Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 25, 2014 | Jun. 30, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'Harvard Illinois Bancorp, Inc. | ' | ' |
Document Type | '10-K | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 839,585 | ' |
Entity Public Float | ' | ' | $8,000,000 |
Amendment Flag | 'false | ' | ' |
Entity Central Index Key | '0001471266 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Cash and due from banks | $1,712 | $1,102 |
Interest-bearing demand deposits in banks | 1,260 | 2,743 |
Securities purchased under agreements to resell | 25,117 | 19,014 |
Cash and cash equivalents | 28,089 | 22,859 |
Interest-bearing deposits with other financial institutions | 6,240 | 9,126 |
Available-for-sale securities | 5,545 | 7,879 |
Held-to-maturity securities, at amortized cost (estimated fair value of $839 and $1,314 at December 31, 2013 and 2012) | 833 | 1,263 |
Loans, net of allowance for loan losses of $2,475 and $2,550 at December 31, 2013 and 2012 | 116,858 | 114,976 |
Premises and equipment, net of accumulated depreciation of $4,756 and $5,753 at December 31, 2013 and 2012 | 3,366 | 3,395 |
Federal Home Loan Bank stock, at cost | 870 | 1,404 |
Foreclosed assets held for sale | 331 | 886 |
Accrued interest receivable | 786 | 612 |
Deferred income taxes | 1,897 | 1,859 |
Bank-owned life insurance | 4,472 | 4,357 |
Loan servicing rights | 620 | 412 |
Other | 213 | 339 |
Total assets | 170,120 | 169,367 |
Deposits | ' | ' |
Demand | 6,463 | 6,278 |
Savings, NOW and money market | 51,794 | 51,571 |
Certificates of deposit | 75,493 | 76,136 |
Total deposits | 133,750 | 133,985 |
Federal Home Loan Bank advances | 12,206 | 12,357 |
Advances from borrowers for taxes and insurance | 358 | 382 |
Deferred compensation | 2,433 | 2,338 |
Accrued interest payable | 19 | 29 |
Other | 908 | 659 |
Total liabilities | 149,674 | 149,750 |
Commitments and Contingencies | ' | ' |
Stockholders’ Equity | ' | ' |
Preferred stock, $.01 par value, 1,000,000 shares authorized, no shares issued or outstanding | 0 | 0 |
Common stock, $.01 par value, 30,000,000 shares authorized; issued and outstanding 2013 – 833,851 shares and 2012 – 816,076 shares | 8 | 8 |
Additional paid-in capital | 7,253 | 6,976 |
Unearned ESOP shares, at cost; 2013 – 46,035 shares; 2012 – 50,220 shares | -460 | -502 |
Amount reclassified on ESOP shares | -268 | -163 |
Retained earnings | 13,897 | 13,291 |
Accumulated other comprehensive income, net of tax | 16 | 7 |
Total stockholders’ equity | 20,446 | 19,617 |
Total liabilities and stockholders’ equity | $170,120 | $169,367 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Held-to-maturity securities, estimated fair value (in Dollars) | $839 | $1,314 |
Allowance for loan losses (in Dollars) | 2,475 | 2,550 |
Accumulated Depreciation (in Dollars) | $4,756 | $5,753 |
Preferred stock par value (in Dollars per share) | $0.01 | $0.01 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in Dollars per share) | $0.01 | $0.01 |
Common stock, shares authorized | 30,000,000 | 30,000,000 |
Common stock, shares issued | 833,851 | 816,076 |
Common stock, shares outstanding | 833,851 | 816,076 |
Unearned ESOP shares | 46,035 | 50,220 |
Consolidated_Statements_Of_Inc
Consolidated Statements Of Income (USD $) | 12 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Interest and Dividend Income | ' | ' |
Interest and fees on loans | $6,030 | $6,803 |
Securities | ' | ' |
Taxable | 89 | 152 |
Tax-exempt | 38 | 16 |
Securities purchased under agreements to resell | 204 | 139 |
Other | 80 | 94 |
Total interest and dividend income | 6,441 | 7,204 |
Interest Expense | ' | ' |
Deposits | 1,267 | 1,415 |
Federal Home Loan Bank advances | 250 | 340 |
Total interest expense | 1,517 | 1,755 |
Net Interest Income | 4,924 | 5,449 |
Provision for Loan Losses | 453 | 599 |
Net Interest Income After Provision for Loan Losses | 4,471 | 4,850 |
Noninterest Income | ' | ' |
Customer service fees | 296 | 270 |
Brokerage commission income | 1 | 31 |
Net realized gains on loan sales | 354 | 299 |
Net realized gains on sales of available-for-sale securities | ' | 2 |
Losses on other than temporary impairment of equity securities | ' | -1 |
Loan servicing fees | 207 | 207 |
Bank-owned life insurance income, net | 112 | 121 |
Other | 9 | 12 |
Total noninterest income | 979 | 941 |
Noninterest Expense | ' | ' |
Compensation and benefits | 2,550 | 2,516 |
Occupancy | 503 | 487 |
Data processing | 309 | 348 |
Professional fees | 382 | 387 |
Marketing | 87 | 69 |
Office supplies | 46 | 51 |
Federal deposit insurance | 149 | 148 |
Indirect automobile loan servicing fees | 107 | 112 |
Foreclosed assets, net | 80 | 258 |
Other | 370 | 383 |
Total noninterest expense | 4,583 | 4,759 |
Income Before Income Taxes | 867 | 1,032 |
Provision for Income Taxes | 184 | 144 |
Net Income | $683 | $888 |
Basic Earnings Per Share (in Dollars per share) | $0.87 | $1.20 |
Diluted Earnings Per Share (in Dollars per share) | $0.87 | $1.18 |
Dividends Paid (in Dollars per share) | $0.10 | ' |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Net Income | $683 | $888 |
Other Comprehensive Income (Loss) | ' | ' |
Unrealized appreciation (depreciation) on available-for-sale securities, net of taxes of $5 and $(8) for 2013 and 2012, respectively | 9 | -15 |
Less: reclassification adjustment for realized gains included in net income, net of taxes of $0 for the 2013 and 2012 | ' | 2 |
Less: reclassification adjustment for loss on other-than-temporary impairment of equity securities included in net income, net of taxes of $0 for 2013 and 2012, respectively | ' | -1 |
9 | -16 | |
Comprehensive Income | $692 | $872 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Parentheticals) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Unrealized appreciation (depreciation) on available-for-sale securities, tax | $5 | ($8) |
Reclassification adjustment for realized gains included in net income, taxes | 0 | 0 |
Reclassification adjustment for loss on other-than-temporary impairment of equity securities included in net income, taxes | $0 | $0 |
Consolidated_Statement_of_Stoc
Consolidated Statement of Stockholders' Equity (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Unearned ESOP Shares [Member] | Amount Reclassified on ESOP Shares [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total |
In Thousands | |||||||
Balance at Dec. 31, 2011 | $8 | $6,852 | ($544) | ($80) | $12,403 | $23 | $18,662 |
Net income | ' | ' | ' | ' | 888 | ' | 888 |
Other comprehensive | ' | ' | ' | ' | ' | -16 | -16 |
Stock-based compensation expense | ' | 121 | ' | ' | ' | ' | 121 |
ESOP shares earned | ' | 3 | 42 | ' | ' | ' | 45 |
Reclassification due to change in fair value of common stock in ESOP subject to contingent repurchase obligation | ' | ' | ' | -83 | ' | ' | -83 |
Balance at Dec. 31, 2012 | 8 | 6,976 | -502 | -163 | 13,291 | 7 | 19,617 |
Net income | ' | ' | ' | ' | 683 | ' | 683 |
Other comprehensive | ' | ' | ' | ' | ' | 9 | 9 |
Stock-based compensation expense | ' | 114 | ' | ' | ' | ' | 114 |
ESOP shares earned | ' | 18 | 42 | ' | ' | ' | 60 |
Reclassification due to change in fair value of common stock in ESOP subject to contingent repurchase obligation | ' | ' | ' | -105 | ' | ' | -105 |
Exercise of stock options, 17,775 shares | ' | 145 | ' | ' | ' | ' | 145 |
Dividends on common stock $.10 per share | ' | ' | ' | ' | -77 | ' | -77 |
Balance at Dec. 31, 2013 | $8 | $7,253 | ($460) | ($268) | $13,897 | $16 | $20,446 |
Consolidated_Statement_of_Stoc1
Consolidated Statement of Stockholders' Equity (Parentheticals) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
ESOP shares earned | 4,185 | 4,185 |
Exercise of stock options, shares | 17,775 | ' |
Dividends on common stock, per share (in Dollars per share) | $0.10 | ' |
Common Stock [Member] | ' | ' |
ESOP shares earned | 4,185 | 4,185 |
Exercise of stock options, shares | 17,775 | ' |
Dividends on common stock, per share (in Dollars per share) | $0.10 | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Operating Activities | ' | ' |
Net income | $683 | $888 |
Items not requiring (providing) cash | ' | ' |
Depreciation | 209 | 204 |
Provision for loan losses | 453 | 599 |
Amortization (accretion) of premiums and discounts on securities | 37 | -1 |
Deferred income taxes | -44 | -48 |
Net realized gains losses on loan sales | -354 | -299 |
Net realized gains on sales of available-for-sale securities | ' | -2 |
Losses on other than temporary impairment of equity securities | ' | 1 |
Losses and write down on foreclosed assets held for sale | 57 | 255 |
Bank-owned life insurance income, net | -112 | -121 |
Originations of loans held for sale | -18,098 | -16,698 |
Proceeds from sales of loans held for sale | 18,244 | 16,895 |
ESOP compensation expense | 60 | 45 |
Stock-based compensation expense | 114 | 121 |
Changes in | ' | ' |
Accrued interest receivable | -174 | 79 |
Other assets | 123 | 135 |
Accrued interest payable | -10 | -8 |
Deferred compensation | 95 | 96 |
Other liabilities | 144 | 159 |
Net cash provided by operating activities | 1,427 | 2,300 |
Investing Activities | ' | ' |
Net change in interest-bearing deposits | 2,886 | -2,891 |
Purchases of available-for-sale securities | -1,083 | -8,536 |
Proceeds from the sales of available-for-sale securities | ' | 8 |
Proceeds from maturities and pay-downs of available-for-sale securities | 3,379 | 5,169 |
Proceeds from maturities and pay-downs of held-to-maturity securities | 446 | 478 |
Net change in loans | -2,925 | -252 |
Purchases of premises and equipment | -180 | -74 |
Purchases of FHLB stock | -426 | ' |
Proceeds from redemption of Federal Home Loan | ' | ' |
Bank stock | 960 | 5,145 |
Proceeds from sale of foreclosed assets | 1,088 | 420 |
Net cash provided by (used in) investing activities | 4,145 | -533 |
Financing Activities | ' | ' |
Net increase in demand deposits, money market, NOW and savings accounts | 408 | 3,620 |
Net decrease in certificates of deposit including brokered certificates | -643 | -4,704 |
Net decrease in advances from borrowers for taxes and insurance | -24 | -6 |
Proceeds from Federal Home Loan Bank advances | 43,750 | 5,500 |
Repayments of Federal Home Loan Bank advances | -43,901 | -5,545 |
Dividends paid | -77 | ' |
Stock options exercised | 145 | ' |
Net cash used in financing activities | -342 | -1,135 |
Net Increase in Cash and Cash Equivalents | 5,230 | 632 |
Cash and Cash Equivalents, Beginning of Year | 22,859 | 22,227 |
Cash and Cash Equivalents, End of Year | 28,089 | 22,859 |
Supplemental Cash Flows Information | ' | ' |
Interest paid | 1,527 | 1,763 |
Income taxes paid | 228 | 157 |
Foreclosed assets acquired in settlement of loans | $567 | $371 |
Consolidated_Statements_of_Cas1
Consolidated Statements of Cash Flows (Parentheticals) (USD $) | 12 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Shares purchased by ESOP (in Shares) | 4,185 | 4,185 |
Payments on Loan from ESOP | $36 | $35 |
April 2010 [Member] | ' | ' |
Loan to ESOP at Initial Public Offering | ' | $628 |
Shares purchased by ESOP (in Shares) | ' | 62,775 |
Note_1_Nature_of_Operations_an
Note 1 - Nature of Operations and Summary of Significant Accounting Policies | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Disclosure Text Block [Abstract] | ' | |||
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' | |||
Note 1: Nature of Operations and Summary of Significant Accounting Policies | ||||
Nature of Operations | ||||
Harvard Illinois Bancorp, Inc. (Company) owns 100% of the outstanding shares of common stock of Harvard Savings Bank (Bank). The Company is primarily engaged in providing a full range of banking and mortgage services to individual and corporate customers in McHenry, Grundy, and to a lesser extent Boone Counties, Illinois and Walworth County in Wisconsin. The Company and Bank are subject to competition from other financial institutions. The Company and Bank also are subject to the regulation of certain federal and state agencies and undergoes periodic examinations by those regulatory authorities. | ||||
Principles of Consolidation | ||||
The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Harvard Savings Bank. All significant intercompany accounts and transactions have been eliminated in consolidation. | ||||
Operating Segment | ||||
The Company provides community banking services, including such products and services as loans, certificates of deposits, savings accounts, mortgage originations and brokerage services. These activities are reported as a single operating segment. | ||||
The Company does not derive revenues from, or have assets located in, foreign countries, nor does it derive revenues from any single customer that represents 10% or more of the Company’s total revenues. | ||||
Use of Estimates | ||||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | ||||
Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, loan servicing rights, valuation of deferred taxes and other-than-temporary impairment (OTTI) and fair values of securities. | ||||
Cash Equivalents | ||||
The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 2013 and 2012, cash equivalents consisted primarily of interest-bearing demand deposits and securities purchased under agreements to resell. | ||||
At December 31, 2013 and 2012, none of the Company’s cash accounts exceeded federally insured limits. | ||||
Interest-bearing Deposits With Other Financial Institutions | ||||
Interest-bearing deposits with other financial institutions have original maturities of more than three months to five years and are carried at cost. | ||||
Securities | ||||
Certain debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and recorded at amortized cost. Securities not classified as held to maturity are classified as “available for sale” and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income. Purchase premiums and discounts are recognized in interest income using a method that approximates the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. | ||||
For debt securities with fair value below amortized cost when the Company does not intend to sell a debt security, and it is more likely than not, the Company will not have to sell the security before recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. For held-to-maturity debt securities, the amount of an other-than-temporary impairment recorded in other comprehensive income for the noncredit portion of a previous other-than-temporary impairment is amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security. | ||||
For equity securities, when the Company has decided to sell an impaired available-for-sale security and the entity does not expect the fair value of the security to fully recover before the expected time of sale, the security is deemed other-than-temporarily impaired in the period in which the decision to sell is made. The Company recognizes an impairment loss when the impairment is deemed other than temporary even if a decision to sell has not been made. | ||||
Loans Held for Sale | ||||
Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to noninterest income. Gains and losses on loan sales are recorded in noninterest income. | ||||
Loans | ||||
Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoffs are reported at their outstanding principal balances adjusted for unearned income, charge-offs, the allowance for loan losses, and any unamortized deferred fees or costs on originated loans. | ||||
For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. | ||||
The accrual of interest on loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. | ||||
All interest accrued but not collected for loans that are placed on nonaccrual or charged off are reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. | ||||
Allowance for Loan Losses | ||||
The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. | ||||
The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. | ||||
The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers nonclassified loans and is based on historical charge-off experience and expected loss given default derived from the Company’s internal risk rating process. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. | ||||
A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. | ||||
Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Accordingly, the Company does not separately identify individual consumer loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. | ||||
Premises and Equipment | ||||
Depreciable assets are stated at cost less accumulated depreciation. Depreciation is charged to expense using the straight-line method over the estimated useful lives of the assets. | ||||
The estimated useful lives for each major depreciable classification of premises and equipment are as follows: | ||||
Buildings and improvements (years) | 5 | - | 50 | |
Equipment (years) | 3 | - | 10 | |
Federal Home Loan Bank Stock | ||||
Federal Home Loan Bank stock is a required investment for institutions that are members of the Federal Home Loan Bank system. The required investment in the common stock is based on a predetermined formula. | ||||
Foreclosed Assets Held for Sale | ||||
Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less cost to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in net income or expense from foreclosed assets. | ||||
Bank-owned Life Insurance | ||||
Bank-owned life insurance policies are reflected on the consolidated balance sheets at the estimated cash surrender value. Changes in the cash surrender value are reflected in noninterest income in the consolidated statements of income. | ||||
Fee Income | ||||
Loan origination fees, net of direct origination costs, are recognized as income using the level-yield method over the term of the loans. Brokerage commissions represent fees earned on brokerage activities and are recognized when earned. | ||||
Loan Servicing Rights | ||||
Loan servicing assets are recognized separately when rights are acquired through purchase or through sale of financial assets. Under the servicing assets and liabilities accounting guidance (ASC 860-50), servicing rights resulting from the sale or securitization of loans originated by the Company are initially measured at fair value at the date of transfer. The Company subsequently measures each class of servicing asset using either the fair value or the amortization method. The Company has elected to initially and subsequently measure the loan servicing rights for consumer and agricultural loans using the fair value method. Under the fair value method, the servicing rights are carried in the balance sheet at fair value and the changes in fair value are reported in earnings in the period in which the changes occur. | ||||
Fair value is based on market prices for comparable loan servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. These variables change from quarter to quarter as market conditions and projected interest rates change, and may have an adverse impact on the value of the loan servicing right and may result in a reduction to noninterest income. | ||||
Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when received in loan servicing fees in non-interest income. | ||||
Stock Options | ||||
At December 31, 2013, the Company has a stock-based employee compensation plan, which is described more fully in Note 16. | ||||
Transfers of Financial Assets | ||||
Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company—put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) 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 (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. | ||||
Income Taxes | ||||
The Company accounts for income taxes in accordance with income tax accounting guidance (ASC 740, Income Taxes). The income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. | ||||
Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. | ||||
Tax positions are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. With a few exceptions, the Company is no longer subject to U.S. federal, state and local or non-U.S. income tax examinations by tax authorities for years before 2010. | ||||
The Company recognizes interest and penalties on income taxes as a component of income tax expense. | ||||
The Company files consolidated income tax returns with its subsidiary. | ||||
Earnings Per Share | ||||
Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during each year. Diluted earnings per share reflects additional potential 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. Potential common shares that may be issued by the Company relate solely to outstanding stock options and restricted stock awards and are determined using the treasury stock method. | ||||
Comprehensive Income | ||||
Comprehensive income consists of net income and other comprehensive income, net of applicable income taxes. Other comprehensive income includes unrealized appreciation (depreciation) on available-for-sale securities. | ||||
Transfers Between Fair Value Hierarchy Levels | ||||
Transfers in and out of Level 1 (quoted market prices), Level 2 (other significant observable inputs) and Level 3 (significant unobservable inputs) are recognized on the period ending date. | ||||
Recent and Future Accounting Requirements | ||||
In July 2013, the FASB issued guidance within ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The amendments in ASU 2013-11 to Topic 740, Income Taxes, provide guidance on the financial statement presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of this guidance is not expected to have a material impact on the Company’s Consolidated Financial Statements. | ||||
In January 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-04, Troubled Debt Restructurings by Creditors (Subtopic 310-40: Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure, which affects all creditors who obtain physical possession (resulting from an in substance repossession or foreclosure) of residential real estate property collateralizing a consumer mortgage loan in satisfaction of a receivable. The ASU is effective for annual periods beginning after December 15, 2014, and interim periods within annual periods beginning after December 15, 2015 which the entity’s annual or interim financial statements have not been made available for issuance. The adoption of this guidance is not expected to have a material impact on the Company’s Consolidated Financial Statements. |
Note_2_Securities
Note 2 - Securities | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investment Holdings [Abstract] | ' | ||||||||||||||||||||||||
Investment Holdings [Text Block] | ' | ||||||||||||||||||||||||
Note 2: Securities | |||||||||||||||||||||||||
The amortized cost and approximate fair values, together with gross unrealized gains and losses, of securities are as follows: | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Available-for-sale Securities: | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
U.S. Government and federal agency | $ | 990 | $ | — | $ | (8 | ) | $ | 982 | ||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||
Government-sponsored enterprises (GSE) – residential | 614 | 12 | — | 626 | |||||||||||||||||||||
State and political subdivisions | 3,461 | 7 | (39 | ) | 3,429 | ||||||||||||||||||||
Equity securities | 455 | 53 | — | 508 | |||||||||||||||||||||
$ | 5,520 | $ | 72 | $ | (47 | ) | $ | 5,545 | |||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Available-for-sale Securities: | |||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
U.S. Government and federal agency | $ | 3,194 | $ | 5 | $ | (14 | ) | $ | 3,185 | ||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||
Government-sponsored enterprises (GSE) – residential | 758 | 21 | — | 779 | |||||||||||||||||||||
State and political subdivisions | 3,467 | 5 | (23 | ) | 3,449 | ||||||||||||||||||||
Equity securities | 450 | 16 | — | 466 | |||||||||||||||||||||
$ | 7,869 | $ | 47 | $ | (37 | ) | $ | 7,879 | |||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Held-to-maturity Securities: | |||||||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
U.S. Government agencies | $ | 500 | $ | 2 | $ | — | $ | 502 | |||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||
Government-sponsored enterprises (GSE) – residential | 13 | 1 | — | 14 | |||||||||||||||||||||
Private-label residential | 320 | 3 | — | 323 | |||||||||||||||||||||
$ | 833 | $ | 6 | $ | — | $ | 839 | ||||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Held-to-maturity Securities: | |||||||||||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||
U.S. Government agencies | $ | 500 | $ | 21 | $ | — | $ | 521 | |||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||
Government-sponsored enterprises (GSE) – residential | 17 | 1 | — | 18 | |||||||||||||||||||||
Private-label residential | 746 | 29 | — | 775 | |||||||||||||||||||||
$ | 1,263 | $ | 51 | $ | — | $ | 1,314 | ||||||||||||||||||
With the exception of obligations of U.S. Treasury and other U.S. government agencies and corporations, the Company held no securities at December 31, 2013 with a book value that exceeded 10% of total equity. | |||||||||||||||||||||||||
Available for sale equity securities consist of shares in the Shay Asset Management mutual funds, shares of FHLMC and FNMA common stock, and shares in other financial institutions. | |||||||||||||||||||||||||
The Company recorded no other-than-temporary impairment on the FNMA and FHLMC common stock included in equity securities in 2013 and 2012, respectively. As of December 31, 2013 and 2012, the Company held investments in FNMA and FHLMC common stock with an amortized cost of $2. The Company realized gains on sales of FNMA and FHLMC common stock of $2 on sales proceeds of $8 for 2012. There were no sales in 2013. The investments in FNMA and FHLMC common stock are valued using available market prices. Management performed an analysis and deemed the remaining investment in FNMA and FHLMC common stock was not other than temporarily impaired as of December 31, 2013. | |||||||||||||||||||||||||
The Company recorded no other than temporary impairment on the Shay Asset Management mutual funds included in equity securities for 2013 and 2012, respectively. As of December 31, 2013 and 2012, the Company held investments in the mutual funds with an amortized cost of $443 and $438, respectively. The investments in mutual funds are valued using available market prices. Management performed an analysis and deemed the remaining investment in the mutual funds was not other than temporarily impaired as of December 31, 2013. | |||||||||||||||||||||||||
The Company recorded an other-than-temporary impairment on other equity securities of $0 and $1 for 2013 and 2012, respectively. As of December 31, 2013 and 2012, the Company held investments in other equity securities with an amortized cost of $10. | |||||||||||||||||||||||||
Other-than-temporary impairment recorded for 2013 and 2012 totaled $0 and $1, respectively as previously described. | |||||||||||||||||||||||||
The amortized cost and fair value of available-for-sale securities and held-to-maturity securities at December 31, 2013, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. | |||||||||||||||||||||||||
Available-for-sale | Held-to-maturity | ||||||||||||||||||||||||
Amortized | Fair | Amortized | Fair | ||||||||||||||||||||||
Cost | Value | Cost | Value | ||||||||||||||||||||||
Within one year | $ | 646 | $ | 646 | $ | 500 | $ | 502 | |||||||||||||||||
One to five years | 2,957 | 2,941 | — | — | |||||||||||||||||||||
Five to ten years | 848 | 824 | — | — | |||||||||||||||||||||
After ten years | — | — | — | — | |||||||||||||||||||||
4,451 | 4,411 | 500 | 502 | ||||||||||||||||||||||
Mortgage-backed securities | 614 | 626 | 333 | 337 | |||||||||||||||||||||
Equity securities | 455 | 508 | — | — | |||||||||||||||||||||
Totals | $ | 5,520 | $ | 5,545 | $ | 833 | $ | 839 | |||||||||||||||||
Gross gains of $2 resulting from sales of available-for-sale securities were realized for 2012. There were no tax benefits applicable to these gains. There were no sales of securities in 2013. | |||||||||||||||||||||||||
The carrying value of securities pledged as collateral, to secure public deposits and for other purposes, was $1,120 at December 31, 2013 and $934 at December 31, 2012. | |||||||||||||||||||||||||
Certain investments in debt and marketable equity securities are reported in the financial statements at an amount less than their historical cost. Total fair value of these investments at December 31, 2013 and 2012, was $2,292 and $2,846, respectively, which is approximately 36% and 31% of the Company’s available-for-sale and held-to-maturity investment portfolio. These declines primarily resulted from recent increases in market interest rates. Management believes the declines in fair value for these securities are temporary. | |||||||||||||||||||||||||
The following table shows the Company’s investments’ gross unrealized losses and fair value of the Company’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2013 and 2012: | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Description of | Fair Value | Unrealized | Fair Value | Unrealized | Fair Value | Unrealized | |||||||||||||||||||
Securities | Losses | Losses | Losses | ||||||||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
U.S. government and federal agency | $ | 500 | $ | (1 | ) | $ | 482 | $ | (7 | ) | $ | 982 | $ | (8 | ) | ||||||||||
State and political subdivisions | 555 | (13 | ) | 755 | (26 | ) | 1,310 | (39 | ) | ||||||||||||||||
Total temporarily impaired securities | $ | 1,055 | $ | (14 | ) | $ | 1,237 | $ | (33 | ) | $ | 2,292 | $ | (47 | ) | ||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Description of | Fair Value | Unrealized | Fair Value | Unrealized | Fair Value | Unrealized | |||||||||||||||||||
Securities | Losses | Losses | Losses | ||||||||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
U.S. government and federal agency | $ | 472 | $ | (14 | ) | $ | — | $ | — | $ | 472 | $ | (14 | ) | |||||||||||
State and political subdivisions | 2,374 | (23 | ) | — | — | 2,374 | (23 | ) | |||||||||||||||||
Total temporarily impaired securities | $ | 2,846 | $ | (37 | ) | $ | — | $ | — | $ | 2,846 | $ | (37 | ) | |||||||||||
Note_3_Securities_Purchased_Un
Note 3 - Securities Purchased Under Agreements to Resell | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block] | ' | ||||||||
Note 3: Securities Purchased Under Agreements to Resell | |||||||||
The Company enters into purchases of securities under agreements to resell. The amounts advanced under these agreements were $25,117 and $19,014 at December 31, 2013 and 2012, respectively, and represent short-term cash investment alternatives. These agreements are over-collateralized by 103% with collateral consisting of securities and loans guaranteed by the “full faith and credit” of the United States government. During the period, the collateral was delivered by appropriate entry into the third-party custodian’s account designated by the Company under a written custodial agreement that explicitly recognizes the Company’s interest in the securities. At December 31, 2013 and 2012, these agreements mature by notice by the Company or 30 days by the custodian. | |||||||||
The Company’s policy requires that all securities purchased under agreements to resell be fully collateralized. | |||||||||
At December 31, 2013 and 2012, agreements to resell securities purchased were outstanding with the following entities: | |||||||||
2013 | 2012 | ||||||||
ESI Investors III, LLC | $ | 1,500 | $ | — | |||||
BCM High Income Fund, LP | 6,040 | 8,053 | |||||||
HEC Opportunity Fund LLC | 500 | 453 | |||||||
Coastal Securities | 2,266 | 10,508 | |||||||
First Farmers Financial, LLC | 14,811 | — | |||||||
Total | $ | 25,117 | $ | 19,014 | |||||
Note_4_Loans_and_Allowance_for
Note 4 - Loans and Allowance for Loan Losses | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||
Note 4: Loans and Allowance for Loan Losses | |||||||||||||||||||||||||||||
Classes of loans include: | |||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Mortgage loans on real estate | |||||||||||||||||||||||||||||
One-to-four family | $ | 39,489 | $ | 41,842 | |||||||||||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 7,749 | 9,431 | |||||||||||||||||||||||||||
Multi-family residential | 117 | 51 | |||||||||||||||||||||||||||
Commercial | 19,244 | 19,989 | |||||||||||||||||||||||||||
Farmland | 13,900 | 11,765 | |||||||||||||||||||||||||||
Construction and land development | 354 | 1,837 | |||||||||||||||||||||||||||
Total mortgage loans on real estate | 80,853 | 84,915 | |||||||||||||||||||||||||||
Commercial and industrial | 6,424 | 5,407 | |||||||||||||||||||||||||||
Agricultural | 24,343 | 20,096 | |||||||||||||||||||||||||||
Purchased indirect automobile, net of dealer reserve | 7,616 | 6,987 | |||||||||||||||||||||||||||
Other consumer | 115 | 117 | |||||||||||||||||||||||||||
119,351 | 117,522 | ||||||||||||||||||||||||||||
Less | |||||||||||||||||||||||||||||
Loans in process | 26 | — | |||||||||||||||||||||||||||
Net deferred loan fees and costs | (8 | ) | (4 | ) | |||||||||||||||||||||||||
Allowance for loan losses | 2,475 | 2,550 | |||||||||||||||||||||||||||
Net loans | $ | 116,858 | $ | 114,976 | |||||||||||||||||||||||||
The Company believes that sound loans are a necessary and desirable means of employing funds available for investment. Recognizing the Company’s obligations to its depositors and to the communities it serves, authorized personnel are expected to seek to develop and make sound, profitable loans that resources permit and that opportunity affords. The Company maintains lending policies and procedures in place designed to focus our lending efforts on the types, locations, and duration of loans most appropriate for our business model and markets. The Company’s principal lending activity is the origination of one-to four-family residential mortgage loans but also includes, commercial real estate loans, commercial and industrial, home equity, construction, agricultural and other loans. The primary lending market is McHenry, Grundy and to a lesser extent Boone Counties in Illinois and Walworth County in Wisconsin. Generally, loans are collateralized by assets, primarily real estate, of the borrowers and guaranteed by individuals. The loans are expected to be repaid from cash flows of the borrowers or from proceeds from the sale of selected assets of the borrowers. | |||||||||||||||||||||||||||||
