Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2014 | Apr. 30, 2014 | |
Document Information [Line Items] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 31-Mar-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Trading Symbol | 'HBMD | ' |
Entity Common Stock, Shares Outstanding | ' | 4,090,402 |
Entity Registrant Name | 'Howard Bancorp Inc | ' |
Entity Central Index Key | '0001390162 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $19,222 | $23,282 |
Federal funds sold | 5,754 | 12,454 |
Total cash and cash equivalents | 24,976 | 35,736 |
Securities available-for-sale | 20,673 | 28,688 |
Nonmarketable equity securities | 2,475 | 2,282 |
Loans held for sale | 17,034 | 3,298 |
Loans and leases, net of unearned income | 416,632 | 403,875 |
Allowance for credit losses | -2,700 | -2,506 |
Net loans and leases | 413,932 | 401,369 |
Bank premises and equipment, net | 11,263 | 10,842 |
Core deposit intangible | 322 | 342 |
Bank owned life insurance | 11,375 | 11,282 |
Other real estate owned | 2,377 | 2,377 |
Deferred income taxes | 1,377 | 1,125 |
Interest receivable and other assets | 2,207 | 2,577 |
Total assets | 508,011 | 499,918 |
LIABILITIES | ' | ' |
Noninterest-bearing deposits | 93,833 | 89,759 |
Interest-bearing deposits | 307,465 | 299,190 |
Total deposits | 401,298 | 388,949 |
Short-term borrowings | 35,627 | 45,658 |
Long-term borrowings | 21,500 | 16,000 |
Accrued expenses and other liabilities | 698 | 687 |
Total liabilities | 459,123 | 451,294 |
COMMITMENTS AND CONTINGENCIES | ' | ' |
SHAREHOLDERS' EQUITY | ' | ' |
Preferred stock—par value $0.01 (liquidation preference of $1,000 per share) authorized 5,000,000; shares issued and outstanding 12,562 series AA at March 31, 2014 and December 31, 2013, net of issuance cost | 12,562 | 12,562 |
Common stock - par value of $0.01 authorized 10,000,000 shares; issued and outstanding 4,090,402 shares at March 31, 2014 and 4,095,650 December 31, 2013 | 41 | 41 |
Capital surplus | 37,634 | 37,607 |
Accumulated deficit | -1,355 | -1,590 |
Accumulated other comprehensive income | 6 | 4 |
Total shareholders' equity | 48,888 | 48,624 |
Total liabilities and shareholders' equity | $508,011 | $499,918 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets [Parenthetical] (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Preferred stock, par value (in dollars per share) | $0.01 | $0.01 |
Preferred stock, liquidation preference (in dollars per share) | $1,000 | $1,000 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | 12,562 | 12,562 |
Preferred stock, shares outstanding | 12,562 | 12,562 |
Common stock, par value (in dollars per share) | $0.01 | $0.01 |
Common stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, shares issued | 4,090,402 | 4,095,650 |
Common stock, shares outstanding | 4,090,402 | 4,095,650 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
INTEREST INCOME | ' | ' |
Interest and fees on loans | $4,899 | $3,956 |
Interest and dividends on securities | 30 | 22 |
Other interest income | 14 | 11 |
Total interest income | 4,943 | 3,989 |
INTEREST EXPENSE | ' | ' |
Deposits | 441 | 388 |
Short-term borrowings | 31 | 30 |
Long-term borrowings | 43 | 21 |
Total interest expense | 515 | 439 |
NET INTEREST INCOME | 4,428 | 3,550 |
Provision for credit losses | 176 | 361 |
Net interest income after provision for credit losses | 4,252 | 3,189 |
NONINTEREST INCOME | ' | ' |
Service charges on deposit accounts | 154 | 86 |
Gains on the sale of loans | 150 | 108 |
Loss on the sale of other real estate owned | 0 | -37 |
Income from bank owned life insurance | 92 | 67 |
Other operating income | 227 | 103 |
Total noninterest income | 623 | 327 |
NONINTEREST EXPENSE | ' | ' |
Compensation and benefits | 2,760 | 1,592 |
Occupancy and equipment | 470 | 388 |
Amortization of core deposit intangible | 20 | 0 |
Marketing and business development | 261 | 133 |
Professional fees | 230 | 146 |
Data processing fees | 144 | 116 |
FDIC Assessment | 82 | 77 |
Provision for other real estate owned | 0 | 0 |
Other operating expense | 526 | 300 |
Total noninterest expense | 4,493 | 2,752 |
INCOME BEFORE INCOME TAXES | 382 | 764 |
Income tax expense | 116 | 281 |
NET INCOME | 266 | 483 |
Preferred stock dividends | 31 | 69 |
Net income available to common shareholders | $235 | $414 |
NET INCOME PER COMMON SHARE | ' | ' |
Basic (in dollars per share) | $0.06 | $0.10 |
Diluted (in dollars per share) | $0.06 | $0.10 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Net Income | $266 | $483 |
Other comprehensive income Investments available-for-sale: | ' | ' |
Unrealized holding gains (losses) | 3 | -12 |
Related income tax (expense) benefit | -1 | 5 |
Comprehensive income | $268 | $476 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Shareholders' Equity (USD $) | Total | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
In Thousands, except Share data, unless otherwise specified | ||||||
Balance at Dec. 31, 2012 | $46,721 | $12,562 | $40 | $37,484 | ($3,386) | $21 |
Balance (in shares) at Dec. 31, 2012 | ' | ' | 4,040,471 | ' | ' | ' |
Net income | 483 | 0 | 0 | 0 | 483 | 0 |
Net unrealized loss on securities | -7 | 0 | 0 | 0 | 0 | -7 |
Dividends paid on preferred stock | -69 | 0 | 0 | 0 | -69 | 0 |
Balance at Mar. 31, 2013 | 47,127 | 12,562 | 40 | 37,484 | -2,973 | 14 |
Balance (in shares) at Mar. 31, 2013 | ' | ' | 4,040,471 | ' | ' | ' |
Balance at Dec. 31, 2013 | 48,624 | 12,562 | 41 | 37,607 | -1,590 | 4 |
Balance (in shares) at Dec. 31, 2013 | ' | ' | 4,095,650 | ' | ' | ' |
Net income | 266 | 0 | 0 | 0 | 266 | 0 |
Net unrealized loss on securities | 2 | 0 | 0 | 0 | 0 | 2 |
Dividends paid on preferred stock | -31 | 0 | 0 | 0 | -31 | 0 |
Forfeited stock-based compensation | 14 | 0 | 0 | 14 | 0 | 0 |
Forfeited stock-based compensation (in shares) | ' | ' | -6,668 | ' | ' | ' |
Issuance of common stock: | ' | ' | ' | ' | ' | ' |
Stock awards | 13 | 0 | 0 | 13 | 0 | 0 |
Stock awards (in shares) | ' | ' | 1,420 | ' | ' | ' |
Balance at Mar. 31, 2014 | $48,888 | $12,562 | $41 | $37,634 | ($1,355) | $6 |
Balance (in shares) at Mar. 31, 2014 | ' | ' | 4,090,402 | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net income | $266 | $483 |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: | ' | ' |
Provision for credit losses | 176 | 361 |
Deferred income taxes (benefit) | -253 | -119 |
Depreciation | 174 | 146 |
Stock-based compensation | 27 | 0 |
Net accretion of investment securities | 0 | 12 |
Net amortization of intangible asset | 20 | 0 |
Loans originated for sale | -25,744 | -4,205 |
Proceeds from sales of loans | 13,098 | 4,730 |
Gains on sales of loans | -150 | -108 |
Loss on sales of other real estate owned, net | 0 | 37 |
Cash surrender value of BOLI | -92 | -67 |
Decrease in interest receivable | -51 | -37 |
Increase in interest payable | 18 | 4 |
Decrease (increase) in other assets | 225 | -305 |
Decrease in other liabilities | -5 | -88 |
Net cash (used in) provided by operating activities | -12,291 | 844 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Purchases of investment securities available-for-sale | 0 | -5,000 |
Proceeds from maturities of investment securities available-for-sale | 8,017 | 14,534 |
Net increase in loans and leases outstanding | -13,818 | -8,932 |
Purchase of bank owned life insurance | 0 | -8,000 |
Proceeds from the sale of other real estate owned | 0 | 141 |
Purchase of premises and equipment | -594 | -11 |
Net cash used in investing activities | -6,395 | -7,268 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Net increase (decrease) in noninterest-bearing deposits | 4,073 | -6,008 |
Net increase in interest-bearing deposits | 8,415 | 14,567 |
Net decrease in short-term borrowings | -10,031 | -5,236 |
Proceeds from issuance of long-term debt | 7,500 | 4,000 |
Repayment of long-term debt | -2,000 | -2,000 |
Cash dividends on preferred stock | -31 | -69 |
Net cash provided by financing activities | 7,926 | 5,254 |
Net decrease in cash and cash equivalents | -10,760 | -1,170 |
Cash and cash equivalents at beginning of period | 35,736 | 36,361 |
Cash and cash equivalents at end of period | 24,976 | 35,191 |
SUPPLEMENTAL INFORMATION | ' | ' |
Cash payments for interest | 497 | 434 |
Cash payments for income taxes | 0 | 0 |
Transferred from loans to other real estate owned | $0 | $0 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | ' |
Note 1: Summary of Significant Accounting Policies | |
Nature of Operations | |
On December 15, 2005, Howard Bancorp, Inc. (“Bancorp”) acquired all of the stock and became the holding company of Howard Bank (the “Bank”) pursuant to the Plan of Reorganization approved by the shareholders of the Bank and by federal and state regulatory agencies. Each share of the Bank’s common stock was converted into two shares of Bancorp common stock effected by the filing of Articles of Exchange on that date, and the shareholders of the Bank became the shareholders of Bancorp. The Bank has four subsidiaries, three of which hold foreclosed real estate and the other owns and manages real estate that is used as a branch location and has office and retail space. The accompanying consolidated financial statements of Bancorp and its wholly-owned subsidiary bank (collectively the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). | |
Bancorp was incorporated in April of 2005 under the laws of the State of Maryland and is a bank holding company registered under the Bank Holding Company Act of 1956. Bancorp is a single bank holding company with one subsidiary, Howard Bank, which operates as a state trust company with commercial banking powers regulated by the Maryland Office of the Commissioner of Financial Regulation (the “Commissioner”). | |
The Company is a diversified financial services company providing commercial banking, mortgage banking and consumer finance through banking branches, the internet and other distribution channels to businesses, business owners, professionals and other consumers located primarily in the Greater Baltimore Metropolitan Area. | |
The following is a description of the Company’s significant accounting policies. | |
Principles of Consolidation | |
The consolidated financial statements include the accounts of Bancorp, its subsidiary bank and the bank’s subsidiaries. All significant intercompany accounts and transactions have been eliminated. Certain reclassifications may have been made to the prior year’s consolidated financial statements to conform to current period presentation. | |
Use of Estimates | |
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near-term relate to the determination of the allowance for credit losses, other-than-temporary impairment of investment securities, deferred income taxes and share-based compensation. | |
Segment Information | |
The Company has one reportable segment, “Community Banking.” All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the others. For example, lending is dependent upon the ability of the Bank to fund itself with deposits and other borrowings and manage interest rate and credit risk. Accordingly, all significant operating decisions are based upon analysis of the Company as one segment or unit. | |
New Accounting Pronouncements | |
ASU No. 2014-4, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force). The guidance clarifies when an “in substance repossession or foreclosure” occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, such that all or a portion of the loan should be derecognized and the real estate property recognized. ASU 2014-04 states that a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure, or the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The amendments of ASU 2014-04 also require interim and annual disclosure of both the amount of foreclosed residential real estate property held by the creditor and the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure. The amendments of ASU 2014-04 are effective for interim and annual periods beginning after December 15, 2014, and may be applied using either a modified retrospective transition method or a prospective transition method as described in ASU 2014-04. The Company will evaluate this amendment but does not believe they will have an impact on its financial position or results of operations. | |
Investments_Securities
Investments Securities | 3 Months Ended | |||||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||||
Equity Method Investments and Joint Ventures [Abstract] | ' | |||||||||||||||||||||||||
Equity Method Investments Disclosure [Text Block] | ' | |||||||||||||||||||||||||
Note 2: Investments Securities | ||||||||||||||||||||||||||
The amortized cost and estimated fair values of investments available for sale are as follows: | ||||||||||||||||||||||||||
(in thousands) | March 31, 2014 | December 31, 2013 | ||||||||||||||||||||||||
Gross | Gross | Gross | Gross | |||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Estimated | Amortized | Unrealized | Unrealized | Estimated | |||||||||||||||||||
Cost | Gains | Losses | Fair Value | Cost | Gains | Losses | Fair Value | |||||||||||||||||||
U.S. Government agencies | $ | 20,522 | $ | 2 | $ | - | $ | 20,524 | $ | 28,522 | $ | 1 | $ | 2 | $ | 28,521 | ||||||||||
Mortgage-backed | 140 | 9 | - | 149 | 157 | 10 | - | 167 | ||||||||||||||||||
$ | 20,662 | $ | 11 | $ | - | $ | 20,673 | $ | 28,679 | $ | 11 | $ | 2 | $ | 28,688 | |||||||||||
There have not been any individual securities with an unrealized loss position for a period greater than one year as of either March 31, 2014 or December 31, 2013. Gross unrealized losses and fair value by investment category and length of time the individual securities have been in a continuous unrealized loss position at December 31, 2013 is presented below: | ||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||
(in thousands) | Less than 12 months | 12 months or more | Total | |||||||||||||||||||||||
Gross | Gross | Gross | ||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||||
U.S. Government agencies | $ | 15,994 | $ | 2 | $ | - | $ | - | $ | 15,994 | $ | 2 | ||||||||||||||
Mortgage-backed | - | - | - | - | - | - | ||||||||||||||||||||
$ | 15,994 | $ | 2 | $ | - | $ | - | $ | 15,994 | $ | 2 | |||||||||||||||
As of March 31, 2014, gross unrealized losses less than twelve months were less than $1 thousand. | ||||||||||||||||||||||||||
The unrealized losses that existed were a result of market changes in interest rates since the original purchase. Management systematically evaluates investment securities for other-than-temporary declines in fair value on a quarterly basis. This analysis requires management to consider various factors, which include (1) duration and magnitude of the decline in value, (2) the financial condition of the issuer or issuers and (3) structure of the security. | ||||||||||||||||||||||||||
An impairment loss is recognized in earnings if any of the following are true: (1) the Company intends to sell the debt security; (2) it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis or (3) the Company does not expect to recover the entire amortized cost basis of the security. In situations where the Company intends to sell or when it is more likely than not that the Company will be required to sell the security, the entire impairment loss must be recognized in earnings. In all other situations, only the portion of the impairment loss representing the credit loss must be recognized in earnings, with the remaining portion being recognized in shareholders’ equity as a component of other comprehensive income, net of deferred tax. | ||||||||||||||||||||||||||
The amortized cost and estimated fair values of investments available for sale by contractual maturity are shown below: | ||||||||||||||||||||||||||
(in thousands) | March 31, 2014 | December 31, 2013 | ||||||||||||||||||||||||
Amortized | Estimated Fair | Amortized | Estimated Fair | |||||||||||||||||||||||
Cost | Value | Cost | Value | |||||||||||||||||||||||
Amounts maturing: | ||||||||||||||||||||||||||
One year or less | $ | 20,522 | $ | 20,524 | $ | 28,522 | $ | 28,521 | ||||||||||||||||||
After one through five years | 41 | 44 | 51 | 54 | ||||||||||||||||||||||
After five through ten years | 99 | 105 | 106 | 113 | ||||||||||||||||||||||
After ten years | - | - | - | - | ||||||||||||||||||||||
$ | 20,662 | $ | 20,673 | $ | 28,679 | $ | 28,688 | |||||||||||||||||||
There were no sales of investment securities during the three months ended March 31, 2014 or in 2013. At March 31, 2014 and December 31, 2013, $11.0 million and $20.7 million fair value of securities, respectively, was pledged as collateral for repurchase agreements. The outstanding balance of no single issuer, except for U. S. Government and U. S. Government agency securities, exceeded ten percent of shareholders’ equity at either period. | ||||||||||||||||||||||||||
Loans_and_Leases
Loans and Leases | 3 Months Ended | |||||||||||
Mar. 31, 2014 | ||||||||||||
Receivables [Abstract] | ' | |||||||||||
Financing Receivables [Text Block] | ' | |||||||||||
Note 3: Loans and Leases | ||||||||||||
