Document and Entity Information
Document and Entity Information | 9 Months Ended |
Sep. 30, 2015shares | |
Document And Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Sep. 30, 2015 |
Document Fiscal Year Focus | 2,015 |
Document Fiscal Period Focus | Q3 |
Entity Registrant Name | Community Bankers Trust Corp |
Entity Central Index Key | 1,323,648 |
Current Fiscal Year End Date | --12-31 |
Entity Filer Category | Accelerated Filer |
Entity Common Stock, Shares Outstanding | 21,848,489 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
ASSETS | ||
Cash and due from banks | $ 10,032 | $ 8,329 |
Interest bearing bank deposits | 2,405 | 14,024 |
Total cash and cash equivalents | 12,437 | 22,353 |
Securities available for sale, at fair value | 266,961 | 274,568 |
Securities held to maturity, at cost (fair value of $39,773 and $37,539, respectively) | 38,732 | 36,197 |
Equity securities, restricted, at cost | 8,610 | 8,816 |
Total securities | 314,303 | 319,581 |
Loans held for sale | 673 | 200 |
Loans | 693,002 | 660,020 |
Purchased credit impaired (PCI) loans | 61,073 | 67,460 |
Total loans | 754,075 | 727,480 |
Allowance for loan losses (loans of $9,701 and $9,267, respectively; PCI loans of $484 and $484, respectively) | (10,185) | (9,751) |
Net loans | 743,890 | 717,729 |
FDIC indemnification asset | 18,609 | |
Bank premises and equipment, net | 27,583 | 29,702 |
Bank premises and equipment held for sale | 2,228 | 465 |
Other real estate owned | 5,858 | 7,743 |
Bank owned life insurance | 21,466 | 21,004 |
FDIC receivable under shared-loss agreements | 669 | |
Core deposit intangibles, net | 3,282 | 4,713 |
Other assets | 17,465 | 12,966 |
Total assets | 1,149,185 | 1,155,734 |
Deposits: | ||
Noninterest bearing | 99,549 | 84,564 |
Interest bearing | 834,016 | 834,381 |
Total deposits | 933,565 | 918,945 |
Federal funds purchased and securities sold under agreements to repurchase | 958 | 14,500 |
Federal Home Loan Bank advances | 95,844 | 96,401 |
Long-term debt | 6,476 | 9,680 |
Trust preferred capital notes | 4,124 | 4,124 |
Other liabilities | 5,263 | 4,434 |
Total liabilities | 1,046,230 | 1,048,084 |
SHAREHOLDERS' EQUITY | ||
Common stock (200,000,000 shares authorized, $0.01 par value; 21,848,489 and 21,791,523 shares issued and outstanding, respectively) | 218 | 218 |
Additional paid in capital | 145,751 | 145,321 |
Retained deficit | (43,264) | (38,553) |
Accumulated other comprehensive income | 250 | 664 |
Total shareholders' equity | 102,955 | 107,650 |
Total liabilities and shareholders' equity | $ 1,149,185 | $ 1,155,734 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Statement Of Financial Position [Abstract] | ||
Securities held to maturity | $ 39,773 | $ 37,539 |
Allowance for loan losses, loans | 9,701 | 9,267 |
Allowance for loan losses | $ 484 | $ 484 |
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares issued | 21,848,489 | 21,791,523 |
Common stock, shares outstanding | 21,848,489 | 21,791,523 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Interest and dividend income | ||||
Interest and fees on loans | $ 7,986 | $ 7,924 | $ 23,750 | $ 22,079 |
Interest and fees on PCI loans | 1,730 | 2,646 | 6,221 | 9,058 |
Interest on federal funds sold | 2 | |||
Interest on deposits in other banks | 12 | 11 | 46 | 46 |
Interest and dividends on securities | ||||
Taxable | 1,396 | 1,813 | 4,119 | 5,221 |
Nontaxable | 599 | 271 | 1,568 | 595 |
Total interest and dividend income | 11,723 | 12,665 | 35,706 | 36,999 |
Interest expense | ||||
Interest on deposits | 1,523 | 1,504 | 4,457 | 4,365 |
Interest on borrowed funds | 355 | 279 | 1,156 | 685 |
Total interest expense | 1,878 | 1,783 | 5,613 | 5,050 |
Net interest income | $ 9,845 | $ 10,882 | $ 30,093 | $ 31,949 |
Provision for loan losses | ||||
Net interest income after provision for loan losses | $ 9,845 | $ 10,882 | $ 30,093 | $ 31,949 |
Noninterest income | ||||
Service charges on deposit accounts | 583 | 584 | 1,668 | 1,634 |
Gain on securities transactions, net | 74 | 115 | 363 | 494 |
Gain on sale of other loans, net | 78 | 69 | 153 | |
Income on bank owned life insurance | 188 | 193 | 562 | 578 |
Mortgage loan income | 230 | 42 | 640 | 115 |
Other | 178 | 154 | 554 | 463 |
Total noninterest income | 1,253 | 1,166 | 3,856 | 3,437 |
Noninterest expense | ||||
Salaries and employee benefits | 4,803 | 4,072 | 13,704 | 12,023 |
Occupancy expenses | 669 | 631 | 1,976 | 1,966 |
Equipment expenses | 282 | 255 | 782 | 734 |
FDIC assessment | 187 | 210 | 644 | 611 |
Data processing fees | 401 | 355 | 1,255 | 1,312 |
FDIC indemnification asset amortization | 13,803 | 1,439 | 16,195 | 4,415 |
Amortization of intangibles | 477 | 477 | 1,431 | 1,431 |
Other real estate expenses | 858 | 392 | 1,080 | 775 |
Other operating expenses | 1,549 | 1,707 | 4,924 | 4,807 |
Total noninterest expense | 23,029 | 9,538 | 41,991 | 28,074 |
(Loss) Income before income taxes | (11,931) | 2,510 | (8,042) | 7,312 |
Income tax (benefit) expense | (4,215) | 697 | (3,331) | 2,055 |
Net (loss) income | (7,716) | 1,813 | (4,711) | 5,257 |
Dividends paid on preferred stock | 247 | |||
Net (loss) income available to common shareholders | $ (7,716) | $ 1,813 | $ (4,711) | $ 5,010 |
Net income per share - basic | $ (0.35) | $ 0.08 | $ (0.21) | $ 0.23 |
Net income per share - diluted | $ (0.35) | $ 0.08 | $ (0.21) | $ 0.23 |
Weighted average number of shares outstanding | ||||
basic | 21,835 | 21,764 | 21,819 | 21,745 |
diluted | 21,835 | 21,987 | 21,819 | 21,964 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Statement of Comprehensive Income [Abstract] | ||||
Net (loss) income | $ (7,716) | $ 1,813 | $ (4,711) | $ 5,257 |
Other comprehensive income (loss): | ||||
Change in unrealized gain in investment securities | 2,571 | 879 | 371 | 6,574 |
Tax related to unrealized gain in investment securities | (873) | (299) | (126) | (2,235) |
Reclassification adjustment for gain in securities sold | (74) | (115) | (363) | (494) |
Tax related to realized gain in securities sold | 25 | 39 | 123 | 168 |
Cash flow hedge: | ||||
Change in unrealized gain in cash flow hedge | (470) | (634) | ||
Tax related to cash flow hedge | 158 | 215 | ||
Total other comprehensive income (loss) | 1,337 | 504 | (414) | 4,013 |
Total comprehensive (loss) income | $ (6,379) | $ 2,317 | $ (5,125) | $ 9,270 |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands | Preferred Stock [Member] | Warrants [Member] | Common Stock [Member] | Additional Paid in Capital [Member] | Retained Deficit [Member] | Accumulated Other Comprehensive Income [Member] | Total |
Beginning Balance at Dec. 31, 2013 | $ 10,680 | $ 1,037 | $ 217 | $ 144,656 | $ (45,822) | $ (4,109) | $ 106,659 |
Beginning Balance, shares at Dec. 31, 2013 | 21,709 | ||||||
Issuance of common stock | $ 1 | 188 | 189 | ||||
Issuance of common stock, shares | 74 | ||||||
Dividends paid on preferred stock | (247) | (247) | |||||
Issuance of stock options | 137 | 137 | |||||
Redemption of preferred stock | $ (10,680) | (10,680) | |||||
Redemption of warrants on preferred stock | $ (1,037) | 257 | (780) | ||||
Net (loss) income | 5,257 | 5,257 | |||||
Other comprehensive income (loss) | 4,013 | 4,013 | |||||
Ending Balance at Sep. 30, 2014 | $ 218 | 145,238 | (40,812) | (96) | 104,548 | ||
Ending Balance, shares at Sep. 30, 2014 | 21,783 | ||||||
Beginning Balance at Dec. 31, 2014 | $ 218 | 145,321 | (38,553) | 664 | 107,650 | ||
Beginning Balance, shares at Dec. 31, 2014 | 21,792 | ||||||
Issuance of common stock | $ 0 | 197 | 197 | ||||
Issuance of common stock, shares | 56 | ||||||
Issuance of stock options | 233 | 233 | |||||
Net (loss) income | (4,711) | (4,711) | |||||
Other comprehensive income (loss) | (414) | (414) | |||||
Ending Balance at Sep. 30, 2015 | $ 218 | $ 145,751 | $ (43,264) | $ 250 | $ 102,955 | ||
Ending Balance, shares at Sep. 30, 2015 | 21,848 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Operating activities: | ||
Net (loss) income | $ (4,711) | $ 5,257 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and intangibles amortization | 2,651 | 2,558 |
Non-cash contribution of property | 68 | |
Issuance of common stock and stock options | 430 | 326 |
Amortization of purchased loan premium | 222 | 960 |
Amortization of security premiums and accretion of discounts, net | 1,942 | 2,612 |
Net gain on sale of securities | (363) | (494) |
Net loss on sale and valuation of other real estate owned | 1,010 | 700 |
Net gain on sale of loans | (69) | (153) |
Originations of mortgages held for sale | (44,876) | (1,520) |
Proceeds from sales of mortgages held for sale | 44,403 | 1,381 |
Loss on termination of FDIC shared-loss agreement | 13,084 | |
Changes in assets and liabilities: | ||
(Increase) decrease in other assets | (1,870) | 2,679 |
Increase in accrued expenses and other liabilities | 413 | 580 |
Net cash provided by operating activities | 12,266 | 14,954 |
Investing activities: | ||
Proceeds from available for sale securities | 116,364 | 87,169 |
Proceeds from held to maturity securities | 1,632 | 5,704 |
Proceeds from sale of equity securities | 1,658 | 587 |
Purchase of available for sale securities | (110,605) | (83,479) |
Purchase of held to maturity securities | (3,893) | (15,777) |
Purchase of equity securities | (1,452) | (378) |
Proceeds from sale of other real estate owned | 2,572 | 3,132 |
Improvements of other real estate, net of insurance proceeds | (488) | (418) |
Net increase in loans | (31,659) | (54,868) |
Principal recoveries of loans previously charged off | 1,494 | 520 |
Purchase of premises and equipment, net | (1,602) | (2,751) |
Proceeds from termination of FDIC shared-loss agreement | 3,100 | |
Proceeds from sale of loans | 3,380 | 11,175 |
Net cash used in investing activities | (19,499) | (49,384) |
Financing activities: | ||
Net increase in noninterest bearing and interest bearing demand deposits | 14,620 | 29,371 |
Net decrease in federal funds purchased and securities sold under agreements to repurchase | (13,542) | (2,713) |
Net (decrease) increase in Federal Home Loan Bank borrowings | (557) | 4,459 |
Cash dividends paid | (247) | |
Proceeds from long-term debt | 10,680 | |
Redemption of preferred stock and related warrants | (11,460) | |
Payments on long-term debt | (3,204) | (1,000) |
Net cash (used in) provided by financing activities | (2,683) | 29,090 |
Net decrease in cash and cash equivalents | (9,916) | (5,340) |
Cash and cash equivalents: | ||
Beginning of the period | 22,353 | 23,835 |
End of the period | 12,437 | 18,495 |
Supplemental disclosures of cash flow information: | ||
Interest paid | 5,639 | 4,924 |
Income taxes paid | 1,920 | 2,249 |
Transfers of loans to other real estate owned property | 791 | 2,555 |
Transfer of building premises and equipment to held for sale | $ 2,118 | $ 3,237 |
Nature of Banking Activities an
Nature of Banking Activities and Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2015 | |
Nature of Banking Activities and Significant Accounting Policies [Abstract] | |
Nature of Banking Activities and Significant Accounting Policies | Note 1. Nature of Banking Activities and Significant Accounting Policies Organization Community Bankers Trust Corporation (the “Company”) is headquartered in Richmond, Virginia and is the holding company for Essex Bank (the “Bank” ), a Virginia state bank with 22 full- service offices in Virginia and Maryland. The Bank also operates two loan production offices in Virginia. The Bank engages in a general commercial banking business and provides a wide range of financial services primarily to individuals and small businesses, including individual and commercial demand and time deposit accounts, commercial and industrial loans, consumer and small business loans, real estate and mortgage loans, investment services, on-line and mobile banking products, and safe deposit box facilities. Financial Statements The consolidated statements presented include accounts of the Company and the Bank, its wholly-owned subsidiary. All material intercompany balances and transactions have been eliminated. The statements should be read in conjunction with the Company’s consolidated financial statements and the accompanying notes to consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 . The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles (GAAP) and to the general practices within the banking industry. The interim financial statements have not been audited; however, in the opinion of management, all adjustments, consisting of normal accruals, were made that are necessary to present fairly the balance shee t of the Company as of September 30, 2015 , the statements of changes in shareholders’ e quity and cash flows for the nine months ended September 30, 2015, and the statements of (loss) income and comprehensive (loss) i ncome for the three and nine months ended September 30, 2015. Results for the nine month period ended September 30, 2015 are not necessarily indicative of the results that may be expected for t he year ending December 31, 2015 . The financial information contained within the statements is, to a significant extent, financial information that is based on measures of the financial effects of transactions and events that have already occurred. A variety of factors could affect the ultimate value that is obtained when either earning income, recognizing an expense, recovering an asset or relieving a liability. The Company uses historical loss factors as one factor in determining the inherent loss that may be present in its loan portfolio. Actual losses could differ significantly from the historical factors that the Company uses. In addition, GAAP itself may change from one previously acceptable method to another method. Although the economics of the Company’s transactions would be the same, the timing of events that would impact its transactions could change. In preparing these financial statements, the Company has evaluated subsequent events and transactions for potential recognition or disclosure through the date the financial statements were issued. Recent Accounting Pronouncements In April 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-05, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement. Existing GAAP does not include explicit guidance about a customer’s accounting for fees paid in a cloud computing arrangement. Examples of cloud computing arrangements include: (a) software as a service; (b) platform as a service; (c) infrastructure as a service; and (d) other similar hosting arrangements. The ASU provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. As a result of the ASU, all software licenses within the scope of Subtopic 350-40 will be accounted for consistent with other licenses of intangible assets. For public business entities, the ASU will be effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-12, Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), and Health and Welfare Benefit Plans (Topic 965) - I. Fully Benefit-Responsive Investment Contracts; II. Plan Investment Disclosures, and III. Measurement Date Practical Expedient. This Update reduces complexity in employee benefit plan accounting, which is consistent with the FASB's Simplification initiative. Parts I and III are not applicable to the Company. Regarding Part II, as new disclosure requirements have been issued or amended, employee benefit plan financial statements have been affected. Specifically, the interaction between Topic 820, Fair Value Measurement, and Topics 960, 962, and 965 on employee benefit plan accounting sometimes requires aggregation, or organization of similar investment information, in multiple ways. The objective of Part II of this Update is to simplify and make more effective the investment disclosure requirements under Topic 820 and under Topics 960, 962, and 965 for employee benefit plans. The amendments are effective for fiscal years beginning after December 15, 2015, and should be applied prospectively. Early application is permitted. The Company does not expect the adoption of the guidance to have a material impact on its consolidation financial statements. Certain reclassifications have been made to prior period balances to conform to the current year presentations. See Notes 3, 4, 5 and 6 for details regarding the termination of the Company’s shared-loss agreement with the Federal Deposit Insurance Corporation (FDIC). |
Securities
Securities | 9 Months Ended |
Sep. 30, 2015 | |
Securities [Abstract] | |
Securities | Note 2. Securities Amortized costs and fair values of securities available for sale and held to maturity at September 30, 2015 and December 31, 2014 were as follows ( dollars in thousands): September 30, 2015 Gross Unrealized Amortized Cost Gains Losses Fair Value Securities Available for Sale U.S. Treasury issue and other U.S. Gov’t agencies $ $ $ $ U.S. Gov’t sponsored agencies — State, county and municipal Corporate and other bonds Mortgage backed – U.S. Gov’t agencies Mortgage backed – U.S. Gov’t sponsored agencies Total Securities Available for Sale $ $ $ $ Securities Held to Maturity State, county and municipal $ $ $ $ $ $ $ Mortgage backed – U.S. Gov’t agencies — Mortgage backed – U.S. Gov’t sponsored agencies — — — — Total Securities Held to Maturity $ $ $ $ December 31, 2014 Gross Unrealized Amortized Cost Gains Losses Fair Value Securities Available for Sale U.S. Treasury issue and other U.S. Gov’t agencies $ $ $ $ U.S. Gov’t sponsored agencies — — — — State, county and municipal Corporate and other bonds Mortgage backed – U.S. Gov’t agencies Mortgage backed – U.S. Gov’t sponsored agencies Total Securities Available for Sale $ $ $ $ Securities Held to Maturity State, county and municipal $ $ $ $ $ — $ $ Mortgage backed – U.S. Gov’t agencies — Mortgage backed – U.S. Gov’t sponsored agencies — Total Securities Held to Maturity $ $ $ — $ The amortized cost and fair value of securities at September 30, 2015 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without any penalties. Held to Maturity Available for Sale Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ $ $ $ Due after one year through five years Due after five years through ten years Due after ten years Total securities $ $ $ $ Proceeds from sales of securities available for sale were $19.3 million and $17.0 million during the three months ended September 30, 2015 and 2014, respectively, and $75.5 million and $61.6 million during the nine months ended September 30, 2015 and 2014, respectively. Gains and losses on the sale of securities are determined using the specific identification method. Gross realized gains and losses on sales of securities available for sale during the three and nine months ended September 30, 2015 and 2014 were as follows (dollars in thousands) : Three Months Ended Nine Months Ended September 30, 2015 September 30, 2014 September 30, 2015 September 30, 2014 Gross realized gains $ $ $ $ Gross realized losses Net securities gains $ $ $ $ In estimating other than temporary impairment (OTTI) losses, management considers the length of time and the extent to which the fair value has been less than cost, the financial condition and short-term prospects for the issuer, and the intent and ability of management to hold its investment for a period of time to allow a recovery in fair value. There were no investments held that had O TTI losses for the nine months ended September 30, 2015 and 2014 . The fair value and gross unrealized losses for securities, segregated by the length of time that individual securities have been in a continuous gross unrealized loss position, at September 30, 2015 and December 31, 2014 were as follows (dollars in thousands): September 30, 2015 Less than 12 Months 12 Months or More Total Secutities Available for Sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Treasury issue and other U.S. Gov’t agencies $ $ $ $ $ $ U.S. Treasury issue and other U.S. Gov’t sponsored agencies - - State, county and municipal Corporate and other bonds Mortgage backed – U.S. Gov’t agencies Mortgage backed – U.S. Gov’t sponsored agencies - - Total $ $ $ $ $ $ Secutities Held to Maturity State, county and municipal $ $ $ - $ - $ $ December 31, 2014 Less than 12 Months 12 Months or More Total Securities Available for Sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Treasury issue and other U.S. Gov’t agencies $ $ $ $ $ $ State, county and municipal Corporate and other bonds Mortgage backed – U.S. Gov’t agencies — — Mortgage backed – U.S. Gov’t sponsored agencies Total $ $ $ $ $ $ The unrealized losses (impairments) in the investment portfolio at September 30, 2015 and December 31, 2014 are generally a result of market fluctuations that occur daily. The unrealized losses are from 135 securities at September 30, 2015 . Of those, 115 are investment grade, have U.S. government agency guarantees, or are backed by the full faith and credit of local municipalities throughout the United States. Twenty investment grade corporate obligations comprise the remaining securities with unrealized losses at September 30, 2015 . The Company considers the reason for impairment, length of impairment and ability to hold until the full value is recovered in determining if the impairment is temporary in nature. Based on this analysis, the Company has determined these impairments to be temporary in nature. The Company does not intend to sell and it is more likely than not that the Company will not be required to sell these securities until they recover in value or reach maturity . Market prices are affected by conditions beyond the control of the Company. Investment decisions are made by the management group of the Company and reflect the overall liquidity and strategic asset/liability objectives of the Company. Management analy z es the securities portfolio frequently and manages the portfolio to provide an overall positive impact to the Company’s income statement and balance sheet. Securities with amortized costs of $58. 0 million and $111.3 million at September 30, 2015 and December 31, 2014, respectively, were pledged to secure public deposits and for other purposes require d or pe rmitted by law. At each of September 30, 2015 and December 31, 2014 , there were no securities purchased from a single issuer, other than U.S. Treasury issue and other U.S. Government agencies that comprised more than 10% of the consolidated shareholders’ equity. |
