Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Mar. 07, 2014 | Jun. 30, 2013 |
Document And Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Entity Registrant Name | 'HOME BANCORP, INC. | ' | ' |
Entity Central Index Key | '0001436425 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 7,099,614 | ' |
Entity Public Float | ' | ' | $101.30 |
Consolidated_Statements_of_Fin
Consolidated Statements of Financial Condition (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Assets | ' | ' |
Cash and cash equivalents | $32,638,900 | $39,539,366 |
Interest-bearing deposits in banks | 2,940,000 | 3,529,000 |
Investment securities available for sale, at fair value | 149,632,153 | 157,255,828 |
Investment securities held to maturity (fair values of $9,275,158 and $1,746,375, respectively) | 9,404,790 | 1,665,184 |
Mortgage loans held for sale | 1,951,345 | 5,627,104 |
Loans covered by loss sharing agreements | 21,673,808 | 45,764,397 |
Noncovered loans, net of unearned income | 685,782,309 | 627,363,937 |
Total loans, net of unearned income | 707,456,117 | 673,128,334 |
Allowance for loan losses | -6,918,009 | -5,319,235 |
Total loans, net of unearned income and allowance for loan losses | 700,538,108 | 667,809,099 |
Office properties and equipment, net | 30,702,635 | 30,777,184 |
Cash surrender value of bank-owned life insurance | 17,750,604 | 17,286,434 |
FDIC loss sharing receivable | 12,698,077 | 15,545,893 |
Accrued interest receivable and other assets | 25,984,346 | 23,891,172 |
Total Assets | 984,240,958 | 962,926,264 |
Deposits: | ' | ' |
Noninterest-bearing | 174,475,044 | 152,461,606 |
Interest-bearing | 566,837,372 | 618,967,729 |
Total deposits | 741,312,416 | 771,429,335 |
Short-term Federal Home Loan Bank advances | 87,000,000 | 10,000,000 |
Long-term Federal Home Loan Bank advances | 10,000,000 | 36,256,805 |
Accrued interest payable and other liabilities | 4,019,013 | 3,666,264 |
Total Liabilities | 842,331,429 | 821,352,404 |
Shareholders' Equity | ' | ' |
Preferred stock, $0.01 par value - 10,000,000 shares authorized; none issued | ' | ' |
Common stock, $0.01 par value - 40,000,000 shares authorized; 8,958,395 and 8,950,495 shares issued; 7,099,314 and 7,439,127 shares outstanding, respectively | 89,585 | 89,506 |
Additional paid-in capital | 92,192,410 | 90,986,820 |
Treasury stock at cost - 1,859,081 and 1,511,368 shares, respectively | -28,011,398 | -21,719,954 |
Unallocated common stock held by: | ' | ' |
Employee Stock Ownership Plan (ESOP) | -5,266,830 | -5,623,910 |
Recognition and Retention Plan (RRP) | -1,018,497 | -1,831,759 |
Retained earnings | 83,729,144 | 76,435,222 |
Accumulated other comprehensive income | 195,115 | 3,237,935 |
Total Shareholders' Equity | 141,909,529 | 141,573,860 |
Total Liabilities and Shareholders' Equity | $984,240,958 | $962,926,264 |
Consolidated_Statements_of_Fin1
Consolidated Statements of Financial Condition (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Statement Of Financial Position [Abstract] | ' | ' |
Investment securities held to maturity, fair value | $9,275,158 | $1,746,375 |
Preferred stock, par value | $0.01 | $0.01 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | ' | ' |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 40,000,000 | 40,000,000 |
Common stock, shares issued | 8,958,395 | 8,950,495 |
Common stock, shares outstanding | 7,099,314 | 7,439,127 |
Treasury stock, shares | 1,859,081 | 1,511,368 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Interest Income | ' | ' | ' |
Loans, including fees | $40,535,633 | $42,797,878 | $34,604,712 |
Investment securities | 3,060,521 | 3,169,429 | 3,686,134 |
Other investments and deposits | 124,355 | 154,820 | 144,346 |
Total interest income | 43,720,509 | 46,122,127 | 38,435,192 |
Interest Expense | ' | ' | ' |
Deposits | 3,043,982 | 4,227,495 | 4,626,198 |
Short-term Federal Home Loan Bank advances | 46,716 | 39,592 | 47,163 |
Long-term Federal Home Loan Bank advances | 412,210 | 646,782 | 543,809 |
Total interest expense | 3,502,908 | 4,913,869 | 5,217,170 |
Net interest income | 40,217,601 | 41,208,258 | 33,218,022 |
Provision for loan losses | 3,652,694 | 2,411,214 | 1,460,427 |
Net interest income after provision for loan losses | 36,564,907 | 38,797,044 | 31,757,595 |
Noninterest Income | ' | ' | ' |
Service fees and charges | 2,729,469 | 2,493,177 | 2,379,683 |
Bank card fees | 1,730,960 | 1,795,960 | 1,737,554 |
Gain on sale of loans, net | 1,553,598 | 1,963,365 | 910,165 |
Income from bank-owned life insurance | 464,170 | 515,260 | 578,529 |
Gain (loss) on sale of securities, net | 428,200 | 221,781 | -170,788 |
Accretion of FDIC loss sharing receivable | 432,929 | 580,980 | 851,080 |
Settlement of litigation | ' | ' | 525,000 |
Other income | 330,523 | 190,292 | 188,749 |
Total noninterest income | 7,669,849 | 7,760,815 | 6,999,972 |
Noninterest Expense | ' | ' | ' |
Compensation and benefits | 20,329,834 | 19,687,444 | 17,821,501 |
Occupancy | 3,524,567 | 3,276,166 | 3,041,892 |
Marketing and advertising | 766,388 | 743,814 | 980,557 |
Data processing and communication | 2,441,796 | 2,801,124 | 3,141,776 |
Professional services | 1,060,656 | 890,205 | 1,378,504 |
Forms, printing and supplies | 429,888 | 477,924 | 542,079 |
Franchise and shares tax | 710,775 | 613,733 | 675,801 |
Regulatory fees | 889,967 | 854,041 | 857,990 |
Foreclosed assets, net | 522,903 | 1,051,397 | 471,637 |
Other expenses | 2,527,922 | 2,367,210 | 2,090,638 |
Total noninterest expense | 33,204,696 | 32,763,058 | 31,002,375 |
Income before income tax expense | 11,030,060 | 13,794,801 | 7,755,192 |
Income tax expense | 3,736,138 | 4,604,930 | 2,635,411 |
Net Income | $7,293,922 | $9,189,871 | $5,119,781 |
Earnings per share: | ' | ' | ' |
Basic | $1.11 | $1.33 | $0.72 |
Diluted | $1.06 | $1.28 | $0.71 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest [Abstract] | ' | ' | ' |
Net income | $7,293,922 | $9,189,871 | $5,119,781 |
Other Comprehensive (Loss) Income | ' | ' | ' |
Unrealized (losses) gains on investment securities | -4,177,585 | 2,511,726 | 1,395,951 |
Reclassification adjustment for (gains) losses included in net income | -428,200 | -221,781 | 170,788 |
Tax effect | 1,562,965 | -778,581 | -532,691 |
Other comprehensive (loss) income, net of taxes | -3,042,820 | 1,511,364 | 1,034,048 |
Comprehensive Income | $4,251,102 | $10,701,235 | $6,153,829 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Shareholders' Equity (USD $) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | Unallocated Common Stock Held by ESOP [Member] | Unallocated Common Stock Held by RRP [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
Beginning Balance at Dec. 31, 2010 | $131,529,944 | $89,270 | $88,818,862 | ($10,425,725) | ($6,338,070) | ($3,432,486) | $62,125,570 | $692,523 |
Net income | 5,119,781 | ' | ' | ' | ' | ' | 5,119,781 | ' |
Other comprehensive income | 1,034,048 | ' | ' | ' | ' | ' | ' | 1,034,048 |
Treasury stock acquired at cost, 377,608 shares, 337,887 shares and 347,713 shares | -5,466,590 | ' | ' | -5,466,590 | ' | ' | ' | ' |
Exercise of stock options | 75,110 | 65 | 75,045 | ' | ' | ' | ' | ' |
RRP shares released for allocation | 76,401 | ' | -711,562 | ' | ' | 787,963 | ' | ' |
ESOP shares released for allocation | 519,638 | ' | 162,558 | ' | 357,080 | ' | ' | ' |
Share-based compensation cost | 1,396,503 | ' | 1,396,503 | ' | ' | ' | ' | ' |
Ending Balance at Dec. 31, 2011 | 134,284,835 | 89,335 | 89,741,406 | -15,892,315 | -5,980,990 | -2,644,523 | 67,245,351 | 1,726,571 |
Net income | 9,189,871 | ' | ' | ' | ' | ' | 9,189,871 | ' |
Other comprehensive income | 1,511,364 | ' | ' | ' | ' | ' | ' | 1,511,364 |
Treasury stock acquired at cost, 377,608 shares, 337,887 shares and 347,713 shares | -5,827,639 | ' | ' | -5,827,639 | ' | ' | ' | ' |
Exercise of stock options | 206,526 | 171 | 206,355 | ' | ' | ' | ' | ' |
RRP shares released for allocation | 132,164 | ' | -680,600 | ' | ' | 812,764 | ' | ' |
ESOP shares released for allocation | 612,031 | ' | 254,951 | ' | 357,080 | ' | ' | ' |
Share-based compensation cost | 1,464,708 | ' | 1,464,708 | ' | ' | ' | ' | ' |
Ending Balance at Dec. 31, 2012 | 141,573,860 | 89,506 | 90,986,820 | -21,719,954 | -5,623,910 | -1,831,759 | 76,435,222 | 3,237,935 |
Net income | 7,293,922 | ' | ' | ' | ' | ' | 7,293,922 | ' |
Other comprehensive income | -3,042,820 | ' | ' | ' | ' | ' | ' | -3,042,820 |
Treasury stock acquired at cost, 377,608 shares, 337,887 shares and 347,713 shares | -6,291,444 | ' | ' | -6,291,444 | ' | ' | ' | ' |
Exercise of stock options | 91,105 | 79 | 91,026 | ' | ' | ' | ' | ' |
RRP shares released for allocation | 158,089 | ' | -655,173 | ' | ' | 813,262 | ' | ' |
ESOP shares released for allocation | 652,760 | ' | 295,680 | ' | 357,080 | ' | ' | ' |
Share-based compensation cost | 1,474,057 | ' | 1,474,057 | ' | ' | ' | ' | ' |
Ending Balance at Dec. 31, 2013 | $141,909,529 | $89,585 | $92,192,410 | ($28,011,398) | ($5,266,830) | ($1,018,497) | $83,729,144 | $195,115 |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Treasury stock acquired at cost, shares | 347,713 | 337,887 | 377,608 |
Treasury Stock [Member] | ' | ' | ' |
Treasury stock acquired at cost, shares | 347,713 | 337,887 | 377,608 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Cash flows from operating activities, net of effects of acquisition: | ' | ' | ' |
Net income | $7,293,922 | $9,189,871 | $5,119,781 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Provision for loan losses | 3,652,694 | 2,411,214 | 1,460,427 |
Depreciation | 1,420,986 | 1,452,244 | 1,299,370 |
Amortization of purchase accounting valuations and intangibles | 1,500,774 | -470,654 | 8,714,974 |
Net amortization of mortgage servicing asset | 195,938 | 195,337 | 128,692 |
Federal Home Loan Bank stock dividends | -9,300 | -16,400 | -11,000 |
Net amortization of discount on investments | 1,085,587 | 1,167,661 | 834,634 |
(Gain) loss on sale of investment securities, net | -428,200 | -221,781 | 170,788 |
Gain on loans sold, net | -1,553,598 | -1,963,365 | -910,165 |
Proceeds, including principal payments, from loans held for sale | 83,134,006 | 80,132,706 | 33,096,508 |
Originations of loans held for sale | -78,005,929 | -82,385,735 | -32,797,756 |
Non-cash compensation | 2,126,817 | 2,076,739 | 1,916,141 |
Deferred income tax expense | -1,265,038 | 324,101 | 1,647,022 |
Decrease (increase) in interest receivable and other assets | 2,187,267 | 1,394,971 | -2,700,366 |
Increase in cash surrender value of bank-owned life insurance | -464,170 | -515,260 | -578,529 |
Increase (decrease) in accrued interest payable and other liabilities | 403,640 | -1,430,418 | 130,561 |
Net cash provided by operating activities | 21,275,396 | 11,341,231 | 17,521,082 |
Cash flows from investing activities, net of effects of acquisition: | ' | ' | ' |
Purchases of securities available for sale | -34,548,121 | -48,295,723 | -61,021,376 |
Purchases of securities held to maturity | -8,383,189 | ' | -3,000,000 |
Proceeds from maturities, prepayments and calls on securities available for sale | 29,285,461 | 32,380,480 | 60,196,560 |
Proceeds from maturities, prepayments and calls on securities held to maturity | 561,882 | 1,795,877 | 14,757,281 |
Proceeds from sales on securities available for sale | 7,704,863 | 15,264,114 | 4,570,239 |
Increase in loans, net | -42,046,336 | -8,022,909 | -51,704,628 |
Reimbursement from FDIC for covered assets | 1,463,468 | 3,135,373 | 4,108,337 |
Decrease in interest-bearing deposits in banks | 589,000 | 2,054,000 | 2,284,000 |
Proceeds from sale of repossessed assets | 5,926,909 | 6,988,434 | 2,286,722 |
Purchases of office properties and equipment | -1,346,437 | -1,451,819 | -1,183,278 |
Proceeds from sale of properties and equipment | ' | 1,048,771 | ' |
Net cash disbursed in business combinations | ' | ' | -17,154,724 |
Purchases of Federal Home Loan Bank stock | -4,007,100 | -66,500 | -2,668,900 |
Proceeds from redemption of Federal Home Loan Bank stock | 1,926,300 | 3,010,400 | 373,200 |
Net cash provided (used in) by investing activities | -42,873,300 | 7,840,498 | -48,156,567 |
Cash flows from financing activities, net of effects of acquisition: | ' | ' | ' |
Decrease (increase) in deposits | -30,043,203 | 41,134,716 | -15,396,207 |
Increase (decrease) in Federal Home Loan Bank advances | 50,940,980 | -46,925,404 | 46,221,972 |
Proceeds from exercise of stock options | 91,105 | 206,526 | 75,110 |
Purchase of treasury stock | -6,291,444 | -5,827,639 | -5,466,590 |
Net cash provided by (used in) financing activities | 14,697,438 | -11,411,801 | 25,434,285 |
Net change in cash and cash equivalents | -6,900,466 | 7,769,928 | -5,201,200 |
Cash and cash equivalents at beginning of year | 39,539,366 | 31,769,438 | 36,970,638 |
Cash and cash equivalents at end of year | 32,638,900 | 39,539,366 | 31,769,438 |
Supplementary cash flow information: | ' | ' | ' |
Interest paid on deposits and borrowed funds | 3,377,227 | 5,794,525 | 5,169,506 |
Income taxes paid | 3,025,000 | 5,450,000 | 1,428,034 |
Noncash investing and financing activities: | ' | ' | ' |
Transfer of loans to repossessed assets | $4,824,784 | $6,829,932 | $6,701,569 |
Description_of_Business
Description of Business | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' |
Description of Business | ' |
1. Description of Business | |
Home Bancorp, Inc., a Louisiana Corporation (“Company”), was organized by Home Bank (“Bank”) in May 2008 to facilitate the conversion of the Bank from the mutual to the stock form (“Conversion”) of ownership. The Conversion was completed on October 2, 2008, at which time the Company became the holding company for the Bank, with the Company owning all of the issued and outstanding shares of the Bank’s common stock. Shares of the Company’s common stock were issued and sold in an offering to certain depositors of the Bank. The Company and Bank are headquartered in Lafayette, Louisiana. | |
Home Bank is a federally chartered stock savings bank. The Bank was originally chartered in 1908 as a Louisiana state chartered savings association. The Bank converted to a federal mutual savings bank charter in 1993. In 2010, the Bank expanded into the Northshore (of Lake Ponchartrain) through a Federal Deposit Insurance Corporation (“FDIC”) assisted acquisition of certain assets and liabilities of the former Statewide Bank (“Statewide”). In July 2011, the Bank expanded into the Greater New Orleans region through its acquisition of GS Financial Corporation (“GSFC”), the former holding company of Guaranty Savings Bank (“Guaranty”). As of December 31, 2013, the Bank conducts business from 22 banking offices in the Greater Lafayette, Northshore, Baton Rouge and Greater New Orleans regions of south Louisiana. | |
The Bank is primarily engaged in attracting deposits from the general public and using those funds to invest in loans and investment securities. The Bank’s principal sources of funds are customer deposits, repayments of loans, repayments of investments and funds borrowed from outside sources such as the Federal Home Loan Bank (“FHLB”) of Dallas. The Bank derives its income principally from interest earned on loans and investment securities and, to a lesser extent, from fees received in connection with the origination of loans, service charges on deposit accounts and for other services. The Bank’s primary expenses are interest expense on deposits and borrowings and general operating expenses. | |
The Bank is regulated by the Office of the Comptroller of the Currency (“OCC”) and its deposits are insured to the maximum amount permissible under federal law by the FDIC. In July 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) was passed by Congress. The act, among other things, imposed new restrictions and an expanded framework of regulatory oversight for financial institutions and their holding companies, including the Bank and the Company. Under the new law, the Company’s and the Bank’s former primary regulator, the Office of Thrift Supervision (“OTS”), was eliminated. Federal thrifts are now subject to regulation and supervision by the OCC, which also currently supervises and regulates all national banks. Savings and loan holding companies are now regulated by the Federal Reserve Board (“FRB”), which has the authority to promulgate new regulations governing the Company that will impose additional capital requirements and may result in additional restrictions on investments and other holding company activities. The law also created a new Consumer Financial Protection Bureau (“CFPB”) that has the authority to promulgate rules intended to protect consumers in the financial products and services market. Because many of the regulations under the new law have not been promulgated, we cannot determine the full impact on our business and operations at this time. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' |
Summary of Significant Accounting Policies | ' |
2. Summary of Significant Accounting Policies | |
Principles of Consolidation | |
The consolidated financial statements include the accounts of the Company and the Bank. All significant intercompany balances and transactions have been eliminated in consolidation. | |
Use of Estimates | |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term include, but are not limited to, the determination of the allowance for loan losses, income taxes, valuation of investments with other-than-temporary impairment, acquisition accounting valuations and valuation of share-based compensation. | |
Cash and Cash Equivalents | |
For purposes of reporting cash flows, cash and cash equivalents include cash on hand, due from banks and interest-bearing deposits with the FHLB. The Company considers all highly liquid debt instruments with original maturities of three months or less (excluding interest-bearing deposits in banks) to be cash equivalents. | |
The Bank is required to maintain cash reserves with the FRB. The requirement is dependent upon the Bank’s cash on hand or noninterest-bearing balances. The reserve requirements as of December 31, 2013 and 2012 were $13,601,000 and $16,466,000, respectively, and the Bank was in compliance with such requirements at such dates. | |
Investment Securities | |
The Company follows the guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 320, Investments – Debt and Equity Securities. This standard addresses the accounting and reporting for investments in equity securities that have readily determinable fair values and for all investments in debt securities. Under the topic, investment securities, which the Company both positively intends and has the ability to hold to maturity, are classified as held to maturity and carried at amortized cost. | |
Investment securities that are acquired with the intention of being resold in the near term are classified as trading securities under ASC 320 and are carried at fair value, with unrealized holding gains and losses recognized in current earnings. The Company did not hold any securities for trading purposes at, or during the years ended, December 31, 2013 or 2012. | |
Securities not meeting the criteria of either trading securities or held to maturity are classified as available for sale and are carried at fair value. Unrealized holding gains and losses for these securities are recognized, net of related income tax effects in the Consolidated Statements of Comprehensive Income. | |
Interest income earned on securities either held to maturity or available for sale is included in current earnings, including the amortization of premiums and the accretion of discounts using the interest method. Premiums and discounts are amortized or accreted over the life of the related security as an adjustment to the yield. The gain or loss realized on the sale of securities classified as available for sale and held to maturity, as determined using the specific identification method for determining the cost of the securities sold, is computed with reference to its amortized cost and is also included in current earnings. | |
The Company reviews investment securities for other-than-temporary impairment quarterly. Impairment is considered to be other-than-temporary if it is likely that all amounts contractually due will not be received for debt securities and when there is no positive evidence indicating that an investment’s carrying amount is recoverable in the near term for equity securities. When a decline in the fair value of available for sale and held to maturity securities below cost is deemed to be credit related, a charge for other-than-temporary impairment is included in earnings as “Other-than-temporary impairment of securities”. The decline in fair value attributed to non-credit related factors is recognized in other comprehensive income and a new cost basis for the security is established. The new cost basis is not changed for subsequent recoveries in fair value. Increases and decreases between fair value and cost on available for sale securities are reflected in the Consolidated Statements of Comprehensive Income. In evaluating whether impairment is temporary or other-than-temporary, the Company considers, among other things, the time period the security has been in an unrealized loss position; the financial condition of the issuer and its industry; recommendations of investment advisors; economic forecasts; market or industry trends; changes in tax laws, regulations, or other governmental policies significantly affecting the issuer; any downgrades from rating agencies; and any reduction or elimination of dividends. The Company’s intent and ability to hold a security for a period of time sufficient to allow for any anticipated recovery in fair value is also considered. | |
Loans Held for Sale | |
The Company sells mortgage loans and loan participations for an amount equal to the principal amount of loans or participations with yields to investors based upon current market rates. Realized gains and losses related to loan sales are included in noninterest income. | |
The Company allocates the cost to acquire or originate a mortgage loan between the loan and the right to service the loan if it intends to sell or securitize the loan and retain servicing rights. In addition, the Company periodically assesses capitalized mortgage servicing rights for impairment based on the fair value of such rights. To the extent that temporary impairment exists, write-downs are recognized in current earnings as an adjustment to the corresponding valuation allowance. Permanent impairment is recognized through a write-down of the asset with a corresponding reduction in the valuation allowance. For purposes of performing its impairment evaluation, the portfolio is stratified on the basis of certain risk characteristics, including loan type and interest rates. Capitalized servicing rights are amortized over the period of, and in proportion to, estimated net servicing income, which considers appropriate prepayment assumptions. | |
For financial reporting purposes, the Company classifies a portion of its loan portfolio as “Mortgage loans held for sale.” Included in this category are loans which the Company has the current intent to sell and loans which are available to be sold in the event that the Company determines that loans should be sold to support the Company’s investment and liquidity objectives, as well as to support its overall asset and liability management strategies. Loans included in this category for which the Company has the current intention to sell are recorded at the lower of aggregate cost or fair value. As of December 31, 2013 and 2012, the Company had $1,951,000 and $5,627,000, respectively, in loans classified as “Mortgage loans held for sale.” | |
As of December 31, 2013 and 2012, the Company had $119,922,000 and $133,107,000, respectively, outstanding in loans sold to government agencies that it was servicing through a third party. | |
Loans | |
The following briefly describes the distinction between originated, non-covered acquired and covered loans and certain significant accounting policies relevant to each category. | |
Originated Loans | |
Loans are carried net of discounts on loan originations and purchased loans are amortized using the level yield interest method over the remaining contractual life of the loan. Nonrefundable loan origination fees, net of direct loan origination costs, are deferred and recognized over the life of the loan as an adjustment of yield using the interest method. | |
Interest on loans receivable is accrued as earned using the interest method over the life of the loan. Interest on loans deemed uncollectible is excluded from income. The accrual of interest is discontinued and reversed against current income once loans become more than 90 days past due or earlier if conditions warrant. The past due status of loans is determined based on the contractual terms. When a loan is placed on nonaccrual status, previously accrued and uncollected interest is charged against interest income on loans. Interest payments are applied to reduce the principal balance on nonaccrual loans. Loans are returned to accrual status when all past due payments are received in full and future payments are probable. | |
Third party property valuations are obtained at the time of origination for real estate secured loans. When a determination is made that a loan has deteriorated to the point of becoming a problem loan, updated valuations may be ordered to help determine if there is impairment, which may lead to a recommendation for partial charge off or appropriate allowance allocation. Property valuations are ordered through, and reviewed by, the Company’s Appraisal and Review Department. The Company typically orders an “as is” valuation for collateral property if the loan is in a criticized loan classification. | |
Loans, or portions of loans, are charged off in the period that such loans, or portions thereof, are deemed uncollectible. The collectability of individual loans is determined through an estimate of the fair value of the underlying collateral and/or assessment of the financial condition and repayment capacity of the borrower. | |
Non-covered Acquired Loans | |
Non-covered acquired loans at December 31, 2013 and 2012 are those associated with our acquisition of GS Financial Corp. (“GSFC”), the former holding company of Guaranty Savings Bank of Metairie, Louisiana on July 15, 2011. These loans were recorded at estimated fair value at the acquisition date with no carryover of the related allowance for loan losses. The non-covered acquired loans were segregated between those considered to be performing (“acquired performing”) and those with evidence of credit deterioration (“acquired impaired”), and then further segregated into loan pools designed to facilitate the development of expected cash flows. The fair value estimate for each pool of acquired performing and acquired impaired loans was based on the estimate of expected cash flows, both principal and interest, from that pool, discounted at prevailing market interest rates. | |
The difference between the fair value of an acquired performing loan pool and the contractual amounts due at the acquisition date (the “fair value discount”) is accreted into income over the estimated life of the pool. Management estimates an allowance for loan losses for acquired performing loans using a methodology similar to that used for originated loans. The allowance determined for each loan pool is compared to the remaining fair value discount for that pool. If the allowance amount calculated under the Company’s methodology is greater than the Company’s remaining discount, the additional amount called for is added to the reported allowance through a provision for loan losses. If the allowance amount calculated under the Company’s methodology is less than the Company’s recorded discount, no additional allowance or provision is recognized. Actual losses first reduce any remaining fair value discount for the loan pool. Once the discount is fully depleted, losses are applied against the allowance established for that pool. Acquired performing loans are placed on nonaccrual status and considered and reported as nonperforming or past due using the same criteria applied to the originated portfolio. | |
The excess of cash flows expected to be collected from an acquired impaired loan pool over the pool’s estimated fair value at acquisition is referred to as the accretable yield and is recognized in interest income using an effective yield method over the remaining life of the pool. Each pool of acquired impaired loans is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows. | |
Management recasts the estimate of cash flows expected to be collected on each acquired impaired loan pool periodically. If the present value of expected cash flows for a pool is less than its carrying value, an impairment is recognized by an increase in the allowance for loan losses and a charge to the provision for loan losses. If the present value of expected cash flows for a pool is greater than its carrying value, any previously established allowance for loan losses is reversed and any remaining difference increases the accretable yield which will be taken into interest income over the remaining life of the loan pool. Acquired impaired loans are generally not subject to individual evaluation for impairment and are not reported with impaired loans, even if they would otherwise qualify for such treatment. | |
Covered Loans and the Related Loss Share Receivable | |
The loans purchased in the Company’s 2010 acquisition of certain assets and liabilities of Statewide Bank (“Statewide”) are covered by loss share agreements between the FDIC and the Company that afford the Company significant loss protection. In connection with the transaction, Home Bank entered into loss sharing agreements with the FDIC which cover the acquired loan portfolio (“Covered Loans”) and repossessed assets (collectively referred to as “Covered Assets”). Under the terms of the loss sharing agreements, the FDIC will, subject to the terms and conditions of the agreements, absorb 80% of the first $41,000,000 of losses incurred on Covered Assets and 95% of losses on Covered Assets exceeding $41,000,000 during the periods specified in the loss sharing agreements. These Covered Loans are accounted for as acquired impaired loans as described above. The loss share receivable is measured separately from the related covered loans as it is not contractually embedded in the loans and is not transferable should the loans be sold. The fair value of the loss share receivable at acquisition was estimated by discounting projected cash flows related to the loss share agreements based on the expected reimbursements for losses using the applicable loss share percentages. The discounted amount is accreted into non-interest income over the remaining life of the covered loan pool or the life of the loss share agreement. | |
The loss share receivable is reviewed and updated prospectively as loss estimates related to covered loans change. Increases in expected reimbursements under the loss sharing agreements from a covered loan pool will lead to an increase in the loss share receivable. A decrease in expected reimbursements is reflected first as a reversal of any previously recorded increase in the loss share receivable on the covered loan pool with the remainder reflected as a reduction in the loss share receivable’s accretion rate. Increases and decreases in the loss share receivable can result in reductions in or additions to the provision for loan losses, which serve to offset the impact on the provision from impairment recognized on the underlying covered loan pool and reversals of previously recognized impairment. The impact on operations of a reduction in the loss share receivable’s accretion rate is associated with an increase in the accretable yield on the underlying loan pool. | |
Allowance for Loan Losses | |
The allowance for loan losses on loans in our portfolio is maintained at an amount which management believes covers the reasonably estimable and probable losses on such portfolio. The allowance for loan losses is comprised of specific and general reserves. The Company determines specific reserves based on the provisions of ASC 310, Receivables. The Company’s allowance for loan losses includes a measure of impairment related to those loans specifically identified for evaluation under the topic. This measurement is based on a comparison of the recorded investment in the loan with either the expected cash flows discounted using the loan’s original effective interest rate, observable market price for the loan or the fair value of the collateral underlying certain collateral-dependent loans. General reserves are based on management’s evaluation of many factors, including current economic trends, industry experience, historical loss experience (generally three years), industry loan concentrations, the borrowers’ abilities to repay and repayment performance, probability of foreclosure and estimated collateral values. As these factors change, adjustments to the loan loss reserve are charged to current operations. Loans that are determined to be uncollectible are charged-off against the allowance for loan losses once that determination is made. | |
While management uses available information to make loan loss allowance evaluations, adjustments to the allowance may be necessary based on changes in economic and other conditions or changes in accounting guidance. The OCC, as an integral part of its examination processes, periodically reviews the allowance for loan losses. The OCC may require the recognition of adjustments to the allowance for loan losses based on their judgment of information available to them as of the time of their examinations. To the extent the OCC’s estimates differ from management’s estimates, additional provisions to the allowance for loan losses may be required as of the time of their examination. As part of the risk management program, an independent review is performed on the loan portfolio, which supplements management’s assessment of the loan portfolio and the allowance for loan losses. The result of the independent review is reported directly to the Audit Committee of the Board of Directors. | |
Repossessed Assets | |
Repossessed assets are recorded at the lesser of the balance of the loan or fair value less estimated selling costs at the date acquired or upon receiving new property valuations. Costs relating to the development and improvement of foreclosed property are capitalized, and costs relating to holding and maintaining the property are expensed. Write-downs from cost to fair value at the dates of foreclosure are charged against the allowance for loan losses. Valuations are performed periodically and a charge to operations is recorded if the carrying value of a property exceeds its fair value less selling costs. Generally, the Company appraises the property at the time of foreclosure and at least every 12 months following the foreclosure. Excluding Covered Assets, the Company had $1,406,000 and $3,771,000 of repossessed assets as of December 31, 2013 and 2012, respectively. Including Covered Assets, the Company had $4,566,000 and $6,454,000 of repossessed assets as of December 31, 2013 and 2012, respectively. Repossessed Assets are recorded in accrued interest receivable and other assets on the Consolidated Statements of Financial Condition. | |
Federal Home Loan Bank Stock | |
As a member of the FHLB, the Bank is required to maintain a minimum investment in its stock that varies with the level of FHLB advances outstanding. The stock is bought from and sold to the FHLB based upon its $100 par value. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost and evaluated for impairment in accordance with GAAP. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as: (a) the significance of the decline in net assets of the FHLB as compared to the capital stock amount and the length of time this situation has persisted, (b) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance, (c) the impact of legislative and regulatory changes on the customer base of the FHLB and (d) the liquidity position of the FHLB. | |
Office Properties and Equipment | |
Office properties and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method with rates based on the estimated useful lives of the individual assets, which range from 3 to 40 years. Expenditures which substantially increase the useful lives of existing property and equipment are capitalized while routine expenditures for repairs and maintenance are expensed as incurred. | |
Cash Surrender Value of Bank-owned Life Insurance | |
Life insurance contracts represent single premium life insurance contracts on the lives of certain officers of the Bank. The Bank is the beneficiary of these policies. These contracts are reported at their cash surrender value and changes in the cash surrender value are included in noninterest income. | |
Intangible Assets | |
Intangible assets consist of goodwill, core deposit intangibles and mortgage servicing rights. These assets are recorded in accrued interest receivable and other assets on the Consolidated Statements of Financial Condition. Goodwill represents the excess purchase price over the fair value of net assets acquired in business acquisitions. Goodwill is not amortized but rather is evaluated for impairment at least annually. Core deposit intangibles represent the estimated value related to customer deposit relationships assumed in the Company’s acquisitions. Core deposit intangibles are being amortized over nine or 10 years using an accelerated method. The mortgage servicing rights represent servicing assets related to mortgage loans sold and serviced at fair value. Mortgage servicing rights are being amortized over a maximum of 10 years using an accelerated method. | |
Transfer of Financial Assets | |
Transfers of financial assets are accounted for as sales when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right, free of conditions that constrain it from taking advantage of that right, to pledge or exchange the transferred assets and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before maturity. | |
Salary Continuation Agreements | |
The Company records the expense associated with its salary continuation agreements over the service periods of the persons covered under these agreements. | |
Income Taxes | |
The Company accounts for income taxes under the liability method. Deferred tax assets and liabilities are recorded for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Future tax benefits are recognized to the extent that realization of such benefits is more likely than not. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the assets and liabilities are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income taxes during the period that includes the enactment date. | |
In the event the future tax consequences of differences between the financial reporting bases and the tax bases of the Company’s assets and liabilities results in deferred tax assets, an evaluation of the probability of being able to realize the future benefits indicated by such asset is required. A valuation allowance is provided for the portion of the deferred tax asset when it is more likely than not that some or all of the deferred tax asset will not be realized. In assessing the realizability of the deferred tax assets, management considers the scheduled reversals of deferred tax liabilities, projected future taxable earnings and tax planning strategies. | |
The income tax benefit or expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. | |
A tax position is recognized as a benefit only if it is more likely than not that the tax position would be sustained in a tax examination, with a tax examination presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50 percent likely of being realized on examination. For tax positions not meeting the more likely than not test, no tax benefit is recorded. | |
The Company recognizes interest and penalties accrued related to unrecognized tax benefits, if applicable, in noninterest expense. During the years ended December 31, 2013, 2012, and 2011, the Company did not recognize any interest or penalties in its financial statements, nor has it recorded an accrued liability for interest or penalty payments. | |
Stock-based Compensation Plans | |
The Company issues stock options under the 2009 Stock Option Plan to directors, officers and other key employees. In accordance with the requirements of ASC 718, Compensation – Stock Compensation, the Company has adopted a fair value based method of accounting for employee stock compensation plans, whereby compensation cost is measured as of the grant date based on the fair value of the award and is recognized over the service period, which is usually the vesting period. | |
The Company issues restricted stock under the 2009 Recognition and Retention Plan (“RRP”) for directors, officers and other key employees. The RRP allows for the issuance of restricted stock awards that may not be sold or otherwise transferred until certain restrictions have lapsed. The holders of the restricted stock have the right to vote the shares as awards are earned. The unearned compensation related to these awards is amortized to compensation expense over the service period, which is usually the vesting period. The total share-based compensation expense for these awards is determined based on the market price of the Company’s common stock as of the date of grant applied to the total number of shares granted and is amortized over the vesting period. | |
Earnings Per Share | |
Earnings per share represents income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. | |
Comprehensive Income | |
GAAP generally requires that recognized revenues, expenses, gains and losses be included in net earnings. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the equity section of the balance sheets, such items, along with net earnings, are components of comprehensive income. The tax effect for unrealized gains on investment securities was ($1,413,095), $853,987 and $474,623 for the periods ending December 31, 2013, 2012 and 2011, respectively. The reclassification adjustment for (gains) losses included in net income had a tax effect of ($149,870), ($75,406) and $58,068 for the periods ending December 31, 2013, 2012 and 2011. Comprehensive income is reflected in the Consolidated Statements of Comprehensive Income. | |
Reclassifications | |
Certain reclassifications have been made to prior period balances to conform to the current period presentation. | |
Recent Accounting Pronouncements | |
In October 2012, the FASB issued Accounting Standards Update (“ASU”) No. 2012-06, Subsequent Accounting for an Indemnification Asset as a result of a Government-Assisted Acquisition of a Financial Institution. ASU 2012-06 requires the change in measurement of the indemnification asset to be accounted for on the same basis as the change in the indemnified item. Any amortization period for the changes in value is limited to the shorter of the term of the indemnification agreement or the remaining life of the indemnified assets. The amendments are effective for fiscal years beginning on or after December 15, 2012 and interim periods within those fiscal years. The amendments are applied prospectively to any new indemnification assets acquired after the date of adoption and to indemnification assets existing as of the date of adoption. The Company adopted ASU 2012-06, and as a result of the adoption, amortized $1.8 million of the indemnification asset in 2013. The Company continues to assess the carrying value of this asset at least quarterly. | |
In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income was issued in the first quarter of 2013 to improve the reporting of reclassifications out of accumulated other comprehensive income (“AOCI”). The ASU requires information regarding the impact to net earnings of the reclassification on significant amounts out of AOCI to be presented on either the face of the statement of earnings or in the notes to the financial statements. The amendments in this Update do not change the current reporting requirements for net earnings or AOCI. For public entities, the amendments in this Update are effective prospectively for reporting periods beginning after December 15, 2012. The Company has adopted ASU 2013-02, and the information required has been included in the Consolidated Statements of Comprehensive Income. | |
In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210), Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. The amendments limit the scope of ASU 2011-11, Disclosures about Offsetting Assets and Liabilities, to certain derivative instruments (including bifurcated embedded derivatives), repurchase agreements and reverse repurchase agreements, and securities borrowing and lending arrangements that are either (1) offset on the balance sheet or (2) subject to an enforceable master netting arrangement or similar agreement. The effective date of the amendments coincides with that of ASU 2011-11 (i.e., for fiscal years beginning on or after January 1, 2013, and interim periods within those years). The amendments are applied retrospectively for all comparative periods presented on the balance sheet. The Company has adopted ASU 2013-01, and the adoption of the guidance did not have a material impact on the Company’s results of operations, financial position or disclosures. | |
In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740), which clarifies the presentation requirements of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. The amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2014 and should be applied prospectively. The adoption of this ASU is not expected to have a material effect on our consolidated statements of financial condition, results of operations or cash flows. | |
In January 2014, the FASB issued ASU No. 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40) – Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure, which clarifies when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate recognized. The amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2014 and should be applied prospectively. The adoption of this ASU is not expected to have a material effect on the Company’s financial position, results of operations or cash flows. |
Acquisition_Activity
Acquisition Activity | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||||
Acquisition Activity | ' | ||||||||||||||||
3. Acquisition Activity | |||||||||||||||||
GS Financial Corp. On July 15, 2011, the Company acquired GSFC, the former holding company of Guaranty of Metairie, Louisiana. On the acquisition date, Home Bancorp Acquisition Corp., a newly created wholly owned subsidiary of the Company, was merged with and into GSFC, and immediately thereafter, GSFC was merged with and into the Company, with the Company as the surviving corporation, and Guaranty, the former subsidiary of GSFC, was merged with and into Home Bank, with Home Bank as the surviving institution. Shareholders of GSFC received $21.00 per share in cash, yielding an aggregate purchase price of $26,417,000. As a result of the acquisition, the four former Guaranty branches in the Greater New Orleans area were added to the Bank’s branch office network. Assets acquired from GSFC totaled $256,677,000, which included loans of $182,440,000, investment securities of $46,481,000 and cash of $9,262,000. The Bank also recorded a core deposit intangible asset of $859,000 and goodwill of $296,000 relating to the acquisition of GSFC, and assumed liabilities of $230,614,000, which included $193,518,000 in deposits and $34,707,000 in FHLB advances. | |||||||||||||||||
