Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Mar. 31, 2014 | 13-May-14 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'First Guaranty Bancshares, Inc. | ' |
Entity Central Index Key | '0001408534 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Entity Voluntary Filers | 'No | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 6,291,332 |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 31-Mar-14 | ' |
CONSOLIDATED_BALANCE_SHEETS_un
CONSOLIDATED BALANCE SHEETS (unaudited) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Cash and cash equivalents: | ' | ' |
Cash and due from banks | $79,586 | $60,819 |
Federal funds sold | 252 | 665 |
Cash and cash equivalents | 79,838 | 61,484 |
Interest-earning time deposits with banks | 747 | 747 |
Investment securities: | ' | ' |
Available for sale, at fair value | 473,104 | 484,211 |
Held to maturity, at cost (estimated fair value of $140,414 and $141,642 respectively) | 146,597 | 150,293 |
Investment securities | 619,701 | 634,504 |
Federal Home Loan Bank stock, at cost | 999 | 1,835 |
Loans held for sale | 0 | 88 |
Loans, net of unearned income | 709,911 | 703,166 |
Less: allowance for loan losses | 9,617 | 10,355 |
Net loans | 700,294 | 692,811 |
Premises and equipment, net | 19,459 | 19,612 |
Goodwill | 1,999 | 1,999 |
Intangible assets, net | 1,986 | 2,073 |
Other real estate, net | 2,743 | 3,357 |
Accrued interest receivable | 6,414 | 6,258 |
Other assets | 7,674 | 11,673 |
Total Assets | 1,441,854 | 1,436,441 |
Deposits: | ' | ' |
Noninterest-bearing demand | 193,680 | 204,291 |
Interest-bearing demand | 395,640 | 391,350 |
Savings | 67,546 | 65,445 |
Time | 639,903 | 642,013 |
Total deposits | 1,296,769 | 1,303,099 |
Short-term borrowings | 10,189 | 5,788 |
Accrued interest payable | 2,517 | 2,364 |
Long-term borrowings | 350 | 500 |
Other liabilities | 2,573 | 1,285 |
Total Liabilities | 1,312,398 | 1,313,036 |
Stockholders' Equity | ' | ' |
Preferred stock: Series C - $1,000 par value - authorized 39,435 shares; issued and outstanding 39,435 | 39,435 | 39,435 |
Common stock: $1 par value - authorized 100,600,000 shares; issued 6,294,227 shares | 6,294 | 6,294 |
Surplus | 39,387 | 39,387 |
Treasury stock, at cost, 2,895 shares | -54 | -54 |
Retained earnings | 49,156 | 47,477 |
Accumulated other comprehensive (loss) income | -4,762 | -9,134 |
Total Stockholders' Equity | 129,456 | 123,405 |
Total Liabilities and Stockholders' Equity | 1,441,854 | 1,436,441 |
Series C - Preferred Stock $1,000 par value [Member] | ' | ' |
Stockholders' Equity | ' | ' |
Total Stockholders' Equity | $39,435 | $39,435 |
CONSOLIDATED_BALANCE_SHEETS_un1
CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Investment securities: | ' | ' |
Held to maturity investments, fair value | $140,414 | $141,642 |
Common stock: | ' | ' |
Common stock, par value (in dollars per share) | $1 | $1 |
Common stock, shares authorized (in shares) | 100,600,000 | 100,600,000 |
Common stock, shares issued (in shares) | 6,294,227 | 6,294,227 |
Treasury Stock (in shares) | 2,895 | 2,895 |
Series C - Preferred Stock $1,000 par value [Member] | ' | ' |
Preferred stock: | ' | ' |
Preferred stock, par value (in dollars per share) | $1,000 | $1,000 |
Preferred stock, shares authorized (in shares) | 39,435 | 39,435 |
Preferred stock, shares issued (in shares) | 39,435 | 39,435 |
Preferred stock, shares outstanding (in shares) | 39,435 | 39,435 |
CONSOLIDATED_STATEMENTS_OF_INC
CONSOLIDATED STATEMENTS OF INCOME (unaudited) (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Interest Income: | ' | ' |
Loans (including fees) | $9,508 | $9,096 |
Deposits with other banks | 32 | 40 |
Securities (including FHLB stock) | 3,341 | 3,368 |
Total Interest Income | 12,881 | 12,504 |
Interest Expense: | ' | ' |
Demand deposits | 351 | 362 |
Savings deposits | 8 | 14 |
Time deposits | 1,967 | 2,506 |
Borrowings | 30 | 38 |
Total Interest Expense | 2,356 | 2,920 |
Net Interest Income | 10,525 | 9,584 |
Less: Provision for loan losses | 300 | 904 |
Net Interest Income after Provision for Loan Losses | 10,225 | 8,680 |
Noninterest Income: | ' | ' |
Service charges, commissions and fees | 1,072 | 1,151 |
Net gains on securities | 153 | 777 |
Net gains on sale of loans | 19 | -25 |
Gain on sale of assets | 9 | 0 |
Other | 378 | 327 |
Total Noninterest Income | 1,631 | 2,230 |
Noninterest Expense: | ' | ' |
Salaries and employee benefits | 3,830 | 3,526 |
Occupancy and equipment expense | 993 | 981 |
Other | 2,801 | 3,197 |
Total Noninterest Expense | 7,624 | 7,704 |
Income Before Income Taxes | 4,232 | 3,206 |
Less: Provision for income taxes | 1,447 | 1,117 |
Net Income | 2,785 | 2,089 |
Preferred Stock Dividends | -99 | -283 |
Income Available to Common Shareholders | $2,686 | $1,806 |
Per Common Share: | ' | ' |
Cash dividends paid (in dollars per share) | $0.16 | $0.16 |
Earnings (in dollars per share) | $0.43 | $0.29 |
Weighted Average Common Shares Outstanding (in shares) | 6,291,332 | 6,291,332 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) [Abstract] | ' | ' |
Net Income | $2,785 | $2,089 |
Unrealized (losses) gains on securities: | ' | ' |
Unrealized holding gains (losses) arising during the period | 6,777 | -552 |
Reclassification adjustments for net gains included in net income | -153 | -777 |
Change in unrealized (losses) gains on securities | 6,624 | -1,329 |
Tax impact | -2,252 | 452 |
Other comprehensive income (loss) | 4,372 | -877 |
Comprehensive Income | $7,157 | $1,212 |
CONSOLIDATED_STATEMENTS_OF_CHA
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (unaudited) (USD $) | Series C - Preferred Stock $1,000 Par [Member] | Common Stock $1 Par [Member] | Surplus [Member] | Treasury Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income/(Loss) [Member] | Total |
In Thousands, unless otherwise specified | |||||||
Balance at beginning of period at Dec. 31, 2012 | $39,435 | $6,294 | $39,387 | ($54) | $43,071 | $6,048 | $134,181 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Net income | 0 | 0 | 0 | 0 | 2,089 | 0 | 2,089 |
Other comprehensive income | 0 | 0 | 0 | 0 | 0 | -877 | -877 |
Cash dividends on common stock ($0.16 per share) | 0 | 0 | 0 | 0 | -1,006 | 0 | -1,006 |
Preferred stock dividend | 0 | 0 | 0 | 0 | -283 | 0 | -283 |
Balance at end of period at Mar. 31, 2013 | 39,435 | 6,294 | 39,387 | -54 | 43,871 | 5,171 | 134,104 |
Balance at beginning of period at Dec. 31, 2013 | 39,435 | 6,294 | 39,387 | -54 | 47,477 | -9,134 | 123,405 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Net income | 0 | 0 | 0 | 0 | 2,785 | 0 | 2,785 |
Other comprehensive income | 0 | 0 | 0 | 0 | 0 | 4,372 | 4,372 |
Cash dividends on common stock ($0.16 per share) | 0 | 0 | 0 | 0 | -1,007 | 0 | -1,007 |
Preferred stock dividend | 0 | 0 | 0 | 0 | -99 | 0 | -99 |
Balance at end of period at Mar. 31, 2014 | $39,435 | $6,294 | $39,387 | ($54) | $49,156 | ($4,762) | $129,456 |
CONSOLIDATED_STATEMENTS_OF_CHA1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (unaudited) (Parenthetical) (USD $) | 3 Months Ended | ||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | |
Common stock, par value (in dollars per share) | $1 | $1 | $1 |
Cash dividends per share (in dollars per share) | $0.16 | $0.16 | ' |
Series C - Preferred Stock $1,000 Par [Member] | ' | ' | ' |
Preferred stock, par value (in dollars per share) | $1,000 | $1,000 | $1,000 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Cash Flows From Operating Activities | ' | ' |
Net income | $2,785 | $2,089 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Provision for loan losses | 300 | 904 |
Depreciation and amortization | 540 | 527 |
Amortization/Accretion of investments | 493 | 511 |
Gain on calls and sales of securities | -153 | -777 |
(Loss) gain on sale of assets | -21 | 25 |
ORE write downs and loss on disposition | 16 | 24 |
Net decrease in loans held for sale | 88 | 557 |
FHLB stock dividends | -1 | 0 |
Change in other assets and liabilities, net | 3,029 | 1,365 |
Net Cash Provided By Operating Activities | 7,076 | 5,225 |
Cash Flows From Investing Activities | ' | ' |
Proceeds from maturities and calls of HTM securities | 3,646 | 11,000 |
Proceeds from maturities, calls and sales of AFS securities | 236,839 | 283,452 |
Funds Invested in AFS securities | -219,399 | -253,879 |
Proceeds from sale/redemption of Federal Home Loan Bank stock | 838 | 720 |
Net increase in loans | -8,018 | -27,894 |
Purchases of premises and equipment | -308 | -372 |
Proceeds from sales of premises and equipment | 32 | 0 |
Proceeds from sales of other real estate owned | 833 | 231 |
Net Cash Provided By Investing Activities | 14,463 | 13,258 |
Cash Flows From Financing Activities | ' | ' |
Net decrease in deposits | -6,330 | -24,822 |
Net increase (decrease) in federal funds purchased and short-term borrowings | 4,401 | -72 |
Repayment of long-term borrowings | -150 | -150 |
Dividends paid | -1,106 | -1,289 |
Net Cash Used In Financing Activities | -3,185 | -26,333 |
Net Increase (Decrease) In Cash and Cash Equivalents | 18,354 | -7,850 |
Cash and Cash Equivalents at the Beginning of the Period | 61,484 | 86,233 |
Cash and Cash Equivalents at the End of the Period | 79,838 | 78,383 |
Noncash Activities: | ' | ' |
Loans transferred to foreclosed assets | 235 | 2,270 |
Cash Paid During The Period: | ' | ' |
Interest on deposits and borrowed funds | 2,203 | 2,581 |
Income taxes | $500 | $0 |
Basis_of_Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2014 | |
Basis of Presentation [Abstract] | ' |
Basis of Presentation | ' |
Note 1. Basis of Presentation | |
The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles. The consolidated financial statements and the footnotes of First Guaranty Bancshares, Inc. (the “Company”) thereto should be read in conjunction with the audited financial statements and note disclosures for the Company previously filed with the Securities and Exchange Commission in the Company’s Annual Report filed on Form 10-K for the year ended December 31, 2013. | |
The consolidated financial statements include the accounts of First Guaranty Bancshares, Inc. and its wholly owned subsidiary First Guaranty Bank. All significant intercompany balances and transactions have been eliminated in consolidation. | |
In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments necessary for a fair presentation of the consolidated financial statements. Those adjustments are of a normal recurring nature. The results of operations for the three month periods ended March 31, 2014 and 2013 are not necessarily indicative of the results expected for the full year. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are susceptible to significant change in the near term are the allowance for loan losses, valuation of goodwill, intangible assets and other purchase accounting adjustments. | |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2014 | |
Recent Accounting Pronouncements [Abstract] | ' |
Recent Accounting Pronouncements | ' |
Note 2. Recent Accounting Pronouncements | |
The FASB has issued Accounting Standards Update (ASU) No. 2014-04, Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40) -Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The amendments are intended to clarify when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate recognized. | |
These amendments clarify that an in substance reposession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either: (a) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure; or (b) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completiton of a deed in lieu of foreclosure or through a similar legal agreement. Additional disclosures are required. | |
The amendments are effective for public business entities for annual periods and interim periods within those annual eriods beginning after December 15, 2014. The adoption of this guidance is not expected to have a material impact upon the Company's financial statements. | |
Securities
Securities | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||
Securities [Abstract] | ' | ||||||||||||||||||||||||
Securities | ' | ||||||||||||||||||||||||
Note 3. Securities | |||||||||||||||||||||||||
A summary comparison of securities by type at March 31, 2014 and December 31, 2013 is shown below. | |||||||||||||||||||||||||
March 31, 2014 | 31-Dec-13 | ||||||||||||||||||||||||
(in thousands) | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | |||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
U.S Treasuries | $ | 30,000 | $ | - | $ | - | $ | 30,000 | $ | 36,000 | $ | - | $ | - | $ | 36,000 | |||||||||
U.S. Government Agencies | 302,825 | - | (11,286 | ) | 291,539 | 302,816 | - | (16,117 | ) | 286,699 | |||||||||||||||
Corporate debt securities | 130,961 | 4,535 | (934 | ) | 134,562 | 142,580 | 3,729 | (1,828 | ) | 144,481 | |||||||||||||||
Mutual funds or other equity securities | 564 | - | (6 | ) | 558 | 564 | - | (8 | ) | 556 | |||||||||||||||
Municipal bonds | 15,970 | 475 | - | 16,445 | 16,091 | 384 | - | 16,475 | |||||||||||||||||
Total available-for-sale securities | 480,320 | 5,010 | (12,226 | ) | 473,104 | 498,051 | 4,113 | (17,953 | ) | 484,211 | |||||||||||||||
Held to maturity: | |||||||||||||||||||||||||
U.S. Government Agencies | 84,474 | - | (4,242 | ) | 80,232 | 86,927 | - | (5,971 | ) | 80,956 | |||||||||||||||
Mortgage-backed securities | 62,123 | - | (1,941 | ) | 60,182 | 63,366 | - | (2,680 | ) | 60,686 | |||||||||||||||
Total held to maturity securities | $ | 146,597 | $ | - | $ | (6,183 | ) | $ | 140,414 | $ | 150,293 | $ | - | $ | (8,651 | ) | $ | 141,642 | |||||||
The scheduled maturities of securities at March 31, 2014, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities due to call or prepayments. Mortgage-backed securities are not due at a single maturity because of amortization and potential prepayment of the underlying mortgages. For this reason they are presented separately in the maturity table below. | |||||||||||||||||||||||||
March 31, 2014 | |||||||||||||||||||||||||
(in thousands) | Amortized Cost | Fair Value | |||||||||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
Due in one year or less | $ | 40,015 | $ | 40,130 | |||||||||||||||||||||
Due after one year through five years | 192,283 | 192,199 | |||||||||||||||||||||||
Due after five years through 10 years | 208,387 | 203,221 | |||||||||||||||||||||||
Over 10 years | 39,635 | 37,554 | |||||||||||||||||||||||
Total available-for-sale securities | 480,320 | 473,104 | |||||||||||||||||||||||
Held to maturity: | |||||||||||||||||||||||||
Due in one year or less | - | - | |||||||||||||||||||||||
Due after one year through five years | 5,000 | 4,827 | |||||||||||||||||||||||
Due after five years through 10 years | 79,474 | 75,405 | |||||||||||||||||||||||
Over 10 years | - | - | |||||||||||||||||||||||
Subtotal | 84,474 | 80,232 | |||||||||||||||||||||||
Mortgage-backed Securities | 62,123 | 60,182 | |||||||||||||||||||||||
Total held to maturity securities | $ | 146,597 | $ | 140,414 | |||||||||||||||||||||
At March 31, 2014 $493.8 million of the Company's securities were pledged as collateral for public fund deposits and borrowings. The pledged securities had a market value of $487.6 million as of March 31, 2014. | |||||||||||||||||||||||||
The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses: | |||||||||||||||||||||||||
At March 31, 2014 | |||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
(in thousands) | Number of Securities | Fair Value | Gross Unrealized Losses | Number of Securities | Fair Value | Gross Unrealized Losses | Number of Securities | Fair Value | Gross Unrealized Losses | ||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
U.S. Treasuries | 2 | $ | 20,000 | $ | - | - | $ | - | $ | - | 2 | $ | 20,000 | $ | - | ||||||||||
U.S. Government agencies | 59 | 211,356 | (7,160 | ) | 27 | 80,183 | (4,126 | ) | 86 | 291,539 | (11,286 | ) | |||||||||||||
Corporate debt securities | 79 | 23,106 | (611 | ) | 23 | 5,114 | (323 | ) | 102 | 28,220 | (934 | ) | |||||||||||||
Mutual funds or other equity securities | - | - | - | ) | 1 | 494 | (6 | ) | 1 | 494 | (6 | ) | |||||||||||||
Total available-for-sale securities | 140 | 254,462 | (7,771 | ) | 51 | 85,791 | (4,455 | ) | 191 | 340,253 | (12,226 | ) | |||||||||||||
Held to maturity: | |||||||||||||||||||||||||
U.S. Government agencies | 12 | 47,296 | (2,512 | ) | 8 | 32,936 | (1,730 | ) | 20 | 80,232 | (4,242 | ) | |||||||||||||
Mortgage-backed securities | 26 | 60,182 | (1,941 | ) | - | - | - | 26 | 60,182 | (1,941 | ) | ||||||||||||||
Total held to maturity securities | 38 | $ | 107,478 | $ | (4,453 | ) | 8 | $ | 32,936 | $ | (1,730 | ) | 46 | $ | 140,414 | $ | (6,183 | ) | |||||||
Proceeds from sales of securities classified as available for sale amounted to $10.1 million and $3.7 million for March 31, 2014 and 2013 respectively. | |||||||||||||||||||||||||
Securities are evaluated for other-than-temporary impairment at least quarterly and more frequently when economic or market conditions warrant. Consideration is given to (i) the length of time and the extent to which the fair value has been less than cost, (ii) the financial condition and near-term prospects of the issuer, (iii) the recovery of contractual principal and interest and (iv) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. | |||||||||||||||||||||||||
Investment securities issued by the U.S. Government and Government sponsored agencies with unrealized losses and the amount of unrealized losses on those investment securities are the result of changes in market interest rates. The Company has the ability and intent to hold these securities until recovery, which may not be until maturity. | |||||||||||||||||||||||||
Corporate debt securities consist primarily of corporate bonds issued by businesses in the financial, insurance, utility, manufacturing, industrial, consumer products and oil and gas industries. The Company believes that each of the issuers will be able to fulfill the obligations of these securities based on evaluations described above. The Company has the ability and intent to hold these securities until they recover, which could be at their maturity dates. | |||||||||||||||||||||||||
The Company believes that the securities with unrealized losses reflect impairment that is temporary and there are currently no securities with other-than-temporary impairment. There were no impairments recognized on securities in the years 2012, 2013 or the first quarter 2014. | |||||||||||||||||||||||||
At March 31, 2014, the Company's exposure to investment securities issuers that exceeded 10% of stockholders’ equity is as follows: | |||||||||||||||||||||||||
At March 31, 2014 | |||||||||||||||||||||||||
(in thousands) | Amortized Cost | Fair Value | |||||||||||||||||||||||
U.S Treasury | $ | 30,000 | $ | 30,000 | |||||||||||||||||||||
Federal Home Loan Bank (FHLB) | 139,593 | 133,219 | |||||||||||||||||||||||
Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC) | 50,411 | 48,209 | |||||||||||||||||||||||
