Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 30, 2013 | |
Entity Information [Line Items] | ' | ' |
Entity Registrant Name | 'MIDWESTONE FINANCIAL GROUP, INC. | ' |
Entity Central Index Key | '0001412665 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Amendment Flag | 'false | ' |
Entity Common Stock, Shares Outstanding | ' | 8,470,058 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $25,288 | $30,197 |
Interest-bearing deposits in banks | 778 | 16,242 |
Federal funds sold | 0 | 752 |
Cash and cash equivalents | 26,066 | 47,191 |
Investment securities: | ' | ' |
Available for sale securities | 490,148 | 557,541 |
Held to maturity (fair value of $30,743 as of September 30, 2013 and $32,920 as of December 31, 2012) | 32,825 | 32,669 |
Loans held for sale | 206 | 1,195 |
Loans | 1,076,837 | 1,035,284 |
Allowance for loan losses | -16,505 | -15,957 |
Net loans | 1,060,332 | 1,019,327 |
Loan pool participations, net | 28,071 | 35,650 |
Premises and equipment, net | 26,535 | 25,609 |
Accrued interest receivable | 10,554 | 10,292 |
Intangible assets, net | 8,971 | 9,469 |
Bank-owned life insurance | 29,367 | 28,676 |
Other real estate owned | 1,917 | 3,278 |
Assets held for sale | 0 | 764 |
Deferred income taxes | 7,217 | 776 |
Other assets | 16,316 | 20,382 |
Total assets | 1,738,525 | 1,792,819 |
LIABILITIES | ' | ' |
Non-interest-bearing demand | 201,886 | 190,491 |
Interest-bearing checking | 576,318 | 582,283 |
Savings | 94,043 | 91,603 |
Certificates of deposit under $100,000 | 270,275 | 312,489 |
Certificates of deposit $100,000 and over | 179,129 | 222,867 |
Total deposits | 1,321,651 | 1,399,733 |
Federal funds purchased | 8,395 | 0 |
Securities sold under agreements to repurchase | 58,663 | 68,823 |
Federal Home Loan Bank borrowings | 145,187 | 120,120 |
Deferred compensation liability | 3,492 | 3,555 |
Long-term debt | 15,464 | 15,464 |
Accrued interest payable | 1,267 | 1,475 |
Other liabilities | 8,872 | 9,717 |
Total liabilities | 1,562,991 | 1,618,887 |
SHAREHOLDERS' EQUITY | ' | ' |
Preferred stock, no par value; authorized 500,000 shares; no shares issued and outstanding at September 30, 2013 and December 31, 2012 | 0 | 0 |
Common stock, $1.00 par value; authorized 15,000,000 shares at September 30, 2013 and December 31, 2012; issued 8,690,398 shares at September 30, 2013 and December 31, 2012; outstanding 8,470,058 shares at September 30, 2013 and 8,480,488 shares at December 31, 2012 | 8,690 | 8,690 |
Additional paid-in capital | 80,314 | 80,383 |
Treasury stock at cost, 220,340 shares as of September 30, 2013 and 209,910 shares at December 31, 2012 | -3,796 | -3,316 |
Retained earnings | 88,110 | 77,125 |
Accumulated other comprehensive income | 2,216 | 11,050 |
Total shareholders' equity | 175,534 | 173,932 |
Total liabilities and shareholders' equity | $1,738,525 | $1,792,819 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets Parenthetical (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Fair value of investment securities held to maturity | $30,743 | $32,920 |
Preferred stock, par value | $0 | $0 |
Preferred stock, shares authorized | 500,000 | 500,000 |
Preferred stock, shares issued | 0 | 0 |
Common stock, par value | $1 | $1 |
Common stock, shares authorized | 15,000,000 | 15,000,000 |
Common stock, shares issued | 8,690,398 | 8,690,398 |
Common stock, shares outstanding | 8,470,058 | 8,480,488 |
Shares of Treasury stock | 220,340 | 209,910 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Interest income: | ' | ' | ' | ' |
Interest and fees on loans | $12,215 | $12,760 | $36,606 | $38,639 |
Interest and discount on loan pool participations | 226 | 886 | 1,916 | 1,741 |
Interest on bank deposits | 2 | 7 | 8 | 29 |
Interest on federal funds sold | 0 | 0 | 0 | 1 |
Interest on investment securities: | ' | ' | ' | ' |
Taxable securities | 2,395 | 2,654 | 7,571 | 8,224 |
Tax-exempt securities | 1,278 | 1,279 | 3,973 | 3,744 |
Total interest income | 16,116 | 17,586 | 50,074 | 52,378 |
Interest expense: | ' | ' | ' | ' |
Interest-bearing checking | 544 | 691 | 1,815 | 2,281 |
Savings | 34 | 36 | 105 | 105 |
Certificates of deposit under $100,000 | 987 | 1,433 | 3,347 | 4,519 |
Certificates of deposit $100,000 and over | 493 | 715 | 1,695 | 2,242 |
Total interest expense on deposits | 2,058 | 2,875 | 6,962 | 9,147 |
Interest on federal funds purchased | 10 | 6 | 37 | 11 |
Interest on securities sold under agreements to repurchase | 31 | 43 | 96 | 145 |
Interest on Federal Home Loan Bank borrowings | 671 | 767 | 2,068 | 2,353 |
Interest on notes payable | 7 | 8 | 22 | 26 |
Interest on long-term debt | 74 | 168 | 224 | 503 |
Total interest expense | 2,851 | 3,867 | 9,409 | 12,185 |
Net interest income | 13,265 | 13,719 | 40,665 | 40,193 |
Provision for loan losses | 250 | 575 | 1,050 | 1,729 |
Net interest income after provision for loan losses | 13,015 | 13,144 | 39,615 | 38,464 |
Noninterest income: | ' | ' | ' | ' |
Trust, investment and insurance fees | 1,297 | 1,294 | 4,069 | 3,767 |
Service charges and fees on deposit accounts | 786 | 846 | 2,236 | 2,424 |
Mortgage origination and loan servicing fees | 1,083 | 919 | 2,844 | 2,514 |
Other service charges, commissions and fees | 406 | 303 | 1,574 | 1,636 |
Bank-owned life insurance income | 230 | 225 | 691 | 676 |
Impairment losses on investment securities | 0 | -337 | 0 | -337 |
Gain on sale or call of available for sale securities (Includes $84 reclassified from accumulated other comprehensive income for net gains on available for sale securities for the nine months ended September 30, 2013) | 0 | 8 | 84 | 741 |
Gain (loss) on sale of premises and equipment | -2 | 0 | -4 | 4,205 |
Total noninterest income | 3,800 | 3,258 | 11,494 | 15,626 |
Noninterest expense: | ' | ' | ' | ' |
Salaries and employee benefits | 6,099 | 6,207 | 18,565 | 24,167 |
Net occupancy and equipment expense | 1,580 | 1,537 | 4,806 | 4,741 |
Professional fees | 615 | 612 | 2,016 | 2,137 |
Data processing expense | 364 | 443 | 1,092 | 1,258 |
FDIC insurance expense | 255 | 326 | 845 | 929 |
Amortization of intangible assets | 166 | 195 | 498 | 584 |
Other operating expense | 1,204 | 1,393 | 4,040 | 4,280 |
Total noninterest expense | 10,283 | 10,713 | 31,862 | 38,096 |
Income before income tax expense | 6,532 | 5,689 | 19,247 | 15,994 |
Income tax expense (Includes $32 income tax expense reclassified from accumulated other comprehensive income for the nine months ended September 30, 2013) | 1,668 | 1,451 | 5,062 | 3,812 |
Net income | $4,864 | $4,238 | $14,185 | $12,182 |
Share and Per share information: | ' | ' | ' | ' |
Ending number of shares outstanding | 8,470,058 | 8,487,518 | 8,470,058 | 8,487,518 |
Average number of shares outstanding | 8,468,755 | 8,483,918 | 8,478,928 | 8,484,404 |
Diluted average number of shares | 8,517,645 | 8,534,908 | 8,524,451 | 8,526,161 |
Earnings per common share - basic | $0.57 | $0.50 | $1.67 | $1.44 |
Earnings per common share - diluted | $0.57 | $0.50 | $1.66 | $1.43 |
Dividends paid per common share | $0.13 | $0.10 | $0.38 | $0.27 |
Consolidated_Statements_of_Ope1
Consolidated Statements of Operations Parenthetical Parentheticals (USD $) | 3 Months Ended | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 |
Accumulated other comprehensive income reclassifications for unrealized net gains on available for sale securities | $0 | $84 |
Income tax expense from reclassification items | $0 | $32 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income Statement (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Net income | $4,864 | $4,238 | $14,185 | $12,182 |
Other comprehensive income (loss), available for sale securities: | ' | ' | ' | ' |
Unrealized holding gains (losses) arising during period | -1,045 | 1,790 | -14,013 | 4,205 |
Reclassification adjustment for gains included in net income | 0 | -8 | -84 | -741 |
Income tax expense (benefit) | 387 | -665 | 5,263 | -1,295 |
Other comprehensive income (loss) on available for sale securities | -658 | 1,117 | -8,834 | 2,169 |
Other comprehensive income, pension plan: | ' | ' | ' | ' |
Reclassification of pension plan expense due to plan settlement | ' | ' | ' | 5,968 |
Income tax benefit | ' | ' | ' | -2,226 |
Defined benefit pension plans | ' | 0 | ' | 3,742 |
Other comprehensive income (loss), net of tax | -658 | 1,117 | -8,834 | 5,911 |
Comprehensive income | $4,206 | $5,355 | $5,351 | $18,093 |
Consolidated_Statements_of_Sha
Consolidated Statements of Shareholders' Equity (USD $) | Total | Preferred Stock | Common Stock | Additional Paid-in Capital | Treasury Stock | Retained Earnings | Accumulated Other Comprehensive Income (Loss) |
In Thousands | |||||||
Balance at Dec. 31, 2011 | $156,494 | $0 | $8,690 | $80,333 | ($2,312) | $63,646 | $6,137 |
Net income | 12,182 | ' | ' | ' | ' | 12,182 | ' |
Dividends paid on common stock | -2,250 | ' | ' | ' | ' | -2,250 | ' |
Stock options exercised | 421 | ' | ' | -21 | 442 | ' | ' |
Release/lapse of restriction on RSUs | 12 | ' | ' | -201 | 213 | ' | ' |
Repurchase of common stock | -1,445 | ' | ' | ' | -1,445 | ' | ' |
Stock compensation | 199 | ' | ' | 199 | ' | ' | ' |
Other comprehensive income (loss), net of tax | 5,911 | ' | ' | ' | ' | ' | 5,911 |
Balance at Sep. 30, 2012 | 171,524 | 0 | 8,690 | 80,310 | -3,102 | 73,578 | 12,048 |
Balance at Dec. 31, 2012 | 173,932 | 0 | 8,690 | 80,383 | -3,316 | 77,125 | 11,050 |
Net income | 14,185 | ' | ' | ' | ' | 14,185 | ' |
Dividends paid on common stock | -3,200 | ' | ' | ' | ' | -3,200 | ' |
Stock options exercised | 126 | ' | ' | -76 | 202 | ' | ' |
Release/lapse of restriction on RSUs | 18 | ' | ' | -267 | 285 | ' | ' |
Repurchase of common stock | -967 | ' | ' | ' | -967 | ' | ' |
Stock compensation | 274 | ' | ' | 274 | ' | ' | ' |
Other comprehensive income (loss), net of tax | -8,834 | ' | ' | ' | ' | ' | -8,834 |
Balance at Sep. 30, 2013 | $175,534 | $0 | $8,690 | $80,314 | ($3,796) | $88,110 | $2,216 |
Consolidated_Statements_of_Sha1
Consolidated Statements of Shareholders' Equity Parenthetical (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Dividends paid on common stock (per share) | $0.38 | $0.27 |
Stock options exercised (shares) | 30,678 | 38,204 |
Release/lapse of restriction on RSUs (shares) | 19,585 | 15,810 |
Repurchase of common stock (shares) | 40,713 | 86,083 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Cash flows from operating activities: | ' | ' |
Net income | $14,185 | $12,182 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Provision for loan losses | 1,050 | 1,729 |
Depreciation, amortization and accretion | 3,976 | 4,047 |
(Gain) loss on sale of premises and equipment | 4 | -4,205 |
Deferred income taxes | -1,178 | 503 |
Stock-based compensation | 274 | 199 |
Net gain on sale or call of available for sale securities | -84 | -741 |
Net (gain) loss on sale of other real estate owned | 169 | -95 |
Net gain on sale of loans held for sale | -1,123 | -1,466 |
Writedown of other real estate owned | 33 | 326 |
Other-than-temporary impairment of investment securities | 0 | 337 |
Origination of loans held for sale | 73,405 | 112,979 |
Proceeds from sales of loans held for sale | 75,517 | 114,744 |
Recognition of previously deferred expense related to pension plan settlement | 0 | 3,002 |
Pension plan contribution | 0 | -3,031 |
Increase in accrued interest receivable | -262 | -770 |
Increase in cash surrender value of bank-owned life insurance | -691 | -677 |
(Increase) decrease in other assets | 4,066 | -260 |
Decrease in deferred compensation liability | -63 | -68 |
Decrease in accrued interest payable, accounts payable, accrued expenses, and other liabilities | -1,053 | -263 |
Net cash provided by operating activities | 21,415 | 12,514 |
Cash flows from investing activities: | ' | ' |
Proceeds from sales of available for sale securities | 12,205 | 16,232 |
Proceeds from maturities and calls of available for sale securities | 83,241 | 97,424 |
Purchases of available for sale securities | -43,637 | -87,255 |
Proceeds from maturities and calls of held to maturity securities | 1,029 | 556 |
Purchases of held to maturity securities | -1,185 | -24,429 |
Increase in loans | -42,228 | -28,258 |
Decrease in loan pool participations, net | 7,579 | 12,150 |
Purchases of premises and equipment | -2,785 | -2,777 |
Proceeds from sale of other real estate owned | 1,332 | 2,274 |
Proceeds from sale of premises and equipment | 15 | 5,220 |
Proceeds from sale of assets held for sale | 764 | 0 |
Net cash provided by (used in) investing activities | 16,330 | -8,863 |
Cash flows from financing activities: | ' | ' |
Net increase (decrease) in deposits | -78,082 | 22,001 |
Increase (decrease) in federal funds purchased | 8,395 | -8,920 |
Increase (decrease) in securities sold under agreements to repurchase | -10,160 | 14,153 |
Proceeds from Federal Home Loan Bank borrowings | 151,000 | 20,000 |
Repayment of Federal Home Loan Bank borrowings | -126,000 | -30,000 |
Stock options exercised | 144 | 433 |
Dividends paid | -3,200 | -2,250 |
Repurchase of common stock | -967 | -1,445 |
Net cash used in financing activities | -58,870 | 13,972 |
Net decrease in cash and cash equivalents | -21,125 | 17,623 |
Cash and cash equivalents at beginning of period | 47,191 | 32,623 |
Cash and cash equivalents at end of period | 26,066 | 50,246 |
Supplemental disclosures of cash flow information: | ' | ' |
Cash paid during the period for interest | 9,617 | 12,071 |
Cash paid during the period for income taxes | 6,070 | 4,455 |
Supplemental schedule of non-cash investing activities: | ' | ' |
Real Estate Owned, Transfer to Real Estate Owned | 173 | 1,589 |
Transfer of property to assets held for sale | $0 | $764 |
Principles_of_Consolidation_an
Principles of Consolidation and Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Principles of Consolidation and Presentation [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
Principles of Consolidation and Presentation | |
MidWestOne Financial Group, Inc. (the “Company,” which is also referred to herein as “we,” “our” or “us”) is an Iowa corporation incorporated in 1983, a bank holding company under the Bank Holding Company Act of 1956 and a financial holding company under the Gramm-Leach-Bliley Act of 1999. Our principal executive offices are located at 102 South Clinton Street, Iowa City, Iowa 52240. | |
The Company owns 100% of the outstanding common stock of MidWestOne Bank, an Iowa state non-member bank chartered in 1934 with its main office in Iowa City, Iowa (the “Bank”), and 100% of the common stock of MidWestOne Insurance Services, Inc., Oskaloosa, Iowa. We operate primarily through our bank subsidiary, MidWestOne Bank, and MidWestOne Insurance Services, Inc., our wholly-owned subsidiary that operates an insurance agency business through three offices located in central and east-central Iowa. | |
The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and, therefore, do not include all the information and notes necessary for complete financial statements in conformity with U.S. generally accepted accounting principles. The information in this Quarterly Report on Form 10-Q is written with the presumption that the users of the interim financial statements have read or have access to the most recent Annual Report on Form 10-K of the Company, which contains the latest audited financial statements and notes thereto, together with Management's Discussion and Analysis of Financial Condition and Results of Operations as of December 31, 2012 and for the year then ended. Management believes that the disclosures are adequate to make the information presented not misleading. In the opinion of management, the accompanying consolidated financial statements contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the financial position as of September 30, 2013, and the results of operations and cash flows for the three and nine months ended September 30, 2013 and 2012. All significant intercompany accounts and transactions have been eliminated in consolidation. | |
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. These estimates are based on information available to management at the time the estimates are made. Actual results could differ from those estimates. The results for the three and nine months ended September 30, 2013 may not be indicative of results for the year ending December 31, 2013, or for any other period. | |
During the quarter ended June 30, 2013, the Company identified an immaterial error in its accounting for other-than-temporary impairment on its portfolio of collateralized debt obligations. This error related to the identification of credit-related impairments subsequent to the Company's adoption of Financial Accounting Standards Board (FASB) Staff Position (FSP) No. FAS 115-2 and FAS 124-2, “Recognition and Presentation of Other-Than-Temporary Impairments” as of April 1, 2009. | |
As a result, the Company has adjusted prior period amounts for the immaterial error. Specifically, on the Company's consolidated statement of shareholders' equity the balance of retained earnings was reduced by $2,653,000, from $66,299,000 to $63,646,000, and accumulated other comprehensive income was increased by $2,653,000, from $3,484,000 to $6,137,000, as of December 31, 2011, to reflect the effect of the error in the years ended December 31, 2009, 2010, and 2011. On the Company's consolidated balance sheets, retained earnings and accumulated other comprehensive income as of December 31, 2012, were decreased and increased, respectively, by $2,870,000. Of the adjustment amounts as of December 31, 2011 and 2012, $2,322,000 relates to the after-tax effect of credit impairments that should have been recognized in the Company's consolidated statements of operations for the year ended December 31, 2009. Downward adjustments of $212,000 to the Company's net income in the consolidated statements of operations for the three- and nine-month periods ended September 30, 2012 were necessary as a result of this correction. | |
The correction will also result in the following adjustments to historical amounts which will be part of comparative amounts in future filings: (i) on the Company's consolidated statement of shareholders' equity, the balance of retained earnings will be reduced by $2,647,000, from $55,619,000 to $52,972,000, and accumulated other comprehensive income will be increased by $2,647,000, from $(1,826,000) to $821,000, as of December 31, 2010, to reflect the effect of the error in the years ended December 31, 2009 and 2010; (ii) on the Company's consolidated statements of operations, net income for the year ended December 31, 2011 will be reduced $6,000, from $13,317,000 to $13,311,000, with no change in the reported basic or diluted earnings per share for such time period; (iii) on the Company's consolidated statements of operations, net income for the year ended December 31, 2012 will be reduced $217,000, from $16,751,000 to $16,534,000, with basic earnings per share decreasing from $1.97 to $1.95 and diluted earnings per share decreasing from $1.96 to $1.94 during such period; (iv) corresponding adjustments to the Company's comprehensive income will be made for the years ended December 31, 2012 and 2011; and (v) amounts in relevant footnotes for all periods to be presented will be corrected for the effects of this immaterial error. | |
All significant accounting policies followed in the preparation of the quarterly financial statements are disclosed in the December 31, 2012 Annual Report on Form 10-K. In the consolidated statements of cash flows, cash and cash equivalents include cash and due from banks, interest-bearing deposits in banks, and federal funds sold. |
Shareholders_Equity
Shareholders' Equity | 9 Months Ended |
Sep. 30, 2013 | |
Shareholders' Equity and Earnings per Common Share [Abstract] | ' |
Stockholders' Equity Disclosure [Text Block] | ' |
Shareholders' Equity | |
Preferred Stock: The number of authorized shares of preferred stock for the Company is 500,000. As of September 30, 2013, none were issued or outstanding. | |
Common Stock: As of September 30, 2013, the number of authorized shares of common stock for the Company was 15,000,000. | |
On October 18, 2011, our Board of Directors amended the Company's existing $1.0 million share repurchase program, originally authorized on July 26, 2011, by increasing the remaining amount of authorized repurchases to $5.0 million, and extending the expiration of the program to December 31, 2012. | |
On January 15, 2013, the Company's board of directors announced the renewal of the Company's share repurchase program, extending the expiration of the program to December 31, 2014 and increasing the remaining amount of authorized repurchases under the program to $5.0 million from the approximately $2.4 million of authorized repurchases that had previously remained. Pursuant to the program, the Company may continue to repurchase shares from time to time in the open market, and the method, timing and amounts of repurchase will be solely in the discretion of the Company's management. The repurchase program does not require the Company to acquire a specific number of shares. Therefore, the amount of shares repurchased pursuant to the program will depend on several factors, including market conditions, capital and liquidity requirements, and alternative uses for cash available. As of September 30, 2013 the remaining amount available for share repurchases under the program was $4.0 million. |
Earnings_per_Common_Share
Earnings per Common Share | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Earnings per Common Share [Abstract] | ' | |||||||||||||||||
Earnings Per Share Disclosure [Text Block] | ' | |||||||||||||||||
Earnings per Common Share | ||||||||||||||||||
Basic earnings per common share computations are based on the weighted average number of shares of common stock actually outstanding during the period. Diluted earnings per share amounts are computed by dividing net income by the weighted average number of shares outstanding and all dilutive potential shares outstanding during the period. | ||||||||||||||||||
The following table presents the computation of earnings per common share for the respective periods: | ||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||
(dollars in thousands, except per share amounts) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||
Basic earnings per common share computation | ||||||||||||||||||
Numerator: | ||||||||||||||||||
Net income | $ | 4,864 | $ | 4,238 | $ | 14,185 | $ | 12,182 | ||||||||||
Denominator: | ||||||||||||||||||
Weighted average shares outstanding | 8,468,755 | 8,483,918 | 8,478,928 | 8,484,404 | ||||||||||||||
Basic earnings per common share | $ | 0.57 | $ | 0.5 | $ | 1.67 | $ | 1.44 | ||||||||||
Diluted earnings per common share computation | ||||||||||||||||||
Numerator: | ||||||||||||||||||
Net income | $ | 4,864 | $ | 4,238 | $ | 14,185 | $ | 12,182 | ||||||||||
Denominator: | ||||||||||||||||||
Weighted average shares outstanding, included all dilutive potential shares | 8,517,645 | 8,534,908 | 8,524,451 | 8,526,161 | ||||||||||||||
Diluted earnings per common share | $ | 0.57 | $ | 0.5 | $ | 1.66 | $ | 1.43 | ||||||||||
Investment_Securities
Investment Securities | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||
Investments [Abstract] | ' | |||||||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ' | |||||||||||||||||||||||||||
Investment Securities | ||||||||||||||||||||||||||||
A summary of investment securities available for sale is as follows: | ||||||||||||||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | |||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair Value | |||||||||||||||||||||||||
Gains | Losses | |||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||
U.S. Government agencies and corporations | $ | 51,202 | $ | 587 | $ | 778 | $ | 51,011 | ||||||||||||||||||||
State and political subdivisions | 200,133 | 6,143 | 2,486 | 203,790 | ||||||||||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | 203,679 | 3,247 | 2,384 | 204,542 | ||||||||||||||||||||||||
Corporate debt securities | 28,925 | 276 | 1,291 | 27,910 | ||||||||||||||||||||||||
Total debt securities | 483,939 | 10,253 | 6,939 | 487,253 | ||||||||||||||||||||||||
Other equity securities | 2,652 | 282 | 39 | 2,895 | ||||||||||||||||||||||||
Total | $ | 486,591 | $ | 10,535 | $ | 6,978 | $ | 490,148 | ||||||||||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | |||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair Value | |||||||||||||||||||||||||
Gains | Losses | |||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||
U.S. Government agencies and corporations | $ | 68,707 | $ | 1,132 | $ | 56 | $ | 69,783 | ||||||||||||||||||||
State and political subdivisions | 206,392 | 11,752 | 125 | 218,019 | ||||||||||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | 236,713 | 6,433 | 28 | 243,118 | ||||||||||||||||||||||||
Corporate debt securities | 26,438 | 360 | 1,858 | 24,940 | ||||||||||||||||||||||||
Total debt securities | 538,250 | 19,677 | 2,067 | 555,860 | ||||||||||||||||||||||||
Other equity securities | 1,637 | 109 | 65 | 1,681 | ||||||||||||||||||||||||
Total | $ | 539,887 | $ | 19,786 | $ | 2,132 | $ | 557,541 | ||||||||||||||||||||
A summary of investment securities held to maturity is as follows: | ||||||||||||||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | |||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair Value | |||||||||||||||||||||||||
Gains | Losses | |||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||
State and political subdivisions | $ | 19,894 | $ | — | $ | 1,278 | $ | 18,616 | ||||||||||||||||||||
Mortgage-backed securities | 9,670 | 3 | 752 | 8,921 | ||||||||||||||||||||||||
Corporate debt securities | 3,261 | — | 55 | 3,206 | ||||||||||||||||||||||||
Total | $ | 32,825 | $ | 3 | $ | 2,085 | $ | 30,743 | ||||||||||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | |||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair Value | |||||||||||||||||||||||||
Gains | Losses | |||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||
State and political subdivisions | $ | 19,278 | $ | 199 | $ | 57 | $ | 19,420 | ||||||||||||||||||||
Mortgage-backed securities | 10,133 | 121 | — | 10,254 | ||||||||||||||||||||||||
Corporate debt securities | 3,258 | — | 12 | 3,246 | ||||||||||||||||||||||||
Total | $ | 32,669 | $ | 320 | $ | 69 | $ | 32,920 | ||||||||||||||||||||
The summary of investment securities shows that some of the securities in the available for sale and held to maturity investment portfolios had unrealized losses, or were temporarily impaired, as of September 30, 2013 and December 31, 2012. This temporary impairment represents the estimated amount of loss that would be realized if the securities were sold on the valuation date. | ||||||||||||||||||||||||||||
The following presents information pertaining to securities with gross unrealized losses as of September 30, 2013 and December 31, 2012, aggregated by investment category and length of time that individual securities have been in a continuous loss position: | ||||||||||||||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||||||
Number | Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||
of | ||||||||||||||||||||||||||||
Available for Sale | Securities | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||||||
(in thousands, except number of securities) | ||||||||||||||||||||||||||||
U.S. Government agencies and corporations | 3 | $ | 22,083 | $ | 778 | $ | — | $ | — | $ | 22,083 | $ | 778 | |||||||||||||||
State and political subdivisions | 134 | 43,345 | 2,486 | — | — | 43,345 | 2,486 | |||||||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | 14 | 95,204 | 2,384 | — | — | 95,204 | 2,384 | |||||||||||||||||||||
Corporate debt securities | 8 | 14,266 | 180 | 1,260 | 1,111 | 15,526 | 1,291 | |||||||||||||||||||||
Other equity securities | 1 | 960 | 39 | — | — | 960 | 39 | |||||||||||||||||||||
Total | 160 | $ | 175,858 | $ | 5,867 | $ | 1,260 | $ | 1,111 | $ | 177,118 | $ | 6,978 | |||||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||||||||
Number | Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||
of | ||||||||||||||||||||||||||||
Securities | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||||||
(in thousands, except number of securities) | ||||||||||||||||||||||||||||
U.S. Government agencies and corporations | 2 | $ | 15,359 | $ | 56 | $ | — | $ | — | $ | 15,359 | $ | 56 | |||||||||||||||
State and political subdivisions | 27 | 7,221 | 125 | — | — | 7,221 | 125 | |||||||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | 2 | 10,919 | 28 | — | — | 10,919 | 28 | |||||||||||||||||||||
Corporate debt securities | 9 | 14,672 | 242 | 755 | 1,616 | 15,427 | 1,858 | |||||||||||||||||||||
Other equity securities | 1 | 754 | 65 | — | — | 754 | 65 | |||||||||||||||||||||
Total | 41 | $ | 48,925 | $ | 516 | $ | 755 | $ | 1,616 | $ | 49,680 | $ | 2,132 | |||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||||||
Number | Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||
of | ||||||||||||||||||||||||||||
Held to Maturity | Securities | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||||||
(in thousands, except number of securities) | ||||||||||||||||||||||||||||
State and political subdivisions | 30 | $ | 18,616 | $ | 1,278 | $ | — | $ | — | $ | 18,616 | $ | 1,278 | |||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | 1 | 8,883 | 752 | — | — | 8,883 | 752 | |||||||||||||||||||||
Corporate debt securities | 1 | 2,329 | 55 | — | — | 2,329 | 55 | |||||||||||||||||||||
Total | 32 | $ | 29,828 | $ | 2,085 | $ | — | $ | — | $ | 29,828 | $ | 2,085 | |||||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||||||||
Number | Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||
of | ||||||||||||||||||||||||||||
Securities | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||||||
(in thousands, except number of securities) | ||||||||||||||||||||||||||||
State and political subdivisions | 11 | $ | 3,672 | $ | 57 | $ | — | $ | — | $ | 3,672 | $ | 57 | |||||||||||||||
Corporate debt securities | 1 | 2,371 | 12 | — | — | 2,371 | 12 | |||||||||||||||||||||
Total | 12 | $ | 6,043 | $ | 69 | $ | — | $ | — | $ | 6,043 | $ | 69 | |||||||||||||||
The Company's assessment of other-than-temporary impairment ("OTTI") is based on its reasonable judgment of the specific facts and circumstances impacting each individual security at the time such assessments are made. The Company reviews and considers factual information, including expected cash flows, the structure of the security, the creditworthiness of the issuer, the type of underlying assets and the current and anticipated market conditions. | ||||||||||||||||||||||||||||
At September 30, 2013, approximately 60% of the municipal bonds held by the Company were Iowa based. The Company does not intend to sell these municipal obligations, and it is not more likely than not that the Company will be required to sell them before the recovery of its cost. Due to the issuers' continued satisfaction of their obligations under the securities in accordance with their contractual terms and the expectation that they will continue to do so, management's intent and ability to hold these securities for a period of time sufficient to allow for any anticipated recovery in fair value, as well as the evaluation of the fundamentals of the issuers' financial condition and other objective evidence, the Company believes that the municipal obligations identified in the tables above were temporarily depressed as of September 30, 2013 and December 31, 2012. | ||||||||||||||||||||||||||||
At September 30, 2013 and December 31, 2012, the Company's mortgage-backed securities portfolio consisted of securities predominantly backed by one- to four- family mortgage loans and underwritten to the standards of and guaranteed by the following government-sponsored agencies: FHLMC, FNMA and GNMA. The receipt of principal, at par, and interest on mortgage-backed securities is guaranteed by the respective government-sponsored agency guarantor, such that the Company believes that its mortgage-backed securities do not expose the Company to credit-related losses. | ||||||||||||||||||||||||||||
At September 30, 2013, the Company owned six collateralized debt obligations backed by pools of trust preferred securities with an original cost basis of $9.8 million. The book value of these securities as of September 30, 2013 totaled $2.4 million, after OTTI charges have been recognized. All of the Company's trust preferred collateralized debt obligations are in mezzanine tranches and are currently rated less than investment grade by Moody's Investor Services. They are secured by trust preferred securities of banks and insurance companies throughout the United States, and were rated as investment grade securities when purchased between March 2006 and December 2007. However, as the banking climate eroded during 2008, the securities experienced cash flow problems. Due to continued market deterioration in these securities, additional pre-tax charges to earnings were recorded from 2009 to 2012. The market for these securities is considered to be inactive according to the guidance issued in ASC Topic 820, “Fair Value Measurements and Disclosures.” The Company uses a discounted cash flow model to determine the estimated fair value of its pooled trust preferred collateralized debt obligations and to assess OTTI. The discounted cash flow analysis was performed in accordance with ASC Topic 325. The assumptions used in preparing the discounted cash flow model include the following: estimated discount rates (using yields of comparable traded instruments adjusted for illiquidity and other risk factors), estimated deferral and default rates on collateral, and estimated cash flows. The Company also reviewed a stress test of these securities to determine the additional deferrals or defaults in the collateral pool in excess of what the Company believes is probable, before the payments on the individual securities are negatively impacted. | ||||||||||||||||||||||||||||