Acquired loans which are impaired as of the date of acquisition are accounted for under ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality. In accordance with ASC 310-30 and in estimating the fair value of the acquired loans with deteriorated credit quality as of the acquisition date, we (a) calculated the contractual amount and timing of undiscounted principal and interest payments (the “undiscounted contractual cash flows”) and (b) estimated the amount and timing of undiscounted expected principal and interest payments (the “undiscounted expected cash flows”). The difference between the undiscounted contractual cash flows and the undiscounted expected cash flows is the nonaccretable difference. The nonaccretable difference totaled $5,490,000 as of July 15, 2011 and represented an estimate of the undiscounted loss exposure in the acquired loans with deteriorated credit quality as of the acquisition date. | |||||||||||||||||
The following table summarizes the accretable yield on the loans acquired from GSFC with deteriorated credit quality as of July 15, 2011 and the changes therein through December 31, 2013. | |||||||||||||||||
(dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||||||
Balance, beginning of period | $ | (839 | ) | $ | (644 | ) | $ | — | |||||||||
Acquisition accretable yield | — | — | (1,169 | ) | |||||||||||||
Accretion | 133 | 966 | 525 | ||||||||||||||
Net transfers from nonaccretable difference to accretable yield | (575 | ) | (1,161 | ) | — | ||||||||||||
Balance, end of period | $ | (1,281 | ) | $ | (839 | ) | $ | (644 | ) | ||||||||
As of December 31, 2013, the weighted average remaining contractual life of the loan portfolio acquired with deteriorated credit quality from GSFC was 8.2 years. | |||||||||||||||||
Statewide Bank | |||||||||||||||||
On March 12, 2010, the Bank acquired certain assets and liabilities of the former Statewide Bank, a full-service community bank formerly headquartered in Covington, Louisiana, from the FDIC. As a result of the Statewide acquisition, the Bank’s branch office network was expanded to include six branches in the Northshore (of Lake Pontchartrain) region of Louisiana. Assets acquired in the Statewide transaction totaled $188,026,000, which included loans of $110,415,000, investment securities of $24,841,000 and cash of $11,569,000. In addition, the Bank recorded an FDIC Asset, representing the portion of estimated losses covered by loss sharing agreements between the Bank and the FDIC, of $34,422,000. The loss sharing agreements between the Bank and the FDIC afford us significant protection against future losses in the loan portfolio and repossessed assets acquired in the Statewide transaction. The Bank also recorded a core deposit intangible asset of $1,429,000 and goodwill of $560,000 relating to the Statewide acquisition, and assumed liabilities of $223,910,000, which included $206,925,000 in deposits and $16,824,000 in FHLB advances. | |||||||||||||||||
The following table summarizes the accretable yield on the Covered Loans as of March 12, 2010 and the changes therein through December 31, 2013. | |||||||||||||||||
(dollars in thousands) | 2013 | 2012 | 2011 | 2010 | |||||||||||||
Balance, beginning of period | $ | (3,973 | ) | $ | (8,550 | ) | $ | (5,505 | ) | $ | — | ||||||
Acquisition accretable yield | — | — | — | (11,110 | ) | ||||||||||||
Accretion | 5,417 | 4,613 | 5,170 | 5,605 | |||||||||||||
Net transfers from nonaccretable difference to accretable yield | (3,578 | ) | (36 | ) | (8,215 | ) | — | ||||||||||
Balance, end of period | $ | (2,134 | ) | $ | (3,973 | ) | $ | (8,550 | ) | $ | (5,505 | ) | |||||
As of December 31, 2013, the weighted average remaining contractual life of the Covered Loan portfolio was 3.8 years. | |||||||||||||||||
Over the life of the Covered Loans, the Company will continue to estimate cash flows expected to be collected on pools of loans sharing common risk characteristics. The Company will evaluate whether the present value of Covered Loans has decreased and if so, a provision for loan loss will be recognized. For any increases in cash flows expected to be collected, the Company will adjust the amount of accretable yield recognized on a prospective basis over the remaining life of the applicable loan or pool of loans. During the year ended December 31, 2013, there was an aggregate $3,578,000 increase in expected cash flows from the Covered Loans acquired from Statewide over the amounts originally estimated. Such amount was recorded as an increase in the accretable yield to be recognized in interest income in future periods and a decrease to the nonaccretable yield. | |||||||||||||||||
The FDIC loss sharing receivable (“FDIC Asset”) is measured separately from the related Covered Assets. Deterioration in the credit quality of the loans (immediately recorded as a provision to the allowance for loan losses) would immediately increase the basis of the FDIC Asset, with the offset recorded through the consolidated statement of income. Increases in the credit quality or cash flows of loans (reflected as an adjustment to yield and accreted into income over the remaining life of the loans) decrease the basis of the FDIC Asset, with such decrease being accreted into income over 1) the same period or 2) the life of the loss sharing agreements, whichever is shorter. |
Investment_Securities
Investment Securities | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||
Investment Securities | ' | ||||||||||||||||||||
4. Investment Securities | |||||||||||||||||||||
Summary information regarding investment securities classified as available for sale and held to maturity as of December 31, 2013 and 2012 follows. | |||||||||||||||||||||
(dollars in thousands) | Amortized | Gross | Gross Unrealized | Fair Value | |||||||||||||||||
Cost | Unrealized | Losses | |||||||||||||||||||
Gains | |||||||||||||||||||||
Less Than | Over 1 | ||||||||||||||||||||
1 Year | Year | ||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
Available for sale: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 96,145 | $ | 1,765 | $ | 909 | $ | 216 | $ | 96,785 | |||||||||||
Non-U.S. agency mortgage-backed | 9,765 | 58 | 31 | 43 | 9,749 | ||||||||||||||||
Municipal bonds | 19,879 | 318 | 279 | 119 | 19,799 | ||||||||||||||||
U.S. government agency | 23,543 | 236 | 480 | — | 23,299 | ||||||||||||||||
Total available for sale | $ | 149,332 | $ | 2,377 | $ | 1,699 | $ | 378 | $ | 149,632 | |||||||||||
Held to maturity: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 132 | $ | 1 | $ | — | $ | — | $ | 133 | |||||||||||
Municipal bonds | 9,273 | 67 | 198 | — | 9,142 | ||||||||||||||||
Total held to maturity | $ | 9,405 | $ | 68 | $ | 198 | $ | — | $ | 9,275 | |||||||||||
(dollars in thousands) | Amortized | Gross | Gross Unrealized | Fair Value | |||||||||||||||||
Cost | Unrealized | Losses | |||||||||||||||||||
Gains | |||||||||||||||||||||
Less Than | Over 1 | ||||||||||||||||||||
1 Year | Year | ||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Available for sale: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 99,137 | $ | 3,391 | $ | 14 | $ | 1 | $ | 102,513 | |||||||||||
Non-U.S. agency mortgage-backed | 12,426 | 280 | — | 38 | 12,668 | ||||||||||||||||
Municipal bonds | 16,843 | 774 | 32 | — | 17,585 | ||||||||||||||||
U.S. government agency | 23,944 | 553 | 7 | — | 24,490 | ||||||||||||||||
Total available for sale | $ | 152,350 | $ | 4,998 | $ | 53 | $ | 39 | $ | 157,256 | |||||||||||
Held to maturity: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 693 | $ | 13 | $ | — | $ | — | $ | 706 | |||||||||||
Municipal bonds | 972 | 68 | — | — | 1,040 | ||||||||||||||||
Total held to maturity | $ | 1,665 | $ | 81 | $ | — | $ | — | $ | 1,746 | |||||||||||
Management evaluates securities for other-than-temporary impairment at least quarterly, and more frequently when economic and market conditions warrant such evaluations. Consideration is given to (1) the extent and length of time the fair value has been below cost; (2) the reasons for the decline in value; (3) the Company’s intent to sell a security or whether it is more likely than not we will be required to sell the security before the recovery of its amortized cost, which may extend to maturity and our ability and intent to hold the security for a period of time that allows for the recovery in value in the case of equity securities. | |||||||||||||||||||||
The Company developed a process to identify securities that could potentially have a credit impairment that is other-than-temporary. This process involves evaluating each security for impairment by monitoring credit performance, collateral type, collateral geography, bond credit support, loan-to-value ratios, credit scores, loss severity levels, pricing levels, downgrades by rating agencies, cash flow projections and other factors as indicators of potential credit issues. When the Company determines that a security is deemed to be other than temporarily impaired, an impairment loss is recognized. | |||||||||||||||||||||
As of December 31, 2013, 64 debt securities had unrealized losses totaling 3.3% of the individual securities’ amortized cost basis and 1.4% of the Company’s total amortized cost basis of the investment securities portfolio. Nine of the 64 securities had been in a continuous loss position for over 12 months at such date. The nine securities had an aggregate amortized cost basis and unrealized loss of $7,478,000 and $378,000, respectively, at December 31, 2013. Management has the intent and ability to hold these debt securities until maturity, or until anticipated recovery. No declines in these 64 securities were deemed to be other-than-temporary. | |||||||||||||||||||||
As of December 31, 2012, 16 debt securities had unrealized losses totaling 0.7% of the individual securities’ amortized cost basis and 0.1% of the Company’s total amortized cost basis of the investment securities portfolio. Five of the 16 securities had been in a continuous loss position for over 12 months at such date. The five securities had an aggregate amortized cost basis and unrealized loss of $2,653,000 and $39,000, respectively, at December 31, 2012. Management has the intent and ability to hold these debt securities until maturity, or until anticipated recovery. No declines in these five securities were deemed to be other-than-temporary. | |||||||||||||||||||||
The amortized cost and estimated fair value by maturity of investment securities as of December 31, 2013 are shown in the following tables. Securities are classified according to their contractual maturities without consideration of principal amortization, potential prepayments or call options. The expected maturity of a security, may differ from its contractual maturity because of the exercise of call options and potential paydowns. Accordingly, actual maturities may differ from contractual maturities. | |||||||||||||||||||||
(dollars in thousands) | One Year | After One | After Five | After Ten | Total | ||||||||||||||||
or Less | Year through | Years through | Years | ||||||||||||||||||
Five Years | Ten Years | ||||||||||||||||||||
Fair Value | |||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 113 | $ | 231 | $ | 15,665 | $ | 80,776 | $ | 96,785 | |||||||||||
Non-U.S. agency mortgage-backed | — | — | — | 9,749 | 9,749 | ||||||||||||||||
Municipal bonds | 503 | 4,858 | 11,574 | 2,864 | 19,799 | ||||||||||||||||
U.S. government agency | 2,512 | 5,293 | 10,510 | 4,984 | 23,299 | ||||||||||||||||
Total securities available for sale | $ | 3,128 | $ | 10,382 | $ | 37,749 | $ | 98,373 | $ | 149,632 | |||||||||||
Securities held to maturity: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 133 | $ | — | $ | — | $ | — | $ | 133 | |||||||||||
Municipal bonds | 216 | 797 | 6,886 | 1,243 | 9,142 | ||||||||||||||||
Total securities held to maturity | $ | 349 | $ | 797 | $ | 6,886 | $ | 1,243 | $ | 9,275 | |||||||||||
(dollars in thousands) | One Year | After One | After Five | After | Total | ||||||||||||||||
or Less | Year through | Years through | Ten Years | ||||||||||||||||||
Five Years | Ten Years | ||||||||||||||||||||
Amortized Cost | |||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 108 | $ | 214 | $ | 15,696 | $ | 80,127 | $ | 96,145 | |||||||||||
Non-U.S. agency mortgage-backed | — | — | — | 9,765 | 9,765 | ||||||||||||||||
Municipal bonds | 503 | 4,743 | 11,761 | 2,872 | 19,879 | ||||||||||||||||
U.S. government agency | 2,500 | 5,225 | 10,990 | 4,828 | 23,543 | ||||||||||||||||
Total securities available for sale | $ | 3,111 | $ | 10,182 | $ | 38,447 | $ | 97,592 | $ | 149,332 | |||||||||||
Securities held to maturity: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 132 | $ | — | $ | — | $ | — | $ | 132 | |||||||||||
Municipal bonds | 215 | 756 | 7,041 | 1,261 | 9,273 | ||||||||||||||||
Total securities held to maturity | $ | 347 | $ | 756 | $ | 7,041 | $ | 1,261 | $ | 9,405 | |||||||||||
For the year ended December 31, 2013, the Company recorded gross gains of $428,000 and no gross losses related to the sale of investment securities. For the year ended December 31, 2012, the Company recorded gross gains of $230,000 and gross losses of $8,000 related to the sale of investment securities. | |||||||||||||||||||||
As of December 31, 2013 and 2012, the Company had accrued interest receivable for investment securities of $679,000 and $565,000, respectively. | |||||||||||||||||||||
As of December 31, 2013 and 2012, the Company had $43,977,000 and $41,462,000, respectively, of securities pledged to secure public deposits. |
Loans
Loans | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||
Loans | ' | ||||||||||||||||||||||||||||||||
5. Loans | |||||||||||||||||||||||||||||||||
Loans, including Covered Loans and net of unearned income, consisted of the following as of December 31 of the years indicated. | |||||||||||||||||||||||||||||||||
(dollars in thousands) | 2013 | 2012 | |||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 179,506 | $ | 177,816 | |||||||||||||||||||||||||||||
Home equity loans and lines | 40,561 | 40,425 | |||||||||||||||||||||||||||||||
Commercial real estate | 269,849 | 252,805 | |||||||||||||||||||||||||||||||
Construction and land | 83,271 | 75,529 | |||||||||||||||||||||||||||||||
Multi-family residential | 16,578 | 19,659 | |||||||||||||||||||||||||||||||
Total real estate loans | 589,765 | 566,234 | |||||||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | 77,533 | 72,253 | |||||||||||||||||||||||||||||||
Consumer | 40,158 | 34,641 | |||||||||||||||||||||||||||||||
Total other loans | 117,691 | 106,894 | |||||||||||||||||||||||||||||||
Total loans | $ | 707,456 | $ | 673,128 | |||||||||||||||||||||||||||||
A summary of activity in the allowance for loan losses for the years ended December 31, 2013, 2012 and 2011 is as follows. | |||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2013 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | Beginning | Charge-offs | Recoveries | Provision | Ending | ||||||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 798 | $ | (76 | ) | $ | — | $ | 182 | $ | 904 | ||||||||||||||||||||||
Home equity loans and lines | 322 | — | 10 | 34 | 366 | ||||||||||||||||||||||||||||
Commercial real estate | 2,040 | — | — | 487 | 2,528 | ||||||||||||||||||||||||||||
Construction and land | 785 | (44 | ) | 10 | 226 | 977 | |||||||||||||||||||||||||||
Multi-family residential | 86 | — | — | 4 | 90 | ||||||||||||||||||||||||||||
Commercial and industrial | 683 | (1,990 | ) | 57 | 2,582 | 1,332 | |||||||||||||||||||||||||||
Consumer | 400 | (9 | ) | 24 | 58 | 473 | |||||||||||||||||||||||||||
Total allowance for loan losses | $ | 5,114 | $ | (2,119 | ) | $ | 101 | $ | 3,574 | $ | 6,670 | ||||||||||||||||||||||
Non-covered acquired loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 184 | $ | (36 | ) | $ | — | $ | 36 | $ | 184 | ||||||||||||||||||||||
Home equity loans and lines | 21 | — | — | 37 | 58 | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | ||||||||||||||||||||||||||||
Construction and land | — | — | — | — | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | 6 | 6 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | 205 | $ | (36 | ) | $ | — | $ | 79 | $ | 248 | ||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | ||||||||||||||||||||||||||||
Construction and land | — | — | — | — | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 982 | $ | (112 | ) | $ | — | $ | 218 | $ | 1,088 | ||||||||||||||||||||||
Home equity loans and lines | 343 | — | 10 | 71 | 424 | ||||||||||||||||||||||||||||
Commercial real estate | 2,040 | — | — | 488 | 2,528 | ||||||||||||||||||||||||||||
Construction and land | 785 | (44 | ) | 10 | 226 | 977 | |||||||||||||||||||||||||||
Multi-family residential | 86 | — | — | 4 | 90 | ||||||||||||||||||||||||||||
Commercial and industrial | 683 | (1,990 | ) | 57 | 2,588 | 1,338 | |||||||||||||||||||||||||||
Consumer | 400 | (9 | ) | 24 | 58 | 473 | |||||||||||||||||||||||||||
Total allowance for loan losses | $ | 5,319 | $ | (2,155 | ) | $ | 101 | $ | 3,653 | $ | 6,918 | ||||||||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | Beginning | Charge-offs | Recoveries | Provision | Ending | ||||||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 778 | $ | — | $ | — | $ | 20 | $ | 798 | |||||||||||||||||||||||
Home equity loans and lines | 336 | (32 | ) | 15 | 3 | 322 | |||||||||||||||||||||||||||
Commercial real estate | 1,755 | (1,980 | ) | 94 | 2,171 | 2,040 | |||||||||||||||||||||||||||
Construction and land | 904 | (215 | ) | — | 96 | 785 | |||||||||||||||||||||||||||
Multi-family residential | 64 | — | — | 22 | 86 | ||||||||||||||||||||||||||||
Commercial and industrial | 872 | (60 | ) | 6 | (135 | ) | 683 | ||||||||||||||||||||||||||
Consumer | 345 | (38 | ) | 14 | 79 | 400 | |||||||||||||||||||||||||||
Total allowance for loan losses | $ | 5,054 | $ | (2,325 | ) | $ | 129 | $ | 2,256 | $ | 5,114 | ||||||||||||||||||||||
Non-covered acquired loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | — | $ | 184 | $ | 184 | |||||||||||||||||||||||
Home equity loans and lines | — | — | — | 21 | 21 | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | ||||||||||||||||||||||||||||
Construction and land | — | — | — | — | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | — | $ | — | $ | — | $ | 205 | $ | 205 | |||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | ||||||||||||||||||||||||||||
Construction and land | — | — | — | — | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial and industrial | 50 | — | — | (50 | ) | — | |||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | 50 | $ | — | $ | — | $ | (50 | ) | $ | — | ||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 778 | $ | — | $ | — | $ | 204 | $ | 982 | |||||||||||||||||||||||
Home equity loans and lines | 336 | (32 | ) | 15 | 24 | 343 | |||||||||||||||||||||||||||
Commercial real estate | 1,755 | (1,980 | ) | 94 | 2,171 | 2,040 | |||||||||||||||||||||||||||
Construction and land | 904 | (215 | ) | — | 96 | 785 | |||||||||||||||||||||||||||
Multi-family residential | 64 | — | — | 22 | 86 | ||||||||||||||||||||||||||||
Commercial and industrial | 922 | (60 | ) | 6 | (185 | ) | 683 | ||||||||||||||||||||||||||
Consumer | 345 | (38 | ) | 14 | 79 | 400 | |||||||||||||||||||||||||||
Total allowance for loan losses | $ | 5,104 | $ | (2,325 | ) | $ | 129 | $ | 2,411 | $ | 5,319 | ||||||||||||||||||||||
For the Year Ended December 31, 2011 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | Beginning | Charge-offs | Recoveries | Provision | Ending | ||||||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 641 | $ | — | $ | 16 | $ | 121 | $ | 778 | |||||||||||||||||||||||
Home equity loans and lines | 296 | — | — | 40 | 336 | ||||||||||||||||||||||||||||
Commercial real estate | 1,258 | — | 6 | 491 | 1,755 | ||||||||||||||||||||||||||||
Construction and land | 666 | — | — | 238 | 904 | ||||||||||||||||||||||||||||
Multi-family residential | 46 | — | — | 18 | 64 | ||||||||||||||||||||||||||||
Commercial and industrial | 746 | (281 | ) | 25 | 382 | 872 | |||||||||||||||||||||||||||
Consumer | 267 | (53 | ) | 11 | 120 | 345 | |||||||||||||||||||||||||||
Total allowance for loan losses | $ | 3,920 | $ | (334 | ) | $ | 58 | $ | 1,410 | $ | 5,054 | ||||||||||||||||||||||
Non-covered acquired loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | ||||||||||||||||||||||||||||
Construction and land | — | — | — | — | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | ||||||||||||||||||||||||||||
Construction and land | — | — | — | — | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | 50 | 50 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | — | $ | — | $ | — | $ | 50 | $ | 50 | |||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 641 | $ | — | $ | 16 | $ | 121 | $ | 778 | |||||||||||||||||||||||
Home equity loans and lines | 296 | — | — | 40 | 336 | ||||||||||||||||||||||||||||
Commercial real estate | 1,258 | — | 6 | 491 | 1,755 | ||||||||||||||||||||||||||||
Construction and land | 666 | — | — | 238 | 904 | ||||||||||||||||||||||||||||
Multi-family residential | 46 | — | — | 18 | 64 | ||||||||||||||||||||||||||||
Commercial and industrial | 746 | (281 | ) | 25 | 432 | 922 | |||||||||||||||||||||||||||
Consumer | 267 | (53 | ) | 11 | 120 | 345 | |||||||||||||||||||||||||||
Total allowance for loan losses | $ | 3,920 | $ | (334 | ) | $ | 58 | $ | 1,460 | $ | 5,104 | ||||||||||||||||||||||
The allowance for loan losses and recorded investment in loans as of the periods indicated is as follows. | |||||||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||||||
Originated Loans | Acquired Loans | ||||||||||||||||||||||||||||||||
(dollars in thousands) | Collectively | Individually | Non-covered | Covered Loans | Total | ||||||||||||||||||||||||||||
Evaluated for | Evaluated for | Acquired | |||||||||||||||||||||||||||||||
Impairment | Impairment | Loans(1) | |||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 904 | $ | — | $ | 184 | $ | — | $ | 1,088 | |||||||||||||||||||||||
Home equity loans and lines | 366 | — | 58 | — | 424 | ||||||||||||||||||||||||||||
Commercial real estate | 2,528 | — | — | — | 2,528 | ||||||||||||||||||||||||||||
Construction and land | 977 | — | — | — | 977 | ||||||||||||||||||||||||||||
Multi-family residential | 90 | — | — | — | 90 | ||||||||||||||||||||||||||||
Commercial and industrial | 850 | 482 | 6 | — | 1,338 | ||||||||||||||||||||||||||||
Consumer | 473 | — | — | — | 473 | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | 6,188 | $ | 482 | $ | 248 | $ | — | $ | 6,918 | |||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||||||
Originated Loans | Acquired Loans | ||||||||||||||||||||||||||||||||
(dollars in thousands) | Collectively | Individually | Non-covered | Covered Loans | Total | ||||||||||||||||||||||||||||
Evaluated for | Evaluated for | Acquired | |||||||||||||||||||||||||||||||
Impairment | Impairment | Loans(1) | |||||||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 137,685 | $ | 386 | $ | 37,084 | $ | 4,351 | $ | 179,506 | |||||||||||||||||||||||
Home equity loans and lines | 30,422 | 3 | 7,798 | 2,338 | 40,561 | ||||||||||||||||||||||||||||
Commercial real estate | 225,356 | 360 | 32,945 | 11,188 | 269,849 | ||||||||||||||||||||||||||||
Construction and land | 79,771 | — | 2,096 | 1,404 | 83,271 | ||||||||||||||||||||||||||||
Multi-family residential | 7,778 | — | 7,678 | 1,122 | 16,578 | ||||||||||||||||||||||||||||
Commercial and industrial | 72,003 | 1,831 | 2,428 | 1,271 | 77,533 | ||||||||||||||||||||||||||||
Consumer | 39,661 | — | 497 | — | 40,158 | ||||||||||||||||||||||||||||
Total loans | $ | 592,676 | $ | 2,580 | $ | 90,526 | $ | 21,674 | $ | 707,456 | |||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Originated Loans | Acquired Loans | ||||||||||||||||||||||||||||||||
(dollars in thousands) | Collectively | Individually | Non-covered | Covered Loans | Total | ||||||||||||||||||||||||||||
Evaluated for | Evaluated for | Acquired | |||||||||||||||||||||||||||||||
Impairment | Impairment | Loans(1) | |||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 749 | $ | 49 | $ | 184 | $ | — | $ | 982 | |||||||||||||||||||||||
Home equity loans and lines | 322 | — | 21 | — | 343 | ||||||||||||||||||||||||||||
Commercial real estate | 1,906 | 134 | — | — | 2,040 | ||||||||||||||||||||||||||||
Construction and land | 785 | — | — | — | 785 | ||||||||||||||||||||||||||||
Multi-family residential | 86 | — | — | — | 86 | ||||||||||||||||||||||||||||
Commercial and industrial | 683 | — | — | — | 683 | ||||||||||||||||||||||||||||
Consumer | 400 | — | — | — | 400 | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | 4,931 | $ | 183 | $ | 205 | $ | — | $ | 5,319 | |||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Originated Loans | Acquired Loans | ||||||||||||||||||||||||||||||||
(dollars in thousands) | Collectively | Individually | Non-covered | Covered Loans | Total | ||||||||||||||||||||||||||||
Evaluated for | Evaluated for | Acquired | |||||||||||||||||||||||||||||||
Impairment | Impairment | Loans(1) | |||||||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 115,278 | $ | 1,464 | $ | 49,943 | $ | 11,131 | $ | 177,816 | |||||||||||||||||||||||
Home equity loans and lines | 26,937 | 56 | 10,123 | 3,309 | 40,426 | ||||||||||||||||||||||||||||
Commercial real estate | 182,376 | 3,428 | 44,132 | 22,869 | 252,805 | ||||||||||||||||||||||||||||
Construction and land | 66,815 | 60 | 3,650 | 5,004 | 75,529 | ||||||||||||||||||||||||||||
Multi-family residential | 7,930 | 528 | 9,818 | 1,383 | 19,658 | ||||||||||||||||||||||||||||
Commercial and industrial | 66,321 | — | 4,469 | 1,463 | 72,253 | ||||||||||||||||||||||||||||
Consumer | 33,341 | — | 695 | 605 | 34,641 | ||||||||||||||||||||||||||||
Total loans | $ | 498,998 | $ | 5,536 | $ | 122,830 | $ | 45,764 | $ | 673,128 | |||||||||||||||||||||||
(1) | $4.6 million and $5.3 million in GSFC loans were accounted for under ASC 310-30 at December 31, 2013 and 2012, respectively. | ||||||||||||||||||||||||||||||||
Although the Company has a diversified loan portfolio, a substantial portion of the loan portfolio is collateralized by improved and unimproved real estate and is dependent on the real estate market. | |||||||||||||||||||||||||||||||||
Credit quality indicators on the Company’s loan portfolio as of the dates indicated are as follows. | |||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | Pass | Special | Substandard | Doubtful | Total | ||||||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 136,274 | $ | 265 | $ | 1,532 | $ | — | $ | 138,071 | |||||||||||||||||||||||
Home equity loans and lines | 29,962 | 149 | 314 | — | 30,425 | ||||||||||||||||||||||||||||
Commercial real estate | 218,779 | 800 | 6,137 | — | 225,716 | ||||||||||||||||||||||||||||
Construction and land | 78,297 | 147 | 1,327 | — | 79,771 | ||||||||||||||||||||||||||||
Multi-family residential | 6,902 | 876 | — | — | 7,778 | ||||||||||||||||||||||||||||
Commercial and industrial | 65,271 | 4,682 | 3,881 | — | 73,834 | ||||||||||||||||||||||||||||
Consumer | 39,336 | 48 | 277 | — | 39,661 | ||||||||||||||||||||||||||||
Total originated loans | $ | 574,821 | $ | 6,967 | $ | 13,468 | $ | — | $ | 595,256 | |||||||||||||||||||||||
Non-covered acquired loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 31,467 | $ | 119 | $ | 5,498 | $ | — | $ | 37,084 | |||||||||||||||||||||||
Home equity loans and lines | 7,226 | 198 | 374 | — | 7,798 | ||||||||||||||||||||||||||||
Commercial real estate | 30,192 | — | 2,753 | — | 32,945 | ||||||||||||||||||||||||||||
Construction and land | 1,044 | — | 1,052 | — | 2,096 | ||||||||||||||||||||||||||||
Multi-family residential | 5,397 | 33 | 2,248 | — | 7,678 | ||||||||||||||||||||||||||||
Commercial and industrial | 2,428 | — | — | — | 2,428 | ||||||||||||||||||||||||||||
Consumer | 497 | — | — | — | 497 | ||||||||||||||||||||||||||||
Total non-covered acquired loans | $ | 78,251 | $ | 350 | $ | 11,925 | $ | — | $ | 90,526 | |||||||||||||||||||||||
Covered: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 3,108 | $ | 151 | $ | 1,092 | $ | — | $ | 4,351 | |||||||||||||||||||||||
Home equity loans and lines | 2,084 | 21 | 233 | — | 2,338 | ||||||||||||||||||||||||||||
Commercial real estate | 9,702 | 249 | 1,237 | — | 11,188 | ||||||||||||||||||||||||||||
Construction and land | 1,247 | 64 | 93 | — | 1,404 | ||||||||||||||||||||||||||||
Multi-family residential | 206 | 916 | — | — | 1,122 | ||||||||||||||||||||||||||||
Commercial and industrial | 451 | 5 | 815 | — | 1,271 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total covered loans | $ | 16,798 | $ | 1,406 | $ | 3,470 | $ | — | $ | 21,674 | |||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 170,849 | $ | 535 | $ | 8,122 | $ | — | $ | 179,506 | |||||||||||||||||||||||
Home equity loans and lines | 39,272 | 368 | 921 | — | 40,561 | ||||||||||||||||||||||||||||
Commercial real estate | 258,673 | 1,049 | 10,127 | — | 269,849 | ||||||||||||||||||||||||||||
Construction and land | 80,588 | 211 | 2,472 | — | 83,271 | ||||||||||||||||||||||||||||
Multi-family residential | 12,505 | 1,825 | 2,248 | — | 16,578 | ||||||||||||||||||||||||||||
Commercial and industrial | 68,150 | 4,687 | 4,696 | — | 77,533 | ||||||||||||||||||||||||||||
Consumer | 39,833 | 48 | 277 | — | 40,158 | ||||||||||||||||||||||||||||
Total loans | $ | 669,870 | $ | 8,723 | $ | 28,863 | $ | — | $ | 707,456 | |||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | Pass | Special | Substandard | Doubtful | Total | ||||||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 114,278 | $ | 690 | $ | 1,774 | $ | — | $ | 116,742 | |||||||||||||||||||||||
Home equity loans and lines | 26,870 | 56 | 67 | — | 26,993 | ||||||||||||||||||||||||||||
Commercial real estate | 176,410 | 4,951 | 4,443 | — | 185,804 | ||||||||||||||||||||||||||||
Construction and land | 66,441 | 267 | 167 | — | 66,875 | ||||||||||||||||||||||||||||
Multi-family residential | 7,030 | 899 | 529 | — | 8,458 | ||||||||||||||||||||||||||||
Commercial and industrial | 63,561 | 2,590 | 170 | — | 66,321 | ||||||||||||||||||||||||||||
Consumer | 33,280 | 60 | 1 | — | 33,341 | ||||||||||||||||||||||||||||
Total originated loans | $ | 487,870 | $ | 9,513 | $ | 7,151 | $ | — | $ | 504,534 | |||||||||||||||||||||||
Non-covered acquired loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 43,673 | $ | 952 | $ | 5,318 | $ | — | $ | 49,943 | |||||||||||||||||||||||
Home equity loans and lines | 9,402 | 82 | 639 | — | 10,123 | ||||||||||||||||||||||||||||
Commercial real estate | 37,137 | 782 | 6,213 | — | 44,132 | ||||||||||||||||||||||||||||
Construction and land | 3,072 | 106 | 472 | — | 3,650 | ||||||||||||||||||||||||||||
Multi-family residential | 8,756 | 264 | 798 | — | 9,818 | ||||||||||||||||||||||||||||
Commercial and industrial | 4,424 | — | 45 | — | 4,469 | ||||||||||||||||||||||||||||
Consumer | 695 | — | — | — | 695 | ||||||||||||||||||||||||||||
Total non-covered acquired loans | $ | 107,159 | $ | 2,186 | $ | 13,485 | $ | — | $ | 122,830 | |||||||||||||||||||||||
Covered: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 8,555 | $ | 254 | $ | 2,322 | $ | — | $ | 11,131 | |||||||||||||||||||||||
Home equity loans and lines | 3,147 | 28 | 134 | — | 3,309 | ||||||||||||||||||||||||||||
Commercial real estate | 20,563 | — | 2,306 | — | 22,869 | ||||||||||||||||||||||||||||
Construction and land | 3,432 | 4 | 1,568 | — | 5,004 | ||||||||||||||||||||||||||||
Multi-family residential | 424 | 959 | — | — | 1,383 | ||||||||||||||||||||||||||||
Commercial and industrial | 577 | 5 | 881 | — | 1,463 | ||||||||||||||||||||||||||||
Consumer | 565 | 23 | 17 | — | 605 | ||||||||||||||||||||||||||||
Total covered loans | $ | 37,263 | $ | 1,273 | $ | 7,228 | $ | — | $ | 45,764 | |||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 166,506 | $ | 1,896 | $ | 9,414 | $ | — | $ | 177,816 | |||||||||||||||||||||||
Home equity loans and lines | 39,419 | 166 | 840 | — | 40,425 | ||||||||||||||||||||||||||||
Commercial real estate | 234,110 | 5,733 | 12,962 | — | 252,805 | ||||||||||||||||||||||||||||
Construction and land | 72,945 | 377 | 2,207 | — | 75,529 | ||||||||||||||||||||||||||||
Multi-family residential | 16,210 | 2,122 | 1,327 | — | 19,659 | ||||||||||||||||||||||||||||
Commercial and industrial | 68,562 | 2,595 | 1,096 | — | 72,253 | ||||||||||||||||||||||||||||
Consumer | 34,540 | 83 | 18 | — | 34,641 | ||||||||||||||||||||||||||||
Total loans | $ | 632,292 | $ | 12,972 | $ | 27,864 | $ | — | $ | 673,128 | |||||||||||||||||||||||
The above classifications follow regulatory guidelines and can generally be described as follows: | |||||||||||||||||||||||||||||||||
• | Pass loans are of satisfactory quality. | ||||||||||||||||||||||||||||||||
• | Special mention loans have an existing weakness that could cause future impairment, including the deterioration of financial ratios, past due status, questionable management capabilities and possible reduction in the collateral values. | ||||||||||||||||||||||||||||||||
• | Substandard loans have an existing specific and well defined weakness that may include poor liquidity and deterioration of financial ratios. The loan may be past due and related deposit accounts experiencing overdrafts. Immediate corrective action is necessary. | ||||||||||||||||||||||||||||||||
• | Doubtful loans have specific weaknesses that are severe enough to make collection or liquidation in full highly questionable and improbable. | ||||||||||||||||||||||||||||||||
In addition, residential loans are classified using an inter-regulatory agency methodology that incorporates, among other factors, the extent of delinquencies and loan-to-value ratios. These classifications were the most current available as of December 31, 2013 and were generally updated within the last three months. Loans acquired with deteriorated credit quality are excluded from the schedule of credit quality indicators. | |||||||||||||||||||||||||||||||||
Age analysis of past due loans, as of the dates indicated is as follows. | |||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | 30-59 | 60-89 | Greater | Total | Current | Total | |||||||||||||||||||||||||||
Days | Days | Than 90 | Past Due | Loans | Loans | ||||||||||||||||||||||||||||
Past Due | Past Due | Days | |||||||||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 1,726 | $ | 272 | $ | 290 | $ | 2,288 | $ | 135,783 | $ | 138,071 | |||||||||||||||||||||
Home equity loans and lines | 36 | 111 | 66 | 213 | 30,212 | 30,425 | |||||||||||||||||||||||||||
Commercial real estate | 571 | — | 1,257 | 1,828 | 223,888 | 225,716 | |||||||||||||||||||||||||||
Construction and land | 406 | 1 | 83 | 490 | 79,281 | 79,771 | |||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | 7,778 | 7,778 | |||||||||||||||||||||||||||
Total real estate loans | 2,739 | 384 | 1,696 | 4,819 | 476,942 | 481,761 | |||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | 2,026 | 3,243 | 182 | 5,451 | 68,383 | 73,834 | |||||||||||||||||||||||||||
Consumer | 514 | 262 | 277 | 1,053 | 38,608 | 39,661 | |||||||||||||||||||||||||||
Total other loans | 2,540 | 3,505 | 459 | 6,504 | 106,991 | 113,495 | |||||||||||||||||||||||||||
Total originated loans | $ | 5,279 | $ | 3,889 | $ | 2,155 | $ | 11,323 | $ | 583,933 | $ | 595,256 | |||||||||||||||||||||
Non-covered acquired loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 884 | $ | 658 | $ | 3,457 | $ | 4,999 | $ | 32,085 | $ | 37,084 | |||||||||||||||||||||
Home equity loans and lines | 50 | — | 174 | 224 | 7,574 | 7,798 | |||||||||||||||||||||||||||
Commercial real estate | 239 | 241 | 2,753 | 3,233 | 29,712 | 32,945 | |||||||||||||||||||||||||||
Construction and land | 8 | — | 1,052 | 1,060 | 1,036 | 2,096 | |||||||||||||||||||||||||||
Multi-family residential | 879 | — | 987 | 1,866 | 5,812 | 7,678 | |||||||||||||||||||||||||||
Total real estate loans | 2,060 | 899 | 8,423 | 11,382 | 76,219 | 87,601 | |||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | 2,428 | 2,428 | |||||||||||||||||||||||||||
Consumer | — | — | — | — | 497 | 497 | |||||||||||||||||||||||||||
Total other loans | — | — | — | — | 2,925 | 2,925 | |||||||||||||||||||||||||||
Total non-covered acquired loans | $ | 2,060 | $ | 899 | $ | 8,423 | $ | 11,382 | $ | 79,144 | $ | 90,526 | |||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 588 | $ | 319 | $ | 864 | $ | 1,771 | $ | 2,580 | $ | 4,351 | |||||||||||||||||||||
Home equity loans and lines | 161 | 51 | 146 | 358 | 1,980 | 2,338 | |||||||||||||||||||||||||||
Commercial real estate | 459 | — | 701 | 1,160 | 10,028 | 11,188 | |||||||||||||||||||||||||||
Construction and land | 11 | 27 | 10 | 48 | 1,356 | 1,404 | |||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | 1,122 | 1,122 | |||||||||||||||||||||||||||
Total real estate loans | 1,219 | 397 | 1,721 | 3,337 | 17,066 | 20,403 | |||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | 5 | 109 | 62 | 176 | 1,095 | 1,271 | |||||||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total other loans | 5 | 109 | 62 | 176 | 1,095 | 1,271 | |||||||||||||||||||||||||||
Total covered loans | $ | 1,224 | $ | 506 | $ | 1,783 | $ | 3,513 | $ | 18,161 | $ | 21,674 | |||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 3,198 | $ | 1,249 | $ | 4,611 | $ | 9,058 | $ | 170,448 | $ | 179,506 | |||||||||||||||||||||
Home equity loans and lines | 247 | 162 | 386 | 795 | 39,766 | 40,561 | |||||||||||||||||||||||||||
Commercial real estate | 1,269 | 241 | 4,711 | 6,221 | 263,628 | 269,849 | |||||||||||||||||||||||||||
Construction and land | 425 | 28 | 1,145 | 1,598 | 81,673 | 83,271 | |||||||||||||||||||||||||||
Multi-family residential | 879 | — | 987 | 1,866 | 14,712 | 16,578 | |||||||||||||||||||||||||||
Total real estate loans | 6,018 | 1,680 | 11,840 | 19,538 | 570,227 | 589,765 | |||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | 2,031 | 3,352 | 244 | 5,627 | 71,906 | 77,533 | |||||||||||||||||||||||||||
Consumer | 514 | 262 | 277 | 1,053 | 39,105 | 40,158 | |||||||||||||||||||||||||||
Total other loans | 2,545 | 3,614 | 521 | 6,680 | 111,011 | 117,691 | |||||||||||||||||||||||||||
Total loans | $ | 8,563 | $ | 5,294 | $ | 12,361 | $ | 26,218 | $ | 681,238 | $ | 707,456 | |||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | 30-59 | 60-89 | Greater | Total | Current | Total | |||||||||||||||||||||||||||
Days | Days | Than 90 | Past Due | Loans | Loans | ||||||||||||||||||||||||||||
Past Due | Past Due | Days | |||||||||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 2,241 | $ | 236 | $ | 20 | $ | 2,497 | $ | 114,245 | $ | 116,742 | |||||||||||||||||||||
Home equity loans and lines | 62 | 17 | — | 79 | 26,914 | 26,993 | |||||||||||||||||||||||||||
Commercial real estate | 1,008 | 757 | 511 | 2,276 | 183,528 | 185,804 | |||||||||||||||||||||||||||
Construction and land | 285 | — | 167 | 452 | 66,423 | 66,875 | |||||||||||||||||||||||||||
Multi-family residential | 220 | — | 529 | 749 | 7,709 | 8,458 | |||||||||||||||||||||||||||
Total real estate loans | 3,816 | 1,010 | 1,227 | 6,053 | 398,819 | 404,872 | |||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | 60 | 35 | 170 | 265 | 66,056 | 66,321 | |||||||||||||||||||||||||||
Consumer | 479 | 449 | 1 | 929 | 32,412 | 33,341 | |||||||||||||||||||||||||||
Total other loans | 539 | 484 | 171 | 1,194 | 98,468 | 99,662 | |||||||||||||||||||||||||||
Total originated loans | $ | 4,355 | $ | 1,494 | $ | 1,398 | $ | 7,247 | $ | 497,287 | $ | 504,534 | |||||||||||||||||||||
Non-covered acquired loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 726 | $ | 240 | $ | 1,489 | $ | 2,455 | $ | 47,488 | $ | 49,943 | |||||||||||||||||||||
Home equity loans and lines | 54 | 98 | 147 | 299 | 9,824 | 10,123 | |||||||||||||||||||||||||||
Commercial real estate | 348 | 92 | 2,907 | 3,347 | 40,785 | 44,132 | |||||||||||||||||||||||||||
Construction and land | 577 | — | 366 | 943 | 2,707 | 3,650 | |||||||||||||||||||||||||||
Multi-family residential | 311 | — | 678 | 989 | 8,829 | 9,818 | |||||||||||||||||||||||||||
Total real estate loans | 2,016 | 430 | 5,587 | 8,033 | 109,633 | 117,666 | |||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | 48 | 65 | — | 113 | 4,356 | 4,469 | |||||||||||||||||||||||||||
Consumer | — | — | — | — | 695 | 695 | |||||||||||||||||||||||||||
Total other loans | 48 | 65 | — | 113 | 5,051 | 5,164 | |||||||||||||||||||||||||||
Total non-covered acquired loans | $ | 2,064 | $ | 495 | $ | 5,587 | $ | 8,146 | $ | 114,684 | $ | 122,830 | |||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 1,438 | $ | 1,079 | $ | 1,706 | $ | 4,223 | $ | 6,908 | $ | 11,131 | |||||||||||||||||||||
Home equity loans and lines | 294 | — | 135 | 429 | 2,880 | 3,309 | |||||||||||||||||||||||||||
Commercial real estate | 76 | 4 | 1,209 | 1,289 | 21,580 | 22,869 | |||||||||||||||||||||||||||
Construction and land | 89 | 6 | 1,249 | 1,344 | 3,660 | 5,004 | |||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | 1,383 | 1,383 | |||||||||||||||||||||||||||
Total real estate loans | 1,897 | 1,089 | 4,299 | 7,285 | 36,411 | 43,696 | |||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | — | 75 | 366 | 441 | 1,022 | 1,463 | |||||||||||||||||||||||||||
Consumer | 44 | 4 | 13 | 61 | 544 | 605 | |||||||||||||||||||||||||||
Total other loans | 44 | 79 | 379 | 502 | 1,566 | 2,068 | |||||||||||||||||||||||||||
Total covered loans | $ | 1,941 | $ | 1,168 | $ | 4,678 | $ | 7,787 | $ | 37,977 | $ | 45,764 | |||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 4,405 | $ | 1,555 | $ | 3,215 | $ | 9,175 | $ | 168,641 | $ | 177,816 | |||||||||||||||||||||
Home equity loans and lines | 410 | 115 | 282 | 807 | 39,618 | 40,425 | |||||||||||||||||||||||||||
Commercial real estate | 1,432 | 853 | 4,627 | 6,912 | 245,893 | 252,805 | |||||||||||||||||||||||||||
Construction and land | 951 | 6 | 1,782 | 2,739 | 72,790 | 75,529 | |||||||||||||||||||||||||||
Multi-family residential | 531 | — | 1,207 | 1,738 | 17,921 | 19,659 | |||||||||||||||||||||||||||
Total real estate loans | $ | 7,729 | 2,529 | 11,113 | 21,371 | 544,863 | 566,234 | ||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | 108 | 175 | 536 | 819 | 71,434 | 72,253 | |||||||||||||||||||||||||||
Consumer | 523 | 453 | 14 | 990 | 33,651 | 34,641 | |||||||||||||||||||||||||||
Total other loans | 631 | 628 | 550 | 1,809 | 105,085 | 106,894 | |||||||||||||||||||||||||||
Total loans | $ | 8,360 | $ | 3,157 | $ | 11,663 | $ | 23,180 | $ | 649,948 | $ | 673,128 | |||||||||||||||||||||
As of December 31, 2013 and 2012, the Company did not have any loans greater than 90 days past due which were accruing interest. | |||||||||||||||||||||||||||||||||
The following is a summary of information pertaining to impaired loans, excluding acquired loans, as of the dates indicated. | |||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2013 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 386 | $ | 386 | $ | — | $ | 782 | $ | 12 | |||||||||||||||||||||||
Home equity loans and lines | 3 | 3 | — | 26 | — | ||||||||||||||||||||||||||||
Commercial real estate | 360 | 360 | — | 1,336 | — | ||||||||||||||||||||||||||||
Construction and land | — | — | — | 80 | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | 325 | — | ||||||||||||||||||||||||||||
Commercial and industrial | 584 | 584 | — | 743 | 17 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total | $ | 1,333 | $ | 1,333 | $ | — | $ | 3,292 | $ | 29 | |||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | — | $ | 126 | $ | — | |||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | 102 | — | ||||||||||||||||||||||||||||
Construction and land | — | — | — | 5 | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial and industrial | 1,247 | 1,247 | 482 | 987 | 38 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total | $ | 1,247 | $ | 1,247 | $ | 482 | $ | 1,220 | $ | 38 | |||||||||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 386 | $ | 386 | $ | — | $ | 908 | $ | 12 | |||||||||||||||||||||||
Home equity loans and lines | 3 | 3 | — | 26 | — | ||||||||||||||||||||||||||||
Commercial real estate | 360 | 360 | — | 1,438 | — | ||||||||||||||||||||||||||||
Construction and land | — | — | — | 85 | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | 325 | — | ||||||||||||||||||||||||||||
Commercial and industrial | 1,831 | 1,831 | 482 | 1,730 | 55 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total | $ | 2,580 | $ | 2,580 | $ | 482 | $ | 4,512 | $ | 67 | |||||||||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 1,117 | $ | 1,117 | $ | — | $ | 956 | $ | 62 | |||||||||||||||||||||||
Home equity loans and lines | 56 | 56 | — | 71 | 2 | ||||||||||||||||||||||||||||
Commercial real estate | 2,985 | 2,985 | — | 3,451 | 100 | ||||||||||||||||||||||||||||
Construction and land | 60 | 60 | — | 631 | — | ||||||||||||||||||||||||||||
Multi-family residential | 528 | 528 | — | 528 | — | ||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | 48 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total | $ | 4,746 | $ | 4,746 | $ | — | $ | 5,685 | $ | 164 | |||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 347 | $ | 347 | $ | 49 | $ | 445 | $ | 23 | |||||||||||||||||||||||
Home equity loans and lines | — | — | — | 3 | — | ||||||||||||||||||||||||||||
Commercial real estate | 443 | 443 | 134 | 296 | 30 | ||||||||||||||||||||||||||||
Construction and land | — | — | — | 950 | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | 29 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total | $ | 790 | $ | 790 | $ | 183 | $ | 1,723 | $ | 53 | |||||||||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 1,464 | $ | 1,464 | $ | 49 | $ | 1,401 | $ | 85 | |||||||||||||||||||||||
Home equity loans and lines | 56 | 56 | — | 74 | 2 | ||||||||||||||||||||||||||||
Commercial real estate | 3,428 | 3,428 | 134 | 3,747 | 130 | ||||||||||||||||||||||||||||
Construction and land | 60 | 60 | — | 1,581 | — | ||||||||||||||||||||||||||||
Multi-family residential | 528 | 528 | — | 528 | — | ||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | 77 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total | $ | 5,536 | $ | 5,536 | $ | 183 | $ | 7,408 | $ | 217 | |||||||||||||||||||||||
A summary of information pertaining to nonaccrual loans as of December 31, 2013 and 2012 is as follows. | |||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
(dollars in thousands) | Originated | Non- | Covered | Total | Originated | Non- | Covered | Total | |||||||||||||||||||||||||
covered | covered | ||||||||||||||||||||||||||||||||
Acquired(1) | Acquired(1) | ||||||||||||||||||||||||||||||||
Nonaccrual loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 689 | $ | 4,744 | $ | 2,184 | $ | 7,617 | $ | 126 | $ | 4,518 | $ | 2,616 | $ | 7,260 | |||||||||||||||||
Home equity loans and lines | 66 | 487 | 170 | 723 | — | 149 | 135 | 284 | |||||||||||||||||||||||||
Commercial real estate | 1,939 | 3,957 | 1,221 | 7,117 | 1,187 | 4,180 | 1,617 | 6,984 | |||||||||||||||||||||||||
Construction and land | 84 | 1,307 | 440 | 1,831 | 166 | 543 | 3,404 | 4,113 | |||||||||||||||||||||||||
Multi-family residential | — | 2,248 | — | 2,248 | 529 | 798 | — | 1,327 | |||||||||||||||||||||||||
Commercial and industrial | 3,881 | — | 954 | 4,835 | 170 | — | 1,746 | 1,916 | |||||||||||||||||||||||||
Consumer | 277 | — | 111 | 388 | 1 | — | 62 | 63 | |||||||||||||||||||||||||
Total | $ | 6,936 | $ | 12,743 | $ | 5,080 | $ | 24,759 | $ | 2,179 | $ | 10,188 | $ | 9,580 | $ | 21,947 | |||||||||||||||||