Federal National Mortgage Association (Fannie Mae-FNMA) | 137,773 | 133,111 | |||||||||||||||||||||||
Federal Farm Credit Bank (FFCB) | 121,645 | 117,414 | |||||||||||||||||||||||
Total | $ | 479,422 | $ | 461,953 |
Loans
Loans | 3 Months Ended | ||||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||||
Loans [Abstract] | ' | ||||||||||||||||||||||||||||||
Loans | ' | ||||||||||||||||||||||||||||||
Note 4. Loans | |||||||||||||||||||||||||||||||
The following table summarizes the components of the Company's loan portfolio as of March 31, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||||
March 31, 2014 | 31-Dec-13 | ||||||||||||||||||||||||||||||
(in thousands except for %) | Balance | As % of Category | Balance | As % of Category | |||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | 49,792 | 7 | % | $ | 47,550 | 6.7 | % | |||||||||||||||||||||||
Farmland | 9,759 | 1.4 | % | 9,826 | 1.4 | % | |||||||||||||||||||||||||
1- 4 Family | 107,613 | 15.1 | % | 103,764 | 14.7 | % | |||||||||||||||||||||||||
Multifamily | 13,688 | 2 | % | 13,771 | 2 | % | |||||||||||||||||||||||||
Non-farm non-residential | 334,889 | 47 | % | 336,071 | 47.7 | % | |||||||||||||||||||||||||
Total Real Estate | 515,741 | 72.5 | % | 510,982 | 72.5 | % | |||||||||||||||||||||||||
Non-real Estate: | |||||||||||||||||||||||||||||||
Agricultural | 20,675 | 2.9 | % | 21,749 | 3.1 | % | |||||||||||||||||||||||||
Commercial and industrial | 154,769 | 21.8 | % | 151,087 | 21.4 | % | |||||||||||||||||||||||||
Consumer and other | 20,463 | 2.8 | % | 20,917 | 3 | % | |||||||||||||||||||||||||
Total Non-real Estate | 195,907 | 27.5 | % | 193,753 | 27.5 | % | |||||||||||||||||||||||||
Total loans before unearned income | 711,648 | 100 | % | 704,735 | 100 | % | |||||||||||||||||||||||||
Unearned income | (1,737 | ) | (1,569 | ) | |||||||||||||||||||||||||||
Total loans net of unearned income | $ | 709,911 | $ | 703,166 | |||||||||||||||||||||||||||
The following table summarizes fixed and floating rate loans by contractual maturity as of March 31, 2014 and December 31, 2013 unadjusted for scheduled principal payments, prepayments, or repricing opportunities. The average life of the loan portfolio may be substantially less than the contractual terms when these adjustments are considered. | |||||||||||||||||||||||||||||||
March 31, 2014 | 31-Dec-13 | ||||||||||||||||||||||||||||||
(in thousands) | Fixed | Floating | Total | Fixed | Floating | Total | |||||||||||||||||||||||||
One year or less | $ | 71,734 | $ | 63,967 | $ | 135,701 | $ | 60,642 | $ | 70,602 | $ | 131,244 | |||||||||||||||||||
One to five years | 207,552 | 221,336 | 428,888 | 220,490 | 209,587 | 430,077 | |||||||||||||||||||||||||
Five to 15 years | 73,908 | 31,273 | 105,181 | 71,655 | 26,076 | 97,731 | |||||||||||||||||||||||||
Over 15 years | 12,027 | 16,902 | 28,929 | 8,503 | 22,695 | 31,198 | |||||||||||||||||||||||||
Subtotal | $ | 365,221 | $ | 333,478 | 698,699 | $ | 361,290 | $ | 328,960 | 690,250 | |||||||||||||||||||||
Nonaccrual loans | 12,948 | 14,485 | |||||||||||||||||||||||||||||
Total loans before unearned income | 711,648 | 704,735 | |||||||||||||||||||||||||||||
Unearned income | (1,737 | ) | (1,569 | ) | |||||||||||||||||||||||||||
Total loans net of unearned income | $ | 709,911 | $ | 703,166 | |||||||||||||||||||||||||||
As of March 31, 2014 $206.6 million of floating rate loans were at their interest rate floor. At December 31, 2013 $209.5 million of floating rate loans were at the floor rate. Nonaccrual loans have been excluded from these totals. | |||||||||||||||||||||||||||||||
The following tables present the age analysis of past due loans at March 31, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||||
As of March 31, 2014 | |||||||||||||||||||||||||||||||
(in thousands) | 30-89 Days Past Due | 90 Days or Greater | Total Past Due | Current | Total Loans | Recorded Investment 90 Days Accruing | |||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | 214 | $ | 117 | $ | 331 | $ | 49,461 | $ | 49,792 | $ | - | |||||||||||||||||||
Farmland | 16 | 95 | 111 | 9,648 | 9,759 | - | |||||||||||||||||||||||||
1 - 4 family | 2,924 | 4,202 | 7,126 | 100,487 | 107,613 | 187 | |||||||||||||||||||||||||
Multifamily | - | - | - | 13,688 | 13,688 | - | |||||||||||||||||||||||||
Non-farm non-residential | 1,954 | 6,466 | 8,420 | 326,469 | 334,889 | - | |||||||||||||||||||||||||
Total Real Estate | 5,108 | 10,880 | 15,988 | 499,753 | 515,741 | 187 | |||||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | 28 | 370 | 398 | 20,277 | 20,675 | - | |||||||||||||||||||||||||
Commercial and industrial | 52 | 1,878 | 1,930 | 152,839 | 154,769 | - | |||||||||||||||||||||||||
Consumer and other | 58 | 7 | 65 | 20,398 | 20,463 | - | |||||||||||||||||||||||||
Total Non-Real Estate | 138 | 2,255 | 2,393 | 193,514 | 195,907 | - | |||||||||||||||||||||||||
Total loans before unearned income | $ | 5,246 | $ | 13,135 | $ | 18,381 | $ | 693,267 | $ | 711,648 | $ | 187 | |||||||||||||||||||
Unearned income | (1,737 | ) | |||||||||||||||||||||||||||||
Total loans net of unearned income | $ | 709,911 | |||||||||||||||||||||||||||||
The following tables present the age analysis of past due loans for the periods indicated: | |||||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||||
(in thousands) | 30-89 Days Past Due | 90 Days or Greater Past Due | Total Past Due | Current | Total Loans | Recorded Investment 90 Days Accruing | |||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | 100 | $ | 73 | $ | 173 | $ | 47,377 | $ | 47,550 | $ | - | |||||||||||||||||||
Farmland | - | 130 | 130 | 9,696 | 9,826 | - | |||||||||||||||||||||||||
1 - 4 family | 3,534 | 4,662 | 8,196 | 95,568 | 103,764 | 414 | |||||||||||||||||||||||||
Multifamily | - | - | - | 13,771 | 13,771 | - | |||||||||||||||||||||||||
Non-farm non-residential | 154 | 7,539 | 7,693 | 328,378 | 336,071 | - | |||||||||||||||||||||||||
Total Real Estate | 3,788 | 12,404 | 16,192 | 494,790 | 510,982 | 414 | |||||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | - | 526 | 526 | 21,223 | 21,749 | - | |||||||||||||||||||||||||
Commercial and industrial | 63 | 1,946 | 2,009 | 149,078 | 151,087 | - | |||||||||||||||||||||||||
Consumer and other | 123 | 23 | 146 | 20,771 | 20,917 | - | |||||||||||||||||||||||||
Total Non-Real Estate | 186 | 2,495 | 2,681 | 191,072 | 193,753 | - | |||||||||||||||||||||||||
Total loans before unearned income | $ | 3,974 | $ | 14,899 | $ | 18,873 | $ | 685,862 | 704,735 | $ | 414 | ||||||||||||||||||||
Unearned income | (1,569 | ) | |||||||||||||||||||||||||||||
Total loans net of unearned income | $ | 703,166 | |||||||||||||||||||||||||||||
The tables above include $12.9 million and $14.5 million of nonaccrual loans for March 31, 2014 and December 31, 2013, respectively. See the tables below for more detail on nonaccrual loans. | |||||||||||||||||||||||||||||||
The following is a summary of nonaccrual loans by class for the periods indicated: | |||||||||||||||||||||||||||||||
(in thousands) | 31-Mar-14 | December 31, 2013 | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | 117 | $ | 73 | |||||||||||||||||||||||||||
Farmland | 95 | 130 | |||||||||||||||||||||||||||||
1 - 4 family | 4,015 | 4,248 | |||||||||||||||||||||||||||||
Multifamily | - | - | |||||||||||||||||||||||||||||
Non-farm non-residential | 6,466 | 7,539 | |||||||||||||||||||||||||||||
Total Real Estate | 10,693 | 11,990 | |||||||||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | 370 | 526 | |||||||||||||||||||||||||||||
Commercial and industrial | 1,878 | 1,946 | |||||||||||||||||||||||||||||
Consumer and other | 7 | 23 | |||||||||||||||||||||||||||||
Total Non-Real Estate | 2,255 | 2,495 | |||||||||||||||||||||||||||||
Total Nonaccrual Loans | $ | 12,948 | $ | 14,485 | |||||||||||||||||||||||||||
The following table identifies the credit exposure of the loan portfolio by specific credit ratings as of the dates indicated: | |||||||||||||||||||||||||||||||
As of March 31, 2014 | As of December 31, 2013 | ||||||||||||||||||||||||||||||
(in thousands) | Pass | Special Mention | Substandard | Doubtful | Total | Pass | Special Mention | Substandard | Doubtful | Total | |||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | 43,010 | $ | 1,303 | $ | 5,479 | $ | - | $ | 49,792 | $ | 40,286 | $ | 1,330 | $ | 5,934 | $ | - | $ | 47,550 | |||||||||||
Farmland | 9,582 | 102 | 75 | - | 9,759 | 9,631 | 85 | 110 | - | 9,826 | |||||||||||||||||||||
1 - 4 family | 92,379 | 5,661 | 9,573 | - | 107,613 | 89,623 | 4,060 | 10,081 | - | 103,764 | |||||||||||||||||||||
Multifamily | 5,816 | 6,531 | 1,341 | - | 13,688 | 5,884 | 5,936 | 1,951 | - | 13,771 | |||||||||||||||||||||
Non-farm non-residential | 304,755 | 11,028 | 19,106 | - | 334,889 | 305,992 | 9,196 | 20,883 | - | 336,071 | |||||||||||||||||||||
Total Real Estate | 455,542 | 24,625 | 35,574 | - | 515,741 | 451,416 | 20,607 | 38,959 | - | 510,982 | |||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | 20,418 | 10 | 247 | - | 20,675 | 21,486 | 11 | 252 | - | 21,749 | |||||||||||||||||||||
Commercial and industrial | 153,290 | 890 | 589 | - | 154,769 | 149,930 | 592 | 565 | - | 151,087 | |||||||||||||||||||||
Consumer and other | 20,249 | 154 | 60 | - | 20,463 | 20,720 | 117 | 80 | - | 20,917 | |||||||||||||||||||||
Total Non-Real Estate | 193,957 | 1,054 | 896 | - | 195,907 | 192,136 | 720 | 897 | - | 193,753 | |||||||||||||||||||||
Total loans before unearned income | $ | 649,499 | $ | 25,679 | $ | 36,470 | $ | - | 711,648 | $ | 643,552 | $ | 21,327 | $ | 39,856 | $ | - | 704,735 | |||||||||||||
Unearned income | (1,737 | ) | (1,569 | ) | |||||||||||||||||||||||||||
Total loans net of unearned income | $ | 709,911 | $ | 703,166 |
Allowance_for_Loan_Losses
Allowance for Loan Losses | 3 Months Ended | ||||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||||
Allowance for Loan Losses [Abstract] | ' | ||||||||||||||||||||||||||||||
Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||||
Note 5. Allowance for Loan Losses | |||||||||||||||||||||||||||||||
A summary of changes in the allowance for loan losses, by portfolio type, for the three months ended March 31, 2014 and 2013 are as follows: | |||||||||||||||||||||||||||||||
As of March 31, | |||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||
(in thousands) | Beginning | Charge-offs | Recoveries | Provision | Ending | Beginning | Charge-offs | Recoveries | Provision | Ending Allowance(3/31/13) | |||||||||||||||||||||
Allowance (12/31/13) | Allowance (3/31/14) | Allowance (12/31/12) | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | 1,530 | $ | - | $ | 1 | $ | 193 | $ | 1,724 | $ | 1,098 | $ | (219 | ) | $ | 1 | $ | 338 | $ | 1,218 | ||||||||||
Farmland | 17 | - | - | 1 | 18 | 50 | - | - | (13 | ) | 37 | ||||||||||||||||||||
1 - 4 family | 1,974 | (24 | ) | 30 | (321 | ) | 1,659 | 2,239 | (68 | ) | 22 | (1 | ) | 2,192 | |||||||||||||||||
Multifamily | 376 | - | - | 69 | 445 | 284 | - | - | - | 284 | |||||||||||||||||||||
Non-farm non-residential | 3,607 | (865 | ) | 6 | 489 | 3,237 | 3,666 | (898 | ) | 1 | 246 | 3,015 | |||||||||||||||||||
Total Real Estate | 7,504 | (889 | ) | 37 | 431 | 7,083 | 7,337 | (1,185 | ) | 24 | 570 | 6,746 | |||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | 46 | - | - | (8 | ) | 38 | 64 | - | 1 | (2 | ) | 63 | |||||||||||||||||||
Commercial and industrial | 2,176 | (149 | ) | 6 | (217 | ) | 1,816 | 2,488 | (679 | ) | 4 | 182 | 1,995 | ||||||||||||||||||
Consumer and other | 208 | (99 | ) | 56 | 25 | 190 | 233 | (65 | ) | 61 | (18 | ) | 211 | ||||||||||||||||||
Unallocated | 421 | - | - | 69 | 490 | 220 | - | - | 172 | 392 | |||||||||||||||||||||
Total Non-Real Estate | 2,851 | (248 | ) | 62 | (131 | ) | 2,534 | 3,005 | (744 | ) | 66 | 334 | 2,661 | ||||||||||||||||||
Total | $ | 10,355 | $ | (1,137 | ) | $ | 99 | $ | 300 | $ | 9,617 | $ | 10,342 | $ | (1,929 | ) | $ | 90 | $ | 904 | $ | 9,407 | |||||||||
A summary of the allowance and loans individually and collectively evaluated for impairment are as follows: | |||||||||||||||||||||||||||||||
As of March 31, 2014 | |||||||||||||||||||||||||||||||
(in thousands) | Allowance Individually Evaluated for Impairment | Allowance Collectively Evaluated for Impairment | Total Allowance for Credit Losses | Loans | Loans | Total Loans before Unearned Income | |||||||||||||||||||||||||
Individually Evaluated for Impairment | Collectively Evaluated for Impairment | ||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | 1,316 | $ | 408 | $ | 1,724 | $ | 5,327 | $ | 44,465 | $ | 49,792 | |||||||||||||||||||
Farmland | - | 18 | 18 | - | 9,759 | 9,759 | |||||||||||||||||||||||||
1 - 4 family | 26 | 1,633 | 1,659 | 2,856 | 104,757 | 107,613 | |||||||||||||||||||||||||
Multifamily | 301 | 144 | 445 | 1,341 | 12,347 | 13,688 | |||||||||||||||||||||||||
Non-farm non-residential | 538 | 2,699 | 3,237 | 17,791 | 317,098 | 334,889 | |||||||||||||||||||||||||
Total Real Estate | 2,181 | 4,902 | 7,083 | 27,315 | 488,426 | 515,741 | |||||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | - | 38 | 38 | - | 20,675 | 20,675 | |||||||||||||||||||||||||
Commercial and industrial | - | 1,816 | 1,816 | - | 154,769 | 154,769 | |||||||||||||||||||||||||
Consumer and other | - | 190 | 190 | - | 20,463 | 20,463 | |||||||||||||||||||||||||
Unallocated | - | 490 | 490 | ||||||||||||||||||||||||||||
Total Non-Real Estate | - | 2,534 | 2,534 | - | 195,907 | 195,907 | |||||||||||||||||||||||||
Total | $ | 2,181 | $ | 7,436 | $ | 9,617 | $ | 27,315 | $ | 684,333 | 711,648 | ||||||||||||||||||||
Unearned Income | (1,737 | ) | |||||||||||||||||||||||||||||
Total loans net of unearned income | $ | 709,911 | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||||
(in thousands) | Allowance Individually Evaluated for Impairment | Allowance Collectively Evaluated for Impairment | Total Allowance for Credit Losses | Loans | Loans | Total Loans before Unearned Income | |||||||||||||||||||||||||
Individually Evaluated for Impairment | Collectively Evaluated for Impairment | ||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | 1,166 | $ | 364 | $ | 1,530 | $ | 5,777 | $ | 41,773 | $ | 47,550 | |||||||||||||||||||
Farmland | - | 17 | 17 | - | 9,826 | 9,826 | |||||||||||||||||||||||||
1 - 4 family | 25 | 1,949 | 1,974 | 2,868 | 100,896 | 103,764 | |||||||||||||||||||||||||
Multifamily | 304 | 72 | 376 | 1,951 | 11,820 | 13,771 | |||||||||||||||||||||||||
Non-farm non-residential | 1,053 | 2,554 | 3,607 | 19,279 | 316,792 | 336,071 | |||||||||||||||||||||||||
Total Real Estate | 2,548 | 4,956 | 7,504 | 29,875 | 481,107 | 510,982 | |||||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | - | 46 | 46 | - | 21,749 | 21,749 | |||||||||||||||||||||||||
Commercial and industrial | - | 2,176 | 2,176 | - | 151,087 | 151,087 | |||||||||||||||||||||||||
Consumer and other | - | 208 | 208 | - | 20,917 | 20,917 | |||||||||||||||||||||||||
Unallocated | - | 421 | 421 | ||||||||||||||||||||||||||||
Total Non-Real Estate | - | 2,851 | 2,851 | - | 193,753 | 193,753 | |||||||||||||||||||||||||
Total | $ | 2,548 | $ | 7,807 | $ | 10,355 | $ | 29,875 | $ | 674,860 | 704,735 | ||||||||||||||||||||
Unearned Income | (1,569 | ) | |||||||||||||||||||||||||||||
Total loans net of unearned income | $ | 703,166 | |||||||||||||||||||||||||||||
As of March 31, 2014, the Company has no outstanding commitments to advance additional funds in connection with impaired loans. | |||||||||||||||||||||||||||||||
The following is a summary of impaired loans by class as of the date indicated: | |||||||||||||||||||||||||||||||
As of March 31, 2014 | |||||||||||||||||||||||||||||||
(in thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | Interest Income Cash Basis | |||||||||||||||||||||||||
Impaired Loans with no related allowance: | |||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | 1,644 | $ | 1,644 | $ | - | $ | 1,851 | $ | 77 | $ | 78 | |||||||||||||||||||
Farmland | - | - | - | - | - | - | |||||||||||||||||||||||||
1 - 4 family | 441 | 441 | - | 441 | 10 | 10 | |||||||||||||||||||||||||
Multifamily | - | - | - | 602 | 16 | 17 | |||||||||||||||||||||||||
Non-farm non-residential | 7,877 | 8,739 | - | 8,408 | 139 | 138 | |||||||||||||||||||||||||
Total Real Estate | 9,962 | 10,824 | - | 11,302 | 242 | 243 | |||||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||
Commercial and industrial | - | - | - | - | - | - | |||||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | |||||||||||||||||||||||||
Total Non-Real Estate | - | - | - | - | - | - | |||||||||||||||||||||||||
Total Impaired Loans with no related allowance | 9,962 | 10,824 | - | 11,302 | 242 | 243 | |||||||||||||||||||||||||
Impaired Loans with an allowance recorded: | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||
Construction & land development | 3,683 | 3,683 | 1,316 | 3,767 | 89 | 89 | |||||||||||||||||||||||||
Farmland | - | - | - | - | - | - | |||||||||||||||||||||||||
1 - 4 family | 2,415 | 2,614 | 26 | 2,418 | 62 | 62 | |||||||||||||||||||||||||
Multifamily | 1,341 | 1,341 | 301 | 1,341 | 27 | 27 | |||||||||||||||||||||||||
Non-farm non-residential | 9,914 | 13,614 | 538 | 10,163 | 136 | 136 | |||||||||||||||||||||||||
Total Real Estate | 17,353 | 21,252 | 2,181 | 17,689 | 314 | 314 | |||||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||
Commercial and industrial | - | - | - | - | - | - | |||||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | |||||||||||||||||||||||||
Total Non-Real Estate | - | - | - | - | - | - | |||||||||||||||||||||||||
Total Impaired Loans with an allowance recorded | 17,353 | 21,252 | 2,181 | 17,689 | 314 | 314 | |||||||||||||||||||||||||
Total Impaired Loans | $ | 27,315 | $ | 32,076 | $ | 2,181 | $ | 28,991 | $ | 556 | $ | 557 | |||||||||||||||||||
The following is a summary of impaired loans by class as of the date indicated: | |||||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||||
(in thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | Interest Income Cash Basis | |||||||||||||||||||||||||
Impaired Loans with no related allowance: | |||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | - | $ | - | $ | - | $ | 599 | $ | 35 | $ | 36 | |||||||||||||||||||
Farmland | - | - | - | - | - | - | |||||||||||||||||||||||||
1 - 4 family | 441 | 441 | - | 472 | 28 | 35 | |||||||||||||||||||||||||
Multifamily | 607 | 607 | - | 5,890 | 359 | 382 | |||||||||||||||||||||||||
Non-farm non-residential | 4,722 | 5,456 | - | 7,579 | 425 | 527 | |||||||||||||||||||||||||
Total Real Estate | 5,770 | 6,504 | - | 14,540 | 847 | 980 | |||||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||
Commercial and industrial | - | - | - | 1,472 | 134 | 162 | |||||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | |||||||||||||||||||||||||
Total Non-Real Estate | - | - | - | 1,472 | 134 | 162 | |||||||||||||||||||||||||
Total Impaired Loans with no related allowance | 5,770 | 6,504 | - | 16,012 | 981 | 1,142 | |||||||||||||||||||||||||