Pursuant to applicable law, the aggregate amount of loans that the Company is permitted to make to any one borrower or a group of related borrowers is generally limited to 25% of our total capital plus the allowance for loan losses. | |||||||||||||||||||||||||||||
Our lending is subject to written underwriting standards and origination procedures. Decisions on loan applications are made on the basis of detailed applications submitted by the prospective borrower and property valuations (consistent with our appraisal policy) prepared by outside independent licensed appraisers approved by our board of directors as well as internal evaluations, where permitted by regulations. The loan applications are designed primarily to determine the borrower’s ability to repay the requested loan, and the more significant items on the application are verified through use of credit reports, financial statements and tax returns. | |||||||||||||||||||||||||||||
Under our loan policy, the individual processing an application is responsible for ensuring that all documentation is obtained prior to the submission of the application to an officer for approval. An officer then reviews these materials and verifies that the requested loan meets our underwriting guidelines described below. | |||||||||||||||||||||||||||||
All one-to-four family residential loans up to $500,000, vacant land loans up to $250,000, and any consumer loans require approval of a quorum of our loan committee consisting of five officers. All such loan approvals are reported at the next board meeting following said approval. All secured commercial loans, including agricultural loans, up to $1,500,000 and unsecured loans up to $250,000 must be approved by our commercial credit management committee, which currently consists of our Chief Executive Officer, Executive Vice President, Secretary-Treasurer, and our Vice President – Commercial Loan Officer. These approvals are reported at the next board meeting following said approval. All other loans must be approved by the board. | |||||||||||||||||||||||||||||
Generally, title insurance or title searches on our mortgage loans are required as well as fire and extended coverage casualty insurance in amounts at least equal to the principal amount of the loan or the value of improvements on the property, depending on the type of loan. | |||||||||||||||||||||||||||||
One-to-Four Family Residential Mortgage Loans | |||||||||||||||||||||||||||||
The cornerstone of our lending program has long been the origination of long-term permanent loans secured by mortgages on owner-occupied one-to-four family residences. Virtually all of the residential loans originated are secured by properties located in our market area. | |||||||||||||||||||||||||||||
Due to consumer demand in the current low market interest rate environment, many of our recent originations are 10- to 30-year fixed-rate loans secured by one-to-four family residential real estate. The Company generally originates fixed-rate one-to-four family residential loans in accordance with secondary market standards to permit their sale. During the last several years, consistent with our asset-liability management strategy, most of the fixed rate one-to-four family residential loans we originated with original terms to maturity in excess of ten years were sold in the secondary market. | |||||||||||||||||||||||||||||
During recent years, as a part of our asset/liability management policy, seven-year balloon loans with up to 30-year amortization schedules secured by one-to-four family real estate have been originated, to a lesser extent. | |||||||||||||||||||||||||||||
In order to reduce the term to repricing of the loan portfolio, adjustable-rate one-to-four family residential mortgage loans were originated. However, our ability to originate such loans is limited in the current low interest rate environment due to low consumer demand. Our current adjustable-rate mortgage loans carry interest rates that adjust annually at a margin over the one year U.S. Treasury index. Many of our adjustable-rate one-to-four family residential mortgage loans have fixed rates for initial terms of three to five years. Such loans carry terms to maturity of up to 30 years. The adjustable-rate mortgage loans currently offered by the Company generally provide for a 200 basis point annual interest rate change cap and a lifetime cap of 600 basis points over the initial rate. | |||||||||||||||||||||||||||||
Although adjustable-rate mortgage loans may reduce to an extent our vulnerability to changes in market interest rates because they periodically reprice as interest rates increase, the required payments due from the borrower also increase (subject to rate caps), increasing the potential for default by the borrower. At the same time, the marketability of the underlying collateral may be adversely affected by higher interest rates. Upward adjustments of the contractual interest rate are also limited by the maximum periodic and lifetime rate adjustments permitted by our loan documents. Moreover, the interest rates on many of our adjustable-rate loans do not adjust for the first three to five years. As a result, the effectiveness of adjustable-rate mortgage loans may be limited during periods of rapidly rising interest rates. | |||||||||||||||||||||||||||||
The Company evaluates both the borrower’s ability to make principal, interest and escrow payments and the value of the property that will secure the loan. One-to-four family residential mortgage loans do not currently include prepayment penalties, are non-assumable and do not produce negative amortization. One-to-four family residential mortgage loans customarily include due-on-sale clauses giving the Company the right to declare the loan immediately due and payable in the event that, among other things, the borrower sells the property subject to the mortgage. Residential mortgage loans are originated for our portfolio with loan-to-value ratios of up to 75% for one-to-four family homes, with higher limits applicable to loans with private mortgage insurance on owner-occupied residences. | |||||||||||||||||||||||||||||
Commercial Real Estate Loans | |||||||||||||||||||||||||||||
In an effort to enhance the yield and reduce the term to maturity of the loan portfolio, the Company has originated or purchased commercial real estate loans. Most of the commercial real estate loans have balloon loan terms of three to five years with amortization terms of 15 to 25 years and fixed interest rates. The maximum loan-to-value ratio of the commercial real estate loans is generally 75%. | |||||||||||||||||||||||||||||
The Company considers a number of factors in originating commercial real estate loans. The qualifications and financial condition of the borrower are evaluated, including credit history, profitability and expertise, as well as the value and condition of the property securing the loan. When evaluating the qualifications of the borrower, the financial resources of the borrower, the borrower’s experience in owning or managing similar property and the borrower’s payment history with the Company and other financial institutions are considered. In evaluating the property securing the loan, the factors considered include the net operating income of the mortgaged property before debt service and depreciation, the ratio of the loan amount to the appraised value of the mortgaged property and the debt service coverage ratio (the ratio of net operating income to debt service). All commercial real estate loans are appraised by outside independent appraisers approved by the board of directors or by internal evaluations, where permitted by regulation. Personal guarantees are generally obtained from the principals of commercial real estate loans. | |||||||||||||||||||||||||||||
Loans secured by commercial real estate generally are larger than one-to-four family residential loans and involve greater credit risk. Commercial real estate loans often involve large loan balances to single borrowers or groups of related borrowers. Repayment of these loans depends to a large degree on the results of operations and management of the properties securing the loans or the businesses conducted on such property, and may be affected to a greater extent by adverse conditions in the real estate market or the economy in general. Accordingly, the nature of these loans makes them more difficult for management to monitor and evaluate. | |||||||||||||||||||||||||||||
Multi Family Real Estate Loans | |||||||||||||||||||||||||||||
The Company has a limited number of loans on multi-family residences in our market area. Such loans have terms and are underwritten similarly to our commercial real estate loans and are subject to similar risks. | |||||||||||||||||||||||||||||
Home Equity Loans | |||||||||||||||||||||||||||||
The Company originates variable-rate home equity lines-of-credit and, to a lesser extent, fixed- and variable-rate loans secured by liens on the borrower’s primary residence. Home equity products are generally limited to 75% of the property value less any other mortgages. Prior to 2009, home equity loans were originated up to 90% of the property value to our customers where we serviced their first lien mortgage loan. The same underwriting standards are used for home equity lines-of-credit and loans as used for one-to-four family residential mortgage loans. The home equity line-of-credit product carries an interest rate tied to the prime rate published in the Wall Street Journal. The product has a rate ceiling of 18%. Home equity loans with fixed-rate terms typically amortize over a period of up to 20 years. Home equity lines-of-credit provide for an initial draw period of up to five years, with monthly payments of interest calculated on the outstanding balance. At the end of the initial five years, the line may be paid in full or restructured at our then current home equity program. | |||||||||||||||||||||||||||||
Construction and Land Development Loans | |||||||||||||||||||||||||||||
The Company has construction loans to builders and developers for the construction of one- to four- and multi-family residential units and to individuals for the construction of their primary or secondary residence. The Company has a limited amount of land loans to developers, primarily for the purpose of developing residential subdivisions. | |||||||||||||||||||||||||||||
The application process includes a submission of plans, specifications and costs of the project to be constructed or developed. These items are used as a basis to determine the appraised value of the subject property. Loans are based on the lesser of current appraised value and/or the cost of construction (land plus building). Construction loan agreements generally provide that loan proceeds are disbursed in increments as construction progresses. Outside independent licensed appraisers or title company representatives under a construction loan escrow agreement inspect the progress of the construction of the dwelling before disbursements are made. | |||||||||||||||||||||||||||||
The Company has construction loans for commercial development projects such as multi-family, apartment and other commercial buildings. These loans generally have an interest-only phase during construction then convert to permanent financing. Disbursements of construction loan funds are at our discretion based on the progress of construction. The maximum loan-to-value ratio limit applicable to these loans is generally 75%. | |||||||||||||||||||||||||||||
The Company has loans to builders and developers for the development of one-to-four family lots in our market area. These loans have terms of five years or less. Land loans are generally made in amounts up to a maximum loan-to-value ratio of 65% on raw land and up to 75% on developed building lots based upon an independent appraisal. Personal guarantees are obtained for land loans. | |||||||||||||||||||||||||||||
Loans to individuals for the construction of their residences typically run for up to seven months and then convert to permanent loans. These construction loans have rates and terms comparable to one-to-four family residential loans offered. During the construction phase, the borrower pays interest only at a fixed rate. The maximum loan-to-value ratio of owner-occupied single-family construction loans is 75%, 80% if the permanent loan has been approved to be sold in the secondary market. Residential construction loans are generally underwritten pursuant to the same guidelines used for originating permanent residential loans. | |||||||||||||||||||||||||||||
Construction and land lending generally affords the Company an opportunity to receive higher origination and other loan fees. In addition, such loans are generally made for relatively short terms. Nevertheless, construction and land lending to persons other than owner-occupants is generally considered to involve a higher level of credit risk than one-to-four family residential lending due to the concentration of principal in a limited number of loans and borrowers and the effects of general economic conditions on construction projects, real estate developers and managers. In addition, the nature of these loans is such that they are more difficult to evaluate and monitor. Risk of loss on a construction or land loan is dependent largely upon the accuracy of the initial estimate of the property’s value upon completion of the project and the estimated cost (including interest) of the project. If the estimate of value proves to be inaccurate, the Company may be confronted, at or prior to the maturity of the loan, with a project with a value which is insufficient to assure full repayment and/or the possibility of having to make substantial investments to complete and sell the project. Because defaults in repayment may not occur during the construction period, it may be difficult to identify problem loans at an early stage. When loan payments become due, the cash flow from the property may not be adequate to service the debt. In such cases, the Company may be required to modify the terms of the loan. | |||||||||||||||||||||||||||||
Farmland | |||||||||||||||||||||||||||||
These loans are primarily secured by farmland located in our market area. Adjustable rate farmland loans have interest rates that generally adjust every one, three or five years in accordance with a designated index and are generally amortized over 15-25 years. Fixed-rate farmland loans generally are for terms of up to 15 years, although many are amortized over longer periods, and include a balloon payment at maturity. Lending policies on such loans generally limit the maximum loan-to-value ratio to 75% of the lesser of the appraised value or purchase price of the property. | |||||||||||||||||||||||||||||
While earning higher yields on agricultural mortgage loans than on single-family residential mortgage loans, agricultural-related lending involves a greater degree of risk than single-family residential mortgage loans because of the typically larger loan amounts and potential volatility in the market. In addition, repayments on agricultural loans are substantially dependent on the successful operation of the underlying business and the value of the property collateralizing the loan, both of which are affected by many factors, such as weather and changing market prices, outside the control of the borrower. Finally, some commentators believe that the recent sharp increases in farm land prices could make a price correction more likely. | |||||||||||||||||||||||||||||
Substantially all farmland loans are underwritten to conform to agency guidelines to qualify for a government guarantee of up to 90% of the original loan amount, which in turn qualifies them to be sold to a variety of investors in the secondary market. Once the government guarantee is secured from Farmers Home Loan Administration, the guarantee covers up to 90% of any loss on the loan. Longer-term fixed-rate agricultural mortgage loans may be sold in the secondary market, which the Company services for the secondary market purchaser. | |||||||||||||||||||||||||||||
Commercial and Industrial Loans | |||||||||||||||||||||||||||||
Commercial and industrial loans and lines of credit are originated to small and medium-sized companies in our primary market area. Commercial and industrial loans are generally used for working capital purposes or for acquiring equipment, inventory or furniture. Commercial and industrial loans generally carry a floating-rate indexed to the prime rate as published in The Wall Street Journal and a one-year term. All commercial and industrial loans are secured. | |||||||||||||||||||||||||||||
When making commercial and industrial loans, the financial statements of the borrower, the lending history of the borrower, the debt service capabilities of the borrower, the projected cash flows of the business, the value of the collateral, if any, and whether the loan is guaranteed by the principals of the borrower are considered. Commercial and industrial loans are generally secured by accounts receivable, inventory, equipment and personal guarantees. | |||||||||||||||||||||||||||||
Commercial and industrial loans generally have a greater credit risk than residential mortgage loans. Unlike residential mortgage loans, which generally are made on the basis of the borrower’s ability to make repayment from his or her employment and other income, and which are secured by real property whose value tends to be more easily ascertainable, commercial and industrial loans are of higher risk and typically are made on the basis of the borrower’s ability to make repayment from the cash flow of the borrower’s business. As a result, the availability of funds for the repayment of commercial and industrial loans may be substantially dependent on the success of the business itself. Further, the collateral securing the loans may depreciate over time, may be difficult to appraise and may fluctuate in value based on the success of the business. These risks are minimized through underwriting standards and personal guarantees. | |||||||||||||||||||||||||||||
Agricultural Loans | |||||||||||||||||||||||||||||
Agricultural operating lines of credit generally have terms of one year and are secured by growing crops, livestock and equipment, and mortgages on the farmland. Intermediate-term loans have terms of 2-7 years and are secured by machinery and equipment. Generally these loans are extended to farmers in our market area for the purchase of equipment, seed, fertilizer, insecticide and other purposes in connection with agricultural production. The maximum term for equipment secured loans is tied to the useful life of the underlying collateral but generally does not exceed 10 years. The interest rate is generally increased with respect to the longer terms loans due to the rate exposure of these loans. The amount of the commitment is based on management’s review of the borrower’s business plan, prior performance, marketability of crops, and current market prices. Recent financial statements are examined and evaluate cash flow analysis and debt-to-net worth, and liquidity ratios. Loans for crop production generally require 75% or more crop insurance coverage. | |||||||||||||||||||||||||||||
The repayment of agricultural business loans generally is dependent on the successful operation of a farm and can be adversely affected by fluctuations in crop prices, increase in interest rates, and changes in weather conditions. These developments may result in smaller harvests and less income for farmers which may adversely affect such borrower’s ability to repay a loan. Many borrowers also have more than one agricultural business loan outstanding with us. Consequently, an adverse development with respect to one loan or one credit relationship can expose the Company to significantly greater risk of loss compared to an adverse development with respect to a one-to-four family residential mortgage loan. Finally, if the Company forecloses on an agricultural business loan, our holding period for the collateral, if any, typically is longer than for one-to-four family residential mortgage loans because there are fewer potential purchasers of the collateral. | |||||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
The Company has secured and unsecured loans to consumers. However, during recent years, most consumer lending efforts were focused on purchases of indirect automobile loans. | |||||||||||||||||||||||||||||
In an effort to expand and diversify our loan portfolio and increase the overall yield on our loan portfolio, since 1999 the Company has purchased indirect loans on new and used automobiles located primarily in Cook County, Illinois. Although we do not separately underwrite each purchased loan, we thoroughly review the knowledge and experience of the originators’ management teams, their underwriting standards, and their historical loss rates. | |||||||||||||||||||||||||||||
Under the loan purchase arrangement, the seller aggregates indirect automobile loans into separate loan pools. The pools are then segregated into risk categories with each category having predefined limits as to the maximum amounts allowed. Generally, the pools are sold without recourse. The Company receives a listing of the individual loans in the pool, including loan and borrower information prior to funding the purchase but the Company is not generally permitted to substitute loans in a pool or purchase part of a pool. | |||||||||||||||||||||||||||||
The seller is responsible for dealer relationships and the monitoring of their performance. The seller performs all servicing functions including the collection of principal, interest, and fees as well as repossessions and recoveries. Thus, the Company is not involved in the sale of repossessed vehicles. | |||||||||||||||||||||||||||||
The Company performs semi-annual reviews of newly purchased loan files and reviews operational procedures as part of our internal audit function. | |||||||||||||||||||||||||||||
Consumer loans may entail greater credit risk than residential mortgage loans, particularly in the case of consumer loans which are unsecured or are secured by rapidly depreciable assets, such as automobiles. In addition, consumer loan collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be affected by adverse personal circumstances as well as the economy. Furthermore, the application of various federal and state laws, including bankruptcy and insolvency laws, may limit the amount which can be recovered on such loans. | |||||||||||||||||||||||||||||
The following tables present the balance in the allowance for loan losses and the recorded investment in loans based on the portfolio segment and impairment method as of December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Mortgage Loans on Real Estate | |||||||||||||||||||||||||||||
1-4 Family | HELOC and | Multi-Family Residential | Commercial | Farmland | Construction | ||||||||||||||||||||||||
2nd Mortgage | and Land Development | ||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance, beginning of year | $ | 668 | $ | 333 | $ | 3 | $ | 530 | $ | 176 | $ | 275 | |||||||||||||||||
Provision charged to expense | 277 | 54 | 3 | 164 | 32 | (141 | ) | ||||||||||||||||||||||
Losses charged off | (330 | ) | (69 | ) | — | — | — | (151 | ) | ||||||||||||||||||||
Recoveries | 29 | — | — | — | — | 17 | |||||||||||||||||||||||
Balance, end of year | $ | 644 | $ | 318 | $ | 6 | $ | 694 | $ | 208 | $ | — | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 63 | $ | 29 | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 581 | $ | 289 | $ | 6 | $ | 694 | $ | 208 | $ | — | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 39,489 | $ | 7,749 | $ | 117 | $ | 19,244 | $ | 13,900 | $ | 354 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 2,284 | $ | 120 | $ | — | $ | — | $ | — | $ | 354 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 37,205 | $ | 7,629 | $ | 117 | $ | 19,244 | $ | 13,900 | $ | — | |||||||||||||||||
2013 (Continued) | |||||||||||||||||||||||||||||
Commercial | Agricultural | Purchased | Other | Unallocated | Total | ||||||||||||||||||||||||
and Industrial | Indirect | Consumer | |||||||||||||||||||||||||||
Automobile, | |||||||||||||||||||||||||||||
Net | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance, beginning of year | $ | 151 | $ | 301 | $ | 112 | $ | 1 | $ | — | $ | 2,550 | |||||||||||||||||
Provision charged to expense | (41 | ) | 76 | 35 | (6 | ) | — | 453 | |||||||||||||||||||||
Losses charged off | — | — | (33 | ) | — | — | (583 | ) | |||||||||||||||||||||
Recoveries | — | — | 3 | 6 | — | 55 | |||||||||||||||||||||||
Balance, end of year | $ | 110 | $ | 377 | $ | 117 | $ | 1 | $ | — | $ | 2,475 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 3 | $ | — | $ | 1 | $ | — | $ | — | $ | 96 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 107 | $ | 377 | $ | 116 | $ | 1 | $ | — | $ | 2,379 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 6,424 | $ | 24,343 | $ | 7,616 | $ | 115 | $ | — | $ | 119,351 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 3 | $ | — | $ | 4 | $ | — | $ | — | $ | 2,765 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 6,421 | $ | 24,343 | $ | 7,612 | $ | 115 | $ | — | $ | 116,586 | |||||||||||||||||
2012 | |||||||||||||||||||||||||||||
Mortgage Loans on Real Estate | |||||||||||||||||||||||||||||
1-4 Family | HELOC and | Multi-Family Residential | Commercial | Farmland | Construction | ||||||||||||||||||||||||
2nd Mortgage | and Land Development | ||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance, beginning of year | $ | 549 | $ | 248 | $ | 287 | $ | 533 | $ | 143 | $ | 374 | |||||||||||||||||
Provision charged to expense | 484 | 109 | (284 | ) | (3 | ) | 33 | 73 | |||||||||||||||||||||
Losses charged off | (365 | ) | (24 | ) | — | — | — | (172 | ) | ||||||||||||||||||||
Recoveries | — | — | — | — | — | — | |||||||||||||||||||||||
Balance, end of year | $ | 668 | $ | 333 | $ | 3 | $ | 530 | $ | 176 | $ | 275 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 112 | $ | 48 | $ | — | $ | 81 | $ | — | $ | 176 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 556 | $ | 285 | $ | 3 | $ | 449 | $ | 176 | $ | 99 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 41,842 | $ | 9,431 | $ | 51 | $ | 19,989 | $ | 11,765 | $ | 1,837 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 2,484 | $ | 166 | $ | — | $ | 1,482 | $ | — | $ | 851 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 39,358 | $ | 9,265 | $ | 51 | $ | 18,507 | $ | 11,765 | $ | 986 | |||||||||||||||||
2012 (Continued) | |||||||||||||||||||||||||||||
Commercial | Agricultural | Purchased | Other | Unallocated | Total | ||||||||||||||||||||||||
and Industrial | Indirect | Consumer | |||||||||||||||||||||||||||
Automobile, | |||||||||||||||||||||||||||||
Net | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance, beginning of year | $ | 125 | $ | 215 | $ | 95 | $ | 6 | $ | — | $ | 2,575 | |||||||||||||||||
Provision charged to expense | 42 | 86 | 66 | (7 | ) | — | 599 | ||||||||||||||||||||||
Losses charged off | (16 | ) | — | (59 | ) | — | — | (636 | ) | ||||||||||||||||||||
Recoveries | — | — | 10 | 2 | — | 12 | |||||||||||||||||||||||
Balance, end of year | $ | 151 | $ | 301 | $ | 112 | $ | 1 | $ | — | $ | 2,550 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 7 | $ | — | $ | 7 | $ | — | $ | — | $ | 431 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 144 | $ | 301 | $ | 105 | $ | 1 | $ | — | $ | 2,119 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 5,407 | $ | 20,096 | $ | 6,987 | $ | 117 | $ | — | $ | 117,522 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 7 | $ | — | $ | 25 | $ | — | $ | — | $ | 5,015 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 5,400 | $ | 20,096 | $ | 6,962 | $ | 117 | $ | — | $ | 112,507 | |||||||||||||||||
There have been no changes to the Company’s accounting policies or methodology from the prior periods. | |||||||||||||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||
The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. All commercial, agricultural and land development loans are graded at inception of the loan. Subsequently, analyses are performed on an annual basis and grade changes are made as necessary. Interim grade reviews may take place if circumstances of the borrower warrant a more timely review. The Company utilizes an internal asset classification system as a means of reporting problem and potential problem loans. Under the Company’s risk rating system, the Company classifies problem and potential problem loans as “Watch,” “Substandard,” “Doubtful,” and “Loss.” The Company uses the following definitions for risk ratings: | |||||||||||||||||||||||||||||
Pass – Loans classified as pass are well protected by the ability of the borrower to pay or by the value of the asset or underlying collateral. | |||||||||||||||||||||||||||||
Watch – Loans classified as watch represent loans with the minimum level of acceptable credit risk and servicing requirements and the borrower has the capacity to perform according to the terms and repayment is expected. However, one or more elements of uncertainty exist. | |||||||||||||||||||||||||||||
Special Mention – Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Company’s credit position at some future date. | |||||||||||||||||||||||||||||
Substandard – Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. | |||||||||||||||||||||||||||||
Doubtful – Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. | |||||||||||||||||||||||||||||
Loss – Loans classified as loss are the portion of the loan that is considered uncollectible so that its continuance as an asset is not warranted. The amount of the loss determined will be charged-off. | |||||||||||||||||||||||||||||
The following tables present the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Mortgage Loans on Real Estate | |||||||||||||||||||||||||||||
1-4 Family | HELOC and | Multi-Family Residential | Commercial | Farmland | Construction | ||||||||||||||||||||||||
2nd Mortgage | and Land Development | ||||||||||||||||||||||||||||
Pass | $ | 33,676 | $ | 6,557 | $ | 117 | $ | 13,931 | $ | 13,789 | $ | — | |||||||||||||||||
Watch | 2,100 | 334 | — | 2,328 | 111 | — | |||||||||||||||||||||||
Special Mention | 1,429 | 738 | — | 2,985 | — | — | |||||||||||||||||||||||
Substandard | 2,284 | 120 | — | — | — | 354 | |||||||||||||||||||||||
Total | $ | 39,489 | $ | 7,749 | $ | 117 | $ | 19,244 | $ | 13,900 | $ | 354 | |||||||||||||||||
2013 (Continued) | |||||||||||||||||||||||||||||
Commercial | Agricultural | Purchased | Other | Total | |||||||||||||||||||||||||
and Industrial | Indirect | Consumer | |||||||||||||||||||||||||||
Automobile, | |||||||||||||||||||||||||||||
Net | |||||||||||||||||||||||||||||
Pass | $ | 6,106 | $ | 24,131 | $ | 7,612 | $ | 115 | $ | 106,034 | |||||||||||||||||||
Watch | 315 | 212 | — | — | 5,400 | ||||||||||||||||||||||||
Special Mention | — | — | — | — | 5,152 | ||||||||||||||||||||||||
Substandard | 3 | — | 4 | — | 2,765 | ||||||||||||||||||||||||
Total | $ | 6,424 | $ | 24,343 | $ | 7,616 | $ | 115 | $ | 119,351 | |||||||||||||||||||
2012 | |||||||||||||||||||||||||||||
Mortgage Loans on Real Estate | |||||||||||||||||||||||||||||
1-4 Family | HELOC and | Multi-Family Residential | Commercial | Farmland | Construction | ||||||||||||||||||||||||
2nd Mortgage | and Land Development | ||||||||||||||||||||||||||||
Pass | $ | 37,027 | $ | 9,012 | $ | 51 | $ | 16,036 | $ | 11,765 | $ | 986 | |||||||||||||||||
Watch | 1,460 | 218 | — | 2,386 | — | — | |||||||||||||||||||||||
Special Mention | 871 | 35 | — | 85 | — | — | |||||||||||||||||||||||
Substandard | 2,484 | 166 | — | 1,482 | — | 851 | |||||||||||||||||||||||
Total | $ | 41,842 | $ | 9,431 | $ | 51 | $ | 19,989 | $ | 11,765 | $ | 1,837 | |||||||||||||||||
2012 (Continued) | |||||||||||||||||||||||||||||
Commercial | Agricultural | Purchased | Other | Total | |||||||||||||||||||||||||
and Industrial | Indirect | Consumer | |||||||||||||||||||||||||||
Automobile, | |||||||||||||||||||||||||||||
Net | |||||||||||||||||||||||||||||
Pass | $ | 3,761 | $ | 20,096 | $ | 6,962 | $ | 117 | $ | 105,813 | |||||||||||||||||||
Watch | 1,526 | — | — | — | 5,590 | ||||||||||||||||||||||||
Special Mention | 113 | — | — | — | 1,104 | ||||||||||||||||||||||||
Substandard | 7 | — | 25 | — | 5,015 | ||||||||||||||||||||||||
Total | $ | 5,407 | $ | 20,096 | $ | 6,987 | $ | 117 | $ | 117,522 | |||||||||||||||||||
The following tables present the Company’s loan portfolio aging analysis as of December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than 90 Days | Total Past | Current | Total Loans Receivable | Total Loans > 90 Days & Accruing | |||||||||||||||||||||||
Past Due | Past Due | Due | |||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 770 | $ | 607 | 1,608 | $ | 2,985 | $ | 36,504 | $ | 39,489 | $ | — | ||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 26 | 40 | 44 | 110 | 7,639 | 7,749 | — | ||||||||||||||||||||||
Multi-family | — | — | — | — | 117 | 117 | — | ||||||||||||||||||||||
Commercial | 33 | — | — | 33 | 19,211 | 19,244 | — | ||||||||||||||||||||||
Farmland | — | — | — | — | 13,900 | 13,900 | — | ||||||||||||||||||||||
Construction and land development | — | — | 354 | 354 | — | 354 | — | ||||||||||||||||||||||
Total real estate loans | 829 | 647 | 2,006 | 3,482 | 77,371 | 80,853 | — | ||||||||||||||||||||||
Commercial and industrial | 135 | 11 | 3 | 149 | 6,275 | 6,424 | — | ||||||||||||||||||||||
Agriculture | — | — | — | — | 24,343 | 24,343 | — | ||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | 4 | — | — | 4 | 7,612 | 7,616 | — | ||||||||||||||||||||||
Other | — | — | — | — | 115 | 115 | — | ||||||||||||||||||||||
Total consumer loans | 4 | — | — | 4 | 7,727 | 7,731 | — | ||||||||||||||||||||||
Total | $ | 968 | $ | 658 | $ | 2,009 | $ | 3,635 | $ | 115,716 | $ | 119,351 | $ | — | |||||||||||||||
2012 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than 90 Days | Total Past | Current | Total Loans Receivable | Total Loans > 90 Days & Accruing | |||||||||||||||||||||||
Past Due | Past Due | Due | |||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,464 | $ | 808 | 1,122 | $ | 3,394 | $ | 38,448 | $ | 41,842 | $ | — | ||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 51 | 14 | 35 | 100 | 9,331 | 9,431 | — | ||||||||||||||||||||||
Multi-family | — | — | — | — | 51 | 51 | — | ||||||||||||||||||||||