As of September 30, 2013, the Company also owned $1.9 million of equity securities in banks and financial service-related companies, and $1.0 million of mutual funds invested in debt securities and other debt instruments that will cause units of the fund to be deemed to be qualified under the Community Reinvestment Act (the "CRA"). Equity securities are considered to have OTTI whenever they have been in a loss position, compared to current book value, for twelve consecutive months, and the Company does not expect them to recover to their original cost basis. For the first nine months of 2013 and the full year of 2012, no impairment charges were recorded, as the affected equity securities were not deemed impaired due to stabilized market prices in relation to the Company's original purchase price. | ||||||||||||||||||||||||||||
The following table provides a roll forward of credit losses on fixed maturity securities recognized in net income: | ||||||||||||||||||||||||||||
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | |||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||
Beginning balance | $ | 7,379 | $ | 7,034 | $ | 7,379 | $ | 7,034 | ||||||||||||||||||||
Additional credit losses: | ||||||||||||||||||||||||||||
Securities with no previous other than temporary impairment | — | — | — | — | ||||||||||||||||||||||||
Securities with previous other than temporary impairments | — | 337 | — | 337 | ||||||||||||||||||||||||
Ending balance | $ | 7,379 | $ | 7,371 | $ | 7,379 | $ | 7,371 | ||||||||||||||||||||
It is reasonably possible that the fair values of the Company's investment securities could decline in the future if the overall economy or the financial condition of the issuers deteriorate or the liquidity of certain securities remains depressed. As a result, there is a risk that OTTIs may occur in the future and any such amounts could be material to the Company's consolidated statements of operations. | ||||||||||||||||||||||||||||
A summary of the contractual maturity distribution of debt investment securities at September 30, 2013 is as follows: | ||||||||||||||||||||||||||||
Available For Sale | Held to Maturity | |||||||||||||||||||||||||||
Amortized | Fair Value | Amortized | Fair Value | |||||||||||||||||||||||||
Cost | Cost | |||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||
Due in one year or less | $ | 15,706 | $ | 15,910 | $ | 185 | $ | 184 | ||||||||||||||||||||
Due after one year through five years | 105,380 | 108,449 | 2,574 | 2,517 | ||||||||||||||||||||||||
Due after five years through ten years | 104,048 | 105,438 | 7,587 | 7,370 | ||||||||||||||||||||||||
Due after ten years | 55,126 | 52,914 | 12,809 | 11,751 | ||||||||||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | 203,679 | 204,542 | 9,670 | 8,921 | ||||||||||||||||||||||||
Total | $ | 483,939 | $ | 487,253 | $ | 32,825 | $ | 30,743 | ||||||||||||||||||||
Mortgage-backed and collateralized mortgage obligations are collateralized by mortgage loans guaranteed by U.S. government agencies. Experience has indicated that principal payments will be collected sooner than scheduled because of prepayments. Therefore, these securities are not scheduled in the maturity categories indicated above. Equity securities available for sale with an amortized cost of $2.7 million and a fair value of $2.9 million are also excluded from this table. | ||||||||||||||||||||||||||||
Other investment securities include investments in Federal Home Loan Bank (“FHLB”) stock. The carrying value of the FHLB stock at September 30, 2013 and December 31, 2012 was $10.8 million and $11.1 million, respectively, which is included in the Other Assets line of the consolidated balance sheets. This security is not readily marketable and ownership of FHLB stock is a requirement for membership in the FHLB Des Moines. The amount of FHLB stock the Bank is required to hold is directly related to the amount of FHLB advances borrowed. Because there are no available market values, this security is carried at cost and evaluated for potential impairment each quarter. Redemption of this investment is at the option of the FHLB. | ||||||||||||||||||||||||||||
Realized gains and losses on sales are determined on the basis of specific identification of investments based on the trade date. Realized gains on investments for the three and nine months ended September 30, 2013 and 2012 are as follows: | ||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||
Available for sale fixed maturity securities: | ||||||||||||||||||||||||||||
Gross realized gains | $ | — | $ | 8 | $ | 144 | $ | 360 | ||||||||||||||||||||
Gross realized losses | — | — | (60 | ) | — | |||||||||||||||||||||||
Other-than-temporary impairment | — | (337 | ) | — | (337 | ) | ||||||||||||||||||||||
— | (329 | ) | 84 | 23 | ||||||||||||||||||||||||
Equity securities: | ||||||||||||||||||||||||||||
Gross realized gains | — | — | — | 381 | ||||||||||||||||||||||||
Gross realized losses | — | — | — | — | ||||||||||||||||||||||||
Other-than-temporary impairment | — | — | — | — | ||||||||||||||||||||||||
— | — | — | 381 | |||||||||||||||||||||||||
$ | — | $ | (329 | ) | $ | 84 | $ | 404 | ||||||||||||||||||||
Loans_Receivable_and_the_Allow
Loans Receivable and the Allowance for Loan Losses | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Loans Receivable and the Allowance for Loan Losses [Abstract] | ' | ||||||||||||||||||||||||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||
Loans Receivable and the Allowance for Loan Losses | |||||||||||||||||||||||||||||||||
The composition of loans and loan pool participations by portfolio segment are as follows: | |||||||||||||||||||||||||||||||||
Allowance for Loan Losses and Recorded Investment in Loan Receivables | |||||||||||||||||||||||||||||||||
As of September 30, 2013 and December 31, 2012 | |||||||||||||||||||||||||||||||||
(in thousands) | Agricultural | Commercial and Industrial | Commercial Real Estate | Residential Real Estate | Consumer | Unallocated | Total | ||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 140 | $ | 217 | $ | 653 | $ | 214 | $ | 18 | $ | — | $ | 1,242 | |||||||||||||||||||
Collectively evaluated for impairment | 918 | 4,462 | 5,334 | 3,178 | 321 | 1,050 | 15,263 | ||||||||||||||||||||||||||
Total | $ | 1,058 | $ | 4,679 | $ | 5,987 | $ | 3,392 | $ | 339 | $ | 1,050 | $ | 16,505 | |||||||||||||||||||
Loans acquired with deteriorated credit quality (loan pool participations) | $ | 3 | $ | 66 | $ | 700 | $ | 124 | $ | 5 | $ | 1,236 | $ | 2,134 | |||||||||||||||||||
Loans receivable | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,164 | $ | 2,078 | $ | 5,008 | $ | 1,569 | $ | 72 | $ | — | $ | 11,891 | |||||||||||||||||||
Collectively evaluated for impairment | 87,858 | 261,206 | 428,628 | 268,355 | 18,899 | — | 1,064,946 | ||||||||||||||||||||||||||
Total | $ | 91,022 | $ | 263,284 | $ | 433,636 | $ | 269,924 | $ | 18,971 | $ | — | $ | 1,076,837 | |||||||||||||||||||
Loans acquired with deteriorated credit quality (loan pool participations) | $ | 53 | $ | 1,563 | $ | 19,912 | $ | 4,013 | $ | 60 | $ | 4,604 | $ | 30,205 | |||||||||||||||||||
(in thousands) | Agricultural | Commercial and Industrial | Commercial Real Estate | Residential Real Estate | Consumer | Unallocated | Total | ||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 159 | $ | 295 | $ | 293 | $ | 136 | $ | 6 | $ | — | $ | 889 | |||||||||||||||||||
Collectively evaluated for impairment | 867 | 4,304 | 5,474 | 2,871 | 350 | 1,202 | 15,068 | ||||||||||||||||||||||||||
Total | $ | 1,026 | $ | 4,599 | $ | 5,767 | $ | 3,007 | $ | 356 | $ | 1,202 | $ | 15,957 | |||||||||||||||||||
Loans acquired with deteriorated credit quality (loan pool participations) | $ | 4 | $ | 77 | $ | 673 | $ | 240 | $ | 15 | $ | 1,125 | $ | 2,134 | |||||||||||||||||||
Loans receivable | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,323 | $ | 1,806 | $ | 5,342 | $ | 886 | $ | 37 | $ | — | $ | 11,394 | |||||||||||||||||||
Collectively evaluated for impairment | 81,403 | 236,810 | 434,642 | 251,990 | 19,045 | — | 1,023,890 | ||||||||||||||||||||||||||
Total | $ | 84,726 | $ | 238,616 | $ | 439,984 | $ | 252,876 | $ | 19,082 | $ | — | $ | 1,035,284 | |||||||||||||||||||
Loans acquired with deteriorated credit quality (loan pool participations) | $ | 76 | $ | 2,379 | $ | 24,346 | $ | 4,788 | $ | 67 | $ | 6,128 | $ | 37,784 | |||||||||||||||||||
The changes in the allowance for loan losses by portfolio segment are as follows: | |||||||||||||||||||||||||||||||||
Allowance for Loan Loss Activity | |||||||||||||||||||||||||||||||||
For the Three Months Ended September 30, 2013 and 2012 | |||||||||||||||||||||||||||||||||
(in thousands) | Agricultural | Commercial and Industrial | Commercial Real Estate | Residential Real Estate | Consumer | Unallocated | Total | ||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 995 | $ | 4,774 | $ | 5,664 | $ | 3,334 | $ | 279 | $ | 1,532 | $ | 16,578 | |||||||||||||||||||
Charge-offs | — | (99 | ) | (115 | ) | (87 | ) | (47 | ) | — | (348 | ) | |||||||||||||||||||||
Recoveries | — | 20 | — | 2 | 3 | — | 25 | ||||||||||||||||||||||||||
Provision | 63 | (16 | ) | 438 | 143 | 104 | (482 | ) | 250 | ||||||||||||||||||||||||
Ending balance | $ | 1,058 | $ | 4,679 | $ | 5,987 | $ | 3,392 | $ | 339 | $ | 1,050 | $ | 16,505 | |||||||||||||||||||
2012 | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 954 | $ | 4,946 | $ | 4,602 | $ | 2,894 | $ | 365 | $ | 1,976 | $ | 15,737 | |||||||||||||||||||
Charge-offs | — | (607 | ) | (23 | ) | (168 | ) | (9 | ) | — | (807 | ) | |||||||||||||||||||||
Recoveries | — | 310 | 11 | — | 1 | — | 322 | ||||||||||||||||||||||||||
Provision | 59 | 118 | 1,264 | 154 | (101 | ) | (919 | ) | 575 | ||||||||||||||||||||||||
Ending balance | $ | 1,013 | $ | 4,767 | $ | 5,854 | $ | 2,880 | $ | 256 | $ | 1,057 | $ | 15,827 | |||||||||||||||||||
Allowance for Loan Loss Activity | |||||||||||||||||||||||||||||||||
For the Nine Months Ended September 30, 2013 and 2012 | |||||||||||||||||||||||||||||||||
(in thousands) | Agricultural | Commercial and Industrial | Commercial Real Estate | Residential Real Estate | Consumer | Unallocated | Total | ||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 1,026 | $ | 4,599 | $ | 5,767 | $ | 3,007 | $ | 356 | $ | 1,202 | $ | 15,957 | |||||||||||||||||||
Charge-offs | (39 | ) | (475 | ) | (203 | ) | (267 | ) | (118 | ) | — | (1,102 | ) | ||||||||||||||||||||
Recoveries | 36 | 59 | 462 | 25 | 18 | — | 600 | ||||||||||||||||||||||||||
Provision | 35 | 496 | (39 | ) | 627 | 83 | (152 | ) | 1,050 | ||||||||||||||||||||||||
Ending balance | $ | 1,058 | $ | 4,679 | $ | 5,987 | $ | 3,392 | $ | 339 | $ | 1,050 | $ | 16,505 | |||||||||||||||||||
2012 | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 1,209 | $ | 5,380 | $ | 5,171 | $ | 3,501 | $ | 167 | $ | 248 | $ | 15,676 | |||||||||||||||||||
Charge-offs | — | (1,891 | ) | (129 | ) | (481 | ) | (43 | ) | — | (2,544 | ) | |||||||||||||||||||||
Recoveries | 507 | 407 | 24 | 12 | 16 | — | 966 | ||||||||||||||||||||||||||
Provision | (703 | ) | 871 | 788 | (152 | ) | 116 | 809 | 1,729 | ||||||||||||||||||||||||
Ending balance | $ | 1,013 | $ | 4,767 | $ | 5,854 | $ | 2,880 | $ | 256 | $ | 1,057 | $ | 15,827 | |||||||||||||||||||
Loan Portfolio Segment Risk Characteristics | |||||||||||||||||||||||||||||||||
Agricultural - Agricultural loans, most of which are secured by crops, livestock, and machinery, are provided to finance capital improvements and farm operations as well as acquisitions of livestock and machinery. The ability of the borrower to repay may be affected by many factors outside of the borrower's control including adverse weather conditions, loss of livestock due to disease or other factors, declines in market prices for agricultural products and the impact of government regulations. The ultimate repayment of agricultural loans is dependent upon the profitable operation or management of the agricultural entity. Collateral for these loans generally includes accounts receivable, inventory, equipment and real estate. However, depending on the overall financial condition of the borrower, some loans are made on an unsecured basis. The collateral securing these loans may depreciate over time, may be difficult to appraise and may fluctuate in value based on the success of the business. | |||||||||||||||||||||||||||||||||
Commercial and Industrial - Commercial and industrial loans are primarily made based on the reported cash flow of the borrower and secondarily on the underlying collateral provided by the borrower. The collateral support provided by the borrower for most of these loans and the probability of repayment are based on the liquidation of the pledged collateral and enforcement of a personal guarantee, if any exists. The primary repayment risks of commercial and industrial loans are that the cash flows of the borrower may be unpredictable, and the collateral securing these loans may fluctuate in value. The size of the loans the Company can offer to commercial customers is less than the size of the loans that competitors with larger lending limits can offer. This may limit the Company's ability to establish relationships with the area's largest businesses. As a result, the Company may assume greater lending risks than financial institutions that have a lesser concentration of such loans and tend to make loans to larger businesses. Collateral for these loans generally includes accounts receivable, inventory, equipment and real estate. However, depending on the overall financial condition of the borrower, some loans are made on an unsecured basis. The collateral securing these loans may depreciate over time, may be difficult to appraise and may fluctuate in value based on the success of the business. In addition, if the United States economy does not meaningfully improve, this could harm or continue to harm the businesses of our commercial and industrial customers and reduce the value of the collateral securing these loans. | |||||||||||||||||||||||||||||||||
Commercial Real Estate - The Company offers mortgage loans to commercial and agricultural customers for the acquisition of real estate used in their businesses, such as offices, warehouses and production facilities, and to real estate investors for the acquisition of apartment buildings, retail centers, office buildings and other commercial buildings. The market value of real estate securing commercial real estate loans can fluctuate significantly in a short period of time as a result of market conditions in the geographic area in which the real estate is located. Adverse developments affecting real estate values in one or more of the Company's markets could increase the credit risk associated with its loan portfolio. Additionally, real estate lending typically involves higher loan principal amounts and the repayment of the loans generally is dependent, in large part, on sufficient income from the properties securing the loans to cover operating expenses and debt service. Economic events or governmental regulations outside of the control of the borrower or lender could negatively impact the future cash flow and market values of the affected properties. | |||||||||||||||||||||||||||||||||
Residential Real Estate - The Company generally retains short-term residential mortgage loans that are originated for its own portfolio but sells most long-term loans to other parties while retaining servicing rights on the majority of those loans. The market value of real estate securing residential real estate loans can fluctuate as a result of market conditions in the geographic area in which the real estate is located. Adverse developments affecting real estate values in one or more of the Company's markets could increase the credit risk associated with its loan portfolio. Additionally, real estate lending typically involves higher loan principal amounts and the repayment of the loans generally is dependent, in large part, on the borrower's continuing financial stability, and is therefore more likely to be affected by adverse personal circumstances. | |||||||||||||||||||||||||||||||||
Consumer - Consumer loans typically have shorter terms, lower balances, higher yields and higher risks of default. Consumer loan collections are dependent on the borrower's continuing financial stability, and are therefore more likely to be affected by adverse personal circumstances. Collateral for these loans generally includes automobiles, boats, recreational vehicles, mobile homes, and real estate. However, depending on the overall financial condition of the borrower, some loans are made on an unsecured basis. The collateral securing these loans may depreciate over time, may be difficult to recover and may fluctuate in value based on condition. In addition, a decline in the United States economy could result in reduced employment, impacting the ability of customers to repay their obligations. | |||||||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality (loan pool participations) - The underlying loans in the loan pool participations include both fixed-rate and variable-rate instruments. No amounts for interest due are reflected in the carrying value of the loan pool participations. Based on historical experience, the average period of collectibility for loans underlying loan pool participations, many of which have exceeded contractual maturity dates, is approximately three to five years. Loan pool balances are affected by the payment and refinancing activities of the borrowers resulting in pay-offs of the underlying loans and reduction in the balances. Collections from the individual borrowers are managed by the loan pool servicer and are affected by the borrower's financial ability and willingness to pay, foreclosure and legal action, collateral value, and the economy in general. | |||||||||||||||||||||||||||||||||
Charge-off Policy | |||||||||||||||||||||||||||||||||
The Company requires a loan to be charged-off as soon as it becomes apparent that some loss will be incurred, or when its collectability is sufficiently questionable that it no longer is considered a bankable asset. The primary considerations when determining if and how much of a loan should be charged-off are as follows: (1) the potential for future cash flows; (2) the value of any collateral; and (3) the strength of any co-makers or guarantors. | |||||||||||||||||||||||||||||||||
When it is determined that a loan requires partial or full charge-off, a request for approval of a charge-off is submitted to the Bank's President, Executive Vice President and Chief Credit Officer, and the Senior Regional Loan officer. The Bank's Board of Directors formally approves all loan charge-offs. Once a loan is charged-off, it cannot be restructured and returned to the Bank's books. | |||||||||||||||||||||||||||||||||
The Allowance for Loan and Lease Losses - Bank Loans | |||||||||||||||||||||||||||||||||
The Company requires the maintenance of an adequate allowance for loan and lease losses (“ALLL”) in order to cover estimated probable losses without eroding the Company's capital base. Calculations are done at each quarter end, or more frequently if warranted, to analyze the collectability of loans and to ensure the adequacy of the allowance. In line with FDIC directives, the ALLL calculation does not include consideration of loans held for sale or off-balance-sheet credit exposures (such as unfunded letters of credit). Determining the appropriate level for the ALLL relies on the informed judgment of management, and as such, is subject to inaccuracy. Given the inherently imprecise nature of calculating the necessary ALLL, the Company's policy permits an "unallocated" allowance between 15% above and 5% below the “indicated reserve.” These unallocated amounts are due to those overall factors impacting the ALLL that are not captured in detailed loan category calculations. | |||||||||||||||||||||||||||||||||
Loans Reviewed Individually for Impairment | |||||||||||||||||||||||||||||||||
The Company identifies loans to be reviewed and evaluated individually for impairment, based on current information and events, and the probability that the borrower will be unable to repay all amounts due according to the contractual terms of the loan agreement. Specific areas of consideration include: size of credit exposure, risk rating, delinquency, nonaccrual status, and loan classification. | |||||||||||||||||||||||||||||||||
The level of individual impairment is measured using one of the following methods: (1) the fair value of the collateral less costs to sell; (2) the present value of expected future cash flows, discounted at the loan's effective interest rate; or (3) the loan's observable market price. Loans that are deemed fully collateralized or have been charged down to a level corresponding with any three of the measurements require no assignment of reserves from the ALLL. | |||||||||||||||||||||||||||||||||
All loans deemed troubled debt restructure or “TDR” are considered impaired. A loan is considered a TDR when the Bank, for economic or legal reasons related to a borrower's financial difficulties, grants a concession to the borrower that the Bank would not otherwise consider. All of the following factors are indicators that the Bank has granted a concession (one or multiple items may be present): | |||||||||||||||||||||||||||||||||
• | The borrower receives a reduction of the stated interest rate for the remaining original life of the debt. | ||||||||||||||||||||||||||||||||
• | The borrower receives an extension of the maturity date or dates at a stated interest rate lower that the current market interest rate for new debt with similar risk characteristics. | ||||||||||||||||||||||||||||||||
• | The borrower receives a reduction of the face amount or maturity amount of the debt as stated in the instrument or other agreement. | ||||||||||||||||||||||||||||||||
• | The borrower receives a deferral of required payments (principal and/or interest). | ||||||||||||||||||||||||||||||||
• | The borrower receives a reduction of the accrued interest. | ||||||||||||||||||||||||||||||||
The following tables set forth information on the Company's TDRs(1) by class of financing receivable occurring during the stated periods: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, | |||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Number of Contracts | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Number of Contracts | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | ||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Troubled Debt Restructurings: | |||||||||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | |||||||||||||||||||||||||||||||||
Amortization or maturity date change | 1 | 66 | 69 | 0 | — | — | |||||||||||||||||||||||||||
Total | 1 | $ | 66 | $ | 69 | 0 | $ | — | $ | — | |||||||||||||||||||||||
Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Number of Contracts | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Number of Contracts | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | ||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Troubled Debt Restructurings: | |||||||||||||||||||||||||||||||||
Commercial and industrial | |||||||||||||||||||||||||||||||||
Amortization or maturity date change | 1 | 158 | 158 | 0 | — | — | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Farmland | |||||||||||||||||||||||||||||||||
Interest rate reduction | 0 | — | — | 2 | 2,475 | 2,475 | |||||||||||||||||||||||||||
Commercial real estate-other | |||||||||||||||||||||||||||||||||
Amortization or maturity date change | 2 | 165 | 136 | 0 | — | — | |||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | |||||||||||||||||||||||||||||||||
Interest rate reduction | 2 | 164 | 169 | 0 | — | — | |||||||||||||||||||||||||||
Amortization or maturity date change | 1 | 66 | 69 | 0 | — | — | |||||||||||||||||||||||||||
One- to four- family junior liens | |||||||||||||||||||||||||||||||||
Interest rate reduction | 1 | 8 | 13 | 0 | — | — | |||||||||||||||||||||||||||
Total | 7 | $ | 561 | $ | 545 | 2 | $ | 2,475 | $ | 2,475 | |||||||||||||||||||||||
(1) - TDRs may include multiple concessions and the disclosure classifications are based on the primary concession provided to the borrower. | |||||||||||||||||||||||||||||||||
Loans by class of financing receivable modified as TDRs(1) within the previous 12 months and for which there was a payment default during the stated periods were: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||||||
Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | ||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted: | |||||||||||||||||||||||||||||||||
Total | 0 | $ | — | 0 | $ | — | 0 | $ | — | 0 | $ | — | |||||||||||||||||||||
(1) - TDRs may include multiple concessions and the disclosure classifications are based on the primary concession provided to the borrower. | |||||||||||||||||||||||||||||||||
Loans Reviewed Collectively for Impairment | |||||||||||||||||||||||||||||||||
All loans not evaluated individually for impairment are grouped together by type (i.e. commercial, agricultural, consumer, etc.) and further segmented within each subset by risk classification (i.e. pass, special mention, and substandard). Homogeneous loans past due 60-89 days and 90+ days, are classified special mention and substandard, respectively, for allocation purposes. | |||||||||||||||||||||||||||||||||
The Company's historical loss experience for each loan type is calculated using the fiscal quarter-end data for the most recent 20 quarters as a starting point for estimating losses. In addition, other prevailing qualitative or environmental factors likely to cause probable losses to vary from historical data are incorporated in the form of adjustments to increase or decrease the loss rate applied to each group. These adjustments are documented, and fully explain how the current information, events, circumstances, and conditions impact the historical loss measurement assumptions. | |||||||||||||||||||||||||||||||||
Although not a comprehensive list, the following are considered key factors and are evaluated with each calculation of the ALLL to determine if adjustments to historical loss rates are warranted: | |||||||||||||||||||||||||||||||||
• | Changes in lending policies and procedures, including changes in underwriting standards and collection, charge-off, and recovery practices not considered elsewhere in estimating credit losses. | ||||||||||||||||||||||||||||||||
• | Changes in international, national, regional, and local economic and business conditions and developments that affect the collectability of the portfolio, including the condition of various market segments. | ||||||||||||||||||||||||||||||||
• | Changes in the nature and volume of the portfolio and in the terms of loans. | ||||||||||||||||||||||||||||||||
• | Changes in the experience, ability and depth of lending management and other relevant staff. | ||||||||||||||||||||||||||||||||
• | Changes in the volume and severity of past due loans, the volume of nonaccrual loans, and the volume and severity of adversely classified or graded loans. | ||||||||||||||||||||||||||||||||
• | Changes in the quality of our loan review system. | ||||||||||||||||||||||||||||||||
• | Changes in the value of underlying collateral for collateral-dependent loans. | ||||||||||||||||||||||||||||||||
• | The existence and effect of any concentrations of credit, and changes in the level of such concentrations. | ||||||||||||||||||||||||||||||||
• | The effect of other external factors, such as competition and legal and regulatory requirements, on the level of estimated credit losses in the Bank's existing portfolio. | ||||||||||||||||||||||||||||||||
The items listed above are used to determine the pass percentage for loans evaluated collectively and, as such, are applied to the loans risk rated pass. Due to the inherent risks associated with special mention risk rated loans (i.e. early stages of financial deterioration, technical exceptions, etc.), this subset is reserved at two times the pass allocation factor to reflect this increased risk exposure. In addition, non-impaired loans classified as substandard loans carry greater risk than special mention loans, and as such, this subset is reserved at six times the pass allocation. Further, non-impaired loans less than $0.2 million that are past due 60 - 89 days or 90 days and over, are respectively classified as special mention or substandard. They are given an increased loan loss allocation of 25% or 50%, respectively, above the five year historical loss rate of the specific loan type. | |||||||||||||||||||||||||||||||||
The Allowance for Loan and Lease Losses - Loan Pool Participations | |||||||||||||||||||||||||||||||||
The Company requires that the loan pool participation ALLL will be at least sufficient to cover the next quarter's estimated charge-offs as presented by the servicer. Currently, charge-offs are netted against the income the Company receives, thus the balance in the loan pool participation reserve is not affected and remains stable. In essence, a provision for loan losses is made that is equal to the quarterly charge-offs, which is deducted from income received from the loan pool participations. By maintaining a sufficient reserve to cover the next quarter's charge-offs, the Company will have sufficient reserves in place should no income be collected from the loan pool participations during the quarter. In the event the estimated charge-offs provided by the servicer are greater than the loan pool participation ALLL, an additional provision is made to cover the difference between the current ALLL and the estimated charge-offs provided by the servicer. | |||||||||||||||||||||||||||||||||
Loans Reviewed Individually for Impairment | |||||||||||||||||||||||||||||||||
The loan servicer reviews the portfolio quarterly on a loan-by-loan basis, and loans that are deemed to be impaired are charged-down to their estimated value. All loans that are to be charged-down are reserved against in the ALLL adequacy calculation. Loans that continue to have an investment basis that have been charged-down are monitored, and if additional impairment is noted the reserve requirement is increased on the individual loan. | |||||||||||||||||||||||||||||||||
Loans Reviewed Collectively for Impairment | |||||||||||||||||||||||||||||||||
The Company utilizes the annualized average of portfolio loan (not loan pool) historical loss per risk category over a two-year period of time. Supporting documentation for the technique used to develop the historical loss rate for each group of loans is required to be maintained. It is management's assessment that the two-year rate is most reflective of the probable credit losses in the current loan pool portfolio. | |||||||||||||||||||||||||||||||||
The following table sets forth the composition of each class of the Company's loans by internally assigned credit quality indicators at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
Pass | Special Mention/ Watch | Substandard | Doubtful | Loss | Total | ||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||
Agricultural | $ | 87,008 | $ | 429 | $ | 3,585 | $ | — | $ | — | $ | 91,022 | |||||||||||||||||||||
Commercial and industrial | 239,934 | 9,578 | 12,461 | — | — | 261,973 | |||||||||||||||||||||||||||
Credit cards | 1,107 | 54 | 1 | — | — | 1,162 | |||||||||||||||||||||||||||
Overdrafts | 450 | 134 | 71 | — | — | 655 | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 55,137 | 10,507 | 2,195 | — | — | 67,839 | |||||||||||||||||||||||||||
Farmland | 79,986 | 3,547 | 2,346 | — | — | 85,879 | |||||||||||||||||||||||||||
Multifamily | 53,492 | 196 | — | — | — | 53,688 | |||||||||||||||||||||||||||
Commercial real estate-other | 211,061 | 12,865 | 2,304 | — | — | 226,230 | |||||||||||||||||||||||||||
Total commercial real estate | 399,676 | 27,115 | 6,845 | — | — | 433,636 | |||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 210,589 | 4,564 | 2,161 | — | — | 217,314 | |||||||||||||||||||||||||||
One- to four- family junior liens | 52,288 | 111 | 211 | — | — | 52,610 | |||||||||||||||||||||||||||
Total residential real estate | 262,877 | 4,675 | 2,372 | — | — | 269,924 | |||||||||||||||||||||||||||
Consumer | 18,308 | 72 | 85 | — | — | 18,465 | |||||||||||||||||||||||||||
Total | $ | 1,009,360 | $ | 42,057 | $ | 25,420 | $ | — | $ | — | $ | 1,076,837 | |||||||||||||||||||||
Loans acquired with deteriorated credit quality (loan pool participations) | $ | 15,382 | $ | — | $ | 14,819 | $ | — | $ | 4 | $ | 30,205 | |||||||||||||||||||||
Pass | Special Mention/ Watch | Substandard | Doubtful | Loss | Total | ||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||
Agricultural | $ | 80,657 | $ | 579 | $ | 3,490 | $ | — | $ | — | $ | 84,726 | |||||||||||||||||||||
Commercial and industrial | 211,344 | 12,473 | 13,376 | — | — | 237,193 | |||||||||||||||||||||||||||
Credit cards | 967 | 4 | 30 | — | — | 1,001 | |||||||||||||||||||||||||||
Overdrafts | 452 | 181 | 126 | — | — | 759 | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 72,916 | 9,493 | 4,385 | — | — | 86,794 | |||||||||||||||||||||||||||
Farmland | 76,023 | 2,684 | 2,356 | — | — | 81,063 | |||||||||||||||||||||||||||
Multifamily | 46,272 | 1,486 | — | — | — | 47,758 | |||||||||||||||||||||||||||
Commercial real estate-other | 209,143 | 13,745 | 1,481 | — | — | 224,369 | |||||||||||||||||||||||||||
Total commercial real estate | 404,354 | 27,408 | 8,222 | — | — | 439,984 | |||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 191,712 | 4,478 | 1,552 | — | — | 197,742 | |||||||||||||||||||||||||||
One- to four- family junior liens | 54,606 | 229 | 299 | — | — | 55,134 | |||||||||||||||||||||||||||
Total residential real estate | 246,318 | 4,707 | 1,851 | — | — | 252,876 | |||||||||||||||||||||||||||