(1) | Nonaccrual non-covered acquired loans accounted for under ASC 310-30 at the time of acquisition totaled $5.5 million and $3.4 million as of December 31, 2013 and 2012, respectively. | ||||||||||||||||||||||||||||||||
As of December 31, 2013, the Company was not committed to lend additional funds to any customer whose loan was classified as impaired. | |||||||||||||||||||||||||||||||||
As of December 31, 2013 and 2012, the Company had accrued interest receivable for loans of $2,553,000 and $2,708,000, respectively. | |||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||
During the course of its lending operations, the Company periodically grants concessions to its customers in an attempt to protect as much of its investment as possible and to minimize risk of loss. These concessions may include restructuring the terms of a customer loan to alleviate the burden of the customer’s near-term cash requirements. Effective January 1, 2011, the Company adopted the provisions of ASU No. 2011-02, Receivables (Topic 310): A Creditor’s Determination of Whether a Restructuring is a Troubled Debt Restructuring, which provides clarification on the determination of whether loan restructurings are considered troubled debt restructurings (“TDRs”). In accordance with the ASU, in order to be considered a TDR, the Company must conclude that the restructuring of a loan to a borrower who is experiencing financial difficulties constitutes a “concession”. The Company defines a concession as a modification of existing terms granted to a borrower for economic or legal reasons related to the borrower’s financial difficulties that the Company would otherwise not consider. The concession is either granted through an agreement with the customer or is imposed by a court or by a law. Concessions include modifying original loan terms to reduce or defer cash payments required as part of the loan agreement, including but not limited to: | |||||||||||||||||||||||||||||||||
• | a reduction of the stated interest rate for the remaining original life of the debt, | ||||||||||||||||||||||||||||||||
• | an extension of the maturity date or dates at an interest rate lower than the current market rate for new debt with similar risk characteristics, | ||||||||||||||||||||||||||||||||
• | a reduction of the face amount or maturity amount of the debt, or | ||||||||||||||||||||||||||||||||
• | a reduction of accrued interest receivable on the debt. | ||||||||||||||||||||||||||||||||
In its determination of whether the customer is experiencing financial difficulties, the Company considers numerous indicators, including, but not limited to: | |||||||||||||||||||||||||||||||||
• | whether the customer is currently in default on its existing loan, or is in an economic position where it is probable the customer will be in default on its loan in the foreseeable future without a modification, | ||||||||||||||||||||||||||||||||
• | whether the customer has declared or is in the process of declaring bankruptcy, | ||||||||||||||||||||||||||||||||
• | whether there is substantial doubt about the customer’s ability to continue as a going concern, | ||||||||||||||||||||||||||||||||
• | whether, based on its projections of the customer’s current capabilities, the Company believes the customer’s future cash flows will be insufficient to service the debt, including interest, in accordance with the contractual terms of the existing agreement for the foreseeable future, and | ||||||||||||||||||||||||||||||||
• | whether, without modification, the customer cannot obtain sufficient funds from other sources at an effective interest rate equal to the current market rate for similar debt for a non-troubled debtor. | ||||||||||||||||||||||||||||||||
If the Company concludes that both a concession has been granted and the concession was granted to a customer experiencing financial difficulties, the Company identifies the loan as a TDR. For purposes of the determination of an allowance for loan losses on TDRs, such loans are reviewed for specific impairment in accordance with the Company’s allowance for loan loss methodology. If it is determined that losses are probable on such TDRs, either because of delinquency or other credit quality indicators, the Company specifically allocates a portion of the allowance for loan losses to these loans. | |||||||||||||||||||||||||||||||||
Information about the Company’s TDRs is presented in the following tables. | |||||||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | Current | Past Due | Nonaccrual | Total | |||||||||||||||||||||||||||||
Greater Than | TDRs | TDRs(1) | |||||||||||||||||||||||||||||||
30 Days | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | 296 | $ | 296 | |||||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | 275 | — | 111 | 386 | |||||||||||||||||||||||||||||
Construction and land | 147 | — | — | 147 | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | |||||||||||||||||||||||||||||
Total real estate loans | 422 | — | 407 | 829 | |||||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | 3 | — | — | 3 | |||||||||||||||||||||||||||||
Total other loans | 3 | — | — | 3 | |||||||||||||||||||||||||||||
Total loans | $ | 425 | $ | — | $ | 407 | $ | 832 | |||||||||||||||||||||||||
Non-covered acquired loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | 586 | $ | 586 | |||||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | 1,046 | 1,046 | |||||||||||||||||||||||||||||
Construction and land | — | — | — | — | |||||||||||||||||||||||||||||
Multi-family residential | — | — | 676 | 676 | |||||||||||||||||||||||||||||
Total real estate loans | — | — | 2,308 | 2,308 | |||||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total other loans | — | — | — | — | |||||||||||||||||||||||||||||
Total loans | $ | — | $ | — | $ | 2,308 | $ | 2,308 | |||||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||||||
Construction and land | — | — | 392 | 392 | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | |||||||||||||||||||||||||||||
Total real estate loans | — | — | 392 | 392 | |||||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | 830 | 830 | |||||||||||||||||||||||||||||
Consumer | 5 | — | 31 | 36 | |||||||||||||||||||||||||||||
Total other loans | 5 | — | 861 | 866 | |||||||||||||||||||||||||||||
Total loans | $ | 5 | $ | — | $ | 1,253 | $ | 1,258 | |||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | 882 | $ | 882 | |||||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | 275 | — | 1,157 | 1,432 | |||||||||||||||||||||||||||||
Construction and land | 147 | — | 392 | 539 | |||||||||||||||||||||||||||||
Multi-family residential | — | — | 676 | 676 | |||||||||||||||||||||||||||||
Total real estate loans | 422 | — | 3,107 | 3,529 | |||||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | 830 | 830 | |||||||||||||||||||||||||||||
Consumer | 8 | — | 31 | 39 | |||||||||||||||||||||||||||||
Total other loans | 8 | — | 861 | 869 | |||||||||||||||||||||||||||||
Total loans | $ | 430 | $ | — | $ | 3,968 | $ | 4,398 | |||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | Current | Past Due | Nonaccrual | Total | |||||||||||||||||||||||||||||
Greater Than | TDRs | TDRs(1) | |||||||||||||||||||||||||||||||
30 Days | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | 310 | $ | — | $ | 310 | |||||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | 299 | 112 | 411 | |||||||||||||||||||||||||||||
Construction and land | 182 | — | — | 182 | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | |||||||||||||||||||||||||||||
Total real estate loans | 182 | 609 | 112 | 903 | |||||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | 5 | — | — | 5 | |||||||||||||||||||||||||||||
Consumer | 12 | — | — | 12 | |||||||||||||||||||||||||||||
Total other loans | 17 | — | — | 17 | |||||||||||||||||||||||||||||
Total loans | $ | 199 | $ | 609 | $ | 112 | $ | 920 | |||||||||||||||||||||||||
Non-covered acquired loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | 52 | $ | 52 | |||||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | 1,126 | 1,126 | |||||||||||||||||||||||||||||
Construction and land | — | — | — | — | |||||||||||||||||||||||||||||
Multi-family residential | — | — | 678 | 678 | |||||||||||||||||||||||||||||
Total real estate loans | — | — | 1,856 | 1,856 | |||||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total other loans | — | — | — | — | |||||||||||||||||||||||||||||
Total loans | $ | — | $ | — | $ | 1,856 | $ | 1,856 | |||||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||||||
Construction and land | 289 | — | — | 289 | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | |||||||||||||||||||||||||||||
Total real estate loans | 289 | — | — | 289 | |||||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | 896 | 896 | |||||||||||||||||||||||||||||
Consumer | 17 | — | — | 17 | |||||||||||||||||||||||||||||
Total other loans | 17 | — | 896 | 913 | |||||||||||||||||||||||||||||
Total loans | $ | 306 | $ | — | $ | 896 | $ | 1,202 | |||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | 310 | $ | 52 | $ | 362 | |||||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | 299 | 1,238 | 1,537 | |||||||||||||||||||||||||||||
Construction and land | 471 | — | — | 471 | |||||||||||||||||||||||||||||
Multi-family residential | — | — | 678 | 678 | |||||||||||||||||||||||||||||
Total real estate loans | 471 | 609 | 1,968 | 3,048 | |||||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | 5 | — | 896 | 901 | |||||||||||||||||||||||||||||
Consumer | 29 | — | — | 29 | |||||||||||||||||||||||||||||
Total other loans | 34 | — | 896 | 930 | |||||||||||||||||||||||||||||
Total loans | $ | 505 | $ | 609 | $ | 2,864 | $ | 3,978 | |||||||||||||||||||||||||
A summary of information pertaining to modified terms of loans, as of the date indicated is as follows. | |||||||||||||||||||||||||||||||||
As of December 31, 2013 | As of December 31, 2012 | ||||||||||||||||||||||||||||||||
(dollars in thousands) | Number | Pre- | Post- | Number | Pre- | Post- | |||||||||||||||||||||||||||
of | modification | modification | of | modification | modification | ||||||||||||||||||||||||||||
Contracts | Outstanding | Outstanding | Contracts | Outstanding | Outstanding | ||||||||||||||||||||||||||||
Recorded | Recorded | Recorded | Recorded | ||||||||||||||||||||||||||||||
Investment | Investment | Investment | Investment | ||||||||||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | 5 | $ | 1,036 | $ | 882 | 2 | $ | 365 | $ | 361 | |||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate | 3 | 1,452 | 1,432 | 3 | 1,556 | 1,537 | |||||||||||||||||||||||||||
Construction and land | 4 | 1,299 | 539 | 3 | 936 | 471 | |||||||||||||||||||||||||||
Multi-family residential | 1 | 784 | 676 | 1 | 787 | 679 | |||||||||||||||||||||||||||
Commercial and industrial | 1 | 1,174 | 830 | 2 | 1,250 | 901 | |||||||||||||||||||||||||||
Other consumer | 5 | 66 | 39 | 3 | 41 | 29 | |||||||||||||||||||||||||||
Total | 19 | $ | 5,811 | $ | 4,398 | 14 | $ | 4,935 | $ | 3,978 | |||||||||||||||||||||||
None of the other performing troubled debt restructurings as of December 31, 2013 has defaulted subsequent to the restructuring through the date the financial statements were available to be issued. The Company restructured, as a TDR, four loans totaling $707,000 during 2013. |
Loan_Servicing
Loan Servicing | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Text Block [Abstract] | ' | ||||||||||||
Loan Servicing | ' | ||||||||||||
6. Loan Servicing | |||||||||||||
Mortgage loans sold to and serviced for others are not included in the accompanying statements of financial condition. The unpaid principal balances of these loans as of December 31 of the years indicated are summarized as follows: | |||||||||||||
(dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Mortgage loans sold to Federal Home Loan Mortgage Corporation without recourse | $ | 13,325 | $ | 16,755 | $ | 23,832 | |||||||
Mortgage loans sold to Federal National Mortgage Association without recourse | 106,597 | 116,352 | 112,693 | ||||||||||
Balance, end of period | $ | 119,922 | $ | 133,107 | $ | 136,525 | |||||||
The Company records servicing assets related to mortgage loans sold and serviced at fair value and will amortize these servicing assets over the period of estimated net servicing income associated with each loan. Management assesses servicing assets for potential impairment annually. Activity related to servicing assets for the years ended December 31, 2013, 2012 and 2011 is summarized as follows. | |||||||||||||
(dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Balance at the beginning of the year | $ | 611 | $ | 545 | $ | 145 | |||||||
Recognition of servicing assets from the transfer of financial assets (1) | 101 | 261 | 529 | ||||||||||
Amortization | (196 | ) | (195 | ) | (129 | ) | |||||||
Balance, end of period | $ | 516 | $ | 611 | $ | 545 | |||||||
Fair value, end of period | $ | 1,009 | $ | 1,995 | $ | 1,811 | |||||||
(2) | Includes $404,000 acquired in 2011 from the acquisition of GSFC. | ||||||||||||
Custodial and escrow account balances maintained in connection with the foregoing loan servicing arrangements were $1,064,000 and $1,313,000 as of December 31, 2013 and 2012, respectively. |
Office_Properties_and_Equipmen
Office Properties and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Office Properties and Equipment | ' | ||||||||
7. Office Properties and Equipment | |||||||||
Office properties and equipment consisted of the following as of December 31 of the years indicated. | |||||||||
(dollars in thousands) | 2013 | 2012 | |||||||
Land | $ | 10,330 | $ | 10,330 | |||||
Buildings and improvements | 23,170 | 22,809 | |||||||
Furniture and equipment | 10,419 | 9,433 | |||||||
Total office properties and equipment | 43,919 | 42,572 | |||||||
Less accumulated depreciation | 13,216 | 11,795 | |||||||
Total office properties and equipment, net | $ | 30,703 | $ | 30,777 | |||||
Depreciation expense for the years ended December 31, 2013, 2012 and 2011 was $1,421,000, $1,452,000 and $1,299,000, respectively. |
Goodwill_and_Intangibles
Goodwill and Intangibles | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||
Goodwill and Intangibles | ' | ||||||||
8. Goodwill and Intangibles | |||||||||
The carrying amount of goodwill was $856,000 as of December 31, 2013 and 2012. | |||||||||
A summary of core deposit intangible assets as of December 31 of the years indicated follows. | |||||||||
(dollars in thousands) | 2013 | 2012 | |||||||
Gross carrying amount | $ | 1,385 | $ | 1,762 | |||||
Core deposit intangibles acquired during the year | — | — | |||||||
Less amortization | (332 | ) | (377 | ) | |||||
Total core deposit intangible asset | $ | 1,053 | $ | 1,385 | |||||
Amortization expense on the core deposit intangible assets for the years ended December 31, 2013, 2012 and 2011 was $332,000, $377,000 and $318,000, respectively. | |||||||||
The carrying amount of the mortgage servicing asset as of December 31, 2013, 2012 and 2011 was $516,000, $611,000 and $545,000, respectively. |
Deposits
Deposits | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Banking And Thrift [Abstract] | ' | ||||||||
Deposits | ' | ||||||||
9. Deposits | |||||||||
Deposits consisted of the following major classifications as of December 31 of the years indicated. | |||||||||
(dollars in thousands) | 2013 | 2012 | |||||||
Demand deposit accounts | $ | 174,475 | $ | 152,462 | |||||
Savings | 56,694 | 51,515 | |||||||
Money market accounts | 192,303 | 191,191 | |||||||
NOW accounts | 125,391 | 123,294 | |||||||
Certificates of deposit | 192,449 | 252,967 | |||||||
Total deposits | $ | 741,312 | $ | 771,429 | |||||
As of December 31, 2013, the scheduled maturities of certificates of deposit are as follows. | |||||||||
(dollars in thousands) | Amount | ||||||||
2014 | $ | 115,188 | |||||||
2015 | 49,692 | ||||||||
2016 | 7,618 | ||||||||
2017 | 4,529 | ||||||||
2018 | 1,164 | ||||||||
Thereafter | 14,258 | ||||||||
Total certificates of deposit | $ | 192,449 | |||||||
As of December 31, 2013 and 2012, the aggregate amount of certificates of deposit with balances of $100,000 or more was $83,863,000 and $119,766,000, respectively. |
Shortterm_FHLB_Advances
Short-term FHLB Advances | 12 Months Ended |
Dec. 31, 2013 | |
Text Block [Abstract] | ' |
Short-term FHLB Advances | ' |
10. Short-term FHLB Advances | |
As of December 31, 2013, short-term FHLB advances totaled $87,000,000, compared to $10,000,000 as of December 31, 2012. For the years ended December 31, 2013 and 2012, the average volume of short-term FHLB advances carried by the Company was $30,110,000 and $26,467,000, respectively. | |
Collateral for short and long-term FHLB advances is secured through a blanket lien evidenced by the Bank’s pledge of first mortgage collateral, demand deposit accounts, capital stock and certain other assets pursuant to the “Advances, Collateral Pledge and Security Agreement.” Under this collateral pledge agreement, the Bank must meet all statutory and regulatory capital standards and must meet all FHLB credit underwriting standards. Management believes that the Bank was in compliance with all such requirements as of December 31, 2013 and 2012. | |
As of December 31, 2013 and 2012, the Bank had $262,345,000 and $320,892,000, respectively, of additional FHLB advances available. |
Longterm_FHLB_Advances
Long-term FHLB Advances | 12 Months Ended |
Dec. 31, 2013 | |
Banking And Thrift [Abstract] | ' |
Long-term FHLB Advances | ' |
11. Long-term FHLB Advances | |
As of December 31, 2013 and 2012, long-term FHLB advances totaled $10,000,000 and $36,257,000, respectively. The Company has one fixed rate long-term advance outstanding as of December 31, 2013 in the amount of $10,000,000. It matures in 2017 with a rate of 3.22%. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Income Taxes | ' | ||||||||||||
12. Income Taxes | |||||||||||||
The Company files federal income tax returns on a calendar year basis. Income tax (benefit) expense for the years indicated is summarized as follows: | |||||||||||||
(dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Current | $ | 5,001 | $ | 4,281 | $ | 988 | |||||||
Deferred | (1,265 | ) | 324 | 1,647 | |||||||||
Total income tax expense | $ | 3,736 | $ | 4,605 | $ | 2,635 | |||||||
The components of the Company’s net deferred tax asset as of December 31 of the years indicated are as follows: | |||||||||||||
(dollars in thousands) | 2013 | 2012 | |||||||||||
Deferred tax assets (liabilities): | |||||||||||||
FHLB stock dividends | $ | (7 | ) | $ | 10 | ||||||||
Provision for loan losses | 2,421 | 1,809 | |||||||||||
Accumulated depreciation | (1,166 | ) | (1,204 | ) | |||||||||
Intangible assets | 311 | 203 | |||||||||||
Unrealized gain on securities available for sale | (105 | ) | (1,668 | ) | |||||||||
Discount on purchased loans | (372 | ) | (435 | ) | |||||||||
Borrowings | — | 67 | |||||||||||
Premium on purchased deposits | 9 | 34 | |||||||||||
Mortgage servicing rights | (181 | ) | (208 | ) | |||||||||
Deferred compensation | 763 | 284 | |||||||||||
Stock-based compensation | 790 | 623 | |||||||||||
Other | 1,060 | 1,116 | |||||||||||
Deferred tax asset | $ | 3,523 | $ | 631 | |||||||||
For the years ended December 31, 2013, 2012 and 2011, the provision for federal income taxes differed from the amount computed by applying the federal income tax statutory rate of 35% for the year 2013 and 34% for previous years on income from operations as indicated in the following analysis: | |||||||||||||
(dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Federal tax based on statutory rate | $ | 3,857 | $ | 4,686 | $ | 2,637 | |||||||
State tax based on statutory rate | 10 | 13 | 16 | ||||||||||
(Decrease) increase resulting from: | |||||||||||||
Effect of tax-exempt income | (294 | ) | (160 | ) | (76 | ) | |||||||
Other | 163 | 66 | 58 | ||||||||||
Income tax expense | $ | 3,736 | $ | 4,605 | $ | 2,635 | |||||||
Effective tax rate | 33.9 | % | 33.4 | % | 34 | % | |||||||
Retained earnings as of December 31, 2013, 2012 and 2011, included $5,837,000 for which no deferred federal income tax liability has been recognized. This amount represents an allocation of income to bad debt deductions for tax purposes only. Reductions of amounts so allocated for purposes other than bad debt losses would create income for tax purposes only, which would be subject to the then-current federal statutory income tax rate. The unrecorded deferred income tax liability on the above amount was $1,985,000 as of December 31, 2013, 2012 and 2011. Current accounting standards do not require the accrual of this deferred tax amount to be recorded unless it is probable that the reserve (for tax purposes) will be significantly depleted by loan losses deductible for tax purposes in the future. Based on current estimates of losses within the Company’s loan portfolio, accrual of the deferred tax liability associated with this reserve was not required as of December 31, 2013, 2012 and 2011. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||
Commitments and Contingencies | ' | ||||||||
13. Commitments and Contingencies | |||||||||
Standby letters of credit represent commitments by the Bank to meet the obligations of certain customers if called upon. The Bank normally secures its outstanding standby letters of credit with deposits from the customer. Additionally, in the normal course of business, there were various other commitments and contingent liabilities which are not reflected in the financial statements. Loan commitments are single-purpose commitments to lend which will be funded and reduced according to specified repayment schedules. Most of these commitments have maturities of less than one year. The following table summarizes our outstanding commitments to originate loans and to advance additional amounts pursuant to outstanding letters of credit, lines of credit and the undisbursed portion of construction loans as of December 31 of the years indicated. | |||||||||
Contract Amount | |||||||||
(dollars in thousands) | 2013 | 2012 | |||||||
Standby letters of credit | $ | 1,253 | $ | 2,907 | |||||
Available portion of lines of credit | 60,755 | 59,124 | |||||||
Undisbursed portion of loans in process | 72,333 | 47,678 | |||||||
Commitments to originate loans | 48,854 | 77,857 | |||||||
The Bank uses the same credit policies in making commitments as it does for on-balance-sheet instruments. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management’s credit evaluation of the customer. Collateral held varies but may include certificates of deposit, property, plant and equipment and income-producing properties. There are no commitments which present an unusual risk to the Bank, and no material losses are anticipated as a result of these transactions. |
Regulatory_Matters
Regulatory Matters | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||||||||||||||
Regulatory Matters | ' | ||||||||||||||||||||||||
14. Regulatory Matters | |||||||||||||||||||||||||
The Bank is subject to regulatory capital requirements administered by the OCC. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of its assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. | |||||||||||||||||||||||||
Dividends paid by the Bank are the primary source of funds available to the Company. Banking regulations limit the amount of dividends that may be paid without prior approval of the regulatory authorities. These restrictions for the Bank are based on the level of regulatory classified assets, prior earnings, and the ratio of equity capital to total assets. The Bank may not declare dividends without prior regulatory approval. | |||||||||||||||||||||||||
Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 capital (as defined) to average assets and risk-weighted assets (as defined). Management believes, as of December 31, 2013, that the Bank met all capital adequacy requirements to which it was subject. | |||||||||||||||||||||||||
As of December 31, 2013, the most recent notification from the OCC categorized the Bank as “well capitalized” under the OCC regulatory classification framework. To be categorized as “well capitalized,” the Bank must maintain minimum total risk-based, Tier 1 risk-based, Tier 1 leverage and tangible capital ratios as set forth in the following table. There are no conditions or events since that notification that management believes have changed the Bank’s category. | |||||||||||||||||||||||||
The Bank’s actual capital amounts and ratios are also presented in the following table. | |||||||||||||||||||||||||
(dollars in thousands) | Actual | Minimum | To Be Well | ||||||||||||||||||||||
For Capital | Capitalized | ||||||||||||||||||||||||
Adequacy | Under Prompt | ||||||||||||||||||||||||
Purposes | Corrective | ||||||||||||||||||||||||
Action | |||||||||||||||||||||||||
Provisions | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Tier 1 risk-based capital: | $ | 139,182 | 20.84 | % | $ | 26,712 | 4 | % | $ | 40,068 | 6 | % | |||||||||||||
Total risk-based capital: | 146,100 | 21.88 | % | 53,424 | 8 | % | 66,780 | 10 | % | ||||||||||||||||
Tier 1 leverage capital: | 139,182 | 14.17 | % | 14,730 | 4 | % | 49,100 | 5 | % | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Tier 1 risk-based capital: | $ | 130,002 | 20.97 | % | $ | 24,796 | 4 | % | $ | 37,195 | 6 | % | |||||||||||||
Total risk-based capital: | 135,322 | 21.83 | % | 49,593 | 8 | % | 61,991 | 10 | % | ||||||||||||||||
Tier 1 leverage capital: | 130,002 | 13.67 | % | 38,050 | 4 | % | 47,562 | 5 | % |
Benefit_Plans
Benefit Plans | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Postemployment Benefits [Abstract] | ' | ||||
Benefit Plans | ' | ||||
15. Benefit Plans | |||||
401(k) Match and Profit Sharing Plan | |||||
The Company’s 401(k) defined contribution plan allows its participants to contribute up to 75% of their pretax earnings on a tax-deferred basis up to the statutory limit, and the Company contributes a matching contribution on behalf of plan participants limited to 4% of the employees’ salaries. For the years ended December 31, 2013, 2012 and 2011, the Company made contributions of $335,000, $386,000 and $358,000, respectively, in connection with the plans, which is included in compensation and benefits expense in the accompanying statements of income. | |||||
Employee Stock Ownership Plan | |||||
In 2008, the Company established an employee stock ownership plan (“ESOP”) for the benefit of all eligible employees of the Company. The leveraged ESOP is accounted for in accordance with the requirements of ASC 718, Compensation – Stock Compensation. | |||||
Employees of the Bank who have been employed for a six-month period and who have attained age 21 are eligible to participate in the ESOP. It is anticipated that contributions will be made to the plan in amounts necessary to amortize the debt to the Company over a period of 20 years. | |||||
Under ASC 718, unearned ESOP shares are not considered outstanding and are shown as a reduction of shareholders’ equity as unearned compensation. Dividends on unallocated ESOP shares are considered to be compensation expense. The Company recognizes compensation cost equal to the fair value of the ESOP shares during the periods in which they are committed to be released. To the extent that the fair value of the Company’s ESOP shares differ from the cost of such shares, the differential is credited to shareholders’ equity. The Company receives a tax deduction equal to the cost of the shares released. As the loan is internally leveraged, the loan receivable from the ESOP to the Company is not reported as an asset nor is the debt of the ESOP shown as a Company liability. | |||||
Compensation cost related to the ESOP was $653,000, $612,000 and $520,000 for the years ended December 31, 2013, 2012 and 2011, respectively. The fair value of the unearned ESOP shares, using the closing quoted market price per share as of year-end, was approximately $9,928,000 and $10,264,000 as of December 31, 2013 and 2012, respectively. A summary of the ESOP share allocation as of December 31, 2013 follows. | |||||
Shares allocated, beginning of year | 143,578 | ||||
Shares allocated during the year | 35,710 | ||||
Shares distributed during the year | (7,341 | ) | |||
Allocated shares held by ESOP trust as of year end | 171,947 | ||||
Unallocated shares | 526,683 | ||||
Total ESOP shares | 698,630 | ||||
Salary Continuation Agreements | |||||
As a supplement to its 401(k) retirement plan, the Bank has entered into nonqualified salary continuation agreements with two executive officers of the Bank. Under his salary continuation agreement, the Chief Executive Officer (“CEO”) will be entitled to a stated annual benefit for a period of ten years upon retirement from the Bank after attaining age 62. Benefits under the agreement vest over ten years, with 50% of this benefit having vested in 2007. In the event of early retirement, the Bank shall pay the CEO his vested benefits in 120 equal monthly installments upon his attaining age 62. Upon death during active service, the Bank shall distribute to the executive’s beneficiary an amount equal to two times his fully vested normal retirement benefit, payable in monthly installments over five years. | |||||
In the event of a separation from service within 24 months following a change in control but prior to normal retirement age, the Bank shall distribute to the CEO his fully vested annual benefit in 12 equal monthly installments for ten years beginning the earlier of 24 months after separation from service or age 62. If separation from service occurs more than 24 months following a change in control, the annual benefit shall be distributed beginning at age 62. | |||||
The Bank’s nonqualified salary continuation agreement with its Chief Credit Officer provides that the executive will be entitled to a stated annual benefit for a period of ten years upon retirement from the Bank after attaining age 65, distributed monthly. In the event of early retirement, the Bank shall pay the executive his vested benefits in 120 equal monthly installments upon attaining age 65. Upon death during active service, the Bank shall distribute the fully vested normal retirement benefit to the executive’s beneficiary in 120 monthly installments. In the event of a separation from service within 24 months following a change in control but prior to normal retirement age, the Bank shall distribute to the executive the vested portion of the annual benefit in a lump sum on the first day of the month following the separation from service. Benefits are subject to a six-month delay to the extent required by applicable law. The Company had an outstanding liability totaling $958,000 and $835,000 as of December 31, 2013 and 2012, respectively, in connection with the agreements. |
Stockbased_Payment_Arrangement
Stock-based Payment Arrangements | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||||||
Stock-based Payment Arrangements | ' | ||||||||||||||||||||
16. Stock-based Payment Arrangements | |||||||||||||||||||||
The Company’s shareholders approved the 2009 Stock Option Plan (“SOP”) and the 2009 Recognition and Retention Plan (“RRP”) on May 12, 2009 to provide incentives and awards for directors, officers and other key employees of the Company and its subsidiary. These plans are administered by a committee appointed by the Board of Directors, which selects persons eligible to receive awards and determines the number of shares and/or options subject to each award, the terms, conditions and other provisions of the awards. In accordance with ASC 718, the Company adopted a fair value based method of accounting for employee stock compensation plans, whereby compensation cost is measured as of the grant date based on the fair value of the award and is recognized over the service period, which is usually the vesting period. | |||||||||||||||||||||
Stock Option Plan | |||||||||||||||||||||
The Company issues stock options under the SOP to directors, officers and other key employees. The option exercise price cannot be less than the fair value of the underlying common stock as of the date of the option grant and the maximum option term cannot exceed ten years. The stock options granted were issued with vesting periods of five years. The maximum number of shares issuable under the SOP is 892,687, subject to adjustment. As of December 31, 2013, options to acquire 850,020 shares were outstanding under the SOP. | |||||||||||||||||||||
The fair value of each option granted is estimated on the grant date using the Black-Scholes option pricing model. This model requires management to make certain assumptions, including the expected life of the option, the risk-free rate of interest, the expected volatility and the expected dividend yield. The following assumptions were made in estimating 2013 fair values: | |||||||||||||||||||||
Expected dividends | 1.5 | % | |||||||||||||||||||
Expected volatility | 32.42 | % | |||||||||||||||||||
Risk-free interest rate | 1.7 | % | |||||||||||||||||||
Expected term (in years) | 6.5 | ||||||||||||||||||||
As of December 31, 2013, there was $497,000 of unrecognized compensation cost related to stock options which is expected to be recognized over a period of 2.2 years. | |||||||||||||||||||||
For the years ended December 31, 2013, 2012 and 2011, the Company recognized $681,000, $663,000 and $626,000, respectively, in compensation cost related to stock options, which is included in compensation and benefits expense in the accompanying consolidated statements of income. | |||||||||||||||||||||
The following table represents stock option activity for the year ended December 31, 2013. | |||||||||||||||||||||
Options | Number of | Weighted- | Weighted- | Weighted- | Aggregate | ||||||||||||||||
Options | Average | Average | Average | Intrinsic Value | |||||||||||||||||
Exercise | Grant Date | Remaining | |||||||||||||||||||
Price | Fair Value | Contractual | |||||||||||||||||||
Term | |||||||||||||||||||||
(Years) | |||||||||||||||||||||
Outstanding as of January 1, 2013 | 850,520 | $ | 11.84 | $ | 3.89 | ||||||||||||||||
Granted | 17,500 | 17.67 | 5.18 | ||||||||||||||||||
Exercised | (7,900 | ) | 11.53 | 3.79 | |||||||||||||||||
Forfeited | (10,100 | ) | 15.25 | 5.23 | |||||||||||||||||
Outstanding as of December 31, 2013 | 850,020 | $ | 11.92 | $ | 3.9 | 5.7 | $ | 5,889,000 | |||||||||||||
Exercisable as of December 31, 2013 | 631,484 | $ | 11.58 | $ | 3.79 | 5.4 | $ | 4,593,000 | |||||||||||||
Recognition and Retention Plan | |||||||||||||||||||||
The Company issues restricted stock under the RRP to directors, officers and other key employees. A total of 357,075 shares of the Company’s outstanding common stock, or 4% of total shares outstanding at the time the RRP was implemented, were approved for restricted stock awards under the RRP. During 2009, the Company purchased in the open market all shares required to fund the RRP at an average cost of $11.81 per share. As of December 31, 2013, the cost of such shares held by the RRP totaled $1,018,000, which is included in the Company’s unallocated common stock held by the RRP in the consolidated statements of financial condition. | |||||||||||||||||||||
The RRP allows for the issuance of restricted stock awards that may not be sold or otherwise transferred until certain restrictions have lapsed. The holders of the restricted stock provide instructions to the trustees of the RRP as to how their restricted stock shall be voted. The unearned compensation related to these awards is amortized to compensation expense over the five-year vesting period. The total share-based compensation expense for these awards is determined based on the market price of the Company’s common stock as of the date of grant applied to the total number of shares granted and is amortized over the vesting period. As of December 31, 2013, unearned share-based compensation associated with these awards totaled $493,000. | |||||||||||||||||||||
For the years ended December 31, 2013, 2012 and 2011, the Company recognized $793,000, $802,000 and $771,000, respectively, in compensation cost related to restricted stock grants, which is included in compensation and benefits expense in the accompanying consolidated statements of income. | |||||||||||||||||||||
The following table represents unvested restricted stock activity in the RRP for the year ended December 31, 2013. | |||||||||||||||||||||
Number | Weighted- | ||||||||||||||||||||
of Shares | Average | ||||||||||||||||||||
Grant | |||||||||||||||||||||
Date Fair | |||||||||||||||||||||
Value | |||||||||||||||||||||
Balance, beginning of year | 144,840 | $ | 11.83 | ||||||||||||||||||
Granted | 8,000 | 17.54 | |||||||||||||||||||
Forfeited | (3,900 | ) | 15.5 | ||||||||||||||||||
Released | (68,920 | ) | 11.63 | ||||||||||||||||||
Balance, end of period | 80,020 | $ | 12.39 | ||||||||||||||||||
Earnings_Per_Share
Earnings Per Share | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings Per Share | ' | ||||||||||||
17. Earnings Per Share | |||||||||||||
Earnings per common share was computed based on the following: | |||||||||||||
Years Ended December 31, | |||||||||||||
(in thousands, except per share data) | 2013 | 2012 | 2011 | ||||||||||
Numerator: | |||||||||||||
Income applicable to common shares | $ | 7,294 | $ | 9,190 | $ | 5,120 | |||||||
Denominator: | |||||||||||||
Weighted average common shares outstanding | 6,591 | 6,912 | 7,106 | ||||||||||
Effect of dilutive securities: | |||||||||||||
Restricted stock | 317 | 271 | 125 | ||||||||||
Weighted average common shares outstanding - assuming dilution | 6,908 | 7,183 | 7,231 | ||||||||||
Earnings per common share | $ | 1.11 | $ | 1.33 | $ | 0.72 | |||||||
Earnings per common share - assuming dilution | $ | 1.06 | $ | 1.28 | $ | 0.71 | |||||||
Options on 850,020, 850,520 and 833,180 shares of common stock were not included in computing diluted earnings per share for the years ended December 31, 2013, 2012 and 2011, respectively, because the effect of these shares were anti-dilutive. |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Related Party Transactions [Abstract] | ' | ||||
Related Party Transactions | ' | ||||
18. Related Party Transactions | |||||
Certain directors and officers of the Company are customers of the Company. Loan transactions with directors, officers and employees are made on the same terms as those prevailing at the time for comparable loans to other persons. Loans outstanding to directors, executive officers and their affiliates totaled $7,277,000 and $7,858,000 as of December 31, 2013 and 2012, respectively. A summary of related party loan activity during 2013 follows. | |||||
(dollars in thousands) | |||||
Balance, beginning of year | $ | 7,858 | |||
New loans | 1,700 | ||||
Repayments, net | (2,281 | ) | |||
Balance, end of year | $ | 7,277 | |||
None of the related party loans were identified as impaired or exceeded 5% of shareholders’ equity for the years ended 2013 or 2012. | |||||
Related party deposits totaled $12,155,000 and $11,552,000 as of December 31, 2013 and 2012, respectively. |
Fair_Value_Disclosures
Fair Value Disclosures | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value Disclosures | ' | ||||||||||||||||||||
19. Fair Value Disclosures | |||||||||||||||||||||
The Company groups its financial assets and liabilities measured at fair value in three levels as required by ASC 820, Fair Value Measurements and Disclosures. Under this guidance, fair value should be based on the assumptions market participants would use when pricing the asset or liability and establishes a fair value hierarchy that prioritizes the inputs used to develop those assumptions and measure fair value. The hierarchy requires companies to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: | |||||||||||||||||||||
• | Level 1 – Quoted prices in active markets for identical assets or liabilities. | ||||||||||||||||||||
• | Level 2 – Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. | ||||||||||||||||||||
• | Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. | ||||||||||||||||||||
An asset’s or liability’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Management reviews and updates the fair value hierarchy classifications of the Company’s assets and liabilities on a quarterly basis. | |||||||||||||||||||||
Recurring Basis | |||||||||||||||||||||
Investment Securities Available for Sale | |||||||||||||||||||||
Fair values of investment securities available for sale are primarily measured using information from a third-party pricing service. This pricing service provides pricing information by utilizing evaluated pricing models supported with market data information. Standard inputs include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, benchmark securities, bids, offers and reference data from market research publications. If quoted prices are available in an active market, investment securities are classified as Level 1 measurements. If quoted prices are not available in an active market, fair values were estimated primarily by the use of pricing models. Level 2 investment securities were primarily comprised of mortgage-backed securities issued by government agencies and U.S. government-sponsored enterprises. In certain cases, where there is limited or less transparent information provided by the Company’s third-party pricing service, fair value is estimated by the use of secondary pricing services or through the use of non-binding third-party broker quotes. Investment securities are classified within Level 3 when little or no market activity supports the fair value. | |||||||||||||||||||||
Management primarily identifies investment securities which may have traded in illiquid or inactive markets by identifying instances of a significant decrease in the volume and frequency of trades, relative to historical levels, as well as instances of a significant widening of the bid-ask spread in the brokered markets. Investment securities that are deemed to have been trading in illiquid or inactive markets may require the use of significant unobservable inputs. For example, management may use quoted prices for similar investment securities in the absence of a liquid and active market for the investment securities being valued. As of December 31, 2013, management did not make adjustments to prices provided by the third-party pricing service as a result of illiquid or inactive markets. | |||||||||||||||||||||
The following tables present the balances of assets and liabilities measured on a recurring basis as of December 31, 2013 and 2012 aggregated by the level in the fair value hierarchy in which these measurements fall. | |||||||||||||||||||||
(dollars in thousands) | December 31, 2013 | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Available for sale securities: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 96,785 | $ | — | $ | 96,785 | $ | — | |||||||||||||
Non-U.S. agency mortgage-backed | 9,749 | — | 9,749 | — | |||||||||||||||||
Municipal bonds | 19,799 | — | 19,799 | — | |||||||||||||||||
U.S. government agency | 23,299 | — | 23,299 | — | |||||||||||||||||
Total | $ | 149,632 | $ | — | $ | 149,632 | $ | — | |||||||||||||
(dollars in thousands) | December 31, 2012 | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Available for sale securities: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 102,513 | $ | — | $ | 102,513 | $ | — | |||||||||||||
Non-U.S. agency mortgage-backed | 12,668 | — | 12,668 | — | |||||||||||||||||
Municipal bonds | 17,585 | — | 17,585 | — | |||||||||||||||||
U.S. government agency | 24,490 | — | 24,490 | — | |||||||||||||||||
Total | $ | 157,256 | $ | — | $ | 157,256 | $ | — | |||||||||||||
The Company did not record any liabilities at fair value for which measurement of the fair value was made on a recurring basis. | |||||||||||||||||||||
Nonrecurring Basis | |||||||||||||||||||||
In accordance with the provisions of ASC 310, Receivables, the Company records loans considered impaired at their fair value. A loan is considered impaired if it is probable the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Fair value is measured at the fair value of the collateral for collateral-dependent loans. For non-collateral-dependent loans, fair value is measured by present valuing expected future cash flows. Impaired loans are classified as Level 3 assets when measured using appraisals from external parties of the collateral less any prior liens. Repossessed assets are initially recorded at fair value less estimated costs to sell. The fair value of repossessed assets is based on property appraisals and an analysis of similar properties available. As such, the Company classifies repossessed assets as Level 3 assets. | |||||||||||||||||||||
Acquired loans with deteriorated credit quality, the FDIC loss sharing receivable, and acquired interest-bearing deposit liabilities are measured on a nonrecurring basis using significant unobservable inputs (Level 3). | |||||||||||||||||||||
The Company has segregated all financial assets and liabilities that are measured at fair value on a nonrecurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date in the table below. | |||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
(dollars in thousands) | December 31, 2013 | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Assets | |||||||||||||||||||||
Acquired loans with deteriorated credit quality | $ | 26,220 | $ | — | $ | — | $ | 26,220 | |||||||||||||
Acquired loans without deteriorated credit quality | 85,732 | — | — | 85,732 | |||||||||||||||||
Impaired loans excluding acquired loans | 2,099 | — | — | 2,099 | |||||||||||||||||
Repossessed assets | 4,566 | — | — | 4,566 | |||||||||||||||||
FDIC loss sharing receivable | 12,698 | — | — | 12,698 | |||||||||||||||||
Total | $ | 131,315 | $ | — | $ | — | $ | 131,315 | |||||||||||||
Liabilities | |||||||||||||||||||||
Deposits acquired through business combinations | $ | 39,010 | $ | — | $ | — | $ | 39,010 | |||||||||||||
FHLB advances acquired through business combinations | — | — | — | — | |||||||||||||||||
Total | $ | 39,010 | $ | — | $ | — | $ | 39,010 | |||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
(dollars in thousands) | December 31, 2012 | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Assets | |||||||||||||||||||||
Acquired loans with deteriorated credit quality | $ | 50,854 | $ | — | $ | — | $ | 50,854 | |||||||||||||
Acquired loans without deteriorated credit quality | 117,536 | — | — | 117,536 | |||||||||||||||||
Impaired loans excluding acquired loans | 5,353 | — | — | 5,353 | |||||||||||||||||
Repossessed assets | 6,454 | — | — | 6,454 | |||||||||||||||||
FDIC loss sharing receivable | 15,546 | — | — | 15,546 | |||||||||||||||||
Total | $ | 195,743 | $ | — | $ | — | $ | 195,743 | |||||||||||||
Liabilities | |||||||||||||||||||||
Deposits acquired through business combinations | $ | 81,948 | $ | — | $ | — | $ | 81,948 | |||||||||||||
FHLB advances acquired through business combinations | 18,257 | — | — | 18,257 | |||||||||||||||||
Total | $ | 100,205 | $ | — | $ | — | $ | 100,205 | |||||||||||||
ASC 820, Fair Value Measurements and Disclosures, requires the disclosure of each class of financial instruments for which it is practicable to estimate. The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. ASC 820 excludes certain financial instruments and all non-financial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. | |||||||||||||||||||||
Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial statement element. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. | |||||||||||||||||||||