Commercial | — | — | — | — | 19,989 | 19,989 | — | ||||||||||||||||||||||
Farmland | — | — | — | — | 11,765 | 11,765 | — | ||||||||||||||||||||||
Construction and land development | — | — | — | — | 1,837 | 1,837 | — | ||||||||||||||||||||||
Total real estate loans | 1,515 | 822 | 1,157 | 3,494 | 81,421 | 84,915 | — | ||||||||||||||||||||||
Commercial and industrial | — | — | 7 | 7 | 5,400 | 5,407 | — | ||||||||||||||||||||||
Agriculture | — | — | — | — | 20,096 | 20,096 | — | ||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | 25 | — | — | 25 | 6,962 | 6,987 | — | ||||||||||||||||||||||
Other | — | — | — | — | 117 | 117 | — | ||||||||||||||||||||||
Total consumer loans | 25 | — | — | 25 | 7,079 | 7,104 | — | ||||||||||||||||||||||
Total | $ | 1,540 | $ | 822 | $ | 1,164 | $ | 3,526 | $ | 113,996 | $ | 117,522 | $ | — | |||||||||||||||
At December 31, 2013 and 2012, the Company held $24,343 and $20,096 in agricultural production loans and $13,900 and $11,765, respectively in agricultural real estate loans in the Company’s geographic lending area. Generally, those loans are collateralized by assets of the borrower. The loans are expected to be repaid from cash flows or from proceeds of sale of related assets of the borrower. Declines in prices for corn, beans, livestock and farm land in addition to unfavorable weather patterns, could significantly affect the repayment ability for many agricultural loan customers. | |||||||||||||||||||||||||||||
At December 31, 2013 and 2012, the Company held $19,244 and $19,989 in commercial real estate loans and $354 and $1,837 in loans collateralized by construction and development real estate primarily in the Company’s geographic lending area. Due to national, state and local economic conditions, values for commercial and development real estate have declined significantly, and the market for these properties is depressed. | |||||||||||||||||||||||||||||
A loan is considered impaired, in accordance with the impairment accounting guidance (ASC 310-10-35-16), when based on current information and events, it is probable the Company will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loans and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. | |||||||||||||||||||||||||||||
Impairment is measured on a loan-by-loan basis by either the present value of the expected future cash flows, the loan’s observable market value, or, for collateral-dependent loans, the fair value of the collateral adjusted for market conditions and selling expenses. Significant restructured loans are considered impaired in determining the adequacy of the allowance for loan losses. | |||||||||||||||||||||||||||||
The Company actively seeks to reduce its investment in impaired loans. The primary tools to work through impaired loans are settlement with the borrowers or guarantors, foreclosure of the underlying collateral, or restructuring. | |||||||||||||||||||||||||||||
The Company will restructure loans when the borrower demonstrates the inability to comply with the terms of the loan, but can demonstrate the ability to meet acceptable restructured terms. Restructurings generally include one or more of the following restructuring options; reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance, or other actions intended to maximize collection. Restructured loans in compliance with modified terms are initially classified as impaired. | |||||||||||||||||||||||||||||
The following tables present impaired loans for the years ended December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Recorded | Unpaid Principal Balance | Specific | Average | Interest Income Recognized | Interest Income Recognized Cash Basis | ||||||||||||||||||||||||
Balance | Allowance | Investment in Impaired Loans | |||||||||||||||||||||||||||
Loans without a specific allowance | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,722 | $ | 2,159 | $ | — | $ | 1,746 | $ | 32 | $ | 32 | |||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 45 | 135 | — | 75 | 1 | 1 | |||||||||||||||||||||||
Multi-family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial | — | — | — | — | — | — | |||||||||||||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||||||
Construction and land development | 354 | 501 | — | 178 | 3 | 3 | |||||||||||||||||||||||
Total real estate loans | 2,121 | 2,795 | — | 1,999 | 36 | 36 | |||||||||||||||||||||||
Commercial and industrial | — | — | — | — | — | — | |||||||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | — | — | — | — | |||||||||||||||||||||||
Other | — | 27 | — | — | — | — | |||||||||||||||||||||||
Total consumer loans | — | 27 | — | — | — | — | |||||||||||||||||||||||
Total | $ | 2,121 | $ | 2,822 | $ | — | $ | 1,999 | $ | 36 | $ | 36 | |||||||||||||||||
Loans with a specific allowance | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 562 | $ | 602 | $ | 63 | $ | 638 | $ | 12 | $ | 12 | |||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 75 | 84 | 29 | 67 | 1 | 1 | |||||||||||||||||||||||
Multi-family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial | — | — | — | 741 | 13 | 13 | |||||||||||||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||||||
Construction and land development | — | — | — | 426 | 8 | 8 | |||||||||||||||||||||||
Total real estate loans | 637 | 686 | 92 | 1,872 | 34 | 34 | |||||||||||||||||||||||
Commercial and industrial | 3 | 3 | 3 | 5 | — | — | |||||||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | 4 | 4 | 1 | 14 | — | — | |||||||||||||||||||||||
Other | — | — | — | — | — | — | |||||||||||||||||||||||
Total consumer loans | 4 | 4 | 1 | 14 | — | — | |||||||||||||||||||||||
Total loans | 644 | 693 | 96 | 1,891 | 34 | 34 | |||||||||||||||||||||||
Total | $ | 2,765 | $ | 3,515 | $ | 96 | $ | 3,890 | $ | 70 | $ | 70 | |||||||||||||||||
2012 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Recorded | Unpaid Principal Balance | Specific | Average | Interest Income Recognized | Interest Income Recognized | ||||||||||||||||||||||||
Balance | Allowance | Investment in Impaired Loans | Cash Basis | ||||||||||||||||||||||||||
Loans without a specific allowance | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,770 | $ | 2,130 | $ | — | $ | 1,439 | $ | 24 | $ | 24 | |||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 106 | 127 | — | 109 | 2 | 2 | |||||||||||||||||||||||
Multi-family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial | — | — | — | 695 | 11 | 11 | |||||||||||||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||
Total real estate loans | 1,876 | 2,257 | — | 2,243 | 37 | 37 | |||||||||||||||||||||||
Commercial and industrial | — | 17 | — | — | — | — | |||||||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | — | — | — | — | |||||||||||||||||||||||
Other | — | 23 | — | — | — | — | |||||||||||||||||||||||
Total consumer loans | — | 23 | — | — | — | — | |||||||||||||||||||||||
Total | $ | 1,876 | $ | 2,297 | $ | — | $ | 2,243 | $ | 37 | $ | 37 | |||||||||||||||||
Loans with a specific allowance | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 714 | $ | 722 | $ | 112 | $ | 1,690 | $ | 28 | $ | 28 | |||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 60 | 60 | 48 | 108 | 2 | 2 | |||||||||||||||||||||||
Multi-family | — | — | — | 459 | 8 | 8 | |||||||||||||||||||||||
Commercial | 1,482 | 1,482 | 81 | 741 | 12 | 12 | |||||||||||||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||||||
Construction and land development | 851 | 1,103 | 176 | 939 | 15 | 15 | |||||||||||||||||||||||
Total real estate loans | 3,107 | 3,367 | 417 | 3,937 | 65 | 65 | |||||||||||||||||||||||
Commercial and industrial | 7 | 7 | 7 | 29 | 1 | 1 | |||||||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | 25 | 25 | 7 | 17 | — | — | |||||||||||||||||||||||
Other | — | — | — | 2 | — | — | |||||||||||||||||||||||
Total consumer loans | 25 | 25 | 7 | 19 | — | — | |||||||||||||||||||||||
Total loans | 3,139 | 3,399 | 431 | 3,985 | 66 | 66 | |||||||||||||||||||||||
Total | $ | 5,015 | $ | 5,696 | $ | 431 | $ | 6,228 | $ | 103 | $ | 103 | |||||||||||||||||
The following table presents the Company’s nonaccrual loans at December 31, 2013 and 2012. This table excludes performing troubled debt restructurings. | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Mortgages on real estate: | |||||||||||||||||||||||||||||
One-to-four family | $ | 2,284 | $ | 2,484 | |||||||||||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 120 | 166 | |||||||||||||||||||||||||||
Commercial | — | 1,482 | |||||||||||||||||||||||||||
Construction and land development | 354 | 851 | |||||||||||||||||||||||||||
Commercial and industrial | 3 | 7 | |||||||||||||||||||||||||||
Total | $ | 2,761 | $ | 4,990 | |||||||||||||||||||||||||
The following table presents the recorded balance of troubled debt restructurings, as of December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,914 | $ | 1,814 | |||||||||||||||||||||||||
Home equity lines of credit and other 2nd mortgages | — | 6 | |||||||||||||||||||||||||||
Multi-family | — | — | |||||||||||||||||||||||||||
Commercial | — | 1,482 | |||||||||||||||||||||||||||
Farmland | — | — | |||||||||||||||||||||||||||
Construction and land development | 354 | 851 | |||||||||||||||||||||||||||
Total real estate loans | 2,268 | 4,153 | |||||||||||||||||||||||||||
Commercial and industrial | — | — | |||||||||||||||||||||||||||
Agriculture | — | — | |||||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | |||||||||||||||||||||||||||
Other | — | — | |||||||||||||||||||||||||||
Total consumer loans | — | — | |||||||||||||||||||||||||||
Total | $ | 2,268 | $ | 4,153 | |||||||||||||||||||||||||
The following table presents the recorded balance of troubled debt restructurings, which were performing according to the terms of the restructuring, as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,245 | $ | 1,126 | |||||||||||||||||||||||||
Home equity lines of credit and other 2nd mortgages | — | — | |||||||||||||||||||||||||||
Multi-family | — | — | |||||||||||||||||||||||||||
Commercial | — | 1,482 | |||||||||||||||||||||||||||
Farmland | — | — | |||||||||||||||||||||||||||
Construction and land development | — | 851 | |||||||||||||||||||||||||||
Total real estate loans | 1,245 | 3,459 | |||||||||||||||||||||||||||
Commercial and industrial | — | — | |||||||||||||||||||||||||||
Agriculture | — | — | |||||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | |||||||||||||||||||||||||||
Other | — | — | |||||||||||||||||||||||||||
Total consumer loans | — | — | |||||||||||||||||||||||||||
Total | $ | 1,245 | $ | 3,459 | |||||||||||||||||||||||||
Troubled debt restructurings resulted in charge-offs of $264 and $219 during the years ended December 31, 2013 and 2012, respectively. The allowance for loan losses included specific allowances for troubled debt restructurings of $16 and $311 at December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||||
The following table represents loans modified as troubled debt restructurings during the years ended December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
Year Ended | Year Ended | ||||||||||||||||||||||||||||
December 31, 2013 | 31-Dec-12 | ||||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||||||
Modifications | Investment | Modifications | Investment | ||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | 1 | $ | 245 | 3 | $ | 257 | |||||||||||||||||||||||
Home equity lines of credit and other 2nd mortgages | — | — | 1 | 6 | |||||||||||||||||||||||||
Multi-family | — | — | — | — | |||||||||||||||||||||||||
Commercial | — | — | 2 | 1,482 | |||||||||||||||||||||||||
Farmland | — | — | — | — | |||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||
Total real estate loans | 1 | 245 | 6 | 1,745 | |||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | |||||||||||||||||||||||||
Agriculture | — | — | — | — | |||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | — | — | |||||||||||||||||||||||||
Other | — | — | — | — | |||||||||||||||||||||||||
Total consumer loans | — | — | — | — | |||||||||||||||||||||||||
Total | 1 | $ | 245 | 6 | $ | 1,745 | |||||||||||||||||||||||
During the year ended December 31, 2013, the Company modified one residential real estate loan, with a recorded investment of $245 prior to modification, which was deemed a TDR. The modification involved both an interest rate and maturity concession, which resulted in an impairment loss of $16 based upon the present value of expected future cash flows. | |||||||||||||||||||||||||||||
During the year ended December 31, 2012, the Company modified three residential real estate loans, with a recorded investment of $257 prior to modification, which were deemed TDRs. All three of the modifications were to lower the interest rate and extend the maturity date. This resulted in specific allowances of $40 based upon the fair value of the collateral and impairment losses of $9 based upon the present value of expected future cash flows, discounted at the contractual interest rate of the original loan agreement. | |||||||||||||||||||||||||||||
The Company modified one second mortgage during 2012, which has a recorded investment of $6 prior to modification and was deemed a TDR. The Company extended the maturity date on that loan, which resulted in a specific allowance of $6 and no impairment loss. The Company modified two commercial real estate loans during the year, which had a recorded investment of $1,482 prior to modification and were deemed TDRs. The Company extended the maturity date on those loans, which resulted in specific allowances of $81 based upon the fair value of the collateral and no impairment losses. | |||||||||||||||||||||||||||||
Specific loss allowances are included in the calculation of estimated future loss ratios, which are applied to the various loan portfolios for purposes of estimating future losses. | |||||||||||||||||||||||||||||
Management considers the level of defaults within the various portfolios when evaluating qualitative adjustments used to determine the adequacy of the allowance for loan losses. | |||||||||||||||||||||||||||||
As of December 31, 2013 and 2012, the Company had two loans totaling $76 and no loans, respectively, in default that had been modified within the previous 12 months as TDRs. As of December 31, 2013, there were four TDRs secured by one-to-four family real estate totaling $669 and one TDR secured by commercial land for development of $354, all of which were in default. Default occurs when a loan or lease is 90 days or more past due, transferred to nonaccrual or charged-off and is within 12 months of restructuring. |
Note_5_Premises_and_Equipment
Note 5 - Premises and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | ||||||||
Note 5: Premises and Equipment | |||||||||
Major classifications of premises and equipment, stated at cost, are as follows: | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Land | $ | 396 | $ | 403 | |||||
Buildings and improvements | 6,259 | 6,164 | |||||||
Furniture and equipment | 1,467 | 2,581 | |||||||
8,122 | 9,148 | ||||||||
Less accumulated depreciation | 4,756 | 5,753 | |||||||
Net premises and equipment | $ | 3,366 | $ | 3,395 | |||||
Note_6_Loan_Servicing
Note 6 - Loan Servicing | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Loan Servicing [Abstract] | ' | ||||||||
Loan Servicing [Text Block] | ' | ||||||||
Note 6: Loan Servicing | |||||||||
Loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balances of loans serviced for others consist of the following: | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
One-to-four family residential loans | |||||||||
FHLB | $ | 10,542 | $ | 12,403 | |||||
FNMA | 50,709 | 51,184 | |||||||
Agricultural loans | |||||||||
Farmer Mac | 15,106 | 8,808 | |||||||
Commercial loans | |||||||||
Other financial institutions | 3,147 | 3,005 | |||||||
$ | 79,504 | $ | 75,400 | ||||||
The Company has a credit enhancement obligation to individual loan losses, to the limit of $927 at December 31, 2013 and 2012, respectively. Management has determined that the allowance for loan losses is adequate to cover possible future losses from its credit enhancement obligation. | |||||||||
The following summarizes the activity in loan servicing rights measured using the fair value method for the years ended December 31, 2013 and 2012: | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Fair value, beginning of year | $ | 412 | $ | 310 | |||||
Additions | |||||||||
Servicing rights that result from asset transfers | 191 | 159 | |||||||
Less loans refinanced | (110 | ) | (72 | ) | |||||
Changes in fair value, due to changes in valuation inputs or assumptions | 127 | 15 | |||||||
Fair value, end of year | $ | 620 | $ | 412 | |||||
Comparable market values and a valuation model that calculates the present value of future cash flows were used to estimate fair value. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as costs to service, a discount rate, custodial earnings rate, default rates and losses and prepayment speeds. |
Note_7_Interestbearing_Deposit
Note 7 - Interest-bearing Deposits | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Deposit Liabilities Disclosures [Text Block] | ' | ||||||||
Note 7: Interest-bearing Deposits | |||||||||
Interest-bearing deposits in denominations of $100 or more were $47,234 and $47,420 on December 31, 2013 and 2012, respectively. | |||||||||
The following table represents deposit interest expense by deposit type: | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Savings | $ | 22 | $ | 21 | |||||
NOW and Money Market | 81 | 59 | |||||||
Certificates of deposit | 1,164 | 1,270 | |||||||
Brokered certificates of deposit | — | 65 | |||||||
Total deposit interest expense | $ | 1,267 | $ | 1,415 | |||||
At December 31, 2013, the scheduled maturities of certificates of deposit are as follows: | |||||||||
2014 | $ | 32,941 | |||||||
2015 | 23,474 | ||||||||
2016 | 9,287 | ||||||||
2017 | 9,791 | ||||||||
$ | 75,493 | ||||||||
Note_8_Federal_Home_Loan_Bank_
Note 8 - Federal Home Loan Bank Stock | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Federal Home Loan Bank Advances, Disclosure [Text Block] | ' | ||||||||
Note 8: Federal Home Loan Bank Advances | |||||||||
The Federal Home Loan Bank (“FHLB”) advances and lines of credit consisted of the following components: | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Open line of credit, 0.30% at December 31, 2013 and 2012 | $ | 4,200 | $ | 2,000 | |||||
Advances | 8,006 | 10,357 | |||||||
Total | $ | 12,206 | $ | 12,357 | |||||
The Federal Home Loan Bank advances and line of credit are secured by loans totaling $94,317 and $74,429 at December 31, 2013 and 2012, respectively. Advances at December 31, 2013 at interest rates from 0.66% to 5.16% are subject to restrictions or penalties in the event of prepayment. | |||||||||
Annual maturities of the advances at December 31, 2013, are: | |||||||||
2014 | $ | 2,457 | |||||||
2015 | 1,333 | ||||||||
2016 | 2,076 | ||||||||
2017 | 377 | ||||||||
2018 | 1,763 | ||||||||
$ | 8,006 | ||||||||
Note_9_Income_Taxes
Note 9 - Income Taxes | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||
Income Tax Disclosure [Text Block] | ' | |||||||||
Note 9: Income Taxes | ||||||||||
The Company and its subsidiary file income tax returns in the U.S. federal and state of Illinois jurisdictions. During the years ended December 31, 2013 and 2012, the Company did not recognize expense for interest or penalties. | ||||||||||
The expense for income taxes includes these components: | ||||||||||
December 31, | ||||||||||
2013 | 2012 | |||||||||
Taxes currently payable | $ | 228 | $ | 192 | ||||||
Deferred income taxes | (44 | ) | (48 | ) | ||||||
Income tax expense | $ | 184 | $ | 144 | ||||||
A reconciliation of income tax expense at the statutory rate to the Company’s actual income tax expense is shown below: | ||||||||||
December 31, | ||||||||||
2013 | 2012 | |||||||||
Computed at the statutory rate (34%) | $ | 295 | $ | 351 | ||||||
Increase (decrease) resulting from | ||||||||||
Tax exempt interest | (10 | ) | (4 | ) | ||||||
Changes in deferred tax valuation allowance | (89 | ) | (119 | ) | ||||||
Cash surrender value of life insurance | (38 | ) | (41 | ) | ||||||
Other | 26 | (43 | ) | |||||||
Actual tax expense | $ | 184 | $ | 144 | ||||||
Income tax expense as a percentage of pre-tax income | 21.2 | % | 14 | % | ||||||
The tax effects of temporary differences related to deferred taxes shown on the balance sheets were: | ||||||||||
December 31, | ||||||||||
2013 | 2012 | |||||||||
Deferred tax assets | ||||||||||
Allowance for loan losses | $ | 842 | $ | 867 | ||||||
Accrued compensation and employee benefits | 827 | 802 | ||||||||
Net operating loss | 234 | 296 | ||||||||
Loss on other than temporary impairment of equity securities not sold | 218 | 218 | ||||||||
Write-down on foreclosed assets for sale | — | 107 | ||||||||
Other | 291 | 172 | ||||||||
2,412 | 2,462 | |||||||||
Deferred tax liabilities | ||||||||||
Depreciation | (167 | ) | (153 | ) | ||||||
FHLB stock dividends | — | (89 | ) | |||||||
Unrealized gains on available-for-sale securities | (9 | ) | (3 | ) | ||||||
Loan servicing rights | (210 | ) | (140 | ) | ||||||
(386 | ) | (385 | ) | |||||||
Net deferred tax asset before valuation allowance | 2,026 | 2,077 | ||||||||
Valuation allowance | ||||||||||
Beginning balance | 218 | 337 | ||||||||
Decrease during the period | (89 | ) | (119 | ) | ||||||
Ending balance | 129 | 218 | ||||||||
Net deferred tax asset | $ | 1,897 | $ | 1,859 | ||||||
At December 31, 2013 and 2012, the Company’s deferred tax asset relating to realized losses and losses on other-than-temporary impairment of equity securities resulted in capital losses. Management has established a valuation allowance for a portion of that deferred tax asset for which realization of the asset does not meet the “more likely than not” criteria. The carryback period on these losses is three years and the carryforward period is five years from the date of sale. | ||||||||||
At December 31, 2013 and 2012, the Company had federal net operating loss carryforwards totaling approximately $689 and $871, respectively, which expire in varying amounts between 2024 and 2029. | ||||||||||
At December 31, 2013 and 2012, the Company had Illinois net operating loss carryforwards totaling approximately $3,190 and $3,290, respectively, which will expire in varying amounts between 2015 and 2021. Management has not recorded a deferred tax asset for the state net operating loss carryforwards. | ||||||||||
The decreases in the valuation allowance in 2013 and 2012 are due to the reversal of the previous valuation allowance related to the capital losses. Management believes they have capital gains to enable a portion of the capital losses to be utilized prior to expiration. | ||||||||||
Retained earnings at December 31, 2013 and 2012, include approximately $2,216 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. Reduction of amounts so allocated for purposes other than tax bad debt losses or adjustments arising from carryback of net operating losses would create income for tax purposes only, which would be subject to the then-current corporate income tax rate. The deferred income tax liability on the preceding amount that would have been recorded if the allocations were expected to reverse into taxable income in the foreseeable future was approximately $753 at December 31, 2013 and 2012. |
Note_10_Accumulated_Other_Comp
Note 10 - Accumulated Other Comprehensive Income | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | ||||||||
Note 10: Accumulated Other Comprehensive Income | |||||||||
The components of accumulated other comprehensive income, included in stockholders’ equity, are as follows: | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Net unrealized gain on available-for-sale securities | $ | 25 | $ | 10 | |||||
Tax effect | (9 | ) | (3 | ) | |||||
Net-of-tax amount | $ | 16 | $ | 7 | |||||
Note_11_Changes_in_Accumulated
Note 11 - Changes in Accumulated Other Comprehensive Income [AOCI] by Components | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Partners' Capital, Comprehensive Income [Abstract] | ' | |||||||||
Disclosure of Reclassification Amount [Text Block] | ' | |||||||||
Note 11: Changes in Accumulated Other Comprehensive Income (AOCI) by Component | ||||||||||
Amounts reclassified from AOCI and the affected line items in the statements of income during the years ended December 31, 2013 and 2012, were as follows: | ||||||||||
Amounts Reclassified | Affected Line Item in the | |||||||||
from AOCI | ||||||||||
2013 | 2012 | Statements of Income | ||||||||
Unrealized gains (losses) on available-for-sale securities | ||||||||||
$ | — | $ | 2 | Realized gain on sale of securities | ||||||
Total reclassified amount before tax | ||||||||||
— | — | Tax (expense) benefit | ||||||||
$ | — | $ | 2 | Net reclassified amount | ||||||
Note_12_Regulatory_Matters
Note 12 - Regulatory Matters | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Regulatory Capital Requirements under Banking Regulations [Text Block] | ' | ||||||||||||||||||||||||
Note 12: Regulatory Matters | |||||||||||||||||||||||||
The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. 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 the Bank’s 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. Furthermore, the Company’s regulators could require adjustments to regulatory capital not reflected in these financial statements. | |||||||||||||||||||||||||
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 I capital (as defined in the regulations) to risk-weighted assets (as defined) and of Tier I capital to average assets (as defined). Management believes, as of December 31, 2013 and 2012, that the Bank meets all capital adequacy requirements to which it is subject. | |||||||||||||||||||||||||
As of December 31, 2013, the most recent notification from regulators categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier I risk-based and Tier I leverage ratios as set forth in the 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 this table: | |||||||||||||||||||||||||
Actual | Minimum Capital | Minimum to Be Well | |||||||||||||||||||||||
Requirements | Capitalized Under Prompt | ||||||||||||||||||||||||
Corrective Action | |||||||||||||||||||||||||
Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||
Total capital (to risk-weighted assets) | $ | 18,996 | 14.5 | % | $ | 10,489 | 8 | % | $ | 13,112 | 10 | % | |||||||||||||
Tier I capital (to risk-weighted assets) | 17,332 | 13.2 | % | 5,245 | 4 | % | 7,867 | 6 | % | ||||||||||||||||
Tier I capital (to average assets) | 17,332 | 10.3 | % | 6,741 | 4 | % | 8,246 | 5 | % | ||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||
Total capital (to risk-weighted assets) | $ | 18,393 | 14.5 | % | $ | 10,129 | 8 | % | $ | 12,662 | 10 | % | |||||||||||||
Tier I capital (to risk-weighted assets) | 16,794 | 13.3 | % | 5,065 | 4 | % | 7,597 | 6 | % | ||||||||||||||||
Tier I capital (to average assets) | 16,794 | 10.2 | % | 6,602 | 4 | % | 8,253 | 5 | % | ||||||||||||||||
The following is a reconciliation of the Bank equity amount included in the consolidated balance sheets to the amounts reflected above for regulatory capital purposes: | |||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Bank equity | $ | 18,597 | $ | 18,038 | |||||||||||||||||||||
Less net unrealized gains | 3 | 3 | |||||||||||||||||||||||
Less disallowed servicing amounts | 62 | 41 | |||||||||||||||||||||||
Less disallowed deferred tax assets | 1,200 | 1,200 | |||||||||||||||||||||||
Tier 1 capital | 17,332 | 16,794 | |||||||||||||||||||||||
Add allowance for loan losses subject to limit | 1,649 | 1,595 | |||||||||||||||||||||||
Add unrealized gains on available-for-sale equity securities | 15 | 4 | |||||||||||||||||||||||
Total risk-based capital | $ | 18,996 | $ | 18,393 | |||||||||||||||||||||
Note_13_Restriction_on_Dividen
Note 13 - Restriction on Dividends | 12 Months Ended |
Dec. 31, 2013 | |
Disclosure of Restrictions on Dividends, Loans and Advances Disclosure [Abstract] | ' |
Restrictions on Dividends, Loans and Advances [Text Block] | ' |
Note 13: Restriction on Dividends | |
Without prior approval, the Bank is restricted by Illinois law and regulations of the Illinois Department of Financial and Professional Regulation, State of Illinois, and the Federal Deposit Insurance Corporation as to the maximum amount of dividends it can pay to the Company to the balance of the undivided profits account, adjusted for defined bad debts. As a practical matter, the Bank restricts dividends to a lesser amount because of the need to maintain an adequate capital structure. |
Note_14_Related_Party_Transact
Note 14 - Related Party Transactions | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Related Party Transactions [Abstract] | ' | ||||||||
Related Party Transactions Disclosure [Text Block] | ' | ||||||||
Note 14: Related Party Transactions | |||||||||
At December 31, 2013 and 2012, the Company had loans outstanding to executive officers, directors and their affiliates (related parties). Changes in loans to executive officers and directors are summarized as follows: | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Balance beginning of year | $ | 1,080 | $ | 1,178 | |||||
New loans | 150 | 322 | |||||||
Repayments | (493 | ) | (420 | ) | |||||
Balance, end of year | $ | 737 | $ | 1,080 | |||||
Deposits from related parties held by the Company at December 31, 2013 and 2012 totaled $1,523 and $1,308, respectively. | |||||||||
The Company also has an employee loan program which is described more fully in Note 15. | |||||||||
In management’s opinion, such loans and other extensions of credit and deposits were made in the ordinary course of business and were made on substantially the same terms (including interest rates and collateral) as those prevailing at the time for comparable transactions with other persons. Further, in management’s opinion, these loans did not involve more than normal risk of collectibility or present other unfavorable features. |
Note_15_Employee_Benefit_Plans
Note 15 - Employee Benefit Plans | 12 Months Ended | ||
Dec. 31, 2013 | |||
Disclosure Text Block Supplement [Abstract] | ' | ||
Compensation and Employee Benefit Plans [Text Block] | ' | ||
Note 15: Employee Benefit Plans | |||
The Company contributes to a multiemployer defined benefit retirement plan (Pentegra DB Plan) covering all employees under 65 years of age. The Pentegra DB Plan’s Employer Identification Number is 13-5645888 and the plan number is 333. Although employees will receive defined benefits under the multiemployer plan, the multiemployer plan does not provide for the accrual of defined pension benefits for the future services of the present employees. The Pentegra DB Plan operates as a multi-employer plan for accounting purposes and as a multiemployer plan under the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code. There are no collective bargaining agreements in place that require contributions to the Pentegra DB Plan. | |||
The Pentegra DB Plan is a single plan under the Internal Revenue Code Section 413(c) and, as a result, all of the assets stand behind all of the liabilities. Accordingly, under the Pentegra DB Plan contributions made by a participating employer may be used to provide benefits to participants of other participating employers. The risks of participating in these multiemployer plans are different from single-employer plans in the following aspects: | |||
1 | Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers. | ||
2 | If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers. | ||
3 | If the Company chooses to stop participating in some of its multiemployer plans, the Company may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability. | ||
Effective January 1, 2008, the Board approved to close the plan to new employees. In 2010, the Company elected to freeze its defined benefit retirement plan. Effective July 1, 2010, all benefit accruals under the Plan ceased. | |||
Total contributions made to the Pentegra DB Plan, as reported on Form 5500, equal $196,473 and $299,729 for the plan years ending June 30, 2012 and June 30, 2011, respectively. The Company’s contributions to the Pentegra DB Plan totaled $83 and $45, respectively, for the years ended December 31, 2013 and 2012 and do not represent more than 5% of the total contributions to the Pentegra DB Plan. There have been no significant changes that affect the comparability of the 2012 and 2013 contributions. | |||
The Company has a retirement savings 401(k) profit sharing plan covering substantially all employees. The Company matches 50% of the employee’s contribution on the first 6% of the employee’s compensation. Employer contributions charged to expense for 2013 and 2012 were $41. | |||
The Company has a liability of $1,081 and $1,085 as of December 31, 2013 and 2012, respectively, for deferred compensation agreements with current and former directors of the Company. The agreements provide for 120 monthly payments upon retirement of the directors. The charge to expense for the agreements was $106 for 2013 and $110 for 2012. Such charges reflect the deferred director fees plus the interest accrued at the rate of 3.97% – 8.50% on the contributions to the deferred compensation accounts. | |||
The Company has a supplemental employee retirement plan with certain officers of the Company. The plan provides for benefits to be paid upon retirement of the officers. The charge to the expense for the plan was $225 and $221 in 2013 and 2012, respectively. Such charges reflect the straight-line accrual over the period until full eligibility of the present value of benefits due each participant on the full eligibility date, using a 3.97% to 8.50% discount factor. The liability for the plan was $1,352 and $1,253 at December 31, 2013 and 2012, respectively. | |||
The Company has adopted a lending policy which provides eligible employees, officers, and directors of the Company the opportunity to obtain one mortgage loan (primary residence only) at an interest rate below what is offered to customers in the normal course of business. The interest rate is based upon 1% below the Fannie Mae rate on the date of entering the program or the date the loan is scheduled to re-price. Employees who have been employed full-time for 3 months or have accumulated 1000 hours of employment are eligible to participate in the plan. The interest rate on those loans revert back to the contract rate when the employee is no longer employed by the Company. The outstanding balance of such loans totaled approximately $1,047 and $1,484 at December 31, 2013 and 2012, respectively. Approximately $319 and $391, respectively, were loans to executive officers and directors. Effective April 2008, directors were no longer eligible to obtain new loans through this program. |
