Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2015 | Apr. 30, 2015 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | FALSE | |
Document Period End Date | 31-Mar-15 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q1 | |
Entity Registrant Name | Howard Bancorp Inc | |
Entity Central Index Key | 1390162 | |
Current Fiscal Year End Date | -19 | |
Entity Filer Category | Smaller Reporting Company | |
Trading Symbol | HBMD | |
Entity Common Stock, Shares Outstanding | 4,156,037 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
ASSETS | ||
Cash and due from banks | $26,933 | $23,598 |
Federal funds sold | 1,613 | 919 |
Total cash and cash equivalents | 28,546 | 24,517 |
Securities available-for-sale | 30,611 | 41,079 |
Nonmarketable equity securities | 2,535 | 2,571 |
Loans held for sale, at fair value | 49,159 | 42,881 |
Loans and leases, net of unearned income | 570,437 | 552,917 |
Allowance for credit losses | -3,839 | -3,602 |
Net loans and leases | 566,598 | 549,315 |
Bank premises and equipment, net | 12,098 | 12,122 |
Core deposit intangible | 1,308 | 1,391 |
Bank owned life insurance | 11,745 | 11,659 |
Other real estate owned | 2,472 | 2,472 |
Interest receivable and other assets | 5,408 | 3,409 |
Total assets | 710,480 | 691,416 |
LIABILITIES | ||
Noninterest-bearing deposits | 137,287 | 142,727 |
Interest-bearing deposits | 443,368 | 411,312 |
Total deposits | 580,655 | 554,039 |
Short-term borrowings | 41,032 | 48,628 |
Long-term borrowings | 19,500 | 19,000 |
Deferred tax liability | 4,249 | 4,686 |
Accrued expenses and other liabilities | 4,660 | 5,420 |
Total liabilities | 650,096 | 631,773 |
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, 2015 and December 31, 2014 | 12,562 | 12,562 |
Common stock - par value of $0.01 authorized 10,000,000 shares; issued and outstanding 4,147,633 shares at March 31, 2015 and 4,145,547 December 31, 2014 | 41 | 41 |
Capital surplus | 38,454 | 38,360 |
Retained earnings | 9,314 | 8,696 |
Accumulated other comprehensive income (loss) | 13 | -16 |
Total shareholders’ equity | 60,384 | 59,643 |
Total liabilities and shareholders' equity | $710,480 | $691,416 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets [Parenthetical] (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
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 | 4,147,633 | 4,145,547 |
Common stock, shares outstanding | 4,147,633 | 4,145,547 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
INTEREST INCOME | ||
Interest and fees on loans | $7,358 | $4,899 |
Interest and dividends on securities | 55 | 30 |
Other interest income | 13 | 14 |
Total interest income | 7,426 | 4,943 |
INTEREST EXPENSE | ||
Deposits | 577 | 441 |
Short-term borrowings | 29 | 31 |
Long-term borrowings | 53 | 43 |
Total interest expense | 659 | 515 |
NET INTEREST INCOME | 6,767 | 4,428 |
Provision for credit losses | 250 | 176 |
Net interest income after provision for credit losses | 6,517 | 4,252 |
NONINTEREST INCOME | ||
Service charges on deposit accounts | 216 | 154 |
Realized and unrealized gains on mortgage banking activity | 1,372 | 150 |
Income from bank owned life insurance | 86 | 92 |
Loan related income | 468 | 142 |
Other operating income | 207 | 85 |
Total noninterest income | 2,349 | 623 |
NONINTEREST EXPENSE | ||
Compensation and benefits | 3,850 | 2,760 |
Occupancy and equipment | 975 | 470 |
Amortization of core deposit intangible | 83 | 20 |
Marketing and business development | 628 | 261 |
Professional fees | 496 | 230 |
Data processing fees | 645 | 144 |
FDIC Assessment | 90 | 82 |
Loan related expense | 345 | 145 |
Other operating expense | 723 | 381 |
Total noninterest expense | 7,835 | 4,493 |
INCOME BEFORE INCOME TAXES | 1,031 | 382 |
Income tax expense | 382 | 116 |
NET INCOME | 649 | 266 |
Preferred stock dividends | 31 | 31 |
Net income available to common shareholders | $618 | $235 |
NET INCOME PER COMMON SHARE | ||
Basic (in dollars per share) | $0.15 | $0.06 |
Diluted (in dollars per share) | $0.15 | $0.06 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Net Income | $649 | $266 |
Other comprehensive income Investments available-for-sale: | ||
Unrealized holding gains | 48 | 3 |
Related income tax expense | -19 | -1 |
Comprehensive income | $678 | $268 |
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, 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 | |||||
Stock-based compensation | 0 | 0 | 0 | 0 | 0 | 0 |
Stock-based compensation (in shares) | 0 | |||||
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 | |||||
Balance at Dec. 31, 2014 | 59,643 | 12,562 | 41 | 38,360 | 8,696 | -16 |
Balance (in shares) at Dec. 31, 2014 | 4,145,547 | |||||
Net income | 649 | 0 | 0 | 0 | 649 | 0 |
Net unrealized loss on securities | 29 | 0 | 0 | 0 | 0 | 29 |
Dividends paid on preferred stock | -31 | 0 | 0 | 0 | -31 | 0 |
Issuance of common stock: | ||||||
Stock awards | 24 | 0 | 0 | 24 | 0 | 0 |
Stock awards (in shares) | 2,086 | |||||
Stock-based compensation | 70 | 0 | 0 | 70 | 0 | 0 |
Stock-based compensation (in shares) | 0 | |||||
Balance at Mar. 31, 2015 | $60,384 | $12,562 | $41 | $38,454 | $9,314 | $13 |
Balance (in shares) at Mar. 31, 2015 | 4,145,547 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income | $649 | $266 |
Adjustments to reconcile net income to net cash used in operating activities: | ||
Provision for credit losses | 250 | 176 |
Deferred income tax benefit | -504 | -253 |
Depreciation | 213 | 174 |
Stock-based compensation | 94 | 27 |
Net accretion of investment securities | -2 | 0 |
Net amortization of intangible asset | 83 | 20 |
Loans originated for sale | -123,589 | -25,744 |
Proceeds from sale of loans originated for sale | 118,683 | 13,098 |
Realized and unrealized gains on mortgage banking activity | -1,372 | -150 |
Cash surrender value of BOLI | -86 | -92 |
Decrease (increase) in interest receivable | 35 | -51 |
Increase in interest payable | 14 | 18 |
(Increase) decrease in other assets | -2,021 | 225 |
Decrease in other liabilities | -703 | -5 |
Net cash used in operating activities | -8,256 | -12,291 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Purchases of investment securities available-for-sale | -8,499 | 0 |
Proceeds from maturities of investment securities available-for-sale | 19,017 | 8,017 |
Net increase in loans and leases outstanding | -17,534 | -13,818 |
Purchase of premises and equipment | -189 | -594 |
Net cash used in investing activities | -7,205 | -6,395 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Net decrease increase in noninterest-bearing deposits | -5,440 | 4,073 |
Net decrease in interest-bearing deposits | 32,056 | 8,415 |
Net decrease in short-term borrowings | -7,595 | -10,031 |
Proceeds from issuance of long-term debt | 500 | 7,500 |
Repayment of long-term debt | 0 | -2,000 |
Cash dividends on preferred stock | -31 | -31 |
Net cash provided by financing activities | 19,490 | 7,926 |
Net increase (decrease) in cash and cash equivalents | 4,029 | -10,760 |
Cash and cash equivalents at beginning of period | 24,517 | 35,736 |
Cash and cash equivalents at end of period | 28,546 | 24,976 |
SUPPLEMENTAL INFORMATION | ||
Cash payments for interest | 645 | 497 |
Cash payments for income taxes | $0 | $0 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2015 | |
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”). | |
On October 17, 2014, the Bank acquired certain assets and assumed substantially all deposits and certain other liabilities of NBRS Financial Bank (“NBRS”), which was closed on October 17, 2014 by the Commissioner (the “NBRS Acquisition”). The NBRS Acquisition was completed in accordance with the terms of the Purchase and Assumption Agreement with the Federal Deposit Insurance Corporation (the “FDIC”). The Bank did not acquire any of NBRS’s other real estate owned. | |
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. 2015-05, “Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement.” This ASU provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The new guidance does not change the accounting for a customer’s accounting for service contracts. ASU No. 2015-05 is effective for interim and annual reporting periods beginning after December 15, 2015. The Company is currently evaluating the provisions of ASU No. 2015-05 to determine the potential impact the new standard will have on the Company's Consolidated Financial Statements. | |
ASU No. 2015-02, “Amendments to the Consolidation Analysis.” This ASU affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. Specifically, the amendments: (1) Modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (“VIEs”) or voting interest entities; (2) Eliminate the presumption that a general partner should consolidate a limited partnership; (3) Affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and (4) Provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. ASU No. 2015-02 is effective for interim and annual reporting periods beginning after December 15, 2015. The Company is currently evaluating the provisions of ASU No. 2015-02 to determine the potential impact the new standard will have on the Company's Consolidated Financial Statements. | |
Update ASU No. 2014-14, Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure. This update clarifies how creditors classify certain government-sponsored mortgage loans to borrowers with a guarantee that entitles the creditor to recover all or a portion of the unpaid principal balance from the government if the borrower defaults. The amendments in this update require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met: | |
1. The loan has a government guarantee that is not separable from the loan before foreclosure. | |
2. At the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim. | |
3. At the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed. Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. | |
Adoption of the amendments in this update can be either a prospective transition method or a modified retrospective transition method. For prospective transition, an entity should apply the amendments in this update to foreclosures that occur after the date of adoption. For modified retrospective transition, an entity should apply the amendments in this update by means of a cumulative effect adjustment (through a reclassification to a separate other receivable) as of the beginning of the annual period of adoption. ASU 2014-14 was effective beginning after December 15, 2014 and did not have a significant impact on the Company’s financial statements. | |
ASU No. 2014-12, Compensation—Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. Guidance in Topic 718 as it relates to awards with performance conditions that affect vesting should be applied to account for such awards. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The requisite service period ends when the employee can cease rendering service and still be eligible to vest in the award if the performance target is achieved. As indicated in the definition of vest, the stated vesting period (which includes the period in which the performance target could be achieved) may differ from the requisite service period. The amendments of ASU 2014-12 are effective for interim and annual periods beginning after December 15, 2015. The Company will evaluate this amendment but does not believe it will have an impact on its financial position or results of operations | |
Update ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606): The guidance requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amendments in this update are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company will evaluate the amendments in this update but does not believe they will have an impact on its financial position or results of operations | |
ASU No. 2014-04, Receivables –Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. 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. ASU 2014-04 did not have a significant impact on the Company’s financial statements. | |
Investments_Securities
Investments Securities | 3 Months Ended | |||||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||||
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, 2015 | December 31, 2014 | ||||||||||||||||||||||||
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 | $ | 26,014 | $ | 21 | $ | 9 | $ | 26,026 | $ | 37,010 | $ | - | $ | 29 | $ | 36,981 | ||||||||||
Treasuries | 4,000 | - | - | 4,000 | 4,000 | - | 3 | 3,997 | ||||||||||||||||||
Mortgage-backed | 80 | 5 | - | 85 | 95 | 6 | - | 101 | ||||||||||||||||||
Mutual funds | 500 | - | - | 500 | - | - | - | - | ||||||||||||||||||
$ | 30,594 | $ | 26 | $ | 9 | $ | 30,611 | $ | 41,105 | $ | 6 | $ | 32 | $ | 41,079 | |||||||||||
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 March 31, 2015 and December 31, 2014 are presented below: | ||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||
(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 | $ | 7,496 | $ | 9 | $ | - | $ | - | $ | 7,496 | $ | 9 | ||||||||||||||
Treasuries | - | - | - | - | - | - | ||||||||||||||||||||
Mortgage-backed | - | - | - | - | - | - | ||||||||||||||||||||
Mutual funds | - | - | - | - | - | - | ||||||||||||||||||||
$ | 7,496 | $ | 9 | $ | - | $ | - | $ | 7,496 | $ | 9 | |||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||
(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 | $ | 26,477 | $ | 29 | $ | - | $ | - | $ | 26,477 | $ | 29 | ||||||||||||||
Treasuries | 3,997 | 3 | - | - | 3,997 | 3 | ||||||||||||||||||||
Mortgage-backed | - | - | - | - | - | - | ||||||||||||||||||||
$ | 30,474 | $ | 32 | $ | - | $ | - | $ | 30,474 | $ | 32 | |||||||||||||||
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, 2015 | December 31, 2014 | ||||||||||||||||||||||||
Amortized | Estimated Fair | Amortized | Estimated Fair | |||||||||||||||||||||||
Cost | Value | Cost | Value | |||||||||||||||||||||||
Amounts maturing: | ||||||||||||||||||||||||||
One year or less | $ | 21,515 | $ | 21,513 | $ | 33,516 | $ | 33,506 | ||||||||||||||||||
After one through five years | 8,507 | 8,522 | 7,508 | 7,487 | ||||||||||||||||||||||
After five through ten years | 72 | 76 | 81 | 86 | ||||||||||||||||||||||
After ten years | 500 | 500 | - | - | ||||||||||||||||||||||
$ | 30,594 | $ | 30,611 | $ | 41,105 | $ | 41,079 | |||||||||||||||||||
There were no sales of investment securities during the three months ended March 31, 2015. Because of the composition of the securities portfolio acquired in the NBRS acquisition, management deemed it prudent for interest rate risk management purposes to liquidate the entire acquired portfolio. Thus, in the fourth quarter of 2014, the Bank both acquired and sold nearly $31.7 million in securities, which resulted in a net loss on the sale of the securities of $228 thousand. At March 31, 2015 and December 31, 2014, $14.6 million and $23.8 million fair value of securities, respectively, were pledged as collateral for repurchase agreements. In addition, at March 31, 2015 there was $7.2 million fair value of securities pledged as collateral for public funds. No single issuer of securities, except for U. S. Government agency securities, had outstanding balances that exceeded ten percent of shareholders’ equity. | ||||||||||||||||||||||||||
Loans_and_Leases
Loans and Leases | 3 Months Ended | |||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||
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, 2015 and December 31, 2014 are presented in the following table: | ||||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||
(in thousands) | Legacy | Acquired | Total | Legacy | Acquired | Total | ||||||||||||||
Real estate | ||||||||||||||||||||
Construction and land | $ | 51,983 | $ | 6,921 | $ | 58,904 | $ | 56,490 | $ | 7,668 | $ | 64,158 | ||||||||
Residential - first lien | 66,473 | 28,866 | 95,339 | 58,904 | 29,389 | 88,293 | ||||||||||||||
Residential - junior lien | 12,255 | 8,243 | 20,498 | 11,006 | 8,295 | 19,301 | ||||||||||||||
Total residential real estate | 78,728 | 37,109 | 115,837 | 69,910 | 37,684 | 107,594 | ||||||||||||||
Commercial - owner occupied | 81,636 | 25,946 | 107,582 | 85,824 | 27,002 | 112,826 | ||||||||||||||
Commercial - non-owner occupied | 115,798 | 23,032 | 138,830 | 100,589 | 23,369 | 123,958 | ||||||||||||||
Total commercial real estate | 197,434 | 48,978 | 246,412 | 186,413 | 50,371 | 236,784 | ||||||||||||||
Total real estate loans | 328,145 | 93,008 | 421,153 | 312,813 | 95,723 | 408,536 | ||||||||||||||
Commercial loans and leases | 118,938 | 26,011 | 144,949 | 113,176 | 26,493 | 139,669 | ||||||||||||||
Consumer | 1,139 | 3,196 | 4,335 | 1,485 | 3,227 | 4,712 | ||||||||||||||
Total loans | $ | 448,222 | $ | 122,215 | $ | 570,437 | $ | 427,474 | $ | 125,443 | $ | 552,917 | ||||||||
There were $49.2 million in loans held for sale at March 31, 2015 and $42.9 million at December 31, 2014. | ||||||||||||||||||||
Credit_Quality_Assessment
Credit Quality Assessment | 3 Months Ended | |||||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||||
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, 2015 and 2014: | ||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||
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 | $ | 174 | $ | 272 | $ | 55 | $ | 160 | $ | 562 | $ | 2,366 | $ | 13 | $ | 3,602 | ||||||||||
Charge-offs | - | - | - | - | -13 | -4 | -17 | |||||||||||||||||||
Recoveries | - | 3 | - | - | - | 1 | - | 4 | ||||||||||||||||||
Provision for credit losses | -10 | 3 | - | 15 | 63 | 173 | 6 | 250 | ||||||||||||||||||
Ending balance | $ | 164 | $ | 278 | $ | 55 | $ | 175 | $ | 625 | $ | 2,527 | $ | 15 | $ | 3,839 | ||||||||||
Allowance allocated to: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
individually evaluated for impairment | 60 | - | - | - | - | 483 | - | 543 | ||||||||||||||||||
collectively evaluated for impairment | 100 | 278 | 25 | 156 | 565 | 1,905 | 15 | 3,044 | ||||||||||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
individually evaluated for impairment | - | - | 30 | - | - | 55 | - | 85 | ||||||||||||||||||
collectively evaluated for impairment | 4 | - | - | 19 | 60 | 84 | - | 167 | ||||||||||||||||||
Loans: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Ending balance | 51,983 | 66,473 | 12,255 | 81,636 | 115,798 | 118,938 | 1,139 | 448,222 | ||||||||||||||||||
individually evaluated for impairment | 1,144 | 301 | - | - | 2,694 | 2,062 | - | 6,201 | ||||||||||||||||||
collectively evaluated for impairment | 50,839 | 66,172 | 12,255 | 81,636 | 113,104 | 116,876 | 1,139 | 442,021 | ||||||||||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
Ending balance | 6,921 | 28,866 | 8,243 | 25,946 | 23,032 | 26,011 | 3,196 | 122,215 | ||||||||||||||||||
individually evaluated for impairment | - | 344 | 59 | - | - | 404 | 112 | 919 | ||||||||||||||||||
collectively evaluated for impairment | 6,921 | 28,522 | 8,184 | 25,946 | 23,032 | 25,607 | 3,084 | 121,296 | ||||||||||||||||||
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 | ||||||||||
December 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 allocated to: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
individually evaluated for impairment | 60 | - | - | - | - | 483 | - | 543 | ||||||||||||||||||
collectively evaluated for impairment | 108 | 271 | 25 | 142 | 502 | 1,745 | 13 | 2,806 | ||||||||||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
individually evaluated for impairment | - | - | 30 | - | - | 55 | - | 85 | ||||||||||||||||||
collectively evaluated for impairment | 6 | 1 | - | 18 | 60 | 83 | - | 168 | ||||||||||||||||||