Fair value estimates included herein are based on existing on- and off-balance-sheet financial instruments without attempting to estimate the value of anticipated future business and the fair value of assets and liabilities that are not required to be recorded or disclosed at fair value like premises and equipment. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates. | |||||||||||||||||||||
The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value: | |||||||||||||||||||||
The carrying value of cash and cash equivalents and interest-bearing deposits in banks approximate their fair value. | |||||||||||||||||||||
The fair value for investment securities is determined from quoted market prices when available. If a quoted market price is not available, fair value is estimated using third party pricing services or quoted market prices of securities with similar characteristics. | |||||||||||||||||||||
The carrying value of mortgage loans held for sale approximates its fair value. | |||||||||||||||||||||
The fair value of loans are estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturity. | |||||||||||||||||||||
The cash surrender value of bank-owned life insurance (“BOLI”) approximates its fair value. | |||||||||||||||||||||
The fair value of the FDIC loss sharing receivable is determined by discounting projected cash flows from loss sharing agreements based on expected reimbursements for losses at the applicable loss sharing percentages based on the terms of the loss sharing agreements. | |||||||||||||||||||||
The fair value of demand deposits, savings and interest-bearing demand deposits is the amount payable on demand. The fair value of fixed-maturity certificates of deposit is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities. | |||||||||||||||||||||
The carrying amount of the FHLB advances is estimated using the rates currently offered for advances of similar maturities. | |||||||||||||||||||||
The fair value of off-balance sheet financial instruments as of December 31, 2013 and 2012 was immaterial. | |||||||||||||||||||||
Fair Value Measurements at December 31, 2013 | |||||||||||||||||||||
Carrying | Total | Level 1 | Level 2 | Level 3 | |||||||||||||||||
(dollars in thousands) | Amount | ||||||||||||||||||||
Financial Assets | |||||||||||||||||||||
Cash and cash equivalents | $ | 32,639 | $ | 32,639 | $ | 32,639 | $ | — | $ | — | |||||||||||
Interest-bearing deposits in banks | 2,940 | 2,940 | 2,940 | — | — | ||||||||||||||||
Investment securities available for sale | 149,632 | 149,632 | — | 149,632 | — | ||||||||||||||||
Investment securities held to maturity | 9,405 | 9,275 | — | 9,275 | — | ||||||||||||||||
Mortgage loans held for sale | 1,951 | 1,951 | — | 1,951 | — | ||||||||||||||||
Loans, net | 700,538 | 708,863 | — | — | 708,863 | ||||||||||||||||
Cash surrender value of BOLI | 17,751 | 17,751 | 17,751 | — | — | ||||||||||||||||
FDIC loss sharing receivable | 12,698 | 12,698 | — | — | 12,698 | ||||||||||||||||
Financial Liabilities | |||||||||||||||||||||
Deposits | $ | 741,312 | $ | 702,168 | $ | — | $ | 663,158 | $ | 39,010 | |||||||||||
Short-term FHLB advances | 87,000 | 87,000 | 87,000 | — | — | ||||||||||||||||
Long-term FHLB advances | 10,000 | 10,613 | — | 10,613 | — | ||||||||||||||||
Fair Value Measurements at December 31, 2012 | |||||||||||||||||||||
(dollars in thousands) | Carrying | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Amount | |||||||||||||||||||||
Financial Assets | |||||||||||||||||||||
Cash and cash equivalents | $ | 39,539 | $ | 39,539 | $ | 39,529 | $ | — | $ | — | |||||||||||
Interest-bearing deposits in banks | 3,529 | 3,529 | 3,529 | — | — | ||||||||||||||||
Investment securities available for sale | 157,256 | 157,256 | — | 157,256 | — | ||||||||||||||||
Investment securities held to maturity | 1,665 | 1,746 | — | 1,746 | — | ||||||||||||||||
Mortgage loans held for sale | 5,627 | 5,627 | — | 5,627 | — | ||||||||||||||||
Loans, net | 667,809 | 676,622 | — | — | 676,622 | ||||||||||||||||
Cash surrender value of BOLI | 17,286 | 17,286 | 17,286 | — | — | ||||||||||||||||
FDIC loss sharing receivable | 15,546 | 15,546 | — | — | 15,546 | ||||||||||||||||
Financial Liabilities | |||||||||||||||||||||
Deposits | $ | 771,429 | $ | 774,325 | $ | — | $ | 692,377 | $ | 81,948 | |||||||||||
Short-term FHLB advances | 10,000 | 10,000 | 10,000 | — | — | ||||||||||||||||
Long-term FHLB advances | 36,257 | 37,619 | — | 19,362 | 18,257 |
Condensed_Parent_Company_Only_
Condensed Parent Company Only Financial Statements | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Condensed Parent Company Only Financial Statements | ' | ||||||||||||
20. Condensed Parent Company Only Financial Statements | |||||||||||||
Condensed financial statements of Home Bancorp, Inc. (parent company only) are shown below. The parent company has no significant operating activities. | |||||||||||||
Condensed Balance Sheets | |||||||||||||
December 31, 2013 and 2012 | |||||||||||||
(dollars in thousands) | 2013 | 2012 | |||||||||||
Assets | |||||||||||||
Cash in bank | $ | 313 | $ | 2,088 | |||||||||
Investment securities | — | 4,182 | |||||||||||
Investment in subsidiary | 141,286 | 135,298 | |||||||||||
Other assets | 650 | 629 | |||||||||||
Total assets | $ | 142,249 | $ | 142,197 | |||||||||
Liabilities | $ | 340 | $ | 623 | |||||||||
Shareholders’ equity | 141,909 | 141,574 | |||||||||||
Total liabilities and shareholders’ equity | $ | 142,249 | $ | 142,197 | |||||||||
Condensed Statements of Operations | |||||||||||||
For the Years Ended December 31, 2013, 2012 and 2011 | |||||||||||||
(dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Operating income | |||||||||||||
Interest income | $ | 44 | $ | 160 | $ | 397 | |||||||
Gain on sale of investment | 241 | 163 | — | ||||||||||
Dividend from subsidiary | — | — | 18,000 | ||||||||||
Total operating income | 285 | 323 | 18,397 | ||||||||||
Operating expenses | |||||||||||||
Other expenses | 155 | 163 | 203 | ||||||||||
Total operating expenses | 155 | 163 | 203 | ||||||||||
Income before income tax expense and equity in undistributed earnings of subsidiary | 130 | 160 | 18,194 | ||||||||||
Income tax expense | 52 | 63 | 76 | ||||||||||
Income before equity in undistributed earnings of subsidiary | 78 | 97 | 18,118 | ||||||||||
Increase (decrease) in equity in undistributed earnings of subsidiary | 7,216 | 9,093 | (12,998 | ) | |||||||||
Net income | $ | 7,294 | $ | 9,190 | $ | 5,120 | |||||||
Condensed Statements of Cash Flows | |||||||||||||
For the Years Ended December 31, 2013, 2012 and 2011 | |||||||||||||
(dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Cash Flows from Operating Activities | |||||||||||||
Net income | $ | 7,294 | $ | 9,190 | $ | 5,120 | |||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||
Net amortization of premium/discount on investments | (3 | ) | (6 | ) | (20 | ) | |||||||
Gain on sale of investment securities | (241 | ) | (163 | ) | — | ||||||||
Non-cash compensation | 652 | 612 | 520 | ||||||||||
(Increase) decrease in accrued interest and other assets | (21 | ) | (558 | ) | 669 | ||||||||
Decrease in equity in net income of subsidiary | (7,216 | ) | (9,093 | ) | (5,002 | ) | |||||||
Dividend from subsidiary | — | — | 18,000 | ||||||||||
(Decrease) increase in accrued expenses and other liabilities | (189 | ) | 788 | (456 | ) | ||||||||
Net Cash Provided by Operating Activities | 276 | 770 | 18,831 | ||||||||||
Cash Flows from Investing Activities | |||||||||||||
Proceeds from prepayment on available for sale securities | 312 | 2,437 | 6,332 | ||||||||||
Proceeds from sale of available for sale securities | 3,837 | 2,527 | — | ||||||||||
Net cash paid in acquisitions | — | — | (26,417 | ) | |||||||||
Net Cash Provided by (Used in) Investing Activities | 4,149 | 4,964 | (20,085 | ) | |||||||||
Cash Flows from Financing Activities | |||||||||||||
Proceeds from exercise of stock options | 91 | 207 | 75 | ||||||||||
Purchase of treasury stock | (6,291 | ) | (5,828 | ) | (5,467 | ) | |||||||
Net Cash Used in Financing Activities | (6,200 | ) | (5,621 | ) | (5,392 | ) | |||||||
Net Increase (Decrease) in Cash and Cash Equivalents | (1,775 | ) | 113 | (6,646 | ) | ||||||||
Cash and Cash Equivalents as of Beginning of Period | 2,088 | 1,975 | 8,621 | ||||||||||
Cash and Cash Equivalents as of End of Period | $ | 313 | $ | 2,088 | $ | 1,975 | |||||||
Consolidated_Quarterly_Results
Consolidated Quarterly Results of Operations | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Consolidated Quarterly Results of Operations | ' | ||||||||||||||||
21. Consolidated Quarterly Results of Operations (unaudited) | |||||||||||||||||
(dollars in thousands, except per share data) | First | Second | Third | Fourth | |||||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||
Total interest income | $ | 10,875 | $ | 10,852 | $ | 11,226 | $ | 10,767 | |||||||||
Total interest expense | 1,025 | 922 | 823 | 733 | |||||||||||||
Net interest income | 9,850 | 9,930 | 10,403 | 10,034 | |||||||||||||
Provision for loan losses | 520 | 2,248 | 453 | 431 | |||||||||||||
Net interest income after provision for loan losses | 9,330 | 7,682 | 9,950 | 9,603 | |||||||||||||
Noninterest income | 1,816 | 2,276 | 1,780 | 1,797 | |||||||||||||
Noninterest expense | 8,333 | 8,094 | 8,003 | 8,774 | |||||||||||||
Income before income taxes | 2,813 | 1,864 | 3,727 | 2,626 | |||||||||||||
Income tax expense | 952 | 621 | 1,244 | 919 | |||||||||||||
Net income | $ | 1,861 | $ | 1,243 | $ | 2,483 | $ | 1,707 | |||||||||
Earnings per share - basic | $ | 0.28 | $ | 0.19 | $ | 0.38 | $ | 0.26 | |||||||||
Earnings per share - diluted | $ | 0.26 | $ | 0.18 | $ | 0.37 | $ | 0.25 | |||||||||
(dollars in thousands, except per share data) | First | Second | Third | Fourth | |||||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||
Total interest income | $ | 11,265 | $ | 11,230 | $ | 12,120 | $ | 11,507 | |||||||||
Total interest expense | 1,313 | 1,262 | 1,204 | 1,135 | |||||||||||||
Net interest income | 9,952 | 9,968 | 10,916 | 10,372 | |||||||||||||
Provision for loan losses | 712 | 1,160 | 56 | 483 | |||||||||||||
Net interest income after provision for loan losses | 9,240 | 8,808 | 10,860 | 9,889 | |||||||||||||
Noninterest income | 1,763 | 1,970 | 2,160 | 1,868 | |||||||||||||
Noninterest expense | 7,872 | 8,113 | 8,462 | 8,316 | |||||||||||||
Income before income taxes | 3,131 | 2,665 | 4,558 | 3,441 | |||||||||||||
Income tax expense | 1,071 | 912 | 1,506 | 1,116 | |||||||||||||
Net income | $ | 2,060 | $ | 1,753 | $ | 3,052 | $ | 2,325 | |||||||||
Earnings per share - basic | $ | 0.3 | $ | 0.25 | $ | 0.44 | $ | 0.34 | |||||||||
Earnings per share - diluted | $ | 0.29 | $ | 0.24 | $ | 0.42 | $ | 0.33 | |||||||||
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
22. Subsequent Events | |
On February 14, 2014, Home Bancorp, Inc. (the “Company”) completed its acquisition of Britton & Koontz Capital Corporation (“Britton & Koontz”) in accordance with the terms of the Agreement and Plan of Merger, dated as of November 4, 2013, by and between the Company and Britton & Koontz (the “Merger Agreement”). Immediately after closing and in accordance with the terms of the Merger Agreement, Britton & Koontz Bank, N.A. (“Britton & Koontz Bank”), which had been the wholly owned subsidiary of Britton & Koontz, was merged with and into Home Bank, the Company’s wholly owned subsidiary, with Home Bank as the surviving institution. | |
As a result of the transaction, Home Bank expanded its market area with three banking offices located in Natchez, Mississippi and two banking offices located in Vicksburg, Mississippi. The combined company has total assets of approximately $1.2 billion, $870 million in loans and $960 million in deposits. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||
Dec. 31, 2013 | |||
Accounting Policies [Abstract] | ' | ||
Principles of Consolidation | ' | ||
Principles of Consolidation | |||
The consolidated financial statements include the accounts of the Company and the Bank. All significant intercompany balances and transactions have been eliminated in consolidation. | |||
Use of Estimates | ' | ||
Use of Estimates | |||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term include, but are not limited to, the determination of the allowance for loan losses, income taxes, valuation of investments with other-than-temporary impairment, acquisition accounting valuations and valuation of share-based compensation. | |||
Cash and Cash Equivalents | ' | ||
Cash and Cash Equivalents | |||
For purposes of reporting cash flows, cash and cash equivalents include cash on hand, due from banks and interest-bearing deposits with the FHLB. The Company considers all highly liquid debt instruments with original maturities of three months or less (excluding interest-bearing deposits in banks) to be cash equivalents. | |||
The Bank is required to maintain cash reserves with the FRB. The requirement is dependent upon the Bank’s cash on hand or noninterest-bearing balances. The reserve requirements as of December 31, 2013 and 2012 were $13,601,000 and $16,466,000, respectively, and the Bank was in compliance with such requirements at such dates. | |||
Investment Securities | ' | ||
Investment Securities | |||
The Company follows the guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 320, Investments – Debt and Equity Securities. This standard addresses the accounting and reporting for investments in equity securities that have readily determinable fair values and for all investments in debt securities. Under the topic, investment securities, which the Company both positively intends and has the ability to hold to maturity, are classified as held to maturity and carried at amortized cost. | |||
Investment securities that are acquired with the intention of being resold in the near term are classified as trading securities under ASC 320 and are carried at fair value, with unrealized holding gains and losses recognized in current earnings. The Company did not hold any securities for trading purposes at, or during the years ended, December 31, 2013 or 2012. | |||
Securities not meeting the criteria of either trading securities or held to maturity are classified as available for sale and are carried at fair value. Unrealized holding gains and losses for these securities are recognized, net of related income tax effects in the Consolidated Statements of Comprehensive Income. | |||
Interest income earned on securities either held to maturity or available for sale is included in current earnings, including the amortization of premiums and the accretion of discounts using the interest method. Premiums and discounts are amortized or accreted over the life of the related security as an adjustment to the yield. The gain or loss realized on the sale of securities classified as available for sale and held to maturity, as determined using the specific identification method for determining the cost of the securities sold, is computed with reference to its amortized cost and is also included in current earnings. | |||
The Company reviews investment securities for other-than-temporary impairment quarterly. Impairment is considered to be other-than-temporary if it is likely that all amounts contractually due will not be received for debt securities and when there is no positive evidence indicating that an investment’s carrying amount is recoverable in the near term for equity securities. When a decline in the fair value of available for sale and held to maturity securities below cost is deemed to be credit related, a charge for other-than-temporary impairment is included in earnings as “Other-than-temporary impairment of securities”. The decline in fair value attributed to non-credit related factors is recognized in other comprehensive income and a new cost basis for the security is established. The new cost basis is not changed for subsequent recoveries in fair value. Increases and decreases between fair value and cost on available for sale securities are reflected in the Consolidated Statements of Comprehensive Income. In evaluating whether impairment is temporary or other-than-temporary, the Company considers, among other things, the time period the security has been in an unrealized loss position; the financial condition of the issuer and its industry; recommendations of investment advisors; economic forecasts; market or industry trends; changes in tax laws, regulations, or other governmental policies significantly affecting the issuer; any downgrades from rating agencies; and any reduction or elimination of dividends. The Company’s intent and ability to hold a security for a period of time sufficient to allow for any anticipated recovery in fair value is also considered. | |||
Loans Held for Sale | ' | ||
Loans Held for Sale | |||
The Company sells mortgage loans and loan participations for an amount equal to the principal amount of loans or participations with yields to investors based upon current market rates. Realized gains and losses related to loan sales are included in noninterest income. | |||
The Company allocates the cost to acquire or originate a mortgage loan between the loan and the right to service the loan if it intends to sell or securitize the loan and retain servicing rights. In addition, the Company periodically assesses capitalized mortgage servicing rights for impairment based on the fair value of such rights. To the extent that temporary impairment exists, write-downs are recognized in current earnings as an adjustment to the corresponding valuation allowance. Permanent impairment is recognized through a write-down of the asset with a corresponding reduction in the valuation allowance. For purposes of performing its impairment evaluation, the portfolio is stratified on the basis of certain risk characteristics, including loan type and interest rates. Capitalized servicing rights are amortized over the period of, and in proportion to, estimated net servicing income, which considers appropriate prepayment assumptions. | |||
For financial reporting purposes, the Company classifies a portion of its loan portfolio as “Mortgage loans held for sale.” Included in this category are loans which the Company has the current intent to sell and loans which are available to be sold in the event that the Company determines that loans should be sold to support the Company’s investment and liquidity objectives, as well as to support its overall asset and liability management strategies. Loans included in this category for which the Company has the current intention to sell are recorded at the lower of aggregate cost or fair value. As of December 31, 2013 and 2012, the Company had $1,951,000 and $5,627,000, respectively, in loans classified as “Mortgage loans held for sale.” | |||
As of December 31, 2013 and 2012, the Company had $119,922,000 and $133,107,000, respectively, outstanding in loans sold to government agencies that it was servicing through a third party. | |||
Loans | ' | ||
Loans | |||
The following briefly describes the distinction between originated, non-covered acquired and covered loans and certain significant accounting policies relevant to each category. | |||
Originated Loans | |||
Loans are carried net of discounts on loan originations and purchased loans are amortized using the level yield interest method over the remaining contractual life of the loan. Nonrefundable loan origination fees, net of direct loan origination costs, are deferred and recognized over the life of the loan as an adjustment of yield using the interest method. | |||
Interest on loans receivable is accrued as earned using the interest method over the life of the loan. Interest on loans deemed uncollectible is excluded from income. The accrual of interest is discontinued and reversed against current income once loans become more than 90 days past due or earlier if conditions warrant. The past due status of loans is determined based on the contractual terms. When a loan is placed on nonaccrual status, previously accrued and uncollected interest is charged against interest income on loans. Interest payments are applied to reduce the principal balance on nonaccrual loans. Loans are returned to accrual status when all past due payments are received in full and future payments are probable. | |||
Third party property valuations are obtained at the time of origination for real estate secured loans. When a determination is made that a loan has deteriorated to the point of becoming a problem loan, updated valuations may be ordered to help determine if there is impairment, which may lead to a recommendation for partial charge off or appropriate allowance allocation. Property valuations are ordered through, and reviewed by, the Company’s Appraisal and Review Department. The Company typically orders an “as is” valuation for collateral property if the loan is in a criticized loan classification. | |||
Loans, or portions of loans, are charged off in the period that such loans, or portions thereof, are deemed uncollectible. The collectability of individual loans is determined through an estimate of the fair value of the underlying collateral and/or assessment of the financial condition and repayment capacity of the borrower. | |||
Non-covered Acquired Loans | |||
Non-covered acquired loans at December 31, 2013 and 2012 are those associated with our acquisition of GS Financial Corp. (“GSFC”), the former holding company of Guaranty Savings Bank of Metairie, Louisiana on July 15, 2011. These loans were recorded at estimated fair value at the acquisition date with no carryover of the related allowance for loan losses. The non-covered acquired loans were segregated between those considered to be performing (“acquired performing”) and those with evidence of credit deterioration (“acquired impaired”), and then further segregated into loan pools designed to facilitate the development of expected cash flows. The fair value estimate for each pool of acquired performing and acquired impaired loans was based on the estimate of expected cash flows, both principal and interest, from that pool, discounted at prevailing market interest rates. | |||
The difference between the fair value of an acquired performing loan pool and the contractual amounts due at the acquisition date (the “fair value discount”) is accreted into income over the estimated life of the pool. Management estimates an allowance for loan losses for acquired performing loans using a methodology similar to that used for originated loans. The allowance determined for each loan pool is compared to the remaining fair value discount for that pool. If the allowance amount calculated under the Company’s methodology is greater than the Company’s remaining discount, the additional amount called for is added to the reported allowance through a provision for loan losses. If the allowance amount calculated under the Company’s methodology is less than the Company’s recorded discount, no additional allowance or provision is recognized. Actual losses first reduce any remaining fair value discount for the loan pool. Once the discount is fully depleted, losses are applied against the allowance established for that pool. Acquired performing loans are placed on nonaccrual status and considered and reported as nonperforming or past due using the same criteria applied to the originated portfolio. | |||
The excess of cash flows expected to be collected from an acquired impaired loan pool over the pool’s estimated fair value at acquisition is referred to as the accretable yield and is recognized in interest income using an effective yield method over the remaining life of the pool. Each pool of acquired impaired loans is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows. | |||
Management recasts the estimate of cash flows expected to be collected on each acquired impaired loan pool periodically. If the present value of expected cash flows for a pool is less than its carrying value, an impairment is recognized by an increase in the allowance for loan losses and a charge to the provision for loan losses. If the present value of expected cash flows for a pool is greater than its carrying value, any previously established allowance for loan losses is reversed and any remaining difference increases the accretable yield which will be taken into interest income over the remaining life of the loan pool. Acquired impaired loans are generally not subject to individual evaluation for impairment and are not reported with impaired loans, even if they would otherwise qualify for such treatment. | |||
Covered Loans and the Related Loss Share Receivable | |||
The loans purchased in the Company’s 2010 acquisition of certain assets and liabilities of Statewide Bank (“Statewide”) are covered by loss share agreements between the FDIC and the Company that afford the Company significant loss protection. In connection with the transaction, Home Bank entered into loss sharing agreements with the FDIC which cover the acquired loan portfolio (“Covered Loans”) and repossessed assets (collectively referred to as “Covered Assets”). Under the terms of the loss sharing agreements, the FDIC will, subject to the terms and conditions of the agreements, absorb 80% of the first $41,000,000 of losses incurred on Covered Assets and 95% of losses on Covered Assets exceeding $41,000,000 during the periods specified in the loss sharing agreements. These Covered Loans are accounted for as acquired impaired loans as described above. The loss share receivable is measured separately from the related covered loans as it is not contractually embedded in the loans and is not transferable should the loans be sold. The fair value of the loss share receivable at acquisition was estimated by discounting projected cash flows related to the loss share agreements based on the expected reimbursements for losses using the applicable loss share percentages. The discounted amount is accreted into non-interest income over the remaining life of the covered loan pool or the life of the loss share agreement. | |||
The loss share receivable is reviewed and updated prospectively as loss estimates related to covered loans change. Increases in expected reimbursements under the loss sharing agreements from a covered loan pool will lead to an increase in the loss share receivable. A decrease in expected reimbursements is reflected first as a reversal of any previously recorded increase in the loss share receivable on the covered loan pool with the remainder reflected as a reduction in the loss share receivable’s accretion rate. Increases and decreases in the loss share receivable can result in reductions in or additions to the provision for loan losses, which serve to offset the impact on the provision from impairment recognized on the underlying covered loan pool and reversals of previously recognized impairment. The impact on operations of a reduction in the loss share receivable’s accretion rate is associated with an increase in the accretable yield on the underlying loan pool. | |||
Allowance for Loan Losses | ' | ||
Allowance for Loan Losses | |||
The allowance for loan losses on loans in our portfolio is maintained at an amount which management believes covers the reasonably estimable and probable losses on such portfolio. The allowance for loan losses is comprised of specific and general reserves. The Company determines specific reserves based on the provisions of ASC 310, Receivables. The Company’s allowance for loan losses includes a measure of impairment related to those loans specifically identified for evaluation under the topic. This measurement is based on a comparison of the recorded investment in the loan with either the expected cash flows discounted using the loan’s original effective interest rate, observable market price for the loan or the fair value of the collateral underlying certain collateral-dependent loans. General reserves are based on management’s evaluation of many factors, including current economic trends, industry experience, historical loss experience (generally three years), industry loan concentrations, the borrowers’ abilities to repay and repayment performance, probability of foreclosure and estimated collateral values. As these factors change, adjustments to the loan loss reserve are charged to current operations. Loans that are determined to be uncollectible are charged-off against the allowance for loan losses once that determination is made. | |||
While management uses available information to make loan loss allowance evaluations, adjustments to the allowance may be necessary based on changes in economic and other conditions or changes in accounting guidance. The OCC, as an integral part of its examination processes, periodically reviews the allowance for loan losses. The OCC may require the recognition of adjustments to the allowance for loan losses based on their judgment of information available to them as of the time of their examinations. To the extent the OCC’s estimates differ from management’s estimates, additional provisions to the allowance for loan losses may be required as of the time of their examination. As part of the risk management program, an independent review is performed on the loan portfolio, which supplements management’s assessment of the loan portfolio and the allowance for loan losses. The result of the independent review is reported directly to the Audit Committee of the Board of Directors. | |||
Repossessed Assets | ' | ||
Repossessed Assets | |||
Repossessed assets are recorded at the lesser of the balance of the loan or fair value less estimated selling costs at the date acquired or upon receiving new property valuations. Costs relating to the development and improvement of foreclosed property are capitalized, and costs relating to holding and maintaining the property are expensed. Write-downs from cost to fair value at the dates of foreclosure are charged against the allowance for loan losses. Valuations are performed periodically and a charge to operations is recorded if the carrying value of a property exceeds its fair value less selling costs. Generally, the Company appraises the property at the time of foreclosure and at least every 12 months following the foreclosure. Excluding Covered Assets, the Company had $1,406,000 and $3,771,000 of repossessed assets as of December 31, 2013 and 2012, respectively. Including Covered Assets, the Company had $4,566,000 and $6,454,000 of repossessed assets as of December 31, 2013 and 2012, respectively. Repossessed Assets are recorded in accrued interest receivable and other assets on the Consolidated Statements of Financial Condition. | |||
Federal Home Loan Bank Stock | ' | ||
Federal Home Loan Bank Stock | |||
As a member of the FHLB, the Bank is required to maintain a minimum investment in its stock that varies with the level of FHLB advances outstanding. The stock is bought from and sold to the FHLB based upon its $100 par value. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost and evaluated for impairment in accordance with GAAP. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as: (a) the significance of the decline in net assets of the FHLB as compared to the capital stock amount and the length of time this situation has persisted, (b) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance, (c) the impact of legislative and regulatory changes on the customer base of the FHLB and (d) the liquidity position of the FHLB. | |||
Office Properties and Equipment | ' | ||
Office Properties and Equipment | |||
Office properties and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method with rates based on the estimated useful lives of the individual assets, which range from 3 to 40 years. Expenditures which substantially increase the useful lives of existing property and equipment are capitalized while routine expenditures for repairs and maintenance are expensed as incurred. | |||
Cash Surrender Value of Bank-owned Life Insurance | ' | ||
Cash Surrender Value of Bank-owned Life Insurance | |||
Life insurance contracts represent single premium life insurance contracts on the lives of certain officers of the Bank. The Bank is the beneficiary of these policies. These contracts are reported at their cash surrender value and changes in the cash surrender value are included in noninterest income. | |||
Intangible Assets | ' | ||
Intangible Assets | |||
Intangible assets consist of goodwill, core deposit intangibles and mortgage servicing rights. These assets are recorded in accrued interest receivable and other assets on the Consolidated Statements of Financial Condition. Goodwill represents the excess purchase price over the fair value of net assets acquired in business acquisitions. Goodwill is not amortized but rather is evaluated for impairment at least annually. Core deposit intangibles represent the estimated value related to customer deposit relationships assumed in the Company’s acquisitions. Core deposit intangibles are being amortized over nine or 10 years using an accelerated method. The mortgage servicing rights represent servicing assets related to mortgage loans sold and serviced at fair value. Mortgage servicing rights are being amortized over a maximum of 10 years using an accelerated method. | |||
Transfer of Financial Assets | ' | ||
Transfer of Financial Assets | |||
Transfers of financial assets are accounted for as sales when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right, free of conditions that constrain it from taking advantage of that right, to pledge or exchange the transferred assets and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before maturity. | |||
Salary Continuation Agreements | ' | ||
Salary Continuation Agreements | |||
The Company records the expense associated with its salary continuation agreements over the service periods of the persons covered under these agreements. | |||
Income Taxes | ' | ||
Income Taxes | |||
The Company accounts for income taxes under the liability method. Deferred tax assets and liabilities are recorded for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Future tax benefits are recognized to the extent that realization of such benefits is more likely than not. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the assets and liabilities are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income taxes during the period that includes the enactment date. | |||
In the event the future tax consequences of differences between the financial reporting bases and the tax bases of the Company’s assets and liabilities results in deferred tax assets, an evaluation of the probability of being able to realize the future benefits indicated by such asset is required. A valuation allowance is provided for the portion of the deferred tax asset when it is more likely than not that some or all of the deferred tax asset will not be realized. In assessing the realizability of the deferred tax assets, management considers the scheduled reversals of deferred tax liabilities, projected future taxable earnings and tax planning strategies. | |||
The income tax benefit or expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. | |||
A tax position is recognized as a benefit only if it is more likely than not that the tax position would be sustained in a tax examination, with a tax examination presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50 percent likely of being realized on examination. For tax positions not meeting the more likely than not test, no tax benefit is recorded. | |||
The Company recognizes interest and penalties accrued related to unrecognized tax benefits, if applicable, in noninterest expense. During the years ended December 31, 2013, 2012, and 2011, the Company did not recognize any interest or penalties in its financial statements, nor has it recorded an accrued liability for interest or penalty payments. | |||
Stock-based Compensation Plans | ' | ||
Stock-based Compensation Plans | |||
The Company issues stock options under the 2009 Stock Option Plan to directors, officers and other key employees. In accordance with the requirements of ASC 718, Compensation – Stock Compensation, the Company has adopted a fair value based method of accounting for employee stock compensation plans, whereby compensation cost is measured as of the grant date based on the fair value of the award and is recognized over the service period, which is usually the vesting period. | |||
The Company issues restricted stock under the 2009 Recognition and Retention Plan (“RRP”) for directors, officers and other key employees. The RRP allows for the issuance of restricted stock awards that may not be sold or otherwise transferred until certain restrictions have lapsed. The holders of the restricted stock have the right to vote the shares as awards are earned. The unearned compensation related to these awards is amortized to compensation expense over the service period, which is usually the vesting period. The total share-based compensation expense for these awards is determined based on the market price of the Company’s common stock as of the date of grant applied to the total number of shares granted and is amortized over the vesting period. | |||
Earnings Per Share | ' | ||
Earnings Per Share | |||
Earnings per share represents income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. | |||
Comprehensive Income | ' | ||
Comprehensive Income | |||
GAAP generally requires that recognized revenues, expenses, gains and losses be included in net earnings. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the equity section of the balance sheets, such items, along with net earnings, are components of comprehensive income. The tax effect for unrealized gains on investment securities was ($1,413,095), $853,987 and $474,623 for the periods ending December 31, 2013, 2012 and 2011, respectively. The reclassification adjustment for (gains) losses included in net income had a tax effect of ($149,870), ($75,406) and $58,068 for the periods ending December 31, 2013, 2012 and 2011. Comprehensive income is reflected in the Consolidated Statements of Comprehensive Income. | |||
Reclassifications | ' | ||
Reclassifications | |||
Certain reclassifications have been made to prior period balances to conform to the current period presentation. | |||
Recent Accounting Pronouncements | ' | ||
Recent Accounting Pronouncements | |||
In October 2012, the FASB issued Accounting Standards Update (“ASU”) No. 2012-06, Subsequent Accounting for an Indemnification Asset as a result of a Government-Assisted Acquisition of a Financial Institution. ASU 2012-06 requires the change in measurement of the indemnification asset to be accounted for on the same basis as the change in the indemnified item. Any amortization period for the changes in value is limited to the shorter of the term of the indemnification agreement or the remaining life of the indemnified assets. The amendments are effective for fiscal years beginning on or after December 15, 2012 and interim periods within those fiscal years. The amendments are applied prospectively to any new indemnification assets acquired after the date of adoption and to indemnification assets existing as of the date of adoption. The Company adopted ASU 2012-06, and as a result of the adoption, amortized $1.8 million of the indemnification asset in 2013. The Company continues to assess the carrying value of this asset at least quarterly. | |||
In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income was issued in the first quarter of 2013 to improve the reporting of reclassifications out of accumulated other comprehensive income (“AOCI”). The ASU requires information regarding the impact to net earnings of the reclassification on significant amounts out of AOCI to be presented on either the face of the statement of earnings or in the notes to the financial statements. The amendments in this Update do not change the current reporting requirements for net earnings or AOCI. For public entities, the amendments in this Update are effective prospectively for reporting periods beginning after December 15, 2012. The Company has adopted ASU 2013-02, and the information required has been included in the Consolidated Statements of Comprehensive Income. | |||
In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210), Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. The amendments limit the scope of ASU 2011-11, Disclosures about Offsetting Assets and Liabilities, to certain derivative instruments (including bifurcated embedded derivatives), repurchase agreements and reverse repurchase agreements, and securities borrowing and lending arrangements that are either (1) offset on the balance sheet or (2) subject to an enforceable master netting arrangement or similar agreement. The effective date of the amendments coincides with that of ASU 2011-11 (i.e., for fiscal years beginning on or after January 1, 2013, and interim periods within those years). The amendments are applied retrospectively for all comparative periods presented on the balance sheet. The Company has adopted ASU 2013-01, and the adoption of the guidance did not have a material impact on the Company’s results of operations, financial position or disclosures. | |||
In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740), which clarifies the presentation requirements of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. The amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2014 and should be applied prospectively. The adoption of this ASU is not expected to have a material effect on our consolidated statements of financial condition, results of operations or cash flows. | |||
In January 2014, the FASB issued ASU No. 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40) – Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure, which clarifies when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate recognized. The amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2014 and should be applied prospectively. The adoption of this ASU is not expected to have a material effect on the Company’s financial position, results of operations or cash flows. | |||
Fair Value Measurements and Disclosures | ' | ||
The Company groups its financial assets and liabilities measured at fair value in three levels as required by ASC 820, Fair Value Measurements and Disclosures. Under this guidance, fair value should be based on the assumptions market participants would use when pricing the asset or liability and establishes a fair value hierarchy that prioritizes the inputs used to develop those assumptions and measure fair value. The hierarchy requires companies to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: | |||
• | Level 1 – Quoted prices in active markets for identical assets or liabilities. | ||
• | Level 2 – Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. | ||
• | Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. | ||
Receivables | ' | ||
Nonrecurring Basis | |||
In accordance with the provisions of ASC 310, Receivables, the Company records loans considered impaired at their fair value. A loan is considered impaired if it is probable the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Fair value is measured at the fair value of the collateral for collateral-dependent loans. For non-collateral-dependent loans, fair value is measured by present valuing expected future cash flows. Impaired loans are classified as Level 3 assets when measured using appraisals from external parties of the collateral less any prior liens. Repossessed assets are initially recorded at fair value less estimated costs to sell. The fair value of repossessed assets is based on property appraisals and an analysis of similar properties available. As such, the Company classifies repossessed assets as Level 3 assets. |
Acquisition_Activity_Tables
Acquisition Activity (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||||
Summary of the Accretable Yield on the Loans Acquired from GSFC with Deteriorated Credit Quality | ' | ||||||||||||||||
The following table summarizes the accretable yield on the loans acquired from GSFC with deteriorated credit quality as of July 15, 2011 and the changes therein through December 31, 2013. | |||||||||||||||||
(dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||||||
Balance, beginning of period | $ | (839 | ) | $ | (644 | ) | $ | — | |||||||||
Acquisition accretable yield | — | — | (1,169 | ) | |||||||||||||
Accretion | 133 | 966 | 525 | ||||||||||||||
Net transfers from nonaccretable difference to accretable yield | (575 | ) | (1,161 | ) | — | ||||||||||||
Balance, end of period | $ | (1,281 | ) | $ | (839 | ) | $ | (644 | ) | ||||||||
Summary of the Accretable Yield on the Acquired Loans | ' | ||||||||||||||||
The following table summarizes the accretable yield on the Covered Loans as of March 12, 2010 and the changes therein through December 31, 2013. | |||||||||||||||||
(dollars in thousands) | 2013 | 2012 | 2011 | 2010 | |||||||||||||
Balance, beginning of period | $ | (3,973 | ) | $ | (8,550 | ) | $ | (5,505 | ) | $ | — | ||||||
Acquisition accretable yield | — | — | — | (11,110 | ) | ||||||||||||
Accretion | 5,417 | 4,613 | 5,170 | 5,605 | |||||||||||||
Net transfers from nonaccretable difference to accretable yield | (3,578 | ) | (36 | ) | (8,215 | ) | — | ||||||||||
Balance, end of period | $ | (2,134 | ) | $ | (3,973 | ) | $ | (8,550 | ) | $ | (5,505 | ) | |||||
Investment_Securities_Tables
Investment Securities (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||
Summary Information Regarding Investment Securities Classified as Available for Sale and Held to Maturity | ' | ||||||||||||||||||||
Summary information regarding investment securities classified as available for sale and held to maturity as of December 31, 2013 and 2012 follows. | |||||||||||||||||||||
(dollars in thousands) | Amortized | Gross | Gross Unrealized | Fair Value | |||||||||||||||||
Cost | Unrealized | Losses | |||||||||||||||||||
Gains | |||||||||||||||||||||
December 31, 2013 | Less Than | Over 1 | |||||||||||||||||||
1 Year | Year | ||||||||||||||||||||
Available for sale: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 96,145 | $ | 1,765 | $ | 909 | $ | 216 | $ | 96,785 | |||||||||||
Non-U.S. agency mortgage-backed | 9,765 | 58 | 31 | 43 | 9,749 | ||||||||||||||||
Municipal bonds | 19,879 | 318 | 279 | 119 | 19,799 | ||||||||||||||||
U.S. government agency | 23,543 | 236 | 480 | — | 23,299 | ||||||||||||||||
Total available for sale | $ | 149,332 | $ | 2,377 | $ | 1,699 | $ | 378 | $ | 149,632 | |||||||||||
Held to maturity: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 132 | $ | 1 | $ | — | $ | — | $ | 133 | |||||||||||
Municipal bonds | 9,273 | 67 | 198 | — | 9,142 | ||||||||||||||||
Total held to maturity | $ | 9,405 | $ | 68 | $ | 198 | $ | — | $ | 9,275 | |||||||||||
(dollars in thousands) | Amortized | Gross | Gross Unrealized | Fair Value | |||||||||||||||||
Cost | Unrealized | Losses | |||||||||||||||||||
Gains | |||||||||||||||||||||
December 31, 2012 | Less Than | Over 1 | |||||||||||||||||||
1 Year | Year | ||||||||||||||||||||
Available for sale: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 99,137 | $ | 3,391 | $ | 14 | $ | 1 | $ | 102,513 | |||||||||||
Non-U.S. agency mortgage-backed | 12,426 | 280 | — | 38 | 12,668 | ||||||||||||||||
Municipal bonds | 16,843 | 774 | 32 | — | 17,585 | ||||||||||||||||
U.S. government agency | 23,944 | 553 | 7 | — | 24,490 | ||||||||||||||||
Total available for sale | $ | 152,350 | $ | 4,998 | $ | 53 | $ | 39 | $ | 157,256 | |||||||||||
Held to maturity: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 693 | $ | 13 | $ | — | $ | — | $ | 706 | |||||||||||
Municipal bonds | 972 | 68 | — | — | 1,040 | ||||||||||||||||
Total held to maturity | $ | 1,665 | $ | 81 | $ | — | $ | — | $ | 1,746 | |||||||||||