The Company makes loans to customers primarily in the Greater Baltimore Maryland metropolitan area and surrounding communities. A substantial portion of the Company’s loan portfolio consists of loans to businesses secured by real estate and/or other business assets. | ||||||||||||
The loan portfolio segment balances at March 31, 2014 and December 31, 2013 are presented in the following table: | ||||||||||||
March 31, | December 31, | |||||||||||
(in thousands) | 2014 | % of Total | 2013 | % of Total | ||||||||
Real estate | ||||||||||||
Construction and land | $ | 58,393 | 14 | % | $ | 50,884 | 12.6 | % | ||||
Residential - first lien | 43,872 | 10.5 | 39,249 | 9.7 | ||||||||
Residential - junior lien | 8,920 | 2.1 | 8,266 | 2 | ||||||||
Total residential real estate | 52,792 | 12.6 | 47,515 | 11.7 | ||||||||
Commercial - owner occupied | 87,264 | 20.9 | 90,333 | 22.4 | ||||||||
Commercial - non-owner occupied | 118,120 | 28.4 | 113,559 | 28.1 | ||||||||
Total commercial real estate | 205,384 | 49.3 | 203,892 | 50.5 | ||||||||
Total real estate loans | 316,569 | 76 | 302,291 | 74.8 | ||||||||
Commercial loans and leases | 98,994 | 23.8 | 100,410 | 24.9 | ||||||||
Consumer | 1,069 | 0.3 | 1,174 | 0.3 | ||||||||
Total loans | $ | 416,632 | 100 | % | $ | 403,875 | 100 | % | ||||
There were $17.0 million in loans held for sale at March 31, 2014 and $3.3 million at December 31, 2013. | ||||||||||||
Credit_Quality_Assessment
Credit Quality Assessment | 3 Months Ended | |||||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||||
Receivables [Abstract] | ' | |||||||||||||||||||||||||
Allowance for Credit Losses [Text Block] | ' | |||||||||||||||||||||||||
Note 4: Credit Quality Assessment | ||||||||||||||||||||||||||
Allowance for Credit Losses | ||||||||||||||||||||||||||
The following table provides information on the activity in the allowance for credit losses by the respective loan portfolio segment for the three month periods ended March 31, 2014 and 2013: | ||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||
Commercial | Commercial | Commercial | ||||||||||||||||||||||||
Construction | Residential | Residential | owner | non-owner | loans | Consumer | ||||||||||||||||||||
(in thousands) | and land | first lien | junior lien | occupied | occupied | and leases | loans | Total | ||||||||||||||||||
Allowance for credit losses: | ||||||||||||||||||||||||||
Beginning balance | $ | 122 | $ | 200 | $ | 34 | $ | 131 | $ | 541 | $ | 1,464 | $ | 14 | $ | 2,506 | ||||||||||
Charge-offs | - | - | - | - | - | - | - | - | ||||||||||||||||||
Recoveries | - | - | - | - | 4 | 14 | 18 | |||||||||||||||||||
Provision for credit losses | 21 | -13 | -18 | 6 | 141 | 40 | -1 | 176 | ||||||||||||||||||
Ending balance | $ | 143 | $ | 187 | $ | 16 | $ | 137 | $ | 686 | $ | 1,518 | $ | 13 | $ | 2,700 | ||||||||||
Ending balance: | ||||||||||||||||||||||||||
individually evaluated for impairment | - | 4 | - | - | 123 | 188 | - | 315 | ||||||||||||||||||
collectively evaluated for impairment | 143 | 183 | 16 | 137 | 563 | 1,330 | 13 | 2,385 | ||||||||||||||||||
Loans: | ||||||||||||||||||||||||||
Ending balance | 58,393 | 43,872 | 8,920 | 87,264 | 118,120 | 98,994 | 1,069 | 416,632 | ||||||||||||||||||
Ending balance: | ||||||||||||||||||||||||||
individually evaluated for impairment | - | 324 | - | - | 3,276 | 2,447 | - | 6,047 | ||||||||||||||||||
collectively evaluated for impairment | 58,393 | 43,548 | 8,920 | 87,264 | 114,844 | 96,547 | 1,069 | 410,585 | ||||||||||||||||||
March 31, 2013 | ||||||||||||||||||||||||||
Commercial | Commercial | Commercial | ||||||||||||||||||||||||
Construction | Residential | Residential | owner | non-owner | loans | Consumer | ||||||||||||||||||||
(in thousands) | and land | first lien | junior lien | occupied | occupied | and leases | loans | Total | ||||||||||||||||||
Allowance for credit losses: | ||||||||||||||||||||||||||
Beginning balance | $ | 127 | $ | 204 | $ | 22 | $ | 650 | $ | 505 | $ | 1,227 | $ | 29 | $ | 2,764 | ||||||||||
Charge-offs | - | -183 | - | - | - | - | - | -183 | ||||||||||||||||||
Recoveries | - | - | - | - | 30 | 8 | - | 38 | ||||||||||||||||||
Provision for credit losses | 11 | 110 | - | - | -67 | 307 | - | 361 | ||||||||||||||||||
Ending balance | $ | 138 | $ | 131 | $ | 22 | $ | 650 | $ | 468 | $ | 1,542 | $ | 29 | $ | 2,980 | ||||||||||
Ending balance: | ||||||||||||||||||||||||||
individually evaluated for impairment | 21 | - | - | - | 148 | 547 | - | 716 | ||||||||||||||||||
collectively evaluated for impairment | 117 | 131 | 22 | 650 | 320 | 995 | 29 | 2,264 | ||||||||||||||||||
Loans: | ||||||||||||||||||||||||||
Ending balance | 41,588 | 28,796 | 8,241 | 74,248 | 88,598 | 88,317 | 1,217 | 331,005 | ||||||||||||||||||
Ending balance: | ||||||||||||||||||||||||||
individually evaluated for impairment | 370 | - | - | - | 3,118 | 1,884 | - | 5,372 | ||||||||||||||||||
collectively evaluated for impairment | 41,218 | 28,796 | 8,241 | 74,248 | 85,480 | 86,433 | 1,217 | 325,633 | ||||||||||||||||||
When potential losses are identified, a specific provision and/or charge-off may be taken, based on the then current likelihood of repayment, that is at least in the amount of the collateral deficiency, and any potential collection costs, as determined by the independent third party appraisal. | ||||||||||||||||||||||||||
All loans that are considered impaired are subject to the completion of an impairment analysis. This analysis highlights any potential collateral deficiencies. A specific amount of impairment is established based on the Company’s calculation of the probable loss inherent in the individual loan. The actual occurrence and severity of losses involving impaired credits can differ substantially from estimates. | ||||||||||||||||||||||||||
Credit risk profile by portfolio segment based upon internally assigned risk assignments are presented below: | ||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||
Commercial | Commercial | Commercial | ||||||||||||||||||||||||
Construction | Residential | Residential | owner | non-owner | loans | Consumer | ||||||||||||||||||||
(in thousands) | and land | first lien | junior lien | occupied | occupied | and leases | loans | Total | ||||||||||||||||||
Credit quality indicators: | ||||||||||||||||||||||||||
Not classified | $ | 58,393 | $ | 43,548 | $ | 8,920 | $ | 87,264 | $ | 117,567 | $ | 96,918 | $ | 1,069 | $ | 413,679 | ||||||||||
Special mention | - | - | - | - | - | - | - | - | ||||||||||||||||||
Substandard | - | 324 | - | - | 553 | 2,076 | - | 2,953 | ||||||||||||||||||
Doubtful | - | - | - | - | - | - | - | - | ||||||||||||||||||
Total | $ | 58,393 | $ | 43,872 | $ | 8,920 | $ | 87,264 | $ | 118,120 | $ | 98,994 | $ | 1,069 | $ | 416,632 | ||||||||||
December 31, 2013 | ||||||||||||||||||||||||||
Commercial | Commercial | Commercial | ||||||||||||||||||||||||
Construction | Residential | Residential | owner | non-owner | loans | Consumer | ||||||||||||||||||||
(in thousands) | and land | first lien | junior lien | occupied | occupied | and leases | loans | Total | ||||||||||||||||||
Credit quality indicators: | ||||||||||||||||||||||||||
Not classified | $ | 50,884 | $ | 38,918 | $ | 8,266 | $ | 90,333 | $ | 113,301 | $ | 97,817 | $ | 1,174 | $ | 400,693 | ||||||||||
Special mention | - | - | - | - | - | - | - | - | ||||||||||||||||||
Substandard | - | 331 | - | - | 258 | 2,593 | - | 3,182 | ||||||||||||||||||
Doubtful | - | - | - | - | - | - | - | - | ||||||||||||||||||
Total | $ | 50,884 | $ | 39,249 | $ | 8,266 | $ | 90,333 | $ | 113,559 | $ | 100,410 | $ | 1,174 | $ | 403,875 | ||||||||||
⋅ | Special mention - A special mention asset has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the institution’s credit position at some future date. Special mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. | |||||||||||||||||||||||||
⋅ | Substandard - Substandard loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the bank will sustain some loss if the deficiencies are not corrected. | |||||||||||||||||||||||||
⋅ | Doubtful - Loans classified doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions and values, highly questionable and improbable. | |||||||||||||||||||||||||
Loans classified special mention, substandard, doubtful or loss are reviewed at least quarterly to determine their appropriate classification. All commercial loan relationships are reviewed annually. Non-classified residential mortgage loans and consumer loans are not evaluated unless a specific event occurs to raise the awareness of a possible credit deterioration. | ||||||||||||||||||||||||||
An aged analysis of past due loans are as follows: | ||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||
Commercial | Commercial | Commercial | ||||||||||||||||||||||||
Construction | Residential | Residential | owner | non-owner | loans | Consumer | ||||||||||||||||||||
(in thousands) | and land | first lien | junior lien | occupied | occupied | and leases | loans | Total | ||||||||||||||||||
Analysis of past due loans: | ||||||||||||||||||||||||||
Accruing loans current | $ | 57,671 | $ | 43,227 | $ | 8,827 | $ | 87,264 | $ | 114,685 | $ | 95,897 | $ | 1,067 | $ | 408,638 | ||||||||||
Accruing loans past due: | ||||||||||||||||||||||||||
31-59 days past due | - | 321 | 93 | - | - | 627 | 1 | 1,042 | ||||||||||||||||||
60-89 days past due | 722 | - | - | - | 2,723 | 150 | 1 | 3,596 | ||||||||||||||||||
Greater than 90 days past due | - | - | - | - | 159 | 244 | - | 403 | ||||||||||||||||||
Total past due | 722 | 321 | 93 | - | 2,882 | 1,021 | 2 | 5,041 | ||||||||||||||||||
Non-accrual loans | - | 324 | - | - | 553 | 2,076 | - | 2,953 | ||||||||||||||||||
Total loans | $ | 58,393 | $ | 43,872 | $ | 8,920 | $ | 87,264 | $ | 118,120 | $ | 98,994 | $ | 1,069 | $ | 416,632 | ||||||||||
December 31, 2013 | ||||||||||||||||||||||||||
Commercial | Commercial | Commercial | ||||||||||||||||||||||||
Construction | Residential | Residential | owner | non-owner | loans | Consumer | ||||||||||||||||||||
(in thousands) | and land | first lien | junior lien | occupied | occupied | and leases | loans | Total | ||||||||||||||||||
Analysis of past due loans: | ||||||||||||||||||||||||||
Accruing loans current | $ | 50,884 | $ | 38,025 | $ | 8,266 | $ | 90,333 | $ | 113,142 | $ | 97,127 | $ | 1,174 | $ | 398,951 | ||||||||||
Accruing loans past due: | ||||||||||||||||||||||||||
31-59 days past due | - | 570 | - | - | - | 150 | - | 720 | ||||||||||||||||||
60-89 days past due | - | 323 | - | - | - | 244 | - | 567 | ||||||||||||||||||
Greater than 90 days past due | - | - | - | - | 159 | 296 | - | 455 | ||||||||||||||||||
Total past due | - | 893 | - | - | 159 | 690 | - | 1,742 | ||||||||||||||||||
Non-accrual loans | - | 331 | - | - | 258 | 2,593 | - | 3,182 | ||||||||||||||||||
Total loans | $ | 50,884 | $ | 39,249 | $ | 8,266 | $ | 90,333 | $ | 113,559 | $ | 100,410 | $ | 1,174 | $ | 403,875 | ||||||||||
Total loans either in non-accrual status or in excess of ninety days delinquent totaled $3.4 million or .81% of total loans outstanding at March 31, 2014 which represents a decrease from $3.6 million as of December 31, 2013. | ||||||||||||||||||||||||||
The impaired loans at March 31, 2014 and December 31, 2013 are as follows: | ||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||
Commercial | Commercial | Commercial | ||||||||||||||||||||||||
Construction | Residential | Residential | owner | non-owner | loans | Consumer | ||||||||||||||||||||
(in thousands) | & land | first lien | junior lien | occupied | occupied | and leases | loans | Total | ||||||||||||||||||
Impaired loans: | ||||||||||||||||||||||||||
Recorded investment | $ | - | $ | 324 | $ | - | $ | - | $ | 3,276 | $ | 2,447 | $ | - | $ | 6,047 | ||||||||||
With an allowance recorded | - | 324 | - | - | 553 | 580 | - | 1,457 | ||||||||||||||||||
With no related allowance recorded | - | - | - | - | 2,723 | 1,867 | - | 4,590 | ||||||||||||||||||
Related allowance | - | 4 | - | - | 123 | 188 | - | 315 | ||||||||||||||||||
Unpaid principal | - | 324 | - | - | 3,276 | 2,505 | - | 6,105 | ||||||||||||||||||
Average balance of impaired loans | - | 330 | - | - | 3,280 | 3,469 | - | 7,079 | ||||||||||||||||||
Interest income recognized | - | 5 | - | - | 17 | 40 | - | 62 | ||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||
Commercial | Commercial | Commercial | ||||||||||||||||||||||||
Construction | Residential | Residential | owner | non-owner | loans | Consumer | ||||||||||||||||||||
(in thousands) | & land | first lien | junior lien | occupied | occupied | and leases | loans | Total | ||||||||||||||||||
Impaired loans: | ||||||||||||||||||||||||||
Recorded investment | $ | - | $ | 331 | $ | - | $ | - | $ | 2,984 | $ | 2,975 | $ | - | $ | 6,290 | ||||||||||
With an allowance recorded | - | 331 | - | - | 258 | 677 | - | 1,266 | ||||||||||||||||||
With no related allowance recorded | - | - | - | - | 2,726 | 2,298 | - | 5,024 | ||||||||||||||||||
Related allowance | - | 4 | - | - | 31 | 224 | - | 259 | ||||||||||||||||||
Unpaid principal | - | 331 | - | - | 2,984 | 2,978 | - | 6,293 | ||||||||||||||||||
Average balance of impaired loans | - | 333 | - | - | 2,994 | 3,706 | - | 7,033 | ||||||||||||||||||
Interest income recognized | - | 15 | - | - | 208 | 120 | - | 343 | ||||||||||||||||||
Included in the total impaired loans above were non-accrual loans of $3.0 million and $3.2 million at March 31, 2014 and December 31, 2013, respectively. Interest income that would have been recorded if nonaccrual loans had been current and in accordance with their original terms was $49 thousand for the first three months of 2014. | ||||||||||||||||||||||||||
Management routinely evaluates other real estate owned (“OREO”) based upon periodic appraisals. For the three months ended March 31, 2014 and 2013 there were no additional valuation allowances recorded as the current appraised value was sufficient to cover the recorded OREO amount. For the three months ended 2014 and 2013 there were no new loans transferred from loans to OREO. For the first three months of 2014, the Company sold no properties held as OREO and for the first three months of 2013 sold one property totaling $178 thousand. | ||||||||||||||||||||||||||
The trouble debt restructured loans (“TDRs”) at March 31, 2014 and December 31, 2013 are as follows: | ||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||
Number | Non-Accrual | Number | Accrual | Total | ||||||||||||||||||||||
(dollars in thousands) | of Loans | Status | of Loans | Status | TDRs | |||||||||||||||||||||
Commercial loans | 6 | $ | 829 | - | $ | - | $ | 829 | ||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||
Number | Non-Accrual | Number | Accrual | Total | ||||||||||||||||||||||
(dollars in thousands) | of Loans | Status | of Loans | Status | TDRs | |||||||||||||||||||||
Commercial loans | 6 | $ | 861 | - | $ | - | $ | 861 | ||||||||||||||||||
A summary of TDR modifications outstanding and performance under modified terms are as follows: | ||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||
Not Performing | Performing | |||||||||||||||||||||||||
to Modified | to Modified | Total | ||||||||||||||||||||||||
(in thousands) | Terms | Terms | TDRs | |||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||
Interest only payments | $ | - | $ | - | $ | - | ||||||||||||||||||||
Rate modification | - | - | - | |||||||||||||||||||||||
Forberance | 829 | - | 829 | |||||||||||||||||||||||
Extension or other modification | - | - | - | |||||||||||||||||||||||
Total commercial | $ | 829 | $ | - | $ | 829 | ||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||
Not Performing | Performing | |||||||||||||||||||||||||
to Modified | to Modified | Total | ||||||||||||||||||||||||
(in thousands) | Terms | Terms | TDRs | |||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||
Interest only payments | $ | - | $ | - | $ | - | ||||||||||||||||||||
Rate modification | - | - | - | |||||||||||||||||||||||
Forberance | 861 | - | 861 | |||||||||||||||||||||||
Extension or other modification | - | - | - | |||||||||||||||||||||||
Total commercial | $ | 861 | $ | - | $ | 861 | ||||||||||||||||||||
There were no new loans restructured in the three months ended March 31, 2014. | ||||||||||||||||||||||||||
Intangible_Asset
Intangible Asset | 3 Months Ended | |||||||||||||
Mar. 31, 2014 | ||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||
Intangible Assets Disclosure [Text Block] | ' | |||||||||||||
Note 5: Intangibles | ||||||||||||||
The gross carrying amount and accumulated amortization of intangible assets are as follows: | ||||||||||||||
March 31, 2014 | Weighted | |||||||||||||
Gross | Net | Average | ||||||||||||
Carrying | Accumulated | Carrying | Remaining Life | |||||||||||
(in thousands) | Amount | Amortization | Amount | (Years) | ||||||||||
Amortizing intangible assets: | ||||||||||||||
Core deposit intangible | $ | 376 | $ | 54 | $ | 322 | 8.76 | |||||||
Estimated future amortizing expense for amortizing intangibles within the years ending December 31, are as follows: | ||||||||||||||
(in thousands) | ||||||||||||||
2014 | $ | 53 | ||||||||||||
2015 | 57 | |||||||||||||
2016 | 46 | |||||||||||||