Consumer | 18,604 | 70 | 71 | — | — | 18,745 | |||||||||||||||||||||||||||
Total | $ | 962,696 | $ | 45,422 | $ | 27,166 | $ | — | $ | — | $ | 1,035,284 | |||||||||||||||||||||
Loans acquired with deteriorated credit quality (loan pool participations) | $ | 21,251 | $ | — | $ | 16,518 | $ | — | $ | 15 | $ | 37,784 | |||||||||||||||||||||
Special Mention/Watch - A special mention/watch asset has potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the Company's credit position at some future date. Special mention/watch assets are not adversely classified and do not expose the Company to sufficient risk to warrant adverse classification. | |||||||||||||||||||||||||||||||||
Substandard - Substandard loans are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. | |||||||||||||||||||||||||||||||||
Doubtful - Loans classified doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions and values, highly questionable and improbable. | |||||||||||||||||||||||||||||||||
Loss - Loans classified loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be effected in the future. | |||||||||||||||||||||||||||||||||
The following table sets forth the amounts and categories of the Company's impaired loans as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Recorded Investment | Unpaid Principal Balance | Related Allowance | ||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Agricultural | $ | 1,482 | $ | 1,982 | $ | — | $ | 1,600 | $ | 2,100 | $ | — | |||||||||||||||||||||
Commercial and industrial | 956 | 1,057 | — | 775 | 1,524 | — | |||||||||||||||||||||||||||
Credit cards | — | — | — | — | — | — | |||||||||||||||||||||||||||
Overdrafts | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 49 | 176 | — | 149 | 299 | — | |||||||||||||||||||||||||||
Farmland | 97 | 110 | — | 75 | 88 | — | |||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate-other | 1,125 | 1,354 | — | 1,722 | 1,887 | — | |||||||||||||||||||||||||||
Total commercial real estate | 1,271 | 1,640 | — | 1,946 | 2,274 | — | |||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 416 | 551 | — | 136 | 203 | — | |||||||||||||||||||||||||||
One- to four- family junior liens | 121 | 121 | — | 41 | 41 | — | |||||||||||||||||||||||||||
Total residential real estate | 537 | 672 | — | 177 | 244 | — | |||||||||||||||||||||||||||
Consumer | 1 | 1 | — | 14 | 30 | — | |||||||||||||||||||||||||||
Total | $ | 4,247 | $ | 5,352 | $ | — | $ | 4,512 | $ | 6,172 | $ | — | |||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Agricultural | $ | 1,682 | $ | 1,682 | $ | 140 | $ | 1,723 | $ | 1,723 | $ | 159 | |||||||||||||||||||||
Commercial and industrial | 1,122 | 1,177 | 217 | 1,031 | 1,031 | 295 | |||||||||||||||||||||||||||
Credit cards | — | — | — | — | — | — | |||||||||||||||||||||||||||
Overdrafts | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 447 | 447 | 342 | 525 | 525 | 105 | |||||||||||||||||||||||||||
Farmland | 2,316 | 2,466 | 160 | 2,316 | 2,466 | 47 | |||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate-other | 974 | 1,074 | 151 | 555 | 555 | 141 | |||||||||||||||||||||||||||
Total commercial real estate | 3,737 | 3,987 | 653 | 3,396 | 3,546 | 293 | |||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 955 | 963 | 174 | 642 | 642 | 89 | |||||||||||||||||||||||||||
One- to four- family junior liens | 77 | 77 | 40 | 67 | 67 | 47 | |||||||||||||||||||||||||||
Total residential real estate | 1,032 | 1,040 | 214 | 709 | 709 | 136 | |||||||||||||||||||||||||||
Consumer | 71 | 87 | 18 | 23 | 23 | 6 | |||||||||||||||||||||||||||
Total | $ | 7,644 | $ | 7,973 | $ | 1,242 | $ | 6,882 | $ | 7,032 | $ | 889 | |||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Agricultural | $ | 3,164 | $ | 3,664 | $ | 140 | $ | 3,323 | $ | 3,823 | $ | 159 | |||||||||||||||||||||
Commercial and industrial | 2,078 | 2,234 | 217 | 1,806 | 2,555 | 295 | |||||||||||||||||||||||||||
Credit cards | — | — | — | — | — | — | |||||||||||||||||||||||||||
Overdrafts | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 496 | 623 | 342 | 674 | 824 | 105 | |||||||||||||||||||||||||||
Farmland | 2,413 | 2,576 | 160 | 2,391 | 2,554 | 47 | |||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate-other | 2,099 | 2,428 | 151 | 2,277 | 2,442 | 141 | |||||||||||||||||||||||||||
Total commercial real estate | 5,008 | 5,627 | 653 | 5,342 | 5,820 | 293 | |||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 1,371 | 1,514 | 174 | 778 | 845 | 89 | |||||||||||||||||||||||||||
One- to four- family junior liens | 198 | 198 | 40 | 108 | 108 | 47 | |||||||||||||||||||||||||||
Total residential real estate | 1,569 | 1,712 | 214 | 886 | 953 | 136 | |||||||||||||||||||||||||||
Consumer | 72 | 88 | 18 | 37 | 53 | 6 | |||||||||||||||||||||||||||
Total | $ | 11,891 | $ | 13,325 | $ | 1,242 | $ | 11,394 | $ | 13,204 | $ | 889 | |||||||||||||||||||||
The following table sets forth the average recorded investment and interest income recognized for each category of the Company's impaired loans during the stated periods: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||||||
Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Agricultural | $ | 1,482 | $ | 13 | $ | 1,600 | $ | 16 | $ | 1,555 | $ | 45 | $ | 1,600 | $ | 44 | |||||||||||||||||
Commercial and industrial | 966 | 3 | 736 | 6 | 1,079 | 27 | 852 | 46 | |||||||||||||||||||||||||
Credit cards | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Overdrafts | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 49 | — | 288 | — | 49 | — | 358 | — | |||||||||||||||||||||||||
Farmland | 99 | 2 | 79 | 2 | 103 | 6 | 85 | 6 | |||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Commercial real estate-other | 1,104 | (5 | ) | 1,755 | 13 | 1,094 | 19 | 1,782 | 59 | ||||||||||||||||||||||||
Total commercial real estate | 1,252 | (3 | ) | 2,122 | 15 | 1,246 | 25 | 2,225 | 65 | ||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 451 | 1 | 285 | 1 | 475 | 7 | 289 | 2 | |||||||||||||||||||||||||
One- to four- family junior liens | 122 | (1 | ) | 55 | 1 | 123 | 3 | 57 | 2 | ||||||||||||||||||||||||
Total residential real estate | 573 | — | 340 | 2 | 598 | 10 | 346 | 4 | |||||||||||||||||||||||||
Consumer | 1 | — | 15 | — | 1 | — | 16 | — | |||||||||||||||||||||||||
Total | $ | 4,274 | $ | 13 | $ | 4,813 | $ | 39 | $ | 4,479 | $ | 107 | $ | 5,039 | $ | 159 | |||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Agricultural | $ | 1,682 | $ | 13 | 1,723 | 13 | $ | 1,695 | $ | 37 | 2,433 | 36 | |||||||||||||||||||||
Commercial and industrial | 1,132 | 10 | 1,685 | 24 | 1,152 | 35 | 1,376 | 30 | |||||||||||||||||||||||||
Credit cards | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Overdrafts | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 447 | 6 | 525 | 7 | 447 | 20 | 335 | 22 | |||||||||||||||||||||||||
Farmland | 2,466 | 28 | 2,517 | 28 | 2,466 | 82 | 280 | 85 | |||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Commercial real estate-other | 972 | 7 | 1,326 | 15 | 974 | 21 | 2,989 | 46 | |||||||||||||||||||||||||
Total commercial real estate | 3,885 | 41 | 4,368 | 50 | 3,887 | 123 | 3,604 | 153 | |||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 957 | 9 | 626 | 8 | 960 | 27 | 973 | 25 | |||||||||||||||||||||||||
One- to four- family junior liens | 78 | — | 68 | 1 | 79 | — | 19 | 2 | |||||||||||||||||||||||||
Total residential real estate | 1,035 | 9 | 694 | 9 | 1,039 | 27 | 992 | 27 | |||||||||||||||||||||||||
Consumer | 72 | 1 | 24 | 1 | 74 | 2 | 120 | 2 | |||||||||||||||||||||||||
Total | $ | 7,806 | $ | 74 | $ | 8,494 | $ | 97 | $ | 7,847 | $ | 224 | $ | 8,525 | $ | 248 | |||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Agricultural | $ | 3,164 | $ | 26 | 3,323 | 29 | $ | 3,250 | $ | 82 | 4,033 | 80 | |||||||||||||||||||||
Commercial and industrial | 2,098 | 13 | 2,421 | 30 | 2,231 | 62 | 2,228 | 76 | |||||||||||||||||||||||||
Credit cards | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Overdrafts | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 496 | 6 | 813 | 7 | 496 | 20 | 693 | 22 | |||||||||||||||||||||||||
Farmland | 2,565 | 30 | 2,596 | 30 | 2,569 | 88 | 365 | 91 | |||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Commercial real estate-other | 2,076 | 2 | 3,081 | 28 | 2,068 | 40 | 4,771 | 105 | |||||||||||||||||||||||||
Total commercial real estate | 5,137 | 38 | 6,490 | 65 | 5,133 | 148 | 5,829 | 218 | |||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 1,408 | 10 | 911 | 9 | 1,435 | 34 | 1,262 | 27 | |||||||||||||||||||||||||
One- to four- family junior liens | 200 | (1 | ) | 123 | 2 | 202 | 3 | 76 | 4 | ||||||||||||||||||||||||
Total residential real estate | 1,608 | 9 | 1,034 | 11 | 1,637 | 37 | 1,338 | 31 | |||||||||||||||||||||||||
Consumer | 73 | 1 | 39 | 1 | 75 | 2 | 136 | 2 | |||||||||||||||||||||||||
Total | $ | 12,080 | $ | 87 | $ | 13,307 | $ | 136 | $ | 12,326 | $ | 331 | $ | 13,564 | $ | 407 | |||||||||||||||||
The following table sets forth the composition and past due and nonaccrual status of the Company's loans at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
30 - 59 Days Past Due | 60 - 89 Days Past Due | 90 Days or More Past Due | Total Past Due | Current | Total Loans Receivable | Recorded Investment > 90 Days Past Due and Accruing | |||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||
Agricultural | $ | 17 | $ | 59 | $ | 11 | $ | 87 | $ | 90,935 | $ | 91,022 | $ | — | |||||||||||||||||||
Commercial and industrial | 510 | 999 | 596 | 2,105 | 259,868 | 261,973 | 243 | ||||||||||||||||||||||||||
Credit cards | 22 | 32 | 1 | 55 | 1,107 | 1,162 | 1 | ||||||||||||||||||||||||||
Overdrafts | 63 | 5 | 5 | 73 | 582 | 655 | — | ||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | — | 67 | 49 | 116 | 67,723 | 67,839 | — | ||||||||||||||||||||||||||
Farmland | — | — | — | — | 85,879 | 85,879 | — | ||||||||||||||||||||||||||
Multifamily | — | — | — | — | 53,688 | 53,688 | — | ||||||||||||||||||||||||||
Commercial real estate-other | 832 | 90 | 1,639 | 2,561 | 223,669 | 226,230 | 216 | ||||||||||||||||||||||||||
Total commercial real estate | 832 | 157 | 1,688 | 2,677 | 430,959 | 433,636 | 216 | ||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 1,544 | 1,658 | 669 | 3,871 | 213,443 | 217,314 | 390 | ||||||||||||||||||||||||||
One- to four- family junior liens | 325 | 73 | 198 | 596 | 52,014 | 52,610 | 50 | ||||||||||||||||||||||||||
Total residential real estate | 1,869 | 1,731 | 867 | 4,467 | 265,457 | 269,924 | 440 | ||||||||||||||||||||||||||
Consumer | 38 | 72 | 58 | 168 | 18,297 | 18,465 | 8 | ||||||||||||||||||||||||||
Total | $ | 3,351 | $ | 3,055 | $ | 3,226 | $ | 9,632 | $ | 1,067,205 | $ | 1,076,837 | $ | 908 | |||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||
Agricultural | $ | 96 | $ | — | $ | — | $ | 96 | $ | 84,630 | $ | 84,726 | $ | — | |||||||||||||||||||
Commercial and industrial | 289 | 70 | 85 | 444 | 236,749 | 237,193 | 85 | ||||||||||||||||||||||||||
Credit cards | 4 | — | 30 | 34 | 967 | 1,001 | 30 | ||||||||||||||||||||||||||
Overdrafts | 82 | 6 | 39 | 127 | 632 | 759 | — | ||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 448 | — | — | 448 | 86,346 | 86,794 | — | ||||||||||||||||||||||||||
Farmland | — | — | — | — | 81,063 | 81,063 | — | ||||||||||||||||||||||||||
Multifamily | — | — | — | — | 47,758 | 47,758 | — | ||||||||||||||||||||||||||
Commercial real estate-other | 892 | 295 | 67 | 1,254 | 223,115 | 224,369 | 67 | ||||||||||||||||||||||||||
Total commercial real estate | 1,340 | 295 | 67 | 1,702 | 438,282 | 439,984 | 67 | ||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 2,210 | 1,185 | 311 | 3,706 | 194,036 | 197,742 | 311 | ||||||||||||||||||||||||||
One- to four- family junior liens | 233 | 189 | 75 | 497 | 54,637 | 55,134 | 75 | ||||||||||||||||||||||||||
Total residential real estate | 2,443 | 1,374 | 386 | 4,203 | 248,673 | 252,876 | 386 | ||||||||||||||||||||||||||
Consumer | 70 | 72 | 4 | 146 | 18,599 | 18,745 | 4 | ||||||||||||||||||||||||||
Total | $ | 4,324 | $ | 1,817 | $ | 611 | $ | 6,752 | $ | 1,028,532 | $ | 1,035,284 | $ | 572 | |||||||||||||||||||
Non-accrual and Delinquent Loans | |||||||||||||||||||||||||||||||||
Loans are placed on non-accrual when (1) payment in full of principal and interest is no longer expected or (2) principal or interest has been in default for 90 days or more (unless the loan is both well secured with marketable collateral and in the process of collection). All loans rated doubtful or worse, and certain loans rated substandard, are placed on non-accrual. | |||||||||||||||||||||||||||||||||
A non-accrual asset may be restored to an accrual status when (1) all past due principal and interest has been paid (excluding renewals and modifications that involve the capitalizing of interest) or (2) the loan becomes well secured and is in the process of collection. An established track record of performance is also considered when determining accrual status. | |||||||||||||||||||||||||||||||||
Delinquency status of a loan is determined by the number of days that have elapsed past the loan's payment due date, using the following classification groupings: 30-59 days, 60-89 days and 90 days or more. Loans shown in the 30-59 days and 60-89 days columns in the table above reflect contractual delinquency status of loans not considered nonperforming due to classification as a TDR or being placed on non-accrual. | |||||||||||||||||||||||||||||||||
The following table sets forth the composition of the Company's recorded investment in loans on nonaccrual status as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Agricultural | $ | 70 | $ | 64 | |||||||||||||||||||||||||||||
Commercial and industrial | 756 | 757 | |||||||||||||||||||||||||||||||
Credit cards | — | — | |||||||||||||||||||||||||||||||
Overdrafts | — | — | |||||||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 49 | 149 | |||||||||||||||||||||||||||||||
Farmland | 30 | 33 | |||||||||||||||||||||||||||||||
Multifamily | — | — | |||||||||||||||||||||||||||||||
Commercial real estate-other | 1,552 | 1,128 | |||||||||||||||||||||||||||||||
Total commercial real estate | 1,631 | 1,310 | |||||||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 386 | 550 | |||||||||||||||||||||||||||||||
One- to four- family junior liens | 148 | 223 | |||||||||||||||||||||||||||||||
Total residential real estate | 534 | 773 | |||||||||||||||||||||||||||||||
Consumer | 50 | 34 | |||||||||||||||||||||||||||||||
Total | $ | 3,041 | $ | 2,938 | |||||||||||||||||||||||||||||
As of September 30, 2013, the Company had no commitments to lend additional funds to any borrowers who have had a troubled debt restructure. | |||||||||||||||||||||||||||||||||
Loan Pool Participations | |||||||||||||||||||||||||||||||||
ASC Topic 310 addresses accounting for differences between contractual cash flows and cash flows expected to be collected from an investor's initial investment in loans or debt securities acquired in a transfer if those differences are attributable, at least in part, to credit quality. The loans underlying the loan pool participations were evaluated individually when purchased for application of ASC Topic 310, utilizing various criteria including: past-due status, late payments, legal status of the loan (not in foreclosure, judgment against the borrower, or referred to legal counsel), frequency of payments made, collateral adequacy and the borrower's financial condition. If all the criteria were met, the individual loan utilized the accounting treatment required by ASC Topic 310 with the accretable yield difference between the expected cash flows and the purchased basis accreted into income on the level yield basis over the anticipated life of the loan. If any of the six criteria were not met at the time of purchase, the loan was accounted for on the cash basis of accounting. | |||||||||||||||||||||||||||||||||
The loan servicer reviews the portfolio quarterly on a loan-by-loan basis, and loans that are deemed to be impaired are charged down to their estimated value. As of September 30, 2013, approximately 64% of the loans were contractually current or less than 90 days past due, while 36% were contractually past due 90 days or more. Many of the loans were acquired in a contractually past due status, which was reflected in the discounted purchase price of the loans. Performance status is monitored on a monthly basis. The 36% contractually past due includes loans in litigation and foreclosed property. |
Income_Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2013 | |
Income Taxes [Abstract] | ' |
Income Tax Disclosure [Text Block] | ' |
Income Taxes | |
Federal income tax expense for the three and nine months ended September 30, 2013 and 2012 was computed using the consolidated effective federal tax rate. The Company also recognized income tax expense pertaining to state franchise taxes payable by the subsidiary bank. |
Defined_Benefit_Pension_Plan
Defined Benefit Pension Plan | 9 Months Ended |
Sep. 30, 2013 | |
Defined Benefit Pension Plan [Abstract] | ' |
Pension and Other Postretirement Benefits Disclosure [Text Block] | ' |
Defined Benefit Pension Plan | |
Prior to the Company's merger with the Former MidWestOne, the Bank sponsored a noncontributory defined benefit pension plan for substantially all its employees. Effective December 31, 2007, the Bank elected to curtail the plan by limiting this employee benefit to those employees vested as of December 31, 2007. During the second quarter of 2012, the Company completed the liquidation of plan assets and full termination of the plan, including full benefit payout to plan participants. The total amount of the Company's required contribution to fully fund the plan for liquidation was $6.1 million, pre-tax, which is included in Salaries and Employee Benefits on the consolidated statements of operations. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||||||
Fair Value Measurements | |||||||||||||||||||||
ASC Topic 820 defines fair value as the price 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. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability is not adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact. | |||||||||||||||||||||
ASC Topic 820 requires the use of valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement cost). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from independent sources, or unobservable, meaning those that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. In that regard, ASC Topic 820 establishes 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 prices for identical assets or liabilities in active markets 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 (such as interest rates, volatilities, prepayment speeds, credit risks, etc.) 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. | ||||||||||||||||||||
It is the Company's policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements. Recent market conditions have led to diminished, and in some cases, non-existent trading in certain of the financial asset classes. The Company is required to use observable inputs, to the extent available, in the fair value estimation process unless that data results from forced liquidations or distressed sales. Despite the Company's best efforts to maximize the use of relevant observable inputs, the current market environment has diminished the observability of trades and assumptions that have historically been available. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. | |||||||||||||||||||||
Valuation methods for instruments measured at fair value on a recurring basis. | |||||||||||||||||||||
Securities Available for Sale - The Company's investment securities classified as available for sale include: debt securities issued by the U.S. Treasury and other U.S. government corporations and agencies, debt securities issued by state and political subdivisions, mortgage-backed securities, collateralized mortgage obligations, corporate debt securities, and equity securities. Quoted exchange prices are available for equity securities, which are classified as Level 1. The Company utilizes an independent pricing service to obtain the fair value of debt securities. On a quarterly basis, the Company selects a sample of 30 securities from its primary pricing service and compares them to a secondary independent pricing service to validate value. In addition, the Company periodically reviews the pricing methodology utilized by the primary independent service for reasonableness. Debt securities issued by the U.S. Treasury and other U.S. government corporations and agencies and mortgage-backed obligations are priced utilizing industry-standard models that consider various assumptions, including time value, yield curves, volatility factors, prepayment speeds, default rates, loss severity, current market and contractual prices for the underlying financial instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace, can be derived from observable data, or are supported by observable levels at which transactions are executed in the marketplace and are classified as Level 2. Municipal securities are valued using a type of matrix or grid pricing, in which securities are benchmarked against the treasury rate based on credit characteristics. These model and matrix measurements are classified as Level 2 in the fair value hierarchy. On an annual basis, a group of selected municipal securities are priced by a securities dealer and that price is used to verify the primary independent service's valuation. | |||||||||||||||||||||
The Company classifies its pooled trust preferred collateralized debt obligations as Level 3. The portfolio consists of six investments in collateralized debt obligations backed by pools of trust preferred securities issued by financial institutions and insurance companies. The Company has determined that the observable market data associated with these assets do not represent orderly transactions in accordance with ASC Topic 820 and reflect forced liquidations or distressed sales. Based on the lack of observable market data, the Company estimated fair value based on the observable data available and reasonable unobservable market data. The Company estimated fair value based on a discounted cash flow model which used appropriately adjusted discount rates reflecting credit and liquidity risks. | |||||||||||||||||||||
Mortgage Servicing Rights - The Company recognizes the rights to service mortgage loans for others on residential real estate loans internally originated and then sold. Mortgage servicing rights are recorded at fair value based on assumptions through a third-party valuation service. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the servicing cost per loan, the discount rate, the escrow float rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. Because many of these inputs are unobservable, the valuations are classified as Level 3. | |||||||||||||||||||||
The following table summarizes assets measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012. There were no liabilities subject to fair value measurement as of these dates. The assets are segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: | |||||||||||||||||||||
Fair Value Measurement at September 30, 2013 Using | |||||||||||||||||||||
(in thousands) | Total | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable | Unobservable | |||||||||||||||||||
Identical Assets | Inputs | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||
Available for sale debt securities: | |||||||||||||||||||||
U.S. Government agencies and corporations | $ | 51,011 | $ | — | $ | 51,011 | $ | — | |||||||||||||
State and political subdivisions | 203,790 | — | 203,790 | — | |||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | 204,542 | — | 204,542 | — | |||||||||||||||||
Corporate debt securities | 26,649 | — | 26,649 | — | |||||||||||||||||
Collateralized debt obligations | 1,261 | — | — | 1,261 | |||||||||||||||||
Total available for sale debt securities | 487,253 | — | 485,992 | 1,261 | |||||||||||||||||
Available for sale equity securities: | |||||||||||||||||||||
Other equity securities | 2,895 | 2,895 | — | — | |||||||||||||||||
Total available for sale equity securities | 2,895 | 2,895 | — | — | |||||||||||||||||
Total securities available for sale | $ | 490,148 | $ | 2,895 | $ | 485,992 | $ | 1,261 | |||||||||||||
Mortgage servicing rights | $ | 2,324 | $ | — | $ | — | $ | 2,324 | |||||||||||||
Fair Value Measurement at December 31, 2012 Using | |||||||||||||||||||||
(in thousands) | Total | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable | Unobservable | |||||||||||||||||||
Identical Assets | Inputs | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||
Available for sale debt securities: | |||||||||||||||||||||
U.S. Government agencies and corporations | $ | 69,783 | $ | — | $ | 69,783 | $ | — | |||||||||||||
State and political subdivisions | 218,019 | — | 218,019 | — | |||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | 243,118 | — | 243,118 | — | |||||||||||||||||
Corporate debt securities | 24,185 | — | 24,185 | — | |||||||||||||||||
Collateralized debt obligations | 755 | — | — | 755 | |||||||||||||||||
Total available for sale debt securities | 555,860 | — | 555,105 | 755 | |||||||||||||||||
Available for sale equity securities: | |||||||||||||||||||||
Other equity securities | 1,681 | 1,681 | — | — | |||||||||||||||||
Total available for sale equity securities | 1,681 | 1,681 | — | — | |||||||||||||||||
Total securities available for sale | $ | 557,541 | $ | 1,681 | $ | 555,105 | $ | 755 | |||||||||||||
Mortgage servicing rights | $ | 1,484 | $ | — | $ | — | $ | 1,484 | |||||||||||||
There were no transfers of assets between levels of the fair value hierarchy during the three and nine months ended September 30, 2013 and 2012. | |||||||||||||||||||||
The following table presents additional information about assets measured at fair market value on a recurring basis for which the Company has utilized Level 3 inputs to determine fair value for the nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Collateralized | Mortgage | Collateralized | Mortgage | ||||||||||||||||||
Debt | Servicing | Debt | Servicing | ||||||||||||||||||
Obligations | Rights | Obligations | Rights | ||||||||||||||||||
(in thousands) | |||||||||||||||||||||
Beginning balance | $ | 755 | $ | 1,484 | $ | 806 | $ | 1,265 | |||||||||||||
Transfers into Level 3 | — | — | — | — | |||||||||||||||||
Transfers out of Level 3 | — | — | — | — | |||||||||||||||||
Total gains (losses): | |||||||||||||||||||||
Included in earnings | — | 378 | — | (373 | ) | ||||||||||||||||
Included in other comprehensive income | 506 | — | (1 | ) | — | ||||||||||||||||
Purchases, issuances, sales, and settlements: | |||||||||||||||||||||
Purchases | — | — | — | — | |||||||||||||||||
Issuances | — | 462 | — | 543 | |||||||||||||||||
Sales | — | — | — | — | |||||||||||||||||
Settlements | — | — | — | — | |||||||||||||||||
Ending balance | $ | 1,261 | $ | 2,324 | $ | 805 | $ | 1,435 | |||||||||||||
The following table presents the amount of gains and losses included in earnings and other comprehensive income for the nine months ended September 30, 2013 and 2012 that are attributable to the change in unrealized gains and losses relating to those assets still held, and the line item in the consolidated financial statements in which they are included: | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Collateralized | Mortgage | Collateralized | Mortgage | ||||||||||||||||||
Debt | Servicing | Debt | Servicing | ||||||||||||||||||
Obligations | Rights | Obligations | Rights | ||||||||||||||||||
(in thousands) | |||||||||||||||||||||
Total gains for the period in earnings* | $ | — | $ | 840 | $ | — | $ | 170 | |||||||||||||
Change in unrealized gains (losses) for the period included in other comprehensive income | 506 | — | (1 | ) | — | ||||||||||||||||
* included in mortgage origination and loan servicing fees in the consolidated statements of operations. | |||||||||||||||||||||
Changes in the fair value of available for sale securities are included in other comprehensive income to the extent the changes are not considered OTTIs. OTTI tests are performed on a quarterly basis and any decline in the fair value of an individual security below its cost that is deemed to be other-than-temporary results in a write-down that is reflected directly in the Company's consolidated statements of operations. | |||||||||||||||||||||
Valuation methods for instruments measured at fair value on a nonrecurring basis | |||||||||||||||||||||
Collateral Dependent Impaired Loans - From time to time, a loan is considered impaired and an allowance for credit losses is established. The specific reserves for collateral dependent impaired loans are based on the fair value of the collateral less estimated costs to sell. The fair value of collateral is determined based on appraisals. In some cases, adjustments are made to the appraised values due to various factors, including age of the appraisal, age of comparables included in the appraisal, and known changes in the market and in the collateral. Because many of these inputs are unobservable, the valuations are classified as Level 3. | |||||||||||||||||||||
Other Real Estate Owned ("OREO") - OREO represents property acquired through foreclosures and settlements of loans. Property acquired is carried at the lower of the carrying amount of the loan at the time of acquisition, or the estimated fair value of the property, less disposal costs. The Company considers third party appraisals as well as independent fair value assessments from real estate brokers or persons involved in selling OREO in determining the fair value of particular properties. Accordingly, the valuation of OREO is subject to significant external and internal judgment. The Company also periodically reviews OREO to determine whether the property continues to be carried at the lower of its recorded book value or fair value of the property, less disposal costs. Because many of these inputs are unobservable, the valuations are classified as Level 3. | |||||||||||||||||||||
The following table discloses the Company's estimated fair value amounts of its assets recorded at fair value on a nonrecurring basis. It is management's belief that the fair values presented below are reasonable based on the valuation techniques and data available to the Company as of September 30, 2013 and December 31, 2012, as more fully described previously. | |||||||||||||||||||||
Fair Value Measurement at September 30, 2013 Using | |||||||||||||||||||||
(in thousands) | Total | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable | Unobservable | |||||||||||||||||||
Identical Assets | Inputs | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||
Collateral dependent impaired loans: | |||||||||||||||||||||
Agricultural | $ | 65 | $ | — | $ | — | $ | 65 | |||||||||||||
Commercial and industrial | 1,528 | — | — | 1,528 | |||||||||||||||||
Commercial real estate: | |||||||||||||||||||||
Construction and development | 154 | — | — | 154 | |||||||||||||||||
Farmland | 97 | — | — | 97 | |||||||||||||||||
Multifamily | — | — | — | — | |||||||||||||||||
Commercial real estate-other | 1,949 | — | — | 1,949 | |||||||||||||||||
Total commercial real estate | 2,200 | — | — | 2,200 | |||||||||||||||||
Residential real estate: | |||||||||||||||||||||
One- to four- family first liens | 512 | — | — | 512 | |||||||||||||||||
One- to four- family junior liens | 112 | — | — | 112 | |||||||||||||||||
Total residential real estate | 624 | — | — | 624 | |||||||||||||||||
Consumer | 53 | — | — | 53 | |||||||||||||||||
Collateral dependent impaired loans | $ | 4,470 | $ | — | $ | — | $ | 4,470 | |||||||||||||
Other real estate owned | $ | 1,917 | $ | — | $ | — | $ | 1,917 | |||||||||||||
Fair Value Measurement at December 31, 2012 Using | |||||||||||||||||||||
(in thousands) | Total | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable | Unobservable | |||||||||||||||||||
Identical Assets | Inputs | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||
Collateral dependent impaired loans: | |||||||||||||||||||||
Agricultural | $ | — | $ | — | $ | — | $ | — | |||||||||||||
Commercial and industrial | 1,106 | — | — | 1,106 | |||||||||||||||||
Commercial real estate: | |||||||||||||||||||||
Construction and development | 496 | — | — | 496 | |||||||||||||||||
Farmland | — | — | — | — | |||||||||||||||||
Multifamily | — | — | — | — | |||||||||||||||||
Commercial real estate-other | 501 | — | — | 501 | |||||||||||||||||
Total commercial real estate | 997 | — | — | 997 | |||||||||||||||||
Residential real estate: | |||||||||||||||||||||
One- to four- family first liens | 114 | — | — | 114 | |||||||||||||||||
One- to four- family junior liens | 19 | — | — | 19 | |||||||||||||||||
Total residential real estate | 133 | — | — | 133 | |||||||||||||||||
Consumer | 32 | — | — | 32 | |||||||||||||||||
Collateral dependent impaired loans | $ | 2,268 | $ | — | $ | — | $ | 2,268 | |||||||||||||
Other real estate owned | $ | 3,278 | $ | — | $ | — | $ | 3,278 | |||||||||||||
The following presents the carrying amount and estimated fair value of the financial instruments held by the Company at September 30, 2013 and December 31, 2012. The information presented is subject to change over time based on a variety of factors. The operations of the Company are managed on a going concern basis and not a liquidation basis. As a result, the ultimate value realized from the financial instruments presented could be substantially different when actually recognized over time through the normal course of operations. Additionally, a substantial portion of the Company's inherent value is the Bank's capitalization and franchise value. Neither of these components has been given consideration in the presentation of fair values below. | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Carrying | Estimated | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs | |||||||||||||||||