Amortized Cost and Estimated Fair Value by Maturity of Company's Investment Securities | ' | ||||||||||||||||||||
The amortized cost and estimated fair value by maturity of investment securities as of December 31, 2013 are shown in the following tables. Securities are classified according to their contractual maturities without consideration of principal amortization, potential prepayments or call options. The expected maturity of a security, may differ from its contractual maturity because of the exercise of call options and potential paydowns. Accordingly, actual maturities may differ from contractual maturities. | |||||||||||||||||||||
(dollars in thousands) | One Year | After One | After Five | After Ten | Total | ||||||||||||||||
or Less | Year through | Years | Years | ||||||||||||||||||
Five Years | through Ten | ||||||||||||||||||||
Years | |||||||||||||||||||||
Fair Value | |||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 113 | $ | 231 | $ | 15,665 | $ | 80,776 | $ | 96,785 | |||||||||||
Non-U.S. agency mortgage-backed | — | — | — | 9,749 | 9,749 | ||||||||||||||||
Municipal bonds | 503 | 4,858 | 11,574 | 2,864 | 19,799 | ||||||||||||||||
U.S. government agency | 2,512 | 5,293 | 10,510 | 4,984 | 23,299 | ||||||||||||||||
Total securities available for sale | $ | 3,128 | $ | 10,382 | $ | 37,749 | $ | 98,373 | $ | 149,632 | |||||||||||
Securities held to maturity: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 133 | $ | — | $ | — | $ | — | $ | 133 | |||||||||||
Municipal bonds | 216 | 797 | 6,886 | 1,243 | 9,142 | ||||||||||||||||
Total securities held to maturity | $ | 349 | $ | 797 | $ | 6,886 | $ | 1,243 | $ | 9,275 | |||||||||||
(dollars in thousands) | One Year | After One | After Five | After | Total | ||||||||||||||||
or Less | Year through | Years | Ten Years | ||||||||||||||||||
Five Years | through Ten | ||||||||||||||||||||
Years | |||||||||||||||||||||
Amortized Cost | |||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 108 | $ | 214 | $ | 15,696 | $ | 80,127 | $ | 96,145 | |||||||||||
Non-U.S. agency mortgage-backed | — | — | — | 9,765 | 9,765 | ||||||||||||||||
Municipal bonds | 503 | 4,743 | 11,761 | 2,872 | 19,879 | ||||||||||||||||
U.S. government agency | 2,500 | 5,225 | 10,990 | 4,828 | 23,543 | ||||||||||||||||
Total securities available for sale | $ | 3,111 | $ | 10,182 | $ | 38,447 | $ | 97,592 | $ | 149,332 | |||||||||||
Securities held to maturity: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 132 | $ | — | $ | — | $ | — | $ | 132 | |||||||||||
Municipal bonds | 215 | 756 | 7,041 | 1,261 | 9,273 | ||||||||||||||||
Total securities held to maturity | $ | 347 | $ | 756 | $ | 7,041 | $ | 1,261 | $ | 9,405 | |||||||||||
Loans_Tables
Loans (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||
Summary of Loans, Including Covered Loans and Net of Unearned Income | ' | ||||||||||||||||||||||||||||||||
Loans, including Covered Loans and net of unearned income, consisted of the following as of December 31 of the years indicated. | |||||||||||||||||||||||||||||||||
(dollars in thousands) | 2013 | 2012 | |||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 179,506 | $ | 177,816 | |||||||||||||||||||||||||||||
Home equity loans and lines | 40,561 | 40,425 | |||||||||||||||||||||||||||||||
Commercial real estate | 269,849 | 252,805 | |||||||||||||||||||||||||||||||
Construction and land | 83,271 | 75,529 | |||||||||||||||||||||||||||||||
Multi-family residential | 16,578 | 19,659 | |||||||||||||||||||||||||||||||
Total real estate loans | 589,765 | 566,234 | |||||||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | 77,533 | 72,253 | |||||||||||||||||||||||||||||||
Consumer | 40,158 | 34,641 | |||||||||||||||||||||||||||||||
Total other loans | 117,691 | 106,894 | |||||||||||||||||||||||||||||||
Total loans | $ | 707,456 | $ | 673,128 | |||||||||||||||||||||||||||||
Schedule of Activity in Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||||||
A summary of activity in the allowance for loan losses for the years ended December 31, 2013, 2012 and 2011 is as follows. | |||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2013 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | Beginning | Charge-offs | Recoveries | Provision | Ending | ||||||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 798 | $ | (76 | ) | $ | — | $ | 182 | $ | 904 | ||||||||||||||||||||||
Home equity loans and lines | 322 | — | 10 | 34 | 366 | ||||||||||||||||||||||||||||
Commercial real estate | 2,040 | — | — | 487 | 2,528 | ||||||||||||||||||||||||||||
Construction and land | 785 | (44 | ) | 10 | 226 | 977 | |||||||||||||||||||||||||||
Multi-family residential | 86 | — | — | 4 | 90 | ||||||||||||||||||||||||||||
Commercial and industrial | 683 | (1,990 | ) | 57 | 2,582 | 1,332 | |||||||||||||||||||||||||||
Consumer | 400 | (9 | ) | 24 | 58 | 473 | |||||||||||||||||||||||||||
Total allowance for loan losses | $ | 5,114 | $ | (2,119 | ) | $ | 101 | $ | 3,574 | $ | 6,670 | ||||||||||||||||||||||
Non-covered acquired loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 184 | $ | (36 | ) | $ | — | $ | 36 | $ | 184 | ||||||||||||||||||||||
Home equity loans and lines | 21 | — | — | 37 | 58 | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | ||||||||||||||||||||||||||||
Construction and land | — | — | — | — | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | 6 | 6 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | 205 | $ | (36 | ) | $ | — | $ | 79 | $ | 248 | ||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | ||||||||||||||||||||||||||||
Construction and land | — | — | — | — | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 982 | $ | (112 | ) | $ | — | $ | 218 | $ | 1,088 | ||||||||||||||||||||||
Home equity loans and lines | 343 | — | 10 | 71 | 424 | ||||||||||||||||||||||||||||
Commercial real estate | 2,040 | — | — | 488 | 2,528 | ||||||||||||||||||||||||||||
Construction and land | 785 | (44 | ) | 10 | 226 | 977 | |||||||||||||||||||||||||||
Multi-family residential | 86 | — | — | 4 | 90 | ||||||||||||||||||||||||||||
Commercial and industrial | 683 | (1,990 | ) | 57 | 2,588 | 1,338 | |||||||||||||||||||||||||||
Consumer | 400 | (9 | ) | 24 | 58 | 473 | |||||||||||||||||||||||||||
Total allowance for loan losses | $ | 5,319 | $ | (2,155 | ) | $ | 101 | $ | 3,653 | $ | 6,918 | ||||||||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | Beginning | Charge-offs | Recoveries | Provision | Ending | ||||||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 778 | $ | — | $ | — | $ | 20 | $ | 798 | |||||||||||||||||||||||
Home equity loans and lines | 336 | (32 | ) | 15 | 3 | 322 | |||||||||||||||||||||||||||
Commercial real estate | 1,755 | (1,980 | ) | 94 | 2,171 | 2,040 | |||||||||||||||||||||||||||
Construction and land | 904 | (215 | ) | — | 96 | 785 | |||||||||||||||||||||||||||
Multi-family residential | 64 | — | — | 22 | 86 | ||||||||||||||||||||||||||||
Commercial and industrial | 872 | (60 | ) | 6 | (135 | ) | 683 | ||||||||||||||||||||||||||
Consumer | 345 | (38 | ) | 14 | 79 | 400 | |||||||||||||||||||||||||||
Total allowance for loan losses | $ | 5,054 | $ | (2,325 | ) | $ | 129 | $ | 2,256 | $ | 5,114 | ||||||||||||||||||||||
Non-covered acquired loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | — | $ | 184 | $ | 184 | |||||||||||||||||||||||
Home equity loans and lines | — | — | — | 21 | 21 | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | ||||||||||||||||||||||||||||
Construction and land | — | — | — | — | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | — | $ | — | $ | — | $ | 205 | $ | 205 | |||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | ||||||||||||||||||||||||||||
Construction and land | — | — | — | — | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial and industrial | 50 | — | — | (50 | ) | — | |||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | 50 | $ | — | $ | — | $ | (50 | ) | $ | — | ||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 778 | $ | — | $ | — | $ | 204 | $ | 982 | |||||||||||||||||||||||
Home equity loans and lines | 336 | (32 | ) | 15 | 24 | 343 | |||||||||||||||||||||||||||
Commercial real estate | 1,755 | (1,980 | ) | 94 | 2,171 | 2,040 | |||||||||||||||||||||||||||
Construction and land | 904 | (215 | ) | — | 96 | 785 | |||||||||||||||||||||||||||
Multi-family residential | 64 | — | — | 22 | 86 | ||||||||||||||||||||||||||||
Commercial and industrial | 922 | (60 | ) | 6 | (185 | ) | 683 | ||||||||||||||||||||||||||
Consumer | 345 | (38 | ) | 14 | 79 | 400 | |||||||||||||||||||||||||||
Total allowance for loan losses | $ | 5,104 | $ | (2,325 | ) | $ | 129 | $ | 2,411 | $ | 5,319 | ||||||||||||||||||||||
For the Year Ended December 31, 2011 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | Beginning | Charge-offs | Recoveries | Provision | Ending | ||||||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 641 | $ | — | $ | 16 | $ | 121 | $ | 778 | |||||||||||||||||||||||
Home equity loans and lines | 296 | — | — | 40 | 336 | ||||||||||||||||||||||||||||
Commercial real estate | 1,258 | — | 6 | 491 | 1,755 | ||||||||||||||||||||||||||||
Construction and land | 666 | — | — | 238 | 904 | ||||||||||||||||||||||||||||
Multi-family residential | 46 | — | — | 18 | 64 | ||||||||||||||||||||||||||||
Commercial and industrial | 746 | (281 | ) | 25 | 382 | 872 | |||||||||||||||||||||||||||
Consumer | 267 | (53 | ) | 11 | 120 | 345 | |||||||||||||||||||||||||||
Total allowance for loan losses | $ | 3,920 | $ | (334 | ) | $ | 58 | $ | 1,410 | $ | 5,054 | ||||||||||||||||||||||
Non-covered acquired loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | ||||||||||||||||||||||||||||
Construction and land | — | — | — | — | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | ||||||||||||||||||||||||||||
Construction and land | — | — | — | — | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | 50 | 50 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | — | $ | — | $ | — | $ | 50 | $ | 50 | |||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 641 | $ | — | $ | 16 | $ | 121 | $ | 778 | |||||||||||||||||||||||
Home equity loans and lines | 296 | — | — | 40 | 336 | ||||||||||||||||||||||||||||
Commercial real estate | 1,258 | — | 6 | 491 | 1,755 | ||||||||||||||||||||||||||||
Construction and land | 666 | — | — | 238 | 904 | ||||||||||||||||||||||||||||
Multi-family residential | 46 | — | — | 18 | 64 | ||||||||||||||||||||||||||||
Commercial and industrial | 746 | (281 | ) | 25 | 432 | 922 | |||||||||||||||||||||||||||
Consumer | 267 | (53 | ) | 11 | 120 | 345 | |||||||||||||||||||||||||||
Total allowance for loan losses | $ | 3,920 | $ | (334 | ) | $ | 58 | $ | 1,460 | $ | 5,104 | ||||||||||||||||||||||
Allowance for Loan Losses and Recorded Investment in Loans | ' | ||||||||||||||||||||||||||||||||
The allowance for loan losses and recorded investment in loans as of the periods indicated is as follows. | |||||||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||||||
Originated Loans | Acquired Loans | ||||||||||||||||||||||||||||||||
(dollars in thousands) | Collectively | Individually | Non-covered | Covered Loans | Total | ||||||||||||||||||||||||||||
Evaluated for | Evaluated for | Acquired | |||||||||||||||||||||||||||||||
Impairment | Impairment | Loans(1) | |||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 904 | $ | — | $ | 184 | $ | — | $ | 1,088 | |||||||||||||||||||||||
Home equity loans and lines | 366 | — | 58 | — | 424 | ||||||||||||||||||||||||||||
Commercial real estate | 2,528 | — | — | — | 2,528 | ||||||||||||||||||||||||||||
Construction and land | 977 | — | — | — | 977 | ||||||||||||||||||||||||||||
Multi-family residential | 90 | — | — | — | 90 | ||||||||||||||||||||||||||||
Commercial and industrial | 850 | 482 | 6 | — | 1,338 | ||||||||||||||||||||||||||||
Consumer | 473 | — | — | — | 473 | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | 6,188 | $ | 482 | $ | 248 | $ | — | $ | 6,918 | |||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||||||
Originated Loans | Acquired Loans | ||||||||||||||||||||||||||||||||
(dollars in thousands) | Collectively | Individually | Non-covered | Covered Loans | Total | ||||||||||||||||||||||||||||
Evaluated for | Evaluated for | Acquired | |||||||||||||||||||||||||||||||
Impairment | Impairment | Loans(1) | |||||||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 137,685 | $ | 386 | $ | 37,084 | $ | 4,351 | $ | 179,506 | |||||||||||||||||||||||
Home equity loans and lines | 30,422 | 3 | 7,798 | 2,338 | 40,561 | ||||||||||||||||||||||||||||
Commercial real estate | 225,356 | 360 | 32,945 | 11,188 | 269,849 | ||||||||||||||||||||||||||||
Construction and land | 79,771 | — | 2,096 | 1,404 | 83,271 | ||||||||||||||||||||||||||||
Multi-family residential | 7,778 | — | 7,678 | 1,122 | 16,578 | ||||||||||||||||||||||||||||
Commercial and industrial | 72,003 | 1,831 | 2,428 | 1,271 | 77,533 | ||||||||||||||||||||||||||||
Consumer | 39,661 | — | 497 | — | 40,158 | ||||||||||||||||||||||||||||
Total loans | $ | 592,676 | $ | 2,580 | $ | 90,526 | $ | 21,674 | $ | 707,456 | |||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Originated Loans | Acquired Loans | ||||||||||||||||||||||||||||||||
(dollars in thousands) | Collectively | Individually | Non-covered | Covered Loans | Total | ||||||||||||||||||||||||||||
Evaluated for | Evaluated for | Acquired | |||||||||||||||||||||||||||||||
Impairment | Impairment | Loans(1) | |||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 749 | $ | 49 | $ | 184 | $ | — | $ | 982 | |||||||||||||||||||||||
Home equity loans and lines | 322 | — | 21 | — | 343 | ||||||||||||||||||||||||||||
Commercial real estate | 1,906 | 134 | — | — | 2,040 | ||||||||||||||||||||||||||||
Construction and land | 785 | — | — | — | 785 | ||||||||||||||||||||||||||||
Multi-family residential | 86 | — | — | — | 86 | ||||||||||||||||||||||||||||
Commercial and industrial | 683 | — | — | — | 683 | ||||||||||||||||||||||||||||
Consumer | 400 | — | — | — | 400 | ||||||||||||||||||||||||||||
Total allowance for loan losses | $ | 4,931 | $ | 183 | $ | 205 | $ | — | $ | 5,319 | |||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
Originated Loans | Acquired Loans | ||||||||||||||||||||||||||||||||
(dollars in thousands) | Collectively | Individually | Non-covered | Covered Loans | Total | ||||||||||||||||||||||||||||
Evaluated for | Evaluated for | Acquired | |||||||||||||||||||||||||||||||
Impairment | Impairment | Loans(1) | |||||||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 115,278 | $ | 1,464 | $ | 49,943 | $ | 11,131 | $ | 177,816 | |||||||||||||||||||||||
Home equity loans and lines | 26,937 | 56 | 10,123 | 3,309 | 40,426 | ||||||||||||||||||||||||||||
Commercial real estate | 182,376 | 3,428 | 44,132 | 22,869 | 252,805 | ||||||||||||||||||||||||||||
Construction and land | 66,815 | 60 | 3,650 | 5,004 | 75,529 | ||||||||||||||||||||||||||||
Multi-family residential | 7,930 | 528 | 9,818 | 1,383 | 19,658 | ||||||||||||||||||||||||||||
Commercial and industrial | 66,321 | — | 4,469 | 1,463 | 72,253 | ||||||||||||||||||||||||||||
Consumer | 33,341 | — | 695 | 605 | 34,641 | ||||||||||||||||||||||||||||
Total loans | $ | 498,998 | $ | 5,536 | $ | 122,830 | $ | 45,764 | $ | 673,128 | |||||||||||||||||||||||
(1) | $4.6 million and $5.3 million in GSFC loans were accounted for under ASC 310-30 at December 31, 2013 and 2012, respectively. | ||||||||||||||||||||||||||||||||
Schedule of Credit Quality Indicators of Loan Portfolio | ' | ||||||||||||||||||||||||||||||||
Credit quality indicators on the Company’s loan portfolio as of the dates indicated are as follows. | |||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | Pass | Special | Substandard | Doubtful | Total | ||||||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 136,274 | $ | 265 | $ | 1,532 | $ | — | $ | 138,071 | |||||||||||||||||||||||
Home equity loans and lines | 29,962 | 149 | 314 | — | 30,425 | ||||||||||||||||||||||||||||
Commercial real estate | 218,779 | 800 | 6,137 | — | 225,716 | ||||||||||||||||||||||||||||
Construction and land | 78,297 | 147 | 1,327 | — | 79,771 | ||||||||||||||||||||||||||||
Multi-family residential | 6,902 | 876 | — | — | 7,778 | ||||||||||||||||||||||||||||
Commercial and industrial | 65,271 | 4,682 | 3,881 | — | 73,834 | ||||||||||||||||||||||||||||
Consumer | 39,336 | 48 | 277 | — | 39,661 | ||||||||||||||||||||||||||||
Total originated loans | $ | 574,821 | $ | 6,967 | $ | 13,468 | $ | — | $ | 595,256 | |||||||||||||||||||||||
Non-covered acquired loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 31,467 | $ | 119 | $ | 5,498 | $ | — | $ | 37,084 | |||||||||||||||||||||||
Home equity loans and lines | 7,226 | 198 | 374 | — | 7,798 | ||||||||||||||||||||||||||||
Commercial real estate | 30,192 | — | 2,753 | — | 32,945 | ||||||||||||||||||||||||||||
Construction and land | 1,044 | — | 1,052 | — | 2,096 | ||||||||||||||||||||||||||||
Multi-family residential | 5,397 | 33 | 2,248 | — | 7,678 | ||||||||||||||||||||||||||||
Commercial and industrial | 2,428 | — | — | — | 2,428 | ||||||||||||||||||||||||||||
Consumer | 497 | — | — | — | 497 | ||||||||||||||||||||||||||||
Total non-covered acquired loans | $ | 78,251 | $ | 350 | $ | 11,925 | $ | — | $ | 90,526 | |||||||||||||||||||||||
Covered: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 3,108 | $ | 151 | $ | 1,092 | $ | — | $ | 4,351 | |||||||||||||||||||||||
Home equity loans and lines | 2,084 | 21 | 233 | — | 2,338 | ||||||||||||||||||||||||||||
Commercial real estate | 9,702 | 249 | 1,237 | — | 11,188 | ||||||||||||||||||||||||||||
Construction and land | 1,247 | 64 | 93 | — | 1,404 | ||||||||||||||||||||||||||||
Multi-family residential | 206 | 916 | — | — | 1,122 | ||||||||||||||||||||||||||||
Commercial and industrial | 451 | 5 | 815 | — | 1,271 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total covered loans | $ | 16,798 | $ | 1,406 | $ | 3,470 | $ | — | $ | 21,674 | |||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 170,849 | $ | 535 | $ | 8,122 | $ | — | $ | 179,506 | |||||||||||||||||||||||
Home equity loans and lines | 39,272 | 368 | 921 | — | 40,561 | ||||||||||||||||||||||||||||
Commercial real estate | 258,673 | 1,049 | 10,127 | — | 269,849 | ||||||||||||||||||||||||||||
Construction and land | 80,588 | 211 | 2,472 | — | 83,271 | ||||||||||||||||||||||||||||
Multi-family residential | 12,505 | 1,825 | 2,248 | — | 16,578 | ||||||||||||||||||||||||||||
Commercial and industrial | 68,150 | 4,687 | 4,696 | — | 77,533 | ||||||||||||||||||||||||||||
Consumer | 39,833 | 48 | 277 | — | 40,158 | ||||||||||||||||||||||||||||
Total loans | $ | 669,870 | $ | 8,723 | $ | 28,863 | $ | — | $ | 707,456 | |||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | Pass | Special | Substandard | Doubtful | Total | ||||||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 114,278 | $ | 690 | $ | 1,774 | $ | — | $ | 116,742 | |||||||||||||||||||||||
Home equity loans and lines | 26,870 | 56 | 67 | — | 26,993 | ||||||||||||||||||||||||||||
Commercial real estate | 176,410 | 4,951 | 4,443 | — | 185,804 | ||||||||||||||||||||||||||||
Construction and land | 66,441 | 267 | 167 | — | 66,875 | ||||||||||||||||||||||||||||
Multi-family residential | 7,030 | 899 | 529 | — | 8,458 | ||||||||||||||||||||||||||||
Commercial and industrial | 63,561 | 2,590 | 170 | — | 66,321 | ||||||||||||||||||||||||||||
Consumer | 33,280 | 60 | 1 | — | 33,341 | ||||||||||||||||||||||||||||
Total originated loans | $ | 487,870 | $ | 9,513 | $ | 7,151 | $ | — | $ | 504,534 | |||||||||||||||||||||||
Non-covered acquired loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 43,673 | $ | 952 | $ | 5,318 | $ | — | $ | 49,943 | |||||||||||||||||||||||
Home equity loans and lines | 9,402 | 82 | 639 | — | 10,123 | ||||||||||||||||||||||||||||
Commercial real estate | 37,137 | 782 | 6,213 | — | 44,132 | ||||||||||||||||||||||||||||
Construction and land | 3,072 | 106 | 472 | — | 3,650 | ||||||||||||||||||||||||||||
Multi-family residential | 8,756 | 264 | 798 | — | 9,818 | ||||||||||||||||||||||||||||
Commercial and industrial | 4,424 | — | 45 | — | 4,469 | ||||||||||||||||||||||||||||
Consumer | 695 | — | — | — | 695 | ||||||||||||||||||||||||||||
Total non-covered acquired loans | $ | 107,159 | $ | 2,186 | $ | 13,485 | $ | — | $ | 122,830 | |||||||||||||||||||||||
Covered: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 8,555 | $ | 254 | $ | 2,322 | $ | — | $ | 11,131 | |||||||||||||||||||||||
Home equity loans and lines | 3,147 | 28 | 134 | — | 3,309 | ||||||||||||||||||||||||||||
Commercial real estate | 20,563 | — | 2,306 | — | 22,869 | ||||||||||||||||||||||||||||
Construction and land | 3,432 | 4 | 1,568 | — | 5,004 | ||||||||||||||||||||||||||||
Multi-family residential | 424 | 959 | — | — | 1,383 | ||||||||||||||||||||||||||||
Commercial and industrial | 577 | 5 | 881 | — | 1,463 | ||||||||||||||||||||||||||||
Consumer | 565 | 23 | 17 | — | 605 | ||||||||||||||||||||||||||||
Total covered loans | $ | 37,263 | $ | 1,273 | $ | 7,228 | $ | — | $ | 45,764 | |||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 166,506 | $ | 1,896 | $ | 9,414 | $ | — | $ | 177,816 | |||||||||||||||||||||||
Home equity loans and lines | 39,419 | 166 | 840 | — | 40,425 | ||||||||||||||||||||||||||||
Commercial real estate | 234,110 | 5,733 | 12,962 | — | 252,805 | ||||||||||||||||||||||||||||
Construction and land | 72,945 | 377 | 2,207 | — | 75,529 | ||||||||||||||||||||||||||||
Multi-family residential | 16,210 | 2,122 | 1,327 | — | 19,659 | ||||||||||||||||||||||||||||
Commercial and industrial | 68,562 | 2,595 | 1,096 | — | 72,253 | ||||||||||||||||||||||||||||
Consumer | 34,540 | 83 | 18 | — | 34,641 | ||||||||||||||||||||||||||||
Total loans | $ | 632,292 | $ | 12,972 | $ | 27,864 | $ | — | $ | 673,128 | |||||||||||||||||||||||
Schedule of Past Due Loans | ' | ||||||||||||||||||||||||||||||||
Age analysis of past due loans, as of the dates indicated is as follows. | |||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | 30-59 | 60-89 | Greater | Total | Current | Total | |||||||||||||||||||||||||||
Days | Days | Than 90 | Past Due | Loans | Loans | ||||||||||||||||||||||||||||
Past Due | Past Due | Days | |||||||||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 1,726 | $ | 272 | $ | 290 | $ | 2,288 | $ | 135,783 | $ | 138,071 | |||||||||||||||||||||
Home equity loans and lines | 36 | 111 | 66 | 213 | 30,212 | 30,425 | |||||||||||||||||||||||||||
Commercial real estate | 571 | — | 1,257 | 1,828 | 223,888 | 225,716 | |||||||||||||||||||||||||||
Construction and land | 406 | 1 | 83 | 490 | 79,281 | 79,771 | |||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | 7,778 | 7,778 | |||||||||||||||||||||||||||
Total real estate loans | 2,739 | 384 | 1,696 | 4,819 | 476,942 | 481,761 | |||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | 2,026 | 3,243 | 182 | 5,451 | 68,383 | 73,834 | |||||||||||||||||||||||||||
Consumer | 514 | 262 | 277 | 1,053 | 38,608 | 39,661 | |||||||||||||||||||||||||||
Total other loans | 2,540 | 3,505 | 459 | 6,504 | 106,991 | 113,495 | |||||||||||||||||||||||||||
Total originated loans | $ | 5,279 | $ | 3,889 | $ | 2,155 | $ | 11,323 | $ | 583,933 | $ | 595,256 | |||||||||||||||||||||
Non-covered acquired loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 884 | $ | 658 | $ | 3,457 | $ | 4,999 | $ | 32,085 | $ | 37,084 | |||||||||||||||||||||
Home equity loans and lines | 50 | — | 174 | 224 | 7,574 | 7,798 | |||||||||||||||||||||||||||
Commercial real estate | 239 | 241 | 2,753 | 3,233 | 29,712 | 32,945 | |||||||||||||||||||||||||||
Construction and land | 8 | — | 1,052 | 1,060 | 1,036 | 2,096 | |||||||||||||||||||||||||||
Multi-family residential | 879 | — | 987 | 1,866 | 5,812 | 7,678 | |||||||||||||||||||||||||||
Total real estate loans | 2,060 | 899 | 8,423 | 11,382 | 76,219 | 87,601 | |||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | 2,428 | 2,428 | |||||||||||||||||||||||||||
Consumer | — | — | — | — | 497 | 497 | |||||||||||||||||||||||||||
Total other loans | — | — | — | — | 2,925 | 2,925 | |||||||||||||||||||||||||||
Total non-covered acquired loans | $ | 2,060 | $ | 899 | $ | 8,423 | $ | 11,382 | $ | 79,144 | $ | 90,526 | |||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 588 | $ | 319 | $ | 864 | $ | 1,771 | $ | 2,580 | $ | 4,351 | |||||||||||||||||||||
Home equity loans and lines | 161 | 51 | 146 | 358 | 1,980 | 2,338 | |||||||||||||||||||||||||||
Commercial real estate | 459 | — | 701 | 1,160 | 10,028 | 11,188 | |||||||||||||||||||||||||||
Construction and land | 11 | 27 | 10 | 48 | 1,356 | 1,404 | |||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | 1,122 | 1,122 | |||||||||||||||||||||||||||
Total real estate loans | 1,219 | 397 | 1,721 | 3,337 | 17,066 | 20,403 | |||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | 5 | 109 | 62 | 176 | 1,095 | 1,271 | |||||||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total other loans | 5 | 109 | 62 | 176 | 1,095 | 1,271 | |||||||||||||||||||||||||||
Total covered loans | $ | 1,224 | $ | 506 | $ | 1,783 | $ | 3,513 | $ | 18,161 | $ | 21,674 | |||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 3,198 | $ | 1,249 | $ | 4,611 | $ | 9,058 | $ | 170,448 | $ | 179,506 | |||||||||||||||||||||
Home equity loans and lines | 247 | 162 | 386 | 795 | 39,766 | 40,561 | |||||||||||||||||||||||||||
Commercial real estate | 1,269 | 241 | 4,711 | 6,221 | 263,628 | 269,849 | |||||||||||||||||||||||||||
Construction and land | 425 | 28 | 1,145 | 1,598 | 81,673 | 83,271 | |||||||||||||||||||||||||||
Multi-family residential | 879 | — | 987 | 1,866 | 14,712 | 16,578 | |||||||||||||||||||||||||||
Total real estate loans | 6,018 | 1,680 | 11,840 | 19,538 | 570,227 | 589,765 | |||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | 2,031 | 3,352 | 244 | 5,627 | 71,906 | 77,533 | |||||||||||||||||||||||||||
Consumer | 514 | 262 | 277 | 1,053 | 39,105 | 40,158 | |||||||||||||||||||||||||||
Total other loans | 2,545 | 3,614 | 521 | 6,680 | 111,011 | 117,691 | |||||||||||||||||||||||||||
Total loans | $ | 8,563 | $ | 5,294 | $ | 12,361 | $ | 26,218 | $ | 681,238 | $ | 707,456 | |||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | 30-59 | 60-89 | Greater | Total | Current | Total | |||||||||||||||||||||||||||
Days | Days | Than 90 | Past Due | Loans | Loans | ||||||||||||||||||||||||||||
Past Due | Past Due | Days | |||||||||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 2,241 | $ | 236 | $ | 20 | $ | 2,497 | $ | 114,245 | $ | 116,742 | |||||||||||||||||||||
Home equity loans and lines | 62 | 17 | — | 79 | 26,914 | 26,993 | |||||||||||||||||||||||||||
Commercial real estate | 1,008 | 757 | 511 | 2,276 | 183,528 | 185,804 | |||||||||||||||||||||||||||
Construction and land | 285 | — | 167 | 452 | 66,423 | 66,875 | |||||||||||||||||||||||||||
Multi-family residential | 220 | — | 529 | 749 | 7,709 | 8,458 | |||||||||||||||||||||||||||
Total real estate loans | 3,816 | 1,010 | 1,227 | 6,053 | 398,819 | 404,872 | |||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | 60 | 35 | 170 | 265 | 66,056 | 66,321 | |||||||||||||||||||||||||||
Consumer | 479 | 449 | 1 | 929 | 32,412 | 33,341 | |||||||||||||||||||||||||||
Total other loans | 539 | 484 | 171 | 1,194 | 98,468 | 99,662 | |||||||||||||||||||||||||||
Total originated loans | $ | 4,355 | $ | 1,494 | $ | 1,398 | $ | 7,247 | $ | 497,287 | $ | 504,534 | |||||||||||||||||||||
Non-covered acquired loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 726 | $ | 240 | $ | 1,489 | $ | 2,455 | $ | 47,488 | $ | 49,943 | |||||||||||||||||||||
Home equity loans and lines | 54 | 98 | 147 | 299 | 9,824 | 10,123 | |||||||||||||||||||||||||||
Commercial real estate | 348 | 92 | 2,907 | 3,347 | 40,785 | 44,132 | |||||||||||||||||||||||||||
Construction and land | 577 | — | 366 | 943 | 2,707 | 3,650 | |||||||||||||||||||||||||||
Multi-family residential | 311 | — | 678 | 989 | 8,829 | 9,818 | |||||||||||||||||||||||||||
Total real estate loans | 2,016 | 430 | 5,587 | 8,033 | 109,633 | 117,666 | |||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | 48 | 65 | — | 113 | 4,356 | 4,469 | |||||||||||||||||||||||||||
Consumer | — | — | — | — | 695 | 695 | |||||||||||||||||||||||||||
Total other loans | 48 | 65 | — | 113 | 5,051 | 5,164 | |||||||||||||||||||||||||||
Total non-covered acquired loans | $ | 2,064 | $ | 495 | $ | 5,587 | $ | 8,146 | $ | 114,684 | $ | 122,830 | |||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 1,438 | $ | 1,079 | $ | 1,706 | $ | 4,223 | $ | 6,908 | $ | 11,131 | |||||||||||||||||||||
Home equity loans and lines | 294 | — | 135 | 429 | 2,880 | 3,309 | |||||||||||||||||||||||||||
Commercial real estate | 76 | 4 | 1,209 | 1,289 | 21,580 | 22,869 | |||||||||||||||||||||||||||
Construction and land | 89 | 6 | 1,249 | 1,344 | 3,660 | 5,004 | |||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | 1,383 | 1,383 | |||||||||||||||||||||||||||
Total real estate loans | 1,897 | 1,089 | 4,299 | 7,285 | 36,411 | 43,696 | |||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | — | 75 | 366 | 441 | 1,022 | 1,463 | |||||||||||||||||||||||||||
Consumer | 44 | 4 | 13 | 61 | 544 | 605 | |||||||||||||||||||||||||||
Total other loans | 44 | 79 | 379 | 502 | 1,566 | 2,068 | |||||||||||||||||||||||||||
Total covered loans | $ | 1,941 | $ | 1,168 | $ | 4,678 | $ | 7,787 | $ | 37,977 | $ | 45,764 | |||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 4,405 | $ | 1,555 | $ | 3,215 | $ | 9,175 | $ | 168,641 | $ | 177,816 | |||||||||||||||||||||
Home equity loans and lines | 410 | 115 | 282 | 807 | 39,618 | 40,425 | |||||||||||||||||||||||||||
Commercial real estate | 1,432 | 853 | 4,627 | 6,912 | 245,893 | 252,805 | |||||||||||||||||||||||||||
Construction and land | 951 | 6 | 1,782 | 2,739 | 72,790 | 75,529 | |||||||||||||||||||||||||||
Multi-family residential | 531 | — | 1,207 | 1,738 | 17,921 | 19,659 | |||||||||||||||||||||||||||
Total real estate loans | $ | 7,729 | 2,529 | 11,113 | 21,371 | 544,863 | 566,234 | ||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | 108 | 175 | 536 | 819 | 71,434 | 72,253 | |||||||||||||||||||||||||||
Consumer | 523 | 453 | 14 | 990 | 33,651 | 34,641 | |||||||||||||||||||||||||||
Total other loans | 631 | 628 | 550 | 1,809 | 105,085 | 106,894 | |||||||||||||||||||||||||||
Total loans | $ | 8,360 | $ | 3,157 | $ | 11,663 | $ | 23,180 | $ | 649,948 | $ | 673,128 | |||||||||||||||||||||
Summary of Information Pertaining to Impaired Loans Excluding Acquired Loans | ' | ||||||||||||||||||||||||||||||||
The following is a summary of information pertaining to impaired loans, excluding acquired loans, as of the dates indicated. | |||||||||||||||||||||||||||||||||
For the Year Ended December 31, 2013 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 386 | $ | 386 | $ | — | $ | 782 | $ | 12 | |||||||||||||||||||||||
Home equity loans and lines | 3 | 3 | — | 26 | — | ||||||||||||||||||||||||||||
Commercial real estate | 360 | 360 | — | 1,336 | — | ||||||||||||||||||||||||||||
Construction and land | — | — | — | 80 | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | 325 | — | ||||||||||||||||||||||||||||
Commercial and industrial | 584 | 584 | — | 743 | 17 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total | $ | 1,333 | $ | 1,333 | $ | — | $ | 3,292 | $ | 29 | |||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | — | $ | 126 | $ | — | |||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | 102 | — | ||||||||||||||||||||||||||||
Construction and land | — | — | — | 5 | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial and industrial | 1,247 | 1,247 | 482 | 987 | 38 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total | $ | 1,247 | $ | 1,247 | $ | 482 | $ | 1,220 | $ | 38 | |||||||||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 386 | $ | 386 | $ | — | $ | 908 | $ | 12 | |||||||||||||||||||||||
Home equity loans and lines | 3 | 3 | — | 26 | — | ||||||||||||||||||||||||||||
Commercial real estate | 360 | 360 | — | 1,438 | — | ||||||||||||||||||||||||||||
Construction and land | — | — | — | 85 | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | 325 | — | ||||||||||||||||||||||||||||
Commercial and industrial | 1,831 | 1,831 | 482 | 1,730 | 55 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total | $ | 2,580 | $ | 2,580 | $ | 482 | $ | 4,512 | $ | 67 | |||||||||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 1,117 | $ | 1,117 | $ | — | $ | 956 | $ | 62 | |||||||||||||||||||||||
Home equity loans and lines | 56 | 56 | — | 71 | 2 | ||||||||||||||||||||||||||||
Commercial real estate | 2,985 | 2,985 | — | 3,451 | 100 | ||||||||||||||||||||||||||||
Construction and land | 60 | 60 | — | 631 | — | ||||||||||||||||||||||||||||
Multi-family residential | 528 | 528 | — | 528 | — | ||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | 48 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total | $ | 4,746 | $ | 4,746 | $ | — | $ | 5,685 | $ | 164 | |||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 347 | $ | 347 | $ | 49 | $ | 445 | $ | 23 | |||||||||||||||||||||||
Home equity loans and lines | — | — | — | 3 | — | ||||||||||||||||||||||||||||
Commercial real estate | 443 | 443 | 134 | 296 | 30 | ||||||||||||||||||||||||||||
Construction and land | — | — | — | 950 | — | ||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | 29 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total | $ | 790 | $ | 790 | $ | 183 | $ | 1,723 | $ | 53 | |||||||||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 1,464 | $ | 1,464 | $ | 49 | $ | 1,401 | $ | 85 | |||||||||||||||||||||||
Home equity loans and lines | 56 | 56 | — | 74 | 2 | ||||||||||||||||||||||||||||
Commercial real estate | 3,428 | 3,428 | 134 | 3,747 | 130 | ||||||||||||||||||||||||||||
Construction and land | 60 | 60 | — | 1,581 | — | ||||||||||||||||||||||||||||
Multi-family residential | 528 | 528 | — | 528 | — | ||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | 77 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total | $ | 5,536 | $ | 5,536 | $ | 183 | $ | 7,408 | $ | 217 | |||||||||||||||||||||||
Summary of Information Pertaining to Nonaccrual Noncovered Loans | ' | ||||||||||||||||||||||||||||||||
A summary of information pertaining to nonaccrual loans as of December 31, 2013 and 2012 is as follows. | |||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
(dollars in thousands) | Originated | Non- | Covered | Total | Originated | Non- | Covered | Total | |||||||||||||||||||||||||
covered | covered | ||||||||||||||||||||||||||||||||
Acquired(1) | Acquired(1) | ||||||||||||||||||||||||||||||||
Nonaccrual loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | 689 | $ | 4,744 | $ | 2,184 | $ | 7,617 | $ | 126 | $ | 4,518 | $ | 2,616 | $ | 7,260 | |||||||||||||||||
Home equity loans and lines | 66 | 487 | 170 | 723 | — | 149 | 135 | 284 | |||||||||||||||||||||||||
Commercial real estate | 1,939 | 3,957 | 1,221 | 7,117 | 1,187 | 4,180 | 1,617 | 6,984 | |||||||||||||||||||||||||
Construction and land | 84 | 1,307 | 440 | 1,831 | 166 | 543 | 3,404 | 4,113 | |||||||||||||||||||||||||
Multi-family residential | — | 2,248 | — | 2,248 | 529 | 798 | — | 1,327 | |||||||||||||||||||||||||
Commercial and industrial | 3,881 | — | 954 | 4,835 | 170 | — | 1,746 | 1,916 | |||||||||||||||||||||||||
Consumer | 277 | — | 111 | 388 | 1 | — | 62 | 63 | |||||||||||||||||||||||||
Total | $ | 6,936 | $ | 12,743 | $ | 5,080 | $ | 24,759 | $ | 2,179 | $ | 10,188 | $ | 9,580 | $ | 21,947 | |||||||||||||||||
(1) | Nonaccrual non-covered acquired loans accounted for under ASC 310-30 at the time of acquisition totaled $5.5 million and $3.4 million as of December 31, 2013 and 2012, respectively. | ||||||||||||||||||||||||||||||||
Information about the Company's TDRs | ' | ||||||||||||||||||||||||||||||||
Information about the Company’s TDRs is presented in the following tables. | |||||||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | Current | Past Due | Nonaccrual | Total | |||||||||||||||||||||||||||||
Greater Than | TDRs | TDRs(1) | |||||||||||||||||||||||||||||||
30 Days | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | 296 | $ | 296 | |||||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | 275 | — | 111 | 386 | |||||||||||||||||||||||||||||
Construction and land | 147 | — | — | 147 | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | |||||||||||||||||||||||||||||
Total real estate loans | 422 | — | 407 | 829 | |||||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | 3 | — | — | 3 | |||||||||||||||||||||||||||||
Total other loans | 3 | — | — | 3 | |||||||||||||||||||||||||||||
Total loans | $ | 425 | $ | — | $ | 407 | $ | 832 | |||||||||||||||||||||||||
Non-covered acquired loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | 586 | $ | 586 | |||||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | 1,046 | 1,046 | |||||||||||||||||||||||||||||
Construction and land | — | — | — | — | |||||||||||||||||||||||||||||
Multi-family residential | — | — | 676 | 676 | |||||||||||||||||||||||||||||
Total real estate loans | — | — | 2,308 | 2,308 | |||||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total other loans | — | — | — | — | |||||||||||||||||||||||||||||
Total loans | $ | — | $ | — | $ | 2,308 | $ | 2,308 | |||||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||||||
Construction and land | — | — | 392 | 392 | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | |||||||||||||||||||||||||||||
Total real estate loans | — | — | 392 | 392 | |||||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | 830 | 830 | |||||||||||||||||||||||||||||
Consumer | 5 | — | 31 | 36 | |||||||||||||||||||||||||||||
Total other loans | 5 | — | 861 | 866 | |||||||||||||||||||||||||||||
Total loans | $ | 5 | $ | — | $ | 1,253 | $ | 1,258 | |||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | 882 | $ | 882 | |||||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | 275 | — | 1,157 | 1,432 | |||||||||||||||||||||||||||||
Construction and land | 147 | — | 392 | 539 | |||||||||||||||||||||||||||||
Multi-family residential | — | — | 676 | 676 | |||||||||||||||||||||||||||||
Total real estate loans | 422 | — | 3,107 | 3,529 | |||||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | 830 | 830 | |||||||||||||||||||||||||||||
Consumer | 8 | — | 31 | 39 | |||||||||||||||||||||||||||||
Total other loans | 8 | — | 861 | 869 | |||||||||||||||||||||||||||||
Total loans | $ | 430 | $ | — | $ | 3,968 | $ | 4,398 | |||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||
(dollars in thousands) | Current | Past Due | Nonaccrual | Total | |||||||||||||||||||||||||||||
Greater Than | TDRs | TDRs(1) | |||||||||||||||||||||||||||||||
30 Days | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | 310 | $ | — | $ | 310 | |||||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | 299 | 112 | 411 | |||||||||||||||||||||||||||||
Construction and land | 182 | — | — | 182 | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | |||||||||||||||||||||||||||||
Total real estate loans | 182 | 609 | 112 | 903 | |||||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | 5 | — | — | 5 | |||||||||||||||||||||||||||||
Consumer | 12 | — | — | 12 | |||||||||||||||||||||||||||||
Total other loans | 17 | — | — | 17 | |||||||||||||||||||||||||||||
Total loans | $ | 199 | $ | 609 | $ | 112 | $ | 920 | |||||||||||||||||||||||||
Non-covered acquired loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | 52 | $ | 52 | |||||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | 1,126 | 1,126 | |||||||||||||||||||||||||||||
Construction and land | — | — | — | — | |||||||||||||||||||||||||||||
Multi-family residential | — | — | 678 | 678 | |||||||||||||||||||||||||||||
Total real estate loans | — | — | 1,856 | 1,856 | |||||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total other loans | — | — | — | — | |||||||||||||||||||||||||||||
Total loans | $ | — | $ | — | $ | 1,856 | $ | 1,856 | |||||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||||||
Construction and land | 289 | — | — | 289 | |||||||||||||||||||||||||||||
Multi-family residential | — | — | — | — | |||||||||||||||||||||||||||||
Total real estate loans | 289 | — | — | 289 | |||||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | 896 | 896 | |||||||||||||||||||||||||||||
Consumer | 17 | — | — | 17 | |||||||||||||||||||||||||||||
Total other loans | 17 | — | 896 | 913 | |||||||||||||||||||||||||||||
Total loans | $ | 306 | $ | — | $ | 896 | $ | 1,202 | |||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | $ | — | $ | 310 | $ | 52 | $ | 362 | |||||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | 299 | 1,238 | 1,537 | |||||||||||||||||||||||||||||
Construction and land | 471 | — | — | 471 | |||||||||||||||||||||||||||||
Multi-family residential | — | — | 678 | 678 | |||||||||||||||||||||||||||||
Total real estate loans | 471 | 609 | 1,968 | 3,048 | |||||||||||||||||||||||||||||
Other loans: | |||||||||||||||||||||||||||||||||
Commercial and industrial | 5 | — | 896 | 901 | |||||||||||||||||||||||||||||
Consumer | 29 | — | — | 29 | |||||||||||||||||||||||||||||
Total other loans | 34 | — | 896 | 930 | |||||||||||||||||||||||||||||
Total loans | $ | 505 | $ | 609 | $ | 2,864 | $ | 3,978 | |||||||||||||||||||||||||
Summary of Information Pertaining to Modified Terms of Loans | ' | ||||||||||||||||||||||||||||||||
A summary of information pertaining to modified terms of loans, as of the date indicated is as follows. | |||||||||||||||||||||||||||||||||
As of December 31, 2013 | As of December 31, 2012 | ||||||||||||||||||||||||||||||||
(dollars in thousands) | Number of | Pre- | Post- | Number of | Pre- | Post- | |||||||||||||||||||||||||||
Contracts | modification | modification | Contracts | modification | modification | ||||||||||||||||||||||||||||
Outstanding | Outstanding | Outstanding | Outstanding | ||||||||||||||||||||||||||||||
Recorded | Recorded | Recorded | Recorded | ||||||||||||||||||||||||||||||
Investment | Investment | Investment | Investment | ||||||||||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||||||||||
One- to four-family first mortgage | 5 | $ | 1,036 | $ | 882 | 2 | $ | 365 | $ | 361 | |||||||||||||||||||||||
Home equity loans and lines | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate | 3 | 1,452 | 1,432 | 3 | 1,556 | 1,537 | |||||||||||||||||||||||||||
Construction and land | 4 | 1,299 | 539 | 3 | 936 | 471 | |||||||||||||||||||||||||||
Multi-family residential | 1 | 784 | 676 | 1 | 787 | 679 | |||||||||||||||||||||||||||
Commercial and industrial | 1 | 1,174 | 830 | 2 | 1,250 | 901 | |||||||||||||||||||||||||||
Other consumer | 5 | 66 | 39 | 3 | 41 | 29 | |||||||||||||||||||||||||||
Total | 19 | $ | 5,811 | $ | 4,398 | 14 | $ | 4,935 | $ | 3,978 | |||||||||||||||||||||||
Loan_Servicing_Tables
Loan Servicing (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Text Block [Abstract] | ' | ||||||||||||
Unpaid Principal Balance of Serviced Mortgage Loans for Others | ' | ||||||||||||
The unpaid principal balances of these loans as of December 31 of the years indicated are summarized as follows: | |||||||||||||
(dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Mortgage loans sold to Federal Home Loan Mortgage Corporation without recourse | $ | 13,325 | $ | 16,755 | $ | 23,832 | |||||||
Mortgage loans sold to Federal National Mortgage Association without recourse | 106,597 | 116,352 | 112,693 | ||||||||||
Balance, end of period | $ | 119,922 | $ | 133,107 | $ | 136,525 | |||||||
Activity Related to Servicing Assets | ' | ||||||||||||
Activity related to servicing assets for the years ended December 31, 2013, 2012 and 2011 is summarized as follows. | |||||||||||||
(dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Balance at the beginning of the year | $ | 611 | $ | 545 | $ | 145 | |||||||
Recognition of servicing assets from the transfer of financial assets (1) | 101 | 261 | 529 | ||||||||||
Amortization | (196 | ) | (195 | ) | (129 | ) | |||||||
Balance, end of period | $ | 516 | $ | 611 | $ | 545 | |||||||
Fair value, end of period | $ | 1,009 | $ | 1,995 | $ | 1,811 | |||||||
(2) | Includes $404,000 acquired in 2011 from the acquisition of GSFC. |
Office_Properties_and_Equipmen1
Office Properties and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Summary of Office Properties and Equipment | ' | ||||||||
Office properties and equipment consisted of the following as of December 31 of the years indicated. | |||||||||
(dollars in thousands) | 2013 | 2012 | |||||||
Land | $ | 10,330 | $ | 10,330 | |||||
Buildings and improvements | 23,170 | 22,809 | |||||||
Furniture and equipment | 10,419 | 9,433 | |||||||
Total office properties and equipment | 43,919 | 42,572 | |||||||
Less accumulated depreciation | 13,216 | 11,795 | |||||||
Total office properties and equipment, net | $ | 30,703 | $ | 30,777 | |||||
Goodwill_and_Intangibles_Table
Goodwill and Intangibles (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||
Summary of Core Deposit Intangible Assets | ' | ||||||||
A summary of core deposit intangible assets as of December 31 of the years indicated follows. | |||||||||
(dollars in thousands) | 2013 | 2012 | |||||||
Gross carrying amount | $ | 1,385 | $ | 1,762 | |||||
Core deposit intangibles acquired during the year | — | — | |||||||
Less amortization | (332 | ) | (377 | ) | |||||
Total core deposit intangible asset | $ | 1,053 | $ | 1,385 | |||||
Deposits_Tables
Deposits (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Banking And Thrift [Abstract] | ' | ||||||||
Schedule of Deposits Classifications | ' | ||||||||
Deposits consisted of the following major classifications as of December 31 of the years indicated. | |||||||||
(dollars in thousands) | 2013 | 2012 | |||||||
Demand deposit accounts | $ | 174,475 | $ | 152,462 | |||||
Savings | 56,694 | 51,515 | |||||||
Money market accounts | 192,303 | 191,191 | |||||||
NOW accounts | 125,391 | 123,294 | |||||||
Certificates of deposit | 192,449 | 252,967 | |||||||
Total deposits | $ | 741,312 | $ | 771,429 | |||||
Scheduled Maturities of Certificates of Deposit | ' | ||||||||
As of December 31, 2013, the scheduled maturities of certificates of deposit are as follows. | |||||||||
(dollars in thousands) | Amount | ||||||||
2014 | $ | 115,188 | |||||||
2015 | 49,692 | ||||||||
2016 | 7,618 | ||||||||
2017 | 4,529 | ||||||||
2018 | 1,164 | ||||||||
Thereafter | 14,258 | ||||||||
Total certificates of deposit | $ | 192,449 | |||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Summarized Income Tax (Benefit) Expense | ' | ||||||||||||
The Company files federal income tax returns on a calendar year basis. Income tax (benefit) expense for the years indicated is summarized as follows: | |||||||||||||
(dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Current | $ | 5,001 | $ | 4,281 | $ | 988 | |||||||
Deferred | (1,265 | ) | 324 | 1,647 | |||||||||
Total income tax expense | $ | 3,736 | $ | 4,605 | $ | 2,635 | |||||||
Summarized Deferred Tax Asset | ' | ||||||||||||
The components of the Company’s net deferred tax asset as of December 31 of the years indicated are as follows: | |||||||||||||
(dollars in thousands) | 2013 | 2012 | |||||||||||
Deferred tax assets (liabilities): | |||||||||||||
FHLB stock dividends | $ | (7 | ) | $ | 10 | ||||||||
Provision for loan losses | 2,421 | 1,809 | |||||||||||
Accumulated depreciation | (1,166 | ) | (1,204 | ) | |||||||||
Intangible assets | 311 | 203 | |||||||||||
Unrealized gain on securities available for sale | (105 | ) | (1,668 | ) | |||||||||
Discount on purchased loans | (372 | ) | (435 | ) | |||||||||
Borrowings | — | 67 | |||||||||||
Premium on purchased deposits | 9 | 34 | |||||||||||
Mortgage servicing rights | (181 | ) | (208 | ) | |||||||||
Deferred compensation | 763 | 284 | |||||||||||
