||||||||||||||
above | $ | 74 | $ | 236 | $ | 5,583 | $ | 5,893 | $ | 507 | $ | 6,400 | |||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||
The following tables show the recorded investment in loans by credit quality indicator and loan segment as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Pass | Watch | Substandard | Doubtful | Total | |||||||||||||||||||||||||
Commercial | $ | 244,766 | $ | 10,933 | $ | 2,311 | $ | — | $ | 258,010 | |||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and land development | 100,236 | 12,661 | 4,497 | — | 117,394 | ||||||||||||||||||||||||
1-4 family residential first mortgages | 48,766 | 408 | 1,175 | — | 50,349 | ||||||||||||||||||||||||
Home equity | 23,608 | 1,495 | 102 | — | 25,205 | ||||||||||||||||||||||||
Commercial | 517,441 | 7,309 | 7,389 | — | 532,139 | ||||||||||||||||||||||||
Consumer and other | 9,230 | 6 | — | — | 9,236 | ||||||||||||||||||||||||
Total | $ | 944,047 | $ | 32,812 | $ | 15,474 | $ | — | $ | 992,333 | |||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Pass | Watch | Substandard | Doubtful | Total | |||||||||||||||||||||||||
Commercial | $ | 258,677 | $ | 17,234 | $ | 6,213 | $ | — | $ | 282,124 | |||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||
Construction, land and land development | 94,855 | 15,030 | 12,026 | — | 121,911 | ||||||||||||||||||||||||
1-4 family residential first mortgages | 47,392 | 861 | 1,027 | — | 49,280 | ||||||||||||||||||||||||
Home equity | 24,659 | 105 | 772 | — | 25,536 | ||||||||||||||||||||||||
Commercial | 420,888 | 8,101 | 12,868 | — | 441,857 | ||||||||||||||||||||||||
Consumer and other | 7,063 | 36 | — | — | 7,099 | ||||||||||||||||||||||||
Total | $ | 853,534 | $ | 41,367 | $ | 32,906 | $ | — | $ | 927,807 | |||||||||||||||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
The following tables detail changes in the allowance for loan losses by segment for the years ended December 31, 2013, 2012 and 2011. | |||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | |||||||||||||||||||||||
Beginning balance | $ | 4,116 | $ | 4,616 | $ | 637 | $ | 568 | $ | 5,564 | $ | 28 | $ | 15,529 | |||||||||||||||
Charge-offs | (742 | ) | — | (116 | ) | (119 | ) | (624 | ) | (33 | ) | (1,634 | ) | ||||||||||||||||
Recoveries | 292 | 42 | 150 | 236 | 2 | 24 | 746 | ||||||||||||||||||||||
Provision (1) | 533 | (1,626 | ) | (58 | ) | (282 | ) | 543 | 40 | (850 | ) | ||||||||||||||||||
Ending balance | $ | 4,199 | $ | 3,032 | $ | 613 | $ | 403 | $ | 5,485 | $ | 59 | $ | 13,791 | |||||||||||||||
2012 | |||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | |||||||||||||||||||||||
Beginning balance | $ | 4,409 | $ | 3,572 | $ | 1,215 | $ | 832 | $ | 6,667 | $ | 83 | $ | 16,778 | |||||||||||||||
Charge-offs | (402 | ) | (1,508 | ) | (301 | ) | (343 | ) | (5 | ) | (25 | ) | (2,584 | ) | |||||||||||||||
Recoveries | 354 | — | 98 | 22 | 206 | 30 | 710 | ||||||||||||||||||||||
Provision (1) | (245 | ) | 2,552 | (375 | ) | 57 | (1,304 | ) | (60 | ) | 625 | ||||||||||||||||||
Ending balance | $ | 4,116 | $ | 4,616 | $ | 637 | $ | 568 | $ | 5,564 | $ | 28 | $ | 15,529 | |||||||||||||||
2011 | |||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | |||||||||||||||||||||||
Beginning balance | $ | 7,940 | $ | 3,787 | $ | 647 | $ | 658 | $ | 5,823 | $ | 232 | $ | 19,087 | |||||||||||||||
Charge-offs | (2,976 | ) | (2 | ) | (946 | ) | (97 | ) | (722 | ) | (21 | ) | (4,764 | ) | |||||||||||||||
Recoveries | 1,809 | 2 | 42 | 29 | 1 | 22 | 1,905 | ||||||||||||||||||||||
Provision (1) | (2,364 | ) | (215 | ) | 1,472 | 242 | 1,565 | (150 | ) | 550 | |||||||||||||||||||
Ending balance | $ | 4,409 | $ | 3,572 | $ | 1,215 | $ | 832 | $ | 6,667 | $ | 83 | $ | 16,778 | |||||||||||||||
-1 | The negative provisions for the various segments are either related to the decline in each of those portfolio segments during the time periods disclosed and/or improvement in the credit quality factors related to those portfolio segments. | ||||||||||||||||||||||||||||
Allowance for Loan Loss by Impairment Method [Table Text Block] | ' | ||||||||||||||||||||||||||||
The following tables show a breakdown of the allowance for loan losses disaggregated on the basis of impairment analysis method by segment as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | |||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 560 | $ | 1,300 | $ | 33 | $ | — | $ | — | $ | — | $ | 1,893 | |||||||||||||||
Collectively evaluated for impairment | 3,639 | 1,732 | 580 | 403 | 5,485 | 59 | 11,898 | ||||||||||||||||||||||
Total | $ | 4,199 | $ | 3,032 | $ | 613 | $ | 403 | $ | 5,485 | $ | 59 | $ | 13,791 | |||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | |||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,297 | $ | 3,000 | $ | — | $ | 86 | $ | 523 | $ | — | $ | 4,906 | |||||||||||||||
Collectively evaluated for impairment | 2,819 | 1,616 | 637 | 482 | 5,041 | 28 | 10,623 | ||||||||||||||||||||||
Total | $ | 4,116 | $ | 4,616 | $ | 637 | $ | 568 | $ | 5,564 | $ | 28 | $ | 15,529 | |||||||||||||||
Loans by Impairment Method [Table Text Block] | ' | ||||||||||||||||||||||||||||
The following tables show the recorded investment in loans, exclusive of unamortized fees and costs, disaggregated on the basis of impairment analysis method by segment as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | |||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,007 | $ | 2,460 | $ | 846 | $ | — | $ | 763 | $ | — | $ | 5,076 | |||||||||||||||
Collectively evaluated for impairment | 257,003 | 114,934 | 49,503 | 25,205 | 531,376 | 9,236 | 987,257 | ||||||||||||||||||||||
Total | $ | 258,010 | $ | 117,394 | $ | 50,349 | $ | 25,205 | $ | 532,139 | $ | 9,236 | $ | 992,333 | |||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | |||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,897 | $ | 8,266 | $ | 679 | $ | 458 | $ | 3,651 | $ | — | $ | 16,951 | |||||||||||||||
Collectively evaluated for impairment | 278,227 | 113,645 | 48,601 | 25,078 | 438,206 | 7,099 | 910,856 | ||||||||||||||||||||||
Total | $ | 282,124 | $ | 121,911 | $ | 49,280 | $ | 25,536 | $ | 441,857 | $ | 7,099 | $ | 927,807 | |||||||||||||||
Premises_and_Equipment_Net_Tab
Premises and Equipment, Net (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Premises and Equipment, Net [Abstract] | ' | |||||||
Property, Plant and Equipment [Table Text Block] | ' | |||||||
Premises and equipment consisted of the following as of December 31, 2013 and 2012. | ||||||||
2013 | 2012 | |||||||
Land | $ | 2,704 | $ | 1,244 | ||||
Buildings | 1,570 | 1,391 | ||||||
Leasehold improvements | 3,004 | 2,971 | ||||||
Furniture and equipment | 5,611 | 4,908 | ||||||
12,889 | 10,514 | |||||||
Accumulated depreciation | 5,402 | 4,905 | ||||||
$ | 7,487 | $ | 5,609 | |||||
Deposits_Tables
Deposits (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Deposits [Abstract] | ' | |||
Schedule of Maturities of Time Deposits [Table Text Block] | ' | |||
The scheduled maturities of time deposits were as follows as of December 31, 2013. | ||||
2014 | $ | 87,834 | ||
2015 | 29,508 | |||
2016 | 15,608 | |||
2017 | 5,600 | |||
2018 | 7,594 | |||
$ | 146,144 | |||
Federal_Home_Loan_Bank_Advance1
Federal Home Loan Bank Advances (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Federal Home Loan Bank Advances [Abstract] | ' | ||||||||||||||||||||
Federal Home Loan Bank Advances Maturities Summary [Table Text Block] | ' | ||||||||||||||||||||
The following table presents the terms of all FHLB advances as of December 31, 2013 and 2012. | |||||||||||||||||||||
December 31, 2013 | 31-Dec-12 | ||||||||||||||||||||
Maturity | Interest | Effective | Interest | Effective | |||||||||||||||||
Date | Variable/Fixed | Rate | Rate (1) | Balance | Rate | Rate (1) | Balance | ||||||||||||||
1/29/18 | Fixed (2) | 2.70% | 2.70% | $ | 25,000 | 2.7 | % | 2.7 | % | $ | 25,000 | ||||||||||
12/23/19 | Variable | 0.54% | 2.38% | 25,000 | 0.6 | % | 2.44 | % | 25,000 | ||||||||||||
6/22/20 | Variable | 0.56% | 2.40% | 25,000 | 0.62 | % | 2.46 | % | 25,000 | ||||||||||||
9/21/20 | Variable | 0.56% | 2.48% | 30,000 | 0.62 | % | 2.54 | % | 30,000 | ||||||||||||
105,000 | 105,000 | ||||||||||||||||||||
Discount for modification | (9,608 | ) | (11,110 | ) | |||||||||||||||||
Total FHLB advances, net of discount | $ | 95,392 | $ | 93,890 | |||||||||||||||||
-1 | The effective interest rate for the variable rate advances includes the effects of the discount fee amortization. | ||||||||||||||||||||
-2 | Callable quarterly. |
Longterm_debt_Tables
Long-term debt (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Long-term Debt, Unclassified [Abstract] | ' | |||
Schedule of Maturities of Long-term Debt [Table Text Block] | ' | |||
Future principal payments for long-term debt as of December 31, 2013 are shown in the table below. | ||||
2014 | $ | 3,260 | ||
2015 | 3,260 | |||
2016 | 3,286 | |||
2017 | 3,312 | |||
2018 | 2,513 | |||
Thereafter | 304 | |||
$ | 15,935 | |||
Derivatives_Tables
Derivatives (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Derivatives [Abstract] | ' | |||||||||||||||||||
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | ' | |||||||||||||||||||
The tables below identify the balance sheet category and fair values of the Company's derivative instruments designated as cash flow hedges as of December 31, 2013 and 2012. | ||||||||||||||||||||
December 31, 2013 | Notional | Fair Value | Balance Sheet | Weighted | Weighted | Maturity | ||||||||||||||
Amount | Category | Average | Average Pay | |||||||||||||||||
Receive Rate | Rate | |||||||||||||||||||
Interest rate swap | -1 | $ | 25,000 | $ | 820 | Other Assets | 0.54 | % | 2.1 | % | 12/23/19 | |||||||||
Interest rate swap | -2 | 25,000 | 1,002 | Other Assets | 0.56 | % | 2.34 | % | 6/22/20 | |||||||||||
Interest rate swap | -3 | 30,000 | 1,316 | Other Assets | 0.56 | % | 2.52 | % | 9/21/20 | |||||||||||
Interest rate swap | -4 | 20,000 | 277 | Other Assets | 3.3 | % | 4.88 | % | 6/30/19 | |||||||||||
December 31, 2012 | Notional | Fair Value | Balance Sheet | Weighted | Weighted | Maturity | ||||||||||||||
Amount | Category | Average | Average Pay | |||||||||||||||||
Receive Rate | Rate | |||||||||||||||||||
Interest rate swap | -1 | $ | 25,000 | $ | (239 | ) | Other Liabilities | 0.6 | % | 2.1 | % | 12/23/19 | ||||||||
Interest rate swap | -2 | 25,000 | (238 | ) | Other Liabilities | 0.62 | % | 2.34 | % | 6/22/20 | ||||||||||
Interest rate swap | -3 | 30,000 | (267 | ) | Other Liabilities | 0.62 | % | 2.52 | % | 9/21/20 | ||||||||||
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] | ' | |||||||||||||||||||
The following tables identify the pretax gains (losses) recognized on the Company's derivative instruments designated as cash flow hedges for the years ended December 31, 2013 and 2012. | ||||||||||||||||||||
2013 | Effective Portion | Ineffective Portion | ||||||||||||||||||
Amount of | Reclassified from AOCI into | Recognized in Income on | ||||||||||||||||||
Pretax Gain | Income | Derivatives | ||||||||||||||||||
Recognized in | Amount of | Amount of | ||||||||||||||||||
OCI | Category | Gain (Loss) | Category | Gain (Loss) | ||||||||||||||||
Interest rate swap | -1 | $ | 1,059 | Interest Expense | $ | — | Other Income | $ | — | |||||||||||
Interest rate swap | -2 | 1,240 | Interest Expense | — | Other Income | — | ||||||||||||||
Interest rate swap | -3 | 1,583 | Interest Expense | — | Other Income | — | ||||||||||||||
Interest rate swap | -4 | 277 | Interest Expense | — | Other Income | — | ||||||||||||||
2012 | Effective Portion | Ineffective Portion | ||||||||||||||||||
Amount of | Reclassified from AOCI into | Recognized in Income on | ||||||||||||||||||
Pretax Loss | Income | Derivatives | ||||||||||||||||||
Recognized in | Amount of | Amount of | ||||||||||||||||||
OCI | Category | Gain (Loss) | Category | Gain (Loss) | ||||||||||||||||
Interest rate swap | -1 | $ | (239 | ) | Interest Expense | $ | — | Other Income | $ | — | ||||||||||
Interest rate swap | -2 | (238 | ) | Interest Expense | — | Other Income | — | |||||||||||||
Interest rate swap | -3 | (267 | ) | Interest Expense | — | Other Income | — | |||||||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Income Taxes from Continuing Operations [Abstract] | ' | ||||||||||||||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||||||||||||||
The components of income tax expenses consisted of the following for the years ended December 31, 2013, 2012 and 2011. | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Current: | |||||||||||||||||||||
Federal | $ | 5,097 | $ | 5,129 | $ | 4,441 | |||||||||||||||
State | 1,076 | 996 | 900 | ||||||||||||||||||
Deferred: | |||||||||||||||||||||
Federal | 1,044 | 548 | 630 | ||||||||||||||||||
State | 103 | 91 | 101 | ||||||||||||||||||
Income taxes | $ | 7,320 | $ | 6,764 | $ | 6,072 | |||||||||||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||||||||||||||
Total income tax expenses for the years ended December 31, 2013, 2012 and 2011, differed from the amounts computed by applying the U.S. federal income tax rate of 35 percent to income before income taxes as a result of the following: | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Amount | Percent | Amount | Percent | Amount | Percent | ||||||||||||||||
of Pretax | of Pretax | of Pretax | |||||||||||||||||||
Income | Income | Income | |||||||||||||||||||
Computed expected tax expense | $ | 8,474 | 35 | % | $ | 7,971 | 35 | % | $ | 7,469 | 35 | % | |||||||||
State income tax expense, net of | |||||||||||||||||||||
federal income tax benefit | 687 | 2.8 | 639 | 2.8 | 557 | 2.6 | |||||||||||||||
Tax-exempt interest income | (1,331 | ) | (5.5 | ) | (1,095 | ) | (4.8 | ) | (1,328 | ) | (6.2 | ) | |||||||||
Nondeductible interest expense to | |||||||||||||||||||||
own tax-exempts | 46 | 0.2 | 42 | 0.2 | 54 | 0.3 | |||||||||||||||
Tax-exempt increase in cash value of | |||||||||||||||||||||
life insurance and gains | (226 | ) | (0.9 | ) | (553 | ) | (2.4 | ) | (532 | ) | (2.5 | ) | |||||||||
Valuation allowance | 116 | 0.4 | 98 | 0.4 | 227 | 1.1 | |||||||||||||||
New markets tax credit | (273 | ) | (1.1 | ) | (273 | ) | (1.2 | ) | (273 | ) | (1.3 | ) | |||||||||
Other, net | (173 | ) | (0.7 | ) | (65 | ) | (0.3 | ) | (102 | ) | (0.5 | ) | |||||||||
Income taxes | $ | 7,320 | 30.2 | % | $ | 6,764 | 29.7 | % | $ | 6,072 | 28.5 | % | |||||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||||||||||||||
Net deferred tax assets consist of the following components as of December 31, 2013 and 2012. | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Deferred tax assets: | |||||||||||||||||||||
Allowance for loan losses | $ | 5,241 | $ | 5,901 | |||||||||||||||||
Investment security impairment | 106 | 106 | |||||||||||||||||||
Net unrealized losses on securities available for sale | 3,466 | — | |||||||||||||||||||
Net unrealized losses on interest rate swaps | — | 283 | |||||||||||||||||||
Intangibles | 1,387 | 1,695 | |||||||||||||||||||
Other real estate owned | 1,572 | 1,475 | |||||||||||||||||||
Accrued expenses | 819 | 766 | |||||||||||||||||||
Restricted stock compensation | 140 | 45 | |||||||||||||||||||
State net operating loss carryforward | 647 | 529 | |||||||||||||||||||
Capital loss carryforward | 4,063 | 4,065 | |||||||||||||||||||
Other | 56 | 243 | |||||||||||||||||||
17,497 | 15,108 | ||||||||||||||||||||
Deferred tax liabilities: | |||||||||||||||||||||
Net deferred loan fees and costs | 280 | 272 | |||||||||||||||||||
Net unrealized gains on securities available for sale | — | 1,463 | |||||||||||||||||||
Net unrealized gains on interest rate swaps | 1,297 | — | |||||||||||||||||||
Premises and equipment | 559 | 513 | |||||||||||||||||||
Loans | 1,038 | 878 | |||||||||||||||||||
Other | 314 | 291 | |||||||||||||||||||
3,488 | 3,417 | ||||||||||||||||||||
Net deferred tax assets before valuation allowance | 14,009 | 11,691 | |||||||||||||||||||
Valuation allowance for deferred tax assets | (4,816 | ) | (4,700 | ) | |||||||||||||||||
Net deferred tax assets | $ | 9,193 | $ | 6,991 | |||||||||||||||||
Stock_Compensation_Plans_Table
Stock Compensation Plans (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Stock Compensation Plans [Abstract] | ' | |||||||||||||
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | ' | |||||||||||||
The following is a summary of nonvested RSU activity for the years ended December 31, 2013 and 2012. | ||||||||||||||
2013 | 2012 | |||||||||||||
Weighted Average | Weighted Average | |||||||||||||
Grant-Date | Grant-Date | |||||||||||||
(actual amounts, not in thousands) | Shares | Fair Value Per Share | Shares | Fair Value Per Share | ||||||||||
Nonvested shares, beginning of period | 66,793 | $ | 9.74 | — | $ | — | ||||||||
Granted | 77,500 | 11.1 | 66,793 | 9.74 | ||||||||||
Vested | (13,956 | ) | 10.17 | — | — | |||||||||
Forfeited | — | — | — | — | ||||||||||
Nonvested shares, end of period | 130,337 | $ | 10.5 | 66,793 | $ | 9.74 | ||||||||
Comprehensive_Income_Tables
Comprehensive Income (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Comprehensive Income [Abstract] | ' | |||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||||||||
The following table summarizes the changes in the balances of each component of accumulated other comprehensive income (loss), net of tax, for the years ended December 31, 2013, 2012 and 2011. | ||||||||||||||||
Noncredit-related | ||||||||||||||||
Unrealized | Unrealized | Unrealized | Accumulated | |||||||||||||
Gains (Losses) | Gains (Losses) | Gains | Other | |||||||||||||
on Securities | on Securities | (Losses) on | Comprehensive | |||||||||||||
with OTTI | without OTTI | Derivatives | Income (Loss) | |||||||||||||
Balance, December 31, 2010 | $ | (1,943 | ) | $ | (704 | ) | $ | — | $ | (2,647 | ) | |||||
Current period, other comprehensive income | 3 | 3,298 | — | 3,301 | ||||||||||||
Balance, December 31, 2011 | (1,940 | ) | 2,594 | — | 654 | |||||||||||
Current period, other comprehensive income (loss) | 181 | 1,552 | (461 | ) | 1,272 | |||||||||||
Balance, December 31, 2012 | (1,759 | ) | 4,146 | (461 | ) | 1,926 | ||||||||||
Other comprehensive income (loss) before | ||||||||||||||||
reclassifications | 320 | (8,363 | ) | 2,579 | (5,464 | ) | ||||||||||
Amounts reclassified from accumulated other | ||||||||||||||||
comprehensive income | — | — | — | — | ||||||||||||
Net current period other comprehensive income (loss) | 320 | (8,363 | ) | 2,579 | (5,464 | ) | ||||||||||
Balance, December 31, 2013 | $ | (1,439 | ) | $ | (4,217 | ) | $ | 2,118 | $ | (3,538 | ) | |||||
Schedule of Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||||||||
The following tables show the tax effects allocated to each component of other comprehensive income (loss) for the years ended December 31, 2013, 2012 and 2011. | ||||||||||||||||
2013 | ||||||||||||||||
Before Tax | Tax (Expense) | Net of Tax | ||||||||||||||
Amount | Benefit | Amount | ||||||||||||||
Unrealized noncredit-related gains on securities with OTTI: | ||||||||||||||||