Amount | Fair Value | (Level 3) | |||||||||||||||||||
(in thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 26,066 | $ | 26,066 | $ | 26,066 | $ | — | $ | — | |||||||||||
Investment securities: | |||||||||||||||||||||
Available for sale | 490,148 | 490,148 | 2,895 | 485,992 | 1,261 | ||||||||||||||||
Held to maturity | 32,825 | 30,743 | — | 30,743 | — | ||||||||||||||||
Total investment securities | 522,973 | 520,891 | 2,895 | 516,735 | 1,261 | ||||||||||||||||
Loans held for sale | 206 | 213 | — | — | 213 | ||||||||||||||||
Loans, net: | |||||||||||||||||||||
Agricultural | 89,875 | 89,859 | — | — | 89,859 | ||||||||||||||||
Commercial and industrial | 257,068 | 256,685 | — | — | 256,685 | ||||||||||||||||
Credit cards | 1,132 | 1,132 | — | — | 1,132 | ||||||||||||||||
Overdrafts | 485 | 485 | — | — | 485 | ||||||||||||||||
Commercial real estate: | |||||||||||||||||||||
Construction and development | 66,206 | 66,405 | — | — | 66,405 | ||||||||||||||||
Farmland | 84,757 | 85,676 | — | — | 85,676 | ||||||||||||||||
Multifamily | 53,214 | 53,350 | — | — | 53,350 | ||||||||||||||||
Commercial real estate-other | 223,049 | 224,542 | — | — | 224,542 | ||||||||||||||||
Total commercial real estate | 427,226 | 429,973 | — | — | 429,973 | ||||||||||||||||
Residential real estate: | |||||||||||||||||||||
One- to four- family first liens | 214,217 | 214,781 | — | — | 214,781 | ||||||||||||||||
One- to four- family junior liens | 52,052 | 52,896 | — | — | 52,896 | ||||||||||||||||
Total residential real estate | 266,269 | 267,677 | — | — | 267,677 | ||||||||||||||||
Consumer | 18,277 | 18,300 | — | — | 18,300 | ||||||||||||||||
Total loans, net | 1,060,332 | 1,064,111 | — | — | 1,064,111 | ||||||||||||||||
Loan pool participations, net | 28,071 | 28,071 | — | — | 28,071 | ||||||||||||||||
Accrued interest receivable | 10,554 | 10,554 | 10,554 | — | — | ||||||||||||||||
Federal Home Loan Bank stock | 10,768 | 10,768 | — | 10,768 | — | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits: | |||||||||||||||||||||
Non-interest bearing demand | 201,886 | 201,886 | 201,886 | — | — | ||||||||||||||||
Interest-bearing checking | 576,318 | 576,318 | 576,318 | — | — | ||||||||||||||||
Savings | 94,043 | 94,043 | 94,043 | — | — | ||||||||||||||||
Certificates of deposit under $100,000 | 270,275 | 270,982 | — | 270,982 | — | ||||||||||||||||
Certificates of deposit $100,000 and over | 179,129 | 179,722 | — | 179,722 | — | ||||||||||||||||
Total deposits | 1,321,651 | 1,322,951 | 872,247 | 450,704 | — | ||||||||||||||||
Federal funds purchased and securities sold under agreements to repurchase | 67,058 | 67,058 | 67,058 | — | — | ||||||||||||||||
Federal Home Loan Bank borrowings | 145,187 | 145,992 | — | — | 145,992 | ||||||||||||||||
Long-term debt | 15,464 | 9,846 | — | — | 9,846 | ||||||||||||||||
Accrued interest payable | 1,267 | 1,267 | 1,267 | — | — | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Carrying | Estimated | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs | |||||||||||||||||
Amount | Fair Value | (Level 3) | |||||||||||||||||||
(in thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 47,191 | $ | 47,191 | $ | 47,191 | $ | — | $ | — | |||||||||||
Investment securities: | |||||||||||||||||||||
Available for sale | 557,541 | 557,541 | 1,681 | 555,105 | 755 | ||||||||||||||||
Held to maturity | 32,669 | 32,920 | — | 32,920 | — | ||||||||||||||||
Total investment securities | 590,210 | 590,461 | 1,681 | 588,025 | 755 | ||||||||||||||||
Loans held for sale | 1,195 | 1,224 | — | — | 1,224 | ||||||||||||||||
Loans, net: | |||||||||||||||||||||
Agricultural | 83,602 | 83,180 | — | — | 83,180 | ||||||||||||||||
Commercial and industrial | 232,337 | 230,615 | — | — | 230,615 | ||||||||||||||||
Credit cards | 982 | 982 | — | — | 982 | ||||||||||||||||
Overdrafts | 562 | 562 | — | — | 562 | ||||||||||||||||
Commercial real estate: | |||||||||||||||||||||
Construction and development | 84,645 | 84,335 | — | — | 84,335 | ||||||||||||||||
Farmland | 80,425 | 79,931 | — | — | 79,931 | ||||||||||||||||
Multifamily | 47,407 | 47,450 | — | — | 47,450 | ||||||||||||||||
Commercial real estate-other | 221,229 | 222,421 | — | — | 222,421 | ||||||||||||||||
Total commercial real estate | 433,706 | 434,137 | — | — | 434,137 | ||||||||||||||||
Residential real estate: | |||||||||||||||||||||
One- to four- family first liens | 195,126 | 193,906 | — | — | 193,906 | ||||||||||||||||
One- to four- family junior liens | 54,449 | 54,808 | — | — | 54,808 | ||||||||||||||||
Total residential real estate | 249,575 | 248,714 | — | — | 248,714 | ||||||||||||||||
Consumer | 18,563 | 18,631 | — | — | 18,631 | ||||||||||||||||
Total loans, net | 1,019,327 | 1,016,821 | — | — | 1,016,821 | ||||||||||||||||
Loan pool participations, net | 35,650 | 35,650 | — | — | 35,650 | ||||||||||||||||
Accrued interest receivable | 10,292 | 10,292 | 10,292 | — | — | ||||||||||||||||
Federal Home Loan Bank stock | 11,087 | 11,087 | — | 11,087 | — | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits: | |||||||||||||||||||||
Non-interest bearing demand | 190,491 | 190,491 | 190,491 | — | — | ||||||||||||||||
Interest-bearing checking | 582,283 | 582,283 | 582,283 | — | — | ||||||||||||||||
Savings | 91,603 | 91,603 | 91,603 | — | — | ||||||||||||||||
Certificates of deposit under $100,000 | 312,489 | 314,978 | — | 314,978 | — | ||||||||||||||||
Certificates of deposit $100,000 and over | 222,867 | 224,311 | — | 224,311 | — | ||||||||||||||||
Total deposits | 1,399,733 | 1,403,666 | 864,377 | 539,289 | — | ||||||||||||||||
Federal funds purchased and securities sold under agreements to repurchase | 68,823 | 68,823 | 68,823 | — | — | ||||||||||||||||
Federal Home Loan Bank borrowings | 120,120 | 123,202 | — | — | 123,202 | ||||||||||||||||
Long-term debt | 15,464 | 9,939 | — | — | 9,939 | ||||||||||||||||
Accrued interest payable | 1,475 | 1,475 | 1,475 | — | — | ||||||||||||||||
• | Cash and cash equivalents, non-interest-bearing demand deposits, federal funds purchased, securities sold under repurchase agreements, and accrued interest are instruments with carrying values that approximate fair value. | ||||||||||||||||||||
• | Investment securities available for sale are measured at fair value on a recurring basis. Held to maturity securities are carried at amortized cost. Fair value is based upon quoted prices, if available. If a quoted price is not available, the fair value is obtained from benchmarking the security against similar securities by using a third-party pricing service. | ||||||||||||||||||||
• | Loans held for sale are carried at the lower of cost or fair value, with fair value being based on recent observable loan sales. The portfolio has historically consisted primarily of residential real estate loans. | ||||||||||||||||||||
• | For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. The fair values for other loans are determined using estimated future cash flows, discounted at the interest rates currently being offered for loans with similar terms to borrowers with similar credit quality. The Company does record nonrecurring fair value adjustments to loans to reflect (1) partial write-downs and allowances that are based on the observable market price or appraised value of the collateral or (2) the full charge-off of the loan carrying value. | ||||||||||||||||||||
• | Loan pool participation carrying values represent the discounted price paid by us to acquire our participation interests in the various loan pool participations purchased, which approximates fair value. | ||||||||||||||||||||
• | The fair value of Federal Home Loan Bank stock is estimated at its carrying value and redemption price of $100 per share. | ||||||||||||||||||||
• | Deposit liabilities are carried at historical cost. The fair value of demand deposits, savings accounts and certain money market account deposits is the amount payable on demand at the reporting date. The fair value of fixed maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities. If the fair value of the fixed maturity certificates of deposit is calculated at less than the carrying amount, the carrying value of these deposits is reported as the fair value. | ||||||||||||||||||||
• | Federal Home Loan Bank borrowings and long-term debt are recorded at historical cost. The fair value of these items is estimated using discounted cash flow analysis, based on the Company's current incremental borrowing rates for similar types of borrowing arrangements. | ||||||||||||||||||||
The following presents the valuation technique(s), observable inputs, and quantitative information about the unobservable inputs used for fair value measurements of the financial instruments held by the Company at September 30, 2013, categorized within Level 3 of the fair value hierarchy: | |||||||||||||||||||||
Quantitative Information About Level 3 Fair Value Measurements | |||||||||||||||||||||
(dollars in thousands) | Fair Value at September 30, 2013 | Valuation Techniques(s) | Unobservable Input | Range of Inputs | Weighted Average | ||||||||||||||||
Collateralized debt obligations | $ | 1,261 | Discounted cash flows | Pretax discount rate | 15 | % | - | 15 | % | 15 | % | ||||||||||
Actual defaults | 14.01 | % | - | 20.94 | % | 16.21 | % | ||||||||||||||
Actual deferrals | 4.73 | % | - | 16.01 | % | 9.09 | % | ||||||||||||||
Collateral dependent impaired loans: | |||||||||||||||||||||
Agricultural | 65 | Modified appraised value | Third party appraisal | NM * | NM * | NM * | |||||||||||||||
Appraisal discount | NM * | NM * | NM * | ||||||||||||||||||
Commercial and industrial | 1,528 | Modified appraised value | Third party appraisal | NM * | NM * | NM * | |||||||||||||||
Appraisal discount | NM * | NM * | NM * | ||||||||||||||||||
Construction & development | 154 | Modified appraised value | Third party appraisal | NM * | NM * | NM * | |||||||||||||||
Appraisal discount | NM * | NM * | NM * | ||||||||||||||||||
Farmland | 97 | Modified appraised value | Third party appraisal | NM * | NM * | NM * | |||||||||||||||
Appraisal discount | NM * | NM * | NM * | ||||||||||||||||||
Commercial Real Estate-other | 1,949 | Modified appraised value | Third party appraisal | NM * | NM * | NM * | |||||||||||||||
Appraisal discount | NM * | NM * | NM * | ||||||||||||||||||
Residential real estate one- to four- | 512 | Modified appraised value | Third party appraisal | NM * | NM * | NM * | |||||||||||||||
family first liens | Appraisal discount | NM * | NM * | NM * | |||||||||||||||||
Residential real estate one- to four- | 112 | Modified appraised value | Third party appraisal | NM * | NM * | NM * | |||||||||||||||
family junior liens | Appraisal discount | NM * | NM * | NM * | |||||||||||||||||
Consumer | 53 | Modified appraised value | Third party appraisal | NM * | NM * | NM * | |||||||||||||||
Appraisal discount | NM * | NM * | NM * | ||||||||||||||||||
Mortgage servicing rights | 2,324 | Discounted cash flows | Constant prepayment rate | 7.73 | % | - | 17.26 | % | 7.99 | % | |||||||||||
Pretax discount rate | 10.15 | % | - | 13 | % | 10.17 | % | ||||||||||||||
Other real estate owned | 1,917 | Modified appraised value | Third party appraisal | NM * | NM * | NM * | |||||||||||||||
Appraisal discount | NM * | NM * | NM * | ||||||||||||||||||
* Not Meaningful. Third party appraisals are obtained as to the value of the underlying asset, but disclosure of this information would not provide meaningful information, as the range will vary widely from loan to loan. Types of discounts considered include age of the appraisal, local market conditions, current condition of the property, and estimated sales costs. These discounts will also vary from loan to loan, thus providing a range would not be meaningful. | |||||||||||||||||||||
Changes in assumptions or estimation methodologies may have a material effect on these estimated fair values. |
Variable_Interest_Entities
Variable Interest Entities | 9 Months Ended |
Sep. 30, 2013 | |
Variable Interest Entities [Abstract] | ' |
Variable Interest Entity [Text Block] | ' |
Variable Interest Entities | |
Loan Pool Participations | |
The Company has invested in certain participation certificates of loan pools which are purchased, held and serviced by a third-party independent servicing corporation. The Company's portfolio holds approximately 95% of the participation interests in the pools of loans owned and serviced by States Resources Corporation (“SRC”), a third-party loan servicing organization in Omaha, Nebraska, in which the Company participates. SRC's owner holds the rest. The Company does not have any ownership interest in or exert any control over SRC, and thus it is not included in the consolidated financial statements. | |
These pools of loans were purchased from large nonaffiliated banking organizations and from the FDIC acting as receiver of failed banks and savings associations. As loan pools were put out for bid (generally in a sealed bid auction), SRC's due diligence teams evaluated the loans and determined their interest in bidding on the pool. After the due diligence, the Company's management reviewed the status and decided if it wished to continue in the process. If the decision to consider a bid was made, SRC conducted additional analysis to determine the appropriate bid price. This analysis involved discounting loan cash flows with adjustments made for expected losses, changes in collateral values as well as targeted rates of return. A cost or investment basis was assigned to each individual loan at cents per dollar (discounted price) based on SRC's assessment of the recovery potential of each loan. | |
Once a bid was awarded to SRC, the Company assumed the risk of profit or loss but on a non-recourse basis so the risk is limited to its initial investment. The extent of the risk is also dependent upon: the debtor or guarantor's financial condition, the possibility that a debtor or guarantor may file for bankruptcy protection, SRC's ability to locate any collateral and obtain possession, the value of such collateral, and the length of time it takes to realize the recovery either through collection procedures, legal process, or resale of the loans after a restructure. | |
Loan pool participations are shown on the Company's consolidated balance sheets as a separate asset category. The original carrying value or investment basis of loan pool participations is the discounted price paid by the Company to acquire its interests, which, as noted, is less than the face amount of the underlying loans. The Company's investment basis is reduced as SRC recovers principal on the loans and remits its share to the Company or as loan balances are written off as uncollectible. |
Effect_of_New_Financial_Accoun
Effect of New Financial Accounting Standards | 9 Months Ended |
Sep. 30, 2013 | |
Effect of New Financial Accounting Standards [Abstract] | ' |
Description of New Accounting Pronouncements Not yet Adopted [Text Block] | ' |
Effect of New Financial Accounting Standards | |
In July 2012, the FASB issued Accounting Standards Update No. 2012-02, Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment. This update permits an entity to make a qualitative assessment to determine whether it is more likely than not that an indefinite-lived intangible asset, other than goodwill, is impaired. Under this update, if an entity concludes, based on an evaluation of all relevant qualitative factors, that it is not more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying amount, it will not be required to perform the quantitative impairment test for that asset. The update became effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012.The adoption of this amendment did not have a material effect on the Company's consolidated financial statements. | |
In February 2013, the FASB issued Accounting Standards Update No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This update seeks to improve the reporting of reclassifications out of accumulated other comprehensive income by requiring an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income, if the amount being reclassified is required to be reclassified in its entirety to net income. For other amounts that are not required to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required that provide additional detail about those amounts. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is reclassified to a balance sheet account (for example, inventory) instead of directly to income or expense in the same reporting period. For public entities, the amendments became effective prospectively for reporting periods beginning after December 15, 2012. The adoption of this amendment did not have a material effect on the Company's consolidated financial statements. |
Subsequent_Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
Subsequent Events | |
Management evaluated subsequent events through the date the consolidated financial statements were issued. Events or transactions occurring after September 30, 2013, but prior to the date the consolidated financial statements were issued, that provided additional evidence about conditions that existed at September 30, 2013 have been recognized in the consolidated financial statements for the period ended September 30, 2013. Events or transactions that provided evidence about conditions that did not exist at September 30, 2013, but arose before the consolidated financial statements were issued, have not been recognized in the consolidated financial statements for the period ended September 30, 2013. | |
On October 15, 2013, the Board of Directors of the Company declared a cash dividend of $0.125 per share payable on December 16, 2013 to shareholders of record as of the close of business on December 1, 2013. |
Principles_of_Consolidation_an1
Principles of Consolidation and Presentation Prior Period Accounting Correction (Policy) | 9 Months Ended |
Sep. 30, 2013 | |
Prior Period Accounting Correction [Abstract] | ' |
Accounting Changes and Error Corrections | ' |
During the quarter ended June 30, 2013, the Company identified an immaterial error in its accounting for other-than-temporary impairment on its portfolio of collateralized debt obligations. This error related to the identification of credit-related impairments subsequent to the Company's adoption of Financial Accounting Standards Board (FASB) Staff Position (FSP) No. FAS 115-2 and FAS 124-2, “Recognition and Presentation of Other-Than-Temporary Impairments” as of April 1, 2009. | |
As a result, the Company has adjusted prior period amounts for the immaterial error. Specifically, on the Company's consolidated statement of shareholders' equity the balance of retained earnings was reduced by $2,653,000, from $66,299,000 to $63,646,000, and accumulated other comprehensive income was increased by $2,653,000, from $3,484,000 to $6,137,000, as of December 31, 2011, to reflect the effect of the error in the years ended December 31, 2009, 2010, and 2011. On the Company's consolidated balance sheets, retained earnings and accumulated other comprehensive income as of December 31, 2012, were decreased and increased, respectively, by $2,870,000. Of the adjustment amounts as of December 31, 2011 and 2012, $2,322,000 relates to the after-tax effect of credit impairments that should have been recognized in the Company's consolidated statements of operations for the year ended December 31, 2009. Downward adjustments of $212,000 to the Company's net income in the consolidated statements of operations for the three- and nine-month periods ended September 30, 2012 were necessary as a result of this correction. | |
The correction will also result in the following adjustments to historical amounts which will be part of comparative amounts in future filings: (i) on the Company's consolidated statement of shareholders' equity, the balance of retained earnings will be reduced by $2,647,000, from $55,619,000 to $52,972,000, and accumulated other comprehensive income will be increased by $2,647,000, from $(1,826,000) to $821,000, as of December 31, 2010, to reflect the effect of the error in the years ended December 31, 2009 and 2010; (ii) on the Company's consolidated statements of operations, net income for the year ended December 31, 2011 will be reduced $6,000, from $13,317,000 to $13,311,000, with no change in the reported basic or diluted earnings per share for such time period; (iii) on the Company's consolidated statements of operations, net income for the year ended December 31, 2012 will be reduced $217,000, from $16,751,000 to $16,534,000, with basic earnings per share decreasing from $1.97 to $1.95 and diluted earnings per share decreasing from $1.96 to $1.94 during such period; (iv) corresponding adjustments to the Company's comprehensive income will be made for the years ended December 31, 2012 and 2011; and (v) amounts in relevant footnotes for all periods to be presented will be corrected for the effects of this immaterial error. |
Loan_Receivable_and_the_Allowa
Loan Receivable and the Allowance for Loan Losses (Policy) | 9 Months Ended | |
Sep. 30, 2013 | ||
Accounting Policies [Abstract] | ' | |
Loans and Leases Receivable, Troubled Debt Restructuring Policy [Policy Text Block] | ' | |
All loans deemed troubled debt restructure or “TDR” are considered impaired. A loan is considered a TDR when the Bank, for economic or legal reasons related to a borrower's financial difficulties, grants a concession to the borrower that the Bank would not otherwise consider. All of the following factors are indicators that the Bank has granted a concession (one or multiple items may be present): | ||
• | The borrower receives a reduction of the stated interest rate for the remaining original life of the debt. | |
• | The borrower receives an extension of the maturity date or dates at a stated interest rate lower that the current market interest rate for new debt with similar risk characteristics. | |
• | The borrower receives a reduction of the face amount or maturity amount of the debt as stated in the instrument or other agreement. | |
• | The borrower receives a deferral of required payments (principal and/or interest). | |
• | The borrower receives a reduction of the accrued interest. | |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | ' | |
Loans Reviewed Collectively for Impairment | ||
All loans not evaluated individually for impairment are grouped together by type (i.e. commercial, agricultural, consumer, etc.) and further segmented within each subset by risk classification (i.e. pass, special mention, and substandard). Homogeneous loans past due 60-89 days and 90+ days, are classified special mention and substandard, respectively, for allocation purposes. | ||
The Company's historical loss experience for each loan type is calculated using the fiscal quarter-end data for the most recent 20 quarters as a starting point for estimating losses. In addition, other prevailing qualitative or environmental factors likely to cause probable losses to vary from historical data are incorporated in the form of adjustments to increase or decrease the loss rate applied to each group. These adjustments are documented, and fully explain how the current information, events, circumstances, and conditions impact the historical loss measurement assumptions. | ||
Although not a comprehensive list, the following are considered key factors and are evaluated with each calculation of the ALLL to determine if adjustments to historical loss rates are warranted: | ||
• | Changes in lending policies and procedures, including changes in underwriting standards and collection, charge-off, and recovery practices not considered elsewhere in estimating credit losses. | |
• | Changes in international, national, regional, and local economic and business conditions and developments that affect the collectability of the portfolio, including the condition of various market segments. | |
• | Changes in the nature and volume of the portfolio and in the terms of loans. | |
• | Changes in the experience, ability and depth of lending management and other relevant staff. | |
• | Changes in the volume and severity of past due loans, the volume of nonaccrual loans, and the volume and severity of adversely classified or graded loans. | |
• | Changes in the quality of our loan review system. | |
• | Changes in the value of underlying collateral for collateral-dependent loans. | |
• | The existence and effect of any concentrations of credit, and changes in the level of such concentrations. | |
• | The effect of other external factors, such as competition and legal and regulatory requirements, on the level of estimated credit losses in the Bank's existing portfolio. | |
The items listed above are used to determine the pass percentage for loans evaluated collectively and, as such, are applied to the loans risk rated pass. Due to the inherent risks associated with special mention risk rated loans (i.e. early stages of financial deterioration, technical exceptions, etc.), this subset is reserved at two times the pass allocation factor to reflect this increased risk exposure. In addition, non-impaired loans classified as substandard loans carry greater risk than special mention loans, and as such, this subset is reserved at six times the pass allocation. Further, non-impaired loans less than $0.2 million that are past due 60 - 89 days or 90 days and over, are respectively classified as special mention or substandard. They are given an increased loan loss allocation of 25% or 50%, respectively, above the five year historical loss rate of the specific loan type. | ||
The Allowance for Loan and Lease Losses - Loan Pool Participations | ||
The Company requires that the loan pool participation ALLL will be at least sufficient to cover the next quarter's estimated charge-offs as presented by the servicer. Currently, charge-offs are netted against the income the Company receives, thus the balance in the loan pool participation reserve is not affected and remains stable. In essence, a provision for loan losses is made that is equal to the quarterly charge-offs, which is deducted from income received from the loan pool participations. By maintaining a sufficient reserve to cover the next quarter's charge-offs, the Company will have sufficient reserves in place should no income be collected from the loan pool participations during the quarter. In the event the estimated charge-offs provided by the servicer are greater than the loan pool participation ALLL, an additional provision is made to cover the difference between the current ALLL and the estimated charge-offs provided by the servicer. | ||
Loans Reviewed Individually for Impairment | ||
The loan servicer reviews the portfolio quarterly on a loan-by-loan basis, and loans that are deemed to be impaired are charged-down to their estimated value. All loans that are to be charged-down are reserved against in the ALLL adequacy calculation. Loans that continue to have an investment basis that have been charged-down are monitored, and if additional impairment is noted the reserve requirement is increased on the individual loan. | ||
Loans Reviewed Collectively for Impairment | ||
The Company utilizes the annualized average of portfolio loan (not loan pool) historical loss per risk category over a two-year period of time. Supporting documentation for the technique used to develop the historical loss rate for each group of loans is required to be maintained. It is management's assessment that the two-year rate is most reflective of the probable credit losses in the current loan pool portfolio. | ||
Loans and Leases Receivable, Past Due Status, Policy [Policy Text Block] | ' | |
Non-accrual and Delinquent Loans | ||
Loans are placed on non-accrual when (1) payment in full of principal and interest is no longer expected or (2) principal or interest has been in default for 90 days or more (unless the loan is both well secured with marketable collateral and in the process of collection). All loans rated doubtful or worse, and certain loans rated substandard, are placed on non-accrual. | ||
A non-accrual asset may be restored to an accrual status when (1) all past due principal and interest has been paid (excluding renewals and modifications that involve the capitalizing of interest) or (2) the loan becomes well secured and is in the process of collection. An established track record of performance is also considered when determining accrual status. | ||
Delinquency status of a loan is determined by the number of days that have elapsed past the loan's payment due date, using the following classification groupings: 30-59 days, 60-89 days and 90 days or more. Loans shown in the 30-59 days and 60-89 days columns in the table above reflect contractual delinquency status of loans not considered nonperforming due to classification as a TDR or being placed on non-accrual. | ||
Loan Pool Participations, Policy [Policy Text Block] | ' | |
Loan Pool Participations | ||
ASC Topic 310 addresses accounting for differences between contractual cash flows and cash flows expected to be collected from an investor's initial investment in loans or debt securities acquired in a transfer if those differences are attributable, at least in part, to credit quality. The loans underlying the loan pool participations were evaluated individually when purchased for application of ASC Topic 310, utilizing various criteria including: past-due status, late payments, legal status of the loan (not in foreclosure, judgment against the borrower, or referred to legal counsel), frequency of payments made, collateral adequacy and the borrower's financial condition. If all the criteria were met, the individual loan utilized the accounting treatment required by ASC Topic 310 with the accretable yield difference between the expected cash flows and the purchased basis accreted into income on the level yield basis over the anticipated life of the loan. If any of the six criteria were not met at the time of purchase, the loan was accounted for on the cash basis of accounting. | ||
The loan servicer reviews the portfolio quarterly on a loan-by-loan basis, and loans that are deemed to be impaired are charged down to their estimated value. As of September 30, 2013, approximately 64% of the loans were contractually current or less than 90 days past due, while 36% were contractually past due 90 days or more. Many of the loans were acquired in a contractually past due status, which was reflected in the discounted purchase price of the loans. Performance status is monitored on a monthly basis. The 36% contractually past due includes loans in litigation and foreclosed property. |
Fair_Value_Measurements_Policy
Fair Value Measurements (Policy) | 9 Months Ended | |
Sep. 30, 2013 | ||
Accounting Policies [Abstract] | ' | |
Fair Value of Financial Instruments, Policy [Policy Text Block] | ' | |
ASC Topic 820 defines fair value as the price 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. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability is not adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact. | ||
ASC Topic 820 requires the use of valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement cost). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from independent sources, or unobservable, meaning those that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. In that regard, ASC Topic 820 establishes 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 prices for identical assets or liabilities in active markets 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 (such as interest rates, volatilities, prepayment speeds, credit risks, etc.) 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. | |
It is the Company's policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements. Recent market conditions have led to diminished, and in some cases, non-existent trading in certain of the financial asset classes. The Company is required to use observable inputs, to the extent available, in the fair value estimation process unless that data results from forced liquidations or distressed sales. Despite the Company's best efforts to maximize the use of relevant observable inputs, the current market environment has diminished the observability of trades and assumptions that have historically been available. |
Variable_Interest_Entities_Pol
Variable Interest Entities (Policy) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Consolidation, Variable Interest Entity, Policy [Policy Text Block] | ' |
The Company has invested in certain participation certificates of loan pools which are purchased, held and serviced by a third-party independent servicing corporation. The Company's portfolio holds approximately 95% of the participation interests in the pools of loans owned and serviced by States Resources Corporation (“SRC”), a third-party loan servicing organization in Omaha, Nebraska, in which the Company participates. SRC's owner holds the rest. The Company does not have any ownership interest in or exert any control over SRC, and thus it is not included in the consolidated financial statements. |
Earnings_per_Common_Share_Tabl
Earnings per Common Share (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Earnings per Common Share [Abstract] | ' | |||||||||||||||||
Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method [Table Text Block] | ' | |||||||||||||||||
The following table presents the computation of earnings per common share for the respective periods: | ||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||
(dollars in thousands, except per share amounts) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||
Basic earnings per common share computation | ||||||||||||||||||
Numerator: | ||||||||||||||||||
Net income | $ | 4,864 | $ | 4,238 | $ | 14,185 | $ | 12,182 | ||||||||||
Denominator: | ||||||||||||||||||
Weighted average shares outstanding | 8,468,755 | 8,483,918 | 8,478,928 | 8,484,404 | ||||||||||||||