2017 | 36 | |||||||||||||
2018 | 29 | |||||||||||||
Thereafter | 101 | |||||||||||||
Total amortizing intangible assets | $ | 322 | ||||||||||||
Deposits
Deposits | 3 Months Ended | |||||||||||
Mar. 31, 2014 | ||||||||||||
Banking and Thrift [Abstract] | ' | |||||||||||
Deposit Liabilities Disclosures [Text Block] | ' | |||||||||||
Note 6: Deposits | ||||||||||||
The following table details the composition of deposits and the related percentage mix of total deposits, respectively: | ||||||||||||
(dollars in thousands) | March 31, 2014 | December 31, 2013 | ||||||||||
% of | % of | |||||||||||
Amount | Total | Amount | Total | |||||||||
Noninterest-bearing demand | $ | 93,833 | 23 | % | $ | 89,759 | 23 | % | ||||
Interest-bearing checking | 34,512 | 9 | 31,443 | 8 | ||||||||
Money market accounts | 101,270 | 25 | 96,365 | 25 | ||||||||
Savings | 12,605 | 3 | 12,496 | 3 | ||||||||
Certificates of deposit $100,000 and over | 113,522 | 29 | 110,516 | 29 | ||||||||
Certificates of deposit under $100,000 | 45,556 | 11 | 48,370 | 12 | ||||||||
Total deposits | $ | 401,298 | 100 | % | $ | 388,949 | 100 | % | ||||
Stock_Options_Awards_and_Warra
Stock Options, Awards and Warrants | 3 Months Ended | |||||||||||
Mar. 31, 2014 | ||||||||||||
Stock Options Awards and Warrants [Abstract] | ' | |||||||||||
Stock Options Awards and Warrants [Text Block] | ' | |||||||||||
Note 7: Stock Options, Awards and Warrants | ||||||||||||
The Company initially raised $4,775,000 of capital by selling to its founders investment units consisting of one share of common stock and a fully detachable warrant equal to .25 shares of common stock per unit. The warrants were issued in recognition of the financial and organizational risk undertaken by the purchasers in the organizational offering. The warrants are immediately exercisable and will expire ten (10) years from the date of issuance, which will be in August 2014. As of March 31, 2014 there have been no exercises of these warrants and the Company has outstanding warrants to purchase 119,376 shares at the price of $10.00 per share. Based upon a fair market value of $11.30 at March 31, 2014 the warrants outstanding had an aggregate intrinsic value of $155 thousand. | ||||||||||||
The Company’s equity incentive plan provides for awards of nonqualified and incentive stock options as well as vested and non-vested common stock awards. Employee stock options can be granted with exercise prices at the fair market value (as defined within the plan) of the stock at the date of grant and with terms of up to ten years. Except as otherwise permitted in the plan, upon termination of employment for reasons other than retirement, permanent disability or death, the option exercise period is reduced or the options are canceled. | ||||||||||||
Stock awards may also be granted to non-employee members of the Board of Directors as compensation for attendance and participation at meetings of the Board of Directors and meetings of the various committees of the Board. For the three months ended March 31, 2014 directors earned 1,164 shares of stock as compensation for their service. | ||||||||||||
The following table summarizes the Company’s stock option activity and related information for the period ended: | ||||||||||||
March 31, 2014 | December 31, 2013 | |||||||||||
Weighted | Weighted | |||||||||||
Average | Average | |||||||||||
Exercise | Exercise | |||||||||||
Shares | Price | Shares | Price | |||||||||
Balance at January 1, 2014 | 387,101 | $ | 11.19 | 395,351 | $ | 11.16 | ||||||
Granted | - | - | - | - | ||||||||
Exercised | - | - | - | - | ||||||||
Forfeited | - | - | -8,250 | 9.9 | ||||||||
Balance at March 31, 2014 | 387,101 | $ | 11.19 | 387,101 | $ | 11.19 | ||||||
Exercisable at March 31, 2014 | 387,101 | $ | 11.19 | 387,101 | $ | 11.19 | ||||||
Weighted average fair value of options granted during the year | $ | - | $ | - | ||||||||
The intrinsic value of a stock option is the amount that the market value of the underlying stock exceeds the exercise price of the option. Based upon a fair market value of $11.30 at March 31, 2014 the options outstanding had an aggregate intrinsic value or $323 thousand. There have been no options exercised during 2014. | ||||||||||||
In the second quarter of 2013, 50,000 shares of restricted stock were granted, with 30,000 of the shares subject to a three year vesting schedule with one third of the shares vesting each year on the grant date anniversary. The remaining 20,000 awarded shares also are subject to a three year vesting schedule, however they only vest if certain annual performance measures are satisfactorily achieved. | ||||||||||||
A summary of the activity for the Company’s restricted stock for the period indicated is presented in the following table: | ||||||||||||
Weighted | ||||||||||||
Average | ||||||||||||
Number | Grant-Date | |||||||||||
(In dollars, except share data) | of Shares | Fair Value | ||||||||||
Restricted stock at January 1, 2014 | 50,000 | $ | 6.89 | |||||||||
Granted | - | $ | - | |||||||||
Vested | - | $ | - | |||||||||
Forfeited | -6,668 | $ | 6.85 | |||||||||
Restricted stock at March 31, 2014 | 43,332 | $ | 6.89 | |||||||||
Of the 20,000 shares of restricted stock that were issued during 2013 with vesting subject to meeting certain performance measures, those measures were not achieved, and thus 6,668 shares were forfeited during the first quarter of 2014. At March 31, 2014, based on equity awards outstanding at that time, the total unrecognized pre-tax compensation expense related to unvested equity awards was $199 thousand. This expense is expected to be recognized through 2016. | ||||||||||||
Profit_Sharing_Plan
Profit Sharing Plan | 3 Months Ended |
Mar. 31, 2014 | |
Profit Sharing Plan [Abstract] | ' |
Profit Sharing Plan [Text Block] | ' |
Note 8: Profit Sharing Plan | |
The Company sponsors a defined contribution retirement plan through a Section 401(k) profit sharing plan. Employees may contribute up to 15% of their pretax compensation. Participants are eligible for matching Company contributions up to 4% of eligible compensation dependent on the level of voluntary contributions. Company matching contributions totaled $47 thousand for the three months ended March 31, 2014 and $28 thousand for the three months ended March 31, 2013. The Company’s matching contributions vest immediately. The Company’s matching contributions for the first quarter of 2014 increased due to the large increase in eligible participants given our recent growth in staff. | |
Income_per_Common_Share
Income per Common Share | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Earnings Per Share [Abstract] | ' | |||||||
Earnings Per Share [Text Block] | ' | |||||||
Note 9: Income per Common Share | ||||||||
The table below shows the presentation of basic and diluted income per common share for the periods ended: | ||||||||
Three months ended | ||||||||
March 31, | ||||||||
(dollars in thousands, except per share data) | 2014 | 2013 | ||||||
Net income | $ | 266 | $ | 483 | ||||
Preferred dividends | -31 | -69 | ||||||
Net income available to common shareholders (numerator) | $ | 235 | $ | 414 | ||||
BASIC | ||||||||
Average common shares outstanding (denominator) | 4,090,844 | 4,040,471 | ||||||
Basic income per common share | $ | 0.06 | $ | 0.1 | ||||
DILUTED | ||||||||
Average common shares outstanding | 4,090,844 | 4,040,471 | ||||||
Diluted effect of stock options and warrants | 42,274 | - | ||||||
Diluted average common shares outstanding (denominator) | 4,133,118 | 4,040,471 | ||||||
Diluted income per common share | $ | 0.06 | $ | 0.1 | ||||
Stock options and warrants outstanding that are anti-dilutive and thus excluded from calculation of diluted number of shares presented above | 111,458 | 514,727 | ||||||
RiskBased_Capital
Risk-Based Capital | 3 Months Ended | |||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||
Risks and Uncertainties [Abstract] | ' | |||||||||||||||||||
Concentration Risk Disclosure [Text Block] | ' | |||||||||||||||||||
Note 10: Risk-Based Capital | ||||||||||||||||||||
The Federal Deposit Insurance Corporation Improvement Act of 1991 (“FDICIA”) required that the federal regulatory agencies adopt regulations defining five capital tiers for banks: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Quantitative measures, established by the regulators to ensure capital adequacy, require that the Bank and Bancorp maintain minimum ratios (set forth below) of capital to risk-weighted assets. Under the guidelines, capital is compared to the relative risk related to the balance sheet. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. | ||||||||||||||||||||
Management believes that, as of March 31, 2014 and December 31, 2013 the Bank met all capital adequacy requirements to which it is subject. | ||||||||||||||||||||
To be well | ||||||||||||||||||||
capitalized under | ||||||||||||||||||||
the FDICIA | ||||||||||||||||||||
For capital | prompt corrective | |||||||||||||||||||
Actual | adequacy purposes | action provisions | ||||||||||||||||||
(dollars in thousands) | Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||
As of March 31, 2014: | ||||||||||||||||||||
Total capital (to risk-weighted assets) | ||||||||||||||||||||
Howard Bank | $ | 50,426 | 11.46 | % | $ | 35,194 | 8 | % | $ | 43,992 | 10 | % | ||||||||
Howard Bancorp | $ | 51,159 | 11.62 | % | $ | 35,207 | 8 | % | N/A | |||||||||||
Tier 1 capital (to risk-weighted assets) | ||||||||||||||||||||
Howard Bank | $ | 47,726 | 10.85 | % | $ | 17,597 | 4 | % | $ | 26,395 | 6 | % | ||||||||
Howard Bancorp | $ | 48,458 | 11.01 | % | $ | 17,604 | 4 | % | N/A | |||||||||||
Tier 1 capital (to average assets) | ||||||||||||||||||||
(Leverage ratio) | ||||||||||||||||||||
Howard Bank | $ | 47,726 | 9.62 | % | $ | 19,836 | 4 | % | $ | 24,795 | 5 | % | ||||||||
Howard Bancorp | $ | 48,458 | 9.77 | % | $ | 19,832 | 4 | % | N/A | |||||||||||
As of December 31, 2013: | ||||||||||||||||||||
Total capital (to risk-weighted assets) | ||||||||||||||||||||
Howard Bank | $ | 49,902 | 11.85 | % | $ | 33,684 | 8 | % | $ | 42,105 | 10 | % | ||||||||
Howard Bancorp | $ | 50,700 | 12.05 | % | $ | 33,668 | 8 | % | N/A | |||||||||||
Tier 1 capital (to risk-weighted assets) | ||||||||||||||||||||
Howard Bank | $ | 47,396 | 11.26 | % | $ | 16,842 | 4 | % | $ | 25,263 | 6 | % | ||||||||
Howard Bancorp | $ | 48,195 | 11.45 | % | $ | 16,834 | 4 | % | N/A | |||||||||||
Tier 1 capital (to average assets) | ||||||||||||||||||||
(Leverage ratio) | ||||||||||||||||||||
Howard Bank | $ | 47,396 | 9.77 | % | $ | 19,406 | 4 | % | $ | 24,257 | 5 | % | ||||||||
Howard Bancorp | $ | 48,195 | 9.93 | % | $ | 19,414 | 4 | % | N/A | |||||||||||
The Bank is currently prohibited from paying dividends without the prior approval of the Commissioner. | ||||||||||||||||||||
Preferred_Stock
Preferred Stock | 3 Months Ended |
Mar. 31, 2014 | |
Equity [Abstract] | ' |
Preferred Stock [Text Block] | ' |
Note 11: Preferred Stock | |
On September 22, 2011, we entered into a Securities Purchase Agreement with the Secretary of the Treasury, pursuant to which Bancorp issued and sold to the Treasury 12,562 shares of our Senior Non-Cumulative Perpetual Preferred Stock, Series AA, having a liquidation preference of $1,000 per share, for aggregate proceeds of $12,562,000. The issuance was pursuant to the Treasury’s Small Business Lending Fund (SBLF) program, a $30 billion fund established under the Small Business Jobs Act of 2010, which encourages lending to small businesses by providing capital to qualified community banks with assets of less than $10 billion. The Series AA Preferred Stock holders are entitled to receive non-cumulative dividends payable quarterly on each January 1, April 1, July 1 and October 1, beginning October 1, 2011. The dividend rate, which is calculated on the aggregate Liquidation Amount, has been initially set at 5% per annum based upon the current level of “Qualified Small Business Lending” (“QSBL”) by the Bank and is currently set at 1%. The dividend rate for future dividend periods will be set based upon the percentage change in qualified lending between each dividend period and the baseline QSBL level established at the time the Agreement was entered into. Such dividend rate may vary from 1% per annum to 5% per annum for the second through tenth dividend periods and from 1% per annum to 7% per annum for the eleventh through the eighteenth dividend periods and though March 22, 2016 with respect to the nineteenth dividend period. If the Series AA Preferred Stock remains outstanding for more than four-and-one-half years, the dividend rate will be fixed at 9%. Prior to that time, in general, the dividend rate decreases as the level of the Bank’s QSBL increases. Such dividends are not cumulative, but Bancorp may only declare and pay dividends on its common stock (or any other equity securities junior to the Series AA Preferred Stock) if it has declared and paid dividends for the current dividend period on the Series AA Preferred Stock, and will be subject to other restrictions on its ability to repurchase or redeem other securities. In addition, if (i) we have not timely declared and paid dividends on the Series AA Preferred Stock for six dividend periods or more, whether or not consecutive, the Treasury (or any successor holder of Series AA Preferred Stock) may designate a representative to attend all meetings of Bancorp’s Board of Directors in a nonvoting observer capacity and Bancorp must give such representative copies of all notices, minutes, consents and other materials that Bancorp provide to its directors in connection with such meetings. | |
We may redeem the shares of Series AA Preferred Stock, in whole or in part, at any time at a redemption price equal to the sum of the Liquidation Amount per share and the per-share amount of any unpaid dividends for the then-current period, subject to any required prior approval by our primary federal banking regulator. | |
Fair_Value
Fair Value | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||
Note 12: Fair Value | |||||||||||||||||
FASB ASC Topic 820 “Fair Value Measurements” defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) 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 Topic 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. | |||||||||||||||||
The Company utilizes fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. Securities available for sale are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as loans held for investment and certain other assets. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. | |||||||||||||||||
Under FASB ASC Topic 820, 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 the fair value. These hierarchy levels are: | |||||||||||||||||
Level 1: Valuations for assets and liabilities traded in active exchange markets. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. | |||||||||||||||||
Level 2: Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third party pricing services for identical or comparable assets or liabilities which use observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in active markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. | |||||||||||||||||
Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. | |||||||||||||||||
A financial instrument's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. | |||||||||||||||||
The types of instruments valued based on quoted market prices in active markets include most U.S. government and agency securities, liquid mortgage products, active listed equities and most money market securities. Such instruments are generally classified within Level 1 or Level 2 of the fair value hierarchy. As required by FASB ASC Topic 820, the Company does not adjust the quoted price for such instruments. | |||||||||||||||||
The types of instruments valued based on quoted prices in markets that are not active, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency include most investment-grade and high-yield corporate bonds, less liquid mortgage products, less liquid equities, state, municipal and provincial obligations, and certain physical commodities. Such instruments are generally classified within Level 2 of the fair value hierarchy. | |||||||||||||||||
Level 3 is for positions that are not traded in active markets or are subject to transfer restrictions, valuations are adjusted to reflect illiquidity and/or non-transferability, and such adjustments are generally based on available market evidence. In the absence of such evidence, management's best estimate is used. | |||||||||||||||||