Impaired Loans with an allowance recorded: | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||
Construction & land development | 5,777 | 5,777 | 1,166 | 6,345 | 383 | 360 | |||||||||||||||||||||||||
Farmland | - | - | - | - | - | - | |||||||||||||||||||||||||
1 - 4 family | 2,427 | 2,620 | 25 | 1,643 | 121 | 107 | |||||||||||||||||||||||||
Multifamily | 1,344 | 1,344 | 304 | 1,348 | 89 | 96 | |||||||||||||||||||||||||
Non-farm non-residential | 14,557 | 17,469 | 1,053 | 14,868 | 775 | 573 | |||||||||||||||||||||||||
Total Real Estate | 24,105 | 27,210 | 2,548 | 24,204 | 1,368 | 1,136 | |||||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||
Commercial and industrial | - | - | - | - | - | - | |||||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | |||||||||||||||||||||||||
Total Non-Real Estate | - | - | - | - | - | - | |||||||||||||||||||||||||
Total Impaired Loans with an allowance recorded | 24,105 | 27,210 | 2,548 | 24,204 | 1,368 | 1,136 | |||||||||||||||||||||||||
Total Impaired Loans | $ | 29,875 | $ | 33,714 | $ | 2,548 | $ | 40,216 | $ | 2,349 | $ | 2,278 | |||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||
A Troubled Debt Restructuring ("TDR") is considered such if the creditor for economic or legal reasons related to the debtor's financial difficulties grants a concession to the debtor that it would not otherwise consider. The modifications to the Company's TDRs were concessions on the interest rate charged. The effect of the modifications to the Company was a reduction in interest income. These loans have an allocated reserve in the Company's reserve for loan losses. The Company has not restructured any loans that are considered troubled debt restructurings in the prior twelve months. | |||||||||||||||||||||||||||||||
The following table identifies the Troubled Debt Restructurings as of March 31, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||||
Troubled Debt Restructurings | 31-Mar-14 | 31-Dec-13 | |||||||||||||||||||||||||||||
Accruing Loans | Accruing Loans | ||||||||||||||||||||||||||||||
(in thousands) | Current | 30-89 Days Past Due | Nonaccrual | Total TDRs | Current | 30-89 Days Past Due | Nonaccrual | Total TDRs | |||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
Farmland | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
1-4 Family | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Multifamily | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Non-farm non residential | 3,006 | - | 230 | 3,236 | 3,006 | - | 230 | 3,236 | |||||||||||||||||||||||
Total Real Estate | 3,006 | - | 230 | 3,236 | 3,006 | - | 230 | 3,236 | |||||||||||||||||||||||
Non-Real Estate: | - | ||||||||||||||||||||||||||||||
Agricultural | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Commercial and industrial | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Total Non-Real Estate | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Total | $ | 3,006 | $ | - | $ | 230 | $ | 3,236 | $ | 3,006 | $ | - | $ | 230 | $ | 3,236 | |||||||||||||||
The following table discloses TDR activity for the three months ended March 31, 2014. | |||||||||||||||||||||||||||||||
Trouble Debt Restructured Loans Activity | |||||||||||||||||||||||||||||||
Three Months Ended March 31, 2014 | |||||||||||||||||||||||||||||||
(in thousands) | Beginning balance | New TDRs | Charge-offs post-modification | Transferred to ORE | Paydowns | Construction to permanent financing | Restructured to market terms | Ending balance | |||||||||||||||||||||||
(December 31, 2013) | (March 31, 2014) | ||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
Farmland | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
1 - 4 family | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Multifamily | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Non-farm non-residential | 3,236 | - | - | - | - | - | - | 3,236 | |||||||||||||||||||||||
Total Real Estate | 3,236 | - | - | - | - | - | - | 3,236 | |||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Commercial and industrial | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Total Non-Real Estate | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Total Impaired Loans with no related allowance | $ | 3,236 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,236 | |||||||||||||||
There were no commitments to lend additional funds to debtors whose terms have been modified in a troubled debt restructuring at March 31, 2014. |
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets | 3 Months Ended |
Mar. 31, 2014 | |
Goodwill and Other Intangible Assets [Abstract] | ' |
Goodwill and Other Intangible Assets | ' |
Note 6. Goodwill and Other Intangible Assets | |
Goodwill and intangible assets deemed to have indefinite lives are no longer amortized, but are subject to impairment testing. Other intangible assets continue to be amortized over their useful lives. The Company's goodwill is the difference in purchase price over the fair value of net assets acquired from the Homestead Bancorp in 2007. Goodwill totaled $2.0 million at March 31, 2014 and December 31, 2013. No impairment charges have been recognized on the Company's intangible assets.Mortgage servicing rights were relatively unchanged totaling $0.1 million at March 31, 2014 and December 31, 2013. Other intangible assets recorded include core deposit intangibles, which are subject to amortization. The weighted-average amortization period remaining for the Company's core deposit intangibles is 7.0 years. The core deposits intangible reflect the value of deposit relationships, including the beneficial rates, which arose from acquisitions. | |
Other_Real_Estate_ORE
Other Real Estate (ORE) | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Other Real Estate (ORE) [Abstract] | ' | ||||||
Other Real Estate (ORE) | ' | ||||||
Note 7. Other Real Estate (ORE) | |||||||
Other real estate owned consists of the following at the dates indicated: | |||||||
(in thousands) | 31-Mar-14 | 31-Dec-13 | |||||
Real Estate Owned Acquired by Foreclosure: | |||||||
Residential | $ | 1,480 | $ | 1,803 | |||
Construction & land development | 463 | 754 | |||||
Non-farm non-residential | 800 | 800 | |||||
Total Other Real Estate Owned and Foreclosed Property | $ | 2,743 | $ | 3,357 | |||
Loans secured by one to four family residential properties in the process of foeclosure totaled $1.0 million as of March 31, 2014. | |||||||
Commitments_and_Contingencies
Commitments and Contingencies | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Commitments and Contingencies [Abstract] | ' | ||||||
Commitments and Contingencies | ' | ||||||
Note 8. Commitments and Contingencies | |||||||
Off-balance sheet commitments | |||||||
The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers and to reduce its own exposure to fluctuations in interest rates. These financial instruments include commitments to extend credit and standby and commercial letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the Consolidated Balance Sheets. The contract or notional amounts of those instruments reflect the extent of the involvement in particular classes of financial instruments. | |||||||
The exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby and commercial letters of credit is represented by the contractual notional amount of those instruments. The same credit policies are used in making commitments and conditional obligations as it does for on-balance sheet instruments. Unless otherwise noted, collateral or other security is not required to support financial instruments with credit risk. | |||||||
Below is a summary of the notional amounts of the financial instruments with off-balance sheet risk at March 31, 2014 and December 31, 2013: | |||||||
Contract Amount | |||||||
(in thousands) | 31-Mar-14 | 31-Dec-13 | |||||
Commitments to Extend Credit | $ | 42,469 | $ | 30,516 | |||
Unfunded Commitments under lines of credit | $ | 110,172 | $ | 115,311 | |||
Commercial and Standby letters of credit | $ | 7,667 | $ | 7,695 | |||
Litigation | |||||||
The nature of the Company’s business ordinarily results in a certain amount of claims, litigation and legal and administrative cases, all of which are considered incidental to the normal conduct of business. When the Company’s management and counsel determine it has defenses to the claims asserted, it defends itself. The Company will consider settlement of cases when, in Management’s and counsel’s judgment, it is in the best interests of both the Company and its shareholders. | |||||||
While the final outcome of legal proceedings is inherently uncertain, based on information currently available, advice of counsel, and available insurance coverage, Management believes that any incremental liability arising from the Company’s legal proceedings will not have a material adverse effect on the Company’s financial position. | |||||||
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income | 3 Months Ended | |||
Mar. 31, 2014 | ||||
Accumulated Other Comprehensive Income [Abstract] | ' | |||
Accumulated Other Comprehensive Income | ' | |||
Note 9. Accumulated Other Comprehensive Income | ||||
The following table details the changes in the single component of accumulated other comprehensive income for the three months ended March 31, 2014: | ||||
(in thousands) | Unrealized (Loss) Gain on Securities Available for Sale | |||
Accumulated Other Comprehensive (Loss) Income: | ||||
Balance December 31, 2013 | $ | -9,134 | ||
Reclassification adjustments to net income: | ||||
Realized gains on securities | (153 | ) | ||
Provision for income taxes | 52 | |||
Unrealized losses arising during the period, net of tax | 4,473 | |||
Balance March 31, 2014 | $ | (4,762 | ) | |
The following table details the changes in the single component of accumulated other comprehensive income for the three months ended March 31, 2013: | ||||
(in thousands) | Unrealized (Loss) Gain on Securities Available for Sale | |||
Accumulated Other Comprehensive (Loss) Income: | ||||
Balance December 31, 2012 | $ | 6,048 | ||
Reclassification adjustments to net income: | ||||
Realized gains on securities | (777 | ) | ||
Provision for income taxes | 264 | |||
Unrealized losses arising during the period, net of tax | (363 | ) | ||
Balance March 31, 2013 | $ | 5,171 | ||
Fair_Value_Measurements
Fair Value Measurements | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Fair Value Measurements [Abstract] | ' | ||||||
Fair Value Measurements | ' | ||||||
Note 10. Fair Value Measurements | |||||||
The fair value of a financial instrument is the current amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. Valuation techniques use certain inputs to arrive at fair value. Inputs to valuation techniques are the assumptions that market participants would use in pricing the asset or liability. They may be observable or unobservable. The Company uses a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: | |||||||
Level 1 Inputs – Unadjusted quoted market prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. | |||||||
Level 2 Inputs – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatilities, prepayment speeds or credit risks) or inputs that are derived principally from or corroborated by market data by correlation or other means. | |||||||
Level 3 Inputs – Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. | |||||||
A description of the valuation methodologies used for instruments measured at fair value follows, as well as the classification of such instruments within the valuation hierarchy. | |||||||
Securities available for sale.Securities are classified within Level 1 where quoted market prices are available in an active market. Inputs include securities that have quoted prices in active markets for identical assets. If quoted market prices are unavailable, fair value is estimated using quoted prices of securities with similar characteristics, at which point the securities would be classified within Level 2 of the hierarchy. Securities classified Level 3 as of March 31, 2014 include municipal bonds and an equity security. | |||||||
Impaired loans.Loans are measured for impairment using the methods permitted by ASC Topic 310. Fair value of impaired loans is measured by either the loans obtainable market price, if available (Level 1), the fair value of the collateral if the loan is collateral dependent (Level 2), or the present value of expected future cash flows, discounted at the loan's effective interest rate (Level 3). Fair value of the collateral is determined by appraisals or by independent valuation. | |||||||
Other real estate owned.Properties are recorded at the balance of the loan or at estimated fair value less estimated selling costs, whichever is less, at the date acquired. Fair values of other real estate owned ("OREO") at March 31, 2014 are determined by sales agreement or appraisal, and costs to sell are based on estimation per the terms and conditions of the sales agreement or amounts commonly used in real estate transactions. Inputs include appraisal values or recent sales activity for similar assets in the property’s market; thus OREO measured at fair value would be classified within Level 2 of the hierarchy. | |||||||
Certain non-financial assets and non-financial liabilities are measured at fair value on a non-recurring basis including assets and liabilities related to reporting units measured at fair value in the testing of goodwill impairment, as well as intangible assets and other non-financial long-lived assets measured at fair value for impairment assessment. | |||||||
The following table summarizes financial assets measured at fair value on a recurring basis as of March 31, 2014 and December 31, 2013, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: | |||||||
(in thousands) | 31-Mar-14 | 31-Dec-13 | |||||
Available for Sale Securities Fair Value Measurements Using: | |||||||
Level 1: Quoted Prices in Active Markets For Identical Assets | $ | 30,494 | $ | 36,492 | |||
Level 2: Significant Other Observable Inputs | 436,384 | 441,885 | |||||
Level 3: Significant Unobservable Inputs | 6,226 | 5,834 | |||||
Securities available for sale measured at fair value | $ | 473,104 | $ | 484,211 | |||
The Company's valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While Management believes the methodologies used are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value. | |||||||
The change in Level 3 securities available for sale from December 31, 2013 was due to principally to the purchase of a municipal bond $0.4 million. | |||||||
The following table reconciles assets measured at fair value on a recurring basis using unobservable inputs (Level 3): | |||||||
Level 3 Changes | |||||||
(in thousands) | March 31, 2014 | 31-Dec-13 | |||||
Balance, beginning of time period | $ | 5,834 | $ | 6,707 | |||
Total gains or losses (realized/unrealized): | |||||||
Included in earnings | - | ||||||
Included in other comprehensive income | - | - | |||||
Purchases, sales, issuances and settlements, net | 392 | (873 | ) | ||||
Transfers in and/or out of Level 3 | - | - | |||||
Balance as of end of time period | $ | 6,226 | $ | 5,834 | |||
There were no gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held as of March 31, 2014. | |||||||
The following table measures financial assets and financial liabilities measured at fair value on a non-recurring basis as of March 31, 2014 and December 31, 2013, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: | |||||||
(in thousands) | At March 31, 2014 | At December 31, 2013 | |||||
Fair Value Measurements Using: Impaired Loans | |||||||
Level 1: Quoted Prices in Active Markets For Identical Assets | $ | - | $ | - | |||
Level 2: Significant Other Observable Inputs | 4,908 | 9,282 | |||||
Level 3: Significant Unobservable Inputs | 12,445 | 14,823 | |||||
Impaired loans measured at fair value | $ | 17,353 | $ | 24,105 | |||
Fair Value Measurements Using: Other Real Estate Owned | |||||||
Level 1: Quoted Prices in Active Markets For Identical Assets | $ | - | $ | - | |||
Level 2: Significant Other Observable Inputs | 2,743 | 3,357 | |||||
Level 3: Significant Unobservable Inputs | - | - | |||||
Other real estate owned measured at fair value | $ | 2,743 | $ | 3,357 | |||
ASC 825-10 provides the Company with an option to report selected financial assets and liabilities at fair value. The fair value option established by this statement permits the Company to choose to measure eligible items at fair value at specified election dates and report unrealized gains and losses on items for which the fair value option has been elected in earnings at each reporting date subsequent to implementation. | |||||||
The Company has chosen not to elect the fair value option for any items that are not already required to be measured at fair value in accordance with accounting principles generally accepted in the United States. | |||||||
Financial_Instruments
Financial Instruments | 3 Months Ended | ||||||||||||
Mar. 31, 2014 | |||||||||||||
Financial Instruments [Abstract] | ' | ||||||||||||
Financial Instruments | ' | ||||||||||||
Note 11. Financial Instruments | |||||||||||||
Fair value estimates are generally subjective in nature and are dependent upon a number of significant assumptions associated with each instrument or group of similar instruments, including estimates of discount rates, risks associated with specific financial instruments, estimates of future cash flows and relevant available market information. Fair value information is intended to represent an estimate of an amount at which a financial instrument could be exchanged in a current transaction between a willing buyer and seller engaging in an exchange transaction. However, since there are no established trading markets for a significant portion of the Company’s financial instruments, the Company may not be able to immediately settle financial instruments; as such, the fair values are not necessarily indicative of the amounts that could be realized through immediate settlement. In addition, the majority of the financial instruments, such as loans and deposits, are held to maturity and are realized or paid according to the contractual agreement with the customer. | |||||||||||||
Quoted market prices are used to estimate fair values when available. However, due to the nature of the financial instruments, in many instances quoted market prices are not available. Accordingly, estimated fair values have been estimated based on other valuation techniques, such as discounting estimated future cash flows using a rate commensurate with the risks involved or other acceptable methods. Fair values are estimated without regard to any premium or discount that may result from concentrations of ownership of financial instruments, possible income tax ramifications or estimated transaction costs. The fair value estimates are subjective in nature and involve matters of significant judgment and, therefore, cannot be determined with precision. Fair values are also estimated at a specific point in time and are based on interest rates and other assumptions at that date. As events change the assumptions underlying these estimates, the fair values of financial instruments will change. | |||||||||||||