Loans and Related Allowance for
Loans and Related Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2015 | |
Loans and Related Allowance for Loan Losses [Abstract] | |
Loans and Related Allowance for Loan Losses | Note 3. Loans and Related Allowance for Loan Losses During the third quarter of 2015, the Company terminated the shared-loss agreement with the Federal Deposit Insurance Corporation (FDIC) relating to the single family, residential 1-4 family mortgage assets. As a result of this termination , the Company reclassified the purchased credit impaired ( PCI ) loans related to the shared-loss agreement that expired March 2014 which had been reported as non-covered loans, as PCI loans for all periods presented. Consequently, loans previously referred to as non-covered loans are referred to as loans. See Notes 4 and 5 for more information. The Company’s loans, net of deferred fees and costs, at September 30, 2015 and December 31, 2014 were comprised of the following (dollars in thousands): September 30, 2015 December 31, 2014 Amount % of Loans Amount % of Loans Mortgage loans on real estate: Residential 1-4 family $ % $ % Commercial Construction and land development Second mortgages Multifamily Agriculture Total real estate loans Commercial loans Consumer installment loans All other loans Total loans $ % $ % Loans previously reported $ $ Loans previously reported as PCI — Total loans $ $ The Company held $14. 5 million and $18. 3 million in balances of loans guaranteed by the United States Department of Agriculture (USDA), which are included in various categories in the table above, at September 30, 2015 and December 3 1, 2014 , respectively. As these loans are 100% guaranteed by the USDA, no loan loss provision is required. These loan balances included an unamortized purchase premium of $ 671,000 and $ 922,000 at September 30, 2015 and December 3 1 , 2014 , respectively. Unamortized purchase premium is recognized as an adjustment of the related loan yield on a straight line basis, which is substantially equivalent to the results obtained using the effective interest method. At September 30, 2015 and December 3 1, 2014 , the Company’s allowance for credit losses was comprised of the following: (i) specific valuation allowances calculated in accordance with FASB ASC 310, Receivables, (ii) general valuation allowances calculated in accordance with FASB Accounting Standards Codification ( ASC ) 450, Contingencies , based on economic conditions and other qualitative risk factors, and (iii) historical valuation allowances calculated using historical loan loss experience. Management identified loans subject to impairment in accordance with ASC 310. The following table summarizes information related to impaired loans as of September 30, 2015 (dollars in thousands): With an allowance recorded: Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance Mortgage loans on real estate: Residential 1-4 family $ $ $ Commercial Construction and land development Second mortgages Total real estate loans Commercial loans — Consumer installment loans Subtotal impaired loans with a valuation allowance With no related allowance recorded: Mortgage loans on real estate: Residential 1-4 family — Commercial — Total real estate loans — Subtotal impaired loans without a valuation allowance — Total: Mortgage loans on real estate: Residential 1-4 family Commercial Construction and land development Second mortgages Total real estate loans Commercial loans — Consumer installment loans Total impaired loans $ $ $ (1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment (2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs The following table summarizes information related to impaired loans as of December 31, 2014 (dollars in thousands): With an allowance recorded: Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance Mortgage loans on real estate: Residential 1-4 family $ $ $ Commercial Construction and land development Second mortgages Total real estate loans Commercial loans Consumer installment loans Subtotal impaired loans with a valuation allowance With no related allowance recorded: Mortgage loans on real estate: Residential 1-4 family — Commercial — Construction and land development — Total real estate loans — Consumer installment loans — Subtotal impaired loans without a valuation allowance — Total: Mortgage loans on real estate: Residential 1-4 family Commercial Construction and land development Second mortgages Total real estate loans Commercial loans Consumer installment loans Total impaired loans $ $ $ (1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment (2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs The following table summarizes the average recorded investment of impaired loans for the three and nine months ended September 30, 2015 and 2014 (dollars in thousands): Three months ended Nine months ended September 30, 2015 September 30, 2014 September 30, 2015 September 30, 2014 Mortgage loans on real estate: Residential 1-4 family $ $ $ $ Commercial Construction and land development Second mortgages Agriculture — — — Total real estate loans Commercial loans Consumer installment loans Total impaired loans $ $ $ $ During each of the three and nine months ended September 3 0 , 2015, all of the impaired loans were also nonaccruing for which no interest income was accrued . During each of the three and nine months ended September 3 0 , 2014, the majority of impaired loans were nonaccruing and no significant amounts of interest income were recognized on accruing impaired loans. Interest income on nonaccrual loans, if recognized, is recorded using the cash basis method of accounting. Cash basis income of $25,000 and $301,000 was recognized during the three months ended September 30, 2015 and 2014, respectively. Cash basis income of $487,000 and $598,000 was recognized during the nine months ended September 30, 2015 and 2014, respectively. For the three months ended September 30, 2015, and 2014, estimated interest income of $224,000 and $204,000 , respectively, would have been recorded if all such loans had been accruing interest according to their original contractual terms. For the nine months ended September 30, 2015, and 2014, estimated interest income of $548,000 and $583,000 , respectively, would have been recorded if all such loans had been accruing interest according to their original contractual terms. The following table presents nonaccrual loans by loan category as of September 30, 2015 and December 31, 2014 (dollars in thousands): September 30, 2015 December 31, 2014 Mortgage loans on real estate: Residential 1-4 family $ $ Commercial Construction and land development Second mortgages Multifamily — — Agriculture — — Total real estate loans Commercial loans Consumer installment loans All other loans — — Total loans $ $ Troubled debt r estructures and some special mention loans still accruing interest are loans that management expects to ultimately collect all principal and interest due, but not under the terms of the original contract. All impaired loans at September 3 0 , 2015 were also nonaccrual loans. Impaired loans of $16.9 million at December 31, 2014 consisted of $16.6 million in nonaccrual loans, in addition to $118,000 in troubled debt restructures and $163,000 in special mention loans both of which were still accruing. The following tables present an age analysis of past due status of loans by category as of September 30, 2015 and December 31, 2014 (dollars in thousands): September 30, 2015 30-89 Days Past Due 90 Days Past Due Total Past Due Current Total Loans Receivable Recorded Investment 90 Days Past Due and Accruing Mortgage loans on real estate: Residential 1-4 family $ $ $ $ $ $ — Commercial — — Construction and land development — — Second mortgages — Multifamily — — — — Agriculture — — — — Total real estate loans — Commercial loans — Consumer installment loans — All other loans — — Total loans $ $ $ $ $ $ — December 31, 2014 30-89 Days Past Due 90 Days Past Due Total Past Due Current Total Loans Recorded Investment 90 Days Past Due and Accruing Mortgage loans on real estate: Residential 1-4 family $ $ $ $ $ $ — Commercial — Construction and land development — Second mortgages — Multifamily — — — — Agriculture — — — — Total real estate loans — Commercial loans — Consumer installment loans — All other loans — — — — Total loans $ $ $ $ $ $ — Activity in the allowance for loan losses on loans by segment for the three and nine months ended September 30, 2015 and 2014 is presented in the following tables (dollars in thousands): Three Months Ended September 30, 2015 Beginning of Period Provision Allocation Charge-offs Recoveries End of Period Mortgage loans on real estate: Residential 1-4 family $ $ $ $ $ Commercial — Construction and land development Second mortgages — Multifamily — — Agriculture — — Total real estate loans Commercial loans — Consumer installment loans All other loans — — Total loans $ $ — $ $ $ Three Months Ended September 30, 2014 Beginning of Period Provision Allocation Charge-offs Recoveries End of Period Mortgage loans on real estate: Residential 1-4 family $ $ $ $ $ Commercial Construction and land development — — Second mortgages — — Multifamily — — Agriculture — — — Total real estate loans Commercial loans — Consumer installment loans All other loans — — Total loans $ $ — $ $ $ Nine Months Ended September 30, 2015 Beginning of Period Provision Allocation Charge-offs Recoveries End of Period Mortgage loans on real estate: Residential 1-4 family $ $ $ $ $ Commercial — Construction and land development Second mortgages — Multifamily — — Agriculture — — Total real estate loans Commercial loans Consumer installment loans All other loans — — Total loans $ $ — $ $ $ Nine Months Ended September 30, 2014 Beginning of Period Provision Allocation Charge-offs Recoveries End of Period Mortgage loans on real estate: Residential 1-4 family $ $ $ $ $ Commercial Construction and land development — Second mortgages — Multifamily — — Agriculture — — Total real estate loans Commercial loans — Consumer installment loans All other loans — — Total loans $ $ — $ $ $ The following tables present information on the loans evaluated for impairment in the allowance for loan losses as of September 30, 2015 and December 31, 2014 (dollars in thousands): September 30, 2015 Allowance for Loan Losses Recorded Investment in Loans Individually Evaluated for Impairment (1) Collectively Evaluated for Impairment Total Individually Evaluated for Impairment (1) Collectively Evaluated for Impairment Total Mortgage loans on real estate: Residential 1-4 family $ $ $ $ $ $ Commercial Construction and land development Second mortgages Multifamily — — Agriculture — — Total real estate loans Commercial loans Consumer installment loans All other loans — — Total loans $ $ $ $ $ $ December 31, 2014 Allowance for Loan Losses Recorded Investment in Loans Individually Evaluated for Impairment (1) Collectively Evaluated for Impairment Total Individually Evaluated for Impairment (1) Collectively Evaluated for Impairment Total Mortgage loans on real estate: Residential 1-4 family $ $ $ $ $ $ Commercial Construction and land development Second mortgages Multifamily — — Agriculture — — Total real estate loans Commercial loans Consumer installment loans All other loans — — Total loans $ $ $ $ $ $ (1) The category “Individually Evaluated for Impairment” includes loans individually evaluated for impairment and determined not to be impaired. These loans totalled $7. 6 million and $8. 6 million at September 30, 2015 and December 31, 2014, respectively. The allowance for loans losses allocated to these loans was $140,000 and $146,000 at September 30, 2015 and December 31, 2014, respectively . L oans are monitored for credit quality on a recurring basis. These credit quality indicators are defined as follows: Pass - A pass loan is not adversely classified, as it does not display any of the characteristics for adverse classification. This category includes purchased loans that are 100% guaranteed by U.S. Government agencies of $14.5 million and $18.3 million at September 30, 2015 and December 31, 2014 , respectively. Special Mention - A special mention loan has potential weaknesses that deserve management’s close attention. If left uncorrected, such potential weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention loans are not adversely classified and do not warrant adverse classification. Substandard - A substandard loan is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as substandard generally have a well defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These loans are characterized by the distinct possibility of loss if the deficiencies are not corrected. Doubtful - A doubtful loan has all the weaknesses inherent in a loan classified as substandard with the added characteristics that the weaknesses make collection or liquidation in full , highly questionable and improbable, on the basis of currently existing facts, conditions, and values. The possibility of loss is extremely high. The following tables present the composition of loans by credit quality indicator at September 30, 2015 and December 31, 2014 (dollars in thousands): September 30, 2015 Pass Special Mention Substandard Doubtful Total Mortgage loans on real estate: Residential 1-4 family $ $ $ $ — $ Commercial — Construction and land development — Second mortgages — Multifamily — — — Agriculture — — Total real estate loans — Commercial loans — Consumer installment loans — All other loans — — — Total loans $ $ $ $ — $ December 31, 2014 Pass Special Mention Substandard Doubtful Total Mortgage loans on real estate: Residential 1-4 family $ $ $ $ — $ Commercial — Construction and land development — Second mortgages — Multifamily — — — Agriculture — — — Total real estate loans — Commercial loans — Consumer installment loans — All other loans — — — Total loans $ $ $ $ — $ In accordance with FASB ASU 2011-02, Receivables (Topic 310): A Creditor's Determination of Whether a Restructuring is a Troubled Debt Restructuring, the Company assesses all loan modifications to determine whether they are considered troubled debt restructurings (TDRs) under the guidance. The Company had 18 and 16 loans that met the definition of a TDR at September 30, 2015 and 2014, respectively. The Company had no loan modifications considered to be TDRs during the three months ended September 30, 2015. During the nine months ended September 30, 2015 , the Company modified one residential 1-4 family loan that was considered to be a TDR. The Company extended the terms and lowered the interest rate for this loan, which had a pre - and post-modification balance of $68,000 . During the three and nine months ended September 30, 2014, the Company modified one commercial loan that was considered to be a TDR. The Company extended the terms and lowered the interest rate for this loan, which had a pre - and post-modification balance of $69,000 . A loan is considered to be in default if it is 90 days or more past due. There were no TDRs that had been restructured during the previous 12 months that resulted in default during either of the three and nine months ended September 30, 2015 and 2014. At September 30, 2015, the Company had 1-4 family mortgages in the amount of $141.7 million pledged as collateral to the Federal Home Loan Bank for a total borrowing capacity of $123.1 million . |
PCI Loans and Related Allowance
PCI Loans and Related Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2015 | |
PCI Loans and Related Allowance for Loan Losses [Abstract] | |
PCI Loans and Related Allowance for Loan Losses | Note 4. PCI Loans and Related Allowance for Loan Losses On January 30, 2009, the Company entered into a Purchase and Assumption Agreement with the FDIC to assume all of the deposits and certain other liabilities and acquire substantially all assets of Suburban Federal Savings Bank ( SFSB ) . The Company is applying the provisions of FASB ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality , to all loans acquired in the SFSB transaction. Of the total $198.3 million in loans acquired, $49.1 million met the criteria of FASB ASC 310-30. These loans, consisting mainly of construction loans, were deemed impaired at the acquisition date. The remaining $149.1 million of loans acquired, comprised mainly of residential 1-4 family, were analogized to meet the criteria of FASB ASC 310-30. Analysis of this portfolio revealed that SFSB utilized weak underwriting and documentation standards, which led the Company to believe that significant losses were probable given the economic environment at the time. The Purchase and Assumption Agreement included two shared-loss agreements with respect to certain covered loans and foreclosed real estate assets. The shared-loss agreement related to loans other than those secured by single family, residential 1-4 family mortgages expired March 31, 2014. These loans, which had an outstanding principal balance of $10.0 million and a carrying value of $5.5 million at March 31, 2014, are being accounted for in accordance with FASB ASC 310-30, Loans and Debt Securities Acquire with Deteriorated Credit Quality , are commonly referred to as purchased credit impaired loans, and were classified as non-covered loans effective April 1, 2014 (the “ PCI loans ” ). During the third quarter of 2015, the Company terminated the shared-loss agreement relating to the single family, residential 1-4 family mortgage assets. As a result of this termination, the Company reclassified the related loans (the “loans previously reported as covered by the FDIC”), as well as the PCI loans related to the shared-loss agreement that expired March 2014 which had been reported as non-covered loans, as PCI loans for all periods presented. These loans continue to be accounted for under the provisions of FASB ASC 310-30. Additionally, the Company has reclassified all interest income related to these loans as interest income on PCI loans for all periods presented. As of September 30, 2015 and December 31, 2014 , the outstanding co ntractual balance of the PCI loans was $94.0 million and $104.0 million, respectively. The carrying amount, by loan type, as of these dates is as follows (dollars in thousands): September 30, 2015 December 31, 2014 Amount % of PCI Loans Amount % of PCI Loans Mortgage loans on real estate: Residential 1-4 family $ % $ % Commercial Construction and land development Second mortgages Multifamily Total real estate loans Total PCI loans $ % $ % PCI loans previously reported $ $ PCI loans previously reported as covered by the FDIC — Total PCI loans $ $ The following table is a summary of interest income on PCI loans for the three and nine months ended September 30, 2015 and 2014 (dollars in thousands): Three months ended September 30 Nine months ended September 30 2015 2014 2015 2014 Interest income on PCI loans $ $ $ $ Interest income on PCI loans previously reported as covered by the FDIC — — Total interest income on PCI loans $ $ $ $ The allowance for loan losses related to the PCI loans of $98,000 was transferred to the non-covered allowance for loan losses effective April 1, 2014, and was related to commercial real estate loans. The remaining allowance for loan losses on loans previously reported as covered by the FDIC of $386,000 at December 31, 2014 related to residential 1-4 family loans. All balances have been reclassified to the allowance for loan losses on PCI loans for all periods presented. There was no other activity in the allowance for loan losses on PCI loans for the three and nine months ended September 30, 2015 and 2014. T he following table presents information on the PCI loans collectively evaluated for impairment in the allowance for loan losses at Septermber 30, 2015 and December 31, 2014 (dollars in thousands): September 30, 2015 December 31, 2014 Allowance for loan losses Recorded investment in loans Allowance for loan losses Recorded investment in loans Mortgage loans on real estate: Residential 1-4 family $ $ $ $ Commercial Construction and land development — — Second mortgages — — Multifamily — — Total real estate loans Total PCI loans $ $ $ $ PCI loans previously reported $ $ $ $ PCI loans previously reported as covered by the FDIC — — Total PCI loans $ $ $ $ The change in the accretable yield balance for the nine months ended September 30, 2015 and for the year ended December 31, 2014, is as follows (dollars in thousands): Balance, January 1, 2014 $ PCI loans Accretion Reclassification from nonaccretable yield PCI loans previously reported as covered by the FDIC Accretion Reclassification from nonaccretable yield Balance, December 31, 2014 $ PCI loans $ PCI loans previously reported as covered by the FDIC Balance, December 31, 2014 $ Accretion Reclassification from nonaccretable yield Balance, September 30, 201 5 $ The PCI loans were not classified as nonperforming assets as of September 30, 2015, as the loans are accounted for on a pooled basis, and interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all PCI loans. |