Impaired loans are evaluated and valued at the time the loan is identified as impaired, at the lower of cost or market value. Market value is measured based on the value of the collateral securing these loans and is classified at a Level 3 in the fair value hierarchy. Collateral may be real estate and/or business assets including equipment, inventory and/or accounts receivable. The value of real estate collateral is determined based on appraisal by qualified licensed appraisers hired by the Company. The value of business equipment, inventory and accounts receivable collateral is based on the net book value on the business' financial statements and, if necessary, discounted based on management's review and analysis. Appraised and reported values may be discounted based on management's historical knowledge, changes in market conditions from the time of valuation, and/or management's expertise and knowledge of the client and client's business. Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on the same factors identified above. | |||||||||||||||||
Other real estate owned acquired through, or in lieu of, foreclosure is held for sale and are initially recorded at the lower of cost or fair value, less selling costs. Any write-downs to fair value at the time of transfer to OREO are charged to the allowance for credit losses subsequent to foreclosure. Values are derived from appraisals of underlying collateral and discounted cash flow analysis. | |||||||||||||||||
The following table sets forth the Company's financial assets and liabilities that were accounted for or disclosed at fair value on a recurring basis at March 31, 2014 and December 31, 2013. | |||||||||||||||||
March 31, 2014 | Quoted Price in | Significant | |||||||||||||||
Active Markets | Other | Significant | |||||||||||||||
Carrying | for Identical | Observable | Unobservable | ||||||||||||||
Value | Assets | Inputs | Inputs | ||||||||||||||
(in thousands) | (Fair Value) | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
Investment securities: | |||||||||||||||||
U.S. Goverment agencies | $ | 20,524 | $ | - | $ | 20,524 | $ | - | |||||||||
Mortgage-backed securities | 149 | - | 149 | - | |||||||||||||
December 31, 2013 | Quoted Price in | Significant | |||||||||||||||
Active Markets | Other | Significant | |||||||||||||||
Carrying | for Identical | Observable | Unobservable | ||||||||||||||
Value | Assets | Inputs | Inputs | ||||||||||||||
(in thousands) | (Fair Value) | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
Investment securities: | |||||||||||||||||
U.S. Goverment agencies | $ | 28,521 | $ | - | $ | 28,521 | $ | - | |||||||||
Mortgage-backed securities | 167 | - | 167 | - | |||||||||||||
The following table sets forth the Company's financial assets and liabilities that were accounted for or disclosed at fair value on a nonrecurring basis as of March 31, 2014 and December 31, 2013. | |||||||||||||||||
March 31,2014 | Quoted Price in | Significant | |||||||||||||||
Active Markets | Other | Significant | |||||||||||||||
Carrying | for Identical | Observable | Unobservable | ||||||||||||||
Value | Assets | Inputs | Inputs | ||||||||||||||
(in thousands) | (Fair Value) | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
Other real estate owned | $ | 2,377 | $ | - | $ | - | $ | 2,377 | |||||||||
Loans held for sale | 17,034 | - | 17,034 | - | |||||||||||||
Impaired loans: | |||||||||||||||||
Construction and land | - | - | - | - | |||||||||||||
Residential - first lien | 320 | - | - | 320 | |||||||||||||
Residential - junior lien | - | - | - | - | |||||||||||||
Commercial - owner occupied | - | - | - | - | |||||||||||||
Commercial - non-owner occupied | 3,153 | - | - | 3,153 | |||||||||||||
Commercial loans and leases | 2,259 | - | - | 2,259 | |||||||||||||
Consumer | - | - | - | - | |||||||||||||
December 31, 2013 | Quoted Price in | Significant | |||||||||||||||
Active Markets | Other | Significant | |||||||||||||||
Carrying | for Identical | Observable | Unobservable | ||||||||||||||
Value | Assets | Inputs | Inputs | ||||||||||||||
(in thousands) | (Fair Value) | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
Other real estate owned | $ | 2,377 | $ | - | $ | - | $ | 2,377 | |||||||||
Loans held for sale | 3,298 | - | 3,298 | - | |||||||||||||
Impaired loans: | |||||||||||||||||
Construction and land | - | - | - | - | |||||||||||||
Residential - first lien | 327 | - | - | 327 | |||||||||||||
Residential - junior lien | - | - | - | - | |||||||||||||
Commercial - owner occupied | - | - | - | - | |||||||||||||
Commercial - non-owner occupied | 2,953 | - | - | 2,953 | |||||||||||||
Commercial loans and leases | 2,751 | - | - | 2,751 | |||||||||||||
Consumer | - | - | - | - | |||||||||||||
The following table presents required information in accordance with ASC Topic 825 “Financial Instruments” at March 31, 2014 and December 31, 2013. The fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. Fair value estimates are based on quoted market prices where available or calculated using present value techniques. Since quoted market prices are not available on many of our financial instruments, estimates may be based on the present value of estimated future cash flows and estimated discount rates. These financial assets and liabilities have not been recorded at fair value. | |||||||||||||||||
The following methods and assumptions were used to estimate the fair value of financial instruments where it is practical to estimate fair value: | |||||||||||||||||
Cash and cash equivalents: The fair value of cash and cash equivalents is estimated to approximate the carrying amounts. | |||||||||||||||||
Securities available-for-sale: Based on quoted market prices. If quoted market price is not available fair value is estimated using quoted market prices for similar securities. See Note 2 for additional information. | |||||||||||||||||
Nonmarketable equity securities: Because these securities are not marketable, the carrying amount approximates the fair value. | |||||||||||||||||
Loans: For variable rate loans the carrying amount approximates the fair value. For fixed rate loans the fair value is calculated by discounting estimated cash flows using current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. The estimated cash flows do not anticipate prepayments. | |||||||||||||||||
Deposits: The carrying amount of non-maturity deposits such as demand deposits, money market and saving deposits approximates the fair value. The fair value of deposits with predetermined maturity dates such as certificate of deposits is estimated by discounting the future cash flows using current rates of similar deposits with similar remaining maturities. | |||||||||||||||||
Short-term borrowing: Variable rate repurchase agreements carrying amounts approximate the fair values at the reporting date. | |||||||||||||||||
Long-term borrowing: Because the borrowing is a variable rate instrument, the carrying amount approximates the fair value. | |||||||||||||||||
Management has made estimates of fair value discount rates that it believes to be reasonable. However, because there is no market for many of these financial instruments, management has no basis to determine whether the fair value presented for loans would be indicative of the value negotiated in an actual sale. | |||||||||||||||||
March 31, 2014 | |||||||||||||||||
Quoted Price in | Significant | ||||||||||||||||
Active Markets | Other | Significant | |||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||
Carrying | Fair | Assets | Inputs | Inputs | |||||||||||||
(in thousands) | Amount | Value | (Level 1) | (Level 2) | (Level 3) | ||||||||||||
Financial Assets | |||||||||||||||||
Cash and cash equivalents | $ | 24,976 | $ | 24,976 | $ | - | $ | 24,976 | $ | - | |||||||
Investment securities | 20,673 | 20,673 | - | 20,673 | - | ||||||||||||
Nonmarketable equity securities | 2,475 | 2,475 | - | 2,475 | - | ||||||||||||
Loans held for sale | 17,034 | 17,034 | - | 17,034 | - | ||||||||||||
Loans and leases | 416,632 | 416,710 | - | - | 416,710 | ||||||||||||
Financial Liabilities | |||||||||||||||||
Deposits | 401,298 | 401,622 | - | - | 401,622 | ||||||||||||
Short-term borrowings | 35,627 | 35,627 | - | 35,627 | - | ||||||||||||
Long-term borrowings | 21,500 | 21,461 | - | 21,461 | - | ||||||||||||
December 31, 2013 | |||||||||||||||||
Quoted Price in | Significant | ||||||||||||||||
Active Markets | Other | Significant | |||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||
Carrying | Fair | Assets | Inputs | Inputs | |||||||||||||
(in thousands) | Amount | Value | (Level 1) | (Level 2) | (Level 3) | ||||||||||||
Financial Assets | |||||||||||||||||
Cash and cash equivalents | $ | 35,736 | $ | 35,736 | $ | - | $ | 35,736 | $ | - | |||||||
Investment securities | 28,688 | 28,688 | - | 28,688 | - | ||||||||||||
Nonmarketable equity securities | 2,282 | 2,282 | - | 2,282 | - | ||||||||||||
Loans held for sale | 3,298 | 3,298 | - | 3,298 | - | ||||||||||||
Loans and leases | 401,369 | 401,652 | - | - | 401,652 | ||||||||||||
Financial Liabilities | |||||||||||||||||
Deposits | 388,949 | 389,220 | - | - | 389,220 | ||||||||||||
Short-term borrowings | 45,658 | 45,658 | - | 45,658 | - | ||||||||||||
Long-term borrowings | 16,000 | 16,008 | - | 16,008 | - | ||||||||||||
Subsequent_Event
Subsequent Event | 3 Months Ended |
Mar. 31, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
Note 13: Subsequent Event | |
On April 24, 2014, Howard Bancorp, Inc. and Rising Sun Bancorp, Inc. jointly announced that their respective banking subsidiaries, Howard Bank and NBRS Financial Bank (NBRS), have entered into a purchase and assumption agreement for Howard Bank to purchase the NBRS Bank branch located at 800 Revolution Street, Havre de Grace, MD 21078. | |
Pursuant to the agreement, Howard Bank expects to acquire approximately $17 million in loans and assume approximately $21 million in deposits from NBRS. | |
The completion of the transaction is subject to customary closing conditions, including receipt of all necessary regulatory approvals, and is expected to be completed in the third quarter of 2014. | |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Consolidation, Policy [Policy Text Block] | ' |
Principles of Consolidation | |
The consolidated financial statements include the accounts of Bancorp, its subsidiary bank and the bank’s subsidiaries. All significant intercompany accounts and transactions have been eliminated. Certain reclassifications may have been made to the prior year’s consolidated financial statements to conform to current period presentation. | |
Use of Estimates, Policy [Policy Text Block] | ' |
Use of Estimates | |
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near-term relate to the determination of the allowance for credit losses, other-than-temporary impairment of investment securities, deferred income taxes and share-based compensation. | |
Segment Reporting, Policy [Policy Text Block] | ' |
Segment Information | |
The Company has one reportable segment, “Community Banking.” All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the others. For example, lending is dependent upon the ability of the Bank to fund itself with deposits and other borrowings and manage interest rate and credit risk. Accordingly, all significant operating decisions are based upon analysis of the Company as one segment or unit. | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
New Accounting Pronouncements | |
ASU No. 2014-4, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force). The guidance clarifies when an “in substance repossession or foreclosure” occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, such that all or a portion of the loan should be derecognized and the real estate property recognized. ASU 2014-04 states that a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure, or the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The amendments of ASU 2014-04 also require interim and annual disclosure of both the amount of foreclosed residential real estate property held by the creditor and the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure. The amendments of ASU 2014-04 are effective for interim and annual periods beginning after December 15, 2014, and may be applied using either a modified retrospective transition method or a prospective transition method as described in ASU 2014-04. The Company will evaluate this amendment but does not believe they will have an impact on its financial position or results of operations. | |
Investments_Securities_Tables
Investments Securities (Tables) | 3 Months Ended | |||||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||||
Equity Method Investments and Joint Ventures [Abstract] | ' | |||||||||||||||||||||||||
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | ' | |||||||||||||||||||||||||
The amortized cost and estimated fair values of investments available for sale are as follows: | ||||||||||||||||||||||||||
(in thousands) | March 31, 2014 | December 31, 2013 | ||||||||||||||||||||||||
Gross | Gross | Gross | Gross | |||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Estimated | Amortized | Unrealized | Unrealized | Estimated | |||||||||||||||||||
Cost | Gains | Losses | Fair Value | Cost | Gains | Losses | Fair Value | |||||||||||||||||||
U.S. Government agencies | $ | 20,522 | $ | 2 | $ | - | $ | 20,524 | $ | 28,522 | $ | 1 | $ | 2 | $ | 28,521 | ||||||||||
Mortgage-backed | 140 | 9 | - | 149 | 157 | 10 | - | 167 | ||||||||||||||||||
$ | 20,662 | $ | 11 | $ | - | $ | 20,673 | $ | 28,679 | $ | 11 | $ | 2 | $ | 28,688 | |||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | |||||||||||||||||||||||||
Gross unrealized losses and fair value by investment category and length of time the individual securities have been in a continuous unrealized loss position at December 31, 2013 is presented below: | ||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||
(in thousands) | Less than 12 months | 12 months or more | Total | |||||||||||||||||||||||
Gross | Gross | Gross | ||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||||
U.S. Government agencies | $ | 15,994 | $ | 2 | $ | - | $ | - | $ | 15,994 | $ | 2 | ||||||||||||||
Mortgage-backed | - | - | - | - | - | - | ||||||||||||||||||||
$ | 15,994 | $ | 2 | $ | - | $ | - | $ | 15,994 | $ | 2 | |||||||||||||||
Schedule of Available-for-sale by Debt Maturity [Table Text Block] | ' | |||||||||||||||||||||||||
The amortized cost and estimated fair values of investments available for sale by contractual maturity are shown below: | ||||||||||||||||||||||||||
(in thousands) | March 31, 2014 | December 31, 2013 | ||||||||||||||||||||||||
Amortized | Estimated Fair | Amortized | Estimated Fair | |||||||||||||||||||||||
Cost | Value | Cost | Value | |||||||||||||||||||||||
Amounts maturing: | ||||||||||||||||||||||||||
One year or less | $ | 20,522 | $ | 20,524 | $ | 28,522 | $ | 28,521 | ||||||||||||||||||
After one through five years | 41 | 44 | 51 | 54 | ||||||||||||||||||||||
After five through ten years | 99 | 105 | 106 | 113 | ||||||||||||||||||||||
After ten years | - | - | - | - | ||||||||||||||||||||||
$ | 20,662 | $ | 20,673 | $ | 28,679 | $ | 28,688 | |||||||||||||||||||
Loans_and_Leases_Tables
Loans and Leases (Tables) | 3 Months Ended | |||||||||||
Mar. 31, 2014 | ||||||||||||
Receivables [Abstract] | ' | |||||||||||
Schedule of Receivables with Imputed Interest [Table Text Block] | ' | |||||||||||
The loan portfolio segment balances at March 31, 2014 and December 31, 2013 are presented in the following table: | ||||||||||||
March 31, | December 31, | |||||||||||
(in thousands) | 2014 | % of Total | 2013 | % of Total | ||||||||
Real estate | ||||||||||||
Construction and land | $ | 58,393 | 14 | % | $ | 50,884 | 12.6 | % | ||||
Residential - first lien | 43,872 | 10.5 | 39,249 | 9.7 | ||||||||
Residential - junior lien | 8,920 | 2.1 | 8,266 | 2 | ||||||||
Total residential real estate | 52,792 | 12.6 | 47,515 | 11.7 | ||||||||
Commercial - owner occupied | 87,264 | 20.9 | 90,333 | 22.4 | ||||||||
Commercial - non-owner occupied | 118,120 | 28.4 | 113,559 | 28.1 | ||||||||
Total commercial real estate | 205,384 | 49.3 | 203,892 | 50.5 | ||||||||
Total real estate loans | 316,569 | 76 | 302,291 | 74.8 | ||||||||
Commercial loans and leases | 98,994 | 23.8 | 100,410 | 24.9 | ||||||||
Consumer | 1,069 | 0.3 | 1,174 | 0.3 | ||||||||
Total loans | $ | 416,632 | 100 | % | $ | 403,875 | 100 | % | ||||
Credit_Quality_Assessment_Tabl
Credit Quality Assessment (Tables) | 3 Months Ended | |||||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||||
Receivables [Abstract] | ' | |||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Table Text Block] | ' | |||||||||||||||||||||||||
The following table provides information on the activity in the allowance for credit losses by the respective loan portfolio segment for the three month periods ended March 31, 2014 and 2013: | ||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||
Commercial | Commercial | Commercial | ||||||||||||||||||||||||
Construction | Residential | Residential | owner | non-owner | loans | Consumer | ||||||||||||||||||||
(in thousands) | and land | first lien | junior lien | occupied | occupied | and leases | loans | Total | ||||||||||||||||||
Allowance for credit losses: | ||||||||||||||||||||||||||
Beginning balance | $ | 122 | $ | 200 | $ | 34 | $ | 131 | $ | 541 | $ | 1,464 | $ | 14 | $ | 2,506 | ||||||||||
Charge-offs | - | - | - | - | - | - | - | - | ||||||||||||||||||
Recoveries | - | - | - | - | 4 | 14 | 18 | |||||||||||||||||||
