Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2016 | Jul. 31, 2016 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q2 | |
Entity Registrant Name | Howard Bancorp Inc | |
Entity Central Index Key | 1,390,162 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Trading Symbol | HBMD | |
Entity Common Stock, Shares Outstanding | 6,988,180 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
ASSETS | ||
Cash and due from banks | $ 24,618 | $ 31,818 |
Federal funds sold | 8,190 | 6,522 |
Total cash and cash equivalents | 32,808 | 38,340 |
Securities available-for-sale, at fair value | 57,693 | 49,573 |
Nonmarketable equity securities | 3,934 | 4,163 |
Loans held for sale, at fair value | 51,010 | 49,677 |
Loans and leases, net of unearned income | 797,146 | 760,002 |
Allowance for credit losses | (5,744) | (4,869) |
Net loans and leases | 791,402 | 755,133 |
Bank premises and equipment, net | 20,481 | 20,765 |
Goodwill | 603 | 603 |
Core deposit intangible | 2,550 | 2,903 |
Bank owned life insurance | 21,053 | 18,548 |
Other real estate owned | 2,286 | 2,369 |
Interest receivable and other assets | 4,998 | 4,685 |
Total assets | 988,818 | 946,759 |
LIABILITIES | ||
Noninterest-bearing deposits | 179,699 | 173,689 |
Interest-bearing deposits | 618,419 | 573,719 |
Total deposits | 798,118 | 747,408 |
Short-term borrowings | 62,147 | 69,121 |
Long-term borrowings | 39,226 | 29,707 |
Deferred tax liability | 1,443 | 1,667 |
Accrued expenses and other liabilities | 4,816 | 5,957 |
Total liabilities | 905,750 | 853,860 |
COMMITMENTS AND CONTINGENCIES | ||
SHAREHOLDERS' EQUITY | ||
Preferred stockpar value $0.01 (liquidation preference of $1,000 per share) authorized 5,000,000; shares issued and outstanding 12,562 series AA at December 31, 2015 | 0 | 12,562 |
Common stock - par value of $0.01 authorized 10,000,000 shares; issued and outstanding 6,978,217 shares at June 30, 2016 and 6,962,139 at December 31, 2015 | 70 | 70 |
Capital surplus | 70,824 | 70,587 |
Retained earnings | 12,147 | 9,712 |
Accumulated other comprehensive income (loss) | 27 | (32) |
Total shareholders’ equity | 83,068 | 92,899 |
Total liabilities and shareholders’ equity | $ 988,818 | $ 946,759 |
Consolidated Balance Sheets _Pa
Consolidated Balance Sheets [Parenthetical] - $ / shares | Jun. 30, 2016 | Dec. 31, 2015 |
Preferred stock, par value (in dollars per share) | $ 0 | $ 0.01 |
Preferred stock, liquidation preference (in dollars per share) | $ 0 | $ 1,000 |
Preferred stock, shares authorized | 0 | 5,000,000 |
Preferred stock, shares issued | 0 | 12,562 |
Preferred stock, shares outstanding | 0 | 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 | 6,978,217 | 6,962,139 |
Common stock, shares outstanding | 6,978,217 | 6,962,139 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
INTEREST INCOME | ||||
Interest and fees on loans and leases | $ 9,401 | $ 7,414 | $ 18,908 | $ 14,772 |
Interest and dividends on securities | 121 | 56 | 193 | 111 |
Other interest income | 31 | 14 | 64 | 27 |
Total interest income | 9,553 | 7,484 | 19,165 | 14,910 |
INTEREST EXPENSE | ||||
Deposits | 892 | 596 | 1,667 | 1,173 |
Short-term borrowings | 78 | 26 | 143 | 55 |
Long-term borrowings | 208 | 63 | 337 | 116 |
Total interest expense | 1,178 | 685 | 2,147 | 1,344 |
NET INTEREST INCOME | 8,375 | 6,799 | 17,018 | 13,566 |
Provision for credit losses | 515 | 535 | 900 | 785 |
Net interest income after provision for credit losses | 7,860 | 6,264 | 16,118 | 12,781 |
NONINTEREST INCOME | ||||
Service charges on deposit accounts | 163 | 187 | 323 | 403 |
Realized and unrealized gains on mortgage banking activity | 2,587 | 2,133 | 4,137 | 3,505 |
Gain on the sale of loans | 652 | 0 | 652 | 0 |
Loss on the disposal of furniture, fixtures & equipment | (69) | 0 | (69) | 0 |
Income from bank owned life insurance | 154 | 89 | 305 | 175 |
Loan fee income | 858 | 824 | 1,634 | 1,292 |
Other operating income | 225 | 205 | 440 | 412 |
Total noninterest income | 4,570 | 3,438 | 7,422 | 5,787 |
NONINTEREST EXPENSE | ||||
Compensation and benefits | 4,870 | 3,939 | 9,454 | 7,789 |
Occupancy and equipment | 949 | 904 | 2,563 | 1,879 |
Amortization of core deposit intangible | 176 | 84 | 353 | 167 |
Marketing and business development | 888 | 679 | 1,611 | 1,307 |
Professional fees | 665 | 363 | 1,023 | 708 |
Data processing fees | 381 | 164 | 749 | 554 |
Merger and restructuring | 0 | 731 | 0 | 1,137 |
FDIC Assessment | 198 | 119 | 405 | 209 |
Provision for other real estate owned | 83 | 0 | 83 | 0 |
Loan production expense | 755 | 590 | 1,578 | 935 |
Other operating expense | 896 | 867 | 1,718 | 1,590 |
Total noninterest expense | 9,861 | 8,440 | 19,537 | 16,275 |
INCOME BEFORE INCOME TAXES | 2,569 | 1,262 | 4,003 | 2,293 |
Income tax expense | 928 | 471 | 1,402 | 853 |
NET INCOME | 1,641 | 791 | 2,601 | 1,440 |
Preferred stock dividends | 109 | 31 | 166 | 63 |
Net income available to common shareholders | $ 1,532 | $ 760 | $ 2,435 | $ 1,377 |
NET INCOME PER COMMON SHARE | ||||
Basic | $ 0.22 | $ 0.16 | $ 0.35 | $ 0.31 |
Diluted | $ 0.22 | $ 0.15 | $ 0.35 | $ 0.30 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Net Income | $ 1,641 | $ 791 | $ 2,601 | $ 1,440 |
Other comprehensive income Investments available-for-sale: | ||||
Net unrealized holding gains | 33 | (8) | 89 | 40 |
Related income tax expense | (7) | 4 | (30) | (15) |
Comprehensive income | $ 1,667 | $ 787 | $ 2,660 | $ 1,465 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands | Total | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings / (Accumulated deficit) [Member] | Accumulated Other Comprehensive income/loss [Member] |
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 | 1,440 | 0 | $ 0 | 0 | 1,440 | 0 |
Net unrealized gain on securities | 25 | 0 | 0 | 0 | 0 | 25 |
Dividends paid on preferred stock | (63) | 0 | 0 | 0 | (63) | 0 |
Issuance of common stock: | ||||||
Stock offering | 23,118 | 0 | $ 22 | 23,096 | 0 | 0 |
Stock offering (in shares) | 2,173,913 | |||||
Director stock awards | 49 | 0 | $ 0 | 49 | 0 | 0 |
Director stock awards (in shares) | 3,861 | |||||
Exercise of options | 217 | 0 | $ 0 | 217 | 0 | 0 |
Exercise of options (in shares) | 21,465 | |||||
Stock-based compensation | 198 | 0 | $ 1 | 197 | 0 | 0 |
Stock-based compensation (in shares) | 14,002 | |||||
Balance at Jun. 30, 2015 | 84,627 | 12,562 | $ 64 | 61,919 | 10,073 | 9 |
Balance (in shares) at Jun. 30, 2015 | 6,358,788 | |||||
Balance at Dec. 31, 2015 | 92,899 | 12,562 | $ 70 | 70,587 | 9,712 | (32) |
Balance (in shares) at Dec. 31, 2015 | 6,962,139 | |||||
Net income | 2,601 | 0 | $ 0 | 0 | 2,601 | 0 |
Net unrealized gain on securities | 59 | 0 | 0 | 0 | 0 | 59 |
Dividends paid on preferred stock | (166) | 0 | 0 | 0 | (166) | 0 |
Redemption of preferred stock | (12,562) | (12,562) | $ 0 | 0 | 0 | 0 |
Redemption of preferred stock (in shares) | 0 | |||||
Issuance of common stock: | ||||||
Director stock awards | 50 | 0 | $ 0 | 50 | 0 | 0 |
Director stock awards (in shares) | 4,004 | |||||
Exercise of options | 19 | 0 | $ 0 | 19 | 0 | 0 |
Exercise of options (in shares) | 1,740 | |||||
Stock-based compensation | 168 | 0 | $ 0 | 168 | 0 | 0 |
Stock-based compensation (in shares) | 10,334 | |||||
Balance at Jun. 30, 2016 | $ 83,068 | $ 0 | $ 70 | $ 70,824 | $ 12,147 | $ 27 |
Balance (in shares) at Jun. 30, 2016 | 6,978,217 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income | $ 2,601 | $ 1,440 |
Adjustments to reconcile net income to net cash from operating activities: | ||
Provision for credit losses | 900 | 785 |
Deferred income tax benefit | (219) | (490) |
Provision for other real estate owned | 83 | 0 |
Depreciation | 613 | 446 |
Stock-based compensation | 218 | 247 |
Net amortization of investment securities | (14) | (3) |
Loss on disposal of of furniture, fixtures & equipment | 69 | 0 |
Net amortization of intangible asset | 353 | 167 |
Loans originated for sale | (251,674) | (264,919) |
Proceeds from sale of loans originated for sale | 254,478 | 245,546 |
Realized and unrealized gains on mortgage banking activity | (4,137) | (3,505) |
Cash surrender value of BOLI | (305) | (175) |
(Decrease) increase in interest receivable | (340) | 153 |
Increase in interest payable | 21 | 16 |
Decrease (increase) in other assets | 221 | (1,599) |
Decrease in other liabilities | (1,161) | (2,603) |
Net cash provided by (used in) operating activities | 1,707 | (24,494) |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Purchases of investment securities available-for-sale | (54,036) | (23,490) |
Proceeds from maturities of investment securities available-for-sale | 46,018 | 30,031 |
Net increase in loans and leases outstanding | (37,168) | (29,973) |
Purchase of bank owned life insurance | (2,200) | 0 |
Purchase of premises and equipment | (399) | (4,432) |
Net cash used in investing activities | (47,785) | (27,864) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Net increase in noninterest-bearing deposits | 6,010 | 6,201 |
Net increase in interest-bearing deposits | 44,700 | 15,476 |
Net (decrease) increase in short-term borrowings | (6,974) | 3,398 |
Proceeds from issuance of long-term debt | 21,519 | 8,500 |
Repayment of long-term debt | (12,000) | 0 |
Net proceeds from issuance of common stock, net of cost | 19 | 23,335 |
Redemption of preferred stock | (12,562) | 0 |
Cash dividends on preferred stock | (166) | (63) |
Net cash provided by financing activities | 40,546 | 56,847 |
Net (decrease) increase in cash and cash equivalents | (5,532) | 4,489 |
Cash and cash equivalents at beginning of period | 38,340 | 24,517 |
Cash and cash equivalents at end of period | 32,808 | 29,006 |
SUPPLEMENTAL INFORMATION | ||
Cash payments for interest | 2,127 | 1,329 |
Cash payments for income taxes | $ 925 | $ 1,190 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | 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 August 28, 2015, Bancorp completed its acquisition of Patapsco Bancorp, Inc. (“Patapsco Bancorp”), the parent company of The Patapsco Bank (“Patapsco Bank”), through the merger of Patapsco Bancorp with and into Bancorp (the “Merger”). The Merger was consummated pursuant to the Agreement and Plan of Merger dated as of March 2, 2015, by and between Bancorp and Patapsco Bancorp, as amended (the “Merger Agreement”). As a result of the Merger, each share of common stock of Patapsco Bancorp was converted into the right to receive, at the holder’s election, $ 5.09 0.01 20 560,891 10.064 On May 6, 2016, the Company redeemed all of the 12,562 12.7 one interest only payments based upon 30 day LIBOR plus 300 basis points. 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. 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 with no impact on net income or stockholders equity as previously reported. 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, and the fair value of loans held for sale. The Company engages in sales of residential mortgage loans originated by the Bank. Loans held for sale are carried at fair value. Fair value is based on outstanding investor commitments or, in the absence of such commitments, or on current investor yield requirements based on third party models. Gains and losses on sales of these loans are recorded as a component of noninterest income in the Consolidated Statements of Operations. The Company’s current practice is to sell residential mortgage loans on a servicing released basis, and, therefore, it has no intangible asset recorded for the value of such servicing. Upon sale and delivery, loans are legally isolated from the Company and the Company has no ability to restrict or constrain the ability of third party investors to pledge or exchange the mortgage loans. The Company does not have the entitlement or ability to repurchase the mortgage loans or unilaterally cause third party investors to put the mortgage loans back to the Company. Unrealized and realized gains on loan sales are determined using the specific identification method and are recognized through mortgage banking activity in the Consolidated Statements of Operations. The Company enters into commitments to originate residential mortgage loans whereby the interest rate on the loan is determined prior to funding (i.e. rate lock commitment). Such rate lock commitments on mortgage loans to be sold in the secondary market are considered to be derivatives. The period of time between issuance of a loan commitment and closing and sale of the loan generally ranges from 15 to 60 days. The Company protects itself from changes in interest rates through the use of best efforts forward delivery commitments, whereby the Company commits to sell a loan at a premium at the time the borrower commits to an interest rate with the intent that the buyer has assumed interest rate risk on the loan. For purposes of calculating fair value of rate lock commitments, we estimate loan closing and investor delivery rate based on historical experience. The measurement of the estimated fair value of the rate lock commitments is presented as realized and unrealized gains from mortgage banking activities. The Financial Accounting Standards Board (the “FASB”) has issued ASU 2016-13, Financial InstrumentsCredit Losses (Topic 326). The FASB has issued ASU 2016-09, CompensationStock Compensation (Topic 718). The FASB has issued ASU 2016-02, Leases (Topic 842). The FASB has issued ASU No. 2016-01, Financial Instruments Recognition and Measurement of Financial Assets and Liabilities The FASB issued ASU No. 2014-09, Revenue from Contracts with Customers |
Business Combinations
Business Combinations | 6 Months Ended |
Jun. 30, 2016 | |
Business Combinations [Abstract] | |
Business Combination Disclosure [Text Block] | Note 2: Business Combinations Patapsco Bancorp Acquisition On August 28, 2015, Bancorp completed its acquisition of Patapsco Bancorp through the merger of Patapsco Bancorp, the parent company of The Patapsco Bank, with and into Bancorp pursuant to the Merger Agreement. As a result of the Merger, each share of common stock of Patapsco Bancorp was converted into the right to receive, at the holder’s election, $ 5.09 0.3547 20 560,891 10.064 The Company has accounted for the merger under the acquisition method of accounting in accordance with FASB ASC Topic 805, “Business Combinations,” whereby the acquired assets and assumed liabilities were recorded by Bancorp at their estimated fair values as of their acquisition date. Fair value estimates for loans and deposits were based on management’s acceptance of a fair market valuation analysis performed by an independent third party firm. The acquired assets and assumed liabilities of Patapsco Bancorp were measured at estimated fair value. Management made significant estimates and exercised significant judgment in accounting for the acquisition of Patapsco Bancorp. Management judgmentally assigned risk ratings to loans based on appraisals and estimated collateral values, expected cash flows, prepayment speeds and estimated loss factors to measure fair values for loans. Deposits and borrowings were valued based upon interest rates, original and remaining terms and maturities, as well as current rates for similar funds in the same markets. Premises and equipment was valued based on recent appraised values. Management used quoted or current market prices to determine the fair value of investment securities. 603 (in thousands) Purchase Price Consideration Cash consideration $ 2,015 Purchase price assigned to shares exchanged for stock 8,049 Total purchase price for Patapsco Bancorp acquisition $ 10,064 Assets acquired at fair value: Cash and cash equivalents $ 19,047 Investment securities available for sale 26,255 Loans 156,907 Accrued interest receivable 602 Other assets 9,090 Core deposit intangible 1,974 Total fair value of assets acquired $ 213,875 Liabilities assumed at fair value: Deposits 175,083 Borrowings 17,737 Accrued expenses and other liabilities 11,594 Total fair value of liabilities assumed $ 204,414 Net assets acquired at fair value: $ 9,461 Transaction consideration paid to Patapsco Bancorp 10,064 Amount of goodwill recorded from Patapsco Bancorp acquisition $ 603 A cquired loans (in thousands) Contractually Non-Accretable Cash Flows Accretable FMV Carrying Value Performing Loans Acquired $ 156,393 $ - $ 156,393 $ 866 $ 155,527 Impaired Loans Acquired 3,465 1,713 1,752 372 1,380 Total $ 159,858 $ 1,713 $ 158,145 $ 1,238 $ 156,907 At our acquisition of Patapsco Bancorp, we recorded all loans acquired at the estimated fair value on the purchase date with no carryover of the related allowance for loan losses. On the acquisition date, we segregated the loan portfolio into two loan pools, performing and non-performing loans to be retained in our portfolio. We had an independent third party determine the net discounted value of cash flows on approximately 1,000 156.4 866 We also individually evaluated 13 3.5 We established a credit risk related non-accretable difference of $ 1.7 372 |
Investment Securities
Investment Securities | 6 Months Ended |
Jun. 30, 2016 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Equity Method Investments Disclosure [Text Block] | Note 3: Investment Securities (in thousands) June 30, 2016 December 31, 2015 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 $ 54,502 $ 19 $ 4 $ 54,517 $ 48,467 $ - $ 45 $ 48,422 Treasuries 1,514 - - 1,514 - - - - Mortgage-backed 35 2 - 37 54 3 - 57 Other investments 1,600 25 - 1,625 1,100 - 6 1,094 $ 57,651 $ 46 $ 4 $ 57,693 $ 49,621 $ 3 $ 51 $ 49,573 June 30, 2016 (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 $ 17,990 $ 4 $ - $ - $ 17,990 $ 4 Treasuries 1,514 - - - 1,514 - Mortgage-backed - - - - - - Other investments - - - - - - $ 19,504 $ 4 $ - $ - $ 19,504 $ 4 4 1 December 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 $ 39,431 $ 45 $ - $ - $ 39,431 $ 45 Mortgage-backed - - - - - - Other investments 1,000 6 - - 1,000 6 $ 40,431 $ 51 $ - $ - $ 40,431 $ 51 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. (in thousands) June 30, 2016 December 31, 2015 Amortized Estimated Fair Amortized Estimated Fair Cost Value Cost Value Amounts maturing: One year or less $ 51,006 $ 51,012 $ 43,465 $ 43,425 After one through five years 5,009 5,019 5,002 4,997 After five through ten years 36 37 54 57 After ten years 1,600 1,625 1,100 1,094 $ 57,651 $ 57,693 $ 49,621 $ 49,573 There were no sales of investment securities during the six months ended June 30, 2016. At June 30, 2016 and December 31, 2015, $ 18.6 22.8 |
Loans and Leases
Loans and Leases | 6 Months Ended |
Jun. 30, 2016 | |
Receivables [Abstract] | |