FDIC Agreements and FDIC Indemn
FDIC Agreements and FDIC Indemnification Asset | 9 Months Ended |
Sep. 30, 2015 | |
FDIC Agreements and FDIC Indemnification Asset [Abstract] | |
FDIC Agreements and FDIC Indemnification Asset | Note 5. FDIC Agreements and FDIC Indemnification Asset On January 30, 2009, the Company entered into a Purchase and Assumption Agreement with the FDIC to assume all of the deposits and certain other liabilities and acquire substantially all assets of SFSB. Under the shared- loss agreements that are part of that agreement, the FDIC reimbursed the Bank for 80% of losses arising from the acquired loans and foreclosed real estate assets, on the first $118 million in losses on such loans and foreclosed real estate assets, and for 95% of losses on acquired loans and foreclosed real estate assets thereafter. Under the shared-loss agreements, a “loss” on an acquired loan or foreclosed real estate was defined generally as a realized loss incurred through a permitted disposition, foreclosure, short-sale or restructuring of the acquired loan or foreclosed real estate. The reimbursements for losses on single family, residential 1-4 family mortgage assets were to be made quarterly through March 2019 for losses incurred through January 2019, and the reimbursements for losses on other assets were made quarterly through March 2014. The shared-loss agreements provided for indemnification from the first dollar of losses without any threshold requirement. The reimbursable losses from the FDIC were based on the book value of the relevant loan as determined by the FDIC at the date of the transaction, January 30, 2009. New loans made after that date were not covered by the shared-loss agreements. The fair value of the shared-loss agreements is detailed below. The Company accounted for the shared-loss agreements with the FDIC as an indemnification asset pursuant to the guidance in FASB ASC 805, Business Combinations . The FDIC indemnification asset was required to be measured in the same manner as the asset or liability to which it related. The FDIC indemnification asset was measured separately from the acquired loans and other real estate owned assets (OREO) because it was not contractually embedded in the acquired loan and OREO and was not transferable should the Company choose to dispose of them. Fair value was estimated using projected cash flows available for loss sharing based on the credit adjustments estimated for each loan pool and other real estate owned and the loss sharing percentages outlined in the shared-loss agreements. These cash flows were discounted to reflect the uncertainty of the timing and receipt of the loss sharing reimbursement from the FDIC. During the third quarter of 2015, the Company terminated the shared-loss agreement relating to the single family, residential 1-4 family mortgage assets. As part of this termination, the FDIC paid the Company $3.1 million as consideration for the early termination of the shared-loss agreement. All rights and obligations of the parties under the shared-loss agreements, including the provision to reimburse recoveries received related to the agreement that terminated in March 2014, have been eliminated under the termination agreement. The proceeds from the FDIC were first applied to the outstanding FDIC receivable of $775,000 . The remaining FDIC indemnification asset balance of $13.1 million was charged-off as additional FDIC indemnification asset amortization expense. The following table presents the balances of the FDIC indemnification asset at September 30, 2015 and December 31, 2014 (dollars in thousands): Anticipated Expected Losses Estimated Loss Sharing Value Amortizable Premium (Discount) at Present Value FDIC Indemnification Asset Total January 1, 2014 $ $ $ $ Increases: Writedown of OREO property to FMV Decreases: Net amortization of premium Reclassifications to FDIC receivable: Net loan charge-offs and recoveries OREO sales Reimbursements requested from FDIC Reforecasted Change in Anticipated Expected Losses — December 31, 2014 $ 5,551 $ 4,441 $ 14,168 $ 18,609 Increases: Writedown of OREO property to FMV — — — Decreases: Net amortization of premium Charge-off due to termination of shared-loss agreement Reclassifications to FDIC receivable: Net loan charge-offs and recoveries OREO sales Reimbursements requested from FDIC Reforecasted Change in Anticipated Expected Losses — September 30, 2015 $ — $ — $ — $ — |
Other Real Estate Owned
Other Real Estate Owned | 9 Months Ended |
Sep. 30, 2015 | |
Other Real Estate Owned [Abstract] | |
Other Real Estate Owned | Note 6 . Other real estate owned During the third quarter of 2015, the Company terminated the shared-loss agreement with the FDIC relating to the single family, residential 1-4 family mortgage assets. As a result of this termination , the Company reclassified its other real estate owned previously reported as covered by the FDIC to other real estate owned, which was previously reported as other real estate owned, non-covered, for all periods presented. The following table presents the balances of other real estate owned at September 30, 2015 and December 31, 2014 (dollars in thousands): September 30, 2015 December 31, 2014 Residential 1-4 family $ $ Commercial Construction and land development Total other real estate owned $ $ Other real estate owned Other real estate owned previously reported as covered by the FDIC — Total other real estate owned $ $ At September 30, 2015, the Company had $1.3 million in residential 1-4 family loans and PCI loans that were in the process of foreclosure. |
Deposits
Deposits | 9 Months Ended |
Sep. 30, 2015 | |
Deposits [Abstract] | |
Deposits | Note 7. Deposits The following table provides interest bearing deposit information, by type, as of September 30, 2015 and December 31, 2014 (dollars in thousands): September 30, 2015 December 31, 2014 NOW $ $ MMDA Savings Time deposits less than $250,000 Time deposits $250,000 and over Total interest bearing deposits $ $ |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income (Loss) | 9 Months Ended |
Sep. 30, 2015 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Accumulated Other Comprehensive Income (Loss) | Note 8 . Accumulated Other Comprehensive Income (Loss) The following tables present activity net of tax in accumulated other comprehensive income (loss) (AOCI) for the three and nine months ended September 30, 2015 and 2014 (dollars in thousands): Three months ended September 30, 2015 Unrealized Gain (Loss) on Securities Defined Benefit Pension Plan Gain/Loss on Cash Flow Hedge Total Other Comprehensive Income (Loss) Beginning balance $ $ $ $ Other comprehensive income (loss) before reclassifications - Amounts reclassified from AOCI - - Net current period other comprehensive income (loss) - Ending balance $ $ $ $ Three months ended September 30, 2014 Unrealized Gain (Loss) on Securities Defined Benefit Pension Plan Total Other Comprehensive Income (Loss) Beginning balance $ $ $ Other comprehensive income before reclassifications - Amounts reclassified from AOCI - Net current period other comprehensive income - Ending balance $ $ $ Nine months ended September 30, 2015 Unrealized Gain (Loss) on Securities Defined Benefit Pension Plan Gain/Loss on Cash Flow Hedge Total Other Comprehensive Income (Loss) Beginning balance $ $ $ $ Other comprehensive income (loss) before reclassifications - Amounts reclassified from AOCI - - Net current period other comprehensive income (loss) - Ending balance $ $ $ $ Nine months ended September 30, 2014 Unrealized Gain (Loss) on Securities Defined Benefit Pension Plan Total Other Comprehensive Income (Loss) Beginning balance $ $ $ Other comprehensive income before reclassifications - Amounts reclassified from AOCI - Net current period other comprehensive income - Ending balance $ $ $ The following tables present the effects of reclassifications out of AOCI on line items of consolida ted income for the three and nine months ended September 30, 2015 and 2014 (dollars in thousands): Details about AOCI Components Amount Reclassified from AOCI Affected Line Item in the Unaudited Consolidated Statement of Income Three months ended September 30, 2015 September 30, 2014 Unrealized gain on securities available for sale $ $ Gain on securities transactions, net Income tax (benefit) expense $ $ Net of tax Details about AOCI Components Amount Reclassified from AOCI Affected Line Item in the Unaudited Consolidated Statement of Income Nine months ended September 30, 2015 September 30, 2014 Unrealized gain on securities available for sale $ $ G ain on securities transactions, net Income tax (benefit) expense $ $ Net of tax |
Fair Values of Assets and Liabi
Fair Values of Assets and Liabilities | 9 Months Ended |
Sep. 30, 2015 | |
Fair Values of Assets and Liabilities [Abstract] | |
Fair Values of Assets and Liabilities | Note 9 . Fair Values of Assets and Liabilities FASB ASC 820, Fair Value Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. FASB ASC 820 requires that valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs and also establishes a fair value hierarchy that prioritizes the valuation inputs into three broad levels. The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: • Level 1—Valuation is based upon quoted prices for identical instruments traded in active markets. • Level 2—Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3—Valuation is determined using model-based techniques with significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of third party pricing services, option pricing models, discounted cash flow models and similar techniques. FASB ASC 825, Financial Instruments , allows an entity the irrevocable option to elect fair value for the initial and subsequent measurement for certain financial assets and liabilities on a contract-by-contract basis. The Company has not made any material FASB ASC 825 elections as of September 30, 2015 . Assets and Liabilities Recorded at Fair Value on a Recurring Basis The Company utilizes fair value measurements to record adjustments to certain assets to determine fair value disclosures. Securities available for sale and loans held for sale are recorded at fair value on a recurring basis. The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis (dollars in thousands): September 30, 2015 Total Level 1 Level 2 Level 3 Investment securities available for sale U.S. Treasury issue and other U.S. Gov’t agencies $ $ $ $ - U.S. Gov’t sponsored agencies - - State, county and municipal - Corporate and other bonds - - Mortgage backed – U.S. Gov’t agencies - Mortgage backed – U.S. Gov’t sponsored agencies - Total investment securities available for sale - Loans held for sale - - Total assets at fair value $ $ $ $ - Cash flow hedge $ $ - $ $ - Total liabilities at fair value $ $ - $ $ - December 31, 2014 Total Level 1 Level 2 Level 3 Investment securities available for sale U.S. Treasury issue and other U.S. Gov’t agencies $ $ $ $ - State, county and municipal - Corporate and other bonds - - Mortgage backed – U.S. Gov’t agencies - - Mortgage backed – U.S. Gov’t sponsored agencies - - Total investment securities available for sale - Loans held for sale - - Cash flow hedge - - Total assets at fair value $ $ $ $ - Total liabilities at fair value $ - $ - $ - $ - Investment securities available for sale Investment securities available for sale are recorded at fair value each reporting period. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. The Company utilizes a third party vendor to provide fair value data for purposes of determining the fair value of its available for sale securities portfolio. The third party vendor uses a reputable pricing company for security market data. The third party vendor has controls and edits in place for month-to-month market checks and zero pricing, and a Statement on Standards for Attestation Engagements No. 16 report is obtained from the third party vendor on an annual basis. The Company makes no adjustments to the pricing service data received for its securities available for sale. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include mortgage-backed securities issued by government sponsored entities, municipal bonds and corporate debt securities. Loans held for sale The carrying amounts of loans held for sale approximate fair value. Cash flow hedge The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis The Company is also required to measure and recognize certain other financial assets at fair value on a nonrecurring basis on the consolidated balance sheet. The following tables present assets measured at fair value on a nonrecurring basis as of September 30, 2015 and December 31, 2014 (dollars in thousands): September 30, 2015 Total Level 1 Level 2 Level 3 Impaired loans $ $ — $ $ Bank premises and equipment held for sale Other real estate owned — — Total assets at fair value $ $ — $ $ Total liabilities at fair value $ — $ — $ — $ — December 31, 2014 Total Level 1 Level 2 Level 3 Impaired loans $ $ — $ — $ Other real estate owned — — Total assets at fair value $ $ — $ — $ Total liabilities at fair value $ — $ — $ — $ — Impaired loans Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures the impairment in accordance with FASB ASC 310, Receivables . The fair value of impaired loans is estimated using one of several methods, including collateral value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceeds the recorded invest ments in such loans. At September 30, 2015 and December 31, 2014 , a majority of total impaired loans were evaluated based on the fair value of the collateral. The Company frequently obtains appraisals prepared by external professional appraisers for classified loans greater than $250,000 when the most recent appraisal is greater than 12 months old. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the impaired loan within Level 2. The Company may also identify collateral deterioration based on current market sales data, including price and absorption, as well as input from real estate sales professionals and developers, county or city tax assessments, market data and on-site inspections by Company personnel. Internally prepared estimates generally result from current market data and actual sales data related to the Company’s collateral or where the collateral is located. When management determines that the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company records the impaired loan as nonrecurring Level 3. In instances where an appraisal received subsequent to an internally prepared estimate reflects a higher collateral value, management does not revise the carrying amount. Impaired loans can also be evaluated for impairment using the present value of expected future cash flows discounted at the loan’s effective interest rate. The measurement of impaired loans using future cash flows discounted at the loan’s effective interest rate rather than the market rate of interest rate is not a fair value measurement and is therefore excluded from fair value disclosure requirements. Reviews of classified loans are performed by management on a quarterly basis. Bank premises and equipment held for sale The fair value of bank premises and equipment held for sale within Level 2 relates to the pending branch office sale and reflects the value agreed upon in the sale agreement. The amount recorded within Level 3 was determined using the adjusted appraisal methodology described in the o ther real estate owned (OREO) asset section below. Other real estat e owned OREO assets are adjusted to fair value less estimated selling costs upon transfer of the related loans to OREO property. Subsequent to the transfer, valuations are periodically performed by management and the assets are carried at the lower of carrying value or fair value less estimated selling costs. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the foreclosed asset within Level 2. When an appraised value is not available or management determines that the fair value of the collateral is further impaired below the appraised value due to such things as absorption rates and market conditions, the Company records the foreclosed asset within Level 3 of the fair value hierarchy. Fair Value of Financial Instruments FASB ASC 825, Financial Instruments , requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring or nonrecurring basis. FASB ASC 825 excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. The following reflects the fair value of financial instruments, whether or not recognized on the consolidated balance sheet, at fair value measures by level of valuation assumptions used for those assets. These tables exclude financial instruments for which the carrying value approximates fair value (dollars in thousands): September 30, 2015 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Securities held to maturity $ $ $ — $ $ — Loans — PCI loans — — FDIC indemnification asset — — — — — Financial liabilities: Interest bearing deposits — — Long-term borrowings — — December 31, 2014 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Securities held to maturity $ $ $ — $ $ — Loans — PCI loans — — FDIC indemnification asset — — Financial liabilities: Interest bearing deposits — — Long-term borrowings — — The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying balance sheets at amounts other than fair value as of September 30, 2015 . The Company applied the provisions of FASB ASC 820 to the fair value measurements of financial instruments not recognized on the consolidated balance sheet at fair value. The provisions requiring the Company to maximize the use of observable inputs and to measure fair value using a notion of exit price were factored into the Company’s selection of inputs into its established valuation techniques. Financial Assets Cash and cash equivalents The carrying amounts of cash and due from banks, interest bearing bank deposits, and federal funds sold approximate fair value. Securities held for investment For securities held for investment, fair values are based on quoted market prices or dealer quotes. Restricted securities The carrying value of restricted securities approximates their fair value based on the redemption provisions of the respective issuer. Loans held for sale The carrying amounts of loans held for sale approximate fair value. Loans The fair valu e of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. The fair value of impaired loans is consistent with the methodology used for the FASB ASC 820 disclosure for assets recorded at fair value on a nonrecurring basis presented above. PCI loans F air values for PCI loans are based on a discounted cash flow methodology that considers various factors including the type of loan and related collateral, classification status, term of loan and whether or not the loans are amortizing. Loans were pooled together according to similar characteristics and were treated in the aggregate when applying various valuation techniques. The discount rates used for loans are based on the rates used at acquisition (which were based on market rates for new originations of comparable loans) adjusted for any material changes in interest rates since acquisition. Increases in cash flow expectations since acquisition resulted in estimated fair value being higher than carrying value. The increase in cash flows is also reflected in a transfer from unaccretable yield to accretable yield as disclosed in Note 4. FDIC indemnification asset Loss sharing assets are measured separately from the related PCI assets as they are not contractually embedded in the PCI assets and are not transferable with the assets should the Company choose to dispose of them. Fair value is estimated using projected cash flows related to the obligations under the shared-loss agreements based on the expected reimbursements for losses and the applicable loss sharing percentages. These expected reimbursements do not include reimbursable amounts related to future PCI expenditures. These cash flows were discounted to reflect the uncertainty of the timing and receipt of the loss sharing reimbursement from the FDIC. A reduction in loss expectations has resulted in the estimated fair value of the FDIC indemnification asset being lower than its carrying value. This creates a premium that is amortized over the life of the asset and is reflected in Note 5. Accrued interest receivable The carrying amounts of accrued interest receivable approximate fair value. Financial Liabilities Noninterest bearing deposits The carrying amount of noninterest bearing deposits approximates fair value. Interest bearing deposits The fair value of NOW accounts, savings accounts, and certain money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities. Federal funds purchased and securities sold under agreements to repurchase The carrying amount of federal funds purchased and securities sold under agreements to repurchase approximates fair value Long-term borrowings The fair values of the Company’s long-term borrowings, such as FHLB advances and long-term debt, are estimated using discounted cash flow analy s es based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements. Accrued interest payable The carrying amounts of accrued interest payable approximate fair value. Off-balance sheet financial instruments The fair value of commitments to extend credit is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of stand-by letters of credit is based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date. The Company’s off-balance sheet commitments are funded at current market rates at the date they are drawn upon. It is management’s opinion that the fair value of these commitments would approximate their carrying value, if drawn upon. The Company 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 the Company’s financial instruments will change when interest rate levels change, and that change may be either favorable or unfavorable. 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 the Company’s overall interest rate risk. |
Earnings (Loss) Per Common Shar
Earnings (Loss) Per Common Share | 9 Months Ended |
Sep. 30, 2015 | |
Earnings (Loss) Per Common Share [Abstract] | |
Earnings (Loss) Per Common Share | Note 10 . Earnings (Loss) Per Common Share Basic earnings (loss) per common share (EPS) is computed by dividing net income or loss available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the weighted average number of common shares outstanding during the period, including the effect of all potentially dilutive common shares outstanding attributable to stock instruments. The following table presents basic and diluted EPS for the three and nine months ended September 30, 2015 and 2014 (dollars and shares in thousands, except per share data): Net (Loss) Income Available to Common Shareholders (Numerator) Weighted Average Common Shares (Denominator) Per Common Share Amount For the three months ended September 30, 2015 Basic EPS ($7,716) ($0.35) Effect of dilutive stock awards — — — Diluted EPS ($7,716) ($0.35) For the three months ended September 30, 2014 Basic EPS $ $ Effect of dilutive stock awards — — Diluted EPS $ $ For the nine months ended September 30, 2015 Basic EPS ($4,711) ($0.21) Effect of dilutive stock awards — — — Diluted EPS ($4,711) ($0.21) For the nine months ended September 30, 2014 Basic EPS $ $ Effect of dilutive stock awards — — Diluted EPS $ $ Antidilutive common shares issuable under awards or options of 1.0 million and 30,000 were excluded from the computation of diluted earnings per common share during the three and nine months ended September 30, 2015, and 2014, respectively. |
Employee Benefit Plan
Employee Benefit Plan | 9 Months Ended |
Sep. 30, 2015 | |
Employee Benefit Plan [Abstract] | |
Employee Benefit Plan | Note 1 1 . Employee Benefit Plan The Company adopted the Bank of Essex noncontributory, defined benefit pension plan for all full-time pre-merger Bank of Essex employees over 21 years of age. Benefits are generally based upon years of service and the employees’ compensation. The Company funds pension costs in accordance with the funding provisions of the Employee Retirement Income Security Act. The Company has frozen the plan benefits for all the d efined b enefit p lan participants effective December 31, 2010. The following table provides the components of net periodic benefit cost for the plan for the three and nine months ended September 30, 2015 and 2014 (dollars in thousands): Three months ended September 30 Nine months ended September 30 2015 2014 2015 2014 Interest cost $ $ $ $ Expected return on plan assets Amortization of prior service cost Recognized net actuarial loss Net periodic benefit cost ($29) ($40) ($87) ($118) |
Cash Flow Hedge
Cash Flow Hedge | 9 Months Ended |
Sep. 30, 2015 | |
Cash Flow Hedge [Abstract] | |
Cash Flow Hedge | Note 12 . Cash Flow Hedge On November 7, 2014, the Company entered into an interest rate swap with a total notional amount of $30 million. The Company designated the swap as a cash flow hedge intended to protect against the variability in the expected future cash flows on the designated variable rate borrowings. The swap hedges the interest rate risk, wherein the Company will receive an interest rate based on the three month LIBOR from the counterparty and pays an interest rate of 1.69% to the same counterparty calculated on the notional amount for a term of five years. The Company intends to sequentially issue a series of three month fixed rate debt as part of a planned roll-over of short term debt for five years. The forecasted funding will be provided through one of the following wholesale funding sources: a new FHLB advance, a new repurchase agreement, or a pool of brokered CDs, based on whichever market offers the most advantageous pricing at the time that pricing is first initially determined for the effective date of the swap and each reset period thereafter. Each quarter when the Company rolls over the three month debt, it will decide at that time which funding source to use for that quarterly period. The swap was entered into with a counterparty that met the Company’s credit standards, and the agreement contains collateral provisions protecting the at- risk party. The Company believes that the credit risk inherent in the contract is not significant. As of September 30, 2015 , the Company had $530,000 of cash pledged as collateral. Amounts receivable or payable are recognized as accrued under the terms of the agreements. In accordance with FASB ASC 815, Derivatives and Hedging , the Company has designated the swap as a cash flow hedge, with the effective portions of the derivatives’ unrealized gains or losses recorded as a component of other comprehensive income. The ineffective portions of the unrealized gains or losses, if any, would be recorded in other operating expense. The Company has assessed the effectiveness of each hedging relationship by comparing the changes in cash flows on the designated hedged item. The Company’s cash flow hedge is deemed to be effective. At September 30, 2015, the fair value of the Company’s cash flow hedge was an unrealized loss of $599,000 and was recorded in other liabilities. The loss was recorded as a component of other comprehensive income. |
Branch Sales
Branch Sales | 9 Months Ended |
Sep. 30, 2015 | |
Branch Sales [Abstract] | |
Branch Sales | Note 13 . Branch sale During the third quarter of 2015 , the Company executed a contract for the sale /leaseback of its branch office in Crofton, Maryland with an expected close date of November 6, 2015 . In accordance with FASB ASC 360, Property, Plant and Equipment, the net book value of the branch office, excluding furniture and equipment, of $2.5 million was written down by $383,000 to reflect the fair market value of $2.1 million classified as held for sale at September 30, 2015. As part of the contract, the Company will enter into a five year lease of the branch space, which is approximately 1 4 % of the total office space, for approximately $105,000 per year and a one year lease of an additional 1 1 % of the office space for $45,000 per year. In addition, the branch office in Catonsville, Maryland continues to be included in bank premises and equipment held for sale. In accordance with FASB ASC 360, the Company wrote this property down $301,000 to a fair market value of $110,000 at September 30, 2015. |
Securities (Tables)
Securities (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Securities [Abstract] | |
Amortized Costs and Fair Values of Securities Available for Sale and Held to Maturity | Amortized costs and fair values of securities available for sale and held to maturity at September 30, 2015 and December 31, 2014 were as follows ( dollars in thousands): September 30, 2015 Gross Unrealized Amortized Cost Gains Losses Fair Value Securities Available for Sale U.S. Treasury issue and other U.S. Gov’t agencies $ $ $ $ U.S. Gov’t sponsored agencies — State, county and municipal Corporate and other bonds Mortgage backed – U.S. Gov’t agencies Mortgage backed – U.S. Gov’t sponsored agencies Total Securities Available for Sale $ $ $ $ Securities Held to Maturity State, county and municipal $ $ $ $ $ $ $ Mortgage backed – U.S. Gov’t agencies — Mortgage backed – U.S. Gov’t sponsored agencies — — — — Total Securities Held to Maturity $ $ $ $ December 31, 2014 Gross Unrealized Amortized Cost Gains Losses Fair Value Securities Available for Sale U.S. Treasury issue and other U.S. Gov’t agencies $ $ $ $ U.S. Gov’t sponsored agencies — — — — State, county and municipal Corporate and other bonds Mortgage backed – U.S. Gov’t agencies Mortgage backed – U.S. Gov’t sponsored agencies Total Securities Available for Sale $ $ $ $ Securities Held to Maturity State, county and municipal $ $ $ $ $ — $ $ Mortgage backed – U.S. Gov’t agencies — Mortgage backed – U.S. Gov’t sponsored agencies — Total Securities Held to Maturity $ $ $ — $ |
Amortized Cost and Fair Value of Securities by Contractual Maturity | Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without any penalties. Held to Maturity Available for Sale Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ $ $ $ Due after one year through five years Due after five years through ten years Due after ten years Total securities $ $ $ $ |
Summary of Realized Gains and Losses on Sales of Securities | Gross realized gains and losses on sales of securities available for sale during the three and nine months ended September 30, 2015 and 2014 were as follows (dollars in thousands) : Three Months Ended Nine Months Ended September 30, 2015 September 30, 2014 September 30, 2015 September 30, 2014 Gross realized gains $ $ $ $ Gross realized losses Net securities gains $ $ $ $ |
Summary of Fair Value and Gross Unrealized Losses for Securities Available for Sale | The fair value and gross unrealized losses for securities, segregated by the length of time that individual securities have been in a continuous gross unrealized loss position, at September 30, 2015 and December 31, 2014 were as follows (dollars in thousands): September 30, 2015 Less than 12 Months 12 Months or More Total Secutities Available for Sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Treasury issue and other U.S. Gov’t agencies $ $ $ $ $ $ U.S. Treasury issue and other U.S. Gov’t sponsored agencies - - State, county and municipal Corporate and other bonds Mortgage backed – U.S. Gov’t agencies Mortgage backed – U.S. Gov’t sponsored agencies - - Total $ $ $ $ $ $ Secutities Held to Maturity State, county and municipal $ $ $ - $ - $ $ December 31, 2014 Less than 12 Months 12 Months or More Total Securities Available for Sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Treasury issue and other U.S. Gov’t agencies $ $ $ $ $ $ State, county and municipal Corporate and other bonds Mortgage backed – U.S. Gov’t agencies — — Mortgage backed – U.S. Gov’t sponsored agencies Total $ $ $ $ $ $ |
Loans and Related Allowance f22
Loans and Related Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Loans and Related Allowance for Loan Losses [Abstract] | |
Summary of Loans | The Company’s loans, net of deferred fees and costs, at September 30, 2015 and December 31, 2014 were comprised of the following (dollars in thousands): September 30, 2015 December 31, 2014 Amount % of Loans Amount % of Loans Mortgage loans on real estate: Residential 1-4 family $ % $ % Commercial Construction and land development Second mortgages Multifamily Agriculture Total real estate loans Commercial loans Consumer installment loans All other loans Total loans $ % $ % Loans previously reported $ $ Loans previously reported as PCI — Total loans $ $ |
Summary of Information Related to Impaired Loans | The following table summarizes information related to impaired loans as of September 30, 2015 (dollars in thousands): With an allowance recorded: Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance Mortgage loans on real estate: Residential 1-4 family $ $ $ Commercial Construction and land development Second mortgages Total real estate loans Commercial loans — Consumer installment loans Subtotal impaired loans with a valuation allowance With no related allowance recorded: Mortgage loans on real estate: Residential 1-4 family — Commercial — Total real estate loans — Subtotal impaired loans without a valuation allowance — Total: Mortgage loans on real estate: Residential 1-4 family Commercial Construction and land development Second mortgages Total real estate loans Commercial loans — Consumer installment loans Total impaired loans $ $ $ (1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment (2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs The following table summarizes information related to impaired loans as of December 31, 2014 (dollars in thousands): With an allowance recorded: Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance Mortgage loans on real estate: Residential 1-4 family $ $ $ Commercial Construction and land development Second mortgages Total real estate loans Commercial loans Consumer installment loans Subtotal impaired loans with a valuation allowance With no related allowance recorded: Mortgage loans on real estate: Residential 1-4 family — Commercial — Construction and land development — Total real estate loans — Consumer installment loans — Subtotal impaired loans without a valuation allowance — Total: Mortgage loans on real estate: Residential 1-4 family Commercial Construction and land development Second mortgages Total real estate loans Commercial loans Consumer installment loans Total impaired loans $ $ $ (1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment (2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs |
Summary of Financial Receivable Impaired Average Recorded Investment | The following table summarizes the average recorded investment of impaired loans for the three and nine months ended September 30, 2015 and 2014 (dollars in thousands): Three months ended Nine months ended September 30, 2015 September 30, 2014 September 30, 2015 September 30, 2014 Mortgage loans on real estate: Residential 1-4 family $ $ $ $ Commercial Construction and land development Second mortgages Agriculture — — — Total real estate loans Commercial loans Consumer installment loans Total impaired loans $ $ $ $ |
Summary of Non-Accrual Loans, Excluding PCI Loans, by Loan Category | The following table presents nonaccrual loans by loan category as of September 30, 2015 and December 31, 2014 (dollars in thousands): September 30, 2015 December 31, 2014 Mortgage loans on real estate: Residential 1-4 family $ $ Commercial Construction and land development Second mortgages Multifamily — — Agriculture — — Total real estate loans Commercial loans Consumer installment loans All other loans — — Total loans $ $ |
Age Analysis of Past Due Status of Non-Covered Loans, Excluding PCI Loans | The following tables present an age analysis of past due status of loans by category as of September 30, 2015 and December 31, 2014 (dollars in thousands): September 30, 2015 30-89 Days Past Due 90 Days Past Due Total Past Due Current Total Loans Receivable Recorded Investment 90 Days Past Due and Accruing Mortgage loans on real estate: Residential 1-4 family $ $ $ $ $ $ — Commercial — — Construction and land development — — Second mortgages — Multifamily — — — — Agriculture — — — — Total real estate loans — Commercial loans — Consumer installment loans — All other loans — — Total loans $ $ $ $ $ $ — December 31, 2014 30-89 Days Past Due 90 Days Past Due Total Past Due Current Total Loans Recorded Investment 90 Days Past Due and Accruing Mortgage loans on real estate: Residential 1-4 family $ $ $ $ $ $ — Commercial — Construction and land development — Second mortgages — Multifamily — — — — Agriculture — — — — Total real estate loans — Commercial loans — Consumer installment loans — All other loans — — — — Total loans $ $ $ $ $ $ — |
Allowance for Loan Losses on Non-Covered Loans, Excluding PCI Loans, by Segment | Activity in the allowance for loan losses on loans by segment for the three and nine months ended September 30, 2015 and 2014 is presented in the following tables (dollars in thousands): Three Months Ended September 30, 2015 Beginning of Period Provision Allocation Charge-offs Recoveries End of Period Mortgage loans on real estate: Residential 1-4 family $ $ $ $ $ Commercial — Construction and land development Second mortgages — Multifamily — — Agriculture — — Total real estate loans Commercial loans — Consumer installment loans All other loans — — Total loans $ $ — $ $ $ Three Months Ended September 30, 2014 Beginning of Period Provision Allocation Charge-offs Recoveries End of Period Mortgage loans on real estate: Residential 1-4 family $ $ $ $ $ Commercial Construction and land development — — Second mortgages — — Multifamily — — Agriculture — — — Total real estate loans Commercial loans — Consumer installment loans All other loans — — Total loans $ $ — $ $ $ Nine Months Ended September 30, 2015 Beginning of Period Provision Allocation Charge-offs Recoveries End of Period Mortgage loans on real estate: Residential 1-4 family $ $ $ $ $ Commercial — Construction and land development Second mortgages — Multifamily — — Agriculture — — Total real estate loans Commercial loans Consumer installment loans All other loans — — Total loans $ $ — $ $ $ Nine Months Ended September 30, 2014 Beginning of Period Provision Allocation Charge-offs Recoveries End of Period Mortgage loans on real estate: Residential 1-4 family $ $ $ $ $ Commercial Construction and land development — Second mortgages — Multifamily — — Agriculture — — Total real estate loans Commercial loans — Consumer installment loans All other loans — — Total loans $ $ — $ $ $ |