Note_16_Stockbased_Compensatio
Note 16 - Stock-based Compensation | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||||||||||||
Note 16: Stock-based Compensation | |||||||||||||||||
In connection with the conversion to stock form, the Bank established an ESOP for the exclusive benefit of eligible employees (all salaried employees who have completed at least 1,000 hours of service in a twelve-month period and have attained the age of 18). The ESOP borrowed funds from the Company in an amount sufficient to purchase 62,775 shares (approximately 8% of the Common Stock issued in the stock offering). The loan is secured by the shares purchased and will be repaid by the ESOP with funds from contributions made by the Bank and dividends received by the ESOP, with funds from any contributions on ESOP assets. Contributions will be applied to repay interest on the loan first, then the remainder will be applied to principal. The loan is expected to be repaid over a period of up to 15 years. Shares purchased with the loan proceeds are held in a suspense account for allocation among participants as the loan is repaid. Contributions to the ESOP and shares released from the suspense account are allocated among participants in proportion to their compensation, relative to total compensation of all active participants. Participants will vest 100% in their accrued benefits under the employee stock ownership plan after three vesting years, with no prorated vesting prior to reaching three vesting years. Vesting is accelerated upon retirement, death or disability of the participant or a change in control of the Bank. Forfeitures will be reallocated to remaining plan participants. Benefits may be payable upon retirement, death, disability, separation from service, or termination of the ESOP. Since the Bank’s annual contributions are discretionary, benefits payable under the ESOP cannot be estimated. | |||||||||||||||||
Participants receive the shares at the end of employment. Because the Company’s stock is not traded on an established market, as of December 31, 2013, it is required to provide the participants in the Plan with a put option to repurchase their shares. This repurchase obligation is reflected in the Company’s financial statements in other liabilities and reduces shareholders’ equity by the estimated fair value of the earned shares. | |||||||||||||||||
The Company is accounting for its ESOP in accordance with ASC Topic 718, Employers Accounting for Employee Stock Ownership Plans. Accordingly, the debt of the ESOP is eliminated in consolidation and the shares pledged as collateral are reported as unearned ESOP shares in the consolidated balance sheet. Contributions to the ESOP shall be sufficient to pay principal and interest currently due under the loan agreement. As shares are committed to be released from collateral, the Company reports compensation expense equal to the average market price of the shares for the respective period, and the shares become outstanding for earnings per shares computations. Dividends, if any, on unallocated ESOP shares are recorded as a reduction of debt and accrued interest. ESOP compensation expense for the years ended December 31, 2013 and 2012 was $60 and $45, respectively. | |||||||||||||||||
A summary of the ESOP shares at December 31, 2013 and 2012 is as follows: | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Allocated shares | 12,555 | 8,370 | |||||||||||||||
Shares released for allocation | 4,185 | 4,185 | |||||||||||||||
Unearned shares | 46,035 | 50,220 | |||||||||||||||
Total ESOP shares | 62,775 | 62,775 | |||||||||||||||
Fair value of unearned shares at December 31 | $ | 609 | $ | 452 | |||||||||||||
The Company is obligated at the option of each beneficiary to repurchase shares of the ESOP upon the beneficiary’s termination or after retirement. At December 31, 2013, the fair value of the 16,740 allocated shares held by the ESOP is $268. The fair value of all shares subject to the repurchase obligation is $268. | |||||||||||||||||
On May 26, 2011, the stockholders approved the Harvard Illinois Bancorp, Inc. 2011 Equity Incentive Plan (the “Equity Incentive Plan”) for employees and directors of the Company. The Equity Incentive Plan authorizes the issuance of up to 109,856 shares of the Company’s common stock, with no more than 31,387 of shares as restricted stock awards and 78,469 as stock options, either incentive stock options or non-qualified stock options. The Company believes that such awards better align the interests of its employees with those of its shareholders. The exercise price of options granted under the Equity Incentive Plan may not be less than the fair market value on the date the stock option is granted. The compensation committee of the board of directors has sole discretion to determine the amount and to whom equity incentive awards are granted. Certain option awards provide for accelerated vesting if there is a change of control (as defined in the Equity Incentive Plan). | |||||||||||||||||
On June 23, 2011, the compensation committee of the board of directors approved the awards of 73,761 options to purchase Company stock and 31,387 shares of restricted stock. Of the 73,761 stock options granted, 63,167 were qualified stock options and 10,594 were nonqualified. The remaining 4,708 shares were awarded on November 29, 2012. Stock options and restricted stock vest over a five year period, and stock options expire ten years after issuance. Apart from the vesting schedule for both stock options and restricted stock, there are no performance-based conditions or any other material conditions applicable to the awards issued. | |||||||||||||||||
The fair value of each option award is estimated on the date of grant using a Black-Scholes option valuation model that uses the assumptions noted in the following table. Expected volatility is based on historical volatility of the Company’s stock and other factors. The Company uses historical data to estimate option exercise and employee termination within the valuation model; separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. The expected term of options granted represents the period of time that options are expected to be outstanding; the range given below results from certain groups of employees exhibiting different behavior. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. | |||||||||||||||||
The weighted-average assumptions used in the Black-Scholes option pricing model for the years indicated were as follows: | |||||||||||||||||
2012 | |||||||||||||||||
Expected volatility | 47.53 | % | |||||||||||||||
Expected dividends | 0 | % | |||||||||||||||
Expected term (in years) | 7 | ||||||||||||||||
Risk-free rate | 1.04 | % | |||||||||||||||
A summary of the option activity under the Equity Incentive Plan as of December 31, 2013 and 2012, and changes during the years then ended, is presented below (dollars in thousands): | |||||||||||||||||
2013 | |||||||||||||||||
Shares | Weighted-Average Exercise Price | Weighted-Average Remaining Contractual Term | Aggregate Intrinsic Value | ||||||||||||||
Outstanding, beginning of year | 78,469 | $ | 8.27 | ||||||||||||||
Granted | — | — | |||||||||||||||
Exercised | (17,775 | ) | 8.1 | ||||||||||||||
Forfeited or expired | — | — | |||||||||||||||
Outstanding, end of year | 60,694 | $ | 8.32 | 7.59 | $ | 466 | |||||||||||
Exercisable, end of year | 12,671 | $ | 8.31 | 7.59 | $ | 97 | |||||||||||
2012 | |||||||||||||||||
Shares | Weighted-Average Exercise Price | Weighted-Average Remaining Contractual Term | Aggregate Intrinsic Value | ||||||||||||||
Outstanding, beginning of year | 73,761 | $ | 8.1 | ||||||||||||||
Granted | 4,708 | 10.95 | |||||||||||||||
Exercised | — | — | |||||||||||||||
Forfeited or expired | — | — | |||||||||||||||
Outstanding, end of year | 78,469 | $ | 8.27 | 8.59 | $ | 379 | |||||||||||
Exercisable, end of year | 14,752 | $ | 8.1 | 8.48 | $ | 74 | |||||||||||
The weighted-average grant-date fair value of options granted during 2012 was $5.36. There were no options granted during 2013. The total intrinsic value of options exercised during the year ended December 31, 2013 was $108. There were no options exercised during 2012. | |||||||||||||||||
Stock-based compensation expense for stock options for the years ended December 31, 2013 and 2012 was $66 and $60, respectively. | |||||||||||||||||
As of December 31, 2013 there was $172 of total unrecognized compensation costs related to nonvested stock options. That cost is expected to be recognized over a weighted-average period of 2.59 years. The total fair value of shares vested during the years ended December 31, 2013 and 2012 were $66 and $61, respectively. The recognized tax benefit related thereto was $22 and $21 for the years ended December 31, 2013 and 2012, respectively. | |||||||||||||||||
A summary of the status of the Company’s nonvested shares as of December 31, 2013 and 2012, and changes during the years then ended, is presented below: | |||||||||||||||||
31-Dec-13 | |||||||||||||||||
Shares | Weighted-Average Grant-Date Fair Value | ||||||||||||||||
Nonvested, beginning of year | 63,717 | $ | 4.2 | ||||||||||||||
Granted | — | — | |||||||||||||||
Vested | (15,694 | ) | 4.19 | ||||||||||||||
Forfeited | — | — | |||||||||||||||
Nonvested, end of year | 48,023 | $ | 4.21 | ||||||||||||||
31-Dec-12 | |||||||||||||||||
Shares | Weighted-Average Grant-Date Fair Value | ||||||||||||||||
Nonvested, beginning of year | 73,761 | $ | 4.11 | ||||||||||||||
Granted | 4,708 | 5.36 | |||||||||||||||
Vested | (14,752 | ) | 4.11 | ||||||||||||||
Forfeited | — | — | |||||||||||||||
Nonvested, end of year | 63,717 | $ | 4.2 | ||||||||||||||
The following table summarizes restricted stock activity for the years ended December 31, 2013 and 2012: | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Shares | Weighted Average Grant-Date Fair Value | Shares | Weighted Average Grant-Date Fair Value | ||||||||||||||
Balance, beginning of year | 29,818 | $ | 8.1 | 31,387 | $ | 8.1 | |||||||||||
Granted | — | — | — | — | |||||||||||||
Forfeited | — | — | — | — | |||||||||||||
Earned and issued | — | — | (1,569 | ) | 8.1 | ||||||||||||
Balance, end of year | 29,818 | $ | 8.1 | 29,818 | $ | 8.1 | |||||||||||
The fair value of the restricted stock awards is amortized to compensation expense over the vesting period (five years) and is based on the market price of the Company’s common stock at the date of grant multiplied by the number of shares granted that are expected to vest. At the date of grant the par value of the shares granted was recorded in equity as a credit to common stock and a debit to paid-in capital. The weighted-average grant date fair value of restricted stock granted during the year ended December 31, 2011 was $8.10 per share or $254. Stock-based compensation expense for restricted stock for the years ended December 31, 2013 and 2012 was $48 and $61, respectively. Unrecognized compensation expense for nonvested restricted stock awards was $121 at December 31, 2013 and is expected to be recognized over a weighted average period of 2.48 years. | |||||||||||||||||
Total compensation expense for both plans for the years ended December 31, 2013 and 2012 was $114 and $121, respectively. |
Note_17_Earnings_Per_Share
Note 17 - Earnings Per Share | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Earnings Per Share [Text Block] | ' | ||||||||
Note 17: Earnings Per Share | |||||||||
Earnings per share (EPS) were computed as follows: | |||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
Net income | $ | 683 | $ | 888 | |||||
Basic weighted average shares outstanding | 813,412 | 794,131 | |||||||
Less: Average unallocated ESOP shares | (47,952 | ) | (52,138 | ) | |||||
Basic average shares outstanding | 765,460 | 741,993 | |||||||
Diluted effect of stock options | 6,482 | — | |||||||
Diluted effect of restricted stock awards | 15,015 | 8,091 | |||||||
Diluted average shares outstanding | 786,957 | 750,084 | |||||||
Basic earnings per share | $ | 0.87 | $ | 1.2 | |||||
Diluted earnings per share | $ | 0.87 | $ | 1.18 | |||||
Options to purchase 78,469 shares were outstanding at December 31, 2012, but were not included in the computation of diluted earnings per share as the options were considered antidilutive for the year ended December 31, 2012. |
Note_18_Disclosures_About_Fair
Note 18 - Disclosures About Fair Value of Assets and Liabilities | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||
Note 18: Disclosures About Fair Value of Assets and Liabilities | |||||||||||||||||
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value: | |||||||||||||||||
Level 1 | Quoted prices in active markets for identical assets or liabilities | ||||||||||||||||
Level 2 | Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities | ||||||||||||||||
Level 3 | Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities | ||||||||||||||||
Recurring Measurements | |||||||||||||||||
The following table presents the fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2013 and 2012: | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Fair Value | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
December 31, 2013: | |||||||||||||||||
Available-for-sale securities: | |||||||||||||||||
US Government and federal agency | $ | 982 | $ | — | $ | 982 | $ | — | |||||||||
Mortgage-backed securities – GSE residential | 626 | — | 626 | — | |||||||||||||
State and political subdivisions | 3,429 | — | 3,429 | — | |||||||||||||
Equity securities | 508 | 28 | 480 | — | |||||||||||||
Loan servicing rights | 620 | — | — | 620 | |||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Fair Value | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
December 31, 2012: | |||||||||||||||||
Available-for-sale securities: | |||||||||||||||||
US Government and federal agency | $ | 3,185 | $ | — | $ | 3,185 | $ | — | |||||||||
Mortgage-backed securities – GSE residential | 779 | — | 779 | — | |||||||||||||
State and political subdivisions | 3,449 | — | 3,449 | — | |||||||||||||
Equity securities | 466 | 18 | 448 | — | |||||||||||||
Loan servicing rights | 412 | — | — | 412 | |||||||||||||
Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a recurring basis and recognized in the accompanying balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. There have been no significant changes in the valuation techniques during the year ended December 31, 2013. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below. | |||||||||||||||||
Available-for-sale Securities | |||||||||||||||||
Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using quoted prices of securities with similar characteristics or independent asset pricing services and pricing models, the inputs of which are market-based or independently sourced market parameters, including, but not limited to, yield curves, interest rates, volatilities, prepayments, defaults, cumulative loss projections and cash flows. Such securities are classified in Level 2 of the valuation hierarchy. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy. | |||||||||||||||||
Loan Servicing Rights | |||||||||||||||||
Loan servicing rights do not trade in an active, open market with readily observable prices. Accordingly, fair value is estimated using discounted cash flow models. Due to the nature of the valuation inputs, loan servicing rights are classified within Level 3 of the hierarchy. | |||||||||||||||||
Management measures mortgage servicing rights through the completion of a proprietary model. Inputs to the model are developed by the accounting staff and are reviewed by management. The model is tested annually using baseline data to check its accuracy. | |||||||||||||||||
Level 3 Reconciliation | |||||||||||||||||
The following is a reconciliation of the beginning and ending balances of recurring fair value measurements recognized in the accompanying balance sheet using significant unobservable (Level 3) inputs: | |||||||||||||||||
Loan | |||||||||||||||||
Servicing Rights | |||||||||||||||||
Balance, January 1, 2013 | $ | 412 | |||||||||||||||
Total realized and unrealized gains and losses included in net income | 127 | ||||||||||||||||
Servicing rights that result from asset transfers | 191 | ||||||||||||||||
Loans refinanced | (110 | ) | |||||||||||||||
Balance, December 31, 2013 | $ | 620 | |||||||||||||||
Total gains or losses for the period included in net income attributable to the change in unrealized gains or losses related to assets and liabilities still held at the reporting date | $ | — | |||||||||||||||
Loan | |||||||||||||||||
Servicing Rights | |||||||||||||||||
Balance, January 1, 2012 | $ | 310 | |||||||||||||||
Total realized and unrealized gains and losses included in net income | 15 | ||||||||||||||||
Servicing rights that result from asset transfers | 159 | ||||||||||||||||
Loans refinanced | (72 | ) | |||||||||||||||
Balance, December 31, 2012 | $ | 412 | |||||||||||||||
Total gains or losses for the period included in net income attributable to the change in unrealized gains or losses related to assets and liabilities still held at the reporting date | $ | — | |||||||||||||||
Nonrecurring Measurements | |||||||||||||||||
The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2013 and 2012: | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Fair Value | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
December 31, 2013: | |||||||||||||||||
Impaired loans (collateral dependent) | $ | 549 | $ | — | $ | — | $ | 549 | |||||||||
December 31, 2012: | |||||||||||||||||
Impaired loans (collateral dependent) | $ | 2,570 | $ | — | $ | — | $ | 2,570 | |||||||||
Foreclosed assets | 616 | — | — | 616 | |||||||||||||
Following is a description of the valuation methodologies used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below. | |||||||||||||||||
Collateral-dependent Impaired Loans, Net of ALLL | |||||||||||||||||
The estimated fair value of collateral-dependent impaired loans is based on the appraised fair value of the collateral, less estimated cost to sell. Collateral-dependent impaired loans are classified within Level 3 of the fair value hierarchy. | |||||||||||||||||
The Company considers the appraisal or evaluation as the starting point for determining fair value and then considers other factors and events in the environment that may affect the fair value. Appraisals of the collateral underlying collateral-dependent loans are obtained when the loan is determined to be collateral-dependent and subsequently as deemed necessary by management. Appraisals are reviewed for accuracy and consistency by management. | |||||||||||||||||
Appraisers are selected from the list of approved appraisers maintained by management. The appraised values are reduced by discounts to consider lack of marketability and estimated cost to sell if repayment or satisfaction of the loan is dependent on the sale of the collateral. These discounts and estimates are developed by management by comparison to historical results. Fair value adjustments on impaired loans were $(55) at December 31, 2013 compared to $(65) at December 31, 2012. | |||||||||||||||||
Foreclosed Assets | |||||||||||||||||
Foreclosed assets consist primarily of real estate owned. Real estate owned (OREO) is carried at the lower of fair value at acquisition date or current estimated fair value, less estimated cost to sell when the real estate is acquired. Estimated fair value of OREO is based on appraisals or evaluations. OREO is classified within Level 3 of the fair value hierarchy. | |||||||||||||||||
Appraisals of OREO are obtained when the real estate is acquired and subsequently as deemed necessary. Appraisals are reviewed for accuracy and consistency. Appraisers are selected from the list of approved appraisers maintained by management. Fair value adjustments on foreclosed assets were $0 at December 31, 2013 compared to $(209) at December 31, 2012. | |||||||||||||||||
Unobservable (Level 3) Inputs | |||||||||||||||||
The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements. | |||||||||||||||||
Fair Value at December 31, 2013 | Valuation Technique | Unobservable Inputs | Range | ||||||||||||||
(Weighted Average) | |||||||||||||||||
Collateral-dependent impaired loans | $ | 549 | Market comparable properties | Marketability discount | 20% | - | 40% | -25% | |||||||||
Mortgage servicing rights | 620 | Discounted cash flow | Discount rate | 8% | - | 12.50% | -10.43% | ||||||||||
PSA standard prepayment model rate | 100 | - | 369 | -194 | |||||||||||||
Fair Value at December 31, 2012 | Valuation Technique | Unobservable Inputs | Range | ||||||||||||||
(Weighted Average) | |||||||||||||||||
Collateral-dependent impaired loans | $ | 2,570 | Market comparable properties | Marketability discount | 10% | - | 30% | -22% | |||||||||
Foreclosed assets | 616 | Market comparable properties | Comparability adjustments (%) | 10% | - | 40% | -27% | ||||||||||
Mortgage servicing rights | 412 | Discounted cash flow | Discount rate | 9% | - | 11% | -10% | ||||||||||
PSA standard prepayment model rate | 421 | ||||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||
The following table presents estimated fair values of the Company’s other financial instruments and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2013 and 2012 | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Carrying Amount | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
31-Dec-13 | |||||||||||||||||
Financial assets | |||||||||||||||||
Cash and cash equivalents | $ | 28,089 | $ | 28,089 | $ | — | $ | — | |||||||||
Interest-bearing deposits with other financial institutions | 6,240 | — | 6,240 | — | |||||||||||||
Held-to-maturity securities | 833 | — | 839 | — | |||||||||||||
Loans, net of allowance for loan losses | 116,858 | — | 119,462 | — | |||||||||||||
Federal Home Loan Bank stock | 870 | — | 870 | — | |||||||||||||
Accrued interest receivable | 786 | — | 786 | — | |||||||||||||
Financial liabilities | |||||||||||||||||
Deposits | 133,750 | — | 130,206 | — | |||||||||||||
Federal Home Loan Bank advances | 12,206 | — | 12,377 | — | |||||||||||||
Advances from borrowers for taxes and insurance | 358 | — | 358 | — | |||||||||||||
Accrued interest payable | 19 | — | 19 | — | |||||||||||||
Unrecognized financial instruments (net of contract amount) | |||||||||||||||||
Commitments to originate loans | — | — | — | — | |||||||||||||
Letters of credit | — | — | — | — | |||||||||||||
Lines of credit | — | — | — | — | |||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Carrying Amount | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
31-Dec-12 | |||||||||||||||||
Financial assets | |||||||||||||||||
Cash and cash equivalents | $ | 22,859 | $ | 22,859 | $ | — | $ | — | |||||||||
Interest-bearing deposits with other financial institutions | 9,126 | — | 9,126 | — | |||||||||||||
Held-to-maturity securities | 1,263 | — | 1,314 | — | |||||||||||||
Loans, net of allowance for loan losses | 114,976 | — | 117,099 | — | |||||||||||||
Federal Home Loan Bank stock | 1,404 | — | 1,404 | — | |||||||||||||
Accrued interest receivable | 612 | — | 612 | — | |||||||||||||
Financial liabilities | |||||||||||||||||
Deposits | 133,985 | — | 136,816 | — | |||||||||||||
Federal Home Loan Bank advances | 12,357 | — | 12,682 | — | |||||||||||||
Advances from borrowers for taxes and insurance | 382 | — | 382 | — | |||||||||||||
Accrued interest payable | 29 | — | 29 | — | |||||||||||||
Unrecognized financial instruments (net of contract amount) | |||||||||||||||||
Commitments to originate loans | — | — | — | — | |||||||||||||
Letters of credit | — | — | — | — | |||||||||||||
Lines of credit | — | — | — | — | |||||||||||||
The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying consolidated balance sheets at amounts other than fair value. | |||||||||||||||||
Cash and Cash Equivalents, Interest-Bearing Deposits with Other Institutions, Federal Home Loan Bank Stock, Accrued Interest Receivable, Accrued Interest Payable and Advances from Borrowers for Taxes and Insurance | |||||||||||||||||
The carrying amount approximates fair value. | |||||||||||||||||
Held-to-maturity Securities | |||||||||||||||||
Fair value is based on quoted market prices, if available. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. | |||||||||||||||||
Loans | |||||||||||||||||
The fair value of loans is 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 maturities. Loans with similar characteristics were aggregated for purposes of the calculations. | |||||||||||||||||
Deposits | |||||||||||||||||
Deposits include demand deposits, savings accounts, NOW accounts and certain money market deposits. The carrying amount approximates fair value. The fair value of fixed-maturity time deposits is estimated using a discounted cash flow calculation that applies the rates currently offered for deposits of similar remaining maturities. | |||||||||||||||||
Federal Home Loan Bank Advances | |||||||||||||||||
Rates currently available to the Company for debt with similar terms and remaining maturities are used to estimate the fair value of existing debt. | |||||||||||||||||
Commitments to Originate Loans, Letters of Credit and Lines of Credit | |||||||||||||||||
The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair values of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date. |
Note_19_Significant_Estimates_
Note 19 - Significant Estimates and Concentrations | 12 Months Ended |
Dec. 31, 2013 | |
Risks and Uncertainties [Abstract] | ' |
Concentration Risk Disclosure [Text Block] | ' |
Note 19: Significant Estimates and Concentrations | |
Accounting principles generally accepted in the United States of America require disclosure of certain significant estimates and current vulnerabilities due to certain concentrations. Estimates related to the allowance for loan losses are reflected in the footnote regarding loans. Current vulnerabilities due to certain concentrations of credit risk are discussed in the footnote on commitments and credit risk. Other significant estimates and concentrations not discussed in those footnotes include: | |
General Litigation | |
The Company is subject to claims and lawsuits that arise primarily in the ordinary course of business. It is the opinion of management that the disposition or ultimate resolution of such claims and lawsuits will not have a material adverse effect on the consolidated financial position, results of operations and cash flows of the Company. | |
Investments | |
The Company invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such change could materially affect the amounts reported in the accompanying consolidated balance sheet. | |
Deferred Income Taxes | |
The Company has maintained net deferred tax assets for deductible temporary differences. The Company evaluated the recoverability of the deferred tax asset and established a valuation allowance of $129 for certain capital loss carryforwards that are not expected to be fully recognized. Management believes that it is more likely than not that the remainder of the deferred tax assets will be fully realized. The Company has determined that no further valuation allowance is required for any other deferred tax assets as of December 31, 2013, although there is no guarantee that those assets will be recognizable in future periods. | |
Current Economic Conditions | |
At December 31, 2013 and 2012, the Company held $24,343 and $20,096 in agricultural production loans and $13,900 and $11,765, respectively in agricultural real estate loans in the Company’s geographic lending area. Generally, those loans are collateralized by assets of the borrower. The loans are expected to be repaid from cash flows or from proceeds of sale of related assets of the borrower. Declines in prices for corn, beans, livestock and farm land could significantly affect the repayment ability for many agricultural loan customers. | |
At December 31, 2013 and 2012, the Company held $19,244 and $19,989 in commercial real estate loans and $354 and $1,837 in loans collateralized by commercial and development real estate in the Company’s geographic lending area. Due to national, state and local economic conditions, values for commercial and development real estate have declined significantly, and the market for these properties is depressed. | |
The accompanying financial statements have been prepared using values and information currently available to the Company. |
Note_20_Commitments_and_Credit
Note 20 - Commitments and Credit Risk | 12 Months Ended |
Dec. 31, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
Note 20: Commitments and Credit Risk | |
The Company generates commercial, mortgage and consumer loans and receives deposits from customers located primarily in McHenry, Grundy, and to a lesser extent Boone Counties, Illinois and Walworth County in Wisconsin. The Company’s loans are generally secured by specific items of collateral including real property, consumer assets and business assets. Although the Company has a diversified loan portfolio, a substantial portion of its debtors’ ability to honor their contracts is dependent upon economic conditions in the Company’s markets. | |
Commitments to Originate Loans | |
Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since a portion of the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Each customer’s creditworthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management’s credit evaluation of the counterparty. Collateral held varies, but may include accounts receivable, inventory, property, plant and equipment, commercial real estate and residential real estate. | |
At December 31, 2013 and 2012, the Company had outstanding commitments to originate loans aggregating approximately $784 and $1,684, respectively. The commitments extended over varying periods of time with the majority being disbursed within a one-year period. Loan commitments at fixed rates of interest amounted to $784 and $50 at December 31, 2013 and 2012, respectively, with the remainder at floating market rates. The range of fixed rates was 4.50% to 6.00% at December 31, 2013 and 4% to 4.75% as of December 31, 2012. | |
Standby Letters of Credit | |
Standby letters of credit are irrevocable conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Financial standby letters of credit are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing and similar transactions. Performance standby letters of credit are issued to guarantee performance of certain customers under non-financial contractual obligations. The credit risk involved in issuing standby letters of credit is essentially the same as that involved in extending loans to customers. Should the Company be obligated to perform under the standby letters of credit, the Company may seek recourse from the customer for reimbursement of amounts paid. | |
The Company had total outstanding standby letters of credit amounting to $130 and $6 at December 31, 2013 and 2012, respectively. The term of the standby letters of credit outstanding at December 31, 2013 expire in 2014. At December 31, 2013 and 2012, the Company’s deferred revenue under standby letters of credit agreements was nominal. | |
Lines of Credit | |
Lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Lines of credit generally have fixed expiration dates. Since a portion of the line may expire without being drawn upon, the total unused lines do not necessarily represent future cash requirements. Each customer’s creditworthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management’s credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, commercial real estate and residential real estate. Management uses the same credit policies in granting lines of credit as it does for on-balance-sheet instruments. | |
At December 31, 2013, the Company had granted unused lines of credit to borrowers aggregating approximately $10,784 and $4,296 from commercial lines and open-end consumer lines, respectively. At December 31, 2012, the Company had granted unused lines of credit to borrowers aggregating approximately $10,884 and $4,866 for commercial lines and open-end consumer lines, respectively. | |
Other Credit Risk | |
The Company had a concentration of funds on deposit with the Federal Home Loan Bank totaling $1,260 and $2,743 at December 31, 2013 and 2012, respectively. | |
The Company had a concentration of funds in securities purchased under agreements to resell with First Farmers Financial, LLC totaling $14,811 at December 31, 2013. The remainder of the agreements totaling $10,306 as of December 31, 2013 were with HEC Opportunity Fund LLC, Coastal Securities, ESI Investors III LLC and BCM High Income Fund, LP. | |
The Company had a concentration of funds in securities purchased under agreements to resell with Coastal Securities totaling $10,508 at December 31, 2012. The remainder of the agreements totaling $8,506 as of December 31, 2012 were with HEC Opportunity Fund LLC and BCM High Income Fund, LP. |
Note_21_Condensed_Financial_In
Note 21 - Condensed Financial Information (Parent Company Only) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | ||||||||
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | ' | ||||||||
Note 21: Condensed Financial Information (Parent Company Only) | |||||||||
Presented below is condensed financial information as to financial position, results of operations and cash flows of the Company: | |||||||||
Condensed Balance Sheets | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Assets | |||||||||
Cash and due from banks | $ | 1,256 | $ | 947 | |||||
Investment in common stock of subsidiary | 18,596 | 18,038 | |||||||
ESOP loan | 484 | 521 | |||||||
Other assets | 134 | 136 | |||||||
Total assets | $ | 20,470 | $ | 19,642 | |||||
Liabilities | |||||||||
Other liabilities | $ | 24 | $ | 25 | |||||
Total liabilities | 24 | 25 | |||||||
Stockholders' Equity | 20,446 | 19,617 | |||||||
Total liabilities and stockholders' equity | $ | 20,470 | $ | 19,642 | |||||
Condensed Statements of Income and Comprehensive Income | |||||||||
Years Ending December 31, | |||||||||
2013 | 2012 | ||||||||
Income | |||||||||