Disclosure of fair values is not required for certain items such as lease financing, investments accounted for under the equity method of accounting, obligations of pension and other postretirement benefits, premises and equipment, other real estate, prepaid expenses, the value of long-term relationships with depositors (core deposit intangibles) and other customer relationships, other intangible assets and income tax assets and liabilities. Fair value estimates are presented for existing on- and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. In addition, the tax ramifications related to the realization of the unrealized gains and losses have not been considered in the estimates. Accordingly, the aggregate fair value amounts presented do not purport to represent and should not be considered representative of the underlying market or franchise value of the Company. | |||||||||||||
Because the standard permits many alternative calculation techniques and because numerous assumptions have been used to estimate the fair values, reasonable comparison of the fair value information with other financial institutions' fair value information cannot necessarily be made. The methods and assumptions used to estimate the fair values of financial instruments are as follows: | |||||||||||||
Cash and due from banks, interest-bearing deposits with banks, federal funds sold and federal funds purchased. | |||||||||||||
These items are generally short-term and the carrying amounts reported in the consolidated balance sheets are a reasonable estimation of the fair values. | |||||||||||||
Investment Securities. | |||||||||||||
Fair values are principally based on quoted market prices. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments or the use of discounted cash flow analyses. | |||||||||||||
Loans Held for Sale. | |||||||||||||
Fair values of mortgage loans held for sale are based on commitments on hand from investors or prevailing market prices. These loans are classified within level 3 of the fair value hierarchy. | |||||||||||||
Loans, net. | |||||||||||||
Market values are computed present values using net present value formulas. The present value is the sum of the present value of all projected cash flows on an item at a specified discount rate. The discount rate is set as an appropriate rate index, plus or minus an appropriate spread. These loans are classified within level 3 of the fair value hierarchy. | |||||||||||||
Accrued interest receivable. | |||||||||||||
The carrying amount of accrued interest receivable approximates its fair value. | |||||||||||||
Deposits. | |||||||||||||
Market values are actually computed present values using net present value formulas. The present value is the sum of the present value of all projected cash flows on an item at a specified discount rate. The discount rate is set as an appropriate rate index, plus or minus an appropriate spread. Deposits are classified within level 3 of the fair value hierarchy. | |||||||||||||
Accrued interest payable. | |||||||||||||
The carrying amount of accrued interest payable approximates its fair value. | |||||||||||||
Borrowings. | |||||||||||||
The carrying amount of federal funds purchased and other short-term borrowings approximate their fair values. The fair value of the Company’s long-term borrowings is computed using net present value formulas. The present value is the sum of the present value of all projected cash flows on an item at a specified discount rate. The discount rate is set as an appropriate rate index, plus or minus an appropriate spread. Borrowings are classified within level 3 of the fair value hierarchy. | |||||||||||||
Other Unrecognized Financial Instruments. | |||||||||||||
The fair value of commitments to extend credit is estimated using the fees charged to enter into similar legally binding agreements, taking into account the remaining terms of the agreements and customers' credit ratings. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. Noninterest-bearing deposits are held at cost. The fair values of letters of credit are based on fees charged for similar agreements or on estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date. At March 31, 2014 and December 31, 2013 the fair value of guarantees under commercial and standby letters of credit was not material. | |||||||||||||
The estimated fair values and carrying values of the financial instruments at March 31, 2014 and December 31, 2013 are presented in the following table: | |||||||||||||
March 31, 2014 | 31-Dec-13 | ||||||||||||
(in thousands) | Carrying Value | Estimated Fair Value | Carrying Value | Estimated Fair Value | |||||||||
Assets | |||||||||||||
Cash and cash equivalents | $ | 79,838 | $ | 79,838 | $ | 61,484 | $ | 61,484 | |||||
Securities, available for sale | $ | 473,104 | $ | 473,104 | $ | 484,211 | $ | 484,211 | |||||
Securities, held to maturity | $ | 146,597 | $ | 140,414 | $ | 150,293 | $ | 141,642 | |||||
Federal Home Loan Bank stock | $ | 999 | $ | 999 | $ | 1,835 | $ | 1,835 | |||||
Loans, net | $ | 709,911 | $ | 711,091 | $ | 703,166 | $ | 703,025 | |||||
Accrued interest receivable | $ | 6,414 | $ | 6,414 | $ | 6,258 | $ | 6,258 | |||||
Liabilities | |||||||||||||
Deposits | $ | 1,296,769 | $ | 1,265,465 | $ | 1,303,099 | $ | 1,265,898 | |||||
Borrowings | $ | 10,539 | $ | 10,539 | $ | 6,288 | $ | 6,288 | |||||
Accrued interest payable | $ | 2,517 | $ | 2,517 | $ | 2,364 | $ | 2,364 | |||||
There is no material difference between the contract amount and the estimated fair value of off-balance sheet items that are primarily comprised of short-term unfunded loan commitments that are generally at market prices. | |||||||||||||
Securities_Tables
Securities (Tables) | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||
Securities [Abstract] | ' | ||||||||||||||||||||||||
Summary comparison of securities by type | ' | ||||||||||||||||||||||||
A summary comparison of securities by type at March 31, 2014 and December 31, 2013 is shown below. | |||||||||||||||||||||||||
March 31, 2014 | 31-Dec-13 | ||||||||||||||||||||||||
(in thousands) | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | |||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
U.S Treasuries | $ | 30,000 | $ | - | $ | - | $ | 30,000 | $ | 36,000 | $ | - | $ | - | $ | 36,000 | |||||||||
U.S. Government Agencies | 302,825 | - | (11,286 | ) | 291,539 | 302,816 | - | (16,117 | ) | 286,699 | |||||||||||||||
Corporate debt securities | 130,961 | 4,535 | (934 | ) | 134,562 | 142,580 | 3,729 | (1,828 | ) | 144,481 | |||||||||||||||
Mutual funds or other equity securities | 564 | - | (6 | ) | 558 | 564 | - | (8 | ) | 556 | |||||||||||||||
Municipal bonds | 15,970 | 475 | - | 16,445 | 16,091 | 384 | - | 16,475 | |||||||||||||||||
Total available-for-sale securities | 480,320 | 5,010 | (12,226 | ) | 473,104 | 498,051 | 4,113 | (17,953 | ) | 484,211 | |||||||||||||||
Held to maturity: | |||||||||||||||||||||||||
U.S. Government Agencies | 84,474 | - | (4,242 | ) | 80,232 | 86,927 | - | (5,971 | ) | 80,956 | |||||||||||||||
Mortgage-backed securities | 62,123 | - | (1,941 | ) | 60,182 | 63,366 | - | (2,680 | ) | 60,686 | |||||||||||||||
Total held to maturity securities | $ | 146,597 | $ | - | $ | (6,183 | ) | $ | 140,414 | $ | 150,293 | $ | - | $ | (8,651 | ) | $ | 141,642 | |||||||
Investments classified by contractual maturity date | ' | ||||||||||||||||||||||||
The scheduled maturities of securities at March 31, 2014, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities due to call or prepayments. Mortgage-backed securities are not due at a single maturity because of amortization and potential prepayment of the underlying mortgages. For this reason they are presented separately in the maturity table below. | |||||||||||||||||||||||||
March 31, 2014 | |||||||||||||||||||||||||
(in thousands) | Amortized Cost | Fair Value | |||||||||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
Due in one year or less | $ | 40,015 | $ | 40,130 | |||||||||||||||||||||
Due after one year through five years | 192,283 | 192,199 | |||||||||||||||||||||||
Due after five years through 10 years | 208,387 | 203,221 | |||||||||||||||||||||||
Over 10 years | 39,635 | 37,554 | |||||||||||||||||||||||
Total available-for-sale securities | 480,320 | 473,104 | |||||||||||||||||||||||
Held to maturity: | |||||||||||||||||||||||||
Due in one year or less | - | - | |||||||||||||||||||||||
Due after one year through five years | 5,000 | 4,827 | |||||||||||||||||||||||
Due after five years through 10 years | 79,474 | 75,405 | |||||||||||||||||||||||
Over 10 years | - | - | |||||||||||||||||||||||
Subtotal | 84,474 | 80,232 | |||||||||||||||||||||||
Mortgage-backed Securities | 62,123 | 60,182 | |||||||||||||||||||||||
Total held to maturity securities | $ | 146,597 | $ | 140,414 | |||||||||||||||||||||
Schedule of unrealized loss on investments | ' | ||||||||||||||||||||||||
The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses: | |||||||||||||||||||||||||
At March 31, 2014 | |||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
(in thousands) | Number of Securities | Fair Value | Gross Unrealized Losses | Number of Securities | Fair Value | Gross Unrealized Losses | Number of Securities | Fair Value | Gross Unrealized Losses | ||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
U.S. Treasuries | 2 | $ | 20,000 | $ | - | - | $ | - | $ | - | 2 | $ | 20,000 | $ | - | ||||||||||
U.S. Government agencies | 59 | 211,356 | (7,160 | ) | 27 | 80,183 | (4,126 | ) | 86 | 291,539 | (11,286 | ) | |||||||||||||
Corporate debt securities | 79 | 23,106 | (611 | ) | 23 | 5,114 | (323 | ) | 102 | 28,220 | (934 | ) | |||||||||||||
Mutual funds or other equity securities | - | - | - | ) | 1 | 494 | (6 | ) | 1 | 494 | (6 | ) | |||||||||||||
Total available-for-sale securities | 140 | 254,462 | (7,771 | ) | 51 | 85,791 | (4,455 | ) | 191 | 340,253 | (12,226 | ) | |||||||||||||
Held to maturity: | |||||||||||||||||||||||||
U.S. Government agencies | 12 | 47,296 | (2,512 | ) | 8 | 32,936 | (1,730 | ) | 20 | 80,232 | (4,242 | ) | |||||||||||||
Mortgage-backed securities | 26 | 60,182 | (1,941 | ) | - | - | - | 26 | 60,182 | (1,941 | ) | ||||||||||||||
Total held to maturity securities | 38 | $ | 107,478 | $ | (4,453 | ) | 8 | $ | 32,936 | $ | (1,730 | ) | 46 | $ | 140,414 | $ | (6,183 | ) | |||||||
Schedule of exposure to investment securities issuers that exceeded 10 percent of stockholder's equity | ' | ||||||||||||||||||||||||
At March 31, 2014, the Company's exposure to investment securities issuers that exceeded 10% of stockholders’ equity is as follows: | |||||||||||||||||||||||||
At March 31, 2014 | |||||||||||||||||||||||||
(in thousands) | Amortized Cost | Fair Value | |||||||||||||||||||||||
U.S Treasury | $ | 30,000 | $ | 30,000 | |||||||||||||||||||||
Federal Home Loan Bank (FHLB) | 139,593 | 133,219 | |||||||||||||||||||||||
Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC) | 50,411 | 48,209 | |||||||||||||||||||||||
Federal National Mortgage Association (Fannie Mae-FNMA) | 137,773 | 133,111 | |||||||||||||||||||||||
Federal Farm Credit Bank (FFCB) | 121,645 | 117,414 | |||||||||||||||||||||||
Total | $ | 479,422 | $ | 461,953 | |||||||||||||||||||||
Loans_Tables
Loans (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||||
Loans [Abstract] | ' | ||||||||||||||||||||||||||||||
Financing receivables | ' | ||||||||||||||||||||||||||||||
The following table summarizes the components of the Company's loan portfolio as of March 31, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||||
March 31, 2014 | 31-Dec-13 | ||||||||||||||||||||||||||||||
(in thousands except for %) | Balance | As % of Category | Balance | As % of Category | |||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | 49,792 | 7 | % | $ | 47,550 | 6.7 | % | |||||||||||||||||||||||
Farmland | 9,759 | 1.4 | % | 9,826 | 1.4 | % | |||||||||||||||||||||||||
1- 4 Family | 107,613 | 15.1 | % | 103,764 | 14.7 | % | |||||||||||||||||||||||||
Multifamily | 13,688 | 2 | % | 13,771 | 2 | % | |||||||||||||||||||||||||
Non-farm non-residential | 334,889 | 47 | % | 336,071 | 47.7 | % | |||||||||||||||||||||||||
Total Real Estate | 515,741 | 72.5 | % | 510,982 | 72.5 | % | |||||||||||||||||||||||||
Non-real Estate: | |||||||||||||||||||||||||||||||
Agricultural | 20,675 | 2.9 | % | 21,749 | 3.1 | % | |||||||||||||||||||||||||
Commercial and industrial | 154,769 | 21.8 | % | 151,087 | 21.4 | % | |||||||||||||||||||||||||
Consumer and other | 20,463 | 2.8 | % | 20,917 | 3 | % | |||||||||||||||||||||||||
Total Non-real Estate | 195,907 | 27.5 | % | 193,753 | 27.5 | % | |||||||||||||||||||||||||
Total loans before unearned income | 711,648 | 100 | % | 704,735 | 100 | % | |||||||||||||||||||||||||
Unearned income | (1,737 | ) | (1,569 | ) | |||||||||||||||||||||||||||
Total loans net of unearned income | $ | 709,911 | $ | 703,166 | |||||||||||||||||||||||||||
Schedule of financing receivables, minimum payments | ' | ||||||||||||||||||||||||||||||
The following table summarizes fixed and floating rate loans by contractual maturity as of March 31, 2014 and December 31, 2013 unadjusted for scheduled principal payments, prepayments, or repricing opportunities. The average life of the loan portfolio may be substantially less than the contractual terms when these adjustments are considered. | |||||||||||||||||||||||||||||||
March 31, 2014 | 31-Dec-13 | ||||||||||||||||||||||||||||||
(in thousands) | Fixed | Floating | Total | Fixed | Floating | Total | |||||||||||||||||||||||||
One year or less | $ | 71,734 | $ | 63,967 | $ | 135,701 | $ | 60,642 | $ | 70,602 | $ | 131,244 | |||||||||||||||||||
One to five years | 207,552 | 221,336 | 428,888 | 220,490 | 209,587 | 430,077 | |||||||||||||||||||||||||
Five to 15 years | 73,908 | 31,273 | 105,181 | 71,655 | 26,076 | 97,731 | |||||||||||||||||||||||||
Over 15 years | 12,027 | 16,902 | 28,929 | 8,503 | 22,695 | 31,198 | |||||||||||||||||||||||||
Subtotal | $ | 365,221 | $ | 333,478 | 698,699 | $ | 361,290 | $ | 328,960 | 690,250 | |||||||||||||||||||||
Nonaccrual loans | 12,948 | 14,485 | |||||||||||||||||||||||||||||
Total loans before unearned income | 711,648 | 704,735 | |||||||||||||||||||||||||||||
Unearned income | (1,737 | ) | (1,569 | ) | |||||||||||||||||||||||||||
Total loans net of unearned income | $ | 709,911 | $ | 703,166 | |||||||||||||||||||||||||||
Past due financing receivables | ' | ||||||||||||||||||||||||||||||
The following tables present the age analysis of past due loans at March 31, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||||
As of March 31, 2014 | |||||||||||||||||||||||||||||||
(in thousands) | 30-89 Days Past Due | 90 Days or Greater | Total Past Due | Current | Total Loans | Recorded Investment 90 Days Accruing | |||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | 214 | $ | 117 | $ | 331 | $ | 49,461 | $ | 49,792 | $ | - | |||||||||||||||||||
Farmland | 16 | 95 | 111 | 9,648 | 9,759 | - | |||||||||||||||||||||||||
1 - 4 family | 2,924 | 4,202 | 7,126 | 100,487 | 107,613 | 187 | |||||||||||||||||||||||||
Multifamily | - | - | - | 13,688 | 13,688 | - | |||||||||||||||||||||||||
Non-farm non-residential | 1,954 | 6,466 | 8,420 | 326,469 | 334,889 | - | |||||||||||||||||||||||||
Total Real Estate | 5,108 | 10,880 | 15,988 | 499,753 | 515,741 | 187 | |||||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | 28 | 370 | 398 | 20,277 | 20,675 | - | |||||||||||||||||||||||||
Commercial and industrial | 52 | 1,878 | 1,930 | 152,839 | 154,769 | - | |||||||||||||||||||||||||
Consumer and other | 58 | 7 | 65 | 20,398 | 20,463 | - | |||||||||||||||||||||||||
Total Non-Real Estate | 138 | 2,255 | 2,393 | 193,514 | 195,907 | - | |||||||||||||||||||||||||
Total loans before unearned income | $ | 5,246 | $ | 13,135 | $ | 18,381 | $ | 693,267 | $ | 711,648 | $ | 187 | |||||||||||||||||||
Unearned income | (1,737 | ) | |||||||||||||||||||||||||||||
Total loans net of unearned income | $ | 709,911 | |||||||||||||||||||||||||||||
The following tables present the age analysis of past due loans for the periods indicated: | |||||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||||
(in thousands) | 30-89 Days Past Due | 90 Days or Greater Past Due | Total Past Due | Current | Total Loans | Recorded Investment 90 Days Accruing | |||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | 100 | $ | 73 | $ | 173 | $ | 47,377 | $ | 47,550 | $ | - | |||||||||||||||||||
Farmland | - | 130 | 130 | 9,696 | 9,826 | - | |||||||||||||||||||||||||
1 - 4 family | 3,534 | 4,662 | 8,196 | 95,568 | 103,764 | 414 | |||||||||||||||||||||||||
Multifamily | - | - | - | 13,771 | 13,771 | - | |||||||||||||||||||||||||
Non-farm non-residential | 154 | 7,539 | 7,693 | 328,378 | 336,071 | - | |||||||||||||||||||||||||
Total Real Estate | 3,788 | 12,404 | 16,192 | 494,790 | 510,982 | 414 | |||||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | - | 526 | 526 | 21,223 | 21,749 | - | |||||||||||||||||||||||||
Commercial and industrial | 63 | 1,946 | 2,009 | 149,078 | 151,087 | - | |||||||||||||||||||||||||
Consumer and other | 123 | 23 | 146 | 20,771 | 20,917 | - | |||||||||||||||||||||||||
Total Non-Real Estate | 186 | 2,495 | 2,681 | 191,072 | 193,753 | - | |||||||||||||||||||||||||
Total loans before unearned income | $ | 3,974 | $ | 14,899 | $ | 18,873 | $ | 685,862 | 704,735 | $ | 414 | ||||||||||||||||||||
Unearned income | (1,569 | ) | |||||||||||||||||||||||||||||
Total loans net of unearned income | $ | 703,166 | |||||||||||||||||||||||||||||
Schedule of financing receivables, non accrual status | ' | ||||||||||||||||||||||||||||||
The following is a summary of nonaccrual loans by class for the periods indicated: | |||||||||||||||||||||||||||||||
(in thousands) | 31-Mar-14 | December 31, 2013 | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | 117 | $ | 73 | |||||||||||||||||||||||||||
Farmland | 95 | 130 | |||||||||||||||||||||||||||||
1 - 4 family | 4,015 | 4,248 | |||||||||||||||||||||||||||||
Multifamily | - | - | |||||||||||||||||||||||||||||
Non-farm non-residential | 6,466 | 7,539 | |||||||||||||||||||||||||||||
Total Real Estate | 10,693 | 11,990 | |||||||||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | 370 | 526 | |||||||||||||||||||||||||||||
Commercial and industrial | 1,878 | 1,946 | |||||||||||||||||||||||||||||
Consumer and other | 7 | 23 | |||||||||||||||||||||||||||||
Total Non-Real Estate | 2,255 | 2,495 | |||||||||||||||||||||||||||||
Total Nonaccrual Loans | $ | 12,948 | $ | 14,485 | |||||||||||||||||||||||||||
Financing receivable credit quality indicators | ' | ||||||||||||||||||||||||||||||