Unrealized holding gains arising during period | $ | 516 | $ | (196 | ) | $ | 320 | |||||||||
Less: reclassification adjustment for net losses realized in net income | — | — | — | |||||||||||||
Net unrealized holding gains for securities with OTTI | 516 | (196 | ) | 320 | ||||||||||||
Unrealized losses on securities without OTTI: | ||||||||||||||||
Unrealized holding losses arising during period | (13,488 | ) | 5,125 | (8,363 | ) | |||||||||||
Less: reclassification adjustment for net gains realized in net income | — | — | — | |||||||||||||
Net unrealized losses on securities without OTTI | (13,488 | ) | 5,125 | (8,363 | ) | |||||||||||
Unrealized gains on derivatives: | ||||||||||||||||
Unrealized gains on derivatives arising during period | 4,159 | (1,580 | ) | 2,579 | ||||||||||||
Other comprehensive (loss) | $ | (8,813 | ) | $ | 3,349 | $ | (5,464 | ) | ||||||||
2012 | ||||||||||||||||
Before Tax | Tax (Expense) | Net of Tax | ||||||||||||||
Amount | Benefit | Amount | ||||||||||||||
Unrealized noncredit-related gains on securities with OTTI: | ||||||||||||||||
Unrealized holding gains arising during period | $ | 89 | $ | (34 | ) | $ | 55 | |||||||||
Less: reclassification adjustment for net losses realized in net income | 203 | (77 | ) | 126 | ||||||||||||
Net unrealized holding gains for securities with OTTI | 292 | (111 | ) | 181 | ||||||||||||
Unrealized gains on securities without OTTI: | ||||||||||||||||
Unrealized holding gains arising during period | 2,749 | (1,045 | ) | 1,704 | ||||||||||||
Less: reclassification adjustment for net gains realized in net income | (246 | ) | 94 | (152 | ) | |||||||||||
Net unrealized gains on securities without OTTI | 2,503 | (951 | ) | 1,552 | ||||||||||||
Unrealized losses on derivatives: | ||||||||||||||||
Unrealized losses on derivatives arising during period | (744 | ) | 283 | (461 | ) | |||||||||||
Other comprehensive income | $ | 2,051 | $ | (779 | ) | $ | 1,272 | |||||||||
2011 | ||||||||||||||||
Before Tax | Tax (Expense) | Net of Tax | ||||||||||||||
Amount | Benefit | Amount | ||||||||||||||
Unrealized noncredit-related gains on securities with OTTI: | ||||||||||||||||
Unrealized holding losses arising during period | $ | (94 | ) | $ | 36 | $ | (58 | ) | ||||||||
Less: reclassification adjustment for net losses realized in net income | 99 | (38 | ) | 61 | ||||||||||||
Net unrealized holding gains for securities with OTTI | 5 | (2 | ) | 3 | ||||||||||||
Unrealized gains on securities without OTTI: | ||||||||||||||||
Unrealized holding gains arising during period | 5,320 | (2,022 | ) | 3,298 | ||||||||||||
Less: reclassification adjustment for net gains realized in net income | — | — | — | |||||||||||||
Net unrealized gains on securities without OTTI | 5,320 | (2,022 | ) | 3,298 | ||||||||||||
Other comprehensive income | $ | 5,325 | $ | (2,024 | ) | $ | 3,301 | |||||||||
Regulatory_Capital_Requirement1
Regulatory Capital Requirements (Tables) | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||
Regulatory Capital Requirements [Abstract] | ' | |||||||||||||||||||||
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | ' | |||||||||||||||||||||
The Company's and West Bank's capital amounts and ratios are presented in the following table as of December 31, 2013 and 2012. | ||||||||||||||||||||||
Actual | To Be Well-Capitalized For Capital | To Be Well-Capitalized | ||||||||||||||||||||
Adequacy Purposes | Under Prompt | |||||||||||||||||||||
Corrective | ||||||||||||||||||||||
Action Provisions | ||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | |||||||||||||||||
As of December 31, 2013: | ||||||||||||||||||||||
Total Capital (to Risk-Weighted Assets) | ||||||||||||||||||||||
Consolidated | $ | 160,737 | 13.94 | % | $ | 92,265 | 8 | % | N/A | N/A | ||||||||||||
West Bank | 155,666 | 13.86 | 89,859 | 8 | $ | 112,323 | 10 | % | ||||||||||||||
Tier 1 Capital (to Risk-Weighted Assets) | ||||||||||||||||||||||
Consolidated | 146,946 | 12.74 | 46,133 | 4 | N/A | N/A | ||||||||||||||||
West Bank | 141,875 | 12.63 | 44,929 | 4 | 67,394 | 6 | ||||||||||||||||
Tier 1 Capital (to Average Assets) | ||||||||||||||||||||||
Consolidated | 146,946 | 10.04 | 58,520 | 4 | N/A | N/A | ||||||||||||||||
West Bank | 141,875 | 9.8 | 57,882 | 4 | 72,353 | 5 | ||||||||||||||||
As of December 31, 2012: | ||||||||||||||||||||||
Total Capital (to Risk-Weighted Assets) | ||||||||||||||||||||||
Consolidated | $ | 165,995 | 15.56 | % | $ | 85,331 | 8 | % | N/A | N/A | ||||||||||||
West Bank | 145,252 | 14.03 | 82,844 | 8 | $ | 103,555 | 10 | % | ||||||||||||||
Tier 1 Capital (to Risk-Weighted Assets) | ||||||||||||||||||||||
Consolidated | 152,635 | 14.31 | 42,666 | 4 | N/A | N/A | ||||||||||||||||
West Bank | 132,276 | 12.77 | 41,422 | 4 | 62,133 | 6 | ||||||||||||||||
Tier 1 Capital (to Average Assets) | ||||||||||||||||||||||
Consolidated | 152,635 | 11.23 | 54,387 | 4 | N/A | N/A | ||||||||||||||||
West Bank | 132,276 | 9.85 | 53,722 | 4 | 67,153 | 5 | ||||||||||||||||
Commitments_and_Contingencies_1
Commitments and Contingencies (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Commitments and Contingencies [Abstract] | ' | |||||||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | ' | |||||||
Total approximate minimum rental commitments were as follows as of December 31, 2013. | ||||||||
2014 | $ | 1,725 | ||||||
2015 | 1,699 | |||||||
2016 | 1,688 | |||||||
2017 | 1,695 | |||||||
2018 | 1,703 | |||||||
Thereafter | 14,080 | |||||||
$ | 22,590 | |||||||
Summary Of Outstanding Commitments To Extend Credit And Letters Of Credit [Table Text Block] | ' | |||||||
The Company's commitments consisted of the following approximate amounts as of December 31, 2013 and 2012. | ||||||||
2013 | 2012 | |||||||
Commitments to extend credit | $ | 388,197 | $ | 360,879 | ||||
Standby letters of credit | 3,546 | 10,488 | ||||||
$ | 391,743 | $ | 371,367 | |||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Fair Value Measurements [Abstract] | ' | |||||||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | ' | |||||||||||||||||
The following tables present the balances of assets and liabilities measured at fair value on a recurring basis by level as of December 31, 2013 and 2012. | ||||||||||||||||||
2013 | ||||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Investment securities available for sale: | ||||||||||||||||||
U.S. government agencies and corporations | $ | 12,871 | $ | — | $ | 12,871 | $ | — | ||||||||||
State and political subdivisions | 87,788 | — | 87,788 | — | ||||||||||||||
Collateralized mortgage obligations | 168,648 | — | 168,648 | — | ||||||||||||||
Mortgage-backed securities | 58,156 | — | 58,156 | — | ||||||||||||||
Trust preferred securities | 2,745 | — | 895 | 1,850 | ||||||||||||||
Corporate notes and equity securities | 15,008 | 14,708 | 300 | — | ||||||||||||||
Total investment securities available for sale | 345,216 | 14,708 | 328,658 | 1,850 | ||||||||||||||
Derivative instruments: | ||||||||||||||||||
Interest rate swaps | 3,415 | — | 3,415 | — | ||||||||||||||
Total assets measured at fair value on a recurring basis | $ | 348,631 | $ | 14,708 | $ | 332,073 | $ | 1,850 | ||||||||||
2012 | ||||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Investment securities available for sale: | ||||||||||||||||||
U.S. government agencies and corporations | $ | 13,034 | $ | — | $ | 13,034 | $ | — | ||||||||||
State and political subdivisions | 56,761 | — | 56,761 | — | ||||||||||||||
Collateralized mortgage obligations | 173,594 | — | 173,594 | — | ||||||||||||||
Mortgage-backed securities | 38,424 | — | 38,424 | — | ||||||||||||||
Trust preferred securities | 2,095 | — | 761 | 1,334 | ||||||||||||||
Corporate notes and equity securities | 8,406 | 7,780 | 626 | — | ||||||||||||||
Total assets measured at fair value on a recurring basis | 292,314 | 7,780 | 283,200 | 1,334 | ||||||||||||||
Derivative instruments: | ||||||||||||||||||
Interest rate swaps | $ | 744 | $ | — | $ | 744 | $ | — | ||||||||||
Total liabilities measured at fair value on a recurring basis | $ | 744 | $ | — | $ | 744 | $ | — | ||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | ' | |||||||||||||||||
The following table presents changes in investment securities available for sale with significant unobservable inputs (Level 3) for the years ended December 31, 2013, 2012 and 2011. The activity in the table consists of one pooled TPS (ALESCO Preferred Funding X, Ltd.) | ||||||||||||||||||
Investment securities available for sale: | 2013 | 2012 | 2011 | |||||||||||||||
Beginning balance | $ | 1,334 | $ | 1,245 | $ | 1,339 | ||||||||||||
Transfer into Level 3 | — | — | — | |||||||||||||||
Total gains or (losses): | ||||||||||||||||||
Included in earnings | — | (203 | ) | (99 | ) | |||||||||||||
Included in other comprehensive income | 516 | 292 | 5 | |||||||||||||||
Sale of security | — | — | — | |||||||||||||||
Principal payments | — | — | — | |||||||||||||||
Ending balance | $ | 1,850 | $ | 1,334 | $ | 1,245 | ||||||||||||
Fair Value Measurements, Nonrecurring [Table Text Block] | ' | |||||||||||||||||
The following tables present those assets carried on the balance sheet by caption and by level within the valuation hierarchy as of December 31, 2013 and 2012. | ||||||||||||||||||
2013 | ||||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Assets: | ||||||||||||||||||
Impaired loans | $ | 1,270 | $ | — | $ | — | $ | 1,270 | ||||||||||
Other real estate owned | 5,800 | — | — | 5,800 | ||||||||||||||
Total | $ | 7,070 | $ | — | $ | — | $ | 7,070 | ||||||||||
2012 | ||||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Assets: | ||||||||||||||||||
Impaired loans | $ | 5,182 | $ | — | $ | — | $ | 5,182 | ||||||||||
Other real estate owned | 8,304 | — | — | 8,304 | ||||||||||||||
Total | $ | 13,486 | $ | — | $ | — | $ | 13,486 | ||||||||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block] | ' | |||||||||||||||||
The following tables present additional quantitative information about assets measured on a recurring basis for which the Company has utilized Level 3 inputs to determine fair value as of December 31, 2013 and 2012. | ||||||||||||||||||
December 31, 2013 | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range (Average) | |||||||||||||||
ALESCO Preferred Funding X, Ltd. | $ | 1,850 | Discounted cash flow | Discount rate | N/A (17.0%) | |||||||||||||
Prepayment rate | 0.0% - 75.0% (5.6%) | |||||||||||||||||
Probability of default | 1.9% - 100.0% (18.9%) | |||||||||||||||||
Expected losses on | 20.0% - 100.0% (88.3%) | |||||||||||||||||
defaulted collateral | ||||||||||||||||||
Recovery probabilities | 0.0% - 75.0% (29.8%) | |||||||||||||||||
for deferring collateral | ||||||||||||||||||
December 31, 2012 | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range (Average) | |||||||||||||||
ALESCO Preferred Funding X, Ltd. | $ | 1,334 | Discounted cash flow | Discount rate | N/A (16.8%) | |||||||||||||
Prepayment rate | 0.0% - 75.0% (5.2%) | |||||||||||||||||
Probability of default | 2.8% - 100.0% (19.4%) | |||||||||||||||||
Expected losses on | 85.0% - 100.0% (88.5%) | |||||||||||||||||
defaulted collateral | ||||||||||||||||||
Recovery probabilities | 0.0% - 75.0% (26.3%) | |||||||||||||||||
for deferring collateral | ||||||||||||||||||
The following tables present additional quantitative information about assets measured at fair value on a nonrecurring basis for which the Company has utilized Level 3 inputs to determine fair value as of December 31, 2013 and 2012. | ||||||||||||||||||
December 31, 2013 | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range (Average) | |||||||||||||||
Impaired loans | $ | 1,270 | Evaluation of collateral | Estimation of value | NM* | |||||||||||||
Other real estate owned | 5,800 | Appraisal | Appraisal adjustment | 0.0% - 50.0% (10.6%) | ||||||||||||||
December 31, 2012 | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range (Average) | |||||||||||||||
Impaired loans | $ | 5,182 | Evaluation of collateral | Estimation of value | NM* | |||||||||||||
Other real estate owned | 8,304 | Appraisal | Appraisal adjustment | 0.0% - 50.0% (28.4%) | ||||||||||||||
* Not Meaningful. Evaluations of the underlying assets are completed for each impaired loan with a specific reserve. The types of collateral vary widely and could include accounts receivable, inventory, a variety of equipment and real estate. Collateral evaluations are reviewed and discounted as appropriate based on knowledge of the specific type of collateral. In the case of real estate, an independent appraisal may be obtained. Types of discounts considered include aging of receivables, condition of the collateral, potential market for the collateral and estimated disposal costs. These discounts will vary from loan to loan, thus providing a range would not be meaningful. | ||||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | |||||||||||||||||
The following table presents the carrying amounts and approximate fair values of financial assets and liabilities as of December 31, 2013 and 2012. | ||||||||||||||||||
2013 | 2012 | |||||||||||||||||
Fair Value | Carrying | Approximate | Carrying | Approximate | ||||||||||||||
Hierarchy Level | Amount | Fair Value | Amount | Fair Value | ||||||||||||||
Financial assets: | ||||||||||||||||||
Cash and due from banks | Level 1 | $ | 41,126 | $ | 41,126 | $ | 60,417 | $ | 60,417 | |||||||||
Federal funds sold and other short-term | ||||||||||||||||||
investments | Level 1 | 1,299 | 1,299 | 111,057 | 111,057 | |||||||||||||
Investment securities available for sale | See previous table | 345,216 | 345,216 | 292,314 | 292,314 | |||||||||||||
Federal Home Loan Bank stock | Level 1 | 11,851 | 11,851 | 11,789 | 11,789 | |||||||||||||
Loans held for sale | Level 2 | 2,230 | 2,242 | 3,363 | 3,409 | |||||||||||||
Loans, net (1) | Level 2 | 977,929 | 990,811 | 911,872 | 928,048 | |||||||||||||
Accrued interest receivable | Level 1 | 4,007 | 4,007 | 3,652 | 3,652 | |||||||||||||
Interest rate swaps | See previous table | 3,415 | 3,415 | — | — | |||||||||||||
Financial liabilities: | ||||||||||||||||||
Deposits | Level 2 | $ | 1,163,842 | $ | 1,165,112 | $ | 1,134,576 | $ | 1,136,378 | |||||||||
Federal funds purchased and securities | ||||||||||||||||||
sold under agreements to repurchase | Level 1 | 16,622 | 16,622 | 55,596 | 55,596 | |||||||||||||
Accrued interest payable | Level 1 | 429 | 429 | 472 | 472 | |||||||||||||
Subordinated notes | Level 2 | 20,619 | 11,819 | 20,619 | 12,010 | |||||||||||||
Federal Home Loan Bank advances, net | Level 2 | 95,392 | 94,785 | 93,890 | 95,741 | |||||||||||||
Long-term debt | Level 2 | 15,935 | 16,112 | — | — | |||||||||||||
Interest rate swaps | See previous table | — | — | 744 | 744 | |||||||||||||
Off-balance-sheet financial instruments: | ||||||||||||||||||
Commitments to extend credit | Level 3 | — | — | — | — | |||||||||||||
Standby letters of credit | Level 3 | — | — | — | — | |||||||||||||
-1 | All loans are Level 2 except impaired loans of $1,270 and $5,182 as of December 31, 2013 and 2012, respectively, which are Level 3. |
West_Bancorporation_Inc_Parent1
West Bancorporation, Inc. (Parent Company Only) Condensed Financial Statements (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
West Bancorporation, Inc. (Parent Company Ony) Condensed Financial Statements [Abstract] | ' | ||||||||||||
Schedule of Condensed Balance Sheet [Table Text Block] | ' | ||||||||||||
Balance Sheets | |||||||||||||
December 31, 2013 and 2012 | |||||||||||||
2013 | 2012 | ||||||||||||
ASSETS | |||||||||||||
Cash | $ | 6,705 | $ | 6,999 | |||||||||
Investment securities available for sale | 1,850 | 1,334 | |||||||||||
Investment in West Bank | 139,822 | 135,987 | |||||||||||
Investment in West Bancorporation Capital Trust I | 619 | 619 | |||||||||||
Premises, net | 3,967 | 2,371 | |||||||||||
Other real estate owned | 5,456 | 6,907 | |||||||||||
Other assets | 1,869 | 1,285 | |||||||||||
Total assets | $ | 160,288 | $ | 155,502 | |||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||||||||
LIABILITIES | |||||||||||||
Accrued expenses and other liabilities | $ | 109 | $ | 296 | |||||||||
Subordinated notes | 20,619 | 20,619 | |||||||||||
Long-term debt | 15,935 | — | |||||||||||
Total liabilities | 36,663 | 20,915 | |||||||||||
STOCKHOLDERS' EQUITY | |||||||||||||
Preferred stock | — | — | |||||||||||
Common stock | 3,000 | 3,000 | |||||||||||
Additional paid-in capital | 18,411 | 33,805 | |||||||||||
Retained earnings | 105,752 | 95,856 | |||||||||||
Accumulated other comprehensive income (loss) | (3,538 | ) | 1,926 | ||||||||||
Total stockholders' equity | 123,625 | 134,587 | |||||||||||
Total liabilities and stockholders' equity | $ | 160,288 | $ | 155,502 | |||||||||
Schedule of Condensed Income Statement [Table Text Block] | ' | ||||||||||||
Statements of Income | |||||||||||||
Years Ended December 31, 2013, 2012, and 2011 | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Operating income: | |||||||||||||
Equity in net income of West Bank | $ | 18,609 | $ | 17,700 | $ | 17,398 | |||||||
Equity in net income of West Bancorporation Capital Trust I | 21 | 22 | 21 | ||||||||||
Interest and dividend income | — | 44 | 49 | ||||||||||
Investment securities impairment losses | — | (203 | ) | (99 | ) | ||||||||
Intercompany rental income | 145 | 36 | — | ||||||||||
Other income | — | — | 55 | ||||||||||
Total operating income | 18,775 | 17,599 | 17,424 | ||||||||||
Operating expenses: | |||||||||||||
Interest on subordinated notes | 711 | 751 | 715 | ||||||||||
Interest on long-term debt | 188 | — | — | ||||||||||
Occupancy | 49 | 10 | — | ||||||||||
Other real estate owned expense | 1,511 | 1,011 | 2,021 | ||||||||||
Other expenses | 686 | 590 | 512 | ||||||||||
Total operating expenses | 3,145 | 2,362 | 3,248 | ||||||||||
Income before income taxes | 15,630 | 15,237 | 14,176 | ||||||||||
Income tax benefits | (1,261 | ) | (774 | ) | (1,092 | ) | |||||||
Net income | $ | 16,891 | $ | 16,011 | $ | 15,268 | |||||||
Schedule of Condensed Cash Flow Statement [Table Text Block] | ' | ||||||||||||
Statements of Cash Flows | |||||||||||||
Years Ended December 31, 2013, 2012, and 2011 | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Cash Flows from Operating Activities: | |||||||||||||
Net income | $ | 16,891 | $ | 16,011 | $ | 15,268 | |||||||
Adjustments to reconcile net income to net cash provided by | |||||||||||||
operating activities: | |||||||||||||
Equity in net income of West Bank | (18,609 | ) | (17,700 | ) | (17,398 | ) | |||||||
Equity in net income of West Bancorporation Capital Trust I | (21 | ) | (22 | ) | (21 | ) | |||||||
Dividends received from West Bank | 19,200 | 12,500 | 42,035 | ||||||||||
Dividends received from West Bancorporation Capital Trust I | 21 | 22 | 21 | ||||||||||
Investment securities impairment losses | — | 203 | 99 | ||||||||||
Amortization | 20 | 14 | 14 | ||||||||||
Depreciation | 43 | 10 | — | ||||||||||
Loss on disposition of premises | — | 36 | — | ||||||||||