Dividends from subsidiary | $ | 373 | $ | 1,114 | |||||
Interest on ESOP loan | 17 | 18 | |||||||
Losses on other-than-temporary impairment of equity securities | — | (1 | ) | ||||||
Total income | 390 | 1,131 | |||||||
Expense | |||||||||
Noninterest expense | 286 | 385 | |||||||
Income Before Income Tax and Equity in Undistributed Income of Subsidiary | 104 | 746 | |||||||
Benefit for Income Taxes | (92 | ) | (123 | ) | |||||
Income Before Equity in Undistributed Income of Subsidiary | 196 | 869 | |||||||
Equity in Undistributed Income of Subsidiary | 487 | 19 | |||||||
Net Income | $ | 683 | $ | 888 | |||||
Comprehensive Income | $ | 692 | $ | 872 | |||||
Condensed Statements of Cash Flows | |||||||||
Years Ending December 31, | |||||||||
2013 | 2012 | ||||||||
Cash flows from operating activities | |||||||||
Net income | $ | 683 | $ | 888 | |||||
Adjustments | |||||||||
Loss on other-than-temporary impairment of equity securities | — | 1 | |||||||
ESOP compensation expense | 60 | 45 | |||||||
Stock-based compensation expense | 114 | 121 | |||||||
Equity in undistributed subsidiary income | (487 | ) | (19 | ) | |||||
Change in other assets | (164 | ) | (228 | ) | |||||
Change in other liabilities | (1 | ) | 25 | ||||||
Net cash provided by operating activities | 205 | 833 | |||||||
Cash flows from investing activities | |||||||||
Payments on ESOP loan | 36 | 35 | |||||||
Net cash provided by investing activities | 36 | 35 | |||||||
Cash flows from financing activities | |||||||||
Dividends paid | (77 | ) | — | ||||||
Stock options exercised | 145 | — | |||||||
Net cash provided by financing activities | 68 | — | |||||||
Net Change in Cash and Cash Equivalents | 309 | 868 | |||||||
Cash and Cash Equivalents at Beginning of Year | 947 | 79 | |||||||
Cash and Cash Equivalents at End of Year | $ | 1,256 | $ | 947 | |||||
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Accounting Policies [Abstract] | ' | |||
Basis of Accounting, Policy [Policy Text Block] | ' | |||
Nature of Operations | ||||
Harvard Illinois Bancorp, Inc. (Company) owns 100% of the outstanding shares of common stock of Harvard Savings Bank (Bank). The Company is primarily engaged in providing a full range of banking and mortgage services to individual and corporate customers in McHenry, Grundy, and to a lesser extent Boone Counties, Illinois and Walworth County in Wisconsin. The Company and Bank are subject to competition from other financial institutions. The Company and Bank also are subject to the regulation of certain federal and state agencies and undergoes periodic examinations by those regulatory authorities. | ||||
Consolidation, Policy [Policy Text Block] | ' | |||
Principles of Consolidation | ||||
The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Harvard Savings Bank. All significant intercompany accounts and transactions have been eliminated in consolidation. | ||||
Segment Reporting, Policy [Policy Text Block] | ' | |||
Operating Segment | ||||
The Company provides community banking services, including such products and services as loans, certificates of deposits, savings accounts, mortgage originations and brokerage services. These activities are reported as a single operating segment. | ||||
The Company does not derive revenues from, or have assets located in, foreign countries, nor does it derive revenues from any single customer that represents 10% or more of the Company’s total revenues. | ||||
Use of Estimates, Policy [Policy Text Block] | ' | |||
Use of Estimates | ||||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | ||||
Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, loan servicing rights, valuation of deferred taxes and other-than-temporary impairment (OTTI) and fair values of securities. | ||||
Cash and Cash Equivalents, Policy [Policy Text Block] | ' | |||
Cash Equivalents | ||||
The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 2013 and 2012, cash equivalents consisted primarily of interest-bearing demand deposits and securities purchased under agreements to resell. | ||||
At December 31, 2013 and 2012, none of the Company’s cash accounts exceeded federally insured limits. | ||||
Deposit Contracts, Policy [Policy Text Block] | ' | |||
Interest-bearing Deposits With Other Financial Institutions | ||||
Interest-bearing deposits with other financial institutions have original maturities of more than three months to five years and are carried at cost. | ||||
Marketable Securities, Policy [Policy Text Block] | ' | |||
Securities | ||||
Certain debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and recorded at amortized cost. Securities not classified as held to maturity are classified as “available for sale” and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income. Purchase premiums and discounts are recognized in interest income using a method that approximates the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. | ||||
For debt securities with fair value below amortized cost when the Company does not intend to sell a debt security, and it is more likely than not, the Company will not have to sell the security before recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. For held-to-maturity debt securities, the amount of an other-than-temporary impairment recorded in other comprehensive income for the noncredit portion of a previous other-than-temporary impairment is amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security. | ||||
For equity securities, when the Company has decided to sell an impaired available-for-sale security and the entity does not expect the fair value of the security to fully recover before the expected time of sale, the security is deemed other-than-temporarily impaired in the period in which the decision to sell is made. The Company recognizes an impairment loss when the impairment is deemed other than temporary even if a decision to sell has not been made. | ||||
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block] | ' | |||
Loans Held for Sale | ||||
Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to noninterest income. Gains and losses on loan sales are recorded in noninterest income. | ||||
Finance, Loans and Leases Receivable, Policy [Policy Text Block] | ' | |||
Loans | ||||
Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoffs are reported at their outstanding principal balances adjusted for unearned income, charge-offs, the allowance for loan losses, and any unamortized deferred fees or costs on originated loans. | ||||
For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. | ||||
The accrual of interest on loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. | ||||
All interest accrued but not collected for loans that are placed on nonaccrual or charged off are reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. | ||||
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | ' | |||
Allowance for Loan Losses | ||||
The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. | ||||
The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. | ||||
The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers nonclassified loans and is based on historical charge-off experience and expected loss given default derived from the Company’s internal risk rating process. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. | ||||
A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. | ||||
Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Accordingly, the Company does not separately identify individual consumer loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. | ||||
Property, Plant and Equipment, Policy [Policy Text Block] | ' | |||
Premises and Equipment | ||||
Depreciable assets are stated at cost less accumulated depreciation. Depreciation is charged to expense using the straight-line method over the estimated useful lives of the assets. | ||||
The estimated useful lives for each major depreciable classification of premises and equipment are as follows: | ||||
Buildings and improvements (years) | 5 | - | 50 | |
Equipment (years) | 3 | - | 10 | |
Federal Home Loan Bank Stock [Policy Text Block] | ' | |||
Federal Home Loan Bank Stock | ||||
Federal Home Loan Bank stock is a required investment for institutions that are members of the Federal Home Loan Bank system. The required investment in the common stock is based on a predetermined formula. | ||||
Finance, Loan and Lease Receivables, Held for Investments, Foreclosed Assets Policy [Policy Text Block] | ' | |||
Foreclosed Assets Held for Sale | ||||
Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less cost to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in net income or expense from foreclosed assets. | ||||
Bank-owned Life Insurance [Policy Text Block] | ' | |||
Bank-owned Life Insurance | ||||
Bank-owned life insurance policies are reflected on the consolidated balance sheets at the estimated cash surrender value. Changes in the cash surrender value are reflected in noninterest income in the consolidated statements of income. | ||||
Fee Income [Policy Text Block] | ' | |||
Fee Income | ||||
Loan origination fees, net of direct origination costs, are recognized as income using the level-yield method over the term of the loans. Brokerage commissions represent fees earned on brokerage activities and are recognized when earned. | ||||
Loan Servicing Rights [Policy Text Block] | ' | |||
Loan Servicing Rights | ||||
Loan servicing assets are recognized separately when rights are acquired through purchase or through sale of financial assets. Under the servicing assets and liabilities accounting guidance (ASC 860-50), servicing rights resulting from the sale or securitization of loans originated by the Company are initially measured at fair value at the date of transfer. The Company subsequently measures each class of servicing asset using either the fair value or the amortization method. The Company has elected to initially and subsequently measure the loan servicing rights for consumer and agricultural loans using the fair value method. Under the fair value method, the servicing rights are carried in the balance sheet at fair value and the changes in fair value are reported in earnings in the period in which the changes occur. | ||||
Fair value is based on market prices for comparable loan servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. These variables change from quarter to quarter as market conditions and projected interest rates change, and may have an adverse impact on the value of the loan servicing right and may result in a reduction to noninterest income. | ||||
Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when received in loan servicing fees in non-interest income. | ||||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' | |||
Stock Options | ||||
At December 31, 2013, the Company has a stock-based employee compensation plan, which is described more fully in Note 16. | ||||
Transfers and Servicing of Financial Assets, Policy [Policy Text Block] | ' | |||
Transfers of Financial Assets | ||||
Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company—put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) 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 (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. | ||||
Income Tax, Policy [Policy Text Block] | ' | |||
Income Taxes | ||||
The Company accounts for income taxes in accordance with income tax accounting guidance (ASC 740, Income Taxes). The income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. | ||||
Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. | ||||
Tax positions are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. With a few exceptions, the Company is no longer subject to U.S. federal, state and local or non-U.S. income tax examinations by tax authorities for years before 2010. | ||||
The Company recognizes interest and penalties on income taxes as a component of income tax expense. | ||||
The Company files consolidated income tax returns with its subsidiary. | ||||
Earnings Per Share, Policy [Policy Text Block] | ' | |||
Earnings Per Share | ||||
Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during each year. Diluted earnings per share reflects additional potential 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. Potential common shares that may be issued by the Company relate solely to outstanding stock options and restricted stock awards and are determined using the treasury stock method. | ||||
Comprehensive Income, Policy [Policy Text Block] | ' | |||
Comprehensive Income | ||||
Comprehensive income consists of net income and other comprehensive income, net of applicable income taxes. Other comprehensive income includes unrealized appreciation (depreciation) on available-for-sale securities. | ||||
Fair Value Transfer, Policy [Policy Text Block] | ' | |||
Transfers Between Fair Value Hierarchy Levels | ||||
Transfers in and out of Level 1 (quoted market prices), Level 2 (other significant observable inputs) and Level 3 (significant unobservable inputs) are recognized on the period ending date. | ||||
New Accounting Pronouncements, Policy [Policy Text Block] | ' | |||
Recent and Future Accounting Requirements | ||||
In July 2013, the FASB issued guidance within ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The amendments in ASU 2013-11 to Topic 740, Income Taxes, provide guidance on the financial statement presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of this guidance is not expected to have a material impact on the Company’s Consolidated Financial Statements. | ||||
In January 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-04, Troubled Debt Restructurings by Creditors (Subtopic 310-40: Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure, which affects all creditors who obtain physical possession (resulting from an in substance repossession or foreclosure) of residential real estate property collateralizing a consumer mortgage loan in satisfaction of a receivable. The ASU is effective for annual periods beginning after December 15, 2014, and interim periods within annual periods beginning after December 15, 2015 which the entity’s annual or interim financial statements have not been made available for issuance. The adoption of this guidance is not expected to have a material impact on the Company’s Consolidated Financial Statements. |
Note_1_Nature_of_Operations_an1
Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Disclosure Text Block [Abstract] | ' | |||
Schedule of Estimated Useful Lives of Premises and Equipment [Table Text Block] | ' | |||
Buildings and improvements (years) | 5 | - | 50 | |
Equipment (years) | 3 | - | 10 |
Note_2_Securities_Tables
Note 2 - Securities (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investment Holdings [Abstract] | ' | ||||||||||||||||||||||||
Marketable Securities [Table Text Block] | ' | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Available-for-sale Securities: | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
U.S. Government and federal agency | $ | 990 | $ | — | $ | (8 | ) | $ | 982 | ||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||
Government-sponsored enterprises (GSE) – residential | 614 | 12 | — | 626 | |||||||||||||||||||||
State and political subdivisions | 3,461 | 7 | (39 | ) | 3,429 | ||||||||||||||||||||
Equity securities | 455 | 53 | — | 508 | |||||||||||||||||||||
$ | 5,520 | $ | 72 | $ | (47 | ) | $ | 5,545 | |||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Available-for-sale Securities: | |||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
U.S. Government and federal agency | $ | 3,194 | $ | 5 | $ | (14 | ) | $ | 3,185 | ||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||
Government-sponsored enterprises (GSE) – residential | 758 | 21 | — | 779 | |||||||||||||||||||||
State and political subdivisions | 3,467 | 5 | (23 | ) | 3,449 | ||||||||||||||||||||
Equity securities | 450 | 16 | — | 466 | |||||||||||||||||||||
$ | 7,869 | $ | 47 | $ | (37 | ) | $ | 7,879 | |||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Held-to-maturity Securities: | |||||||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
U.S. Government agencies | $ | 500 | $ | 2 | $ | — | $ | 502 | |||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||
Government-sponsored enterprises (GSE) – residential | 13 | 1 | — | 14 | |||||||||||||||||||||
Private-label residential | 320 | 3 | — | 323 | |||||||||||||||||||||
$ | 833 | $ | 6 | $ | — | $ | 839 | ||||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Held-to-maturity Securities: | |||||||||||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||
U.S. Government agencies | $ | 500 | $ | 21 | $ | — | $ | 521 | |||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||
Government-sponsored enterprises (GSE) – residential | 17 | 1 | — | 18 | |||||||||||||||||||||
Private-label residential | 746 | 29 | — | 775 | |||||||||||||||||||||
$ | 1,263 | $ | 51 | $ | — | $ | 1,314 | ||||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | ||||||||||||||||||||||||
Available-for-sale | Held-to-maturity | ||||||||||||||||||||||||
Amortized | Fair | Amortized | Fair | ||||||||||||||||||||||
Cost | Value | Cost | Value | ||||||||||||||||||||||
Within one year | $ | 646 | $ | 646 | $ | 500 | $ | 502 | |||||||||||||||||
One to five years | 2,957 | 2,941 | — | — | |||||||||||||||||||||
Five to ten years | 848 | 824 | — | — | |||||||||||||||||||||
After ten years | — | — | — | — | |||||||||||||||||||||
4,451 | 4,411 | 500 | 502 | ||||||||||||||||||||||
Mortgage-backed securities | 614 | 626 | 333 | 337 | |||||||||||||||||||||
Equity securities | 455 | 508 | — | — | |||||||||||||||||||||
Totals | $ | 5,520 | $ | 5,545 | $ | 833 | $ | 839 | |||||||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Description of | Fair Value | Unrealized | Fair Value | Unrealized | Fair Value | Unrealized | |||||||||||||||||||
Securities | Losses | Losses | Losses | ||||||||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
U.S. government and federal agency | $ | 500 | $ | (1 | ) | $ | 482 | $ | (7 | ) | $ | 982 | $ | (8 | ) | ||||||||||
State and political subdivisions | 555 | (13 | ) | 755 | (26 | ) | 1,310 | (39 | ) | ||||||||||||||||
Total temporarily impaired securities | $ | 1,055 | $ | (14 | ) | $ | 1,237 | $ | (33 | ) | $ | 2,292 | $ | (47 | ) | ||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Description of | Fair Value | Unrealized | Fair Value | Unrealized | Fair Value | Unrealized | |||||||||||||||||||
Securities | Losses | Losses | Losses | ||||||||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
U.S. government and federal agency | $ | 472 | $ | (14 | ) | $ | — | $ | — | $ | 472 | $ | (14 | ) | |||||||||||
State and political subdivisions | 2,374 | (23 | ) | — | — | 2,374 | (23 | ) | |||||||||||||||||
Total temporarily impaired securities | $ | 2,846 | $ | (37 | ) | $ | — | $ | — | $ | 2,846 | $ | (37 | ) |
Note_3_Securities_Purchased_Un1
Note 3 - Securities Purchased Under Agreements to Resell (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Schedule of Resale Agreements [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
ESI Investors III, LLC | $ | 1,500 | $ | — | |||||
BCM High Income Fund, LP | 6,040 | 8,053 | |||||||
HEC Opportunity Fund LLC | 500 | 453 | |||||||
Coastal Securities | 2,266 | 10,508 | |||||||
First Farmers Financial, LLC | 14,811 | — | |||||||
Total | $ | 25,117 | $ | 19,014 |
Note_4_Loans_and_Allowance_for1
Note 4 - Loans and Allowance for Loan Losses (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Mortgage loans on real estate | |||||||||||||||||||||||||||||
One-to-four family | $ | 39,489 | $ | 41,842 | |||||||||||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 7,749 | 9,431 | |||||||||||||||||||||||||||
Multi-family residential | 117 | 51 | |||||||||||||||||||||||||||
Commercial | 19,244 | 19,989 | |||||||||||||||||||||||||||
Farmland | 13,900 | 11,765 | |||||||||||||||||||||||||||
Construction and land development | 354 | 1,837 | |||||||||||||||||||||||||||
Total mortgage loans on real estate | 80,853 | 84,915 | |||||||||||||||||||||||||||
Commercial and industrial | 6,424 | 5,407 | |||||||||||||||||||||||||||
Agricultural | 24,343 | 20,096 | |||||||||||||||||||||||||||
Purchased indirect automobile, net of dealer reserve | 7,616 | 6,987 | |||||||||||||||||||||||||||
Other consumer | 115 | 117 | |||||||||||||||||||||||||||
119,351 | 117,522 | ||||||||||||||||||||||||||||
Less | |||||||||||||||||||||||||||||
Loans in process | 26 | — | |||||||||||||||||||||||||||
Net deferred loan fees and costs | (8 | ) | (4 | ) | |||||||||||||||||||||||||
Allowance for loan losses | 2,475 | 2,550 | |||||||||||||||||||||||||||
Net loans | $ | 116,858 | $ | 114,976 | |||||||||||||||||||||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Mortgage Loans on Real Estate | |||||||||||||||||||||||||||||
1-4 Family | HELOC and | Multi-Family Residential | Commercial | Farmland | Construction | ||||||||||||||||||||||||
2nd Mortgage | and Land Development | ||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance, beginning of year | $ | 668 | $ | 333 | $ | 3 | $ | 530 | $ | 176 | $ | 275 | |||||||||||||||||
Provision charged to expense | 277 | 54 | 3 | 164 | 32 | (141 | ) | ||||||||||||||||||||||
Losses charged off | (330 | ) | (69 | ) | — | — | — | (151 | ) | ||||||||||||||||||||
Recoveries | 29 | — | — | — | — | 17 | |||||||||||||||||||||||
Balance, end of year | $ | 644 | $ | 318 | $ | 6 | $ | 694 | $ | 208 | $ | — | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 63 | $ | 29 | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 581 | $ | 289 | $ | 6 | $ | 694 | $ | 208 | $ | — | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 39,489 | $ | 7,749 | $ | 117 | $ | 19,244 | $ | 13,900 | $ | 354 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 2,284 | $ | 120 | $ | — | $ | — | $ | — | $ | 354 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 37,205 | $ | 7,629 | $ | 117 | $ | 19,244 | $ | 13,900 | $ | — | |||||||||||||||||
2013 (Continued) | |||||||||||||||||||||||||||||
Commercial | Agricultural | Purchased | Other | Unallocated | Total | ||||||||||||||||||||||||
and Industrial | Indirect | Consumer | |||||||||||||||||||||||||||
Automobile, | |||||||||||||||||||||||||||||
Net | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance, beginning of year | $ | 151 | $ | 301 | $ | 112 | $ | 1 | $ | — | $ | 2,550 | |||||||||||||||||
Provision charged to expense | (41 | ) | 76 | 35 | (6 | ) | — | 453 | |||||||||||||||||||||
Losses charged off | — | — | (33 | ) | — | — | (583 | ) | |||||||||||||||||||||
Recoveries | — | — | 3 | 6 | — | 55 | |||||||||||||||||||||||
Balance, end of year | $ | 110 | $ | 377 | $ | 117 | $ | 1 | $ | — | $ | 2,475 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 3 | $ | — | $ | 1 | $ | — | $ | — | $ | 96 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 107 | $ | 377 | $ | 116 | $ | 1 | $ | — | $ | 2,379 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 6,424 | $ | 24,343 | $ | 7,616 | $ | 115 | $ | — | $ | 119,351 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 3 | $ | — | $ | 4 | $ | — | $ | — | $ | 2,765 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 6,421 | $ | 24,343 | $ | 7,612 | $ | 115 | $ | — | $ | 116,586 | |||||||||||||||||
2012 | |||||||||||||||||||||||||||||
Mortgage Loans on Real Estate | |||||||||||||||||||||||||||||
1-4 Family | HELOC and | Multi-Family Residential | Commercial | Farmland | Construction | ||||||||||||||||||||||||
2nd Mortgage | and Land Development | ||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance, beginning of year | $ | 549 | $ | 248 | $ | 287 | $ | 533 | $ | 143 | $ | 374 | |||||||||||||||||
Provision charged to expense | 484 | 109 | (284 | ) | (3 | ) | 33 | 73 | |||||||||||||||||||||
Losses charged off | (365 | ) | (24 | ) | — | — | — | (172 | ) | ||||||||||||||||||||
Recoveries | — | — | — | — | — | — | |||||||||||||||||||||||
Balance, end of year | $ | 668 | $ | 333 | $ | 3 | $ | 530 | $ | 176 | $ | 275 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 112 | $ | 48 | $ | — | $ | 81 | $ | — | $ | 176 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 556 | $ | 285 | $ | 3 | $ | 449 | $ | 176 | $ | 99 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 41,842 | $ | 9,431 | $ | 51 | $ | 19,989 | $ | 11,765 | $ | 1,837 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 2,484 | $ | 166 | $ | — | $ | 1,482 | $ | — | $ | 851 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 39,358 | $ | 9,265 | $ | 51 | $ | 18,507 | $ | 11,765 | $ | 986 | |||||||||||||||||
2012 (Continued) | |||||||||||||||||||||||||||||
Commercial | Agricultural | Purchased | Other | Unallocated | Total | ||||||||||||||||||||||||
and Industrial | Indirect | Consumer | |||||||||||||||||||||||||||
Automobile, | |||||||||||||||||||||||||||||
Net | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance, beginning of year | $ | 125 | $ | 215 | $ | 95 | $ | 6 | $ | — | $ | 2,575 | |||||||||||||||||
Provision charged to expense | 42 | 86 | 66 | (7 | ) | — | 599 | ||||||||||||||||||||||
Losses charged off | (16 | ) | — | (59 | ) | — | — | (636 | ) | ||||||||||||||||||||
Recoveries | — | — | 10 | 2 | — | 12 | |||||||||||||||||||||||
Balance, end of year | $ | 151 | $ | 301 | $ | 112 | $ | 1 | $ | — | $ | 2,550 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 7 | $ | — | $ | 7 | $ | — | $ | — | $ | 431 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 144 | $ | 301 | $ | 105 | $ | 1 | $ | — | $ | 2,119 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 5,407 | $ | 20,096 | $ | 6,987 | $ | 117 | $ | — | $ | 117,522 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 7 | $ | — | $ | 25 | $ | — | $ | — | $ | 5,015 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 5,400 | $ | 20,096 | $ | 6,962 | $ | 117 | $ | — | $ | 112,507 | |||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Mortgage Loans on Real Estate | |||||||||||||||||||||||||||||
1-4 Family | HELOC and | Multi-Family Residential | Commercial | Farmland | Construction | ||||||||||||||||||||||||
2nd Mortgage | and Land Development | ||||||||||||||||||||||||||||
Pass | $ | 33,676 | $ | 6,557 | $ | 117 | $ | 13,931 | $ | 13,789 | $ | — | |||||||||||||||||
Watch | 2,100 | 334 | — | 2,328 | 111 | — | |||||||||||||||||||||||
Special Mention | 1,429 | 738 | — | 2,985 | — | — | |||||||||||||||||||||||
Substandard | 2,284 | 120 | — | — | — | 354 | |||||||||||||||||||||||
Total | $ | 39,489 | $ | 7,749 | $ | 117 | $ | 19,244 | $ | 13,900 | $ | 354 | |||||||||||||||||
2013 (Continued) | |||||||||||||||||||||||||||||
Commercial | Agricultural | Purchased | Other | Total | |||||||||||||||||||||||||
and Industrial | Indirect | Consumer | |||||||||||||||||||||||||||
Automobile, | |||||||||||||||||||||||||||||
Net | |||||||||||||||||||||||||||||
Pass | $ | 6,106 | $ | 24,131 | $ | 7,612 | $ | 115 | $ | 106,034 | |||||||||||||||||||
Watch | 315 | 212 | — | — | 5,400 | ||||||||||||||||||||||||
Special Mention | — | — | — | — | 5,152 | ||||||||||||||||||||||||
Substandard | 3 | — | 4 | — | 2,765 | ||||||||||||||||||||||||
Total | $ | 6,424 | $ | 24,343 | $ | 7,616 | $ | 115 | $ | 119,351 | |||||||||||||||||||
2012 | |||||||||||||||||||||||||||||
Mortgage Loans on Real Estate | |||||||||||||||||||||||||||||
1-4 Family | HELOC and | Multi-Family Residential | Commercial | Farmland | Construction | ||||||||||||||||||||||||
2nd Mortgage | and Land Development | ||||||||||||||||||||||||||||
Pass | $ | 37,027 | $ | 9,012 | $ | 51 | $ | 16,036 | $ | 11,765 | $ | 986 | |||||||||||||||||
Watch | 1,460 | 218 | — | 2,386 | — | — | |||||||||||||||||||||||
Special Mention | 871 | 35 | — | 85 | — | — | |||||||||||||||||||||||
Substandard | 2,484 | 166 | — | 1,482 | — | 851 | |||||||||||||||||||||||
Total | $ | 41,842 | $ | 9,431 | $ | 51 | $ | 19,989 | $ | 11,765 | $ | 1,837 | |||||||||||||||||
2012 (Continued) | |||||||||||||||||||||||||||||
Commercial | Agricultural | Purchased | Other | Total | |||||||||||||||||||||||||
and Industrial | Indirect | Consumer | |||||||||||||||||||||||||||
Automobile, | |||||||||||||||||||||||||||||
Net | |||||||||||||||||||||||||||||
Pass | $ | 3,761 | $ | 20,096 | $ | 6,962 | $ | 117 | $ | 105,813 | |||||||||||||||||||
Watch | 1,526 | — | — | — | 5,590 | ||||||||||||||||||||||||
Special Mention | 113 | — | — | — | 1,104 | ||||||||||||||||||||||||
Substandard | 7 | — | 25 | — | 5,015 | ||||||||||||||||||||||||
Total | $ | 5,407 | $ | 20,096 | $ | 6,987 | $ | 117 | $ | 117,522 | |||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than 90 Days | Total Past | Current | Total Loans Receivable | Total Loans > 90 Days & Accruing | |||||||||||||||||||||||
Past Due | Past Due | Due | |||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 770 | $ | 607 | 1,608 | $ | 2,985 | $ | 36,504 | $ | 39,489 | $ | — | ||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 26 | 40 | 44 | 110 | 7,639 | 7,749 | — | ||||||||||||||||||||||
Multi-family | — | — | — | — | 117 | 117 | — | ||||||||||||||||||||||
Commercial | 33 | — | — | 33 | 19,211 | 19,244 | — | ||||||||||||||||||||||
Farmland | — | — | — | — | 13,900 | 13,900 | — | ||||||||||||||||||||||
Construction and land development | — | — | 354 | 354 | — | 354 | — | ||||||||||||||||||||||
Total real estate loans | 829 | 647 | 2,006 | 3,482 | 77,371 | 80,853 | — | ||||||||||||||||||||||
Commercial and industrial | 135 | 11 | 3 | 149 | 6,275 | 6,424 | — | ||||||||||||||||||||||
Agriculture | — | — | — | — | 24,343 | 24,343 | — | ||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | 4 | — | — | 4 | 7,612 | 7,616 | — | ||||||||||||||||||||||
Other | — | — | — | — | 115 | 115 | — | ||||||||||||||||||||||
Total consumer loans | 4 | — | — | 4 | 7,727 | 7,731 | — | ||||||||||||||||||||||
Total | $ | 968 | $ | 658 | $ | 2,009 | $ | 3,635 | $ | 115,716 | $ | 119,351 | $ | — | |||||||||||||||
2012 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than 90 Days | Total Past | Current | Total Loans Receivable | Total Loans > 90 Days & Accruing | |||||||||||||||||||||||
Past Due | Past Due | Due | |||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,464 | $ | 808 | 1,122 | $ | 3,394 | $ | 38,448 | $ | 41,842 | $ | — | ||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 51 | 14 | 35 | 100 | 9,331 | 9,431 | — | ||||||||||||||||||||||
Multi-family | — | — | — | — | 51 | 51 | — | ||||||||||||||||||||||
Commercial | — | — | — | — | 19,989 | 19,989 | — | ||||||||||||||||||||||
Farmland | — | — | — | — | 11,765 | 11,765 | — | ||||||||||||||||||||||
Construction and land development | — | — | — | — | 1,837 | 1,837 | — | ||||||||||||||||||||||
Total real estate loans | 1,515 | 822 | 1,157 | 3,494 | 81,421 | 84,915 | — | ||||||||||||||||||||||
Commercial and industrial | — | — | 7 | 7 | 5,400 | 5,407 | — | ||||||||||||||||||||||
Agriculture | — | — | — | — | 20,096 | 20,096 | — | ||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | 25 | — | — | 25 | 6,962 | 6,987 | — | ||||||||||||||||||||||
Other | — | — | — | — | 117 | 117 | — | ||||||||||||||||||||||
Total consumer loans | 25 | — | — | 25 | 7,079 | 7,104 | — | ||||||||||||||||||||||
Total | $ | 1,540 | $ | 822 | $ | 1,164 | $ | 3,526 | $ | 113,996 | $ | 117,522 | $ | — | |||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Recorded | Unpaid Principal Balance | Specific | Average | Interest Income Recognized | Interest Income Recognized Cash Basis | ||||||||||||||||||||||||
Balance | Allowance | Investment in Impaired Loans | |||||||||||||||||||||||||||
Loans without a specific allowance | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,722 | $ | 2,159 | $ | — | $ | 1,746 | $ | 32 | $ | 32 | |||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 45 | 135 | — | 75 | 1 | 1 | |||||||||||||||||||||||
Multi-family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial | — | — | — | — | — | — | |||||||||||||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||||||
Construction and land development | 354 | 501 | — | 178 | 3 | 3 | |||||||||||||||||||||||
Total real estate loans | 2,121 | 2,795 | — | 1,999 | 36 | 36 | |||||||||||||||||||||||
Commercial and industrial | — | — | — | — | — | — | |||||||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | — | — | — | — | |||||||||||||||||||||||
Other | — | 27 | — | — | — | — | |||||||||||||||||||||||
Total consumer loans | — | 27 | — | — | — | — | |||||||||||||||||||||||
Total | $ | 2,121 | $ | 2,822 | $ | — | $ | 1,999 | $ | 36 | $ | 36 | |||||||||||||||||
Loans with a specific allowance | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 562 | $ | 602 | $ | 63 | $ | 638 | $ | 12 | $ | 12 | |||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 75 | 84 | 29 | 67 | 1 | 1 | |||||||||||||||||||||||
Multi-family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial | — | — | — | 741 | 13 | 13 | |||||||||||||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||||||
Construction and land development | — | — | — | 426 | 8 | 8 | |||||||||||||||||||||||
Total real estate loans | 637 | 686 | 92 | 1,872 | 34 | 34 | |||||||||||||||||||||||
Commercial and industrial | 3 | 3 | 3 | 5 | — | — | |||||||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | 4 | 4 | 1 | 14 | — | — | |||||||||||||||||||||||
Other | — | — | — | — | — | — | |||||||||||||||||||||||
Total consumer loans | 4 | 4 | 1 | 14 | — | — | |||||||||||||||||||||||
Total loans | 644 | 693 | 96 | 1,891 | 34 | 34 | |||||||||||||||||||||||
Total | $ | 2,765 | $ | 3,515 | $ | 96 | $ | 3,890 | $ | 70 | $ | 70 | |||||||||||||||||
2012 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Recorded | Unpaid Principal Balance | Specific | Average | Interest Income Recognized | Interest Income Recognized | ||||||||||||||||||||||||
Balance | Allowance | Investment in Impaired Loans | Cash Basis | ||||||||||||||||||||||||||
Loans without a specific allowance | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,770 | $ | 2,130 | $ | — | $ | 1,439 | $ | 24 | $ | 24 | |||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 106 | 127 | — | 109 | 2 | 2 | |||||||||||||||||||||||
Multi-family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial | — | — | — | 695 | 11 | 11 | |||||||||||||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||
Total real estate loans | 1,876 | 2,257 | — | 2,243 | 37 | 37 | |||||||||||||||||||||||
Commercial and industrial | — | 17 | — | — | — | — | |||||||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | — | — | — | — | |||||||||||||||||||||||
Other | — | 23 | — | — | — | — | |||||||||||||||||||||||
