Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Nov. 07, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-14 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Document Fiscal Year Focus | '2014 | ' |
Entity Registrant Name | 'BANK OF THE JAMES FINANCIAL GROUP INC | ' |
Entity Central Index Key | '0001275101 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 3,364,874 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Assets | ' | ' |
Cash and due from banks | $14,850,000 | $16,671,000 |
Securities held-to-maturity (fair value of $2,702 in 2014 and $3,740 in 2013) | 2,530,000 | 3,537,000 |
Securities available-for-sale, at fair value | 33,940,000 | 46,091,000 |
Restricted stock, at cost | 1,289,000 | 1,428,000 |
Loans, net of allowance for loan losses of $4,874 in 2014 and $5,186 in 2013 | 373,390,000 | 339,994,000 |
Loans held for sale | 2,003,000 | 1,921,000 |
Premises and equipment, net | 8,177,000 | 8,408,000 |
Software, net | 384,000 | 268,000 |
Interest receivable | 1,219,000 | 1,360,000 |
Cash value - bank owned life insurance | 9,443,000 | 9,230,000 |
Other real estate owned, net of valuation allowance | 1,160,000 | 1,451,000 |
Income taxes receivable | 415,000 | 448,000 |
Deferred tax asset, net | 1,836,000 | 2,628,000 |
Other assets | 1,050,000 | 1,076,000 |
Total assets | 451,686,000 | 434,511,000 |
Deposits | ' | ' |
Noninterest bearing demand | 77,507,000 | 63,256,000 |
NOW, money market and savings | 224,257,000 | 226,709,000 |
Time | 97,067,000 | 97,433,000 |
Total deposits | 398,831,000 | 387,398,000 |
Federal funds purchased | 5,976,000 | 4,108,000 |
FHLB borrowings | 2,000,000 | 2,000,000 |
Capital notes | 10,000,000 | 10,000,000 |
Interest payable | 58,000 | 65,000 |
Other liabilities | 1,385,000 | 1,168,000 |
Total liabilities | 418,250,000 | 404,739,000 |
Stockholders' equity | ' | ' |
Common stock $2.14 par value; authorized 10,000,000 shares; issued and outstanding 3,364,874 as of September 30, 2014 and December 31, 2013 | 7,201,000 | 7,201,000 |
Preferred stock; authorized 1,000,000 shares; 0 issued and outstanding as of September 30, 2014 and December 31, 2013 | ' | ' |
Additional paid-in-capital | 22,868,000 | 22,868,000 |
Accumulated other comprehensive income (loss) | -883,000 | -2,421,000 |
Retained earnings | 4,250,000 | 2,124,000 |
Total stockholders' equity | 33,436,000 | 29,772,000 |
Total liabilities and stockholders' equity | $451,686,000 | $434,511,000 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Consolidated Balance Sheets [Abstract] | ' | ' |
Securities held-to-maturity | $2,702 | $3,740 |
Loans, allowance for loan losses | $4,874 | $5,186 |
Common stock, par value | $2.14 | $2.14 |
Common stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, shares issued | 3,364,874 | 3,364,874 |
Common stock, shares outstanding | 3,364,874 | 3,364,874 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Consolidated_Statements_Of_Inc
Consolidated Statements Of Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Interest Income | ' | ' | ' | ' |
Loans | $4,453 | $4,213 | $12,909 | $12,575 |
Securities | ' | ' | ' | ' |
US Government and agency obligations | 172 | 182 | 526 | 544 |
Mortgage backed securities | 13 | 25 | 71 | 39 |
Municipals | 71 | 124 | 291 | 417 |
Dividends | 5 | 4 | 37 | 34 |
Other (Corporates) | 8 | 16 | 34 | 44 |
Federal Funds sold | 4 | 9 | 13 | 24 |
Total interest income | 4,726 | 4,573 | 13,881 | 13,677 |
Deposits | ' | ' | ' | ' |
NOW, money market savings | 125 | 121 | 364 | 369 |
Time Deposits | 281 | 316 | 879 | 956 |
Federal Funds purchased | 2 | ' | 4 | ' |
FHLB borrowings | 19 | 19 | 57 | 57 |
Reverse repurchase agreements | ' | ' | 1 | ' |
Capital notes | 150 | 150 | 450 | 450 |
Total interest expense | 577 | 606 | 1,755 | 1,832 |
Net interest income | 4,149 | 3,967 | 12,126 | 11,845 |
Provision for loan losses | ' | ' | 55 | 290 |
Net interest income after provision for loan losses | 4,149 | 3,967 | 12,071 | 11,555 |
Other Operating Income | ' | ' | ' | ' |
Mortgage fee income | 518 | 295 | 1,214 | 954 |
Service charges, fees and commissions | 322 | 351 | 1,036 | 979 |
Increase in cash value of life insurance | 70 | 75 | 213 | 226 |
Other | 13 | 37 | 54 | 74 |
Gain on sale of available-for-sale securities, net | 6 | 11 | 86 | 405 |
Total other operating income | 929 | 769 | 2,603 | 2,638 |
Other operating expenses | ' | ' | ' | ' |
Salaries and employee benefits | 1,978 | 1,755 | 5,767 | 5,257 |
Occupancy | 287 | 302 | 912 | 892 |
Equipment | 322 | 259 | 937 | 760 |
Supplies | 92 | 84 | 294 | 267 |
Professional, data processing, and other outside expense | 593 | 582 | 1,768 | 1,712 |
Marketing | 113 | 93 | 342 | 274 |
Credit expense | 80 | 55 | 167 | 174 |
Other real estate expenses | 9 | 60 | 166 | 400 |
FDIC insurance expense | 77 | 143 | 184 | 430 |
Other | 188 | 235 | 568 | 604 |
Total other operating expenses | 3,739 | 3,568 | 11,105 | 10,770 |
Income before income taxes | 1,339 | 1,168 | 3,569 | 3,423 |
Income tax expense | 425 | 355 | 1,107 | 1,025 |
Net Income | $914 | $813 | $2,462 | $2,398 |
Weighted average shares outstanding - basic | 3,364,874 | 3,352,725 | 3,364,874 | 3,352,725 |
Weighted average shares outstanding- diluted | 3,364,874 | 3,356,874 | 3,364,874 | 3,354,290 |
Income per common share - basic | $0.27 | $0.24 | $0.73 | $0.72 |
Income per common share - diluted | $0.27 | $0.24 | $0.73 | $0.71 |
Consolidated_Statements_Of_Com
Consolidated Statements Of Comprehensive Income (Loss) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Consolidated Statements Of Comprehensive Income (Loss) [Abstract] | ' | ' | ' | ' | ||||
Net Income | $914 | $813 | $2,462 | $2,398 | ||||
Other comprehensive income (loss): | ' | ' | ' | ' | ||||
Unrealized gains (losses) on securities available-for-sale net of deferred taxes of $33 and $(319) for the three month periods and $821 and $(1,290) for the nine month periods ended September 30, 2014 and 2013 respectively. | 61 | -621 | 1,595 | -2,506 | ||||
Reclassification adjustment for (gains) included in net income, net of taxes of $(2) and $(4) for the three month periods and $(29) and $(138) for the nine month periods ended September 30, 2014 and 2013 respectively | -4 | [1] | -7 | [1] | -57 | [1] | -267 | [1] |
Other comprehensive income (loss), net of tax | 57 | -628 | 1,538 | -2,773 | ||||
Comprehensive income (loss) | $971 | $185 | $4,000 | ($375) | ||||
[1] | Gains are included in net bgain on sale of available-for-sale securitiesb on the consolidated statements of income. |
Consolidated_Statements_Of_Com1
Consolidated Statements Of Comprehensive Income (Loss) (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Consolidated Statements Of Comprehensive Income (Loss) [Abstract] | ' | ' | ' | ' | ||||
Unrealized (losses) gains on securities available-for-sale, deferred tax | $33 | ($319) | $821 | ($1,290) | ||||
Reclassification adjustment for gains (loss) included in net income, tax | ($2) | [1] | ($4) | [1] | ($29) | [1] | ($138) | [1] |
[1] | The tax effect on these reclassifications is reflected in bincome tax expenseb on the consolidated statements of income. |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Cash flows from operating activities | ' | ' | ' |
Net Income | $2,462 | $2,398 | ' |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Depreciation | 546 | 521 | ' |
Net amortization and accretion of premiums and discounts on securities | 199 | 260 | ' |
(Gain) on sale of available for sale securities | -86 | -405 | ' |
(Gain) on sale of assets | -3 | ' | ' |
Provision for loan losses | 55 | 290 | 540 |
(Gain) loss on sale of other real estate owned | -1 | 40 | ' |
Impairment of other real estate owned | 178 | 304 | ' |
(Increase) decrease in loans held-for-sale | -82 | 105 | ' |
(Increase) in cash value of life insurance | -213 | -226 | ' |
Decrease in interest receivable | 141 | 248 | ' |
Decrease in other assets | 26 | 204 | ' |
Decrease in income taxes receivable | 33 | 2 | ' |
(Decrease) in interest payable | -7 | -3 | ' |
Increase in other liabilities | 217 | 256 | ' |
Net cash provided by operating activities | 3,465 | 3,994 | ' |
Cash flows from investing activities | ' | ' | ' |
Purchases of securities held to maturity | ' | -485 | ' |
Proceeds from maturities and calls of securities held to maturity | 1,000 | ' | ' |
Purchases of securities available for sale | -3,139 | -25,162 | ' |
Proceeds from maturities, calls and paydowns of securities available-for-sale | 120 | 2,188 | ' |
Proceeds from sale of securities available for sale | 17,394 | 22,418 | ' |
Redemption of Federal Home Loan Bank stock | 139 | 110 | ' |
Proceeds from sale of other real estate owned | 318 | 777 | ' |
Origination of loans, net of principal collected | -33,655 | -11,550 | ' |
Proceeds from sale of fixed assets | 3 | ' | ' |
Purchases of premises and equipment | -431 | -616 | ' |
Net cash (used in) investing activities | -18,251 | -12,320 | ' |
Cash flows from financing activities | ' | ' | ' |
Net increase (decrease) in deposits | 11,433 | -5,887 | ' |
Net increase in federal funds purchased | 1,868 | ' | ' |
Dividends paid to common stockholders | -336 | ' | ' |
Net cash provided by (used in) financing activities | 12,965 | -5,887 | ' |
(Decrease) in cash and cash equivalents | -1,821 | -14,213 | ' |
Cash and cash equivalents at beginning of period | 16,671 | 40,998 | 40,998 |
Cash and cash equivalents at end of period | 14,850 | 26,785 | 16,671 |
Non cash transactions | ' | ' | ' |
Transfer of loans to foreclosed assets | 459 | 710 | ' |
Portion of foreclosed assets financed | 255 | 347 | ' |
Fair value adjustment for securities | 2,330 | -4,201 | ' |
Cash transactions | ' | ' | ' |
Cash paid for interest | 1,762 | 1,835 | ' |
Cash paid for taxes | $1,075 | $1,023 | ' |
Consolidated_Statements_Of_Cha
Consolidated Statements Of Changes In Stockholders' Equity (USD $) | Common Stock [Member] | Additional Paid-In Capital [Member] | Retained Earnings (Deficit) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total |
In Thousands, except Share data | |||||
Balance at Dec. 31, 2012 | $7,175 | $22,806 | ($936) | $568 | $29,613 |
Balance, shares at Dec. 31, 2012 | 3,352,725 | ' | ' | ' | ' |
Net Income | ' | ' | 2,398 | ' | 2,398 |
Other Comprehensive Income (Loss) | ' | ' | ' | -2,773 | -2,773 |
Balance at Sep. 30, 2013 | 7,175 | 22,806 | 1,462 | -2,205 | 29,238 |
Balance, shares at Sep. 30, 2013 | 3,352,725 | ' | ' | ' | ' |
Balance at Dec. 31, 2013 | 7,201 | 22,868 | 2,124 | -2,421 | 29,772 |
Balance, shares at Dec. 31, 2013 | 3,364,874 | ' | ' | ' | ' |
Net Income | ' | ' | 2,462 | ' | 2,462 |
Dividends paid on common stock (total of $0.10 per share year-to-date) | ' | ' | -336 | ' | -336 |
Other Comprehensive Income (Loss) | ' | ' | ' | 1,538 | 1,538 |
Balance at Sep. 30, 2014 | $7,201 | $22,868 | $4,250 | ($883) | $33,436 |
Balance, shares at Sep. 30, 2014 | 3,364,874 | ' | ' | ' | ' |
Consolidated_Statements_Of_Cha1
Consolidated Statements Of Changes In Stockholders' Equity (Parenthetical) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Consolidated Statements Of Changes In Stockholders' Equity [Abstract] | ' |
Dividend paid on common stock, per share | $0.10 |
Basis_Of_Presentation
Basis Of Presentation | 9 Months Ended |
Sep. 30, 2014 | |
Basis Of Presentation [Abstract] | ' |
Basis Of Presentation | ' |
Note 1 – Basis of Presentation | |
The unaudited consolidated financial statements have been prepared by Bank of the James Financial Group, Inc. (“Financial” or the “Company”) pursuant to the rules and regulations of the Securities and Exchange Commission. In management’s opinion the accompanying financial statements, which unless otherwise noted are unaudited, reflect all adjustments, consisting solely of normal recurring accruals, necessary for a fair presentation of the financial information as of and for the three and nine months ended September 30, 2014 and 2013 in conformity with accounting principles generally accepted in the United States of America. Additional information concerning the organization and business of Financial, accounting policies followed, and other related information is contained in Financial’s Annual Report on Form 10-K for the year ended December 31, 2013. These financial statements should be read in conjunction with the audited consolidated financial statements and footnotes for the year ended December 31, 2013 included in Financial’s Annual Report on Form 10-K. Results for the three and nine month periods ended September 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014. | |
The Company’s primary market area consists of the area commonly referred to as Region 2000 which encompasses the seven jurisdictions of the Town of Altavista, Amherst County, Appomattox County, the Town of Bedford, Bedford County, Campbell County, and the City of Lynchburg. | |
Financial’s critical accounting policy relates to the evaluation of the allowance for loan losses which is based on management’s opinion of an amount that is adequate to absorb loss in the existing loan portfolio of Bank of the James (the “Bank”), Financial’s wholly-owned subsidiary. The allowance for loan losses is established through a provision for loan loss based on available information including the composition of the loan portfolio, historical loan losses, specific impaired loans, availability and quality of collateral, age of the various portfolios, changes in local economic conditions, and loan performance and quality of the portfolio. Different assumptions used in evaluating the adequacy of the Bank’s allowance for loan losses could result in material changes in Financial’s financial condition and results of operations. The Bank’s policies with respect to the methodology for determining the allowance for loan losses involve a higher degree of complexity and require management to make subjective judgments that often require assumptions or estimates about uncertain matters. These critical policies and their assumptions are periodically reviewed with the Board of Directors. | |
Use_Of_Estimates
Use Of Estimates | 9 Months Ended |
Sep. 30, 2014 | |
Use Of Estimates [Abstract] | ' |
Use Of Estimates | ' |
Note 2 – Use of Estimates | |
The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America which require management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. | |
Earnings_Per_Share
Earnings Per Share | 9 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Earnings Per Share [Abstract] | ' | |||||||
Earnings Per Share | ' | |||||||
Note 3 – Earnings Per Share | ||||||||
Currently, only the option shares granted to certain officers and other employees of Financial pursuant to the Amended and Restated Stock Option Plan of 1999 Financial (the “1999 Plan”) are considered in calculating dilutive earnings per share. The following is a summary of the earnings per share calculation for the three and nine months ended September 30, 2014 and 2013. | ||||||||
Note 3 – Earnings Per Share (continued) | ||||||||
Three Months Ended | Year to date | |||||||
September 30, | September 30, | |||||||
2014 | 2013 | 2014 | 2013 | |||||
Net income | $ 914,000 | $ 813,000 | $ 2,462,000 | $ 2,398,000 | ||||
Weighted average number of shares | 3,364,874 | 3,352,725 | 3,364,874 | 3,352,725 | ||||
Options affect of incremental shares | - | 4,149 | - | 1,565 | ||||
Weighted average diluted shares | 3,364,874 | 3,356,874 | 3,364,874 | 3,354,290 | ||||
Basic EPS (weighted avg shares) | $ 0.27 | $ 0.24 | $ 0.73 | $ 0.72 | ||||
Diluted EPS (Including Option Shares) | $ 0.27 | $ 0.24 | $ 0.73 | $ 0.71 | ||||
The following table sets forth the incremental shares associated with option shares that were not included in calculating the diluted earnings because their effect was anti-dilutive: | ||||||||
Three months ended | Nine months ended | |||||||
September 30, | September 30, | |||||||
2014 | 2013 | 2014 | 2013 | |||||
Incremental shares excluded from calculating diluted EPS because their effect was anti-dilutive | 110,147 | 113,294 | 110,645 | 168,069 | ||||
Stock_Based_Compensation
Stock Based Compensation | 9 Months Ended | ||||
Sep. 30, 2014 | |||||
Stock Based Compensation [Abstract] | ' | ||||
Stock Based Compensation | ' | ||||
Note 4 – Stock Based Compensation | |||||
Accounting standards require companies to recognize the cost of employee services received in exchange for awards of equity instruments, such as stock options and restricted stock, based on the fair value of those awards at the date of grant. | |||||
Note 4 – Stock Based Compensation (continued) | |||||
Stock option plan activity for the nine months ended September 30, 2014 is summarized below: | |||||
Weighted | |||||
Weighted | Average | ||||
Average | Remaining | Average | |||
Exercise | Contractual | Intrinsic | |||
Shares | Price | Life (in years) | Value | ||
Options outstanding, January 1, 2014 | 111,371 | $ 10.73 | |||
Granted | - | - | |||
Exercised | - | - | |||
Forfeited | -1,224 | 10.23 | |||
Options outstanding, September 30, 2014 | 110,147 | 10.74 | 0.8 | $ - | |