The following table identifies the credit exposure of the loan portfolio by specific credit ratings as of the dates indicated: | |||||||||||||||||||||||||||||||
As of March 31, 2014 | As of December 31, 2013 | ||||||||||||||||||||||||||||||
(in thousands) | Pass | Special Mention | Substandard | Doubtful | Total | Pass | Special Mention | Substandard | Doubtful | Total | |||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | 43,010 | $ | 1,303 | $ | 5,479 | $ | - | $ | 49,792 | $ | 40,286 | $ | 1,330 | $ | 5,934 | $ | - | $ | 47,550 | |||||||||||
Farmland | 9,582 | 102 | 75 | - | 9,759 | 9,631 | 85 | 110 | - | 9,826 | |||||||||||||||||||||
1 - 4 family | 92,379 | 5,661 | 9,573 | - | 107,613 | 89,623 | 4,060 | 10,081 | - | 103,764 | |||||||||||||||||||||
Multifamily | 5,816 | 6,531 | 1,341 | - | 13,688 | 5,884 | 5,936 | 1,951 | - | 13,771 | |||||||||||||||||||||
Non-farm non-residential | 304,755 | 11,028 | 19,106 | - | 334,889 | 305,992 | 9,196 | 20,883 | - | 336,071 | |||||||||||||||||||||
Total Real Estate | 455,542 | 24,625 | 35,574 | - | 515,741 | 451,416 | 20,607 | 38,959 | - | 510,982 | |||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | 20,418 | 10 | 247 | - | 20,675 | 21,486 | 11 | 252 | - | 21,749 | |||||||||||||||||||||
Commercial and industrial | 153,290 | 890 | 589 | - | 154,769 | 149,930 | 592 | 565 | - | 151,087 | |||||||||||||||||||||
Consumer and other | 20,249 | 154 | 60 | - | 20,463 | 20,720 | 117 | 80 | - | 20,917 | |||||||||||||||||||||
Total Non-Real Estate | 193,957 | 1,054 | 896 | - | 195,907 | 192,136 | 720 | 897 | - | 193,753 | |||||||||||||||||||||
Total loans before unearned income | $ | 649,499 | $ | 25,679 | $ | 36,470 | $ | - | 711,648 | $ | 643,552 | $ | 21,327 | $ | 39,856 | $ | - | 704,735 | |||||||||||||
Unearned income | (1,737 | ) | (1,569 | ) | |||||||||||||||||||||||||||
Total loans net of unearned income | $ | 709,911 | $ | 703,166 | |||||||||||||||||||||||||||
Allowance_for_Loan_Losses_Tabl
Allowance for Loan Losses (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||||
Allowance for Loan Losses [Abstract] | ' | ||||||||||||||||||||||||||||||
Allowance for credit losses on financing receivables | ' | ||||||||||||||||||||||||||||||
A summary of changes in the allowance for loan losses, by portfolio type, for the three months ended March 31, 2014 and 2013 are as follows: | |||||||||||||||||||||||||||||||
As of March 31, | |||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||
(in thousands) | Beginning | Charge-offs | Recoveries | Provision | Ending | Beginning | Charge-offs | Recoveries | Provision | Ending Allowance(3/31/13) | |||||||||||||||||||||
Allowance (12/31/13) | Allowance (3/31/14) | Allowance (12/31/12) | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | 1,530 | $ | - | $ | 1 | $ | 193 | $ | 1,724 | $ | 1,098 | $ | (219 | ) | $ | 1 | $ | 338 | $ | 1,218 | ||||||||||
Farmland | 17 | - | - | 1 | 18 | 50 | - | - | (13 | ) | 37 | ||||||||||||||||||||
1 - 4 family | 1,974 | (24 | ) | 30 | (321 | ) | 1,659 | 2,239 | (68 | ) | 22 | (1 | ) | 2,192 | |||||||||||||||||
Multifamily | 376 | - | - | 69 | 445 | 284 | - | - | - | 284 | |||||||||||||||||||||
Non-farm non-residential | 3,607 | (865 | ) | 6 | 489 | 3,237 | 3,666 | (898 | ) | 1 | 246 | 3,015 | |||||||||||||||||||
Total Real Estate | 7,504 | (889 | ) | 37 | 431 | 7,083 | 7,337 | (1,185 | ) | 24 | 570 | 6,746 | |||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | 46 | - | - | (8 | ) | 38 | 64 | - | 1 | (2 | ) | 63 | |||||||||||||||||||
Commercial and industrial | 2,176 | (149 | ) | 6 | (217 | ) | 1,816 | 2,488 | (679 | ) | 4 | 182 | 1,995 | ||||||||||||||||||
Consumer and other | 208 | (99 | ) | 56 | 25 | 190 | 233 | (65 | ) | 61 | (18 | ) | 211 | ||||||||||||||||||
Unallocated | 421 | - | - | 69 | 490 | 220 | - | - | 172 | 392 | |||||||||||||||||||||
Total Non-Real Estate | 2,851 | (248 | ) | 62 | (131 | ) | 2,534 | 3,005 | (744 | ) | 66 | 334 | 2,661 | ||||||||||||||||||
Total | $ | 10,355 | $ | (1,137 | ) | $ | 99 | $ | 300 | $ | 9,617 | $ | 10,342 | $ | (1,929 | ) | $ | 90 | $ | 904 | $ | 9,407 | |||||||||
A summary of the allowance and loans individually and collectively evaluated for impairment are as follows: | |||||||||||||||||||||||||||||||
As of March 31, 2014 | |||||||||||||||||||||||||||||||
(in thousands) | Allowance Individually Evaluated for Impairment | Allowance Collectively Evaluated for Impairment | Total Allowance for Credit Losses | Loans | Loans | Total Loans before Unearned Income | |||||||||||||||||||||||||
Individually Evaluated for Impairment | Collectively Evaluated for Impairment | ||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | 1,316 | $ | 408 | $ | 1,724 | $ | 5,327 | $ | 44,465 | $ | 49,792 | |||||||||||||||||||
Farmland | - | 18 | 18 | - | 9,759 | 9,759 | |||||||||||||||||||||||||
1 - 4 family | 26 | 1,633 | 1,659 | 2,856 | 104,757 | 107,613 | |||||||||||||||||||||||||
Multifamily | 301 | 144 | 445 | 1,341 | 12,347 | 13,688 | |||||||||||||||||||||||||
Non-farm non-residential | 538 | 2,699 | 3,237 | 17,791 | 317,098 | 334,889 | |||||||||||||||||||||||||
Total Real Estate | 2,181 | 4,902 | 7,083 | 27,315 | 488,426 | 515,741 | |||||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | - | 38 | 38 | - | 20,675 | 20,675 | |||||||||||||||||||||||||
Commercial and industrial | - | 1,816 | 1,816 | - | 154,769 | 154,769 | |||||||||||||||||||||||||
Consumer and other | - | 190 | 190 | - | 20,463 | 20,463 | |||||||||||||||||||||||||
Unallocated | - | 490 | 490 | ||||||||||||||||||||||||||||
Total Non-Real Estate | - | 2,534 | 2,534 | - | 195,907 | 195,907 | |||||||||||||||||||||||||
Total | $ | 2,181 | $ | 7,436 | $ | 9,617 | $ | 27,315 | $ | 684,333 | 711,648 | ||||||||||||||||||||
Unearned Income | (1,737 | ) | |||||||||||||||||||||||||||||
Total loans net of unearned income | $ | 709,911 | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||||
(in thousands) | Allowance Individually Evaluated for Impairment | Allowance Collectively Evaluated for Impairment | Total Allowance for Credit Losses | Loans | Loans | Total Loans before Unearned Income | |||||||||||||||||||||||||
Individually Evaluated for Impairment | Collectively Evaluated for Impairment | ||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | 1,166 | $ | 364 | $ | 1,530 | $ | 5,777 | $ | 41,773 | $ | 47,550 | |||||||||||||||||||
Farmland | - | 17 | 17 | - | 9,826 | 9,826 | |||||||||||||||||||||||||
1 - 4 family | 25 | 1,949 | 1,974 | 2,868 | 100,896 | 103,764 | |||||||||||||||||||||||||
Multifamily | 304 | 72 | 376 | 1,951 | 11,820 | 13,771 | |||||||||||||||||||||||||
Non-farm non-residential | 1,053 | 2,554 | 3,607 | 19,279 | 316,792 | 336,071 | |||||||||||||||||||||||||
Total Real Estate | 2,548 | 4,956 | 7,504 | 29,875 | 481,107 | 510,982 | |||||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | - | 46 | 46 | - | 21,749 | 21,749 | |||||||||||||||||||||||||
Commercial and industrial | - | 2,176 | 2,176 | - | 151,087 | 151,087 | |||||||||||||||||||||||||
Consumer and other | - | 208 | 208 | - | 20,917 | 20,917 | |||||||||||||||||||||||||
Unallocated | - | 421 | 421 | ||||||||||||||||||||||||||||
Total Non-Real Estate | - | 2,851 | 2,851 | - | 193,753 | 193,753 | |||||||||||||||||||||||||
Total | $ | 2,548 | $ | 7,807 | $ | 10,355 | $ | 29,875 | $ | 674,860 | 704,735 | ||||||||||||||||||||
Unearned Income | (1,569 | ) | |||||||||||||||||||||||||||||
Total loans net of unearned income | $ | 703,166 | |||||||||||||||||||||||||||||
Impaired financing receivables | ' | ||||||||||||||||||||||||||||||
The following is a summary of impaired loans by class as of the date indicated: | |||||||||||||||||||||||||||||||
As of March 31, 2014 | |||||||||||||||||||||||||||||||
(in thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | Interest Income Cash Basis | |||||||||||||||||||||||||
Impaired Loans with no related allowance: | |||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | 1,644 | $ | 1,644 | $ | - | $ | 1,851 | $ | 77 | $ | 78 | |||||||||||||||||||
Farmland | - | - | - | - | - | - | |||||||||||||||||||||||||
1 - 4 family | 441 | 441 | - | 441 | 10 | 10 | |||||||||||||||||||||||||
Multifamily | - | - | - | 602 | 16 | 17 | |||||||||||||||||||||||||
Non-farm non-residential | 7,877 | 8,739 | - | 8,408 | 139 | 138 | |||||||||||||||||||||||||
Total Real Estate | 9,962 | 10,824 | - | 11,302 | 242 | 243 | |||||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||
Commercial and industrial | - | - | - | - | - | - | |||||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | |||||||||||||||||||||||||
Total Non-Real Estate | - | - | - | - | - | - | |||||||||||||||||||||||||
Total Impaired Loans with no related allowance | 9,962 | 10,824 | - | 11,302 | 242 | 243 | |||||||||||||||||||||||||
Impaired Loans with an allowance recorded: | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||
Construction & land development | 3,683 | 3,683 | 1,316 | 3,767 | 89 | 89 | |||||||||||||||||||||||||
Farmland | - | - | - | - | - | - | |||||||||||||||||||||||||
1 - 4 family | 2,415 | 2,614 | 26 | 2,418 | 62 | 62 | |||||||||||||||||||||||||
Multifamily | 1,341 | 1,341 | 301 | 1,341 | 27 | 27 | |||||||||||||||||||||||||
Non-farm non-residential | 9,914 | 13,614 | 538 | 10,163 | 136 | 136 | |||||||||||||||||||||||||
Total Real Estate | 17,353 | 21,252 | 2,181 | 17,689 | 314 | 314 | |||||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||
Commercial and industrial | - | - | - | - | - | - | |||||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | |||||||||||||||||||||||||
Total Non-Real Estate | - | - | - | - | - | - | |||||||||||||||||||||||||
Total Impaired Loans with an allowance recorded | 17,353 | 21,252 | 2,181 | 17,689 | 314 | 314 | |||||||||||||||||||||||||
Total Impaired Loans | $ | 27,315 | $ | 32,076 | $ | 2,181 | $ | 28,991 | $ | 556 | $ | 557 | |||||||||||||||||||
The following is a summary of impaired loans by class as of the date indicated: | |||||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||||
(in thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | Interest Income Cash Basis | |||||||||||||||||||||||||
Impaired Loans with no related allowance: | |||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | - | $ | - | $ | - | $ | 599 | $ | 35 | $ | 36 | |||||||||||||||||||
Farmland | - | - | - | - | - | - | |||||||||||||||||||||||||
1 - 4 family | 441 | 441 | - | 472 | 28 | 35 | |||||||||||||||||||||||||
Multifamily | 607 | 607 | - | 5,890 | 359 | 382 | |||||||||||||||||||||||||
Non-farm non-residential | 4,722 | 5,456 | - | 7,579 | 425 | 527 | |||||||||||||||||||||||||
Total Real Estate | 5,770 | 6,504 | - | 14,540 | 847 | 980 | |||||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||
Commercial and industrial | - | - | - | 1,472 | 134 | 162 | |||||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | |||||||||||||||||||||||||
Total Non-Real Estate | - | - | - | 1,472 | 134 | 162 | |||||||||||||||||||||||||
Total Impaired Loans with no related allowance | 5,770 | 6,504 | - | 16,012 | 981 | 1,142 | |||||||||||||||||||||||||
Impaired Loans with an allowance recorded: | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||
Construction & land development | 5,777 | 5,777 | 1,166 | 6,345 | 383 | 360 | |||||||||||||||||||||||||
Farmland | - | - | - | - | - | - | |||||||||||||||||||||||||
1 - 4 family | 2,427 | 2,620 | 25 | 1,643 | 121 | 107 | |||||||||||||||||||||||||
Multifamily | 1,344 | 1,344 | 304 | 1,348 | 89 | 96 | |||||||||||||||||||||||||
Non-farm non-residential | 14,557 | 17,469 | 1,053 | 14,868 | 775 | 573 | |||||||||||||||||||||||||
Total Real Estate | 24,105 | 27,210 | 2,548 | 24,204 | 1,368 | 1,136 | |||||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | - | - | - | - | - | - | |||||||||||||||||||||||||
Commercial and industrial | - | - | - | - | - | - | |||||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | |||||||||||||||||||||||||
Total Non-Real Estate | - | - | - | - | - | - | |||||||||||||||||||||||||
Total Impaired Loans with an allowance recorded | 24,105 | 27,210 | 2,548 | 24,204 | 1,368 | 1,136 | |||||||||||||||||||||||||
Total Impaired Loans | $ | 29,875 | $ | 33,714 | $ | 2,548 | $ | 40,216 | $ | 2,349 | $ | 2,278 | |||||||||||||||||||
Troubled debt restructurings on financing receivables | ' | ||||||||||||||||||||||||||||||
The following table identifies the Troubled Debt Restructurings as of March 31, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||||
Troubled Debt Restructurings | 31-Mar-14 | 31-Dec-13 | |||||||||||||||||||||||||||||
Accruing Loans | Accruing Loans | ||||||||||||||||||||||||||||||
(in thousands) | Current | 30-89 Days Past Due | Nonaccrual | Total TDRs | Current | 30-89 Days Past Due | Nonaccrual | Total TDRs | |||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
Farmland | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
1-4 Family | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Multifamily | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Non-farm non residential | 3,006 | - | 230 | 3,236 | 3,006 | - | 230 | 3,236 | |||||||||||||||||||||||
Total Real Estate | 3,006 | - | 230 | 3,236 | 3,006 | - | 230 | 3,236 | |||||||||||||||||||||||
Non-Real Estate: | - | ||||||||||||||||||||||||||||||
Agricultural | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Commercial and industrial | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Total Non-Real Estate | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Total | $ | 3,006 | $ | - | $ | 230 | $ | 3,236 | $ | 3,006 | $ | - | $ | 230 | $ | 3,236 | |||||||||||||||
The following table discloses TDR activity for the three months ended March 31, 2014. | |||||||||||||||||||||||||||||||
Trouble Debt Restructured Loans Activity | |||||||||||||||||||||||||||||||
Three Months Ended March 31, 2014 | |||||||||||||||||||||||||||||||
(in thousands) | Beginning balance | New TDRs | Charge-offs post-modification | Transferred to ORE | Paydowns | Construction to permanent financing | Restructured to market terms | Ending balance | |||||||||||||||||||||||
(December 31, 2013) | (March 31, 2014) | ||||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||||
Construction & land development | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
Farmland | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
1 - 4 family | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Multifamily | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Non-farm non-residential | 3,236 | - | - | - | - | - | - | 3,236 | |||||||||||||||||||||||
Total Real Estate | 3,236 | - | - | - | - | - | - | 3,236 | |||||||||||||||||||||||
Non-Real Estate: | |||||||||||||||||||||||||||||||
Agricultural | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Commercial and industrial | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Consumer and other | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Total Non-Real Estate | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
Total Impaired Loans with no related allowance | $ | 3,236 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,236 |
Other_Real_Estate_ORE_Tables
Other Real Estate (ORE) (Tables) | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Other Real Estate (ORE) [Abstract] | ' | ||||||
Other real estate | ' | ||||||
Other real estate owned consists of the following at the dates indicated: | |||||||
(in thousands) | 31-Mar-14 | 31-Dec-13 | |||||
Real Estate Owned Acquired by Foreclosure: | |||||||
Residential | $ | 1,480 | $ | 1,803 | |||
Construction & land development | 463 | 754 | |||||
Non-farm non-residential | 800 | 800 | |||||
Total Other Real Estate Owned and Foreclosed Property | $ | 2,743 | $ | 3,357 | |||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Commitments and Contingencies [Abstract] | ' | ||||||
Schedule of notional amounts of financial instruments with off-balance sheet risk | ' | ||||||
Below is a summary of the notional amounts of the financial instruments with off-balance sheet risk at March 31, 2014 and December 31, 2013: | |||||||
Contract Amount | |||||||
(in thousands) | 31-Mar-14 | 31-Dec-13 | |||||
Commitments to Extend Credit | $ | 42,469 | $ | 30,516 | |||
Unfunded Commitments under lines of credit | $ | 110,172 | $ | 115,311 | |||
Commercial and Standby letters of credit | $ | 7,667 | $ | 7,695 | |||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Tables) | 3 Months Ended | |||
Mar. 31, 2014 | ||||
Accumulated Other Comprehensive Income [Abstract] | ' | |||
Schedule of accumulated other comprehensive income | ' | |||
The following table details the changes in the single component of accumulated other comprehensive income for the three months ended March 31, 2014: | ||||
(in thousands) | Unrealized (Loss) Gain on Securities Available for Sale | |||
Accumulated Other Comprehensive (Loss) Income: | ||||
Balance December 31, 2013 | $ | -9,134 | ||
Reclassification adjustments to net income: | ||||
Realized gains on securities | (153 | ) | ||
Provision for income taxes | 52 | |||
Unrealized losses arising during the period, net of tax | 4,473 | |||
Balance March 31, 2014 | $ | (4,762 | ) | |
The following table details the changes in the single component of accumulated other comprehensive income for the three months ended March 31, 2013: | ||||
(in thousands) | Unrealized (Loss) Gain on Securities Available for Sale | |||
Accumulated Other Comprehensive (Loss) Income: | ||||
Balance December 31, 2012 | $ | 6,048 | ||
Reclassification adjustments to net income: | ||||
Realized gains on securities | (777 | ) | ||
Provision for income taxes | 264 | |||
Unrealized losses arising during the period, net of tax | (363 | ) | ||
Balance March 31, 2013 | $ | 5,171 | ||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Fair Value Measurements [Abstract] | ' | ||||||
Fair value, assets measured on recurring basis | ' | ||||||
The following table summarizes financial assets measured at fair value on a recurring basis as of March 31, 2014 and December 31, 2013, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: | |||||||
(in thousands) | 31-Mar-14 | 31-Dec-13 | |||||
Available for Sale Securities Fair Value Measurements Using: | |||||||
Level 1: Quoted Prices in Active Markets For Identical Assets | $ | 30,494 | $ | 36,492 | |||
Level 2: Significant Other Observable Inputs | 436,384 | 441,885 | |||||
Level 3: Significant Unobservable Inputs | 6,226 | 5,834 | |||||
Securities available for sale measured at fair value | $ | 473,104 | $ | 484,211 | |||
Fair Value, assets measured on recurring basis, unobservable input reconciliation | ' | ||||||
The following table reconciles assets measured at fair value on a recurring basis using unobservable inputs (Level 3): | |||||||
Level 3 Changes | |||||||
(in thousands) | March 31, 2014 | 31-Dec-13 | |||||
Balance, beginning of time period | $ | 5,834 | $ | 6,707 | |||
Total gains or losses (realized/unrealized): | |||||||
Included in earnings | - | ||||||
Included in other comprehensive income | - | - | |||||