Loans: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Ending balance | 56,490 | 58,904 | 11,006 | 85,824 | 100,589 | 113,176 | 1,485 | 427,474 | ||||||||||||||||||
individually evaluated for impairment | 1,144 | 308 | - | - | 2,700 | 2,073 | - | 6,225 | ||||||||||||||||||
collectively evaluated for impairment | 55,346 | 58,596 | 11,006 | 85,824 | 97,889 | 111,103 | 1,485 | 421,249 | ||||||||||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
Ending balance | 7,668 | 29,389 | 8,295 | 27,002 | 23,369 | 26,493 | 3,227 | 125,443 | ||||||||||||||||||
individually evaluated for impairment | - | 411 | 57 | - | - | 405 | 92 | 965 | ||||||||||||||||||
collectively evaluated for impairment | 7,668 | 28,978 | 8,238 | 27,002 | 23,369 | 26,088 | 3,135 | 124,478 | ||||||||||||||||||
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, 2015 | ||||||||||||||||||||||||||
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: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Not classified | $ | 50,839 | $ | 66,014 | $ | 12,181 | $ | 81,636 | $ | 113,104 | $ | 117,622 | $ | 1,139 | $ | 442,535 | ||||||||||
Special mention | - | - | - | - | - | - | - | - | ||||||||||||||||||
Substandard | - | 459 | 74 | 2,100 | 224 | 2,857 | ||||||||||||||||||||
Doubtful | 1,144 | - | - | - | 594 | 1,092 | - | 2,830 | ||||||||||||||||||
Total | $ | 51,983 | $ | 66,473 | $ | 12,255 | $ | 81,636 | $ | 115,798 | $ | 118,938 | $ | 1,139 | $ | 448,222 | ||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
Not classified | $ | 6,921 | $ | 27,978 | $ | 8,184 | $ | 25,946 | $ | 23,032 | $ | 25,607 | $ | 3,084 | $ | 120,752 | ||||||||||
Special mention | - | - | - | - | - | - | - | - | ||||||||||||||||||
Substandard | - | 544 | - | - | - | - | - | 544 | ||||||||||||||||||
Doubtful | - | 344 | 59 | - | - | 404 | 112 | 919 | ||||||||||||||||||
Total | $ | 6,921 | $ | 28,866 | $ | 8,243 | $ | 25,946 | $ | 23,032 | $ | 26,011 | $ | 3,196 | $ | 122,215 | ||||||||||
December 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: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Not classified | $ | 55,346 | $ | 58,439 | $ | 10,932 | $ | 85,580 | $ | 97,889 | $ | 111,312 | $ | 1,485 | $ | 420,983 | ||||||||||
Special mention | - | - | - | - | - | - | - | - | ||||||||||||||||||
Substandard | 1,144 | 465 | 74 | 244 | 2,700 | 1,864 | - | 6,491 | ||||||||||||||||||
Doubtful | - | - | - | - | - | - | - | - | ||||||||||||||||||
Total | $ | 56,490 | $ | 58,904 | $ | 11,006 | $ | 85,824 | $ | 100,589 | $ | 113,176 | $ | 1,485 | $ | 427,474 | ||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
Not classified | $ | 7,668 | $ | 28,431 | $ | 8,238 | $ | 27,002 | $ | 23,369 | $ | 26,088 | $ | 3,135 | $ | 123,931 | ||||||||||
Special mention | - | - | - | - | - | - | - | - | ||||||||||||||||||
Substandard | - | 546 | - | - | - | - | - | 546 | ||||||||||||||||||
Doubtful | - | 412 | 57 | - | - | 405 | 92 | 966 | ||||||||||||||||||
Total | $ | 7,668 | $ | 29,389 | $ | 8,295 | $ | 27,002 | $ | 23,369 | $ | 26,493 | $ | 3,227 | $ | 125,443 | ||||||||||
· | 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, 2015 | ||||||||||||||||||||||||||
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: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Accruing loans current | $ | 50,800 | $ | 65,700 | $ | 12,181 | $ | 81,636 | $ | 115,204 | $ | 116,904 | $ | 1,119 | $ | 443,544 | ||||||||||
Accruing loans past due: | ||||||||||||||||||||||||||
31-59 days past due | - | 315 | - | - | - | 107 | 20 | 442 | ||||||||||||||||||
60-89 days past due | 39 | - | - | - | - | 835 | - | 874 | ||||||||||||||||||
Greater than 90 days past due | - | 458 | 74 | - | - | - | - | 532 | ||||||||||||||||||
Total past due | $ | 39 | $ | 773 | $ | 74 | $ | - | $ | - | $ | 942 | $ | 20 | $ | 1,848 | ||||||||||
Non-accrual loans | 1,144 | - | - | - | 594 | 1,092 | - | 2,830 | ||||||||||||||||||
Total loans | $ | 51,983 | $ | 66,473 | $ | 12,255 | $ | 81,636 | $ | 115,798 | $ | 118,938 | $ | 1,139 | $ | 448,222 | ||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
Accruing loans current | $ | 6,921 | $ | 27,839 | $ | 8,184 | $ | 25,946 | $ | 23,032 | $ | 25,264 | $ | 2,853 | $ | 120,039 | ||||||||||
Accruing loans past due: | ||||||||||||||||||||||||||
31-59 days past due | - | 558 | - | - | - | 64 | 40 | 662 | ||||||||||||||||||
60-89 days past due | - | 125 | - | - | - | - | 191 | 316 | ||||||||||||||||||
Greater than 90 days past due | - | - | - | - | - | 332 | - | 332 | ||||||||||||||||||
Total past due | $ | - | $ | 683 | $ | - | $ | - | $ | - | $ | 396 | $ | 231 | $ | 1,310 | ||||||||||
Non-accrual loans | - | 344 | 59 | - | - | 351 | 112 | 866 | ||||||||||||||||||
Total loans | $ | 6,921 | $ | 28,866 | $ | 8,243 | $ | 25,946 | $ | 23,032 | $ | 26,011 | $ | 3,196 | $ | 122,215 | ||||||||||
December 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: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Accruing loans current | $ | 55,346 | $ | 58,122 | $ | 10,932 | $ | 85,824 | $ | 100,439 | $ | 108,451 | $ | 1,480 | $ | 420,594 | ||||||||||
Accruing loans past due: | ||||||||||||||||||||||||||
31-59 days past due | - | - | - | - | - | - | 5 | 5 | ||||||||||||||||||
60-89 days past due | - | 316 | 74 | - | - | 2,816 | - | 3,206 | ||||||||||||||||||
Greater than 90 days past due | - | 158 | - | - | 150 | 244 | - | 552 | ||||||||||||||||||
Total past due | $ | - | $ | 474 | $ | 74 | $ | - | $ | 150 | $ | 3,060 | $ | 5 | $ | 3,763 | ||||||||||
Non-accrual loans | 1,144 | 308 | - | - | - | 1,665 | - | 3,117 | ||||||||||||||||||
Total loans | $ | 56,490 | $ | 58,904 | $ | 11,006 | $ | 85,824 | $ | 100,589 | $ | 113,176 | $ | 1,485 | $ | 427,474 | ||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
Accruing loans current | $ | 7,390 | $ | 28,731 | $ | 8,186 | $ | 27,002 | $ | 23,369 | $ | 25,738 | $ | 3,135 | $ | 123,551 | ||||||||||
Accruing loans past due: | ||||||||||||||||||||||||||
31-59 days past due | - | 247 | 52 | - | - | 54 | - | 353 | ||||||||||||||||||
60-89 days past due | - | - | - | - | - | 24 | - | 24 | ||||||||||||||||||
Greater than 90 days past due | 278 | - | - | - | - | 327 | - | 605 | ||||||||||||||||||
Total past due | $ | 278 | $ | 247 | $ | 52 | $ | - | $ | - | $ | 405 | $ | - | $ | 982 | ||||||||||
Non-accrual loans | - | 411 | 57 | - | - | 350 | 92 | 910 | ||||||||||||||||||
Total loans | $ | 7,668 | $ | 29,389 | $ | 8,295 | $ | 27,002 | $ | 23,369 | $ | 26,493 | $ | 3,227 | $ | 125,443 | ||||||||||
Total loans either in non-accrual status or in excess of ninety days delinquent totaled $4.6 million or 0.80% of total loans outstanding at March 31, 2015, which represents a decrease from $5.2 million or 0.94% at December 31, 2014. | ||||||||||||||||||||||||||
The impaired loans at March 31, 2015 and December 31, 2014 are as follows: | ||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||
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: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Recorded investment | 1,144 | 301 | - | - | 2,694 | 2,062 | - | 6,201 | ||||||||||||||||||
With an allowance recorded | 334 | - | - | - | - | 642 | - | 976 | ||||||||||||||||||
With no related allowance recorded | 810 | 301 | - | - | 2,694 | 1,420 | - | 5,225 | ||||||||||||||||||
Related allowance | 60 | - | - | - | - | 483 | - | 543 | ||||||||||||||||||
Unpaid principal | 1,144 | 301 | - | - | 2,694 | 2,116 | - | 6,255 | ||||||||||||||||||
Average balance of impaired loans | 1,144 | 326 | - | - | 2,694 | 2,624 | - | 6,788 | ||||||||||||||||||
Interest income recognized | - | 6 | - | - | 33 | 19 | - | 58 | ||||||||||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
Recorded investment | - | 344 | 59 | - | - | 404 | 112 | 919 | ||||||||||||||||||
With an allowance recorded | - | - | 59 | - | - | 52 | - | 111 | ||||||||||||||||||
With no related allowance recorded | - | 344 | - | - | - | 352 | 112 | 808 | ||||||||||||||||||
Related allowance | - | - | 30 | - | - | 55 | - | 85 | ||||||||||||||||||
Unpaid principal | - | 419 | 83 | - | 530 | 679 | 275 | 1,986 | ||||||||||||||||||
Average balance of impaired loans | - | 422 | 83 | - | 530 | 722 | 275 | 2,032 | ||||||||||||||||||
Interest income recognized | - | - | - | - | - | 1 | - | 1 | ||||||||||||||||||
December 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: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Recorded investment | 1,144 | 308 | - | - | 2,700 | 2,073 | - | 6,225 | ||||||||||||||||||
With an allowance recorded | 334 | - | - | - | - | 690 | - | 1,024 | ||||||||||||||||||
With no related allowance recorded | 810 | 308 | - | - | 2,700 | 1,383 | - | 5,201 | ||||||||||||||||||
Related allowance | 60 | - | - | - | - | 483 | - | 543 | ||||||||||||||||||
Unpaid principal | 1,144 | 308 | - | - | 2,700 | 2,127 | - | 6,279 | ||||||||||||||||||
Average balance of impaired loans | 1,108 | 329 | - | - | 2,713 | 2,558 | - | 6,708 | ||||||||||||||||||
Interest income recognized | 37 | 18 | - | - | 166 | 167 | - | 388 | ||||||||||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
Recorded investment | - | 411 | 57 | - | - | 405 | 92 | 965 | ||||||||||||||||||
With an allowance recorded | - | - | 57 | - | - | 55 | - | 112 | ||||||||||||||||||
With no related allowance recorded | - | 411 | - | - | - | 350 | 92 | 853 | ||||||||||||||||||
Related allowance | - | - | 30 | - | - | 55 | - | 85 | ||||||||||||||||||
Unpaid principal | - | 565 | 83 | - | 530 | 825 | 327 | 2,330 | ||||||||||||||||||
Average balance of impaired loans | - | 568 | 83 | - | 560 | 829 | 379 | 2,419 | ||||||||||||||||||
Interest income recognized | - | - | - | - | - | - | - | - | ||||||||||||||||||
Included in the total impaired loans above were non-accrual loans of $3.7 million and $4.0 million at March 31, 2015 and December 31, 2014, respectively. Interest income that would have been recorded if non-accrual loans had been current and in accordance with their original terms was $20 thousand for the first three months of 2015. | ||||||||||||||||||||||||||
Management routinely evaluates other real estate owned (“OREO”) based upon periodic appraisals. For the three months ended March 31, 2015 and 2014 there were no additional valuation allowances recorded as the current appraised value less estimated cost to sell, was sufficient to cover the recorded OREO amount. For the three months ended March 31, 2015 and 2014 there were no new loans transferred from loans to OREO at March 31, 2015 there was one loan for $158 thousand in the process of foreclosure. For the first three months of 2015 and 2014, the Company did not sell any properties held as OREO. | ||||||||||||||||||||||||||
The trouble debt restructured loans (“TDRs”) at March 31, 2015 and December 31, 2014 are as follows: | ||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||
Number | Non-Accrual | Number | Accrual | Total | ||||||||||||||||||||||
(dollars in thousands) | of Loans | Status | of Loans | Status | TDRs | |||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Residential real estate - first lien | - | $ | - | 1 | $ | 301 | $ | 301 | ||||||||||||||||||
Commercial - non-owner occupied | 1 | 594 | 1 | 2,100 | 2,694 | |||||||||||||||||||||
Commercial loans | - | - | 1 | 224 | 224 | |||||||||||||||||||||
1 | $ | 594 | 3 | $ | 2,625 | $ | 3,219 | |||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||
Number | Non-Accrual | Number | Accrual | Total | ||||||||||||||||||||||
(dollars in thousands) | of Loans | Status | of Loans | Status | TDRs | |||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Residential real estate - first lien | 1 | $ | 308 | - | $ | - | $ | 308 | ||||||||||||||||||
Commercial loans | 6 | 723 | 1 | 226 | 949 | |||||||||||||||||||||
7 | $ | 1,031 | 1 | $ | 226 | $ | 1,257 | |||||||||||||||||||
A summary of TDR modifications outstanding and performing under modified terms are as follows: | ||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||
Not Performing | Performing | |||||||||||||||||||||||||
to Modified | to Modified | Total | ||||||||||||||||||||||||
(in thousands) | Terms | Terms | TDRs | |||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Residential real estate - first lien | ||||||||||||||||||||||||||
Forbearance | $ | - | $ | 301 | $ | 301 | ||||||||||||||||||||
Commercial - non-owner occupied | ||||||||||||||||||||||||||
Rate modification | 2,100 | 2,100 | ||||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||
Rate modification | 594 | - | 594 | |||||||||||||||||||||||
Extension or other modification | - | 224 | 224 | |||||||||||||||||||||||
Total trouble debt restructure loans | $ | 594 | $ | 2,625 | $ | 3,219 | ||||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||
Not Performing | Performing | |||||||||||||||||||||||||
to Modified | to Modified | Total | ||||||||||||||||||||||||
(in thousands) | Terms | Terms | TDRs | |||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Residential real estate - first lien | ||||||||||||||||||||||||||
Forbearance | $ | 308 | $ | - | $ | 308 | ||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||
Forbearance | 723 | - | 723 | |||||||||||||||||||||||
Extension or other modification | - | 226 | 226 | |||||||||||||||||||||||
Total trouble debt restructure loans | $ | 1,031 | $ | 226 | $ | 1,257 | ||||||||||||||||||||
There were two new loans restructured during the three months ended March 31, 2015 totaling $2.7 million. | ||||||||||||||||||||||||||
Intangibles
Intangibles | 3 Months Ended | |||||||||||||
Mar. 31, 2015 | ||||||||||||||
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, 2015 | Weighted | |||||||||||||
Gross | Net | Average | ||||||||||||
Carrying | Accumulated | Carrying | Remaining Life | |||||||||||
(in thousands) | Amount | Amortization | Amount | (Years) | ||||||||||
Amortizing intangible assets: | ||||||||||||||
Core deposit intangible | $ | 1,566 | $ | 258 | $ | 1,308 | 8.34 | |||||||
December 31, 2014 | Weighted | |||||||||||||
Gross | Net | Average | ||||||||||||
Carrying | Accumulated | Carrying | Remaining Life | |||||||||||
(in thousands) | Amount | Amortization | Amount | (Years) | ||||||||||
Amortizing intangible assets: | ||||||||||||||
Core deposit intangible | $ | 1,566 | $ | 175 | $ | 1,391 | 8.59 | |||||||
During 2014, we acquired additional core deposit intangible totaling $513 thousand for the Havre de Grace branch acquisition, and $677 thousand for the NBRS Acquisition. | ||||||||||||||
Estimated future amortization expense for amortizing intangibles for the years ending December 31, are as follows: | ||||||||||||||
(in thousands) | ||||||||||||||
2015 | $ | 230 | ||||||||||||
2016 | 241 | |||||||||||||
2017 | 187 | |||||||||||||
2018 | 149 | |||||||||||||
2019 | 122 | |||||||||||||
Thereafter | 379 | |||||||||||||
Total amortizing intangible assets | $ | 1,308 | ||||||||||||
Deposits
Deposits | 3 Months Ended | |||||||||||
Mar. 31, 2015 | ||||||||||||
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, 2015 | December 31, 2014 | ||||||||||
% of | % of | |||||||||||
Amount | Total | Amount | Total | |||||||||
Noninterest-bearing demand | $ | 137,287 | 24 | % | $ | 142,727 | 26 | % | ||||
Interest-bearing checking | 46,449 | 8 | 49,988 | 9 | ||||||||
Money market accounts | 142,066 | 24 | 140,426 | 25 | ||||||||
Savings | 34,312 | 6 | 31,354 | 6 | ||||||||
Certificates of deposit $100,000 and over | 148,718 | 26 | 108,904 | 19 | ||||||||
Certificates of deposit under $100,000 | 71,823 | 12 | 80,640 | 15 | ||||||||
Total deposits | $ | 580,655 | 100 | % | $ | 554,039 | 100 | % | ||||
Stock_Options_and_Stock_Awards
Stock Options and Stock Awards | 3 Months Ended | |||||||||||||
Mar. 31, 2015 | ||||||||||||||
Stock Options Awards and Warrants [Abstract] | ||||||||||||||
Stock Options Awards and Warrants [Text Block] | Note 7: Stock Options and Stock Awards | |||||||||||||
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, 2015 the Company issued 2,086 shares of stock to directors compensation for their service. | ||||||||||||||
The following table summarizes the Company’s stock option activity and related information for the periods ended: | ||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||
Weighted | Weighted | |||||||||||||
Average | Average | |||||||||||||
Exercise | Exercise | |||||||||||||
Shares | Price | Shares | Price | |||||||||||
Balance at January 1, | 264,652 | $ | 11.75 | 387,101 | $ | 11.19 | ||||||||
Granted | - | - | - | - | ||||||||||
Exercised | - | - | -4,139 | 8.79 | ||||||||||
Forfeited | -16,861 | 10.41 | -118,310 | 10.02 | ||||||||||
Balance at period end | 247,791 | $ | 11.85 | 264,652 | $ | 11.75 | ||||||||
Exercisable at period end | 247,791 | $ | 11.85 | 264,652 | $ | 11.75 | ||||||||
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 $14.00 at March 31, 2015 the options outstanding had an aggregate intrinsic value or $533 thousand. At December 31, 2014, based upon fair market value of $11.40, the options outstanding had an aggregate intrinsic value of $175 thousand. | ||||||||||||||
Restricted Stock | ||||||||||||||
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. | ||||||||||||||
The following table presents a summary of the activity for the Company’s restricted stock for the periods ended: | ||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||
Weighted | Weighted | |||||||||||||
Average | Average | |||||||||||||
Grant Date | Grant Date | |||||||||||||
Shares | Fair Value | Shares | Fair Value | |||||||||||
Balance at January 1, | 33,330 | $ | 6.89 | 50,000 | $ | 6.89 | ||||||||
Granted | - | - | - | - | ||||||||||
Vested | - | - | -10,002 | 6.91 | ||||||||||
Forfeited | - | - | -6,668 | 6.85 | ||||||||||
Balance at period end | 33,330 | $ | 6.89 | 33,330 | $ | 6.89 | ||||||||
At March 31, 2015, based on restricted stock awards outstanding at that time, the total unrecognized pre-tax compensation expense related to unvested restricted stock awards was $115 thousand. This expense is expected to be recognized through 2016. | ||||||||||||||
Restricted Stock Units | ||||||||||||||
Restricted stock units (RSUs) are similar to restricted stock, except the recipient does not receive the stock immediately, but instead receives it according to a vesting plan and distribution schedule after achieving required performance milestones or upon remaining with the employer for a particular length of time. Each restricted stock unit that vests entitles the recipient to receive one share of common stock on a specified issuance date. The recipient does not have any stockholder rights, including voting, dividend or liquidation rights, with respect to the shares underlying awarded restricted stock units until the recipient becomes the record holder of those shares. | ||||||||||||||
In 2014, 44,500 restricted stock units were granted, with 19,500 of the units subject to a three year vesting schedule with one-third of the units vesting each year on the grant date anniversary. The remaining 25,000 awarded units also are subject to a three year vesting schedule, however, they only vest if certain annual performance measures are satisfactorily achieved. | ||||||||||||||
The following table presents a summary of the activity for the Company’s restricted stock units for the periods ended: | ||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||
Weighted | Weighted | |||||||||||||
Average | Average | |||||||||||||
Grant Date | Grant Date | |||||||||||||
Shares | Fair Value | Shares | Fair Value | |||||||||||
Balance at January 1, | 44,500 | $ | 11.21 | - | $ | - | ||||||||
Granted | - | - | 44,500 | 11.21 | ||||||||||
Vested | - | - | - | - | ||||||||||
Forfeited | - | - | - | - | ||||||||||
Balance at period end | 44,500 | $ | 11.21 | 44,500 | $ | 11.21 | ||||||||