Options exercisable, September 30, 2014 | 110,147 | $ 10.74 | 0.8 | $ - | |
Intrinsic value is calculated by subtracting the exercise price of option shares from the market price of underlying shares as of September 30, 2014 and multiplying that amount by the number of options outstanding. No intrinsic value exists where the exercise price is greater than the market price on a given date. | |||||
All compensation expense related to the foregoing stock option plan has been recognized. The Company’s ability to grant additional options shares under the 1999 Plan has expired. | |||||
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | |||||||||||
Sep. 30, 2014 | ||||||||||||
Fair Value Measurements [Abstract] | ' | |||||||||||
Fair Value Measurements | ' | |||||||||||
Note 5 – Fair Value Measurements | ||||||||||||
Determination of Fair Value | ||||||||||||
The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. In accordance with the Fair Value Measurements and Disclosures topic of FASB ASC, the fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. | ||||||||||||
The fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. | ||||||||||||
Note 5 – Fair Value Measurements (continued) | ||||||||||||
Fair Value Hierarchy | ||||||||||||
In accordance with this guidance, the Company groups its financial assets and financial liabilities generally measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. | ||||||||||||
· | Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. | |||||||||||
· | Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. | |||||||||||
· | Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. | |||||||||||
Following is a description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy: | ||||||||||||
Securities | ||||||||||||
Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities would include highly liquid government bonds, mortgage products and exchange traded equities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flow. | ||||||||||||
Level 2 securities would include U.S. agency securities, mortgage-backed agency securities, obligations of states and political subdivisions and certain corporate, asset backed and other securities. In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within Level 3 of the valuation hierarchy. Currently, all of the Company’s securities are considered to be Level 2 securities. | ||||||||||||
The following table summarizes the Company’s financial assets that were measured at fair value on a recurring basis during the period. | ||||||||||||
Note 5 – Fair Value Measurements (continued) | ||||||||||||
Carrying Value at September 30, 2014 | ||||||||||||
Description | Balance as of | Quoted Prices | Significant | Significant | ||||||||
September 30, | in Active | Other | Unobservable | |||||||||
2014 | Markets for | Observable | Inputs | |||||||||
Identical Assets | Inputs | (Level 3) | ||||||||||
(Level 1) | (Level 2) | |||||||||||
US Treasuries | $ | $ - | $ | $ - | ||||||||
3,797 | 3,797 | |||||||||||
US agency obligations | 17,789 | - | 17,789 | - | ||||||||
Mortgage-backed securities | 1,951 | - | 1,951 | - | ||||||||
Municipals | 8,403 | - | 8,403 | - | ||||||||
Other (corporates) | 2,000 | - | 2,000 | - | ||||||||
Total available-for-sale securities | $ | $ - | $ | $ - | ||||||||
33,940 | 33,940 | |||||||||||
Carrying Value at December 31, 2013 | ||||||||||||
Description | Balance as of | Quoted Prices | Significant | Significant | ||||||||
December 31, | in Active | Other | Unobservable | |||||||||
2013 | Markets for | Observable | Inputs | |||||||||
Identical Assets | Inputs | (Level 3) | ||||||||||
(Level 1) | (Level 2) | |||||||||||
US Treasuries | $ | $ - | $ | $ - | ||||||||
3,611 | 3,611 | |||||||||||
US agency obligations | 20,108 | - | 20,108 | - | ||||||||
Mortgage-backed securities | 5,311 | - | 5,311 | - | ||||||||
Municipals | 15,138 | - | 15,138 | - | ||||||||
Other (corporates) | 1,923 | - | 1,923 | - | ||||||||
Total available-for-sale securities | $ | $ - | $ | $ - | ||||||||
46,091 | 46,091 | |||||||||||
Impaired loans | ||||||||||||
Loans are designated as impaired when, in the judgment of management based on current information and events, it is probable that all amounts due according to the contractual terms of the loan agreement will not be collected. The measurement of loss associated with impaired loans can be based on either the observable market price of the loan or the fair value of the collateral. Fair value is measured based on the value of the collateral securing the loans. Collateral may be in the form of real estate or business assets including equipment, inventory, and accounts receivable. The vast majority of the collateral is real estate. The value of real estate collateral is determined utilizing an income or market valuation approach based on an appraisal conducted by an independent, licensed appraiser outside of the Bank using observable market data (Level 2). However, if the collateral is a house or building in the process of construction or if an appraisal of the real estate property is over one year old, then the fair value is considered Level 3. The value of business equipment is based upon an outside appraisal if deemed significant, or the net book value on the applicable business’ financial statements if not considered significant using observable market data. Likewise, values for inventory and accounts receivables collateral are based on financial statement balances or aging reports (Level 3). Any fair value adjustments are recorded in the period incurred as provision for loan losses on the Consolidated Statements of Income. | ||||||||||||
Note 5 – Fair Value Measurements (continued) | ||||||||||||
Loans held for sale | ||||||||||||
Loans held for sale are carried at estimated fair value. These loans currently consist of one-to-four family residential loans originated for sale in the secondary market. Fair value is based on the price secondary markets are currently offering for similar loans using observable market data which is not materially different than cost due to the short duration between origination and sale (Level 2). As such, the Company records fair value adjustments on a nonrecurring basis. No nonrecurring fair value adjustments were recorded on loans held for sale during the period ended September 30, 2014. Gains and losses on the sale of loans are recorded within mortgage fee income on the Consolidated Statements of Income. | ||||||||||||
Other real estate owned | ||||||||||||
Certain assets such as other real estate owned (OREO) are measured at fair value less cost to sell. We believe that the fair value component in its valuation follows the provisions of ASC 820. | ||||||||||||
Real estate acquired through foreclosure is transferred to OREO. The measurement of loss associated with OREO is based on the fair value of the collateral compared to the unpaid loan balance and anticipated costs to sell the property. The value of OREO collateral is determined utilizing an income or market valuation approach based on an appraisal conducted by an independent, licensed appraiser outside of the Bank using observable market data. | ||||||||||||
Any fair value adjustments are recorded in the period incurred and expensed against current earnings. The carrying values of all OREO properties are considered to be Level 3. | ||||||||||||
The following table summarizes the Company’s impaired loans, loans held for sale, and OREO measured at fair value on a nonrecurring basis during the period (in thousands). | ||||||||||||
Carrying Value at September 30, 2014 | ||||||||||||
Description | Balance as of September 30, 2014 | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | ||||||||
Impaired loans* | $ | $ - | $ - | $ | ||||||||
4,842 | 4,842 | |||||||||||
Loans held for sale | 2,003 | - | 2,003 | - | ||||||||
Other real estate owned | 1,160 | - | - | 1,160 | ||||||||
* Includes loans charged down during the quarter to the net realizable value of the collateral. | ||||||||||||
Carrying Value at December 31, 2013 | ||||||||||||
Description | Balance as of December 31, 2013 | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | ||||||||
Impaired loans* | $ | $ - | $ - | $ | ||||||||
4,307 | 4,307 | |||||||||||
Loans held for sale | 1,921 | - | 1,921 | - | ||||||||
Other real estate owned | 1,451 | - | - | 1,451 | ||||||||
* Includes loans charged down during the quarter to the net realizable value of the collateral. | ||||||||||||
Note 5 – Fair Value Measurements (continued) | ||||||||||||
The following table sets forth information regarding the quantitative inputs used to value assets classified as Level 3: | ||||||||||||
Quantitative information about Level 3 Fair Value Measurements for September 30, 2014 | ||||||||||||
(dollars in thousands) | ||||||||||||
Fair Value | Valuation Technique(s) | Unobservable Input | Range (Weighted Average) | |||||||||
Assets | ||||||||||||
Impaired loans | $ | Discounted appraised value | Selling cost | 5% - 10% (6%) | ||||||||
4,842 | ||||||||||||
Discount for lack of marketability and age of appraisal | 0% - 25% (15%) | |||||||||||
OREO | 1,160 | Discounted appraised value | Selling cost | 5% - 10% (6%) | ||||||||
Discount for lack of marketability and age of appraisal | 0% - 25% (15%) | |||||||||||
Financial Instruments | ||||||||||||
Cash, cash equivalents and Federal Funds sold | ||||||||||||
The carrying amounts of cash and short-term instruments approximate fair values. | ||||||||||||
Loans | ||||||||||||
For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. Fair values for certain fixed rate loans are based on quoted market prices of similar loans adjusted for differences in loan characteristics. Fair values for other loans such as commercial real estate and commercial and industrial loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. Fair values of impaired loans are estimated as described above. The carrying values of all loans are considered to be Level 3. | ||||||||||||
Bank Owned Life Insurance (BOLI) | ||||||||||||
The carrying amount approximates fair value. The carrying values of all BOLI is considered to be Level 2. | ||||||||||||
Note 5 – Fair Value Measurements (continued) | ||||||||||||
Deposits | ||||||||||||
Fair values disclosed for demand deposits (e.g., interest and noninterest checking, savings, and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for fixed rate certificates of deposit are estimated using discounted cash flow analyses that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits. The carrying values of all deposits are considered to be Level 2. | ||||||||||||
FHLB borrowings | ||||||||||||
The fair value of FHLB borrowings is estimated using discounted cash flow analysis based on the rates currently offered for borrowings of similar remaining maturities and collateral requirements. The carrying values of all FHLB borrowings are considered to be Level 2. | ||||||||||||
Short-term borrowings | ||||||||||||
The carrying amounts of federal funds purchased, borrowings under repurchase agreements, and other short-term borrowings maturing within ninety days approximate fair value. The carrying values of all short term borrowings are considered to be Level 2. | ||||||||||||
Capital notes | ||||||||||||
Fair values of capital notes are based on market prices for debt securities having similar maturity and interest rate characteristics. The carrying values of all capital notes are considered to be Level 2. | ||||||||||||
Accrued interest | ||||||||||||
The carrying amounts of accrued interest approximate fair value. The carrying values of all accrued interest is considered to be Level 2. | ||||||||||||
Off-balance sheet credit-related instruments | ||||||||||||
Fair values for off-balance sheet, credit-related financial instruments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. Fair value of off-balance sheet credit-related instruments were deemed to be immaterial at September 30, 2014 and December 31, 2013 and therefore are not included in the table below. | ||||||||||||
Note 5 – Fair Value Measurements (continued) | ||||||||||||
The estimated fair values, and related carrying or notional amounts, of Financial’s financial instruments are as follows (in thousands): | ||||||||||||
Fair Value Measurements at September 30, 2014 using | ||||||||||||
Quoted Prices | Significant | |||||||||||
in Active | Other | Significant | ||||||||||
Markets for | Observable | Unobservable | ||||||||||
Carrying | Identical Assets | Inputs | Inputs | |||||||||
Assets | Amounts | (Level 1) | (Level 2) | (Level 3) | Balance | |||||||
Cash and due from banks | $ | $ | $ - | $ - | $ | |||||||
14,850 | 14,850 | 14,850 | ||||||||||
Securities | ||||||||||||
Available-for-sale | 33,940 | - | 33,940 | - | 33,940 | |||||||
Held-to-maturity | 2,530 | - | 2,702 | - | 2,702 | |||||||
Loans, net | 373,390 | - | - | 378,841 | 378,841 | |||||||
Loans held for sale | 2,003 | - | 2,003 | - | 2,003 | |||||||
Interest receivable | 1,219 | - | 1,219 | - | 1,219 | |||||||
BOLI | 9,443 | - | 9,443 | - | 9,443 | |||||||
Liabilities | ||||||||||||
Deposits | $ | $ - | $ | $ - | $ | |||||||
398,831 | 400,006 | 400,006 | ||||||||||
FHLB borrowings | 2,000 | - | 2,009 | - | 2,009 | |||||||
Federal funds purchased | 5,976 | 5,976 | - | - | 5,976 | |||||||
Capital notes | 10,000 | - | 10,045 | - | 10,045 | |||||||
Interest payable | 58 | - | 58 | - | 58 | |||||||
Fair Value Measurements at December 31, 2013 using | ||||||||||||
Quoted Prices | Significant | |||||||||||
in Active | Other | Significant | ||||||||||
Markets for | Observable | Unobservable | ||||||||||
Carrying | Identical Assets | Inputs | Inputs | |||||||||
Assets | Amounts | (Level 1) | (Level 2) | (Level 3) | Balance | |||||||
Cash and due from banks | $ | $ | $ - | $ - | $ | |||||||
16,671 | 16,671 | 16,671 | ||||||||||
Securities | ||||||||||||
Available-for-sale | 46,091 | - | 46,091 | - | 46,091 | |||||||
Held-to-maturity | 3,537 | - | 3,740 | - | 3,740 | |||||||
Loans, net | 339,994 | - | - | 346,658 | 346,658 | |||||||
Loans held for sale | 1,921 | - | 1,921 | - | 1,921 | |||||||
Interest receivable | 1,360 | - | 1,360 | - | 1,360 | |||||||
BOLI | 9,230 | - | 9,230 | - | 9,230 | |||||||
Liabilities | ||||||||||||
Deposits | $ | $ - | $ | $ - | $ | |||||||
387,398 | 388,363 | 388,363 | ||||||||||
FHLB borrowings | 2,000 | - | 2,018 | - | 2,018 | |||||||
Federal funds purchased | 4,108 | 4,108 | - | - | 4,108 | |||||||
Capital notes | 10,000 | - | 10,091 | - | 10,091 | |||||||
Interest payable | 65 | - | 65 | - | 65 | |||||||
Note 5 – Fair Value Measurements (continued) | ||||||||||||
Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time Financial’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of Financial’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment, and therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. | ||||||||||||
Fair value estimates are based on existing on-balance-sheet and off-balance-sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Significant assets that are not considered financial assets include deferred income taxes and bank premises and equipment; a significant liability that is not considered a financial liability is accrued post-retirement benefits. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates. | ||||||||||||
Financial assumes interest rate risk (the risk that general interest rate levels will change) as a result of its normal operations. As a result, the fair values of Financial’s financial instruments will change when interest rate levels change, and that change may be either favorable or unfavorable to Financial. Management attempts to match maturities of assets and liabilities to the extent believed necessary to minimize interest rate risk. However, borrowers with fixed rate obligations are less likely to prepay in a rising rate environment and more likely to prepay in a falling rate environment. Conversely, depositors who are receiving fixed rates are more likely to withdraw funds before maturity in a rising rate environment and less likely to do so in a falling rate environment. | ||||||||||||
Management monitors rates and maturities of assets and liabilities and attempts to minimize interest rate risk by adjusting terms of new loans and deposits and by investing in securities with terms that mitigate Financial’s overall interest rate risk. | ||||||||||||
Capital_Notes
Capital Notes | 9 Months Ended |
Sep. 30, 2014 | |
Capital Notes [Abstract] | ' |
Capital Notes | ' |
Note 6 – Capital Notes | |
During the third quarter of 2012, Financial closed the private placement of unregistered debt securities (the “2012 Offering”) pursuant to which Financial issued $10,000,000 in principal of notes (the “2012 Notes”). The 2012 Notes have not been and will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The 2012 Notes bear interest at the rate of 6% per year with interest payable quarterly in arrears. The notes mature on April 1, 2017, but are subject to prepayment in whole or in part on or after April 1, 2013 at Financial’s sole discretion on 30 days written notice to the holders. Financial used $7,000,000 of the proceeds from the 2012 Offering in April 2012 to pay, on maturity, the principal due on notes issued in 2009. | |
