Document_and_Entity_Informatio
Document and Entity Information Document | 9 Months Ended | |
Sep. 30, 2014 | Oct. 23, 2014 | |
Entity Information | ' | ' |
Entity Registrant Name | 'WEST BANCORPORATION INC | ' |
Entity Central Index Key | '0001166928 | ' |
Document Type | '10-Q | ' |
Document Period Date | 30-Sep-14 | ' |
Amendment Flag | 'false | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 16,018,734 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $34,480 | $41,126 |
Federal funds sold | 204 | 1,299 |
Cash and cash equivalents | 34,684 | 42,425 |
Investment securities available for sale, at fair value | 287,913 | 345,216 |
Investment securities held to maturity, at amortized cost (fair value of $51,120 at September 30, 2014 and $0 at December 31, 2013) | 51,364 | 0 |
Federal Home Loan Bank stock, at cost | 13,964 | 11,851 |
Loans held for sale | 343 | 2,230 |
Loans | 1,083,077 | 991,720 |
Allowance for loan losses | -13,345 | -13,791 |
Loans, net | 1,069,732 | 977,929 |
Premises and equipment, net | 10,609 | 7,487 |
Accrued interest receivable | 4,549 | 4,007 |
Bank-owned life insurance | 31,910 | 26,376 |
Other real estate owned | 4,495 | 5,800 |
Deferred tax assets, net | 7,368 | 9,193 |
Other assets | 5,870 | 9,890 |
Total assets | 1,522,801 | 1,442,404 |
LIABILITIES | ' | ' |
Noninterest-bearing demand deposits | 347,279 | 332,230 |
Interest-bearing demand deposits | 217,141 | 233,613 |
Savings deposits | 495,613 | 451,855 |
Time deposits of $100,000 or more | 88,441 | 83,653 |
Other time deposits | 56,788 | 62,491 |
Total deposits | 1,205,262 | 1,163,842 |
Federal funds purchased | 3,870 | 16,622 |
Other short-term borrowings | 40,000 | 0 |
Subordinated notes | 20,619 | 20,619 |
Federal Home Loan Bank advances, net of discount | 96,511 | 95,392 |
Long-term debt | 13,491 | 15,935 |
Accrued expenses and other liabilities | 7,323 | 6,369 |
Total liabilities | 1,387,076 | 1,318,779 |
STOCKHOLDERS' EQUITY | ' | ' |
Preferred stock, $0.01 par value; authorized 50,000,000 shares; no shares issued and outstanding at September 30, 2014 and December 31, 2013 | 0 | 0 |
Common stock, no par value; authorized 50,000,000 shares; 16,018,734 and 15,976,204 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively | 3,000 | 3,000 |
Additional paid-in capital | 18,794 | 18,411 |
Retained earnings | 114,354 | 105,752 |
Accumulated other comprehensive (loss) | -423 | -3,538 |
Total stockholders' equity | 135,725 | 123,625 |
Total liabilities and stockholders' equity | $1,522,801 | $1,442,404 |
Balance_Sheet_Parenthetical_Pa
Balance Sheet Parenthetical (Parentheticals) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Preferred Stock: | ' | ' |
Preferred stock, par value ($ per share) | $0.01 | $0.01 |
Preferred stock, share authorized | 50,000,000 | 50,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common Stock: | ' | ' |
Common stock, par value ($ per share) | ' | ' |
Common stock, share authorized | 50,000,000 | 50,000,000 |
Common stock, share issued | 16,018,734 | 15,976,204 |
Common stock, share outstanding | 16,018,734 | 15,976,204 |
Held-to-maturity securities, fair value | $51,120 | $0 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Interest income: | ' | ' | ' | ' | ||||
Loans, including fees | $11,934 | $11,382 | $34,936 | $33,617 | ||||
Investment securities: | ' | ' | ' | ' | ||||
Taxable securities | 1,191 | 1,366 | 3,793 | 3,784 | ||||
Tax-exempt securities | 721 | 676 | 2,095 | 1,777 | ||||
Federal funds sold | 14 | 20 | 43 | 99 | ||||
Total interest income | 13,860 | 13,444 | 40,867 | 39,277 | ||||
Interest expense: | ' | ' | ' | ' | ||||
Deposits | 592 | 854 | 1,851 | 2,591 | ||||
Federal funds purchased and securities sold under agreements to repurchase | 2 | 23 | 8 | 76 | ||||
Other short-term borrowings | 3 | 0 | 15 | 0 | ||||
Subordinated notes | 242 | 180 | 588 | 534 | ||||
Federal Home Loan Bank advances | 660 | 668 | 1,959 | 1,995 | ||||
Long-term debt | 72 | 93 | 233 | 98 | ||||
Total interest expense | 1,571 | 1,818 | 4,654 | 5,294 | ||||
Net interest income | 12,289 | 11,626 | 36,213 | 33,983 | ||||
Provision for loan losses | 100 | [1] | -1,000 | [1] | 250 | [1] | -850 | [1] |
Net interest income after provision for loan losses | 12,189 | 12,626 | 35,963 | 34,833 | ||||
Noninterest income: | ' | ' | ' | ' | ||||
Service charges on deposit accounts | 713 | 747 | 2,106 | 2,190 | ||||
Debit card usage fees | 443 | 527 | 1,306 | 1,351 | ||||
Trust services | 363 | 266 | 1,013 | 743 | ||||
Gains and fees on sales of residential mortgages | 457 | 212 | 1,059 | 949 | ||||
Increase in cash value of bank-owned life insurance | 198 | 162 | 534 | 492 | ||||
Realized investment securities gains, net | 210 | 0 | 716 | 0 | ||||
Other income | 246 | 216 | 767 | 643 | ||||
Total noninterest income | 2,630 | 2,130 | 7,501 | 6,368 | ||||
Noninterest expense: | ' | ' | ' | ' | ||||
Salaries and employee benefits | 3,961 | 4,007 | 12,059 | 11,962 | ||||
Occupancy | 1,072 | 984 | 3,107 | 2,917 | ||||
Data processing | 546 | 532 | 1,626 | 1,515 | ||||
FDIC insurance expense | 190 | 182 | 561 | 547 | ||||
Other real estate owned expense | 3 | 1,137 | 398 | 1,138 | ||||
Professional fees | 249 | 286 | 734 | 922 | ||||
Director fees | 183 | 145 | 525 | 430 | ||||
Other expenses | 1,190 | 1,140 | 3,750 | 3,643 | ||||
Total noninterest expense | 7,394 | 8,413 | 22,760 | 23,074 | ||||
Income before income taxes | 7,425 | 6,343 | 20,704 | 18,127 | ||||
Income taxes | 2,362 | 1,980 | 6,502 | 5,518 | ||||
Net income | $5,063 | $4,363 | $14,202 | $12,609 | ||||
Basic earnings per common share (dollars per share) | $0.32 | $0.27 | $0.89 | $0.75 | ||||
Diluted earnings per common share (dollars per share) | $0.32 | $0.27 | $0.89 | $0.75 | ||||
Cash dividends declared per common share (in dollars per share) | $0.12 | $0.11 | $0.35 | $0.31 | ||||
[1] | The negative provisions for the various segments are related to either 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 $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Net income | $5,063 | $4,363 | $14,202 | $12,609 |
Unrealized gains (losses) on derivatives arising during the period | 387 | -577 | -2,386 | 3,196 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax | 73 | 0 | 73 | 0 |
Income tax (expense) benefit on unrealized gains (losses) on derivatives arising during the period | -175 | 220 | 879 | -1,214 |
Other comprehensive income (loss) on derivatives | 285 | -357 | -1,434 | 1,982 |
Total other comprehensive income (loss) | 347 | -3,155 | 3,115 | -5,301 |
Comprehensive income | 5,410 | 1,208 | 17,317 | 7,308 |
Unrealized gains on securities for which a portion of an OTTI has been recorded in earnings | ' | ' | ' | ' |
Other comprehensive income (loss), before tax | ' | ' | ' | ' |
Unrealized holding gains arising during the period | 225 | 187 | 583 | 469 |
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, before Tax | 0 | 0 | 0 | 0 |
Income tax (expense), other comprehensive income on available-for-sale securities | -86 | -72 | -222 | -179 |
Other comprehensive income (loss) on available for sale securities | 139 | 115 | 361 | 290 |
Unrealized gains losses on securities without OTTI [Member] | ' | ' | ' | ' |
Other comprehensive income (loss), before tax | ' | ' | ' | ' |
Unrealized holding gains arising during the period | 88 | -4,699 | 7,473 | -12,215 |
Less: reclassification adjustment for net gains realized in net income | -210 | 0 | -716 | 0 |
Other comprehensive income (loss), reclassification adjustment from AOCI for amortization of net unrealized gains, held to maturity securities | -3 | 0 | -3 | 0 |
Income tax (expense), other comprehensive income on available-for-sale securities | 48 | 1,786 | -2,566 | 4,642 |
Other comprehensive income (loss) on available for sale securities | ($77) | ($2,913) | $4,188 | ($7,573) |
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, 2012 | $134,587 | $0 | $3,000 | $33,805 | $95,856 | $1,926 |
Common Stock, Shares, Outstanding at Dec. 31, 2012 | ' | ' | 17,403,882 | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 12,609 | 0 | 0 | 0 | 12,609 | 0 |
Other comprehensive income (loss), net of tax | -5,301 | 0 | 0 | 0 | 0 | -5,301 |
Cash dividends declared, common stock | -5,238 | 0 | 0 | 0 | -5,238 | 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 | 272 | 0 | 0 | 272 | 0 | 0 |
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for payroll taxes, value | -14 | 0 | 0 | -14 | 0 | 0 |
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for payroll taxes, shares | ' | ' | 12,914 | ' | ' | ' |
Excess tax benefits from vesting of restricted stock units | 16 | 0 | 0 | 16 | 0 | 0 |
Balance at Sep. 30, 2013 | 121,157 | 0 | 3,000 | 18,305 | 103,227 | -3,375 |
Common Stock, Shares, Outstanding at Sep. 30, 2013 | ' | ' | 15,976,204 | ' | ' | ' |
Balance at Dec. 31, 2013 | 123,625 | 0 | 3,000 | 18,411 | 105,752 | -3,538 |
Common Stock, Shares, Outstanding at Dec. 31, 2013 | 15,976,204 | ' | 15,976,204 | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 14,202 | 0 | 0 | 0 | 14,202 | 0 |
Other comprehensive income (loss), net of tax | 3,115 | 0 | 0 | 0 | 0 | 3,115 |
Cash dividends declared, common stock | -5,600 | 0 | 0 | 0 | -5,600 | 0 |
Stock-based compensation costs | 456 | 0 | 0 | 456 | 0 | 0 |
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for payroll taxes, value | -189 | 0 | 0 | -189 | 0 | 0 |
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for payroll taxes, shares | ' | ' | 42,530 | ' | ' | ' |
Excess tax benefits from vesting of restricted stock units | 116 | 0 | 0 | 116 | 0 | 0 |
Balance at Sep. 30, 2014 | $135,725 | $0 | $3,000 | $18,794 | $114,354 | ($423) |
Common Stock, Shares, Outstanding at Sep. 30, 2014 | 16,018,734 | ' | 16,018,734 | ' | ' | ' |
Stockholders_Equity_Parentheti
Stockholders' Equity Parenthetical (Parentheticals) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Cash dividends declared per common share (in dollars per share) | $0.12 | $0.11 | $0.35 | $0.31 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | ||
Cash Flows from Operating Activities: | ' | ' | ||
Net income | $14,202 | $12,609 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ||
Provision for loan losses | 250 | [1] | -850 | [1] |
Net amortization and accretion | 2,843 | 3,821 | ||
(Gain) loss on disposition of premises and equipment | -1 | 7 | ||
Investment securities gains, net | -716 | 0 | ||
Stock-based compensation | 456 | 272 | ||
Gain on sale of loans | -954 | -802 | ||
Proceeds from sales of loans held for sale | 49,250 | 79,275 | ||
Originations of loans held for sale | -46,409 | -75,531 | ||
Gain on sale of other real estate owned | -21 | -168 | ||
Write-down of other real estate owned | 346 | 1,200 | ||
Increase in value of bank-owned life insurance | -534 | -492 | ||
Depreciation | 623 | 580 | ||
Deferred income taxes | -84 | 482 | ||
Excess tax benefits from vesting of restricted stock units | -116 | -16 | ||
Change in assets and liabilities: | ' | ' | ||
Increase in accrued interest receivable | -542 | -829 | ||
Decrease in other assets | 1,687 | 417 | ||
Increase (decrease) in accrued expenses and other liabilities | 1,070 | -775 | ||
Net cash provided by operating activities | 21,350 | 19,200 | ||
Cash Flows from Investing Activities: | ' | ' | ||
Proceeds from sales, calls and maturities of securities available for sale | 80,060 | 61,714 | ||
Purchases of securities available for sale | -67,770 | -143,384 | ||
Purchases of Federal Home Loan Bank stock | -12,448 | -2,107 | ||
Proceeds from redemption of Federal Home Loan Bank stock | 10,335 | 2,267 | ||
Net increase in loans | -92,438 | -31,737 | ||
Net proceeds from sales of other real estate owned | 1,363 | 1,130 | ||
Proceeds from sales of premises and equipment | 13 | 0 | ||
Purchases of premises and equipment | -3,757 | -1,618 | ||
Purchases of bank owned life insurance | -5,000 | 0 | ||
Net cash used in investing activities | -89,642 | -113,735 | ||
Cash Flows from Financing Activities: | ' | ' | ||
Net increase in deposits | 41,420 | 31,216 | ||
Net decrease in federal funds purchased and securities sold under agreements to repurchase | -12,752 | -11,138 | ||
Net increase in other short-term borrowings | 40,000 | 0 | ||
Proceeds from long-term borrowings | 0 | 16,000 | ||
Principal payments on long-term borrowings | -2,444 | -15 | ||
Common stock dividends paid | -5,600 | -5,238 | ||
Repurchase and cancellation of common stock | 0 | -15,774 | ||
Restricted stock units withheld for payroll taxes | -189 | -14 | ||
Excess tax benefits from vesting of restricted stock units | 116 | 16 | ||
Net cash provided by (used in) financing activities | 60,551 | 15,053 | ||
Net increase (decrease) in cash and cash equivalents | -7,741 | -79,482 | ||
Cash and Cash Equivalents | ' | ' | ||
Beginning | 42,425 | 171,474 | ||
Ending | 34,684 | 91,992 | ||
Supplemental Disclosures of Cash Flow Information: | ' | ' | ||
Cash payments for interest | 4,628 | 5,235 | ||
Cash payments for income taxes | 3,650 | 5,125 | ||
Supplemental Disclosure of Noncash Investing and Financing Activities: | ' | ' | ||
Transfer of loans to other real estate owned | 394 | 185 | ||
Purchase of premises financed by issuance of long-term borrowings | $0 | $765 | ||
[1] | The negative provisions for the various segments are related to either 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. |
Basis_of_Presentation_Notes
Basis of Presentation (Notes) | 9 Months Ended |
Sep. 30, 2014 | |
Basis of Presentation [Abstract] | ' |
Basis of Presentation [Text Block] | ' |
Basis of Presentation | |
The accompanying unaudited consolidated financial statements have been prepared by West Bancorporation, Inc. (the Company) pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements have been condensed or omitted pursuant to such rules and regulations. Although management believes that the disclosures are adequate to make the information presented understandable, it is suggested that these interim consolidated financial statements be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2013. In the opinion of management, the accompanying consolidated financial statements contain all adjustments necessary to fairly present the financial position as of September 30, 2014 and December 31, 2013, net income and comprehensive income for the three and nine months ended September 30, 2014 and 2013, and cash flows for the nine months ended September 30, 2014 and 2013. The results for these interim periods may not be indicative of results for the entire year or for any other period. | |
The consolidated financial statements have been prepared in conformity with U.S. 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, 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 of financial instruments and other than temporary impairment (OTTI), the allowance for loan losses and the valuation of other real estate owned. | |
The accompanying unaudited 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 limited liability company) and West Bank's 99.99 percent owned subsidiary ICD IV, LLC (a community development entity). ICD IV was liquidated during the third quarter of 2014 because the underlying loan matured. All significant intercompany transactions and balances have been eliminated in consolidation. In accordance with GAAP, West Bancorporation Capital Trust I is recorded on the books of the Company using the equity method of accounting and is not consolidated. | |
Certain amounts in the prior year financial statements have been reclassified, with no effect on net income, comprehensive income, or stockholders’ equity, to conform with the current period presentation. | |
Recent accounting developments: In July 2013, the FASB issued Accounting Standards Update (ASU) 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 was effective for interim and annual periods beginning after December 31, 2013. The adoption of this guidance did not have a material impact on the Company's consolidated financial statements. | |
In January 2014, the FASB issued ASU 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. | |
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 660): Summary and Amendments that Create Revenue from Contracts with Customers (Topic 606) and Other Assets and Deferred Costs—Contracts with Customers (Subtopic 340-40). The guidance in this update supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition, and most industry-specific guidance throughout the industry topics of the codification. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2016. The Company is currently assessing the impact that this guidance will have on its consolidated financial statements, but does not expect the guidance to have a material impact on the Company's consolidated financial statements. |
Earnings_Per_Common_Share_Note
Earnings Per Common Share (Notes) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Earnings per Common Share [Abstract] | ' | |||||||||||||||
Earnings per Common Share [Text Block] | ' | |||||||||||||||
Earnings per Common Share | ||||||||||||||||
Basic earnings per common share are computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per common share reflect the potential dilution that could occur if the Company's outstanding restricted stock units were vested. The dilutive effect was computed using the treasury stock method, which assumes all stock-based awards were exercised and the hypothetical proceeds from exercise were used by the Company to purchase common stock at the average market price during the period. 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 calculations of earnings per common share and diluted earnings per common share for the three and nine months ended September 30, 2014 and 2013 are presented in the following table. | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in thousands, except per share information) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Net income | $ | 5,063 | $ | 4,363 | $ | 14,202 | $ | 12,609 | ||||||||
Weighted average common shares outstanding(1) | 16,016 | 15,973 | 15,999 | 16,786 | ||||||||||||
Weighted average effect of restricted stock units | ||||||||||||||||
outstanding | 24 | 42 | 39 | 44 | ||||||||||||
Diluted weighted average common shares outstanding | 16,040 | 16,015 | 16,038 | 16,830 | ||||||||||||
Basic earnings per common share | $ | 0.32 | $ | 0.27 | $ | 0.89 | $ | 0.75 | ||||||||
Diluted earnings per common share | $ | 0.32 | $ | 0.27 | $ | 0.89 | $ | 0.75 | ||||||||
-1 | The decline in the average weighted average common shares outstanding for the nine months ended September 30, 2013 was due to the repurchase of 1,441 common shares in June 2013. |
Investment_Securities_Notes
Investment Securities (Notes) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | |||||||||||||||||||||||
Investment Securities [Text Block] | ' | |||||||||||||||||||||||
Securities | ||||||||||||||||||||||||
The following tables show the amortized cost, gross unrealized gains and losses and estimated fair value of investment securities, by investment security type as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | |||||||||||||||||||||
Gains | (Losses) | |||||||||||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||
U.S. government agencies and corporations | $ | 12,639 | $ | 223 | $ | (1 | ) | $ | 12,861 | |||||||||||||||
State and political subdivisions | 53,248 | 1,312 | (343 | ) | 54,217 | |||||||||||||||||||
Collateralized mortgage obligations (1) | 134,573 | 1,169 | (1,772 | ) | 133,970 | |||||||||||||||||||
Mortgage-backed securities (1) | 69,043 | 453 | (623 | ) | 68,873 | |||||||||||||||||||
Trust preferred securities | 5,931 | — | (2,588 | ) | 3,343 | |||||||||||||||||||
Corporate notes and equity securities | 14,750 | 69 | (170 | ) | 14,649 | |||||||||||||||||||
$ | 290,184 | $ | 3,226 | $ | (5,497 | ) | $ | 287,913 | ||||||||||||||||
Securities held to maturity: | ||||||||||||||||||||||||
State and political subdivisions | $ | 51,364 | $ | 9 | $ | (253 | ) | $ | 51,120 | |||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | |||||||||||||||||||||
Gains | (Losses) | |||||||||||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||
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 | ||||||||||||||||
-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. | |||||||||||||||||||||||
The Company had no securities in the held to maturity investment category as of December 31, 2013. In September 2014, the Company transferred 86 state and political subdivision securities with total amortized cost and estimated fair value of $50,882 and $51,371, respectively, from the available for sale securities classification to the held to maturity securities classification. Unrealized net gains, before tax, of $489 included in accumulated other comprehensive income at the time of transfer are being amortized to interest income over the remaining expected lives of the transferred securities. | ||||||||||||||||||||||||