Financing Receivables [Text Block] | Note 4: 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. June 30, 2016 December 31, 2015 (in thousands) Legacy Acquired Total Legacy Acquired Total Real estate Construction and land $ 68,022 $ 6,130 $ 74,152 $ 63,085 $ 6,300 $ 69,385 Residential - first lien 107,484 90,250 197,734 89,649 93,339 182,988 Residential - junior lien 20,350 11,476 31,826 15,098 12,379 27,477 Total residential real estate 127,834 101,726 229,560 104,747 105,718 210,465 Commercial - owner occupied 95,678 34,453 130,131 94,392 36,722 131,114 Commercial - non-owner occupied 140,158 56,882 197,040 122,304 59,057 181,361 Total commercial real estate 235,836 91,335 327,171 216,696 95,779 312,475 Total real estate loans 431,692 199,191 630,883 384,528 207,797 592,325 Commercial loans and leases 128,520 32,447 160,967 124,981 38,443 163,424 Consumer 3,014 2,282 5,296 1,302 2,951 4,253 Total loans $ 563,226 $ 233,920 $ 797,146 $ 510,811 $ 249,191 $ 760,002 There were $ 51.0 49.7 Acquired Impaired Loans (in thousands) June 30, 2016 June 30, 2015 Balance at beginning of period $ 335 $ 264 Accretion of fair value discounts (186) (102) Balance at end of period $ 150 $ 162 Contractually Required Payments (in thousands) Receivable Carrying Amount At June 30, 2016 $ 2,199 $ 1,294 At December 31, 2015 $ 3,105 $ 1,707 At June 30, 2015 $ 1,352 $ 751 At December 31, 2014 $ 2,466 $ 1,078 There was no allowance for credit losses required on acquired impaired loans for either June 30, 2016 or June 30, 2015. |
Credit Quality Assessment
Credit Quality Assessment | 6 Months Ended |
Jun. 30, 2016 | |
Receivables [Abstract] | |
Allowance for Credit Losses [Text Block] | Note 5: Credit Quality Assessment Allowance for Credit Losses June 30, 2016 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: Six months ended: Beginning balance $ 265 $ 300 $ 47 $ 309 $ 728 $ 3,094 $ 126 $ 4,869 Charge-offs - - - - - (66) (11) (77) Recoveries - - - - 3 26 23 52 Provision for credit losses 183 65 23 269 110 229 21 900 Ending balance $ 448 $ 365 $ 70 $ 578 $ 841 $ 3,283 $ 159 $ 5,744 Three months ended: Beginning balance $ 362 $ 349 $ 56 $ 543 $ 838 $ 3,043 $ 65 $ 5,256 Charge-offs - - - - - (59) - (59) Recoveries - - - - 1 17 14 32 Provision for credit losses 86 16 14 35 2 282 80 515 Ending balance $ 448 $ 365 $ 70 $ 578 $ 841 $ 3,283 $ 159 $ 5,744 June 30, 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: Six months ended: Beginning balance $ 174 $ 272 $ 55 $ 160 $ 562 $ 2,366 $ 13 $ 3,602 Charge-offs - - - - - (494) (4) (498) Recoveries - 3 - - 290 17 - 310 Provision for credit losses 330 53 (15) 106 (247) 550 8 785 Ending balance $ 504 $ 328 $ 40 $ 266 $ 605 $ 2,439 $ 17 $ 4,199 Three months ended: Beginning balance $ 164 $ 278 $ 55 $ 175 $ 625 $ 2,527 $ 15 $ 3,839 Charge-offs - - - - - (481) - (481) Recoveries - - - - 290 16 - 306 Provision for credit losses 340 50 (15) 91 (310) 377 2 535 Ending balance $ 504 $ 328 $ 40 $ 266 $ 605 $ 2,439 $ 17 $ 4,199 The following table provides additional information on the allowance for credit losses at June 30, 2016 and December 31, 2015: June 30, 2016 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 $ - $ - $ - $ - $ - $ 1,157 $ - $ 1,157 collectively evaluated for impairment 427 340 55 317 717 1,773 49 3,678 Acquired Loans: individually evaluated for impairment - - - 191 - 253 72 516 collectively evaluated for impairment 21 25 15 70 124 100 38 393 Loans: Legacy Loans: Ending balance $ 68,022 $ 107,484 $ 20,350 $ 95,678 $ 140,158 $ 128,520 $ 3,014 $ 563,226 individually evaluated for impairment - 298 - - 2,667 11,259 - 14,224 collectively evaluated for impairment 68,022 107,186 20,350 95,678 137,491 117,261 3,014 549,002 Acquired Loans: Ending balance 6,130 90,250 11,476 34,453 56,882 32,447 2,282 233,920 individually evaluated for impairment - 316 - 347 610 2,411 140 3,824 collectively evaluated for impairment 6,130 89,934 11,476 34,106 56,272 30,036 2,142 230,096 December 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: Legacy Loans: individually evaluated for impairment $ - $ - $ - $ - $ - $ 1,160 $ - $ 1,160 collectively evaluated for impairment 257 289 40 262 621 1,799 30 3,298 Acquired Loans: individually evaluated for impairment - - - - - 48 75 123 collectively evaluated for impairment 8 11 7 47 107 87 21 288 Loans: Legacy Loans: Ending balance $ 63,085 $ 89,649 $ 15,098 $ 94,393 $ 122,304 $ 124,981 $ 1,302 $ 510,811 individually evaluated for impairment - 631 63 - 2,838 5,086 - 8,618 collectively evaluated for impairment 63,085 89,018 15,035 94,393 119,466 119,895 1,302 502,193 Acquired Loans: Ending balance 6,300 93,339 12,379 36,722 59,057 38,443 2,951 249,191 individually evaluated for impairment - 363 - 232 151 1,728 150 2,624 collectively evaluated for impairment 6,300 92,976 12,379 36,490 58,906 36,715 2,801 246,567 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. June 30, 2016 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 $ 68,022 $ 107,186 $ 20,350 $ 95,678 $ 136,467 $ 125,902 $ 3,014 $ 556,619 Special mention - - - - 585 - - 585 Substandard - 298 - - 2,512 3 - 2,813 Doubtful - - - - 594 2,615 - 3,209 Total $ 68,022 $ 107,484 $ 20,350 $ 95,678 $ 140,158 $ 128,520 $ 3,014 $ 563,226 Acquired Loans: Not classified $ 6,130 $ 89,138 $ 11,476 $ 34,106 $ 55,097 $ 30,037 $ 2,142 $ 228,126 Special mention - - - - - - - - Substandard - 795 - - 1,175 689 - 2,659 Doubtful - 317 - 347 610 1,721 140 3,135 Total $ 6,130 $ 90,250 $ 11,476 $ 34,453 $ 56,882 $ 32,447 $ 2,282 $ 233,920 December 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 $ 63,085 $ 89,081 $ 15,035 $ 94,393 $ 119,637 $ 121,288 $ 1,302 $ 503,820 Special mention - - - - - 614 - 614 Substandard - 410 - 2,073 7 - 2,490 Doubtful - 158 63 - 594 3,072 - 3,887 Total $ 63,085 $ 89,649 $ 15,098 $ 94,393 $ 122,304 $ 124,981 $ 1,302 $ 510,811 Acquired Loans: Not classified $ 6,300 $ 92,975 $ 12,379 $ 36,484 $ 58,393 $ 36,731 $ 2,801 $ 246,063 Special mention - - - - - - - - Substandard - - - - 519 - - 519 Doubtful - 364 - 238 145 1,712 150 2,609 Total $ 6,300 $ 93,339 $ 12,379 $ 36,722 $ 59,057 $ 38,443 $ 2,951 $ 249,191 · 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 possible credit deterioration. June 30, 2016 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 $ 68,018 $ 107,484 $ 20,350 $ 95,678 $ 139,126 $ 125,305 $ 3,014 $ 558,975 Accruing loans past due: 31-59 days past due - - - - - - - - 60-89 days past due - - - - - 600 - 600 Greater than 90 days past due 4 - - - 438 - - 442 Total past due 4 - - - 438 600 - 1,042 Non-accrual loans - - - - 594 2,615 - 3,209 Total loans $ 68,022 $ 107,484 $ 20,350 $ 95,678 $ 140,158 $ 128,520 $ 3,014 $ 563,226 Acquired Loans: Accruing loans current $ 5,370 $ 89,511 $ 11,416 $ 33,660 $ 56,272 $ 30,726 $ 2,134 $ 229,089 Accruing loans past due: 31-59 days past due - - 26 - - - 2 28 60-89 days past due 760 157 5 - - - 6 928 Greater than 90 days past due - 265 29 446 - - - 740 Total past due 760 422 60 446 - - 8 1,696 Non-accrual loans - 317 - 347 610 1,721 140 3,135 Total loans $ 6,130 $ 90,250 $ 11,476 $ 34,453 $ 56,882 $ 32,447 $ 2,282 $ 233,920 December 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 $ 63,070 $ 89,319 $ 15,034 $ 94,141 $ 121,094 $ 120,025 $ 1,301 $ 503,983 Accruing loans past due: 31-59 days past due - - 1 252 - 24 1 278 60-89 days past due - - - - - 725 - 725 Greater than 90 days past due 15 - - - 445 - - 460 Total past due 15 - 1 252 445 749 1 1,463 Non-accrual loans - 330 63 - 765 4,207 - 5,365 Total loans $ 63,085 $ 89,649 $ 15,098 $ 94,393 $ 122,304 $ 124,981 $ 1,302 $ 510,811 Acquired Loans: Accruing loans current $ 5,924 $ 91,936 $ 12,290 $ 35,574 $ 58,369 $ 36,568 $ 2,765 $ 243,426 Accruing loans past due: 31-59 days past due 67 89 59 73 337 - 11 636 60-89 days past due 309 10 - 607 200 - 23 1,149 Greater than 90 days past due - 941 30 236 - 147 2 1,356 Total past due 376 1,040 89 916 537 147 36 3,141 Non-accrual loans - 363 - 232 151 1,728 150 2,624 Total loans $ 6,300 $ 93,339 $ 12,379 $ 36,722 $ 59,057 $ 38,443 $ 2,951 $ 249,191 Total loans either in non-accrual status or in excess of ninety days delinquent totaled $ 7.5 9.4 9.8 1.3 June 30, 2016 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 $ - $ 298 $ - $ - $ 2,667 $ 3,437 $ - $ 6,402 With an allowance recorded - - - - - 1,555 - 1,555 With no related allowance recorded - 298 - - 2,667 1,882 - 4,847 Related allowance - - - - - 1,157 - 1,157 Unpaid principal - 298 - - 2,667 3,437 - 6,402 Six months ended June 30, 2016 Average balance of impaired loans - 324 - - 2,667 4,140 - 7,131 Interest income recognized - 10 - - - 89 - 99 Three months ended June 30, 2016 Average balance of impaired loans - 323 - - 2,667 4,036 - 7,026 Interest income recognized - 10 - - - 55 - 65 Acquired Loans: Recorded investment $ - $ 316 $ - $ 347 $ 610 $ 2,411 $ 140 $ 3,824 With an allowance recorded - - - 191 - 984 140 1,315 With no related allowance recorded - 316 - 156 610 1,427 - 2,509 Related allowance - - - 191 - 253 72 516 Unpaid principal - 329 - 494 773 3,047 146 4,789 Six months ended June 30, 2016 Average balance of impaired loans - 372 - 637 929 7,923 148 10,009 Interest income recognized - 10 - - 8 88 1 107 Three months ended June 30, 2016 Average balance of impaired loans - 372 - 634 925 7,891 147 9,969 Interest income recognized - 6 - - 8 44 1 59 December 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 $ - $ 631 $ 63 $ - $ 2,838 $ 5,086 $ - $ 8,618 With an allowance recorded - - - - - 1,160 - 1,160 With no related allowance recorded - 631 63 - 2,838 3,926 - 7,458 Related allowance - - - - - 1,160 - 1,160 Unpaid principal - 631 63 - 2,838 5,086 - 8,618 Average balance of impaired loans - 622 74 - 3,417 7,198 - 11,311 Interest income recognized - 29 - - 119 284 - 432 Acquired Loans: Recorded investment $ - $ 363 $ - $ 232 $ 151 $ 1,728 $ 150 $ 2,624 With an allowance recorded - - - - - 48 75 123 With no related allowance recorded - 363 - 232 151 1,680 75 2,501 Related allowance - - - - - 48 75 123 Unpaid principal - 426 - 402 302 2,742 150 4,022 Average balance of impaired loans - 444 - 197 63 901 106 1,711 Interest income recognized - 8 - 8 - 3 6 25 Included in the total impaired loans above were non-accrual loans of $ 6.3 8.0 252 Management routinely evaluates other real estate owned (“OREO”) based upon periodic appraisals. For the six months ended June 30, 2016 there was an additional allowance of $ 83 Loans may have their terms restructured (e.g., interest rates, loan maturity date, payment and amortization period, etc.) in circumstances that provide payment relief to a borrower experiencing financial difficulty. Such restructured loans are considered trouble debt restructured loans (“TDRs”) that may either be impaired loans that may either be in accruing status or non-accruing status. Non-accruing restructured loans may return to accruing status provided there is a sufficient period of payment performance in accordance with the restructure terms. Loans may be removed from the restructured category in the year subsequent to the restructuring if: a) the restructuring agreement specifies an interest rate equal to or greater than the rate that the creditor was willing to accept at the time of restructuring for a new loan with comparable risk; and b) the loan is not impaired based on the terms specified by the restructuring agreement. June 30, 2016 Number Non-Accrual Number Accrual Total (dollars in thousands) of Loans Status of Loans Status TDRs Residential real estate - first lien - $ - 1 $ 298 $ 298 Commercial - non-owner occupied 1 594 1 2,073 2,667 Commercial loans and leases 2 290 1 2 292 Consumer 1 140 - - 140 4 $ 1,024 3 $ 2,373 $ 3,397 December 31, 2015 Number Non-Accrual Number Accrual Total (dollars in thousands) of Loans Status of Loans Status TDRs Residential real estate - first lien - $ - 1 $ 301 $ 301 Commercial - non-owner occupied 1 594 1 2,073 2,667 Commercial loans and leases - - 1 7 7 Consumer 1 150 - - 150 2 $ 744 3 $ 2,381 $ 3,125 June 30, 2016 Not Performing Performing to Modified to Modified Total (in thousands) Terms Terms TDRs Residential real estate (RE) - first lien Forbearance $ - $ 298 $ 298 Commercial RE - non-owner occupied Rate modification 594 2,073 2,667 Commercial loans Forbearance 290 - 290 Extension or other modification - 2 2 Consumer Extension or other modification 140 - 140 Total trouble debt restructure loans $ 1,024 $ 2,373 $ 3,397 December 31, 2015 Not Performing Performing to Modified to Modified Total (in thousands) Terms Terms TDRs Residential real estate (RE) - first lien Forbearance $ - $ 301 $ 301 Commercial RE - non-owner occupied Rate modification 594 2,073 2,667 Commercial loans Extension or other modification - 7 7 Consumer Extension or other modification 150 - 150 Total trouble debt restructure loans $ 744 $ 2,381 $ 3,125 There were two new commercial loans totaling $ 290 |
Goodwill and Other Intangible A
Goodwill and Other Intangible Assets | 6 Months Ended |
Jun. 30, 2016 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Intangible Assets Disclosure [Text Block] | Note 6: Goodwill and Other Intangible Assets June 30 (in thousands) 2016 Goodwill Banking $ 603 June 30, 2016 Weighted Gross Net Average Carrying Accumulated Carrying Remaining Life (in thousands) Amount Amortization Amount (Years) Amortizing intangible assets: Core deposit intangible $ 3,540 $ 990 $ 2,550 7.11 December 31, 2015 Weighted Gross Net Average Carrying Accumulated Carrying Remaining Life (in thousands) Amount Amortization Amount (Years) Amortizing intangible assets: Core deposit intangible $ 3,540 $ 637 $ 2,903 7.61 (in thousands) 2016 $ 302 2017 506 2018 396 2019 314 2020 269 Thereafter 763 Total amortizing intangible assets $ 2,550 |
Deposits
Deposits | 6 Months Ended |
Jun. 30, 2016 | |
Banking and Thrift [Abstract] | |
Deposit Liabilities Disclosures [Text Block] | Note 7: Deposits (dollars in thousands) June 30, 2016 December 31, 2015 % of % of Amount Total Amount Total Noninterest-bearing demand $ 179,699 23 % $ 173,689 23 % Interest-bearing checking 58,051 7 54,014 7 Money market accounts 259,382 32 230,661 31 Savings 53,184 7 51,989 7 Certificates of deposit $250,000 and over 12,975 2 15,749 2 Certificates of deposit under $250,000 234,827 29 221,306 30 Total deposits $ 798,118 100 % $ 747,408 100 % |
Stock Options and Stock Awards
Stock Options and Stock Awards | 6 Months Ended |
Jun. 30, 2016 | |
Stock Options Awards and Warrants [Abstract] | |
Stock Options Awards and Warrants [Text Block] | Note 8: 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 six months ended June 30, 2016 our directors earned 3,750 June 30, 2016 December 31, 2015 Weighted Weighted Average Average Exercise Exercise Shares Price Shares Price Balance at January 1, 137,463 $ 12.30 264,652 $ 11.75 Granted - - - - Exercised (1,740) 11.00 (62,287) 10.48 Forfeited (7,350) 12.04 (64,902) 11.83 Balance at period end 128,373 $ 12.33 137,463 $ 12.30 Exercisable at period end 128,373 $ 12.33 137,463 $ 12.30 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 $ 13.00 157 13.24 185 Restricted Stock In the second quarter of 2013, 50,000 30,000 20,000 June 30, 2016 December 31, 2015 Weighted Weighted Average Average Grant Date Grant Date Shares Fair Value Shares Fair Value Balance at January 1, 8,330 $ 6.92 33,330 $ 6.89 Granted - - - - Vested (8,330) 6.92 (18,336) 6.89 Forfeited - - (6,664) 6.85 Balance at period end - $ - 8,330 $ 6.92 At June 30, 2016, based on restricted stock awards outstanding, all of the pre-tax compensation expense related to unvested restricted stock awards has been recognized. 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 RSU t The Company granted 15,000 73,500 43,500 30,000 In 2014, 44,500 19,500 25,000 June 30, 2016 December 31, 2015 Weighted Weighted Average Average Grant Date Grant Date Shares Fair Value Shares Fair Value Balance at January 1, 74,828 $ 13.23 44,500 $ 11.21 Granted 15,000 12.80 73,500 14.00 Vested (10,333) 12.78 (19,836) 11.64 Forfeited (3,500) 13.62 (23,336) (12.84) Balance at period ended 75,995 $ 13.16 74,828 $ 13.23 At June 30, 2016, based on RSU awards outstanding at that time, the total unrecognized pre-tax compensation expense related to unvested RSU awards was $ 810 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 $ 171 47 375 95 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 not any stock options granted during the six months ended June 30, 2016 or in 2015. |
Benefit Plans
Benefit Plans | 6 Months Ended |
Jun. 30, 2016 | |
Profit Sharing Plan [Abstract] | |
Profit Sharing Plan [Text Block] | Note 9: Benefit Plans 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 4 312 258 Supplemental Executive Retirement Plan (SERP) In 2014, the Bank created a SERP for the Chief Executive Officer. This plan was amended in 2015. Under the defined benefit SERP, Ms. Scully will receive $150,000 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 $ 121 45 61 23 |
Income per Common Share
Income per Common Share | 6 Months Ended |
Jun. 30, 2016 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | Note 10: Income per Common Share Six months ended Three months ended (dollars in thousands, except per share data) 2016 2015 2016 2015 Net income $ 2,601 $ 1,440 $ 1,641 $ 791 Preferred stock dividends (166) (63) (109) (31) Net income available to common shareholders (numerator) $ 2,435 $ 1,377 $ 1,532 $ 760 BASIC Basic average common shares outstanding (denominator) 6,963,199 4,478,972 6,970,876 4,841,538 Basic income per common share $ 0.35 $ 0.31 $ 0.22 $ 0.16 DILUTED Average common shares outstanding 6,963,199 4,478,972 6,970,876 4,841,538 Dilutive effect of common stock equivalents 93,083 114,420 90,991 118,919 Diluted average common shares outstanding (denominator) 7,056,282 4,593,392 7,061,867 4,960,457 Diluted income per common share $ 0.35 $ 0.30 $ 0.22 $ 0.15 Common stock equivalents outstanding that are anti-dilutive and thus excluded from calculation of diluted number of shares presented above 75,711 77,690 79,911 77,690 |
Risk-Based Capital
Risk-Based Capital | 6 Months Ended |
Jun. 30, 2016 | |
Risks and Uncertainties [Abstract] | |