Write-down of other real estate owned | 1,341 | 943 | 1,902 | ||||||||||
Loss on sale of other real estate owned | 70 | — | 50 | ||||||||||
Deferred income tax benefits | (412 | ) | (343 | ) | (726 | ) | |||||||
Change in assets and liabilities: | |||||||||||||
(Increase) decrease in other assets | (219 | ) | 25 | 1,210 | |||||||||
Increase (decrease) in accrued expenses and other liabilities | (137 | ) | 65 | (214 | ) | ||||||||
Net cash provided by operating activities | 18,188 | 11,764 | 42,240 | ||||||||||
Cash Flows from Investing Activities: | |||||||||||||
Net change in loans | — | 2,000 | — | ||||||||||
Purchases of premises from West Bank | — | (2,339 | ) | — | |||||||||
Other purchases of premises | (874 | ) | (43 | ) | — | ||||||||
Net proceeds from sales of other real estate owned | 280 | — | 195 | ||||||||||
Payments for other real estate owned improvements | (291 | ) | — | — | |||||||||
Capital contribution to West Bank | (10,000 | ) | — | — | |||||||||
Net cash provided by (used in) investing activities | (10,885 | ) | (382 | ) | 195 | ||||||||
Cash Flows from Financing Activities: | |||||||||||||
Proceeds from long-term debt | 16,000 | — | — | ||||||||||
Principal payments on long-term debt | (830 | ) | — | — | |||||||||
Common stock cash dividends | (6,995 | ) | (6,265 | ) | (2,959 | ) | |||||||
Preferred stock dividends paid | — | — | (1,120 | ) | |||||||||
Redemption of preferred stock | — | — | (36,000 | ) | |||||||||
Repurchase of common stock warrant | — | — | (700 | ) | |||||||||
Repurchase and cancellation of common stock | (15,774 | ) | — | — | |||||||||
Tax withholding related to net share settlements of restricted stock units | (14 | ) | — | — | |||||||||
Excess tax benefits from vesting of restricted stock units | 16 | — | — | ||||||||||
Net cash used in financing activities | (7,597 | ) | (6,265 | ) | (40,779 | ) | |||||||
Net increase (decrease) in cash | (294 | ) | 5,117 | 1,656 | |||||||||
Cash: | |||||||||||||
Beginning | 6,999 | 1,882 | 226 | ||||||||||
Ending | $ | 6,705 | $ | 6,999 | $ | 1,882 | |||||||
Supplemental Disclosure of Noncash Investing and Financing Activities: | |||||||||||||
Purchase of premises financed by issuance of long-term debt | $ | 765 | $ | — | $ | — | |||||||
Selected_Quarterly_Financial_D1
Selected Quarterly Financial Data (unaudited) (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Selected Quarterly Financial Data (unaudited) [Abstract] | ' | ||||||||||||||||
Schedule of Quarterly Financial Information [Table Text Block] | ' | ||||||||||||||||
2013 | |||||||||||||||||
Three months ended | 31-Mar | 30-Jun | 30-Sep | 31-Dec | |||||||||||||
Interest income | $ | 12,572 | $ | 13,261 | $ | 13,444 | $ | 13,464 | |||||||||
Interest expense | 1,748 | 1,728 | 1,818 | 1,764 | |||||||||||||
Net interest income | 10,824 | 11,533 | 11,626 | 11,700 | |||||||||||||
Provision for loan losses | 150 | — | (1,000 | ) | — | ||||||||||||
Net interest income after provision for loan losses | 10,674 | 11,533 | 12,626 | 11,700 | |||||||||||||
Noninterest income | 2,221 | 2,017 | 2,130 | 2,135 | |||||||||||||
Noninterest expense | 7,246 | 7,415 | 8,413 | 7,751 | |||||||||||||
Income before income taxes | 5,649 | 6,135 | 6,343 | 6,084 | |||||||||||||
Income taxes | 1,701 | 1,837 | 1,980 | 1,802 | |||||||||||||
Net income | $ | 3,948 | $ | 4,298 | $ | 4,363 | $ | 4,282 | |||||||||
Basic earnings per common share | $ | 0.23 | $ | 0.25 | $ | 0.27 | $ | 0.27 | |||||||||
Diluted earnings per common share | $ | 0.23 | $ | 0.25 | $ | 0.27 | $ | 0.27 | |||||||||
2012 | |||||||||||||||||
Three months ended | 31-Mar | 30-Jun | 30-Sep | 31-Dec | |||||||||||||
Interest income | $ | 12,706 | $ | 12,896 | $ | 12,553 | $ | 12,507 | |||||||||
Interest expense | 2,528 | 2,505 | 2,296 | 2,135 | |||||||||||||
Net interest income | 10,178 | 10,391 | 10,257 | 10,372 | |||||||||||||
Provision for loan losses | — | — | 300 | 325 | |||||||||||||
Net interest income after provision for loan losses | 10,178 | 10,391 | 9,957 | 10,047 | |||||||||||||
Noninterest income | 2,401 | 3,346 | 2,548 | 2,699 | |||||||||||||
Noninterest expense | 6,865 | 7,813 | 7,104 | 7,010 | |||||||||||||
Income before income taxes | 5,714 | 5,924 | 5,401 | 5,736 | |||||||||||||
Income taxes | 1,737 | 1,541 | 1,649 | 1,837 | |||||||||||||
Net income | $ | 3,977 | $ | 4,383 | $ | 3,752 | $ | 3,899 | |||||||||
Basic earnings per common share | $ | 0.23 | $ | 0.25 | $ | 0.22 | $ | 0.22 | |||||||||
Diluted earnings per common share | $ | 0.23 | $ | 0.25 | $ | 0.22 | $ | 0.22 | |||||||||
Organization_and_Nature_of_Bus3
Organization and Nature of Business and Summary of Significant Accounting Policies (Branches) (Details) | Dec. 31, 2013 |
Bank_branches | |
Des Moines, Iowa metropolitan area [Member] | ' |
Number of bank branches by location [Line Items] | ' |
Number of bank branches | 8 |
Iowa City, Iowa [Member] | ' |
Number of bank branches by location [Line Items] | ' |
Number of bank branches | 2 |
Coralville, Iowa [Member] | ' |
Number of bank branches by location [Line Items] | ' |
Number of bank branches | 1 |
Rochester, Minnesota [Member] | ' |
Number of bank branches by location [Line Items] | ' |
Number of bank branches | 1 |
Organization_and_Nature_of_Bus4
Organization and Nature of Business and Summary of Significant Accounting Policies (Subsidiaries) (Details) (ICD IV, LLC [Member]) | Dec. 31, 2013 |
ICD IV, LLC [Member] | ' |
Organization and Nature of Business [Line Items] | ' |
Ownership percentage of less than wholly owned consolidated subsidiaries | 99.99% |
Organization_and_Nature_of_Bus5
Organization and Nature of Business and Summary of Significant Accounting Policies (FHLB stock) (Details) (Federal Home Loan Bank stock [Member], USD $) | Dec. 31, 2013 |
Federal Home Loan Bank stock [Member] | ' |
Schedule of Cost-method Investments [Line Items] | ' |
Federal Home Loan Bank stock, percent of total assets required | 0.12% |
Federal Home Loan Bank stock, percent of outstanding advances required | 4.00% |
Quoted market value | $0 |
Par value per share, FHLB stock | $100 |
Organization_and_Nature_of_Bus6
Organization and Nature of Business and Summary of Significant Accounting Policies (Preferred and Common Stock) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 31, 2011 | Jun. 29, 2011 | Dec. 31, 2008 |
In Thousands, except Share data, unless otherwise specified | Preferred Stock [Member] | Preferred Stock [Member] | |||
Class of Stock [Line Items] | ' | ' | ' | ' | ' |
Preferred stock, shares issued | 0 | 0 | ' | ' | 36,000 |
Preferred stock, redeemed, shares | ' | ' | ' | 36,000 | ' |
Preferred stock, total payment made to redeem stock | ' | ' | ' | $36,220 | ' |
Principal portion of preferred stock redemption payment | ' | ' | ' | 36,000 | ' |
Dividend portion of redemption payment for preferred stock | ' | ' | ' | 220 | ' |
Preferred stock, carrying value | ' | ' | ' | 34,752 | ' |
Preferred stock, discount on shares | ' | ' | ' | 1,248 | ' |
Shares of common stock exercisable under common stock warrant | ' | ' | 474,100 | ' | ' |
Common stock warrant exercise price ($ per share) | ' | ' | 11.39 | ' | ' |
Repurchase of common stock warrant | ' | ' | $700 | ' | ' |
Organization_and_Nature_of_Bus7
Organization and Nature of Business and Summary of Significant Accounting Policies (Useful Lives) (Details) (Maximum [Member]) | 12 Months Ended |
Dec. 31, 2013 | |
Buildings [Member] | ' |
Premises and equipment [Line Items] | ' |
Premises and equipment, useful life | '40 years |
Furniture and equipment [Member] | ' |
Premises and equipment [Line Items] | ' |
Premises and equipment, useful life | '10 years |
Organization_and_Nature_of_Bus8
Organization and Nature of Business and Summary of Significant Accounting Policies Earnings per Share (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Earnings Per Share [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | $4,282 | $4,363 | $4,298 | $3,948 | $3,899 | $3,752 | $4,383 | $3,977 | $16,891 | $16,011 | $15,268 |
Preferred stock dividends, cash | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -895 |
Preferred stock, accretion of redemption discount | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -1,492 |
Net income available to common stockholders | ' | ' | ' | ' | ' | ' | ' | ' | $16,891 | $16,011 | $12,881 |
Weighted average number of shares outstanding, basic | ' | ' | ' | ' | ' | ' | ' | ' | 16,582 | 17,404 | 17,404 |
Weighted average number of shares, restricted stock | ' | ' | ' | ' | ' | ' | ' | ' | 47 | 40 | 0 |
Weighted average number of shares outstanding, diluted | ' | ' | ' | ' | ' | ' | ' | ' | 16,629 | 17,444 | 17,404 |
Basic earnings per common share | $0.27 | $0.27 | $0.25 | $0.23 | $0.22 | $0.22 | $0.25 | $0.23 | $1.02 | $0.92 | $0.74 |
Diluted earnings per common share | $0.27 | $0.27 | $0.25 | $0.23 | $0.22 | $0.22 | $0.25 | $0.23 | $1.02 | $0.92 | $0.74 |
Investment_Securities_Availabl
Investment Securities Available-for-Sale by Security Type (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized cost | $354,338 | $288,465 | ||
Gross unrealized gains | 4,554 | 7,842 | ||
Gross unrealized (losses) | -13,676 | -3,993 | ||
Available-for-sale securities, fair value | 345,216 | 292,314 | ||
U.S. government agencies and corporations [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized cost | 12,593 | 12,614 | ||
Gross unrealized gains | 278 | 420 | ||
Gross unrealized (losses) | 0 | 0 | ||
Available-for-sale securities, fair value | 12,871 | 13,034 | ||
State and political subdivisions [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized cost | 90,833 | 54,075 | ||
Gross unrealized gains | 1,466 | 2,754 | ||
Gross unrealized (losses) | -4,511 | -68 | ||
Available-for-sale securities, fair value | 87,788 | 56,761 | ||
Collateralized mortgage obligations [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized cost | 170,431 | [1] | 170,557 | [1] |
Gross unrealized gains | 2,128 | [1] | 3,140 | [1] |
Gross unrealized (losses) | -3,911 | [1] | -103 | [1] |
Available-for-sale securities, fair value | 168,648 | [1] | 173,594 | [1] |
Mortgage-backed securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized cost | 59,226 | [1] | 36,965 | [1] |
Gross unrealized gains | 607 | [1] | 1,459 | [1] |
Gross unrealized (losses) | -1,677 | [1] | 0 | [1] |
Available-for-sale securities, fair value | 58,156 | [1] | 38,424 | [1] |
Trust preferred securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized cost | 5,923 | 5,913 | ||
Gross unrealized gains | 0 | 0 | ||
Gross unrealized (losses) | -3,178 | -3,818 | ||
Available-for-sale securities, fair value | 2,745 | 2,095 | ||
Corporate notes and equity securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized cost | 15,332 | 8,341 | ||
Gross unrealized gains | 75 | 69 | ||
Gross unrealized (losses) | -399 | -4 | ||
Available-for-sale securities, fair value | $15,008 | $8,406 | ||
[1] | All collateralized mortgage obligations and mortgage-backed securities consist of residential mortgage pass-through securities guaranteed by GNMA or issued by FNMA and real estate mortgage investment conduits guaranteed by FHLMC or GNMA. |
Investment_Securities_Availabl1
Investment Securities Available-for-Sale by Contractual Maturity (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract] | ' | ' |
Due in one year or less, amortized cost | $360 | ' |
Due after one year through five years, amortized cost | 33,716 | ' |
Due after five years through ten years, amortized cost | 19,029 | ' |
Due after ten years, amortized cost | 70,092 | ' |
Subtotal before available-for-sale securities without single maturities, amortized cost | 123,197 | ' |
Collateralized mortgage obligations and mortgage-backed securities, amortized cost | 229,657 | ' |
Equity securities, amortized cost basis | 1,484 | ' |
Available-for-sale securities, amortized cost | 354,338 | 288,465 |
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract] | ' | ' |
Due in one year or less, fair value | 364 | ' |
Due after one year through five years, fair value | 34,311 | ' |
Due after five years through ten years, fair value | 19,091 | ' |
Due after ten years, fair value | 63,470 | ' |
Subtotal before securities without single maturities, fair value | 117,236 | ' |
Collateralized mortgage obligations and mortgage-backed securities, fair value | 226,804 | ' |
Equity securities, fair value | 1,176 | ' |
Available-for-sale securities, fair value | $345,216 | $292,314 |
Investment_Securities_Availabl2
Investment Securities Available-for-Sale Detail of Sale of Securities (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Available-for-sale Securities [Abstract] | ' | ' | ' |
Proceeds from sales | $0 | $16,121 | $0 |
Gross gains on sales | 0 | 288 | 0 |
Gross losses on sales | $0 | $42 | $0 |
Investment_Securities_Availabl3
Investment Securities Available-for-Sale Gross Unrealized Losses (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Continuous unrealized loss position, less than twelve months, fair value | $198,488 | $26,126 |
Continuous unrealized loss position, less than 12 months, gross unrealized losses | -10,320 | -169 |
Continuous unrealized loss position, 12 months or longer, fair value | 4,692 | 2,400 |
Continuous unrealized loss position, 12 months or longer, gross unrealized losses | -3,356 | -3,824 |
Total. continuous unrealized loss position, fair value | 203,180 | 28,526 |
Total. continuous unrealized loss position, gross unrealized losses | -13,676 | -3,993 |
State and political subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Continuous unrealized loss position, less than twelve months, fair value | 49,324 | 5,617 |
Continuous unrealized loss position, less than 12 months, gross unrealized losses | -4,342 | -62 |
Continuous unrealized loss position, 12 months or longer, fair value | 1,439 | 305 |
Continuous unrealized loss position, 12 months or longer, gross unrealized losses | -169 | -6 |
Total. continuous unrealized loss position, fair value | 50,763 | 5,922 |
Total. continuous unrealized loss position, gross unrealized losses | -4,511 | -68 |
Collateralized mortgage obligations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Continuous unrealized loss position, less than twelve months, fair value | 96,744 | 19,477 |
Continuous unrealized loss position, less than 12 months, gross unrealized losses | -3,911 | -103 |
Continuous unrealized loss position, 12 months or longer, fair value | 0 | 0 |
Continuous unrealized loss position, 12 months or longer, gross unrealized losses | 0 | 0 |
Total. continuous unrealized loss position, fair value | 96,744 | 19,477 |
Total. continuous unrealized loss position, gross unrealized losses | -3,911 | -103 |
Mortgage-backed securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Continuous unrealized loss position, less than twelve months, fair value | 44,224 | ' |
Continuous unrealized loss position, less than 12 months, gross unrealized losses | -1,677 | ' |
Continuous unrealized loss position, 12 months or longer, fair value | 0 | ' |
Continuous unrealized loss position, 12 months or longer, gross unrealized losses | 0 | ' |
Total. continuous unrealized loss position, fair value | 44,224 | ' |
Total. continuous unrealized loss position, gross unrealized losses | -1,677 | ' |
Trust preferred securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Continuous unrealized loss position, less than twelve months, fair value | 0 | 0 |
Continuous unrealized loss position, less than 12 months, gross unrealized losses | 0 | 0 |
Continuous unrealized loss position, 12 months or longer, fair value | 2,745 | 2,095 |
Continuous unrealized loss position, 12 months or longer, gross unrealized losses | -3,178 | -3,818 |
Total. continuous unrealized loss position, fair value | 2,745 | 2,095 |
Total. continuous unrealized loss position, gross unrealized losses | -3,178 | -3,818 |
Corporate notes and equity securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Continuous unrealized loss position, less than twelve months, fair value | 8,196 | 1,032 |
Continuous unrealized loss position, less than 12 months, gross unrealized losses | -390 | -4 |
Continuous unrealized loss position, 12 months or longer, fair value | 508 | 0 |
Continuous unrealized loss position, 12 months or longer, gross unrealized losses | -9 | 0 |
Total. continuous unrealized loss position, fair value | 8,704 | 1,032 |
Total. continuous unrealized loss position, gross unrealized losses | ($399) | ($4) |
Investment_securities_Rollforw
Investment securities Rollforward of Credit-Related Losses Recognized in Earnings (Details) (Trust preferred securities [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Trust preferred securities [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Credit losses recognized in earnings, beginning of period | $729 | $526 | $427 |
Current period credit loss recognized in earnings | 0 | 203 | 99 |
Reductions for securities sold during the period | 0 | 0 | 0 |
Reductions for securities where there is an intent to sell or requirement to sell | 0 | 0 | 0 |
Reductions for increases in cash flows expected to be collected | 0 | 0 | 0 |
Credit losses recognized in earnings, end of period | $729 | $729 | $526 |
Investment_securities_Alesco_T
Investment securities Alesco TPS Narratives (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Investment securities available for sale | $345,216 | $292,314 |
Available-for-sale securities, gross unrealized (losses) | -13,676 | -3,993 |
Deferred tax assets, net unrealized losses on available-for-sale securities, gross | 3,466 | 0 |
ALESCO Preferred Funding X, Ltd. [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Investment securities available for sale | 1,850 | ' |
Available-for-sale securities, gross unrealized (losses) | -2,321 | ' |
Deferred tax assets, net unrealized losses on available-for-sale securities, gross | $882 | ' |
Investment_securities_Other_Na
Investment securities Other Narratives (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
trust_preferred_securities | |||
securities | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Available-for-sale securities, gross unrealized (losses) | ($13,676) | ($3,993) | ' |
Available-for-sale securities, amortized cost | 354,338 | 288,465 | ' |
Heartland Financial, USA, Inc. Trust Preferred Security [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Available-for-sale securities, gross unrealized (losses) | -857 | ' | ' |
Number of trust preferred securities without OTTI | 1 | ' | ' |
ALESCO Preferred Funding X, Ltd. [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Available-for-sale securities, gross unrealized (losses) | -2,321 | ' | ' |
Trust preferred securities [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Number of securities, by type, unrealized loss position for more than one year | 2 | ' | ' |
Available-for-sale securities, gross unrealized (losses) | -3,178 | -3,818 | ' |
Available-for-sale securities, amortized cost | 5,923 | 5,913 | ' |
Other than temporary impairment, credit losses recognized in earnings | 0 | 203 | 99 |