Securities with an amortized cost of $5,231 and $6,803 as of September 30, 2014 and December 31, 2013, respectively, were pledged to secure access to 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 September 30, 2014, by contractual maturity, are shown below. Certain securities have call features that allow the issuer to call the securities prior to maturity. Expected maturities may differ from contractual maturities for collateralized mortgage obligations and mortgage-backed securities because borrowers 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 within the following maturity summary. | ||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||
Amortized Cost | Fair Value | |||||||||||||||||||||||
Due in one year or less | $ | 25 | $ | 25 | ||||||||||||||||||||
Due after one year through five years | 32,101 | 32,620 | ||||||||||||||||||||||
Due after five years through ten years | 18,910 | 19,327 | ||||||||||||||||||||||
Due after ten years | 34,048 | 31,751 | ||||||||||||||||||||||
85,084 | 83,723 | |||||||||||||||||||||||
Collateralized mortgage obligations and mortgage-backed securities | 203,616 | 202,843 | ||||||||||||||||||||||
Equity securities | 1,484 | 1,347 | ||||||||||||||||||||||
$ | 290,184 | $ | 287,913 | |||||||||||||||||||||
The amortized cost and fair value of investment securities held to maturity as of September 30, 2014, by contractual maturity, are shown below. Certain securities have call features that allow the issuer to call the securities prior to maturity. | ||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||
Amortized Cost | Fair Value | |||||||||||||||||||||||
Due after five years through ten years | $ | 8,432 | $ | 8,377 | ||||||||||||||||||||
Due after ten years | 42,932 | 42,743 | ||||||||||||||||||||||
$ | 51,364 | $ | 51,120 | |||||||||||||||||||||
The details of the sales of investment securities for the three and nine months ended September 30, 2014 and 2013 are summarized in the following table. | ||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Proceeds from sales | $ | 7,344 | $ | — | $ | 36,582 | $ | — | ||||||||||||||||
Gross gains on sales | 334 | — | 1,050 | — | ||||||||||||||||||||
Gross losses on sales | 124 | — | 334 | — | ||||||||||||||||||||
The following tables show the fair value and gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous loss position, as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | ||||||||||||||||||||||
Fair | Gross | Fair | Gross | Fair | Gross | |||||||||||||||||||
Value | Unrealized | Value | Unrealized | Value | Unrealized | |||||||||||||||||||
(Losses) | (Losses) | (Losses) | ||||||||||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||
U.S. government agencies and corporations | $ | 5,058 | $ | (1 | ) | $ | — | $ | — | $ | 5,058 | $ | (1 | ) | ||||||||||
State and political subdivisions | 10,068 | (101 | ) | 11,452 | (242 | ) | 21,520 | (343 | ) | |||||||||||||||
Collateralized mortgage obligations | 16,041 | (95 | ) | 64,482 | (1,677 | ) | 80,523 | (1,772 | ) | |||||||||||||||
Mortgage-backed securities | — | — | 33,174 | (623 | ) | 33,174 | (623 | ) | ||||||||||||||||
Trust preferred securities | — | — | 3,343 | (2,588 | ) | 3,343 | (2,588 | ) | ||||||||||||||||
Corporate notes and equity securities | 5,007 | (20 | ) | 2,833 | (150 | ) | 7,840 | (170 | ) | |||||||||||||||
$ | 36,174 | $ | (217 | ) | $ | 115,284 | $ | (5,280 | ) | $ | 151,458 | $ | (5,497 | ) | ||||||||||
Securities held to maturity: | ||||||||||||||||||||||||
State and political subdivisions | $ | 46,828 | $ | (253 | ) | $ | — | $ | — | $ | 46,828 | $ | (253 | ) | ||||||||||
December 31, 2013 | ||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | ||||||||||||||||||||||
Fair | Gross | Fair | Gross | Fair | Gross | |||||||||||||||||||
Value | Unrealized | Value | Unrealized | Value | Unrealized | |||||||||||||||||||
(Losses) | (Losses) | (Losses) | ||||||||||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||
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 | ) | ||||||||||
As of September 30, 2014, the available for sale investment portfolio with unrealized losses that have existed for longer than one year included 19 state and political subdivision securities, 16 collateralized mortgage obligation securities, eight mortgage-backed securities, two trust preferred securities (TPS), three corporate notes and three equity securities. | ||||||||||||||||||||||||
The Company believes the unrealized losses on its investments in state and political subdivisions, collateralized mortgage obligations, mortgage-backed securities, corporate notes and equity securities, and one TPS security shown above as of September 30, 2014, were due to market conditions, rather than reduced estimated cash flows. 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 as of September 30, 2014. | ||||||||||||||||||||||||
As of September 30, 2014, the Company had one pooled TPS, ALESCO Preferred Funding X, Ltd., it has considered to have OTTI since 2009. 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, the security had an estimated fair value of $2,433 as of September 30, 2014 as compared to $1,850 at December 31, 2013. As of September 30, 2014, the unrealized loss of $1,738 is reflected in accumulated other comprehensive (loss), net of taxes of $660. The accumulated amount of credit-related losses recognized in earnings for the pooled TPS was $729 as of September 30, 2014, with no changes occurring since December 31, 2012. On a quarterly basis, the Company will continue to estimate the present value of cash flows expected to be collected over the life of the security. |
Loans_and_Allowance_for_Loan_L
Loans and Allowance for Loan Losses (Notes) | 9 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses [Abstract] | ' | |||||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses [Text Block] | ' | |||||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses | ||||||||||||||||||||||||||||||||
Loans consisted of the following segments as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||
Commercial | $ | 290,778 | $ | 258,010 | ||||||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||||||
Construction, land and land development | 141,686 | 117,394 | ||||||||||||||||||||||||||||||
1-4 family residential first mortgages | 51,643 | 50,349 | ||||||||||||||||||||||||||||||
Home equity | 23,179 | 25,205 | ||||||||||||||||||||||||||||||
Commercial | 565,773 | 532,139 | ||||||||||||||||||||||||||||||
Consumer and other loans | 10,513 | 9,236 | ||||||||||||||||||||||||||||||
1,083,572 | 992,333 | |||||||||||||||||||||||||||||||
Net unamortized fees and costs | (495 | ) | (613 | ) | ||||||||||||||||||||||||||||
$ | 1,083,077 | $ | 991,720 | |||||||||||||||||||||||||||||
Real estate loans of approximately $527,589 and $480,000 were pledged as security for Federal Home Loan Bank (FHLB) advances as of September 30, 2014 and December 31, 2013, respectively. | ||||||||||||||||||||||||||||||||
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 above 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 a loan is 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 a troubled debt restructured (TDR) loan when the Company concludes that a borrower is experiencing financial difficulties and a concession was granted that would not otherwise be considered. Concessions may include a restructuring of the loan terms to alleviate the burden on 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 the Company's classification criteria. These loans involve the potential for payment defaults or collateral inadequacies. A loan on the Watch List is considered impaired when management believes it is probable that 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. | ||||||||||||||||||||||||||||||||
The following table sets forth the recorded investment in nonperforming loans, disaggregated by segment, held by the Company as of September 30, 2014 and December 31, 2013. 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. | ||||||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||
Nonaccrual loans: | ||||||||||||||||||||||||||||||||
Commercial | $ | 614 | $ | 882 | ||||||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||||||
Construction, land and land development | — | — | ||||||||||||||||||||||||||||||
1-4 family residential first mortgages | 240 | 846 | ||||||||||||||||||||||||||||||
Home equity | 320 | — | ||||||||||||||||||||||||||||||
Commercial | 762 | 670 | ||||||||||||||||||||||||||||||
Consumer and other loans | — | — | ||||||||||||||||||||||||||||||
Total nonaccrual loans | 1,936 | 2,398 | ||||||||||||||||||||||||||||||
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 | — | — | ||||||||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||||||
Construction, land and land development | 389 | 424 | ||||||||||||||||||||||||||||||
1-4 family residential first mortgages | — | — | ||||||||||||||||||||||||||||||
Home equity | — | — | ||||||||||||||||||||||||||||||
Commercial | — | 93 | ||||||||||||||||||||||||||||||
Consumer and other loans | — | — | ||||||||||||||||||||||||||||||
Total troubled debt restructured loans | 389 | 517 | ||||||||||||||||||||||||||||||
Total nonperforming loans | $ | 2,325 | $ | 2,915 | ||||||||||||||||||||||||||||
-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. There were two TDR loans as of September 30, 2014 and one TDR loan as of December 31, 2013, with balances of $672 and $670, respectively, included in the nonaccrual category. | |||||||||||||||||||||||||||||||
There were no loan modifications considered to be TDR during the three or nine months ended September 30, 2014. The pre- and post-modification recorded investment in TDR loans that occurred during the three and nine months ended September 30, 2013 totaled $31. 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 preceding September 30, 2014 and 2013 that have subsequently had a payment default, totaled $0 and $135, 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 September 30, 2014 and December 31, 2013, and the average recorded investment and interest income recognized on these loans for the three and nine months ended September 30, 2014 and 2013. | ||||||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Recorded Investment | Unpaid Principal Balance | Related Allowance | |||||||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||||||||||
Commercial | $ | 164 | $ | 310 | $ | — | $ | 200 | $ | 345 | $ | — | ||||||||||||||||||||
Real Estate: | ||||||||||||||||||||||||||||||||
Construction, land and land development | 390 | 992 | — | 423 | 1,025 | — | ||||||||||||||||||||||||||
1-4 family residential first mortgages | 240 | 240 | — | 527 | 536 | — | ||||||||||||||||||||||||||
Home equity | 87 | 87 | — | — | — | — | ||||||||||||||||||||||||||
Commercial | 585 | 585 | — | 763 | 763 | — | ||||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | — | ||||||||||||||||||||||||||
1,466 | 2,214 | — | 1,913 | 2,669 | — | |||||||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||||||||
Commercial | 561 | 561 | 413 | 807 | 807 | 560 | ||||||||||||||||||||||||||
Real Estate: | ||||||||||||||||||||||||||||||||
Construction, land and land development | 1,028 | 1,028 | 500 | 2,037 | 2,037 | 1,300 | ||||||||||||||||||||||||||
1-4 family residential first mortgages | — | — | — | 319 | 319 | 33 | ||||||||||||||||||||||||||
Home equity | 232 | 232 | 232 | — | — | — | ||||||||||||||||||||||||||
Commercial | 177 | 177 | 177 | — | — | — | ||||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | — | ||||||||||||||||||||||||||
1,998 | 1,998 | 1,322 | 3,163 | 3,163 | 1,893 | |||||||||||||||||||||||||||
Total: | ||||||||||||||||||||||||||||||||
Commercial | 725 | 871 | 413 | 1,007 | 1,152 | 560 | ||||||||||||||||||||||||||
Real Estate: | ||||||||||||||||||||||||||||||||
Construction, land and land development | 1,418 | 2,020 | 500 | 2,460 | 3,062 | 1,300 | ||||||||||||||||||||||||||
1-4 family residential first mortgages | 240 | 240 | — | 846 | 855 | 33 | ||||||||||||||||||||||||||
Home equity | 319 | 319 | 232 | — | — | — | ||||||||||||||||||||||||||
Commercial | 762 | 762 | 177 | 763 | 763 | — | ||||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | — | ||||||||||||||||||||||||||
$ | 3,464 | $ | 4,212 | $ | 1,322 | $ | 5,076 | $ | 5,832 | $ | 1,893 | |||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||||
Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | |||||||||||||||||||||||||
With no related allowance | ||||||||||||||||||||||||||||||||
recorded: | ||||||||||||||||||||||||||||||||
Commercial | $ | 165 | $ | — | $ | 355 | $ | — | $ | 303 | $ | — | $ | 244 | $ | 9 | ||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||||||
Construction, land and land | ||||||||||||||||||||||||||||||||
development | 394 | 3 | 437 | 4 | 403 | 11 | 1,791 | 13 | ||||||||||||||||||||||||
1-4 family residential first | ||||||||||||||||||||||||||||||||
mortgages | 302 | — | 510 | — | 378 | 7 | 594 | 1 | ||||||||||||||||||||||||
Home equity | 22 | — | 2 | — | 9 | — | 1 | — | ||||||||||||||||||||||||
Commercial | 663 | — | 1,854 | 2 | 708 | 3 | 1,962 | 5 | ||||||||||||||||||||||||
Consumer and other loans | — | — | 16 | — | — | — | 6 | — | ||||||||||||||||||||||||
1,546 | 3 | 3,174 | 6 | 1,801 | 21 | 4,598 | 28 | |||||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||||||||
Commercial | 573 | 2 | 4,063 | — | 566 | 7 | 3,838 | 82 | ||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||||||
Construction, land and land | ||||||||||||||||||||||||||||||||
development | 1,150 | 13 | 2,629 | 34 | 1,562 | 54 | 3,667 | 138 | ||||||||||||||||||||||||
1-4 family residential first | ||||||||||||||||||||||||||||||||
mortgages | — | — | 292 | 3 | 187 | — | 137 | 8 | ||||||||||||||||||||||||
Home equity | 236 | — | 108 | — | 94 | — | 311 | 11 | ||||||||||||||||||||||||
Commercial | 44 | — | 241 | — | 18 | — | 1,037 | 44 | ||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||
2,003 | 15 | 7,333 | 37 | 2,427 | 61 | 8,990 | 283 | |||||||||||||||||||||||||
Total: | ||||||||||||||||||||||||||||||||
Commercial | 738 | 2 | 4,418 | — | 869 | 7 | 4,082 | 91 | ||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||||||
Construction, land and land | ||||||||||||||||||||||||||||||||
development | 1,544 | 16 | 3,066 | 38 | 1,965 | 65 | 5,458 | 151 | ||||||||||||||||||||||||
1-4 family residential first | ||||||||||||||||||||||||||||||||
mortgages | 302 | — | 802 | 3 | 565 | 7 | 731 | 9 | ||||||||||||||||||||||||
Home equity | 258 | — | 110 | — | 103 | — | 312 | 11 | ||||||||||||||||||||||||
Commercial | 707 | — | 2,095 | 2 | 726 | 3 | 2,999 | 49 | ||||||||||||||||||||||||
Consumer and other loans | — | — | 16 | — | — | — | 6 | — | ||||||||||||||||||||||||
$ | 3,549 | $ | 18 | $ | 10,507 | $ | 43 | $ | 4,228 | $ | 82 | $ | 13,588 | $ | 311 | |||||||||||||||||
The following table reconciles the balance of nonaccrual loans with impaired loans as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||
Nonaccrual loans | $ | 1,936 | $ | 2,398 | ||||||||||||||||||||||||||||
Troubled debt restructured loans | 389 | 517 | ||||||||||||||||||||||||||||||
Other impaired loans still accruing interest | 1,139 | 2,161 | ||||||||||||||||||||||||||||||
Total impaired loans | $ | 3,464 | $ | 5,076 | ||||||||||||||||||||||||||||
The balance of impaired loans at September 30, 2014 and December 31, 2013 was comprised of 13 and 17 different borrowers, respectively. The Company has no commitments to advance additional funds on any of the impaired loans. | ||||||||||||||||||||||||||||||||
The following tables provide an analysis of the payment status of the recorded investment in loans as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||
30-59 | 60-89 | 90 Days | Total | Current | Total | 90 Days | ||||||||||||||||||||||||||
Days Past | Days Past | or More | Past Due | Loans | Past Due and Still | |||||||||||||||||||||||||||
Due | Due | Past Due | Accruing | |||||||||||||||||||||||||||||
Commercial | $ | 227 | $ | — | $ | 123 | $ | 350 | $ | 290,428 | $ | 290,778 | $ | — | ||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||||||
Construction, land and | ||||||||||||||||||||||||||||||||
land development | — | — | — | — | 141,686 | 141,686 | — | |||||||||||||||||||||||||
1-4 family residential | ||||||||||||||||||||||||||||||||
first mortgages | 172 | 177 | — | 349 | 51,294 | 51,643 | — | |||||||||||||||||||||||||
Home equity | — | — | — | — | 23,179 | 23,179 | — | |||||||||||||||||||||||||
Commercial | — | 177 | — | 177 | 565,596 | 565,773 | — | |||||||||||||||||||||||||
Consumer and other | — | — | — | — | 10,513 | 10,513 | — | |||||||||||||||||||||||||
Total | $ | 399 | $ | 354 | $ | 123 | $ | 876 | $ | 1,082,696 | $ | 1,083,572 | $ | — | ||||||||||||||||||
Nonaccrual loans included | ||||||||||||||||||||||||||||||||
above | $ | 146 | $ | 354 | $ | 123 | $ | 623 | $ | 1,313 | $ | 1,936 | ||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||
30-59 | 60-89 | 90 Days | Total | Current | Total | 90 Days | ||||||||||||||||||||||||||
Days Past | Days Past | or More | Past Due | Loans | Past Due and Still | |||||||||||||||||||||||||||
Due | Due | Past Due | Accruing | |||||||||||||||||||||||||||||
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 | ||||||||||||||||||||
The following tables show the recorded investment in loans by credit quality indicator and loan segment as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||
Pass | Watch | Substandard | Doubtful | Total | ||||||||||||||||||||||||||||
Commercial | $ | 282,488 | $ | 7,046 | $ | 1,244 | $ | — | $ | 290,778 | ||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||||||
Construction, land and land development | 131,397 | 8,871 | 1,418 | — | 141,686 | |||||||||||||||||||||||||||
1-4 family residential first mortgages | 50,705 | 568 | 370 | — | 51,643 | |||||||||||||||||||||||||||
Home equity | 22,699 | 64 | 416 | — | 23,179 | |||||||||||||||||||||||||||
Commercial | 553,009 | 9,301 | 3,463 | — | 565,773 | |||||||||||||||||||||||||||
Consumer and other | 10,513 | — | — | — | 10,513 | |||||||||||||||||||||||||||
Total | $ | 1,050,811 | $ | 25,850 | $ | 6,911 | $ | — | $ | 1,083,572 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
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 flows 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 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 the current economic conditions that may affect the borrower's ability to pay. While management uses the best information available to make its evaluation, 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 an integral part 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. | ||||||||||||||||||||||||||||||||
The following tables detail the changes in the allowance for loan losses by segment for the three and nine months ended September 30, 2014 and 2013. | ||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | ||||||||||||||||||||||||||
Beginning balance | $ | 3,898 | $ | 2,540 | $ | 553 | $ | 563 | $ | 5,609 | $ | 50 | $ | 13,213 | ||||||||||||||||||
Charge-offs | — | — | (10 | ) | (60 | ) | — | — | (70 | ) | ||||||||||||||||||||||
Recoveries | 35 | — | 2 | 56 | 7 | 2 | 102 | |||||||||||||||||||||||||
Provision (1) | 347 | (189 | ) | 66 | (18 | ) | (107 | ) | 1 | 100 | ||||||||||||||||||||||
Ending balance | $ | 4,280 | $ | 2,351 | $ | 611 | $ | 541 | $ | 5,509 | $ | 53 | $ | 13,345 | ||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | ||||||||||||||||||||||||||
Beginning balance | $ | 4,108 | $ | 3,933 | $ | 663 | $ | 441 | $ | 6,780 | $ | 34 | $ | 15,959 | ||||||||||||||||||
Charge-offs | (315 | ) | — | (10 | ) | — | — | (31 | ) | (356 | ) | |||||||||||||||||||||
Recoveries | 34 | — | 3 | 99 | — | 2 | 138 | |||||||||||||||||||||||||
Provision (1) | 369 | (158 | ) | (38 | ) | (171 | ) | (1,032 | ) | 30 | (1,000 | ) | ||||||||||||||||||||
Ending balance | $ | 4,196 | $ | 3,775 | $ | 618 | $ | 369 | $ | 5,748 | $ | 35 | $ | 14,741 | ||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | ||||||||||||||||||||||||||
Beginning balance | $ | 4,199 | $ | 3,032 | $ | 613 | $ | 403 | $ | 5,485 | $ | 59 | $ | 13,791 | ||||||||||||||||||
Charge-offs | (577 | ) | — | (73 | ) | (123 | ) | (112 | ) | — | (885 | ) | ||||||||||||||||||||
Recoveries | 87 | 8 | 4 | 80 | 7 | 3 | 189 | |||||||||||||||||||||||||
Provision (1) | 571 | (689 | ) | 67 | 181 | 129 | (9 | ) | 250 | |||||||||||||||||||||||
Ending balance | $ | 4,280 | $ | 2,351 | $ | 611 | $ | 541 | $ | 5,509 | $ | 53 | $ | 13,345 | ||||||||||||||||||
Nine Months Ended September 30, 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 | (514 | ) | — | (40 | ) | (5 | ) | — | (32 | ) | (591 | ) | ||||||||||||||||||||
Recoveries | 254 | 42 | 121 | 212 | 2 | 22 | 653 | |||||||||||||||||||||||||
Provision (1) | 340 | (883 | ) | (100 | ) | (406 | ) | 182 | 17 | (850 | ) | |||||||||||||||||||||
Ending balance | $ | 4,196 | $ | 3,775 | $ | 618 | $ | 369 | $ | 5,748 | $ | 35 | $ | 14,741 | ||||||||||||||||||
-1 | The negative provisions for the various segments are related to either 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 September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | ||||||||||||||||||||||||||
Ending balance: | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 413 | $ | 500 | $ | — | $ | 232 | $ | 177 | $ | — | $ | 1,322 | ||||||||||||||||||
Collectively evaluated for impairment | 3,867 | 1,851 | 611 | 309 | 5,332 | 53 | 12,023 | |||||||||||||||||||||||||
Total | $ | 4,280 | $ | 2,351 | $ | 611 | $ | 541 | $ | 5,509 | $ | 53 | $ | 13,345 | ||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||