Provision for credit losses | 21 | -13 | -18 | 6 | 141 | 40 | -1 | 176 | ||||||||||||||||||
Ending balance | $ | 143 | $ | 187 | $ | 16 | $ | 137 | $ | 686 | $ | 1,518 | $ | 13 | $ | 2,700 | ||||||||||
Ending balance: | ||||||||||||||||||||||||||
individually evaluated for impairment | - | 4 | - | - | 123 | 188 | - | 315 | ||||||||||||||||||
collectively evaluated for impairment | 143 | 183 | 16 | 137 | 563 | 1,330 | 13 | 2,385 | ||||||||||||||||||
Loans: | ||||||||||||||||||||||||||
Ending balance | 58,393 | 43,872 | 8,920 | 87,264 | 118,120 | 98,994 | 1,069 | 416,632 | ||||||||||||||||||
Ending balance: | ||||||||||||||||||||||||||
individually evaluated for impairment | - | 324 | - | - | 3,276 | 2,447 | - | 6,047 | ||||||||||||||||||
collectively evaluated for impairment | 58,393 | 43,548 | 8,920 | 87,264 | 114,844 | 96,547 | 1,069 | 410,585 | ||||||||||||||||||
March 31, 2013 | ||||||||||||||||||||||||||
Commercial | Commercial | Commercial | ||||||||||||||||||||||||
Construction | Residential | Residential | owner | non-owner | loans | Consumer | ||||||||||||||||||||
(in thousands) | and land | first lien | junior lien | occupied | occupied | and leases | loans | Total | ||||||||||||||||||
Allowance for credit losses: | ||||||||||||||||||||||||||
Beginning balance | $ | 127 | $ | 204 | $ | 22 | $ | 650 | $ | 505 | $ | 1,227 | $ | 29 | $ | 2,764 | ||||||||||
Charge-offs | - | -183 | - | - | - | - | - | -183 | ||||||||||||||||||
Recoveries | - | - | - | - | 30 | 8 | - | 38 | ||||||||||||||||||
Provision for credit losses | 11 | 110 | - | - | -67 | 307 | - | 361 | ||||||||||||||||||
Ending balance | $ | 138 | $ | 131 | $ | 22 | $ | 650 | $ | 468 | $ | 1,542 | $ | 29 | $ | 2,980 | ||||||||||
Ending balance: | ||||||||||||||||||||||||||
individually evaluated for impairment | 21 | - | - | - | 148 | 547 | - | 716 | ||||||||||||||||||
collectively evaluated for impairment | 117 | 131 | 22 | 650 | 320 | 995 | 29 | 2,264 | ||||||||||||||||||
Loans: | ||||||||||||||||||||||||||
Ending balance | 41,588 | 28,796 | 8,241 | 74,248 | 88,598 | 88,317 | 1,217 | 331,005 | ||||||||||||||||||
Ending balance: | ||||||||||||||||||||||||||
individually evaluated for impairment | 370 | - | - | - | 3,118 | 1,884 | - | 5,372 | ||||||||||||||||||
collectively evaluated for impairment | 41,218 | 28,796 | 8,241 | 74,248 | 85,480 | 86,433 | 1,217 | 325,633 | ||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | |||||||||||||||||||||||||
Credit risk profile by portfolio segment based upon internally assigned risk assignments are presented below: | ||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||
Commercial | Commercial | Commercial | ||||||||||||||||||||||||
Construction | Residential | Residential | owner | non-owner | loans | Consumer | ||||||||||||||||||||
(in thousands) | and land | first lien | junior lien | occupied | occupied | and leases | loans | Total | ||||||||||||||||||
Credit quality indicators: | ||||||||||||||||||||||||||
Not classified | $ | 58,393 | $ | 43,548 | $ | 8,920 | $ | 87,264 | $ | 117,567 | $ | 96,918 | $ | 1,069 | $ | 413,679 | ||||||||||
Special mention | - | - | - | - | - | - | - | - | ||||||||||||||||||
Substandard | - | 324 | - | - | 553 | 2,076 | - | 2,953 | ||||||||||||||||||
Doubtful | - | - | - | - | - | - | - | - | ||||||||||||||||||
Total | $ | 58,393 | $ | 43,872 | $ | 8,920 | $ | 87,264 | $ | 118,120 | $ | 98,994 | $ | 1,069 | $ | 416,632 | ||||||||||
December 31, 2013 | ||||||||||||||||||||||||||
Commercial | Commercial | Commercial | ||||||||||||||||||||||||
Construction | Residential | Residential | owner | non-owner | loans | Consumer | ||||||||||||||||||||
(in thousands) | and land | first lien | junior lien | occupied | occupied | and leases | loans | Total | ||||||||||||||||||
Credit quality indicators: | ||||||||||||||||||||||||||
Not classified | $ | 50,884 | $ | 38,918 | $ | 8,266 | $ | 90,333 | $ | 113,301 | $ | 97,817 | $ | 1,174 | $ | 400,693 | ||||||||||
Special mention | - | - | - | - | - | - | - | - | ||||||||||||||||||
Substandard | - | 331 | - | - | 258 | 2,593 | - | 3,182 | ||||||||||||||||||
Doubtful | - | - | - | - | - | - | - | - | ||||||||||||||||||
Total | $ | 50,884 | $ | 39,249 | $ | 8,266 | $ | 90,333 | $ | 113,559 | $ | 100,410 | $ | 1,174 | $ | 403,875 | ||||||||||
Past Due Financing Receivables [Table Text Block] | ' | |||||||||||||||||||||||||
An aged analysis of past due loans are as follows: | ||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||
Commercial | Commercial | Commercial | ||||||||||||||||||||||||
Construction | Residential | Residential | owner | non-owner | loans | Consumer | ||||||||||||||||||||
(in thousands) | and land | first lien | junior lien | occupied | occupied | and leases | loans | Total | ||||||||||||||||||
Analysis of past due loans: | ||||||||||||||||||||||||||
Accruing loans current | $ | 57,671 | $ | 43,227 | $ | 8,827 | $ | 87,264 | $ | 114,685 | $ | 95,897 | $ | 1,067 | $ | 408,638 | ||||||||||
Accruing loans past due: | ||||||||||||||||||||||||||
31-59 days past due | - | 321 | 93 | - | - | 627 | 1 | 1,042 | ||||||||||||||||||
60-89 days past due | 722 | - | - | - | 2,723 | 150 | 1 | 3,596 | ||||||||||||||||||
Greater than 90 days past due | - | - | - | - | 159 | 244 | - | 403 | ||||||||||||||||||
Total past due | 722 | 321 | 93 | - | 2,882 | 1,021 | 2 | 5,041 | ||||||||||||||||||
Non-accrual loans | - | 324 | - | - | 553 | 2,076 | - | 2,953 | ||||||||||||||||||
Total loans | $ | 58,393 | $ | 43,872 | $ | 8,920 | $ | 87,264 | $ | 118,120 | $ | 98,994 | $ | 1,069 | $ | 416,632 | ||||||||||
December 31, 2013 | ||||||||||||||||||||||||||
Commercial | Commercial | Commercial | ||||||||||||||||||||||||
Construction | Residential | Residential | owner | non-owner | loans | Consumer | ||||||||||||||||||||
(in thousands) | and land | first lien | junior lien | occupied | occupied | and leases | loans | Total | ||||||||||||||||||
Analysis of past due loans: | ||||||||||||||||||||||||||
Accruing loans current | $ | 50,884 | $ | 38,025 | $ | 8,266 | $ | 90,333 | $ | 113,142 | $ | 97,127 | $ | 1,174 | $ | 398,951 | ||||||||||
Accruing loans past due: | ||||||||||||||||||||||||||
31-59 days past due | - | 570 | - | - | - | 150 | - | 720 | ||||||||||||||||||
60-89 days past due | - | 323 | - | - | - | 244 | - | 567 | ||||||||||||||||||
Greater than 90 days past due | - | - | - | - | 159 | 296 | - | 455 | ||||||||||||||||||
Total past due | - | 893 | - | - | 159 | 690 | - | 1,742 | ||||||||||||||||||
Non-accrual loans | - | 331 | - | - | 258 | 2,593 | - | 3,182 | ||||||||||||||||||
Total loans | $ | 50,884 | $ | 39,249 | $ | 8,266 | $ | 90,333 | $ | 113,559 | $ | 100,410 | $ | 1,174 | $ | 403,875 | ||||||||||
Impaired Financing Receivables [Table Text Block] | ' | |||||||||||||||||||||||||
The impaired loans at March 31, 2014 and December 31, 2013 are as follows: | ||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||
Commercial | Commercial | Commercial | ||||||||||||||||||||||||
Construction | Residential | Residential | owner | non-owner | loans | Consumer | ||||||||||||||||||||
(in thousands) | & land | first lien | junior lien | occupied | occupied | and leases | loans | Total | ||||||||||||||||||
Impaired loans: | ||||||||||||||||||||||||||
Recorded investment | $ | - | $ | 324 | $ | - | $ | - | $ | 3,276 | $ | 2,447 | $ | - | $ | 6,047 | ||||||||||
With an allowance recorded | - | 324 | - | - | 553 | 580 | - | 1,457 | ||||||||||||||||||
With no related allowance recorded | - | - | - | - | 2,723 | 1,867 | - | 4,590 | ||||||||||||||||||
Related allowance | - | 4 | - | - | 123 | 188 | - | 315 | ||||||||||||||||||
Unpaid principal | - | 324 | - | - | 3,276 | 2,505 | - | 6,105 | ||||||||||||||||||
Average balance of impaired loans | - | 330 | - | - | 3,280 | 3,469 | - | 7,079 | ||||||||||||||||||
Interest income recognized | - | 5 | - | - | 17 | 40 | - | 62 | ||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||
Commercial | Commercial | Commercial | ||||||||||||||||||||||||
Construction | Residential | Residential | owner | non-owner | loans | Consumer | ||||||||||||||||||||
(in thousands) | & land | first lien | junior lien | occupied | occupied | and leases | loans | Total | ||||||||||||||||||
Impaired loans: | ||||||||||||||||||||||||||
Recorded investment | $ | - | $ | 331 | $ | - | $ | - | $ | 2,984 | $ | 2,975 | $ | - | $ | 6,290 | ||||||||||
With an allowance recorded | - | 331 | - | - | 258 | 677 | - | 1,266 | ||||||||||||||||||
With no related allowance recorded | - | - | - | - | 2,726 | 2,298 | - | 5,024 | ||||||||||||||||||
Related allowance | - | 4 | - | - | 31 | 224 | - | 259 | ||||||||||||||||||
Unpaid principal | - | 331 | - | - | 2,984 | 2,978 | - | 6,293 | ||||||||||||||||||
Average balance of impaired loans | - | 333 | - | - | 2,994 | 3,706 | - | 7,033 | ||||||||||||||||||
Interest income recognized | - | 15 | - | - | 208 | 120 | - | 343 | ||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | |||||||||||||||||||||||||
The trouble debt restructured loans (“TDRs”) at March 31, 2014 and December 31, 2013 are as follows: | ||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||
Number | Non-Accrual | Number | Accrual | Total | ||||||||||||||||||||||
(dollars in thousands) | of Loans | Status | of Loans | Status | TDRs | |||||||||||||||||||||
Commercial loans | 6 | $ | 829 | - | $ | - | $ | 829 | ||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||
Number | Non-Accrual | Number | Accrual | Total | ||||||||||||||||||||||
(dollars in thousands) | of Loans | Status | of Loans | Status | TDRs | |||||||||||||||||||||
Commercial loans | 6 | $ | 861 | - | $ | - | $ | 861 | ||||||||||||||||||
Summary of Troubled Debt Restructuring Outstanding and Performance [Table Text Block] | ' | |||||||||||||||||||||||||
A summary of TDR modifications outstanding and performance under modified terms are as follows: | ||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||
Not Performing | Performing | |||||||||||||||||||||||||
to Modified | to Modified | Total | ||||||||||||||||||||||||
(in thousands) | Terms | Terms | TDRs | |||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||
Interest only payments | $ | - | $ | - | $ | - | ||||||||||||||||||||
Rate modification | - | - | - | |||||||||||||||||||||||
Forberance | 829 | - | 829 | |||||||||||||||||||||||
Extension or other modification | - | - | - | |||||||||||||||||||||||
Total commercial | $ | 829 | $ | - | $ | 829 | ||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||
Not Performing | Performing | |||||||||||||||||||||||||
to Modified | to Modified | Total | ||||||||||||||||||||||||
(in thousands) | Terms | Terms | TDRs | |||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||
Interest only payments | $ | - | $ | - | $ | - | ||||||||||||||||||||
Rate modification | - | - | - | |||||||||||||||||||||||
Forberance | 861 | - | 861 | |||||||||||||||||||||||
Extension or other modification | - | - | - | |||||||||||||||||||||||
Total commercial | $ | 861 | $ | - | $ | 861 | ||||||||||||||||||||
Intangible_Asset_Tables
Intangible Asset (Tables) | 3 Months Ended | |||||||||||||
Mar. 31, 2014 | ||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||
Finite-lived Intangible Assets Amortization Expense [Table Text Block] | ' | |||||||||||||
The gross carrying amount and accumulated amortization of intangible assets are as follows: | ||||||||||||||
March 31, 2014 | Weighted | |||||||||||||
Gross | Net | Average | ||||||||||||
Carrying | Accumulated | Carrying | Remaining Life | |||||||||||
(in thousands) | Amount | Amortization | Amount | (Years) | ||||||||||
Amortizing intangible assets: | ||||||||||||||
Core deposit intangible | $ | 376 | $ | 54 | $ | 322 | 8.76 | |||||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | ' | |||||||||||||
Estimated future amortizing expense for amortizing intangibles within the years ending December 31, are as follows: | ||||||||||||||
(in thousands) | ||||||||||||||
2014 | $ | 53 | ||||||||||||
2015 | 57 | |||||||||||||
2016 | 46 | |||||||||||||
2017 | 36 | |||||||||||||
2018 | 29 | |||||||||||||
Thereafter | 101 | |||||||||||||
Total amortizing intangible assets | $ | 322 | ||||||||||||
Deposits_Tables
Deposits (Tables) | 3 Months Ended | |||||||||||
Mar. 31, 2014 | ||||||||||||
Banking and Thrift [Abstract] | ' | |||||||||||
Schedule of Deposits [Table Text Block] | ' | |||||||||||
The following table details the composition of deposits and the related percentage mix of total deposits, respectively: | ||||||||||||
(dollars in thousands) | March 31, 2014 | December 31, 2013 | ||||||||||
% of | % of | |||||||||||
Amount | Total | Amount | Total | |||||||||
Noninterest-bearing demand | $ | 93,833 | 23 | % | $ | 89,759 | 23 | % | ||||
Interest-bearing checking | 34,512 | 9 | 31,443 | 8 | ||||||||
Money market accounts | 101,270 | 25 | 96,365 | 25 | ||||||||
Savings | 12,605 | 3 | 12,496 | 3 | ||||||||
Certificates of deposit $100,000 and over | 113,522 | 29 | 110,516 | 29 | ||||||||
Certificates of deposit under $100,000 | 45,556 | 11 | 48,370 | 12 | ||||||||
Total deposits | $ | 401,298 | 100 | % | $ | 388,949 | 100 | % | ||||
Stock_Options_Awards_and_Warra1
Stock Options, Awards and Warrants (Tables) | 3 Months Ended | |||||||||||
Mar. 31, 2014 | ||||||||||||
Stock Options Awards and Warrants [Abstract] | ' | |||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | |||||||||||
The following table summarizes the Company’s stock option activity and related information for the period ended: | ||||||||||||
March 31, 2014 | December 31, 2013 | |||||||||||
Weighted | Weighted | |||||||||||
Average | Average | |||||||||||
Exercise | Exercise | |||||||||||
Shares | Price | Shares | Price | |||||||||
Balance at January 1, 2014 | 387,101 | $ | 11.19 | 395,351 | $ | 11.16 | ||||||
Granted | - | - | - | - | ||||||||
Exercised | - | - | - | - | ||||||||
Forfeited | - | - | -8,250 | 9.9 | ||||||||
Balance at March 31, 2014 | 387,101 | $ | 11.19 | 387,101 | $ | 11.19 | ||||||
Exercisable at March 31, 2014 | 387,101 | $ | 11.19 | 387,101 | $ | 11.19 | ||||||
Weighted average fair value of options granted during the year | $ | - | $ | - | ||||||||
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | ' | |||||||||||
A summary of the activity for the Company’s restricted stock for the period indicated is presented in the following table: | ||||||||||||
Weighted | ||||||||||||
Average | ||||||||||||
Number | Grant-Date | |||||||||||
(In dollars, except share data) | of Shares | Fair Value | ||||||||||
Restricted stock at January 1, 2014 | 50,000 | $ | 6.89 | |||||||||
Granted | - | $ | - | |||||||||
Vested | - | $ | - | |||||||||
Forfeited | -6,668 | $ | 6.85 | |||||||||
Restricted stock at March 31, 2014 | 43,332 | $ | 6.89 | |||||||||
Income_per_Common_Share_Tables
Income per Common Share (Tables) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Earnings Per Share [Abstract] | ' | |||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | |||||||
The table below shows the presentation of basic and diluted income per common share for the periods ended: | ||||||||
Three months ended | ||||||||
March 31, | ||||||||
(dollars in thousands, except per share data) | 2014 | 2013 | ||||||
Net income | $ | 266 | $ | 483 | ||||
Preferred dividends | -31 | -69 | ||||||
Net income available to common shareholders (numerator) | $ | 235 | $ | 414 | ||||
BASIC | ||||||||
Average common shares outstanding (denominator) | 4,090,844 | 4,040,471 | ||||||
Basic income per common share | $ | 0.06 | $ | 0.1 | ||||
DILUTED | ||||||||
Average common shares outstanding | 4,090,844 | 4,040,471 | ||||||
Diluted effect of stock options and warrants | 42,274 | - | ||||||
Diluted average common shares outstanding (denominator) | 4,133,118 | 4,040,471 | ||||||
Diluted income per common share | $ | 0.06 | $ | 0.1 | ||||
Stock options and warrants outstanding that are anti-dilutive and thus excluded from calculation of diluted number of shares presented above | 111,458 | 514,727 | ||||||
RiskBased_Capital_Tables
Risk-Based Capital (Tables) | 3 Months Ended | |||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||
Banking and Thrift [Abstract] | ' | |||||||||||||||||||
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | ' | |||||||||||||||||||
Management believes that, as of March 31, 2014 and December 31, 2013 the Bank met all capital adequacy requirements to which it is subject. | ||||||||||||||||||||
To be well | ||||||||||||||||||||
capitalized under | ||||||||||||||||||||
the FDICIA | ||||||||||||||||||||
For capital | prompt corrective | |||||||||||||||||||
Actual | adequacy purposes | action provisions | ||||||||||||||||||
(dollars in thousands) | Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||
As of March 31, 2014: | ||||||||||||||||||||
Total capital (to risk-weighted assets) | ||||||||||||||||||||
Howard Bank | $ | 50,426 | 11.46 | % | $ | 35,194 | 8 | % | $ | 43,992 | 10 | % | ||||||||
Howard Bancorp | $ | 51,159 | 11.62 | % | $ | 35,207 | 8 | % | N/A | |||||||||||
Tier 1 capital (to risk-weighted assets) | ||||||||||||||||||||
Howard Bank | $ | 47,726 | 10.85 | % | $ | 17,597 | 4 | % | $ | 26,395 | 6 | % | ||||||||