Loans Evaluated For Impairment | The following tables present information on the loans evaluated for impairment in the allowance for loan losses as of September 30, 2015 and December 31, 2014 (dollars in thousands): September 30, 2015 Allowance for Loan Losses Recorded Investment in Loans Individually Evaluated for Impairment (1) Collectively Evaluated for Impairment Total Individually Evaluated for Impairment (1) Collectively Evaluated for Impairment Total Mortgage loans on real estate: Residential 1-4 family $ $ $ $ $ $ Commercial Construction and land development Second mortgages Multifamily — — Agriculture — — Total real estate loans Commercial loans Consumer installment loans All other loans — — Total loans $ $ $ $ $ $ December 31, 2014 Allowance for Loan Losses Recorded Investment in Loans Individually Evaluated for Impairment (1) Collectively Evaluated for Impairment Total Individually Evaluated for Impairment (1) Collectively Evaluated for Impairment Total Mortgage loans on real estate: Residential 1-4 family $ $ $ $ $ $ Commercial Construction and land development Second mortgages Multifamily — — Agriculture — — Total real estate loans Commercial loans Consumer installment loans All other loans — — Total loans $ $ $ $ $ $ (1) The category “Individually Evaluated for Impairment” includes loans individually evaluated for impairment and determined not to be impaired. These loans totalled $7. 6 million and $8. 6 million at September 30, 2015 and December 31, 2014, respectively. The allowance for loans losses allocated to these loans was $140,000 and $146,000 at September 30, 2015 and December 31, 2014, respectively . |
Non-Covered Loans, Excluding PCI Loans, by Credit Quality Indicator | The following tables present the composition of loans by credit quality indicator at September 30, 2015 and December 31, 2014 (dollars in thousands): September 30, 2015 Pass Special Mention Substandard Doubtful Total Mortgage loans on real estate: Residential 1-4 family $ $ $ $ — $ Commercial — Construction and land development — Second mortgages — Multifamily — — — Agriculture — — Total real estate loans — Commercial loans — Consumer installment loans — All other loans — — — Total loans $ $ $ $ — $ December 31, 2014 Pass Special Mention Substandard Doubtful Total Mortgage loans on real estate: Residential 1-4 family $ $ $ $ — $ Commercial — Construction and land development — Second mortgages — Multifamily — — — Agriculture — — — Total real estate loans — Commercial loans — Consumer installment loans — All other loans — — — Total loans $ $ $ $ — $ |
PCI Loans and Related Allowan23
PCI Loans and Related Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Schedule of Interest Income on PCI Loans | The following table is a summary of interest income on PCI loans for the three and nine months ended September 30, 2015 and 2014 (dollars in thousands): Three months ended September 30 Nine months ended September 30 2015 2014 2015 2014 Interest income on PCI loans $ $ $ $ Interest income on PCI loans previously reported as covered by the FDIC — — Total interest income on PCI loans $ $ $ $ |
Covered Loans [Member] | |
Summary of PCI Loans | The carrying amount, by loan type, as of these dates is as follows (dollars in thousands): September 30, 2015 December 31, 2014 Amount % of PCI Loans Amount % of PCI Loans Mortgage loans on real estate: Residential 1-4 family $ % $ % Commercial Construction and land development Second mortgages Multifamily Total real estate loans Total PCI loans $ % $ % PCI loans previously reported $ $ PCI loans previously reported as covered by the FDIC — Total PCI loans $ $ |
Summary of Purchased Credit Impaired Loans Collectively Evaluated for Impairment in the Allowance for Loan Losses | T he following table presents information on the PCI loans collectively evaluated for impairment in the allowance for loan losses at Septermber 30, 2015 and December 31, 2014 (dollars in thousands): September 30, 2015 December 31, 2014 Allowance for loan losses Recorded investment in loans Allowance for loan losses Recorded investment in loans Mortgage loans on real estate: Residential 1-4 family $ $ $ $ Commercial Construction and land development — — Second mortgages — — Multifamily — — Total real estate loans Total PCI loans $ $ $ $ PCI loans previously reported $ $ $ $ PCI loans previously reported as covered by the FDIC — — Total PCI loans $ $ $ $ |
Summary of Changes in the Accretable Yield | The change in the accretable yield balance for the nine months ended September 30, 2015 and for the year ended December 31, 2014, is as follows (dollars in thousands): Balance, January 1, 2014 $ PCI loans Accretion Reclassification from nonaccretable yield PCI loans previously reported as covered by the FDIC Accretion Reclassification from nonaccretable yield Balance, December 31, 2014 $ PCI loans $ PCI loans previously reported as covered by the FDIC Balance, December 31, 2014 $ Accretion Reclassification from nonaccretable yield Balance, September 30, 201 5 $ |
FDIC Agreements and FDIC Inde24
FDIC Agreements and FDIC Indemnification Asset (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
FDIC Agreements and FDIC Indemnification Asset [Abstract] | |
Summary of Balances of FDIC Indemnification Asset | The following table presents the balances of the FDIC indemnification asset at September 30, 2015 and December 31, 2014 (dollars in thousands): Anticipated Expected Losses Estimated Loss Sharing Value Amortizable Premium (Discount) at Present Value FDIC Indemnification Asset Total January 1, 2014 $ $ $ $ Increases: Writedown of OREO property to FMV Decreases: Net amortization of premium Reclassifications to FDIC receivable: Net loan charge-offs and recoveries OREO sales Reimbursements requested from FDIC Reforecasted Change in Anticipated Expected Losses — December 31, 2014 $ 5,551 $ 4,441 $ 14,168 $ 18,609 Increases: Writedown of OREO property to FMV — — — Decreases: Net amortization of premium Charge-off due to termination of shared-loss agreement Reclassifications to FDIC receivable: Net loan charge-offs and recoveries OREO sales Reimbursements requested from FDIC Reforecasted Change in Anticipated Expected Losses — September 30, 2015 $ — $ — $ — $ — |
Other Real Estate Owned (Tables
Other Real Estate Owned (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Other Real Estate Owned [Abstract] | |
Schedule of Other Real Estate Owned | The following table presents the balances of other real estate owned at September 30, 2015 and December 31, 2014 (dollars in thousands): September 30, 2015 December 31, 2014 Residential 1-4 family $ $ Commercial Construction and land development Total other real estate owned $ $ Other real estate owned Other real estate owned previously reported as covered by the FDIC — Total other real estate owned $ $ |
Deposits (Tables)
Deposits (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Deposits [Abstract] | |
Summary of Interest Bearing Deposits | The following table provides interest bearing deposit information, by type, as of September 30, 2015 and December 31, 2014 (dollars in thousands): September 30, 2015 December 31, 2014 NOW $ $ MMDA Savings Time deposits less than $250,000 Time deposits $250,000 and over Total interest bearing deposits $ $ |
Accumulated Other Comprehensi27
Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Summary of Accumulated Other Comprehensive (Loss) Income | The following tables present activity net of tax in accumulated other comprehensive income (loss) (AOCI) for the three and nine months ended September 30, 2015 and 2014 (dollars in thousands): Three months ended September 30, 2015 Unrealized Gain (Loss) on Securities Defined Benefit Pension Plan Gain/Loss on Cash Flow Hedge Total Other Comprehensive Income (Loss) Beginning balance $ $ $ $ Other comprehensive income (loss) before reclassifications - Amounts reclassified from AOCI - - Net current period other comprehensive income (loss) - Ending balance $ $ $ $ Three months ended September 30, 2014 Unrealized Gain (Loss) on Securities Defined Benefit Pension Plan Total Other Comprehensive Income (Loss) Beginning balance $ $ $ Other comprehensive income before reclassifications - Amounts reclassified from AOCI - Net current period other comprehensive income - Ending balance $ $ $ Nine months ended September 30, 2015 Unrealized Gain (Loss) on Securities Defined Benefit Pension Plan Gain/Loss on Cash Flow Hedge Total Other Comprehensive Income (Loss) Beginning balance $ $ $ $ Other comprehensive income (loss) before reclassifications - Amounts reclassified from AOCI - - Net current period other comprehensive income (loss) - Ending balance $ $ $ $ Nine months ended September 30, 2014 Unrealized Gain (Loss) on Securities Defined Benefit Pension Plan Total Other Comprehensive Income (Loss) Beginning balance $ $ $ Other comprehensive income before reclassifications - Amounts reclassified from AOCI - Net current period other comprehensive income - Ending balance $ $ $ |
Effects of Reclassifications Out of AOCI | The following tables present the effects of reclassifications out of AOCI on line items of consolida ted income for the three and nine months ended September 30, 2015 and 2014 (dollars in thousands): Details about AOCI Components Amount Reclassified from AOCI Affected Line Item in the Unaudited Consolidated Statement of Income Three months ended September 30, 2015 September 30, 2014 Unrealized gain on securities available for sale $ $ Gain on securities transactions, net Income tax (benefit) expense $ $ Net of tax Details about AOCI Components Amount Reclassified from AOCI Affected Line Item in the Unaudited Consolidated Statement of Income Nine months ended September 30, 2015 September 30, 2014 Unrealized gain on securities available for sale $ $ G ain on securities transactions, net Income tax (benefit) expense $ $ Net of tax |
Fair Values of Assets and Lia28
Fair Values of Assets and Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Fair Values of Assets and Liabilities [Abstract] | |
Assets and Liabilities Recorded at Fair Value on Recurring Basis | The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis (dollars in thousands): September 30, 2015 Total Level 1 Level 2 Level 3 Investment securities available for sale U.S. Treasury issue and other U.S. Gov’t agencies $ $ $ $ - U.S. Gov’t sponsored agencies - - State, county and municipal - Corporate and other bonds - - Mortgage backed – U.S. Gov’t agencies - Mortgage backed – U.S. Gov’t sponsored agencies - Total investment securities available for sale - Loans held for sale - - Total assets at fair value $ $ $ $ - Cash flow hedge $ $ - $ $ - Total liabilities at fair value $ $ - $ $ - December 31, 2014 Total Level 1 Level 2 Level 3 Investment securities available for sale U.S. Treasury issue and other U.S. Gov’t agencies $ $ $ $ - State, county and municipal - Corporate and other bonds - - Mortgage backed – U.S. Gov’t agencies - - Mortgage backed – U.S. Gov’t sponsored agencies - - Total investment securities available for sale - Loans held for sale - - Cash flow hedge - - Total assets at fair value $ $ $ $ - Total liabilities at fair value $ - $ - $ - $ - |
Assets and Liabilities Measured at Fair Value on Nonrecurring Basis | The following tables present assets measured at fair value on a nonrecurring basis as of September 30, 2015 and December 31, 2014 (dollars in thousands): September 30, 2015 Total Level 1 Level 2 Level 3 Impaired loans $ $ — $ $ Bank premises and equipment held for sale Other real estate owned — — Total assets at fair value $ $ — $ $ Total liabilities at fair value $ — $ — $ — $ — December 31, 2014 Total Level 1 Level 2 Level 3 Impaired loans $ $ — $ — $ Other real estate owned — — Total assets at fair value $ $ — $ — $ Total liabilities at fair value $ — $ — $ — $ — |
Summary of Fair Value of Financial Instruments | These tables exclude financial instruments for which the carrying value approximates fair value (dollars in thousands): September 30, 2015 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Securities held to maturity $ $ $ — $ $ — Loans — PCI loans — — FDIC indemnification asset — — — — — Financial liabilities: Interest bearing deposits — — Long-term borrowings — — December 31, 2014 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Securities held to maturity $ $ $ — $ $ — Loans — PCI loans — — FDIC indemnification asset — — Financial liabilities: Interest bearing deposits — — Long-term borrowings — — |
Earnings (Loss) Per Common Sh29
Earnings (Loss) Per Common Share (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Earnings (Loss) Per Common Share [Abstract] | |
Computation of Earnings per Share | The following table presents basic and diluted EPS for the three and nine months ended September 30, 2015 and 2014 (dollars and shares in thousands, except per share data): Net (Loss) Income Available to Common Shareholders (Numerator) Weighted Average Common Shares (Denominator) Per Common Share Amount For the three months ended September 30, 2015 Basic EPS ($7,716) ($0.35) Effect of dilutive stock awards — — — Diluted EPS ($7,716) ($0.35) For the three months ended September 30, 2014 Basic EPS $ $ Effect of dilutive stock awards — — Diluted EPS $ $ For the nine months ended September 30, 2015 Basic EPS ($4,711) ($0.21) Effect of dilutive stock awards — — — Diluted EPS ($4,711) ($0.21) For the nine months ended September 30, 2014 Basic EPS $ $ Effect of dilutive stock awards — — Diluted EPS $ $ |
Employee Benefit Plan (Tables)
Employee Benefit Plan (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Employee Benefit Plan [Abstract] | |
Components of Net Periodic Benefit Cost for Plan | The following table provides the components of net periodic benefit cost for the plan for the three and nine months ended September 30, 2015 and 2014 (dollars in thousands): Three months ended September 30 Nine months ended September 30 2015 2014 2015 2014 Interest cost $ $ $ $ Expected return on plan assets Amortization of prior service cost Recognized net actuarial loss Net periodic benefit cost ($29) ($40) ($87) ($118) |
Nature of Banking Activities 31
Nature of Banking Activities and Significant Accounting Policies (Narrative) (Details) | 9 Months Ended |
Sep. 30, 2015property | |
Organization And Significant Accounting Policies [Line Items] | |
Number of full-service offices | 22 |
Virginia [Member] | |
Organization And Significant Accounting Policies [Line Items] | |
Number of loan production offices | 2 |
Securities (Narrative) (Detail)
Securities (Narrative) (Detail) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2015USD ($)security | Sep. 30, 2014USD ($) | Sep. 30, 2015USD ($)security | Sep. 30, 2014USD ($) | Dec. 31, 2014USD ($) | |
Schedule Of Marketable Securities [Line Items] | |||||
Proceeds from sales of securities available for sale | $ 19,300 | $ 17,000 | $ 75,500 | $ 61,600 | |
Investments held having OTTI losses | $ 0 | $ 0 | |||
Number of securities with unrealized losses | security | 135 | 135 | |||
Investment grade corporate obligations comprise securities with unrealized losses | security | 20 | ||||
Securities with amortized costs | $ 58,000 | $ 58,000 | $ 111,300 | ||
Securities purchased from single issuer | $ 0 | $ 0 | $ 0 | ||
Minimum percentage of securities purchased from U.S. Treasury issue and other U.S. Government agencies | 10.00% | 10.00% | |||
U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | |||||
Schedule Of Marketable Securities [Line Items] | |||||
Securities with investment grade | security | 115 |
Securities (Amortized Costs and
Securities (Amortized Costs and Fair Values of Securities Available for Sale and Held to Maturity) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | $ 264,754 | $ 272,368 |
Securities Available for Sale, Gross Unrealized Gains | 4,331 | 4,248 |
Securities Available for Sale, Gross Unrealized Losses | (2,124) | (2,048) |
Securities Available for Sale, Fair Value | 266,961 | 274,568 |
Securities Held to Maturity, Amortized Cost | 38,732 | 36,197 |
Securities Held to Maturity, Gross Unrealized Gains | 1,103 | $ 1,342 |
Securities Held to Maturity, Gross Unrealized Losses | (62) | |
Securities Held to Maturity, Fair Value | 39,773 | $ 37,539 |
U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 57,668 | 99,608 |
Securities Available for Sale, Gross Unrealized Gains | 80 | 113 |
Securities Available for Sale, Gross Unrealized Losses | (721) | (1,014) |
Securities Available for Sale, Fair Value | 57,027 | $ 98,707 |
U.S. Gov't Sponsored Agencies [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 756 | |
Securities Available for Sale, Gross Unrealized Gains | ||
Securities Available for Sale, Gross Unrealized Losses | (10) | |
Securities Available for Sale, Fair Value | 746 | |
State, County and Municipal [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 142,673 | $ 134,405 |
Securities Available for Sale, Gross Unrealized Gains | 3,995 | 3,926 |
Securities Available for Sale, Gross Unrealized Losses | (795) | (854) |
Securities Available for Sale, Fair Value | 145,873 | 137,477 |
Securities Held to Maturity, Amortized Cost | 35,370 | 31,677 |
Securities Held to Maturity, Gross Unrealized Gains | 929 | $ 1,103 |
Securities Held to Maturity, Gross Unrealized Losses | (62) | |
Securities Held to Maturity, Fair Value | 36,237 | $ 32,780 |
Corporate and Other Bonds [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 20,467 | 11,921 |
Securities Available for Sale, Gross Unrealized Gains | 86 | 17 |
Securities Available for Sale, Gross Unrealized Losses | (437) | (55) |
Securities Available for Sale, Fair Value | 20,116 | 11,883 |
Mortgage Backed - U.S. Gov't Agencies [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 8,715 | 2,338 |
Securities Available for Sale, Gross Unrealized Gains | 10 | 18 |
Securities Available for Sale, Gross Unrealized Losses | (57) | (98) |
Securities Available for Sale, Fair Value | 8,668 | 2,258 |
Securities Held to Maturity, Amortized Cost | 3,362 | 4,293 |
Securities Held to Maturity, Gross Unrealized Gains | $ 174 | $ 238 |
Securities Held to Maturity, Gross Unrealized Losses | ||
Securities Held to Maturity, Fair Value | $ 3,536 | $ 4,531 |
Mortgage Backed - U.S. Gov't Sponsored Agencies [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 34,475 | 24,096 |
Securities Available for Sale, Gross Unrealized Gains | 160 | 174 |
Securities Available for Sale, Gross Unrealized Losses | (104) | (27) |
Securities Available for Sale, Fair Value | $ 34,531 | 24,243 |
Securities Held to Maturity, Amortized Cost | 227 | |
Securities Held to Maturity, Gross Unrealized Gains | $ 1 | |
Securities Held to Maturity, Gross Unrealized Losses | ||
Securities Held to Maturity, Fair Value | $ 228 |
Securities (Amortized Cost and
Securities (Amortized Cost and Fair Value of Securities by Contractual Maturity) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Securities [Abstract] | ||
Due in one year or less, Held to Maturity, Amortized Cost | $ 1,878 | |
Due after one year through five years, Held to Maturity, Amortized Cost | 13,406 | |
Due after five years through ten years, Held to Maturity, Amortized Cost | 14,070 | |
Due after ten years, Held to Maturity, Amortized Cost | 9,378 | |
Total securities, Held to Maturity, Amortized Cost | 38,732 | $ 36,197 |
Due in one year or less, Held to Maturity, Fair Value | 1,911 | |
Due after one year through five years, Held to Maturity, Fair Value | 14,031 | |
Due after five years through ten years, Held to Maturity, Fair Value | 14,327 | |
Due after ten years, Held to Maturity, Fair Value | 9,504 | |
Securities Held to Maturity, Fair Value | 39,773 | 37,539 |
Due in one year or less, Available for Sale, Amortized Cost | 2,720 | |
Due after one year through five years, Available for Sale, Amortized Cost | 86,793 | |
Due after five years through ten years, Available for Sale, Amortized Cost | 133,580 | |
Due after ten years, Available for Sale, Amortized Cost | 41,661 | |
Securities Available for Sale, Amortized Cost | 264,754 | 272,368 |
Due in one year or less, Available for Sale, Fair Value | 2,683 | |
Due after one year through five years, Available for Sale, Fair Value | 88,070 | |