Number of trust preferred securities with OTTI | 1 | ' | ' |
Corporate Debt Securities [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Number of securities, by type, unrealized loss position for more than one year | 1 | ' | ' |
State and political subdivisions [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Number of securities, by type, unrealized loss position for more than one year | 2 | ' | ' |
Securities purchased originating outside Iowa | 34,800 | ' | ' |
Available-for-sale securities, gross unrealized (losses) | -4,511 | -68 | ' |
Available-for-sale securities, amortized cost | 90,833 | 54,075 | ' |
Securities pledged as collateral [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Available-for-sale securities, amortized cost | $6,803 | $72,367 | ' |
Loans_and_Allowance_for_Loan_L2
Loans and Allowance for Loan Losses Schedule of Loans (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans, Gross | $992,333 | $927,807 |
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums | -613 | -406 |
Loans and Leases Receivable, Net of Deferred Income | 991,720 | 927,401 |
Loans with Fixed Rates of Interest | 657,667 | 625,201 |
Loans with Variable Rates of Interest | 334,666 | 302,606 |
Commercial Loan [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans, Gross | 258,010 | 282,124 |
Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans Pledged as Collateral | 480,000 | 397,000 |
Construction Land and Land Development [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans, Gross | 117,394 | 121,911 |
Residential Mortgage [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans, Gross | 50,349 | 49,280 |
Home equity line of credit [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans, Gross | 25,205 | 25,536 |
Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans, Gross | 532,139 | 441,857 |
Consumer and Other Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans, Gross | $9,236 | $7,099 |
Loans_and_Allowance_for_Loan_L3
Loans and Allowance for Loan Losses Schedule of Loan Transactions with Related Parties (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Loans and Leases Receivable, Related Parties [Roll Forward] | ' | ' |
Related Party Loans, Due from Related Party, Beginning of Year | $25,216 | $18,834 |
Related Party Loans, New Loans | 5,629 | 18,881 |
Repayment of Loans Receivable from Related Parties | -18,273 | -12,409 |
Related Party Loans, Increase (Decrease) Due to Change in Classification | 0 | -90 |
Related Party Loans, Due from Related Party, End of Year | $12,572 | $25,216 |
Loans_and_Allowance_for_Loan_L4
Loans and Allowance for Loan Losses Schedule of Nonperforming Loans (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | loans | loans | ||
Loans, Impaired [Line Items] | ' | ' | ||
Loans, Recorded Investment, Nonaccrual Status | $2,398 | $6,400 | ||
Loans, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 | ||
Loans, Recorded Investment, Troubled Debt Restructured | 517 | [1] | 856 | [1] |
Loans, Recorded Investment, Nonperforming Lns | 2,915 | 7,256 | ||
Number of Troubled Debt Restructured Loans Included in the Nonaccrual Category | 1 | 1 | ||
Troubled Debt Restructured Loans Included in the Nonaccrual Category | 670 | 810 | ||
Commercial Loan [Member] | ' | ' | ||
Loans, Impaired [Line Items] | ' | ' | ||
Loans, Recorded Investment, Nonaccrual Status | 882 | 655 | ||
Loans, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 | ||
Loans, Recorded Investment, Troubled Debt Restructured | 0 | [1] | 20 | [1] |
Construction Land and Land Development [Member] | ' | ' | ||
Loans, Impaired [Line Items] | ' | ' | ||
Loans, Recorded Investment, Nonaccrual Status | 0 | 3,356 | ||
Loans, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 | ||
Loans, Recorded Investment, Troubled Debt Restructured | 424 | [1] | 470 | [1] |
Residential Mortgage [Member] | ' | ' | ||
Loans, Impaired [Line Items] | ' | ' | ||
Loans, Recorded Investment, Nonaccrual Status | 846 | 406 | ||
Loans, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 | ||
Loans, Recorded Investment, Troubled Debt Restructured | 0 | [1] | 273 | [1] |
Home equity line of credit [Member] | ' | ' | ||
Loans, Impaired [Line Items] | ' | ' | ||
Loans, Recorded Investment, Nonaccrual Status | 0 | 0 | ||
Loans, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 | ||
Loans, Recorded Investment, Troubled Debt Restructured | 0 | [1] | 0 | [1] |
Commercial Real Estate [Member] | ' | ' | ||
Loans, Impaired [Line Items] | ' | ' | ||
Loans, Recorded Investment, Nonaccrual Status | 670 | 1,983 | ||
Loans, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 | ||
Loans, Recorded Investment, Troubled Debt Restructured | 93 | [1] | 93 | [1] |
Consumer and Other Loans [Member] | ' | ' | ||
Loans, Impaired [Line Items] | ' | ' | ||
Loans, Recorded Investment, Nonaccrual Status | 0 | 0 | ||
Loans, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 | ||
Loans, Recorded Investment, Troubled Debt Restructured | $0 | [1] | $0 | [1] |
[1] | While TDR loans are commonly reported by the industry as nonperforming, those not classified in the nonaccrual category are accruing interest due to payment performance. TDR loans on nonaccrual status, if any, are included in the nonaccrual category. As of DecemberB 31, 2013 and 2012, there was one TDR loan with a balance of $670 and $810, respectively, that was included in the nonaccrual category. |
Loans_and_Allowance_for_Loan_L5
Loans and Allowance for Loan Losses Schedule of Troubled Debt Restructurings by Type of Modification (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Loans and Allowance for Loan Losses [Abstract] | ' | ' | ' |
Loans, Modifications, Pre-Modification Recorded Investment | $31 | $302 | $1,310 |
Loans, Modifications, Post-Modification Recorded Investment | $31 | $302 | $1,310 |
Loans_and_Allowance_for_Loan_L6
Loans and Allowance for Loan Losses Schedule of Troubled Debt Restructured Loans that Subsequently Defaulted (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Loans and Allowance for Loan Losses [Abstract] | ' | ' | ' |
Loans, Modifications, Subsequent Default, Recorded Investment | $31 | $894 | $291 |
Loans_and_Allowance_for_Loan_L7
Loans and Allowance for Loan Losses Schedule of Impaired Loans With and Without and Allowance (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Loans, Impaired [Line Items] | ' | ' | ' |
Impaired loans, with no related allowance, recorded investment | $1,913 | $6,863 | ' |
Impaired loans, with no related allowance, unpaid principal balance | 2,669 | 9,309 | ' |
Impaired loans, with related allowance, recorded investment | 3,163 | 10,088 | ' |
Impaired loans, with related allowance, unpaid principal balance | 3,163 | 10,088 | ' |
Impaired loans, with related allowance- related allowance | 1,893 | 4,906 | ' |
Impaired loans, recorded investment | 5,076 | 16,951 | ' |
Impaired loans, unpaid principal balance | 5,832 | 19,397 | ' |
Impaired loans, related allowance | 1,893 | 4,906 | ' |
Impaired loans, with no related allowance, average recorded investment | 4,021 | 7,596 | 7,092 |
Impaired loans, with no related allowance, interest income, accrual method | 34 | 149 | 77 |
Impaired loans, with related allowance, average recorded investment | 7,987 | 15,369 | 19,330 |
Impaired loans, with related allowance, interest income, accrual method | 313 | 740 | 969 |
Impaired loans, average recorded investment | 12,008 | 22,965 | 26,422 |
Impaired loans, interest income, accrual method | 347 | 889 | 1,046 |
Impaired loans, interest lost on nonaccrual loans | 333 | 513 | 450 |
Commercial Loan [Member] | ' | ' | ' |
Loans, Impaired [Line Items] | ' | ' | ' |
Impaired loans, with no related allowance, recorded investment | 200 | 282 | ' |
Impaired loans, with no related allowance, unpaid principal balance | 345 | 292 | ' |
Impaired loans, with related allowance, recorded investment | 807 | 3,615 | ' |
Impaired loans, with related allowance, unpaid principal balance | 807 | 3,615 | ' |
Impaired loans, with related allowance- related allowance | 560 | 1,297 | ' |
Impaired loans, recorded investment | 1,007 | 3,897 | ' |
Impaired loans, unpaid principal balance | 1,152 | 3,907 | ' |
Impaired loans, related allowance | 560 | 1,297 | ' |
Impaired loans, with no related allowance, average recorded investment | 206 | 463 | 1,752 |
Impaired loans, with no related allowance, interest income, accrual method | 9 | 80 | 0 |
Impaired loans, with related allowance, average recorded investment | 3,468 | 1,075 | 5,419 |
Impaired loans, with related allowance, interest income, accrual method | 85 | 38 | 264 |
Impaired loans, average recorded investment | 3,674 | 1,538 | 7,171 |
Impaired loans, interest income, accrual method | 94 | 118 | 264 |
Construction Land and Land Development [Member] | ' | ' | ' |
Loans, Impaired [Line Items] | ' | ' | ' |
Impaired loans, with no related allowance, recorded investment | 423 | 3,825 | ' |
Impaired loans, with no related allowance, unpaid principal balance | 1,025 | 5,292 | ' |
Impaired loans, with related allowance, recorded investment | 2,037 | 4,441 | ' |
Impaired loans, with related allowance, unpaid principal balance | 2,037 | 4,441 | ' |
Impaired loans, with related allowance- related allowance | 1,300 | 3,000 | ' |
Impaired loans, recorded investment | 2,460 | 8,266 | ' |
Impaired loans, unpaid principal balance | 3,062 | 9,733 | ' |
Impaired loans, related allowance | 1,300 | 3,000 | ' |
Impaired loans, with no related allowance, average recorded investment | 1,475 | 2,712 | 126 |
Impaired loans, with no related allowance, interest income, accrual method | 17 | 9 | 6 |
Impaired loans, with related allowance, average recorded investment | 3,299 | 12,440 | 13,568 |
Impaired loans, with related allowance, interest income, accrual method | 165 | 583 | 671 |
Impaired loans, average recorded investment | 4,774 | 15,152 | 13,694 |
Impaired loans, interest income, accrual method | 182 | 592 | 677 |
Residential Mortgage [Member] | ' | ' | ' |
Loans, Impaired [Line Items] | ' | ' | ' |
Impaired loans, with no related allowance, recorded investment | 527 | 679 | ' |
Impaired loans, with no related allowance, unpaid principal balance | 536 | 679 | ' |
Impaired loans, with related allowance, recorded investment | 319 | 0 | ' |
Impaired loans, with related allowance, unpaid principal balance | 319 | 0 | ' |
Impaired loans, with related allowance- related allowance | 33 | 0 | ' |
Impaired loans, recorded investment | 846 | 679 | ' |
Impaired loans, unpaid principal balance | 855 | 679 | ' |
Impaired loans, related allowance | 33 | 0 | ' |
Impaired loans, with no related allowance, average recorded investment | 574 | 1,024 | 1,021 |
Impaired loans, with no related allowance, interest income, accrual method | 1 | 5 | 2 |
Impaired loans, with related allowance, average recorded investment | 183 | 314 | 190 |
Impaired loans, with related allowance, interest income, accrual method | 8 | 15 | 21 |
Impaired loans, average recorded investment | 757 | 1,338 | 1,211 |
Impaired loans, interest income, accrual method | 9 | 20 | 23 |
Home equity line of credit [Member] | ' | ' | ' |
Loans, Impaired [Line Items] | ' | ' | ' |
Impaired loans, with no related allowance, recorded investment | 0 | 0 | ' |
Impaired loans, with no related allowance, unpaid principal balance | 0 | 0 | ' |
Impaired loans, with related allowance, recorded investment | 0 | 458 | ' |
Impaired loans, with related allowance, unpaid principal balance | 0 | 458 | ' |
Impaired loans, with related allowance- related allowance | 0 | 86 | ' |
Impaired loans, recorded investment | 0 | 458 | ' |
Impaired loans, unpaid principal balance | 0 | 458 | ' |
Impaired loans, related allowance | 0 | 86 | ' |
Impaired loans, with no related allowance, average recorded investment | 2 | 24 | 62 |
Impaired loans, with no related allowance, interest income, accrual method | 0 | 0 | 3 |
Impaired loans, with related allowance, average recorded investment | 239 | 239 | 12 |
Impaired loans, with related allowance, interest income, accrual method | 11 | 15 | 2 |
Impaired loans, average recorded investment | 241 | 263 | 74 |
Impaired loans, interest income, accrual method | 11 | 15 | 5 |
Commercial Real Estate [Member] | ' | ' | ' |
Loans, Impaired [Line Items] | ' | ' | ' |
Impaired loans, with no related allowance, recorded investment | 763 | 2,077 | ' |
Impaired loans, with no related allowance, unpaid principal balance | 763 | 3,046 | ' |
Impaired loans, with related allowance, recorded investment | 0 | 1,574 | ' |
Impaired loans, with related allowance, unpaid principal balance | 0 | 1,574 | ' |
Impaired loans, with related allowance- related allowance | 0 | 523 | ' |
Impaired loans, recorded investment | 763 | 3,651 | ' |
Impaired loans, unpaid principal balance | 763 | 4,620 | ' |
Impaired loans, related allowance | 0 | 523 | ' |
Impaired loans, with no related allowance, average recorded investment | 1,759 | 3,373 | 4,120 |
Impaired loans, with no related allowance, interest income, accrual method | 7 | 55 | 65 |
Impaired loans, with related allowance, average recorded investment | 798 | 1,290 | 98 |
Impaired loans, with related allowance, interest income, accrual method | 44 | 88 | 8 |
Impaired loans, average recorded investment | 2,557 | 4,663 | 4,218 |
Impaired loans, interest income, accrual method | 51 | 143 | 73 |
Consumer and Other Loans [Member] | ' | ' | ' |
Loans, Impaired [Line Items] | ' | ' | ' |
Impaired loans, with no related allowance, recorded investment | 0 | 0 | ' |
Impaired loans, with no related allowance, unpaid principal balance | 0 | 0 | ' |
Impaired loans, with related allowance, recorded investment | 0 | 0 | ' |
Impaired loans, with related allowance, unpaid principal balance | 0 | 0 | ' |
Impaired loans, with related allowance- related allowance | 0 | 0 | ' |
Impaired loans, recorded investment | 0 | 0 | ' |
Impaired loans, unpaid principal balance | 0 | 0 | ' |
Impaired loans, related allowance | 0 | 0 | ' |
Impaired loans, with no related allowance, average recorded investment | 5 | 0 | 11 |
Impaired loans, with no related allowance, interest income, accrual method | 0 | 0 | 1 |
Impaired loans, with related allowance, average recorded investment | 0 | 11 | 43 |
Impaired loans, with related allowance, interest income, accrual method | 0 | 1 | 3 |
Impaired loans, average recorded investment | 5 | 11 | 54 |
Impaired loans, interest income, accrual method | $0 | $1 | $4 |
Loans_and_Allowance_for_Loan_L8
Loans and Allowance for Loan Losses Reconciliation of Nonaccrual Loans with Impaired Loans (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
Borrowers | Borrowers | |||
Loans and Allowance for Loan Losses [Abstract] | ' | ' | ||
Loans, Recorded Investment, Nonaccrual Status | $2,398,000 | $6,400,000 | ||
Loans, Recorded Investment, Troubled Debt Restructured | 517,000 | [1] | 856,000 | [1] |
Other Impaired Loans Still Accruing Interest | 2,161,000 | 9,695,000 | ||
Impaired loans, recorded investment | 5,076,000 | 16,951,000 | ||
Number of Borrowers, Impaired Loans | 17 | 22 | ||
Impaired Loans, Number of Borrowers, End of Prior Year | 9 | ' | ||
Impaired Loans, Recorded Investment, End of Prior Year | 3,843,000 | ' | ||
Impaired Loans, Commitment to Lend | $0 | ' | ||
[1] | While TDR loans are commonly reported by the industry as nonperforming, those not classified in the nonaccrual category are accruing interest due to payment performance. TDR loans on nonaccrual status, if any, are included in the nonaccrual category. As of DecemberB 31, 2013 and 2012, there was one TDR loan with a balance of $670 and $810, respectively, that was included in the nonaccrual category. |
Loans_and_Allowance_for_Loan_L9
Loans and Allowance for Loan Losses Schedule of Past Due Loans (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, Recorded Investment, 30 to 59 Days Past Due | $620 | $747 |
Loans, Recorded Investment, 60 to 89 Days Past Due | 508 | 406 |
Loans, Recorded Investment, Equal to Greater than 90 Days Past Due | 739 | 5,583 |
Loans, Recorded Investment, Past Due | 1,867 | 6,736 |
Loans, Recorded Investment, Current | 990,466 | 921,071 |
Loans, Gross | 992,333 | 927,807 |
Loans, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Loans, Recorded Investment, Nonaccrual Status | 2,398 | 6,400 |
Nonaccrual Loans, 30-59 Days Past Due [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, Recorded Investment, Nonaccrual Status | 407 | 74 |
Nonaccrual Loans, 60-89 Days Past Due [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, Recorded Investment, Nonaccrual Status | 240 | 236 |
Nonaccrual Loans, Greater Than 90 Days Past Due [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, Recorded Investment, Nonaccrual Status | 739 | 5,583 |
Nonaccrual Loans, Total Past Due [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, Recorded Investment, Nonaccrual Status | 1,386 | 5,893 |
Nonaccrual Loans, Recorded Investment, Current [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, Recorded Investment, Nonaccrual Status | 1,012 | 507 |
Commercial Loan [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, Recorded Investment, 30 to 59 Days Past Due | 407 | 146 |
Loans, Recorded Investment, 60 to 89 Days Past Due | 0 | 0 |
Loans, Recorded Investment, Equal to Greater than 90 Days Past Due | 200 | 331 |
Loans, Recorded Investment, Past Due | 607 | 477 |
Loans, Recorded Investment, Current | 257,403 | 281,647 |
Loans, Gross | 258,010 | 282,124 |
Loans, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Loans, Recorded Investment, Nonaccrual Status | 882 | 655 |
Construction Land and Land Development [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, Recorded Investment, 30 to 59 Days Past Due | 0 | 0 |
Loans, Recorded Investment, 60 to 89 Days Past Due | 0 | 0 |
Loans, Recorded Investment, Equal to Greater than 90 Days Past Due | 0 | 3,356 |
Loans, Recorded Investment, Past Due | 0 | 3,356 |
Loans, Recorded Investment, Current | 117,394 | 118,555 |
Loans, Gross | 117,394 | 121,911 |
Loans, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Loans, Recorded Investment, Nonaccrual Status | 0 | 3,356 |
Residential Mortgage [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, Recorded Investment, 30 to 59 Days Past Due | 103 | 89 |
Loans, Recorded Investment, 60 to 89 Days Past Due | 240 | 143 |
Loans, Recorded Investment, Equal to Greater than 90 Days Past Due | 539 | 152 |
Loans, Recorded Investment, Past Due | 882 | 384 |
Loans, Recorded Investment, Current | 49,467 | 48,896 |
Loans, Gross | 50,349 | 49,280 |
Loans, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Loans, Recorded Investment, Nonaccrual Status | 846 | 406 |
Home equity line of credit [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, Recorded Investment, 30 to 59 Days Past Due | 0 | 279 |
Loans, Recorded Investment, 60 to 89 Days Past Due | 0 | 27 |
Loans, Recorded Investment, Equal to Greater than 90 Days Past Due | 0 | 0 |
Loans, Recorded Investment, Past Due | 0 | 306 |