Concentration Risk Disclosure [Text Block] | Note 11: Risk-Based Capital In July 2013, the Federal Deposit Insurance Corporation (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, applies to all depository institutions, top-tier bank holding companies with total consolidated assets of $1 billion or more and top-tier savings and loan holding companies. The Company will become subject to the final rule as administered by the Board of Governors of the Federal Reserve if and when the Company reaches $1 billion in total consolidated assets. The final rule creates a new common equity Tier 1 (“CET1”) minimum capital requirement ( 4.5 The final rule limits the Bank’s capital distributions and certain discretionary bonus payments if the Bank does not hold a “capital conservation buffer” consisting of 2.5 In addition, under revised prompt corrective action requirements, in order to be considered “well-capitalized,” the Bank must have a CET1 risk-based capital ratio of 6.5 8.0 10.0 5.0 There are two main categories of capital under the regulatory capital guidelines. Tier 1 capital includes common shareholders’ equity, qualifying preferred stock and trust preferred securities, less goodwill and certain other deductions (including the unrealized net gains and losses, after applicable income taxes, on securities available for sale carried at fair value). Tier 2 capital includes preferred stock not qualifying as Tier 1 capital, subordinated debt, the allowance for credit losses and net unrealized gains on marketable equity securities, subject to limitations by the guidelines. Tier 2 capital is limited to the amount of Tier 1 capital (i.e., at least half of total capital must be in the form of Tier 1 capital). Under the guidelines, capital is compared to the relative risk related to the balance sheet. To derive the risk included in the balance sheet, one of several risk weights is applied to the different balance sheet and off-balance sheet assets, primarily based on the relative credit risk of the counterparty. For example, claims guaranteed by the U.S. government or one of its agencies are risk-weighted at 0%. Off-balance sheet items, such as loan commitments, are also applied a risk weight after calculating balance sheet equivalent amounts. One of four credit conversion factors (0%, 20%, 50% and 100%) is assigned to loan commitments based on the likelihood of the off-balance sheet item becoming an asset. For example, certain loan commitments are converted at 50% and then risk-weighted at 100%. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. 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 June 30, 2016: Total capital Howard Bank $ 91,752 10.89 % $ 67,378 8.00 % $ 84,222 10.00 % Howard Bancorp $ 90,320 10.80 % $ 66,928 8.00 % N/A Common equity tier 1 capital Howard Bank $ 86,000 10.21 % $ 37,900 4.50 % $ 54,744 6.50 % Howard Bancorp $ 81,157 9.70 % $ 37,647 4.50 % N/A Tier 1 capital Howard Bank $ 86,000 10.21 % $ 50,533 6.00 % $ 67,378 8.00 % Howard Bancorp $ 81,157 9.70 % $ 50,196 6.00 % N/A Tier 1 capital (to average assets) Howard Bank $ 86,000 8.85 % $ 38,885 4.00 % $ 48,607 5.00 % Howard Bancorp $ 81,157 8.36 % $ 38,844 4.00 % N/A As of December 31, 2015: Total capital Howard Bank $ 87,860 11.07 % $ 63,482 8.00 % $ 79,353 10.00 % Howard Bancorp $ 95,737 12.09 % $ 63,370 8.00 % N/A Common equity tier 1 capital Howard Bank $ 82,991 10.46 % $ 35,709 4.50 % $ 51,579 6.50 % Howard Bancorp $ 90,868 11.47 % $ 35,646 4.50 % N/A Tier 1 capital (to risk-weighted assets) Howard Bank $ 82,991 10.46 % $ 47,612 6.00 % $ 63,482 8.00 % Howard Bancorp $ 90,868 11.47 % $ 47,528 6.00 % N/A Tier 1 capital (to average assets) Howard Bank $ 82,991 9.04 % $ 36,703 4.00 % $ 45,879 5.00 % Howard Bancorp $ 90,868 9.90 % $ 36,710 4.00 % N/A The decrease in the Howard Bancorp risk-based capital ratios for June 30, 2016 were directly impacted by the redemption of the preferred stock issued under the SBLF program. This redemption occurred on May 6, 2016. Further information on this redemption can be found in Footnote 12 below. |
Preferred Stock
Preferred Stock | 6 Months Ended |
Jun. 30, 2016 | |
Equity [Abstract] | |
Preferred Stock [Text Block] | Note 12: 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 1,000 12,562,000 30 10 1 5 1 7 9 On May 6, 2016, after receiving all required regulatory approvals, Bancorp redeemed the 12,562 12,562,000 12,562,000 |
Fair Value
Fair Value | 6 Months Ended |
Jun. 30, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures [Text Block] | Note 13: Fair Value FASB ASC Topic 820 “Fair Value Measurements” defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. FASB ASC Topic 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company utilizes fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. Securities available for sale are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as loans held for investment and certain other assets. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Under FASB ASC Topic 820, the Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine the fair value. These hierarchy levels are: Level 1: Valuations for assets and liabilities traded in active exchange markets. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2: Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third party pricing services for identical or comparable assets or liabilities which use observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in active markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. A financial instrument's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. 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 therefore 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 method. 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 the commitment. Market risk arises if interest rates move adversely between the time 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. For loans held for investment that were originally intended to be sold and previously included as loans held for sale, fair value for these loans is determined 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. 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 the lower of cost or fair value, less selling costs. Any write-downs to fair value at the time of transfer to OREO are charged to the allowance for credit losses subsequent to foreclosure. Values are derived from appraisals of underlying collateral and discounted cash flow analysis. There was an $ 83 736 June 30, 2016 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. Government agencies $ 54,517 $ - $ 54,517 $ - U.S. Government treasuries 1,514 - 1,514 - Mortgage-backed securities 37 - 37 - Other investments 1,625 - 1,625 - Loans held for sale 51,010 - 51,010 - Loans held for investment 13,187 - 13,187 - Rate lock commitments 661 - 661 - December 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. Government agencies $ 48,422 $ - $ 48,422 $ - Mortgage-backed securities 57 - 57 - Other investments 1,094 - 1,094 - Loans held for sale 49,677 - 49,677 - Rate lock commitments 508 - 508 - June 30, 2016 Carrying Aggregate Fair Value Unpaid (in thousands) Amount Principal Difference Loans held for sale $ 51,010 $ 49,490 $ 1,520 Loans held for investment 13,187 12,371 816 December 31, 2015 Carrying Aggregate Fair Value Unpaid (in thousands) Amount Principal Difference Loans held for sale $ 49,677 $ 48,395 $ 1,282 There were no loans held for sale that were in non-accrual status at the end of either period presented. There was one loan totaling $ 219 1.1 69 June 30, 2016 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 $ 2,286 $ - $ - $ 2,286 Impaired loans: Construction and land - - - - Residential - first lien 542 - - 542 Residential - junior lien - - - - Commercial - owner occupied 156 - - 156 Commercial - non-owner occupied 3,277 - - 3,277 Commercial loans and leases 4,438 - - 4,438 Consumer 140 - - 140 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 $ 2,369 $ - $ - $ 2,369 Impaired loans: Construction and land - - - - Residential - first lien 994 - - 994 Residential - junior lien 63 - - 63 Commercial - owner occupied 232 - - 232 Commercial - non-owner occupied 2,989 - - 2,989 Commercial loans and leases 5,606 - - 5,606 Consumer 75 - - 75 At June 30, 2016 and December 31, 2015, OREO consisted of initially recorded value of $ 5.2 2.9 1.7 1.3 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. The following table presents required information in accordance with ASC Topic 825 “Financial Instruments” at June 30, 2016 and December 31, 2015. 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 a 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 the absence of such commitments, 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. June 30, 2016 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 $ 57,693 $ 57,693 $ - $ 57,693 $ - Nonmarketable equity securities 3,934 3,934 - 3,934 - Loans held for sale 51,010 51,010 - 51,010 - Loans held for investment 13,187 13,187 - 13,187 - Rate lock commitments 661 661 - 661 - Loans and leases 778,215 780,507 - - 780,507 Financial Liabilities Deposits 798,118 797,588 - 797,588 - Short-term borrowings 62,147 62,147 - 62,147 - Long-term borrowings 39,226 39,374 - 39,374 - December 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 $ 49,573 $ 49,573 $ - $ 49,573 $ - Nonmarketable equity securities 4,163 4,163 - 4,163 - Loans held for sale 49,677 49,677 - 49,677 - Rate lock commitments 508 508 - 508 - Loans and leases 755,133 760,562 - - 760,562 Financial Liabilities Deposits 747,408 747,938 - 747,938 - Short-term borrowings 69,121 69,121 - 69,121 - Long-term borrowings 29,707 29,911 - 29,911 - |
Summary of Significant Accoun21
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature of Operations [Policy Text Block] | 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 August 28, 2015, Bancorp completed its acquisition of Patapsco Bancorp, Inc. (“Patapsco Bancorp”), the parent company of The Patapsco Bank (“Patapsco Bank”), through the merger of Patapsco Bancorp with and into Bancorp (the “Merger”). The Merger was consummated pursuant to the Agreement and Plan of Merger dated as of March 2, 2015, by and between Bancorp and Patapsco Bancorp, as amended (the “Merger Agreement”). As a result of the Merger, each share of common stock of Patapsco Bancorp was converted into the right to receive, at the holder’s election, $ 5.09 0.01 20 560,891 10.064 On May 6, 2016, the Company redeemed all of the 12,562 12.7 one interest only payments based upon 30 day LIBOR plus 300 basis points. 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. |
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 with no impact on net income or stockholders equity as previously reported. |
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, and the fair value of loans held for sale. |
Loans Held For Sale Mortgages [Policy Text Block] | Loans Held-For-Sale The Company engages in sales of residential mortgage loans originated by the Bank. Loans held for sale are carried at fair value. Fair value is based on outstanding investor commitments or, in the absence of such commitments, or on current investor yield requirements based on third party models. Gains and losses on sales of these loans are recorded as a component of noninterest income in the Consolidated Statements of Operations. The Company’s current practice is to sell residential mortgage loans on a servicing released basis, and, therefore, it has no intangible asset recorded for the value of such servicing. Upon sale and delivery, loans are legally isolated from the Company and the Company has no ability to restrict or constrain the ability of third party investors to pledge or exchange the mortgage loans. The Company does not have the entitlement or ability to repurchase the mortgage loans or unilaterally cause third party investors to put the mortgage loans back to the Company. Unrealized and realized gains on loan sales are determined using the specific identification method and are recognized through mortgage banking activity in the Consolidated Statements of Operations. The Company enters into commitments to originate residential mortgage loans whereby the interest rate on the loan is determined prior to funding (i.e. rate lock commitment). Such rate lock commitments on mortgage loans to be sold in the secondary market are considered to be derivatives. The period of time between issuance of a loan commitment and closing and sale of the loan generally ranges from 15 to 60 days. The Company protects itself from changes in interest rates through the use of best efforts forward delivery commitments, whereby the Company commits to sell a loan at a premium at the time the borrower commits to an interest rate with the intent that the buyer has assumed interest rate risk on the loan. For purposes of calculating fair value of rate lock commitments, we estimate loan closing and investor delivery rate based on historical experience. The measurement of the estimated fair value of the rate lock commitments is presented as realized and unrealized gains from mortgage banking activities. |
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Pronouncements The Financial Accounting Standards Board (the “FASB”) has issued ASU 2016-13, Financial InstrumentsCredit Losses (Topic 326). The FASB has issued ASU 2016-09, CompensationStock Compensation (Topic 718). The FASB has issued ASU 2016-02, Leases (Topic 842). The FASB has issued ASU No. 2016-01, Financial Instruments Recognition and Measurement of Financial Assets and Liabilities The FASB issued ASU No. 2014-09, Revenue from Contracts with Customers |
Business Combinations (Tables)
Business Combinations (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table provides the purchase price as of the acquisition date, the identifiable assets acquired and liabilities assumed at their estimated fair values, and the resulting goodwill of $ 603 (in thousands) Purchase Price Consideration Cash consideration $ 2,015 Purchase price assigned to shares exchanged for stock 8,049 Total purchase price for Patapsco Bancorp acquisition $ 10,064 Assets acquired at fair value: Cash and cash equivalents $ 19,047 Investment securities available for sale 26,255 Loans 156,907 Accrued interest receivable 602 Other assets 9,090 Core deposit intangible 1,974 Total fair value of assets acquired $ 213,875 Liabilities assumed at fair value: Deposits 175,083 Borrowings 17,737 Accrued expenses and other liabilities 11,594 Total fair value of liabilities assumed $ 204,414 Net assets acquired at fair value: $ 9,461 Transaction consideration paid to Patapsco Bancorp 10,064 Amount of goodwill recorded from Patapsco Bancorp acquisition $ 603 |
Patapsco Bancorp [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block] | The following table outlines the contractually required payments receivable, cash flows we expect to receive, non-accretable credit adjustments and the accretable yield for all Patapsco Bancorp loans as of the acquisition date. (in thousands) Contractually Non-Accretable Cash Flows Accretable FMV Carrying Value Performing Loans Acquired $ 156,393 $ - $ 156,393 $ 866 $ 155,527 Impaired Loans Acquired 3,465 1,713 1,752 372 1,380 Total $ 159,858 $ 1,713 $ 158,145 $ 1,238 $ 156,907 |
Investment Securities (Tables)
Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
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) June 30, 2016 December 31, 2015 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 $ 54,502 $ 19 $ 4 $ 54,517 $ 48,467 $ - $ 45 $ 48,422 Treasuries 1,514 - - 1,514 - - - - Mortgage-backed 35 2 - 37 54 3 - 57 Other investments 1,600 25 - 1,625 1,100 - 6 1,094 $ 57,651 $ 46 $ 4 $ 57,693 $ 49,621 $ 3 $ 51 $ 49,573 |
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 June 30, 2016 and December 31, 2015 are presented below: June 30, 2016 (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 $ 17,990 $ 4 $ - $ - $ 17,990 $ 4 Treasuries 1,514 - - - 1,514 - Mortgage-backed - - - - - - Other investments - - - - - - $ 19,504 $ 4 $ - $ - $ 19,504 $ 4 The portfolio contained nine securities with unrealized losses of $ 4 1 December 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 $ 39,431 $ 45 $ - $ - $ 39,431 $ 45 Mortgage-backed - - - - - - Other investments 1,000 6 - - 1,000 6 $ 40,431 $ 51 $ - $ - $ 40,431 $ 51 |
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) June 30, 2016 December 31, 2015 Amortized Estimated Fair Amortized Estimated Fair Cost Value Cost Value Amounts maturing: One year or less $ 51,006 $ 51,012 $ 43,465 $ 43,425 After one through five years 5,009 5,019 5,002 4,997 After five through ten years 36 37 54 57 After ten years 1,600 1,625 1,100 1,094 $ 57,651 $ 57,693 $ 49,621 $ 49,573 |
Loans and Leases (Tables)
Loans and Leases (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Receivables [Abstract] | |
Schedule of Receivables with Imputed Interest [Table Text Block] | The loan portfolio segment balances at June 30, 2016 and December 31, 2015 are presented in the following table: June 30, 2016 December 31, 2015 (in thousands) Legacy Acquired Total Legacy Acquired Total Real estate Construction and land $ 68,022 $ 6,130 $ 74,152 $ 63,085 $ 6,300 $ 69,385 Residential - first lien 107,484 90,250 197,734 89,649 93,339 182,988 Residential - junior lien 20,350 11,476 31,826 15,098 12,379 27,477 Total residential real estate 127,834 101,726 229,560 104,747 105,718 210,465 Commercial - owner occupied 95,678 34,453 130,131 94,392 36,722 131,114 Commercial - non-owner occupied 140,158 56,882 197,040 122,304 59,057 181,361 Total commercial real estate 235,836 91,335 327,171 216,696 95,779 312,475 Total real estate loans 431,692 199,191 630,883 384,528 207,797 592,325 Commercial loans and leases 128,520 32,447 160,967 124,981 38,443 163,424 Consumer 3,014 2,282 5,296 1,302 2,951 4,253 Total loans $ 563,226 $ 233,920 $ 797,146 $ 510,811 $ 249,191 $ 760,002 |
Acquired Impaired Loans Receivables [Table Text Block] | (in thousands) June 30, 2016 June 30, 2015 Balance at beginning of period $ 335 $ 264 Accretion of fair value discounts (186) (102) Balance at end of period $ 150 $ 162 Contractually Required Payments (in thousands) Receivable Carrying Amount At June 30, 2016 $ 2,199 $ 1,294 At December 31, 2015 $ 3,105 $ 1,707 At June 30, 2015 $ 1,352 $ 751 At December 31, 2014 $ 2,466 $ 1,078 |
Credit Quality Assessment (Tabl
Credit Quality Assessment (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Receivables [Abstract] | |