Due after five years through ten years, Available for Sale, Fair Value | 134,846 | |
Due after ten years, Available for Sale, Fair Value | 41,362 | |
Securities Available for Sale, Fair Value | $ 266,961 | $ 274,568 |
Securities (Summary of Realized
Securities (Summary of Realized Gains and Losses on Sales of Securities) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Securities [Abstract] | ||||
Gross realized gains | $ 95 | $ 202 | $ 670 | $ 698 |
Gross realized losses | (21) | (87) | (307) | (204) |
Net securities gains | $ 74 | $ 115 | $ 363 | $ 494 |
Securities (Summary of Fair Val
Securities (Summary of Fair Value and Gross Unrealized Losses for Securities Available for Sale) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | $ 53,517 | $ 59,455 |
Unrealized Loss, Less than 12 Months | (847) | (483) |
Fair Value, 12 Months or More | 47,599 | 73,702 |
Unrealized Loss, 12 Months or More | (1,277) | (1,565) |
Fair Value, Total | 101,116 | 133,157 |
Unrealized Loss, Total | (2,124) | (2,048) |
Securities Held to Maturity | ||
Fair Value, Less than 12 Months | 4,119 | |
Unrealized Loss, Less than 12 Months | (62) | |
Fair Value, Total | 4,119 | |
Unrealized Loss, Total | (62) | |
U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 10,924 | 47,475 |
Unrealized Loss, Less than 12 Months | (54) | (438) |
Fair Value, 12 Months or More | 32,347 | 35,630 |
Unrealized Loss, 12 Months or More | (667) | (576) |
Fair Value, Total | 43,271 | 83,105 |
Unrealized Loss, Total | (721) | (1,014) |
U.S. Gov't Sponsored Agencies [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 746 | |
Unrealized Loss, Less than 12 Months | (10) | |
Fair Value, Total | 746 | |
Unrealized Loss, Total | (10) | |
State, County and Municipal [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 20,859 | 3,673 |
Unrealized Loss, Less than 12 Months | (274) | (8) |
Fair Value, 12 Months or More | 9,965 | 32,348 |
Unrealized Loss, 12 Months or More | (521) | (846) |
Fair Value, Total | 30,824 | 36,021 |
Unrealized Loss, Total | (795) | (854) |
Corporate and Other Bonds [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 8,897 | 5,756 |
Unrealized Loss, Less than 12 Months | (396) | (21) |
Fair Value, 12 Months or More | 3,338 | 3,113 |
Unrealized Loss, 12 Months or More | (41) | (34) |
Fair Value, Total | 12,235 | 8,869 |
Unrealized Loss, Total | (437) | (55) |
Mortgage Backed - U.S. Gov't Agencies [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 2,002 | |
Unrealized Loss, Less than 12 Months | (9) | |
Fair Value, 12 Months or More | 1,949 | 1,899 |
Unrealized Loss, 12 Months or More | (48) | (98) |
Fair Value, Total | 3,951 | 1,899 |
Unrealized Loss, Total | (57) | (98) |
Mortgage Backed - U.S. Gov't Sponsored Agencies [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 10,089 | 2,551 |
Unrealized Loss, Less than 12 Months | (104) | (16) |
Fair Value, 12 Months or More | 712 | |
Unrealized Loss, 12 Months or More | (11) | |
Fair Value, Total | 10,089 | 3,263 |
Unrealized Loss, Total | $ (104) | $ (27) |
Loans and Related Allowance f37
Loans and Related Allowance for Loan Losses (Narrative) (Details) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2015USD ($)loan | Sep. 30, 2014USD ($)loan | Sep. 30, 2015USD ($)loan | Sep. 30, 2014USD ($)loan | Dec. 31, 2014USD ($) | ||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Purchased government-guaranteed loans | $ 693,002,000 | $ 693,002,000 | $ 660,020,000 | |||
Allowance for loan losses | 9,701,000 | 9,701,000 | 9,267,000 | |||
Cash basis interest income recognized | 25,000 | $ 301,000 | 487,000 | $ 598,000 | ||
Estimated interest income | $ 224,000 | $ 204,000 | $ 548,000 | $ 583,000 | ||
Number of contracts | loan | 0 | |||||
Number of contracts | loan | 0 | 0 | 0 | 0 | ||
Total impaired | [1] | $ 10,795,000 | $ 10,795,000 | 16,852,000 | ||
1-4 family mortgages pledged as collateral to the Federal Bank Home Loan | 141,700,000 | 141,700,000 | ||||
Total borrowing capacity | 123,100,000 | 123,100,000 | ||||
Nonaccruals | 10,795,000 | $ 10,795,000 | 16,571,000 | |||
Residential 1-4 Family [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Number of contracts | loan | 1 | |||||
Pre-modification balance | $ 68,000 | |||||
Post-modification balance | 68,000 | |||||
Commercial Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Number of contracts | loan | 1 | |||||
Pre-modification balance | $ 69,000 | $ 69,000 | ||||
Post-modification balance | 69,000 | 69,000 | ||||
Nonaccruing Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Interest income recognized on impaired loans | 0 | 0 | ||||
Nonaccruals | 16,600,000 | |||||
Accruing Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Interest income recognized on impaired loans | $ 0 | $ 0 | ||||
Guaranteed Loans [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Purchased government-guaranteed loans | $ 14,500,000 | $ 14,500,000 | 18,300,000 | |||
Percentage of loans guaranteed by the USDA | 100.00% | 100.00% | ||||
Unamortized purchase premium | $ 671,000 | $ 671,000 | 922,000 | |||
Purchased government-guaranteed loans | $ 14,500,000 | $ 14,500,000 | 18,300,000 | |||
Troubled Debt Restructure [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Still accruing | 118,000 | |||||
Special Mention [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ||||||
Still accruing | $ 163,000 | |||||
[1] | The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment |
Loans and Related Allowance f38
Loans and Related Allowance for Loan Losses (Summary of Non-Covered Loans) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 693,002 | $ 660,020 |
Percent of loans | 100.00% | 100.00% |
Scenario, Previously Reported [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 693,002 | $ 664,736 |
Purchase Credit Impaired (PCI) Loans [Member] | Scenario, Previously Reported [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | (4,716) | |
Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 596,310 | $ 553,297 |
Percent of loans | 86.04% | 83.83% |
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 184,256 | $ 167,171 |
Percent of loans | 26.59% | 25.33% |
Mortgage Loans on Real Estate [Member] | Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 288,111 | $ 282,127 |
Percent of loans | 41.57% | 42.75% |
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 64,059 | $ 57,027 |
Percent of loans | 9.24% | 8.64% |
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 7,940 | $ 5,997 |
Percent of loans | 1.15% | 0.91% |
Mortgage Loans on Real Estate [Member] | Multifamily [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 45,609 | $ 33,812 |
Percent of loans | 6.58% | 5.12% |
Mortgage Loans on Real Estate [Member] | Agriculture [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 6,335 | $ 7,163 |
Percent of loans | 0.91% | 1.08% |
Commercial Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 90,295 | $ 99,783 |
Percent of loans | 13.03% | 15.12% |
Consumer Installment Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 5,005 | $ 5,496 |
Percent of loans | 0.73% | 0.83% |
All Other Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 1,392 | $ 1,444 |
Percent of loans | 0.20% | 0.22% |
Loans and Related Allowance f39
Loans and Related Allowance for Loan Losses (Summary of Information Related to Impaired Loans) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 | |
Financing Receivable, Impaired [Line Items] | |||
With a related allowance, Recorded Investment | [1] | $ 8,946 | $ 15,665 |
With a related allowance, Unpaid Principal Balance | [2] | 11,353 | 19,912 |
Related Allowance | 1,553 | 1,694 | |
With no related allowance recorded, Recorded Investment | [1] | 1,849 | 1,187 |
With no related allowance recorded, Unpaid Principal Balance | [2] | 2,048 | 1,391 |
Total, Recorded Investment | [1] | 10,795 | 16,852 |
Total, Unpaid Principal Balance | [2] | 13,401 | 21,303 |
Related Allowance | 1,553 | 1,694 | |
Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
With a related allowance, Recorded Investment | [1] | 8,863 | 8,026 |
With a related allowance, Unpaid Principal Balance | [2] | 11,264 | 11,071 |
Related Allowance | 1,539 | 1,154 | |
With no related allowance recorded, Recorded Investment | [1] | 1,849 | 1,185 |
With no related allowance recorded, Unpaid Principal Balance | [2] | 2,048 | 1,388 |
Total, Recorded Investment | [1] | 10,712 | 9,211 |
Total, Unpaid Principal Balance | [2] | 13,312 | 12,459 |
Related Allowance | 1,539 | 1,154 | |
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
With a related allowance, Recorded Investment | [1] | 4,027 | 2,754 |
With a related allowance, Unpaid Principal Balance | [2] | 4,552 | 2,895 |
Related Allowance | 806 | 463 | |
With no related allowance recorded, Recorded Investment | [1] | 637 | 588 |
With no related allowance recorded, Unpaid Principal Balance | [2] | 656 | 626 |
Total, Recorded Investment | [1] | 4,664 | 3,342 |
Total, Unpaid Principal Balance | [2] | 5,208 | 3,521 |
Related Allowance | 806 | 463 | |
Mortgage Loans on Real Estate [Member] | Commercial [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
With a related allowance, Recorded Investment | [1] | 312 | 308 |
With a related allowance, Unpaid Principal Balance | [2] | 518 | 470 |
Related Allowance | 66 | 53 | |
With no related allowance recorded, Recorded Investment | [1] | 1,212 | 418 |
With no related allowance recorded, Unpaid Principal Balance | [2] | 1,392 | 550 |
Total, Recorded Investment | [1] | 1,524 | 726 |
Total, Unpaid Principal Balance | [2] | 1,910 | 1,020 |
Related Allowance | 66 | 53 | |
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
With a related allowance, Recorded Investment | [1] | 4,511 | 4,903 |
With a related allowance, Unpaid Principal Balance | [2] | 6,180 | 7,643 |
Related Allowance | 665 | 627 | |
With no related allowance recorded, Recorded Investment | [1] | 179 | |
With no related allowance recorded, Unpaid Principal Balance | [2] | 212 | |
Total, Recorded Investment | [1] | 4,511 | 5,082 |
Total, Unpaid Principal Balance | [2] | 6,180 | 7,855 |
Related Allowance | 665 | 627 | |
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
With a related allowance, Recorded Investment | [1] | 13 | 61 |
With a related allowance, Unpaid Principal Balance | [2] | 14 | 63 |
Related Allowance | 2 | 11 | |
Total, Recorded Investment | [1] | 13 | 61 |
Total, Unpaid Principal Balance | [2] | 14 | 63 |
Related Allowance | 2 | 11 | |
Commercial Loans [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
With a related allowance, Recorded Investment | [1] | 2 | 7,521 |
With a related allowance, Unpaid Principal Balance | [2] | 2 | 8,721 |
Related Allowance | 520 | ||
Total, Recorded Investment | [1] | 2 | 7,521 |
Total, Unpaid Principal Balance | [2] | 2 | 8,721 |
Related Allowance | 520 | ||
Consumer Installment Loans [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
With a related allowance, Recorded Investment | [1] | 81 | 118 |
With a related allowance, Unpaid Principal Balance | [2] | 87 | 120 |
Related Allowance | 14 | 20 | |
With no related allowance recorded, Recorded Investment | [1] | 2 | |
With no related allowance recorded, Unpaid Principal Balance | [2] | 3 | |
Total, Recorded Investment | [1] | 81 | 120 |
Total, Unpaid Principal Balance | [2] | 87 | 123 |
Related Allowance | $ 14 | $ 20 | |
[1] | The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment | ||
[2] | The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs |
Loans and Related Allowance f40
Loans and Related Allowance for Loan Losses (Summary of Financial Receivable Impaired Average Recorded Investment) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Average Recorded Investment | $ 10,664 | $ 10,742 | $ 13,824 | $ 11,828 |
Mortgage Loans on Real Estate [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Average Recorded Investment | 10,579 | 10,626 | 9,961 | 11,686 |
Commercial Loans [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Average Recorded Investment | 2 | 22 | 3,762 | 68 |
Consumer Installment Loans [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Average Recorded Investment | 83 | 94 | 101 | 74 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Average Recorded Investment | 4,279 | 4,389 | 4,003 | 4,255 |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Average Recorded Investment | 1,631 | 872 | 1,125 | 1,690 |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Average Recorded Investment | 4,632 | 5,143 | 4,796 | 5,416 |
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Average Recorded Investment | $ 37 | $ 222 | $ 37 | 223 |
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Average Recorded Investment | $ 102 |
Loans and Related Allowance f41
Loans and Related Allowance for Loan Losses (Summarizes Non-Accrual Loans, Excluding PCI Loans, by Loan Category) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | $ 10,795 | $ 16,571 |
Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 10,712 | 8,930 |
Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 2 | 7,521 |
Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | $ 81 | $ 120 |
All Other Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | ||
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | $ 4,664 | $ 3,342 |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 1,524 | 607 |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 4,511 | 4,920 |
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | $ 13 | $ 61 |
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | ||
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans |
Loans and Related Allowance f42
Loans and Related Allowance for Loan Losses (Age Analysis of Past Due Status of Non-Covered Loans, Excluding PCI Loans) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | $ 693,002 | $ 660,020 |
Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 596,310 | 553,297 |
Commercial Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 90,295 | 99,783 |
Consumer Installment Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 5,005 | 5,496 |
All Other Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 1,392 | 1,444 |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 288,111 | 282,127 |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 64,059 | 57,027 |
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 7,940 | 5,997 |
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 45,609 | 33,812 |
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 6,335 | 7,163 |
Non-Covered Loans Excluding PCI Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
30-89 Days Past Due | 809 | 728 |
90 Days Past Due | 10,795 | 16,571 |
Total Past Due | 11,604 | 17,299 |
Current | 681,398 | 642,721 |
Total Loans | $ 693,002 | $ 660,020 |
Recorded Investment 90 Days Past Due and Accruing | ||
Non-Covered Loans Excluding PCI Loans [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
30-89 Days Past Due | $ 748 | $ 652 |
90 Days Past Due | 10,712 | 8,930 |
Total Past Due | 11,460 | 9,582 |
Current | 584,850 | 543,715 |
Total Loans | $ 596,310 | $ 553,297 |
Recorded Investment 90 Days Past Due and Accruing | ||
Non-Covered Loans Excluding PCI Loans [Member] | Commercial Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
30-89 Days Past Due | $ 17 | $ 66 |
90 Days Past Due | 2 | 7,521 |
Total Past Due | 19 | 7,587 |
Current | 90,276 | 92,196 |
Total Loans | $ 90,295 | $ 99,783 |
Recorded Investment 90 Days Past Due and Accruing | ||
Non-Covered Loans Excluding PCI Loans [Member] | Consumer Installment Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
30-89 Days Past Due | $ 11 | $ 10 |
90 Days Past Due | 81 | 120 |
Total Past Due | 92 | 130 |
Current | 4,913 | 5,366 |
Total Loans | $ 5,005 | $ 5,496 |
Recorded Investment 90 Days Past Due and Accruing | ||
Non-Covered Loans Excluding PCI Loans [Member] | All Other Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
30-89 Days Past Due | $ 33 | |
90 Days Past Due | ||
Total Past Due | $ 33 | |
Current | 1,359 | $ 1,444 |
Total Loans | $ 1,392 | $ 1,444 |
Recorded Investment 90 Days Past Due and Accruing | ||
Non-Covered Loans Excluding PCI Loans [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
30-89 Days Past Due | $ 613 | $ 298 |
90 Days Past Due | 4,664 | 3,342 |
Total Past Due | 5,277 | 3,640 |
Current | 178,979 | 163,531 |
Total Loans | $ 184,256 | $ 167,171 |
Recorded Investment 90 Days Past Due and Accruing | ||
Non-Covered Loans Excluding PCI Loans [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
30-89 Days Past Due | $ 200 | |
90 Days Past Due | $ 1,524 | 607 |
Total Past Due | 1,524 | 807 |
Current | 286,587 | 281,320 |
Total Loans | $ 288,111 | $ 282,127 |
Recorded Investment 90 Days Past Due and Accruing | ||
Non-Covered Loans Excluding PCI Loans [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
30-89 Days Past Due | $ 128 | |
90 Days Past Due | $ 4,511 | 4,920 |
Total Past Due | 4,511 | 5,048 |
Current | 59,548 | 51,979 |
Total Loans | $ 64,059 | $ 57,027 |
Recorded Investment 90 Days Past Due and Accruing | ||
Non-Covered Loans Excluding PCI Loans [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
30-89 Days Past Due | $ 135 | $ 26 |
90 Days Past Due | 13 | 61 |
Total Past Due | 148 | 87 |
Current | 7,792 | 5,910 |
Total Loans | $ 7,940 | $ 5,997 |
Recorded Investment 90 Days Past Due and Accruing | ||
Non-Covered Loans Excluding PCI Loans [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
30-89 Days Past Due | ||
90 Days Past Due | ||
Total Past Due | ||
Current | $ 45,609 | $ 33,812 |
Total Loans | $ 45,609 | $ 33,812 |
Recorded Investment 90 Days Past Due and Accruing | ||
Non-Covered Loans Excluding PCI Loans [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
30-89 Days Past Due | ||
90 Days Past Due | ||
Total Past Due | ||
Current | $ 6,335 | $ 7,163 |
Total Loans | $ 6,335 | $ 7,163 |
Recorded Investment 90 Days Past Due and Accruing |
Loans and Related Allowance f43
Loans and Related Allowance for Loan Losses (Allowance for Loan Losses on Non-Covered Loans, Excluding PCI Loans, by Segment) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Allowance for loan losses, Beginning of Period | $ 9,267 | |||
Provision Allocation | ||||
Allowance for loan losses, End of Period | $ 9,701 | $ 9,701 | ||
Non Covered Loans [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Allowance for loan losses, Beginning of Period | 9,864 | $ 10,156 | $ 9,267 | $ 10,444 |
Provision Allocation | ||||
Charge-offs | (209) | (603) | $ (1,060) | $ (1,200) |
Recoveries | 46 | 211 | 1,494 | 520 |
Allowance for loan losses, End of Period | 9,701 | 9,764 | 9,701 | 9,764 |
Non Covered Loans [Member] | Mortgage Loans on Real Estate [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Allowance for loan losses, Beginning of Period | 9,194 | 8,551 | 7,913 | 8,771 |
Provision Allocation | (237) | 434 | 1,616 | 605 |
Charge-offs | (163) | (568) | (918) | (1,090) |
Recoveries | 19 | 25 | 202 | 156 |
Allowance for loan losses, End of Period | 8,813 | 8,442 | 8,813 | 8,442 |
Non Covered Loans [Member] | Commercial Loans [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Allowance for loan losses, Beginning of Period | 561 | 1,478 | 1,242 | 1,546 |
Provision Allocation | 200 | (435) | (1,689) | $ (621) |
Charge-offs | (3) | (3) | ||
Recoveries | 148 | 1,208 | $ 266 | |
Allowance for loan losses, End of Period | 758 | 1,191 | 758 | 1,191 |
Non Covered Loans [Member] | Consumer Installment Loans [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Allowance for loan losses, Beginning of Period | 78 | 102 | 85 | 101 |
Provision Allocation | 54 | (3) | 86 | 13 |
Charge-offs | (43) | (35) | (139) | (110) |
Recoveries | 27 | 38 | 84 | 98 |
Allowance for loan losses, End of Period | 116 | 102 | 116 | 102 |
Non Covered Loans [Member] | All Other Loans [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Allowance for loan losses, Beginning of Period | 31 | 25 | 27 | 26 |
Provision Allocation | (17) | 4 | $ (13) | $ 3 |
Charge-offs | ||||
Recoveries | ||||
Allowance for loan losses, End of Period | 14 | 29 | $ 14 | $ 29 |
Non Covered Loans [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Allowance for loan losses, Beginning of Period | 3,612 | 3,670 | 3,100 | 3,853 |
Provision Allocation | 82 | 8 | 837 | (112) |
Charge-offs | (25) | (501) | (325) | (611) |
Recoveries | 6 | 17 | 63 | 64 |
Allowance for loan losses, End of Period | 3,675 | 3,194 | 3,675 | 3,194 |
Non Covered Loans [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Allowance for loan losses, Beginning of Period | 3,559 | 2,919 | 2,618 | 2,333 |