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 September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | ||||||||||||||||||||||||||
Ending balance: | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 725 | $ | 1,418 | $ | 239 | $ | 320 | $ | 762 | $ | — | $ | 3,464 | ||||||||||||||||||
Collectively evaluated for impairment | 290,053 | 140,268 | 51,404 | 22,859 | 565,011 | 10,513 | 1,080,108 | |||||||||||||||||||||||||
Total | $ | 290,778 | $ | 141,686 | $ | 51,643 | $ | 23,179 | $ | 565,773 | $ | 10,513 | $ | 1,083,572 | ||||||||||||||||||
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 | ||||||||||||||||||
Derivatives_Notes
Derivatives (Notes) | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||
Derivatives [Abstract] | ' | |||||||||||||||||||
Derivative [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 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 total 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. 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 with a quarterly interest rate reset date. The effective date of this swap was June 30, 2014 and it was terminated in September 2014, when the fair value was $0. The swap was terminated because short-term interest rates had not risen since the swap was purchased and short-term interest rates are not expected to increase for at least another year. The Company's overall interest rate risk profile is not significantly adversely impacted because variable rate assets have been added to the balance sheet in the past year. | ||||||||||||||||||||
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 6 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 nine months ended September 30, 2014 or 2013, and the Company estimates there will be approximately $430 of cash payments and reclassification from accumulated other comprehensive income (loss) to interest expense through September 30, 2015. 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 September 30, 2014, the counterparty had pledged $1,120 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 September 30, 2014. | ||||||||||||||||||||
The tables below identify the balance sheet category and fair values of the Company's derivative instruments designated as cash flow hedges as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||
September 30, 2014 | Notional | Fair Value | Balance Sheet | Receive Rate | Pay Rate | Maturity | ||||||||||||||
Amount | Category | |||||||||||||||||||
Interest rate swap | -1 | $ | 25,000 | $ | 275 | Other Assets | 0.52 | % | 2.1 | % | 12/23/19 | |||||||||
Interest rate swap | -2 | 25,000 | 355 | Other Assets | 0.54 | % | 2.34 | % | 6/22/20 | |||||||||||
Interest rate swap | -3 | 30,000 | 473 | Other Assets | 0.54 | % | 2.52 | % | 9/21/20 | |||||||||||
December 31, 2013 | Notional | Fair Value | Balance Sheet | Receive Rate | Pay Rate | Maturity | ||||||||||||||
Amount | Category | |||||||||||||||||||
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 | |||||||||||
The following tables identify the pre-tax gains (losses) recognized on the Company's derivative instruments designated as cash flow hedges for the nine months ended September 30, 2014 and 2013. | ||||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||
Effective Portion | Ineffective Portion | |||||||||||||||||||
Amount of | Reclassified from AOCI into | Recognized in Income on | ||||||||||||||||||
Pre-tax (Loss) | Income | Derivatives | ||||||||||||||||||
Recognized in | Amount of | Amount of | ||||||||||||||||||
OCI | Category | Gain (Loss) | Category | Gain (Loss) | ||||||||||||||||
Interest rate swap | -1 | $ | (545 | ) | Interest Expense | $ | — | Other Income | $ | — | ||||||||||
Interest rate swap | -2 | (647 | ) | Interest Expense | — | Other Income | — | |||||||||||||
Interest rate swap | -3 | (843 | ) | Interest Expense | — | Other Income | — | |||||||||||||
Interest rate swap | -4 | (277 | ) | Interest Expense | (73 | ) | Other Income | — | ||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||
Effective Portion | Ineffective Portion | |||||||||||||||||||
Amount of | Reclassified from AOCI into | Recognized in Income on | ||||||||||||||||||
Pre-tax Gain | Income | Derivatives | ||||||||||||||||||
Recognized in | Amount of | Amount of | ||||||||||||||||||
OCI | Category | Gain (Loss) | Category | Gain (Loss) | ||||||||||||||||
Interest rate swap | -1 | $ | 841 | Interest Expense | $ | — | Other Income | $ | — | |||||||||||
Interest rate swap | -2 | 973 | Interest Expense | — | Other Income | — | ||||||||||||||
Interest rate swap | -3 | 1,228 | Interest Expense | — | Other Income | — | ||||||||||||||
Interest rate swap | -4 | 154 | Interest Expense | — | Other Income | — | ||||||||||||||
Fair_Value_Measurements_Notes
Fair Value Measurements (Notes) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||
Fair Value Measurements [Abstract] | ' | |||||||||||||||||
Fair Value Measurements [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 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 the nine months ended September 30, 2014. | ||||||||||||||||||
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 a trust preferred security. 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 believes 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 has 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 derivatives are 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 September 30, 2014 and December 31, 2013. | ||||||||||||||||||
September 30, 2014 | ||||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Investment securities available for sale: | ||||||||||||||||||
U.S. government agencies and corporations | $ | 12,861 | $ | — | $ | 12,861 | $ | — | ||||||||||
State and political subdivisions | 54,217 | — | 54,217 | — | ||||||||||||||
Collateralized mortgage obligations | 133,970 | — | 133,970 | — | ||||||||||||||
Mortgage-backed securities | 68,873 | — | 68,873 | — | ||||||||||||||
Trust preferred securities | 3,343 | — | 910 | 2,433 | ||||||||||||||
Corporate notes and equity securities | 14,649 | 14,349 | 300 | — | ||||||||||||||
Total investment securities available for sale | 287,913 | 14,349 | 271,131 | 2,433 | ||||||||||||||
Derivative instruments: | ||||||||||||||||||
Interest rate swaps | 1,103 | — | 1,103 | — | ||||||||||||||
Total assets measured at fair value on a recurring basis | $ | 289,016 | $ | 14,349 | $ | 272,234 | $ | 2,433 | ||||||||||
December 31, 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 | ||||||||||
The following table presents changes in investment securities available for sale with significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2014 and 2013. The activity in the table consists of one pooled TPS (ALESCO Preferred Funding X, Ltd.), which is considered to have OTTI. | ||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
Beginning balance | $ | 2,207 | $ | 1,616 | $ | 1,850 | $ | 1,334 | ||||||||||
Transfer into level 3 | — | — | — | — | ||||||||||||||
Total gains: | ||||||||||||||||||
Included in earnings | — | — | — | — | ||||||||||||||
Included in other comprehensive income | 226 | 186 | 583 | 468 | ||||||||||||||
Sale of security | — | — | — | — | ||||||||||||||
Principal payments | — | — | — | — | ||||||||||||||
Ending balance | $ | 2,433 | $ | 1,802 | $ | 2,433 | $ | 1,802 | ||||||||||
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 September 30, 2014 and December 31, 2013. | ||||||||||||||||||
September 30, 2014 | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range (Average) | |||||||||||||||
ALESCO Preferred Funding X, Ltd. | $ | 2,433 | Discounted cash flow | Discount rate | NA (14.0%) | |||||||||||||
Prepayment rate | 0.0% - 75.0% (5.0%) | |||||||||||||||||
Probability of default | 1.7% - 100.0% (16.1%) | |||||||||||||||||
Expected losses on | 20.0% - 100.0% (88.5%) | |||||||||||||||||
defaulted collateral | ||||||||||||||||||
Recovery probabilities | 0.0% - 75.0% (26.1%) | |||||||||||||||||
for deferring collateral | ||||||||||||||||||
December 31, 2013 | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range (Average) | |||||||||||||||
ALESCO Preferred Funding X, Ltd. | $ | 1,850 | Discounted cash flow | Discount rate | NA (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 | ||||||||||||||||||
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 September 30, 2014 and December 31, 2013. | ||||||||||||||||||
September 30, 2014 | ||||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Assets: | ||||||||||||||||||
Impaired loans | $ | 676 | $ | — | $ | — | $ | 676 | ||||||||||
Other real estate owned | 4,495 | — | — | 4,495 | ||||||||||||||
Total | $ | 5,171 | $ | — | $ | — | $ | 5,171 | ||||||||||
December 31, 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 | ||||||||||
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 by 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 September 30, 2014 and December 31, 2013. | ||||||||||||||||||
September 30, 2014 | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range (Average) | |||||||||||||||
Impaired loans | $ | 676 | Evaluation of collateral | Estimation of value | NM* | |||||||||||||
Other real estate owned | 4,495 | Appraisal | Appraisal adjustment | 0.0% - 20.0% (11.2%) | ||||||||||||||
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%) | ||||||||||||||
* 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 receivables, 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 included 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: The carrying amount approximates fair value. | ||||||||||||||||||
Investment securities held to maturity: The fair values of these securities, which are all state and political subdivisions, are determined by the same method described previously for investment securities available for sale. | ||||||||||||||||||
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. | ||||||||||||||||||
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, other short-term borrowings and variable rate long-term borrowings approximate their fair values. Fair values of FHLB advances, subordinated notes and other long-term borrowings are estimated using 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 includes the carrying amounts and approximate fair values of financial assets and liabilities as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||
Fair Value Hierarchy Level | Carrying Amount | Approximate Fair Value | Carrying Amount | Approximate Fair Value | ||||||||||||||
Financial assets: | ||||||||||||||||||
Cash and due from banks | Level 1 | $ | 34,480 | $ | 34,480 | $ | 41,126 | $ | 41,126 | |||||||||
Federal funds sold | Level 1 | 204 | 204 | 1,299 | 1,299 | |||||||||||||
Investment securities available for sale | See previous table | 287,913 | 287,913 | 345,216 | 345,216 | |||||||||||||
Investment securities held to maturity | Level 2 | 51,364 | 51,120 | — | — | |||||||||||||
Federal Home Loan Bank stock | Level 1 | 13,964 | 13,964 | 11,851 | 11,851 | |||||||||||||
Loans held for sale | Level 2 | 343 | 349 | 2,230 | 2,242 | |||||||||||||
Loans, net(1) | Level 2 | 1,069,732 | 1,081,584 | 977,929 | 990,811 | |||||||||||||
Accrued interest receivable | Level 1 | 4,549 | 4,549 | 4,007 | 4,007 | |||||||||||||
Interest rate swaps | See previous table | 1,103 | 1,103 | 3,415 | 3,415 | |||||||||||||
Financial liabilities: | ||||||||||||||||||
Deposits | Level 2 | 1,205,262 | 1,205,937 | 1,163,842 | 1,165,112 | |||||||||||||
Federal funds purchased | Level 1 | 3,870 | 3,870 | 16,622 | 16,622 | |||||||||||||
Other short-term borrowings | Level 1 | 40,000 | 40,000 | — | — | |||||||||||||
Accrued interest payable | Level 1 | 455 | 455 | 429 | 429 | |||||||||||||
Subordinated notes | Level 2 | 20,619 | 13,310 | 20,619 | 11,819 | |||||||||||||
Federal Home Loan Bank advances, net | Level 2 | 96,511 | 95,605 | 95,392 | 94,785 | |||||||||||||
Long-term debt | Level 2 | 13,491 | 13,380 | 15,935 | 16,112 | |||||||||||||
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 $676 and $1,270 as of September 30, 2014 and December 31, 2013, respectively, which are level 3. |
Comprehensive_Income_Notes
Comprehensive Income (Notes) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Comprehensive Income [Abstract] | ' | |||||||||||||||
Comprehensive Income [Text Block] | ' | |||||||||||||||
. Accumulated Other Comprehensive Income (Loss) | ||||||||||||||||
The following tables summarize the changes in the balances of each component of accumulated other comprehensive income (loss), net of tax, for the nine months ended September 30, 2014 and 2013. | ||||||||||||||||
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, 2013 | $ | (1,439 | ) | $ | (4,217 | ) | $ | 2,118 | $ | (3,538 | ) | |||||
Other comprehensive income (loss) before | ||||||||||||||||
reclassifications | 361 | 4,634 | (1,479 | ) | 3,516 | |||||||||||
Amounts reclassified from accumulated other | ||||||||||||||||
comprehensive income | — | (446 | ) | 45 | (401 | ) | ||||||||||
Net current period other comprehensive income (loss) | 361 | 4,188 | (1,434 | ) | 3,115 | |||||||||||
Balance, September 30, 2014 | $ | (1,078 | ) | $ | (29 | ) | $ | 684 | $ | (423 | ) | |||||
Balance, December 31, 2012 | $ | (1,759 | ) | $ | 4,146 | $ | (461 | ) | $ | 1,926 | ||||||
Other comprehensive income (loss) before | ||||||||||||||||
reclassifications | 290 | (7,573 | ) | 1,982 | (5,301 | ) | ||||||||||
Amounts reclassified from accumulated other | ||||||||||||||||
comprehensive income | — | — | — | — | ||||||||||||
Net current period other comprehensive income (loss) | 290 | (7,573 | ) | 1,982 | (5,301 | ) | ||||||||||
Balance, September 30, 2013 | $ | (1,469 | ) | $ | (3,427 | ) | $ | 1,521 | $ | (3,375 | ) | |||||
Deferred_Income_Taxes_Notes
Deferred Income Taxes (Notes) | 9 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Components of Deferred Tax Assets and Liabilities [Abstract] | ' | |||||||
Deferred Income Taxes [Text Block] | ' | |||||||
Deferred Income Taxes | ||||||||
Net deferred tax assets consisted of the following as of September 30, 2014 and December 31, 2013. | ||||||||
September 30, 2014 | December 31, 2013 | |||||||
Allowance for loan losses | $ | 5,071 | $ | 5,241 | ||||
Net unrealized losses on securities available for sale | 678 | 3,466 | ||||||
Investment security impairment | 106 | 106 | ||||||
Intangibles | 1,156 | 1,387 | ||||||
Other real estate owned | 1,016 | 1,572 | ||||||
Accrued expenses | 796 | 819 | ||||||
Restricted stock compensation | 116 | 140 | ||||||
State net operating loss carryforward | 825 | 647 | ||||||
Capital loss carryforward | 4,063 | 4,063 | ||||||
Other deferred tax assets | 44 | 56 | ||||||
Net deferred loan fees and costs | (333 | ) | (280 | ) | ||||
Net unrealized gains on interest rate swaps | (418 | ) | (1,297 | ) | ||||
Premises and equipment | (419 | ) | (559 | ) | ||||
Loans | — | (1,038 | ) | |||||
Other deferred tax liabilities | (339 | ) | (314 | ) | ||||
Net deferred tax assets before valuation allowance | 12,362 | 14,009 | ||||||
Valuation allowance | (4,994 | ) | (4,816 | ) | ||||
Net deferred tax assets | $ | 7,368 | $ | 9,193 | ||||
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 fully utilized. |
Commitments_and_Contingencies_
Commitments and Contingencies (Notes) | 9 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||
Commitments and Contingencies [Text Block] | ' | |||||||
Commitments and Contingencies | ||||||||
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 September 30, 2014 and December 31, 2013. | ||||||||
September 30, 2014 | December 31, 2013 | |||||||
Commitments to extend credit | $ | 469,749 | $ | 388,197 | ||||
Standby letters of credit | 14,654 | 3,546 | ||||||
$ | 484,403 | $ | 391,743 | |||||
West Bank has executed Mortgage Partnership Finance (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 September 30, 2014, 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 $476. | ||||||||
The Company has commitments to invest in four qualified affordable housing projects totaling $4,635 as of September 30, 2014. | ||||||||
On September 29, 2010, West Bank was sued in a class action lawsuit that, as amended, asserts nonsufficient funds fees charged by West Bank to Iowa resident customers on debit card transactions are usurious under the Iowa Consumer Credit Code, rather than allowable fees, and that the sequence in which West Bank formerly posted debit card transactions for payment violated various alleged duties of good faith and ordinary care. Plaintiffs are seeking alternative remedies that include injunctive relief, damages (including treble damages), punitive damages, refund of fees and attorney fees. West Bank believes it has substantial defenses and is vigorously defending the action. The trial court entered orders on preliminary motions on March 4, 2014. It dismissed one of the Plaintiffs’ claims and found that factual disputes precluded summary judgment in West Bank’s favor on the remaining claims. In addition, the court certified two classes for further proceedings. West Bank appealed the adverse rulings. The appeals should be decided sometime in 2015. The amount of potential loss, if any, cannot be reasonably estimated now because of the unresolved legal issues and because, among other things, the multiple alternative claims involve different time periods, burdens of proof, defenses and potential remedies. | ||||||||
Except as described above, neither the Company nor West Bank are parties to any other material pending legal proceedings, other than ordinary litigation incidental to West Bank's business, and no property of these entities is subject to any such proceeding. The Company does not know of any proceeding contemplated by a governmental authority against the Company or West Bank. |
Basis_of_Presentation_Policies
Basis of Presentation (Policies) | 9 Months Ended |
Sep. 30, 2014 | |
Basis of Presentation [Abstract] | ' |
Basis of Accounting, Policy [Policy Text Block] | ' |
The accompanying unaudited consolidated financial statements have been prepared by West Bancorporation, Inc. (the Company) pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements have been condensed or omitted pursuant to such rules and regulations. Although management believes that the disclosures are adequate to make the information presented understandable, it is suggested that these interim consolidated financial statements be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2013. In the opinion of management, the accompanying consolidated financial statements contain all adjustments necessary to fairly present the financial position as of September 30, 2014 and December 31, 2013, net income and comprehensive income for the three and nine months ended September 30, 2014 and 2013, and cash flows for the nine months ended September 30, 2014 and 2013. The results for these interim periods may not be indicative of results for the entire year or for any other period. | |
The consolidated financial statements have been prepared in conformity with U.S. 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. | |
Use of Estimates, Policy [Policy Text Block] | ' |
In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, 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 of financial instruments and other than temporary impairment (OTTI), the allowance for loan losses and the valuation of other real estate owned. | |
Consolidation, Policy [Policy Text Block] | ' |
The accompanying unaudited 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 limited liability company) and West Bank's 99.99 percent owned subsidiary ICD IV, LLC (a community development entity). ICD IV was liquidated during the third quarter of 2014 because the underlying loan matured. All significant intercompany transactions and balances have been eliminated in consolidation. In accordance with GAAP, West Bancorporation Capital Trust I is recorded on the books of the Company using the equity method of accounting and is not consolidated. | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
Recent accounting developments: In July 2013, the FASB issued Accounting Standards Update (ASU) 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 was effective for interim and annual periods beginning after December 31, 2013. The adoption of this guidance did not have a material impact on the Company's consolidated financial statements. | |
In January 2014, the FASB issued ASU 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. | |
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 660): Summary and Amendments that Create Revenue from Contracts with Customers (Topic 606) and Other Assets and Deferred Costs—Contracts with Customers (Subtopic 340-40). The guidance in this update supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition, and most industry-specific guidance throughout the industry topics of the codification. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2016. The Company is currently assessing the impact that this guidance will have on its consolidated financial statements, but does not expect the guidance to have a material impact on the Company's consolidated financial statements. | |
Earnings Per Share, Policy [Policy Text Block] | ' |