Purchases, sales, issuances and settlements, net | 392 | (873 | ) | ||||
Transfers in and/or out of Level 3 | - | - | |||||
Balance as of end of time period | $ | 6,226 | $ | 5,834 | |||
Fair value measurements, nonrecurring | ' | ||||||
The following table measures financial assets and financial liabilities measured at fair value on a non-recurring basis as of March 31, 2014 and December 31, 2013, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: | |||||||
(in thousands) | At March 31, 2014 | At December 31, 2013 | |||||
Fair Value Measurements Using: Impaired Loans | |||||||
Level 1: Quoted Prices in Active Markets For Identical Assets | $ | - | $ | - | |||
Level 2: Significant Other Observable Inputs | 4,908 | 9,282 | |||||
Level 3: Significant Unobservable Inputs | 12,445 | 14,823 | |||||
Impaired loans measured at fair value | $ | 17,353 | $ | 24,105 | |||
Fair Value Measurements Using: Other Real Estate Owned | |||||||
Level 1: Quoted Prices in Active Markets For Identical Assets | $ | - | $ | - | |||
Level 2: Significant Other Observable Inputs | 2,743 | 3,357 | |||||
Level 3: Significant Unobservable Inputs | - | - | |||||
Other real estate owned measured at fair value | $ | 2,743 | $ | 3,357 | |||
Financial_Instruments_Tables
Financial Instruments (Tables) | 3 Months Ended | ||||||||||||
Mar. 31, 2014 | |||||||||||||
Financial Instruments [Abstract] | ' | ||||||||||||
Schedule of estimated fair values and carrying values of financial instruments | ' | ||||||||||||
The estimated fair values and carrying values of the financial instruments at March 31, 2014 and December 31, 2013 are presented in the following table: | |||||||||||||
March 31, 2014 | 31-Dec-13 | ||||||||||||
(in thousands) | Carrying Value | Estimated Fair Value | Carrying Value | Estimated Fair Value | |||||||||
Assets | |||||||||||||
Cash and cash equivalents | $ | 79,838 | $ | 79,838 | $ | 61,484 | $ | 61,484 | |||||
Securities, available for sale | $ | 473,104 | $ | 473,104 | $ | 484,211 | $ | 484,211 | |||||
Securities, held to maturity | $ | 146,597 | $ | 140,414 | $ | 150,293 | $ | 141,642 | |||||
Federal Home Loan Bank stock | $ | 999 | $ | 999 | $ | 1,835 | $ | 1,835 | |||||
Loans, net | $ | 709,911 | $ | 711,091 | $ | 703,166 | $ | 703,025 | |||||
Accrued interest receivable | $ | 6,414 | $ | 6,414 | $ | 6,258 | $ | 6,258 | |||||
Liabilities | |||||||||||||
Deposits | $ | 1,296,769 | $ | 1,265,465 | $ | 1,303,099 | $ | 1,265,898 | |||||
Borrowings | $ | 10,539 | $ | 10,539 | $ | 6,288 | $ | 6,288 | |||||
Accrued interest payable | $ | 2,517 | $ | 2,517 | $ | 2,364 | $ | 2,364 | |||||
Securities_Details
Securities (Details) (USD $) | 3 Months Ended | ||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | |
Security | |||
Summary comparison, Available-for-sale securities [Abstract] | ' | ' | ' |
Amortized Cost | $480,320,000 | ' | $498,051,000 |
Gross Unrealized Gains | 5,010,000 | ' | 4,113,000 |
Gross Unrealized Losses | -12,226,000 | ' | -17,953,000 |
Fair Value | 473,104,000 | ' | 484,211,000 |
Available-for-sale Securities, Debt Maturities, Cost [Abstract] | ' | ' | ' |
Due in one year or less, Amortized Cost | 40,015,000 | ' | ' |
Due after one year through five years, Amortized Cost | 192,283,000 | ' | ' |
Due after five years through 10 years, Amortized Cost | 208,387,000 | ' | ' |
Over 10 years, Amortized Cost | 39,635,000 | ' | ' |
Amortized cost | 480,320,000 | ' | ' |
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract] | ' | ' | ' |
Due in one year or less, Fair Value | 40,130,000 | ' | ' |
Due after one year through five years, Fair Value | 192,199,000 | ' | ' |
Due after five years through 10 years, Fair Value | 203,221,000 | ' | ' |
Over 10 years, Fair Value | 37,554,000 | ' | ' |
Fair Value | 473,104,000 | ' | 484,211,000 |
Available-for-sale Securities, Temporarily Impaired Securities [Abstract] | ' | ' | ' |
Less than 12 months, number of securities | 140 | ' | ' |
12 months or more, number of securities | 51 | ' | ' |
Number of Securities, Total | 191 | ' | ' |
Less Than 12 Months, Fair Value | 254,462,000 | ' | ' |
12 Months or More, Fair Value | 85,791,000 | ' | ' |
Available-For-Sale Securities, Fair Value, Total | 340,253,000 | ' | ' |
Less Than 12 Months, Gross Unrealized losses | -7,771,000 | ' | ' |
12 Months or More, Gross Unrealized Losses | -4,455,000 | ' | ' |
Gross Unrealized Losses, Total | -12,226,000 | ' | ' |
Exposure to Investment Securities [Abstract] | ' | ' | ' |
Exposure to investment securities issuers threshold percentage of stockholder's equity (in hundredths) | 10.00% | ' | ' |
Amortized Cost | 619,701,000 | ' | 634,504,000 |
Summary comparison, Held to maturity [Abstract] | ' | ' | ' |
Amortized Cost | 146,597,000 | ' | 150,293,000 |
Gross Unrealized Gains | 0 | ' | 0 |
Gross Unrealized Losses | -6,183,000 | ' | -8,651,000 |
Fair Value | 140,414,000 | ' | 141,642,000 |
Held-to-maturity Securities, Debt Maturities, Net Carrying Amount [Abstract] | ' | ' | ' |
Due in one year or less, Amortized Cost | 0 | ' | ' |
Due after one year through five years, Amortized Cost | 5,000,000 | ' | ' |
Due after five years through 10 years, Amortized Cost | 79,474,000 | ' | ' |
Over 10 years, Amortized Cost | 0 | ' | ' |
Subtotal, Amortized Cost | 84,474,000 | ' | ' |
Mortgage-backed securities, Amortized Cost | 62,123,000 | ' | ' |
Total held to maturity, Amortized Cost | 146,597,000 | ' | ' |
Held-to-maturity Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract] | ' | ' | ' |
Due in one year or less, Fair Value | 0 | ' | ' |
Due after on year through five years, Fair Value | 4,827,000 | ' | ' |
Due after five years through 10 years, Fair Value | 75,405,000 | ' | ' |
Over 10 years, Fair Value | 0 | ' | ' |
Subtotal, Fair Value | 80,232,000 | ' | ' |
Mortgage-backed securities, Fair Value | 60,182,000 | ' | ' |
Total held to maturity securities, Fair Value | 140,414,000 | ' | ' |
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract] | ' | ' | ' |
Less than 12 months,, number of securities | 38 | ' | ' |
12 months or more, number of securities | 8 | ' | ' |
Number of Securities, Total | 46 | ' | ' |
Less Than 12 Months, Fair Value | 107,478,000 | ' | ' |
12 Months or More, Fair Value | 32,936,000 | ' | ' |
Total Held to Maturity Securities , Fair Value | 140,414,000 | ' | ' |
Less Than 12 Months, Gross Unrealized losses | -4,453,000 | ' | ' |
12 Months or More, Gross Unrealized Losses | -1,730,000 | ' | ' |
Total Held-to-Maturity Securities, Gross Unrealized Losses | -6,183,000 | ' | ' |
Securities Disclosures [Abstract] | ' | ' | ' |
Pledged securities as collateral for public fund deposits and borrowings | 493,800,000 | ' | ' |
Pledged securities, market value | 487,600,000 | ' | ' |
Proceeds from sales of securities, available for sale | 10,100,000 | 3,700,000 | ' |
US Government Agencies [Member] | ' | ' | ' |
Summary comparison, Held to maturity [Abstract] | ' | ' | ' |
Amortized Cost | 84,474,000 | ' | 86,927,000 |
Gross Unrealized Gains | 0 | ' | 0 |
Gross Unrealized Losses | -4,242,000 | ' | -5,971,000 |
Fair Value | 80,232,000 | ' | 80,956,000 |
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract] | ' | ' | ' |
Less than 12 months,, number of securities | 12 | ' | ' |
12 months or more, number of securities | 8 | ' | ' |
Number of Securities, Total | 20 | ' | ' |
Less Than 12 Months, Fair Value | 47,296,000 | ' | ' |
12 Months or More, Fair Value | 32,936,000 | ' | ' |
Total Held to Maturity Securities , Fair Value | 80,232,000 | ' | ' |
Less Than 12 Months, Gross Unrealized losses | -2,512,000 | ' | ' |
12 Months or More, Gross Unrealized Losses | -1,730,000 | ' | ' |
Total Held-to-Maturity Securities, Gross Unrealized Losses | -4,242,000 | ' | ' |
Mortgage-backed Securities [Member] | ' | ' | ' |
Summary comparison, Held to maturity [Abstract] | ' | ' | ' |
Amortized Cost | 62,123,000 | ' | 63,366,000 |
Gross Unrealized Gains | 0 | ' | 0 |
Gross Unrealized Losses | -1,941,000 | ' | -2,680,000 |
Fair Value | 60,182,000 | ' | 60,686,000 |
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract] | ' | ' | ' |
Less than 12 months,, number of securities | 26 | ' | ' |
12 months or more, number of securities | 0 | ' | ' |
Number of Securities, Total | 26 | ' | ' |
Less Than 12 Months, Fair Value | 60,182,000 | ' | ' |
12 Months or More, Fair Value | 0 | ' | ' |
Total Held to Maturity Securities , Fair Value | 60,182,000 | ' | ' |
Less Than 12 Months, Gross Unrealized losses | -1,941,000 | ' | ' |
12 Months or More, Gross Unrealized Losses | 0 | ' | ' |
Total Held-to-Maturity Securities, Gross Unrealized Losses | -1,941,000 | ' | ' |
U.S. Treasuries [Member] | ' | ' | ' |
Summary comparison, Available-for-sale securities [Abstract] | ' | ' | ' |
Amortized Cost | 30,000,000 | ' | 36,000,000 |
Gross Unrealized Gains | 0 | ' | 0 |
Gross Unrealized Losses | 0 | ' | 0 |
Fair Value | 30,000,000 | ' | 36,000,000 |
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract] | ' | ' | ' |
Fair Value | 30,000,000 | ' | 36,000,000 |
Available-for-sale Securities, Temporarily Impaired Securities [Abstract] | ' | ' | ' |
Less than 12 months, number of securities | 2 | ' | ' |
12 months or more, number of securities | 0 | ' | ' |
Number of Securities, Total | 2 | ' | ' |
Less Than 12 Months, Fair Value | 20,000,000 | ' | ' |
12 Months or More, Fair Value | 0 | ' | ' |
Available-For-Sale Securities, Fair Value, Total | 20,000,000 | ' | ' |
Less Than 12 Months, Gross Unrealized losses | 0 | ' | ' |
12 Months or More, Gross Unrealized Losses | 0 | ' | ' |
Gross Unrealized Losses, Total | 0 | ' | ' |
U.S. Government Agencies [Member] | ' | ' | ' |
Summary comparison, Available-for-sale securities [Abstract] | ' | ' | ' |
Amortized Cost | 302,825,000 | ' | 302,816,000 |
Gross Unrealized Gains | 0 | ' | 0 |
Gross Unrealized Losses | -11,286,000 | ' | -16,117,000 |
Fair Value | 291,539,000 | ' | 286,699,000 |
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract] | ' | ' | ' |
Fair Value | 291,539,000 | ' | 286,699,000 |
Available-for-sale Securities, Temporarily Impaired Securities [Abstract] | ' | ' | ' |
Less than 12 months, number of securities | 59 | ' | ' |
12 months or more, number of securities | 27 | ' | ' |
Number of Securities, Total | 86 | ' | ' |
Less Than 12 Months, Fair Value | 211,356,000 | ' | ' |
12 Months or More, Fair Value | 80,183,000 | ' | ' |
Available-For-Sale Securities, Fair Value, Total | 291,539,000 | ' | ' |
Less Than 12 Months, Gross Unrealized losses | -7,160,000 | ' | ' |
12 Months or More, Gross Unrealized Losses | -4,126,000 | ' | ' |
Gross Unrealized Losses, Total | -11,286,000 | ' | ' |
Corporate Debt Securities [Member] | ' | ' | ' |
Summary comparison, Available-for-sale securities [Abstract] | ' | ' | ' |
Amortized Cost | 130,961,000 | ' | 142,580,000 |
Gross Unrealized Gains | 4,535,000 | ' | 3,729,000 |
Gross Unrealized Losses | -934,000 | ' | -1,828,000 |
Fair Value | 134,562,000 | ' | 144,481,000 |
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract] | ' | ' | ' |
Fair Value | 134,562,000 | ' | 144,481,000 |
Available-for-sale Securities, Temporarily Impaired Securities [Abstract] | ' | ' | ' |
Less than 12 months, number of securities | 79 | ' | ' |
12 months or more, number of securities | 23 | ' | ' |
Number of Securities, Total | 102 | ' | ' |
Less Than 12 Months, Fair Value | 23,106,000 | ' | ' |
12 Months or More, Fair Value | 5,114,000 | ' | ' |
Available-For-Sale Securities, Fair Value, Total | 28,220,000 | ' | ' |
Less Than 12 Months, Gross Unrealized losses | -611,000 | ' | ' |
12 Months or More, Gross Unrealized Losses | -323,000 | ' | ' |
Gross Unrealized Losses, Total | -934,000 | ' | ' |
Mutual Funds or Other Equity Securities [Member] | ' | ' | ' |
Summary comparison, Available-for-sale securities [Abstract] | ' | ' | ' |
Amortized Cost | 564,000 | ' | 564,000 |
Gross Unrealized Gains | 0 | ' | 0 |
Gross Unrealized Losses | -6,000 | ' | -8,000 |
Fair Value | 558,000 | ' | 556,000 |
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract] | ' | ' | ' |
Fair Value | 558,000 | ' | 556,000 |
Available-for-sale Securities, Temporarily Impaired Securities [Abstract] | ' | ' | ' |
Less than 12 months, number of securities | 0 | ' | ' |
12 months or more, number of securities | 1 | ' | ' |
Number of Securities, Total | 1 | ' | ' |
Less Than 12 Months, Fair Value | 0 | ' | ' |
12 Months or More, Fair Value | 494,000 | ' | ' |
Available-For-Sale Securities, Fair Value, Total | 494,000 | ' | ' |
Less Than 12 Months, Gross Unrealized losses | 0 | ' | ' |
12 Months or More, Gross Unrealized Losses | -6,000 | ' | ' |
Gross Unrealized Losses, Total | -6,000 | ' | ' |
Municipal Bonds [Member] | ' | ' | ' |
Summary comparison, Available-for-sale securities [Abstract] | ' | ' | ' |
Amortized Cost | 15,970,000 | ' | 16,091,000 |
Gross Unrealized Gains | 475,000 | ' | 384,000 |
Gross Unrealized Losses | 0 | ' | 0 |
Fair Value | 16,445,000 | ' | 16,475,000 |
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract] | ' | ' | ' |
Fair Value | 16,445,000 | ' | 16,475,000 |
Exceeds 10 percent of stockholders' equity [Member] | ' | ' | ' |
Exposure to Investment Securities [Abstract] | ' | ' | ' |
Amortized Cost | 479,422,000 | ' | ' |
Fair Value | 461,953,000 | ' | ' |
Exceeds 10 percent of stockholders' equity [Member] | U.S. Treasuries [Member] | ' | ' | ' |
Exposure to Investment Securities [Abstract] | ' | ' | ' |
Amortized Cost | 30,000,000 | ' | ' |
Fair Value | 30,000,000 | ' | ' |
Exceeds 10 percent of stockholders' equity [Member] | Federal Home Loan Bank (FHLB) [Member] | ' | ' | ' |
Exposure to Investment Securities [Abstract] | ' | ' | ' |
Amortized Cost | 139,593,000 | ' | ' |
Fair Value | 133,219,000 | ' | ' |
Exceeds 10 percent of stockholders' equity [Member] | Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC) [Member] | ' | ' | ' |
Exposure to Investment Securities [Abstract] | ' | ' | ' |
Amortized Cost | 50,411,000 | ' | ' |
Fair Value | 48,209,000 | ' | ' |
Exceeds 10 percent of stockholders' equity [Member] | Federal National Mortgage Association (Fannie Mae-FNMA) [Member] | ' | ' | ' |
Exposure to Investment Securities [Abstract] | ' | ' | ' |
Amortized Cost | 137,773,000 | ' | ' |
Fair Value | 133,111,000 | ' | ' |
Exceeds 10 percent of stockholders' equity [Member] | Federal Farm Credit Bank (FFCB) [Member] | ' | ' | ' |
Exposure to Investment Securities [Abstract] | ' | ' | ' |
Amortized Cost | 121,645,000 | ' | ' |
Fair Value | $117,414,000 | ' | ' |
Loans_Details
Loans (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans | $711,648 | $704,735 |
Percent of category (in hundredths) | 100.00% | 100.00% |
Unearned income | -1,737 | -1,569 |
Total loans net of unearned income | 709,911 | 703,166 |
Fixed and Floating Rate Loans by Maturity and Repricing Frequencies [Abstract] | ' | ' |
One year or less | 135,701 | 131,244 |
One to five years | 428,888 | 430,077 |
Five to 15 years | 105,181 | 97,731 |
Over 15 years | 28,929 | 31,198 |
Subtotal | 698,699 | 690,250 |
Nonaccrual loans | 12,948 | 14,485 |
Total loans before unearned income | 711,648 | 704,735 |
Unearned income | -1,737 | -1,569 |
Total loans net of unearned income | 709,911 | 703,166 |
Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans | 515,741 | 510,982 |
Percent of category (in hundredths) | 72.50% | 72.50% |
Fixed and Floating Rate Loans by Maturity and Repricing Frequencies [Abstract] | ' | ' |
Nonaccrual loans | 10,693 | 11,990 |
Real Estate [Member] | Construction & Land Development [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans | 49,792 | 47,550 |
Percent of category (in hundredths) | 7.00% | 6.70% |
Fixed and Floating Rate Loans by Maturity and Repricing Frequencies [Abstract] | ' | ' |
Nonaccrual loans | 117 | 73 |
Real Estate [Member] | Farmland [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans | 9,759 | 9,826 |
Percent of category (in hundredths) | 1.40% | 1.40% |
Fixed and Floating Rate Loans by Maturity and Repricing Frequencies [Abstract] | ' | ' |
Nonaccrual loans | 95 | 130 |
Real Estate [Member] | 1- 4 Family [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans | 107,613 | 103,764 |
Percent of category (in hundredths) | 15.10% | 14.70% |
Fixed and Floating Rate Loans by Maturity and Repricing Frequencies [Abstract] | ' | ' |
Nonaccrual loans | 4,015 | 4,248 |
Real Estate [Member] | Multifamily [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans | 13,688 | 13,771 |
Percent of category (in hundredths) | 2.00% | 2.00% |
Fixed and Floating Rate Loans by Maturity and Repricing Frequencies [Abstract] | ' | ' |
Nonaccrual loans | 0 | 0 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans | 334,889 | 336,071 |
Percent of category (in hundredths) | 47.00% | 47.70% |
Fixed and Floating Rate Loans by Maturity and Repricing Frequencies [Abstract] | ' | ' |
Nonaccrual loans | 6,466 | 7,539 |
Non-Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans | 195,907 | 193,753 |
Percent of category (in hundredths) | 27.50% | 27.50% |
Fixed and Floating Rate Loans by Maturity and Repricing Frequencies [Abstract] | ' | ' |
Nonaccrual loans | 2,255 | 2,495 |
Non-Real Estate [Member] | Agricultural [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans | 20,675 | 21,749 |
Percent of category (in hundredths) | 2.90% | 3.10% |
Fixed and Floating Rate Loans by Maturity and Repricing Frequencies [Abstract] | ' | ' |
Nonaccrual loans | 370 | 526 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans | 154,769 | 151,087 |
Percent of category (in hundredths) | 21.80% | 21.40% |
Fixed and Floating Rate Loans by Maturity and Repricing Frequencies [Abstract] | ' | ' |
Nonaccrual loans | 1,878 | 1,946 |
Non-Real Estate [Member] | Consumer and Other [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans | 20,463 | 20,917 |
Percent of category (in hundredths) | 2.80% | 3.00% |
Fixed and Floating Rate Loans by Maturity and Repricing Frequencies [Abstract] | ' | ' |
Nonaccrual loans | 7 | 23 |
Fixed Rate Loans [Member] | ' | ' |
Fixed and Floating Rate Loans by Maturity and Repricing Frequencies [Abstract] | ' | ' |
One year or less | 71,734 | 60,642 |
One to five years | 207,552 | 220,490 |
Five to 15 years | 73,908 | 71,655 |
Over 15 years | 12,027 | 8,503 |
Subtotal | 365,221 | 361,290 |
Floating Rate Loans [Member] | ' | ' |
Fixed and Floating Rate Loans by Maturity and Repricing Frequencies [Abstract] | ' | ' |
One year or less | 63,967 | 70,602 |
One to five years | 221,336 | 209,587 |
Five to 15 years | 31,273 | 26,076 |
Over 15 years | 16,902 | 22,695 |
Subtotal | $333,478 | $328,960 |
Loans_Receivables_Past_Due_Det
Loans, Receivables Past Due (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
30-89 Days Past Due | $5,246,000 | $3,974,000 |
90 Days or Greater | 13,135,000 | 14,899,000 |
Total Past Due | 18,381,000 | 18,873,000 |
Current | 693,267,000 | 685,862,000 |
Total Loans | 711,648,000 | 704,735,000 |
Recorded Investment, 90 Days Accruing | 187,000 | 414,000 |
Unearned income | -1,737,000 | -1,569,000 |