Provision Allocation | (432) | 558 | $ 494 | 1,475 |
Charge-offs | (67) | (479) | ||
Recoveries | 9 | 8 | $ 24 | 89 |
Allowance for loan losses, End of Period | 3,136 | 3,418 | 3,136 | 3,418 |
Non Covered Loans [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Allowance for loan losses, Beginning of Period | 1,639 | 1,624 | 1,930 | 2,252 |
Provision Allocation | 195 | (171) | 341 | $ (800) |
Charge-offs | (138) | (593) | ||
Recoveries | 1 | 19 | $ 1 | |
Allowance for loan losses, End of Period | 1,697 | 1,453 | 1,697 | 1,453 |
Non Covered Loans [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Allowance for loan losses, Beginning of Period | 56 | 98 | 63 | 101 |
Provision Allocation | 21 | 29 | $ (79) | $ 24 |
Charge-offs | ||||
Recoveries | 3 | $ 96 | $ 2 | |
Allowance for loan losses, End of Period | 80 | 127 | 80 | 127 |
Non Covered Loans [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Allowance for loan losses, Beginning of Period | 251 | 176 | 136 | 151 |
Provision Allocation | (59) | 10 | $ 56 | $ 35 |
Charge-offs | ||||
Recoveries | ||||
Allowance for loan losses, End of Period | 192 | 186 | $ 192 | $ 186 |
Non Covered Loans [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||||
Allowance for loan losses, Beginning of Period | 77 | 64 | 66 | 81 |
Provision Allocation | (44) | $ (33) | $ (17) | |
Charge-offs | ||||
Recoveries | ||||
Allowance for loan losses, End of Period | $ 33 | $ 64 | $ 33 | $ 64 |
Loans and Related Allowance f44
Loans and Related Allowance for Loan Losses (Non-Covered Loans Evaluated for Impairment) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for Loan Losses | $ 9,701 | $ 9,267 | |
Total Loans | 693,002 | 660,020 | |
Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for Loan Losses, Individually Evaluated for Impairment | [1] | 1,693 | 1,840 |
Allowance for Loan Losses, Collectively Evaluated for Impairment | 8,008 | 7,427 | |
Allowance for Loan Losses | 9,701 | 9,267 | |
Recorded Investment in Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Recorded Investment in Loans, Individually Evaluated for Impairment | [1] | 18,422 | 25,467 |
Recorded Investment in Loans, Collectively Evaluated for Impairment | 674,580 | 634,553 | |
Total Loans | 693,002 | 660,020 | |
Mortgage Loans on Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans | 596,310 | 553,297 | |
Mortgage Loans on Real Estate [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for Loan Losses, Individually Evaluated for Impairment | [1] | 1,678 | 1,291 |
Allowance for Loan Losses, Collectively Evaluated for Impairment | 7,135 | 6,622 | |
Allowance for Loan Losses | 8,813 | 7,913 | |
Mortgage Loans on Real Estate [Member] | Recorded Investment in Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Recorded Investment in Loans, Individually Evaluated for Impairment | [1] | 18,278 | 17,586 |
Recorded Investment in Loans, Collectively Evaluated for Impairment | 578,032 | 535,711 | |
Total Loans | 596,310 | 553,297 | |
Commercial Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans | 90,295 | 99,783 | |
Commercial Loans [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for Loan Losses, Individually Evaluated for Impairment | [1] | 1 | 529 |
Allowance for Loan Losses, Collectively Evaluated for Impairment | 757 | 713 | |
Allowance for Loan Losses | 758 | 1,242 | |
Commercial Loans [Member] | Recorded Investment in Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Recorded Investment in Loans, Individually Evaluated for Impairment | [1] | 63 | 7,757 |
Recorded Investment in Loans, Collectively Evaluated for Impairment | 90,232 | 92,026 | |
Total Loans | 90,295 | 99,783 | |
Consumer Installment Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans | 5,005 | 5,496 | |
Consumer Installment Loans [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for Loan Losses, Individually Evaluated for Impairment | [1] | 14 | 20 |
Allowance for Loan Losses, Collectively Evaluated for Impairment | 102 | 65 | |
Allowance for Loan Losses | 116 | 85 | |
Consumer Installment Loans [Member] | Recorded Investment in Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Recorded Investment in Loans, Individually Evaluated for Impairment | [1] | 81 | 124 |
Recorded Investment in Loans, Collectively Evaluated for Impairment | 4,924 | 5,372 | |
Total Loans | 5,005 | 5,496 | |
All Other Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans | 1,392 | 1,444 | |
All Other Loans [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 14 | 27 | |
Allowance for Loan Losses | 14 | 27 | |
All Other Loans [Member] | Recorded Investment in Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 1,392 | 1,444 | |
Total Loans | 1,392 | 1,444 | |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans | 184,256 | 167,171 | |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for Loan Losses, Individually Evaluated for Impairment | [1] | 906 | 598 |
Allowance for Loan Losses, Collectively Evaluated for Impairment | 2,769 | 2,502 | |
Allowance for Loan Losses | 3,675 | 3,100 | |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | Recorded Investment in Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Recorded Investment in Loans, Individually Evaluated for Impairment | [1] | 7,354 | 7,307 |
Recorded Investment in Loans, Collectively Evaluated for Impairment | 176,902 | 159,864 | |
Total Loans | 184,256 | 167,171 | |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans | 288,111 | 282,127 | |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for Loan Losses, Individually Evaluated for Impairment | [1] | 105 | 54 |
Allowance for Loan Losses, Collectively Evaluated for Impairment | 3,031 | 2,564 | |
Allowance for Loan Losses | 3,136 | 2,618 | |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | Recorded Investment in Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Recorded Investment in Loans, Individually Evaluated for Impairment | [1] | 6,400 | 5,122 |
Recorded Investment in Loans, Collectively Evaluated for Impairment | 281,711 | 277,005 | |
Total Loans | 288,111 | 282,127 | |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans | 64,059 | 57,027 | |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for Loan Losses, Individually Evaluated for Impairment | [1] | 665 | 628 |
Allowance for Loan Losses, Collectively Evaluated for Impairment | 1,032 | 1,302 | |
Allowance for Loan Losses | 1,697 | 1,930 | |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | Recorded Investment in Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Recorded Investment in Loans, Individually Evaluated for Impairment | [1] | 4,511 | 5,096 |
Recorded Investment in Loans, Collectively Evaluated for Impairment | 59,548 | 51,931 | |
Total Loans | 64,059 | 57,027 | |
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans | 7,940 | 5,997 | |
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for Loan Losses, Individually Evaluated for Impairment | [1] | 2 | 11 |
Allowance for Loan Losses, Collectively Evaluated for Impairment | 78 | 52 | |
Allowance for Loan Losses | 80 | 63 | |
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | Recorded Investment in Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Recorded Investment in Loans, Individually Evaluated for Impairment | [1] | 13 | 61 |
Recorded Investment in Loans, Collectively Evaluated for Impairment | 7,927 | 5,936 | |
Total Loans | 7,940 | 5,997 | |
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans | 45,609 | 33,812 | |
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 192 | 136 | |
Allowance for Loan Losses | 192 | 136 | |
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | Recorded Investment in Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 45,609 | 33,812 | |
Total Loans | 45,609 | 33,812 | |
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans | 6,335 | 7,163 | |
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 33 | 66 | |
Allowance for Loan Losses | 33 | 66 | |
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | Recorded Investment in Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 6,335 | 7,163 | |
Total Loans | $ 6,335 | $ 7,163 | |
[1] | The category "Individually Evaluated for Impairment" includes loans individually evaluated for impairment and determined not to be impaired. These loans totalled $7.6 million and $8.6 million at September 30, 2015 and December 31, 2014, respectively. The allowance for loans losses allocated to these loans was $140,000 and $146,000 at September 30, 2015 and December 31, 2014, respectively. |
Loans and Related Allowance f45
Loans and Related Allowance for Loan Losses (Non-Covered Loans Evaluated for Impairment Footnote) (Details) - USD ($) | Sep. 30, 2015 | Dec. 31, 2014 |
Accounts Notes And Loans Receivable [Line Items] | ||
Individually evaluated for impairment | $ 7,600,000 | $ 8,600,000 |
Loans Determined not to be Impaired [Member] | ||
Accounts Notes And Loans Receivable [Line Items] | ||
Allowance for loans losses | $ 140,000 | $ 146,000 |
Loans and Related Allowance f46
Loans and Related Allowance for Loan Losses (Non-Covered Loans, Excluding PCI Loans, by Credit Quality Indicator) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | $ 693,002 | $ 660,020 |
Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 596,310 | 553,297 |
Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 90,295 | 99,783 |
Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 5,005 | 5,496 |
All Other Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 1,392 | 1,444 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 184,256 | 167,171 |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 288,111 | 282,127 |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 64,059 | 57,027 |
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 7,940 | 5,997 |
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 45,609 | 33,812 |
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 6,335 | 7,163 |
Non-Covered Loans Excluding PCI Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 693,002 | 660,020 |
Non-Covered Loans Excluding PCI Loans [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 596,310 | 553,297 |
Non-Covered Loans Excluding PCI Loans [Member] | Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 90,295 | 99,783 |
Non-Covered Loans Excluding PCI Loans [Member] | Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 5,005 | 5,496 |
Non-Covered Loans Excluding PCI Loans [Member] | All Other Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 1,392 | 1,444 |
Non-Covered Loans Excluding PCI Loans [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 184,256 | 167,171 |
Non-Covered Loans Excluding PCI Loans [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 288,111 | 282,127 |
Non-Covered Loans Excluding PCI Loans [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 64,059 | 57,027 |
Non-Covered Loans Excluding PCI Loans [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 7,940 | 5,997 |
Non-Covered Loans Excluding PCI Loans [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 45,609 | 33,812 |
Non-Covered Loans Excluding PCI Loans [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 6,335 | 7,163 |
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 611,415 | 616,004 |
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 565,841 | 519,174 |
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 89,282 | 90,035 |
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 4,900 | 5,351 |
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | All Other Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 1,392 | 1,444 |
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 172,184 | 153,699 |
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 276,211 | 268,391 |
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 59,109 | 51,473 |
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 6,518 | 4,636 |
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 45,609 | 33,812 |
Non-Covered Loans Excluding PCI Loans [Member] | Pass [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 6,210 | 7,163 |
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 17,977 | 21,835 |
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 16,966 | 19,823 |
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 950 | 1,991 |
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 61 | 21 |
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 6,277 | 7,540 |
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 8,716 | 10,363 |
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 439 | 620 |
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 1,409 | 1,300 |
Non-Covered Loans Excluding PCI Loans [Member] | Special Mention [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 125 | |
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 13,610 | 22,181 |
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 13,503 | 14,300 |
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 63 | 7,757 |
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member] | Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 44 | 124 |
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 5,795 | 5,932 |
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 3,184 | 3,373 |
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 4,511 | 4,934 |
Non-Covered Loans Excluding PCI Loans [Member] | Substandard [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | $ 13 | $ 61 |
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | ||
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | ||
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | ||
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | ||
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | All Other Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | ||
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | ||
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | ||
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | ||
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | ||
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | ||
Non-Covered Loans Excluding PCI Loans [Member] | Doubtful [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans |
PCI Loans and Related Allowan47
PCI Loans and Related Allowance for Loan Losses (Narrative) (Detail) - USD ($) | 3 Months Ended | ||||||||
Mar. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jan. 30, 2009 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||
Allowance for loan losses previously reported as covered by FDIC | $ 484,000 | $ 484,000 | |||||||
Allowance for loan losses | 9,701,000 | 9,267,000 | |||||||
Residential 1-4 Family [Member] | |||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||
Allowance for loan losses previously reported as covered by FDIC | 386,000 | ||||||||
Covered Loans [Member] | |||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||
Carrying value | $ 198,300,000 | ||||||||
Loans met criteria of ASC 310-30 | 49,100,000 | ||||||||
Outstanding contractual balance of covered loans other than 1-4 family loans | 94,000,000 | 104,000,000 | |||||||
Covered Loans [Member] | Residential 1-4 Family [Member] | |||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||
Remaining of loans acquired | $ 149,100,000 | ||||||||
Non Covered Loans [Member] | |||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||
Carrying value | $ 5,500,000 | ||||||||
Outstanding contractual balance of covered loans other than 1-4 family loans | $ 10,000,000 | ||||||||
Allowance for loan losses | $ 9,701,000 | $ 9,864,000 | $ 9,267,000 | $ 9,764,000 | $ 10,156,000 | $ 10,444,000 | |||
PCI Loans [Member] | Non Covered Loans [Member] | |||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||||||
Transfer of PCI loans to covered\non-covered loans | $ 98,000 |
PCI Loans and Related Allowan48
PCI Loans and Related Allowance for Loan Losses (Summary of Covered Loans) (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Purchased credit impaired loans | $ 61,073 | $ 67,460 |
Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Purchased credit impaired loans | 61,073 | 67,460 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Purchased credit impaired loans | 54,620 | 60,171 |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Purchased credit impaired loans | 865 | 1,148 |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Purchased credit impaired loans | 2,365 | 2,456 |
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Purchased credit impaired loans | 2,945 | 3,409 |
Multifamily [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Purchased credit impaired loans | 278 | 276 |
Purchase Credit Impaired (PCI) Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Purchased credit impaired loans | $ 61,073 | $ 67,460 |
Percent of purchased credit impaired loan | 100.00% | 100.00% |
Purchase Credit Impaired (PCI) Loans [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Purchased credit impaired loans | $ 61,073 | $ 67,460 |
Percent of purchased credit impaired loan | 100.00% | 100.00% |
Purchase Credit Impaired (PCI) Loans [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Purchased credit impaired loans | $ 54,620 | $ 60,171 |
Percent of purchased credit impaired loan | 89.43% | 89.20% |
Purchase Credit Impaired (PCI) Loans [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Purchased credit impaired loans | $ 865 | $ 1,148 |
Percent of purchased credit impaired loan | 1.42% | 1.70% |
Purchase Credit Impaired (PCI) Loans [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Purchased credit impaired loans | $ 2,365 | $ 2,456 |
Percent of purchased credit impaired loan | 3.87% | 3.64% |
Purchase Credit Impaired (PCI) Loans [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Purchased credit impaired loans | $ 2,945 | $ 3,409 |
Percent of purchased credit impaired loan | 4.82% | 5.05% |
Purchase Credit Impaired (PCI) Loans [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Purchased credit impaired loans | $ 278 | $ 276 |
Percent of purchased credit impaired loan | 0.46% | 0.41% |
Scenario, Previously Reported [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Purchased credit impaired loans | $ 62,744 | |
Scenario, Previously Reported [Member] | Purchase Credit Impaired (PCI) Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Purchased credit impaired loans | $ 61,073 | 4,716 |
Purchased credit impaired loans previously reported as covered by the FDIC | $ 62,744 |
PCI Loans and Related Allowan49
PCI Loans and Related Allowance for Loan Losses (Schedule of Interest Income on PCI Loans) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Financing Receivable Recorded Investment [Line Items] | ||||
Interest income on purchased credit impaired loans | $ 1,730 | $ 2,646 | $ 6,221 | $ 9,058 |
Purchase Credit Impaired (PCI) Loans [Member] | ||||
Financing Receivable Recorded Investment [Line Items] | ||||
Interest income on purchased credit impaired loans | $ 1,730 | 202 | $ 6,221 | 388 |
Scenario, Previously Reported [Member] | Purchase Credit Impaired (PCI) Loans [Member] | ||||
Financing Receivable Recorded Investment [Line Items] | ||||
Interest income on purchased credit impaired loans | $ 2,444 | $ 8,670 |
PCI Loans and Related Allowan50
PCI Loans and Related Allowance for Loan Losses (Summary of Covered Loans Collectively Evaluated for Impairment in the Allowance for Loan Losses) (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses | $ 484 | $ 484 |
Recorded investment in loans | $ 61,073 | $ 67,460 |
Multifamily [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses | ||
Recorded investment in loans | $ 278 | $ 276 |
Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses | 484 | 484 |
Recorded investment in loans | 61,073 | 67,460 |
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses | 386 | 386 |
Recorded investment in loans | 54,620 | 60,171 |
Mortgage Loans on Real Estate [Member] | Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses | 98 | 98 |
Recorded investment in loans | $ 865 | $ 1,148 |
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses | ||
Recorded investment in loans | $ 2,365 | $ 2,456 |
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses | ||
Recorded investment in loans | $ 2,945 | $ 3,409 |
Purchase Credit Impaired (PCI) Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded investment in loans | 61,073 | 67,460 |
Purchase Credit Impaired (PCI) Loans [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded investment in loans | 61,073 | 67,460 |