Basic earnings per common share are computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per common share reflect the potential dilution that could occur if the Company's outstanding restricted stock units were vested. The dilutive effect was computed using the treasury stock method, which assumes all stock-based awards were exercised and the hypothetical proceeds from exercise were used by the Company to purchase common stock at the average market price during the period. The incremental shares, to the extent they would have been dilutive, were included in the denominator of the diluted earnings per common share calculation. | |
Loans and Leases Receivable, Origination Fees, Discounts or Premiums, and Direct Costs to Acquire Loans Policy [Policy Text Block] | ' |
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 above and are analyzed by management on this basis. | |
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 a loan is 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 a troubled debt restructured (TDR) loan when the Company concludes that a borrower is experiencing financial difficulties and a concession was granted that would not otherwise be considered. Concessions may include a restructuring of the loan terms to alleviate the burden on 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 the Company's classification criteria. These loans involve the potential for payment defaults or collateral inadequacies. A loan on the Watch List is considered impaired when management believes it is probable that 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] | ' |
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 the current economic conditions that may affect the borrower's ability to pay. While management uses the best information available to make its evaluation, 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 an integral part 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. | |
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 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 the nine months ended September 30, 2014. | |
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 a trust preferred security. 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 believes 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 has 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 derivatives are 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: The carrying amount approximates fair value. | |
Investment securities held to maturity: The fair values of these securities, which are all state and political subdivisions, are determined by the same method described previously for investment securities available for sale. | |
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. | |
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, other short-term borrowings and variable rate long-term borrowings approximate their fair values. Fair values of FHLB advances, subordinated notes and other long-term borrowings are estimated using 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. | |
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. |
Earnings_Per_Common_Share_Tabl
Earnings Per Common Share (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Earnings per Common Share [Abstract] | ' | |||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | |||||||||||||||
The calculations of earnings per common share and diluted earnings per common share for the three and nine months ended September 30, 2014 and 2013 are presented in the following table. | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(in thousands, except per share information) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Net income | $ | 5,063 | $ | 4,363 | $ | 14,202 | $ | 12,609 | ||||||||
Weighted average common shares outstanding(1) | 16,016 | 15,973 | 15,999 | 16,786 | ||||||||||||
Weighted average effect of restricted stock units | ||||||||||||||||
outstanding | 24 | 42 | 39 | 44 | ||||||||||||
Diluted weighted average common shares outstanding | 16,040 | 16,015 | 16,038 | 16,830 | ||||||||||||
Basic earnings per common share | $ | 0.32 | $ | 0.27 | $ | 0.89 | $ | 0.75 | ||||||||
Diluted earnings per common share | $ | 0.32 | $ | 0.27 | $ | 0.89 | $ | 0.75 | ||||||||
-1 | The decline in the average weighted average common shares outstanding for the nine months ended September 30, 2013 was due to the repurchase of 1,441 common shares in June 2013. |
Investment_Securities_Tables
Investment Securities (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | |||||||||||||||||||||||
Unrealized Gain (Loss) on Investments [Table Text Block] | ' | |||||||||||||||||||||||
following tables show the amortized cost, gross unrealized gains and losses and estimated fair value of investment securities, by investment security type as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | |||||||||||||||||||||
Gains | (Losses) | |||||||||||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||
U.S. government agencies and corporations | $ | 12,639 | $ | 223 | $ | (1 | ) | $ | 12,861 | |||||||||||||||
State and political subdivisions | 53,248 | 1,312 | (343 | ) | 54,217 | |||||||||||||||||||
Collateralized mortgage obligations (1) | 134,573 | 1,169 | (1,772 | ) | 133,970 | |||||||||||||||||||
Mortgage-backed securities (1) | 69,043 | 453 | (623 | ) | 68,873 | |||||||||||||||||||
Trust preferred securities | 5,931 | — | (2,588 | ) | 3,343 | |||||||||||||||||||
Corporate notes and equity securities | 14,750 | 69 | (170 | ) | 14,649 | |||||||||||||||||||
$ | 290,184 | $ | 3,226 | $ | (5,497 | ) | $ | 287,913 | ||||||||||||||||
Securities held to maturity: | ||||||||||||||||||||||||
State and political subdivisions | $ | 51,364 | $ | 9 | $ | (253 | ) | $ | 51,120 | |||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | |||||||||||||||||||||
Gains | (Losses) | |||||||||||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||
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 | ||||||||||||||||
-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 September 30, 2014, by contractual maturity, are shown below. Certain securities have call features that allow the issuer to call the securities prior to maturity. Expected maturities may differ from contractual maturities for collateralized mortgage obligations and mortgage-backed securities because borrowers 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 within the following maturity summary. | ||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||
Amortized Cost | Fair Value | |||||||||||||||||||||||
Due in one year or less | $ | 25 | $ | 25 | ||||||||||||||||||||
Due after one year through five years | 32,101 | 32,620 | ||||||||||||||||||||||
Due after five years through ten years | 18,910 | 19,327 | ||||||||||||||||||||||
Due after ten years | 34,048 | 31,751 | ||||||||||||||||||||||
85,084 | 83,723 | |||||||||||||||||||||||
Collateralized mortgage obligations and mortgage-backed securities | 203,616 | 202,843 | ||||||||||||||||||||||
Equity securities | 1,484 | 1,347 | ||||||||||||||||||||||
$ | 290,184 | $ | 287,913 | |||||||||||||||||||||
The amortized cost and fair value of investment securities held to maturity as of September 30, 2014, by contractual maturity, are shown below. Certain securities have call features that allow the issuer to call the securities prior to maturity. | ||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||
Amortized Cost | Fair Value | |||||||||||||||||||||||
Due after five years through ten years | $ | 8,432 | $ | 8,377 | ||||||||||||||||||||
Due after ten years | 42,932 | 42,743 | ||||||||||||||||||||||
$ | 51,364 | $ | 51,120 | |||||||||||||||||||||
Schedule of Realized Gain (Loss) [Table Text Block] | ' | |||||||||||||||||||||||
The details of the sales of investment securities for the three and nine months ended September 30, 2014 and 2013 are summarized in the following table. | ||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Proceeds from sales | $ | 7,344 | $ | — | $ | 36,582 | $ | — | ||||||||||||||||
Gross gains on sales | 334 | — | 1,050 | — | ||||||||||||||||||||
Gross losses on sales | 124 | — | 334 | — | ||||||||||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | |||||||||||||||||||||||
The following tables show the fair value and gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous loss position, as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | ||||||||||||||||||||||
Fair | Gross | Fair | Gross | Fair | Gross | |||||||||||||||||||
Value | Unrealized | Value | Unrealized | Value | Unrealized | |||||||||||||||||||
(Losses) | (Losses) | (Losses) | ||||||||||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||
U.S. government agencies and corporations | $ | 5,058 | $ | (1 | ) | $ | — | $ | — | $ | 5,058 | $ | (1 | ) | ||||||||||
State and political subdivisions | 10,068 | (101 | ) | 11,452 | (242 | ) | 21,520 | (343 | ) | |||||||||||||||
Collateralized mortgage obligations | 16,041 | (95 | ) | 64,482 | (1,677 | ) | 80,523 | (1,772 | ) | |||||||||||||||
Mortgage-backed securities | — | — | 33,174 | (623 | ) | 33,174 | (623 | ) | ||||||||||||||||
Trust preferred securities | — | — | 3,343 | (2,588 | ) | 3,343 | (2,588 | ) | ||||||||||||||||
Corporate notes and equity securities | 5,007 | (20 | ) | 2,833 | (150 | ) | 7,840 | (170 | ) | |||||||||||||||
$ | 36,174 | $ | (217 | ) | $ | 115,284 | $ | (5,280 | ) | $ | 151,458 | $ | (5,497 | ) | ||||||||||
Securities held to maturity: | ||||||||||||||||||||||||
State and political subdivisions | $ | 46,828 | $ | (253 | ) | $ | — | $ | — | $ | 46,828 | $ | (253 | ) | ||||||||||
December 31, 2013 | ||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | ||||||||||||||||||||||
Fair | Gross | Fair | Gross | Fair | Gross | |||||||||||||||||||
Value | Unrealized | Value | Unrealized | Value | Unrealized | |||||||||||||||||||
(Losses) | (Losses) | (Losses) | ||||||||||||||||||||||
Securities available for sale: | ||||||||||||||||||||||||
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 | ) | ||||||||||
Loans_and_Allowance_for_Loan_L1
Loans and Allowance for Loan Losses (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses [Abstract] | ' | |||||||||||||||||||||||||||||||
Schedule of Loans [Table Text Block] | ' | |||||||||||||||||||||||||||||||
Loans consisted of the following segments as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||
Commercial | $ | 290,778 | $ | 258,010 | ||||||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||||||
Construction, land and land development | 141,686 | 117,394 | ||||||||||||||||||||||||||||||
1-4 family residential first mortgages | 51,643 | 50,349 | ||||||||||||||||||||||||||||||
Home equity | 23,179 | 25,205 | ||||||||||||||||||||||||||||||
Commercial | 565,773 | 532,139 | ||||||||||||||||||||||||||||||
Consumer and other loans | 10,513 | 9,236 | ||||||||||||||||||||||||||||||
1,083,572 | 992,333 | |||||||||||||||||||||||||||||||
Net unamortized fees and costs | (495 | ) | (613 | ) | ||||||||||||||||||||||||||||
$ | 1,083,077 | $ | 991,720 | |||||||||||||||||||||||||||||
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 September 30, 2014 and December 31, 2013. 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. | ||||||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||
Nonaccrual loans: | ||||||||||||||||||||||||||||||||
Commercial | $ | 614 | $ | 882 | ||||||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||||||
Construction, land and land development | — | — | ||||||||||||||||||||||||||||||
1-4 family residential first mortgages | 240 | 846 | ||||||||||||||||||||||||||||||
Home equity | 320 | — | ||||||||||||||||||||||||||||||
Commercial | 762 | 670 | ||||||||||||||||||||||||||||||
Consumer and other loans | — | — | ||||||||||||||||||||||||||||||
Total nonaccrual loans | 1,936 | 2,398 | ||||||||||||||||||||||||||||||
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 | — | — | ||||||||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||||||
Construction, land and land development | 389 | 424 | ||||||||||||||||||||||||||||||
1-4 family residential first mortgages | — | — | ||||||||||||||||||||||||||||||
Home equity | — | — | ||||||||||||||||||||||||||||||
Commercial | — | 93 | ||||||||||||||||||||||||||||||
Consumer and other loans | — | — | ||||||||||||||||||||||||||||||
Total troubled debt restructured loans | 389 | 517 | ||||||||||||||||||||||||||||||
Total nonperforming loans | $ | 2,325 | $ | 2,915 | ||||||||||||||||||||||||||||
-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. There were two TDR loans as of September 30, 2014 and one TDR loan as of December 31, 2013, with balances of $672 and $670, respectively, included in the nonaccrual category. | |||||||||||||||||||||||||||||||
Impaired Loans [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 September 30, 2014 and December 31, 2013, and the average recorded investment and interest income recognized on these loans for the three and nine months ended September 30, 2014 and 2013. | ||||||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Recorded Investment | Unpaid Principal Balance | Related Allowance | |||||||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||||||||||
Commercial | $ | 164 | $ | 310 | $ | — | $ | 200 | $ | 345 | $ | — | ||||||||||||||||||||
Real Estate: | ||||||||||||||||||||||||||||||||
Construction, land and land development | 390 | 992 | — | 423 | 1,025 | — | ||||||||||||||||||||||||||
1-4 family residential first mortgages | 240 | 240 | — | 527 | 536 | — | ||||||||||||||||||||||||||
Home equity | 87 | 87 | — | — | — | — | ||||||||||||||||||||||||||
Commercial | 585 | 585 | — | 763 | 763 | — | ||||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | — | ||||||||||||||||||||||||||
1,466 | 2,214 | — | 1,913 | 2,669 | — | |||||||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||||||||
Commercial | 561 | 561 | 413 | 807 | 807 | 560 | ||||||||||||||||||||||||||
Real Estate: | ||||||||||||||||||||||||||||||||
Construction, land and land development | 1,028 | 1,028 | 500 | 2,037 | 2,037 | 1,300 | ||||||||||||||||||||||||||
1-4 family residential first mortgages | — | — | — | 319 | 319 | 33 | ||||||||||||||||||||||||||
Home equity | 232 | 232 | 232 | — | — | — | ||||||||||||||||||||||||||
Commercial | 177 | 177 | 177 | — | — | — | ||||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | — | ||||||||||||||||||||||||||
1,998 | 1,998 | 1,322 | 3,163 | 3,163 | 1,893 | |||||||||||||||||||||||||||
Total: | ||||||||||||||||||||||||||||||||
Commercial | 725 | 871 | 413 | 1,007 | 1,152 | 560 | ||||||||||||||||||||||||||
Real Estate: | ||||||||||||||||||||||||||||||||
Construction, land and land development | 1,418 | 2,020 | 500 | 2,460 | 3,062 | 1,300 | ||||||||||||||||||||||||||
1-4 family residential first mortgages | 240 | 240 | — | 846 | 855 | 33 | ||||||||||||||||||||||||||
Home equity | 319 | 319 | 232 | — | — | — | ||||||||||||||||||||||||||
Commercial | 762 | 762 | 177 | 763 | 763 | — | ||||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | — | ||||||||||||||||||||||||||
$ | 3,464 | $ | 4,212 | $ | 1,322 | $ | 5,076 | $ | 5,832 | $ | 1,893 | |||||||||||||||||||||
Schedule of Impaired Loans With and Without an Allowance [Table Text Block] | ' | |||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||||
Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | |||||||||||||||||||||||||
With no related allowance | ||||||||||||||||||||||||||||||||
recorded: | ||||||||||||||||||||||||||||||||
Commercial | $ | 165 | $ | — | $ | 355 | $ | — | $ | 303 | $ | — | $ | 244 | $ | 9 | ||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||||||
Construction, land and land | ||||||||||||||||||||||||||||||||
development | 394 | 3 | 437 | 4 | 403 | 11 | 1,791 | 13 | ||||||||||||||||||||||||
1-4 family residential first | ||||||||||||||||||||||||||||||||
mortgages | 302 | — | 510 | — | 378 | 7 | 594 | 1 | ||||||||||||||||||||||||
Home equity | 22 | — | 2 | — | 9 | — | 1 | — | ||||||||||||||||||||||||
Commercial | 663 | — | 1,854 | 2 | 708 | 3 | 1,962 | 5 | ||||||||||||||||||||||||
Consumer and other loans | — | — | 16 | — | — | — | 6 | — | ||||||||||||||||||||||||
1,546 | 3 | 3,174 | 6 | 1,801 | 21 | 4,598 | 28 | |||||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||||||||
Commercial | 573 | 2 | 4,063 | — | 566 | 7 | 3,838 | 82 | ||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||||||
Construction, land and land | ||||||||||||||||||||||||||||||||
development | 1,150 | 13 | 2,629 | 34 | 1,562 | 54 | 3,667 | 138 | ||||||||||||||||||||||||
1-4 family residential first | ||||||||||||||||||||||||||||||||
mortgages | — | — | 292 | 3 | 187 | — | 137 | 8 | ||||||||||||||||||||||||
Home equity | 236 | — | 108 | — | 94 | — | 311 | 11 | ||||||||||||||||||||||||
Commercial | 44 | — | 241 | — | 18 | — | 1,037 | 44 | ||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||
2,003 | 15 | 7,333 | 37 | 2,427 | 61 | 8,990 | 283 | |||||||||||||||||||||||||
Total: | ||||||||||||||||||||||||||||||||
Commercial | 738 | 2 | 4,418 | — | 869 | 7 | 4,082 | 91 | ||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||||||
Construction, land and land | ||||||||||||||||||||||||||||||||
development | 1,544 | 16 | 3,066 | 38 | 1,965 | 65 | 5,458 | 151 | ||||||||||||||||||||||||
1-4 family residential first | ||||||||||||||||||||||||||||||||
mortgages | 302 | — | 802 | 3 | 565 | 7 | 731 | 9 | ||||||||||||||||||||||||
Home equity | 258 | — | 110 | — | 103 | — | 312 | 11 | ||||||||||||||||||||||||
Commercial | 707 | — | 2,095 | 2 | 726 | 3 | 2,999 | 49 | ||||||||||||||||||||||||
Consumer and other loans | — | — | 16 | — | — | — | 6 | — | ||||||||||||||||||||||||
$ | 3,549 | $ | 18 | $ | 10,507 | $ | 43 | $ | 4,228 | $ | 82 | $ | 13,588 | $ | 311 | |||||||||||||||||
Reconciliation of Nonaccrual Loans with Impaired Loans [Table Text Block] | ' | |||||||||||||||||||||||||||||||
The following table reconciles the balance of nonaccrual loans with impaired loans as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||
Nonaccrual loans | $ | 1,936 | $ | 2,398 | ||||||||||||||||||||||||||||
Troubled debt restructured loans | 389 | 517 | ||||||||||||||||||||||||||||||
Other impaired loans still accruing interest | 1,139 | 2,161 | ||||||||||||||||||||||||||||||
Total impaired loans | $ | 3,464 | $ | 5,076 | ||||||||||||||||||||||||||||
Past Due Loans [Table Text Block] | ' | |||||||||||||||||||||||||||||||
The following tables provide an analysis of the payment status of the recorded investment in loans as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||
30-59 | 60-89 | 90 Days | Total | Current | Total | 90 Days | ||||||||||||||||||||||||||
Days Past | Days Past | or More | Past Due | Loans | Past Due and Still | |||||||||||||||||||||||||||
Due | Due | Past Due | Accruing | |||||||||||||||||||||||||||||
Commercial | $ | 227 | $ | — | $ | 123 | $ | 350 | $ | 290,428 | $ | 290,778 | $ | — | ||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||||||
Construction, land and | ||||||||||||||||||||||||||||||||
land development | — | — | — | — | 141,686 | 141,686 | — | |||||||||||||||||||||||||
1-4 family residential | ||||||||||||||||||||||||||||||||
first mortgages | 172 | 177 | — | 349 | 51,294 | 51,643 | — | |||||||||||||||||||||||||
Home equity | — | — | — | — | 23,179 | 23,179 | — | |||||||||||||||||||||||||
Commercial | — | 177 | — | 177 | 565,596 | 565,773 | — | |||||||||||||||||||||||||
Consumer and other | — | — | — | — | 10,513 | 10,513 | — | |||||||||||||||||||||||||
Total | $ | 399 | $ | 354 | $ | 123 | $ | 876 | $ | 1,082,696 | $ | 1,083,572 | $ | — | ||||||||||||||||||
Nonaccrual loans included | ||||||||||||||||||||||||||||||||
above | $ | 146 | $ | 354 | $ | 123 | $ | 623 | $ | 1,313 | $ | 1,936 | ||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||
30-59 | 60-89 | 90 Days | Total | Current | Total | 90 Days | ||||||||||||||||||||||||||
Days Past | Days Past | or More | Past Due | Loans | Past Due and Still | |||||||||||||||||||||||||||
Due | Due | Past Due | Accruing | |||||||||||||||||||||||||||||
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 | ||||||||||||||||||||
Loan Credit Quality Indicators [Table Text Block] | ' | |||||||||||||||||||||||||||||||
The following tables show the recorded investment in loans by credit quality indicator and loan segment as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||
Pass | Watch | Substandard | Doubtful | Total | ||||||||||||||||||||||||||||
Commercial | $ | 282,488 | $ | 7,046 | $ | 1,244 | $ | — | $ | 290,778 | ||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||||||
Construction, land and land development | 131,397 | 8,871 | 1,418 | — | 141,686 | |||||||||||||||||||||||||||
1-4 family residential first mortgages | 50,705 | 568 | 370 | — | 51,643 | |||||||||||||||||||||||||||
Home equity | 22,699 | 64 | 416 | — | 23,179 | |||||||||||||||||||||||||||
Commercial | 553,009 | 9,301 | 3,463 | — | 565,773 | |||||||||||||||||||||||||||
Consumer and other | 10,513 | — | — | — | 10,513 | |||||||||||||||||||||||||||
Total | $ | 1,050,811 | $ | 25,850 | $ | 6,911 | $ | — | $ | 1,083,572 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
Allowance for Loan Losses [Table Text Block] | ' | |||||||||||||||||||||||||||||||
The following tables detail the changes in the allowance for loan losses by segment for the three and nine months ended September 30, 2014 and 2013. | ||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | ||||||||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | ||||||||||||||||||||||||||