Allowance for Loan and Lease Losses [Table Text Block] | June 30, 2016 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: Six months ended: Beginning balance $ 265 $ 300 $ 47 $ 309 $ 728 $ 3,094 $ 126 $ 4,869 Charge-offs - - - - - (66) (11) (77) Recoveries - - - - 3 26 23 52 Provision for credit losses 183 65 23 269 110 229 21 900 Ending balance $ 448 $ 365 $ 70 $ 578 $ 841 $ 3,283 $ 159 $ 5,744 Three months ended: Beginning balance $ 362 $ 349 $ 56 $ 543 $ 838 $ 3,043 $ 65 $ 5,256 Charge-offs - - - - - (59) - (59) Recoveries - - - - 1 17 14 32 Provision for credit losses 86 16 14 35 2 282 80 515 Ending balance $ 448 $ 365 $ 70 $ 578 $ 841 $ 3,283 $ 159 $ 5,744 June 30, 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: Six months ended: Beginning balance $ 174 $ 272 $ 55 $ 160 $ 562 $ 2,366 $ 13 $ 3,602 Charge-offs - - - - - (494) (4) (498) Recoveries - 3 - - 290 17 - 310 Provision for credit losses 330 53 (15) 106 (247) 550 8 785 Ending balance $ 504 $ 328 $ 40 $ 266 $ 605 $ 2,439 $ 17 $ 4,199 Three months ended: Beginning balance $ 164 $ 278 $ 55 $ 175 $ 625 $ 2,527 $ 15 $ 3,839 Charge-offs - - - - - (481) - (481) Recoveries - - - - 290 16 - 306 Provision for credit losses 340 50 (15) 91 (310) 377 2 535 Ending balance $ 504 $ 328 $ 40 $ 266 $ 605 $ 2,439 $ 17 $ 4,199 June 30, 2016 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 $ - $ - $ - $ - $ - $ 1,157 $ - $ 1,157 collectively evaluated for impairment 427 340 55 317 717 1,773 49 3,678 Acquired Loans: individually evaluated for impairment - - - 191 - 253 72 516 collectively evaluated for impairment 21 25 15 70 124 100 38 393 Loans: Legacy Loans: Ending balance $ 68,022 $ 107,484 $ 20,350 $ 95,678 $ 140,158 $ 128,520 $ 3,014 $ 563,226 individually evaluated for impairment - 298 - - 2,667 11,259 - 14,224 collectively evaluated for impairment 68,022 107,186 20,350 95,678 137,491 117,261 3,014 549,002 Acquired Loans: Ending balance 6,130 90,250 11,476 34,453 56,882 32,447 2,282 233,920 individually evaluated for impairment - 316 - 347 610 2,411 140 3,824 collectively evaluated for impairment 6,130 89,934 11,476 34,106 56,272 30,036 2,142 230,096 December 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: Legacy Loans: individually evaluated for impairment $ - $ - $ - $ - $ - $ 1,160 $ - $ 1,160 collectively evaluated for impairment 257 289 40 262 621 1,799 30 3,298 Acquired Loans: individually evaluated for impairment - - - - - 48 75 123 collectively evaluated for impairment 8 11 7 47 107 87 21 288 Loans: Legacy Loans: Ending balance $ 63,085 $ 89,649 $ 15,098 $ 94,393 $ 122,304 $ 124,981 $ 1,302 $ 510,811 individually evaluated for impairment - 631 63 - 2,838 5,086 - 8,618 collectively evaluated for impairment 63,085 89,018 15,035 94,393 119,466 119,895 1,302 502,193 Acquired Loans: Ending balance 6,300 93,339 12,379 36,722 59,057 38,443 2,951 249,191 individually evaluated for impairment - 363 - 232 151 1,728 150 2,624 collectively evaluated for impairment 6,300 92,976 12,379 36,490 58,906 36,715 2,801 246,567 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Credit risk profile by portfolio segment based upon internally assigned risk assignments are presented below: June 30, 2016 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 $ 68,022 $ 107,186 $ 20,350 $ 95,678 $ 136,467 $ 125,902 $ 3,014 $ 556,619 Special mention - - - - 585 - - 585 Substandard - 298 - - 2,512 3 - 2,813 Doubtful - - - - 594 2,615 - 3,209 Total $ 68,022 $ 107,484 $ 20,350 $ 95,678 $ 140,158 $ 128,520 $ 3,014 $ 563,226 Acquired Loans: Not classified $ 6,130 $ 89,138 $ 11,476 $ 34,106 $ 55,097 $ 30,037 $ 2,142 $ 228,126 Special mention - - - - - - - - Substandard - 795 - - 1,175 689 - 2,659 Doubtful - 317 - 347 610 1,721 140 3,135 Total $ 6,130 $ 90,250 $ 11,476 $ 34,453 $ 56,882 $ 32,447 $ 2,282 $ 233,920 December 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 $ 63,085 $ 89,081 $ 15,035 $ 94,393 $ 119,637 $ 121,288 $ 1,302 $ 503,820 Special mention - - - - - 614 - 614 Substandard - 410 - 2,073 7 - 2,490 Doubtful - 158 63 - 594 3,072 - 3,887 Total $ 63,085 $ 89,649 $ 15,098 $ 94,393 $ 122,304 $ 124,981 $ 1,302 $ 510,811 Acquired Loans: Not classified $ 6,300 $ 92,975 $ 12,379 $ 36,484 $ 58,393 $ 36,731 $ 2,801 $ 246,063 Special mention - - - - - - - - Substandard - - - - 519 - - 519 Doubtful - 364 - 238 145 1,712 150 2,609 Total $ 6,300 $ 93,339 $ 12,379 $ 36,722 $ 59,057 $ 38,443 $ 2,951 $ 249,191 |
Past Due Financing Receivables [Table Text Block] | An aged analysis of past due loans are as follows: June 30, 2016 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 $ 68,018 $ 107,484 $ 20,350 $ 95,678 $ 139,126 $ 125,305 $ 3,014 $ 558,975 Accruing loans past due: 31-59 days past due - - - - - - - - 60-89 days past due - - - - - 600 - 600 Greater than 90 days past due 4 - - - 438 - - 442 Total past due 4 - - - 438 600 - 1,042 Non-accrual loans - - - - 594 2,615 - 3,209 Total loans $ 68,022 $ 107,484 $ 20,350 $ 95,678 $ 140,158 $ 128,520 $ 3,014 $ 563,226 Acquired Loans: Accruing loans current $ 5,370 $ 89,511 $ 11,416 $ 33,660 $ 56,272 $ 30,726 $ 2,134 $ 229,089 Accruing loans past due: 31-59 days past due - - 26 - - - 2 28 60-89 days past due 760 157 5 - - - 6 928 Greater than 90 days past due - 265 29 446 - - - 740 Total past due 760 422 60 446 - - 8 1,696 Non-accrual loans - 317 - 347 610 1,721 140 3,135 Total loans $ 6,130 $ 90,250 $ 11,476 $ 34,453 $ 56,882 $ 32,447 $ 2,282 $ 233,920 December 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 $ 63,070 $ 89,319 $ 15,034 $ 94,141 $ 121,094 $ 120,025 $ 1,301 $ 503,983 Accruing loans past due: 31-59 days past due - - 1 252 - 24 1 278 60-89 days past due - - - - - 725 - 725 Greater than 90 days past due 15 - - - 445 - - 460 Total past due 15 - 1 252 445 749 1 1,463 Non-accrual loans - 330 63 - 765 4,207 - 5,365 Total loans $ 63,085 $ 89,649 $ 15,098 $ 94,393 $ 122,304 $ 124,981 $ 1,302 $ 510,811 Acquired Loans: Accruing loans current $ 5,924 $ 91,936 $ 12,290 $ 35,574 $ 58,369 $ 36,568 $ 2,765 $ 243,426 Accruing loans past due: 31-59 days past due 67 89 59 73 337 - 11 636 60-89 days past due 309 10 - 607 200 - 23 1,149 Greater than 90 days past due - 941 30 236 - 147 2 1,356 Total past due 376 1,040 89 916 537 147 36 3,141 Non-accrual loans - 363 - 232 151 1,728 150 2,624 Total loans $ 6,300 $ 93,339 $ 12,379 $ 36,722 $ 59,057 $ 38,443 $ 2,951 $ 249,191 |
Impaired Financing Receivables [Table Text Block] | The impaired loans at June 30, 2016 and December 31, 2015 are as follows: June 30, 2016 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 $ - $ 298 $ - $ - $ 2,667 $ 3,437 $ - $ 6,402 With an allowance recorded - - - - - 1,555 - 1,555 With no related allowance recorded - 298 - - 2,667 1,882 - 4,847 Related allowance - - - - - 1,157 - 1,157 Unpaid principal - 298 - - 2,667 3,437 - 6,402 Six months ended June 30, 2016 Average balance of impaired loans - 324 - - 2,667 4,140 - 7,131 Interest income recognized - 10 - - - 89 - 99 Three months ended June 30, 2016 Average balance of impaired loans - 323 - - 2,667 4,036 - 7,026 Interest income recognized - 10 - - - 55 - 65 Acquired Loans: Recorded investment $ - $ 316 $ - $ 347 $ 610 $ 2,411 $ 140 $ 3,824 With an allowance recorded - - - 191 - 984 140 1,315 With no related allowance recorded - 316 - 156 610 1,427 - 2,509 Related allowance - - - 191 - 253 72 516 Unpaid principal - 329 - 494 773 3,047 146 4,789 Six months ended June 30, 2016 Average balance of impaired loans - 372 - 637 929 7,923 148 10,009 Interest income recognized - 10 - - 8 88 1 107 Three months ended June 30, 2016 Average balance of impaired loans - 372 - 634 925 7,891 147 9,969 Interest income recognized - 6 - - 8 44 1 59 December 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 $ - $ 631 $ 63 $ - $ 2,838 $ 5,086 $ - $ 8,618 With an allowance recorded - - - - - 1,160 - 1,160 With no related allowance recorded - 631 63 - 2,838 3,926 - 7,458 Related allowance - - - - - 1,160 - 1,160 Unpaid principal - 631 63 - 2,838 5,086 - 8,618 Average balance of impaired loans - 622 74 - 3,417 7,198 - 11,311 Interest income recognized - 29 - - 119 284 - 432 Acquired Loans: Recorded investment $ - $ 363 $ - $ 232 $ 151 $ 1,728 $ 150 $ 2,624 With an allowance recorded - - - - - 48 75 123 With no related allowance recorded - 363 - 232 151 1,680 75 2,501 Related allowance - - - - - 48 75 123 Unpaid principal - 426 - 402 302 2,742 150 4,022 Average balance of impaired loans - 444 - 197 63 901 106 1,711 Interest income recognized - 8 - 8 - 3 6 25 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | TDRs at June 30, 2016 and December 31, 2015 are as follows: June 30, 2016 Number Non-Accrual Number Accrual Total (dollars in thousands) of Loans Status of Loans Status TDRs Residential real estate - first lien - $ - 1 $ 298 $ 298 Commercial - non-owner occupied 1 594 1 2,073 2,667 Commercial loans and leases 2 290 1 2 292 Consumer 1 140 - - 140 4 $ 1,024 3 $ 2,373 $ 3,397 December 31, 2015 Number Non-Accrual Number Accrual Total (dollars in thousands) of Loans Status of Loans Status TDRs Residential real estate - first lien - $ - 1 $ 301 $ 301 Commercial - non-owner occupied 1 594 1 2,073 2,667 Commercial loans and leases - - 1 7 7 Consumer 1 150 - - 150 2 $ 744 3 $ 2,381 $ 3,125 |
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: June 30, 2016 Not Performing Performing to Modified to Modified Total (in thousands) Terms Terms TDRs Residential real estate (RE) - first lien Forbearance $ - $ 298 $ 298 Commercial RE - non-owner occupied Rate modification 594 2,073 2,667 Commercial loans Forbearance 290 - 290 Extension or other modification - 2 2 Consumer Extension or other modification 140 - 140 Total trouble debt restructure loans $ 1,024 $ 2,373 $ 3,397 December 31, 2015 Not Performing Performing to Modified to Modified Total (in thousands) Terms Terms TDRs Residential real estate (RE) - first lien Forbearance $ - $ 301 $ 301 Commercial RE - non-owner occupied Rate modification 594 2,073 2,667 Commercial loans Extension or other modification - 7 7 Consumer Extension or other modification 150 - 150 Total trouble debt restructure loans $ 744 $ 2,381 $ 3,125 |
Goodwill and Other Intangible26
Goodwill and Other Intangible Assets (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Goodwill [Table Text Block] | The Bank has one unit, which is the core banking operation. The table below shows goodwill balances at June 30, 2016. June 30 (in thousands) 2016 Goodwill Banking $ 603 |
Finite-lived Intangible Assets Amortization Expense [Table Text Block] | The gross carrying amount and accumulated amortization of other intangible assets are as follows: June 30, 2016 Weighted Gross Net Average Carrying Accumulated Carrying Remaining Life (in thousands) Amount Amortization Amount (Years) Amortizing intangible assets: Core deposit intangible $ 3,540 $ 990 $ 2,550 7.11 December 31, 2015 Weighted Gross Net Average Carrying Accumulated Carrying Remaining Life (in thousands) Amount Amortization Amount (Years) Amortizing intangible assets: Core deposit intangible $ 3,540 $ 637 $ 2,903 7.61 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | (in thousands) 2016 $ 302 2017 506 2018 396 2019 314 2020 269 Thereafter 763 Total amortizing intangible assets $ 2,550 |
Deposits (Tables)
Deposits (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Banking and Thrift [Abstract] | |
Schedule of Deposits [Table Text Block] | (dollars in thousands) June 30, 2016 December 31, 2015 % of % of Amount Total Amount Total Noninterest-bearing demand $ 179,699 23 % $ 173,689 23 % Interest-bearing checking 58,051 7 54,014 7 Money market accounts 259,382 32 230,661 31 Savings 53,184 7 51,989 7 Certificates of deposit $250,000 and over 12,975 2 15,749 2 Certificates of deposit under $250,000 234,827 29 221,306 30 Total deposits $ 798,118 100 % $ 747,408 100 % |
Stock Options and Stock Awards
Stock Options and Stock Awards (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Stock Options Awards and Warrants [Abstract] | |
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | The following table summarizes the Company’s stock option activity and related information for the periods ended: June 30, 2016 December 31, 2015 Weighted Weighted Average Average Exercise Exercise Shares Price Shares Price Balance at January 1, 137,463 $ 12.30 264,652 $ 11.75 Granted - - - - Exercised (1,740) 11.00 (62,287) 10.48 Forfeited (7,350) 12.04 (64,902) 11.83 Balance at period end 128,373 $ 12.33 137,463 $ 12.30 Exercisable at period end 128,373 $ 12.33 137,463 $ 12.30 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 in the Company’s restricted stock for the periods ended: June 30, 2016 December 31, 2015 Weighted Weighted Average Average Grant Date Grant Date Shares Fair Value Shares Fair Value Balance at January 1, 8,330 $ 6.92 33,330 $ 6.89 Granted - - - - Vested (8,330) 6.92 (18,336) 6.89 Forfeited - - (6,664) 6.85 Balance at period end - $ - 8,330 $ 6.92 |
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] | The following table presents a summary of the activity in the Company’s RSUs for the periods ended: June 30, 2016 December 31, 2015 Weighted Weighted Average Average Grant Date Grant Date Shares Fair Value Shares Fair Value Balance at January 1, 74,828 $ 13.23 44,500 $ 11.21 Granted 15,000 12.80 73,500 14.00 Vested (10,333) 12.78 (19,836) 11.64 Forfeited (3,500) 13.62 (23,336) (12.84) Balance at period ended 75,995 $ 13.16 74,828 $ 13.23 |
Income per Common Share (Tables
Income per Common Share (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Six months ended Three months ended (dollars in thousands, except per share data) 2016 2015 2016 2015 Net income $ 2,601 $ 1,440 $ 1,641 $ 791 Preferred stock dividends (166) (63) (109) (31) Net income available to common shareholders (numerator) $ 2,435 $ 1,377 $ 1,532 $ 760 BASIC Basic average common shares outstanding (denominator) 6,963,199 4,478,972 6,970,876 4,841,538 Basic income per common share $ 0.35 $ 0.31 $ 0.22 $ 0.16 DILUTED Average common shares outstanding 6,963,199 4,478,972 6,970,876 4,841,538 Dilutive effect of common stock equivalents 93,083 114,420 90,991 118,919 Diluted average common shares outstanding (denominator) 7,056,282 4,593,392 7,061,867 4,960,457 Diluted income per common share $ 0.35 $ 0.30 $ 0.22 $ 0.15 Common stock equivalents outstanding that are anti-dilutive and thus excluded from calculation of diluted number of shares presented above 75,711 77,690 79,911 77,690 |
Risk-Based Capital (Tables)
Risk-Based Capital (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Risks and Uncertainties [Abstract] | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Management believes that, as of June 30, 2016 and December 31, 2015, 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 June 30, 2016: Total capital Howard Bank $ 91,752 10.89 % $ 67,378 8.00 % $ 84,222 10.00 % Howard Bancorp $ 90,320 10.80 % $ 66,928 8.00 % N/A Common equity tier 1 capital Howard Bank $ 86,000 10.21 % $ 37,900 4.50 % $ 54,744 6.50 % Howard Bancorp $ 81,157 9.70 % $ 37,647 4.50 % N/A Tier 1 capital Howard Bank $ 86,000 10.21 % $ 50,533 6.00 % $ 67,378 8.00 % Howard Bancorp $ 81,157 9.70 % $ 50,196 6.00 % N/A Tier 1 capital (to average assets) Howard Bank $ 86,000 8.85 % $ 38,885 4.00 % $ 48,607 5.00 % Howard Bancorp $ 81,157 8.36 % $ 38,844 4.00 % N/A As of December 31, 2015: Total capital Howard Bank $ 87,860 11.07 % $ 63,482 8.00 % $ 79,353 10.00 % Howard Bancorp $ 95,737 12.09 % $ 63,370 8.00 % N/A Common equity tier 1 capital Howard Bank $ 82,991 10.46 % $ 35,709 4.50 % $ 51,579 6.50 % Howard Bancorp $ 90,868 11.47 % $ 35,646 4.50 % N/A Tier 1 capital (to risk-weighted assets) Howard Bank $ 82,991 10.46 % $ 47,612 6.00 % $ 63,482 8.00 % Howard Bancorp $ 90,868 11.47 % $ 47,528 6.00 % N/A Tier 1 capital (to average assets) Howard Bank $ 82,991 9.04 % $ 36,703 4.00 % $ 45,879 5.00 % Howard Bancorp $ 90,868 9.90 % $ 36,710 4.00 % N/A |
Fair Value (Tables)
Fair Value (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
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 at fair value on a recurring basis at June 30, 2016 and December 31, 2015: June 30, 2016 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. Government agencies $ 54,517 $ - $ 54,517 $ - U.S. Government treasuries 1,514 - 1,514 - Mortgage-backed securities 37 - 37 - Other investments 1,625 - 1,625 - Loans held for sale 51,010 - 51,010 - Loans held for investment 13,187 - 13,187 - Rate lock commitments 661 - 661 - December 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. Government agencies $ 48,422 $ - $ 48,422 $ - Mortgage-backed securities 57 - 57 - Other investments 1,094 - 1,094 - Loans held for sale 49,677 - 49,677 - Rate lock commitments 508 - 508 - |
Schedule Of Assets Held For Sale Fair Value Options [Table Text Block] | Assets under fair value option: June 30, 2016 Carrying Aggregate Fair Value Unpaid (in thousands) Amount Principal Difference Loans held for sale $ 51,010 $ 49,490 $ 1,520 Loans held for investment 13,187 12,371 816 December 31, 2015 Carrying Aggregate Fair Value Unpaid (in thousands) Amount Principal Difference Loans held for sale $ 49,677 $ 48,395 $ 1,282 |
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 at fair value on a nonrecurring basis at June 30, 2016 and December 31, 2015. OREO is initially recorded at fair value less anticipated costs to sell. Impaired loans are measured using the fair value of collateral, if applicable. June 30, 2016 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 $ 2,286 $ - $ - $ 2,286 Impaired loans: Construction and land - - - - Residential - first lien 542 - - 542 Residential - junior lien - - - - Commercial - owner occupied 156 - - 156 Commercial - non-owner occupied 3,277 - - 3,277 Commercial loans and leases 4,438 - - 4,438 Consumer 140 - - 140 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 $ 2,369 $ - $ - $ 2,369 Impaired loans: Construction and land - - - - Residential - first lien 994 - - 994 Residential - junior lien 63 - - 63 Commercial - owner occupied 232 - - 232 Commercial - non-owner occupied 2,989 - - 2,989 Commercial loans and leases 5,606 - - 5,606 Consumer 75 - - 75 |
Fair Value, by Balance Sheet Grouping [Table Text Block] | 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. June 30, 2016 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 $ 57,693 $ 57,693 $ - $ 57,693 $ - Nonmarketable equity securities 3,934 3,934 - 3,934 - Loans held for sale 51,010 51,010 - 51,010 - Loans held for investment 13,187 13,187 - 13,187 - Rate lock commitments 661 661 - 661 - Loans and leases 778,215 780,507 - - 780,507 Financial Liabilities Deposits 798,118 797,588 - 797,588 - Short-term borrowings 62,147 62,147 - 62,147 - Long-term borrowings 39,226 39,374 - 39,374 - December 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 $ 49,573 $ 49,573 $ - $ 49,573 $ - Nonmarketable equity securities 4,163 4,163 - 4,163 - Loans held for sale 49,677 49,677 - 49,677 - Rate lock commitments 508 508 - 508 - Loans and leases 755,133 760,562 - - 760,562 Financial Liabilities Deposits 747,408 747,938 - 747,938 - Short-term borrowings 69,121 69,121 - 69,121 - Long-term borrowings 29,707 29,911 - 29,911 - |
Summary of Significant Accoun32
Summary of Significant Accounting Policies (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | May 06, 2016 | Aug. 28, 2015 | Jun. 30, 2016 | Dec. 31, 2015 |
Summary of Significant Accounting Policies [Line Items] | ||||
Common Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 | $ 0.01 | |
Stock Redeemed or Called During Period, Value | $ 12,562 | |||
Series AA Preferred Stock [Member] | ||||
Summary of Significant Accounting Policies [Line Items] | ||||
Stock Redeemed or Called During Period, Shares | 12,562 | |||
Stock Redeemed or Called During Period, Value | $ 12,700 | |||
Series AA Preferred Stock [Member] | Raymond James Bank Variable Rate Debt [Member] | ||||
Summary of Significant Accounting Policies [Line Items] | ||||
Debt Instrument, Description of Variable Rate Basis | interest only payments based upon 30 day LIBOR plus 300 basis points. | |||