Investments
Investments | 9 Months Ended | ||||||
Sep. 30, 2014 | |||||||
Investments [Abstract] | ' | ||||||
Investments | ' | ||||||
Note 7 - Investments | |||||||
The following tables summarize the Bank’s holdings for both securities held-to-maturity and securities available-for-sale as of September 30, 2014 and December 31, 2013 (amounts in thousands): | |||||||
30-Sep-14 | |||||||
Amortized | Gross Unrealized | Fair Value | |||||
Costs | Gains | (Losses) | |||||
Held-to-Maturity | |||||||
US agency obligations | $ | $ | $ - | $ | |||
2,530 | 172 | 2,702 | |||||
Available-for-Sale | |||||||
US Treasuries | $ | $ - | $ | $ | |||
3,914 | -117 | 3,797 | |||||
US agency obligations | 18,859 | - | -1,070 | 17,789 | |||
Mortgage-backed securities | 2,043 | - | -92 | 1,951 | |||
Municipals | 8,425 | 109 | -131 | 8,403 | |||
Other (corporates) | 2,035 | - | -35 | 2,000 | |||
$ | $ | $ | $ | ||||
35,276 | 109 | -1,445 | 33,940 | ||||
31-Dec-13 | |||||||
Amortized | Gross Unrealized | Fair Value | |||||
Costs | Gains | (Losses) | |||||
Held-to-Maturity | |||||||
US agency obligations | $ | $ | $ - | $ | |||
3,537 | 203 | 3,740 | |||||
Available-for-Sale | |||||||
US Treasuries | $ | $ - | $ | $ | |||
3,907 | -296 | 3,611 | |||||
US agency obligations | 22,544 | - | -2,436 | 20,108 | |||
Mortgage-backed securities | 5,450 | 11 | -150 | 5,311 | |||
Municipals | 15,845 | 35 | -742 | 15,138 | |||
Other (corporates) | 2,011 | - | -88 | 1,923 | |||
$ | $ | $ | $ | ||||
49,757 | 46 | -3,712 | 46,091 | ||||
Note 7 – Investments (continued) | |||||||
The following tables show the gross unrealized losses and fair value of the Bank’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at September 30, 2014 and December 31, 2013 (amounts in thousands): | |||||||
Less than 12 months | More than 12 months | Total | |||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||
30-Sep-14 | Value | Losses | Value | Losses | Value | Losses | |
Description of securities | |||||||
US Treasuries | $ - | $ - | $ | $ | $ | $ | |
3,797 | 117 | 3,797 | 117 | ||||
U.S. agency obligations | 994 | 6 | 16,795 | 1,064 | 17,789 | 1,070 | |
Mortgage-backed securities | - | - | 1,951 | 92 | 1,951 | 92 | |
Municipals | 1,510 | 17 | 4,348 | 114 | 5,858 | 131 | |
Other (corporates) | 1,004 | 11 | 996 | 24 | 2,000 | 35 | |
Total | $ | $ | $ | $ | $ | $ | |
3,508 | 34 | 27,887 | 1,411 | 31,395 | 1,445 | ||
Less than 12 months | More than 12 months | Total | |||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||
31-Dec-13 | Value | Losses | Value | Losses | Value | Losses | |
Description of securities | |||||||
US Treasuries | $ | $ | $ - | $ - | $ | $ | |
3,611 | 296 | 3,611 | 296 | ||||
U.S. agency obligations | 14,087 | 1,473 | 5,021 | 963 | 19,108 | 2,436 | |
Mortgage-backed securities | 4,830 | 150 | - | - | 4,830 | 150 | |
Municipals | 11,163 | 574 | 1,479 | 168 | 12,642 | 742 | |
Other (corporates) | 1,923 | 88 | - | 1,923 | 88 | ||
Total | $ | $ | $ | $ | $ | $ | |
35,614 | 2,581 | 6,500 | 1,131 | 42,114 | 3,712 | ||
Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and may do so more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, (3) the intent of Financial, if any, to sell the security; (4) whether Financial more likely than not will be required to sell the security before recovering its cost; and (5) whether Financial does not expect to recover the security’s entire amortized cost basis (even if Financial does not intend to sell the security). | |||||||
At September 30, 2014, the Company did not consider the unrealized losses as other-than-temporary losses due to the nature of the securities involved. As of September 30, 2014, the Bank owned 31 securities that were being evaluated for other than temporary impairment. Eight of these securities were S&P rated AAA, 22 were S&P rated AA, and one was S&P rated A. As of September 30, 2014, 15 of these securities were direct obligations of the U.S. government or government sponsored entities, 14 were municipal issues, and two were investments in domestic corporate issued securities. | |||||||
Note 7 – Investments (continued) | |||||||
Based on the analysis performed by management as mandated by the Bank’s investment policy, management believes the default risk to be minimal. Because the Bank expects to recover the entire amortized cost basis, no declines currently are deemed to be other-than-temporary. | |||||||
Business_Segments
Business Segments | 9 Months Ended | |||||
Sep. 30, 2014 | ||||||
Business Segments [Abstract] | ' | |||||
Business Segments | ' | |||||
Note 8 – Business Segments | ||||||
The Company has two reportable business segments: (i) a traditional full service community banking segment and, (ii) a mortgage loan origination business. The community banking business segment includes Bank of the James which provides loans, deposits, investments and insurance to retail and commercial customers throughout Region 2000 and other areas within Central Virginia. The mortgage segment provides a variety of mortgage loan products principally within Region 2000. Mortgage loans are originated and sold in the secondary market through purchase commitments from investors with servicing released. Because of the pre-arranged purchase commitments, there is minimal risk to the Company. | ||||||
Both of the Company’s reportable segments are service based. The mortgage business is a fee-based business while the Bank’s primary source of revenue is net interest income. The Bank also provides a referral network for the mortgage origination business. The mortgage business may also be in a position to refer its customers to the Bank for banking services when appropriate. | ||||||
Information about reportable business segments and reconciliation of such information to the consolidated financial statements for the three and nine months ended September 30, 2014 and 2013 was as follows (dollars in thousands): | ||||||
Note 8 – Business Segments (continued) | ||||||
Business Segments | ||||||
Community | ||||||
Banking | Mortgage | Total | ||||
Nine months ended September 30, 2014 | ||||||
Net interest income | $ 12,126 | $ - | $ 12,126 | |||
Provision for loan losses | 55 | - | 55 | |||
Net interest income after provision for loan losses | 12,071 | - | 12,071 | |||
Noninterest income | 1,389 | 1,214 | 2,603 | |||
Noninterest expenses | 10,071 | 1,034 | 11,105 | |||
Income before income taxes | 3,389 | 180 | 3,569 | |||
Income tax expense | 1,044 | 63 | 1,107 | |||
Net income | $ 2,345 | $ 117 | $ 2,462 | |||
Total assets | $ 449,623 | $ 2,063 | $ 451,686 | |||
Nine months ended September 30, 2013 | ||||||
Net interest income | $ 11,845 | $ - | $ 11,845 | |||
Provision for loan losses | 290 | - | 290 | |||
Net interest income after provision for loan losses | 11,555 | - | 11,555 | |||
Noninterest income | 1,684 | 954 | 2,638 | |||
Noninterest expenses | 10,006 | 764 | 10,770 | |||
Income before income taxes | 3,233 | 190 | 3,423 | |||
Income tax expense | 960 | 65 | 1,025 | |||
Net income | $ 2,273 | $ 125 | $ 2,398 | |||
Total assets | $ 434,493 | $ 879 | $ 435,372 | |||
Community | ||||||
Banking | Mortgage | Total | ||||
Three months ended September 30, 2014 | ||||||
Net interest income | $ 4,149 | $ - | $ 4,149 | |||
Provision for loan losses | - | - | - | |||
Net interest income after provision for loan losses | 4,149 | - | 4,149 | |||
Noninterest income | 411 | 518 | 929 | |||
Noninterest expenses | 3,224 | 515 | 3,739 | |||
Income before income taxes | 1,336 | 3 | 1,339 | |||
Income tax expense | 409 | 16 | 425 | |||
Net income (loss) | $ 927 | $ (13) | $ 914 | |||
Total assets | $ 449,623 | $ 2,063 | $ 451,686 | |||
Three months ended September 30, 2013 | ||||||
Net interest income | $ 3,967 | $ - | $ 3,967 | |||
Provision for loan losses | - | - | - | |||
Net interest income after provision for loan losses | 3,967 | - | 3,967 | |||
Noninterest income | 474 | 295 | 769 | |||
Noninterest expenses | 3,376 | 192 | 3,568 | |||
Income before income taxes | 1,065 | 103 | 1,168 | |||
Income tax expense | 332 | 23 | 355 | |||
Net income | $ 733 | $ 80 | $ 813 | |||
Total assets | $ 434,493 | $ 879 | $ 435,372 | |||
Loans_Allowance_For_Loan_Losse
Loans, Allowance For Loan Losses And OREO | 9 Months Ended | ||||||||||
Sep. 30, 2014 | |||||||||||
Loans, Allowance For Loan Losses And OREO [Abstract] | ' | ||||||||||
Loans, Allowance For Loan Losses And OREO | ' | ||||||||||
Note 9 – Loans, allowance for loan losses and OREO | |||||||||||
Management has an established methodology used to determine the adequacy of the allowance for loan losses that assesses the risks and losses inherent in the loan portfolio. For purposes of determining the allowance for loan losses, the Bank has segmented certain loans in the portfolio by product type. Within these segments, the Bank has sub-segmented its portfolio into classes, based on the associated risks. The classifications set forth below do not correspond directly to the classifications set forth in the call report (Form FFIEC 041). Management has determined that the classifications set forth below are more appropriate for use in identifying and managing risk in the loan portfolio. | |||||||||||
Loan Segments: | Loan Classes: | ||||||||||
Commercial | Commercial and industrial loans | ||||||||||
Commercial real estate | Commercial mortgages – owner occupied | ||||||||||
Commercial mortgages – non-owner occupied | |||||||||||
Commercial construction | |||||||||||
Consumer | Consumer unsecured | ||||||||||
Consumer secured | |||||||||||
Residential | Residential mortgages | ||||||||||
Residential consumer construction | |||||||||||
A summary of loans, net is as follows (dollars in thousands): | |||||||||||
As of: | |||||||||||
September 30, | December 31, | ||||||||||
2014 | 2013 | ||||||||||
Commercial | $ | $ | |||||||||
65,050 | 55,803 | ||||||||||
Commercial real estate | 190,675 | 172,117 | |||||||||
Consumer | 72,528 | 71,165 | |||||||||
Residential | 50,011 | 46,095 | |||||||||
Total loans | 378,264 | 345,180 | |||||||||
Less allowance for loan losses | 4,874 | 5,186 | |||||||||
Net loans | $ | $ | |||||||||
373,390 | 339,994 | ||||||||||
The Bank’s internal risk rating system is in place to grade commercial and commercial real estate loans. Category ratings are reviewed periodically by lenders and the credit review area of the Bank based on the borrower’s individual situation. Additionally, internal and external monitoring and review of credits are conducted on an annual basis. | |||||||||||
Note 9 – Loans, allowance for loan losses and OREO (continued) | |||||||||||
Below is a summary and definition of the Bank’s risk rating categories: | |||||||||||
RATING 1 | Excellent | ||||||||||
RATING 2 | Above Average | ||||||||||
RATING 3 | Satisfactory | ||||||||||
RATING 4 | Acceptable / Low Satisfactory | ||||||||||
RATING 5 | Monitor | ||||||||||
RATING 6 | Special Mention | ||||||||||
RATING 7 | Substandard | ||||||||||
RATING 8 | Doubtful | ||||||||||
RATING 9 | Loss | ||||||||||
We segregate loans into the above categories based on the following criteria and we review the characteristics of each rating at least annually, generally during the first quarter. The characteristics of these ratings are as follows: | |||||||||||
· | “Pass.” These are loans having risk ratings of 1 through 4. Pass loans are to persons or business entities with an acceptable financial condition, appropriate collateral margins, appropriate cash flow to service the existing loan, and an appropriate leverage ratio. The borrower has paid all obligations as agreed and it is expected that this type of payment history will continue. When necessary, acceptable personal guarantors support the loan. | ||||||||||
· | “Monitor.” These are loans having a risk rating of 5. Monitor loans have currently acceptable risk but may have the potential for a specific defined weakness in the borrower’s operations and the borrower’s ability to generate positive cash flow on a sustained basis. The borrower’s recent payment history may currently or in the future be characterized by late payments. The Bank’s risk exposure is mitigated by collateral supporting the loan. The collateral is considered to be well-margined, well maintained, accessible and readily marketable. | ||||||||||
· | “Special Mention.” These are loans having a risk rating of 6. Special Mention loans have weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the bank’s credit position at some future date. Special Mention loans are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. These loans do warrant more than routine monitoring due to a weakness caused by adverse events. | ||||||||||
· | “Substandard.” These are loans having a risk rating of 7. Substandard loans are considered to have specific and well-defined weaknesses that jeopardize the viability of the Bank’s credit extension. The payment history for the loan has been inconsistent and the expected or projected primary repayment source may be inadequate to service the loan. The estimated net liquidation value of the collateral pledged and/or ability of the personal guarantor(s) to pay the loan may not adequately protect the Bank. There is a distinct possibility that the Bank will sustain some loss if the deficiencies associated with the loan are not corrected in the near term. A substandard loan would not automatically meet our definition of impaired unless the loan is significantly past due and the borrower’s performance and financial condition provides evidence that it is probable that the Bank will be unable to collect all amounts due. | ||||||||||
· | “Doubtful.” These are loans having a risk rating of 8. Doubtful rated loans have all the weaknesses inherent in a loan that is classified substandard but with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The possibility of loss is extremely high. | ||||||||||
Note 9 – Loans, allowance for loan losses and OREO (continued) | |||||||||||
· | “Loss.” These are loans having a risk rating of 9. Loss rated loans are not considered collectible under normal circumstances and there is no realistic expectation for any future payment on the loan. Loss rated loans are fully charged off. | ||||||||||
Financing Receivables on Non-Accrual Status | |||||||||||
(dollars in thousands) | |||||||||||
As of | |||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||
Commercial | $ | $ | |||||||||
2,116 | 1,585 | ||||||||||
Commercial Real Estate: | |||||||||||
Commercial Mortgages-Owner Occupied | 212 | 537 | |||||||||
Commercial Mortgages-Non-Owner Occupied | 72 | 353 | |||||||||
Commercial Construction | 460 | 375 | |||||||||
Consumer | |||||||||||
Consumer Unsecured | - | - | |||||||||
Consumer Secured | - | 33 | |||||||||
Residential: | |||||||||||
Residential Mortgages | 312 | 183 | |||||||||
Residential Consumer Construction | 91 | - | |||||||||
Totals | $ | $ | |||||||||
3,263 | 3,066 | ||||||||||
We also classify other real estate owned (OREO) as a nonperforming asset. OREO represents real property owned by the Bank either through purchase at foreclosure or received from the borrower through a deed in lieu of foreclosure. OREO decreased to $1,160,000 on September 30, 2014 from $1,451,000 on December 31, 2013. The following table represents the changes in OREO balance during the nine months ended September 30, 2014. | |||||||||||
OREO Changes | |||||||||||
(dollars in thousands) | |||||||||||
Nine Months ended | |||||||||||
30-Sep-14 | |||||||||||
Balance at the beginning of the year (net) | $ | ||||||||||
1,451 | |||||||||||
Transfers from loans | 459 | ||||||||||
Capitalized costs | - | ||||||||||
Writedowns | -178 | ||||||||||
Sales proceeds | -573 | ||||||||||
Gain on disposition | 1 | ||||||||||
Balance at the end of the period (net) | $ | ||||||||||
1,160 | |||||||||||
Note 9 – Loans, allowance for loan losses and OREO (continued) | |||||||||||
Impaired Loans | |||||||||||
(dollars in thousands) | |||||||||||
As of and For the Nine Months Ended September 30, 2014 | |||||||||||
Unpaid | Average | Interest | |||||||||
Recorded | Principal | Related | Recorded | Income | |||||||
2014 | Investment | Balance | Allowance | Investment | Recognized | ||||||
With No Related Allowance Recorded: | |||||||||||
Commercial | $2,558 | $ | $ - | $ | $ | ||||||
2,798 | 2,912 | 68 | |||||||||
Commercial Real Estate | |||||||||||
Commercial Mortgages-Owner Occupied | 2,300 | 2,350 | - | 1,420 | 110 | ||||||
Commercial Mortgage Non-Owner Occupied | 712 | 712 | - | 858 | 32 | ||||||
Commercial Construction | 84 | 531 | - | 418 | - | ||||||
Consumer | |||||||||||
Consumer Unsecured | - | - | - | - | - | ||||||
Consumer Secured | 21 | 21 | - | 21 | 1 | ||||||
Residential | |||||||||||
Residential Mortgages | 463 | 463 | - | 467 | 47 | ||||||