Basic earnings per common share | $ | 0.57 | $ | 0.5 | $ | 1.67 | $ | 1.44 | ||||||||||
Diluted earnings per common share computation | ||||||||||||||||||
Numerator: | ||||||||||||||||||
Net income | $ | 4,864 | $ | 4,238 | $ | 14,185 | $ | 12,182 | ||||||||||
Denominator: | ||||||||||||||||||
Weighted average shares outstanding, included all dilutive potential shares | 8,517,645 | 8,534,908 | 8,524,451 | 8,526,161 | ||||||||||||||
Diluted earnings per common share | $ | 0.57 | $ | 0.5 | $ | 1.66 | $ | 1.43 | ||||||||||
Investment_Securities_Tables
Investment Securities (Tables) | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||
Investment Securities [Abstract] | ' | |||||||||||||||||||||||||||
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | ' | |||||||||||||||||||||||||||
A summary of investment securities available for sale is as follows: | ||||||||||||||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | |||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair Value | |||||||||||||||||||||||||
Gains | Losses | |||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||
U.S. Government agencies and corporations | $ | 51,202 | $ | 587 | $ | 778 | $ | 51,011 | ||||||||||||||||||||
State and political subdivisions | 200,133 | 6,143 | 2,486 | 203,790 | ||||||||||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | 203,679 | 3,247 | 2,384 | 204,542 | ||||||||||||||||||||||||
Corporate debt securities | 28,925 | 276 | 1,291 | 27,910 | ||||||||||||||||||||||||
Total debt securities | 483,939 | 10,253 | 6,939 | 487,253 | ||||||||||||||||||||||||
Other equity securities | 2,652 | 282 | 39 | 2,895 | ||||||||||||||||||||||||
Total | $ | 486,591 | $ | 10,535 | $ | 6,978 | $ | 490,148 | ||||||||||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | |||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair Value | |||||||||||||||||||||||||
Gains | Losses | |||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||
U.S. Government agencies and corporations | $ | 68,707 | $ | 1,132 | $ | 56 | $ | 69,783 | ||||||||||||||||||||
State and political subdivisions | 206,392 | 11,752 | 125 | 218,019 | ||||||||||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | 236,713 | 6,433 | 28 | 243,118 | ||||||||||||||||||||||||
Corporate debt securities | 26,438 | 360 | 1,858 | 24,940 | ||||||||||||||||||||||||
Total debt securities | 538,250 | 19,677 | 2,067 | 555,860 | ||||||||||||||||||||||||
Other equity securities | 1,637 | 109 | 65 | 1,681 | ||||||||||||||||||||||||
Total | $ | 539,887 | $ | 19,786 | $ | 2,132 | $ | 557,541 | ||||||||||||||||||||
Held-to-maturity Securities [Table Text Block] | ' | |||||||||||||||||||||||||||
A summary of investment securities held to maturity is as follows: | ||||||||||||||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | |||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair Value | |||||||||||||||||||||||||
Gains | Losses | |||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||
State and political subdivisions | $ | 19,894 | $ | — | $ | 1,278 | $ | 18,616 | ||||||||||||||||||||
Mortgage-backed securities | 9,670 | 3 | 752 | 8,921 | ||||||||||||||||||||||||
Corporate debt securities | 3,261 | — | 55 | 3,206 | ||||||||||||||||||||||||
Total | $ | 32,825 | $ | 3 | $ | 2,085 | $ | 30,743 | ||||||||||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | |||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair Value | |||||||||||||||||||||||||
Gains | Losses | |||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||
State and political subdivisions | $ | 19,278 | $ | 199 | $ | 57 | $ | 19,420 | ||||||||||||||||||||
Mortgage-backed securities | 10,133 | 121 | — | 10,254 | ||||||||||||||||||||||||
Corporate debt securities | 3,258 | — | 12 | 3,246 | ||||||||||||||||||||||||
Total | $ | 32,669 | $ | 320 | $ | 69 | $ | 32,920 | ||||||||||||||||||||
Schedule of Temporary Impairment Losses, Investments [Table Text Block] | ' | |||||||||||||||||||||||||||
The following presents information pertaining to securities with gross unrealized losses as of September 30, 2013 and December 31, 2012, aggregated by investment category and length of time that individual securities have been in a continuous loss position: | ||||||||||||||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||||||
Number | Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||
of | ||||||||||||||||||||||||||||
Available for Sale | Securities | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||||||
(in thousands, except number of securities) | ||||||||||||||||||||||||||||
U.S. Government agencies and corporations | 3 | $ | 22,083 | $ | 778 | $ | — | $ | — | $ | 22,083 | $ | 778 | |||||||||||||||
State and political subdivisions | 134 | 43,345 | 2,486 | — | — | 43,345 | 2,486 | |||||||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | 14 | 95,204 | 2,384 | — | — | 95,204 | 2,384 | |||||||||||||||||||||
Corporate debt securities | 8 | 14,266 | 180 | 1,260 | 1,111 | 15,526 | 1,291 | |||||||||||||||||||||
Other equity securities | 1 | 960 | 39 | — | — | 960 | 39 | |||||||||||||||||||||
Total | 160 | $ | 175,858 | $ | 5,867 | $ | 1,260 | $ | 1,111 | $ | 177,118 | $ | 6,978 | |||||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||||||||
Number | Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||
of | ||||||||||||||||||||||||||||
Securities | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||||||
(in thousands, except number of securities) | ||||||||||||||||||||||||||||
U.S. Government agencies and corporations | 2 | $ | 15,359 | $ | 56 | $ | — | $ | — | $ | 15,359 | $ | 56 | |||||||||||||||
State and political subdivisions | 27 | 7,221 | 125 | — | — | 7,221 | 125 | |||||||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | 2 | 10,919 | 28 | — | — | 10,919 | 28 | |||||||||||||||||||||
Corporate debt securities | 9 | 14,672 | 242 | 755 | 1,616 | 15,427 | 1,858 | |||||||||||||||||||||
Other equity securities | 1 | 754 | 65 | — | — | 754 | 65 | |||||||||||||||||||||
Total | 41 | $ | 48,925 | $ | 516 | $ | 755 | $ | 1,616 | $ | 49,680 | $ | 2,132 | |||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||||||
Number | Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||
of | ||||||||||||||||||||||||||||
Held to Maturity | Securities | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||||||
(in thousands, except number of securities) | ||||||||||||||||||||||||||||
State and political subdivisions | 30 | $ | 18,616 | $ | 1,278 | $ | — | $ | — | $ | 18,616 | $ | 1,278 | |||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | 1 | 8,883 | 752 | — | — | 8,883 | 752 | |||||||||||||||||||||
Corporate debt securities | 1 | 2,329 | 55 | — | — | 2,329 | 55 | |||||||||||||||||||||
Total | 32 | $ | 29,828 | $ | 2,085 | $ | — | $ | — | $ | 29,828 | $ | 2,085 | |||||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||||||||
Number | Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||
of | ||||||||||||||||||||||||||||
Securities | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||||||
(in thousands, except number of securities) | ||||||||||||||||||||||||||||
State and political subdivisions | 11 | $ | 3,672 | $ | 57 | $ | — | $ | — | $ | 3,672 | $ | 57 | |||||||||||||||
Corporate debt securities | 1 | 2,371 | 12 | — | — | 2,371 | 12 | |||||||||||||||||||||
Total | 12 | $ | 6,043 | $ | 69 | $ | — | $ | — | $ | 6,043 | $ | 69 | |||||||||||||||
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block] | ' | |||||||||||||||||||||||||||
The following table provides a roll forward of credit losses on fixed maturity securities recognized in net income: | ||||||||||||||||||||||||||||
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | |||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||
Beginning balance | $ | 7,379 | $ | 7,034 | $ | 7,379 | $ | 7,034 | ||||||||||||||||||||
Additional credit losses: | ||||||||||||||||||||||||||||
Securities with no previous other than temporary impairment | — | — | — | — | ||||||||||||||||||||||||
Securities with previous other than temporary impairments | — | 337 | — | 337 | ||||||||||||||||||||||||
Ending balance | $ | 7,379 | $ | 7,371 | $ | 7,379 | $ | 7,371 | ||||||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | |||||||||||||||||||||||||||
A summary of the contractual maturity distribution of debt investment securities at September 30, 2013 is as follows: | ||||||||||||||||||||||||||||
Available For Sale | Held to Maturity | |||||||||||||||||||||||||||
Amortized | Fair Value | Amortized | Fair Value | |||||||||||||||||||||||||
Cost | Cost | |||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||
Due in one year or less | $ | 15,706 | $ | 15,910 | $ | 185 | $ | 184 | ||||||||||||||||||||
Due after one year through five years | 105,380 | 108,449 | 2,574 | 2,517 | ||||||||||||||||||||||||
Due after five years through ten years | 104,048 | 105,438 | 7,587 | 7,370 | ||||||||||||||||||||||||
Due after ten years | 55,126 | 52,914 | 12,809 | 11,751 | ||||||||||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | 203,679 | 204,542 | 9,670 | 8,921 | ||||||||||||||||||||||||
Total | $ | 483,939 | $ | 487,253 | $ | 32,825 | $ | 30,743 | ||||||||||||||||||||
Schedule of Realized Gain (Loss) [Table Text Block] | ' | |||||||||||||||||||||||||||
Realized gains and losses on sales are determined on the basis of specific identification of investments based on the trade date. Realized gains on investments for the three and nine months ended September 30, 2013 and 2012 are as follows: | ||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||
Available for sale fixed maturity securities: | ||||||||||||||||||||||||||||
Gross realized gains | $ | — | $ | 8 | $ | 144 | $ | 360 | ||||||||||||||||||||
Gross realized losses | — | — | (60 | ) | — | |||||||||||||||||||||||
Other-than-temporary impairment | — | (337 | ) | — | (337 | ) | ||||||||||||||||||||||
— | (329 | ) | 84 | 23 | ||||||||||||||||||||||||
Equity securities: | ||||||||||||||||||||||||||||
Gross realized gains | — | — | — | 381 | ||||||||||||||||||||||||
Gross realized losses | — | — | — | — | ||||||||||||||||||||||||
Other-than-temporary impairment | — | — | — | — | ||||||||||||||||||||||||
— | — | — | 381 | |||||||||||||||||||||||||
$ | — | $ | (329 | ) | $ | 84 | $ | 404 | ||||||||||||||||||||
Loans_Receivable_and_the_Allow1
Loans Receivable and the Allowance for Loan Losses (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Loans Receivable and the Allowance for Loan Losses [Abstract] | ' | ||||||||||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The composition of loans and loan pool participations by portfolio segment are as follows: | |||||||||||||||||||||||||||||||||
Allowance for Loan Losses and Recorded Investment in Loan Receivables | |||||||||||||||||||||||||||||||||
As of September 30, 2013 and December 31, 2012 | |||||||||||||||||||||||||||||||||
(in thousands) | Agricultural | Commercial and Industrial | Commercial Real Estate | Residential Real Estate | Consumer | Unallocated | Total | ||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 140 | $ | 217 | $ | 653 | $ | 214 | $ | 18 | $ | — | $ | 1,242 | |||||||||||||||||||
Collectively evaluated for impairment | 918 | 4,462 | 5,334 | 3,178 | 321 | 1,050 | 15,263 | ||||||||||||||||||||||||||
Total | $ | 1,058 | $ | 4,679 | $ | 5,987 | $ | 3,392 | $ | 339 | $ | 1,050 | $ | 16,505 | |||||||||||||||||||
Loans acquired with deteriorated credit quality (loan pool participations) | $ | 3 | $ | 66 | $ | 700 | $ | 124 | $ | 5 | $ | 1,236 | $ | 2,134 | |||||||||||||||||||
Loans receivable | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,164 | $ | 2,078 | $ | 5,008 | $ | 1,569 | $ | 72 | $ | — | $ | 11,891 | |||||||||||||||||||
Collectively evaluated for impairment | 87,858 | 261,206 | 428,628 | 268,355 | 18,899 | — | 1,064,946 | ||||||||||||||||||||||||||
Total | $ | 91,022 | $ | 263,284 | $ | 433,636 | $ | 269,924 | $ | 18,971 | $ | — | $ | 1,076,837 | |||||||||||||||||||
Loans acquired with deteriorated credit quality (loan pool participations) | $ | 53 | $ | 1,563 | $ | 19,912 | $ | 4,013 | $ | 60 | $ | 4,604 | $ | 30,205 | |||||||||||||||||||
(in thousands) | Agricultural | Commercial and Industrial | Commercial Real Estate | Residential Real Estate | Consumer | Unallocated | Total | ||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 159 | $ | 295 | $ | 293 | $ | 136 | $ | 6 | $ | — | $ | 889 | |||||||||||||||||||
Collectively evaluated for impairment | 867 | 4,304 | 5,474 | 2,871 | 350 | 1,202 | 15,068 | ||||||||||||||||||||||||||
Total | $ | 1,026 | $ | 4,599 | $ | 5,767 | $ | 3,007 | $ | 356 | $ | 1,202 | $ | 15,957 | |||||||||||||||||||
Loans acquired with deteriorated credit quality (loan pool participations) | $ | 4 | $ | 77 | $ | 673 | $ | 240 | $ | 15 | $ | 1,125 | $ | 2,134 | |||||||||||||||||||
Loans receivable | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,323 | $ | 1,806 | $ | 5,342 | $ | 886 | $ | 37 | $ | — | $ | 11,394 | |||||||||||||||||||
Collectively evaluated for impairment | 81,403 | 236,810 | 434,642 | 251,990 | 19,045 | — | 1,023,890 | ||||||||||||||||||||||||||
Total | $ | 84,726 | $ | 238,616 | $ | 439,984 | $ | 252,876 | $ | 19,082 | $ | — | $ | 1,035,284 | |||||||||||||||||||
Loans acquired with deteriorated credit quality (loan pool participations) | $ | 76 | $ | 2,379 | $ | 24,346 | $ | 4,788 | $ | 67 | $ | 6,128 | $ | 37,784 | |||||||||||||||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The changes in the allowance for loan losses by portfolio segment are as follows: | |||||||||||||||||||||||||||||||||
Allowance for Loan Loss Activity | |||||||||||||||||||||||||||||||||
For the Three Months Ended September 30, 2013 and 2012 | |||||||||||||||||||||||||||||||||
(in thousands) | Agricultural | Commercial and Industrial | Commercial Real Estate | Residential Real Estate | Consumer | Unallocated | Total | ||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 995 | $ | 4,774 | $ | 5,664 | $ | 3,334 | $ | 279 | $ | 1,532 | $ | 16,578 | |||||||||||||||||||
Charge-offs | — | (99 | ) | (115 | ) | (87 | ) | (47 | ) | — | (348 | ) | |||||||||||||||||||||
Recoveries | — | 20 | — | 2 | 3 | — | 25 | ||||||||||||||||||||||||||
Provision | 63 | (16 | ) | 438 | 143 | 104 | (482 | ) | 250 | ||||||||||||||||||||||||
Ending balance | $ | 1,058 | $ | 4,679 | $ | 5,987 | $ | 3,392 | $ | 339 | $ | 1,050 | $ | 16,505 | |||||||||||||||||||
2012 | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 954 | $ | 4,946 | $ | 4,602 | $ | 2,894 | $ | 365 | $ | 1,976 | $ | 15,737 | |||||||||||||||||||
Charge-offs | — | (607 | ) | (23 | ) | (168 | ) | (9 | ) | — | (807 | ) | |||||||||||||||||||||
Recoveries | — | 310 | 11 | — | 1 | — | 322 | ||||||||||||||||||||||||||
Provision | 59 | 118 | 1,264 | 154 | (101 | ) | (919 | ) | 575 | ||||||||||||||||||||||||
Ending balance | $ | 1,013 | $ | 4,767 | $ | 5,854 | $ | 2,880 | $ | 256 | $ | 1,057 | $ | 15,827 | |||||||||||||||||||
Allowance for Loan Loss Activity | |||||||||||||||||||||||||||||||||
For the Nine Months Ended September 30, 2013 and 2012 | |||||||||||||||||||||||||||||||||
(in thousands) | Agricultural | Commercial and Industrial | Commercial Real Estate | Residential Real Estate | Consumer | Unallocated | Total | ||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 1,026 | $ | 4,599 | $ | 5,767 | $ | 3,007 | $ | 356 | $ | 1,202 | $ | 15,957 | |||||||||||||||||||
Charge-offs | (39 | ) | (475 | ) | (203 | ) | (267 | ) | (118 | ) | — | (1,102 | ) | ||||||||||||||||||||
Recoveries | 36 | 59 | 462 | 25 | 18 | — | 600 | ||||||||||||||||||||||||||
Provision | 35 | 496 | (39 | ) | 627 | 83 | (152 | ) | 1,050 | ||||||||||||||||||||||||
Ending balance | $ | 1,058 | $ | 4,679 | $ | 5,987 | $ | 3,392 | $ | 339 | $ | 1,050 | $ | 16,505 | |||||||||||||||||||
2012 | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 1,209 | $ | 5,380 | $ | 5,171 | $ | 3,501 | $ | 167 | $ | 248 | $ | 15,676 | |||||||||||||||||||
Charge-offs | — | (1,891 | ) | (129 | ) | (481 | ) | (43 | ) | — | (2,544 | ) | |||||||||||||||||||||
Recoveries | 507 | 407 | 24 | 12 | 16 | — | 966 | ||||||||||||||||||||||||||
Provision | (703 | ) | 871 | 788 | (152 | ) | 116 | 809 | 1,729 | ||||||||||||||||||||||||
Ending balance | $ | 1,013 | $ | 4,767 | $ | 5,854 | $ | 2,880 | $ | 256 | $ | 1,057 | $ | 15,827 | |||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following tables set forth information on the Company's TDRs(1) by class of financing receivable occurring during the stated periods: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, | |||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Number of Contracts | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Number of Contracts | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | ||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Troubled Debt Restructurings: | |||||||||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | |||||||||||||||||||||||||||||||||
Amortization or maturity date change | 1 | 66 | 69 | 0 | — | — | |||||||||||||||||||||||||||
Total | 1 | $ | 66 | $ | 69 | 0 | $ | — | $ | — | |||||||||||||||||||||||
Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Number of Contracts | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Number of Contracts | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | ||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Troubled Debt Restructurings: | |||||||||||||||||||||||||||||||||
Commercial and industrial | |||||||||||||||||||||||||||||||||
Amortization or maturity date change | 1 | 158 | 158 | 0 | — | — | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Farmland | |||||||||||||||||||||||||||||||||
Interest rate reduction | 0 | — | — | 2 | 2,475 | 2,475 | |||||||||||||||||||||||||||
Commercial real estate-other | |||||||||||||||||||||||||||||||||
Amortization or maturity date change | 2 | 165 | 136 | 0 | — | — | |||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | |||||||||||||||||||||||||||||||||
Interest rate reduction | 2 | 164 | 169 | 0 | — | — | |||||||||||||||||||||||||||
Amortization or maturity date change | 1 | 66 | 69 | 0 | — | — | |||||||||||||||||||||||||||
One- to four- family junior liens | |||||||||||||||||||||||||||||||||
Interest rate reduction | 1 | 8 | 13 | 0 | — | — | |||||||||||||||||||||||||||
Total | 7 | $ | 561 | $ | 545 | 2 | $ | 2,475 | $ | 2,475 | |||||||||||||||||||||||
(1) - TDRs may include multiple concessions and the disclosure classifications are based on the primary concession provided to the borrower. | |||||||||||||||||||||||||||||||||
Loans by class of financing receivable modified as TDRs(1) within the previous 12 months and for which there was a payment default during the stated periods were: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||||||
Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | ||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted: | |||||||||||||||||||||||||||||||||
Total | 0 | $ | — | 0 | $ | — | 0 | $ | — | 0 | $ | — | |||||||||||||||||||||
(1) - TDRs may include multiple concessions and the disclosure classifications are based on the primary concession provided to the borrower. | |||||||||||||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following table sets forth the composition of each class of the Company's loans by internally assigned credit quality indicators at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
Pass | Special Mention/ Watch | Substandard | Doubtful | Loss | Total | ||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||
Agricultural | $ | 87,008 | $ | 429 | $ | 3,585 | $ | — | $ | — | $ | 91,022 | |||||||||||||||||||||
Commercial and industrial | 239,934 | 9,578 | 12,461 | — | — | 261,973 | |||||||||||||||||||||||||||
Credit cards | 1,107 | 54 | 1 | — | — | 1,162 | |||||||||||||||||||||||||||
Overdrafts | 450 | 134 | 71 | — | — | 655 | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 55,137 | 10,507 | 2,195 | — | — | 67,839 | |||||||||||||||||||||||||||
Farmland | 79,986 | 3,547 | 2,346 | — | — | 85,879 | |||||||||||||||||||||||||||
Multifamily | 53,492 | 196 | — | — | — | 53,688 | |||||||||||||||||||||||||||
Commercial real estate-other | 211,061 | 12,865 | 2,304 | — | — | 226,230 | |||||||||||||||||||||||||||
Total commercial real estate | 399,676 | 27,115 | 6,845 | — | — | 433,636 | |||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 210,589 | 4,564 | 2,161 | — | — | 217,314 | |||||||||||||||||||||||||||
One- to four- family junior liens | 52,288 | 111 | 211 | — | — | 52,610 | |||||||||||||||||||||||||||
Total residential real estate | 262,877 | 4,675 | 2,372 | — | — | 269,924 | |||||||||||||||||||||||||||
Consumer | 18,308 | 72 | 85 | — | — | 18,465 | |||||||||||||||||||||||||||
Total | $ | 1,009,360 | $ | 42,057 | $ | 25,420 | $ | — | $ | — | $ | 1,076,837 | |||||||||||||||||||||
Loans acquired with deteriorated credit quality (loan pool participations) | $ | 15,382 | $ | — | $ | 14,819 | $ | — | $ | 4 | $ | 30,205 | |||||||||||||||||||||
Pass | Special Mention/ Watch | Substandard | Doubtful | Loss | Total | ||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||
Agricultural | $ | 80,657 | $ | 579 | $ | 3,490 | $ | — | $ | — | $ | 84,726 | |||||||||||||||||||||
Commercial and industrial | 211,344 | 12,473 | 13,376 | — | — | 237,193 | |||||||||||||||||||||||||||
Credit cards | 967 | 4 | 30 | — | — | 1,001 | |||||||||||||||||||||||||||
Overdrafts | 452 | 181 | 126 | — | — | 759 | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 72,916 | 9,493 | 4,385 | — | — | 86,794 | |||||||||||||||||||||||||||
Farmland | 76,023 | 2,684 | 2,356 | — | — | 81,063 | |||||||||||||||||||||||||||
Multifamily | 46,272 | 1,486 | — | — | — | 47,758 | |||||||||||||||||||||||||||
Commercial real estate-other | 209,143 | 13,745 | 1,481 | — | — | 224,369 | |||||||||||||||||||||||||||
Total commercial real estate | 404,354 | 27,408 | 8,222 | — | — | 439,984 | |||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 191,712 | 4,478 | 1,552 | — | — | 197,742 | |||||||||||||||||||||||||||
One- to four- family junior liens | 54,606 | 229 | 299 | — | — | 55,134 | |||||||||||||||||||||||||||
Total residential real estate | 246,318 | 4,707 | 1,851 | — | — | 252,876 | |||||||||||||||||||||||||||
Consumer | 18,604 | 70 | 71 | — | — | 18,745 | |||||||||||||||||||||||||||
Total | $ | 962,696 | $ | 45,422 | $ | 27,166 | $ | — | $ | — | $ | 1,035,284 | |||||||||||||||||||||
Loans acquired with deteriorated credit quality (loan pool participations) | $ | 21,251 | $ | — | $ | 16,518 | $ | — | $ | 15 | $ | 37,784 | |||||||||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following table sets forth the amounts and categories of the Company's impaired loans as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Recorded Investment | Unpaid Principal Balance | Related Allowance | ||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Agricultural | $ | 1,482 | $ | 1,982 | $ | — | $ | 1,600 | $ | 2,100 | $ | — | |||||||||||||||||||||
Commercial and industrial | 956 | 1,057 | — | 775 | 1,524 | — | |||||||||||||||||||||||||||
Credit cards | — | — | — | — | — | — | |||||||||||||||||||||||||||
Overdrafts | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 49 | 176 | — | 149 | 299 | — | |||||||||||||||||||||||||||
Farmland | 97 | 110 | — | 75 | 88 | — | |||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate-other | 1,125 | 1,354 | — | 1,722 | 1,887 | — | |||||||||||||||||||||||||||
Total commercial real estate | 1,271 | 1,640 | — | 1,946 | 2,274 | — | |||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 416 | 551 | — | 136 | 203 | — | |||||||||||||||||||||||||||
One- to four- family junior liens | 121 | 121 | — | 41 | 41 | — | |||||||||||||||||||||||||||
Total residential real estate | 537 | 672 | — | 177 | 244 | — | |||||||||||||||||||||||||||
Consumer | 1 | 1 | — | 14 | 30 | — | |||||||||||||||||||||||||||
Total | $ | 4,247 | $ | 5,352 | $ | — | $ | 4,512 | $ | 6,172 | $ | — | |||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Agricultural | $ | 1,682 | $ | 1,682 | $ | 140 | $ | 1,723 | $ | 1,723 | $ | 159 | |||||||||||||||||||||
Commercial and industrial | 1,122 | 1,177 | 217 | 1,031 | 1,031 | 295 | |||||||||||||||||||||||||||
Credit cards | — | — | — | — | — | — | |||||||||||||||||||||||||||
Overdrafts | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 447 | 447 | 342 | 525 | 525 | 105 | |||||||||||||||||||||||||||
Farmland | 2,316 | 2,466 | 160 | 2,316 | 2,466 | 47 | |||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate-other | 974 | 1,074 | 151 | 555 | 555 | 141 | |||||||||||||||||||||||||||
Total commercial real estate | 3,737 | 3,987 | 653 | 3,396 | 3,546 | 293 | |||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 955 | 963 | 174 | 642 | 642 | 89 | |||||||||||||||||||||||||||
One- to four- family junior liens | 77 | 77 | 40 | 67 | 67 | 47 | |||||||||||||||||||||||||||
Total residential real estate | 1,032 | 1,040 | 214 | 709 | 709 | 136 | |||||||||||||||||||||||||||
Consumer | 71 | 87 | 18 | 23 | 23 | 6 | |||||||||||||||||||||||||||
Total | $ | 7,644 | $ | 7,973 | $ | 1,242 | $ | 6,882 | $ | 7,032 | $ | 889 | |||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Agricultural | $ | 3,164 | $ | 3,664 | $ | 140 | $ | 3,323 | $ | 3,823 | $ | 159 | |||||||||||||||||||||
Commercial and industrial | 2,078 | 2,234 | 217 | 1,806 | 2,555 | 295 | |||||||||||||||||||||||||||
Credit cards | — | — | — | — | — | — | |||||||||||||||||||||||||||
Overdrafts | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 496 | 623 | 342 | 674 | 824 | 105 | |||||||||||||||||||||||||||
Farmland | 2,413 | 2,576 | 160 | 2,391 | 2,554 | 47 | |||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate-other | 2,099 | 2,428 | 151 | 2,277 | 2,442 | 141 | |||||||||||||||||||||||||||
Total commercial real estate | 5,008 | 5,627 | 653 | 5,342 | 5,820 | 293 | |||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 1,371 | 1,514 | 174 | 778 | 845 | 89 | |||||||||||||||||||||||||||
One- to four- family junior liens | 198 | 198 | 40 | 108 | 108 | 47 | |||||||||||||||||||||||||||
Total residential real estate | 1,569 | 1,712 | 214 | 886 | 953 | 136 | |||||||||||||||||||||||||||
Consumer | 72 | 88 | 18 | 37 | 53 | 6 | |||||||||||||||||||||||||||
Total | $ | 11,891 | $ | 13,325 | $ | 1,242 | $ | 11,394 | $ | 13,204 | $ | 889 | |||||||||||||||||||||
The following table sets forth the average recorded investment and interest income recognized for each category of the Company's impaired loans during the stated periods: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||||||
Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Agricultural | $ | 1,482 | $ | 13 | $ | 1,600 | $ | 16 | $ | 1,555 | $ | 45 | $ | 1,600 | $ | 44 | |||||||||||||||||
Commercial and industrial | 966 | 3 | 736 | 6 | 1,079 | 27 | 852 | 46 | |||||||||||||||||||||||||
Credit cards | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Overdrafts | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 49 | — | 288 | — | 49 | — | 358 | — | |||||||||||||||||||||||||
Farmland | 99 | 2 | 79 | 2 | 103 | 6 | 85 | 6 | |||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Commercial real estate-other | 1,104 | (5 | ) | 1,755 | 13 | 1,094 | 19 | 1,782 | 59 | ||||||||||||||||||||||||
Total commercial real estate | 1,252 | (3 | ) | 2,122 | 15 | 1,246 | 25 | 2,225 | 65 | ||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 451 | 1 | 285 | 1 | 475 | 7 | 289 | 2 | |||||||||||||||||||||||||
One- to four- family junior liens | 122 | (1 | ) | 55 | 1 | 123 | 3 | 57 | 2 | ||||||||||||||||||||||||
Total residential real estate | 573 | — | 340 | 2 | 598 | 10 | 346 | 4 | |||||||||||||||||||||||||
Consumer | 1 | — | 15 | — | 1 | — | 16 | — | |||||||||||||||||||||||||
Total | $ | 4,274 | $ | 13 | $ | 4,813 | $ | 39 | $ | 4,479 | $ | 107 | $ | 5,039 | $ | 159 | |||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Agricultural | $ | 1,682 | $ | 13 | 1,723 | 13 | $ | 1,695 | $ | 37 | 2,433 | 36 | |||||||||||||||||||||
Commercial and industrial | 1,132 | 10 | 1,685 | 24 | 1,152 | 35 | 1,376 | 30 | |||||||||||||||||||||||||
Credit cards | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Overdrafts | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 447 | 6 | 525 | 7 | 447 | 20 | 335 | 22 | |||||||||||||||||||||||||
Farmland | 2,466 | 28 | 2,517 | 28 | 2,466 | 82 | 280 | 85 | |||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Commercial real estate-other | 972 | 7 | 1,326 | 15 | 974 | 21 | 2,989 | 46 | |||||||||||||||||||||||||
Total commercial real estate | 3,885 | 41 | 4,368 | 50 | 3,887 | 123 | 3,604 | 153 | |||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 957 | 9 | 626 | 8 | 960 | 27 | 973 | 25 | |||||||||||||||||||||||||
One- to four- family junior liens | 78 | — | 68 | 1 | 79 | — | 19 | 2 | |||||||||||||||||||||||||
Total residential real estate | 1,035 | 9 | 694 | 9 | 1,039 | 27 | 992 | 27 | |||||||||||||||||||||||||
Consumer | 72 | 1 | 24 | 1 | 74 | 2 | 120 | 2 | |||||||||||||||||||||||||
Total | $ | 7,806 | $ | 74 | $ | 8,494 | $ | 97 | $ | 7,847 | $ | 224 | $ | 8,525 | $ | 248 | |||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Agricultural | $ | 3,164 | $ | 26 | 3,323 | 29 | $ | 3,250 | $ | 82 | 4,033 | 80 | |||||||||||||||||||||
Commercial and industrial | 2,098 | 13 | 2,421 | 30 | 2,231 | 62 | 2,228 | 76 | |||||||||||||||||||||||||
Credit cards | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Overdrafts | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 496 | 6 | 813 | 7 | 496 | 20 | 693 | 22 | |||||||||||||||||||||||||
Farmland | 2,565 | 30 | 2,596 | 30 | 2,569 | 88 | 365 | 91 | |||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Commercial real estate-other | 2,076 | 2 | 3,081 | 28 | 2,068 | 40 | 4,771 | 105 | |||||||||||||||||||||||||
Total commercial real estate | 5,137 | 38 | 6,490 | 65 | 5,133 | 148 | 5,829 | 218 | |||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 1,408 | 10 | 911 | 9 | 1,435 | 34 | 1,262 | 27 | |||||||||||||||||||||||||
One- to four- family junior liens | 200 | (1 | ) | 123 | 2 | 202 | 3 | 76 | 4 | ||||||||||||||||||||||||
Total residential real estate | 1,608 | 9 | 1,034 | 11 | 1,637 | 37 | 1,338 | 31 | |||||||||||||||||||||||||
Consumer | 73 | 1 | 39 | 1 | 75 | 2 | 136 | 2 | |||||||||||||||||||||||||
Total | $ | 12,080 | $ | 87 | $ | 13,307 | $ | 136 | $ | 12,326 | $ | 331 | $ | 13,564 | $ | 407 | |||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following table sets forth the composition and past due and nonaccrual status of the Company's loans at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
30 - 59 Days Past Due | 60 - 89 Days Past Due | 90 Days or More Past Due | Total Past Due | Current | Total Loans Receivable | Recorded Investment > 90 Days Past Due and Accruing | |||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||
Agricultural | $ | 17 | $ | 59 | $ | 11 | $ | 87 | $ | 90,935 | $ | 91,022 | $ | — | |||||||||||||||||||
Commercial and industrial | 510 | 999 | 596 | 2,105 | 259,868 | 261,973 | 243 | ||||||||||||||||||||||||||
Credit cards | 22 | 32 | 1 | 55 | 1,107 | 1,162 | 1 | ||||||||||||||||||||||||||
Overdrafts | 63 | 5 | 5 | 73 | 582 | 655 | — | ||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | — | 67 | 49 | 116 | 67,723 | 67,839 | — | ||||||||||||||||||||||||||
Farmland | — | — | — | — | 85,879 | 85,879 | — | ||||||||||||||||||||||||||
Multifamily | — | — | — | — | 53,688 | 53,688 | — | ||||||||||||||||||||||||||
Commercial real estate-other | 832 | 90 | 1,639 | 2,561 | 223,669 | 226,230 | 216 | ||||||||||||||||||||||||||
Total commercial real estate | 832 | 157 | 1,688 | 2,677 | 430,959 | 433,636 | 216 | ||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 1,544 | 1,658 | 669 | 3,871 | 213,443 | 217,314 | 390 | ||||||||||||||||||||||||||
One- to four- family junior liens | 325 | 73 | 198 | 596 | 52,014 | 52,610 | 50 | ||||||||||||||||||||||||||
Total residential real estate | 1,869 | 1,731 | 867 | 4,467 | 265,457 | 269,924 | 440 | ||||||||||||||||||||||||||
Consumer | 38 | 72 | 58 | 168 | 18,297 | 18,465 | 8 | ||||||||||||||||||||||||||
Total | $ | 3,351 | $ | 3,055 | $ | 3,226 | $ | 9,632 | $ | 1,067,205 | $ | 1,076,837 | $ | 908 | |||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||
Agricultural | $ | 96 | $ | — | $ | — | $ | 96 | $ | 84,630 | $ | 84,726 | $ | — | |||||||||||||||||||
Commercial and industrial | 289 | 70 | 85 | 444 | 236,749 | 237,193 | 85 | ||||||||||||||||||||||||||
Credit cards | 4 | — | 30 | 34 | 967 | 1,001 | 30 | ||||||||||||||||||||||||||
Overdrafts | 82 | 6 | 39 | 127 | 632 | 759 | — | ||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 448 | — | — | 448 | 86,346 | 86,794 | — | ||||||||||||||||||||||||||
Farmland | — | — | — | — | 81,063 | 81,063 | — | ||||||||||||||||||||||||||
Multifamily | — | — | — | — | 47,758 | 47,758 | — | ||||||||||||||||||||||||||
Commercial real estate-other | 892 | 295 | 67 | 1,254 | 223,115 | 224,369 | 67 | ||||||||||||||||||||||||||
Total commercial real estate | 1,340 | 295 | 67 | 1,702 | 438,282 | 439,984 | 67 | ||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 2,210 | 1,185 | 311 | 3,706 | 194,036 | 197,742 | 311 | ||||||||||||||||||||||||||
One- to four- family junior liens | 233 | 189 | 75 | 497 | 54,637 | 55,134 | 75 | ||||||||||||||||||||||||||
Total residential real estate | 2,443 | 1,374 | 386 | 4,203 | 248,673 | 252,876 | 386 | ||||||||||||||||||||||||||
Consumer | 70 | 72 | 4 | 146 | 18,599 | 18,745 | 4 | ||||||||||||||||||||||||||
Total | $ | 4,324 | $ | 1,817 | $ | 611 | $ | 6,752 | $ | 1,028,532 | $ | 1,035,284 | $ | 572 | |||||||||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following table sets forth the composition of the Company's recorded investment in loans on nonaccrual status as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Agricultural | $ | 70 | $ | 64 | |||||||||||||||||||||||||||||
Commercial and industrial | 756 | 757 | |||||||||||||||||||||||||||||||
Credit cards | — | — | |||||||||||||||||||||||||||||||
Overdrafts | — | — | |||||||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||
Construction and development | 49 | 149 | |||||||||||||||||||||||||||||||