At March 31, 2015, based on RSU awards outstanding at that time, the total unrecognized pre-tax compensation expense related to unvested RSU awards was $334 thousand. This expense is expected to be recognized through 2017. | ||||||||||||||
Stock-Based Compensation Expense: Stock-based compensation is recognized as compensation cost in the statement of operations based on the fair values on the measurement date, which, for the Company, is the date of the grant. The Company recognized stock-based compensation expense related to the issuance of restricted stock and restricted stock units of $70 thousand as well as $24 thousand for director compensation paid in stock for the period ended March 31, 2015. | ||||||||||||||
Valuation of Stock-Based Compensation: The fair value of the Company’s stock options granted as compensation is estimated on the measurement date, which, for the Company, is the date of grant. The fair value of stock options was calculated using the Black-Scholes option-pricing model. There were no stock options granted during the three months ended March 31, 2015 or in 2014. | ||||||||||||||
Benefit_Plan
Benefit Plan | 3 Months Ended |
Mar. 31, 2015 | |
Profit Sharing Plan [Abstract] | |
Profit Sharing Plan [Text Block] | Note 8: Benefit Plan |
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 $126 thousand and $47 thousand, respectively, for the three months ended March 31, 2015 and 2014. The Company’s matching contributions vest immediately. | |
Supplemental Executive Retirement Plan (SERP) | |
In 2014, the Bank created a SERP for the Chief Executive Officer. Under the defined benefit SERP, Ms. Scully will receive $100,000 each year for 15 years after attainment of the Normal Retirement Age (as defined in the SERP). Ms. Scully will earn vesting on a graduated schedule in which she will become fully vested on August 25, 2019, which has been established for purposes of the SERP as her retirement date. Expense related to this plan totaled $23 thousand for the three month period ending March 31, 2015. | |
Income_per_Common_Share
Income per Common Share | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
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 indicated: | ||||||||
Three months ended | ||||||||
March 31, | ||||||||
(dollars in thousands, except per share data) | 2015 | 2014 | ||||||
Net income | $ | 649 | $ | 266 | ||||
Preferred stock dividends | -31 | -31 | ||||||
Net income available to common shareholders (numerator) | $ | 618 | $ | 235 | ||||
BASIC | ||||||||
Basic average common shares outstanding (denominator) | 4,112,379 | 4,090,844 | ||||||
Basic income per common share | $ | 0.15 | $ | 0.06 | ||||
DILUTED | ||||||||
Average common shares outstanding | 4,112,379 | 4,090,844 | ||||||
Dilutive effect of common stock equivalents | 116,014 | 42,274 | ||||||
Diluted average common shares outstanding (denominator) | 4,228,393 | 4,133,118 | ||||||
Diluted income per common share | $ | 0.15 | $ | 0.06 | ||||
Common stock equivalents outstanding that are anti-dilutive and thus excluded from calculation of diluted number of shares presented above | 110,463 | 111,458 | ||||||
RiskBased_Capital
Risk-Based Capital | 3 Months Ended | |||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||
Risks and Uncertainties [Abstract] | ||||||||||||||||||||
Concentration Risk Disclosure [Text Block] | Note 10: Risk-Based Capital | |||||||||||||||||||
In July 2013, the FDIC and the other federal bank regulatory agencies issued a final rule that revised their leverage and risk-based capital requirements and the method for calculating risk-weighted assets to make them consistent with agreements that were reached by the Basel Committee on Banking Supervision (“Basel III”) and certain provisions of the Dodd-Frank Act. The final rule, which became effective on January 1, 2015, creates a new common equity Tier 1 (“CET1”) minimum capital requirement (4.5% of risk-weighted assets), increases the minimum Tier 1 capital ratio (from 4% to 6% of risk-weighted assets), imposes a minimum leverage ratio of 4.0%, and changes the risk-weight of certain assets to better reflect credit risk and other risk exposures. These include, among other things, a 150% risk weight for certain high volatility commercial real estate acquisition, development and construction loans and for non-residential mortgage loans that are 90 days past due or otherwise in non-accrual status, and a 20% credit conversion factor for the unused portion of a commitment with an original maturity of one year or less that is not unconditionally cancellable. The final rule also requires unrealized gains and losses on certain “available-for-sale” securities holdings to be included for purposes of calculating regulatory capital unless Howard Bank elects to opt-out from this treatment. Howard Bank has elected to permanently opt out of this treatment in our capital calculations, as permitted by the final rule. | ||||||||||||||||||||
The final rule will limit Bancorp’s capital distributions and certain discretionary bonus payments if Bancorp does not hold a “capital conservation buffer” consisting of 2.5% of common equity Tier 1 capital to risk-weighted assets in addition to the amount necessary to meet its minimum risk-based capital requirements. The capital conservation buffer requirement will be phased in beginning January 1, 2016 and ending January 1, 2019, when the full capital conservation buffer requirement will be effective. | ||||||||||||||||||||
In addition, under revised prompt corrective action requirements effective January 1, 2015, in order to be considered “well-capitalized,” Bancorp and the Bank must have CET 1 ratios of 6.5%, Tier 1 ratios of 8.0%, total risk-based capital ratios of 10.0% and leverage ratios of 5.0%. | ||||||||||||||||||||
Management believes that, as of March 31, 2015 and December 31, 2014, Bancorp and the Bank met all capital adequacy requirements to which they are 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, 2015: | ||||||||||||||||||||
Total capital (to risk-weighted assets) | ||||||||||||||||||||
Howard Bank | $ | 63,235 | 10.42 | % | $ | 48,529 | 8 | % | $ | 60,661 | 10 | % | ||||||||
Howard Bancorp | $ | 63,629 | 10.49 | % | $ | 48,508 | 8 | % | N/A | |||||||||||
Common equity tier 1 capital (to risk-weighted assets) | ||||||||||||||||||||
Howard Bank | $ | 59,396 | 9.79 | % | $ | 27,298 | 4.5 | % | $ | 39,430 | 6.5 | % | ||||||||
Howard Bancorp | $ | 59,790 | 9.86 | % | $ | 27,286 | 4.5 | % | N/A | |||||||||||
Tier 1 capital (to risk-weighted assets) | ||||||||||||||||||||
Howard Bank | $ | 59,396 | 9.79 | % | $ | 36,397 | 6 | % | $ | 48,529 | 8 | % | ||||||||
Howard Bancorp | $ | 59,790 | 9.86 | % | $ | 36,381 | 6 | % | N/A | |||||||||||
Tier 1 capital (to average assets) | ||||||||||||||||||||
(Leverage ratio) | ||||||||||||||||||||
Howard Bank | $ | 59,396 | 8.61 | % | $ | 27,609 | 4 | % | $ | 34,511 | 5 | % | ||||||||
Howard Bancorp | $ | 59,790 | 8.66 | % | $ | 27,610 | 4 | % | N/A | |||||||||||
As of December 31, 2014: | ||||||||||||||||||||
Total capital (to risk-weighted assets) | ||||||||||||||||||||
Howard Bank | $ | 61,393 | 10.69 | % | $ | 45,932 | 8 | % | $ | 57,415 | 10 | % | ||||||||
Howard Bancorp | $ | 61,811 | 10.73 | % | $ | 46,067 | 8 | % | N/A | |||||||||||
Tier 1 capital (to risk-weighted assets) | ||||||||||||||||||||
Howard Bank | $ | 57,791 | 10.07 | % | $ | 22,966 | 4 | % | $ | 34,449 | 6 | % | ||||||||
Howard Bancorp | $ | 58,208 | 10.11 | % | $ | 23,033 | 4 | % | N/A | |||||||||||
Tier 1 capital (to average assets) | ||||||||||||||||||||
(Leverage ratio) | ||||||||||||||||||||
Howard Bank | $ | 57,791 | 8.54 | % | $ | 27,073 | 4 | % | $ | 33,842 | 5 | % | ||||||||
Howard Bancorp | $ | 58,208 | 8.6 | % | $ | 27,072 | 4 | % | N/A | |||||||||||
Preferred_Stock
Preferred Stock | 3 Months Ended |
Mar. 31, 2015 | |
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, had 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, 2015 | |||||||||||||||||
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, loans held for sale and interest rate lock commitments 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. | |||||||||||||||||
Recurring Fair Value Measurements | |||||||||||||||||
All classes of investment securities available for sale are recorded at fair value using reliable an unbiased evaluations by an industry wide valuation service and therefor fall into a Level 2 of the fair value hierarchy. The service uses evaluated pricing models that vary based on asset class and include available trade, bid and other market information. Various methodologies include broker quotes, propriety models, descriptive terms and conditions databases, and quality control programs. | |||||||||||||||||
Fair value of loans held for sale is based upon outstanding investor commitments or, in the absence of such commitments, based on current investor yield requirements or third party pricing models and are considered Level 2. Gains and losses on loan sales are determined using specific identification methods. Changes in fair value are recognized in the Consolidated Statement of Operations as part of realized and unrealized gain on mortgage banking activities. | |||||||||||||||||
Interest rate lock commitments are recorded at fair value determined as the amount that would be required to settle each of these derivatives at the balance sheet date. In the normal course of business, the Company enters into contractual interest rate lock commitments to extend credit to borrowers with fixed expiration dates. The commitment becomes effective when the borrower locks in a specified interest rate within the time frames established by the mortgage division. All borrowers are evaluated for credit worthiness prior to the extension of a commitment. Market risk arises if interest rates move adversely between the time the interest rate is locked by the borrower and the sale date of the loan to an investor. To mitigate this interest rate risk inherent in providing rate lock commitments to borrowers, the Company enters into best effort forward sales contracts to sell loans to investors. The forward sales contracts lock in an interest rate price for the sale of loans similar to the specific rate lock commitment. Rate lock commitments to the borrowers through to the date the loan closes are undesignated derivatives and accordingly, are marked to fair value in earnings. These valuations fall into a Level 2 of the fair value hierarchy. | |||||||||||||||||
Non-recurring Fair Value Measurements | |||||||||||||||||
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 are held for sale and are initially recorded at 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. There were no valuation losses recognized during the three months ended March 31, 2015 and 2014. | |||||||||||||||||
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, 2015 and December 31, 2014: | |||||||||||||||||
March 31, 2015 | 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 | $ | 26,026 | $ | - | $ | 26,026 | $ | - | |||||||||
U.S. Goverment treasuries | 4,000 | - | 4,000 | - | |||||||||||||
Mortgage-backed securities | 85 | - | 85 | - | |||||||||||||
Mutual funds | 500 | - | 500 | - | |||||||||||||
Loans held for sale | 49,159 | - | 49,159 | - | |||||||||||||
Rate lock commitments | 145 | - | 145 | - | |||||||||||||
December 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 | $ | 36,981 | $ | - | $ | 36,981 | $ | - | |||||||||
U.S. Goverment treasuries | 3,997 | - | 3,997 | - | |||||||||||||
Mortgage-backed securities | 101 | - | 101 | - | |||||||||||||
Loans held for sale | 42,881 | - | 42,881 | - | |||||||||||||
Rate lock commitments | 342 | - | 342 | - | |||||||||||||
Assets under fair value option: | |||||||||||||||||
March 31, 2015 | Carrying | Aggregate | |||||||||||||||
Fair Value | Unpaid | ||||||||||||||||
(in thousands) | Amount | Principle | Difference | ||||||||||||||
Loans held for sale | $ | 49,159 | $ | 47,863 | $ | 1,296 | |||||||||||
December 31, 2014 | Carrying | Aggregate | |||||||||||||||
Fair Value | Unpaid | ||||||||||||||||
(in thousands) | Amount | Principle | Difference | ||||||||||||||
Loans held for sale | $ | 42,881 | $ | 41,668 | $ | 1,213 | |||||||||||
There were no loans held for sale that were non-accrual or 90 days or more past due and still accruing interest at the end of either period presented. Net gain from the changes included in earnings in fair value of loans held for sale was $83 thousand and $1.2 million during the periods ended March 31, 2015 and December 31, 2014, respectively. | |||||||||||||||||
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 at March 31, 2015 and December 31, 2014. OREO is carried at fair value less anticipated costs to sell. Impaired loans are measured using the fair value of collateral, if applicable. | |||||||||||||||||
March 31,2015 | 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 | $ | 2,472 | $ | - | $ | - | $ | 2,472 | |||||||||
Impaired loans: | |||||||||||||||||
Construction and land | 1,084 | - | - | 1,084 | |||||||||||||
Residential - first lien | 645 | - | - | 645 | |||||||||||||
Residential - junior lien | 29 | - | - | 29 | |||||||||||||
Commercial - owner occupied | - | - | - | - | |||||||||||||
Commercial - non-owner occupied | 2,694 | - | - | 2,694 | |||||||||||||
Commercial loans and leases | 1,928 | - | - | 1,928 | |||||||||||||
Consumer | 112 | - | - | 112 | |||||||||||||
December 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 | $ | 2,472 | $ | - | $ | - | $ | 2,472 | |||||||||
Impaired loans: | |||||||||||||||||
Construction and land | 1,084 | - | - | 1,084 | |||||||||||||
Residential - first lien | 719 | - | - | 719 | |||||||||||||
Residential - junior lien | 27 | - | - | 27 | |||||||||||||
Commercial - owner occupied | - | - | - | - | |||||||||||||
Commercial - non-owner occupied | 2,700 | - | - | 2,700 | |||||||||||||
Commercial loans and leases | 1,940 | - | - | 1,940 | |||||||||||||
Consumer | 92 | - | - | 92 | |||||||||||||
At March 31, 2015 and December 31, 2014, OREO consisted of the outstanding balance of $4.6 million, less valuation allowance of $2.1 million. Impaired loans had a recorded investment of $7.1 million and $7.2 million at March 31, 2015 and December 31, 2014, respectively. Additional provisions on impaired loans for the three months ended March 31 2015 and year ended December 31, 2014 was $0.6 million. | |||||||||||||||||
Various techniques are used to valuate OREO and impaired loans. All loans for which the underlying collateral is real estate, either construction, land, commercial, or residential, an independent appraisal is used to identify the value of the collateral. The approaches within the appraisal report include sales comparison, income, and replacement cost analysis. The resulting value will be adjusted by a selling cost of 9.5% and the residual value will be used to determine if there is an impairment. Commercial loans and leases and consumer utilize a liquidation approach to the impairment analysis | |||||||||||||||||
The following table presents required information in accordance with ASC Topic 825 “Financial Instruments” at March 31, 2015 and December 31, 2014. 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: | |||||||||||||||||
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. | |||||||||||||||||
Nonmarketable equity securities: Because these securities are not marketable, the carrying amount approximates the fair value. | |||||||||||||||||
Loans held for sale: Loans held for sale are carried at fair value. Based on outstanding investor commitments or, in absent of such commitments, based on current investor yield requirements on third party models. | |||||||||||||||||
Derivative financial instruments: Based on estimate loan closing and investor delivery rate based on historical experience. | |||||||||||||||||
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, 2015 | |||||||||||||||||
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 | |||||||||||||||||
Investment securities | $ | 30,611 | $ | 30,611 | $ | - | $ | 30,611 | $ | - | |||||||
Nonmarketable equity securities | 2,535 | 2,535 | - | 2,535 | - | ||||||||||||
Loans held for sale | 49,159 | 49,159 | - | 49,159 | - | ||||||||||||
Rate lock commitments | 145 | 145 | - | 145 | - | ||||||||||||
Loans and leases | 570,437 | 571,351 | - | - | 571,351 | ||||||||||||
Financial Liabilities | |||||||||||||||||
Deposits | 580,655 | 581,185 | - | - | 581,185 | ||||||||||||
Short-term borrowings | 41,032 | 41,032 | - | 41,032 | - | ||||||||||||
Long-term borrowings | 19,500 | 19,555 | - | 19,555 | - | ||||||||||||
December 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 | |||||||||||||||||
Investment securities | $ | 41,079 | $ | 41,079 | $ | - | $ | 41,079 | $ | - | |||||||
Nonmarketable equity securities | 2,571 | 2,571 | - | 2,571 | - | ||||||||||||
Loans held for sale | 42,881 | 42,881 | - | 42,881 | - | ||||||||||||
Rate lock commitments | 342 | 342 | - | 342 | - | ||||||||||||
Loans and leases | 549,315 | 547,825 | - | - | 547,825 | ||||||||||||
Financial Liabilities | |||||||||||||||||
Deposits | 554,039 | 554,660 | - | - | 554,660 | ||||||||||||
Short-term borrowings | 48,628 | 48,628 | - | 48,628 | - | ||||||||||||
Long-term borrowings | 19,000 | 19,055 | - | 19,055 | - | ||||||||||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2015 | |
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. 2015-05, “Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement.” This ASU provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The new guidance does not change the accounting for a customer’s accounting for service contracts. ASU No. 2015-05 is effective for interim and annual reporting periods beginning after December 15, 2015. The Company is currently evaluating the provisions of ASU No. 2015-05 to determine the potential impact the new standard will have on the Company's Consolidated Financial Statements. | |
ASU No. 2015-02, “Amendments to the Consolidation Analysis.” This ASU affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. Specifically, the amendments: (1) Modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (“VIEs”) or voting interest entities; (2) Eliminate the presumption that a general partner should consolidate a limited partnership; (3) Affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and (4) Provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. ASU No. 2015-02 is effective for interim and annual reporting periods beginning after December 15, 2015. The Company is currently evaluating the provisions of ASU No. 2015-02 to determine the potential impact the new standard will have on the Company's Consolidated Financial Statements. | |
Update ASU No. 2014-14, Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure. This update clarifies how creditors classify certain government-sponsored mortgage loans to borrowers with a guarantee that entitles the creditor to recover all or a portion of the unpaid principal balance from the government if the borrower defaults. The amendments in this update require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met: | |
1. The loan has a government guarantee that is not separable from the loan before foreclosure. | |
2. At the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim. | |
3. At the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed. Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. | |