Residential Consumer Construction | - | - | - | - | - | ||||||
With An Allowance Recorded: | |||||||||||
Commercial | $ | $ | $ | $ | $ | ||||||
1,806 | 2,234 | 832 | 1,190 | 32 | |||||||
Commercial Real Estate | |||||||||||
Commercial Mortgages-Owner Occupied | 1,056 | 1,225 | 60 | 1,738 | 45 | ||||||
Commercial Mortgage Non-Owner Occupied | 306 | 306 | 33 | 263 | 12 | ||||||
Commercial Construction | 376 | 644 | 17 | 188 | - | ||||||
Consumer | |||||||||||
Consumer Unsecured | - | - | - | - | - | ||||||
Consumer Secured | 119 | 119 | 119 | 80 | 6 | ||||||
Residential | |||||||||||
Residential Mortgages | 1,497 | 1,659 | 284 | 1,591 | 50 | ||||||
Residential Consumer Construction | - | - | - | - | - | ||||||
Totals: | |||||||||||
Commercial | $ | $ | $ | $ | $ | ||||||
4,364 | 5,032 | 832 | 4,102 | 100 | |||||||
Commercial Real Estate | |||||||||||
Commercial Mortgages-Owner Occupied | 3,356 | 3,575 | 60 | 3,158 | 155 | ||||||
Commercial Mortgage Non-Owner Occupied | 1,018 | 1,018 | 33 | 1,121 | 44 | ||||||
Commercial Construction | 460 | 1,175 | 17 | 606 | - | ||||||
Consumer | |||||||||||
Consumer Unsecured | - | - | - | - | - | ||||||
Consumer Secured | 140 | 140 | 119 | 101 | 7 | ||||||
Residential | |||||||||||
Residential Mortgages | 1,960 | 2,122 | 284 | 2,058 | 97 | ||||||
Residential Consumer Construction | - | - | - | - | - | ||||||
$ | $ | $ | $ | $ | |||||||
11,298 | 13,062 | 1,345 | 11,146 | 403 | |||||||
Note 9 – Loans, allowance for loan losses and OREO (continued) | |||||||||||
Impaired Loans | |||||||||||
(dollars in thousands) | |||||||||||
As of and For the Year Ended December 31, 2013 | |||||||||||
Unpaid | Average | Interest | |||||||||
Recorded | Principal | Related | Recorded | Income | |||||||
2013 | Investment | Balance | Allowance | Investment | Recognized | ||||||
With No Related Allowance Recorded: | |||||||||||
Commercial | $ | $ | $ - | $ | $ | ||||||
3,265 | 3,699 | 2,898 | 101 | ||||||||
Commercial Real Estate | |||||||||||
Commercial Mortgages-Owner Occupied | 539 | 593 | - | 1,566 | 38 | ||||||
Commercial Mortgage Non-Owner Occupied | 1,003 | 1,003 | - | 3,686 | 47 | ||||||
Commercial Construction | 751 | 1,274 | - | 746 | 8 | ||||||
Consumer | |||||||||||
Consumer Unsecured | - | - | - | - | - | ||||||
Consumer Secured | 21 | 21 | - | 245 | 1 | ||||||
Residential | |||||||||||
Residential Mortgages | 470 | 517 | - | 1,304 | 24 | ||||||
Residential Consumer Construction | - | - | - | - | - | ||||||
With An Allowance Recorded: | |||||||||||
Commercial | $ | $ | $ | $ | $ | ||||||
573 | 573 | 406 | 597 | 38 | |||||||
Commercial Real Estate | |||||||||||
Commercial Mortgages-Owner Occupied | 2,420 | 2,617 | 280 | 3,046 | 108 | ||||||
Commercial Mortgage Non-Owner Occupied | 220 | 221 | 14 | 530 | 15 | ||||||
Commercial Construction | - | - | - | 412 | - | ||||||
Consumer | |||||||||||
Consumer Unsecured | - | - | - | 1 | - | ||||||
Consumer Secured | 40 | 40 | 40 | 285 | 3 | ||||||
Residential | |||||||||||
Residential Mortgages | 1,684 | 1,820 | 224 | 1,350 | 118 | ||||||
Residential Consumer Construction | - | - | - | - | - | ||||||
Totals: | |||||||||||
Commercial | $ | $ | $ | $ | $ | ||||||
3,838 | 4,272 | 406 | 3,495 | 139 | |||||||
Commercial Real Estate | |||||||||||
Commercial Mortgages-Owner Occupied | 2,959 | 3,210 | 280 | 4,612 | 146 | ||||||
Commercial Mortgage Non-Owner Occupied | 1,223 | 1,224 | 14 | 4,216 | 62 | ||||||
Commercial Construction | 751 | 1,274 | - | 1,158 | 8 | ||||||
Consumer | |||||||||||
Consumer Unsecured | - | - | - | 1 | - | ||||||
Consumer Secured | 61 | 61 | 40 | 530 | 4 | ||||||
Residential | |||||||||||
Residential Mortgages | 2,154 | 2,337 | 224 | 2,654 | 142 | ||||||
Residential Consumer Construction | - | - | - | - | - | ||||||
$ | $ | $ | $ | $ | |||||||
10,986 | 12,378 | 964 | 16,666 | 501 | |||||||
Note 9 – Loans, allowance for loan losses and OREO (continued) | |||||||||||
Allowance for Credit Losses and Recorded Investment in Financing Receivables | |||||||||||
(dollars in thousands) | |||||||||||
For the Nine Months Ended September 30, 2014 | |||||||||||
Commercial | |||||||||||
2014 | Commercial | Real Estate | Consumer | Residential | Total | ||||||
Allowance for Credit Losses: | |||||||||||
Beginning Balance | $ | $ | $ | $ | $ | ||||||
1,015 | 2,631 | 935 | 605 | 5,186 | |||||||
Charge-offs | -165 | -188 | -34 | -40 | -427 | ||||||
Recoveries | 27 | 9 | 24 | - | 60 | ||||||
Provision | 473 | -490 | -182 | 254 | 55 | ||||||
Ending Balance | $ | $ | $ | $ | $ | ||||||
1,350 | 1,962 | 743 | 819 | 4,874 | |||||||
Ending Balance: Individually evaluated for impairment | $ | $ | $ | $ | $ | ||||||
832 | 110 | 119 | 284 | 1,345 | |||||||
Ending Balance: Collectively evaluated for impairment | 518 | 1,852 | 624 | 535 | 3,529 | ||||||
Totals: | $ | $ | $ | $ | $ | ||||||
1,350 | 1,962 | 743 | 819 | 4,874 | |||||||
Financing Receivables: | |||||||||||
Ending Balance: Individually evaluated for impairment | $ | $ | $ | $ | $ | ||||||
4,364 | 4,834 | 140 | 1,960 | 11,298 | |||||||
Ending Balance: Collectively evaluated for impairment | 60,686 | 185,841 | 72,388 | 48,051 | 366,966 | ||||||
Totals: | $ | $ | $ | $ | $ | ||||||
65,050 | 190,675 | 72,528 | 50,011 | 378,264 | |||||||
Note 9 – Loans, allowance for loan losses and OREO (continued) | |||||||||||
Allowance for Credit Losses and Recorded Investment in | |||||||||||
Financing Receivables | |||||||||||
(dollars in thousands) | |||||||||||
For the Year Ended December 31, 2013 | |||||||||||
Commercial | |||||||||||
2013 | Commercial | Real Estate | Consumer | Residential | Total | ||||||
Allowance for Credit Losses: | |||||||||||
Beginning Balance | $ | $ | $ | $ | $ | ||||||
987 | 2,849 | 1,057 | 642 | 5,535 | |||||||
Charge-offs | -19 | -932 | -126 | -28 | -1,105 | ||||||
Recoveries | 37 | 42 | 137 | - | 216 | ||||||
Provision | 10 | 672 | -133 | -9 | 540 | ||||||
Ending Balance | $ | $ | $ | $ | $ | ||||||
1,015 | 2,631 | 935 | 605 | 5,186 | |||||||
Ending Balance: Individually evaluated for impairment | $ | $ | $ | $ | $ | ||||||
406 | 294 | 40 | 224 | 964 | |||||||
Ending Balance: Collectively evaluated for impairment | 609 | 2,337 | 895 | 381 | 4,222 | ||||||
Totals: | $ | $ | $ | $ | $ | ||||||
1,015 | 2,631 | 935 | 605 | 5,186 | |||||||
Financing Receivables: | |||||||||||
Ending Balance: Individually evaluated for impairment | $ | $ | $ | $ | $ | ||||||
3,838 | 4,933 | 61 | 2,154 | 10,986 | |||||||
Ending Balance: Collectively evaluated for impairment | 51,965 | 167,184 | 71,104 | 43,941 | 334,194 | ||||||
Totals: | $ | $ | $ | $ | $ | ||||||
55,803 | 172,117 | 71,165 | 46,095 | 345,180 | |||||||
Note 9 – Loans, allowance for loan losses and OREO (continued) | |||||||||||
Age Analysis of Past Due Financing Receivables as of | |||||||||||
30-Sep-14 | |||||||||||
(dollars in thousands) | |||||||||||
Greater | Total | Recorded Investment | |||||||||
30-59 Days | 60-89 Days | than | Total Past | Financing | > 90 Days & | ||||||
2014 | Past Due | Past Due | 90 Days | Due | Current | Receivables | Accruing | ||||
Commercial | $ | $ | $ | $ | $ | $ | $ - | ||||
88 | 94 | 2,116 | 2,298 | 62,752 | 65,050 | ||||||
Commercial Real Estate: | |||||||||||
Commercial Mortgages- Owner Occupied | 646 | 857 | 212 | 1,715 | 68,798 | 70,513 | - | ||||
Commercial Mortgages-Non-Owner Occupied | - | 55 | 72 | 127 | 111,078 | 111,205 | - | ||||
Commercial Construction | - | - | 460 | 460 | 8,497 | 8,957 | - | ||||
Consumer: | |||||||||||
Consumer Unsecured | 32 | - | - | 32 | 4,204 | 4,236 | - | ||||
Consumer Secured | 379 | 107 | - | 486 | 67,806 | 68,292 | - | ||||
Residential: | |||||||||||
Residential Mortgages | 595 | 657 | 312 | 1,564 | 41,347 | 42,911 | - | ||||
Residential Consumer Construction | - | - | - | - | 7,100 | 7,100 | - | ||||
Total | $ | $ | $ | $ | $ | $ | $ - | ||||
1,740 | 1,770 | 3,172 | 6,682 | 371,582 | 378,264 | ||||||
Age Analysis of Past Due Financing Receivables as of | |||||||||||
31-Dec-13 | |||||||||||
(dollars in thousands) | |||||||||||
Greater | Total | Recorded Investment | |||||||||
30-59 Days | 60-89 Days | than | Total Past | Financing | > 90 Days & | ||||||
2013 | Past Due | Past Due | 90 Days | Due | Current | Receivables | Accruing | ||||
Commercial | $ | $- | $ | $ | $ | $ | $ - | ||||
389 | 1,586 | 1,975 | 53,828 | 55,803 | |||||||
Commercial Real Estate: | |||||||||||
Commercial Mortgages-Owner Occupied | 1,099 | - | 409 | 1,508 | 63,813 | 65,321 | - | ||||
Commercial Mortgages-Non-Owner Occupied | 96 | - | 85 | 181 | 94,542 | 94,723 | - | ||||
Commercial Construction | - | - | 375 | 375 | 11,698 | 12,073 | - | ||||
Consumer: | |||||||||||
Consumer Unsecured | 5 | - | - | 5 | 4,717 | 4,722 | - | ||||
Consumer Secured | 71 | - | 33 | 104 | 66,339 | 66,443 | - | ||||
Residential: | |||||||||||
Residential Mortgages | 704 | - | 183 | 887 | 39,909 | 40,796 | - | ||||
Residential Consumer Construction | - | 95 | - | 95 | 5,204 | 5,299 | - | ||||
Total | $ | $ | $ | $ | $ | $ | $ - | ||||
2,364 | 95 | 2,671 | 5,130 | 340,050 | 345,180 | ||||||
Note 9 – Loans, allowance for loan losses and OREO (continued) | |||||||||||
Credit Loss Disclosures | |||||||||||
Credit Quality Information - by Class | |||||||||||
30-Sep-14 | |||||||||||
(dollars in thousands) | |||||||||||
2014 | Pass | Monitor | Special | Substandard | Doubtful | Totals | |||||
Mention | |||||||||||
Commercial | $ | $ | $ | $ | $ - | $ | |||||
59,258 | 1,210 | 90 | 4,492 | 65,050 | |||||||
Commercial Real Estate: | |||||||||||
Commercial Mortgages-Owner Occupied | 65,844 | 1,098 | 308 | 3,263 | - | 70,513 | |||||
Commercial Mortgages-Non Owner Occupied | 104,323 | 1,809 | 4,338 | 735 | - | 111,205 | |||||
Commercial Construction | 8,073 | 424 | - | 460 | - | 8,957 | |||||
Consumer | |||||||||||
Consumer Unsecured | 4,236 | - | - | - | - | 4,236 | |||||
Consumer Secured | 67,260 | 510 | 97 | 425 | - | 68,292 | |||||
Residential: | |||||||||||
Residential Mortgages | 39,149 | 776 | 843 | 2,143 | - | 42,911 | |||||
Residential Consumer Construction | 7,009 | - | - | 91 | - | 7,100 | |||||
Totals | $ | $ | $ | $ | $- | $ | |||||
355,152 | 5,827 | 5,676 | 11,609 | 378,264 | |||||||
Credit Loss Disclosures | |||||||||||
Credit Quality Information - by Class | |||||||||||
31-Dec-13 | |||||||||||
(dollars in thousands) | |||||||||||
2013 | Pass | Monitor | Special | Substandard | Doubtful | Totals | |||||
Mention | |||||||||||
Commercial | $ | $ | $ | $ | $ - | $ | |||||
48,827 | 2,109 | 979 | 3,888 | 55,803 | |||||||
Commercial Real Estate: | |||||||||||
Commercial Mortgages-Owner Occupied | 58,740 | 2,355 | 1,356 | 2,870 | - | 65,321 | |||||
Commercial Mortgages-Non Owner Occupied | 85,474 | 2,737 | 5,468 | 1,044 | - | 94,723 | |||||
Commercial Construction | 11,455 | - | - | 618 | - | 12,073 | |||||
Consumer | |||||||||||
Consumer Unsecured | 4,721 | - | - | 1 | - | 4,722 | |||||
Consumer Secured | 65,056 | 814 | 283 | 290 | - | 66,443 | |||||
Residential: | |||||||||||
Residential Mortgages | 36,962 | 786 | 589 | 2,459 | - | 40,796 | |||||
Residential Consumer Construction | 5,299 | - | - | - | - | 5,299 | |||||
Totals | $ | $ | $ | $ | $ - | $ | |||||
316,534 | 8,801 | 8,675 | 11,170 | 345,180 | |||||||
Note 9 – Loans, allowance for loan losses and OREO (continued) | |||||||||||
There were no loan modifications that would have been classified as Troubled Debt Restructurings (TDR) during the three and nine months ended September 30, 2014 and 2013. | |||||||||||
There were no loan modifications classified as TDRs within the last twelve months that defaulted during the three and nine months ended September 30, 2014 and 2013. | |||||||||||
Subsequent_Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
Note 10 – Subsequent Events | |
In preparing these financial statements, Financial has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued. | |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2014 | |
Recent Accounting Pronouncements [Abstract] | ' |
Recent Accounting Pronouncements | ' |
Note 11 – Recent accounting pronouncements | |
In January 2014, the FASB issued ASU 2014-01, “Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects (a consensus of the FASB Emerging Issues Task Force).” The amendments in this ASU permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). The amendments in this ASU should be applied retrospectively to all periods presented. A reporting entity that uses the effective yield method to account for its investments in qualified affordable housing projects before the date of adoption may continue to apply the effective yield method for those preexisting investments. The amendments in this ASU are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The Company is currently assessing the impact that ASU 2014-01 will have on its consolidated financial statements. | |
In January 2014, the FASB issued ASU 2014-04, “Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force).” The amendments in this ASU clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments in this ASU are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The Company is currently assessing the impact that ASU 2014-04 will have on its consolidated financial statements. | |
In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” The amendments in this ASU change the criteria for reporting discontinued operations while enhancing disclosures in this area. Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. Those strategic shifts should have a major effect on the organization’s operations and financial results and include | |
Note 11 – Recent accounting pronouncements (continued) | |
disposals of a major geographic area, a major line of business, or a major equity method investment. The new guidance requires expanded disclosures about discontinued operations that will provide financial | |
statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. Additionally, the new guidance requires disclosure of the pre-tax income attributable to a disposal of a significant part of an organization that does not qualify for discontinued operations reporting. The amendments in the ASU are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The Company does not expect the adoption of ASU 2014-08 to have a material impact on its consolidated financial statements. | |
In June 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers: Topic 606”. This ASU applies to any entity using U.S. GAAP that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The guidance supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition”, most industry-specific guidance, and some cost guidance included in Subtopic 605-35, “Revenue Recognition—Construction-Type and Production-Type Contracts”. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To be in alignment with the core principle, an entity must apply a five step process including: identification of the contract(s) with a customer, identification of performance obligations in the contract(s), determination of the transaction price, allocation of the transaction price to the performance obligations, and recognition of revenue when (or as) the entity satisfies a performance obligation. Additionally, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer have also been amended to be consistent with the guidance on recognition and measurement. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. The Company is currently assessing the impact that ASU 2014-09 will have on its consolidated financial statements. | |
In June 2014, the FASB issued ASU 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation”. The amendments in this ASU remove all incremental financial reporting requirements from U.S. GAAP for development stage entities, including the removal of Topic 915, “Development Stage Entities”, from the FASB Accounting Standards Codification. In addition, this ASU adds an example disclosure and removes an exception provided to development stage entities in Topic 810, “Consolidation”, for determining whether an entity is a variable interest entity. The presentation and disclosure requirements in Topic 915 will no longer be required for the first annual period beginning after December 15, 2014. The revised consolidation standards are effective for annual periods beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the adoption of ASU 2014-10 to have a material impact on its consolidated financial statements. | |
In June 2014, the FASB issued ASU No. 2014-11, “Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures”. This ASU aligns the accounting for repurchase-to-maturity transactions and repurchase agreements executed as a repurchase financing with the accounting for other typical repurchase agreements. The new guidance eliminates sale accounting for repurchase-to-maturity transactions and supersedes the guidance under which a transfer of a financial asset and a contemporaneous repurchase financing could be accounted for on a combined basis as a forward agreement. The amendments in the ASU also require a new disclosure for transactions economically similar to repurchase agreements in which the transferor retains substantially all of the | |