Beginning balance | $ | 3,898 | $ | 2,540 | $ | 553 | $ | 563 | $ | 5,609 | $ | 50 | $ | 13,213 | ||||||||||||||||||
Charge-offs | — | — | (10 | ) | (60 | ) | — | — | (70 | ) | ||||||||||||||||||||||
Recoveries | 35 | — | 2 | 56 | 7 | 2 | 102 | |||||||||||||||||||||||||
Provision (1) | 347 | (189 | ) | 66 | (18 | ) | (107 | ) | 1 | 100 | ||||||||||||||||||||||
Ending balance | $ | 4,280 | $ | 2,351 | $ | 611 | $ | 541 | $ | 5,509 | $ | 53 | $ | 13,345 | ||||||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | ||||||||||||||||||||||||||
Beginning balance | $ | 4,108 | $ | 3,933 | $ | 663 | $ | 441 | $ | 6,780 | $ | 34 | $ | 15,959 | ||||||||||||||||||
Charge-offs | (315 | ) | — | (10 | ) | — | — | (31 | ) | (356 | ) | |||||||||||||||||||||
Recoveries | 34 | — | 3 | 99 | — | 2 | 138 | |||||||||||||||||||||||||
Provision (1) | 369 | (158 | ) | (38 | ) | (171 | ) | (1,032 | ) | 30 | (1,000 | ) | ||||||||||||||||||||
Ending balance | $ | 4,196 | $ | 3,775 | $ | 618 | $ | 369 | $ | 5,748 | $ | 35 | $ | 14,741 | ||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | ||||||||||||||||||||||||||
Beginning balance | $ | 4,199 | $ | 3,032 | $ | 613 | $ | 403 | $ | 5,485 | $ | 59 | $ | 13,791 | ||||||||||||||||||
Charge-offs | (577 | ) | — | (73 | ) | (123 | ) | (112 | ) | — | (885 | ) | ||||||||||||||||||||
Recoveries | 87 | 8 | 4 | 80 | 7 | 3 | 189 | |||||||||||||||||||||||||
Provision (1) | 571 | (689 | ) | 67 | 181 | 129 | (9 | ) | 250 | |||||||||||||||||||||||
Ending balance | $ | 4,280 | $ | 2,351 | $ | 611 | $ | 541 | $ | 5,509 | $ | 53 | $ | 13,345 | ||||||||||||||||||
Nine Months Ended September 30, 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 | (514 | ) | — | (40 | ) | (5 | ) | — | (32 | ) | (591 | ) | ||||||||||||||||||||
Recoveries | 254 | 42 | 121 | 212 | 2 | 22 | 653 | |||||||||||||||||||||||||
Provision (1) | 340 | (883 | ) | (100 | ) | (406 | ) | 182 | 17 | (850 | ) | |||||||||||||||||||||
Ending balance | $ | 4,196 | $ | 3,775 | $ | 618 | $ | 369 | $ | 5,748 | $ | 35 | $ | 14,741 | ||||||||||||||||||
-1 | The negative provisions for the various segments are related to either 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 Losses 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 September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | ||||||||||||||||||||||||||
Ending balance: | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 413 | $ | 500 | $ | — | $ | 232 | $ | 177 | $ | — | $ | 1,322 | ||||||||||||||||||
Collectively evaluated for impairment | 3,867 | 1,851 | 611 | 309 | 5,332 | 53 | 12,023 | |||||||||||||||||||||||||
Total | $ | 4,280 | $ | 2,351 | $ | 611 | $ | 541 | $ | 5,509 | $ | 53 | $ | 13,345 | ||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||
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 September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||||||||
Commercial | Construction and Land | 1-4 Family Residential | Home Equity | Commercial | Consumer and Other | Total | ||||||||||||||||||||||||||
Ending balance: | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 725 | $ | 1,418 | $ | 239 | $ | 320 | $ | 762 | $ | — | $ | 3,464 | ||||||||||||||||||
Collectively evaluated for impairment | 290,053 | 140,268 | 51,404 | 22,859 | 565,011 | 10,513 | 1,080,108 | |||||||||||||||||||||||||
Total | $ | 290,778 | $ | 141,686 | $ | 51,643 | $ | 23,179 | $ | 565,773 | $ | 10,513 | $ | 1,083,572 | ||||||||||||||||||
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 | ||||||||||||||||||
Derivatives_Tables
Derivatives (Tables) | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||
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 September 30, 2014 and December 31, 2013. | ||||||||||||||||||||
September 30, 2014 | Notional | Fair Value | Balance Sheet | Receive Rate | Pay Rate | Maturity | ||||||||||||||
Amount | Category | |||||||||||||||||||
Interest rate swap | -1 | $ | 25,000 | $ | 275 | Other Assets | 0.52 | % | 2.1 | % | 12/23/19 | |||||||||
Interest rate swap | -2 | 25,000 | 355 | Other Assets | 0.54 | % | 2.34 | % | 6/22/20 | |||||||||||
Interest rate swap | -3 | 30,000 | 473 | Other Assets | 0.54 | % | 2.52 | % | 9/21/20 | |||||||||||
December 31, 2013 | Notional | Fair Value | Balance Sheet | Receive Rate | Pay Rate | Maturity | ||||||||||||||
Amount | Category | |||||||||||||||||||
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 | |||||||||||
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] | ' | |||||||||||||||||||
The following tables identify the pre-tax gains (losses) recognized on the Company's derivative instruments designated as cash flow hedges for the nine months ended September 30, 2014 and 2013. | ||||||||||||||||||||
Nine Months Ended September 30, 2014 | ||||||||||||||||||||
Effective Portion | Ineffective Portion | |||||||||||||||||||
Amount of | Reclassified from AOCI into | Recognized in Income on | ||||||||||||||||||
Pre-tax (Loss) | Income | Derivatives | ||||||||||||||||||
Recognized in | Amount of | Amount of | ||||||||||||||||||
OCI | Category | Gain (Loss) | Category | Gain (Loss) | ||||||||||||||||
Interest rate swap | -1 | $ | (545 | ) | Interest Expense | $ | — | Other Income | $ | — | ||||||||||
Interest rate swap | -2 | (647 | ) | Interest Expense | — | Other Income | — | |||||||||||||
Interest rate swap | -3 | (843 | ) | Interest Expense | — | Other Income | — | |||||||||||||
Interest rate swap | -4 | (277 | ) | Interest Expense | (73 | ) | Other Income | — | ||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||
Effective Portion | Ineffective Portion | |||||||||||||||||||
Amount of | Reclassified from AOCI into | Recognized in Income on | ||||||||||||||||||
Pre-tax Gain | Income | Derivatives | ||||||||||||||||||
Recognized in | Amount of | Amount of | ||||||||||||||||||
OCI | Category | Gain (Loss) | Category | Gain (Loss) | ||||||||||||||||
Interest rate swap | -1 | $ | 841 | Interest Expense | $ | — | Other Income | $ | — | |||||||||||
Interest rate swap | -2 | 973 | Interest Expense | — | Other Income | — | ||||||||||||||
Interest rate swap | -3 | 1,228 | Interest Expense | — | Other Income | — | ||||||||||||||
Interest rate swap | -4 | 154 | Interest Expense | — | Other Income | — | ||||||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||
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 September 30, 2014 and December 31, 2013. | ||||||||||||||||||
September 30, 2014 | ||||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Investment securities available for sale: | ||||||||||||||||||
U.S. government agencies and corporations | $ | 12,861 | $ | — | $ | 12,861 | $ | — | ||||||||||
State and political subdivisions | 54,217 | — | 54,217 | — | ||||||||||||||
Collateralized mortgage obligations | 133,970 | — | 133,970 | — | ||||||||||||||
Mortgage-backed securities | 68,873 | — | 68,873 | — | ||||||||||||||
Trust preferred securities | 3,343 | — | 910 | 2,433 | ||||||||||||||
Corporate notes and equity securities | 14,649 | 14,349 | 300 | — | ||||||||||||||
Total investment securities available for sale | 287,913 | 14,349 | 271,131 | 2,433 | ||||||||||||||
Derivative instruments: | ||||||||||||||||||
Interest rate swaps | 1,103 | — | 1,103 | — | ||||||||||||||
Total assets measured at fair value on a recurring basis | $ | 289,016 | $ | 14,349 | $ | 272,234 | $ | 2,433 | ||||||||||
December 31, 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 | ||||||||||
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 three and nine months ended September 30, 2014 and 2013. The activity in the table consists of one pooled TPS (ALESCO Preferred Funding X, Ltd.), which is considered to have OTTI. | ||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
Beginning balance | $ | 2,207 | $ | 1,616 | $ | 1,850 | $ | 1,334 | ||||||||||
Transfer into level 3 | — | — | — | — | ||||||||||||||
Total gains: | ||||||||||||||||||
Included in earnings | — | — | — | — | ||||||||||||||
Included in other comprehensive income | 226 | 186 | 583 | 468 | ||||||||||||||
Sale of security | — | — | — | — | ||||||||||||||
Principal payments | — | — | — | — | ||||||||||||||
Ending balance | $ | 2,433 | $ | 1,802 | $ | 2,433 | $ | 1,802 | ||||||||||
Fair Value Inputs, Assets, Quantitative Information [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 September 30, 2014 and 2013. | ||||||||||||||||||
September 30, 2014 | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range (Average) | |||||||||||||||
ALESCO Preferred Funding X, Ltd. | $ | 2,433 | Discounted cash flow | Discount rate | NA (14.0%) | |||||||||||||
Prepayment rate | 0.0% - 75.0% (5.0%) | |||||||||||||||||
Probability of default | 1.7% - 100.0% (16.1%) | |||||||||||||||||
Expected losses on | 20.0% - 100.0% (88.5%) | |||||||||||||||||
defaulted collateral | ||||||||||||||||||
Recovery probabilities | 0.0% - 75.0% (26.1%) | |||||||||||||||||
for deferring collateral | ||||||||||||||||||
December 31, 2013 | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range (Average) | |||||||||||||||
ALESCO Preferred Funding X, Ltd. | $ | 1,850 | Discounted cash flow | Discount rate | NA (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 | ||||||||||||||||||
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 September 30, 2014 and December 31, 2013. | ||||||||||||||||||
September 30, 2014 | ||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range (Average) | |||||||||||||||
Impaired loans | $ | 676 | Evaluation of collateral | Estimation of value | NM* | |||||||||||||
Other real estate owned | 4,495 | Appraisal | Appraisal adjustment | 0.0% - 20.0% (11.2%) | ||||||||||||||
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%) | ||||||||||||||
* 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 receivables, 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 included 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 Measurements, Nonrecurring [Table Text Block] | ' | |||||||||||||||||
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 September 30, 2014 and December 31, 2013. | ||||||||||||||||||
September 30, 2014 | ||||||||||||||||||
Description | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
Assets: | ||||||||||||||||||
Impaired loans | $ | 676 | $ | — | $ | — | $ | 676 | ||||||||||
Other real estate owned | 4,495 | — | — | 4,495 | ||||||||||||||
Total | $ | 5,171 | $ | — | $ | — | $ | 5,171 | ||||||||||
December 31, 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 | ||||||||||
Carrying Amounts And Approximate Fair Values Of Financial Instruments [Table Text Block] | ' | |||||||||||||||||
The following table includes the carrying amounts and approximate fair values of financial assets and liabilities as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||
Fair Value Hierarchy Level | Carrying Amount | Approximate Fair Value | Carrying Amount | Approximate Fair Value | ||||||||||||||
Financial assets: | ||||||||||||||||||
Cash and due from banks | Level 1 | $ | 34,480 | $ | 34,480 | $ | 41,126 | $ | 41,126 | |||||||||
Federal funds sold | Level 1 | 204 | 204 | 1,299 | 1,299 | |||||||||||||
Investment securities available for sale | See previous table | 287,913 | 287,913 | 345,216 | 345,216 | |||||||||||||
Investment securities held to maturity | Level 2 | 51,364 | 51,120 | — | — | |||||||||||||
Federal Home Loan Bank stock | Level 1 | 13,964 | 13,964 | 11,851 | 11,851 | |||||||||||||
Loans held for sale | Level 2 | 343 | 349 | 2,230 | 2,242 | |||||||||||||
Loans, net(1) | Level 2 | 1,069,732 | 1,081,584 | 977,929 | 990,811 | |||||||||||||
Accrued interest receivable | Level 1 | 4,549 | 4,549 | 4,007 | 4,007 | |||||||||||||
Interest rate swaps | See previous table | 1,103 | 1,103 | 3,415 | 3,415 | |||||||||||||
Financial liabilities: | ||||||||||||||||||
Deposits | Level 2 | 1,205,262 | 1,205,937 | 1,163,842 | 1,165,112 | |||||||||||||
Federal funds purchased | Level 1 | 3,870 | 3,870 | 16,622 | 16,622 | |||||||||||||
Other short-term borrowings | Level 1 | 40,000 | 40,000 | — | — | |||||||||||||
Accrued interest payable | Level 1 | 455 | 455 | 429 | 429 | |||||||||||||
Subordinated notes | Level 2 | 20,619 | 13,310 | 20,619 | 11,819 | |||||||||||||
Federal Home Loan Bank advances, net | Level 2 | 96,511 | 95,605 | 95,392 | 94,785 | |||||||||||||
Long-term debt | Level 2 | 13,491 | 13,380 | 15,935 | 16,112 | |||||||||||||
Off-balance-sheet financial instruments: | ||||||||||||||||||
Commitments to extend credit | Level 3 | — | — | — | — | |||||||||||||
Standby letters of credit | Level 3 | — | — | — | — | |||||||||||||
Comprehensive_Income_Tables
Comprehensive Income (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Comprehensive Income [Abstract] | ' | |||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||||||||
The following tables summarize the changes in the balances of each component of accumulated other comprehensive income (loss), net of tax, for the nine months ended September 30, 2014 and 2013. | ||||||||||||||||
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, 2013 | $ | (1,439 | ) | $ | (4,217 | ) | $ | 2,118 | $ | (3,538 | ) | |||||
Other comprehensive income (loss) before | ||||||||||||||||
reclassifications | 361 | 4,634 | (1,479 | ) | 3,516 | |||||||||||
Amounts reclassified from accumulated other | ||||||||||||||||
comprehensive income | — | (446 | ) | 45 | (401 | ) | ||||||||||
Net current period other comprehensive income (loss) | 361 | 4,188 | (1,434 | ) | 3,115 | |||||||||||
Balance, September 30, 2014 | $ | (1,078 | ) | $ | (29 | ) | $ | 684 | $ | (423 | ) | |||||
Balance, December 31, 2012 | $ | (1,759 | ) | $ | 4,146 | $ | (461 | ) | $ | 1,926 | ||||||
Other comprehensive income (loss) before | ||||||||||||||||
reclassifications | 290 | (7,573 | ) | 1,982 | (5,301 | ) | ||||||||||
Amounts reclassified from accumulated other | ||||||||||||||||
comprehensive income | — | — | — | — | ||||||||||||
Net current period other comprehensive income (loss) | 290 | (7,573 | ) | 1,982 | (5,301 | ) | ||||||||||
Balance, September 30, 2013 | $ | (1,469 | ) | $ | (3,427 | ) | $ | 1,521 | $ | (3,375 | ) | |||||
Deferred_Income_Taxes_Tables
Deferred Income Taxes (Tables) | 9 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Components of Deferred Tax Assets and Liabilities [Abstract] | ' | |||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | |||||||
Net deferred tax assets consisted of the following as of September 30, 2014 and December 31, 2013. | ||||||||
September 30, 2014 | December 31, 2013 | |||||||
Allowance for loan losses | $ | 5,071 | $ | 5,241 | ||||
Net unrealized losses on securities available for sale | 678 | 3,466 | ||||||
Investment security impairment | 106 | 106 | ||||||
Intangibles | 1,156 | 1,387 | ||||||
Other real estate owned | 1,016 | 1,572 | ||||||
Accrued expenses | 796 | 819 | ||||||
Restricted stock compensation | 116 | 140 | ||||||
State net operating loss carryforward | 825 | 647 | ||||||
Capital loss carryforward | 4,063 | 4,063 | ||||||
Other deferred tax assets | 44 | 56 | ||||||
Net deferred loan fees and costs | (333 | ) | (280 | ) | ||||
Net unrealized gains on interest rate swaps | (418 | ) | (1,297 | ) | ||||
Premises and equipment | (419 | ) | (559 | ) | ||||
Loans | — | (1,038 | ) | |||||
Other deferred tax liabilities | (339 | ) | (314 | ) | ||||
Net deferred tax assets before valuation allowance | 12,362 | 14,009 | ||||||
Valuation allowance | (4,994 | ) | (4,816 | ) | ||||
Net deferred tax assets | $ | 7,368 | $ | 9,193 | ||||
Commitments_and_Contingencies_1
Commitments and Contingencies (Tables) | 9 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||
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 September 30, 2014 and December 31, 2013. | ||||||||
September 30, 2014 | December 31, 2013 | |||||||
Commitments to extend credit | $ | 469,749 | $ | 388,197 | ||||
Standby letters of credit | 14,654 | 3,546 | ||||||
$ | 484,403 | $ | 391,743 | |||||
Basis_of_Presentation_Details
Basis of Presentation (Details) (ICD IV, LLC [Member]) | Sep. 30, 2014 |
ICD IV, LLC [Member] | ' |
Entity Information [Line Items] | ' |
Consolidated Subsidiaries, Less than Wholly Owned, Ownership Percentage | 99.99% |
Earnings_Per_Common_Share_Deta
Earnings Per Common Share (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Earnings per Common Share [Abstract] | ' | ' | ' | ' |
Net income | $5,063 | $4,363 | $14,202 | $12,609 |
Weighted average common shares outstanding (shares) | 16,016 | 15,973 | 15,999 | 16,786 |
Weighted average effect of restricted stock units outstanding | 24 | 42 | 39 | 44 |
Diluted weighted average common shares outstanding (shares) | 16,040 | 16,015 | 16,038 | 16,830 |
Basic earnings per common share (dollars per share) | $0.32 | $0.27 | $0.89 | $0.75 |
Diluted earnings per common share (dollars per share) | $0.32 | $0.27 | $0.89 | $0.75 |
Earnings_Per_Common_Share_Stoc
Earnings Per Common Share Stock Repurchase (Details) (Common Stock [Member]) | 9 Months Ended |
Sep. 30, 2013 | |
Common Stock [Member] | ' |
Class of Stock [Line Items] | ' |
Stock Repurchased During Period, Shares | 1,441 |
Investment_Securities_Security
Investment Securities Security Type - Available for Sale (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
In Thousands, unless otherwise specified | ||||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Available-for-sale securities, amortized cost | $290,184 | $354,338 | ||
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 3,226 | 4,554 | ||
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | -5,497 | -13,676 | ||
Investment securities available for sale, at fair value | 287,913 | 345,216 | ||
U.S. government agencies and corporations [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Available-for-sale securities, amortized cost | 12,639 | 12,593 | ||
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 223 | 278 | ||
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | -1 | 0 | ||
Investment securities available for sale, at fair value | 12,861 | 12,871 | ||
State and political subdivisions [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Available-for-sale securities, amortized cost | 53,248 | 90,833 | ||
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 1,312 | 1,466 | ||
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | -343 | -4,511 | ||
Investment securities available for sale, at fair value | 54,217 | 87,788 | ||
Collateralized mortgage obligations [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Available-for-sale securities, amortized cost | 134,573 | [1] | 170,431 | [1] |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 1,169 | [1] | 2,128 | [1] |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | -1,772 | [1] | -3,911 | [1] |
Investment securities available for sale, at fair value | 133,970 | [1] | 168,648 | [1] |
Mortgage-backed securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Available-for-sale securities, amortized cost | 69,043 | [1] | 59,226 | [1] |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 453 | [1] | 607 | [1] |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | -623 | [1] | -1,677 | [1] |
Investment securities available for sale, at fair value | 68,873 | [1] | 58,156 | [1] |
Trust preferred securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Available-for-sale securities, amortized cost | 5,931 | 5,923 | ||
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 | ||
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | -2,588 | -3,178 | ||
Investment securities available for sale, at fair value | 3,343 | 2,745 | ||
Corporate notes and equity securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Available-for-sale securities, amortized cost | 14,750 | 15,332 | ||
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 69 | 75 | ||
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | -170 | -399 | ||
Investment securities available for sale, at fair value | $14,649 | $15,008 | ||
[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_Security1
Investment Securities Security Type - Held to Maturity (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Held-to-maturity securities | $51,364 | $0 |
Held-to-maturity securities, fair value | 51,120 | 0 |
State and political subdivisions [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Held-to-maturity securities | 51,364 | ' |
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain | 9 | ' |
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss | -253 | ' |
Held-to-maturity securities, fair value | $51,120 | ' |
Investment_Securities_Contract
Investment Securities Contractual Maturities (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis [Abstract] | ' | ' |
Due in one year or less, amortized cost | $25 | ' |
Due after one year through five years, amortized cost | 32,101 | ' |
Due after five years through ten years, amortized cost | 18,910 | ' |
Due after ten years, amortized cost | 34,048 | ' |
Subtotal before securities without single maturities, amortized cost | 85,084 | ' |
Collateralized mortgage obligations and mortgage-backed securities, amortized cost | 203,616 | ' |
Available-for-sale, equity securities, amortized cost | 1,484 | ' |
Available-for-sale securities, amortized cost | 290,184 | 354,338 |