Total consumer loans | — | 23 | — | — | — | — | |||||||||||||||||||||||
Total | $ | 1,876 | $ | 2,297 | $ | — | $ | 2,243 | $ | 37 | $ | 37 | |||||||||||||||||
Loans with a specific allowance | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 714 | $ | 722 | $ | 112 | $ | 1,690 | $ | 28 | $ | 28 | |||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 60 | 60 | 48 | 108 | 2 | 2 | |||||||||||||||||||||||
Multi-family | — | — | — | 459 | 8 | 8 | |||||||||||||||||||||||
Commercial | 1,482 | 1,482 | 81 | 741 | 12 | 12 | |||||||||||||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||||||
Construction and land development | 851 | 1,103 | 176 | 939 | 15 | 15 | |||||||||||||||||||||||
Total real estate loans | 3,107 | 3,367 | 417 | 3,937 | 65 | 65 | |||||||||||||||||||||||
Commercial and industrial | 7 | 7 | 7 | 29 | 1 | 1 | |||||||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | 25 | 25 | 7 | 17 | — | — | |||||||||||||||||||||||
Other | — | — | — | 2 | — | — | |||||||||||||||||||||||
Total consumer loans | 25 | 25 | 7 | 19 | — | — | |||||||||||||||||||||||
Total loans | 3,139 | 3,399 | 431 | 3,985 | 66 | 66 | |||||||||||||||||||||||
Total | $ | 5,015 | $ | 5,696 | $ | 431 | $ | 6,228 | $ | 103 | $ | 103 | |||||||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | ' | ||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Mortgages on real estate: | |||||||||||||||||||||||||||||
One-to-four family | $ | 2,284 | $ | 2,484 | |||||||||||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 120 | 166 | |||||||||||||||||||||||||||
Commercial | — | 1,482 | |||||||||||||||||||||||||||
Construction and land development | 354 | 851 | |||||||||||||||||||||||||||
Commercial and industrial | 3 | 7 | |||||||||||||||||||||||||||
Total | $ | 2,761 | $ | 4,990 | |||||||||||||||||||||||||
Recorded Balance [Member] | ' | ||||||||||||||||||||||||||||
Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,914 | $ | 1,814 | |||||||||||||||||||||||||
Home equity lines of credit and other 2nd mortgages | — | 6 | |||||||||||||||||||||||||||
Multi-family | — | — | |||||||||||||||||||||||||||
Commercial | — | 1,482 | |||||||||||||||||||||||||||
Farmland | — | — | |||||||||||||||||||||||||||
Construction and land development | 354 | 851 | |||||||||||||||||||||||||||
Total real estate loans | 2,268 | 4,153 | |||||||||||||||||||||||||||
Commercial and industrial | — | — | |||||||||||||||||||||||||||
Agriculture | — | — | |||||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | |||||||||||||||||||||||||||
Other | — | — | |||||||||||||||||||||||||||
Total consumer loans | — | — | |||||||||||||||||||||||||||
Total | $ | 2,268 | $ | 4,153 | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,245 | $ | 1,126 | |||||||||||||||||||||||||
Home equity lines of credit and other 2nd mortgages | — | — | |||||||||||||||||||||||||||
Multi-family | — | — | |||||||||||||||||||||||||||
Commercial | — | 1,482 | |||||||||||||||||||||||||||
Farmland | — | — | |||||||||||||||||||||||||||
Construction and land development | — | 851 | |||||||||||||||||||||||||||
Total real estate loans | 1,245 | 3,459 | |||||||||||||||||||||||||||
Commercial and industrial | — | — | |||||||||||||||||||||||||||
Agriculture | — | — | |||||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | |||||||||||||||||||||||||||
Other | — | — | |||||||||||||||||||||||||||
Total consumer loans | — | — | |||||||||||||||||||||||||||
Total | $ | 1,245 | $ | 3,459 | |||||||||||||||||||||||||
Troubled Debt Restructuring Activity [Member] | ' | ||||||||||||||||||||||||||||
Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
Year Ended | Year Ended | ||||||||||||||||||||||||||||
December 31, 2013 | 31-Dec-12 | ||||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||||||
Modifications | Investment | Modifications | Investment | ||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | 1 | $ | 245 | 3 | $ | 257 | |||||||||||||||||||||||
Home equity lines of credit and other 2nd mortgages | — | — | 1 | 6 | |||||||||||||||||||||||||
Multi-family | — | — | — | — | |||||||||||||||||||||||||
Commercial | — | — | 2 | 1,482 | |||||||||||||||||||||||||
Farmland | — | — | — | — | |||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||
Total real estate loans | 1 | 245 | 6 | 1,745 | |||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | |||||||||||||||||||||||||
Agriculture | — | — | — | — | |||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | — | — | |||||||||||||||||||||||||
Other | — | — | — | — | |||||||||||||||||||||||||
Total consumer loans | — | — | — | — | |||||||||||||||||||||||||
Total | 1 | $ | 245 | 6 | $ | 1,745 |
Note_5_Premises_and_Equipment_
Note 5 - Premises and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Land | $ | 396 | $ | 403 | |||||
Buildings and improvements | 6,259 | 6,164 | |||||||
Furniture and equipment | 1,467 | 2,581 | |||||||
8,122 | 9,148 | ||||||||
Less accumulated depreciation | 4,756 | 5,753 | |||||||
Net premises and equipment | $ | 3,366 | $ | 3,395 |
Note_6_Loan_Servicing_Tables
Note 6 - Loan Servicing (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Loan Servicing [Abstract] | ' | ||||||||
Servicing Asset at Amortized Cost [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
One-to-four family residential loans | |||||||||
FHLB | $ | 10,542 | $ | 12,403 | |||||
FNMA | 50,709 | 51,184 | |||||||
Agricultural loans | |||||||||
Farmer Mac | 15,106 | 8,808 | |||||||
Commercial loans | |||||||||
Other financial institutions | 3,147 | 3,005 | |||||||
$ | 79,504 | $ | 75,400 | ||||||
Schedule of Servicing Assets at Fair Value [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Fair value, beginning of year | $ | 412 | $ | 310 | |||||
Additions | |||||||||
Servicing rights that result from asset transfers | 191 | 159 | |||||||
Less loans refinanced | (110 | ) | (72 | ) | |||||
Changes in fair value, due to changes in valuation inputs or assumptions | 127 | 15 | |||||||
Fair value, end of year | $ | 620 | $ | 412 |
Note_7_Interestbearing_Deposit1
Note 7 - Interest-bearing Deposits (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Deposit Interest Expense [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Savings | $ | 22 | $ | 21 | |||||
NOW and Money Market | 81 | 59 | |||||||
Certificates of deposit | 1,164 | 1,270 | |||||||
Brokered certificates of deposit | — | 65 | |||||||
Total deposit interest expense | $ | 1,267 | $ | 1,415 | |||||
Maturities of Certificates of Deposit [Table Text Block] | ' | ||||||||
2014 | $ | 32,941 | |||||||
2015 | 23,474 | ||||||||
2016 | 9,287 | ||||||||
2017 | 9,791 | ||||||||
$ | 75,493 |
Note_8_Federal_Home_Loan_Bank_1
Note 8 - Federal Home Loan Bank Stock (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Open line of credit, 0.30% at December 31, 2013 and 2012 | $ | 4,200 | $ | 2,000 | |||||
Advances | 8,006 | 10,357 | |||||||
Total | $ | 12,206 | $ | 12,357 | |||||
Schedule of Annual Maturities of Advances [Table Text Block] | ' | ||||||||
2014 | $ | 2,457 | |||||||
2015 | 1,333 | ||||||||
2016 | 2,076 | ||||||||
2017 | 377 | ||||||||
2018 | 1,763 | ||||||||
$ | 8,006 |
Note_9_Income_Taxes_Tables
Note 9 - Income Taxes (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | |||||||||
December 31, | ||||||||||
2013 | 2012 | |||||||||
Taxes currently payable | $ | 228 | $ | 192 | ||||||
Deferred income taxes | (44 | ) | (48 | ) | ||||||
Income tax expense | $ | 184 | $ | 144 | ||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | |||||||||
December 31, | ||||||||||
2013 | 2012 | |||||||||
Computed at the statutory rate (34%) | $ | 295 | $ | 351 | ||||||
Increase (decrease) resulting from | ||||||||||
Tax exempt interest | (10 | ) | (4 | ) | ||||||
Changes in deferred tax valuation allowance | (89 | ) | (119 | ) | ||||||
Cash surrender value of life insurance | (38 | ) | (41 | ) | ||||||
Other | 26 | (43 | ) | |||||||
Actual tax expense | $ | 184 | $ | 144 | ||||||
Income tax expense as a percentage of pre-tax income | 21.2 | % | 14 | % | ||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | |||||||||
December 31, | ||||||||||
2013 | 2012 | |||||||||
Deferred tax assets | ||||||||||
Allowance for loan losses | $ | 842 | $ | 867 | ||||||
Accrued compensation and employee benefits | 827 | 802 | ||||||||
Net operating loss | 234 | 296 | ||||||||
Loss on other than temporary impairment of equity securities not sold | 218 | 218 | ||||||||
Write-down on foreclosed assets for sale | — | 107 | ||||||||
Other | 291 | 172 | ||||||||
2,412 | 2,462 | |||||||||
Deferred tax liabilities | ||||||||||
Depreciation | (167 | ) | (153 | ) | ||||||
FHLB stock dividends | — | (89 | ) | |||||||
Unrealized gains on available-for-sale securities | (9 | ) | (3 | ) | ||||||
Loan servicing rights | (210 | ) | (140 | ) | ||||||
(386 | ) | (385 | ) | |||||||
Net deferred tax asset before valuation allowance | 2,026 | 2,077 | ||||||||
Valuation allowance | ||||||||||
Beginning balance | 218 | 337 | ||||||||
Decrease during the period | (89 | ) | (119 | ) | ||||||
Ending balance | 129 | 218 | ||||||||
Net deferred tax asset | $ | 1,897 | $ | 1,859 |
Note_10_Accumulated_Other_Comp1
Note 10 - Accumulated Other Comprehensive Income (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Net unrealized gain on available-for-sale securities | $ | 25 | $ | 10 | |||||
Tax effect | (9 | ) | (3 | ) | |||||
Net-of-tax amount | $ | 16 | $ | 7 |
Note_11_Changes_in_Accumulated1
Note 11 - Changes in Accumulated Other Comprehensive Income [AOCI] by Components (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Partners' Capital, Comprehensive Income [Abstract] | ' | |||||||||
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | ' | |||||||||
Amounts Reclassified | Affected Line Item in the | |||||||||
from AOCI | ||||||||||
2013 | 2012 | Statements of Income | ||||||||
Unrealized gains (losses) on available-for-sale securities | ||||||||||
$ | — | $ | 2 | Realized gain on sale of securities | ||||||
Total reclassified amount before tax | ||||||||||
— | — | Tax (expense) benefit | ||||||||
$ | — | $ | 2 | Net reclassified amount |
Note_12_Regulatory_Matters_Tab
Note 12 - Regulatory Matters (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | ' | ||||||||||||||||||||||||
Actual | Minimum Capital | Minimum to Be Well | |||||||||||||||||||||||
Requirements | Capitalized Under Prompt | ||||||||||||||||||||||||
Corrective Action | |||||||||||||||||||||||||
Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||
Total capital (to risk-weighted assets) | $ | 18,996 | 14.5 | % | $ | 10,489 | 8 | % | $ | 13,112 | 10 | % | |||||||||||||
Tier I capital (to risk-weighted assets) | 17,332 | 13.2 | % | 5,245 | 4 | % | 7,867 | 6 | % | ||||||||||||||||
Tier I capital (to average assets) | 17,332 | 10.3 | % | 6,741 | 4 | % | 8,246 | 5 | % | ||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||
Total capital (to risk-weighted assets) | $ | 18,393 | 14.5 | % | $ | 10,129 | 8 | % | $ | 12,662 | 10 | % | |||||||||||||
Tier I capital (to risk-weighted assets) | 16,794 | 13.3 | % | 5,065 | 4 | % | 7,597 | 6 | % | ||||||||||||||||
Tier I capital (to average assets) | 16,794 | 10.2 | % | 6,602 | 4 | % | 8,253 | 5 | % | ||||||||||||||||
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | ' | ||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Bank equity | $ | 18,597 | $ | 18,038 | |||||||||||||||||||||
Less net unrealized gains | 3 | 3 | |||||||||||||||||||||||
Less disallowed servicing amounts | 62 | 41 | |||||||||||||||||||||||
Less disallowed deferred tax assets | 1,200 | 1,200 | |||||||||||||||||||||||
Tier 1 capital | 17,332 | 16,794 | |||||||||||||||||||||||
Add allowance for loan losses subject to limit | 1,649 | 1,595 | |||||||||||||||||||||||
Add unrealized gains on available-for-sale equity securities | 15 | 4 | |||||||||||||||||||||||
Total risk-based capital | $ | 18,996 | $ | 18,393 |
Note_14_Related_Party_Transact1
Note 14 - Related Party Transactions (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Related Party Transactions [Abstract] | ' | ||||||||
Changes in Loans to Executive Officers [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Balance beginning of year | $ | 1,080 | $ | 1,178 | |||||
New loans | 150 | 322 | |||||||
Repayments | (493 | ) | (420 | ) | |||||
Balance, end of year | $ | 737 | $ | 1,080 |
Note_16_Stockbased_Compensatio1
Note 16 - Stock-based Compensation (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block] | ' | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Allocated shares | 12,555 | 8,370 | |||||||||||||||
Shares released for allocation | 4,185 | 4,185 | |||||||||||||||
Unearned shares | 46,035 | 50,220 | |||||||||||||||
Total ESOP shares | 62,775 | 62,775 | |||||||||||||||
Fair value of unearned shares at December 31 | $ | 609 | $ | 452 | |||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ' | ||||||||||||||||
2012 | |||||||||||||||||
Expected volatility | 47.53 | % | |||||||||||||||
Expected dividends | 0 | % | |||||||||||||||
Expected term (in years) | 7 | ||||||||||||||||
Risk-free rate | 1.04 | % | |||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||
2013 | |||||||||||||||||
Shares | Weighted-Average Exercise Price | Weighted-Average Remaining Contractual Term | Aggregate Intrinsic Value | ||||||||||||||
Outstanding, beginning of year | 78,469 | $ | 8.27 | ||||||||||||||
Granted | — | — | |||||||||||||||
Exercised | (17,775 | ) | 8.1 | ||||||||||||||
Forfeited or expired | — | — | |||||||||||||||
Outstanding, end of year | 60,694 | $ | 8.32 | 7.59 | $ | 466 | |||||||||||
Exercisable, end of year | 12,671 | $ | 8.31 | 7.59 | $ | 97 | |||||||||||
2012 | |||||||||||||||||
Shares | Weighted-Average Exercise Price | Weighted-Average Remaining Contractual Term | Aggregate Intrinsic Value | ||||||||||||||
Outstanding, beginning of year | 73,761 | $ | 8.1 | ||||||||||||||
Granted | 4,708 | 10.95 | |||||||||||||||
Exercised | — | — | |||||||||||||||
Forfeited or expired | — | — | |||||||||||||||
Outstanding, end of year | 78,469 | $ | 8.27 | 8.59 | $ | 379 | |||||||||||
Exercisable, end of year | 14,752 | $ | 8.1 | 8.48 | $ | 74 | |||||||||||
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | ' | ||||||||||||||||
31-Dec-13 | |||||||||||||||||
Shares | Weighted-Average Grant-Date Fair Value | ||||||||||||||||
Nonvested, beginning of year | 63,717 | $ | 4.2 | ||||||||||||||
Granted | — | — | |||||||||||||||
Vested | (15,694 | ) | 4.19 | ||||||||||||||
Forfeited | — | — | |||||||||||||||
Nonvested, end of year | 48,023 | $ | 4.21 | ||||||||||||||
31-Dec-12 | |||||||||||||||||
Shares | Weighted-Average Grant-Date Fair Value | ||||||||||||||||
Nonvested, beginning of year | 73,761 | $ | 4.11 | ||||||||||||||
Granted | 4,708 | 5.36 | |||||||||||||||
Vested | (14,752 | ) | 4.11 | ||||||||||||||
Forfeited | — | — | |||||||||||||||
Nonvested, end of year | 63,717 | $ | 4.2 | ||||||||||||||
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] | ' | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Shares | Weighted Average Grant-Date Fair Value | Shares | Weighted Average Grant-Date Fair Value | ||||||||||||||
Balance, beginning of year | 29,818 | $ | 8.1 | 31,387 | $ | 8.1 | |||||||||||
Granted | — | — | — | — | |||||||||||||
Forfeited | — | — | — | — | |||||||||||||
Earned and issued | — | — | (1,569 | ) | 8.1 | ||||||||||||
Balance, end of year | 29,818 | $ | 8.1 | 29,818 | $ | 8.1 |
Note_17_Earnings_Per_Share_Tab
Note 17 - Earnings Per Share (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
Net income | $ | 683 | $ | 888 | |||||
Basic weighted average shares outstanding | 813,412 | 794,131 | |||||||
Less: Average unallocated ESOP shares | (47,952 | ) | (52,138 | ) | |||||
Basic average shares outstanding | 765,460 | 741,993 | |||||||
Diluted effect of stock options | 6,482 | — | |||||||
Diluted effect of restricted stock awards | 15,015 | 8,091 | |||||||
Diluted average shares outstanding | 786,957 | 750,084 | |||||||
Basic earnings per share | $ | 0.87 | $ | 1.2 | |||||
Diluted earnings per share | $ | 0.87 | $ | 1.18 |
Note_18_Disclosures_About_Fair1
Note 18 - Disclosures About Fair Value of Assets and Liabilities (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Fair Value | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
December 31, 2013: | |||||||||||||||||
Available-for-sale securities: | |||||||||||||||||
US Government and federal agency | $ | 982 | $ | — | $ | 982 | $ | — | |||||||||
Mortgage-backed securities – GSE residential | 626 | — | 626 | — | |||||||||||||
State and political subdivisions | 3,429 | — | 3,429 | — | |||||||||||||
Equity securities | 508 | 28 | 480 | — | |||||||||||||
Loan servicing rights | 620 | — | — | 620 | |||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Fair Value | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
December 31, 2012: | |||||||||||||||||
Available-for-sale securities: | |||||||||||||||||
US Government and federal agency | $ | 3,185 | $ | — | $ | 3,185 | $ | — | |||||||||
Mortgage-backed securities – GSE residential | 779 | — | 779 | — | |||||||||||||
State and political subdivisions | 3,449 | — | 3,449 | — | |||||||||||||
Equity securities | 466 | 18 | 448 | — | |||||||||||||
Loan servicing rights | 412 | — | — | 412 | |||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | ' | ||||||||||||||||
Loan | |||||||||||||||||
Servicing Rights | |||||||||||||||||
Balance, January 1, 2013 | $ | 412 | |||||||||||||||
Total realized and unrealized gains and losses included in net income | 127 | ||||||||||||||||
Servicing rights that result from asset transfers | 191 | ||||||||||||||||
Loans refinanced | (110 | ) | |||||||||||||||
Balance, December 31, 2013 | $ | 620 | |||||||||||||||
Total gains or losses for the period included in net income attributable to the change in unrealized gains or losses related to assets and liabilities still held at the reporting date | $ | — | |||||||||||||||
Loan | |||||||||||||||||
Servicing Rights | |||||||||||||||||
Balance, January 1, 2012 | $ | 310 | |||||||||||||||
Total realized and unrealized gains and losses included in net income | 15 | ||||||||||||||||
Servicing rights that result from asset transfers | 159 | ||||||||||||||||
Loans refinanced | (72 | ) | |||||||||||||||
Balance, December 31, 2012 | $ | 412 | |||||||||||||||
Total gains or losses for the period included in net income attributable to the change in unrealized gains or losses related to assets and liabilities still held at the reporting date | $ | — | |||||||||||||||
Fair Value Measurements, Nonrecurring [Table Text Block] | ' | ||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Fair Value | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
December 31, 2013: | |||||||||||||||||
Impaired loans (collateral dependent) | $ | 549 | $ | — | $ | — | $ | 549 | |||||||||
December 31, 2012: | |||||||||||||||||
Impaired loans (collateral dependent) | $ | 2,570 | $ | — | $ | — | $ | 2,570 | |||||||||
Foreclosed assets | 616 | — | — | 616 | |||||||||||||
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | ' | ||||||||||||||||
Fair Value at December 31, 2013 | Valuation Technique | Unobservable Inputs | Range | ||||||||||||||
(Weighted Average) | |||||||||||||||||
Collateral-dependent impaired loans | $ | 549 | Market comparable properties | Marketability discount | 20% | - | 40% | -25% | |||||||||
Mortgage servicing rights | 620 | Discounted cash flow | Discount rate | 8% | - | 12.50% | -10.43% | ||||||||||
PSA standard prepayment model rate | 100 | - | 369 | -194 | |||||||||||||
Fair Value at December 31, 2012 | Valuation Technique | Unobservable Inputs | Range | ||||||||||||||
(Weighted Average) | |||||||||||||||||
Collateral-dependent impaired loans | $ | 2,570 | Market comparable properties | Marketability discount | 10% | - | 30% | -22% | |||||||||
Foreclosed assets | 616 | Market comparable properties | Comparability adjustments (%) | 10% | - | 40% | -27% | ||||||||||
Mortgage servicing rights | 412 | Discounted cash flow | Discount rate | 9% | - | 11% | -10% | ||||||||||
PSA standard prepayment model rate | 421 | ||||||||||||||||
Fair Value of Financial Instruments [Table Text Block] | ' | ||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Carrying Amount | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
31-Dec-13 | |||||||||||||||||
Financial assets | |||||||||||||||||
Cash and cash equivalents | $ | 28,089 | $ | 28,089 | $ | — | $ | — | |||||||||
Interest-bearing deposits with other financial institutions | 6,240 | — | 6,240 | — | |||||||||||||
Held-to-maturity securities | 833 | — | 839 | — | |||||||||||||
Loans, net of allowance for loan losses | 116,858 | — | 119,462 | — | |||||||||||||
Federal Home Loan Bank stock | 870 | — | 870 | — | |||||||||||||
Accrued interest receivable | 786 | — | 786 | — | |||||||||||||
Financial liabilities | |||||||||||||||||
Deposits | 133,750 | — | 130,206 | — | |||||||||||||
Federal Home Loan Bank advances | 12,206 | — | 12,377 | — | |||||||||||||
Advances from borrowers for taxes and insurance | 358 | — | 358 | — | |||||||||||||
Accrued interest payable | 19 | — | 19 | — | |||||||||||||
Unrecognized financial instruments (net of contract amount) | |||||||||||||||||
Commitments to originate loans | — | — | — | — | |||||||||||||
Letters of credit | — | — | — | — | |||||||||||||
Lines of credit | — | — | — | — | |||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Carrying Amount | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
31-Dec-12 | |||||||||||||||||
Financial assets | |||||||||||||||||
Cash and cash equivalents | $ | 22,859 | $ | 22,859 | $ | — | $ | — | |||||||||
Interest-bearing deposits with other financial institutions | 9,126 | — | 9,126 | — | |||||||||||||
Held-to-maturity securities | 1,263 | — | 1,314 | — | |||||||||||||
Loans, net of allowance for loan losses | 114,976 | — | 117,099 | — | |||||||||||||
Federal Home Loan Bank stock | 1,404 | — | 1,404 | — | |||||||||||||
Accrued interest receivable | 612 | — | 612 | — | |||||||||||||
Financial liabilities | |||||||||||||||||
Deposits | 133,985 | — | 136,816 | — | |||||||||||||
Federal Home Loan Bank advances | 12,357 | — | 12,682 | — | |||||||||||||
Advances from borrowers for taxes and insurance | 382 | — | 382 | — | |||||||||||||
Accrued interest payable | 29 | — | 29 | — | |||||||||||||
Unrecognized financial instruments (net of contract amount) | |||||||||||||||||
Commitments to originate loans | — | — | — | — | |||||||||||||
Letters of credit | — | — | — | — | |||||||||||||
Lines of credit | — | — | — | — |
Note_21_Condensed_Financial_In1
Note 21 - Condensed Financial Information (Parent Company Only) (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | ||||||||
Condensed Balance Sheet [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Assets | |||||||||
Cash and due from banks | $ | 1,256 | $ | 947 | |||||
Investment in common stock of subsidiary | 18,596 | 18,038 | |||||||
ESOP loan | 484 | 521 | |||||||
Other assets | 134 | 136 | |||||||
Total assets | $ | 20,470 | $ | 19,642 | |||||
Liabilities | |||||||||
Other liabilities | $ | 24 | $ | 25 | |||||
Total liabilities | 24 | 25 | |||||||
Stockholders' Equity | 20,446 | 19,617 | |||||||
Total liabilities and stockholders' equity | $ | 20,470 | $ | 19,642 | |||||
Condensed Income Statement [Table Text Block] | ' | ||||||||
Years Ending December 31, | |||||||||
2013 | 2012 | ||||||||
Income | |||||||||
Dividends from subsidiary | $ | 373 | $ | 1,114 | |||||
Interest on ESOP loan | 17 | 18 | |||||||
Losses on other-than-temporary impairment of equity securities | — | (1 | ) | ||||||
Total income | 390 | 1,131 | |||||||
Expense | |||||||||
Noninterest expense | 286 | 385 | |||||||
Income Before Income Tax and Equity in Undistributed Income of Subsidiary | 104 | 746 | |||||||
Benefit for Income Taxes | (92 | ) | (123 | ) | |||||
Income Before Equity in Undistributed Income of Subsidiary | 196 | 869 | |||||||
Equity in Undistributed Income of Subsidiary | 487 | 19 | |||||||
Net Income | $ | 683 | $ | 888 | |||||
Comprehensive Income | $ | 692 | $ | 872 | |||||
Condensed Cash Flow Statement [Table Text Block] | ' | ||||||||
Years Ending December 31, | |||||||||
2013 | 2012 | ||||||||
Cash flows from operating activities | |||||||||
Net income | $ | 683 | $ | 888 | |||||
Adjustments | |||||||||
Loss on other-than-temporary impairment of equity securities | — | 1 | |||||||
ESOP compensation expense | 60 | 45 | |||||||
Stock-based compensation expense | 114 | 121 | |||||||
Equity in undistributed subsidiary income | (487 | ) | (19 | ) | |||||
Change in other assets | (164 | ) | (228 | ) | |||||
Change in other liabilities | (1 | ) | 25 | ||||||
Net cash provided by operating activities | 205 | 833 | |||||||
Cash flows from investing activities | |||||||||
Payments on ESOP loan | 36 | 35 | |||||||
Net cash provided by investing activities | 36 | 35 | |||||||
Cash flows from financing activities | |||||||||
Dividends paid | (77 | ) | — | ||||||
Stock options exercised | 145 | — | |||||||
Net cash provided by financing activities | 68 | — | |||||||
Net Change in Cash and Cash Equivalents | 309 | 868 | |||||||
Cash and Cash Equivalents at Beginning of Year | 947 | 79 | |||||||
Cash and Cash Equivalents at End of Year | $ | 1,256 | $ | 947 |
Note_1_Nature_of_Operations_an2
Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details) | 12 Months Ended |
Dec. 31, 2013 | |
Harvard Savings Bank [Member] | ' |
Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details) [Line Items] | ' |
Equity Method Investment, Ownership Percentage | 100.00% |
Total Revenue [Member] | ' |
Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details) [Line Items] | ' |
Concentration Risk, Percentage | 10.00% |
Note_1_Nature_of_Operations_an3
Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details) - Estimated Useful Lives of Premises and Equipment | 12 Months Ended |
Dec. 31, 2013 | |
Building and Building Improvements [Member] | Minimum [Member] | ' |
Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details) - Estimated Useful Lives of Premises and Equipment [Line Items] | ' |
Property and Equipment | '5 |
Building and Building Improvements [Member] | Maximum [Member] | ' |
Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details) - Estimated Useful Lives of Premises and Equipment [Line Items] | ' |
Property and Equipment | '50 |
Equipment [Member] | Minimum [Member] | ' |
Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details) - Estimated Useful Lives of Premises and Equipment [Line Items] | ' |
Property and Equipment | '3 |
Equipment [Member] | Maximum [Member] | ' |
Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details) - Estimated Useful Lives of Premises and Equipment [Line Items] | ' |
Property and Equipment | '10 |
Note_2_Securities_Details
Note 2 - Securities (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Note 2 - Securities (Details) [Line Items] | ' | ' |
Available-for-sale Securities, Gross Realized Gain (Loss) | ' | $2,000 |
Available-for-sale Securities, Gross Realized Losses | 0 | 2,000 |
Available-for-sale Securities Pledged as Collateral | 1,120,000 | 934,000 |
FNMA and FHLMC Common Stock [Member] | ' | ' |
Note 2 - Securities (Details) [Line Items] | ' | ' |
Marketable Securities | ' | 2,000 |
Available-for-sale Securities, Gross Realized Gain (Loss) | ' | 2,000 |
Proceeds from Issuance of Common Stock | 0 | 8,000 |
FNMA and FHLMC Common Stock [Member] | ' | ' |
Note 2 - Securities (Details) [Line Items] | ' | ' |
Marketable Securities | 2,000 | ' |
Mutual Funds [Member] | ' | ' |
Note 2 - Securities (Details) [Line Items] | ' | ' |
Marketable Securities | 443,000 | 438,000 |
Other Equity Securities [Member] | ' | ' |
Note 2 - Securities (Details) [Line Items] | ' | ' |
Marketable Securities | 10,000 | ' |
Equity Method Investment, Other than Temporary Impairment | 0 | 1,000 |
Debt and Marketable Securities [Member] | ' | ' |
Note 2 - Securities (Details) [Line Items] | ' | ' |
Marketable Securities | 2,292,000 | 2,846,000 |
Available for Sale Equity Securities [Member] | ' | ' |
Note 2 - Securities (Details) [Line Items] | ' | ' |
Other than Temporary Impairment Losses, Investments | $0 | $1,000 |
Debt and Marketable Securities [Member] | ' | ' |
Note 2 - Securities (Details) [Line Items] | ' | ' |
Portion of Investment Portfolio | 36.00% | 31.00% |
Note_2_Securities_Details_Mark
Note 2 - Securities (Details) - Marketable Securities (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Note 2 - Securities (Details) - Marketable Securities [Line Items] | ' | ' |
Available for Sale Securities Amortized Cost | $5,520 | $7,869 |
Available for Sale Securities Gross Unrealized Gains | 72 | 47 |
Available for Sale Securities Fair Value | 5,545 | 7,879 |
Available for Sale Securities Gross Unrealized Losses | -47 | -37 |
Held to Maturity Securities Amortized Cost | 833 | 1,263 |
Held to Maturity Securities Gross Unrealized Gains | 6 | 51 |
Held to Maturity Securities Fair Value | 839 | 1,314 |
US Government Agencies Debt Securities [Member] | ' | ' |
Note 2 - Securities (Details) - Marketable Securities [Line Items] | ' | ' |
Available for Sale Securities Amortized Cost | 990 | 3,194 |
Available for Sale Securities Gross Unrealized Gains | ' | 5 |
Available for Sale Securities Fair Value | 982 | 3,185 |
Available for Sale Securities Gross Unrealized Losses | -8 | -14 |
Held to Maturity Securities Amortized Cost | 500 | 500 |
Held to Maturity Securities Gross Unrealized Gains | 2 | 21 |
Held to Maturity Securities Fair Value | 502 | 521 |
US Government-sponsored Enterprises Debt Securities [Member] | ' | ' |
Note 2 - Securities (Details) - Marketable Securities [Line Items] | ' | ' |
Available for Sale Securities Amortized Cost | 614 | 758 |
Available for Sale Securities Gross Unrealized Gains | 12 | 21 |
Available for Sale Securities Fair Value | 626 | 779 |
Held to Maturity Securities Amortized Cost | 13 | 17 |
Held to Maturity Securities Gross Unrealized Gains | 1 | 1 |
Held to Maturity Securities Fair Value | 14 | 18 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Note 2 - Securities (Details) - Marketable Securities [Line Items] | ' | ' |
Available for Sale Securities Amortized Cost | 3,461 | 3,467 |
Available for Sale Securities Gross Unrealized Gains | 7 | 5 |
Available for Sale Securities Fair Value | 3,429 | 3,449 |
Available for Sale Securities Gross Unrealized Losses | -39 | -23 |
Equity Securities [Member] | ' | ' |
Note 2 - Securities (Details) - Marketable Securities [Line Items] | ' | ' |
Available for Sale Securities Amortized Cost | 455 | 450 |
Available for Sale Securities Gross Unrealized Gains | 53 | 16 |
Available for Sale Securities Fair Value | 508 | 466 |
Private-Label Residential [Member] | ' | ' |
Note 2 - Securities (Details) - Marketable Securities [Line Items] | ' | ' |
Held to Maturity Securities Amortized Cost | 320 | 746 |
Held to Maturity Securities Gross Unrealized Gains | 3 | 29 |
Held to Maturity Securities Fair Value | $323 | $775 |
Note_2_Securities_Details_Secu
Note 2 - Securities (Details) - Securities by Contractual Maturity (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 2 - Securities (Details) - Securities by Contractual Maturity [Line Items] | ' | ' |
Within one year | $646 | ' |
Within one year | 646 | ' |
Within one year | 500 | ' |
Within one year | 502 | ' |
One to five years | 2,957 | ' |
One to five years | 2,941 | ' |
Five to ten years | 848 | ' |
Five to ten years | 824 | ' |
Available for Sale Securities Amortized Cost | 5,520 | ' |
Available for Sale Securities Fair Value | 5,545 | ' |
Held to Maturity Securities Amortized Cost | 833 | 1,263 |
Held to Maturity Securities Fair Value | 839 | 1,314 |
Debt Securities With Single Maturity Date [Member] | ' | ' |
Note 2 - Securities (Details) - Securities by Contractual Maturity [Line Items] | ' | ' |
Available for Sale Securities Amortized Cost | 4,451 | ' |
Available for Sale Securities Fair Value | 4,411 | ' |
Held to Maturity Securities Amortized Cost | 500 | ' |
Held to Maturity Securities Fair Value | 502 | ' |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
Note 2 - Securities (Details) - Securities by Contractual Maturity [Line Items] | ' | ' |
Available for Sale Securities Without A Maturity Date Amortized Cost | 614 | ' |
Available for Sale Securities Without A Maturity Date Fair Value | 626 | ' |
Held to Maturity Securities Without A Maturity Date Amortized Cost | 333 | ' |
Held to Maturity Securities Without A Maturity Date Fair Value | 337 | ' |
Equity Securities [Member] | ' | ' |
Note 2 - Securities (Details) - Securities by Contractual Maturity [Line Items] | ' | ' |
Available for Sale Securities Without A Maturity Date Amortized Cost | 455 | ' |
Available for Sale Securities Without A Maturity Date Fair Value | $508 | ' |
Note_2_Securities_Details_Unre
Note 2 - Securities (Details) - Unrealized Losses on Investments (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Available-for-sale: | ' | ' |
Less than 12 months, fair value | $1,055 | $2,846 |
Less than 12 months, unrealized losses | -14 | -37 |
12 months or more, fair value | 2,292 | 2,846 |
12 months or more, unrealized losses | -47 | -37 |
Fair value | 1,237 | ' |
Unrealized losses | -33 | ' |
US Government Agencies Debt Securities [Member] | ' | ' |
Available-for-sale: | ' | ' |
Less than 12 months, fair value | 500 | 472 |
Less than 12 months, unrealized losses | -1 | -14 |
12 months or more, fair value | 982 | 472 |
12 months or more, unrealized losses | -8 | -14 |
Fair value | 482 | ' |
Unrealized losses | -7 | ' |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Available-for-sale: | ' | ' |
Less than 12 months, fair value | 555 | 2,374 |
Less than 12 months, unrealized losses | -13 | -23 |
12 months or more, fair value | 1,310 | 2,374 |
12 months or more, unrealized losses | -39 | -23 |
Fair value | 755 | ' |
Unrealized losses | ($26) | ' |
Note_3_Securities_Purchased_Un2
Note 3 - Securities Purchased Under Agreements to Resell (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Disclosure Text Block [Abstract] | ' | ' |
Securities Purchased under Agreements to Resell | $25,117 | $19,014 |
Agreements Over-Collateralized, Percentage | 103.00% | ' |
Note_3_Securities_Purchased_Un3
Note 3 - Securities Purchased Under Agreements to Resell (Details) - Agreements to Resell Securities Purchased (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 3 - Securities Purchased Under Agreements to Resell (Details) - Agreements to Resell Securities Purchased [Line Items] | ' | ' |
Securities purchased under agreements to resell | $25,117 | $19,014 |
ESI Investors III, LLC [Member] | ' | ' |