Debt Instrument, Term | 1 year | |||
Patapsco Bancorp [Member] | ||||
Summary of Significant Accounting Policies [Line Items] | ||||
Business Acquisition Fractional Shares Price Per Share | $ 5.09 | |||
Percentage Of Shares Exchanged For Cash | 20.00% | |||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 560,891 | |||
Business Combination, Consideration Transferred, Total | $ 10,064 |
Business Combinations (Details)
Business Combinations (Details) - Patapsco Bancorp Acquisition [Member] $ in Thousands | 1 Months Ended |
Aug. 28, 2015USD ($) | |
Purchase Price Consideration | |
Cash consideration | $ 2,015 |
Purchase price assigned to shares exchanged for stock | 8,049 |
Total purchase price for Patapsco Bancorp acquisition | 10,064 |
Assets acquired at fair value: | |
Cash and cash equivalents | 19,047 |
Investment securities available for sale | 26,255 |
Loans | 156,907 |
Accrued interest receivable | 602 |
Other assets | 9,090 |
Core deposit intangible | 1,974 |
Total fair value of assets acquired | 213,875 |
Liabilities assumed at fair value: | |
Deposits | 175,083 |
Borrowings | 17,737 |
Accrued expenses and other liabilities | 11,594 |
Total fair value of liabilities assumed | 204,414 |
Net assets acquired at fair value: | 9,461 |
Transaction consideration paid to Patapsco Bancorp | 10,064 |
Amount of goodwill recorded from Patapsco Bancorp acquisition | $ 603 |
Business Combinations (Details
Business Combinations (Details 1) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Aug. 28, 2015 | Jun. 30, 2015 | Dec. 31, 2014 |
Business Acquisition [Line Items] | |||||
Contractually Required Payments Receivable | $ 2,199 | $ 3,105 | $ 1,352 | $ 2,466 | |
Patapsco Bancorp [Member] | |||||
Business Acquisition [Line Items] | |||||
Contractually Required Payments Receivable | $ 159,858 | ||||
Non-Accretable Credit Adjustments | 1,713 | ||||
Cash Flows Expected To Be Collected | 158,145 | ||||
Accretable FMV Adjustments | 1,238 | ||||
Carrying Value of Loans Receivable | 156,907 | ||||
Performing Loans Acquired [Member] | |||||
Business Acquisition [Line Items] | |||||
Contractually Required Payments Receivable | 156,400 | ||||
Accretable FMV Adjustments | 866 | ||||
Performing Loans Acquired [Member] | Patapsco Bancorp [Member] | |||||
Business Acquisition [Line Items] | |||||
Contractually Required Payments Receivable | 156,393 | ||||
Non-Accretable Credit Adjustments | 0 | ||||
Cash Flows Expected To Be Collected | 156,393 | ||||
Accretable FMV Adjustments | 866 | ||||
Carrying Value of Loans Receivable | 155,527 | ||||
Impaired Loans Acquired [Member] | |||||
Business Acquisition [Line Items] | |||||
Non-Accretable Credit Adjustments | 1,700 | ||||
Impaired Loans Acquired [Member] | Patapsco Bancorp [Member] | |||||
Business Acquisition [Line Items] | |||||
Contractually Required Payments Receivable | 3,465 | ||||
Non-Accretable Credit Adjustments | 1,713 | ||||
Cash Flows Expected To Be Collected | 1,752 | ||||
Accretable FMV Adjustments | 372 | ||||
Carrying Value of Loans Receivable | $ 1,380 |
Business Combinations (Detail35
Business Combinations (Details Textual) $ / shares in Units, $ in Thousands | 1 Months Ended | ||||
Aug. 28, 2015USD ($)Loans$ / sharesshares | Jun. 30, 2016USD ($) | Dec. 31, 2015USD ($) | Jun. 30, 2015USD ($) | Dec. 31, 2014USD ($) | |
Business Acquisition [Line Items] | |||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, Contractually Required Payments Receivable at Acquisition | $ 2,199 | $ 3,105 | $ 1,352 | $ 2,466 | |
Performing Financing Receivable [Member] | |||||
Business Acquisition [Line Items] | |||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, Contractually Required Payments Receivable at Acquisition | $ 156,400 | ||||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Fair Market Value Adjustments | $ 866 | ||||
Number Of Loans | Loans | 1,000 | ||||
Impaired Loans Acquire [Member] | |||||
Business Acquisition [Line Items] | |||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, Contractually Required Payments Receivable at Acquisition | $ 3,500 | ||||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Fair Market Value Adjustments | $ 372 | ||||
Number Of Loans | Loans | 13 | ||||
Impaired Loans Acquired [Member] | |||||
Business Acquisition [Line Items] | |||||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities non Accretable Fair Market Value Adjustments | $ 1,700 | ||||
Patapsco Bancorp Acquisition [Member] | |||||
Business Acquisition [Line Items] | |||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, Contractually Required Payments Receivable at Acquisition | 159,858 | ||||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Fair Market Value Adjustments | 1,238 | ||||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities non Accretable Fair Market Value Adjustments | $ 1,713 | ||||
Business Acquisition Fractional Shares Price Per Share | $ / shares | $ 5.09 | ||||
Business Acquisition Fractional Shares Price | $ / shares | $ 0.3547 | ||||
Percentage Of Shares Exchanged For Cash | 20.00% | ||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 560,891 | ||||
Business Combination, Consideration Transferred, Total | $ 10,064 | ||||
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net, Total | 603 | ||||
Patapsco Bancorp Acquisition [Member] | Performing Financing Receivable [Member] | |||||
Business Acquisition [Line Items] | |||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, Contractually Required Payments Receivable at Acquisition | 156,393 | ||||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Fair Market Value Adjustments | 866 | ||||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities non Accretable Fair Market Value Adjustments | 0 | ||||
Patapsco Bancorp Acquisition [Member] | Impaired Loans Acquired [Member] | |||||
Business Acquisition [Line Items] | |||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, Contractually Required Payments Receivable at Acquisition | 3,465 | ||||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Fair Market Value Adjustments | 372 | ||||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities non Accretable Fair Market Value Adjustments | $ 1,713 |
Investment Securities (Details)
Investment Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $ 57,651 | $ 49,621 |
Gross Unrealized Gains | 46 | 3 |
Gross Unrealized Losses | 4 | 51 |
Estimated Fair Value | 57,693 | 49,573 |
Other Investments [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 1,600 | 1,100 |
Gross Unrealized Gains | 25 | 0 |
Gross Unrealized Losses | 0 | 6 |
Estimated Fair Value | 1,625 | 1,094 |
U.S Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 54,502 | 48,467 |
Gross Unrealized Gains | 19 | 0 |
Gross Unrealized Losses | 4 | 45 |
Estimated Fair Value | 54,517 | 48,422 |
U.S.Government Treasuries [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 1,514 | 0 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 0 | 0 |
Estimated Fair Value | 1,514 | 0 |
Collateralized Mortgage Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 35 | 54 |
Gross Unrealized Gains | 2 | 3 |
Gross Unrealized Losses | 0 | 0 |
Estimated Fair Value | $ 37 | $ 57 |
Investment Securities (Details
Investment Securities (Details 1) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Available For Sale Securities Continuous Unrealized Loss Position [Line Items] | ||
Individual securities, Less than 12 months, Fair Value | $ 19,504 | $ 40,431 |
Individual securities, Less than 12 months, Gross Unrealized Losses | 4 | 51 |
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 | 19,504 | 40,431 |
Individual securities, Total, Gross Unrealized Losses | 4 | 51 |
Other Investments [Member] | ||
Available For Sale Securities Continuous Unrealized Loss Position [Line Items] | ||
Individual securities, Less than 12 months, Fair Value | 0 | 1,000 |
Individual securities, Less than 12 months, Gross Unrealized Losses | 0 | 6 |
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 | 1,000 |
Individual securities, Total, Gross Unrealized Losses | 0 | 6 |
US Government Agencies [Member] | ||
Available For Sale Securities Continuous Unrealized Loss Position [Line Items] | ||
Individual securities, Less than 12 months, Fair Value | 17,990 | 39,431 |
Individual securities, Less than 12 months, Gross Unrealized Losses | 4 | 45 |
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 | 17,990 | 39,431 |
Individual securities, Total, Gross Unrealized Losses | 4 | 45 |
U.S.Government Treasuries [Member] | ||
Available For Sale Securities Continuous Unrealized Loss Position [Line Items] | ||
Individual securities, Less than 12 months, Fair Value | 1,514 | |
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 | 1,514 | |
Individual securities, Total, Gross Unrealized Losses | 0 | |
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 |
Investment Securities (Detail38
Investment Securities (Details 2) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Amounts maturing: | ||
One year or less, Amortized Cost | $ 51,006 | $ 43,465 |
After one through five years, Amortized Cost | 5,009 | 5,002 |
After five through ten years, Amortized Cost | 36 | 54 |
After ten years, Amortized Cost | 1,600 | 1,100 |
Amortized Cost | 57,651 | 49,621 |
One year or less, Estimated Fair value | 51,012 | 43,425 |
After one through five years, Estimated Fair value | 5,019 | 4,997 |
After five through ten years, Estimated Fair value | 37 | 57 |
After ten years, Estimated Fair value | 1,625 | 1,094 |
Estimated Fair Value | $ 57,693 | $ 49,573 |
Investment Securities (Detail39
Investment Securities (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Securities Pledged For Repurchase Agreements [Line Items] | ||
Pledged Assets Separately Reported, Securities Pledged for Repurchase Agreements, at Fair Value | $ 18,600 | $ 22,800 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total | 4 | $ 51 |
US Treasury and Government [Member] | ||
Securities Pledged For Repurchase Agreements [Line Items] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total | 1 | |
U.S Federal Agencies [Member] | ||
Securities Pledged For Repurchase Agreements [Line Items] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss, Total | $ 4 |
Loans and Leases (Details)
Loans and Leases (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | $ 797,146 | $ 760,002 |
Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 563,226 | 510,811 |
Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 233,920 | 249,191 |
Total [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 797,146 | 760,002 |
Construction and Land [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 74,152 | 69,385 |
Construction and Land [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 68,022 | 63,085 |
Construction and Land [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 6,130 | 6,300 |
Residential - First Lien [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 197,734 | 182,988 |
Residential - First Lien [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 107,484 | 89,649 |
Residential - First Lien [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 90,250 | 93,339 |
Residential Junior Lien [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 31,826 | 27,477 |
Residential Junior Lien [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 20,350 | 15,098 |
Residential Junior Lien [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 11,476 | 12,379 |
Residential Real Estate [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 229,560 | 210,465 |
Residential Real Estate [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 127,834 | 104,747 |
Residential Real Estate [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 101,726 | 105,718 |
Commercial - Owner Occupied [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 130,131 | 131,114 |
Commercial - Owner Occupied [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 95,678 | 94,392 |
Commercial - Owner Occupied [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 34,453 | 36,722 |
Commercial-Non-Owner Occupied [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 197,040 | 181,361 |
Commercial-Non-Owner Occupied [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 140,158 | 122,304 |
Commercial-Non-Owner Occupied [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 56,882 | 59,057 |
Commercial Real Estate [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 327,171 | 312,475 |
Commercial Real Estate [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 235,836 | 216,696 |
Commercial Real Estate [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 91,335 | 95,779 |
Real Estate [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 630,883 | 592,325 |
Real Estate [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 431,692 | 384,528 |
Real Estate [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 199,191 | 207,797 |
Commercial Loans and Leases [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 160,967 | 163,424 |
Commercial Loans and Leases [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 128,520 | 124,981 |
Commercial Loans and Leases [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 32,447 | 38,443 |
Consumer Loans [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 5,296 | 4,253 |
Consumer Loans [Member] | Legacy [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | 3,014 | 1,302 |
Consumer Loans [Member] | Acquired [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | $ 2,282 | $ 2,951 |
Loans and Leases (Details 1)
Loans and Leases (Details 1) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Financing Receivable, Impaired [Line Items] | ||
Balance at beginning of period | $ 755,133 | |
Balance at end of period | 791,402 | |
Impaired Financing Receivable [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Balance at beginning of period | 335 | $ 264 |
Accretion of fair value discounts | (186) | (102) |
Balance at end of period | $ 150 | $ 162 |
Loans and Leases (Details 2)
Loans and Leases (Details 2) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Impaired [Line Items] | ||||
Contractually Required Payments Receivable | $ 2,199 | $ 3,105 | $ 1,352 | $ 2,466 |
Carrying Amount | $ 1,294 | $ 1,707 | $ 751 | $ 1,078 |
Loans and Leases (Details Textu
Loans and Leases (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Loans and Leases Receivable [Line Items] | ||
Loans Receivable Held-for-sale, Net | $ 51,010 | $ 49,677 |
Credit Quality Assessment (Deta
Credit Quality Assessment (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for credit losses, Beginning balance | $ 5,256 | $ 3,839 | $ 4,869 | $ 3,602 | |
Allowance for credit losses, Charge-offs | (59) | (481) | (77) | (498) | |
Allowance for credit losses, Recoveries | 32 | 306 | 52 | 310 | |
Allowance for credit losses, Provision for credit losses | 515 | 535 | 900 | 785 | |
Allowance for credit losses, Ending balance | 5,744 | 4,199 | 5,744 | 4,199 | |
Loans, Ending balance | 797,146 | 797,146 | $ 760,002 | ||
Legacy Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance allocated to Individually Evaluated for Impairment | 1,157 | 1,157 | 1,160 | ||
Allowance allocated to Collectively Evaluated for Impairment | 3,678 | 3,678 | 3,298 | ||
Loans, Ending balance | 563,226 | 563,226 | 510,811 | ||
Loans individually evaluated for impairment | 14,224 | 14,224 | 8,618 | ||
Loans collectively evaluated for impairment | 549,002 | 549,002 | 502,193 | ||
Acquired Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance allocated to Individually Evaluated for Impairment | 516 | 516 | 123 | ||
Allowance allocated to Collectively Evaluated for Impairment | 393 | 393 | 288 | ||
Loans, Ending balance | 233,920 | 233,920 | 249,191 | ||
Loans individually evaluated for impairment | 3,824 | 3,824 | 2,624 | ||
Loans collectively evaluated for impairment | 230,096 | 230,096 | 246,567 | ||
Construction and Land [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for credit losses, Beginning balance | 362 | 164 | 265 | 174 | |
Allowance for credit losses, Charge-offs | 0 | 0 | 0 | 0 | |
Allowance for credit losses, Recoveries | 0 | 0 | 0 | 0 | |
Allowance for credit losses, Provision for credit losses | 86 | 340 | 183 | 330 | |
Allowance for credit losses, Ending balance | 448 | 504 | 448 | 504 | |
Loans, Ending balance | 74,152 | 74,152 | 69,385 | ||
Construction and Land [Member] | Legacy Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | 0 | ||
Allowance allocated to Collectively Evaluated for Impairment | 427 | 427 | 257 | ||
Loans, Ending balance | 68,022 | 68,022 | 63,085 | ||
Loans individually evaluated for impairment | 0 | 0 | 0 | ||
Loans collectively evaluated for impairment | 68,022 | 68,022 | 63,085 | ||
Construction and Land [Member] | Acquired Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | 0 | ||
Allowance allocated to Collectively Evaluated for Impairment | 21 | 21 | 8 | ||
Loans, Ending balance | 6,130 | 6,130 | 6,300 | ||
Loans individually evaluated for impairment | 0 | 0 | 0 | ||
Loans collectively evaluated for impairment | 6,130 | 6,130 | 6,300 | ||
Residential - First Lien [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for credit losses, Beginning balance | 349 | 278 | 300 | 272 | |
Allowance for credit losses, Charge-offs | 0 | 0 | 0 | 0 | |
Allowance for credit losses, Recoveries | 0 | 0 | 0 | 3 | |
Allowance for credit losses, Provision for credit losses | 16 | 50 | 65 | 53 | |
Allowance for credit losses, Ending balance | 365 | 328 | 365 | 328 | |
Loans, Ending balance | 197,734 | 197,734 | 182,988 | ||
Residential - First Lien [Member] | Legacy Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | 0 | ||
Allowance allocated to Collectively Evaluated for Impairment | 340 | 340 | 289 | ||
Loans, Ending balance | 107,484 | 107,484 | 89,649 | ||
Loans individually evaluated for impairment | 298 | 298 | 631 | ||
Loans collectively evaluated for impairment | 107,186 | 107,186 | 89,018 | ||
Residential - First Lien [Member] | Acquired Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | 0 | ||
Allowance allocated to Collectively Evaluated for Impairment | 25 | 25 | 11 | ||
Loans, Ending balance | 90,250 | 90,250 | 93,339 | ||
Loans individually evaluated for impairment | 316 | 316 | 363 | ||
Loans collectively evaluated for impairment | 89,934 | 89,934 | 92,976 | ||
Residential - Junior Lien [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for credit losses, Beginning balance | 56 | 55 | 47 | 55 | |
Allowance for credit losses, Charge-offs | 0 | 0 | 0 | 0 | |
Allowance for credit losses, Recoveries | 0 | 0 | 0 | 0 | |
Allowance for credit losses, Provision for credit losses | 14 | (15) | 23 | (15) | |
Allowance for credit losses, Ending balance | 70 | 40 | 70 | 40 | |
Loans, Ending balance | 31,826 | 31,826 | 27,477 | ||