Stock-based compensation | 790 | 623 | |||||||||||
Other | 1,060 | 1,116 | |||||||||||
Deferred tax asset | $ | 3,523 | $ | 631 | |||||||||
Provision for Federal Income Taxes | ' | ||||||||||||
For the years ended December 31, 2013, 2012 and 2011, the provision for federal income taxes differed from the amount computed by applying the federal income tax statutory rate of 35% for the year 2013 and 34% for previous years on income from operations as indicated in the following analysis: | |||||||||||||
(dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Federal tax based on statutory rate | $ | 3,857 | $ | 4,686 | $ | 2,637 | |||||||
State tax based on statutory rate | 10 | 13 | 16 | ||||||||||
(Decrease) increase resulting from: | |||||||||||||
Effect of tax-exempt income | (294 | ) | (160 | ) | (76 | ) | |||||||
Other | 163 | 66 | 58 | ||||||||||
Income tax expense | $ | 3,736 | $ | 4,605 | $ | 2,635 | |||||||
Effective tax rate | 33.9 | % | 33.4 | % | 34 | % | |||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||
Summary of Outstanding Commitments to Originate Loans and to Advance Additional Amounts | ' | ||||||||
The following table summarizes our outstanding commitments to originate loans and to advance additional amounts pursuant to outstanding letters of credit, lines of credit and the undisbursed portion of construction loans as of December 31 of the years indicated. | |||||||||
Contract Amount | |||||||||
(dollars in thousands) | 2013 | 2012 | |||||||
Standby letters of credit | $ | 1,253 | $ | 2,907 | |||||
Available portion of lines of credit | 60,755 | 59,124 | |||||||
Undisbursed portion of loans in process | 72,333 | 47,678 | |||||||
Commitments to originate loans | 48,854 | 77,857 |
Regulatory_Matters_Tables
Regulatory Matters (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||||||||||||||
Bank's Actual Capital Amounts and Ratios | ' | ||||||||||||||||||||||||
The Bank’s actual capital amounts and ratios are also presented in the following table. | |||||||||||||||||||||||||
(dollars in thousands) | Actual | Minimum | To Be Well | ||||||||||||||||||||||
For Capital | Capitalized | ||||||||||||||||||||||||
Adequacy | Under Prompt | ||||||||||||||||||||||||
Purposes | Corrective | ||||||||||||||||||||||||
Action | |||||||||||||||||||||||||
Provisions | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Tier 1 risk-based capital: | $ | 139,182 | 20.84 | % | $ | 26,712 | 4 | % | $ | 40,068 | 6 | % | |||||||||||||
Total risk-based capital: | 146,100 | 21.88 | % | 53,424 | 8 | % | 66,780 | 10 | % | ||||||||||||||||
Tier 1 leverage capital: | 139,182 | 14.17 | % | 14,730 | 4 | % | 49,100 | 5 | % | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Tier 1 risk-based capital: | $ | 130,002 | 20.97 | % | $ | 24,796 | 4 | % | $ | 37,195 | 6 | % | |||||||||||||
Total risk-based capital: | 135,322 | 21.83 | % | 49,593 | 8 | % | 61,991 | 10 | % | ||||||||||||||||
Tier 1 leverage capital: | 130,002 | 13.67 | % | 38,050 | 4 | % | 47,562 | 5 | % |
Benefit_Plans_Tables
Benefit Plans (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Postemployment Benefits [Abstract] | ' | ||||
Summary of Employee Stock Ownership Plan | ' | ||||
A summary of the ESOP share allocation as of December 31, 2013 follows. | |||||
Shares allocated, beginning of year | 143,578 | ||||
Shares allocated during the year | 35,710 | ||||
Shares distributed during the year | (7,341 | ) | |||
Allocated shares held by ESOP trust as of year end | 171,947 | ||||
Unallocated shares | 526,683 | ||||
Total ESOP shares | 698,630 | ||||
Stockbased_Payment_Arrangement1
Stock-based Payment Arrangements (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||||||
Assumptions Made to Estimate Fair Value | ' | ||||||||||||||||||||
The following assumptions were made in estimating 2013 fair values: | |||||||||||||||||||||
Expected dividends | 1.5 | % | |||||||||||||||||||
Expected volatility | 32.42 | % | |||||||||||||||||||
Risk-free interest rate | 1.7 | % | |||||||||||||||||||
Expected term (in years) | 6.5 | ||||||||||||||||||||
Summary of Stock Option Activity | ' | ||||||||||||||||||||
The following table represents stock option activity for the year ended December 31, 2013. | |||||||||||||||||||||
Options | Number of | Weighted- | Weighted- | Weighted- | Aggregate | ||||||||||||||||
Options | Average | Average | Average | Intrinsic Value | |||||||||||||||||
Exercise | Grant Date | Remaining | |||||||||||||||||||
Price | Fair Value | Contractual | |||||||||||||||||||
Term | |||||||||||||||||||||
(Years) | |||||||||||||||||||||
Outstanding as of January 1, 2013 | 850,520 | $ | 11.84 | $ | 3.89 | ||||||||||||||||
Granted | 17,500 | 17.67 | 5.18 | ||||||||||||||||||
Exercised | (7,900 | ) | 11.53 | 3.79 | |||||||||||||||||
Forfeited | (10,100 | ) | 15.25 | 5.23 | |||||||||||||||||
Outstanding as of December 31, 2013 | 850,020 | $ | 11.92 | $ | 3.9 | 5.7 | $ | 5,889,000 | |||||||||||||
Exercisable as of December 31, 2013 | 631,484 | $ | 11.58 | $ | 3.79 | 5.4 | $ | 4,593,000 | |||||||||||||
Unvested Restricted Stock Activity | ' | ||||||||||||||||||||
The following table represents unvested restricted stock activity in the RRP for the year ended December 31, 2013. | |||||||||||||||||||||
Number | Weighted- | ||||||||||||||||||||
of Shares | Average | ||||||||||||||||||||
Grant | |||||||||||||||||||||
Date Fair | |||||||||||||||||||||
Value | |||||||||||||||||||||
Balance, beginning of year | 144,840 | $ | 11.83 | ||||||||||||||||||
Granted | 8,000 | 17.54 | |||||||||||||||||||
Forfeited | (3,900 | ) | 15.5 | ||||||||||||||||||
Released | (68,920 | ) | 11.63 | ||||||||||||||||||
Balance, end of period | 80,020 | $ | 12.39 | ||||||||||||||||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings Per Common Share | ' | ||||||||||||
Earnings per common share was computed based on the following: | |||||||||||||
Years Ended December 31, | |||||||||||||
(in thousands, except per share data) | 2013 | 2012 | 2011 | ||||||||||
Numerator: | |||||||||||||
Income applicable to common shares | $ | 7,294 | $ | 9,190 | $ | 5,120 | |||||||
Denominator: | |||||||||||||
Weighted average common shares outstanding | 6,591 | 6,912 | 7,106 | ||||||||||
Effect of dilutive securities: | |||||||||||||
Restricted stock | 317 | 271 | 125 | ||||||||||
Weighted average common shares outstanding - assuming dilution | 6,908 | 7,183 | 7,231 | ||||||||||
Earnings per common share | $ | 1.11 | $ | 1.33 | $ | 0.72 | |||||||
Earnings per common share - assuming dilution | $ | 1.06 | $ | 1.28 | $ | 0.71 | |||||||
Related_Party_Transactions_Tab
Related Party Transactions (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Related Party Transactions [Abstract] | ' | ||||
Summary of Related Party Loan Activity | ' | ||||
A summary of related party loan activity during 2013 follows. | |||||
(dollars in thousands) | |||||
Balance, beginning of year | $ | 7,858 | |||
New loans | 1,700 | ||||
Repayments, net | (2,281 | ) | |||
Balance, end of year | $ | 7,277 | |||
Fair_Value_Disclosures_Tables
Fair Value Disclosures (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Summary of Assets and Liabilities Measured on Recurring Basis | ' | ||||||||||||||||||||
The following tables present the balances of assets and liabilities measured on a recurring basis as of December 31, 2013 and 2012 aggregated by the level in the fair value hierarchy in which these measurements fall. | |||||||||||||||||||||
(dollars in thousands) | December 31, | Level 1 | Level 2 | Level 3 | |||||||||||||||||
2013 | |||||||||||||||||||||
Available for sale securities: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 96,785 | $ | — | $ | 96,785 | $ | — | |||||||||||||
Non-U.S. agency mortgage-backed | 9,749 | — | 9,749 | — | |||||||||||||||||
Municipal bonds | 19,799 | — | 19,799 | — | |||||||||||||||||
U.S. government agency | 23,299 | — | 23,299 | — | |||||||||||||||||
Total | $ | 149,632 | $ | — | $ | 149,632 | $ | — | |||||||||||||
(dollars in thousands) | December 31, | Level 1 | Level 2 | Level 3 | |||||||||||||||||
2012 | |||||||||||||||||||||
Available for sale securities: | |||||||||||||||||||||
U.S. agency mortgage-backed | $ | 102,513 | $ | — | $ | 102,513 | $ | — | |||||||||||||
Non-U.S. agency mortgage-backed | 12,668 | — | 12,668 | — | |||||||||||||||||
Municipal bonds | 17,585 | — | 17,585 | — | |||||||||||||||||
U.S. government agency | 24,490 | — | 24,490 | — | |||||||||||||||||
Total | $ | 157,256 | $ | — | $ | 157,256 | $ | — | |||||||||||||
Summary of Financial Assets and Liabilities Measured at Fair Value on Nonrecurring Basis | ' | ||||||||||||||||||||
The Company has segregated all financial assets and liabilities that are measured at fair value on a nonrecurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date in the table below. | |||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
(dollars in thousands) | December 31, | Level 1 | Level 2 | Level 3 | |||||||||||||||||
2013 | |||||||||||||||||||||
Assets | |||||||||||||||||||||
Acquired loans with deteriorated credit quality | $ | 26,220 | $ | — | $ | — | $ | 26,220 | |||||||||||||
Acquired loans without deteriorated credit quality | 85,732 | — | — | 85,732 | |||||||||||||||||
Impaired loans excluding acquired loans | 2,099 | — | — | 2,099 | |||||||||||||||||
Repossessed assets | 4,566 | — | — | 4,566 | |||||||||||||||||
FDIC loss sharing receivable | 12,698 | — | — | 12,698 | |||||||||||||||||
Total | $ | 131,315 | $ | — | $ | — | $ | 131,315 | |||||||||||||
Liabilities | |||||||||||||||||||||
Deposits acquired through business combinations | $ | 39,010 | $ | — | $ | — | $ | 39,010 | |||||||||||||
FHLB advances acquired through business combinations | — | — | — | — | |||||||||||||||||
Total | $ | 39,010 | $ | — | $ | — | $ | 39,010 | |||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
(dollars in thousands) | December 31, | Level 1 | Level 2 | Level 3 | |||||||||||||||||
2012 | |||||||||||||||||||||
Assets | |||||||||||||||||||||
Acquired loans with deteriorated credit quality | $ | 50,854 | $ | — | $ | — | $ | 50,854 | |||||||||||||
Acquired loans without deteriorated credit quality | 117,536 | — | — | 117,536 | |||||||||||||||||
Impaired loans excluding acquired loans | 5,353 | — | — | 5,353 | |||||||||||||||||
Repossessed assets | 6,454 | — | — | 6,454 | |||||||||||||||||
FDIC loss sharing receivable | 15,546 | — | — | 15,546 | |||||||||||||||||
Total | $ | 195,743 | $ | — | $ | — | $ | 195,743 | |||||||||||||
Liabilities | |||||||||||||||||||||
Deposits acquired through business combinations | $ | 81,948 | $ | — | $ | — | $ | 81,948 | |||||||||||||
FHLB advances acquired through business combinations | 18,257 | — | — | 18,257 | |||||||||||||||||
Total | $ | 100,205 | $ | — | $ | — | $ | 100,205 | |||||||||||||
Summary of Fair Values of Company's Financial Instruments | ' | ||||||||||||||||||||
The fair value of off-balance sheet financial instruments as of December 31, 2013 and 2012 was immaterial. | |||||||||||||||||||||
Fair Value Measurements at December 31, 2013 | |||||||||||||||||||||
Carrying | Total | Level 1 | Level 2 | Level 3 | |||||||||||||||||
(dollars in thousands) | Amount | ||||||||||||||||||||
Financial Assets | |||||||||||||||||||||
Cash and cash equivalents | $ | 32,639 | $ | 32,639 | $ | 32,639 | $ | — | $ | — | |||||||||||
Interest-bearing deposits in banks | 2,940 | 2,940 | 2,940 | — | — | ||||||||||||||||
Investment securities available for sale | 149,632 | 149,632 | — | 149,632 | — | ||||||||||||||||
Investment securities held to maturity | 9,405 | 9,275 | — | 9,275 | — | ||||||||||||||||
Mortgage loans held for sale | 1,951 | 1,951 | — | 1,951 | — | ||||||||||||||||
Loans, net | 700,538 | 708,863 | — | — | 708,863 | ||||||||||||||||
Cash surrender value of BOLI | 17,751 | 17,751 | 17,751 | — | — | ||||||||||||||||
FDIC loss sharing receivable | 12,698 | 12,698 | — | — | 12,698 | ||||||||||||||||
Financial Liabilities | |||||||||||||||||||||
Deposits | $ | 741,312 | $ | 702,168 | $ | — | $ | 663,158 | $ | 39,010 | |||||||||||
Short-term FHLB advances | 87,000 | 87,000 | 87,000 | — | — | ||||||||||||||||
Long-term FHLB advances | 10,000 | 10,613 | — | 10,613 | — | ||||||||||||||||
Fair Value Measurements at December 31, 2012 | |||||||||||||||||||||
(dollars in thousands) | Carrying | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Amount | |||||||||||||||||||||
Financial Assets | |||||||||||||||||||||
Cash and cash equivalents | $ | 39,539 | $ | 39,539 | $ | 39,529 | $ | — | $ | — | |||||||||||
Interest-bearing deposits in banks | 3,529 | 3,529 | 3,529 | — | — | ||||||||||||||||
Investment securities available for sale | 157,256 | 157,256 | — | 157,256 | — | ||||||||||||||||
Investment securities held to maturity | 1,665 | 1,746 | — | 1,746 | — | ||||||||||||||||
Mortgage loans held for sale | 5,627 | 5,627 | — | 5,627 | — | ||||||||||||||||
Loans, net | 667,809 | 676,622 | — | — | 676,622 | ||||||||||||||||
Cash surrender value of BOLI | 17,286 | 17,286 | 17,286 | — | — | ||||||||||||||||
FDIC loss sharing receivable | 15,546 | 15,546 | — | — | 15,546 | ||||||||||||||||
Financial Liabilities | |||||||||||||||||||||
Deposits | $ | 771,429 | $ | 774,325 | $ | — | $ | 692,377 | $ | 81,948 | |||||||||||
Short-term FHLB advances | 10,000 | 10,000 | 10,000 | — | — | ||||||||||||||||
Long-term FHLB advances | 36,257 | 37,619 | — | 19,362 | 18,257 |
Condensed_Parent_Company_Only_1
Condensed Parent Company Only Financial Statements (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Condensed Balance Sheets | ' | ||||||||||||
Condensed financial statements of Home Bancorp, Inc. (parent company only) are shown below. The parent company has no significant operating activities. | |||||||||||||
Condensed Balance Sheets | |||||||||||||
December 31, 2013 and 2012 | |||||||||||||
(dollars in thousands) | 2013 | 2012 | |||||||||||
Assets | |||||||||||||
Cash in bank | $ | 313 | $ | 2,088 | |||||||||
Investment securities | — | 4,182 | |||||||||||
Investment in subsidiary | 141,286 | 135,298 | |||||||||||
Other assets | 650 | 629 | |||||||||||
Total assets | $ | 142,249 | $ | 142,197 | |||||||||
Liabilities | $ | 340 | $ | 623 | |||||||||
Shareholders’ equity | 141,909 | 141,574 | |||||||||||
Total liabilities and shareholders’ equity | $ | 142,249 | $ | 142,197 | |||||||||
Condensed Statements of Operations | ' | ||||||||||||
Condensed Statements of Operations | |||||||||||||
For the Years Ended December 31, 2013, 2012 and 2011 | |||||||||||||
(dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Operating income | |||||||||||||
Interest income | $ | 44 | $ | 160 | $ | 397 | |||||||
Gain on sale of investment | 241 | 163 | — | ||||||||||
Dividend from subsidiary | — | — | 18,000 | ||||||||||
Total operating income | 285 | 323 | 18,397 | ||||||||||
Operating expenses | |||||||||||||
Other expenses | 155 | 163 | 203 | ||||||||||
Total operating expenses | 155 | 163 | 203 | ||||||||||
Income before income tax expense and equity in undistributed earnings of subsidiary | 130 | 160 | 18,194 | ||||||||||
Income tax expense | 52 | 63 | 76 | ||||||||||
Income before equity in undistributed earnings of subsidiary | 78 | 97 | 18,118 | ||||||||||
Increase (decrease) in equity in undistributed earnings of subsidiary | 7,216 | 9,093 | (12,998 | ) | |||||||||
Net income | $ | 7,294 | $ | 9,190 | $ | 5,120 | |||||||
Condensed Statements of Cash Flows | ' | ||||||||||||
Condensed Statements of Cash Flows | |||||||||||||
For the Years Ended December 31, 2013, 2012 and 2011 | |||||||||||||
(dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Cash Flows from Operating Activities | |||||||||||||
Net income | $ | 7,294 | $ | 9,190 | $ | 5,120 | |||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||
Net amortization of premium/discount on investments | (3 | ) | (6 | ) | (20 | ) | |||||||
Gain on sale of investment securities | (241 | ) | (163 | ) | — | ||||||||
Non-cash compensation | 652 | 612 | 520 | ||||||||||
(Increase) decrease in accrued interest and other assets | (21 | ) | (558 | ) | 669 | ||||||||
Decrease in equity in net income of subsidiary | (7,216 | ) | (9,093 | ) | (5,002 | ) | |||||||
Dividend from subsidiary | — | — | 18,000 | ||||||||||
(Decrease) increase in accrued expenses and other liabilities | (189 | ) | 788 | (456 | ) | ||||||||
Net Cash Provided by Operating Activities | 276 | 770 | 18,831 | ||||||||||
Cash Flows from Investing Activities | |||||||||||||
Proceeds from prepayment on available for sale securities | 312 | 2,437 | 6,332 | ||||||||||
Proceeds from sale of available for sale securities | 3,837 | 2,527 | — | ||||||||||
Net cash paid in acquisitions | — | — | (26,417 | ) | |||||||||
Net Cash Provided by (Used in) Investing Activities | 4,149 | 4,964 | (20,085 | ) | |||||||||
Cash Flows from Financing Activities | |||||||||||||
Proceeds from exercise of stock options | 91 | 207 | 75 | ||||||||||
Purchase of treasury stock | (6,291 | ) | (5,828 | ) | (5,467 | ) | |||||||
Net Cash Used in Financing Activities | (6,200 | ) | (5,621 | ) | (5,392 | ) | |||||||
Net Increase (Decrease) in Cash and Cash Equivalents | (1,775 | ) | 113 | (6,646 | ) | ||||||||
Cash and Cash Equivalents as of Beginning of Period | 2,088 | 1,975 | 8,621 | ||||||||||
Cash and Cash Equivalents as of End of Period | $ | 313 | $ | 2,088 | $ | 1,975 | |||||||
Consolidated_Quarterly_Results1
Consolidated Quarterly Results of Operations (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Summary of Consolidated Quarterly Results of Operations | ' | ||||||||||||||||
Consolidated Quarterly Results of Operations (unaudited) | |||||||||||||||||
(dollars in thousands, except per share data) | First | Second | Third | Fourth | |||||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||
Total interest income | $ | 10,875 | $ | 10,852 | $ | 11,226 | $ | 10,767 | |||||||||
Total interest expense | 1,025 | 922 | 823 | 733 | |||||||||||||
Net interest income | 9,850 | 9,930 | 10,403 | 10,034 | |||||||||||||
Provision for loan losses | 520 | 2,248 | 453 | 431 | |||||||||||||
Net interest income after provision for loan losses | 9,330 | 7,682 | 9,950 | 9,603 | |||||||||||||
Noninterest income | 1,816 | 2,276 | 1,780 | 1,797 | |||||||||||||
Noninterest expense | 8,333 | 8,094 | 8,003 | 8,774 | |||||||||||||
Income before income taxes | 2,813 | 1,864 | 3,727 | 2,626 | |||||||||||||
Income tax expense | 952 | 621 | 1,244 | 919 | |||||||||||||
Net income | $ | 1,861 | $ | 1,243 | $ | 2,483 | $ | 1,707 | |||||||||
Earnings per share - basic | $ | 0.28 | $ | 0.19 | $ | 0.38 | $ | 0.26 | |||||||||
Earnings per share - diluted | $ | 0.26 | $ | 0.18 | $ | 0.37 | $ | 0.25 | |||||||||
(dollars in thousands, except per share data) | First | Second | Third | Fourth | |||||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||
Total interest income | $ | 11,265 | $ | 11,230 | $ | 12,120 | $ | 11,507 | |||||||||
Total interest expense | 1,313 | 1,262 | 1,204 | 1,135 | |||||||||||||
Net interest income | 9,952 | 9,968 | 10,916 | 10,372 | |||||||||||||
Provision for loan losses | 712 | 1,160 | 56 | 483 | |||||||||||||
Net interest income after provision for loan losses | 9,240 | 8,808 | 10,860 | 9,889 | |||||||||||||
Noninterest income | 1,763 | 1,970 | 2,160 | 1,868 | |||||||||||||
Noninterest expense | 7,872 | 8,113 | 8,462 | 8,316 | |||||||||||||
Income before income taxes | 3,131 | 2,665 | 4,558 | 3,441 | |||||||||||||
Income tax expense | 1,071 | 912 | 1,506 | 1,116 | |||||||||||||
Net income | $ | 2,060 | $ | 1,753 | $ | 3,052 | $ | 2,325 | |||||||||
Earnings per share - basic | $ | 0.3 | $ | 0.25 | $ | 0.44 | $ | 0.34 | |||||||||
Earnings per share - diluted | $ | 0.29 | $ | 0.24 | $ | 0.42 | $ | 0.33 | |||||||||
Description_of_Business_Additi
Description of Business - Additional Information (Detail) | Dec. 31, 2013 |
Office | |
Collaboration Arrangement Disclosure [Abstract] | ' |
Number of banking offices for conducting business | 22 |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Schedule Of Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reserve requirements | $13,601,000 | ' | ' | ' | $16,466,000 | ' | ' | ' | $13,601,000 | $16,466,000 | ' |
Securities held for trading purposes | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' |
Mortgage loans held for sale | 1,951,345 | ' | ' | ' | 5,627,104 | ' | ' | ' | 1,951,345 | 5,627,104 | ' |
Outstanding loans sold to government agencies | 119,922,000 | ' | ' | ' | 133,107,000 | ' | ' | ' | 119,922,000 | 133,107,000 | 136,525,000 |
Number of days for accrual interest to be discontinued and reversed against current income | ' | ' | ' | ' | ' | ' | ' | ' | '90 days | ' | ' |
Amount of losses incurred on Covered Assets | 41,000,000 | ' | ' | ' | ' | ' | ' | ' | 41,000,000 | ' | ' |
Percentage acquired by FDIC in first amount losses covered assets | 80.00% | ' | ' | ' | ' | ' | ' | ' | 80.00% | ' | ' |
Percentage of losses on Covered Assets | 95.00% | ' | ' | ' | ' | ' | ' | ' | 95.00% | ' | ' |
Period for appraises of property | ' | ' | ' | ' | ' | ' | ' | ' | '12 months | ' | ' |
Noncovered Repossessed assets | ' | ' | ' | ' | ' | ' | ' | ' | 1,406,000 | 3,771,000 | ' |
Repossessed Assets | 4,566,000 | ' | ' | ' | 6,454,000 | ' | ' | ' | 4,566,000 | 6,454,000 | ' |
Maximum limit of realized on examination | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' |
Income tax expense | 919,000 | 1,244,000 | 621,000 | 952,000 | 1,116,000 | 1,506,000 | 912,000 | 1,071,000 | 3,736,138 | 4,604,930 | 2,635,411 |
Income tax interest or penalties | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Accrued liability for interest or penalty payments | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | 0 |
Tax effect on unrealized gains on investment securities | ' | ' | ' | ' | ' | ' | ' | ' | -1,413,095 | 853,987 | 474,623 |
Tax effect on reclassification adjustment in net income | ' | ' | ' | ' | ' | ' | ' | ' | -149,870 | -75,406 | 58,068 |
Servicing Contracts [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule Of Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of intangibles | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' |
Government [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule Of Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding loans sold to government agencies | 119,922,000 | ' | ' | ' | 133,107,000 | ' | ' | ' | 119,922,000 | 133,107,000 | ' |
Accounting Standards Update Two Thousand Twelve And Zero Six [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule Of Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of indemnification asset | ' | ' | ' | ' | ' | ' | ' | ' | $1,800,000 | ' | ' |
Minimum [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule Of Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated useful lives of the individual assets | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | ' | ' |
Minimum [Member] | Core Deposits [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule Of Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of intangibles | ' | ' | ' | ' | ' | ' | ' | ' | '9 years | ' | ' |
Maximum [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule Of Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated useful lives of the individual assets | ' | ' | ' | ' | ' | ' | ' | ' | '40 years | ' | ' |
Maximum [Member] | Core Deposits [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule Of Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of intangibles | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' |
Federal Home Loan Bank Certificates and Obligations (FHLB) [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule Of Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
FHLB par value | ' | ' | ' | ' | ' | ' | ' | ' | $100 | ' | ' |
Acquisition_Activity_Additiona
Acquisition Activity - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 15, 2011 | Dec. 31, 2013 | Mar. 12, 2010 | Dec. 31, 2013 |
GS Financial Corp [Member] | GS Financial Corp [Member] | Statewide Bank [Member] | Statewide Bank [Member] | |||
Branch | Branch | |||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' |
Shareholders received per share in cash | ' | ' | $21 | ' | ' | ' |
Aggregate purchase price | ' | ' | $26,417,000 | ' | ' | ' |
Assets acquired | ' | ' | 256,677,000 | ' | 188,026,000 | ' |
Loans included in acquired assets | ' | ' | 182,440,000 | ' | 110,415,000 | ' |
Investment securities included in acquired assets | ' | ' | 46,481,000 | ' | 24,841,000 | ' |
Cash included in acquired assets | ' | ' | 9,262,000 | ' | 11,569,000 | ' |
Core deposit intangible asset recorded | ' | ' | 859,000 | ' | 1,429,000 | ' |
Goodwill recorded | 856,000 | 856,000 | 296,000 | ' | 560,000 | ' |
Liabilities assumed | ' | ' | 230,614,000 | ' | 223,910,000 | ' |
Deposits included in assumed liabilities | ' | ' | 193,518,000 | ' | 206,925,000 | ' |
Federal Home Loan Bank advances | ' | ' | 34,707,000 | ' | 16,824,000 | ' |
Number of branches added | ' | ' | 4 | ' | ' | ' |
Nonaccretable difference | ' | ' | 5,490,000 | ' | ' | ' |
Weighted average remaining contractual life | ' | ' | ' | '8 years 2 months 12 days | ' | '3 years 9 months 18 days |
FDIC loss sharing receivable | 12,698,077 | 15,545,893 | ' | ' | 34,422,000 | ' |
Number of branches expanded | ' | ' | ' | ' | 6 | ' |
Cash Flows from covered loans | ' | ' | ' | $3,578,000 | ' | ' |
Acquisition_Activity_Summary_o
Acquisition Activity - Summary of the Accretable Yield on the Loans Acquired from GSFC with Deteriorated Credit Quality (Detail) (GS Financial Corp [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
GS Financial Corp [Member] | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Balance, beginning of period | ($839) | ($644) | ' |
Acquisition accretable yield | ' | ' | -1,169 |
Accretion | 133 | 966 | 525 |
Net transfers from nonaccretable difference to accretable yield | -575 | -1,161 | ' |
Balance, end of period | ($1,281) | ($839) | ($644) |
Acquisition_Activity_Summary_o1
Acquisition Activity - Summary of the Accretable Yield on the Acquired Loans (Detail) (Statewide Bank [Member], USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Statewide Bank [Member] | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' |
Balance, beginning of period | ($3,973) | ($8,550) | ($5,505) | ' |
Acquisition accretable yield | ' | ' | ' | -11,110 |
Accretion | 5,417 | 4,613 | 5,170 | 5,605 |
Net transfers from nonaccretable difference to accretable yield | -3,578 | -36 | -8,215 | ' |
Balance, end of period | ($2,134) | ($3,973) | ($8,550) | ($5,505) |
Investment_Securities_Summary_
Investment Securities - Summary Information Regarding Investment Securities Classified as Available for Sale and Held to Maturity (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for sale, Amortized Cost | $149,332,000 | $152,350,000 |
Available for sale, Gross Unrealized Gains | 2,377,000 | 4,998,000 |
Available for sale, Gross Unrealized Losses, Less Than 1 Year | 1,699,000 | 53,000 |
Available for sale, Gross Unrealized Losses, Over 1 Year | 378,000 | 39,000 |
Total Available for sale, Fair Value | 149,632,153 | 157,255,828 |
Held to maturity, Amortized Cost | 9,405,000 | 1,665,000 |
Held to maturity, Gross Unrealized Gains | 68,000 | 81,000 |
Held to maturity, Gross Unrealized Losses, Less Than 1 Year | 198,000 | ' |
Held to maturity, Gross Unrealized Losses, Over 1 Year | ' | ' |
Total held to maturity, Fair Value | 9,275,158 | 1,746,375 |
U.S. Agency Mortgage-Backed [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for sale, Amortized Cost | 96,145,000 | 99,137,000 |
Available for sale, Gross Unrealized Gains | 1,765,000 | 3,391,000 |
Available for sale, Gross Unrealized Losses, Less Than 1 Year | 909,000 | 14,000 |
Available for sale, Gross Unrealized Losses, Over 1 Year | 216,000 | 1,000 |
Total Available for sale, Fair Value | 96,785,000 | 102,513,000 |
Held to maturity, Amortized Cost | 132,000 | 693,000 |
Held to maturity, Gross Unrealized Gains | 1,000 | 13,000 |
Held to maturity, Gross Unrealized Losses, Less Than 1 Year | ' | ' |
Held to maturity, Gross Unrealized Losses, Over 1 Year | ' | ' |
Total held to maturity, Fair Value | 133,000 | 706,000 |
Non-U.S. Agency Mortgage-Backed [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for sale, Amortized Cost | 9,765,000 | 12,426,000 |
Available for sale, Gross Unrealized Gains | 58,000 | 280,000 |
Available for sale, Gross Unrealized Losses, Less Than 1 Year | 31,000 | ' |
Available for sale, Gross Unrealized Losses, Over 1 Year | 43,000 | 38,000 |
Total Available for sale, Fair Value | 9,749,000 | 12,668,000 |
Municipal Bonds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for sale, Amortized Cost | 19,879,000 | 16,843,000 |
Available for sale, Gross Unrealized Gains | 318,000 | 774,000 |
Available for sale, Gross Unrealized Losses, Less Than 1 Year | 279,000 | 32,000 |
Available for sale, Gross Unrealized Losses, Over 1 Year | 119,000 | ' |
Total Available for sale, Fair Value | 19,799,000 | 17,585,000 |
Held to maturity, Amortized Cost | 9,273,000 | 972,000 |
Held to maturity, Gross Unrealized Gains | 67,000 | 68,000 |
Held to maturity, Gross Unrealized Losses, Less Than 1 Year | 198,000 | ' |
Held to maturity, Gross Unrealized Losses, Over 1 Year | ' | ' |
Total held to maturity, Fair Value | 9,142,000 | 1,040,000 |
U.S. Government Agency [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for sale, Amortized Cost | 23,543,000 | 23,944,000 |
Available for sale, Gross Unrealized Gains | 236,000 | 553,000 |
Available for sale, Gross Unrealized Losses, Less Than 1 Year | 480,000 | 7,000 |
Available for sale, Gross Unrealized Losses, Over 1 Year | ' | ' |
Total Available for sale, Fair Value | $23,299,000 | $24,490,000 |
Investment_Securities_Addition
Investment Securities - Additional Information (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Securities | Securities | |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Number of securities with unrealized loss | 64 | 16 |
Percentage of gross unrealized loss | 3.30% | 0.70% |
Percentage of amortized investment securities portfolio | 1.40% | 0.10% |
Number of securities in continuous loss position | 9 | 5 |
Loss duration | '12 months | '12 months |
Gross gain on sale of investment securities | $428,000 | $230,000 |
Gross loss on sale of investment securities | 0 | 8,000 |
Accrued interest receivable for investment securities | 679,000 | 565,000 |
Securities pledged to secure public deposits | 43,977,000 | 41,462,000 |
Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost on available for sale debt securities in continuous loss position | 7,478,000 | 2,653,000 |
Non-U.S. Agency Mortgage-Backed [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Unrealized loss on available for sale of debt securities | $378,000 | $39,000 |
Investment_Securities_Amortize
Investment Securities - Amortized Cost and Estimated Fair Value by Maturity of Company's Investment Securities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Securities available for sale, One Year or Less, Fair Value | $3,128,000 | ' |
Securities available for sale, After One Year through Five Years, Fair Value | 10,382,000 | ' |
Securities available for sale, After Five Years through Ten Years, Fair Value | 37,749,000 | ' |
Securities available for sale, After Ten Years, Fair Value | 98,373,000 | ' |
Total Available for sale, Fair Value | 149,632,153 | 157,255,828 |
Securities held to maturity, One Year or Less, Fair Value | 349,000 | ' |
Securities held to maturity, One Year to Five Years, Fair Value | 797,000 | ' |
Securities held to maturity, Five to Ten Years, Fair Value | 6,886,000 | ' |
Securities held to maturity, Over Ten Years, Fair Value | 1,243,000 | ' |
Total held to maturity, Fair Value | 9,275,158 | 1,746,375 |
Securities available for sale, Amortized Cost, One Year or Less | 3,111,000 | ' |
Securities available for sale, Amortized Cost, After One Year Through Five Years | 10,182,000 | ' |
Securities available for sale, Amortized Cost, After Five Years Through Ten Years | 38,447,000 | ' |
Securities available for sale, Amortized Cost, After Ten Years | 97,592,000 | ' |
Securities available for sale, Amortized Cost, Total | 149,332,000 | 152,350,000 |
Securities held to maturity, Amortized Cost, One Year or Less | 347,000 | ' |
Securities held to maturity, Amortized Cost, One Year to Five Years | 756,000 | ' |
Securities held to maturity, Amortized Cost, Five to Ten Years | 7,041,000 | ' |
Securities held to maturity, Amortized Cost, Over Ten Years | 1,261,000 | ' |
Securities held to maturity, Amortized Cost, Total | 9,404,790 | 1,665,184 |
U.S. Agency Mortgage-Backed [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Securities available for sale, One Year or Less, Fair Value | 113,000 | ' |
Securities available for sale, After One Year through Five Years, Fair Value | 231,000 | ' |
Securities available for sale, After Five Years through Ten Years, Fair Value | 15,665,000 | ' |
Securities available for sale, After Ten Years, Fair Value | 80,776,000 | ' |
Total Available for sale, Fair Value | 96,785,000 | 102,513,000 |
Securities held to maturity, One Year or Less, Fair Value | 133,000 | ' |
Securities held to maturity, One Year to Five Years, Fair Value | ' | ' |
Securities held to maturity, Five to Ten Years, Fair Value | ' | ' |
Securities held to maturity, Over Ten Years, Fair Value | ' | ' |
Total held to maturity, Fair Value | 133,000 | 706,000 |
Securities available for sale, Amortized Cost, One Year or Less | 108,000 | ' |
Securities available for sale, Amortized Cost, After One Year Through Five Years | 214,000 | ' |
Securities available for sale, Amortized Cost, After Five Years Through Ten Years | 15,696,000 | ' |
Securities available for sale, Amortized Cost, After Ten Years | 80,127,000 | ' |
Securities available for sale, Amortized Cost, Total | 96,145,000 | 99,137,000 |
Securities held to maturity, Amortized Cost, One Year or Less | 132,000 | ' |
Securities held to maturity, Amortized Cost, One Year to Five Years | ' | ' |
Securities held to maturity, Amortized Cost, Five to Ten Years | ' | ' |
Securities held to maturity, Amortized Cost, Over Ten Years | ' | ' |
Securities held to maturity, Amortized Cost, Total | 132,000 | ' |
Municipal Bonds [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Securities available for sale, One Year or Less, Fair Value | 503,000 | ' |
Securities available for sale, After One Year through Five Years, Fair Value | 4,858,000 | ' |
Securities available for sale, After Five Years through Ten Years, Fair Value | 11,574,000 | ' |
Securities available for sale, After Ten Years, Fair Value | 2,864,000 | ' |
Total Available for sale, Fair Value | 19,799,000 | 17,585,000 |
Securities held to maturity, One Year or Less, Fair Value | 216,000 | ' |
Securities held to maturity, One Year to Five Years, Fair Value | 797,000 | ' |
Securities held to maturity, Five to Ten Years, Fair Value | 6,886,000 | ' |
Securities held to maturity, Over Ten Years, Fair Value | 1,243,000 | ' |
Total held to maturity, Fair Value | 9,142,000 | 1,040,000 |
Securities available for sale, Amortized Cost, One Year or Less | 503,000 | ' |
Securities available for sale, Amortized Cost, After One Year Through Five Years | 4,743,000 | ' |
Securities available for sale, Amortized Cost, After Five Years Through Ten Years | 11,761,000 | ' |
Securities available for sale, Amortized Cost, After Ten Years | 2,872,000 | ' |
Securities available for sale, Amortized Cost, Total | 19,879,000 | 16,843,000 |
Securities held to maturity, Amortized Cost, One Year or Less | 215,000 | ' |
Securities held to maturity, Amortized Cost, One Year to Five Years | 756,000 | ' |
Securities held to maturity, Amortized Cost, Five to Ten Years | 7,041,000 | ' |
Securities held to maturity, Amortized Cost, Over Ten Years | 1,261,000 | ' |
Securities held to maturity, Amortized Cost, Total | 9,273,000 | ' |
Non-U.S. Agency Mortgage-Backed [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Securities available for sale, One Year or Less, Fair Value | ' | ' |
Securities available for sale, After One Year through Five Years, Fair Value | ' | ' |
Securities available for sale, After Five Years through Ten Years, Fair Value | ' | ' |
Securities available for sale, After Ten Years, Fair Value | 9,749,000 | ' |
Total Available for sale, Fair Value | 9,749,000 | 12,668,000 |
Securities available for sale, Amortized Cost, One Year or Less | ' | ' |
Securities available for sale, Amortized Cost, After One Year Through Five Years | ' | ' |
Securities available for sale, Amortized Cost, After Five Years Through Ten Years | ' | ' |
Securities available for sale, Amortized Cost, After Ten Years | 9,765,000 | ' |
Securities available for sale, Amortized Cost, Total | 9,765,000 | 12,426,000 |
U.S. Government Agency [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Securities available for sale, One Year or Less, Fair Value | 2,512,000 | ' |
Securities available for sale, After One Year through Five Years, Fair Value | 5,293,000 | ' |
Securities available for sale, After Five Years through Ten Years, Fair Value | 10,510,000 | ' |
Securities available for sale, After Ten Years, Fair Value | 4,984,000 | ' |
Total Available for sale, Fair Value | 23,299,000 | 24,490,000 |
Securities available for sale, Amortized Cost, One Year or Less | 2,500,000 | ' |
Securities available for sale, Amortized Cost, After One Year Through Five Years | 5,225,000 | ' |
Securities available for sale, Amortized Cost, After Five Years Through Ten Years | 10,990,000 | ' |
Securities available for sale, Amortized Cost, After Ten Years | 4,828,000 | ' |
Securities available for sale, Amortized Cost, Total | $23,543,000 | $23,944,000 |
Loans_Summary_of_Loans_Includi
Loans - Summary of Loans, Including Covered Loans and Net of Unearned Income (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans | $707,456,117 | $673,128,334 |
Real Estate Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans | 589,765,000 | 566,234,000 |
Other Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans | 117,691,000 | 106,894,000 |
One- to Four-Family First Mortgage [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans | 179,506,000 | 177,816,000 |
One- to Four-Family First Mortgage [Member] | Real Estate Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans | 179,506,000 | 177,816,000 |
Home Equity Loans and Lines [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans | 40,561,000 | 40,425,000 |
Home Equity Loans and Lines [Member] | Real Estate Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans | 40,561,000 | 40,425,000 |
Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans | 269,849,000 | 252,805,000 |
Commercial Real Estate [Member] | Real Estate Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans | 269,849,000 | 252,805,000 |
Construction and Land [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans | 83,271,000 | 75,529,000 |
Construction and Land [Member] | Real Estate Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans | 83,271,000 | 75,529,000 |
Multi-Family Residential [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans | 16,578,000 | 19,659,000 |
Multi-Family Residential [Member] | Real Estate Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans | 16,578,000 | 19,659,000 |
Commercial and Industrial [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans | 77,533,000 | 72,253,000 |
Commercial and Industrial [Member] | Other Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans | 77,533,000 | 72,253,000 |
Consumer [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans | 40,158,000 | 34,641,000 |
Consumer [Member] | Other Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans | $40,158,000 | $34,641,000 |
Loans_Schedule_of_Activity_in_
Loans - Schedule of Activity in Allowance for Loan Losses (Detail) (Allowance for Loan Losses [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | $5,319 | $5,104 | $3,920 |
Charge-offs | -2,155 | -2,325 | -334 |
Recoveries | 101 | 129 | 58 |
Provision | 3,653 | 2,411 | 1,460 |
Ending balance | 6,918 | 5,319 | 5,104 |
Originated Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 5,114 | 5,054 | 3,920 |
Charge-offs | -2,119 | -2,325 | -334 |
Recoveries | 101 | 129 | 58 |
Provision | 3,574 | 2,256 | 1,410 |
Ending balance | 6,670 | 5,114 | 5,054 |
Non-Covered Acquired Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 205 | ' | ' |
Charge-offs | -36 | ' | ' |
Recoveries | ' | ' | ' |
Provision | 79 | 205 | ' |
Ending balance | 248 | 205 | ' |
Covered Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | ' | 50 | ' |
Charge-offs | ' | ' | ' |
Recoveries | ' | ' | ' |
Provision | ' | -50 | 50 |
Ending balance | ' | ' | 50 |
One- to Four-Family First Mortgage [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 982 | 778 | 641 |
Charge-offs | -112 | ' | ' |
Recoveries | ' | ' | 16 |
Provision | 218 | 204 | 121 |
Ending balance | 1,088 | 982 | 778 |
One- to Four-Family First Mortgage [Member] | Originated Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 798 | 778 | 641 |
Charge-offs | -76 | ' | ' |
Recoveries | ' | ' | 16 |
Provision | 182 | 20 | 121 |
Ending balance | 904 | 798 | 778 |
One- to Four-Family First Mortgage [Member] | Non-Covered Acquired Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 184 | ' | ' |
Charge-offs | -36 | ' | ' |
Recoveries | ' | ' | ' |
Provision | 36 | 184 | ' |
Ending balance | 184 | 184 | ' |
One- to Four-Family First Mortgage [Member] | Covered Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | ' | ' | ' |
Charge-offs | ' | ' | ' |
Recoveries | ' | ' | ' |
Provision | ' | ' | ' |
Ending balance | ' | ' | ' |
Home Equity Loans and Lines [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 343 | 336 | 296 |
Charge-offs | ' | -32 | ' |
Recoveries | 10 | 15 | ' |
Provision | 71 | 24 | 40 |
Ending balance | 424 | 343 | 336 |
Home Equity Loans and Lines [Member] | Originated Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 322 | 336 | 296 |
Charge-offs | ' | -32 | ' |
Recoveries | 10 | 15 | ' |
Provision | 34 | 3 | 40 |
Ending balance | 366 | 322 | 336 |
Home Equity Loans and Lines [Member] | Non-Covered Acquired Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 21 | ' | ' |
Charge-offs | ' | ' | ' |
Recoveries | ' | ' | ' |
Provision | 37 | 21 | ' |
Ending balance | 58 | 21 | ' |
Home Equity Loans and Lines [Member] | Covered Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | ' | ' | ' |
Charge-offs | ' | ' | ' |
Recoveries | ' | ' | ' |
Provision | ' | ' | ' |
Ending balance | ' | ' | ' |
Commercial Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 2,040 | 1,755 | 1,258 |
Charge-offs | ' | -1,980 | ' |
Recoveries | ' | 94 | 6 |
Provision | 488 | 2,171 | 491 |
Ending balance | 2,528 | 2,040 | 1,755 |
Commercial Real Estate [Member] | Originated Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 2,040 | 1,755 | 1,258 |
Charge-offs | ' | -1,980 | ' |
Recoveries | ' | 94 | 6 |
Provision | 487 | 2,171 | 491 |
Ending balance | 2,528 | 2,040 | 1,755 |
Commercial Real Estate [Member] | Non-Covered Acquired Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | ' | ' | ' |
Charge-offs | ' | ' | ' |
Recoveries | ' | ' | ' |
Provision | ' | ' | ' |
Ending balance | ' | ' | ' |
Commercial Real Estate [Member] | Covered Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | ' | ' | ' |
Charge-offs | ' | ' | ' |
Recoveries | ' | ' | ' |
Provision | ' | ' | ' |
Ending balance | ' | ' | ' |
Construction and Land [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 785 | 904 | 666 |
Charge-offs | -44 | -215 | ' |
Recoveries | 10 | ' | ' |
Provision | 226 | 96 | 238 |
Ending balance | 977 | 785 | 904 |
Construction and Land [Member] | Originated Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 785 | 904 | 666 |
Charge-offs | -44 | -215 | ' |
Recoveries | 10 | ' | ' |
Provision | 226 | 96 | 238 |
Ending balance | 977 | 785 | 904 |
Construction and Land [Member] | Non-Covered Acquired Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | ' | ' | ' |
Charge-offs | ' | ' | ' |
Recoveries | ' | ' | ' |
Provision | ' | ' | ' |
Ending balance | ' | ' | ' |
Construction and Land [Member] | Covered Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | ' | ' | ' |
Charge-offs | ' | ' | ' |
Recoveries | ' | ' | ' |
Provision | ' | ' | ' |
Ending balance | ' | ' | ' |
Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 86 | 64 | 46 |
Charge-offs | ' | ' | ' |
Recoveries | ' | ' | ' |
Provision | 4 | 22 | 18 |
Ending balance | 90 | 86 | 64 |
Multi-Family Residential [Member] | Originated Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 86 | 64 | 46 |
Charge-offs | ' | ' | ' |
Recoveries | ' | ' | ' |
Provision | 4 | 22 | 18 |
Ending balance | 90 | 86 | 64 |
Multi-Family Residential [Member] | Non-Covered Acquired Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | ' | ' | ' |
Charge-offs | ' | ' | ' |
Recoveries | ' | ' | ' |
Provision | ' | ' | ' |
Ending balance | ' | ' | ' |
Multi-Family Residential [Member] | Covered Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | ' | ' | ' |
Charge-offs | ' | ' | ' |
Recoveries | ' | ' | ' |
Provision | ' | ' | ' |
Ending balance | ' | ' | ' |
Commercial and Industrial [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 683 | 922 | 746 |
Charge-offs | -1,990 | -60 | -281 |
Recoveries | 57 | 6 | 25 |
Provision | 2,588 | -185 | 432 |
Ending balance | 1,338 | 683 | 922 |
Commercial and Industrial [Member] | Originated Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 683 | 872 | 746 |
Charge-offs | -1,990 | -60 | -281 |
Recoveries | 57 | 6 | 25 |
Provision | 2,582 | -135 | 382 |
Ending balance | 1,332 | 683 | 872 |
Commercial and Industrial [Member] | Non-Covered Acquired Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | ' | ' | ' |
Charge-offs | ' | ' | ' |
Recoveries | ' | ' | ' |
Provision | 6 | ' | ' |
Ending balance | 6 | ' | ' |
Commercial and Industrial [Member] | Covered Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | ' | 50 | ' |
Charge-offs | ' | ' | ' |
Recoveries | ' | ' | ' |
Provision | ' | -50 | 50 |
Ending balance | ' | ' | 50 |
Consumer [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 400 | 345 | 267 |
Charge-offs | -9 | -38 | -53 |
Recoveries | 24 | 14 | 11 |
Provision | 58 | 79 | 120 |
Ending balance | 473 | 400 | 345 |
Consumer [Member] | Originated Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 400 | 345 | 267 |
Charge-offs | -9 | -38 | -53 |
Recoveries | 24 | 14 | 11 |
Provision | 58 | 79 | 120 |
Ending balance | 473 | 400 | 345 |
Consumer [Member] | Non-Covered Acquired Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | ' | ' | ' |
Charge-offs | ' | ' | ' |
Recoveries | ' | ' | ' |
Provision | ' | ' | ' |
Ending balance | ' | ' | ' |
Consumer [Member] | Covered Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | ' | ' | ' |
Charge-offs | ' | ' | ' |
Recoveries | ' | ' | ' |
Provision | ' | ' | ' |
Ending balance | ' | ' | ' |
Loan_Allowance_for_Loan_Losses
Loan - Allowance for Loan Losses and Recorded Investment in Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total allowance for loan losses | $6,918,009 | $5,319,235 |
Covered loans | 21,673,808 | 45,764,397 |
Total loans, net of unearned income | 707,456,117 | 673,128,334 |
One- to Four-Family First Mortgage [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total loans, net of unearned income | 179,506,000 | 177,816,000 |
Home Equity Loans and Lines [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total loans, net of unearned income | 40,561,000 | 40,425,000 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total loans, net of unearned income | 269,849,000 | 252,805,000 |
Construction and Land [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total loans, net of unearned income | 83,271,000 | 75,529,000 |
Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total loans, net of unearned income | 16,578,000 | 19,659,000 |
Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total loans, net of unearned income | 77,533,000 | 72,253,000 |
Consumer [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total loans, net of unearned income | 40,158,000 | 34,641,000 |
Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total loans, net of unearned income | 707,456,000 | 673,128,000 |
Loans [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Collectively evaluated for impairment, loans | 592,676,000 | 498,998,000 |
Individually evaluated for impairment, loans | 2,580,000 | 5,536,000 |
Loans [Member] | Acquired Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Non-covered acquired loans | 90,526,000 | 122,830,000 |
Covered loans | 21,674,000 | 45,764,000 |
Loans [Member] | One- to Four-Family First Mortgage [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total loans, net of unearned income | 179,506,000 | 177,816,000 |
Loans [Member] | One- to Four-Family First Mortgage [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Collectively evaluated for impairment, loans | 137,685,000 | 115,278,000 |
Individually evaluated for impairment, loans | 386,000 | 1,464,000 |
Loans [Member] | One- to Four-Family First Mortgage [Member] | Acquired Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Non-covered acquired loans | 37,084,000 | 49,943,000 |
Covered loans | 4,351,000 | 11,131,000 |
Loans [Member] | Home Equity Loans and Lines [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total loans, net of unearned income | 40,561,000 | 40,426,000 |
Loans [Member] | Home Equity Loans and Lines [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Collectively evaluated for impairment, loans | 30,422,000 | 26,937,000 |
Individually evaluated for impairment, loans | 3,000 | 56,000 |
Loans [Member] | Home Equity Loans and Lines [Member] | Acquired Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Non-covered acquired loans | 7,798,000 | 10,123,000 |
Covered loans | 2,338,000 | 3,309,000 |
Loans [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total loans, net of unearned income | 269,849,000 | 252,805,000 |
Loans [Member] | Commercial Real Estate [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Collectively evaluated for impairment, loans | 225,356,000 | 182,376,000 |
Individually evaluated for impairment, loans | 360,000 | 3,428,000 |
Loans [Member] | Commercial Real Estate [Member] | Acquired Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Non-covered acquired loans | 32,945,000 | 44,132,000 |
Covered loans | 11,188,000 | 22,869,000 |
Loans [Member] | Construction and Land [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total loans, net of unearned income | 83,271,000 | 75,529,000 |
Loans [Member] | Construction and Land [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Collectively evaluated for impairment, loans | 79,771,000 | 66,815,000 |
Individually evaluated for impairment, loans | ' | 60,000 |
Loans [Member] | Construction and Land [Member] | Acquired Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Non-covered acquired loans | 2,096,000 | 3,650,000 |
Covered loans | 1,404,000 | 5,004,000 |
Loans [Member] | Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total loans, net of unearned income | 16,578,000 | 19,658,000 |
Loans [Member] | Multi-Family Residential [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Collectively evaluated for impairment, loans | 7,778,000 | 7,930,000 |
Individually evaluated for impairment, loans | ' | 528,000 |
Loans [Member] | Multi-Family Residential [Member] | Acquired Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Non-covered acquired loans | 7,678,000 | 9,818,000 |
Covered loans | 1,122,000 | 1,383,000 |
Loans [Member] | Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total loans, net of unearned income | 77,533,000 | 72,253,000 |
Loans [Member] | Commercial and Industrial [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Collectively evaluated for impairment, loans | 72,003,000 | 66,321,000 |
Individually evaluated for impairment, loans | 1,831,000 | ' |
Loans [Member] | Commercial and Industrial [Member] | Acquired Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Non-covered acquired loans | 2,428,000 | 4,469,000 |
Covered loans | 1,271,000 | 1,463,000 |
Loans [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total loans, net of unearned income | 40,158,000 | 34,641,000 |
Loans [Member] | Consumer [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Collectively evaluated for impairment, loans | 39,661,000 | 33,341,000 |
Individually evaluated for impairment, loans | ' | ' |
Loans [Member] | Consumer [Member] | Acquired Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Non-covered acquired loans | 497,000 | 695,000 |
Covered loans | ' | 605,000 |
Allowance for Loan Losses [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total allowance for loan losses | 6,918,000 | 5,319,000 |
Allowance for Loan Losses [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Collectively evaluated for impairment, allowance for loan losses | 6,188,000 | 4,931,000 |
Individually evaluated for impairment, allowance for loan losses | 482,000 | 183,000 |
Allowance for Loan Losses [Member] | Acquired Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Non-covered acquired loans, allowance for loan losses | 248,000 | 205,000 |
Covered loans, allowance for loan losses | ' | ' |
Allowance for Loan Losses [Member] | One- to Four-Family First Mortgage [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total allowance for loan losses | 1,088,000 | 982,000 |
Allowance for Loan Losses [Member] | One- to Four-Family First Mortgage [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Collectively evaluated for impairment, allowance for loan losses | 904,000 | 749,000 |
Individually evaluated for impairment, allowance for loan losses | ' | 49,000 |
Allowance for Loan Losses [Member] | One- to Four-Family First Mortgage [Member] | Acquired Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Non-covered acquired loans, allowance for loan losses | 184,000 | 184,000 |
Covered loans, allowance for loan losses | ' | ' |
Allowance for Loan Losses [Member] | Home Equity Loans and Lines [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total allowance for loan losses | 424,000 | 343,000 |
Allowance for Loan Losses [Member] | Home Equity Loans and Lines [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Collectively evaluated for impairment, allowance for loan losses | 366,000 | 322,000 |
Individually evaluated for impairment, allowance for loan losses | ' | ' |
Allowance for Loan Losses [Member] | Home Equity Loans and Lines [Member] | Acquired Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Non-covered acquired loans, allowance for loan losses | 58,000 | 21,000 |
Covered loans, allowance for loan losses | ' | ' |
Allowance for Loan Losses [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total allowance for loan losses | 2,528,000 | 2,040,000 |
Allowance for Loan Losses [Member] | Commercial Real Estate [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Collectively evaluated for impairment, allowance for loan losses | 2,528,000 | 1,906,000 |
Individually evaluated for impairment, allowance for loan losses | ' | 134,000 |
Allowance for Loan Losses [Member] | Commercial Real Estate [Member] | Acquired Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Non-covered acquired loans, allowance for loan losses | ' | ' |
Covered loans, allowance for loan losses | ' | ' |
Allowance for Loan Losses [Member] | Construction and Land [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total allowance for loan losses | 977,000 | 785,000 |
Allowance for Loan Losses [Member] | Construction and Land [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Collectively evaluated for impairment, allowance for loan losses | 977,000 | 785,000 |
Individually evaluated for impairment, allowance for loan losses | ' | ' |
Allowance for Loan Losses [Member] | Construction and Land [Member] | Acquired Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Non-covered acquired loans, allowance for loan losses | ' | ' |
Covered loans, allowance for loan losses | ' | ' |
Allowance for Loan Losses [Member] | Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total allowance for loan losses | 90,000 | 86,000 |
Allowance for Loan Losses [Member] | Multi-Family Residential [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Collectively evaluated for impairment, allowance for loan losses | 90,000 | 86,000 |
Individually evaluated for impairment, allowance for loan losses | ' | ' |
Allowance for Loan Losses [Member] | Multi-Family Residential [Member] | Acquired Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Non-covered acquired loans, allowance for loan losses | ' | ' |
Covered loans, allowance for loan losses | ' | ' |
Allowance for Loan Losses [Member] | Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total allowance for loan losses | 1,338,000 | 683,000 |
Allowance for Loan Losses [Member] | Commercial and Industrial [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Collectively evaluated for impairment, allowance for loan losses | 850,000 | 683,000 |
Individually evaluated for impairment, allowance for loan losses | 482,000 | ' |
Allowance for Loan Losses [Member] | Commercial and Industrial [Member] | Acquired Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Non-covered acquired loans, allowance for loan losses | 6,000 | ' |
Covered loans, allowance for loan losses | ' | ' |
Allowance for Loan Losses [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Total allowance for loan losses | 473,000 | 400,000 |
Allowance for Loan Losses [Member] | Consumer [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Collectively evaluated for impairment, allowance for loan losses | 473,000 | 400,000 |
Individually evaluated for impairment, allowance for loan losses | ' | ' |
Allowance for Loan Losses [Member] | Consumer [Member] | Acquired Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Non-covered acquired loans, allowance for loan losses | ' | ' |
Covered loans, allowance for loan losses | ' | ' |
Loan_Allowance_for_Loan_Losses1
Loan - Allowance for Loan Losses and Recorded Investment in Loans (Parenthetical) (Detail) (GS Financial Corp [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
GS Financial Corp [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Non-covered acquired loans | $4,600 | $5,300 |
Loans_Schedule_of_Credit_Quali
Loans - Schedule of Credit Quality Indicators of Loan Portfolio (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | $707,456,000 | $673,128,000 |
Total loans | 21,673,808 | 45,764,397 |
Total loans | 707,456,117 | 673,128,334 |
Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 595,256,000 | 504,534,000 |
Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 90,526,000 | 122,830,000 |
Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 21,674,000 | 45,764,000 |
Total loans | 21,674,000 | 45,764,000 |
One- to Four-Family First Mortgage [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 179,506,000 | 177,816,000 |
One- to Four-Family First Mortgage [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 138,071,000 | 116,742,000 |
One- to Four-Family First Mortgage [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 37,084,000 | 49,943,000 |
One- to Four-Family First Mortgage [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 4,351,000 | 11,131,000 |
Home Equity Loans and Lines [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 40,561,000 | 40,425,000 |
Home Equity Loans and Lines [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 30,425,000 | 26,993,000 |
Home Equity Loans and Lines [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 7,798,000 | 10,123,000 |
Home Equity Loans and Lines [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 2,338,000 | 3,309,000 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 269,849,000 | 252,805,000 |
Commercial Real Estate [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 225,716,000 | 185,804,000 |
Commercial Real Estate [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 32,945,000 | 44,132,000 |
Commercial Real Estate [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 11,188,000 | 22,869,000 |
Construction and Land [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 83,271,000 | 75,529,000 |
Construction and Land [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 79,771,000 | 66,875,000 |
Construction and Land [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 2,096,000 | 3,650,000 |
Construction and Land [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 1,404,000 | 5,004,000 |
Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 16,578,000 | 19,659,000 |
Multi-Family Residential [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 7,778,000 | 8,458,000 |
Multi-Family Residential [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 7,678,000 | 9,818,000 |
Multi-Family Residential [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 1,122,000 | 1,383,000 |
Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 77,533,000 | 72,253,000 |
Commercial and Industrial [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 73,834,000 | 66,321,000 |
Commercial and Industrial [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 2,428,000 | 4,469,000 |
Commercial and Industrial [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 1,271,000 | 1,463,000 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 40,158,000 | 34,641,000 |
Consumer [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 39,661,000 | 33,341,000 |
Consumer [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 497,000 | 695,000 |
Consumer [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | 605,000 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 669,870,000 | 632,292,000 |
Pass [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 574,821,000 | 487,870,000 |
Pass [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 78,251,000 | 107,159,000 |
Pass [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 16,798,000 | 37,263,000 |
Pass [Member] | One- to Four-Family First Mortgage [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 170,849,000 | 166,506,000 |
Pass [Member] | One- to Four-Family First Mortgage [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 136,274,000 | 114,278,000 |
Pass [Member] | One- to Four-Family First Mortgage [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 31,467,000 | 43,673,000 |
Pass [Member] | One- to Four-Family First Mortgage [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 3,108,000 | 8,555,000 |
Pass [Member] | Home Equity Loans and Lines [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 39,272,000 | 39,419,000 |
Pass [Member] | Home Equity Loans and Lines [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 29,962,000 | 26,870,000 |
Pass [Member] | Home Equity Loans and Lines [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 7,226,000 | 9,402,000 |
Pass [Member] | Home Equity Loans and Lines [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 2,084,000 | 3,147,000 |
Pass [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 258,673,000 | 234,110,000 |
Pass [Member] | Commercial Real Estate [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 218,779,000 | 176,410,000 |
Pass [Member] | Commercial Real Estate [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 30,192,000 | 37,137,000 |
Pass [Member] | Commercial Real Estate [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 9,702,000 | 20,563,000 |
Pass [Member] | Construction and Land [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 80,588,000 | 72,945,000 |
Pass [Member] | Construction and Land [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 78,297,000 | 66,441,000 |
Pass [Member] | Construction and Land [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 1,044,000 | 3,072,000 |
Pass [Member] | Construction and Land [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 1,247,000 | 3,432,000 |
Pass [Member] | Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 12,505,000 | 16,210,000 |
Pass [Member] | Multi-Family Residential [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 6,902,000 | 7,030,000 |
Pass [Member] | Multi-Family Residential [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 5,397,000 | 8,756,000 |
Pass [Member] | Multi-Family Residential [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 206,000 | 424,000 |
Pass [Member] | Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 68,150,000 | 68,562,000 |
Pass [Member] | Commercial and Industrial [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 65,271,000 | 63,561,000 |
Pass [Member] | Commercial and Industrial [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 2,428,000 | 4,424,000 |
Pass [Member] | Commercial and Industrial [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 451,000 | 577,000 |
Pass [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 39,833,000 | 34,540,000 |
Pass [Member] | Consumer [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 39,336,000 | 33,280,000 |
Pass [Member] | Consumer [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 497,000 | 695,000 |
Pass [Member] | Consumer [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | 565,000 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 8,723,000 | 12,972,000 |
Special Mention [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 6,967,000 | 9,513,000 |
Special Mention [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 350,000 | 2,186,000 |
Special Mention [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 1,406,000 | 1,273,000 |
Special Mention [Member] | One- to Four-Family First Mortgage [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 535,000 | 1,896,000 |
Special Mention [Member] | One- to Four-Family First Mortgage [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 265,000 | 690,000 |
Special Mention [Member] | One- to Four-Family First Mortgage [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 119,000 | 952,000 |
Special Mention [Member] | One- to Four-Family First Mortgage [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 151,000 | 254,000 |
Special Mention [Member] | Home Equity Loans and Lines [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 368,000 | 166,000 |
Special Mention [Member] | Home Equity Loans and Lines [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 149,000 | 56,000 |
Special Mention [Member] | Home Equity Loans and Lines [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 198,000 | 82,000 |
Special Mention [Member] | Home Equity Loans and Lines [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 21,000 | 28,000 |
Special Mention [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 1,049,000 | 5,733,000 |
Special Mention [Member] | Commercial Real Estate [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 800,000 | 4,951,000 |
Special Mention [Member] | Commercial Real Estate [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | 782,000 |
Special Mention [Member] | Commercial Real Estate [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 249,000 | ' |
Special Mention [Member] | Construction and Land [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 211,000 | 377,000 |
Special Mention [Member] | Construction and Land [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 147,000 | 267,000 |
Special Mention [Member] | Construction and Land [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | 106,000 |
Special Mention [Member] | Construction and Land [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 64,000 | 4,000 |
Special Mention [Member] | Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 1,825,000 | 2,122,000 |
Special Mention [Member] | Multi-Family Residential [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 876,000 | 899,000 |
Special Mention [Member] | Multi-Family Residential [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 33,000 | 264,000 |
Special Mention [Member] | Multi-Family Residential [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 916,000 | 959,000 |
Special Mention [Member] | Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 4,687,000 | 2,595,000 |
Special Mention [Member] | Commercial and Industrial [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 4,682,000 | 2,590,000 |
Special Mention [Member] | Commercial and Industrial [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Special Mention [Member] | Commercial and Industrial [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 5,000 | 5,000 |
Special Mention [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 48,000 | 83,000 |
Special Mention [Member] | Consumer [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 48,000 | 60,000 |
Special Mention [Member] | Consumer [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Special Mention [Member] | Consumer [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | 23,000 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 28,863,000 | 27,864,000 |
Substandard [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 13,468,000 | 7,151,000 |
Substandard [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 11,925,000 | 13,485,000 |
Substandard [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 3,470,000 | 7,228,000 |
Substandard [Member] | One- to Four-Family First Mortgage [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 8,122,000 | 9,414,000 |
Substandard [Member] | One- to Four-Family First Mortgage [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 1,532,000 | 1,774,000 |
Substandard [Member] | One- to Four-Family First Mortgage [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 5,498,000 | 5,318,000 |
Substandard [Member] | One- to Four-Family First Mortgage [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 1,092,000 | 2,322,000 |
Substandard [Member] | Home Equity Loans and Lines [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 921,000 | 840,000 |
Substandard [Member] | Home Equity Loans and Lines [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 314,000 | 67,000 |
Substandard [Member] | Home Equity Loans and Lines [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 374,000 | 639,000 |
Substandard [Member] | Home Equity Loans and Lines [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 233,000 | 134,000 |
Substandard [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 10,127,000 | 12,962,000 |
Substandard [Member] | Commercial Real Estate [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 6,137,000 | 4,443,000 |
Substandard [Member] | Commercial Real Estate [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 2,753,000 | 6,213,000 |
Substandard [Member] | Commercial Real Estate [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 1,237,000 | 2,306,000 |
Substandard [Member] | Construction and Land [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 2,472,000 | 2,207,000 |
Substandard [Member] | Construction and Land [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 1,327,000 | 167,000 |
Substandard [Member] | Construction and Land [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 1,052,000 | 472,000 |
Substandard [Member] | Construction and Land [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 93,000 | 1,568,000 |
Substandard [Member] | Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 2,248,000 | 1,327,000 |
Substandard [Member] | Multi-Family Residential [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | 529,000 |
Substandard [Member] | Multi-Family Residential [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 2,248,000 | 798,000 |
Substandard [Member] | Multi-Family Residential [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Substandard [Member] | Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 4,696,000 | 1,096,000 |
Substandard [Member] | Commercial and Industrial [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 3,881,000 | 170,000 |
Substandard [Member] | Commercial and Industrial [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | 45,000 |
Substandard [Member] | Commercial and Industrial [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 815,000 | 881,000 |
Substandard [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 277,000 | 18,000 |
Substandard [Member] | Consumer [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | 277,000 | 1,000 |
Substandard [Member] | Consumer [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Substandard [Member] | Consumer [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | 17,000 |
Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | One- to Four-Family First Mortgage [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | One- to Four-Family First Mortgage [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | One- to Four-Family First Mortgage [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | One- to Four-Family First Mortgage [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Home Equity Loans and Lines [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Home Equity Loans and Lines [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Home Equity Loans and Lines [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Home Equity Loans and Lines [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Commercial Real Estate [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Commercial Real Estate [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Commercial Real Estate [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Construction and Land [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Construction and Land [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Construction and Land [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Construction and Land [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Multi-Family Residential [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Multi-Family Residential [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Multi-Family Residential [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Commercial and Industrial [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Commercial and Industrial [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Commercial and Industrial [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Consumer [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Consumer [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Doubtful [Member] | Consumer [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total loans | ' | ' |
Loans_Schedule_of_Past_Due_Loa
Loans - Schedule of Past Due Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | $8,563 | $8,360 |
60-89 Days Past Due | 5,294 | 3,157 |
Greater Than 90 Days Past Due | 12,361 | 11,663 |
Total Past Due | 26,218 | 23,180 |
Current Loans | 681,238 | 649,948 |
Total loans | 707,456 | 673,128 |
Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 5,279 | 4,355 |
60-89 Days Past Due | 3,889 | 1,494 |
Greater Than 90 Days Past Due | 2,155 | 1,398 |
Total Past Due | 11,323 | 7,247 |
Current Loans | 583,933 | 497,287 |
Total loans | 595,256 | 504,534 |
Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 2,060 | 2,064 |
60-89 Days Past Due | 899 | 495 |
Greater Than 90 Days Past Due | 8,423 | 5,587 |
Total Past Due | 11,382 | 8,146 |
Current Loans | 79,144 | 114,684 |
Total loans | 90,526 | 122,830 |
Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 1,224 | 1,941 |
60-89 Days Past Due | 506 | 1,168 |
Greater Than 90 Days Past Due | 1,783 | 4,678 |
Total Past Due | 3,513 | 7,787 |
Current Loans | 18,161 | 37,977 |
Total loans | 21,674 | 45,764 |
Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 6,018 | 7,729 |
60-89 Days Past Due | 1,680 | 2,529 |
Greater Than 90 Days Past Due | 11,840 | 11,113 |
Total Past Due | 19,538 | 21,371 |
Current Loans | 570,227 | 544,863 |
Total loans | 589,765 | 566,234 |
Real Estate Loans [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 2,739 | 3,816 |
60-89 Days Past Due | 384 | 1,010 |
Greater Than 90 Days Past Due | 1,696 | 1,227 |
Total Past Due | 4,819 | 6,053 |
Current Loans | 476,942 | 398,819 |
Total loans | 481,761 | 404,872 |
Real Estate Loans [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 2,060 | 2,016 |
60-89 Days Past Due | 899 | 430 |
Greater Than 90 Days Past Due | 8,423 | 5,587 |
Total Past Due | 11,382 | 8,033 |
Current Loans | 76,219 | 109,633 |
Total loans | 87,601 | 117,666 |
Real Estate Loans [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 1,219 | 1,897 |
60-89 Days Past Due | 397 | 1,089 |
Greater Than 90 Days Past Due | 1,721 | 4,299 |
Total Past Due | 3,337 | 7,285 |
Current Loans | 17,066 | 36,411 |
Total loans | 20,403 | 43,696 |
Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 2,545 | 631 |
60-89 Days Past Due | 3,614 | 628 |
Greater Than 90 Days Past Due | 521 | 550 |
Total Past Due | 6,680 | 1,809 |
Current Loans | 111,011 | 105,085 |
Total loans | 117,691 | 106,894 |
Other Loans [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 2,540 | 539 |
60-89 Days Past Due | 3,505 | 484 |
Greater Than 90 Days Past Due | 459 | 171 |
Total Past Due | 6,504 | 1,194 |
Current Loans | 106,991 | 98,468 |
Total loans | 113,495 | 99,662 |
Other Loans [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | 48 |
60-89 Days Past Due | ' | 65 |
Greater Than 90 Days Past Due | ' | ' |
Total Past Due | ' | 113 |
Current Loans | 2,925 | 5,051 |
Total loans | 2,925 | 5,164 |
Other Loans [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 5 | 44 |
60-89 Days Past Due | 109 | 79 |
Greater Than 90 Days Past Due | 62 | 379 |
Total Past Due | 176 | 502 |
Current Loans | 1,095 | 1,566 |
Total loans | 1,271 | 2,068 |
One- to Four-Family First Mortgage [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 138,071 | 116,742 |
One- to Four-Family First Mortgage [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 37,084 | 49,943 |
One- to Four-Family First Mortgage [Member] | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 3,198 | 4,405 |
60-89 Days Past Due | 1,249 | 1,555 |
Greater Than 90 Days Past Due | 4,611 | 3,215 |
Total Past Due | 9,058 | 9,175 |
Current Loans | 170,448 | 168,641 |
Total loans | 179,506 | 177,816 |
One- to Four-Family First Mortgage [Member] | Real Estate Loans [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 1,726 | 2,241 |
60-89 Days Past Due | 272 | 236 |
Greater Than 90 Days Past Due | 290 | 20 |
Total Past Due | 2,288 | 2,497 |
Current Loans | 135,783 | 114,245 |
Total loans | 138,071 | 116,742 |
One- to Four-Family First Mortgage [Member] | Real Estate Loans [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 884 | 726 |
60-89 Days Past Due | 658 | 240 |
Greater Than 90 Days Past Due | 3,457 | 1,489 |
Total Past Due | 4,999 | 2,455 |
Current Loans | 32,085 | 47,488 |
Total loans | 37,084 | 49,943 |
One- to Four-Family First Mortgage [Member] | Real Estate Loans [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 588 | 1,438 |
60-89 Days Past Due | 319 | 1,079 |
Greater Than 90 Days Past Due | 864 | 1,706 |
Total Past Due | 1,771 | 4,223 |
Current Loans | 2,580 | 6,908 |
Total loans | 4,351 | 11,131 |
Home Equity Loans and Lines [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 30,425 | 26,993 |
Home Equity Loans and Lines [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 7,798 | 10,123 |
Home Equity Loans and Lines [Member] | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 247 | 410 |
60-89 Days Past Due | 162 | 115 |
Greater Than 90 Days Past Due | 386 | 282 |
Total Past Due | 795 | 807 |
Current Loans | 39,766 | 39,618 |
Total loans | 40,561 | 40,425 |
Home Equity Loans and Lines [Member] | Real Estate Loans [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 36 | 62 |
60-89 Days Past Due | 111 | 17 |
Greater Than 90 Days Past Due | 66 | ' |
Total Past Due | 213 | 79 |
Current Loans | 30,212 | 26,914 |
Total loans | 30,425 | 26,993 |
Home Equity Loans and Lines [Member] | Real Estate Loans [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 50 | 54 |
60-89 Days Past Due | ' | 98 |
Greater Than 90 Days Past Due | 174 | 147 |
Total Past Due | 224 | 299 |
Current Loans | 7,574 | 9,824 |
Total loans | 7,798 | 10,123 |
Home Equity Loans and Lines [Member] | Real Estate Loans [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 161 | 294 |
60-89 Days Past Due | 51 | ' |
Greater Than 90 Days Past Due | 146 | 135 |
Total Past Due | 358 | 429 |
Current Loans | 1,980 | 2,880 |
Total loans | 2,338 | 3,309 |
Commercial Real Estate [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 225,716 | 185,804 |
Commercial Real Estate [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 32,945 | 44,132 |
Commercial Real Estate [Member] | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 1,269 | 1,432 |
60-89 Days Past Due | 241 | 853 |
Greater Than 90 Days Past Due | 4,711 | 4,627 |
Total Past Due | 6,221 | 6,912 |
Current Loans | 263,628 | 245,893 |
Total loans | 269,849 | 252,805 |
Commercial Real Estate [Member] | Real Estate Loans [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 571 | 1,008 |
60-89 Days Past Due | ' | 757 |
Greater Than 90 Days Past Due | 1,257 | 511 |
Total Past Due | 1,828 | 2,276 |
Current Loans | 223,888 | 183,528 |
Total loans | 225,716 | 185,804 |
Commercial Real Estate [Member] | Real Estate Loans [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 239 | 348 |
60-89 Days Past Due | 241 | 92 |
Greater Than 90 Days Past Due | 2,753 | 2,907 |
Total Past Due | 3,233 | 3,347 |
Current Loans | 29,712 | 40,785 |
Total loans | 32,945 | 44,132 |
Commercial Real Estate [Member] | Real Estate Loans [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 459 | 76 |
60-89 Days Past Due | ' | 4 |
Greater Than 90 Days Past Due | 701 | 1,209 |
Total Past Due | 1,160 | 1,289 |
Current Loans | 10,028 | 21,580 |
Total loans | 11,188 | 22,869 |
Construction and Land [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 79,771 | 66,875 |
Construction and Land [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 2,096 | 3,650 |
Construction and Land [Member] | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 425 | 951 |
60-89 Days Past Due | 28 | 6 |
Greater Than 90 Days Past Due | 1,145 | 1,782 |
Total Past Due | 1,598 | 2,739 |
Current Loans | 81,673 | 72,790 |
Total loans | 83,271 | 75,529 |
Construction and Land [Member] | Real Estate Loans [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 406 | 285 |
60-89 Days Past Due | 1 | ' |
Greater Than 90 Days Past Due | 83 | 167 |
Total Past Due | 490 | 452 |
Current Loans | 79,281 | 66,423 |
Total loans | 79,771 | 66,875 |
Construction and Land [Member] | Real Estate Loans [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 8 | 577 |
60-89 Days Past Due | ' | ' |
Greater Than 90 Days Past Due | 1,052 | 366 |
Total Past Due | 1,060 | 943 |
Current Loans | 1,036 | 2,707 |
Total loans | 2,096 | 3,650 |
Construction and Land [Member] | Real Estate Loans [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 11 | 89 |
60-89 Days Past Due | 27 | 6 |
Greater Than 90 Days Past Due | 10 | 1,249 |
Total Past Due | 48 | 1,344 |
Current Loans | 1,356 | 3,660 |
Total loans | 1,404 | 5,004 |
Multi-Family Residential [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 7,778 | 8,458 |
Multi-Family Residential [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 7,678 | 9,818 |
Multi-Family Residential [Member] | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 879 | 531 |
60-89 Days Past Due | ' | ' |
Greater Than 90 Days Past Due | 987 | 1,207 |
Total Past Due | 1,866 | 1,738 |
Current Loans | 14,712 | 17,921 |
Total loans | 16,578 | 19,659 |
Multi-Family Residential [Member] | Real Estate Loans [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | 220 |
60-89 Days Past Due | ' | ' |
Greater Than 90 Days Past Due | ' | 529 |
Total Past Due | ' | 749 |
Current Loans | 7,778 | 7,709 |
Total loans | 7,778 | 8,458 |
Multi-Family Residential [Member] | Real Estate Loans [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 879 | 311 |
60-89 Days Past Due | ' | ' |
Greater Than 90 Days Past Due | 987 | 678 |
Total Past Due | 1,866 | 989 |
Current Loans | 5,812 | 8,829 |
Total loans | 7,678 | 9,818 |
Multi-Family Residential [Member] | Real Estate Loans [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | ' |
60-89 Days Past Due | ' | ' |
Greater Than 90 Days Past Due | ' | ' |
Total Past Due | ' | ' |
Current Loans | 1,122 | 1,383 |
Total loans | 1,122 | 1,383 |
Commercial and Industrial [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 73,834 | 66,321 |
Commercial and Industrial [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 2,428 | 4,469 |
Commercial and Industrial [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 2,031 | 108 |
60-89 Days Past Due | 3,352 | 175 |
Greater Than 90 Days Past Due | 244 | 536 |
Total Past Due | 5,627 | 819 |
Current Loans | 71,906 | 71,434 |
Total loans | 77,533 | 72,253 |
Commercial and Industrial [Member] | Other Loans [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 2,026 | 60 |
60-89 Days Past Due | 3,243 | 35 |
Greater Than 90 Days Past Due | 182 | 170 |
Total Past Due | 5,451 | 265 |
Current Loans | 68,383 | 66,056 |
Total loans | 73,834 | 66,321 |
Commercial and Industrial [Member] | Other Loans [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | 48 |
60-89 Days Past Due | ' | 65 |
Greater Than 90 Days Past Due | ' | ' |
Total Past Due | ' | 113 |
Current Loans | 2,428 | 4,356 |
Total loans | 2,428 | 4,469 |
Commercial and Industrial [Member] | Other Loans [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 5 | ' |
60-89 Days Past Due | 109 | 75 |
Greater Than 90 Days Past Due | 62 | 366 |
Total Past Due | 176 | 441 |
Current Loans | 1,095 | 1,022 |
Total loans | 1,271 | 1,463 |
Consumer [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 39,661 | 33,341 |
Consumer [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 497 | 695 |
Consumer [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 514 | 523 |
60-89 Days Past Due | 262 | 453 |
Greater Than 90 Days Past Due | 277 | 14 |
Total Past Due | 1,053 | 990 |
Current Loans | 39,105 | 33,651 |
Total loans | 40,158 | 34,641 |
Consumer [Member] | Other Loans [Member] | Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 514 | 479 |
60-89 Days Past Due | 262 | 449 |
Greater Than 90 Days Past Due | 277 | 1 |
Total Past Due | 1,053 | 929 |
Current Loans | 38,608 | 32,412 |
Total loans | 39,661 | 33,341 |
Consumer [Member] | Other Loans [Member] | Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | ' |
60-89 Days Past Due | ' | ' |
Greater Than 90 Days Past Due | ' | ' |
Total Past Due | ' | ' |
Current Loans | 497 | 695 |
Total loans | 497 | 695 |
Consumer [Member] | Other Loans [Member] | Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | 44 |
60-89 Days Past Due | ' | 4 |
Greater Than 90 Days Past Due | ' | 13 |
Total Past Due | ' | 61 |
Current Loans | ' | 544 |
Total loans | ' | $605 |
Loans_Additional_Information_D
Loans - Additional Information (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
SecurityLoan | ||
TDRs | ||
Receivables [Abstract] | ' | ' |
Financing receivable, recorded investment, 90 days past due and still accruing | $0 | $0 |
Maximum period of noncovered loans past due and accruing | '90 days | '90 days |
Accrued interest receivable for loans | 2,553,000 | 2,708,000 |
TDR four loan totaling | 707,000 | ' |
Other performing TDR not defaulted subsequent to restructuring or to the date financial statements available | 0 | ' |
Number of loans modified as TDR in current year | 4 | ' |
Troubled debt restructuring performed | $0 | ' |
Loans_Summary_of_Information_P
Loans - Summary of Information Pertaining to Impaired Loans Excluding Acquired Loans (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | $2,580 | $5,536 |
Unpaid Principal Balance | 2,580 | 5,536 |
Related Allowance | 482 | 183 |
Average Recorded Investment | 4,512 | 7,408 |
Interest Income Recognized | 67 | 217 |
With an Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 1,247 | 790 |
Unpaid Principal Balance | 1,247 | 790 |
Related Allowance | 482 | 183 |
Average Recorded Investment | 1,220 | 1,723 |
Interest Income Recognized | 38 | 53 |
With no Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 1,333 | 4,746 |
Unpaid Principal Balance | 1,333 | 4,746 |
Related Allowance | ' | ' |
Average Recorded Investment | 3,292 | 5,685 |
Interest Income Recognized | 29 | 164 |
One- to Four-Family First Mortgage [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 386 | 1,464 |
Unpaid Principal Balance | 386 | 1,464 |
Related Allowance | ' | 49 |
Average Recorded Investment | 908 | 1,401 |
Interest Income Recognized | 12 | 85 |
One- to Four-Family First Mortgage [Member] | With an Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | 347 |
Unpaid Principal Balance | ' | 347 |
Related Allowance | ' | 49 |
Average Recorded Investment | 126 | 445 |
Interest Income Recognized | ' | 23 |
One- to Four-Family First Mortgage [Member] | With no Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 386 | 1,117 |
Unpaid Principal Balance | 386 | 1,117 |
Related Allowance | ' | ' |
Average Recorded Investment | 782 | 956 |
Interest Income Recognized | 12 | 62 |
Home Equity Loans and Lines [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 3 | 56 |
Unpaid Principal Balance | 3 | 56 |
Related Allowance | ' | ' |
Average Recorded Investment | 26 | 74 |
Interest Income Recognized | ' | 2 |
Home Equity Loans and Lines [Member] | With an Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | ' | 3 |
Interest Income Recognized | ' | ' |
Home Equity Loans and Lines [Member] | With no Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 3 | 56 |
Unpaid Principal Balance | 3 | 56 |
Related Allowance | ' | ' |
Average Recorded Investment | 26 | 71 |
Interest Income Recognized | ' | 2 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 360 | 3,428 |
Unpaid Principal Balance | 360 | 3,428 |
Related Allowance | ' | 134 |
Average Recorded Investment | 1,438 | 3,747 |
Interest Income Recognized | ' | 130 |
Commercial Real Estate [Member] | With an Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | 443 |
Unpaid Principal Balance | ' | 443 |
Related Allowance | ' | 134 |
Average Recorded Investment | 102 | 296 |
Interest Income Recognized | ' | 30 |
Commercial Real Estate [Member] | With no Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 360 | 2,985 |
Unpaid Principal Balance | 360 | 2,985 |
Related Allowance | ' | ' |
Average Recorded Investment | 1,336 | 3,451 |
Interest Income Recognized | ' | 100 |
Construction and Land [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | 60 |
Unpaid Principal Balance | ' | 60 |
Related Allowance | ' | ' |
Average Recorded Investment | 85 | 1,581 |
Interest Income Recognized | ' | ' |
Construction and Land [Member] | With an Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | 5 | 950 |
Interest Income Recognized | ' | ' |
Construction and Land [Member] | With no Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | 60 |
Unpaid Principal Balance | ' | 60 |
Related Allowance | ' | ' |
Average Recorded Investment | 80 | 631 |
Interest Income Recognized | ' | ' |
Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | 528 |
Unpaid Principal Balance | ' | 528 |
Related Allowance | ' | ' |
Average Recorded Investment | 325 | 528 |
Interest Income Recognized | ' | ' |
Multi-Family Residential [Member] | With an Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | ' | ' |
Interest Income Recognized | ' | ' |
Multi-Family Residential [Member] | With no Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | 528 |
Unpaid Principal Balance | ' | 528 |
Related Allowance | ' | ' |
Average Recorded Investment | 325 | 528 |
Interest Income Recognized | ' | ' |
Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 1,831 | ' |
Unpaid Principal Balance | 1,831 | ' |
Related Allowance | 482 | ' |
Average Recorded Investment | 1,730 | 77 |
Interest Income Recognized | 55 | ' |
Commercial and Industrial [Member] | With an Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 1,247 | ' |
Unpaid Principal Balance | 1,247 | ' |
Related Allowance | 482 | ' |
Average Recorded Investment | 987 | 29 |
Interest Income Recognized | 38 | ' |
Commercial and Industrial [Member] | With no Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 584 | ' |
Unpaid Principal Balance | 584 | ' |
Related Allowance | ' | ' |
Average Recorded Investment | 743 | 48 |
Interest Income Recognized | 17 | ' |
Consumer [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | ' | ' |
Interest Income Recognized | ' | ' |
Consumer [Member] | With an Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | ' | ' |
Interest Income Recognized | ' | ' |
Consumer [Member] | With no Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | ' | ' |
Interest Income Recognized | ' | ' |
Loans_Summary_of_Information_P1
Loans - Summary of Information Pertaining to Nonaccrual Noncovered Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | $24,759 | $21,947 |
One- to Four-Family First Mortgage [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 7,617 | 7,260 |
Home Equity Loans and Lines [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 723 | 284 |
Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 7,117 | 6,984 |
Construction and Land [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 1,831 | 4,113 |
Multi-Family Residential [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 2,248 | 1,327 |
Commercial and Industrial [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 4,835 | 1,916 |
Consumer [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 388 | 63 |
Originated Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 6,936 | 2,179 |
Originated Loans [Member] | One- to Four-Family First Mortgage [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 689 | 126 |
Originated Loans [Member] | Home Equity Loans and Lines [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 66 | ' |
Originated Loans [Member] | Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 1,939 | 1,187 |
Originated Loans [Member] | Construction and Land [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 84 | 166 |
Originated Loans [Member] | Multi-Family Residential [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | ' | 529 |
Originated Loans [Member] | Commercial and Industrial [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 3,881 | 170 |
Originated Loans [Member] | Consumer [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 277 | 1 |
Non-Covered Acquired Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 12,743 | 10,188 |
Non-Covered Acquired Loans [Member] | One- to Four-Family First Mortgage [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 4,744 | 4,518 |
Non-Covered Acquired Loans [Member] | Home Equity Loans and Lines [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 487 | 149 |
Non-Covered Acquired Loans [Member] | Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 3,957 | 4,180 |
Non-Covered Acquired Loans [Member] | Construction and Land [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 1,307 | 543 |
Non-Covered Acquired Loans [Member] | Multi-Family Residential [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 2,248 | 798 |
Non-Covered Acquired Loans [Member] | Commercial and Industrial [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | ' | ' |
Non-Covered Acquired Loans [Member] | Consumer [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | ' | ' |