Note 3 - Securities Purchased Under Agreements to Resell (Details) - Agreements to Resell Securities Purchased [Line Items] | ' | ' |
Securities purchased under agreements to resell | 1,500 | ' |
BCM High Income Fund, LP [Member] | ' | ' |
Note 3 - Securities Purchased Under Agreements to Resell (Details) - Agreements to Resell Securities Purchased [Line Items] | ' | ' |
Securities purchased under agreements to resell | 6,040 | 8,053 |
HEC Opportunity Fund, LLC [Member] | ' | ' |
Note 3 - Securities Purchased Under Agreements to Resell (Details) - Agreements to Resell Securities Purchased [Line Items] | ' | ' |
Securities purchased under agreements to resell | 500 | 453 |
Coastal Securities [Member] | ' | ' |
Note 3 - Securities Purchased Under Agreements to Resell (Details) - Agreements to Resell Securities Purchased [Line Items] | ' | ' |
Securities purchased under agreements to resell | 2,266 | 10,508 |
First Farmers Financial, LLC [Member] | ' | ' |
Note 3 - Securities Purchased Under Agreements to Resell (Details) - Agreements to Resell Securities Purchased [Line Items] | ' | ' |
Securities purchased under agreements to resell | $14,811 | ' |
Note_4_Loans_and_Allowance_for2
Note 4 - Loans and Allowance for Loan Losses (Details) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2008 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
One to Four Family [Member] | One to Four Family [Member] | One to Four Family [Member] | One to Four Family [Member] | One to Four Family [Member] | One to Four Family [Member] | One to Four Family [Member] | One to Four Family [Member] | One to Four Family [Member] | One to Four Family [Member] | One to Four Family [Member] | Vacant Land Loans [Member] | Commercial Real Estate Loans [Member] | Commercial Real Estate Loans [Member] | Commercial Real Estate Loans [Member] | Commercial Real Estate Loans [Member] | Commercial Real Estate Loans [Member] | Commercial Real Estate Loans [Member] | Home Equity Loans [Member] | Home Equity Loans [Member] | Home Equity Loans [Member] | Construction and Land Development [Member] | Construction and Land Development [Member] | Land Loans [Member] | Developed Building Lots [Member] | Single Family Construction Loan [Member] | Single Family Construction Loan [Member] | Farmland [Member] | Farmland [Member] | Farmland [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Agricultural Line of Credit [Member] | Agricultural Intermediate [Member] | Agricultural Intermediate [Member] | Agricultural [Member] | Agricultural [Member] | Agricultural Production [Member] | Agricultural Production [Member] | Agricultural Real Estate [Member] | Agricultural Real Estate [Member] | Residential Real Estate Loan [Member] | Residential Real Estate Loan [Member] | Commercial Land Development Loan [Member] | Second Mortgage [Member] | Troubled Debt Restructuring [Member] | Troubled Debt Restructuring [Member] | Three Modifications [Member] | Multi-Family Residential Real Estate and Commercial Land Development Loan [Member] | Balloon Loan [Member] | Committee Approved Loan Limit [Member] | Committee Approved Loan Limit [Member] | |||
Residential Real Estate Loan [Member] | Loan Maturity [Member] | Adjustable Rate Mortgage, Annual Interest Rate Change Cap [Member] | Adjustable Rate Mortgage, Lifetime Interest Rate Change Cap [Member] | Committee Approved Loan Limit [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Committee Approved Loan Limit [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Permanent Loan Approved to be Sold in Secondary Market [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Secured Debt [Member] | Unsecured Debt [Member] | |||||||||||||||||||||||||||||
Maximum [Member] | Fixed Rate [Member] | Adjustable Rate [Member] | Fixed Rate [Member] | Adjustable Rate [Member] | Fixed Rate [Member] | Fixed Rate [Member] | Secured Debt [Member] | |||||||||||||||||||||||||||||||||||||||||||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percent of Total Capital | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross, Consumer, Mortgage | ' | ' | ' | ' | ' | ' | ' | ' | $500,000,000 | ' | ' | ' | ' | $250,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross, Commercial | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,500,000,000 | 250,000,000 |
Debt Instrument, Term | ' | ' | ' | '30 years | ' | ' | ' | ' | ' | '10 years | '3 years | '30 years | '5 years | ' | ' | ' | '3 years | ' | '5 years | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | '15 years | ' | ' | '1 year | ' | '1 year | '2 years | '7 years | ' | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '7 years | ' | ' |
Derivative, Higher Remaining Maturity Range | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balloon Loan Amortization Schedule | '30 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | ' | 2.00% | 6.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan to Value Ratio | ' | ' | ' | ' | ' | ' | 75.00% | ' | ' | ' | ' | ' | ' | ' | 75.00% | ' | ' | ' | ' | ' | ' | ' | ' | 75.00% | ' | 65.00% | 75.00% | 80.00% | 75.00% | ' | ' | 75.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '15 years | ' | '25 years | '20 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | '15 years | '25 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property Value Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75.00% | 90.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Initial Draw Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percent of Original Loan Amount Guaranteed | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 90.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum Crop Production Required Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross, Other | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,244,000 | 19,989,000 | ' | ' | ' | ' | ' | ' | ' | 354,000 | 1,837,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24,343,000 | 20,096,000 | 13,900,000 | 11,765,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | 264,000 | 219,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,000 | ' | ' | ' | ' | ' | 9,000 | ' | ' | ' | ' |
Allowance for Loan and Lease Losses, Write-offs | -583,000 | -636,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,000 | 311,000 | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 245,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 245,000 | 1,745,000 | ' | ' | ' | ' | 1,914,000 | 1,814,000 | ' | ' | ' | ' | ' | ' | ' | 1,482,000 | ' | ' | ' | ' | ' | ' | ' | 354,000 | 851,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 257,000 | ' | 6,000 | ' | ' | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Related Allowance | 96,000 | 431,000 | ' | ' | ' | ' | 63,000 | 112,000 | ' | ' | ' | ' | ' | ' | ' | 81,000 | ' | ' | ' | ' | ' | ' | ' | ' | 176,000 | ' | ' | ' | ' | ' | ' | ' | 3,000 | 7,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,000 | ' | 6,000 | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | ' | ' | 4,000 | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000 | ' | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $76,000 | $0 | ' | ' | ' | ' | $669,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $354,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Note_4_Loans_and_Allowance_for3
Note 4 - Loans and Allowance for Loan Losses (Details) - Classes of Loans (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans | $119,351 | $117,522 | ' |
Loans in process | 26 | ' | ' |
Net deferred loan fees and costs | -8 | -4 | ' |
Allowance for loan losses | 2,475 | 2,550 | 2,575 |
Net loans | 116,858 | 114,976 | ' |
One to Four Family [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Mortgage loans on real estate | 39,489 | 41,842 | ' |
Loans | 39,489 | 41,842 | ' |
Home Equity Lines of Credit and Second Mortgages [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Mortgage loans on real estate | 7,749 | 9,431 | ' |
Loans | 7,749 | 9,431 | ' |
Multi-Family Residential [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Mortgage loans on real estate | 117 | 51 | ' |
Loans | 117 | 51 | ' |
Commercial Real Estate Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Mortgage loans on real estate | 19,244 | 19,989 | ' |
Loans | 19,244 | 19,989 | ' |
Farmland [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Mortgage loans on real estate | 13,900 | 11,765 | ' |
Loans | 13,900 | 11,765 | ' |
Construction and Land Development [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Mortgage loans on real estate | 354 | 1,837 | ' |
Loans | 354 | 1,837 | ' |
Total Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Mortgage loans on real estate | 80,853 | 84,915 | ' |
Commercial and Industrial [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans | 6,424 | 5,407 | ' |
Agricultural [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans | 24,343 | 20,096 | ' |
Purchased Indirect Automobile, Net [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans | 7,616 | 6,987 | ' |
Other Consumer [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans | $115 | $117 | ' |
Note_4_Loans_and_Allowance_for4
Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance for Loan Losses (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Allowance for loan losses: | ' | ' |
Balance, beginning of year | $2,550 | $2,575 |
Balance, end of year | 2,475 | 2,550 |
Ending balance: individually evaluated for impairment | 96 | 431 |
Ending balance: collectively evaluated for impairment | 2,379 | 2,119 |
Provision charged to expense | 453 | 599 |
Losses charged off | -583 | -636 |
Recoveries | 55 | 12 |
Loans: | ' | ' |
Ending balance | 119,351 | 117,522 |
Ending balance: individually evaluated for impairment | 2,765 | 5,015 |
Ending balance: collectively evaluated for impairment | 116,586 | 112,507 |
One to Four Family [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Balance, beginning of year | 668 | 549 |
Balance, end of year | 644 | 668 |
Ending balance: individually evaluated for impairment | 63 | 112 |
Ending balance: collectively evaluated for impairment | 581 | 556 |
Provision charged to expense | 277 | 484 |
Losses charged off | -330 | -365 |
Recoveries | 29 | ' |
Loans: | ' | ' |
Ending balance | 39,489 | 41,842 |
Ending balance: individually evaluated for impairment | 2,284 | 2,484 |
Ending balance: collectively evaluated for impairment | 37,205 | 39,358 |
Home Equity Lines of Credit and Second Mortgages [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Balance, beginning of year | 333 | 248 |
Balance, end of year | 318 | 333 |
Ending balance: individually evaluated for impairment | 29 | 48 |
Ending balance: collectively evaluated for impairment | 289 | 285 |
Provision charged to expense | 54 | 109 |
Losses charged off | -69 | -24 |
Loans: | ' | ' |
Ending balance | 7,749 | 9,431 |
Ending balance: individually evaluated for impairment | 120 | 166 |
Ending balance: collectively evaluated for impairment | 7,629 | 9,265 |
Multi-Family Residential [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Balance, beginning of year | 3 | 287 |
Balance, end of year | 6 | 3 |
Ending balance: collectively evaluated for impairment | 6 | 3 |
Provision charged to expense | 3 | -284 |
Loans: | ' | ' |
Ending balance | 117 | 51 |
Ending balance: collectively evaluated for impairment | 117 | 51 |
Commercial Real Estate Loans [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Balance, beginning of year | 530 | 533 |
Balance, end of year | 694 | 530 |
Ending balance: individually evaluated for impairment | ' | 81 |
Ending balance: collectively evaluated for impairment | 694 | 449 |
Provision charged to expense | 164 | -3 |
Loans: | ' | ' |
Ending balance | 19,244 | 19,989 |
Ending balance: individually evaluated for impairment | ' | 1,482 |
Ending balance: collectively evaluated for impairment | 19,244 | 18,507 |
Farmland [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Balance, beginning of year | 176 | 143 |
Balance, end of year | 208 | 176 |
Ending balance: collectively evaluated for impairment | 208 | 176 |
Provision charged to expense | 32 | 33 |
Loans: | ' | ' |
Ending balance | 13,900 | 11,765 |
Ending balance: collectively evaluated for impairment | 13,900 | 11,765 |
Construction and Land Development [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Balance, beginning of year | 275 | 374 |
Balance, end of year | ' | 275 |
Ending balance: individually evaluated for impairment | ' | 176 |
Ending balance: collectively evaluated for impairment | ' | 99 |
Provision charged to expense | -141 | 73 |
Losses charged off | -151 | -172 |
Recoveries | 17 | ' |
Loans: | ' | ' |
Ending balance | 354 | 1,837 |
Ending balance: individually evaluated for impairment | 354 | 851 |
Ending balance: collectively evaluated for impairment | ' | 986 |
Commercial and Industrial [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Balance, beginning of year | 151 | 125 |
Balance, end of year | 110 | 151 |
Ending balance: individually evaluated for impairment | 3 | 7 |
Ending balance: collectively evaluated for impairment | 107 | 144 |
Provision charged to expense | -41 | 42 |
Losses charged off | ' | -16 |
Loans: | ' | ' |
Ending balance | 6,424 | 5,407 |
Ending balance: individually evaluated for impairment | 3 | 7 |
Ending balance: collectively evaluated for impairment | 6,421 | 5,400 |
Agricultural [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Balance, beginning of year | 301 | 215 |
Balance, end of year | 377 | 301 |
Ending balance: collectively evaluated for impairment | 377 | 301 |
Provision charged to expense | 76 | 86 |
Loans: | ' | ' |
Ending balance | 24,343 | 20,096 |
Ending balance: collectively evaluated for impairment | 24,343 | 20,096 |
Purchased Indirect Automobile, Net [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Balance, beginning of year | 112 | 95 |
Balance, end of year | 117 | 112 |
Ending balance: individually evaluated for impairment | 1 | 7 |
Ending balance: collectively evaluated for impairment | 116 | 105 |
Provision charged to expense | 35 | 66 |
Losses charged off | -33 | -59 |
Recoveries | 3 | 10 |
Loans: | ' | ' |
Ending balance | 7,616 | 6,987 |
Ending balance: individually evaluated for impairment | 4 | 25 |
Ending balance: collectively evaluated for impairment | 7,612 | 6,962 |
Other Consumer [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Balance, beginning of year | 1 | 6 |
Balance, end of year | 1 | 1 |
Ending balance: collectively evaluated for impairment | 1 | 1 |
Provision charged to expense | -6 | -7 |
Recoveries | 6 | 2 |
Loans: | ' | ' |
Ending balance | 115 | 117 |
Ending balance: collectively evaluated for impairment | $115 | $117 |
Note_4_Loans_and_Allowance_for5
Note 4 - Loans and Allowance for Loan Losses (Details) - Credit Risk Profile (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | $119,351 | $117,522 |
One to Four Family [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 33,676 | 37,027 |
One to Four Family [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 2,100 | 1,460 |
One to Four Family [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 1,429 | 871 |
One to Four Family [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 2,284 | 2,484 |
One to Four Family [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 39,489 | 41,842 |
Home Equity Lines of Credit and Second Mortgages [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 6,557 | 9,012 |
Home Equity Lines of Credit and Second Mortgages [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 334 | 218 |
Home Equity Lines of Credit and Second Mortgages [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 738 | 35 |
Home Equity Lines of Credit and Second Mortgages [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 120 | 166 |
Home Equity Lines of Credit and Second Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 7,749 | 9,431 |
Multi-Family Residential [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 117 | 51 |
Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 117 | 51 |
Commercial Real Estate Loans [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 13,931 | 16,036 |
Commercial Real Estate Loans [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 2,328 | 2,386 |
Commercial Real Estate Loans [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 2,985 | 85 |
Commercial Real Estate Loans [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | ' | 1,482 |
Commercial Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 19,244 | 19,989 |
Farmland [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 13,789 | 11,765 |
Farmland [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 111 | ' |
Farmland [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 13,900 | 11,765 |
Construction and Land Development [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | ' | 986 |
Construction and Land Development [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 354 | 851 |
Construction and Land Development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 354 | 1,837 |
Commercial and Industrial [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 6,106 | 3,761 |
Commercial and Industrial [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 315 | 1,526 |
Commercial and Industrial [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | ' | 113 |
Commercial and Industrial [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 3 | 7 |
Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 6,424 | 5,407 |
Agricultural [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 24,131 | 20,096 |
Agricultural [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 212 | ' |
Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 24,343 | 20,096 |
Purchased Indirect Automobile, Net [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 7,612 | 6,962 |
Purchased Indirect Automobile, Net [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 4 | 25 |
Purchased Indirect Automobile, Net [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 7,616 | 6,987 |
Other Consumer [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 115 | 117 |
Other Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 115 | 117 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 106,034 | 105,813 |
Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 5,400 | 5,590 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 5,152 | 1,104 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | $2,765 | $5,015 |
Note_4_Loans_and_Allowance_for6
Note 4 - Loans and Allowance for Loan Losses (Details) - Loan Portfolio Aging Analysis (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 | $968 | $1,540 |
60-89 Days Past Due | 658 | 822 |
Greater Than 90 Days | 2,009 | 1,164 |
Total Past Due | 3,635 | 3,526 |
Current | 115,716 | 113,996 |
Total Loans Receivable | 119,351 | 117,522 |
One to Four Family [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 770 | 1,464 |
60-89 Days Past Due | 607 | 808 |
Greater Than 90 Days | 1,608 | 1,122 |
Total Past Due | 2,985 | 3,394 |
Current | 36,504 | 38,448 |
Total Loans Receivable | 39,489 | 41,842 |
Home Equity Lines of Credit and Second Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 26 | 51 |
60-89 Days Past Due | 40 | 14 |
Greater Than 90 Days | 44 | 35 |
Total Past Due | 110 | 100 |
Current | 7,639 | 9,331 |
Total Loans Receivable | 7,749 | 9,431 |
Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 117 | 51 |
Total Loans Receivable | 117 | 51 |
Commercial Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 33 | ' |
Total Past Due | 33 | ' |
Current | 19,211 | 19,989 |
Total Loans Receivable | 19,244 | 19,989 |
Farmland [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 13,900 | 11,765 |
Total Loans Receivable | 13,900 | 11,765 |
Construction and Land Development [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Greater Than 90 Days | 354 | ' |
Total Past Due | 354 | ' |
Current | ' | 1,837 |
Total Loans Receivable | 354 | 1,837 |
Total Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 829 | 1,515 |
60-89 Days Past Due | 647 | 822 |
Greater Than 90 Days | 2,006 | 1,157 |
Total Past Due | 3,482 | 3,494 |
Current | 77,371 | 81,421 |
Total Loans Receivable | 80,853 | 84,915 |
Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 135 | ' |
60-89 Days Past Due | 11 | ' |
Greater Than 90 Days | 3 | 7 |
Total Past Due | 149 | 7 |
Current | 6,275 | 5,400 |
Total Loans Receivable | 6,424 | 5,407 |
Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 24,343 | 20,096 |
Total Loans Receivable | 24,343 | 20,096 |
Purchased Indirect Automobile, Net [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 4 | 25 |
Total Past Due | 4 | 25 |
Current | 7,612 | 6,962 |
Total Loans Receivable | 7,616 | 6,987 |
Other Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 115 | 117 |
Total Loans Receivable | 115 | 117 |
Total Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 4 | 25 |
Total Past Due | 4 | 25 |
Current | 7,727 | 7,079 |
Total Loans Receivable | $7,731 | $7,104 |
Note_4_Loans_and_Allowance_for7
Note 4 - Loans and Allowance for Loan Losses (Details) - Impaired Loan Classifications (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Real estate loans: | ' | ' |
Loans without a specific allowance - recorded balance | $2,121 | $1,876 |
Loans without a specific allowance - unpaid principal balance | 2,822 | 2,297 |
Loans without a specific allowance - average investment in impaired loans | 1,999 | 2,243 |
Loans without a specific allowance - interest income recognized | 36 | 37 |
Loans without a specific allowance - interest income recognized cash basis | 36 | 37 |
Real estate loans: | ' | ' |
Loans with a specific allowance - recorded balance | 644 | 3,139 |
Loans with a specific allowance - unpaid principal balance | 693 | 3,399 |
Loans with a specific allowance - specific allowance | 96 | 431 |
Loans with a specific allowance - average investment in impaired loans | 1,891 | 3,985 |
Loans with a specific allowance - interest income recognized | 34 | 66 |
Loans with a specific allowance - interest income recognized cash basis | 34 | 66 |
Total | 2,765 | 5,015 |
Total | 3,515 | 5,696 |
Total | 96 | 431 |
Total | 3,890 | 6,228 |
Total | 70 | 103 |
Total | 70 | 103 |
One to Four Family [Member] | ' | ' |
Real estate loans: | ' | ' |
Loans without a specific allowance - recorded balance | 1,722 | 1,770 |
Loans without a specific allowance - unpaid principal balance | 2,159 | 2,130 |
Loans without a specific allowance - average investment in impaired loans | 1,746 | 1,439 |
Loans without a specific allowance - interest income recognized | 32 | 24 |
Loans without a specific allowance - interest income recognized cash basis | 32 | 24 |
Real estate loans: | ' | ' |
Loans with a specific allowance - recorded balance | 562 | 714 |
Loans with a specific allowance - unpaid principal balance | 602 | 722 |
Loans with a specific allowance - specific allowance | 63 | 112 |
Loans with a specific allowance - average investment in impaired loans | 638 | 1,690 |
Loans with a specific allowance - interest income recognized | 12 | 28 |
Loans with a specific allowance - interest income recognized cash basis | 12 | 28 |
Total | 63 | 112 |
Home Equity Lines of Credit and Second Mortgages [Member] | ' | ' |
Real estate loans: | ' | ' |
Loans without a specific allowance - recorded balance | 45 | 106 |
Loans without a specific allowance - unpaid principal balance | 135 | 127 |
Loans without a specific allowance - average investment in impaired loans | 75 | 109 |
Loans without a specific allowance - interest income recognized | 1 | 2 |
Loans without a specific allowance - interest income recognized cash basis | 1 | 2 |
Real estate loans: | ' | ' |
Loans with a specific allowance - recorded balance | 75 | 60 |
Loans with a specific allowance - unpaid principal balance | 84 | 60 |
Loans with a specific allowance - specific allowance | 29 | 48 |
Loans with a specific allowance - average investment in impaired loans | 67 | 108 |
Loans with a specific allowance - interest income recognized | 1 | 2 |
Loans with a specific allowance - interest income recognized cash basis | 1 | 2 |
Total | 29 | 48 |
Multi-Family Residential [Member] | ' | ' |
Real estate loans: | ' | ' |
Loans with a specific allowance - average investment in impaired loans | ' | 459 |
Loans with a specific allowance - interest income recognized | ' | 8 |
Loans with a specific allowance - interest income recognized cash basis | ' | 8 |
Commercial Real Estate Loans [Member] | ' | ' |
Real estate loans: | ' | ' |
Loans without a specific allowance - average investment in impaired loans | ' | 695 |
Loans without a specific allowance - interest income recognized | ' | 11 |
Loans without a specific allowance - interest income recognized cash basis | ' | 11 |
Real estate loans: | ' | ' |
Loans with a specific allowance - recorded balance | ' | 1,482 |
Loans with a specific allowance - unpaid principal balance | ' | 1,482 |
Loans with a specific allowance - specific allowance | ' | 81 |
Loans with a specific allowance - average investment in impaired loans | 741 | 741 |
Loans with a specific allowance - interest income recognized | 13 | 12 |
Loans with a specific allowance - interest income recognized cash basis | 13 | 12 |
Total | ' | 81 |
Construction and Land Development [Member] | ' | ' |
Real estate loans: | ' | ' |
Loans without a specific allowance - recorded balance | 354 | ' |
Loans without a specific allowance - unpaid principal balance | 501 | ' |
Loans without a specific allowance - average investment in impaired loans | 178 | ' |
Loans without a specific allowance - interest income recognized | 3 | ' |
Loans without a specific allowance - interest income recognized cash basis | 3 | ' |
Real estate loans: | ' | ' |
Loans with a specific allowance - recorded balance | ' | 851 |
Loans with a specific allowance - unpaid principal balance | ' | 1,103 |
Loans with a specific allowance - specific allowance | ' | 176 |
Loans with a specific allowance - average investment in impaired loans | 426 | 939 |
Loans with a specific allowance - interest income recognized | 8 | 15 |
Loans with a specific allowance - interest income recognized cash basis | 8 | 15 |
Total | ' | 176 |
Total Real Estate Loans [Member] | ' | ' |
Real estate loans: | ' | ' |
Loans without a specific allowance - recorded balance | 2,121 | 1,876 |
Loans without a specific allowance - unpaid principal balance | 2,795 | 2,257 |
Loans without a specific allowance - average investment in impaired loans | 1,999 | 2,243 |
Loans without a specific allowance - interest income recognized | 36 | 37 |
Loans without a specific allowance - interest income recognized cash basis | 36 | 37 |
Real estate loans: | ' | ' |
Loans with a specific allowance - recorded balance | 637 | 3,107 |
Loans with a specific allowance - unpaid principal balance | 686 | 3,367 |
Loans with a specific allowance - specific allowance | 92 | 417 |
Loans with a specific allowance - average investment in impaired loans | 1,872 | 3,937 |
Loans with a specific allowance - interest income recognized | 34 | 65 |
Loans with a specific allowance - interest income recognized cash basis | 34 | 65 |
Total | 92 | 417 |
Commercial and Industrial [Member] | ' | ' |
Real estate loans: | ' | ' |
Loans without a specific allowance - unpaid principal balance | ' | 17 |
Real estate loans: | ' | ' |
Loans with a specific allowance - recorded balance | 3 | 7 |
Loans with a specific allowance - unpaid principal balance | 3 | 7 |
Loans with a specific allowance - specific allowance | 3 | 7 |
Loans with a specific allowance - average investment in impaired loans | 5 | 29 |
Loans with a specific allowance - interest income recognized | ' | 1 |
Loans with a specific allowance - interest income recognized cash basis | ' | 1 |
Total | 3 | 7 |
Purchased Indirect Automobile, Net [Member] | ' | ' |
Real estate loans: | ' | ' |
Loans with a specific allowance - recorded balance | 4 | 25 |
Loans with a specific allowance - unpaid principal balance | 4 | 25 |
Loans with a specific allowance - specific allowance | 1 | 7 |
Loans with a specific allowance - average investment in impaired loans | 14 | 17 |
Total | 1 | 7 |
Other Consumer [Member] | ' | ' |
Real estate loans: | ' | ' |
Loans without a specific allowance - unpaid principal balance | 27 | 23 |
Real estate loans: | ' | ' |
Loans with a specific allowance - average investment in impaired loans | ' | 2 |
Total Consumer Loans [Member] | ' | ' |
Real estate loans: | ' | ' |
Loans without a specific allowance - unpaid principal balance | 27 | 23 |
Real estate loans: | ' | ' |
Loans with a specific allowance - recorded balance | 4 | 25 |
Loans with a specific allowance - unpaid principal balance | 4 | 25 |
Loans with a specific allowance - specific allowance | 1 | 7 |
Loans with a specific allowance - average investment in impaired loans | 14 | 19 |
Total | $1 | $7 |
Note_4_Loans_and_Allowance_for8
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual Loans (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Mortgages on real estate: | ' | ' |
Nonaccrual Loans | $2,761 | $4,990 |
One to Four Family [Member] | ' | ' |
Mortgages on real estate: | ' | ' |
Nonaccrual Loans | 2,284 | 2,484 |
Home Equity Lines of Credit and Second Mortgages [Member] | ' | ' |
Mortgages on real estate: | ' | ' |
Nonaccrual Loans | 120 | 166 |
Other Consumer [Member] | ' | ' |
Mortgages on real estate: | ' | ' |
Nonaccrual Loans | ' | 1,482 |
Construction and Land Development [Member] | ' | ' |
Mortgages on real estate: | ' | ' |
Nonaccrual Loans | 354 | 851 |
Commercial and Industrial [Member] | ' | ' |
Mortgages on real estate: | ' | ' |
Nonaccrual Loans | $3 | $7 |
Note_4_Loans_and_Allowance_for9
Note 4 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructurings (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Real estate loans: | ' | ' |
Troubled Debt Restructurings | $245 | $1,745 |
One to Four Family [Member] | Performing Financing Receivable [Member] | ' | ' |
Real estate loans: | ' | ' |
Troubled Debt Restructurings | 1,245 | 1,126 |
One to Four Family [Member] | ' | ' |
Real estate loans: | ' | ' |
Troubled Debt Restructurings | 1,914 | 1,814 |
Home Equity Lines of Credit and Second Mortgages [Member] | ' | ' |
Real estate loans: | ' | ' |
Troubled Debt Restructurings | ' | 6 |
Commercial Real Estate Loans [Member] | Performing Financing Receivable [Member] | ' | ' |
Real estate loans: | ' | ' |
Troubled Debt Restructurings | ' | 1,482 |
Commercial Real Estate Loans [Member] | ' | ' |
Real estate loans: | ' | ' |
Troubled Debt Restructurings | ' | 1,482 |
Construction and Land Development [Member] | Performing Financing Receivable [Member] | ' | ' |
Real estate loans: | ' | ' |
Troubled Debt Restructurings | ' | 851 |
Construction and Land Development [Member] | ' | ' |
Real estate loans: | ' | ' |
Troubled Debt Restructurings | 354 | 851 |
Total Real Estate Loans [Member] | Performing Financing Receivable [Member] | ' | ' |
Real estate loans: | ' | ' |
Troubled Debt Restructurings | 1,245 | 3,459 |
Total Real Estate Loans [Member] | ' | ' |
Real estate loans: | ' | ' |
Troubled Debt Restructurings | 2,268 | 4,153 |
Total Loans [Member] | ' | ' |
Real estate loans: | ' | ' |
Troubled Debt Restructurings | 2,268 | 4,153 |
Performing Financing Receivable [Member] | ' | ' |
Real estate loans: | ' | ' |
Troubled Debt Restructurings | $1,245 | $3,459 |
Recovered_Sheet1
Note 4 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructuring Activity (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Modifications | 1 | 6 |
Recorded Investment | $245 | $1,745 |
One to Four Family [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Modifications | 1 | 3 |
Recorded Investment | 245 | 257 |
Home Equity Lines of Credit and Second Mortgages [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Modifications | ' | 1 |
Recorded Investment | ' | 6 |
Commercial Real Estate Loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Modifications | ' | 2 |
Recorded Investment | ' | 1,482 |
Total Real Estate Loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Modifications | 1 | 6 |
Recorded Investment | $245 | $1,745 |
Note_5_Premises_and_Equipment_1
Note 5 - Premises and Equipment (Details) - Premises and Equipment (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment | $8,122 | $9,148 |
Less accumulated depreciation | 4,756 | 5,753 |
Net premises and equipment | 3,366 | 3,395 |
Land [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment | 396 | 403 |
Building and Building Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment | 6,259 | 6,164 |
Furniture and Fixtures [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment | $1,467 | $2,581 |
Note_6_Loan_Servicing_Details
Note 6 - Loan Servicing (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Loan Servicing [Abstract] | ' | ' |
Credit Enhancement Obligation to Individual Loan Losses Limit | $927 | $927 |
Note_6_Loan_Servicing_Details_
Note 6 - Loan Servicing (Details) - Unpaid Principal Balance of Loans Serviced for Others (Serviced for Others [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
One-to-four family residential loans | ' | ' |
Loans Serviced for Others | $79,504 | $75,400 |
One-to-Four Family Residential, FHLB [Member] | ' | ' |
One-to-four family residential loans | ' | ' |
Loans Serviced for Others | 10,542 | 12,403 |
One-to-Four Family Residential, FNMA [Member] | ' | ' |
One-to-four family residential loans | ' | ' |
Loans Serviced for Others | 50,709 | 51,184 |
Agricultural, Farmer Mac [Member] | ' | ' |
One-to-four family residential loans | ' | ' |
Loans Serviced for Others | 15,106 | 8,808 |
Commercial, Other Financial Institutions [Member] | ' | ' |
One-to-four family residential loans | ' | ' |
Loans Serviced for Others | $3,147 | $3,005 |
Note_6_Loan_Servicing_Details_1
Note 6 - Loan Servicing (Details) - Loan Servicing Rights (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Loan Servicing Rights [Abstract] | ' | ' |
Balance | $412 | $310 |
Servicing rights that result from asset transfers | 191 | 159 |
Less loans refinanced | -110 | -72 |
Changes in fair value, due to changes in valuation inputs or assumptions | 127 | 15 |
Balance | $620 | $412 |
Note_7_Interestbearing_Deposit2
Note 7 - Interest-bearing Deposits (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Disclosure Text Block [Abstract] | ' | ' |
Time Deposits, $100,000 or More | $47,234 | $47,420 |
Note_7_Interestbearing_Deposit3
Note 7 - Interest-bearing Deposits (Details) - Deposit Interest Expense (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Deposit Interest Expense [Abstract] | ' | ' |