Adoption of the amendments in this update can be either a prospective transition method or a modified retrospective transition method. For prospective transition, an entity should apply the amendments in this update to foreclosures that occur after the date of adoption. For modified retrospective transition, an entity should apply the amendments in this update by means of a cumulative effect adjustment (through a reclassification to a separate other receivable) as of the beginning of the annual period of adoption. ASU 2014-14 was effective beginning after December 15, 2014 and did not have a significant impact on the Company’s financial statements. | |
ASU No. 2014-12, Compensation—Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. Guidance in Topic 718 as it relates to awards with performance conditions that affect vesting should be applied to account for such awards. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The requisite service period ends when the employee can cease rendering service and still be eligible to vest in the award if the performance target is achieved. As indicated in the definition of vest, the stated vesting period (which includes the period in which the performance target could be achieved) may differ from the requisite service period. The amendments of ASU 2014-12 are effective for interim and annual periods beginning after December 15, 2015. The Company will evaluate this amendment but does not believe it will have an impact on its financial position or results of operations | |
Update ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606): The guidance requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amendments in this update are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company will evaluate the amendments in this update but does not believe they will have an impact on its financial position or results of operations | |
ASU No. 2014-04, Receivables –Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. 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. ASU 2014-04 did not have a significant impact on the Company’s financial statements. | |
Investments_Securities_Tables
Investments Securities (Tables) | 3 Months Ended | |||||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||||
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, 2015 | December 31, 2014 | ||||||||||||||||||||||||
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 | $ | 26,014 | $ | 21 | $ | 9 | $ | 26,026 | $ | 37,010 | $ | - | $ | 29 | $ | 36,981 | ||||||||||
Treasuries | 4,000 | - | - | 4,000 | 4,000 | - | 3 | 3,997 | ||||||||||||||||||
Mortgage-backed | 80 | 5 | - | 85 | 95 | 6 | - | 101 | ||||||||||||||||||
Mutual funds | 500 | - | - | 500 | - | - | - | - | ||||||||||||||||||
$ | 30,594 | $ | 26 | $ | 9 | $ | 30,611 | $ | 41,105 | $ | 6 | $ | 32 | $ | 41,079 | |||||||||||
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 March 31, 2015 and December 31, 2014 are presented below: | |||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||
(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 | $ | 7,496 | $ | 9 | $ | - | $ | - | $ | 7,496 | $ | 9 | ||||||||||||||
Treasuries | - | - | - | - | - | - | ||||||||||||||||||||
Mortgage-backed | - | - | - | - | - | - | ||||||||||||||||||||
Mutual funds | - | - | - | - | - | - | ||||||||||||||||||||
$ | 7,496 | $ | 9 | $ | - | $ | - | $ | 7,496 | $ | 9 | |||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||
(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 | $ | 26,477 | $ | 29 | $ | - | $ | - | $ | 26,477 | $ | 29 | ||||||||||||||
Treasuries | 3,997 | 3 | - | - | 3,997 | 3 | ||||||||||||||||||||
Mortgage-backed | - | - | - | - | - | - | ||||||||||||||||||||
$ | 30,474 | $ | 32 | $ | - | $ | - | $ | 30,474 | $ | 32 | |||||||||||||||
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, 2015 | December 31, 2014 | ||||||||||||||||||||||||
Amortized | Estimated Fair | Amortized | Estimated Fair | |||||||||||||||||||||||
Cost | Value | Cost | Value | |||||||||||||||||||||||
Amounts maturing: | ||||||||||||||||||||||||||
One year or less | $ | 21,515 | $ | 21,513 | $ | 33,516 | $ | 33,506 | ||||||||||||||||||
After one through five years | 8,507 | 8,522 | 7,508 | 7,487 | ||||||||||||||||||||||
After five through ten years | 72 | 76 | 81 | 86 | ||||||||||||||||||||||
After ten years | 500 | 500 | - | - | ||||||||||||||||||||||
$ | 30,594 | $ | 30,611 | $ | 41,105 | $ | 41,079 | |||||||||||||||||||
Loans_and_Leases_Tables
Loans and Leases (Tables) | 3 Months Ended | |||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||
Receivables [Abstract] | ||||||||||||||||||||
Schedule of Receivables with Imputed Interest [Table Text Block] | The loan portfolio segment balances at March 31, 2015 and December 31, 2014 are presented in the following table: | |||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||
(in thousands) | Legacy | Acquired | Total | Legacy | Acquired | Total | ||||||||||||||
Real estate | ||||||||||||||||||||
Construction and land | $ | 51,983 | $ | 6,921 | $ | 58,904 | $ | 56,490 | $ | 7,668 | $ | 64,158 | ||||||||
Residential - first lien | 66,473 | 28,866 | 95,339 | 58,904 | 29,389 | 88,293 | ||||||||||||||
Residential - junior lien | 12,255 | 8,243 | 20,498 | 11,006 | 8,295 | 19,301 | ||||||||||||||
Total residential real estate | 78,728 | 37,109 | 115,837 | 69,910 | 37,684 | 107,594 | ||||||||||||||
Commercial - owner occupied | 81,636 | 25,946 | 107,582 | 85,824 | 27,002 | 112,826 | ||||||||||||||
Commercial - non-owner occupied | 115,798 | 23,032 | 138,830 | 100,589 | 23,369 | 123,958 | ||||||||||||||
Total commercial real estate | 197,434 | 48,978 | 246,412 | 186,413 | 50,371 | 236,784 | ||||||||||||||
Total real estate loans | 328,145 | 93,008 | 421,153 | 312,813 | 95,723 | 408,536 | ||||||||||||||
Commercial loans and leases | 118,938 | 26,011 | 144,949 | 113,176 | 26,493 | 139,669 | ||||||||||||||
Consumer | 1,139 | 3,196 | 4,335 | 1,485 | 3,227 | 4,712 | ||||||||||||||
Total loans | $ | 448,222 | $ | 122,215 | $ | 570,437 | $ | 427,474 | $ | 125,443 | $ | 552,917 | ||||||||
Credit_Quality_Assessment_Tabl
Credit Quality Assessment (Tables) | 3 Months Ended | |||||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||||
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, 2015 and 2014: | |||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||
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 | $ | 174 | $ | 272 | $ | 55 | $ | 160 | $ | 562 | $ | 2,366 | $ | 13 | $ | 3,602 | ||||||||||
Charge-offs | - | - | - | - | -13 | -4 | -17 | |||||||||||||||||||
Recoveries | - | 3 | - | - | - | 1 | - | 4 | ||||||||||||||||||
Provision for credit losses | -10 | 3 | - | 15 | 63 | 173 | 6 | 250 | ||||||||||||||||||
Ending balance | $ | 164 | $ | 278 | $ | 55 | $ | 175 | $ | 625 | $ | 2,527 | $ | 15 | $ | 3,839 | ||||||||||
Allowance allocated to: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
individually evaluated for impairment | 60 | - | - | - | - | 483 | - | 543 | ||||||||||||||||||
collectively evaluated for impairment | 100 | 278 | 25 | 156 | 565 | 1,905 | 15 | 3,044 | ||||||||||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
individually evaluated for impairment | - | - | 30 | - | - | 55 | - | 85 | ||||||||||||||||||
collectively evaluated for impairment | 4 | - | - | 19 | 60 | 84 | - | 167 | ||||||||||||||||||
Loans: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Ending balance | 51,983 | 66,473 | 12,255 | 81,636 | 115,798 | 118,938 | 1,139 | 448,222 | ||||||||||||||||||
individually evaluated for impairment | 1,144 | 301 | - | - | 2,694 | 2,062 | - | 6,201 | ||||||||||||||||||
collectively evaluated for impairment | 50,839 | 66,172 | 12,255 | 81,636 | 113,104 | 116,876 | 1,139 | 442,021 | ||||||||||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
Ending balance | 6,921 | 28,866 | 8,243 | 25,946 | 23,032 | 26,011 | 3,196 | 122,215 | ||||||||||||||||||
individually evaluated for impairment | - | 344 | 59 | - | - | 404 | 112 | 919 | ||||||||||||||||||
collectively evaluated for impairment | 6,921 | 28,522 | 8,184 | 25,946 | 23,032 | 25,607 | 3,084 | 121,296 | ||||||||||||||||||
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 | ||||||||||
December 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 allocated to: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
individually evaluated for impairment | 60 | - | - | - | - | 483 | - | 543 | ||||||||||||||||||
collectively evaluated for impairment | 108 | 271 | 25 | 142 | 502 | 1,745 | 13 | 2,806 | ||||||||||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
individually evaluated for impairment | - | - | 30 | - | - | 55 | - | 85 | ||||||||||||||||||
collectively evaluated for impairment | 6 | 1 | - | 18 | 60 | 83 | - | 168 | ||||||||||||||||||
Loans: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Ending balance | 56,490 | 58,904 | 11,006 | 85,824 | 100,589 | 113,176 | 1,485 | 427,474 | ||||||||||||||||||
individually evaluated for impairment | 1,144 | 308 | - | - | 2,700 | 2,073 | - | 6,225 | ||||||||||||||||||
collectively evaluated for impairment | 55,346 | 58,596 | 11,006 | 85,824 | 97,889 | 111,103 | 1,485 | 421,249 | ||||||||||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
Ending balance | 7,668 | 29,389 | 8,295 | 27,002 | 23,369 | 26,493 | 3,227 | 125,443 | ||||||||||||||||||
individually evaluated for impairment | - | 411 | 57 | - | - | 405 | 92 | 965 | ||||||||||||||||||
collectively evaluated for impairment | 7,668 | 28,978 | 8,238 | 27,002 | 23,369 | 26,088 | 3,135 | 124,478 | ||||||||||||||||||
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, 2015 | ||||||||||||||||||||||||||
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: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Not classified | $ | 50,839 | $ | 66,014 | $ | 12,181 | $ | 81,636 | $ | 113,104 | $ | 117,622 | $ | 1,139 | $ | 442,535 | ||||||||||
Special mention | - | - | - | - | - | - | - | - | ||||||||||||||||||
Substandard | - | 459 | 74 | 2,100 | 224 | 2,857 | ||||||||||||||||||||
Doubtful | 1,144 | - | - | - | 594 | 1,092 | - | 2,830 | ||||||||||||||||||
Total | $ | 51,983 | $ | 66,473 | $ | 12,255 | $ | 81,636 | $ | 115,798 | $ | 118,938 | $ | 1,139 | $ | 448,222 | ||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
Not classified | $ | 6,921 | $ | 27,978 | $ | 8,184 | $ | 25,946 | $ | 23,032 | $ | 25,607 | $ | 3,084 | $ | 120,752 | ||||||||||
Special mention | - | - | - | - | - | - | - | - | ||||||||||||||||||
Substandard | - | 544 | - | - | - | - | - | 544 | ||||||||||||||||||
Doubtful | - | 344 | 59 | - | - | 404 | 112 | 919 | ||||||||||||||||||
Total | $ | 6,921 | $ | 28,866 | $ | 8,243 | $ | 25,946 | $ | 23,032 | $ | 26,011 | $ | 3,196 | $ | 122,215 | ||||||||||
December 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: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Not classified | $ | 55,346 | $ | 58,439 | $ | 10,932 | $ | 85,580 | $ | 97,889 | $ | 111,312 | $ | 1,485 | $ | 420,983 | ||||||||||
Special mention | - | - | - | - | - | - | - | - | ||||||||||||||||||
Substandard | 1,144 | 465 | 74 | 244 | 2,700 | 1,864 | - | 6,491 | ||||||||||||||||||
Doubtful | - | - | - | - | - | - | - | - | ||||||||||||||||||
Total | $ | 56,490 | $ | 58,904 | $ | 11,006 | $ | 85,824 | $ | 100,589 | $ | 113,176 | $ | 1,485 | $ | 427,474 | ||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
Not classified | $ | 7,668 | $ | 28,431 | $ | 8,238 | $ | 27,002 | $ | 23,369 | $ | 26,088 | $ | 3,135 | $ | 123,931 | ||||||||||
Special mention | - | - | - | - | - | - | - | - | ||||||||||||||||||
Substandard | - | 546 | - | - | - | - | - | 546 | ||||||||||||||||||
Doubtful | - | 412 | 57 | - | - | 405 | 92 | 966 | ||||||||||||||||||
Total | $ | 7,668 | $ | 29,389 | $ | 8,295 | $ | 27,002 | $ | 23,369 | $ | 26,493 | $ | 3,227 | $ | 125,443 | ||||||||||
Past Due Financing Receivables [Table Text Block] | An aged analysis of past due loans are as follows: | |||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||
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: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Accruing loans current | $ | 50,800 | $ | 65,700 | $ | 12,181 | $ | 81,636 | $ | 115,204 | $ | 116,904 | $ | 1,119 | $ | 443,544 | ||||||||||
Accruing loans past due: | ||||||||||||||||||||||||||
31-59 days past due | - | 315 | - | - | - | 107 | 20 | 442 | ||||||||||||||||||
60-89 days past due | 39 | - | - | - | - | 835 | - | 874 | ||||||||||||||||||
Greater than 90 days past due | - | 458 | 74 | - | - | - | - | 532 | ||||||||||||||||||
Total past due | $ | 39 | $ | 773 | $ | 74 | $ | - | $ | - | $ | 942 | $ | 20 | $ | 1,848 | ||||||||||
Non-accrual loans | 1,144 | - | - | - | 594 | 1,092 | - | 2,830 | ||||||||||||||||||
Total loans | $ | 51,983 | $ | 66,473 | $ | 12,255 | $ | 81,636 | $ | 115,798 | $ | 118,938 | $ | 1,139 | $ | 448,222 | ||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
Accruing loans current | $ | 6,921 | $ | 27,839 | $ | 8,184 | $ | 25,946 | $ | 23,032 | $ | 25,264 | $ | 2,853 | $ | 120,039 | ||||||||||
Accruing loans past due: | ||||||||||||||||||||||||||
31-59 days past due | - | 558 | - | - | - | 64 | 40 | 662 | ||||||||||||||||||
60-89 days past due | - | 125 | - | - | - | - | 191 | 316 | ||||||||||||||||||
Greater than 90 days past due | - | - | - | - | - | 332 | - | 332 | ||||||||||||||||||
Total past due | $ | - | $ | 683 | $ | - | $ | - | $ | - | $ | 396 | $ | 231 | $ | 1,310 | ||||||||||
Non-accrual loans | - | 344 | 59 | - | - | 351 | 112 | 866 | ||||||||||||||||||
Total loans | $ | 6,921 | $ | 28,866 | $ | 8,243 | $ | 25,946 | $ | 23,032 | $ | 26,011 | $ | 3,196 | $ | 122,215 | ||||||||||
December 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: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Accruing loans current | $ | 55,346 | $ | 58,122 | $ | 10,932 | $ | 85,824 | $ | 100,439 | $ | 108,451 | $ | 1,480 | $ | 420,594 | ||||||||||
Accruing loans past due: | ||||||||||||||||||||||||||
31-59 days past due | - | - | - | - | - | - | 5 | 5 | ||||||||||||||||||
60-89 days past due | - | 316 | 74 | - | - | 2,816 | - | 3,206 | ||||||||||||||||||
Greater than 90 days past due | - | 158 | - | - | 150 | 244 | - | 552 | ||||||||||||||||||
Total past due | $ | - | $ | 474 | $ | 74 | $ | - | $ | 150 | $ | 3,060 | $ | 5 | $ | 3,763 | ||||||||||
Non-accrual loans | 1,144 | 308 | - | - | - | 1,665 | - | 3,117 | ||||||||||||||||||
Total loans | $ | 56,490 | $ | 58,904 | $ | 11,006 | $ | 85,824 | $ | 100,589 | $ | 113,176 | $ | 1,485 | $ | 427,474 | ||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
Accruing loans current | $ | 7,390 | $ | 28,731 | $ | 8,186 | $ | 27,002 | $ | 23,369 | $ | 25,738 | $ | 3,135 | $ | 123,551 | ||||||||||
Accruing loans past due: | ||||||||||||||||||||||||||
31-59 days past due | - | 247 | 52 | - | - | 54 | - | 353 | ||||||||||||||||||
60-89 days past due | - | - | - | - | - | 24 | - | 24 | ||||||||||||||||||
Greater than 90 days past due | 278 | - | - | - | - | 327 | - | 605 | ||||||||||||||||||
Total past due | $ | 278 | $ | 247 | $ | 52 | $ | - | $ | - | $ | 405 | $ | - | $ | 982 | ||||||||||
Non-accrual loans | - | 411 | 57 | - | - | 350 | 92 | 910 | ||||||||||||||||||
Total loans | $ | 7,668 | $ | 29,389 | $ | 8,295 | $ | 27,002 | $ | 23,369 | $ | 26,493 | $ | 3,227 | $ | 125,443 | ||||||||||
Impaired Financing Receivables [Table Text Block] | The impaired loans at March 31, 2015 and December 31, 2014 are as follows: | |||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||
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: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Recorded investment | 1,144 | 301 | - | - | 2,694 | 2,062 | - | 6,201 | ||||||||||||||||||
With an allowance recorded | 334 | - | - | - | - | 642 | - | 976 | ||||||||||||||||||
With no related allowance recorded | 810 | 301 | - | - | 2,694 | 1,420 | - | 5,225 | ||||||||||||||||||
Related allowance | 60 | - | - | - | - | 483 | - | 543 | ||||||||||||||||||
Unpaid principal | 1,144 | 301 | - | - | 2,694 | 2,116 | - | 6,255 | ||||||||||||||||||
Average balance of impaired loans | 1,144 | 326 | - | - | 2,694 | 2,624 | - | 6,788 | ||||||||||||||||||
Interest income recognized | - | 6 | - | - | 33 | 19 | - | 58 | ||||||||||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
Recorded investment | - | 344 | 59 | - | - | 404 | 112 | 919 | ||||||||||||||||||
With an allowance recorded | - | - | 59 | - | - | 52 | - | 111 | ||||||||||||||||||
With no related allowance recorded | - | 344 | - | - | - | 352 | 112 | 808 | ||||||||||||||||||
Related allowance | - | - | 30 | - | - | 55 | - | 85 | ||||||||||||||||||
Unpaid principal | - | 419 | 83 | - | 530 | 679 | 275 | 1,986 | ||||||||||||||||||
Average balance of impaired loans | - | 422 | 83 | - | 530 | 722 | 275 | 2,032 | ||||||||||||||||||
Interest income recognized | - | - | - | - | - | 1 | - | 1 | ||||||||||||||||||
December 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: | ||||||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Recorded investment | 1,144 | 308 | - | - | 2,700 | 2,073 | - | 6,225 | ||||||||||||||||||
With an allowance recorded | 334 | - | - | - | - | 690 | - | 1,024 | ||||||||||||||||||
With no related allowance recorded | 810 | 308 | - | - | 2,700 | 1,383 | - | 5,201 | ||||||||||||||||||
Related allowance | 60 | - | - | - | - | 483 | - | 543 | ||||||||||||||||||
Unpaid principal | 1,144 | 308 | - | - | 2,700 | 2,127 | - | 6,279 | ||||||||||||||||||
Average balance of impaired loans | 1,108 | 329 | - | - | 2,713 | 2,558 | - | 6,708 | ||||||||||||||||||
Interest income recognized | 37 | 18 | - | - | 166 | 167 | - | 388 | ||||||||||||||||||
Acquired Loans: | ||||||||||||||||||||||||||
Recorded investment | - | 411 | 57 | - | - | 405 | 92 | 965 | ||||||||||||||||||
With an allowance recorded | - | - | 57 | - | - | 55 | - | 112 | ||||||||||||||||||
With no related allowance recorded | - | 411 | - | - | - | 350 | 92 | 853 | ||||||||||||||||||
Related allowance | - | - | 30 | - | - | 55 | - | 85 | ||||||||||||||||||
Unpaid principal | - | 565 | 83 | - | 530 | 825 | 327 | 2,330 | ||||||||||||||||||
Average balance of impaired loans | - | 568 | 83 | - | 560 | 829 | 379 | 2,419 | ||||||||||||||||||
Interest income recognized | - | - | - | - | - | - | - | - | ||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | The trouble debt restructured loans (“TDRs”) at March 31, 2015 and December 31, 2014 are as follows: | |||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||
Number | Non-Accrual | Number | Accrual | Total | ||||||||||||||||||||||
(dollars in thousands) | of Loans | Status | of Loans | Status | TDRs | |||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Residential real estate - first lien | - | $ | - | 1 | $ | 301 | $ | 301 | ||||||||||||||||||
Commercial - non-owner occupied | 1 | 594 | 1 | 2,100 | 2,694 | |||||||||||||||||||||
Commercial loans | - | - | 1 | 224 | 224 | |||||||||||||||||||||
1 | $ | 594 | 3 | $ | 2,625 | $ | 3,219 | |||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||
Number | Non-Accrual | Number | Accrual | Total | ||||||||||||||||||||||
(dollars in thousands) | of Loans | Status | of Loans | Status | TDRs | |||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Residential real estate - first lien | 1 | $ | 308 | - | $ | - | $ | 308 | ||||||||||||||||||
Commercial loans | 6 | 723 | 1 | 226 | 949 | |||||||||||||||||||||
7 | $ | 1,031 | 1 | $ | 226 | $ | 1,257 | |||||||||||||||||||
Summary of Troubled Debt Restructuring Outstanding and Performance [Table Text Block] | A summary of TDR modifications outstanding and performing under modified terms are as follows: | |||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||
Not Performing | Performing | |||||||||||||||||||||||||
to Modified | to Modified | Total | ||||||||||||||||||||||||
(in thousands) | Terms | Terms | TDRs | |||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Residential real estate - first lien | ||||||||||||||||||||||||||