Covered Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 5,080 | 9,580 |
Covered Loans [Member] | One- to Four-Family First Mortgage [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 2,184 | 2,616 |
Covered Loans [Member] | Home Equity Loans and Lines [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 170 | 135 |
Covered Loans [Member] | Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 1,221 | 1,617 |
Covered Loans [Member] | Construction and Land [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 440 | 3,404 |
Covered Loans [Member] | Multi-Family Residential [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | ' | ' |
Covered Loans [Member] | Commercial and Industrial [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | 954 | 1,746 |
Covered Loans [Member] | Consumer [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans | $111 | $62 |
Loans_Summary_of_Information_P2
Loans - Summary of Information Pertaining to Nonaccrual Noncovered Loans (Parenthetical) (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual non-covered acquired loans | $24,759 | $21,947 |
Non-Covered Acquired Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual non-covered acquired loans | 12,743 | 10,188 |
Non-Covered Acquired Loans [Member] | ASC 310-30 [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual non-covered acquired loans | $5,500 | $3,400 |
Loans_Information_about_Compan
Loans - Information about Company's TDRs (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | $430 | $505 |
Past Due Greater Than 30 Days | ' | 609 |
Nonaccrual TDRs | 3,968 | 2,864 |
Total TDRs | 4,398 | 3,978 |
Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 422 | 471 |
Past Due Greater Than 30 Days | ' | 609 |
Nonaccrual TDRs | 3,107 | 1,968 |
Total TDRs | 3,529 | 3,048 |
Real Estate Loans [Member] | One- to Four-Family First Mortgage [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | 310 |
Nonaccrual TDRs | 882 | 52 |
Total TDRs | 882 | 362 |
Real Estate Loans [Member] | Home Equity Loans and Lines [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | ' | ' |
Total TDRs | ' | ' |
Real Estate Loans [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 275 | ' |
Past Due Greater Than 30 Days | ' | 299 |
Nonaccrual TDRs | 1,157 | 1,238 |
Total TDRs | 1,432 | 1,537 |
Real Estate Loans [Member] | Construction and Land [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 147 | 471 |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | 392 | ' |
Total TDRs | 539 | 471 |
Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | 676 | 678 |
Total TDRs | 676 | 678 |
Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 8 | 34 |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | 861 | 896 |
Total TDRs | 869 | 930 |
Other Loans [Member] | Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | 5 |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | 830 | 896 |
Total TDRs | 830 | 901 |
Other Loans [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 8 | 29 |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | 31 | ' |
Total TDRs | 39 | 29 |
Originated Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 425 | 199 |
Past Due Greater Than 30 Days | ' | 609 |
Nonaccrual TDRs | 407 | 112 |
Total TDRs | 832 | 920 |
Originated Loans [Member] | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 422 | 182 |
Past Due Greater Than 30 Days | ' | 609 |
Nonaccrual TDRs | 407 | 112 |
Total TDRs | 829 | 903 |
Originated Loans [Member] | Real Estate Loans [Member] | One- to Four-Family First Mortgage [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | 310 |
Nonaccrual TDRs | 296 | ' |
Total TDRs | 296 | 310 |
Originated Loans [Member] | Real Estate Loans [Member] | Home Equity Loans and Lines [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | ' | ' |
Total TDRs | ' | ' |
Originated Loans [Member] | Real Estate Loans [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 275 | ' |
Past Due Greater Than 30 Days | ' | 299 |
Nonaccrual TDRs | 111 | 112 |
Total TDRs | 386 | 411 |
Originated Loans [Member] | Real Estate Loans [Member] | Construction and Land [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 147 | 182 |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | ' | ' |
Total TDRs | 147 | 182 |
Originated Loans [Member] | Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | ' | ' |
Total TDRs | ' | ' |
Originated Loans [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 3 | 17 |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | ' | ' |
Total TDRs | 3 | 17 |
Originated Loans [Member] | Other Loans [Member] | Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | 5 |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | ' | ' |
Total TDRs | ' | 5 |
Originated Loans [Member] | Other Loans [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 3 | 12 |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | ' | ' |
Total TDRs | 3 | 12 |
Non-Covered Acquired Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | 2,308 | 1,856 |
Total TDRs | 2,308 | 1,856 |
Non-Covered Acquired Loans [Member] | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | 2,308 | 1,856 |
Total TDRs | 2,308 | 1,856 |
Non-Covered Acquired Loans [Member] | Real Estate Loans [Member] | One- to Four-Family First Mortgage [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | 586 | 52 |
Total TDRs | 586 | 52 |
Non-Covered Acquired Loans [Member] | Real Estate Loans [Member] | Home Equity Loans and Lines [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | ' | ' |
Total TDRs | ' | ' |
Non-Covered Acquired Loans [Member] | Real Estate Loans [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | 1,046 | 1,126 |
Total TDRs | 1,046 | 1,126 |
Non-Covered Acquired Loans [Member] | Real Estate Loans [Member] | Construction and Land [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | ' | ' |
Total TDRs | ' | ' |
Non-Covered Acquired Loans [Member] | Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | 676 | 678 |
Total TDRs | 676 | 678 |
Non-Covered Acquired Loans [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | ' | ' |
Total TDRs | ' | ' |
Non-Covered Acquired Loans [Member] | Other Loans [Member] | Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | ' | ' |
Total TDRs | ' | ' |
Non-Covered Acquired Loans [Member] | Other Loans [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | ' | ' |
Total TDRs | ' | ' |
Covered Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 5 | 306 |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | 1,253 | 896 |
Total TDRs | 1,258 | 1,202 |
Covered Loans [Member] | Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | 289 |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | 392 | ' |
Total TDRs | 392 | 289 |
Covered Loans [Member] | Real Estate Loans [Member] | One- to Four-Family First Mortgage [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | ' | ' |
Total TDRs | ' | ' |
Covered Loans [Member] | Real Estate Loans [Member] | Home Equity Loans and Lines [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | ' | ' |
Total TDRs | ' | ' |
Covered Loans [Member] | Real Estate Loans [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | ' | ' |
Total TDRs | ' | ' |
Covered Loans [Member] | Real Estate Loans [Member] | Construction and Land [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | 289 |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | 392 | ' |
Total TDRs | 392 | 289 |
Covered Loans [Member] | Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | ' | ' |
Total TDRs | ' | ' |
Covered Loans [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 5 | 17 |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | 861 | 896 |
Total TDRs | 866 | 913 |
Covered Loans [Member] | Other Loans [Member] | Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | ' | ' |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | 830 | 896 |
Total TDRs | 830 | 896 |
Covered Loans [Member] | Other Loans [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 5 | 17 |
Past Due Greater Than 30 Days | ' | ' |
Nonaccrual TDRs | 31 | ' |
Total TDRs | $36 | $17 |
Loans_Summary_of_Information_P3
Loans - Summary of Information Pertaining to Modified Terms of Loans (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Contract | Contract | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Number of Contracts | 19 | 14 |
Pre-modification Outstanding Recorded Investment | $5,811 | $4,935 |
Post-modification Outstanding Recorded Investment | 4,398 | 3,978 |
One- to Four-Family First Mortgage [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Number of Contracts | 5 | 2 |
Pre-modification Outstanding Recorded Investment | 1,036 | 365 |
Post-modification Outstanding Recorded Investment | 882 | 361 |
Home Equity Loans and Lines [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-modification Outstanding Recorded Investment | ' | ' |
Post-modification Outstanding Recorded Investment | ' | ' |
Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Number of Contracts | 3 | 3 |
Pre-modification Outstanding Recorded Investment | 1,452 | 1,556 |
Post-modification Outstanding Recorded Investment | 1,432 | 1,537 |
Construction and Land [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Number of Contracts | 4 | 3 |
Pre-modification Outstanding Recorded Investment | 1,299 | 936 |
Post-modification Outstanding Recorded Investment | 539 | 471 |
Multi-Family Residential [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Number of Contracts | 1 | 1 |
Pre-modification Outstanding Recorded Investment | 784 | 787 |
Post-modification Outstanding Recorded Investment | 676 | 679 |
Commercial and Industrial [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Number of Contracts | 1 | 2 |
Pre-modification Outstanding Recorded Investment | 1,174 | 1,250 |
Post-modification Outstanding Recorded Investment | 830 | 901 |
Consumer [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Number of Contracts | 5 | 3 |
Pre-modification Outstanding Recorded Investment | 66 | 41 |
Post-modification Outstanding Recorded Investment | $39 | $29 |
Loan_Servicing_Unpaid_Principa
Loan Servicing - Unpaid Principal Balance of Serviced Mortgage Loans for Others (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Balance, end of period | $119,922 | $133,107 | $136,525 |
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Balance, end of period | 13,325 | 16,755 | 23,832 |
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Balance, end of period | $106,597 | $116,352 | $112,693 |
Loan_Servicing_Activity_Relate
Loan Servicing - Activity Related to Servicing Assets (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Receivables [Abstract] | ' | ' | ' |
Balance at the beginning of the year | $611 | $545 | $145 |
Recognition of servicing assets from the transfer of financial assets | 101 | 261 | 529 |
Amortization | -196 | -195 | -129 |
Balance, end of period | 516 | 611 | 545 |
Fair value, end of period | $1,009 | $1,995 | $1,811 |
Loan_Servicing_Activity_Relate1
Loan Servicing - Activity Related to Servicing Assets (Parenthetical) (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Acquired in the acquisition of GSFC | $101,000 | $261,000 | $529,000 |
GS Financial Corporation [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Acquired in the acquisition of GSFC | ' | ' | $404,000 |
Loan_Servicing_Additional_Info
Loan Servicing - Additional Information (Detail) (Loan Servicing [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Loan Servicing [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Foregoing loan servicing arrangements | $1,064,000 | $1,313,000 |
Office_Properties_and_Equipmen2
Office Properties and Equipment - Summary of Office Properties and Equipment (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Property, Plant and Equipment [Line Items] | ' | ' |
Total office properties and equipment, Gross | $43,919,000 | $42,572,000 |
Less accumulated depreciation | 13,216,000 | 11,795,000 |
Total office properties and equipment, net | 30,702,635 | 30,777,184 |
Land [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total office properties and equipment, Gross | 10,330,000 | 10,330,000 |
Building and Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total office properties and equipment, Gross | 23,170,000 | 22,809,000 |
Furniture and Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total office properties and equipment, Gross | $10,419,000 | $9,433,000 |
Office_Properties_and_Equipmen3
Office Properties and Equipment - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Property Plant And Equipment [Abstract] | ' | ' | ' |
Depreciation expense | $1,420,986 | $1,452,244 | $1,299,370 |
Goodwill_and_Intangibles_Addit
Goodwill and Intangibles - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Goodwill | $856,000 | $856,000 | ' | ' |
Carrying amount of mortgage servicing asset | 516,000 | 611,000 | 545,000 | 145,000 |
Core Deposits [Member] | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Amortization on core deposit intangible | $332,000 | $377,000 | $318,000 | ' |
Goodwill_and_Intangibles_Summa
Goodwill and Intangibles - Summary of Core Deposit Intangible Assets (Detail) (Core Deposits [Member], USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Core Deposits [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Gross carrying amount | $1,385,000 | $1,762,000 | ' |
Core deposit intangibles acquired during the year | ' | ' | ' |
Less amortization | -332,000 | -377,000 | -318,000 |
Total core deposit intangible asset | $1,053,000 | $1,385,000 | ' |
Deposits_Schedule_of_Deposits_
Deposits - Schedule of Deposits Classifications (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Banking And Thrift [Abstract] | ' | ' |
Demand deposit accounts | $174,475,000 | $152,462,000 |
Savings | 56,694,000 | 51,515,000 |
Money market accounts | 192,303,000 | 191,191,000 |
NOW accounts | 125,391,000 | 123,294,000 |
Certificates of deposit | 192,449,000 | 252,967,000 |
Total deposits | $741,312,416 | $771,429,335 |
Deposits_Scheduled_Maturities_
Deposits - Scheduled Maturities of Certificates of Deposit (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Banking And Thrift [Abstract] | ' |
2014 | $115,188 |
2015 | 49,692 |
2016 | 7,618 |
2017 | 4,529 |
2018 | 1,164 |
Thereafter | 14,258 |
Total certificates of deposit | $192,449 |
Deposits_Additional_Informatio
Deposits - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Banking And Thrift [Abstract] | ' | ' |
Aggregate amount of certificates of deposit | $83,863,000 | $119,766,000 |
Shortterm_FHLB_Advances_Additi
Short-term FHLB Advances -Additional Information (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Banking And Thrift [Abstract] | ' | ' |
Short-term FHLB advances | $87,000,000 | $10,000,000 |
Average volume of FHLB balances | 30,110,000 | 26,467,000 |
Additional FHLB advances | $262,345,000 | $320,892,000 |
Longterm_FHLB_Advances_Additio
Long-term FHLB Advances - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Banking And Thrift [Abstract] | ' | ' |
Long-term FHLB Advances | $10,000,000 | $36,256,805 |
Fixed rate long-term Fhlb advance maturing in 2017 | $10,000,000 | ' |
Fixed rate long-term Fhlb advance maturing in 2017 weighted average interest rate | 3.22% | ' |
Income_Taxes_Summarized_Income
Income Taxes - Summarized Income Tax (Benefit) Expense (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current | ' | ' | ' | ' | ' | ' | ' | ' | $5,001,000 | $4,281,000 | $988,000 |
Deferred | ' | ' | ' | ' | ' | ' | ' | ' | -1,265,038 | 324,101 | 1,647,022 |
Income tax expense | $919,000 | $1,244,000 | $621,000 | $952,000 | $1,116,000 | $1,506,000 | $912,000 | $1,071,000 | $3,736,138 | $4,604,930 | $2,635,411 |
Income_Tax_Summarized_Deferred
Income Tax - Summarized Deferred Tax Asset (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets (liabilities): | ' | ' |
FHLB stock dividends | ($7) | $10 |
Provision for loan losses | 2,421 | 1,809 |
Accumulated depreciation | -1,166 | -1,204 |
Intangible assets | 311 | 203 |
Unrealized gain on securities available for sale | -105 | -1,668 |
Discount on purchased loans | -372 | -435 |
Borrowings | ' | 67 |
Premium on purchased deposits | 9 | 34 |
Mortgage servicing rights | -181 | -208 |
Deferred compensation | 763 | 284 |
Stock-based compensation | 790 | 623 |
Other | 1,060 | 1,116 |
Deferred tax asset | $3,523 | $631 |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Income Taxes [Line Items] | ' | ' | ' |
Federal income tax statutory rate | 35.00% | 34.00% | 34.00% |
Retained earnings | $5,837,000 | $5,837,000 | $5,837,000 |
Portion of retained earnings not treated for deferred federal income tax liability | 0 | 0 | 0 |
Unrecorded deferred income tax liability | 1,985,000 | 1,985,000 | 1,985,000 |
Domestic Tax Authority [Member] | ' | ' | ' |
Income Taxes [Line Items] | ' | ' | ' |
Recognized deferred federal income tax liability | $0 | $0 | $0 |
Income_Taxes_Provision_for_Fed
Income Taxes - Provision for Federal Income Taxes (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Federal tax based on statutory rate | ' | ' | ' | ' | ' | ' | ' | ' | $3,857,000 | $4,686,000 | $2,637,000 |
State tax based on statutory rate | ' | ' | ' | ' | ' | ' | ' | ' | 10,000 | 13,000 | 16,000 |
(Decrease) increase resulting from: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Effect of tax-exempt income | ' | ' | ' | ' | ' | ' | ' | ' | -294,000 | -160,000 | -76,000 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 163,000 | 66,000 | 58,000 |
Income tax expense | $919,000 | $1,244,000 | $621,000 | $952,000 | $1,116,000 | $1,506,000 | $912,000 | $1,071,000 | $3,736,138 | $4,604,930 | $2,635,411 |
Effective tax rate | ' | ' | ' | ' | ' | ' | ' | ' | 33.90% | 33.40% | 34.00% |
Commitments_and_Contingencies_1
Commitments and Contingencies - Additional Information (Detail) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Commitments And Contingencies Disclosure [Abstract] | ' |
Loan commitments maturities period | '1 year |
Commitments which present an unusual risk | $0 |
Material losses anticipated | $0 |
Commitments_and_Contingencies_2
Commitments and Contingencies - Summary of Outstanding Commitments to Originate Loans and to Advance Additional Amounts (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Standby Letters of Credit [Member] | ' | ' |
Other Commitments [Line Items] | ' | ' |
Contract Amount | $1,253 | $2,907 |
Available Portion of Lines of Credit [Member] | ' | ' |
Other Commitments [Line Items] | ' | ' |
Contract Amount | 60,755 | 59,124 |
Undisbursed Portion of Loans in Process [Member] | ' | ' |
Other Commitments [Line Items] | ' | ' |
Contract Amount | 72,333 | 47,678 |
Commitments to Originate Loans [Member] | ' | ' |
Other Commitments [Line Items] | ' | ' |
Contract Amount | $48,854 | $77,857 |
Regulatory_Matters_Banks_Actua
Regulatory Matters - Bank's Actual Capital Amounts and Ratios (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Regulated Operations [Abstract] | ' | ' |
Tier 1 risk-based capital, Actual amount | $139,182 | $130,002 |
Total risk-based capital, Actual amount | 146,100 | 135,322 |
Tier 1 leverage capital, Actual amount | 139,182 | 130,002 |
Tier 1 risk-based capital, Actual percentage | 20.84% | 20.97% |
Total risk-based capital, Actual percentage | 21.88% | 21.83% |
Tier 1 leverage capital, Actual percentage | 14.17% | 13.67% |
Tier 1 risk-based capital, Minimum For Capital Adequacy Purposes, amount | 26,712 | 24,796 |
Total risk-based capital, Minimum For Capital Adequacy Purposes, amount | 53,424 | 49,593 |
Tier 1 leverage capital, Minimum For Capital Adequacy Purposes, amount | 14,730 | 38,050 |
Tier 1 risk-based capital, Minimum For Capital Adequacy Purposes, percentage | 4.00% | 4.00% |
Total risk-based capital, Minimum For Capital Adequacy Purposes, percentage | 8.00% | 8.00% |
Tier 1 leverage capital, Minimum For Capital Adequacy Purposes, percentage | 4.00% | 4.00% |
Tier 1 risk-based capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, amount | 40,068 | 37,195 |
Total risk-based capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, amount | 66,780 | 61,991 |
Tier 1 leverage capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, amount | $49,100 | $47,562 |
Tier 1 risk-based capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, percentage | 6.00% | 6.00% |
Total risk-based capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, percentage | 10.00% | 10.00% |
Tier 1 leverage capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, percentage | 5.00% | 5.00% |
Benefit_Plans_Additional_Infor
Benefit Plans - Additional Information (Detail) (USD $) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2007 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | |
Chief Lending Officer [Member] | 401(k) Match and Profit Sharing Plan [Member] | 401(k) Match and Profit Sharing Plan [Member] | 401(k) Match and Profit Sharing Plan [Member] | Salary Continuation Agreements [Member] | Salary Continuation Agreements [Member] | Salary Continuation Agreements [Member] | Salary Continuation Agreements [Member] | Salary Continuation Agreements [Member] | Salary Continuation Agreements [Member] | ||||
Employees | Chief Executive Officer [Member] | Chief Lending Officer [Member] | Chief Executive Officer and Chief Lending Officer [Member] | Chief Executive Officer and Chief Lending Officer [Member] | |||||||||
Installment | |||||||||||||
Benefit Plans [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percent of contributions made by plan participants | ' | ' | ' | ' | 75.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Percent of matching contributions made by company | ' | ' | ' | ' | 4.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Matching contributions made by company, amount | ' | ' | ' | ' | $335,000 | $386,000 | $358,000 | ' | ' | ' | ' | ' | ' |
Eligibility to participate in ESOP based on service | '6 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Eligibility age to participate in ESOP | '21 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contributions for the plan necessary to amortize the debt to the company, period | '20 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Compensation cost related to ESOP | 653,000 | 612,000 | 520,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of the unearned ESOP shares | 9,928,000 | 10,264,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of employees covered | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' |
Period of stated annual benefit | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' | ' | ' |
Age after which employees will be entitled to a stated annual benefit | ' | ' | ' | ' | ' | ' | ' | ' | ' | '62 years | '65 years | ' | ' |
Vested period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' |
Percent of period vested | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' |
Period of vested benefits, in the event of early retirement | ' | ' | ' | '120 months | ' | ' | ' | '120 months | ' | ' | ' | ' | ' |
Executive's beneficiary ratio | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' |
Period for which executive's beneficiary will receive upon death | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | '120 months | ' | ' |
Distribution of fully vested annual benefit in equal installments | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12 | ' | ' | ' |
Annual benefits distribution period | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' |
Stated annual benefit for executive | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' |
Period of separation from service | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '24 months | ' | ' |
Delay in periods | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '6 months | ' | ' |
Post retirement liability outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $958,000 | $835,000 |
Benefit_Plans_Summary_of_Emplo
Benefit Plans - Summary of Employee Stock Ownership Plan (Detail) | 12 Months Ended |
Dec. 31, 2013 | |
Compensation And Retirement Disclosure [Abstract] | ' |
Shares allocated, beginning of year | 143,578 |
Shares allocated during the year | 35,710 |
Shares distributed during the year | -7,341 |
Allocated shares held by ESOP trust as of year end | 171,947 |
Unallocated shares | 526,683 |
Total ESOP shares | 698,630 |
Stockbased_Payment_Arrangement2
Stock-based Payment Arrangements - Additional Information (Detail) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2009 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Two Thousand Nine Stock Option Plan [Member] | Two Thousand Nine Stock Option Plan [Member] | Two Thousand Nine Stock Option Plan [Member] | Two Thousand Nine Stock Option Plan [Member] | Recognition and Retention Plan [Member] | Recognition and Retention Plan [Member] | Recognition and Retention Plan [Member] | Recognition and Retention Plan [Member] | Recognition and Retention Plan [Member] | |
Employee Stock Option [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum option term | '10 years | ' | ' | ' | ' | ' | ' | ' | ' |
Stock option vesting period | '5 years | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum number of shares issuable under the SOP | ' | ' | ' | 892,687 | 357,075 | ' | ' | ' | ' |
Shares outstanding under the SOP | ' | ' | ' | 850,020 | ' | ' | ' | ' | ' |
Unrecognized compensation cost | $497,000 | ' | ' | ' | $493,000 | ' | ' | ' | ' |
Unrecognized compensation cost, period for recognition | '2 years 2 months 12 days | ' | ' | ' | '5 years | ' | ' | ' | ' |
Compensation and benefits expense | 681,000 | 663,000 | 626,000 | ' | ' | ' | 793,000 | 802,000 | 771,000 |
Percent of outstanding common to be approved for restricted stock awards under the RRP | ' | ' | ' | ' | 4.00% | ' | ' | ' | ' |
Average cost of shares in open market required to fund the RRP | ' | ' | ' | ' | ' | $11.81 | ' | ' | ' |
Total cost of shares held by the RRP | ' | ' | ' | ' | $1,018,000 | ' | ' | ' | ' |
Stockbased_Payment_Arrangement3
Stock-based Payment Arrangements - Assumptions Made to Estimate Fair Value (Detail) | 12 Months Ended |
Dec. 31, 2013 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' |
Expected dividends | 1.50% |
Expected volatility | 32.42% |
Risk-free interest rate | 1.70% |
Expected term (in years) | '6 years 6 months |
Stockbased_Payment_Arrangement4
Stock-based Payment Arrangements - Summary of Stock Option Activity (Detail) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' |
Outstanding, Number of Option, Beginning Balance | 850,520 |
Granted, Number of Options | 17,500 |
Exercised, Number of Options | -7,900 |
Forfeited, Number of Options | -10,100 |
Outstanding, Number of Option, Ending Balance | 850,020 |
Exercisable, Number of Options | 631,484 |
Outstanding, Weighted Average Exercise Price, Beginning Balance | $11.84 |
Granted, Weighted-Average Exercise Price | $17.67 |
Exercised, Weighted-Average Exercise Price | $11.53 |
Forfeited, Weighted-Average Exercise Price | $15.25 |
Outstanding, Weighted Average Exercise Price, Ending Balance | $11.92 |
Exercisable, Weighted Average Exercise Price | $11.58 |
Outstanding, Weighted-Average Grant Date Fair Value, Beginning Balance | $3.89 |
Granted, Weighted-Average Grant Date Fair Value | $5.18 |
Exercised, Weighted-Average Grant Date Fair Value | $3.79 |
Forfeited, Weighted-Average Grant Date Fair Value | $5.23 |
Outstanding, Weighted-Average Grant Date Fair Value, Ending Balance | $3.90 |
Exercisable, Weighted-Average Grant Date Fair Value | $3.79 |
Outstanding, Weighted Average Remaining Contractual Term | '5 years 8 months 12 days |
Exercisable, Weighted Average Remaining Contractual Term | '5 years 4 months 24 days |
Outstanding, Aggregate Intrinsic Value Ending balance | $5,889,000 |
Exercisable, Aggregate Intrinsic Value | $4,593,000 |
Stockbased_Payment_Arrangement5
Stock-based Payment Arrangements - Unvested Restricted Stock Activity (Detail) (Restricted Stock [Member], Recognition and Retention Plan [Member], USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Restricted Stock [Member] | Recognition and Retention Plan [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Number of Shares, Beginning Balance | 144,840 |
Granted, Number of Shares | 8,000 |
Forfeited, Number of Shares | -3,900 |
Released, Number of Shares | -68,920 |
Number of Shares, Ending Balance | 80,020 |
Weighted-Average Grant Date Fair Value, Beginning Balance | $11.83 |
Granted, Weighted-Average Grant Date Fair Value | $17.54 |
Forfeited, Weighted-Average Grant Date Fair Value | $15.50 |
Released, Weighted-Average Grant Date Fair Value | $11.63 |
Weighted-Average Grant Date Fair Value, Ending Balance | $12.39 |
Earnings_Per_Share_Earnings_Pe
Earnings Per Share - Earnings Per Common Share (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Share data in Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Numerator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income applicable to common shares | $1,707,000 | $2,483,000 | $1,243,000 | $1,861,000 | $2,325,000 | $3,052,000 | $1,753,000 | $2,060,000 | $7,293,922 | $9,189,871 | $5,119,781 |
Denominator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average common shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 6,591 | 6,912 | 7,106 |
Effect of dilutive securities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average common shares outstanding-assuming dilution | ' | ' | ' | ' | ' | ' | ' | ' | 6,908 | 7,183 | 7,231 |
Earnings per common share | $0.26 | $0.38 | $0.19 | $0.28 | $0.34 | $0.44 | $0.25 | $0.30 | $1.11 | $1.33 | $0.72 |
Earnings per common share-assuming dilution | $0.25 | $0.37 | $0.18 | $0.26 | $0.33 | $0.42 | $0.24 | $0.29 | $1.06 | $1.28 | $0.71 |
Restricted Stock [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Effect of dilutive securities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted stock | ' | ' | ' | ' | ' | ' | ' | ' | 317 | 271 | 125 |
Earnings_Per_Share_Additional_
Earnings Per Share - Additional Information (Detail) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Earnings Per Share [Abstract] | ' | ' | ' |
Number of options and common stock not included in computing diluted earnings per share | 850,020 | 850,520 | 833,180 |
Related_Party_Transactions_Add
Related Party Transactions - Additional Information (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
SecurityLoan | SecurityLoan | |
Related Party Transaction [Line Items] | ' | ' |
Loans outstanding to directors, executive officers and their affiliates | $7,277,000 | $7,858,000 |
Maximum limit of percent of shareholders equity related party loans to identified as impaired | 5.00% | 5.00% |
Related party deposits | 12,155,000 | 11,552,000 |
Number of related party loans not treated as impaired | 0 | 0 |
Directors and Officers Liability Insurance [Member] | ' | ' |
Related Party Transaction [Line Items] | ' | ' |
Loans outstanding to directors, executive officers and their affiliates | $7,277,000 | $7,858,000 |
Related_Party_Transactions_Sum
Related Party Transactions - Summary of Related Party Loan Activity (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Related Party Transactions [Abstract] | ' |
Balance, beginning of year | $7,858 |
New loans | 1,700 |
Repayments, net | -2,281 |
Balance, end of year | $7,277 |
Fair_Value_Disclosures_Summary
Fair Value Disclosures - Summary of Assets and Liabilities Measured on Recurring Basis (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | $149,632,153 | $157,255,828 |
Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | 149,632,000 | 157,256,000 |
Fair Value, Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | 149,632,000 | 157,256,000 |
Fair Value, Measurements, Recurring [Member] | U.S. Agency Mortgage-Backed [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | 96,785,000 | 102,513,000 |
Fair Value, Measurements, Recurring [Member] | Non-U.S. Agency Mortgage-Backed [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | 9,749,000 | 12,668,000 |
Fair Value, Measurements, Recurring [Member] | Municipal Bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | 19,799,000 | 17,585,000 |
Fair Value, Measurements, Recurring [Member] | U.S. Government Agency [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | 23,299,000 | 24,490,000 |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | U.S. Agency Mortgage-Backed [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Non-U.S. Agency Mortgage-Backed [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Municipal Bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | U.S. Government Agency [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | 149,632,000 | 157,256,000 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | U.S. Agency Mortgage-Backed [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | 96,785,000 | 102,513,000 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Non-U.S. Agency Mortgage-Backed [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | 9,749,000 | 12,668,000 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Municipal Bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | 19,799,000 | 17,585,000 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | U.S. Government Agency [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | 23,299,000 | 24,490,000 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | U.S. Agency Mortgage-Backed [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Non-U.S. Agency Mortgage-Backed [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Municipal Bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | U.S. Government Agency [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | ' | ' |
Fair_Value_Disclosures_Summary1
Fair Value Disclosures - Summary of Financial Assets and Liabilities Measured at Fair Value on Nonrecurring Basis (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Acquired loans with deteriorated credit quality | $26,220 | $50,854 |
Acquired loans without deteriorated credit quality | 85,732 | 117,536 |
Impaired loans excluding acquired loans | 2,099 | 5,353 |
Repossessed assets | 4,566 | 6,454 |
FDIC loss sharing receivable | 12,698 | 15,546 |
Total | 131,315 | 195,743 |
Liabilities | ' | ' |
Deposits acquired through business combinations | 39,010 | 81,948 |
FHLB advances acquired through business combinations | ' | 18,257 |
Total | 39,010 | 100,205 |
Level 1 [Member] | ' | ' |
Assets | ' | ' |
Acquired loans with deteriorated credit quality | ' | ' |
Acquired loans without deteriorated credit quality | ' | ' |
Impaired loans excluding acquired loans | ' | ' |
Repossessed assets | ' | ' |
FDIC loss sharing receivable | ' | ' |
Total | ' | ' |
Liabilities | ' | ' |
Deposits acquired through business combinations | ' | ' |
FHLB advances acquired through business combinations | ' | ' |
Total | ' | ' |
Level 2 [Member] | ' | ' |
Assets | ' | ' |
Acquired loans with deteriorated credit quality | ' | ' |
Acquired loans without deteriorated credit quality | ' | ' |
Impaired loans excluding acquired loans | ' | ' |
Repossessed assets | ' | ' |
FDIC loss sharing receivable | ' | ' |
Total | ' | ' |
Liabilities | ' | ' |
Deposits acquired through business combinations | ' | ' |
FHLB advances acquired through business combinations | ' | ' |
Total | ' | ' |
Level 3 [Member] | ' | ' |
Assets | ' | ' |
Acquired loans with deteriorated credit quality | 26,220 | 50,854 |
Acquired loans without deteriorated credit quality | 85,732 | 117,536 |
Impaired loans excluding acquired loans | 2,099 | 5,353 |
Repossessed assets | 4,566 | 6,454 |
FDIC loss sharing receivable | 12,698 | 15,546 |
Total | 131,315 | 195,743 |
Liabilities | ' | ' |
Deposits acquired through business combinations | 39,010 | 81,948 |
FHLB advances acquired through business combinations | ' | 18,257 |
Total | $39,010 | $100,205 |
Fair_Value_Disclosures_Summary2
Fair Value Disclosures - Summary of Fair Values of Company's Financial Instruments (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Financial Assets | ' | ' |
Investment securities available for sale | $149,632,153 | $157,255,828 |
Investment securities held to maturity | 9,275,158 | 1,746,375 |
Financial Liabilities | ' | ' |
Short-term FHLB advances | 87,000,000 | 10,000,000 |
Level 1 [Member] | ' | ' |
Financial Assets | ' | ' |
Cash and cash equivalents | 32,639,000 | 39,529,000 |
Interest-bearing deposits in banks | 2,940,000 | 3,529,000 |
Cash surrender value of BOLI | 17,751,000 | 17,286,000 |
Financial Liabilities | ' | ' |
Short-term FHLB advances | 87,000,000 | 10,000,000 |
Level 2 [Member] | ' | ' |
Financial Assets | ' | ' |
Investment securities available for sale | 149,632,000 | 157,256,000 |
Investment securities held to maturity | 9,275,000 | 1,746,000 |
Mortgage loans held for sale | 1,951,000 | 5,627,000 |
Financial Liabilities | ' | ' |
Deposits | 663,158,000 | 692,377,000 |
Long-term FHLB advances | 10,613,000 | 19,362,000 |
Level 3 [Member] | ' | ' |
Financial Assets | ' | ' |
Loans, net | 708,863,000 | 676,622,000 |
FDIC loss sharing receivable | 12,698,000 | 15,546,000 |
Financial Liabilities | ' | ' |
Deposits | 39,010,000 | 81,948,000 |
Long-term FHLB advances | ' | 18,257,000 |
Carrying Amount [Member] | ' | ' |
Financial Assets | ' | ' |
Cash and cash equivalents | 32,639,000 | 39,539,000 |
Interest-bearing deposits in banks | 2,940,000 | 3,529,000 |
Investment securities available for sale | 149,632,000 | 157,256,000 |
Investment securities held to maturity | 9,405,000 | 1,665,000 |
Mortgage loans held for sale | 1,951,000 | 5,627,000 |
Loans, net | 700,538,000 | 667,809,000 |
Cash surrender value of BOLI | 17,751,000 | 17,286,000 |
FDIC loss sharing receivable | 12,698,000 | 15,546,000 |
Financial Liabilities | ' | ' |
Deposits | 741,312,000 | 771,429,000 |
Short-term FHLB advances | 87,000,000 | 10,000,000 |
Long-term FHLB advances | 10,000,000 | 36,257,000 |
Fair Value [Member] | ' | ' |
Financial Assets | ' | ' |
Cash and cash equivalents | 32,639,000 | 39,539,000 |
Interest-bearing deposits in banks | 2,940,000 | 3,529,000 |
Investment securities available for sale | 149,632,000 | 157,256,000 |
Investment securities held to maturity | 9,275,000 | 1,746,000 |
Mortgage loans held for sale | 1,951,000 | 5,627,000 |
Loans, net | 708,863,000 | 676,622,000 |
Cash surrender value of BOLI | 17,751,000 | 17,286,000 |
FDIC loss sharing receivable | 12,698,000 | 15,546,000 |
Financial Liabilities | ' | ' |
Deposits | 702,168,000 | 774,325,000 |
Short-term FHLB advances | 87,000,000 | 10,000,000 |
Long-term FHLB advances | $10,613,000 | $37,619,000 |
Condensed_Parent_Company_Only_2
Condensed Parent Company Only Financial Statements - Condensed Balance Sheets (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Assets | ' | ' | ' | ' |
Cash in bank | $32,638,900 | $39,539,366 | $31,769,438 | $36,970,638 |
Investment securities | 149,632,153 | 157,255,828 | ' | ' |
Total Assets | 984,240,958 | 962,926,264 | ' | ' |
Liabilities | 842,331,429 | 821,352,404 | ' | ' |
Shareholders' equity | 141,909,529 | 141,573,860 | 134,284,835 | 131,529,944 |
Total Liabilities and Shareholders' Equity | 984,240,958 | 962,926,264 | ' | ' |
Parent Company [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash in bank | 313,000 | 2,088,000 | 1,975,000 | 8,621,000 |
Investment securities | ' | 4,182,000 | ' | ' |
Investment in subsidiary | 141,286,000 | 135,298,000 | ' | ' |
Other assets | 650,000 | 629,000 | ' | ' |
Total Assets | 142,249,000 | 142,197,000 | ' | ' |
Liabilities | 340,000 | 623,000 | ' | ' |
Shareholders' equity | 141,909,000 | 141,574,000 | ' | ' |
Total Liabilities and Shareholders' Equity | $142,249,000 | $142,197,000 | ' | ' |
Condensed_Parent_Company_Only_3
Condensed Parent Company Only Financial Statements - Condensed Statements of Operations (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest income | $10,767,000 | $11,226,000 | $10,852,000 | $10,875,000 | $11,507,000 | $12,120,000 | $11,230,000 | $11,265,000 | $43,720,509 | $46,122,127 | $38,435,192 |
Gain on sale of investment | ' | ' | ' | ' | ' | ' | ' | ' | 428,200 | 221,781 | -170,788 |
Operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income before income tax expense | 2,626,000 | 3,727,000 | 1,864,000 | 2,813,000 | 3,441,000 | 4,558,000 | 2,665,000 | 3,131,000 | 11,030,060 | 13,794,801 | 7,755,192 |
Income tax expense | 919,000 | 1,244,000 | 621,000 | 952,000 | 1,116,000 | 1,506,000 | 912,000 | 1,071,000 | 3,736,138 | 4,604,930 | 2,635,411 |
Net Income | 1,707,000 | 2,483,000 | 1,243,000 | 1,861,000 | 2,325,000 | 3,052,000 | 1,753,000 | 2,060,000 | 7,293,922 | 9,189,871 | 5,119,781 |
Parent Company [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 44,000 | 160,000 | 397,000 |
Gain on sale of investment | ' | ' | ' | ' | ' | ' | ' | ' | 241,000 | 163,000 | ' |
Dividend from subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18,000,000 |
Total operating income | ' | ' | ' | ' | ' | ' | ' | ' | 285,000 | 323,000 | 18,397,000 |
Operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other expenses | ' | ' | ' | ' | ' | ' | ' | ' | 155,000 | 163,000 | 203,000 |
Total operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 155,000 | 163,000 | 203,000 |
Income before income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | 130,000 | 160,000 | 18,194,000 |
Income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | 52,000 | 63,000 | 76,000 |
Income before equity in undistributed earnings of subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | 78,000 | 97,000 | 18,118,000 |
Increase (decrease) in equity in undistributed earnings of subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | 7,216,000 | 9,093,000 | -12,998,000 |
Net Income | ' | ' | ' | ' | ' | ' | ' | ' | $7,294,000 | $9,190,000 | $5,120,000 |
Condensed_Parent_Company_Only_4
Condensed Parent Company Only Financial Statements - Condensed Statements of Cash Flows (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Cash Flows from Operating Activities | ' | ' | ' |
Net income | $7,293,922 | $9,189,871 | $5,119,781 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Net amortization of premium/discount on investments | 1,085,587 | 1,167,661 | 834,634 |
Gain on sale of investment securities | -428,200 | -221,781 | 170,788 |
Non-cash compensation | 2,126,817 | 2,076,739 | 1,916,141 |
(Decrease) increase in accrued expenses and other liabilities | 403,640 | -1,430,418 | 130,561 |
Net cash provided by operating activities | 21,275,396 | 11,341,231 | 17,521,082 |
Cash Flows from Investing Activities | ' | ' | ' |
Proceeds from prepayment on available for sale securities | 29,285,461 | 32,380,480 | 60,196,560 |
Proceeds from sale of available for sale securities | 7,704,863 | 15,264,114 | 4,570,239 |
Net cash paid in acquisitions | ' | ' | -17,154,724 |
Net cash provided (used in) by investing activities | -42,873,300 | 7,840,498 | -48,156,567 |
Cash Flows from Financing Activities | ' | ' | ' |
Proceeds from exercise of stock options | 91,105 | 206,526 | 75,110 |
Purchase of treasury stock | -6,291,444 | -5,827,639 | -5,466,590 |
Net cash provided by (used in) financing activities | 14,697,438 | -11,411,801 | 25,434,285 |
Net Increase (Decrease) in Cash and Cash Equivalents | -6,900,466 | 7,769,928 | -5,201,200 |
Cash and cash equivalents at beginning of year | 39,539,366 | 31,769,438 | 36,970,638 |
Cash and cash equivalents at end of year | 32,638,900 | 39,539,366 | 31,769,438 |
Parent Company [Member] | ' | ' | ' |
Cash Flows from Operating Activities | ' | ' | ' |
Net income | 7,294,000 | 9,190,000 | 5,120,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Net amortization of premium/discount on investments | -3,000 | -6,000 | -20,000 |
Gain on sale of investment securities | -241,000 | -163,000 | ' |
Non-cash compensation | 652,000 | 612,000 | 520,000 |
(Increase) Decrease in accrued interest and other assets | -21,000 | -558,000 | 669,000 |
Decrease in equity in net income of subsidiary | -7,216,000 | -9,093,000 | -5,002,000 |
Dividend from subsidiary | ' | ' | 18,000,000 |
(Decrease) increase in accrued expenses and other liabilities | -189,000 | 788,000 | -456,000 |
Net cash provided by operating activities | 276,000 | 770,000 | 18,831,000 |
Cash Flows from Investing Activities | ' | ' | ' |
Proceeds from prepayment on available for sale securities | 312,000 | 2,437,000 | 6,332,000 |
Proceeds from sale of available for sale securities | 3,837,000 | 2,527,000 | ' |
Net cash paid in acquisitions | ' | ' | -26,417,000 |
Net cash provided (used in) by investing activities | 4,149,000 | 4,964,000 | -20,085,000 |
Cash Flows from Financing Activities | ' | ' | ' |
Proceeds from exercise of stock options | 91,000 | 207,000 | 75,000 |
Purchase of treasury stock | -6,291,000 | -5,828,000 | -5,467,000 |
Net cash provided by (used in) financing activities | -6,200,000 | -5,621,000 | -5,392,000 |
Net Increase (Decrease) in Cash and Cash Equivalents | -1,775,000 | 113,000 | -6,646,000 |
Cash and cash equivalents at beginning of year | 2,088,000 | 1,975,000 | 8,621,000 |
Cash and cash equivalents at end of year | $313,000 | $2,088,000 | $1,975,000 |
Consolidated_Quarterly_Results2
Consolidated Quarterly Results of Operations (unaudited) - Summary of Consolidated Quarterly Results of Operations (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Quarterly Financial Data [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total interest income | $10,767,000 | $11,226,000 | $10,852,000 | $10,875,000 | $11,507,000 | $12,120,000 | $11,230,000 | $11,265,000 | $43,720,509 | $46,122,127 | $38,435,192 |
Total interest expense | 733,000 | 823,000 | 922,000 | 1,025,000 | 1,135,000 | 1,204,000 | 1,262,000 | 1,313,000 | 3,502,908 | 4,913,869 | 5,217,170 |
Net interest income | 10,034,000 | 10,403,000 | 9,930,000 | 9,850,000 | 10,372,000 | 10,916,000 | 9,968,000 | 9,952,000 | 40,217,601 | 41,208,258 | 33,218,022 |
Provision for loan losses | 431,000 | 453,000 | 2,248,000 | 520,000 | 483,000 | 56,000 | 1,160,000 | 712,000 | 3,652,694 | 2,411,214 | 1,460,427 |
Net interest income after provision for loan losses | 9,603,000 | 9,950,000 | 7,682,000 | 9,330,000 | 9,889,000 | 10,860,000 | 8,808,000 | 9,240,000 | 36,564,907 | 38,797,044 | 31,757,595 |
Noninterest income | 1,797,000 | 1,780,000 | 2,276,000 | 1,816,000 | 1,868,000 | 2,160,000 | 1,970,000 | 1,763,000 | 7,669,849 | 7,760,815 | 6,999,972 |
Noninterest expense | 8,774,000 | 8,003,000 | 8,094,000 | 8,333,000 | 8,316,000 | 8,462,000 | 8,113,000 | 7,872,000 | 33,204,696 | 32,763,058 | 31,002,375 |
Income before income taxes | 2,626,000 | 3,727,000 | 1,864,000 | 2,813,000 | 3,441,000 | 4,558,000 | 2,665,000 | 3,131,000 | 11,030,060 | 13,794,801 | 7,755,192 |
Income tax expense | 919,000 | 1,244,000 | 621,000 | 952,000 | 1,116,000 | 1,506,000 | 912,000 | 1,071,000 | 3,736,138 | 4,604,930 | 2,635,411 |
Net income | $1,707,000 | $2,483,000 | $1,243,000 | $1,861,000 | $2,325,000 | $3,052,000 | $1,753,000 | $2,060,000 | $7,293,922 | $9,189,871 | $5,119,781 |
Earnings per share - basic | $0.26 | $0.38 | $0.19 | $0.28 | $0.34 | $0.44 | $0.25 | $0.30 | $1.11 | $1.33 | $0.72 |
Earnings per share - diluted | $0.25 | $0.37 | $0.18 | $0.26 | $0.33 | $0.42 | $0.24 | $0.29 | $1.06 | $1.28 | $0.71 |
Subsequent_Events_Additional_I
Subsequent Events - Additional Information (Detail) (Subsequent Event [Member], USD $) | 0 Months Ended |
Feb. 14, 2014 | |
Subsequent Event [Member] | ' |
Subsequent Event [Line Items] | ' |
Merger agreement date | 4-Nov-13 |
Banking offices description | 'Home Bank expanded its market area with three banking offices located in Natchez, Mississippi and two banking offices located in Vicksburg, Mississippi |
Business acquisition assets acquired | $1,200,000,000 |
Business acquisition loan receivable acquired | 870,000,000 |
Business acquisition deposit liability acquired | $960,000,000 |