Residential - Junior Lien [Member] | Legacy Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | 0 | ||
Allowance allocated to Collectively Evaluated for Impairment | 55 | 55 | 40 | ||
Loans, Ending balance | 20,350 | 20,350 | 15,098 | ||
Loans individually evaluated for impairment | 0 | 0 | 63 | ||
Loans collectively evaluated for impairment | 20,350 | 20,350 | 15,035 | ||
Residential - Junior Lien [Member] | Acquired Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | 0 | ||
Allowance allocated to Collectively Evaluated for Impairment | 15 | 15 | 7 | ||
Loans, Ending balance | 11,476 | 11,476 | 12,379 | ||
Loans individually evaluated for impairment | 0 | 0 | 0 | ||
Loans collectively evaluated for impairment | 11,476 | 11,476 | 12,379 | ||
Commercial - Owner Occupied [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for credit losses, Beginning balance | 543 | 175 | 309 | 160 | |
Allowance for credit losses, Charge-offs | 0 | 0 | 0 | 0 | |
Allowance for credit losses, Recoveries | 0 | 0 | 0 | 0 | |
Allowance for credit losses, Provision for credit losses | 35 | 91 | 269 | 106 | |
Allowance for credit losses, Ending balance | 578 | 266 | 578 | 266 | |
Loans, Ending balance | 130,131 | 130,131 | 131,114 | ||
Commercial - Owner Occupied [Member] | Legacy Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | 0 | ||
Allowance allocated to Collectively Evaluated for Impairment | 317 | 317 | 262 | ||
Loans, Ending balance | 95,678 | 95,678 | 94,393 | ||
Loans individually evaluated for impairment | 0 | 0 | 0 | ||
Loans collectively evaluated for impairment | 95,678 | 95,678 | 94,393 | ||
Commercial - Owner Occupied [Member] | Acquired Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance allocated to Individually Evaluated for Impairment | 191 | 191 | 0 | ||
Allowance allocated to Collectively Evaluated for Impairment | 70 | 70 | 47 | ||
Loans, Ending balance | 34,453 | 34,453 | 36,722 | ||
Loans individually evaluated for impairment | 347 | 347 | 232 | ||
Loans collectively evaluated for impairment | 34,106 | 34,106 | 36,490 | ||
Commercial - Non-Owner Occupied [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for credit losses, Beginning balance | 838 | 625 | 728 | 562 | |
Allowance for credit losses, Charge-offs | 0 | 0 | 0 | 0 | |
Allowance for credit losses, Recoveries | 1 | 290 | 3 | 290 | |
Allowance for credit losses, Provision for credit losses | 2 | (310) | 110 | (247) | |
Allowance for credit losses, Ending balance | 841 | 605 | 841 | 605 | |
Loans, Ending balance | 197,040 | 197,040 | 181,361 | ||
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 | 0 | ||
Allowance allocated to Collectively Evaluated for Impairment | 717 | 717 | 621 | ||
Loans, Ending balance | 140,158 | 140,158 | 122,304 | ||
Loans individually evaluated for impairment | 2,667 | 2,667 | 2,838 | ||
Loans collectively evaluated for impairment | 137,491 | 137,491 | 119,466 | ||
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 | 0 | ||
Allowance allocated to Collectively Evaluated for Impairment | 124 | 124 | 107 | ||
Loans, Ending balance | 56,882 | 56,882 | 59,057 | ||
Loans individually evaluated for impairment | 610 | 610 | 151 | ||
Loans collectively evaluated for impairment | 56,272 | 56,272 | 58,906 | ||
Commercial - Loan and Leases [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for credit losses, Beginning balance | 3,043 | 2,527 | 3,094 | 2,366 | |
Allowance for credit losses, Charge-offs | (59) | (481) | (66) | (494) | |
Allowance for credit losses, Recoveries | 17 | 16 | 26 | 17 | |
Allowance for credit losses, Provision for credit losses | 282 | 377 | 229 | 550 | |
Allowance for credit losses, Ending balance | 3,283 | 2,439 | 3,283 | 2,439 | |
Commercial - Loan and Leases [Member] | Legacy Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance allocated to Individually Evaluated for Impairment | 1,157 | 1,157 | 1,160 | ||
Allowance allocated to Collectively Evaluated for Impairment | 1,773 | 1,773 | 1,799 | ||
Loans, Ending balance | 128,520 | 128,520 | 124,981 | ||
Loans individually evaluated for impairment | 11,259 | 11,259 | 5,086 | ||
Loans collectively evaluated for impairment | 117,261 | 117,261 | 119,895 | ||
Commercial - Loan and Leases [Member] | Acquired Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance allocated to Individually Evaluated for Impairment | 253 | 253 | 48 | ||
Allowance allocated to Collectively Evaluated for Impairment | 100 | 100 | 87 | ||
Loans, Ending balance | 32,447 | 32,447 | 38,443 | ||
Loans individually evaluated for impairment | 2,411 | 2,411 | 1,728 | ||
Loans collectively evaluated for impairment | 30,036 | 30,036 | 36,715 | ||
Consumer Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for credit losses, Beginning balance | 65 | 15 | 126 | 13 | |
Allowance for credit losses, Charge-offs | 0 | 0 | (11) | (4) | |
Allowance for credit losses, Recoveries | 14 | 0 | 23 | 0 | |
Allowance for credit losses, Provision for credit losses | 80 | 2 | 21 | 8 | |
Allowance for credit losses, Ending balance | 159 | $ 17 | 159 | $ 17 | |
Loans, Ending balance | 5,296 | 5,296 | 4,253 | ||
Consumer Loans [Member] | Legacy Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | 0 | ||
Allowance allocated to Collectively Evaluated for Impairment | 49 | 49 | 30 | ||
Loans, Ending balance | 3,014 | 3,014 | 1,302 | ||
Loans individually evaluated for impairment | 0 | 0 | 0 | ||
Loans collectively evaluated for impairment | 3,014 | 3,014 | 1,302 | ||
Consumer Loans [Member] | Acquired Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance allocated to Individually Evaluated for Impairment | 72 | 72 | 75 | ||
Allowance allocated to Collectively Evaluated for Impairment | 38 | 38 | 21 | ||
Loans, Ending balance | 2,282 | 2,282 | 2,951 | ||
Loans individually evaluated for impairment | 140 | 140 | 150 | ||
Loans collectively evaluated for impairment | $ 2,142 | $ 2,142 | $ 2,801 |
Credit Quality Assessment (De45
Credit Quality Assessment (Details 1) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | $ 797,146 | $ 760,002 |
Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 563,226 | 510,811 |
Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 233,920 | 249,191 |
Not Classified [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 556,619 | 503,820 |
Not Classified [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 228,126 | 246,063 |
Special Mention [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 585 | 614 |
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 | 2,813 | 2,490 |
Substandard [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 2,659 | 519 |
Doubtful [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 3,209 | 3,887 |
Doubtful [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 3,135 | 2,609 |
Construction and Land [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 74,152 | 69,385 |
Construction and Land [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 68,022 | 63,085 |
Construction and Land [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 6,130 | 6,300 |
Construction and Land [Member] | Not Classified [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 68,022 | 63,085 |
Construction and Land [Member] | Not Classified [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 6,130 | 6,300 |
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 | 0 |
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 | 0 | 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 | 197,734 | 182,988 |
Residential - First Lien [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 107,484 | 89,649 |
Residential - First Lien [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 90,250 | 93,339 |
Residential - First Lien [Member] | Not Classified [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 107,186 | 89,081 |
Residential - First Lien [Member] | Not Classified [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 89,138 | 92,975 |
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 | 298 | 410 |
Residential - First Lien [Member] | Substandard [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 795 | 0 |
Residential - First Lien [Member] | Doubtful [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 158 |
Residential - First Lien [Member] | Doubtful [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 317 | 364 |
Residential Junior Lien [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 31,826 | 27,477 |
Residential Junior Lien [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 20,350 | 15,098 |
Residential Junior Lien [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 11,476 | 12,379 |
Residential Junior Lien [Member] | Not Classified [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 20,350 | 15,035 |
Residential Junior Lien [Member] | Not Classified [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 11,476 | 12,379 |
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 | 0 | 0 |
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 | 63 |
Residential Junior Lien [Member] | Doubtful [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Commercial Owner Occupied [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 130,131 | 131,114 |
Commercial Owner Occupied [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 95,678 | 94,393 |
Commercial Owner Occupied [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 34,453 | 36,722 |
Commercial Owner Occupied [Member] | Not Classified [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 95,678 | 94,393 |
Commercial Owner Occupied [Member] | Not Classified [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 34,106 | 36,484 |
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 | 0 | |
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 | 347 | 238 |
Commercial Non Owner Occupied [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 197,040 | 181,361 |
Commercial Non Owner Occupied [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 140,158 | 122,304 |
Commercial Non Owner Occupied [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 56,882 | 59,057 |
Commercial Non Owner Occupied [Member] | Not Classified [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 136,467 | 119,637 |
Commercial Non Owner Occupied [Member] | Not Classified [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 55,097 | 58,393 |
Commercial Non Owner Occupied [Member] | Special Mention [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 585 | 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 | 2,512 | 2,073 |
Commercial Non Owner Occupied [Member] | Substandard [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 1,175 | 519 |
Commercial Non Owner Occupied [Member] | Doubtful [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 594 | 594 |
Commercial Non Owner Occupied [Member] | Doubtful [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 610 | 145 |
Commercial Loan and Leases [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 128,520 | 124,981 |
Commercial Loan and Leases [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 32,447 | 38,443 |
Commercial Loan and Leases [Member] | Not Classified [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 125,902 | 121,288 |
Commercial Loan and Leases [Member] | Not Classified [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 30,037 | 36,731 |
Commercial Loan and Leases [Member] | Special Mention [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 614 |
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 | 3 | 7 |
Commercial Loan and Leases [Member] | Substandard [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 689 | 0 |
Commercial Loan and Leases [Member] | Doubtful [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 2,615 | 3,072 |
Commercial Loan and Leases [Member] | Doubtful [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 1,721 | 1,712 |
Consumer Loan [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 5,296 | 4,253 |
Consumer Loan [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 3,014 | 1,302 |
Consumer Loan [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 2,282 | 2,951 |
Consumer Loan [Member] | Not Classified [Member] | Legacy Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 3,014 | 1,302 |
Consumer Loan [Member] | Not Classified [Member] | Acquired Loans [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 2,142 | 2,801 |
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 | 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 | $ 140 | $ 150 |
Credit Quality Assessment (De46
Credit Quality Assessment (Details 2) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual loans | $ 6,300 | $ 8,000 |
Total loans | 797,146 | 760,002 |
Legacy Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 558,975 | 503,983 |
Total past due | 1,042 | 1,463 |
Non-accrual loans | 3,209 | 5,365 |
Total loans | 563,226 | 510,811 |
Legacy Loans [Member] | 31-59 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 278 |
Legacy Loans [Member] | 60-89 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 600 | 725 |
Legacy Loans [Member] | Greater than 90 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 442 | 460 |
Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 229,089 | 243,426 |
Total past due | 1,696 | 3,141 |
Non-accrual loans | 3,135 | 2,624 |
Total loans | 233,920 | 249,191 |
Acquired Loans [Member] | 31-59 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 28 | 636 |
Acquired Loans [Member] | 60-89 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 928 | 1,149 |
Acquired Loans [Member] | Greater than 90 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 740 | 1,356 |
Construction and Land [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 74,152 | 69,385 |
Construction and Land [Member] | Legacy Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 68,018 | 63,070 |
Total past due | 4 | 15 |
Non-accrual loans | 0 | 0 |
Total loans | 68,022 | 63,085 |
Construction and Land [Member] | Legacy Loans [Member] | 31-59 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 0 |
Construction and Land [Member] | Legacy Loans [Member] | 60-89 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 0 |
Construction and Land [Member] | Legacy Loans [Member] | Greater than 90 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 4 | 15 |
Construction and Land [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 5,370 | 5,924 |
Total past due | 760 | 376 |
Non-accrual loans | 0 | 0 |
Total loans | 6,130 | 6,300 |
Construction and Land [Member] | Acquired Loans [Member] | 31-59 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 67 |
Construction and Land [Member] | Acquired Loans [Member] | 60-89 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 760 | 309 |
Construction and Land [Member] | Acquired Loans [Member] | Greater than 90 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 0 |
Residential - First Lien [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 197,734 | 182,988 |
Residential - First Lien [Member] | Legacy Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 107,484 | 89,319 |
Total past due | 0 | 0 |
Non-accrual loans | 0 | 330 |
Total loans | 107,484 | 89,649 |
Residential - First Lien [Member] | Legacy Loans [Member] | 31-59 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 0 |
Residential - First Lien [Member] | Legacy Loans [Member] | 60-89 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 0 |
Residential - First Lien [Member] | Legacy Loans [Member] | Greater than 90 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 0 |
Residential - First Lien [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 89,511 | 91,936 |
Total past due | 422 | 1,040 |
Non-accrual loans | 317 | 363 |
Total loans | 90,250 | 93,339 |
Residential - First Lien [Member] | Acquired Loans [Member] | 31-59 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 89 |
Residential - First Lien [Member] | Acquired Loans [Member] | 60-89 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 157 | 10 |
Residential - First Lien [Member] | Acquired Loans [Member] | Greater than 90 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 265 | 941 |
Residential Junior Lien [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 31,826 | 27,477 |
Residential Junior Lien [Member] | Legacy Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 20,350 | 15,034 |
Total past due | 0 | 1 |
Non-accrual loans | 0 | 63 |
Total loans | 20,350 | 15,098 |
Residential Junior Lien [Member] | Legacy Loans [Member] | 31-59 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 1 |
Residential Junior Lien [Member] | Legacy Loans [Member] | 60-89 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 0 |
Residential Junior Lien [Member] | Legacy Loans [Member] | Greater than 90 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 0 |
Residential Junior Lien [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 11,416 | 12,290 |
Total past due | 60 | 89 |
Non-accrual loans | 0 | 0 |
Total loans | 11,476 | 12,379 |
Residential Junior Lien [Member] | Acquired Loans [Member] | 31-59 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 26 | 59 |
Residential Junior Lien [Member] | Acquired Loans [Member] | 60-89 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 5 | 0 |
Residential Junior Lien [Member] | Acquired Loans [Member] | Greater than 90 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 29 | 30 |
Commercial Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 130,131 | 131,114 |
Commercial Owner Occupied [Member] | Legacy Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 95,678 | 94,141 |
Total past due | 0 | 252 |
Non-accrual loans | 0 | 0 |
Total loans | 95,678 | 94,393 |
Commercial Owner Occupied [Member] | Legacy Loans [Member] | 31-59 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 252 |
Commercial Owner Occupied [Member] | Legacy Loans [Member] | 60-89 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 0 |
Commercial Owner Occupied [Member] | Legacy Loans [Member] | Greater than 90 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 0 |
Commercial Owner Occupied [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 33,660 | 35,574 |
Total past due | 446 | 916 |
Non-accrual loans | 347 | 232 |
Total loans | 34,453 | 36,722 |
Commercial Owner Occupied [Member] | Acquired Loans [Member] | 31-59 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 73 |
Commercial Owner Occupied [Member] | Acquired Loans [Member] | 60-89 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 607 |
Commercial Owner Occupied [Member] | Acquired Loans [Member] | Greater than 90 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 446 | 236 |
Commercial Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 197,040 | 181,361 |
Commercial Non Owner Occupied [Member] | Legacy Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 139,126 | 121,094 |