Farmland | 30 | 33 | |||||||||||||||||||||||||||||||
Multifamily | — | — | |||||||||||||||||||||||||||||||
Commercial real estate-other | 1,552 | 1,128 | |||||||||||||||||||||||||||||||
Total commercial real estate | 1,631 | 1,310 | |||||||||||||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||||||||||
One- to four- family first liens | 386 | 550 | |||||||||||||||||||||||||||||||
One- to four- family junior liens | 148 | 223 | |||||||||||||||||||||||||||||||
Total residential real estate | 534 | 773 | |||||||||||||||||||||||||||||||
Consumer | 50 | 34 | |||||||||||||||||||||||||||||||
Total | $ | 3,041 | $ | 2,938 | |||||||||||||||||||||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||||||
The following table summarizes assets measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012. There were no liabilities subject to fair value measurement as of these dates. The assets are segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: | |||||||||||||||||||||
Fair Value Measurement at September 30, 2013 Using | |||||||||||||||||||||
(in thousands) | Total | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable | Unobservable | |||||||||||||||||||
Identical Assets | Inputs | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||
Available for sale debt securities: | |||||||||||||||||||||
U.S. Government agencies and corporations | $ | 51,011 | $ | — | $ | 51,011 | $ | — | |||||||||||||
State and political subdivisions | 203,790 | — | 203,790 | — | |||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | 204,542 | — | 204,542 | — | |||||||||||||||||
Corporate debt securities | 26,649 | — | 26,649 | — | |||||||||||||||||
Collateralized debt obligations | 1,261 | — | — | 1,261 | |||||||||||||||||
Total available for sale debt securities | 487,253 | — | 485,992 | 1,261 | |||||||||||||||||
Available for sale equity securities: | |||||||||||||||||||||
Other equity securities | 2,895 | 2,895 | — | — | |||||||||||||||||
Total available for sale equity securities | 2,895 | 2,895 | — | — | |||||||||||||||||
Total securities available for sale | $ | 490,148 | $ | 2,895 | $ | 485,992 | $ | 1,261 | |||||||||||||
Mortgage servicing rights | $ | 2,324 | $ | — | $ | — | $ | 2,324 | |||||||||||||
Fair Value Measurement at December 31, 2012 Using | |||||||||||||||||||||
(in thousands) | Total | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable | Unobservable | |||||||||||||||||||
Identical Assets | Inputs | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||
Available for sale debt securities: | |||||||||||||||||||||
U.S. Government agencies and corporations | $ | 69,783 | $ | — | $ | 69,783 | $ | — | |||||||||||||
State and political subdivisions | 218,019 | — | 218,019 | — | |||||||||||||||||
Mortgage-backed securities and collateralized mortgage obligations | 243,118 | — | 243,118 | — | |||||||||||||||||
Corporate debt securities | 24,185 | — | 24,185 | — | |||||||||||||||||
Collateralized debt obligations | 755 | — | — | 755 | |||||||||||||||||
Total available for sale debt securities | 555,860 | — | 555,105 | 755 | |||||||||||||||||
Available for sale equity securities: | |||||||||||||||||||||
Other equity securities | 1,681 | 1,681 | — | — | |||||||||||||||||
Total available for sale equity securities | 1,681 | 1,681 | — | — | |||||||||||||||||
Total securities available for sale | $ | 557,541 | $ | 1,681 | $ | 555,105 | $ | 755 | |||||||||||||
Mortgage servicing rights | $ | 1,484 | $ | — | $ | — | $ | 1,484 | |||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | ' | ||||||||||||||||||||
The following table presents additional information about assets measured at fair market value on a recurring basis for which the Company has utilized Level 3 inputs to determine fair value for the nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Collateralized | Mortgage | Collateralized | Mortgage | ||||||||||||||||||
Debt | Servicing | Debt | Servicing | ||||||||||||||||||
Obligations | Rights | Obligations | Rights | ||||||||||||||||||
(in thousands) | |||||||||||||||||||||
Beginning balance | $ | 755 | $ | 1,484 | $ | 806 | $ | 1,265 | |||||||||||||
Transfers into Level 3 | — | — | — | — | |||||||||||||||||
Transfers out of Level 3 | — | — | — | — | |||||||||||||||||
Total gains (losses): | |||||||||||||||||||||
Included in earnings | — | 378 | — | (373 | ) | ||||||||||||||||
Included in other comprehensive income | 506 | — | (1 | ) | — | ||||||||||||||||
Purchases, issuances, sales, and settlements: | |||||||||||||||||||||
Purchases | — | — | — | — | |||||||||||||||||
Issuances | — | 462 | — | 543 | |||||||||||||||||
Sales | — | — | — | — | |||||||||||||||||
Settlements | — | — | — | — | |||||||||||||||||
Ending balance | $ | 1,261 | $ | 2,324 | $ | 805 | $ | 1,435 | |||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block] | ' | ||||||||||||||||||||
The following table presents the amount of gains and losses included in earnings and other comprehensive income for the nine months ended September 30, 2013 and 2012 that are attributable to the change in unrealized gains and losses relating to those assets still held, and the line item in the consolidated financial statements in which they are included: | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Collateralized | Mortgage | Collateralized | Mortgage | ||||||||||||||||||
Debt | Servicing | Debt | Servicing | ||||||||||||||||||
Obligations | Rights | Obligations | Rights | ||||||||||||||||||
(in thousands) | |||||||||||||||||||||
Total gains for the period in earnings* | $ | — | $ | 840 | $ | — | $ | 170 | |||||||||||||
Change in unrealized gains (losses) for the period included in other comprehensive income | 506 | — | (1 | ) | — | ||||||||||||||||
* included in mortgage origination and loan servicing fees in the consolidated statements of operations. | |||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block] | ' | ||||||||||||||||||||
The following table discloses the Company's estimated fair value amounts of its assets recorded at fair value on a nonrecurring basis. It is management's belief that the fair values presented below are reasonable based on the valuation techniques and data available to the Company as of September 30, 2013 and December 31, 2012, as more fully described previously. | |||||||||||||||||||||
Fair Value Measurement at September 30, 2013 Using | |||||||||||||||||||||
(in thousands) | Total | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable | Unobservable | |||||||||||||||||||
Identical Assets | Inputs | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||
Collateral dependent impaired loans: | |||||||||||||||||||||
Agricultural | $ | 65 | $ | — | $ | — | $ | 65 | |||||||||||||
Commercial and industrial | 1,528 | — | — | 1,528 | |||||||||||||||||
Commercial real estate: | |||||||||||||||||||||
Construction and development | 154 | — | — | 154 | |||||||||||||||||
Farmland | 97 | — | — | 97 | |||||||||||||||||
Multifamily | — | — | — | — | |||||||||||||||||
Commercial real estate-other | 1,949 | — | — | 1,949 | |||||||||||||||||
Total commercial real estate | 2,200 | — | — | 2,200 | |||||||||||||||||
Residential real estate: | |||||||||||||||||||||
One- to four- family first liens | 512 | — | — | 512 | |||||||||||||||||
One- to four- family junior liens | 112 | — | — | 112 | |||||||||||||||||
Total residential real estate | 624 | — | — | 624 | |||||||||||||||||
Consumer | 53 | — | — | 53 | |||||||||||||||||
Collateral dependent impaired loans | $ | 4,470 | $ | — | $ | — | $ | 4,470 | |||||||||||||
Other real estate owned | $ | 1,917 | $ | — | $ | — | $ | 1,917 | |||||||||||||
Fair Value Measurement at December 31, 2012 Using | |||||||||||||||||||||
(in thousands) | Total | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable | Unobservable | |||||||||||||||||||
Identical Assets | Inputs | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||
Collateral dependent impaired loans: | |||||||||||||||||||||
Agricultural | $ | — | $ | — | $ | — | $ | — | |||||||||||||
Commercial and industrial | 1,106 | — | — | 1,106 | |||||||||||||||||
Commercial real estate: | |||||||||||||||||||||
Construction and development | 496 | — | — | 496 | |||||||||||||||||
Farmland | — | — | — | — | |||||||||||||||||
Multifamily | — | — | — | — | |||||||||||||||||
Commercial real estate-other | 501 | — | — | 501 | |||||||||||||||||
Total commercial real estate | 997 | — | — | 997 | |||||||||||||||||
Residential real estate: | |||||||||||||||||||||
One- to four- family first liens | 114 | — | — | 114 | |||||||||||||||||
One- to four- family junior liens | 19 | — | — | 19 | |||||||||||||||||
Total residential real estate | 133 | — | — | 133 | |||||||||||||||||
Consumer | 32 | — | — | 32 | |||||||||||||||||
Collateral dependent impaired loans | $ | 2,268 | $ | — | $ | — | $ | 2,268 | |||||||||||||
Other real estate owned | $ | 3,278 | $ | — | $ | — | $ | 3,278 | |||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||||||
The following presents the carrying amount and estimated fair value of the financial instruments held by the Company at September 30, 2013 and December 31, 2012. The information presented is subject to change over time based on a variety of factors. The operations of the Company are managed on a going concern basis and not a liquidation basis. As a result, the ultimate value realized from the financial instruments presented could be substantially different when actually recognized over time through the normal course of operations. Additionally, a substantial portion of the Company's inherent value is the Bank's capitalization and franchise value. Neither of these components has been given consideration in the presentation of fair values below. | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Carrying | Estimated | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs | |||||||||||||||||
Amount | Fair Value | (Level 3) | |||||||||||||||||||
(in thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 26,066 | $ | 26,066 | $ | 26,066 | $ | — | $ | — | |||||||||||
Investment securities: | |||||||||||||||||||||
Available for sale | 490,148 | 490,148 | 2,895 | 485,992 | 1,261 | ||||||||||||||||
Held to maturity | 32,825 | 30,743 | — | 30,743 | — | ||||||||||||||||
Total investment securities | 522,973 | 520,891 | 2,895 | 516,735 | 1,261 | ||||||||||||||||
Loans held for sale | 206 | 213 | — | — | 213 | ||||||||||||||||
Loans, net: | |||||||||||||||||||||
Agricultural | 89,875 | 89,859 | — | — | 89,859 | ||||||||||||||||
Commercial and industrial | 257,068 | 256,685 | — | — | 256,685 | ||||||||||||||||
Credit cards | 1,132 | 1,132 | — | — | 1,132 | ||||||||||||||||
Overdrafts | 485 | 485 | — | — | 485 | ||||||||||||||||
Commercial real estate: | |||||||||||||||||||||
Construction and development | 66,206 | 66,405 | — | — | 66,405 | ||||||||||||||||
Farmland | 84,757 | 85,676 | — | — | 85,676 | ||||||||||||||||
Multifamily | 53,214 | 53,350 | — | — | 53,350 | ||||||||||||||||
Commercial real estate-other | 223,049 | 224,542 | — | — | 224,542 | ||||||||||||||||
Total commercial real estate | 427,226 | 429,973 | — | — | 429,973 | ||||||||||||||||
Residential real estate: | |||||||||||||||||||||
One- to four- family first liens | 214,217 | 214,781 | — | — | 214,781 | ||||||||||||||||
One- to four- family junior liens | 52,052 | 52,896 | — | — | 52,896 | ||||||||||||||||
Total residential real estate | 266,269 | 267,677 | — | — | 267,677 | ||||||||||||||||
Consumer | 18,277 | 18,300 | — | — | 18,300 | ||||||||||||||||
Total loans, net | 1,060,332 | 1,064,111 | — | — | 1,064,111 | ||||||||||||||||
Loan pool participations, net | 28,071 | 28,071 | — | — | 28,071 | ||||||||||||||||
Accrued interest receivable | 10,554 | 10,554 | 10,554 | — | — | ||||||||||||||||
Federal Home Loan Bank stock | 10,768 | 10,768 | — | 10,768 | — | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits: | |||||||||||||||||||||
Non-interest bearing demand | 201,886 | 201,886 | 201,886 | — | — | ||||||||||||||||
Interest-bearing checking | 576,318 | 576,318 | 576,318 | — | — | ||||||||||||||||
Savings | 94,043 | 94,043 | 94,043 | — | — | ||||||||||||||||
Certificates of deposit under $100,000 | 270,275 | 270,982 | — | 270,982 | — | ||||||||||||||||
Certificates of deposit $100,000 and over | 179,129 | 179,722 | — | 179,722 | — | ||||||||||||||||
Total deposits | 1,321,651 | 1,322,951 | 872,247 | 450,704 | — | ||||||||||||||||
Federal funds purchased and securities sold under agreements to repurchase | 67,058 | 67,058 | 67,058 | — | — | ||||||||||||||||
Federal Home Loan Bank borrowings | 145,187 | 145,992 | — | — | 145,992 | ||||||||||||||||
Long-term debt | 15,464 | 9,846 | — | — | 9,846 | ||||||||||||||||
Accrued interest payable | 1,267 | 1,267 | 1,267 | — | — | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Carrying | Estimated | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs | |||||||||||||||||
Amount | Fair Value | (Level 3) | |||||||||||||||||||
(in thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 47,191 | $ | 47,191 | $ | 47,191 | $ | — | $ | — | |||||||||||
Investment securities: | |||||||||||||||||||||
Available for sale | 557,541 | 557,541 | 1,681 | 555,105 | 755 | ||||||||||||||||
Held to maturity | 32,669 | 32,920 | — | 32,920 | — | ||||||||||||||||
Total investment securities | 590,210 | 590,461 | 1,681 | 588,025 | 755 | ||||||||||||||||
Loans held for sale | 1,195 | 1,224 | — | — | 1,224 | ||||||||||||||||
Loans, net: | |||||||||||||||||||||
Agricultural | 83,602 | 83,180 | — | — | 83,180 | ||||||||||||||||
Commercial and industrial | 232,337 | 230,615 | — | — | 230,615 | ||||||||||||||||
Credit cards | 982 | 982 | — | — | 982 | ||||||||||||||||
Overdrafts | 562 | 562 | — | — | 562 | ||||||||||||||||
Commercial real estate: | |||||||||||||||||||||
Construction and development | 84,645 | 84,335 | — | — | 84,335 | ||||||||||||||||
Farmland | 80,425 | 79,931 | — | — | 79,931 | ||||||||||||||||
Multifamily | 47,407 | 47,450 | — | — | 47,450 | ||||||||||||||||
Commercial real estate-other | 221,229 | 222,421 | — | — | 222,421 | ||||||||||||||||
Total commercial real estate | 433,706 | 434,137 | — | — | 434,137 | ||||||||||||||||
Residential real estate: | |||||||||||||||||||||
One- to four- family first liens | 195,126 | 193,906 | — | — | 193,906 | ||||||||||||||||
One- to four- family junior liens | 54,449 | 54,808 | — | — | 54,808 | ||||||||||||||||
Total residential real estate | 249,575 | 248,714 | — | — | 248,714 | ||||||||||||||||
Consumer | 18,563 | 18,631 | — | — | 18,631 | ||||||||||||||||
Total loans, net | 1,019,327 | 1,016,821 | — | — | 1,016,821 | ||||||||||||||||
Loan pool participations, net | 35,650 | 35,650 | — | — | 35,650 | ||||||||||||||||
Accrued interest receivable | 10,292 | 10,292 | 10,292 | — | — | ||||||||||||||||
Federal Home Loan Bank stock | 11,087 | 11,087 | — | 11,087 | — | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits: | |||||||||||||||||||||
Non-interest bearing demand | 190,491 | 190,491 | 190,491 | — | — | ||||||||||||||||
Interest-bearing checking | 582,283 | 582,283 | 582,283 | — | — | ||||||||||||||||
Savings | 91,603 | 91,603 | 91,603 | — | — | ||||||||||||||||
Certificates of deposit under $100,000 | 312,489 | 314,978 | — | 314,978 | — | ||||||||||||||||
Certificates of deposit $100,000 and over | 222,867 | 224,311 | — | 224,311 | — | ||||||||||||||||
Total deposits | 1,399,733 | 1,403,666 | 864,377 | 539,289 | — | ||||||||||||||||
Federal funds purchased and securities sold under agreements to repurchase | 68,823 | 68,823 | 68,823 | — | — | ||||||||||||||||
Federal Home Loan Bank borrowings | 120,120 | 123,202 | — | — | 123,202 | ||||||||||||||||
Long-term debt | 15,464 | 9,939 | — | — | 9,939 | ||||||||||||||||
Accrued interest payable | 1,475 | 1,475 | 1,475 | — | — | ||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Table Text Block] | ' | ||||||||||||||||||||
The following presents the valuation technique(s), observable inputs, and quantitative information about the unobservable inputs used for fair value measurements of the financial instruments held by the Company at September 30, 2013, categorized within Level 3 of the fair value hierarchy: | |||||||||||||||||||||
Quantitative Information About Level 3 Fair Value Measurements | |||||||||||||||||||||
(dollars in thousands) | Fair Value at September 30, 2013 | Valuation Techniques(s) | Unobservable Input | Range of Inputs | Weighted Average | ||||||||||||||||
Collateralized debt obligations | $ | 1,261 | Discounted cash flows | Pretax discount rate | 15 | % | - | 15 | % | 15 | % | ||||||||||
Actual defaults | 14.01 | % | - | 20.94 | % | 16.21 | % | ||||||||||||||
Actual deferrals | 4.73 | % | - | 16.01 | % | 9.09 | % | ||||||||||||||
Collateral dependent impaired loans: | |||||||||||||||||||||
Agricultural | 65 | Modified appraised value | Third party appraisal | NM * | NM * | NM * | |||||||||||||||
Appraisal discount | NM * | NM * | NM * | ||||||||||||||||||
Commercial and industrial | 1,528 | Modified appraised value | Third party appraisal | NM * | NM * | NM * | |||||||||||||||
Appraisal discount | NM * | NM * | NM * | ||||||||||||||||||
Construction & development | 154 | Modified appraised value | Third party appraisal | NM * | NM * | NM * | |||||||||||||||
Appraisal discount | NM * | NM * | NM * | ||||||||||||||||||
Farmland | 97 | Modified appraised value | Third party appraisal | NM * | NM * | NM * | |||||||||||||||
Appraisal discount | NM * | NM * | NM * | ||||||||||||||||||
Commercial Real Estate-other | 1,949 | Modified appraised value | Third party appraisal | NM * | NM * | NM * | |||||||||||||||
Appraisal discount | NM * | NM * | NM * | ||||||||||||||||||
Residential real estate one- to four- | 512 | Modified appraised value | Third party appraisal | NM * | NM * | NM * | |||||||||||||||
family first liens | Appraisal discount | NM * | NM * | NM * | |||||||||||||||||
Residential real estate one- to four- | 112 | Modified appraised value | Third party appraisal | NM * | NM * | NM * | |||||||||||||||
family junior liens | Appraisal discount | NM * | NM * | NM * | |||||||||||||||||
Consumer | 53 | Modified appraised value | Third party appraisal | NM * | NM * | NM * | |||||||||||||||
Appraisal discount | NM * | NM * | NM * | ||||||||||||||||||
Mortgage servicing rights | 2,324 | Discounted cash flows | Constant prepayment rate | 7.73 | % | - | 17.26 | % | 7.99 | % | |||||||||||
Pretax discount rate | 10.15 | % | - | 13 | % | 10.17 | % | ||||||||||||||
Other real estate owned | 1,917 | Modified appraised value | Third party appraisal | NM * | NM * | NM * | |||||||||||||||
Appraisal discount | NM * | NM * | NM * | ||||||||||||||||||
* Not Meaningful. Third party appraisals are obtained as to the value of the underlying asset, but disclosure of this information would not provide meaningful information, as the range will vary widely from loan to loan. Types of discounts considered include age of the appraisal, local market conditions, current condition of the property, and estimated sales costs. These discounts will also vary from loan to loan, thus providing a range would not be meaningful. |
Principles_of_Consolidation_an2
Principles of Consolidation and Presentation Prior Period Accounting Correction (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Sep. 30, 2012 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2009 | Dec. 31, 2010 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Scenario, Adjustment | Scenario, Adjustment | Scenario, Adjustment | Scenario, Adjustment | Scenario, Adjustment | Scenario, Adjustment | Scenario, Previously Reported | Scenario, Previously Reported | Scenario, Previously Reported | ||||||||
Retained earnings (accumulated deficit) | $88,110,000 | ' | $88,110,000 | ' | $77,125,000 | $63,646,000 | $52,972,000 | ' | ' | ($2,870,000) | ($2,653,000) | ' | ($2,647,000) | ' | $66,299,000 | $55,619,000 |
Accumulated other comprehensive income (loss) | 2,216,000 | ' | 2,216,000 | ' | 11,050,000 | 6,137,000 | 821,000 | ' | ' | 2,870,000 | 2,653,000 | ' | 2,647,000 | ' | 3,484,000 | -1,826,000 |
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,322,000 | ' | ' | ' | ' |
Net income (loss) | $4,864,000 | $4,238,000 | $14,185,000 | $12,182,000 | $16,534,000 | $13,311,000 | ' | ($212,000) | ($212,000) | ($217,000) | ($6,000) | ' | ' | $16,751,000 | $13,317,000 | ' |
Earnings per common share - basic | $0.57 | $0.50 | $1.67 | $1.44 | $1.95 | ' | ' | ' | ' | ' | ' | ' | ' | $1.97 | ' | ' |
Earnings per common share - diluted | $0.57 | $0.50 | $1.66 | $1.43 | $1.94 | ' | ' | ' | ' | ' | ' | ' | ' | $1.96 | ' | ' |
Shareholders_Equity_Stock_by_C
Shareholders' Equity Stock by Class (Details) | Oct. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
Class of Stock | ' | ' | ' |
Preferred Stock, Shares Authorized | ' | 500,000 | 500,000 |
Preferred Stock, Shares Issued | ' | 0 | 0 |
Common Stock, Shares Authorized | ' | 15,000,000 | 15,000,000 |
Entity Common Stock, Shares Outstanding | 8,470,058 | ' | ' |
Shareholders_Equity_Stock_Repu
Shareholders' Equity Stock Repurchase (Details) (USD $) | 3 Months Ended | 15 Months Ended | 9 Months Ended |
In Millions, unless otherwise specified | Oct. 17, 2011 | Dec. 31, 2012 | Sep. 30, 2013 |
July 26 2011 Share Repurchase Program | October 18 2011 Share Repurchase Program | January 15 2013 Share Repurchase Program | |
Equity, Class of Treasury Stock | ' | ' | ' |
Stock Repurchase Program, Authorized Amount | $1 | $5 | $5 |
Stock Repurchase Program, Remaining Authorized Repurchase Amount | ' | $2.40 | $4 |
Earnings_Per_Common_Share_Deta
Earnings Per Common Share (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 |
Earnings Per Share, Basic, by Common Class, Including Two Class Method | ' | ' | ' | ' | ' | ' |
Net income | $4,864 | $4,238 | $14,185 | $12,182 | $16,534 | $13,311 |
Weighted average number of shares outstanding during the period | 8,468,755 | 8,483,918 | 8,478,928 | 8,484,404 | ' | ' |
Earnings per common share - basic | $0.57 | $0.50 | $1.67 | $1.44 | $1.95 | ' |
Weighted average number of shares outstanding during the period including all dilutive potential shares | 8,517,645 | 8,534,908 | 8,524,451 | 8,526,161 | ' | ' |
Earnings per common share - diluted | $0.57 | $0.50 | $1.66 | $1.43 | $1.94 | ' |
Common | ' | ' | ' | ' | ' | ' |
Earnings Per Share, Basic, by Common Class, Including Two Class Method | ' | ' | ' | ' | ' | ' |
Weighted average number of shares outstanding during the period | 8,468,755 | 8,483,918 | 8,478,928 | 8,484,404 | ' | ' |
Weighted average number of shares outstanding during the period including all dilutive potential shares | 8,517,645 | 8,534,908 | 8,524,451 | 8,526,161 | ' | ' |
Investment_Securities_Schedule
Investment Securities Schedule of Available for Sale Securities (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities | ' | ' |
Available-for-sale Securities, Fair Value | $490,148 | $557,541 |
US Treasury and Government | ' | ' |
Schedule of Available-for-sale Securities | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 51,202 | 68,707 |
Available For Sale Securities, Gross Gains-Unrealized | 587 | 1,132 |
Available For Sale Securities, Gross Losses-Unrealized | 778 | 56 |
Available-for-sale Securities, Fair Value | 51,011 | 69,783 |
US States and Political Subdivisions Debt Securities | ' | ' |
Schedule of Available-for-sale Securities | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 200,133 | 206,392 |
Available For Sale Securities, Gross Gains-Unrealized | 6,143 | 11,752 |
Available For Sale Securities, Gross Losses-Unrealized | 2,486 | 125 |
Available-for-sale Securities, Fair Value | 203,790 | 218,019 |
Collateralized Mortgage-Backed Securities | ' | ' |
Schedule of Available-for-sale Securities | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 203,679 | 236,713 |
Available For Sale Securities, Gross Gains-Unrealized | 3,247 | 6,433 |
Available For Sale Securities, Gross Losses-Unrealized | 2,384 | 28 |
Available-for-sale Securities, Fair Value | 204,542 | 243,118 |
Corporate Debt Securities | ' | ' |
Schedule of Available-for-sale Securities | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 28,925 | 26,438 |
Available For Sale Securities, Gross Gains-Unrealized | 276 | 360 |
Available For Sale Securities, Gross Losses-Unrealized | 1,291 | 1,858 |
Available-for-sale Securities, Fair Value | 27,910 | 24,940 |
Debt Securities | ' | ' |
Schedule of Available-for-sale Securities | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 483,939 | 538,250 |
Available For Sale Securities, Gross Gains-Unrealized | 10,253 | 19,677 |
Available For Sale Securities, Gross Losses-Unrealized | 6,939 | 2,067 |
Available-for-sale Securities, Fair Value | 487,253 | 555,860 |
Other Equity Securities | ' | ' |
Schedule of Available-for-sale Securities | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 2,652 | 1,637 |
Available For Sale Securities, Gross Gains-Unrealized | 282 | 109 |
Available For Sale Securities, Gross Losses-Unrealized | 39 | 65 |
Available-for-sale Securities, Fair Value | 2,895 | 1,681 |
Total | ' | ' |
Schedule of Available-for-sale Securities | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 486,591 | 539,887 |
Available For Sale Securities, Gross Gains-Unrealized | 10,535 | 19,786 |
Available For Sale Securities, Gross Losses-Unrealized | 6,978 | 2,132 |
Available-for-sale Securities, Fair Value | $490,148 | $557,541 |
Investment_Securities_Schedule1
Investment Securities Schedule of Held to Maturity Securities (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Held-to-maturity Securities | ' | ' |
Held to Maturity Securities, Amortized Cost | $32,825 | $32,669 |
Held to Maturity Securities,Fair Value | 30,743 | 32,920 |
US States and Political Subdivisions Debt Securities | ' | ' |
Schedule of Held-to-maturity Securities | ' | ' |
Held to Maturity Securities, Amortized Cost | 19,894 | 19,278 |
Held to Maturity Securities, Holding Gain-Unrealized | 0 | 199 |
Held to Maturity Securities, Holding Loss-Unrealized | 1,278 | 57 |
Held to Maturity Securities,Fair Value | 18,616 | 19,420 |
Collateralized Mortgage-Backed Securities | ' | ' |
Schedule of Held-to-maturity Securities | ' | ' |
Held to Maturity Securities, Amortized Cost | 9,670 | 10,133 |
Held to Maturity Securities, Holding Gain-Unrealized | 3 | 121 |
Held to Maturity Securities, Holding Loss-Unrealized | 752 | 0 |
Held to Maturity Securities,Fair Value | 8,921 | 10,254 |
Corporate Debt Securities | ' | ' |
Schedule of Held-to-maturity Securities | ' | ' |
Held to Maturity Securities, Amortized Cost | 3,261 | 3,258 |
Held to Maturity Securities, Holding Gain-Unrealized | 0 | 0 |
Held to Maturity Securities, Holding Loss-Unrealized | 55 | 12 |
Held to Maturity Securities,Fair Value | 3,206 | 3,246 |
Debt Securities | ' | ' |
Schedule of Held-to-maturity Securities | ' | ' |
Held to Maturity Securities, Amortized Cost | 32,825 | 32,669 |
Held to Maturity Securities, Holding Gain-Unrealized | 3 | 320 |
Held to Maturity Securities, Holding Loss-Unrealized | 2,085 | 69 |
Held to Maturity Securities,Fair Value | $30,743 | $32,920 |
Investment_Securities_Availabl
Investment Securities Available for Sale Securities in Continuous Loss Position (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | count | count |
US Treasury and Government | ' | ' |
Schedule of Available-for-sale Securities | ' | ' |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 3 | 2 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $22,083 | $15,359 |
Available for Sale Securities, Continuous Unrealized Loss Position, Aggregate Loss, Less than 12 Months | 778 | 56 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | ' | ' |
Available forSale Securities, Continuous Unrealized Loss Position, Aggregate Loss, 12 Months or Longer | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 22,083 | 15,359 |
Available-for-sale Securities, Aggregate Loss, Continuous Unrealized Loss Position | 778 | 56 |
US States and Political Subdivisions Debt Securities | ' | ' |
Schedule of Available-for-sale Securities | ' | ' |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 134 | 27 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 43,345 | 7,221 |
Available for Sale Securities, Continuous Unrealized Loss Position, Aggregate Loss, Less than 12 Months | 2,486 | 125 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | ' | ' |
Available forSale Securities, Continuous Unrealized Loss Position, Aggregate Loss, 12 Months or Longer | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 43,345 | 7,221 |
Available-for-sale Securities, Aggregate Loss, Continuous Unrealized Loss Position | 2,486 | 125 |
Collateralized Mortgage-Backed Securities | ' | ' |
Schedule of Available-for-sale Securities | ' | ' |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 14 | 2 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 95,204 | 10,919 |
Available for Sale Securities, Continuous Unrealized Loss Position, Aggregate Loss, Less than 12 Months | 2,384 | 28 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | ' | ' |
Available forSale Securities, Continuous Unrealized Loss Position, Aggregate Loss, 12 Months or Longer | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 95,204 | 10,919 |
Available-for-sale Securities, Aggregate Loss, Continuous Unrealized Loss Position | 2,384 | 28 |
Corporate Debt Securities | ' | ' |
Schedule of Available-for-sale Securities | ' | ' |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 8 | 9 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 14,266 | 14,672 |
Available for Sale Securities, Continuous Unrealized Loss Position, Aggregate Loss, Less than 12 Months | 180 | 242 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 1,260 | 755 |
Available forSale Securities, Continuous Unrealized Loss Position, Aggregate Loss, 12 Months or Longer | 1,111 | 1,616 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 15,526 | 15,427 |
Available-for-sale Securities, Aggregate Loss, Continuous Unrealized Loss Position | 1,291 | 1,858 |
Other Equity Securities | ' | ' |
Schedule of Available-for-sale Securities | ' | ' |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | 1 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 960 | 754 |
Available for Sale Securities, Continuous Unrealized Loss Position, Aggregate Loss, Less than 12 Months | 39 | 65 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | ' | ' |
Available forSale Securities, Continuous Unrealized Loss Position, Aggregate Loss, 12 Months or Longer | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 960 | 754 |
Available-for-sale Securities, Aggregate Loss, Continuous Unrealized Loss Position | 39 | 65 |
Total | ' | ' |
Schedule of Available-for-sale Securities | ' | ' |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 160 | 41 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 175,858 | 48,925 |
Available for Sale Securities, Continuous Unrealized Loss Position, Aggregate Loss, Less than 12 Months | 5,867 | 516 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 1,260 | 755 |
Available forSale Securities, Continuous Unrealized Loss Position, Aggregate Loss, 12 Months or Longer | 1,111 | 1,616 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 177,118 | 49,680 |
Available-for-sale Securities, Aggregate Loss, Continuous Unrealized Loss Position | $6,978 | $2,132 |
Investment_Securities_Held_to_
Investment Securities Held to Maturity Securities in Continuous Loss Position (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | count | count |
US States and Political Subdivisions Debt Securities | ' | ' |
Schedule of Held-to-maturity Securities | ' | ' |
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 30 | 11 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $18,616 | $3,672 |
Held to Maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss, Less than 12 Months | -1,278 | -57 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | ' | ' |
Held to Maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss, 12 Months or Longer | ' | ' |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value | 18,616 | 3,672 |
Held-to-maturity Securities, Aggregate Loss, Continuous Unrealized Loss Position | 1,278 | 57 |
Collateralized Mortgage-Backed Securities | ' | ' |
Schedule of Held-to-maturity Securities | ' | ' |
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | ' |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 8,883 | ' |
Held to Maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss, Less than 12 Months | -752 | ' |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | ' | ' |
Held to Maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss, 12 Months or Longer | ' | ' |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value | 8,883 | ' |
Held-to-maturity Securities, Aggregate Loss, Continuous Unrealized Loss Position | 752 | ' |
Corporate Debt Securities | ' | ' |
Schedule of Held-to-maturity Securities | ' | ' |
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | 1 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 2,329 | 2,371 |
Held to Maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss, Less than 12 Months | -55 | -12 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | ' | ' |
Held to Maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss, 12 Months or Longer | ' | ' |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value | 2,329 | 2,371 |
Held-to-maturity Securities, Aggregate Loss, Continuous Unrealized Loss Position | 55 | 12 |
Total | ' | ' |
Schedule of Held-to-maturity Securities | ' | ' |
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 32 | 12 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 29,828 | 6,043 |
Held to Maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss, Less than 12 Months | -2,085 | -69 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 0 | 0 |
Held to Maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss, 12 Months or Longer | 0 | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value | 29,828 | 6,043 |