Forbearance | $ | - | $ | 301 | $ | 301 | ||||||||||||||||||||
Commercial - non-owner occupied | ||||||||||||||||||||||||||
Rate modification | 2,100 | 2,100 | ||||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||
Rate modification | 594 | - | 594 | |||||||||||||||||||||||
Extension or other modification | - | 224 | 224 | |||||||||||||||||||||||
Total trouble debt restructure loans | $ | 594 | $ | 2,625 | $ | 3,219 | ||||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||
Not Performing | Performing | |||||||||||||||||||||||||
to Modified | to Modified | Total | ||||||||||||||||||||||||
(in thousands) | Terms | Terms | TDRs | |||||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||||||||
Residential real estate - first lien | ||||||||||||||||||||||||||
Forbearance | $ | 308 | $ | - | $ | 308 | ||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||
Forbearance | 723 | - | 723 | |||||||||||||||||||||||
Extension or other modification | - | 226 | 226 | |||||||||||||||||||||||
Total trouble debt restructure loans | $ | 1,031 | $ | 226 | $ | 1,257 | ||||||||||||||||||||
Intangibles_Tables
Intangibles (Tables) | 3 Months Ended | |||||||||||||
Mar. 31, 2015 | ||||||||||||||
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, 2015 | Weighted | |||||||||||||
Gross | Net | Average | ||||||||||||
Carrying | Accumulated | Carrying | Remaining Life | |||||||||||
(in thousands) | Amount | Amortization | Amount | (Years) | ||||||||||
Amortizing intangible assets: | ||||||||||||||
Core deposit intangible | $ | 1,566 | $ | 258 | $ | 1,308 | 8.34 | |||||||
December 31, 2014 | Weighted | |||||||||||||
Gross | Net | Average | ||||||||||||
Carrying | Accumulated | Carrying | Remaining Life | |||||||||||
(in thousands) | Amount | Amortization | Amount | (Years) | ||||||||||
Amortizing intangible assets: | ||||||||||||||
Core deposit intangible | $ | 1,566 | $ | 175 | $ | 1,391 | 8.59 | |||||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Estimated future amortization expense for amortizing intangibles for the years ending December 31, are as follows: | |||||||||||||
(in thousands) | ||||||||||||||
2015 | $ | 230 | ||||||||||||
2016 | 241 | |||||||||||||
2017 | 187 | |||||||||||||
2018 | 149 | |||||||||||||
2019 | 122 | |||||||||||||
Thereafter | 379 | |||||||||||||
Total amortizing intangible assets | $ | 1,308 | ||||||||||||
Deposits_Tables
Deposits (Tables) | 3 Months Ended | |||||||||||
Mar. 31, 2015 | ||||||||||||
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, 2015 | December 31, 2014 | ||||||||||
% of | % of | |||||||||||
Amount | Total | Amount | Total | |||||||||
Noninterest-bearing demand | $ | 137,287 | 24 | % | $ | 142,727 | 26 | % | ||||
Interest-bearing checking | 46,449 | 8 | 49,988 | 9 | ||||||||
Money market accounts | 142,066 | 24 | 140,426 | 25 | ||||||||
Savings | 34,312 | 6 | 31,354 | 6 | ||||||||
Certificates of deposit $100,000 and over | 148,718 | 26 | 108,904 | 19 | ||||||||
Certificates of deposit under $100,000 | 71,823 | 12 | 80,640 | 15 | ||||||||
Total deposits | $ | 580,655 | 100 | % | $ | 554,039 | 100 | % | ||||
Stock_Options_and_Stock_Awards1
Stock Options and Stock Awards (Tables) | 3 Months Ended | |||||||||||||
Mar. 31, 2015 | ||||||||||||||
Stock Options Awards And Warrants [Line Items] | ||||||||||||||
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 periods ended: | |||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||
Weighted | Weighted | |||||||||||||
Average | Average | |||||||||||||
Exercise | Exercise | |||||||||||||
Shares | Price | Shares | Price | |||||||||||
Balance at January 1, | 264,652 | $ | 11.75 | 387,101 | $ | 11.19 | ||||||||
Granted | - | - | - | - | ||||||||||
Exercised | - | - | -4,139 | 8.79 | ||||||||||
Forfeited | -16,861 | 10.41 | -118,310 | 10.02 | ||||||||||
Balance at period end | 247,791 | $ | 11.85 | 264,652 | $ | 11.75 | ||||||||
Exercisable at period end | 247,791 | $ | 11.85 | 264,652 | $ | 11.75 | ||||||||
Weighted average fair value of options granted during the year | $ | - | $ | - | ||||||||||
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | The following table presents a summary of the activity for the Company’s restricted stock for the periods ended: | |||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||
Weighted | Weighted | |||||||||||||
Average | Average | |||||||||||||
Grant Date | Grant Date | |||||||||||||
Shares | Fair Value | Shares | Fair Value | |||||||||||
Balance at January 1, | 33,330 | $ | 6.89 | 50,000 | $ | 6.89 | ||||||||
Granted | - | - | - | - | ||||||||||
Vested | - | - | -10,002 | 6.91 | ||||||||||
Forfeited | - | - | -6,668 | 6.85 | ||||||||||
Balance at period end | 33,330 | $ | 6.89 | 33,330 | $ | 6.89 | ||||||||
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] | The following table presents a summary of the activity for the Company’s restricted stock units for the periods ended: | |||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||
Weighted | Weighted | |||||||||||||
Average | Average | |||||||||||||
Grant Date | Grant Date | |||||||||||||
Shares | Fair Value | Shares | Fair Value | |||||||||||
Balance at January 1, | 44,500 | $ | 11.21 | - | $ | - | ||||||||
Granted | - | - | 44,500 | 11.21 | ||||||||||
Vested | - | - | - | - | ||||||||||
Forfeited | - | - | - | - | ||||||||||
Balance at period end | 44,500 | $ | 11.21 | 44,500 | $ | 11.21 | ||||||||
Income_per_Common_Share_Tables
Income per Common Share (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
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 indicated: | |||||||
Three months ended | ||||||||
March 31, | ||||||||
(dollars in thousands, except per share data) | 2015 | 2014 | ||||||
Net income | $ | 649 | $ | 266 | ||||
Preferred stock dividends | -31 | -31 | ||||||
Net income available to common shareholders (numerator) | $ | 618 | $ | 235 | ||||
BASIC | ||||||||
Basic average common shares outstanding (denominator) | 4,112,379 | 4,090,844 | ||||||
Basic income per common share | $ | 0.15 | $ | 0.06 | ||||
DILUTED | ||||||||
Average common shares outstanding | 4,112,379 | 4,090,844 | ||||||
Dilutive effect of common stock equivalents | 116,014 | 42,274 | ||||||
Diluted average common shares outstanding (denominator) | 4,228,393 | 4,133,118 | ||||||
Diluted income per common share | $ | 0.15 | $ | 0.06 | ||||
Common stock equivalents outstanding that are anti-dilutive and thus excluded from calculation of diluted number of shares presented above | 110,463 | 111,458 | ||||||
RiskBased_Capital_Tables
Risk-Based Capital (Tables) | 3 Months Ended | |||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||
Risks and Uncertainties [Abstract] | ||||||||||||||||||||
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Management believes that, as of March 31, 2015 and December 31, 2014, Bancorp and the Bank met all capital adequacy requirements to which they are 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, 2015: | ||||||||||||||||||||
Total capital (to risk-weighted assets) | ||||||||||||||||||||
Howard Bank | $ | 63,235 | 10.42 | % | $ | 48,529 | 8 | % | $ | 60,661 | 10 | % | ||||||||
Howard Bancorp | $ | 63,629 | 10.49 | % | $ | 48,508 | 8 | % | N/A | |||||||||||
Common equity tier 1 capital (to risk-weighted assets) | ||||||||||||||||||||
Howard Bank | $ | 59,396 | 9.79 | % | $ | 27,298 | 4.5 | % | $ | 39,430 | 6.5 | % | ||||||||
Howard Bancorp | $ | 59,790 | 9.86 | % | $ | 27,286 | 4.5 | % | N/A | |||||||||||
Tier 1 capital (to risk-weighted assets) | ||||||||||||||||||||
Howard Bank | $ | 59,396 | 9.79 | % | $ | 36,397 | 6 | % | $ | 48,529 | 8 | % | ||||||||
Howard Bancorp | $ | 59,790 | 9.86 | % | $ | 36,381 | 6 | % | N/A | |||||||||||
Tier 1 capital (to average assets) | ||||||||||||||||||||
(Leverage ratio) | ||||||||||||||||||||
Howard Bank | $ | 59,396 | 8.61 | % | $ | 27,609 | 4 | % | $ | 34,511 | 5 | % | ||||||||
Howard Bancorp | $ | 59,790 | 8.66 | % | $ | 27,610 | 4 | % | N/A | |||||||||||
As of December 31, 2014: | ||||||||||||||||||||
Total capital (to risk-weighted assets) | ||||||||||||||||||||
Howard Bank | $ | 61,393 | 10.69 | % | $ | 45,932 | 8 | % | $ | 57,415 | 10 | % | ||||||||
Howard Bancorp | $ | 61,811 | 10.73 | % | $ | 46,067 | 8 | % | N/A | |||||||||||
Tier 1 capital (to risk-weighted assets) | ||||||||||||||||||||
Howard Bank | $ | 57,791 | 10.07 | % | $ | 22,966 | 4 | % | $ | 34,449 | 6 | % | ||||||||
Howard Bancorp | $ | 58,208 | 10.11 | % | $ | 23,033 | 4 | % | N/A | |||||||||||
Tier 1 capital (to average assets) | ||||||||||||||||||||
(Leverage ratio) | ||||||||||||||||||||
Howard Bank | $ | 57,791 | 8.54 | % | $ | 27,073 | 4 | % | $ | 33,842 | 5 | % | ||||||||
Howard Bancorp | $ | 58,208 | 8.6 | % | $ | 27,072 | 4 | % | N/A | |||||||||||
Fair_Value_Tables
Fair Value (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||
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, 2015 and December 31, 2014: | ||||||||||||||||
March 31, 2015 | 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 | $ | 26,026 | $ | - | $ | 26,026 | $ | - | |||||||||
U.S. Goverment treasuries | 4,000 | - | 4,000 | - | |||||||||||||
Mortgage-backed securities | 85 | - | 85 | - | |||||||||||||
Mutual funds | 500 | - | 500 | - | |||||||||||||
Loans held for sale | 49,159 | - | 49,159 | - | |||||||||||||
Rate lock commitments | 145 | - | 145 | - | |||||||||||||
December 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 | $ | 36,981 | $ | - | $ | 36,981 | $ | - | |||||||||
U.S. Goverment treasuries | 3,997 | - | 3,997 | - | |||||||||||||
Mortgage-backed securities | 101 | - | 101 | - | |||||||||||||
Loans held for sale | 42,881 | - | 42,881 | - | |||||||||||||
Rate lock commitments | 342 | - | 342 | - | |||||||||||||
Schedule Of Assets Held For Sale Fair Value Options [Table Text Block] | Assets under fair value option: | ||||||||||||||||
March 31, 2015 | Carrying | Aggregate | |||||||||||||||
Fair Value | Unpaid | ||||||||||||||||
(in thousands) | Amount | Principle | Difference | ||||||||||||||
Loans held for sale | $ | 49,159 | $ | 47,863 | $ | 1,296 | |||||||||||
December 31, 2014 | Carrying | Aggregate | |||||||||||||||
Fair Value | Unpaid | ||||||||||||||||
(in thousands) | Amount | Principle | Difference | ||||||||||||||
Loans held for sale | $ | 42,881 | $ | 41,668 | $ | 1,213 | |||||||||||
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 at March 31, 2015 and December 31, 2014. OREO is carried at fair value less anticipated costs to sell. Impaired loans are measured using the fair value of collateral, if applicable. | ||||||||||||||||
March 31,2015 | 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 | $ | 2,472 | $ | - | $ | - | $ | 2,472 | |||||||||
Impaired loans: | |||||||||||||||||
Construction and land | 1,084 | - | - | 1,084 | |||||||||||||
Residential - first lien | 645 | - | - | 645 | |||||||||||||
Residential - junior lien | 29 | - | - | 29 | |||||||||||||
Commercial - owner occupied | - | - | - | - | |||||||||||||
Commercial - non-owner occupied | 2,694 | - | - | 2,694 | |||||||||||||
Commercial loans and leases | 1,928 | - | - | 1,928 | |||||||||||||
Consumer | 112 | - | - | 112 | |||||||||||||
December 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 | $ | 2,472 | $ | - | $ | - | $ | 2,472 | |||||||||
Impaired loans: | |||||||||||||||||
Construction and land | 1,084 | - | - | 1,084 | |||||||||||||
Residential - first lien | 719 | - | - | 719 | |||||||||||||
Residential - junior lien | 27 | - | - | 27 | |||||||||||||
Commercial - owner occupied | - | - | - | - | |||||||||||||
Commercial - non-owner occupied | 2,700 | - | - | 2,700 | |||||||||||||
Commercial loans and leases | 1,940 | - | - | 1,940 | |||||||||||||
Consumer | 92 | - | - | 92 | |||||||||||||
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, 2015 | |||||||||||||||||
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 | |||||||||||||||||
Investment securities | $ | 30,611 | $ | 30,611 | $ | - | $ | 30,611 | $ | - | |||||||
Nonmarketable equity securities | 2,535 | 2,535 | - | 2,535 | - | ||||||||||||
Loans held for sale | 49,159 | 49,159 | - | 49,159 | - | ||||||||||||
Rate lock commitments | 145 | 145 | - | 145 | - | ||||||||||||
Loans and leases | 570,437 | 571,351 | - | - | 571,351 | ||||||||||||
Financial Liabilities | |||||||||||||||||
Deposits | 580,655 | 581,185 | - | - | 581,185 | ||||||||||||
Short-term borrowings | 41,032 | 41,032 | - | 41,032 | - | ||||||||||||
Long-term borrowings | 19,500 | 19,555 | - | 19,555 | - | ||||||||||||
December 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 | |||||||||||||||||
Investment securities | $ | 41,079 | $ | 41,079 | $ | - | $ | 41,079 | $ | - | |||||||
Nonmarketable equity securities | 2,571 | 2,571 | - | 2,571 | - | ||||||||||||
Loans held for sale | 42,881 | 42,881 | - | 42,881 | - | ||||||||||||
Rate lock commitments | 342 | 342 | - | 342 | - | ||||||||||||
Loans and leases | 549,315 | 547,825 | - | - | 547,825 | ||||||||||||
Financial Liabilities | |||||||||||||||||
Deposits | 554,039 | 554,660 | - | - | 554,660 | ||||||||||||
Short-term borrowings | 48,628 | 48,628 | - | 48,628 | - | ||||||||||||
Long-term borrowings | 19,000 | 19,055 | - | 19,055 | - | ||||||||||||
Investments_Securities_Details
Investments Securities (Details) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $30,594 | $41,105 |
Gross Unrealized Gains | 26 | 6 |
Gross Unrealized Losses | 9 | 32 |
Estimated Fair Value | 30,611 | 41,079 |
U.S Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 26,014 | 37,010 |
Gross Unrealized Gains | 21 | 0 |
Gross Unrealized Losses | 9 | 29 |
Estimated Fair Value | 26,026 | 36,981 |
U.S.Government treasuries [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 4,000 | 4,000 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 0 | 3 |
Estimated Fair Value | 4,000 | 3,997 |
Collateralized Mortgage Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 80 | 95 |
Gross Unrealized Gains | 5 | 6 |
Gross Unrealized Losses | 0 | 0 |
Estimated Fair Value | 85 | 101 |
Mutual funds [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 500 | 0 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 0 | 0 |
Estimated Fair Value | $500 | $0 |
Investments_Securities_Details1
Investments Securities (Details 1) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
Available For Sale Securities Continuous Unrealized Loss Position [Line Items] | ||
Individual securities, Less than 12 months, Fair Value | $7,496 | $30,474 |
Individual securities, Less than 12 months, Gross Unrealized Losses | 9 | 32 |
Individual securities, 12 months or more, Fair Value | 0 | 0 |
Individual securities, 12 months or more, Gross Unrealized Losses | 0 | 0 |
Individual securities, Total, Fair Value | 7,496 | 30,474 |
Individual securities, Total, Gross Unrealized Losses | 9 | 32 |
US Government Agencies [Member] | ||
Available For Sale Securities Continuous Unrealized Loss Position [Line Items] | ||
Individual securities, Less than 12 months, Fair Value | 7,496 | 26,477 |
Individual securities, Less than 12 months, Gross Unrealized Losses | 9 | 29 |
Individual securities, 12 months or more, Fair Value | 0 | 0 |
Individual securities, 12 months or more, Gross Unrealized Losses | 0 | 0 |
Individual securities, Total, Fair Value | 7,496 | 26,477 |
Individual securities, Total, Gross Unrealized Losses | 9 | 29 |
U.S.Government treasuries [Member] | ||
Available For Sale Securities Continuous Unrealized Loss Position [Line Items] | ||
Individual securities, Less than 12 months, Fair Value | 0 | 3,997 |
Individual securities, Less than 12 months, Gross Unrealized Losses | 0 | 3 |
Individual securities, 12 months or more, Fair Value | 0 | 0 |
Individual securities, 12 months or more, Gross Unrealized Losses | 0 | 0 |
Individual securities, Total, Fair Value | 0 | 3,997 |
Individual securities, Total, Gross Unrealized Losses | 0 | 3 |
Collateralized Mortgage Backed Securities [Member] | ||
Available For Sale Securities Continuous Unrealized Loss Position [Line Items] | ||
Individual securities, Less than 12 months, Fair Value | 0 | 0 |
Individual securities, Less than 12 months, Gross Unrealized Losses | 0 | 0 |
Individual securities, 12 months or more, Fair Value | 0 | 0 |
Individual securities, 12 months or more, Gross Unrealized Losses | 0 | 0 |
Individual securities, Total, Fair Value | 0 | 0 |
Individual securities, Total, Gross Unrealized Losses | 0 | 0 |
Mutual funds [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, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Amounts maturing: | ||
One year or less, Amortized Cost | $21,515 | $33,516 |
After one through five years, Amortized Cost | 8,507 | 7,508 |
After five through ten years, Amortized Cost | 72 | 81 |
After ten years, Amortized Cost | 500 | 0 |
Amortized Cost | 30,594 | 41,105 |
One year or less, Estimated Fair value | 21,513 | 33,506 |
After one through five years, Estimated Fair value | 8,522 | 7,487 |
After five through ten years, Estimated Fair value | 76 | 86 |
After ten years, Estimated Fair value | 500 | 0 |
Estimated Fair Value | $30,611 | $41,079 |
Investments_Securities_Details3
Investments Securities (Details Textual) (USD $) | 3 Months Ended | |
Dec. 31, 2014 | Mar. 31, 2015 | |
Securities Pledged For Repurchase Agreements [Line Items] | ||
Pledged Assets Separately Reported, Securities Pledged for Repurchase Agreements, at Fair Value | $23,800,000 | $14,600,000 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities | 31,700,000 | |
Gain (Loss) on Sale of Securities, Net | 228,000 | |
Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value | $7,200,000 |
Loans_and_Leases_Details
Loans and Leases (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | $570,437 | $552,917 |
Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 448,222 | 427,474 |
Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 122,215 | 125,443 |
Construction and Land [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 58,904 | 64,158 |
Construction and Land [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 51,983 | 56,490 |
Construction and Land [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 6,921 | 7,668 |
Residential - First Lien [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 95,339 | 88,293 |
Residential - First Lien [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 66,473 | 58,904 |
Residential - First Lien [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 28,866 | 29,389 |
Residential Junior Lien [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 20,498 | 19,301 |
Residential Junior Lien [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 12,255 | 11,006 |
Residential Junior Lien [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 8,243 | 8,295 |
Residential Real Estate [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 115,837 | 107,594 |
Residential Real Estate [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 78,728 | 69,910 |
Residential Real Estate [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 37,109 | 37,684 |
Commercial - Owner Occupied [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 107,582 | 112,826 |
Commercial - Owner Occupied [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 81,636 | 85,824 |
Commercial - Owner Occupied [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 25,946 | 27,002 |
Commercial-Non-Owner Occupied [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 138,830 | 123,958 |
Commercial-Non-Owner Occupied [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 115,798 | 100,589 |
Commercial-Non-Owner Occupied [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 23,032 | 23,369 |