Howard Bancorp | $ | 48,458 | 11.01 | % | $ | 17,604 | 4 | % | N/A | |||||||||||
Tier 1 capital (to average assets) | ||||||||||||||||||||
(Leverage ratio) | ||||||||||||||||||||
Howard Bank | $ | 47,726 | 9.62 | % | $ | 19,836 | 4 | % | $ | 24,795 | 5 | % | ||||||||
Howard Bancorp | $ | 48,458 | 9.77 | % | $ | 19,832 | 4 | % | N/A | |||||||||||
As of December 31, 2013: | ||||||||||||||||||||
Total capital (to risk-weighted assets) | ||||||||||||||||||||
Howard Bank | $ | 49,902 | 11.85 | % | $ | 33,684 | 8 | % | $ | 42,105 | 10 | % | ||||||||
Howard Bancorp | $ | 50,700 | 12.05 | % | $ | 33,668 | 8 | % | N/A | |||||||||||
Tier 1 capital (to risk-weighted assets) | ||||||||||||||||||||
Howard Bank | $ | 47,396 | 11.26 | % | $ | 16,842 | 4 | % | $ | 25,263 | 6 | % | ||||||||
Howard Bancorp | $ | 48,195 | 11.45 | % | $ | 16,834 | 4 | % | N/A | |||||||||||
Tier 1 capital (to average assets) | ||||||||||||||||||||
(Leverage ratio) | ||||||||||||||||||||
Howard Bank | $ | 47,396 | 9.77 | % | $ | 19,406 | 4 | % | $ | 24,257 | 5 | % | ||||||||
Howard Bancorp | $ | 48,195 | 9.93 | % | $ | 19,414 | 4 | % | N/A | |||||||||||
Fair_Value_Tables
Fair Value (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||
The following table sets forth the Company's financial assets and liabilities that were accounted for or disclosed at fair value on a recurring basis at March 31, 2014 and December 31, 2013. | |||||||||||||||||
March 31, 2014 | Quoted Price in | Significant | |||||||||||||||
Active Markets | Other | Significant | |||||||||||||||
Carrying | for Identical | Observable | Unobservable | ||||||||||||||
Value | Assets | Inputs | Inputs | ||||||||||||||
(in thousands) | (Fair Value) | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
Investment securities: | |||||||||||||||||
U.S. Goverment agencies | $ | 20,524 | $ | - | $ | 20,524 | $ | - | |||||||||
Mortgage-backed securities | 149 | - | 149 | - | |||||||||||||
December 31, 2013 | Quoted Price in | Significant | |||||||||||||||
Active Markets | Other | Significant | |||||||||||||||
Carrying | for Identical | Observable | Unobservable | ||||||||||||||
Value | Assets | Inputs | Inputs | ||||||||||||||
(in thousands) | (Fair Value) | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
Investment securities: | |||||||||||||||||
U.S. Goverment agencies | $ | 28,521 | $ | - | $ | 28,521 | $ | - | |||||||||
Mortgage-backed securities | 167 | - | 167 | - | |||||||||||||
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | ' | ||||||||||||||||
The following table sets forth the Company's financial assets and liabilities that were accounted for or disclosed at fair value on a nonrecurring basis as of March 31, 2014 and December 31, 2013. | |||||||||||||||||
March 31,2014 | Quoted Price in | Significant | |||||||||||||||
Active Markets | Other | Significant | |||||||||||||||
Carrying | for Identical | Observable | Unobservable | ||||||||||||||
Value | Assets | Inputs | Inputs | ||||||||||||||
(in thousands) | (Fair Value) | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
Other real estate owned | $ | 2,377 | $ | - | $ | - | $ | 2,377 | |||||||||
Loans held for sale | 17,034 | - | 17,034 | - | |||||||||||||
Impaired loans: | |||||||||||||||||
Construction and land | - | - | - | - | |||||||||||||
Residential - first lien | 320 | - | - | 320 | |||||||||||||
Residential - junior lien | - | - | - | - | |||||||||||||
Commercial - owner occupied | - | - | - | - | |||||||||||||
Commercial - non-owner occupied | 3,153 | - | - | 3,153 | |||||||||||||
Commercial loans and leases | 2,259 | - | - | 2,259 | |||||||||||||
Consumer | - | - | - | - | |||||||||||||
December 31, 2013 | Quoted Price in | Significant | |||||||||||||||
Active Markets | Other | Significant | |||||||||||||||
Carrying | for Identical | Observable | Unobservable | ||||||||||||||
Value | Assets | Inputs | Inputs | ||||||||||||||
(in thousands) | (Fair Value) | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
Other real estate owned | $ | 2,377 | $ | - | $ | - | $ | 2,377 | |||||||||
Loans held for sale | 3,298 | - | 3,298 | - | |||||||||||||
Impaired loans: | |||||||||||||||||
Construction and land | - | - | - | - | |||||||||||||
Residential - first lien | 327 | - | - | 327 | |||||||||||||
Residential - junior lien | - | - | - | - | |||||||||||||
Commercial - owner occupied | - | - | - | - | |||||||||||||
Commercial - non-owner occupied | 2,953 | - | - | 2,953 | |||||||||||||
Commercial loans and leases | 2,751 | - | - | 2,751 | |||||||||||||
Consumer | - | - | - | - | |||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||
However, because there is no market for many of these financial instruments, management has no basis to determine whether the fair value presented for loans would be indicative of the value negotiated in an actual sale. | |||||||||||||||||
March 31, 2014 | |||||||||||||||||
Quoted Price in | Significant | ||||||||||||||||
Active Markets | Other | Significant | |||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||
Carrying | Fair | Assets | Inputs | Inputs | |||||||||||||
(in thousands) | Amount | Value | (Level 1) | (Level 2) | (Level 3) | ||||||||||||
Financial Assets | |||||||||||||||||
Cash and cash equivalents | $ | 24,976 | $ | 24,976 | $ | - | $ | 24,976 | $ | - | |||||||
Investment securities | 20,673 | 20,673 | - | 20,673 | - | ||||||||||||
Nonmarketable equity securities | 2,475 | 2,475 | - | 2,475 | - | ||||||||||||
Loans held for sale | 17,034 | 17,034 | - | 17,034 | - | ||||||||||||
Loans and leases | 416,632 | 416,710 | - | - | 416,710 | ||||||||||||
Financial Liabilities | |||||||||||||||||
Deposits | 401,298 | 401,622 | - | - | 401,622 | ||||||||||||
Short-term borrowings | 35,627 | 35,627 | - | 35,627 | - | ||||||||||||
Long-term borrowings | 21,500 | 21,461 | - | 21,461 | - | ||||||||||||
December 31, 2013 | |||||||||||||||||
Quoted Price in | Significant | ||||||||||||||||
Active Markets | Other | Significant | |||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||
Carrying | Fair | Assets | Inputs | Inputs | |||||||||||||
(in thousands) | Amount | Value | (Level 1) | (Level 2) | (Level 3) | ||||||||||||
Financial Assets | |||||||||||||||||
Cash and cash equivalents | $ | 35,736 | $ | 35,736 | $ | - | $ | 35,736 | $ | - | |||||||
Investment securities | 28,688 | 28,688 | - | 28,688 | - | ||||||||||||
Nonmarketable equity securities | 2,282 | 2,282 | - | 2,282 | - | ||||||||||||
Loans held for sale | 3,298 | 3,298 | - | 3,298 | - | ||||||||||||
Loans and leases | 401,369 | 401,652 | - | - | 401,652 | ||||||||||||
Financial Liabilities | |||||||||||||||||
Deposits | 388,949 | 389,220 | - | - | 389,220 | ||||||||||||
Short-term borrowings | 45,658 | 45,658 | - | 45,658 | - | ||||||||||||
Long-term borrowings | 16,000 | 16,008 | - | 16,008 | - | ||||||||||||
Investments_Securities_Details
Investments Securities (Details) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | $20,662 | $28,679 |
Gross Unrealized Gains | 11 | 11 |
Gross Unrealized Losses | 0 | 2 |
Estimated Fair Value | 20,673 | 28,688 |
US Government Agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 20,522 | 28,522 |
Gross Unrealized Gains | 2 | 1 |
Gross Unrealized Losses | 0 | 2 |
Estimated Fair Value | 20,524 | 28,521 |
Collateralized Mortgage Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 140 | 157 |
Gross Unrealized Gains | 9 | 10 |
Gross Unrealized Losses | 0 | 0 |
Estimated Fair Value | $149 | $167 |
Investments_Securities_Details1
Investments Securities (Details 1) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 |
Available For Sale Securities Continuous Unrealized Loss Position [Line Items] | ' | ' |
Individual securities, Less than 12 months, Fair Value | ' | $15,994 |
Individual securities, Less than 12 months, Gross Unrealized Losses | 1 | 2 |
Individual securities, 12 months or more, Fair Value | ' | 0 |
Individual securities, 12 months or more, Gross Unrealized Losses | ' | 0 |
Individual securities, Total, Fair Value | ' | 15,994 |
Individual securities, Total, Gross Unrealized Losses | ' | 2 |
US Government Agencies [Member] | ' | ' |
Available For Sale Securities Continuous Unrealized Loss Position [Line Items] | ' | ' |
Individual securities, Less than 12 months, Fair Value | ' | 15,994 |
Individual securities, Less than 12 months, Gross Unrealized Losses | ' | 2 |
Individual securities, 12 months or more, Fair Value | ' | 0 |
Individual securities, 12 months or more, Gross Unrealized Losses | ' | 0 |
Individual securities, Total, Fair Value | ' | 15,994 |
Individual securities, Total, Gross Unrealized Losses | ' | 2 |
Collateralized Mortgage Backed Securities [Member] | ' | ' |
Available For Sale Securities Continuous Unrealized Loss Position [Line Items] | ' | ' |
Individual securities, Less than 12 months, Fair Value | ' | 0 |
Individual securities, Less than 12 months, Gross Unrealized Losses | ' | 0 |
Individual securities, 12 months or more, Fair Value | ' | 0 |
Individual securities, 12 months or more, Gross Unrealized Losses | ' | 0 |
Individual securities, Total, Fair Value | ' | 0 |
Individual securities, Total, Gross Unrealized Losses | ' | $0 |
Investments_Securities_Details2
Investments Securities (Details 2) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Amounts maturing: | ' | ' |
One year or less, Amortized Cost | $20,522 | $28,522 |
After one through five years, Amortized Cost | 41 | 51 |
After five through ten years, Amortized Cost | 99 | 106 |
After ten years, Amortized Cost | 0 | 0 |
Amortized Cost | 20,662 | 28,679 |
One year or less, Estimated Fair value | 20,524 | 28,521 |
After one through five years, Estimated Fair value | 44 | 54 |
After five through ten years, Estimated Fair value | 105 | 113 |
After ten years, Estimated Fair value | 0 | 0 |
Estimated Fair Value | $20,673 | $28,688 |
Investments_Securities_Details3
Investments Securities (Details Textual) (USD $) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2014 | Dec. 31, 2013 | |
Securities Pledged For Repurchase Agreements [Line Items] | ' | ' |
Pledged Assets Separately Reported, Securities Pledged for Repurchase Agreements, at Fair Value | $11,000,000 | $20,700,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | $1,000 | $2,000 |
Loans_and_Leases_Details
Loans and Leases (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 |
In Thousands, unless otherwise specified | |||
Loans and Leases Receivable [Line Items] | ' | ' | ' |
Loans and Leases | $416,632 | $403,875 | $331,005 |
Loans and Leases, Net Percent | 100.00% | 100.00% | ' |
Construction and Land [Member] | ' | ' | ' |
Loans and Leases Receivable [Line Items] | ' | ' | ' |
Loans and Leases | 58,393 | 50,884 | 41,588 |
Loans and Leases, Net Percent | 14.00% | 12.60% | ' |
Residential - First Lien [Member] | ' | ' | ' |
Loans and Leases Receivable [Line Items] | ' | ' | ' |
Loans and Leases | 43,872 | 39,249 | 28,796 |
Loans and Leases, Net Percent | 10.50% | 9.70% | ' |
Residential Junior Lien [Member] | ' | ' | ' |
Loans and Leases Receivable [Line Items] | ' | ' | ' |
Loans and Leases | 8,920 | 8,266 | 8,241 |
Loans and Leases, Net Percent | 2.10% | 2.00% | ' |
Residential Real Estate [Member] | ' | ' | ' |
Loans and Leases Receivable [Line Items] | ' | ' | ' |
Loans and Leases | 52,792 | 47,515 | ' |
Loans and Leases, Net Percent | 12.60% | 11.70% | ' |
Commercial Owner Occupied [Member] | ' | ' | ' |
Loans and Leases Receivable [Line Items] | ' | ' | ' |
Loans and Leases | 87,264 | 90,333 | 74,248 |
Loans and Leases, Net Percent | 20.90% | 22.40% | ' |
Commercial Non Owner Occupied [Member] | ' | ' | ' |
Loans and Leases Receivable [Line Items] | ' | ' | ' |
Loans and Leases | 118,120 | 113,559 | 88,598 |
Loans and Leases, Net Percent | 28.40% | 28.10% | ' |
Commercial Real Estate [Member] | ' | ' | ' |
Loans and Leases Receivable [Line Items] | ' | ' | ' |
Loans and Leases | 205,384 | 203,892 | ' |
Loans and Leases, Net Percent | 49.30% | 50.50% | ' |
Real Estate [Member] | ' | ' | ' |
Loans and Leases Receivable [Line Items] | ' | ' | ' |
Loans and Leases | 316,569 | 302,291 | ' |
Loans and Leases, Net Percent | 76.00% | 74.80% | ' |
Commercial Loan [Member] | ' | ' | ' |
Loans and Leases Receivable [Line Items] | ' | ' | ' |
Loans and Leases | 98,994 | 100,410 | ' |
Loans and Leases, Net Percent | 23.80% | 24.90% | ' |
Consumer Loan [Member] | ' | ' | ' |
Loans and Leases Receivable [Line Items] | ' | ' | ' |
Loans and Leases | $1,069 | $1,174 | $1,217 |
Loans and Leases, Net Percent | 0.30% | 0.30% | ' |
Loans_and_Leases_Details_Textu
Loans and Leases (Details Textual) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Loans and Leases Receivable [Line Items] | ' | ' |
Loans Receivable Held-for-sale, Net | $17,034 | $3,298 |
Credit_Quality_Assessment_Deta
Credit Quality Assessment (Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Allowance for credit losses, Beginning balance | $2,506 | $2,764 | ' |
Allowance for credit losses, Charge-offs | 0 | -183 | ' |
Allowance for credit losses, Recoveries | 18 | 38 | ' |
Allowance for credit losses, Provision for credit losses | 176 | 361 | ' |
Allowance for credit losses, Ending balance | 2,700 | 2,980 | ' |
Allowance for credit losses, Ending balance, individually evaluated for impairment | 315 | 716 | ' |
Allowance for credit losses, Ending balance, collectively evaluated for impairment | 2,385 | 2,264 | ' |
Loans, Ending balance | 416,632 | 331,005 | 403,875 |
Loans, Ending balance, individually evaluated for impairment | 6,047 | 5,372 | ' |
Loans, Ending balance, collectively evaluated for impairment | 410,585 | 325,633 | ' |
Construction and Land [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Allowance for credit losses, Beginning balance | 122 | 127 | ' |
Allowance for credit losses, Charge-offs | 0 | 0 | ' |
Allowance for credit losses, Recoveries | 0 | 0 | ' |
Allowance for credit losses, Provision for credit losses | 21 | 11 | ' |
Allowance for credit losses, Ending balance | 143 | 138 | ' |
Allowance for credit losses, Ending balance, individually evaluated for impairment | 0 | 21 | ' |
Allowance for credit losses, Ending balance, collectively evaluated for impairment | 143 | 117 | ' |
Loans, Ending balance | 58,393 | 41,588 | 50,884 |
Loans, Ending balance, individually evaluated for impairment | 0 | 370 | ' |
Loans, Ending balance, collectively evaluated for impairment | 58,393 | 41,218 | ' |
Residential - First Lien [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Allowance for credit losses, Beginning balance | 200 | 204 | ' |
Allowance for credit losses, Charge-offs | 0 | -183 | ' |
Allowance for credit losses, Recoveries | 0 | 0 | ' |
Allowance for credit losses, Provision for credit losses | -13 | 110 | ' |
Allowance for credit losses, Ending balance | 187 | 131 | ' |
Allowance for credit losses, Ending balance, individually evaluated for impairment | 4 | 0 | ' |
Allowance for credit losses, Ending balance, collectively evaluated for impairment | 183 | 131 | ' |
Loans, Ending balance | 43,872 | 28,796 | 39,249 |
Loans, Ending balance, individually evaluated for impairment | 324 | 0 | ' |
Loans, Ending balance, collectively evaluated for impairment | 43,548 | 28,796 | ' |
Residential - Junior Lien [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Allowance for credit losses, Beginning balance | 34 | 22 | ' |
Allowance for credit losses, Charge-offs | 0 | 0 | ' |
Allowance for credit losses, Recoveries | 0 | 0 | ' |
Allowance for credit losses, Provision for credit losses | -18 | 0 | ' |
Allowance for credit losses, Ending balance | 16 | 22 | ' |
Allowance for credit losses, Ending balance, individually evaluated for impairment | 0 | 0 | ' |
Allowance for credit losses, Ending balance, collectively evaluated for impairment | 16 | 22 | ' |
Loans, Ending balance | 8,920 | 8,241 | 8,266 |
Loans, Ending balance, individually evaluated for impairment | 0 | 0 | ' |
Loans, Ending balance, collectively evaluated for impairment | 8,920 | 8,241 | ' |
Commercial - Owner Occupied [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Allowance for credit losses, Beginning balance | 131 | 650 | ' |
Allowance for credit losses, Charge-offs | 0 | 0 | ' |
Allowance for credit losses, Recoveries | 0 | 0 | ' |
Allowance for credit losses, Provision for credit losses | 6 | 0 | ' |
Allowance for credit losses, Ending balance | 137 | 650 | ' |
Allowance for credit losses, Ending balance, individually evaluated for impairment | 0 | 0 | ' |
Allowance for credit losses, Ending balance, collectively evaluated for impairment | 137 | 650 | ' |
Loans, Ending balance | 87,264 | 74,248 | 90,333 |
Loans, Ending balance, individually evaluated for impairment | 0 | 0 | ' |
Loans, Ending balance, collectively evaluated for impairment | 87,264 | 74,248 | ' |
Commercial - Non-Owner Occupied [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Allowance for credit losses, Beginning balance | 541 | 505 | ' |
Allowance for credit losses, Charge-offs | 0 | 0 | ' |
Allowance for credit losses, Recoveries | 4 | 30 | ' |
Allowance for credit losses, Provision for credit losses | 141 | -67 | ' |
Allowance for credit losses, Ending balance | 686 | 468 | ' |