Note 11 – Recent accounting pronouncements (continued) | |
exposure to the economic return on the transferred financial assets throughout the term of the transaction. Additional disclosures will be required for the nature of collateral pledged in repurchase agreements and | |
similar transactions accounted for as secured borrowings. The amendments in this ASU are effective for the first interim or annual period beginning after December 15, 2014; however, the disclosure for transactions accounted for as secured borrowings is required to be presented for annual periods beginning after December 15, 2014, and interim periods beginning after March 15, 2015. Early adoption is not permitted. The Company is currently assessing the impact that ASU 2014-11 will have on its consolidated financial statements. | |
In June 2014, the FASB issued ASU No. 2014-12, “Compensation – Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period”. The new guidance applies to reporting entities that grant employees share-based payments in which the terms of the award allow a performance target to be achieved after the requisite service period. The amendments in the ASU require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. Existing guidance in “Compensation – Stock Compensation (Topic 718)”, should be applied to account for these types of awards. The amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Early adoption is permitted and reporting entities may choose to apply the amendments in the ASU either on a prospective or retrospective basis. The Company is currently assessing the impact that ASU 2014-12 will have on its consolidated financial statements. | |
In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. This update is intended to provide guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. Management is required under the new guidance to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued when preparing financial statements for each interim and annual reporting period. If conditions or events are identified, the ASU specifies the process that must be followed by management and also clarifies the timing and content of going concern footnote disclosures in order to reduce diversity in practice. The amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2016. Early adoption is permitted. The Company does not expect the adoption of ASU 2014-15 to have a material impact on its consolidated financial statements. | |
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 9 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Earnings Per Share [Abstract] | ' | |||||||
Earnings Per Share | ' | |||||||
Three Months Ended | Year to date | |||||||
September 30, | September 30, | |||||||
2014 | 2013 | 2014 | 2013 | |||||
Net income | $ 914,000 | $ 813,000 | $ 2,462,000 | $ 2,398,000 | ||||
Weighted average number of shares | 3,364,874 | 3,352,725 | 3,364,874 | 3,352,725 | ||||
Options affect of incremental shares | - | 4,149 | - | 1,565 | ||||
Weighted average diluted shares | 3,364,874 | 3,356,874 | 3,364,874 | 3,354,290 | ||||
Basic EPS (weighted avg shares) | $ 0.27 | $ 0.24 | $ 0.73 | $ 0.72 | ||||
Diluted EPS (Including Option Shares) | $ 0.27 | $ 0.24 | $ 0.73 | $ 0.71 | ||||
Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share | ' | |||||||
Three months ended | Nine months ended | |||||||
September 30, | September 30, | |||||||
2014 | 2013 | 2014 | 2013 | |||||
Incremental shares excluded from calculating diluted EPS because their effect was anti-dilutive | 110,147 | 113,294 | 110,645 | 168,069 | ||||
Stock_Based_Compensation_Table
Stock Based Compensation (Tables) | 9 Months Ended | ||||
Sep. 30, 2014 | |||||
Stock Based Compensation [Abstract] | ' | ||||
Summary Of Stock Option Activity | ' | ||||
Weighted | |||||
Weighted | Average | ||||
Average | Remaining | Average | |||
Exercise | Contractual | Intrinsic | |||
Shares | Price | Life (in years) | Value | ||
Options outstanding, January 1, 2014 | 111,371 | $ 10.73 | |||
Granted | - | - | |||
Exercised | - | - | |||
Forfeited | -1,224 | 10.23 | |||
Options outstanding, September 30, 2014 | 110,147 | 10.74 | 0.8 | $ - | |
Options exercisable, September 30, 2014 | 110,147 | $ 10.74 | 0.8 | $ - | |
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 | ' | |||||||||||
Carrying Value at September 30, 2014 | ||||||||||||
Description | Balance as of | Quoted Prices | Significant | Significant | ||||||||
September 30, | in Active | Other | Unobservable | |||||||||
2014 | Markets for | Observable | Inputs | |||||||||
Identical Assets | Inputs | (Level 3) | ||||||||||
(Level 1) | (Level 2) | |||||||||||
US Treasuries | $ | $ - | $ | $ - | ||||||||
3,797 | 3,797 | |||||||||||
US agency obligations | 17,789 | - | 17,789 | - | ||||||||
Mortgage-backed securities | 1,951 | - | 1,951 | - | ||||||||
Municipals | 8,403 | - | 8,403 | - | ||||||||
Other (corporates) | 2,000 | - | 2,000 | - | ||||||||
Total available-for-sale securities | $ | $ - | $ | $ - | ||||||||
33,940 | 33,940 | |||||||||||
Carrying Value at December 31, 2013 | ||||||||||||
Description | Balance as of | Quoted Prices | Significant | Significant | ||||||||
December 31, | in Active | Other | Unobservable | |||||||||
2013 | Markets for | Observable | Inputs | |||||||||
Identical Assets | Inputs | (Level 3) | ||||||||||
(Level 1) | (Level 2) | |||||||||||
US Treasuries | $ | $ - | $ | $ - | ||||||||
3,611 | 3,611 | |||||||||||
US agency obligations | 20,108 | - | 20,108 | - | ||||||||
Mortgage-backed securities | 5,311 | - | 5,311 | - | ||||||||
Municipals | 15,138 | - | 15,138 | - | ||||||||
Other (corporates) | 1,923 | - | 1,923 | - | ||||||||
Total available-for-sale securities | $ | $ - | $ | $ - | ||||||||
46,091 | 46,091 | |||||||||||
Impaired Loans And Other Real Estate Owned Measured At Fair Value On A Nonrecurring Basis | ' | |||||||||||
Carrying Value at September 30, 2014 | ||||||||||||
Description | Balance as of September 30, 2014 | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | ||||||||
Impaired loans* | $ | $ - | $ - | $ | ||||||||
4,842 | 4,842 | |||||||||||
Loans held for sale | 2,003 | - | 2,003 | - | ||||||||
Other real estate owned | 1,160 | - | - | 1,160 | ||||||||
* Includes loans charged down during the quarter to the net realizable value of the collateral. | ||||||||||||
Carrying Value at December 31, 2013 | ||||||||||||
Description | Balance as of December 31, 2013 | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | ||||||||
Impaired loans* | $ | $ - | $ - | $ | ||||||||
4,307 | 4,307 | |||||||||||
Loans held for sale | 1,921 | - | 1,921 | - | ||||||||
Other real estate owned | 1,451 | - | - | 1,451 | ||||||||
* Includes loans charged down during the quarter to the net realizable value of the collateral. | ||||||||||||
Information Regarding Quantitative Inputs Used To Value Assets Classified As Level 3 | ' | |||||||||||
Quantitative information about Level 3 Fair Value Measurements for September 30, 2014 | ||||||||||||
(dollars in thousands) | ||||||||||||
Fair Value | Valuation Technique(s) | Unobservable Input | Range (Weighted Average) | |||||||||
Assets | ||||||||||||
Impaired loans | $ | Discounted appraised value | Selling cost | 5% - 10% (6%) | ||||||||
4,842 | ||||||||||||
Discount for lack of marketability and age of appraisal | 0% - 25% (15%) | |||||||||||
OREO | 1,160 | Discounted appraised value | Selling cost | 5% - 10% (6%) | ||||||||
Discount for lack of marketability and age of appraisal | 0% - 25% (15%) | |||||||||||
Fair Value Carrying And Notional Amounts | ' | |||||||||||
Fair Value Measurements at September 30, 2014 using | ||||||||||||
Quoted Prices | Significant | |||||||||||
in Active | Other | Significant | ||||||||||
Markets for | Observable | Unobservable | ||||||||||
Carrying | Identical Assets | Inputs | Inputs | |||||||||
Assets | Amounts | (Level 1) | (Level 2) | (Level 3) | Balance | |||||||
Cash and due from banks | $ | $ | $ - | $ - | $ | |||||||
14,850 | 14,850 | 14,850 | ||||||||||
Securities | ||||||||||||
Available-for-sale | 33,940 | - | 33,940 | - | 33,940 | |||||||
Held-to-maturity | 2,530 | - | 2,702 | - | 2,702 | |||||||
Loans, net | 373,390 | - | - | 378,841 | 378,841 | |||||||
Loans held for sale | 2,003 | - | 2,003 | - | 2,003 | |||||||
Interest receivable | 1,219 | - | 1,219 | - | 1,219 | |||||||
BOLI | 9,443 | - | 9,443 | - | 9,443 | |||||||
Liabilities | ||||||||||||
Deposits | $ | $ - | $ | $ - | $ | |||||||
398,831 | 400,006 | 400,006 | ||||||||||
FHLB borrowings | 2,000 | - | 2,009 | - | 2,009 | |||||||
Federal funds purchased | 5,976 | 5,976 | - | - | 5,976 | |||||||
Capital notes | 10,000 | - | 10,045 | - | 10,045 | |||||||
Interest payable | 58 | - | 58 | - | 58 | |||||||
Fair Value Measurements at December 31, 2013 using | ||||||||||||
Quoted Prices | Significant | |||||||||||
in Active | Other | Significant | ||||||||||
Markets for | Observable | Unobservable | ||||||||||
Carrying | Identical Assets | Inputs | Inputs | |||||||||
Assets | Amounts | (Level 1) | (Level 2) | (Level 3) | Balance | |||||||
Cash and due from banks | $ | $ | $ - | $ - | $ | |||||||
16,671 | 16,671 | 16,671 | ||||||||||
Securities | ||||||||||||
Available-for-sale | 46,091 | - | 46,091 | - | 46,091 | |||||||
Held-to-maturity | 3,537 | - | 3,740 | - | 3,740 | |||||||
Loans, net | 339,994 | - | - | 346,658 | 346,658 | |||||||
Loans held for sale | 1,921 | - | 1,921 | - | 1,921 | |||||||
Interest receivable | 1,360 | - | 1,360 | - | 1,360 | |||||||
BOLI | 9,230 | - | 9,230 | - | 9,230 | |||||||
Liabilities | ||||||||||||
Deposits | $ | $ - | $ | $ - | $ | |||||||
387,398 | 388,363 | 388,363 | ||||||||||
FHLB borrowings | 2,000 | - | 2,018 | - | 2,018 | |||||||
Federal funds purchased | 4,108 | 4,108 | - | - | 4,108 | |||||||
Capital notes | 10,000 | - | 10,091 | - | 10,091 | |||||||
Interest payable | 65 | - | 65 | - | 65 | |||||||
Investments_Tables
Investments (Tables) | 9 Months Ended | ||||||
Sep. 30, 2014 | |||||||
Investments [Abstract] | ' | ||||||
Summary Of Securities Held-To-Maturity And Securities Available-For-Sale | ' | ||||||
30-Sep-14 | |||||||
Amortized | Gross Unrealized | Fair Value | |||||
Costs | Gains | (Losses) | |||||
Held-to-Maturity | |||||||
US agency obligations | $ | $ | $ - | $ | |||
2,530 | 172 | 2,702 | |||||
Available-for-Sale | |||||||
US Treasuries | $ | $ - | $ | $ | |||
3,914 | -117 | 3,797 | |||||
US agency obligations | 18,859 | - | -1,070 | 17,789 | |||
Mortgage-backed securities | 2,043 | - | -92 | 1,951 | |||
Municipals | 8,425 | 109 | -131 | 8,403 | |||
Other (corporates) | 2,035 | - | -35 | 2,000 | |||
$ | $ | $ | $ | ||||
35,276 | 109 | -1,445 | 33,940 | ||||
31-Dec-13 | |||||||
Amortized | Gross Unrealized | Fair Value | |||||
Costs | Gains | (Losses) | |||||
Held-to-Maturity | |||||||
US agency obligations | $ | $ | $ - | $ | |||
3,537 | 203 | 3,740 | |||||
Available-for-Sale | |||||||
US Treasuries | $ | $ - | $ | $ | |||
3,907 | -296 | 3,611 | |||||
US agency obligations | 22,544 | - | -2,436 | 20,108 | |||
Mortgage-backed securities | 5,450 | 11 | -150 | 5,311 | |||
Municipals | 15,845 | 35 | -742 | 15,138 | |||
Other (corporates) | 2,011 | - | -88 | 1,923 | |||
$ | $ | $ | $ | ||||
49,757 | 46 | -3,712 | 46,091 | ||||
Gross Unrealized Losses And Fair Value Of The Bank's Investments | ' | ||||||
Less than 12 months | More than 12 months | Total | |||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||
30-Sep-14 | Value | Losses | Value | Losses | Value | Losses | |
Description of securities | |||||||
US Treasuries | $ - | $ - | $ | $ | $ | $ | |
3,797 | 117 | 3,797 | 117 | ||||
U.S. agency obligations | 994 | 6 | 16,795 | 1,064 | 17,789 | 1,070 | |
Mortgage-backed securities | - | - | 1,951 | 92 | 1,951 | 92 | |
Municipals | 1,510 | 17 | 4,348 | 114 | 5,858 | 131 | |
Other (corporates) | 1,004 | 11 | 996 | 24 | 2,000 | 35 | |
Total | $ | $ | $ | $ | $ | $ | |
3,508 | 34 | 27,887 | 1,411 | 31,395 | 1,445 | ||
Less than 12 months | More than 12 months | Total | |||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||
31-Dec-13 | Value | Losses | Value | Losses | Value | Losses | |
Description of securities | |||||||
US Treasuries | $ | $ | $ - | $ - | $ | $ | |
3,611 | 296 | 3,611 | 296 | ||||
U.S. agency obligations | 14,087 | 1,473 | 5,021 | 963 | 19,108 | 2,436 | |
Mortgage-backed securities | 4,830 | 150 | - | - | 4,830 | 150 | |
Municipals | 11,163 | 574 | 1,479 | 168 | 12,642 | 742 | |
Other (corporates) | 1,923 | 88 | - | 1,923 | 88 | ||
Total | $ | $ | $ | $ | $ | $ | |
35,614 | 2,581 | 6,500 | 1,131 | 42,114 | 3,712 | ||
Business_Segments_Tables
Business Segments (Tables) | 9 Months Ended | |||||
Sep. 30, 2014 | ||||||
Business Segments [Abstract] | ' | |||||
Schedule Of Segment Reporting Information, By Segment | ' | |||||
Business Segments | ||||||
Community | ||||||
Banking | Mortgage | Total | ||||
Nine months ended September 30, 2014 | ||||||
Net interest income | $ 12,126 | $ - | $ 12,126 | |||
Provision for loan losses | 55 | - | 55 | |||
Net interest income after provision for loan losses | 12,071 | - | 12,071 | |||
Noninterest income | 1,389 | 1,214 | 2,603 | |||
Noninterest expenses | 10,071 | 1,034 | 11,105 | |||
Income before income taxes | 3,389 | 180 | 3,569 | |||
Income tax expense | 1,044 | 63 | 1,107 | |||
Net income | $ 2,345 | $ 117 | $ 2,462 | |||
Total assets | $ 449,623 | $ 2,063 | $ 451,686 | |||
Nine months ended September 30, 2013 | ||||||
Net interest income | $ 11,845 | $ - | $ 11,845 | |||
Provision for loan losses | 290 | - | 290 | |||
Net interest income after provision for loan losses | 11,555 | - | 11,555 | |||
Noninterest income | 1,684 | 954 | 2,638 | |||
Noninterest expenses | 10,006 | 764 | 10,770 | |||
Income before income taxes | 3,233 | 190 | 3,423 | |||
Income tax expense | 960 | 65 | 1,025 | |||
Net income | $ 2,273 | $ 125 | $ 2,398 | |||
Total assets | $ 434,493 | $ 879 | $ 435,372 | |||
Community | ||||||
Banking | Mortgage | Total | ||||
Three months ended September 30, 2014 | ||||||
Net interest income | $ 4,149 | $ - | $ 4,149 | |||
Provision for loan losses | - | - | - | |||
Net interest income after provision for loan losses | 4,149 | - | 4,149 | |||
Noninterest income | 411 | 518 | 929 | |||
Noninterest expenses | 3,224 | 515 | 3,739 | |||
Income before income taxes | 1,336 | 3 | 1,339 | |||
Income tax expense | 409 | 16 | 425 | |||
Net income (loss) | $ 927 | $ (13) | $ 914 | |||
Total assets | $ 449,623 | $ 2,063 | $ 451,686 | |||
Three months ended September 30, 2013 | ||||||
Net interest income | $ 3,967 | $ - | $ 3,967 | |||
Provision for loan losses | - | - | - | |||
Net interest income after provision for loan losses | 3,967 | - | 3,967 | |||
Noninterest income | 474 | 295 | 769 | |||
Noninterest expenses | 3,376 | 192 | 3,568 | |||
Income before income taxes | 1,065 | 103 | 1,168 | |||
Income tax expense | 332 | 23 | 355 | |||
Net income | $ 733 | $ 80 | $ 813 | |||
Total assets | $ 434,493 | $ 879 | $ 435,372 | |||
Loans_Allowance_For_Loan_Losse1
Loans, Allowance For Loan Losses And OREO (Tables) | 9 Months Ended | ||||||||||
Sep. 30, 2014 | |||||||||||
Loans, Allowance For Loan Losses And OREO [Abstract] | ' | ||||||||||
Summary Of Loans, Net | ' | ||||||||||
As of: | |||||||||||
September 30, | December 31, | ||||||||||
2014 | 2013 | ||||||||||
Commercial | $ | $ | |||||||||
65,050 | 55,803 | ||||||||||
Commercial real estate | 190,675 | 172,117 | |||||||||
Consumer | 72,528 | 71,165 | |||||||||
Residential | 50,011 | 46,095 | |||||||||
Total loans | 378,264 | 345,180 | |||||||||
Less allowance for loan losses | 4,874 | 5,186 | |||||||||
Net loans | $ | $ | |||||||||
373,390 | 339,994 | ||||||||||
Financing Receivables On Non-Accrual Status | ' | ||||||||||
Financing Receivables on Non-Accrual Status | |||||||||||
(dollars in thousands) | |||||||||||
As of | |||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||
Commercial | $ | $ | |||||||||
2,116 | 1,585 | ||||||||||
Commercial Real Estate: | |||||||||||
Commercial Mortgages-Owner Occupied | 212 | 537 | |||||||||
Commercial Mortgages-Non-Owner Occupied | 72 | 353 | |||||||||
Commercial Construction | 460 | 375 | |||||||||
Consumer | |||||||||||
Consumer Unsecured | - | - | |||||||||
Consumer Secured | - | 33 | |||||||||
Residential: | |||||||||||
Residential Mortgages | 312 | 183 | |||||||||
Residential Consumer Construction | 91 | - | |||||||||
Totals | $ | $ | |||||||||
3,263 | 3,066 | ||||||||||
Changes In OREO Balance | ' | ||||||||||
OREO Changes | |||||||||||
(dollars in thousands) | |||||||||||
Nine Months ended | |||||||||||
30-Sep-14 | |||||||||||
Balance at the beginning of the year (net) | $ | ||||||||||
1,451 | |||||||||||
Transfers from loans | 459 | ||||||||||
Capitalized costs | - | ||||||||||
Writedowns | -178 | ||||||||||
Sales proceeds | -573 | ||||||||||
Gain on disposition | 1 | ||||||||||
Balance at the end of the period (net) | $ | ||||||||||