Available-for-sale Securities, Debt Maturities, Fair Value [Abstract] | ' | ' |
Due in one year or less, fair value | 25 | ' |
Due after one year through five years, fair value | 32,620 | ' |
Due after five years through ten years, fair value | 19,327 | ' |
Due after ten years, fair value | 31,751 | ' |
Subtotal before securities without single maturities, fair value | 83,723 | ' |
Collateralized mortgage obligations and mortgage-backed securities, fair value | 202,843 | ' |
Available-for-sale securities, equity securities, fair value | 1,347 | ' |
Available-for-sale securities, fair value | 287,913 | 345,216 |
Held-to-maturity Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis, Rolling Maturity [Abstract] | ' | ' |
Held-to-maturity securities, debt maturities, due after five years through ten years, amortized cost | 8,432 | ' |
Held-to-maturity securities, debt maturities, due after ten years, amortized cost | 42,932 | ' |
Held-to-maturity securities | 51,364 | 0 |
Held-to-maturity Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] | ' | ' |
Held-to-maturity securities, debt maturities, due after five years through ten years, fair value | 8,377 | ' |
Held-to-maturity securities, debt maturities, due after ten years, fair value | 42,743 | ' |
Held-to-maturity securities, fair value | $51,120 | $0 |
Investment_Securities_Detail_o
Investment Securities Detail of Sale of Securities (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Securities Available-for-Sale [Abstract] | ' | ' | ' | ' |
Proceeds from sales | $7,344 | $0 | $36,582 | $0 |
Gross gains on sales | 334 | 0 | 1,050 | 0 |
Gross losses on sales | $124 | $0 | $334 | $0 |
Investment_Securities_Gross_Un
Investment Securities Gross Unrealized Losses - AFS (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Continuous unrealized loss position, less than twelve months, fair value | $36,174 | $198,488 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | -217 | -10,320 |
Continuous unrealized loss position, 12 months or longer, fair value | 115,284 | 4,692 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | -5,280 | -3,356 |
Total, continuous unrealized loss position, fair value | 151,458 | 203,180 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | -5,497 | -13,676 |
U.S. government agencies and corporations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Continuous unrealized loss position, less than twelve months, fair value | 5,058 | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | -1 | ' |
Continuous unrealized loss position, 12 months or longer, fair value | 0 | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | ' |
Total, continuous unrealized loss position, fair value | 5,058 | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | -1 | ' |
State and political subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sales securities in unrealized loss positions, qualitative disclosure, number of positions, greater than or equal to one year | 19 | ' |
Continuous unrealized loss position, less than twelve months, fair value | 10,068 | 49,324 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | -101 | -4,342 |
Continuous unrealized loss position, 12 months or longer, fair value | 11,452 | 1,439 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | -242 | -169 |
Total, continuous unrealized loss position, fair value | 21,520 | 50,763 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | -343 | -4,511 |
Collateralized mortgage obligations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sales securities in unrealized loss positions, qualitative disclosure, number of positions, greater than or equal to one year | 16 | ' |
Continuous unrealized loss position, less than twelve months, fair value | 16,041 | 96,744 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | -95 | -3,911 |
Continuous unrealized loss position, 12 months or longer, fair value | 64,482 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | -1,677 | 0 |
Total, continuous unrealized loss position, fair value | 80,523 | 96,744 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | -1,772 | -3,911 |
Mortgage-backed securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sales securities in unrealized loss positions, qualitative disclosure, number of positions, greater than or equal to one year | 8 | ' |
Continuous unrealized loss position, less than twelve months, fair value | 0 | 44,224 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | -1,677 |
Continuous unrealized loss position, 12 months or longer, fair value | 33,174 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | -623 | 0 |
Total, continuous unrealized loss position, fair value | 33,174 | 44,224 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | -623 | -1,677 |
Trust preferred securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sales securities in unrealized loss positions, qualitative disclosure, number of positions, greater than or equal to one year | 2 | ' |
Continuous unrealized loss position, less than twelve months, fair value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 0 |
Continuous unrealized loss position, 12 months or longer, fair value | 3,343 | 2,745 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | -2,588 | -3,178 |
Total, continuous unrealized loss position, fair value | 3,343 | 2,745 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | -2,588 | -3,178 |
Corporate notes and equity securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Continuous unrealized loss position, less than twelve months, fair value | 5,007 | 8,196 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | -20 | -390 |
Continuous unrealized loss position, 12 months or longer, fair value | 2,833 | 508 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | -150 | -9 |
Total, continuous unrealized loss position, fair value | 7,840 | 8,704 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | ($170) | ($399) |
Corporate note securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sales securities in unrealized loss positions, qualitative disclosure, number of positions, greater than or equal to one year | 3 | ' |
Equity securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sales securities in unrealized loss positions, qualitative disclosure, number of positions, greater than or equal to one year | 3 | ' |
Investment_Securities_Gross_Un1
Investment Securities Gross Unrealized Losses - HTM (Details) (State and political subdivisions [Member], USD $) | Sep. 30, 2014 |
In Thousands, unless otherwise specified | |
State and political subdivisions [Member] | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $46,828 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | -253 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value | 46,828 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss | ($253) |
Investment_Securities_Other_Na
Investment Securities Other Narratives - AFS securities (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | trust_preferred_securities | trust_preferred_securities | |
securities | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Unrealized net gains, before tax, available for sale transferred to held to maturity securities | $489 | ' | ' |
Securities Available-for-Sale [Abstract] | ' | ' | ' |
Available-for-sale securities, amortized cost basis | 290,184 | 354,338 | ' |
Investment securities available for sale, at fair value | 287,913 | 345,216 | ' |
Accumulated other comprehensive income (loss), net of tax | -423 | -3,538 | ' |
Securities pledged as collateral [Member] | ' | ' | ' |
Securities Available-for-Sale [Abstract] | ' | ' | ' |
Available-for-sale securities, amortized cost basis | 5,231 | 6,803 | ' |
Trust preferred securities [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Available-for-sales securities in unrealized loss positions, qualitative disclosure, number of positions, greater than or equal to one year | 2 | ' | ' |
Securities Available-for-Sale [Abstract] | ' | ' | ' |
Available-for-sale securities, amortized cost basis | 5,931 | 5,923 | ' |
Trust preferred securities with OTTI (number of securities) | 1 | ' | 1 |
Investment securities available for sale, at fair value | 3,343 | 2,745 | ' |
ALESCO Preferred Funding X, Ltd. [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Available-for-sale securities, gross unrealized losses | 1,738 | ' | ' |
Securities Available-for-Sale [Abstract] | ' | ' | ' |
Investment securities available for sale, at fair value | 2,433 | 1,850 | ' |
Accumulated other comprehensive income (loss), net of tax | 660 | ' | ' |
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held | $729 | ' | ' |
Investment_Securities_Other_Na1
Investment Securities Other Narratives - HTM securities (Details) (State and political subdivisions [Member], USD $) | 1 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 |
Number_of_securities | |
State and political subdivisions [Member] | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' |
Available for sale securities, transferred to held to maturity, number of securities | 86 |
Available for sale securities, transfers to held to maturity, carrying value | $50,882 |
Available for sale securities, transfers to held to maturity securities, fair value | $51,371 |
Loans_and_Allowance_for_Loan_L2
Loans and Allowance for Loan Losses Schedule of Loans (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Loans Receivable [Line Items] | ' | ' |
Loans receivable, gross | $1,083,572 | $992,333 |
Net unamortized fees and costs | -495 | -613 |
Loans, net of unearned fees and costs | 1,083,077 | 991,720 |
Commercial loan [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Loans receivable, gross | 290,778 | 258,010 |
Construction, land, and land development [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Loans receivable, gross | 141,686 | 117,394 |
1-4 family residential first mortgages [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Loans receivable, gross | 51,643 | 50,349 |
Home equity [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Loans receivable, gross | 23,179 | 25,205 |
Commercial real estate [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Loans receivable, gross | 565,773 | 532,139 |
Consumer and other loans [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Loans receivable, gross | $10,513 | $9,236 |
Loans_and_Allowance_for_Loan_L3
Loans and Allowance for Loan Losses Schedule of Nonperforming Loans (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
In Thousands, unless otherwise specified | loans | loans | ||
Loans, Nonperforming [Line Items] | ' | ' | ||
Loans, recorded investment, nonaccrual status | $1,936 | $2,398 | ||
Loans, recorded investment, 90 days past due and still accruing | 0 | 0 | ||
Loans, recorded investment, troubled debt restructured | 389 | 517 | ||
Troubled debt restructured loans included in the nonaccrual category | 672 | 670 | ||
Number of troubled debt restructured loans included in the nonaccrual category (number of loans) | 2 | 1 | ||
Commercial loan [Member] | ' | ' | ||
Loans, Nonperforming [Line Items] | ' | ' | ||
Loans, recorded investment, 90 days past due and still accruing | 0 | 0 | ||
Construction, land, and land development [Member] | ' | ' | ||
Loans, Nonperforming [Line Items] | ' | ' | ||
Loans, recorded investment, 90 days past due and still accruing | 0 | 0 | ||
1-4 family residential first mortgages [Member] | ' | ' | ||
Loans, Nonperforming [Line Items] | ' | ' | ||
Loans, recorded investment, 90 days past due and still accruing | 0 | 0 | ||
Home equity [Member] | ' | ' | ||
Loans, Nonperforming [Line Items] | ' | ' | ||
Loans, recorded investment, 90 days past due and still accruing | 0 | 0 | ||
Commercial real estate [Member] | ' | ' | ||
Loans, Nonperforming [Line Items] | ' | ' | ||
Loans, recorded investment, 90 days past due and still accruing | 0 | 0 | ||
Consumer and other loans [Member] | ' | ' | ||
Loans, Nonperforming [Line Items] | ' | ' | ||
Loans, recorded investment, 90 days past due and still accruing | 0 | 0 | ||
Nonperforming Loan [Member] | ' | ' | ||
Loans, Nonperforming [Line Items] | ' | ' | ||
Loans, recorded investment, nonaccrual status | 1,936 | 2,398 | ||
Loans, recorded investment, 90 days past due and still accruing | 0 | 0 | ||
Loans, recorded investment, troubled debt restructured | 389 | [1] | 517 | [1] |
Loans, Recorded Investment, Nonperforming Lns | 2,325 | 2,915 | ||
Nonperforming Loan [Member] | Commercial loan [Member] | ' | ' | ||
Loans, Nonperforming [Line Items] | ' | ' | ||
Loans, recorded investment, nonaccrual status | 614 | 882 | ||
Loans, recorded investment, 90 days past due and still accruing | 0 | 0 | ||
Loans, recorded investment, troubled debt restructured | 0 | [1] | 0 | [1] |
Nonperforming Loan [Member] | Construction, land, and land development [Member] | ' | ' | ||
Loans, Nonperforming [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 | 389 | [1] | 424 | [1] |
Nonperforming Loan [Member] | 1-4 family residential first mortgages [Member] | ' | ' | ||
Loans, Nonperforming [Line Items] | ' | ' | ||
Loans, recorded investment, nonaccrual status | 240 | 846 | ||
Loans, recorded investment, 90 days past due and still accruing | 0 | 0 | ||
Loans, recorded investment, troubled debt restructured | 0 | [1] | 0 | [1] |
Nonperforming Loan [Member] | Home equity [Member] | ' | ' | ||
Loans, Nonperforming [Line Items] | ' | ' | ||
Loans, recorded investment, nonaccrual status | 320 | 0 | ||
Loans, recorded investment, 90 days past due and still accruing | 0 | 0 | ||
Loans, recorded investment, troubled debt restructured | 0 | [1] | 0 | [1] |
Nonperforming Loan [Member] | Commercial real estate [Member] | ' | ' | ||
Loans, Nonperforming [Line Items] | ' | ' | ||
Loans, recorded investment, nonaccrual status | 762 | 670 | ||
Loans, recorded investment, 90 days past due and still accruing | 0 | 0 | ||
Loans, recorded investment, troubled debt restructured | 0 | [1] | 93 | [1] |
Nonperforming Loan [Member] | Consumer and other loans [Member] | ' | ' | ||
Loans, Nonperforming [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. There were two TDR loans as of SeptemberB 30, 2014 and one TDR loan as of DecemberB 31, 2013, with balances of $672 and $670, respectively, included in the nonaccrual category. |
Loans_and_Allowance_for_Loan_L4
Loans and Allowance for Loan Losses Schedule of Troubled Debt Restructurings by Type of Modification (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
loans | loans | |||
Loans and Allowance for Loan Losses [Abstract] | ' | ' | ' | ' |
Number of loan modifications considered troubled debt restructuring | 0 | ' | 0 | ' |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | ' | $31 | ' | $31 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | $31 | ' | $31 |
Loans_and_Allowance_for_Loan_L5
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 | Sep. 30, 2014 | Sep. 30, 2013 |
Loans and Allowance for Loan Losses [Abstract] | ' | ' |
Loans, modifications, subsequent default, recorded investment | $0 | $135 |
Loans_and_Allowance_for_Loan_L6
Loans and Allowance for Loan Losses Schedule of Impaired Loans With and Without an Allowance (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Loans, Impaired [Line Items] | ' | ' |
Impaired loans, with no related allowance, recorded investment | $1,466 | $1,913 |
Impaired loans, with no related allowance, unpaid principal balance | 2,214 | 2,669 |
Impaired loans, with related allowance, recorded investment | 1,998 | 3,163 |
Impaired loans, with related allowance, unpaid principal balance | 1,998 | 3,163 |
Impaired loans, recorded investment | 3,464 | 5,076 |
Impaired loans, unpaid principal balance | 4,212 | 5,832 |
Impaired loans, related allowance | 1,322 | 1,893 |
Commercial loan [Member] | ' | ' |
Loans, Impaired [Line Items] | ' | ' |
Impaired loans, with no related allowance, recorded investment | 164 | 200 |
Impaired loans, with no related allowance, unpaid principal balance | 310 | 345 |
Impaired loans, with related allowance, recorded investment | 561 | 807 |
Impaired loans, with related allowance, unpaid principal balance | 561 | 807 |
Impaired loans, recorded investment | 725 | 1,007 |
Impaired loans, unpaid principal balance | 871 | 1,152 |
Impaired loans, related allowance | 413 | 560 |
Construction, land, and land development [Member] | ' | ' |
Loans, Impaired [Line Items] | ' | ' |
Impaired loans, with no related allowance, recorded investment | 390 | 423 |
Impaired loans, with no related allowance, unpaid principal balance | 992 | 1,025 |
Impaired loans, with related allowance, recorded investment | 1,028 | 2,037 |
Impaired loans, with related allowance, unpaid principal balance | 1,028 | 2,037 |
Impaired loans, recorded investment | 1,418 | 2,460 |
Impaired loans, unpaid principal balance | 2,020 | 3,062 |
Impaired loans, related allowance | 500 | 1,300 |
1-4 family residential first mortgages [Member] | ' | ' |
Loans, Impaired [Line Items] | ' | ' |
Impaired loans, with no related allowance, recorded investment | 240 | 527 |
Impaired loans, with no related allowance, unpaid principal balance | 240 | 536 |
Impaired loans, with related allowance, recorded investment | 0 | 319 |
Impaired loans, with related allowance, unpaid principal balance | 0 | 319 |
Impaired loans, recorded investment | 240 | 846 |
Impaired loans, unpaid principal balance | 240 | 855 |
Impaired loans, related allowance | 0 | 33 |
Home equity [Member] | ' | ' |
Loans, Impaired [Line Items] | ' | ' |
Impaired loans, with no related allowance, recorded investment | 87 | 0 |
Impaired loans, with no related allowance, unpaid principal balance | 87 | 0 |
Impaired loans, with related allowance, recorded investment | 232 | 0 |
Impaired loans, with related allowance, unpaid principal balance | 232 | 0 |
Impaired loans, recorded investment | 319 | 0 |
Impaired loans, unpaid principal balance | 319 | 0 |
Impaired loans, related allowance | 232 | 0 |
Commercial real estate [Member] | ' | ' |
Loans, Impaired [Line Items] | ' | ' |
Impaired loans, with no related allowance, recorded investment | 585 | 763 |
Impaired loans, with no related allowance, unpaid principal balance | 585 | 763 |
Impaired loans, with related allowance, recorded investment | 177 | 0 |
Impaired loans, with related allowance, unpaid principal balance | 177 | 0 |
Impaired loans, recorded investment | 762 | 763 |
Impaired loans, unpaid principal balance | 762 | 763 |
Impaired loans, related allowance | 177 | 0 |
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, recorded investment | 0 | 0 |
Impaired loans, unpaid principal balance | 0 | 0 |
Impaired loans, related allowance | $0 | $0 |
Loans_and_Allowance_for_Loan_L7
Loans and Allowance for Loan Losses Schedule of Impaired Loans With and Without an Allowance 2 (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Loans, Impaired [Line Items] | ' | ' | ' | ' |
Impaired loans, with no related allowance, average recorded investment | $1,546 | $3,174 | $1,801 | $4,598 |
Impaired loans, with no related allowance, interest income, accrual method | 3 | 6 | 21 | 28 |
Impaired loans, with related allowance, average recorded investment | 2,003 | 7,333 | 2,427 | 8,990 |
Impaired loans, with related allowance, interest income, accrual method | 15 | 37 | 61 | 283 |
Impaired loans, average recorded investment | 3,549 | 10,507 | 4,228 | 13,588 |
Impaired loans, interest income, accrual method | 18 | 43 | 82 | 311 |
Commercial loan [Member] | ' | ' | ' | ' |
Loans, Impaired [Line Items] | ' | ' | ' | ' |
Impaired loans, with no related allowance, average recorded investment | 165 | 355 | 303 | 244 |
Impaired loans, with no related allowance, interest income, accrual method | 0 | 0 | 0 | 9 |
Impaired loans, with related allowance, average recorded investment | 573 | 4,063 | 566 | 3,838 |
Impaired loans, with related allowance, interest income, accrual method | 2 | 0 | 7 | 82 |
Impaired loans, average recorded investment | 738 | 4,418 | 869 | 4,082 |
Impaired loans, interest income, accrual method | 2 | 0 | 7 | 91 |
Construction, land, and land development [Member] | ' | ' | ' | ' |
Loans, Impaired [Line Items] | ' | ' | ' | ' |
Impaired loans, with no related allowance, average recorded investment | 394 | 437 | 403 | 1,791 |
Impaired loans, with no related allowance, interest income, accrual method | 3 | 4 | 11 | 13 |
Impaired loans, with related allowance, average recorded investment | 1,150 | 2,629 | 1,562 | 3,667 |
Impaired loans, with related allowance, interest income, accrual method | 13 | 34 | 54 | 138 |
Impaired loans, average recorded investment | 1,544 | 3,066 | 1,965 | 5,458 |
Impaired loans, interest income, accrual method | 16 | 38 | 65 | 151 |
1-4 family residential first mortgages [Member] | ' | ' | ' | ' |
Loans, Impaired [Line Items] | ' | ' | ' | ' |
Impaired loans, with no related allowance, average recorded investment | 302 | 510 | 378 | 594 |
Impaired loans, with no related allowance, interest income, accrual method | 0 | 0 | 7 | 1 |
Impaired loans, with related allowance, average recorded investment | 0 | 292 | 187 | 137 |
Impaired loans, with related allowance, interest income, accrual method | 0 | 3 | 0 | 8 |
Impaired loans, average recorded investment | 302 | 802 | 565 | 731 |