Loans, Recorded Investment, Current | 25,205 | 25,230 |
Loans, Gross | 25,205 | 25,536 |
Loans, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Loans, Recorded Investment, Nonaccrual Status | 0 | 0 |
Commercial Real Estate [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, Recorded Investment, 30 to 59 Days Past Due | 110 | 38 |
Loans, Recorded Investment, 60 to 89 Days Past Due | 268 | 236 |
Loans, Recorded Investment, Equal to Greater than 90 Days Past Due | 0 | 1,744 |
Loans, Recorded Investment, Past Due | 378 | 2,018 |
Loans, Recorded Investment, Current | 531,761 | 439,839 |
Loans, Gross | 532,139 | 441,857 |
Loans, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Loans, Recorded Investment, Nonaccrual Status | 670 | 1,983 |
Consumer and Other Loans [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, Recorded Investment, 30 to 59 Days Past Due | 0 | 195 |
Loans, Recorded Investment, 60 to 89 Days Past Due | 0 | 0 |
Loans, Recorded Investment, Equal to Greater than 90 Days Past Due | 0 | 0 |
Loans, Recorded Investment, Past Due | 0 | 195 |
Loans, Recorded Investment, Current | 9,236 | 6,904 |
Loans, Gross | 9,236 | 7,099 |
Loans, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Loans, Recorded Investment, Nonaccrual Status | $0 | $0 |
Recovered_Sheet1
Loans and Allowance for Loan Losses Schedule of Loans by Credit Quality Indicator (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | $992,333 | $927,807 |
Commercial Loan [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 258,010 | 282,124 |
Construction Land and Land Development [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 117,394 | 121,911 |
Residential Mortgage [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 50,349 | 49,280 |
Home Equity Loan [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 25,205 | 25,536 |
Commercial Real Estate [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 532,139 | 441,857 |
Consumer and Other Loans [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 9,236 | 7,099 |
Pass [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 944,047 | 853,534 |
Pass [Member] | Commercial Loan [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 244,766 | 258,677 |
Pass [Member] | Construction Land and Land Development [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 100,236 | 94,855 |
Pass [Member] | Residential Mortgage [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 48,766 | 47,392 |
Pass [Member] | Home Equity Loan [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 23,608 | 24,659 |
Pass [Member] | Commercial Real Estate [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 517,441 | 420,888 |
Pass [Member] | Consumer and Other Loans [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 9,230 | 7,063 |
Watch [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 32,812 | 41,367 |
Watch [Member] | Commercial Loan [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 10,933 | 17,234 |
Watch [Member] | Construction Land and Land Development [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 12,661 | 15,030 |
Watch [Member] | Residential Mortgage [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 408 | 861 |
Watch [Member] | Home Equity Loan [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 1,495 | 105 |
Watch [Member] | Commercial Real Estate [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 7,309 | 8,101 |
Watch [Member] | Consumer and Other Loans [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 6 | 36 |
Substandard [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 15,474 | 32,906 |
Substandard [Member] | Commercial Loan [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 2,311 | 6,213 |
Substandard [Member] | Construction Land and Land Development [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 4,497 | 12,026 |
Substandard [Member] | Residential Mortgage [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 1,175 | 1,027 |
Substandard [Member] | Home Equity Loan [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 102 | 772 |
Substandard [Member] | Commercial Real Estate [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 7,389 | 12,868 |
Substandard [Member] | Consumer and Other Loans [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 0 | 0 |
Doubtful [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 0 | 0 |
Doubtful [Member] | Commercial Loan [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 0 | 0 |
Doubtful [Member] | Construction Land and Land Development [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 0 | 0 |
Doubtful [Member] | Residential Mortgage [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 0 | 0 |
Doubtful [Member] | Home Equity Loan [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 0 | 0 |
Doubtful [Member] | Commercial Real Estate [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | 0 | 0 |
Doubtful [Member] | Consumer and Other Loans [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans, Gross | $0 | $0 |
Recovered_Sheet2
Loans and Allowance for Loan Losses Schedule of Allowance for Loan Loss Activity (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Allowance for Loan Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Loans and Leases Receivable, Allowance | ' | ' | ' | $15,529 | ' | ' | ' | $16,778 | $15,529 | $16,778 | $19,087 | |||
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -1,634 | -2,584 | -4,764 | |||
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 746 | 710 | 1,905 | |||
Provision for loan losses | 0 | -1,000 | 0 | 150 | 325 | 300 | 0 | 0 | -850 | [1] | 625 | [1] | 550 | [1] |
Loans and Leases Receivable, Allowance | 13,791 | ' | ' | ' | 15,529 | ' | ' | ' | 13,791 | 15,529 | 16,778 | |||
Commercial Loan [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Allowance for Loan Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Loans and Leases Receivable, Allowance | ' | ' | ' | 4,116 | ' | ' | ' | 4,409 | 4,116 | 4,409 | 7,940 | |||
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -742 | -402 | -2,976 | |||
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 292 | 354 | 1,809 | |||
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 533 | [1] | -245 | [1] | -2,364 | [1] |
Loans and Leases Receivable, Allowance | 4,199 | ' | ' | ' | 4,116 | ' | ' | ' | 4,199 | 4,116 | 4,409 | |||
Construction Land and Land Development [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Allowance for Loan Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Loans and Leases Receivable, Allowance | ' | ' | ' | 4,616 | ' | ' | ' | 3,572 | 4,616 | 3,572 | 3,787 | |||
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -1,508 | -2 | |||
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 42 | 0 | 2 | |||
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | -1,626 | [1] | 2,552 | [1] | -215 | [1] |
Loans and Leases Receivable, Allowance | 3,032 | ' | ' | ' | 4,616 | ' | ' | ' | 3,032 | 4,616 | 3,572 | |||
Residential Mortgage [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Allowance for Loan Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Loans and Leases Receivable, Allowance | ' | ' | ' | 637 | ' | ' | ' | 1,215 | 637 | 1,215 | 647 | |||
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -116 | -301 | -946 | |||
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 150 | 98 | 42 | |||
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | -58 | [1] | -375 | [1] | 1,472 | [1] |
Loans and Leases Receivable, Allowance | 613 | ' | ' | ' | 637 | ' | ' | ' | 613 | 637 | 1,215 | |||
Home equity line of credit [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Allowance for Loan Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Loans and Leases Receivable, Allowance | ' | ' | ' | 568 | ' | ' | ' | 832 | 568 | 832 | 658 | |||
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -119 | -343 | -97 | |||
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 236 | 22 | 29 | |||
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | -282 | [1] | 57 | [1] | 242 | [1] |
Loans and Leases Receivable, Allowance | 403 | ' | ' | ' | 568 | ' | ' | ' | 403 | 568 | 832 | |||
Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Allowance for Loan Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Loans and Leases Receivable, Allowance | ' | ' | ' | 5,564 | ' | ' | ' | 6,667 | 5,564 | 6,667 | 5,823 | |||
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -624 | -5 | -722 | |||
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 206 | 1 | |||
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 543 | [1] | -1,304 | [1] | 1,565 | [1] |
Loans and Leases Receivable, Allowance | 5,485 | ' | ' | ' | 5,564 | ' | ' | ' | 5,485 | 5,564 | 6,667 | |||
Consumer and Other Loans [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Allowance for Loan Losses [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Loans and Leases Receivable, Allowance | ' | ' | ' | 28 | ' | ' | ' | 83 | 28 | 83 | 232 | |||
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -33 | -25 | -21 | |||
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 24 | 30 | 22 | |||
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 40 | [1] | -60 | [1] | -150 | [1] |
Loans and Leases Receivable, Allowance | $59 | ' | ' | ' | $28 | ' | ' | ' | $59 | $28 | $83 | |||
[1] | The negative provisions for the various segments are either related to the decline in each of those portfolio segments during the time periods disclosed and/or improvement in the credit quality factors related to those portfolio segments. |
Recovered_Sheet3
Loans and Allowance for Loan Losses Schedule of Allowance for Loan Losses Based on Impairment Method (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Loans, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Loans, Allowance for Credit Losses, Individually Evaluated for Impairment | $1,893 | $4,906 | ' | ' |
Loans, Allowance for Credit Losses, Collectively Evaluated for Impairment | 11,898 | 10,623 | ' | ' |
Loans and Leases Receivable, Allowance | 13,791 | 15,529 | 16,778 | 19,087 |
Commercial Loan [Member] | ' | ' | ' | ' |
Loans, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Loans, Allowance for Credit Losses, Individually Evaluated for Impairment | 560 | 1,297 | ' | ' |
Loans, Allowance for Credit Losses, Collectively Evaluated for Impairment | 3,639 | 2,819 | ' | ' |
Loans and Leases Receivable, Allowance | 4,199 | 4,116 | 4,409 | 7,940 |
Construction Land and Land Development [Member] | ' | ' | ' | ' |
Loans, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Loans, Allowance for Credit Losses, Individually Evaluated for Impairment | 1,300 | 3,000 | ' | ' |
Loans, Allowance for Credit Losses, Collectively Evaluated for Impairment | 1,732 | 1,616 | ' | ' |
Loans and Leases Receivable, Allowance | 3,032 | 4,616 | 3,572 | 3,787 |
Residential Mortgage [Member] | ' | ' | ' | ' |
Loans, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Loans, Allowance for Credit Losses, Individually Evaluated for Impairment | 33 | 0 | ' | ' |
Loans, Allowance for Credit Losses, Collectively Evaluated for Impairment | 580 | 637 | ' | ' |
Loans and Leases Receivable, Allowance | 613 | 637 | 1,215 | 647 |
Home equity line of credit [Member] | ' | ' | ' | ' |
Loans, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Loans, Allowance for Credit Losses, Individually Evaluated for Impairment | 0 | 86 | ' | ' |
Loans, Allowance for Credit Losses, Collectively Evaluated for Impairment | 403 | 482 | ' | ' |
Loans and Leases Receivable, Allowance | 403 | 568 | 832 | 658 |
Commercial Real Estate [Member] | ' | ' | ' | ' |
Loans, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Loans, Allowance for Credit Losses, Individually Evaluated for Impairment | 0 | 523 | ' | ' |
Loans, Allowance for Credit Losses, Collectively Evaluated for Impairment | 5,485 | 5,041 | ' | ' |
Loans and Leases Receivable, Allowance | 5,485 | 5,564 | 6,667 | 5,823 |
Consumer and Other Loans [Member] | ' | ' | ' | ' |
Loans, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Loans, Allowance for Credit Losses, Individually Evaluated for Impairment | 0 | 0 | ' | ' |
Loans, Allowance for Credit Losses, Collectively Evaluated for Impairment | 59 | 28 | ' | ' |
Loans and Leases Receivable, Allowance | $59 | $28 | $83 | $232 |
Recovered_Sheet4
Loans and Allowance for Loan Losses Schedule of Loans by Impairment Method (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Loans, Allowance for Credit Losses [Line Items] | ' | ' |
Loans, Individually Evaluated for Impairment | $5,076 | $16,951 |
Loans, Collectively Evaluated for Impairment | 987,257 | 910,856 |
Loans, Gross | 992,333 | 927,807 |
Commercial Loan [Member] | ' | ' |
Loans, Allowance for Credit Losses [Line Items] | ' | ' |
Loans, Individually Evaluated for Impairment | 1,007 | 3,897 |
Loans, Collectively Evaluated for Impairment | 257,003 | 278,227 |
Loans, Gross | 258,010 | 282,124 |
Construction Land and Land Development [Member] | ' | ' |
Loans, Allowance for Credit Losses [Line Items] | ' | ' |
Loans, Individually Evaluated for Impairment | 2,460 | 8,266 |
Loans, Collectively Evaluated for Impairment | 114,934 | 113,645 |
Loans, Gross | 117,394 | 121,911 |
Residential Mortgage [Member] | ' | ' |
Loans, Allowance for Credit Losses [Line Items] | ' | ' |
Loans, Individually Evaluated for Impairment | 846 | 679 |
Loans, Collectively Evaluated for Impairment | 49,503 | 48,601 |
Loans, Gross | 50,349 | 49,280 |
Home equity line of credit [Member] | ' | ' |
Loans, Allowance for Credit Losses [Line Items] | ' | ' |
Loans, Individually Evaluated for Impairment | 0 | 458 |
Loans, Collectively Evaluated for Impairment | 25,205 | 25,078 |
Loans, Gross | 25,205 | 25,536 |
Commercial Real Estate [Member] | ' | ' |
Loans, Allowance for Credit Losses [Line Items] | ' | ' |
Loans, Individually Evaluated for Impairment | 763 | 3,651 |
Loans, Collectively Evaluated for Impairment | 531,376 | 438,206 |
Loans, Gross | 532,139 | 441,857 |
Consumer and Other Loans [Member] | ' | ' |
Loans, Allowance for Credit Losses [Line Items] | ' | ' |
Loans, Individually Evaluated for Impairment | 0 | 0 |
Loans, Collectively Evaluated for Impairment | 9,236 | 7,099 |
Loans, Gross | $9,236 | $7,099 |
Premises_and_Equipment_Net_Det
Premises and Equipment, Net (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Premises and equipment [Line Items] | ' | ' |
Premises and equipment, gross | $12,889 | $10,514 |
Accumulated depreciation | 5,402 | 4,905 |
Premises and equipment, net | 7,487 | 5,609 |
Land [Member] | ' | ' |
Premises and equipment [Line Items] | ' | ' |
Premises and equipment, gross | 2,704 | 1,244 |
Buildings [Member] | ' | ' |
Premises and equipment [Line Items] | ' | ' |
Premises and equipment, gross | 1,570 | 1,391 |
Leasehold improvements [Member] | ' | ' |
Premises and equipment [Line Items] | ' | ' |
Premises and equipment, gross | 3,004 | 2,971 |
Furniture and equipment [Member] | ' | ' |
Premises and equipment [Line Items] | ' | ' |
Premises and equipment, gross | $5,611 | $4,908 |
Deposits_Deposits_Details
Deposits Deposits (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deposits [Abstract] | ' | ' |
Time deposit maturities, 2013 | $87,834 | ' |
Time deposit maturities, 2014 | 29,508 | ' |
Time deposit maturities, 2015 | 15,608 | ' |
Time deposit maturities, 2016 | 5,600 | ' |
Time deposit maturities, 2017 | 7,594 | ' |
Time deposits, total | 146,144 | ' |
CDARS deposits | 37,669 | 47,824 |
ICS Checking Deposits | 64,009 | 25 |
ICS Money Market Deposits | $100,651 | $61,016 |
Subordinated_Notes_Details
Subordinated Notes (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | Subordinated debt [Member] | Three-month LIBOR [Member] | ||
Subordinated debt [Member] | ||||
Debt Instrument [Line Items] | ' | ' | ' | ' |
Subordinated notes | $20,619 | $20,619 | $20,619 | ' |
Deferral period option, junior subordinated debentures | ' | ' | '5 years | ' |
Dividends allowed, deferral of subordinated debt | ' | ' | $0 | ' |
Term of security maturity | ' | ' | '30 years | ' |
Debt instrument, description of variable rate basis | ' | ' | ' | 'three-month LIBOR |
Debt instrument, basis spread on variable rate | ' | ' | ' | 3.05% |
Debt instrument, interest rate at period end | ' | ' | 3.30% | ' |
Debt instrument, frequency of periodic payment | ' | ' | 'quarterly | ' |
Debt instrument, interest rate, effective percentage | ' | ' | 3.41% | ' |
Federal_Home_Loan_Bank_Advance2
Federal Home Loan Bank Advances, Maturities Summary (Details) (USD $) | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 21, 2012 | ||
Federal Home Loan Bank Advances Maturities Summary [Line Items] | ' | ' | ' | ||
Unamortized discount of debt instrument, gross | ' | ' | $11,152 | ||
Amortization of debt discount | 1,502 | 42 | ' | ||
Federal Home Loan Bank advances, gross | 105,000 | 105,000 | ' | ||
Unamortized discount on debt instrument | -9,608 | -11,110 | ' | ||
Federal Home Loan Bank advances, net of discount | 95,392 | 93,890 | ' | ||
Federal Home Loan Bank advances, amount modified | ' | ' | 80,000 | ||
Maturity date January 29, 2018 [Member] | ' | ' | ' | ||
Federal Home Loan Bank Advances Maturities Summary [Line Items] | ' | ' | ' | ||
Federal Home Loan Bank advances, gross | 25,000 | 25,000 | ' | ||
Debt instrument, interest rate at period end | 2.70% | 2.70% | ' | ||
Debt instrument, interest rate, effective percentage | 2.70% | [1],[2] | 2.70% | [1],[2] | ' |
Maturity date December 23, 2019 [Member] | ' | ' | ' | ||
Federal Home Loan Bank Advances Maturities Summary [Line Items] | ' | ' | ' | ||
Federal Home Loan Bank advances, gross | 25,000 | 25,000 | ' | ||
Debt instrument, interest rate at period end | 0.54% | 0.60% | ' | ||
Debt instrument, interest rate, effective percentage | 2.38% | [1] | 2.44% | [1] | ' |
Federal Home Loan Bank advances, amount modified | ' | ' | 25,000 | ||
Maturity date June 22, 2020 [Member] | ' | ' | ' | ||
Federal Home Loan Bank Advances Maturities Summary [Line Items] | ' | ' | ' | ||
Federal Home Loan Bank advances, gross | 25,000 | 25,000 | ' | ||
Debt instrument, interest rate at period end | 0.56% | 0.62% | ' | ||
Debt instrument, interest rate, effective percentage | 2.40% | [1] | 2.46% | [1] | ' |
Federal Home Loan Bank advances, amount modified | ' | ' | 25,000 | ||
Maturity date September 21, 2020 [Member] | ' | ' | ' | ||
Federal Home Loan Bank Advances Maturities Summary [Line Items] | ' | ' | ' | ||
Federal Home Loan Bank advances, gross | 30,000 | 30,000 | ' | ||
Debt instrument, interest rate at period end | 0.56% | 0.62% | ' | ||
Debt instrument, interest rate, effective percentage | 2.48% | [1] | 2.54% | [1] | ' |
Federal Home Loan Bank advances, amount modified | ' | ' | $30,000 | ||
[1] | The effective interest rate for the variable rate advances includes the effects of the discount fee amortization. | ||||
[2] | Callable quarterly. |
Federal_Home_Loan_Bank_Advance3