Savings | $22 | $21 |
NOW and Money Market | 81 | 59 |
Certificates of deposit | 1,164 | 1,270 |
Brokered certificates of deposit | ' | 65 |
Total deposit interest expense | $1,267 | $1,415 |
Note_7_Interestbearing_Deposit4
Note 7 - Interest-bearing Deposits (Details) - Maturities of Certificates of Deposit (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Maturities of Certificates of Deposit [Abstract] | ' |
2014 | $32,941 |
2015 | 23,474 |
2016 | 9,287 |
2017 | 9,791 |
$75,493 |
Note_8_Federal_Home_Loan_Bank_2
Note 8 - Federal Home Loan Bank Stock (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Disclosure Text Block [Abstract] | ' | ' |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $94,317 | $74,429 |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate, Range from | 0.66% | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate, Range to | ' | 5.16% |
Note_8_Federal_Home_Loan_Bank_3
Note 8 - Federal Home Loan Bank Stock (Details) - Federal Home Loan Bank Advances and Lines of Credit (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' |
Federal Home Loan Bank Advances | $12,206 | $12,357 |
Line of Credit [Member] | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' |
Federal Home Loan Bank Advances | 4,200 | 2,000 |
Advances [Member] | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' |
Federal Home Loan Bank Advances | $8,006 | $10,357 |
Note_8_Federal_Home_Loan_Bank_4
Note 8 - Federal Home Loan Bank Stock (Details) - Federal Home Loan Bank Advances and Lines of Credit (Parentheticals) | Dec. 31, 2013 | Dec. 31, 2012 |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' |
Line of Credit, Interest Rate | 0.30% | 0.30% |
Note_8_Federal_Home_Loan_Bank_5
Note 8 - Federal Home Loan Bank Stock (Details) - Annual Maturities of Advances (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 8 - Federal Home Loan Bank Stock (Details) - Annual Maturities of Advances [Line Items] | ' | ' |
$12,206 | $12,357 | |
Advances [Member] | ' | ' |
Note 8 - Federal Home Loan Bank Stock (Details) - Annual Maturities of Advances [Line Items] | ' | ' |
2014 | 2,457 | ' |
2015 | 1,333 | ' |
2016 | 2,076 | ' |
2017 | 377 | ' |
2018 | 1,763 | ' |
$8,006 | $10,357 |
Note_9_Income_Taxes_Details
Note 9 - Income Taxes (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Note 9 - Income Taxes (Details) [Line Items] | ' | ' |
Capital Loss Carryback Period | '3 years | ' |
Capital Loss Carryforward Period | '5 years | ' |
Operating Loss Carryforwards | $689 | $871 |
Operating Loss Carryforward, State | 3,190 | 3,290 |
Retained Earnings (Accumulated Deficit) | 13,897 | 13,291 |
Deferred Tax Liabilities, Gross | 386 | 385 |
Allocations Reversed Into Taxable Income [Member] | ' | ' |
Note 9 - Income Taxes (Details) [Line Items] | ' | ' |
Deferred Tax Liabilities, Gross | 753 | 753 |
Deferred Federal Income Tax Unrecognized [Member] | ' | ' |
Note 9 - Income Taxes (Details) [Line Items] | ' | ' |
Retained Earnings (Accumulated Deficit) | $2,216 | ' |
Note_9_Income_Taxes_Details_In
Note 9 - Income Taxes (Details) - Income Taxes Benefit Components (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Income Taxes Benefit Components [Abstract] | ' | ' |
Taxes currently payable | $228 | $192 |
Deferred income taxes | -44 | -48 |
Income tax expense | $184 | $144 |
Note_9_Income_Taxes_Details_In1
Note 9 - Income Taxes (Details) - Income Tax Expense (Benefit) Reconciliation (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Income Tax Expense (Benefit) Reconciliation [Abstract] | ' | ' |
Computed at the statutory rate (34%) | $295 | $351 |
Increase (decrease) resulting from | ' | ' |
Tax exempt interest | -10 | -4 |
Changes in deferred tax valuation allowance | -89 | -119 |
Cash surrender value of life insurance | -38 | -41 |
Other | 26 | -43 |
Actual tax expense | $184 | $144 |
Income tax expense as a percentage of pre-tax income | 21.20% | 14.00% |
Note_9_Income_Taxes_Details_In2
Note 9 - Income Taxes (Details) - Income Tax Expense (Benefit) Reconciliation (Parentheticals) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Income Tax Expense (Benefit) Reconciliation [Abstract] | ' | ' |
Statutory Rate | 34.00% | 34.00% |
Note_9_Income_Taxes_Details_Ta
Note 9 - Income Taxes (Details) - Tax Effects of Temporary Differences Related to Deferred Taxes (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Deferred tax assets | ' | ' |
Allowance for loan losses | $842 | $867 |
Accrued compensation and employee benefits | 827 | 802 |
Net operating loss | 234 | 296 |
Loss on other than temporary impairment of equity securities not sold | 218 | 218 |
Write-down on foreclosed assets for sale | ' | 107 |
Other | 291 | 172 |
2,412 | 2,462 | |
Deferred tax liabilities | ' | ' |
Depreciation | -167 | -153 |
FHLB stock dividends | ' | -89 |
Unrealized gains on available-for-sale securities | -9 | -3 |
Loan servicing rights | -210 | -140 |
-386 | -385 | |
Net deferred tax asset before valuation allowance | 2,026 | 2,077 |
Valuation allowance | ' | ' |
Beginning balance | 218 | 337 |
Decrease during the period | -89 | -119 |
Ending balance | 129 | 218 |
Net deferred tax asset | $1,897 | $1,859 |
Note_10_Accumulated_Other_Comp2
Note 10 - Accumulated Other Comprehensive Income (Details) - Components of Accumulated Other Comprehensive Income (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Components of Accumulated Other Comprehensive Income [Abstract] | ' | ' |
Net unrealized gain on available-for-sale securities | $25 | $10 |
Tax effect | -9 | -3 |
Net-of-tax amount | $16 | $7 |
Note_11_Changes_in_Accumulated2
Note 11 - Changes in Accumulated Other Comprehensive Income [AOCI] by Components (Details) - Reclassification from AOCI and Affected Line Items in Income Statement (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2012 |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' |
($1) | |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | Realized Gain on Sale of Securities [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' |
2 | |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' |
$2 |
Note_12_Regulatory_Matters_Det
Note 12 - Regulatory Matters (Details) - Capital Amounts and Ratios (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Capital Amounts and Ratios [Abstract] | ' | ' |
Actual Amount | $18,996 | $18,393 |
Actual Ratio | 14.50% | 14.50% |
Minimum Capital Requirements Amount | 10,489 | 10,129 |
Minimum Capital Requirements Ratio | 8.00% | 8.00% |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount | 13,112 | 12,662 |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 10.00% | 10.00% |
Actual Amount | 17,332 | 16,794 |
Actual Ratio | 13.20% | 13.30% |
Minimum Capital Requirements Amount | 5,245 | 5,065 |
Minimum Capital Requirements Ratio | 4.00% | 4.00% |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount | 7,867 | 7,597 |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 6.00% | 6.00% |
Actual Amount | 17,332 | 16,794 |
Actual Ratio | 10.30% | 10.20% |
Minimum Capital Requirements Amount | 6,741 | 6,602 |
Minimum Capital Requirements Ratio | 4.00% | 4.00% |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount | $8,246 | $8,253 |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 5.00% | 5.00% |
Note_12_Regulatory_Matters_Det1
Note 12 - Regulatory Matters (Details) - Reconciliation of the Bank Equity Amount Included in Balance Sheets (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Less net unrealized gains | $3 | $3 |
Less disallowed servicing amounts | 62 | 41 |
Less disallowed deferred tax assets | 1,200 | 1,200 |
Tier 1 capital | 17,332 | 16,794 |
Add allowance for loan losses subject to limit | 1,649 | 1,595 |
Add unrealized gains on available-for-sale equity securities | 15 | 4 |
Total risk-based capital | 18,996 | 18,393 |
Bank Equity [Member] | ' | ' |
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Bank equity | $18,597 | $18,038 |
Note_14_Related_Party_Transact2
Note 14 - Related Party Transactions (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Related Party Transactions [Abstract] | ' | ' |
Related Party Deposit Liabilities | $1,523 | $1,308 |
Note_14_Related_Party_Transact3
Note 14 - Related Party Transactions (Details) - Changes in Loans to Executive Officers and Directors (Executive Officers, Directors, and Affiliates [Member], USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Executive Officers, Directors, and Affiliates [Member] | ' | ' |
Note 14 - Related Party Transactions (Details) - Changes in Loans to Executive Officers and Directors [Line Items] | ' | ' |
Balance beginning of year | $1,080 | $1,178 |
New loans | 150 | 322 |
Repayments | -493 | -420 |
Balance, end of year | $737 | $1,080 |
Note_15_Employee_Benefit_Plans1
Note 15 - Employee Benefit Plans (Details) (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Jun. 30, 2011 | |
Note 15 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Deferred Compensation Liability, Current and Noncurrent | $2,433,000 | $2,338,000 | ' | ' |
Mortgage Lending Discount Rate to Employees Below Fannie May Loan Rate | 1.00% | ' | ' | ' |
Executive Officers and Directors [Member] | Employee Loan Program [Member] | ' | ' | ' | ' |
Note 15 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Related Parties | 319,000 | 391,000 | ' | ' |
Multi-Employer Pension Plan [Member] | ' | ' | ' | ' |
Note 15 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Defined Benefit Plan Maximum Eligibility | '65 years | ' | ' | ' |
Defined Benefit Plan Contribution from All Companies Participating in Plan | ' | ' | 196,473,000 | 299,729,000 |
Defined Benefit Plan, Contributions by Employer | 83 | 45 | ' | ' |
401K Plan [Member] | ' | ' | ' | ' |
Note 15 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 50.00% | ' | ' | ' |
Defined Contribution Plan Employees Contribution Matching Percentage | 6.00% | ' | ' | ' |
Defined Contribution Plan, Cost Recognized | 41,000 | 41 | ' | ' |
Current and Former Directors of the Company [Member] | ' | ' | ' | ' |
Note 15 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Deferred Compensation Liability, Current and Noncurrent | 1,081,000 | 1,085,000 | ' | ' |
Deferred Compensation Benefit Payment Term | '120 months | ' | ' | ' |
Deferred Compensation Arrangement with Individual, Compensation Expense | 106,000 | 110,000 | ' | ' |
Current and Former Directors of the Company [Member] | Minimum [Member] | ' | ' | ' | ' |
Note 15 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Deferred Compensation Interest Rate | 3.97% | ' | ' | ' |
Current and Former Directors of the Company [Member] | Maximum [Member] | ' | ' | ' | ' |
Note 15 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Deferred Compensation Interest Rate | 8.50% | ' | ' | ' |
Supplemental Retirement Plan for Officers [Member] | ' | ' | ' | ' |
Note 15 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Deferred Compensation Liability, Current and Noncurrent | 1,352,000 | 1,253,000 | ' | ' |
Deferred Compensation Arrangement with Individual, Compensation Expense | 225,000 | 221,000 | ' | ' |
Supplemental Retirement Plan for Officers [Member] | Minimum [Member] | ' | ' | ' | ' |
Note 15 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Fair Value Inputs, Discount Rate | 3.97% | ' | ' | ' |
Supplemental Retirement Plan for Officers [Member] | Maximum [Member] | ' | ' | ' | ' |
Note 15 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Fair Value Inputs, Discount Rate | 8.50% | ' | ' | ' |
Employee Loan Program [Member] | ' | ' | ' | ' |
Note 15 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Related Parties | $1,047,000 | $1,484,000 | ' | ' |
Employee Loan Program [Member] | Minimum [Member] | ' | ' | ' | ' |
Note 15 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
Minimum Employee Eligibility Number of Months | '3 years | ' | ' | ' |
Note_16_Stockbased_Compensatio2
Note 16 - Stock-based Compensation (Details) (USD $) | 1 Months Ended | 6 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | |||||||||
Jun. 23, 2011 | Jun. 23, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Nov. 29, 2012 | 26-May-11 | Dec. 31, 2013 | Dec. 31, 2012 | 26-May-11 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | 26-May-11 | Jun. 23, 2011 | Jun. 23, 2011 | |
Employee Stock Option [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Qualified Stock Options [Member] | Nonqualified Stock Options [Member] | |||||||
Note 16 - Stock-based Compensation (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Stock Ownership Plan (ESOP), Shares in ESOP (in Shares) | ' | ' | 62,775 | 62,775 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Stock Ownership Plan Percentage of Shares Paid with Borrowed Funds | ' | ' | 8.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | ' | '5 years | ' | ' | ' | ' | '3 years | ' | ' | '5 years | ' | ' | ' | ' | ' |
Employee Stock Ownership Plan (ESOP), Compensation Expense | ' | ' | $60,000 | $45,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
ESOP Shares Allocated and Released for Allocation (in Shares) | ' | ' | 16,740 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Stock Ownership Plan ESOP Fair Value Shares Allocated and Released for Allocation | ' | ' | 268,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Stock Ownership Plan (ESOP), Fair Value of Shares Subject to Repurchase Obligation | ' | ' | 268,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares) | ' | ' | ' | ' | ' | 109,856 | ' | ' | 78,469 | ' | ' | ' | 31,387 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares) | 73,761 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 63,167 | 10,594 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares) | 31,387 | ' | ' | 4,708,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares) | ' | ' | ' | ' | 4,708 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | ' | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share) | ' | ' | ' | $5.36 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | ' | ' | 108,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allocated Share-based Compensation Expense | ' | ' | 114,000 | 121,000 | ' | ' | 66,000 | 60,000 | ' | 48,000 | 61,000 | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | ' | ' | ' | ' | ' | ' | 172,000 | ' | ' | 121,000 | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | ' | ' | ' | ' | ' | ' | '2 years 215 days | ' | ' | '2 years 175 days | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value | ' | ' | 66,000 | 61,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options | ' | ' | 22,000 | 21,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share) | ' | ' | ' | $5.36 | ' | ' | ' | ' | ' | ' | ' | $8.10 | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $254,000 | ' | ' | ' |
Note_16_Stockbased_Compensatio3
Note 16 - Stock-based Compensation (Details) - Employee Stock Ownership Shares (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Employee Stock Ownership Shares [Abstract] | ' | ' |
Allocated shares | 12,555 | 8,370 |
Shares released for allocation | 4,185 | 4,185 |
Unearned shares | 46,035 | 50,220 |
Total ESOP shares | 62,775 | 62,775 |
Fair value of unearned shares at December 31 (in Dollars) | $609 | $452 |
Note_16_Stockbased_Compensatio4
Note 16 - Stock-based Compensation (Details) - Stock Option Weighted Average Assumptions | 12 Months Ended |
Dec. 31, 2012 | |
Stock Option Weighted Average Assumptions [Abstract] | ' |
Expected volatility | 47.53% |
Expected dividends | 0.00% |
Expected term (in years) | '7 years |
Risk-free rate | 1.04% |
Note_16_Stockbased_Compensatio5
Note 16 - Stock-based Compensation (Details) - Stock Option Activity (USD $) | 1 Months Ended | 12 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Jun. 23, 2011 | Dec. 31, 2013 | Dec. 31, 2012 |
Note 16 - Stock-based Compensation (Details) - Stock Option Activity [Line Items] | ' | ' | ' |
Shares | 73,761 | 0 | ' |
Weighted Average Exercise Price | ' | ' | $5.36 |
Shares | ' | 17,775 | ' |
Equity Incentive Plan [Member] | ' | ' | ' |
Note 16 - Stock-based Compensation (Details) - Stock Option Activity [Line Items] | ' | ' | ' |
Shares | ' | 78,469 | 73,761 |
Weighted Average Exercise Price | ' | 8.27 | $8.10 |
Shares | ' | 12,671 | 14,752 |
Weighted Average Exercise Price | ' | 8.31 | $8.10 |
Weighted Average Remaining Contractual Term | ' | '7 years 215 days | '8 years 175 days |
Aggregate Intrinsic Value | ' | 97 | $74 |
Shares | ' | ' | 4,708 |
Weighted Average Exercise Price | ' | ' | $10.95 |
Shares | ' | -17,775 | ' |
Weighted Average Exercise Price | ' | 8.1 | ' |
Shares | ' | 60,694 | 78,469 |
Weighted Average Exercise Price | ' | 8.32 | $8.27 |
Weighted Average Remaining Contractual Term | ' | '7 years 215 days | '8 years 215 days |
Aggregate Intrinsic Value | ' | 466 | $379 |
Note_16_Stockbased_Compensatio6
Note 16 - Stock-based Compensation (Details) - Nonvested Shares Activity (USD $) | 1 Months Ended | 12 Months Ended | |
Jun. 23, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | |
Nonvested Shares Activity [Abstract] | ' | ' | ' |
Balance | ' | 63,717,000 | 73,761,000 |
Balance, Weighted Average Grant-Date Fair Value | ' | $4.20 | $4.11 |
Granted | 31,387 | ' | 4,708,000 |
Granted, Weighted Average Grant-Date Fair Value | ' | ' | $5.36 |
Vested | ' | -15,694,000 | -14,752,000 |
Vested, Weighted Average Grant-Date Fair Value | ' | $4.19 | $4.11 |
Balance | ' | 48,023,000 | 63,717,000 |
Balance, Weighted Average Grant-Date Fair Value | ' | $4.21 | $4.20 |
Note_16_Stockbased_Compensatio7
Note 16 - Stock-based Compensation (Details) - Restricted Stock Option Activity (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Note 16 - Stock-based Compensation (Details) - Restricted Stock Option Activity [Line Items] | ' | ' |
Balance | 63,717,000 | 73,761,000 |
Balance, Weighted Average Grant-Date Fair Value | $4.20 | $4.11 |
Earned and issued | -15,694,000 | -14,752,000 |
Earned and issued | $4.19 | $4.11 |
Balance | 48,023,000 | 63,717,000 |
Balance, Weighted Average Grant-Date Fair Value | $4.21 | $4.20 |
Restricted Stock [Member] | ' | ' |
Note 16 - Stock-based Compensation (Details) - Restricted Stock Option Activity [Line Items] | ' | ' |
Balance | ' | 31,387 |
Balance, Weighted Average Grant-Date Fair Value | ' | $8.10 |
Earned and issued | ' | -1,569 |
Earned and issued | ' | $8.10 |
Balance | 29,818 | 29,818 |
Balance, Weighted Average Grant-Date Fair Value | $8.10 | $8.10 |
Note_17_Earnings_Per_Share_Det
Note 17 - Earnings Per Share (Details) | 12 Months Ended |
Dec. 31, 2012 | |
Earnings Per Share [Abstract] | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 78,469 |
Note_17_Earnings_Per_Share_Det1
Note 17 - Earnings Per Share (Details) - Basic and Diluted Earnings Per Share (USD $) | 12 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Note 17 - Earnings Per Share (Details) - Basic and Diluted Earnings Per Share [Line Items] | ' | ' |
Net income (in Dollars) | $683 | $888 |
Basic weighted average shares outstanding | 813,412 | 794,131 |
Less: Average unallocated ESOP shares | -47,952 | -52,138 |
Basic average shares outstanding | 765,460 | 741,993 |
Diluted average shares outstanding | 786,957 | 750,084 |
Basic earnings per share (in Dollars per share) | $0.87 | $1.20 |
Diluted earnings per share (in Dollars per share) | $0.87 | $1.18 |
Qualified Stock Options [Member] | ' | ' |
Note 17 - Earnings Per Share (Details) - Basic and Diluted Earnings Per Share [Line Items] | ' | ' |
Diluted effect of options and restricted stock awards | 6,482 | ' |
Restricted Stock [Member] | ' | ' |
Note 17 - Earnings Per Share (Details) - Basic and Diluted Earnings Per Share [Line Items] | ' | ' |
Diluted effect of options and restricted stock awards | 15,015 | 8,091 |
Note_18_Disclosures_About_Fair2
Note 18 - Disclosures About Fair Value of Assets and Liabilities (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Collateral Dependent Impaired Loans [Member] | ' | ' |
Note 18 - Disclosures About Fair Value of Assets and Liabilities (Details) [Line Items] | ' | ' |
Assets, Fair Value Adjustment | ($55) | ($65) |
Foreclosed Assets [Member] | ' | ' |
Note 18 - Disclosures About Fair Value of Assets and Liabilities (Details) [Line Items] | ' | ' |
Assets, Fair Value Adjustment | $0 | ($209) |
Note_18_Disclosures_About_Fair3
Note 18 - Disclosures About Fair Value of Assets and Liabilities (Details) - Fair Value Measurements on Recurring Basis (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Available-for-sale securities: | ' | ' | ' |
Available-for-sale securities | $5,545 | $7,879 | ' |
Loan servicing rights | 620 | 412 | 310 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' |
Available-for-sale securities: | ' | ' | ' |
Available-for-sale securities | 982 | 3,185 | ' |
US Government Agencies Debt Securities [Member] | ' | ' | ' |
Available-for-sale securities: | ' | ' | ' |
Available-for-sale securities | 982 | 3,185 | ' |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' |
Available-for-sale securities: | ' | ' | ' |
Available-for-sale securities | 626 | 779 | ' |
US Government-sponsored Enterprises Debt Securities [Member] | ' | ' | ' |
Available-for-sale securities: | ' | ' | ' |
Available-for-sale securities | 626 | 779 | ' |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' |
Available-for-sale securities: | ' | ' | ' |
Available-for-sale securities | 3,429 | 3,449 | ' |
US States and Political Subdivisions Debt Securities [Member] | ' | ' | ' |
Available-for-sale securities: | ' | ' | ' |
Available-for-sale securities | 3,429 | 3,449 | ' |
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Available-for-sale securities: | ' | ' | ' |
Available-for-sale securities | 28 | 18 | ' |
Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' |
Available-for-sale securities: | ' | ' | ' |
Available-for-sale securities | 480 | 448 | ' |
Equity Securities [Member] | ' | ' | ' |
Available-for-sale securities: | ' | ' | ' |
Available-for-sale securities | 508 | 466 | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' | ' |
Available-for-sale securities: | ' | ' | ' |
Loan servicing rights | $620 | $412 | ' |
Note_18_Disclosures_About_Fair4
Note 18 - Disclosures About Fair Value of Assets and Liabilities (Details) - Mortgage Servicing Rights Fair Value (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Mortgage Servicing Rights Fair Value [Abstract] | ' | ' |
Balance | $412 | $310 |
included in net income | 127 | 15 |
Servicing rights that result from asset transfers | 191 | 159 |
Loans refinanced | -110 | -72 |
Balance | $620 | $412 |
Note_18_Disclosures_About_Fair5
Note 18 - Disclosures About Fair Value of Assets and Liabilities (Details) - Fair Value Measurements, Nonrecurring Basis (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 18 - Disclosures About Fair Value of Assets and Liabilities (Details) - Fair Value Measurements, Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | $2,765 | $5,015 |
December 31, 2012: | ' | ' |
Foreclosed assets | ' | 616 |
Collateral Dependent Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 18 - Disclosures About Fair Value of Assets and Liabilities (Details) - Fair Value Measurements, Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 549 | 2,570 |
Collateral Dependent Impaired Loans [Member] | ' | ' |
Note 18 - Disclosures About Fair Value of Assets and Liabilities (Details) - Fair Value Measurements, Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 549 | 2,570 |
December 31, 2012: | ' | ' |
Foreclosed assets | 549 | 2,570 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
December 31, 2012: | ' | ' |
Foreclosed assets | ' | $616 |
Note_18_Disclosures_About_Fair6
Note 18 - Disclosures About Fair Value of Assets and Liabilities (Details) - Unobservable Valuation Information (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value (in Dollars) | ' | $616 |
Unobservable Inputs | 'PSA standard prepayment model rate | 'PSA standard prepayment model rate |
Range (Weighted Average) | ' | 421.00% |
Collateral Dependent Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value (in Dollars) | 549 | 2,570 |
Valuation Technique | 'Market comparable properties | 'Market comparable properties |
Unobservable Inputs | 'Marketability discount | 'Marketability discount |
Foreclosed Assets [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value (in Dollars) | 620 | 616 |
Valuation Technique | 'Discounted cash flow | 'Market comparable properties |
Unobservable Inputs | 'Discount rate | 'Comparability adjustments (%) |
Mortgage Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value (in Dollars) | ' | $412 |
Valuation Technique | ' | 'Discounted cash flow |
Unobservable Inputs | ' | 'Discount rate |
Minimum [Member] | Collateral Dependent Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | 20.00% | 10.00% |
Minimum [Member] | Foreclosed Assets [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | 8.00% | 10.00% |
Minimum [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | ' | 9.00% |
Minimum [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | 100.00% | ' |
Maximum [Member] | Collateral Dependent Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | 40.00% | 30.00% |
Maximum [Member] | Foreclosed Assets [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | 12.50% | 40.00% |
Maximum [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | ' | 11.00% |
Maximum [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | 369.00% | ' |
Weighted Average [Member] | Collateral Dependent Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | -25.00% | -22.00% |
Weighted Average [Member] | Foreclosed Assets [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | -10.43% | -27.00% |
Weighted Average [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | ' | -10.00% |
Weighted Average [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | -194.00% | ' |
Note_18_Disclosures_About_Fair7
Note 18 - Disclosures About Fair Value of Assets and Liabilities (Details) - Values of Financial Instrument (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Financial assets | ' | ' | ' |
Cash and cash equivalents | $28,089 | $22,859 | $22,227 |
Interest-bearing deposits with other financial institutions | 6,240 | 9,126 | ' |
Interest-bearing deposits with other financial institutions | 1,260 | 2,743 | ' |
Held-to-maturity securities | 833 | 1,263 | ' |
Loans, net of allowance for loan losses | 116,858 | 114,976 | ' |
Federal Home Loan Bank stock | 870 | 1,404 | ' |
Accrued interest receivable | 786 | 612 | ' |
Financial liabilities | ' | ' | ' |
Deposits | 133,750 | 133,985 | ' |
Federal Home Loan Bank advances | 12,206 | 12,357 | ' |
Advances from borrowers for taxes and insurance | 358 | 382 | ' |
Accrued interest payable | 19 | 29 | ' |
Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Financial assets | ' | ' | ' |
Cash and cash equivalents | 28,089 | 22,859 | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' | ' |
Financial assets | ' | ' | ' |
Interest-bearing deposits with other financial institutions | 6,240 | 9,126 | ' |
Held-to-maturity securities | 839 | 1,314 | ' |
Loans, net of allowance for loan losses | 119,462 | 117,099 | ' |
Federal Home Loan Bank stock | 870 | 1,404 | ' |
Accrued interest receivable | 786 | 612 | ' |
Financial liabilities | ' | ' | ' |
Deposits | 130,206 | 136,816 | ' |
Federal Home Loan Bank advances | 12,377 | 12,682 | ' |
Advances from borrowers for taxes and insurance | 358 | 382 | ' |
Accrued interest payable | $19 | $29 | ' |
Note_19_Significant_Estimates_1
Note 19 - Significant Estimates and Concentrations (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 19 - Significant Estimates and Concentrations (Details) [Line Items] | ' | ' |
Deferred Tax Assets, Valuation Allowance | $129 | ' |
Agricultural Production [Member] | ' | ' |
Note 19 - Significant Estimates and Concentrations (Details) [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Commercial | 24,343 | 20,096 |
Agricultural Real Estate [Member] | ' | ' |
Note 19 - Significant Estimates and Concentrations (Details) [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Commercial | 13,900 | 11,765 |
Commercial Real Estate Loans [Member] | ' | ' |
Note 19 - Significant Estimates and Concentrations (Details) [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Commercial | 19,244 | 19,989 |
Collateralized by Commercial and Development Real Estate [Member] | ' | ' |
Note 19 - Significant Estimates and Concentrations (Details) [Line Items] | ' | ' |
Pledged Assets, Not Separately Reported, Real Estate | $354 | $1,837 |
Note_20_Commitments_and_Credit1
Note 20 - Commitments and Credit Risk (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Note 20 - Commitments and Credit Risk (Details) [Line Items] | ' | ' |
Commitments, Fair Value Disclosure | $784 | $1,684 |
Disbursement Period | '1 year | ' |
Loans and Leases Receivable, Commitments, Fixed Rates | 784 | 50 |
Letters of Credit Outstanding, Amount | 130 | 6 |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Amount of Advances | 1,260 | 2,743 |
Securities Purchased under Agreements to Resell | 25,117 | 19,014 |
Line of Credit [Member] | Commercial Real Estate Loans [Member] | ' | ' |
Note 20 - Commitments and Credit Risk (Details) [Line Items] | ' | ' |
Commitments, Fair Value Disclosure | 10,784 | 10,884 |
Line of Credit [Member] | Open-End Consumer [Member] | ' | ' |
Note 20 - Commitments and Credit Risk (Details) [Line Items] | ' | ' |
Commitments, Fair Value Disclosure | 4,296 | 4,866 |
First Farmers Financial, LLC [Member] | ' | ' |
Note 20 - Commitments and Credit Risk (Details) [Line Items] | ' | ' |
Securities Purchased under Agreements to Resell | 14,811 | ' |
Other Than First Farmers Financial [Member] | ' | ' |
Note 20 - Commitments and Credit Risk (Details) [Line Items] | ' | ' |
Securities Purchased under Agreements to Resell | 10,306 | ' |
Coastal Securities [Member] | ' | ' |
Note 20 - Commitments and Credit Risk (Details) [Line Items] | ' | ' |
Securities Purchased under Agreements to Resell | ' | 10,508 |
Other than Coastal Securities [Member] | ' | ' |
Note 20 - Commitments and Credit Risk (Details) [Line Items] | ' | ' |
Securities Purchased under Agreements to Resell | ' | $8,506 |
Minimum [Member] | ' | ' |
Note 20 - Commitments and Credit Risk (Details) [Line Items] | ' | ' |
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 4.50% | 4.00% |
Maximum [Member] | ' | ' |
Note 20 - Commitments and Credit Risk (Details) [Line Items] | ' | ' |
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 6.00% | 4.75% |
Note_21_Condensed_Financial_In2
Note 21 - Condensed Financial Information (Parent Company Only) (Details) - Condensed Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Assets | ' | ' | ' |
Cash and due from banks | $1,712 | $1,102 | ' |
Other assets | 213 | 339 | ' |
Total assets | 170,120 | 169,367 | ' |
Liabilities | ' | ' | ' |
Other liabilities | 908 | 659 | ' |
Total liabilities | 149,674 | 149,750 | ' |
Stockholders' Equity | 20,446 | 19,617 | 18,662 |
Total liabilities and stockholders' equity | 170,120 | 169,367 | ' |
Parent Company [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Cash and due from banks | 1,256 | 947 | ' |
Investment in common stock of subsidiary | 18,596 | 18,038 | ' |
ESOP loan | 484 | 521 | ' |
Other assets | 134 | 136 | ' |
Total assets | 20,470 | 19,642 | ' |
Liabilities | ' | ' | ' |
Other liabilities | 24 | 25 | ' |
Total liabilities | 24 | 25 | ' |
Stockholders' Equity | 20,446 | 19,617 | ' |
Total liabilities and stockholders' equity | $20,470 | $19,642 | ' |
Note_21_Condensed_Financial_In3
Note 21 - Condensed Financial Information (Parent Company Only) (Details) - Condensed Statements of Income (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Income | ' | ' |
Total income | $6,441 | $7,204 |
Expense | ' | ' |
Noninterest expense | 4,583 | 4,759 |
Benefit for Income Taxes | -184 | -144 |
Net Income | 683 | 888 |
Comprehensive Income | 692 | 872 |
Parent Company [Member] | ' | ' |
Income | ' | ' |
Dividends from subsidiary | 373 | 1,114 |
Interest on ESOP loan | 17 | 18 |
Losses on other-than-temporary impairment of equity securities | ' | -1 |
Total income | 390 | 1,131 |
Expense | ' | ' |
Noninterest expense | 286 | 385 |
Income Before Income Tax and Equity in Undistributed Income of Subsidiary | 104 | 746 |
Benefit for Income Taxes | -92 | -123 |
Income Before Equity in Undistributed Income of Subsidiary | 196 | 869 |
Equity in Undistributed Income of Subsidiary | 487 | 19 |
Net Income | 683 | 888 |
Comprehensive Income | $692 | $872 |
Note_21_Condensed_Financial_In4
Note 21 - Condensed Financial Information (Parent Company Only) (Details) - Condensed Statements of Cash Flows (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Cash flows from operating activities | ' | ' |
Net income | $683 | $888 |
Adjustments | ' | ' |
ESOP compensation expense | 60 | 45 |
Stock-based compensation expense | 114 | 121 |
Change in other assets | 123 | 135 |
Change in other liabilities | 144 | 159 |
Cash flows from investing activities | ' | ' |
Net cash provided by investing activities | 4,145 | -533 |
Cash flows from financing activities | ' | ' |
Dividends paid | -77 | ' |
Stock options exercised | 145 | ' |
Net cash provided by financing activities | -342 | -1,135 |
Net Change in Cash and Cash Equivalents | 5,230 | 632 |
Cash and Cash Equivalents | 28,089 | 22,859 |
Beginning Balance [Member] | Parent Company [Member] | ' | ' |
Cash flows from financing activities | ' | ' |
Cash and Cash Equivalents | 947 | 79 |
Ending Balance [Member] | Parent Company [Member] | ' | ' |
Cash flows from financing activities | ' | ' |
Cash and Cash Equivalents | 1,256 | 947 |
Parent Company [Member] | ' | ' |
Cash flows from operating activities | ' | ' |
Net income | 683 | 888 |
Adjustments | ' | ' |
Loss on other-than-temporary impairment of equity securities | ' | 1 |
ESOP compensation expense | 60 | 45 |
Stock-based compensation expense | 114 | 121 |
Equity in undistributed subsidiary income | -487 | -19 |
Change in other assets | -164 | -228 |
Change in other liabilities | -1 | 25 |
Net cash provided by operating activities | 205 | 833 |
Cash flows from investing activities | ' | ' |
Payments on ESOP loan | 36 | 35 |
Net cash provided by investing activities | 36 | 35 |
Cash flows from financing activities | ' | ' |
Dividends paid | -77 | ' |
Stock options exercised | 145 | ' |
Net cash provided by financing activities | 68 | ' |
Net Change in Cash and Cash Equivalents | $309 | $868 |