1,160 | |||||||||||
Impaired Loans | ' | ||||||||||
Impaired Loans | |||||||||||
(dollars in thousands) | |||||||||||
As of and For the Nine Months Ended September 30, 2014 | |||||||||||
Unpaid | Average | Interest | |||||||||
Recorded | Principal | Related | Recorded | Income | |||||||
2014 | Investment | Balance | Allowance | Investment | Recognized | ||||||
With No Related Allowance Recorded: | |||||||||||
Commercial | $2,558 | $ | $ - | $ | $ | ||||||
2,798 | 2,912 | 68 | |||||||||
Commercial Real Estate | |||||||||||
Commercial Mortgages-Owner Occupied | 2,300 | 2,350 | - | 1,420 | 110 | ||||||
Commercial Mortgage Non-Owner Occupied | 712 | 712 | - | 858 | 32 | ||||||
Commercial Construction | 84 | 531 | - | 418 | - | ||||||
Consumer | |||||||||||
Consumer Unsecured | - | - | - | - | - | ||||||
Consumer Secured | 21 | 21 | - | 21 | 1 | ||||||
Residential | |||||||||||
Residential Mortgages | 463 | 463 | - | 467 | 47 | ||||||
Residential Consumer Construction | - | - | - | - | - | ||||||
With An Allowance Recorded: | |||||||||||
Commercial | $ | $ | $ | $ | $ | ||||||
1,806 | 2,234 | 832 | 1,190 | 32 | |||||||
Commercial Real Estate | |||||||||||
Commercial Mortgages-Owner Occupied | 1,056 | 1,225 | 60 | 1,738 | 45 | ||||||
Commercial Mortgage Non-Owner Occupied | 306 | 306 | 33 | 263 | 12 | ||||||
Commercial Construction | 376 | 644 | 17 | 188 | - | ||||||
Consumer | |||||||||||
Consumer Unsecured | - | - | - | - | - | ||||||
Consumer Secured | 119 | 119 | 119 | 80 | 6 | ||||||
Residential | |||||||||||
Residential Mortgages | 1,497 | 1,659 | 284 | 1,591 | 50 | ||||||
Residential Consumer Construction | - | - | - | - | - | ||||||
Totals: | |||||||||||
Commercial | $ | $ | $ | $ | $ | ||||||
4,364 | 5,032 | 832 | 4,102 | 100 | |||||||
Commercial Real Estate | |||||||||||
Commercial Mortgages-Owner Occupied | 3,356 | 3,575 | 60 | 3,158 | 155 | ||||||
Commercial Mortgage Non-Owner Occupied | 1,018 | 1,018 | 33 | 1,121 | 44 | ||||||
Commercial Construction | 460 | 1,175 | 17 | 606 | - | ||||||
Consumer | |||||||||||
Consumer Unsecured | - | - | - | - | - | ||||||
Consumer Secured | 140 | 140 | 119 | 101 | 7 | ||||||
Residential | |||||||||||
Residential Mortgages | 1,960 | 2,122 | 284 | 2,058 | 97 | ||||||
Residential Consumer Construction | - | - | - | - | - | ||||||
$ | $ | $ | $ | $ | |||||||
11,298 | 13,062 | 1,345 | 11,146 | 403 | |||||||
Note 9 – Loans, allowance for loan losses and OREO (continued) | |||||||||||
Impaired Loans | |||||||||||
(dollars in thousands) | |||||||||||
As of and For the Year Ended December 31, 2013 | |||||||||||
Unpaid | Average | Interest | |||||||||
Recorded | Principal | Related | Recorded | Income | |||||||
2013 | Investment | Balance | Allowance | Investment | Recognized | ||||||
With No Related Allowance Recorded: | |||||||||||
Commercial | $ | $ | $ - | $ | $ | ||||||
3,265 | 3,699 | 2,898 | 101 | ||||||||
Commercial Real Estate | |||||||||||
Commercial Mortgages-Owner Occupied | 539 | 593 | - | 1,566 | 38 | ||||||
Commercial Mortgage Non-Owner Occupied | 1,003 | 1,003 | - | 3,686 | 47 | ||||||
Commercial Construction | 751 | 1,274 | - | 746 | 8 | ||||||
Consumer | |||||||||||
Consumer Unsecured | - | - | - | - | - | ||||||
Consumer Secured | 21 | 21 | - | 245 | 1 | ||||||
Residential | |||||||||||
Residential Mortgages | 470 | 517 | - | 1,304 | 24 | ||||||
Residential Consumer Construction | - | - | - | - | - | ||||||
With An Allowance Recorded: | |||||||||||
Commercial | $ | $ | $ | $ | $ | ||||||
573 | 573 | 406 | 597 | 38 | |||||||
Commercial Real Estate | |||||||||||
Commercial Mortgages-Owner Occupied | 2,420 | 2,617 | 280 | 3,046 | 108 | ||||||
Commercial Mortgage Non-Owner Occupied | 220 | 221 | 14 | 530 | 15 | ||||||
Commercial Construction | - | - | - | 412 | - | ||||||
Consumer | |||||||||||
Consumer Unsecured | - | - | - | 1 | - | ||||||
Consumer Secured | 40 | 40 | 40 | 285 | 3 | ||||||
Residential | |||||||||||
Residential Mortgages | 1,684 | 1,820 | 224 | 1,350 | 118 | ||||||
Residential Consumer Construction | - | - | - | - | - | ||||||
Totals: | |||||||||||
Commercial | $ | $ | $ | $ | $ | ||||||
3,838 | 4,272 | 406 | 3,495 | 139 | |||||||
Commercial Real Estate | |||||||||||
Commercial Mortgages-Owner Occupied | 2,959 | 3,210 | 280 | 4,612 | 146 | ||||||
Commercial Mortgage Non-Owner Occupied | 1,223 | 1,224 | 14 | 4,216 | 62 | ||||||
Commercial Construction | 751 | 1,274 | - | 1,158 | 8 | ||||||
Consumer | |||||||||||
Consumer Unsecured | - | - | - | 1 | - | ||||||
Consumer Secured | 61 | 61 | 40 | 530 | 4 | ||||||
Residential | |||||||||||
Residential Mortgages | 2,154 | 2,337 | 224 | 2,654 | 142 | ||||||
Residential Consumer Construction | - | - | - | - | - | ||||||
$ | $ | $ | $ | $ | |||||||
10,986 | 12,378 | 964 | 16,666 | 501 | |||||||
Allowance For Credit Losses And Recorded Investment In Financing Receivables | ' | ||||||||||
Allowance for Credit Losses and Recorded Investment in Financing Receivables | |||||||||||
(dollars in thousands) | |||||||||||
For the Nine Months Ended September 30, 2014 | |||||||||||
Commercial | |||||||||||
2014 | Commercial | Real Estate | Consumer | Residential | Total | ||||||
Allowance for Credit Losses: | |||||||||||
Beginning Balance | $ | $ | $ | $ | $ | ||||||
1,015 | 2,631 | 935 | 605 | 5,186 | |||||||
Charge-offs | -165 | -188 | -34 | -40 | -427 | ||||||
Recoveries | 27 | 9 | 24 | - | 60 | ||||||
Provision | 473 | -490 | -182 | 254 | 55 | ||||||
Ending Balance | $ | $ | $ | $ | $ | ||||||
1,350 | 1,962 | 743 | 819 | 4,874 | |||||||
Ending Balance: Individually evaluated for impairment | $ | $ | $ | $ | $ | ||||||
832 | 110 | 119 | 284 | 1,345 | |||||||
Ending Balance: Collectively evaluated for impairment | 518 | 1,852 | 624 | 535 | 3,529 | ||||||
Totals: | $ | $ | $ | $ | $ | ||||||
1,350 | 1,962 | 743 | 819 | 4,874 | |||||||
Financing Receivables: | |||||||||||
Ending Balance: Individually evaluated for impairment | $ | $ | $ | $ | $ | ||||||
4,364 | 4,834 | 140 | 1,960 | 11,298 | |||||||
Ending Balance: Collectively evaluated for impairment | 60,686 | 185,841 | 72,388 | 48,051 | 366,966 | ||||||
Totals: | $ | $ | $ | $ | $ | ||||||
65,050 | 190,675 | 72,528 | 50,011 | 378,264 | |||||||
Note 9 – Loans, allowance for loan losses and OREO (continued) | |||||||||||
Allowance for Credit Losses and Recorded Investment in | |||||||||||
Financing Receivables | |||||||||||
(dollars in thousands) | |||||||||||
For the Year Ended December 31, 2013 | |||||||||||
Commercial | |||||||||||
2013 | Commercial | Real Estate | Consumer | Residential | Total | ||||||
Allowance for Credit Losses: | |||||||||||
Beginning Balance | $ | $ | $ | $ | $ | ||||||
987 | 2,849 | 1,057 | 642 | 5,535 | |||||||
Charge-offs | -19 | -932 | -126 | -28 | -1,105 | ||||||
Recoveries | 37 | 42 | 137 | - | 216 | ||||||
Provision | 10 | 672 | -133 | -9 | 540 | ||||||
Ending Balance | $ | $ | $ | $ | $ | ||||||
1,015 | 2,631 | 935 | 605 | 5,186 | |||||||
Ending Balance: Individually evaluated for impairment | $ | $ | $ | $ | $ | ||||||
406 | 294 | 40 | 224 | 964 | |||||||
Ending Balance: Collectively evaluated for impairment | 609 | 2,337 | 895 | 381 | 4,222 | ||||||
Totals: | $ | $ | $ | $ | $ | ||||||
1,015 | 2,631 | 935 | 605 | 5,186 | |||||||
Financing Receivables: | |||||||||||
Ending Balance: Individually evaluated for impairment | $ | $ | $ | $ | $ | ||||||
3,838 | 4,933 | 61 | 2,154 | 10,986 | |||||||
Ending Balance: Collectively evaluated for impairment | 51,965 | 167,184 | 71,104 | 43,941 | 334,194 | ||||||
Totals: | $ | $ | $ | $ | $ | ||||||
55,803 | 172,117 | 71,165 | 46,095 | 345,180 | |||||||
Age Analysis Of Past Due Financing Receivables | ' | ||||||||||
Age Analysis of Past Due Financing Receivables as of | |||||||||||
30-Sep-14 | |||||||||||
(dollars in thousands) | |||||||||||
Greater | Total | Recorded Investment | |||||||||
30-59 Days | 60-89 Days | than | Total Past | Financing | > 90 Days & | ||||||
2014 | Past Due | Past Due | 90 Days | Due | Current | Receivables | Accruing | ||||
Commercial | $ | $ | $ | $ | $ | $ | $ - | ||||
88 | 94 | 2,116 | 2,298 | 62,752 | 65,050 | ||||||
Commercial Real Estate: | |||||||||||
Commercial Mortgages- Owner Occupied | 646 | 857 | 212 | 1,715 | 68,798 | 70,513 | - | ||||
Commercial Mortgages-Non-Owner Occupied | - | 55 | 72 | 127 | 111,078 | 111,205 | - | ||||
Commercial Construction | - | - | 460 | 460 | 8,497 | 8,957 | - | ||||
Consumer: | |||||||||||
Consumer Unsecured | 32 | - | - | 32 | 4,204 | 4,236 | - | ||||
Consumer Secured | 379 | 107 | - | 486 | 67,806 | 68,292 | - | ||||
Residential: | |||||||||||
Residential Mortgages | 595 | 657 | 312 | 1,564 | 41,347 | 42,911 | - | ||||
Residential Consumer Construction | - | - | - | - | 7,100 | 7,100 | - | ||||
Total | $ | $ | $ | $ | $ | $ | $ - | ||||
1,740 | 1,770 | 3,172 | 6,682 | 371,582 | 378,264 | ||||||
Age Analysis of Past Due Financing Receivables as of | |||||||||||
31-Dec-13 | |||||||||||
(dollars in thousands) | |||||||||||
Greater | Total | Recorded Investment | |||||||||
30-59 Days | 60-89 Days | than | Total Past | Financing | > 90 Days & | ||||||
2013 | Past Due | Past Due | 90 Days | Due | Current | Receivables | Accruing | ||||
Commercial | $ | $- | $ | $ | $ | $ | $ - | ||||
389 | 1,586 | 1,975 | 53,828 | 55,803 | |||||||
Commercial Real Estate: | |||||||||||
Commercial Mortgages-Owner Occupied | 1,099 | - | 409 | 1,508 | 63,813 | 65,321 | - | ||||
Commercial Mortgages-Non-Owner Occupied | 96 | - | 85 | 181 | 94,542 | 94,723 | - | ||||
Commercial Construction | - | - | 375 | 375 | 11,698 | 12,073 | - | ||||
Consumer: | |||||||||||
Consumer Unsecured | 5 | - | - | 5 | 4,717 | 4,722 | - | ||||
Consumer Secured | 71 | - | 33 | 104 | 66,339 | 66,443 | - | ||||
Residential: | |||||||||||
Residential Mortgages | 704 | - | 183 | 887 | 39,909 | 40,796 | - | ||||
Residential Consumer Construction | - | 95 | - | 95 | 5,204 | 5,299 | - | ||||
Total | $ | $ | $ | $ | $ | $ | $ - | ||||
2,364 | 95 | 2,671 | 5,130 | 340,050 | 345,180 | ||||||
Credit Quality Information-By Class | ' | ||||||||||
Credit Loss Disclosures | |||||||||||
Credit Quality Information - by Class | |||||||||||
30-Sep-14 | |||||||||||
(dollars in thousands) | |||||||||||
2014 | Pass | Monitor | Special | Substandard | Doubtful | Totals | |||||
Mention | |||||||||||
Commercial | $ | $ | $ | $ | $ - | $ | |||||
59,258 | 1,210 | 90 | 4,492 | 65,050 | |||||||
Commercial Real Estate: | |||||||||||
Commercial Mortgages-Owner Occupied | 65,844 | 1,098 | 308 | 3,263 | - | 70,513 | |||||
Commercial Mortgages-Non Owner Occupied | 104,323 | 1,809 | 4,338 | 735 | - | 111,205 | |||||
Commercial Construction | 8,073 | 424 | - | 460 | - | 8,957 | |||||
Consumer | |||||||||||
Consumer Unsecured | 4,236 | - | - | - | - | 4,236 | |||||
Consumer Secured | 67,260 | 510 | 97 | 425 | - | 68,292 | |||||
Residential: | |||||||||||
Residential Mortgages | 39,149 | 776 | 843 | 2,143 | - | 42,911 | |||||
Residential Consumer Construction | 7,009 | - | - | 91 | - | 7,100 | |||||
Totals | $ | $ | $ | $ | $- | $ | |||||
355,152 | 5,827 | 5,676 | 11,609 | 378,264 | |||||||
Credit Loss Disclosures | |||||||||||
Credit Quality Information - by Class | |||||||||||
31-Dec-13 | |||||||||||
(dollars in thousands) | |||||||||||
2013 | Pass | Monitor | Special | Substandard | Doubtful | Totals | |||||
Mention | |||||||||||
Commercial | $ | $ | $ | $ | $ - | $ | |||||
48,827 | 2,109 | 979 | 3,888 | 55,803 | |||||||
Commercial Real Estate: | |||||||||||
Commercial Mortgages-Owner Occupied | 58,740 | 2,355 | 1,356 | 2,870 | - | 65,321 | |||||
Commercial Mortgages-Non Owner Occupied | 85,474 | 2,737 | 5,468 | 1,044 | - | 94,723 | |||||
Commercial Construction | 11,455 | - | - | 618 | - | 12,073 | |||||
Consumer | |||||||||||
Consumer Unsecured | 4,721 | - | - | 1 | - | 4,722 | |||||
Consumer Secured | 65,056 | 814 | 283 | 290 | - | 66,443 | |||||
Residential: | |||||||||||
Residential Mortgages | 36,962 | 786 | 589 | 2,459 | - | 40,796 | |||||
Residential Consumer Construction | 5,299 | - | - | - | - | 5,299 | |||||
Totals | $ | $ | $ | $ | $ - | $ | |||||
316,534 | 8,801 | 8,675 | 11,170 | 345,180 | |||||||
Earnings_Per_Share_Earnings_Pe
Earnings Per Share (Earnings Per Share) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Net income | $914 | $813 | $2,462 | $2,398 |
Weighted average number of shares | 3,364,874 | 3,352,725 | 3,364,874 | 3,352,725 |
Options affect of incremental shares | ' | 4,149 | ' | 1,565 |
Weighted average diluted shares | 3,364,874 | 3,356,874 | 3,364,874 | 3,354,290 |
Basic EPS (weighted avg shares) | $0.27 | $0.24 | $0.73 | $0.72 |
Diluted EPS (Including Option Shares) | $0.27 | $0.24 | $0.73 | $0.71 |
Earnings_Per_Share_Schedule_Of
Earnings Per Share (Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share) (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Incremental shares excluded from calculating diluted EPS because their effect was anti-dilutive | 110,147 | 113,294 | 110,645 | 168,069 |
Stock_Based_Compensation_Detai
Stock Based Compensation (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Stock Based Compensation [Abstract] | ' |
Options outstanding, January 1, 2014, Shares | 111,371 |
Granted, Shares | ' |
Exercised, Shares | ' |
Forfeited, Shares | -1,224 |
Options outstanding, September 30, 2014, Shares | 110,147 |
Options exercisable, September 30, 2014, Shares | 110,147 |
Options outstanding, January 1, 2014, Weighted Average Exercise Price | $10.73 |
Granted, Weighted Average Exercise Price | ' |
Exercised, Weighted Average Exercise Price | ' |
Forfeited, Weighted Average Exercise Price | $10.23 |
Options outstanding, September 30, 2014, Weighted Average Exercise Price | $10.74 |
Options exercisable, September 30, 2014, Weighted Average Exercise Price | $10.74 |
Options outstanding, September 30, 2014, Weighted Average Remaining Contractual Life (in years) | '9 months 18 days |
Options exercisable, September 30, 2014, Weighted Average Remaining Contractual Life (in years) | '9 months 18 days |
Fair_Value_Measurements_Fair_V
Fair Value Measurements (Fair Value Assets Measured On Recurring Basis) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | $33,940 | $46,091 |
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | 33,940 | 46,091 |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | ' | ' |
US Treasuries [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | 3,797 | 3,611 |
US Treasuries [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | ' | ' |
US Treasuries [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | 3,797 | 3,611 |
US Treasuries [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | ' | ' |
US Agency Obligations [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | 17,789 | 20,108 |
US Agency Obligations [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | ' | ' |
US Agency Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | 17,789 | 20,108 |
US Agency Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | ' | ' |
Mortgage-Backed Securities [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | 1,951 | 5,311 |
Mortgage-Backed Securities [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | ' | ' |
Mortgage-Backed Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | 1,951 | 5,311 |
Mortgage-Backed Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | ' | ' |
Municipals [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | 8,403 | 15,138 |
Municipals [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | ' | ' |
Municipals [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | 8,403 | 15,138 |
Municipals [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | ' | ' |
Other (Corporates) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | 2,000 | 1,923 |
Other (Corporates) [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | ' | ' |
Other (Corporates) [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | 2,000 | 1,923 |
Other (Corporates) [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available-for-sale, at fair value | ' | ' |
Fair_Value_Measurements_Impair
Fair Value Measurements (Impaired Loans And Other Real Estate Owned Measured At Fair Value On A Nonrecurring Basis) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
In Thousands, unless otherwise specified | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Impaired loans | $4,842 | [1] | $4,307 | [1] |
Loans held for sale | 2,003 | 1,921 | ||
Other real estate owned | 1,160 | 1,451 | ||
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Impaired loans | ' | [1] | ' | [1] |
Loans held for sale | ' | ' | ||
Other real estate owned | ' | ' | ||
Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Loans held for sale | 2,003 | 1,921 | ||
Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Impaired loans | 4,842 | [1] | 4,307 | [1] |
Loans held for sale | ' | ' | ||
Other real estate owned | $1,160 | $1,451 | ||
[1] | Includes loans charged down during the quarter to the net realizable value of the collateral. |
Fair_Value_Measurements_Inform