Total past due | 438 | 445 |
Non-accrual loans | 594 | 765 |
Total loans | 140,158 | 122,304 |
Commercial Non Owner Occupied [Member] | Legacy Loans [Member] | 31-59 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 0 |
Commercial Non Owner Occupied [Member] | Legacy Loans [Member] | 60-89 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 0 |
Commercial Non Owner Occupied [Member] | Legacy Loans [Member] | Greater than 90 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 438 | 445 |
Commercial Non Owner Occupied [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 56,272 | 58,369 |
Total past due | 0 | 537 |
Non-accrual loans | 610 | 151 |
Total loans | 56,882 | 59,057 |
Commercial Non Owner Occupied [Member] | Acquired Loans [Member] | 31-59 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 337 |
Commercial Non Owner Occupied [Member] | Acquired Loans [Member] | 60-89 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 200 |
Commercial Non Owner Occupied [Member] | Acquired Loans [Member] | Greater than 90 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 0 |
Commercial Loan and Leases [Member] | Legacy Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 125,305 | 120,025 |
Total past due | 600 | 749 |
Non-accrual loans | 2,615 | 4,207 |
Total loans | 128,520 | 124,981 |
Commercial Loan and Leases [Member] | Legacy Loans [Member] | 31-59 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 24 |
Commercial Loan and Leases [Member] | Legacy Loans [Member] | 60-89 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 600 | 725 |
Commercial Loan and Leases [Member] | Legacy Loans [Member] | Greater than 90 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 0 |
Commercial Loan and Leases [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 30,726 | 36,568 |
Total past due | 0 | 147 |
Non-accrual loans | 1,721 | 1,728 |
Total loans | 32,447 | 38,443 |
Commercial Loan and Leases [Member] | Acquired Loans [Member] | 31-59 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 0 |
Commercial Loan and Leases [Member] | Acquired Loans [Member] | 60-89 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 0 |
Commercial Loan and Leases [Member] | Acquired Loans [Member] | Greater than 90 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 147 |
Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 5,296 | 4,253 |
Consumer Loan [Member] | Legacy Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 3,014 | 1,301 |
Total past due | 0 | 1 |
Non-accrual loans | 0 | 0 |
Total loans | 3,014 | 1,302 |
Consumer Loan [Member] | Legacy Loans [Member] | 31-59 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 1 |
Consumer Loan [Member] | Legacy Loans [Member] | 60-89 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 0 |
Consumer Loan [Member] | Legacy Loans [Member] | Greater than 90 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 0 | 0 |
Consumer Loan [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing loans current | 2,134 | 2,765 |
Total past due | 8 | 36 |
Non-accrual loans | 140 | 150 |
Total loans | 2,282 | 2,951 |
Consumer Loan [Member] | Acquired Loans [Member] | 31-59 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 2 | 11 |
Consumer Loan [Member] | Acquired Loans [Member] | 60-89 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 6 | 23 |
Consumer Loan [Member] | Acquired Loans [Member] | Greater than 90 days past due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | $ 0 | $ 2 |
Credit Quality Assessment (De47
Credit Quality Assessment (Details 3) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | Dec. 31, 2014 | |
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | $ 1,294 | $ 1,294 | $ 1,707 | $ 751 | $ 1,078 |
Legacy Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 6,402 | 6,402 | 8,618 | ||
With an allowance recorded | 1,555 | 1,555 | 1,160 | ||
With no related allowance recorded | 4,847 | 4,847 | 7,458 | ||
Related allowance | 1,157 | 1,157 | 1,160 | ||
Unpaid principal | 6,402 | 6,402 | 8,618 | ||
Average balance of impaired loans | 7,026 | 7,131 | 11,311 | ||
Interest income recognized | 65 | 99 | 432 | ||
Acquired Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 3,824 | 3,824 | 2,624 | ||
With an allowance recorded | 1,315 | 1,315 | 123 | ||
With no related allowance recorded | 2,509 | 2,509 | 2,501 | ||
Related allowance | 516 | 516 | 123 | ||
Unpaid principal | 4,789 | 4,789 | 4,022 | ||
Average balance of impaired loans | 9,969 | 10,009 | 1,711 | ||
Interest income recognized | 59 | 107 | 25 | ||
Construction and Land [Member] | Legacy Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 0 | 0 | 0 | ||
With an allowance recorded | 0 | 0 | 0 | ||
With no related allowance recorded | 0 | 0 | 0 | ||
Related allowance | 0 | 0 | 0 | ||
Unpaid principal | 0 | 0 | 0 | ||
Average balance of impaired loans | 0 | 0 | 0 | ||
Interest income recognized | 0 | 0 | 0 | ||
Construction and Land [Member] | Acquired Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 0 | 0 | 0 | ||
With an allowance recorded | 0 | 0 | 0 | ||
With no related allowance recorded | 0 | 0 | 0 | ||
Related allowance | 0 | 0 | 0 | ||
Unpaid principal | 0 | 0 | 0 | ||
Average balance of impaired loans | 0 | 0 | 0 | ||
Interest income recognized | 0 | 0 | 0 | ||
Residential - First Lien [Member] | Legacy Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 298 | 298 | 631 | ||
With an allowance recorded | 0 | 0 | 0 | ||
With no related allowance recorded | 298 | 298 | 631 | ||
Related allowance | 0 | 0 | 0 | ||
Unpaid principal | 298 | 298 | 631 | ||
Average balance of impaired loans | 323 | 324 | 622 | ||
Interest income recognized | 10 | 10 | 29 | ||
Residential - First Lien [Member] | Acquired Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 316 | 316 | 363 | ||
With an allowance recorded | 0 | 0 | 0 | ||
With no related allowance recorded | 316 | 316 | 363 | ||
Related allowance | 0 | 0 | 0 | ||
Unpaid principal | 329 | 329 | 426 | ||
Average balance of impaired loans | 372 | 372 | 444 | ||
Interest income recognized | 6 | 10 | 8 | ||
Residential Junior Lien [Member] | Legacy Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 0 | 0 | 63 | ||
With an allowance recorded | 0 | 0 | 0 | ||
With no related allowance recorded | 0 | 0 | 63 | ||
Related allowance | 0 | 0 | 0 | ||
Unpaid principal | 0 | 0 | 63 | ||
Average balance of impaired loans | 0 | 0 | 74 | ||
Interest income recognized | 0 | 0 | 0 | ||
Residential Junior Lien [Member] | Acquired Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 0 | 0 | 0 | ||
With an allowance recorded | 0 | 0 | 0 | ||
With no related allowance recorded | 0 | 0 | 0 | ||
Related allowance | 0 | 0 | 0 | ||
Unpaid principal | 0 | 0 | 0 | ||
Average balance of impaired loans | 0 | 0 | 0 | ||
Interest income recognized | 0 | 0 | 0 | ||
Commercial Owner Occupied [Member] | Legacy Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 0 | 0 | 0 | ||
With an allowance recorded | 0 | 0 | 0 | ||
With no related allowance recorded | 0 | 0 | 0 | ||
Related allowance | 0 | 0 | 0 | ||
Unpaid principal | 0 | 0 | 0 | ||
Average balance of impaired loans | 0 | 0 | 0 | ||
Interest income recognized | 0 | 0 | 0 | ||
Commercial Owner Occupied [Member] | Acquired Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 347 | 347 | 232 | ||
With an allowance recorded | 191 | 191 | 0 | ||
With no related allowance recorded | 156 | 156 | 232 | ||
Related allowance | 191 | 191 | 0 | ||
Unpaid principal | 494 | 494 | 402 | ||
Average balance of impaired loans | 634 | 637 | 197 | ||
Interest income recognized | 0 | 0 | 8 | ||
Commercial Non Owner Occupied [Member] | Legacy Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 2,667 | 2,667 | 2,838 | ||
With an allowance recorded | 0 | 0 | 0 | ||
With no related allowance recorded | 2,667 | 2,667 | 2,838 | ||
Related allowance | 0 | 0 | 0 | ||
Unpaid principal | 2,667 | 2,667 | 2,838 | ||
Average balance of impaired loans | 2,667 | 2,667 | 3,417 | ||
Interest income recognized | 0 | 0 | 119 | ||
Commercial Non Owner Occupied [Member] | Acquired Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 610 | 610 | 151 | ||
With an allowance recorded | 0 | 0 | 0 | ||
With no related allowance recorded | 610 | 610 | 151 | ||
Related allowance | 0 | 0 | 0 | ||
Unpaid principal | 773 | 773 | 302 | ||
Average balance of impaired loans | 925 | 929 | 63 | ||
Interest income recognized | 8 | 8 | 0 | ||
Commercial Loan and Leases [Member] | Legacy Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 3,437 | 3,437 | 5,086 | ||
With an allowance recorded | 1,555 | 1,555 | 1,160 | ||
With no related allowance recorded | 1,882 | 1,882 | 3,926 | ||
Related allowance | 1,157 | 1,157 | 1,160 | ||
Unpaid principal | 3,437 | 3,437 | 5,086 | ||
Average balance of impaired loans | 4,036 | 4,140 | 7,198 | ||
Interest income recognized | 55 | 89 | 284 | ||
Commercial Loan and Leases [Member] | Acquired Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 2,411 | 2,411 | 1,728 | ||
With an allowance recorded | 984 | 984 | 48 | ||
With no related allowance recorded | 1,427 | 1,427 | 1,680 | ||
Related allowance | 253 | 253 | 48 | ||
Unpaid principal | 3,047 | 3,047 | 2,742 | ||
Average balance of impaired loans | 7,891 | 7,923 | 901 | ||
Interest income recognized | 44 | 88 | 3 | ||
Consumer Loan [Member] | Legacy Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 0 | 0 | 0 | ||
With an allowance recorded | 0 | 0 | 0 | ||
With no related allowance recorded | 0 | 0 | 0 | ||
Related allowance | 0 | 0 | 0 | ||
Unpaid principal | 0 | 0 | 0 | ||
Average balance of impaired loans | 0 | 0 | 0 | ||
Interest income recognized | 0 | 0 | 0 | ||
Consumer Loan [Member] | Acquired Loans [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 140 | 140 | 150 | ||
With an allowance recorded | 140 | 140 | 75 | ||
With no related allowance recorded | 0 | 0 | 75 | ||
Related allowance | 72 | 72 | 75 | ||
Unpaid principal | 146 | 146 | 150 | ||
Average balance of impaired loans | 147 | 148 | 106 | ||
Interest income recognized | $ 1 | $ 1 | $ 6 |
Credit Quality Assessment (De48
Credit Quality Assessment (Details 4) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016USD ($)Number | Dec. 31, 2015USD ($)Number | |
Trouble Debt Restructured Loans [Line Items] | ||
Number of Loans | Number | 4 | 2 |
Non-Accrual Status | $ 1,024 | $ 744 |
Number of Loans | Number | 3 | 3 |
Accrual Status | $ 2,373 | $ 2,381 |
Total TDRs | $ 3,397 | $ 3,125 |
Residential Real Estate First Lien [Member] | ||
Trouble Debt Restructured Loans [Line Items] | ||
Number of Loans | Number | 0 | 0 |
Non-Accrual Status | $ 0 | $ 0 |
Number of Loans | Number | 1 | 1 |
Accrual Status | $ 298 | $ 301 |
Total TDRs | $ 298 | $ 301 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Trouble Debt Restructured Loans [Line Items] | ||
Number of Loans | Number | 1 | 1 |
Non-Accrual Status | $ 594 | $ 594 |
Number of Loans | Number | 1 | 1 |
Accrual Status | $ 2,073 | $ 2,073 |
Total TDRs | $ 2,667 | $ 2,667 |
Commercial Loan and Leases [Member] | ||
Trouble Debt Restructured Loans [Line Items] | ||
Number of Loans | Number | 2 | 0 |
Non-Accrual Status | $ 290 | $ 0 |
Number of Loans | Number | 1 | 1 |
Accrual Status | $ 2 | $ 7 |
Total TDRs | $ 292 | $ 7 |
Consumer Loan [Member] | ||
Trouble Debt Restructured Loans [Line Items] | ||
Number of Loans | Number | 1 | 1 |
Non-Accrual Status | $ 140 | $ 150 |
Number of Loans | Number | 0 | 0 |
Accrual Status | $ 0 | $ 0 |
Total TDRs | $ 140 | $ 150 |
Credit Quality Assessment (De49
Credit Quality Assessment (Details 5) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | $ 3,397 | $ 3,125 |
Commercial - non-owner occupied Rate modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 2,667 | 2,667 |
Consumer Loans And Extension Or Other Modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 140 | 150 |
Commercial And Forbearance Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 290 | |
Commercial And Modifications [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 2 | 7 |
Residential Real Estate First Lien [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 298 | 301 |
Nonperforming Financing Receivable [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 1,024 | 744 |
Nonperforming Financing Receivable [Member] | Commercial - non-owner occupied Rate modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 594 | 594 |
Nonperforming Financing Receivable [Member] | Consumer Loans And Extension Or Other Modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 140 | 150 |
Nonperforming Financing Receivable [Member] | Commercial And Forbearance Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 290 | |
Nonperforming Financing Receivable [Member] | Commercial And Modifications [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 0 | 0 |
Nonperforming Financing Receivable [Member] | Residential Real Estate First Lien [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 0 | 0 |
Performing Financing Receivable [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 2,373 | 2,381 |
Performing Financing Receivable [Member] | Commercial - non-owner occupied Rate modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 2,073 | 2,073 |
Performing Financing Receivable [Member] | Consumer Loans And Extension Or Other Modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 0 | 0 |
Performing Financing Receivable [Member] | Commercial And Forbearance Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 0 | |
Performing Financing Receivable [Member] | Commercial And Modifications [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 2 | 7 |
Performing Financing Receivable [Member] | Residential Real Estate First Lien [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | $ 298 | $ 301 |
Credit Quality Assessment (De50
Credit Quality Assessment (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Credit Quality Indicator [Line Items] | |||||
Delinquent Loans, Outstanding Nonaccrual Status | $ 7,500 | $ 7,500 | $ 9,800 | ||
Non-Accrual Delinquent Loans Outstanding, Percentage | 9.40% | 9.40% | 1.30% | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 6,300 | $ 6,300 | $ 8,000 | ||
Impaired Financing Receivable Interest Income Non Accrual Method | 252 | ||||
Real Estate Owned, Valuation Allowance, Provision | 83 | $ 0 | 83 | $ 0 | |
Financing Receivable, Modifications, Recorded Investment | 3,397 | 3,397 | $ 3,125 | ||
Commercial And Forbearance Loans [Member] | |||||
Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Modifications, Recorded Investment | $ 290 | $ 290 |
Goodwill and Other Intangible51
Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Goodwill | $ 603 | $ 603 |
Banking [Member] | ||
Goodwill | $ 603 |
Goodwill and Other Intangible52
Goodwill and Other Intangible Assets (Details 1) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016 | Dec. 31, 2015 | |
Finite-Lived Intangible Assets [Line Items] | ||
Net Carrying Amount | $ 2,550 | $ 2,903 |
Core Deposits [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 3,540 | 3,540 |
Accumulated Amortization | 990 | 637 |
Net Carrying Amount | $ 2,550 | $ 2,903 |
Weighted Average Remaining Life (in Years) | 7 years 1 month 10 days | 7 years 7 months 10 days |
Goodwill and Other Intangible53
Goodwill and Other Intangible Assets (Details 2) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Finite-Lived Intangible Assets [Line Items] | ||
2,016 | $ 302 | |
2,017 | 506 | |
2,018 | 396 | |
2,019 | 314 | |
2,020 | 269 | |
Thereafter | 763 | |
Total amortizing intangible assets | $ 2,550 | $ 2,903 |
Deposits (Details)
Deposits (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Deposits [Line Items] | ||
Noninterest-bearing demand | $ 179,699 | $ 173,689 |
Interest-bearing checking | 58,051 | 54,014 |
Money market accounts | 259,382 | 230,661 |
Savings | 53,184 | 51,989 |
Certificates of deposit $250,000 and over | 12,975 | 15,749 |
Certificates of deposit under $250,000 | 234,827 | 221,306 |
Total deposits | $ 798,118 | $ 747,408 |
Percentage of Noninterest-bearing demand | 23.00% | 23.00% |
Percentage of Interest-bearing checking | 7.00% | 7.00% |
Percentage of Money market accounts | 32.00% | 31.00% |
Percentage of Savings | 7.00% | 7.00% |
Percentage of Certificates of deposit $250,000 and over | 2.00% | 2.00% |
Percentage of Certificates of deposit under $250,000 | 29.00% | 30.00% |
Percentage of Total deposits | 100.00% | 100.00% |
Stock Options and Stock Award55
Stock Options and Stock Awards (Details) - Employee Stock Option [Member] - $ / shares | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016 | Dec. 31, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Shares, Beginning Balance | 137,463 | 264,652 |
Shares, Granted | 0 | 0 |
Shares, Exercised | (1,740) | (62,287) |
Shares, Forfeited | (7,350) | (64,902) |
Shares, Ending Balance | 128,373 | 137,463 |
Shares, Exercisable at period end | 128,373 | 137,463 |
Weighted Average Exercise Price, Beginning Balance | $ 12.3 | $ 11.75 |
Weighted Average Exercise Price, Granted | 0 | 0 |
Weighted Average Exercise Price, Exercised | 11 | 10.48 |
Weighted Average Exercise Price, Forfeited | 12.04 | 11.83 |
Weighted Average Exercise Price, Ending Balance | 12.33 | 12.3 |
Weighted Average Exercise Price, Exercisable at period end | 12.33 | 12.3 |
Weighted average fair value of options granted during the year | $ 0 | $ 0 |
Stock Options and Stock Award56
Stock Options and Stock Awards (Details 1) - Restricted Stock [Member] - $ / shares | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016 | Dec. 31, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Shares, Beginning Balance | 8,330 | 33,330 |
Shares, Granted | 0 | 0 |
Shares, Vested | (8,330) | (18,336) |
Shares, Forfeited | 0 | (6,664) |
Shares, Ending Balance | 0 | 8,330 |
Weighted Average Grant Date Fair Value, Beginning Balance | $ 6.92 | $ 6.89 |
Weighted Average Grant Date Fair Value, Granted | 0 | 0 |
Weighted Average Grant Date Fair Value, Vested | 6.92 | 6.89 |
Weighted Average Grant Date Fair Value, Forfeited | 0 | 6.85 |
Weighted Average Grant Date Fair Value, Ending Balance | $ 0 | $ 6.92 |
Stock Options and Stock Award57
Stock Options and Stock Awards (Details 2) - Restricted Stock Units (RSUs) [Member] - $ / shares | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016 | Dec. 31, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Shares, Beginning Balance | 74,828 | 44,500 |
Shares, Granted | 15,000 | 73,500 |
Shares, Vested | (10,333) | (19,836) |
Shares, Forfeited | (3,500) | (23,336) |
Shares, Ending Balance | 75,995 | 74,828 |
Weighted Average Grant Date Fair Value, Beginning Balance | $ 13.23 | $ 11.21 |
Weighted Average Grant Date Fair Value, Granted | 12.8 | 14 |
Weighted Average Grant Date Fair Value, Vested | 12.78 | 11.64 |