Held-to-maturity Securities, Aggregate Loss, Continuous Unrealized Loss Position | $2,085 | $69 |
Investment_Securities_Credit_L
Investment Securities Credit Losses on Fixed Maturity Securities (Details) (Available-for-sale Securities [Member], Collateralized Debt Obligations, USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Available-for-sale Securities [Member] | Collateralized Debt Obligations | ' | ' | ' | ' |
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward] | ' | ' | ' | ' |
Beginning balance | $7,379 | $7,034 | $7,379 | $7,034 |
Securities with no previous other than temporary impairment | 0 | 0 | 0 | 0 |
Securities with previous other than temporary impairments | 0 | 337 | 0 | 337 |
Ending Balance | $7,379 | $7,371 | $7,379 | $7,371 |
Investment_Securities_Contract
Investment Securities Contractual Maturities of Debt Securities (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract] | ' | ' |
Due in one year or less, Amortized Cost | $15,706 | ' |
Due after one year through five years, Amortized Cost | 105,380 | ' |
Due after five years through ten years, Amortized Cost | 104,048 | ' |
Due after ten years, Amortized Cost | 55,126 | ' |
Mortgage-backed securities and collateralized mortgage obligations, Amortized Cost | 203,679 | ' |
Total Available for sale securities, debt securities, Amortized Cost | 483,939 | ' |
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract] | ' | ' |
Due in one year or less, Fair Value | 15,910 | ' |
Due after one year through five years, Fair Value | 108,449 | ' |
Due after five years through ten years, Fair Value | 105,438 | ' |
Due after ten years, Fair Value | 52,914 | ' |
Mortgage-backed securities and collateralized mortgage obligations, Fair Value | 204,542 | ' |
Total Available for sale securities, debt securities, Fair Value | 487,253 | ' |
Held-to-maturity Securities, Debt Maturities, Net Carrying Amount [Abstract] | ' | ' |
Due in one year or less, Amortized Cost | 185 | ' |
Due after one year through five years, Amortized Cost | 2,574 | ' |
Due after five years through ten years, Amortized Cost | 7,587 | ' |
Due after ten years, Amortized Cost | 12,809 | ' |
Mortgage-backed securities and collateralized mortgage obligations, Amortized Cost | 9,670 | ' |
Total Held to Maturity Securities, Amortized Cost | 32,825 | 32,669 |
Held-to-maturity Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract] | ' | ' |
Due in one year or less, Fair Value | 184 | ' |
Due after one year through five years, Fair Value | 2,517 | ' |
Due after five years through ten years, Fair Value | 7,370 | ' |
Due after ten years, Fair Value | 11,751 | ' |
Mortgage-backed securities and collateralized mortgage obligations, Fair Value | 8,921 | ' |
Held to Maturity Securities,Fair Value | $30,743 | $32,920 |
Investment_Securities_Realized
Investment Securities Realized Gains and Losses (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Debt Securities | ' | ' | ' | ' |
Gain (Loss) on Investments | ' | ' | ' | ' |
Available-for-sale Securities, Gross Realized Gains | $0 | $8 | $144 | $360 |
Available-for-sale Securities, Gross Realized Losses, Excluding Other than Temporary Impairments | 0 | 0 | -60 | 0 |
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities | 0 | -337 | 0 | -337 |
Available-for-sale Securities, Gross Realized Gain (Loss) | 0 | -329 | 84 | 23 |
Equity Securities | ' | ' | ' | ' |
Gain (Loss) on Investments | ' | ' | ' | ' |
Available-for-sale Securities, Gross Realized Gains | 0 | 0 | 0 | 381 |
Available-for-sale Securities, Gross Realized Losses, Excluding Other than Temporary Impairments | 0 | 0 | 0 | 0 |
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities | 0 | 0 | 0 | 0 |
Available-for-sale Securities, Gross Realized Gain (Loss) | 0 | 0 | 0 | 381 |
Total | ' | ' | ' | ' |
Gain (Loss) on Investments | ' | ' | ' | ' |
Available-for-sale Securities, Gross Realized Gain (Loss) | $0 | ($329) | $84 | $404 |
Investment_Securities_Textual_
Investment Securities Textual References (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Schedule of Available-for-sale Securities | ' | ' | ' | ' | ' |
Investment in Collateralized Debt Obligations, Number of Securities | 6 | ' | 6 | ' | ' |
Available-for-sale Securities, Fair Value | $490,148,000 | ' | $490,148,000 | ' | $557,541,000 |
US States and Political Subdivisions Debt Securities | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities | ' | ' | ' | ' | ' |
Available-for-sale Securities, Fair Value | 203,790,000 | ' | 203,790,000 | ' | 218,019,000 |
Corporate Debt Securities | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities | ' | ' | ' | ' | ' |
Investment in Collateralized Debt Obligations, Original Basis | 9,800,000 | ' | 9,800,000 | ' | ' |
Investment in Collateralized Debt Obligations, Amortized Cost Basis | 2,400,000 | ' | 2,400,000 | ' | ' |
Available-for-sale Securities, Fair Value | 27,910,000 | ' | 27,910,000 | ' | 24,940,000 |
Other Equity Securities | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities | ' | ' | ' | ' | ' |
Available-for-sale Securities, Fair Value | 2,895,000 | ' | 2,895,000 | ' | 1,681,000 |
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities | 0 | 0 | 0 | 0 | ' |
Other Equity Securities | Banks and Financial Service-Related Companies | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities | ' | ' | ' | ' | ' |
Available-for-sale Securities, Fair Value | 1,900,000 | ' | 1,900,000 | ' | ' |
Fixed Income Funds | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities | ' | ' | ' | ' | ' |
Available-for-sale Securities, Fair Value | $1,000,000 | ' | $1,000,000 | ' | ' |
IOWA | US States and Political Subdivisions Debt Securities | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities | ' | ' | ' | ' | ' |
Geographic Concentration of Investments Credit Risk | 60.00% | ' | 60.00% | ' | ' |
Loans_Receivable_and_the_Allow2
Loans Receivable and the Allowance for Loan Losses Allowance for Loan Losses and Recorded Investment in Loan Receivables (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Allowance for Credit Losses | ' | ' |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | $1,242 | $889 |
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 15,263 | 15,068 |
Financing Receivable, Allowance for Credit Losses | 16,505 | 15,957 |
Allowance for loan losses, Loans acquired with deteriorated credit quality (loan pool participations) | 2,134 | 2,134 |
Loans Receivable, Gross | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 11,891 | 11,394 |
Financing Receivable, Collectively Evaluated for Impairment | 1,064,946 | 1,023,890 |
Loans and Leases Receivable, Gross, Carrying Amount | 1,076,837 | 1,035,284 |
Financing Receivable, Loans acquired with deteriorated credit quality (loan pool participations) | 30,205 | 37,784 |
Agricultural Portfolio Segment | ' | ' |
Financing Receivable, Allowance for Credit Losses | ' | ' |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 140 | 159 |
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 918 | 867 |
Financing Receivable, Allowance for Credit Losses | 1,058 | 1,026 |
Allowance for loan losses, Loans acquired with deteriorated credit quality (loan pool participations) | 3 | 4 |
Loans Receivable, Gross | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 3,164 | 3,323 |
Financing Receivable, Collectively Evaluated for Impairment | 87,858 | 81,403 |
Loans and Leases Receivable, Gross, Carrying Amount | 91,022 | 84,726 |
Financing Receivable, Loans acquired with deteriorated credit quality (loan pool participations) | 53 | 76 |
Commercial Portfolio Segment | ' | ' |
Financing Receivable, Allowance for Credit Losses | ' | ' |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 217 | 295 |
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 4,462 | 4,304 |
Financing Receivable, Allowance for Credit Losses | 4,679 | 4,599 |
Allowance for loan losses, Loans acquired with deteriorated credit quality (loan pool participations) | 66 | 77 |
Loans Receivable, Gross | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 2,078 | 1,806 |
Financing Receivable, Collectively Evaluated for Impairment | 261,206 | 236,810 |
Loans and Leases Receivable, Gross, Carrying Amount | 263,284 | 238,616 |
Financing Receivable, Loans acquired with deteriorated credit quality (loan pool participations) | 1,563 | 2,379 |
Commercial Real Estate Portfolio Segment | ' | ' |
Financing Receivable, Allowance for Credit Losses | ' | ' |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 653 | 293 |
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 5,334 | 5,474 |
Financing Receivable, Allowance for Credit Losses | 5,987 | 5,767 |
Allowance for loan losses, Loans acquired with deteriorated credit quality (loan pool participations) | 700 | 673 |
Loans Receivable, Gross | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 5,008 | 5,342 |
Financing Receivable, Collectively Evaluated for Impairment | 428,628 | 434,642 |
Loans and Leases Receivable, Gross, Carrying Amount | 433,636 | 439,984 |
Financing Receivable, Loans acquired with deteriorated credit quality (loan pool participations) | 19,912 | 24,346 |
Residential Portfolio Segment | ' | ' |
Financing Receivable, Allowance for Credit Losses | ' | ' |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 214 | 136 |
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 3,178 | 2,871 |
Financing Receivable, Allowance for Credit Losses | 3,392 | 3,007 |
Allowance for loan losses, Loans acquired with deteriorated credit quality (loan pool participations) | 124 | 240 |
Loans Receivable, Gross | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 1,569 | 886 |
Financing Receivable, Collectively Evaluated for Impairment | 268,355 | 251,990 |
Loans and Leases Receivable, Gross, Carrying Amount | 269,924 | 252,876 |
Financing Receivable, Loans acquired with deteriorated credit quality (loan pool participations) | 4,013 | 4,788 |
Consumer Portfolio Segment | ' | ' |
Financing Receivable, Allowance for Credit Losses | ' | ' |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 18 | 6 |
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 321 | 350 |
Financing Receivable, Allowance for Credit Losses | 339 | 356 |
Allowance for loan losses, Loans acquired with deteriorated credit quality (loan pool participations) | 5 | 15 |
Loans Receivable, Gross | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 72 | 37 |
Financing Receivable, Collectively Evaluated for Impairment | 18,899 | 19,045 |
Loans and Leases Receivable, Gross, Carrying Amount | 18,971 | 19,082 |
Financing Receivable, Loans acquired with deteriorated credit quality (loan pool participations) | 60 | 67 |
Unallocated Financing Receivables | ' | ' |
Financing Receivable, Allowance for Credit Losses | ' | ' |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | ' | ' |
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 1,050 | 1,202 |
Financing Receivable, Allowance for Credit Losses | 1,050 | 1,202 |
Allowance for loan losses, Loans acquired with deteriorated credit quality (loan pool participations) | 1,236 | 1,125 |
Loans Receivable, Gross | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | ' | ' |
Financing Receivable, Collectively Evaluated for Impairment | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | ' | ' |
Financing Receivable, Loans acquired with deteriorated credit quality (loan pool participations) | $4,604 | $6,128 |
Loans_Receivable_and_the_Allow3
Loans Receivable and the Allowance for Loan Losses Allowance for Loan Loss Activity (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Beginning balance | $16,578 | $15,737 | $15,957 | $15,676 |
Allowance for Loan Losses, Charge-offs | -348 | -807 | -1,102 | -2,544 |
Allowance for Loan Loss, Recoveries | 25 | 322 | 600 | 966 |
Provision for loan losses | 250 | 575 | 1,050 | 1,729 |
Ending balance | 16,505 | 15,827 | 16,505 | 15,827 |
Agricultural Portfolio Segment | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Beginning balance | 995 | 954 | 1,026 | 1,209 |
Allowance for Loan Losses, Charge-offs | ' | ' | -39 | ' |
Allowance for Loan Loss, Recoveries | ' | ' | 36 | 507 |
Provision for loan losses | 63 | 59 | 35 | -703 |
Ending balance | 1,058 | 1,013 | 1,058 | 1,013 |
Commercial Portfolio Segment | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Beginning balance | 4,774 | 4,946 | 4,599 | 5,380 |
Allowance for Loan Losses, Charge-offs | -99 | -607 | -475 | -1,891 |
Allowance for Loan Loss, Recoveries | 20 | 310 | 59 | 407 |
Provision for loan losses | -16 | 118 | 496 | 871 |
Ending balance | 4,679 | 4,767 | 4,679 | 4,767 |
Commercial Real Estate Portfolio Segment | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Beginning balance | 5,664 | 4,602 | 5,767 | 5,171 |
Allowance for Loan Losses, Charge-offs | -115 | -23 | -203 | -129 |
Allowance for Loan Loss, Recoveries | ' | 11 | 462 | 24 |
Provision for loan losses | 438 | 1,264 | -39 | 788 |
Ending balance | 5,987 | 5,854 | 5,987 | 5,854 |
Residential Portfolio Segment | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Beginning balance | 3,334 | 2,894 | 3,007 | 3,501 |
Allowance for Loan Losses, Charge-offs | -87 | -168 | -267 | -481 |
Allowance for Loan Loss, Recoveries | 2 | ' | 25 | 12 |
Provision for loan losses | 143 | 154 | 627 | -152 |
Ending balance | 3,392 | 2,880 | 3,392 | 2,880 |
Consumer Portfolio Segment | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Beginning balance | 279 | 365 | 356 | 167 |
Allowance for Loan Losses, Charge-offs | -47 | -9 | -118 | -43 |
Allowance for Loan Loss, Recoveries | 3 | 1 | 18 | 16 |
Provision for loan losses | 104 | -101 | 83 | 116 |
Ending balance | 339 | 256 | 339 | 256 |
Unallocated Financing Receivables | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Beginning balance | 1,532 | 1,976 | 1,202 | 248 |
Allowance for Loan Losses, Charge-offs | ' | ' | ' | ' |
Allowance for Loan Loss, Recoveries | ' | ' | ' | ' |
Provision for loan losses | -482 | -919 | -152 | 809 |
Ending balance | $1,050 | $1,057 | $1,050 | $1,057 |
Loans_Receivable_and_the_Allow4
Loans Receivable and the Allowance for Loan Losses New Troubled Debt Restructurings During Period (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | |||
count | count | count | ||||
Financing Receivable, Modifications | ' | ' | ' | |||
Financing Receivable, Modifications, Number of Contracts | 1 | 7 | 2 | |||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $66 | $561 | $2,475 | |||
Financing Receivable, Modifications, Post-Modification Recorded Investment | 69 | 545 | 2,475 | |||
Interest Rate Reduction | Farmland Loan Financing Receivable | ' | ' | ' | |||
Financing Receivable, Modifications | ' | ' | ' | |||
Financing Receivable, Modifications, Number of Contracts | ' | ' | 2 | [1] | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | ' | ' | 2,475 | [1] | ||
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | ' | 2,475 | [1] | ||
Interest Rate Reduction | Residential Real Estate First Lien Loan Financing Receivable | ' | ' | ' | |||
Financing Receivable, Modifications | ' | ' | ' | |||
Financing Receivable, Modifications, Number of Contracts | ' | 2 | [1] | ' | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | ' | 164 | [1] | ' | ||
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | 169 | [1] | ' | ||
Interest Rate Reduction | Residential Real Estate Junior Lien Loan Financing Receivable | ' | ' | ' | |||
Financing Receivable, Modifications | ' | ' | ' | |||
Financing Receivable, Modifications, Number of Contracts | ' | 1 | [1] | ' | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | ' | 8 | [1] | ' | ||
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | 13 | [1] | ' | ||
Amortization or Maturity Date Change | Commercial and Industrical Loan Financing Receivable | ' | ' | ' | |||
Financing Receivable, Modifications | ' | ' | ' | |||
Financing Receivable, Modifications, Number of Contracts | ' | 1 | [1] | ' | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | ' | 158 | [1] | ' | ||
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | 158 | [1] | ' | ||
Amortization or Maturity Date Change | Commercial Real Estate Loan Other Financing Receivable | ' | ' | ' | |||
Financing Receivable, Modifications | ' | ' | ' | |||
Financing Receivable, Modifications, Number of Contracts | ' | 2 | [1] | ' | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | ' | 165 | [1] | ' | ||
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | 136 | [1] | ' | ||
Amortization or Maturity Date Change | Residential Real Estate First Lien Loan Financing Receivable | ' | ' | ' | |||
Financing Receivable, Modifications | ' | ' | ' | |||
Financing Receivable, Modifications, Number of Contracts | 1 | [1] | 1 | [1] | ' | |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | 66 | [1] | 66 | [1] | ' | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $69 | [1] | $69 | [1] | ' | |
[1] | (1) - TDRs may include multiple concessions and the disclosure classifications are based on the primary concession provided to the borrower. |
Loans_Receivable_and_the_Allow5
Loans Receivable and the Allowance for Loan Losses Loans by Internally Assigned Credit Quality Indicators (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | $1,076,837 | $1,035,284 |
Agricultural Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 91,022 | 84,726 |
Commercial and Industrical Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 261,973 | 237,193 |
Commercial Credit Card Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 1,162 | 1,001 |
Overdraft Deposit Account Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 655 | 759 |
Commercial Real Estate Construction and Development Loan Financing Receivable [Member] | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 67,839 | 86,794 |
Farmland Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 85,879 | 81,063 |
Multifamily Real Estate Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 53,688 | 47,758 |
Commercial Real Estate Loan Other Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 226,230 | 224,369 |
Commercial Real Estate Total | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 433,636 | 439,984 |
Residential Real Estate First Lien Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 217,314 | 197,742 |
Residential Real Estate Junior Lien Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 52,610 | 55,134 |
Residential Real Estate Total | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 269,924 | 252,876 |
Consumer Other Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 18,465 | 18,745 |
Loans Aqcuired with Deteriorated Credit Quality Financing Receivable [Member] | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 30,205 | 37,784 |
Internally Assigned Grade Pass | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 1,009,360 | 962,696 |
Internally Assigned Grade Pass | Agricultural Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 87,008 | 80,657 |
Internally Assigned Grade Pass | Commercial and Industrical Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 239,934 | 211,344 |
Internally Assigned Grade Pass | Commercial Credit Card Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 1,107 | 967 |
Internally Assigned Grade Pass | Overdraft Deposit Account Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 450 | 452 |
Internally Assigned Grade Pass | Commercial Real Estate Construction and Development Loan Financing Receivable [Member] | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 55,137 | 72,916 |
Internally Assigned Grade Pass | Farmland Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 79,986 | 76,023 |
Internally Assigned Grade Pass | Multifamily Real Estate Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 53,492 | 46,272 |
Internally Assigned Grade Pass | Commercial Real Estate Loan Other Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 211,061 | 209,143 |
Internally Assigned Grade Pass | Commercial Real Estate Total | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 399,676 | 404,354 |
Internally Assigned Grade Pass | Residential Real Estate First Lien Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 210,589 | 191,712 |
Internally Assigned Grade Pass | Residential Real Estate Junior Lien Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 52,288 | 54,606 |
Internally Assigned Grade Pass | Residential Real Estate Total | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 262,877 | 246,318 |
Internally Assigned Grade Pass | Consumer Other Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 18,308 | 18,604 |
Internally Assigned Grade Pass | Loans Aqcuired with Deteriorated Credit Quality Financing Receivable [Member] | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 15,382 | 21,251 |
Internally Assigned Grade Special Mention Watch | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 42,057 | 45,422 |
Internally Assigned Grade Special Mention Watch | Agricultural Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 429 | 579 |
Internally Assigned Grade Special Mention Watch | Commercial and Industrical Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 9,578 | 12,473 |
Internally Assigned Grade Special Mention Watch | Commercial Credit Card Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 54 | 4 |
Internally Assigned Grade Special Mention Watch | Overdraft Deposit Account Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 134 | 181 |
Internally Assigned Grade Special Mention Watch | Commercial Real Estate Construction and Development Loan Financing Receivable [Member] | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 10,507 | 9,493 |
Internally Assigned Grade Special Mention Watch | Farmland Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 3,547 | 2,684 |
Internally Assigned Grade Special Mention Watch | Multifamily Real Estate Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 196 | 1,486 |
Internally Assigned Grade Special Mention Watch | Commercial Real Estate Loan Other Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 12,865 | 13,745 |
Internally Assigned Grade Special Mention Watch | Commercial Real Estate Total | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 27,115 | 27,408 |
Internally Assigned Grade Special Mention Watch | Residential Real Estate First Lien Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 4,564 | 4,478 |
Internally Assigned Grade Special Mention Watch | Residential Real Estate Junior Lien Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 111 | 229 |
Internally Assigned Grade Special Mention Watch | Residential Real Estate Total | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 4,675 | 4,707 |
Internally Assigned Grade Special Mention Watch | Consumer Other Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 72 | 70 |
Internally Assigned Grade Special Mention Watch | Loans Aqcuired with Deteriorated Credit Quality Financing Receivable [Member] | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | ' | ' |
Internally Assigned Grade Substandard | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 25,420 | 27,166 |
Internally Assigned Grade Substandard | Agricultural Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 3,585 | 3,490 |
Internally Assigned Grade Substandard | Commercial and Industrical Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 12,461 | 13,376 |
Internally Assigned Grade Substandard | Commercial Credit Card Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 1 | 30 |
Internally Assigned Grade Substandard | Overdraft Deposit Account Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 71 | 126 |
Internally Assigned Grade Substandard | Commercial Real Estate Construction and Development Loan Financing Receivable [Member] | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 2,195 | 4,385 |
Internally Assigned Grade Substandard | Farmland Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 2,346 | 2,356 |
Internally Assigned Grade Substandard | Multifamily Real Estate Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | ' | ' |
Internally Assigned Grade Substandard | Commercial Real Estate Loan Other Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 2,304 | 1,481 |
Internally Assigned Grade Substandard | Commercial Real Estate Total | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 6,845 | 8,222 |
Internally Assigned Grade Substandard | Residential Real Estate First Lien Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 2,161 | 1,552 |
Internally Assigned Grade Substandard | Residential Real Estate Junior Lien Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 211 | 299 |
Internally Assigned Grade Substandard | Residential Real Estate Total | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 2,372 | 1,851 |
Internally Assigned Grade Substandard | Consumer Other Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 85 | 71 |
Internally Assigned Grade Substandard | Loans Aqcuired with Deteriorated Credit Quality Financing Receivable [Member] | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 14,819 | 16,518 |
Internally Assigned Grade Doubtful | Loans Aqcuired with Deteriorated Credit Quality Financing Receivable [Member] | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | 0 | 0 |
Internally Assigned Grade Loss | Loans Aqcuired with Deteriorated Credit Quality Financing Receivable [Member] | ' | ' |
Financing Receivable, Recorded Investment | ' | ' |
Financing Receivable | $4 | $15 |
Loans_Receivable_and_the_Allow6
Loans Receivable and the Allowance for Loan Losses Amounts and Categories of Impaired Loans (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Financing Receivable, Impaired | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | $4,247 | ' | $4,247 | ' | $4,512 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 5,352 | ' | 5,352 | ' | 6,172 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 7,644 | ' | 7,644 | ' | 6,882 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 7,973 | ' | 7,973 | ' | 7,032 |
Impaired Financing Receivable, Related Allowance | 1,242 | ' | 1,242 | ' | 889 |
Impaired Financing Receivable, Recorded Investment | 11,891 | ' | 11,891 | ' | 11,394 |
Impaired Financing Receivable, Unpaid Principal Balance | 13,325 | ' | 13,325 | ' | 13,204 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 4,274 | 4,813 | 4,479 | 5,039 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 13 | 39 | 107 | 159 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 7,806 | 8,494 | 7,847 | 8,525 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 74 | 97 | 224 | 248 | ' |
Impaired Financing Receivable, Average Recorded Investment | 12,080 | 13,307 | 12,326 | 13,564 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 87 | 136 | 331 | 407 | ' |
Agricultural Loan Financing Receivable | ' | ' | ' | ' | ' |
Financing Receivable, Impaired | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 1,482 | ' | 1,482 | ' | 1,600 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 1,982 | ' | 1,982 | ' | 2,100 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 1,682 | ' | 1,682 | ' | 1,723 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 1,682 | ' | 1,682 | ' | 1,723 |
Impaired Financing Receivable, Related Allowance | 140 | ' | 140 | ' | 159 |
Impaired Financing Receivable, Recorded Investment | 3,164 | ' | 3,164 | ' | 3,323 |
Impaired Financing Receivable, Unpaid Principal Balance | 3,664 | ' | 3,664 | ' | 3,823 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,482 | 1,600 | 1,555 | 1,600 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 13 | 16 | 45 | 44 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 1,682 | 1,723 | 1,695 | 2,433 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 13 | 13 | 37 | 36 | ' |
Impaired Financing Receivable, Average Recorded Investment | 3,164 | 3,323 | 3,250 | 4,033 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 26 | 29 | 82 | 80 | ' |
Commercial and Industrical Loan Financing Receivable | ' | ' | ' | ' | ' |
Financing Receivable, Impaired | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 956 | ' | 956 | ' | 775 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 1,057 | ' | 1,057 | ' | 1,524 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 1,122 | ' | 1,122 | ' | 1,031 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 1,177 | ' | 1,177 | ' | 1,031 |
Impaired Financing Receivable, Related Allowance | 217 | ' | 217 | ' | 295 |
Impaired Financing Receivable, Recorded Investment | 2,078 | ' | 2,078 | ' | 1,806 |
Impaired Financing Receivable, Unpaid Principal Balance | 2,234 | ' | 2,234 | ' | 2,555 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 966 | 736 | 1,079 | 852 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 3 | 6 | 27 | 46 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 1,132 | 1,685 | 1,152 | 1,376 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 10 | 24 | 35 | 30 | ' |
Impaired Financing Receivable, Average Recorded Investment | 2,098 | 2,421 | 2,231 | 2,228 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 13 | 30 | 62 | 76 | ' |
Commercial Real Estate Construction and Development Loan Financing Receivable | ' | ' | ' | ' | ' |
Financing Receivable, Impaired | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 49 | ' | 49 | ' | 149 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 176 | ' | 176 | ' | 299 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 447 | ' | 447 | ' | 525 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 447 | ' | 447 | ' | 525 |
Impaired Financing Receivable, Related Allowance | 342 | ' | 342 | ' | 105 |
Impaired Financing Receivable, Recorded Investment | 496 | ' | 496 | ' | 674 |
Impaired Financing Receivable, Unpaid Principal Balance | 623 | ' | 623 | ' | 824 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 49 | 288 | 49 | 358 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 447 | 525 | 447 | 335 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 6 | 7 | 20 | 22 | ' |
Impaired Financing Receivable, Average Recorded Investment | 496 | 813 | 496 | 693 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 6 | 7 | 20 | 22 | ' |
Farmland Loan Financing Receivable | ' | ' | ' | ' | ' |
Financing Receivable, Impaired | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 97 | ' | 97 | ' | 75 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 110 | ' | 110 | ' | 88 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 2,316 | ' | 2,316 | ' | 2,316 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 2,466 | ' | 2,466 | ' | 2,466 |
Impaired Financing Receivable, Related Allowance | 160 | ' | 160 | ' | 47 |
Impaired Financing Receivable, Recorded Investment | 2,413 | ' | 2,413 | ' | 2,391 |
Impaired Financing Receivable, Unpaid Principal Balance | 2,576 | ' | 2,576 | ' | 2,554 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 99 | 79 | 103 | 85 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 2 | 2 | 6 | 6 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 2,466 | 2,517 | 2,466 | 280 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 28 | 28 | 82 | 85 | ' |
Impaired Financing Receivable, Average Recorded Investment | 2,565 | 2,596 | 2,569 | 365 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 30 | 30 | 88 | 91 | ' |
Commercial Real Estate Loan Other Financing Receivable | ' | ' | ' | ' | ' |
Financing Receivable, Impaired | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 1,125 | ' | 1,125 | ' | 1,722 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 1,354 | ' | 1,354 | ' | 1,887 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 974 | ' | 974 | ' | 555 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 1,074 | ' | 1,074 | ' | 555 |
Impaired Financing Receivable, Related Allowance | 151 | ' | 151 | ' | 141 |
Impaired Financing Receivable, Recorded Investment | 2,099 | ' | 2,099 | ' | 2,277 |
Impaired Financing Receivable, Unpaid Principal Balance | 2,428 | ' | 2,428 | ' | 2,442 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,104 | 1,755 | 1,094 | 1,782 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | -5 | 13 | 19 | 59 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 972 | 1,326 | 974 | 2,989 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 7 | 15 | 21 | 46 | ' |
Impaired Financing Receivable, Average Recorded Investment | 2,076 | 3,081 | 2,068 | 4,771 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 2 | 28 | 40 | 105 | ' |
Commercial Real Estate Total | ' | ' | ' | ' | ' |
Financing Receivable, Impaired | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 1,271 | ' | 1,271 | ' | 1,946 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 1,640 | ' | 1,640 | ' | 2,274 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 3,737 | ' | 3,737 | ' | 3,396 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 3,987 | ' | 3,987 | ' | 3,546 |
Impaired Financing Receivable, Related Allowance | 653 | ' | 653 | ' | 293 |
Impaired Financing Receivable, Recorded Investment | 5,008 | ' | 5,008 | ' | 5,342 |
Impaired Financing Receivable, Unpaid Principal Balance | 5,627 | ' | 5,627 | ' | 5,820 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,252 | 2,122 | 1,246 | 2,225 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | -3 | 15 | 25 | 65 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 3,885 | 4,368 | 3,887 | 3,604 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 41 | 50 | 123 | 153 | ' |
Impaired Financing Receivable, Average Recorded Investment | 5,137 | 6,490 | 5,133 | 5,829 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 38 | 65 | 148 | 218 | ' |
Residential Real Estate First Lien Loan Financing Receivable | ' | ' | ' | ' | ' |
Financing Receivable, Impaired | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 416 | ' | 416 | ' | 136 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 551 | ' | 551 | ' | 203 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 955 | ' | 955 | ' | 642 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 963 | ' | 963 | ' | 642 |
Impaired Financing Receivable, Related Allowance | 174 | ' | 174 | ' | 89 |