Fair Value Measurements (Information Regarding Quantitative Inputs Used To Value Assets Classified As Level 3) (Details) (Significant Unobservable Inputs (Level 3) [Member], USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 |
Impaired Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Assets, Fair Value | 4,842 |
Impaired Loans [Member] | Maximum [Member] | Discounted Appraised Value [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Selling cost | 10.00% |
Discount for lack of marketability and age of appraisal | 25.00% |
Impaired Loans [Member] | Minimum [Member] | Discounted Appraised Value [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Selling cost | 5.00% |
Discount for lack of marketability and age of appraisal | 0.00% |
Impaired Loans [Member] | Weighted Average [Member] | Discounted Appraised Value [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Selling cost | 6.00% |
Discount for lack of marketability and age of appraisal | 15.00% |
OREO [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Assets, Fair Value | 1,160 |
OREO [Member] | Maximum [Member] | Discounted Appraised Value [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Selling cost | 10.00% |
Discount for lack of marketability and age of appraisal | 25.00% |
OREO [Member] | Minimum [Member] | Discounted Appraised Value [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Selling cost | 5.00% |
Discount for lack of marketability and age of appraisal | 0.00% |
OREO [Member] | Weighted Average [Member] | Discounted Appraised Value [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Selling cost | 6.00% |
Discount for lack of marketability and age of appraisal | 15.00% |
Fair_Value_Measurements_Fair_V1
Fair Value Measurements (Fair Value Carrying And Notional Amounts) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and due from banks | $14,850,000 | $16,671,000 |
Available-for-sale Securities | 33,940,000 | 46,091,000 |
Securities Held-to-maturity | 2,530,000 | 3,537,000 |
Interest receivable | 1,219,000 | 1,360,000 |
BOLI | 9,443,000 | 9,230,000 |
Federal funds purchased | 5,976,000 | 4,108,000 |
Interest payable | 58,000 | 65,000 |
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and due from banks | 14,850,000 | 16,671,000 |
Available-for-sale Securities | ' | ' |
Federal funds purchased | 5,976,000 | 4,108,000 |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale Securities | 33,940,000 | 46,091,000 |
Securities Held-to-maturity | 2,702,000 | 3,740,000 |
Loans held for sale | 2,003,000 | 1,921,000 |
Interest receivable | 1,219,000 | 1,360,000 |
BOLI | 9,443,000 | 9,230,000 |
Deposits | 400,006,000 | 388,363,000 |
FHLB borrowings | 2,009,000 | 2,018,000 |
Capital notes | 10,045,000 | 10,091,000 |
Interest payable | 58,000 | 65,000 |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale Securities | ' | ' |
Loans, net | 378,841,000 | 346,658,000 |
Carrying Amounts [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and due from banks | 14,850,000 | 16,671,000 |
Available-for-sale Securities | 33,940,000 | 46,091,000 |
Securities Held-to-maturity | 2,530,000 | 3,537,000 |
Loans, net | 373,390,000 | 339,994,000 |
Loans held for sale | 2,003,000 | 1,921,000 |
Interest receivable | 1,219,000 | 1,360,000 |
BOLI | 9,443,000 | 9,230,000 |
Deposits | 398,831,000 | 387,398,000 |
FHLB borrowings | 2,000,000 | 2,000,000 |
Federal funds purchased | 5,976,000 | 4,108,000 |
Capital notes | 10,000,000 | 10,000,000 |
Interest payable | 58,000 | 65,000 |
Fair Values [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and due from banks | 14,850,000 | 16,671,000 |
Available-for-sale Securities | 33,940,000 | 46,091,000 |
Securities Held-to-maturity | 2,702,000 | 3,740,000 |
Loans, net | 378,841,000 | 346,658,000 |
Loans held for sale | 2,003,000 | 1,921,000 |
Interest receivable | 1,219,000 | 1,360,000 |
BOLI | 9,443,000 | 9,230,000 |
Deposits | 400,006,000 | 388,363,000 |
FHLB borrowings | 2,009,000 | 2,018,000 |
Federal funds purchased | 5,976,000 | 4,108,000 |
Capital notes | 10,045,000 | 10,091,000 |
Interest payable | $58,000 | $65,000 |
Capital_Notes_Details
Capital Notes (Details) (USD $) | 1 Months Ended | 3 Months Ended | 9 Months Ended |
Apr. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2014 | |
Capital Notes [Abstract] | ' | ' | ' |
Capital notes issued | ' | $10,000,000 | ' |
Debt instrument, interest rate, stated percentage | ' | ' | 6.00% |
Debt instrument, maturity date | ' | ' | 1-Apr-17 |
Duration of written notice to holders | ' | ' | '30 days |
Payment on maturity principal | $7,000,000 | ' | ' |
Investments_Narrative_Details
Investments (Narrative) (Details) | Sep. 30, 2014 |
security | |
Number Of Securities Evaluated For Other Than Temporary Impairment [Line Items] | ' |
Securities evaluated for other than temporary impairment | 31 |
US Agency Obligations [Member] | ' |
Number Of Securities Evaluated For Other Than Temporary Impairment [Line Items] | ' |
Securities evaluated for other than temporary impairment | 15 |
Municipals [Member] | ' |
Number Of Securities Evaluated For Other Than Temporary Impairment [Line Items] | ' |
Securities evaluated for other than temporary impairment | 14 |
US Corporation [Member] | ' |
Number Of Securities Evaluated For Other Than Temporary Impairment [Line Items] | ' |
Securities evaluated for other than temporary impairment | 2 |
S&P Rated AAA [Member] | ' |
Number Of Securities Evaluated For Other Than Temporary Impairment [Line Items] | ' |
Securities evaluated for other than temporary impairment | 8 |
S&P Rated AA [Member] | ' |
Number Of Securities Evaluated For Other Than Temporary Impairment [Line Items] | ' |
Securities evaluated for other than temporary impairment | 22 |
S&P Rated A [Member] | ' |
Number Of Securities Evaluated For Other Than Temporary Impairment [Line Items] | ' |
Securities evaluated for other than temporary impairment | 1 |
Investments_Summary_Of_Securit
Investments (Summary Of Securities Held-To-Maturity And Securities Available-For-Sale) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule Of Available-For-Sale Securities And Held-To-Maturity Securities [Line Items] | ' | ' |
Held-to-Maturity, Fair Value | $2,702 | $3,740 |
Available-for-Sale, Amortized Costs | 35,276 | 49,757 |
Available-for-Sale, Gross Unrealized Gains | 109 | 46 |
Available-for-Sale, Gross Unrealized (Losses) | -1,445 | -3,712 |
Available-for-sale, Fair Value | 33,940 | 46,091 |
US Treasuries [Member] | ' | ' |
Schedule Of Available-For-Sale Securities And Held-To-Maturity Securities [Line Items] | ' | ' |
Available-for-Sale, Amortized Costs | 3,914 | 3,907 |
Available-for-Sale, Gross Unrealized (Losses) | -117 | -296 |
Available-for-sale, Fair Value | 3,797 | 3,611 |
US Agency Obligations [Member] | ' | ' |
Schedule Of Available-For-Sale Securities And Held-To-Maturity Securities [Line Items] | ' | ' |
Available-for-Sale, Amortized Costs | 18,859 | 22,544 |
Available-for-Sale, Gross Unrealized (Losses) | -1,070 | -2,436 |
Available-for-sale, Fair Value | 17,789 | 20,108 |
Mortgage-Backed Securities [Member] | ' | ' |
Schedule Of Available-For-Sale Securities And Held-To-Maturity Securities [Line Items] | ' | ' |
Available-for-Sale, Amortized Costs | 2,043 | 5,450 |
Available-for-Sale, Gross Unrealized Gains | ' | 11 |
Available-for-Sale, Gross Unrealized (Losses) | -92 | -150 |
Available-for-sale, Fair Value | 1,951 | 5,311 |
Municipals [Member] | ' | ' |
Schedule Of Available-For-Sale Securities And Held-To-Maturity Securities [Line Items] | ' | ' |
Available-for-Sale, Amortized Costs | 8,425 | 15,845 |
Available-for-Sale, Gross Unrealized Gains | 109 | 35 |
Available-for-Sale, Gross Unrealized (Losses) | -131 | -742 |
Available-for-sale, Fair Value | 8,403 | 15,138 |
Other (Corporates) [Member] | ' | ' |
Schedule Of Available-For-Sale Securities And Held-To-Maturity Securities [Line Items] | ' | ' |
Available-for-Sale, Amortized Costs | 2,035 | 2,011 |
Available-for-Sale, Gross Unrealized (Losses) | -35 | -88 |
Available-for-sale, Fair Value | 2,000 | 1,923 |
US Agency Obligations [Member] | ' | ' |
Schedule Of Available-For-Sale Securities And Held-To-Maturity Securities [Line Items] | ' | ' |
Held-to-Maturity, Amortized Costs | 2,530 | 3,537 |
Held-to-Maturity, Gross Unrealized Gains | 172 | 203 |
Held-to-Maturity, Fair Value | $2,702 | $3,740 |
Investments_Gross_Unrealized_L
Investments (Gross Unrealized Losses And Fair Value Of The Bank's Investments) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value, Less than 12 months | $3,508 | $35,614 |
Unrealized Losses, Less than 12 months | 34 | 2,581 |
Fair Value, More than 12 months | 27,887 | 6,500 |
Unrealized Losses, More than 12 months | 1,411 | 1,131 |
Fair Value, Total | 31,395 | 42,114 |
Unrealized Losses, Total | 1,445 | 3,712 |
US Treasuries [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value, Less than 12 months | ' | 3,611 |
Unrealized Losses, Less than 12 months | ' | 296 |
Fair Value, More than 12 months | 3,797 | ' |
Unrealized Losses, More than 12 months | 117 | ' |
Fair Value, Total | 3,797 | 3,611 |
Unrealized Losses, Total | 117 | 296 |
US Agency Obligations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value, Less than 12 months | 994 | 14,087 |
Unrealized Losses, Less than 12 months | 6 | 1,473 |
Fair Value, More than 12 months | 16,795 | 5,021 |
Unrealized Losses, More than 12 months | 1,064 | 963 |
Fair Value, Total | 17,789 | 19,108 |
Unrealized Losses, Total | 1,070 | 2,436 |
Mortgage-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value, Less than 12 months | ' | 4,830 |
Unrealized Losses, Less than 12 months | ' | 150 |
Fair Value, More than 12 months | 1,951 | ' |
Unrealized Losses, More than 12 months | 92 | ' |
Fair Value, Total | 1,951 | 4,830 |
Unrealized Losses, Total | 92 | 150 |
Municipals [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value, Less than 12 months | 1,510 | 11,163 |
Unrealized Losses, Less than 12 months | 17 | 574 |
Fair Value, More than 12 months | 4,348 | 1,479 |
Unrealized Losses, More than 12 months | 114 | 168 |
Fair Value, Total | 5,858 | 12,642 |
Unrealized Losses, Total | 131 | 742 |
Other (Corporates) [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value, Less than 12 months | 1,004 | 1,923 |
Unrealized Losses, Less than 12 months | 11 | 88 |
Fair Value, More than 12 months | 996 | ' |
Unrealized Losses, More than 12 months | 24 | ' |
Fair Value, Total | 2,000 | 1,923 |
Unrealized Losses, Total | $35 | $88 |
Business_Segments_Details
Business Segments (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
segment | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Number of reportable segments | ' | ' | 2 | ' | ' |
Net interest income | $4,149,000 | $3,967,000 | $12,126,000 | $11,845,000 | ' |
Provision for loan losses | ' | ' | 55,000 | 290,000 | 540,000 |
Net interest income after provision for loan losses | 4,149,000 | 3,967,000 | 12,071,000 | 11,555,000 | ' |
Noninterest income | 929,000 | 769,000 | 2,603,000 | 2,638,000 | ' |
Noninterest expenses | 3,739,000 | 3,568,000 | 11,105,000 | 10,770,000 | ' |
Income before income taxes | 1,339,000 | 1,168,000 | 3,569,000 | 3,423,000 | ' |
Income tax expense | 425,000 | 355,000 | 1,107,000 | 1,025,000 | ' |
Net income (loss) | 914,000 | 813,000 | 2,462,000 | 2,398,000 | ' |
Total assets | 451,686,000 | 435,372,000 | 451,686,000 | 435,372,000 | 434,511,000 |
Community Banking [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Net interest income | 4,149,000 | 3,967,000 | 12,126,000 | 11,845,000 | ' |
Provision for loan losses | ' | ' | 55,000 | 290,000 | ' |
Net interest income after provision for loan losses | 4,149,000 | 3,967,000 | 12,071,000 | 11,555,000 | ' |
Noninterest income | 411,000 | 474,000 | 1,389,000 | 1,684,000 | ' |
Noninterest expenses | 3,224,000 | 3,376,000 | 10,071,000 | 10,006,000 | ' |
Income before income taxes | 1,336,000 | 1,065,000 | 3,389,000 | 3,233,000 | ' |
Income tax expense | 409,000 | 332,000 | 1,044,000 | 960,000 | ' |
Net income (loss) | 927,000 | 733,000 | 2,345,000 | 2,273,000 | ' |
Total assets | 449,623,000 | 434,493,000 | 449,623,000 | 434,493,000 | ' |
Mortgage [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Noninterest income | 518,000 | 295,000 | 1,214,000 | 954,000 | ' |
Noninterest expenses | 515,000 | 192,000 | 1,034,000 | 764,000 | ' |
Income before income taxes | 3,000 | 103,000 | 180,000 | 190,000 | ' |
Income tax expense | 16,000 | 23,000 | 63,000 | 65,000 | ' |
Net income (loss) | -13,000 | 80,000 | 117,000 | 125,000 | ' |
Total assets | $2,063,000 | $879,000 | $2,063,000 | $879,000 | ' |
Loans_Allowance_For_Loan_Losse2
Loans, Allowance For Loan Losses And OREO (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
contract | contract | contract | contract | ||
Loans, Allowance For Loan Losses And OREO [Abstract] | ' | ' | ' | ' | ' |
Other real estate owned | $1,160 | ' | $1,160 | ' | $1,451 |
Number of loans classified as TDRs | 0 | 0 | 0 | 0 | ' |
Number of Contracts (That Subsequently Defaulted) | 0 | 0 | 0 | 0 | ' |
Loans_Allowance_For_Loan_Losse3
Loans, Allowance For Loan Losses And OREO (Summary Of Loans, Net) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Loans, Allowance For Loan Losses And OREO [Abstract] | ' | ' |
Commercial | $65,050 | $55,803 |
Commercial real estate | 190,675 | 172,117 |
Consumer | 72,528 | 71,165 |
Residential | 50,011 | 46,095 |
Total Financing Receivables | 378,264 | 345,180 |
Less allowance for loan losses | 4,874 | 5,186 |
Net loans | $373,390 | $339,994 |
Loans_Allowance_For_Loan_Losse4
Loans, Allowance For Loan Losses And OREO (Financing Receivables On Non-Accrual Status) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables on Non-Accrual Status | $3,263 | $3,066 |
Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables on Non-Accrual Status | 2,116 | 1,585 |
Commercial Mortgages-Owner Occupied [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables on Non-Accrual Status | 212 | 537 |
Commercial Mortgages-Non-Owner Occupied [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables on Non-Accrual Status | 72 | 353 |
Commercial Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables on Non-Accrual Status | 460 | 375 |
Consumer Unsecured [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables on Non-Accrual Status | ' | ' |
Consumer Secured [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables on Non-Accrual Status | ' | 33 |
Residential Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables on Non-Accrual Status | 312 | 183 |
Residential Consumer Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables on Non-Accrual Status | $91 | ' |
Loans_Allowance_For_Loan_Losse5
Loans, Allowance For Loan Losses And OREO (Changes In OREO Balance) (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Loans, Allowance For Loan Losses And OREO [Abstract] | ' | ' |
Balance at the beginning of the year (net) | $1,451 | ' |
Transfers from loans | 459 | 710 |
Capitalized costs | ' | ' |
Writedowns | -178 | ' |
Sales proceeds | -573 | ' |
Gain on disposition | 1 | -40 |
Balance at the end of the period (net) | $1,160 | ' |
Loans_Allowance_For_Loan_Losse6
Loans, Allowance For Loan Losses And OREO (Impaired Loans) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
Financing Receivable, Impaired [Line Items] | ' | ' |
Totals: Recorded Investment | $11,298 | $10,986 |
Totals: Unpaid Principal Balance | 13,062 | 12,378 |
Related Allowance | 1,345 | 964 |
Totals: Average Recorded Investment | 11,146 | 16,666 |
Totals: Interest Income Recognized | 403 | 501 |
Commercial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Related Allowance Recorded: Recorded Investment | 2,558 | 3,265 |
With No Related Allowance Recorded: Unpaid Principal Balance | 2,798 | 3,699 |
With No Related Allowance Recorded: Average Recorded Investment | 2,912 | 2,898 |
With No Related Allowance Recorded: Interest Income Recognized | 68 | 101 |
With An Allowance Recorded: Recorded Investment | 1,806 | 573 |
With An Allowance Recorded: Unpaid Principal Balance | 2,234 | 573 |
With An Allowance Recorded: Average Recorded Investment | 1,190 | 597 |
With An Allowance Recorded: Interest Income Recognized | 32 | 38 |
Totals: Recorded Investment | 4,364 | 3,838 |
Totals: Unpaid Principal Balance | 5,032 | 4,272 |
Related Allowance | 832 | 406 |
Totals: Average Recorded Investment | 4,102 | 3,495 |
Totals: Interest Income Recognized | 100 | 139 |
Commercial Mortgages-Owner Occupied [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Related Allowance Recorded: Recorded Investment | 2,300 | 539 |
With No Related Allowance Recorded: Unpaid Principal Balance | 2,350 | 593 |
With No Related Allowance Recorded: Average Recorded Investment | 1,420 | 1,566 |
With No Related Allowance Recorded: Interest Income Recognized | 110 | 38 |
With An Allowance Recorded: Recorded Investment | 1,056 | 2,420 |
With An Allowance Recorded: Unpaid Principal Balance | 1,225 | 2,617 |
With An Allowance Recorded: Average Recorded Investment | 1,738 | 3,046 |