Federal Home Loan Bank Advances (Other Narratives) (Details) (USD $) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 21, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 21, 2012 | Dec. 31, 2011 | Dec. 21, 2012 | Dec. 31, 2011 | Dec. 21, 2012 | Dec. 31, 2011 | |
Federal funds lines of credit at correspondent banks [Member] | Federal funds lines of credit at correspondent banks [Member] | Maturity date December 23, 2019 [Member] | Maturity date December 23, 2019 [Member] | Maturity date June 22, 2020 [Member] | Maturity date June 22, 2020 [Member] | Maturity date September 21, 2020 [Member] | Maturity date September 21, 2020 [Member] | ||||
Unsecured debt [Member] | |||||||||||
Line of Credit Facility [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of debt discount | $1,502,000 | $42,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional borrowing capacity, Federal Home Loan Bank advances | 121,098,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Federal Home Loan Bank advances, amount modified | ' | ' | 80,000,000 | ' | ' | 25,000,000 | ' | 25,000,000 | ' | 30,000,000 | ' |
Maximum borrowing capacity, line of credit | ' | ' | ' | ' | 67,000,000 | ' | ' | ' | ' | ' | ' |
Amount standing, line of credit | ' | ' | ' | $7,000,000 | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage Prior to Modification | ' | ' | ' | ' | ' | ' | 4.01% | ' | 4.23% | ' | 4.32% |
Longterm_debt_Details
Long-term debt (Details) (USD $) | Jun. 27, 2013 | Jun. 27, 2013 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 27, 2013 |
Secured debt [Member] | Secured debt [Member] | Secured debt [Member] | Contract Payable [Member] | Domestic Line of Credit [Member] | Domestic Line of Credit [Member] | |
London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | Secured debt [Member] | ||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Amount standing, line of credit | ' | ' | ' | ' | $0 | ' |
Debt Instrument, Increase to Stated Interest Rate, Default | ' | 5.00% | ' | ' | ' | ' |
Maximum borrowing capacity, line of credit | ' | ' | ' | ' | ' | 5,000,000 |
Debt Instrument, Face Amount | $16,000,000 | ' | ' | $765,000 | ' | ' |
Debt instrument, basis spread on variable rate | ' | 1.95% | ' | ' | ' | ' |
Debt instrument, description of variable rate basis | ' | '30-day LIBOR | ' | ' | ' | ' |
Debt instrument, interest rate, stated percentage | ' | ' | ' | 1.25% | ' | ' |
Debt instrument, interest rate at period end | ' | ' | 2.12% | ' | ' | ' |
Longterm_debt_Maturities_of_lo
Long-term debt Maturities of long-term debt (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Long-term Debt, Unclassified [Abstract] | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months | $3,260 | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Two | 3,260 | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Three | 3,286 | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Four | 3,312 | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Five | 2,513 | ' |
Long-term Debt, Maturities, Repayments of Principal after Year Five | 304 | ' |
Long-term debt | $15,935 | $0 |
Derivatives_Derivatives_Detail
Derivatives Derivatives (Details) (USD $) | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | Cash flow hedging [Member] | Cash flow hedging [Member] | Maturity date December 23, 2019 [Member] | Maturity date December 23, 2019 [Member] | Maturity date June 22, 2020 [Member] | Maturity date June 22, 2020 [Member] | Maturity date September 21, 2020 [Member] | Maturity date September 21, 2020 [Member] | Maturity date June 30, 2019 [Member] | Maturity date June 30, 2019 [Member] | |
Interest rate swap [Member] | Interest rate swap [Member] | Cash flow hedging [Member] | Cash flow hedging [Member] | Cash flow hedging [Member] | Cash flow hedging [Member] | Cash flow hedging [Member] | Cash flow hedging [Member] | Cash flow hedging [Member] | Cash flow hedging [Member] | ||
Designated as hedging instrument [Member] | Designated as hedging instrument [Member] | Interest rate swap [Member] | Interest rate swap [Member] | Interest rate swap [Member] | Interest rate swap [Member] | Interest rate swap [Member] | Interest rate swap [Member] | Interest rate swap [Member] | Interest rate swap [Member] | ||
Other liabilities [Member] | Designated as hedging instrument [Member] | Designated as hedging instrument [Member] | Designated as hedging instrument [Member] | Designated as hedging instrument [Member] | Designated as hedging instrument [Member] | Designated as hedging instrument [Member] | Designated as hedging instrument [Member] | Designated as hedging instrument [Member] | |||
Other liabilities [Member] | Other Assets [Member] | Other liabilities [Member] | Other Assets [Member] | Other liabilities [Member] | Other Assets [Member] | Other Assets [Member] | |||||
Derivatives, Fair Value [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Liability, Notional Amount | ' | ' | $80,000 | $25,000 | ' | $25,000 | ' | $30,000 | ' | $20,000 | ' |
Derivative Asset, Notional Amount | ' | ' | ' | ' | 25,000 | ' | 25,000 | ' | 30,000 | ' | 20,000 |
Collateral already posted, aggregate fair value | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Collateral posted from counterparty | ' | 3,300 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Variable interest rate, derivative | ' | ' | ' | 0.60% | 0.54% | 0.62% | 0.56% | 0.62% | 0.56% | ' | 3.30% |
Fixed interest rate, derivative | ' | ' | ' | 2.10% | 2.10% | 2.34% | 2.34% | 2.52% | 2.52% | ' | 4.88% |
Interest Rate Cash Flow Hedge Liability at Fair Value | ' | ' | ' | 239 | ' | 238 | ' | 267 | ' | ' | ' |
Interest Rate Cash Flow Hedge Asset at Fair Value | ' | ' | ' | ' | 820 | ' | 1,002 | ' | 1,316 | ' | 277 |
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust | $20,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivatives_Derivatives_PreTax
Derivatives Derivatives Pre-Tax Losses (Details) (Designated as hedging instrument [Member], Interest rate swap [Member], Cash flow hedging [Member], USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Other income [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain (loss) on cash flow hedge ineffectiveness, net | $0 | ' |
Maturity date December 23, 2019 [Member] | Other income [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain (loss) on cash flow hedge ineffectiveness, net | 0 | 0 |
Maturity date June 22, 2020 [Member] | Other income [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain (loss) on cash flow hedge ineffectiveness, net | 0 | 0 |
Maturity date September 21, 2020 [Member] | Other income [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain (loss) on cash flow hedge ineffectiveness, net | 0 | 0 |
Maturity date June 30, 2019 [Member] | Other income [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain (loss) on cash flow hedge ineffectiveness, net | 0 | ' |
Effective portion [Member] | Maturity date December 23, 2019 [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Unrealized gain (loss) on interest rate cash flow hedges, pretax, accumulated other comprehensive income (loss) | 1,059 | -239 |
Effective portion [Member] | Maturity date December 23, 2019 [Member] | Interest Expense [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion | 0 | 0 |
Effective portion [Member] | Maturity date June 22, 2020 [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Unrealized gain (loss) on interest rate cash flow hedges, pretax, accumulated other comprehensive income (loss) | 1,240 | -238 |
Effective portion [Member] | Maturity date June 22, 2020 [Member] | Interest Expense [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion | 0 | 0 |
Effective portion [Member] | Maturity date September 21, 2020 [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Unrealized gain (loss) on interest rate cash flow hedges, pretax, accumulated other comprehensive income (loss) | 1,583 | -267 |
Effective portion [Member] | Maturity date September 21, 2020 [Member] | Interest Expense [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion | 0 | 0 |
Effective portion [Member] | Maturity date June 30, 2019 [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Unrealized gain (loss) on interest rate cash flow hedges, pretax, accumulated other comprehensive income (loss) | 277 | ' |
Effective portion [Member] | Maturity date June 30, 2019 [Member] | Interest Expense [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion | $0 | ' |
Income_Taxes_Schedule_of_Compo
Income Taxes Schedule of Components of Income Tax Expense (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current federal income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | $5,097 | $5,129 | $4,441 |
Current state income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | 1,076 | 996 | 900 |
Deferred federal income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | 1,044 | 548 | 630 |
Deferred state income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | 103 | 91 | 101 |
Income tax expense | $1,802 | $1,980 | $1,837 | $1,701 | $1,837 | $1,649 | $1,541 | $1,737 | $7,320 | $6,764 | $6,072 |
Income_Taxes_Schedule_of_Effec
Income Taxes Schedule of Effective Income Tax Rate Reconciliation (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax reconciliation, income tax expense, at federal statutory income tax rate | ' | ' | ' | ' | ' | ' | ' | ' | $8,474 | $7,971 | $7,469 |
Effective income tax rate reconciliation, at federal statutory income tax rate | ' | ' | ' | ' | ' | ' | ' | ' | 35.00% | 35.00% | 35.00% |
Income tax reconciliation, state income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 687 | 639 | 557 |
Effective income tax rate reconciliation, state income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 2.80% | 2.80% | 2.60% |
Income tax reconciliation, tax exempt interest income | ' | ' | ' | ' | ' | ' | ' | ' | -1,331 | -1,095 | -1,328 |
Effective income tax reconciliation, tax exempt interest income | ' | ' | ' | ' | ' | ' | ' | ' | -5.50% | -4.80% | -6.20% |
Income tax reconciliation, nondeductible interest expense, other | ' | ' | ' | ' | ' | ' | ' | ' | 46 | 42 | 54 |
Effective income tax rate reconciliation, nondeductible interest expense, other | ' | ' | ' | ' | ' | ' | ' | ' | 0.20% | 0.20% | 0.30% |
Income tax reconciliation, tax-exempt increase in cash value of life insurance and gains | ' | ' | ' | ' | ' | ' | ' | ' | -226 | -553 | -532 |
Effective income tax reconciliation, tax-exempt increase in cash value of life insurance and gains | ' | ' | ' | ' | ' | ' | ' | ' | -0.90% | -2.40% | -2.50% |
Income tax reconciliation, change in deferred tax assets valuation allowance | ' | ' | ' | ' | ' | ' | ' | ' | 116 | 98 | 227 |
Effective income tax rate reconciliation, change in deferred tax assets valuation allowance | ' | ' | ' | ' | ' | ' | ' | ' | 0.40% | 0.40% | 1.10% |
Income tax reconciliation, tax credits, investment | ' | ' | ' | ' | ' | ' | ' | ' | -273 | -273 | -273 |
Effective income tax rate reconciliation, tax credits, investment | ' | ' | ' | ' | ' | ' | ' | ' | -1.10% | -1.20% | -1.30% |
Income tax reconciliation, other adjustments | ' | ' | ' | ' | ' | ' | ' | ' | -173 | -65 | -102 |
Effective income tax rate reconciliation, other adjustments | ' | ' | ' | ' | ' | ' | ' | ' | -0.70% | -0.30% | -0.50% |
Income tax expense | $1,802 | $1,980 | $1,837 | $1,701 | $1,837 | $1,649 | $1,541 | $1,737 | $7,320 | $6,764 | $6,072 |
Effective income tax rate | ' | ' | ' | ' | ' | ' | ' | ' | 30.20% | 29.70% | 28.50% |
Income_Taxes_Schedule_of_Defer
Income Taxes Schedule of Deferred Tax Assets and Liabilities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Income Tax Disclosure [Abstract] | ' | ' |
Deferred tax assets, allowance for loan losses | $5,241 | $5,901 |
Deferred tax assets, investment security impairment | 106 | 106 |
Deferred tax assets, net unrealized losses on available-for-sale securities, gross | 3,466 | 0 |
Deferred tax assets, net unrealized losses on derivative instruments | 0 | 283 |
Deferred tax assets, intangible assets | 1,387 | 1,695 |
Deferred tax assets, other real estate owned | 1,572 | 1,475 |
Deferred tax assets, accrued expenses | 819 | 766 |
Deferred Tax Assets, restricted stock compensation | 140 | 45 |
Deferred tax assets, state operating loss carryforwards | 647 | 529 |
Deferred tax assets, capital loss carryforwards | 4,063 | 4,065 |
Deferred tax assets, other | 56 | 243 |
Deferred tax assets, gross | 17,497 | 15,108 |
Deferred tax liabilities, net deferred loan fees and costs | 280 | 272 |
Deferred tax liabilities, net unrealized gains on securities available for sale | 0 | 1,463 |
Deferred Tax Liabilities, net unrealized gains on derivatives | 1,297 | 0 |
Deferred tax liabilities, premises and equipment | 559 | 513 |
Deferred tax liabilities, loans | 1,038 | 878 |
Deferred tax liabilities, other | 314 | 291 |
Deferred tax liabilities, gross | 3,488 | 3,417 |
Deferred tax assets, net, before valuation allowance | 14,009 | 11,691 |
Valuation allowance, amount | -4,816 | -4,700 |
Deferred tax assets, net | $9,193 | $6,991 |
Income_Taxes_Schedule_of_Opera
Income Taxes Schedule of Operating Loss Carryforwards (Details) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Operating Loss Carryforwards [Line Items] | ' |
State operating loss carryforwards | 10,790 |
Minimum [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
State operating loss carryforwards, expiration dates | 31-Dec-19 |
Income_Taxes_Schedule_of_Capit
Income Taxes Schedule of Capital Loss Carryforwards (Details) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Capital Loss Carryforwards [Line Items] | ' |
Capital loss carryforward amount, federal | 9,899 |
Capital loss carryforward amount, state | 9,981 |
Minimum [Member] | ' |
Capital Loss Carryforwards [Line Items] | ' |
Capital loss carryforwards, expiration dates | '12/31/2014 |
Maximum [Member] | ' |
Capital Loss Carryforwards [Line Items] | ' |
Capital loss carryforwards, expiration dates | '12/31/2016 |
Income_Taxes_Narratives_Detail
Income Taxes Narratives (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Taxes [Abstract] | ' | ' | ' |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense | $0 | $0 | $0 |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | $0 | $0 | ' |
Stock_Compensation_Plans_Restr
Stock Compensation Plans Restricted Stock Unit Activity (Details) (West Bancorporation, Inc. 2012 Equity Incentive Plan [Member], Restricted stock units (RSUs) [Member], Common stock [Member], USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
West Bancorporation, Inc. 2012 Equity Incentive Plan [Member] | Restricted stock units (RSUs) [Member] | Common stock [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Share-based compensation arrangement by share-based payment award, equity instruments other than options, nonvested (number of shares) | 130,337 | 66,793 | 0 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $10.50 | $9.74 | $0 |
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period (number of shares) | 77,500 | 66,793 | ' |
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period, weighted average grant date fair value ($ per share) | $11.10 | $9.74 | ' |
Share-based compensation arrangement by share-based payment award, equity instruments other than options, vested in period (number of shares) | -13,956 | 0 | ' |
Share-based compensation arrangement by share-based payment award, equity instruments other than options, vested in period, weighted average grant date fair value ($ per share) | $10.17 | $0 | ' |
Share-based compensation arrangement by share-based payment award, equity instruments other than options, forfeited in period (number of shares) | 0 | 0 | ' |
Share-based compensation arrangement by share-based payment award, equity instruments other than options, forfeitures, weighted average grant date fair value ($ per share) | $0 | $0 | ' |
Stock_Compensation_Plans_Narra
Stock Compensation Plans Narratives (Details) (West Bancorporation, Inc. 2012 Equity Incentive Plan [Member], Common stock [Member], USD $) | 12 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 656,749 | 733,207 |
Restricted stock units (RSUs) [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share-Based Compensation, Restricted Stock Units Granted to Date Under Plan | 144,293 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $175 | ' |
Projected forfeitures on restricted stock awards | 0 | ' |
Employee service share-based compensation, nonvested awards, total compensation cost not yet recognized, period for recognition | '2 years 9 months 19 days | ' |
Share-based compensation arrangement by share-based payment award, number of shares authorized | 800,000 | ' |
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period (number of shares) | 77,500 | 66,793 |
Restricted stock or unit expense | 0 | ' |
Shares of common stock per restricted stock unit | 1 | ' |
Allocated share-based compensation expense | 378 | 118 |
Employee service share-based compensation, nonvested awards, total compensation cost not yet recognized, share-based awards other than options | $856 | ' |
Stock issued during period, shares, restricted stock award, forfeited | 0 | ' |
Employee_Savings_and_Stock_Own1
Employee Savings and Stock Ownership Plan (Details) (USD $) | 12 Months Ended | 24 Months Ended | 12 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2011 |
100% matching percentage [Member] | 100% matching percentage [Member] | 50% matching percentage [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ' | ' |
Discretionary contribution expense, defined contribution plan | $357 | $338 | $437 | ' | ' | ' |
Defined contribution plan, minimum contribution percentage | 1.00% | ' | ' | ' | ' | ' |
Defined contribution plan, maximum contribution amount per employee, amount | 'maximum dollar amount allowed by current law | ' | ' | ' | ' | ' |
Defined contribution plan, employer matching contribution, percent | ' | ' | ' | 3.00% | 6.00% | 2.00% |
Expense, defined contribution plan, employer matching contributions | $556 | $503 | $315 | ' | ' | ' |
Shares held in employee stock option plan, allocated | 311,121 | 280,456 | ' | ' | ' | ' |
Common_Stock_Repurchase_Detail
Common Stock Repurchase (Details) (USD $) | 0 Months Ended | 9 Months Ended | 12 Months Ended | |||
In Millions, except Share data, unless otherwise specified | Jun. 05, 2013 | Apr. 24, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Class of Stock [Line Items] | ' | ' | ' | ' | ' | ' |
Common stock, share outstanding | ' | ' | 15,976,204 | 17,403,882 | ' | ' |
Common Stock [Member] | ' | ' | ' | ' | ' | ' |
Class of Stock [Line Items] | ' | ' | ' | ' | ' | ' |
Stock Repurchased and Retired During Period, Shares | 1,440,592 | ' | 1,440,592 | ' | ' | ' |
Common Stock Shares Repurchased, Percent | 8.27% | ' | ' | ' | ' | ' |
Share Price | $10.95 | ' | ' | ' | ' | ' |
Common stock, share outstanding | 15,969,464 | ' | 15,976,204 | 17,403,882 | 17,403,882 | 17,403,882 |
Stock Repurchase Program, Authorized Amount | ' | $2 | ' | ' | ' | ' |
Stock Repurchase Program, Number of Shares Repurchased | ' | ' | 0 | ' | ' | ' |