Impaired loans, interest income, accrual method | 0 | 3 | 7 | 9 |
Home equity [Member] | ' | ' | ' | ' |
Loans, Impaired [Line Items] | ' | ' | ' | ' |
Impaired loans, with no related allowance, average recorded investment | 22 | 2 | 9 | 1 |
Impaired loans, with no related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired loans, with related allowance, average recorded investment | 236 | 108 | 94 | 311 |
Impaired loans, with related allowance, interest income, accrual method | 0 | 0 | 0 | 11 |
Impaired loans, average recorded investment | 258 | 110 | 103 | 312 |
Impaired loans, interest income, accrual method | 0 | 0 | 0 | 11 |
Commercial real estate [Member] | ' | ' | ' | ' |
Loans, Impaired [Line Items] | ' | ' | ' | ' |
Impaired loans, with no related allowance, average recorded investment | 663 | 1,854 | 708 | 1,962 |
Impaired loans, with no related allowance, interest income, accrual method | 0 | 2 | 3 | 5 |
Impaired loans, with related allowance, average recorded investment | 44 | 241 | 18 | 1,037 |
Impaired loans, with related allowance, interest income, accrual method | 0 | 0 | 0 | 44 |
Impaired loans, average recorded investment | 707 | 2,095 | 726 | 2,999 |
Impaired loans, interest income, accrual method | 0 | 2 | 3 | 49 |
Consumer and other loans [Member] | ' | ' | ' | ' |
Loans, Impaired [Line Items] | ' | ' | ' | ' |
Impaired loans, with no related allowance, average recorded investment | 0 | 16 | 0 | 6 |
Impaired loans, with no related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired loans, with related allowance, average recorded investment | 0 | 0 | 0 | 0 |
Impaired loans, with related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired loans, average recorded investment | 0 | 16 | 0 | 6 |
Impaired loans, interest income, accrual method | $0 | $0 | $0 | $0 |
Loans_and_Allowance_for_Loan_L8
Loans and Allowance for Loan Losses Reconciliation of Nonaccrual Loans With Impaired Loans (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | Borrowers | Borrowers |
Loans, Impaired [Line Items] | ' | ' |
Loans, recorded investment, nonaccrual status | $1,936 | $2,398 |
Loans, recorded investment, troubled debt restructured | 389 | 517 |
Other impaired loans still accruing interest | 1,139 | 2,161 |
Impaired loans, recorded investment | 3,464 | 5,076 |
Borrowers, impaired loans (number of borrowers) | 13 | 17 |
Loans, Impaired, Commitment to Lend | $0 | ' |
Loans_and_Allowance_for_Loan_L9
Loans and Allowance for Loan Losses Schedule of Past Due Loans (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, recorded investment, 30 to 59 days past due | $399 | $620 |
Loans, recorded investment, 60 to 89 days past due | 354 | 508 |
Loans, recorded investment, equal to greater than 90 days past due | 123 | 739 |
Loans, recorded investment, past due | 876 | 1,867 |
Loans, recorded investment, current | 1,082,696 | 990,466 |
Loans | 1,083,572 | 992,333 |
Loans, recorded investment, 90 days past due and still accruing | 0 | 0 |
Loans, recorded investment, nonaccrual status | 1,936 | 2,398 |
Nonaccrual loans, 30-59 days past due [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, recorded investment, nonaccrual status | 146 | 407 |
Nonaccrual loans, 60-89 days past due [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, recorded investment, nonaccrual status | 354 | 240 |
Nonaccrual loans, greater than 90 days past due [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, recorded investment, nonaccrual status | 123 | 739 |
Nonaccrual loans, total past due [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, recorded investment, nonaccrual status | 623 | 1,386 |
Nonaccrual loans, recorded investment, current [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, recorded investment, nonaccrual status | 1,313 | 1,012 |
Commercial loan [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, recorded investment, 30 to 59 days past due | 227 | 407 |
Loans, recorded investment, 60 to 89 days past due | 0 | 0 |
Loans, recorded investment, equal to greater than 90 days past due | 123 | 200 |
Loans, recorded investment, past due | 350 | 607 |
Loans, recorded investment, current | 290,428 | 257,403 |
Loans | 290,778 | 258,010 |
Loans, recorded investment, 90 days past due and still accruing | 0 | 0 |
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 | 0 |
Loans, recorded investment, past due | 0 | 0 |
Loans, recorded investment, current | 141,686 | 117,394 |
Loans | 141,686 | 117,394 |
Loans, recorded investment, 90 days past due and still accruing | 0 | 0 |
1-4 family residential first mortgages [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, recorded investment, 30 to 59 days past due | 172 | 103 |
Loans, recorded investment, 60 to 89 days past due | 177 | 240 |
Loans, recorded investment, equal to greater than 90 days past due | 0 | 539 |
Loans, recorded investment, past due | 349 | 882 |
Loans, recorded investment, current | 51,294 | 49,467 |
Loans | 51,643 | 50,349 |
Loans, recorded investment, 90 days past due and still accruing | 0 | 0 |
Home equity [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 | 0 |
Loans, recorded investment, past due | 0 | 0 |
Loans, recorded investment, current | 23,179 | 25,205 |
Loans | 23,179 | 25,205 |
Loans, recorded investment, 90 days past due and still accruing | 0 | 0 |
Commercial real estate [Member] | ' | ' |
Loans, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans, recorded investment, 30 to 59 days past due | 0 | 110 |
Loans, recorded investment, 60 to 89 days past due | 177 | 268 |
Loans, recorded investment, equal to greater than 90 days past due | 0 | 0 |
Loans, recorded investment, past due | 177 | 378 |
Loans, recorded investment, current | 565,596 | 531,761 |
Loans | 565,773 | 532,139 |
Loans, recorded investment, 90 days past due and still accruing | 0 | 0 |
Consumer and other loans [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 | 0 |
Loans, recorded investment, past due | 0 | 0 |
Loans, recorded investment, current | 10,513 | 9,236 |
Loans | 10,513 | 9,236 |
Loans, recorded investment, 90 days past due and still accruing | $0 | $0 |
Recovered_Sheet1
Loans and Allowance for Loan Losses Schedule of Loans By Credit Quality Indicator (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | $1,083,572 | $992,333 |
Pass [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 1,050,811 | 944,047 |
Special Mention [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 25,850 | 32,812 |
Substandard [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 6,911 | 15,474 |
Doubtful [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Commercial loan [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 290,778 | 258,010 |
Commercial loan [Member] | Pass [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 282,488 | 244,766 |
Commercial loan [Member] | Special Mention [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 7,046 | 10,933 |
Commercial loan [Member] | Substandard [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 1,244 | 2,311 |
Commercial loan [Member] | Doubtful [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Construction, land, and land development [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 141,686 | 117,394 |
Construction, land, and land development [Member] | Pass [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 131,397 | 100,236 |
Construction, land, and land development [Member] | Special Mention [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 8,871 | 12,661 |
Construction, land, and land development [Member] | Substandard [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 1,418 | 4,497 |
Construction, land, and land development [Member] | Doubtful [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
1-4 family residential first mortgages [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 51,643 | 50,349 |
1-4 family residential first mortgages [Member] | Pass [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 50,705 | 48,766 |
1-4 family residential first mortgages [Member] | Special Mention [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 568 | 408 |
1-4 family residential first mortgages [Member] | Substandard [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 370 | 1,175 |
1-4 family residential first mortgages [Member] | Doubtful [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Home equity [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 23,179 | 25,205 |
Home equity [Member] | Pass [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 22,699 | 23,608 |
Home equity [Member] | Special Mention [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 64 | 1,495 |
Home equity [Member] | Substandard [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 416 | 102 |
Home equity [Member] | Doubtful [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Commercial real estate [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 565,773 | 532,139 |
Commercial real estate [Member] | Pass [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 553,009 | 517,441 |
Commercial real estate [Member] | Special Mention [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 9,301 | 7,309 |
Commercial real estate [Member] | Substandard [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 3,463 | 7,389 |
Commercial real estate [Member] | Doubtful [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Consumer and other loans [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 10,513 | 9,236 |
Consumer and other loans [Member] | Pass [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 10,513 | 9,230 |
Consumer and other loans [Member] | Special Mention [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 6 |
Consumer and other loans [Member] | Substandard [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Consumer and other loans [Member] | Doubtful [Member] | ' | ' |
Loans, Recorded Investment [Line Items] | ' | ' |
Loans | $0 | $0 |
Recovered_Sheet2
Loans and Allowance for Loan Losses Schedule of Allowance for Loan Loss Activity (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Loans, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ||||
Allowance for loan losses, beginning balance | $13,213 | $15,959 | $13,791 | $15,529 | ||||
Allowance for loan losses, charge-offs | -70 | -356 | -885 | -591 | ||||
Allowance for loan losses, recoveries of bad debts | 102 | 138 | 189 | 653 | ||||
Provision for loan losses | 100 | [1] | -1,000 | [1] | 250 | [1] | -850 | [1] |
Allowance for loan losses, ending balance | 13,345 | 14,741 | 13,345 | 14,741 | ||||
Commercial loan [Member] | ' | ' | ' | ' | ||||
Loans, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ||||
Allowance for loan losses, beginning balance | 3,898 | 4,108 | 4,199 | 4,116 | ||||
Allowance for loan losses, charge-offs | 0 | -315 | -577 | -514 | ||||
Allowance for loan losses, recoveries of bad debts | 35 | 34 | 87 | 254 | ||||
Provision for loan losses | 347 | 369 | 571 | 340 | ||||
Allowance for loan losses, ending balance | 4,280 | 4,196 | 4,280 | 4,196 | ||||
Construction, land, and land development [Member] | ' | ' | ' | ' | ||||
Loans, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ||||
Allowance for loan losses, beginning balance | 2,540 | 3,933 | 3,032 | 4,616 | ||||
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 | ||||
Allowance for loan losses, recoveries of bad debts | 0 | 0 | 8 | 42 | ||||
Provision for loan losses | -189 | -158 | -689 | -883 | ||||
Allowance for loan losses, ending balance | 2,351 | 3,775 | 2,351 | 3,775 | ||||
1-4 family residential first mortgages [Member] | ' | ' | ' | ' | ||||
Loans, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ||||
Allowance for loan losses, beginning balance | 553 | 663 | 613 | 637 | ||||
Allowance for loan losses, charge-offs | -10 | -10 | -73 | -40 | ||||
Allowance for loan losses, recoveries of bad debts | 2 | 3 | 4 | 121 | ||||
Provision for loan losses | 66 | -38 | 67 | -100 | ||||
Allowance for loan losses, ending balance | 611 | 618 | 611 | 618 | ||||
Home equity [Member] | ' | ' | ' | ' | ||||
Loans, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ||||
Allowance for loan losses, beginning balance | 563 | 441 | 403 | 568 | ||||
Allowance for loan losses, charge-offs | -60 | 0 | -123 | -5 | ||||
Allowance for loan losses, recoveries of bad debts | 56 | 99 | 80 | 212 | ||||
Provision for loan losses | -18 | -171 | 181 | -406 | ||||
Allowance for loan losses, ending balance | 541 | 369 | 541 | 369 | ||||
Commercial real estate [Member] | ' | ' | ' | ' | ||||
Loans, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ||||
Allowance for loan losses, beginning balance | 5,609 | 6,780 | 5,485 | 5,564 | ||||
Allowance for loan losses, charge-offs | 0 | 0 | -112 | 0 | ||||
Allowance for loan losses, recoveries of bad debts | 7 | 0 | 7 | 2 | ||||
Provision for loan losses | -107 | -1,032 | 129 | 182 | ||||
Allowance for loan losses, ending balance | 5,509 | 5,748 | 5,509 | 5,748 | ||||
Consumer and other loans [Member] | ' | ' | ' | ' | ||||
Loans, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ||||
Allowance for loan losses, beginning balance | 50 | 34 | 59 | 28 | ||||
Allowance for loan losses, charge-offs | 0 | -31 | 0 | -32 | ||||
Allowance for loan losses, recoveries of bad debts | 2 | 2 | 3 | 22 | ||||
Provision for loan losses | 1 | 30 | -9 | 17 | ||||
Allowance for loan losses, ending balance | $53 | $35 | $53 | $35 | ||||
[1] | The negative provisions for the various segments are related to either 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 by Impairment Method (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Loans, Allowance for Loan Losses [Line Items] | ' | ' |
Allowance for loan losses, individually evaluated for impairment | $1,322 | $1,893 |
Allowance for loan losses, collectively evaluated for impairment | 12,023 | 11,898 |
Allowance for loan losses | 13,345 | 13,791 |
Commercial loan [Member] | ' | ' |
Loans, Allowance for Loan Losses [Line Items] | ' | ' |
Allowance for loan losses, individually evaluated for impairment | 413 | 560 |
Allowance for loan losses, collectively evaluated for impairment | 3,867 | 3,639 |
Allowance for loan losses | 4,280 | 4,199 |
Construction, land, and land development [Member] | ' | ' |
Loans, Allowance for Loan Losses [Line Items] | ' | ' |
Allowance for loan losses, individually evaluated for impairment | 500 | 1,300 |
Allowance for loan losses, collectively evaluated for impairment | 1,851 | 1,732 |
Allowance for loan losses | 2,351 | 3,032 |
1-4 family residential first mortgages [Member] | ' | ' |
Loans, Allowance for Loan Losses [Line Items] | ' | ' |
Allowance for loan losses, individually evaluated for impairment | 0 | 33 |
Allowance for loan losses, collectively evaluated for impairment | 611 | 580 |
Allowance for loan losses | 611 | 613 |
Home equity [Member] | ' | ' |
Loans, Allowance for Loan Losses [Line Items] | ' | ' |
Allowance for loan losses, individually evaluated for impairment | 232 | 0 |
Allowance for loan losses, collectively evaluated for impairment | 309 | 403 |
Allowance for loan losses | 541 | 403 |
Commercial real estate [Member] | ' | ' |
Loans, Allowance for Loan Losses [Line Items] | ' | ' |
Allowance for loan losses, individually evaluated for impairment | 177 | 0 |
Allowance for loan losses, collectively evaluated for impairment | 5,332 | 5,485 |
Allowance for loan losses | 5,509 | 5,485 |
Consumer and other loans [Member] | ' | ' |
Loans, Allowance for Loan Losses [Line Items] | ' | ' |
Allowance for loan losses, individually evaluated for impairment | 0 | 0 |
Allowance for loan losses, collectively evaluated for impairment | 53 | 59 |
Allowance for loan losses | $53 | $59 |
Recovered_Sheet4
Loans and Allowance for Loan Losses Schedule of Loans by Impairment Method (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Loans, Allowance for Loan Losses [Line Items] | ' | ' |
Loans, individually evaluated for impairment | $3,464 | $5,076 |
Loans, collectively evaluated for impairment | 1,080,108 | 987,257 |
Loans | 1,083,572 | 992,333 |
Commercial loan [Member] | ' | ' |
Loans, Allowance for Loan Losses [Line Items] | ' | ' |
Loans, individually evaluated for impairment | 725 | 1,007 |
Loans, collectively evaluated for impairment | 290,053 | 257,003 |
Loans | 290,778 | 258,010 |
Construction, land, and land development [Member] | ' | ' |
Loans, Allowance for Loan Losses [Line Items] | ' | ' |
Loans, individually evaluated for impairment | 1,418 | 2,460 |
Loans, collectively evaluated for impairment | 140,268 | 114,934 |
Loans | 141,686 | 117,394 |
1-4 family residential first mortgages [Member] | ' | ' |
Loans, Allowance for Loan Losses [Line Items] | ' | ' |
Loans, individually evaluated for impairment | 239 | 846 |
Loans, collectively evaluated for impairment | 51,404 | 49,503 |
Loans | 51,643 | 50,349 |
Home equity [Member] | ' | ' |
Loans, Allowance for Loan Losses [Line Items] | ' | ' |
Loans, individually evaluated for impairment | 320 | 0 |
Loans, collectively evaluated for impairment | 22,859 | 25,205 |
Loans | 23,179 | 25,205 |
Commercial real estate [Member] | ' | ' |
Loans, Allowance for Loan Losses [Line Items] | ' | ' |
Loans, individually evaluated for impairment | 762 | 763 |
Loans, collectively evaluated for impairment | 565,011 | 531,376 |
Loans | 565,773 | 532,139 |
Consumer and other loans [Member] | ' | ' |
Loans, Allowance for Loan Losses [Line Items] | ' | ' |
Loans, individually evaluated for impairment | 0 | 0 |
Loans, collectively evaluated for impairment | 10,513 | 9,236 |
Loans | $10,513 | $9,236 |
Recovered_Sheet5
Loans and Allowance for Loan Losses Narrative (Details) (Real estate [Member], USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Real estate [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Loans pledged as collateral | $527,589 | $480,000 |
Derivatives_Details
Derivatives (Details) (USD $) | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Dec. 31, 2012 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 30, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2015 | Sep. 30, 2014 |
In Thousands, unless otherwise specified | Terminated 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] | 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] | Scenario, Forecast [Member] | Collateral posted from counterparty [Member] | ||
Interest Rate Swap [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] | Other Assets [Member] | Other Assets [Member] | Other Assets [Member] | Other Assets [Member] | Other Assets [Member] | Other Assets [Member] | Other Assets [Member] | Cash Flow Hedging [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] | 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] | Interest Rate Swap [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] | 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] | 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] | |||||||||||||||
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $430 | ' |
Derivative, notional amount | ' | ' | ' | 80,000 | 25,000 | 25,000 | 25,000 | 25,000 | 30,000 | 30,000 | 20,000 | 20,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Collateral posted from counterparty | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,120 |
Junior subordinated notes | 20,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Federal Home Loan Bank advances, converted to variable rate, interest rate swap | ' | 80,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate cash flow hedge asset at fair value | ' | ' | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $275 | $820 | $355 | $1,002 | $473 | $1,316 | $277 | ' | ' |
Receive rate | ' | ' | ' | ' | 0.52% | 0.54% | 0.54% | 0.56% | 0.54% | 0.56% | 3.30% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pay rate | ' | ' | ' | ' | 2.10% | 2.10% | 2.34% | 2.34% | 2.52% | 2.52% | 4.88% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivatives_PreTax_Losses_Deta
Derivatives Pre-Tax Losses (Details) (Designated as Hedging Instrument [Member], Interest Rate Swap [Member], Cash Flow Hedging [Member], USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Gain (loss) on cash flow hedge ineffectiveness, net | $0 | $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 December 23, 2019 [Member] | Effective Portion [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Unrealized gain (loss) on interest rate cash flow hedges, pretax, accumulated other comprehensive income (loss) | -545 | 841 |
Maturity date December 23, 2019 [Member] | Effective Portion [Member] | Interest Expense [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Cash flow hedge gain (loss) reclassified to interest expense, 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 June 22, 2020 [Member] | Effective Portion [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Unrealized gain (loss) on interest rate cash flow hedges, pretax, accumulated other comprehensive income (loss) | -647 | 973 |
Maturity date June 22, 2020 [Member] | Effective Portion [Member] | Interest Expense [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Cash flow hedge gain (loss) reclassified to interest expense, 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 September 21, 2020 [Member] | Effective Portion [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Unrealized gain (loss) on interest rate cash flow hedges, pretax, accumulated other comprehensive income (loss) | -843 | 1,228 |