Allowance for credit losses, Ending balance, individually evaluated for impairment | 123 | 148 | ' |
Allowance for credit losses, Ending balance, collectively evaluated for impairment | 563 | 320 | ' |
Loans, Ending balance | 118,120 | 88,598 | 113,559 |
Loans, Ending balance, individually evaluated for impairment | 3,276 | 3,118 | ' |
Loans, Ending balance, collectively evaluated for impairment | 114,844 | 85,480 | ' |
Commercial - Loan and Leases [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Allowance for credit losses, Beginning balance | 1,464 | 1,227 | ' |
Allowance for credit losses, Charge-offs | 0 | 0 | ' |
Allowance for credit losses, Recoveries | 14 | 8 | ' |
Allowance for credit losses, Provision for credit losses | 40 | 307 | ' |
Allowance for credit losses, Ending balance | 1,518 | 1,542 | ' |
Allowance for credit losses, Ending balance, individually evaluated for impairment | 188 | 547 | ' |
Allowance for credit losses, Ending balance, collectively evaluated for impairment | 1,330 | 995 | ' |
Loans, Ending balance | 98,994 | 88,317 | 100,410 |
Loans, Ending balance, individually evaluated for impairment | 2,447 | 1,884 | ' |
Loans, Ending balance, collectively evaluated for impairment | 96,547 | 86,433 | ' |
Consumer Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Allowance for credit losses, Beginning balance | 14 | 29 | ' |
Allowance for credit losses, Charge-offs | 0 | 0 | ' |
Allowance for credit losses, Recoveries | ' | 0 | ' |
Allowance for credit losses, Provision for credit losses | -1 | 0 | ' |
Allowance for credit losses, Ending balance | 13 | 29 | ' |
Allowance for credit losses, Ending balance, individually evaluated for impairment | 0 | 0 | ' |
Allowance for credit losses, Ending balance, collectively evaluated for impairment | 13 | 29 | ' |
Loans, Ending balance | 1,069 | 1,217 | 1,174 |
Loans, Ending balance, individually evaluated for impairment | 0 | 0 | ' |
Loans, Ending balance, collectively evaluated for impairment | $1,069 | $1,217 | ' |
Credit_Quality_Assessment_Deta1
Credit Quality Assessment (Details 1) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 |
In Thousands, unless otherwise specified | |||
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | $416,632 | $403,875 | $331,005 |
Not Classified [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 413,679 | 400,693 | ' |
Special Mention [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Substandard [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 2,953 | 3,182 | ' |
Doubtful [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Construction and Land [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 58,393 | 50,884 | 41,588 |
Construction and Land [Member] | Not Classified [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 58,393 | 50,884 | ' |
Construction and Land [Member] | Special Mention [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Construction and Land [Member] | Substandard [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Construction and Land [Member] | Doubtful [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Residential - First Lien [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 43,872 | 39,249 | 28,796 |
Residential - First Lien [Member] | Not Classified [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 43,548 | 38,918 | ' |
Residential - First Lien [Member] | Special Mention [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Residential - First Lien [Member] | Substandard [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 324 | 331 | ' |
Residential - First Lien [Member] | Doubtful [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Residential Junior Lien [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 8,920 | 8,266 | 8,241 |
Residential Junior Lien [Member] | Not Classified [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 8,920 | 8,266 | ' |
Residential Junior Lien [Member] | Special Mention [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Residential Junior Lien [Member] | Substandard [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Residential Junior Lien [Member] | Doubtful [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Commercial Owner Occupied [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 87,264 | 90,333 | 74,248 |
Commercial Owner Occupied [Member] | Not Classified [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 87,264 | 90,333 | ' |
Commercial Owner Occupied [Member] | Special Mention [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Commercial Owner Occupied [Member] | Substandard [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Commercial Owner Occupied [Member] | Doubtful [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Commercial Non Owner Occupied [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 118,120 | 113,559 | 88,598 |
Commercial Non Owner Occupied [Member] | Not Classified [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 117,567 | 113,301 | ' |
Commercial Non Owner Occupied [Member] | Special Mention [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Commercial Non Owner Occupied [Member] | Substandard [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 553 | 258 | ' |
Commercial Non Owner Occupied [Member] | Doubtful [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Commercial Loan and Leases [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 98,994 | 100,410 | 88,317 |
Commercial Loan and Leases [Member] | Not Classified [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 96,918 | 97,817 | ' |
Commercial Loan and Leases [Member] | Special Mention [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Commercial Loan and Leases [Member] | Substandard [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 2,076 | 2,593 | ' |
Commercial Loan and Leases [Member] | Doubtful [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Consumer Loan [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 1,069 | 1,174 | 1,217 |
Consumer Loan [Member] | Not Classified [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 1,069 | 1,174 | ' |
Consumer Loan [Member] | Special Mention [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Consumer Loan [Member] | Substandard [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | 0 | 0 | ' |
Consumer Loan [Member] | Doubtful [Member] | ' | ' | ' |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Credit quality indicators | $0 | $0 | ' |
Credit_Quality_Assessment_Deta2
Credit Quality Assessment (Details 2) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Accruing loans current | $408,638 | $398,951 | ' |
Accruing loans 31-59 days past due | 1,042 | 720 | ' |
Accruing loans 60-89 days past due | 3,596 | 567 | ' |
Accruing loans Greater than 90 days past due | 403 | 455 | ' |
Total past due | 5,041 | 1,742 | ' |
Non-accrual loans | 2,953 | 3,182 | ' |
Total loans | 416,632 | 403,875 | 331,005 |
Construction and Land [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Accruing loans current | 57,671 | 50,884 | ' |
Accruing loans 31-59 days past due | 0 | 0 | ' |
Accruing loans 60-89 days past due | 722 | 0 | ' |
Accruing loans Greater than 90 days past due | 0 | 0 | ' |
Total past due | 722 | 0 | ' |
Non-accrual loans | 0 | 0 | ' |
Total loans | 58,393 | 50,884 | 41,588 |
Residential - First Lien [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Accruing loans current | 43,227 | 38,025 | ' |
Accruing loans 31-59 days past due | 321 | 570 | ' |
Accruing loans 60-89 days past due | 0 | 323 | ' |
Accruing loans Greater than 90 days past due | 0 | 0 | ' |
Total past due | 321 | 893 | ' |
Non-accrual loans | 324 | 331 | ' |
Total loans | 43,872 | 39,249 | 28,796 |
Residential Junior Lien [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Accruing loans current | 8,827 | 8,266 | ' |
Accruing loans 31-59 days past due | 93 | 0 | ' |
Accruing loans 60-89 days past due | 0 | 0 | ' |
Accruing loans Greater than 90 days past due | 0 | 0 | ' |
Total past due | 93 | 0 | ' |
Non-accrual loans | 0 | 0 | ' |
Total loans | 8,920 | 8,266 | 8,241 |
Commercial Owner Occupied [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Accruing loans current | 87,264 | 90,333 | ' |
Accruing loans 31-59 days past due | 0 | 0 | ' |
Accruing loans 60-89 days past due | 0 | 0 | ' |
Accruing loans Greater than 90 days past due | 0 | 0 | ' |
Total past due | 0 | 0 | ' |
Non-accrual loans | 0 | 0 | ' |
Total loans | 87,264 | 90,333 | 74,248 |
Commercial Non Owner Occupied [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Accruing loans current | 114,685 | 113,142 | ' |
Accruing loans 31-59 days past due | 0 | 0 | ' |
Accruing loans 60-89 days past due | 2,723 | 0 | ' |
Accruing loans Greater than 90 days past due | 159 | 159 | ' |
Total past due | 2,882 | 159 | ' |
Non-accrual loans | 553 | 258 | ' |
Total loans | 118,120 | 113,559 | 88,598 |
Commercial Loan and Leases [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Accruing loans current | 95,897 | 97,127 | ' |
Accruing loans 31-59 days past due | 627 | 150 | ' |
Accruing loans 60-89 days past due | 150 | 244 | ' |
Accruing loans Greater than 90 days past due | 244 | 296 | ' |
Total past due | 1,021 | 690 | ' |
Non-accrual loans | 2,076 | 2,593 | ' |
Total loans | 98,994 | 100,410 | 88,317 |
Consumer Loan [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Accruing loans current | 1,067 | 1,174 | ' |
Accruing loans 31-59 days past due | 1 | 0 | ' |
Accruing loans 60-89 days past due | 1 | 0 | ' |
Accruing loans Greater than 90 days past due | 0 | 0 | ' |
Total past due | 2 | 0 | ' |
Non-accrual loans | 0 | 0 | ' |
Total loans | $1,069 | $1,174 | $1,217 |
Credit_Quality_Assessment_Deta3
Credit Quality Assessment (Details 3) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired loans, Recorded Investment | $6,047 | $6,290 |
Impaired loans, Recorded investment, With an allowance recorded | 1,457 | 1,266 |
Impaired loans, Recorded investment, With no related allowance recorded | 4,590 | 5,024 |
Impaired loans, Related allowance | 315 | 259 |
Impaired loans, Unpaid principal | 6,105 | 6,293 |
Average balance of impaired loans | 7,079 | 7,033 |
Interest income recognized | 62 | 343 |
Construction and Land [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Impaired loans, Recorded investment, With an allowance recorded | 0 | 0 |
Impaired loans, Recorded investment, With no related allowance recorded | 0 | 0 |
Impaired loans, Related allowance | 0 | 0 |
Impaired loans, Unpaid principal | 0 | 0 |
Average balance of impaired loans | 0 | 0 |
Interest income recognized | 0 | 0 |
Residential - First Lien [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 324 | 331 |
Impaired loans, Recorded investment, With an allowance recorded | 324 | 331 |
Impaired loans, Recorded investment, With no related allowance recorded | 0 | 0 |
Impaired loans, Related allowance | 4 | 4 |
Impaired loans, Unpaid principal | 324 | 331 |
Average balance of impaired loans | 330 | 333 |
Interest income recognized | 5 | 15 |
Residential Junior Lien [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Impaired loans, Recorded investment, With an allowance recorded | 0 | 0 |
Impaired loans, Recorded investment, With no related allowance recorded | 0 | 0 |
Impaired loans, Related allowance | 0 | 0 |
Impaired loans, Unpaid principal | 0 | 0 |
Average balance of impaired loans | 0 | 0 |
Interest income recognized | 0 | 0 |
Commercial Owner Occupied [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Impaired loans, Recorded investment, With an allowance recorded | 0 | 0 |
Impaired loans, Recorded investment, With no related allowance recorded | 0 | 0 |
Impaired loans, Related allowance | 0 | 0 |
Impaired loans, Unpaid principal | 0 | 0 |
Average balance of impaired loans | 0 | 0 |
Interest income recognized | 0 | 0 |
Commercial Non Owner Occupied [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 3,276 | 2,984 |
Impaired loans, Recorded investment, With an allowance recorded | 553 | 258 |
Impaired loans, Recorded investment, With no related allowance recorded | 2,723 | 2,726 |
Impaired loans, Related allowance | 123 | 31 |
Impaired loans, Unpaid principal | 3,276 | 2,984 |
Average balance of impaired loans | 3,280 | 2,994 |
Interest income recognized | 17 | 208 |
Commercial Loan and Leases [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 2,447 | 2,975 |
Impaired loans, Recorded investment, With an allowance recorded | 580 | 677 |
Impaired loans, Recorded investment, With no related allowance recorded | 1,867 | 2,298 |
Impaired loans, Related allowance | 188 | 224 |
Impaired loans, Unpaid principal | 2,505 | 2,978 |
Average balance of impaired loans | 3,469 | 3,706 |
Interest income recognized | 40 | 120 |
Consumer Loan [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Impaired loans, Recorded investment, With an allowance recorded | 0 | 0 |
Impaired loans, Recorded investment, With no related allowance recorded | 0 | 0 |
Impaired loans, Related allowance | 0 | 0 |
Impaired loans, Unpaid principal | 0 | 0 |
Average balance of impaired loans | 0 | 0 |
Interest income recognized | $0 | $0 |
Credit_Quality_Assessment_Deta4
Credit Quality Assessment (Details 4) (Commercial Loan [Member], USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 |
Loans | Loans | |
Commercial Loan [Member] | ' | ' |
Trouble Debt Restructured Loans [Line Items] | ' | ' |
Number of Loans | 6 | 6 |
Non-Accrual Status | $829 | $861 |
Number of Loans | 0 | 0 |
Accrual Status | 0 | 0 |
Total TDR's | $829 | $861 |
Credit_Quality_Assessment_Deta5
Credit Quality Assessment (Details 5) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Commercial Loans and Interest Only Payments [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled Debt Restructuring Modifications | $0 | $0 |
Commercial Loans and Rate Modification [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled Debt Restructuring Modifications | 0 | 0 |
Commercial Loans and Forberance [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled Debt Restructuring Modifications | 829 | 861 |
Commercial Loans and Extension Or Other Modification [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled Debt Restructuring Modifications | 0 | 0 |
Commercial Loan [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled Debt Restructuring Modifications | 829 | 861 |
Nonperforming Financing Receivable [Member] | Commercial Loans and Interest Only Payments [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled Debt Restructuring Modifications | 0 | 0 |
Nonperforming Financing Receivable [Member] | Commercial Loans and Rate Modification [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled Debt Restructuring Modifications | 0 | 0 |
Nonperforming Financing Receivable [Member] | Commercial Loans and Forberance [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled Debt Restructuring Modifications | 829 | 861 |
Nonperforming Financing Receivable [Member] | Commercial Loans and Extension Or Other Modification [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled Debt Restructuring Modifications | 0 | 0 |
Nonperforming Financing Receivable [Member] | Commercial Loan [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled Debt Restructuring Modifications | 829 | 861 |
Performing Financing Receivable [Member] | Commercial Loans and Interest Only Payments [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled Debt Restructuring Modifications | 0 | 0 |
Performing Financing Receivable [Member] | Commercial Loans and Rate Modification [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled Debt Restructuring Modifications | 0 | 0 |
Performing Financing Receivable [Member] | Commercial Loans and Forberance [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled Debt Restructuring Modifications | 0 | 0 |
Performing Financing Receivable [Member] | Commercial Loans and Extension Or Other Modification [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled Debt Restructuring Modifications | 0 | 0 |
Performing Financing Receivable [Member] | Commercial Loan [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled Debt Restructuring Modifications | $0 | $0 |
Credit_Quality_Assessment_Deta6
Credit Quality Assessment (Details Textual) (USD $) | 3 Months Ended | ||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | |
Credit Quality Indicator [Line Items] | ' | ' | ' |
Delinquent Loans, Outstanding Nonaccrual Status | $3,400,000 | ' | $3,600,000 |
Financing Receivable, Recorded Investment, Nonaccrual Status | 2,953,000 | ' | 3,182,000 |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 49,000 | ' | ' |
Proceeds from Sale of Wholly Owned Real Estate and Real Estate Acquired in Settlement of Loans | ' | $178,000 | ' |
Non Accrual Delinquent Loans Outstanding Percentage | 0.81% | ' | ' |
Intangible_Asset_Details
Intangible Asset (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 |
In Thousands, unless otherwise specified | Core Deposits [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Gross Carrying Amount | ' | ' | $376 |
Accumulated Amortization | ' | ' | 54 |
Net Carrying Amount | $322 | $342 | $322 |