Total loans net of unearned income | 709,911,000 | 703,166,000 |
Floor rate of nonaccrual status loans | 206,600,000 | 209,500,000 |
Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
30-89 Days Past Due | 5,108,000 | 3,788,000 |
90 Days or Greater | 10,880,000 | 12,404,000 |
Total Past Due | 15,988,000 | 16,192,000 |
Current | 499,753,000 | 494,790,000 |
Total Loans | 515,741,000 | 510,982,000 |
Recorded Investment, 90 Days Accruing | 187,000 | 414,000 |
Real Estate [Member] | Construction & Land Development [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
30-89 Days Past Due | 214,000 | 100,000 |
90 Days or Greater | 117,000 | 73,000 |
Total Past Due | 331,000 | 173,000 |
Current | 49,461,000 | 47,377,000 |
Total Loans | 49,792,000 | 47,550,000 |
Recorded Investment, 90 Days Accruing | 0 | 0 |
Real Estate [Member] | Farmland [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
30-89 Days Past Due | 16,000 | 0 |
90 Days or Greater | 95,000 | 130,000 |
Total Past Due | 111,000 | 130,000 |
Current | 9,648,000 | 9,696,000 |
Total Loans | 9,759,000 | 9,826,000 |
Recorded Investment, 90 Days Accruing | 0 | 0 |
Real Estate [Member] | 1- 4 Family [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
30-89 Days Past Due | 2,924,000 | 3,534,000 |
90 Days or Greater | 4,202,000 | 4,662,000 |
Total Past Due | 7,126,000 | 8,196,000 |
Current | 100,487,000 | 95,568,000 |
Total Loans | 107,613,000 | 103,764,000 |
Recorded Investment, 90 Days Accruing | 187,000 | 414,000 |
Real Estate [Member] | Multifamily [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
30-89 Days Past Due | 0 | 0 |
90 Days or Greater | 0 | 0 |
Total Past Due | 0 | 0 |
Current | 13,688,000 | 13,771,000 |
Total Loans | 13,688,000 | 13,771,000 |
Recorded Investment, 90 Days Accruing | 0 | 0 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
30-89 Days Past Due | 1,954,000 | 154,000 |
90 Days or Greater | 6,466,000 | 7,539,000 |
Total Past Due | 8,420,000 | 7,693,000 |
Current | 326,469,000 | 328,378,000 |
Total Loans | 334,889,000 | 336,071,000 |
Recorded Investment, 90 Days Accruing | 0 | 0 |
Non-Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
30-89 Days Past Due | 138,000 | 186,000 |
90 Days or Greater | 2,255,000 | 2,495,000 |
Total Past Due | 2,393,000 | 2,681,000 |
Current | 193,514,000 | 191,072,000 |
Total Loans | 195,907,000 | 193,753,000 |
Recorded Investment, 90 Days Accruing | 0 | 0 |
Non-Real Estate [Member] | Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
30-89 Days Past Due | 28,000 | 0 |
90 Days or Greater | 370,000 | 526,000 |
Total Past Due | 398,000 | 526,000 |
Current | 20,277,000 | 21,223,000 |
Total Loans | 20,675,000 | 21,749,000 |
Recorded Investment, 90 Days Accruing | 0 | 0 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
30-89 Days Past Due | 52,000 | 63,000 |
90 Days or Greater | 1,878,000 | 1,946,000 |
Total Past Due | 1,930,000 | 2,009,000 |
Current | 152,839,000 | 149,078,000 |
Total Loans | 154,769,000 | 151,087,000 |
Recorded Investment, 90 Days Accruing | 0 | 0 |
Non-Real Estate [Member] | Consumer and Other [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
30-89 Days Past Due | 58,000 | 123,000 |
90 Days or Greater | 7,000 | 23,000 |
Total Past Due | 65,000 | 146,000 |
Current | 20,398,000 | 20,771,000 |
Total Loans | 20,463,000 | 20,917,000 |
Recorded Investment, 90 Days Accruing | $0 | $0 |
Loans_Credit_Exposure_of_Portf
Loans, Credit Exposure of Portfolio (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | $711,648 | $704,735 |
Unearned income | -1,737 | -1,569 |
Total loans net of unearned income | 709,911 | 703,166 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 649,499 | 643,552 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 25,679 | 21,327 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 36,470 | 39,856 |
Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 515,741 | 510,982 |
Real Estate [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 455,542 | 451,416 |
Real Estate [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 24,625 | 20,607 |
Real Estate [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 35,574 | 38,959 |
Real Estate [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Real Estate [Member] | Construction and Land Development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 49,792 | 47,550 |
Real Estate [Member] | Construction and Land Development [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 43,010 | 40,286 |
Real Estate [Member] | Construction and Land Development [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 1,303 | 1,330 |
Real Estate [Member] | Construction and Land Development [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 5,479 | 5,934 |
Real Estate [Member] | Construction and Land Development [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Real Estate [Member] | Farmland [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 9,759 | 9,826 |
Real Estate [Member] | Farmland [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 9,582 | 9,631 |
Real Estate [Member] | Farmland [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 102 | 85 |
Real Estate [Member] | Farmland [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 75 | 110 |
Real Estate [Member] | Farmland [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Real Estate [Member] | 1- 4 Family [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 107,613 | 103,764 |
Real Estate [Member] | 1- 4 Family [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 92,379 | 89,623 |
Real Estate [Member] | 1- 4 Family [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 5,661 | 4,060 |
Real Estate [Member] | 1- 4 Family [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 9,573 | 10,081 |
Real Estate [Member] | 1- 4 Family [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Real Estate [Member] | Multifamily [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 13,688 | 13,771 |
Real Estate [Member] | Multifamily [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 5,816 | 5,884 |
Real Estate [Member] | Multifamily [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 6,531 | 5,936 |
Real Estate [Member] | Multifamily [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 1,341 | 1,951 |
Real Estate [Member] | Multifamily [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 334,889 | 336,071 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 304,755 | 305,992 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 11,028 | 9,196 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 19,106 | 20,883 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Non-Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 195,907 | 193,753 |
Non-Real Estate [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 193,957 | 192,136 |
Non-Real Estate [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 1,054 | 720 |
Non-Real Estate [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 896 | 897 |
Non-Real Estate [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Non-Real Estate [Member] | Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 20,675 | 21,749 |
Non-Real Estate [Member] | Agricultural [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 20,418 | 21,486 |
Non-Real Estate [Member] | Agricultural [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 10 | 11 |
Non-Real Estate [Member] | Agricultural [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 247 | 252 |
Non-Real Estate [Member] | Agricultural [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 154,769 | 151,087 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 153,290 | 149,930 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 890 | 592 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 589 | 565 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Non-Real Estate [Member] | Consumer and Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 20,463 | 20,917 |
Non-Real Estate [Member] | Consumer and Other [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 20,249 | 20,720 |
Non-Real Estate [Member] | Consumer and Other [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 154 | 117 |
Non-Real Estate [Member] | Consumer and Other [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 60 | 80 |
Non-Real Estate [Member] | Consumer and Other [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | $0 | $0 |
Allowance_for_Loan_Losses_Deta
Allowance for Loan Losses (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' |
Allowance at beginning of period | $10,355 | $10,342 | $10,342 |
Charge offs | -1,137 | -1,929 | ' |
Recoveries | 99 | 90 | ' |
Provision | 300 | 904 | ' |
Allowance at ending of period | 9,617 | 9,407 | 10,355 |
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | ' | ' | ' |
Allowance Individually Evaluated for Impairment | 2,181 | ' | 2,548 |
Allowance Collectively Evaluated for Impairment | 7,436 | ' | 7,807 |
Total Allowance for Credit Losses | 9,617 | 9,407 | 10,355 |
Loans Receivable [Abstract] | ' | ' | ' |
Loans Individually Evaluated for Impairment | 27,315 | ' | 29,875 |
Loans Collectively Evaluated for Impairment | 684,333 | ' | 674,860 |
Total Loans before Unearned Income | 711,648 | ' | 704,735 |
Unearned income | -1,737 | ' | -1,569 |
Total loans net of unearned income | 709,911 | ' | 703,166 |
Impaired Loans [Abstract] | ' | ' | ' |
Recorded investment - no related allowance | 9,962 | ' | 5,770 |
Unpaid principal balance - no related allowance | 10,824 | ' | 6,504 |
No related allowance | 0 | ' | 0 |
Average recorded investment - no related allowance | 11,302 | ' | 16,012 |
Interest income recognized - no related allowance | 242 | ' | 981 |
Interest income cash basis - no related allowance | 243 | ' | 1,142 |
Recorded investment - with related allowance | 17,353 | ' | 24,105 |
Unpaid principal balance - with related allowance | 21,252 | ' | 27,210 |
Related allowance | 2,181 | ' | 2,548 |
Average recorded investment - with related allowance | 17,689 | ' | 24,204 |
Interest income, recognized - with related allowance | 314 | ' | 1,368 |
Interest income, cash basis - with related allowance | 314 | ' | 1,136 |
Total Impaired Loans, Recorded Investment | 27,315 | ' | 29,875 |
Total Impaired Loans, Unpaid Principal Balance | 32,076 | ' | 33,714 |
Total Impaired Loans, Related Allowance | 2,181 | ' | 2,548 |
Total Impaired Loans, Average Recorded Investment | 28,991 | ' | 40,216 |
Total Impaired Loans, Interest Income Recognized | 556 | ' | 2,349 |
Total Impaired Loans, Interest Income Cash Basis | 557 | ' | 2,278 |
Troubled Debt Restructuring [Abstract] | ' | ' | ' |
Accruing Loans, Current | 3,006 | ' | 3,006 |
Accruing Loans, 30-89 Days Past Due | 0 | ' | 0 |
Nonaccrual | 230 | ' | 230 |
Total TDRs | 3,236 | ' | 3,236 |
TDR activity [Roll Forward] | ' | ' | ' |
Balance of TDRs | 3,236 | ' | ' |
New TDRs | 0 | ' | ' |
Charge-offs post-modification | 0 | ' | ' |
Transferred to ORE | 0 | ' | ' |
Paydowns | 0 | ' | ' |
Construction to permanent financing | 0 | ' | ' |
Restructured to market terms | 0 | ' | ' |
Balance of TDRs | 3,236 | ' | 3,236 |
Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' |
Allowance at beginning of period | 7,504 | 7,337 | 7,337 |
Charge offs | -889 | -1,185 | ' |
Recoveries | 37 | 24 | ' |
Provision | 431 | 570 | ' |
Allowance at ending of period | 7,083 | 6,746 | 7,504 |
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | ' | ' | ' |
Allowance Individually Evaluated for Impairment | 2,181 | ' | 2,548 |
Allowance Collectively Evaluated for Impairment | 4,902 | ' | 4,956 |
Total Allowance for Credit Losses | 7,083 | 6,746 | 7,504 |
Loans Receivable [Abstract] | ' | ' | ' |
Loans Individually Evaluated for Impairment | 27,315 | ' | 29,875 |
Loans Collectively Evaluated for Impairment | 488,426 | ' | 481,107 |
Total Loans before Unearned Income | 515,741 | ' | 510,982 |
Impaired Loans [Abstract] | ' | ' | ' |
Recorded investment - no related allowance | 9,962 | ' | 5,770 |
Unpaid principal balance - no related allowance | 10,824 | ' | 6,504 |
No related allowance | 0 | ' | 0 |
Average recorded investment - no related allowance | 11,302 | ' | 14,540 |
Interest income recognized - no related allowance | 242 | ' | 847 |
Interest income cash basis - no related allowance | 243 | ' | 980 |
Recorded investment - with related allowance | 17,353 | ' | 24,105 |
Unpaid principal balance - with related allowance | 21,252 | ' | 27,210 |
Related allowance | 2,181 | ' | 2,548 |
Average recorded investment - with related allowance | 17,689 | ' | 24,204 |
Interest income, recognized - with related allowance | 314 | ' | 1,368 |
Interest income, cash basis - with related allowance | 314 | ' | 1,136 |
Troubled Debt Restructuring [Abstract] | ' | ' | ' |
Accruing Loans, Current | 3,006 | ' | 3,006 |
Accruing Loans, 30-89 Days Past Due | 0 | ' | 0 |
Nonaccrual | 230 | ' | 230 |
Total TDRs | 3,236 | ' | 3,236 |
TDR activity [Roll Forward] | ' | ' | ' |
Balance of TDRs | 3,236 | ' | ' |
New TDRs | 0 | ' | ' |
Charge-offs post-modification | 0 | ' | ' |
Transferred to ORE | 0 | ' | ' |
Paydowns | 0 | ' | ' |
Construction to permanent financing | 0 | ' | ' |
Restructured to market terms | 0 | ' | ' |
Balance of TDRs | 3,236 | ' | 3,236 |
Non-Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' |
Allowance at beginning of period | 2,851 | 3,005 | 3,005 |
Charge offs | -248 | -744 | ' |
Recoveries | 62 | 66 | ' |
Provision | -131 | 334 | ' |
Allowance at ending of period | 2,534 | 2,661 | 2,851 |
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | ' | ' | ' |
Allowance Individually Evaluated for Impairment | 0 | ' | 0 |
Allowance Collectively Evaluated for Impairment | 2,534 | ' | 2,851 |
Total Allowance for Credit Losses | 2,534 | 2,661 | 2,851 |
Loans Receivable [Abstract] | ' | ' | ' |
Loans Individually Evaluated for Impairment | 0 | ' | 0 |
Loans Collectively Evaluated for Impairment | 195,907 | ' | 193,753 |
Total Loans before Unearned Income | 195,907 | ' | 193,753 |
Impaired Loans [Abstract] | ' | ' | ' |
Recorded investment - no related allowance | 0 | ' | 0 |
Unpaid principal balance - no related allowance | 0 | ' | 0 |
No related allowance | 0 | ' | 0 |
Average recorded investment - no related allowance | 0 | ' | 1,472 |
Interest income recognized - no related allowance | 0 | ' | 134 |
Interest income cash basis - no related allowance | 0 | ' | 162 |
Recorded investment - with related allowance | 0 | ' | 0 |
Unpaid principal balance - with related allowance | 0 | ' | 0 |
Related allowance | 0 | ' | 0 |
Average recorded investment - with related allowance | 0 | ' | 0 |
Interest income, recognized - with related allowance | 0 | ' | 0 |
Interest income, cash basis - with related allowance | 0 | ' | 0 |
Troubled Debt Restructuring [Abstract] | ' | ' | ' |
Accruing Loans, Current | 0 | ' | 0 |
Accruing Loans, 30-89 Days Past Due | 0 | ' | 0 |
Nonaccrual | 0 | ' | 0 |
Total TDRs | 0 | ' | 0 |
TDR activity [Roll Forward] | ' | ' | ' |
Balance of TDRs | 0 | ' | ' |
New TDRs | 0 | ' | ' |
Charge-offs post-modification | 0 | ' | ' |
Transferred to ORE | 0 | ' | ' |
Paydowns | 0 | ' | ' |
Construction to permanent financing | 0 | ' | ' |
Restructured to market terms | 0 | ' | ' |
Balance of TDRs | 0 | ' | 0 |
Construction & Land Development [Member] | Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' |
Allowance at beginning of period | 1,530 | 1,098 | 1,098 |
Charge offs | 0 | -219 | ' |
Recoveries | 1 | 1 | ' |
Provision | 193 | 338 | ' |
Allowance at ending of period | 1,724 | 1,218 | 1,530 |
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | ' | ' | ' |
Allowance Individually Evaluated for Impairment | 1,316 | ' | 1,166 |
Allowance Collectively Evaluated for Impairment | 408 | ' | 364 |
Total Allowance for Credit Losses | 1,724 | 1,218 | 1,530 |
Loans Receivable [Abstract] | ' | ' | ' |
Loans Individually Evaluated for Impairment | 5,327 | ' | 5,777 |
Loans Collectively Evaluated for Impairment | 44,465 | ' | 41,773 |
Total Loans before Unearned Income | 49,792 | ' | 47,550 |
Impaired Loans [Abstract] | ' | ' | ' |
Recorded investment - no related allowance | 1,644 | ' | 0 |
Unpaid principal balance - no related allowance | 1,644 | ' | 0 |
No related allowance | 0 | ' | 0 |
Average recorded investment - no related allowance | 1,851 | ' | 599 |
Interest income recognized - no related allowance | 77 | ' | 35 |
Interest income cash basis - no related allowance | 78 | ' | 36 |
Recorded investment - with related allowance | 3,683 | ' | 5,777 |
Unpaid principal balance - with related allowance | 3,683 | ' | 5,777 |
Related allowance | 1,316 | ' | 1,166 |
Average recorded investment - with related allowance | 3,767 | ' | 6,345 |
Interest income, recognized - with related allowance | 89 | ' | 383 |
Interest income, cash basis - with related allowance | 89 | ' | 360 |
Troubled Debt Restructuring [Abstract] | ' | ' | ' |
Accruing Loans, Current | 0 | ' | 0 |
Accruing Loans, 30-89 Days Past Due | 0 | ' | 0 |
Nonaccrual | 0 | ' | 0 |
Total TDRs | 0 | ' | 0 |
TDR activity [Roll Forward] | ' | ' | ' |
Balance of TDRs | 0 | ' | ' |
New TDRs | 0 | ' | ' |
Charge-offs post-modification | 0 | ' | ' |
Transferred to ORE | 0 | ' | ' |
Paydowns | 0 | ' | ' |
Construction to permanent financing | 0 | ' | ' |
Restructured to market terms | 0 | ' | ' |
Balance of TDRs | 0 | ' | 0 |
Farmland [Member] | Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' |
Allowance at beginning of period | 17 | 50 | 50 |
Charge offs | 0 | 0 | ' |
Recoveries | 0 | 0 | ' |
Provision | 1 | -13 | ' |
Allowance at ending of period | 18 | 37 | 17 |
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | ' | ' | ' |
Allowance Individually Evaluated for Impairment | 0 | ' | 0 |
Allowance Collectively Evaluated for Impairment | 18 | ' | 17 |
Total Allowance for Credit Losses | 18 | 37 | 17 |
Loans Receivable [Abstract] | ' | ' | ' |
Loans Individually Evaluated for Impairment | 0 | ' | 0 |
Loans Collectively Evaluated for Impairment | 9,759 | ' | 9,826 |
Total Loans before Unearned Income | 9,759 | ' | 9,826 |
Impaired Loans [Abstract] | ' | ' | ' |
Recorded investment - no related allowance | 0 | ' | 0 |
Unpaid principal balance - no related allowance | 0 | ' | 0 |
No related allowance | 0 | ' | 0 |
Average recorded investment - no related allowance | 0 | ' | 0 |
Interest income recognized - no related allowance | 0 | ' | 0 |
Interest income cash basis - no related allowance | 0 | ' | 0 |
Recorded investment - with related allowance | 0 | ' | 0 |
Unpaid principal balance - with related allowance | 0 | ' | 0 |
Related allowance | 0 | ' | 0 |
Average recorded investment - with related allowance | 0 | ' | 0 |
Interest income, recognized - with related allowance | 0 | ' | 0 |
Interest income, cash basis - with related allowance | 0 | ' | 0 |
Troubled Debt Restructuring [Abstract] | ' | ' | ' |
Accruing Loans, Current | 0 | ' | 0 |
Accruing Loans, 30-89 Days Past Due | 0 | ' | 0 |
Nonaccrual | 0 | ' | 0 |
Total TDRs | 0 | ' | 0 |