Weighted Average Grant Date Fair Value, Forfeited | 13.62 | (12.84) |
Weighted Average Grant Date Fair Value, Ending Balance | $ 13.16 | $ 13.23 |
Stock Options and Stock Award58
Stock Options and Stock Awards (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 | 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 | $ 13 | $ 13 | $ 13.24 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding | $ 157 | $ 157 | $ 185 | |
Share-based Goods and Nonemployee Services Transaction, Shares Approved for Issuance | 3,750 | |||
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 | |||
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 | 15,000 | |||
Allocated Share-based Compensation Expense | $ 171 | $ 375 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 810 | 810 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights | 43,500 of the RSUs subject to a three year vesting schedule with one-third of the RSUs vesting each year on the grant date anniversary. The remaining 30,000 awarded RSUs also are subject to a three year vesting schedule; they only vest, however, if certain annual performance measures are satisfactorily achieved. | 19,500 of the RSUs subject to a three year vesting schedule with one-third of the RSUs vesting each year on the grant date anniversary. The remaining 25,000 awarded RSUs also are subject to a three year vesting schedule; they only vest, however, if certain annual performance measures are satisfactorily achieved. | ||
Restricted Stock Units (RSUs) [Member] | Share-based Compensation Award, Tranche One [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 | 73,500 | 44,500 | ||
Restricted Stock Units (RSUs) [Member] | Share-based Compensation Award, Tranche Two [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 | 43,500 | 19,500 | ||
Restricted Stock Units (RSUs) [Member] | Share-based Compensation Award, Tranche Three [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 | 30,000 | 25,000 | ||
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 | $ 47 | $ 95 |
Benefit Plans (Details Textual)
Benefit Plans (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
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 | $ 312 | $ 258 | |||
Supplemental Executive Retirement Plan [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Defined Benefit Plan, Contributions by Employer | $ 61 | $ 23 | $ 121 | $ 45 | |
Supplemental Executive Retirement Plan Description | Under the defined benefit SERP, Ms. Scully will receive $150,000 each year for 15 years after attainment of the Normal Retirement Age (as defined in the SERP). | ||||
Maximum [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Defined Contribution Plan, Employer Matching Contribution, Percent | 4.00% |
Income per Common Share (Detail
Income per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Earnings Per Share Basic And Diluted [Line Items] | ||||
Net income | $ 1,641 | $ 791 | $ 2,601 | $ 1,440 |
Preferred stock dividends | (109) | (31) | (166) | (63) |
Net income available to common shareholders (numerator) | $ 1,532 | $ 760 | $ 2,435 | $ 1,377 |
BASIC | ||||
Basic average common shares outstanding (denominator) | 6,970,876 | 4,841,538 | 6,963,199 | 4,478,972 |
Basic income per common share (in dollars per share) | $ 0.22 | $ 0.16 | $ 0.35 | $ 0.31 |
DILUTED | ||||
Average common shares outstanding | 6,970,876 | 4,841,538 | 6,963,199 | 4,478,972 |
Dilutive effect of common stock equivalents | 90,991 | 118,919 | 93,083 | 114,420 |
Diluted average common shares outstanding (denominator) | 7,061,867 | 4,960,457 | 7,056,282 | 4,593,392 |
Diluted income per common share (in dollars per share) | $ 0.22 | $ 0.15 | $ 0.35 | $ 0.30 |
Common stock equivalents outstanding that are anti-dilutive and thus excluded from calculation of diluted number of shares presented above | 79,911 | 77,690 | 75,711 | 77,690 |
Risk-Based Capital (Details)
Risk-Based Capital (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jan. 31, 2015 |
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 | $ 91,752 | $ 87,860 | |
Total capital (to risk-weighted assets) Actual ratio | 10.89% | 11.07% | |
Total capital (to risk-weighted assets) For capital adequacy purposes amount | $ 67,378 | $ 63,482 | |
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 | $ 84,222 | $ 79,353 | |
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 | $ 86,000 | $ 82,991 | |
Tier 1 capital (to risk-weighted assets) Actual ratio | 10.21% | 10.46% | |
Common equity tier 1 capital (to risk-weighted assets) Actual amount | $ 86,000 | $ 82,991 | |
Common equity tier 1 capital (to risk-weighted assets) Actual ratio | 10.21% | 10.46% | |
Common equity tier 1 capital (to risk-weighted assets) For capital adequacy purposes amount | $ 37,900 | $ 35,709 | |
Common equity tier 1 capital (to risk-weighted assets) For capital adequacy purposes ratio | 4.50% | 4.50% | |
Common equity tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions amount | $ 54,744 | $ 51,579 | |
Common equity tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions ratio | 6.50% | 6.50% | |
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes amount | $ 50,533 | $ 47,612 | |
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes ratio | 6.00% | 6.00% | |
Tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions amount | $ 67,378 | $ 63,482 | |
Tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions ratio | 8.00% | 8.00% | |
Tier 1 capital (to average assets) Actual amount | $ 86,000 | $ 82,991 | |
Tier 1 capital (to average assets) Actual ratio | 8.85% | 9.04% | |
Tier 1 capital (to average assets) For capital adequacy purposes amount | $ 38,885 | $ 36,703 | |
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 | $ 48,607 | $ 45,879 | |
Tier 1 capital (to average assets) To be well capitalized under the FDICIA prompt corrective action provisions ratio | 5.00% | 5.00% | |
Howard Bancorp [Member] | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Total capital (to risk-weighted assets) Actual amount | $ 90,320 | $ 95,737 | |
Total capital (to risk-weighted assets) Actual ratio | 10.80% | 12.09% | |
Total capital (to risk-weighted assets) For capital adequacy purposes amount | $ 66,928 | $ 63,370 | |
Total capital (to risk-weighted assets) For capital adequacy purposes ratio | 8.00% | 8.00% | |
Tier 1 capital (to risk-weighted assets) Actual amount | $ 81,157 | $ 90,868 | |
Tier 1 capital (to risk-weighted assets) Actual ratio | 9.70% | 11.47% | |
Common equity tier 1 capital (to risk-weighted assets) Actual amount | $ 81,157 | $ 90,868 | |
Common equity tier 1 capital (to risk-weighted assets) Actual ratio | 9.70% | 11.47% | |
Common equity tier 1 capital (to risk-weighted assets) For capital adequacy purposes amount | $ 37,647 | $ 35,646 | |
Common equity tier 1 capital (to risk-weighted assets) For capital adequacy purposes ratio | 4.50% | 4.50% | |
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes amount | $ 50,196 | $ 47,528 | |
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes ratio | 6.00% | 6.00% | |
Tier 1 capital (to average assets) Actual amount | $ 81,157 | $ 90,868 | |
Tier 1 capital (to average assets) Actual ratio | 8.36% | 9.90% | |
Tier 1 capital (to average assets) For capital adequacy purposes amount | $ 38,844 | $ 36,710 | |
Tier 1 capital (to average assets) For capital adequacy purposes ratio | 4.00% | 4.00% |
Risk-Based Capital (Details Tex
Risk-Based Capital (Details Textual) | 1 Months Ended | 6 Months Ended |
Jan. 31, 2015 | Jun. 30, 2016 | |
Schedule of regulatory matters [Line Items] | ||
Derivative Conversion Factors | One of four credit conversion factors (0%, 20%, 50% and 100%) is assigned to loan commitments based on the likelihood of the off-balance sheet item becoming an asset. | |
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 | 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, which became effective on January 1, 2015, applies to all depository institutions, top-tier bank holding companies with total consolidated assets of $1 billion or more and top-tier savings and loan holding companies. The Company will become subject to the final rule as administered by the Board of Governors of the Federal Reserve if and when the Company reaches $1 billion in total consolidated assets. |
Preferred Stock (Details Textua
Preferred Stock (Details Textual) - USD ($) | May 06, 2016 | Sep. 22, 2011 | Jun. 30, 2016 | Dec. 31, 2015 |
Preferred Stock [Line Items] | ||||
Preferred Stock, Shares Issued | 0 | 12,562 | ||
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ 0 | $ 1,000 | ||
Preferred Stock, Value, Issued | $ 0 | $ 12,562,000 | ||
Assets | $ 988,818,000 | $ 946,759,000 | ||
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 | |||
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 | |||
Series AA Preferred Stock [Member] | ||||
Preferred Stock [Line Items] | ||||
Preferred Stock Redemption Number Of Shares Redeemed | 12,562 | |||
Preferred Stock, Redemption Amount | $ 12,562,000 | |||
Proceeds from Bank Debt | $ 12,562,000 | |||
Series AA Preferred Stock [Member] | Raymond James Bank Variable Rate Debt [Member] | ||||
Preferred Stock [Line Items] | ||||
Debt Instrument, Description of Variable Rate Basis | interest only payments based upon 30 day LIBOR plus 300 basis points. | |||
Debt Instrument, Term | 1 year |
Fair Value (Details)
Fair Value (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | $ 57,693 | $ 49,573 |
Loans held for sale | 51,010 | 49,677 |
Loans held for investment Fair value | 13,187 | |
U.S. Government agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 54,517 | 48,422 |
Mortgage backed securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 37 | 57 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 51,010 | 49,677 |
Loans held for investment Fair value | 13,187 | |
Rate lock commitments | 661 | 508 |
Fair Value, Measurements, Recurring [Member] | U.S. Government agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 54,517 | 48,422 |
Fair Value, Measurements, Recurring [Member] | Mortgage backed securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 37 | 57 |
Fair Value, Measurements, Recurring [Member] | Other Investments [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 1,625 | 1,094 |
Fair Value, Measurements, Recurring [Member] | US Treasury and Government [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 1,514 | |
Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for investment Fair value | 0 | |
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 |
Loans held for investment Fair value | 0 | |
Rate lock commitments | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | U.S. Government 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] | 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 1 [Member] | Fair Value, Measurements, Recurring [Member] | Other Investments [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 and Government [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 0 | |
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for investment Fair value | 13,187 | |
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 | 51,010 | 49,677 |
Loans held for investment Fair value | 13,187 | |
Rate lock commitments | 661 | 508 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | U.S. Government agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 54,517 | 48,422 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage backed securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 37 | 57 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Other Investments [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 1,625 | 1,094 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury and Government [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 1,514 | |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for investment Fair value | 0 | |
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 |
Loans held for investment Fair value | 0 | |
Rate lock commitments | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | U.S. Government 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] | 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 3 [Member] | Fair Value, Measurements, Recurring [Member] | Other Investments [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 and Government [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | $ 0 |
Fair Value (Details 1)
Fair Value (Details 1) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016 | Dec. 31, 2015 | |
Loans held for investment Fair value | $ 13,187 | |
Difference, Loans held for investment | 1,100 | $ 69 |
Loans held for investment [Member] | ||
Loans held for investment Fair value | 13,187 | |
Aggregate Unpaid Principal, Loans held for investment | 12,371 | |
Difference, Loans held for investment | 816 | |
Loans held for sale [Member] | ||
Carrying Fair Value Amount, Loans held for sale | 51,010 | 49,677 |
Aggregate Unpaid Principal, Loans held for investment | 49,490 | 48,395 |
Difference, Loans held for investment | $ 1,520 | $ 1,282 |
Fair Value (Details 2)
Fair Value (Details 2) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | $ 2,286 | $ 2,369 |
Loans held for sale | 51,010 | 49,677 |
Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 5,200 | |
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 | 2,286 | 2,369 |
Fair Value, Measurements, Nonrecurring [Member] | Construction and Land [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Residential - First Lien [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 542 | 994 |
Fair Value, Measurements, Nonrecurring [Member] | Residential Junior Lien [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 63 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 156 | 232 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Non Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 3,277 | 2,989 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Loan and Leases [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 4,438 | 5,606 |
Fair Value, Measurements, Nonrecurring [Member] | Consumer Loan [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 140 | 75 |
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] | ||
Loans held for sale | 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] | ||
Loans held for sale | 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] | ||
Loans held for sale | 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] | ||
Loans held for sale | 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] | ||
Loans held for sale | 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] | ||
Loans held for sale | 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] | ||
Loans held for sale | 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] | ||
Loans held for sale | 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] | ||
Loans held for sale | 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] | ||
Loans held for sale | 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] | ||
Loans held for sale | 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] | ||
Loans held for sale | 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] | ||
Loans held for sale | 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] | ||
Loans held for sale | 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 | 2,286 | 2,369 |
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] | ||
Loans held for sale | 0 | 0 |
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] | ||
Loans held for sale | 542 | 994 |
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] | ||
Loans held for sale | 0 | 63 |
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] | ||
Loans held for sale | 156 | 232 |
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] | ||
Loans held for sale | 3,277 | 2,989 |
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] | ||
Loans held for sale | 4,438 | 5,606 |
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] | ||
Loans held for sale | $ 140 | $ 75 |
Fair Value (Details 3)
Fair Value (Details 3) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Financial Assets | ||
Cash and cash equivalents, Carrying Value | $ 49,573 | |
Investment securities, Carrying Value | $ 57,693 | 49,573 |
Nonmarketable equity securities, Carrying Value | 3,934 | 4,163 |
Loans held for sale, Carrying Value | 51,010 | 49,677 |
Loans held for investment, Carrying Value | 13,187 | |
Rate lock commitments, Carrying Value | 661 | 508 |
Loans and leases, Carrying Value | 778,215 | 755,133 |
Investment securities, Fair value | 57,693 | 49,573 |
Nonmarketable equity securities, Fair value | 3,934 | 4,163 |
Loans held for sale, Fair value | 51,010 | 49,677 |
Loans held for investment Fair value | 13,187 | |
Rate lock commitments, Fair Value | 661 | 508 |
Loans and leases, Fair Value | 780,507 | 760,562 |
Financial Liabilities | ||
Deposits, Carrying Value | 798,118 | 747,408 |
Short-term borrowings, Carrying Value | 62,147 | 69,121 |
Long-term borrowings, Carrying Value | 39,226 | 29,707 |
Deposits, Fair value | 797,588 | 747,938 |
Short-term borrowings, Fair value | 62,147 | 69,121 |
Long-term borrowings, Fair value | 39,374 | 29,911 |
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 |
Loans held for investment Fair value | 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 | 57,693 | 49,573 |
Nonmarketable equity securities, Fair value | 3,934 | 4,163 |
Loans held for sale, Fair value | 51,010 | 49,677 |
Loans held for investment Fair value | 13,187 | |
Rate lock commitments, Fair Value | 661 | 508 |
Loans and leases, Fair Value | 0 | 0 |
Financial Liabilities | ||
Deposits, Fair value | 797,588 | 747,938 |
Short-term borrowings, Fair value | 62,147 | 69,121 |
Long-term borrowings, Fair value | 39,374 | 29,911 |
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 |
Loans held for investment Fair value | 0 | |
Rate lock commitments, Fair Value | 0 | 0 |
Loans and leases, Fair Value | 780,507 | 760,562 |
Financial Liabilities | ||
Deposits, Fair value | 0 | 0 |
Short-term borrowings, Fair value | 0 | 0 |
Long-term borrowings, Fair value | $ 0 | $ 0 |
Fair Value (Details Textual)
Fair Value (Details Textual) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016 | Dec. 31, 2015 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other Real Estate, Total | $ 2,286 | $ 2,369 |
Fair Value, Option, Changes in Fair Value, Gain (Loss) | 1,100 | 69 |
Other Real Estate, Period Increase (Decrease), Total | 83 | 736 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 219 | |
Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other Real Estate, Total | 5,200 | |
Other Real Estate, Valuation Adjustments | 2,900 | |
Impaired Financing Receivable, Related Allowance | $ 1,700 | $ 1,300 |
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. |