With An Allowance Recorded: Interest Income Recognized | 45 | 108 |
Totals: Recorded Investment | 3,356 | 2,959 |
Totals: Unpaid Principal Balance | 3,575 | 3,210 |
Related Allowance | 60 | 280 |
Totals: Average Recorded Investment | 3,158 | 4,612 |
Totals: Interest Income Recognized | 155 | 146 |
Commercial Mortgages-Non-Owner Occupied [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Related Allowance Recorded: Recorded Investment | 712 | 1,003 |
With No Related Allowance Recorded: Unpaid Principal Balance | 712 | 1,003 |
With No Related Allowance Recorded: Average Recorded Investment | 858 | 3,686 |
With No Related Allowance Recorded: Interest Income Recognized | 32 | 47 |
With An Allowance Recorded: Recorded Investment | 306 | 220 |
With An Allowance Recorded: Unpaid Principal Balance | 306 | 221 |
With An Allowance Recorded: Average Recorded Investment | 263 | 530 |
With An Allowance Recorded: Interest Income Recognized | 12 | 15 |
Totals: Recorded Investment | 1,018 | 1,223 |
Totals: Unpaid Principal Balance | 1,018 | 1,224 |
Related Allowance | 33 | 14 |
Totals: Average Recorded Investment | 1,121 | 4,216 |
Totals: Interest Income Recognized | 44 | 62 |
Commercial Construction [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Related Allowance Recorded: Recorded Investment | 84 | 751 |
With No Related Allowance Recorded: Unpaid Principal Balance | 531 | 1,274 |
With No Related Allowance Recorded: Average Recorded Investment | 418 | 746 |
With No Related Allowance Recorded: Interest Income Recognized | ' | 8 |
With An Allowance Recorded: Recorded Investment | 376 | ' |
With An Allowance Recorded: Unpaid Principal Balance | 644 | ' |
With An Allowance Recorded: Average Recorded Investment | 188 | 412 |
Totals: Recorded Investment | 460 | 751 |
Totals: Unpaid Principal Balance | 1,175 | 1,274 |
Related Allowance | 17 | ' |
Totals: Average Recorded Investment | 606 | 1,158 |
Totals: Interest Income Recognized | ' | 8 |
Consumer Unsecured [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Related Allowance Recorded: Recorded Investment | ' | ' |
With No Related Allowance Recorded: Unpaid Principal Balance | ' | ' |
With No Related Allowance Recorded: Average Recorded Investment | ' | ' |
With No Related Allowance Recorded: Interest Income Recognized | ' | ' |
With An Allowance Recorded: Average Recorded Investment | ' | 1 |
Totals: Average Recorded Investment | ' | 1 |
Consumer Secured [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Related Allowance Recorded: Recorded Investment | 21 | 21 |
With No Related Allowance Recorded: Unpaid Principal Balance | 21 | 21 |
With No Related Allowance Recorded: Average Recorded Investment | 21 | 245 |
With No Related Allowance Recorded: Interest Income Recognized | 1 | 1 |
With An Allowance Recorded: Recorded Investment | 119 | 40 |
With An Allowance Recorded: Unpaid Principal Balance | 119 | 40 |
With An Allowance Recorded: Average Recorded Investment | 80 | 285 |
With An Allowance Recorded: Interest Income Recognized | 6 | 3 |
Totals: Recorded Investment | 140 | 61 |
Totals: Unpaid Principal Balance | 140 | 61 |
Related Allowance | 119 | 40 |
Totals: Average Recorded Investment | 101 | 530 |
Totals: Interest Income Recognized | 7 | 4 |
Residential Mortgages [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Related Allowance Recorded: Recorded Investment | 463 | 470 |
With No Related Allowance Recorded: Unpaid Principal Balance | 463 | 517 |
With No Related Allowance Recorded: Average Recorded Investment | 467 | 1,304 |
With No Related Allowance Recorded: Interest Income Recognized | 47 | 24 |
With An Allowance Recorded: Recorded Investment | 1,497 | 1,684 |
With An Allowance Recorded: Unpaid Principal Balance | 1,659 | 1,820 |
With An Allowance Recorded: Average Recorded Investment | 1,591 | 1,350 |
With An Allowance Recorded: Interest Income Recognized | 50 | 118 |
Totals: Recorded Investment | 1,960 | 2,154 |
Totals: Unpaid Principal Balance | 2,122 | 2,337 |
Related Allowance | 284 | 224 |
Totals: Average Recorded Investment | 2,058 | 2,654 |
Totals: Interest Income Recognized | 97 | 142 |
Residential Consumer Construction [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With No Related Allowance Recorded: Recorded Investment | ' | ' |
With No Related Allowance Recorded: Unpaid Principal Balance | ' | ' |
With No Related Allowance Recorded: Average Recorded Investment | ' | ' |
With No Related Allowance Recorded: Interest Income Recognized | ' | ' |
With An Allowance Recorded: Recorded Investment | ' | ' |
With An Allowance Recorded: Unpaid Principal Balance | ' | ' |
With An Allowance Recorded: Average Recorded Investment | ' | ' |
With An Allowance Recorded: Interest Income Recognized | ' | ' |
Totals: Recorded Investment | ' | ' |
Totals: Unpaid Principal Balance | ' | ' |
Related Allowance | ' | ' |
Totals: Average Recorded Investment | ' | ' |
Totals: Interest Income Recognized | ' | ' |
Loans_Allowance_For_Loan_Losse7
Loans, Allowance For Loan Losses And OREO (Allowance For Credit Losses And Recorded Investment In Financing Receivables) (Details) (USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Allowance for Credit Losses: Beginning Balance | $5,186 | $5,535 | $5,535 |
Allowance for Credit Losses: Charge-offs | -427 | ' | -1,105 |
Allowance for Credit Losses: Recoveries | 60 | ' | 216 |
Allowance for credit losses: Provision | 55 | 290 | 540 |
Allowance for Credit Losses: Ending Balance | 4,874 | ' | 5,186 |
Allowance for Credit Losses: Ending Balance: Individually evaluated for impairment | 1,345 | ' | 964 |
Allowance for Credit Losses: Ending Balance: Collectively evaluated for impairment | 3,529 | ' | 4,222 |
Allowance for Credit Losses: Totals | 4,874 | ' | 5,186 |
Financing Receivables: Ending Balance: Individually evaluated for impairment | 11,298 | ' | 10,986 |
Financing Receivables: Ending Balance: Collectively evaluated for impairment | 366,966 | ' | 334,194 |
Total Financing Receivables | 378,264 | ' | 345,180 |
Commercial [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Allowance for Credit Losses: Beginning Balance | 1,015 | 987 | 987 |
Allowance for Credit Losses: Charge-offs | -165 | ' | -19 |
Allowance for Credit Losses: Recoveries | 27 | ' | 37 |
Allowance for credit losses: Provision | 473 | ' | 10 |
Allowance for Credit Losses: Ending Balance | 1,350 | ' | 1,015 |
Allowance for Credit Losses: Ending Balance: Individually evaluated for impairment | 832 | ' | 406 |
Allowance for Credit Losses: Ending Balance: Collectively evaluated for impairment | 518 | ' | 609 |
Allowance for Credit Losses: Totals | 1,350 | ' | 1,015 |
Financing Receivables: Ending Balance: Individually evaluated for impairment | 4,364 | ' | 3,838 |
Financing Receivables: Ending Balance: Collectively evaluated for impairment | 60,686 | ' | 51,965 |
Total Financing Receivables | 65,050 | ' | 55,803 |
Commercial Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Allowance for Credit Losses: Beginning Balance | 2,631 | 2,849 | 2,849 |
Allowance for Credit Losses: Charge-offs | -188 | ' | -932 |
Allowance for Credit Losses: Recoveries | 9 | ' | 42 |
Allowance for credit losses: Provision | -490 | ' | 672 |
Allowance for Credit Losses: Ending Balance | 1,962 | ' | 2,631 |
Allowance for Credit Losses: Ending Balance: Individually evaluated for impairment | 110 | ' | 294 |
Allowance for Credit Losses: Ending Balance: Collectively evaluated for impairment | 1,852 | ' | 2,337 |
Allowance for Credit Losses: Totals | 1,962 | ' | 2,631 |
Financing Receivables: Ending Balance: Individually evaluated for impairment | 4,834 | ' | 4,933 |
Financing Receivables: Ending Balance: Collectively evaluated for impairment | 185,841 | ' | 167,184 |
Total Financing Receivables | 190,675 | ' | 172,117 |
Consumer [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Allowance for Credit Losses: Beginning Balance | 935 | 1,057 | 1,057 |
Allowance for Credit Losses: Charge-offs | -34 | ' | -126 |
Allowance for Credit Losses: Recoveries | 24 | ' | 137 |
Allowance for credit losses: Provision | -182 | ' | -133 |
Allowance for Credit Losses: Ending Balance | 743 | ' | 935 |
Allowance for Credit Losses: Ending Balance: Individually evaluated for impairment | 119 | ' | 40 |
Allowance for Credit Losses: Ending Balance: Collectively evaluated for impairment | 624 | ' | 895 |
Allowance for Credit Losses: Totals | 743 | ' | 935 |
Financing Receivables: Ending Balance: Individually evaluated for impairment | 140 | ' | 61 |
Financing Receivables: Ending Balance: Collectively evaluated for impairment | 72,388 | ' | 71,104 |
Total Financing Receivables | 72,528 | ' | 71,165 |
Residential Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Allowance for Credit Losses: Beginning Balance | 605 | 642 | 642 |
Allowance for Credit Losses: Charge-offs | -40 | ' | -28 |
Allowance for credit losses: Provision | 254 | ' | -9 |
Allowance for Credit Losses: Ending Balance | 819 | ' | 605 |
Allowance for Credit Losses: Ending Balance: Individually evaluated for impairment | 284 | ' | 224 |
Allowance for Credit Losses: Ending Balance: Collectively evaluated for impairment | 535 | ' | 381 |
Allowance for Credit Losses: Totals | 819 | ' | 605 |
Financing Receivables: Ending Balance: Individually evaluated for impairment | 1,960 | ' | 2,154 |
Financing Receivables: Ending Balance: Collectively evaluated for impairment | 48,051 | ' | 43,941 |
Total Financing Receivables | $50,011 | ' | $46,095 |
Loans_Allowance_For_Loan_Losse8
Loans, Allowance For Loan Losses And OREO (Age Analysis Of Past Due Financing Receivables) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30 - 59 Days Past Due | $1,740 | $2,364 |
60 - 89 Days Past Due | 1,770 | 95 |
Greater than 90 Days | 3,172 | 2,671 |
Total Past Due | 6,682 | 5,130 |
Current | 371,582 | 340,050 |
Total Financing Receivables | 378,264 | 345,180 |
Recorded Investment > 90 Days & Accruing | ' | ' |
Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30 - 59 Days Past Due | 88 | 389 |
60 - 89 Days Past Due | 94 | ' |
Greater than 90 Days | 2,116 | 1,586 |
Total Past Due | 2,298 | 1,975 |
Current | 62,752 | 53,828 |
Total Financing Receivables | 65,050 | 55,803 |
Recorded Investment > 90 Days & Accruing | ' | ' |
Commercial Mortgages-Owner Occupied [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30 - 59 Days Past Due | 646 | 1,099 |
60 - 89 Days Past Due | 857 | ' |
Greater than 90 Days | 212 | 409 |
Total Past Due | 1,715 | 1,508 |
Current | 68,798 | 63,813 |
Total Financing Receivables | 70,513 | 65,321 |
Recorded Investment > 90 Days & Accruing | ' | ' |
Commercial Mortgages-Non-Owner Occupied [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30 - 59 Days Past Due | ' | 96 |
60 - 89 Days Past Due | 55 | ' |
Greater than 90 Days | 72 | 85 |
Total Past Due | 127 | 181 |
Current | 111,078 | 94,542 |
Total Financing Receivables | 111,205 | 94,723 |
Recorded Investment > 90 Days & Accruing | ' | ' |
Commercial Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Greater than 90 Days | 460 | 375 |
Total Past Due | 460 | 375 |
Current | 8,497 | 11,698 |
Total Financing Receivables | 8,957 | 12,073 |
Recorded Investment > 90 Days & Accruing | ' | ' |
Consumer Unsecured [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30 - 59 Days Past Due | 32 | 5 |
Total Past Due | 32 | 5 |
Current | 4,204 | 4,717 |
Total Financing Receivables | 4,236 | 4,722 |
Recorded Investment > 90 Days & Accruing | ' | ' |
Consumer Secured [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30 - 59 Days Past Due | 379 | 71 |
60 - 89 Days Past Due | 107 | ' |
Greater than 90 Days | ' | 33 |
Total Past Due | 486 | 104 |
Current | 67,806 | 66,339 |
Total Financing Receivables | 68,292 | 66,443 |
Recorded Investment > 90 Days & Accruing | ' | ' |
Residential Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30 - 59 Days Past Due | 595 | 704 |
60 - 89 Days Past Due | 657 | ' |
Greater than 90 Days | 312 | 183 |
Total Past Due | 1,564 | 887 |
Current | 41,347 | 39,909 |
Total Financing Receivables | 42,911 | 40,796 |
Recorded Investment > 90 Days & Accruing | ' | ' |
Residential Consumer Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
60 - 89 Days Past Due | ' | 95 |
Total Past Due | ' | 95 |
Current | 7,100 | 5,204 |
Total Financing Receivables | 7,100 | 5,299 |
Recorded Investment > 90 Days & Accruing | ' | ' |
Loans_Allowance_For_Loan_Losse9
Loans, Allowance For Loan Losses And OREO (Credit Quality Information-By Class) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | $378,264 | $345,180 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 355,152 | 316,534 |
Monitor [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 5,827 | 8,801 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 5,676 | 8,675 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 11,609 | 11,170 |
Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | ' | ' |
Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 65,050 | 55,803 |
Commercial [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 59,258 | 48,827 |
Commercial [Member] | Monitor [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 1,210 | 2,109 |
Commercial [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 90 | 979 |
Commercial [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 4,492 | 3,888 |
Commercial [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | ' | ' |
Commercial Mortgages-Owner Occupied [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 70,513 | 65,321 |
Commercial Mortgages-Owner Occupied [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 65,844 | 58,740 |
Commercial Mortgages-Owner Occupied [Member] | Monitor [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 1,098 | 2,355 |
Commercial Mortgages-Owner Occupied [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 308 | 1,356 |
Commercial Mortgages-Owner Occupied [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 3,263 | 2,870 |
Commercial Mortgages-Owner Occupied [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | ' | ' |
Commercial Mortgages-Non-Owner Occupied [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 111,205 | 94,723 |
Commercial Mortgages-Non-Owner Occupied [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 104,323 | 85,474 |
Commercial Mortgages-Non-Owner Occupied [Member] | Monitor [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 1,809 | 2,737 |
Commercial Mortgages-Non-Owner Occupied [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 4,338 | 5,468 |
Commercial Mortgages-Non-Owner Occupied [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 735 | 1,044 |
Commercial Mortgages-Non-Owner Occupied [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | ' | ' |
Commercial Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 8,957 | 12,073 |
Commercial Construction [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 8,073 | 11,455 |
Commercial Construction [Member] | Monitor [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 424 | ' |
Commercial Construction [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 460 | 618 |
Commercial Construction [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | ' | ' |
Consumer Unsecured [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 4,236 | 4,722 |
Consumer Unsecured [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 4,236 | 4,721 |
Consumer Unsecured [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | ' | 1 |
Consumer Unsecured [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | ' | ' |
Consumer Secured [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 68,292 | 66,443 |
Consumer Secured [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 67,260 | 65,056 |
Consumer Secured [Member] | Monitor [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 510 | 814 |
Consumer Secured [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 97 | 283 |
Consumer Secured [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 425 | 290 |
Consumer Secured [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | ' | ' |
Residential Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 42,911 | 40,796 |
Residential Mortgages [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 39,149 | 36,962 |
Residential Mortgages [Member] | Monitor [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 776 | 786 |
Residential Mortgages [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 843 | 589 |
Residential Mortgages [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 2,143 | 2,459 |
Residential Mortgages [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | ' | ' |
Residential Consumer Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 7,100 | 5,299 |
Residential Consumer Construction [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 7,009 | 5,299 |
Residential Consumer Construction [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | 91 | ' |
Residential Consumer Construction [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivables | ' | ' |