Commercial Real Estate [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 246,412 | 236,784 |
Commercial Real Estate [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 197,434 | 186,413 |
Commercial Real Estate [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 48,978 | 50,371 |
Real Estate [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 421,153 | 408,536 |
Real Estate [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 328,145 | 312,813 |
Real Estate [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 93,008 | 95,723 |
Commercial Loan [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 144,949 | 139,669 |
Commercial Loan [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 118,938 | 113,176 |
Commercial Loan [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 26,011 | 26,493 |
Consumer Loan [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 4,335 | 4,712 |
Consumer Loan [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 1,139 | 1,485 |
Consumer Loan [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | $3,196 | $3,227 |
Loans_and_Leases_Details_Textu
Loans and Leases (Details Textual) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Loans and Leases Receivable [Line Items] | ||
Loans Receivable Held-for-sale, Net | $49,159 | $42,881 |
Credit_Quality_Assessment_Deta
Credit Quality Assessment (Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for credit losses, Beginning balance | $3,602 | $2,506 | |
Allowance for credit losses, Charge-offs | -17 | 0 | |
Allowance for credit losses, Recoveries | 4 | 18 | |
Allowance for credit losses, Provision for credit losses | 250 | 176 | |
Allowance for credit losses, Ending balance | 3,839 | 2,700 | |
Loans, Ending balance | 570,437 | 552,917 | |
Legacy Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance allocated to Individually Evaluated for Impairment | 543 | 543 | |
Allowance allocated to Collectively Evaluated for Impairment | 3,044 | 2,806 | |
Loans, Ending balance | 448,222 | 427,474 | |
Loans individually evaluated for impairment | 6,201 | 6,225 | |
Loans collectively evaluated for impairment | 442,021 | 421,249 | |
Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance allocated to Individually Evaluated for Impairment | 85 | 85 | |
Allowance allocated to Collectively Evaluated for Impairment | 167 | 168 | |
Loans, Ending balance | 122,215 | 125,443 | |
Loans individually evaluated for impairment | 919 | 965 | |
Loans collectively evaluated for impairment | 121,296 | 124,478 | |
Construction and Land [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for credit losses, Beginning balance | 174 | 122 | |
Allowance for credit losses, Charge-offs | 0 | 0 | |
Allowance for credit losses, Recoveries | 0 | 0 | |
Allowance for credit losses, Provision for credit losses | -10 | 21 | |
Allowance for credit losses, Ending balance | 164 | 143 | |
Loans, Ending balance | 58,904 | 64,158 | |
Construction and Land [Member] | Legacy Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance allocated to Individually Evaluated for Impairment | 60 | 60 | |
Allowance allocated to Collectively Evaluated for Impairment | 100 | 108 | |
Loans, Ending balance | 51,983 | 56,490 | |
Loans individually evaluated for impairment | 1,144 | 1,144 | |
Loans collectively evaluated for impairment | 50,839 | 55,346 | |
Construction and Land [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | |
Allowance allocated to Collectively Evaluated for Impairment | 4 | 6 | |
Loans, Ending balance | 6,921 | 7,668 | |
Loans individually evaluated for impairment | 0 | 0 | |
Loans collectively evaluated for impairment | 6,921 | 7,668 | |
Residential - First Lien [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for credit losses, Beginning balance | 272 | 200 | |
Allowance for credit losses, Charge-offs | 0 | 0 | |
Allowance for credit losses, Recoveries | 3 | 0 | |
Allowance for credit losses, Provision for credit losses | 3 | -13 | |
Allowance for credit losses, Ending balance | 278 | 187 | |
Loans, Ending balance | 95,339 | 88,293 | |
Residential - First Lien [Member] | Legacy Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | |
Allowance allocated to Collectively Evaluated for Impairment | 278 | 271 | |
Loans, Ending balance | 66,473 | 58,904 | |
Loans individually evaluated for impairment | 301 | 308 | |
Loans collectively evaluated for impairment | 66,172 | 58,596 | |
Residential - First Lien [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | |
Allowance allocated to Collectively Evaluated for Impairment | 0 | 1 | |
Loans, Ending balance | 28,866 | 29,389 | |
Loans individually evaluated for impairment | 344 | 411 | |
Loans collectively evaluated for impairment | 28,522 | 28,978 | |
Residential - Junior Lien [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for credit losses, Beginning balance | 55 | 34 | |
Allowance for credit losses, Charge-offs | 0 | 0 | |
Allowance for credit losses, Recoveries | 0 | 0 | |
Allowance for credit losses, Provision for credit losses | 0 | -18 | |
Allowance for credit losses, Ending balance | 55 | 16 | |
Loans, Ending balance | 20,498 | 19,301 | |
Residential - Junior Lien [Member] | Legacy Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | |
Allowance allocated to Collectively Evaluated for Impairment | 25 | 25 | |
Loans, Ending balance | 12,255 | 11,006 | |
Loans individually evaluated for impairment | 0 | 0 | |
Loans collectively evaluated for impairment | 12,255 | 11,006 | |
Residential - Junior Lien [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance allocated to Individually Evaluated for Impairment | 30 | 30 | |
Allowance allocated to Collectively Evaluated for Impairment | 0 | 0 | |
Loans, Ending balance | 8,243 | 8,295 | |
Loans individually evaluated for impairment | 59 | 57 | |
Loans collectively evaluated for impairment | 8,184 | 8,238 | |
Commercial - Owner Occupied [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for credit losses, Beginning balance | 160 | 131 | |
Allowance for credit losses, Charge-offs | 0 | 0 | |
Allowance for credit losses, Recoveries | 0 | 0 | |
Allowance for credit losses, Provision for credit losses | 15 | 6 | |
Allowance for credit losses, Ending balance | 175 | 137 | |
Loans, Ending balance | 107,582 | 112,826 | |
Commercial - Owner Occupied [Member] | Legacy Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | |
Allowance allocated to Collectively Evaluated for Impairment | 156 | 142 | |
Loans, Ending balance | 81,636 | 85,824 | |
Loans individually evaluated for impairment | 0 | 0 | |
Loans collectively evaluated for impairment | 81,636 | 85,824 | |
Commercial - Owner Occupied [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | |
Allowance allocated to Collectively Evaluated for Impairment | 19 | 18 | |
Loans, Ending balance | 25,946 | 27,002 | |
Loans individually evaluated for impairment | 0 | 0 | |
Loans collectively evaluated for impairment | 25,946 | 27,002 | |
Commercial - Non-Owner Occupied [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for credit losses, Beginning balance | 562 | 541 | |
Allowance for credit losses, Charge-offs | 0 | ||
Allowance for credit losses, Recoveries | 0 | 4 | |
Allowance for credit losses, Provision for credit losses | 63 | 141 | |
Allowance for credit losses, Ending balance | 625 | 686 | |
Loans, Ending balance | 138,830 | 123,958 | |
Commercial - Non-Owner Occupied [Member] | Legacy Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | |
Allowance allocated to Collectively Evaluated for Impairment | 565 | 502 | |
Loans, Ending balance | 115,798 | 100,589 | |
Loans individually evaluated for impairment | 2,694 | 2,700 | |
Loans collectively evaluated for impairment | 113,104 | 97,889 | |
Commercial - Non-Owner Occupied [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | |
Allowance allocated to Collectively Evaluated for Impairment | 60 | 60 | |
Loans, Ending balance | 23,032 | 23,369 | |
Loans individually evaluated for impairment | 0 | 0 | |
Loans collectively evaluated for impairment | 23,032 | 23,369 | |
Commercial - Loan and Leases [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for credit losses, Beginning balance | 2,366 | 1,464 | |
Allowance for credit losses, Charge-offs | -13 | 0 | |
Allowance for credit losses, Recoveries | 1 | 14 | |
Allowance for credit losses, Provision for credit losses | 173 | 40 | |
Allowance for credit losses, Ending balance | 2,527 | 1,518 | |
Commercial - Loan and Leases [Member] | Legacy Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance allocated to Individually Evaluated for Impairment | 483 | 483 | |
Allowance allocated to Collectively Evaluated for Impairment | 1,905 | 1,745 | |
Loans, Ending balance | 118,938 | 113,176 | |
Loans individually evaluated for impairment | 2,062 | 2,073 | |
Loans collectively evaluated for impairment | 116,876 | 111,103 | |
Commercial - Loan and Leases [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance allocated to Individually Evaluated for Impairment | 55 | 55 | |
Allowance allocated to Collectively Evaluated for Impairment | 84 | 83 | |
Loans, Ending balance | 26,011 | 26,493 | |
Loans individually evaluated for impairment | 404 | 405 | |
Loans collectively evaluated for impairment | 25,607 | 26,088 | |
Consumer Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for credit losses, Beginning balance | 13 | 14 | |
Allowance for credit losses, Charge-offs | -4 | 0 | |
Allowance for credit losses, Recoveries | 0 | 0 | |
Allowance for credit losses, Provision for credit losses | 6 | -1 | |
Allowance for credit losses, Ending balance | 15 | 13 | |
Loans, Ending balance | 4,335 | 4,712 | |
Consumer Loans [Member] | Legacy Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | |
Allowance allocated to Collectively Evaluated for Impairment | 15 | 13 | |
Loans, Ending balance | 1,139 | 1,485 | |
Loans individually evaluated for impairment | 0 | 0 | |
Loans collectively evaluated for impairment | 1,139 | 1,485 | |
Consumer Loans [Member] | Acquired Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | |
Allowance allocated to Collectively Evaluated for Impairment | 0 | 0 | |
Loans, Ending balance | 3,196 | 3,227 | |
Loans individually evaluated for impairment | 112 | 92 | |
Loans collectively evaluated for impairment | $3,084 | $3,135 |
Credit_Quality_Assessment_Deta1
Credit Quality Assessment (Details 1) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | $570,437 | $552,917 |
Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 448,222 | 427,474 |
Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 122,215 | 125,443 |
Not Classified [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 442,535 | 420,983 |
Not Classified [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 120,752 | 123,931 |
Special Mention [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Special Mention [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Substandard [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 2,857 | 6,491 |
Substandard [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 544 | 546 |
Doubtful [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 2,830 | 0 |
Doubtful [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 919 | 966 |
Construction and Land [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 58,904 | 64,158 |
Construction and Land [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 51,983 | 56,490 |
Construction and Land [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 6,921 | 7,668 |
Construction and Land [Member] | Not Classified [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 50,839 | 55,346 |
Construction and Land [Member] | Not Classified [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 6,921 | 7,668 |
Construction and Land [Member] | Special Mention [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Construction and Land [Member] | Special Mention [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Construction and Land [Member] | Substandard [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 1,144 |
Construction and Land [Member] | Substandard [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Construction and Land [Member] | Doubtful [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 1,144 | 0 |
Construction and Land [Member] | Doubtful [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Residential - First Lien [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 95,339 | 88,293 |
Residential - First Lien [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 66,473 | 58,904 |
Residential - First Lien [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 28,866 | 29,389 |
Residential - First Lien [Member] | Not Classified [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 66,014 | 58,439 |
Residential - First Lien [Member] | Not Classified [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 27,978 | 28,431 |
Residential - First Lien [Member] | Special Mention [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Residential - First Lien [Member] | Special Mention [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Residential - First Lien [Member] | Substandard [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 459 | 465 |
Residential - First Lien [Member] | Substandard [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 544 | 546 |
Residential - First Lien [Member] | Doubtful [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Residential - First Lien [Member] | Doubtful [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 344 | 412 |
Residential Junior Lien [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 20,498 | 19,301 |
Residential Junior Lien [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 12,255 | 11,006 |
Residential Junior Lien [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 8,243 | 8,295 |
Residential Junior Lien [Member] | Not Classified [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 12,181 | 10,932 |
Residential Junior Lien [Member] | Not Classified [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 8,184 | 8,238 |
Residential Junior Lien [Member] | Special Mention [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Residential Junior Lien [Member] | Special Mention [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Residential Junior Lien [Member] | Substandard [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 74 | 74 |
Residential Junior Lien [Member] | Substandard [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Residential Junior Lien [Member] | Doubtful [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Residential Junior Lien [Member] | Doubtful [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 59 | 57 |
Commercial Owner Occupied [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 107,582 | 112,826 |
Commercial Owner Occupied [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 81,636 | 85,824 |
Commercial Owner Occupied [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 25,946 | 27,002 |
Commercial Owner Occupied [Member] | Not Classified [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 81,636 | 85,580 |
Commercial Owner Occupied [Member] | Not Classified [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 25,946 | 27,002 |
Commercial Owner Occupied [Member] | Special Mention [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Commercial Owner Occupied [Member] | Special Mention [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Commercial Owner Occupied [Member] | Substandard [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 244 | |
Commercial Owner Occupied [Member] | Substandard [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Commercial Owner Occupied [Member] | Doubtful [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Commercial Owner Occupied [Member] | Doubtful [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Commercial Non Owner Occupied [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 138,830 | 123,958 |
Commercial Non Owner Occupied [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 115,798 | 100,589 |
Commercial Non Owner Occupied [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 23,032 | 23,369 |
Commercial Non Owner Occupied [Member] | Not Classified [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 113,104 | 97,889 |
Commercial Non Owner Occupied [Member] | Not Classified [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 23,032 | 23,369 |
Commercial Non Owner Occupied [Member] | Special Mention [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Commercial Non Owner Occupied [Member] | Special Mention [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Commercial Non Owner Occupied [Member] | Substandard [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 2,100 | 2,700 |
Commercial Non Owner Occupied [Member] | Substandard [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Commercial Non Owner Occupied [Member] | Doubtful [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 594 | 0 |
Commercial Non Owner Occupied [Member] | Doubtful [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Commercial Loan and Leases [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 118,938 | 113,176 |
Commercial Loan and Leases [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 26,011 | 26,493 |
Commercial Loan and Leases [Member] | Not Classified [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 117,622 | 111,312 |
Commercial Loan and Leases [Member] | Not Classified [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 25,607 | 26,088 |
Commercial Loan and Leases [Member] | Special Mention [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Commercial Loan and Leases [Member] | Special Mention [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Commercial Loan and Leases [Member] | Substandard [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 224 | 1,864 |
Commercial Loan and Leases [Member] | Substandard [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Commercial Loan and Leases [Member] | Doubtful [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 1,092 | 0 |
Commercial Loan and Leases [Member] | Doubtful [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 404 | 405 |
Consumer Loan [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 4,335 | 4,712 |
Consumer Loan [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 1,139 | 1,485 |
Consumer Loan [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 3,196 | 3,227 |
Consumer Loan [Member] | Not Classified [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 1,139 | 1,485 |
Consumer Loan [Member] | Not Classified [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 3,084 | 3,135 |
Consumer Loan [Member] | Special Mention [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Consumer Loan [Member] | Special Mention [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Consumer Loan [Member] | Substandard [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | |
Consumer Loan [Member] | Substandard [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Consumer Loan [Member] | Doubtful [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Consumer Loan [Member] | Doubtful [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | $112 | $92 |
Credit_Quality_Assessment_Deta2
Credit Quality Assessment (Details 2) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual loans | $3,700 | $4,000 |
Total loans | 570,437 | 552,917 |
Legacy Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 443,544 | 420,594 |
Accruing loans 31-59 days past due | 442 | 5 |
Accruing loans 60-89 days past due | 874 | 3,206 |
Accruing loans Greater than 90 days past due | 532 | 552 |