Purchase Credit Impaired (PCI) Loans [Member] | Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded investment in loans | 54,620 | 60,171 |
Purchase Credit Impaired (PCI) Loans [Member] | Mortgage Loans on Real Estate [Member] | Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded investment in loans | 865 | 1,148 |
Purchase Credit Impaired (PCI) Loans [Member] | Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded investment in loans | 2,365 | 2,456 |
Purchase Credit Impaired (PCI) Loans [Member] | Mortgage Loans on Real Estate [Member] | Second Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded investment in loans | 2,945 | 3,409 |
Purchase Credit Impaired (PCI) Loans [Member] | Mortgage Loans on Real Estate [Member] | Multifamily [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded investment in loans | $ 278 | 276 |
Scenario, Previously Reported [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses | 386 | |
Recorded investment in loans | 62,744 | |
Scenario, Previously Reported [Member] | Purchase Credit Impaired (PCI) Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses | $ 484 | 98 |
Recorded investment in loans | $ 61,073 | $ 4,716 |
PCI Loans and Related Allowan51
PCI Loans and Related Allowance for Loan Losses (Summary of Changes in Accretable Yield) (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2015 | Dec. 31, 2014 | |
Accretable Yield [Line Items] | ||
Beginning Balance | $ 51,082 | $ 51,515 |
Accretion | (6,171) | |
Reclassification from nonaccretable yield | 5,764 | |
Ending Balance | 50,675 | 51,082 |
Purchase Credit Impaired (PCI) Loans [Member] | ||
Accretable Yield [Line Items] | ||
Beginning Balance | 5,071 | |
Accretion | (554) | |
Reclassification from nonaccretable yield | 852 | |
Ending Balance | 5,071 | |
Purchase Credit Impaired (PCI) Loans [Member] | Scenario, Previously Reported [Member] | ||
Accretable Yield [Line Items] | ||
Beginning Balance | $ 46,011 | |
Accretion | (10,650) | |
Reclassification from nonaccretable yield | 9,919 | |
Ending Balance | $ 46,011 |
FDIC Agreements and FDIC Inde52
FDIC Agreements and FDIC Indemnification Asset (Narrative) (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
FDIC Agreements and FDIC Indemnification Asset [Abstract] | |||||
Percentage of losses reimbursed by FDIC to bank arising from covered loans and foreclosed real estate assets | 80.00% | ||||
Losses on covered loans and foreclosed real estate assets benchmark | $ 118,000,000 | $ 118,000,000 | |||
Percentage of losses reimbursed by FDIC to bank on covered loans and foreclosed real estate assets after benchmark | 95.00% | ||||
FDIC indemnification asset | $ 13,100,000 | $ 18,609,000 | $ 25,409,000 | ||
Proceeds from early termination of shared-loss agreement | 3,100,000 | ||||
FDIC receivable | $ 775,000 | $ 775,000 |
FDIC Agreements and FDIC Inde53
FDIC Agreements and FDIC Indemnification Asset (Summary Balances of FDIC Indemnification Asset) (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2015 | Dec. 31, 2014 | |
Fdic Agreements And Fdic Indemnification Asset [Line Items] | ||
Beginning Balance | $ 18,609 | $ 25,409 |
Increases: | ||
Writedown of OREO property to FMV | 27 | |
Decreases: | ||
Net amortization of premium | (3,104) | (5,795) |
Charge-off due to termination of shared-loss agreement | (13,091) | |
Reclassifications to FDIC receivable: | ||
Net loan charge-offs and recoveries | (69) | |
Net loan charge-offs and recoveries | 27 | |
OREO sales | (105) | (868) |
Reimbursements requested from FDIC | (2,336) | (95) |
Ending Balance | 18,609 | |
Anticipated Expected Losses [Member] | ||
Fdic Agreements And Fdic Indemnification Asset [Line Items] | ||
Beginning Balance | 5,551 | 13,514 |
Increases: | ||
Writedown of OREO property to FMV | 34 | |
Reclassifications to FDIC receivable: | ||
Net loan charge-offs and recoveries | (87) | |
Net loan charge-offs and recoveries | 34 | |
OREO sales | (131) | (1,085) |
Reimbursements requested from FDIC | (2,920) | (118) |
Reforecasted change in anticipated expected losses | (2,534) | (6,707) |
Ending Balance | 5,551 | |
Estimated Loss Sharing Value [Member] | ||
Fdic Agreements And Fdic Indemnification Asset [Line Items] | ||
Beginning Balance | 4,441 | 10,811 |
Increases: | ||
Writedown of OREO property to FMV | 27 | |
Reclassifications to FDIC receivable: | ||
Net loan charge-offs and recoveries | (69) | |
Net loan charge-offs and recoveries | 27 | |
OREO sales | (105) | (868) |
Reimbursements requested from FDIC | (2,336) | (95) |
Reforecasted change in anticipated expected losses | (2,027) | (5,365) |
Ending Balance | 4,441 | |
Amortizable Premium (Discount) at Present Value [Member] | ||
Fdic Agreements And Fdic Indemnification Asset [Line Items] | ||
Beginning Balance | 14,168 | 14,598 |
Decreases: | ||
Net amortization of premium | (3,104) | (5,795) |
Charge-off due to termination of shared-loss agreement | (13,091) | |
Reclassifications to FDIC receivable: | ||
Reforecasted change in anticipated expected losses | $ 2,027 | 5,365 |
Ending Balance | $ 14,168 |
Other Real Estate Owned (Schedu
Other Real Estate Owned (Schedule of Other Real Estate Owned) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Mortgage Loans on Real Estate [Line Items] | ||
Other real estate owned | $ 5,858 | $ 5,724 |
Other real estate owned, covered by FDIC | (5,858) | (7,743) |
Residential 1-4 Family [Member] | ||
Mortgage Loans on Real Estate [Line Items] | ||
Residential 1-4 family loans and purchased credit impaired loans in the process of foreclosure | 1,300 | |
Mortgage Loans on Real Estate [Member] | ||
Mortgage Loans on Real Estate [Line Items] | ||
Other real estate owned | 5,858 | 7,743 |
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | ||
Mortgage Loans on Real Estate [Line Items] | ||
Other real estate owned | 1,491 | 2,339 |
Mortgage Loans on Real Estate [Member] | Commercial [Member] | ||
Mortgage Loans on Real Estate [Line Items] | ||
Other real estate owned | 679 | 1,868 |
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | ||
Mortgage Loans on Real Estate [Line Items] | ||
Other real estate owned | $ 3,688 | 3,536 |
Scenario, Previously Reported [Member] | ||
Mortgage Loans on Real Estate [Line Items] | ||
Other real estate owned, covered by FDIC | $ (2,019) |
Deposits (Summary of Interest B
Deposits (Summary of Interest Bearing Deposits) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Deposits [Abstract] | ||
NOW | $ 112,277 | $ 123,682 |
MMDA | 109,748 | 101,784 |
Savings | 87,368 | 78,478 |
Time deposits less than $250,000 | 407,765 | 416,628 |
Time deposits $250,000 and over | 116,858 | 113,809 |
Total interest bearing deposits | $ 834,016 | $ 834,381 |
Accumulated Other Comprehensi56
Accumulated Other Comprehensive Income (Loss) (Summary of Accumulated Other Comprehensive (Loss) Income) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | $ (1,087) | $ (600) | $ 664 | $ (4,109) |
Other comprehensive income (loss) before reclassifications | 1,386 | 580 | (174) | 4,339 |
Amounts reclassified from AOCI | (49) | (76) | (240) | (326) |
Net current period other comprehensive income (loss) | 1,337 | 504 | (414) | 4,013 |
Ending balance | 250 | (96) | 250 | (96) |
Unrealized Gain (Loss) on Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | (192) | (445) | 1,452 | (3,954) |
Other comprehensive income (loss) before reclassifications | 1,698 | 580 | 245 | 4,339 |
Amounts reclassified from AOCI | (49) | (76) | (240) | (326) |
Net current period other comprehensive income (loss) | 1,649 | 504 | 5 | 4,013 |
Ending balance | 1,457 | 59 | 1,457 | 59 |
Defined Benefit Pension Plan [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | $ (811) | $ (155) | $ (811) | (155) |
Other comprehensive income (loss) before reclassifications | ||||
Amounts reclassified from AOCI | ||||
Net current period other comprehensive income (loss) | ||||
Ending balance | $ (811) | $ (155) | $ (811) | $ (155) |
Gain (Loss) on Cash Flow Hedges [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | (84) | 23 | ||
Other comprehensive income (loss) before reclassifications | $ (312) | $ (419) | ||
Amounts reclassified from AOCI | ||||
Net current period other comprehensive income (loss) | $ (312) | $ (419) | ||
Ending balance | $ (396) | $ (396) |
Accumulated Other Comprehensi57
Accumulated Other Comprehensive Income (Loss) (Effects of Reclassifications Out of AOCI) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Gain on securities transactions, net | $ 74 | $ 115 | $ 363 | $ 494 |
Income tax (benefit) expense | 4,215 | (697) | 3,331 | (2,055) |
Total amount recognized | (49) | (76) | (240) | (326) |
Unrealized Gain (Loss) on Securities [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Total amount recognized | $ (49) | $ (76) | $ (240) | (326) |
Defined Benefit Pension Plan [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Total amount recognized | ||||
Amount Reclassified from AOCI [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Income tax (benefit) expense | $ 25 | $ 39 | $ 123 | 168 |
Total amount recognized | (49) | (240) | (326) | |
Amount Reclassified from AOCI [Member] | Unrealized Gain (Loss) on Securities [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Gain on securities transactions, net | $ (74) | $ (115) | $ (363) | $ (494) |
Fair Values of Assets and Lia58
Fair Values of Assets and Liabilities (Narrative) (Details) | 9 Months Ended |
Sep. 30, 2015USD ($) | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |
Fair value appraisal minimum period | 12 months |
Minimum [Member] | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |
Eligibility criteria of classified loans for appraisal by professional appraiser | $ 250,000 |
Fair Values of Assets and Lia59
Fair Values of Assets and Liabilities (Assets and Liabilities Recorded at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 266,961 | $ 274,568 |
U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 57,027 | $ 98,707 |
U.S. Gov't Sponsored Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 746 | |
State, County and Municipal [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 145,873 | $ 137,477 |
Corporate and Other Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 20,116 | 11,883 |
Mortgage Backed - U.S. Gov't Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 8,668 | 2,258 |
Mortgage Backed - U.S. Gov't Sponsored Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 34,531 | 24,243 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 266,961 | 274,568 |
Loans held for sale | 673 | 200 |
Cash flow hedge | 23 | |
Total assets at fair value | 267,634 | $ 274,791 |
Cash flow hedge | (599) | |
Total liabilities at fair value | (599) | |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 62,370 | $ 100,060 |
Loans held for sale | ||
Cash flow hedge | ||
Total assets at fair value | $ 62,370 | $ 100,060 |
Cash flow hedge | ||
Total liabilities at fair value | ||
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 204,591 | $ 174,508 |
Loans held for sale | 673 | 200 |
Cash flow hedge | 23 | |
Total assets at fair value | 205,264 | $ 174,731 |
Cash flow hedge | (599) | |
Total liabilities at fair value | $ (599) | |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | ||
Loans held for sale | ||
Cash flow hedge | ||
Total assets at fair value | ||
Cash flow hedge | ||
Total liabilities at fair value | ||
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 57,027 | $ 98,707 |
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 50,355 | 94,464 |
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 6,672 | $ 4,243 |
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | ||
Fair Value, Measurements, Recurring [Member] | U.S. Gov't Sponsored Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 746 | |
Fair Value, Measurements, Recurring [Member] | U.S. Gov't Sponsored Agencies [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | ||
Fair Value, Measurements, Recurring [Member] | U.S. Gov't Sponsored Agencies [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 746 | |
Fair Value, Measurements, Recurring [Member] | U.S. Gov't Sponsored Agencies [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | ||
Fair Value, Measurements, Recurring [Member] | State, County and Municipal [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 145,873 | $ 137,477 |
Fair Value, Measurements, Recurring [Member] | State, County and Municipal [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 245 | 5,596 |
Fair Value, Measurements, Recurring [Member] | State, County and Municipal [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 145,628 | $ 131,881 |
Fair Value, Measurements, Recurring [Member] | State, County and Municipal [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | ||
Fair Value, Measurements, Recurring [Member] | Corporate and Other Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 20,116 | $ 11,883 |
Fair Value, Measurements, Recurring [Member] | Corporate and Other Bonds [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | ||
Fair Value, Measurements, Recurring [Member] | Corporate and Other Bonds [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 20,116 | $ 11,883 |
Fair Value, Measurements, Recurring [Member] | Corporate and Other Bonds [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | ||
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 8,668 | $ 2,258 |
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Agencies [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 4,524 | |
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Agencies [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 4,144 | $ 2,258 |
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Agencies [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | ||
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Sponsored Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 34,531 | $ 24,243 |
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Sponsored Agencies [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 7,246 | |
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Sponsored Agencies [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 27,285 | $ 24,243 |
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Sponsored Agencies [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale |
Fair Values of Assets and Lia60
Fair Values of Assets and Liabilities (Assets and Liabilities Measured at Fair Value on Nonrecurring Basis) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Bank premises and equipment held for sale | $ 2,228 | $ 465 |
Other real estate owned | 5,858 | 7,743 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 8,604 | 14,286 |
Bank premises and equipment held for sale | 2,228 | |
Other real estate owned (OREO) | 5,858 | 7,743 |
Total assets at fair value | 16,690 | 22,029 |
Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 1,212 | |
Bank premises and equipment held for sale | 2,118 | |
Total assets at fair value | 3,330 | |
Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 7,392 | 14,286 |
Bank premises and equipment held for sale | 110 | |
Other real estate owned (OREO) | 5,858 | 7,743 |
Total assets at fair value | $ 13,360 | $ 22,029 |
Fair Values of Assets and Lia61
Fair Values of Assets and Liabilities (Summary of Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Financial assets: | ||||
Securities held to maturity | $ 39,773 | $ 37,539 | ||
FDIC indemnification asset | $ 13,100 | 18,609 | $ 25,409 | |
Financial liabilities: | ||||
Interest bearing deposits | 834,016 | 834,381 | ||
Carrying Value [Member] | ||||
Financial assets: | ||||
Securities held to maturity | 38,732 | 36,197 | ||
Loans, non-covered | 683,301 | 650,754 | ||
Loans, covered | 60,589 | 66,975 | ||
FDIC indemnification asset | 18,609 | |||
Financial liabilities: | ||||
Interest bearing deposits | 834,016 | 834,381 | ||
Long-term borrowings | 106,444 | 110,205 | ||
Estimated Fair Value [Member] | ||||
Financial assets: | ||||
Securities held to maturity | 39,773 | 37,539 | ||
Loans, non-covered | 686,119 | 656,931 | ||
Loans, covered | 67,662 | 74,358 | ||
FDIC indemnification asset | 4,242 | |||
Financial liabilities: | ||||
Interest bearing deposits | 835,535 | 836,658 | ||
Long-term borrowings | $ 106,593 | $ 110,218 | ||
Estimated Fair Value [Member] | Level 1 [Member] | ||||
Financial assets: | ||||
Securities held to maturity | ||||
Loans, non-covered | ||||
Loans, covered | ||||
FDIC indemnification asset | ||||
Financial liabilities: | ||||
Interest bearing deposits | ||||
Long-term borrowings | ||||
Estimated Fair Value [Member] | Level 2 [Member] | ||||
Financial assets: | ||||
Securities held to maturity | $ 39,773 | $ 37,539 | ||
Loans, non-covered | $ 678,727 | $ 642,645 | ||
Loans, covered | ||||
FDIC indemnification asset | ||||
Financial liabilities: | ||||
Interest bearing deposits | $ 835,535 | $ 836,658 | ||
Long-term borrowings | $ 106,593 | $ 110,218 | ||
Estimated Fair Value [Member] | Level 3 [Member] | ||||
Financial assets: | ||||
Securities held to maturity | ||||
Loans, non-covered | $ 7,392 | $ 14,286 | ||
Loans, covered | $ 67,662 | 74,358 | ||
FDIC indemnification asset | $ 4,242 | |||
Financial liabilities: | ||||
Interest bearing deposits | ||||
Long-term borrowings |
Earnings (Loss) Per Common Sh62
Earnings (Loss) Per Common Share (Narrative) (Details) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Earnings (Loss) Per Common Share [Abstract] | ||||
Anti-dilutive common shares | 1,000,000 | 30,000 | 1,000,000 | 30,000 |
Earnings (Loss) Per Common Sh63
Earnings (Loss) Per Common Share (Computation of Earnings per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Earnings (Loss) Per Common Share [Abstract] | ||||
Basic EPS, Net Income Available to Common Shareholders (Numerator) | $ (7,716) | $ 1,813 | $ (4,711) | $ 5,010 |
Effect of dilutive stock awards, Net Income Available to Common Shareholders (Numerator) | ||||
Diluted EPS, Net Income Available to Common Shareholders (Numerator) | $ (7,716) | $ 1,813 | $ (4,711) | $ 5,010 |
Basic EPS , Weighted Average Common Shares (Denominator) | 21,835 | 21,764 | 21,819 | 21,745 |
Effect of dilutive stock awards, Weighted Average Common Shares (Denominator) | 223 | 219 | ||
Diluted EPS, Weighted Average Common Shares (Denominator) | 21,835 | 21,987 | 21,819 | 21,964 |
Basic EPS, Per Common Share Amount | $ (0.35) | $ 0.08 | $ (0.21) | $ 0.23 |
Effect of dilutive stock awards, Per Common Share Amount | ||||
Diluted EPS, Per Common Share Amount | $ (0.35) | $ 0.08 | $ (0.21) | $ 0.23 |
Employee Benefit Plan (Componen
Employee Benefit Plan (Components of Net Periodic Benefit Cost for Plan) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Employee Benefit Plan [Abstract] | ||||
Interest cost | $ 47 | $ 55 | $ 141 | $ 167 |
Expected return on plan assets | (88) | (99) | (264) | (297) |
Amortization of prior service cost | 1 | 1 | 3 | 3 |
Recognized net actuarial loss | 11 | 3 | 33 | 9 |
Net periodic (benefit) cost | $ (29) | $ (40) | $ (87) | $ (118) |
Cash Flow Hedge (Narrative) (De
Cash Flow Hedge (Narrative) (Details) - Interest Rate Swap [Member] - Cash Flow Hedging [Member] - USD ($) | 9 Months Ended | |
Sep. 30, 2015 | Nov. 07, 2014 | |
Derivative notional amount | $ 30,000,000 | |
Derivative interest rate | 1.69% | |
Derivative term | 5 years | |
Cash pledged as collateral | $ 530,000 | |
Cash flow hedge, liability | $ 599,000 |
Branch Sale (Narrative) (Detail
Branch Sale (Narrative) (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2015 | Dec. 31, 2014 | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||
Fair market value of office sold | $ 2,228,000 | $ 465,000 |
Crofton Branch [Member] | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||
Bank premises and equipment held for sale before write down | 2,500,000 | |
Amount property was written down | 383,000 | |
Fair market value of office sold | $ 2,100,000 | |
Lease term | 5 years | |
Annual lease payments | $ 105,000 | |
Percentage of office space leased | 14.00% | |
Date of completion of branch sale | Nov. 6, 2015 | |
Crofton Branch Additional Office Space [Member] | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||
Annual lease payments | $ 45,000 | |
Percentage of office space leased | 11.00% | |
Cantonsville Branch [Member] | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||
Amount property was written down | $ 301,000 | |
Fair market value of office sold | $ 110,000 |