Weighted Average Remaining Life | ' | ' | '8 years 9 months 4 days |
Intangible_Asset_Details_1
Intangible Asset (Details 1) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
2014 | $53 | ' |
2015 | 57 | ' |
2016 | 46 | ' |
2017 | 36 | ' |
2018 | 29 | ' |
Thereafter | 101 | ' |
Total amortizing intangible assets | $322 | $342 |
Deposits_Details
Deposits (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Deposits [Line Items] | ' | ' |
Noninterest-bearing demand | $93,833 | $89,759 |
Interest-bearing checking | 34,512 | 31,443 |
Money market accounts | 101,270 | 96,365 |
Savings | 12,605 | 12,496 |
Certificates of deposit $100,000 and over | 113,522 | 110,516 |
Certificates of deposit under $100,000 | 45,556 | 48,370 |
Total deposits | $401,298 | $388,949 |
Percentage of Noninterest-bearing demand | 23.00% | 23.00% |
Percentage of Interest-bearing checking | 9.00% | 8.00% |
Percentage of Money market accounts | 25.00% | 25.00% |
Percentage of Savings | 3.00% | 3.00% |
Percentage of Certificates of deposit $100,000 and over | 29.00% | 29.00% |
Percentage of Certificates of deposit under $100,000 | 11.00% | 12.00% |
Percentage of Total deposits | 100.00% | 100.00% |
Stock_Options_Awards_and_Warra2
Stock Options, Awards and Warrants (Details) (USD $) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2014 | Dec. 31, 2013 | |
Share Based Compensation Stock Options Activity [Line Items] | ' | ' |
Shares, Beginning Balance | 387,101 | 395,351 |
Shares, Granted | 0 | 0 |
Shares, Exercised | 0 | 0 |
Shares, Forfeited | 0 | -8,250 |
Shares, Ending Balance | 387,101 | 387,101 |
Shares, Exercisable | 387,101 | 387,101 |
Weighted Average Exercise Shares Price, Beginning Balance | $11.19 | $11.16 |
Weighted Average Exercise Shares Price, Granted | $0 | $0 |
Weighted Average Exercise Shares Price, Exercised | $0 | $0 |
Weighted Average Exercise Shares Price, Forfeited | $0 | $9.90 |
Weighted Average Exercise Shares Price, Ending Balance | $11.19 | $11.19 |
Weighted Average Exercise Shares Price, Exercisable | $11.19 | $11.19 |
Weighted average fair value of options granted during the year | $0 | $0 |
Stock_Options_Awards_and_Warra3
Stock Options, Awards and Warrants (Details 1) (Restricted Stock [Member], USD $) | 3 Months Ended |
Mar. 31, 2014 | |
Restricted Stock [Member] | ' |
Share Based Compensation Restricted Stock Units Award Activity [Line Items] | ' |
Number of Shares, Beginning of period | 50,000 |
Number of Shares, Granted | 0 |
Number of Shares, Vested | 0 |
Number of Shares,Forfeited | -6,668 |
Number of Shares, End of period | 43,332 |
Weighted Average Grant-Date Fair Value, Beginning of period | $6.89 |
Weighted Average Grant-Date Fair Value, Granted | $0 |
Weighted Average Grant-Date Fair Value, Vested | $0 |
Weighted Average Grant-Date Fair Value,Forfeited | $6.85 |
Weighted Average Grant-Date Fair Value, End of period | $6.89 |
Stock_Options_Awards_and_Warra4
Stock Options, Awards and Warrants (Details Textual) (USD $) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Stock Options Awards And Warrants [Line Items] | ' | ' | ' |
Other Additional Capital | 4,775,000 | ' | ' |
Warrants to Common Stock Share Equivalent Conversion Ratio | 0.25 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms | '10 years | ' | ' |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 119,376 | ' | ' |
Class of Warrants Exercise Price | 10 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable Fair Market Value | 11.3 | ' | ' |
Share-based Goods and Nonemployee Services Transaction, Shares Approved for Issuance | 1,164 | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Warrants Outstanding Intrinsic Value | 155,000 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | 323,000 | ' | ' |
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Forfeitures In Period | 0 | ' | 8,250 |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | 199,000 | ' | ' |
Restricted Stock [Member] | ' | ' | ' |
Stock Options Awards And Warrants [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | ' | 50,000 | 20,000 |
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Forfeitures In Period | 6,668 | ' | ' |
Vest on grant date anniversary [Member] | ' | ' | ' |
Stock Options Awards And Warrants [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | ' | 30,000 | ' |
vest if performance achieved [Member] | ' | ' | ' |
Stock Options Awards And Warrants [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | ' | 20,000 | ' |
Profit_Sharing_Plan_Details_Te
Profit Sharing Plan (Details Textual) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Profit Sharing Plan [Line Items] | ' | ' |
Defined Contribution Plan, Maximum Annual Contribution Per Employee, Percent | 15.00% | ' |
Defined Contribution Plan, Maximum Annual Contribution Per Employee, Amount | $47 | $28 |
Maximum [Member] | ' | ' |
Profit Sharing Plan [Line Items] | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent | 4.00% | ' |
Income_per_Common_Share_Detail
Income per Common Share (Details) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Earnings Per Share Basic And Diluted [Line Items] | ' | ' |
Net income | $266 | $483 |
Preferred dividends | -31 | -69 |
Net income available to common shareholders (numerator) | $235 | $414 |
BASIC | ' | ' |
Average common shares outstanding (denominator) | 4,090,844 | 4,040,471 |
Basic income per common share (in dollars per share) | $0.06 | $0.10 |
DILUTED | ' | ' |
Average common shares outstanding | 4,090,844 | 4,040,471 |
Diluted effect of stock options and warrants | 42,274 | 0 |
Diluted average common shares outstanding (denominator) | 4,133,118 | 4,040,471 |
Diluted income per common share (in dollars per share) | $0.06 | $0.10 |
Stock options and warrants outstanding that are anti-dilutive and thus excluded from calculation of diluted number of shares presented above | 111,458 | 514,727 |
RiskBased_Capital_Details
Risk-Based Capital (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Howard Bank [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total capital (to risk-weighted assets) Actual amount | $50,426 | $49,902 |
Total capital (to risk-weighted assets) Actual ratio | 11.46% | 11.85% |
Total capital (to risk-weighted assets) For capital adequacy purposes amount | 35,194 | 33,684 |
Total capital (to risk-weighted assets) For capital adequacy purposes ratio | 8.00% | 8.00% |
Total capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions amount | 43,992 | 42,105 |
Total capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions ratio | 10.00% | 10.00% |
Tier 1 capital (to risk-weighted assets) Actual amount | 47,726 | 47,396 |
Tier 1 capital (to risk-weighted assets) Actual ratio | 10.85% | 11.26% |
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes amount | 17,597 | 16,842 |
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions amount | 26,395 | 25,263 |
Tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions ratio | 6.00% | 6.00% |
Tier 1 capital (to average assets) Actual amount | 47,726 | 47,396 |
Tier 1 capital (to average assets) Actual ratio | 9.62% | 9.77% |
Tier 1 capital (to average assets) For capital adequacy purposes amount | 19,836 | 19,406 |
Tier 1 capital (to average assets) For capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 capital (to average assets) To be well capitalized under the FDICIA prompt corrective action provisions amount | 24,795 | 24,257 |
Tier 1 capital (to average assets) To be well capitalized under the FDICIA prompt corrective action provisions ratio | 5.00% | 5.00% |
Howard Bancorp [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total capital (to risk-weighted assets) Actual amount | 51,159 | 50,700 |
Total capital (to risk-weighted assets) Actual ratio | 11.62% | 12.05% |
Total capital (to risk-weighted assets) For capital adequacy purposes amount | 35,207 | 33,668 |
Total capital (to risk-weighted assets) For capital adequacy purposes ratio | 8.00% | 8.00% |
Total capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions amount | 0 | 0 |
Tier 1 capital (to risk-weighted assets) Actual amount | 48,458 | 48,195 |
Tier 1 capital (to risk-weighted assets) Actual ratio | 11.01% | 11.45% |
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes amount | 17,604 | 16,834 |
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions amount | 0 | 0 |
Tier 1 capital (to average assets) Actual amount | 48,458 | 48,195 |
Tier 1 capital (to average assets) Actual ratio | 9.77% | 9.93% |
Tier 1 capital (to average assets) For capital adequacy purposes amount | 19,832 | 19,414 |
Tier 1 capital (to average assets) For capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 capital (to average assets) To be well capitalized under the FDICIA prompt corrective action provisions amount | $0 | $0 |
Preferred_Stock_Details_Textua
Preferred Stock (Details Textual) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Sep. 22, 2011 | Sep. 22, 2011 | Mar. 31, 2014 | Sep. 22, 2011 |
Second Through Tenth Dividend Periods [Member] | Second Through Tenth Dividend Periods [Member] | Eleventh through Nineteenth Dividend Periods [Member] | Eleventh through Nineteenth Dividend Periods [Member] | Series AA Preferred Stock Remains Outstanding for More than Four and One Half Years [Member] | Small Business Lending Fund Program [Member] | Qualified Small Business Lending [Member] | Qualified Small Business Lending [Member] | Senior Non Cumulative Perpetual Preferred Stock Series AA [Member] | |||
Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | ||||||||
Preferred Stock [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Shares Issued | 12,562 | 12,562 | ' | ' | ' | ' | ' | ' | ' | ' | 12,562 |
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $1,000 | $1,000 | ' | ' | ' | ' | ' | ' | ' | ' | $1,000 |
Preferred Stock, Value, Issued | $12,562,000 | $12,562,000 | ' | ' | ' | ' | ' | ' | ' | ' | $12,562,000 |
Funds Raised from Small Business Act | ' | ' | ' | ' | ' | ' | ' | 30,000,000,000 | ' | ' | ' |
Assets | $508,011,000 | $499,918,000 | ' | ' | ' | ' | ' | $10,000,000,000 | ' | ' | ' |
Preferred Stock, Aggregate Liquidation Amount, Dividend Rate, Percentage | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | 1.00% | ' |
Preferred Stock, Dividend Rate, Percentage | ' | ' | 5.00% | 1.00% | 7.00% | 1.00% | 9.00% | ' | ' | ' | ' |
Fair_Value_Details
Fair Value (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value Assets Measured On Recurring Basis [Line Items] | ' | ' |
Investment securities | $20,673 | $28,688 |
US Government Agencies Debt Securities [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Line Items] | ' | ' |
Investment securities | 20,524 | 28,521 |
Collateralized Mortgage Backed Securities [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Line Items] | ' | ' |
Investment securities | 149 | 167 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Line Items] | ' | ' |
Investment securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Line Items] | ' | ' |
Investment securities | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Line Items] | ' | ' |
Investment securities | 20,524 | 28,521 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Line Items] | ' | ' |
Investment securities | 149 | 167 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Line Items] | ' | ' |
Investment securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Line Items] | ' | ' |
Investment securities | $0 | $0 |
Fair_Value_Details_1
Fair Value (Details 1) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Other real estate owned | $2,377 | $2,377 |
Loans held for sale | 17,034 | 3,298 |
Impaired loans, Recorded Investment | 6,047 | 6,290 |
Construction and Land [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Residential - First Lien [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 324 | 331 |
Residential Junior Lien [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Commercial Owner Occupied [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Commercial Non Owner Occupied [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 3,276 | 2,984 |
Commercial Loan and Leases [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 2,447 | 2,975 |
Consumer Loan [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Other real estate owned | 0 | 0 |
Loans held for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction and Land [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential - First Lien [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Junior Lien [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Owner Occupied [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Non Owner Occupied [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Loan and Leases [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Consumer Loan [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Other real estate owned | 0 | 0 |
Loans held for sale | 17,034 | 3,298 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction and Land [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential - First Lien [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Junior Lien [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Owner Occupied [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Non Owner Occupied [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Loan and Leases [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Consumer Loan [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Other real estate owned | 2,377 | 2,377 |
Loans held for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction and Land [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential - First Lien [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 320 | 327 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Junior Lien [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Owner Occupied [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Non Owner Occupied [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 3,153 | 2,953 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Loan and Leases [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | 2,259 | 2,751 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Consumer Loan [Member] | ' | ' |
Fair Value Assets Measured On NonRecurring Basis [Line Items] | ' | ' |
Impaired loans, Recorded Investment | $0 | $0 |
Fair_Value_Details_2
Fair Value (Details 2) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financial Assets | ' | ' |
Cash and cash equivalents, Carrying Value | $24,976 | $35,736 |
Investment securities, Carrying Value | 20,673 | 28,688 |
Nonmarketable equity securities, Carrying Value | 2,475 | 2,282 |
Loans held for sale, Carrying Value | 17,034 | 3,298 |
Loans and leases, Carrying Value | 416,632 | 401,369 |
Cash and cash equivalents, Fair value | 24,976 | 35,736 |
Investment securities, Fair value | 20,673 | 28,688 |
Nonmarketable equity securities, Fair value | 2,475 | 2,282 |
Loans held for sale, Fair value | 17,034 | 3,298 |
Loans and leases, Fair value | 416,710 | 401,652 |
Financial Liabilities | ' | ' |
Deposits, Carrying Value | 401,298 | 388,949 |
Short-term borrowings, Carrying Value | 35,627 | 45,658 |
Long-term borrowings, Carrying Value | 21,500 | 16,000 |
Deposits, Fair value | 401,622 | 389,220 |
Short-term borrowings, Fair value | 35,627 | 45,658 |
Long-term borrowings, Fair value | 21,461 | 16,008 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Financial Assets | ' | ' |
Cash and cash equivalents, Fair value | 0 | 0 |
Investment securities, Fair value | 0 | 0 |
Nonmarketable equity securities, Fair value | 0 | 0 |
Loans held for sale, Fair value | 0 | 0 |
Loans and leases, Fair value | 0 | 0 |
Financial Liabilities | ' | ' |
Deposits, Fair value | 0 | 0 |
Short-term borrowings, Fair value | 0 | 0 |
Long-term borrowings, Fair value | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Financial Assets | ' | ' |
Cash and cash equivalents, Fair value | 24,976 | 35,736 |
Investment securities, Fair value | 20,673 | 28,688 |
Nonmarketable equity securities, Fair value | 2,475 | 2,282 |
Loans held for sale, Fair value | 17,034 | 3,298 |
Loans and leases, Fair value | 0 | 0 |
Financial Liabilities | ' | ' |
Deposits, Fair value | 0 | 0 |
Short-term borrowings, Fair value | 35,627 | 45,658 |
Long-term borrowings, Fair value | 21,461 | 16,008 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Financial Assets | ' | ' |
Cash and cash equivalents, Fair value | 0 | 0 |
Investment securities, Fair value | 0 | 0 |
Nonmarketable equity securities, Fair value | 0 | 0 |
Loans held for sale, Fair value | 0 | 0 |
Loans and leases, Fair value | 416,710 | 401,652 |
Financial Liabilities | ' | ' |
Deposits, Fair value | 401,622 | 389,220 |
Short-term borrowings, Fair value | 0 | 0 |
Long-term borrowings, Fair value | $0 | $0 |
Subsequent_Event_Details_Textu
Subsequent Event (Details Textual) (Howard Bank [Member], Subsequent Event [Member], USD $) | Apr. 24, 2014 |
In Millions, unless otherwise specified | |
Howard Bank [Member] | Subsequent Event [Member] | ' |
Subsequent Event [Line Items] | ' |
Deposit Assets, Total | $21 |
Loans and Leases Receivable, Related Parties | $17 |