Changes_in_Accumulated_Other_C
Changes in Accumulated Other Comprehensive Income (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 |
Accumulated Other Comprehensive Income, Changes [Roll Forward] | ' | ' | ' | ' |
Other comprehensive income (loss), net of tax | ($5,464) | $1,272 | $3,301 | ' |
Accumulated other comprehensive income | 1,926 | ' | ' | -3,538 |
Accumulated Other Comprehensive Income (Loss) [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income, Changes [Roll Forward] | ' | ' | ' | ' |
Other comprehensive income (loss), net of tax | -5,464 | 1,272 | 3,301 | ' |
Accumulated other comprehensive income | 1,926 | 654 | -2,647 | -3,538 |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | ' | ' | ' |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | -5,464 | ' | ' | ' |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | Noncredit-related Unrealized Gains Losses on Securities with OTTI [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income, Changes [Roll Forward] | ' | ' | ' | ' |
Other comprehensive income (loss), net of tax | 320 | 181 | 3 | ' |
Accumulated other comprehensive income | -1,759 | -1,940 | -1,943 | -1,439 |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | ' | ' | ' |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 320 | ' | ' | ' |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | Unrealized gains losses on securities without OTTI, net of tax [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income, Changes [Roll Forward] | ' | ' | ' | ' |
Other comprehensive income (loss), net of tax | -8,363 | 1,552 | 3,298 | ' |
Accumulated other comprehensive income | 4,146 | 2,594 | -704 | -4,217 |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | ' | ' | ' |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | -8,363 | ' | ' | ' |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income, Changes [Roll Forward] | ' | ' | ' | ' |
Other comprehensive income (loss), net of tax | 2,579 | -461 | 0 | ' |
Accumulated other comprehensive income | -461 | 0 | 0 | 2,118 |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | ' | ' | ' |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | $2,579 | ' | ' | ' |
Comprehensive_Income_Tax_Effec
Comprehensive Income Tax Effects Allocated to Other Comprehensive Income (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Other comprehensive income (loss), net of tax [Abstract] | ' | ' | ' |
Unrealized gains (losses) on interest rate swaps arising during period before tax | $4,159 | ($744) | $0 |
Other comprehensive income (loss), unrealized gain (loss) on derivatives arising during period, tax | -1,580 | 283 | ' |
Other comprehensive income (loss), unrealized gain (loss) on derivatives arising during period, net of tax | 2,579 | -461 | ' |
Other comprehensive income (loss), before tax | -8,813 | 2,051 | 5,325 |
Other comprehensive income (loss), tax | 3,349 | -779 | -2,024 |
Other comprehensive income (loss), net of tax | -5,464 | 1,272 | 3,301 |
Unrealized gains (losses) on securities without other than temporary impairment before tax [Member] | ' | ' | ' |
Other comprehensive income (loss), before tax | ' | ' | ' |
Unrealized holding gains (losses) arising during the period, before tax | -13,488 | 2,749 | 5,320 |
Less: reclassification adjustment for net gains (losses) realized in net income, before tax | 0 | -246 | 0 |
Net unrealized holding gains (losses) on securities available for sale, before tax | -13,488 | 2,503 | 5,320 |
Other comprehensive income (loss), tax [Abstract] | ' | ' | ' |
Unrealized holding gains (losses) arising during the period, tax (expense) benefit | 5,125 | -1,045 | -2,022 |
Less: reclassification adjustment for net gains (losses) realized in net income, tax (expense) benefit | 0 | -94 | 0 |
Net unrealized holding gains (losses) on securities available for sale, tax (expense) benefit | 5,125 | -951 | -2,022 |
Other comprehensive income (loss), net of tax [Abstract] | ' | ' | ' |
Unrealized holding gains (losses) arising during the period, net of tax | -8,363 | 1,704 | 3,298 |
Less: reclassification adjustment for net gains (losses) realized in net income, net of tax | 0 | -152 | 0 |
Net unrealized holding gains (losses) on securities available for sale, net of tax | -8,363 | 1,552 | 3,298 |
Unrealized gains (losses) on securities for which a portion of an other than temporary impairment has been recorded in earnings before tax [Member] | ' | ' | ' |
Other comprehensive income (loss), before tax | ' | ' | ' |
Unrealized holding gains (losses) arising during the period, before tax | 516 | 89 | -94 |
Less: reclassification adjustment for losses realized in net income, before tax | 0 | 203 | 99 |
Net unrealized holding gains (losses) on securities available for sale, before tax | 516 | 292 | 5 |
Other comprehensive income (loss), tax [Abstract] | ' | ' | ' |
Unrealized holding gains (losses) arising during the period, tax (expense) benefit | -196 | -34 | 36 |
Less: reclassification adjusment for losses realized in net income, tax (expense) benefit | 0 | -77 | -38 |
Net unrealized holding gains (losses) on securities available for sale, tax (expense) benefit | -196 | -111 | -2 |
Other comprehensive income (loss), net of tax [Abstract] | ' | ' | ' |
Unrealized holding gains (losses) arising during the period, net of tax | 320 | 55 | -58 |
Less: reclassification adjustment for losses realized in net income, net of tax | 0 | 126 | 61 |
Net unrealized holding gains (losses) on securities available for sale, net of tax | $320 | $181 | $3 |
Regulatory_Capital_Requirement2
Regulatory Capital Requirements (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Capital | $160,737 | $165,995 |
Capital to risk weighted assets | 13.94% | 15.56% |
Capital required for capital adequacy | 92,265 | 85,331 |
Capital required for capital adequacy to risk weighted assets | 8.00% | 8.00% |
Tier one risk based capital | 146,946 | 152,635 |
Tier one risk based capital to risk weighted assets | 12.74% | 14.31% |
Tier one risk based capital required for capital adequacy | 46,133 | 42,666 |
Tier one risk based capital required for capital adequacy to risk weighted assets | 4.00% | 4.00% |
Tier one leverage capital | 146,946 | 152,635 |
Tier one leverage capital to average assets | 10.04% | 11.23% |
Tier one leverage capital required for capital adequacy | 58,520 | 54,387 |
Tier one leverage capital required for capital adequacy to average assets | 4.00% | 4.00% |
Tangible capital to tangible assets | 8.57% | 9.29% |
Intangible assets | 0 | 0 |
West Bank [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Capital | 155,666 | 145,252 |
Capital to risk weighted assets | 13.86% | 14.03% |
Capital required for capital adequacy | 89,859 | 82,844 |
Capital required for capital adequacy to risk weighted assets | 8.00% | 8.00% |
Capital required to be well capitalized | 112,323 | 103,555 |
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% |
Tier one risk based capital | 141,875 | 132,276 |
Tier one risk based capital to risk weighted assets | 12.63% | 12.77% |
Tier one risk based capital required for capital adequacy | 44,929 | 41,422 |
Tier one risk based capital required for capital adequacy to risk weighted assets | 4.00% | 4.00% |
Tier one risk based capital required to be well capitalized | 67,394 | 62,133 |
Tier one risk based capital required to be well capitalized to risk weighted assets | 6.00% | 6.00% |
Tier one leverage capital | 141,875 | 132,276 |
Tier one leverage capital to average assets | 9.80% | 9.85% |
Tier one leverage capital required for capital adequacy | 57,882 | 53,722 |
Tier one leverage capital required for capital adequacy to average assets | 4.00% | 4.00% |
Tier one leverage capital required to be well capitalized | $72,353 | $67,153 |
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% |
Commitments_and_Contingencies_2
Commitments and Contingencies Rent Expense (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Leases, Operating [Abstract] | ' | ' | ' |
Operating leases, rent expense | $1,775 | $1,583 | $1,541 |
Commitments_and_Contingencies_3
Commitments and Contingencies Minimum Rental Commitments (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | ' |
Operating leases, future minimum payments due, 2014 | $1,725 |
Operating leases, future minimum payments due, 2015 | 1,699 |
Operating leases, future minimum payments due, 2016 | 1,688 |
Operating leases, future minimum payments due, 2017 | 1,695 |
Operating leases, future minimum payments due, 2018 | 1,703 |
Operating leases, future minimum payments due, thereafter | 14,080 |
Operating leases, total future minimum payments due | $22,590 |
Commitments_and_Contingencies_4
Commitments and Contingencies Required Reserve Balances (Details) (Subsidiaries [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Subsidiaries [Member] | ' | ' |
Restricted Cash and Cash Equivalents Items [Line Items] | ' | ' |
Required cash reserve balances, Federal Reserve Bank | $5,535 | $3,201 |
Commitments_and_Contingencies_5
Commitments and Contingencies Commitments (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Loan commitments | $391,743 | $371,367 |
Commitments to extend credit [Member] | ' | ' |
Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Loan commitments | 388,197 | 360,879 |
Standby letters of credit [Member] | ' | ' |
Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Loan commitments | 3,546 | 10,488 |
Home equity line of credit [Member] | Commitments to extend credit [Member] | Commitments to extend credit, expiration within ten years [Member] | ' | ' |
Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Loan commitments | $13,087 | ' |
Commitments_and_Contingencies_6
Commitments and Contingencies Other Narratives (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
loans | loans | |
Loss Contingencies [Line Items] | ' | ' |
Present value of credit enhancement fees | $467 | ' |
Number of secondary market loans repurchased | 0 | 0 |
Residential mortgages with recourse provisions in effect | 147,000 | 116,000 |
Investment securities available for sale | 345,216 | 292,314 |
Standby letters of credit [Member] | ' | ' |
Loss Contingencies [Line Items] | ' | ' |
Guarantor obligations, current carrying value | 0 | 0 |
State and political subdivisions [Member] | ' | ' |
Loss Contingencies [Line Items] | ' | ' |
Investment securities available for sale | 87,788 | 56,761 |
States other than Iowa [Member] | State and political subdivisions [Member] | ' | ' |
Loss Contingencies [Line Items] | ' | ' |
Investment securities available for sale | $31,878 | ' |
Commitments_and_Contingencies_7
Commitments and Contingencies Contractual commitments (Details) (Building [Member], USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Coralville, Iowa [Member] | ' |
Long-term Purchase Commitment [Line Items] | ' |
Contractual obligation | $2,899 |
Rochester, Minnesota [Member] | ' |
Long-term Purchase Commitment [Line Items] | ' |
Purchase Obligation | $1,021 |
Fair_Value_Measurements_Recurr
Fair Value Measurements Recurring Basis by Level (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | $345,216 | $292,314 | ||
Fair value, measurements, recurring [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 345,216 | 292,314 | ||
Interest rate swaps | 3,415 | ' | ||
Assets, Fair Value Disclosure, Recurring | 348,631 | ' | ||
Interest rate swaps | ' | 744 | ||
Total liabilities, fair value disclosure, recurring basis | ' | 744 | ||
Fair value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 14,708 | 7,780 | ||
Interest rate swaps | 0 | ' | ||
Assets, Fair Value Disclosure, Recurring | 14,708 | ' | ||
Interest rate swaps | ' | 0 | ||
Total liabilities, fair value disclosure, recurring basis | ' | 0 | ||
Fair value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 328,658 | 283,200 | ||
Interest rate swaps | 3,415 | ' | ||
Assets, Fair Value Disclosure, Recurring | 332,073 | ' | ||
Interest rate swaps | ' | 744 | ||
Total liabilities, fair value disclosure, recurring basis | ' | 744 | ||
Fair value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 1,850 | 1,334 | ||
Interest rate swaps | 0 | ' | ||
Assets, Fair Value Disclosure, Recurring | 1,850 | ' | ||
Interest rate swaps | ' | 0 | ||
Total liabilities, fair value disclosure, recurring basis | ' | 0 | ||
U.S. government agencies and corporations [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 12,871 | 13,034 | ||
U.S. government agencies and corporations [Member] | Fair value, measurements, recurring [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 12,871 | 13,034 | ||
U.S. government agencies and corporations [Member] | Fair value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 0 | ||
U.S. government agencies and corporations [Member] | Fair value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 12,871 | 13,034 | ||
U.S. government agencies and corporations [Member] | Fair value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 0 | ||
State and political subdivisions [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 87,788 | 56,761 | ||
State and political subdivisions [Member] | Fair value, measurements, recurring [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 87,788 | 56,761 | ||
State and political subdivisions [Member] | Fair value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 0 | ||
State and political subdivisions [Member] | Fair value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 87,788 | 56,761 | ||
State and political subdivisions [Member] | Fair value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 0 | ||
Collateralized mortgage obligations [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 168,648 | [1] | 173,594 | [1] |
Collateralized mortgage obligations [Member] | Fair value, measurements, recurring [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 168,648 | 173,594 | ||
Collateralized mortgage obligations [Member] | Fair value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 0 | ||
Collateralized mortgage obligations [Member] | Fair value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 168,648 | 173,594 | ||
Collateralized mortgage obligations [Member] | Fair value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 0 | ||
Mortgage-backed securities [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 58,156 | [1] | 38,424 | [1] |
Mortgage-backed securities [Member] | Fair value, measurements, recurring [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 58,156 | 38,424 | ||
Mortgage-backed securities [Member] | Fair value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 0 | ||
Mortgage-backed securities [Member] | Fair value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 58,156 | 38,424 | ||
Mortgage-backed securities [Member] | Fair value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 0 | ||
Trust preferred securities [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 2,745 | 2,095 | ||
Trust preferred securities [Member] | Fair value, measurements, recurring [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 2,745 | 2,095 | ||
Trust preferred securities [Member] | Fair value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 0 | 0 | ||
Trust preferred securities [Member] | Fair value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 895 | 761 | ||
Trust preferred securities [Member] | Fair value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 1,850 | 1,334 | ||
Corporate notes and other investments [Member] | Fair value, measurements, recurring [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 15,008 | 8,406 | ||
Corporate notes and other investments [Member] | Fair value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 14,708 | 7,780 | ||
Corporate notes and other investments [Member] | Fair value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | 300 | 626 | ||
Corporate notes and other investments [Member] | Fair value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' | ||
Investment securities available for sale | $0 | $0 | ||
[1] | All collateralized mortgage obligations and mortgage-backed securities consist of residential mortgage pass-through securities guaranteed by GNMA or issued by FNMA and real estate mortgage investment conduits guaranteed by FHLMC or GNMA. |
Fair_Value_Measurements_Change
Fair Value Measurements Change in Level 3 Securities (Details) (Fair value, inputs, level 3 [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' |
Balance, beginning of period | $1,334 | $1,245 | $1,339 |
Transfers into level 3 | 0 | 0 | 0 |
Total gains or (losses): | ' | ' | ' |
Included in earnings | 0 | -203 | -99 |
Included in other comprehensive income | 516 | 292 | 5 |
Sale of securities | 0 | 0 | 0 |
Principal payments | 0 | 0 | 0 |
Balance, end of period | $1,850 | $1,334 | $1,245 |
Trust preferred securities [Member] | Fair value, measurements, recurring [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' |
Number of securities classified as level 3 | ' | 1 | ' |
Fair_Value_Measurements_Quanti
Fair Value Measurements Quantitative Inputs - Recurring (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Investment securities available for sale | 345,216 | 292,314 |
Trust preferred securities [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Investment securities available for sale | 2,745 | 2,095 |
Fair value, measurements, recurring [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Investment securities available for sale | 345,216 | 292,314 |
Fair value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Investment securities available for sale | 1,850 | 1,334 |
Fair value, measurements, recurring [Member] | Trust preferred securities [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Investment securities available for sale | 2,745 | 2,095 |
Fair value, measurements, recurring [Member] | Trust preferred securities [Member] | Fair value, inputs, level 3 [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Investment securities available for sale | 1,850 | 1,334 |
ALESCO Preferred Funding X, Ltd. [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Investment securities available for sale | 1,850 | ' |
ALESCO Preferred Funding X, Ltd. [Member] | Fair value, measurements, recurring [Member] | Trust preferred securities [Member] | Fair value, inputs, level 3 [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Investment securities available for sale | 1,850 | 1,334 |
ALESCO Preferred Funding X, Ltd. [Member] | Fair value, measurements, recurring [Member] | Trust preferred securities [Member] | Weighted Average [Member] | Discounted cash flow method [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value Inputs, Discount Rate | 17.00% | 16.80% |
Fair Value Inputs, Prepayment Rate | 5.60% | 5.20% |
Fair Value Inputs, Probability of Default | 18.90% | 19.40% |
Fair Value Inputs, Loss Severity | 88.30% | 88.50% |
Fair Value Inputs, Recovery probabilities for deferring collateral | 29.80% | 26.30% |