Total past due | 1,848 | 3,763 |
Non-accrual loans | 2,830 | 3,117 |
Total loans | 448,222 | 427,474 |
Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 120,039 | 123,551 |
Accruing loans 31-59 days past due | 662 | 353 |
Accruing loans 60-89 days past due | 316 | 24 |
Accruing loans Greater than 90 days past due | 332 | 605 |
Total past due | 1,310 | 982 |
Non-accrual loans | 866 | 910 |
Total loans | 122,215 | 125,443 |
Construction and Land [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 58,904 | 64,158 |
Construction and Land [Member] | Legacy Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 50,800 | 55,346 |
Accruing loans 31-59 days past due | 0 | 0 |
Accruing loans 60-89 days past due | 39 | 0 |
Accruing loans Greater than 90 days past due | 0 | 0 |
Total past due | 39 | 0 |
Non-accrual loans | 1,144 | 1,144 |
Total loans | 51,983 | 56,490 |
Construction and Land [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 6,921 | 7,390 |
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 | 278 |
Total past due | 0 | 278 |
Non-accrual loans | 0 | 0 |
Total loans | 6,921 | 7,668 |
Residential - First Lien [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 95,339 | 88,293 |
Residential - First Lien [Member] | Legacy Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 65,700 | 58,122 |
Accruing loans 31-59 days past due | 315 | 0 |
Accruing loans 60-89 days past due | 0 | 316 |
Accruing loans Greater than 90 days past due | 458 | 158 |
Total past due | 773 | 474 |
Non-accrual loans | 0 | 308 |
Total loans | 66,473 | 58,904 |
Residential - First Lien [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 27,839 | 28,731 |
Accruing loans 31-59 days past due | 558 | 247 |
Accruing loans 60-89 days past due | 125 | 0 |
Accruing loans Greater than 90 days past due | 0 | 0 |
Total past due | 683 | 247 |
Non-accrual loans | 344 | 411 |
Total loans | 28,866 | 29,389 |
Residential Junior Lien [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 20,498 | 19,301 |
Residential Junior Lien [Member] | Legacy Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 12,181 | 10,932 |
Accruing loans 31-59 days past due | 0 | 0 |
Accruing loans 60-89 days past due | 0 | 74 |
Accruing loans Greater than 90 days past due | 74 | 0 |
Total past due | 74 | 74 |
Non-accrual loans | 0 | 0 |
Total loans | 12,255 | 11,006 |
Residential Junior Lien [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 8,184 | 8,186 |
Accruing loans 31-59 days past due | 0 | 52 |
Accruing loans 60-89 days past due | 0 | 0 |
Accruing loans Greater than 90 days past due | 0 | 0 |
Total past due | 0 | 52 |
Non-accrual loans | 59 | 57 |
Total loans | 8,243 | 8,295 |
Commercial Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 107,582 | 112,826 |
Commercial Owner Occupied [Member] | Legacy Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 81,636 | 85,824 |
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 | 81,636 | 85,824 |
Commercial Owner Occupied [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 25,946 | 27,002 |
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 | 25,946 | 27,002 |
Commercial Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 138,830 | 123,958 |
Commercial Non Owner Occupied [Member] | Legacy Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 115,204 | 100,439 |
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 | 150 |
Total past due | 0 | 150 |
Non-accrual loans | 594 | 0 |
Total loans | 115,798 | 100,589 |
Commercial Non Owner Occupied [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 23,032 | 23,369 |
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 | 23,032 | 23,369 |
Commercial Loan and Leases [Member] | Legacy Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 116,904 | 108,451 |
Accruing loans 31-59 days past due | 107 | 0 |
Accruing loans 60-89 days past due | 835 | 2,816 |
Accruing loans Greater than 90 days past due | 0 | 244 |
Total past due | 942 | 3,060 |
Non-accrual loans | 1,092 | 1,665 |
Total loans | 118,938 | 113,176 |
Commercial Loan and Leases [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 25,264 | 25,738 |
Accruing loans 31-59 days past due | 64 | 54 |
Accruing loans 60-89 days past due | 0 | 24 |
Accruing loans Greater than 90 days past due | 332 | 327 |
Total past due | 396 | 405 |
Non-accrual loans | 351 | 350 |
Total loans | 26,011 | 26,493 |
Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 4,335 | 4,712 |
Consumer Loan [Member] | Legacy Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 1,119 | 1,480 |
Accruing loans 31-59 days past due | 20 | 5 |
Accruing loans 60-89 days past due | 0 | 0 |
Accruing loans Greater than 90 days past due | 0 | 0 |
Total past due | 20 | 5 |
Non-accrual loans | 0 | 0 |
Total loans | 1,139 | 1,485 |
Consumer Loan [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 2,853 | 3,135 |
Accruing loans 31-59 days past due | 40 | 0 |
Accruing loans 60-89 days past due | 191 | 0 |
Accruing loans Greater than 90 days past due | 0 | 0 |
Total past due | 231 | 0 |
Non-accrual loans | 112 | 92 |
Total loans | $3,196 | $3,227 |
Credit_Quality_Assessment_Deta3
Credit Quality Assessment (Details 3) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
Legacy Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded investment | $6,201 | $6,225 |
With an allowance recorded | 976 | 1,024 |
With no related allowance recorded | 5,225 | 5,201 |
Related allowance | 543 | 543 |
Unpaid principal | 6,255 | 6,279 |
Average balance of impaired loans | 6,788 | 6,708 |
Interest income recognized | 58 | 388 |
Acquired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded investment | 919 | 965 |
With an allowance recorded | 111 | 112 |
With no related allowance recorded | 808 | 853 |
Related allowance | 85 | 85 |
Unpaid principal | 1,986 | 2,330 |
Average balance of impaired loans | 2,032 | 2,419 |
Interest income recognized | 1 | 0 |
Construction and Land [Member] | Legacy Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded investment | 1,144 | 1,144 |
With an allowance recorded | 334 | 334 |
With no related allowance recorded | 810 | 810 |
Related allowance | 60 | 60 |
Unpaid principal | 1,144 | 1,144 |
Average balance of impaired loans | 1,144 | 1,108 |
Interest income recognized | 0 | 37 |
Construction and Land [Member] | Acquired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded investment | 0 | 0 |
With an allowance recorded | 0 | 0 |
With no related allowance recorded | 0 | 0 |
Related allowance | 0 | 0 |
Unpaid principal | 0 | 0 |
Average balance of impaired loans | 0 | 0 |
Interest income recognized | 0 | 0 |
Residential - First Lien [Member] | Legacy Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded investment | 301 | 308 |
With an allowance recorded | 0 | 0 |
With no related allowance recorded | 301 | 308 |
Related allowance | 0 | 0 |
Unpaid principal | 301 | 308 |
Average balance of impaired loans | 326 | 329 |
Interest income recognized | 6 | 18 |
Residential - First Lien [Member] | Acquired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded investment | 344 | 411 |
With an allowance recorded | 0 | 0 |
With no related allowance recorded | 344 | 411 |
Related allowance | 0 | 0 |
Unpaid principal | 419 | 565 |
Average balance of impaired loans | 422 | 568 |
Interest income recognized | 0 | 0 |
Residential Junior Lien [Member] | Legacy Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded investment | 0 | 0 |
With an allowance recorded | 0 | 0 |
With no related allowance recorded | 0 | 0 |
Related allowance | 0 | 0 |
Unpaid principal | 0 | 0 |
Average balance of impaired loans | 0 | 0 |
Interest income recognized | 0 | 0 |
Residential Junior Lien [Member] | Acquired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded investment | 59 | 57 |
With an allowance recorded | 59 | 57 |
With no related allowance recorded | 0 | 0 |
Related allowance | 30 | 30 |
Unpaid principal | 83 | 83 |
Average balance of impaired loans | 83 | 83 |
Interest income recognized | 0 | 0 |
Commercial Owner Occupied [Member] | Legacy Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded investment | 0 | 0 |
With an allowance recorded | 0 | 0 |
With no related allowance recorded | 0 | 0 |
Related allowance | 0 | 0 |
Unpaid principal | 0 | 0 |
Average balance of impaired loans | 0 | 0 |
Interest income recognized | 0 | 0 |
Commercial Owner Occupied [Member] | Acquired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded investment | 0 | 0 |
With an allowance recorded | 0 | 0 |
With no related allowance recorded | 0 | 0 |
Related allowance | 0 | 0 |
Unpaid principal | 0 | 0 |
Average balance of impaired loans | 0 | 0 |
Interest income recognized | 0 | 0 |
Commercial Non Owner Occupied [Member] | Legacy Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded investment | 2,694 | 2,700 |
With an allowance recorded | 0 | 0 |
With no related allowance recorded | 2,694 | 2,700 |
Related allowance | 0 | 0 |
Unpaid principal | 2,694 | 2,700 |
Average balance of impaired loans | 2,694 | 2,713 |
Interest income recognized | 33 | 166 |
Commercial Non Owner Occupied [Member] | Acquired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded investment | 0 | 0 |
With an allowance recorded | 0 | 0 |
With no related allowance recorded | 0 | 0 |
Related allowance | 0 | 0 |
Unpaid principal | 530 | 530 |
Average balance of impaired loans | 530 | 560 |
Interest income recognized | 0 | 0 |
Commercial Loan and Leases [Member] | Legacy Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded investment | 2,062 | 2,073 |
With an allowance recorded | 642 | 690 |
With no related allowance recorded | 1,420 | 1,383 |
Related allowance | 483 | 483 |
Unpaid principal | 2,116 | 2,127 |
Average balance of impaired loans | 2,624 | 2,558 |
Interest income recognized | 19 | 167 |
Commercial Loan and Leases [Member] | Acquired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded investment | 404 | 405 |
With an allowance recorded | 52 | 55 |
With no related allowance recorded | 352 | 350 |
Related allowance | 55 | 55 |
Unpaid principal | 679 | 825 |
Average balance of impaired loans | 722 | 829 |
Interest income recognized | 1 | 0 |
Consumer Loan [Member] | Legacy Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded investment | 0 | 0 |
With an allowance recorded | 0 | 0 |
With no related allowance recorded | 0 | 0 |
Related allowance | 0 | 0 |
Unpaid principal | 0 | 0 |
Average balance of impaired loans | 0 | 0 |
Interest income recognized | 0 | 0 |
Consumer Loan [Member] | Acquired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded investment | 112 | 92 |
With an allowance recorded | 0 | 0 |
With no related allowance recorded | 112 | 92 |
Related allowance | 0 | 0 |
Unpaid principal | 275 | 327 |
Average balance of impaired loans | 275 | 379 |
Interest income recognized | $0 | $0 |
Credit_Quality_Assessment_Deta4
Credit Quality Assessment (Details 4) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
Number | Number | |
Trouble Debt Restructured Loans [Line Items] | ||
Number of Loans | 1 | 7 |
Non-Accrual Status | $594 | $1,031 |
Number of Loans | 3 | 1 |
Accrual Status | 2,625 | 226 |
Total TDR's | 3,219 | 1,257 |
Residential Real Estate First Lien [Member] | ||
Trouble Debt Restructured Loans [Line Items] | ||
Number of Loans | 0 | 1 |
Non-Accrual Status | 0 | 308 |
Number of Loans | 1 | 0 |
Accrual Status | 301 | 0 |
Total TDR's | 301 | 308 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Trouble Debt Restructured Loans [Line Items] | ||
Number of Loans | 1 | |
Non-Accrual Status | 594 | |
Number of Loans | 1 | |
Accrual Status | 2,100 | |
Total TDR's | 2,694 | |
Commercial Loan [Member] | ||
Trouble Debt Restructured Loans [Line Items] | ||
Number of Loans | 0 | 6 |
Non-Accrual Status | 0 | 723 |
Number of Loans | 1 | 1 |
Accrual Status | 224 | 226 |
Total TDR's | $224 | $949 |
Credit_Quality_Assessment_Deta5
Credit Quality Assessment (Details 5) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Modifications [Line Items] | ||
Troubled Debt Restructuring Modifications | $3,219 | $1,257 |
Commercial Loans and Forbearance [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Troubled Debt Restructuring Modifications | 723 | |
Commercial Loans and Extension Or Other Modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Troubled Debt Restructuring Modifications | 224 | 226 |
Commercial - non-owner occupied Rate modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Troubled Debt Restructuring Modifications | 2,100 | |
Commercial loans Rate modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Troubled Debt Restructuring Modifications | 594 | |
Residential Real Estate First Lien and Forbearance [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Troubled Debt Restructuring Modifications | 301 | 308 |
Nonperforming Financing Receivable [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Troubled Debt Restructuring Modifications | 594 | 1,031 |
Nonperforming Financing Receivable [Member] | Commercial Loans and Forbearance [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Troubled Debt Restructuring Modifications | 723 | |
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 - non-owner occupied Rate modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Troubled Debt Restructuring Modifications | ||
Nonperforming Financing Receivable [Member] | Commercial loans Rate modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Troubled Debt Restructuring Modifications | 594 | |
Nonperforming Financing Receivable [Member] | Residential Real Estate First Lien and Forbearance [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Troubled Debt Restructuring Modifications | 0 | 308 |
Performing Financing Receivable [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Troubled Debt Restructuring Modifications | 2,625 | 226 |
Performing Financing Receivable [Member] | Commercial Loans and Forbearance [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Troubled Debt Restructuring Modifications | 0 | |
Performing Financing Receivable [Member] | Commercial Loans and Extension Or Other Modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Troubled Debt Restructuring Modifications | 224 | 226 |
Performing Financing Receivable [Member] | Commercial - non-owner occupied Rate modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Troubled Debt Restructuring Modifications | 2,100 | |
Performing Financing Receivable [Member] | Commercial loans Rate modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Troubled Debt Restructuring Modifications | 0 | |
Performing Financing Receivable [Member] | Residential Real Estate First Lien and Forbearance [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Troubled Debt Restructuring Modifications | $301 | $0 |
Credit_Quality_Assessment_Deta6
Credit Quality Assessment (Details Textual) (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Dec. 31, 2014 | |
Credit Quality Indicator [Line Items] | ||
Delinquent Loans, Outstanding Nonaccrual Status | $4,600,000 | $5,200,000 |
Non-Accrual Delinquent Loans Outstanding, Percentage | 0.80% | 0.94% |
Financing Receivable, Recorded Investment, Nonaccrual Status | 3,700,000 | 4,000,000 |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 20,000 | |
Loans Restructuring During the Period | 2,700,000 | |
Loan In The Process Of Foreclosure | $158,000 |
Intangibles_Details
Intangibles (Details) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
Finite-Lived Intangible Assets [Line Items] | ||
Net Carrying Amount | $1,308 | $1,391 |
Core Deposits [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 1,566 | 1,566 |
Accumulated Amortization | 258 | 175 |
Net Carrying Amount | $1,308 | $1,391 |
Weighted Average Remaining Life (in years) | 8 years 4 months 2 days | 8 years 7 months 2 days |
Intangibles_Details_1
Intangibles (Details 1) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ||
2015 | $230 | |
2016 | 241 | |
2017 | 187 | |
2018 | 149 | |
2019 | 122 | |
Thereafter | 379 | |
Total amortizing intangible assets | $1,308 | $1,391 |
Intangibles_Details_Textual
Intangibles (Details Textual) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2014 |
Havre de Grace branch acquisition [Member] | |
Acquired Finite-Lived Intangible Assets [Line Items] | |
Finite-lived Intangible Assets Acquired | $513 |
NBRS Acqusition [Member] | |
Acquired Finite-Lived Intangible Assets [Line Items] | |
Finite-lived Intangible Assets Acquired | $677 |
Deposits_Details
Deposits (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Deposits [Line Items] | ||
Noninterest-bearing demand | $137,287 | $142,727 |
Interest-bearing checking | 46,449 | 49,988 |
Money market accounts | 142,066 | 140,426 |
Savings | 34,312 | 31,354 |
Certificates of deposit $100,000 and over | 148,718 | 108,904 |
Certificates of deposit under $100,000 | 71,823 | 80,640 |
Total deposits | $580,655 | $554,039 |
Percentage of Noninterest-bearing demand | 24.00% | 26.00% |
Percentage of Interest-bearing checking | 8.00% | 9.00% |
Percentage of Money market accounts | 24.00% | 25.00% |
Percentage of Savings | 6.00% | 6.00% |
Percentage of Certificates of deposit $100,000 and over | 26.00% | 19.00% |
Percentage of Certificates of deposit under $100,000 | 12.00% | 15.00% |
Percentage of Total deposits | 100.00% | 100.00% |
Stock_Options_and_Stock_Awards2
Stock Options and Stock Awards (Details) (Employee Stock Option [Member], USD $) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2015 | Dec. 31, 2014 | |
Employee Stock Option [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Shares, Beginning Balance | 264,652 | 387,101 |
Shares, Granted | 0 | 0 |
Shares, Exercised | 0 | -4,139 |
Shares, Forfeited | -16,861 | -118,310 |
Shares, Ending Balance | 247,791 | 264,652 |
Shares, Exercisable | 247,791 | 264,652 |
Weighted Average Exercise Price, Beginning Balance | $11.75 | $11.19 |
Weighted Average Exercise Price, Granted | $0 | $0 |
Weighted Average Exercise Price, Exercised | $0 | $8.79 |
Weighted Average Exercise Price, Forfeited | $10.41 | $10.02 |
Weighted Average Exercise Price, Ending Balance | $11.85 | $11.75 |
Weighted Average Exercise Price, Exercisable | $11.85 | $11.75 |
Weighted average fair value of options granted during the year | $0 | $0 |
Stock_Options_and_Stock_Awards3
Stock Options and Stock Awards (Details 1) (Restricted Stock [Member], USD $) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2015 | Dec. 31, 2014 | |
Restricted Stock [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Shares, Beginning Balance | 33,330 | 50,000 |
Shares, Granted | 0 | 0 |
Shares, Vested | 0 | -10,002 |
Shares, Forfeited | 0 | -6,668 |
Shares, Ending Balance | 33,330 | 33,330 |
Weighted Average Grant Date Fair Value, Beginning Balance | $6.89 | $6.89 |
Weighted Average Grant Date Fair Value, Granted | $0 | $0 |
Weighted Average Grant Date Fair Value, Vested | $0 | $6.91 |
Weighted Average Grant Date Fair Value, Forfeited | $0 | $6.85 |
Weighted Average Grant Date Fair Value, Ending Balance | $6.89 | $6.89 |
Stock_Options_and_Stock_Awards4
Stock Options and Stock Awards (Details 2) (Restricted Stock Units (RSUs) [Member], USD $) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2015 | Dec. 31, 2014 | |
Restricted Stock Units (RSUs) [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Shares, Beginning Balance | 44,500 | 0 |
Shares, Granted | 0 | 44,500 |
Shares, Vested | 0 | 0 |
Shares, Forfeited | 0 | 0 |
Shares, Ending Balance | 44,500 | 44,500 |
Weighted Average Grant Date Fair Value, Beginning Balance | $11.21 | $0 |
Weighted Average Grant Date Fair Value, Granted | $0 | $11.21 |
Weighted Average Grant Date Fair Value, Vested | $0 | $0 |