Maturity date September 21, 2020 [Member] | Effective Portion [Member] | Interest Expense [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Cash flow hedge gain (loss) reclassified to interest expense, 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 | 0 |
Maturity date June 30, 2019 [Member] | Effective Portion [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Unrealized gain (loss) on interest rate cash flow hedges, pretax, accumulated other comprehensive income (loss) | -277 | 154 |
Maturity date June 30, 2019 [Member] | Effective Portion [Member] | Interest Expense [Member] | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Cash flow hedge gain (loss) reclassified to interest expense, net | ($73) | $0 |
Fair_Value_Measurements_Recurr
Fair Value Measurements Recurring Basis by Level (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
In Thousands, unless otherwise specified | ||||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | $287,913 | $345,216 | ||
Fair Value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 14,349 | 14,708 | ||
Derivative asset | 0 | 0 | ||
Assets, fair value disclosure, recurring | 14,349 | 14,708 | ||
Fair Value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 271,131 | 328,658 | ||
Derivative asset | 1,103 | 3,415 | ||
Assets, fair value disclosure, recurring | 272,234 | 332,073 | ||
Fair Value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 2,433 | 1,850 | ||
Derivative asset | 0 | 0 | ||
Assets, fair value disclosure, recurring | 2,433 | 1,850 | ||
Fair Value, measurements, recurring [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 287,913 | 345,216 | ||
Derivative asset | 1,103 | 3,415 | ||
Assets, fair value disclosure, recurring | 289,016 | 348,631 | ||
U.S. government agencies and corporations | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 12,861 | 12,871 | ||
U.S. government agencies and corporations | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 0 | 0 | ||
U.S. government agencies and corporations | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 12,861 | 12,871 | ||
U.S. government agencies and corporations | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 0 | 0 | ||
U.S. government agencies and corporations | Fair Value, measurements, recurring [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 12,861 | 12,871 | ||
State and political subdivisions | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 54,217 | 87,788 | ||
State and political subdivisions | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 0 | 0 | ||
State and political subdivisions | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 54,217 | 87,788 | ||
State and political subdivisions | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 0 | 0 | ||
State and political subdivisions | Fair Value, measurements, recurring [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 54,217 | 87,788 | ||
Collateralized mortgage obligations | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 133,970 | [1] | 168,648 | [1] |
Collateralized mortgage obligations | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 0 | 0 | ||
Collateralized mortgage obligations | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 133,970 | 168,648 | ||
Collateralized mortgage obligations | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 0 | 0 | ||
Collateralized mortgage obligations | Fair Value, measurements, recurring [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 133,970 | 168,648 | ||
Mortgage-backed securities | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 68,873 | [1] | 58,156 | [1] |
Mortgage-backed securities | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 0 | 0 | ||
Mortgage-backed securities | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 68,873 | 58,156 | ||
Mortgage-backed securities | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 0 | 0 | ||
Mortgage-backed securities | Fair Value, measurements, recurring [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 68,873 | 58,156 | ||
Trust preferred securities | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 3,343 | 2,745 | ||
Trust preferred securities | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 0 | 0 | ||
Trust preferred securities | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 910 | 895 | ||
Trust preferred securities | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 2,433 | 1,850 | ||
Trust preferred securities | Fair Value, measurements, recurring [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 3,343 | 2,745 | ||
Corporate notes and equity securities [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 14,649 | 15,008 | ||
Corporate notes and equity securities [Member] | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 14,349 | 14,708 | ||
Corporate notes and equity securities [Member] | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 300 | 300 | ||
Corporate notes and equity securities [Member] | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | 0 | 0 | ||
Corporate notes and equity securities [Member] | Fair Value, measurements, recurring [Member] | Estimate of fair value, fair value disclosure [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract] | ' | ' | ||
Investment securities available for sale, at fair value | $14,649 | $15,008 | ||
[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 Changes in Level 3 Securities (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Fair value, inputs, level 3 [Member] | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' | ' |
Balance, beginning of period | $2,207 | $1,616 | $1,850 | $1,334 |
Transfers into level 3 | 0 | 0 | 0 | 0 |
Total gains or (losses) included in earnings | 0 | 0 | 0 | 0 |
Total gains or (losses) included in other comprehensive income | 226 | 186 | 583 | 468 |
Sales of securities | 0 | 0 | 0 | 0 |
Principal payments | 0 | 0 | 0 | 0 |
Balance, end of period | $2,433 | $1,802 | $2,433 | $1,802 |
Trust preferred securities [Member] | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | ' | ' | ' | ' |
Trust preferred securities with OTTI (number of securities) | 1 | 1 | 1 | 1 |
Fair Value, measurements, recurring [Member] | Trust preferred securities [Member] | Fair value, inputs, level 3 [Member] | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | ' | ' | ' | ' |
Trust preferred securities with OTTI (number of securities) | 1 | ' | 1 | ' |
Fair_Value_Measurements_Quanti
Fair Value Measurements Quantitative Inputs - Recurring (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 287,913 | 345,216 |
Estimate of fair value, fair value disclosure [Member] | Fair Value, measurements, recurring [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 287,913 | 345,216 |
Fair value, inputs, level 3 [Member] | Fair Value, measurements, recurring [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 2,433 | 1,850 |
Trust preferred securities [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 3,343 | 2,745 |
Trust preferred securities [Member] | Estimate of fair value, fair value disclosure [Member] | Fair Value, measurements, recurring [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 3,343 | 2,745 |
Trust preferred securities [Member] | Fair value, inputs, level 3 [Member] | Fair Value, measurements, recurring [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 2,433 | 1,850 |
ALESCO Preferred Funding X, Ltd. [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 2,433 | 1,850 |
ALESCO Preferred Funding X, Ltd. [Member] | Trust preferred securities [Member] | Fair value, inputs, level 3 [Member] | Fair Value, measurements, recurring [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 2,433 | 1,850 |
Discounted cash flow method [Member] | ALESCO Preferred Funding X, Ltd. [Member] | Trust preferred securities [Member] | Minimum [Member] | Estimate of fair value, fair value disclosure [Member] | Fair Value, measurements, recurring [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Fair value inputs, prepayment rate | 0.00% | 0.00% |
Fair value inputs, probability of default | 1.70% | 1.90% |
Fair value inputs, loss severity | 20.00% | 20.00% |
Fair value inputs, recovery probabilities for deferring collateral | 0.00% | 0.00% |
Discounted cash flow method [Member] | ALESCO Preferred Funding X, Ltd. [Member] | Trust preferred securities [Member] | Maximum [Member] | Estimate of fair value, fair value disclosure [Member] | Fair Value, measurements, recurring [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [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% |
Discounted cash flow method [Member] | ALESCO Preferred Funding X, Ltd. [Member] | Trust preferred securities [Member] | Weighted Average [Member] | Estimate of fair value, fair value disclosure [Member] | Fair Value, measurements, recurring [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Fair value inputs, prepayment rate | 5.00% | 5.60% |
Fair value inputs, probability of default | 16.10% | 18.90% |
Fair value inputs, loss severity | 88.50% | 88.30% |
Fair value inputs, recovery probabilities for deferring collateral | 26.10% | 29.80% |
Fair value inputs, discount rate | 14.00% | 17.00% |
Fair_Value_Measurements_Nonrec
Fair Value Measurements Nonrecurring Basis by Level (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair value, inputs, level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Collateral dependent impaired loans | $676 | $1,270 |
Fair value, measurements, nonrecurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Collateral dependent impaired loans | 676 | 1,270 |
Other real estate owned | 4,495 | 5,800 |
Total assets measured at fair value on a nonrecurring basis | 5,171 | 7,070 |
Fair value, measurements, nonrecurring [Member] | Fair value, inputs, level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Collateral dependent impaired loans | 0 | 0 |
Other real estate owned | 0 | 0 |
Total assets measured at fair value on a nonrecurring basis | 0 | 0 |
Fair value, measurements, nonrecurring [Member] | Fair value, inputs, level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Collateral dependent impaired loans | 0 | 0 |
Other real estate owned | 0 | 0 |
Total assets measured at fair value on a nonrecurring basis | 0 | 0 |
Fair value, measurements, nonrecurring [Member] | Fair value, inputs, level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Collateral dependent impaired loans | 676 | 1,270 |
Other real estate owned | 4,495 | 5,800 |
Total assets measured at fair value on a nonrecurring basis | $5,171 | $7,070 |
Fair_Value_Measurements_Quanti1
Fair Value Measurements Quantitative Inputs - Nonrecurring (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
Fair value, inputs, level 3 [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Collateral dependent impaired loans | 676 | 1,270 |
Fair value, measurements, nonrecurring [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Collateral dependent impaired loans | 676 | 1,270 |
Other real estate owned | 4,495 | 5,800 |
Fair value, measurements, nonrecurring [Member] | Fair value, inputs, level 3 [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Collateral dependent impaired loans | 676 | 1,270 |
Other real estate owned | 4,495 | 5,800 |
Appraisal adjustment [Member] | Market Approach Valuation Technique [Member] | Weighted Average [Member] | Fair value, measurements, nonrecurring [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 | 11.20% | 10.60% |
Appraisal adjustment [Member] | Market Approach Valuation Technique [Member] | Minimum [Member] | Fair value, measurements, nonrecurring [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% |
Appraisal adjustment [Member] | Market Approach Valuation Technique [Member] | Maximum [Member] | Fair value, measurements, nonrecurring [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 | 20.00% | 50.00% |
Fair_Value_Measurements_Carryi
Fair Value Measurements Carrying Amounts and Fair Values (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
In Thousands, unless otherwise specified | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Cash and due from banks | $34,480 | $41,126 | ||
Federal funds sold | 204 | 1,299 | ||
Investment securities available for sale, at fair value | 287,913 | 345,216 | ||
Held-to-maturity securities | 51,364 | 0 | ||
Federal Home Loan Bank stock | 13,964 | 11,851 | ||
Loans held-for-sale | 343 | 2,230 | ||
Loans, net | 1,069,732 | 977,929 | ||
Accrued interest receivable | 4,549 | 4,007 | ||
Deposits | 1,205,262 | 1,163,842 | ||
Other short-term borrowings | 40,000 | 0 | ||
Subordinated notes | 20,619 | 20,619 | ||
Federal Home Loan Bank advances, net of discount | 96,511 | 95,392 | ||
Long-term debt | 13,491 | 15,935 | ||
Fair value, inputs, level 3 [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Collateral dependent impaired loans | 676 | 1,270 | ||
Carrying value [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale, at fair value | 287,913 | 345,216 | ||
Carrying value [Member] | Fair value, inputs, level 1 [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Cash and due from banks | 34,480 | 41,126 | ||
Federal funds sold | 204 | 1,299 | ||
Federal Home Loan Bank stock | 13,964 | 11,851 | ||
Accrued interest receivable | 4,549 | 4,007 | ||
Federal funds purchased and securities sold under agreements to repurchase | 3,870 | 16,622 | ||
Other short-term borrowings | 40,000 | 0 | ||
Accrued interest payable | 455 | 429 | ||
Carrying value [Member] | Fair value, inputs, level 2 [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Held-to-maturity securities | 51,364 | 0 | ||
Loans held-for-sale | 343 | 2,230 | ||
Loans, net | 1,069,732 | 977,929 | ||
Deposits | 1,205,262 | 1,163,842 | ||
Subordinated notes | 20,619 | 20,619 | ||
Federal Home Loan Bank advances, net of discount | 96,511 | 95,392 | ||
Long-term debt | 13,491 | 15,935 | ||
Carrying value [Member] | Fair value, inputs, level 3 [Member] | Commitments to extend credit | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability | 0 | 0 | ||
Carrying value [Member] | Fair value, inputs, level 3 [Member] | Standby letters of credit | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability | 0 | 0 | ||
Carrying value [Member] | Interest Rate Swap [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Derivative asset | 1,103 | 3,415 | ||
Approximate fair value [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Investment securities available for sale, at fair value | 287,913 | 345,216 | ||
Approximate fair value [Member] | Fair value, inputs, level 1 [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Cash and due from banks | 34,480 | 41,126 | ||
Federal funds sold | 204 | 1,299 | ||
Federal Home Loan Bank stock | 13,964 | 11,851 | ||
Accrued interest receivable | 4,549 | 4,007 | ||
Federal funds purchased and securities sold under agreements to repurchase | 3,870 | 16,622 | ||
Other short-term borrowings | 40,000 | 0 | ||
Accrued interest payable | 455 | 429 | ||
Approximate fair value [Member] | Fair value, inputs, level 2 [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Held-to-maturity securities | 51,120 | 0 | ||
Loans held-for-sale | 349 | 2,242 | ||
Loans, net | 1,081,584 | [1] | 990,811 | [1] |
Deposits | 1,205,937 | 1,165,112 | ||
Subordinated notes | 13,310 | 11,819 | ||
Federal Home Loan Bank advances, net of discount | 95,605 | 94,785 | ||
Long-term debt | 13,380 | 16,112 | ||
Approximate fair value [Member] | Fair value, inputs, level 3 [Member] | Commitments to extend credit | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability | 0 | 0 | ||
Approximate fair value [Member] | Fair value, inputs, level 3 [Member] | Standby letters of credit | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability | 0 | 0 | ||
Approximate fair value [Member] | Interest Rate Swap [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Derivative asset | $1,103 | $3,415 | ||
[1] | All loans are Level 2 except impaired loans of $676 and $1,270 as of SeptemberB 30, 2014 and DecemberB 31, 2013, respectively, which are level 3. |
Fair_Value_Measurements_Narrat
Fair Value Measurements Narrative (Details) (Fair Value, measurements, recurring [Member], USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 |
Fair Value, measurements, recurring [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Transfers between levels, fair value disclosure | $0 |
Comprehensive_Income_Changes_i
Comprehensive Income Changes in Accumulated Other Comprehensive Income (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Accumulated Other Comprehensive Income, Changes [Roll Forward] | ' | ' | ' | ' |
Accumulated other comprehensive income (loss), balance beg. of period | ' | ' | ($3,538) | ' |
Other comprehensive income (loss), net of tax | 347 | -3,155 | 3,115 | -5,301 |
Accumulated other comprehensive income (loss), balance end of period | -423 | ' | -423 | ' |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | Noncredit-related Unrealized Gains Losses on Securities with OTTI [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income, Changes [Roll Forward] | ' | ' | ' | ' |
Accumulated other comprehensive income (loss), balance beg. of period | ' | ' | -1,439 | -1,759 |
Other comprehensive income (loss) before reclassifications, net of tax | ' | ' | 361 | 290 |
Amounts reclassified from accumulated other comprehensive income, net of tax. | ' | ' | 0 | 0 |
Other comprehensive income (loss), net of tax | ' | ' | 361 | 290 |
Accumulated other comprehensive income (loss), balance end of period | -1,078 | -1,469 | -1,078 | -1,469 |
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] | ' | ' | ' | ' |
Accumulated other comprehensive income (loss), balance beg. of period | ' | ' | -4,217 | 4,146 |
Other comprehensive income (loss) before reclassifications, net of tax | ' | ' | 4,634 | -7,573 |
Amounts reclassified from accumulated other comprehensive income, net of tax. | ' | ' | -446 | 0 |
Other comprehensive income (loss), net of tax | ' | ' | 4,188 | -7,573 |
Accumulated other comprehensive income (loss), balance end of period | -29 | -3,427 | -29 | -3,427 |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income, Changes [Roll Forward] | ' | ' | ' | ' |
Accumulated other comprehensive income (loss), balance beg. of period | ' | ' | 2,118 | -461 |
Other comprehensive income (loss) before reclassifications, net of tax | ' | ' | -1,479 | 1,982 |
Amounts reclassified from accumulated other comprehensive income, net of tax. | ' | ' | 45 | 0 |
Other comprehensive income (loss), net of tax | ' | ' | -1,434 | 1,982 |
Accumulated other comprehensive income (loss), balance end of period | 684 | 1,521 | 684 | 1,521 |
Accumulated Other Comprehensive Income (Loss) [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income, Changes [Roll Forward] | ' | ' | ' | ' |
Accumulated other comprehensive income (loss), balance beg. of period | ' | ' | -3,538 | 1,926 |
Other comprehensive income (loss) before reclassifications, net of tax | ' | ' | 3,516 | -5,301 |
Amounts reclassified from accumulated other comprehensive income, net of tax. | ' | ' | -401 | 0 |
Other comprehensive income (loss), net of tax | ' | ' | 3,115 | -5,301 |
Accumulated other comprehensive income (loss), balance end of period | ($423) | ($3,375) | ($423) | ($3,375) |
Deferred_Income_Taxes_Details
Deferred Income Taxes (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Components of Deferred Tax Assets and Liabilities [Abstract] | ' | ' |
Allowance for loan losses | $5,071 | $5,241 |
Net unrealized losses on securities available for sale | 678 | 3,466 |
Investment security impairment | 106 | 106 |
Intangibles | 1,156 | 1,387 |
Other real estate owned | 1,016 | 1,572 |
Accrued expenses | 796 | 819 |
Restricted stock compensation | 116 | 140 |
State net operating loss carryforward | 825 | 647 |
Capital loss carryforward | 4,063 | 4,063 |
Deferred tax assets, other | 44 | 56 |
Net deferred loan fees and costs | -333 | -280 |
Net unrealized gains on interest rate swaps | -418 | -1,297 |
Premises and equipment | -419 | -559 |
Loans | 0 | -1,038 |
Deferred Tax Liabilities, Other | -339 | -314 |
Net deferred tax assets before valuation allowance | 12,362 | 14,009 |
Valuation allowance | -4,994 | -4,816 |
Net deferred tax assets | $7,368 | $9,193 |
Commitments_and_Contingencies_2
Commitments and Contingencies (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Commitments [Line Items] | ' | ' |
Outstanding loan commitments | $484,403 | $391,743 |
Commitments to extend credit [Member] | ' | ' |
Commitments [Line Items] | ' | ' |
Outstanding loan commitments | 469,749 | 388,197 |
Standby letters of credit [Member] | ' | ' |
Commitments [Line Items] | ' | ' |
Outstanding loan commitments | $14,654 | $3,546 |
Commitments_and_Contingencies_3
Commitments and Contingencies Narrative (Details) (USD $) | Sep. 30, 2014 |
In Thousands, unless otherwise specified | |
Other Commitments [Line Items] | ' |
Present value of credit enhancement fees | $476 |
Other Commitments [Domain] | ' |
Other Commitments [Line Items] | ' |
Commitments to invest in qualified affordable housing projects | $4,635 |