Impaired Financing Receivable, Recorded Investment | 1,371 | ' | 1,371 | ' | 778 |
Impaired Financing Receivable, Unpaid Principal Balance | 1,514 | ' | 1,514 | ' | 845 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 451 | 285 | 475 | 289 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 1 | 7 | 2 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 957 | 626 | 960 | 973 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 9 | 8 | 27 | 25 | ' |
Impaired Financing Receivable, Average Recorded Investment | 1,408 | 911 | 1,435 | 1,262 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 10 | 9 | 34 | 27 | ' |
Residential Real Estate Junior Lien Loan Financing Receivable | ' | ' | ' | ' | ' |
Financing Receivable, Impaired | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 121 | ' | 121 | ' | 41 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 121 | ' | 121 | ' | 41 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 77 | ' | 77 | ' | 67 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 77 | ' | 77 | ' | 67 |
Impaired Financing Receivable, Related Allowance | 40 | ' | 40 | ' | 47 |
Impaired Financing Receivable, Recorded Investment | 198 | ' | 198 | ' | 108 |
Impaired Financing Receivable, Unpaid Principal Balance | 198 | ' | 198 | ' | 108 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 122 | 55 | 123 | 57 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | -1 | 1 | 3 | 2 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 78 | 68 | 79 | 19 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | ' | 1 | ' | 2 | ' |
Impaired Financing Receivable, Average Recorded Investment | 200 | 123 | 202 | 76 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | -1 | 2 | 3 | 4 | ' |
Residential Real Estate Total | ' | ' | ' | ' | ' |
Financing Receivable, Impaired | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 537 | ' | 537 | ' | 177 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 672 | ' | 672 | ' | 244 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 1,032 | ' | 1,032 | ' | 709 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 1,040 | ' | 1,040 | ' | 709 |
Impaired Financing Receivable, Related Allowance | 214 | ' | 214 | ' | 136 |
Impaired Financing Receivable, Recorded Investment | 1,569 | ' | 1,569 | ' | 886 |
Impaired Financing Receivable, Unpaid Principal Balance | 1,712 | ' | 1,712 | ' | 953 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 573 | 340 | 598 | 346 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | ' | 2 | 10 | 4 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 1,035 | 694 | 1,039 | 992 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 9 | 9 | 27 | 27 | ' |
Impaired Financing Receivable, Average Recorded Investment | 1,608 | 1,034 | 1,637 | 1,338 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 9 | 11 | 37 | 31 | ' |
Consumer Other Financing Receivable | ' | ' | ' | ' | ' |
Financing Receivable, Impaired | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 1 | ' | 1 | ' | 14 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 1 | ' | 1 | ' | 30 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 71 | ' | 71 | ' | 23 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 87 | ' | 87 | ' | 23 |
Impaired Financing Receivable, Related Allowance | 18 | ' | 18 | ' | 6 |
Impaired Financing Receivable, Recorded Investment | 72 | ' | 72 | ' | 37 |
Impaired Financing Receivable, Unpaid Principal Balance | 88 | ' | 88 | ' | 53 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1 | 15 | 1 | 16 | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 72 | 24 | 74 | 120 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 1 | 1 | 2 | 2 | ' |
Impaired Financing Receivable, Average Recorded Investment | 73 | 39 | 75 | 136 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | $1 | $1 | $2 | $2 | ' |
Loans_Receivable_and_the_Allow7
Loans Receivable and the Allowance for Loan Losses Past Due Loan Aging (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due | $3,351 | $4,324 |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | 3,055 | 1,817 |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 3,226 | 611 |
Financing Receivable, Recorded Investment, Past Due | 9,632 | 6,752 |
Financing Receivable, Recorded Investment, Current | 1,067,205 | 1,028,532 |
Financing Receivable | 1,076,837 | 1,035,284 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 908 | 572 |
Agricultural Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due | 17 | 96 |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | 59 | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 11 | ' |
Financing Receivable, Recorded Investment, Past Due | 87 | 96 |
Financing Receivable, Recorded Investment, Current | 90,935 | 84,630 |
Financing Receivable | 91,022 | 84,726 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ' | ' |
Commercial and Industrical Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due | 510 | 289 |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | 999 | 70 |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 596 | 85 |
Financing Receivable, Recorded Investment, Past Due | 2,105 | 444 |
Financing Receivable, Recorded Investment, Current | 259,868 | 236,749 |
Financing Receivable | 261,973 | 237,193 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 243 | 85 |
Commercial Credit Card Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due | 22 | 4 |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | 32 | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 1 | 30 |
Financing Receivable, Recorded Investment, Past Due | 55 | 34 |
Financing Receivable, Recorded Investment, Current | 1,107 | 967 |
Financing Receivable | 1,162 | 1,001 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 1 | 30 |
Overdraft Deposit Account Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due | 63 | 82 |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | 5 | 6 |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 5 | 39 |
Financing Receivable, Recorded Investment, Past Due | 73 | 127 |
Financing Receivable, Recorded Investment, Current | 582 | 632 |
Financing Receivable | 655 | 759 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ' | ' |
Commercial Real Estate Construction and Development Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due | ' | 448 |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | 67 | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 49 | ' |
Financing Receivable, Recorded Investment, Past Due | 116 | 448 |
Financing Receivable, Recorded Investment, Current | 67,723 | 86,346 |
Financing Receivable | 67,839 | 86,794 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ' | ' |
Farmland Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | ' | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, Current | 85,879 | 81,063 |
Financing Receivable | 85,879 | 81,063 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ' | ' |
Multifamily Real Estate Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due | ' | ' |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | ' | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, Current | 53,688 | 47,758 |
Financing Receivable | 53,688 | 47,758 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ' | ' |
Commercial Real Estate Loan Other Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due | 832 | 892 |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | 90 | 295 |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 1,639 | 67 |
Financing Receivable, Recorded Investment, Past Due | 2,561 | 1,254 |
Financing Receivable, Recorded Investment, Current | 223,669 | 223,115 |
Financing Receivable | 226,230 | 224,369 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 216 | 67 |
Commercial Real Estate Total | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due | 832 | 1,340 |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | 157 | 295 |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 1,688 | 67 |
Financing Receivable, Recorded Investment, Past Due | 2,677 | 1,702 |
Financing Receivable, Recorded Investment, Current | 430,959 | 438,282 |
Financing Receivable | 433,636 | 439,984 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 216 | 67 |
Residential Real Estate First Lien Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due | 1,544 | 2,210 |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | 1,658 | 1,185 |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 669 | 311 |
Financing Receivable, Recorded Investment, Past Due | 3,871 | 3,706 |
Financing Receivable, Recorded Investment, Current | 213,443 | 194,036 |
Financing Receivable | 217,314 | 197,742 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 390 | 311 |
Residential Real Estate Junior Lien Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due | 325 | 233 |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | 73 | 189 |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 198 | 75 |
Financing Receivable, Recorded Investment, Past Due | 596 | 497 |
Financing Receivable, Recorded Investment, Current | 52,014 | 54,637 |
Financing Receivable | 52,610 | 55,134 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 50 | 75 |
Residential Real Estate Total | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due | 1,869 | 2,443 |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | 1,731 | 1,374 |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 867 | 386 |
Financing Receivable, Recorded Investment, Past Due | 4,467 | 4,203 |
Financing Receivable, Recorded Investment, Current | 265,457 | 248,673 |
Financing Receivable | 269,924 | 252,876 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 440 | 386 |
Consumer Other Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due | 38 | 70 |
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due | 72 | 72 |
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due | 58 | 4 |
Financing Receivable, Recorded Investment, Past Due | 168 | 146 |
Financing Receivable, Recorded Investment, Current | 18,297 | 18,599 |
Financing Receivable | 18,465 | 18,745 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | $8 | $4 |
Loans_Receivable_and_the_Allow8
Loans Receivable and the Allowance for Loan Losses Nonaccrual Loans (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | $3,041 | $2,938 |
Agricultural Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 70 | 64 |
Commercial and Industrical Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 756 | 757 |
Commercial Credit Card Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | ' | ' |
Overdraft Deposit Account Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | ' | ' |
Commercial Real Estate Construction and Development Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 49 | 149 |
Farmland Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 30 | 33 |
Multifamily Real Estate Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | ' | ' |
Commercial Real Estate Loan Other Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 1,552 | 1,128 |
Commercial Real Estate Total | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 1,631 | 1,310 |
Residential Real Estate First Lien Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 386 | 550 |
Residential Real Estate Junior Lien Loan Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 148 | 223 |
Residential Real Estate Total | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 534 | 773 |
Consumer Other Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | $50 | $34 |
Loans_Receivable_and_the_Allow9
Loans Receivable and the Allowance for Loan Losses Textual References (Details) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | quarters |
count | |
Financing Receivable, Allowance for Credit Losses | ' |
Loans and Leases Receivable, Impaired, Commitment to Lend | $0 |
Allowance for Loan Losses, Unallocated Maximum Overage Percentage | 15.00% |
Allowance for Loan Losses, Unallocated Maximum Shortage Percentage | 5.00% |
Loans Reviewed Collectively for Impairment, Historical Loss Lookback, Number of Quarters | 20 |
Special Mention Loans, Allowance for Loan Loss Pass Allocation Multiple | 2 |
Substandard Loans, Allowance for Loan Loss Pass Allocation Multiple | 6 |
Criteria to Apply ASC Topic 310, Number | 6 |
Loan Pool Participations Less Than 90 Days Past Due, Percentage | 100.00% |
Loan Pool Participations 90 Days or More Past Due, Percentage | 0.00% |
Defined_Benefit_Pension_Plan_T
Defined Benefit Pension Plan Textual References (Details) (USD $) | 6 Months Ended |
In Millions, unless otherwise specified | Jun. 30, 2012 |
Defined Benefit Pension Plan [Abstract] | ' |
Defined Benefit Plan, Cost of Providing Special or Contractual Termination Benefits Recognized During Period | $6.10 |
Fair_Value_Measurements_Fair_V
Fair Value Measurements Fair Value Financial Assets and Liabilities Measured on a Recurring Basis (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | $490,148 | $557,541 |
Fair Value, Inputs, Level 1 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 2,895 | 1,681 |
Fair Value, Inputs, Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 485,992 | 555,105 |
Fair Value, Inputs, Level 3 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 1,261 | 755 |
Recurring | Estimate of Fair Value | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 490,148 | 557,541 |
Mortgage Servicing Rights at Fair Value, Amount | 2,324 | 1,484 |
Recurring | Fair Value, Inputs, Level 1 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 2,895 | 1,681 |
Recurring | Fair Value, Inputs, Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 485,992 | 555,105 |
Recurring | Fair Value, Inputs, Level 3 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 1,261 | 755 |
Mortgage Servicing Rights at Fair Value, Amount | 2,324 | 1,484 |
US Treasury and Government | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 51,011 | 69,783 |
US Treasury and Government | Recurring | Estimate of Fair Value | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 51,011 | 69,783 |
US Treasury and Government | Recurring | Fair Value, Inputs, Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 51,011 | 69,783 |
US States and Political Subdivisions Debt Securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 203,790 | 218,019 |
US States and Political Subdivisions Debt Securities | Recurring | Estimate of Fair Value | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 203,790 | 218,019 |
US States and Political Subdivisions Debt Securities | Recurring | Fair Value, Inputs, Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 203,790 | 218,019 |
Collateralized Mortgage-Backed Securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 204,542 | 243,118 |
Collateralized Mortgage-Backed Securities | Recurring | Estimate of Fair Value | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 204,542 | 243,118 |
Collateralized Mortgage-Backed Securities | Recurring | Fair Value, Inputs, Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 204,542 | 243,118 |
Corporate Debt Securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 27,910 | 24,940 |
Corporate Debt Securities | Recurring | Estimate of Fair Value | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 26,649 | 24,185 |
Corporate Debt Securities | Recurring | Fair Value, Inputs, Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 26,649 | 24,185 |
Collateralized Debt Obligations | Recurring | Estimate of Fair Value | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 1,261 | 755 |
Collateralized Debt Obligations | Recurring | Fair Value, Inputs, Level 3 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 1,261 | 755 |
Debt Securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 487,253 | 555,860 |
Debt Securities | Recurring | Estimate of Fair Value | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 487,253 | 555,860 |
Debt Securities | Recurring | Fair Value, Inputs, Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 485,992 | 555,105 |
Debt Securities | Recurring | Fair Value, Inputs, Level 3 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 1,261 | 755 |
Common Stock | Recurring | Estimate of Fair Value | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 2,895 | 1,681 |
Common Stock | Recurring | Fair Value, Inputs, Level 1 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 2,895 | 1,681 |
Other Equity Securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 2,895 | 1,681 |
Other Equity Securities | Recurring | Estimate of Fair Value | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | 2,895 | 1,681 |
Other Equity Securities | Recurring | Fair Value, Inputs, Level 1 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Available-for-sale Securities, Fair Value | $2,895 | $1,681 |
Fair_Value_Measurements_Fair_V1
Fair Value Measurements Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation by Asset Class (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Mortgage Servicing Rights | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | ' | ' |
Level 3 fair value | $1,484 | $1,265 |
Transfers into Level 3 | ' | ' |
Transfers out of Level 3 | ' | ' |
Total gains (losses): [Abstract] | ' | ' |
Included in earnings | 378 | -373 |
Included in other comprehensive income | ' | ' |
Purchases, Issuances, Sales, and Settlements: [Abstract] | ' | ' |
Purchases | ' | ' |
Issuances | 462 | 543 |
Sales | ' | ' |
Settlements | ' | ' |
Level 3 fair value | 2,324 | 1,435 |
Collateralized Debt Obligations | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | ' | ' |
Level 3 fair value | 755 | 806 |
Transfers into Level 3 | ' | ' |
Transfers out of Level 3 | ' | ' |
Total gains (losses): [Abstract] | ' | ' |
Included in earnings | ' | ' |
Included in other comprehensive income | 506 | -1 |
Purchases, Issuances, Sales, and Settlements: [Abstract] | ' | ' |
Purchases | ' | ' |
Issuances | ' | ' |
Sales | ' | ' |
Settlements | ' | ' |
Level 3 fair value | $1,261 | $805 |
Fair_Value_Measurements_Fair_V2
Fair Value Measurements Fair Value, Assets Measure on Recurring Basis, Unobservable Inputs,Gain (Loss) (Details) (USD $) | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | ||
Collateralized Debt Obligations | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | ' | ' | ||
Total gains for the period in earnings | ' | ' | ||
Change in unrealized gains (losses) for the period included in comprehensive net income | 506 | -1 | ||
Mortgage Servicing Rights | ' | ' | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | ' | ' | ||
Total gains for the period in earnings | 840 | [1] | 170 | [1] |
Change in unrealized gains (losses) for the period included in comprehensive net income | ' | ' | ||
[1] | * included in mortgage origination and loan servicing fees in the consolidated statements of operations. |
Fair_Value_Measurements_Fair_V3
Fair Value Measurements Fair Value Assets and Liabilities Measured on a Nonrecurring Basis (Details) (Nonrecurring, USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Estimate of Fair Value | ' | ' |
Collateral dependent impaired loans | ' | ' |
Agricultural | $65 | ' |
Commercial and industrial | 1,528 | 1,106 |
Commercial real estate: | ' | ' |
Construction and development | 154 | 496 |
Farmland | 97 | ' |
Commercial real estate-other | 1,949 | 501 |
Total commercial real estate | 2,200 | 997 |
Residential real estate: | ' | ' |
One- to four- family first liens | 512 | 114 |
Residential real estate one- to four- family junior liens | 112 | 19 |
Total residential real estate | 624 | 133 |
Consumer | 53 | 32 |
Collateral dependent impaired loans | 4,470 | 2,268 |
Other real estate owned | 1,917 | 3,278 |
Fair Value, Inputs, Level 3 | ' | ' |
Collateral dependent impaired loans | ' | ' |
Agricultural | 65 | ' |
Commercial and industrial | 1,528 | 1,106 |
Commercial real estate: | ' | ' |
Construction and development | 154 | 496 |
Farmland | 97 | ' |
Commercial real estate-other | 1,949 | 501 |
Total commercial real estate | 2,200 | 997 |
Residential real estate: | ' | ' |
One- to four- family first liens | 512 | 114 |
Residential real estate one- to four- family junior liens | 112 | 19 |
Total residential real estate | 624 | 133 |
Consumer | 53 | 32 |
Collateral dependent impaired loans | 4,470 | 2,268 |
Other real estate owned | $1,917 | $3,278 |
Fair_Value_Measurements_Fair_V4
Fair Value Measurements Fair Value of Financial Instruments (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Investment securities: | ' | ' |
Available for sale securities | $490,148 | $557,541 |
Held to Maturity Securities, Amortized Cost | 32,825 | 32,669 |
Loans held for sale | 206 | 1,195 |
Residential real estate: | ' | ' |
Loan pool participations, net | 28,071 | 35,650 |
Accrued interest receivable | 10,554 | 10,292 |
Financial Liabilities | ' | ' |
Non-interest-bearing demand | 201,886 | 190,491 |
Interest-bearing checking | 576,318 | 582,283 |
Savings | 94,043 | 91,603 |
Certificates of deposit under $100,000 | 270,275 | 312,489 |
Certificates of deposit $100,000 and over | 179,129 | 222,867 |
Total deposits | 1,321,651 | 1,399,733 |
Federal Home Loan Bank borrowings | 145,187 | 120,120 |
Long-term debt | 15,464 | 15,464 |
Accrued interest payable | 1,267 | 1,475 |
Carrying (Reported) Amount | ' | ' |
Financial Assets | ' | ' |
Cash and cash equivalents | 26,066 | 47,191 |
Investment securities: | ' | ' |
Available for sale securities | 490,148 | 557,541 |
Held to Maturity Securities, Amortized Cost | 32,825 | 32,669 |
Total investment securities | 522,973 | 590,210 |
Loans held for sale | 206 | 1,195 |
Loans, net: | ' | ' |
Agricultural | 89,875 | 83,602 |
Commercial and Industrial | 257,068 | 232,337 |
Credit Cards | 1,132 | 982 |
Overdrafts | 485 | 562 |
Commercial real estate: | ' | ' |
Construction and development | 66,206 | 84,645 |
Farmland | 84,757 | 80,425 |
Multifamily | 53,214 | 47,407 |
Commercial real estate-other | 223,049 | 221,229 |
Total commercial real estate | 427,226 | 433,706 |
Residential real estate: | ' | ' |
One- to four- family first liens | 214,217 | 195,126 |
One- to four- family junior liens | 52,052 | 54,449 |
Total residential real estate loans | 266,269 | 249,575 |
Consumer | 18,277 | 18,563 |
Total loans, net | 1,060,332 | 1,019,327 |
Loan pool participations, net | 28,071 | 35,650 |
Accrued interest receivable | 10,554 | 10,292 |
Federal Home Loan Bank Stock | 10,768 | 11,087 |
Financial Liabilities | ' | ' |
Non-interest-bearing demand | 201,886 | 190,491 |
Interest-bearing checking | 576,318 | 582,283 |
Savings | 94,043 | 91,603 |
Certificates of deposit under $100,000 | 270,275 | 312,489 |
Certificates of deposit $100,000 and over | 179,129 | 222,867 |
Total deposits | 1,321,651 | 1,399,733 |
Federal funds purchased and securities sold under agreements to repurchase | 67,058 | 68,823 |
Federal Home Loan Bank borrowings | 145,187 | 120,120 |
Long-term debt | 15,464 | 15,464 |
Accrued interest payable | 1,267 | 1,475 |
Estimate of Fair Value | ' | ' |
Financial Assets | ' | ' |
Cash and cash equivalents | 26,066 | 47,191 |
Investment securities: | ' | ' |
Available for sale securities | 490,148 | 557,541 |
Held to Maturity Securities, Amortized Cost | 30,743 | 32,920 |
Total investment securities | 520,891 | 590,461 |
Loans held for sale | 213 | 1,224 |
Loans, net: | ' | ' |
Agricultural | 89,859 | 83,180 |
Commercial and Industrial | 256,685 | 230,615 |
Credit Cards | 1,132 | 982 |
Overdrafts | 485 | 562 |
Commercial real estate: | ' | ' |
Construction and development | 66,405 | 84,335 |
Farmland | 85,676 | 79,931 |
Multifamily | 53,350 | 47,450 |
Commercial real estate-other | 224,542 | 222,421 |
Total commercial real estate | 429,973 | 434,137 |
Residential real estate: | ' | ' |
One- to four- family first liens | 214,781 | 193,906 |
One- to four- family junior liens | 52,896 | 54,808 |
Total residential real estate loans | 267,677 | 248,714 |
Consumer | 18,300 | 18,631 |
Total loans, net | 1,064,111 | 1,016,821 |
Loan pool participations, net | 28,071 | 35,650 |
Accrued interest receivable | 10,554 | 10,292 |
Federal Home Loan Bank Stock | 10,768 | 11,087 |
Financial Liabilities | ' | ' |
Non-interest-bearing demand | 201,886 | 190,491 |
Interest-bearing checking | 576,318 | 582,283 |
Savings | 94,043 | 91,603 |
Certificates of deposit under $100,000 | 270,982 | 314,978 |
Certificates of deposit $100,000 and over | 179,722 | 224,311 |
Total deposits | 1,322,951 | 1,403,666 |
Federal funds purchased and securities sold under agreements to repurchase | 67,058 | 68,823 |
Federal Home Loan Bank borrowings | 145,992 | 123,202 |
Long-term debt | 9,846 | 9,939 |
Accrued interest payable | 1,267 | 1,475 |
Fair Value, Inputs, Level 1 | ' | ' |
Financial Assets | ' | ' |
Cash and cash equivalents | 26,066 | 47,191 |
Investment securities: | ' | ' |
Available for sale securities | 2,895 | 1,681 |
Total investment securities | 2,895 | 1,681 |
Residential real estate: | ' | ' |
Accrued interest receivable | 10,554 | 10,292 |
Financial Liabilities | ' | ' |
Non-interest-bearing demand | 201,886 | 190,491 |
Interest-bearing checking | 576,318 | 582,283 |
Savings | 94,043 | 91,603 |
Total deposits | 872,247 | 864,377 |
Federal funds purchased and securities sold under agreements to repurchase | 67,058 | 68,823 |
Accrued interest payable | 1,267 | 1,475 |
Fair Value, Inputs, Level 2 | ' | ' |
Investment securities: | ' | ' |
Available for sale securities | 485,992 | 555,105 |
Held to Maturity Securities, Amortized Cost | 30,743 | 32,920 |
Total investment securities | 516,735 | 588,025 |
Residential real estate: | ' | ' |
Federal Home Loan Bank Stock | 10,768 | 11,087 |
Financial Liabilities | ' | ' |
Certificates of deposit under $100,000 | 270,982 | 314,978 |
Certificates of deposit $100,000 and over | 179,722 | 224,311 |
Total deposits | 450,704 | 539,289 |
Fair Value, Inputs, Level 3 | ' | ' |
Investment securities: | ' | ' |
Available for sale securities | 1,261 | 755 |
Total investment securities | 1,261 | 755 |
Loans held for sale | 213 | 1,224 |
Loans, net: | ' | ' |
Agricultural | 89,859 | 83,180 |
Commercial and Industrial | 256,685 | 230,615 |
Credit Cards | 1,132 | 982 |
Overdrafts | 485 | 562 |
Commercial real estate: | ' | ' |
Construction and development | 66,405 | 84,335 |
Farmland | 85,676 | 79,931 |
Multifamily | 53,350 | 47,450 |
Commercial real estate-other | 224,542 | 222,421 |
Total commercial real estate | 429,973 | 434,137 |
Residential real estate: | ' | ' |
One- to four- family first liens | 214,781 | 193,906 |
One- to four- family junior liens | 52,896 | 54,808 |
Total residential real estate loans | 267,677 | 248,714 |
Consumer | 18,300 | 18,631 |
Total loans, net | 1,064,111 | 1,016,821 |
Loan pool participations, net | 28,071 | 35,650 |
Financial Liabilities | ' | ' |
Federal Home Loan Bank borrowings | 145,992 | 123,202 |
Long-term debt | $9,846 | $9,939 |
Fair_Value_Measurements_Fair_V5
Fair Value Measurements Fair Value, Unobservable Inputs Valuation Techniques (Details) (USD $) | 9 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |||||||||||||||||||||||||||
Recurring | Recurring | Recurring | Recurring | Recurring | Recurring | Nonrecurring | Nonrecurring | Nonrecurring | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | ||||||||||||||||||||||||||||
Collateralized Debt Obligations | Collateralized Debt Obligations | Collateralized Debt Obligations | Mortgage Servicing Rights | Mortgage Servicing Rights | Mortgage Servicing Rights | Other Real Estate Owned | Other Real Estate Owned | Other Real Estate Owned | Recurring | Recurring | Recurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | Nonrecurring | ||||||||||||||||||||||||||||
Discounted cash flow | Discounted cash flow | Discounted cash flow | Discounted cash flow | Discounted cash flow | Discounted cash flow | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Mortgage Servicing Rights | Agricultural Loan Financing Receivable | Agricultural Loan Financing Receivable | Agricultural Loan Financing Receivable | Commercial and Industrical Loan Financing Receivable | Commercial and Industrical Loan Financing Receivable | Commercial and Industrical Loan Financing Receivable | Commercial Real Estate Construction and Development Loan Financing Receivable | Commercial Real Estate Construction and Development Loan Financing Receivable | Commercial Real Estate Construction and Development Loan Financing Receivable | Farmland Loan Financing Receivable | Farmland Loan Financing Receivable | Farmland Loan Financing Receivable | Commercial Real Estate Loan Other Financing Receivable | Commercial Real Estate Loan Other Financing Receivable | Commercial Real Estate Loan Other Financing Receivable | Residential Real Estate First Lien Loan Financing Receivable | Residential Real Estate First Lien Loan Financing Receivable | Residential Real Estate First Lien Loan Financing Receivable | Residential Real Estate Junior Lien Loan Financing Receivable | Residential Real Estate Junior Lien Loan Financing Receivable | Residential Real Estate Junior Lien Loan Financing Receivable | Consumer Other Financing Receivable | Consumer Other Financing Receivable | Consumer Other Financing Receivable | ||||||||||||||||||||||||||||||||
Minimum | Maximum | Weighted Average | Minimum | Maximum | Weighted Average | Minimum | Maximum | Weighted Average | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | Modified Appraised Value | |||||||||||||||||||||||||||||||||
Minimum | Maximum | Weighted Average | Minimum | Maximum | Weighted Average | Minimum | Maximum | Weighted Average | Minimum | Maximum | Weighted Average | Minimum | Maximum | Weighted Average | Minimum | Maximum | Weighted Average | Minimum | Maximum | Weighted Average | Minimum | Maximum | Weighted Average | ||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||
Collateralized Debt Obligations | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,261 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||
Mortgage Servicing Rights | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,324 | 1,484 | 2,324 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||
Other real estate owned | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,917 | 3,278 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||
Collateral dependent impaired loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||
Agricultural | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 65 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||
Commercial and industrial | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,528 | 1,106 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||
Construction and development | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 154 | 496 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||
Farmland | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 97 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||
Commercial real estate-other | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,949 | 501 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||
Residential real estate one- to four- family first liens | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 512 | 114 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||
Residential real estate one- to four- family junior liens | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 112 | 19 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||
Consumer | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $53 | $32 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||
Fair Value Inputs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||
Fair Value Inputs, Pretax Discount Rate | 15.00% | 15.00% | 15.00% | 10.15% | 13.00% | 10.17% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||
Fair Value Inputs, Actual Defaults | 14.01% | 20.94% | 16.21% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||
Fair Value Inputs, Actual Deferrals | 4.73% | 16.01% | 9.09% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||
Fair Value Inputs, Third Party Appraisal | ' | ' | ' | ' | ' | ' | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | ' | ' | ' | ' | ' | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] |
Fair Value Assumptions, Appraisal Discount | ' | ' | ' | ' | ' | ' | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | ' | ' | ' | ' | ' | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] | 'NM * | [1] |
Fair Value Assumptions, Constant Prepayment Rate | ' | ' | ' | 7.73% | 17.26% | 7.99% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||
[1] | * Not Meaningful. Third party appraisals are obtained as to the value of the underlying asset, but disclosure of this information would not provide meaningful information, as the range will vary widely from loan to loan. Types of discounts considered include age of the appraisal, local market conditions, current condition of the property, and estimated sales costs. These discounts will also vary from loan to loan, thus providing a range would not be meaningful. |
Variable_Interest_Entities_Var
Variable Interest Entities Variable Interest Entities (Details) | 9 Months Ended |
Sep. 30, 2013 | |
Variable Interest Entity, Measure of Activity [Abstract] | ' |
Variable Interest Entity, Measure of Activity, Other, Description | 'The Company's portfolio holds approximately 95% of the participation interests in the pools of loans owned and serviced by States Resources Corporation (bSRCb), a third-party loan servicing organization in Omaha, Nebraska, in which the Company participates. SRC's owner holds the rest. The Company does not have any ownership interest in or exert any control over SRC, and thus it is not included in the consolidated financial statements. |
Subsequent_Events_Textual_Refe
Subsequent Events Textual References (Details) (Subsequent Event, Common Stock, USD $) | 9 Months Ended | |
Sep. 30, 2013 | Oct. 15, 2013 | |
Subsequent Event | Common Stock | ' | ' |
Subsequent Event | ' | ' |
Dividends Payable, Amount Per Share | ' | $0.13 |
Dividends Payable, Date to be Paid | 16-Dec-13 | ' |
Dividends Payable, Date of Record | 1-Dec-13 | ' |