ALESCO Preferred Funding X, Ltd. [Member] | Fair value, measurements, recurring [Member] | Trust preferred securities [Member] | Minimum [Member] | Discounted cash flow method [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value Inputs, Prepayment Rate | 0.00% | 0.00% |
Fair Value Inputs, Probability of Default | 1.90% | 2.80% |
Fair Value Inputs, Loss Severity | 20.00% | 85.00% |
Fair Value Inputs, Recovery probabilities for deferring collateral | 0.00% | 0.00% |
ALESCO Preferred Funding X, Ltd. [Member] | Fair value, measurements, recurring [Member] | Trust preferred securities [Member] | Maximum [Member] | Discounted cash flow method [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value Inputs, Prepayment Rate | 75.00% | 75.00% |
Fair Value Inputs, Probability of Default | 100.00% | 100.00% |
Fair Value Inputs, Loss Severity | 100.00% | 100.00% |
Fair Value Inputs, Recovery probabilities for deferring collateral | 75.00% | 75.00% |
Fair_Value_Measurements_Nonrec
Fair Value Measurements Nonrecurring Basis by Level (Details) (Fair Value, measurements, nonrecurring [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, net of fair value adjustment, fair value disclosure | $1,270 | $5,182 |
Other real estate owned, fair value disclosure | 5,800 | 8,304 |
Total assets measured at fair value on a nonrecurring basis | 7,070 | 13,486 |
Fair value, inputs, level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, net of fair value adjustment, fair value disclosure | 0 | 0 |
Other real estate owned, fair value disclosure | 0 | 0 |
Total assets measured at fair value on a nonrecurring basis | 0 | 0 |
Fair value, inputs, level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, net of fair value adjustment, fair value disclosure | 0 | 0 |
Other real estate owned, fair value disclosure | 0 | 0 |
Total assets measured at fair value on a nonrecurring basis | 0 | 0 |
Fair value, inputs, level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, net of fair value adjustment, fair value disclosure | 1,270 | 5,182 |
Other real estate owned, fair value disclosure | 5,800 | 8,304 |
Total assets measured at fair value on a nonrecurring basis | $7,070 | $13,486 |
Fair_Value_Measurements_Quanti1
Fair Value Measurements Quantitative Inputs - Nonrecurring (Details) (Fair Value, measurements, nonrecurring [Member], USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Collateral Dependent Impaired Loans | 1,270 | 5,182 |
Other real estate owned, fair value disclosure | 5,800 | 8,304 |
Fair value, inputs, level 3 [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Collateral Dependent Impaired Loans | 1,270 | 5,182 |
Other real estate owned, fair value disclosure | 5,800 | 8,304 |
Evaluation of collateral [Member] | Estimate of fair value, fair value disclosure [Member] | Collateral dependent impaired loans [Member] | Fair value, inputs, level 3 [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Collateral Dependent Impaired Loans | 1,270 | 5,182 |
Market Approach Valuation Technique [Member] | Appraisal adjustment [Member] | Other real estate owned [Member] | Fair value, inputs, level 3 [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Other real estate owned, fair value disclosure | 5,800 | 8,304 |
Market Approach Valuation Technique [Member] | Appraisal adjustment [Member] | Maximum [Member] | Other real estate owned [Member] | Fair value, inputs, level 3 [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Fair Value Inputs, Discount Rate | 50.00% | 50.00% |
Market Approach Valuation Technique [Member] | Appraisal adjustment [Member] | Minimum [Member] | Other real estate owned [Member] | Fair value, inputs, level 3 [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Fair Value Inputs, Discount Rate | 0.00% | 0.00% |
Market Approach Valuation Technique [Member] | Appraisal adjustment [Member] | Weighted Average [Member] | Other real estate owned [Member] | Fair value, inputs, level 3 [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Fair Value Inputs, Discount Rate | 10.60% | 28.40% |
Fair_Value_Measurements_Carryi
Fair Value Measurements Carrying Amounts and Fair Values (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Cash and due from banks, carrying amount | $41,126 | $60,417 | ||
Federal funds sold and other short-term investments, carrying amount | 1,299 | 111,057 | ||
Investment securities available for sale | 345,216 | 292,314 | ||
Federal Home Loan Bank Stock, carrying amount | 11,851 | 11,789 | ||
Loans held for sale, carrying amount | 2,230 | 3,363 | ||
Loans, net, carrying amount | 991,720 | 927,401 | ||
Accrued interest receivable | 4,007 | 3,652 | ||
Deposits, carrying amount | 1,163,842 | 1,134,576 | ||
Federal funds purchased, securities sold under agreements to repurchase, carrying amount | 16,622 | 55,596 | ||
Subordinated notes, carrying amount | 20,619 | 20,619 | ||
Long-term debt | 15,935 | 0 | ||
Carrying amount, fair value disclosure [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 345,216 | 292,314 | ||
Federal Home Loan Bank Stock, carrying amount | 11,851 | 11,789 | ||
Loans held for sale, carrying amount | 2,230 | 3,363 | ||
Loans, net, carrying amount | 977,929 | [1] | 911,872 | [1] |
Accrued interest receivable | 4,007 | 3,652 | ||
Deposits, carrying amount | 1,163,842 | 1,134,576 | ||
Accrued interest payable | 429 | 472 | ||
Subordinated notes, carrying amount | 20,619 | 20,619 | ||
FHLB advances, carrying amount | 95,392 | 93,890 | ||
Long-term debt | 15,935 | 0 | ||
Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale | 345,216 | 292,314 | ||
Fair value, inputs, level 1 [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Cash and due from banks, fair value | 41,126 | 60,417 | ||
Federal funds sold and other short-term borrowings, fair value | 1,299 | 111,057 | ||
Federal Home Loan Bank Stock, fair value | 11,851 | 11,789 | ||
Accrued interest receivable | 4,007 | 3,652 | ||
Federal funds purchased and securities sold under agreements to repurchase, fair value | 16,622 | 55,596 | ||
Accrued interest payable | 429 | 472 | ||
Fair value, inputs, level 2 [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Loans held-for-sale, fair value | 2,242 | 3,409 | ||
Loans, net, fair value | 990,811 | [1] | 928,048 | [1] |
Deposits, fair value | 1,165,112 | 1,136,378 | ||
Subordinated notes, fair value | 11,819 | 12,010 | ||
FHLB advances, fair value | 94,785 | 95,741 | ||
Long-term debt | 16,112 | 0 | ||
Standby letters of credit [Member] | Carrying amount, fair value disclosure [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Standby letters of credit | 0 | 0 | ||
Standby letters of credit [Member] | Fair value, inputs, level 3 [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Standby letters of credit | 0 | 0 | ||
Commitments to extend credit [Member] | Carrying amount, fair value disclosure [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Standby letters of credit | 0 | 0 | ||
Commitments to extend credit [Member] | Fair value, inputs, level 3 [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Standby letters of credit | 0 | 0 | ||
Interest rate swap [Member] | Carrying amount, fair value disclosure [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Interest rate swaps, derivative asset | 3,415 | 0 | ||
Interest rate swaps, derivative liability | 0 | 744 | ||
Interest rate swap [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Interest rate swaps, derivative asset | 3,415 | 0 | ||
Interest rate swaps, derivative liability | $0 | $744 | ||
[1] | All loans are Level 2 except impaired loans of $1,270 and $5,182 as of December 31, 2013 and 2012, respectively, which are Level 3. |
Fair_Value_Measurements_Narrat
Fair Value Measurements Narratives (Details) (Fair value, measurements, recurring [Member], USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Fair value, measurements, recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ' | ' |
Transfers between levels, fair value disclosure | $0 | $0 |
Condensed_Balance_Sheets_Paren
Condensed Balance Sheets - Parent Company Only (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
ASSETS | ' | ' | ' | ' |
Investment securities available for sale | $345,216 | $292,314 | ' | ' |
Premises, net | 7,487 | 5,609 | ' | ' |
Other real estate owned | 5,800 | 8,304 | ' | ' |
Other assets | 9,890 | 7,077 | ' | ' |
Total assets | 1,442,404 | 1,448,175 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Accrued expenses and other liabilities | 6,369 | 8,907 | ' | ' |
Subordinated notes | 20,619 | 20,619 | ' | ' |
Long-term debt | 15,935 | 0 | ' | ' |
Total liabilities | 1,318,779 | 1,313,588 | ' | ' |
STOCKHOLDERS' EQUITY | ' | ' | ' | ' |
Preferred stock, value, issued | 0 | 0 | ' | ' |
Common stock | 3,000 | 3,000 | ' | ' |
Additional paid-in capital | 18,411 | 33,805 | ' | ' |
Retained earnings | 105,752 | 95,856 | ' | ' |
Accumulated other comprehensive income (loss), net of tax | -3,538 | 1,926 | ' | ' |
Total stockholders' equity | 123,625 | 134,587 | 123,451 | 145,436 |
Total liabilities and stockholders' equity | 1,442,404 | 1,448,175 | ' | ' |
Parent Company [Member] | ' | ' | ' | ' |
ASSETS | ' | ' | ' | ' |
Cash | 6,705 | 6,999 | 1,882 | 226 |
Investment securities available for sale | 1,850 | 1,334 | ' | ' |
Investment in West Bank | 139,822 | 135,987 | ' | ' |
Investment in West Bancorporation Capital Trust I | 619 | 619 | ' | ' |
Premises, net | 3,967 | 2,371 | ' | ' |
Other real estate owned | 5,456 | 6,907 | ' | ' |
Other assets | 1,869 | 1,285 | ' | ' |
Total assets | 160,288 | 155,502 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Accrued expenses and other liabilities | 109 | 296 | ' | ' |
Subordinated notes | 20,619 | 20,619 | ' | ' |
Long-term debt | 15,935 | 0 | ' | ' |
Total liabilities | 36,663 | 20,915 | ' | ' |
STOCKHOLDERS' EQUITY | ' | ' | ' | ' |
Preferred stock, value, issued | 0 | 0 | ' | ' |
Common stock | 3,000 | 3,000 | ' | ' |
Additional paid-in capital | 18,411 | 33,805 | ' | ' |
Retained earnings | 105,752 | 95,856 | ' | ' |
Accumulated other comprehensive income (loss), net of tax | -3,538 | 1,926 | ' | ' |
Total stockholders' equity | 123,625 | 134,587 | ' | ' |
Total liabilities and stockholders' equity | $160,288 | $155,502 | ' | ' |
Condensed_Statements_of_Income
Condensed Statements of Income- Parent Company Only (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Operating Income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest and dividend income | $13,464 | $13,444 | $13,261 | $12,572 | $12,507 | $12,553 | $12,896 | $12,706 | $52,741 | $50,662 | $53,319 |
Investment securities impairment losses | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -203 | -99 |
Operating Expenses [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest on subordinated notes | ' | ' | ' | ' | ' | ' | ' | ' | 711 | 751 | 715 |
Interest expense, long-term debt | ' | ' | ' | ' | ' | ' | ' | ' | 188 | 0 | 0 |
Occupancy | ' | ' | ' | ' | ' | ' | ' | ' | 3,906 | 3,519 | 3,342 |
Other real estate owned expense | ' | ' | ' | ' | ' | ' | ' | ' | 1,359 | 1,491 | 2,883 |
Income before income taxes | 6,084 | 6,343 | 6,135 | 5,649 | 5,736 | 5,401 | 5,924 | 5,714 | 24,211 | 22,775 | 21,340 |
Income tax benefits | 1,802 | 1,980 | 1,837 | 1,701 | 1,837 | 1,649 | 1,541 | 1,737 | 7,320 | 6,764 | 6,072 |
Net income | 4,282 | 4,363 | 4,298 | 3,948 | 3,899 | 3,752 | 4,383 | 3,977 | 16,891 | 16,011 | 15,268 |
Parent Company [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in net income of West Bank | ' | ' | ' | ' | ' | ' | ' | ' | 18,609 | 17,700 | 17,398 |
Equity in net income of West Bancorporation Capital Trust I | ' | ' | ' | ' | ' | ' | ' | ' | 21 | 22 | 21 |
Interest and dividend income | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 44 | 49 |
Investment securities impairment losses | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -203 | -99 |
Intercompany rental income | ' | ' | ' | ' | ' | ' | ' | ' | 145 | 36 | 0 |
Other operating income | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 55 |
Total operating income | ' | ' | ' | ' | ' | ' | ' | ' | 18,775 | 17,599 | 17,424 |
Operating Expenses [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest on subordinated notes | ' | ' | ' | ' | ' | ' | ' | ' | 711 | 751 | 715 |
Interest expense, long-term debt | ' | ' | ' | ' | ' | ' | ' | ' | 188 | 0 | 0 |
Occupancy | ' | ' | ' | ' | ' | ' | ' | ' | 49 | 10 | 0 |
Other real estate owned expense | ' | ' | ' | ' | ' | ' | ' | ' | 1,511 | 1,011 | 2,021 |
Other expenses | ' | ' | ' | ' | ' | ' | ' | ' | 686 | 590 | 512 |
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 3,145 | 2,362 | 3,248 |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 15,630 | 15,237 | 14,176 |
Income tax benefits | ' | ' | ' | ' | ' | ' | ' | ' | -1,261 | -774 | -1,092 |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | $16,891 | $16,011 | $15,268 |
Condensed_Statements_of_Cash_F
Condensed Statements of Cash Flows - Parent Company Only (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash Flows from Operating Activities: | ' | ' | ' |
Net income | $16,891 | $16,011 | $15,268 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Investment securities impairment losses | 0 | 203 | 99 |
Depreciation | 786 | 697 | 612 |
Loss on disposition of premises and equipment | 9 | 125 | -8 |
Write-down of other real estate owned | 1,341 | 1,442 | 3,109 |
Deferred income taxes (benefits) | 1,147 | 639 | 731 |
Change in assets and liabilities: | ' | ' | ' |
(Increase) decrease in other assets | 580 | -116 | 3,066 |
Increase (decrease) in accrued expenses and other liabilities | -1,744 | 923 | 138 |
Cash Flows from Investing Activities: | ' | ' | ' |
Net change in loans | -65,436 | -90,301 | 46,101 |
Other purchases of premises | -1,908 | -1,035 | -981 |
Net proceeds from sales of other real estate owned | 1,744 | 1,320 | 6,141 |
Payments for other real estate owned improvements | -291 | 0 | 0 |
Cash Flows from Financing Activities: | ' | ' | ' |
Proceeds from long-term debt | 16,000 | 80,000 | 0 |
Principal payments on long-term debt | -830 | -80,000 | 0 |
Common stock cash dividends | -6,995 | -6,265 | -2,959 |
Preferred stock dividends paid | 0 | 0 | -1,120 |
Redemption of preferred stock | 0 | 0 | -36,000 |
Repurchase of common stock warrant | 0 | 0 | -700 |
Repurchase and cancellation of common stock | -15,774 | 0 | 0 |
Tax withholding related to net share settlements of restricted stock units | -14 | 0 | 0 |
Excess tax benefits from vesting of restricted stock units | 16 | 0 | 0 |
Cash: | ' | ' | ' |
Purchases of premises financed by issuance of long-term debt | 765 | 0 | 0 |
Parent Company [Member] | ' | ' | ' |
Cash Flows from Operating Activities: | ' | ' | ' |
Net income | 16,891 | 16,011 | 15,268 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Equity in net income of West Bank | -18,609 | -17,700 | -17,398 |
Equity in net income of West Bancorporation Capital Trust I | -21 | -22 | -21 |
Dividends received from West Bank | 19,200 | 12,500 | 42,035 |
Dividends received from West Bancorporation Capital Trust I | 21 | 22 | 21 |
Investment securities impairment losses | 0 | 203 | 99 |
Amortization | 20 | 14 | 14 |
Depreciation | 43 | 10 | 0 |
Loss on disposition of premises and equipment | 0 | 36 | 0 |
Write-down of other real estate owned | 1,341 | 943 | 1,902 |
Loss on sale of other real estate owned | 70 | 0 | 50 |
Deferred income taxes (benefits) | -412 | -343 | -726 |
Change in assets and liabilities: | ' | ' | ' |
(Increase) decrease in other assets | -219 | 25 | 1,210 |
Increase (decrease) in accrued expenses and other liabilities | -137 | 65 | -214 |
Net cash provided by operating activities | 18,188 | 11,764 | 42,240 |
Cash Flows from Investing Activities: | ' | ' | ' |
Net change in loans | 0 | 2,000 | 0 |
Purchases of premises from West Bank | 0 | -2,339 | 0 |
Other purchases of premises | -874 | -43 | 0 |
Net proceeds from sales of other real estate owned | 280 | 0 | 195 |
Payments for other real estate owned improvements | -291 | 0 | 0 |
Capital contribution to bank subsidiary | -10,000 | 0 | 0 |
Net cash provided by (used in) investing activities | -10,885 | -382 | 195 |
Cash Flows from Financing Activities: | ' | ' | ' |
Proceeds from long-term debt | 16,000 | 0 | 0 |
Principal payments on long-term debt | -830 | 0 | 0 |
Common stock cash dividends | -6,995 | -6,265 | -2,959 |
Preferred stock dividends paid | 0 | 0 | -1,120 |
Redemption of preferred stock | 0 | 0 | -36,000 |
Repurchase of common stock warrant | 0 | 0 | -700 |
Repurchase and cancellation of common stock | -15,774 | 0 | 0 |
Tax withholding related to net share settlements of restricted stock units | -14 | 0 | 0 |
Excess tax benefits from vesting of restricted stock units | 16 | 0 | 0 |
Net cash provided by (used in) financing activities | -7,597 | -6,265 | -40,779 |
Net increase (decrease) in cash | -294 | 5,117 | 1,656 |
Cash: | ' | ' | ' |
Beginning | 6,999 | 1,882 | 226 |
Ending | 6,705 | 6,999 | 1,882 |
Purchases of premises financed by issuance of long-term debt | $765 | $0 | $0 |
Selected_Quarterly_Financial_D2
Selected Quarterly Financial Data (unaudited) Selected Quarterly Financial Data (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Selected Quarterly Financial Information [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Interest income | $13,464 | $13,444 | $13,261 | $12,572 | $12,507 | $12,553 | $12,896 | $12,706 | $52,741 | $50,662 | $53,319 | |||
Interest expense | 1,764 | 1,818 | 1,728 | 1,748 | 2,135 | 2,296 | 2,505 | 2,528 | 7,058 | 9,464 | 11,917 | |||
Net interest income | 11,700 | 11,626 | 11,533 | 10,824 | 10,372 | 10,257 | 10,391 | 10,178 | 45,683 | 41,198 | 41,402 | |||
Provision for loan losses | 0 | -1,000 | 0 | 150 | 325 | 300 | 0 | 0 | -850 | [1] | 625 | [1] | 550 | [1] |
Net interest income after provision for loan losses | 11,700 | 12,626 | 11,533 | 10,674 | 10,047 | 9,957 | 10,391 | 10,178 | 46,533 | 40,573 | 40,852 | |||
Total noninterest income | 2,135 | 2,130 | 2,017 | 2,221 | 2,699 | 2,548 | 3,346 | 2,401 | 8,503 | 10,994 | 9,361 | |||
Total noninterest expense | 7,751 | 8,413 | 7,415 | 7,246 | 7,010 | 7,104 | 7,813 | 6,865 | 30,825 | 28,792 | 28,873 | |||
Income before income taxes | 6,084 | 6,343 | 6,135 | 5,649 | 5,736 | 5,401 | 5,924 | 5,714 | 24,211 | 22,775 | 21,340 | |||
Income taxes | 1,802 | 1,980 | 1,837 | 1,701 | 1,837 | 1,649 | 1,541 | 1,737 | 7,320 | 6,764 | 6,072 | |||
Net income | $4,282 | $4,363 | $4,298 | $3,948 | $3,899 | $3,752 | $4,383 | $3,977 | $16,891 | $16,011 | $15,268 | |||
Basic earnings per common share | $0.27 | $0.27 | $0.25 | $0.23 | $0.22 | $0.22 | $0.25 | $0.23 | $1.02 | $0.92 | $0.74 | |||
Diluted earnings per common share | $0.27 | $0.27 | $0.25 | $0.23 | $0.22 | $0.22 | $0.25 | $0.23 | $1.02 | $0.92 | $0.74 | |||
[1] | The negative provisions for the various segments are either related to the decline in each of those portfolio segments during the time periods disclosed and/or improvement in the credit quality factors related to those portfolio segments. |