TDR activity [Roll Forward] | ' | ' | ' |
Balance of TDRs | 0 | ' | ' |
New TDRs | 0 | ' | ' |
Charge-offs post-modification | 0 | ' | ' |
Transferred to ORE | 0 | ' | ' |
Paydowns | 0 | ' | ' |
Construction to permanent financing | 0 | ' | ' |
Restructured to market terms | 0 | ' | ' |
Balance of TDRs | 0 | ' | 0 |
1- 4 Family [Member] | Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' |
Allowance at beginning of period | 1,974 | 2,239 | 2,239 |
Charge offs | -24 | -68 | ' |
Recoveries | 30 | 22 | ' |
Provision | -321 | -1 | ' |
Allowance at ending of period | 1,659 | 2,192 | 1,974 |
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | ' | ' | ' |
Allowance Individually Evaluated for Impairment | 26 | ' | 25 |
Allowance Collectively Evaluated for Impairment | 1,633 | ' | 1,949 |
Total Allowance for Credit Losses | 1,659 | 2,192 | 1,974 |
Loans Receivable [Abstract] | ' | ' | ' |
Loans Individually Evaluated for Impairment | 2,856 | ' | 2,868 |
Loans Collectively Evaluated for Impairment | 104,757 | ' | 100,896 |
Total Loans before Unearned Income | 107,613 | ' | 103,764 |
Impaired Loans [Abstract] | ' | ' | ' |
Recorded investment - no related allowance | 441 | ' | 441 |
Unpaid principal balance - no related allowance | 441 | ' | 441 |
No related allowance | 0 | ' | 0 |
Average recorded investment - no related allowance | 441 | ' | 472 |
Interest income recognized - no related allowance | 10 | ' | 28 |
Interest income cash basis - no related allowance | 10 | ' | 35 |
Recorded investment - with related allowance | 2,415 | ' | 2,427 |
Unpaid principal balance - with related allowance | 2,614 | ' | 2,620 |
Related allowance | 26 | ' | 25 |
Average recorded investment - with related allowance | 2,418 | ' | 1,643 |
Interest income, recognized - with related allowance | 62 | ' | 121 |
Interest income, cash basis - with related allowance | 62 | ' | 107 |
Troubled Debt Restructuring [Abstract] | ' | ' | ' |
Accruing Loans, Current | 0 | ' | 0 |
Accruing Loans, 30-89 Days Past Due | 0 | ' | 0 |
Nonaccrual | 0 | ' | 0 |
Total TDRs | 0 | ' | 0 |
TDR activity [Roll Forward] | ' | ' | ' |
Balance of TDRs | 0 | ' | ' |
New TDRs | 0 | ' | ' |
Charge-offs post-modification | 0 | ' | ' |
Transferred to ORE | 0 | ' | ' |
Paydowns | 0 | ' | ' |
Construction to permanent financing | 0 | ' | ' |
Restructured to market terms | 0 | ' | ' |
Balance of TDRs | 0 | ' | 0 |
Multifamily [Member] | Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' |
Allowance at beginning of period | 376 | 284 | 284 |
Charge offs | 0 | 0 | ' |
Recoveries | 0 | 0 | ' |
Provision | 69 | 0 | ' |
Allowance at ending of period | 445 | 284 | 376 |
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | ' | ' | ' |
Allowance Individually Evaluated for Impairment | 301 | ' | 304 |
Allowance Collectively Evaluated for Impairment | 144 | ' | 72 |
Total Allowance for Credit Losses | 445 | 284 | 376 |
Loans Receivable [Abstract] | ' | ' | ' |
Loans Individually Evaluated for Impairment | 1,341 | ' | 1,951 |
Loans Collectively Evaluated for Impairment | 12,347 | ' | 11,820 |
Total Loans before Unearned Income | 13,688 | ' | 13,771 |
Impaired Loans [Abstract] | ' | ' | ' |
Recorded investment - no related allowance | 0 | ' | 607 |
Unpaid principal balance - no related allowance | 0 | ' | 607 |
No related allowance | 0 | ' | 0 |
Average recorded investment - no related allowance | 602 | ' | 5,890 |
Interest income recognized - no related allowance | 16 | ' | 359 |
Interest income cash basis - no related allowance | 17 | ' | 382 |
Recorded investment - with related allowance | 1,341 | ' | 1,344 |
Unpaid principal balance - with related allowance | 1,341 | ' | 1,344 |
Related allowance | 301 | ' | 304 |
Average recorded investment - with related allowance | 1,341 | ' | 1,348 |
Interest income, recognized - with related allowance | 27 | ' | 89 |
Interest income, cash basis - with related allowance | 27 | ' | 96 |
Troubled Debt Restructuring [Abstract] | ' | ' | ' |
Accruing Loans, Current | 0 | ' | 0 |
Accruing Loans, 30-89 Days Past Due | 0 | ' | 0 |
Nonaccrual | 0 | ' | 0 |
Total TDRs | 0 | ' | 0 |
TDR activity [Roll Forward] | ' | ' | ' |
Balance of TDRs | 0 | ' | ' |
New TDRs | 0 | ' | ' |
Charge-offs post-modification | 0 | ' | ' |
Transferred to ORE | 0 | ' | ' |
Paydowns | 0 | ' | ' |
Construction to permanent financing | 0 | ' | ' |
Restructured to market terms | 0 | ' | ' |
Balance of TDRs | 0 | ' | 0 |
Non-Farm Non-Residential [Member] | Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' |
Allowance at beginning of period | 3,607 | 3,666 | 3,666 |
Charge offs | -865 | -898 | ' |
Recoveries | 6 | 1 | ' |
Provision | 489 | 246 | ' |
Allowance at ending of period | 3,237 | 3,015 | 3,607 |
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | ' | ' | ' |
Allowance Individually Evaluated for Impairment | 538 | ' | 1,053 |
Allowance Collectively Evaluated for Impairment | 2,699 | ' | 2,554 |
Total Allowance for Credit Losses | 3,237 | 3,015 | 3,607 |
Loans Receivable [Abstract] | ' | ' | ' |
Loans Individually Evaluated for Impairment | 17,791 | ' | 19,279 |
Loans Collectively Evaluated for Impairment | 317,098 | ' | 316,792 |
Total Loans before Unearned Income | 334,889 | ' | 336,071 |
Impaired Loans [Abstract] | ' | ' | ' |
Recorded investment - no related allowance | 7,877 | ' | 4,722 |
Unpaid principal balance - no related allowance | 8,739 | ' | 5,456 |
No related allowance | 0 | ' | 0 |
Average recorded investment - no related allowance | 8,408 | ' | 7,579 |
Interest income recognized - no related allowance | 139 | ' | 425 |
Interest income cash basis - no related allowance | 138 | ' | 527 |
Recorded investment - with related allowance | 9,914 | ' | 14,557 |
Unpaid principal balance - with related allowance | 13,614 | ' | 17,469 |
Related allowance | 538 | ' | 1,053 |
Average recorded investment - with related allowance | 10,163 | ' | 14,868 |
Interest income, recognized - with related allowance | 136 | ' | 775 |
Interest income, cash basis - with related allowance | 136 | ' | 573 |
Troubled Debt Restructuring [Abstract] | ' | ' | ' |
Accruing Loans, Current | 3,006 | ' | 3,006 |
Accruing Loans, 30-89 Days Past Due | 0 | ' | 0 |
Nonaccrual | 230 | ' | 230 |
Total TDRs | 3,236 | ' | 3,236 |
TDR activity [Roll Forward] | ' | ' | ' |
Balance of TDRs | 3,236 | ' | ' |
New TDRs | 0 | ' | ' |
Charge-offs post-modification | 0 | ' | ' |
Transferred to ORE | 0 | ' | ' |
Paydowns | 0 | ' | ' |
Construction to permanent financing | 0 | ' | ' |
Restructured to market terms | 0 | ' | ' |
Balance of TDRs | 3,236 | ' | 3,236 |
Agricultural [Member] | Non-Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' |
Allowance at beginning of period | 46 | 64 | 64 |
Charge offs | 0 | 0 | ' |
Recoveries | 0 | 1 | ' |
Provision | -8 | -2 | ' |
Allowance at ending of period | 38 | 63 | 46 |
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | ' | ' | ' |
Allowance Individually Evaluated for Impairment | 0 | ' | 0 |
Allowance Collectively Evaluated for Impairment | 38 | ' | 46 |
Total Allowance for Credit Losses | 38 | 63 | 46 |
Loans Receivable [Abstract] | ' | ' | ' |
Loans Individually Evaluated for Impairment | 0 | ' | 0 |
Loans Collectively Evaluated for Impairment | 20,675 | ' | 21,749 |
Total Loans before Unearned Income | 20,675 | ' | 21,749 |
Impaired Loans [Abstract] | ' | ' | ' |
Recorded investment - no related allowance | 0 | ' | 0 |
Unpaid principal balance - no related allowance | 0 | ' | 0 |
No related allowance | 0 | ' | 0 |
Average recorded investment - no related allowance | 0 | ' | 0 |
Interest income recognized - no related allowance | 0 | ' | 0 |
Interest income cash basis - no related allowance | 0 | ' | 0 |
Recorded investment - with related allowance | 0 | ' | 0 |
Unpaid principal balance - with related allowance | 0 | ' | 0 |
Related allowance | 0 | ' | 0 |
Average recorded investment - with related allowance | 0 | ' | 0 |
Interest income, recognized - with related allowance | 0 | ' | 0 |
Interest income, cash basis - with related allowance | 0 | ' | 0 |
Troubled Debt Restructuring [Abstract] | ' | ' | ' |
Accruing Loans, Current | 0 | ' | 0 |
Accruing Loans, 30-89 Days Past Due | 0 | ' | 0 |
Nonaccrual | 0 | ' | 0 |
Total TDRs | 0 | ' | 0 |
TDR activity [Roll Forward] | ' | ' | ' |
Balance of TDRs | 0 | ' | ' |
New TDRs | 0 | ' | ' |
Charge-offs post-modification | 0 | ' | ' |
Transferred to ORE | 0 | ' | ' |
Paydowns | 0 | ' | ' |
Construction to permanent financing | 0 | ' | ' |
Restructured to market terms | 0 | ' | ' |
Balance of TDRs | 0 | ' | 0 |
Commercial and Industrial [Member] | Non-Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' |
Allowance at beginning of period | 2,176 | 2,488 | 2,488 |
Charge offs | -149 | -679 | ' |
Recoveries | 6 | 4 | ' |
Provision | -217 | 182 | ' |
Allowance at ending of period | 1,816 | 1,995 | 2,176 |
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | ' | ' | ' |
Allowance Individually Evaluated for Impairment | 0 | ' | 0 |
Allowance Collectively Evaluated for Impairment | 1,816 | ' | 2,176 |
Total Allowance for Credit Losses | 1,816 | 1,995 | 2,176 |
Loans Receivable [Abstract] | ' | ' | ' |
Loans Individually Evaluated for Impairment | 0 | ' | 0 |
Loans Collectively Evaluated for Impairment | 154,769 | ' | 151,087 |
Total Loans before Unearned Income | 154,769 | ' | 151,087 |
Impaired Loans [Abstract] | ' | ' | ' |
Recorded investment - no related allowance | 0 | ' | 0 |
Unpaid principal balance - no related allowance | 0 | ' | 0 |
No related allowance | 0 | ' | 0 |
Average recorded investment - no related allowance | 0 | ' | 1,472 |
Interest income recognized - no related allowance | 0 | ' | 134 |
Interest income cash basis - no related allowance | 0 | ' | 162 |
Recorded investment - with related allowance | 0 | ' | 0 |
Unpaid principal balance - with related allowance | 0 | ' | 0 |
Related allowance | 0 | ' | 0 |
Average recorded investment - with related allowance | 0 | ' | 0 |
Interest income, recognized - with related allowance | 0 | ' | 0 |
Interest income, cash basis - with related allowance | 0 | ' | 0 |
Troubled Debt Restructuring [Abstract] | ' | ' | ' |
Accruing Loans, Current | 0 | ' | 0 |
Accruing Loans, 30-89 Days Past Due | 0 | ' | 0 |
Nonaccrual | 0 | ' | 0 |
Total TDRs | 0 | ' | 0 |
TDR activity [Roll Forward] | ' | ' | ' |
Balance of TDRs | 0 | ' | ' |
New TDRs | 0 | ' | ' |
Charge-offs post-modification | 0 | ' | ' |
Transferred to ORE | 0 | ' | ' |
Paydowns | 0 | ' | ' |
Construction to permanent financing | 0 | ' | ' |
Restructured to market terms | 0 | ' | ' |
Balance of TDRs | 0 | ' | 0 |
Consumer and Other [Member] | Non-Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' |
Allowance at beginning of period | 208 | 233 | 233 |
Charge offs | -99 | -65 | ' |
Recoveries | 56 | 61 | ' |
Provision | 25 | -18 | ' |
Allowance at ending of period | 190 | 211 | 208 |
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | ' | ' | ' |
Allowance Individually Evaluated for Impairment | 0 | ' | 0 |
Allowance Collectively Evaluated for Impairment | 190 | ' | 208 |
Total Allowance for Credit Losses | 190 | 211 | 208 |
Loans Receivable [Abstract] | ' | ' | ' |
Loans Individually Evaluated for Impairment | 0 | ' | 0 |
Loans Collectively Evaluated for Impairment | 20,463 | ' | 20,917 |
Total Loans before Unearned Income | 20,463 | ' | 20,917 |
Impaired Loans [Abstract] | ' | ' | ' |
Recorded investment - no related allowance | 0 | ' | 0 |
Unpaid principal balance - no related allowance | 0 | ' | 0 |
No related allowance | 0 | ' | 0 |
Average recorded investment - no related allowance | 0 | ' | 0 |
Interest income recognized - no related allowance | 0 | ' | 0 |
Interest income cash basis - no related allowance | 0 | ' | 0 |
Recorded investment - with related allowance | 0 | ' | 0 |
Unpaid principal balance - with related allowance | 0 | ' | 0 |
Related allowance | 0 | ' | 0 |
Average recorded investment - with related allowance | 0 | ' | 0 |
Interest income, recognized - with related allowance | 0 | ' | 0 |
Interest income, cash basis - with related allowance | 0 | ' | 0 |
Troubled Debt Restructuring [Abstract] | ' | ' | ' |
Accruing Loans, Current | 0 | ' | 0 |
Accruing Loans, 30-89 Days Past Due | 0 | ' | 0 |
Nonaccrual | 0 | ' | 0 |
Total TDRs | 0 | ' | 0 |
TDR activity [Roll Forward] | ' | ' | ' |
Balance of TDRs | 0 | ' | ' |
New TDRs | 0 | ' | ' |
Charge-offs post-modification | 0 | ' | ' |
Transferred to ORE | 0 | ' | ' |
Paydowns | 0 | ' | ' |
Construction to permanent financing | 0 | ' | ' |
Restructured to market terms | 0 | ' | ' |
Balance of TDRs | 0 | ' | 0 |
Unallocated [Member] | Non-Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' |
Allowance at beginning of period | 421 | 220 | 220 |
Charge offs | 0 | 0 | ' |
Recoveries | 0 | 0 | ' |
Provision | 69 | 172 | ' |
Allowance at ending of period | 490 | 392 | ' |
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | ' | ' | ' |
Allowance Individually Evaluated for Impairment | 0 | ' | 0 |
Allowance Collectively Evaluated for Impairment | 490 | ' | 421 |
Total Allowance for Credit Losses | $490 | $392 | ' |
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 |
Core Deposits [Member] | |||
Company's purchased accounting intangible assets subject to amortization [Line Items] | ' | ' | ' |
Goodwill | $1,999,000 | $1,999,000 | ' |
Mortgage servicing rights | $100,000 | $100,000 | ' |
Weighted-average amortization | ' | ' | '7 years |
Other_Real_Estate_ORE_Details
Other Real Estate (ORE) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Real Estate Owned Acquired by Foreclosure [Abstract] | ' | ' |
Residential | $1,480,000 | $1,803,000 |
Construction & land development | 463,000 | 754,000 |
Non-farm non-residential | 800,000 | 800,000 |
Total Other Real Estate Owned and Foreclosed Property | 2,743,000 | 3,357,000 |
Loans secured by one to four family residential properties in the process of foreclosure | $1,000,000 | ' |
Commitments_and_Contingencies_1
Commitments and Contingencies (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Commitments to Extend Credit [Member] | ' | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Notional value | $42,469 | $30,516 |
Unfunded Commitments Under Lines of Credit [Member] | ' | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Notional value | 110,172 | 115,311 |
Commercial and Standby Letters of Credit [Member] | ' | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Notional value | $7,667 | $7,695 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Accumulated Other Comprehensive Income Loss [Line Items] | ' | ' |
Balance, beginning of period | ($9,134) | ' |
Reclassification adjustment to net income: | ' | ' |
Provision for income taxes | 1,447 | 1,117 |
Balance, end of period | -4,762 | ' |
Unrealized Gain (Loss) on Securities Available for Sale [Member] | ' | ' |
Accumulated Other Comprehensive Income Loss [Line Items] | ' | ' |
Balance, beginning of period | -9,134 | 6,048 |
Reclassification adjustment to net income: | ' | ' |
Realized gains on securities | -153 | -777 |
Provision for income taxes | 52 | 264 |
Unrealized losses arising during the period, net of tax | 4,473 | -363 |
Balance, end of period | ($4,762) | $5,171 |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (USD $) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2014 | Dec. 31, 2013 | |
Assets measured on a nonrecurring basis [Abstract] | ' | ' |
Principal payment on municipal bonds | $400,000 | ' |
Reconciliation assets measured at fair value on a recurring basis using unobservable inputs (Level 3) [Roll Forward] | ' | ' |
Balance, beginning of year | 5,834,000 | 6,707,000 |
Total gains or losses (realized/unrealized) [Abstract] | ' | ' |
Included in earnings | 0 | 0 |
Included in other comprehensive income | 0 | 0 |
Purchases, sales, issuances and settlements, net | 392,000 | -873,000 |
Transfers in and/or out of Level 3 | 0 | 0 |
Balance as of end of year | 6,226,000 | 5,834,000 |
Recurring Basis [Member] | ' | ' |
Assets measured on recurring basis [Abstract] | ' | ' |
Securities available for sale measured at fair value | 473,104,000 | 484,211,000 |
Recurring Basis [Member] | Level 1: Quoted Prices in Active Markets For Identical Assets [Member] | ' | ' |
Assets measured on recurring basis [Abstract] | ' | ' |
Securities available for sale measured at fair value | 30,494,000 | 36,492,000 |
Recurring Basis [Member] | Level 2: Significant Other Observable Inputs [Member] | ' | ' |
Assets measured on recurring basis [Abstract] | ' | ' |
Securities available for sale measured at fair value | 436,384,000 | 441,885,000 |
Recurring Basis [Member] | Level 3: Significant Unobservable Inputs [Member] | ' | ' |
Assets measured on recurring basis [Abstract] | ' | ' |
Securities available for sale measured at fair value | 6,226,000 | 5,834,000 |
Non-Recurring Basis [Member] | ' | ' |
Assets measured on a nonrecurring basis [Abstract] | ' | ' |
Impaired loans measured at fair value | 17,353,000 | 24,105,000 |
Other real estate owned measured at fair value | 2,743,000 | 3,357,000 |
Non-Recurring Basis [Member] | Level 1: Quoted Prices in Active Markets For Identical Assets [Member] | ' | ' |
Assets measured on a nonrecurring basis [Abstract] | ' | ' |
Impaired loans measured at fair value | 0 | 0 |
Other real estate owned measured at fair value | 0 | 0 |
Non-Recurring Basis [Member] | Level 2: Significant Other Observable Inputs [Member] | ' | ' |
Assets measured on a nonrecurring basis [Abstract] | ' | ' |
Impaired loans measured at fair value | 4,908,000 | 9,282,000 |
Other real estate owned measured at fair value | 2,743,000 | 3,357,000 |
Non-Recurring Basis [Member] | Level 3: Significant Unobservable Inputs [Member] | ' | ' |
Assets measured on a nonrecurring basis [Abstract] | ' | ' |
Impaired loans measured at fair value | 12,445,000 | 14,823,000 |
Other real estate owned measured at fair value | $0 | $0 |
Financial_Instruments_Details
Financial Instruments (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Carrying Value [Member] | ' | ' |
Assets [Abstract] | ' | ' |
Cash and cash equivalents | $79,838 | $61,484 |
Securities, available for sale | 473,104 | 484,211 |
Securities, held to maturity | 146,597 | 150,293 |
Federal Home Loan Bank stock | 999 | 1,835 |
Loans, net | 709,911 | 703,166 |
Accrued interest receivable | 6,414 | 6,258 |
Liabilities [Abstract] | ' | ' |
Deposits | 1,296,769 | 1,303,099 |
Borrowings | 10,539 | 6,288 |
Accrued interest payable | 2,517 | 2,364 |
Estimated Fair Value [Member] | ' | ' |
Assets [Abstract] | ' | ' |
Cash and cash equivalents | 79,838 | 61,484 |
Securities, available for sale | 473,104 | 484,211 |
Securities, held to maturity | 140,414 | 141,642 |
Federal Home Loan Bank stock | 999 | 1,835 |
Loans, net | 711,091 | 703,025 |
Accrued interest receivable | 6,414 | 6,258 |
Liabilities [Abstract] | ' | ' |
Deposits | 1,265,465 | 1,265,898 |
Borrowings | 10,539 | 6,288 |
Accrued interest payable | $2,517 | $2,364 |