Weighted Average Grant Date Fair Value, Forfeited | $0 | $0 |
Weighted Average Grant Date Fair Value, Ending Balance | $11.21 | $11.21 |
Stock_Options_and_Stock_Awards5
Stock Options and Stock Awards (Details Textual) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2015 | Jun. 30, 2013 | Dec. 31, 2014 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable Fair Market Value | $14 | 11.4 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding | $533 | 175 | |
Share-based Goods and Nonemployee Services Transaction, Shares Approved for Issuance | 2,086 | ||
Restricted Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | 50,000 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | 115 | ||
Restricted Stock Units (RSUs) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross | 44,500 | ||
Allocated Share-based Compensation Expense | 70 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | 334 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights | 19,500 of the units subject to a three year vesting schedule with one-third of the units vesting each year on the grant date anniversary. The remaining 25,000 awarded units also are subject to a three year vesting schedule, however, they only vest if certain annual performance measures are satisfactorily achieved. | ||
Vest on grant date anniversary [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | 30,000 | ||
vest if performance achieved [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | 20,000 | ||
Director [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Allocated Share-based Compensation Expense | $24 |
Benefit_Plan_Details_Textual
Benefit Plan (Details Textual) (USD $) | 3 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 |
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Contribution Plan, Maximum Annual Contribution Per Employee, Percent | 15.00% | ||
Defined Contribution Plan, Maximum Annual Contribution Per Employee, Amount | $126 | $47 | |
Supplemental Executive Retirement Plan [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Benefit Description | Ms. Scully will receive $100,000 each year for 15 years after attainment of the Normal Retirement Age | ||
Defined Benefit Plan, Contributions by Employer | $23 | ||
Maximum [Member] | |||
Defined Benefit Plan Disclosure [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, 2015 | Mar. 31, 2014 |
Earnings Per Share Basic And Diluted [Line Items] | ||
Net income | $649 | $266 |
Preferred stock dividends | -31 | -31 |
Net income available to common shareholders (numerator) | $618 | $235 |
BASIC | ||
Basic average common shares outstanding (denominator) | 4,112,379 | 4,090,844 |
Basic income per common share (in dollars per share) | $0.15 | $0.06 |
DILUTED | ||
Average common shares outstanding | 4,112,379 | 4,090,844 |
Dilutive effect of common stock equivalents | 116,014 | 42,274 |
Diluted average common shares outstanding (denominator) | 4,228,393 | 4,133,118 |
Diluted income per common share (in dollars per share) | $0.15 | $0.06 |
Common stock equivalents outstanding that are anti-dilutive and thus excluded from calculation of diluted number of shares presented above | 110,463 | 111,458 |
RiskBased_Capital_Details
Risk-Based Capital (Details) (USD $) | Jan. 31, 2015 | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Total capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions ratio | 5.00% | ||
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes ratio | 4.50% | ||
Tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions ratio | 10.00% | ||
Tier 1 capital (to average assets) To be well capitalized under the FDICIA prompt corrective action provisions ratio | 8.00% | ||
Howard Bank [Member] | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Total capital (to risk-weighted assets) Actual amount | $63,235 | $61,393 | |
Total capital (to risk-weighted assets) Actual ratio | 10.42% | 10.69% | |
Total capital (to risk-weighted assets) For capital adequacy purposes amount | 48,529 | 45,932 | |
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 | 60,661 | 57,415 | |
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 | 59,396 | 57,791 | |
Tier 1 capital (to risk-weighted assets) Actual ratio | 9.79% | 10.07% | |
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes amount | 36,397 | 22,966 | |
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes ratio | 6.00% | 4.00% | |
Tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions amount | 48,529 | 34,449 | |
Tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions ratio | 8.00% | 6.00% | |
Tier 1 capital (to average assets) Actual amount | 59,396 | 57,791 | |
Tier 1 capital (to average assets) Actual ratio | 8.61% | 8.54% | |
Tier 1 capital (to average assets) For capital adequacy purposes amount | 27,609 | 27,073 | |
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 | 34,511 | 33,842 | |
Tier 1 capital (to average assets) To be well capitalized under the FDICIA prompt corrective action provisions ratio | 5.00% | 5.00% | |
Howard Bank [Member] | Equity [Member] | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Tier 1 capital (to risk-weighted assets) Actual amount | 59,396 | ||
Tier 1 capital (to risk-weighted assets) Actual ratio | 9.79% | ||
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes amount | 27,298 | ||
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes ratio | 4.50% | ||
Tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions amount | 39,430 | ||
Tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions ratio | 6.50% | ||
Howard Bancorp [Member] | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Total capital (to risk-weighted assets) Actual amount | 63,629 | 61,811 | |
Total capital (to risk-weighted assets) Actual ratio | 10.49% | 10.73% | |
Total capital (to risk-weighted assets) For capital adequacy purposes amount | 48,508 | 46,067 | |
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 | 59,790 | 58,208 | |
Tier 1 capital (to risk-weighted assets) Actual ratio | 9.86% | 10.11% | |
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes amount | 36,381 | 23,033 | |
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes ratio | 6.00% | 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 | 59,790 | 58,208 | |
Tier 1 capital (to average assets) Actual ratio | 8.66% | 8.60% | |
Tier 1 capital (to average assets) For capital adequacy purposes amount | 27,610 | 27,072 | |
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 | |
Howard Bancorp [Member] | Equity [Member] | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Tier 1 capital (to risk-weighted assets) Actual amount | 59,790 | ||
Tier 1 capital (to risk-weighted assets) Actual ratio | 9.86% | ||
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes amount | 27,286 | ||
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes ratio | 4.50% | ||
Tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions amount | $0 |
RiskBased_Capital_Details_Text
Risk-Based Capital (Details Textual) | 1 Months Ended |
Jan. 31, 2015 | |
Schedule of regulatory matters [Line Items] | |
Ratio Of Common Equity Tier 1 Capital To Risk Weighted Assets | 2.50% |
Well Capitalized Cet 1 Ratio | 6.50% |
Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets | 4.50% |
Tier One Leverage Capital Required To Be Well Capitalized To Average Assets | 8.00% |
Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets | 10.00% |
Capital Required To Be Well Capitalized To Risk Weighted Assets | 5.00% |
Description of Regulatory Requirements, Capital Adequacy Purposes | increases the minimum Tier 1 capital ratio (from 4% to 6% of risk-weighted assets), imposes a minimum leverage ratio of 4.0%, and changes the risk-weight of certain assets to better reflect credit risk and other risk exposures. These include, among other things, a 150% risk weight for certain high volatility commercial real estate acquisition, development and construction loans and for non-residential mortgage loans that are 90 days past due or otherwise in non-accrual status, and a 20% credit conversion factor for the unused portion of a commitment with an original maturity of one year or less that is not unconditionally cancellable. |
Preferred_Stock_Details_Textua
Preferred Stock (Details Textual) (USD $) | 3 Months Ended | 1 Months Ended | |
Mar. 31, 2015 | Sep. 22, 2011 | Dec. 31, 2014 | |
Preferred Stock [Line Items] | |||
Preferred Stock, Shares Issued | 12,562 | 12,562 | |
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | 1,000 | $1,000 | |
Preferred Stock, Value, Issued | 12,562,000 | $12,562,000 | |
Assets | 710,480,000 | 691,416,000 | |
Second Through Tenth Dividend Periods [Member] | Maximum [Member] | |||
Preferred Stock [Line Items] | |||
Preferred Stock, Dividend Rate, Percentage | 5.00% | ||
Second Through Tenth Dividend Periods [Member] | Minimum [Member] | |||
Preferred Stock [Line Items] | |||
Preferred Stock, Dividend Rate, Percentage | 1.00% | ||
Eleventh through Nineteenth Dividend Periods [Member] | Maximum [Member] | |||
Preferred Stock [Line Items] | |||
Preferred Stock, Dividend Rate, Percentage | 7.00% | ||
Eleventh through Nineteenth Dividend Periods [Member] | Minimum [Member] | |||
Preferred Stock [Line Items] | |||
Preferred Stock, Dividend Rate, Percentage | 1.00% | ||
Series AA Preferred Stock Remains Outstanding for More than Four and One Half Years [Member] | |||
Preferred Stock [Line Items] | |||
Preferred Stock, Dividend Rate, Percentage | 9.00% | ||
Small Business Lending Fund Program [Member] | |||
Preferred Stock [Line Items] | |||
Funds Raised from Small Business Act | 30,000,000,000 | ||
Assets | 10,000,000,000 | ||
Qualified Small Business Lending [Member] | |||
Preferred Stock [Line Items] | |||
Preferred Stock, Aggregate Liquidation Amount, Dividend Rate, Percentage | 1.00% | 5.00% | |
Senior Non Cumulative Perpetual Preferred Stock Series AA [Member] | |||
Preferred Stock [Line Items] | |||
Preferred Stock, Shares Issued | 12,562 | ||
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $1,000 | ||
Preferred Stock, Value, Issued | $12,562,000 |
Fair_Value_Details
Fair Value (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | $30,611 | $41,079 |
Loans held for sale | 49,159 | 42,881 |
US Federal Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 26,026 | 36,981 |
Collateralized Mortgage Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 85 | 101 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 49,159 | 42,881 |
Rate lock commitments | 145 | 342 |
Fair Value, Measurements, Recurring [Member] | Mutual funds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 500 | |
Fair Value, Measurements, Recurring [Member] | US Federal Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 26,026 | 36,981 |
Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 4,000 | 3,997 |
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 85 | 101 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Rate lock commitments | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Mutual funds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 0 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | US Federal Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring 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 and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 49,159 | 42,881 |
Rate lock commitments | 145 | 342 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Mutual funds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 500 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | US Federal Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 26,026 | 36,981 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 4,000 | 3,997 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 85 | 101 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Rate lock commitments | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Mutual funds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 0 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | US Federal Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring 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 and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | $0 | $0 |
Fair_Value_Details_1
Fair Value (Details 1) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Carrying Fair Value Amount, Loans held for sale | $49,159 | $42,881 |
Aggregate Unpaid Principle, Loans held for sale | 47,863 | 41,668 |
Difference,Loans held for sale | $1,296 | $1,213 |
Fair_Value_Details_2
Fair Value (Details 2) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | $2,472 | $2,472 |
Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 4,600 | |
Impaired loans, Recorded Investment | 7,100 | 7,200 |
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 2,472 | 2,472 |
Fair Value, Measurements, Nonrecurring [Member] | Construction and Land [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans, Recorded Investment | 1,084 | 1,084 |
Fair Value, Measurements, Nonrecurring [Member] | Residential - First Lien [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans, Recorded Investment | 645 | 719 |
Fair Value, Measurements, Nonrecurring [Member] | Residential Junior Lien [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans, Recorded Investment | 29 | 27 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Non Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans, Recorded Investment | 2,694 | 2,700 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Loan and Leases [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans, Recorded Investment | 1,928 | 1,940 |
Fair Value, Measurements, Nonrecurring [Member] | Consumer Loan [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans, Recorded Investment | 112 | 92 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction and Land [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and 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 and Liabilities Measured on Recurring and 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 and Liabilities Measured on Recurring and 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 and Liabilities Measured on Recurring and 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 and Liabilities Measured on Recurring and 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 and Liabilities Measured on Recurring and 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 and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction and Land [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and 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 and Liabilities Measured on Recurring and 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 and Liabilities Measured on Recurring and 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 and Liabilities Measured on Recurring and 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 and Liabilities Measured on Recurring and 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 and Liabilities Measured on Recurring and 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 and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans, Recorded Investment | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 2,472 | 2,472 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction and Land [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans, Recorded Investment | 1,084 | 1,084 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential - First Lien [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans, Recorded Investment | 645 | 719 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Junior Lien [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans, Recorded Investment | 29 | 27 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and 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 and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans, Recorded Investment | 2,694 | 2,700 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Loan and Leases [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans, Recorded Investment | 1,928 | 1,940 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Consumer Loan [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans, Recorded Investment | $112 | $92 |
Fair_Value_Details_3
Fair Value (Details 3) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Financial Assets | ||
Investment securities, Carrying Value | $30,611 | $41,079 |
Nonmarketable equity securities, Carrying Value | 2,535 | 2,571 |
Loans held for sale, Carrying Value | 49,159 | 42,881 |
Rate lock commitments, Carrying Value | 145 | 342 |
Loans and leases, Carrying Value | 570,437 | 549,315 |
Investment securities, Fair value | 30,611 | 41,079 |
Nonmarketable equity securities, Fair value | 2,535 | 2,571 |
Loans held for sale, Fair value | 49,159 | 42,881 |
Rate lock commitments, Fair Value | 145 | 342 |
Loans and leases, Fair value | 571,351 | 547,825 |
Financial Liabilities | ||
Deposits, Carrying Value | 580,655 | 554,039 |
Short-term borrowings, Carrying Value | 41,032 | 48,628 |
Long-term borrowings, Carrying Value | 19,500 | 19,000 |
Deposits, Fair value | 581,185 | 554,660 |
Short-term borrowings, Fair value | 41,032 | 48,628 |
Long-term borrowings, Fair value | 19,555 | 19,055 |
Fair Value, Inputs, Level 1 [Member] | ||
Financial Assets | ||
Investment securities, Fair value | 0 | 0 |
Nonmarketable equity securities, Fair value | 0 | 0 |
Loans held for sale, Fair value | 0 | 0 |
Rate lock commitments, 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 | ||
Investment securities, Fair value | 30,611 | 41,079 |
Nonmarketable equity securities, Fair value | 2,535 | 2,571 |
Loans held for sale, Fair value | 49,159 | 42,881 |
Rate lock commitments, Fair Value | 145 | 342 |
Loans and leases, Fair value | 0 | 0 |
Financial Liabilities | ||
Deposits, Fair value | 0 | 0 |
Short-term borrowings, Fair value | 41,032 | 48,628 |
Long-term borrowings, Fair value | 19,555 | 19,055 |
Fair Value, Inputs, Level 3 [Member] | ||
Financial Assets | ||
Investment securities, Fair value | 0 | 0 |
Nonmarketable equity securities, Fair value | 0 | 0 |
Loans held for sale, Fair value | 0 | 0 |
Rate lock commitments, Fair Value | 0 | 0 |
Loans and leases, Fair value | 571,351 | 547,825 |
Financial Liabilities | ||
Deposits, Fair value | 581,185 | 554,660 |
Short-term borrowings, Fair value | 0 | 0 |
Long-term borrowings, Fair value | $0 | $0 |
Fair_Value_Details_Textual
Fair Value (Details Textual) (USD $) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2015 | Dec. 31, 2014 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other Real Estate, Total | $2,472,000 | $2,472,000 |
Fair Value, Option, Changes in Fair Value, Gain (Loss) | 83,000 | 1,200,000 |
Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other Real Estate, Total | 4,600,000 | |
Other Real Estate, Valuation Adjustments | 2,100,000 | |
Impaired Financing Receivable, Recorded Investment, Total | 7,100,000 | 7,200,000 |
Impaired Financing Receivable, Related Allowance | $600,000 | $600,000 |
Impairment Calculation Method, Description | Various techniques are used to valuate OREO and impaired loans. All loans for which the underlying collateral is real estate, either construction, land, commercial, or residential, an independent appraisal is used to identify the value of the collateral. The approaches within the appraisal report include sales comparison, income, and replacement cost analysis. The resulting value will be adjusted by a selling cost of 9.5% and the residual value will be used to determine if there is an impairment. Commercial loans and leases and consumer utilize a liquidation approach to the impairment analysis |